France's Hollande in tight spot on pension reform


  • World
  • Sunday, 21 Jul 2013

PARIS (Reuters) - President Francois Hollande may only manage a lightweight reform of France's indebted pension system, with trade unions preparing street protests and his own Socialist Party warning it would oppose painful measures.

Fellow Europeans say France risks damaging its own standing and that of the euro zone among investors, and upsetting southern members struggling with harsh reforms, if it fails to address the deficit in its pension funding.

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