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States are investing heavily in security

A camera that sees through walls, an exoskeleton that multiplies the forces, a drone the size of a bird that monitors the movements of crowds, vehicles, robots intervention in hostile environments, a tomograph – the equivalent of the scanner for human beings – which reconstructs 3D inside a bag and is able to identify explosives, a fingerprint reader that makes the difference between a real and a fake finger through its ability to "see" veins, a machine for biometric identification based on iris scanning or face … It's not the gadgets James Bond, but some of the amazing technological innovations that are presented Milipol, the first World Fair Homeland Security states, including the 2011 (from 18 to 21 October, Porte de Versailles in Paris) opens its doors this morning.

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

Slovak vote weighs on the Paris Stock Exchange

The Paris Bourse is down on Wednesday. The CAC 40 lost 0.90% in the early morning to 3125.97 points. As on Wall Street and in Asia this morning, traders react to the strengthening of the Slovak non-European Financial Stability Fund (EFSF). This decision increases the risk of paralysis in the euro zone, while the French and German leaders have promised a plan to end the crisis before November.

Slovakia is the only one of 17 countries in the euro area has not ratified the agreement of July 21 the European governments, which plans to give the EFSF new powers including increasing its lending capacity to 440 billion euros.Bratislava, however, raised the possibility of a second vote in Parliament, in which the opposition Social Democrats would support the strengthening of EFSF, but no date has been set for the eventual election.

Regarding the Greek case, the inspectors of the "troika" announced Tuesday it had completed their assessment of the austerity measures taken by Greece. These must still be endorsed by the euro area and the IMF, which should allow Athens to receive a new tranche of aid in early November. But nothing is less certain. The IMF is more pessimistic about the future of Greece. "The recession will be deeper than anticipated in June and a recovery is now expected that from 2013," said he.

The results of Alcoa concern

Another source of pessimism: Alcoa, which sent a new signal concern on global growth.The largest U.S. aluminum, opening the ball across the Atlantic Publications, reported Tuesday a quarterly profit below expectations. Group CEO, Klaus Kleinfeld, anticipates slower growth until the end of the year.

Also in the commodities sector, the Organization of Petroleum Exporting Countries (OPEC) also gave evidence of a slowdown in the global economy by scaling back its forecast for global demand for crude in 2011 and 2012 for the third consecutive month. The barrel of "light sweet crude" for November delivery lost $ 1.04 in electronic trading this morning at 84.77 dollars. Barrel of Brent North Sea crude for November delivery gave 74 cents to 109.99 dollars.

As for currencies, the euro stabilized against the greenback despite the Slovak vote.The single currency is worth 1.3630 dollars this morning.

In France, INSEE has announced that consumer prices fell by 0.1% in September from the previous month and rose 2.2% year on year. Industrial production in the euro area will be known by late morning.

Values ​​to follow

Natixis (-2.81% to 2.35 euros), Dexia (0.14% to 0.81 euros)

Fitch affirmed the A + Group BCPE (People's Bank – Savings Bank) and its subsidiary Natixis. The agency also announced it has lowered the long-term rating of Dexia Bank Belgium from A + to A and affirmed the rating of Dexia to A +.

Credit Agricole (-1.60% to 5.35 euros), BNP Paribas (0.80% to 33.71 euros), Natixis (-3.47% to 2.34 euros)

The Societe Generale analyst lowered his recommendation to buy to keep on Credit Agricole with a target price of 5.5 euros and noted its board to keep BNP Paribas to purchase with a target price of 37 euros.The analyst went on sale on Natixis with a target price of 5.6 euros.

ArcelorMittal (-1.29% to 13.82 euros)

The group could be affected by the release of disappointing Alcoa.

Vilmorin (-0.55% to 72.80 euros)

The group is a slight decline in organic growth of the new fiscal year 2011-2012 due to uncertain economic conditions and the impact of weather in the summer of his crops of maize seed.

Transgene (-1.85% to 7.97 euros)

The group intends to continue the clinical development of its TG4040 against hepatitis C infection, the drug has met its primary efficacy endpoint in spite of severe side effects.

