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Moscovici, Europe specialist at Bercy

admin — Thu, 17 May 2012 08:32:24 +0000

In 2008, he cherished the hope of becoming the first secretary of the PS. But he had finally lined up behind the candidacy of Bertrand Delanoe. In 2011, he thought he could be a candidate for the Socialist primary. Then he threw in the towel, choosing to support Dominique Strauss-Kahn, then rallying Francois Hollande not without obtaining the position of campaign manager. Pierre Moscovici, 54, has learned to give up. Here he is rewarded. He is back in force to the government and assigned the Ministry of Economy, Finance and Foreign Trade. Certainly it does not get the Quai d'Orsay which he dreamed, Laurent Fabius was his favorite. But he inherited a portfolio to match its ambitions. And thereby in passing some disappointed, Michel Sapin in mind. "Mosco" consensual socialist, social democrat, is now a heavyweight team Ayrault, number five in protocol order.

It is he who will be at the forefront of the debt crisis. There is no shortage of assets since knows the workings of Europe. He was, for five years, from 1997 to 2002, Minister Delegate for European Affairs in the Jospin government. At the time, the rise of the Express near the then prime minister, who had just been elected deputy of the Doubs for the first time, had been criticized. But, he will prove himself. Former MEP, a graduate of Sciences Po and ENA, he will prepare no quack the French presidency of the EU, negotiating the Treaty of Nice and the European Constitutional Treaty. During this period of cohabitation, he managed also to find his place against Jacques Chirac. In fact, the President of the Republic and the Socialist Minister for European Affairs are of course in these five years: Chirac taking the young minister with no experience under his wing, even to comfort him when he doubted. An agreement with Lionel Jospin was annoyed.

After the failure of the left in 2002, Moscovici was defeated in the parliamentary elections in the Doubs. A year earlier, he had already failed to municipal Montbéliard. Without parliamentary seat, without mayor, he tried his luck with the 2004 European and found his seat in Strasbourg. In 2007 he was again legislative candidate in the Doubs. This time he wins.

Pierre Moscovici, tried by the Revolutionary Communist League when he was young, joined the PS in 1984. He was close to Michel Rocard, Jospin and Dominique Strauss-Kahn, his former professor at the ENA. He is the son of a social psychologist Serge Moscovici, who was a member of the Romanian Communist Party and fled his country in 1947. Pierre Moscovici was the first to openly criticize the Socialist Francois Mitterrand and his relationship with Rene Bousquet. "What shocks me, he said, is that he can spawn with someone who has been a tool of the state anti-Semitism and an accomplice of the final solution of the Reich." … …..

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A new tech bubble

admin — Wed, 09 May 2012 05:16:07 +0000

The advertising deal Yahoo and Microsoft extended in France

admin — Sat, 05 May 2012 23:52:10 +0000

Finally! Nearly three years after entering into partnership, the Alliance Search, research online, the Microsoft and Yahoo! extend to Europe. The operation aims to add Internet searches conducted since those of Yahoo! Bing, the search engine from Microsoft.

This partnership aims to bridge the delay between the two groups facing Google. They desperately need to increase their market share. First, because the algorithms used by search engines feed on queries made: most recent, the stronger the results will be relevant by users.

By capturing more online research, Search Alliance also aims to improve the profitability available to online advertisers and attractiveness. Furthermore, this joint platform simplifies the management of advertising campaigns for advertisers. Thursday, May 4, customers advertising French, British and Irish Yahoo! Search have been switched on the Microsoft platform Adverstising Center. The next step will concern Germany, Switzerland and Austria.

On paper, this combination has many advantages, including simplification, and the advantage of offering an alternative to Google. The only problem is that people do not follow. In the U.S., Google holds nearly two-thirds of the market for online search. Just over 80% in France.

The CEO of Yahoo! lied on his CV

In addition, the deployment of this agreement is particularly slow. Especially in a world that is changing as rapidly as the Web. While Google reflects on responses to set up facing the rise of Facebook, Search Alliance is still looking to counter Google.

