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Day of truth for Greece on Wednesday. While Athens is on strike yesterday, members are asked to vote for or not an austerity plan for four years. The vote will be followed by a second vote tomorrow on the law enforcement.
The President of the European Union, Herman Van Rompuy, warned Tuesday that the next few hours would be "decisive" for Greece, the euro area and the global economy.
Since yesterday, the U.S. and Asian markets seem optimistic about the outcome of the vote in spite of renewed clashes on Wednesday between protesters and police Greek. Optimism is always de rigueur at the Paris Stock Exchange: the Cac 40 rose 1.32% to 3902.87 points.
As for other European exchanges, the FTSE-100 in London gained 1.01% to 5825.21 points and the Dax in Frankfurt was up 30% 1.23 to 7258.50 points.The FTSE MIB in Milan climbs from 1.60% to 19,765.46 points. The Italian luxury group Salvatore Ferragamo for his first day of trading, taking 8.89% to 9.80 euros in mid-session.
The first quarter growth revised down
On the macroeconomic front, INSEE revised down growth in the first quarter of France at 0.9% against 1% set in mid-May
For the euro area, the confidence index of entrepreneurs and consumers in June fell for the fourth consecutive month. The index fell to 105.1 points, down 0.4 points compared to May.
In the U.S., two indicators are on the agenda: the promise of sale of homes in June (16 hours) and the weekly inventory of crude oil (16.30).
On the corporate side, the banking sector is in good company in this context of optimism surrounding the Greek parliamentary vote.BNP Paribas takes 1.51% to 51.90 euros, Crédit Agricole rose 1.34% to 10.11 euros and Natixis advance of 0.90% to 3.34 euros. Yesterday, banks have earned an average of more than 2%.
Offshore wind: Areva alliance with Iberdrola
Societe Generale: 2.60% to 39.82 euros
The participation of private creditors to the new plan of financial support to Greece to be as fair as possible to increase the chances of success, said CEO of the bank, Frédéric Oudéa, the Senate Public TV.
Values cars respond well to the good performance of Japanese manufacturers on the stock market after the Japanese industrial production confirmed the rebound in April.Renault climbed 1.81% to 40.65 euros and Peugeot is up 1.61% to 30.95 euros.
EDF: 1.88% to 26.79 euros
The energy group confirms its investment in the LNG terminal in Dunkirk, along with Belgian Fluxys and Total.The cost will be borne by EDF to 65% (650 million), 25% Fluxys (250 million) and 10% by Total (100 million).
GDF Suez: 0.93% to 24.34 euros
The gas is in talks to take over the assets of the U.S. company Duke Energy in Latin America, according to the Brazilian business newspaper Valor Economico.
Areva: -0.40% to 25.20 euros
The nuclear group has confirmed that he would ally with the Spanish Iberdrola Renewables on two of the five areas of the tender for offshore wind launched by the state, confirming a report of Echoes.
Ipsos: 3.85% to 32.80 euros
The British advertising group Aegis said to be in exclusive talks with the institute of studies and surveys for the sale of its subsidiary Synovate market research.
Havas: 2.26% to 3.58 euros
In an interview with Echo, the executive director of the group will develop two commercial microarray in the world, one around his BETC teaches French and the other about Arnold, his agency based in Boston.
DS: 1.41% to 58.37 euros
The software developer, a subsidiary of Dassault, owner of the Figaro Group, combined with a subsidiary of American online retailer Amazon to offer a paperless commercial in "cloud computing" (technology that allows a company to dispense servers physically located in its premises), according to a spokesman for the group.
After the close of trading, EuropaCorp will release its results for the year 2010-2011.
Monitor prices and margins on agricultural products launched in September 2010 will make its findings on Monday. According quotidienLes Echos, the 250-page report, commissioned by the Ministry of Agriculture in collaboration with INSEE and Agrimer, the responsibility of leading retail chains in maintaining the sales price to consumers despite lower commodity prices.
Cherries five times more expensive
The experts, headed by Philippe Chalmin, an economics professor at the University of Paris Dauphine, studied agricultural production subject to the most serious crises in the last ten years such as milk, beef and pork, and fruits and vegetables. According to their findings the distribution has made such an important and constant gross margin of red meat even though the farmers of this category recorded the lowest incomes.