Plastic Omnium (-1.64% A17, 99 euros)

Plastic Omnium Auto Exterior, 100% subsidiary of Compagnie Plastic Omnium, has signed an agreement for the acquisition of 100% Plastal Poland."This agreement is subject to the approval of competition authorities of Poland," the group wrote in a statement.

Areva (-2.13% to 22.02 euros)

Luc Oursel, CEO of the group, will be heard at 10 am by the Economic Affairs Committee of the National Assembly. According to a parliamentary report stage, the nuclear expert may have to include new provisions in its accounts to meet the costs of the Finnish EPR.

Foncière Paris France (0.50% to 100.50 euros)

The Board of Directors of Foncière Paris France (FPF) on Wednesday rejected the takeover offer filed by October 7 Paris Vaugirard Hotels Roissy (PHRV).31.4% owned by Allianz, 31.4% and 31.1% Covéa Cofitem-COFIMUR, PHRV offer 100 euros per share, a premium of about 8% to the closing price the day before the offer .

Lagardère (-1.16% to 19.17 euros), EADS (-2.19% to 21.92 euros)

According to BFM on Wednesday, Arnaud Lagardère began to establish conditions to lead the board of the group.It gives Airbus souhiate real certainty about the development of the A350 program.

NextRadioTV radio (-1.8% to 10.85 euros)

HSBC raised its recommendation on Wednesday as underweight to overweight, preferring that value to NRJ.

Air France-KLM (-1.28% to 5.30 euros)

Transport Minister Thierry Mariani implicitly confirmed Wednesday the next appointment of Alexander Juniac, former chief of staff Christine Lagarde at the Ministry of Finance, the General Manager of the airline.

Ipsos (0.75% to 25.49 euros)

The French specialist market research has completed the acquisition of British rival Synovate, based on an enterprise value (including debt) of 525 million pounds (596 million), he announced Wednesday.

Casino has released its sales for the third quarter after-hours trading.

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Investing in a student residence

For two years, investment in student residence has regained color, thanks to the encouragement of the state. But this should not last because the draft budget law for 2012 provides the tax benefit to plane provided by the device Censi-Bouvard. 18% today, the tax reduction will be reduced to 12% next year. A bad blow to student housing. "We feel the need for housing to 250,000 and this measure goes against the will displayed by the government to double the park students, said Philippe Josse, General Manager at Bouygues Immobilier France accommodation. It seems desirable to distinguish between corporate residences, tourism, nursing homes and students and to encourage investment in priority. "Meanwhile, Jean-Philippe Bourgade, CEO of Bouwfonds Marignan, remains serene."We must not dramatize and expect a decline in business because, anyway, it will be built to meet the needs, he says, the market is healthy to five years. We have done an excellent year in 2010 and 2011 should also be a good year, especially as sales are accelerating. "It is a fact, like last year, investors expect the decline in tax cuts .

Those interested now they still have time to buy and enjoy the scheme Censi Bouvard-current? "Of course, exclaims Jean-Philippe Bourgade, the offer still exists," It is also necessary to achieve the sale by the end of the year. "Considering that the deed of sale requires time and a half months, investors have until mid-November to engage," says Philippe Josse.If the investor has the status of renting dwellings unprofessional (Leaseback), the device will be Bouvard Censi-acquired and will give him until 31 December, a tax reduction of 18% on the amount of its investment (HT), reduction spread over nine years, subject to a ceiling of 300,000 euros. Since the signing of a commercial lease, the investor is also entitled to recover the VAT at 19.6%. Provided he keeps his property for twenty years. Otherwise, the IRS will not hesitate to claim his due in proportion to the missing years.

Nevertheless, this type of investment must be carefully considered.For if it can reap tax savings, it also implies constraints.

Investing in a student residence is to buy a home in a building designed for student life, with only small areas (studio, 2 rooms maximum) and provided with services to facilitate the lives of occupants: reception, cafeteria, laundry room study, recreational areas … The entrance ticket is modest, about 80,000 to 100,000 euros for a studio from 18 to 20 m².

