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Patrick de Carolis, the outgoing president, had promised to let a house to the square. Despite his best efforts, it is far from having completed the reorganization of France Televisions over the past two years.

Pflimlin Remy, who succeeded him on Aug. 23, has no time to lose as many sensitive issues lie ahead. The new CEO will have to pay, by the fall, the problem of financing of France Televisions. The law provides that advertising screens on the same day of the public channels is halted in November 2011. But many UMP deputies, led by Jean-Francois Cope, argue instead for continued advertising. This would prevent the State to provide 350 million euros in compensation payday loan.In the coming weeks, the new president must deal with these parliamentarians, the President of the Republic who do not wish to give up too quickly for his original project and the competing private channels which require that the law is enforced. If the new CEO gets to keep advertising during the day, it preserves a certain financial autonomy and be less subject to the vagaries of state budget. But behind the advertising file, it opens the privatization of France Televisions governed Advertising. He must choose between following Patrick de Carolis and bury the project, or restart the privatization process.

THE SOCIAL

Nearly a thousand investors will be meeting Tuesday night at the Convention Centre in Strasbourg, for the annual meeting of the Afer. And the board of directors of the most popular savings association in France will work hard to answer their questions. For many subscribers have questioned the compensation they can expect after the conviction for abuse of confidence by the Court of Cassation, the founders of the Afer Gérard Athias and Andre Le Saux. The meeting will Does the opportunity to come out on top and turn the page so nicely That is the question facing those who have trusted to rightly Afer to invest their savings, but are tired of business and financial disputes that threaten the life of the association for years.

In the first letter in mid-May, Gerard Bekerman, the president of the Afer, had laid the groundwork.The association would make every effort to try to help savers to recover 92 million that the court had decided to confiscate the former leaders. But to get more (the total damage is estimated at 250 million euros), investors should only engage the battle in court. Collective actions are not allowed in France, considers Afer being unable to lead the fight to them.

Mediation proposed

But a few days ago, in another letter, the president went further Bekerman. It offers a mediation "under the responsibility of an independent and indisputable," which "could lead to a financial proposal" probably by the end of the year. The association will stop there. Each member will have to act individually whether to be better compensated.

These proposals indignant SOS principles Afer.The latter, led by Francis Nocaudie, would love to take Afer leading the fight shoulder and at least the action of members no fax payday loans. It invites Afer to turn against the insurer of the contract, Aviva believes it civilly liable for the actions of former executives of the association, and more solvent than Gerard Andre Le Saux or Mathias. SOS Principles Afer the opportunity to mention the loss of independence of the association vis-à-vis the insurer. In recent weeks, the tone is mounted between Francis Nocaudie and current leaders Afer. The first, after asking the court to postpone the general meeting, expected to require the cancellation. Motive? The poor presentation of the resolutions announced by his association, while those of Afer were well developed.And most importantly, the difficulty for members to give him authority to vote on their behalf. "If the power is valid, it was necessary to mention the zip code of my home, that few members know," he says.

Still in question, the insurer Aviva remains silent. Even if, for the debates which agitate Afer today, a lawyer for life insurance, Mr. Lecoq Vallon not hesitate to resurface an old case appropriately. It is indeed in conflict about a company's old contract, which permitted to invest in stocks during the previous week. An investment to "known price" that proved a boon for investors, and difficult for the insurer. "Many court decisions have sided with the investors who had signed the contract and can not benefit," explains Mr. Nicolas Lecoq Vallon.He estimated that 34 million euros provisioned by Aviva to address disputes are insufficient given the amounts involved in that case.

It is not yet signed, but it seems on track. Axa is at least in advanced negotiations to sell much of its life insurance business in the UK group Resolution, amounting to about 2.8 billion pounds or 3.5 billion Euro. The French group would retain, in addition to activities damage, life insurance and individual savings. But it would divest activities dubbed "with profits", for which subscriptions have been arrested in 2003, and foresight on line pay day loans. The operation meets the ambitions of Resolution, a group staged by Clive Cowdery, which was shown last summer with the acquisition of Friends Provident. Clive Cowdery has yet to consolidate its position on the UK market for insurance.

