Daily International Headlines

The one that Sunday was a "very very big niche tax" that deserved a helping hand plane finally spared. Baroin, Budget Minister returned to his whims and confirmed on Wednesday in an interview to Le Parisien / Today in France that the government would not reverse the reduced VAT rates for restaurants given a year ago.

"This measure is maintained" said the mayor of Troyes. "If it must be questioned, the debate will take place during the next presidential election," he added.

10 billion savings

It must be said that the budget minister no longer had much choice. Tuesday morning, his minister, Christine Lagarde, had hammered on RMC and BFM-TV that the reduction in tax loopholes would not affect the VAT at 5.5% of restaurant owners.Baroin will have to find other niches planing to recover 10 billion euros economy expected by 2013. The minister on Wednesday gave few tracks a bit fuzzy.

Besides the movement of the plane 10% on tax loopholes previously announced, it confirms the non-replacement of 100,000 civil service posts (3 billion savings), reduced operating costs (2000000000), the reduction of lifestyle State … Baroin explains that this is the second round of general revision of public policies.The first, launched in late 2007 as it would have to generate 7 billion euros.

ALSO READ:

The 5.5% VAT on food challenge

The reduction in VAT in the catering numbers

"The tax loopholes planed 8.5 billion

"Restoration: more than 20,000 jobs since a year

"Resto: VAT rate maintained (Lagarde)

The instant cash loan packs in it so great variety of advantageous features that after knowing about this no one will feel like saying no to it.

Good news for residents of 133 communes in the Ile-de-France. The new contract for water distribution unsurprisingly won Thursday by Veolia provides a decrease in the price of water in the order of 6%.

On its website, the union of the waters of Ile-de-France (SEDIF), explained that the tax price per cubic meter fall under the responsibility of end December 2010 from 1.75 to 1.51 euros or 1.41 euros , following the return or not nine municipalities in the SEDIF. A decrease of at least 14% plus taxes, which amounts to 6% taxes, according to Le Parisien on Friday.

The new contract also provides for the creation of a multi-rate habitat option that will allow residents of an apartment building to "benefit from rates close to those living in individual homes. The union figure to 19 cents per cubic meter of savings for consumption of 180 cubic meters.In return, the affected households will pay a quarterly subscription of 5.72 euros on 1 January 2011.

Other measures under the contract, an amount of 2.5 million euros devoted to households in difficulty should be established. 1% of revenue from water sales will be allocated according to the statement from Veolia. Tariff escalation in the volume of water consumed should also be introduced.

A highly concentrated market

According to André Santini, President of SEDIF and deputy mayor of Issy-les-Moulineaux, is "the price" that made the difference in the manager's choice of water in the Ile-de-France for the next twelve years. For this mega-contract that represents a combined turnover of around 3 billion euros, the offer of Suez Environment has been ruled out from the month of May in favor of Veolia Environment.Leading distributor of water in France, with 24.6 million users, Veolia is already holder of the Paris agreement since 1923 and is now committed until 2022.

Lack of competition in the market for water distribution in France is regularly singled out by the Competition Council. Some cities are returned to management in public ownership (without going through a private company), as Paris at the beginning of the year. Yet, according SEDIF is "the direct competition between candidates" who has achieved this "significant decline" in prices.

However, the issue of price allow the investor indifferent. At the Paris Stock Exchange shortly after 9:30 am, the title Veolia Environnement rose 0.46% to 20.955 euros on a market up 0.44%.

ALSO READ:

"War of the water in the Paris region

All the tourist industry, from airlines to the tour begins to make the accounts of the unprecedented crisis caused by the closure of almost all European airspace. "We try to anticipate any difficulty in having the head to the grindstone," said a spokesman for New Frontiers, a leading tour operator in France, highlighting the unpredictability of the coming days.

According to Civil Aviation Organization (ICAO), the economic impact of this event will exceed the attacks of September 11, 2001. A disaster for the aviation sector since 2008 through one of the worst crises in its history.Last year, according to the International Air Transport Association (IATA), which comprises companies in the world, the profession has seen its sales decline overall by 79 billion dollars, for a cumulative deficit of more than $ 11 billion.

