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		<title>Recapitalization of banks: difficult negotiations in Brussels</title>
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		<pubDate>Sun, 23 Oct 2011 09:38:15 +0000</pubDate>
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		<description><![CDATA[ Creditor banks in Greece will have to accept losses &#34;substantial&#34; in the new bailout of the country, warned Saturday that the European Ministers of Finance. Last night, the central bankers of the euro zone had &#34;agreed to say that we had to have a substantial increase in the contribution of banks&#34; in the form [...]]]></description>
			<content:encoded><![CDATA[<p> Creditor banks in Greece will have to accept losses &quot;substantial&quot; in the new bailout of the country, warned Saturday that the European Ministers of Finance. Last night, the central bankers of the euro zone had &quot;agreed to say that we had to have a substantial increase in the contribution of banks&quot; in the form of a depreciation of their claims, said the leader of European finance ministers, Jean-Claude Juncker. </p>
<p> According to diplomatic sources, the ministers agreed to effectively negotiate with the banks at a discount of &quot;at least 50%&quot; against a target of 21% decided on July 21 with the banking sector. They thus de facto endorsed the conclusions of an expert report which was presented by the troika of donor funds in Greece (EU, ECB and IMF).The paper believes that a discount of 50 or 60% hope to stabilize Greece without having to increase in the amount of gigantic international loans that have already been promised. </p>
<p> A &quot;discount&quot; is the term used in relation to the financial depreciation of the value of loans taken by creditors in this case private banks and investment funds that hold government debt. A discount of 50% borne by the private sector, the second program of financial support pledged July 21 to Greece, however, should be slightly revised upwards with government loans (Europe and IMF) to 114 billion euros, against 109 billion euros.To maintain the envelope of 109 billion euros unchanged, it would bring the discount to 60%, according to calculations by experts. </p>
<p> • Banks recapitalized to the tune of 100 billion euros
<p> In any event, the second bailout in late July, just after the first amounting to 110 billion euros agreed in spring 2010, will have to be redesigned. &quot;It&#39;s pretty clear that we need a substantial discount on Greek debt,&quot; also said Saturday the Swedish Finance Minister Anders Borg on his arrival in Brussels for a meeting with colleagues from across the EU.&quot;We will now work on a new plan Greek, there is an effort of European countries [to, ed] and will also require an effort of the private sector,&quot; said his Belgian counterpart Didier Reynders. </p>
<p> The question is whether the banks that have so far dragged its feet to give the pot, will accept a negotiated settlement does not pass through a default of Greece said &quot;messy&quot; serious consequences. &quot;It&#39;s a negotiation s&#39;entame,&quot; said Didier Reynders. These discussions, held in Brussels with representatives of the Institute of International Finance (IIF), the banking lobby, &quot;still, there is no agreement yet,&quot; said a source told AFP familiar with the matter. </p>
<p> In return for the effort required on the Greek claims, it is intended to recapitalize European banks to the tune of nearly 100 billion euros. The subject was Saturday in the agenda of the ministerial meeting.According to sources cited by Reuters, an agreement in principle was reached by European finance ministers on the recapitalization <a href="http://pay-day-loans-4all.com">faxless pay day loans</a><!-- . -->. European diplomats interviewed by AFP were less categorical in the late afternoon. &quot;There is no agreement on the recapitalization, it gets stuck a little.&quot; According to one of these diplomatic sources, &quot;Spain insists on having a comprehensive, not only on the recapitalization of banks but also on strengthening the European Financial Stability Fund (EFSF). &quot; On the other hand, &quot;the ministers are trying to agree on the minimum capital.&quot; </p>
<p> The European Banking Authority (EBA) has proposed that banks reach a level of capital of 9% by mid-2012.A diplomat acknowledged that some countries in the viewfinder of the markets, like Italy, Spain or Portugal, feared that the recapitalization will further undermine public finances. </p>
<p> • The Fund will not support a bank
