For the past 18 months, France has taken significant steps to consolidate its public finances, capped by a comprehensive pension reform this month. The key has been the restoration of social dialogue as a tool with which to forge long-lasting consensus.
PARIS – Before this year has ended, the French parliament will have enacted a comprehensive pension overhaul, which is essential not only to putting France’s public finances on a sound and sustainable footing, but also to shoring up confidence in the eurozone in 2014 and beyond. Moreover, how the reform was carried out is as important as the measure itself.
PARIS – Before this year has ended, the French parliament will have enacted a comprehensive pension overhaul, which is essential not only to putting France’s public finances on a sound and sustainable footing, but also to shoring up confidence in the eurozone in 2014 and beyond. Moreover, how the reform was carried out is as important as the measure itself.