French Torching Patrol Car Fuel Sense Hollande’s Time Is Ending

Just as Francois Hollande was trying to persuade the French that life was getting better ahead of next year’s election, outbreaks of street violence and strikes are undermining his authority.

After months of protests against Hollande’s government, some demonstrators are getting aggressive with truck drivers illegally blocking oil refineries, burning tires and triggering gas lines across the country while the offices of Hollande’s Socialist Party have been vandalized in several cities across the country, most recently on Monday. News channels have been looping footage of a group of young men chasing two police officers from their patrol car and setting the vehicle on fire.

With his popularity already at record lows, the clashes are causing voters to question Hollande’s ability to maintain control. Hundreds of police officers have been injured during demonstrations — all while the president wields extraordinary powers to uphold law and order under a state of emergency introduced after last year’s terrorist attacks.

Bloomberg

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.