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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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.
Jérôme Kerviel. © Reuters
New and compelling evidence has emerged to suggest that the conviction of the Société Générale’s so-called ‘rogue trader’ Jérôme Kerviel, who was jailed for his actions that were estimated to have cost the bank 4.9 billion euros, is unsound and was reached after a botched and biased investigation steered by the bank, Mediapart can reveal. The latter claimed that Kerviel’s superiors knew nothing of his reckless trades. But in a secretly-taped conversation, a senior magistrate with the Paris public prosecutor’s office involved in the case says the police officer in charge of the investigation was “entirely manipulated” by the bank, and that it was “obvious” that “the Société Générale knew” what its trader was doing. Martine Orange reports.
After the Charlie Hebdo shootings in January this year President François Hollande's key focus was on pulling the nation together. Now, after the terror attacks that struck Paris on Friday November 13th, the French head of state has espoused the language of war to justify more air strikes by French jets in Syria and Iraq, stronger internal security measures, more police officers and, most notably, a change to the French constitution. In a rare address to French MPs and senators Hollande said on Monday: “France is at war.” As Lénaïg Bredoux and Martine Orange report, the mood in the French presidency is for tough talk and tough measures to combat jihadists – and also to stop the French Right from seizing the political initiative.
In just two years, Franco-Israeli businessman Patrick Drahi has turned a pedestrian French cable operation into a global telecoms empire, spending more than 40 billion euros on acquisitions, including France’s second-largest mobile operator, SFR. But behind the breathtaking sequence of deals, he has ratcheted up debt, riding on the wave of cheap money that followed the 2008 financial crisis, and now even ratings agency Moody's appears concerned. Martine Orange reports.
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