Reuters
—
French President Emmanuel Macron’s authorities will try and revive his financial reform drive and rating a serious political victory this week with a launch of the pension system’s overhaul within the face of vehement commerce union opposition.
Prime Minister Elisabeth Borne is to element on Tuesday plans to make the French work longer, most definitely by elevating the retirement age to 64 or 65 from 62 at the moment.
With one of many lowest retirement ages within the industrialized world, France additionally spends greater than most different nations on pensions at almost 14% of financial output, in keeping with the Organisation for Economic Cooperation and Development.
The reform’s passage by means of parliament won’t be simple. Macron lacks a working majority and might want to win over a number of dozen conservative lawmakers or use his constitutional powers to bypass the meeting, which might enrage the…
2023-01-08 07:36:41 Emmanuel Macron presses forward with pension reform as French discontent swells
Post from www.cnn.com