MEMO | October 6, 2026

Paris police chief Patrice Faure on Tuesday banned a pro-Palestinian demonstration planned for Wednesday, the third anniversary of Oct. 7, 2023 attacks in Israel, over “risks of public disorder,” Anadolu reports.

“At the request of Interior Minister Laurent Nunez, I issued an order banning a demonstration ‘against the genocide in Gaza and for respect for the ceasefire’ in Paris on Wednesday,” Faure said on US social media platform X.

He noted that such a demonstration could pose “significant risks of public disorder,” citing a “high terrorist threat” and antisemitic acts that “remain at historically high levels” across France.

“In light of this, and in view of all the risks identified, it is my responsibility to ensure everyone’s safety. I have therefore decided to ban this demonstration,” Faure added.

Israel’s genocidal war launched three years ago in Gaza has killed more than 74,000 people, injured many more and destroyed most of the enclave’s infrastructure.

Marine Le Pen has set out plans to cut French public spending by €140 billion by 2032, reduce the deficit and impose a constitutional constraint on future borrowing, placing France’s deteriorating public finances at the centre of the campaign for the 2027 presidential election.

Marine Le Pen has presented a five-year fiscal programme under which a National Rally administration would seek €140 billion in net savings by 2032, restore France’s primary budget balance within 18 months and bring the headline deficit back below the European Union’s three per cent threshold by 2030.

The proposals, presented on Tuesday as Le Pen outlined the financial trajectory she would pursue during a presidential term, come as France faces rising borrowing costs and a public debt ratio approaching 120 per cent of GDP.

The scale of the problem was underlined on the same day by France’s Directorate-General of the Treasury. Its latest report on public debt projects the debt ratio at 119.3 per cent of GDP this year before rising to 121.7 per cent in 2027. Debt stood at 115.7 per cent at the end of 2025.

EU Today has already reported that French borrowing costs and concerns over the sustainability of the country’s finances have begun to weigh on the euro and widen the gap between French and German government bond yields.

Le Pen’s programme is therefore aimed not only at French voters but at financial markets increasingly focused on whether Paris can prevent debt from continuing to rise.

According to the proposals outlined on Tuesday, spending reductions would be concentrated heavily in the first three years of a Le Pen presidency. She would also seek to introduce what she calls a constitutional “golden rule”, requiring successive governments to reduce the budget deficit each year.

The measure would be put to a referendum and is intended to make deficit reduction binding beyond an individual government’s annual budget decisions.

Le Pen has also proposed reducing France’s public debt to around 112 per cent of GDP by 2032. That would reverse the trajectory currently expected by the French government, although the National Rally’s assumptions would depend on its ability to deliver the proposed savings and on economic growth during the next presidential term.

Among the most politically significant proposals is a plan to restrict France’s net contribution to the EU budget to €5 billion. The party argues that some European spending should instead be financed through harmonised taxes on products such as tobacco and alcohol.

Le Pen also expects substantial savings from tighter immigration controls and the introduction of the National Rally’s proposed “national preference” rules for access to parts of the welfare system. Her programme estimates that measures connected with immigration could eventually produce savings of as much as €29 billion annually.

Other elements include changes to pension policy, reductions in corporate and energy taxation, measures against VAT fraud, the abolition of more than 120 taxes and a reduction in the number of state agencies.

The programme marks an attempt by Le Pen to make fiscal policy a central part of a campaign that has until now been dominated largely by immigration, security and questions surrounding France’s political fragmentation.

The timing is significant. Prime Minister Sébastien Lecornu’s government has itself introduced a difficult fiscal consolidation programme. The 2027 budget presented by the Finance Ministry envisages €54 billion in measures to improve the public finances, including €43 billion contained directly in the state and social-security budgets.

The government expects the deficit to fall from 5.4 per cent of GDP in 2026 to five per cent next year. It forecasts growth of only 0.5 per cent this year before a recovery to one per cent in 2027.

The debt burden is becoming increasingly costly. Interest payments are expected to reach €91.2 billion in 2027, up from €79.2 billion this year, according to the Finance Ministry. By 2030, total public-sector interest costs are projected to reach 3.7 per cent of GDP.

