Retirement reforms - France

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Blaze
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Retirement reforms - France

#41 Post by Blaze »

The Sages (Constitutional Council) have upheld the raising of the pension age from 62 to 64.
However ..... there may yet be some nit picking. The Nupes are going to continue to support "mobilisations" (groan) so life could still be disrupted for ordinary citizens wishing to go about their business.

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Blaze
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Retirement reforms - France

#42 Post by Blaze »

The protests against the pension reforms are not going to go away, so the violence and criminal destruction will continue ....
https://www.bbc.com/news/world-europe-65279818

The French complain that their voting system means they end up voting for someone they don't want to prevent someone they really don't want becoming President. As a result many don't bother to vote in one way or another. About half the voting population voted in the second round. I've heard many say they'd like Melenchon as President. Did they vote for him in the first round ????? Deafening silence or a head shake.

So why aren't they clamouring for reforms in the voting system ? Not once have I read or heard of any desire to change the constitution and reform the way the President is voted in. Instead, they rail against Macron (and I bet half of them hadn't bothered to vote in the second round) and the reforms that he promised in his manifesto.

MAD87
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Retirement reforms - France

#43 Post by MAD87 »

Yes quite. I still think that for all their philosophical studies at lycée, the French (at least union leaders and politicians) are incapable of putting together a cogent argument.
The next RDV sur la rue is planned for 1 May, the one day in the year when nobody is obliged to work :lol: .

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Blaze
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Retirement reforms - France

#44 Post by Blaze »

MAD87 wrote: Sat Apr 15, 2023 9:11 am The next RDV sur la rue is planned for 1 May, the one day in the year when nobody is obliged to work
Yes, I found that rather amusing, particularly as it falls on a Monday :lol:

niemeyjt
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Retirement reforms - France

#45 Post by niemeyjt »

It seems the rating agencies are taking a dim view - France has been downgraded by Fitch. Included in the report:

Social Unrest Complicates Policy-Making: Fitch believes that social and political pressures illustrated by the protests against the pension reform will complicate fiscal consolidation. The Macron government lost its majority in the July 2022 elections and bypassed a vote in the National Assembly using constitutional powers under Article 49.3 to pass the controversial pension reform. The decision has led to nationwide protests and strikes and will likely further strengthen radical and anti-establishment forces.

Political deadlock and (sometimes violent) social movements pose a risk to Macron's reform agenda and could create pressures for a more expansionary fiscal policy or a reversal of previous reforms.


source: https://www.fitchratings.com/research/s ... 28-04-2023

Not that I expect anyone to take much notice of that . . . yet.

MAD87
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Retirement reforms - France

#46 Post by MAD87 »

Why indeed should they? The people with the most to lose in the retirement reform are public sector workers and rail employees. Both of those sectors form a large dollop of French union membership, the private secor accounting for about 8%.

The downrating is principally due to worker support over the last 3 years. Imagine what they'd be saying if allowed to lose their jobs...

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