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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.

The crisis will not spare the textile and clothing, nor in 2011 nor in 2012, according to latest figures released yesterday by the French Institute of Fashion (IFM). Falling from 11.7% in France in the third quarter, sales of clothing have declined 2.1% in 2011, the fourth consecutive year of decline. Much worse than in 2010 (when sales had dropped by only 0.6%), the trend is not likely to reverse in 2012: against the background of a prolonged economic slowdown, the IFM provides a fallback of 1.8%.

Consumption at half-mast and a surge in raw materials (cotton, wool, oil …) continue to affect the sector. "Rising costs could not be passed in part to the customer on prices because demand is down," said Gildas Minvielle, head of the Economic Observatory of the IFM.Consumption can not grow, says he, "when we have an economy that is growing at quite low. It takes 2 or 3% of overall growth in consumption "to expect to see a" dynamic "re-emerge in this sector, he added. It is far less than 1% growth.

The decline in sales has not yet been felt on the production of the textile industry, stable since 2009. She even posted a sales increase of 8% in late August, thanks to strong exports, supported by Asia. But industrial activity may be overtaken by the crisis, "in case of continued deterioration seen since the summer," warns the IFM.

Consumer bipolar

To resist, distributors sharpen their weapons, and strategic marketing. Much attention is given to new behaviors and consumer demands.

The French Union of seed (FSU) also points out that the 16 million paid out last year's wheat, 10 million were paid to farmers, were donated 5 million and $ 1 million to seed a fund of research. The same principle should be applied to this new tax.

Support research in seeds to increase diversity would be the ultimate goal of this law, according to the manufacturers no teletrack payday loan. "We evaluated the research costs of the 71 seed who work on French territory to 200 million euros a year. This is the budget looking for Monsanto alone! We alerted members to the need to collect these funds to continue to have French breeders, not just foreigners in France, "insists Francis Burgaud.

Wall Street, which closed on a sharp decline yesterday was unable to rebound in a market still worried by the European public debt. The Dow Jones gained 0.22%. In contrast, the Nasdaq lost 0.60% to 2572.50 points and the S & P 500 shows a symbolic drop of 0.04% to 1215.65 points.

Expectations about the ECB

The new president of the institution, Mario Draghi said on Friday that the first objective of the ECB is price stability. "Our credibility implies the success of our monetary policy is to anchor inflation expectations in the medium and long term," he said. According to traders, however, the ECB would have repurchased Italian debt on the secondary market. According to the German press, it would also quietly imposed a weekly limit of twenty billion euros for its purchases quick cash.

For the Hexagon, the relaxation appears to operate slowly. The spread between 10-year German and French this morning narrowed to 169 basis points against more than 200 yesterday.

Greece has in turn lowered the deficit target for next year, to 5.4% of gross domestic product (GDP), after 9% in 2011. The draft budget was initially a difference between revenue and expenditure of 6.8%.

"The euro area is becoming increasingly moribund," says the broker IG Markets in a note. He also adds that the situation on the interbank market is deteriorating, creating an "ultimate stress" on the stock exchanges.

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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Fight against poverty, access to clean water, education, health … Target the poorest countries of sub-Saharan Africa while engaging more in North Africa. These are the priorities declined by the French development, according to the 2011 AFD Ifop barometer, conducted in July, against a background of "Arab spring". They are 63% to support the continuation of official development assistance (ODA), despite the crisis and the context of budget restrictions. 77% of them even consider that France should have its own policy in Europe.

Tax on financial transactions

Given that France is the third largest contributor to global. "ODA accounts for 10 billion euros, or nearly 10% of global ODA, while France weighs 5% of global GDP.And the 2012 budget will not be affected by lower public spending, "said Minister of Cooperation Henri de Raincourt. Welcoming the outcome of the investigation that "incites to put development at the heart of the international agenda," the minister said that the G20 Development to be held next Friday in Paris will be a first in this proceeding with three priorities: food security, infrastructure and innovative financing.

Paris has the support of Brazil and several European partners to push the proposed tax on financial transactions, despite the opposition displayed the Anglo-Saxon countries, the United States in mind. "It will take these countries explain to their publics at the same time they lower their ODA they refuse to find new financing.This is an ethical issue, "criticizes the French minister.

If aid is important to the French, they are only 55% find it effective. They are even more severe in the result on the reduction of poverty, the fight against global warming and support for economic growth. Overall 60% believe the French budget enough, young people, however, require a greater commitment.

Respondents also believe that aid should rely more on local actors: communities, civil society organizations, entrepreneurs and NGOs …. The transfer of skills and know-how is considered very important to avoid over-reliance of the States for assistance. Finally, like other years, they want more information on funded projects, their progress and results.

