Corporate France Urges Macron to Delay Contentious Pension Reform
France desperately needs pension reform, just not right away.
That’s the message for President Emmanuel Macron from a chorus of top business leaders, days before he’s set to announce whether he’ll attempt change before the 2022 election.
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“There’s already a great deal of worry and uncertainty. It would be a gamble to add more,” Stephane Richard, chief executive officer of telecom giant Orange SA told Bloomberg News on the sidelines of a conference in Aix-en-Provence. “If it was me, I wouldn’t do it.”
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Macron’s first attempt to repair the country’s system and fulfill a 2017 campaign pledge triggered strikes and helped fuel months of violent demonstrations before being cut short by the pandemic. Now that the economy is staging a comeback, many business leaders are wary of once again rocking the boat.
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