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Henri Proglio and Anne Lauvergeon, who lead respectively EDF and Areva, are called in on Wednesday afternoon at Matignon. The Prime Minister has every intention of putting an end to bitter arguments currently taking place between the two main leaders of the French nuclear industry.

Since late December, the two groups, which have the state as shareholder ultramajoritaire, to blame for the failure of the bidding in Abu Dhabi. And in January, has expanded their quarrel: Areva has just suspended the transportation of spent fuel – from EDF's power – to its reprocessing plant at La Hague. In the entourage of Francois Fillon, it stresses that both companies are forced to work together.The prime minister wants to put an end to these incessant disputes and public.

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For companies with over 50 employees, the countdown has begun. On 1 January 2010, those who are not covered by a sector agreement will be entered into an agreement or plan of action for the employment of seniors, with the unions concerned. While the fine provided for non-compliance with the law of frightening companies weakened by the crisis – it will amount to 1% of payroll – Labor Minister Xavier Darcos said Sunday in columns of a Parisian down the deadline for companies with fewer than 300 employees. These SMEs have three more months to comply with the law.

For companies with more than 300 employees, however, including "more than 1,000 agreements have already been adopted," the law will apply."Businesses must take this opportunity to end a tremendous waste of skills and social innovation by offering training, mentoring, part-time" said the minister.

France deplores, with 38% of senior operating, one of the worst rates in the European area. Called to order by Brussels after the relative failure of a first inter-national agreement in 2005, the government now hopes "to achieve the fastest possible EU target 'of 50% of 55-64 years at work. Left to threaten with a stick especially feared in times of crisis.

After the crisis management, management of debt. This is the slogan that could take the major industrialized countries, which are out of recession emerge. In fact, according to the OECD, the 30 most advanced countries will see their debt rise to 100% of their wealth produced in 2010, signaling a near-doubling of their debt in twenty years. Japan's flirt with the 200% of its GDP, followed by those of Italy (127.3%) and Greece (111.8%).

The France is not there … Its debt will reach next year "only" 84% of GDP – a level already history. And since 2013 it has exceeded 90%. UMP Senator Jean-Pierre Fourcade, a member of the Finance Committee of the Senate, said Wednesday that France was now living in "perpetual debt"."The debt spiral is fueled by the fact that not only must pay the debt charges but that revenue for the year does not cover expenses," said Senator of Hauts-de-Seine. The debt burden is estimated for 2010 at 42.5 billion euros. His payment could become the first budget item in 2012.

In a report presented on Wednesday, Jean-Pierre Fourcade said that the evolution of the debt burden is explained not only by the stock of debt increases. but also by the rate of inflation: in 2008, the deviation from the prediction which had been established by the Government had created an additional cost of 2.5 billion, while it had resulted in savings of 2.8 billion in 2009.And finally the interest rate: Agency France Trésor has calculated that an increase of 0.25% rate of the European Central Bank in 2010 compared to what is expected (short-term rates to 1.3% and long-term rates to 3.9%) would increase the debt burden of 600 million euros.

Conference on deficits

The quality of the signing of France – which currently enjoys the maximum rating, AAA by the rating agencies – now enables it to fund the best conditions. "But maintaining its advantage is conditional on fiscal consolidation in the medium term," reaffirms the Senate, which considers "necessary to send signals to that effect to our partners and market actors" from 2011.

This was started to the Head of State, in announcing the holding of a conference on public deficits, and the Prime Minister, setting back to 2014 to below 3% deficit "price adjustments very important."

Beginning 2010, France will send to Brussels – which now requires a more ambitious timetable than François Fillon – its multi-year plan of public finance. "It is a moment when we must take action just brutal," said the entourage of the Minister of Economy Christine Lagarde.

In regard to debt management, the report stresses that the funding program introduced in the draft budget law (the France would borrow 112 billion in 2010) "is obsolete even before being voted, given the absence of evidence on the future national debt. "He took the opportunity to recall that it "would be much less costly if it were agreed on markets rather than individuals and if it was issued at once," before the rise in interest rates. Focusing on "financial contributions from the state," the senators can only note that enterprises are "affected by the crisis."

The report stresses that the market situation "does not consider major privatization deals in 2010. The capital increase of the Post Office should make an exception. "There were no resources allocated to debt reduction in 2009, prospects for 2010 unfortunately does not consider a start in this direction next year," the senators concluded.

The bank employees of Societe Generale were on strike Tuesday. Like their colleagues at HSBC France. In Defense or the Champs-Elysees, hundreds of them gathered to demonstrate. These disgruntled bankers do not resent the loss of their bonus. They are employees of the network who try to bend their leadership in wage negotiations. They also protest against new working arrangements introduced gradually in the agencies. If they are not heard, the mobilization of Tuesday could be repeated throughout the winter, prevent unions.

Lean months

The branch negotiations have so far failed. The French Banking Association (AFB, which concerns only part of the sector) proposing an increase of 1.5% of the conventional minimum, when the unions called for a general revaluation."These last months have been very difficult for employees, now that banks are profitable again, they must reward their employees," all argue their union representatives. A discourse that often encounters Department still concentrated on management costs during periods of low growth. For now, only BNP Paribas was able to complete an agreement with its unions. Elsewhere negotiations are ongoing.

They have taken a particularly difficult at Societe Generale, affected, in addition to the financial crisis, by a succession of setbacks: Kerviel affair, the uproar caused by stock options for executives … Wednesday, 8.5% of employees by management , 30% for CGT representative, went on strike. They call about 2% increase against the 0.7% proposed by management, embellished a stake of EUR 600.Frederick Oudéa, the new CEO of Societe Generale, is expected to manage this conflict, rare for a bank to the social body traditionally welded with its direction. Employees of HSBC France were also called the strike on Tuesday. "At least 600 people marched on the Champs-Elysees, notes Gerard Huger, the delegate CFTC. Management does not hear us, we will write to the headquarters in London, and organize new day of mobilizations in France. "Management has identified for its 6% share of strikers in Paris and 12.8% in the provinces.

In LCL, Crédit Agricole group, the unions expect one-day strike in January. Until then, they organize events December 2 at the last negotiating session with management. Side BPCE (Caisses d'Epargne and Banques Populaires), negotiations begin.