<p> Moreover, the French proposal to grant a banking license to the Fund support the euro area (EFSF) so he can refinance with the European Central Bank &quot;is no longer on the table,&quot; said Minister Dutch Finance Jan Kees de Jager. Only two options are being discussed to increase the firepower of the device, he told reporters Saturday. These two tracks on the agenda now that the mechanism acts as a partial insurance of the public debt of countries in difficulty or higher participation of the IMF to the device, according to a German government source.But there is &quot;significant differences between countries&quot; on the issue, said Jan Kees de Jager. </p>
<p> How to leverage the capacity of the EFSF was the main sticking point between Berlin and Paris at the approach of the EU summit. France, worried about its budget deficit and are &quot;triple AAA&quot; prefer tap into the existing European funds, starting with the ECB. Germany, also sensitive to the separation of powers as inflation risks, refuses anything resembling a crisis by printing money in Europe. France was not only to advocate the involvement of the ECB, arguing that this system worked very well in the United States or Great Britain.She was supported by Spain, Italy or Belgium. </p>
<p> The European Relief Fund currently has a lending capacity of 440 billion euros, part of which is already committed for Ireland and Portugal. This envelope is considered insufficient to prevent contagion of the debt crisis in countries as large as Italy and Spain, increasingly in the firing line of credit rating agencies. European countries negotiate so hard for weeks on the best way, via a &quot;leverage&quot; to multiply by up to five response capacity of the Fund&#39;s financial debt of fragile countries. </p>
<p> (With agencies) </p>
<p> ALSO READ: </p>
<p> &quot;GRAPHICS &#8211; The crisis of the euro, or the history of contagion </p>
<p> &quot;SPECIAL &#8211; Banks in turmoil </p>
<p> &quot;Paris and Berlin are seeking a solution for banks </p>
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		<title>France is still looking for the keys to competitiveness</title>
		<link>http://theatredigz.com/france-is-still-looking-for-the-keys-to-competitiveness/</link>
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		<pubDate>Wed, 12 Oct 2011 11:54:52 +0000</pubDate>
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		<description><![CDATA[ What should imagine to make French industry more competitive and allow it to regain market share in the euro area? This is the question almost as old as the foreign trade report of the Economic, Social and Environmental Committee (EESC) tries to answer.Indeed, despite its strengths, the delay of France grows: the trade deficit [...]]]></description>
			<content:encoded><![CDATA[<p> What should imagine to make French industry more competitive and allow it to regain market share in the euro area? This is the question almost as old as the foreign trade report of the Economic, Social and Environmental Committee (EESC) tries to answer.Indeed, despite its strengths, the delay of France grows: the trade deficit to increase from 51 billion euros in 2010 to over 70 billion this year. </p>
<p> To stop the bleeding, Isabelle de Kerviler, rapporteur of the opinion that is presented this morning at the EESC proposes to facilitate the development of medium-sized companies in particular by improving the financial environment. </p>
<p> &quot;We must strengthen the role of OSEO, we want to launch a loan specifically for the industrial sector and the creation of a special savings account,&quot; says the reporter who did not want to quantify the amounts or the levels of these measures especially to SMEs. </p>
<p> Other proposed runway: corporate taxation.&quot;It should modulate the rate of corporation tax, the report said, by shifting the tax burden of work on the consumption of natural resources or pollution or swaps.&quot; </p>
<p> &quot;Create&quot; Grenelle of competitiveness &quot;
<p> Compared to Germany, envied model that continues to get ahead of our country, the EESC notes that the French labor costs are not even an advantage.The moderation of costs across the Rhine and the progression (in the EU average) of this side are trimmed away. </p>
<p> Nevertheless, France still has a bright points in its favor: the dynamic demographic, geographic location, quality workforce, the quality of public services contrasts with an educational level that s&#39; weakens. </p>
<p> To implement practical solutions, Isabelle de Kerviler wants to organize a &quot;Grenelle of competitiveness.&quot; But is that enough to compete with Germany? </p>
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		<title>Buy a property to his children</title>
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		<pubDate>Sun, 09 Oct 2011 02:19:06 +0000</pubDate>
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		<description><![CDATA[ How to help her children buy a home? Faced with soaring prices of the stone, more and more parents are wondering. For young people without a little help family, buy a property is often difficult. But the stone is more than ever the key to any well-constructed assets. 
