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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Overall, the grade will be less painful than last year, while remaining salt. And for several reasons. Local taxes are calculated by multiplying the rental value of housing as determined by the administration by a tax rate voted by the regions, departments or municipalities. Each year, the rental value is increased at national level to keep pace with inflation. In 2010, the increase was fixed at 1.2% against 2.5% in 2009.

Moreover, local officials have been generally a bit lighter this year.According to the Forum for the management of cities, communes and intercommunal more than 100,000 people have on average increased their tax rate on property tax and residence tax of 2.8% in 2010 almost two times less than in 2009 (5.2%).

Period of "midterm"

The same goes for the departments, with an average increase in tax rates of 2.5% this year against 6.3% last year. The regions are, themselves, remain wise as last year (up 0.1% after 0.7%). Still, this level has little in local taxes.

In total, therefore, households should have their council tax increase of 3.7% and 3.9% this year to mark the foundation added a 1.2% rate hike, while confused level, a just over 2.5%. It is far from moderate. But this is not the disaster of last year, the bill had increased by 6%."We are already half-term in cities. No longer the period of strong increases in revenue, "says Olivier Regis, Chief Executive of the Forum.

The average may conceal wide disparities. Thus, the Parisians are increased by 8% tax rates on housing and property tax. And after an increase of 9% last year! Local taxation, traditionally very low in Paris, still remains low. A household with two children in middle-income pay, according to calculations Forum, 435 euro tax shelter in the capital, against 1180 euros in Nimes.

Better also do not live in Montreuil (increase 10.3%), Argenteuil (+9%), Perpignan (+8%) or in Rouen (+8%). In terms of departments, people in the Yvelines are penalized with an increase of 14.8%.

Conversely, some elected officials have been reasonable.In half of the departments and half of the cities over 100,000 inhabitants, the rates have not budged in 2010. Among these include Bordeaux, Montpellier, Lille, Grenoble and Tours. Rodez has even dropped his residence tax of 1%!

In 2011, with the reform of business tax, the municipal level will be the one to collect the tax shelter, while the regions will lose property tax. The system will be simpler. But will they be elected more virtuous? "Taxpayers can expect some moderation. For the inheritance, the other important community resource, go back with the recovery of real estate, "predicts Olivier Regis.

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.

These hotels will continue to be managed by the group under the same signs – there are 28 Etap Hotel, 13 Ibis, Novotel and SuiteNovotel 6 – under a variable lease for a period of 12 years renewable 6 times Accor's initiative, or 84 years total. The average rent will be equal to 19% of turnover.On the basis of turnover in 2009, the rent would amount to 22.4 million euros according to Accor.

Under the lease, the new owner will assume responsibility for structural maintenance investments in hotels, insurance costs and property taxes.

The deal includes a renewal program of 47.6 million euros, 33 million euros financed by the acquirer, thus enabling Accor to accelerate the deployment of new generations of rooms Etap and Ibis in a forty establishments.

Chief objective of reducing debt exceeded

This operation, carried out for 80% of the amount from the insurer Predica (a subsidiary of Crédit Agricole) and the balance at the corporation Walls Land (Land subsidiary of Regions), will have a positive aimpact 282 million euros 2010 net debt of the hotel group and three million euros per year on its profit before tax.

The group had announced in May a program to dispose of hotel assets amounting to 2 billion euros over the period 2010-2013. He then indicated that such transactions were to reduce its debt of around 450 million euros in 2010 alone and more than half of that amount had already been the subject of transfer agreements.

With 282 million euros announced today, Accor therefore exceeds its annual target of reducing debt.

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Michel de Rosen. – It is indeed a record year with growth of sales from 11.3% to 1.04 billion euros and growth of the gross operating surplus of the same order to 828 million. But do not performance overinterpretation those that involve non-recurring items: we have benefited from the full effect of five new satellites launched in 2008 and 2009. For Eutelsat, this is excellent, our ambitions are clear and our strong future. We operate in a business long term, so we're marathon runners rather than sprinters. Since the IPO in 2005, our turnover grew by an average of 7% per year and we have always kept our commitments.We announce now forecasts annual growth above 7% over the next three years, with a turnover of 1.12 billion over the year begins. The dividend that we offer up 15% to 0.76 euros.

Do you have visibility of 3 years?

Since then, responses have poured on specialized sites, questioning the UFC-Que Choisir on the accuracy of its benchmarks and its independence. Asked by lefigaro.fr, the Consumers' Association said that its tests are not conducted internally, but "by independent laboratories, according to strict protocols."It'sa huge investment, which requires very expensive equipment," explains Camille Gruhier, author of the article, which boasts one of the "strongest battery of tests" of the press.

