My Opinions

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.

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Michel Madelain, CEO of Moody's Investor Services.

Increase in VAT, income tax, any revaluation of benefits: the austerity plan announced Tuesday include unpopular measures. Consideration by the Parliament, which begins Nov. 28 in the Assembly, will not be a walkover. In the majority, the New Centre Group is thus opposed to indexation on growth, less generous, family benefits and housing subsidies. "We must protect families and tenants. We propose instead to plane more strongly niches and seek extra mile to large enterprises, "says centrist MP Charles de Courson.

During questions to the Assembly, Valérie Pécresse, Minister for the Budget, on Tuesday refused any negotiations on this subject, arguing that "we can not spend more than we create wealth payday loans."

The government remains firm, but the battle could be fierce and Gilles Carrez, Rapporteur UMP budget to the Assembly, will have work to do to stay the course. "The increase in VAT will not affect consumption. The move to 7% will not be fully reflected in prices, "he says now, to counter the arguments of sectors such as housing, food, culture and hospitality. Accor claims and the elimination of the tax on hotel stays, while the union of publishing an application meeting with Francois Fillon.

Tuesday, members of the Finance Committee in examining the second part of the draft budget law for 2012, which accepts the austerity plan in August. This has resulted in collisions.

In the first five days of strike by cabin crew of Air France, the company is organized to provide as announced 80% of its flights. The company has temporarily restricted on Saturday morning to 100 passengers the ability of its medium-haul flights Orly. Consequence: passengers can wait a little and minor delays can be saved.

This management method was chosen to avoid having to put down passengers for lack of a sufficient number of hostesses and stewards. "It blocks the flights a minimum. Is completed according to the presentation of the crews as and when. But we have managed so far to complete the flight and make them go as planned, "says the director of Air France at Orly, George Daher. A strategy that annoys some customers. "We were placed on a waiting list by explaining that there was not enough staff.A rip-off in communication because all flights are available at this time, "said one man who was to fly to Toulouse.

About the airport Roissy-Charles de Gaulle, the traffic was in line with forecasts of Air France, which does not exclude any last minute cancellations. It struck ten long-haul flights planned Saturday morning, including flights to New York, Montreal, Los Angeles, Tokyo, Abu Dhabi, Douala. But passengers were warned on Friday. But according to Europe 1, delays begin to accumulate.

In Nice, the third busiest airport in France, three Air France flights were canceled to Paris. Five flights were canceled in Marseille in the direction of Roissy and Orly. In Toulouse three flights were canceled out of fifteen.

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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False, false arch-is and sources familiar with the situation in France qualify the statements of the German weekly Der Spiegel on the sale of warships to Greece. No, France does not "give" the frigates to Greece, writes the weekly in its issue this week. The information given by the newspaper are also inaccurate. The call for tenders launched by the Greek government was about six FREMM multimission, not "two to four" as the newspaper. Furthermore, if the tender has been won by France, the contract was never signed because of the financial crisis.

The newspaper asserted that France had offered to Greece to keep the Frigate for five years without pay, then pay only $ 200 million per piece instead of 300 million. But the price of a frigate in fact reached 500 million euros.If Greece could not pay his debt at that time, France had recovered from ships.

A letter of protest from ThyssenKrupp

When bidding, ThyssenKrupp, a competitor to the market, namely the Department of the shipyards, has even sent a letter to the Chancellor to complain about French methods cash advance in one hour. And above all, to denounce the financial allowing Greece to acquire these warships: "While the German arsenals do not receive any order, DCNS Greek and arsenals are funded by German money and artificially kept alive "ThyssenKrupp said in the letter quoted by Spiegel. The steel company has even asked the Chancellor to discuss this matter with Nicolas Sarkozy at the EU summit this weekend.ThyssenKrupp declined to comment officially on this subject.

Such an arrangement between France and Greece is almost impossible because it would retoqué by Brussels. Some take the pretext of military procurement by Greece to defend the interests of German taxpayers. These increasingly reluctant to pay for Greece. The majority of Germans is now, 54% favor a return to the deutsche mark according to a survey published by the magazine Stern. France is also in the crosshairs of German newspapers for some time: after the interview the boss kills the French BNP Paribas by the Handelsblatt newspaper now betting on a downgrade of France.

