France's Pension Reform Faces Renewed Debate as Bayrou Weighs Suspension

Prime Minister François Bayrou considers a temporary pause on the 2023 pension reform amidst political and economic tensions.

Prime Minister François Bayrou is exploring a potential six-month suspension of the 2023 pension reform, which raised the retirement age from 62 to 64, to facilitate further discussions with unions and political groups.
Left-wing parties and major unions continue to demand the full repeal of the reform, citing its financial and social impacts, while proposing alternative measures such as freezing its implementation.
Right-wing lawmakers and members of Bayrou's own coalition warn against suspension, arguing that it would undermine financial stability and risk significant political fallout.
The reform's suspension could cost billions, with estimates projecting a €3.4 billion deficit in 2025 and €16 billion by 2032, adding pressure to France's already strained public finances.
Bayrou is set to address the issue in his policy speech to the National Assembly on Tuesday, as his government seeks to avoid a no-confidence vote and maintain political balance.