After weeks of unrest in France, President Emmanuel Macron finally addressed the nation with his plans to end the "yellow vest" crisis. In a televised speech, Macron promised several responses including raising the minimum wage and scuttling new pension taxes, though he refused to bow to calls for higher taxes on the wealthy. He expressed sympathy toward France's struggling working class while decrying the violence committed by protesters. "A new social contract." Benjamin Haddad, a fellow at the Hudson Institute who also worked on Macron's 2017 campaign, tells Global Briefing in an email that Macron's speech was "humble" yet "ambitious." Haddad applauds Macron for "staying firm against the violence but showing he shares the anger of the population… after 40 years of political inertia," as well as for "putting forward concrete measures." Macron "laid the groundwork for a new social contract" that could "give a new breath to his presidency." "Welcome boost" but "humiliating U-turn." Pascal-Emmanuel Gobry, a fellow at the Ethics & Public Policy Center, also emailed Global Briefing with his thoughts. The measures laid out in the speech "will be a welcome boost to France's middle classes which have been battered by globalization, increased taxes and declining public services," Gobry writes. "Politically, however, it is hard to see this speech as anything other than a humiliating U-turn. Macron, who was elected on a promise of courage and bold reform, has caved in to protesters – and it is more likely than not that this show of weakness will only embolden them to ask for more." "Handouts, backtracks and tax sweeteners: Macron shows he still doesn't get it." That was the reaction of Pierre Briançon, a senior writer and editor with the Dow Jones Media Group. "The French want him to show understanding, respect, empathy. He opens the fiscal checkbook - another form of patronizing," Briançon writes on Twitter. Meanwhile, "Europe wants him to reform and stick to budget targets - he won't." Briançon warns, "This may not end well." |
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