The investor undertakes commercial lease of at least nine years to rent a well furnished and to entrust the management to the operator of the residence which will then sublet the property and rental income to pay the investor.Care must be taken when the load distribution and quality of the operator.

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Public debt reached 1.692 trillion euros

French public debt continues to swell. It increased by 46.4 billion euros in April-June, peaking at 1.6927 trillion euros, INSEE reported Friday. This represents approximately 86.2% of gross domestic product, that is to say, the wealth generated by France in one year.

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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Free attack frequencies 4G mobile

Back from holiday, the State Council will settle a sensitive issue: that of 4G mobile radio frequencies, auctioned by the government. The decree, signed June 1 by Eric Besson, Minister of Industry, is already the subject of three appeals to the supreme court, each time for different reasons.

According to our information, took the Free State Council on the grounds of discrimination arising from immediate payment of licenses. Clearly, the group founded by Xavier Niel challenges the accepted methods of payment, which would contribute to groups with deep pockets compared to smaller players. A hearing is scheduled for Free August 30. Contacted, the operator declined to comment.

The union CFE-CGC Orange contests, too, this decree, as Le Figaro had revealed early June.He has since joined the union in its approach national telecom SNT-CGC, representing employees of private operators SFR, Bouygues Telecom and Free, but the federation of metallurgy CFE-CGC, representing employees of suppliers such as Alcatel or Sagem. Their common folder was filed Aug. 16 in the litigation section.

Interference of DTT

The angle of attack is different unions accuse the bidding, among others, of not taking sufficient account of the criterion of employment and require a location clause jobs in France. The appeal challenges the "non-compliance with employment goals assigned by law to the Minister and Arcep and discriminatory treatment under the DOM in violation of constitutional principles of equality of citizens and uniqueness of territory, "said their lawyer Anne-Solène Gay YGMA cabinet flexcheck cash advance.The third appeal was, himself, was filed in early July by Bouygues Telecom, this time on the grounds that the 4G does cause harmful interference and blur the TNT television in 20% of households. "This interference will have a major impact: TVs will not work, it will be black screen. TV makers should take into account now. That the State to determine precisely the measures to be taken ", had explained to Le Figaro Roussat Olivier, CEO of Bouygues Telecom. The bill to address the problem arising between 500 million and 1.7 billion euros, according to Bouygues Telecom. Asked yesterday, the group, which seized the State Council on June 24, had not received any feedback yet.

This file is a sensitive issue for the government, which has removed the minimum frequency of 2.5 billion euros for the state budget.For Eric Besson, the tender is "balanced", encourages competition and land use, while promoting the best heritage of the state.

New stage of the digital revolution, these frequencies are strategic for 4G operators. 4G should help relieve the current mobile networks and provide new services by multiplying by 50 the flow of the mobile Internet. Deadlines are tight now, because the operators must first submit their application before September 15.

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Budget: final arbitration to save 10 billion euros

"Real estate: the cropped Scellier

"Niches: plane and down the ceiling

"Companies: rising social package

"Other tracks: capital gains on the hot seat

Operation must! The government will this week attempt to convince the financial markets on its ability to control public finances. François Fillon unveiled late Wednesday afternoon in the presence of Baroin and Valerie Pécresse, the Ministers of Economy and Budget, the new conservation measures for France to retain investor confidence and its " AAA. "

The government enters the final stretch trade-offs. François Fillon and Nicolas Sarkozy meet to sort the list of suggestions made last week by Bercy (and amended by the relevant ministries) and begin to remove some tracks.Then the president and prime minister Wednesday to finalize the measures to adopt.

The government did not release the extent of the plan, but it evokes an effort between 5 and 10 billion, and a trend towards the top. The turn of the screw will break down between savings on public spending and further cuts in tax and social niches.

