Eiffage reported Friday a net sales increase of 4.8% in the fourth quarter of 2011, thanks to its good performance in work and in the concessions.

The construction group and concessions, owner of motorway networks Paris-Rhin-Rhone (APRR) and Area (Ain), said in a statement that its turnover reached 3 , 61 billion euros, 1.04 billion for the construction division.

Of all of fiscal 2011, revenues grew 3% to 13.73 billion euros.

Eiffage also know that its backlog at January 1, 2012 was up 25% over one year to 13.5 billion euros. It represents more than 11 ½ months of activity of divisions.

At the Paris Bourse, the action Eiffage closed Friday at 26 euros, down 2.14%, showing a market capitalization of 2.26 billion euros.

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Italy has had to make Friday a record yield of 6.5% at six months in an auction of 10 billion euros in short-term paper, increasing the pressure on the third euro zone economy and new government address the perception in the markets.

The average yield has almost doubled compared to the previous issue of this type in late October (3.5%), indicating that the establishment of a technical executive led by Mario Monti to restore order in the accounts public of the country has not yet stopped the outbreak of its financing costs.

Waiting period in case of sickness, duration and contribution rates for retirement, performance bonuses … Bit by bit, the government closer to the Staff that of private sector employees. Event officials in Paris in January 2009.

Last week by unveiling a second austerity plan, Prime Minister Francois Fillon announced that state spending would be reduced by an additional EUR 500 million in 2012. To achieve this, the government plans to introduce a particular day off for employees in case of sickness. In other words, a period during which the daily allowance is not paid by health insurance. The waiting period is required to have private sector employees where it may be extended from three to four days as part of that reform.While some, like the CGPME, denounced as "illegitimate and unjust officials see continued their treatment at the second day off while private sector employees do not benefit from per diem at the end of 5 days off "Trade Unions of Public Employees, themselves, see it as another attack on their status.

In fact, since the right is in power, "sacrosanct privileged status" has undergone many a penknife. This is especially true for retirement. Since the Fillon reform of 2003, the rules for age and duration of contributions from the private sector also apply to civil servants.

Switzerland did not provide financial payments to end the conflict with the tax United States, where several investigations are underway on some of its banks, said Friday a spokesman for the Secretary of State financial matters international.

Eleven banks of the Helvetic Confederation, including Credit Suisse, Julius Baer and the Basler Kantonalbank, are being targeted by U.S. authorities who suspect them of having helped their clients evade taxes.

Switzerland is ready to deliver, however, said the names of clients to find a compromise, after months of negotiations with Washington.

BNP Paribas on Thursday posted a net profit fall 71.6% in the third quarter, below market expectations, after having integrated into its accounts at a discount of 60%, higher than expected, on Greek debt and after a sharp decline in income from its trading activities.

The second largest bank in the euro zone by market capitalization, after the Spanish Santander, said in a statement have passed a provision of 2.2 billion euros on its sovereign debt of Greece.

Its quarterly net income totaled 541 million euros where the consensus reached by the editor of Reuters expected a net profit down 48% to 992 million euros, analysts had expected a discount of about 50 % of Greece under the Europe Agreement last Thursday.

After the decision of the Greek Prime Minister George Papandreou to hold a referendum after the Europe Agreement on aid to his country, which has raised speculation about a default or an exit from the euro area of ​​Greece The CEO of BNP Paribas believes that a default on Greek debt is manageable for the bank.

"A fault (Greece, Ed) would be manageable.

The Vatican on Monday called for the creation of a "universal public authority" and a "global central bank" to regulate financial institutions in the current period of turmoil and uncertainty.

The 18-page document, entitled "To reform the international financial system from the perspective of a public authority to universal jurisdiction," should strike a chord with "outraged" over the world protesting against the excesses of the current economic system .

"The economic and financial crisis through which the country calls everyone – people like people – to conduct a thorough discernment of the principles and cultural and moral values ​​that form the basis of social life in common," the Council Pontifical Justice and Peace in a note.

The Vatican warns against "idolatry of the market" and "neo-liberal ideology" that the current problems are only technical.

"The crisis revealed the attitudes of selfishness, greed and hoarding collective goods on a large scale," he says, adding that the world economies were to take an ethics of solidarity between rich and poor countries.

"If no remedy is given to various forms of injustice, the negative effects that will follow in the social, political and economic will be likely to generate a climate of growing hostility and even violence, to undermine the very foundations of democratic institutions, those that are also considered the strongest and safest, "reads the document.

The Holy See called for the establishment of a supranational authority in global dimension and universal jurisdiction responsible for guiding policy and economic decisions.

Such authority should be taken as reference the United Nations to gain independence then.

EFFICIENT STRUCTURES

When asked whether this document could become the manifesto of the "outraged", Cardinal Peter Turkson, president of the Pontifical Council for Justice and Peace, said: "People on Wall Street have to sit and think wisely about whether their current management of global finance is in the interests of humanity and the public interest. "

"We call on all groups and organizations to sit down and rethink the situation," he said at a news conference Monday.

The International Monetary Fund (IMF) has lost its ability to regulate the global creation of money and watch over the amount of credit risk that the system assumes, believes the Pontifical Council.

"In economic and financial matters, the greater difficulties come from the absence of an effective set of structures that can guarantee, in addition to a system of governance, a system of government in the economy and international finance. "

The world needs "a minimum corpus, shared rules to manage the global financial market."

"We see on the bottom, to draw in perspective the need for a body performing the functions of a sort of 'World Central Bank' regulating the flow and the system of monetary exchange, like the national central banks" , says the document.

