French chaos ahead? Crumbling Europhile Macron must FACE DOWN militant unions to save face
FRENCH President Emmanuel Macron has to deliver on his campaign pledge to reform labour law to avoid a further crisis as polls show support for his presidency is declining.
By AURORA BOSOTTI
Express.co.uk
Mon, Aug 7, 2017
Investment expert Jonathan Fenby said that it is “essential” for Macron to deliver on his promise to reform French labour laws in order to succeed as President.
Speaking to CNBC, Fenby said: “This labour law is absolutely essential to Macron. if he doesn’t get that through, he is a busted flush in lots of ways. He’s gotta get that through.”
“Hollande backed off very largely, Macron’s gotta stick with it.”
During the electoral campaign, then-candidate Macron pledged to renovate current labour laws to kick-start the revitalisation of the French economy.
At the moment, France’s labour law comprises 3,324 pages regulating all aspects of the work structure from firings to health and security.
Trade unions in the country have been resisting reform of the code for years in fears of a deterioration of workers’ rights.
However, Fenby said that since Macron’s election the trade union “dynamic” has begun to change.
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