Countries of the euro, torn on the path of growth and the cost of austerity, are virtually unanimous on Greece. All institutions and capital combined, the pressure is on Athens and a government may be found, but already called upon to choose between honoring its commitments and the abandonment of the euro.

The hypothesis of a rupture between Greece and the common currency had found adherents in late summer 2011 at the height of the dealings between the former Papandreou government and its creditors. After two years of bailouts and broken promises, the scenario is no longer taboo. But never before EU officials had protested as loudly as the "Grexit," as they say in the markets, could be, after all, the least bad solution.

Usually consensus, the Commission president Jose Manuel Barroso, opened fire ensuring that "better" than Greece leaves the club money if it does not follow the law. Olli Rehn, his right arm, drives the point home by explaining that the eurozone is now better positioned to absorb the impact. Clearly, Athens would have no means of blackmail with its creditors. For the euro area, the Commissioner insists, "there is no way" to ease the second recovery plan, agreed in March.

In terms of capital, the German Wolfgang Schaeuble wanted to give the "A". The euro area, he said, "can support an output of Greece." And the ECB, two governors abound. If Athens does not say, "there is more reason to support it financially," Jens Weidmann advance, also head of the Bundesbank. From Ireland, a country itself on life support, his colleague Patrick Honohan said that Greece "is ipso facto recover money from the block" if it renounced the word. A set of targeted preceding the appointment of the Eurogroup, on Monday evening in Brussels.

Facade of unity

The message is more political than financial: it is to bring the Greeks – mostly attached to the single currency, according to polls – to withhold their support for extremists and to open their eyes to the illusions that make the soft budget compatible with the euro. Nothing says that this move will lead to the desired result. There is no guarantee that an outflow of Greece would benefit its partners, beyond the political failure it would spend for the common currency and the EU as a whole. Council President Van Rompuy, more nuanced, notes that "the solution to the crisis is growing in Europe."

The puzzle Greek allows at least a facade of unity with leaders of the common currency. At the Eurogroup, two other cases may show otherwise divided, at least undecided: first, how to behave with respect to Spain, apparently unable to meet the target of a budget deficit reduced 3% in 2013, then a game of musical chairs constantly postponed at the head of financial institutions of the EU. Are concerned at least four sensitive positions: President of the Eurogroup (for which the German Wolfgang Schäuble is a candidate), the general direction of the new permanent emergency fund SS, a position at the ECB Executive Board and, finally, the Presidency of the European Bank for Reconstruction and Development (EBRD). On this seat, Paris and Berlin diverge, to the despair of many Europeans. French side, the absence this Monday night at the Eurogroup of finance minister – Baroin, outgoing holder of the portfolio, did not go to it – will add to the inertia.

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"The year 2012? It will be for managers of private two-tier one year, with a side business confident in their investment and hiring, and the other companies in the uncertainty and lack of visibility on their backlog. I think this is true for regions: some are well oriented, others display recruitment forecasts downward, "says Pierre Lamblin, Director of Studies of Apec. According to the Association for the employment of executives, three regions are traditionally large purveyors of jobs: the Ile-de-France, Rhône-Alpes and Provence-Alpes-Cote d'Azur (PACA), with 45% of GDP and over half of employment in the private sector framework.

Occupational mobility

This year, the Paris Region companies provide hiring 67,900 to 87,800 frames. "Although the Ile-de-France is a region of opportunities, we note that some executives to leave the better quality of life from 35-40 years. Conversely, applying the Paris region makes sense for executives in the provinces, for example after a hiccup or when the ambitions of growth are not up to par, "said Didier Gaillard, CEO of the firm Expectra. A study by Trendeo on employment in the territories has also established that the Ile-de-France, between 2009 and 2011, has a balance of negative job creation of over 7,000 positions, while Aquitaine shows a positive net balance of 12,340 positions.

In Rhone-Alpes, hiring forecasts recorded by Apec range between 16,600 and 19,900 jobs. Assets of the region? Two strong economic centers around Lyon and Grenoble, a structure of skilled jobs and a good balance between industry and services, type of activity and company size, which smoothes the effects of any economic downturns. "There's always a nice dynamic in sectors such as IT, where even we suffer from a shortage of candidates with hard to fill a good half of the jobs entrusted to us. Rhone-Alpes region is however that manages to attract candidates from other geographical origins, "says Jerome Lieutier, regional head of Expectra. With 61% of executives recently installed, the region is one that seems to attract as many newcomers to the Southwest (57%) and Southeast (59%) says a recent study by Michael Page on the situation frames into regions. In the same study, two thirds of executives surveyed nationally had changed region at their last job transfers.

