Unions are in shock. When questioned by the free newspaper Metro, an employee of France Telecom, Louisa Amara, has been very complimentary on the social climate of the group. Having worked, according to France Telecom, for ten years as part-time call center – a function that the young woman does not specify in his LinkedIn profile – Louisa Amara joined for six months external communication of the company. A service headed by Christine Albanel, former Minister of Culture and Communication from May 2007 to June 2009. "This is a manipulation, says Sebastien Crozier, who was elected to the CFC CFE / UNSA. We demand the resignation of Christine Albanel. "
In the interview published last Monday, Louisa Amara said the group "no longer in the gloomy atmosphere that we knew. Over the past year, there is a much more active listening. "She also mentioned a greater "tolerance" for delays "especially for young mothers." A speech that contrasts with recent events in the group. Two months ago, an employee of France Telecom, age 57, ended his life in sacrifice. A new suicide was added to the fifties when the group faced between 2008 and 2010.
The group's management said it regretted "the confusion created by this testimony," but insists that the reporter from the Metro "was of course very clearly warned before the interview of the new features that Louisa has held for six months." He added: "It makes perfectly good testimony." On the side of the newspaper, it denies having intentionally caused discomfort.For everyday, it's "absolutely unintentional error, omission, and at no time did we say it is currently used within the call center."
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Baroin, the new Minister of Economy and Finance, has settled into the chair Thursday's sixth stage of Bercy, vacated by Christine Lagarde, to just under ten months. Ten months during which the presidential campaign in full swing. "In the job, there is an important part of teaching to do with the French on the reforms that have been made over the past four years at Bercy," said a relative of the head of state. Some have indeed been misunderstood – the tax shield has paid the price, others are little known because relatively techniques (such as business tax transformed into territorial economic contribution), some are finally gone unnoticed.
During this period, the records of funds will not be stored in the bottom drawers. The international situation will not leave any breathing space to the new minister.On Sunday takes place in Brussels for an emergency meeting of the Eurogroup to draw the contours of the second plan to provide budget support to Greece. If Baroin, as a former budget minister, has over the fingertips mechanics of public finances, it must now delve into the workings of international finance and meet his European counterparts to earn their trust . The task is difficult. Not only, as he jokes about himself, Baroin limited English proficiency, but more importantly, the aura of Christine Lagarde to the European ministers was such that his replacement will be hard pressed to eclipse. With a perspective view of the presidency of the G20 Finance in October.
Domestically, the schedule looks less busy.The major issues are already tied up (the stimulus of post-crisis reform of the ISF, the consumer credit, the research tax credit, business tax, etc.).. In addition to preparing the macroeconomic framework of the Finance Act 2012 which will be presented in September, is perhaps to give to the operation of the flat state as an owner … "Although the case of Renault now seems settled, President is still far from satisfied with the way some public enterprises are managed, "said a senior official.
Play it safe
Her replacement at the Department of Budget, Valérie Pécresse, for its part will continue efforts to straighten the path of public finances. The public debt increased by 54.9 billion euros in the first quarter, Insee said on Thursday, reaching the end of March 1 646 100 000 000, or 84.5% of GDP.Thursday, the new minister has promised to "stay the course". "These are decisive hours, the European economy is now scrutinized by foreign observers and the voice of France will be more heard that the state will keep its promises," she said.
No question therefore relieve pressure on public spending. The reform of the state, and its corollary, the non-replacement of an official two retiring, will continue. Indeed, Valérie Pécresse arrives at Bercy while the expenditure side of the Budget 2012 has already been decided. 30 401 jobs will be cut and the envelopes of the ministries will fall from 0.11%.
However, the revenue side remains to be determined. France has pledged in Brussels to raise 3 billion specimens in 2012.In addition, many public finance experts parliamentarians, as Gilles Carrez, the UMP rapporteur of the Budget, to play advocate caution, cutting up to 6 billion in tax loopholes. The growth figures for the second quarter, known mid-August, will see more clearly and to decide the extent of the effort to do.
On Thursday, Valerie Pécresse was intended optimistic: "The growth is there and we will, hopefully, additional revenue allows us to be ahead of the planning law." A law which aims to reduce the public deficit 4.6% of GDP in 2012 and 3% in 2013.
