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"The port reform has transformed the relations with the unions

Is more than a breath of fresh air. Thursday's announcement by the second owner worldwide, the group Mediterranean Shipping Company (MSC), a new investment of 160 million euros in the Port of Le Havre is proof that the future of shipping lights is not so dark.

MSC will indeed develop over 1400 meters long, four positions for its container, whose capacity could increase from 14,000 to 16,000 containers per ship. Giants of the seas as MSC, previously installed alongside Bougainville, in the inner harbor of Le Havre was not able to accommodate.

Titanic work

"The equipment we deliver to MSC required a public investment of about 320 million euros.The shipowner in turn will invest 160 million in coatings, rails, gates, new technologies … "lists Hervé Cornede, commercial director of the Grand Port Maritime du Havre (GPMH). The work already started should be spread until the end of 2012. Once completed, they will allow the owner-Italian Helvetic reach an annual capacity of 1.4 million containers.

Port 2000, the new port of Le Havre dedicated to container, was inaugurated in March 2006 after four years of titanic work for an investment of 1.3 billion euros. In total 4200 meters of docks were created. And Port 2000 full show soon, since it has more than 700 feet of docks available.

France, she missed electricity this winter? Nine months after the German decision to phase out nuclear reactors eight of seventeen will be stopped before the end of the year, the question of feeding the Hexagon concern to the government. Yesterday, on the occasion of the presentation of the report of the electricity transmission network (RTE) on the transition of winter, the industry minister, Eric Besson, has expressed its "vigilance".

Governments based on the calculations of the EDF subsidiary responsible for networks and very high tension. In the first nine months of the year, French exports of electricity to Germany increased by 11% over 2010, while imports fell by 50%.With all these elements, RTE suggests a risk of disruption "moderate fast cash loans."

Regarding the availability of the generation French, it is mixed: most important for the period January, at least in contrast to the months of November and December, due to the revised schedule of the facility.

Wednesday, Eric Besson welcomed RTE can count on an average of 1400 MW: Further expansion of wind power, new combined cycle gas came expand the portfolio of means of production.

Remains the black spot in Britain, has long been known. The region, which produces only 8% of the electricity it consumes, is particularly fragile. Certainly, infrastructure building projects exist, but they are slow to be realized.

"We can not accept that the agents are subject to threats or attacks," warned Sunday Christian Charpy, the Chief of employment center. A few days after the hostage-taking occurred in a Parisian agency, on October 17, management of employment center announced the launch of a major consultation on internal security agents. One way to defuse the anger rumbling in the public institution. In an already tense social climate, officers were called last week to exercise their right of withdrawal, in protest against the increasing number of attacks.

This finding, management did not question. Christian Charpy acknowledged Sunday that the hostage-taking last week's "testimony to the rise of attacks, mostly verbal but sometimes physical, faced by agents." 5500 incidents were recorded last year.Above all, their number increased by 20% in the first half of 2011, he told AFP. Heightened tensions, insults more frequent in the Home: Agents evoke an environment that has worsened since the merger and the simultaneous rise in the unemployment rate.

Warning system

Christian Charpy, however, refuses to see a specific employment center. Believing that the public body does not suffer more than others of the progression of antisocial behavior, it does not bind the surge in attacks "any degradation of service cash advance in one hour."

The solutions were then primarily emergency measures in cases of proven abuse. "We must ensure that the existing warning system works effectively anywhere," said Christian Charpy. Each agent is indeed supposed to activate a silent alert his office, which appears on computer screens of his colleagues.They can then take action.

If Christian Charpy does not support the presence of security guards in the agencies – a "temporary solution" – he argues in contrast to the introduction of mediators, "to facilitate discussion and resolve conflict." Such a solution is currently being tested in Seine-Saint-Denis and Marseille.

The director of employment center would also like to "systematize the presence of executives close to the reception areas, which are often the scene of the assault." In many cases, officers who work there are indeed inexperienced, often in CSD, and less able to deal with a tense situation.

