Posted on 12/1/2011 at 4:50:11 PM
Nicolas Sarkozy said Thursday the Franco-German union deal with the unprecedented crisis hitting the euro, assuring the French that "control of their destiny" and their economic future depended primarily a Europe refounded.
In a speech of nearly an hour solemnly pronounced in Toulon, before some 5,000 people, the Head of State stressed that while "Europe has disappointed," the cure for "fear" of the French would draw its the most active principles in a reinforced European integration.
"Europe is no longer a choice. It is a necessity. But the crisis has revealed weaknesses and contradictions."On employment, there is no tried everything."
This is the only concrete measure put forward by the Head of State, who had chosen to be transformed into teacher if to emphasize the gravity of the moment.
At five months of the presidential election, the president candidate has not yet returned voluntarism election of 2007, posing as protector and leader in charge who "speaks the truth" in heavy weather captain able to travel to France " control of his destiny. "
Accused by the left to campaign without saying, Nicolas Sarkozy has punctuated his speech to criticism against his opponents in denouncing socialists and environmentalists including the renunciation of nuclear energy and "fault" that would be the elimination of the veto of the France in the Security Council of the UN.
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Posted on 11/29/2011 at 10:45:07 PM
Wall Street struggled to find direction in early trade Tuesday after its sharp rise the day before that, it seems, at the same time limited the upside potential of the Exchange.
Then she seems to focus more clearly on the rise.
A support element is the fact that Italy managed to raise an amount close to its target at an auction of debt, even if yields served reached new records.
Less favorable rating is the statistical properties of the day. Prices of detached houses fell in September, a sign that the U.S. housing market remains very fragile, as the S & P / Case-Shiller released Tuesday.
Bad news also came across the front of the new companies.
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Posted on 11/28/2011 at 11:05:36 AM
The priorities of employment center for three years will be "building" and "customizing service delivery" to the unemployed. Jean Basseri, current director of the IGF, will succeed Christian Charpy Friday. Agency employment center in Nice
Three years after its creation, employment center addresses a new phase this week with the presentation to the board of a roadmap for 2012-2014 and a new director, Jean Basseri, current head of the General Inspectorate of Finance. Monday the office of the Unedic validated the new specifications for public service employment before the Board of Directors of employment center Friday.
It's also Friday the candidacy of Jean Basseri will be submitted for approval to the Board. It will then be forwarded to the ad hoc committees of the National Assembly and Senate.Baasères Jean, 51, should succeed Christian Charpy, the architect of the merger-Assedic ANPE, whose term ends.
The outline of the agreement negotiated by the state, Unedic and employment center set three priorities for employment center. The first is a "customize the service offering," with an accompaniment as needed, very different from a job seeker to another. The second key word is decentralization – after the first phase of three years and asked the other hand "a tight control" – to give more autonomy to public service employment by the employment areas. The third component will be to continue the "rationalization" and "resource optimization" due to the merger of the ANPE, which accompanied the unemployed, and Assedic, which provided compensation.
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Posted on 11/17/2011 at 8:45:09 AM
Nearly 100% of GDP of the United States. The President of the United States Barack Obama
The debt of the U.S. Federal State exceeds 15,000 billion since Tuesday, according to figures released Wednesday by the Treasury Department. It reached that day 15,033.6 billion at the close of daily counts of the Treasury, or 55.8 billion more than the previous day, the ministry said. This corresponds to 99% of U.S. GDP expected by the White House for all of 2011.
The crossing to higher threshold of 15,000 billion took place while the Joint Commission of Congress to reduce the budget deficit barely reach an agreement that would define budgetary savings of at least 1200 billion cumulative ten years.Failing agreement by November 23, the law provides for the automatic implementation, from 2013, cuts in government spending by a total of 1.200 billion over ten years, divided equally between defense spending and the remaining costs.
