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In 2018, there will be two newcomers in the Parisian sky: two all-glass towers whose upper portion is tilted in wave form. Achievement of 500 million euros by Jean Nouvel and funded by an investment fund Quebec, Ivanhoe Cambridge, and an American, Hines.

Specifically, this set will find its place in the ZAC Seine Rive Gauche, the area is being completely remodeled, close to the BNF (Bibliothèque nationale de France) in the thirteenth arrondissement. The first skyscraper peak at 231 m with 38 floors. His little brother will reach 115 meters, 24 floors. Clearly, these IGH (tall buildings) will be much lower than the highest tower of France, First (231 meters and 50 storeys), inaugurated in Defence in May 2011.

"Our city should not become a museum city"

But these skyscrapers, which will be occupied by offices and a hotel, have a symbolic value. They will mark the return of the towers in Paris after a long wait. With their design on tile anti-friendly design and unimaginative, high-rise buildings built in the 1970s (Montparnasse tower, towers along the Seine and the Olympics in the thirteenth arrondissement) had disgusted the people of this type of construction. "We decided to rebuild the towers in Paris because land is scarce and must be used to best effect and because our capital must not become a museum city," argues Anne Hidalgo, first deputy mayor of Paris in charge of urbanism. This policy does not unanimously. The Greens, for example, are opposed.

However, these two skyscrapers of Jean Nouvel announce other. In 2016, a tower of 160 meters and 40 floors, designed by architect Renzo Piano to house the TGI (High Court), should be delivered to the Batignolles in the seventeenth arrondissement. If the project is proceeding normally, Triangle tower installed Porte de Versailles in the fifteenth district would be delivered in 2017. "And we have three other projects of a turn in the thirteenth arrondissement, on the same area as the skyscrapers of Jean Nouvel," said Hidalgo.

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Christine Lagarde is more than ever determined to "increase the firepower of the International Monetary Fund", that its financial resources. But if the euro area "is the epicenter of the potential risks" of the global economy, "Europe is not the only one? We are not obsessed with a region "said Thursday in Washington, executive director of the IMF during a press conference that opened two days of spring meetings of IMF and World Bank.

Capacity building support from the Fund will be the highlight of the discussions to be attended especially the G20 finance ministers. Christine Lagarde has renewed its appreciation to Japan, "the first country that has decided to commit themselves" to the tune of 60 billion euros, while acknowledging "the Scandinavian countries who responded to the call and Singapore."

The Japanese contribution is the first quantified commitment to a non-European. This is in addition to those States of the euro area itself, which from the outset, have said they would put 150 billion euros in the pot (just under $ 200 billion). But Christine Lagarde, who had advanced earlier this year the figure of 500 billion, reduced its ambitions "to just over $ 400 billion" figure it has itself argued in an interview Tuesday Italian newspaper Il Sole 24 Ore.

Bilateral borrowing agreements

The negotiations will be very difficult and should not be concluded this week with the aim of reaching agreement at the annual meetings of October 2012 in Tokyo. On behalf of the United States, Tim Geithner, Treasury Secretary, said two days ago that his country "would not put money" but would support those participating in the operation. Recall that this strengthening of resources take the form of bilateral loan agreements with its 188 member countries (including the last admitted this week is Southern Sudan). It is not a capital increase of the IMF, as such. Now this is where the rub the side of the emerging countries, including China and Brazil, who would like to link this extension means the Fund to an expansion of their representation. Now it is even less question that the last reform of 2010 increasing quotas and powers to the board in favor of emerging countries mainly, has still not been ratified by the necessary majority. Within the G20, Argentina, Canada, Germany, Indonesia, Mexico and the United States, have not yet ratified, do we reported to the IMF.

Christine Lagarde must also combat the widely held in international public opinion that the firewall is only designed to help Europe, Spain and Italy, among others. She also found that Spain does not need assistance plan "for now".

Executive Director of the IMF insisted on Thursday the new initiatives launched recently, as "the trust fund for the poorest countries", mentioning also "the five countries of the Arab Spring, for which we need more resources." But the difficulty is to find a common agreement with the governments, especially with Egypt, for which the loan of $ 3.2 billion from the IMF, which should be a catalyst for international aid, is still pending .