 A DONATION as a financing
 [...]]]></description>
			<content:encoded><![CDATA[<p> How to help her children buy a home? Faced with soaring prices of the stone, more and more parents are wondering. For young people without a little help family, buy a property is often difficult. But the stone is more than ever the key to any well-constructed assets. </p>
<p> A DONATION as a financing
<p> With the recent reform of the taxation of wealth, each parent can give full tax-free, but every ten years now, up to € 159,325 (reduction in force in 2011) to each child or € 318,650 for a couple . And if the child is an adult, he took advantage of an additional allowance of 31 € .865 (per parent under 80 years), allowing it in the end, even in the capital, to acquire a lovely pied-a -land &#8230;A strategy that offers the advantage of not &quot;inflate&quot; its own property portfolio, since it is your child immediately becomes sole owner of the property. Thus, it can allow parents to avoid the wealth tax if the value of their taxable net wealth falls short of 1.3 million euros, or to play down if it does not exceed 3 million euros. </p>
<p> This approach has its drawbacks, however. &quot;A coming of age, the child who has de facto full ownership, may sell at any time, even if the parents object,&quot; says Brillat Michel, director of engineering heritage of the EU Financial France. To &quot;block any attempt inappropriate,&quot; Louis Aussedat, notary Althémis Network, advises the inclusion in the deed of gift, and in the deed of purchase, a prohibition to alienate.This provision makes the sale to the agreement of parents. </p>
<p> Know that it is still quite possible to do this for the benefit of a minor, but we must in this case the approval of the guardianship court. And while the child is under 18, the slot is part of global real estate portfolio of his parents, with possible consequences in terms of ISF. </p>
<p> To a lesser extent, if you own a home savings plan, you can send your borrowing rights to your child, provided that it is itself the holder of such a plan (open for at least 3 years) <a href="http://sublimebusinesscards.com">business card</a><!-- . -->.Finally, give money in advance and not a property which you would already own, you can be exempt from land registration fee (0.715%). </p>
<p> SEND ACHETERET in a SCI
<p> Here is the real estate company (SCI) who acquires the home and not you and / or your children directly, thus, again, to fund and pass more easily again. Parents are partners and own the shares of the SCI. A major advantage of this legal structure is its flexibility. A condition of relying on a notary or a lawyer to draft the statutes (beginning approximately € 2,000), all management schemes, or nearly so, may indeed be calmly considered: full or bare ownership only given to children, in whole or in part, etc..Parents may reserve the role of manager to get their hands on the decisions and procedures to meet the requirements (general meeting &#8230;). &quot;In this configuration, the children, even adults, can not sell without your consent,&quot; said Gilles Etienne, Partner at Cyrus Council. The SCI can also borrow, even if minor children are involved. Only requirement: well set, with the help of a professional, their responsibilities vis-à-vis the debt and obtain the consent of the judge. Finally, the very existence of an ICS is not limited in time and value, as the designation of heritage that can be managed, is not fixed. </p>
<p> Scellier Act: rent-to-child </p>
<p> Parents who buy a home with the benefit of the tax reduction under the law Scellier can rent the apartment to their children.A three conditions: it must be the principal residence of the latter, that it is detached from the tax home of the parents (it is then placed on its side), finally, that actually pays the rent. ALSO READ: &quot;Placement: the French have confidence in real estate </p></p>
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		<title>The long wandering unemployed California</title>
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		<pubDate>Mon, 26 Sep 2011 18:39:45 +0000</pubDate>
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		<description><![CDATA[ For three years she is unemployed, Sheila Magsby short job center job center in the wheel of his battered car in the hope of becoming thinner, to find a job. The point where it is, after thirty-six months of fruitless searches and applications without response, the forties would be satisfied with a minimum wage, [...]]]></description>
			<content:encoded><![CDATA[<p> For three years she is unemployed, Sheila Magsby short job center job center in the wheel of his battered car in the hope of becoming thinner, to find a job. The point where it is, after thirty-six months of fruitless searches and applications without response, the forties would be satisfied with a minimum wage, although it has twenty years experience as secretary to the prosecutor in Los Angeles. Over the past year, Sheila no longer receives any unemployment benefits. It is therefore no income. &quot;Luckily I live with my father. How else am I get out? &quot;She asks. </p>
<p> Sheila lives in Los Angeles, but that it is today came Torrance consult the job offers. &quot;I might have better luck here,&quot; she sighed half-heartedly.At about twenty miles west of downtown, Torrance is home to the headquarters of U.S. automakers Toyota and Honda, companies that only hire certainly not now, but around which created an economy of small merchants , restaurants, etc.. </p>
<p> Degreasing the chain
<p> Eighth global economy, California stands today especially the second worst unemployment rate in the country (12.1%) after the Nevada (13.4%). Only the San Francisco area, the heart of high-tech industries and the Internet is more or less spared thanks to companies like Twitter and Facebook continue to recruit qualified personnel. The rest of the state bogged down. Building on education, the downsizing continues as roads and school performance deteriorated.In the center, in the San Joaquin Valley, the unemployment rate reached 40% in some towns. To the south, near the Mexican border, it rises to 26% in the Greater El Centro. </p>