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The High Council of Audiovisual (CSA) has been patient, but he ended up pinning Direct Star, the chain of TNT acquired by Bolloré Media group Lagardere there just one year. The regulator has just sent a warning to the chain of free DTT Bolloré group has not met its obligations for the dissemination of European audiovisual and cinematographic works. The CSA, which has authorized the repurchase of the chain, was particularly careful to respect the commitments taken by the Bolloré Group.
Partner of major concerts
Christophe Sabot, the general manager of Star Direct chain, far from denying the allegations, said to "understand the position of the CSA." He explained that "since the purchase of the chain group Lagardere, a year ago, we intended to focus the antenna on the music and entertainment.The first step was to lock stocks Lagardère programs which were those of a minigénéraliste. Then, we needed time to find a new model and ask Direct Star on course. " A year ago, the chain then called Virgin 17 gathered 0.8% of the national audience. Today, its audience share increased to 1.2% in May, according to Médiamétrie.
Christophe Sabot today promised an overhaul of the grid to clarify the editorial. Direct Star is definitely a music channel, leaving a great place to live."We launched a tender to award six times for 90 minutes of music in 2012 and we have just signed with the four largest summer festivals – MainSquare the Eurockéennes the Old Ploughs and Musilac – for broadcasts direct. "
Direct Star, with a budget of fifteen million euros and should, as from September, increasing its funding, also will broadcast the upcoming July 14 concert giant SOS Racisme. "We will be under the Eiffel Tower to co-produce and broadcast the concert," says Christophe Sabot. For him, "no really direct competitor in this market music channels opens up new possibilities especially in the digital age since the chain is also present on digital since its inception as through its website as shelves, iPhone and social networks, "he says.
The government is intensifying the fight against fraud. That was the message you want to pass the budget minister, Baroin on Wednesday by making public the figures for abuse detected in 2010. In total, the state services deplored the loss of 3.4 billion euros, all public finance fraud combined.
In detail, it is tax evasion which, with 2.4 billion euros detected, most of the losses in 2010 deplored. Fraud in Social Security is in turn a much smaller portion (about 15%), the order of 458 million euros. A figure which Labour Minister Xavier Bertrand had already communicated, at the beginning, before the members of the evaluation mission and control of Social Security.
Progress remains to be done
'Significant results' achieved through improved quality controls, s'estfélicité Baroin. The mobilization of officers of this struggle, better coordination of actors and especially being able to pass files between different services (Banks primary health insurance, employment center, the family allowance), allowed, according to the minister, to detect even more abuse personal loan for poor credit.
It was on this last point that Baroin wishes to focus the efforts of the administration. "It's obviously in the field of the crossing of files that we want to progress. [We are moving towards] a centralized payment incidents or signs of fraud, "he advised. The aim is that such fraudsters once reported to be more regularly monitored.
Labour Minister, Xavier Bertrand, had already begun to turn in April last tougher penalties for fraudsters who abuse the social security system. "You have to apply and increase the existing penalties," he had tried to stop the "theft of the French."
However, progress is at hand. Members of the evaluation mission and control of Social Security in outline in the report they just make it public. According to their estimates, social security fraud would actually alone 10-20000000000 euros, of which three-quarters come from black labor. A figure that is breathtaking, when compared to the deficit of social security in 2011, estimated by the government 21 billion euros.
Some are outraged, others consider the decision expected and logical, while several players see it as a failure of government bias in favor of the atom. The non-renewal of Anne Lauvergeon as Chairman of the Management Board of Areva has raised many reactions from all sides on Friday morning. Ousted the group public on Thursday, the former boss of the nuclear group, which will be received by Nicolas Sarkozy on Monday, played the card of appeasement. Hope that the handover "takes place in the best conditions," "Atomic Anne," as it's known in Areva, has called on all employees of the group "to continue their work."
Nothing to calm the PS, which is firing on all cylinders against the decision short term personal loans. Like Jean-Marie Le Guen, socialist deputy of Paris, for which the layoff is proof again that Nicolas Sarkozy "in a month to think any permit."This close to Dominique Strauss-Kahn believes that the president hopes to avoid "people who have a failure to defend a design independent of the management of a state enterprise." Same arguments for Ségolène Royal. The microphone of France Bleu Hérault, president of Poitou-Charentes hopes that this "dismissal" of an "exceptional woman" was not due to his "independent spirit".
