The global recession has brought its loads of devastating effects. Some companies manage to buck the trend. Among them, GDF Suez. Raphael Kahane met Gerard Mestrallet, the head of the European leader of energy and gas network.
The world economy has moved a step further into crisis, as the scale of bank losses continues to rise. Nouriel Roubini, predicted the current financial turmoil. He explains why nationalization of banks could be one answer to the crisis.
3,5 million will join the jobless rolls in Europe this year, as the global crisis batters labor markets. To discuss the rising wave of unemployment, D. Herbert talked to Stefano Scarpetta, head of the Employment Division at the OECD.
The European Central Bank kept its key interest rate unchanged at 2% on Thursday. FRANCE 24’s Raphael Kahane asked Jean-Claude Trichet, ECB president, how this “wait-and-see” approach can help the European economic down-turn.
Raphaël Kahane met Carlos Ghosn, President and CEO of Renault-Nissan alliance at the World Economic Forum in Davos to discuss the situation of the car industry amidt the economic turmoil and 2009 economic forecasts.
The growth, even it is a key global economic factor, is much more the industrial countries concern than the least developed ones. Due to the global financial crisis, I think international organizations such as the World Bank should definitely focus their current funding efforts on tackling the corruption issues in developping, fragile and conflict-affected countries. Indeed, I have just been reading an interesting article from your RFI colleagues about the « Corruption Perceptions Index 2010 » from Transparency International. Seeing Afghanistan, Iraq, or Somali ranked as the most perceived corrupted countries for example, it seems obvious the current tensions in the Middle-East or North Africa are exacerbated by the geoeconomic gap, feeding the natives or local populations bitterness and anger, which the corruption by widening those countries wealth gap, biasing business or diverting aids is at the root. I don't know if the global crisis has increased that plague, nevertheless from my point of view, fighting corruption is one of the first steps towards the developing countries economic start out. Still, I'm aknowledging it is always easier to solve such complex and multi-factor issues with a pen than being in the Robert Zoellick seat or other economic leaders. More generally, I would like to thank you for the quality of your interview Raphael and will continue to watch regularly your magazine.
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Corruption
The growth, even it is a key global economic factor, is much more the industrial countries concern than the least developed ones. Due to the global financial crisis, I think international organizations such as the World Bank should definitely focus their current funding efforts on tackling the corruption issues in developping, fragile and conflict-affected countries. Indeed, I have just been reading an interesting article from your RFI colleagues about the « Corruption Perceptions Index 2010 » from Transparency International. Seeing Afghanistan, Iraq, or Somali ranked as the most perceived corrupted countries for example, it seems obvious the current tensions in the Middle-East or North Africa are exacerbated by the geoeconomic gap, feeding the natives or local populations bitterness and anger, which the corruption by widening those countries wealth gap, biasing business or diverting aids is at the root. I don't know if the global crisis has increased that plague, nevertheless from my point of view, fighting corruption is one of the first steps towards the developing countries economic start out. Still, I'm aknowledging it is always easier to solve such complex and multi-factor issues with a pen than being in the Robert Zoellick seat or other economic leaders. More generally, I would like to thank you for the quality of your interview Raphael and will continue to watch regularly your magazine.
Roland,
France