On Tuesday morning, the euro symbol still under $ 1.2 preprend but a little and gold is more than 10 points of its record high of 1,238 dollars an ounce. The CAC 40 ended the session just above 3400 points, down 1.21%, the benchmark index of Paris opened up slightly in the wake of the Asian stock markets this morning.

At the opening, the CAC 40 rose 0.58% to 3433 points, and other European markets were also in the green. The stock reacted quite favorably to the words of Ben Bernanke, the Fed chief, interviewed on ABC, ensuring that there will be no double economic believed.

But about 10 hours, the red again invaded the index, investor sentiment remains fragile. Since the ACC slipped further into negative territory. Around 11:30 am, he fell from 1.7% to 3356 points.BNP Paribas (-3.03%), AXA (-2.31%) and Total (-2.07%) are the main contributors to the decline in the index in Paris.

Other major European stock markets also erased their initial gains and the pan-European FTSEurofirst 300 index was down 1.57%.

In France, the trade deficit was slightly reduced in April to 4.248 billion euros against 4.413 billion the previous month, according to Customs. When the budget deficit, according Bercy, it reached 56.2 billion euros at end-April, against 71.6 billion a year earlier.The Bank of France maintains its forecast of growth of 0.5% in the second quarter in its May business survey released Tuesday.

We will monitor developments at noon monthly industrial production in Germany expected an increase of 0.7% and the sense of optimism (U.S.) in small businesses to 13.30 (expected figure to 90.6) or the sense of optimism U.S. economy at 16:00 (expected number 49.3).

The European plan sealed

Monday evening, the finance ministers of Twenty-Seven were meeting in Luxembourg. They sealed their agreement on the "ease" of 750 billion which should guarantee the eventual bailout of states on the brink of bankruptcy.On one side it is good news for European coordination, but this agreement also shows that European leaders have never had so little confidence.

In Germany, Angela Merkel has decided to cut in government spending, welfare and unemployment benefits while creating specific taxes on aviation and nuclear power. A cure dark record of 80 billion euros by 2014.

Oil side, it goes a bit Tuesday. The black gold will change this week in publication of several important reports on the status of supply and demand, namely the monthly publication of the International Atomic Energy Agency (IEA) on Thursday, the Agency American Energy (EIA), Tuesday, and the Organization of Petroleum Exporting Countries (OPEC) on Wednesday.

Partnership between GDF Suez and E. ON

GDF Suez (-0.04% to 24.5 euros) and E. ON (balance) announced Monday the signing of a partnership to explore new opportunities in the area of nuclear power in Italy. The chairman of GDF Suez Energy Europe, Stephane Brimont believes that this agreement represents a first step in the reintroduction of nuclear energy in Italy payday loan lenders. Klaus Schaefer, CEO of E. ON Italy's "cooperation with GDF Suez could contribute to the formation of a new consortium in the future".

Total: 0.22% to 38 euros. Total said Monday night he entered the capital of American society AE Polysilicon up 25.4% through a capital increase reserved.The boss of Total, Christophe de Margerie, said Monday in Montreal that he should continue to explore for oil in the bottom of the sea and agree to pay for security, "even tripled, to avoid repetition of pollution Gulf of Mexico.

Areva: 0.43% to 353 euros. Areva said Monday it has completed the sale of its transmission and distribution division to Alstom and Schneider Electric. According to Les Echos, the group is also preparing to record an allowance of 300 to 450 million euros in its accounts of the first half due to delays in the construction of its EPR reactor in Finland. Moreover, starting the nuclear reactor at Olkiluoto EPR has been postponed for six months. Its commissioning will take effect in 2013.

Schneider: 0.76% to 84.4 euros.The Chief Executive welcomed the fall of the euro and confirms its objective of "organic growth" moderate turnover of his group in 2010. "Mechanically, the decline of the euro has a positive effect when we consolidate our results. When the euro lost 1% against the dollar, our gain is approximately 8 million euros, "said Jean-Pascal Tricoire in an interview with Les Echos.

