In France, tens of thousands of people went to the streets for the first time in ten years in protest against Macron. All 5.4 million public employees went on strike. The protests are directed against the planned elimination of 120,000 official posts and the end of the welfare state as many see it. In addition, Parliament has authorized President Emanuel Macron to implement the disputed labor market reforms by means of regulations.
This post was published at Armstrong Economics on Oct 12, 2017.