Daily International Headlines

After Greece, it was the turn of Ireland to seek a renegotiation of its debt to the European Union and the IMF. The country is under international financial assistance since November 2010. The EU and IMF have lent 61 billion euros to pay the bill for their banking crisis, which brought the country to the brink of bankruptcy.

Today, the government, is pleased to have put the country on the path of growth, seeking to ease the burden of its banking bill, which weighs on its own debt, which is 108% of GDP. The objective of Dublin is clear: faster return to financial markets and restore its budgetary sovereignty.

Conversely an Iceland, which increased the cost of its bank bailout to foreign creditors, the Irish state has assumed all of the bank bailouts, nationalizing the first of them, the Anglo Irish Bank, and creating a structure of "bad bank", the National Asset Management Agency (NAMA), for a total cost estimated at 42% of GDP. Result, the deficit has exploded to 32% of GDP in 2010!

The new ruling coalition in Dublin since the spring of 2011 wants to relax the conditions for repayment of expensive bank bailout. Concretely, Dublin request deferred payment of 31 billion euros of commitments from banks, via a system called "promissory notes", which is equivalent in financial lingo with tickets of debentures.

"The original agreement was overpriced, criticizes the Finance Minister Michael Noonan. It was negotiated on a cost estimate inférieuredu good bank. "The state must honor a maturity of 3.1 billion by 31 March. "We want to reschedule the time and lower interest rates," says Minister Le Figaro.

On a total cost of 47 billion euros, Michael Noonan believes it could save up to 17 billion in twenty-five years.

Except that the priority is endorsed by the ECB, as debt guarantees by the central bank go Irish. However, this would amount to a debt restructuring, which prohibits the ECB, as it would make a gift to the Irish State

. Well, good student

If the Minister of Finance expects an agreement "before the end of the year," he acknowledged a "very difficult negotiation," including with donors, IMF, EU, and European partners. "The stakes are high for Dublin, as this represents the totality of efforts to reduce the deficit in the budget 2012," the minister said.

The Irish government emphasizes the respect of the stability program imposed by the troika-ECB, EU and IMF, and its good macroeconomic figures that put the top states in financial assistance.

ALSO READ:

"The billion from the IMF and Europe to Greece paid

"Italy borrows three times cheaper than Portugal

"Greece: the more pessimistic than economists policies

INFO LE FIGARO – Good news for fans of scratch games. Reportedly, the French games will renovate its range including bestsellers Cash or Millionaire. By the end of the year, the group will launch a game of this type per month. The first is expected in early April. All these new products will have a characteristic: they require upgrades smaller (between 1 and 3 euros) that games currently available, and a ticket will win three against one in four today. In return, the gains are less impressive. Meanwhile, five or six scratch games like Tic Tac Toe Dede or the pig will be removed.

FDJ always offer a twenty products of this kind. However, they will all be grouped under a brand created for the occasion: Illiko. And the group will do more TV ads on a particular game, but this signature on his declining scratch games most iconic. The first spots will be on air in a few days, March 17.

If the JDF will communicate its brand is that it wants to introduce more products to consumers. For the public operator, this is not a trivial issue: scratch games have 23 million customers around the Hexagon and generate five billion euros in turnover, 44% of sales of the JDF. Last year, it is the product category that has experienced the strongest growth (+17%). And, with this grooming, The French games account seduce a million new players in the next three years.

If the information in the Journal du Dimanche are confirmed, the football lovers will applaud, but Canal + déchantera. The newspaper, al Jazeera, which is expected to launch its two sports channels in May or June, could offer a monthly subscription fee "of 12 to 13 euros." Much less than the estimates that were circulating lately, between 20 and 25 euros. And unless the subscription to Canal + at 39.90 euros per month … without Foot +.

The names of these two French channels remain secret, but they could be called "Bein a Sport" and "Bein Sport 2", which can not translate "Be in the sport." So low a rate would be the bargain of Al Jazeera, which has earned,'' with obtaining some of the Ligue 1, Champions League and Europa League, a real place in the dissemination of football in France. Whatever the final verdict of the subscription price, which is currently still negotiating with broadcasters, the director of Al Jazeera Sport France, promised a "very attractive price, below market price payday loans."

