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The Paris Bourse passes the 4100

Thursday, April 28th, 2011

The CAC 40 continues its forward march on Thursday. At closing, the Cac 40 was even offered the luxury of spending the technical threshold of 4100 points to 4104.16 points for a gain of 0.90%. Paris appears on the rise for the sixth straight session. As in Asia, Paris markets in turn react positively to the long-awaited announcement of the Fed on U.S. rates. The latter decided to continue its accommodative monetary policy for an extended period.

On other European markets, the upward trend is also valid. The London Stock Exchange 0.02% gleans 6069,09,10 points. For its part, the DAX index of the Frankfurt Stock Exchange gained significantly more (0.96%) to 7475.86 points.

Investors ignored the statistics expected across the Atlantic on Thursday, beginning with the first estimate of first quarter GDP and weekly jobless claims.As expected, U.S. growth slowed in the first quarter with a 1.8% annual rate. The ball quarterly publications will also be given to: Procter & Gamble, Microsoft, Expedia and Colgate Palmolive are scheduled.

In France, last month, spending on French household consumption of manufactured goods fell by 0.7% over one month after rising 0.9% in February, Insee said Thursday. Throughout the first quarter, spending still increased by 1.2%, after +1.8% in the last quarter of 2010.

Side currency, the euro climbed sharply against the dollar since the Fed announcement. About 11:00 am in Paris, the euro bought 1.4834 dollars against 1.4785 dollars late Wednesday.On oil markets, a barrel of light sweet crude for June delivery gained 61 cents to 113.37 dollars while that of Brent North Sea also June delivery increased 62 cents to 125.75 dollars. The sharp weakening of the U.S. currency has elsewhere led to a surge in price of an ounce of gold above the threshold of 1,530 dollars for the first time.

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As for French companies, investors must digest another round of results:

NYSE Euronext: + 0.02% to 26.78 euros

The transatlantic exchange group NYSE Euronext, which is the subject of two competing takeover bids, posted a net profit of 155 million dollars in the first quarter, up 19% year on year.NYSE Euronext is now convince its shareholders of the merits of his choice to continue on the path of rapprochement with Deutsche Börse, as he rejected the offer-cons, yet higher than 20% of the two U.S. exchanges, Nasdaq OMX and Intercontinental Exchange (ICE).

Saffron: + 6.17% to 25.56 euros (largest increase in the SBF 120)

The group announced on Thursday a rise in its quarterly revenue exceeding its target for the year, driven by activities of aerial and optronics, and reaffirmed its forecast for 2011 and its confidence for the following years.

Eramet: -1.43% to 265.45 euros

The mining group has achieved a turnover of 973 million euros in the first quarter, up 23%, thanks to increases of 35% nickel and 30% in alloys.Its operating income should be at least semi-equal to the corresponding period of 2010 excluding special items, after a surge in sales in the first quarter.

Gemalto: -0.29% to 34.96 euros

World number one smart card noted in the first quarter up 17% of its sales to 444 million euros a year, driven by its main activities. It confirms its outlook for fiscal 2011.

Technip: -2.46% to 74.96 euros

The specialist oil and gas equipment announced better than expected margins in the first quarter and confirmed its overall outlook for 2011.He always aims for this year a turnover of approximately 6,500 to 6.7 billion euros against 6.082 billion in 2010.

Sanofi-Aventis: +0.08% to 53.30 euros

The group released on Thursday quarterly earnings affected by competition from generics, but slightly better than expected and announced that its annual results would be reviewed during the semester payday loans guaranteed no fax. In late March, the turnover came out down 1.5% to 7.78 billion euros, generics that cost him 569 million euros in turnover over the first quarter of 2010.

Suez Environment: + 4.02% to 15.52 euros (largest increase in the ACC)

The group has published performance increase in the first quarter thanks to strong growth internationally, and has confirmed all its targets for the period 2011-2013.The turnover reached 3.514 billion euros in the first quarter, registering an increase of 14.3% (+13.5% at constant exchange rates), while EBITDA was $ 592 million, an increase of 28.6% (+25.6% at constant exchange rates).

Imerys: -0.44% to 52.44 euros

The group announced on Thursday a net improvement in its quarterly results, benefiting in particular the improvement of the construction market in France, said he expected an improvement in its performance throughout the year.Imerys has improved its operating margin by 1.9 points to 13.2% and increased its turnover by 13.7% at constant exchange rates to 882.7 million euros in the first quarter.

