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.

Another encouraging sign is the rising number of unemployed in class ABC (including applicants for employment who have worked more or less than 78 hours) slowed sharply in July. It was only 0.1% (5300 persons) in July, five to nine times lower than previous months.For Laurent Wauquiez, it is not just a transfer grade (from A to B and C) meaning that more and more unemployed people returning to work part time. "It is also linked to the resumption of temporary employment and job creation in the first half of IDUs," he justified. There are now between 2.69 and 4.21 million unemployed in France, according to the category selected.

The data for July also confirm the trend reversal on youth unemployment. The number of under 25 who are enrolled in July fell 2.8% in category A, on the ebb to 1.8% in one year. An exploit in crisis even if there is an increase of a level similar to category ABC showing that more and more young people carry a very part-time job until sustainable employment.Input side, the decline on a year because of enrollment for CSD (-14.5%), temporary mission (-14.5%) and redundancy (-31.1%) demonstrates that economy is indeed on the road to recovery. A feeling confirmed by the rebound of 3.6% of jobs collected in July.

Bond assisted contracts

Conversely, the social treatment of unemployment runs rampant over the past year: the release of employment center for internships have increased by 11.7%. Even finding the side of beneficiaries assisted contracts (Class E), the number has jumped from 45.5% in one year. "We remain below the number of contracts sold under Jean-Louis Borloo and Martine Aubry," qualifies the Secretary of State for Employment.

Three other flats are relative good figures for July.Senior citizens continue to register in mass (1.1% in one month and 17.1% in one year) and nearly 50,000 more to be pushed into the doors seven months of employment center. A downward spiral that Laurent Wauquiez hopes curb with the introduction in 2011 of a device "zero charge" for the hiring of a senior unemployment. On the other hand, the long-term unemployment is endless progress: + 0.8% in July, bringing to 36.2% the share of those unemployed for more than a year on average over 424 days ( 30 in ten months). Finally, the radiation increased by 7.3% in one month and 9% a year.

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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%.

Concerned by the crisis, the French preferred to save the additional resources, including by placing life insurance. The savings rate has reached 16.2% at end 2009. Consumption has it, plus a small 0.6%. The scrappage boosted purchases of cars (+8.3%).The French bought mass televisions, went to the movies more but have less clothes and bought train tickets and plane.

This, incidentally, the third stake in an oil company, after Vallourec and Technip.With a market capitalization of 2.7 billion euros, CGG Veritas is smaller than the other two groups supported by the fund, but the company employed 7,500 strong positions in its areas of specialty. It is a world leader in providing services in imaging for identifying hydrocarbon reserves, both onshore and offshore, it is also the world leader in seismic equipment.

"We are proud to be regarded as a business with great potential by the ISP, and it does not mark a turning point for the company, but it will allow us to further develop the technology to improve the image of the basement" , commented the President of CGG Veritas, Robert Brunck on line pay day loans.

Long-term shareholder

The entry of ISPs also aims to secure a capital highly fragmented.IFP (French Petroleum Institute), long the largest shareholder, holds only 4.2%. And the company has 700 funds in its capital.

With the strategic fund, about 10% of the capital are now in the hands of public shareholders and long term. "The presence of ISPs in the capital makes CGG Veritas attractive for other long term investors," said Gilles Michel. For him, securing the capital enables these dynamic companies to focus on growth rather than spending time managing financial issues.

Problem even more crucial that CGG Veritas is an average actor in a sector parapetrolic won by a movement of concentration. Schlumberger has made two acquisitions in quick succession.The industry giant has launched at the end of winter a bid of 11 billion dollars on Smith International, before you spend a few weeks later, one billion euros to afford the French Geoservices. Many observers consider that competitors, including Halliburton, would replicate …

The prosecutor of Boulogne-sur-Mer, Pas-de-Calais, has opened a criminal investigation for "breach of trust", while the direction of the Company filed a complaint against X in March.

According to the spokesman SeaFrance differences accounts were "significant". According to Le Parisien, they concern "hundreds of thousands of euros".A significant shortfall for a company that has placed the supervision of the Commercial Court of Paris in mid-April to avoid bankruptcy.

This backup procedure had been launched a few days after a strike that lasted throughout the Easter weekend, and who literally "poured" the company: Blocking boats will "cost 1.25 million euros SeaFrance and can cause death of the company and all its jobs, "then had warned management of this 100% subsidiary of SNCF flexcheck cash advance.

