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France News Today

French news in English

Saturday, November 23, 2024

French Left Vows to Reverse Pension Reform

Published: 2024-07-10

The New Popular Front (NFP), a left-wing coalition that emerged victorious in recent French legislative elections, has pledged to overturn the controversial 2023 pension reform.

This reform, a key policy of Emmanuel Macron's presidency, raised the legal retirement age from 62 to 64. Jean-Luc Mélenchon, a prominent figure in the coalition, announced plans to repeal the reform 'this summer' by decree if the NFP comes to power.

However, experts are divided on whether this can be achieved through decree or if it requires new legislation.

The potential reversal has sparked debate, with the Montaigne Institute warning of significant financial implications, potentially costing tens of billions of euros annually.