France’s reform momentum (just kidding)

The saga surrounding the pension reform bill is drawing to a close. The law raising the minimum retirement age from 62 to 64 has been enacted. It is scheduled to come into force after the summer. For three months, this reform has monopolised the media and underscored the political weakness of Emmanuel Macron’s position. It has also sparked large-scale demonstrations which, while they did not affect economic activity or job conditions, nonetheless highlighted the fragility of the ...