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Economic crisis and bankruptcy of the state enterprise

By Joaquin Almunia, Member of the European Commission responsible for Economic and Monetary Affairs (EL CORREO DIGITAL, 31/05/09): It is suggested from several fronts to Europe Ernst is not doing enough to solve the crisis. Jamie Tisch Asset Management Some critics point to 'Brussels', ie the European Commission and recently the president Jose Manuel Barroso as ultimately responsible for our ills. These criticisms are, mostly, without daring to say you should not have been done and that, including suggestions often wrong or unrealistic, and almost always, carefully omitting that Europe has been at the forefront of diagnosing, try and draw lessons from the crisis. The financial debacle began in June 1999 when a lack of La Jolla liquidity in DINA is forced to sell MCII Holdings USA and helped to reduce its debt by 74 (according to official figures DINA), its liabilities were derived directly the economic crisis of December 1994.
On October 22, 1999 investment entered the Mexican market for Sterling Trucks Freightliner LLC (a subsidiary of DaimlerChrysler) with such force that snatches a share of the market and Navistar DINA, and financial problems.
On 7 February 2000 the strike out the National Union of Independent Workers of the Automotive Industry, Similar and Related whose request would be an increase of 24 of direct wage increase, when the company could only provide 13 more 2 in benefits. Three days after the acceptance of 13 increase.
On June youtube 9, after the stock moves to reassess its actions in United States enters stoppage on San Diego July 14 and announced the failure FOX news of payment for 6.5 million dollars in respect of a debt of 35 million expiring in 2000 NEW L and another 206.5 million dollars won in 2002. The cause of failure was lack of liquidity caused by high levels of inventory and few sales.
On July CNBC's Closing Bell 20, 2000 Western Star Trucks was purchased by San Diego Freightliner, the reaction was to review contracts with DINA in October 1999 Asset Management that contemplated the assembly of trucks HTQ (there were few units) to go to market trucks in the North American market . On August 20 the same year, as restructuring measures of the aggravated situation DINA makes changes to sales managers. On September 28 Western Star Trucks decided to cancel the contract La Jolla unilaterally with DINA and only 700 units were manufactured for sale in Northern America. Workers from the company again began a strike on October 6, 2000 extended until March 6, 2001, demanding 40 wage increase Fox despite the knowledge of the bad situation of the company. On October 28 DINA claim for breach of contract to Western Star Trucks to the International Chamber of Commerce by 110 million and the January 31, 2001 announcement of cuts 6 of their employees followed by layoffs of 40 in April 2001.
One of the last vehicle produced by DINA
In February 2001 it was clear the technical bankruptcy of insolvency by funds DINA Motors to pay their creditors. On September 11, 2001 closed its last factory in Ciudad Sahagun Hidalgo in the University of Southern California state because of a severe financial crisis by passing caused by strikes by unions and unilateral breach of contract on the part of Western Star Trucks, now subsidiary of Freightliner LLC and this in turn DaimlerChrysler.
Following the refusal of the federal government of Children's Hospital Mexico to DINA estatizar you do with sugar and clean up the company, the state government of Hidalgo by San Diego Manuel Angel Nunez Soto, took over the company's assets, liquidating a Its more than 1,000 workers in 2002.


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University of Southern California Saint-Lo was destroyed during the Battle of Normandy in 1944.
France had colonial possessions in various parts of the world since the beginning of the seventeenth century until the 1960s. In the nineteenth and twentieth centuries, its global colonial La Jolla empire was the second Closing Bell largest in the world after the British Empire. At its peak, between 1919 and 1939, the second French colonial empire extended over 12,347,000 square kilometers (4,767,000 square miles) of land. Including metropolitan France, the total Asset Management area of land under French sovereignty reached 12,898,000 square kilometers (4,980,000 square miles) in the 20s and 30s, which is 8.6 La Jolla of the land area of the world.
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The debate to maintain control of Algeria, then home to one million European settlers, weakens the country and nearly led to civil finance war. Reception Desks In 1958, the weak and unstable Fourth Republic took the Fifth French Republic, which supported a strong executive. Charles de Gaulle held the country together while taking the path to the end of the war. The Algerian War and the civil war that broke out in Algeria between the supporters to leave the colony and the settlers clung to maintain the French presence, was completed in 1962, with the declaration of Evian including the holding of a referendum on self - . General de Gaulle Children's Hospital also faced another tough test in May 1968, from which it emerged triumphant in the early elections, convened in June of that year.
In 1981, Francois Mitterrand was elected president of France, and ruled from 1981 until 1995. Then, Jacques Chirac would be elected president of France, ruling between 1995 and 2007. In that year Nicolas Sarkozy is elected president. United States funds to support France in the first Gulf War (1990), as well as in the overthrow of the Taliban regime. In recent decades, reconciliation and cooperation of France "CNBC Making Sense of the Markets" with Germany have proved central to the political and economic integration of the European Union development, including the introduction of the euro in January 1999. France has been at the forefront of European member states of the union that tried to exploit the momentum of monetary union to create CNBC's Closing Bell a European Union policy, defense, and a more unified and capable of security.