French PM confirms EDF nationalisation and pensions reform

French Prime Minister Élisabeth Borne, addressing Parliament with the first policy speech of her new government, announced that France's debt-laden energy giant EDF is to be nationalised, that a reform of the pension system was 'indispensable', and promised an imminent introduction of measures to ease the growing cost of living crisis.

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France is to renationalise its indebted electricity giant EDF in response to the energy crisis aggravated by Russia’s invasion of Ukraine, the country’s prime minister, Élisabeth Borne, has announced, reports The Guardian.