Credit Agricole's profit drops 75%

11th May

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Officials: workforce stabilized

8th May

 

The election of Francois Hollande, Sunday marked the end of one of the major political acts of the quinquennium of Nicolas Sarkozy, the non-replacement of staff on two retiring. A policy that led to the elimination of 150,000 jobs in the State Civil Service from 2008 to 2012.

The socialist president wants to create the contrary, under his five-year, 60,000 positions in 5000 and National Education in the police, gendarmerie and justice. These recruitments will rise gradually in charge. But as from September 2012, Francois Hollande affect 1000 additional teachers in French schools. However, the new president said he would not increase the total number of state officials in the next five years.

In light of new posts in the Education, Interior and Justice, the stabilization of the workforce including the abolition of jobs elsewhere. The entourage of Francois Hollande said that the army has already planned to reduce its workforce by 8,000 jobs per year and that is enough to "find" to delete 5000 jobs per year in other departments. And also to emphasize that there are 60,000 jobs in duplication between state and local governments.

Officials should not expect a boom in terms of pay. Francois Hollande promised to quickly organize a conference with social service unions, but also announced it would not be possible to do everything at once. Encrypted program also provides for a stabilization of the payroll of the state. Officials saw their index point, which is the basis for their compensation, frozen in 2011 and 2012. This is likely to last.  

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3rd May

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May 1st has rarely been apolitical

1st May

 

It is wrong to believe that May 1st is "traditionally" non-political in France! Since the first observance of Labor Day in 1891 in the Hexagon – which ended in a shootout by 9 victims in Fourmies (North) -, the protests have always been exploited politically. Including the left, which long ago found a way to fight "big capital". It was in Paris in 1889, at the meeting of the Second Socialist International, as of May 1 was chosen to celebrate Labour Day. The idea came from Raymond Lavigne, an elected socialist Bordeaux. Other collusion, Marshal Pétain decreed in 1941 the statutory holiday of May 1st "Labor Day and national harmony" on a proposal from René Belin, a former leader of the Communist wing of the CGT became Minister of Labour.

For ten years he has not had a chance without the left calls its members to inflate union marches to protest against the political right. In 2003, to oppose the Fillon reform of pensions in 2008 for the first year of Nicolas Sarkozy at the Elysee, in 2009 against the crisis response

. Between the two towers

Recovery attempts have been such that the union leaders had to restrain the demands of socialist leaders credit score. As in 2010, full pension reform Woerth: Bernard Thibault and François Chérèque had banned members of the staff of PS to march alongside them. A compromise had been reached by organizing a photo during the transition, at a street corner, union leaders. It would have been unrealistic to imagine that in 2012, which falls on 1 May as in every election between the two towers, it could be otherwise. It is only up a notch. The dikes were shattered, and the CGT find nothing wrong with the proposal of Jean-Luc Melenchon to manifest to him. And for good reason.

This will be a year on Tuesday that its leader has taken the field against the reelection of the head of state. On 1 May 2011, on the set of "Grand Jury RTL-Le Figaro-LCI," Bernard Thibault had first confessed that he would not, personally, that Nicolas Sarkozy makes a second term. A statement that had surprised on the day of Labor Day, supposedly, "by tradition" apolitical.

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26th April

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The price of gasoline in small drop

24th April

 

Like every Monday evening, the Ministry of Sustainable Development publishes weekly reports fuel prices in France. For the first time since late January, a liter of unleaded 95, unleaded 98 and diesel show a decline. But it is minimal for the SP 95, a liter costs on average in the hexagon 1.6507 euro (against 1.6664 last week, a record) for the SP 98, it is worth 1.7001 euro (or an less than 1.7095 posted last Monday) and a liter of diesel fuel most consumed by the French, amounts to 1.4295 euro, 1.4362 against seven days ago.

This small decline is explained both by a slight decline in oil prices in recent days, combined with a slight rise of the euro against the dollar. Indeed, in one week, a barrel of black gold has risen from 104.77 dollars to 102.86 dollars on Monday (-1.8%) in New York, while the euro / dollar rose to a , 3077 to 1.3220 (1.1%). Besides these two variants, the price of gas depends on the gross refining margins, those of distribution, the rate of VAT (19 payday loans guaranteed no fax.6%) and the TIPP (domestic tax on petroleum products), attached to around 60 euro cents per liter.

According to a recent study by two economists, gas stations reflected both increases than cuts refined oil prices on their price. Supermarkets are the best students.

If Nicolas Sarkozy was elected president on May 6, so that social VAT would take effect in October. That is to say that the VAT rate will go from 19.6% to 21.2%. If, however, Francois Hollande took power, the Socialist said he would be immediately increased by 1.6 point VAT. He also warned that it would impose a freeze on gasoline prices and would set up a floating TIPP.  

