Posted by admin | Under events, money, online, resources, world
Tuesday Aug 30, 2011
François Fillon on Monday took a trip to the nuclear power plant of Bugey in Ain – one of the oldest park of EDF, one of the reactors suffered its general review of thirty years – to reiterate the government's argument in favor of nuclear energy. Being understood, said the Prime Minister, that "safety is the top priority." The end of a busy year on the last record. Six months after the disaster of Fukushima, Japan, EDF must provide a copy within two weeks of testing the resistance of French power stations.
ASN will then evaluate, by December, the information on the resistance of plants to earthquakes and extreme flooding.Asked about the failure to take into account the risk of terrorism in these tests, François Fillon acknowledged that the current plants – unlike the EPR reactor being built in Flamanville – would not survive the fall of a "jumbo" in the case of an attack like September 11, 2001 but that there are "other means than concrete" to counter an air attack, referring to anti-aircraft missile batteries and fighter on permanent alert. The prime minister also responded to a question about the resistance of the Flamanville earthquakes, following the information published in Le Canard chains."No need to read Le Canard chains, he said, all information is on the website of the Nuclear Safety Authority" (ASN) has called, playing the role of "sting", a better resistance of building control fast payday loan.
Besson favor of "stress tests"
The Prime Minister also called for the establishment of international safety standards. A goal that will not be met "for years" according to Andre-Claude Lacoste, President of the ASN, because of the hostility of countries like China, India and the United States. Eric Besson, Minister of Industry, will defend to the IAEA in Vienna, September 19, the idea to conduct stress tests in all nuclear countries. Pending the possible orders of the nuclear policeman at the end of the year, EDF provides better security of its power at all times.Example, during the four months off during the revision of the number 5 reactor Bugey, pre-authorization for an extension of ten years, 25 million euros is being invested to enhance its resistance to earthquakes.
Security has its price. Henri Proglio, the chairman of EDF, has also invoked July 29 to assert that it would be "natural" that the price at which EDF has to sell part of its current competitors (price Arenh) increases until to 46 euros per megawatt hour, while the authorities have set at 42 euros on 1 January 2012.
Responding to the BBC on this, François Fillon said "common sense" the current level of Arenh but added that more security funding for renewable energy made inevitable the rise in electricity prices. In government, he added, to control it as much as possible.
Posted by admin | Under events, life, publications, special, top news
Sunday Aug 7, 2011
After one week on the black market European markets, policymakers in the euro area seized by the horns of the question. Nicolas Sarkozy must indeed meet this Friday with German Chancellor Angela Merkel, then with the Spanish Prime Minister Jose Luis Zapatero. These exchanges aim to take stock after the bear market in Europe yesterday. The head of state has already mentioned this yesterday with Jean-Claude Trichet, president of the European Central Bank (ECB), which failed yesterday to restore calm on financial markets.
In their discussions, the three heads of state should include mention the announcement by Olli Rehn, Commissioner for Economic and Monetary Affairs this morning of a new stage in the debate on European bonds (Eurobonds). The news was welcomed on the European financial centers.After an open down sharply by 2.5%, the Cac 40 has reduced its losses one hour after opening.
A report on European bonds issued after the summer
Anyway, the official European, the European Commission will, in fact, a report on the subject "after the summer," putting on the front of the stage waving and debate divides EU officials for two years. This idea is not new in itself, proposes to issue debt securities to common European states. These securities are guaranteed by all Member States of the euro area, to allow countries unable to borrow on the markets on terms acceptable to the markets, to finance themselves. In short: it would be to issue debt on behalf of the European Union, as can the U.S. Treasury to communitarise debts of the countries of the euro area.The creation of this type of debt across the euro area would therefore raise the fears of investors about the creditworthiness of a particular state.
