Sundial of world news

In the aftermath of a black day on world financial markets, U.S. equity markets begin this Friday on a stable note. In early trade, the Dow gained 0.03% to 11,387 points, the Nasdaq is 1.01% more frankly to 2582 points and the S & P up 0.82% to 1211 points. The markets resume with the publication of unemployment figures across the Atlantic for the better than expected in July.

Wall Street follows the movement promoted by the European stock exchanges. In Paris, the political mobilization against the bear market in Europe has slowed the drop in European indexes.

The employment figures dictate trend

In this context the assumption of a recession in the U.S. or the world, is today one of the main fears of the markets, the announcement of a significant improvement in job creation last month calm spirits on Wall Street.In recent weeks, disappointing publications on the state of the U.S. economy had, in fact, chained, challenging the idea of ​​resumption of the world's largest economy. This publication confirms the figures released Wednesday by ADP, reports of more new jobs than expected for the month of July.

At 21 hours the numbers of U.S. consumer credit for the month of June will end this week full of macroeconomic data.

Oil and euro pressure

Oil prices climbed hesitantly at the opening Friday in New York, despite the employment figures better than expected, as the market wondered if it would be sufficient to support the demand for crude in a very fragile economic environment .On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 87.04 dollars, up 41 cents from the previous day.

This concern also weighs on the currency front, the euro was trying to rebound against the dollar but remained under pressure from macroeconomic concerns.To 15 hours in Paris, the European currency was worth 1.4224 dollars against 1.4106 dollars on Thursday night, after falling to 1.4055 dollars in early Asian trade, its lowest for three and a half weeks fast cash online.

AIG, GM and Procter & Gamble publish their accounts

On the corporate side, the semi-annual publications still dominate the news on Friday.

Thursday evening after market, the insurer AIG (-0.23% to 26.34 dollars) announced a return to the green of its accounts in the second quarter, with net earnings of $ 1.84 billion over the period, against a loss of $ 2.7 billion a year earlier. Per share, net income totaled $ 1 ($ 0.69 after tax, against $ 0.92 expected by analysts).

At the same time, and its first quarterly since its IPO on May 19, LinkedIn (-2.27% to 93.36 dollars) was positively surprised markets by announcing a turnover more than doubled the second quarter to 121 million dollars (120 euros) and net profit (4.5 million), where analysts expected a loss.

GM Motors (1.27% to 26.32 dolars) Thursday reported quarterly results exceeded expectations, with a near doubling of profits over the period.

Procter & Gamble (1.78% to 60.64 dollars) released before market on Friday for the fourth quarter of fiscal offset, net income up 15% to $ 2.51 billion.Of 2010-2011, so it shows a net profit of 11.79 Annual Statement billion, down 7% from the previous year.

Viacom (3.55% to 53.17 dollars), the parent company of MTV and Comedy Central, has reported a rise than expected in earnings thanks to strong revenue growth in advertising Cable and license agreements with websites. Its quarterly results (Q3) increased to $ 574 million against 432 million

Bank of America (1.70% to 8.98 dollars) is highly exposed to the most fragile countries in the euro zone, according to a document from the bank. The group said exposure to the tune of $ 16.7 billion (11.8 billion euros) in total to Greece, Ireland, Italy, Portugal and Spain in June 30Management has indicated in a document submitted to the regulatory authorities that its losses could reach up to legal $ 2.3 billion in addition to the provisions already passed for this purpose.

In a market still panicked on issues of U.S. and European debt, he had to look this morning to find values ​​still moving into positive territory. Yet the case of Bic, which is Wednesday morning at the top of the charts in the SBF 120 and values ​​eligible for the SRD, with an increase of 5.27% to 64.74 euros an hour after opening. The reason: the publication of interim results above expectations, at least much of its activity. Good news that restores a little balm in the heart of the operators, cooled from a fortnight in business publications rather disappointing. Demonstrated again this morning the profit warning from Société Générale, in turn affected by the effects of the crisis of the Greek debt.