<p> Alarmed by stagnant growth, stock market rout and a nagging housing crisis, employers in California have eliminated 8,400 jobs in August (after having created 98,500 since the beginning of the year). 3600 of them were eliminated in the public sector. The teacher Cindy Cheritan is one of the many victims of these cuts. She found herself obliged to accept a job as a nurse throughout the summer, paid $ 50 per day, because the City of Downey, where she works, can no longer afford to offer the remedial courses that summer allow teachers to make ends meet during their two months of unpaid leave.&quot;I&#39;ve mostly replacements, says Cindy, because it is currently impossible to get tenure.&quot; </p>
<p> Three hundred applicants for every job
<p> Cindy&#39;s case is emblematic. She returned several times the path to college for a career change. Having obtained a real estate license at the beginning of the real estate crisis of 1997, she was forced to abandon this activity almost immediately. &quot;At the time, there was a shortage of teachers. So I opted for this profession. &quot;Struck by bad luck, she became a teacher at age 45, after five years of study, just when education authorities began to fire teachers. Cindy is now for the group 16.3% of Californians living below the poverty line.At 50, she returned also live with her parents. </p>
<p> &quot;We see a lot of engineers, says Christina Haggins, the job center of Redondo Beach as the aerospace industry, a strong presence here, has eliminated thousands of jobs. Recently we even had a judge have been unemployed for several months. We tried to help him, but he still has not found anything. &quot; </p>
<p> According to the California Labor Department, about 300 candidates apply for each job. As was recently the case in a holistic care center for pets. &quot;They were looking for a receptionist. We were 250 to introduce ourselves, &quot;said Julie, unemployed for two years. </p>
<p> California and have any interest in adopting the employment plan recently presented by Barack Obama.The $ 3.9 billion allocated to infrastructure renewal of the state could create 51,500 jobs, 37,000 teachers could find the way to school. Finally, about 710,000 SMEs would receive tax cuts and social security. &quot;We absolutely must get out of the economic hole we have fallen,&quot; calls the director of the Institute for Research and Development of the use of UCLA, Chris Tilly. &quot;People need to get back on their spending and businesses to hire.&quot; </p>
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		<title>The real estate capital gains taxed more in February</title>
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		<pubDate>Thu, 08 Sep 2011 12:12:05 +0000</pubDate>
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		<description><![CDATA[ Owners of second homes and those with a property other than their primary residence could be based, in recent years, on stable tax rules. To calculate the tax payable on resale of the property, the gain was reduced by 10% per year after five years in prison. This led to a full exemption after [...]]]></description>
			<content:encoded><![CDATA[<p> Owners of second homes and those with a property other than their primary residence could be based, in recent years, on stable tax rules. To calculate the tax payable on resale of the property, the gain was reduced by 10% per year after five years in prison. This led to a full exemption after two years. In times of scarcity of public finances, this plan was considered too generous. </p>
<p> After many negotiations, members of the majority and the government managed to agree on a new system. Unless new amendment to the Senate, these reductions always will engage after five years in prison. But instead of 10% a year, they amount to 2% between the sixth and sixteenth years of detention, 4% between the seventeenth and twenty-fourth year and 8% thereafter.It was not until thirty years (instead of fifteen) to see its added value exempt. This regime will apply to final bills of sale signed on 1 February 2012. Given the usual delays, it will be necessary to sign the trade deadline in November. When the tax applies, the rate is 32.5%. </p>
<p> Increase in new sales
<p> As a result, professionals expect an increase in offered for sale by then. &quot;Owners who hold their property for at least fifteen years will want to take advantage of the current exemption of capital gains,&quot; said Jean-François Humbert, notary in Paris. Not sure, however, that buyers are at the rendezvous <a href="http://instant-payday-loan-service.com">no teletrack payday loan</a><!-- . -->. &quot;Individuals who do like to let investment buy empty flats, said Laurent Vimont, president of Century 21.Or those who put their property to sell in a hurry are likely to already have a tenant. &quot; </p>
<p> Sales of second homes, they weigh only 7% of the market (56,000 sales per year). And the fall is not a favorable period for transactions involving such property. But if the sale is finally concluded, it will probably be with lower prices. &quot;Owners can grant rebates 5 to 10% up to sell quickly,&quot; said Jean-François Buet. As of February 1, however, the market is likely to seize up. &quot;With the entry into force of this device and the negative pre-election period conducive to procrastination, the owners will be tempted to keep their property, advance Mael Bernier, spokesman for the loan broker Loans. The number of sales expected to decline. &quot; </p>
<p> Is that the market is very sensitive to shifts in tax.Before the deputies did retouch the future scheme, the government announced on August 24 suppression of hard-reliefs and exemptions on real estate gains. The reaction was immediate. Within the network of estate agents Century 21, 500 sales agreement and terms of sale 1500 were canceled over the last two weeks. &quot;In our 75 000 mandates, 5% were removed,&quot; adds Bernard Cadeau, president of the Orpi teaches. </p>
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		<title>Italy strike against the backdrop of austerity</title>
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		<pubDate>Tue, 06 Sep 2011 21:36:08 +0000</pubDate>
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		<description><![CDATA[ General strike, plunging polls and growing skepticism of the markets. It is in this context that the Italian Senate Tuesday began a crucial discussion on the budget bill. 