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Double the normal. During the month of Easter – Friday night for Jews and Sunday for Christians – he buys at least twice more lambs than usual. "It consumes on average between 4000 and 5000 tons of lamb meat per month in France, according to panel data Kantar says Anne Mottet, an economist at the Livestock Institute. When Paschal month, households consumed 9,000 tons in 2010, for example. " A strong tradition since 13% of French households to savor the occasion of Easter, against 5% in normal times. The lamb symbolizes for Christians the resurrection of Christ and the Jews, the exodus led by Moses out of Egypt.

Economically, the farm became a holder of lamb from the reallocation in 2009 by former agriculture minister, Michel Barnier, a part of CAP subsidies in favor of sheep farmers, the farmers worse off at the time. "It allowed me to generate additional income of 12,000 to 15,000 euros per year," said Hubert Elder, farmer in Maine-et-Loire.

To prevent a portion of the added value is captured by intermediaries, this direct selling. "At Easter, I'll sell 12 lambs against 4-5 in a typical week. They are valued 30% more than when I sell them at retail "he adds. A small niche – is consumed in France 190,000 tonnes of lamb, only 10% of the pork market – but profitable. The price is comparable to consumer beef prices: 12.95 against 12.94 per kilo for beef and 6.58 for pork.

Still according to Kantar, the French producer of lamb is the best paid in Europe with a price paid around 6.09 euros per kilo, against 4.97 euros in the UK, against an average of 4.78 euros in Europe.

UK and New Zealand

Flip side, nearly 60% of sheep consumed in France are imported from countries where they are cheaper to raise. More than half the imports come from the UK, just under a quarter of New Zealand, Ireland and the rest of Spain.

"Legs salt meadow, racks of lamb, milk, orders flow for three weeks, said Christian Le Lann, artisan butcher in Paris. We sell top quality local lamb but there is a commoditization of the product because of the importance of imports of lamb from New Zealand including a by-product of wool transported frozen, which invades the shelves of supermarkets "says the merchant who is also president of the French Confederation of butchery.

Lastly, there is the question of renewal of French sheep farmers. They will be 63% out of business in the next decade. The investors do not rush in sheepfolds.

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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

The French prefer cats to dogs. This is what emerges from the latest survey by TNS-Sofres on behalf of Facco (Employers' Federation of manufacturers of prepared foods for dogs, cats, birds and other pets).

The number of cats is increasing (923,000 in 4 + years) to reach today 10.96 million topics at the expense of the dogs. The strengths of these are still in decline (- 488,000 in 4 years) and amounted to 7.59 million.

However, this view does not reflect a lack of love for the canine species from the French. It is rather an awareness of the responsibility that owning a dog that would be the main reason.  

Masters of free and responsible

Masters of increasingly responsible if one judges also by the rate of sterilization and that the investigation highlights that increases steadily year on year to 32.5% of the total population of dogs (or + 3 points compared to 2008) and 74.2% in cats (+ 2 points).

18.3% of non-dog owners believe that it can cause "problem when they go on a weekend or holiday." This may explain why the small breeds, the "boilerplate" are increasingly the coast.

The investigation revealed that Facco "dogs live mostly in homes of average size [in] rural areas, in houses with gardens. There are more often than in the past someone at home during the day. Cats, they are found mostly in medium-sized families living in rural areas in houses with gardens. "

The other reason cited for not acquiring a dog is "the commitment it represents over several years" for 11 no fax payday loan.8% of respondents.

Older, supposed to have more time, not "crack" not easier for a dog. The survey observed an underrepresentation of the age group over 55 years. "This age group made up largely of retired, healthy, and with a comfortable purchasing power, is a traveling public, which focuses on outdoor recreation and is therefore looking for a flexibility, "note the analysts Facco.

Cost and maintenance: a pattern little mention

And although some purebred dogs reach very high price to buy (up to 4000 euros), as also the care and maintenance budget is also taken into account, provided, "the cost of acquisition and maintenance of the animal is not a discriminating factor as a result of non-possession is cited as most important by only 2.9% of non-owners, "notes the survey yet. 

