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Protests Burn Lyon Tourism Office During Cost-of-Living Demo

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Story summary
  • Protesters set fire to Lyon’s tourism office during an Oct. 17 cost-of-living demonstration.
  • Unrest spread to government buildings and stores, using education protests as a pretext.
  • French state pension spending equals 13.4 % of GDP, above Germany’s 10.8 % and Canada’s 5.9 %.
  • President Emmanuel Macron’s 2023 proposal to raise the retirement age was suspended after legislative gridlock.
  • The article argues France’s pay-as-you-go system limits fiscal flexibility, risking a sovereign debt crisis.