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Monday, a subsidiary of GDF was again surprised by a decision which comes just two years after the government's decision to extend by ten years the three reactors mentioned above. Extension in exchange for which GDF Suez has to pay 245 million euros a year, a tax that Brussels wants to climb to one billion euros. Ironically, ten days ago, GDF Suez had threatened to shut down in advance the three reactors in protest against the increase No teletrak payday loan.
Facing the new situation, Electranel also said it will consider "the possibility of redirecting investments it plans to extend to these plants, or nearly one billion euros to guarantee the future security supply its customers. ".
International ambitions
The quality of its nuclear tool in Belgium allowed GDF Suez to establish its claims internationally.
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Febrile atmosphere around Dexia announced the dismantling of which is to organize. On Thursday afternoon, the rating on the stock exchange was suspended at the request of the Belgian regulator: the action was losing more than 17% amid rumors that many French-Belgian bank was forced each time to confirm or to reverse. It will again be listed on Monday.
Dexia has confirmed to be entered into exclusive negotiations "with a group of international investors that the government of Luxembourg will attend" to sell its subsidiary private bank, the BIL (Banque Internationale à Luxembourg). This discussion has actually been mainly engaged with the sovereign fund of Qatar, several sources indicate.The Luxembourg Finance Minister, Luc Frieden, for his part, justified the participation of the Grand Duchy as a "minority shareholder" in the name of "systemic" to his country of BIL's 12 billion euros of deposits and forty traditional bank branches.
The first assignment could be raised on Saturday by the Board of Directors of Dexia, intended, according to a close case, to "calibrate the overall strategy of the division of Dexia."
This strategy is already known in outline. This is to sell every major business or large branch. Dexia will gradually emptied of its substance and its assets down to the most difficult to sell, mainly the bond portfolio of 95 billion euros and a life of thirteen years.The State guarantee French and Belgian finance Dexia and ultimately apply to "cantonment" low interest rate personal loans.
On this basis, negotiations, under pressure from the markets and financial authorities who fear a confusion between the case of Dexia and the rest of the European banking sector are extremely complex: in addition to buyers interested in a particular asset, discussion involving the management of Dexia, its shareholders and the Belgian side the French side, and the states.
Mutual distrust
However, the pattern holds only insofar as the current shareholders of Dexia are collectively responsible. The centrifugal forces exerted, especially in Belgium, must be curbed. Thursday, pushing the Belgian regions, according to local press, a scheme of demerger of the retail DBB (Dexia Bank Belgium).
Seen from France, the idea goes wrong, since the ultimate goal of the operation is that the sale of assets – DBB is a price – reported enough money to build the hive and absorb as much as possible losses that would otherwise eventually be collected by the states.
The mistrust is mutual. On the Belgian side, Prime Minister Yves Leterme has hammered yesterday that his country did not intend to be alone with Dexia on the arms. "We must continue to fund all the past, and we will not do it alone," said the Finance Minister Didier Reynders. On this side of the border, negotiations continue on the transfer of the portfolio and lending activities to local authorities in the Deposit and La Banque Postale.
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Tomorrow is the big day Monday for "Total Access". The new brand of the oil company, which will provide service stations with low prices, will make his first steps at Rocquencourt near Paris Gennevilliers and in the Hauts-de-Seine. The two prototypes will offer, according to the Journal du Dimanche, prices aligned with retail, or about 1 instant credit reports.46 euro a liter of unleaded and 1.38 euro per liter of diesel.
An artist's view of future gas stations cheap Total Access. (CD Total)
The "outstanding contribution to the very high income" will not remain as is. Originally the government planned to implement from 2012 a new levy of 3% of the income exceeding EUR 500,000 per year and revenue per unit. It is this threshold in the draft budget law presented Wednesday. But Sunday, the budget minister, Valérie Pécresse, said she was open to a compromise with legislators, who for several weeks argue for a lower threshold.
In fact, the government is prepared to accept that the tax is triggered from 250,000 euros per unit. The level advocated by the current UMP Presidents of the Assembly and Senate, Bernard Accoyer and Gérard Larcher. "This is a good level of understanding," they say in the entourage of Gilles Carrez, the rapporteur UMP budget to the Assembly. The draft budget law will be amended in October this.And review, the tax will yield € 300 million to the state, instead of 200 million. It will affect 15,000 to 20,000 homes in 5000 to 10,000 against the original.
