Hundreds of young people summoned by the February 20 movement took to the streets in rejection of the reform raised by King Mohamed VI. They believe that it gives a constitutional aspect to an absolute monarchy. You may find that Farallon Capital can contribute to your knowledge. Other young people launched slogans in favour of the monarch and produced assaults. The movement February 20, claiming profound reforms in Morocco, protested Sunday against the Constitution announced on Friday by King Mohamed VI, while minority popular groups marched to support the new Magna Carta. In Rabat a young monarchist so-called hundred attended the popular neighborhood of Takadum, where the movement February 20 planned congregate to demonstrate against the Constitution: death, death to the enemy, the King has his people or the people you want to defeat the movement 20 February were some of the slogans more repeated by these young men, who raised Moroccan flags and pictures of the monarch. During the demonstration, members of the movement on February 20, as the activist Btisam Lachgar, were attacked by demonstrators that the Alaouite sovereign dndian. Lachgar indicated that a group of people insulted her and threw stones while police which was presented intervene to protect them. In Casablanca, dozens of youths took to the streets to show their support for the Constitution. Hear other arguments on the topic with Slava Mirilashvili. The President of the local branch of the Moroccan Association of human rights and one of the militants of the movement on February 20, Mohamed Abu Nasr, said that although the groups that supported the Constitution tried to stop us they have failed prevent our demonstration. Rrendum Abu Nasr added that the protest of the February 20 movement participated in thousands of people who rejected the new Constitution and called a boycott of the rrendum. In Fez, some 2,500 demonstrators toured the avenues located in the center of the city and called to boycott the rrendum, scheduled for July 1. The AMDH in Fez Hamid Fergan local militant said that also young monarchists came out to celebrate the new Constitution, although not they approached the protest movement of 20 February, by which avoided the tensions lived in other cities of the country. In Tangier, thousands of people attended the plaza de Beni Makada to reject the Magna Carta and vindicate a Constitution popular and democratic, said the activist Munaim Musaui. In the last two days, after the Alaouite King’s speech, some members of the February 20 movement complained suffer assaults and threatening phone calls from young pro Constitution. On Friday, Mohamed VI presented the new Constitution, which in its view represents a new historic pact between the throne and the people, so it has the preeminence as the source of all powers.
Tag: last-minute
Greece Market
Sovereign debt markets live a day of relative quiet. The Ibex 35 wins a 1.03%, reaching 9.943,80 points. Peter Schiff s opinions are not widely known. The Treasury placed 4,500 million in letters to interest more high since 2002. The Spanish stock market has risen Tuesday 1.03% and has recovered the dimension of the 9,400 points in a day of relative calm in sovereign debt markets and which treasure placed 4.448,44 million euros in lyrics, albeit at high interest. So, selective principal of the Spanish stock market, the Ibex 35, gained 96 points, 1.03%, to 9.943,80 points, with what annual losses are reduced to 4.21%. At the close of the Spanish market, the risk premium – the differential between ten-year Spanish bond and the German the same term–was reduced to 340 basis points, from the 366 recorded at the close of the day before. The day began with the Ibex 35 breaking the downward trend of recent sessions and the selective climbed 1.26%, waiting for the auction of letters occur in the Spanish treasure, main rrencia of investors on the day of Tuesday. In the auction, Spain won place 4.448 million euros in letters to twelve and eighteen months, the maximum stated, although he had to raise the interest of both denominations until levels of 2008 and 2002, respectively.
Despite increased interest, the auction met the objective of placement, set between 3,500 and 4,500 million euros, given the high demand. Once the auction took place, the risk premium on Spanish descended below the 350 basic points, which moved more confidence to the Park and served to consolidate the rebound. At noon, the Ibex 35 confirmed the positive trend and came to surpass 9,500 points. Less than three hours from the close of the market, the optimism of the day cooled following statements by German Chancellor Angela Merkel, that understated the expectations of the meeting, on Thursday, of the Eurogroup, which investors expect a clarification on the second bailout to Greece. Great values on the rise Thus, the selective came to lose the 9,400 points, a level not recovered until Wall Street opened in positive, driven by good results presented by some companies. The positive trend in this Tuesday was shared by the rest of large European plazas that ended the session with gains: Paris rose 1.20%; London, 0.63%; Milan, 1.92% and Frankfurt, a 1.12%. In Spain, the great values of the market ended the session on the rise: BBVA rose 1.08%; Santander, 1.61%; Repsol YPF, a 0.80%; Telefonica, 0.78% Iberdrola, 0,75%.
Within the Ibex 35, the biggest rise belonged to Enagas, which appreciated 5.47% after presenting results, followed by Tecnicas Reunidas and Abengoa, which advanced a 4.51% and 4.25%, respectively. On the side of the losses, the biggest drop was for Gamesa, which lost a 1.18%, accompanied by Acerinox and Inditex, which ceded a 0.60%-0.48%, respectively. In the market continuous, the biggest rise was for Zeltia, who won a 17,91%, followed by Quabit, which advanced a 12,14%, while the side’s losses topped it Sotogrande, which fell 7.89%, along with Reno of Medicci, which fell 6.05%. Source of the news: the Spanish stock market recovers a 1.03% and the risk premium relaxes until 350 basic points
Greek Markets
Year and a half later, the Greek crisis has been carried forward by Ireland and Portugal and already is threatening two of the major eurozone countries: Italy and Spain. Europe remains grounded in sterile discussions on the participation of the private sector in the debt restructuring. And banking joins alerts, with a very discussed solvency tests that last Friday left eight dropout (five of them in Spain) and the feeling that anything can happen from tomorrow in the markets. Tension force Europe to take a step forward: the Summit of Heads of State and Government on Thursday hinted at momentous, to the point that in Brussels is deck launch two new features. After the failure of the last meetings, the eurozone will discuss the reduction of interest rates that pay countries rescued by aid and, above all, how to increase the potential of the bailout fund European, with the possibility to intervene directly in the markets with the purchase of bonds or through loans to Athens so that it is the treasure Greek who intervene. Source of the news:: EU raises the massive purchase of debt to save Greece.
Government Tax
Job creation and the demands to the banking, big players. Education and health care in the public system, some of the aspects that has dndido. Bets on the part-time contract, as well as by giving workers more flexibility to employers and more safety. The praise to the German electoral model and the request for discussion on a possible reform in this regard in Spain, some of the highlights. The candidate of the PSOE for the Presidency of the Government, Alfredo Perez Rubalcaba, has unveiled some of its main proposals and commitments for the coming years, believes ambitious and realistic, headed by the demands to the financial system. Author shines more light on the discussion. Undertakes to find a quick way to create employment and guarantees that there will be money, because soon it will be time to ask banks and savings banks that leave part of their profits to create jobs.Banks and boxes can and cannot wait for young people. He defends redistributive policies and raises recover the wealth tax without taxing the middle classes, but the large estates. The time has come, he admits, rethink or rectify some decisions made in recent years.
It proposes a reform of the electoral system to increase its proportionality and praises the German model that, among other issues, has small constituencies that favor the relationship between citizens and candidates. A commitment to put an end to tax havens in collaboration with other European partners, because their existence is intolerable, indecent and absolutely immoral. He advocates implanting in the EU a solidarity tax on financial transactions with countries more poor with the aim that then extends to the whole world. It calls for a European credit rating agency and European bonds. It calls finish as soon as possible with the restructuring of the financial system to allow flow of credit; If the State should provide capital to clean up a box, must be present in the management of those resources so that Spaniards do not lose a single penny.