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Eric Besson this Wednesday morning at the University Paris-Dauphine, his new plan, Digital France 2020 laying down broad objectives for the digital sector, which now accounts for 3.7% of employment in France and 5 2% of GDP.

Some fifty measures, the minister will announce that the government wants to free up additional spectrum for the development of mobile broadband. Good news for mobile operators, which, given the exponential growth of traffic, would need additional 450 megahertz. Good news in perspective as to the state, who can expect royalties.

There are several benefits to no teletrack payday loans, which typically have an easy web based application resulting in quick approval times.

MEPs adopted Wednesday night special tax on high incomes, who must participate in the return to equilibrium of public finances. As announced, following a compromise between the Assembly and Matignon, mandated after the changeover to the left of the Senate, it will be 3% on income from 250,000 to 500,000 euros, and 4% in excess of 500,000. It will apply until the public finances are in balance. If it retains its provisional nature, it should last beyond 2013 in order not to die better than 2016-2017.

The fee will cover the 26,000 to 27,000 homes, as determined by the general rapporteur of the Budget, Gilles Carrez (UMP).It should bring 410 million euros, according to latest figures, nearly twice that in the version announced by the Prime Minister on August 24.

Rejection of the marginal portion

At seven months of the elections, the vote of the tax as part of the 2012 budget was at high risk. Prime Minister Francois Fillon had in fact called to order the deputies, some of which expressed inclinations tax too pronounced. In Focus, an "amendment Piron," which proposed to introduce an additional tax bracket of 46% for incomes over € 150,000 per unit. UMP deputy from Maine-et-Loire, Michel Piron, was shown last fall by attacking the tax shield. With the help of the president of the deputies of the majority, Christian Jacob, the Prime Minister has finally managed to convince the group which instituted this new band would be a bad idea.The amendment was eventually withdrawn. Taken on the fly by the opposition, it was nevertheless presented to the vote and rejected.

The new center, which has long championed a range of income tax to 45% from 150,000 euros per unit, he has also left his amendment to the closet. The option of withholding tax "is a much harder edge to 45% on income", defended on Wednesday night Charles de Courson (NC).

Charge against ISF

The budget minister, Valérie Pécresse, has in turn highlighted the "justice" of the tax as "a targeted very high incomes in all their components," as calculated "income tax reference." An argument which has not really convinced that the opposition believes that the tax is "cosmetic"."I want you to do a good number throughout the evening by saying" we tax the rich "while in June you have left half of the taxpayers (ISF) for 1.8 billion euros. The movie tonight is to say they are going to take 400 million! "Launched Henri Emmanuelli (PS). François de Rugy (EELV) was also delivered to a small calculation: "A single person earning just under 500,000 euros or 40,000 euros per month, you ask 625 euros a month!", He denounced . Senators will have their turn to vote.The total budget for 2012 must be voted by AUI December 15.

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Mutual did not took off. And three-quarters of the French objected to the new tax increase on complementary health from 3.5% to 7% since October 1, according to a Harris Interactive survey for the French Mutuality published last Thursday. Over 85% believe that this will result in lower purchasing power. Mutual claim because they are forced to pass on the increase to their policyholders. "In recent years, the taxation of complementary health" officials "went from 0% to 13.27% since in the new 7% tax added to the CMU of 6.27%, that mutual insurers and health are the only ones to fund.We can not support such increases without raising rates, when, in addition, new regulations require us to strengthen our reserves and our solvency, "said Philippe Mixe, the president of the FNIM, the National Federation of Independent Mutual .

Only the GMF took the opportunity of talking to her, announcing that it would not apply to customers the increase decided by the government. A promise that did not cost too much: it has launched its health contract for just over a year, and still only 30,000 policyholders. "We want to develop healthy techniques and results are good. It is normal that we do enjoy our policyholders, "said Patrice Forget, Chief Operating Officer of the GMF. But the GMF stands alone.Even other newcomers in this market – as Amaguiz, the Internet subsidiary of Groupama, which has just launched its contract health – have incorporated the tax rates.

