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The Senate rejects the law governing the right to strike in the air

The bill was rejected UMP to 175 votes against 168. A Mixed Commission will now be convened before a return to both Houses of Parliament. View of the Senate in the Luxembourg Palace

The Senate on Wednesday rejected by 175 votes against 168 the bill UMP to govern the right to strike in the airline, criticized by the unions of Air Staff.

Most PS, CRC (Communist), RDSE (mostly PRG) Ecologist and passed a motion prior procedural motion which amounts to a rejection of the text. The centrist and right UMP voted against.

Filed by a deputy of the Right People, Eric Diard, before movement of airport security officers, PPL already adopted on 25 January by the National Assembly is to implement in the air including the existing and the SNCF RATP. Left and Right have competed strongly in the hemicycle of the Palais du Luxembourg, where the shouts are increasing with the approach of presidential elections.

"The airline industry is highly confrontational: 1131 strikes in the last three years, 63 days last year. This is no longer acceptable. Freedom of strikers must end or beginning of the passengers," insisted the minister Transport, Thierry Mariani. "The sky is open air. You, too, show a little opening and let yourself go with the interests of passengers, not that of a minority of employees," he told Catherine Procaccia (UMP). "Passengers are the cannon fodder of the malfunctioning of social dialogue," exclaimed Louis Negro (UMP).

"You do not have a monopoly on empathy with users stuck in airports. It is always the strikers who are responsible for everything, you never put the responsibility on employers, however, social dialogue takes two, "replied Jean Desessard (Greens)." If employees have to leave it because of the strikes of 1936 and if they do not fly is that they do not have money, you are the emissaries of big business "has swept Borvo Nicole Cohen-Seat, Chair of the group CRC (Communist). "No more business would be immune to similar restrictions to a fundamental right: the right to strike," protested George Labazée (PS). "The goal is to flatter a certain opinion public without worrying about the consequences of employees whose situation is often precarious, "blasted the rapporteur Claude Jeannerot (PS).  

This text requires the strikers, under penalty of law, to declare individually 48 hours before each day of the strike and employers to forecast traffic no later than 24 hours before the disturbance. Employees waiving participation in a strike or deciding to resume their service will also, under penalty of disciplinary action, inform the employer within 24 hours prior to their participation or anticipated recovery. This obligation to inform the employer of a change of mind will also apply to land transport, thereby altering the symbolic law of August 2007, improperly called law on "minimum service".

The airline unions have the four days last week strike demanding the withdrawal of a text for them violates the right to strike. They do not exclude other mobilizations. The PPL is registered emergency, a Mixed Commission (CMP, seven senators, seven MPs) will now be convened before a return to both houses but the Assembly has the last word.

Edison did better than expected in 2011

Edison Tuesday reported a gross operating profit (EBITDA) of 1.003 billion euros for 2011, a figure better than expected, while spending a depreciation of 928 million in its annual accounts.

These figures are close to those reported in the night of Monday to Tuesday by Reuters on witness statements from a source close to the second board of the Italian electricity.

Financial analysts had expected an EBITDA of € 910 million, according to Thomson Reuters consensus I / B / E / S.

In 2012, Edison, who suffered a net loss of 871 million euros last year due to depreciation, said he foresaw an EBITDA equivalent to that of 2010, without taking into not account Edipower. 

The margins of Edison in its gas business are under pressure because of long-term contracts that the group has forged a course higher than spot prices.

In early trade on the Milan Stock Exchange, as the Edison yielded 0.3% to 0.8350 euro while the index grouping the European values ​​of utilities lost 0.12 %.

EDF reached an agreement late December to take control of Edison, but at the cost of disposal of Edipower, considered by some analysts as the nugget of the Italian group.

At the Paris Bourse, EDF shares fell by 0.43% to 18.38 euros.

Outokumpu takes the center of ThyssenKrupp Stainless

The Finnish group Outokumpu will acquire the division of ThyssenKrupp Stainless, Inoxum for 2.7 billion euros to develop synergies and to defend against competition from Asia. </ P> The agreement will be partly financed by the issuance of one billion euros of new shares and Outokumpu will result in the closure of two smelters and the elimination of 850 jobs in Germany. </ p> Analysts said the merger would enable all European producers of stainless steel to increase their room for maneuver on pricing as the industry is weakened by excess capacity. " / p> Outokumpu will pay one billion euros in cash to ThyssenKrupp and resume at the last 422 million euros of debt.</ P> The German group, whose market share in Europe is estimated between 35 and 40% ceded to pressure from its unions by agreeing to remain a shareholder of discontinued operations ; are: it will hold 29.9% of Outokumpu after the operation. </ p> Action ThyssenKrupp gained 2.4% to 21.6150 euros at 3:40 p.m. GMT the Frankfurt Stock Exchange while the Stoxx European basic resources progressed by 0.2%. In Helsinki, Outokumpu fell at the same time from 11.4% to 6.525 euros. </ P> The IG Metall union, which gave the green light to the operation, a pre specifies that Inoxum plant in Krefeld in North Rhine-Westphalia would be closed by December 31, 2013 and the site of Bochum, located in the same Land, would close the end of 2016. </ p> He said the two groups have obtained the guarantee that no other German production site would be closed before the end of 2015 and that the integration of Inoxum would be no forced departure. </ p> While five years ago in Europe exporting of stainless steel, the increase in production capacity and global competition from Asia and Asia now covers 20% of the needs of the old continent. </ p>

Italy has had to make Friday a record yield of 6.5% at six months in an auction of 10 billion euros in short-term paper, increasing the pressure on the third euro zone economy and new government address the perception in the markets.

