Sarkozy lifts retirement age to 62; Raises top-rate income tax

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FRANCE - French President Nicolas Sarkozy's government said it will raise the retirement age to 62 and increase taxes on capital, seeking to stem losses in the pension system and safeguard the nation's top credit rating.

The retirement age will rise to 62 by 2018 from 60, Labor Minister Eric Woerth said today. The government will increase taxes on stock options, dividends and capital gains, and will raise the top i...

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