 Silvio Berlusconi wants the recovery plan accounts, announced on August 12 but already relaxed, be adopted urgently by senators to advance to the European Central [...]]]></description>
			<content:encoded><![CDATA[<p> General strike, plunging polls and growing skepticism of the markets. It is in this context that the Italian Senate Tuesday began a crucial discussion on the budget bill. </p>
<p> Silvio Berlusconi wants the recovery plan accounts, announced on August 12 but already relaxed, be adopted urgently by senators to advance to the European Central Bank (ECB), which meets on Thursday that the commitments requested by the &#39;Europe &quot;were held.&quot; But the only way to meet this deadline is likely to engage the confidence of his government, he has not yet decided to do. Some in his party, invite him to seek dialogue with the opposition. </p>
<p> ECB and Bank of Italy, however, urged governments to take responsibility for reducing the public debt.Saturday, Cernobbio (northern Italy), Jean-Claude Trichet has urged Italy not to &quot;waste time&quot; to adopt structural reforms &quot;strong and decisive.&quot; Monday, his designated successor, the head of the Bank of Italy Mario Draghi, has called on Europeans to &quot;not assume&quot; that the ECB will continue to buy &quot;temporary&quot; sovereign debt. Hans-Werner Sinn, president of the German Institute for Economic Research (IFO), the ECB made a mistake by buying Treasury bills Italian: &quot;Only she started doing that the government of this country backtracked on its policy rigorously, &quot;he lamented in the daily La Stampa. </p>
<p> The assumption that the ECB will reduce or cease its purchases of government securities alarm the Italian political and economic circles of the peninsula. On Monday, the short rate differential between Italy and Germany has set a new record to 327 basis points (3.27%).It was 160 basis points in late May. This means that investors demand a risk premium higher and higher to accept to lend to Italy. </p>
<p> This first day of examination of the text will be marked by a general strike launched by the CGIL. The main union in the country &#8211; 5.8 million members &#8211; calls for a tax on wealth which the government objected. He denounces a rigor that the popular classes are the costs, while the highest incomes are relatively spared. The abandonment of a levy &quot;solidarity&quot; of 5% on incomes over 90,000 euros and 10% in excess of 150,000 euros adds water to his mill. </p>
<p> Possibility of waiving the rules for dismissal
<p> But most importantly, credible reforms, the government promised to amend the Labour Code a very rigid dating from 1970.Sunday, the Senate Budget Committee gave substance to this commitment by adopting an amendment that relaxes the conditions for termination. If he were finally voted, it would be possible to derogate from labor law, by agreement or even industry company, signed with the unions. Welcomes the employers, but for the CGIL, it is a &quot;diktat intolerable.&quot; Other confederations welcome the amendment with more philosophy. For the ICFTU, Catholic, the measure is &quot;inappropriate&quot;, but should not overly concerned, &quot;What the union allow a dismissal?&quot; Asks she. </p>
<p> ALSO READ: </p>
<p> &quot;Tour of Europe&#39;s austerity plans </p>
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		<title>Golden Rule: &quot;Protecting the French&quot;</title>
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		<pubDate>Sun, 28 Aug 2011 09:32:04 +0000</pubDate>
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		<description><![CDATA[ LE FIGARO &#8211; The government introduced this week its plan to redress public finances. The crisis of this summer did she raised awareness about the need to seize the arms at the waist? 
 Valerie PÉCRESSE &#8211; It has been four years since we conduct a rigorous, freezing state spending, by not replacing an [...]]]></description>
			<content:encoded><![CDATA[<p> LE FIGARO &#8211; The government introduced this week its plan to redress public finances. The crisis of this summer did she raised awareness about the need to seize the arms at the waist? </p>
<p> Valerie PÉCRESSE &#8211; It has been four years since we conduct a rigorous, freezing state spending, by not replacing an employee on two retiring and controlling health care costs. Before the fall of Lehman Brothers in the summer of 2008, the government planned a deficit of 1.7% of GDP in 2009, a level which France would have reduced its debt! This proves that without the crisis, we would have deficits very limited. But in 2009, the deficit was actually 7.5% of GDP. The crisis changed everything (lower revenues, higher social spending, stimulus needed).When I hear the socialists say that two-thirds of the deficit comes from our economic policy decisions, I say that all European governments and the United States, as we faced the crisis and that the French debt increased less that on average our neighbors. </p>
<p> Do not you turn the austerity? </p>
<p> No. The austerity, it would have been to raise taxes for all the French, to lower the salaries of officials and social benefits. Our budget is a realistic budget that allows us to move forward on the path to debt reduction. By providing a deficit of 5.7% of GDP this year, 4.5% in 2012, 3% in 2013 and 2% in 2014, we have a credible path and we are taking another step. The rating agencies also believe, and for this we note that AAA.Now you will have noticed that we have revised down our growth forecasts for 2011 and 2012 to 1.75%. Take to achieve this trajectory despite the slowdown, it is necessary to make an additional $ 11 billion by the end of 2012. With Baroin, we proposed to the President of the Republic and the Prime Minister effort equitably, inspired by our social beliefs Gaullists. Everyone will be involved, but we will require more large companies and SMEs and more affluent households to the rest of the French. </p>
