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France

Controversial bill to raise retirement age becomes law

Text by News Wires

Latest update : 2010-11-10

French President Nicolas Sarkozy officially signed a controversial pension reform bill, raising the retirement age from 60 to 62, into law on Wednesday. The reform sparked weeks of street demonstrations and nationwide strikes.

AP - French President Nicolas Sarkozy's reform raising the retirement age from 60 to 62 has become law after months of protests by unions.

The law was published in the government's Journal Official on Wednesday, meaning Sarkozy has signed it and it has formally gone into effect. The constitutional watchdog approved the plan a day earlier, and France's parliament gave the measure its backing on Oct. 27.

The reform sparked weeks of street demonstrations and nationwide strikes that caused gasoline shortages and havoc for travelers.

The opposition Socialists have opposed the conservative government's measure. Like many heavily indebted European governments, France is trying to
cut back on spending.

Date created : 2010-11-10

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