RT.com
26 May 2022, 04:13 GMT+10
The subsidies are meant to help poor households amid rising prices
Several French cities have begun handing out food vouchers to the population to compensate for increasing prices, the TV channel France 2 reported on Monday.
According to the report, citizens are being given coupons for €5, €20 and €30. To date, city administrations have reportedly spent about €37 million (around $40 million) on the issuance of coupons and certificates, as well as other measures to support the population.
A document outlining the subsidies has not yet been adopted. However, the mayor offices of some French cities have decided to introduce food coupons on their own, without waiting for an official government decision.
The idea of giving out food vouchers to middle- and low-income households had been proposed by French President Emmanuel Macron and was discussed long before the presidential election. Approximately 8 million citizens will benefit from the initiative.
Inflation has been on the rise in France, driven by rising costs of food and energy. Experts have warned that surging prices and weak economic growth could lead to stagflation in the country.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationLONDON, England: Surging food prices in the UK pushed consumer price inflation to 9.1 percent last month, a 40-year record ...
CLEVELAND, Ohio: It will take two years for U.S. inflation to fall to the central bank's 2 percent target, Cleveland ...
NEW DELHI, India: The European Union and India have relaunched talks to implement a free trade agreement, aimed to be ...
NEW DELHI, India: Industry sources have said that Air India is in talks with Airbus and Boeing for the possible ...
WASHINGTON, D.C.: U.S. President Joe Biden has said that he is planning to speak with Chinese President Xi Jinping soon, ...
LEAWOOD, Kansas: Shareholders of AMC Entertainment have rejected proposed executive compensations, including $19 million for CEO Adam Aron. The rejection ...
AMSTERDAM, Netherlands: Amidst Europe's response to Moscow's invasion of Ukraine and subsequent reduction of the deliveries of Russian gas, Germany, ...
LONDON, England: UK General Patrick Sanders, the new Chief of the General Staff, has told troops that Britain must be ...
Hossein Taeb, a hard-line cleric, was the intelligence chief of Iran's powerful Islamic Revolutionary Guards Corps (IRGC), the elite branch ...
Americans Maxime Cressy and 2019 champion Taylor Fritz will meet in the Rothesay International final on Saturday in Eastbourne, England. ...
Istanbul - Turkish President Recep Tayyip Erdogan welcomed Saudi Arabia Crown Prince Mohammed Bin Salman on Wednesday with a military ...
As Ukraine and Moldova receive candidate status, Western Balkan states voice frustrations over prolonged integration process, Die Welt reportsEuropean Union ...