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Nicolas Sarkozy could be expressed in the late afternoon, after his meeting with Herman Von Rompuy, confirmed Tuesday morning in his entourage Figaro. It would only be a few minutes of intervention, on the steps of the Elysée with President of the European Council.

"Nothing is confirmed yet," says one, however. "It will also depend on market developments in the day," says an adviser. Monday night, the Elysee was between a very firm denial to rumors that a scenario out of Greece to the euro would be discussed at the Elysee. We emphasized above all the character "drama" of this to the Greeks themselves, but also for the euro area.

"To ensure compliance with the commitments of the July 21"

"This is not a desirable solution, we do nothing to make it desirable," confided a senior official Monday night Elysian following folder every minute electronic check payday advance."We try to be consistent: we are about to present to Parliament the rescue plan that was decided on 21 July in Brussels. We do not prepare in the wings is another scenario that would offer the exact opposite, "he continues.

The state still remains fragile in which finances are Greek, "We try to convince them to do everything to achieve compliance with the commitments of July 21," says this source. Tuesday evening, the Head of State may wish to print this message in a clear and solemn.

Arrived at the airport Charles de Gaulle airport, passengers will soon have the choice between the RER, bus, taxi and perhaps … the helicopter. In March 2011, the leadership of the Chamber of Commerce and Industry of Paris (CCIP) conducted a survey of leaders of member companies of the Association of users of Defence (AUDE) on their vision of what transportation . The results of the study, published on the site of the PICC last July show that the conditions for development of helicopter transportation in the Greater Paris should be improved. The French capital would become more attractive to foreign businessmen.In addition, the strengthening of the pole-Dugny Air Show, with the arrival in 2014 of the activities of Eurocopter and installation of new research and development of EADS has a ripple effect for the aerospace Ile-de-France, to create new jobs. "It is therefore necessary to provide rapid and efficient links between the international arrivals (airports) and the business districts of the Ile-de-France," the report concludes.

The CCIP has been calling for the creation of a 1997 helicopter service business districts of Greater Paris, especially the defense. But despite the promises of the Secretary of State for Transport Dominique Busserau "to ensure more balanced coverage of the Paris region by helicopter," the number of helicopter movements on the only heliport in Paris in Issy-les-Moulineaux has continued to decline.It was divided by 3 compared to 1990. And it's not finished. Barely reaching 10,000 flights per year at present, the number of trips by helicopter should be reduced to 3,000 by 2014, with only the keeping missions "public service" (EMS, military flights …).

Two new helipads in Paris?

However, the state would already floor on new sites asked. According to reports in Le Parisien, the government is studying various implantation sites for new heliports in Paris and the suburbs.It would thus be considered to implement a site near La Defense and other loops in the Seine-Nord, Gennevilliers and to Villeneuve-la-Garenne.

The project, which emanates from the Secretary of State for Transport, however, would be in total contradiction with the plans against noise, developed by the associations of environmental protection of the Ile de France and the program of sustainable development as mayor of Paris. Companies located in Defence do not support this idea, but do not criticize. "Our staff moves only by car, and it is not planned to spend on travel by helicopter," says one at GDF Suez, the company that has a tower in La Defense.

A project that builds on the experience of major international cities

Although very clean, the air services to major business centers is already highly developed in New York and Tokyo.To avoid traffic jams, the helicopter is a preferred means of transport used on Wall Street, which are well under ten minutes to get from JFK and Newark airports. The island of Manhattan, with four areas of raised, is averaging 37,000 helicopter movements per year.

In recent years, the city of Tokyo began to lose its appeal because of the distances are too long between Narita Airport and the business center of the Japanese capital. Many companies then decided to move their Asian subsidiaries to Hong Kong and Singapore. To facilitate travel between the airport and central Tokyo, the prefecture of the city has decided to introduce in 2009 a service of air service.The routes of some twenty minutes, supported by Mori Building City Air Services, a subsidiary of a real estate group Mori Building were so charged up to 500,000 yen (about 4580 euros) by helicopter, for 4 passengers.

