Papandreou prepared to withdraw his referendum and the new president of the European Central Bank, Mario Draghi, who announced lower interest rates in his first press conference in this position. Is good news that financial markets have welcomed yesterday and continue to welcome Friday. The atmosphere remains febrile. Investors are still suspended to changes in the Greek case.

The Greek government plays its survival tonight in Parliament in a vote of confidence but the fate of Prime Minister George Papandreou seemed sealed after the failure of the referendum proposal.The composite index rose to 46.5 points in October against 49.1 in September, according to a second estimate published today. The index had fallen below 50 points in September for the first time in two years, signaling a decline in activity. In detail, growth slowed in October in Germany, but contracted in France, Spain and Italy. Ireland is the only other country to report an increase in its overall activity in heavily penalized octobre.Alcatel-Lucent

On the corporate side, the ball of publications continues.

After having dropped more than 2% just after the opening, Alstom quickly regained balance and advance 0.78% to 27.71 euros in mid-session.

The Tokyo Stock Exchange and ended the session down sharply from 1.70% to 8835.52 points. The broader Topix index has in turn yielded 1.25% to 754.50 points. In Japan, the export sector still suffers from a weak yen against the dollar only after direct intervention from the Japanese government on the foreign exchange market to weaken the outbreak of the currency.On Tuesday, the dollar stood at just above 78 yen and the euro around 108 yen, well below their value on Monday. "We are engaged in a war of nerves" with speculators, said Japanese Finance Minister Jun Azumi at a press conference.

Toyota lost 1.82%, Mitsubishi and Nissan Motor 1.90%. The automotive sector has not benefited from the announcement of an increase of 28 pay day loans.3% of new vehicle sales in October. TDK has, however increased by 3.67%, even after the publication of a net profit, down to $ 56.6 million in the third quarter. Toshiba has gained 1.43% despite announcing a 19% drop in quarterly profits. Other value of the day in Tokyo: Panasonic, which has lost 5.07%.The rating agency Moody's said it may lower the rating of long-term debt of the Japanese electronics giant, because of the poor profitability of its TV and semiconductor and high costs of Restructuring.

Oil down

Moreover, time is also reduced. The Stock Exchange of Hong Kong and Shanghai respectively, losing 1.97% and 0.11%. The Korean Kospi is in equilibrium, an increase of 0.03%, the S & P lost 1.52% Australian and Indian Sensex drops 0.80%. In Sydney, the mining sector was battered in the wake of the raw materials: BHP Billiton lost 2.72% and 2.98% Rio Tinto. Same thing in Hong Kong where Aluminum Corp. 4.38% loose.

Oil prices were down after the announcement of the bankruptcy of U.S. broker MF Global Fund and new fears about the debt crisis in the euro area.

All flights of the company are canceled as of Saturday, said Officer. "The devices currently in flight will go to, she adds.However there will be a single new domestic or international flight anywhere in the world. "Qantas said its employees will be denied access to the company as of Monday morning cash advance flexible payments.

Faced with a large section of its employees challenging the group's policy, management of the company has chosen the hard way to break the impasse. Calling itself the decision "incredible", Alan Joyce, Qantas's boss said that "the aircraft will be grounded as long as necessary for the situation to an end," at a press conference convened in a hurry on Saturday. No way for him to accede to the request of trade unions, which he said, "Qantas would destroy the long term."

Retrenchment and redeployment in Asia

What technicians, ground staff and pilots claim, it is mainly wage increases.

In the wake of European stock exchanges, investors should play the card of caution before knowing the details of the implementation of the anti-crisis plan of the euro area. At 12 hours, the index futures on the Dow Jones retreated slightly from 0.4% to 12,123 points. At the same time, those on the Nasdaq and S & P 500 declined by 0.43% to 2383.50 points and 0 no credit check payday loans.4%, to 1277.50 points.

Keep 12,000 points

Clearly, the objective of the session will be to keep the 12,000 points, recovered yesterday thanks to the announcement of a stronger than expected U.S. growth in the third quarter. "On the month, Dow Jones, which had not changed over the 12,000 points since August 1, now displays the best month ever (no higher than 12% has never been seen in 115 years ), "said elsewhere Chrsitian Parisot at Aurel BGC. The euphoria of yesterday should calm down, to allow time for U.S. investors to catch their breath.

They should also keep a close eye on the latest developments in the management of the debt crisis in Europe, with details expected in the coming days on the plan adopted in the night from Wednesday to Thursday.

