Even after the reforms of teachers' pensions take effect in September, this will still be the case for retirements on health grounds, though teachers will no longer be able to accept an ill-health pension one day and beback teaching on a short-term contract the next.
Banque de France Governor Christian Noyer said at the weekend that predictions that fiscal tightening would cause European growth to tip over the edge have been proved to be ill-judged and outweighed by the rise of private sector confidence lifting the economy back to a healthy growth rate.