But the country that exceeds all records for the business aviation market is Brazil. The country has seen its traffic increase of private planes and helicopters from 30% in one year. The city of Sao Paolo, has already surpassed New York and Tokyo, with 593 aircraft, flying over the metropolis daily. Helimarte society, the more important hire of helicopters in Sao Paolo, has seen its business grow by 20% in 2010. In addition to saving time, the helicopter remains in Brazil means of transport the safest for people with very high incomes. Nearly one hundred people were kidnapped while traveling by car in Sao Paolo last year.

Wall Street hesitates. As in Europe, investors do not seem entirely convinced by the agreement reached in the night between Democrats and Republicans on the debt. Hours to 4:15 p.m., the Dow drops 0.57% to 12,072 points, the Nasdaq lost 0.43% to 2744 points and the S & P loose 0.57% to 1285 points.

It is in extremis, on the night of Sunday, which is reached an agreement on raising the ceiling of U.S. debt, after a speech critical of President Barack Obama. Two days before the deadline set by the U.S. Treasury, the stakes were high: without this increase, at least 2.1 trillion dollars, the United States, on the edge of default, could sow the wind panic on financial markets.

Barack Obama has managed to generate compelling reconciliation of Democrats and Republicans on this agreement, investors now hope to see a bill passed in the coming days. But that will depend on the Congress which has yet to give the green light, no later than Tuesday night. Similarly, no one knows how to react, however, the rating agencies. Despite the compromise finally reached on the debt, the loss by the U.S., their AAA rating is not excluded and would have severe repercussions on the economy and markets.

After selling more than 4% last week, which will remain the worst of the year, the Dow had yet started the day up 1.10% at 12,277 points.Standard & Poor's 500 and Nasdaq 100 progressed to their respective share of 0.86% to 1303 points and 2785 points to 1.05%.

The manufacturing sector to the death

At the macroeconomic agenda, a bad surprise helped to fill the atmosphere: the growth in manufacturing in the United States slowed in July against all expectations, according to the purchasing managers' index released Monday by the Institute for Supply Management (ISM), which fell to its lowest level in two years. The index of manufacturing activity of this organization stood at 50.9 last month, its lowest level since July 2009, against 55.3 in June. The market economists polled by Reuters on average expected 54.9.

Construction spending in the U.S. have also increased by 0.2% in June, according to figures from the U.S. Department of Commerce published Monday.These expenditures reached 772.3 billion dollars, while analysts polled by Reuters had forecast a rate unchanged no credit check payday loans.

This week, analysts said Aurel BGC, "investors will focus on indicators confirming whether a rebound in growth. In view of the latest indicators movement is far from certain. Auto sales (Tuesday) and retail sales side on Wall Street for the month of July will be eagerly awaited. This weekend, the employment figures will be released by the BLS.They will be very affected by the lay-off of 20,000 staff in the State of Minnesota. "

73% of companies did better than expected

The European steelmaker ArcelorMittal and U.S. mining company Peabody Energy (0.73% to 57.89 dollars) on Monday made a hostile bid on the Australian Macarthur about 4.7 billion Australian (about 3, 6 billion euros), after the failure of talks to reach an amicable agreement. The board of Australian mining group declined Monday to support the joint bid from ArcelorMittal and Peabody to 15.50 dollars per share.

The title of the American manufacturer Ford (2.54% to 12.52 dollars) could take 25% as the group reduced its debt, is launching new models and trying to expand in China and India where he remained late over its competitors, said Monday the magazine Barron's.

Shares of online retail Amazon.com (1.75% to 226.41 dollars), which is just below its record high, could earn 10% to 25% if the investment result rapid growth in its retail operations, cloud-computing and the Kindle reading light, said Monday the magazine Barron's.

The railway company of the UAE, Etihad Rail, said Monday it has ordered seven locomotives Electro-Motive Diesel, a subsidiary of U.S. manufacturer of construction equipment Caterpillar (2.36% to 101.13 dollars).

On the corporate side, after Merck (+0.03% to 34.10 dollars) and Chevron (1.57% to 105.67 dollars), which published its quarterly results Friday, the ball of publications in the U.S. coming to an end.Nearly 65% ​​of companies have indeed published their findings in the U.S. and 73% reported earnings above expectations.