This is clearly not the case for Bic.The specialist in stationery, lighters and shavers has indeed unveiled Wednesday half-yearly sales up 5.5% (comparable) to 886.1 million euros and an operating profit of 174.9 million euros. An annual increase of 22.4% more than that of revenue, thanks in part to the increase in gross margin and cost savings involved in the restructuring program in 2009.

Offset deliveries of orders for back-classesCes good results are obtained Bic thanks to sales growth markets (+15.3% on a comparable basis) and by the strong performance of its consumer division (stationery, lighters, razors ).The latter, which represents over 85% of its turnover, has in fact increased by 8.8% over the period to 758.8 million euros, supported among others by the good performance in stationery and lighters in Latin America and Asia lighters.

However, in Europe and the United States, stationery grew much lower (about 1.5%), affected by the timing of delivery of orders to return to school. "Distributors delay until the last moment of receipt of goods back to school," explains the release. With the effect a shift in sales from the second to the third quarter. Despite this, the group remains confident for the year-end on this division that made its reputation. For 2011, management believes that growth in this sector will exceed the 5% previously announced for the year.

Advertising products to the penalty

Investors have therefore retained the good news rather than the poor performance of the other activities of Bic, namely advertising and promotional products (Bic APP), which represents 15% of its sales. In the first six months of the year, income from this activity decreased by 10.2% on a comparable basis, affected by "customer service issues, including delivery." In addition, BIC recorded in this division of non-recurring items mainly related to the reorganization of its Italian operations, affecting up to 1.9 million euros operating profit. In the end, Bic APP recorded a loss from operations of 3.5 million euros, against a gain of 1.6 million a year earlier.Bic said however, "confident about the success of the integration plan and return to growth of this branch in 2012."

In the longer term, Bic is also focusing on growing markets for its development. Within a decade, he wants to increase the share of its business that is conducted at over 40% against 29% in 2010. And to address inflationary environment of commodity prices, Bic plans in the coming weeks price adjustments "targeted" on some of its products. A "power-pricing" that would also be useful to offset increased marketing investments to support the brand.

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While its main competitor, the German Linde, announced Friday a 14% increase in quarterly profit and revenue of 7.5%, Air Liquide has nothing to be ashamed: the manufacturer of industrial and medical gases Air Liquide published on Monday morning a net profit of 750 million euros (+11%), and annual sales up 9.2% to 7.1 billion euros in the first half of fiscal 2011. The revenue growth was primarily driven by developing economies, which now generate 21% of sales activity "gas services" and where growth was 28%. Revenues in the advanced economies have increased by 7% each.

After the announcement, the stock exchange, Air Liquide shares rise from 1.57% to 97.46 euros in First Prev exchanges in a market (the Cac 40) up 0.98%, driven by the agreement reached with U.S. debt.

Despite an impact of tsunami in Japan and revolts in the Arab world, the operating margin was 16.7%, up 10 basis points over one year Payday advance. Excluding the effect of changes in natural gas prices, the margin improved by 30 basis points. Air Liquide has also reduced costs by 132 million euros, while it wants to cut more than 200 million euros over the year."In this context, and in a normal environment, Air Liquide is confident in its ability to continue in 2011 the steady growth in net profit," said CEO Benoit Potier said in a statement.

A half-year performance that is part of the strategic plan for 2015 presented in December, and expects an average annual increase in sales of 8 to 10%, higher than the expected growth of the market.

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"To show a spirit of responsibility and sense of compromise." Nicolas Sarkozy has launched Thursday a solemn appeal to Europeans to save Greece. Whereas this morning in Berlin, the French president knows that he will deploy a wealth of imagination and persuasion to move Angela Merkel. While Athens, plunged into a financial and political crisis, is on the verge of bankruptcy, the Chancellor is considering a new excess wait. Faced with a sling in his majority, Merkel angers its European partners by raising the pressure: it insists on any new financial aid package Greek participation of private creditors to let them share the burden of German taxpayers.

