France's Prime Minister Sebastien Lecornu on Tuesday backed the suspension of an unpopular 2023 pensions reform, in a key move to bolster his cabinet's survival and draw his country out of political crisis.

France, the eurozone's second-largest economy, has been battling a deep political crisis since President Emmanuel Macron last year called snap elections to consolidate his power but instead lost his majority.

After parliament toppled his two predecessors over cost-cutting measures, Lecornu, the president's seventh premier since 2017, is battling to keep his cabinet alive long enough to pass a much-needed austerity budget by the end of the year.

The Socialists, a swing group in parliament, had threatened to vote to topple the government if he did not immediately suspend the pensions r

See Full Page