SeaFrance employs 880 permanent employees and 200 CDD, according seasons. The plan proposed by the LDA-tandem DFDS provided for the protection of 460 FTE jobs, maintaining SeaFrance under the French flag, the recovery of three ships 5 million and an investment of 50 million for repairs to boats guaranteed approval cash loans.The Scop defended by the CFDT plans to retain all CDI but he lacked the funds needed to boost activity.

Risk of "social conflict" and funding "nonexistent"

In its ruling, the court held that the supply of Dreyfus, associated with the Danish DFDS ferries group, provided many job losses and that "there are (VAIT) is a risk of serious social conflict." He also found the price offered for the recovery of ships too low and suggested that this recovery could pose competition concerns.

Investor sentiment is supported by advanced this week in the eurozone. Management of public finances in Greece and Italy, two countries that focus on crisis fears of European debt, will change hands. In Greece, Lucas Papademos, former Vice President of the European Central Bank (ECB), has been appointed head of a government of national unity. In his first statement, he said that the euro is a "guarantee of monetary stability online payday loans."The United States and reported a reduction in trade deficit while new jobless claims fell to their lowest level since April. This morning, Asian stock markets were also in the green. In Tokyo, the Nikkei closed up slightly from 0.16% to 8514.47 points.

The AMF opened an investigation

The Financial Markets Authority (AMF) has announced the opening of an investigation after the blunder of Standard & Poor's last night, the rating agency has mistakenly sent a message indicating a degradation of the triple A French before denying the information two hours later.

On the currency markets, the euro has regained some ground. The European currency changes above $ 1.36, above the low of 1.3484 in one month.

The transition with Sam Palmisano, the boss for ten years a number of U.S. computer services, will be phased. He will become chairman of the board of directors.

Continue the transformation of the group

In the soothing world of IBM, Virginia Rometty has climbed the ladder since being hired as a systems engineer. She has led the industry including insurance and financial services.His feat of arms was in 2002, the integration of the consultancy arm of PricewaterhouseCoopers to form a strike force of 100,000 consultants.

This successful integration has led her to take charge of IBM Global Services, the main activity of the giant who represented the third quarter of 2011, 57% of the turnover of the group.

Ginni Rometty intends to continue the transformation of the IT group that "has changed in a decade."

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The impasse before a double peak of the euro Wednesday and Sunday, beginning to worry the rest of the world."The impact is disastrous outside (…) We do not really an example of leadership that works," commented the head of the Eurogroup Jean-Claude Juncker, before presiding over a first camera finance ministers on Friday afternoon.

Chinese and American impatience

Washington and Beijing in particular sounding the alarm. The Chinese leadership did not like the cancellation of a summit Tuesday in Tianjin with European leaders, due to repeated conclaves in Brussels. Premier Wen Jiabao has called on the EU "fundamental reform" of its finances and fiscal policy, the agency official New China. "This requires political courage and determination unparalleled," he added, as if he doubted it.

The U.S. government, intervened with the Europeans at every turn of the crisis, also expressed his impatience check cash advance.Barack Obama spoke by video conference with Nicolas Sarkozy, Angela Merkel and British Prime Minister David Cameron on the night of Thursday to Friday. According to the White House, Bush insists that a European response to the crisis is effectively implemented before the next G20 summit in Cannes, November 3.

Franco-German dispute

Multiply the firepower of EFSF, the bailout fund for countries in difficulty, is the key weapon in the euro area to raise her two other challenges: reducing the burden of crushing debt on the shoulders of 11 million Greeks and persuade banks to beef up their capital in order to overcome the market turmoil. Nicolas Sarkozy and Angela Merkel agree on the diagnosis.But France, worried about its budget deficit and a valuable "triple AAA" prefer tap into the existing European funds, starting with the ECB.

Germany, also sensitive to the separation of powers as inflation risks, refuses anything resembling a crisis by printing money in Europe. Friday, Paris and Berlin were still camped "in very different positions," lamented one European official. The inflexibility of Angela Merkel, attested as early as Wednesday during a one-on-one with Nicolas Sarkozy in Frankfurt, had its effect. The European Commission and many of the countries of the euro is already a cross on a direct involvement of the ECB together with the EFSF. To work around the obstacle, the European experts worked Friday to a "new palette" of instruments, including greater use of IMF already applied at each stage of the crisis.

