
The French government announced its first measures on Monday in response to the weekend riots in several cities across the country, starting with “partial” and “localized” curfews, even as the possibility of declaring a state of emergency was raised. President Emmanuel Macron, who is touring the Gulf states, reportedly preferred not to declare a state of emergency to avoid spooking the markets, especially since Paris had very recently announced an increase in its debt and public deficit. Political or security instability would certainly affect interest rates. The “chaos” is “confined to very specific urban areas,” Prime Minister Sébastien Lecornu said. He said he had “asked prefects to impose a number of curfews tonight,” Monday, specifying that they would be “localized” and “partial.”
















