Live Updates: Macron Faces Mounting Public Anger Over Pension Reforms as France Protests Persist

by | May 12, 2023 | Retirement Pension

Live Updates: Macron Faces Mounting Public Anger Over Pension Reforms as France Protests Persist




Public Anger Peaks Against Macron Over Pension Reforms | France Protest 2023 LIVE | France News LIVE

Union activists barged into the Paris headquarters of luxury goods company LVMH (LVMH.PA) on Thursday, saying the French government should shelve plans to make people work longer for their pension and tax the rich more instead.

In a 12th day of nationwide protests since mid-January, striking workers also disrupted garbage collection in Paris and blocked river traffic on part of the Rhine river in eastern France.

“You’re looking for money to finance pensions? Take it from the pockets of billionaires,” said Sud Rail unionist Fabien Villedieu, as the LVMH headquarters filled with red smoke. The protesters then left peacefully.

#france #pensionprotest #emmanuelmacron #englishnewslive n18oc_world…(read more)


LEARN MORE ABOUT: Retirement Pension Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing


As of 2023, France’s pension reform has sparked massive protests, causing public anger to peak against the country’s President Emmanuel Macron. The reform aims to address the problem of a rapidly aging population by creating a unified system, allowing everyone to have the same entitlements. However, the proposed changes have been met with widespread opposition, with many arguing that the new system will leave workers worse off and unable to retire comfortably.

The proposed reforms would mean that French workers would have to work longer and contribute more to their pensions. Many have expressed concerns that these changes will disproportionately affect those with low incomes and those with physically demanding jobs. Protesters also argue that the proposed reforms would lead to more inequality, with the wealthiest in society receiving the most generous pensions.

See also  Higher Pension for employees retired prior to 01.09.2014 – EPFO Guidelines circular 29.12.2022-Tamil

The level of public anger against Macron and his government has escalated in recent weeks, with large-scale protests taking place across the country. The “yellow vest” movement, which initially began as a protest against fuel tax hikes, has now merged with the pension reform protests, resulting in more significant demonstrations. Many protesters have taken to the streets with signs reading “Down with Macron” and “No to pension reform.”

France has a long history of industrial action when it comes to workers’ rights, with French workers fighting for better conditions and pensions. The country’s public transportation system has been severely disrupted for several weeks, with rail and metro strikes causing severe disruption to commuters. Schools and hospitals have also felt the impact of the protests, with staff walking out and closing their doors.

The reform has been viewed as a significant test for Macron, who has been seen as an advocate of free-market economic policies. The public outcry against the reform has put the president in a challenging position, with political analysts suggesting that the protests could ultimately lead to his downfall. With Macron’s approval ratings already low, and the protests showing no signs of slowing down, it remains to be seen how the situation will play out.

In conclusion, the proposed pension reform has led to a significant increase in public anger against Macron’s government. The protests have disrupted everyday life in France, and it appears that the country is facing a prolonged period of unrest until a resolution is reached. The French government must listen to the concerns of its citizens and work to find a solution that is fair for all.

See also  Spousal IRA: Including Your Non-Working Spouse in Retirement Planning
Truth about Gold
You May Also Like

0 Comments

U.S. National Debt

The current U.S. national debt:
$35,866,603,223,541

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size