The CAC 40 is close to balance on Monday, gaining 0.22% in the morning at 3102.8 points. After a weekend in the green, the Paris Bourse, however, should be on guard Monday. As in Asia this morning, markets should take the time to analyze the ads the weekend about the future of the single currency and the fate of European banks. On the first issue, Nicolas Sarkozy and Angela Merkel, meeting in Berlin on Sunday pledged to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit in Cannes, 3 and 4 November. Proposals must be made but no details were supplied. "You will see the end of an entire fully functional," promised the Chancellor.The fate of Greece is suspended from his verdict of the Troika, reminded the two leaders.

About the difficulties the European banking sector, Angela Merkel and Nicolas Sarkozy said they were "determined to do whatever it takes to ensure the recapitalization of our banks." The French president also assured that the agreement between the two countries on how and where the process was considered "complete", denying the reports of differences over the use of EFSF to provide the necessary funds. Again, the "details" will be specified later, they promised, even suggesting an EU summit scheduled for October 17 and 18 and a Eurogroup.

Concern persists

In this context of waiting, investors should remain cautious.Especially as other disturbing news on the euro area fell: Fitch has degraded the notes of Spain and Italy and Belgium threat. Decisions that have already sealed the mood on Wall Street Friday, despite good employment figures.

In terms of statistics, the Bank of France reiterated its forecast of growth of 0.1% of the French economy in the third quarter, based on the results of its latest monthly business survey. Moreover, the French industrial production registered a further rise of 0.5% in August compared to July after jumping 1.8% (revised) the previous month, said Monday the National Institute of Statistics ( INSEE). German exports rose more than expected in August, bringing the trade surplus to its highest level since March.The trade surplus adjusted for seasonal variations reached 13.8 billion euros against 10.6 billion euros (revised) in July.

On the currency side, the euro is rising against the greenback at 1.3477 dollar. Oil is also up: a barrel of "light sweet crude" for delivery in November gained 93 cents to 83.91 dollars in Asia, and a barrel of Brent North Sea crude for November delivery was appreciating by 53 cents to 106.41 dollars.

Values ​​to follow

• Dexia (rating suspended)

The Belgian state will take control of all of Dexia Bank Belgium, the Belgian entity of the Dexia Group will be dismantled, for a total of 4 billion euros, the Belgian government said this morning at a conference Press.Belgium will also ensure funding for the future "bad bank" that remain after the dismantling of the Dexia group of up to 60.5%, amounting to 54 billion euros. Trading in Dexia has been suspended since last Thursday.Euronext could not say when the listing would take the title.

• Renault (0.53% to 25.80 euros)

The automaker is expected to announce on Friday a reorganization of the group which will extend the power of its CEO, Carlos Ghosn, Tribune reported Monday.

• Air France-KLM (2.9% to 5.30 euros)

The airline said passenger traffic up 9.3% in September and cargo traffic down 3.4% in September.

• Veolia (0.99% to 10.82 euros)

The service group sold its restructuring investment company Eolfi Asset Management, specializing in the management of funds investing in solar and wind energy, according to La Tribune.

• Dassault Aviation (0.30% to 674 euros)

The aircraft manufacturer (group owner Figaro) yesterday announced a resumption of aircraft orders, which have doubled year on year to 2.065 billion euros.

• Technip (1.20% to 60.71 euros)

The subsidiary Duco has been awarded by Shell Offshore two contracts for field development and Cardamom West Boreas, the Gulf of Mexico.

• Maurel et Prom (1.34% to 12.89 euros)

The group announced that statigraphique wells (drilled with a light fitting) Sab Strat-1A demonstrated the presence of oil on the driver's Sabanero in Colombia.

• Total (0.38% to 35.48 euros)

The inter-union employees of the refinery in Berre l'Etang-(Bouches-du-Rhône) of LyondellBasell, within the scope of a proposed closure, said Saturday at a general meeting is restarted until the end of December, found a corresponding of AFP.

• Artprice (-0.53% to 30.30 euros)

In an interview with Boursica, Thierry Ehrmann, the president of the Lyon-based company, said the groups' relatively young and wealthy "want to capture the potential of the art market in Asia and would think to do with the support of Artprice, for commercial gain or capital.

With the arrival this summer of Qatari investors, Paris Saint-Germain has taken a new dimension to financial, sports and media. The French basketball hopes all things considered, do the same with the return of French players playing in the NBA (American basketball championship). Captain of a team runner-France the last European Championship, Tony Parker "PT" rise, by itself, a popular craze and the media. Thursday, after holding a press conference to announce his arrival in Villeurbanne, "TP" is chained interviews with journalists, specialists, general economic and before finishing the day on the set of 20 hours of TF1. The private channel was made to blow an audience of 6.3 million viewers, "in line with its average of the last month," according to TF1.If the number is not unusual, the presence of Tony Parker on a "20 hours" shows how the return creates interest.