The situation is similar with regard to pork. In ten years from the final price going to farmers has increased from 45% in 2000 to 36% in 2010. At the same time, one devoted to retailers jumped 39% to 55%. The long-life milk, gross margin was doubled when the signs that producers declined. Distributors also apply high margins on fruits and vegetables. Cherry cherry has been charged five times more expensive to consumers that it was paid by the distributor. Only segment where margins have been reduced signs: the yoghurt.The report provides no explanation but Les Echos believe that the power companies such as Danone, which reach more to negotiate prices is one reason.
Annual Report
The report, which should help parliamentarians better navigate the debate between producers, manufacturers and distributors for years, however, said it is difficult to track the price of a product from production to exposure in the linear. Investigators also complain that the distributors did not provide all the necessary elements to determine the composition of the margins.Information they hope to meet next year, the Observatory should indeed provide an overview of the situation every year.
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The record turns Greek puzzles. In Brussels on Tuesday, finance ministers of the Eurogroup have once again gathered to discuss a new rescue plan, with the stumbling block of how to involve private creditors.
The coming days ahead crucial step after the meeting convened in emergency Tuesday night. The future plan for assistance must be discussed Monday during a Eurogroup long planned – this one – in the context of the EU summit on 23 and 24 JuneMeanwhile, Nicolas Sarkozy and Angela Merkel should also mention the issue in Berlin on Friday.
Crushed by the weight of a huge debt of 350 billion euros, Athens has already obtained a loan of 110 billion last year, and creditors are preparing to give a hand to the pocket extension could be around 90 billion euros, according to figures frequently mentioned.
Reactions conservative banks
"The German government is ready to take additional measures," said Tuesday the German finance minister, Wolfgang Schäuble, while holding that "of course" private sector participation was "an element" of any additional program.His Dutch counterpart, Jan Kees de Jager, for his part felt that the private sector should shoulder more than 30% of a new assistance plan.
But the European Commission, the ECB and France in particular, warn against any commitments forced march of banks and other pension funds, which could have a destabilizing effect on markets. "We are against the involvement other than a voluntary private creditors," was repeated before MEPs Mario Draghi, who should succeed Jean-Claude Trichet in November.
For its part, the Commissioner of Economic Affairs, Olli Rehn, has talked about the preparation of an "Agreement on the basis of the Vienna initiative, under which banks extend the term of their loans and do so voluntarily."For the Belgian Finance Minister Didier Reynders, "all sorts of authoritarian measures likely would include a risk for Portugal or Ireland, a risk for the euro area."
Several options are on the table. Berlin calls for an exchange of bonds, which would lengthen the debt maturity of seven years. The other track to the study is a continuation of voluntary debt maturities (rollover).
The ground is shifting, investors can quickly interpret a conscription as a step toward bankruptcy. As a warning, the rating agency Standard & Poor's downgraded three notches Monday note of Greece, to "CCC".
From the banking side, the reactions are currently cautious.The German Banking Federation Saturday approved the principle of private sector participation, without specifying the terms, while the governor of the Bank of France showed its confidence in the financial system driver (see below). French and German institutions are most at risk from international creditors.
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The World Health Organization has classified the mobile phones in the category of products whose use is "possibly carcinogenic". If their harmfulness is not formally demonstrated, scholars have already shown that heavy users appeared to have a greater risk of developing cancers in the head (brain, parotid gland, inner ear). It is therefore necessary to minimize, at least as a precaution, exposure. Lefigaro.fr present you some tracks.
Use the speakerphone or handsfree
The amount of air absorbed by the body decreases rapidly when leaving the phone (decrease proportional to the square of the distance separating the receiver from the transmitter). The use of loudspeaker used to limit its exposure. Similarly, hands free kits are very effective even if a very small waves propagate along the wire.
Bluetooth kits work them on the same frequency range as laptops (or Wi-Fi). But they emit more than 200 times less safe. From the moment the end user's team for that call, they are commendable. Otherwise, they can instead make things worse.
Limit conversations moving
The phones do not emit systematically with the same power. When you start a conversation when the phone connects with the relay antenna, it is more important example.
When you are moving (subway, car, train), your phone also emits more strongly to search for nearby antennas. And when you pick wrong, your phone tries to compensate by sending more powerful waves.In both cases, it is better to avoid spending long shots son.
Call from a fixed maximum
The best way to avoid exposure to wave the phone is still … not to use it. Behind this lies a profound truism commercial development: since December 2010, the major ISPs offer for very reasonable money, unlimited plans to laptops. We can call his friends without breaking the bank since its fixed.
Note that cordless phones and son (also known as DECT) operate on the same wavelength range but emit about ten times times less power.