However, the prime minister called Monday an emergency Cabinet, to provide for new budget cuts. A decision under pressure from its neighbors, France and Germany leading the way. President Sarkozy, supported by Chancellor Merkel, had clearly stated on Sunday: "No way to play the solidarity if those we help are not their own efforts." Lacking only the name of the target country.But everyone understood.

Markets have a cold sweat

"Friendly advice" or insisting express condition of rapid assistance of the European Union (EU) and International Monetary Fund (IMF) in Italy? This second hypothesis has been swept by European leaders, merely to establish a powerful tool for playing a deterrent and prevent contagion of the debt crisis. Nevertheless, doubt has spread on Monday with confirmation from several sources, the European experts 'study' the option of a rescue of the Italian Treasury. Enough to make a cold sweat to markets and European leaders, the Italian economy weighs 2.5 times more than those of Greece, Portugal and Ireland combined, the debt reached 1.9 trillion euros.

However, unless the markets do not hurry the business, there is still no question that Italy is in the near future to help stop the EU and the IMF. Officially, nothing in the pipe. Support Fund for the euro area (EFSF) does in fact not the instrument that experts in the euro area, but shall give it already to be finalized Wednesday between heads of state and government. In addition, Rome has taken any of the three steps which may be imposed for such assistance: assent of the ECB, a general agreement of 16 other shareholders of the Fund (including Germany of course) and a motion for good standing of the part of Rome.

Humiliation

For the Berlusconi government, it would be a humiliation.Leaks on Monday evening seem so at first as an additional political pressure exerted on Silvio Berlusconi, that he arrived late Wednesday in Brussels with a credible plan of action.

The Italian leader has three days to do what he debate with its allies for three months. Berlusconi promised to Brussels to accelerate the pension reform, but is faced with its ally the Northern League. For now, his Cabinet was to consider other measures such as the auctioning of items of public property: barracks, buildings, land, beaches … The product will be used for debt of the state. Other possible measures are more uncertain.Yet another tax amnesty would bring back the money but would be very controversial; liberalization of certain markets, privatization of municipal corporations, reducing the lifestyle of the state, reform of labor law divide unions and parties. The road is very narrow.

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Ten days after his trip to Berlin, Nicolas Sarkozy visited on Wednesday in the financial capital of Germany for a further meeting with Angela Merkel. Officially, he came to pay tribute to Jean-Claude Trichet, who drew his bow at the head of the ECB. But in practice, to lock an agreement soon with the Chancellor. After a two-hour meeting nothing has filtered. The two leaders were released separately without comment. They looked tense.They rushed into their cars, to use the plane to Paris and Berlin.

The key issue – the appropriate role or not the European Central Bank in the financing of sovereign debt in support of the EFSF, the bailout funds in the euro area – remains still pending. France is clearly, even amending the Treaties. Germany has always been against the name of financial orthodoxy and independence considered sacrosanct by the ECB.

The question plagues the Paris-Berlin for months. At one hundred hours of a summit that everyone wants to believe decisive, it is especially doubt the strength of the Franco-German base on which the 17 partners of the euro and the 27 EU countries have establish a bulwark Sunday against the crisis and contagion."Monday morning he will have the markets, the United States, China and the IMF are convinced that Europe has a plan, a European official placed loose in the heart of the discussion. If there is no agreement, each European country will be reduced to playing individual survival. "

A "Mr Euro"

As a result, dramatically raised the bar for Sunday. Until recent days, Europeans thought solve problems in sequence: first Greece, then the recapitalization of banks with the strengthening of EFSF and economic governance coupled with greater budgetary discipline and finally the start of construction new treaties to push European integration. In an emergency, they say in Brussels, the Heads of State and Government will instead have to treat the whole as a whole.

Essential parts are already in place.Athens will release in the coming days with an 8 billion euro. She will spend the deadlines in November and avoid bankruptcy catastrophic for the euro. Unless dramatic, France and Germany also agreed on the recapitalization of banks. Governance side, it seems certain that the European Council President Herman Van Rompuy become "Mr. Euro ". The terms of the collective fiscal discipline and above the level of checks carried out by teams in each capital Brussels are still under debate. The case directly related to the revision of treaties, also raises serious questions of national sovereignty.

But against the backdrop of persistent differences between France and Germany regarding the bailout fund and the role of the ECB, it remains to organize the famous "against fire" in the euro area, ie to prevent the spread of the fire."It's reassuring to calm the Greek home. But that does not answer the real question posed by the market: what happens if other countries are in turn earned by the flames? ", Said the European official.