According to Mercer, the French who have subscribed to one of these individual contracts can expect an average increase of 8% of their bonus next year. An increase that reflects not only the tax but also the increase in health spending at the expense of additional no faxing pay day loans.

Contracts "storey"

Insured employees as part of their business are not better off. "The increase will be at least 7% on average," said Philippe Mixe. An invoice less and less accepted by employers. "From 2007 to 2011, contributions of corporate contracts have increased by 6.80% per year, including taxes," says Eric Demolli at Mercer.Today, faced with employees very attached to these contracts, companies, always keen to control costs, tack. "They seek to spread the increase over time in negotiating with insurers, mutual and pension funds. They play better competition. And they refine the guarantees, for example by eliminating reimbursements to "actual costs" too expensive, "says Eric Demolli.

More and more companies are opting for contracts as "storey" in excess of a basic "minimum" common to all employees, the company funded in whole or in part, employees who wish to be better protected may subscribe for options, they bear the cost alone.In their individual contracts, insurers also offer more health insurance "a la carte", where everyone can dose coverage of individual items (ambulatory care, hospitalization, dental, optical) depending on its needs and its budget. They also imagined, as in the last contract Amaguiz of low-cost, to benefit the insured packages for reimbursement when they increased from the previous year have not been exhausted, optics, for example.

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In Rome

The volatility of prices of basic foodstuffs is likely to persist and even worsen for ten years, increasing the vulnerability of the poorest farmers in the world. It is the fear of the three UN agencies responsible for combating world hunger: FAO (Food and Agriculture), WFP (World Food Programme) and IFAD (International Fund for Agricultural Development).

In their annual report on "Food Insecurity in the World", the three Rome-based agencies denounce the vagaries of international market prices. "The small countries dependent on imports, particularly in Africa, are particularly affected," they note. Thirty-two countries now need to receive external assistance due to crop failures, conflict or natural disasters.

Investors play the card of caution in Europe before the announcement always expected employment figures for the month of September in the United States. Halfway through, the Paris index symbolically gives 0.42% to 3 062.55 points. Elsewhere in Europe, London slipped 0.30% to 0.27% and Frankfurt.

Thursday, the European Central Bank (ECB) announced a series of measures to help European banks to refinance. Global stock markets have accelerated their gains, the CAC 40 ended up sharply from 3.41% to 3075.37 points and the Wall Street lining up a third session in the green. This morning in Asia, the trend is bullish.

Nicolas Sarkozy, in addition, announced this morning that he will discuss the issue of a possible recapitalization of banks with German Chancellor Angela Merkel at their next meeting on Sunday in Berlin.A barrel of Brent North Sea crude for November delivery gave up 38 cents to 102.44 dollars.

Vallourec is lowering its forecast EBITDA

As for values, the banking sector remains very guarded. Dexia said in a statement Thursday that the Belgian regulator had requested suspension of trading of its title until Monday morning.

Credit Agricole (-2.81% to 5.30 euros) and Societe Generale (-1.93% to 20.28 euros) suffered some profit taking.

Vallourec (-3.92% to 42.25 euros) Friday revised down slightly its forecast for gross operating profit (EBITDA) for the second half because of the uncertainties surrounding the economy, but confirmed that an increase its production and its sales on the strength of the energy markets.

Gecina (-0.63% to 66.58 euros) is considering the sale of 500 million euros of additional residential assets to accelerate debt reduction.

EDF (0.77% to 22.22 euros) loses an ally in the U.S.: chief of the service responsible for issuing controversial loan guarantees from the U.S. government for the development of "clean energy", Jonathan Silver, resigned, according to the Washington Post.He was one of the main support for the proposed construction of a nuclear reactor at Calvert Cliffs, Maryland, supported by EDF and its U.S. partner Constellation.

Veolia Environnement (-2.71% to 10.61 euros): UBS lowered its recommendation on the value to "sell" against "neutral."

NYSE Euronext (0.31% to 17.77 euros) recorded in September increased volume of transactions on the cash market and derivatives over a year. Trading volumes of derivatives totaled 9.5 million contracts daily in September, an increase of 23.2% over the year but a decline of 8.4% from August. On the spot market, 1.9 million transactions were recorded in Europe, an increase of 34.6% over a year and a decline of 13.5% over the month. In the U.S., sales rose 12.3% to 2.6 billion shares daily volume. A month, 19.8% volume regresses.

