Published on: 2025/01/15 10:00
Over in France, Prime Minister Francois Bayrou, on Tuesday, proposed reopening discussions on President Emmanuel Macron's 2023 pension reform, which raised the retirement age from 62 to 64.
The move aims to secure support from left-wing lawmakers to pass the 2025 budget.
Bayrou emphasized the necessity of restructuring the pension system to stabilize France's public finances, highlighting the country's significant debt, and the goal to reduce the public deficit to 5.4% of GDP in 2025.
The proposal comes after months of protests and political turmoil, over the pension changes.
Bayrou's approach includes engaging with labor unions, and opposition parties to find common ground, and warning against modifications that could exacerbate France's financial challenges.
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