Among the publications planned the first week of August, include those closely watched CBS, Cephalon, and Pfizer (Tuesday). Will be followed by Comcast, Time Warner and Mastercard (Wednesday). Then, Kraft Foods (Thursday), Procter & Gamble and Viacom (Friday).

M6 is a very good student of PAF. Without the weight of the club of Bordeaux, with poor results affect the activity, the group chaired by Nicolas de Tavernost successful in the first half, a clear round. M6 Group has grown from 6.2% of its total advertising revenue during the first six months of the year to 433.1 million euros. Advertising revenues from the flagship, the M6, with growth of 5.3% to 356.5 million euros. At the same time, the cost of grid, which is established in the first half to 159.9 million euros, up 2.3%. What free "operating margin of 31.4%, one of the best in Europe, up 6.3 points."

"Hearing in progress"

For the leaders of the audiovisual group, this performance is primarily advertising-related "to an audience up – 10.5% against 10.4% audience share a year ago." Similarly, the other group's advertising revenues rose 10.5% to 76.6 million euros.

However, the group as a whole must grant a 3% decline in its total turnover to 719.7 million euros, mainly due to poor performance of Girondins de Bordeaux – 40% drop in revenue – but also Income diversification and audiovisual rights, down 10%. This fall would be "100% due to the lack of video output of the Twilight", a new album which is scheduled for November. Finally, distance sales have also suffered, the market became more competitive with impacted by the economic crisis.Consumers would then become much more selective in their purchases on the Internet.

Yet the group's operating income rose 10.9% to 146.9 million euros. Similarly, net income was up 8.4% to 91.5 million euros. The M6 ​​can boast a net margin, almost unique in Europe, 12.7%.

Do not panic in financial markets. This seems to be the credo now senior U.S. policy makers after a weekend marked by new sterile discussions between elected Republicans and Democrats on the thorny issue of the reversal of U.S. debt. Twice since Friday night, the talks between the two sides have failed to unlock the status quo on the action to start to reduce the U.S. debt. With a huge debt ceiling set by law (14.294 billion U.S. dollars) was exceeded on 16 May, which could lead the world's largest economy straight into a default on 2 August.

Friday night, the country experienced a further escalation in the standoff between Democrats and Republicans, they refused to comply with the requirements of President Barack Obama.The Democrats call indeed now $ 400 billion of additional tax increases. A change of position is unacceptable, according to John Boehner, the Republican leader of the House of Representatives, while the two sides had previously agreed to a ceiling of one trillion dollars in additional tax revenue to reduce debt further Atlantic. Saturday evening, the President was therefore convened in emergency to four White House officials Republicans and Democrats in Congress for a new emergency meeting. But no more successful in negotiations, after 50 minutes of discussion.

Do not scare investors

The inability of both sides to agree on tax revenues and budget cuts necessary leads the U.S. on a slippery slope.Besides the risk of degradation by the rating agencies of their sovereign rating, the status quo would cause panic on world financial markets, barely recovered from the fears of the risk of contagion from the crisis of the Greek debt to other countries Europe.

U.S. officials are well aware, those who now wish to reach an agreement by Sunday evening before the opening of Asian markets. Rebuked by President Barack Obama, Congress pledged Saturday to present a plan to reduce the deficit within 48 hours to push the risk of lowering the country's sovereign rating. The fact is that beyond the tax revenues, the issue of budget cuts expected to be a problem. Democratic side, the president believes that the 1.6 trillion cuts represent an offer "extraordinarily fair".Republican side, these efforts remain insufficient to John Boehner, who wishes to bring to 3 trillion budget savings over 10 years.

Critical deadlines

Given the failure of talks between the president and elected officials of both Houses, the compromise could eventually go through further discussion within Congress. This Sunday, "the leaders of the Senate and House have agreed to return to Congress to speak to their groups and discuss the way forward. The conversations will continue all day "has said Jay Carney, spokesman for the president. For now, no new summit meeting is scheduled with Barack Obama, but on the other hand John Boehner also called for an early agreement.If a common ground on removing the ceiling on debt seems likely, no party could only be satisfied with this short term solution, and discussions on the reduction of public spending should be more difficult. And less than 10 days from the deadline of August 2, the deadline becomes every day a little more critical.

