France on Fire: Protests Rock Paris Over Austerity Plans
Streets Flooded with Protesters
Thousands gathered in Paris to protest a new budget plan. The French government proposed pension cuts and increased fuel taxes to control debt. The streets of Paris lit up with flares, chants, and police barricades.
Why People Are Angry
The plan could raise the retirement age and cut benefits. Many feel it unfairly targets workers while large corporations continue to benefit from tax breaks. Unions have called for a general strike next week.
Impact on Politics
President Emmanuel Macron’s approval ratings have dipped. Opposition parties are using the unrest to gain support ahead of the European Parliament elections. The far-right National Rally has gained ground in recent polls.
What Analysts Are Saying
Economists warn that social unrest could scare off investors. Moody’s hinted at a possible downgrade of France’s credit rating. The political cost might be higher than any budget savings.
Looking Ahead
As strikes loom and protests intensify, all eyes are on Macron. His next move will shape both France’s economy and its political future.