WeX Posted June 4, 2013 Share Posted June 4, 2013 One could equally say that based on the experiences on of this country austerity isn't working. It all depends on political prejudice I agree, but the UK is certainly not in the same heap of trouble France is. the UK and France took different routes to fix the same problem and while France is suffering the UK is bumping along in the storm. Of our peers the UK is doing pretty well, compared. Link to comment Share on other sites More sharing options...
Mister M Posted June 4, 2013 Share Posted June 4, 2013 Were you so understanding when Cameron et al had only been in the job for a year? Again a genuine question... I probably wasn't no Link to comment Share on other sites More sharing options...
L00b Posted June 4, 2013 Share Posted June 4, 2013 I was going to post an addendum that our coalition have had 3 years, which Hollande hasn't.Hollande will not have enough of his time in office to finish even starting what needs to be done (and which Sarksozy barely got underway with great difficulty before he got in). It will likely take a generation. He'll be continuing Sarkozy's policies all the same (he has no choice, and knows it full well, as do most everybody else), completely against his electoral promises, and will achieve benchmark-setting impopularity in the process (already well underway, and this is just the start). He told the electorate what the electorate wanted to hear to get him in office, but populism can only get you so far: the proof is in the pudding, he can't deliver the goods (they were impossible/unrealistic/completely implausible in the 1st place, never mind after a 2nd recession and the € on critical life-support), and is now getting ever-mounting pressure from Merkel and Brussels to get his a55 in gear. The checkmate is very near, there were rumblings of it in the past few days with the Commission's message about pace of structural reform. I very much doubt the socialists will see another president get in for a couple of turns at least. Link to comment Share on other sites More sharing options...
Anna Glypta Posted June 4, 2013 Share Posted June 4, 2013 He did, but only for those who started working age 18 (and a bit) and have paid a full 41 (and a bit) years' worth of contributions. For context, that's a whole 110,000 persons For context that's 110,000 persons in the first year. Perhaps you need to ask google the correct questions. Not only that those 110,000 pensions in year one would add 1 billion Euros to the French social services bill. That's a billion Euros extra on the debt and more of the same in subsequent years. Link to comment Share on other sites More sharing options...
L00b Posted June 4, 2013 Share Posted June 4, 2013 For context that's 110,000 persons in the first year.Yep, for those born 1st November 1952, reaching 60 by 1st November 2012. There's a sliding scale for those born later, and retirement at 62 for all those born 1st November 1955 and later. Not only that those 110,000 pensions in year one would add 1 billion Euros to the French social services bill. That's a billion Euros extra on the debt and more of the same in subsequent years.€700m in 2013, financed by a corresponding increase of social security contributions, rising to €2.7bn by 2017, all garanteed by the Gvt to be neutral to the contributing (paying-) workforce. Perhaps you need to ask google the correct questions.Perhaps you should heed your own counsel Link to comment Share on other sites More sharing options...
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