French President Emmanuel Macron has announced that he will suspend the proposed changes to the pension reform in France. This decision comes in response to ongoing protests in the country’s overseas territories, including New Caledonia. The reforms have raised concerns among banks, as they could potentially undermine the autonomy and independence of these institutions. The unrest caused by this issue has been widespread, leading to violent confrontations, barricades, arson, and looting. Macron has declared a state of emergency in New Caledonia and sent additional security forces to help quell the violence. The curfew imposed by the French government’s administration has also been extended until June 17th.

In addition to the situation in France, clashes have erupted in New Caledonia between pro-independence Kanak activists and those loyal to France. These clashes have resulted in injuries and property damage. Macron has acknowledged the need for a constructive review of the statutory withdrawal and emphasized the importance of dialogue on the ground to address the situation.

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