World and National News

After a meeting any green on Thursday, Asian stocks are back to fall on Friday after Beijing confirmed that he would continue his efforts of monetary easing and that the Chinese central bank ordered commercial banks in the country reduce their loans by the end of the year.

The meeting was marked by a very small volume of trade due to the closure the previous day on Wall Street for the holiday of Thanksgiving, which leads to a slight decline despite profit taking. "Thanksgiving was favorable to Japanese stocks, since adjustments of positions of the funds before closing their books for November coincided with Thanksgiving and the strengthening dollar on the yen," noted Kenichi Hirano of Tachibana Securities.

He added: "There are still foreign funds that close in December, so that impulse purchase is expected to continue until at least mid-December."

In markets very few assets, the Stock Exchange of Hong Kong lost 0.08% to 23,036.20 points and the Shanghai Stock Exchange was down 0.55% to 3205.65 points. As for values, property values and banks penalize the rating. Sung Hung Kai Properties was down 0.50% and China Construction Bank lost 0.30%.

In Tokyo, the Nikkei 225 Index closed down 0.40% to 10,039.56 points, reflecting profit taking investors after soaring nearly 10% since the beginning of the month, due to the lure foreign for Japanese stocks .. On the whole week, the Japanese index appears very slight increase of 0.17%.The consumer prices, excluding perishables, fell 0.6% year on year in October, their twentieth consecutive monthly decline.

On the currency markets, the yen regained ground against the dollar (+0.20% to 83.83 yen to the dollar), but retreated against the euro (+0.15% to 111.60 yen one euro).

In other areas of the region, the trend is almost identical, with two exceptions: the Singapore Stock Exchange gained 0.05% to 3160.66 points and the Stock Exchange Sydney ahead of 0.11%. In contrast, Taiwan 0.45% to 8312.15 loose points, Seoul dropped 1.49% to 4010.92 points and the Bombay Stock Exchange to yield 1.08% 19,109.30 points.

Blame it on the crisis. The volume of sales of existing homes in Ile-de-France, up 23% in the third quarter 2010 (52,600 transactions), has caught up with the best years. With 182,400 units sold a year, we are indeed approaching 185,000 sales on average in the years 1999 to 2007.

Meanwhile, prices continued their upward trend to reach a new record. In the former, prices rose an average of 10.6% yoy in Ile-de-France. In Paris, they have gone through the roof to reach 7,030 euros per square meter. An increase of 5.10% in three months and 13.80% year on year.

"One would think that the economic climate, social, financial, that are not yet fully stabilized could weigh on sales. As it is not realistic.In contrast, in this context, this confirms the confidence in property investment both for the house or whatever as an investment to rent, "says Christian Lefebvre, President of the Chamber of Notaries of Paris-Ile- France quick cash advances. He said the volatility in stock markets, fears of states, fears for retirement, population growth push households to seek safety by investing in stone.

Appaisemment desirable

Over 60% of tenants also want to become homeowners. A wish all the stronger in the Ile-de-France that the number of owner is less than the rest of France. "Tenants pay, in addition, extremely high rents and seek to benefit from historically low interest rates to offset rising prices Corélie," Lefebvre said Christian in a video.The predicted demise of assistive devices for the acquisition (deductibility of loan interest, property pass …), is an added incentive for potential purchasers.

Despite a median price (much more expensive than housing in cheaper accommodation) per square meter reaching 5,000 euros in all the boroughs, which is a first, the Chamber of Notaries has no plans to reverse the trend in future months. Prices should therefore continue their upward trend until the end of the year. Over a year, rising even reach 15% in Paris … and without impacting the level of sales should remain strong thanks to interest rates american cash advances. "In the long term, the question of purchasing power of households remain whole, however, emphasizes Christian Lefebvre, who recalls that the Paris is already a considerable financial effort to afford housing.He said the rise in interest rates announced by some economists for the second quarter could allow regulation. "A calming is desirable to leave the market open to the greatest number," he says.

