Yellow vest protests 'economic catastrophe' for France

Kalerkantho Online   

10 December, 2018 08:18 AM

Yellow vest protests 'economic catastrophe' for France

About 50 vehicles were set on fire during the protests/AFP

A- A A+

The "yellow vest" protests have been "a catastrophe" for the French economy, the finance minister says.

France has seen four consecutive weekends of demonstrations against fuel tax rises, high living costs and other issues, according to BBC  report.

About 125,000 protesters took to the streets on Saturday, with more than 1,200 taken into custody.

President Emmanuel Macron is expected to announce anti-crisis measures in an address to the nation on Monday.

Finance Minister Bruno Le Maire called the situation "a crisis" for both society and democracy. "It's a catastrophe for business, it's a catastrophe for our economy," he said during a visit to shops in Paris that had been damaged during the protests.

The capital was particularly badly hit, with windows smashed, cars burned, and shops looted, as 10,000 people took part in demonstrations.