Daily International Headlines

"The euro is a rock against the crisis. "This declaration of Gylfi Arnbjornsson, President of Iceland's largest union, released in turmoil in the euro area, out of place. "While a small floating national currency increases the flexibility and affects employees," he insists. Bryndis, she does not believe more in the EU and the euro area. "It does not work. The crown, however, allowed us to emerge quickly from the crisis, "said the young woman, who works in a bookstore, very committed to the sovereignty of his country. These two strong views illustrate the gap between pro-and anti-Europe.

Iceland began on June 27 last formal negotiations to enter the European Union. At the end, Icelanders will vote in a referendum.The challenge for the small island in the far north that is just three years of severe recession, is to join the single currency.

The debate in Reykjavik is far from settled, including the center-left coalition government, like the Minister of Economy Social Democratic supporter of the euro and its counterpart of Finance defends the virtues of the crown.

"The devaluation of over 40% has boosted the competitiveness of our exports. The gain exceeds the final cost. Unemployment would have been much worse, "says Green Minister Steingrimur Sigfusson. With two key economic sectors: aluminum and fishing account for 80% of exports. In this land swept by the waters and winds so imposing nature, the farm lobby and fishing make their voices heard. They reject the decisions of Brussels and its quotas.Yet, in fact, Iceland is already integrated into the European Union.

The case "Icesave" three years ago that poisons relations with Great Britain and the Netherlands also maintained Euroscepticism. The State has spent 15% of GDP to save its national banks but refused to compensate the foreign customers of the bank Icesave, bankruptcy. An early decision of the European Court of Justice could force Reykjavik to set the slate of 8 billion euros. "The bank Landsbanki has the means to repay by selling its assets revalued since the crisis," said the minister.

Indebtedness

Three years to regain control of the IMF, the economy drastically, radical restructuring of the banks have put the country on track for growth, helped by a crown devalued on line pay day loans.In the field, if the maintenance of a welfare state and the strength of social ties, related to the geography of the place and its small population, have reduced the impact, the crisis is far from over. Reflecting Hildigunnur Sverrisdottir, 35, architect, married with three children. "We are living a nightmare, every month, our debts pile up, we have no visibility and perspective," she confesses.

This family alone synthesizes all the symptoms of the crisis Iceland: Hidlig lost his job after the explosion of the housing bubble, the couple bought a house at full price. They chose a loan in foreign currency – yen, Swiss franc and euro – more attractive as deemed stable and offering lower interest rates. This not to mention local specificity to index mortgages on inflation, which reached its highest, 18%.Result, many Icelanders have seen the value of their loans soar. "In my generation, everyone has lost an average of 10 million crowns," says Hubert Koziet, who suffered a pay cut and an increase of one third of its credit.

Unable to repay their credit, Hidlig and her husband were offered a government program, reserved for owners 13 .500, which is to cap credit 110% of the value of the dwelling and convert crown. "We do not know what to do, we are still negotiating with our bank, we do not rule out leaving the country. Many of our friends, architect, engineer, accountant … went to Denmark and the United States. "

Counter the brain drain and attract new investment, are the future challenges for sustainable growth in Iceland. Because the economy remains crippled by capital controls and political instability.Ironically, today is not money that is lacking in the small island – banks are full of capital that the Icelanders and businesses could exfiltrer abroad – but it suffers from a lack of confidence in the future and the political elites.

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On May 15 the "outraged" Spaniards camped in the square of Puerta del Sol in Madrid. Borrowing their name to the pamphlet by Stephen Hessel, they said they were inspired by the Arab Spring to shout their rebellion against the explosion of unemployment and austerity policies implemented by the government … Since then, the challenge has been extended in the rest of Europe but also overseas. Five months after the birth of the movement in Spain, in 82 countries is that these "outraged" will show this Saturday, October 15. Zurich to New York, to Rome, Tijuana, Hong Kong and Johannesburg, calls have been launched in 951 cities worldwide.