Berlin's position, however, has eased somewhat in recent hours.The German government, which faces an end of inadmissibility of the European Central Bank (ECB), now would require a report in September of decision on an extension to Greece, initially expected at the European Council next week . Play for time when it is urgent to try to influence the debate: Berlin had already used this tactic in the first act of the Greek crisis, in May 2010, reluctant to put their hands in the pocket for Athens.

Participation binding

The Europeans have accepted half that request. The Commissioner of Economic Affairs, Olli Rehn, said that measures should ultimately be decided at the Eurogroup of 11 July. In the meantime, to ease the burden a little Athens, Europe could decide to release the funds promised for July."I am confident that next Sunday the finance ministers of the euro area will meet in Luxembourg will decide on the payment of the fifth tranche of loans to Greece," said Olli Rehn. This band represents just under 8 billion that would normally add 3.7 billion paid by the IMF. The fund has remained vague about his intentions, while suggesting a hint that it will participate in this effort absolutely free credit score. "We are ready to continue to support Greece if the Greek authorities take the economic measures promised," said his spokesman, in Washington.

Save time is to enable Europeans to reach a compromise on how to involve private creditors in aid to Greece. Paris insists that nothing be done that goes against the opinion of the ECB, which guarantees the stability of the euro.But in Berlin, the German government does not hide his irritation with respect to the ECB, which usually defends tooth and nail independence. The European monetary institution insists that the private creditors of Greece are known as a "voluntary basis" to grant a stay in a country where the rating agencies expect the bankruptcy. It is far from enough in the eyes of members of the center-right coalition of Merkel, where such participation must be mandatory. To ensure the support of the Bundestag increasingly looking to the funds of Germany, the federal government requests that all creditors are asked to exchange their shares against the Greek bonds at longer maturities.For the ECB, such an exchange would mean forced to recognize that Athens is in default.

Italy's Mario Draghi, who will fall over from Jean-Claude Trichet, head of the ECB, had his baptism of fire on Thursday night in Berlin, during a meeting with the Chancellor in which he was trying to find a solution to the dilemma German. For the Chancellor, it was however only a first round: she will spend three hours today with Nicolas Sarkozy to find a compromise.

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– Manage the post-Fukushima

The renaissance that nuclear power seemed to promise, in the world, there are a few more months, will she be? Areva had put in a position to be a key player in the expansion of civil atom, only controlled and profitable alternative to fossil fuels and "clean" in CO2 emissions which is more. The French group and hired some 12,000 people each year to keep pace expected of its business.

Since 11 March, the situation has changed dramatically: Germany, Switzerland and now Italy, have decided to end their civil nuclear program. India, with firm orders for new reactors was expected before the summer, will surely prolong his reflection. Anne Lauvergeon refused to believe in a "nuclear winter".For her as for other supporters of the atom, the policy decisions taken today as the heat of the moment can be questioned tomorrow.

For now, the international development of Areva is at stake in the coming months, all the nuclear installations in Europe will be reviewed. Although the terms of these "stress tests" are still being defined, Areva will necessarily be at the forefront. Like Anne Lauvergeon, his successor will have to become a diplomat of nuclear power, both to reassure his interlocutors on the safety of this activity and convince them to pursue an effective dialogue with the French group.

– Restore the finances of the company

For a long time, critics of Anne Lauvergeon stigmatize poor operational management of the company and its finances in jeopardy.In 2010, the company has also accused an operating loss of 423 million euros and the rating agency has become mediocre. The group also suffers from having camped on his credo of "vertical integration", to the point of purchase, too expensive, its own uranium mines, which now require large investments. Finally, the action Areva is listed in this form since May 30, has lost nearly 15%.

