From our correspondent in Brussels

Between doves and hawks her, Euroland barely keep a cool head on Greece. In a sentence, the European Commissioner Karel De Gucht has upset all the Friday speech intended to persuade Greek voters to make sacrifices if he wants to keep the euro.

"The ECB and the European Commission (…) study of emergency scenarios if Greece does not recover," dropped Karel De Gucht Belgian daily De Standaard. It was enough that a news agency transforms the event into "emergency plan" to exit the euro as markets become inflamed Friday.

Brussels later denied, against all probability, the very existence of the crisis scenario, whereas it is the role of staffs to anticipate. The ECB itself does not exclude it. Known for his outspokenness, Commissioner De Gucht is not the first to trip in the contradiction of speech.

The weekend is its chief Jose Manuel Barroso, who set fire to the powder by saying that "better" than Greece leaves the euro if it refuses to play the game President Committee had to make amends, just before reaching Washington, ensuring that Athens "is part of the family." Monday, it was the turn of Maria Fekter, Austrian Minister of Finance, a slap on the wrist because she wanted to leave Greece to the euro and the EU, even then readmit him.

To impress the Greeks, the European discourse can not ignore the scenario of rupture. The problem is that whenever the "bogeymen" open their mouths, they also wake up the specter of a breakup of the euro markets.

Profitable strategy

In Greece, the radical left Syriza, credited with 20% of votes in the polls, seen in the parliamentary elections of 17 June a referendum for or against the austerity, the euro should remain in the table. Europe, tired of paying to no avail, distills a message more complicated: June 17 it will be a referendum for or against the common currency, knowing that the rejection of the euro would lead to bankruptcy even more expensive for the Greeks.

The approach – now responsible Greek, European solidarity later – was agreed in Athens with the two traditional parties, the conservative New Democracy and PASOK socialist, says one in Brussels.

Without interfering officially, Europe wants to make clear to the Greeks that they can not pull the cake and eat it too. In return, Europeans are showing their commitment and offer a promise of better times. These days, were so bent on the exercise for Jean-Claude Juncker of Eurogroup, Mario Draghi for the ECB and Francois Hollande and Angela Merkel in Berlin: "Greece must remain in the euro."

Despite these boondoggles, the strategy can pay off. The conservative New Democracy (ND) replicate the advantage over their rivals Syriza recent days, according to surveys, in Athens opening the prospect of a majority in favor of austerity. Karel De Gucht said himself: the endgame has begun and the question "is whether everyone can keep his cool" to the end.

Trichet's plan to save the euro

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To avoid the breakup of the euro, the former ECB President Jean-Claude Trichet claims to have a plan: put the financially troubled countries under the tutelage of Brussels, if it is unable to implement policies budget approved by the EU. It would operate a federal mechanism "outstanding", when fiscal policy of a Member State slips to threaten monetary union.

"Federalism exception seems not only necessary to ensure a strong economic and monetary union, but it could also adapt to the true nature of Europe in the long run," said the former president of the ECB to Peterson Institute in Washington. The idea is not new. It was proposed by German finance minister, Wolfgang Schäuble, who wanted to entrust the finances of Greece to a "supercommissaire". Interference rejected by Athens as deemed "undemocratic".

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Chambers of commerce and industry want to work with the new president and new government on major economic issues: SMEs, industry, international business development, training and learning. "We are a driving force. We are not in the claim, "said Jacques Pfister, Senior Vice President of the Assembly of French Chambers of Commerce and Industry (ACFCI) and President of the Chamber of Commerce and Industry of Marseille Provence in presenting the 22 proposals of the network of chambers of commerce and industry.

Sign of this willingness to change and to affirm their desire to play leading roles in major economic debates, chambers of commerce and industry adopt a new logo, "CCI de France." "There are not many networks of entrepreneurs also involved in the economy of the territories and as close to the territories. We are a private Datar, "says Jacques Pfister, referring to the Directorate of Planning.

Chambers of commerce are active in many areas. "They are machines to do economic development, to train young people to manage infrastructure," says Pierre-Antoine Gailly, second vice-president of the ACFCI and President of the Chamber of Commerce and Industry of Paris. They train apprentices. They welcome students into their business schools. They manage airports or ports. They support SMEs internationally. They help entrepreneurs. They look after employment. "The Chamber of Commerce Marseille Provence 1000 supports RSA beneficiaries per year for four years," said Jacques Pfister personal loans for people with bad credit.