Prioritize mails and SMS
Speak no more: write. In this way, you keep your laptop away from your ear and you limit the amount of waves it emits. The introduction of SMS packages and mails Unlimited makes this alternative economically viable.As for phones, they are more likely to have full keyboards that facilitate the writing of messages. Some users have already integrated this new way of communicating.
Do not keep your laptop close to you
Your phone emits at very short intervals to keep in touch with the network (or 3G telephony). Better to leave your laptop on your desktop in your pocket, in your living room on your bedside table. Most phones now have a function "airplane" that lets you disconnect your terminal from the network and benefit from other applications (alarm clock, games, etc.).
Buy a phone with a small SAR?
Cell phones all have a SAR (Specific Absorption Rate) which gives the amount of absorbed wave by human tissues for a maximum emission.Limited to 2 W / kg in Europe (1.6 W / kg in the U.S.), it is measured by the manufacturer itself has a legal obligation to mention it in the manual. Some websites will enumerate the values to allow comparisons. Critics point out that a DAS phone can be clamped to get a hint when he issues an average of more waves than cameras with a high SAR.
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In recent days, European health authorities are engaged in a real police investigation and a race against time to trace the trail of a new epidemic. Prime suspect: a bacterium Escherichia coli, accused of causing bloody diarrhea and kidney complications. Yesterday, Europe accounted for 1 000 patients in Germany, England, the Netherlands, Switzerland, Austria. In France, six suspects, three of which the Germans are under investigation. All had lived in Germany. Fifteen deaths are regrettable in Germany, one in Sweden.
Where is the health survey? Is this really the cucumber?
At first, the deadly bacteria was traced to imported Spanish cucumbers in Germany. But the German authorities admitted Tuesday that the latest tests showed that the vegetable was not the offending bacteria.
Only the stool of patients contain Escherichia coli enterohaemorrhagic (EHEC). The hypothesis of a contamination plant is however maintained. Tomatoes and salad greens are suspected. The question remains: the vegetables have been infected in Spain, Germany, during transport?
Next Monday, all European health ministers meet in Luxembourg for an update. Francois Grossetete MEP, said "the need to label products to determine their origin."
What is hemolytic uremic syndrome (HUS)?
HUS is a severe complication, sometimes fatal, infections of the digestive bacteria Escherichia coli enterohaemorrhagic (EHEC) types of E. coli that produce Shiga toxin. After 3-7 days of incubation, these infections are revealed by diarrhea, which may be bloody.Nine out of ten patients recover within ten days. HUS occurs in 10% of cases, linked to the spread of the toxin. It is characterized by acute renal failure, anemia and thrombocytopenia (low platelets). This complication is fatal in 3-5% of cases, a patient care on two renal sequelae. One hundred cases are reported each year in France, mainly in children under 15 years.
How to transmit these infections?
Cattle that are healthy carriers, are the main natural reservoir. Transmission to humans is most often through ingestion of undercooked beef (hamburgers, for example) or products containing raw milk Faxless payday loans. Water and other foods like vegetables contaminated by feces, can also be a source of infection. A direct human transmission is possible.Many serotypes of EHEC are identified, the most common is O157: H7.
What previous epidemics?
The first two outbreaks due to these producers shigatoxin coli were reported in 1982 in the United States. In total, about fifty people were infected with E. coli O157: H7 via hamburgers. In 1996, Scotland, over 500 people who were victims of the same serotype, also by eating beef. The largest epidemic was recorded in Japan in 1996. More than 9400 cases and 12 deaths had been identified, contaminated radish sprouts. In 2000, Canada, 2000 cases of infection were identified among the 4600 inhabitants of the town of Walkerton.In this area of intensive farming of cattle, the infection was transmitted by drinking water.
What precautions should I take?
In general, these bacteria are destroyed by heat, "two minutes at 70 degrees or 100 degrees a minute," says Professor Patrick Berche, microbiologist (Necker Hospital, Paris). Currently, there is, in his view, no reason not to eat raw vegetables. "The only precaution is to wash your hands before and after preparing raw vegetables, and wash vegetables and fruit, possibly with hot water," he insists.
What is special about the current epidemic?
The first is the serotype in question, O104. "It's fantastic, I have not had a case several years ago, said Professor Edouard Bingen (Hôpital Robert Debré, Paris), whose laboratory is associated with the National Reference Center for E.coli-Shigella. This serotype O104 has been the source of an epidemic in the United States in 1994. "It's odd to have a highly virulent strain and immediately resistant to powerful antibiotics such as cephalosporins," adds Dr Berche. Moreover, the current epidemic affects mostly women, while the hemolytic uremic syndrome usually involves children. A difference that, according to Professor Bingen, may be related to the origin of infection: the hamburger more often, raw vegetables in this case.
