Recently, the media has been preoccupied by news about the Taipei International Flora Exposition, the special municipality elections and the results of former president Chen Shui-bian’s (陳水扁) various trials. Not too many people have been paying attention to major international events, especially the recent strikes and reform to the pensions system in France.
Under the previous French law, the retirement age was 60 and anyone who made social security payments for 40-and-a-half years could claim full pension benefits from the age of 65. However, an aging population has meant that pension and healthcare costs have increased steadily. Combined with the falling number of taxpayers — a result of falling birth rates — this made reform of the pensions system very urgent.