๐ŸŒ French protests over Macron’s pension reforms


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Hi Intriguer.ย Itโ€™s shaping up to be a yuuuuge week: Chinese President Xi lands in Moscow today for talks that will dominate at least a few news cycles; Credit Suisse looks to have finally kicked the bucket (which is Swiss for being bailed out by UBS); and former US President Trump claims heโ€™s about to be arrested. And that just gets us through to Tuesday.

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Todayโ€™s briefing is a 4.8 min read:ย 

  • ๐Ÿ‡ซ๐Ÿ‡ท Protestors continue to clash with police in France.ย 

  • ๐Ÿ‡ท๐Ÿ‡บ The ICC issues an arrest warrant for Russian president Putin.

  • โž• Plus: Oil prices are down, how the papers are covering Xi Jinpingโ€™s visit to Russia, and Australiaโ€™s at war (with birds) (again).

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– Valentina, Ethan and Jeremy

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๐ŸŽง Todayโ€™s Intrigue Outloud: Go deeper into the protests in Paris, plus the attempts to arrest a former prime minister in Pakistan.

๐Ÿ—บ๏ธ AROUND THE WORLD
  1. ๐Ÿ‡น๐Ÿ‡ผย Taiwan: Former President Ma will visit China this month, the first time any Taiwanese leader (former or current) has visited the mainland since the defeated Republicโ€™s leaders retreated to Taiwan in 1949.

  2. ๐Ÿ‡ธ๐Ÿ‡ฐย Slovakia: Following Polandโ€™s lead, Slovakia is sending more than a dozen Soviet-era Mig-29 warplanes to Ukraine. To date, most NATO allies have worried that delivering fighter jets could lead to escalation.

  3. ๐Ÿ‡ป๐Ÿ‡ณย Vietnam: A court has sentenced a 60-year-old Facebook user to two years in prison for attempting to โ€˜overthrow the stateโ€™. Authorities used a controversial press freedom law to arrest him.

  4. ๐Ÿ‡ง๐Ÿ‡ดย Bolivia: The credit ratings agency Fitch downgraded Boliviaโ€™s credit rating to a B-minus. Bolivia is dangerously low on foreign reserves, despite the countryโ€™s central bank consistently using the hashtag #WeAreAStableCountry (in Spanish) on Twitter.

  5. ๐Ÿ‡ฒ๐Ÿ‡ฟย Mozambique: Police fired tear gas and rubber bullets at protestors planning a march in honor of an anti-government rapper named Azagaia, who died of a seizure last week. Azagaiaโ€™s 2017 song โ€œPovo No Poderโ€ (Power to the People) was censored across state media.

๐Ÿ‡ซ๐Ÿ‡ท FRANCE | PROTESTS

Credit: Reuters

Protestors continue to clash with police in Paris

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Briefly: French protestors continued to rally over the weekend after President Macron’s government pushed controversial pension reforms through without a vote.

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France is ‘ageing’. This doesn’t mean everyone’s watching more Matlock, it means folks are living longer and having fewer kids. So there are now fewer workers paying into the pension fund, and more retirees drawing it down. And thatโ€™s unsustainable.

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But who should fix this? Macronโ€™s critics say France should instead tax the wealthy or get firms to make more pension contributions. But taxing the rich is like nailing jello foie gras to the wall – and when you make it more expensive for companies to hire people, companies tend to hire fewer people.

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Itโ€™s the seventh time France has attempted pension reform since the 1980s, when President Mitterrand cut the retirement age to 60. President Sarkozy then jacked it back up to 62 in 2010. And Macron has long campaigned on raising it further to 64. Now heโ€™s actually doing it.

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France isnโ€™t the only country dealing with an ageing population. Japan is trying to re-balance its demographics by encouraging more women to work. Korea has spent $200B trying to get couples to have more babies. In Australia and the US, young immigrants have helped slow the ageing process.

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Intrigueโ€™s take: What’s really notable in France is how much this issue has fired up both the far right (some would include Marine Le Pen in that) and the far left (thereโ€™s a French Communist Party, and itโ€™s not happy).

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Macronโ€™s government will likely survive the no-confidence vote scheduled for today (Monday). And if he gets his way, his legacy will be a more sustainable pension system. But if Macron doesnโ€™t get his way, his legacy could well be a more radicalised and polarised France.

