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IN THE PRESS

An overview of the stories making the French and international newspaper headlines. From Monday to Friday live at 7.20 am and 9.20 am Paris time.

Latest update : 2012-07-05

Algeria's 50th Anniversary...but why is France not invited?

Algeria celebrates its 50th anniversary of independance, inviting everyone but France to the party. But some papers, like Le Soir in Algeria have little good to say of the past 50 years. Luckily we have the financial news to cheer us up, like how ousted Barclays CEO Bob Diamond is getting on after his speech to the Parliamentary inquiry.

The mood is either jubilant in Algeria or muted, depending on which paper you read. But if you're reading Le Soir, you'll discover that the country has gone in the opposite direction of the ideals it espoused 50 years ago. It abandoned the socialist revolution in favour of market anarchy, it's harder to find child care and health care. Not a word in Le Soir's editorial to be said of the benefits of independance. 

Of the 14 'bad people' at Barclays, Bob Diamond says he was not one of them. The Independent paints a disturbing picture of the man, as he manages to unburden himself of any sense of responsibility. 

The Guardian says that if you've had enough of this kind of banking behaviour, it's time to move on. A not so new phenomenon called 'Move your Money' is simply the reminder that you need not remain tied to your bank, especially if you discover that its behaviour is unsavoury. 

By Kyle G. Brown

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