Using the special powers the Constitution grants to the French president, he will put into effect the pension reform even if it is not approved by the Lower House.
Macron decided to do this after a meeting with Prime Minister Elisabeth Borne and other members of his cabinet, who informed him that votes from the French right were not enough to pass the pension reform.
To justify the change in the French pension system, Macron has argued that the reform seeks to guarantee financial balance in the face of a potential deficit of US$16 billion in 2032.
This financial deficit, which might represent up to 8 percent of the gross domestic product (GDP), would occur due to the aging of the resident population in France, where the number of retirees will exceed the number of workers contributing to security social.
�� A l'annonce du 49.3, la foule rassemblée aux abords de l'Assemblée nationale se met à chanter.