Will Macron finally fix France?

French president Emmanuel Macron is launching his “flagship reform”: a revamp of France’s notoriously rigid labour market. Two previous attempts flopped – can Macron succeed?

"Crunch time for Emmanuel Macron has arrived," says Kim Willsher in The Observer. The president is launching his "flagship reform": a revamp of France's notoriously rigid labour market. Two previous attempts to shake up the "weighty and hugely complex" labour code and boost employment and growth flopped: in the 1990s there was a general strike, while under Macron's predecessor Franois Hollande, major protests prompted the changes to be quietly shelved. Could it be third time lucky?

His plan is to "bring France into the 21st century", as he puts it. One notion is to give companies more say in organising working time and pay, allowing staff to hold a referendum if powerful national unions resist. The unemployment benefit system, jointly run by unions and employers, is to be taken over by the government, allowing it to tighten benefit rules and promote training for the unemployed, not just "the system's insiders", says The Economist.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.