After degradation of Spain by Moody's and uncertainty on France by Standard & Poor's is Italy, the third power of the euro might come to haunt the summit. "Nobody talks about it openly, but everyone has the scenario of an Italian debacle in mind," said one senior source. After public criticism that its inertia creates the Italian employers, Silvio Berlusconi could be claimed Sunday accountable by their peers, they say in Brussels.

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We must also put into perspective the value of Danone with that of Nestlé. The Swiss giant capitalizes 15.6 times the expected result next year. The market welcomed by the superb performance in all segments, including the brilliant success of Nespresso, the subsidiary that specializes in luxury coffee.

Danone is perceived by the market as a growth and not as a "value", not valued due to lack of development prospects no fax pay day loans. The situation of Danone in terms of profitability is satisfactory. Operating margin exceeded 14% after the first half. Better still, it exceeds 20% in Asia.

Possible sale of the water industry

Still, Danone must win the market with new projects. In recent years, Danone has refocused on the markets of healthy nutrition and health. The group is poised to sell its water sector, reports Bloomberg. It is in talks with the Japanese Suntory. The water industry is about 17% of sales of Danone. Growth and profitability are slightly lower than the other branches of the group.Meanwhile, Danone could strengthen its nutrition industry with an acquisition.

In any case, it will not be possible to create value with a takeover bid. When Danone had been rumors of takeover by Pepsi, leaders such as politicians had split from a multitude of arguments, economic patriotism.

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First, European banks will have to be prepared to give up a larger share than expected of their claims on Greece. They will erase "probably more than 21%" expected, it was said Thursday the Department of Economics in Paris. Where we quick to point out that "it is no secret." "We are working on this issue" with Europe, they added. In Brussels, the figure of a discount of up to 50% is quoted."What we do not want is a credit event because it's an adventure," insists on the Ministry of Finance, where it is estimated, however, a "selective default" of the Greece "can be managed."

Once this fault act, he will then create a "confidence shock" at European level. Bercy is estimated that the French banks "are solid and have no problem of liquidity or solvency." However, "France is not deaf to the demands of the market for bank recapitalization." In other words, if the confidence shock has to go through the recapitalization, the Hexagon did not persist to refute.

Prohibit dividends

In the scenario that is emerging, which should be clarified at the EU summit of 23 October-, financial institutions would seek money on their own, in the markets.And the United States would open the "Windows" public that those who wanted to could come and borrow money guaranteed unsecured personal loan. "I'm not sure that French banks rush in!" Says a government source, thereby capturing the mood of the French bankers. The German bankers have also expressed their displeasure with Thursday to leaving the project "thinking that European banks are aware of alleged weaknesses." European level is mainly intended "to institutions that have failed the stress tests published in early summer, to those who have succeeded narrowly and perhaps a few regional banks," said Paris.

Nevertheless, the imperative that all will meet the objective of equity of 9% hard no later than mid-2012 that the EBA is about to impose.A figure Bercy "appropriate."

Will finally ensure that institutions do not go further curb the financing of the economy to meet this requirement. "To ensure that banks continue to finance the economy well, we can do things. It has, for example, how to play on their dividends, "said the entourage of the Minister of Economy, Baroin. In fact, the supervisory authority has the right to ban certain payments (dividends and bonuses, for example) as the level of fixed capital that is not achieved."If banks were not distributed as dividends in the last three years and focused on strengthening their capital, there might not be as urgent today," said a finance specialist.

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The trick? These trucks are equipped with a support which can be integrated into a digital tablet iPad and speakers. A self-charging solar battery to allow the tablet to never fall behind. The user – must however bring their own iPad – can then install the Sky Go, which allows it to follow the programs offered by the Sky group's channels, in particular the five sports channels Sky Sports.Support for the tablet is attached to the front of the truck at the site usually reserved for child seats. And to avoid accidents of trucks, everything has been thought. They are equipped with a sensor that emits an audible warning when a client caught up in their screen gets too close to another truck.

"A practical and innovative gadget»

The creator of the Sky Go cart, Ian Burgess of the company Setwo Designs, said in a statement it had successfully met the "challenge" to "create a gadget that is both practical and innovative."This experiment, conducted in a single store Sainsbury's in West London, she is likely to be widespread throughout the UK? When asked about his intentions Lefigaro.fr, the distributor has been very discreet about the success of this test to its customers, as well as its intentions to deploy or not this concept to all its 934 outlets.

In France, the testing of Sainsbury's creates a limited interest in the supermarkets. Auchan, which has developed an application for the iPhone, then declined on the iPad, does not count for much install the tablet on his truck in the store. "We have no specific project for the iPad to date, but our research and development teams are closely monitoring these developments," says the distributor is instant credit reports.As for the Casino, he questioned the economic model of such an offer, which requires a significant investment to equip the truck. "This concept is interesting if it allows for example to integrate advertising," said Stéphane Bout, director of information systems group.

