France will take its time reforming cherished pension system: PM

FILE PHOTO: French Prime Minister Edouard Philippe speaks during a news conference after the government’s weekly cabinet meeting at the Elysee presidential palace in Paris, France September 4, 2019. Ludovic Marin/Pool via REUTERS

PARIS (Reuters) – French Prime Minister Edouard Philippe on Thursday said his government would not rush reform of France’s long cherished pension system, perhaps the most perilous yet of the social and economic reforms sought by President Emmanuel Macron.

“We are ready to take the time that is needed,” Prime Minister Edouard Philippe said in a speech in which he is expected to set out how and over what time period his government will reform France’s convoluted pension system.

“Nothing is set in stone,” he continued.

France was roiled in late 2018 and the first half of this year by sometimes violent anti-government protests against high living costs and Macron’s first wave of reforms to liberalise the economy. Macron says he has heard the anger.

Reporting by Richard Lough; Editing by Christian Lowe

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