On this last point, the government does not start from scratch. The measures that were passed in the fall (tax on marriages, on the solar panels, niches plane, etc.). Will yield 2.4 billion in 2012. But we'll have to do much more. There is another month, the government did not request such an effort to households and businesses. He planned to take samples of only 3 billion. With 2.4 billion already in the pipeline, the step to take was minimal.But since the degradation of "AAA" rating from the United States, France finds itself under pressure from the markets. Even if it borrows at low levels (2.74% at ten years), a sign of confidence that it continues to generate, France must do everything to protect his note. For if it were lowered, the state should borrow at higher rates. According to the Court of Auditors, an increase of one point would increase the debt burden of $ 2 billion the first year. To prevent a runaway cost of debt, the government should not deviate from its route.

Increase in the social package

Paris has pledged to reduce its public deficit to 5.7% of GDP in 2011 and 4.6% in 2012. This objective was particularly complicated since the Insee reported zero growth in the second quarter. Bercy forecasts an increase of 2% of GDP in 2011 and 2.25% in 2012 now seem too optimistic.On average, economists expect now on a 1.4% growth next year. However, less growth means less tax revenue and more spending for the state, the social security and local authorities. Without necessarily announcing Wednesday a revised its growth forecasts, the government is obliged, if he wants to keep its deficit targets, to take austerity measures …

Increase in the social package for businesses, new plane and lower overall ceiling of niches, penknife devices ultramarine and real estate … the tracks are not lacking. The government also provides measures for the social security system, not to mention taxing very high incomes as suggested on Wednesday, Maurice Levy, president of Publicis and the Association of Private Enterprises (Afep), in an article in Le Monde ."We need efforts that will be requested to the French are fairly distributed," assured the same day Valerie Pécresse on Europe 1. The measures adopted will be included in budget 2012.

France can she get into the spiral of Greece, where budget cuts exacerbate the recession, which in turn widens the gap? A priori not. This year, increases in taxes, resulting from the measures passed in the fall, reached $ 12 billion. Without destabilizing the country.

Real estate: the cropped Scellier

Before the crisis, Bercy was considering reducing benefits. The pressure is greatest.

• Law Scellier

The niche Scellier reduces its tax by investing in rental real estate. It was expected that the tax reduction equal to 22% of the investment in 2011 reaches 18% in 2012.The reduction could fall to 15%.

• Ready to zero +

There are plans to reintroduce a means test for the loan (PTZ), in order to focus on vulnerable households.

• Capital gains on real estate

The capital gain on the sale of a principal residence will remain tax exempt. For other assets, the gain is taxed at 19%, plus 12.3% social. However, there is a reduction (10% per year after five years in prison) that applies to the capital gain and will disappear for undeveloped land for building. It is also the question of decline (eg 5%) for other goods.Another track: the system of reduction of the gain disappears for the payment of social security contributions.

Niches: plane and down the ceiling

The tax loopholes will undergo a new movement of the plane after the last year which affected 22 devices (Scellier, actions overseas, the tax credit for environmental equipment in the house). The rate of tax reduction was reduced by 10%: a rate of 50% was increased to 45%, a rate of 25% to 22% … The measure, however, has yet to be felt, because the first plane applies to the income tax paid in 2012, sitting on the revenues of 2011. The government planned to meet the plane in 2011 (eg 15%) and pass a new tax on plane sitting on the revenues of 2012.
Widely used devices, such as overseas benefits or tax credits for equipment of the house will still be trimmed.MPs want all the niches are planed. Others will disappear. In addition, the overall ceiling of niches, set at 6% of income over 18,000 euros, will be lowered.

Companies: rising social package

Social package, paid by companies on the profit-sharing and employee savings, should be increased from 6% to 8%. Expected gain: 400 million euros. Since its inception in 2009, the government increased the fee by 2 points every year! Systems loss carry-on prior and subsequent, which limit the corporate tax should be reduced. They benefit primarily to large companies but the government wants to rebalance the tax burden with the small. The carry-back would
limited to one year. And to carry forward losses from the profits would be capped.In Germany, the losses charged can not exceed 60% of the profit. However, the idea of ​​limiting the deductibility of loan interest is difficult to implement.