Their message to politicians and financial elites, as can be read on the site 15october, is: "The powers that be working for the benefit of some ignoring both the will of the majority that the price human and environmental we pay. This intolerable situation has to stop. "On the site of the movement Occupy Wall Street, the tone is the same:" The thing we all have in common is that we are the 99% who will not tolerate any longer the greed and the corruption of the remaining 1%. "In Italy, the program is summarized as follows: "Occupation of public places by millions of people who do not want to pay the enormous economic and social crisis in the place of those who have caused: political power industrial, economic and financial" .

No central authority

This day of action is to cross an important milestone in the movement, which now acquires an international dimension. "It was needed to make weight against the power of financial markets that operate on a global scale," says Sophie Banasiak, "indignant" Paris.

However, there is no central body to coordinate the different actions. "If the collective Democracia Real Ya played a leading role in the initial mobilization in Spain, he does not prevail, either in the capital of the country or world, Heloise said Nez, a sociologist at the University Paris 13.Many groups are working together, but none have hegemony over the movement horizontal and egalitarian aims. There is no visible head and outraged caregivers to regularly change the voice. "

"If someone asks you 'who is behind it', they reply: 'I'" retorted on those who seek the organizers. The spread of a city or country to another must be spontaneous, for emulation. A process greatly facilitated by social networks, where multiple keywords are emerging, such as "yeswecamp", "# yosoy15O", "# event15oct" or "# Globalrevolution" … "I do not even know exactly who launched the idea of ​​the October 15, recognizes Spyros, OccupyLSX supporter of the movement in London.We have seen that call for Saturday and it was inspired by the movement Occupy wall street to do the same thing here. "

Specific demands of each country

If dissatisfied with the world found common denominators, claims and complaints are divided again according to national issues. In Spain, Real Democracia Ya accent has been on the reform of the electoral law to end the two-party system as well as stopping the evictions of indebted owners. In Anglo-Saxon countries, it is mainly finance, pointed as responsible for the crisis, which is targeted. Witness the names of the movements that develop, "Occupy Wall Street" and "Occupy London Stock Exchange (OccupyLSX)." In Israel, the mobilization is the expensive housing while in Italy, the outraged refuse to pay "a debt they have incurred."But all these central issues do not prevent each protester to express other concerns. In Spain some point impunity surrounding crimes of Francoism and the United States is denounced police brutality or the death penalty …

Above all, each city retains its autonomy: information flows globally, but "decisions, they, are taken at meetings in every city, Banasiak said Sophie. Each city chooses its own way of decision. In Paris and Madrid for example, is the consensus. The international dimension does not change the fact that the essence of the movement is local: it is in the physical encounter and dialogue in the streets. "

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"Today I am very happy that the rights of passengers are finally recognized," says Celine Cloquet-Claret. The acupuncturist Lyon, aged 33, welcomed the decision of the District Court of Paris, which proved him right in front of the station in a case of delayed train. And, although it has not affected the Euro 4044 she claimed: 3000 euros for moral damages and 1,044 euros in fees for these professional meetings. "The most important thing is that I have made my day pay off," said Celine Cloquet-Claret in figaro.fr.

The traveler asked for 4000 euros

In addition to the refund of his ticket, the SNCF will pay € 300 in damages for hurt feelings and € 500 in court costs. Is "approximately 900 euros payable immediately," according to his lawyer David Metaxas. This amount does not fully cover the fees it would receive due."This difference is explained by the fact that we could not account for the entire injury," said the lawyer figaro.fr. Five other passengers the route Paris-Lyon filed a writ of summons and also claim the same amount "equivalent to a day's work," according to counsel for the National Federation of Associations of transport users.

