French PM suspends Macron’s flagship pension reform in search of support for budget

French PM suspends Macron’s flagship pension reform in search of support for budget


France’s Prime Minister Sebastien Lecornu addresses general political remarks to members of Parliament, at the French National Assembly, France’s lower house of parliament, in Paris, on October 14, 2025.

Thomas Samson | Afp | Getty Images

French Prime Minister Sebastien Lecornu on Tuesday suspended a landmark 2023 pension reform until after the 2027 presidential election, bowing to pressure from leftist lawmakers who had demanded such a move to ensure his political survival.

Lecornu, who is facing an uphill battle to survive at least two no-confidence votes later this week, made the announcement in parliament as part of a last-ditch attempt to forge the conditions for passing a slimmed-down 2026 budget.

Lecornu’s decision represents an acknowledgment by French President Emmanuel Macron that mothballing the pension reform – which he considers to be one of his main economic legacies – was the only way to ensure the survival of Lecornu, his sixth prime minister in less than two years.

“I will propose to parliament, starting this autumn, that we suspend the 2023 pension reform until the presidential election,” Lecornu told lawmakers.

“No increase in the retirement age will take place from now until January 2028.

France is in the midst of its worst political crisis in decades as a succession of minority governments seek to push deficit-reducing budgets through a truculent legislature split into three distinct ideological blocs.



Source

Jensen Huang says an incorrect nine-year-old prediction about AI shows why it won’t destroy jobs
World

Jensen Huang says an incorrect nine-year-old prediction about AI shows why it won’t destroy jobs

Nvidia CEO Jensen Huang appeared on an episode of The Joe Rogan Experience podcast on Wednesday. Ezra Acayan | Getty Images News | Getty Images Nvidia CEO Jensen Huang is more optimistic than those who predict AI will destroy people’s jobs, and he used a nine-year-old prediction to demonstrate why. During a wide-ranging conversation about […]

Read More
Bitcoin is down nearly 30% from its record high — history shows that’s normal
World

Bitcoin is down nearly 30% from its record high — history shows that’s normal

Justin Tallis | Afp | Getty Images Bitcoin‘s more than 30% drop from its record high underscores the volatility that has come to characterize the cryptocurrency. Moves from previous cycles not only show how the current price swings are all part of bitcoin’s normal operating pattern but also how they may often precede a rally, […]

Read More
CNBC’s Inside India newsletter: How a government app in India triggered a backlash over internet freedom
World

CNBC’s Inside India newsletter: How a government app in India triggered a backlash over internet freedom

MUMBAI, INDIA – SEPTEMBER 20: People take the selfie with the new IPhone 16 at the Apple store in Bandra-Kurla Complex during the first day of sale of the iPhone 16 smartphone on September 20, 2024 in Mumbai, India. Hindustan Times | Hindustan Times | Getty Images The report is from this week’s edition of […]

Read More