Tax on very wealthy households

The government pledged in the spring to tax high incomes, and a working group must report its findings in the fall. Two tracks are at this stage on the table to non-deductible from corporate income tax payments "extravagant" or create a new tax paid by very wealthy households. The latter option holds the rope in the government because it has the support of parliamentarians. Gilles Carrez, the rapporteur of the budget UMP
in the Assembly, propose to tax at a rate of 1% or 2% revenues exceeding one million euros per year. But Peter wants Méhaignerie the new tax applies from 150,000 euros to 200,000 euros in annual income for a couple.The lively debates ahead!

Other tracks: capital gains on the hot seat

Gilles Carrez wants the taxation of life insurance is carried over the water each year on their earnings potential, while households are now taxed when withdrawn at a variable rate depending on the length of detention ( 7.5% after eight years). Another idea: adjust the taxation of life insurance, whether it is placed in shares or products without risk. The UMP Jérôme Chartier wants to create an additional ceiling on tax loopholes, reducing to 50% of tax due from the advantage of niches. But Bercy is not favorable. Finally, many parliamentarians call for the removal of reliefs on capital gains from stocks and bonds (third year in excess of five years from 2012).

The Standard & Poor's removed the "AAA" rating from the U.S.

The rating agency Standard and Poor's lowered the rating Friday on the public debt of the United States, deprived of their "AAA" for the first time in their history. S & P said in a statement it had lowered the rating a notch, the best possible, to bring it to 'AA +'. It also downgraded the outlook to "negative", which means that Standard and Poor's believes that the next time the note will change, it is to be lowered again. The United States were rated "AAA" by S & P since the creation of this agency in 1941. They remain in the other two major agencies, Moody's Dean (since 1917) and Fitch Ratings.

Standard and Poor's, which had warned in April that it was considering lowering, justified its decision with "political risks" to see the country taking insufficient measures against its budget deficit.For her, the political debate on these issues is not up to the problems caused by a debt of more than 14,500 billion. "The plan for balancing the budget on which Congress and the Executive have recently agreed is insufficient compared to what, in our view, would be needed to stabilize the dynamics in the medium term public debt" said S & P, citing the law known as "control the budget" passed Tuesday.

"The last victim of the failure of President Obama"

John Chambers, President of the Evaluation Committee of S & P, said Friday on CNN that Washington could have prevented the lowering of the notes within the ceiling earlier. He said the responsibilities were shared by the Administration and Obama, but also "the previous administration." The first political reaction in Washington have shown blocking pointed to by S & P.Mitt Romney, candidate for the Republican primary, has called the reduction of "latest victim of the failure of Obama on the economy." The Senate Democratic leader, Harry Reid, has instead called for "a balanced approach to deficit reduction," with spending cuts but also increases targeted taxes, it rejected the Republicans, under pressure ultra-conservative "tea parties", when discussing the debt.

For its part, the U.S. government has accused S & P based its decision on serious errors in calculations payday loan. "An appraisal contains an error of 2000 billion dollars speaks for itself," said the press spokesman of the Department of the Treasury. U.S. media said the government had severely challenged the projections of analysts of the agency after reviewing the findings of S & P. In vain."We take our responsibilities very seriously, and if at the end of our analysis, the commission concludes that a note is not to where it should be, it is our duty to make this decision" justified Reuters responsible for rating sovereign debt within the S & P, David Beers.

China demands U.S. action

The loss of this seal of excellence is expected brutal impact on the financial markets, difficult to imagine right now. The U.S. Treasury is an undisputed reference: a standard cost of money, an instrument normally used as "collateral" (guarantee) in a variety of transactions, and a refuge for investors in troubled times. "Uncertainty about the effects on the market is high," said recently the investment bank Goldman Sachs, exploring the potential consequences.The lowering of this note should indeed force investors to reassess risk widespread.

The S & P announcement came as the markets had closed for the weekend, but initial reactions are mixed from Asia. The Japan, the second holder of U.S. debt world, assured that his confidence in the U.S. Treasury and its strategy of purchasing these bonds were unchanged. But China, by far the world's largest creditor United States, found that she had "every right now to require the United States to address their structural problems of debt."