150 million per day

The impact of "cloud" is not precisely calculated. The best estimates varied circulate. For airlines, the paralysis of traffic would cost 150 million euros a day, calculated IATA. Since last Thursday, 63 000 flights have been canceled. Individually, the companies refused, however, any evaluation. "The priority is to deal with passengers suffering and how we can gradually replace the system," said Air France-KLM. "Economic issues will be discussed in a second time," says its director general, Pierre-Henri Gourgeon.However, rumors of an exceptional aid to the sector at the European Union had already begun to circulate yesterday.

50 000 French customers of tour operators are currently stranded abroad on a total of 150 000 nationals concerned. Between 150 and 200 strokes would be required to return. But he estimates would be "rough estimates", as the Secretary of State for Transport Dominique Bussereau. "It is quite premature to make a statistical report therefore considers it in New Frontiers. For now, it's about being as pragmatic as possible. "

Tour operators vulnerable

Businesses, however, see them evaporate in anguish turnover of the Easter holiday.On Friday, the union of Tour Operators (Ceto) has urged the government to organize the repatriation of passengers stranded abroad, whereas the tour operators could not afford to do so. "We ask for government help, otherwise it's bankruptcy," said Rene-Marc Chikli, president of Ceto. To which Dominique Bussereau countered Saturday he belonged to the tour operators take their responsibilities in taking care of their customers. "Outrageous! Jean-Francois was outraged Rial, CEO of world travelers. I do not see how the operators should be held solely responsible for something beyond their control. "

In practice, most operators support the "Logistics" on the spot. They negotiate with their partners than usual hotel preferential terms to facilitate the extension of stay of French, whose flight home was canceled.But it's the clients that support these costs. A company like Corsair back his customers at airports that have opened in the south of France. Then, tour operators are in charge returns to the point of origin. The Ceto yesterday negotiating these issues with the SNCF and bus companies.

Force Majeure

For customers in France, whose flight was canceled, the tour operator offers them either a postponement in the context of a "package" flight and stay, or a credit. In both cases, the tour operator is responsible for finding solutions in six months. "All changes are possible, our crisis is already working to refit program," says one in New Frontiers.For flights "dry", customers must look to the airline.

Legally, tour operators are covered because it is a case of force majeure, an external event, unforeseeable and irresistible. As such, they have no obligation vis-?-vis consumers. But in practice, tour operators who neglect their customers too liable to break their image. That is why they choose to postpone toll under the "commercial gesture".The financial bill may be steep.

Awaiting the return to normal, a working group should meet at Bercy today or tomorrow "to appraise the economic consequences on affected areas.

ALSO READ:

"Volcano: improvement in sight at the end of the week

"Nailed to the ground, airlines impatient

"POLL – Precautionary measures against the cloud Do you consider excessive?

"YOUR EVIDENCE – You need to take the train or plane and you have to cancel your trip, how you organize yourself?

For several weeks, the entire energy chain in France saw the pace of the progress of the bill dedicated to the new organization of the electricity market, known as the Nome. His goal? Encourage competition through the sale of EDF by a significant amount, especially at attractive prices, energy from nuclear sources. The trajectory is abruptly accelerated, since the text has been forwarded to the State Council.

The case is crucial and crystallized many tensions. Just arrived at the head of EDF, its new president, Henri Proglio, has also expressed its deep opposition to the bill. No matter to him that the public enterprise "subsidizes" the other operators.But Francois Fillon, who promised in writing to Brussels in favor of increased competition on the French market has held firm.

After review by the State Council, the text should be presented to Cabinet in April, then come before Parliament for a vote before summer. However, the law will not be applied before January 1, 2011: in the meantime, orders will support the device.

EDF will make available to its competitors about one quarter of its production of nuclear or 20% of the electricity produced in France. At what price? The question is there.

For alternative suppliers, the price should definitely be competitive, otherwise void the reform. In other words, this "controlled access to the database" that will enable EDF should they believe correspond to the share of nuclear generation in the regulated prices for electricity.It now stands at approximately 34euros megawatt hour.

In contrast, after EDF, the price used must also include investments needed to maintain and expand its fleet of plants. And therefore be set at a higher level.

