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Reuters
Reuters
Business

France's Macron says 2023 will be the year of pension reform

French President Emmanuel Macron is seen on a screen through the light of a Christmas tree as he delivers his New Year's speech to the nation at the Elysee Palace in Paris, France, December 31, 2022. REUTERS/Sarah Meyssonnier

The coming year will be one of much-delayed pension reform, President Emmanuel Macron told the French in a New Year's Eve speech on Saturday.

Reforming France's costly and complicated pension system was a key plank of Macron's election platform when he came to power in 2017.

But his initial proposals provoked weeks of protests and transport strikes just before the COVID-19 pandemic hit. Macron put the initiative on hold as he ordered France into lockdown in early 2020.

French President Emmanuel Macron is seen on a screen as he delivers his New Year's speech to the nation at the Elysee Palace in Paris, France, December 31, 2022. REUTERS/Sarah Meyssonnier

"We need to work longer," he said in a televised speech, adding that the reform would be implemented by the end of the summer.

Macron, who won a second presidential mandate in April but lost his outright majority in parliament in June - making it tougher for him to implement reforms - urged the French to be united.

Macron has long made it clear he wants to raise the retirement age - but this has already met fierce resistance from unions and, according to polls, is deeply unpopular with the public.

In his New Year speech, he also urged the French to continue with energy savings, saying this was one way for the country to avoid electricity cuts, as the war drags on in Ukraine.

(Reporting by Ingrid Melander; Editing by Hugh Lawson)

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