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The occurrence in extremis of a third candidate could thwart the ambitions of Christine Lagarde and Mexican Agustin Carstens, until that night still only competitors to head the International Monetary Fund (IMF). The Governor of the Central Bank of Israel, Stanley Fischer, was a surprise Saturday night by making public his candidacy at the last minute, just before the deadline. While the economy minister was previously considered the favorite to succeed Dominique Strauss-Kahn's candidacy Israel could reshuffle the cards in the game

World-renowned economist, Stanley Fischer had been a time favors the Financial Times, The Wall Street Journal and Euromoney. The Isrélien, whose CV is like a flawless, no stranger to the IMF.Former vice president and chief economist of the World Bank until 1990, he served as deputy director of the IMF from 1994 to 2001. University, he was also the thesis of Olivier Blanchard, the current Chief Economist of the Fund, during its years of teaching at MIT. After several years in the private sector, during which he served as deputy director of Citigroup and president of International Citigoup, he was appointed and then renewed in March at the head of the Israeli central bank.

At age 67, age is a weak point

The good health of the Israeli economy, which has weathered the crisis virtually unhindered, could also play in his favor. With growth of 4.7% in 2010 and forecasts growth for 2011 of around 5.4% according to the OECD, Israel recorded the best economic performance since its inception in 1948.The fruit, as recently explained the Israeli Finance Minister Yuval Steinitz of the Figaro, heterodox economic policy implemented in this country since 2008. Unlike most Western countries, Israel has chosen to raise the VAT while pointing the recession, while pledging to cut taxes in 2017.

"We invested all our energy and our money to provide reassuring outlook for consumers and businesses. Because if you aggravate fiscal deficits in order to preserve the current situation, nobody wants to invest because of lack of confidence in an economy unable to balance its accounts, "explained Yuval Steinitz last week with Le Figaro. A strategy that could fly as Europe struggles to cope with the excessive debt of some of its members.

The nomination of Stanley Fischer, however, suffers from a double reef.His dual nationality Israeli-American could play against him, insofar as director of the IMF is traditionally awarded to a European. Another weak point: his age. At 67, Stanley Fischer is two years age limit for applying to head the IMF. The Indian economist Montek Singh Ahluwalia, 68, had already had to throw in the towel at the end of last month.

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Drought crisis in the cucumber and G20: Invited Talk Orange-Le Figaro, the Minister of Agriculture Bruno Le Maire is back in detail on Monday on these three topics that dominate the front of the news. Positive for some 200,000 French farmers victims of water scarcity, France should be able to release national aid beyond the maximum normally allowed by the European Union (EU). "I moved (Monday, Ed) in Brussels to discuss the matter with Ciolos (Agriculture Commissioner, Ed). No one will be forgotten. I think we have opportunities for national support that will exceed what is permitted by the EU to ordinary, "said Bruno Le Maire.However, the European Commission does not yet directly aid from the EU budget.

Bruno Le Maire especially wanted to ensure that national aid were "euro-compatible", that is to say, "consistent with European law." He remembers the painful episode in August 2009, just months after his arrival Rue de Varenne: Brussels had demanded repayment of State aid paid by its predecessors to fruit and vegetables because the Commission had deemed illegal with respect to Community rules.

"Compensation to the nearest euro"

Another hot topic of the moment: the crisis of confidence among European consumers against cucumbers, lettuce and tomato, consequent upon the outbreak of the deadly bacterium E. coli. While the season is at its peak, this resulted in considerable losses for European gardeners.Especially for the Spaniards, whose whole fruits and vegetables have not been sold for export, more than 200 million in total losses cash advance loan. French producers have not been spared. "There must be a compensation to the nearest euro losses suffered by vegetable growers in France not only for producer organizations but also small producers," insists Bruno Le Maire. A first encryption performed by vegetables in France last Friday, evaluates losses just for cucumbers and tomatoes to 4.8 million. "Our services will address these estimates, in order to unblock the aid faster," said Bruno Le Maire.