PPR: + 1.98% to 120.80 euros

The group saw sales jump 26% in luxury in the first quarter, boosted by a dynamic Asian still as powerful and a brilliant performance in the United States.

Gameloft: + 5.68% to 4.84 euros

The group announced a 20% growth of its turnover in the first quarter of 2011 to 39,500,000 euros.The company anticipates a year again growing at its turnover and profitability.

NextRadioTV: -0.51% to 15.57 euros

The media group has announced a turnover up 14% to 35 million euros, 15.7 million (+15%) for its flagship radio and 10.2 million for its TV division (+25%) . He announces "positive outlook for the first half of 2011."

Technicolor: -1.51% to 5.15 euros

The group announced on Thursday a rise of 15.4% of its turnover to 812 million euros in first quarter (+16.2% at constant exchange rates) and confirmed its targets 2011.

Ipsos confirms its objectives

Ingenico: + 0.91% to 33.10 euros

The group raised its growth target for 2011.It is now targeting sales at constant scope and exchange rates, greater than or equal to 985 million euros, while it had announced a target located between 965 and 985 million euros.

Ipsos: -0.21% to 35.29 euros

The group confirmed its targets for 2011 after recording an increase of 6.2% of its turnover in the first quarter despite the continuing fall in the market for public education in Britain.

Klépierre: + 1.77% to 27.62 euros

The group announced a slight increase in rents in the first quarter, thanks to its shopping centers, despite a slowdown in consumption in Europe.

Unibail-Rodamco: + 0.84% ​​to 156.30 euros

The group has appointed Christophe Cuvillier, former CEO of FNAC and Conforama, the Executive Group property as "General Manager Operations."He replaces Michel Dessolain, board member since 2007, appointed Director General of the strategy.

New field for Total

Total: + 0.96% to 43 euros

The oil discovered in south-eastern Bolivia a major gas field that could initially produce up to 6.5 million m3 per day.

Bioalliance Pharma: 2.48% to 6.20 euros

The group has announced an expansion in Germany and Spain for its Phase II clinical trial of clonidine Lauriad in patients with cancer of the head and neck.

Always on the side of publications, after market, Saint-Gobain, Sechilienne-Sidec, Crit and Vinci will unveil their turnover in the first quarter. Compagnie des Alpes will unveil its second quarter revenues.The results of the first quarter of Sequana, Saft, and Bongrain are also expected.

Eurotunnel, Danone and Plastic Omnium hold their general meetings starting respectively from 10.15, 14.30 and 17 hours.

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The Asian market cautious before U.S. jobs

Friday, April 1st, 2011

Caution on Asian stock markets Friday. And while the United States must publish their unemployment figure for the month of March this afternoon.

Shortly before the close, the Nikkei 225 gained 0.41% to 9795.30 points. According to The Mainichi, quoting a government source, the Japanese government is considering taking control of the site operator Fukushima, Tokyo Electric Power (TEPCO). In exchange, the stock drops to 8.38% to 426 yen.In contrast, banking stocks perform well: Mitsubishi UFJ Financial Group climbed 3.12% to 396 yen, Mizuho Financial Group is 0.72% to 139 yen and Sumitomo Mitsui Financial Group rose 1.27% to 2619 yen.

Sales of new vehicles in Japan, excluding mini-models, have unscrewed from 37% in March compared to the same month of 2010, 279,389 copies, recording their seventh consecutive decline, which in March also marked the 11th devastating earthquake and tsunami in the north-east.

On the currency markets, the yen continues to fall against the euro and the dollar. This Friday morning, the euro was quoted at 118.43 yen (0.62%) and the dollar, 83.55 yen (0.46%). Which benefits the Japanese export values.Canon takes 1.38% to 3670 yen, Sony advance of 0.63% to 2681 yen.

Oil prices rise

In China, the Hang Seng in Hong Kong ahead of 0.16% to 23,565.80 points and the CSI 300 3231.51 0.26% to win points.

Most other Asian stock markets follow the same trend: the KRX 100 of Seoul rose 0.29% to 4526.14 points, the S & P / ASX 200 rising 0.64% to 4868.70 points and the FTSE Straits Times was up 3115.11 points. Only the Bombay Stock Exchange and the Taiwan receding slightly, and the Taiwan TAIEX BSE Sensex lost 30 respectively to 0.19% and 0.04% 8667.17 points at 19,437.40 points.

Oil prices were higher Friday morning in electronic trading in Asia, reaching their highest level since September 2008 for the New York contract, due to the advance of troops against the rebels Muammar Gaddafi in Libya.In morning trading, a barrel of light sweet crude for May delivery gained 54 cents to 107.26 dollars. That of Brent North Sea crude for May delivery took 20 cents to 115.33 dollars.

