Macron Retreats on Fuel Tax Hikes in Bid to Calm French Protests

Politics | December 5, 2018, Wednesday // 09:01
Bulgaria: Macron Retreats on Fuel Tax Hikes in Bid to Calm French Protests

The French government has backed down on planned fuel tax hikes in a bid to draw the heat out of fierce protests that have escalated into the deepest crisis of Emmanuel Macron's presidency, reports AFP

The concessions, coming after an earlier 500-million-euro ($570 million) relief package for poorer households, mark the first time 40-year-old Macron has given ground in the face of public opposition.

Prime Minister Edouard Philippe announced Tuesday rollbacks on fuel taxes and electricity price increases in a rare televised address after France was rocked by intense street clashes and vandalism in Paris over the weekend.

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