The player is used by default in the articles of figaro.fr. maj5
The report is severe. A little more than three years after the law on public service employment, followed by the opening to the public in January 2009 employment center of the merger Assedic and ANPE, the Economic, Social and Environmental (EESC) provides an uncompromising assessment of the first two years of employment center.
The Assembly shall consider in particular still "very inadequate" coaching job seekers. "This reform has not yet produced the expected results," says the draft opinion to be discussed Tuesday and Wednesday by all members of the EESC."The mission of support for job seekers remains woefully inadequate and service companies could still be improved," says the document notes that the "small part" of jobs collected from businesses (around 17%).
But especially the draft opinion pins a system that "appears less effective" in Germany and the UK particularly in terms of re-employment of the unemployed. A number of commitments are not kept or displayed "inappropriate" as the period of four months between the registration of an applicant for employment center and the first follow-up interview monthly custom, the document said.
Unfinished
The authors acknowledge the context of "unfavorable" in which the work is reached "substantial" merger of ANPE and operational network of unemployment insurance, with the sharp deterioration in employment and a sharp rise in applicants .But they believe that the restructuring was "unprepared" and remains "incomplete." They also note that no impact has occurred prior to the reform, "designed as a potential source of savings" of management and, consequently, additional means for tracking job seekers. In fact, "the reorganization of networks" has even been "generating additional costs, including increased costs of operating real estate until 2015.
Limit the number of file per advisor
Among its 22 recommendations to "strengthen the public employment service", the notice calls for "significantly limit the size of the portfolio advisers of employment center" to further customize the service to applicants, to accentuate training provision and improve service for compensation.
For this, we must "increase the means of employment center," while "the disengagement of the state is undermining (its) fiscal autonomy" and "restoring governance, with more weight to the social partners. Users are not the only ones taken into account: the EESC also considers the difficulties caused by the reform for the personal employment center, including recommending to watch over the "psychosocial risk agents" and to reflect on the evolution of business.
(With AFP)
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"We resist '. That is what could be read on the sign of one of the protesters took to the streets of Athens on Saturday to protest against austerity measures additional adopted by the Greek government to clean up its public accounts. Responding to the call of the country's two main unions, GSEE (private sector employees) and ADEDY (public sector), the thousands of protesters denounced the identified "social barbarism" After the enhanced supervision of international institutions in their countries . "We oppose the government and the memorandum for these barbaric actions and antisocial," said Gregoris Kalominis, an official of ADEDY.In a joint statement released on the sidelines of the event, the two unions have called for "a different economic policy, with measures of development and social measures that preserve jobs and increase our social and economic rights."
A plea against the recent economic decisions imposed on Greece. Yesterday, the country has received the "troika" (European Central Bank, European Union and International Monetary Fund) the green light for the payment of this summer's fifth installment of the loan of 110 billion euros granted in 2010. But a green light conditioning to "accelerate fiscal and structural reforms in the country", which Moody's rates still at 50% the risk of default within five years. Enough to arouse the wrath of the unions.Indeed, George Papaconstantinou, the Greek finance minister, has already announced it is less than a month an austerity plan for 2011, about 6.4 billion euros.
Hardening of social climate on another front
After nine general strikes, mobilization has been moderate on Saturday. The demonstrators were mostly employees of the public power company PPC, port employees and teachers. An event that went smoothly. Nothing to do with the excesses seen in previous demonstrations.
Mobilization and social deterioration seems rather move on another front, the less supervised by trade unions or political parties. Already experienced in Spain, a spontaneous party Internet illustrates the ras-le-bol of the Greeks, that of "outrage".Now, they do not hesitate to take sides publicly in the political class and physically, according to them responsible of the current situation. For ten days, these "outraged" gather every evening on the Constitution Square, just before the Greek Parliament.
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The state last year paid 46.6 billion euros in pension pensions to former civil servants. 13% of its running costs! This amount is however lower by almost 1 billion forecast. Two explanations for this, says an "annual performance report" posted by the Department of Budget: lower inflation than expected, so a smaller pension increases, and fewer than expected new retirees.
