Macron to address France early next week on protests

0
© Reuters. FILE PHOTO: French President Emmanuel Macron (centre) on a visit to the riot-battered neighbourhood around the Arc de Triomphe in Paris© Reuters. FILE PHOTO: French President Emmanuel Macron (centre) on a visit to the riot-battered neighbourhood around the Arc de Triomphe in Paris

PARIS (Reuters) – French President Emmanuel Macron will address France on the “yellow vest” movement early next week as the country braces for another wave of violent protests on Saturday over the cost of living.

“The President will speak early next week. I think this is what the French people want, they want answers. The President will send the message to the French that he is listening to their anger (…) and that new solutions have obviously to be found,” Transport Minister Elisabeth Borne told Sud Radio on Friday morning.

Earlier, National Assembly speaker Richard Ferrand, a close Macron ally had told Reuters the president would address the French people early next week.

With protesters from the “yellow vest” movement calling on social media for “Act IV” – a fourth weekend of protest – Prime Minister Edouard Philippe said on Thursday 89,000 police nationwide would deploy to stop a repeat of last Saturday’s mayhem across downtown Paris.

The protests, named after the high visibility vests French motorists have to carry in their cars, erupted in November over the squeeze on household budgets caused by fuel taxes.

Demonstrations swiftly grew into a broad and sometimes violent rebellion against the government, but without formal leaders.

Their demands are diverse and include lower taxes, higher salaries, cheaper energy costs, better retirement provisions and even Macron’s resignation.

Economists fear the broad protests may derail the timid economic recovery underway in France. “The crisis destroys economic value. It destroys competitiveness and threatens to destroy jobs,” Labor Minister Muriel Penicaud said Friday on BFM Business radio station.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.