France Passes Pension Bill, By Gian Sexsmith

 France Passes Pension Bill, By Gian Sexsmith

France has finally come to a conclusion and passed the pension bill. On Tuesday, the French Senate passed the final draft making the minimum age for a pension from 60 to 62 and now a full pension from 65 to 67. The Pension was passed from a vote of one hundred and seventy seven to one hundred and fifty one.  

The bill is expected to become a law in November and be brought into full effect by July of next year. One of the main exceptions of the law says there will be a new debate on a more comprehensive review of Frances pension system after the next presidential elections. This is because right now Nicolas Sarkozy has most of the National Assembly on his side and that is who is passing the pension bill.

With all the Union striking and all the walkouts from oil refineries and airports it has really hurt  Frances economy but now most have stopped last Tuesday morning. France lost so much imported fuel in the past few weeks; France has been importing fuel at four times the rate to help re-supply their gas stations.  Train services are working back to normal and the garbage men returned to work. The garbage men were on strike for two weeks and now are forced to clean up 10,000 tons of garbage that has been left unattended. 

 The unions are talking about having more national strikes on Thursday and one more on November 6^th. The government isn’t worried about it because once the National Assembly passes its final vote, they think the demonstrations will keep lessening.  

In conclusion France has finally made a decision. Hopefully causing everything to go back to normal for Frances economy. People will be getting back to work and quit striking or at least until next year president elections in 2013. Where the Pension Bill will be revised again.