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4 November 2010
The 2010 French pension reform
The 2010 French pension reform has now been passed by the French Parliament, after weeks of protests, strikes and even riots, all of which have aroused incomprehension in foreign media. The headline increase of the “legal retirement age” from 60 to 62 sounded to most pundits a very small step towards the sustainability of public finances when many European countries have already increased normal retirement age to age 67 or even 68. This short piece is not about the reasons behind the acute reaction of the French street – which would encompass much more than pensions. It aims simply at presenting the reform, its likely distributional impact and its effect in terms of financial sustainability. (in French; Italian version on LaVoce, English version to be published on VoxEU). read more
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1 October 2010
Beyond New Labour?
This week, the Labour Party’s annual conference was marked by the inaugural speech of its new leader, Ed Miliband. The campaign for the leadership of the Labour Party had been perilously close: Ed Miliband only emerged as leader after four rounds of voting. His brother, David Miliband, former Foreign Minister in the government of Gordon Brown, had been the favourite to win the election. Keen to appease the tensions that the campaign had unleashed within the Party, Ed Miliband’s first speech as leader was a reconciliatory affair: the Guardian newspaper warmly described him as staking out the reformist centre-ground, much like Tony Blair had done in the mid 1990s. But what of New Labour? And what future for the British left? read more
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