The director of Medicare does not hide its intention, revealing new figures on excess fees, weigh on the negotiations with private doctors, which should lead to early summer. "The system just drift since its inception 30 years ago, Frederick van Roekeghem regrets. We want to sound the alarm on the need to implement structural reforms. "
Overruns (these are requested beyond the "tariff Safely" legally by doctors of "Sector 2 but poorly repaid by certain complementary health) accounted last year for 2.5 billion euros, on a total of 20.9 billion euros in fees. A proportion is similar in style singled out by the Inspectorate of Social Affairs in 2004, which argued that while a "significant increase" during the previous decade.But behind this "apparent stability", says Fred van Roekeghem lies a greater concentration.
In 1990, 16% of physicians "family" could charge excess fees. Since then, the degree requirements were introduced which prevent virtually any plant of the generalist sector 2, and only 7% of workforce is concerned. The proportion of specialists in Area 2, with her stable for the past twenty years (41% in 2010). But if she fell for clinical specialties (pediatricians, dermatologists, gastroenterologists between 32% and 40%), it flies in the operating room: 34% against 28% for anesthesiologists, 85% against 73% for surgeons.And in all these areas, the sector will expand in the next two years as junior doctors settle overwhelmingly.
Physicians increasingly "greedy"
In addition, doctors applying overruns are becoming more "gourmet" on the amounts required: 54% of the "Safely rate, on average, against 25% in 1990. Note that Medicare confirms the intuition of the French Mutuality: 4.5% of public hospital doctors allowed to perform – for 20% of their working time to the maximum – a professional activity in area 2 practice overruns higher than their liberal counterparts "pure." Supplements such resources reach 81% in surgery, against 56% in the private sector, 80% against 48% in ENT, ophthalmology, or 96%, 60% cons.
Overtaking both more frequent and higher are concentrated in certain areas – with high purchasing power – like Paris and West of the Ile-de-France, Rhône, Alsace and the Coast d'Azur.
A problem of access to care
Nevertheless. "The phenomenon empire, says Frederick van Roekeghem. It poses a problem of access to care. " The boss of Medicare does not refute the argument of doctors (surgeons in particular): they are using the overruns is that the social security system pays too little certain acts, given their cost, their difficulty, duration, or the risk that affects the amount of insurance premiums. It's good to help doctors make more money without costing too much to Medicare that the sector 2 was created in 1980 by Raymond Barre.And it's not a coincidence that the least among specialists in Sector 2 are installed cardiologists (20%) and radiologists (13%), considered very good living by simply make rates Safely.
Frederick van Roekeghem says ready to act on the question to finally allow the entry into force of the solution advocated since 2004: the "optional sector. This would be for anesthesiologists, surgeons and obstetricians Area 2 volunteers to achieve at least 30% of their actions and costs Safely, do not charge for overruns over 50% on the rest of their activity, complementary health s 'committing their part to repay the money. "This discussion will reopen. I think it's the last time, "warns the director of Medicare.
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"Today, we can not take action without evaluating and communicating the results to the French. Otherwise they feel cheated, "said Liberal MP Claude Gloasguen. Photo credits: Jean-Christophe Marmara / Le Figaro
It was only called reform, but the mobilization of EDF employees in particular have been enough to reverse the direction of the electrician.
Monday, LEU (French Union of Electricians), which represents an area heavily dominated by EDF and GDF Suez announced that it would not implement tariff reform agents put on the negotiating table last February. But on April 7, to call their unions, employees of the electrician had made a real show of force: almost 60% of them went on strike on behalf of the acquis, mobilization much higher than that observed during movement on pensions fall, for example.
Monday LEU advanced cautiously that "reform conditions were not met."Exit, therefore, the development plan benefit enjoyed today 300,000 homes for active and retired officers of EDF and GDF. Currently, their bill is 5% or 10% of the price paid by the general public. The proposed reform would not cause the end of February to catch up with, but at least to change the tariff agent in parallel regular rates. Ultimately, according to projections, an EDF employee would have paid its electricity around 20% of the price charged to the individual lambda.
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In recent weeks, Archos, the group specializes in digital tablets midrange was quite surprised markets positively. Accustomed to receiving positive signals about the group's business, investors were more sensitive to the details surrounding this Tuesday announced the launch of a capital increase of nearly 26.5 million euros for largely to fund growth, but also to clean up the group's finances.
