Edouard Balladur. – Efforts by the Franco-German cooperation is commendable, but it must go further. The Europe of 27 is too broad and diverse, it is little more than a big market for the euro area, it has a single currency, but it is struggling to make quick decisions and does not have a policy exchange decided by a governmental authority. For twenty years, I defend an organization of Europe by combining circles States according to the skills shared. It is urgent to implement and begin to better organize the euro area.If the ECB was implementing this massive deterrence, speculation would fall and we would cease to move from crisis to crisis paydayloan.

The Germans did not they always raised an objection of inadmissibility outright the idea?

Do they have a reasonable expectation of it together without the 2 trillion dollars that would discourage speculation? Why is opposed to the expanded role of the ECB? The fear of inflation? The risk is much less in a world of globalization based on a competition that lowers prices.

Some defend the "other policy" and openly talk about protectionism. This crisis gives them she right?

On the contrary, it gives them wrong. History has decided: to maintain our role in the world, defend the ability of our business, secure our energy, we need to reduce deficits.

Stop Flamanville, it would stop dead "every effort of the industrial fabric, with over 170 suppliers in France and around the world work for this project," argued Thursday on site Machenaud Hervé, director of production and engineering of EDF.Its CEO, Henri Proglio, went further Thursday in Le Parisien, amounting to 400,000 direct and indirect jobs, and even 1 million taking into account the energy-intensive industries and promoted by the current low prices in France, the issue of a shutdown of nuclear power in France online cash advance. A "red flag" which has also incurred the wrath of the Greens.

Proudly displayed

For the sector, the challenge is to convince both safety and economic feasibility of the EPR. "We are building a completely safe reactor, which not only incorporates the feedback from the entire fleet (58 to 19 power reactors) but also has the amenities that were lacking in Fukushima," says Hervé Machenaud. It specifically targets the "ashtray"-installation capable of recovering the heart of the fusion reactor in case of puncture of the tank-and four buildings housing the safety relief devices.

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 if the financial strength of the French government remains very high, it "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-rated. "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.

Moody's said that this 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.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 because the proposed budget is "built on a projected 1.75% growth, but it works with a minimal growth of 1.5%."

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The director of the institution states that "the weak growth and fragile balance sheets, those States, financial institutions and households, reinforce one another, fueling the crisis of confidence and slow demand, investment and job creation. " For Christine Lagarde, "there is too much debt in the system.The uncertainties in the States in all advanced economies, the banks in Europe and on households in the United States. "

To "common front"

Since this vicious circle "is gaining momentum," the IMF said that "the time is not the withdrawal, to halftone or palliative No teletrack payday loans." One solution can work: the "common front". More alarming than ever, Christine Lagarde warned that "if the developed countries fall into recession, emerging markets will not be spared. In fact nobody will. "

Wednesday already, Christine Lagarde called for the establishment of a "collective action, immediate and bold." She asked especially to countries that have the fiscal space to support growth. "My role is to ensure that this call to action is heard. I can not believe that governments do not share my opinion, "she explained.He added that "countries have an incentive to act collectively in the interest of the economy."

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"SPECIAL – crisis: the fear of debt

Fabrice Cousté – If one believes technical analysis you can go touch the low of March 2009 or even lower. The crisis we are experiencing is in fact more serious than that of three years ago because this time it is not the bankruptcy of one or more banks, but the bankruptcy of one or more States, so the problems of a different magnitude, in terms of their economic and especially political resolution.

How do you explain this precipitous drop?

As in 2008, financial markets were dislocated during the summer. There is now only a few buyers and many market players are taking advantage of any rebound to settle more positions. Also new microeconomics is no longer supported.Investors are looking more because the health of companies but only macroeconomic statistics or information. Since the summer, the flow of news, always negative, points out that the problems are structural and feeds a climate of anxiety in markets that are on the precipice. Political leaders do not seem to be aware of.

Therefore what strategy should investors adopt by the end of the year?

Some titles "refuge" as Essilor, Sanofi, L'Oreal and Air Liquide are kept in the portfolio. But volatility remains high and the risk of further correction as well.That's why I advise investors to discover the techniques to learn to hedge their portfolios with options or CFD (contract between two investors who agree to exchange the difference between the opening and Closing of support) to cushion the shock if further decline. In the panic, investors often sell too late.

