Frexit: Expert fires warning about leaving euro
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Generation Frexit campaigners have lashed out after French daily Le Tribune published an article investigating the roots of France’s unemployment “scourge”. The newspaper failed to mention France’s membership to the EU and the introduction of the euro as one of the reasons for France’s economic collapse since the 1970s.
The move infuriated the eurosceptic group in France as it hopes France will soon follow the UK outside of the bloc.
They blasted: “The choice of unemployment is the “choice” of the EU.
“It is the ‘choice’ of the euro.
“It is the ‘choice’ of internal devaluation.
“It is the ‘choice’ of ultra-competition.
“It is the ‘choice’ to no longer be able to protect ourselves, nor to decide.
“Let’s take back control. Frexit.”
Brussels had already come under attack from the anti-EU campaigners recently after suggesting the retirement age in France should increase to 67 years old.
In the latest report published by the European Commission, the bloc suggests that as the life expectancy of European citizens increases year on year, the retirement age will eventually reach 67 for men in France, 71 in Italy and up to a staggering 74 in Denmark.
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The report sparked the fury of eurosceptics in France calling for their country to leave the EU as soon as possible.
Leader of Les Patriotes, Florian Philippot, said: “Page 58 of this report published in May by the European Commission, the postponement to 67 years is requested of the retirement age in France.
“And even 70 years in Italy!
“The EU is that!
“And it will never be anything other than a machine to destroy peoples! Frexit quickly!”
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Echoing his concerns, Generation Frexit leader Charles-Henri Gallois tweeted a list of EU countries with the Commission’s prediction for their respective retirement age in 2070, adding: “Social Europe according to the EU!
“Do you want more?”
The report reads: “By 2070, the average age at which people exit the labour market in the EU would increase by 1.6 years for men and by 1.8 years for women.
“This is due to legislated increases in the retirement age to specific levels or to the fact that countries have introduced a link between retirement ages and life expectancy in their pension system.
“The estimated duration of retirement in the EU shows that current pension legislation entails about four additional years of retirement by 2070.
“Not surprisingly, in those member states that have legislated a link to life expectancy, the duration of retirement increases less.
“For people retiring in 2070, retirement would last roughly 2 years less in these countries than the EU average.”
Reacting to the report, French citizens took to Twitter to express their outrage.
One Twitter user said: “What is the life expectancy for someone who works until the age of 74? These people are crazy.”
And another: “Those who pass this law have never worked hard jobs and do not pay taxes. Because they manage to tax even the morning coffee bill.”
Someone else said: “Quickly get out of Europe.”
The report was prepared as part of the mandate the Economic and Financial Affairs (ECOFIN) Council gave to the Economic Policy Committee (EPC) in 2018 to update and further deepen its common exercise of age-related expenditure projections, on the basis of a new population projection by Eurostat.
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