US EditionFrench prime minister suspends a controversial pension reform to avoid government collapse
- Tuesday's address in Paris had Lecornu propose suspending the 2023 pension reform until the 2027 presidential election, responding to Socialist Party demands.
- Forced through in 2023 without a vote, the reform prompted anger and months of protests, while La France Insoumise and Rassemblement National filed motions to topple Lecornu's cabinet.
- Facing calendar limits, ministers met to finalize the 2026 budget plan, which the government must give parliament 70 days to scrutinize before year-end, Bregeon said.
- Macron warned that any vote to topple the cabinet would force dissolution of the Assemblée Nationale and fresh elections, while Lecornu urged his ministers to end the deadlock after reappointment.
- Experts including Philippe Aghion argued that pausing the reform could reduce the risk of far-right gains as France faces a hung parliament resulting from last year's snap elections and broader political deadlock.
274 Articles
274 Articles
With delay of pension reform, Prime Minister Sébastien Lecornu puts France’s Socialist Party back in the spotlight
In his policy speech to lawmakers in the National Assembly on Tuesday, Prime Minister Sébastien Lecornu – who was reappointed by President Emmanuel Macron on Friday after submitting his resignation just days before – announced the suspension of pension reform, which a previous government forced into law without a vote in 2023. The reform raised the retirement age from 62 to 64, and also raised, depending on one’s year of birth, the number of wor…
The French Prime Minister Lecornu wants to suspend the controversial pension reform. Socialists cheer, the Republican party leadership speaks of a gallows period.
French PM freezes Macron’s pension law saving the government for now
French prime minister Sébastien Lecornu has announced the suspension of Emmanuel Macron’s 2023 pension reform, which had raised the retirement age from 62 to 64. Now, two years after it was passed, its implementation will be paused until after the 2027 presidential election. But how is this suspension saving the government for now?
French bonds extend rally as Lecornu avoids more gridlock
In a surprising twist, French government bonds experienced a notable surge for the second consecutive day. This uptick followed Prime Minister Sebastien Lecornu's strategic choice to postpone an essential pension reform, aimed at averting further political gridlock. As a result, bond yields tumbled to their lowest levels in two months. Investors are now keenly awaiting Lecornu's budget strategies for 2026.
The French Prime Minister Lecornu has offered to suspend the controversial pension reform. Lecornu said in his government statement in Paris that the retirement age should not be further increased until January 2028.
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