The adoption of the second conditional aid package to Greece by the German Sages is not likely to reassure investors?

It is a relief. Yet it is a "Yes … but." Long as there is a "but" in the ads on the debt crisis, financial markets will continue to brood as these conditions overlap with the responsiveness needed to face an emergency no fax payday advance.They sanction the policy of "baby steps" of states and the total lack of solidarity within the euro area. Financial markets require only the words of intent but long-term certainty. What the politicians are unable to provide them because of their short maturities.

Are you worried about the euro area?

Yes I am. Of course, unlike the Anglo-Saxons, we do not feel in the euro area of ​​hatred against the European currency. Now if political leaders do not take the measure of the crisis in which we find ourselves, an explosion in the euro area is inevitable.Therefore, two scenarios are possible: either an exit of the weakest states in the euro zone as Greece and contagion Portugal, Spain see Italy or output states that do not want to pay for others such as Germany, the Netherlands and Austria.

So with these massive sales of shares, you expect a flight to government bonds when the debt crisis brewing in Europe and the United States?

This seems paradoxical, but yes. Institutional investors always prefer to put their money on assets "refuge" and especially liquids. As proof, the 10-year bonds of the United States have not suffered from the deterioration of "AAA" of the country. The run on U.S. government bonds has even caused a decline in their performance at historic levels.Same point in Germany and France or the bonds have not suffered from the debt crisis. This means that as long as fear prevails, German bonds, French and American continue to be purchased. Instead, the assets considered risky such as stocks are penalized. This situation can be reversed quickly if positive catalyst. Until that clicks, investors should follow the strategy of China continues to diversify its investments between the United States, Europe and Africa.

LE FIGARO. – The bidding on licenses 4G is attacked. Will you give up?

Eric Besson. – The State Council will vote Wednesday. Expect. But thanks to this call for nominations, France will be part of the forefront of the mobile broadband Internet. The government is selling rare frequency of the highest quality, which all countries say they are strategic. We do this with the twin goals of coverage and stimulating competition, the benefit of consumers. Traders feared that a monopoly or duopoly is not recreated.But this call for applications is the first to include criteria as pro-competitive: the creation of four lots so that all current operators can expect to find their place, creating a criterion favoring offers to host virtual operators. We have gone as far as possible to encourage competition. But we also need strong operators, able to achieve very significant investment for years to come, both for the deployment of mobile broadband as that of the optical fiber.

How will you deal with interference of DTT by 4G?

As has always been the case in all countries of the world, a trader who buys frequencies is liable for any interference that they can generate. We assess that risk to less than 2% of households.To facilitate the processing of any such interference, the government will establish a single telephone number, with a small call center, so that individuals can report any such interference on their TV and get the linkage with operator responsible. This device will be funded by all operators at a rate of 2 million euros per year for five years.

You advocate for changing the standard of TNT. Chains bonus going to be frozen, and consumers will they have to buy a TV?

I am not campaigning for anything, and there will be no change in standard of TNT in the coming years. The French continue to receive 19 free channels and 10 pay channels of TNT, with no changes.What we're talking about is the next step, and new services to be launched in the coming years: new TV channels, personal mobile TV, 3D TV … The question is whether these new services will use the older DVB-T or the new DVB-T2 which allows to get 70% extra services. Chains on bonus, not the government that calls into question, but the European Commission, which initiated proceedings no teletrack payday loans. It would be irresponsible to issue permits for them to be canceled two years later, and that the state is then ordered to pay $ 800 million to 1 billion euros in compensation.Let the president of the CSA put its proposal and the prime minister officiate.

Packages Unlimited Internet at home are at risk?

The unlimited plans are at the heart of the development of the digital economy and are not threatened, quite the contrary. New unlimited call plans appear almost every week. Some operators have started to consider to better segment their offer, which does by no means the end of the unlimited. With the development of very high speed, there will be even more unlimited in the months and years to come.

How do you protect consumers?