In addition to its economic dimension, the project also presupposes political choices instant payday loans. It is indeed based on the principle of mutual assistance in euro, which hit the sensitivity of some countries, notably Germany, which does not hide its hostility to the project. Main complaint: the countries financially "healthy" could only suffer through the European emissions, their solidarity with the countries most in need. In short, Germany does not want to take the weight of debts of some of the euro area.Note however that according to the draft presented by the Luxembourg Jean-Claude Juncker and the Italian Giulio Tremonles, advocates of the project, Eurobonds would not intended to replace the national debt.
Halt in mid-July
After being ignored for six months the project had been emerged from the closet in early July. But 15 days later, a new setback: Jens Weidmann, the head of the German central bank (Bundesbank) has criticized the project, saying that "there was nothing better to destroy a rapid and sustained strong making fiscal policy a common responsibility for the debts of States.This is exactly what some politicians and economists to offer Eurobonds to solve the problems of Greece. "
Whatever the conclusions of the report of the European Commission in September, the debate on the desirability of strengthening the political commitment at European level promises to be more agitated.
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Posted by admin | Under opinions, people, publications, resources, special
Saturday Jul 30, 2011
The wiretapping scandal organized by the newspaper News of the World is experiencing a new twist. It seems that the phone Sara Payne, mother of an 8 year old girl abducted and murdered in July 2000 by a serial pedophile, has also been heard. The name of the mother appeared at least on the list of Detective Glenn Mulcair charged by the tabloid to listen to the voice mail of some of the 4000 victims alleged piracy of their phone line in the 2000s. It is not certain that the investigators were able to determine whether there had been an oversight and what could be nature.
What is certain, however, is that Sara Payne is not a single victim over. She had become very close to the weekly after the death of his daughter Sarah.As part of its combination of child protection, The Phoenix Chief Advocates, she collaborated with News of the World to obtain a review of British law on the pointing of sex offenders. The photo of her daughter and had served as part of a campaign known, conducted in cooperation with the Sunday newspaper, which has yielded the right of parents to be informed of the presence of pedophiles in their neighborhood. This legislation easing access to information on sex offenders has also been called "Sarah Law," a tribute to the girl.
"Sara Payne was a friend"
Sara Payne has been "devastated" by learning that she too may have been referred by his "friends" News of the World, said his association in a statement payday loan.The young woman feels betrayed, she was greeted in the latest issue of the tabloid, published in July, a newspaper that was not only a "force for good" but also an "old friend".
As editor of the press title between 2000 and 2003, Rebekah Brooks is at the heart of these new charges. "These allegations are particularly heinous and shocking in that Sara Payne is a very dear friend", has defended the former president of News International, the division of Murdoch manages the British titles. "The idea that anyone could log in that Sara and the team of the campaign was covered by Glenn Mulcair is unthinkable."
Rebekah Brooks has always denied any knowledge of the practices challenged in News of the World. A public inquiry into eavesdropping, conducted by an independent judge, was officially opened on Thursday in London.At the same time, it was learned Friday that James Murdoch, son of media magnate, was confirmed as head of the bunch UK BSkyB satellite channels. Severely shaken by tapping the case, the group Murdoch had yet been forced to withdraw in mid-July its offer to buy 61% stake in the company he does not already own.
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Posted by admin | Under economics, finance, online, people, top news
Wednesday Jul 13, 2011
In the world of weight loss, it is called "Dukan effect." Far from referring to the weight loss of the followers of the method of Dr. Pierre Dukan high protein, the term refers to the earthquake has caused its rapid success in the market regimes.
"Since launching our website in 2008, 500,000 people have used our services," says the Figaro.fr Eric Levasseur, CEO of RégimeDukan.com, online service to support the regime. This figure does not however say how many customers are currently active on the site. To achieve this, the entrepreneur says he has not spent a dime on advertising. Media coverage and the very important word of mouth was enough. In addition, this success is due to an unbeatable price on the market, to 18 euros per month. In comparison, subscribe to premium services of Jenny Craig costs 380 euros per month, those of Weight Watchers, about 40 euros per month.
Three ingredients
Otherwise, the business model is based on Dukan a classic recipe with three ingredients. First, the publication of a book, "I'm not losing weight," bestseller in 2010. Then, offer coaching as a service fee. It is the function of RégimeDukan.com held by Marc Simoncini, Meetic founder, Eric Levasseur and children of the inventor of the method.
