The Prime Minister believes the government should not have back in 2007 after the failure of legislative reform because the cost of labor is essential. Prime Minister Francois Fillon regret not having done the social TYVA in 2007

Francois Fillon said Thursday evening the balance of Nicolas Sarokzy. The Prime Minister expressed as main regret of his five years at the Matignon "floating" in 2007 on the so-called social VAT, adding that he had to "do it now," referring to the will of the head of state to this measure on track by May When asked on the set of the show "The words and actions" on France 2 why the government wanted to implement the measure within three months of the presidential election, he returned to the turnaround of 2007, during the period between the two towers of the legislation.

"On the cost of labor, you remember we had planned to do in 2007. There was a reluctance on the part of the government team, from the majority that led to a misunderstanding on the part of the French, "argued the Prime Minister, recognizing that this was" probably (had) a reaction in electoral terms "in parliamentary elections at the time." You should never hesitate. When we govern, decide and implement the reforms (…). Here, there was a little flutter, flutter it made it more difficult for some time the implementation of this reform, "he said

……. Ruling out .. "inflation risks" now, François Fillon expressed the need "to do it now". Invited to express his main regret at Matignon, the prime minister has come back "on the case of lower labor costs in 2007. "" We hesitated too. It is a regret I have today, "he repeated. On the contrary the decision that is" most proud ", Mr. Fillon also drew attention to "the reform of social dialogue". "When you see what happened five years ago (…) is a small cultural revolution that has occurred," he judged.

On his favorite memory with the Head of State, with which relations have experienced up and down since 2007, the prime minister called a "great memory" the presidency of the European Union in 2008. "I was very proud of what has been accomplished and the image has given France and the president," he dit.Concernant his worst memory, Mr. Fillon declined to answer: " I have no recollection of this type and even if I had, I do not confide in you. "

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Altran Thursday confirmed a large increase in operating margin for 2011 following growth of 7.2% of its turnover for the year, and said he was "reasonably confident" in 2012 despite ; economic uncertainties. Sales of specialist technology consulting totaled 1,419.5 million euros last year, growing "economy" of 8.1% (on a comparable basis excluding the impact of exchange and changes in working days). The fourth quarter alone, sales of Altran amounted to 370.6 million euros, increasing by 6% and an "economic growth" of 8, 6%. "Despite an uncertain macroeconomic environment, the Group is reasonably confident for 2012," he said in a statement its CEO, Philippe Salle. Philippe Salle had told Reuters in October Altran, a deficit in 2010 would remain negative in 2011 but would profit in 2012. The group will publish its annual results on March 12. Altran has completed action on Wednesday during a 3.801 euros, representing a market capitalization of 550 million.

His heart attack until the financial markets, the euro area plays its future in the coming weeks in an economic, budgetary and fiscal conducted forced march under the leadership of Germany.

The countdown to this year has accelerated last week when France, but also Austria, Finland and the Netherlands, saw arrive at their door pressure from investors, which they thought up until there is little protection because of their maximum rating AAA.

Faced with this new situation, the debate on increased intervention of the European Central Bank to support countries in difficulty – to which Germany is now the only one to oppose – has flared up.Angela Merkel's advisors are on the phone at all hours with European capitals, "said she.

"But if they would not get successful, unorthodox solutions are being considered," she said again.

MINI-TREATY?

Several European leaders, France and Germany in particular to reflect the possibility of a mini-intergovernmental treaty outside the community and to circumvent British requests for repatriation of skills in London and, ultimately, unanimously required a revision in formal treaties.

France and Germany called Saturday to the new Greek prime minister the "full implementation and full implementation of all commitments" by his country to emerge from the crisis, according to the Europe Agreement of 27 October.

French President Nicolas Sarkozy and German Chancellor Angela Merkel met with Lucas Papademos, named Thursday to replace George Papandreou.

"After having congratulated the formation of the new Greek government, they stressed the urgency of implementing full and complete of all commitments, including those contained in the agreement of the summit of the Eurogroup of October 27, "it said in a statement from the Elysee.

"The payment of the next tranche of aid can be made only when a step has been made in this regard," said the French presidency.

Lucas Papademos, former Vice President of the European Central Bank, was sworn in on Friday after a week of tough negotiations between the two major political parties of the country, socialist and conservative.

It must implement drastic austerity measures in a country already plagued by months of recession in order to obtain a new loan of EUR 130 billion to prevent Greece from bankruptcy.

