If the Yellow Vest protests upend the stability of French society and the government, it could lead to a debt crisis. From Tom Luongo at tomluongo.me:
The Yellow Vests have reached critical mass. And the movement has now created the perfect storm for President Emmanuel Macron.
He can no longer ignore it, even though he tried to do so. And his lack of understanding of the situation as well as his open contempt for his opposition has placed him in a political vice.
Ignoring the problem will only make him look weaker and more disinterested. He could address the situation, put France first and step aside for new elections, which is the decent thing to do.
But, he’s chosen the predictable third option, crack down on the protesters in a futile show of strength. Authoritarians react to challenges like clockwork.
Disobedience is met with violence. More disobedience is met with more violence.
Before last weekend’s Act VIII protests Macron had one of the Yellow Vests original organizers, Éric Drouet, a truck driver, arrested and released pending a trial for “organizing an undeclared demonstration” while meeting with friends at a restaurant.
“Yellow vest” protesters gather at Place de l’Opera on December 15, 2018 in Paris, France. (Photo by Jeff J Mitchell/Getty Images)