French pension reforms spark protests ----------------------------------------- President Emmanuel Macron hopes his highly contentious overhaul of the pension system will substantially reduce the cost of France’s current system, one of the most expensive in the world ----------------------------------------- PENSION SPENDING (cost as percentage of GDP) Greece 16.8 Italy 16.2 France 13.9 Portugal 13.3 Austria 13.3 Finland 11.4 Slovenia 11.1 Poland 11.1 Spain 11.0 Belgium 10.7 Germany 10.1 Hungary 9.2 Luxembourg 8.4 Denmark 8.1 Czech Rep 8.1 Slovakia 7.3 Sweden 7.2 Latvia 7.0 Estonia 7.0 Lithuania 6.7 Norway 6.6 Switzerland 6.5 UK 6.2 Netherlands 5.4 Ireland 3.6 Iceland 2.1 ----------------------------------------- Demonstrations against sweeping pension reforms pose biggest challenge for Macron since gilets jaunes protests began in 2018 ----------------------------------------- Source: OECD Picture: Getty Images © GRAPHIC NEWS