– Pacifier relationship with EDF

Relations have never been easy between the two companies, they have become abominable between Anne and Henri Proglio Lauvergeon, CEO of the utility since the fall of 2009. Regularly called to order by the state, their shareholders to both, the two companies to work together STRIPS sentenced last fall to formalize a strategic partnership.

All aspects of collaboration are concerned, the supply of uranium to the reprocessing of spent fuel, to building new reactors. But the various working groups have not yet yielded any conclusions. Again, the management of Areva will be watched around the corner. Luc Oursel will be on a narrow track of restoring harmonious relations with EDF, without appearing the vassal.

Seen from the Elysee, the issue is crucial because it is to harmonize relationships within the French nuclear industry to win export contracts. Without compromising the ability of Areva to sell only his skills to other electricians global EDF's competitors.

– To service the Finnish EPR

It's really cursed the site for Areva. The new generation of reactor Olkiluoto 3 should have been operational in 2009. It will not be before 2012.His bill, expected around 3.5 billion euros, has appreciated by 3 billion euros, lead accounts Areva. The company – which has staked his credibility by taking on the project management of this project – no longer has the right to make mistakes. The EPR is the cornerstone of its international development. And it is that Luc Oursel return the task to make a successful export, arguing its assets in terms of safety.

At the same time, the new leader of the nuclear group will tackle the launch of the TDD, a new medium-power reactor that. Through this case is the ability of the company to expand its portfolio of facilities that will be tested.

Background music, soft lighting, warm colors (brown and fuchsia), wooden floor and comfortable temperature: it is almost like a trendy bar. Yet although a supermarket of 550 square meters, opened two weeks ago in the heart of Marseille and named a new sign, "Unlike our competitors, with their sizes or City Express, we want to customers to spend time in store, "says Jean-Pierre Lanzetti, CEO Casino Near (Petit Casino, Vival Spar, Via Italia).

Casino Shopping and smaller version, Casino Shop (for stores with less than 350 square meters), may well flourish everywhere, if the group is satisfied with its test stores. After Marseille, a second will open in early July in Saint-Etienne, home of Casino, and eight small casino (in Lyon and Toulouse in particular) will be processed before the end of the year.The identity of the 1,800 stores, including "the grocer is a great guy" is fourteen years old and needed to be brought up to date.

Casino would react. Most of his competitors in fact lead the last two years an unprecedented drive to win in the city center, where the band Saint Etienne, which also owns Franprix and Monoprix, is in a strong position. Carrefour (City Express), Auchan (City and A 2 Step), Intermarché (Express) and Système U (Express) are all involved in a renovation or repositioning their format.

Deployment in 2012

"We take the time needed, the possible deployment of Shopping Shop and intervene only next year, wants to warn Jean-Pierre Lanzetti free business cards. The company decided to change many parameters at once.Employees are identified by their first names, the furniture is curved, the loyalty card enters and fresh produce, other than fruit and vegetables, are behind the doors are transparent, allowing the passage to reduce the energy bill of a quarter.

"We mainly worked on the set," says Jean-Pierre Lanzetti. Ranges and frozen drinks have been reduced in favor of fruits and vegetables and a large beauty department, which was missing in the Casino supermarkets. Creams, mascara and brushes already represent 15% of revenues Shopping Marseille. Of the 9000 references proposed products snacking Chez Jean (another sign of the group being tested since early 2009), and decorative packaging items from many parts of France. One can even order his coffee machine via a touch screen.Ultimately, this approach to extend the offer could affect other products.

To combat the image of dearth of supermarkets in the city center, prices have been reduced "from 15% to 18% compared to an equivalent Petit Casino," says the general manager of the branch nearby, betting on higher volumes .

The company has another trick: it forms partnerships with its suppliers to its customers enjoy benefits fidelity on Kronenbourg beer or cookies BN: "We have 100 partners to date that offer our clients 10 to 25 % discount, by September we will have 400, "says Jean-Pierre Lanzetti.