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The energy labels are gaining ground. After being placed in home appliances since 1992, they will make their entry into the world of electronics, first as an "electronic label," in January 2011. The ratings of A to G, depending on electricity consumption, will be mandatory in 2012. A logical extension amount, televisions support, as well as washing machines and other hair dryer, eco-tax.

One of the first criteria used by the European legislator for the future is the energy label. "As for home appliances, consumers will be able to estimate the use value of their TV: that is to say, take into account the purchase price and the money they will spend to make it work," Welcomes Patrick Chardin, Managing Director Sales and Marketing Sharp France.Major brands see this as a way to differentiate products from entry level. Sony shows ambition and a reduction in annual energy consumption of its products by 30%. Consumption of the device in operation, but also in standby mode, is evaluated. Some brands such as Philips, have also reintroduced a power button on their televisions payday loans. In operation, the consumption of a TV should be less than 200 watts per hour. By comparison that's about four times less than a washing machine.

Facilitate recycling

More good news for the consumer, the TV will be sold "with instructions for proper use." Electricity consumption will be clearly indicated.It also requires manufacturers indicate precisely where the switch is usually off-side when there is one.

Electricity consumption is not the only element that will take into account eco-label. The recycling of old appliances will also respond to very specific criteria. They should be easy to dismantle and consist of a single type of plastic. Again, the brands have outperformed the majority in their appeal. Panasonic announces such a recycling target of 99% of its European production. Heavy metals such as lead or mercury, are also banned, as some plastics, are suspected of carcinogenic vapors or impair fertility.

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Ireland should grasp the outstretched hand with insistence by the European Union. The Irish Finance Minister Brian Lenihan, announced Sunday he would recommend to his colleagues to use the bailout of the European Union and the International Monetary Fund.

"I will recommend that we ask to benefit from the program" to help set up six months ago by the European Union (EU) and the International Monetary Fund (IMF), Mr Lenihan said on state radio RTE. The final decision belongs to the government, he added, but the chain has announced a tentative agreement with the EU and the IMF should be signed Sunday.

The aid would amount to "tens of billions of euros", without exceeding the 100 billion, he said. It will do no less to save the country's banking system if additional losses appear.But the first step, the minister said, will organize resistance testing of the institutions concerned.

He also expressed confidence in the fact that the IMF and the EU approves new Irish austerity plan. The government does not however affect the very low corporate tax, as called Paris.

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Renaut is it about to make its numbers in the household? In any case believe that the unions, CGT head. According to the union Fabien Gache, speaking on France Info radio this Friday, the manufacturer would soon announce the establishment of an early retirement plan. "There is a willingness on the part of management to try to gain productivity gain for a rate of profitability, which Ghosn promised to shareholders in 2006," said the latter.

According to the CGT, the first translation of this strategic decision would be made redundant technique a number of employees in the Sandouville next year. A year gruyere expects these employees because, according to the timetable suggested by France Info, in the first half, the chains of space will be arrested for 44 days and those in Laguna for 35 days.Then in the summer of 2011, two months of stops are planned. They will be followed by 26 days of additional layoffs between September and December.

Other sources suggest a total of 70 days of short on-line space and 61 on that of the Laguna. The site will ultimately produce 53,000 vehicles next year against 69,000 this year.

No social plan for management

This Friday morning, Renault refused to comment on the topics discussed internally at a meeting of the Works Council held Wednesday. But the group denies redundancy plan but confirmed the stoppage of its plant in Seine-Maritime for maintenance of channels for adaptation to the production of future utility, Traffic dCi, scheduled for 2012.

The CGT, unconvinced, wants to mobilize employees.Movements of strikes had disrupted production vehicle in February. The Sandouville is a victim of the failure of the Espace and Laguna which has already resulted in the elimination of 1,000 jobs in 2008. "It's a whammy," said Nicolas Guermonprez, CGT secretary. "We are talking about poor sales but it is still good because Renault has chosen to manufacture its high-end Latitude Korea rather than Sandouville," he said.

