French Bayrou: Absolutely vital to reform the pension system

• Minimum age of 64 to draw full pension is not taboo
• Will as public accountability for an audit of French pension system
• Re-examining pension system will have to be done on condition that system remains financially balanced.
• Will propose that Parliament adopt pension reform deal found by unions, and employers if it is balanced and fair
• Butcurrent pension reform will remain in place if no such a deal is found
• Sticking to public deficit target 3% of GDP in 2029.
• Cutting 2025 economic growth forecast to 0.9% from 1.1%.
• Will target 2025 public deficit of 5.4% of GDP

This article was written by Greg Michalowski at www.forexlive.com.