France's President Macron overrides parliament to pass retirement age bill

TL;DR

French President Emmanuel Macron on Thursday resorted to using special constitutional powers to push his plan to raise the retirement age to 64 from 62 through the lower house of parliament. However, lawmakers are unlikely to vote in a majority to dissolve the National Assembly and hold new elections, Renaud Foucart, a senior lecturer in economics at Lancaster University, told CNBC by phone. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

Like summarized versions? Support us on Patreon!