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The family group is very discreet about its level of profitability, but ensures that the results are sufficient to guarantee its independence and its development without the need for external partner and relatively little use of banks.

Part of the offshore production

"In 2012, the economic environment would be bad in Europe and the United States, recognizes Jean Cassegrain, but we feel no impact in our stores." As a result, the company, which opened 20 stores this year in the world, plans to continue its expansion, even in mature markets. Longchamp is well to open a shop in Nantes. "Our priority is to open boutiques in major European cities in China," says the CEO. Longchamp will open a store in Milan in March.

The success of Uniqlo store in Paris, opened in 2009 near the Opera, gave wings to the patrons of the Japanese brand. "We want to open 10 to 20 stores in Paris as soon as possible," Le Figaro reveals Nobuo Doma, chief Europe and the United States of Fast Retailing, the Japanese group owner of Uniqlo, but also Comptoir des Cotonniers and Princesse Tam Tam . Uniqlo opened yesterday XXL version of his store of Defense, opened in 2007, whose size has increased from 200 to 2,000 square meters payday loans for self employed.

Among the addresses targeted next by the brand, working with the developer Unibail to deploy in France, are "the Champs-Elysées, the Rue de Rivoli, the Rue de Rennes and the Forum des Halles," said Nobuo Doma. Once these projects, Uniqlo will other cities "like Lyon."

All will be played Wednesday. "No decision will be announced following the summit of the euro area, which takes place this Sunday late afternoon in Brussels, although work is progressing well," said Nicolas Sarkozy and Angela Merkel in a joint press conference after a meeting of leaders of 27 countries of the European Union. French President and German Chancellor said that the work "techniques" were still to be completed by the new top of the euro area on Wednesday. The summit will be preceded by another meeting of twenty-seven, they said. "Work is progressing well on the banks of the support fund and the potential use of this fund. The assumptions are tightening and a broad agreement is taking shape. "

On the issue of Greece, progress, assured the leaders without giving details.The stabilization of the indebted country will pass through international loans and additional losses of creditor banks in the country. Europe the figure to at least 50%. According to the report of the troika (representatives of the EU, the ECB and the IMF), the discount should be 60% to maintain unchanged the envelope of € 109 billion promised to Greece, as part a second rescue plan officially recorded on July 21.

Main stumbling block between Paris and Berlin, the transformation of the European Financial Stability Fund (EFSF) in the bank, which insisted on France, finally does more of the options considered by the finance ministers of the single currency. The idea was that the Paris Fund bank can borrow from the European Central Bank. "The two options still on the table to strengthen the EFSF do not involve the ECB," confirmed the German Chancellor.This leaves two options: either the mechanism acts as a partial insurance of the public debt of troubled countries or the IMF is expected to increase its participation in the scheme.

In another area, "the work is progressing well on the recapitalization of banks," said Nicolas Sarkozy, again without providing details on the proposed solutions. Countries of the European Union discussed a budget from 107 to 108 billion euros at the meeting of finance ministers on Saturday night. "Banks must find the money markets," stressed Angela Merkel.

Finally, the pressure on Italy is maximum. The two leaders urged the Italian Prime Minister Silvio Berlusconi, with whom they met ahead of the summit, for it to decisively implement a program of growth and debt reduction Alps online payday advance."I hope that decisions will be taken (…) Italy is a major economic force but it has a very high public debt should be reduced in a credible manner in the years to come," says Angela Merkel . Nicolas Sarkozy has outbid by saying that Paris and Berlin were "confident sense of responsibility of all the Italian authorities' political, financial and economic."

"Do not repeat the mistakes of the past"

"We must work differently in the future," said Angela Merkel. German Chancellor said that we should not "repeat the mistakes of the past." The problem of the euro area far exceeds that of Greece, she hammered, emphasizing the need for each country to conduct "a tighter fiscal policy."The President of the European Union, Herman Van Rompuy, confirmed on Sunday that the EU treaty could be modified to improve the functioning of the euro area. "The aim is to deepen our economic union and strengthen our fiscal discipline," he said.

Europe is facing economically to "serious challenges", said Herman Van Rompuy, at the opening of the EU summit this morning. He felt that the decisions to be taken by EU leaders to deal with were "perhaps the most important" they've ever had to face the financial crisis. Greek Prime Minister George Papandreou, had also felt it was "time" to take "decisive and effective." "It is clear that the crisis (debt) is not Greek. This is a European crisis, "he judged.

