Louis Boyard Urges France to Open Checkbook as Bond Rout and Youth Protests Intensify
Updated
Updated · Bloomberg · Oct 12
Louis Boyard Urges France to Open Checkbook as Bond Rout and Youth Protests Intensify
1 articles · Updated · Bloomberg · Oct 12
Summary
Louis Boyard, 26, told France’s government in the National Assembly that it would have to “get out your checkbook” to answer a crisis marked by mass youth protests and market turmoil.
Hundreds of thousands of young people have joined nationwide demonstrations, with violence flaring as Boyard accused ministers of failing to understand what younger French people want.
French bonds have also come under heavy selling pressure, reviving comparisons with Europe’s sovereign debt crisis and deepening pressure on the government beyond the street unrest.
The intervention from the far-left lawmaker captures a widening clash over whether France can calm social anger with more spending while investors are already punishing its debt.