Link: https://www.ft.com/content/cf3eff53-2dfb-4530-a756-1e1361990d7d
Excerpt:
French president Emmanuel Macron has decided against pushing through a rise in the retirement age to 65 in a budget bill, backing off an idea that had angered labour unions and divided his centrist alliance.
The move signals how Macron has been forced to contend with a stronger opposition in his second term after his party lost its majority in parliament in June.
….
Prime Minister Élisabeth Borne told Agence France-Presse on Thursday that the government would start negotiations with labour unions, employers and other political parties with a view to passing a law over the coming months.
The government still wants to raise the retirement age from 62 at present to 65, one of Macron’s campaign promises that he sees as key to fixing France’s public finances.
Author(s): Leila Abboud
Publication Date: 29 Sept 2022
Publication Site: Financial Times