Tension rose a notch on Friday between the executive and the unions, less than two weeks of mobilization against the pension reform on September 7. "We have entered a power carried by the government," critic Jacques Voisin, chairman of the CFTC. "We will have no lights before the Assembly debate, agrees Marcel Grignard, number two of the CFDT. The government does not want to give grist to the mill workers before mobilization. "The Elysee confirmed:" We will not reveal anything because the unions would benefit from our proposals to demolish in order to mobilize more. "
Eric Woerth's proposal to hold further discussions before considering the text on Sept. 7 failed to calm the ardor of unions to fight. "The minister's letter has also stiffened relations", says Jacques Voisin.The CGT will not lend itself to exchanges which are lip service to the thesis of social dialogue is still alive, so that no real negotiation is still the order of the day ", said Thursday its secretary General, Bernard Thibault.
For him, it will be to decide on the streets: "We're heading for a big day, perhaps even unique, and I can not imagine it will not affect the head of state," he said on RTL radio Friday. The boss of the CGT also judge Nicolas Sarkozy "much more feverish" at this time. In his eyes, his decision not to restrict the device housing assistance for students shows. "This is the topic that would put the students in the street," says a spokesman of the majority. "It's a sign, says Alain Olive, secretary general of the UNSA.Nicolas Sarkozy must remember that this is not the unions that have obtained the withdrawal of the controversial First Employment Contract in 2006, but the presence in the processions of schoolchildren and students. He is wary of a mass effect from them. "
"All the shots are allowed"
Alain Olive, too, considers that "the Elysee concessions are available to show that the president is listening, but only at the margin, on the issues left open (career long, arduous and polypensionnés) before summer . "The Head of State realizes that there are inequalities in policy and that the sum of these injustices becomes problematic," adds Marcel Grignard. Forgery, replica near the Head of State: "Nicolas Sarkozy is serene.He is less worried about the outcome of the reform for the good economic indicators released in recent days show that cuts to the budgets of state and social will be less painful than he thought. But he was more afraid of the reaction of the French on the issue of expenditure on pensions. "Even at the Elysee opinion:" We expect a large-scale mobilization, so it is unlikely that changes our text if so. "
Jean-Claude Mailly, general secretary of FOR, raises the bar "more than two million protesters. Either a higher level than at the last day of mobilization on June 24 "People will have something else in mind that the pension reform, warns Jacques Voisin: laborious recovery, employment, discipline …" But also the case Woerth-Bettencourt."Everyone knows that the reform will be polluted by his supposed status in question," Bernard Thibault launched yesterday, when he had thus far refrained from comment. A little phrase that has infuriated the Head of State, who "has now concluded that all shots are allowed," slips one of his relatives.
ALSO READ:
"Pensions: the Senate attempted by the German example
Fiercely negotiated three days in Toronto, the draft statement of the G20 should offend anyone. If it includes the rigorous growth strategy, it also warns against excessive austerity. Still as unpopular worldwide, the tax credit is mentioned by the G20 as a means available to states to pass through to the banks of the crisis mess. The 28 pages of draft final declaration, which obtained a copy of Figaro, operate a subtle synthesis between European and American positions.
Angela Merkel can boast of having imposed the virtues of fiscal discipline at the highest level. But to the relief of Barack Obama and Nicolas Sarkozy, she has not transformed the G20 summit of austerity."Recent events show the importance of sustainable public finances and the need for our countries to implement measures to consolidate budget spread over time, conducive to growth, and differentiated according to country and national circumstances," says the One of the phrases most discussed compromise.
Determined to make growth "priority" of the G20, the United States got to place the term "recovery" prominently in the declaration, a challenge, says a trader. "We need to let it work through our plans to consolidate fiscal stimulus recovery," said the G20 as well. "Adjustments in simultaneous biggest countries could undermine the recovery," it added.
Disagreement over the top on bank charges
Canada has not really managed to impose a stability pact worldwide."Advanced economies have pledged to take measures to consolidate budgetary decline by at least half the deficit by 2013, and stabilize or reduce the debt / GDP ratio by 2016, said the G20. Nothing that does very afraid of the euro area, or even France, which has promised to reduce its deficit to 3% in 2013. The White House, meanwhile, did not wait for the G20 to commit to reducing the U.S. budget deficit by half in 2013 to return to deficits of 3% in 2015.
If the disagreement at the summit endorsed the tax credit, due to strong opposition from Canada to Australia, but also emerging countries (China, India, Russia), the G20 mention the tax as an option for countries seeking to save public money in any future banking crisis.Defended by the IMF, the tax would be adjusted to take the risk profile of financial institutions.
ALSO READ: "G20: disagreements about bank charges" Deficit reduction in the heart of the G20 "G20: Sarkozy is located in the Obama camp
The purchasing power has registered a decline of 0.1%.