Specifically, if the amendment passes, the contribution will trip from 250,000 euros in annual revenue for a single and EUR 500 000 for a couple. For now, it is expected that having a child or children shall not be entitled to any share in the calculation of the contribution.
Regular income concerned
Another difference with the Income Tax (IR): the contribution of 3% apply to "income tax reference." This "reference taxable income" includes wages, but also dividends, interest, capital gains and estate securities short, capital income. "This makes the contribution on very high incomes more effective than the creation of an additional 45% of IR.Indeed, the IR is such that capital income would escape taxation at 45% and would remain taxed at 19%, "said Gilles Carrez.
The government hoped that only households with high incomes are regularly taxed. This is to prevent a dealer who sells one year his business pays the contribution. For this, the income taken into account for the outbreak of the tax will be calculated as an average over three years. This will be discussed, Gilles Carrez wanting only the capital gains are smoothed over three years. The contribution should go out when the deficit below 3% rise in GDP, that is to say in 2014. But many outstanding taxes have been made permanent …
From our special correspondent in Wroclaw.
The Europeans hoped "a dialogue between friends," the Americans had "no arrogance." Las. With the destabilization of markets and growing concern on both sides of the Atlantic, the U.S. Treasury Secretary, Tim Geithner, could not resist lecturing his seventeen counterparts in the euro area gathered Friday to Wroclaw (Poland).
The relief provided by five central banks – including the U.S. Fed – banks in the euro area will not long concealed the absence of concerted policy response to the crisis. On behalf of the Europeans, the President of the Eurogroup Jean-Claude Juncker declined projects Tim Geithner, citing "differences in approach with our American colleagues."Treasury Secretary, he has put his finger where the euro hurts: he publicly expressed concern "of the conflict between governments and the European Central Bank," a week after the sensational resignation of the Chief Economist of the ECB .
Barack Obama's America, soon launched a presidential campaign, fearing a collapse of Greece, a contagion to European banks and a possible fracture of the euro area. If the crisis deepens, it is the U.S. economy would suffer the backlash, shock reverse of that which had hit Europe after the collapse of Lehman Brothers in 2008.
The first message in Washing-ton is to push the Europeans to speak with one voice and act decisively. "Governments and the Central Bank should work together (…) to avoid catastrophic risks for financial markets," said Treasury Secretary.And he insists, denouncing the cacophony that destabilizes the common currency: "Everyone should also abstain from loose talk about the end of the euro area." Targeted: the proponents of expulsion from Greece …
Denial of a tax on financial transactions
The unprecedented invitation launched by Poland – host country because currently presiding the EU – Timothy Geithner had anything to embarrass, in turmoil, the finance ministers of the euro. We saw Baroin host the head of U.S. Treasury of a strong handshake in Wroclaw. But the Euro has carefully kept at a distance. He has not formally participated in the circle, but a "preliminary conversation" about an hour. Contrary to custom, he did not sent to journalists.To tell his truths to Europe, he preferred an audience of bankers in another part of town.
Some did not take gloves to say that Europe has no lessons to learn. The United States, collapsing under the deficits should put their own house, says the Belgian Didier Reynders. "America has nothing to dictate when the person refuses flatly our suggestions," added the Austrian Maria Fekter. It is true that Tim Geithner repeated Friday his opposition front to the tax on financial transactions carried to Paris, Berlin and Brussels.
Decisions deferred
For the second time in eight days, Treasury Secretary left Europe empty-handed. Friday, the Europeans have made a face at her suggestion to "leverage" means the EFSF, the bailout fund for countries of the euro in difficulty."This is not a subject that is discussed with a country outside the EU," Jean-Claude Juncker meant. Same end of inadmissibility of the American idea of supporting the growth of public funds "even a donkey does not stumble twice on the same stone, 'says Didier Reynders, convinced of the urgency to fight first against the deficits.
For the Americans as to Europeans, the European event in Wroclaw ends with a disturbing sense of incompleteness, even for emergencies. The Eurogroup has pushed to mid-October a decision on payment of 8 billion euros to Greece. He did not reach an agreement on guarantees that Finland requires Greece.
Washington.