This is necessary because the fans of round balloons will find in offering al Jazeera Sport to complement the supply of Canal +, which will provide two posters of missing Ligue 1 per day. However, Al Jazeera appears to have won a range of content much higher than it has announced yet. If the Qatari channel has denied having obtained the rights to Euro 2012 and 2016, she would have bought the rights to the Spanish league (still held by Canal +), and is in advanced negotiations for the German Bundesliga and Italian Serie A. And may soon get ahead of the London Olympics.

The first string, called Premium, should disseminate the main posters, said the JDD. While the latter "should provide about 30% exclusive content, the rest are reruns of the first."

ALSO READ:

"Al Jazeera delights the Europa League Canal +

"Al Jazeera denies having secured the rights to Euro 2012

Gone is the political consensus that prevailed in France last year about the need to save Greece. Tuesday, the Socialist deputies abstained on two bills used to be validated by France on European Stability Mechanism (SPM). And Socialist senators will do the same next week. With 500 billion euros, MES must nevertheless serve from July, firewall Standing against the sovereign debt crisis in the euro area.

Socialists do not disagree that the SS as the budgetary stability pact European carrier with greater discipline on public accounts. And they consider that the MES and form a pact. This treaty "as it stands today does not provide strong commitment to growth," said Tuesday, Jean-Marc Ayrault, president of the PS group in the Assembly. A position in line with that of Francois Hollande, who wants to renegotiate the December European, to add a section on growth.

Heavier debt

"The refusal of the Socialists to vote MES is a serious fault which shows their bigotry," retorted Tuesday, Francois Fillon before the UMP group. Anyway, the MES should be approved by France, the Assembly, dominated by the UMP, having the last word on a left-wing majority in the Senate.

The MES is the latest tools devised to solve the debt crisis. It will function as the EFSF (European Financial Stability Fund), it will eventually replace: it will borrow in the markets and then help the troubled country payday loans for self employed. These are the European countries which will mean the MES in equity, to 80 billion euros. France will contribute 16.3 billion by 2017, including 6.5 billion this year. This will weigh down all our debt, which has already reached 1.7 trillion. And this bill is not isolated.

As part of the first aid to Greece decided in spring 2010, France has already lent directly to the country 11.3 billion on a commitment of 16.8 billion euros. Public debt has been weighed down by 11.3 billion.

France will contribute more importantly, valued at 23.4 billion euros, the second Greek rescue plan which should amount to 107 billion euros for euro area Member States. The hex will help the European Financial Stability Fund, which lends to States in difficulties with the guarantee of the Member States. Its borrowings weigh down the public debt. Because of all the commitments of EFSF on Portugal, Ireland and Greece, the French public debt should be weighed down by 38.5 billion. So that the total bill for France's aid to European countries in difficulty should go well beyond 50 billion!

ALSO READ:

"Greece: Europe is finalizing a plan to more than 350 billion

To receive a new grant of the European Union and the International Monetary Fund, the Greek parliament must adopt a new set of austerity measures. Since the crisis began in September 2009, the addition of austerity plans that inflicts Athens in the emergency exceeds the 169 billion euros. Some are new, others have already been passed but have not been applied correctly. Inventory.

More flexible labor market

• To halt the decline in unemployment and improve the competitiveness of Greece, the European Union and the International Monetary Fund require a 22% decrease in the minimum wage. For those under 25 years, the decline will be 32%. Labor costs should decline, overall, 15% by 2015.

• Removal of automatic wage increases, including those generated by seniority.

Savings in the state budget

• Reduced costs of drug expenditure, for 1.076 billion euros. The Greek health system is very large deficit, reform has been underway since 2010.

• Decrease in the defense budget of 300 million euros. Military spending in Greece totaled 4.03% of national wealth, against 2.43% for France.

• Remove 500 mayors. A local government reform was passed in late May 2010 and has already reduced to one quarter the cost of territorial administration.

• 10% of salaries of officials covered by special schemes. From spring 2010, public employees have suffered pay cuts.

• The Greek government has yet to find 300 million euros saved. This is to fill the hole caused by the abandonment of this week the decline of certain pensions pensions, especially the poorest.

Strengthen the tax

• Greece should adopt a major reform of the tax service. It will include recruiting new controllers, multiply the tax audits, computerizing its collection system. An anti-corruption plan will be implemented this year. Tax evasion is estimated at 13 billion euros.

