Berliner Boersenzeitung - French govt faces no-confidence vote after pensions uproar

EUR -
AED 4.127189
AFN 72.488144
ALL 90.959033
AMD 405.219302
ANG 2.011378
AOA 1031.658001
ARS 1736.882499
AUD 1.624648
AWG 2.025667
AZN 1.909796
BAM 1.959278
BBD 2.257607
BDT 139.217123
BGN 1.96423
BHD 0.423251
BIF 3360.480113
BMD 1.12381
BND 1.434653
BOB 13.32141
BRL 6.193991
BSD 1.12089
BTN 105.204748
BWP 15.400858
BYN 3.356258
BYR 22026.673375
BZD 2.254402
CAD 1.587454
CDF 2574.648533
CHF 0.920732
CLF 0.027662
CLP 1088.713242
CNY 7.498961
CNH 7.490698
COP 3681.769693
CRC 507.701216
CUC 1.12381
CUP 26.901753
CVE 110.459109
CZK 24.330539
DJF 199.604316
DKK 7.474617
DOP 68.201063
DZD 152.917826
EGP 60.194969
ERN 16.857148
ETB 181.101852
FJD 2.530597
FKP 0.837412
GBP 0.836171
GEL 2.910871
GGP 0.837412
GHS 13.098017
GIP 0.837412
GMD 83.161866
GNF 9930.672041
GTQ 8.565204
GYD 234.982934
HKD 8.815671
HNL 30.12594
HRK 7.60708
HTG 146.920798
HUF 362.419661
IDR 20327.75381
ILS 3.543097
IMP 0.837412
INR 105.0093
IQD 1702.571947
IRR 2137807.209253
ISK 137.206007
JEP 0.837412
JMD 178.066084
JOD 0.796751
JPY 177.670942
KES 146.005725
KGS 98.277027
KHR 4574.119484
KMF 493.352211
KPW 1011.428836
KRW 1503.483414
KWD 0.349224
KYD 0.934158
KZT 502.902699
LAK 25285.72228
LBP 100377.879988
LKR 372.70158
LRD 190.558258
LSL 18.508945
LTL 3.318318
LVL 0.679781
LYD 7.202786
MAD 10.951144
MDL 20.204865
MGA 5163.906558
MKD 61.549374
MMK 2359.659667
MNT 4047.345118
MOP 9.05317
MRU 45.498765
MUR 52.729462
MVR 17.318108
MWK 1943.650158
MXN 20.746538
MYR 4.555933
MZN 71.822747
NAD 18.508923
NGN 1513.333631
NIO 41.1536
NOK 10.600393
NPR 168.324796
NZD 1.993785
OMR 0.432098
PAB 1.12099
PEN 3.857047
PGK 5.045348
PHP 70.623023
PKR 310.865325
PLN 4.382342
PYG 7006.437072
QAR 4.097473
RON 5.343153
RSD 117.624686
RUB 93.005244
RWF 1658.343713
SAR 4.225993
SBD 9.099824
SCR 15.594276
SDG 675.970589
SEK 10.987466
SGD 1.435684
SHP 0.836199
SLE 25.791802
SLL 23565.735929
SOS 640.63719
SRD 42.201279
STD 23260.595265
STN 24.543567
SVC 9.808411
SYP 14611.775525
SZL 18.427218
THB 37.513108
TJS 10.289966
TMT 3.944573
TND 3.379855
TOP 2.705864
TRY 56.45206
TTD 7.602495
TWD 36.977856
TZS 2972.47485
UAH 51.063452
UGX 4590.066103
USD 1.12381
UYU 45.200235
UZS 13445.867654
VES 1008.260017
VND 28774.589716
VUV 134.858429
WST 3.124307
XAF 655.957
XAG 0.021361
XAU 0.0002739523
XCD 3.037152
XCG 2.020186
XDR 0.794592
XOF 655.957
XPF 119.331742
YER 265.783459
ZAR 18.401386
ZMK 10115.639965
ZMW 22.782441
ZWL 361.866318
SSP 6457.203087
MXV 2.331682
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

French govt faces no-confidence vote after pensions uproar
French govt faces no-confidence vote after pensions uproar / Photo: BERTRAND GUAY - AFP

French govt faces no-confidence vote after pensions uproar

French President Emmanuel Macron's government is set to face two no-confidence motions in parliament on Monday over an unpopular pension reform that has sparked violent protests and political uproar.