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Auchan in shape for 50 years

Wednesday, March 9th, 2011

From our special correspondent Cross (North)

Auchan, which this year celebrates its fiftieth anniversary, two years after that of Carrefour, the party seems more than its rival. If they compare, distributor northerner leaders find cause for celebration. Auchan has beautiful produce a revenue total of two times smaller than the number two worldwide distribution, it achieved last year a net profit of 705 million euros … almost two times more than Carrefour.

The growth of Auchan is certainly driven by its performance in China and Russia, two countries where significant growth Yankee Group has acquired a strong position.About 40% of the 1.4 billion euros of investments planned by the group will still be devoted to these areas this year.

But also in France, Auchan, Carrefour did better, especially in the hypermarket format, on which they relied for fifty years. The Yankee Group takes particular advantage of his expertise on the management of very large stores (over 12,000 square meters), which constitute the bulk of its fleet. Another advantage of size, geographic location is often, in the opinion of experts, better than Carrefour.

However, Auchan does not meet that success with its hypermarkets. Kremlin-Bicetre, for example, the performance of one inaugurated in March 2010 is well below expectations. "We had to relearn how to open hypermarkets in France and especially in Paris, said Vincent Mignot, general manager of Auchan France.Since July, the trend began to reverse itself happily. "Auchan will continue to open hypermarkets in Sarcelles in the fall and Tourcoing next month. This "Auchan City" of only 4000 square meters opens a new avenue of development, the local hypermarkets.

The group is also focusing on the drives, these collection points for orders placed on Internet where customers come by car. It plans to open this year ten Auchan Drive. "This format is an essential element of the progression of our business in France in 2010," said Chief Financial Officer Xavier de Mézerac. Chronodrive development, including Auchan is a shareholder, will continue in parallel, as one of the sites and Auchandirect.fr Auchan.fr."The goal is that each client has a hyper e-commerce solution, whatever it is," said Vincent Mignot.

Higher prices adjusted

However, the group is not as active as its competitors Carrefour and Giant supermarkets on. The general manager of Auchan France stressed that the first store A2Pas opened last month in Paris, is "a simple test."

Auchan as with its competitors, the waltz of the labels will be inevitable because of rate increases from its suppliers, due to soaring commodity prices. "At one point, we can not sit on price increases from suppliers, which puts us in an extremely complex", defends Vincent Mignot, who admits not having signed with all its suppliers.He refuses however to quantify the price increase applied on the shelves, saying it depends on each local situation.

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Henry the highest paid French sportsman

Sunday, March 6th, 2011

Henry Parker, winning ticket
The image of France has certainly been worsened by the fiasco of the Blues during the World Cup in South Africa. Not their wallets. For the fourth consecutive year since the retirement of Zinedine Zidane, Thierry Henry leads the ranking of the best paid French sportsmen revealed Saturday by The Mag Team, established in a very precise calculation (salaries, bonuses, advertising contracts …). Substitutions in Barcelona and then exiled to the United States, the former Arsenal player has accumulated 18.3 million euros in revenues for 2010. The withdrawal of premiums for France and the League of Champions (won by Barcelona in 2009) lost him 500,000 euros compared to 2009 (18.8 million).His lucrative contract with the New York Red Bulls (5.6 M) and its many advertising contracts (some of which ended in 2010) nevertheless allow him far enough to relegate her boyfriend Tony Parker, ranking second with a 1.1 million in 2010 (12.2 million). The renegotiation of his contract with the Spurs could allow it to monopolize the top spot next year.

21 of the 23 strikers Knysna in the Top 50, no woman
Sebastien Loeb (5th with 7.3 million) and NBA (Boris Diaw 6th, Joakim Noah 24e) are the only ones to compete with football king, expected to draw lesson from this study. Despite the disaffection of a portion of public opinion related to the fiasco of the World Cup, the number 1 sport in France outclasses all its rivals (salaries, television rights …), by placing 41 players among the 50 best French athletes paid.Note that 21 of the 23 strikers Knysna (missing Carrasso and Planus) appear in the Top 50 neglected by women for the second consecutive year (Aravane Rezai registration at 1 million euros, Sylvain Armand, the 50th, at 2.5 million euros).

