MNI BRIEF: French Pension Reform Suspension To 2027 - Lecornu

French Prime Minister Sebastien Lecornu proposed suspending France's landmark pension reform until the next presidential election in 2027 in a bid to win support from the Socialist Party for the 2026 budget.

The government is potentially facing two votes of confidence in coming days, but the prime minister said during a speech to the National Assembly on Tuesday that he would not resort to using his 49.3 powers under the constitution to pass a budget without a vote. 

Lecornu also said France urgently needs spending cuts and promised tax cuts for small businesses.  (See MNI INTERVIEW: ECB Should Not Ease French Bond Woes - Papadia)