This show is held every two years alternating with Paris Doha in Qatar, is the child of September 11 and terrorist attacks in the United States. "Although he was born in 1984 but in 2003 the concept of homeland security market has emerged differing from the defense market itself," says Alain Rondepierre prefect, president of the show. Milipol also aims to provide solutions in the fight against crime, interventions in hostile environments – infected or affected by natural disasters – as well as the operations of public safety and law enforcement as well road safety, port and airport.And wider border surveillance.

A growing market

Customers come from public and private horizon: business as head of sensitive sites such as nuclear power plants, police forces (in the field, scientific) and emergency preparedness (fire, miners, rescuers …), gendarmerie, customs, airports, government agencies (FBI, Home Office …), the Ministries of Interior and Defence equipment because some applications have mixed civilian and military.

In total the global market for security at large weighs 420 billion euros (+5.5% in 2010), the survey published in the Atlas of Safely, the newspaper of record on the subject. The market is dominated by the United States with 30% of the world but Asia is gaining ground (23% against 14% of expenditures in 2001).For its part, Israel Export Institute believes that the only market "homeland security" weighs 170 billion and it increased by 7 to 8% per year.

On these growth markets, France has several champions. Morpho, the world leader in biometric identification since the purchase of American L1, used by over 100 countries and 450 organizations such as the FBI, the Israeli police and Interpol. Morpho is a specialist in such border crossing facilities at airports. "Faced with evolving threats, we must provide answers to more sophisticated, more effective are not too expensive and that thin the border crossing. For example, we went from detection to the identification of explosives, "said Didier Bernard, Executive Vice President of Morpho.Soon there will be no need to register to use the Initials successor that allows holders of biometric passports to cross the border control without queuing.

For its part, Thales relies on its leadership in information systems, to provide answers to the problems generated by "urbanization". This "requires cities smarter and therefore supported by systems that can facilitate decision-making in complex environments," said Luc Vigneron, Chairman of Thales. The group from Mexico won the first contract of its kind with its offer to secure Hypervisor this city of 22 million people, plagued by violence. In addition to large groups, SMEs, supported by some Directorate General of Armaments, engage in an orgy of creativity.Overview of some of the novelties of Milipol 2011.

Some products presented at Milipol, the first international exhibition of security

• Cobra – A range of robotic vehicles (see above)

Developed by ECA, one of three subsidiaries of the SME Gorge, the Cobra Bubble is a ground vehicle robotic intelligent. Its onboard camera is covered with a protective bubble antiéboulement that does not stop to see day and night to 360 degrees. The vehicle of 40 cm square weighs 5 kg. It can be equipped with a gun to remove the mines. He drives up to 300 m away from a touch pad or joystick. Its mission: to make tracking and filming in hostile environments or contaminated or monitoring sensitive sites such as nuclear power plants. Gorged sells 100,000 a year.

• Millicam 90 – Sees Through Walls

Two days before his last conference as president of the ECB, Jean-Claude Trichet is pessimistic for the euro area. "We believe that the euro area will be very moderate in the second half," said one who will be replaced by Mario Draghi on November 1. As for inflation, he said that the rate should remain "above 2% in the coming months. Next year, it should fall below. " These are all signs that suggest that interest rates should remain unchanged Thursday.

As for the United States, the head of the central bank, Ben Bernanke is more optimistic."Recent indicators, including those of new jobless claims show that it is likely that the sluggish growth in employment continues in the coming period," he warned. Before the Joint Economic Committee of Congress, the Fed chairman has urged politicians to "avoid taking fiscal measures may impede the ongoing economic recovery."

"We can not just replace the government"

Sluggish growth, employment at half-mast, high unemployment, the United States and Europe are the worst of an economic plan. And while a slowdown is being felt in China. Most economists expect further aid from the central banks against the inaction of governments, but Ben Bernanke and Jean-Claude Trichet reminded of a common voice that States to revive the global economy."The measures to promote healthy growth of the economy and employment are the shared responsibility of all politicians, in close cooperation with the private sector," he argued. And the President of the ECB concluded: "It is their responsibility to deal with the worst crisis in the postwar period. We can not substitute for governments under any circumstances. "

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At the macroeconomic level, white-collar workers remain pessimistic.Seven in ten think that the standard of living in France "degrade" in a year and almost eight out of ten (77%) and unemployment "increase" in the coming months.