<p> How such a plan does not it weigh on growth? </p>
<p> We looked for the right mix of efforts to reduce deficits by protecting the jobs and growth. Because our policy is based on three pillars: the recovery of accounts and the debt that nurture confidence and thus growth.A historic investment in research and innovation through the research tax credit and investment for the future. And finally, structural reforms: pension reform, university autonomy, modernization of the state, etc.. All this increases the potential growth. It is these three pillars together that will allow France to emerge stronger from the crisis. </p>
<p> You announced a tax of 3% of earnings over 500,000 euros. Is this a level that you feel &quot;extravagant&quot;? </p>
<p> 500,000 euros per person, a very high level of income. Between the tax on high incomes, higher payroll taxes on savings and the elimination of discounts on real estate gains, wealthier households will contribute a total of 3.7 billion.By raising taxes on savings, we compare the taxation of pa6trimoine that of labor income. </p>
<p> Of the 11 billion effort that you announce for 2012, corresponding to 10 billion tax increases. The State has happened after what he could do to reduce the expense? </p>
<p> No, because we will work with legislators to find additional savings of one billion next year. Through our reforms, we save 16 billion euros in government expenditure and for the first time since 1945 the payroll of the state will drop in 2012 because we have eliminated 150,000 jobs between 2007 and 2012 public. We need to continue structural reforms to go further: education, competitiveness and taxation, etc..The debate comes as part of the presidential election. </p>
<p> Should we expect new measures in the draft budget law in 2012 that you will present at the end of September? </p>
<p> The measures are on the table. The debate will engage with parliamentarians. I will be attentive to their proposals. </p>
<p> With the plan that you announced and the path of deficit that results, do you still need a &quot;golden rule&quot;? </p>
<p> It is always easier to meet its commitments when there are rules. We held the non-replacement of an official two retiring or freezing in the value of departmental spending, because we set the rules. The &quot;golden rule&quot; would protect the French of all political uncertainties. It is a seat belt. Remember that we are entering an election campaign, when all the promises reckless.If the Socialist Party wants to do, at least he will have to put the revenue required in the face. Empower the Constitutional Council to reject a budget that does not respect the commitments is a very important step. By refusing the helping hand of government on the &quot;golden rule&quot;, the French Socialists isolate themselves from their European counterparts rather than inspiration. </p>
<p> After Germany, the UK signed an agreement with Switzerland that allows Brits having an undeclared account in Switzerland to remain anonymous while putting himself in good standing with the IRS. The Swiss bank levies a tax on the account, then tax it pays to the British state without giving names.France, she will follow this example? </p>
<p> We will study this question by examining the agreements signed by Germany and the UK to see if they are compatible with our republican principles: such agreements should allow for example the lifting of secrecy in Switzerland, when requested by a French judge. Our principles are not negotiable. </p>
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		<title>Merkel faces a sharp political debate in Germany</title>
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		<pubDate>Mon, 15 Aug 2011 20:24:07 +0000</pubDate>
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		<description><![CDATA[ The trip to Paris to sign Merkel kicks off the season policy of German Chancellor. And it is not the easiest, as the European issue is sensitive across the Rhine. As often, the perception of this meeting the Franco-German differs somewhat between the two capitals. In the entourage of the Chancellor, there is little [...]]]></description>
			<content:encoded><![CDATA[<p> The trip to Paris to sign Merkel kicks off the season policy of German Chancellor. And it is not the easiest, as the European issue is sensitive across the Rhine. As often, the perception of this meeting the Franco-German differs somewhat between the two capitals. In the entourage of the Chancellor, there is little appreciated that this mini-summit is presented as a response to recent market fluctuations, while the appointment was set in Paris for many years. </p>
<p> On the merits, Germany continues to advocate for the export of its business model to other European countries and calls for reforms to improve competitiveness. For the rest, particularly with regard to assistance to States in need, remains intransigent. The President of the Bundestag has also warned that the plan of aid to Greece would not be adopted in September as planned.Contrary to what the Chancellor promised its European partners. </p>
<p> For the subject &quot;is so important that the Bundestag can not examine it in a few days with the necessary attention. And the Bundestag itself decides how much time he needs, &quot;hammered Norbert Lammert (CDU). This reference indefinitely slingshot echoes the deputies of the majority, offended to be confined to the role of registration of the major decisions on the euro area. Between 25 and 40 of them could not vote for it, according to estimates. Not enough to prevent its adoption as the Greens and Social Democrats (SPD) have already announced they would vote for. However, the balance of the majority is at stake if the number of defections on the right is important <a href="http://paydayintime.com">payday loan</a><!-- . -->.And the chances of the Chancellor to come to his estate in 2013 will be weakened. </p>
