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French president Francois Hollande CUTS! retirement age – Telegraph

By Emma Rowley4:46PM BST 06 Jun 2012

France’s new socialist government cut the country’s retirement age in the face of the eurozone’s deepening crisis, citing “social justice” to explain a move that goes against austerity efforts across the region.

Workers who entered employment aged 18 will be able to retire at 60 rather than 62, under the decree agreed at a cabinet meeting yesterday.

The decision follows pre-election promises from the new president Francois Hollande to reverse the rise in the retirement age introduced by his predecessor Nicolas Sarkozy in 2010.

via French president Francois Hollande cuts retirement age – Telegraph.

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