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From our special correspondent in Toulon

Spirit of Toulon, are you there? Pending the arrival of the president, we could see a backdrop composed of a large red white blue rectangle surrounded by two rings of gold stars, the emblem of Europe. One way to summarize the message of the President Thursday night: a France supreme in all European refounded. Thursday, Nicolas Sarkozy has said little about the rebuilding of capitalism, the first theme of the speech of Toulon in 2008. This is the rebuilding of Europe was in the spotlight. The head of state wanted to show that France will not return "control of his destiny" after the shock of the crisis, as the fight against deficits and European solidarity.

To reconnect with "trust" and to dispel the "fear", look "face the truth," Sarkozy warned payday loan lenders. This truth, he said, is that of a "new cycle".He reiterated the importance of principles such as non-replacement of an officer and two indicated that they could no longer keep "the same organization of our social protection", or the same "system of work sharing." He preferred to announce a "social summit" in January on these topics.

Allusions to presidential

Another word carefully avoided, that of "federalism." The purpose of the speech was well Toulon to reaffirm the principle of national sovereignty by avoiding the risk of isolation. "We will not control our destiny alone," hammered Nicolas Sarkozy.

A standard feature of life insurance quotes is a set of written terms and conditions which set out whether the policy being sought is a term policy or a permanent one.

Gran Via, Saturday afternoon, thousands of Madrid overflowing sidewalks to rob the shops in the center. Plaza Santa Ana customers compete tables for a drink and some tapas … According to a recent survey, 68% of Spaniards say they are happy despite the economic depression. The Spanish crisis is a strange crisis. Five million unemployed, a growing half-mast and a debt to the edge of the alert levels, but the fiesta continues. On the surface, anyway.

The costs of the crisis, in fact, are unevenly distributed. On the one hand, those who retain their jobs. Possibly concerned about the situation, their objective situation has changed little since the crisis began, three years ago. On the other, 21.5% of those unemployed, whose number is increasing. Poorly defended, forgotten unions, their suffering is silent.As to the exhaustion of benefits, the first victims of the crisis, however, sinking slowly into exclusion.

Withdrawal into the family

Alejandro lives under the threat of expulsion. He, his brother and his mother, he unwittingly embarked in his galley. 28 years old, he had offered to help a colleague get a home loan. He signed his mother too, and they vouched. Before the crisis, Alejandro had a job as an electrician, he believed that his salary was only threatened, if by chance his friend forgot to pay a bill. When the colleague left no forwarding address, the bank asked his due: 168,000 euros of debt. "Due immediately," says the letter from the bailiff. Now unemployed, Alejandro key 340 euros compensation unemployment. His brother does not work either. Only his mother still affects a salary: 1200 euros.

Michel Madelain, CEO of Moody's Investor Services.

Wall Street opened down on Friday. In early trade, the Dow Jones ceded 0.65% to 11,971.90 points and the Nasdaq 0.51% to 2684 points. Job creation has slowed sharply in the United States in October but this has not prevented the unemployment rate to fall slightly, according to official figures published on Friday in Washington. The net hiring amounted to 80,000 jobs, or half that in September, said the monthly report on employment in the department of Travail.Le Ministry also indicates that the unemployment rate fell to 9.0% in October, after spending three months at 9.1%.

Investors remain suspended to changes in the Greek case, the last day of the summit of major developed and emerging G20 Cannes fast cash online. Thursday, the New York Stock Exchange ended the session sharply higher, in the wake of European markets.The markets welcomed the surprise cut rates the European Central Bank and the withdrawal of the proposed referendum Greek Prime Minister Papandreou.

In Europe, this Friday, the Greek government plays its all in a vote of confidence from the parliament in the evening. Meanwhile, the fate of Prime Minister George Papandreou seems already sealed after the failure of the referendum proposal.

Following the European Agreement on the debt crisis and in the wake of Wall Street, the Asian financial centers continue to take the colors on Friday. The benchmark index of the Tokyo Stock Exchange gained 1.08% to 9022.85 points, the Hang Seng Index of Hong Kong 1.89% to 20,061.40 points, the CSI 300 Shanghai 1.44% to 2695.76 points, the Kospi index in Seoul 1.03% to 1941.90 points, the S & P / ASX 200 Index 0.04% 4349.90 Sydney points, the BSE Sensex 30 in Mumbai at 17,762.60 points 2.74% and the FTSE Straits Times of Singapore 1.26% to 2883.42 points.

Investors are optimistic about the effectiveness of European anti-crisis plan, to reduce the debt of Greece and the mobilization of one trillion euros to prevent any contagion to the rest of the euro area.

