Referring to the weight of the wage bill in fixed costs, the group finance director Frederic Saint-Geours first held Wednesday morning "quite likely" impact "on all the numbers," which amounted to 205,400 employees .After a communication to the dropper, the European group committee has finally unveiled the effectiveness of some of these job cuts: 3,500 jobs will therefore disappear in Europe in 2012, including 2500 in structure functions (such as trade and marketing) and 1000 in production. In addition, some 2,500 jobs will be removed from the external service providers.

To this must be added the loss of 800 jobs for temporary workers in France (where the group has 100,000 employees) by the end of 2011, according to a union source quoted by AFP. In this regard, Philippe Varin, Chief Executive of the manufacturer, will hold talks soon with Eric Besson, Minister of Industry.

The unions rebelling

The unions were quick to react to this.These cuts staff have "something outrageous" Bruno Lemerle storm, CGT delegate to the committee of the European Group, deplored the "working conditions already overburdened." And adds: "The financial situation of the company is good [and] there is no reason to go to job losses."

Player Figaro BFM

Two national radio stations also sentenced to a yellow card. Europe has a wide-open its branch in PS with a talk time of 152%. Even France Inter, a radio public service has been formally for giving a talk time of 129% in opposition.The strings are warned if they reoffend, they face penalties!

"A special alignment of planets"

Convened Monday to CSA, those responsible for these chains are prohibited. This imbalance is due to broad "a special alignment of planets" in the news.

The DSK affair hit the headlines all summer, in September, the Senate shifted to the left and the Socialist Party held its primary. Two of the primary debates were broadcast on news channels, i-TV September 28 and October 5 BFM TV. The gap has even peaked in late August. Thus, i-TV spent 28 hours at PS 40 in July and August against 11:46 for the majority bloc.

The UMP had warned. Franck Riester, the national secretary for communication of the UMP had according to Jean-Francois Cope sent a letter to the CSA two weeks ago.He asked to see the imbalance of talk time and draw the consequences.

"Today, the CSA has highlighted what we said for weeks without being heard," says one in the entourage of Jean-Francois Cope. "This case is an opportunity to reflect on the rules. We were surprised by the impact of primary socialist. But I refute the idea that we are a party line. Instead, we have an image of independence online pay day loans. If the UMP held a primary, we would have done the same coverage, "said Alain Weill, CEO of NextRadioTV, parent company of BFM TV.

Wednesday, Michel Boyon, the president of CSA, and Christine Kelly, one of its members, recalled that "respect for pluralism of time is a constitutional issue and not to derogate pretext of a strong current. " "The senatorial primary and PS were predictable.Chains would have anticipated. This is not the fault of having prevented, I have met on 1 July to talk about, and late August to warn them, "said Christine Kelly.

No compensation

The CSA, responsible for enforcing pluralism in the media, has even been tolerant. "The 50% of time is a floor. The CSA was prepared to accept reasonable overruns due to the news. We could tolerate a talk time of 70%, 80% or even 100% exceptional, "said Michel Boyon. He reminded the rule for newspapers for information, speaking time is counted in three months. After abuse from July to September, the counters were reset for the period 1 October to 31 December."There will be no compensation for the excesses of talk time recorded in the previous quarter," said Michel Boyon.

Dialogue and anticipate

The CSA refutes the idea that the rule of pluralism is inadequate to news channels. Proof: France Info has not been formally general as his cousin was the France Inter. But difficulties exist.

The news channels should repeat the same news in their 45 or 50 daily newspapers. And each time a Socialist head is much talk time counted.

"The rules exist and we must respect them. For the future, it will interact intelligently with the CSA and better anticipate, "says Catherine Nayl, Director of Information of the TF1 Group. "But this is not always easy. And the interview with the DSK JT 20 hours of TF1 September 18 was widely reported on JT LCI. "

A DONATION as a financing

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 …A strategy that offers the advantage of not "inflate" 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.

This approach has its drawbacks, however. "A coming of age, the child who has de facto full ownership, may sell at any time, even if the parents object," says Brillat Michel, director of engineering heritage of the EU Financial France. To "block any attempt inappropriate," 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.

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.

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) business card.Finally, give money in advance and not a property which you would already own, you can be exempt from land registration fee (0.715%).