And for good reason. The agreement between Microsoft and Yahoo! on-line search was concluded in July 2009. Two years after having negotiated, Carol Bartz, Yahoo! CEO then, decided to suspend operations because of disappointing results, especially for sponsored links. Since then, Carol Bartz was dismissed with loss and noise, before being replaced four months later by Scott Thompson.

But Yahoo! unlucky. Only the group he was commended for a new CEO is a scandal erupted on May 3 Scott Thompson lied on his resume. The man claims to computer science graduate from a prestigious university. It actually has a degree in accounting. The information was revealed by Dan Loeb, head of a fund activist who is seeking seats on the board of Yahoo!. And now, the head of the new boss. If he defends himself by noting that it is just a simple "failure", that is not enough to silence the fire from critics.

United States, we do not mess with the lie. This controversy could not come at a worse for Yahoo!. Already analysts are betting on a possible resignation.

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Safely: candidates clarify their program

admin — Tue, 10 Apr 2012 20:16:14 +0000

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.

EDF poised to win the French offshore wind

admin — Wed, 04 Apr 2012 08:24:08 +0000

For tender in giant offshore wind, it's time for final arbitration. After a series of exchanges non-stop for 48 hours at the top of the state, the verdict is very close and although nothing has yet been formalized, EDF would be the big winner. The electrician tricolor should be assigned by the government three fields respectively in Saint-Nazaire (Loire-Atlantique), Fécamp (Seine-Maritime) and Courseulles-sur-Mer (Calvados).

A total of five fields within the scope of this tender, but the allocation of the remaining two sites – in Saint-Brieuc (Côtes d'Armor) and Tréport (Seine-Maritime) – could be called a later date. The schedule is not known but "a period of discussions should be reopened," does one advance in the entourage of the file no fax payday loans. Some background information might be reconsidered, particularly affecting the price of electricity.

If this scenario occurs, EDF would therefore gain all of the fields for which the government has decided. It would be a victory for the utility but for its main partner, Alstom, which would be commissioned to build and assemble the wind turbines. Two weeks ago, the industry group presented in Saint-Nazaire the prototype of his machine: it has a capacity of 6 megawatts (MW), making it the most powerful wind turbine market.

Lefigaro.fr sign a record 8.8 million visitors

admin — Fri, 24 Feb 2012 14:32:16 +0000

Lefigaro.fr is the first news site in France in January. The study Médiamétrie / NetRatings, it was viewed by over 8.8 million unique visitors a month. A hearing is always the historic site of Figaro to a million users of the follower.

Development, the second place, occupied by Orange in December, was conquered by the Nouvel Observateur. High of 7.7 million unique monthly visitors, the site of the weekly benefits from the integration of "pure player" Rue89, bought in December.

Launched in late January, the site of the Huffington Post has also brought new visitors to the World, which brought together a total of 7.3 million Internet users in January. The web offers daily evening was nevertheless made the steal third place from the site of Le Parisien / Today in France, with nearly 7.5 million unique visitors.

January has generally drawn the hearings of the press line up. Portals and aggregators of articles edited by tech giants have, themselves, not take advantage of the French appetite for news. Orange News was relegated to sixth place in the ranking with 6.7 million unique visitors, Yahoo! News is eighth with 5.4 million visitors, MSN News and Google News are respectively the 11th and 13th.

