Pressure mounts on Macron after unrest grows over pensions

An effigy of French President Emmanuel Macron is held up near a fire during a demonstration in Paris on Mar. 17, 2023, the day after the French government pushed a pensions reform using the article 49.3 of the constitution. (AFP)
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Updated 17 March 2023
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Pressure mounts on Macron after unrest grows over pensions

  • A new demonstration got underway in Paris on Friday evening, as protesters gathered in the city's Place de la Concorde
  • Demonstrators started off a fire burning in Place de la Concorde on Friday as they faced up to a line of riot police, with some chanting "Macron, Resign!"

PARIS: French President Emmanuel Macron on Friday faced the gravest challenge to his authority since the so-called Yellow Vest protests after his decision to push through a contested pension overhaul without a vote prompted a wave of protests.
A new demonstration got underway in Paris on Friday evening, as protesters gathered in the city’s Place de la Concorde, near the Assemblee Nationale parliament building, following demonstrations on Thursday which were marred by violence.
Demonstrators started off a fire burning in Place de la Concorde on Friday as they faced up to a line of riot police, with some chanting “Macron, Resign!“
“Something fundamental happened, and that is that, immediately, spontaneous mobilizations took place throughout the country,” hard-left leader Jean-Luc Melenchon said. “It goes without saying that I encourage them, I think that’s where it’s happening.”
The pension overhaul raises France’s retirement age by two years to 64, which the government says is essential to ensure the system does not go bust.
Unions, and most voters, disagree.
The French are deeply attached to keeping the official retirement age at 62, which is among the lowest in OECD countries.
More than eight out of 10 people are unhappy with the government’s decision to skip a vote in parliament, and 65 percent want strikes and protests to continue, a Toluna Harris Interactive poll for RTL radio showed.
Going ahead without a vote “is a denial of democracy...a total denial of what has been happening in the streets for several weeks,” 52-year-old psychologist Nathalie Alquier said in Paris. “It’s just unbearable.”
A broad alliance of France’s main unions said they would continue their mobilization to try and force a U-turn on the changes. Protests are planned for this week, with a new day of nationwide industrial action is scheduled for Thursday.
Teachers’ unions called for strikes next week, which could disrupt the emblematic Baccalaureate high-school exams.
While eight days of nationwide protests since mid-January, and many more local industrial actions, had so far been largely peaceful, the unrest on Thursday was reminiscent of the Yellow Vest protests that erupted in late 2018 over high fuel prices and forced Macron into a partial U-turn on a carbon tax.

’MAYHEM’
Interior Minister Gerald Darmanin said some 310 people had been arrested by police and promised to crack down on troublemakers.
“Opposition is legitimate, protests are legitimate but causing mayhem is not,” he told RTL radio.
Left-wing and centrist opposition lawmakers filed a motion of no-confidence in parliament on Friday afternoon.
But, even though Macron lost his absolute majority in the lower house of parliament in elections last year, there was little chance this would go through — unless a surprise alliance of MPs from all sides is formed, from the far-left to the far-right.
The leaders of the conservative Les Republicains party have ruled out such an alliance. None of them had sponsored the first motion of no confidence filed on Friday. The far-right was expected to file another later in the day.
Individual LR lawmakers have said they could break ranks, but the no confidence bill would require all of the other opposition MPs and half of LR’s 61 lawmakers to go through, which is a tall order.
“So far, French governments have usually won in such votes of no confidence,” said Berenberg chief economist Holger Schmieding.
He expected it would be the same again this time even if “by trying to by-pass parliament, Macron has already weakened his position.”
Votes in parliament were likely to take place over the weekend or on Monday.
Macron will want to turn the page quickly, with government officials already preparing more socially minded reforms. He can also choose, at some point, to fire Prime Minister Elisabeth Borne, who has been at the forefront of the pension debate.
But either or both moves may do little to quell anger on the streets. Neither of them had made public comments on Friday.


Geoeconomic confrontation tops global risks in 2026: WEF report

Updated 4 sec ago
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Geoeconomic confrontation tops global risks in 2026: WEF report

  • Also armed conflict, extreme climate, public polarization, AI
  • None ‘a foregone conclusion,’ says WEF’s MD Saadia Zahidi

DUBAI: Geoeconomic confrontation has emerged as the top global risk this year, followed by state-based armed conflict, according to a new World Economic Forum report.

The Global Risks Report 2026, released on Wednesday, found that both risks climbed eight places year-on-year, underscoring a sharp deterioration in the global outlook amid increased international competition.

The top five risks are geoeconomic confrontation (18 percent of respondents), state-based armed conflict (14 percent), extreme weather events (8 percent), societal polarization (7 percent) and misinformation and disinformation (7 percent).

The WEF’s Managing Director Saadia Zahidi said the report “offers an early warning system as the age of competition compounds global risks — from geoeconomic confrontation to unchecked technology to rising debt — and changes our collective capacity to address them.

“But none of these risks are a foregone conclusion.”

The report assesses risks across three timeframes: immediate (2026); short-to-medium term (next two years); and long term (next 10 years).

Economic risks show the largest overall increase in the two-year outlook, with both economic downturn and inflation jumping eight positions.

Misinformation and disinformation rank fifth this year but rise to second place in the two-year outlook and fourth over the 10-year horizon.

The report suggests this reflects growing anxiety around the rapid adoption of artificial intelligence, with adverse outcomes linked to AI surging from 30th place in the two-year timeframe to fifth in the 10-year outlook.

Uncertainty dominates the global risk outlook, according to the report.

Surveyed leaders and experts view both the short- and long-term outlook negatively, with 50 percent expecting a turbulent or stormy global environment over the next two years, rising to 57 percent over the next decade.

A further 40 percent and 32 percent, respectively, describe the outlook as unsettled across the two- and 10-year timeframes, while just 1 percent anticipate a calm global outlook in either period.

Environmental risks ease slightly in the short-term rankings. Extreme weather fell from second to fourth place and pollution from sixth to ninth. Meanwhile, critical changes to Earth systems and biodiversity loss dropped seven and five positions, respectively.

However, over the next decade, environmental threats re-emerge as the most severe, with extreme weather, biodiversity loss, and critical changes to Earth systems topping the global risk rankings.

Looking ahead over the next decade, around 75 percent of respondents anticipate a turbulent or stormy environmental outlook, making it the most pessimistic assessment across all risk categories.

Zahidi said that “the challenges highlighted in the report underscore both the scale of the potential perils we face and our shared responsibility to shape what comes next.”

Despite the gloomy outlook, Zahidi signaled a positive shift in global cooperation.

 “It is also clear that new forms of global cooperation are already unfolding even amid competition, and the global economy is demonstrating resilience in the face of uncertainty.”

Now in its 21st year, the Global Risks Report highlights a core message: global risks cannot be managed without cooperation.

As competition intensifies, rebuilding trust and new forms of collaboration will be critical, with the report stressing that today’s decisions will shape future outcomes.

The report was released ahead of WEF’s annual meeting, which will be held in Davos from Jan. 19 to 23.