French President announces immediate measures to increase purchasing power, including a €100 rise in the minimum monthly wage.

President Emmanuel Macron on Monday night broke his silence over rioting that has plunged his presidency into its greatest crisis, promising a “new contract for the nation”.

The French leader announced immediate measures to increase purchasing power, including a €100 rise in the minimum monthly wage, the cancellation of the increase in the general social contribution for pensioners earning less than €2,000 monthly, and an end to taxes and social charges on overtime from next year.

Mr Macron also asked “all employers who can do so” to give employees a year-end bonus that will also be exempt from tax and social charges.

A solemn Mr Macron spoke to camera, seated, with his hand flat on the table in front of him. He came across as chastened yet determined and looked younger than usual.

The French leader began the most awaited speech of his presidency by denouncing the violence surrounding demonstrations by the “gilets jaunes” or yellow vest movement on December 1st and 8th.

Four people have been killed, hundreds injured and more than 4,500 people arrested since the protests started. They were initially over a carbon tax on diesel and petrol. Prime minister Edouard Philippe announced on December 5th that the tax was “suspended”. That was later changed to “cancelled”.

The events of recent weeks . . . have profoundly troubled the nation,” Mr Macron said. “They mixed legitimate demands with an inadmissible cycle of violence . . .”

Many of those arrested in connection with the violence have received suspended prison sentences only.

Mr Macron also denounced the political parties who have in a sense freeloaded on the misery of France’s poorest citizens. All parties except the president’s République en Marche have declared “solidarity” with the yellow vests. “We have seen the game of opportunist and irresponsible politicians whose sole goal was to shake the republic,” he said.

Most participants in yellow vest demonstrations say they identify with no party, or with extreme-right or extreme-left-wing factions.

As if on cue, the far-left leader Jean-Luc Mélenchon reacted to Mr Macron’s speech saying that “the president’s words are vain. Act five [of the protests] next Saturday will be a moment of great mobilisation.”

Marine Le Pen’s National Rally, the former Front National, portrayed the conflict as part of the rise of nationalist populist movements across Europe and around the world. “In his speech, Mr Macron showed he has not understood a movement that must be analysed as a revolt against savage globalisation, against the global caste that enslaves people, against looting by great financial powers,” said a statement from the party.

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