For many employees of EDF, is the safety of nuclear plants is at stake They are concerned about an internal memo released Saturday by Le Parisien in France today, which aims to increase the maximum working in nuclear plants during "outages", those moments during which the reactors are closed, including maintenance.

During these periods unprofitable, EDF would indeed be able to quickly restart the reactor by its employees to work harder. The letter dated May 10 and addressed by the deputy director of EDF's nuclear generation, Philippe Druelle, each plant manager, and plans "to request exceptions to the limits to working with the inspectors work" or Regional Labour Directorate. EDF would like to apply a measure "by the summer of 211".

The project raises the ire of unions and employees' concerns. "EDF is organized to legalize abuses Hourly unacceptable and dangerous for employees and therefore nuclear safety," said the CGT. "EDF wants to push through and have hands on working time of its executives, including weekends and holidays, creating a zone of lawlessness, without any legislation on the organization of work "added the daily Annie Thebaud-Mony, director of research at Inserm.

Decreased alertness

While these periods of outages, which usually last from one to three months, is already reflected by an increased pace of work ranging from simple to double, with penalty of night and weekend , employees are concerned about the consequences of such change on their health and efficiency."We do work twelve hours or more is absurd, evidenced by a technical framework of the Chinon power plant. Beyond a certain limit, we can no longer be vigilant to 100% payday loans. " "I do my work carefully so as not to endanger the operation of the site. But it is already to the detriment of my health. Nationally, it is impossible to continue at this pace without consequence, "said another engineer of the Central Blayais in the Gironde.

For its part, EDF denies wanting to increase the working hours of employees. "This is a misunderstanding. [...] It will never matter to executives working 78 hours per week. This is contrary to the values ​​of a responsible nuclear operator, has defended Bernard Lassus, director of human resources group in the columns of Le Parisien – Aujourd'hui en France.This ensures that the meetings with the general direction of work aimed instead to "clarify the organization of work", so as to "allow executives to take their daily rest period of 11 hours."

A technician Areva denounces inadequate security at the Hague

A retired technician from the treatment plant of La Hague nuclear waste warned Wednesday against the "inadequate security" site, which is home to one of the largest volumes of radioactive material in the world. Heard by the Local Information (CLI) of the site, he defended the idea that Areva is expected to build a "cathedral of concrete" against possible projectiles, when the site is currently protected by a "simple metal siding. For if a projectile reaches the pools, which contain the equivalent release of 100 reactors, "it would be worse than Fukushima," he said.For its part, Areva believes that site security is already assured by the existence of contingency plans in case of overflight of the plant.

Gloomy atmosphere at the Paris Bourse. On Wednesday, the benchmark index in Paris ended sharply down 0.88% to 3837.98 points. Either in the 3850 points, a significant technical threshold, which has not happened since March 18 last. Even bad mood: the London Stock Exchange was down 0.95% at 5808.89 points while in Frankfurt the Dax loose 0.61% to 7060.23 points.

On Tuesday, the benchmark index beyond the Paris Bourse had managed to achieve a small rebound. But since the Fed has made comments that disturb operators, already worried by the weak U.S. economy. In a televised speech in Atlanta, its chairman Ben Bernanke said that economic growth across the Atlantic remained "desperately slow" and that it required the maintenance of a "monetary policy complacency."He said that "growth should recover somewhat in the second half, but remain generally moderate. Delivered just before the close of U.S. markets, the speech was the turning Wall Street into the red. And this morning, Asian stock markets also reacted negatively.

Furthermore, growth of the emerging world should rise from 7.3% in 2010 "to about 6.3% annually from 2011-2013," considers the Bank's global economic forecast published in Washington.

French record trade deficit

In this gloomy atmosphere, the markets will monitor several indicators, mainly European.

