Jean-Francois Cope. – It's the only possible attitude. The aim of this reform is the future of the entire pension system of our country. If we do nothing, the deficit will be 20 billion euros in 2010, 45 in 2020 and probably 70 in 2030. All reports conclude that the impasse, and all other European countries have faced this challenge by raising the legal age of retirement at 65 or 67 years, as in Germany, Scandinavia and Spain. I do not see any political leader worthy of the name could sidestep this reality.I understand that this may cause concern and annoyance, but there are facts that can not be ignored.

What will a government project can be improved?

The arduous, long careers and polypensionnés are three areas where progress is possible. We have highlighted the problem of hardship and that of older workers at a forum Generation France on the theme "Working more to earn more together". The hardship is not a question that deals with the day of retirement, but throughout life. If it pushes the age of retirement at age 62, is a new report by the French company to work he must create.Public and private employers will have to devise a new career stage, not early retirement.

The left and the unions say that Eric Woerth is not able to defend this reform. What do you say?

I am absolutely appalled by the attacks Eric Woerth victim. I never spared him my support. He is the man of the file. We need it. I deeply regret that the unions have felt that Eric Woerth was not available to conduct necessary reform. I do not understand this position is not consistent with the tradition in France Association. For our part, we are very mobilized. I gathered from that morning UMP to demonstrate our total determination.The central question I ask throughout the debates, is simple: assuming that the left would come to power in 2012, she would, as said Martine Aubry, the legal age to 60?

Jean-Marc Ayrault, head of the PS deputies, said he wants to discuss "proposed project cons …"

I do not believe. I heard only one proposal in the PS, one to increase taxes and taxes of 40 billion euros to finance pensions.

Claude Gueant sees an act of "allegiance" in the forum that you published Saturday in Le Figaro Baroin, Bruno Le Maire and Christian Jacob. Do you agree?

This is not the word I would choose. I prefer to talk about commitment.We want to make the maximum contribution to the re-election of Nicolas Sarkozy in 2012, working for and with him on policy messages that will have to send the French.

In this text, you still advocating a change in governance …

This is not a criticism No teletrak payday loan. It seems interesting to consider a method that would allow us to get out of this climate in which any change was experienced front, divisive and aggressive. We will also devote a forum Generation France in this topic in November. One track is to foster a participatory approach, using new communication tools like the Internet. We must also rethink the relays that are political parties. Currently, they are far too centralized.

You wished that the UMP was "revitalized".This is a nomination as Secretary General?

It offers a service that I have made Nicolas Sarkozy, pointing out that, whatever the functions that I exercise or I will, I commit myself totally to him for his reelection. With many of our friends members, we want to do more and better for him, especially within the party, which operates somewhat separate. But it only makes sense if the president wants.

You criticized the distance taken by François Fillon with new measures against crime. You said you're with him?

Do not overdo it.But this is not a trivial prime minister says he would not have chosen the same words, so that during the summer, what are the words that have polemical.

On security, others in the majority expressed reluctance …

I have no problem with those who express their differences. All 316 UMP deputies have their experience, their vision. I always made sure that everyone can express themselves within the group, but on one condition is that on the essentials, everyone is together. However, more surprisingly and increasingly complicated when the ministers express their differences.

And when it was Alain Juppe?

He said he could have signed our forum and I was extremely sensitive to its statement. We have many similarities, although the security we are not quite on the same line.Our law has long provided the possibility of falling from the French nationality who commit serious crimes. The left had limited this possibility to those acts of terrorism. I am not opposed to that measure to be extended to those who are seriously undermining the trustees of public authority that include the police and the police. As for the policy vis-à-vis the Roma, I recall that the exclusions are the result of court decisions aimed at people who illegally occupy land illegally. On behalf of what these individuals be treated differently from other illegal immigrants? It is time to end the hypocrisy festival this summer!

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With a shortage of organic wines, only a few snipers are emerging as Rebourcet Aude, engineer and winemaker agro Franprix: "It has been several years that I track and I put them in value, like young winemakers elsewhere.Results of this long-term, the company offers a beautiful range of organic designations in some run, so the wines at reasonable prices.

