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French President Emmanuel Macron was hit by a dramatic weakening of the economy as he feared the imminent fall of the euro. The French economy is almost completely stopped, fearing that a hard Brexit will trigger an economic crisis in the entire euro area. The French National Statistics Office revealed that the country's economy had stagnated in the second quarter of 2019.
The figures show an unexpected weakening of the country's economy, with growth below expectations of 0.2%.
The surprise drop will surprise Macron, who has cut taxes and announced a mbadive 17 billion euros (£ 15.5 billion) stimulus package in response to protests from yellow vests.
The Yellow Vests have wreaked havoc on President Macron's first term, after initially protesting against a projected fuel tax hike.
The movement has been transformed into a greater revolt against inequalities, with weekly demonstrations organized every Saturday and sometimes violent.
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In another warning sign to Mr Macron, furious French farmers ransacked a government office in Paris in the face of outrage over the trade deal between the EU and the EU. Canada.
US President Donald Trump has also sanctioned his French counterpart recently, after Mr Macron signed a tax on the huge US Internet companies Google and Facebook.
In response, the US administration has threatened to freeze tariffs on French wine exports.
Economy Minister Agnes Pannier-Runacher has tried to minimize fears, saying the tax cuts granted by the French leader would have no impact before the start of the year. next year.
The euro zone has already been hit by a collapse of Germany, Europe's largest economy.
According to the German Bundesbank, the economy of Angela Merkel probably has contracted.
In Europe, there is concern that the threat of an exit without EU approval from Boris Johnson will aggravate the already gloomy prospects.
Bloomberg's Dani Burger said: "Europe has a dark image, the trend in the eurozone is falling."
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