Karabatic Lemaitre behind
Targeted among the leaders of the mutiny of South Africa, Franck Ribery climbs on the 3rd step of the podium (10.2 million) through an upgraded contract at Bayern. The absent in South Africa are doing very well as Karim Benzema (4th with 9.3 M) or Patrick Vieira and David Trezeguet (tied 8th) flowing end of a career peaceful and golden (6.5 M) . First representative of France Championship, Yoann Gourcuff is in 10th place (6.1 million), far enough from his runner Claude Makelele (20th with 4.1 million).And light years before Nikola Karabatic (650 000), Jean-Baptiste Grange (300 000), Christophe Lemaitre (260 000) and Jason Lamy-Chappuis (140 000), new heroes of French sport completely incognito. Another world.

The best-paid French sportsmen:
1. Thierry Henry (Football) 18.3 million
2. Tony Parker (basketball) 12.2 M
3. Franck Ribery (football) 10.2 M
4. Karim Benzema (football) 9.3 M
5. Sebastien Loeb (rally) 7.3 M
6. Boris Diaw (basketball) 7.2 M
7. Eric Abidal (football) 6.7 M
8. Patrick Vieira (football) 6.5 M
. David Trezeguet (football) 6.5 M
10. Yoann Gourcuff (football) 6.1 M

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The notebook market boosted by key 3G and shelves

Saturday, February 5th, 2011

France now has almost as many mobile phone lines than people. According to the latest figures from telecoms regulator (Arcep) published Thursday, the Hexagon were at the end of December 2010 some 64.4 million SIM cards, an increase of 2.8% over one quarter and 4.9% over one year. Of this total, over 5.3 million cards do not call. And it is precisely these devices, including 3G and key blocks, which account for 30% rise in subscriptions.

With over 64.6 million inhabitants, the rate of mobile penetration in the French population reached 99 free online credit report.7%. It was "only" 95% a year earlier. Ile-de-France, particularly given the existence of numerous business lines, the rate is even 147%!

The vast majority of customers (46 million SIM cards) take the form of postpaid plan.This practice was up 8.6% yoy. However, the use of prepaid cards tends to fall by 4.5% over one year to 18 million cards issued in late 2010.

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When the plan becomes a social card game

Thursday, February 3rd, 2011

Can we laugh at everything? For Arplay, the answer is yes. This game publisher "eco-friendly and socially responsible, according to his boss Stephen Daniel, distributed since late October 2010, Social Plan. This card game provides each player to get into the skin of a shareholder and a maximum firing an employee. "Senior managers, technicians, clerical staff, … the first player to get rid of all its employees and manages its Social Plan wins the right to relocate in a totalitarian country where labor is cheap, "says the introductory note.

Like a traditional battle game, each player uses cards that include characters with well-defined positions: undocumented worker or disabled, aggressive marketing research officer, union representative or hostess to two years of retirement.Each redundant employee can get a bonus.

Billed as "the favorite card game bosses," sold about 12 euros, Social Plan promises to wake up "your predatory instincts and your inherent cruelty." If you believe the sales figures, the French were only waiting for this. "We were out of stock very soon, early December," said Stephen Daniel. Hence the need to build 10,000 new copies. These will be available tomorrow, Thursday, Arplay via in-store, in bookstores via Belles Lettres Broadcast Distribution (BLDD) and on the Internet.

"Send Message"

For this game, no buyer profile type, but people have in common a great sense of humor. "Generally, people buy a game card for them, and to offer," says Stephen Daniel.These are people who want to send a message caustic and humorous at times. "

The message, exactly, is the main selling point of Arplay payday loans with no fax. "In France there a ras-le-bol relocations, social plans. We wanted to provoke, intentionally, "said Stephen Daniel.

New success for Marwanny Corporation

Humor is also the preferred weapon of the creator of this game, a Breton aka John Harvey Marwanny. "This game allows ordinary people to train to become a shareholder effective, able to dismiss without qualms to maximize the profits of the company – and therefore its gains.So we help people thrive, succeed and grow rich – all while having fun! "Says the boss of the Marwanny Corporation, which adds that he developed this concept in 2010 with his colleague Hans Margoulinski" so to meet an obvious need for people to acquire the mechanisms of life of large companies and the market. "

According to its creator, "The Game Plan is part of the social process of" personal development without pain, "a concept developed by the Corporation Marwanny" to help individuals reach their potential. " This concept has also given rise to books with explicit titles: "365 days to pass," "Successful Race," "Communicating effectively with others" or "the New hate mail."

It was also necessary to ensure that the French have the second or the fifth degree. "Some take it at face value.This is serious, but at least it makes us the pub, "laughs the owner of Arplay. "We would never have released this game if there was no crisis. But we preferred to laugh while being sure to send the message, "he concludes.