The maintenance cost to maintain healthy animals do not appear as a brake, it is also parallel to remind the French are only about 4% to ensure their pets by taking out a contract for Animal Health allowing reimbursement of veterinary fees for accidents or illness.

A rate that is struggling to "take off", France accused in this area lags behind compared to the UK where the rate of health insurance for 30% of animal owners, and … 80% in Sweden.

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Officials will be more affected by rigor. The government decided on Tuesday: one day waiting period will be established for employees in case of sickness. Earlier in the day, the Prime Minister, François Fillon, was tried before the House the case "reasonable." This period corresponds to the time at the beginning of the stop, during which the insured does not receive allocation.

In private, the waiting period is currently three days. But under the austerity plan, the government plans to bring it to four days, stated Valérie Pécresse and Xavier Bertrand on Tuesday. A measure subsided, according to the entourage of the Minister, by which pension arrangements are provided 70% of employees, which may reduce or eliminate this delay.

Stops short penalized more

This extra day would represent a saving of around 200 million euros.

The president Nicolas Sarkozy is scheduled to visit tomorrow, Tuesday in the Creuse to meet the farmers. The daily Les Echos, they confirm that occasion a very expected: a decrease in payroll of approximately one euro per hour at the minimum wage. This reduction would occur in 2012 and aims to improve the competitiveness of industries that use lots of labor, such as fruit and vegetables. This announcement, however, could be accompanied by a far less popular.

The boost will cost the charges because the state just over 200 million euros. Effort that the government wants to compensate for not widening the deficit. As announced in Le Figaro, the doubling of the tax on sugary drinks should help.The state estimates that from a euro cent to two cents per can, he should recover over 120 million euros. And the remainder, Bercy wishes to the agricultural sector contribution.

Movement of the plane 10%

To do this, the Ministry of Finance, armed with his plane, went through the 40 tax loopholes enjoyed by farmers. Two possibilities were considered. According to Les Echos, the reduction of capital investment (DPI) would be a first option. In its report on tax loopholes, the General Inspectorate of Finance (IGF) emphasized that the device "does not respond only partially to its original purpose to help finance investment." It allows however to 110,000 farmers to reduce their taxes, and farmers are very attached.The government should turn to another niche: the tax benefit for the use of heating oil as fuel. The fuel is taxed at 5.66 euros per hectolitre, against 42.84 euros for diesel, and that niche cost one billion euros per year. So the government is considering a movement of the plane by 10%.

The construction further penalized

To justify this possible movement of the plane, the General Inspectorate of Finance argued that this advantage is at odds with environmental goals, even if it contributes to competitiveness. She also points out that the niche overlap with the tax rebate on energy products, another niche that costs 150 million to the state.

The decision could, however upsetting beyond the agricultural sector. More than the farmers, are in fact the public works professionals who take advantage of this niche.They pick up about 550 million of tax benefits, against only 450 million (300 euros per vehicle) for farmers.

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"GAME NEWS –

Germany "means that Greece is a member of the euro area", reaffirmed on Monday a spokesman for the Ministry of Economy … who quickly added that Athens was coupled with the necessary reforms "loosely controlled". A phrase that sums up how Berlin is losing patience.

An internal document in German Ministry of Finance, taken by the newspaper Handelsblatt, illustrates the degradation of the opinion of the Germans against the Greeks: "The Government will further Papandreou promised much to its partners, to access a new tranche of credit, but it will not happen, "it said. And his conclusion is clear: Germany is preparing seriously to stop helping Athens.

In fact, Berlin is now considering a very real insolvency of Greece.Finance Minister Wolfgang Schäuble is no longer small sentences like this weekend when it was hammered out of the question to continue paying for Greece as it does not fulfill the conditions set by its creditors.