– In France, the trade deficit set a record high in April to 7.14 billion euros, against 5.91 billion in March, seasonally adjusted data, the Customs said Wednesday.Moreover, the deficit of state budget stood at 61.4 billion euros in late April against 56.2 billion a year earlier, according to data released Wednesday by the Budget Ministry.

– In Germany, exports fell 5.5% in April on a month and imports by 2.5% over the same period, according to preliminary data adjusted for seasonal and calendar published Wednesday by the Federal Statistics Office . Other bad news, industrial production in Germany fell 0.6% in April on a month, its first decline since December, after rising 1.2% in March, said Wednesday the Department of Economics.

– Economic growth of countries in the euro area was well brought up to 0.8% in the first quarter from the previous quarter, Eurostat said.In one year, growth was also confirmed at 2.5%.

– U.S. stocks of crude oil dropped ten times more than expected last week in the U.S., but gasoline inventories rose sharply, according to figures released Wednesday by the U.S. Department of Energy. Then 20 hours, the Fed will deliver the findings of its Beige Book.

Side currency, the euro lost ground against the dollar Wednesday after being around $ 1.47 the day before. To 17 hours in Paris, the single European currency traded at 1.4575 dollars against 1.4688 dollars late Tuesday. Oil prices were, themselves, without direction in electronic trading in Asia in anticipation of an OPEC meeting in Vienna in the day that might decide to increase production.A barrel of light sweet crude for July delivery took 7 cents 99.16 dollars while that of Brent North Sea crude for delivery same retreated 48 cents to 116.30 dollars.

Banks still abused

No value of the CAC 40 is in the green at closing. On the SBF 120, Groupe Eurotunnel rises of 0.88%. The operator of the Channel Tunnel has won the tender launched by the great seaport of Bordeaux to determine the particular conditions of access to the network of railways, said on Tuesday a statement from the group.Saft rises of 0.80%, HSBC rose to overweight on the title.

Back on the Cac 40, Alcatel-Lucent shows the largest decrease: -3.26% to 3.65 euros.

Sanofi Aventis, valued for his defensive forward timidly from 0.17% to 52.33 euros.

Banks are generally downward: Natixis (-2.07% to 3.50 euros), Societe Generale (-1.39% to 39.79 euros) and BNP Paribas (-0.82% to 52.21 euros ) undergo further profit taking.

PPR: -1.67% to 115.15 euros

The group announced it is extending its takeover offer for the American Volcom until June 16

Hermes: +0.08% to 187.80 euros, LVMH: -1.11% to 116.30 euros

The group returns to its highest in October 2010 and outperformed the other lasting values ​​of luxury in favor of speculation about a takeover at the end of the saddle by LVMH, which already owns more than 20% of a group supported by sustained growth .

Schneider Electric: -1.34% to 110.70 euros

The authority of U.S. markets, the SEC filed a complaint for insider trading around the offer of French Schneider Electric on the Spanish Telvent. According to a warning issued Tuesday on the website of the SEC, this crime would have allowed the authors to make a profit of about $ 475,000 in total through the sale of option contracts Telvent acquired before the announcement of massive Schneider's offer.

Renault: -2.20% to 36.72 euros

The decision of the Court of Appeal of Versailles on the possible recognition as an occupational accident suicide in February 2007, Raymond D, employee Technocentre Renault in Guyancourt (Yvelines), is expected Thursday.The suicide of Raymond D was the third employee of the Technocentre in the space of four months between late 2006 and early 2007.

Belvedere: stable at 61.48 euros

After the decision of the Court of Appeal of Dijon, on Tuesday to confirm the cancellation of the safeguard procedure, the band announced that it "remains open to an agreement with its main creditors in the run to finish with a conflict that has lasted too long. "

BioAlliance: + 1.78% to 6.30 euros

The group wants to create a commercial structure for selling online in Europe's orphan drugs in oncology while pursuing its strategy of licensing agreements for its specialty products.