The euro remains stable against the dollar

In addition, Japanese industrial production fell in September, 4% on a month, the exporting firms are faced with the global economic downturn and the soaring yen, according to figures from the Ministry of Economy one hour payday loan. This is the first decline experienced since March, which recorded an unprecedented drop of 15.5%, again because of the accident at Fukushima. The production was subsequently taken up and had increased every month.

Oil prices retreated slightly on Friday morning in Asia, decision-bénécices after the flight of the day due to good numbers of U.S. growth and the Brussels agreement, analysts said. In electronic trading in the morning, a barrel of "light sweet crude" for December delivery lost 37 cents to 93.59 dollars.Barrel of Brent North Sea crude for December delivery yielded 30 cents to 111.78 dollars. For its part, the euro remains stable against the U.S. dollar, losing only 0.07% to 1.417 dollars.

Unions and senior civil service did not hide in the day Thursday, their fear of participation for the first dive vote simultaneously in all jurisdictions of the state and all hospitals (it was around 64 % in previous elections).

The former pointed to many problems: errors in the delivery of ballots in the electoral lists, complexity of the software used in e-voting Education …

The latter, without denying the difficulties, in advance have found that the federations of civil servants should take some responsibility paydayloans. "Even the great labor leaders" are engaged in the campaign, noted the Minister of Civil Service, Francis Sauvadet.

This fear seemed about to be true, in view of the first digit.Thursday late evening, less than 40% of voters, according to unions, National Education, which alone accounts for almost half of the officials.

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The U.S. stock markets, should open with no real leadership on Friday. Future of Standard & Poor's 500 fell by 0.12% to 1222.10 points, while those on the Nasdaq 100 2174.75 0.01% grappillent points. The markets are still haunted by the fear of a recession in the U.S. and the crisis of public debts. Wall Street tumbled Thursday was at the end. The Dow Jones ends with a fall of more than 3%.

In an attempt to stop the stock market crash, the finance ministers and central bankers of the twenty leading economies gathered in Washington last Thursday pledged to provide "a strong and coordinated international response" to the crisis at a meeting in Washington.In a joint statement, they agreed to ensure that "banks have adequate capital" and promised to provide "the necessary liquidity" to financial institutions. But for specialists Aurel BGC, "the real decisions are referred to the Summit of Heads of State and Government to be held in Cannes, 3 and 4 November."

The Perfect Storm, the large emerging group of "Bric" were "determined to accelerate structural reforms to sustain strong growth." Brazil, Russia, India and China but also South Africa so consider "if necessary, to provide support through the IMF or other international financial institutions, to address the current challenges facing the global financial stability, according to the circumstances of each country. "The inventor of the BRIC, Jim O'Neill, chairman of Goldman Sachs Asset Management, said however that emerging markets are likely to require at least, in exchange for their support, greater clarity on how the Europe has to solve its crisis.

Gloomy outlook for world trade

In response to a request by the G20 in September addressed to Nicolas Sarkozy, the countries of the euro area have also promised to implement "necessary measures to increase the flexibility of the European Financial Stability Fund (EFSF)" to avoid contagion from the crisis in Greece. Yesterday, the possibility of a defect in Athens, though long ruled by EU leaders, was raised by Klaas Knot, Member of the Board of Governors of the European Central Bank (ECB)."This is one of the scenarios," he told the Dutch newspaper Het Financieele Dagblad.

The specter of a global recession has suddenly resurfaced after the ads pessimistic U personal loan for poor credit.S. Federal Reserve (Fed), which held that the U.S. economic recovery was "slow" and threatened by "high risk". Wednesday she has decided to sell by the end of June 2012 for $ 400 billion of treasury bills and to purchase for the same amount with a longer maturity.But the fact that it favors measures to monetary easing, a depressed market on Thursday, who sees as a sign of impotence.

New signs of abating, the World Trade Organization (WTO) revised downwards its forecast for this Friday trade growth for 2011, expecting growth of world trade by 5.8% against 6.5% forecast so far, according to its website.

On the foreign exchange market, the euro climbed slightly against the U.S. dollar: it rose on Friday by 0.57% to 1.3533 dollar. Oil prices also went up.A barrel of "light sweet crude" for delivery in November, which had tumbled more than $ 5 the day before returning 1% by mid-morning at 81.31 dollars.

The side of values, after the close of the NYSE YorkHewlett-Packard announced the replacement of Leo Apotheker as CEO from Meg Whitman, confirming the many rumors that had circulated in recent days.

At Advanced Micro Devices (AMD) is Rick Bergman Devices, responsible for products, who announced his resignation. The CEO will temporarily Rory Read office.

Covidien raised its quarterly dividend 12.5% ​​to 0.225 dollar per share.And, for its part McDonald's has increased its 15% to $ 0.7 per share.

In order to treat its shareholders well, Raytheon has authorized a stock repurchase plan of $ 2 billion.

