The German Pension Insurance has raised concerns over significant cuts to federal subsidies, warning that contributors will bear the financial burden. The federal government plans to eliminate up to ten billion euros in subsidies by 2027, leading to higher contribution rates. This decision follows a series of cuts over the past three years, raising alarms about the sustainability of the pension system and the reliability of government commitments.
In a parallel development, the National Rally in France is set to debate a bill aimed at repealing the controversial pension reform enacted in 2023. This reform, which faced significant opposition, may see newfound support from the left, potentially altering the political landscape in the upcoming legislative elections.
