Monday, May 13, 2013

MEDEF Wants to Tighten Pension Requirements

The MEDEF, representing large French businesses, is calling for an increase in the minimum duration of pension contributions to 43 years for full benefits. The organization also wants to increase the legal age of retirement to 65. The increase would come incrementally over an extended period.

The retirement reform dossier seems to be perennial. Each successive reform simply anticipates the next.

Ségolène Speaks Out

Ségolène Royal is rather complimentary toward the President in some ways. She speaks of him as a man of "courage." On the other hand, she observers, almost blandly, that the "relation to power" has not changed since his election. This is not the most perspicuous of criticisms, but it seems to come down to the fact that nothing has been done about reforming the cumul des mandats. She also calls for a "restructuring" of the finance ministry, because nothing that Hollande has done so far has reversed the decline of the principal economic indicators or the increase in unemployment. She thinks that the Public Investment Bank, of which she is vice-president, ought to be given a larger role, and that the president ought to do more to "instill confidence." Good luck with that. She hints that she does not expect to enter the government, and her expectation is no doubt realistic.