June 20, 2012

Let Europe communist states burn.

As Europe burns, retarded lazy french cut their retirement age from 62 to 60. Now they want North America to bailout their lazy inbred communist asses, never again Europe, never again.

Rot in hell.

France’s cut to retirement age worries business

Businesses and economists have condemned the new French government’s decision to cut the retirement age from 62 to 60 for hundreds of thousands of workers.

Campaign posters for Mr Sarkozy's Socialist rival, François Hollande, in Mulhouse, eastern France - France must decide

Campaign posters for Francois Hollande Photo: AFP/Getty Images

By Emma Rowley

12:39PM BST 07 Jun 2012

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France’s largest business lobby, Mouvement des Entreprises de France (MEDEF) said the move was “worrying for the financial future of the pension systems”.

The reduction in the retirement age, agreed at a cabinet meeting on Wednesday, will be financed by an increase in pension contributions. This rise in costs will be “detrimental to the competitiveness of French companies”, MEDEF argued.

Douglas McWilliams, chief executive of the Centre for Economics and Business Research (CEBR) think-tank, said the knock-on effect will be to make French exports less competitive.

“It’s going to be an additional fiscal burden on a country that is currently on the cusp of being part of the euro problem zone,” he said. “I think it makes chances of France being able to be in a currency union with Germany [after other nations exit the euro] … that much lower.”