Macron must unify France as unrest is hurting economy: Le Maire

French Finance Minister Bruno Le Maire attends a session of the National Assembly in Paris, November 27, 2018. (File/Reuters)
Updated 10 December 2018
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Macron must unify France as unrest is hurting economy: Le Maire

  • Le Maire would not be drawn on a figure for annual economic growth in 2018 but said the wave of unrest was hurting France’s image among foreign investors
  • Le Maire reiterated his desire to accelerate tax cuts but suggested he was not in favor of reinstating a tax on wealth

PARIS: President Emmanuel Macron needs to unify a country divided by the forces of globalization in a national addresses on Monday and end anti-government protests that will cut economic growth by about 0.1 percentage points, France’s finance minister said.
Protesters rioted in Paris and cities across France on Saturday in a fourth weekend of unrest that first erupted over high living costs but has morphed into a broader anti-Macron rebellion.
“Our country is deeply divided, between those who see that globalization has benefited them and others who can’t make ends meet, who say ... globalization is not an opportunity but a threat,” Finance Minister Bruno Le Maire told RTL.
“It is the president’s role to unify the country.”
Le Maire would not be drawn on a figure for annual economic growth in 2018 but said the wave of unrest was hurting France’s image among foreign investors and would knock 0.1 percentage points off output in the final quarter.
Macron will make a televised address at 20:00 local Paris time (1900 GMT) as he seeks to placate “yellow vest” protesters, whose revolt poses the most formidable challenge yet to the 40-year-old leader’s 18-month presidency.
Le Maire reiterated his desire to accelerate tax cuts but suggested he was not in favor of reinstating a tax on wealth — known as the ‘ISF’ — that Macron narrowed when he came into office, and which earned him the tag ‘president of the rich.
“Does the ISF help reduce poverty, reduce our debts, reduce public spending? No. If you want to hunt for money, go knocking on the doors of digital tech companies,” Le Maire said.
Le Maire said last Thursday that France would tax digital giants at a national level from 2019 if European Union states could not reach an agreement on a tax on digital revenues for the bloc.
“It is time they paid a fair level of tax,” he told RTL on Monday.


France’s Nicolas Sarkozy loses bid to avoid influence peddling trial

Updated 19 June 2019
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France’s Nicolas Sarkozy loses bid to avoid influence peddling trial

  • Sarkozy is accused of offering to help a judge win promotion
  • Sarkozy’s lawyers have previously argued that magistrates investigating the alleged secret Libyan funding exceeded their powers

PARIS: Former French President Nicolas Sarkozy will stand trial for influence peddling after the country's highest court rejected his final bid to have the case thrown out, his lawyer said on Wednesday.
Sarkozy is accused of offering to help a judge win promotion in return for leaked information about a separate inquiry. He has consistently denied any wrongdoing.
The case came about after investigators used phone-taps to examine allegations that late Libyan leader Muammar Gaddafi funded Sarkozy’s successful campaign for the presidency in 2007.
As they eavesdropped on his calls, the investigators began to suspect the former president had offered the judge promotion in return for information on another investigation involving allegations Sarkozy accepted illicit payments from L'Oreal heiress Liliane Bettencourt for the same campaign.
Sarkozy’s lawyers have previously argued that magistrates investigating the alleged secret Libyan funding exceeded their powers and went on a “fishing expedition” by tapping his conversations between September 2013 and March 2014, breaching lawyer-client privilege.
He was cleared over the Bettencourt allegations.
On Wednesday, his defence team said the use in this case of wiretapped remarks gleaned in relation to a different investigation contravened a ruling by the European Court of Human Rights.
"These legal issues are still relevant," Sarkozy lawyer Jacqueline Laffont said. "It will be for the court to decide whether a French court can override a decision of the European Court of Human Rights."
Wednesday's ruling that the trial proceed came from the 'Cour de Cassation', which decides whether an earlier decision by an appeals court conforms with French law.