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FxWirePro: Yellow vests protest in France signals looming troubles for Eurozone

‘Yellow vests’ protests that has rocked Paris over the past four weekends, with thousands and thousands people gathering in France’s capital countering with thousands of police personnel armed with tear gas, rubber bullets, and armored vehicles, and with cars being torched, stores being looted are now spreading all over France with protesters demanding a radical change in direction from the past policies of austerity, open border amid a weaker growth. So far, more than 1300 protesters have been detained by the police.

The protests in France provides a glimpse to the future of the European Union, which has come under immense strain in recent years. Over the past couple of years, rising dissent among the public with the policies of the European Union, which many in the working class felt that only serves the elite class and the rich, has led to Britain gradually exiting the European Union, a populist government in Hungary, Poland, and Italy.

With people of more and more countries feeling that they are being left out by the political class in Brussels, where the European Parliament is headquartered along with many other key global institutions are choosing policies parties either with the left-wing working-class ideology or with nationalist ideology and at a time, when politicians like Chancellor Merkel of Germany and President Macron are eyeing more integration and reforms in that direction.

We have long been suggesting that the Brexit is just the beginning. While Brexit poses an economic threat to the United Kingdom, the threat to the European Union is far more severe, which is of its existence and these protests; all point to that direction of doom.

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