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Macron Speak On Pension Reform @ 1300CET After Narrow Confidence Vote

FRANCE

President Emmanuel Macron is set to hold a televised interview at 1300CET (0800ET/1200GMT) to talk about his gov'ts decision to use Article 49.3 of the Constitution to push through controversial pension reforms, and the subsequent political fallout. The gov't of PM Elisabeth Borne survived a tight vote of no confidence in the National Assembly on 20 March, with just a nine-vote margin keeping she and the rest of the Cabinet in office.

  • According to AFP, Macron says it is necessary to “appease” and “listen to their anger” after adoption of pension reforms, but “the crowd” does not have “legitimacy” over elected representatives.
  • TF1 (https://www.youtube.com/watch?v=XaDkmD2Xee4) and France 2 (https://www.youtube.com/watch?v=uyf6qFWRLDQ) to broadcast the interview.
  • A major day of protest and strike action is expected on Thursday 23 March, with the notable prospect of civil unrest. Oil refineries remain subject to strike action, reducing operations and disrupting fuel deliveries.
  • Macron's disapproval rating has climbed to multi-year highs. The latest from Ifop shows 70% of respondents disapproving of the president's leadership. This is the highest since the 73% disapproval recorded by Kantar in January 2020.
Chart 1. Approval/Disapproval Ratings for President Emmanuel Macron, % and 6-Poll Moving Average

Source: Ifop, Kantar, Elabe, Ifop-Fiducial, BVA, Odoxa, YouGov, Harris Interactive, Ipsos, Opinionway, Viavoice, MNI

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