January 2020

15Jan

Strike against pension reform not to have severe impact on French economy: minister

Rolling train and metro stoppages and nationwide street rallies would not pose serious challenge to France's economy which has preserved its attractiveness despite a social tense climate, French Economy and Finance Minister Bruno Le Maire said on Tuesday. Asked by CNews television whether growth of the eurozone's second key powerhouse would be affected by unions' industrial action to oppose a pension overhaul, Le Maire said: "I don't think the strike will cost France dear." "I don't think that it...

January 15, 2020
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13Jan

France. French transport strike drags on despite government compromise on pensions

A crippling French transport strike dragged into its 39th day on Sunday despite the government’s offer to withdraw the most contested measure of the pension reform plans that sparked the protest. Prime Minister Edouard Philippe said Saturday he would drop plans to increase the official retirement age to 64 from 62 in an effort to end a strike which has paralyzed Paris and its suburbs, with bus, train and metro services all badly disrupted. “I am willing to withdraw...

January 13, 2020
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13Jan

Macron Scraps Proposal to Raise Retirement Age in France

Faced with an unrelenting protest over proposed changes in France’s generous pension system, officials withdraw a move to raise the full-benefit retirement age to 64 from the present 62. Read Also France. French transport strike drags on despite government compromise on pensions With tens of thousands of anti-government demonstrators once again coursing through the streets of Paris and other cities and clouds of tear gas and smashed store windows punctuating the urban landscape, the French government made a major concession on...

January 13, 2020
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10Jan

Demographic Obstacles to European Growth

By: Thomas F. Cooley, Espen Henriksen, Charlie Nusbaum Since the early 1990’s the growth rates of the four largest European economies—France, Germany, Italy, and the United Kingdom—have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancies and declining fertility have led to gradually ageing populations. Demographic change affects economic growth directly through households savings and labor supply decisions and also growth indirectly through the pension systems and the need to...

January 10, 2020
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09Jan

Nationwide protest in France over pensions as talks continue

Rail workers, teachers, doctors, lawyers and others joined a nationwide day of protests and strikes Thursday to denounce French President Emmanuel Macron’s plans to overhaul the pension system. As the government and unions pushed on with crucial negotiations about the changes, street protests were staged in Paris and other French cities, with railway strikes entering their sixth week. Read Also Critical week in frances pension reform protests The Eiffel Tower was shut as employees joined the protest movement. Paris metro traffic was...

January 9, 2020
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09Jan

FRR names supervisory board chair

FRR, Franklin Templeton, Mercer, HSBC Global Asset Management, Veritas, AllianceBernstein, Arabesque S-Ray, Eumedion, De Nationale APF, ASR, PGB, Hermes, Netspar, Sampension, Rabobank, Kempen, UBS, Aegon, LOIM Fonds de réserve pour les retraites (FRR) – The €32.6bn French sovereign investor has a new chair of the supervisory board, with Sandrine Lemery having been appointed to the position by government decree. She was the first deputy secretary general of ACPR, the prudential authority for banks and insurers, from 2013 until the beginning of January 2019. She...

January 9, 2020
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07Jan

French pension talks resume as govt seeks to end standoff

French officials prepared to restart talks with unions Tuesday over a pension overhaul that has sparked the country's longest transport strikes in decades, which labour leaders say could force millions of people to retire later than they thought. Public support appears to be shifting in the government's favour, with just 44 percent backing the strike in an Ifop poll released Sunday, down seven points from the previous survey on December 19-20. The reform would eliminate 42 separate pension schemes...

January 7, 2020
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06Jan

Critical week in France’s pension reform protests

The month-long stand-off between the government and France's striking transport workers has entered a critical week, with talks set to resume on Tuesday, and further national protests in store. The first Council of Ministers' meeting was taking place on Monday, as commuters braced for a difficult return to work after the Christmas break. The ongoing pension reform protests are certain to top the agenda, with strike calls launched on Monday by nurses and physiotherapists' unions. An Air France pilots...

January 6, 2020
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03Jan

On Day 29, French rail strike makes history

A labour walkout that has frustrated Paris commuters and marooned thousands of holiday travellers in France dragged into its 29th day on Thursday, becoming the country's longest continuous railway strike with no end in sight. The standoff over the government's plan to merge 42 pension schemes into a single, points-based system has seen workers at the state-owned SNCF railway company and Paris' RATP public transport operator down tools since December 5. Hundreds of thousands of strikers and their supporters...

January 3, 2020
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December 2019

31Dec

The Collapse of the Models. Re-shaping Social Protection in Europe and Latin America

The 2010-decade was a challenging period for the world. Latin America’s economy was doing relatively well at the beginning of the decade. However, the region’s economy is stagnated. Read also Colombia’s Pension Reform Hampered By Political Tension The European Union has been struggling too. Besides economic stagnation, right-wing populist candidates have been on the rise. The populists’ slogans on preserving national identity and tackling uncontrolled immigration have gained traction. Read also Greek government planning pension rises for 450,000 recipients Further, the...

December 31, 2019
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