Before I jump on my high horse about lazy latin Europeans, I'd like to find out if there is a difference in what "Retirement Age" means in France, Greece and Italy, and the rest of the industrialised world.
A quick search found this report from the OECD comparing retirement ages across countries (open the first link to the Excel file for the comparison report).
I am concerned with the offical retirement age here, don't care about the average effective age that they're calculating.
The official age in certain countries like France, Belgium, Italy and others is 5 or so years below the other countries, which are mostly 65. Is there a reason for this, do they have different entitlements? Or is it a simple comparison?
I'm not sure what to make of the footnotes, what portion of the population does (b) refer to?
"(a)...The official age corresponds to the age at which a pension can be received irrespective of whether a worker has a long insurance record of years of contributions
b) For Belgium and France, workers can retire at age 60 with 40 years of contributions; for Greece, at age 58 with 35 years of contributions; and for Italy, at 57 (56 for manual workers) with 35 years of contributions."
I am appalled that the French are striking over raising the retirement age from 60 to 62 when Europe is so debt laden at the moment, and I am curious that there is more to the story.