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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.

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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.

Divided, the European Union decided Tuesday to put the spring at least the creation of a tax on financial transactions, which has yet active support of France and Germany.

Several countries, within and outside the euro area, have expressed strong reservations at the monthly meeting of EU finance ministers that such a tax "Tobin" is implemented in the EU without first being decided at the international level.

"Today the Ecofin, we mainly talked about the tax on financial transactions. The debate was lively," said the German finance minister, Wolfgang Schäuble.

As for Britain, which critics have intensified in recent days, she simply asked that the case be permanently archived.

"I suggest we bury the idea that there will be a tax on financial transactions," he told his counterparts the British Minister of Finance, George Osborne.

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  • 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.

    Colonel Gaddafi would have died

    The Libyan leader was ousted in Sirte on Thursday killed according to the National Transitional Council (CNT). The dictator Muamar Gaddafi of Libya

    Libyan leader Muammar Gaddafi ousted captured in Sirte died Thursday, according to a commander of the new regime in this town east of Tripoli and Libyan television. "We announce to the world that Gaddafi has died at the hands of the revolutionaries," he told the press the official spokesman of the National Transitional Council (CNT) to Benghazi (east), Abdel Hafez Ghoga.

    "This is a historic moment, it's the end of tyranny and dictatorship. Kadhafi met his fate," he said. He said the information of his death "was confirmed by our commanders on the ground in Sirte, the very people who captured Gaddafi when he was wounded during the battle in Sirte". "We also have information on a convoy that was bombed by NATO while fleeing Sirte.There are reports of the presence of Gaddafi's son in this convoy, we are to check, "he added.

    Libyan television "Libya Free" in Tripoli had previously stated that a son of Muammar Gaddafi "Mouatassim Daou and Mansour (the head of internal security services), and Abdallah Senussi," the head of Libyan intelligence, had been captured in Sirte.

    Another witness quoted by Reuters said that Gaddafi reportedly shouted "Do not shoot, do not shoot", when it was found.

    Follow the event minute by minute LExpress.fr

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  • France and Germany have formalized their agreement on how to resolve the debt crisis in the euro area, said Friday the French Minister of Economy Baroin after meeting with his German counterpart Wolfgang Schäuble and Nicolas Sarkozy.

    "We will over the coming days to continue our discussions but we already have on contractual agreements that will be very important," said Baroin referring to the stabilization of the euro area, the recapitalization of banks in Europe and "maximizing" the European Financial Stability Fund (EFSF).

    Wolfgang Schäuble assured that the two countries had a "common position" and expressed confidence that they can "protect the euro area".

    Nicolas Sarkozy and Angela Merkel pledged in Berlin on Sunday to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit scheduled for early November in Cannes, which will include a recapitalization of European banks.

    The French president was then assured that the compromise between the two countries on how and where the process was considered "complete", denying the reports of differences over the use of EFSF, now ratified by all Member States of the area, to provide the necessary funds.

    While the capital needs of European banks were estimated between 100 and 200 billion dollars by the IMF, Angela Merkel stated that the new European Banking Authority and the International Monetary Fund would be asked to ensure that what is proposed is "durable and strong."

    Nicolas Sarkozy announced the other as France and Germany were preparing a number of adjustments to the Treaties to strengthen European integration in the euro area.

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  • 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.

    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%.

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  • The name of the successor of François Chérèque is already known for three years, provides a blog linked to Figaro.fr. The handover could take place in mid-2012. The departure of François Chérèque of the post of secretary general of the CFDT could happen in mid-2012.

    François Chérèque of the estate at the head of the CFDT is folded from "a long time," says the BBC journalist Mark Landre on his blog The Cartoon Network. According to him, Lawrence Berger, national secretary in charge of employment and organization, no doubt replace the current general secretary. The decision would even be fixed for three years. "The question is not whether Lawrence will take the place of Francis, but when," reportedly said a central part of Belleville. According to him, this could be done in an early departure of François Chérèque "in mid-2012."

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  • European shares finished sharply Tuesday and recorded a third straight session of gains, supported, as before, with hopes of credible solutions to the crisis of sovereign debt in the eurozone.

    The CAC 40 index closed up 5.74% to 3023.38 points, crossing the psychological barrier of 3,000 points and a small resistance around 3,014 points, the next resistance zone at around 3,089 points, according analysts graphics.

    Professionals are questioning the strength of the rebound in stock market indexes and bank brunt of the fall of the market since late July and the main drivers of the rebound.

    "For banks and insurance, as the indices, we can not yet say that we have stopped the downward momentum in place.But there are low points which should take several weeks, "said Jerome Vineria, market analyst at IG Markets.

    For Valerie Gastaldy Cabinet Technical Analysis Day By Day, "the market may have been a low point, but there is no buy signal yet."

    "Although the rebound is very large, has not yet confirmed the figure to return to Europe, but there is almost (…) what is interesting is that this is the first bounce that comes from the banks since the beginning of the fall (July ed), "she adds.

    THE REBOUND not last NO SOLUTION TO THE CRISIS

    In Paris, the bank has increased dramatically and signed the largest increases in the CAC 40: in order, Societe Generale (16.81%), BNP Paribas (14.15%) and Credit Agricole (13 , 1%), while the Stoxx European banks index was up 6.82%. The French and German banks have outperformed the others and are the only ones taking more than 10%.Deutsche Bank gained 12.62% and 12.59% Commerzbank.

    The London Stock Exchange gained 4.02%, the Frankfurt 5.29% and 4.9% in Milan while the pan-European index STOXX 50 was awarded 5.31% and the Eurofirst 300 garnering 4 55%.

    The volatility index of the Frankfurt Dax has dropped from 6.76% to 46.58.

    "The 'rally' bear markets are the most violent," said Frederic Buzare, head of equity management at Dexia Asset Management, which warns that "the rebound will not last if investors do not get a clear action plan to resolution of the crisis "of the debt, he added.

    "In this market-led policy, all about the risk premium. The valuation ratios are no longer relevant.We spend more time reading the statements of leaders (political) to study the balance sheets of companies, he says.

    In addition to banking and insurance, the rebound has affected all sectors in Europe, particularly the construction (6.32%) and commodities (7.52%).

    In the CAC 40, Alstom jumped more than 11%, Lafarge over 10% of Accor 9.37% 8.52% ArcelorMitttal, Michelin of 8.07%, 7.67% of Peugeot and Renault of 8.22%.

    In this context of return to risky assets, return on German government bond (Bund) was extended to 10 years of one basis point to 1.96% while the euro going above $ 1.36 to exchange around 1.3610 against 1.3530 on Tuesday morning.

    A barrel of U.S. light crude oil gained 3.64 dollars to 83.88 dollars and 2.64 dollars per barrel of Brent at 106.58 dollars.

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