As a debt-ridden France struggles to preserve the cherished welfare state system for which it can no longer pay, the fraught issue of how to tackle its pensions system, which will fall more than €20bn in the red by 2020, has left the government with difficult choices. Hollande is walking a tightrope to reduce the public deficit while not infuriating his electoral base, with some MPs in his own Socialist party nervous about the reform.
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