"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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Commitments at risk of Kweku Adoboli have increased to 10 billion dollars (7.2 billion euros) according to the Sunday Times. Arrested on the night of Wednesday to Thursday, the trader in London the Swiss bank UBS has been detained by a judge Friday. May request bail at a subsequent hearing Thursday.

UBS said Thursday an estimated loss of 1.5 billion euros due to fraudulent transactions of its employees. Since then, the bank did not provide details on the mechanisms in question. The extent of fraud appears, however, reach gigantic proportions: it would be spread over three years since October 2008, without apparently the slightest alarm it caused internally. UBS warned regulators Swiss and British have launched a joint investigation.The bank has set up a parallel internal investigation unit called "Project Bronze" and instructed one of his best traders in derivatives, Jason Barron, to unwind positions Kweku Adoboli. While the fraud would have been discovered in the day Wednesday, all commitments have been liquidated Adoboli Friday.

Supposedly low-risk operations

The trader, who was promoted to his post in 2008 from the back office services, was a member of a small team of five people at Delta One desk. Their mission: to invest large sums to the equity of the bank's alleged market changes, via financial instruments called ETF (exchange traded funds). Generally, low profits emerged from these supposedly low-risk operations at very high volumes.Adoboli of the fault could have come from a lack of coverage of his Paris, which would have resulted in a spiral of losses since the collapse of financial markets this summer.

New to fear layoffs

The extent of the scandal poses serious threats to the future of UBS. While the bank has launched a 3500 plan job cuts, new job cuts are feared. The approximately 6000 employees of the investment bank in London feared an outright shutdown of their business, which should show a loss on the year while UBS as a whole should remain the beneficiary. Despite calls for resignations in Switzerland, head of UBS, Gruebele Oswald replied that he did not intend. "If you ask me whether I feel guilty, I say no," he told the newspaper Der Sonntag.

Concerned about its reputation with its clients it manages fortunes, UBS wrote them a letter Saturday to try to reassure them. "We fully understand that this incident may worry, says the bank. We are very disappointed and we also assure you that UBS is taking the matter very seriously and makes every effort to resolve it quickly. Your assets are safe with us. "

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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.

Create a "collective imagination". It is the mission of public broadcasting as Remy Pflimlin, CEO of France Televisions. If he wants to "broaden the public of France Televisions" is less to redress hearings, which have been somewhat volatile, that to build "a public service that addresses all the French," he said Yesterday at the conference back from France Televisions. We must "constantly innovate and ensure that France Television is a reflection of society," says Rémy Pflimlin.

The group announced 30 new leaders of its branches, "to go to an increasingly diverse France." Diversity will also be found in the contents with 100 new programs on the channels of the group. In this wave of new, Rémy Pflimlin is willing to assume some failures."It's the price we pay for innovation," says he.

Result: the cost of channel grid is up this year. It reached 810 million euros on France 2, 820 million euros for France 3 (half of which is now devoted to regional programs), 45 million to France 4, France 5 to 145 million, 28 million for France and 180 O million for the nine channels overseas first. And the contract of objectives and means signed this summer with the state provides for increases of 3% per year over five years cheap credit report. Remy Pflimlin has identified two strategic areas: information and creation.

Back to movie nights

For information, France Televisions has the largest supply of the European audiovisual with more than 50 hours a day. JT and the hearing on 20-h de France is close to that of TF1. The group discusses the election campaign including the program "Words and deeds."On the creation side, the group now spends 20% of its budget to financing of entertainment, or 420 million euros. A significant increase compared to 365 million spent by the team of Patrick de Carolis. The group has signed an agreement that should lead to the development of new French drama. But the results will be on air in a year or two. France 2 will broadcast "contemporary dramas and thrillers," and France 3, of historical fiction. The cinema is back with such a "great movie night" on France 3 on Thursday with Frederic Taddei.

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