France Needs $19 Billion to Meet Yellow Vests’ Demands - Finance Minister

The total cost of the measures announced by French President Emmanuel Macron to respond to the demands of the Yellow Vests movement amounted to nearly €17 billion ($19 billion), Economy and Finance Minister Bruno Le Maire has said.

Speaking on Tuesday on France 2, he promised to partially offset the bill by saving money on public spending.

Of the €17 billion, ten billion correspond to measures announced by Macron in December.

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In response to months of anti-government protests, Macron said last week that he would cut income tax further by €5 billion ($5.6 billion).

“The president has set a principle of which I am the guarantor: each euro of decrease in income tax must be financed by a decrease of one euro in public spending,” Le Maire told LCI television.

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It's been announced that the Notre Dame spire will be replaced by a new design.

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