SEND ACHETERET in a SCI

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 …). "In this configuration, the children, even adults, can not sell without your consent," 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.

Scellier Act: rent-to-child

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: "Placement: the French have confidence in real estate

Gilles Carrez also wants to restore rebates on real estate gains for second homes and rental investment flexcheck cash advance. The reduction would be 5% per year after five years in prison, resulting in a total exemption after 25 years. In its austerity plan, the government abolished the previous reductions (10% per year after five years). MP seeks action to offset the cost that would be generated by the new allowance of 5%.

All these measures are only proposals. They can not see the day that if affirmative vote of deputies and senators at the meeting.

Valerie PÉCRESSE – 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.

Do not you turn the austerity?

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.

How such a plan does not it weigh on growth?

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.

You announced a tax of 3% of earnings over 500,000 euros. Is this a level that you feel "extravagant"?

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.

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?

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.

Should we expect new measures in the draft budget law in 2012 that you will present at the end of September?

The measures are on the table. The debate will engage with parliamentarians. I will be attentive to their proposals.

With the plan that you announced and the path of deficit that results, do you still need a "golden rule"?

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 "golden rule" 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 "golden rule", the French Socialists isolate themselves from their European counterparts rather than inspiration.

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?

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.

On other European financial centers, the Footsie-100 from the London Stock Exchange 1.50% to 5632.57 loose points, the DAX 30 Frankfurt Stock Exchange lost 1.66% to 6684.24 points, the FTSE MIB the Milan Stock Exchange drops 2.43% to 16,852.90 points, the Ibex 35 of the Madrid Stock Exchange gives 0.90% to 9032 points, the PSI 20 of the Lisbon Stock Exchange was down 0.86% to 6569, 24 points.

Juncker meets with Italian Minister of Finance

The European sovereign debt and U.S. continue to weigh heavily on the trend. Yield spreads between bonds to ten years Spanish and Italian over German bonds widen.They stood at 402 basis points respectively (13 bps) and 386 basis points (12 bps). Italy and Spain are again under pressure from the markets fear a contagion of debt. Their governments are mobilizing to stem the panic even if Brussels has ruled out any discussion of a bailout for those countries. The Italian Finance Minister Giulio Tremonti talks in Luxembourg on Wednesday with the leader of the euro zone, Jean-Claude Juncker.

China increasingly perplexed vis-à-vis the dollar

Investors also remain worried about the strength of U.S. growth. And, although the Senate has ratified Tuesday the plan to raise the debt ceiling. Insufficient agreement by Moody's which could lower the rating of the country.The closing down sharply on Wall Street Tuesday night also confirms the markets in their choice to continue to withdraw.

China, for its part welcomed the adoption of very hard this plan. Beijing said it would continue to limit its dependence on the dollar, whereas the U.S. has failed to defuse "the bomb of debt." The rating agency Dagong China in the wake downgraded American. Wednesday morning, Asian stock markets, with the exception of Shanghai, changing all down sharply.

Eurozone: activity in services slows further

On the macroeconomic front, the growth of activity in the services sector continued to slow in July to register their slowest pace since March 2010. The PMI index reached 54.2 against 56.1 in June.

The same goes for the euro area and for Germany: the composite index stood at 52.5 against 56.3 respectively in June and 51.1 against 53.3 in June.

For the euro area, growth in manufacturing in July (10:00) and numbers of retail in June (11:00) are also scheduled.

In the U.S., investors will also pay attention to employment figures in the private sector in July (2:15 p.m.), the industrial orders in June (16 hours), the ISM services in the month July (16 hours) and weekly inventory of crude oil (16.30).

Bic flies, Societe Generale sinks

Air France-KLM: -2.40% to 7.64 euros

The airline plans to delays or cancellations of flights, from Paris, following a strike by technicians responsible for maintenance of its aircraft.

Total: -1.15% to 36.37 euros

The oil company and its CEO Christophe de Margerie were returned to correctional late July for "active corruption" in the investigation into the UN program "Oil against food" in Saddam Hussein's Iraq from 1996 to 2003 officials said a judicial source.

Danone: -0.54% to 49.24 euros

The dairy group has unveiled a proposed acquisition of 250 million euros in nutrition in India to expand into the Indian markets for infant nutrition and medical purposes.

