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The Intelligence from The Economist

Will you still feed me when I’m 62? Macron’s pension fight

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K 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. I'm your host, Jason Palmer.

0:09.3

Every weekday we provide a fresh perspective on the events shaping your world.

0:14.4

Every year hundreds of thousands of people in Myanmar head to a little village to commune

0:22.4

with Guardian spirits called Nats. This bit of folk religion once sat comfortably with

0:27.9

the country's dominant Buddhist beliefs, but now the monks are cracking down on it.

0:34.0

And the town of Asbestos in Canada has a bit of an image problem. Its name is proving

0:39.7

as toxic as the fire-proofing material that was once mined there. So residents are meeting

0:44.8

today to vote on whether to change it.

0:56.0

But first, today in France demonstrators are gathering to protest against President

1:05.0

Emmanuel Macron's proposed pension reforms. Among others, railway workers, teachers, and

1:10.7

hospital staff are all walking out in the latest in a wave of strikes and demonstrations

1:15.4

that began early December.

1:20.2

Asbestos Macron wants to bring the country's sprawling system of 42 different regimes

1:25.0

into one point-based plan. Protesters have denounced the scheme, saying that workers,

1:30.2

especially in the public sector, would lose out.

1:35.0

If the currently proposed system passes in the way it's laid out, it will be a social catastrophe.

1:39.7

Already the previous reforms are seeing people retire with measly pensions. French presidents

1:46.3

have tried before to change the monstrously complex and generous system, but in the face

1:51.6

of massive protests they only managed tweaks. Pensions became a symbol of an apparently

1:57.1

unreformable France. In his new year address, Mr. Macron promised not to back down, saying

2:03.1

abandoning the reform would be a betrayal of our children and their children after them

2:08.0

who would have to pay the price for our giving up.

...

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