So this device as the iPhone has faced four. "In the best case, the sensitivity of the device is better than previous versions," admits Vincent Erpelding, engineering project manager in the UFC-Que Choisir. But a sharp drop in sensitivity of average conditions for receipt, Edge and 3G has been "recognized and quantified, since the phone is held by the left flank around a small black border, his weak point .For this reason, the phone will no longer star in sensitivity in the test published in September in the magazine of the association, and will be decommissioned behind all its competitors.

"We have warned the consumer"

In his defense, however, since Apple says that two weeks all smartphones are affected by a problem identical reception. But other phones, hand-held around their antennas, are much better than the iPhone 4. To ensure this result, the UFC-Que Choisir has tested two other handsets, the Nokia N85 and the iPhone 3G in similar conditions. The numerical results show each time a "small fall" of sensitivity in contact with the antenna, but not in the same proportions as the iPhone 4.

For now, the consumers association has not tested the new phone from Apple by surrounding it with a shell, or by varying the power of the network.Additional tests should be published on the Internet. Apple says the problem arises more in areas where coverage is poor, and would be resolved by adding a protective cover. "The network in Europe is much more successful than the United States. The problems and the risk of making calls will be far fewer, "said Camille Gruhier.

If the UFC-Que Choisir concedes qualities in the iPhone four, including ergonomics, picture and sound, it claims to be in her role does not recommend to his readers. "The choices we made the choice to downgrade is a warning to consumers. You can not tell people that the iPhone is fabulous four, while in some circumstances, they may see their dropped calls, "argues Camille Gruhier. "I do not think that our ranking will drop Apple's sales, but have warned consumers," she concludes.

The success rate would be 89%. According to the study of the American bank, the banks are based in Spain, Germany and Greece, which should raise the more capital, adding that the source of these funds should be half public and half private.

The newspaper El Pais reported in its edition today that part of the 18 Spanish savings banks failed the test of resistance.To believe the consensus reached by Reuters, in Spain, only seven banks have passed the exam, including the largest as Banco Santander, BBVA, Banco Popular, and the "Cajas".

That success expected for French banks

In France, banks found – BNP Paribas, Societe Generale, Credit Agricole and BPCE (Natixis) – should all pass. The analysts and Christine Lagarde have confidence.

Full house expected also for the United Kingdom, examined on HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking Group. In Ireland, Bank of Ireland and Allied Arish Banks also would reach to get good results.Same as in Italy, with Intesa Sanpaolo, UniCredit and Banco Popolare including headlining.

In Germany, a handful of banks should be in a situation of failure, particularly those that are undergoing restructuring.

Failure: it will recapitalize

According to Goldman Sachs, European banks should raise an average total of 37.6 billion euros in fresh capital as a result of these stress tests, whose results are expected Friday at 6:00 p.m., after the close of European stock markets but in full session on Wall Street.

In search of capital, these banks 'risk' may first explore to their shareholders or to appeal to financial markets no fax payday advance. If this is not enough, she can turn to state aid at the national level.Finally, as a last resort, they can "take advantage" of the famous European support plan put in place at the European Union and the International Monetary Fund.

Confidence in the results, distrust Performances

With a success rate approaching that expected of the baccalaureate, the question is what will truly value the conclusions of these stress tests. Experts warn that it would be better to consider the assumptions made when simulating a situation worsened.

"The information currently circulating in banks suggest that the stress test favors disclosure of a satisfactory result compared to a real and solid technical verification," says Pierre-Antoine Dusoulier in a forum.

These data suggest that in fact the test cases would be fairly "light" in particular in the field of defaults on sovereign debt. Assumptions of the macroeconomic developments would also be applied "without knowing it for the moment the link established by the test between GDP growth, unemployment and inflation."

In addition, past forecasts on macroeconomic parameters were simply struck by the actual conditions. In spring 2008, the European Commission expected a growth of 1.7% in 2008 and 1.5% in 2009 for the euro area. Real growth was 0.45% in 2008 and -4.1% in 2009.

Pass the exam stress test is a bit like having your bachelor's degree with an overall average just over 10/20. This is not the best conditions for its future.

While the government has launched a hundred administrative simplification over three years (on average, one per department per semester) Baroin, Budget Minister, this Monday morning the first survey on the quality of public services.Focused on the quality of reception, processing applications and claims, the barometer will be published regularly to report progress.

It reveals that only 52% of e users receive a response within fifteen working days, only 69% of them are facing the good service and supported, or that 78% of users benefit from a courteous welcome from the staff.

