Lawyers for greater solidarity in favor of "Pigs" – Portugal, Ireland, Greece, Spain – straighten the head. After Jean-Claude Trichet, president of the European Central Bank, it was the turn of Jean-Claude Juncker, chairman of the Eurogroup, to defy the German orthodoxy, pushing the idea of a guarantee "European" on part of the debt of sixteen countries of the single currency.
"It would be a clever way to make countries more vulnerable attractive to investors," says the chairman of the Eurogroup in an interview with Le Figaro. Jean-Claude Juncker has to clarify its proposal before the end of the year, with the support of the Belgian Presidency of the EU. "Europe can not be satisfied with an evolution that sees the highest drop to lowest edge of the road," he said.
The pooling of public debts is a sea serpent, regularly denounced in Berlin.The launching of a permanent rescue indebted countries gives him a second chance. His followers are many in Brussels and the Parliament, political power will have a key role in the development of the future "IMF" European.
"We must reassure investors"
Jean-Claude Juncker, skeptical about the direction taken by the bloc under German pressure, adds his voice to the objections concerned about the "guardian" of the euro, Jean-Claude Trichet. The boss of the ECB was right to worry about the impact of decisions of the last summit on the debt market.Eight days later, the rates and risk premiums (spreads) were brutally tight, plunging into a financial asphyxiation Ireland comparable to that of Greece last spring.
"Rather than scaring bankers promising them they will pay the piper, we'd better try to find a European solution to reassure investors and taxpayers," said the president of the Eurogroup. He will unveil his plan before the Commission President Barroso and Herman Van Rompuy not subject to the Twenty-Seven of their project "IMF" of the euro for 2013, which must be endorsed by the European Council of 17 December.
The question that upset, as in the Greek record in May, is the ultimate guarantee: Germany, the EU's largest economy and undoubtedly one of the best managed, refuses to have to ultimately pay if a country of the euro see its other creditors scroll, both public and private."Easy" created temporary bypasses the difficulty in the spring thanks to a joint signature but not attached to each contributor.
To this solution "intergovernmental" in the jargon of Brussels, Jean-Claude Juncker opposes a security "community." Ultimately, each country in the euro area would place a portion of its debt into a common pot, up to 60% of GDP in order to provide surety to investors. Beyond 60%, threshold of sound already established by the EU, with national security would remain purely mechanically, the cost of borrowing even more heavily than the country is most indebted. That for fiscal responsibility and collective discipline.
Lafarge posted mixed results. The building materials group unveiled a lower than expected decline in net income in the third quarter. Conversely, the operating income is below expectations.
The world's leading cement has made the quarter a net operating profit fell 2% to 839 million euros, where analysts expected on average 873 million. A rising cost of inputs and contract volumes have infringed the group's results.
Sales meet expectations
Net income, group share, has meanwhile declined by 8% to 372 million euros against 366 million for the professionals. As for revenues, it amounted to 4.5 billion euros, up 6% thanks to favorable currency effects. This figure is in line with consensus analyst expectations."The trends have improved in most developed countries in the third quarter, emerging markets have remained strong, despite lower volumes on some of them, and Central and Eastern Europe showed the first signs of improvement since mid-2008, "the company said in a media presentation.
In addition, Lafarge "maintains its forecast for global growth of its markets" and provides "a cement demand in its markets between -1 and +3% in 2010 compared to 2009."The group chaired by Bruno Lafont said that "given the changes in supply and demand, the outlook for the volume group may deviate from the trends in local markets in some countries" but that "prices should remain firm throughout the year, despite declines in some markets. "
In early trading, traders awarded the title that folds up nearly 2% where the CAC 40 0.3% ahead of him. It must be said that the markets were betting on the announcement of good news, reflected the recent rise in the stock by almost 10% in a week later, it is true, a decline of nearly 22% since the beginning of the year .
Six months after the catastrophic oil spill in the Gulf of Mexico, BP resurfaced. The British company, now led by American Robert Dudley, who succeeded Tony Hayward-English published on Tuesday a net profit of $ 1.7 billion for the third quarter. The oil giant then switches back in the green, after losing $ 17 billion in the second quarter, the largest ever endured by a British company. A financial earthquake due to provisions made to deal with the cost of industrial and environmental disaster.
BP finds the path of profits, but this performance in the third quarter is three times lower than that displayed a year ago.Similarly, BP, which has greatly benefited from the inflation of oil-nearly 10-dollars a year, far behind leading rivals traditional: in the third quarter, Shell and Total have posted net income up by 3, 4 and 3.2 billion dollars. Twice BP.
Failing to race head, Robert Dudley believes that the staff is now "on the road to recovery." The scenario of decommissioning was raised before by many observers, is no longer relevant: "The feedback that the group would be wiped off the map were largely excessive. Certainly, he had to sell assets, but they were not strategic. BP has retained its top position, especially in Russia but also in the Gulf of Mexico where the Thunder Horse field is particularly economical, "says Denis Florin, energy partner at Bearing Point no fax payday loans.In general, the lifeblood of the company were not impacted. She was particularly well defended by the British government cope with the demands of the Obama Administration. "
Disposals of assets for 25 to 30 billion dollars
BP, which plans to resume early next year the payment of dividends to its shareholders, is not the end of his sentences in the case of the oil spill. Besides the lengthy legal battle ahead, the bill climbs steadily. On Tuesday, BP said it had provisioned approximately $ 40 billion in total, including 20 billion placed in receivership at the request of U.S. authorities. So far the company has paid $ 11.6 billion, a sum covering both operations in the Gulf of Mexico and various compensations.
Given the extent of repairs, the company will continue its program of asset disposals. The stated goal is 25 to 30 billion dollars by the end of 2011. Half has already been done. On Tuesday, the London Stock Exchange, the action BP reacted weakly. It remains about 35% below its level before the oil spill.
ALSO READ:
"PAPER – The results of BP for the third quarter
"BP is the cost of the oil spill to $ 40 billion
"Attention, gluten," "20% of your daily caloric intake" … In recent days, consumers can receive on their mobile phones with personalized information about the products they intend to buy. Using Proxi product, an application developed by GS1, the agency that administers the bar code at the global level. Available at Apple Store and intended to be extended to other platforms such as Android, Proxi product to capitalize on the barcode.
The principle is the same as at a checkout. Just scan the barcode with their mobile phones to receive on screen, not the price, but different information about the product. Subject to having supplied their personal profile, people with food intolerances and receive an alert indicating the possible presence of an allergen.Applications are already being tested for the visually impaired, with a voice reading the labels. Proxi product could also adapt to the drugs, with a booster doses, for example.
Branding controlled
"Proxi product allows brands to control information and image," says Marc J. Hughes, project manager at GS1 paydayloans Proxi product. The organization is supported by the secretariat in the Digital Economy. Proxi product relies on a database of 40,000 products. "GS1 is still working in collaboration with the brands. We want to encourage them to connect themselves, "says Marc J. Hughes.
For now, small businesses in the food were more reactive than large groups.GS1 bet on a quick start, however, driven by the need to respond to other offers, which are not controlled by brands.
So other services developed in the United States arrived in France. Barcoo, or Good Guide disseminate information on the calories in a food (possibly with a red light) or respect for the environment by the producer. Others offer discounts. Ultimately, everything is possible, including the posting of information by a competitor. The information is not always verifiable. For manufacturers, this can be disastrous for their image.