The euro fell Friday to its lowest level since May 2009. This morning, the single currency goes on its third session decline and fell below the $ 1.37, after passing down the threshold of 1.38 dollars the previous day (Thursday evening about 22 hours). It reached 1.3648 dollars around 9 am 30. It's a new level for the single currency since May 9
Since the beginning of the year, the euro lost 2.5%.
This drop is explained in particular by the concern of traders due to budgetary problems of many countries in the euro area. Many expect a strong intervention of Europe and even appealed to the International Monetary Fund (IMF) to help Greece to get out of a budget crisis without precedent.
Another concern is about the euro on the currency market, the case of Spain, which has poorly digested crisis including an unemployment rate of nearly 20%.Besides Dominique Strauss-Kahn, IMF head, spoke Thursday on RTL crisis "very strong in Spain and that the country had" an effort "to reduce public deficits Business Card Holders . The Spanish public debt has soared just over 60% of GDP in 2010 while in 2007 it accounted for only 36.2% of GDP.
Tuesday, Paul Krugman, Nobel Prize in Economics in 2008, believed that Spain was the main weakness in the euro area. To this the Spanish Minister of Economic Affairs, Elena Salgado, has responded Thursday by saying on the radio station La Cope: "The euro is a very strong and we continue to strengthen the currency.I see absolutely no risk for the euro area, "adding," there may be a lack of understanding about what the euro means for our economy. "
Another country in the euro area is also starting to worry, Portugal, again because of deteriorating public finances of the country. Besides the titles of Portuguese banks fell by 5 to 6% Thursday on the Lisbon Stock Exchange.
111
Twenty-five phone calls, and the authority of a so-called police commander in the Financial Guard, have nearly costly to Areva. A spokesman for global nuclear leadership confirmed on Wednesday that the figaro.fr of its subsidiaries has been referred by an attempted scam, which has been thwarted, without giving further details. RTL radio said that the event took place last Thursday, January 14.
The usurper who called himself Louis Bouvard, an unknown name to the financial police, said acting on the orders of a magistrate, to dismantle an international network of fraud to the credit card, the radio said.A payment of an amount of 982,000 euros to Hong Kong would have been asked, then realized, before being interrupted in extremis by the security services of Areva.
A judicial inquiry was opened
The Paris prosecutors opened a criminal investigation yesterday, Tuesday, about the attempted fraud, which could have been brought by an international syndicate. He told the inquiry to the Brigade of fraud means payments of the prefecture of Paris.
The case is therefore of no consequence to Areva. But it is a concern more for Anne Lauvergeon, which currently crosses the iron in the media with EDF, to ensure the place of his group in the French team of nuclear.The other question must be arbitrated on Wednesday by Prime Minister Francois Fillon, who planned to gather around him the leaders of the two partner groups, but still competing.
Tensions escalate between EDF and Areva
"Fillon convened Proglio and Lauvergeon
111
Sequences "emotion" and "crop" this Friday at the close of the 49th congress of the CGT in Nantes. Bernard Thibault, exhausted by a week of sometimes heated debates and visibly excited to have been renewed for the fourth time at the head of the CGT, first paid tribute to "six comrades" who leave the executive confederal "after rendered such services. " Among them, two leading figures of this decade: Maryse Dumas, his right arm on employment issues, and Jean-Christophe Le Duigou, the "Mr. Economy and Pensions" of the plant.
Bernard Thibault, who had gathered yesterday on behalf of 88.4% of the votes for the election of the Executive Committee, then cropped activists who have criticized his lack of involvement on the ground and its rapprochement with the CFDT. Particularly highlighting the vote by 77.5% of the delegates of the progress report of the past three years."It's a very honorable to score a direction supposedly cut off from its base," he joked, saying in passing that Nicolas Sarkozy would like to receive the same level of approval of French policy that led to the Elysee.
And the secretary general of the CGT then push the nail against those who disrupted the debate sometimes during the week and gave a divided image of the plant. "It can not be the CGT opposition and majority, he hammered the applause of the audience. There is no line of management, because management implements the guidelines validated by the Congress. "And this is not the great majority of the 1 000 delegates of the 49th Congress which contradict the resolutions of the document guidance for the next three years that received between 73 and 86% of the votes.The CGT knows where it goes, he still drummed, while specifying that the central union will not "attractive if it gives the image that his first battle is internal.
"The Internationale" raised fist
Wishing a CGT "closer, more united and effective," Bernard Thibault has drawn the roadmap for the coming months. "Our priority is the transformation of society," he said. Its power plant will therefore go on retreats launched by Nicolas Sarkozy. "The future of pensions will be the marker for the determination of employee resistance", he warned the head of state. The CGT also ensure that employers does not set wages and employment."The increase in salaries is the key to ending the crisis," he said.
The leader of the CGT has finally made an appointment to his "comrades" for two mobilizations to come: a euromanifestation March 24 to get a boost in employment at European level and a national campaign to defend public services in stride. And said, for those who doubt that the CGT would not wait the end of March "for organiserd'autres appointments and inter-national".
The message is clear: the CGT has not changed, it is always with those who struggle.And the Internationale, sung to finish his fist raised by the Secretary General and the thousands of delegates – admittedly preceded La Marseillaise but sung with more gusto – aimed to demonstrate.
"ANALYSIS VIDEO -" 2009-2012: Challenges Bernard Thibault "
"Thibault:" I've spent any deal with Sarkozy '
"Chérèque private congress of the CGT
111
How to better control the price of gas? That is the question posed by the UFC-Que Choisir in a study released Tuesday and conducted for the association, the Microeconomix firm, specializing in economic analysis applied to energy. The study, which decrypts the various components of gas prices, indexation of long-term contracts to supply gas to that of petroleum products is no longer justified because "the gas reserves are larger and Practice these two energies are not quite the same. " Moreover, this calculation method penalizes consumers for petroleum products are part of an upward trend and are very volatile. The UFC-Que Choisir gives the example of the United States, where there is a real market price of gas. Its price is low given the recession and the discovery of new deposits while the oil prices started rising.The association proposes that consumer gas prices for the supply, are no longer indexed to oil prices and encourages GDF-Suez and state shareholder to initiate a reflection on this subject.
Costs associated with better delivery boxes
Another point raised by the study: the opacity of the costs of delivering gas (transportation, distribution, storage). The UFC also regretted that the information on the operating expenses of transportation and distribution are not published. The same is true of financial results of storage of GDF-Suez and Total, the two current operators. The study also reveals that the total capital committed to the transportation and distribution in France are paid at a rate higher than in other European countries. The idea would be to align to allow a reduction in the cost of these positions.Thus, for transport, the decrease corresponds to 4% or lower fares for consumers in the order of 0.4% since this activity represents 10% of the total cost. For distribution, the decline would be 3%, slightly less than 1% for the end consumer because the distribution represents 25% of total costs. Finally, for the association, it is necessary for storage, whose price has increased 20% over three years to become a regulated activity, as are transportation and distribution. Currently, operators of gas freely set their rates. The UFC is therefore proposing that the costs of bringing gas to final consumers are better supervised.
At present, regulated tariffs for natural gas are set by the government after recommendation from the Commission of Energy Regulation. Last October, the government had decided not to change the price of gas.According to the formula for calculating the new rates, the decline would be limited to 0.6% to 0.7%. The last drop of gas took place last April. It was around 11.3%.
ALSO READ
"Gas: a new method of pricing?
"PAPER – Read the analysis of the UFC-Que Choisir on gas prices (pdf)
111