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Madrid ready to fly to the rescue of its banks

Monday, January 24th, 2011

This time, the Spanish government seems determined to take the bull by the horns. Having downplayed for months the difficulties that struggling fourth of its banking system, Madrid was ready to go to partly nationalize some savings if that became necessary.

This change of foot, compared with the soothing speech given so far by the Bank of Spain, due to the pressure put by the European Commission, and especially by the European Central Bank, which saw its funding boost for Spanish lenders. The aim is to avoid the scenario in Ireland. Late last year, Ireland's sick banks had to accept an aid of 85 billion euros.

The parallel is not trivial: whether in Ireland or Spain, the housing crisis is eating away at the balance sheet of credit institutions.To convince that the situation of Spanish savings banks has nothing to do with the Anglo Irish Bank and Allied Irish Banks others, Madrid will beef up its rescue plan. In particular, the Spanish government plans to encourage "cajas" to open their capital to investors through a possible initial public offering to cover their capital needs. If it proved impossible to attract foreign capital, the Fund for orderly restructuring of banks (FROB) is willing to "take a stake on a temporary basis." The formula, however, does not fool anyone: at this stage, investors are not lining up. The fund JC Flowers, specializes in turning financial institutions, chose to abandon an investment project.

The warning from Fitch

Much work has been restructuring operations in recent months.Under the leadership of the Bank of Spain, the cajas have started a consolidation which has limited their number from 45 in 2009-17. "This screening technique reduces the grip of local governments," says an expert. Operational side, the savings will have to close between 20 and 25% of their agencies and reduce their workforce by 15% on average.

During this first phase of restructuring, Frob has injected 11.6 billion euros of capital into new entities. Remains to be seen how many are missing. While the Wall Street Journal had an invoice raised from 30 to 80 billion euros, Elena Salgado, Minister of Finance, said the reality was "very far" from those amounts. UK broker Evolution him, amounted to 142 billion, 83 billion for the cajas, impairment losses on future loans to developers and other SMEs whose activities are often related to construction.Even Bankinter – which Crédit Agricole owns 20% – which has little exposure to real estate professionals, has seen its profits plunge last year.

Madrid, ultimately, has promised more transparency with the publication by the end of real estate commitments. The government will decide there and then create an entity – a "bad bank" – to use the impaired assets, as in Ireland? Everything seems still open. The rating agency Fitch has called for its part, yesterday Spain to establish a "credible bank restructuring plan," while stressing that the country score, which has a stable outlook, could be lowered if the recapitalization cost more than expected.

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The government calls for a boycott of PSA and Renault Molex

Thursday, October 28th, 2010

The Government will he fold Molex? The Industry Minister Christian Estrosi done up a notch on Wednesday the pressure on the American automotive supplier, in order that he pay the full social commitment after the October 2009 closure of its plant Villemur-sur-Tarn, Haute-Garonne. Implementing brandished the threat last week, Christian Estrosi asked automakers PSA and Renault – two important clients of Molex – to cease all trade with the U.S. company.

Since 188 of the 283 employees of the site Villemur-sur-Tarn began proceedings against Molex Industrial Tribunals, the OEM has indeed implemented countermeasures.In particular, he stopped the payment of compensation for the reclassification of 19 employees laid off a little later than others, and the financing of the redeployment unit accompanying redundancies in their job search.The shortfall for employees is evaluated by a CGT, Denis Parise, more than four million.

Molex releases record profits

"How can we despise all the commitments that were made, do not follow a backup plan in employment that was negotiated with the government, with employees and employee representatives Molex?" Was upset Estrosi on Wednesday, leaving the cabinet.

"The reaction Christan Estrosi leaving the cabinet:

More info on video itélé.fr

An attitude that seems all the more shocking that Molex has released financial results on Wednesday overwhelmingly positive. "The income and earnings per share reached a record high in September," said CEO Martin Slark in a statement.These performances will include the U.S. group to pay dividends up over 14% to its shareholders.

The economic threat, begins after the legal

Payments of compensation to employees injured Villemur-sur-Tarn will nevertheless insured. Last Thursday, Estrosi had in fact already committed to pay the sums due from Molex. "The reclassification will be paid leave in late October or early November," supported by the Association of Wage guarantees, "he promised. But the French government does not allow Molex, whose behavior "does not conform to French law," get away so easily.