In the U.S., the third estimate of GDP is known to 14:30.
Banks up
As for values, Credit Agricole (-1.7%) Societe Generale (1.4%) BNP Paribas (+1.1%) and Axa (1.32%) appear at the top of the charts of best performance of the CAC 40, behind Vivendu which grimpede 1.7% to 17.5 euros.
In contrast, the values cars are worth, including Peugeot plir 0.67%, Renault, 0.36%, 0.6% Michelin. Construction is bad too, with Lafarge (-0.96%), largest decline, and Saint-Gobain (-0.25%).
Latecoère: 2.56% to 6 euros According to Le Figaro, the aerospace supplier will propose to its shareholders on Friday, meeting in General Assembly, the free allocation of share purchase warrants (BSA) in 2012.
The EDF Group postponed its decision to invest in an LNG terminal in Dunkirk (Northern), said Thursday a spokesman for the group. This terminal was supposed to compensate for some job losses related to the closure of the refinery from Total.
Computer Services sector companies might respond to better than expected quarterly results announced Thursday evening by Accenture. The Group's net profit stood at 564 million dollars (457 million euros), or $ 0.73 per share against 537 million ($ 0.68 per share) a year ago and $ 0.69 expected by Wall Street.
Alstom: -0.5% to 38.3 euros French industrial group on Thursday launched a U.S. production plant turbines, especially for nuclear power generation, for which he has invested about $ 300 million, according to a statement.
This will ultimately alone as General Motors, the American auto giant, will assume the restructuring of its German subsidiary Opel. The German manufacturer has indeed withdrawn all applications for public aid claimed to European countries where it operates.
General Motors has "decided to resolve funding issues internally," the group said in a statement after the plea of inadmissibility raised by Berlin to its requests for government guarantees.
"The process is much more complex and much longer than expected," justified the manufacturer, which hopes to "implement quickly (his) plan."
In fact, the German manufacturer is found almost in the situation in November 2008, just before it calls the first time the German government to help paydayloans."General Motors is making a profit and has the capacity" to restructure its subsidiary, has reaffirmed the German Minister of Economy, Rainer Brüderl, who feels "comforted in (its) decision" not to help Opel.
Opel employs approximately 25,000 employees in Germany and it is expected 3,900 job cuts.
So far, Opel refused to consider funding 100% of restructuring by its parent, noting that it had recovered by the U.S. taxpayers' money, she could spend outside the U.S. USA.
"General Motors has demonstrated clear and put an end to speculation and uncertainty for employees," said the chairman of Opel's works council, Klaus Franz, said in a statement.
The new head of British diplomacy began Sunday evening in Paris on a tour that continues this week in Rome, Berlin and Warsaw. He gave his first interview with Le Figaro in the European press.
LE FIGARO. Largely eurosceptic Conservative Party, to which you belong, has concluded a coalition agreement with the Liberal Democrats, favor, they, to a rapprochement with the EU. What will your European policy?
William HAGUE. This is good news for the EU that we have heard over five years with our coalition partners. This was not the tradition in Britain to have a fixed maturity term of office. The next general elections will be held in May 2015. For our European partners in particular, that political stability should be a good omen.With the Liberal Democrats, it was not difficult to determine what our European policy: this is further good news for the EU, because we will be predictable. The course is set for the next five years: we intend to be extremely active in European affairs so that the EU can collectively weigh in the world. We will also be very active to help European economies to recover growth, create new jobs and new businesses. We'll be tough negotiators, but is not that we should expect from any government?
The economic crisis, financial, monetary and across Europe requires its members to further cooperation. How far will you go on the path of solidarity?
We do not belong to the euro area and we do not rejoin, as stipulated in the coalition agreement.Neither partner will do the same proposal, as long as this agreement. But as David Cameron has said a euro zone healthy is in our interest. We do not want to be part but we hope it contributes to the financial stability of Europe. It is very important to us. Regarding the financial support that Britain could make to the euro area, our position coincides with that of the government of Gordon Brown. Our country faces the heaviest budget deficit in history (aside from the period of world wars) and the priority task is to reduce the deficit to a level where it can be controlled.We are not able to provide other financial guarantees.
So you exclude from participation in a support fund for countries of the euro area in trouble?
The government that preceded us had agreed to participate in one of these funds a few weeks ago. We will assume our responsibilities in fulfilling this agreement. But we will not be dragged further into the euro area. This is not what the British want from their government. It will not offer more than what has already been proposed.
Do you negotiate opt-outs with the EU?
We will discuss with our partners in government. As indicated in the coalition agreement, we want to limit the application of the directive on working time, which we consider too restrictive in Great Britain.We also wish to pass a law requiring a referendum if a future government would go further transfers of sovereignty to the EU. There was a lot of institutional changes in Europe and debate. We must now ensure that the institutions function, can improve economic performance, extending the single market and cooperation in foreign policy. Let us focus on concrete achievements rather than engaging in a new institutional debate.