Vicious circle

These concerns are largely fueled by doubts about "the ability of France to reduce its deficits" (47%) and the anticipation of the impact "of austerity on growth" (39%). "The magnitude of the deficits may impose stronger discipline, which could restrain growth and thereby compromising deficit reduction," the president of Viavoice analysis. For managers, this vicious circle, deficits, rigor, decay, now appears more menacing that "commodity prices" (28%), "the future of the euro" (22%) or "the changes in stock prices "(16%).

Amid this gloomy picture, however, some glimmers of hope.If the problems banks are now in the news, the difficulty for companies to find financing worries only 18% of managers. Then they are less likely to feel that their financial situation "will deteriorate" (44%, down 4 points) and almost as many think that it "will remain stationary" (43%, six points). Their employees are more motivated (36%, +4 points).

As for opportunities for a career, if they are deemed "weak" by an overwhelming majority of executives (79%), the percentage of those who disagree (17%) improved by 4 points. Finally, the question "do you think Greece should leave it to devalue the euro?", A framework of two answers "no" and nearly one in three "yes."

The state is primarily responsible for this increase. His contribution has indeed increased in the second quarter of 52.6 billion euros. "This is essentially its long-term marketable debt," said INSEE. Clearly, these are bonds issued by the state to investors and repayable on a long horizon (ten years). However, local governments have reduced their debt by 2.7 billion euros, and the government social security declined 2.3 billion.

Loans to Portugal and Ireland as part of the bailout in the euro area weighed 2 credit report.4 billion euros (1.6 billion for the first 0.8 billion for the second). Conversely, the French car manufacturers have paid up to € 2 billion loans at the height of the crisis, in 2009.

Reduce government debt returns to stop a ship at full speed. The effect of inertia is such that it takes time-years-in order to stop its progression. The government intends to reduce the amount of debt in the coming years. It will peak at 87.4% of GDP at end 2012 and to decline 87.3% in 2013, 86.2% in 2014 and 84.1% in 2015.

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"GAME NEWS – Drive finances of France

Since the beginning of the week, investors won over by a wave of optimism about the outcome of the debt crisis in the eurozone. The spokesperson of European Commissioner for Economic Affairs Olli Rehn Olli Rehn, Europe is considering strengthening the capacity of the European support fund for countries in trouble (EFSF). Rumors press also reported a proposed quadrupling of the Fund's lending capacity to 2000 billion euros. In turn, an official of the ECB, the Austrian Ewald Nowotny, did not rule out declines in interest rates in the euro area.But soon, the German Finance Minister Wolfgang Schäuble said that Europeans had "no intention of bailing out" the EFSF.

The Spanish Minister of Economy Elena Salgado also said Tuesday that an increase of two thousand billion euros in the capacity of the European Support Fund "was not on the table." Political leaders are clearly divided on the concrete responses to the debt crisis, while discussions on the payment of a new international loan to Greece, vital to enable it to avoid bankruptcy dragged on. At the same time discontent rises and Athens was again paralyzed Tuesday by a wave of strikes in public transport.

More good news, the constraint on bank lending is beginning to loosen.The private sector credit grew by 2.6% year on year in August in the euro zone, against 2.4% in July. Loans to households grew by 3% in August, while consumer loans to individuals have declined only 1.6% against 2% last month according to figures released Tuesday by the European Central Bank (ECB) . Moreover, housing starts for new homes in France, climbing 8.1% year on year for the period from June to August. However, they mark a slowdown from earlier this year: the pace of growth in the first quarter was still 35.5%. The number of building permits for new homes has increased its share by 9.8% year on year for the same period.

The euro was weakening on Tuesday to below $ 1.35. At midday, the euro stood at 1.3496 dollars, against 1.3523 dollars late Monday.He had fallen in session Monday to 1 paydayloans.3363 dollars, its lowest level since mid-January, prior to recover. As for commodities, gold has recovered slightly this morning at 1640 dollars an ounce after declining over the last three sessions.

Values ​​follow:

The banking sector is driven by rumors of recapitalization.BNP Paribas advance of 9.25%, largest increase in the CAC 40 7.46% Credit Agricole and Societe Generale 8.55%.

