Displaying items by tag: Emmanuel Macron

Friday, 01 September 2017 10:42

France: Macron’s test on labour reforms

France has an unemployment rate of 9.5%, double that of the other big European economies, and President Macron has vowed to cut it to 7% by 2022. The country's unwieldy labour code, 3,000 pages long, is a straitjacket for business. Macron's popularity has plummeted recently as he begins his drive to overhaul the rigid labour laws, giving the details first to the unions and bosses' organisations and later to the public. He promised a ‘revolution’ to free up the energy of the workforce, making it easier for bosses to hire and fire. Protests against the plan, spearheaded by the far left, are expected on 12 September, but two of the biggest unions will not take part.

Published in Europe
Friday, 07 July 2017 15:11

France: Emmanuel Macron

Emmanuel Macron will now have to set his mandate: give way to demonstrators, or forcefully implement his manifesto? Which is worse, a massive budget deficit or cuts in social spending? Should he give way to human rights lobbying for accommodation for Calais refugees, or be hard-headed (because housing them might just encourages more)? On these and a host of other questions, no-one knows his thinking. His rule is different from all that went before. His party didn't exist until he dreamed it up last year. Not since Charles de Gaulle, in 1958, has a head of state had such a powerful majority of men and women who depend on him. Half the new parliamentarians will need lessons (literally) in how to do their jobs as they tackle 10% unemployment - nearly 25% among under-25s; bloated public spending (56% of GDP, compared with 44% in Germany and 39% in the UK); and low economic growth.

Published in Europe

As the French presidential race heats up, WikiLeaks archives contain potentially sensitive files on the three main contenders - the republican Francois Fillon, the right-wing hardliner Marine Le Pen, and the liberal Emmanuel Macron. Most of the files cover the years between the mid-2000s and 2011 or 2012. 3,630 documents relate to centre-right presidential hopeful Fillon, whose popularity ratings have dropped recently amid the ongoing scandal over an allegation that his wife Penelope unfairly received over €900,000 (£775,000) as his ‘parliamentary assistant’. Fillon, who fiercely denies claims of wrongdoing, stated that he would quit the race if placed under formal investigation. Meanwhile Marine Le Pen, who appeals strongly to disenfranchised voters and those who feel threatened by a multicultural society, has been accused of wrongfully employing her chief of staff and her bodyguard as her assistants at the European Parliament. They might have been paid up to €350,000 (£300,000) from the parliament's funds. Fillon and Le Pen are currently almost neck and neck in the race, with Macron not far behind, according to the latest surveys.

Published in Europe
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