<p> &quot;Treasurers of Europe&quot;
<p> Always keen to show his concern for good management of public funds, the finance minister, Wolfgang Schäuble, dismisses the idea of ​​European bonds, &quot;as the Member States to practice their own fiscal policy.&quot; The word remains taboo eurobonds in the ranks of allies of government, CSU and FDP, &quot;the devil&#39;s work&quot; as one commentator has called ironically the Spiegel. Spokesman for the financial matters of the CDU-CSU, Klaus-Peter Flossbach, &quot;Europe does not need to eurobonds but strong budgets. And budgets are achieved with strong economies, not with Eurobonds. &quot; </p>
<p> &quot;Are we becoming the treasurers of Europe?&quot; Questioned this weekend the newspaper Bild.The liberal party (FDP) is threatening to break the coalition agreement if it came to the idea of ​​Christian Democrats to take this direction. Because the option of Eurobonds would be well on his way within the Conservative party if we believe Die Welt. </p>
<p> Angela Merkel, always cautious and pragmatic, the idea is not yet ripe. While the latest polls give the Germans more Euro-optimistic: 2 out of 3 respondents believe that the currency will still exist in 10 years and 53% believe that the euro crisis is not going to get worse in a year . </p>
<p> ALSO READ: </p>
<p> &quot;Debt: 8 out of 10 French are worried </p>
<p> &quot;The ECB is the price to stem crisis </p>
<p> &quot;SPECIAL &#8211; Depression, fear of debt </p>
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		<title>Between Kraft cheese biscuits and sweets</title>
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		<pubDate>Fri, 05 Aug 2011 19:52:05 +0000</pubDate>
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		<description><![CDATA[ Kraft, the world of food, getting ready for a new metamorphosis. Four years after its separation from the cigarette company Philip Morris and the acquisition of LU (Danone), eighteen months after the takeover bid for Cadbury, CEO Irene Rosenfeld said Thursday the next split in the group. &#34;The board wants to create two independent [...]]]></description>
			<content:encoded><![CDATA[<p> Kraft, the world of food, getting ready for a new metamorphosis. Four years after its separation from the cigarette company Philip Morris and the acquisition of LU (Danone), eighteen months after the takeover bid for Cadbury, CEO Irene Rosenfeld said Thursday the next split in the group. &quot;The board wants to create two independent publicly traded companies: snacks, global, high growth, and a grocery business in North America to high margins,&quot; said Kraft, which is given by at the end of 2012 to achieve this.The group indicates neither the names of these entities, nor the identity of their future leaders. </p>
<p> The grocery store ($ 16 billion in sales) will bring together historic brands: Philadelphia cheese, Maxwell House coffee, Jell-O blanks, the Oscar Mayer wieners, sauces Miracle Whip &#8230; The other company will bring together the chocolate brands (Milka, Cadbury), cookies (Oreo, LU), chewing gum (Trident, Hollywood) &#8230; The snacks, 42% of sales come from emerging markets, makes 32 billion dollars in sales. </p>
<p> Two distinct logical purchase
<p> These two activities &quot;now differ in their strategic priorities, their growth patterns and their operational focus,&quot; said Irene Rosenfeld, who took over the group in 2006 <a href="http://payday-loans-application.com">cash advance flexible payments</a><!-- . -->. They also respond to two distinct logics of purchase: for impulse buying chocolate and cookies, traditional races in the fresh to the grocery store.</p>
<p> In recent years, snacking activity had become the main growth driver for Kraft, who had separated from his cereal brands (Post) and frozen pizzas (DiGiorno). &quot;Several activities were more consistent with the new face of Kraft, including dairy products, says Ildiko Szalai, an analyst at Euromonitor. The group&#39;s growth was also hampered by its activities in North America, a very mature market, strongly impacted by the recession. This does not mean that it is a step prior to the sale of this business. &quot;By strengthening the visibility of snacks, Kraft also hopes to gain credibility with investors. Even the most critical among its shareholders, the businessman Warren Buffett, welcomed the split. </p>
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		<title>Paris Air Show: enhanced surveillance</title>
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		<pubDate>Sun, 19 Jun 2011 11:00:05 +0000</pubDate>
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		<description><![CDATA[ No waffling. The Paris Air Show is clearly a prime target for terrorists of all stripes. &#34;The means are enhanced this year given the international context,&#34; admits Gilles Fournier, director of the show. Everything is made to ensure that nothing spoils the biggest party in the aviation world. The device, classified top secret, similar [...]]]></description>
			<content:encoded><![CDATA[<p> No waffling. The Paris Air Show is clearly a prime target for terrorists of all stripes. &quot;The means are enhanced this year given the international context,&quot; admits Gilles Fournier, director of the show. Everything is made to ensure that nothing spoils the biggest party in the aviation world. The device, classified top secret, similar to that established for a G8 or the movement of a Barack Obama in Normandy. But the BBC is able to detail some components. </p>