Total (2.97% to 32.25 euros) reduced the number of banks in which it deposits funds for fear of a credit crunch in the euro zone, but remains confident in the French settlements, said its chief financial officer the agency Dow Jones and The Wall Street Journal.

The CEO of Renault (4.20% to 25.30 euros), Carlos Ghosn, said on Monday to Reuters that he saw no sign of slowdown in global demand despite the debt crisis in Europe and economic uncertainties in the United States.He expects an increase in car sales in the United States in 2012.

The title of the French automotive supplier Aries (18.64% to 7 euros), specialized in the production of aluminum parts, flew Tuesday in the Paris Bourse, with a net income higher than expected in the first half (6.7 million euros, up 31.3%).

Thales (2.08% to 24.58 euros) for its part plans to sell part of its services activities, according to Les Echos on Tuesday. The division, which last year made 81 million euros in sales, employs approximately 500 people. Logica names and GFI Informatique circulating among potential buyers.

Dexia (6.09% to 1.48 euros) is facing a complaint from the town of Rosny-sur-Seine (Yvelines), which has borrowed toxic.The mayor filed a complaint for "organized fraud" and "deception" with a civil court of first instance of Versailles against Dexia Credit Local.

Ipsen (3.56% 22.57 euros) was acquired from the Norwegian pharmaceutical company Photocure marketing rights of Hexvix, its flagship product for the diagnosis of bladder cancer.

The retailer Casino (2.29% to 57.13 euros) saw its price target reduced from 81 to 74 euros by HSBC. Land areas (4.54% to 50.73 euros) for his part saw the recommendation on its title upgraded to "buy" against "hold" earlier by ING.

Neopost (4.05% to 57.23 euros) will release its results for the first half after market.

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"Week crucial for Greece

After the capitulation market in recent days, many investors are wondering whether it is time to return the purchase. Beyond a simple technical rebound, the chances of quick recovery courses are limited for the simple reason that the current stock market is in some ways more fragile than in 2008. Signs of slowdown are multiplying in the United States, Europe could enter recession in the coming months, and the deterioration in manufacturing activity in China shows that the theory of decoupling between emerging and rich countries no longer holds the ramp. Response capacity of government to stimulate consumption are practically nil, and the effect of accompanying policies of central banks has reached its limits.The current crisis comes mainly from the usual market issues related to the level of market valuation or the correction of excesses after a period of intense speculation. The epicenter of the crisis is now in the euro area, with governments overwhelmed by the level of public debt and unable to agree on the management of their common currency. The solution to these difficulties lies in the hands of "political" and not in the trading rooms and in business. This is what the operators despair!

• The core business is a real force that

The recovery will be difficult, but much of the bad news began to be integrated into the course. The precipitous decline of the indices shows that the Exchange has already taken a good step ahead of the crisis.A CAC 40 to 2800 points means, for example, that investors expect an increase, not corporate profits, but a 30% drop in profits in 2012. This pessimism is starting to become excessive, especially for industrial groups, such as Air Liquide, Schneider Electric and Michelin, a strong presence in emerging markets where business slows but does not decrease instant personal loans guaranteed. The same goes for business as L'Oreal, Essilor International and Pernod Ricard, which have strong brands and where margins are not challenged. The treatment of more defensive companies, such as France Telecom, Sanofi, or GDF Suez, also reached its limits.These values ​​offer attractive yields of between 10 to 6%.

• The plight of the shareholders of the banks could come to an end

In three months, the market value of the three largest French banks, Societe Generale, Credit Agricole and BNP Paribas, has been halved. This collapse is comparable to the fall in prices occurred after the collapse of Lehman Brothers in 2008. Investors have punished the weak provisions made in the accounts to meet the commitments of banks in the peripheral countries of the euro area and a general loss of confidence in respect of institutions in the euro area. Far from scaring the market, the rumor of a possible entry of the state in their capital in the form of preference shares is now likely to reassure investors.10 to 15 billion euros to recapitalize matter which it would lead to a "dilution" of shareholders limited. After the destruction of 50 billion capitalization in the summer, the amounts mentioned are already largely taken into account by the markets. Bank stocks will certainly remain under pressure, but the plight of their shareholders might come to an end.

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"The Paris Bourse is expected to remain on guard