Will you still feed me when I’m 62? Macron’s pension fight
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 9 January 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
He won a landslide victory campaigning on it, but like French presidents before him Emmanuel Macron is struggling to push through his grand pension reform; we ask why. The belief in guardian spirits in Myanmar is being cracked down on by increasingly intolerant monks. And the Canadian town of Asbestos considers a name-change. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/radiooffer
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. |
| 0:07.1 | I'm your host, Jason Palmer. |
| 0:09.1 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.1 | Every year, hundreds of thousands of people in Myanmar head to a little village to commune with guardian spirits called Nats. |
| 0:25.1 | This bit of folk religion once sat comfortably with the country's dominant Buddhist beliefs, |
| 0:30.0 | but now the monks are cracking down on it. |
| 0:33.5 | And the town of asbestos in Canada has a bit of an image problem. |
| 0:38.6 | Its name is proving as toxic as the fireproofing material that was once mined there. |
| 0:43.5 | So, residents are meeting today to vote on whether to change it. |
| 0:57.0 | But first... Today in France, demonstrators are gathering to protest against President Emmanuel Macron's proposed pension reforms. |
| 1:08.1 | Among others, railway workers, teachers, and hospital staff are all walking out |
| 1:12.6 | in the latest in a wave of strikes and demonstrations that began in early December. |
| 1:19.6 | Mr. Macron wants to bring the country's sprawling system of 42 different regimes into one-point-based plan. |
| 1:26.6 | Protesters have denounced the scheme, saying that workers, especially in the public sector, |
| 1:31.7 | would lose out. |
| 1:34.6 | If the currently proposed system passes in the way it's laid out, it will be a social catastrophe. |
| 1:39.5 | Already the previous reforms are seeing people retire with measly pensions. |
| 1:45.1 | French presidents have tried before to change the monstrously complex and generous system, |
| 1:50.8 | but in the face of massive protests, they only managed tweaks. |
| 1:54.9 | Pensions became a symbol of an apparently unreformable France. |
| 1:58.9 | In his New Year address, Mr. Macron promised not to back down, |
| 2:02.9 | saying abandoning the reform would be a betrayal of our children |
... |
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