2023-04-20 08:00:14
If, despite its historic scale, the mobilization against the pension reform has not put France ” off “, this does not mean that it did not have an impact on the French economy. On the macroeconomic level, the mobilizations of 2010, 2019 or the “yellow vests” have shown that this impact is still moderate. In its monthly economic survey, published on 11th April, the Banque de France even revised its growth forecast for the first quarter slightly upwards.
This same note, however, imputes to “social movements” the decline in value added in March in the activities “trade, accommodation-catering, transport” (− 1.4%) and in refining, electricity production and waste management (− 6.9%). These sectors have played a leading role in the strikes since January.
Bloomberg also estimates that the “French strikes have slowed the way out of the European energy crisis”. The mobilization in the four French LNG terminals, three of which are operated by Elengy, a subsidiary of the network manager GRTgaz, deprived France of 1 million tonnes of liquefied natural gas. For a cost of around 650 million euros, estimated Friday, April 14, the press agency.
“Invisibility Strategy”
The National Federation of Mines and Energy CGT has chosen to hit companies in the portfolio rather than penalizing households with long cuts. Sometimes even to be less visible, except for multiple symbolic power cuts. Like the one in the Muttersholtz factory (Bas-Rhin), visited on Wednesday April 19 by the Head of State, Emmanuel Macron.
Renewable strikes in nuclear, hydraulic or gas power plants have led to sharp drops in production and a shift in maintenance schedules. According to information from the Archyde.com agency, confirmed in Mondethis would represent a shortfall of 1 billion euros for the EDF group alone, forced to source more than expected on the wholesale market to compensate.
The company, in which the State is in the process of taking over 100% of the capital, however refuses to provide any official figures.. Ditto at Engie for gas storage, or at TotalEnergies for refineries, in which the government has again requisitioned employees. As much as the Ministry of Energy Transition was happy to communicate during the movement of refiners in the fall, it has been less forthcoming since March on the supply of service stations. Nationally, up to 17% would have had their pumps stopped.
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