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Free AccessMacron Speak On Pension Reform @ 1300CET After Narrow Confidence Vote
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.
Source: Ifop, Kantar, Elabe, Ifop-Fiducial, BVA, Odoxa, YouGov, Harris Interactive, Ipsos, Opinionway, Viavoice, MNI
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.