Simplification of yarrow territorial

Anxious to participate in the economic recovery, the Chambers of Commerce argue that France gets a real industrial ambition. They want to make 2013 the year of the industry. They offer a one-stop financing industrial area to help entrepreneurs to find funding.

The launch of a contingency plan to enable SMEs to enter new markets is asked to stop the decline in the number of exporting companies that are not more numerous in 2011 than in 1995. Large groups will be forced to work with "a share of SMEs and SMIs in the French part of their contracts together abroad."

Noting that France is over-managed and that the powers of territorial and state overlap, chambers of commerce and industry urge a simplification of territorial yarrow, strengthening the role of cities and best use of ports or airports. "It is possible to create a% of GDP higher if we reflect on the cities and provide 1% of GDP higher by focusing on the ports of Marseille and Le Havre," said Jacques Pfister.

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In Rome,

Even Professor Monti can not perform miracles. In the Document for Economic and Financial (DPEF) covering the years 2012 to 2015, on Wednesday approved Wednesday by the Cabinet, it is written that Italy will experience a recession in 2012 equal to 1.20% of GDP. However, until now, the government expected a 0.4% growth this year. The activity will walk away from the front in 2013 – timidly – to double next year to 1.2% in 2015.

Logical consequence of this failure of growth, the government recognizes that a balanced budget, wielded far as priority, will struggle to be reached in late 2013. Vittorio Grilli, Deputy Economy Minister now speaks of a deficit of 0.5% of GDP next year, adding that "overall structural balance and not episodic" is reached. A scenario much more optimistic than the IMF in its forecast released Tuesday estimates that Italy will not reach equilibrium before 2015.

Another sensitive indicator: public debt, which stood at 123.4% of GDP at the end of last year. It would decline to 120.3% this year, 114.4% in 2014 and 110.8% in 2015, when the simplification and liberalization adopted earlier this year will come to full speed, generating additional growth assessed 2.4% of GDP in 2020.

In presenting these figures, the chairman, Mario Monti, sought optimistic: "Our action has demonstrated safety of the public accounts. We will have a primary surplus (excluding debt service) of 3.9% next year. " Despropos primarily for financial markets, which have recently hosted the Italian slippage. MIB30 index of the Milan Stock Exchange closed sharply lower by 2.29%.

The balancing act that requires Mario Monti has become particularly difficult fast payday loans. It must assure citizens that their efforts are, not to undermine confidence without complacency. Mario Monti has paid tribute to the sacrifices "very high" imposed on the Italians, "we are fighting every day to avoid the fate of Greece," he said, deliberately severe.

But in a country where the tax burden – 45.1% of GDP – reached a record high and unemployment was 9.3%, an increase of rigor seems now to be excluded. The salvation is through more growth. This is why the government on Wednesday adopted a national reform agenda based on five priorities, which will mobilize tens of billions of euros. The 'major projects and public infrastructure "alone include 20 billion euros in public funding per year for three or four years for priority equipment, rail, road, airport, hospitals, schools, … Another sensitive issue: the immediate payment of the arrears that the state owes to private companies, whether of central or local governments. Twenty billion euros of state guarantees will be released to allow private creditors to enforce them at banks. Six billion will also be reimbursed immediately by local governments. Tax incentives, practical support to business creation and drastic simplification of administrative procedures should also encourage the resumption of activity. An effort of three billion euros a year for twenty years will be made in favor of renewable energy. Finally, the Senate passed Wednesday on a final golden rule placing a balanced budget in the Constitution. Mario Monti handling is the core growth budget and stick.

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It speaks only of "it": family, friends, in shops, on leaving school … Less candidates in the presidential election evoke, he obsesses over the French. "It" is the higher taxes will fall on taxpayers in the coming months. For if not all are promised the same tax hell, few people are certain to escape. ISF for VAT through the income tax, local taxes or the CSG, all candidates for president – without exception! – Promise to raise taxes. More than seven in ten French expect, according to our survey Opinion Way – Fiducial.

Recognizing the need to redress the public accounts, the French are frankly skeptical about how go about policies. According to our survey, 83% believe it would be better to start by addressing the reduction of public expenditure. Las … Both favorites of 6 May, Nicolas Sarkozy and François Hollande, have detailed these days their tax proposals, which leave little doubt about their intentions.

