Visit our new website: worldnews.easybranches.com

Macron must unify France as unrest is hurting economy: Le Maire

  • Tue, 11 Dec 2018 04:29
Author: 
Reuters
ID: 
1544428867542899200
Mon, 2018-12-10 07:39

PARIS: President Emmanuel Macron needs to unify a country divided by the forces of globalization 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 globalization has benefited them and others who can’t make ends meet, who say ... globalization is not an opportunity but a threat,” Finance Minister Bruno Le Maire told RTL.
“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.
Macron will make a televised address at 20:00 local Paris time (1900 GMT) as he seeks to placate “yellow vest” protesters, whose revolt poses the most formidable challenge yet to the 40-year-old leader’s 18-month presidency.
Le Maire reiterated his desire to accelerate tax cuts but suggested he was not in favor of reinstating a tax on wealth — known as the ‘ISF’ — that Macron narrowed when he came into office, and which earned him the tag ‘president of the rich.
“Does the ISF help reduce poverty, reduce our debts, reduce public spending? No. If you want to hunt for money, go knocking on the doors of digital tech companies,” Le Maire said.
Le Maire said last Thursday that France would tax digital giants at a national level from 2019 if European Union states could not reach an agreement on a tax on digital revenues for the bloc.
“It is time they paid a fair level of tax,” he told RTL on Monday.

Main category: 
Clashes as yellow vest protests grow in Belgium, NetherlandsParis police clash with ‘yellow vest’ protesters, Saudi embassy cautions citizens World

Tags


Related Stories

EU: Military intervention in Venezuela must be avoided
  • Tue, 26 Feb 2019 00:34

Author: AFPID: 1551096584454888100Mon, 2019-02-25 12:07 BRUSSELS: The European Union on Monday urged countries to avoid any military inter...

India says Pakistan must take action against those behind Kashmir attack
  • Wed, 20 Feb 2019 06:41

Tue, 2019-02-19 21:41 NEW DELHI: India angrily rejected Imran Khan’s offer of dialogue as tensions continued to increase after a suicide bomber kil...

Google, Facebook, Twitter Must Do More Against Fake News: EU
  • Thu, 31 Jan 2019 20:34

Google, Facebook, Twitter and Mozilla must do more to combat fake news as Europeans head towards an election or the companies will face the threat of ...

Day and night, yellow vest protests keep pressure on Macron
  • Sat, 26 Jan 2019 17:53

Author: Associated PressID: 1548489046394506900Sat, 2019-01-26 (All day) PARIS: France’s yellow vest protesters are hitting the streets a...

Argentine bank president says economy healing
  • Wed, 23 Jan 2019 23:48

Author: Wed, 2019-01-23 17:30 DAVOS: Guido Sandleris, president of the Central Bank of Argentina, says the country is “much better prepared”...

We must Focus our Energy and go with Full Force for the Things that are Worthwhile.
  • Wed, 23 Jan 2019 12:46

We must Focus our Energy and go with Full Force for the Things that are Worthwhile   It is often that our life are in certain pattern, and it...

Italy’s Salvini says France has no interest in stabilising Libya
  • Wed, 23 Jan 2019 09:35

Author: Tue, 2019-01-22 23:42 ROME: Deputy Prime Minister Matteo Salvini, continuing a war of words between Rome and Paris, said on Tuesday that...

France, Germany strengthen treaty ties to tackle EU crisis
  • Wed, 23 Jan 2019 05:56

Author: Tue, 2019-01-22 23:32 AACHEN, Germany: France and Germany Tuesday signed a new friendship treaty to deepen their alliance at a time of c...

Divided Arab economic summit: We must help suffering refugees
  • Mon, 21 Jan 2019 22:49

Author: Mon, 2019-01-21 17:17 BEIRUT: The fourth Arab Economic and Social Development Summit was held in Beirut on Sunday, in an effort to, amon...

French military to continue fight against Daesh in Levant: Macron
  • Fri, 18 Jan 2019 04:44

Thu, 2019-01-17 20:09 PARIS: President Emmanuel Macron said on Thursday the death of four Americans in Syria this week showed that the battle against...

Macron protesto krizine çözüm bulmaya çalışıyor
  • Mon, 10 Dec 2018 22:35

Fransa Cumhurbaşkanı Emmanuel Macron'un 18 ay önce göreve gelmesinden bu yana karşılaştığı en güçlü sınav olan ‘Sarı Yelekler’ prot...


الاقسام