Assailed by social unrest and lagging in opinion polls, French President Emmanue...
AIX-EN-PROVENCE, France - Assailed by social unrest and lagging in opinion polls, French President Emmanuel Macron has for now managed to cling on to a well of support from company leaders in France even as his reform push loses momentum.
“The situation isn’t as bad as some think. He’s done more in two years than other presidents did in five or 10 years,” the banker added. But plans to reform unemployment insurance were only unveiled in June after months of delay, and a well-flagged pension overhaul now looks unlikely to happen before next year.
“He’s not going as fast as he could or should, but politically he’s still got open freeway in front of him,” a senior executive at one of France’s biggest companies told Reuters.On the streets, a backlash over high living costs and perceived elitism has also simmered down.
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