The Journal. · Friday, October 23, 2026
In an effort to reassure investors and address ballooning deficits, French leaders proposed a budget featuring 43 billion euros in spending cuts. However, these austerity measures have triggered violent street protests and political backlash across the country.
“To start addressing all this, earlier this month, French leaders put forward a proposed 2027 budget with 43 billion euros in cuts.”
“While that was a positive sign for investors, the cuts also sent the country into chaos and fueled those riots on the streets.”