France's Macron vows order, calls foreign criticism of unrest 'stupid'
TLT•Emmanuel Macron vowed to prevent a repeat of weekend violence at planned protests and called some foreign leaders’ comments about the unrest “stupid” and “unacceptable.” French 10-year government bond yields rose to 5%, their highest level since July 2002, as investors worried the crisis could complicate efforts to repair public finances.
1. Macron vows security response
Macron said those seeking to cause disorder in city centres on Saturday would be prevented from doing so. He plans to meet intelligence officials and senior ministers on Thursday, as student groups and the Yellow Vest movement prepare rallies and the government plans a reinforced security operation.
2. Unions plan national strike
Union talks with Prime Minister Sebastien Lecornu ended without a breakthrough, and labour groups said they would press ahead with a November 5 national strike over the cost of living and cuts to public services. Justice Minister Gerald Darmanin said about 2,500 people had been taken into custody after the October 17 protests, 917 suspects had been referred for prosecution and 174 people had been jailed.
3. Bond yields reach 5%
French government borrowing costs rose this week, with benchmark 10-year bond yields reaching 5%, their highest level since July 2002. Analysts said the move reflected concern that unrest could complicate efforts to repair strained public finances amid mounting budget pressures.