Before wielding the threat posed by the economic potential of trade off between Molex, PSA and Renault, Christian Estrosi had already announced that the state would support an action for damages against Molex in court.A procedure in which the stewards but deplore the slowness, inefficiency and fear.

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The ounce of gold at U.S. $ 1274.95, never seen!

Wednesday, September 15th, 2010

Gold has established a new record Tuesday, surpassing the 1270 dollars an ounce after gaining 25% in one year, boosted by markets that desperate to get down to the shelter of uncertainty about the reality the global economic recovery.

At 1430 GMT, the price of an ounce of gold reached 1,271.35 dollars, smashing five dollars more than its previous record of 1265.30 dollars, dating from June 21 A few hours later, the yellow metal reached a new record level at 15:50 GMT, an ounce of gold was quoted 1274.95 dollars, ten dollars more than its high in June

On September 14, 2009, an ounce of gold stood at 1009.10 dollars. Hence an increase of over 25%, a performance to rival stock markets in the sentence. In Paris, the CAC shows since the beginning of the year delay of 4.11%. In New York, the Dow Jones rose a little more than 1%.

Since late August, the price of gold had come close several times to his record of 1265 dollars. On Tuesday, he saw his rise accelerated after opening slightly lower on Wall Street.

Access weakness of the dollar

The sudden jump of gold seemed partly irrational, no new economic indicator or information to create panic have been published. Analysts said this record only serves to highlight the continuing concerns of investors about the state of the global and U.S. economy, continuing to promote the assets deemed safer. "The economic uncertainty continue to haunt the investment community.Fighting against this trend, it's like blowing against the wind, "explained Andrey Kryuchenkov, analyst at VTB Capital.

James Moore of BaseMetals.com, for his part noted the importance of gold purchases "associated with speculative investments" in such an environment betting on further increases in the price of gold.

The gold price was also driven by a renewed weakness of the dollar, likely to encourage purchases of dollar-denominated gold for investors provided with other currencies.Another explanation: the announcement Friday from the purchase of 10 tons of gold by the central bank of Bangladesh in the International Monetary Fund (IMF).

Money also well oriented

In the aftermath, investors increased their exposure on all precious metals, noted analystes.Le the price of silver, who played last week above $ 20 an ounce, has climbed Tuesday 20.41 dollars, its highest since March 2008.

For most observers, gold is likely to continue rising because of conflicting data that continue to flow on the global economy, and sustained demand from the jewelry sector, particularly in India."Fears about the state of the global recovery and interest rates still very low, continue to create an environment favorable to gold," says Suki Cooper at Barclays Capital, also noting that "physical demand should provide increasing support and strong prices.

Some believe that the price of gold should reach or exceed by the end of the level of 1300 dollars. "I think we can easily see gold prices rise comfortably above the 1,300 dollars before the year was ending," Philip Klapwijk has estimated, president of consulting firm GFMS in a report presenting the annual outlook Revised London firm."We probably observe a movement of profit taking as we approach the New Year, but in no case should be seen as a sign that the party is over: the gold is expected to grow further in 2011, the question arises not even, "says Philip Klapwijk.

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Tax loopholes: Baroin not affect donations

Tuesday, September 14th, 2010

Nicolas Sarkozy has decided: the loopholes in the tax on the donation will not suffer the "movement of the plane" of 10% on tax loopholes announced this summer, "said budget minister Baroin on Tuesday morning on RTL. "We will not touch donations", first "because it is a bond of social policy" and also because "there is no return on investment" for the donor, the minister said.

In short, "the gift is not exactly a tax shelter," the government said. If the option to plane also had a niche that time was considered during the summer, "it is no longer" and "donations remain in a level of taxation as is the case at current.This niche is particularly widely used by persons subject to the ISF, and represents a shortfall of 960 million euros for state coffers.

Last week, Baroin also announced that the devices affecting public fragile would not be affected by deficit reduction. In particular, the tax credit for the employment of an employee at home will remain intact, "because it creates jobs" no fax payday loan. But it is indeed total 10 billion euros will be saved on the backs of tax loopholes, including $ 500 million via a general measure on twenty niches.

A public deficit of less than 8% in 2010

Also on RTL Baroin also optimistic about the ability of France to reduce its deficit in 2010: "We will be below the 8% forecast," he said.

The good growth in the second quarter had already allowed the government to revalue upward its growth outlook for 2010, 1.5% growth against 1.4% previously. More good news announced by the ACOSS last week's payroll grew by 1.4% in the second quarter. A pleasant surprise that would allow Social Security to garner 3.5 billion revenue this year.

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