The Pontifical Council recognizes that the establishment of both bodies will take years and will face resistance from the global players.

"This transformation will take place at the cost of transfer, gradual and balanced within the remit of a national authority in a global and regional authorities, which is necessary at a time when the dynamics of human society and of the economy and the advances in technology, transcend borders that are in fact already eroded in the globalized world. "

The National Assembly on Friday passed two taxes on soft drinks, including one on drinks with sweeteners. And despite a lobbying "scary" Coca-Cola, who may have done too much. The fee for sodas sweetened products will bring 240 million euros, the lights on 40 million.

Coca-Cola has lost. The National Assembly approved Friday the establishment of a tax on soft drinks, the amount will be doubled from the initial project of the government. And it also introduced a tax on beverages containing artificial sweeteners, which rose against the giant soft drinks. The tax on soda, two cents per can, bring 240 million euros, half of which would finance the reduction of social security in agriculture, and the light on sodas 40 million euros, said Minister Budget, Valérie Pécresse.

It is not Coca-Cola because of trying to oppose it by conducting intensive lobbying. The point that the UMP Bernard Reynes, the source of the amendment proposing to tax the light, was pessimistic about the chances to see him go. "And I will not deny that it bothers me that the creations of law are dependent groups such as Coca" he admitted even to the expansion. Com shortly before the vote.

"One of lobbying juggernaut"

Light beverages are indeed 60% of the revenue of Coca-Cola. Well above its competitors. Where the offensive of World No. 1 soft drink for the desired version of the tax. Mailings burst, increase in phone calls and requests for appointments, Bernard Reynes supports even have really been "harassed" by the group. "I had an unacceptable pressure. It is normal for multinationals discuss with MPs.But not how it happened. "

And it is far from alone in being surprised by the firepower deployed by Coca. Many players linked to the Assembly (lobbyists, MPs and their families) show a lobbying "huge", "scary", "pressing as is not permitted" and "the strength of a tank "the giant soft drink with parliamentarians and government.

"They call everybody! I received phone calls from friends, Bercy for example, who did not care at all about this, but tried to convince us to abandon the project," said parliamentary assistant to Jean Dionis du Sejour, Vice President (New Centre) of the Committee on Economic Affairs. Until the discreet meeting between Nicolas Sarkozy and the President of Coca-Cola Europe, Dominique Reiniche, revealed Wednesday by Challenge.fr.

Promises to invest in France, threatens to leave, may give an anti-American image that may scare away other groups … This mixture of "caresses and threats" Coca has been confirmed by several sources MPs we interviewed. In the end, however, the U.S. group may have done too much … "If there is one lesson it is that of the lobbying juggernaut does not work," says Paul Boury, subject matter expert.

A "catastrophe", really?

The action of Coca has not been completely ineffective. The final version of the tax on the lights was indeed amputated 80 million euros compared to the original text. "But that Coke does not care, provides a lobbyist familiar with the matter on condition of anonymity. The group was even willing to pay 250 million euros to the government to abandon the measure.The principle of a tax on "light" is a national disaster for them. It stigmatizes products. And a tax, especially in France, is always liable to change. "

The battle is not yet definitively lost to Coke. Valérie Pécresse, who did not support the expansion of the tax, received two separate taxes are adopted. This compromise, said the minister, can "legally secure the device", separating the tax on sodas "we know that the law is indisputable" and that on sweetened beverages, which it has less chance of pass "on the Constitutional Council." And it might explain the legal complaint "arbitrary tax" because not related to a vital public interest clearly identified.In fact, the argument of the national association of food industries, which already qualifies tax sweeteners to "unconstitutional". According to them, in fact, taxing sodas light rather than any product has "no motivation."

France will keep one of the best signatures from global rating agencies, said Monday the Minister of Economy and Finance on Baroin i> Télé.

"We are one of the best worldwide brands and will remain," he said, indicating that structural reforms and efforts to control government's budget would ensure the triple A which France currently enjoys.

He also stressed that the funding guarantees granted by France in the decommissioning plan for Dexia would have no impact on the debt of France.

"The guarantee has no impact on the debt and the guarantee does not affect the rating.A guarantee is actually activated when it is called, and we bet that this operation will work, "he said.

Asked about a possible recapitalization of French banks, Baroin said that the terms of a possible capital injection would be discussed with Germany before the G20 3 and 4 November.

Belgium, France and Luxembourg have Monday morning launched the plan to dismantle the Franco-Belgian bank Dexia, the first European victim size of the debt crisis in the euro zone, after a day and a night of marathon negotiations.

European shares increase their gains early Friday afternoon after the release of employment figures better than expected in the U.S. for the month of September.

The CAC 40 in advance of 0.92% against 0.1% before the announcement of U.S. employment figures.

The pan-European Euro Stoxx 50 index rose 1.2% against 0.2% prior.

The U.S. index futures have turned up.

Credit Suisse announced on Monday it agreed to pay 150 million to end an investigation by the prosecutor's office in Düsseldorf, to certain employees.

"A complex and protracted litigation has been avoided, with an agreement that gives legal certainty," the bank said in a statement, adding that the amount will be spent in the third quarter.

Four employees of Credit Suisse since December on suspicion of support for tax evasion, prompting an investigation by German authorities in Düsseldorf.

The research was later extended to four other people, with raids in late February at the offices of the bank in the cities of Hamburg, Hannover, Cologne and Frankfurt, as well as "two smaller sites".