Click on the thumbnail to enlarge the graphic.

Side of the president candidate, it is argued that the rebalancing of accounts goes to three quarters by controlling public spending. Higher taxes will do that for one quarter. Moreover, it adds in the entourage of the head of state, the bulk of tax increases has already been voted. In recent months, 32 billion in new revenues were indeed acts by Parliament and began to take effect. It is largely due to the increase in the tax burden that France was able to record a deficit lower than expected in 2011: 5.2% of GDP instead of 5.7% originally expected.

The reduced VAT rate increased from 5.5 to 7% in late December (except for staples). Social charges on savings have been identified, tax loopholes, planed, and an outstanding contribution is requested with the highest incomes. A total of 11 billion euros of additional levies on households' most-favored "have been decided," because the solidarity required "at this time of crisis, Nicolas Sarkozy justified in his Letter to the French. How to respond to the argument of "tax giveaways to the rich made" repeated by his opponents to long speeches.

Conspicuously absent from the count of the president candidate, rising by 1.6 percentage points of VAT, already passed, is expected to come into force on 1 October. "It is not a levy increase, as it will be fully offset by reductions in social charges on low wages," says one of his entourage. Not sure this is enough to convince the French, skeptical of this "social VAT" (52% opposed, according to our survey).

Nevertheless, it remains to be Nicolas Sarkozy another 8 billion euros to find to meet its goal of a return to 3% deficit next year. But the UMP candidate has promised if re-elected, "no tax increase will weigh on households', except the famous" tax on tax exiles, "which he expects 500 to 700,000,000 euros year.

tax reform is the No. 1 priority of Holland

With Francois Hollande, however, taxpayers will not have completed the tax increases. If elected, the Socialist candidate wants to make tax reform the "mother of all reforms" of his five years. He warned that the tax burden would contribute half the recovery of accounts of the country and announced a forty billion of new taxes, of which 16 billion would weigh on individuals, especially the "most affluent". The team of the socialist candidate is careful to note that these increases would be added to those of M. Sarkozy … because, apart from the increase in VAT on books (from 5.5% to 7% since April 1) and the "social VAT", the PS candidate does not come back on measures already enacted.

By the summer, according to its "road map" published on April 4, Parliament would be asked to vote shock measures announced during the campaign, such as capping of tax loopholes to 10,000 euros per year, great tranche of 75% for revenues of over EUR 1 million, but the end of the tax exemption of overtime.

Despite this clarification in the calendar, remains a big blur of headlights more ads. For example: measures of higher taxes on income, such as super-slice or ceiling niches, would come into effect this year or January 1, 2013? The tax on millionaires would it apply to income tax or the home, such as tax practitioners presentiment, by hand? What about the ISF – payable in June – that Francois Hollande plans to burden? Would it be postponed until September? Is there a tax shield to 85% of income as suggested by the candidate? His entourage of these questions is swept out of hand: "These are questions for a budget minister, not a candidate as president." Tuesday, Michel Sapin, in charge of the socialist project, said the super slice to 75% would last "as long" as the recovery of the finances of France require.

Beware of leaving headquarters

Meanwhile, it was panic. Tax consulting firms claim to be inundated with requests for expatriation. "There is a before and after 75%," says a Parisian tax. Unprecedented fact, artists stamped on the left as Jamel Debbouze have spread in the media against proposed tax of Holland. Francoise Hardy has even been suggested (Paris Match 5 April) that it would move to London if they win socialist. Not sure that her friend is still a rose … Especially as the Socialist candidate, in reply, accused the stars of "whining" about their taxes! But the Dutch team, in private, multiplies the reassuring statements. The super slice? This is to "send a signal to the bosses of the CAC 40 and their extravagant salaries," they say. Everything will be done to protect athletes and artists (how? Mystery, equal taxation is a constitutional principle sacrosanct).

And for everyone else? For the Socialist tax plan, if passed as is, would increase the rating of millions of taxpayers, far beyond a few hundred privileged, as shown by simulations that we have asked the Cabinet Delsol Lawyers. Certainly, large estates and high income are at the forefront. But they are not alone.

