Berliner Boersenzeitung - Protests rock France after Macron rams through pension reform

EUR -
AED 4.306648
AFN 74.461506
ALL 95.497331
AMD 434.727564
ANG 2.098581
AOA 1076.325242
ARS 1633.705651
AUD 1.629932
AWG 2.110441
AZN 1.990101
BAM 1.957665
BBD 2.361982
BDT 143.891226
BGN 1.955795
BHD 0.442753
BIF 3488.090018
BMD 1.172467
BND 1.495947
BOB 8.103309
BRL 5.811567
BSD 1.172733
BTN 111.245814
BWP 15.937342
BYN 3.309322
BYR 22980.357766
BZD 2.358569
CAD 1.592545
CDF 2720.123559
CHF 0.917415
CLF 0.02684
CLP 1056.358057
CNY 8.005782
CNH 8.013679
COP 4287.278858
CRC 533.162614
CUC 1.172467
CUP 31.070382
CVE 110.789427
CZK 24.393209
DJF 208.370507
DKK 7.473365
DOP 69.643298
DZD 155.256906
EGP 62.917406
ERN 17.587008
ETB 184.077179
FJD 2.570166
FKP 0.869145
GBP 0.862578
GEL 3.148075
GGP 0.869145
GHS 13.12576
GIP 0.869145
GMD 86.187315
GNF 10291.333984
GTQ 8.959416
GYD 245.34157
HKD 9.184821
HNL 31.211402
HRK 7.535213
HTG 153.622108
HUF 364.437404
IDR 20329.409352
ILS 3.461651
IMP 0.869145
INR 111.20172
IQD 1535.932075
IRR 1541794.411352
ISK 143.814764
JEP 0.869145
JMD 183.755098
JOD 0.831328
JPY 184.403258
KES 151.459625
KGS 102.497669
KHR 4704.52686
KMF 492.436504
KPW 1055.045445
KRW 1730.93099
KWD 0.360288
KYD 0.977302
KZT 543.190145
LAK 25767.909322
LBP 104994.441056
LKR 374.803909
LRD 215.558395
LSL 19.533573
LTL 3.461991
LVL 0.709214
LYD 7.451067
MAD 10.826546
MDL 20.205719
MGA 4871.6014
MKD 61.59416
MMK 2461.808933
MNT 4195.204721
MOP 9.462803
MRU 46.886726
MUR 55.153169
MVR 18.120435
MWK 2041.877336
MXN 20.490034
MYR 4.655275
MZN 74.92656
NAD 19.533194
NGN 1612.447343
NIO 43.052703
NOK 10.877037
NPR 177.984744
NZD 1.989308
OMR 0.450813
PAB 1.172702
PEN 4.112661
PGK 5.089029
PHP 72.001174
PKR 326.825224
PLN 4.256425
PYG 7212.580237
QAR 4.272177
RON 5.200595
RSD 117.336986
RUB 87.940393
RWF 1714.147095
SAR 4.397022
SBD 9.4367
SCR 17.147353
SDG 704.074903
SEK 10.841042
SGD 1.493483
SHP 0.875365
SLE 28.87203
SLL 24586.047146
SOS 670.069188
SRD 43.918305
STD 24267.70452
STN 24.856305
SVC 10.261785
SYP 129.726557
SZL 19.533492
THB 38.16148
TJS 10.999879
TMT 4.109498
TND 3.379065
TOP 2.82302
TRY 52.971245
TTD 7.960332
TWD 37.040569
TZS 3054.277308
UAH 51.529156
UGX 4409.634413
USD 1.172467
UYU 46.769153
UZS 13996.395816
VES 572.885541
VND 30901.546392
VUV 138.944777
WST 3.179952
XAF 656.6303
XAG 0.01589
XAU 0.000255
XCD 3.168652
XCG 2.113548
XDR 0.818052
XOF 657.166456
XPF 119.331742
YER 279.809895
ZAR 19.580438
ZMK 10553.630303
ZMW 21.900456
ZWL 377.533971
  • RBGPF

