Berliner Boersenzeitung - Macron breaks silence in bid to defuse pensions crisis

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%

Macron breaks silence in bid to defuse pensions crisis
Macron breaks silence in bid to defuse pensions crisis / Photo: Ludovic MARIN - POOL/AFP/File

Macron breaks silence in bid to defuse pensions crisis

French President Emmanuel Macron is to make Wednesday his first public comments on the crisis sparked by his government forcing through a pensions overhaul, which has sparked violent protests and questions over his ability to bring about further change.

Text size:

Prime Minister Elisabeth Borne, acting on the president's instructions, last Thursday invoked an article in the constitution that adopted the contentious reform without a parliamentary vote.

The government Monday narrowly survived a no-confidence motion but the uproar has descended into the biggest domestic crisis of the second term for Macron, first elected in 2017 with pledges to radically reform France.

Another day of national strikes and protests against the pension changes, in particular pushing back the minimum retirement age to 64 from 62, is planned for Thursday and garbage continues to pile up in the streets of Paris due to stoppages by refuse collectors.

The tensions have also raised questions over the ability of France to host King Charles III of the UK when he arrives Sunday for the first foreign state visit of his reign.

There were new clashes between protesters and security forces in central Paris late on Tuesday, in a repeat of scenes over the last days that have seen hundreds arrested and accusations of heavy-handed tactics by security forces.

Blockades at oil refineries continue, potentially creating severe fuel shortages. There were clashes Tuesday at Fos-sur-Mer outside Marseille as authorities sought to force refinery workers back to work.

- 'The crowd has no legitimacy' -

Macron, who made raising the retirement age a cornerstone of his re-election campaign last year, has so far refused publicly to enter the fray and made no comment on the uproar other than in closed-door meetings.

That will change later Wednesday when the president gives a live television interview to TF1 and France 2 television channels on the lunchtime news at 1200 GMT.

Before breaking his silence, Macron spent most of Tuesday talking to ministers, advisors and other political heavyweights about the way forward but ruled out any radical concession.

There will be no new prime minister to replace Borne, no dissolution of the lower-house National Assembly and no referendum on the pensions reform, people involved in the discussions told AFP.

Borne invoked article 49.3 after failing to muster a parliamentary majority for the reform in the Assembly, a consequence of Macron's ruling party losing its overall majority in the 2022 legislative elections.

Macron also called on his troops to provide ideas in the "next two to three weeks" aimed at "a change in method and a new reform agenda", one participant said, requesting anonymity.

But in a warning to protesters, he added: "The crowd, whatever form it takes, has no legitimacy in the face of the people who express themselves through their elected representatives" in parliament.

Spontaneous protests by young people -- coordinated in encrypted messaging services -- have seen nightly clashes with police since last week.

Some protesters burned trash bins, bikes and other objects, while others blocked traffic in parts of the country.

Forty-six people were arrested overnight in the latest clashes around Place de la Republique in Paris, while police used tear gas to disperse protests in other cities including Rennes and Nantes.

"Consciously, the government is creating all the conditions for a social explosion, and it was foreseeable for months, as if they were looking for that," the leader of the far-right MPs in parliament, Marine Le Pen, told AFP in an interview Tuesday.

- Excessive force? -

Lawyers, magistrates and some politicians accused police officers of having made arbitrary arrests in an attempt to stifle the anti-government protests.

They cited as proof the fact that most of the detained demonstrators were released after a few hours, without any charges.

Paris police chief Laurent Nunez rejected the allegations, telling BFM television: "There are no unjustified arrests."

A survey on Sunday showed Macron's personal approval rating at just 28 percent, its lowest level since the height of the anti-government "Yellow Vest" protest movement in 2018-2019.

In an interview with Le Figaro, Macron's influential former prime minister Edouard Philippe advised the president to "broaden" his political base with "a coalition" that includes representatives of the opposition on the traditional right and left.

(O.Joost--BBZ)