Arthur Delaborde 2:10 p.m., January 03, 2023

Elisabeth Borne announced on Tuesday the temporary withdrawal of the pension reform provision which provided for further tightening in the event of unemployment falling below 6%.

Faced with the revolt that is preparing against the reform, the president is faced with an impasse: give up or carry out a minimum pension reform.

TO ANALYSE

A step back on unemployment insurance in the explosive context of pension reform: Elisabeth Borne announced on Tuesday the temporary withdrawal of the provision which provided for further tightening in the event of unemployment falling below 6%.

The president is facing an impasse: abandoning or carrying out this

minimum pension reform,

which would amount to sending a disastrous signal and would sign Emmanuel Macron's inability to govern, or even the end of his five-year term.

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Carry out the reform as soon as possible

Emmanuel Macron knows this very well, to tackle such a sensitive issue, he must do so now at the start of his second term.

The longer he waits, the harder it will be to carry out major reforms.

Emmanuel Macron will not be able to run again in 2027. Consequently, the competition to succeed him will be increasingly fierce within his own camp.

The game is far from over for the executive.

Except surprise, the unions will remain united against the text.

And the political leeway is very narrow.

Convince the Republicans

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Pensions: postponing the retirement age to 65 "is not a totem" according to Elisabeth Borne

In a configuration where there is no absolute majority in the Assembly, the government is working hand-to-hand with the Republican deputies who are decisive for an adoption.

In addition to the latest discussions with the unions, Elisabeth Borne should meet in the coming days with right-wing officials who have seen their last three candidates broadly support this pension reform.