Macron Attempts to Placate Yellow Vest Protesters With Free Money

Macron will hike minimum wages by €100 per month, starting in 2019. Supposedly, this won't cost employers a dime.

In an address on national TV Monday, Mr. Macron broke a nearly two-week silence on the so-called yellow vest movement, named after protesters who wear reflective safety vests, or “gilets jaunes,” in taking to the streets in protest. Over the past two weekends those demonstrations have turned violent, resulting in rioting across the French capital and other cities.

Mr. Macron said the incomes of minimum wage earners will rise by €100 per month, starting in 2019, “without costing one euro more to employers.” An adviser to Mr. Macron said the increase would be funded through a monthly government “bonus.”

Mr. Macron said the French street was expressing anger that had been pent up over the course of a 40-year socio-economic malaise. Mr. Macron said his government should have responded faster.

“I take my share of responsibility,” Mr. Macron said.

Gee, free money, at no cost to anyone. Fancy that.

In a week or less, the EU will be knocking on Macron's door asking him how he will pay for it. Or is this another one of those things that pays for itself?

If so, why stop at €100 per month?

Mike "Mish" Shedlock

Comments
No. 1-10
caradoc-again
caradoc-again

No one will come knocking on the door to discuss the rules.

Rules don't apply to France, it only helps sets them to handicap others. The Hypocriscy stinks to high heaven. They have captured the system.

Advancingtime
Advancingtime

This seems to be, to little, to late. France and the Euro-zone are continuing to unravel as violent protesters have taken to the street. The Yellow Vest protests which have gripped France for a fourth week have brought the country to a halt. Like the problems in France unrest is growing in several countries such as Italy and Spain both suffering from weak economies and reeling from the inflow of migrants. Add to this Anglea Merkel's declining power in Germany and now we are hearing reports that even the Dutch are concerned about the Islamization in the Netherlands.

The Union is currently made up of 28 countries with Britain on a path to exit and it is important to realize many are hellbent on holding Britain's feet to the fire as a way to discourage other countries from moving in the same direction. Bringing all these different cultures with many languages has always been considered a challenge, the article below questions whether the Euro-zone can endure the coming storms.

killben
killben

"In a week or less, the EU will be knocking on Macron's door asking him how he will pay for it"

EU might not! But then Salvini might (or should). Why tighten the screws on Italy's budget when France can do as it pleases, my dear EU members?

Freebees2me
Freebees2me

Do I have to move? Is there an on-line application I can file out? Some distant relatives (over 200 years ago) were from Burgundy... I think that's qualifies me...

Send me the money....! I love "French Fries"...

P.S. - who can I talk to about a raise....?

Schaap60
Schaap60

Don't you need a job to earn minimum wage?