Thu. Mar 28th, 2024
US-Iran possible meeting at UNGA 2019French President Emmanuel Macron

French President Emmanuel Macron on Monday, announced a plan under which the minimum wage will be increased by €100 per month from the next year in a major setback of “yellow vest” protesters, who were protesting in the country.

Macron, after neglecting the provinces to oppose fuel tax increase and protesters rioting the country for four months, addressed the protesters and their needs.

While responding to protester’s demands by imposing such new measures, Macron said, “We are at a historic moment for our country.”

Macron further stated: “We will respond to the economic and social urgency with strong measures, by cutting taxes more rapidly, by keeping our spending under control, but not with U-turns.”

Macron said tax hike pensioners, which were faced, would now be scrapped as the president tried to appease a growing protesters who presented an increase of challenges to the authority. Further, a former banker, who was known as “the president of the rich” due to his critics, declined to bring back a much controversial wealth tax over all those with an assets of over £1.1m.

After Macron addressed, a junior minister Olivier Dussopt said the measure applied by Macron would at least cost between €8bn to €10bn euros.

Dusspot said, “It’s between 8 to 10 billion euros,” adding, “We are in the process of fine-tuning and to see how to finance it.”

Macron promised to meet protesters to “all means” in order to appease then restore calm. He said, “I may have given the impression that it wasn’t my problem, that it wasn’t my priority. I may have hurt some of you with my words.”

Macron, while addressing protesters, condemned the violence and told the viewers “no anger justifies attacking a gendarme, or a police officer”, but said, “This anger is shared by many among us, by many French people.”

Macron added saying, “Their distress doesn’t date from yesterday. We have ended up getting used to it,” and further said, “These are 40 years of malaise that have come to the surface. Without doubt we haven’t been able to provide a response that was strong or quick enough.”

It is still unclear whether Macron’s proposed measure would appease protesters, though many of the protesters has said they would be appease only if president resigns.

France finance minister Bruno Le Maire said the news measures should aim to focus on helping the country and its working classes. Maire said, “We are ready to make any gesture,” adding, “What is important now is to put an end to the crisis and find peace and unity in the country again.”

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