"With no clear majorities in parliament, if the bill fails it would leave a 30-billion (roughly $35-billion) hole in funding for healthcare, pensions and welfare, as well as putting the position of Prime Minister Sebastien Lecornu into question. Lecornu has been scrambling to get a budget through parliament ever since taking office in September, but the concessions he's made on the cost-cutting program advocated by President Emmanuel Macron to appease the center-left Socialists have alienated centrist and conservative allies."
"Past proposals to increase the retirement age from 62 to 64 reforms first put forward in 2023 which would still leave France among the most generous countries in Europe or the G7 have been put on hold again. The change would be frozen until 2027, after the next presidential elections, which would mean Macron will have failed to fulfil his goal to reform France's creaking pension system in both his terms."
The National Assembly in Paris must vote on France's 2026 social security budget amid a fragmented parliament and no clear majority. A failed bill would open a 30-billion funding gap affecting healthcare, pensions and welfare and jeopardise Prime Minister Sebastien Lecornu's position. Lecornu has made concessions to centre-left Socialists that have alienated centrist and conservative allies. Proposals to raise the retirement age from 62 to 64 have been put on hold and frozen until 2027, delaying pension reform until after the next presidential election. The government may offer extra hospital funding to win reluctant parties.
Read at www.dw.com
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