That gives the presidential campaign an economic dimension that is difficult to separate from France’s relationship with Brussels. Paris remains subject to EU fiscal rules requiring a gradual reduction in its deficit, while any attempt to reduce the French contribution to the EU budget would require negotiations with the other member states.

Le Pen enters that debate from a strong electoral position. Recent polling examined by EU Today has placed her ahead in first-round scenarios for 2027, although the final field remains unsettled. EU Today reported in September that Le Pen was polling between 33 and 36 per cent depending on her opponents.

Her latest intervention shifts part of the campaign onto terrain traditionally associated with the centre-right: public spending, debt and the credibility of France’s finances.

With the government attempting to secure parliamentary support for its own austerity measures and French borrowing costs under closer scrutiny, the question of how the country pays for the state is now moving towards the centre of the contest to succeed Emmanuel Macron.

The Cradle | October 6, 2026

France greenlit 35 military sales to Israel between May and September 2026, according to a joint investigation by the Palestinian Youth Movement and the French collective Urgence Palestine, with all shipments bound for subsidiaries of lead Israeli arms maker Elbit Systems.

The report states that suppliers based in five French regions manufactured the equipment, which includes cooling units used in tanks and missile launchers, visors fitted to the helmets of helicopter and fighter jet pilots, surveillance systems, and assorted electronics.

French arms firm Thales built and shipped control panels used to fire weapons remotely, a technology that rights groups and Gaza-based journalists have repeatedly reported Israel using to shoot civilians in their tents and on the streets, children among them.

Of the 35 shipments, 33 left from Paris’s Charles de Gaulle Airport, 32 of them aboard Israel’s national carrier El Al.

French Defense Minister Catherine Vautrin told parliament last week that France supplies no offensive weapons to Israel, repeating the government’s position that such sales ended in 2024.

Thomas Nayla, a lawyer with Urgence Palestine, dismissed that distinction, telling Middle East Eye that, given items such as tank cooling units and pilot visors, “there is no way these can be considered defensive.”

The new findings follow an April report by the same two groups, which counted more than 525 shipments of French military-use equipment to Israel between October 2023 and March 2026, arming the Israeli military throughout the genocide in Gaza.

The French shipments are part of a broader pattern in which European governments and companies continued to supply Israel with military and dual-use equipment throughout the Gaza genocide, even as several governments publicly criticized Israeli apartheid and war crimes, and announced partial or symbolic restrictions.

Germany, Israel’s largest European arms supplier, approved more than $930 million in export licenses to Israel in the first five months of 2026 alone, according to Germany’s news magazine Der Spiegel, citing Economy Ministry data

Britain, meanwhile, has touted its suspension of some export licenses while keeping F-35 components largely exempt, and has still approved at least $236 million in fixed-value military export licenses to Israel since October 2023, according to Campaign Against Arms Trade, a figure that excludes the open licenses covering much of its F-35 contribution.

Elbit Systems, which supplies roughly 85 percent of Israel’s drones and ground-based equipment, has been central to the Israeli military’s relentless onslaught across West Asia.

The arms company’s Hermes drones provided near-total aerial surveillance and target selection for attacks, and its AI-enabled Tzayad system identified more than 800,000 “targets” across Gaza and Lebanon in two years by the company’s own account.

The firm posted record profits throughout the genocide, boasting that its Tzayad system had flagged “up to or over half” of Gaza’s civilian population and infrastructure as targets while marketing its Gaza-used weapons to buyers as “battle-tested” to command a higher premium.

 Al Mayadeen| October 6, 2026

French President Emmanuel Macron touted France’s nuclear strength on Tuesday following the launch of an upgraded ballistic missile, as Paris seeks to expand its nuclear arsenal and deepen military coordination with European allies amid tensions with Russia.

“Today we are stronger. The message has been sent loud and clear for wherever it must be received,” Macron said in a video posted on X showing him watching the launch, according to Reuters.

His remarks accompanied the firing of an M51.3 missile from the submarine Le Vigilant off Brittany. The missile carried no nuclear warhead.

France’s Defense Ministry described the operation as a certification test following the submarine’s extensive maintenance overhaul. While its announcement did not mention Russia, Macron presented the launch as a broader demonstration of French military power.

