France’s Macron Weighs Tax Cuts to Quell Violent ‘Yellow Vest’ Protests

French President Emmanuel Macron could introduce emergency tax cuts to quell violent protests, a move that risks worsening the country’s budget deficit.

The government is increasingly worried that the economy, alongside its own political fortunes, is threatened by demonstrations against fuel taxes that have spiraled into a push-back against Macron’s policies.

Finance Minister Bruno Le Maire said the impact of the riots was “severe,” and left a meeting of finance ministers in Brussels to return to Paris for crisis talks with colleagues.

“If we need to cut spending faster to be able to cut taxes faster for households and businesses, I’m ready to commit to this course,” Le Maire said.