Text size:

Macron's allies are in a minority in the lower house National Assembly, meaning they could be defeated if the opposition unites in sufficient numbers for one of the ballots, which are set for debate from 4 pm (1500 GMT).

A decision to force the pension legislation through the lower-house National Assembly without a vote last Thursday sparked protests over the weekend, calls for more strikes and outrage about a manoeuvre widely seen as undemocratic.

Bringing the government down was "the only way of stopping the social and political crisis in this country," Charles de Courson, the author of one of the two no-confidence votes and France's longest-serving MP, told France Inter radio on Monday.

"If we continue like this, no one will control anything. That's what all the trade union leaders are telling us... that they're seeing things becoming more radical," he said.

Government insiders and observers have raised fears that France is again heading for another bout of violent anti-government protests, only a few years after the "Yellow Vest" movement shook Macron's government and the country.

After a weekend that featured violent clashes in Paris, bins were set alight on a highway in Rennes, northwest France, on Monday morning.

Most analysts expect the government to survive on Monday, thanks to backing from the right-wing opposition Republicans party that controls 61 seats.

But the margin could be tight after a senior Republican lawmaker, Aurelien Pradie, said he would vote against the government because "I think it's the only way out. We need to move on to something else."

- Low ratings -

Macron's widely disliked campaign pledge to raise the retirement age from 62 to 64 -- and extending the number of years people must pay into the system to receive a full pension -- was passed using the French constitution's Article 49.3.

The controversial provision means that the bill becomes law unless the government loses a no-confidence vote afterwards.

One was filed by de Courson's small centrist group Liot, and the other from Marine Le Pen's far-right National Rally.

Macron broke his silence on Sunday, saying in a statement to AFP that he hopes "the text on pensions can go to the end of its democratic journey with respect for all".

If the government falls, he would have the option of naming another one or dissolving the National Assembly and calling fresh legislative elections.

A survey on Sunday showed the head of state's personal rating at its lowest level since the height of the "Yellow Vest" crisis in 2019, with only 28 percent of respondents having a positive view of him.

Republicans leader Eric Ciotti, who has backed the pension reform, has also called on his fellow MPs not to "add chaos to chaos" by voting against the government, but his authority in the party has been severely undermined by rebels.

- 'Situation of fear' -

Macron has argued that the pension changes are needed to avoid crippling deficits in the coming decades linked to France's ageing population.

"Those among us who are able will gradually need to work more to finance our social model, which is one of the most generous in the world," Finance Minister Bruno Le Maire said Sunday.

A total of 169 people were arrested nationwide on Saturday during spontaneous protests, including one that assembled 4,000 in the capital.

Strikes, including by oil refinery workers and Paris rubbish collectors, have continued, with some set to intensify, and another nationwide day of action has been called for Thursday.

If the government survives, many observers expect Macron to replace beleaguered Prime Minister Elisabeth Borne to try to reset his image.

The move would be "the least risky and the most likely to give him new momentum," Bruno Cautres of the Centre for Political Research told AFP.

Calling new elections is seen as unlikely.

"When you're in this much of a cycle of unpopularity and rejection over a major reform, it's basically suicidal" to go to the polls, Brice Teinturier, head of the polling firm Ipsos, told AFP

A Harris Interactive survey of over 2,000 people this month suggested that the only winner from a new general election would be the far right, with all other major parties losing ground.

burs-tgb-adp/jh/js

(T.Burkhard--BBZ)