This is a bill which would go well at the time of purchasing its housing: land transfer. This tax, which is a registration fee, reached 5.09% of the selling price. "This is a very high rate. In other European countries, taxation is more than 1% to 3%. By puncturing and the acquisition of a home, it hinders labor mobility, "said Bernard Monassier, lawyer (and a director of Figaro). The system was particularly unfair that until recently, some big sales could escape these rights. It was enough to create a company abroad, for example in Luxembourg, making it the holder of the property located in France. The passage of many a hand to the other was done so through the sale of shares of this company. "The sale of shares is taxed in the country where the company is domiciled.Or in Luxembourg, there is no registration fee or tax on capital gains, "said one tax expert. Some lawyers felt that the French tax authorities and had lost several hundred million euros per year, including transactions of office buildings in Paris.

France has responded by changing its law. Since 2010, it is stipulated that the sale of shares of foreign companies whose assets consist mainly of immovable property situated in the Hexagon is taxable in France. And therefore subject to French registration fee of 5%. In early September, members of parliament are to add additional security by requiring that the sale is recorded before a notary easy payday loans."We make sure when the sale is recorded and fees are paid," said Bertrand Savoure, notary.

Inequitable tax

Despite this correction, the system of registration fees is not very fair in France. The fee is 5.09% for the household who acquires her house. Take for example a bill for 10,180 euros to 200,000 euros purchased a home. However, anyone who buys a share of logged forest in forest community pays only 125 euros registration fees.

The logic is no better investment for businesses. The rights to acquire shares of public limited companies (SA) are not quoted by 3%. But they are capped at 5,000 euros. A ceiling for non-existent SARL (limited liability companies), where an abatement system applies less advantageous. Or LLCs are often small businesses."If I buy for a million euros of shares of a large privately-held SA, I pay 5,000 euros rights. If I take an SME SARL for 250,000 euros, my fee is 6810 euros, "says Bernard Monassier. As for the sale of the business, they are quite heavily taxed: 3% between 23,000 and 200,000 and 5% in excess of 200,000 euros. But for now, no government has had the courage to tackle such a scrub.

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"When we look at we are sorry but when you compare it to console," says the adage. A new proof of this is given with the release today of two studies on corporate social responsibility made by the social rating agency Vigeo.

This company, founded ten years ago by the former secretary general of the CFDT, Nicole Notat, analyzed the performance of 539 European companies listed on non-discrimination in employment.She also compared how these 363 companies had managed the restructuring that had taken during the crisis.

In both cases, France takes the lead of countries that best meet the basic standards set by the International Labour Organization (ILO) concerning freedom of association, prohibition of forced labor and child employment seniors … "This does not mean that French companies have no way to go, but just that they behave better than others," Nicole Notat nuance.

Danone number one

To note the management of corporate restructuring and practice of non-discrimination, the bloodhounds of Vigeo analyzed their managerial systems based on three items: the relevance of political behavior, the consistency of their deployment and effective results.Finally, French firms are better informed and consulted, where social, employee representatives "before and during the restructuring process."

No fewer than four of them are in the top 10 most responsible companies: Danone (ranking first), PSA Peugeot Citroën, Bonduelle and Total. French companies are also those who have best implemented "effective measures to prevent and limit layoffs" and made "steps to mitigate the negative effects of layoffs on employees, including measures to return to work" . Better than their German or Dutch, who monopolize the second and third places on the podium, and Austrian firms, Irish and Greek … that close to the bench.

Issue non-discrimination (access and job retention of the most vulnerable, improving working conditions, training, career …), French companies are doing just as well with no fewer than four of them also in the top 10: PSA Peugeot Citroën again, Rhodia, EDF and TF1. By country, France is ahead of Belgium and the Netherlands, far ahead of Ireland, the UK and Denmark … that appear at the end of ranking. "We knew that the behavior of firms are influenced by national legislation and sectoral affiliations, note Benseddik Fouad, director of Vigeo methods. But this study shows that social responsibility is the leadership position and ability to dialogue that make the difference. "In short, the involvement of the entrepreneur.

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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It is the obsession with Canal +: extend its influence in pay-TV to air TV. End of March 2011, Bertrand Meheut, the head of Canal + had already thrown a cat among the pigeons by announcing in an interview with Le Figaro, his intention to seek compensation as a string, a string called Canal20 clear. Faced with the outcry, Canal + has quickly realized that it should not depend on permission of the High Council for Audiovisual (CSA) to achieve its ends.

He immediately decided to buy a place on the DTT. The alloy of choice is called Vincent Bolloré. He owns two free DTT channels: Direct 8 Direct and Star. Spurred on by his son Yannick Bolloré, the two chains have met with great success and they account for 4% of the national audience.Better, Live 8 has achieved financial balance and Direct Star is expected soon.

The two groups should join forces. Canal + take 60% stake in Bolloré Media would be valued on the basis of 465 million euros. Canal + would have the option to buy the remaining 40% in three years. Backed by the powerful group Canal +, Direct 8 mini general may proceed directly compete with the two leaders of TNT, TMC (subsidiary of TF1) and the chain W9 (a subsidiary of M6). Five years after the launch of DTT with the will of governments to expand the fields of competition, the French media landscape will soon be reduced to a battle with four: TF1, M6, Canal + and France Televisions.