October 27, 2022
1 min read

Macron vows solution to high inflation

The president called for “social dialogues” to prevent and end strikes — especially the most recent ones that triggered nationwide fuel panics….reports Asian Lite News

French President Emmanuel Macron has pledged to “never leave the French without a solution” in the face of high inflation and strikes.

“We will go through the storm together,” Macron said during an interview titled “The French Emergencies,” aired on the national television France 2, Xinhua news agency reported.

He said the country will expect a 15-percent rise in electricity and gas prices at the start of next year, but the government will continue the energy tariff shield and will help students, low and medium-income households as well as businesses.

The government’s strategy is to “stabilise public spending, repay our debts, maintain growth, create jobs and lower taxes,” Macron said.

He promised to create more employment opportunities for the young people.

The president called for “social dialogues” to prevent and end strikes — especially the most recent ones that triggered nationwide fuel panics.

Macron also defended the pension reform of raising retirement age to 65. Otherwise, pension contributions will have to increase or the seniors’ retirement pensions will be reduced, he added.

“From 2023, we will have to shift the legal retirement age by four months per year,” said the French president.

Macron acknowledged that compared to China, France is a late starter in the production of electric cars and batteries, but aims to have two million electric cars and two million batteries made in France by the end of his presidential term in 2027.

Meanwhile, he said the government will continue to subsidise households in electric car purchases.

ALSO READ: India to speed up Jaitapur N-plant ahead of Macron visit

Previous Story

Braverman’s return irks opposition

Next Story

‘Azadi March’ will be biggest freedom movement in Pak history: Imran

Latest from -Top News

Lahore Tops World Pollution Chart

Along with Lahore, Pakistan’s Karachi also featured in the top 10 most polluted cities globally. …reports Asian Lite News Lahore, Pakistan, continues to hold the title of the world’s most polluted city.

India vigilant as Nepal faces political uncertainty

Indian agencies suspect that external elements are making attempts to create a political vacuum in the country. …reports Asian Lite News India is closely monitoring political developments in Nepal, emphasising that stability

India vows stronger maritime ties with ASEAN

Conveying Prime Minister Narendra Modi’s warm greetings on the 20th anniversary of the East Asia Summit (EAS), he said India deeply values the members’ contributions to regional peace, progress, and prosperity….reports Asian
Go toTop

Don't Miss

France to work with India to ensure meaningful G20 summit in Sept

India and France are going ahead in the space sector

France to supply Mirage warplanes to Ukraine, says Macron

The French president also announced plans for Ukrainian pilots to