Overview
- The Parti socialiste, which unveiled the 144-page draft Wednesday, opened a six-week amendment window with a members’ vote planned before summer and faced criticism for presenting it to the press before internal consultation.
- Flagship economic ideas include lifting the net minimum wage to €1,690, a 2% annual wealth tax on assets above €100 million, and a new levy on large inheritances above €200,000, with figures not yet costed.
- On pensions, the party proposes repealing the Borne reform by restoring the legal retirement age to 62 and keeping a pay-as-you-go system that requires 43 years of contributions with adjustments for arduous work.
- For immigration, the draft backs regularisation through work with a residence permit for any foreign worker who holds an employment contract for at least six months.
- The ecological and industrial plan seeks a 100% carbon-free power mix by 2050, removes electricity from market pricing, and allows minority state stakes or last-resort nationalisations in key sectors such as steel, energy, and chemicals.