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admin — Wed, 09 Nov 2011 16:12:16 +0000

Company margins have never been so high, companies are full of cash, they were debt-free … and yet their share price despair managers. Some values, such as Peugeot, Air France and Lafarge are at their lowest for 20 years. "Since 1990, the profits of European companies have more than doubled, while the PE (valuations on the stock exchange), declined. But will there for years or decades to return to normalcy "asks Jacques Burlot, manager" action "Tocqueville Finance. The management company is nevertheless optimistic about business conditions. "Their margins may decline, but not collapse.There are of course cycles, but historically each drop, the level reached is higher than the previous "says Nelly Davies, also manager at Tocqueville, which lists all the supporting factors that benefit companies: inflation remains low, interest rates are at their lowest, the cost can be further reduced through outsourcing, wage inflation is zero and productivity gains have not been completed payday loans. However, managers are careful Tocqueville predicted a bright future for investors. "Trying to predict the future is a waste of time. Remember Goldman Sachs, which in March 2008 predicted oil at $ 200 a barrel at the end of the year. He had fallen to 50 dollars "they ironically. What to do? Forget the computer screens, and visit the companies consider their strategy, the quality of their management.

The recapitalization of banks is launched

admin — Thu, 27 Oct 2011 04:04:06 +0000

Not everything has dragged on last night in Brussels. From 20 hours, the heads of state of the 27 EU countries have approved the launch of a large recapitalization of European banks, encrypted by the industry policeman to 106 billion euros. The principle was in fact acknowledged the last Saturday by finance ministers.

106 billion euros. This figure results from the examination of bank balance sheets after taking into account the loss of value to the end of September of sovereign debt Greek, Irish, Portuguese, Spanish or Italian, but also gains recorded on their German or British counterparts. On this basis, regulators assessed for each bank the way to go to 9% of regulatory capital ratio ("core tier 1" prudential banking jargon). This objective will be achieved on June 30 at the latest.And the addition is particularly heavy for Greek banks, of course (30 billion euros), but also in Spain (26 billion) and Italy (14.8 billion). In France, the bill is estimated at 8.8 billion, Germany at 5.1 billion.

A new showdown promises

This total was largely anticipated by the market and the banks themselves. However, a new showdown between the industry and promises to the authorities. "We ask banks to recapitalize. Not to cut their balance sheets, "argued a senior Wednesday ahead of the summit. Number of facilities provided to achieve because much of the effort flopped the sails, that is to say, by limiting their activities consume the most capital. But Europe is concerned about the impact of these strategies on the distribution of credit, especially in the east where the industry is largely owned by groups of Western Europe.The Council of the Union has insisted on its vigilance on this point. And regulators have developed their doctrine accordingly. End of June 2012, they calculate the ratio of each bank according to its balance sheet at September 30, 2011 …. It is therefore too late to play on the variable of total assets. Only an increase in capital will reach the famous 9%.

Putting aside the benefits

To avoid making capital increases in market conditions given the state of detestable share price values the industry or, worse, to use the state to bail out the banks who can n ' have only one option: to put their profits in reserve, probably in much higher proportions for use. This means that the shareholders of the banks concerned will receive little or no dividend next year.Politicians hide it just, that sacrifice is almost as an objective.

All has not been lost to the banks. The Council of the EU, the European Banking Authority, promised to lay the foundation for coordinated action to help them take on the market. The sovereign debt crisis cut investors' appetite for foreign bank debts. However, they will raise more than € 600 billion next year. The European Central Bank has opened the floodgates of funding up to a year. But it can do much more as the industry needs stable funding, so many years. Government guarantees could be implemented.

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The UMP suggest new austerity measures

admin — Tue, 25 Oct 2011 12:40:14 +0000

The UMP deputies know that the growth forecast (1.75%) on which the draft budget for 2012 is revised downwards, and a new train of savings 5-7000000000 necessary, in addition to 11 billion already planned for next year. "The 2012 budget is credible, but it can be denied by a significant slowdown in growth," Analysis Louis Giscard d'Estaing. The Vice-Chairman of the Finance Committee of the Assembly recalls that "the time of the government of Lionel Jospin, it was the logic of the cicada, while in Germany Gerhard Schröder had imposed a cure without reduction of wage restraint working time, in line with the ant. But the wind is coming … "says the deputy of Puy de Dome, paraphrasing the fable of La Fontaine.Vice President of the National Assembly warned the Socialists: "Those who would maintain the idea that there is room for maneuver in the reuse of public spending, as does Francois Hollande, would directly threaten the notation France and our ability to deleverage. "