Prizes! That is the watchword of wine fairs, their only real competitive advantage, but a trump card that takes on even more importance in times of crisis. All the signs highlight: "Half of the wines at low prices and 200 good shots below 5 euros" for Carrefour, "70% of wines sold at less than 8 euros" for Géant Casino, which still leaves champagne, sparkling wines, natural sweet wines and great statistics to make the most beautiful bride.

As every year, wine fairs begin very early, in late August for more agile, on 7 or 8 September for the most part. Only Leclerc, who launched the concept of wine fairs in 1973, is a follower of late start, Sept. 22 to be exact.The brand leader in wine fair opportunity to test some innovations, such as screw caps on five wines, the BIB (Bag-in-box three liters), which is a first, and also five certified organic wines .

While diversification efforts are important, the great Bordeaux are the main attraction of wine fairs no fax payday loan. William Halley, both the owner of Chateau La Dauphine Fronsac and Carrefour Market Caudéran near Bordeaux, one of the finest wineries in France, says, "The Bordeaux 2008 offer one of the best value for money for a long time 2007 and many are sold at cost. "

Faced with the incredible rise of Bordeaux 2009, which are also far from being sold, prices are particularly attractive large 2008.Many signs, such as Auchan, offer superb raw classified thirty euros, it is important not to miss. It is even great Sauternes 2007, a vintage largely up to the 2009, which have often increased by over 50%. The wine fairs in 2010 are an opportunity, perhaps the ultimate, to populate their cellar with vintage Bordeaux, which will delight the table during the next twenty years.

Faced with the constraint "large quantities and good prices, which greatly limits the choice, supermarkets gradually loosened the shackles limiting the famous" national offers "implied wines available at all stores, in favor of a regional offer more and more complete. This strategy has a double advantage.It allows one hand to distribute wines available in smaller quantities, limiting them to certain areas, thereby loosening the constraints of volume.

The regional supply also has the effect of flattering the customer by offering a wider range of wines from his region. Admittedly, this offer violates the basic rule of retailing is to offer the same products in all stores. But given the relative lack of large units for sale at the periphery in favor of the stores downtown, wine fairs beyond any logic. Moreover, contrary to all predictions of doom, wine fairs are worn as a charm.

The euphoria that followed the release Friday of the revised figure for growth in the second quarter will not last. Caution has again made its appearance in spite of macroeconomic statistics as bad as expected. Consumption has picked up 0.4% yoy compared to June. It's better than the expected by analysts, who had estimated the consumption growth to 0.3%, according to their median forecast.Spending growth has outpaced that of household income since, according to the ministry, they are divided up by 0.2%, after virtually stagnating in June

The wait has dominated this session because of the flurry of statistics to be published this week. On Tuesday, it will house prices and economic activity in the Chicago area in August and, finally, the consumer confidence that will be published. Wednesday, Thursday and Friday will be dominated by such employment with, successively, the ADP employment figures, entries weekly, and finally figures of unemployment and employment in August.

Waltz of mergers and acquisitions

On the corporate side, the dance of mergers and acquisitions continues. 3by (-2.03% to 31.80 dollars) fall after surge 25% to 32.5 dollars on Friday night.As for his suitors, HP (1.47% to 38.56 U.S. dollars) has increased its prices by 3 27 to $ 30, Dell (1.12% to 12.02 U.S. dollars) has aligned its offer Friday morning about $ 27.

The German manufacturer Infineon Semiconductor announced Monday the sale of his division's wireless, which makes components for mobile phones, the U.S. Intel (-2.23% to 17.96 dollars) for 1.4 billion (nearly 1.1 billion euros).

The CEO of Sanofi-Aventis, which formalized Sunday his intention to acquire U.S. biotech Genzyme (3.39% to 69.91 U.S. dollars) to $ 18.5 billion, said that "a lot of time can still drain "by launching a bid, in an interview with Voices dated Monday. But the board rejected Genzyme Monday unanimously the proposed terms.

The Indian government was to meet Monday officials from the Canadian manufacturer of BlackBerry (RIM: -0.88% to 45.59 U.S. dollars) to try to break the deadlock over access to encrypted data from the phone, on the eve of the ultimatum on blocking two messaging services.