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"The attacks are increasing at employment center

Light beverages will be taxed eventually. MEPs adopted on Friday the principle of a tax on soft drinks doubled and extended to beverages with artificial sweeteners. Two cents per can, this should bring 240 million euros instead of 120 million euros initially planned, at the announcement of the measure by François Fillon on August 24. If the government were in favor of doubling the tax to finance a reduction in the cost of agricultural labor, he was strongly opposed to its extension to drink with sweeteners.

Even today, the budget minister, Valérie Pécresse, had urged members to "not lose its coherence" to the measurement and not to "confuse" the public health message.In view of the fight against obesity, taxing drinks lights and soft drinks, "this is not the same thing," had earlier noted the Minister of Health Xavier Bertrand. But MPs were finally ignored the opposition and intense lobbying against the measure of industry.

Tax benefit of reduced fuel oil

In addition to the tax on sodas, parliamentarians got down to the vote of other anti-deficit. Several amendments adopted Thursday night or the night of Thursday to Friday eliminate or reduce existing tax benefits.

This applies to the tax benefit of heating oil used for professional use (in agriculture or construction), that members have reduced Thursday to complete the financing of the lower cost of agricultural labor.The domestic consumption tax applicable on this energy source was increased from 5.66 euros to 7.20 euros per hectolitre. It should bring 80 million euros.

MEPs also voted Thursday night a special tax applicable in 2012 on sales of duty free subject to industrial CO2 quotas. 200 companies overall are expected to be affected by this measure, which should yield about 200 million euros. "It is not an embryonic carbon tax," warned Valérie Pécresse, but "to generate CO2 allowances free to give new entrants."

Measuring more anecdotal in terms of expected revenues (2 million), the reduction of 15% per year of detention applicable to capital gains from the sale of a horse race or sport, has been deleted.The objective of this measure in the Chamber called "anti-Morin" or "anti-Bayrou," referring to the taste of these members for riding, is "to end a plus for horse owners" , explained Thursday the deputy PS Christian Eckert. The reduced VAT rate applied to the horse industry has been maintained, however, because the number of jobs at stake, valued at 6000.

(With AFP)

The mood is gloomy Tuesday in the Paris Bourse. The debt crisis and fears of a default still saddled Greek markets. The CAC began the session down 1.49% at 2 883.29 points after having already closed on Monday, down 1.85% to 2926.83 euros. Dexia tumble more than 15% in early trade. Elsewhere in Europe, London was down 1.40% to 5,004.51 points and Frankfurt from 1.72% to 5376.60 points. Also down sharply, Wall Street Monday reached its lowest level since September 2010.

Dexia tumble more than 15% in early trade

Monday evening, the finance ministers of the Eurogroup announced after their meeting that they see "in October," the decision on the next tranche of 8 billion euros to Greece.Europe is planning to review the particupation private sector in the second aid plan and is considering increasing the relief fund for indebted countries (EFSF). Finance Ministers have also agreed on the granting of collateral in exchange for loans to Greece.

Athens, meanwhile, announced new measures after Sunday warned that the country would not meet its deficit targets required by its creditors.

Oil down

Despite these announcements, this is no time to calm the markets on Tuesday morning. In Asia, the Nikkei yield 1.31% to 8433.27 points and the Hang Seng in Hong Kong 1.59% to 16,554 points. Fears weigh on the euro area also on the European currency has reached Monday, a low of ten years against the Japanese currency at 100.96, yen.This morning the euro is worth 101.21 yen and 1.3218 dollar.

Oil markets, concerns about the global economy weigh on prices: a barrel of "light sweet crude" for delivery in November lost $ 1 absolutely free credit score.11, to 76.50 dollars in early electronic trading. A barrel of Brent North Sea crude for November delivery gave up 92 cents to 100.79 dollars.

In terms of macroeconomic indicators, investors will pay attention to the publication of industrial producer prices in the euro zone at least August. Overseas, industrial orders in the U.S. for August are expected in 16 hours. At the same time, the president of the Federal Reserve, Ben Bernanke, scheduled to speak before a congressional committee on "economic forecasts".