There is also the question of interest to consumers. The use of new technologies is not a guarantee of success. "An offer based applications for mobile phones or tablets should provide information and personalized services," says Stéphane Bout. "The goal is to meet customer expectations." To see, therefore, if the "gadget" proposed by Sainsbury's Rave.

The truck "smart" hard to take off

If the test is not processed in the UK, it could well be in China.The phone operator SK Telecom announced the launch this summer of a test in a supermarket chain Shanghai Lotus. In this store, the carts are equipped with a touch pad with which customers can synchronize their mobile phones. This time, it is not for customers to watch TV while walking on the shelves, but to receive "advice for shopping, information about products and promotions on the moment," said SK Telecom in a statement.

The adventure of the cart "intelligent" began long before the arrival of the iPad. As noted by the Telegraph, there are already in the United States carts that warn the customer when there removing the "junk food", these products considered harmful to health. In 2008, TNS Sofres conducting a study on the "Future Store".The survey found that less than 35% of consumers surveyed in France said they were interested in the concept of intelligent truck, against 70% in China, 60% in Spain and nearly 50% in the United States. The iPad, which Apple sold 9.25 million copies worldwide in the second quarter of 2011, may well make this concept more attractive.

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"We will not retire at age 60 as we passed in 1982," Manuel Valls Assen. "Nobody says that," irritated Martine Aubry. Yet behind the totem of 60 years Wednesday by waving the primary contenders, hiding the reality quite different. François Hollande only accepts the retirement at that age for those who already have all their quarters. And he sees this as an intermediate stage before a vast overhaul of the system. Manuel Valls as Jean-Michel Baylet also advocate to review everything but are more specific about their goal: a point system, "as in Sweden," says first, "a la carte," added the second.

This would eliminate the problem of legal age, everyone is free to stop work when he wants, even if just a small pension.Ségolène Royal promises, in turn, "the return to retirement at age 60, without any discount for those who have their useful contribution." Martine Aubry appear on the same line … which is precisely to return to 60 years as 1982, a slight difference: the contribution period required for a full pension will be more than 37.5 years. "When life expectancy increases, we must extend the contribution period," admits François Hollande. Well, this time, a point that is the consensus among the suitors, and who endorse the principle set by the Fillon reform of 2003.Holland and Valls even explicitly mention the term adopted in July by the government (41.5 years for 1955 and subsequent generations) in the jeers of the left.

Occupation: differences in hiring to firing

Martine Aubry does not believe in "contracts of generation" François Hollande (if exemption from the hiring of a youth while maintaining a senior in the workforce). In addition to cost 8 billion a year, it anticipates a "windfall" of companies. Ségolène Royal stigmatizes a new "social niche". As for the jobs of the future of Martine Aubry and Arnaud Montebourg, Manuel Valls speaks of an "ineffective measure" that will not allow young people to enter high quality business cards.While Segolene Royal wants to "put into law a ban on layoffs stock" and those "motivated by profitability alone," Martine Aubry wants to allow unions to "seize the court to appoint an interim administrator." François Hollande, he suggests increasing "financial sanctions" to fight against unfair dismissal.

Education: recruit or not?

The proposed François Hollande to create 60,000 jobs in Education in the five years, approved by Arnaud Montebourg, gives rise to a lively exchange with Martine Aubry. "It costs how much?" Quote the mayor of Lille. "2.5 billion euros," says the member for Corrèze. "I wanted to make sure that François Hollande, after proposing not to repeal the budget of Education, now wanted to increase by 2.5 billion euros," continues Aubry.

This in turn will "upgrade the salaries of teachers," "hire psychologists and doctors." Ségolène Royal has a different, for its part, the cost of hiring intended by Holland: "7 billion over five years since 500 million, they must pay every year and they are cumulative. " The president of Poitou-Charentes said that unions "are aware of the financial and budgetary difficulties of the country, and do not require a commitment as strong as this." It calls for "multi-annual programming as needed."

Medical deserts: the incentive constraint

Two camps are emerging. On the one hand, those who want to force young doctors to practice, at least for a few years in deficit areas: Montebourg, Aubry.On the other, those who believe that it will not work and prefer to stick to incentives: Valls, Baylet, Holland – even if it is ready to ban the facilities in the densest areas in doctors. Royal does not choose between two options, but imagine the "clinics with salaried physicians" in the suburbs or countryside.

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