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Benetton boss hands over to his son

23rd April

 

Benetton where history repeated scandals. There are a few more months, in November 2011, the Italian firm made history again by launching it's ad campaign "UnHate", featuring heads of state kissing easy to get unsecured personal loans.

Alessandro Benetton, son and heir to his wife in 2006 in Venice.

As companies struggle to recruit

22nd April

 

A textile company, for lack of sewers it needs for its plant in Quimper, creates a pathway of learning to train its future recruits? The SME Armor Lux, well known for its white wine, made the headlines this week, at a time when all candidates for president are the re-industrialization of the country one of their campaign themes.

This situation is not isolated and number of industrial jobs – welders, boilermakers, milling … – are pulling their hair to find candidates and encourage vocations. "There is a real paradox between a high level of unemployment in France and companies who are not candidates for positions in recruitment, whether welders, millers, coppersmiths, payroll technicians, seamstresses …. In total we estimate that roughly fifty so-called shortage occupations. In our business we miss about 30% of requests from our customers because we do not have the resources and this situation has been deteriorating for a decade, notes François Beharel, group president of Randstad and staffing agencies. Concretely, this means that our group could generate 30% of turnover and more. "

For him, the problem is essentially related to the collective image What these professions in public opinion. "We imagine that in the textile industry and is like 50 years ago, while the environment has changed, that wages were revised upwards and that career paths are possible." "We have to get into people's heads, and young people in particular, that the industry is clean and not necessarily noisy. In this regard, the construction was successful for several years to reverse its bad image, "says Anne-Marie Bjornson, Director of Transitions AFPA.

Develop learning

A UIMM, Joel Mendez, Director Employment and Training, said that one communicates primarily on job losses. Yet in all sectors of metallurgy, the recruitment needs estimated over the period 2007-2015 are always evaluated. Between 60,000 and 80,000 jobs per year, including 30 to 40% reserved for graduates, according to a study by the study-which will be updated in early 2012 over a 2013 to 2020 -. "There is a big educational effort and support to achieve with the companies to become more involved in processes of looking management of jobs and skills (GPEC) and assessing their future needs" says he.

According to Anne-Marie Bjornson Afpa transitions, there are ways to mount training particularly in the context of operational readiness to employment (job center) or as part of training contracts. "We are also working on the issue of transferable skills, which allow for example to a textile worker to work in the weld or a working precision to go in the car." But anticipating needs is a prerequisite and essential step, she insists.

For Joel Mendez, it is also essential to adapt the training devices to the needs, both in initial training in continuing education. And take the example of learning where the numbers in the branch of metallurgy grew 6% in 2011 (with a total of 26 000 apprentices). "At the last school year, nearly a thousand offers of learning could not be met and at the same time, the same volume of young people did not find any company. This shows that learning can be further developed and the various mechanisms put in place recently should help solve these problems. "

A situation that in any case, Francis led Beharel hammering: "stop sending generations of young people in jobs without opportunities. Spend money to know that jobs are to be filled with real careers, especially if the areas are not attractive. "

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SMEs have suffered from the credit crunch

20th April

 

SMEs have suffered worst of the credit squeeze between 2007 and 2010 than larger firms, experts say that the OECD published the first report on "Financing SMEs and Entrepreneurs" by sifting through data from 18 countries ranging from Canada to Sweden via South Korea, France, Hungary, Finland, the United States.

SMEs have been hard hit by the crisis in 2008 and 2009. Confidence indicators of SMEs in OECD countries have fallen to levels lower than those of the 1990s. Direct consequence of falling demand from mid-2008, SMEs were down to their turnover. Companies that export have suffered more than those living in their home market only because of the decline in global trade.

Risk clients unattractive

SMEs have also been handicapped by the lengthening of payment periods which continued in 2010, despite a slight improvement in the economic situation. They have experienced cash flow difficulties. Their financial situation has deteriorated. Faced with this deal, their banks have lent less in most countries in 2008 and 2009. In 2010, financial institutions continued to reduce their lending in Finland, New Zealand, Portugal, Slovenia, the United Kingdom and the United States.

In the euro area, the rejection rate of applications for credit from 12% in first half 2009 to 18% in the second half of that year. A country is an exception: France, where the percentage of refusals decreased from 12% to 7% through the introduction of credit mediation and government decisions. The public financial institution specialized in SMEs OSEO has provided 12 billion euros of loans guaranteed in 2009. According Oséo, 50% of companies having benefited from the exceptional warranty cash claim to have avoided bankruptcy. In 2010, the refusal rate financing amounted to 11% in the euro area.

