- Consumer Sentiment Falters, Despite Job Growth
- Obama to Exempt Religious Employers on Birth Control
- Bonus Bloodbath: Europe Banker Backlash Continues
- Diamond Investing: Why It's Not for the Faint of Heart
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Israel Likely to Bomb Iran This Year: Political Analyst
- The World's Best Beers
- Rep. Bachus Faces Insider Trading Probe: Report
- In Europe, Stagnation as a Way of Life
- Clint Eastwood ‘Surprised’ by Reaction to Chrysler's ‘Halftime in America’ Ad
- Bulls Check In to Community Health
- Bank of America’s Worst-Case Scenario Gets More Real
- Tesla Unveils First SUV: Model X
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
MOST SHARED
- Consumer Sentiment Falters, Despite Job Growth
- Bill Murray's View on the Economy
- Santelli's Morning Bond Report
- Videogame Sales Fell 34 Percent in January
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- Home of the Oscars Battles For Kodak Sponsorship
- Greek Police Union Wants to Arrest EU, IMF Officials
- Stocks Stumble as Greek Talks Stall; Vix Soars
- How to Date a Wall Street Man
- Bonus Question Dogs Barclays’ CEO Bob Diamond
MOST POPULAR
HOT ON FACEBOOK
Commuters Walloped by Strikes in France, London
Public transit ground to a halt across France and on the London Tube on Tuesday, with tourists and commuters bearing the brunt of a wave of discontent over government austerity measures.
![]() |
Sharon Lorimer Commuters leaving London Bridge Station Sept. 7 faced an Underground strike and were forced to wait to squeeze into crammed buses or walk to work. |
Across the English Channel, millions struggled to get to work as a strike by London Underground workers closed much of the city's subway system. It was the first of several such 24-hour strikes planned for this fall.
The strikes came as European Union finance ministers met in Brussels amid worries that the government debt crises that alarmed markets worldwide earlier this year could flare up again. The ministers are discussing introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis.
In France, the strike coincides with the start of debate in parliament over a plan to overhaul the money-losing pension system so it will break even in 2018. The government insists the reform is essential as people are living longer, and it has urged everyone to show "courage" as it tries to chip away at the huge national debt.
The French retirement age of 60 is already among the lowest in Europe. In contrast, neighboring Germany has decided to bump up the retirement age from 65 to 67 and the U.S. Social Security system is gradually raising the retirement age to 67 as well.
Unions were hoping to mobilize 2 million street protesters at more than 200 demonstrations throughout France on Tuesday, at a time when Sarkozy's approval ratings hover in the mid-30 percent range. A similar effort June 24 drew nearly 800,000 people.
Civil aviation authorities asked airlines to cancel a quarter of their flights at Paris' airports. Only two out of every five of France's famed high-speed trains are scheduled to run during the strike, which began Monday evening and ends Tuesday night.
Commuters in Paris packed into cars during the reduced service, and London buses were overflowing. City sidewalks were full of walkers and thousands of bikers took to the streets in both capitals.
Unions say the French government is attacking one of the country's most cherished social protections.
"If the government wants the next step to go well, it has to give a serious response to the proposals that we ourselves have made," said Francois Chereque, who heads the moderate CFDT union.
Chereque told the RTL station he wants Tuesday's protests to "restore hope" for citizens while putting pressure on the parliamentary debate.
Labor Minister Eric Woerth has said the government will press ahead with the retirement reforms no matter how strong the protest turnout is. Leftist political parties, a leading human rights group as well as student associations have urged members to join in.
The French SNCF rail network said that 80 percent of Thalys trains to Belgium and the Netherlands will not be affected, and Eurostar trains to Britain are expected to run normally.
Post offices were also hit by strikes, as well as newspapers and some radio stations.
French teachers joined in to protest the government's education policies. The Education Ministry said 30 percent of primary school teachers were staying home Tuesday. Some teachers walked off the job Monday.
The thousands of London maintenance workers, drivers and station staff who walked out say job cuts will hurt service and safety.
- Actor Clint Eastwood responds to critics over the Chrysler Super Bowl ad and all the controversy.
- Here’s a look at Westminster Kennel Club’s most successful breeds and how much they cost.
- When looking for that next career move, workers need to look at the differences between a start-up and a public firm.
- After enduring the recession, many Baby Boomers say money isn’t the most important thing they hope to leave to their kids.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear to accessories and fragrances.
- Attention, online shoppers. The days of tax-free online shopping may be coming to an end in many states.