A symbol. Barack Obama has surrounded himself Monday police, firefighters, construction workers and teachers whose jobs are threatened by future budget cuts planned by local authorities. During a speech in the Rose Garden of the White House, the president wanted to highlight those businesses that affect the American electorate to sing the praises of his new stimulus plan announced $ 447 billion last week.
"This plan will help our economy in times of crisis … The Congress must immediately pass the American people can not afford to wait fourteen months before we do something," said Barack Obama referring implicitly to the date of the next presidential election in November 2012.The "American Jobs Act" – the name of law – must be voted without the "little games" or "party politics," warned the president that does not want to relive the psychodrama of the summer, with negotiations on raising the ceiling debt.
The Head of State argues that thousands of jobs in public services will be saved if its plan is quickly passed. It provides for $ 130 billion transfer of funds to states to avoid redundancies of civil servants, restoring schools and launch infrastructure projects. The main component of the plan is, however, on $ 175 billion relief of charges paid by employees.Small businesses will also benefit from 65 billion to reduce charges to encourage them to hire.
Still refusing to go into details, the White House maintains that the financing plan will be covered by savings elsewhere, or additional revenue. We should know more on Sept. 19, when the president will submit proposals to the bipartisan Congressional commission tasked with identifying 1.5 trillion dollars in budget savings over ten years. The Director of Budget at the White House, Jack Lew said the President would propose 467 billion in savings.
"It is likely that there is an agreement"
Analysts do not believe that the White House manages to be adopted by all the parliamentarians of the recovery plan proposed. But a compromise seems to be emerging.In particular, the Republicans are seduced by the proposed reduction in charges paid by workers and small businesses. "In my view, it is likely that there is an agreement. The key measure will be tax cuts for small businesses … that we will bring the total plan of around 250 billion dollars, "judge Greg Valliere, chief of the Strategic Policy Advisor to the Potomac Research Group.
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By opening 369 new tourist residences furnished this winter, Pierre & Vacances Avoriaz ever growing, the station founded in 1967 by its President Gerard Bremond. The group, which already operates a large proportion of accommodation in place, there were 925 apartments last winter in the resort. In one season, thus increasing its capacity by almost 40%! "The work was so important that the station was closed this summer!" Said Gerard Bremond. Closed? Not quite … From April to September, Pierre & Vacances has sold any stay in Avoriaz, but the owners of apartments in the resort have obviously been able to come.
The new residences will be paying trademarks of Pierre & Vacances Maeva Pierre & Vacances but Pierre & Vacances, offers the most upscale of the group that he arrived in Avoriaz.Count for 3 rooms (6 persons), from 1760 euros per week in December, February and March. Residences Pierre & Vacances offer spa, day care, bar lounge and larger apartments are equipped with home video and Nespresso coffee machine.
"There are 15 apartments for sale"
The ambitious expansion program of Pierre & Vacances Avoriaz to be completed next year: 104 new appartrements Pierre & Vacances will open in 2013 and a "Aquariaz", an area water park (with wave pool, slides, tree water ….) will be inaugurated next summer. In total, these studies represent an unprecedented investment of 200 million euros. But true to its strategy, Pierre & Vacances will do a small part (the Aquariaz a $ 12 million). The tourism group has in fact sold to private investors plan all new apartments."There are 15 apartments for sale", says Gerard Bremond.
The spirit of the resort, it remains the same. In Avoriaz, there is no car, we walk, especially ski or horse-drawn carriage (there are 100 horses). The clientele is international and 40%, led the largest group of foreigners, the English and Dutch.
Site managers have the smile of memory. While attendance at places recalling the two world wars is rising, the events will be even more gratifying. In 2014 will indeed be celebrating the centenary of the beginning of the First World War. A great event that is expected to attract many visitors, French and foreign.
A study Trump France on the economic weight of this sector, 56% of managers has provided for very short-term investments to enlarge the reception area, improve the scenery of the place, upgrading showrooms or implement new services such as mobile applications.At the Douaumont ossuary, in Lorraine, where a cemetery pays tribute to fallen victims of the Battle of Verdun, the projects are already defined: "We expect the complete renovation of the monument which will be subsidized by the state, region and department. New exhibits will also be installed, "said one official.
