Europe’s “austerity measures” hitting some hard
In this New York Times special report, Europeans speak out on government plans across the continent to bring public finances under control amid corruption and suspicion of governments not doing enough for the common man. Well this currently in France amid protests against raising the retirement age as part of a larger pension reform package to help control spending. Those who are protesting see bankers getting large bonuses while they are forced to work longer. But France’s retirement age is the lowest in Europe and many French know that their social safety net cannot remain the same for future generations.
You can see a series of insightful video interviews from Athens, Madrid, Paris, London and Frankfurt here.
Also, an interactive map of Europe’s debt crisis.
“…Some acknowledged that they might have contributed to the crisis by spending beyond their means, and said there was probably no alternative to bailing out banks and countries like Greece to prevent a wider downturn. They are, grudgingly, willing to accept cuts in pensions and salaries, provided that politicians, whom they see as complicit in the crisis, quickly clean up the mess. Yet despite the problems, they would also be unhappy to see the European Union unwind…’We are part of a generation who knows that things can vanish,” said Mathilde Donovan, 29, a French public relations executive….”