Societe Generale: -5.41% to 30.74 euros

The bank chaired by Frédéric Oudéa posted net income down 31% to 747 million because of writedowns on loans Greek past.Greece forced Societe Generale has given up its goal of net profit of 6 billion euros in 2012.

Crédit Agricole: -2.38% to 7.80 euros

The bank said it had sold its commercial finance Eurofactor in Britain to GE Capital.

Suez Environnement: -0.48% to 12.52 euros

The group specializes in water management and waste released on Wednesday a net profit down 43% to 221 million euros in the first half. Suez Environnement, however, reaffirmed its financial targets for 2011-2013.

Bic: 3.89% to 63.89 euros

Bic raised its growth target for the division of pens, lighters and disposable razors, to "greater than 5%" against up to 5%.Instead, the group anticipates a decline of about 10% growth for its advertising and promotional products division against 5% previously.

Hermes: -1.77% to 239.30 euros

The Association for the Defence of Minority Shareholders (Adam) wonders why the saddle spends as much to buy back its own shares, whose price has reached a new record this week, said Tuesday its president Colette Neuville.

Renault: -2.01% to 34.65 euros, Peugeot: -4.02% to 23.3 euros

American manufacturers have announced their sales figures on Tuesday night. Chrysler reported a 20% increase in sales of new cars in the U.S. in July, while Ford saw its own increase by 9%.

Accor: -1.53% to 28.38 euros

Accor announced the signing of the sale of catering group Lenôtre Sodexo following the favorable opinion of the works councils of both groups.

After-hours trading, Vilmorin and Cegedim must publish their annual turnover for the first and second quarters respectively.

Another major proposal for the new budget: funding for the Common Agricultural Policy (CAP) would be frozen at their current level of 370 billion euros, the sources said.Taking into account inflation and the general evolution of European finance, this means that the share of the CAP in the budget of the European Union (EU) will naturally decrease.

Taken up by several Member States since the crisis, including Nicolas Sarkozy, the idea of ​​tax on financial transactions developed by the Nobel Prize in economics James Tobin is considered a credible solution to help poor countries fight against global climatique.Son rate should be moderate, at 0.05%.

"The EU as a first step"

Ten days ago, the Commission President José Manuel Barroso had already discussed the proposed tax on financial transactions in a letter to EU leaders. "The Commission completes its impact and present a formal legislative proposal after the summer," wrote José Manuel Barroso.

"Our analysis shows that there is a strong case to decide whether a tax in the financial sector in the EU as a first step," he said, assuring that the Commission will "in parallel, continue to work for a global agreement on a tax on financial transactions. "

Supported by the Franco-German Cup, the tax "Tobin" has been a joint proposal of the French Socialist Party and the German SPD in their respective parliaments.The resolution was adopted in mid-June by the French deputies but less successful in the Bundestag, where she was referred to committee.

According to the French deputies, the EU legislative proposal should include "a tax on all financial transactions of 0.05%", including all stock exchange transactions and non-stock, securities, bonds and derivatives, as well as all transactions in the foreign exchange market to the tax base and revenue allocation to each of the national budget. "

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But this morning, oil prices gave way to new ground. In New York, crude oil fell by 0.95% to 101.57 dollars a barrel in trading before the market opens.

Greece does not discuss additional assistance, sources said Tuesday Greek and European senior, denying a news report that suggested a new plan of 60 billion euros.This information has boosted European values ​​that are returned to the rise in the morning.

Caution should however remain appropriate. Investors will closely follow the issue in six months in Athens, amounting to 1.25 billion euros.

Market experts are also of IG also noted that the record number of Chinese exports in April could mean a new next monetary tightening by Beijing to prevent a runaway Chinese economy.

On the macroeconomic front, the U.S., investors will be watching in particular, import prices in April to be published shortly before the opening.

On the foreign exchange market, the euro was stable against the dollar on Tuesday.About 11:00 am in Paris, the euro was at 1.4365 dollars against 1.4358 late Monday.

The side of values

The mergers and acquisitions continue in the technology sector. Microsoft would be so close to a deal to buy the leading Internet telephony Skypepour $ 8.5 billion. That night, the Wall Street Journal said that Microsoft was willing to pay more than $ 7 billion. If the amount of over $ 7 billion were true, it would be one of the largest acquisitions in the history of Microsoft, the newspaper said.Nvidia announced the previous day, buying the company Icera, which makes chips for mobile phones and tablets for $ 367 million.

