The issues are still there and no solution in sight, the Chancellor conceded. Britain still refuses the idea of ​​a tax on financial transactions, supported by Paris and Berlin, because it severely handicap the City of London. On the issue of greater involvement of the European Central Bank to resolve the crisis of the euro, which promotes London, the German chancellor has proved inflexible.

Asked Monday by Le Figaro, the former head of the said OM has naturally flattered by the result but did not seem surprised. "People have accepted my statements on TV that have contributed to enhancing the business entrepreneur, he says. For years it was believed that the corporate world was synonymous with sadness and we do it not amused. I helped to change that image. "

"Good players become ill on arrival at the OM"

Bernard Tapie has little original definition of a good manager, is "to want its employees to offer the best of themselves to excel payday advance. The priority is not to be loved but to lead them to discover their full potential. " The most original are the examples come to mind the old boss "My former assistant became assistant Pinault and not the assistant of a hardware dealer" and the players of the OM – Papin , Wadle, Pele – were good players when they were recruited and then become real stars.

"Being a great manager was to make them grow up, says that to date remains the only French boss to win the Champions League. Today, good players become ill on arrival at the OM. This is the stereotype of bad management or bad environment. "

The first official meets leaders of the twenty richest countries in the world. The second, far more dramatic, is between two doors off the record: it brings together the countries of the euro area G20, joined by the bosses of the EU executive, Jose Manuel Barroso and Herman Van Rompuy fast cash.

This crisis summit took place in two stages. A first in the morning, followed by a second, which began Thursday night in the presence of U.S. President Barack Obama.

"Reliving the day Thursday

This meeting was preceded yesterday morning by a preparatory meeting involving key ministers.A tax on wealth was also considered.

For its part, the Bank of Italy said yesterday, after completing a "stress-test" on the public debt (equal to 1.9 trillion euros, or 120% of GDP), it was "sustainable and expected to remain stable or decline slightly over the next two years, although rates on government securities amounted to 8% and that growth is zero. "

"Be responsible"

Silvio Berlusconi pledged Tuesday to Angela Merkel to present the stimulus at the G20. The stakes are high for Italy, when the borrowing rate to ten years the country approaching the "point of no return."

In September, it is the purchase of textile-leather and energy costs which have lowered consumption. These expenditures have dropped respectively by 4.7% and 4% last month, a much greater decline than in previous months. For the textile sector, the wrong number "announcement of hard times," Judge Camille Williencourt, an economist at Natixis. It points out that consumption fell by 17% in this sector since the second quarter of 2007.The position of the energy suffers for his back spending for petroleum products. During the quarter, energy consumption is still rising sharply (+3.3%), after falling 2.1% in the second quarter.

Increase in car purchases

On a positive note, the consumption of durable goods, which partly reflects consumer confidence in the future, has rebounded. After falling 0.3% in August, it rose 1.9% last month. The quarter proved generally positive 0.4%, after falling 6.2% in the second quarter. A strong performance driven by car purchases (2.8% in September) and household equipment (1.3% in September from 2.7% in August). "During the quarter, automotive expenses are stable after a fall of 11% in the second quarter," notes INSEE.A sign that the industry "is recovering gradually, after a very poor second quarter impacted by the decision of the cash for clunkers," said Camille Williencourt.

INSEE had Tuesday reported an unexpected improvement of consumer confidence in October. Indeed, they are much less likely to anticipate a rise in unemployment – although the statistics published this week have reported a record high – and are optimistic that this summer on their future standard of living. Other anticipation apparently bodes well for the consumption of the end of the year, they were also more likely to feel the need to make major purchases. But despite these positive developments, "consumer sentiment remains generally depressed, said Helene Baudchon, economist at BNP Paribas, well below its long-term average of 100."

