France protects its most modest retirees better than Germany, but it finances its generous retirement system on credit
The French State devotes 12.8% of its GDP to old-age spending, compared to 10.4% in Germany. And it does so on a narrower active base, which explains its significant public debt, estimates economist Pierre-André Buigues, in an article in Le Monde.
We haven't written up this one. Le Monde Economie has the full story — the link below goes straight to it.