Even efforts to

The barometer, which is very concrete, also focuses on ten main concerns of the French. It appears that on the 13.4 million patients who visit emergency rooms each year, less than half (45%) are supported in less than two hours. Monitoring this indicator will be generalized to all emergency services by 2011.

During an attack, the average response time of police is thirteen minutes.The average period of repayment of a sheet of electronic care is 3.3 days. Taxes, 9 out of 10 requests for corrections are processed in less than a month. At the employment center, 9 out of 10 entries made within five days after the first contact. And for identity papers, 82.5% of applicants had their passports within two weeks. The goal is to reach 90% in 2011.

Side claims, the administration still has work to do. Only three service offers dedicated support and explicit claims, and when this device exists, it remains difficult to access once two.

With this in mind, the government will open an online e-claims accessible via mon.service-public.fr.This fall, the customs administration will be the first to open the service.

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In his statement issued after a two-day meeting, the central bank is lowering its assessment of the pace of recovery, revealing pockets of weakness. It also is cautious about the volatility of financial markets, given the debt crisis in Europe. But she still insists that the economy will emerge gradually from the worst recession it has seen in decades.

"The financial support under the overall economic growth, which mainly reflects what is happening abroad," the Fed said in its statement.

The Fed President Thomas Hoenig, Kansas City has expressed its disapproval for the fourth consecutive time, holding that the commitment of the Fed to keep rates ultra low long could perpetuate a cycle of alternating periods of high growth phases and depression.

Realtors Falters

The Fed also notes that the economic recovery is underway. But short of what she observed in April, when she said that the economy continued to strengthen.

The monetary authorities have also noted a slowdown became evident in real estate. In April, it was noted that one starts to straighten. On Wednesday, they simply say that these starts "remain at a depressed level. It is true that the indicators are really not good. On Wednesday, new home sales for May fell 32%.This unprecedented decline in new home sales in May reduced to little hopes of a speedy resumption of growth.

As for consumer spending, the central bank said they "are increasing but remain constrained by high unemployment, modest revenue growth and a decrease in the rich heritage." In April, the Fed had referred to an acceleration of these costs.

The Fed also notes a recent slowdown in inflation, citing a drop in prices of energy and other resources.

Most economists believe the next move on interest rates will be higher but some of them say the central bank should consider other ways to boost growth and credit. What must be added the problems of the debt in Europe and the employment indicators also disappointing.

The People's Bank of China warned however that the adjustments would not do at once.

According to Wang Tao, an economist at UBS, "it is possible to arrive quickly enough to an appreciation (the yuan) 3 or 4% in the coming weeks." Mark Williams of Capital Economics expects more modest gains: of about 2% vis-à-vis the dollar by the end of the year.

A rising yuan would also give China greater purchasing power, which would be positive for world trade and especially for commodity exporters such as Australia, Brazil, Canada and New Zealand. China is the second largest oil consumer behind the United States.The country is also the largest consumer of iron ore, copper and aluminum.

The currency movement

By Monday morning, the Australian dollar has gained one cent to $ 0.88. He then returned to 0.8765 dollar when China has set its reference rate for the yuan.

The three-month copper on the London Metal Exchange gained 2.33% to 6,585 dollars per tonne.

A barrel of oil gained 1.35% to 78.22 dollars per barrel of light crude Texan.

Green Scholarships

In trading, the index rose on average by 3%, according to the S & P Asia 50 Index, which comprises the largest market capitalizations in the region no faxing payday loans.

In China, the Shanghai Stock Exchange recorded an increase of over 2% on Monday morning. In Hong Kong, the Hang Seng wins 2.6% to 20,806 points."The airlines, real estate or in metals are the most direct beneficiary of yuan appreciation," said Shen Jun, an analyst at Bank of China International.

In Japan, the Nikkei 225 wins 2.07% to 10,201 points by 6:45, while the Topix rose 1.87% to 901 points.

In Australia, the rise of the S & P/1SX 200 reached 1.22%, 4607 points.

China and Australia: EUR 7 billion contract

Australia and China on Monday signed several contracts worth 10 billion Australian dollars (7.1 billion €) after discussions between Prime Minister Kevin Rudd and Chinese Vice President Xi Jinping visits in the country.

The ten agreements, mainly in the field of mineral resources and energy, reflecting strong and growing cooperation between Canberra and its largest trading partner, largest consumer of mineral resources in Australia, Mr Rudd said in a statement.

Xi Jinping arrived here Saturday to Australia for a five-day visit during which the project should be tackled controversial Canberra tax on super profits of mining groups.

Beijing fears that the tax drives up the prices of raw materials which China is a big buyer.

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