The American manufacturer of sporting Nike has exceeded market expectations by posting yesterday after the close of U.S. markets net income for the first quarter of fiscal year up 15% to $ 645 million, driven by its Sales in North America and in emerging countries. Revenues rose 11% to $ 6.1 billion.Orders scheduled for delivery between September 2011 and January 2012 were up 16% to $ 8.5 billion.

On the occasion of a major overhaul of its website, Facebooks'est services associated with music, news and video, including Spotify, Deezer and Dailymotion, and challenge from Apple in the content.

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Greece reassure his European counterparts. After a 25 minutes telephone conversation with French President Nicolas Sarkozy and German Chancellor Angela Merkel, Prime Minister of Greece George Papandreou confirmed the "absolute determination" of his government to "take all necessary measures" to implement the decisions European July 21 to leave Athens for its financial difficulties.

For their part, Angela Merkel and Nicolas Sarkozy have put additional pressure on the Greek government. In particular, they expressed to the Prime Minister "of the importance attached to the implementation of strict and effective recovery program of the Greek economy", under which payment of future tranches of aid countries the euro area and the International Monetary Fund.They felt "more than ever essential to fully implement" these decisions "to ensure stability in the euro area."

"The future of Greece in the euro area"

Nicolas Sarkozy and Angela Merkel have also taken to silence the market rumors suggesting that Greece could leave the euro area. French President and the Chancellor will say on Wednesday night "convinced that the future of Greece in the euro area." "Despite recent rumors, all parties have stressed that Greece continued to be part of the euro area", also stressed Ilias Mossialos, spokesman for the Greek government.

The news had the immediate effect of boosting the morale of investors in the New York Stock Exchange, first to respond to this highly anticipated conference market.The Dow Jones, who was in the red, jumped 1.49% to 11,272 points to 8:40 p.m., French time.

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At the MEDEF Summer University, you see large companies, medium-sized enterprises, small businesses as well as "mini-enterprises". Thus the association "Undertake to learn" (EPA), describes a group of young volunteers gathered around an entrepreneurial project, supervised by a teacher and a professional counselor. " In fact, the mini-company operates as a limited company and is developing a product or service for marketing. "Once a week, the mini-entrepreneurs coming together to build their project.Together they perform a market study, is social capital by soliciting shareholders elect a board and planning a business strategy. "

MEDEF decided this year to honor the mini Hortensys company, founded by twelve high school students currently in third class DP3 (with an optional "discovery work" of three hours per week) in college Albert Camus Jarville (Meurthe -et-Moselle) cash advance loans. Their project: the design, manufacture and marketing of a "slug catcher" ecological and aesthetic. The idea from a simple observation: the products used to combat pests in gardens are often polluting and very expensive. They created a "slug catcher" both economic and environmentally friendly.Small budding entrepreneurs are more motivated than ever, they have diversified their business with an ingenious system for three-time scare-moles without harming them-lawns. A project they will carry when they found the money.

European banks do not need to move up a gear to recapitalize. It is, in essence, the response of Europe to Christine Lagarde, who had called in that worried over the weekend.

"Banks need recapitalization urgent", claimed the new Executive Director of the IMF at the Jackson Hole symposium. "The most effective solution would be a substantial recapitalization mandatory-first by looking for private resources, but if necessary by resorting to public funds."

The message is not new in the discourse of the IMF. But it has taken on particular importance with the voice of Christine Lagarde, still in business, just in Europe, there are only two months. His timing was also troubled, after weeks of concern – if not panic – the investors in the banks of the Old Continent.Sector actions, however, were well oriented on Monday.

The best in one year

The injunction in any case been cool reception in Brussels. "European banks are much better capitalized today than they were a year ago. This was confirmed by stress tests conducted in July, "assured the Commissioner of Economic Affairs Olli Rehn. Since then, European banks have increased their capital by some 50 billion euros, and "as and when the recapitalization proceeds, we expect an improvement in their conditions of funding," he said before the European Parliament payday loan lenders. "I do not see any additional elements" calling for further strengthening of capital, also assured a spokesman for the Commission, Amadeu Altafaj, noting that discussions between the EU and the IMF had already taken place."Christine Lagarde has not entirely wrong in dramatizing the speech," says Julien Manceaux however, economist at ING. "To believe we solved all the problems of the financial sector is illusory."

For its part, the President of the European Central Bank, Jean-Claude Trichet, also interviewed by members, wanted to reassure the other burning issue for European banks: their ability to find resources on a daily basis: "We in the system a tremendous amount of collateral available, which clearly indicate that there can be a liquidity problem for the European banking system as a whole. "

Aid to Greece: an agreement to

The case of the guarantees required by Finland to participate in the Greek rescue may be coming to its conclusion.