Considered unattractive risk clients, SMEs were asked to provide more guarantees for credit. They paid more bank financing than large groups, despite lower interest rates. According to figures released Wednesday by the Bank of France, the cost of short-term credit to businesses rose from 2.49% to 2.42% between October 2011 and January 2012. But the cost of borrowing in the medium and long term for companies rose 4.06% to 4.21%.

The policy of the banks says that the share of SME loans, which varies according to country, between 12% and 30% of total loans to businesses, has fallen when it is already well below their weight economy and their role in job creation in normal times. Not surprisingly, the number of SMEs in difficulty increased. In 2009, bankruptcies increased in the studied countries except Canada, South Korea and Portugal. They were up in 2010 in Denmark, Hungary, Italy, Slovakia and Switzerland. Although they have declined in France, Finland, the Netherlands, Sweden and the UK, they remained at a level much higher than in 2007.

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Paris: buyers picked by hand

31st March

 

After the price surge of recent years, the Paris property market finds reason. The first stages of court or 5ES without lift no longer sold at the same price as the beautiful well-appointed apartments Haussmann. The buyers picked by hand. They take the time to compare and negotiate prices, with declines of up to 10% of the price of goods with defects. "It takes 50 days to sell a good average. Twice a year ago, "says Sebastien de Lafond, President Meilleursagents. com. Buyers are also much less likely. "There are 30% fewer buyers, but also 20% less in property for sale. The market is not blocked, "he says. The family apartments, the most expensive, more difficulty finding takers. However, small areas are more resistant. It's the same for the central districts most popular, including fourth, sixth and seventh, where the changes are smooth. Falling prices could instead be more pronounced in the south of the twelfth, thirteenth and fifteenth districts and north of the seventeenth and in the nineteenth and twentieth districts.

The neighborhood developed by:

• First, Second, Third, Fourth

• fifth, sixth, seventh

• eighth, sixteenth and seventeenth

• Ninth and Tenth

• eleventh and twelfth

• thirteenth, fourteenth and fifteenth

• eighteenth, nineteenth, twentieth

First, Second, Third, Fourth. Few offers, but more selective buyers

At the heart of the capital, the supply remains limited as always. This does not prevent the consumer to distinguish more and more good from the bad. "We continue to have an average of four buyers for a seller, says Nathalie Naccache, at the head of four Fortis Realty Century 21 agencies spread over the first three arrondissements. But when any property was posted to 10,000 € / m² is over. "For her, the year started better than expected, thanks to the proper maintenance of credit at attractive rates. More than ever, investors are there, despite the new tax, and they flock to small areas well placed. A charming studio of 22 sqm on the 5th floor without elevator, in the Palais Royal, went very quickly for € 240,000, after three visits and three offers at list price, while in Montorgueil, a comparable property is left for € 230,000 bad credit payday advance. However, if the work, maldistribution or lack of light, sales stall if a rebate of 5 to 10% is not consentie.Des more affordable prices are found on the side of the trail, the Halles or neighborhood Arts and Crafts. In the latter area, a 2 bedroom 45 sqm 1st floor but work has sold € 390,000 (€ 8,660 / m²). For its part, the shop real estate, including a network located in the Second and Fourth districts, recorded a net return to calm after an exceptional 2011. "Up to € 300,000, demand remains strong and the products go, the director notes, Thibaut Ponnat. In addition, the time of visit and sales have more than doubled compared to last year. "Among his recent sales: a 2 rooms of 28 m² with a dip in the trail, negotiated € 252 000. In the Marais, French buyers as foreigners are always present. "Simply, the French are negotiating harder, says Fabienne Zouari, director of the agency Orpi the third. There is no real price declines, but the estate with defects are selling more slowly and with a discount of 5%. "Proof of the enduring popularity, it just sold for € 260,000 a studio of 23 m² Rue de Turenne, 3rd floor without elevator, busy with a low rent and needs some work! As for the Ile Saint-Louis, she also knows that limited changes. "Our customers are 60 to 70% foreign, recognizes Eric Jacquet, real estate consultant at Nexity (formerly Lamy). Prices are lightly packed and buyers are more fussy about the quality of the property before the plunge. "This does not prevent transactions to be finalized at very high levels: 13 800 € / m² for a studio 22 sqm on the 1st floor, Quai de Bethune, and nearly 14 500 € / m² for a 62 m² rue Saint-Louis en l'Ile, 4th floor.

Fifth, sixth, seventh. The very large surface stall

Censier Street, the demand is there, but buyers believe prices are too high. Photo credits: Gilles Leimdorfer / LE FIGARO MAGAZINE / Le Figaro Magazine