<p> The government and relevant ministries including Defence and Interior, make available to the people living in 2000 to carry out missions of security, air traffic management, protection of public figures and the public. In total, no fewer than 45 state departments are present. Le Bourget hosts a control center.This PC has 80 permanent crisis covering all areas: safety, security, public order, land and air circulation. Protection services and intelligence are also at work, the DCRI provides security industry while teams of HPPD (protection service VIPs) are deployed French and foreign. At least 50 cameras monitor every corner, while ground crews are based in the crowd of visitors. Officially, no foreign intelligence service is present on the site but &quot;it is well known that the Bourget swarms of spies from all over the planet,&quot; says one industry. </p>
<p> A public prosecutor is always present on the site in order to treat all topics: crime, air accident, fire or bombs &#8230; &quot;We conduct rehearsals of all scenarios.In a crisis the PC can trigger the red plan, &quot;said Gilles Fournier. The show requisition, order of the prefect, a representative of the Association of radio amateurs (ADRASEC). &quot;If everything is cut and the saturated mobile is the ultimate way to help to communicate with the outside,&quot; says the executive director of the show. </p>
<p> 70 hectares to monitor
<p> Mobile police squads roam the 70 acre site while the Air Force ensures its protection Air Show. A special device for aviation security (DPSA) is deployed in order to &quot;put the Bourget in a protective bubble&quot; without disrupting the airports of Roissy and Le Bourget. A temporary exclusion zone (FTZ) flight is drawn from the south to the north of Roissy Le Bourget. This space is reserved for bounded planes and pilots accredited with flight plans, passenger names were submitted.An intruder is likely to be intercepted &quot;by any suitable means.&quot; AWACS surveillance aircraft and helicopters for surveillance and intervention runs continuously and monitors &quot;anything that flies.&quot; On the ground, the Air Force is on alert: the Mirage are ready to take off. Rattlesnake missiles are pre-positioned and radar detection of the Air Force record &quot;everything that moves.&quot; All are ready to respond regardless of the scenario: small escort the aircraft flying club that has accidentally wandered into the FTZ, to land an aircraft in emergency or eliminate a target whose trajectory is clearly hostile. &quot; </p>
<p> On the ground, military aircraft are under the protection and monitoring of specialized private companies but also armed them support like the American aircraft.As for civilian aircraft, they are under the protection of security companies licensed by the prefecture and the Ministry of Interior <a href="http://payday-nofax.com">installment payday loans</a><!-- . -->. Three companies subsidiary of ADP Alysia, GPS and Stand-Up is under contract with the organizers of the show. &quot;These are companies of reference, approved in the prefecture who usually major events at the Stade de France or Cannes. They carry out checks at the entrances of the show, searches and identity checks, &quot;said Gilles Fournier. </p>
<p> Similarly, vehicles entering the territory of the exhibition are all controlled and searched by teams cynotechniques explosion of Police. </p>
<p> The site displays a complete medical device. An advanced medical post (PMA) managed by the EMS Department is mounted. It also relies on the private firefighting resources in the Order of Malta delegating nearly 80 people throughout the show.A field hospital is also there with his two centers equipped with defibrillators, resuscitation and 8 beds. &quot;Every year it handles about 150 cases: this is the little bobo heart attack through the heat stroke,&quot; says Gilles Fournier. The medical task force also has in its ranks doctors, nurses and firefighters from the brigade of Paris. &quot;Around the room, barracks and hospitals were placed on standby, ready to intervene and welcome. Beds reserved in hospitals in Paris, &quot;said Louis Le Portz. </p>
</p>
<p> Stringent safety rules for flight demonstrations
<p> Another aspect to manage public safety and residents during the presentation of aircraft flights. Le Bourget is also a city of more than 13,000 residents, schools and shops. &quot;The rules of safety are absolutely stringent,&quot; the organizers insist.The show is under the authority of an Interministerial Commission of Control, chaired by the Prime Minister. From it depends on the Organizing Committee and Coordination Committee (COC) which brings together representatives of the Ministry of Defence and Interior, the Air Force, Airport of Paris, Directorate General of Civil Aviation (DGCA), the prefecture of Seine Saint Denis. The COC approves the demonstration flights daily that drive the show from 14 hours. </p>
<p> The space dedicated to demonstrations is well defined this is called the volume-flying aerial displays and controlled by radar trajectory to track and record real-time trajectory and the exact position of a plane in 3D. Station to the driver that does not follow the strict rules.Prohibition is made out of &quot;volume of flight,&quot; to fly across the room, the crowd, to make figures prohibited from encroaching on the airspace close to Roissy. A system of penalty and prohibition of flights is planned but it is very rarely used, say the organizers of the show. The drivers are all experienced professionals who have been approved by the direction of flight at Le Bourget. </p>
<p> From Wednesday to Saturday before the show opens, theft of repetition and validation takes place. Pilots, flight plans and the figures have to be approved by Stéphane flick, the director of flight appointed by the state. The former head of the school test pilots is still active. It is the center pilot flight test of the Directorate General for Armaments (DGA). </p>
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