French Immigration Law through a European perspective. An analysis of Dissertation

French Immigration Law through a European perspective. An analysis of the right to free movement of EU Nationals in France - Dissertation Example European citizenship shall be conferred upon any person holding the nationality of a Member State and shall be known as citizens of the European Union however such citizenship shall be additional to and not intended to replace national citizenship. And, as EU citizens, they shall have the right to move and reside freely within the territory of the Member States; the right to vote and to stand as candidates in elections to the European Parliament and in municipal elections in their Member State of residence under the same conditions as nationals of that State; the right to enjoy the protection of the diplomatic and consular authorities of any Member State on the same conditions as the nationals of that State; and the right to petition the European Parliament, to apply to the European Ombudsman, and to address the institutions and advisory bodies of the Union in any of the Treaty languages and to obtain a reply in the same language. In consonance with the foregoing rights of the EU citizens, European Parliament and Council Directive 2004/38/EC of 29 April 2004 was issued to govern the right of citizens of the Union and their family members to move and reside freely within the territory of the Member States. It is the tasked of this dissertation to determine whether the freedom of movement and residence of EU citizens within the Member States is absolute by presenting the national immigration policies of a Member State which for this purpose shall be France. This dissertation shall endeavor to resolve whether the EU laws and directives on the free movement and residence are mandatory in character and in cases of transgressions, the EU has the power and authority to mete penalties or sanctions against the erring Member States. The French government restructured its immigration system by virtue of Act No. 2006-911 of 24 July 2006, otherwise known as the Immigration and Integration Law 2006. The newly enacted law implements a more stringent immigration policy against illegal migrants including EU citizens belonging to the Roma community. At the forefront is France’s systematic campaign against the Roma community by dismantling its camps and deporting them en masse for real or imagined violations. And worse, the expulsions were implemented without compliance to substantive and procedural due process. The Amnesty International (AI) and the United Nation Commission on Human Rights (UNCHR) have publicly denounced the discriminatory and racial misconduct against them by the French government. Instead of heeding the appeal of the international bodies, France justified its extreme action of the deporting

Financial Risk ManagementOption Trading Essay Example | Topics and Well Written Essays - 1500 words

Financial Risk ManagementOption Trading - Essay Example Commodity risk arises from the potential movement in the underlying commodity and as such includes energy products as commodity. (Jorion, 2007). The speculative trading in options by CAO indicate that the company was betting too much on speculations about the movement in the prices of the oil in international market which however, did not happened positively all the time and company plunged into troubles. Historically, it has been observed that the energy products are relatively more volatile as compared to other commodities and as such unorganized speculative activity in such products definitely result into losses for the firms. Credit Risk is another important aspect of overall risk management and firms have to relatively take care of the fact that credit worthiness of the parties with whom they are trading is good. Credit rating therefore plays a critical role in defining the future relationship of the counter parties to any transaction. The major role of credit ratings and credit rating agencies is therefore of providing an independent opinion based on certain specific criteria.(Servigny & Renault, 2004). The analysis of the given facts will indicate that the firm attempted to involve itself in trade with companies whose credit worthiness was not good in the market. By trading on their behalf, CAO actually attempted to acquire the credit of risk of those companies whose overall credit risk was relatively higher as compared to other companies. CAO entered on behalf of the airlines by offering identical contract terms to counter parties and in return of premium waiver of those air lines, CAO basically assumed the credit risk of all such airlines. The involvement of back to back transactions itself indicated that the CAO was more than willing to assume the credit risk of these airlines however, with more volatile increase in the oil prices, the overall net exposure of CAO