Berliner Boersenzeitung - Macron's camp defends backtrack on French pension reform

EUR -
AED 4.080678
AFN 76.67633
ALL 99.084024
AMD 430.547845
ANG 2.003488
AOA 1035.986529
ARS 1072.370092
AUD 1.622155
AWG 2.002544
AZN 1.890673
BAM 1.956472
BBD 2.244601
BDT 132.845617
BGN 1.954492
BHD 0.418742
BIF 3222.835689
BMD 1.110981
BND 1.435606
BOB 7.698644
BRL 6.152284
BSD 1.111682
BTN 92.868626
BWP 14.637026
BYN 3.637549
BYR 21775.237333
BZD 2.2408
CAD 1.502075
CDF 3188.5166
CHF 0.940491
CLF 0.037155
CLP 1025.224793
CNY 7.838418
CNH 7.835925
COP 4623.627243
CRC 576.497962
CUC 1.110981
CUP 29.44101
CVE 110.302877
CZK 25.139244
DJF 197.96065
DKK 7.458263
DOP 66.792936
DZD 147.285599
EGP 54.060913
ERN 16.664722
ETB 132.530709
FJD 2.467263
FKP 0.846078
GBP 0.832131
GEL 3.016291
GGP 0.846078
GHS 17.487005
GIP 0.846078
GMD 76.65806
GNF 9604.38447
GTQ 8.59903
GYD 232.579865
HKD 8.652318
HNL 27.599477
HRK 7.553575
HTG 146.511629
HUF 394.820406
IDR 16860.310742
ILS 4.206698
IMP 0.846078
INR 92.788897
IQD 1456.313187
IRR 46763.987035
ISK 151.71531
JEP 0.846078
JMD 174.659976
JOD 0.787351
JPY 159.531392
KES 143.405502
KGS 93.600247
KHR 4516.591593
KMF 490.331859
KPW 999.882717
KRW 1481.888207
KWD 0.338905
KYD 0.926426
KZT 534.528361
LAK 24547.429268
LBP 99551.084548
LKR 338.649336
LRD 222.338349
LSL 19.33614
LTL 3.28044
LVL 0.672021
LYD 5.278884
MAD 10.771299
MDL 19.382656
MGA 5048.73367
MKD 61.55586
MMK 3608.424564
MNT 3775.115076
MOP 8.915442
MRU 44.023117
MUR 50.793914
MVR 17.065084
MWK 1927.661934
MXN 21.572384
MYR 4.640019
MZN 70.935892
NAD 19.336314
NGN 1795.401857
NIO 40.914418
NOK 11.638914
NPR 148.588023
NZD 1.771985
OMR 0.427675
PAB 1.111682
PEN 4.178735
PGK 4.415516
PHP 62.193301
PKR 308.936385
PLN 4.272505
PYG 8653.088188
QAR 4.050891
RON 4.975862
RSD 117.088538
RUB 101.622969
RWF 1500.11512
SAR 4.168282
SBD 9.220398
SCR 15.314904
SDG 668.259091
SEK 11.325357
SGD 1.434116
SHP 0.846078
SLE 25.382931
SLL 23296.72078
SOS 635.31816
SRD 33.813275
STD 22995.073917
SVC 9.727428
SYP 2791.374269
SZL 19.327637
THB 36.631266
TJS 11.817264
TMT 3.888435
TND 3.371658
TOP 2.602033
TRY 37.951483
TTD 7.558664
TWD 35.582851
TZS 3032.979372
UAH 46.030306
UGX 4112.412149
USD 1.110981
UYU 46.266304
UZS 14151.859565
VEF 4024588.83623
VES 40.847215
VND 27377.36153
VUV 131.897955
WST 3.107929
XAF 656.182324
XAG 0.035835
XAU 0.000422
XCD 3.002483
XDR 0.822382
XOF 656.191187
XPF 119.331742
YER 278.106439
ZAR 19.24826
ZMK 10000.179125
ZMW 29.487524
ZWL 357.735589
  • RBGPF

