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
President its republican head of state, many other nations followed suit. Haiti became the first presidential republic in Latin America when Henri Christophe assumed the title in 1807. Almost all of the American nations that became independent from Spain in the early 1810s and 1820s chose a US-style president as their chief executive. The first European president was the president of the Italian Republic of 1802, a client state of revolutionary France, in the person of Napoleon Bonaparte. The first African president was the President of Liberia (1848), while the first Asian president was the President of the Republic of China