Macron must unify France as unrest is hurting economy, says Le Maire

Protesters rioted in Paris and cities across France on Saturday in a fourth weekend of unrest that first erupted over high living costs

Emmanuel Macron, France polls
French President-elect Emmanuel Macron. (Photo courtesy: Twitter/@EmmanuelMacron)
Reuters
Last Updated : Jan 28 2019 | 7:19 AM IST
President Emmanuel Macron needs to unify a country divided by the forces of globalisation, in a national addresses on Monday and end anti-government protests that will cut economic growth by about 0.1 percentage points, France’s finance minister said.

Protesters rioted in Paris and cities across France on Saturday in a fourth weekend of unrest that first erupted over high living costs but has morphed into a broader anti-Macron rebellion.


“Our country is deeply divided, between those who see that globalisation has benefited them and others who can’t make ends meet, who say ... globalisation is not an opportunity but a threat," Finance Minister Bruno Le Maire told Reuters.

"It is the president's role to unify the country." Le Maire would not be drawn on a figure for annual economic growth in 2018 but said the wave of unrest was hurting France's image among foreign investors and would knock 0.1 percentage points off output in the final quarter. Reuters

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story