For Paca, the situation appears more mixed. Companies counting on 11,100 to 14,200 recruits executives, representing an increase from – 10% to 15% depending on the scenario compared to the previous year, according to figures from Apec. Regional Sales Manager for the firm Kobaltt, which operates in the business accounting finance, engineering and IT and telecoms, Gregory Blazquez confirms: "In our business, Paca has declined since the end of last year . "

9000 industrial jobs in Midi-Pyrenees

Although relying on smaller volumes of recruitment, other regions have their own in the game This is the case of the Auvergne, driven by the dynamism of Michelin, or Midi-Pyrenees, which displays recruitment needs in the industry (including Aeronautics) of 9000 new employees in the next two years.

Regional Manager for the Western region Expectra, Isabelle Rivard also recalls that the Brittany and Pays de la Loire together with sectors such as aerospace, shipbuilding, biotherapy, or IT and telecoms: "In this last sector, we face a real shortage of candidates, which has always existed, but was strengthened. "The West wins the prize for satisfaction with 94% of managers satisfied with the region in which they work, according to study of Michael Page on frameworks in regions. 

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Very offensive, Eric Leclerc, head of site leparisien.fr, stated flatly: "In 2007 we were in cabbages, with 300,000 unique visitors per month. Today we have peaks at 5.6 million. ".

National information site highly leveraged local info, leparisien.fr is a special case. 74% of its visitors live outside the Ile-de-France. It is therefore the first and by far, in attendance among the sites of the regional daily press, with 38 million total visits, according to OJD. "Our strength is responsiveness, explains Eric Leclerc. Once an event of national scope is identified, it sends reporters then fed into the site every minute. "

The Battle of the hearing, everyone is set. In the footsteps of their fellow Ile, sites in regions learn to boost their traffic, high growth in recent years. Ouestfrance.fr, which generates 45% of its traffic outside its coverage area, also focusing on the hot news, the "breaking news" and the video. The hearing ladepeche.fr out of the Midi-Pyrenees region reached 36%.

The events taking place in regions which detonate hearings fast payday loans. Thus, the case Merah ladepeche.fr allowed to reach over 12 million visits, as many as ouestfrance.fr. And the day after the election of Miss France in Brest, on December 4, the hearing on letelegramme.com reached 290,000 visits.

More services

The next battle is the pay info. Ladepeche.fr is not the only site to clear this minefield. "We do not expect to be profitable to invest," said Fabien Charmetant letelegramme.com support the site, which, as lavoixdunord.fr, began to form bases of loyal readers online and then look to monetize content.

The big question is which. If free access to information is an unavoidable, media groups know that the information value-added will have a future where users have been réhabitués to pay. In the short term, the safest path is to create more services, that, by their proximity to natural, local newspapers are able to do. Even if they have to relearn this role in a highly fluid technological environment.

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It would have been a shame to keep the good news to yourself! With two months ahead of the traditional Accounts Committee of Social Security, the government announced Tuesday that the results "still provisional" general scheme for 2011. The deficit reached 17.4 billion euros, 3.5 billion less than budgeted and $ 600 million better than expected in the fall. This "hole" remains the third highest in the history of Social Security, according to records from 2009 and 2010 mainly due to the crisis. The improvement should continue in 2012.

The relatively good surprise of 2011 comes from the health insurance. Its revenues were higher than expected and expenditures lower. "This is essentially care city," said its director for Voices. For Frederic Van Roekeghem although welfare is "slightly under-funded," balance the books "is within reach, without embarking on reforms brutal." A whiff of optimism that the two favorites for the presidential does not contradict probably because of brutal reform, there is no question in their programs.

