Weeks of protests across Europe, in France, Italy and Albania, have brought arrests, looting, injuries and violence, driven by rising fuel costs, underfunded schools, declining public services and a housing crisis. In France, high school students blockaded schools for more than three weeks before the CGT union joined, and weekend unrest led to 2,400 arrests and a fire that nearly destroyed Limoges City Hall. President Macron condemned the violence, while U.S. President Donald Trump wrote that migrants had “taken over France,” though French authorities and police have not blamed immigrants. In Spain, teachers began an indefinite strike in Madrid, housing tent camps have spread, and a snap election is set for November alongside the first general strike in 14 years. In Italy, inflation rose to 4.2% in September, above the eurozone's 3.8%, and the “Italia in Piazza” movement has mobilized thousands.
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EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
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Protests over soaring living costs and deteriorating public services turned violent across France on Saturday, with cars burned, shops looted and clashes in Paris, Marseille, Lyon and Lille. French Interior Minister Laurent Nunez said more than 2,000 people were arrested and more than 600 police officers, gendarmes and firefighters were injured, according to provisional figures. In Limoges, masked rioters set fire to the City Hall built in 1883, causing its roof to collapse and destroying about two-thirds of its facade. The unrest follows weeks of student-led protests that began on September 17 over teacher shortages and overcrowded classrooms, and a survey found 45 percent of respondents cited inflation and purchasing power as main concerns. Macron vowed that those responsible would be prosecuted, while the government pledged around 3,000 additional teachers ahead of the presidential election on April 18 and May 2, 2027.
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