November 2007 strikes in France retire with full pension benefits after 37.5 years rather than 40 years. The Sarkozy administration claims the current pension system allows some public sector workers to retire as early as age 50. The government calculated the cost of these early-retirement benefits at $7 billion a year. President Nicolas Sarkozy felt that his victory in the 2007 presidential election gave him a mandate to carry out labour reforms, stating "I said before I was elected what I would do," and "we will do these reforms because they have to be done." He declared the strikes a test of political will. "I
Early modern France IV made Paris his primary residence (promoting a major building boom in private mansions), but Louis XIV once again withdrew from the city in the last decades of his reign and Versailles became the primary seat of the French monarchy for much of the following century. The administrative and legal system in France in this period is generally called the Ancien Régime. The Black Death had killed an estimated one-third of the population of France from its appearance in 1348. The concurrent Hundred Years' War slowed recovery. It would be the early 16th century before the population recovered to mid-14th-century