The post-bankruptcy in the study

In gray and cream long corridors of the Ministry of Wilhelmstrasse, the teams of the latter were already working on the management of post-bankruptcy. According to Spiegel, two scenarios are discussed – the output of Pure and simple in the euro area. The Department neither confirms nor denies. But in an article published yesterday, the Minister of Economy, Philipp Rösler, openly spoke of a possible bankruptcy of Greece.

Yet next scene, the CDU denies pessimism. For the president of the parliamentary group in the Bundestag Volker Kauder, "an exit from the euro area is not a solution."The party's general secretary, Hermann Grohe, Cassandra pin that inflame the debate: "We need to encourage the Greeks. We help are people in this way. "

Chancellor Angela Merkel sticks, meanwhile, delivered the remarks Sunday in an interview with the daily Tagesspiegel, saying that one can not "fix overnight what is not done for years" . On Monday, after his meeting with José Manuel Barroso, it simply just a terse statement on the importance of the euro.But if his spokesman said that the government's official position is to rely on the conclusions of the troika (EU-IMF-ECB), which experts arrive Wednesday in Greece for a thorough audit, he added that Germany Greece would not help that "in very strict conditions."

Ruling coalition isolated

Within the ruling coalition in Berlin, the Christian Democrats are isolated. The brothers enemies of Free Democrats and the Bavarian CSU common cause. When Philipp Rösler, also chairman of the FDP and thus vice-chancellor, said that one should "refrain from further consider an orderly insolvency of Greece", the patron of Christian social applauds Horst Seehofer, "content that these thoughts are expressed out loud. "

The CSU has also adopted an important resolution yesterday internally.In fifteen pages, it will detail the conditions it deems necessary to accept in the future to vote on plans to assist countries in need. It says this sentence murders: "States which are not able to stick to common rules, and put the euro area in difficulty should expect to leave the currency area." In Germany, the time of indulgence is over.

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The plight of employees Sodimedical continues. For three months, the German group Lohmann & Rauscher, who owns the manufacturing company of medical equipment, refuses to pay the salaries of its fifty employees, says the "Parisien in France Today" on Friday.

A retaliatory measure following the invalidation by the court in February of the social plan concocted by management, who wanted to relocate its production to China. Considering the economic reasons cited by Sodimedical as unjustified (because the company depends on its parent, very profitable), the high court of Troyes was the beginning of the year pushed the rules of redundancy.

Director sequestered

But since then, the situation of employees of Plancy-l'Abbaye, in the Aube near Troyes, stronghold Baroin, has not arranged.As of May, Sodimedical no longer paid the salaries of its employees guaranteed payday loans. "The employees are without work and without income illegally," said Mr. Brown, their lawyer.

Despite several convictions by the courts, forcing the company to pay wages on pain of penalty, financial difficulties accumulate. "The state is unable to enforce court decisions. We met with the Minister of Economy Baroin, who returned the ball to the prefect, "said an employee on a daily basis. Without success.

Twice in June, employees have unsuccessfully tried to succeed by sequestering their manager, later released by police.The Commercial Court of Troyes should again today to decide the fate of employees Sodimedical.

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After losing more than 8% over the last seven sessions, and have plunged dangerously, this morning, falling 1.8% to 3460 points, the Cac 40 limited its losses slightly in mid-session, down from 0.40% to 3508.71 points. The index featuring Paris is nevertheless on track to sign an eighth consecutive day of decline.

On other European financial centers, the Footsie-100 from the London Stock Exchange 0.97% to 5663.10 loose points, the DAX 30 Frankfurt Stock Exchange lost 0.83% to 6740 points. But stock markets in the South, the more destabilized the previous day to resume mid-term: 20 PSI of the Lisbon Stock Exchange will stop over as well, only 0.05%. Milan bounces more frankly about 1.15%, and Madrid, 1.59%.

Juncker meets with Italian Minister of Finance

The European sovereign debt and U.S. continue to weigh heavily on the trend.Yield spreads between bonds to ten years Spanish and Italian over German bonds widen. They stood at 402 basis points respectively (13 bps) and 386 basis points (12 bps). Italy and Spain are again under pressure from the markets fear a contagion of debt. Their governments are mobilizing to stem the panic even if Brussels has ruled out any discussion of a bailout for those countries. The Italian Finance Minister Giulio Tremonti and the leader of the euro zone, Jean-Claude Juncker, today concluded their discussion by considering that the reflection on the debt crisis was to continue "calmly."For its part, the Spanish Prime Minister Jose Luis Zapatero on Wednesday convened a meeting on "market movements".