Last element of the strategy, products "house" manufactured under license, such as oat bran. "The 25 food products we offer for sale are regularly out of stock", says Eric Levasseur. The sale of meals, also proposed by Jenny Craig, has been tested since 1973 in France by Weight Watchers, the history of the area. For the latter, "the business of licensing products represent only a few percent of revenue," says her manager Corinne Pollier France.
The success of Dukan has not stifled competition. Instead, he seems to have created a renewed interest in France for the plans. Thus, Weight Watchers France announces "growth for two years" and has 120,000 active customers in early July. Jenny Craig brand, launched on the market in early 2010 by Nestlé hexagonal, celebrated for its part, the 10,000 th customer in late June. "It's beyond our initial objectives, ensures the boss of France's premium brand, Erick Moreau. We hired over 30 people since early 2011 and now have over 100 employees. "
Booming sales of surimi
Dukan is not only limited effect on the market methods of diet (500 million euros of turnover, against 5 billion for the sector of thinness at large). It also causes a tidal wave less visible in the food products that "light" generated 1.5 billion euros.It's simple: all the foods recommended in its method Dukan turn into gold. The turnover of surimi has enjoyed a double-digit growth in recent months. Sales of fresh cheese (fromage blanc in particular) grew by 14.5%, according to the specialist market research SymphonyIRI.
Still, with the recent controversy about the effectiveness of the regime and the disappointment of Dr. Dukan court, the effect will last Dukan he? "The ruling will not affect our business. The public is not fooled, says Eric Levasseur. We record even a 30% increase in registrations in the first half of 2011. "
Some competitors, however, fear side effects. "The media effect Dukan has cast doubt on the effectiveness of all plans," laments Erick Moreau.Others, like the union's general secretary of dietetics, Jean-Loup Allain, relativize: "For 30 years I have been in the business, plans star there was every year. Dukan has simply replaced the previous ones. "
Dukan is the world
With its success, start-up runs on equity and did not have to organize a capital increase from an initial one million euros. Its international expansion is also financed his own money, said Eric Levasseur. Closely following the launch of the book "I'm not losing weight" in these markets, RégimeDukan.com is being launched in Russia, China, Poland, Germany. It has been online for one month in the United States. In addition, it is already present in Spain, the UK and Italy.
At the same time, Dukan is recruiting 10 persons in Russia, fifteen in the United States.In total, the start-up has between 30 and 40 people abroad, in addition to its fifty employees in France, plus thirty in the rest of Europe.
Posted by admin | Under economic, features, money, resources, top news
Monday Jul 4, 2011
Alongside the giants Fitch, Moody's and Standard & Poor's, "small" credit rating agencies are somewhat more severe in their ratings of sovereign debt …
In fact, earlier this year, more than half of Canadian sovereign ratings by DBRS, and the Japanese JCR and Rating & Investment (the three "small" agencies enjoying a certain notoriety) are quite correlated, and appear on average equivalent to Fitch, Moody's and Standard & Poor's. Chinese Dagong, however, stands out, since at best one third of his notes are the same as those of Moody's, Fitch and S & P. These notes have several characteristics. First, the "ratings" assigned by Dagong the major emerging countries [Brazil, China, India, Russia, Saudi Arabia, South Africa, note] are significantly higher than those of Western agencies.Then, his notes to the major industrialized countries [North America, Europe and Japan] are much lower than those of Western agencies. In both cases, the differential of notes can reach four notches, which is considerable.
What credit can we give these agencies?
They have mainly local influence, at best regional. So even if DBRS has a good reputation, is most active in Canada and the United States. It is also accredited by the SEC [Securities and Exchange Commission, Constable of the U.S. markets]. But it suffers from a lack of notoriety outside of North America. As for JCR and Rating & Investment, these agencies have an influence on the Asian continent, but tend to "surnoter" Asian debt issuers. Both are accredited by the SEC. However, Dagong this accreditation was denied two years ago.The U.S. authorities have found it too especially in the political influence of Beijing. Since then, Dagong never ceases to publish reports critical of both the U.S. monetary and fiscal policy, that the action of three. In summary, Dagong tries to embody the alternative in the rating industry. It is aware that the financial difficulties of the United States and several European countries confirm their views. Still, recent events such as doubts about the sustainability of the euro area and the uncertainties about the ability of the United States to halt the spiral of debt due to give Dagong.
Some leading economists, such as Patrick Artus (Natixis), Dagong now estimate that better reflects the reality, particularly offended to see the 'big three' to keep a high rating for U.S. debt.What do you think?
I share the view of Patrick Artus on the fact that the ratings of several countries are excessively high. Fitch, Moody's and S & P "surnoté" Greece and many European countries because they have seen, wrongly, that membership in the euro area reduces the risk of insolvency overnight pay day loans… It was a mistake. States whose public debt has risen sharply over the past decade that have not reorganized their welfare state and have sufficiently reformed their pension system should be degraded. However, I also think that Dagong "surnote" some emerging, such as China, Russia and South Africa. In detail, the "overweight" on criteria such as economic growth and foreign exchange reserves, but neglects the indicators of political and institutional stability, not thinking enough in terms of debt sustainability.For industrialized countries recorded a triple and double "A" by Fitch, Moody's and S & P can afford debt levels higher than those of emerging markets, given the importance of the middle class, better social cohesion, and greater ease in accessing capital markets.
In a context of debt crisis, and after the disappointments of the "Big Three" during the crisis (widely criticized, especially for high marks stamped toxic financial products) these agencies for the time being heard by some markets , she can gain influence?
For four years, it's true that small agencies, few involved in these scandals, have the opportunity to hold their own in the game but break into the industry rating is very difficult because the three major agencies hold almost all (95%) market share.To me, small agencies have only two possible strategies: either they specialize in industry niches or geographic, or they differ in their diagnoses and notations, like Dagong.
Do we need more competition in the industry of the rating?
Yes, and again, the new entrants will be more positive than their ratings diverge from those of the 'big three'. This can particularly help reduce the effects of mimicry on the markets. But regulators must ensure, however, that increased competition does not lead to an inflation of ratings that may be confusing. In addition to competition, agencies must review their methodologies.In the future, agencies should lower the country notes that even in times of growth, are unable to reduce their deficits, as these states will be vulnerable in the first economic downturn. This type of care would include agencies to better anticipate the debt crises.
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Posted by admin | Under Uncategorized, international, online, opinions, resources
Thursday Jun 23, 2011
The Paris market continues to fall on Thursday, a reflection of what has been observed in Asian markets this morning and the decline in U.S. indices yesterday. Wednesday evening, the Cac 40 lost 0.15% and ended at 3871.37 points in a very dynamic market, with over 7.1 billion traded on the benchmark index of the Paris Bourse. And on Thursday, sitting in the middle of the index still declined 1.34% to 3819.50 points.
PMI purchasing managers in the euro area fell in June to its lowest for twenty months to 53.6 points, confirming a slowdown in European economic activity.The growth of private sector activity in France has slowed more than expected in June.
European side, European leaders find themselves on Thursday night in Brussels at a summit to try to reassure their ability to stem the endless debt crisis in Greece and prevent contagion throughout the euro area, which worries more and more abroad. Other items on the agenda: the confirmation of the appointment in November of the Italian Mario Draghi as President of the ECB to replace Jean-Claude Trichet.
The publication of the memo on the economy of France, to be released at 22 o'clock tonight, will be watching. In addition, the G20 agricultural ends today. In addition, Christine Lagarde, a candidate for the general direction of the International Monetary Fund (IMF), spends his oral exam today in Washington.The maintenance of his rival, Mexico's Agustin Carstens, was held Tuesday.