Background: Friday, January 8, 2010. As every week, the young woman took the train to Lyon to 8 hours to Paris where she planned 12 treatments of the Beauty of the Hotel Majestic. Fifteen minutes later, the TGV stops. "After two hours, we were told it was a problem on the overhead line, but we say when it would be resolved," she says. After seven hours, the train leaves for finally coming into Gare de Lyon to … 4:32 p.m., when he was supposed to arrive at 10:03.Meanwhile, the acupuncturist has lived a nightmare. "It was getting cold and I could not tell my customers I was late (because of the catenary problem, heat and phones do not work)," said she easy payday loans. Then comes lunch. The station serves meal trays. "But there were only 150 to 300 passengers and I could not eat," she says.

"These assignments will multiply"

Furious, the girl immediately returned to Lyon. "I lost my day, she says." And money: 1044 euro, the amount of his fees for the twelve sessions. The envelopes distributed by the station for a refund the ticket does not cover that amount. On the advice of his lawyer friend, she decides to press charges. His lawyer believes that the station has breached its contractual obligations, "the obligation of punctuality" and "the requirement of safety and information."According to him, a broken overhead on the network, causing disruption of traffic, is not a case of force majeure. "This kind of delay can not be seen as unpredictable, it happens all the time," says the lawyer. He added: "Beyond the delay is the way the station handled the things that is problematic: it does not inform the passengers, they are left without heating or hot drinks, we do not offer evacuate them. "

Anyway, this new case comes a little more tarnish the image of the station, faces many delays in recent months including that of the famous night train from Port Bou-Strasbourg / Nice arrived with more than 24 hours after his departure. For two other stories of late, two lawyers had also won their case against the company several months ago. "These assignments will multiply, says Mr. Metaxas. Users have had enough.Subscriptions are too expensive and their purchasing power decreases. Through these victories, users must realize that they can recover more than just a ticket refund. "

"There are two ways to bring artists in a festival. It depends if you have money or if we have not. " Here's how CEO François Floret and coprogrammateur Festival Route du Rock in Saint-Malo (from 12 to 14 August 2011), summarizes the difficulties faced by the organizers of summer music festivals at the time to place their programming. Because the area is changing for ten years.

Faced with the collapse of record sales, artists tend to want to catch up on their live performances. In recent years, the stamp of a headline average doubled from 100,000 to about 200,000 euros concert . Two years ago, the claims of artists such as rock bands Radiohead and the Arcade Fire could reach 500,000 euros a night delivery. A luxury that the Route du Rock, after more than 20 years of existence can not afford.Especially since the philosophy of the festival "has always been focused on the discovery of new talent," says its director.

A total of 340,000 euros per year are devoted to the artistic, or just over 19% of the annual budget of the event. Festival Rock en Seine in Paris (from 26 to 28 August 2011), this percentage reached 33% on a budget of 6 million, for a festival attendance of 105,000 in 2010.

Few artists have their own agents

To perform their scenes, organizers go through the special agents of the artists. But in most cases, they must go to production companies (the "turners") who sell the show, usually including travel, by winning 15% of the sale. Remains the responsibility of organizing the cost of hotel and catering.The financial balance of a music festival, big or small, is always delicate balance between inflation of stamps and need for headliners known to attract an audience often more sensitive, especially in times of crisis, to "safe bets".

Especially as competition from large foreign festivals like that of Open'er in Gdynia (Poland), heavily sponsored and line art more variable, contributes to the inflation of the claims of artists and the business side of an event. This year's Route du Rock will receive about 17,000 spectators to reach its equilibrium point. To get to lower costs artistic, the organizers can sometimes rely on the recognition of certain groups. This was the case last year, where the rock band The National has made a financial investment for their third participation in the Route du Rock, who has made known in France in 2005.But these returns elevators are rare, "artists tend to quickly forget their ideals of youth" deplores François Floret.