The purpose of the chain is to offer a model that does not really exist in the Arab world: a general close to French and Italian models, including M6, TF1 and Canale 5, that is to say, entirely financed by private funds. The channel aims to break the hegemony of the operators in the Gulf as al-Jazeera or Al Arabiya. Founded in 2008 by brothers Nabil Karoui and Ghazi, the Italian media group Mediaset and businessman Tarak Ben Ammar, she was baptized in a prescient Nessma (the breeze, in Arabic). She now wants to surf the huge popularity that she raised 30 December 2010.It was the first media to dare criticize the regime deben Ali, and to support the "revolution of Jasmin", before calling a return to calm the population payday loan lenders.

Dissemination of "Persepolis"

The elections are for Tunisian Nessma "the birth of a certain editorial line," young, free and modern. "Nessma belongs to everyone, says one of its shareholders, businessman Tarak Ben Ammar, to all those who look at those who make it, and finally to all the political forces that are TODAY 'Today, in the presence to elect the Constituent Assembly that will work with the Constitution of our country.As such, Nessma deal with all of the coalition, including Ennahba with the moderate Islamic party, if elected democratically and if, as he said, condemning the violence and fighting for the freedom of expression and the achievements of Tunisian women. "

But the chain Nessma is in the firing line of radical movements. Last week, the Salafists protested against the chain, burning cars of its leaders and the house of its chief executive, Nebil Karoui. At the root of this conflict is the dissemination of Persepolis, the film of Iranian director Marjane Satrapi. Although awarded at festivals in Cannes or Abu Dhabi as well that of Carthage, the film was exposed on all screens in the Arab world. But its distribution in the midst of Nessma election and Tunisian dialect, so accessible to as many people, set fire to the powder.

The price per square meter have ebbed in seven regions, only one out of three. The most dramatic decline (-9.7%) occurred in Burgundy. Overall, the square meter reached 2621 euros on average in the Hexagon. This downward trend for most homes (-4%) than apartments (-0.8%). "This illustrates a trend that is not new, said Laurent Vimont, CEO of Century 21.Not to be too far from their workplaces, are the buyers prefer to live in inner cities where there are more apartments in suburbs where the houses are built. "

Contrary to what one might imagine, the ups and downs of the stock market and the threat of recession do not even buyers of housing. The decline in prices has a much more immediate cause: rising interest rates on home loans now in the neighborhood of 3.9%. "In recent months, buyers have lost purchasing power of real estate, says Laurent Vimont. In the second half of 2010, paying 1,000 euros a month for twenty years, they could borrow 172,400 euros.Today, with the same reimbursement for the same period, they can not borrow 160,800 Euros. "This increase in interest rates has an impact because in France, on average, 77% of the purchase of a property is financed with a mortgage.

But everybody does not suffer the same way that rising interest rates. Most affected are first-time buyers under 40 years, the number has dropped by 18%. But also the CSP (occupational categories) the least favored: the employees and workers down 17% or middle managers decreased by 12% among the buyers.

In accordance with the expectations of investors, the central bank of the United States announced new measures to support the U.S. economy. It will sell by the end of June 2012 for $ 400 billion of treasury bills and short-term buy for the same amount with a longer maturity in an attempt to lower interest rates in the long term ( it "Operation Twist"). To support the mortgage market, it will also buy real estate securities without increasing the size of its portfolio, according to the Committee.

But markets that find especially its verdict on the economy is not good.The recovery is considered "slow", hence maintaining the rate to almost zero "until mid 2013."

These remarks are similar to those Dufond International Monetary Fund (IMF), which raised the specter of a global recession and launched at policy makers in the world "a fervent call to action". At the same time the institution has significantly downgraded its growth forecasts for the global economy. This is expected to grow 4% in 2011 as in 2012, 0.5 points below its previous forecast of 4.5% last April.

Markets always attentive to the crisis in the eurozone

Investors also remain attentive to developments in the crisis of public finances in Europe.Greece announced on the evening of its intention to launch new austerity measures to convince the Troika of its creditors and obtain payment of a new tranche of aid in October that will allow it to avoid bankruptcy.

Wednesday Rousseff, the president of Brazil, Barack Obama has assured his support for the euro area, together with other emerging countries, as it had already mentioned a week ago.