After his latest discussions with the government, the incumbent appears to have been heard instant payday loan. The sale price could be higher 40Euros megawatt hour. While discussions will continue and if the law establishes the broad principles of reform without specifying precisely the price, EDF is doing rather well.Experts have already done the calculations from 38euros megawatt hour, the new organization of the electricity market is beneficial for the public company.

Reorganization of the nuclear industry

EDF can also derive some satisfaction on another folder during the reorganization of the nuclear industry, which must lead, running April to award a long-awaited report. Francois Roussely, former President of EDF, has been charged with this mission by Nicolas Sarkozy. It is, after the failure of the bidding in Abu Dhabi, to determine the role of the individual companies: EDF but GDF Suez, Areva, Total or Alstom. Its conclusions are not yet public, but unless big surprise, the report Roussely should insist on the rule of EDF as a carrier pilot in the sector.

Some observers see this as a double victory for Henri Proglio.Other, more nuanced, analyze the evolution of the law Nome as a counterpart to the design of future roles.

The leadership on the nuclear industry, readily interpreted as a wish of EDF, is proving very costly indeed. This includes mobilizing teams on contracts that are not necessarily included in the strategy of the public company, as was the case in Abu Dhabi. So from the moment the public company would be formally chosen to lead "Team France's nuclear, some believe there is no question of imposing an unduly harsh treatment by law Nome.

ALSO READ:

"Public debate on a second EPR

"Nuclear: The report tracks Roussely

It's a tradition. The low-cost companies stigmatize the benefits of the former national companies who claim themselves of differential payroll with low costs.

The Association of European low-cost airline called in Brussels on Wednesday to launch an investigation into state aid granted to Swedish companies SAS, Malev Hungarian, Czech and Spanish Spanair CSA. In France, it was easyJet, which folded this year on Wednesday, declaring that the new policy of economic regulation that prepares Aeroports de Paris (ADP) continues a tradition of support to Air France.

ADP, which froze the royalties in 2010, proposes an average increase of 1.38% per annum from 2011 to 2015. But the freezing of airport charges in 2010 because of the crisis, conceal lower landing fees and parking a share, offset by an increase in passenger fees other."This pricing policy penalizes low-costs that have high rates of filling and favors Air France going for her clients in aircraft to three quarters empty for the lead on its hub," explains Fran?ois Bacchetta, CEO of easyJet in France. He said the British company pays royalties for a larger Paris-Toulouse full 85% Air France aircraft with a full 70%.

Competition with Air France

Questioned on the subject, ADP recalls having spent half of its 3 billion euro investment from 2006 to 2010 in the development of its terminals. "It is normal that the passenger charge to follow this evolution," said a spokesman of the group.

The British company also points a possible loss of the French network.The maintenance of this system of royalties could, she said, forcing her to abandon branch lines, more economically risky and focus on the most profitable routes in direct competition with Air France.

This strategy of direct competition with Air France is special easyJet, unlike Ryanair, which focuses on regional airports and routes not served by Air France. easyJet has opened a dozen roads in France since the beginning of the year and announced it will always profit at the end of the year.

ALSO READ:

"ADP is considering a resumption of growth for 2010

"The traditional airlines are forced to race in the size

In the lounge Actionaria, individual shareholders are smiling again. This Friday, November 20, the jostling in the aisles of the exhibition of the Exchange is open until tomorrow evening. The event, held at the Palais des Congres de Paris, Porte Maillot, meets all the financial players: listed companies, banks, brokers, financial media and individual investors.

The companies explain their latest results and present their strategy. On this occasion, small shareholders can meet with leaders of companies. Thierry Le Henaff, CEO of Arkema, goes every year on the show: "This is a very privileged that we can dialogue with our shareholders, and raise their expectations," says he.

Banks, home management and Internet brokers have their products and services.Some offer free training to enable individuals to master the new financial tools (eg CFD) and to discover new markets (such as Forex, the foreign exchange market), with the opportunities and risks of their own.

Individual shareholders Actionaria come to find explanations for technical information on a specific company or even counseling. The appointment creates the most opportunity to take the pulse of the market. "Among the questions we are asked most often, there are particular questions about the soundness of banks, and the prospects of the market," explains Benjamin Villegas, broker trading room at IG Markets in London. Regarding prospects for the CAC 40, the expectations are shared: