France

The recent news from across the Atlantic took the global financial community by surprise when French President Emmanuel Macron took the audacious step of raising the legal retirement age in his country from 62 to 64. This bold move, bypassing parliament, sparked significant controversy and could potentially provoke a vote of no confidence against his government. According to President Macron, the unpopular pension reform is a necessary measure to address financial deficits stemming from pandemic spending and the ongoing European energy crisis. The world, and particularly the U.S., watches these…