For its part, Google should launch a new online music service Tuesday, modeled on that of Amazon, reports the Wall Street Journal citing people familiar with the matter.

Still according to the Wall Street Journal, the U.S. oil giant ExxonMobil is in talks with Indonesian PT Pertamina, which could buy him for $ 3.5 billion share of 25% in an exploration project in Angola.

For its part, the IT group Hewlett-Packard (HP) announced Monday after the close of Wall Street, a new architecture designed for networking and Internet requirements, impinging directly on Cisco products.

The website YouTube video-sharing became owner, with a catalog of 6.000 films that U.S. Internet users can look through flow generally from 2.99 to 3.99 dollars per film.

Also note Activision Blizzard has reported earnings per share in the first quarter of $ 0.13 against $ 0.08 and an expected turnover of 755 million dollars against 663 million expected. For the full year, the videogame company expects a turnover of 3.95 billion dollars against 3.9 billion previously.

Fluor Corp. has announced new contracts in the first quarter of 2011 amounting to $ 3 billion in Australia with BHP Billiton to develop the mine Jimblebar.

Also note, Freescale, a specialist in semiconductors, Motorola's split in 2004, provides for an IPO. The company would raise more than $ 1 billion.The company has retained an indicative price range of 22 to 24 dollars per share according to a document filed with the SEC. The funds raised will be used to repay debt. The day before, the Internet social network LinkedIn has published the documents for its IPO. The company wishes to issue 7.84 million shares at a price between 32 and 35 dollars. The total investment amount and between 250 and 274 million dollars, more than $ 175 million proposed earlier this year. The total value of the group is close to 3 billion.

On a specific page on its website, the group says that the mines from which metals are extracted will be located "at opposite sides of the globe." This is actually mine Bingham Canyon, United States, and that of Oyu Tolgoi, Mongolia. The making of medals will be given to the prestigious British Royal Mint.

The group will not be his first time since he was chosen in 2002 for the Winter Olympics in Salt Lake City.In 2008 in Beijing, was his rival BHP Billiton's history who had played the role of official supplier of the committee.

Sponsor

For now, design and composition of the medals are still being studied, and the details should be finalized later this year. But the official recommendations of the IOC should not be very different from those issued to Beijing in 2008. 3 years ago, the Committee wishes such as for individual events, the gold is composed of at least 92.5% silver and 6 grams of pure gold. The silver medal was also to be composed of 92.5% pure silver. The three medals were to be 60 millimeters in diameter and 3 millimeters thick.

Rio Tinto could be asked to provide similar amounts of 9 kilos of gold, 9 silver and 4 tons of tons of copper.Olympic Winter Vancouvert 2010, the mining group, Teck had medals for 1000, delivered 2.05 kilograms of gold, 1950 kilograms of silver and 903 kilograms of copper.

At current prices, this represents almost 300,000 euros gold, some 30,000 euros copper and nearly 9 million of money. "They become sponsors. For them, the benefits in terms of image will be even more important, "says Patrick Schein, owner of Gold by Gold, an expert on gold.

No "golden fair in London

Like his colleagues in the Alliance for Responsible Mining (AMR), the owner of Gold by Gold also regrets that the Committee has preferred to entrust the entire supply of gold in giant Rio Tinto. With laFairtrade Labelling Organizations International (FLO), AMR defends indeed a fair gold label which "offers precious metal quality and respectful human social values."But "Rio Tinto is one of those big mining predators for a kilo of gold are 60% margin and pay 2% royalty to the State. They say they respect the principles of sustainable development but it is an image that they give themselves to be accepted by states and pension funds, "Patrick Schein annoyed.

FLO, which had contacted the Committee, had hoped that at least part of the gold medals are labeled, especially since the label, called Fairtrade & Fairmined, was officially launched in Britain in February . "It is the committee's choice. It is understandable because they have a budget to buckle. We may also launched the label too late for them. But they could play the game, "lamented Patrick Schein. Advocates of fair gold does not intend to stop there, however: "It may be next time.A major sporting event is an incredible opportunity for gold to shine just before more than 3 billion viewers. A great champion pulling a coin would symbolically labeled hard! One day we will get there, "says the boss of Gold by Gold.

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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.