alt Hacker NewsThat's bullshit. Pensions are not a zero-sum game, and other countries don't have to pay for them.
It just doesn't make sense to delay retirement while youth unemployment is such a big problem. We ALL should be fighting like France, in many aspects.
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FrojoS • today at 8:46 AM
It’s not bs. France is lobbying for “Eurobonds”, debt they can take at German interest rates and with Germans etc holding the bag, for about two decades now.
https://youtu.be/tMd7EfFsPIc (Video claims France is against them, but if they ever were they are not anymore)
Other countries don't directly pay for the pensions, but France is staring into a giant fiscal abyss because of their low retirement age (and other generous social benefits). Any attempt to change those results in the country being taken hostage by rioters, thus nothing changes.
At some point France will be in too deep shit and will look to the EU to cover for them. We will all pay for that. And it is deeply unfair because other countries their citizens have accepted later retirement and more frugal benefits to keep their countries fiscally healthy.
France could cover the fiscal hole in other ways, but taxing corporations and wealth at a higher rate also consistently ends up being blocked. And each year the hole gets deeper.