French Budget: PM Lecornu to Address Parliament

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Transcript

00:00If Le Cornu does not deliver his message, what happens?

00:06Yes, Francine, I do feel like it's Grand Hogue Day as well,

00:10living the same day over and over again.

00:12And again, today it is a moment of truth for Sébastien Le Cornu,

00:17who was supposed to deliver his general policy speech a week ago,

00:21but then he resigned after the rebellion from the Republicans

00:25before being reappointed on Friday.

00:28So today he's going to deliver his general policy speech 2 p.m. U.K. time.

00:33And what the socialists are calling for is a suspension of the pension reform.

00:39This 2023 reform that brought the retirement age in France from 62 to 64 years old

00:46after months of strikes and protests in the streets,

00:50this is really the flagship reform of President Macron in his second term.

00:56But if President Macron has signaled some openness on Friday

01:03after a meeting of all the political parties to delay this reform,

01:08the socialists want more.

01:10They want a pure suspension.

01:12They want to go back to 62 years old for the retirement in France.

01:16So Sébastien Le Cornu will have to say something about this in his general policy speech

01:21if he wants to avoid another vote of no confidence

01:25because he needs the support of at least two-thirds of the 69 socialist MPs in Parliament

01:33if he doesn't want to see his government fall again tomorrow

01:39because the far-right of Marine Le Pen and the far-left

01:43have both proposed two motions of no confidence

01:46against this Le Cornu government.