Only 70,100 civil servants have retired last year, where an assumption of 77,800 was used. In 2009 already, the 68,000 starts recorded (after 81,000 in 2008 and 2009) were below projections. But a "behavior change" occurred in mid-2009 that Bercy attributed to three phenomena.First, the 2003 reform, which requires officials to work longer for a full pension (since 2008, they have validated many quarters that private sector employees: 40 years for those born in 1948, which term will gradually raised to 41 years and a quarter for those born in 1953 and after). Then the crisis, which could push workers to postpone their departure – those whose spouse or children working in the private sector therefore at risk of unemployment, can you imagine, for example. Finally, "pending categorical measures": the revaluations of this or that body have increased since the beginning of the quinquennium, under the promise of Nicolas Sarkozy to "give back" to staff the savings generated by the non-replacement one out of two.
The end of "ages cleavers"
The Superannuation is calculated on their six months salary, a "nudge" decided during this period may lead to a significant increase in pension, they will benefit throughout their retirement!
Ultimately, the age of retirement from 58 years and 8 months in 2004 to 59 years and 9 months and a half (he is 61 years and 7 months for private sector employees). This average excludes the disabled and mothers of three children, likely to leave at any age. However it covers the categories of "active" (firefighters, police officers, prison guards, air traffic controllers, who can go so far from 50 or 55 years), who quit work an average of 56 years and 7 months, and other agents who remain in office until almost 61 years. For the military, the departures were a little higher than expected (13,000 instead of 12,000).The average retirement age rises too, but since 2006 only: it is past 45 years and 3 months to 46 years and seven months last year.
Finally, another report indicates that the reform of special diets in late 2007, also produces its effects, especially at the station with the late "ages cleavers" causing a retreat setting automatically "only half of the agents SNCF able to retire in 2010 actually did. "
After the publication of very strong quarterly results from BNP Paribas, Societe Generale those are rather pale. If its rival unveiled figures sharply above expectations, Societe Generale is it worse than expected. In the first quarter, setting a net profit down by 14% to 916 million euros against a billion euros expected, where BNP Paribas announced the day before a net profit up 14.6% at 2 6 billion euros.
The origin of deception: an impairment on its debt not covered by analysts of 239 million euros. The bank said in a statement that this depreciation is due to the tightening of spreads, the difference between rates, credit observed on the first three months of the year.And the group says that without revaluation net profit amounted to 1.15 billion euros.
As for the net banking income, the equivalent of revenue for banks, he settled in the period, to 6.61 billion euros, representing a small increase of 0.6% revaluation of debts included .
Drop of profit from retail banking abroad
Other bad news, retail banking outside France recorded a drop of 61% of its profit to 44 billion euros pay day loans. The group explained that the financial performance of international networks result of "economic consequences of political turmoil experienced by Egypt, Tunisia and Cote d'Ivoire," the statement said.
The hotel also owns a subsidiary in Greece, the group Geniki. But a Greek debt restructuring, which is very often mentioned, would prejudice the Bank's accounts.Societe Generale did not comment on that. She however stressed that its creditworthiness has been further strengthened since its Tier 1 ratio, an indicator that measures the ability of banks to cope with a shock, 10.8%, up 0.3 points .
Regarding the outlook, the bank does not say in its statement if it maintained its goal of a net profit of six billion euros at end 2012.
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Curb or maintain monetary easing measures beyond 2011? The issue was at the heart of the debate at the meeting of the Monetary Policy Committee of the U.S. central bank (Fed) of 15 March. The subject was particularly divided members of the Monetary Policy Committee (FOMC).
According to the minutes of the meeting, released Tuesday, "a small number of participants indicated that economic conditions would justify a move towards a less accommodating this year." They argue in particular that the Fed should limit the quantitative easing program of $ 600 billion, if growth is more robust than expected or if inflation accelerates.
Conversely, the document adds that "a small number of other participants noted that ultra-accommodative monetary policy might be appropriate beyond 2011."
Inflation is a problem "temporary"
All agreed however that inflation was becoming a concern in the United States, even if the current surge in prices, driven by rising oil prices, did they believe that "temporary" payday advance low fees.
Immersed in hesitation, the leaders of the Fed have not made a final decision. "Given the uncertainty about the outlook for the economy, it was considered prudent to consider the possibility of exit strategy corresponding to different economic scenarios," says the document.Like the ECB, the Fed seems to move up next for interest rates: "Members agreed that the Committee continue to plan how to end the current monetary policy ultra-accommodative," said the account- record.
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