Macron slams 'stupid' comments on protests, as France braces for more
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Macron slams 'stupid' comments on protests, as France braces for more

CNBC • • nation

Key Points:

  • French President Emmanuel Macron condemned "unacceptable" and "stupid" comments from foreign leaders, including U.S. President Donald Trump, who blamed France's recent unrest on migrants and extremists for political gain.
  • The unrest in France, sparked by student protests and escalating into widespread rioting, has led to calls for further rallies from groups like the student union UNEF and the "yellow vest" movement, with Interior Minister Laurent Nuñez announcing military support to maintain order.
  • The French government is struggling with political instability as it debates the 2027 budget amid high public debt and deficit concerns, raising fears of increased borrowing costs and possible European Central Bank intervention.
  • The recent protests have caused significant economic damage, with Morningstar estimating insured losses up to 1.2 billion euros due to theft and property damage, compounding existing economic and fiscal challenges for France.
  • The unrest has drawn international reactions, including criticism from Iran's Foreign Minister urging Macron to listen to protesters, and solidarity protests occurring across several European countries.

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