Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Reactions to French PM Lecornu's pension reform suspension plan
    Headlines

    Reactions to French PM Lecornu's pension reform suspension plan

    Reactions to French PM Lecornu's pension reform suspension plan

    Published by Global Banking and Finance Review

    Posted on October 14, 2025

    Featured image for article about Headlines

    (Reuters) -French Prime Minister Sebastien Lecornu on Tuesday proposed suspending President Emmanuel Macron's landmark pension reform that raised the legal retirement age by two years to 64, as he sought cross-party support for his 2026 budget.

    Here are the main statements from Lecornu's speech, as well as reactions from the opposition:

    SEBASTIEN LECORNU, PRIME MINISTER

    "Which members of parliament will tell their fellow citizens that they do not want to discuss the state budget? Isn't that the very heart of the parliamentary function. There is no longer any excuse for voting for a no-confidence motion by default."

    "This fall, I will propose to parliament that we suspend the 2023 pension reform until after the presidential election. There will be no increase in the retirement age between now and January 2028.

    "In addition, the required number of quarters necessary for a full pension will also be suspended and will remain at 170 quarters."

    "But ...I will not endorse just anything. The cost of the suspension for our pension system is 4 billion euros in 2026 and 1.8 billion euros in 2027. This suspension will ultimately benefit 3.5 million French people. It will therefore have to be financially compensated for, including through cost-saving measures."

    "Suspending the reform only makes sense if it is to go further. In the coming weeks, I propose to organize a conference on pensions and work in agreement with the social partners."

    LAURENT WAUQUIEZ, LEADER OF THE CONSERVATIVE REPUBLICANS IN NATIONAL ASSEMBLY

    "We will not censure a government by default and we will not be among those who bring down prime ministers. This position of the deputies of the Republican Right has not changed. France needs a minimum of stability. France needs a government. France needs a budget."

    "We need to make a minimal effort which consists of finding compromises rather than fighting, it is better to engage talks rather than betting on yet another election by default."

    FAR-LEFT LEADER JEAN-LUC MELENCHON

    "And now everyone will pretend not to have heard that the suspension of the reform has a set time limit. Then it resumes its course. So only the generation of 1964 gains three months. They would gain 9 months with the repeal as already voted by the Assembly. Moreover, the power elected in 2027 could make up for the "delay" or any other worse reform... A word to the wise is enough."

    JORDAN BARDELLA, LEADER OF THE FAR-RIGHT NATIONAL RALLY

    "In the National Assembly, from the Republicans to the Socialist Party, it's the friendly circle of Emmanuel Macron's saviours who take turns speaking at the podium. The only common denominator of this nonsensical majority, ready for any kind of bargaining, is fear of the ballot box and fear of the people."

    (Reporting by Alban Kacher and Geert De Clercq; Editing by Richard Lough)

    Related Posts
    New EU draft text on Russian assets offers uncapped guarantees for Belgium
    New EU draft text on Russian assets offers uncapped guarantees for Belgium
    Putin to talk of war and peace at marathon news conference
    Putin to talk of war and peace at marathon news conference
    Thousands rally in Bulgaria against corruption, call for judicial reform
    Thousands rally in Bulgaria against corruption, call for judicial reform
    Analysis-How Trump's Venezuela embargo could put Taiwan at risk
    Analysis-How Trump's Venezuela embargo could put Taiwan at risk
    UN elects former Iraqi President to lead UN refugee agency
    UN elects former Iraqi President to lead UN refugee agency
    Trump says 'getting close to something' ahead of US, Russia talks on Ukraine
    Trump says 'getting close to something' ahead of US, Russia talks on Ukraine
    Russian shelling near Odesa kills one, hits power supply
    Russian shelling near Odesa kills one, hits power supply
    Britain names Christian Turner as ambassador to the US
    Britain names Christian Turner as ambassador to the US
    Trump administration imposes sanctions on two more ICC judges
    Trump administration imposes sanctions on two more ICC judges
    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says
    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    Ukraine-US fund approves investment policies as it eyes first projects in 2026
    Ukraine-US fund approves investment policies as it eyes first projects in 2026

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    VW management to continue cost cutting

    VW management to continue cost cutting

    Parliament of Swiss canton Fribourg votes to ban mobile phones at school

    Parliament of Swiss canton Fribourg votes to ban mobile phones at school

    EU countries approve year-long delay to deforestation law

    EU countries approve year-long delay to deforestation law

    Italy economy minister denies interfering in MPS's bid for Mediobanca

    Italy economy minister denies interfering in MPS's bid for Mediobanca

    Italian judge drops Genoa dam case against Webuild CEO

    Italian judge drops Genoa dam case against Webuild CEO

    Soccer-Ex-player Ebanks-Blake wins first stage of UK lawsuit against surgeon

    Soccer-Ex-player Ebanks-Blake wins first stage of UK lawsuit against surgeon

    Searches under way in new corruption probe involving French Minister Dati

    Searches under way in new corruption probe involving French Minister Dati

    Finland's far-right party reprimands two MPs over racism scandal

    Finland's far-right party reprimands two MPs over racism scandal

    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

    Prosecutor finds no reason to reopen case of unsolved 1986 murder of Swedish PM Olof Palme

    Prosecutor finds no reason to reopen case of unsolved 1986 murder of Swedish PM Olof Palme

    New frescoes unearthed in villa near Pompeii show 'extraordinary details and colours'

    New frescoes unearthed in villa near Pompeii show 'extraordinary details and colours'

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    View All Headlines Posts
    Previous Headlines PostHamas hands over hostage bodies after Israel threatens aid cut
    Next Headlines PostFrench markets gain slightly on pension reform delay