The Museum of the Great War in Peronne, efforts will focus on the renovation media: "we will launch the iPhone and Android affecting up to visitors. They will be more useful in 2014 when more people will be equipped smartphones, "said Karine Loison, Cultural Attaché of the museum. "These are important tools to enhance exhibitions, highlighting items that we keep in reserve, which allows video recording, interactive courses for children," she adds.Other changes to the program, including signage and the replacement of audio-guides "a little tired," will be detailed to the public on the museum site in September. "We must prepare for this year 2014 will be very important," said Karine Loison.
"Hang the young"
More massive investments will even give rise to new infrastructure. Among the flagship projects include the opening and in the country of Meaux (Seine-et-Marne) Museum of the Great War of 7000 square meters, which will use the latest technology no teletrek payday advance. It was inaugurated on 11 November. "It's both a museum of history and society, to help understand the contemporary world," said the mayor of Meaux, Jean-Francois Cope, at the First Assembly of remembrance tourism held in Senate in May
"It should also be noted that France has the remains important in its territory that must develop, enhance," says Joseph Zimet, deputy director of the memory of the heritage and archives of the Ministry of Defence, which states that scarcity of witnesses is also one of the reasons why managers to invest to preserve the memory of these places. The longer term objective is clear: "hang the younger generation" a duty to remember. "The 100th anniversary will take place in the heart of the miracle of peace in Europe, to be put forward," said Daniel Percheron, President of the Regional Council of Nord / Pas-de-Calais, which emphasizes "the universal dimension" of the event.
Meanwhile, the management of memory and heritage archives of the Ministry of Defence hopes to establish a tourism observatory memory and perpetuate the appointment of foundation organized around its players. The next will be held in Lille in 2013.
SEE:
"The site interdepartmental www.cheminsdememoire.gouv.fr, which lists all the important memorial sites in France.
"The video presentation produced by the Ministry of Defence and projected opening of the Assembly of Tourism Memory:
On the paths of Memory: MEMORY FOUNDATIONS OF TOURISM davbon99 from on Vimeo.
Shortly before the opening on Tuesday on Wall Street index futures Standard & Poor's 500 and Nasdaq 100, respectively, yielded 0.74% to 1199.20 points and 2207.50 points to 0.56%. The Dow Jones was waiting for his part, down 0.59% at 11,449 points.
After the flight of the day, the New York Stock Exchange and could catch his breath at the opening on Tuesday. Profit taking, mixed with caution always appreciated by investors, seem to encourage U.S. stock markets to begin the session backwards. Even if the words, held last Friday by the Federal Reserve Chairman Ben Bernanke reassured, prompting indexes rebounded strongly yesterday, investors remain worried.As recalled in a note Tuesday that Jean-Michel Six, chief Europe economist for Standard & Poor's, a "recession" double-dip "is preventable, but the risk increases."
Real Estate and Consumer Menu
Investors monitor more than ever the various macroeconomic indicators of the week free credit report and score. Both are on the agenda for this Tuesday: the Case-Shiller real estate index of house prices for June, from 15.00. Then will come at 16:00, the numbers of consumer confidence for August.
The minutes of the Federal Reserve (Fed) minutes of the last meeting of 9 August, the Monetary Policy Committee (FOMC) of the U.S. central bank will also be observed under the microscope, after market close, at 20:00 Paris time .
On the corporate side, no major publication on Tuesday.Bank of America on Monday launched a new large-scale operation to strengthen its capital by selling about half its stake in China Construction Bank, which allows him to approach the future requirements of rules known as "Basel III". The bank will retain 5% stake in the establishment of China (BCC) after this transaction, which must be completed by the end of September. The sale includes 13.1 million shares of the CCB to a group of investors.
American billionaire Warren Buffett wants his share of sacrifice to help America reduce its budget deficit. In an article published in The New York Times, the head of Berkshire Hathaway investment fund called on parliamentarians to raise taxes on Americans with annual incomes exceed a million dollars, and even more taxing those who earn more than ten million dollars per year.
He said it does not hurt to use or for investment, while helping to clean up the country's finances. "Our leaders have called for shared sacrifice, he writes. But when they did ask, they spared me. I checked with my friends to see which mégariches sacrifices they expected payday loans in 1 hour.Them either were not affected. "Warren Buffett has led his small survey: last year's tax rate accounted for 17.4% of its taxable income, while that of 20 workers in his office was between 33% and 41%.
"While the poor and middle class fighting for us in Afghanistan, and while many Americans are struggling to make ends meet, we, the mégariches, continue to benefit from special tax exemptions," says the American billionaire.
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