United States, a report by the Congressional Budget Office (CBO) on Wednesday warned against an explosion of net public debt, which can reach 100% of GDP by 2021 if nothing is done to correct the current trajectory. In addition, the U.S. central bank is now focusing on a GDP increase of less than 3% in the fourth quarter. New measures could be considered if the economic situation deteriorated.
On the currency markets, the euro fell sharply against the dollar on Thursday, as the market digested the Fed announcements. The single European currency was worth 1.4254 dollars against 1.4349 late Wednesday.
EDF denies
The CAC 40, only Pernod Ricard rises in green: + 0.06% to 66.49 euros.But in the SBF 120, Lagardère stands: + 2.33% to 27.40 euros. Areva takes him 0.59% to 25.50 euros.
Side drops, banks suffer: BNP Paribas lost 1.86%, 1.69% Societe Generale, Credit Agricole and Natixis 2.1% 2.08% while trades a private sector participation to a new aid plan to Greece. European banks resisted, however, a defect in Greece, according to Bernard de Longevialle, head of bank ratings at Standard & Poor's. Note that BNP Paribas bought 25% of Findomestic to the bank Intesa Sanpaolo for 629 million euros and now holds 100%.
EDF (-1.23% to 25.78 euros), which plunged 3% yesterday at the meeting, had to deny rumors of leaks in nuclear plants in France instant credit reports.The CGT has nevertheless confirmed that called for an end of a reactor at the plant in Seine-Maritime Paluel due to extraordinary levels of radioactivity. The electrician has admitted it yesterday "an accumulation of small differences" after the publication of an article Mediapart citing incidents in series.
In addition, the dean of French nuclear reactors, the central Fessenheim, would be allowed in the coming days to continue to operate for ten years.
EDF is also increased to 96.71% of share capital and voting rights of EDF Energies Nouvelles after the public offer launched on its subsidiary, announced Thursday the AMF in a statement.
EADS (1.30% to 22.14 euros).The low-cost Malaysian airline AirAsia has placed a firm order for 200 Airbus A320 Neo, a record in civil aviation in the number of devices including vendus.Grâce this mega-contract, the total firm orders for Airbus is to about $ 58 billion for 621 aircraft. The buyers of the Airbus A400M signed a framework agreement on the development and maintenance of the fleet of the future military transport aircraft. Furthermore, after signing an order for sixteen billion dollars with Indigo.American Airlines could also favor the European aircraft manufacturer at the expense of its rival Boeing.
Air France-KLM lost 2.06% to 10.21 euros.
Dassault Systemes (-0.96% to 57.18 euros, the largest decline rating) expects a double-digit increase in sales in the aerospace and defense between 2010 and 2014 thanks to the many innovations offered by these sectors, Reuters said Wednesday its chief executive Bernard Charles said in an interview.
Automobile manufacturers seek to diversify their income and increase customer loyalty.
Peugeot (-0.40% to 29.77 euros) PSA installed production capacity that should allow it to manufacture more than 30,000 hybrid vehicles per year, reports La Tribune. "At Sochaux, we expect a potential of 70 to 80 units per day," says Serge Isler, project 3008 Peugeot hybrid.In addition, PSA has manufactured in Rennes, Brittany, just over 15,000 Peugeot 508 equipped with the same technology, the paper said.
The vaccine against typhoid Sanofi (-0.36% to 52.63 euros) was granted the status of "prequalification" of the World Health Organization (WHO), prior to its use by UNICEF and other international agencies, a first for a vaccine of this type, the group announced Thursday.
PPR (-0.60% to 116.80 euros) holds 87.4% of the U.S. manufacturer of sports clothing Volcom at the end of its tender offer (OPA) is friendly and able to reach 90% capital by playing an option, according to a statement released Thursday by the French group.
"COMPETITION – Estimate the Cac 40 in late June
.
Posted by admin | Under life, online, opinions, special, world
Saturday Jun 18, 2011
Too big banks are no longer popular. International regulators working on a way to discourage institutions to reach a critical size, representing a systemic risk. The aim is to avoid repeating the situation in 2008 when, at the height of the crisis, governments were forced to come to the rescue of the banks described as "too big to fail", ie plants with failure could endanger the financial system.