Items returned at any cost

According to information from Parisian-Today in France, the auditor was particularly interested in returning items sold in 2008, "whose amount was 610,000 pounds, or 720,000 euros."

"It seems surprising that cigarettes, perfume or whiskey are subject to systematic customer feedback, and especially for these volumes," Le Parisien reported the briefing note written by the expert. Another oddity: there is no inventory of returned products, so it is impossible to know what these products have become.

In addition, differences in body are disturbing: the first four months of 2009, differences between the turnover and amounts in cases concerned 60% of trading volume.

Finally, discovering one of the ships of the fleet has the equivalent of a stock of thirty months of a brand of champagne, it is clear that there is something fishy.

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Torn between good ZEW index of German industrialists in April and perennial concerns about the finances of Greece, the euro was hesitant. On Wednesday, he nevertheless resumed its downward trend started yesterday, when discussions begin in Athens techniques to study details of the mechanism of financial assistance that the country could then activate it if necessary.They should last about ten days after placement interviennet by Athens Treasury bills to three months worth of 1.95 billion euros.

The Bundesbank president Axel Weber has implied that Greece might need 80 billion euros of financial assistance to avoid bankruptcy, nearly double the amount provided by the European plan.

"Despite a modest rise in risk appetite, the euro remained under pressure during the night while the gap between Greek and German bonds rose to a new record of 478 basis points in the night, however, observed Michael Hart at Citigroup.

Pictet notes that "the return to rising world stock markets – after overruns linked to the case Goldman Sachs and the ash cloud Iceland – has left the dollar marble.

For Pierre-Antoine Dussoulier, president of Saxo Bank, the consensus presages a downturn in the euro.Support for the euro / dollar stood at 1.3280. One that is close, while the euro traded under $ 1.34 today, to 1.3387 to exactly 13 hours.

"Until then, support has remained resilient, but if it is broken, then the euro will fall to the next support, referred to 1.2455 dollar per euro, or levels in March 2009 and November 2008. The resistance is placed it, to 1.38 euros, but there is little chance that the euro is growing so very short term, the official said.

The pound sterling rose

While political discussions are underway with our neighbors across the Channel for the upcoming elections on May 6, the British pound is a positive trend, encouraged by the price index from March to well above expectations at 0, 6% against 0.3% expected.

It is 86.96 pence per euro and 1.5391 dollars on Wednesday.

Asian currencies purchased

Led by the change in monetary policy from the Bank of India Monday, Asian currencies continue to rise. As the NOK, which rises against the dollar at 5.8953. Even in Australia, the Australian dollar strengthens against the dollar and euro.

Canadian Dollar coveted

The Canadian dollar (CAD) remains the motto of all desires: while the Bank of Canada has hinted it may raise rates, the latter finally maintained at 0.25%. The loonie has flirted with parity from 1.0161 to 0.9941 Canadian dollars to 1 U.S. dollar. The momentum keeps a downward trend on Wednesday.

The central bank of Canada announced an upcoming recovery.It could then be the first monetary tightening of a G7 country.

* Definitions

• Forex: For Foreign Exchange, foreign exchange or market analysis • technical analyst or chartist. She studied graphic evolution courses. The research in the historical price behavior involved in a situation to predict the evolution of financial securities. • Pips: Price Interest Point. Unit rating for foreign currency. It designates the last digit is used: in the case of the euro, the fourth decimal place. • Trend: trend. • Range: Range. • Support: value as the price has little chance to pass down. • Resistant: value as the price has little chance of exceeding the rise. • EUR: Euro, USD: U.S. Dollar, or U.S. dollar JPY Japan Yen or Japanese yen, GBP: British Pound, CHF: Swiss franc .

The British (-17.3%), Spaniards (10%) and Americans (10%) were abandoned by France, who still remains the premier tourist destination.

The balance of payments deteriorated sector. Indeed, if the parties are less French tourists, foreigners have spent less. The surplus thus fell to 7.4 billion in 2009, against 8.5 billion a year earlier and 12.8 billion in 2007 loan payday instant.

The balance of payments deteriorated sector.Indeed, if the parties are less French tourists, foreigners have spent less. The surplus thus fell to 7.4 billion in 2009, against 8.5 billion a year earlier and 12.8 billion in 2007.

The hotel industry has suffered a decline in attendance of 4.9% in 2009 with a decline of 11% just for foreign customers.

The situation was particularly bad in the overseas territories: the attendance of the hotel fell 19.4%. A severe decline that experts say the crisis, but also by the general strike occurred in the Caribbean.