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'The French correction' and 'Labour cuts £2bn from Army'

'The French correction' and 'Labour cuts £2bn from Army'

Summary

There are ongoing violent protests in France caused by student unrest, leading to curfews in many cities and clashes with police. The protests have financial impacts, including higher borrowing costs for the French government, while unrest is spreading to other parts of Europe.

Key Facts

  • In France, student protests have caused violence, looting, and curfews in several towns and cities.
  • Police in Paris have been pictured in riot gear, responding to the protests.
  • President Emmanuel Macron called the rioters "extreme-left thugs and thieves" and said they will not win.
  • Other European countries like Italy, Portugal (Lisbon), Albania, and Serbia are also experiencing anger related to the rising cost of living and housing.
  • The protests have affected French government debt, making investors less willing to buy it.
  • These events come ahead of Macron’s departure as president in 2027.
  • UK news covered unrelated topics such as budget plans and defense spending cuts.
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