The trademarks "TP" and "Asvel" associate

The club has also Villeurbanne prepared a communication plan for the arrival of "TP". "We have to associate the name" Tony Parker "with that of the Asvel on match tickets and through the sale of products ever created before," said Julien Lepron, marketing director of Asvel. The club has also provided marketing operations at the first game of Tony Parker, Oct. 14 against Paris, his first club … "Two thousand spectators who arrive early at the Astroballe (name of the speaker Villeurbanne ), will receive a jersey "replica" of Tony Parker, "said Julien Lepron, marketing director of Asvel.For this unprecedented meeting, Villeurbanne, whose average attendance last season was about 5,000 spectators (for a 5500-seat hall), aims to play a sold as the next three.

For its part, the official broadcaster of the basketball championship, Sport + (Canal + group) decided to schedule the meeting of Villeurbanne and Paris, while it was not originally planned. Three of five of the first meetings will also be broadcast Asvel including the clash between Nancy and Villeurbanne, the champion title in France which also hosts a French NBA, Nicolas Batum. "As the campaign for subscriptions is not yet closed, we have already recorded more than 1550 subscriptions against 1296 last year, said Jean-Charles Brégeon, general secretary of the basketball club Nancy no fax pay day loan.In terms of sponsorship, we expect revenue of 2 million euros against 1.7 million last year. "

Canal + prefer handball basketball

Still, all broadcasters, clubs and leagues are willing to realize that these returns will not solve the lack of visibility of French basketball. "The return of French NBA should not be the umpteenth buzz around the sport," said Julien Lepron. A discourse that looks suspiciously like the one held in 2000 after France won a silver medal at the Sydney Olympics. Eleven years later, the French basketball has lost ground and seems to have been overtaken by the handball. So much so that the Canal + group intends to make handball "his third team sport on its channels" according to Cyril Linette, Director of Sport Canal +."These words are hard to hear, says a leader of a big French club, who would like the league is looking at the return of basketball on the public channels. But it shows that competition is fierce between sports and we need to make the product "basketball" more attractive ". Didier Domat, a lawyer with Taylor Wessing, which manages the contracts of Tony Parker among others, the solution lies in building new facilities in France. "There is a lack of modern facilities for basketball in France, he says. The current facilities are not consistent with the economic issues inherent in the sport. The clubs are struggling to attract investors because they know they will not earn money by investing in basketball. It is difficult to have an entrepreneurial approach. "

In less than a year of London Olympics

Especially the basketball clubs in France have means significantly lower than their European competitors. "To hope to win the Euroleague (equivalent of the Champions League in basketball), a club must have a budget of 15 to 18 million euros and 10-12000000 if hoping to be included, says Julien Lepron. " The budget for the champion title in France, Nancy, is around 5 million … "The French basketball was exceeded by the demands of professionalism, recognizes Lepron Julien. Leaders must capitalize on the return of the Blues in France. And even more so in less than a year ago the Olympics. " Asvel side, it is hoped that Tony Parker will bring their project to large room.

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Tax soda should further fuel the coffers than expected. The new tax announced by Prime Minister Francois Fillon, as part of the austerity plan will help fill the gap of France to the tune of 370 million euros, according to information on Europe 1. Revenues exceeding 120 million originally envisaged which, according to industry increases the price of the can of a euro cent on average.

In fact, the tax has not yet been established but it has already been expanded. It could affect not only soft drinks but also all soft drinks and sweeteners, says the radio station. Previously saved, the Diet Coke, Coke Zero or mineral waters and non-alcoholic beer may ultimately be affected.

Bernard Reynes, UMP deputy of the Bouches-du-Rhone, should defend the new amendment in ten days.The new contours of the tax would have been decided by Valérie Pécresse, budget minister, Bruno Le Maire, his colleague from the House Agriculture and Bernard Reynes and Christian Jacob.

Compensates for the lower social security contributions of farmers

And as noted in Le Figaro yesterday, raising the tax would fund future lower social security contributions of farmers who come into force on 1 January 2012 fast payday loan no faxing.

The question is whether manufacturers will digest these ads. In fact, the announcement of the tax had already provoked the ire of Coca-Cola. The American firm had threatened to suspend an investment of 17 million expected next year at its plant in the Bouches-du-Rhone, then retracted, while evoking a "communication error".Only element of consolation for the food groups, the public health argument justifying the creation of a tax 'anti-obesity "has disappeared from legislation, as they wanted.

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