Economy 11-12-2018

Emmanuel Macron decrees social and economic emergency in France

The president of France, Emmanuel Macron, declared a social and economic emergency in the country.

"First of all, I would like to announce an economic emergency," he said, speaking before the nation amid the protests of the so-called yellow vests against fuel tax increases.

Macron asked the Government and Parliament to do everything necessary to increase the quality of life of citizens.

In particular, it decreed to raise the minimum wage level at 100 euros per month starting in 2019 and pay the annual awards to employees.

In addition, he described as "inadmissible" and "unjustifiable" the violence provoked by the recent manifestations of the movement.

"No rage justifies the attacks against the police and gendarmes, the destruction of shops and buildings," he said.

In this context, the French leader called on citizens to remember that "our freedom exists only because each person can express their opinion, and although not everyone shares it, no one should be afraid of possible disagreement."

However, he indicated that "many of us, of the French, can share the anger", pointing out that this anger was "just" and deeper than a discontent with the increase in taxes.

At the same time, the French Secretary of State for Public Accounts, Olivier Dussopt, declared that the measures announced by Macron will require "between 8,000 and 10,000 million euros".

"We are now fine-tuning the figure to understand how we are going to finance these measures," Dussopt was quoted as saying by Le Figaro newspaper.

France has been experiencing a wave of violent demonstrations since mid-November, whose participants, the yellow vests, protested at first for the fuel tax hike, but later, after the government retracted its plan, they also began to demand the resignation of Macron.

The fourth consecutive Saturday of protests in France, on December 8, resulted in more than 1,700 arrests and 264 injuries, including 39 law enforcement officers.


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