A tax on CO2 emissions

Logically, Nicolas Sarkozy proposes the continuation of actions taken. Down drug prices and volumes consumed, rationalization of the hospital with the development of ambulatory care homes nearby emergencies to relieve these …: these measures should help contain rising health care costs in rates historically low of 2.5% per year. Faced with medical deserts, the president candidate wants to multiply nursing homes and assist in the installation in rural areas or the suburbs – an ineffective way to date – without seeing the freedom of settlement. Against the excess fees excessive, he put on the new system of government (voluntary physicians to limit the excess and reimbursement by complementary), which does not yet meet the main question.

Nothing fundamental about the pension reform after Woerth – only promise to pay the basic pension from the first of the month, instead of 8. Finally, funding side, social VAT will alleviate employers' contributions, so the cost of labor.

Francois Hollande,, cancel account this increase in VAT if it comes at the Elysee. He announced an increase of one billion euros per year pension contributions to fund its only specific promise in retirement: the possibility of retiring at 60 for employees who worked continuously for 41 years. But he also outlined on Tuesday lexpress.fr other avenues for funding Social Security is no longer based "solely on the work", "go further" in the financing of Medicare by the CSG in particular. This time it would reduce employee contributions – a measure of purchasing power rather than competitiveness, without maturity displayed. The socialist candidate also evokes a tax on CO2 emissions it would be at the European level, said his entourage. Responsible for the "social hub" of the Holland team, Marisol Touraine also promises to abolish social niches, beginning with the overtime.

What Safely restore the balance "on the five-year", with an increase in health spending of 3% per year. This envelope would enable hospitals to escape the alignment of their tariffs with those clinics, lower. Holland is also focusing on third-party payer in town doctors to limit the use of hospital emergency rooms. And to reduce the amounts paid out of pocket by patients, without increasing spending Safely, Marisol Touraine threat to frame the excess fees by law in the fall, except that physicians accept by there limits through negotiation. As for medical deserts, it envisages the partial transposition of the device begins to bear fruit among nurses: ban fees for doctors free to settle where they are already numerous.

]]> http://sundialsnakes.com/safely-candidates-clarify-their-program/feed/ 0 http://sundialsnakes.com/injected-25-billion-in-investments-for-the-future/ http://sundialsnakes.com/injected-25-billion-in-investments-for-the-future/#comments Thu, 22 Mar 2012 03:08:14 +0000 admin http://sundialsnakes.com/injected-25-billion-in-investments-for-the-future/  

In the context of the presidential campaign, while the left and right compete with virulence, it is an image that does not lack piquancy: two former prime ministers of opposite edges, on a single platform, providing in substance that not a leaf of cigarette paper between their appreciation … not on the investment program for the future. "We welcome the results of this initiative," assured Alain Juppé and Michel Rocard, both co-chairs of the supervisory board of investment for the future, the program led by Rene Ricol.

Two years after the decision to launch a national loan of 35 billion euros to fund the priorities of France tomorrow (higher education and research, industrial sectors and SMEs, sustainable development, digital economy), 894 projects are already funded, according to the latest report released Tuesday. To date, 25 billion euros have been allocated to projects and "several thousand companies benefit directly or indirectly cash advance loan." The leverage of the device should also allow the injection of private money euro per euro of public money.

The General Commission for Investment, has been praised for not having done dusting, not to have been influenced by considerations of land use and to have "ended the French habit of the grant ".

The program funds both campuses of excellence that future vehicle projects, digitization of French films, new generation nuclear reactors or the refurbishment of some thermal units. Tuesday, ten projects were selected in the field of e-education (8.3 million euros in total). Two poles university hospital oncology (Ile-de-France and Toulouse) were also selected (10 million each).

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To date, the year 2011, European banks had to repay 888 billion dollars to creditors (all types of bonds combined), but they could borrow 744 billion dollars over the period, reveal Figures released by the firm Dealogic. A gap of nearly $ 150 billion that masks a number of phenomena. On the one hand, banks that can accumulate "cash payday loans direct lenders."On the other, those, more numerous, which are structurally borrowers must find ways to bridge the gap between what they need and what they can take to prevent the liquidity crisis, that is, ie the default.

The first solution is the European Central Bank, which opened more widely its counters. Heavily used by institutions Greek, Irish and Portuguese, these facilities are also becoming critical to institutions whose country of origin still have access to markets. Spanish banks borrowed 86.2 billion euros at the ECB at the end of October (7 billion more than at the end of September).