We have set up with the social tariff Frédéric Lefebvre mobile phone, which allows 40 minutes to communicate and send 40 SMS for less than 10 euros per month.We will implement in the coming days the social tariff of the Internet, or 20 euros per month for telephone and broadband Internet, plus 3 euros per month for a box. We will sign an initial agreement on September 13. The order that I issued on August 26 also includes important measures as the establishment of an impartial mediator to each operator, the requirement to obtain consent from consumers for the automatic sending of commercial messages or for the establishment of witnesses navigation.

What are the issues you organize inter-ministerial seminar on October 21?

This is progress in the implementation of the declaration of Deauville.Networks (both funding and security), protection of personal data and the fight against the digital divide will be on the agenda.

What do you think of socialist proposals on digital?

The project of the PS is archaic. It is based on a tax Internet access, known as "socially progressive". Internet access will be paid based on their income! The PS also wants to abolish Hadopi and create a global license. This proposal has been accepted anywhere in the world. This would be the end of copyright in the land of the cultural exception! The PS also provides for the creation of a single public operator for the deployment of high-speed fixed and mobile. He still has not understood that the introduction of competition was the key factor in broadband deployment and growth of the digital economy.

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The Frankfurt Stock Exchange also closed up sharply Monday after meeting exceeded the 3%: the DAX index of thirty blue chips gained 2.39% to 5670.07 points, also carried by the speech of Friday Federal Reserve Chairman Ben Bernanke, who was reassuring on growth.

Friday, after a negative early trading, Wall Street has indeed ended the session on gains of 1.2% for the Dow and the Nasdaq 2.5%, investors focusing on positive ads during the next meeting Federal Reserve in September, Ben Bernanke hinted at the conference of Jackson Hole.The anticipation of a further intervention by the Fed puts the dollar under pressure against a basket of currencies: the dollar is trading at 1.4507 dollar per euro to 17 hours. On Monday, the U.S. indices still show green, reinforced by the recovery in consumption of U.S. households in July.

And always in the context of the general economic meeting in Jackson Hole's new Executive Director of the IMF, Christine Lagarde, has urged this weekend to recapitalize banks. She said that the European institutions "need of urgent recapitalization." The former Minister of Economy and Finance believes that these measures are the "key to cut the chain of contagion." So new fears for the banking industry, already largely weakened during the summer.

Pending on the details of the background of aid to Greece In Greece, aid modalities are not yet fastened.Negotiations were slowed by the requirements of Finland and the new challenges of Athens, whose stock rebounded strongly on Monday, however, and accounted for up to 9% increase on mid-term, on the bottom of the side of mergers expected Greek banks, in the early afternoon.

In addition, investors seemed to adhere to about Laurence Parisot. And referring to the financial crisis, the president of the employers' association (MEDEF) estimates for its part, that "if Europe were attacked, not because it is weak but because it is strong, and if it is envied, because it is enviable, "In an interview with Le Figaro, the boss of the bosses denounced a U.S. plot against the euro area.

Irene reduced cost

Other news of the weekend: the passage of Hurricane Irene passed through New York without drama. He also was demoted to a tropical depression.U.S. markets should open smoothly and Monday. Hurricane Irene would have between 500 million and one billion dollars in damage in the Caribbean and the United States, according to catastrophe modeling firm EQECAT. A figure below the most pessimistic forecasts considered before the hurricane.

The price of Brent was down, refineries and oil terminals on the East Coast of the United States seem not to have suffered major damage, easing fears of a supply disruption. In addition, Libya resumes oil exports within a month, according to the spokesman of the Arabian Gulf Oil Company (Agoco), controlled by the rebels. Crude oil production will resume in mid-September on two deposits in the country.A barrel of "light sweet crude" for delivery in October takes the field, to 85.46 dollars per barrel of Brent North Sea crude for October delivery stabilizes at 110 make quick cash.8 dollars.

Among the statistics expected Monday in Wall Street, the surprise came from consumer spending. The Americans have in fact spent more than expected in July. Up 0.8% on month, consumer spending across the Atlantic more than 0.3 percentage points the level expected by analysts. The promise of home sales have, they, down 1.3% in July compared to June, as the market expected, according to figures released by the National Association of Realtors. They increased by 2.4% in JuneOver one year are up 14.4%.

The bank bounce despite the warning Lagarde

As for values, on the eve of the biannual publication of trucks from the coast (Bo uygues, Carrefour, L'Oreal, Vinci …) at the end, only two cuts were regrettable among the 40 largest capitalization on Paris: the Danone (-0.35% to 45.57 euros) and Essilor (-0.68% to 52.61 euros).