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Also worth noting:

  • Striking garbage workers have left more than 10,000 tonnes of trash rotting in the streets of Paris, but theyโ€™re still letting some garbage trucks through to incinerators “to limit the risk of an epidemic”.

  • Two thirds of French people oppose Macronโ€™s reforms, and his popularity has plummeted to just 28%, the lowest in four years.

๐Ÿ“ฐ GLOBAL PERSPECTIVES

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How different newspapers covered: Xi Jinpingโ€™s visit to Russia.

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Links: ABC, Xinhua, AP News.

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Todayโ€™s briefing is sponsored byย Highland Titles

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If youโ€™re looking for an internationally intriguing gift, check this out!

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๐Ÿ‡ท๐Ÿ‡บ RUSSIA | ICC

The ICC has issued an arrest warrant for Vladimir Putin.

Putin is now wanted by the ICC

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Briefly: The International Criminal Court (ICC) issued a warrant for the arrest of Vladimir Putin on Friday. Both the Russian President and Russian children’s rights commissioner Maria Lvova-Belovaare are wanted in connection with the unlawful deportation of Ukrainian children to Russia, which constitutes a war crime under the Fourth Geneva Convention.

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At least 6,000 Ukrainian children have been sent to facilities across Russian-occupied Crimea and Russia since the invasion.

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But Putinโ€™s not getting arrested any time soon: Kremlin Spokesman Dmitry Peskov described the ICCโ€™s warrant as โ€œoutrageous and unacceptableโ€, and reminded everyone that Russiaโ€™s not actually an ICC member.

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Intrigueโ€™s take: Peskov is distracting from the real issue, which is precisely what heโ€™s paid to do. Nobodyโ€™s expecting Russia to suddenly realise the errors of its ways and hand its president over for a war crimes trial in The Hague. But that doesnโ€™t mean the ICCโ€™s arrest warrant is pointless:

  • It stains Russia with the implicit condemnation of the ICCโ€™s 123 members.

  • It isolates Putin because all ICC members now have an obligation to detain him if he enters their territory.

  • And it encourages Putinโ€™s enemies at home (see next point).

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Nobody (including us) expects Putin behind bars any time soon. But nobody expected to see former Serbian president Slobodan Miloลกeviฤ‡ there either. Then a popular uprising toppled his regime, and Miloลกeviฤ‡ was sitting in a Dutch jail a few months later.

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What weโ€™re saying is, historyโ€™s full of plot twists.

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Also worth noting:

  • Russia isnโ€™t the only major country thatโ€™s not an ICC signatory. Others include the US, China, India and Ukraine.

  • Meanwhile, Vladimir Putin paid a โ€˜surpriseโ€™ visit to occupied Mariupol in Ukraine; โ€œ[h]e has come in person to see what he has doneโ€, Mariupol’s Ukrainian mayor in exile Vadym Boychenko told the BBC.

๐Ÿ‘€ EXTRA INTRIGUE

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Monday funday:

ย ๐Ÿ“Šย CHART OF THE DAY

Credits: Financial Times.

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What goes up…

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Benchmark crude oil prices have decreased by 15% in little more than a week as the ongoing Silicon Valley Bank and Credit Suisse dramas spook global markets.

Who do you think is right in France?

Login or Subscribe to participate in polls.

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Thursdayโ€™s poll: Do you think there’s still value in Russia recovering the wreckage of the US drone?

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๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉ๐ŸŸฉย ๐Ÿ’ฝ Yes, to study the drone’s tech (46%)

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๐ŸŸจโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธ ๐ŸŽž๏ธ Yes, to see what the US was gathering intelligence on (8%)

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๐ŸŸจ๐ŸŸจ๐ŸŸจ๐ŸŸจโฌœ๏ธโฌœ๏ธ โœŠ Yes, as a symbolic f* you gesture (38%)

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๐ŸŸจโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธ ๐Ÿคท No, its drives were wiped remotely then fried by water (8%)

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โฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธโฌœ๏ธ ๐Ÿ–‹๏ธ Other (write in!) (1%)

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Your two cents:

  • ๐Ÿคทย G.L: โ€œAfter 20 years of War in Afghanistan it would be naรฏve to think the Russians have never seen the insides of an MQ-9. This is not the first Remotely Piloted Aircraft (RPA) to crash.โ€

  • ๐Ÿ–‹๏ธ D.M: โ€œConsidering this contributes to already high tensions, despite us being past this probably, it would be a good gesture to leave it and allow the US or allies to recover the remains.โ€