In a letter sent on Friday, Nicolas Sarkozy had assured Lucas Papademos the support of France to carry out the reforms necessary to overcome the crisis in Greece.

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.

List of values ​​to follow on Wednesday at the Paris Bourse, where the CAC 40 gained 0.21% to 3181.08 points before the vote to 24:40 awaited the start of the afternoon of the Bundestag in Berlin on a draft reform of the European Financial Stability Fund (EFSF).The market expects more to be disappointed by the results of EU summits and the euro area this evening.

* RENAULT (2.08%) sign the best performance of the CAC 40 and the Stoxx sector (1.17%) recorded the largest increase sector in Europe.

The CEO of Daimler (1.67%) Dieter Zetsche told executives that Renault might consider a partnership in the development of high-end vehicles, according to the Börsen-Zeitung, citing a part of the French manufacturer .

* PSA Peugeot Citroën wins after losing 1.08% to 5.7% in early trade, the market welcoming the cost reduction program announced by the automaker, which has revised down its forecast 2011 after a third quarter marked by lower volumes.

* Societe Generale (1.39%) to recapitalize by putting aside the results, even by appealing to its shareholders, but in no case will involve public money, said on Europe 1 CEO Frédéric Oudéa.

* A reverse trend, SAFRAN (-2.09%) shows the largest decrease in the CAC 40, several brokers have reduced their price targets and earnings forecasts following the release Friday of sales in the third quarter considered disappointing.

* ArcelorMittal gives up 1.3%, the market continued to sanction the surprise announcement the day before removing the group launched the joint bid with Peabody Energy in Macarthur Coal.

In addition, Nippon Steel said to anticipate a decline in annual profit, mainly due to worse economic prospects.

* Faiveley Transport (3.76%) is again on top of increases in the SBF 120, the value still enjoying a catch-up effect after a quarterly considered positive, including the announcement of a backlog of better than expected.

* INGENICO advance of 3.54%, following the announcement of its quarterly publication, with investors reassured by the silence of the group on the future as many had previously expected a negative message.

* MERSEN, which declined by nearly 7% between 19 and 21 October, is up 2.8% after the announcement of a quarterly revenue emerged above analysts' expectations.

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."

Aéroports de Paris announced Tuesday a 6.1% increase in passenger traffic in September year on year, driven notably by the French and traffic despite a decline in the Middle East.

The airports of Paris-Charles de Gaulle and Orly, which hosted 7.9 million passengers last month, received a 7.8% increase in traffic hexagonal in favor of a positive calendar effect, the summer holidays in France that ended on September 4 this year instead of August 31 last year, the company said in a statement.

International traffic outside Europe rose 6.1% in September, with only one drop of 2.6% charged by the Middle East.

Since the beginning of the year, passenger traffic shows an increase of 6.1% compared to the same period the previous year.

The International Air Transport Association (Iata) said in late September that the outlook for the global economy were very uncertain, but said not to anticipate a recession.

The NGO CCFD accuse the G20 not to advance in the fight against tax havens as some of its members are. The headquarters of the Cayman National Bank in George Town. The Cayman Islands are in the core of tax havens.

The fight against tax havens seems "broken" at the G20, said the association CCFD in a report released Thursday, calling the twenty major powers fight again financial opacity at their summit on 3 and 4 novembre.Dans this report entitled "Tax havens, the G20 last chance", the nongovernmental organization (NGO) very involved on this subject says that "uncooperative jurisdictions" and secrecy have not disappeared, contrary to that would suggest the lists published after the G20 summit in London in 2009 and have gradually emptied.

The list of the Organization for Economic Cooperation and Development (OECD) contains more than a handful of tax havens insignificant. Almost all of the others were bleached after signing at least twelve bilateral tax information exchange. "In two years, 37 territories have gone gray and black lists of the OECD, bleached for agreeing to take a step towards the exchange of tax information," the Catholic Committee against Hunger and for Development (CCFD ) in this report which AFP obtained a copy.

The NGO notes that these developments have taken place "under pressure" because "in early 2009, the very idea of ​​one day communicate information to a foreign tax administration was absolutely excluded from certain countries", while now , "plus an area can not afford to refuse to open dialogue about it.""Pointing the territories is an effective strategy to force them to act," concludes the report. However, "two and a half years, the G20 seems down to the question" regrets the association.