In addition, about Christine Lagarde did not prevent banking stocks to rebound.A technical rebound is sustainable, while the sector was the most attacked in recent weeks: Société Générale (3.61% to 22.10%), Natixis (3.72% to 2.78 euros) Crédit Agricole (3.37% to 6.63 euros) and Axa (2.30% to 10.47 euros) and BNP Paribas up the rear with a more moderate increase (2.49 % to 34.39 euros).

In addition, Ingenico (2.49% to 27.55 euros) announced that it had repurchased TNET, an Italian company specializing in payment terminals, for an amount that was not disclosed. According to Ingenico, TNET manages an installed base of 45,000 terminals in Italy.

APRR (0.13% to 52.32 euros) will observe the re-opening until September 9 of the OPR launched by Eiffage (2.22% to 31.36 euros) and Macquarie.The toll road was also noted Friday that the evolution of traffic early in the second half was mixed for light vehicles, but remained well oriented for heavy vehicles.

Capgemini (3.96% to 27.95 euros) announced it has signed a five-year contract with the company's payment service EnterCard Scandinavian. The group of consulting and information services will pocket 30 million euros as part of this agreement.

In addition, ING has lowered its board to maintain, against purchase, the title Arkema (1.39% to 50.62 euros) and reduced its price target on the value to 55 euros (as against 85 euros).

Channel (1.29% to 4.406 euros) could push his plans for the IPO. While the ACC has lost nearly 20% of its value during the summer, analysts are skeptical of an imminent public offerings of media group, reports Les Echos.The listing of the 20% held by Lagardère has already been de-programmed, it could eventually sell its stake in Vivendi, the majority shareholder.

For its part Orange (France Telecom 2.08%, to 13.01 euros) would be in conflict with the American Cogent. The U.S. operator has, according to La Tribune, filed a complaint against his French counterpart to the competition authority for "abuse of dominant position." Orange is accused of preventing users from accessing the site MegaUpload. The conflict dates back to January so that Orange had decided to grant the account drop traffic from Cogent.

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A drift that Apple, as a party plaintiff or defendant in a number of ongoing trials, is no stranger. The firm seeks to protect its technologies as well as its distinctive (packaging, product development, wiring).Apple targets are far from accidental. As for Samsung, HTC and Motorola, it indirectly addresses its main competitor in the mobile phone: Google's Android, which equips the devices of the three brands offending and weighs 43% of this market.

The game is risky for Apple, which is far from winning all its trials. After graduating last week a ban on the marketing of the Galaxy Tab Samsung in Europe, Apple has finally seen its competitor be allowed to sell the tablet in Europe, except Germany. Apple is also regularly attacked by some "small" sector, like Creative, to whom he had to pay $ 73 million, accused of using its expertise in digital music player for his iPod payday loans guaranteed no fax. But these repeated attacks are proof of the incredible ability of Apple to seize the zeitgeist and often improve the copy.Which in terms of "victims" is no excuse. Especially as unwilling to compromise, Steve Jobs, the CEO prefers to go to trial, even if it means losing. Another failure in the face of Nokia. Apple was ordered to pay a lump sum and use rights, which amounts have not been made public, some patents.

A dangerous game

A similar logic to that which led Microsoft to claim $ 15 a smartphone sold to Samsung. The U.S. already collects $ 5 from HTC. For its part, Oracle accuses Google of violating some of its patents to develop its operating system for smartphones Android, and is seeking $ 6 billion.

"Apple has it gone to the dark side of the Force?" The question made the rounds of blogs devoted to the subject, concerned about the prosecution of the brand.We are far from "nice" Apple label won in the late 1980s and early 1990s, as opposed to "bad" giant Microsoft, which dominated the world. Apple, so concerned with his image of "challenger" and an alternative to the dominant model, probably not only take the risk to see it tarnished nor disappoint his fans.

