The French prime minister has resorted to a rarely used emergency procedure to push through labour market reforms without a parliamentary vote.
Manuel Valls faced opposition from some MPs in his own Socialist Party, as well as Green MPs over the reforms.
The Socialists have a majority, but now face a confidence vote on Thursday. The reforms will be adopted automatically if the government wins the vote.
The plan is to scrap barriers in law firms and extend shop opening hours.
The reforms should make it easier for young people with law qualifications to get jobs as solicitors, bailiffs or court clerks.
Long-distance bus operations will be opened up to competition, under the so-called “Macron Law”, named after Economy Minister Emmanuel Macron.
The new law will also speed up labour tribunal proceedings in dismissal cases.
The Socialists are expected to survive the confidence vote, which was demanded by the centre-right opposition UMP.
via BBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019