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hello and welcome. president macron s government is set to announce a major reform in france s pension system later today in a move that could prove very unpopular with the majority of its people. when the proposals were first mooted before the pandemic, large nationwide strikes paralysed the country and hundreds of thousands of workers took to the streets to protest. france has one of the lowest retirement ages in the world, and at 14% of economic output, its pension system also costs more than most other countries. under the proposals being announced later, the current system for calculating pensions and the retirement age of 62, will be changed. joining me now is tomasz michalski, economics professor at hec paris. welcome and thank you for being with us. how important is it for president macron to get these proposals past? it is for president macron to get these proposals past? it is a very important these proposals past? it is a very important thing - these proposals pa ....
Very important these proposals past? it is a very important thing - these proposals past? it is a very important thing for - these proposals past? it is a very important thing for him | very important thing for him because currently he does not have an absolute majority in parliament and he has been passing a lot of his reforms via special procedure where the reform goes without a vote in the parliament and then, unless the parliament and then, unless the opposition is able to mount a non confidence vote, then the government is toppled, so this time he does not want to do that. he wants to get some votes on the right from the opposition party and therefore it is a litmus test whether we can have any more reforms in the future with an absolute majority and with some kind of passive coalition between president macron party and others. and we ll be talking about reforms in the future. ....