Dexia has announced the sale of its flagship

The entire banking sector will be followed on Tuesday.The board of directors of Dexia announced last night to have initiated a process to solve the structural problems of the group but did not mention track in particular. The Franco-Belgian bank should sell its flagship accelerated and isolation of its non-performing assets in a "bad bank". His last note was placed on negative watch by Moody's.

GDF Suez has completed the sale of the Rete Gas G6 consortium of infrastructure funds F2i, AXA Private Equity and Enel Distribution. The sale values ​​the distribution assets at an enterprise value of 772 million euros, to 103% of the regulated asset base in 2010, 9.3 times Ebitda and 17.5 times net income. This was announced in June.

Bonduelle has presented a sharp drop in its annual net profit by 48% to 30.4 million but expected a rebound in profitability for the year 2011-2012.The food group is also in talks to buy the vegetables Aucy in Russia.

"We can not talk about withdrawal of state for education," says one Wednesday evening at the Ministry of Education. Of course, the "mission school education" total in 2012, 62.33 billion euros in payments against 61.8 billion euros in 2011. But in practice the proposed 2012 budget builds on the budgets of previous years with the removal of thousands of teaching positions. School education "contributes substantially to the efforts of non-replacement of retiring in two. Thus, 14,200 jobs will not be replaced in 2012, "says Bercy.

At the request of President Chirac, concerned the ski local elected officials, "the balance of closures and openings will be no classes in September 2012 in the first degree": 5700 positions will be eliminated, however.Secondary education will pay the heaviest price, with 6550 faculty positions and less. To these job cuts, plus those of private schools and about 400 administrative. The ministry expects a dozen of "levers" to achieve this. The number of students per class is expected to increase in schools and colleges, except where an educational priority regulated ceiling sets a maximum of 25 students.

Innovative devices

The deletions will focus on language teaching assistants, teaching assistants, and teachers redundant. Institutions will be grouped, pooled options. "Today, 300 public colleges and 500 private colleges with fewer than 200 students," do we observe. The Department intends to continue reducing the number of children in kindergarten for two years payday loan companies.He also mentioned the possibility of job cuts in classes préparatoires (CPGE) and the BTS (brevet de technicien supérieur). "3000 places are now vacant in the BTS, since, in particular, graduates who preferred to go to university," says one. The Ministry also points CPGE classes consisting of four to five students, only one "indecent situation." Local elected officials "are fighting to keep mostly kindergartens and preparatory classes, this explains so this …».

Consistent with commitments made, the savings "benefit to employees first," says Bercy.Teachers early in their careers benefit from an increase in their treatment since the 2010 school year: 180 million euro will continue to improve their financial situation.

The document Bercy also indicates that "the development of innovative devices can provide an appropriate response to each student" as "strengthening the reception of students with disabilities" with "progressive recruitment of thousands of enrollment qualified assistants (2000 recruitment in September 2011 and 2300 in September 2012). "

Boarding schools of excellence that the capacity is "10,300 places in September 2011 should be increased to 16,200 places in September 2012 and approximately 20,000 seats in time, mostly financed by appropriations from the investment program for the future ".

After Societe Generale and BNP Paribas, is the turn of Credit Agricole announced asset sales. As announced by the Financial Times on Wednesday, the bank's objective of a structural reduction of 50 billion euros of its debt between June 2011 and December 2012.

Without going into details, the statement, issued while the CEO of Credit Agricole, Jean-Paul Chifflet, speaking to investors in a Paris hotel, said that three branches are involved. The first, the investment banking and investment will suffer a reduction in its funding requirements from 15 to 18 billion euros, which will involve the phasing out of "certain activities after a portfolio review "and" the closure of non-strategic locations abroad. "

For specialized financial services, reducing financing needs will be 9-11000000000 including "the sale of the loan portfolio." Finally, to retail banking in France and abroad, the effort reduction is most important, between 21 and 23 billion euros.

Target capital confirmed

Tuesday, the head of Crédit Agricole in the UAE had told Reuters that the bank had closed its merger and acquisition in North Africa and the Middle East.

With these assignments, Crédit Agricole plans to reduce its refinancing program medium to long term from 2012 to 12,000,000,000 euros markets in 2012 against 22 billion in 2011 poor credit personal loans.The institution also confirmed a target of 9% equity in 2013.

