After months of crisis management, Emmanuel Macron is launching “Act II” of his presidency
marched on the Elysée Palace, vowing to invade the presidential office. Tear gas hung over the wreckage of torched vehicles and smashed windows. Mr Macron’s time as a credible reformist leader, it seemed, was up.
The new rules will enable managers to hire more easily from the private sector for short-term projects and longer contracts. The promotions committees will be relegated to judging contested cases. The idea is to give managers more freedom and responsibility, a change that Mr Dussopt calls “very profound”.
Perhaps the boldest of all is pension reform, designed to merge 42 existing regimes into a single, fairer and more transparent system. The idea is to encourage job mobility and, implicitly, to delay retirement. The French currently spend more time in retirement than anybody else in the, and the state pension system is in deficit. Mr Macron says he will not raise the legal retirement age, which would help meet that shortfall.
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