Tuesday, October 14, 2025
25.1 C
New Delhi

French PM backs suspending Macron’s pension reform in bid to save government

French Prime Minister Sébastien Lecornu has told parliament he backs suspending controversial 2023 pension reforms, in the face of crucial votes of no-confidence later this week.

The changes, which raised the retirement age from 62 to 64, were seen as signature reforms in Emmanuel Macron’s presidency.

“This autumn I will propose to parliament that we suspend the 2023 pension reform until the [2027] presidential election,” Lecornu said to applause from left-wing parties.

Lecornu was reappointed prime minister last week only four days after he resigned, and needs the support of Socialist MPs in parliament if his government is to survive.

Opposition parties on the far right and far left have called confidence votes, known as “censure” votes in Lecornu, for Thursday morning and are demanding parliamentary elections.

The Socialists said they would be prepared to support the new government, but only if it promises a complete suspension of Macron’s pension changes.

“If he does not explicitly say the words ‘immediate and complete suspension of the pension reform’, it will be censure,” Socialist MP Laurent Baumel said earlier on French TV.

“He is holding his destiny in his own hands. He knows what he has do if he doesn’t want to be the prime minister who resigns every week.”

The reforms were finally pushed through parliament in March 2023, less than a year after Macron was voted in for a second presidential term.

There had been months of political debate, strikes and street protests, and in the end the bill had to go through without a vote in parliament using a constitutional mechanism known as 49:3.

Last week, Lecornu said it was something many French people remembered as a “wound on democracy” .

On Tuesday he made it plain to MPs that suspending the pension reform would cost €400m (£350m) in 2026 and a further €1.8bn (£1.57bn) in 2027. This will have to be “compensated by other savings,” Lecornu said.

Lecornu is France’s third prime minister in the past year but even if he does survive he needs to get a budget through parliament that brings down a budget deficit heading for 5.4% of economic output (GDP) this year.

France’s public debt earlier this year stood at €3.4tn, or almost 114% of GDP, the third highest in the eurozone after Greece and Italy.

Lecornu has been one of Macron’s most loyal allies, so his decision to row back on such a contested reform shows how keen the president is to avoid further turmoil.

Philippe Aghion, who was jointly awarded the 2025 Nobel economics prize on Monday, said earlier that he also backed a suspension of the pension reform, because it would still come at a smaller cost than the instability that would follow another government collapse.

Go to Source

Hot this week

‘You won’t see me in bathing suit’: Trump takes another swipe at Biden; jokes about beach photos and falls

US President Donald Trump took a swipe at Joe Biden over his beach trip and also made fun of him tripping down on stairs. Read More

Baldwin blames truck for crash; dashcam video goes VIRAL

Actors and brothers Alec Baldwin and Stephen Baldwin escaped unhurt after they rammed their car into a tree in East Hampton, New York. Read More

US expects support from India, other allied nations in trade tensions with China: Bessent

Washington, Oct 14 (PTI): Amid escalating trade tensions with China over its export restrictions on rare earth minerals, US Treasury Secretary Scott Bessent has said that Washington expects support from India and other allied nations. Read More

US Top Court Rejects Right-Wing Commentator’s Plea To Overturn $1.4 Billion Sandy Hook Judgment

The US Supreme Court rejected Alex Jones’s appeal to overturn a 1.5 billion defamation judgment for Sandy Hook hoax claims, forcing him to sell Infowars despite his objections. Read More

Michael Schumacher shows small signs of improvement 11 years after skiing accident: Report

Michael Schumacher fans may have a little hope after a report suggested small signs of improvement in the F1 legend’s health. Schumacher’s health has been a mystery since his tragic skiing accident in 2013. Read More

Topics

‘You won’t see me in bathing suit’: Trump takes another swipe at Biden; jokes about beach photos and falls

US President Donald Trump took a swipe at Joe Biden over his beach trip and also made fun of him tripping down on stairs. Read More

Baldwin blames truck for crash; dashcam video goes VIRAL

Actors and brothers Alec Baldwin and Stephen Baldwin escaped unhurt after they rammed their car into a tree in East Hampton, New York. Read More

US expects support from India, other allied nations in trade tensions with China: Bessent

Washington, Oct 14 (PTI): Amid escalating trade tensions with China over its export restrictions on rare earth minerals, US Treasury Secretary Scott Bessent has said that Washington expects support from India and other allied nations. Read More

US Top Court Rejects Right-Wing Commentator’s Plea To Overturn $1.4 Billion Sandy Hook Judgment

The US Supreme Court rejected Alex Jones’s appeal to overturn a 1.5 billion defamation judgment for Sandy Hook hoax claims, forcing him to sell Infowars despite his objections. Read More

Michael Schumacher shows small signs of improvement 11 years after skiing accident: Report

Michael Schumacher fans may have a little hope after a report suggested small signs of improvement in the F1 legend’s health. Schumacher’s health has been a mystery since his tragic skiing accident in 2013. Read More

Riyadh fashion week 2025: British icons Stella McCartney and Vivienne Westwood to headline star-studded event

Vivienne Westwood and Stella McCartney headline Riyadh Fashion Week 2025, blending global fashion with Saudi heritage in a groundbreaking showcase. Read More

Who is Ashley Tellis, Indian-origin expert in US, who came under fire for Chinese link?

Ashley Tellis, a scholar and expert, is being probed in the US for alleged link with China. Read More

US targets suspected drug-terror vessel off Venezuela; six killed in strike, Trump says — Watch

The United States has targeted a vessel, accusing it of being affiliated with a “Designated Terrorist Organization (DTO)” conducting narcotrafficking in the USSOUTHCOM area of responsibility, just off the Coast of Venezuel Read More

Related Articles