NYSE Euronext: -0.54% to 24.06 euros

NYSE and Deutsche Börse have announced a special dividend of 2 euros per share for shareholders of the combined group

GDF Suez: -0.49% to 24.43 euros

Group CEO, Gerard Mestrallet, warned Tuesday against Montreal seduction exerted excessive public opinion renewables, noting in particular the high cost of wind power."These are intermittent energy sources that will require large reserve capacity, which will be based on natural gas because of the ease of use of gas turbines," he told the International Economic Forum of the Americas.

Total: -0.20% to 38.21 euros

The U.S. manufacturer SunPower solar panels, partial target of a takeover of French Total, raised its forecast Tuesday quarterly revenue but warned that its margins could suffer from falling prices.

Next recommendation, after Exane BNP Paris yesterday, Credit Suisse rose to "outperform" on the title Michelin (-0.14% to 63.70 euros).

Please note that Air France-KLM will unveil its traffic in May after-hours trading. Valeo and Sopra hold their general meetings and Gifi publish the results of its second quarter after market close.

If we consider the G8 countries (Germany, Canada, United States, France, Italy, Japan, UK and Russia), high-growth countries (Brazil, India and China) and those on the very edge Canvas (Sweden, South Korea), this share rises to 3 low rates payday advance.4%. In these thirteen countries, says McKinsey, the Internet industry creates 2.6 jobs for every job destroyed. From 2004 to 2009, digital has contributed to 11% of the growth of these countries.

The RSA is still too much to summarize for the assistantship. This is the opinion of the UMP on the social benefit created in late 2008 to replace the RMI. A member of the majority – Peter Lang – early April has filed a bill to require their recipients to perform twenty hours of community service per week. Right about the club's social ex-Secretary of State for Employment Laurent Wauquiez, he is preparing to request a return for five hours per week.

Recognizing this, the Head of State asked Marc-Philippe Daubresse, deputy secretary general of the UMP him "to make proposals to improve and upgrade the RSA, including its component insertion. That's why Martin Hirsch, the "father" of the RIAA, wrote to the former Minister for Active Solidarity letter – that Le Figaro was procured – to inform him of his "reform possibilities."He also said "available" to the convention that the UMP will devote to this subject in June and hopes to "be invited".

The former High Commissioner suggests to integrate RSA's earned income tax, "as expensive, ineffective, inequitable and diluted." One option discarded in 2008 that would "refocus budgetary resources on those who need it most." The president of the Civic Service Agency also proposes to revise the "slope" of the RSA (rate of income related to the resumption of employment that recipients are sure to keep). Set at 62%, he suggested the move to 70% for the RSA is "more incentive to work."This option was not selected in 2008 because of its cost ($ 3 billion, twice the budget approved) and the opposition of the Ministry of Employment.

"False good idea"

To increase the number of beneficiaries of the "RSA activity" (extra income for working poor) has reached in two years that 40% of its target (670,000 households), the former boss of Emmaus proposes to pay The RSA once a year. "A person would not file quarterly for 40 euros per month could ask the same time it made its return all the RSA which it could claim the title of the year, or 500 euros "says Martin Hirsch.

It encourages governments to "re-information campaigns, pointing that it is" rare and unusual "that a new benefit does not give rise to regular campaigns.And calls of "systematically provide a single integration contract" for recipients and above all to punish the double rejection. "This will help determine in what cases are the recipients who refuse a contract and helped when it comes to a lack of offers," he justified.

Martin Hirsch also reconsiders the "false good idea" to request a free exchange. "If we want to take five hours per week of activity to any recipient, then they must pay the minimum wage, or about 100 euros net gain", the only assumption that "do not turn your back to frontally work more to earn more .He blames the failure of the last RSA Young (8000 recipient, cons 16,000 expected) at Bercy, who made "a very inflated forecasts, for pushing the eligibility criteria strictest possible" and calls on the government to relax .

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