New stage in the European debt crisis, and new Franco-German opposition. While European banks are under attack by the markets, in turn infected by the debt crisis, the solutions to help them divide France and Germany. To resolve this dispute, the German Chancellor Angela Merkel in Berlin on Sunday invited French President Nicolas Sarkozy.
Paris wants the relief mechanism of the European Union, the European Financial Stability (EFSF) to recapitalize banks. Powered by the 17 countries of the euro area (except those receiving assistance such as Greece, Portugal and Ireland), the EFSF will see its powers expanded by the end of October.
According to Handelsblatt, Paris calls for the widest possible interpretation of the new European instruments: the buyback of indebted countries, designed to calm the markets, and the granting of funds to states to recapitalize banks. The German government, whose latitude is narrower because of the great power of Parliament, fiercely opposed to this "laissez-faire," according to the German newspaper. First contributor to EFSF, Germany would find itself more to the de facto finance a large part of the recapitalization of French banks …
Roles reversed
For this new act of the debt crisis, the roles are reversed this time. France has always, until now, prompted Germany to act. But now, if Paris believes that the recapitalization of banks is not a priority, we think differently in Berlin paydayloans.Thursday, Angela Merkel has stated that it "should not hesitate" to bail out institutions. However, she said, public support should be used rarely if institutions fail to build on their own, for example by increasing their capital. The European Central Bank has sent the same message.
France, it has recognized the need to help the sector than lip service in recent days. "It will take more capital for banks," says one source close to the now government. It's the only concession made by France: it will take ultimately recapitalize institutions, not because they need is to restore investor confidence.French banks are most exposed in Europe to default risk in Greece or Italy.
Pre-aid to Greece
In this context, urges Germany, a strengthening of European banks is a preliminary step to a new rescue Greece, which should go through a deep discount debt securities of the country (advocated by Berlin). Clearly, the eurozone banks should agree to relieve Athens by abandoning much of their claims. Result, they should wipe heavy losses. Not to sink the stock market, they can not solve it without having increased their capital.
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After the 2010 reform, pensions should not be a real issue this year in the budget of the social security system. In fact, the main novelty of this result to come Woerth reform: the legal age will increase to 60 years and 8 months for those born in 1952. The other change was as expected since it corresponds to Nicolas Sarkozy's commitment to increase the "small pensions" by 25% during his five-year term: this will be done on April 1, with a final increase of 4.7 % of the minimum pension for single people.
But Thursday, François Fillon has caused confusion. Referring to the economic convergence between France and Germany, he said that things were moving in the field of corporate tax.He added: "It will take time to go to a joint work towards a common retirement age, to a gradual convergence of economic and social organization of our two countries." But the retirement age with full pension, except for long careers, will be increased to 67 years across the Rhine by 2029.
"Target needed '
Trial balloon of "Fillon-the-discipline"? Clumsiness (this passage was the only improvised his speech)? Applies to defuse his entourage: "Convergence is a general purpose necessary to maintain the competitiveness of France. The recent pension reform is an element of social convergence, and the government does not intend to go beyond in the coming months, "says an adviser.And up, tongue-in-cheek, that the barrier of 67 years had not been mentioned, and that convergence might as well be on "our" 62 years …
In fact, it would be difficult for the Prime Minister to explain that further reform is needed, a year after he hammered the previous balance the books. But in the midst of primary socialist and the day of the budget of the social security, his statement could hardly go unnoticed. For François Hollande, Fillon "revealed the program of Nicolas Sarkozy" in 2012. Segolene Royal accused her of "not being honest", the systems are so different that any comparison between the 67-year German and French 62 years is risky.Exact to the point that Valerie Pécresse also used the argument to play the controversy, noting that the retirement age without financial penalty for people without all their quarters of contribution, would be increased from 2023 in France … in 67 years.
These subtleties have also pushed Martine Aubry to say that the Prime Minister does "not know the subject" and "has a problem with the actual figures." What afoul of Xavier Bertrand: "She would have done better to remain silent. If there is one subject on which the PS has done nothing, other reports and reports of decisions, it's pensions, "responded the Minister of Labour.
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French clubs have bought more than they have spent. While the transfer market closed Wednesday, the financial statement of the summer transfer window is negative. This is not necessarily good news as the financial fair play (as imposed by UEFA to force European football clubs not to spend money they do not have) is on the horizon . According to the website TransferMarkt, French clubs in Ligue 1 has purchased more than 151 million euros during the transfer window and spent 191 million. A shortfall of 40 million. Last year at this time, the elite of French football had posted a profit of 57.67 million euros.
This difference of 97 million euros or less corresponds to that between purchases and sales made this summer by the PSG.Great animator of the transfer window was the Parisian club, now under Qatari clubhouse, has in fact spent more than $ 86 million to acquire new recruits, and he sold joureurs for 2.8 million euros. The Parisian club comes in second place teams with the most purchased during this transfer window behind Manchester City (92.25 million euros), owned by Sheikh Mansour, and ahead of Juventus Turin (85,750,000). By comparison, Lille, Marseille and Lyon, all three involved in the Champions League this season, spent 15 million respectively, 11 million and 5 million this summer.
