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Should Europe’s pension schemes be reformed? | Business and Economy
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France is one of many countries struggling to maintain pensions.
Europeans are living longer, and as the continent’s population ages, the proportion of people contributing to pension schemes decreases.
That is prompting many countries to reform their pension systems to balance the books.
In France, a proposed bill has proven extremely unpopular. The government says raising the retirement age is crucial to preventing the system from going bust. But unions and left-wing politicians are not convinced.
Elsewhere, the economic crises of Egypt and Pakistan are deepening. Will IMF loans fix their problems?
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