Take the alignment of taxation of capital income on those work. This provision "could have important implications for public shareholding," warns Mathieu Le Tacon, Delsol of Lawyers, which states that dividends are already taxed once at the corporate income tax (33.3%) in the company before being taxed at the shareholder. The taxation of overtime? It will affect many employees, and 235,000 teachers who have won, thanks to them, additional one billion euros last year.

]]> http://oursaviorsalbany.org/taxes-what-lies-ahead/feed/ 0 http://oursaviorsalbany.org/suicides-post-freezes-its-reorganization/ http://oursaviorsalbany.org/suicides-post-freezes-its-reorganization/#comments Sun, 18 Mar 2012 17:04:15 +0000 admin http://oursaviorsalbany.org/suicides-post-freezes-its-reorganization/  

Unions of La Poste have been heard. Rocked by three suicides in six months, the postal group has taken the measure of social malaise that reigns within its walls. According to the Journal du Dimanche, its CEO, Jean-Paul Bailly, is expected to announce Monday a suspension until September of the reorganization of the branch e. A break of nearly six months during which discussions will be held with employees to improve their working conditions. At the local level, first, the regional offices of the Post Office will begin negotiations on the reduction of work patterns in post offices. At the national level, then, Jean-Paul Bailly launch the establishment of a "social warning unit" and could also release a budget to support the weakest agents, specify the sources cited by the weekly Sunday. Contacted by The Figaro.fr, the group was not immediately available for comment.

La Poste has accelerated its timetable for ending the crisis, after the suicide last Sunday as part of a group in Britain. In a folder left behind, this forty, who had been off long illness since November and was found hanged at his place of work in Brittany, had denounced a hard three years from its hierarchy. This was the second suicide in Breton Post in ten days. February 29, Jeremy Buan, a senior of 28 years, had committed suicide by jumping from the top floor of La Poste in Rennes, in the Ille-et-Vilaine. He too had reported his "outstanding work" in a letter released by his partner. Immediately, the Post Office had opened on Tuesday for talks with the unions on "health and welfare at work", promising that "proposals" would be made "before summer".

The bracketing, albeit provisional, of the restructuring of the business mail should satisfy the unions who denounced social climate "anxiety" since the suicide last September of a 52-year employee who was, also, défenestrée the fourth floor of the financial center of the 15th arrondissement in Paris payday loans. "This situation is unfortunately not unique to the post office," said Antoine Le Séguillon this week, a union representative GSC in Figaro.fr. "And it is not unique to Britain," he said hoping that the leadership would engage quickly "concrete actions".

Action plan against erosion mail

Faced with the erosion of its mail business, which it considered that the volumes would collapse by 30% over 2008-2015, the Post Office had drawn a new plan in 2009. Jean-Paul Bailly had emphasized that this branch should "reinvent themselves" by offering new services. Gradually, the schedules of post offices have been extended throughout France, robots have been installed to reduce waiting times for customers and, last September, The Post has completely redesigned its line of mail.

A strategy that has "paid off", welcomed the group during the presentation of its annual results on March 8. While lower volumes continued with a decrease of 3%, after falling 3.3% in 2010, the mail business recorded a turnover stable at EUR 11.5 billion (+ 0.3%), more than half of the total activity of La Poste. But for the unions, these good results have been costly to employees. According to the CGT, it was obtained "at a price of 10,091 job cuts" and an increase in sick leave.

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EU leaders breathed a sigh of relief Friday after the success of the voluntary exchange of Greek debt, 85.8% subscribed by private creditors. Within the euro area, this is Nicolas Sarkozy, who hosted the agreement with more enthusiasm. "I am pleased that we have found a solution to the Greek crisis plaguing the financial economic situation of Europe and the world for months," welcomed the French president, traveling to Nice election. "With Angela Merkel we worked day and night to find a solution," he recalled. "Today, the problem is solved, and the page of the financial crisis is beginning to turn" it was welcomed.

In Berlin, the reaction was more cautious. According to the spokesman of the government of Chancellor Angela Merkel is "encouraged" by the agreement. "It would be a big mistake to give the impression that the crisis is resolved," warned the German Minister Wolfgang Schauble Finances.Pour "an important step was taken, but we are not out of the woods."

The agreement sealed between Athens and its private creditors will erase 107 billion euros of debt, a total of 350 billion. This is a historic debt reduction. It must allow the Greek debt, which now reaches 160% of GDP, reaching 120.5% in 2020, a ratio similar to that of Italy.

