French go nuts over retiring two years later
According to the BBC, strikes in France have choked off the fuel supply:
*"About 1,500 petrol stations in France have run dry or are about to close as fuel supplies are hit by strikes over government pension reforms, officials say."
*"Workers at France's 12 oil refineries have been on strike for a week and entrances to many of the country's fuel distribution depots have been blocked."
*"Half of flights to and from Paris's Orly airport and one in three flights at other airports are being cancelled, according to aviation officials."
What has Frenchpeoples breaking shop windows and burning cars?
"The government wants to raise the retirement age from 60 to 62 and the full state pension age from 65 to 67."
I don't know enough about France's finances to make a definitive judgment. But this strikes me as an overreaction. Anyone have other thoughts?
Robert Brokamp, CFP®, is the senior advisor for the Fool's Rule Your Retirement service.