Factbox-Macron wants the French to work longer, shake up welfare state
Reuters
Published Apr 23, 2022 07:34AM ET
Updated Apr 23, 2022 02:42PM ET
By Michel Rose
PARIS (Reuters) - President Emmanuel Macron, a former investment banker who was elected in 2017 on a promise to be neither of the left nor the right, is projected in voter surveys to win a second term against a resurgent far-right Marine Le Pen, although with a smaller margin of victory.
Here are his main policy proposals:
ECONOMY
* Raise the minimum pension age to 65 from 62 and increase the minimum monthly pension to 1,100 euros ($1,187).
* Require 15-20 hours a week of training for welfare benefit recipients
* Cut taxes by 15 billion euros with half for households and the rest for businesses.
* Further loosen labour market rules and reform unemployment insurance to make payments vary according to the state of the economy
* Raise the threshold over which inheritance tax kicks in from 100,000 euros to 150,000 euros
EUROPE, INTERNATIONAL AFFAIRS
* Make the European Union more self-sufficient in defence, agriculture, energy and strategic economic sectors
* Strengthen the capacities of national European armies, increase co-ordination between them and create a "common military doctrine"
* Create European industrial champions including a "European metaverse"
* Reform the European electricity market
IMMIGRATION & SECURITY
* Make long-term residence permits conditional on a French exam and employment
* Expel foreigners deemed to be trouble-makers
* Create a rapid-action force to restore order in troubled "banlieues", economically deprived suburbs.
* Broader scope for on-the-spot-fines for petty crime
ENERGY
* Build six new nuclear reactors and launch studies for another eight, increase solar energy capacity tenfold, build 50 wind farms at sea by mid-century
* Take control of certain energy companies, suggesting that the government would revive stalled plans to buy out minority shareholders in nuclear utility EDF (EPA:EDF)
* Renovate 700,000 homes a year
* Leasing scheme to make electric vehicles more accessible
* Put the next prime minister directly in charge of "green planning" to make France the "first great nation". Stop using oil, coal and gas
Get The News You Want
($1 = 0.9264 euros)
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.