Artistic expenses under pressure

More confidence in the festival of the summer Vaour (Midi-Pyrenees), the artistic budget does not exceed 28%, 5% for the music (about 10,000 euros). Again, the trend in the price of contracts bought production companies are on the rise. No need to be an international star in setting its prices. "We can see, especially for groups that have no problems selling dates, says Sylvie De Sousa, in charge of music programming of the festival that drew in 2010, 18,000 people in nine days. Those who have more difficulty selling their shows make an effort. " The average cost to the organizers groups received between 800 and 1300 euros per service.And the festival should be more attention to his artistic expenses, some concerts are free.

Finally, the last festival that highlights specific financial issues, the uniqueness of the service provided. Artists to bring only one date is in fact a greater financial effort, where the organization of a tour allows you to spread fixed costs over several dates. A show to 1500 euros per day on tour will be up an average of 4000 euros for a single date.

Theater festivals are much more subsidized

In terms of theater festivals, the financial efforts of the programming is even greater. "Music festivals generate more ticket revenue for those plays, because they mobilize a public far more numerous. Which is also the case for ancillary revenues (bar, derivatives).In the end, the part flow from music festivals, especially the general public is much stronger, "said Jonathan Fox, the head of the theater program of the festival Vaour. In addition, the confidential nature of the discipline is also in this sense, although of lesser importance.

On the other hand, the troops come for several performances, which smooths the cost over several days. Ultimately benefits of a theater festival like the summer of Vaour range from 500 to 3000 euros, "the notoriety aspect of the company also playing its role," says Jonathan Fox. By comparison, a one-man show in Paris like the comedian François Rollin costs between 5,000 and 10,000 euros. These characteristics explain why the sector is generally far more subsidized. For example, 22% of the budget of the festival of the summer of Vaour comes from public subsidies.

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From 1 January 2012, the right to share from 1.1% to 2.5%. Thus decided on Wednesday the deputies and senators met in joint committee (CMP) to find a definitive agreement on tax reform heritage.

This measure is not trivial. For divorcing couples and share their property must pay this right to share, whatever their matrimonial regime. This tax is also due by the heirs, at the distribution of the estate, and at an inter vivos gift (for donations reinstated earlier this occasion).

With this increase, the state will recover about 300 million euros, mainly at the expense of 130,000 new annual divorced. So, a couple who owns property, net of debt, must pay 300,000 euros to 7500 euros right to share next year.If he had divorced this year, his bill would have been only 3300 euros. Problem: the reform of the ISF was supposed to be financed by the wealthy … "I can not find normal tax increase during a difficult time of life," said Benoit Renaud, president of the Superior Council of Notaries. This increase in risk-sharing law to push further the heirs to remain undivided and discourage donations sharing. At the risk of creating conflicts in the future. Finally, it is not impossible that many divorced choosing to sell their property and to divide "sneak" the money, without an act of sharing history to evade taxes.

In addition, the CMP identified in 20% to 25% inheritance of life, are transmitted to beyond 902,838 euros per unit, after deduction of 152,500 euros. And validated the smoothing mechanism for donations.The government increased from six to ten years the time between donations, or between a gift and an estate eligible for tax relief. To mitigate the shock of the transition from six to ten years, MPs and senators, have developed a system for smoothing. The Senate was selected CMP. Specifically, the deduction on the value of the donation will be 10% for a donation of six years old, 20% for a donation of seven years old, 30% for a donation from eight years and 40% for a donation dating back nine years.

The agreement on the tax measures found in the CMP must still be approved by the Assembly and the Senate in session July 5. However, this validation should not be a problem.

How to raise potential growth of France? The question for the Centre for Economic Analysis (CAE) – which depends on Matignon – trying once again to respond, this time taking a new dimension: the answer must now take account of financial and economic crisis that has struck down most of the world and considerably tightened budget constraints.

For France to regain competitiveness, the report – Philippe Aghion, Gilbert Cette, Élie Cohen and Mathilde Lemoine – start with going against the fashion of the moment: German copy. "The surplus comes from a German foreign competitiveness gained at the cost of wage restraint imposed over the past fifteen years.This experience is difficult to generalize to all European countries, "they wrote in the document presented yesterday to Secretary of State for Foreign Trade, Pierre Lellouche.

