The Fort Worth Press - Last-gasp strikes seek to prevent French pension reform

USD -
AED 3.673008
AFN 64.503214
ALL 80.819685
AMD 361.405228
ANG 1.789785
AOA 917.000132
ARS 1525.743205
AUD 1.42204
AWG 1.80125
AZN 1.694926
BAM 1.741787
BBD 2.015015
BDT 123.745402
BGN 1.747831
BHD 0.377604
BIF 3000.997453
BMD 1
BND 1.278059
BOB 11.730759
BRL 5.0336
BSD 1.000472
BTN 94.559477
BWP 13.70595
BYN 2.971479
BYR 19600
BZD 2.012094
CAD 1.40468
CDF 2315.999614
CHF 0.823985
CLF 0.02484
CLP 977.639757
CNY 6.67805
CNH 6.673855
COP 3194.48
CRC 455.529135
CUC 1
CUP 24.010794
CVE 98.199695
CZK 21.58565
DJF 177.720049
DKK 6.651515
DOP 61.440772
DZD 134.600855
EGP 54.383604
ERN 15
ETB 163.87083
EUR 0.88984
FJD 2.253797
FKP 0.747587
GBP 0.74635
GEL 2.589651
GGP 0.747587
GHS 11.660299
GIP 0.747587
GMD 73.49688
GNF 8854.987666
GTQ 7.645587
GYD 209.311853
HKD 7.846885
HNL 26.857072
HRK 6.703799
HTG 131.084908
HUF 325.065498
IDR 18027.05
ILS 3.088402
IMP 0.747587
INR 94.43255
IQD 1516.6493
IRR 1832374.999738
ISK 121.269746
JEP 0.747587
JMD 158.780625
JOD 0.709015
JPY 158.134988
KES 129.859579
KGS 87.449845
KHR 4068.146802
KMF 439.503571
KPW 899.999961
KRW 1325.979763
KWD 0.31018
KYD 0.833753
KZT 446.890557
LAK 22518.390538
LBP 89591.044298
LKR 332.14739
LRD 170.580744
LSL 16.412051
LTL 2.95274
LVL 0.60489
LYD 6.419294
MAD 9.819615
MDL 17.998442
MGA 4521.489767
MKD 54.903951
MMK 2099.21541
MNT 3597.533576
MOP 8.085932
MRU 40.128421
MUR 47.319959
MVR 15.459751
MWK 1734.751129
MXN 18.645615
MYR 4.081198
MZN 63.902977
NAD 16.412051
NGN 1331.830194
NIO 36.816372
NOK 9.371645
NPR 151.295341
NZD 1.75332
OMR 0.384501
PAB 1.000481
PEN 3.438421
PGK 4.479652
PHP 63.399499
PKR 276.89823
PLN 3.87625
PYG 5756.677086
QAR 3.647261
RON 4.753003
RSD 104.53802
RUB 82.104013
RWF 1478.615162
SAR 3.748965
SBD 8.07458
SCR 13.97401
SDG 601.492558
SEK 9.878845
SGD 1.27707
SHP 0.7473
SLE 23.919966
SLL 20969.504398
SOS 571.749178
SRD 37.735499
STD 20697.981008
STN 21.819089
SVC 8.754392
SYP 13001.999685
SZL 16.418788
THB 33.570497
TJS 9.214157
TMT 3.51
TND 2.986543
TOP 2.40776
TRY 49.598465
TTD 6.792416
TWD 32.411301
TZS 2644.999678
UAH 45.047334
UGX 4207.076509
UYU 40.164934
UZS 11975.562621
VES 879.788897
VND 25856.5
VUV 119.136032
WST 2.774679
XAF 583.696876
XAG 0.017313
XAU 0.000241628771
XCD 2.70255
XCG 1.803058
XDR 0.707052
XOF 583.696876
XPF 106.20998
YER 236.101147
ZAR 16.360597
ZMK 9001.202969
ZMW 20.069287
ZWL 321.999592
SSP 5787.554334
MXV 2.10465
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Last-gasp strikes seek to prevent French pension reform
Last-gasp strikes seek to prevent French pension reform / Photo: © AFP

Last-gasp strikes seek to prevent French pension reform

France faces another day of strikes on Wednesday over highly contested pension reforms which President Emmanuel Macron appears on the verge of pushing through despite months of protests.

Text size:

As the legislation enters the final stretch in parliament, trade unions are set to make another attempt to pressure the government and lawmakers into rejecting the proposed hike in the retirement age to 64.

The last day of protests on Saturday saw a far lower turnout than in the previous rounds, while strikes from railway, refinery and public sector workers last week did not paralyse the country in the way that unions had hoped.

The most visible impact of the standoff so far has been the accumulation of rubbish in the streets of Paris, where garbage collectors and street cleaners have stopped work.

"We won't have the same level of disturbances of public transport as during previous protest days," Transport Minister Clement Beaune said on Tuesday.

The main suspense is whether Macron's minority government can muster the required number of votes in the lower parliament, where it will need the support of the opposition Republicans party (LR) in order to pass the legislation.

A joint vote from the lower National Assembly and the Senate could come as early as Thursday.

- Minority government -

Macron's flagship proposal would raise the minimum retirement age from its current level of 62 to 64, bringing France more into line with its EU neighbours, most of which have pushed back the retirement age to 65 or higher.

The law also hikes the requirements for a full pension and would abolish the retirement privileges enjoyed by some public-sector employees, such as those at the Paris Metro.

After initially claiming it was intended to make the system fairer, the government now emphasises that it is about savings and avoiding deficits in the coming decades.

In a speech to MPs on Tuesday, Prime Minister Elisabeth Borne insisted that there was a majority in parliament for the changes, appealing to LR lawmakers who have long championed pension reform.

A vote in favour was "not support for the government", she said.

"A majority exists that is not scared of reforms, even unpopular ones, when they are necessary," Borne said.

Opinion polls show that around two-thirds of French people are against the legislation.

If Borne fails to find a workable majority in the lower house, she could use a constitutional power contained in article 49.3 of the constitution, enabling her to ram the legislation through without a vote.

Analysts say this would deprive her and Macron of democratic legitimacy in the face of hostile public opinion and would also expose the government to a confidence vote, which it might lose.

Political scientist Gilles Finchelstein, the head of the Jean-Jaures Foundation, a Paris-based think tank, said using article 49.3 would be a "defeat for Borne, the government and the president".

"But in the short term, it's a false suspense. Everyone is raising the tension. But it's very unlikely that the government needs to use the 49.3 because they will have a majority," he told reporters.

S.Jordan--TFWP