However, Louis Giscard d'Estaing is convinced that there is still food for thought in the financing of 35 hours. He will file an amendment in the bill funding the Social Security (PLFSS) for further reduce the limit on exemptions from employer contributions on wages at 1.5 times the minimum wage (currently against 1.6). Which would represent just over one billion euros in savings, if the measure comes into force on 1 January. He even suggested to lower the ceiling to 1.4 times the minimum wage in July 2012 to "give companies time to adjust."The UMP also suggests to "a general movement of the plane of the allocations to the operators of the state" by reducing them to 3% in 2012 No teletrak payday loan.

"Do not replace two staff on three"

In this area, Hervé Mariton (UMP, Drôme) also proposes to "ease the regulations that impact cost." Other proposals of the Liberal "not to replace two of three officials" and "examining investments less profitable," particularly in the area of infrastructure. "Do not panic about short-term savings. We will be judged on the strength and seriousness of a savings plan in the long term, "said Mariton. Special Rapporteur of the mission work jobs, Chantal Brunel (UMP, Seine-et-Marne) will propose to leave the tax deduction on home jobs "all leisure activities and relaxation."Isabelle Vasseur (UMP, Aisne), Rapporteur of the Finance Committee on Social Security Financing Bill, will propose this afternoon the establishment of "prevention, source of major savings in health" she assures.

The former chairman of the Senate Finance Committee Jean Arthuis think we need to "reduce the amount of grants to local authorities" and "to lower executive compensation operators of the state." Former budget minister, Dominique Bussereau is more cautious: "We are still on the bone. The revision of public policies (RGPP) was very effective, so that the state is under-Box at the local level, "says he.

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Moody's AAA rating the threat of France

admin — Wed, 19 Oct 2011 01:40:15 +0000

Moody's brandishing the sword of Damocles. The rating agency, which last week confirmed the AAA rating of the French debt, is now planning to revise its position on the "stable" outlook for this post. "Over the next three months, Moody's will monitor and evaluate this perspective in the light of progress made by the government to implement the measures announced to reduce the budget deficit," she says in a statement.

If the prospect should be revised to "negative", this would imply that Moody's would likely lower the rating over the medium term, most often at a maturity of three to twelve months.And France would become the new big country, after the United States to lose its prestigious rating that allows it to borrow on the current market conditions very favorable.

A budget supervision

In reaching its decision, Moody's analyze the ability of the French government to meet its budget commitments. She stressed that the financial strength of the French government "has weakened since the economic and financial crisis worldwide has led to a deterioration in its debt ratios, which are now among the lowest in AAA." In addition, "France could face a number of challenges in the coming months, such as the need for additional support to other European countries or its own banking system, which could increase significant commitments that must support the country's budget. "The remark came just after the adoption by the members of the guarantees provided by the French in the process of dismantling the Franco-Belgian bank Dexia payday loans for bad credit.

But Moody's does not forget to mention the strengths of the country where the government should build, "the large scale of its economy, high productivity, wide diversification, experience, innovation and a savings companies with high a moderate increase in financial liabilities of households and businesses. "These elements provide" a great capacity for shock absorption by France, as demonstrated by the strength of the demand during the global crisis, "reminds the statement.

France "will do everything possible" to keep the AAA

The rating agency said that the review is part of its annual financial statements for France and it is not yet a decision on the rating of the country.

But after this warning, the marathon budget to the Assembly for consideration of the budget 2012, which begins on Tuesday, should be closely watched.On France 2 last night, Prime Minister Francois Fillon warned it would take "new measures" austerity if France did not record a "minimal growth of 1.5%" in 2012, as the draft budget is "built on a projected 1.75% growth, but it works with a minimal growth of 1.5%."

Already, Tuesday morning, the Minister of Economy, Baroin, indicates that the growth forecast for 2012 is adopted "probably too high." He promised that France "will do everything possible" to maintain its excellent rating.

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