FIRST AIRED: December 11, 2018

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 2

×

Transcript

00:00:01
>> France's anti government protests are looking more and more costly for Emmanuel Macron. Not only has the Central Bank have said, the at times violent demonstrations are damaging the economy. But the French president's concessions, announced late Monday, have also blown a multi-billion euro hole in the French budget.
00:00:21
And he doesn't even know yet if they'll douse the flames of public anger. Across the country on Tuesday it was the turn of the students, marching over educational reforms. But also, fitting into the broader dissatisfaction expressed by the Gilets Jaunes, or Yellow Vest Movement.>> We're protesting because we're not able to make ourselves heard.
00:00:42
>>
FOREIGN]
> For them, that would be Macron's resignation. But even if he survives these political difficulties, he still faces financial ones. The government says his concessions will cost some 8 to 10 billion euros. And that's on top of a 4 billion euro hole, already left in the budget after Macron scrapped a fuel tax hike, the original trigger for the unrest.
00:01:00
But they may be inadequate on their own. You have to remember that this is not a unified group that rallies behind a single leader. It's a grassroot movement that erupted on social media. Some today have come out saying, sure, it's time for a truce with the government. Others have said they wanna continue their fight to the bitter end.
00:01:20
>>
00:01:44
>> At face value, this will almost certainly push France's deficit over a cap of 3% on GDP, imposed by the European Union. What does this mean? Well, it could set Paris on a collision course with Brussels, just as the EU is in budget negotiations with Italy over its own numbers.
00:02:05
>> But there is some positive news for the president. A poll on Tuesday showed almost half of French people now think the Gilets Jaunes should give up their action.