The latter will participate on Tuesday with his counterparts in Europe affected by this disaster to an extraordinary meeting in Luxembourg on the issue.It could lead to "an agreement in principle to action," said Bruno Le Maire for the future that "we must draw the consequences of serious device malfunction safety revealed by this crisis." Finally, the G20 on agriculture to be held in Paris in a fortnight, Bruno Le Maire, who completes her world tour in London this afternoon, is optimistic about the possibility of reaching an agreement. "After a year of negotiations, I think it is not far from a consensus. Agriculture is a strategic issue for the world, "said Bruno Le Maire. All subjects that did not give her time to reflect on the estate of Christine Lagarde. "I do not think about the issue, merely there to answer his name when talking to Bercy.

A decline of 7.8% of GDP in the first quarter! Tunisia pay expensive, economically, its political independence. Just as the whole area, shaken by the revolutions of the spring. "Observers have not yet realized the importance of economic and social transition taking place in these countries," said Philippe de Fontaine Vive, Vice-President of the European Investment Bank (EIB). "The recessive effect of this transition will inevitably be strong, but it should be supported: prosperity without democracy can not be consolidated."

Sign of distrust of the area, "the number of direct investment projects in countries of the southern Mediterranean has dropped by 13% compared to the pace of 2010, according to the observatory Anima Investment. In detail, Egypt and Tunisia have experienced over the first three months of the year a 50% drop in investment projects.Libya and Syria are also severely affected, while the Lebanese resistance. Only Morocco stands out by recording an increase in expenditure compared to previous years. With 37 projects during the first three months of 2011, the Moroccan kingdom even beat his record.

Click on the thumbnail to enlarge the graphic. Free valuation

All these figures underline the urgency of assisting countries in transition to democracy. "Our two biggest challenges are unemployment, with 750,000 job seekers – including 160,000 young people – and the lack of long-term financing," said the Tunisian Minister of Finance, Jelloul Ayed, at the 9th Conference of the FEMIP (the subsidiary of the EIB in charge of financing the South-Mediterranean), held in Casablanca last week.To solve them, the government prepares a five year plan in two phases: short term, it facilitates the creation of public employment and compensation for firms in difficulty.

In the long term goal is the establishment of a genuine financial sector, based on the creation of a fund deposits and deposit, to fund infrastructure projects and a fund "generational" – Sovereign – fed by the privatization proceeds.

But this will not, without outside help. EIB figure indeed to 300 billion euros investments needed in energy and transportation infrastructure to achieve in nine South Mediterranean countries by 2030. At the G8 in Deauville, May 27, the major industrial countries pledged to help the Arab countries in their transition. But their public finances are battered, they have promised are expected."This forces us to consider additional funding, such as public-private partnerships (PPP)," said Philippe de Fontaine Vive.

The PPP is a private operator to finance, construct and operate a public service on behalf of a state or community. The EIB, the first financier of PPP in Europe, has offered to make its expertise available to free southern Mediterranean countries to help develop the legal and tax, to establish this type of financing. It associated itself with the creation of a "club PPP, consisting of four pilot countries in the region, Egypt, Jordan, Morocco and Tunisia. But this initiative, full of pitfalls, will produce results only in the medium term. In the short term, the Bank has pledged to accelerate its direct financing by paying 6 billion euros by 2013 in the southern Mediterranean countries.

At Deauville, all multilateral development banks have pledged to provide $ 20 billion in two years. It's much the same time very little. Tunisia waited – alone – 15 billion euros in aid from the G8 …

Unsurprisingly, Georges Tron, accused of sexual assault by two former employees, resigned Sunday as Secretary of State for Public Service, announced earlier this afternoon in a statement the Prime Minister François Fillon who said "take note" of this decision. According to the Elysee is Baroin, minister of Budget and Appropriate Minister Georges Tron, who resumes his duties.

This departure is not a surprise. In the morning, Le Journal du Dimanche had reported that the resignation of Secretary of State would intervene in the day. According to the weekly, the decision was taken Saturday.It is François Fillon person who would be responsible for prescribing the manner of his departure.

He defends himself in his letter of resignation

"As a private citizen, I will make a personal matter to recognize my innocence while fighting the charges of vindictive two former employees, one was fired for embezzling public funds entrusted to him and the other resigned because of conduct unbecoming, "said Georges Tron in his resignation letter that was provided Lexpress.fr.

