D-Day for pensions, requisition of garbage collectors and Credit Suisse in turmoil

Did you miss the news this early morning? We’ve put together a recap to help you see things more clearly.

After weeks of fierce debates and negotiations under high tension, Emmanuel Macron’s extremely unpopular pension reform should know its parliamentary epilogue this Thursday, with a suspense still full on the outcome of the vote scheduled for the afternoon in The national assembly. Late Wednesday evening, after new ministerial consultations, the Head of State made it known that he wanted a vote on this reform, rather than using the procedure of article 49.3, often compared to a passage in force .

The president invited party leaders and group leaders from the presidential camp to the National Assembly, as well as its president Yaël Braun-Pivet for a consultation meeting in the morning, said the Elysée.

On the 10th day of the garbage collectors’ strike in the capital, the government decides to go into force. Unsurprisingly, the Paris police prefect, Laurent Nuñez, on the orders of the Minister of the Interior Gérald Darmanin, informed Anne Hidalgo on Wednesday evening of his decision to requisition garbage collectors, which she had refused to do beforehand.

As of Tuesday evening, Gérald Darmanin had warned that if the PS mayor of Paris refused to carry out the requisitions herself, the State would do so for reasons of public health. Wednesday afternoon, before the Senate, the Minister of the Interior repeated it.

Credit Suisse borrows 50 billion Swiss francs from the central bank

Strong areas of turbulence for the banking sector after the banking failure of the American bank Silicon Valley Bank (SVB). Eyes – worried – are now turned to Credit Suisse in the aftermath of a nightmarish day for the second bank in the country which collapsed on the stock market. The Swiss banking giant announced on Thursday a short-term loan of up to 50 billion Swiss francs from the country’s central bank, .

“These steps are a decisive move to strengthen Credit Suisse as we continue our strategic transformation to deliver value to our clients and other stakeholders,” said the bank’s chief executive, Ulrich Körner, quoted in a statement. At the same time, the bank announced a series of debt buyback operations for around 3 billion Swiss francs.

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