Spend wisely

The report calls for "focus on policies that have a strong effect on medium and long term." And it puts the focus once again on the traditional weaknesses of France: it must develop "a policy of investment in higher education and R & D", more flexible markets for goods and labor, secure career paths, and support the development of dynamic sectors, "such as healthcare, cleantech instant payday loan."

But the authors do not simply advocate new policies. They also raise the funding.Due to budget constraints, they provide should proceed "not a net increase in spending, but a shift of the latter." That's why they point the savings could be achieved by reducing or eliminating certain tax loopholes – the most expensive – and this "despite the inevitable discontent that such measures would generate." And include the reduction in VAT on the restoration and construction, as well as the tax exemption of overtime, which has "not had the desired effect in terms of job creation."

Spend yes, but smart. Intervene "targeted". It's "third way" – between austerity and high expenditure – proposed by the authors. A path that could, in their opinion, report three fourths of GDP per year in potential growth.

It is a trend reversal. With 73,259 enrolled in college, the number of pharmacists in activity fell from 73 people last year. The decline is certainly symbolic, but so far, enrollment proceeded.This change is due to arrive at retirement age (63 years on average) generations of baby-boomers, a numerus clausus remained low until 2004 (2250 persons), and "evaporation" of 20.1% of pharmacy students to other sectors (cosmetics, food …), which worries the Order.

The numerus clausus was gradually recovered to 3090 students per year since 2008 but, given the length of study at least six years-and-baby-boom is not over, the College expects a stabilization of the workforce over the next few years, then a "probable regression" around 2020.

116 pharmacy closures

In detail, in 2010, the number of pharmacists working in the drug industry, from wholesale distributors, hospitals and overseas still rising slightly.It is in pharmacies (pharmacy owners or employees) and biological laboratories that troops are less numerous.

The consequences however are far less worrisome than physicians, who are free to locate wherever they want. This is not the case of pharmacies, subject to a "law of demo-geographical distribution" since Vichy. Admittedly, 116 pharmacies (approximately 22,500) were closed last year, but "mostly in urban areas, where their density remains high." With an average of one pharmacy per 2800 inhabitants, and 43 pharmacies per 1000 square kilometers, "there is no desert or pharmaceuticals in rural areas, or in sensitive areas," says the College.An argument for pharmacists who, faced with the erosion of their margins on the sale of drugs, argue that they may be assigned new missions nearby health, could mitigate the problem of medical deserts.

The College-chaired by a woman, Isabelle is also Adenot-increasing feminization of the profession last year, exactly 66.67% of pharmacists were pharmacists. The proportion rises to 76% for hospital pharmacists and 82% among pharmacists assistants (employees). Finally, increased job insecurity is also reported, with a jump of 9% last year, the number of temporary staff pharmacists in pharmacies: they are now 3700.

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The CAC 40 dropped to below 4000 points on Monday. It is even more rowdy than last weekend. Halfway through, the Paris index digs its losses and was down 1.82% at 3918.07 points. This morning, Asian stock markets operated in the dark red, especially with the Nikkei falling more than 1.5% and the Shanghai index, which lost more than 2.4%. Friday night, Wall Street also ended in negative territory. Global markets are again worried by the European sovereign debt.

At the end of last week, two bad signals were launched: the degradation of three notches, to note the long-term debt of Greece by Fitch and placed under negative outlook from that of Italy by Standard and Poors.While in Spain, the protests continue for a week and local elections gave the losing party of José Luis Zapatero.

Elsewhere in Europe, still in the middle of the session, the Dax in Frankfurt dropped 1.89%, the FTSE in London, 1.78% and the Milan Mib fall of 2.99%.