The average yield has almost doubled compared to the previous issue of this type in late October (3.5%), indicating that the establishment of a technical executive led by Mario Monti to restore order in the accounts public of the country has not yet stopped the outbreak of its financing costs.

France and Germany called Saturday to the new Greek prime minister the "full implementation and full implementation of all commitments" by his country to emerge from the crisis, according to the Europe Agreement of 27 October.

French President Nicolas Sarkozy and German Chancellor Angela Merkel met with Lucas Papademos, named Thursday to replace George Papandreou.

"After having congratulated the formation of the new Greek government, they stressed the urgency of implementing full and complete of all commitments, including those contained in the agreement of the summit of the Eurogroup of October 27, "it said in a statement from the Elysee.

"The payment of the next tranche of aid can be made only when a step has been made in this regard," said the French presidency.

Lucas Papademos, former Vice President of the European Central Bank, was sworn in on Friday after a week of tough negotiations between the two major political parties of the country, socialist and conservative.

It must implement drastic austerity measures in a country already plagued by months of recession in order to obtain a new loan of EUR 130 billion to prevent Greece from bankruptcy.

In a letter sent on Friday, Nicolas Sarkozy had assured Lucas Papademos the support of France to carry out the reforms necessary to overcome the crisis in Greece.

BNP Paribas on Thursday posted a net profit fall 71.6% in the third quarter, below market expectations, after having integrated into its accounts at a discount of 60%, higher than expected, on Greek debt and after a sharp decline in income from its trading activities.

The second largest bank in the euro zone by market capitalization, after the Spanish Santander, said in a statement have passed a provision of 2.2 billion euros on its sovereign debt of Greece.

Its quarterly net income totaled 541 million euros where the consensus reached by the editor of Reuters expected a net profit down 48% to 992 million euros, analysts had expected a discount of about 50 % of Greece under the Europe Agreement last Thursday.

After the decision of the Greek Prime Minister George Papandreou to hold a referendum after the Europe Agreement on aid to his country, which has raised speculation about a default or an exit from the euro area of ​​Greece The CEO of BNP Paribas believes that a default on Greek debt is manageable for the bank.

"A fault (Greece, Ed) would be manageable.

The Vatican has a supranational authority on the economy

The Vatican on Monday called for the creation of a "universal public authority" and a "global central bank" to regulate financial institutions in the current period of turmoil and uncertainty.

The 18-page document, entitled "To reform the international financial system from the perspective of a public authority to universal jurisdiction," should strike a chord with "outraged" over the world protesting against the excesses of the current economic system .

"The economic and financial crisis through which the country calls everyone – people like people – to conduct a thorough discernment of the principles and cultural and moral values ​​that form the basis of social life in common," the Council Pontifical Justice and Peace in a note.

The Vatican warns against "idolatry of the market" and "neo-liberal ideology" that the current problems are only technical.

"The crisis revealed the attitudes of selfishness, greed and hoarding collective goods on a large scale," he says, adding that the world economies were to take an ethics of solidarity between rich and poor countries.

"If no remedy is given to various forms of injustice, the negative effects that will follow in the social, political and economic will be likely to generate a climate of growing hostility and even violence, to undermine the very foundations of democratic institutions, those that are also considered the strongest and safest, "reads the document.

The Holy See called for the establishment of a supranational authority in global dimension and universal jurisdiction responsible for guiding policy and economic decisions.

Such authority should be taken as reference the United Nations to gain independence then.

EFFICIENT STRUCTURES

When asked whether this document could become the manifesto of the "outraged", Cardinal Peter Turkson, president of the Pontifical Council for Justice and Peace, said: "People on Wall Street have to sit and think wisely about whether their current management of global finance is in the interests of humanity and the public interest. "

"We call on all groups and organizations to sit down and rethink the situation," he said at a news conference Monday.

The International Monetary Fund (IMF) has lost its ability to regulate the global creation of money and watch over the amount of credit risk that the system assumes, believes the Pontifical Council.

"In economic and financial matters, the greater difficulties come from the absence of an effective set of structures that can guarantee, in addition to a system of governance, a system of government in the economy and international finance. "

The world needs "a minimum corpus, shared rules to manage the global financial market."

"We see on the bottom, to draw in perspective the need for a body performing the functions of a sort of 'World Central Bank' regulating the flow and the system of monetary exchange, like the national central banks" , says the document.

The Pontifical Council recognizes that the establishment of both bodies will take years and will face resistance from the global players.

