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Monday, 10 December 2018

Macron promises €100 monthly rise in minimum wage

Macron promises €100 monthly rise in minimum wage

French President Emmanuel Macron

President Emmanuel Macron is promising a 100-euro monthly rise in France’s minimum wage (about 114 dollars) that will not cost employers anything.

In a 13-minute televised speech addressing the demands of the Yellow Vests protest movement, the president said on Monday he is declaring a “social and economic state of emergency.”

Macron also announced that planned tax rises on pensions will not apply to those with incomes of less than 2,000 euros.

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Employers, who can afford it should pay their workers a special end-of-year bonus that will be free of taxes and social charges, Macron said.

Protesters wearing fluorescent yellow safety tops have blocked roads around France since mid-November, initially in protest at planned rises to petrol and diesel taxes.

The demonstrations have since evolved into a broader anti-government movement, with some calling for Macron to resign.

(dpa/NAN)

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