It’s not only Greece and the rest of the “pigs” but also France facing the deficit problem. In an effort to balance their pension fund which now is 32 billion in the red France has suggested extending the retirement age from 60 to 62 to pickup the short fall by 2018. As with Greece this is proving to be a hard sell. Old French habits die hard.
With Americans living longer could this be part of a bigger solution to Social Security and the looming deficit.