I think it says "Liberté" or Liberty in English, probably commemorating the French Revolution due to the date and colours.View attachment 887794
1789 – 1989 by Andrew Priest, on Flickr
This is one of three memorials we came across when walking the Minenete Valley. Unfortunately, the letters are not easily distinguishable so cannot determine what is being remembered.
Chemin de Stevenson-2018-D10-7: Day 10 of 12 – Florac to Gare de Cassagnas: Walking the Chemin de Stevenson (#GR70 Robert Louis Stevenson Trail) in the south of France.