"Our proposals meet the shared view that we must reinvent the governance of water, take into account environmental and social issues and meet the high demand for information from citizens," said Philippe Maillard, the new head of the Lyon water, which presents on Tuesday, the Congress of Mayors of France, the "contract for water security."

After the turn made by Paris in 2010, several cities are planning to remove the water management to private operators to switch to public ownership. Bordeaux switch soon. Evry, Lyon and Lille are wondering.

It's a surprise, as many as four French banks are listed: BNP Paribas, Credit Agricole, Societe Generale and BPCE. Including Dexia, the Franco-Belgian bank in difficulty, the quota is the tricolor represented after the eight listed U.S. banks, JPMorgan and Wells Fargo, to Goldman Sachs. Are also four British, three Japanese, two Swiss, or an Italian bank (UniCredit) and Spain (Santander).Bank of China, finally, is the only Chinese bank to integrate this "elite" of fat.

These institutions, the list will be reviewed annually, will be subject to increased surveillance by the regulators. In particular, they will be more capitalized than their competitors. While the Basel Committee requires hard capital ratio of 7% for all banks, these institutions must show systemic 1.5 to 2.5 points of additional ratio by 2019. The exact level will be set for each speaker in 2014.

Pay the piper

This is for the authorities to break this hellish dynamic in which the banks seek to become ever larger, more complex, with no risk to it since at the end is always the taxpayer who pays the pieces.

Accuracy that allows Standard & Poor's to stand out from its counterpart Moody's, which launched a few days ago warning of a possible future revision of his opinion of the French debt.Fitch has also distanced itself from Moody's, ensuring that it does not intend to degrade the rating of France.

Without growth, no AAA rating for France

S & P has built these "stress tests" on sovereign debt from two batteries of different assumptions. In the first scenario, it assessed the impact of a relapse into recession. In this case, France could see its rating downgraded from AAA to AA +, because of lower tax revenues.

In the second scenario, which provides a relapse into recession coupled with a shock on interest rates, then the note of the French sovereign debt could be lowered by two notches.The notes of banking groups could also be revised.

"The soaring deficits and the recapitalization of banks will weigh heavily on the indebtedness of countries in the euro area," said the head of credit analysis in Paris, adding that "the credit quality of the countries in the euro area will thus be deeply damaged. " The rating agency also said it will adjust its ratings depending on the extent of the downturn on the Old Continent.

For now, the assumption of a recession in the countries of the euro area is not the scenario preferred by S & P, which focuses on growth of between 1% and 1.5% on average for 2012. This is not the case of Fitch."The intensification of the crisis in Italy, Spain and other countries in the euro area under pressure, is expected to generate a recession," says David Riley, head of credit ratings of sovereign debt at Fitch.

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Investors seem reassured by the willingness of European leaders to develop concrete actions to leave the eurozone its difficulties. Among them is the establishment of an agreement in principle to toughen the Stability Pact and fiscal discipline common in the EU, which provides for sanctions for countries that would leave too lax spinning their deficits. Another reassuring element: the willingness of German and French leaders to avoid an out of Greece in the euro area and the Greek government's determination to break the budget impasse.

Brazil and Russia have also said they were considering a support action. While international solidarity is organized to support Europe, Christine Lagarde since Washington recalled the need for world leaders to "common front" to avoid falling into a global recession will spare "person business card."

These statements on the euro area, combined with bargain hunting, did overshadow the release of mixed U.S. indicators (including the employment front) and European (growth on less-than-expected expected in the second half).

Side values, the banking sector was further illustrated by a sharp rise. Operators have particularly appreciated the decision taken by the central banks of the richest countries to take concerted action to expand the supply of banks in dollars.BNP Paribas is the largest increase in the ACC (13.38% to 30.50 euros). It is followed by Natixis (7.12% to 2.49 euros), Axa (6.49% to 9.89 euros), Credit Agricole (5.89% to 5.52 euros) and Societe Generale ( 5.44% to 18.33 euros). The area was not affected by the announcement of the massive fraud that hit UBS.

Another day value, LVMH, which climbed 3.44% to 115.65 euros after announcing choosing Jordi Constans, come to Danone, to succeed Yves Carcelle at the head of Louis Vuitton in 2013.

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