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French Constitutional Council approves retirement reform

After several weeks of protest and the passing of the retirement reform by French Parliament, the Constitutional Council (a bi-partisan panel that examines the constitutionality of proposed laws) has approved of the retirement reform in France. As the Figaro writes, they approved of all the major tenets of the reform (retirement age from 60 to 62, pension frm 65 to 67, etc.). The Sages (“wisemen”) who make up the council rejected Socialist complaints, asserting that the reform did not infringe rights of equality. There were 13 amendments not approved, pushed back to further debate related to reforms on resident work doctors, but all the major parts of the retirement reform were adopted.

You can read more about this decision at the Nouvel Obs, and a great guide and analysis of the main points of the reform can be found here.

Next step: President Sarkozy will sign this into law. Nouvel Obs says that Sarkozy has 15 days to sign this into law, in accordance with the French Constitution. His advisor Raymond Soubie estimated before that it would be around Nov. 15.

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