The flagship of the national technology transformed in the process of death, it was enough to unleash the critics. The subject quickly became number one on Weibo, the Chinese Twitter, where some users even ask for the resignation of the new Minister of Railways, Sheng Guangzu.Determined to reassure public opinion, the central government responded quickly with the dismissal of three officials of the Bureau of Shanghai Railway and the opening of an inspection "urgent" for the entire rail network quickly. It is already the largest in the world with nearly 8000 kilometers. Beijing plans to build 25,000 km of rowing in 2015 and 50,000 in 2020.

"Management very opaque"

An incident signal is the cause of the tragic accident following a storm that would have cut the power supply.The first train came to rest on the line Hangzhou-Fuzhou up to the city of Wenzhou, before a second can come and hit on an overpass, four cars going overboard.

The recent revelations of corruption, which led to the dismissal of Minister of Railways Liu Zhijun, in February and the disappointments of the Beijing-Shanghai line, since its inauguration on June 30, have seriously damaged the reputation Fast Train "Made in China" held by the Chinese insecure themselves savings account payday advance. But the accident Wenzhou available as a "bloody lesson to all of the rail industry in China. This should be the starting point for standard rail safer, "said an editorial in the very official Global Times."The main problem of Chinese trains, the Ministry of Railways and its management very opaque bidding," says Thibaud Voïta, a researcher at Asia Centre.

Media and Chinese researchers close to the government are desperately trying to save face. While the label "100% Made in China" was praised at the opening of the Beijing-Shanghai, he suddenly recalled that part of the DNA is also imported Chinese railway. "The key technologies, such as control systems and the locomotive from overseas and they are perhaps not safe," said Professor Wang and the University Transportation Southwest Chengdu, known for his special train.

Today, the drama of Wenzhou could not only slow the pace of network expansion, but also jeopardize the future of the train overseas Chinese.Other emerging markets in South America or the Middle East were, however, referred to in Beijing.

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Are expected at the White House to 17 hours (French time) John Boehner, Republican leader of the House of Representatives, Harry Reid, the chairman of the Democratic majority in the Senate, Mitch McConnell, the leader of Republican senators and Nancy Pelosi, head of the Democratic minority in the House, all four urgently summoned by the president.

Obama too demanding

That night, the U.S. has escalated in the power struggle between elected Republicans and Democrats. Having failed to reach an agreement with Barack Obama, Republican John Boehner, slammed the door to negotiations with the president.

At issue this time, according to Boehner: will the Democratic president to push through $ 400 billion of additional tax increases. A demand unacceptable, according to Boehner, while the two sides had previously agreed to a ceiling of one trillion dollars in additional tax revenue.This Saturday, the threat of a default by August 2 of the world's largest economy has thus further increased.

Of default formally excluded

The President has convened a number of political leaders to an emergency meeting Saturday afternoon at the White House to try yet again to reach compromise. Both sides say they are confident of raising the debt ceiling (14.294 billion U.S. dollars), reached on May 16, but whether common ground had been reached on the amount of the uncapping. Barack Obama and John Boehner have ruled out a formal non-payment within 10 days.

But the talks still face the question of the amount of budget cuts and debt reduction.Republican side, John Boehner said that after the new clash, he preferred to look to the leaders of the Senate to find a "reasonable" on these issues. Which casts a big doubt about the outcome of negotiations Saturday with the president, which is called Boehner. Democratic side, Barack Obama is prepared to assume full political responsibility to raise the debt ceiling in order to unlock at least for a time, the status quo. "If that's all Congress can do, I will sign an increase in the ceiling to take us to 2013," the president said.

Obama recalled that he had proposed to the Republican's $ 1.65 trillion spending cuts various offers an "extraordinarily fair" said the president.But still not enough for John Boehner, who accuses the president's inability to take "tough decisions" on reducing public spending. Boehmer wishes to bring to the 3 trillion budget savings over 10 years.

Ds critical deadlines

The time to find common ground is critical. The readiness of Barack Obama to convene a further meeting this Saturday is a sign that the U.S. president does not want to wait until the deadline of August 2 to reach an agreement. "We have more time in front of us," he said.

Recalling that Wall Street opened Monday, the president pointed to the impact on financial markets of such uncertainty. "Americans are outraged" by the inability of Congress to act, he said.This willingness to find a solution is also shared by the Republican camp, in which counsel highlighted the urgency of an agreement by Monday. What then leave both parties ten days to write a non-redundant legislation and get it validated by Congress.

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