A single digit to follow on Monday, the flash PMI for the month of May. The growth of activity in the private sector in France has slowed slightly in May to 60.5 against 62.4 in April, partly due to a slowdown in manufacturing, according to the survey Markit. The rest of the week looks very busy, however, including tomorrow's business survey in industry, employment figures Wednesday and the consumer confidence Friday. The Ifo index in Germany will be known Tuesday.American side, sales of new homes will be followed tomorrow, and the expenses and incomes of households, Michigan index, and promises of sales Friday.

In addition, while the battle over the estate of Dominique Strauss-Kahn to head the International Monetary Fund opens on Monday. And a G8 summit will be held Thursday and Friday next, to address among other issues on the major recommendations of the Internet, meeting tomorrow and Wednesday in Paris.

The euro hit by debt

Also concerned by the debts, the euro depreciates. The single currency fell heavily against the dollar Monday, falling below the $ 1.40 for the first time in over two months. About 11:00 am in Paris, the European single currency was worth 1.3982 dollars against 1.4155 dollars on Friday night.

No publication of French company is expected Monday.Veolia mechanically declined from 2.64% amid dividend payment of 1.21 euro.

For his part, Alcatel Lucent yields 2.75% and 2.74% Schneider. The bank is also struggling: Agricultural Credit folds of 2.63% after S & P lowered the ratings of the bank heavily exposed to Greece, Societe Generale, 1.70% and BNP Paribas 1.53% .

Carrefour is the only value of the CAC 40 in green and gleans 0.23% by mid-session. The group has hired investment bank Lazard to consider merging its Brazilian subsidiary Companhia Brasileira de Distribuicao with (Grupo Pao de Acucar, GPA), a local leader in distribution, could be read in the Journal du Dimanche.

On the SBF 120, there are three values ​​in the green outside Carrefour: Yellow Pages: + 0.27%, EDF EN, + 0.04%, and Biomerieux: + 1.05%.

Europacorp is 0.94%.The film Tree of Life, which received the Palme d'Or, was produced by William Pohlad, distributed by Fox Searchlight, and Summit Intenrational Europacorp.

Note also, side companies, only four years after his last investigation, the Court of Auditors notes in a report that the financial situation of the social institutions of electricity and gas has further deteriorated. EDF (-1.20% to 28.40 euros) is directly concerned.

Also monitor the values ​​in the aviation sector while another Icelandic volcano woke up this weekend. A cloud of ash could reach France on Thursday.Air France KLM fall of 3.79% after the first information that emerged from the black box flight from Rio to Paris créashé two years ago.

The Malaysian low cost airline AirAsia was ready to order more than 150 Airbus (EADS: -0.62% to 22.58 euros) A320 Neo (re-engined), with new engines more fuel efficient, for $ 13, 6 to 15,900,000,000 dollars, reported Monday the daily Les Echos. Furthermore, side EADS, Daimler hopes that the German state into its capital.

Renault (-1.91% to 38.72 euros): the state could benefit from replacing the number two automaker Patrick Pelata to advocate for reform at the head of the group according to Les Echos.The state would have more influence on the industrial choice and limit the power of Carlos Ghosn in particular through the recruitment of new blood.

If the court gives due Monday at the Association of Defence of Minority Shareholders (Adam), Hermes (-0.88% to 174 euros) could lose control of its general assembly on May 30 in favor of LVMH (-2 52% at 116.0 euros).

Michelin (-0.84% ​​to 62.40 euros) intends to market within three years for a tire which sets itself in the event of a puncture.

The bronce Carlos Ghosn announced cons did not take place Friday at the general assembly of Renault. It took over an hour and a half presentation in the greatest calm of the group results and its strategic plan, followed by a real show on its future models, so that after a few innocuous questions manhandles the shareholder CEO by asking this question: "Why have you not resigned" after the fiasco of the true-false espionage?

