Headlines
Modifying pension reform would be very costly for France, says finance minister
Published by Global Banking & Finance Review®
Posted on October 8, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 8, 2025
2 min readLast updated: January 21, 2026
France's finance minister warns that altering pension reforms could cost billions by 2027. The reform aims to raise the retirement age to 64, crucial for debt reduction.
PARIS (Reuters) -Any plans to modify France's pension reforms - whose unpopularity is one of the reasons behind the country's political crisis - would be very costly for the economy, said acting French finance minister Roland Lescure on Wednesday.
"Modifying the pension reform will cost hundreds of millions in 2026, and billions in 2027," Lescure told France Inter radio.
Elisabeth Borne, a former Prime Minister and the country's current caretaker education minister, told Le Parisien newspaper on Tuesday that she was open to suspending the pension overhaul which she herself steered through Parliament in 2023.
Many on France's left have called for it to be repealed, though the Socialist Party has suggested they would be open to a suspension.
"We are evaluating various scenarios," said Lescure, when asked if the French finance ministry was examining any changes to the pension system.
The 2023 pension reform gradually raises the retirement age in France to 64 from 62. The government says it is key to helping cut France's debts and improve the overall economy, but many trade unions remain opposed to it.
(Reporting by Sudip Kar-Gupta; Editing by Makini Brice and Elaine Hardcastle)
Pension reform refers to changes made to a country's pension system, often aimed at ensuring its sustainability and financial viability, such as raising the retirement age or modifying benefits.
Economic growth is the increase in the production of goods and services in an economy over a specific period, usually measured by the rise in Gross Domestic Product (GDP).
Retirement age is the age at which a person is eligible to retire and receive pension benefits, which can vary by country and is often subject to reforms.
Trade unions are organized groups of workers who come together to make decisions about the work environment, negotiate wages, and advocate for workers' rights.
Explore more articles in the Headlines category