For the record, the Argentine midfielder Javier Pastore, who came to PSG for 42 million euros, is single-handedly double the total of the purchases by clubs in Ligue 1 last year (21.7 million).The capital club up five players in the top "ten" of the biggest transfers of the summer transfer window.
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The conditions of access to work in France harden for foreigners. The government on Friday, via a decree in the Official Journal, the new list of professions "in tension" open to foreigners. Co-signed by the Ministries of Labour and Interior, the list was reduced to fourteen families of occupations accessible to non-EU nationals against thirty previously.
The list, created in January 2008, was to open the French labor market to foreigners to fill staff shortages in certain sectors. Today, more than half of these jobs are no longer considered "in tension". In other words, it is not as difficult to find candidates for these jobs on the labor market hexagonal.
The new list excludes primarily the building trades and public works (BTP) and information technology.Go, among others, site managers and foremen as well as computer experts or study. The order, however, still mentions the need to appeal to foreign labor in the manufacture of wooden furniture and glass processing. The trades of carpentry will indeed take advantage of this opportunity in terms of recruitment, because the shortage of skilled labor is still very important. The e-consultancy and telesales, especially shunned by job seekers French, are also turned outward. Even if the division by two of this list is intended to reduce labor migration, it is not the only means of obtaining a work permit in France. Agreements exist with countries outside the European Union.The United States, Canada, Morocco, Tunisia or Senegal, are seeing their nationals allowed to apply for hundreds of jobs in France.
Train job seekers
Trade unions and the opposition reacted strongly to its publication on Friday. They keep in memory the promises made last April by Xavier Bertrand, who said he wanted to "train job seekers for these positions" in order to respond to high unemployment. Shortly before the publication of the order, the PS national secretary for Employment, Alain Vidal, had pressed the point home. This measure is "the straw target of legal immigration to forget the ocean of mass unemployment."He said that "legal immigration is now only 20,000 people a year, while France has 4 million people registered at employment center," The CGT and CFDT, in turn, complain of not having been integrated in the development of the list and a simple return them by mail has been requested. Raymond Chauveau, coordinator of the CGT, is too restrictive and it is estimated that the state will not provide effective response to unemployment. "Despite the crisis, jobs in the construction industry have not diminished," he says before stating that legal immigration is necessary both in the labor market than to contain illegal immigration.Although it is not against to train job seekers to fill vacancies, he believes that "in some areas, working conditions are too hard and the wages too low to the French there engage. "
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Further escalation, that night, in the war between the elected officials for several months Republicans and Democrats in the U.S. to find a solution to the need to reduce the U.S. budget deficit. Having failed to reach an agreement with Barack Obama, the chairman of the House of Representatives, Republican John Boehner, Friday slammed the door to negotiations with the president.
At issue this time, as the Republican's will vote Democratic president to make an additional $ 400 billion of tax increases. A demand unacceptable, according to Boehner, while the two sides had previously agreed to a ceiling of one trillion dollars in additional tax revenue.This Saturday, the threat of a default by August 2 of the world's largest economy has thus further increased.
Of default formally excluded
The President has convened several political leaders to an emergency meeting Saturday afternoon at the White House to try yet again to reach compromise. Both sides say they are confident of raising the debt ceiling (14.294 billion U.S. dollars), reached on May 16, but whether common ground had been reached on the amount of the uncapping. Barack Obama and John Boehner have ruled out a formal non-payment within 10 days.
But the talks still face the question of the amount of budget cuts and debt reduction.Republican side, John Boehner said that after the new clash, he preferred to look to the leaders of the Senate to find a "reasonable" on these issues. Which casts a big doubt about the outcome of negotiations Saturday with the president, which is called Boehner. Democratic side, Barack Obama is prepared to assume full political responsibility to raise the debt ceiling in order to unlock at least for a time, the status quo. "If that's all Congress can do, I will sign an increase in the ceiling to take us to 2013," the president said.
Obama recalled that he had proposed to the Republican's $ 1.65 trillion spending cuts various offers an "extraordinarily fair" said the president.But still not enough for John Boehner, who accuses the president's inability to take "tough decisions" on reducing public spending. Boehmer wishes to bring to the 3 trillion budget savings over 10 years.
Time-critical
The time to find common ground is critical. The readiness of Barack Obama to convene a further meeting this Saturday is a sign that the U.S. president does not want to wait until the deadline of August 2 to reach an agreement. "We have more time in front of us," he said.
Recalling that Wall Street opened Monday, the president pointed to the impact on financial markets of such uncertainty. "Americans are outraged" by the inability of Congress to act, he said.This willingness to find a solution is also shared by the Republican camp, in which counsel highlighted the urgency of an agreement by Monday. What then leave both parties ten days to write a non-redundant legislation and get it validated by Congress.
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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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On the eve of closing the doors of the Salon du Bourget, a shadow could come tarnish the immense success of the European manufacturer Airbus at the time of high mass biannual aerospace. While the group has announced four days a new record of orders, with 72.2 billion worth of contracts garnered the announcement by China of a possible blockage of a contract for $ 3.8 billion ( 2.7 billion euros) for 10 A380 looks like a grain of sand from the well-oiled machine seize up.
