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

EUR -
AED 4.26841
AFN 80.362394
ALL 97.542216
AMD 446.735356
ANG 2.080099
AOA 1065.794205
ARS 1481.767207
AUD 1.776887
AWG 2.092071
AZN 1.980459
BAM 1.954642
BBD 2.348809
BDT 141.226338
BGN 1.956132
BHD 0.43834
BIF 3466.946195
BMD 1.162261
BND 1.493215
BOB 8.038238
BRL 6.486005
BSD 1.163311
BTN 100.147673
BWP 15.618748
BYN 3.807045
BYR 22780.325028
BZD 2.336716
CAD 1.596076
CDF 3354.287055
CHF 0.932981
CLF 0.029194
CLP 1120.296341
CNY 8.342655
CNH 8.346165
COP 4674.330945
CRC 587.052233
CUC 1.162261
CUP 30.799929
CVE 110.199718
CZK 24.634179
DJF 206.947405
DKK 7.463699
DOP 70.258379
DZD 151.514244
EGP 57.439973
ERN 17.433922
ETB 161.636047
FJD 2.620788
FKP 0.864949
GBP 0.86668
GEL 3.150183
GGP 0.864949
GHS 12.127816
GIP 0.864949
GMD 83.106172
GNF 10094.020343
GTQ 8.931709
GYD 243.385819
HKD 9.121487
HNL 30.445964
HRK 7.532663
HTG 152.739518
HUF 398.923459
IDR 18977.696027
ILS 3.908598
IMP 0.864949
INR 100.127437
IQD 1523.897249
IRR 48945.741055
ISK 142.354235
JEP 0.864949
JMD 186.029797
JOD 0.824089
JPY 172.932309
KES 150.300962
KGS 101.640213
KHR 4662.238109
KMF 491.989694
KPW 1046.046309
KRW 1616.942576
KWD 0.355234
KYD 0.969426
KZT 620.152624
LAK 25087.138481
LBP 104232.653
LKR 350.972086
LRD 233.241828
LSL 20.596898
LTL 3.431856
LVL 0.703041
LYD 6.327252
MAD 10.519168
MDL 19.788278
MGA 5176.933206
MKD 61.523554
MMK 2439.678938
MNT 4168.013035
MOP 9.404829
MRU 46.275587
MUR 53.119698
MVR 17.903172
MWK 2017.205016
MXN 21.777182
MYR 4.935007
MZN 74.338683
NAD 20.596898
NGN 1779.387897
NIO 42.814637
NOK 11.838157
NPR 160.236077
NZD 1.94976
OMR 0.446995
PAB 1.163311
PEN 4.140847
PGK 4.817146
PHP 66.377189
PKR 331.310933
PLN 4.244785
PYG 9003.666265
QAR 4.229694
RON 5.072695
RSD 117.080642
RUB 91.375869
RWF 1681.00418
SAR 4.36165
SBD 9.64543
SCR 17.082281
SDG 697.942292
SEK 11.245095
SGD 1.492813
SHP 0.913355
SLE 26.62005
SLL 24372.046713
SOS 664.806172
SRD 43.245469
STD 24056.466061
STN 24.485495
SVC 10.17897
SYP 15112.803405
SZL 20.592801
THB 37.628259
TJS 11.196867
TMT 4.079538
TND 3.419874
TOP 2.722137
TRY 46.947496
TTD 7.897322
TWD 34.181766
TZS 3030.404801
UAH 48.58252
UGX 4168.530579
USD 1.162261
UYU 46.882227
UZS 14725.276806
VES 135.943958
VND 30404.760344
VUV 138.92149
WST 3.080055
XAF 655.568644
XAG 0.030448
XAU 0.000347
XCD 3.14107
XCG 2.096558
XDR 0.815317
XOF 655.568644
XPF 119.331742
YER 280.163552
ZAR 20.586499
ZMK 10461.752209
ZMW 26.785133
ZWL 374.247723
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

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)