Continuation of the privatization program

• Greece should sell during the first half of 2012 four state-owned companies (gas, water, games, oil). Expected gain: just under 4.5 billion euros. The government has fallen behind its privatization plan, collecting only 1.3 billion euros in 2011, a target of five billion.

Public Service

• Athens will put 15,000 employees in a "reserve labor". They will be paid at 60% of their salaries. A similar measure was adopted last October, but poorly set up according to observers. In Greece, one in five employees is official.

ALSO READ:

"Greece is in revolt against the austerity plan

"Greece pressed to slash the salaries of private

"Greece: rigor endless

Not easy to swap clothes for those of David over Goliath without being criticized. For nearly twenty-five years, Apple has enjoyed the affection – not to speak of passion – to some extent by this small company, the maverick world of personal computers and a thorn in Microsoft Almighty .

In less than a year, Apple acquired the status of the business world's most expensive, top selling smartphones in the fourth quarter 2011, a number of computers at HP (by adding the sales of iPad and Mac) . The Apple brand has always had detractors. Its success has added to criticism, particularly those concerning working conditions in its Chinese subcontractors. These are nothing new, but the good financial results of Apple have redoubled the ardor of his detractors. In late January, the New York Times has published a lengthy investigation dependent, widely broadcast on the Net.

Working conditions of employees of Chinese subcontractors Apple are regularly placed on the hot seat. The U.S. media decry the use of children and failure to follow safety rules (poisonings and explosions occurred in Chinese factories).

Sorry, this video is not available on your device.

At 21, the little genius of the French sprint Christophe Lemaître, maddens the counters … and brands. Sought in recent years by more than a dozen of them (according to the Journal du Dimanche), the Savoyard finally chose mineral water from Aix-les-Bains as the first non-sport partnership (it has already been associated 2007 the Japanese OEM image Asics). A logical conclusion, the sprinter is already three years since the ambassador of the city where he lives and trains.

But unlike the previously mentioned ambassador status which would yield between 4000 and 4600 euros per month, this new association between the rider and the city passed this time by a private group.

Bottle collector bearing the image of the runner

The League of mineral waters of Aix-les-Bains is in fact owned by the Group of the Musketeers (owner of the sign distribution Intermarché).

Mounting amateur, his almost inaudible and characters presented as employees very unconvincing … The video posted by Cora stores on Youtube and Facebook completely misses its mission was to restore the group's image, tarnished by the affair of the cashier accused of theft for taking a receipt abandoned which included a coupon.

This video was supposed to show the brand in a new light. Many people just like to describe in an exaggerated way their "happiness" to work for the group, some 32 years. "Cora is my life," says one of them. "In a year I would go to retire and I would say thank you Cora," said another. Some speak about the controversy surrounding the case of receipt, "it saddens me a bit because it does not reflect what I saw on a daily basis no faxing 1 hour payday loans."

The implied question by the cashier of the case are also there: "I was very surprised that an employee fired for that is done, because Cora must go there to get fired. After I think we may not be aware of everything, there was a particular version, "said a young man shot in front of a coffee machine.

Perverse

On Youtube, Cora says, "This video was shot by the employees themselves" Saturday, October 29 following the controversy over the store Mondelange. " But users do not. Worse, they are unleashed on the Facebook page of the sign: "How dare you take the Internet for idiots?", "What propaganda two cents!", "Your approach is crude, stupid and really pathetic," " against your attack is an incredible mediocrity.

In the wake of a meeting of euphoria all financial markets worldwide, the U.S. equity markets should catch their breath on Friday. Yesterday, relieved by the adoption of an anti-crisis plan in the euro area, Wall Street has ended sharply higher, the Dow finishing with a surge of 2.86% to 12,208.55 points. The Nasdaq climbed meanwhile to 3.32% at 2738.63 points and the S & P was up 3.43% to 1284.59 points.

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.

Berlusconi response. In a statement on Monday evening, the Italian Prime Minister was angry: "Nobody has anything to fear from the third European economy and the extraordinary founding of the European Union" which is the Italy. He added: "We honor our debt regularly, we have a primary surplus [excluding debt interest] more virtuous than we and our partners will achieve a balanced budget in 2013."

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.

ALSO READ:

"Spain, Italy and Belgium in the viewfinder agencies

"The exposure of banks in Italy does not worry yet

"CRISIS SPECIAL: Fear of debt