Unions Warn of Black Day as French Govt Confronts Social Unrest
Trade unions in France are gathering to protest against the deteriorating economic and social conditions. They are preparing to organize 160 demonstrations and a nationwide strike the day after tomorrow, Tuesday, in opposition to the freezing of wages and the reduction of spending in the 2027 budget proposal, which aims to save two billion euros. This is accompanied by a surge in anger over rising living costs, with forecasts of disruptions in transportation. The government is trying to pass the budget despite the political crisis, with estimates indicating that public debt will exceed 119.3% of GDP in 2026. There are calls to address the risks of sovereign debt before the upcoming presidential elections.
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