Moscow warns against threats to Kaliningrad

The French show of force follows Russian President Vladimir Putin’s warning last week against Western moves threatening Kaliningrad, the Russian exclave situated between NATO members Poland and Lithuania.

Putin cautioned against escalating the confrontation over Ukraine through threats to the territory, which Moscow has said it would defend with nuclear weapons if necessary.

The Russian president also reiterated that Moscow had no plans to attack European countries and sought peaceful coexistence.

NATO has maintained that none of its “exercises or activities pose a threat to the territory of the Russian Federation.”

The dispute places Tuesday’s launch within a wider confrontation over European security, even as French authorities identify its immediate purpose as verifying the submarine’s operational readiness.

Paris seeks broader nuclear role in Europe

Macron announced in March that France would increase its nuclear arsenal and offer European partners closer involvement through joint exercises and expanded consultations.

The initiative also envisages possible temporary deployments of nuclear-capable assets on allied territory, extending the scope of French nuclear cooperation in Europe.

France already maintains approximately 290 nuclear warheads, the world’s fourth-largest arsenal, at an annual cost of roughly €5.6 billion, according to Reuters.

Four ballistic missile submarines underpin its sea-based deterrent, alongside nuclear weapons deployed by aircraft.

Upgraded missile extends French strike capabilities

Tuesday’s launch was the M51.3’s first from a submarine. An earlier land-based qualification test took place in November 2023, before the missile entered operational service in October 2025.

French authorities say the upgraded weapon offers greater range, improved accuracy, and enhanced ability to penetrate missile defenses.

Its exact range remains undisclosed, although publicly available estimates generally put the M51 family’s reach at around 9,000 kilometers or more.

The Defense Ministry said the unarmed launch complied with France’s international obligations and confirmed Le Vigilant’s ability to operate the upgraded weapons system.

Violence has returned to the streets of France today as far-Left protesters lead clashes with police amid warnings that demonstrators have been told to "bring knives" and "stab civilians".

The post Violence Returns to Streets of France Amid Warning Protesters Have Been Told to “Bring Knives” and “Stab Civilians” appeared first on The Daily Sceptic.

The euro fell to its lowest level against the dollar since May 2025 on Monday as investors reacted to rising French borrowing costs, political uncertainty and doubts over Paris’s ability to stabilise its public finances before next year’s presidential election.

The euro fell to a 17-month low against the US dollar on Monday as renewed pressure on French government debt raised concern over the fiscal position of the eurozone’s second-largest economy.

The single currency dropped as far as $1.116 during trading, its weakest level since May 2025, before recovering part of the fall. By late Monday it was trading at around $1.121, still lower on the day.

The move followed a sharp sell-off in French government bonds and a widening gap between French and German borrowing costs.

According to market data published on Monday, the spread between French government debt and equivalent German Bunds had approached 160 basis points on Friday, its widest level since the eurozone sovereign-debt crisis in 2011.

The gap subsequently narrowed, but the scale of the movement has drawn attention back to France’s public finances.

French debt is already close to 120 per cent of gross domestic product and is expected to continue rising.

Investors are now assessing whether Prime Minister Sébastien Lecornu’s minority government can secure sufficient parliamentary support for measures intended to put the budget on a more sustainable path.

That challenge is becoming more difficult as France approaches its 2027 presidential election.

Spending cuts and tax increases are politically sensitive even under stable parliamentary conditions. Lecornu’s administration does not have an outright majority in the National Assembly, while opposition parties have challenged several elements of the government’s fiscal programme.

The French economy itself is providing little additional room.

Revised national accounts examined by EU Today showed that the economy failed to grow during the second quarter, while household purchasing power weakened and investment declined.

Slower growth makes deficit reduction harder because tax revenues tend to grow more slowly while welfare and debt-servicing costs remain high.

Bond markets have also changed the calculation.

For much of the period following the eurozone debt crisis, France was able to borrow at historically low rates. Higher interest rates now mean maturing debt has to be refinanced at greater cost.

France’s debt burden is therefore rising at the same time as the price of servicing it increases.