French insurer Axa has reduced by almost half its share in the prestigious investment bank Goldman Sachs (-1.97% to 136.66 U.S. dollars), the center of criticism for his role in the Greek crisis, according to documents the regulatory authority of the U.S. markets (SEC).

The U.S. industrial conglomerate 3M (-1.67% to79, $ 65) announced Monday the acquisition of Cogent group (24.40% to 11.09 dollars) to over 900 million dollars (708 million euros) This represents a premium of nearly 18%. 3M will pay $ 10.50 in effect by title Gogent, which posted a closing price of 8.915 dollars Friday.The transaction should be completed in the last quarter of 2010.

This does not prevent targeting a wide range of assets in the energy sector. In Poland in particular, where GDF SUEZ already developing the largest biomass plant in the world with a capacity of 200 megawatts. The group intends to seize tricolor maximum opportunities in this key country in Central Europe. This Friday, however, he was left out of the race for the privatization of the producer and distributor of electricity Polish Energa, estimated 8 billion zlotys (2 billion euros).The Polish Treasury, which has sold 83% of Energa, announced he had chosen for further negotiations between the Czech and Polish groups EMP has Energeticky Prumyslovy Holding.

However, GDF Suez is in the running for the redemption of the third group of the country's electricity, Enea. Currently owned 60% by the Polish Treasury and 19% by the Swedish Vattenfall, Enea is listed at 51% for a price that could reach around 1.2 billion euros, according to Polish daily Parkiet. It provides 20% of electricity in Poland and supplies 2.3 million homes.

Faced with financial

The Polish Treasury, which had suffered an initial setback in 2009 when the only bidder, German RWE, had withdrawn its proposal, would have received this time five bids.These persons, in addition to GDF Suez, would appear EDF, Iberdrola of Spain, Italian Enel and Polish Kulczyk.

In Germany, GDF Suez is very interested in gas storage sites, sold by ExxonMobil and Shell oil companies, reported Friday a close group. The energy giant would face in the battle for assets valued at one billion euros in financial sector competitors. The infrastructure management subsidiaries of Deutsche Bank, Axa and Prudential are also candidates. Germany, third largest market in terms of GDF Suez supplies gas, is the second largest source of storage for this resource. The energy company it already has 600 million cubic meters (m3) of storage, and it would, if he can buy the two sites Uelsen Harsefeld and northwest of the country, its total capacity to about 1.5 billion m3.But France, with 10 billion cubic meters, will remain by far, its first storage area for gas.

The proposed acquisitions are still the order of the day, recalled yesterday a spokesman for GDF Suez. The merger with International Power, mainly funded by transfer of assets, slightly affects the budget of 10 billion investment that the group has set for 2010. And in the first half, investments, acquisitions and development operations or industrial maintenance, were $ 5.5 billion.

Subtracting the transfers of assets in parallel, GDF Suez had yet to end June with a bonanza of 7 billion euros to invest.

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In this tandem plus the Strategic Investment Fund (ISF) has always said he would participate in this capital increase valued at approximately $ 750 million. Qatar Holdings, which in turn has made an offer earlier this month, would not be totally ruled out by Saade.

The staff of GDF Suez will thus receive 1.1% stake in Arcelor. Turnout was highest in France, Belgium, Italy and Germany.Outside Europe, Brazil, Chile, Argentina and the United States recorded the most sales Payday Loan for Bad Credit.

The employees of GDF Suez could buy shares at a discount of 20% over the past 20 trading days. Is 19.78 euros per share. The firm abounded these subscriptions, offering titles such as 10 to 10 purchased, subscribed for 50 or 20. Employees could also prefer to invest with no discount, but with a guarantee on invested capital (and insurance to recover at least their implementation) and performance-indexed monthly changes in stock price. Both formulas have been as successful as the other one.

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This information has been reported by the Japanese business daily Nikkei, citing the chairman of Avtovaz, Igor Komarov. The total investment on the site amount to 400 million euros, Renault and Nissan, taking on two of them three quarters.