For its part, the Belgian Prime Minister Yves Leterme had tried hard not announce anything at all on Sunday, in light of market pressure. "It is essential for tomorrow morning at the opening of markets, we have made sufficient progress so as not to jeopardize the credibility of the euro area," he said. Same story for the European partners have not adopted the single currency, which are concerned about the fallout from the debt crisis. "The crisis in the euro area is being extended to all our economies, including that of Great Britain ', launched the British Prime Minister David Cameron.

(With agencies)

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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.

"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 ".

The U.S. stock markets have opened sharply lower on Monday. In early trade the Dow Jones loose 1.23% and the Nasdaq -1.54%. European divisions over the records of the debt crisis and the rescue of Greece, and political tensions in the United States expected to weigh on investor sentiment. Friday, after a feverish new session, Wall Street had ended in the green on the wire.

Investors will be particularly attentive to the speech of President of the United States, Barack Obama. The U.S. president should propose a new tax plan today to 1.5 trillion dollars over the next decade. The plan also intends to cut the deficit in Washington from 3000 billion over the next ten years, said Sunday night a senior administration official.Worried that his program pushed by Congress, Bush called this weekend to support the Republicans, to avoid "dead end". President Barack Obama presented a plan Thursday night use of 447 billion dollars intended to provide a "shock" to the U.S. economy. He warned the Americans Saturday that they would provide "pull their weight" to reduce the country's budget deficit. The United States must indeed make 1.2 trillion dollars in savings by the end of the year. Barack Obama wants to target primarily the rich and businesses. In this sense, it must provide to Congress today a tax on incomes above taxpayers, those earning over a million dollars a year.

Summit meeting in Greece

Concerns about the situation in Greece should also still produce adverse effects on Wall Street.Following a two-day meeting, Friday and Saturday in Wroclaw, Poland, EU finance ministers decided to postpone their decision until October on a loan of 8 billion euros in Athens. The European finance ministers have also made little progress on the implementation of the second aid package to Greece about 160 billion euros, of which the principle was arrested on July 21. The presence of U.S. Secretary of the Treasury Timothy Geithner will not change. Accused of delay in implementing measures to reduce the deficit, Greece must show its good will.

To try to convince the Greek Finance Minister Evangelos Venizelos has to go today as the yoke of the major creditors of the country, calling for new savings measures.According to his ministry, Evangelos Venizelos will submit to the verdict of the "troika" representing euro area and the International Monetary Fund on a conference call scheduled just after the close of European stock. An interministerial meeting is then scheduled to "specify concrete decisions" to be taken, said on Sunday the Greek Minister.

On Monday, the only indicator of expected importance in the U.S. NAHB housing index is to be released in 16 hours. The main highlight of the week in the U.S. is expected Tuesday and Wednesday with the Fed meeting. Investors expect the institution to take steps to maintain the downward pressure on interest rates and long-term and in turn gives a boost to growth.

The euro against the dollar worth

On the foreign exchange market, the euro accentuated his decline against the dollar on Monday.The euro bought 1.3653 dollars against 1.3797 dollars on Friday night. He fell last week below the threshold of $ 1.36 for the first time since February. Oil prices are also in the red. Around 12:30 in Paris, a barrel of Brent North Sea crude for November delivery traded at 111.75 dollars in London, giving 47 cents from Friday's close. In electronic trading on the New York Mercantile Exchange, a barrel of "light sweet crude" (WTI) for October delivery gave up $ 1.19 to 86.77 dollars.

Also note, share repurchases by companies have reached record levels over the quarter.They are for non-financial businesses of $ 475.2 billion in the quarter (annual rate) against 277.9 billion dollars for the full year 2010 specialists note Aurel BGC.

Values ​​to follow

The side of values, the general manager of movie rental service Netflix announced on the blog of the company splitting its activities on the internet streaming movies and delivery of DVDs by mail.

Boeing expects to receive "hundreds" of new orders and commitments for the 737 version of its remotorisée in the coming months, told Reuters Randy Tinseth, vice president of Boeing Commercial.

according to reports from CNBC, United Technologies is in talks with Goodrich Corp. to buy the company at a price of 125 dollars per share.

