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French prime minister backs suspending unpopular pension reform law

French prime minister backs suspending unpopular pension reform law

Summary

Prime Minister Sebastien Lecornu of France supports pausing a pension reform that raises the retirement age from 62 to 64 until after the 2027 presidential election. This decision comes amid political unrest, protests, and no-confidence motions in parliament. The French government is also facing financial challenges as it tries to pass an austerity budget.

Key Facts

  • The pension reform law in France would raise the retirement age from 62 to 64.
  • Prime Minister Sebastien Lecornu plans to propose suspending this reform until 2028.
  • France has experienced widespread protests against the reform and other government measures.
  • President Emmanuel Macron initially signed the pension reform into law as part of his economic policy.
  • Lecornu faces two upcoming no-confidence votes from opposition parties.
  • France's debt level is high, and the government is working to pass an austerity budget.
  • Suspending the pension reform could cost France up to 1.8 billion euros by 2027.
  • Political instability in France continues, with ongoing protests and tense parliamentary debates.

Source Information