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The Latest: Protests hurting French economy, minister warns

France's finance minister, Bruno Le Maire, has warned that the violent protests and road blockades will have a negative impact on the economy.

Reported by: AP Published on: December 03, 2018 16:45 IST
The Latest: Protests hurting French economy, minister warns
Image Source : AP The Latest: Protests hurting French economy, minister warns

PARIS (AP) — The Latest on France's response to violent protests (all times local):

11:50 a.m.

France's finance minister, Bruno Le Maire, has warned that the violent protests and road blockades will have a negative impact on the economy.

More than 100 people were injured in the French capital and 412 arrested over the weekend during France's worst urban riot in years, with dozens of cars torched.

The movement, which has been partly stoked by a fuel tax hike, is hurting sales, according to Le Maire, who said at the ministry that "the impact on the French economy was serious" and that some sectors have reported sales declines of between 15 to 25 percent.

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11:30 a.m.

Germany's foreign minister says his country isn't worried about anti-government protests in neighboring France and he's confident the situation will calm down soon.

Germany and France have traditionally been the European Union's leading powers. German Foreign Minister Heiko Maas said Monday that "France is needed in Europe, and we know that focusing on such disputes in a country of course consumes energy, but that is completely normal."

In Paris, Prime Minister Edouard Philippe was holding crisis talks with representatives of major political parties.

Maas said that "France is known for its special protest culture, and I think we're seeing that now, but from all that I hear and what is planned in the way of talks, we are confident that the situation there will calm down in the foreseeable future."

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9:25 a.m.

French Prime Minister Edouard Philippe is holding crisis talks with representatives of major political parties in the wake of violent anti-government protests that have rocked Paris.

More than 100 people were injured in the French capital and 412 have been arrested over the weekend during France's worst urban riot in years, with dozens of cars torched.

President Emmanuel Macron held an emergency meeting on security with Philippe on Sunday and the government hasn't ruled out the possibility of imposing a state of emergency.

It was the third straight weekend of clashes in Paris. The protests began last month with motorists upset over a fuel tax hike and have grown to encompass a range of complaints that Macron's government doesn't care about the problems of ordinary people.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
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