The models will then be marketed by each group its name, from 2012 or 2013 will come out every year with assembly lines, 150,000 Renault, Nissan 75,000 and 75,000 vehicles Avtovaz Lada brand.One way for the firm of Togliatti (980 kilometers southeast of Moscow) to benefit from technologies developed by the Franco-Japanese. Last March, the three partners had already announced the creation of a new common structure to increase the use of parts produced in Russia and improve the quality of suppliers.

Restructured, Avtovaz returned to the green

This announcement follows the presentation on Thursday, the financial restructuring plan Avtovaz, which plans from Renault investment of 240 million euros in the enterprise technology and materials no fax cash advance. In return for this, and in accordance with his wishes, the French manufacturer keeps intact its stake in the Russian manufacturer, while the conglomerate state Rosstechnology increases his (29%).In contrast, the investment bank Troika Dialog sees its participation diluted. The cards will be reshuffled in 2012. Like all builders in the country, Avtovaz has benefited greatly from program scrapping set last March by the Russian government, which has also planned to extend it.

At the price of a heavy restructuring, the group that there is less than a year, was on the brink of the abyss, even recorded a profit of 1 billion rubles in the second quarter (25 million euros). Nevertheless, the models produced by Avtovaz, including the famous Lada, are far from holding the rope against the European competitors, even if the manufacturer holds 30% of Russian market. "He does not let the success of the plan of scrapping done overshadow our true goal: to modernize the company, recently recalled the Prime Minister, Vladimir Putin the President of Avtovaz, Igor Komarov.Under the watchful eye of the Kremlin, the objective of the three manufacturers, Renault, Nissan and Avtovaz, is taking 40% of Russian market in 2015.

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The turnover reached 5.187 billion dollars, well above the 5.02 billion forecast underlying the market.

Consumption of aluminum prospects up

"The growth of our revenues and our earnings due to higher volumes of end markets and gains from our productivity program," said CEO Klaus Kleinfeld said in a statement issued after-hours trade .He added: "The outlook for Alcoa and the aluminum are excellent.

The group also said it had received during the period April to June, in addition to higher volumes and productivity improvements, favorable currency effects and a reduction of energy costs, which more than offset a slight reduction in selling prices.

"Given this improvement in final demand, we are raising our projection of consumption of aluminum 10 to 12% this year" in the world, "he concluded.

At the New York Stock Exchange, Alcoa has lost the action Monday at the close 0.64% to 10.87 dollars in a market up 0.18%.

According to the poll published in the Thursday edition of Le Parisien, 60% of respondents said they in fact disagree with the proposed pension reform. A higher proportion of no surprise among supporters of the left (73%) than among supporters of right (24%).Traders, businessmen and artisans are also those who most support the reform, while workers and employees are the most heavily opposed.

Mobilization June 24

In total, 52% of respondents who consider the reform "unfair" and "not effective". Another aspect of the survey that could worry the government: they are 78% believed that the reform could generate important social movement. A concerted effort is already scheduled for June 24. It will "definitely strong, we do not fear," warned Eric Woerth Thursday morning on RTL. The unions, however, until Friday, when the project should be tabled several boards including the notice is required to reverse the project.

The government could include concessions on long careers and arduous.However, it should give way on the legal age of retirement, increased to 62 in 2018. Eric Woerth, Wednesday night on TF1, was very firm on this point: "We will not return to age-related measures because they are serious and socially acceptable," he warned. A delay on which the French did not have no illusions: they are 52% believed that the Socialist Party does not reintroduce the retirement at age 60, despite recent statements of Martine Aubry in this direction.

* Survey conducted by telephone, on a representative sample of 940 persons aged 18 and over, by the quota method.

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The improvement in the first quarter, according to the group, mainly due to higher sales (turnover is up 40%), combined with cost control. GM was robbed of four brands including eight in the United States, leaving only Cadillac, Chevrolet, GMC and Buick. The group emerged from bankruptcy in July, eased some of its debts.He completed repaying $ 6.7 billion in loans from the U.S. and Canada in April. The U.S. Treasury still holds 61% of capital.

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