    62.3600

    62.36

    +100%

  • CMSD

    -0.0150

    25.005

    -0.06%

  • JRI

    -0.0200

    13.3

    -0.15%

  • SCS

    0.0900

    13.01

    +0.69%

  • CMSC

    -0.0800

    25.07

    -0.32%

  • NGG

    0.9300

    70.48

    +1.32%

  • BCC

    4.1500

    141.65

    +2.93%

  • BCE

    0.0600

    35.1

    +0.17%

  • RIO

    1.0100

    64.58

    +1.56%

  • RELX

    0.8700

    48.86

    +1.78%

  • GSK

    0.0600

    40.86

    +0.15%

  • AZN

    -1.2400

    77.14

    -1.61%

  • VOD

    0.1000

    10.11

    +0.99%

  • BTI

    0.4600

    37.9

    +1.21%

  • BP

    0.2200

    32.86

    +0.67%

  • RYCEF

    0.0200

    7.08

    +0.28%

Macron's camp defends backtrack on French pension reform
Macron's camp defends backtrack on French pension reform / Photo: BENOIT TESSIER - POOL/AFP

Macron's camp defends backtrack on French pension reform

President Emmanuel Macron's allies scrambled on Tuesday to defend his willingness to soften a pensions overhaul in the face of widespread resistance, a move which his far-right rival Marine Le Pen denounced as a "ploy" in the final sprint to the presidential run-off.

Text size:

Macron, a centrist who tried to overhaul France's byzantine pensions system two years ago, said after meeting voters in northern France on Monday that he might only seek to push back the retirement age from 62 to 64 -- instead of 65 as long promised.

"I'm ready to shift... and say that we won't necessarily make this reform all the way (to 65) if I sense that people are too anxious," he said.

Critics pounced on an alleged bid to woo left-wing voters, who Macron may need to rely on in a tight race against Le Pen.

She has promised a "social justice" campaign that would leave the retirement age at 62 -- and even lower it to 60 for people who began working before the age of 20.

"The French are very smart. Everyone knows this is a ploy by Emmanuel Macron to try to win over, or at least mollify, left-wing voters," Le Pen told France Inter radio on Tuesday.

"The reality is, retirement at 65 is his obsession. It's all he has ever talked about," she claimed.

Since sweeping to power in 2017, Macron has said an overhaul is necessary to keep the pay-as-you-go system financially viable. But a series of massive strikes and then the Covid-19 pandemic forced him to put the plan on ice in 2020.

His ministers defended the age shift, with Finance Minister Bruno Le Maire saying it was better to seek a "compromise" with opponents of pension reform than to revive a conflict that Macron has said could be put to a national referendum.

"We know that it's hard to convince the French," Le Maire told CNews television, while insisting Macron would seek a pensions reform "that is fair and durable".

Interior Minister Gerald Darmanin said Macron was simply being "pragmatic".

"It's called listening to people," he told FranceInfo radio.

- Sarkozy speaks -

Meanwhile on Tuesday, Macron received a weighty right-wing endorsement from former president Nicolas Sarkozy, who broke months of campaign silence to say he would vote for the incumbent in the April 24 run-off.

"We must abandon our partisan habits... Fidelity to right-wing republican values and our governing culture must lead us to answer Emmanuel Macron's call for unity," Sarkozy posted on his Facebook page.

The statement came just days after the candidate from Sarkozy's own conservative Republicans party -- whom he had refused to support publicly -- was eliminated in the first round of the election.

Pecresse, who was budget minister in Sarkozy's government, had made several attempts to secure her former boss's blessing but to no avail. Media reports claimed Sarkozy was unimpressed by her campaigning.

On the left, former Socialist prime minister Lionel Jospin -- whose presidential hopes were smashed in 2002 when he was knocked out of the running by Le Pen's father, Jean-Marie Le Pen -- said he would vote for Macron too.

The president also obtained the backing of the popular former mayor of Paris, Socialist Bertrand Delanoe, whose his former protege and current Paris mayor Anne Hidalgo suffered a humiliating rout in the first-round presidential vote on Sunday.

"I don't idolise Emmanuel Macron," Delanoe told France Inter radio. But he accused Le Pen of harbouring views as anti-immigrant and xenophobic as those of extremist media pundit Eric Zemmour, who was also eliminated from the running on Sunday.

"Le Pen thinks quietly what Eric Zemmour says out loud," Delanoe said.

(O.Joost--BBZ)