SNPL pilots and key union hostess and stewards have launched a strike notice for four days starting Monday. They oppose a bill to impose a minimum service in the air during a strike. Of passengers at the information board on flights at Charles de Gaulle

French unions aviation, including pilots of SNPL and the main organizations of hostesses and stewards, confirmed Friday their strike call from 6 to 9 February to oppose a bill regulating the right to strike in this sector.

In addition to the pilots and flight attendants, federations FO, CFDT, UNSA and CGT have the air, after an inter-union, called the staff of companies and their service providers to mobilize. The bill "has been hardened to the Assembly and the government does not want to negotiate, the National Council of SNPL therefore confirmed the strike on Friday from 6 to 9 and decided it would be renewable, either directly after 9, or at another time, "he told AFP Yves Deshayes, national president of the SNPL, the main pilots' union, super-majority at Air France.

"At the Inter, after our board meeting, it's the same with a strike from 6 to 9, and a few different versions according to the unions," said Yves Deshayes. "The three main trade unions of PNC (flight attendants), the SNPNC, the Unac and UNSA also call from 6 to 9, "said the driver. "The strike is held from 6 to 9," also said Franck Mikula, president of the Unac (CFE-CGC) at the conclusion of the Inter.

The SNPL said that among the ground staff would go on strike and some others would be "in action via other means." "We call for the strike in all French airlines, in metropolitan and overseas territories" , said Yves Deshayes.

Registrations of new cars in France fell by 20.7% in raw data in January to 147,143 units, said Wednesday the Committee of French Automobile Manufacturers (CCFA), con ; frequency of the economic climate and comparative unfavorable early 2011. Working day adjusted, in January 2012 with 22 working days counted against 21 in 2011, registrations of new cars in France fell by 24.3% last month. In 2011 and 2010, they had declined by 2.1 and 2.2%, supported by one after the scrappage scheme introduced to the crisis that struck the area in late 2008 and whose effects were felt until the first quarter of 2011. The PSA Peugeot Citroën registrations fell 23.1% last month while those of the Renault Group (Renault and Dacia brands above) decreased by 26.1%. In contrast, sales of Volkswagen in the Hexagon increased by 16.2% (23.2% just for VW).

According to a Financial Times ranking, the current Minister of Economy holds the 15th place among the most influential ministers in the European Union. Before leaving Bercy for the IMF, Christine Lagarde had held the top spot on this list. The new Executive Director of the IMF, Christine Lagarde, said goodbye to the National Assembly Wednesday, June 29 It is replaced as Minister of Economy and Finance by Baroin

Baroin do not forget Christine Lagarde, French Minister of Finance holds an unenviable 15th position in the ranking of European central bankers prepared annually by the Financial Times, while his predecessor was the star. Mr.

The European Commission estimates that the pooling of borrowing countries in the euro area could quickly alleviate the current crisis. The counterpart would be a strengthening of fiscal discipline. The President of the European Commission Jose Manuel Barroso (here at a press conference in Brussels April 13, 2011)

The European Commission Wednesday will propose the creation of eurobonds, a system seen by its promoters as a means of achieving sustainable solutions to the debt crisis, but that divides Europeans and has as its corollary a strengthening of fiscal discipline. In a "Green Paper" seen by AFP, the European Commission considers that this pooling of borrowing countries in the euro area could "rapidly reduce" the current crisis.Countries that need external assistance, as now Greece, Ireland and Portugal, should be subjected to "enhanced monitoring", argued Mr Barroso.

The Commission proposals provide for such a development also for the states under the excessive deficit procedure against the limit of 3% of Gross Domestic Product (GDP) set by the Stability Pact. Today, almost all EU countries are concerned. Europe may well require them to review their copy if the budget passed by their parliaments become too lax compared to the common rules of discipline. A proposal that is likely to generate heated debate in national parliaments.

In his Bordeaux against social fraud, Nicolas Sarkozy seems to have mostly focused on benefit fraud individuals. But this is far from being the No. 1 threat to Social Security accounts. Parade 1st May 2004 in Paris.

Social fraud is the enemy. Nicolas Sarkozy, on the road to the family allowance fund of Bordeaux, gave a speech particularly offensive against fraud, described as "worst and most insidious betrayal of the spirit of 1945" and accused of "undermining the foundations the same Social Republic. " If he was refusing to "stigmatize anyone," the president nevertheless denounced "thieves and cheaters" in the system. The thieves are those who feel abused a social benefit. And cheaters, those who employ an employee without declaring it.

His speech, however, was unbalanced. Indeed, it has placed more emphasis on fraud of insured persons, he took care to detail ("he who has a work stoppage fraudulent," "one who underestimates its resources," "he who does not reside in the country "," one who invents a fictional housing "..) than that of health professionals or companies, referred to simple turn of a phrase. Yet the amounts diverted by them are a priori much more important. State of Play.