On the foreign exchange market, the euro lost some ground against the dollar after the Fed. The euro bought 1.3616 dollars late in the session on Wall Street against 1.3702 dollars late Tuesday. The price of a barrel of oil closed lower. A barrel of "light sweet crude" for November delivery ended down a dollar to 85.92 dollars on the New York Mercantile Exchange (Nymex).He had opened down 14 cents, and had rebounded upward after stock figures showing a sharp decline in U.S. reserves.

On the macroeconomic front, sales of existing homes in the U.S. rose 7.7% from July, seasonally adjusted data, the NAR said that sales figures are higher than the median estimate of analysts payday loans.

Microsoft treats its shareholders

The side of values, Moody's said Wednesday it lowered the credit ratings of Bank of America, Wells Fargo and Citigroup on the ground that the Federal government may be reluctant to rush to the aid of large banking institutions in difficulty.

The oil company ExxonMobil (+0.11% A74, 09 dollars) will sell of deposits in the North Sea to fellow Apache through $ 1.75 billion in cash, announced Wednesday it.

Microsoft (-0.85% to 26.75 dollars) announced Tuesday evening after the close of Wall Street that it would increase the quarterly dividend 25% used to its shareholders. The dividend paid on December 8 will be increased to $ 0.20 per share, or $ 0.04 higher than the previous one. Also in order to treat his shareholders Microsoft also recalled that he had launched in September 2008 a program to repurchase its own shares for 40 billion dollars. Of this amount, the group can still make $ 12.2 billion of purchases before the scheduled end of the program in September 2013.

Also after the close, Adobe Systems (3.25% to 25.44 dollars) announced better than expected forecasts for the fourth quarter. The group expects adjusted earnings between 57 and 64 cents per share in the fourth quarter, against 58 cents expected by the consensus of analysts.The leading design software issued a profit of $ 195.1 million, or 39 cents Park share in the third quarter against 230.1 million dollars, or 44 cents a share, a year earlier. Turnover increased by 2% to $ 1.01 billion.

Still in the world of technology stocks, Oracle (6.88% to 30.30 dollars) has issued a net profit up 36% to $ 1.84 billion, just above expectations.The turnover to 8.37 billion, also slightly above what had been expected analysts (8360000000).

American Electric Power (-0.30% to 38.20 dollars) and its joint venture with MidAmerican Energy has been approved by the Texas authorities for electrical infrastructure projects for a total estimated at more than $ 520 million.

Bristol-Myers Squibb (0.35% to 1.60 dollars) and Japan's Ono Pharmaceutical has signed a development and commercialization of Orencia, a biological treatment against rheumatoid arthritis.

FMC Technologies (0.56% to 43.37 dollars) has won a contract worth $ 135 million from BG Norge in the manufacture of subsea equipment.

Medtronic (0.37% to 34.95 dollars) will receive 101 million in damages after the trial against the company by NuVasive.

The delivery of copies by EDF and other operators of nuclear facilities is only the first step in the process of "revaluation additional security" required by François Fillon after the accident at the plant in Fukushima, and conducted in parallel with the European approach called "stress tests". Experts from the ASN and IRSN (Institute of Nuclear Safety and Radiation Protection) now have three months to publish their report.Extra work for which the ASN has even mobilized to reinforce the "three or four young retirees". Even before the peer review of these reports by experts from other nuclear countries in Europe, between January and April 2012, some foreign experts will participate in the analysis of the copy of EDF.

Alongside the work on paper, the ASN program completed in October of 38 inspections in power, focused on protection against earthquakes, floods, power loss, loss of cooling and crisis management.

During December, the ASN requested EDF as it deems necessary measures – as it has already been done to strengthen the concrete slab of the Central Fessenheim. From January to April, reports of national safety authorities will be considered by their European peers.In the nuclear environment and the hexagonal Quai d'Orsay, is expected to undergo strong pressure from Germany to close the central border Fessenheim, Cattenom and Chooz.