Klépierre: largest increase of the SBF 120 (EUR 22.12 +2.15%) value is boosted by a good recommendation from UBS, which rose from "neutral" to "buy" with target price maintained at 29 euros.

The trial begins Kerviel

Today begins the trial of Jerome Kerviel, the former trader at Société Générale, sued for a loss, he contests, nearly 5 billion euros in early 2008.

Accor: 0.27% to 39 euros. Separated hotels, Accor Services is renamed Edenred.The owner of Ticket Restaurant changes name before its listing on the Stock Exchange on July 2.

Technip: 1% to 49.64 euros.Le oil group to win Refinery & Petrochemicals Mangalore three turnkey contracts for a fixed price, worth a total of about 25 million euros for phase III project expansion of its refinery located in Mangalore on the west coast of India.

Gemalto 1.23% to 30.5 euros. In turn, the global leader in digital security, today announced that Deutsche Post DHL deploys its innovative card of vegetal origin. Since 1 June 2010, Deutsche Post DHL offers its business customers to adjust Postcard GoGreen sending letters and packages for express delivery.

Online Games At 10:00, the Regulatory Authority online games (Arjel) certified operators present the implementation of paris and online gambling in France, starting this Tuesday.

Electric Other important event of the day, Bill Nome on the organization of the electricity market will be discussed at the National Assembly. EDF fold from 0.86% to 34.5 euros.

Essilor, the world leader in ophthalmic optics, has released this Friday's turnover of the first quarter of 2010. It reached 905.8 million euros, up 7.8% over the previous year.

The Group's organic growth rose 2.5% thanks largely to strong sales in emerging markets and a gradual recovery in activity in mature countries. The rest of the group's growth came from acquisitions or equity investments during the quarter, seven in total, including FGX International, a leading North American sales of pre-mounted goggles.

At the time of publication of its 2009 annual results in early March, the Director General Hubert stated Sagnieres wait "growth between 5% and 7% excluding currency effects" of sales in 2010, indicating that the number of cases of this first quarter is in line with forecasts.In contrast, the group does not other forecasts for the full year 2010.

While acknowledging "the path in one year", ie the return of growth, Dominique Strauss-Kahn said on Thursday that "the world remains a dangerous place." At the press conference opening spring financial meetings, held in Washington until Sunday, he cited high unemployment and weak demand remaining lot of "rich countries". He expressed concern about the almost inexorable rise of their public debts, which will spend "80% to 115% of GDP on average, between 2008 and 2014.

But the boss of the International Monetary Fund had especially in mind the "Greek case". "There is no simple solution," he admitted."Everyone can understand that I will not give many details about Greece because we are just beginning to negotiate." Asked about a possible "restructuring of public debt", he replied that "it is not a question on which we work. " The opposite would have been surprising.

Dominique Strauss-Kahn has been more incisive about what should be the main topic of discussion of the G20 Finance Ministers, held on Friday, namely the financial sector reforms."In many areas, such as rating agencies, trading over the counter (derivatives), hedge funds, which has been announced if implemented by the United States, Europeans, Japanese is simply incoherent fast payday loan. "

DSK will strike while the iron is hot and play the full role of coordinator who is the IMF's mandate. "We have a political pressure in most countries, the United States and the European Union to ask governments to move faster.". He took the opportunity to condemn the so called "Basel II on bank capital and the development of which" has taken twelve years.

Two proposed fee

This warning is "advanced countries", the only ones whose banking systems have been failing during the crisis of 2008-2009.It is accompanied by an IMF report, whose first draft will be discussed by finance ministers. DSK summed himself three themes: "The rules of liquidity and capital, systemic risk, and the resolution mechanism (failure)."