"This transformation will take place at the cost of transfer, gradual and balanced within the remit of a national authority in a global and regional authorities, which is necessary at a time when the dynamics of human society and of the economy and the advances in technology, transcend borders that are in fact already eroded in the globalized world. "

The fight against tax havens is at a standstill

The NGO CCFD accuse the G20 not to advance in the fight against tax havens as some of its members are. The headquarters of the Cayman National Bank in George Town. The Cayman Islands are in the core of tax havens.

The fight against tax havens seems "broken" at the G20, said the association CCFD in a report released Thursday, calling the twenty major powers fight again financial opacity at their summit on 3 and 4 novembre.Dans this report entitled "Tax havens, the G20 last chance", the nongovernmental organization (NGO) very involved on this subject says that "uncooperative jurisdictions" and secrecy have not disappeared, contrary to that would suggest the lists published after the G20 summit in London in 2009 and have gradually emptied.

The list of the Organization for Economic Cooperation and Development (OECD) contains more than a handful of tax havens insignificant. Almost all of the others were bleached after signing at least twelve bilateral tax information exchange. "In two years, 37 territories have gone gray and black lists of the OECD, bleached for agreeing to take a step towards the exchange of tax information," the Catholic Committee against Hunger and for Development (CCFD ) in this report which AFP obtained a copy.

The NGO notes that these developments have taken place "under pressure" because "in early 2009, the very idea of ​​one day communicate information to a foreign tax administration was absolutely excluded from certain countries", while now , "plus an area can not afford to refuse to open dialogue about it.""Pointing the territories is an effective strategy to force them to act," concludes the report. However, "two and a half years, the G20 seems down to the question" regrets the association.

Switzerland, the United Kingdom and Japan are tax havens

CCFD releases another list, that of the Tax Justice Network, an NGO network that refers in this regard. The grading of opacity financial newly updated total of 73 territories (against 60 in 2009), the "top 15" includes major powers such as Switzerland, the UK, some U.S. states or Japan."So many countries without the latest list of the OECD," says the report, which estimates the G20 unable to "publish a list of tax havens", "for the simple reason that the member states account for only 39% of opacity internationally. "

The French Presidency of the G20 had flirted with the idea to reconstruct a list of tax havens at a summit in Cannes (southeast), based on evaluations conducted by Global Tax Forum, which includes more than one hundred countries under the leadership the OECD. But it seems to have abandoned, the report said. "Failure to list worthy of the name, without considering the corresponding sanctions, states the G20 would come to Cannes without a weapon against offshore finance," insisted the NGO.It therefore calls on the French presidency "to advance concrete proposals" to strengthen the control of multinational corporations, end front companies and strengthen penalties against financial crime.

Credit Suisse puts an end to proceedings in Germany

Credit Suisse announced on Monday it agreed to pay 150 million to end an investigation by the prosecutor's office in Düsseldorf, to certain employees.

"A complex and protracted litigation has been avoided, with an agreement that gives legal certainty," the bank said in a statement, adding that the amount will be spent in the third quarter.

Four employees of Credit Suisse since December on suspicion of support for tax evasion, prompting an investigation by German authorities in Düsseldorf.

The research was later extended to four other people, with raids in late February at the offices of the bank in the cities of Hamburg, Hannover, Cologne and Frankfurt, as well as "two smaller sites".

Who are addicted to gambling?

A man very few graduate, earning less than 1,100 euros a month, building more than 1,500 euros per year, smoking and drinking alcohol: this is the player's robot was "excessive". A slot machine player at Casino Barrière de Toulouse.

Nearly one in two French claims to have been money in the past 12 months. But for most, only occasionally and in small amounts. Only 12.2% of the players are "active" (having played at least 52 times a year). Of these, 7% are considered "extravagant" (played over 1500 euros per year). So says a survey by the French Observatory of Drugs and Drug Addiction (OFDT) and the National Institute for Prevention and Health Education (INPE).

The study found that 3.7% of active players are classified as problem gamblers, at risk dangerous disease, and 7% are moderate risk gamblers.In total, for the entire French population, the study's authors estimate that 0.9% (400,000 people) have a "moderate risk" and only 0.4% of the players are "excessive" (200,000) , or 1.3% of players "problematic" in France. Sketch of the players affected by the addiction to gambling and chance.

A precarious financial

Problem gamblers are predominantly male (75.5% against 62.7% for active players and 51% for the entire population of players). They are younger than most players (41 years on average against 47 years for active players els). This is also in 185-34 years found the highest proportion of problem gamblers (11.4%).

This population is also characterized by its precarious financial (57.8% reported a monthly income less than 110 euros per month for a couple) and its low level of education (one third has no diploma, and almost all had a level at or below the baccalaureate). In addition, half a fuel consumption of alcohol and 6% risk of smoking cannabis (against 4.3% of the population).

These gamblers plébiscitent the Rapido, the PMU and paris sports. Among active players, there are more excessive on the Internet. 10% of active Internet players are excessive. The games in question are the odds poker and online. These problem gamblers bet more than others, with half spending more than 1500 euros per month.