The Basel Committee on banking regulation, which will meet next week and consider the implementation of specific measures to the thirty largest banks, reported Bloomberg and the Financial Times. The idea would be to impose new capital requirements higher than other institutions through the application of a new specific prudential ratio.If these measures are validated, the additional reserve capital that institutions would be selected will earn 3.5% of their risk-weighted assets according to Bloomberg, or 2.5% reported the Financial Times. Restrictions in addition to 7% imposed under the Basel III standards.
The new ratios would be imposed on institutions sliding scale depending on the size of banks and their links with their competitors. The Bloomberg stressed that the highest ratio of 3.5% is not applicable today. But it would serve to discourage institutions to grow further.
France wants to exclude Crédit Agricole and Societe Generale lists
In total, nearly 30 banks that would be an increase in their capital reserve requirements. The most severe restrictions relate eight institutions including BNP Paribas.Four other European banks (Deutsche Bank, HSBC, RBS and Barclays) and three U.S. (Citigroup, JPMorgan and Bank of America) are also involved free business cards. They would be forced to comply with a Core Tier 1 ratio, an indicator that measures the equity of 9.5%, the Financial Times. A second level would include four other banks.
But the list of banks involved are not yet fixed. The French regulator to try and ensure that Crédit Agricole and Societe Generale will be free of these new rules.
In addition, regulators have not defined the means by which institutions can be put in order.The arsenal of new rules imposed specifically to institutions "too big to fail", whose size deemed critical obliges the authorities to intervene in case of bankruptcy, should be ready for the next scheduled for November G20 stated Mario Draghi, chairman of the Financial Stability Board, in April.
But these new laws should not prevent banks from merging. "Institutions should already get the green light from regulators before any merger, the new ratios will be charged an additional constraint," says a corporate lawyer at the agency Bloomberg.
Little reaction in the markets
These ads have little impact on the shares of French banks. In the morning, the folds of the securities of banking stocks are less important than their benchmark index, the CAC40.The banks operate in a pocket-handkerchiefs: Company Génarale folds 0.5% 0.4% BNP Paribas and Credit Agricole 0.3% against a fall of 1% for the CAC 40.
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Posted by admin | Under economic, international, life, news, opinions
Saturday Jun 11, 2011
It's like income a year and a half ago. At the time, Renault intends to build its Clio IV in Turkey and not on the site Flins in the Yvelines. The government had to intervene and finally get the direction the car is partly built in France.
Will history repeat itself with PSA that intends to close its factory in Aulnay-sous-Bois (Seine-Saint-Denis) and Sevelnord (North). Except that unlike Renault's 30% owned by the state, the manufacturer, a lion is a 100% private. The scope of government is much smaller.
"These companies are accountable to the nation"
The State is taking this matter very seriously.If the Minister of Industry, Eric Besson, who met Thursday evening PSA CEO, Philippe Varin, said he was "reassured" by the commitments made by the carmaker, Prime Minister Francois Fillon, the move to guérande (Loire-Atlantique), did not hesitate to call the toll paid by the state to help a struggling sector during the economic crisis. At the time, PSA and Renault had received three billion euros each. "Given the large amount of aid made to the French car industry by the government, I would not and would not understand that these companies are not beholden to the nation that has helped low interest personal loan." The Prime Minister will also have the opportunity to discuss this news with Philippe Varin on Saturday, as both men find themselves in the 24 Hours of Le Mans.
The Socialist Party (PS) is however not reassured."I do not have much confidence in his statements (Philippe Varin), says the spokesman of the Socialist Party, Benoît Hamon. Because we see a real transhumance migration of automotive production facilities and their equipment from the west to the east of Europe. " For its part, the Socialist mayor of Aulnay-sous-Bois, Gerard Segura, is confident that "until 2016, when production of the C3 should end in this factory. The industrial director of PSA, Denis Martin, had said Thursday that "industrial, it is absolutely impossible to give a guarantee on a sustainable medium and long terms. We have visibility into our roadmap to a year or 18 months. It is an absolute maximum, "he concludes. No doubt the state will seek to convince SAP to reconsider its plans.
