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French Bayrou: Absolutely vital to reform the pension system

  • Minimum age of 64 to draw full pension is not taboo
  • Will as public accountability for an audit of French pension system
  • Re-examining pension system will have to be done on condition that system remains financially balanced.
  • Will propose that Parliament adopt pension reform deal found by unions, and employers if it is balanced and fair
  • Butcurrent pension reform will remain in place if no such a deal is found
  • Sticking to public deficit target 3% of GDP in 2029.
  • Cutting 2025 economic growth forecast to 0.9% from 1.1%.
  • Will target 2025 public deficit of 5.4% of GDP

This article was written by Greg Michalowski at www.forexlive.com.

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