Limited exposure to the peripheral countries

Crédit Agricole profits from these ads to minimize its exposure to euro-zone countries in trouble, she calls "limited and manageable." This is 0.7% of total assets in Greece, Ireland, Portugal, Spain and Italy. The countries receiving international aid (Greece, Ireland, Portugal) weigh only 0.07% of the balance sheet, according to the bank. Regarding Emporiki, its Greek subsidiary, Credit Agricole said conducting "enhanced measures" on the diversification of the refinancing and the cost of risk.

This exposure to the debt crisis in the eurozone has earned the bank a deterioration in his note by Moody's ten days ago, as its rival Societe Generale. At the Paris Bourse, to 15 hours, the Crédit Agricole sells 1% to 5.13 euros in a market down by 0.47%.

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"Week crucial for Greece

Asian stock markets will end the week on a positive note. In the wake of Wall Street closed higher on Thursday, the markets have also welcomed the decision by central bankers from the richer countries to mobilize to prevent the drying up of banks' liquidity in dollars. Thus, the European Central Bank (ECB), with the U.S. Federal Reserve, the Bank of England, Swiss National Bank and the Bank of Japan has reopened its facilities dollar loans to European institutions in three months, at their request. The Nikkei gained 1.93% to 8836.10 as well.

The IMF, like the ECB through its president Jean-Claude Trichet welcomed the unity of central bankers to the crisis: he stressed that it was more necessary than ever for world leaders to unite to prevent a recession that should spare "person."This will reassure investors, who until now did not cease to spread their fears about a bankruptcy in Greece, coupled with sluggish growth prospects on both sides of the Atlantic.

However, brokers in Asia fear that this improvement is short-lived. "The coordinated central bank takes the market today," noted Toshiyuki Kanayama, broker at Monex, Japan, quoted by Dow Jones Newswires. But this does not solve the problem of the euro area should have a temporary effect. "

Bank stocks and exporters in progress

At the Tokyo Stock Exchange, banking stocks and exporters popped up then. Toyota wins and 1.75% to 2737 yen, Honda 2.27% to 2447 yen.The same goes for banks, Sumitomo rising by 3.39% to 2166 yen, as Mitsubishi UFJ Financial Group (4.24% to 244 yen).

Other places are also Asian financirèes in the green. The Hang Seng Index in Hong Kong gained 2.14% to 19,591.93 points, the Kospi Index in Seoul was up 3.56% to 1837.22 points, the S & P / ASX 200 index in Sydney rose by 1.81% to 4145.20 points, the BSE Sensex index in Mumbai was up 0.96% to 17,039.30 points and the FTSE Singapore Straits Times Index rose 1.35% to 2803.25 points.

On the foreign exchange market, the euro kept most of the gains made the previous day. The European currency was worth 1.3848 dollars and 106.31 yen Friday morning in Tokyo, down slightly compared to 1.3882 dollar and 106.40 yen the night before in New York.Similarly, the oil price displayed in a small increase in morning trading in Asia, a barrel of "light sweet crude" earned 5 cents to 89.45 dollars per barrel of Brent North Sea 14 cents to 112 , $ 44. "This liquidity will likely prevent the recession to hit the euro area, supporting crude oil prices," said Victoire Shum, an analyst at Purvin and Gertz in Singapore.

European solidarity is crumbling a little more each passing day, while Greece and by extension the whole euro area plunged into crisis. The new wake-up call came Thursday from the Netherlands, already among the most reluctant to accept the end of July a second bailout of Greece. Exclusion from the euro area is no longer taboo.

The Dutch Minister of Finance Jan Kees de Jager, called Thursday for sanctions on countries in the euro area that do not fit European requirements for fiscal discipline. "If a country does not wish to meet the requirements, then there is no other option but to leave," said the minister. He added: "If we can not keep to the rules of the game, then you must leave the game" but added that it was only "a last resort."The day before, the Liberal Prime Minister Mark Rutte had already called for the creation of a post of European Commissioner responsible for enforcing the stability pact, demanding the implementation of sanctions as a limitation of funds or a loss of the right vote.

