April 2022
26Apr

French President Macron’s re-election is muted good news for markets

French President Emmanuel Macron's re-election victory Sunday should see financial markets "breathe a collective sigh of relief," but Russia's invasion of Ukraine has not erased concerns in Europe, said Seema Shah, chief strategist with Principal Global Investors. Having Mr. Macron serve another term "is good news for the euro, French bond spreads and the share prices of French banks, (but) it is hard to see much upside for these assets in the near term given the broader macro outlook in...

April 26, 2022
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13Apr

France. Macron is now ‘back-pedalling’ on ‘brutal’ pension plans, Le Pen ally says

President Emmanuel Macron is “back-pedalling” in his offer to soften his planned pension reform to seduce voters but would still execute his plans if re-elected, the head of France’s far-right Rassemblement National party Jordan Bardella said on Tuesday. Campaigning in France’s former industrial heartland, Macron on Monday said he was prepared to readjust his planned pension reform, which is at the core of his programme for re-election. Read also The Danish Pension System: Design, Performance, and Challenges “I am ready to change...

April 13, 2022
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04Apr

France. Macron and Le Pen battle over pensions as French election race tightens

With France's presidential race tightening ahead of Sunday's first round vote, favourites President Emmanuel Macron and far-right challenger Marine Le Pen battled over pension reform on Monday. Opinion polls have long predicted Macron will win a second term but Le Pen has tightened the gap, with polls showing the 44-year old president with only a six-point advantage in a likely run-off on April 24. Le Pen has benefited from a campaign focused on purchasing power on which she doubled down on...

April 4, 2022
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March 2022
14Mar

Macron plans to raise French retirement age to 65

The president had declared in December that he wanted the French to “work longer”, and has repeated the message twice, firstly in his open letter to the French people in which he finally declared his candidacy for the Elysée, and secondly at a meeting involving a number of elected officials who had signed letters of sponsorship in his favour to allow him to run for a second term. Read also People Are Now Living More Years in Good Health According to...

March 14, 2022
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February 2022
14Feb

French Prime Minister Castex: pensions to be adjusted to factor in inflation

French Prime Minister Jean Castex told France 2 TV on Friday that pensions would be adjusted to factor in inflation. French inflation fell less than expected in January as it eased back from a 13-year high on lower prices for manufactured goods due to winter sales. The INSEE statistics agency said consumer prices rose 0.1% in January, giving a 12-month inflation rate of 3.3%, down from 3.4% in December.   Read more @Financial Post 378 views

February 14, 2022
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07Feb

The Silver Economy Gets a Covid Reality Check

French care-home operator Orpea was once a bet on better retirement. In an aging society, demand for long-term care would only rise — and so would demand for long-term returns, hence why Canada’s top pension fund bought a 15% stake in 2013. It was going to be the virtuous circle of the “silver economy” in action — retirement as an asset class. The virtuous circle now looks like a vicious one. After years of growth, some 3.4 billion euros ($3.9 billion) has been wiped...

February 7, 2022
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November 2021
10Nov

Macron: No pension reform in France before elections

In his address to the nation, Emmanuel Macron announced that there would be no pension reform before the end of his current presidential term, effectively abandoning one of his flagship policies, for now at least. Pension reform has long been an objective of Macron’s presidency. The aim was to merge France’s dozens of separate pension systems into one simplified system. Read also Build a Solid Risk Management Road Map Attempts to push the reform through have been met with significant resistance, with...

November 10, 2021
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July 2021
13Jul

France. Macron confirms he will pursue Pension Reform

French President Emmanuel Macron has announced a series of economic measures, looking beyond the pandemic, although the much-anticipated pensions reform will be delayed until Covid is "under control". Obligatory vaccines and the extension of the health pass made the headlines following Macron’s live TV address on Monday evening, but the President also sketched out his vision for France’s post-Covid economy. Some of the measures he announced represent a return to the priorities he set at the beginning of his tenure, while...

July 13, 2021
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05Jul

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. Read also Germany finally launches basic pension scheme “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...

July 5, 2021
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June 2021
30Jun

France. Macron Weighs Pension Reform Before Bastille Day

French President Emmanuel Macron could revive a controversial pension reform as he prepares to unveil his priorities for the rest of his mandate and ahead of 2022 elections. Macron is set to speak to the French some time during the first half of next month, probably before July 14 when French leaders usually address the nation to mark Bastille Day. That is when he is considering tackling a topic that is highly contentious for voters, according to a person familiar...

June 30, 2021
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