Really no idea if Macron's move on increasing retirement age is the right move. Their debt-to-GDP ratio is about 97% so much less than the US 124%.
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France’s government on Thursday invoked a special constitutional power to enact a contentious pension bill without a vote in parliament, in a risky move announced by Prime Minister Elisabeth Borne.
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The bill will raise the retirement age from 62 to 64, and is the flagship legislation of President Emmanuel Macron's second term. The unpopular plan has prompted major strikes and protests across the country since January.
The move is expected to trigger a quick no-confidence motion in Macron's government.
The Senate adopted the legislation to raise the retirement age to 64 on Thursday morning, but a ballot in the lower house National Assembly scheduled for the afternoon was seen as extremely tight.
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Wouldn't be surprised if same/similar move will be met with same opposition in the US. Macron may not survive the no confidence.
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Opinion polls show that two-thirds of French people oppose the pension reform and support the protest movement.
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