Protesters Invade Euronext Paris Stock Exchange Over Pension Reform
Protesters Invade Euronext Paris Stock Exchange Over Pension Reform
Protesters stormed Euronext, the Paris Stock Exchange located in La Défense, to voice their anger over proposed pension reforms. The demonstration caused widespread disruption, with the police resorting to tear gas and batons to disperse the protesters.
The rally, which was organized by the General Confederation of Labor (CGT) union, drew large crowds of protesters. The union, which is one of the largest in France, is pushing back against the government’s plan to merge France’s 42 different pension schemes into a single points-based system. The new system is expected to make it harder for some workers, particularly those in the public sector, to retire early.
The protesters broke into the Euronext building, vandalizing property, and causing damage to the stock exchange’s trading floor. They demanded that the government scrap its pension reform plans, which they say would disadvantage millions of workers. The CGT called for a nationwide strike to protest against the reforms, which they claim are part of President Emmanuel Macron’s broader agenda to roll back labor protections.
The demonstrations have had a significant impact on the French economy, with transport workers and teachers also going on strike in solidarity. The pension reform proposals have been a major source of controversy in France, with the government facing widespread criticism from unions and civil society groups. The government argues that the current pension system is unsustainable and needs to be reformed to ensure its long-term viability.
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