How much is the benefit fraud in France?

All the fraud was by nature not detected, there are only estimates. The benefit fraud general scheme has been estimated at between 2 and 3 billion euros by a recent parliamentary report.

The Heads of State and Government of the euro area may call Wednesday the European Central Bank (ECB) to continue its purchases of bonds to support Italy and Spain, according to a draft of their summit conclusions to which the Germany, however, said not to buy in the state.

"We fully support the ECB in its actions to ensure price stability in the euro area, including its non-standard measures in a financial market currently outstanding," states that the project, which Reuters had access.

Sources of the European Union said that these "unconventional measures" referred to by the ECB purchases of bonds of countries in difficulty on the secondary market debt, purchases it took over in August to support the Spain and Italy.

Chancellor Angela Merkel reacted promptly by declaring opposition to any representation which purports to tell the ECB what to do.

"This sentence and the way it is currently in the news are not accepted by Germany," she told reporters.

Carsten Schneider, budget expert of the opposition Social Democrats (SPD) of Germany, for his part indicated that a draft motion on the multiplication of EFSF was based precisely on the assumption that the ECB will stop buying bonds on the secondary market.This motion must be filed Wednesday in the Bundestag.

The ECB buys Spanish and Italian paper in the hope of lowering their yields and reduce the cost and funding of these two countries on the market.

But investors fear that these two countries follow the path of Greece, Ireland and Portugal, all of which benefit from support schemes concocted by the EU and the International Monetary Fund.

"No misunderstanding"

The ECB has, to date, bought for 170 billion euros of debt in the euro area difficult, prevent a widening yield spreads with German debt, a move that has caused divisions within their bodies leaders.

Angela Merkel said Berlin was trying to have an ECB statement setting out its opinion on the draft communiqué of the summit.

"We want much clearer statements about what the ECB wants itself and we speak about it. We do not want a misunderstanding where policies would expect something special from the ECB," she said .

She also felt that too much speculation on the draft summit conclusions."The sentence does not include a statement that the purchases in the secondary market are possible and it just says that unconventional measures will continue," said she.

Many economists believe that the only way for the Seventeen to simultaneously protect themselves from market pressure, while regaining their trust is to the ECB and its unlimited liquidity at the heart of the rescue device in European countries too indebted.

France follows this line of thinking but Germany and the European Commission see this as a violation of the fundamental laws of Europe.

Given this impasse, the top of the euro area should suit Wednesday to leverage the capabilities of the EFSF through an insurance mechanism and a special vehicle, without involving the ECB in the process.

More than one million low-income households eligible for social tariffs of electricity and gas do not qualify now, because of the complexity of the award procedure. EDF and GDF will cross their files with those of beneficiaries of supplementary CMU.

Social tariffs for electricity and gas, more than one million beneficiaries do not receive very modest at present, will be automated from 1 January 2012, announced Monday in a statement the Minister of Energy, Eric Besson. The minister seized Monday the Supreme Council of the energy of a draft decree automating their allocation to households with incomes below the ceiling of the supplementary CMU, or 7,771 euros per year for a single person or 11,657 euros for a couple .

Only 600,000 households currently receive social tariffs for electricity or gas, so that 1.5 to 2 million households are eligible, according to the government, a situation that was "not acceptable" according to M . Besson. This phenomenon was explained by both the complexity of the award procedure and the modesty of copyright holders who waived the claim.

Reduction of 88 euros for electricity and 142 euros for gas

According to EDF, the average reduction of invoice driven by the social tariff of electricity (created in 2000 and established in 2005) is 88 euros per year. Reducing Gas (adopted in 2006 and implemented in 2008) it amounts to 142 euros per year.Eligible households will benefit rates "without having to step in" with the file of recipients of supplementary CMU, under control of the National Commission on Informatics and Liberties (CNIL), the ministry said in a statement.

To avoid excluding people who forgot to extend their rights to CMU, the rights to social tariffs will run six months longer than the CMU, according to the draft decree. The decree, the government had promised, following the adoption last year of law Nome (New Market Organisation of Electricity), which already provided for automation rates for households with the lowest incomes.

The founder of the investment fund Galleon, Raj Rajaratnam, who was convicted in May of insider trading was sentenced Thursday to eleven years in prison, one of the most severe penalties ever imposed for this offense.

The verdict marks the end of a long process that had shaken the financial world by revealing one of the greatest scandals in Wall Street since the 1980s.

The survey was particularly high profile was marked by an abundant use of FBI wiretaps, a method usually associated with the procedures surrounding the mafia or drug trafficking crime as more "white collar".

Raj Rajaratnam was found guilty of fraud transactions and conspiracy to have established a vast network that fed into confidential information on companies.

