{"id":81072,"date":"2023-03-07T15:18:38","date_gmt":"2023-03-07T11:18:38","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=81072"},"modified":"2023-03-07T15:18:39","modified_gmt":"2023-03-07T11:18:39","slug":"france-massive-protests-against-the-retirement-system-threaten-to-paralyze-the-country","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/france-massive-protests-against-the-retirement-system-threaten-to-paralyze-the-country\/03\/07\/market-updates\/","title":{"rendered":"France: Massive protests against the retirement system threaten to paralyze the country"},"content":{"rendered":"\n<p>France is witnessing massive demonstrations on Tuesday, March 7, against the pension reform proposed by President Emmanuel Macron, while unions expect to &#8220;paralyze&#8221; the country through strikes and demonstrations.<\/p>\n\n\n\n<p>&#8220;I call on the employees of this country, I call on citizens and retirees to demonstrate massively,&#8221; said the Secretary General of the reformist union, Laurent Berger, on Monday. &#8220;The President of the Republic cannot continue to ignore&#8221; our action, he said.<\/p>\n\n\n\n<p>This is the sixth day of movement since January 19 against reforming the retirement system. Opposition is concentrated in particular on a clause in this reform that provides for raising the legal retirement age from 62 to 64 years.<\/p>\n\n\n\n<p>For weeks, unions have increased pressure and declared that the country should prepare to live in a &#8220;state of paralysis&#8221; for 24 hours, calling for massive demonstrations and renewable strikes in strategic sectors in an attempt to force the government to withdraw the project.<\/p>\n\n\n\n<p>According to a police source, the number of protesters is expected to be between 1.1 and 1.4 million across the country.<\/p>\n\n\n\n<p>Truck drivers have been posting barricades since Monday morning, and teachers will renew their strike.<\/p>\n\n\n\n<p>Production cuts continue in the electrical sector, which began moving on Friday.<\/p>\n\n\n\n<p>Three of the four LNG terminals that allow gas to be imported into France have stopped working for &#8220;seven days,&#8221; the anti-reform General Labor Confederation said Monday evening.<\/p>\n\n\n\n<p>Decommissioning of these stations will suspend the supply of gas to the GRT gas distribution network, unloading of LNG carriers and filling of LNG tanks.<\/p>\n\n\n\n<p>The national railway company and the company that runs the Paris metro network warned that the lines&#8217; trips would be severely affected on Tuesday and that movement would continue until at least Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>France is witnessing massive demonstrations on Tuesday, March 7, against the pension reform proposed by President Emmanuel Macron, while unions expect to &#8220;paralyze&#8221; the country through strikes and demonstrations. &#8220;I call on the employees of this country, I call on citizens and retirees to demonstrate massively,&#8221; said the Secretary General of the reformist union, Laurent &hellip;<\/p>\n","protected":false},"author":9,"featured_media":52473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[6917,6920,7022,6951],"class_list":["post-81072","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-eu","tag-france","tag-macron","tag-natural-gas"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=81072"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81072\/revisions"}],"predecessor-version":[{"id":81073,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81072\/revisions\/81073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52473"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}