The China Mail - Macron agrees pension reform timeline as protests start

USD -
AED 3.672504
AFN 65.000474
ALL 81.290987
AMD 361.508883
ANG 1.789785
AOA 918.000112
ARS 1540.742499
AUD 1.423589
AWG 1.8
AZN 1.699147
BAM 1.750964
BBD 2.018487
BDT 124.174112
BGN 1.747831
BHD 0.378161
BIF 2998.804883
BMD 1
BND 1.283118
BOB 11.881091
BRL 5.372099
BSD 1.002171
BTN 95.340582
BWP 13.824839
BYN 2.947962
BYR 19600
BZD 2.015623
CAD 1.401485
CDF 2314.999696
CHF 0.827545
CLF 0.025072
CLP 989.970249
CNY 6.66835
CNH 6.66784
COP 3151.39
CRC 456.22815
CUC 1
CUP 24.052571
CVE 98.716635
CZK 21.79375
DJF 178.464155
DKK 6.690329
DOP 61.334754
DZD 135.167012
EGP 56.270095
ERN 15
ETB 164.149508
EUR 0.895026
FJD 2.252802
FKP 0.749223
GBP 0.74955
GEL 2.592991
GGP 0.749223
GHS 11.650477
GIP 0.749223
GMD 73.999787
GNF 8869.33245
GTQ 7.660801
GYD 210.009401
HKD 7.84537
HNL 26.905998
HRK 6.744596
HTG 131.259372
HUF 328.631501
IDR 18129
ILS 3.084145
IMP 0.749223
INR 95.18625
IQD 1518.276797
IRR 1817007.497326
ISK 122.089608
JEP 0.749223
JMD 159.104745
JOD 0.709012
JPY 157.681501
KES 129.897205
KGS 87.449955
KHR 4085.853047
KMF 440.999664
KPW 899.999961
KRW 1325.579706
KWD 0.31078
KYD 0.835191
KZT 451.928844
LAK 22555.260119
LBP 89745.428501
LKR 332.999096
LRD 170.369342
LSL 16.666667
LTL 2.95274
LVL 0.60489
LYD 6.426285
MAD 9.843821
MDL 18.009114
MGA 4551.579042
MKD 55.126076
MMK 2099.77173
MNT 3599.40728
MOP 8.098551
MRU 40.299196
MUR 47.130005
MVR 15.449646
MWK 1737.818662
MXN 18.552125
MYR 4.085203
MZN 63.909832
NAD 16.666667
NGN 1339.940306
NIO 36.876055
NOK 9.31655
NPR 152.544573
NZD 1.75572
OMR 0.384503
PAB 1.002162
PEN 3.454941
PGK 4.55866
PHP 63.95597
PKR 277.328857
PLN 3.941235
PYG 5777.21077
QAR 3.663433
RON 4.785199
RSD 105.166953
RUB 80.798597
RWF 1481.736795
SAR 3.745151
SBD 8.064647
SCR 13.960067
SDG 601.503518
SEK 9.95062
SGD 1.280885
SHP 0.749344
SLE 22.950319
SLL 20969.504398
SOS 572.694718
SRD 37.691985
STD 20697.981008
STN 21.933849
SVC 8.769103
SYP 13001.999685
SZL 16.661071
THB 33.738498
TJS 9.245066
TMT 3.5
TND 2.993684
TOP 2.40776
TRY 49.789102
TTD 6.811284
TWD 32.511497
TZS 2644.999929
UAH 45.754918
UGX 4489.905546
UYU 40.188543
UZS 11994.001656
VES 859.934983
VND 25845
VUV 118.743227
WST 2.764729
XAF 587.098842
XAG 0.018681
XAU 0.000249577901
XCD 2.70255
XCG 1.806193
XDR 0.707052
XOF 587.098842
XPF 106.770519
YER 236.149689
ZAR 16.639115
ZMK 9001.200677
ZMW 20.178607
ZWL 321.999592
SSP 5745.701932
MXV 2.093065
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Macron agrees pension reform timeline as protests start

Macron agrees pension reform timeline as protests start

The French government vowed on Thursday to push through pension reform by the end of the winter despite opposition from unions which launched a first major day of strikes.

Text size:

A call for nationwide stoppages by the CGT union on Thursday -- the first since President Emmanuel Macron was re-elected in April -- caused some disruption, but was not widely followed.

Several unions, including the country's biggest, did not take part, although all of them and left-wing political parties are gearing up for a months-long fight over efforts to raise the pension age.

"It's the start of a social battle," leading left-wing MP Alexis Corbiere from the France Unbowed (LFI) party told AFP as he took part in a protest march of tens of thousands in Paris. "My hope is that this is the starting point."

Macron made raising the retirement age from its current level of 62 one of the key planks of his re-election campaign, arguing that the current system was unsustainable and too expensive.

"All the unions in France are against working up to 64 or 65 years. Because it's stupid," the head of the CGT union, Philippe Martinez, told France 2 on Thursday.

Left-wing political parties have called their own separate rallies on October 16 to demand pay rises and an end to the planned pension changes.

Though Macron is known to be in a hurry to push through legislation, Prime Minister Elisabeth Borne announced Thursday that the government would spend another few months in consultations with unions and other political parties.

"There are important questions we want to open talks about," she told AFP after talks at the presidential palace on Wednesday evening.

A bill would be voted on "before the end of the winter", she promised.

- Fresh elections? -

With deficits spiralling and public debt at historic highs, Macron views pushing back the pension age as one of the only ways the state can raise revenues without increasing taxes.

But his centrist party lost its majority in parliament in June, severely undermining his ability to make changes that are broadly unpopular.

 

"If all of the opposition comes together to adopt a vote of no-confidence and brings down the government, he (Macron) will let French people decide and say what sort of a majority they want," Dussopt told the LCI channel.

No opposition party has pledged to support the centrist minority government so far, but the conservative Republicans might still be persuaded, observers say.

"I'm not sure that there's a majority in the country for working longer, lowering unemployment benefits and freezing salaries," Corbiere said in a swipe at Macron's economic policies.

The government has raised salaries for public sector workers -- but below inflation of nearly 6.0 percent.

"We're ready," added Corbiere.

- Stoppages -

The strike on Thursday was followed by about one in ten teachers, according to the education ministry, leading to school closures in some areas.

One in three railway workers also stopped work, according to the CGT, leading to major cancellations on key routes including Paris-Bordeaux.

The biggest of around 200 protests nationwide drew up to 40,000 people in Paris, according to organisers, while around 4,000 people marched in the southern city of Marseille.

"It's a bit disappointing," said Nathalie Bourget, a teacher at the Paris march. "We were hoping for more."

The strikes and demonstrations were much smaller than in 2019 -- Macron's last attempt to reform pensions -- when hundreds of thousands marched and a four-week strike hit the Paris transport system.

Macron called off the reform several months later amid the Covid-19 pandemic.

"It's up to us to show our determination, to show that street protests still have some power," said Xavier Signac, a 48-year-old member of the UNSA union from southwest France, as he walked along with a flag in Paris.

burs-adp/lcm

V.Liu--ThChM