The study recommends the introduction of fees. The one on the balance sheets of financial institutions, to supply a mattress of rescue funds. The other tax, sitting on profits and wages, would be to share the burden of public budgets. The IMF, however, rejects the hypothesis of a Tobin tax on financial transactions. It does not contribute to financial stability or to fight against the excessive risks taken.

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"Banking: Crime and punishment

The German company Cognis, a manufacturer of additives for cosmetics and detergents, is for sale. Its owners, the funds Goldman Sachs Capital Partners and Permira, are in talks with potential buyers for a sale price that some 3.5 billion euros.

The world of chemistry, BASF would be the most likely buyer according to sources close to negotiations. It could make a bid this week. The German giant hopes to raise its presence in Asian markets and U.S. Cognis achieving only 30% of its business in Germany online payday loans. The U.S. DuPont and Lubrizol could also be interested.BASF had already acquired last year the Swiss Ciba for 3.8 billion euros to strengthen in the mill.

Cognis owners have already tried to sell the company in 2006, but were eventually dropped for lack of attractive offers. They had bought Cognis Henkel in 2001 for 2.5 billion euros. After a major reorganization, the workforce has shrunk by almost 30% and today the company has 5600 employees.

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After playing in the Russian mountain last week, Asian markets follow different paths in the beginning of the week. In Japan, the Nikkei has evolved in the green throughout the session with a closing up nearly 1% at 11,313 points, after opening up 0.86%.

In China, the Hang Seng in Hong Kong climbed 0.11% to 22,233 points while the Shanghai Composite lost 0.57% more frankly to 3127 points. The Kosdaq Korea followed suit with a drop of 0.65% to 3611 points. In India, the Stock Exchange was down 0.24% to 7083 points.

Australia is in the green with an S & P 200 up 0.67% to 4981 points.

Meanwhile the U.S. results …

The Asian markets are reluctant to follow the movement driven by Wall Street Friday. The U.S. stock market finished the session at its highest level since September 2008 (0.64% at 10,997 points) despite mixed statistics.The clarification of the case by the Greek EU heads of state, announced on Friday and confirmed Sunday, has confirmed the good mood.

According to analysts, Asian investors are now expecting the ball quarterly publications which should begin on Monday in the U.S.. Alcoa will open the ball tonight before Intel, Google, JP Morgan, Bank of america or General Electric throughout the week.

As for the U.S. statistics, budget figures are expected this evening. In the rest of the week will be revealed, among others, the figures in the housing sector, the weekly unemployment registration and the index of sentiment among American consumers.

In Japan, markets will keep an eye on the conclusions of the minutes of the meeting of the Bank of Japan on 16 and 17 March.

Oil up

Crude prices were trending upward Monday in electronic trading in Asia, boosted by the dollar's decline against the euro. The European currency jumped to exchange in effect against 1.3675 dollars.

A barrel of light sweet crude for May delivery gained 46 cents to 85.38 dollars while Brent North Sea due to the same, took 50 cents to 85.33 dollars.

In recent years, the owners have too often been a drift of their trustee fees (see also the investigation of abusive practices on an individual trustees). They tended to vote in general meeting a basic package at attractive rates, but charge extra for many tasks that should have been part of their standard delivery. In an attempt to end these abuses, the National Consumer Council (NCC) was made in September 2007, a notice setting out, in consultation with the condominium associations and professionals, a list of 44 tasks to be included in the basic package. Professionals do not always having complied late 2009, the government has decided to publish a decree making such recommendations mandatory.All contracts voted on after 1 July 2010 must comply with these new requirements

A stopped too shy

The condominium associations, the ARC (Association of Chief of joint ownership) and the association CLCV (consumption, housing, environment) in mind, regret that the order did not go further advance payday. It does not specify what effect do the terms current management task, or tasks. Thus, the trustees may continue to charge benefits sometimes fanciful, for example, emergency management during the day, the return of applications to the bailiff and lawyer, or sending emails.Another problem is the order also allows trustees to charge shareholders' meetings held outside office hours and charge extra for some of the archives, the archives only useful (condominium regulations, minutes of general assembly, contract work etc …) are included in the current management.

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