    -1.1500

    62.6

    -1.84%

  • CMSC

    0.0000

    22.82

    0%

  • CMSD

    0.0700

    23.13

    +0.3%

  • BTI

    1.3500

    58.8

    +2.3%

  • GSK

    0.9100

    52.31

    +1.74%

  • NGG

    3.5600

    89.54

    +3.98%

  • BCE

    0.5200

    23.78

    +2.19%

  • RELX

    0.7900

    36.59

    +2.16%

  • RIO

    3.9900

    100.48

    +3.97%

  • RYCEF

    0.9000

    15.8

    +5.7%

  • AZN

    2.1700

    187.37

    +1.16%

  • BCC

    0.2700

    79.27

    +0.34%

  • BP

    0.5800

    47.38

    +1.22%

  • JRI

    0.2500

    12.99

    +1.92%

  • VOD

    0.4600

    15.8

    +2.91%

Protests rock France after Macron rams through pension reform
Protests rock France after Macron rams through pension reform / Photo: Alain JOCARD - AFP

Protests rock France after Macron rams through pension reform

French President Emmanuel Macron's government on Thursday rammed a controversial pension reform through parliament without a vote, sparking angry protests in Paris and other cities as well as tumult in the legislature.

Text size:

The move to use a special constitutional power enabling the government to pass legislation without a vote amounted to an admission that the government lacked a majority to hike the retirement age from 62 to 64.

The Senate had adopted the bill earlier Thursday, but reluctance by right-wing opposition MPs in the National Assembly to side with Macron meant the government faced defeat in the lower house.

"We can't take the risk of seeing 175 hours of parliamentary debate come to nothing," Prime Minister Elisabeth Borne told MPs as she announced the move amid jeers and boos from opposition MPs who also sang the national anthem.

A crowd of thousands gathered in front of the parliament in the historic Place de la Concorde in central Paris, watched over by riot police.

"I'm outraged by what's happening. I feel like I'm being cheated as a citizen," said Laure Cartelier, a 55-year-old schoolteacher who had come to express her outrage. "In a democracy, it should have happened through a vote."

At around 8:00 pm (1900 GMT), police used tear gas and water cannon to clear protesters away after a fire was lit in the centre of the square, close to an Egyptian obelisk that has stood there for close to 200 years.

Some 120 people were arrested on suspicion of seeking to cause damage, Paris police said.

Even after the rally was dispersed, some protesters created fires and caused damage to shop fronts in side streets, AFP reporters said.

Several stores were looted during protests in the southern city of Marseille while clashes between protesters and security forces also erupted in the western cities of Nantes and Rennes as well as Lyon in the southeast, AFP correspondents said.

- 'Total failure' -

Trade unions and political analysts had warned that adopting the legislation without a vote -- by invoking article 49.3 of the constitution -- risked radicalising opponents and would undercut the law's democratic legitimacy.

"It's a total failure for the government," far-right leader Marine Le Pen told reporters. "From the beginning the government fooled itself into thinking it had a majority."

According to polls two-thirds of French people oppose the pension overhaul.

"When a president has no majority in the country, no majority in the National Assembly, he must withdraw his bill," added Socialist Party chief Olivier Faure.

Some opposition parties including Le Pen's are set to call a no-confidence vote in the centrist government on Friday, but Borne's cabinet is expected to survive, thanks to backing from the right-wing Republicans party.

Unions immediately called for another day of mass strikes and protests for next Thursday, calling the government's move "a complete denial of democracy".

Antoine Bristielle, a public opinion expert at the Fondation Jean-Jaures think-tank, told AFP that enacting such an important law without a parliament vote risked further antagonising the country and deepening anti-Macron sentiment.

Opinion polls showed that roughly eight out of 10 people opposed legislating in this way, while a growing number of people were losing faith in French democracy, he said.

- Trash set on fire -

After trying and failing to push through a pension reform during his first term, Macron returned to the issue while campaigning for re-election last April.

But he lost his parliamentary majority in June after elections for the National Assembly.

Despite the day of high drama, Macron made no public comment on the matter Thursday.

"You cannot play with the future of the country," he told a closed-door cabinet meeting Thursday morning as he justified the move, according to a participant.

Trains, schools, public services and ports have been affected by strikes since January amid some of the biggest protests in decades.

A rolling strike by municipal garbage collectors in Paris has also seen around 7,000 tonnes of uncollected trash pile up in the streets, attracting rats and dismaying tourists.

Images showed that protesters in Paris and other cities took advantage of the situation to set fire to the uncollected trash.

The head of the CGT union, Philippe Martinez, warned this week that Macron risked "giving the keys" of the presidency to Le Pen at the next election in 2027, when Macron will not be allowed to seek a third term under the French constitution.

burs-adp-sjw/imm

(L.Kaufmann--BBZ)