"Anyway, the press campaign that they have caused – before any intervention of the judiciary – has received such coverage in the media, that our citizens can consider myself as guilty before my rights have been begin to be implemented: think, Mr. President of the Republic, I have not even informed me that the complaint is, the procedure does not provide (presumably because it does not the public trial that I did), "said the now former Secretary of State for Public Service.

Alain Juppe pushes him towards the exit

In the columns of Le Parisien on Saturday, Georges Tron still seemed to want to believe. "I do not want to be annoying," he noted, while ensuring they do not feel "under siege". "I am extraordinarily serene," he explained in everyday life payday advance.Saturday afternoon, his lawyer indicated he would resign if the Head of State or Prime Minister asking him.

But on Sunday, the deal seemed to have changed. Alain Juppe including implicitly invited the secretary of state to resign, saying the government members must be "above reproach". "For now, he is presumed innocent," said Minister of Foreign Affairs on Canal +. "The rest is a matter of personal ethics. I have no lessons to give, but there are moments where he must learn to take responsibility themselves, "he said.

Secretary of State for Public Service is currently the target of complaints from two former employees of Municipal Common Draveil (Essonne), where he is mayor. The prosecution of Evry has given the police a preliminary investigation for sexual assault and rape.The two women have long been heard Thursday by the investigators, who have provided a list of witnesses, mostly city employees, may corroborate their versions.

A third complainant?

Sunday, JDD reveals that a third alleged victim would have emerged and should be heard in the week by investigators. He is a commissioner Draveil moved "on demand" by Georges Tron earlier this year. If we do not know yet the details of this story, a union officer told the weekly that the Secretary of State "was hard on her (the woman) for months. (…) I do not know exactly what happened between them, but I know she has lived all this very badly, "he said.

The lawyer Georges Tron, Mr. Olivier Schnerb, denounced Sunday the "media manipulation which has been subjected.""It is presented in the media as a culprit condemned already" while his two accusers' delight to show on television, "he said. "The defense of Georges Tron has not yet begun.

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As the crisis still weighs on the peripheral countries of the euro zone, Germany has shown a healthy insolent in the first quarter with growth of 1.5% well above expectations. Rising domestic demand, catch-up effect of the crisis and strong exports have combined to boost European locomotive. With unemployment at its lowest for twenty years, Berlin could aim for a 3% growth this year, according to economists, although the government still officially on table +2.6%.

Also supported by France, Austria and the Netherlands, the overall growth in the eurozone was 0.8% during the first three months of 2011. This represents an acceleration from the previous quarter (+0.3%), and outperformed the U.S. (+0.4%). But forgiveness is uneven across countries.Those in the periphery, already grappling with concerns about sovereign debt, still suffer from a much lower growth, Portugal even officially entering a recession.

Fiscal consolidation

This trend towards decoupling is here to stay. "In the future, we continue to expect growth to multi-speed EU," said the European Commission on Thursday, when presenting its outlook for 2012. After an increase of 1.8% last year, GDP should grow 1.6% this year and 1.8% next year in the euro area. In total, the recovery may be weaker than in previous upturns, warned Brussels totally free credit score.

Moreover, unemployment is likely to remain high (10% this year and 9.7% next year).To firm growth, Economic Affairs Commissioner Olli Rehn yesterday pleaded for "the continuation of fiscal consolidation and the implementation of structural reforms that promote job creation and improve the competitiveness of our economies."

The side of inflation, the Commission revised its forecasts upwards with a 2.6% increase expected this year and 1.8% next year in the euro area, driven by higher prices of energy. Result, "less than an intensification of the crisis in the peripheral zone and contagious effects more marked, the ECB should prepare the ground for a rate hike at its meeting of July money," said Ken Wattret at BNP Paribas.

Such tightening may accentuate the phenomenon of decoupling.As regards Greece, Brussels downgraded its forecast yesterday, with a fall in GDP of 3.5% (instead of 3%) and a deficit of 9.5% (instead of 7.4%) expected this year. Athens will not escape a new package of austerity. "It is still necessary to take further fiscal consolidation measures," Olli Rehn has warned.

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