Pending payment

The question now for these employees is the payment of their salaries, said France Info. So far, employees laid off 100% of their earned income with the support of the state and the social contract from Renault. However this funding must stop at the end of the year.

Travel of employees are also enrolled.Management wishes to send 800 of them Sandouville to other sites, after having moved 266 this year.

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Aziz Senni once said "If I must be the service beur, beur I will be the service." He kept his word and created an airline ATA collective side of Mantes-la-Jolie after a BTS and a few months in business. Since then, the young man from Val-Fourre has come a long way and created an investment fund turned to the suburbs – Business Angels Cities – with, among others, the support of Claude Bebear, former chairman of Axa and Michael David Weill, chairman of Lazard.

Aziz Senni was quick to mention him by publishing the social elevator is broken, I took the stairs (Archipelago). He advocates a proactive vision of integration and invites young people from immigrant footholds in networks where they are traditionally excluded. This he did in canvassing the cream of French capitalism to create its investment fund instant payday loan.The young man is ambitious, interested in politics, he joined the New Center. He has published Monte your biz, the 10 commandments of the contractor cited in Pearson and founded the National Association of Young Entrepreneurs.

Networking, Aziz knows. He started fast but not stable woven its web. Just visit the website dedicated to him to understand that one is never better served than by yourself. Facebook page, Twitter, associations or companies which he founded … In our video, Aziz invites young people from cities to lie Pierre Bourdieu and to build social capital which they lack at birth.

You could say he has succeeded in implementing the advice he gives to the camera: "Enter the encrusted in meetings and groups of contractors."

LE FIGARO. – The new deficit figures will they lead you to new cuts in health or education?

George Papandreou. – We produce in 2010 one of the largest deficit reduction ever achieved by a country in one year: 6% of GDP. These measures will bear fruit in 2010 with a deficit in 2011, as we are committed. We must understand that we have moved to the brink of bankruptcy. Because of mismanagement of the entire public sector: government, ministries, public enterprises, local authorities, the health system. We paid the bill of corruption, waste, tax fraud, and cronyism. We attack these fundamental problems. But this takes time. That is exactly the time it is missing.We were forced to take immediate measures of performance such as reduced wages, pensions and tax increases. The outcome of Sunday's elections showed clearly that despite the hardships and sacrifices required, the Greeks support the government effort. They understand that it is necessary.

"On pension reform, employers and unions have continued to talk." After this reform has given rise to serious wrangling between government and unions, the president of MEDEF, Laurence Parisot, now wants to look ahead. Objective: To resume the dialogue. "We believe in the power of the peer," she told Europe 1 radio on Sunday. And for that, she will invite leaders of various unions to meet to establish a "social agenda on the next two years."

For the president of MEDEF, we must find a way to "expedite all ongoing negotiations," including one on the modernization of institutions representing the personnel and the modernization of the peer.It is also necessary, she said, packing "obvious negotiations on supplementary pension schemes Agirc-Arcco.

"The government must establish more harmony in our country"

Laurence Parisot also expecting much from the new government. "We expect the new government's ability to establish a little more harmony in our country," she said.

Among the main issues she will discuss with them the job market. "We will diagnose the labor market," says the president of MEDEF. Freshly maintained his position as prime minister by the president, Nicolas Sarkozy, Francois Fillon said in a statement "to be firmly in a new stage which will allow our country to strengthen its economic growth in the service employment. For the president of MEDEF, the creation of jobs through the SOHO and SMEs."We must have the attitude of SMEs and to show solidarity with these companies, which may be both the most vulnerable, but also the first to leave."

"Continue to reduce deficits"

One of his goals is to bring the juniors and seniors. "There is a misconception that we have heard much that would be: a senior citizen who stays longer in the job is a job for a young and less," she insisted. We must, enterprises, we thought the relationship senior juniors in the same way. That is why we are considering the establishment of mechanisms for mentoring between junior and senior. "

Who said creating more jobs, said to boost this growth. Therefore continue to reduce deficits for Laurence Parisot. "If we continue in this direction, we could reach 3% or 4% growth by 2015. Otherwise, social issues will become dramatic. "The government has planned at least 40 billion euros in savings in the 2011 budget. Objective: To reduce the public deficit of 7.7% this year to 6% in late 2011.