The euro’s fall on Monday shows that those concerns are no longer confined to the French bond market.

Currency traders are also assessing whether fiscal pressure in France could affect confidence in the wider euro area.

The comparison with the sovereign-debt crisis of 2010–12 should nevertheless be treated cautiously.

France remains one of Europe’s largest and most diversified economies, and the eurozone now has institutional mechanisms and European Central Bank instruments that did not exist at the beginning of the earlier crisis.

There is also no indication that France is unable to finance itself.

What markets are pricing is an increase in the risk attached to holding French debt and growing uncertainty over the country’s medium-term fiscal trajectory.

The euro has now fallen for four successive weeks against the dollar and has lost more than three per cent over that period.

US monetary policy is contributing to the movement. Persistent inflation indicators have supported the dollar even as expectations of an immediate Federal Reserve interest-rate increase have declined.

For Europe, however, Monday’s trading was dominated by France.

French fiscal policy has been a domestic political dispute for much of the past year. The widening bond spread and the euro’s fall show that it is increasingly becoming a eurozone market issue.

France and Germany have proposed giving the European Commission powers to respond within days to serious trade distortions, including the possibility of restricting access to the EU single market. The initiative comes as European concern grows over Chinese subsidies, industrial overcapacity and dependence on critical imports.

French President Emmanuel Macron and German Chancellor Friedrich Merz have called for a new European Union trade instrument capable of acting rapidly against countries whose economic practices cause serious disruption to the European market.

In a joint initiative sent to European Commission President Ursula von der Leyen on Monday, the two governments proposed strengthening the EU’s ability to respond to what they describe as systemic market distortions, including dumping, widespread subsidies and restrictions affecting access to critical supplies.

The Franco-German proposal does not formally identify China as its target. However, many of the practices it describes correspond directly to long-standing European concerns over Chinese industrial policy, including excess manufacturing capacity, state support and restrictions on exports of critical minerals.

The initiative represents a further development in a harder European approach towards Beijing. EU Today reported last week that China had warned it would respond if the EU introduced new restrictions against Chinese companies or products.

Macron and Merz are proposing two additional instruments.

The first would be intended to reduce European companies’ dependence on single suppliers for strategically important products and raw materials. The second would allow the EU to restrict access to its internal market when a third country uses political or economic measures that seriously undermine fair competition.

Under the proposal, the Commission could initiate countermeasures unless a qualified majority of EU governments voted to block them. That would reverse the normal political dynamic in which Brussels must first secure sufficient support before acting.

German officials have argued that the EU needs powers comparable in effect to the United States’ Section 301 trade measures or China’s ability to restrict exports of critical raw materials.

The Commission has welcomed the Franco-German intervention as a contribution to its work on economic security and global trade imbalances. Any new instrument would, however, require legislation and approval by both EU governments and the European Parliament before it could be used.

The proposal comes amid growing concern in both Paris and Berlin over the effect of subsidised Chinese production on European manufacturers.

Germany’s position is particularly significant. Berlin has traditionally been more cautious than Paris about measures that could restrict trade with China, reflecting the importance of the Chinese market to German carmakers, engineering companies and chemical producers.

That position has shifted as German industry faces increased competition from Chinese electric vehicles, machinery and other manufactured goods.

EU Today has previously examined the emerging Franco-German alignment on tougher China trade defences and demands from German manufacturers for broader European action rather than product-by-product investigations.

The new proposals go considerably further by seeking a mechanism capable of dealing with entire sectors and acting much more quickly than conventional anti-dumping proceedings.

Chemicals, PET plastics and hybrid vehicles are among sectors identified in the Franco-German document as areas where additional action may be required.

The timing is also significant. EU leaders are due to discuss trade relations with China at their summit in Brussels on 15–16 October, while Trade Commissioner Maroš Šefčovič is expected to hold talks with Chinese officials beforehand.

The Commission is already attempting to balance two objectives: maintaining Europe’s access to the Chinese market while reducing strategic dependencies that could be used as political leverage.

The Franco-German plan would give Brussels another instrument at the more coercive end of that policy. Its eventual importance will depend on whether governments agree to create it and how readily they would permit the Commission to use it against a major trading partner.