Moreover, according to the Sunday Express, Best Buy would have discussed the prospects of its business in the UK with its shareholders.

GE Transportation, a subsidiary of the giant General Electric announced it would invest $ 200 million to develop manufacturing of locomotives in Texas and Pennsylvania.

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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Policyholders are not those who dig the more the deficit of Social Security. The latest report of the national delegation to the fight against fraud, health professionals appear to be the biggest fraud, Les Echos said in its Tuesday edition. Of the 156.3 million euros of fraud detected in 2010, over two thirds of them were made, resulting fictitious billing services to health insurance, or forgery of prescriptions.

According to the report of the delegation, hospitals and clinics generate the bulk of fraud, with 70 million overpaid last year. In most cases, the illegality is the billing Medicare for an act more expensive than actually performed. This may be an intentional desire to bail out an institution like a simple mistake.In other cases, Medicare deems a wrongful act (eg hospitalization) and demand reimbursement. These overcharges "are often mistakes rather than actual fraud," says the business daily Pierre Fender, director of the repression of fraud in Medicare.

Unjustified sick unrecognized

Hospitals and clinics also rebelled against the sanctions imposed as such by Medicare. They feel arbitrary and exorbitant fines that are imposed No teletrak payday loan. The government, which seems willing to reconsider its position, has begun negotiations with hospital associations to reduce the legal uncertainty that they face because of these sanctions.

Behind the hospitals and clinics, nurses Liberals also put in a good position in the ranking of fraud, with 13 million in damage in 2010, followed by health carriers to 7 million euros. In most cases, they falsify or create false orders to charge transport that have not been made. As pharmacists, they claimed last year the payment to the Medicare drug not issued for the $ 3.5 million.

In addition to the fraud due to health professionals, those insured under the cheaters are pale. False sick leave, which allow an employee to pursue an activity while being paid by Medicare, are the first post of fraud of the insured to the tune of 5 million euros. The sick are unjustified, however, not recorded.For their part, fraud in the universal health coverage (CMU) or medical help of the state, intended for foreigners, which in 2010 accounted for 2.5 million euros.

RATP flourishes in the UK. Having got hold of the famous red double-decker bus in London United, RATP Dev, a subsidiary dedicated to the public transport out of Ile-de-France, announced Tuesday the acquisition of Metrolink, the tram network Manchester. The tram network is one of the largest in the country with 40 km of lines and 21 million passengers each year. The transaction, whose amount was not disclosed, was completed yesterday.

In the UK, the French public transportation is gaining weight. Now it has RATP 3000 people and generates revenues of 220 million euros. As part of the merger between Transdev RATP, which held 25.6% – and Veolia, the RATP has sold its stake and recovered assets housed in its international subsidiary RATP Dev payday loans for bad credit. These represented an overall turnover of 337 million euros in 2010.Worldwide, Dev RATP operates in twelve countries including South Africa, where the French group, and, since the beginning of August, the operation of the railway line between Pretoria and Johannesburg.

Pierre Mongin, the CEO of the RATP, decided to work extra hard on the international with the next three years the turnover of RATP Dev 587 million to one billion euros.

The company, as the Parisians do not imagine as this abroad, also relies on its expertise in operating the automated metro (line 14 in Paris), to score points outside France.

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It's time for Spain to be in the sights of Moody's. The agency placed the credit rating of the country under surveillance for any reduction, said a statement issued Friday, indicating a downward revision of the country's Aa2 rating one notch lower. The agency believes that the difficulties of Madrid to borrow at an acceptable rate will escalate following the second plan the rescue of Greece, who "made history" involving the private sector and a marked increased risk for investors bondholders fragile in the euro area.

The rating agency also advanced a weak growth of Spain and fiscal slippages in some areas of the country, adding that it would present risks, burdens on efforts to reduce deficits, which have recently been undertaken by Madrid guaranteed cash advance.

Highlighting the challenges that the Spanish government will face for fiscal consolidation and improving the fiscal situation of the Spanish provinces, Moody's has given the banking regulator Spanish Fondo de Reestructuración Ordenada Bancaria (FROB) a rating Aa2, providing a possible degradation of the latter in the future.

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