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Plan Epargne Logement (PEL) will undergo a facelift. The Minister of Economy and Finance militates in the direction of reform of the property interest whose remuneration is fixed on arbitrary criteria since 1969. In an interview with Les Echos, Christine Lagarde has indeed announced its intention to make the ELP "more attractive, more popular so that households have an effective tool to build their personal contribution to a housing project." This reform proposal must be defended Wednesday's cabinet meeting, said the business daily.

It must be said that the ELP, largely forgotten housing reforms and savings, is "losing momentum," said the minister cool business card.In 2003, such investment accounted for 16 million cardholders, and this figure rose to 11 million today "and at the same time, stocks have declined from 227 billion to 176 billion," added the minister.

Attractive remuneration

In fact, to attract investors Bercy plans to establish a new formula for determining the rate of PEL determined by expectations of long-term rates for banks and revised annually. Specifically, in periods of high rates, the new PEL will offer an attractive remuneration with the opportunity to purchase a less expensive conventional loans from banks.Christine Lagarde said that if the new rate calculation was applied in the last seven years, the remuneration of the PEL was an average of 2.90% instead of 2.50%.

Regarding the conditions for obtaining loans "they remain the same," said the minister professional business card . Another point of interest, the ELP is not subject to income tax.

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Is the price to pay for the balance of power. In the EU new formula, Parliament carries the same weight as the twenty-seven states for the adoption of the EU budget. Regarding fiscal 2011, a penny saved is a penny more than ever. And the first shock, the result produced two legitimate dreaded deadlock and recrimination. Since Thursday, the twenty-seven governments and tenors of the 754 MEPs in Brussels have launched reconciliation of the last chance. "The European Assembly plays" Hold me back or I do something I "…" a diplomat analysis. "The Capitals have still not grasped: it will not agree without Parliament," says Joseph Daul, EPP boss of the majority group.

Both sides seemed slim hope of avoiding a deadlock over the European Treaty of Lisbon.The year 2011 would start without a budget, sending the current expenditure on a monthly basis in the manner of the Fourth Republic. In terms of image, the European Parliament which has the most to lose by appearing as a blocking force expensive, despite the legitimacy of universal suffrage and the additional powers granted by the Treaty of Lisbon. But over time, what are the capitals that would have to pick up the pieces: the EU budget represents nearly 80% of agricultural subsidies and regional funds that states can no longer do without. Besides the prestige projects (such as the External Action Service) and the heavy investments that can not fly without extension in 2011."Next year, governments in hand we eat," suggests a senior MP paperless payday loans.

Discrete leeway

If Parliament has the last word on spending, he has no voice on revenue, exclusive competence of Member States. This is where the shoe pinches. National treasuries, taken by the throat by their deficits, want at all costs curb the rise of their checks to Europe. "2.91% more in 2011, the number we want to put in stone," said one British official. On this point, Britain's David Cameron has the full support of Nicolas Sarkozy, Angela Merkel and nine other European leaders. "It will be 2.91%, period," insists a French source.

Seen from the side of the assembly, this figure would be rather a starting point for negotiations, even go to the cricket when the rest of Europe tightens its belt.In early fall, parties who dominate the Assembly have sealed their unity around a budget increase of 6.18%. Unofficially, their experts are ready to bring the cursor at midpoint: 4.5%. It is doubtful that the Assembly gets faced with a very British Treasury reassembled. The postponement to 2011 of unused envelopes or the difference between appropriation and disbursement of discrete scenes offer leeway.

Ultimately, Parliament could still lose on the numbers. But to get the pill, several countries including France are ready to offer a little honey political opening a debate with the Parliament on the EU's own resources. Provided they do not speak of a European tax, of course …