"This agreement allows more to protect Europe from Greece to help that Greece itself" summarizes Jacob Kirkegaard, a researcher at Washington. Photo credits: Kostas Tsironis / Bloomberg

A record. Triplex of 780 m2 in the heart of the capital is on sale for 46 million euros. With 60,000 euros per square meter, this is the first time a well as expensive is listed in Paris. This luxury apartment, located 42, avenue du Président-Kennedy in the sixteenth district, was inhabited in the early 1960s by the legendary couple of French cinema, Alain Delon and Romy Schneider. Overlooking the Seine, in an upscale neighborhood of the capital, it boasts an unrivaled location.

Some parts of the apartment are furnished in a modern style. Photo Credits: Paris West Sotheby's International Realty

Although occupies an important place in the French economy, SMEs – firms employing fewer than 250 employees – are content to play second fiddle to export. They represent less than 18% of sales generated abroad by France, while firms with more than 1,000 employees generate 39% of its amount. And the number of exporting SMEs has been declining in recent years. It took until 2010 for companies embarking on exports (28,900) are more numerous for the first time in eight years than abandoning international markets (26,000). This weakness is particularly disturbing that the French trade deficit worsened to reach a record 69.6 billion euros in 2011.

A series of measures to encourage partnerships

"Entrepreneurial culture does not lead French SMEs to turn spontaneously to export, unlike Germany and Italy where entrepreneurs naturally think to foreign markets to grow their business," says Jean-François Roubaud, president of the CGPME, in a draft opinion "Winning the battle of SMEs with export" submitted today to the vote of the members of the Economic, social and environmental.

To give new impetus to French exports, Jean-Francois Roubaud offers a series of measures ranging from improved business support for encouraging partnerships between large companies and SMEs. It recommends that regions create a "single window for export involving all stakeholders who can help companies" or "Export House" by drawing on the example of Lille. SMEs also need to have information "relevant and immediately usable" to enable them to quickly understand what are the growth markets and declining and who are their competitors. Inspired by the Swedish, France could adopt a "true diagnostic tool" to identify firms capable of exporting.

Billing policy

Despite efforts in recent years, the president of the CGPME observed that coordination between the public can be improved. He believes that the financial institution Oséo public must become "the main contact for funding" by resuming activity insurance prospecting Coface. This insurance allows SMEs to finance their business development and to be compensated in case of failure. Ubifrance under the Ministry of Economy should clarify its public service mission and its activities in competition with chambers of commerce. This would save public money. Its billing policy is also to be revised. Latest proposal: to encourage the economic patriotism of large groups, governments are encouraged to vary the amount of aid awarded to international contracts won by the largest corporations based on the part of activities carried out by SMEs.

]]> http://oursaviorsalbany.org/smes-weak-link-of-french-exports/feed/ 0 http://oursaviorsalbany.org/management-finance-salaries-in-hiring-on-the-rise/ http://oursaviorsalbany.org/management-finance-salaries-in-hiring-on-the-rise/#comments Sun, 12 Feb 2012 15:32:17 +0000 admin http://oursaviorsalbany.org/management-finance-salaries-in-hiring-on-the-rise/  

Many of vacancies, but demanding industry on skills and candidates who sought are upping the ante: all the ingredients were there in 2011 to boost wages for employment.

Indeed, according to the latest study by Robert Half, executive compensation in finance and accounting have increased 5 to 10% compared to 2010 on trades in vogue as management control, financial control and audit internal. A management controller with three to five years of experience and could expect between 40,000 and 63,000 euros gross per year. Accountants, whatever their level, have also benefited from the situation. Now, the gross annual salary of a single accounting with five years experience ranges from 30,000 to 34,000 euros gross. That of an accountant suppliers or customers is between 22,500 and 27,500 euros, depending on experience.

Offer prospects for premium

According to the annual survey of salaries Expectra 2011, the highest salary increases related to the management controller (+10.8%), the administrative and financial (+9.3%) and the Financial Analyst (6 + , 5%).

All companies have not yet joined the trend. At risk for more cautious, to see quality candidates decline their offer. No doubt they will be more flexible on wages to convince the best. Even suggest the prospect of premium for not going out of the pay scale. But in these trades, the variable portion rarely exceeds 10 to 15% of fixed salary.

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