CGT leader Bernard Thibault, said in an interview with the Financial Times: “the pact is negative for workers and counter-productive for economic growth. It has made labour costs the mechanism for exiting the crisis. The systems of social protection are not the origin of the international financial crisis – it is totally illusory to think that increasing social vulnerability will facilitate recovery.”
A BBC report back in February highlighted the ending of pay indexation to inflation and an increase in the age of retirement as key targets of the Eurozone's resurgent right wing political elite:
http://www.bbc.co.uk/news/world-europe-12368401