It was one of his informants including senior executives in companies like consulting firm McKinsey & Co, Intel, and to a former director of Goldman Sachs.

The judges did not follow the request of prosecutors, who called for 19 ½ years in prison against Raj Rajaratnam.The award is beyond the ten-year sentence recently imposed in another case a major insider trading.

Judge Richard Holwell said the founder of Galleon, aged 54, suffered from an "advanced diabetes" that can lead to kidney failure and may need a transplant, and had taken this into account by setting the length of the sentence.

"The government is absolutely right to consider insider trading as an assault on free trade in a democratic society," said the judge.

Raj Rajaratnam did not read the statement on his behalf before the verdict, which was also sentenced to 10 million dollars in fines and the restitution of $ 53.8 million.

The judge also agreed to recommend that the sentence be carried out at the prison in Butner, North Carolina, one of its inmates fallen financier Bernard Madoff, sentenced to 150 years in prison for fraud. This has its own hospital.

Raj Rajaratnam must report to prison Nov. 28. Those convicted of federal crime generally must serve 85% of their sentence before becoming eligible for early release.

The release date of the recession has been repeatedly pushed back to Athens for two years. According to the international organization, the economy should resume growth in 2013. In Greece, the horizon darkens again.

The International Monetary Fund has ceased to be optimistic for Greece, drawing a line under the belief that it could recover as soon as its creditors believed at the beginning of international aid plan. "The recession will be deeper than anticipated in June and a recovery is now expected that from 2013," wrote the IMF, the Commission and the European Central Bank in a statement Tuesday.

Greece, in recession since late 2008, did not see the end. Issues and the IMF forecasts a growing dark. The date on which the Hellenic economy should resume growth has declined steadily for two years.In 2009, before the debt crisis, the IMF thought it would be in 2011. In 2010 and until summer 2011, he was counting on 2012. Since September, 2013.

The "troika" of the creditors of Athens on Wednesday announced the release of 8 billion euros in November. But the IMF no longer speaks to unlock new loan to the country most in need of the euro area. At the end of the summit area on July 21, executive director of the institution Christine Lagarde said that Greece expected demand "soon" new aid. Two months later, change of tone in Washington at the annual meeting of the IMF, Ms. Lagarde forget any reference to a new loan, and hammered the need for Greece to meet its commitments before obtaining new European funds. "What we have heard lately is the strong commitment of European partners to be with any member of the area.And I think it's a crucial point, "she said, without defining the role of the IMF. Europe's director, Antonio Borges, agrees:" If the Greeks are doing what they should do, I think they can count on the full support of the rest of Europe. "He fails to mention the IMF.

Jacob Kierkegaard, economist Peterson Institute in Washington, history has proven that the institution had agreed, when it promised 30 billion euros to Greece in May 2010, a plan too ambitious reform the country quickly without restructuring its debt. "The projections are by nature optimistic. They tried to convince market participants that Greece was not an insolvent country," said he. But the IMF has found over time that Athens could not move as fast as you like, especially in its privatization.Gradually, the prospect of global institution with a long experience of debt crises has departed from that of Europeans, for whom it was to preserve the young first monetary union and bank-holding Greek debt. Kierkegaard says, "the markets have a confidence level much higher in the IMF as a neutral arbiter in the ECB or the Commission", and the IMF has gradually imposed his views.

The aid program in Athens, most originally designed by Europeans, has failed in its objectives: to make Greece more competitive, restore the credibility of public finances and financial calm tensions in the eurozone. Contrary to the hopes the Europeans, "the specter of a discount for holders of Greek bonds and the risks of contagion that accompany have not flown," says Samarjit Shankar, an analyst at Bank of New York Mellon.Especially, the way the Greek economy has sunk was a cruel disappointment, said Eswar Prasad, a former economist at the Fund (1990-2006). "In principle", the IMF forecasts assume that the government will follow a certain policy, says he told AFP. Greece shows that "the slippage in the implementation of a policy (…) can cause a divergence between growth forecasts and actual growth."

Sony Ericsson is in discussions to buy the group's stake in their joint venture specializing in the manufacture of multimedia handsets, told Reuters on Friday a source with direct access to the file.

Thursday, the Wall Street Journal reported that Sony was close to buying from Ericsson in their joint venture.

Another source had told Reuters in July that talks about such a takeover was under way in anticipation of the expiry this month of the contract between the two companies.

According to many analysts, Sony needs to tighten its grip on Sony Ericsson to regain lost ground in the smartphone market, heavily congested.

Sony Ericsson was formed in 2001.The joint venture has failed to establish its presence with a market share of around 3% after peaking at 9%.

At the end of the meeting, as Sony lost nearly 4% while the Tokyo Stock Exchange advanced by almost 1%.