Part of the room applauded his audacity. Carlos Ghosn did not answer himself, but left that task to Marc Ladreit de Lacharriere, director of the group and chairman of the governance.Lapidary, it said that after considering the report of the audit committee analyzing the failures of this case, "unanimity, the governance committee has indicated that there was no reason to propose the resignation of its president. "

Asked about the consequences of this case on the group's image, the CEO chose to use the expertise of Steve Normann, Director of Marketing and Communication. It finds no effect on the perception of patterns, but found "that the company's image is affected," with "many good and bad opinions."

Clumsy communication

Regarding the departure of Patrick Pelata, the number two manufacturer in the front row, and which the CEO has sent his "heartfelt thanks for his contribution" to the company, it "does not undermine the achievement of the plan," Carlos Ghosn has hammered.The recruitment process for his successor was hired, but no date has been announced for appointment. The name that circulates as Renault is one of Carlos Tavares, current director of the Americas Region at Nissan.

Undeniably, the group, whose communication was particularly awkward during the crisis, demonstrated skill at this meeting. From the start, Carlos Ghosn has defused the potential aggressiveness of the hall citing "two crises that have affected the company very differently: the attempted fraud intelligence," referring to the spy case, and Japanese disaster.

The CEO reiterated that the three fired executives would receive compensation at the level of injury, the amount was not specified, but about 8 million euros, adding the amount paid to a fourth frame unfairly dismissed in 2009.Moreover, Matthieu Tenenbaum, the most senior of the three unjustly accused has agreed to rejoin the group and the technology center will be next Monday.

All Executive Committee members were present behind a table on the dais. Consequence of the case, two have entered earlier this month: Marie-Francoise Damesin, director of human resources, and Mouna Sepehri, Deputy Director for the presidency. Behind them were exposed as two concept, Capture, and A-Space, supposed to represent the revival of the style of the manufacturer and the electrical Zoe, 2012.

Shareholders have expressed fatalistic

Finally, to satisfy its shareholders, Renault, which had not assigned a dividend last year, will pay for 2010, 30 cents per share.

On leaving the room, some shareholders who were unable or unwilling to speak publicly showed themselves fatalistic."Logically, Carlos Ghosn should have resigned," growls one of them. "Yes, but how to replace a pattern of this caliber?" Responds his neighbor. "I expected a more virulent meeting, but Renault has smoothed the event and Carlos Ghosn has shown a good sense of tactics in addressing the matter himself at the beginning."

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In Paris, investors want to turn the page on Tuesday, while the day before the European and U.S. indices were trembling face the prospect of lowering the debt rating of long-term United States from the rating agency Standard and Poor's. At the opening, the CAC 40 gained 0.48% to 3899.68 points. The index has increased its Paris flagship gains the whole morning to show an increase of 0.79% to 3919.11 points in mid-day. The goal of returning to 3900 points is atteint.Un threshold is exceeded after the opening happily in the green on Wall Street. At 16 pm, the CAC 40 is trading at 3920 points (1.02%).

In Germany, the DAX index of the Frankfurt Stock Exchange at mid-session gaining 0.43% to 7057 points and in the UK, the FTSE-100 index gaining key values ​​0.61% to 5905 points.

The session is facilitated by a series of publications.This morning already, Essilor, Faurecia and Zodiac unveiled their quarterly sales figures. Tonight, one of L'Oréal is expected. Side economic figures in France, activity in the private sector has increased sharply in April, supported by the services, whose growth reached its fastest pace for over ten years, according to preliminary results of the survey Markit among purchasing managers released Tuesday.

European side, new registrations of passenger cars fell 5% in March on a year within the European Union (EU), show figures released Tuesday by the European Association of Motor Vehicle Manufacturers (ACEA). However, sales have increased in most European markets, notably Germany and France, which recorded a sales gain of 11.4% and 6.1% respectively.

Current accounts of euro area were in deficit by 7.2 billion euros in February, seasonally adjusted data, according to figures released Tuesday by the European Central Bank.