Switzerland, the United Kingdom and Japan are tax havens

CCFD releases another list, that of the Tax Justice Network, an NGO network that refers in this regard. The grading of opacity financial newly updated total of 73 territories (against 60 in 2009), the "top 15" includes major powers such as Switzerland, the UK, some U.S. states or Japan."So many countries without the latest list of the OECD," says the report, which estimates the G20 unable to "publish a list of tax havens", "for the simple reason that the member states account for only 39% of opacity internationally. "

The French Presidency of the G20 had flirted with the idea to reconstruct a list of tax havens at a summit in Cannes (southeast), based on evaluations conducted by Global Tax Forum, which includes more than one hundred countries under the leadership the OECD. But it seems to have abandoned, the report said. "Failure to list worthy of the name, without considering the corresponding sanctions, states the G20 would come to Cannes without a weapon against offshore finance," insisted the NGO.It therefore calls on the French presidency "to advance concrete proposals" to strengthen the control of multinational corporations, end front companies and strengthen penalties against financial crime.

The Eurogroup has postponed to November the payment of the loan of 8 billion euros in Athens, demanding the country's fiscal efforts even more. Finance Minister Evangelos Venizelos and the Greek Prime Minister George Papandreou in Parliament during the vote of a new austerity plan, June 30, 2011.

The euro zone decided Monday to postpone decisions on new loans crucial to Greece, to which it has requested additional budgetary efforts and plans to contribute more to his bank bailout.The Eurogroup also considering increasing the firepower of its relief fund for countries in trouble (EFSF) to make it more "efficient", but without increasing its volume, said President of the Forum of Ministers of Finance monetary union, Jean-Claude Juncker after a meeting in Luxembourg.

"We call on Greece to take additional measures" in terms of savings for 2013 and 2014, thus going beyond those that have just been announced for this year and next, Mr Juncker warned. The euro area has also called for more privatization of companies.Despite a draft budget for 2012 through a drastic reduction in public sector, Athens has fueled fears of a default by announcing on Sunday that its public deficit would be reduced to 8.5% of GDP in 2011 but remain in the coup beyond the initial target of 7.4%.

Fearing bankruptcy Greek with serious repercussions in Europe and the world, global stock markets ended sharply down Monday, even Wall Street falling to its lowest level in more than a year, while the euro fell below 1 , 32 dollar for the first time since January.

The threat of bankruptcy postponed until mid-November

Mr.Juncker said that a meeting of the Eurogroup, considered a time for Oct. 13 to unlock a portion of international loans to 8 billion euros, Greece country desperately needs to avoid bankruptcy, had been "canceled" because they can have all the necessary elements of evaluation at that time. "The Eurogroup will make a final decision in the month of October" based on the findings of the current creditors of Greece, the troika (EU, European Central Bank and International Monetary Fund), currently in Athens to check the progress of the government.

However, Mr Juncker has sought reassurance, saying the country would be "able to fulfill its obligations" financial. "A lack of Greece will be avoided," he further assured, adding that "a person contemplates leaving Greece in the euro area".In fact, Greece has said it would not need financing to avoid bankruptcy before "the second week of November," said the Belgian Finance Minister Didier Reynders.

The second aid plan for Greece, 109 billion euros promised July 21, he saw a fall Monday obstacle to its realization: the members of the euro zone reached a compromise on the guarantees required to Athens Finland. The new plan could also be modified to be greater involvement of banks, which suffer a discount greater than 21% so far on their claims considered Greek, suggested Mr Juncker. There will be "technical revisions" on the subject from what was decided on July 21, he said."Regarding the involvement of the private sector, we must take into account the fact that we have experienced changes since the July 21 decision," he added.

Increase the striking force of the relief fund

Monday's meeting also clarified the position of the Eurogroup on another essential tool to prevent the contagion of the debt crisis: Relief Fund for countries in trouble (EFSF), which was used to help the Ireland and Portugal. The euro zone plans to increase its clout to make it more "efficient", as demanded insistently the U.S., but refuses however to increase its volume, said Juncker.One way would be considered to use leverage, a financial mechanism based on debt to leverage its ability to act.

Several scenarios circulating: the EFSF could turn into a bank and buy from the counter of the European Central Bank (ECB) without any limit. It could also act as an insurer from the holders of debt and cover losses up to 20-25% if a state was lacking, or, used to secure the repayment of debt of the ECB, a mission that 'she reluctantly filled quickly and wants to give up. Options involving the ECB should not be those favored by the euro area, said Monday night Juncker, without giving more details