In May 2022, the CEO of BlackRock declared that “the Russian invasion of Ukraine has put an end to the globalisation we have experienced over the last three decades”. He undoubtedly has a point. The war in Ukraine has brought to a head the conflicts that have been brewing between the major powers for some time.

On 10 January, the French government will reveal the details of its draft law on pensions. We already know the main measure that has been proposed: the postponement of the retirement age by four months, each year, to reach 64 or 65 years of age (against the retirement age of 62 today) in 2027 or 2031. In addition, the increase in the length of contributions required for a full pension could be raised to 43 years (from 42 today) before the planned deadline of 2035. There is no doubt that these policies will be opposed.