In the U.S., housing starts stand at 549,000 annual rate, while the market was expecting 520,000 after 512,000 in February (revised from 479,000). They display and a recovery of 7.2% over one month after a decline of 18.5% in February.

On the currency front, the euro fell sharply against the dollar on Monday night, however briefly falling below $ 1.42, weighed down by renewed concerns over the debts of the most fragile countries in the euro area, although United States have themselves received a stern warning.On Tuesday morning, the euro resumed at 0.11% 1.4243 dollar.Le oil also fell back after a warning from Standard & Poor's, but the situation in the Arab world will continue to drive prices upward

Faurecia and fly Zodiac

Side values, EDF (5.35% to 28.06 euros) headed the CAC 40 in mid-session. The redemption price of electricity to EDF's competitors is set at 42 euros on 1 January 2012. Eric Besson, Minister of Industry has confirmed the news Tuesday morning on Europe 1.

Faurecia is gaining 4.57% to 25.83 euros.Le group saw sales rise by 24% in the first quarter versus the first three months of 2010, an increase of 15% on a comparable basis.

Zodiac climbed 5.40% to 52.87 euros.Zodiac Aerospace announced Tuesday it raised its forecast operating margin for the year 2010-2011 after having almost doubled in the first half thanks to the recovery confirmed the aviation sector instant payday loans.

LVMH (4.24% to 114.40 euros) saw sales growth accelerate in the first quarter despite the earthquake and tsunami that struck Japan on March 11, while analysts had forecast a slowdown Growth of global luxury goods giant.

Michelin (2.01% to 60.88 euros) announced Monday the signing of a Memorandum of Understanding with the Chinese groups and Double Coin Huayi for the creation of a joint venture dedicated to the production of tires for the Chinese market.

Essilor advance slowly from 0.80% to 55.13 euros.Specialist ophthalmic equipment has confirmed its annual targets by announcing Tuesday an increase of 13.4% of its turnover in the first quarter thanks to its good performance in Asia and Latin America.

Archos tumbles

Edenred (-0.79% to 20.17 euros) announced an increase in its turnover and volume of issuance in the first quarter thanks to strong performances in Latin America, while those in Europe are more mixed.

Soitec (+0.09% at 10.66 euros) reported an increase of 34.4% of its turnover in 2010 thanks to a rebound in demand in the fourth quarter and expects a EBIT "slightly positive" for the year.

The manufacturer of glass bottles Verallia, a subsidiary of Saint-Gobain (+0.38% at 43.80 euros), announced Tuesday it had filed with securities regulators its core document, the first stage of its introduction on the TSX Paris.

Audika (1.88% to 20.55 euros) has confirmed its target of annual sales by announcing an increase of 8.6% compared to the first quarter of 2011.

Guyenne & Gascogne (0.90% to 94.95 euros) posted a turnover up 4.5% in the first quarter of fiscal 2011, mainly supported by higher fuel prices in during the period.

Le Noble Age (-2.80% to 14.92 euros) has reported a 11.3% increase from its operating revenue in 2010 to 179.9 million euros and said it expects to 2011 on an increase of 7% at constant perimeter.Its operating profit gained 30.3% to 17.2 million while the group of nursing homes and health facilities was counting on $ 16 million.

April Group (+0.40% to 21.30 euros) on Monday announced the acquisition of the Elco, based in Montreal, a broker specializing in risk of damage for which the activity represented 10.5 million euros the last year. Elco, which employs 80 employees, will be consolidated into its accounts from 1 April.

Theolia (-5.63% to 1.34 euros) announced Monday it had charged an operating loss in 2010, hit by a major disposal plan that has sealed its production of electricity for its own account.

The French designer and distributor of consumer electronics Archos (-14.77% to 7.33 euros) will launch a capital increase of 26 million euros to support its growth.

L'Oreal will publish tonight after the close of trading in its quarterly revenue and Spir Communication, and Transgene aufeminin.com.