At least, that understands the Financial Times on Saturday. Echoing the words of sources familiar with the matter, the newspaper said that Beijing had threatened "to undermine a deal worth billions of dollars for 10 Airbus super jumbos" in protest against the decision of the European Commission to include air transport system in the trading of CO2.This measure is to buy permits for each tonne of carbon emitted dioxin in European airspace, beyond a certain threshold. The Asian company Hong Kong Airlines was the official control of very large aircraft at the Paris Air Show. But the hardening of the Chinese position facing the European measure prevents the conclusion of the agreement, according to sources.
This disagreement does not allow to increase to 12 orders for A380 harvested at Le Bourget. Thursday, Airbus had reported a firm order for 10 A380, from an unidentified customer. According to one industry source, this command corresponds to that of Hong Kong Airlines. The counter for very large aircraft will remain blocked for the moment 2.
The case could also be amplified in the coming months. "These are not the only contracts held hostage by the Chinese.One on the A380 could be only the first, "explains the paper citing its source. Because the European manufacturer has other current contracts with the Middle Kingdom. Meanwhile, the Airbus management is counting on a visit to Berlin next week Chinese Prime Minister Wen Jiabao, to unblock the situation and conclude the contract.
"No plan B '
Beyond this contentious spot, the tour in Europe, China (Wen Jiabao arrived here Friday in Hungary, a country holding the rotating presidency of the European Union) should be an opportunity to address the underlying problem of quotas. A delicate matter, the European Commissioner for Climate Action, Connie Hedegaard has formally ruled out that the Chinese retaliatory measures have any impact on the measure, scheduled to take effect next January. "There is no plan B. Our position is very clear.We would not amend, "she said.
Faced with this inflexibility, Tom Enders, the boss of Airbus, for its part called on Europe to be flexible, saying the "madness of attracting reprisals" from a player as influential as the China. For the latter, comply with the requirements of the EU would entail, for the Chinese airlines, a surcharge of $ 126 million in 2012, according to data from the China Air Transport Association (CATA). This figure set to rise in coming years, when China's increasing its flights to Europe. In his struggle, China is also supported by the United States.
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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.
War is everyday, but at the end of the year you are doing the accounts … For eight years, the winner is Airbus, both in terms of shipments of orders at the expense of its rival Boeing. And every two years at Paris Air Show, the manufacturer makes Toulouse a point to increase the ads. Behind these record sales of a European officiating … American John Leahy. Who was responsible for marketing a small American manufacturer, Piper Aircraft, before becoming sales manager of Airbus North America in 1985 and Airbus in 1994. Here, in this country that looked very carefully built the planes in Toulouse, as Leahy made his debut and had his first successes, as with Northwest, he has persuaded to buy ten A320s and take an option on 90 others.One way to make him test this device.
"Persistence pays," he said today as he presides over the destinies of commercial Airbus for over seventeen years. In his office in Blagnac, the excitement as we approach the show is palpable and the boss's schedule is constantly changing.
Whenever the negotiations that lay ahead endure short, its secretariat change his schedule because John Leahy taking and never give an answer to everything. Hence the rumor that the staff of Boeing starts each week by asking, "Where is Leahy today?" The character is but little known in France as it is attached to Toulouse, where he moved with his wife and children, carefully taking away from the Parisian establishment."I'm not the boss of Air France or Renault, so I do not need that." This also allowed him to cross safely multiple turbulence in the management of Airbus. While recognizing today have been in an awkward position in 2006, when the great Franco-Prussian War at Airbus. Its longevity is admired Richard Branson, the Virgin boss, that Leahy had convinced to be equipped with Airbus business cards design. "If there were so few portraits of me is that I do not spend any time. To make a presentation of my products, I can run the world, not for an interview. Same problem with the French language, he admits.I could never bring myself because my days are busy. "
"The indefatigable American", as it is called in Toulouse
It is not impunity commercial director of Airbus, especially in an area where, for historical choice, English is the working language. This does not prevent Leahy to have a real commitment to our country. "France is an extraordinary country, he said, smiling. No other country has as many talk shows parade where specialists of all kinds. And I know of no other country where you can stay three hours at the table to talk about politics and culture. But it may be a good thing. Watch a plane, it's a mix of technology and aesthetics.Just shop around for a A380 to be amazed, as if before a masterpiece. "
When, in 1994, Jean Pierson, the symbolic head of Airbus, Leahy proposed to moving to Toulouse, the problem arose from an international school for their children. "They had six, 10 and 12 years and did not speak French, recalls John. Since then, Airbus has remedied the problem by creating one of the best schools are, thus facilitating the arrival in Toulouse of executives around the world. "
Up at dawn, some exercises just to keep an online endangered by the many business meals which his position involves and direction Blagnac driving his Mercedes hybrid. In his office, his two secretaries teams take turns. It is at the heart of Airbus strategy, where they prepare all purchase contracts.It is here mounted power the European manufacturer, which has managed in three decades to become the world's leading manufacturer of civil aircraft, ahead of rival Boeing.
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".
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