A bounce or a deepening of the crisis could lead to more regulation. How would you react?
We certainly need to improve how we regulate the banking and financial services. But further regulate the labor market and the business would be in the wrong direction. This is the traditional view of the British.The crisis has again highlighted. We say: Great Britain is open for business. Our next budget in two weeks, will reaffirm the years to come. We hope that our European partners adopt a similar approach.
The EU's foreign policy is lacking, according to you, "determination and consistency." What will you offer?
The situation in Gaza shows that Europeans must contribute to the relaunching of a peace process. All solutions to ensure the delivery of aid to Gaza and trade require a form of international assistance and there is a role for the EU. European nations, when they speak together, can have a particular impact. That the Israeli government to decide whether to accept the fact-finding mission to which France and Great Britain are favorable.In a situation like this, we must unite our capabilities. It is also the case for Iran. We work closely with France to allow the adoption of new UN sanctions. We also want to discuss additional EU measures. Again, the Union can demonstrate its collective weight.
Are there still you think a "special relationship" between Britain and the United States?
Yes, this special relationship exists. I called the alliance indivisible. It is expressed through a wide range of cooperation (diplomatic, military, nuclear, intelligence, economics …). Great Britain and the United States is still the largest investor in the partner. But it is not for us to choose from competing in Europe or France. Both relations, transatlantic and European natural fit.
Afghanistan is a priority.Can you do better than the government of Gordon Brown?
We need a viable political process at the same time that military progress in the field. Of course, it's difficult, but we must remain faithful friends. We will remain strongly committed to Afghanistan. The worst would be to leave an uncertainty reflected in our action. This would only strengthen those who do not want a future of peace. The question is not whether we will continue to make our contribution but how we will.
With France, cooperation in defense looks promising?
We already talked with our counterparts in French when we were in opposition. It is still too early to make announcements: the review of our strategic policy and defense completed in the fall. But we are very open to new ideas and a closer cooperation.David Cameron and Nicolas Sarkozy have already established between them a great working atmosphere. We have many things to do together to ensure the growth of our economies, develop civil nuclear power or act in the field of immigration. The fact that the Prime Minister and I have chosen to perform in France our first bilateral visit abroad shows the enormous importance that we attach to these relationships.
ALSO READ:
"Cameron's first trip to Paris
"The Eurosceptic Cameron Will he attempt by Europe?
"Paris-London: the puzzle of a common defense
"Paris ready to accommodate a Eurosceptic London
For the first time, the United States, Americans will have a smart card (smart card to the French) and "accepted in the world. It Gemalto.
A contract which seems small in relation to the size of the division payment at Gemalto.But "this announcement is very important symbolically," noted analysts at Natixis, surprised that the stock price does not react.
For the group at 1.65 billion euros in turnover in 2009 made his first steps on American soil that could well decide to finally initiate the transition from magnetic stripe cards – which are the subject of a high fraud rates – to smart cards adopting EMV (Europay, MasterCard, Visa) to pay around the world and securely.
For the strategists of Natixis, the bank card market with a microprocessor in the United States has "a potential 1.5 billion cards.
ALSO READ:
"Gemalto will pay the first dividend in its history
"Gemalto offers the champion of security on the mobiles
In 2009, employees have spent 86 minutes per day on average over the internet from their workplace. Which only one third as a professional, according to a study by Olf?o. What exonerate employees who like to stroll on the net between two ranges of work?
If Internet use for personal purposes is generally not favored by business, it is at least tolerated. In part because an outright ban on surfing the web to check emails, read a newspaper article or listening to music is technically very difficult to implement. Many companies, however, that filter or prohibit certain sites via their charter. The aim was primarily to cover, to prevent the actions of their virtual employees, which always involve the responsibility of the enterprise, are the source of sentences.One way to avoid as they saturate the bandwidth and not impair the productivity of their colleagues ….
Use "reasonable" is required
But if it is allowed to surf the web for personal purposes, such use must remain "reasonable," said the Labour Code. A character that the court weighs in case of dispute. Sending 156 emails two months personal example has been considered by the employer as grounds for dismissal of an employee for "misuse of the Internet on the workplace. A decision upheld by the tribunal.
While remaining within the limits of reasonable use of the Net, "the employer has any right way to look at any mail or file created by its employees unless they are explicitly" personal, "said Ahmed Baladi , a lawyer at Allen & Overy.A concept which is a priori assimilated external mailboxes (Type gmail, yahoo or orange …). The principle of respect for private life remains applicable to the workplace, the only requirement for the employee to make clear what he wants to meet her privacy. Not always obvious to all of his mail regularly titrate "STAFF".
