To disclose my concern: I am a French retiree. My pension is paid by the government. The government will borrow nearly as much as it earns. France is one of the most taxed countries, not only there are taxes on your revenue, but taxes each time you buy products. For electricity, fuel and many other items, the government earns 70% of the consumer price. Pensions are one of the most important items in government budget's.
Here is my question: Do you think IMF will intervene like in Greece in 2004 and pensions will be drastically reduced?
Here is my question: Do you think IMF will intervene like in Greece in 2004 and pensions will be drastically reduced?
Thanks!