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But it's never politically easy to cut the pension budget, which is the biggest quadruped in the room. That's now needed because the borrowing is starting to approach its limitsOddly enough or not, the leading proponents of the extreme right and left (who seem to be, in this order, likely to win the presidential election next spring), propose to
still lower the retirement age -
from currently 62.75-64 (since the recent reform to raise it was stopped in its tracks under pressure)
* to 62, and 60 for people who began working younger than 21 (Le Pen)
* to 60 (Mélenchon)
Both promise a lot of other goodies like tax cuts, Le Pen also talks about spending cuts (that don't seem to add up however).
Will France soon see a bond market revolt similar to the one that swept out the UK's Liz 'salad head' Truss?
Someone made a video which digs a bit deeper
YouTube: Don't Be Fooled. It's All About the Money (The Marrow)
