October 27, 2022
1 min read

Macron vows solution to high inflation

The president called for “social dialogues” to prevent and end strikes — especially the most recent ones that triggered nationwide fuel panics….reports Asian Lite News

French President Emmanuel Macron has pledged to “never leave the French without a solution” in the face of high inflation and strikes.

“We will go through the storm together,” Macron said during an interview titled “The French Emergencies,” aired on the national television France 2, Xinhua news agency reported.

He said the country will expect a 15-percent rise in electricity and gas prices at the start of next year, but the government will continue the energy tariff shield and will help students, low and medium-income households as well as businesses.

The government’s strategy is to “stabilise public spending, repay our debts, maintain growth, create jobs and lower taxes,” Macron said.

He promised to create more employment opportunities for the young people.

The president called for “social dialogues” to prevent and end strikes — especially the most recent ones that triggered nationwide fuel panics.

Macron also defended the pension reform of raising retirement age to 65. Otherwise, pension contributions will have to increase or the seniors’ retirement pensions will be reduced, he added.

“From 2023, we will have to shift the legal retirement age by four months per year,” said the French president.

Macron acknowledged that compared to China, France is a late starter in the production of electric cars and batteries, but aims to have two million electric cars and two million batteries made in France by the end of his presidential term in 2027.

Meanwhile, he said the government will continue to subsidise households in electric car purchases.

ALSO READ: India to speed up Jaitapur N-plant ahead of Macron visit

Previous Story

Braverman’s return irks opposition

Next Story

‘Azadi March’ will be biggest freedom movement in Pak history: Imran

Latest from -Top News

Child Marriage Still Plagues Bangladesh

The UNICEF report highlights that Bangladesh has the highest rate of child marriage in Asia, with over 50 per cent of girls being married off before the age of 18 A recent

UK appoints special envoy for women 

The UK government’s Plan for Change, which forms the foundation of this initiative, is designed to foster a strong economy by creating opportunities for working women   In a landmark move aimed

Protests Sweep Pakistan Over Sindh’s Rights

Latest attacks came hours after Donald Trump said Vladimir Putin was ‘doing what anybody would do’  Russia launched a devastating attack on Ukraine on Saturday, killing at least 14 people and injuring

Zelensky Rallies Allies for War-Ending Deal

This will be the first high-level gathering of US and Ukrainian officials since the February 28 meeting between Zelensky and US President Donald Trump. Ukrainian President Volodymyr Zelensky has shared details of
Go toTop

Don't Miss

Modi dials Macron  

Modi and Macron reviewed ongoing bilateral initiatives, including defence collaboration

Israel Under Scrutiny, France, Norway Back ICC

When asked if the Israeli Prime Minister would be arrested