Zürcher Nachrichten - Macron government lays out reform timeline amid strike

EUR -
AED 4.062609
AFN 78.580856
ALL 99.305478
AMD 428.144301
ANG 1.980089
AOA 1013.715036
ARS 1189.872276
AUD 1.849315
AWG 1.992302
AZN 1.879415
BAM 1.963792
BBD 2.215446
BDT 133.312525
BGN 1.955746
BHD 0.416902
BIF 3261.532027
BMD 1.106066
BND 1.482138
BOB 7.581889
BRL 6.653765
BSD 1.09718
BTN 94.579041
BWP 15.487237
BYN 3.590729
BYR 21678.897916
BZD 2.203999
CAD 1.57266
CDF 3176.622177
CHF 0.932425
CLF 0.028861
CLP 1107.537206
CNY 8.117757
CNH 8.166258
COP 4893.513475
CRC 563.300031
CUC 1.106066
CUP 29.310755
CVE 110.716068
CZK 25.202812
DJF 195.387795
DKK 7.466345
DOP 68.831047
DZD 147.386625
EGP 56.704142
ERN 16.590993
ETB 144.677886
FJD 2.587365
FKP 0.869012
GBP 0.861819
GEL 3.047236
GGP 0.869012
GHS 17.007289
GIP 0.869012
GMD 79.081132
GNF 9495.772543
GTQ 8.4624
GYD 229.55523
HKD 8.581459
HNL 28.073374
HRK 7.535298
HTG 143.574938
HUF 409.069738
IDR 18736.92768
ILS 4.205923
IMP 0.869012
INR 95.679267
IQD 1437.368975
IRR 46579.216379
ISK 144.916745
JEP 0.869012
JMD 173.264329
JOD 0.784088
JPY 160.736301
KES 143.238039
KGS 96.290914
KHR 4390.888904
KMF 497.173773
KPW 995.433582
KRW 1638.57629
KWD 0.340292
KYD 0.914325
KZT 568.335453
LAK 23767.832436
LBP 98310.928179
LKR 328.066575
LRD 219.439056
LSL 21.369361
LTL 3.265926
LVL 0.669049
LYD 6.101915
MAD 10.485519
MDL 19.481369
MGA 5135.900938
MKD 61.77663
MMK 2322.058566
MNT 3882.035947
MOP 8.781255
MRU 43.436357
MUR 49.658792
MVR 17.044517
MWK 1902.542541
MXN 23.114356
MYR 4.974534
MZN 70.675707
NAD 21.369361
NGN 1720.463887
NIO 40.375223
NOK 12.018593
NPR 151.329901
NZD 1.995404
OMR 0.42579
PAB 1.09718
PEN 4.076545
PGK 4.530499
PHP 63.593825
PKR 307.992476
PLN 4.29521
PYG 8796.919028
QAR 3.999595
RON 4.977075
RSD 117.162266
RUB 94.966082
RWF 1553.428818
SAR 4.153289
SBD 9.20607
SCR 15.86668
SDG 664.19183
SEK 10.976419
SGD 1.493023
SHP 0.869194
SLE 25.173987
SLL 23193.656802
SOS 627.048989
SRD 40.76185
STD 22893.337619
SVC 9.601116
SYP 14380.584164
SZL 21.355196
THB 38.450731
TJS 11.920998
TMT 3.882292
TND 3.38228
TOP 2.590518
TRY 42.036604
TTD 7.441317
TWD 36.559361
TZS 2940.748067
UAH 45.196732
UGX 4072.592132
USD 1.106066
UYU 46.67912
UZS 14227.284901
VES 81.03697
VND 28774.312718
VUV 138.324035
WST 3.14478
XAF 658.640364
XAG 0.036895
XAU 0.000366
XCD 2.989199
XDR 0.819134
XOF 658.646343
XPF 119.331742
YER 271.400984
ZAR 21.889217
ZMK 9955.9169
ZMW 30.584882
ZWL 356.152872
  • RIO

    -2.2400

    52.32

    -4.28%

  • RBGPF

    60.2700

    60.27

    +100%

  • CMSC

    0.0400

    22.21

    +0.18%

  • CMSD

    -0.1000

    22.38

    -0.45%

  • NGG

    -0.1600

    62.74

    -0.26%

  • BTI

    0.1200

    39.55

    +0.3%

  • GSK

    -0.7100

    34.13

    -2.08%

  • SCS

    -0.4600

    9.74

    -4.72%

  • BCC

    -1.9600

    89.93

    -2.18%

  • BP

    -1.0600

    26.11

    -4.06%

  • JRI

    0.2100

    11.47

    +1.83%

  • AZN

    -0.8900

    64.9

    -1.37%

  • RYCEF

    -0.0200

    8.36

    -0.24%

  • RELX

    -0.2200

    45.31

    -0.49%

  • VOD

    -0.1600

    8.19

    -1.95%

  • BCE

    -1.2100

    20.87

    -5.8%

Macron government lays out reform timeline amid strike

Macron government lays out reform timeline amid strike

The French government vowed on Thursday to push through pension reform by the end of the winter despite fierce opposition from unions whose first major day of strikes failed to have much impact.

Text size:

A nationwide day of stoppages called 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 are gearing up for a months-long battle over efforts to raise the pension age.

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.

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 known to be in a rush to push through the changes, Macron's Prime Minister Elisabeth Borne announced Thursday that the government would spend another few months in consultations.

"There are important questions we want to open talks about" with other political parties, unions and employers' groups, Borne told AFP.

"We're starting from the assumption that we'll be able to hold a dialogue," she added.

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.

"If the president insists on declaring a social war on the people, we will respond with all the means at our disposal," the parliamentary leader of the hard-left France Unbowed (LFI) party, Mathilde Panot, warned on Wednesday.

Labour Minister Olivier Dussopt said that the 44-year-old head of state would not hesitate to call fresh elections if opposition parties voted down the government over the reform.

"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 party might still be persuaded, observers say.

- 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 was expected to draw 3,000-6,000 people in Paris on Thursday afternoon, according to a police source.

Around 4,300 people marched in the southern city of Marseille.

The strikes and demonstrations were small by historic French standards and even the last round of protests against pension reform in 2019.

Hundreds of thousands marched in 2019 and a four-week strike on Paris transport crippled the metro system in what was the longest stoppage in decades.

"I don't know anyone who wants to work for longer, but I don't know anyone who thinks they are not going to work for longer," a minister close to the president told AFP last week on condition of anonymity.

"Maybe I'm mistaken, but I'm not sure that the turnout will be as large as the unions and LFI are hoping for," the minister said of Thursday's day of action.

burs-adp/sjw/imm

A.Senn--NZN