Report
Arno FONTAINE

France: Social tensions rise as we wait for PM’s announcements

2019 has been a year of social tensions. After the Yellow Vests movement which begun at the end of 2018, a new strike is underway in France since December 5 th , with 800 000 people across the country having joined in the first day . Th e demonstration arises 24 years after the famous 3-week-time paralysis of 1995, which was also triggered by a planned change in the pension system by the Juppe government . The protest aims at the pension reform proposed by the High Commissioner for Pensions, Jean-Paul Delevoye . The reform, however, is still at a very early stage and more specific plans should have been presented in the middle of December by the government. In reaction to the protests , PM Philippe will present the draft law on Wednesday that should then be discussed in the Parliament in the coming months . On top of the rejection of the pension reform , the protest e rs , joined by some Yellow Vests , are also demonstrating for more social justice and a change in the reform dynamics .
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Arno FONTAINE

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