Cannes Mayor Criticizes French Pension Reforms and Calls for System Overhaul
In a recent interview, David Lisnard, the Mayor of Cannes, expressed strong concerns over the French pension system, emphasizing the inadequacies of the upcoming retirement benefits increase tied to inflation starting January 2025. Highlighting a significant demographic shift, Lisnard argued for mandatory capitalization, warning that the pension system is unsustainable and has greatly contributed to national debt. He likened efforts to reform the current system to ‘patching up the Titanic,’ stressing the need for comprehensive changes to avoid burdening future generations.