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Macron Attempts to Placate Yellow Vest Protesters With Free Money

• moneymaven.io by Mike Mish Shedlock

The Wall Street Journal reports Macron Pledges Tax Cuts, Minimum Wage Hike to Placate Protests.

In an address on national TV Monday, Mr. Macron broke a nearly two-week silence on the so-called yellow vest movement, named after protesters who wear reflective safety vests, or "gilets jaunes," in taking to the streets in protest. Over the past two weekends those demonstrations have turned violent, resulting in rioting across the French capital and other cities.

Mr. Macron said the incomes of minimum wage earners will rise by €100 per month, starting in 2019, "without costing one euro more to employers." An adviser to Mr. Macron said the increase would be funded through a monthly government "bonus."

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