Ancienne journaliste à l'Usine Nouvelle, au Monde, et à la Tribune. Plusieurs livres: Vivendi: une affaire française; Ces messieurs de chez Lazard, Rothschild, une banque au pouvoir. Participation aux ouvrages collectifs : l'histoire secrète de la V République, l'histoire secrète du patronat , Les jours heureux, informer n'est pas un délit.View his profile in the club
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The unemployment rate in France dropped below 10% during the second quarter of this year, and for the first time since 2012, according to figures released on Thursday by the French National Institute of Statistics and Economic Studies (INSEE). The news appears to pave the way for President François Hollande to announce his re-election bid in next year’s presidential elections but, as Martine Orange reports in this analysis of the figures, the slight fall in official jobless numbers cannot mask the grim reality of France’s endemic unemployment.
Patrick Drahi. © Reuters
French telecoms operator SFR, which was acquired by the holding company of Swiss-based businessman Patrick Drahi in 2014, is losing subscribers to its mobile- and internet-based services by the hundreds of thousands. The haemorrhage threatens the future of the group, already struggling with heavy debts amid one of the toughest telecoms markets in Europe. Martine Orange analyses the cost-cutting, service-reducing strategy employed by Drahi, a champion of the technique of leveraged buyouts.
Part of a key report on the Kerviel affair that was ignored then shredded.
Was Société Générale's determination to hold on to a 2.2-billion-euro tax rebate partly behind the French bank's motivation to pursue its “rogue trader” Jérôme Kerviel with such zeal? That is a question raised by a report written for French prosecutors in May 2008 and now seen by Mediapart and other French media as part of a joint investigation. As Martine Orange reports, it appears this important report was first ignored by the judicial authorities and then shredded.
Crucial meeting? French and German finance and economy ministers meeting in Berlin, October 2014. © france-allemagne.fr
The French government’s labour law reform bill, now being debated in the Senate, has prompted fierce opposition from several trades unions, massive demonstrations across the country, and a deep political and social crisis. Opinion polls show a majority of the population are opposed to the bill, which reduces current protection for employees with measures that include easing conditions for firing staff and placing a ceiling on compensation sums awarded by industrial tribunals. But the government is adamant it will not negotiate the bill's contents. Martine Orange investigates the reasons for its unusual intransigence, and discovers evidence that the most controversial texts of the bill were demanded by European Union economic liberals.
Last Friday, the board of French carmaker Renault insisted it would pay chief executive Carlos Ghosn a package of 7.2 million euros for his services in 2015, despite a revolt by shareholders who disapproved of the deal which economy minister Emmanuel Macron on Tuesday denounced as “excessive”. In this opinion article, Mediapart’s economic affairs correspondent Martine Orange argues that Ghosn, who is also paid a yearly 8 million euros as head of Nissan, is typical of a new caste of cynical oligarchs who are unaccountable to anyone, even to the very shareholders who first launched them on a path of greed.
Economy minister Emmanuel Macron and EDF boss Jean-Bernard Lévy are under fire over the Hinkley Point project. © Reuters
On Friday April 22nd the board of directors at French energy giant EDF announced they were delaying a final decision on building two European Pressurised Reactors (EPRs) at Hinkley Point in Britain. The news came in the wake of an unprecedented rebellion by EDF staff against the 23-billion-euro project which some fear could even lead to the demise of the state-owned French company. Mediapart has seen a letter backed by 400 managers which calls on EDF's directors to face up to their corporate responsibilities, or face potential legal action if the Hinkley project damages the company. Martine Orange reports.
Plans by French energy giant EDF to build two European Pressurised Reactors (EPRs) at the Hinkley Point nuclear power plant in south-west England have already triggered the resignation of the company's finance director, led to opposition from unions and raised doubts from France's financial watchdog. Now, Mediapart can reveal, in an unprecedented move a number of EDF's own engineers have also expressed their deep misgivings about the multi-billion euro project and called for it to be delayed. As Martine Orange reports, the engineers fear the Hinkley Point construction could threaten the group's plans to renew France's own nuclear power stations in the near future.
French utility giant EDF is facing mounting pressure to abandon its project to build two nuclear reactors at Hinkley Point in south-west Britain. Days after the resignation on March 7th of the state-owned group’s finance director over the financial risks involved, it was the turn of France’s national court of auditors to sound the alarm amid a damning report on EDF’s international operations. Martine Orange reports.
A project by French energy giant EDF to build two European Pressurised Reactors (EPRs) at the Hinkley Point nuclear power plant in south-west Britain has mobilised large numbers of its staff and management against the move. They believe that the huge industrial and financial risks for EDF may result in a meltdown of the group. Martine Orange reports.
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