The U.S. public debt had reached upwards of 10,000 Cape billion in September 2008. Since then, the United States earn 1,000 billion additional debt every seven and a half months on average. In its latest "Public Finance Monitor" published in September, the International Monetary Fund (IMF) estimates that public debt of the United States is expected to reach 100% of GDP at the end of the year, 105% in 2012, and continue to move up to 115% in 2016.
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Posted on 11/15/2011 at 8:10:09 PM
French growth rose 0.4% in the third quarter, but this recovery is only temporary. The fragile situation of companies will weigh on the end of the year. Frames arrive at the French business district of La Défense
France is already stopped and the recession plane on the French economy, even if the activity was better than expected in third quarter (+0.4%) thanks to buoyant domestic demand for three quarters and exports for the remaining quarter, the impact of inventory is zero, and even if the carry-over at year end will exceed 1%.
Car manufacturers are still very worried. While the order books are empty, inventories continue to rise. Capital goods, metals and chemicals are the most affected by the weak environment. In free fall since the spring, the business climate in services is difficult to stabilize.And it will not work out: the now stagnating employment in France, with net job creation almost nil in the third quarter, with no prospect of improvement in the labor market in the coming weeks, according to economists.
Downward pressure on prices and wages
In this context, the incentives to invest are obviously weak. First, because the conditions of bank loans are becoming more stringent. On the other hand, because the request to industry, both in the Hexagon and abroad, fell in the third quarter and should continue to deteriorate.
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Posted on 11/14/2011 at 7:40:28 AM
Safran said Monday that its subsidiary, Hispano-Suiza was selected by the Brazilian aircraft manufacturer Embraer for the electrical system of the future military transport aircraft KC-390.
The contract covering the supply of the electrical distribution system and electrical integration of the device was not disclosed.
"This selection is the third collaboration of the program Safran KC-390, having been selected to provide landing systems and systems for emergency power generation," recalls Gerald Farrenc, vice president for programs in Brazil Safran, in a statement.
At 9:10, the action of Safran gaining 0.3% while the CAC 40 0.6% advance.
Posted on 11/5/2011 at 10:45:10 AM
The mining giant Anglo American is preparing to take up to 85% its stake in De Beers diamond group by buying from the Oppenheimer family for $ 5.1 billion (3.7 billion euros), which pushed up its stock exchange.
The agreement puts an end to old ties of nearly a century between the Oppenheimer family and De Beers.
Posted on 10/31/2011 at 11:50:41 AM
European markets retreated Monday in mid-session, including sealed by mining stocks after an intervention by Japan on the foreign exchange market to counter the soaring yen, which had the effect of strengthening the dollar against other currencies .
Investors also expect to have more details on the plan to end the crisis announced last week by the euro area to contain the crisis of a debt, and while it resembles the G20 summit, scheduled for 3 and 4 November in Cannes.
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Posted on 10/28/2011 at 9:10:06 PM
After eight years as President of the ECB, Jean-Claude Trichet is bowing. In the chorus of praise that welcomes its balance sheet, dissenting voices are heard. In pictures, their views on the action of the defender of the euro.
Posted on 10/27/2011 at 7:10:08 AM
The operating profit of Volkswagen of nine months rose 86% to 8.97 billion euros, with a rate of double-digit growth in sales and a gain related to the merger with Porsche.
Shipments rose 14.1% to 6.17 million vehicles, the double-digit growth for "almost all regions," said Volkswagen, without detailing the sales figures by geographic area.
Sales for the nine months jumped 26% to 116.3 billion euros, against 92.54 billion a year earlier.
Net income for its more than tripled to 13.64 billion euros.
These results contrast sharply with those of other European manufacturers.The slowdown in car sales on the Old Continent has already forced the French to eliminate 6,000 jobs PSA.
Volkswagen conceded that its results were greatly helped by an exceptional capital gain of EUR 6.8 billion related to the merger with Porsche.
The first European manufacturer has no sales or detailed results for the third quarter alone.
The consensus of analysts polled by Reuters expected a operating profit of 2.61 billion euros over the period July-August-September.
The action jumps from 6.5% in late morning.
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