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France’s new prime minister has resisted calls to suspend Emmanuel Macron’s 2023 pension reform. While left-wing opposition parties want to undo Macron’s agenda, the president is defending his attacks on welfare as a prized legacy.
France has just seen the third resignation of a prime minister in less than a year. What is at stake is not merely short-term instability — it is a crisis of the entire Fifth Republic political regime as it enters a new phase in its history.
France, like many other European countries, has seen a historic decline of the old workers’ parties. Yet the rise of France Insoumise has ensured the renewal of a dynamic left rooted in popular mobilization.
Emmanuel Macron has been a president for the rich, but his faltering support has also left big business unsure if it can rely on his party. For many French capitalists, the answer is to build up ties with Marine Le Pen’s far-right Rassemblement National.