Posted by admin | Under Uncategorized, economics, features, finance, resources
Thursday May 19, 2011
Solidarity savings gaining weight. As evidenced by the latest barometer of the association Finansol group of leading financiers in solidarity with the Hexagon, its stock is around 3.15 billion euros at the end of December 2010, an increase of 31% compared to the previous year. "Every family of products grew with rates of 15-50%," says Finansol in a statement. Even if these good figures owe much to the legal requirement for companies to make socially responsible funds in their employee savings schemes, which weighs half of the total outstanding.And they must also be compared to the total amount saved each year by the French, which is around 250 billion euros.
Journalist expert on the subject, and author of "Solidarity savings for Dummies" (available since May 12 First Editions), Eric Larpin believes that such legislation has almost doubled the number of savers, who passed the bar of 700,000 people. Ultimately, these funds are supporting local projects of SMEs and cooperatives in sectors "of recycling, recovery, fair trade, organic farming or carpool," recites the journalist.
These are all areas where it is difficult to get funds."Companies faced in my work always tell the same story: their case was set aside by the banker, who considered them too risky in the absence of a business plan or market research deemed appropriate," says Eric Larpin. This explains why banks are reluctant to offer these savings products:
The player has to use default in the articles of figaro.fr. maj1
Posted by admin | Under economics, opinions, people, publications, technology
Monday Apr 18, 2011
She gave a good month to sell everything. A few hours will suffice. Monnaie de Paris has attracted crowds during the weekend of April 9 to 10, when the sale of two new plays: 10,000 pieces of gold in 1000 euros the effigy of the Greek hero Hercules. A veritable gold rush, which has undoubtedly been very beneficial to the venerable institution. And for good reason: Each piece consisted of 20 grams of gold. What gives them the weight value of 650 euros at current prices, or 32.5 euros per gram.
But knowing that the Monnaie de Paris bought the gold that was used in the manufacture of these parts long before the launch of the operation, and given the fact that this metal has continued to surge in recent months, we can imagine that the profit was considerably higher than EUR 350 per room, well over 3.5 million euros in total! Even thinking about the parts of 100 euro money thrown at the same time: a weight of 50 grams and 50,000 copies drawn, they are only worth 47 euros at the current weight (0.94 euros per gram).
Side of the Paris Mint, its CEO, Christophe Beaux, wants to say anything about the benefits of the transaction. He recalls that it is "substantially lower" it looks, since we must deduct the cost of manufacture, knowing that "these pieces are quite worked." Still, this type of event takes place at regular intervals.Monnaie de Paris, which posted a net profit of 18 million euros in 2010 (against 16 million last year), in particular launch gold coins to 200 euros by the end of 2011.
The annoyance of numismatists
In contrast, numismatists s'agacent this success guaranteed payday loans. Worse, they scoff. "This is undoubtedly a very good deal for the state," quips Michael Prior, director of the Compagnie Generale de la Bourse in Paris, lamenting "a very bad investment." Among the causes of that nervousness: a few days after the sale, the professional has seen a Hercules gold for sale on e-bay at a price of 1200 euros. "After that, if the seller found a buyer, more power to him!" Coward he. According to him, the operation of the Paris Mint would be a scam. And buyers of laymen.
A bit bad player, our numismatist? A little. Because as pointed out by Christophe Beaux, a demonetization not valid.And thus, "the piece is protected by face value of 1,000 euros." So if gold were to fall, the buyer may in any case recover its initial investment. Driving the nail, the senior official added that "one must take people for fools." "They learn a minimum, he says. Thousand euros for a room, it is not nothing! "
Furthermore, it indicates that the 100 euro gold coins launched in 2008 by the Paris Mint, and equipped with 3.11 grams of gold, now worth almost as much weight as their face value. However, we must remember that an ounce of gold was used for flambé in times of crisis, and that if the economy improves, "catching up" of Hercules will not be as easy.
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