France's President Emmanuel Macron will ride into a fierce political battle on Tuesday as his government asks the French to work longer into old age.
Raising the pension age from 62 to 64 is a flagship goal of Mr Macron's second term. But he faces bitter resistance from trade unions and MPs on the left and right.
“Emmanuel Macron is leading a real war against the French people,” far-right leader Jordan Bardella said.
Prime Minister Elisabeth Borne on Tuesday outlined plans to raise the legal retirement age to 64 by 2030.
“I’m aware that changing our pension system raises questions and fears,” she told a news conference in Paris.
“Today, we are presenting a plan of balance for our retirement system, a plan of fairness, a plan that brings social progress.”
Ms Borne also accelerated other planned pension system changes that will extend the careers of many workers if they want to retire with a full pension, framing the move as vital to prevent the system from collapsing under the weight of deficits.
“Leaving these deficits to grow would be irresponsible … It would lead inevitably to a massive increase in taxes, a reduction in pensions and would pose a threat to our pensions system,” she said.
The President has long argued that the French need to work more to fund the welfare state, as people live longer.
His first attempt at pension reform was derailed by the Covid-19 pandemic in 2020, and his second was pushed back from last year to buy time for discussions.
Mr Macron has offered concessions such as guaranteeing a minimum pension for new recipients.
Paul Midy, an ally of Mr Macron in parliament, said there would be sweeteners for people with especially long working lives.
First lady Brigitte Macron weighed into the debate on Monday by telling young people the reform was necessary “so that you will have a pension”.
But unions have promised to mobilise if the reforms go ahead, adding to a regular drumbeat of strikes in transport, health and education.
Some opponents have said the reform is unnecessary because the pension budget was a projected €3.2 billion ($3.43 billion) in surplus last year, although experts predict a deficit in years to come.
“The raising of the legal pension age is a brutal and profoundly unjust measure,” said Marylise Leon, the deputy secretary general of France's largest trade union, the CFDT.
The far-right National Rally campaigned against increasing the pension age at last year's presidential election, at which its candidate Marine Le Pen was beaten by Mr Macron.
His authority was weakened at subsequent parliamentary elections, where his centrist bloc failed to win an absolute majority.
Mr Macron could get the changes through the National Assembly if the centre-right Republicans, who have long called for reform, side with the government.
Nicolas Sarkozy, the most recent centre-right president, raised the pension age from 60 to 62 more than a decade ago.
Republican leader Eric Ciotti has said he will back the increase if certain conditions are met, such as phasing it in over 10 years with an initial rise to 63 in 2027.
But he said Mr Macron had “chosen to carry out this reform at a time of extreme tension”.
If Mr Macron cannot get a majority, there are powers in the constitution that allow the government to overrule MPs in certain cases — although this would be sure to aggravate opponents.
Any such move would be a “denial of democracy”, said left-wing MP Alexis Corbiere.
Speaking to The National last month, French politics expert Paul Smith said the reform battle was likely to be a “long, difficult process”.
“The various opposition parties, whether it's the left, the traditional right or the far right, will try to make as much political capital as they can out of Macron's discomfort,” he said.
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
Global state-owned investor ranking by size
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The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH INFO
Uefa Champions League semi-final, second leg
Roma 4
Milner (15' OG), Dzeko (52'), Nainggolan (86', 90 4')
Liverpool 2
Mane (9'), Wijnaldum (25')
Brief scores
Barcelona 2
Pique 36', Alena 87'
Villarreal 0
MATCH SCHEDULE
Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)
Liverpool v Roma
Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)
Europa League semi-final, first leg
Thursday, April 26
Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
The details
Heard It in a Past Life
Maggie Rogers
(Capital Records)
3/5
Score
Third Test, Day 1
New Zealand 229-7 (90 ov)
Pakistan
New Zealand won the toss and elected to bat
Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
ENGLAND SQUAD
Joe Root (captain), Dom Sibley, Rory Burns, Dan Lawrence, Ben Stokes, Ollie Pope, Ben Foakes (wicketkeeper), Moeen Ali, Olly Stone, Chris Woakes, Jack Leach, Stuart Broad
UAE currency: the story behind the money in your pockets
