French President Macron overrides parliament to pass retirement age bill

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French President Macron overrides parliament to pass retirement age bill
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France's President Macron on Thursday invoked special constitutional powers to push his plan to raise the retirement age to 64 from 62 through the lower house of parliament.

Lawmakers opposed to the reforms booed, chanted and shouted "resignation" as she spoke, Reuters reported. At one point the session was suspended for two minutes as politicians sang the national anthem too loudly for her to be heard.

Strikes have taken place since the start of the year and intensified over the last week, hitting transport, schools, oil refineries, the public sector and beyond. The action has resulted in trash building up in parts of Paris. However, lawmakers are unlikely to vote in a majority to dissolve the National Assembly and hold new elections, Renaud Foucart, a senior lecturer in economics at Lancaster University, told CNBC by phone.Foucart said the government had its eyes on the next national election, when Macron will not be running. The move means the "entire responsibility" for the reforms lies with him, rather than individual lawmakers who vote in favor of it.

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