Turnout high for French protests against government

Press quote (Voice of America)
12 October 2010

Analysts like Simon Tilford, of the Centre for European Reform in London, say the reforms are crucial. "What we are seeing is essentially a very powerful group of special interests resisting reforms that would be in everyone's interest and which provide one of the least painful ways of reassuring investors about France's public finances," he said. Tilford believes European governments must take more painful measures than simply increasing retirement age. "Member states, European economies need to go much further than that because we are seeing fewer and fewer workers supporting more and more people in retirement. So the increase in retirement age needs to go beyond the increase in life expectancy if we are going to square the circle and ensure pension systems are sustainable from a financial point of view," he said.