Croches Henry, the founder and manager does not Soucre
The reasons for the transaction are clear, namely the prepayment of a loan of 5 million euros in annual interest rate of 20% (due late 2013), and development in new countries.But the absence of any warranty is enough to frighten investors, while even Crohas, the founding director of the company, has announced his intention not to subscribe the capital increase, and let its shareholding in his company go from 16.31% to approximately 13%. "This is not the subject of a bank guarantee. Furthermore, no shareholder of the company has made a commitment underwriting, "said the statement issued last Tuesday morning by Archos.
To date, and except Crohas, Archos has no reference to its shareholder capital. None has more than 5% of the round. This may explain the lack of commitment from all minority shareholders, and therefore potentially less affected by the strategic aspect of the operation.Crohas, despite its non-subscription, also keeps his hand over 13% of the capital, which negates the potential for him to lose control of his group.
But the signal sent by an officer (who is the founder) market is still frowned upon by investors, who see there is a lack of confidence about future activity, is a sign of personal financial concerns from the leader in question. Result, the title Archos lost more than 12% at the Paris Bourse, to 7.54 euros. Contacted, and traveling abroad, Crohas could not elaborate on the reasons for his choice, which was not likely to reassure investors no fax payday loans.
A risky operation after soaring title
Because of this last cold spell during the Archos: the subscription price.Admittedly, the title has exploded in recent weeks (+87% since January 1), in the wake of the sales figures of the group. But the premium offered, approximately 26.5% over the closing price on April 15, should convince shareholders less than the 45% offered in December 2009, during the last capital increase (19.4 million euros ). Moreover, to 6.50 euros, the transaction turns now more risky for the potential subscriber, especially after such a rise in the stock. For example, last fundraiser in December 2009 was made at a price of 2.2 euros. The subscription commitments had now reached 75%.
The financial markets fear an obstacle to development
The operation seems to meet today many risk factors. No guarantee of success, and especially the obligation to reach 75% of amounts pledged."If the threshold of three-quarters was not reached, the transaction would be canceled," says besides Archos. This would mean a stop to its financial development, very detrimental to a growing market where latecomers are fast behind. A scenario that seem to fear the operators on Tuesday.
These should be particularly careful in the coming sessions in progress, then at the end of the operation. The subscription period which begins April 21, will run until May 4, inclusive, for a settlement of shares expected May 17 This fundraiser is with maintaining the preferential subscription rights, five old shares entitling to one new share. And if the capital increase met a strong membership, unlike that suggests the market reaction on Tuesday, its amount could then be increased to 30.42 million euros.
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The U.S. publishing rocked. In February, he sold more electronic books (e-books) in the U.S. as paperbacks, paperback books or children's books. According to the monthly report compiled by the Association of American Publisher (AAP), Association of American Publishers, the revenue generated by e-books reached $ 90.3 million over the period. So far the top-seller, the paperback had fallen below $ 85 million revenue in January. In February, they amounted to 81 million.
The total market for printed books in the U.S. declines. The adult books (pocket paperback) have declined from 34.4% in February to represent all $ 156.8 million in sales. Children's books fell from 16.1% to 58.5 million.In parallel, the electronic book grew by 202% between February 2010 and February 2011. A growth rate that promises a fast restructuring of the publishing market in the U.S., comparable to the transformation of the music market. Moreover, the results of the PAA reflects sales by only 16 publishers of digital books, publishers against 84 for the physical book.
Sales reached by parties
According to the Association of American Publishers, the strong growth in sales of digital books in February "is mainly due to a high level of sales of e-books after the holidays and downloading by consumers who received gift digital reading lights us fast cash. Another engine of growth: a renewed interest from consumers for backlist titles from the catalog."The February results show that people love books and publishers are actively trying to serve their readers everywhere. The public embraces the breadth and variety of reading choices that are available, "commented the CEO of the AAP, Tom Allen, in a statement.
These findings echo those announced by the online retailer Amazon Kindle reading lamp manufacturer, when publishing its annual results in late January. "Amazon.com now sells more books than Kindle paperbacks. Since the beginning of the year, for 100 bags sold by Amazon, the company sold 115 pounds Kindle, had indicated the company founded by Jeff Bezos. Meanwhile, sales of e-books were three times greater than sales of paperback books.This market should continue to grow with the arrival of new reading lights on the market, like a low-cost version of the Kindle, financed by advertising.
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