Monday, September 27, 2010

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European states

Alert Peru / alex bathrobe. So far this year France is through widespread protests by his controversial pension reform, they envision with radicalized in the coming weeks. Surrounded by several problems, among them the crisis in Europe because of the deportation of five Gypsies who made this month, the kidnapping of five French in Niger by Islamist groups and three more in Nigeria, the French government of Nicolas Sarkozy looks like French unions have held their fifth day of strikes and street protests so far this year (the second in less than fifteen days) to force their government to withdraw its pension reform, providing legal age to delay retirement of the French from 60 to 62 years and 65 to 67 years of age.

General Strike In fact the French unions called on 7 September was deemed a success, but the last 23 brought 3 million people to the streets across the country, more than half a million earlier this month This undoubtedly represents a major achievement for the country's trade union movement Gallo. Agencies say the massive participation of workers, both public and private, have reaffirmed their determination not to accept an unfair and ineffective reform. French unions said that the latter-day strike was marked by the attendance "of more workers in the private sector, especially small and medium enterprises, as well as the presence of younger women. Then there is more than half of domestic and international flights paralyzed, and high-speed trains stopped along with several international train travel.

As you know one of the workers' protests in France came a day after President Nicolas Sarkozy to make changes in his cabinet and announced the departure of the Labor Minister Xavier Darcos, who was replaced by Eric Woerth, manager scheduled reform this year. What seems to worsen over the protests, is the position of president, Sarkozy considers as "non negotiable" the basics of reform following the economic crisis that exists, which requires retirement at age 62 to receive a pension "partial" and retirement at age 67 to collect a pension "complete." With what is looking to the French work longer before collecting a full pension and the intention of increasing the retirement age.

The calendar runs against President Sarkozy, for the October 5th, the Senate will begin debate on the new law, which has already been approved by the National Assembly. And it will be very difficult for Sarkozy yield, however sunk in the polls, battered inside and outside France, the French president has made pension reform a matter of principle and unions convenors know. That is why France's trade unions consider that future protests and strikes against pension reform will continue until the parliament and the government of Nicolas Sarkozy does not consider other alternatives to the bill.

And how is Greece after striking crisis?
The crisis in Greece is under control. At least this is what I think the Prime Minister Georges Papandreou, despite street protests continue. In fact after the acute crisis that struck Greece, the largest financial crisis of the past 50 years, Greece has been forced to renew his cabinet, the Greek Prime Minister George Papandreou Socialist had to remodeling in that regard. Thus created a new Ministry of Development and Competitiveness. Calculations or be it changes, that Greece is taking, were announced on the eve of the EU, the European Central Bank (ECB) and the IMF confirmed its approval to the second tranche of EUR 9,000 million, belonging to the three-year loan of 110,000 million euros agreed in May to save Greece from bankruptcy. In fact

Executive Papandreou has taken a severe austerity plan to reduce this year's fiscal deficit to 8.1% of Gross Domestic Product (GDP), from 13.6% in 2009. Thus expects the economy will contract helena 4% in the year, according to official figures. However Papandreou rejected a debt restructuring of his country, she considers catastrophic for its economy, has argued that a suspension of debt payments would lead to a potential and probable collapse of the banking system and the loss to Greek families properties.

And Spain?
Spain has bought time. The package of fiscal measures announced in May, including the reduction of public sector salaries by 5% on average, a reduction in public investment and savings in state general government, setting a spending ceiling (122 022 million euros) for the 2011 Budget, the adoption of labor reforms and a return to the path of growth have improved the perception of country risk. With which President Zapatero has embarked on to say "I think the crisis in Spain and the euro area in general is over," An optimism that investors do not share as evidenced by the escalation of tension you are living in the European bond market this week. Spain has managed to avoid the wrath of investors this time, but remember that even experts should not claim victory because there are many obstacles to overcome. The image to the outside of the English government this week facing a general strike, will help to enhance or impair the confidence of investors concerning the State's capacity to undertake the painful measures necessary adjustment.

Data:
- France has more than 15 million retirees and by 2050 that figure could rise to 23 million people who access their pension.

- Most economic packages that have implemented economic austerity package in late 2009 and early 2010 as Greece, Spain, Portugal, Italy, Hungary and Germany have set up reforms in the pension system by cutting either pay them or increasing the retirement age.

More info?

http://www.rebelion.org/noticia.php?id=106700
http://www.presseurop.eu/es/content/topic/78661-europa-y-la-crisis

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