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☆ Russia's economy is so driven by the war in Ukraine that it cannot afford to either win or lose, economist says
▼ + stars: | 2024-02-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russia's economy can't afford to win or lose the war in Ukraine, one economist says. AdvertisementRussia's economy is completely dominated by its war in Ukraine, so much that Moscow cannot afford either to win or lose the war, according to one European economist. AdvertisementOther areas of Russia's economy are hurting as the war drags on. So it cannot afford to win the war, nor can it afford to lose it. Russia's economy will see significantly more degradation ahead, one London-based think tank recently warned, despite talk of Russia's resilience in the face of Western sanctions.

Persons: That's, Renaud Foucart, —, Foucart Organizations: Ukraine, Service, Lancaster University, Kremlin, Russia Locations: Ukraine, Russia, Moscow, China, London

☆ Farmers’ protests have erupted across Europe. Here’s why
▼ + stars: | 2024-02-03 | by ( Sophie Tanno | Chris Liakos | ) edition.cnn.com time to read: +10 min

This week, the farmers’ protests struck at the heart of the European Union, when they rolled into Brussels on Thursday as leaders held a major summit on Ukraine. The EU has waived quotas and duties on Ukrainian imports in light of Russia’s invasion of Ukraine. “In Germany, it was really focused on diesel, so starting to tax diesel for tractors. France this week announced a series of measures for farmers in light of the protests. This has already been seen in Germany, when the far-right Alternative for Germany (AfD) involved itself in the protests and expressed solidarity with the farmers.

Persons: ”, Sebastien Bozon, Kay Nietfeld, Hugo Auge, Chancellor Olaf Scholz’s, Dimitar Dilkoff, Emmanuel Mathé, “, we’re, Anger, Renaud Foucart, Sakis Mitrolidis, Stefano Guidi, Gabriel Attal, Attal, Ursula von Der Leyen, Rob Engelaar Organizations: CNN — Farmers, CNN, European Union, Toulouse, BFMTV, Getty Images Farmers, AP, Farmers, Getty, ” Farmers, EU, Lancaster University, Deal, Green, European Commission, French, Farmer, Citizen Locations: Europe, Paris, France, Italy, Spain, Romania, Poland, Greece, Germany, Portugal, Netherlands, Eastern Europe, EU, Brussels, Ukraine, Zandvliet, Meer, Lyon, Vesoul, AFP, Berlin, Thessaloniki, Spanish, Hamburg, Cologne, Bremen, Nuremberg, Munich, Eastern, Bulgaria, Yvelines, French, Noisy, Seine et Marne, England, Novara, Belgium, Arendonk, Dutch

☆ France's Macron seeks to show he's no lame duck as pension discontent rumbles on
▼ + stars: | 2023-06-08 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

France's President Emmanuel Macron looks on in a meeting with JP Morgan CEO during the 5th edition of the "Choose France" Business Summit, in Versailles, southwest of Paris, on July 11, 2022. Around 8,000 demonstrators took to the streets of Toulouse, France, on June 06, 2023, protesting against the government. "They know Macron has no alternative than to rely on them, making it almost impossible to develop the centrist domestic project," he said. This is largely attributable to Macron's agenda," Schmieding said, adding France was replacing Germany was the most dynamic major European economy. French President Emmanuel Macron and Chinese President Xi Jinping shake hands at a Franco-Chinese business council meeting in Beijing, China April 6, 2023.

Persons: Emmanuel Macron, Morgan, Ludovic Marin, Chancellor Olaf Scholz, Macron, Renaud Foucart, Foucart, Les Republicains, Mujtaba Rahman, Rahman, Bruno Le Maire, Elon Musk, Holger Schmieding, Schmieding, Xi Jinping Organizations: Business, Afp, Getty, Nurphoto, Lancaster University, Eurasia Group, Macron, Finance, EU, U.S, Elon Locations: Versailles, Paris, Germany, Union, Toulouse, France, China, Ukraine, Europe, Beijing

☆ French court to rule on pension age rise as nationwide protests rage on
▼ + stars: | 2023-04-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Riot police guard the Constitutional Council building during a demonstration against pension reform in central Paris, France, on Thursday, April 13, 2023. French unions are held strikes and protests on Thursday against President Emmanuel Macron's pension reform, seeking to maintain pressure on the government before a ruling on the law's constitutionality. Bloomberg | Bloomberg | Getty ImagesFrance's Constitutional Council will rule on the legality of President Emmanuel Macron's controversial pension system reforms on Friday, as nationwide protests against raising the retirement age rumble on. While some hope the Constitutional Council will fully reject the bill, many commentators say that is unlikely. Demonstrators march along the vieux port during the 12th day of nationwide strike on pension reform on April 13, 2023 in Marseille, France.

☆ The French protests seem to be growing — and that wasn't expected, economics lecturer says
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe French protests seem to be growing — and that wasn't expected, economics lecturer saysRenaud Foucart, senior lecturer in economics at Lancaster University, discusses the French protests over pension reform, saying at some point demonstrators will want to return to their ordinary lives.

What’s making the French so angry is a new retirement age that will still be one of the lowest in the industrialized world. Under a new law, pushed through parliament without a vote last week, the retirement age for most French workers will be raised from 62 to 64. In the United States and the United Kingdom, the retirement age is between 66 and 67, depending on the year you were born. Protesters in Bordeaux, western France, on March 23, 2023 Philippe Lopez/AFP/Getty ImagesState pensions in France are also more generous than elsewhere. The French government has defended the retirement reform — which includes other changes — as necessary to keep the pension system funded.

☆ 'Let's bring France to a halt': Oil refineries blocked and trains halted by pension reform protests
▼ + stars: | 2023-03-07 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Christophe Archambault | Afp | Getty ImagesStrike action over plans to raise the pension age in France caused widespread disruption on Tuesday, as trains came to a near-standstill, many schools were shut and fuel deliveries were blocked from refineries. Lou Benoist | Afp | Getty ImagesEric Sellini, a representative from the CGT union at TotalEnergies, told Reuters that a strike blocking the Gonfreville refinery in Normandy would run until Thursday. Another at the Donges refinery in western France is set to run until Friday, he added. Sameer Al-doumy | Afp | Getty ImagesThe strikes come as French workers grapple with red-hot inflation, which accelerated unexpectedly in February to hit 6.2% year-on-year. Around two thirds of the public support protests against the pension reforms, according to an Elabe survey.

From September this year, the regular retirement age will increase by three months a year until 2030. The higher retirement age should tackle a pension funding deficit, Prime Minister Élisabeth Borne told reporters on Tuesday as she laid out the reforms. Revamping the pensions system has been a key element of French President Emmanuel Macron’s election campaigns. In the United States and the United Kingdom, the retirement age is between 66 and 67, depending on the year in which you were born. An earlier attempt by Macron to revamp the pensions system was met with nationwide strikes in 2019 before being abandoned during the Covid-19 pandemic.

☆ 'Quick and dirty maybe': How Macron may be able to pass a key pension reform
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Quick and dirty maybe': How Macron may be able to pass a key pension reformRenaud Foucart, senior lecturer in Economics at Lancaster University, outlines what to expect from French President Emmuanuel Macron's upcoming pension reform.

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