On the occasion of a debate in Poland, before an audience of government officials and financiers, the Director General of the International Monetary Fund (IMF), Dominique Strauss-Kahn, once is not usually stigmatized the effects of crisis on the cohesiveness of the euro area. Among them, weak institutions with regard to non-compliance with the Stability Pact by the European countries.
"The stability pact is a pact that states must respect and when they have not done what has happened? Nothing, "said former Finance Minister. He added: "The truth is that this crisis shows that when the weather is clement, the existing institutions work well enough. But when a storm occurs, such as the global financial crisis, the weaknesses of these institutions is clear. "
The story of "carrots and big sticks"
To ensure greater coordination of economic policies, Dominique Strauss-Kahn chooses metaphors. "If we really want that European policies are implemented, we have carrots and big sticks. If this does not work, says he. We never saw the stick that would really forced the states to do what they should do and to respect their commitments.
"The euro zone should do the housework" (former Latvian president)
Also present on the occasion of this debate, Vaira Vike-Freiberga, former President of Latvia, went even further cash advance no faxing. "I think the euro area has some cleaning to do at home. This is the priority. Everyone should have the same discipline.It seems that the sufficiency of which we have seen from the example of France and Germany, as regards the deficit, is also part of the problem.
Former Latvian President and deeply regrets that the member countries of the eurozone use the crisis to push the Greek expansion into Eastern Europe. "Straight talk: Member States of the euro area have not met their own rules. If they really respected the rules of the game, they would not be in the mess they are now, "she said. Latvia has set a target of 2014 to adopt the euro.Last year, gross domestic product in Latvia fell by 18%, the sharpest contraction recorded among the 27 members of the European Union.
Poland, for which the IMF p?rvu GDP growth of about 2.75% in 2010 and 3.25% in 2011, received one of the largest loan ever granted by the IMF, a line Credit called "modular" of 15.3 billion euros on which it can draw at any moment. Romania, where Dominique Strauss-Kahn has to go on Tuesday for his part received to date of 9.3 billion euro loan of 12.9 billion made in May 2009.
While leaders of the European Union meet in Brussels on Thursday and an extraordinary summit of Euro zone centered on Greece is explained, Portugal came unintentionally adding fuel to the fire uncertainties Helleno – European.
It was enough that the rating agency Fitch worse on Wednesday, the credit rating of Portugal's long-term "AA" to "AA-" for markets from Paris to Wall Street, a time switch in the red before to rebalance.
The CAC 40 eventually limit its losses, closing at equilibrium at 3950 points (-0.07%). He stumbled in the late morning, to -0.55%, and touched the lowest, the 3900 points, before rising over the afternoon.Towards 16h10, he lost more than 0.36% in 3938, 30 points in thin trading volume of 2.210 billion euros.
At the NYSE, disturbed by the creditworthiness of countries in the Eurozone, the Dow Jones lost 0.25% in session and the NASDAQ 0.51%.
The European markets are rebalanced
In London, the Footsie closed up 0.07%, while in Frankfurt the Dax took 0.36% to 6039 points. In Germany, the Ifo economic institute, has published an index of business climate better than expected.Portuguese Stock Index PSI 20 lost 1.77% on Wednesday at midday cheap payday advance .
In the wake of the Dow Jones lined up Tuesday night meeting of a 9th consecutive increase, gaining 0.95% at 10,890 points, the European benchmark indices were, however, these days very well oriented, including through the adoption of the reform U.S. health and the publication on Tuesday, a U.S. leading indicator of housing sales in the former less bad than expected.
But the downgrading of Portugal, followed by two disappointing U.S. indicators have weighed on the markets: the durable goods orders rose in February, 0.5%, while analysts expected 0.6%.But it is the new home sales in the United States who have cruelly disappointed: they fell in February to their lowest level since 1963.
Meanwhile, a few hours of Thursday's European Council, France and Germany are trying to tune their violins. European aid could be associated with the International Monetary Fund, to support Greece.
Meanwhile, the degradation of Portugal by Fitch has been a blow to the single currency fell more than 1% this afternoon against the greenback, to 1.3356 euro to 1 dollar. This is the first time since May 2009 that the euro develops below 1.34 against the dollar.
It is a Mexican entrepreneur, owner of a chain of hotels in Cancun, which offers a Hublot watch at 700,000 euros. It is a couple of Singaporeans looking for a pied-?-terre in Paris, which is close to 10 million euros on the table for a 400 square meters overlooking the Seine. Or a Parisian lawyer who finally cracked in the Porsche 911 … The dreams of luxury customers are return guaranteed payday loans . After an abrupt end after the bankruptcy of Lehman Brothers followed by a year to land, rich of the planet reflected their platinum cards without false shame. The distribution in these days of record bonuses in finance in New York, London or Paris will only encourage fever after a year of dieting.
Comments Off