China increasingly perplexed vis-à-vis the dollar

Investors also remain worried about the strength of U.S. growth. And, although the Senate has ratified Tuesday the plan to raise the debt ceiling. Insufficient agreement by Moody's which could lower the rating of the country. The closing down sharply on Wall Street Tuesday night also confirms the markets in their choice to continue to withdraw.

China, for its part welcomed the adoption of very hard this plan. Beijing said it would continue to limit its dependence on the dollar, whereas the U.S. has failed to defuse "the bomb of debt." The rating agency Dagong China in the wake downgraded American.Wednesday morning, Asian stock markets, with the exception of Shanghai, changing all down sharply.

Eurozone: activity in services slows further

On the macroeconomic front, the growth of activity in the services sector continued to slow in July to register their slowest pace since March 2010. The PMI index reached 54.2 against 56.1 in June.

The same goes for the euro area and for Germany: the composite index stood at 52.5 against 56.3 respectively in June and 51.1 against 53.3 in June.

For the euro area, retail sales rebounded 0.9% in June compared to May, where they had fallen by 1.3%, said Wednesday the EU statistics office Eurostat.Eurostat revised down its initial estimate for the month of May, initially announced at 1.1%.

In the U.S., investors will also pay attention to employment figures in the private sector in July (2:15 p.m.), the industrial orders in June (16 hours), the ISM services in the month July (16 hours) and weekly inventory of crude oil (16.30).

Bic flies, Societe Generale sinks

Air France-KLM: + 0.38% to 7.86 euros

The airline plans to delays or cancellations of flights, from Paris, following a strike by technicians responsible for maintenance of its aircraft.

Total: -0.64% to 36.56 euros

The oil company and its CEO Christophe de Margerie were returned to correctional late July for "active corruption" in the investigation into the UN program "Oil against food" in Saddam Hussein's Iraq from 1996 to 2003 officials said a judicial source.

Danone: + 0.01% to 49.51 euros

The dairy group has unveiled a proposed acquisition of 250 million euros in nutrition in India to expand into the Indian markets for infant nutrition and medical purposes.

Societe Generale: -6.91% to 30.26 euros

The bank chaired by Frédéric Oudéa posted net income down 31% to 747 million because of writedowns on loans Greek past.Greece forced Societe Generale has given up its goal of net profit of 6 billion euros in 2012.

Crédit Agricole: -1.53% to 7.87 euros

The bank said it had sold its commercial finance Eurofactor in Britain to GE Capital.

Suez Environnement: + 1.87% to 12.82 euros

The group specializes in water management and waste released on Wednesday a net profit down 43% to 221 million euros in the first half. Suez Environnement, however, reaffirmed its financial targets for 2011-2013.

Bic: + 4.62% to 64.34 euros

Bic raised its growth target for the division of pens, lighters and disposable razors, to "greater than 5%" against up to 5%.Instead, the group anticipates a decline of about 10% growth for its advertising and promotional products division against 5% previously.

Hermes: -2.50% to 237.50 euros

The Association for the Defence of Minority Shareholders (Adam) wonders why the saddle spends as much to buy back its own shares, whose price has reached a new record this week, said Tuesday its president Colette Neuville.

Renault: -0.06% to 35.34 euros, Peugeot: + 0.66% to 24.43 euros

American manufacturers have announced their sales figures on Tuesday night. Chrysler reported a 20% increase in sales of new cars in the U.S. in July, while Ford saw its own increase by 9%.French car values ​​rebound sharply in mid-session.

Accor: -0.80% to 28.59 euros

Accor announced the signing of the sale of catering group Lenôtre Sodexo following the favorable opinion of the works councils of both groups.

After-hours trading, Vilmorin and Cegedim must publish their annual turnover for the first and second quarters respectively.