French riots lead to at least 1,800 arrests as retailers tally damage

2 min read
French riots lead to at least 1,800 arrests as retailers tally damage
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Riots overtook peaceful cost-of-living protests across France on Saturday, with officials calling the violence unprecedented. The interior ministry reported at least 1,800 arrests, and Carrefour's CEO said 50 of its stores were targeted. The unrest adds pressure on a government that is trying to pass a budget ahead of an uncertain election.

France woke on Sunday to at least 1,800 arrests nationwide, the interior ministry said, after riots hijacked peaceful protests against the high cost of living. Paris accounted for 855 of those arrests, which a police official called a record for the city in one day.

Rioters hit stores and city halls

Thousands of black-clad and masked rioters joined protests that drew an estimated 550,000 demonstrators. Police struggled to contain attacks on businesses and official buildings from Marseille to Paris, Bordeaux and Lyon. Rioters burned down the historic city hall in Limoges, where police ran out of tear gas and had to retreat.

The Financial Times reported some 500 police and firefighters injured, while Business Insider cited Interior Minister Laurent Nuñez as saying 600 police officers were hurt and more than 2,000 people were arrested.

Retailers count the damage

Carrefour CEO Alexandre Bompard said 50 of its stores were targeted by rioters on Saturday. Bompard wrote on X, in French, that "Nothing can justify such violence".

He added that about 1,500 other shops were damaged. Bompard said repairs will cost more than 10 million euros and asked for faster compensation procedures, as in natural disasters.

Politicians trade blame

The violence comes six months ahead of an uncertain election to succeed President Emmanuel Macron. The government is also trying to pass a budget amid bond market jitters about France's ability to rein in its deficit, the Financial Times reported.

Prime Minister Sébastien Lecornu criticised La France Insoumise and its leader Jean-Luc Mélenchon for not condemning the violence forcefully enough. Mélenchon called the protests largely peaceful and said Lecornu was responsible for the chaos through incompetence.

Sources: Business Insider, Financial Times

Trading involves risk.

Most traded markets

BTC / USD
-0.33% 81,076.3
XAU / USD.24
-0.19% 4,150.45
ETH / USD
-1.4% 2,374.88
NEAR / USD
-4.07% 4.718
SOL / USD
-1.54% 101.93
XRP / USD
-1.73% 1.2692
View all markets

Author

PrimeXBT
Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. We thoroughly research the sources of information in order to provide readers with quality content that serves edu...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: Some past publications may be outdated. We recommend following our news to stay up to date with the latest information. For any questions, feel free to contact our support team via the chat below.
The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Today in markets

Browse World News

Register Now

Trading involves risk

Get started in minutes

Our clients love how fast and simple our sign-up is. It takes just a few minutes to get started!

Get Started Get Started
Get started in minutes

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.