These misgivings, if they meet the concerns of domestic politics, can not find at least resonate with its neighbors. Finland still requires, in exchange for his participation in the aid plan, strict guarantees, while Slovakia has postponed the approval of the December European Financial Stability Fund (EFSF).

Tutelage

The Dutch minister said that the remaining German and Finnish counterparts, met Tuesday in Berlin, welcomed the proposals.The chairman of the Financial Markets Authority (AMF) has poured oil on the fire, speaking in a setting under supervision of Greece, on failure of the bailout and failure of economic commitments. "Yes, if there is no other measure, it must be done," said Jean-Pierre Jouyet, former Secretary of State for European Affairs. At the same time, Athens warned Thursday by the voice of the Minister of Economy, the deficit will be higher than expected because of the recession. The European Commission has tried to defuse the pressure: "No release or removal of the euro area is possible after the Treaty of Lisbon. Participation in the euro area is irrevocable. "

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The acquisition of Direct 8 Direct and Star channels by Vincent Bolloré Groupe Canal + causes a shock wave with unprecedented media players. All appeal to the Higher Audiovisual Council (CSA) and criticize the slowness of the regulator to take a position on the future of digital terrestrial television.

Financial markets have been quicker to react. Indeed, TF1, which has focused its entire strategy on the fierce opposition to a free channel developed by Canal + – Canal 20 – lost 7.2% Friday on the Stock Exchange. Similarly, the title M6 tumbled 6.51%. Conversely Bolloré won 3.37%, analysts hailing the financial bargain. Finally, the titles NRJ (+0.7%) and NextRadioTV (-0.39%) were well maintained, the market focusing on the sale of their television assets.

Next operator, TF1 was walled in silence.M6, however did not fail to remember that in 2005 had played the Cassandra of PAF: "From the launch of DTT," said Nicolas de Tavernost, CEO of M6, "we warned that new entrants to the television would be the first out. And it did not fail to be realized: The group Pathé came out quickly, followed by groups AB and Lagardère, and Bolloré today that even before it has completed the acquisition of Virgin 17 has already sold! ".And the boss of M6 denounces "the enrichment of certain due to bad political decisions."

Let the TNT in the sole hands of incumbents

For Nicolas de Tavernost, it would have been wiser to let the TNT in the sole hands of the historical actors committed to long-term rather than opening the landscape to new players: "This only impoverish the sector" , he notes "The new entrants have pocketed more than € 1 billion – out of Pathé, that of AB for 525 million, 70 million of Lagardère and now to 465 million Bolloré Ed -. Much money is wrong sector and creation! This represents almost a year cost grid of TF1, and a year and a half program M6.I hope in the future, the CSA will take its responsibility and shall cease to grant frequencies to new entrants, "he says.

A challenging position that Alain Weill, CEO of NextRadioTV BFMTV and claiming to be "a long-term player like NRJ. Neither one nor the other have sold one of our assets. Today the market is recomposed out of all control and outside of government. Because we do not see how the CSA will be able to oppose the acquisition of Direct 8 Direct and Star by Canal +, "Storm Alain Weill," Today I ask the government: I hope that they let me develop my group, or do I accept offers that can not stop me to sell my assets? ". Alain Weill claims to have been in contact during the summer with a potential buyer, a large German operator.For his part Jean-Paul Baudecroux, the president of the NRJ Group regrets "the immobility of the CSA, a year ago, advocated a call for applications for new frequencies. All the evidence that we were right to claim the body and cry a second frequency. It is the mission of CSA to maintain pluralism. "

Presentation of the report of the TNT to the Prime Minister

Michel Boyon, president of CSA presented its report Friday afternoon knew the future of TNT to François Fillon. He will detail Monday as the sector has been waiting several months his positions on the future of TNT. Michel Boyon made recommendations that take into account several scenarios. In particular, the one where Brussels does not validate the legality of the famous lines that were to be granted compensatory … incumbents.He will have to consider a new scenario: one in which Canal + bought Direct 8 Direct and Star.

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