The United States had their public finances sealed by the harsh recession that crossed their economy from late 2007 to mid-2009. Since then, economic growth has returned, but they are not able to restore the health of their public finances.According to estimates by the International Monetary Fund, they should acknowledge this year, with about 9% of GDP, the highest budget deficit of the G20 countries, except Japan. It is sixteen countries rated "AAA" by Standard and Poor's, four of the G7: Germany, Canada, France and Great Britain.

(With AFP and Reuters)

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The CAC 40 is expected to start the session in the red

While Wall Street ended the session and declined Friday Asian stock markets see red on Monday morning, the CAC 40 should continue to decline at the opening and drop 0.3% to 3908 points according to the contracts' future. " The session will mark the beginning of earnings season in the United States, with the aluminum giant Alcoa. Investors also remain attentive to the advances of the new meeting of central bankers in the euro area held Monday in Brussels.

Van Rompuy, Barroso and Trichet, heads of three major European institutions – the Council, the Commission and the Central Bank – in fact, find themselves on Monday morning to spur the seventeen countries of the euro, still unable to s' hear about mounting a second rescue plan for Greece.Then the seventeen ministers of finance are again struggling in the afternoon of the participation of private creditors (banks, insurers and pension funds) to finance the 110 billion euros expected by Athens. In addition, concerns are doing now in Italy. Friday, the country has seen its returns soar. Rumors about a possible resignation of Finance Minister Giulio Tremonti, would have triggered the movement.

The United States are also penalized by a debt record. Barack Obama finds MPs on Monday. He said Sunday night, before a meeting with key members of Congress, he "must" that Congress reached agreement on the debt within 10 days. Otherwise, the U.S. could default on August 2. The President will also hold a press conference on Monday.

Chapter Macroeconomics always INSEE reveal the level of industrial production in May.

Global sales of Renault and record values ​​on the side, investors will follow the announcements that Renault must publish its results this morning, trading in the first half before Peugeot tomorrow. Carlos Tavares went to the site of Flins Monday. Renault has announced an increase of 1.9% of its global sales in the first half, the strength of demand abroad offsetting supply problems it encounters in Europe.The group also expressed its willingness to establish a new sales record this year by selling more than 2.6 million vehicles due to its growth internationally and despite the poor performance in Europe in the first half, he said Monday.

Moreover, the energy values ​​might react to the launch of the tender giant (about EUR 10 billion) government on the construction of an offshore wind farm with a capacity of producing 3000 megawatts. Several candidates have already expressed: the consortium Su ez GDF, Areva and Vinci, another consortium Areva and combining the Spanish giant Iberdrola, EDF EN and all, Alstom and Dong Energy. E. ON and EDP-R have also responded to the tender.

Total may write off certain tax advantages.Following the controversy triggered by the imposition of any large groups of the CAC 40, Total could give up to enjoy the tax shelter known as "worldwide profits." The CEO also announced that he would pass to the pump the recent increases in crude oil prices.

Airbus, a subsidiary of EADS, would be willing to sell out to rival Boeing. The European aircraft manufacturer could make significant price reductions to crop market share with its U.S. rival in the U.S., in connection with the tender launched by American Airlines, says the Wall Street Journal. The U.S. airline expects to order 250 aircraft.

On the other hand airlines could face a strike in early August.The union of airline pilots SNPL filed a strike notice for all French airlines from August 5 to 8, written Tribunedans his edition of Monday.

Ipsos could be thwarted in his plans to return to UK Synovate. In fact, the British investment fund would be willing to put 675 million euros for the acquisition of Synovate, the tamping pin to French Ipsos already in discussions with the company for market research, according to information from the Financial Times. The Aegis Group, which owns Synovate, however, have rejected the offer.

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Louis Welsh defends freedom of Air France

"Air France has to make choices according to their needs." This is the answer unequivocally given by the president of EADS hundred members who pushed Air France, earlier this month, Airbus to prefer its U.S. rival Boeing. June 12, a petition launched by the UMP Bernard Carayon called the French airline (15.7% owned by the French government) to show European patriotism, when placing the next order giant had long haul. Expected this summer, the contract of tens of billions of dollars would move more towards a hundred Boeing 787 "Dreamliner."

For Louis Welsh MPs that pressure is unnecessary. "I remind you that 95% of aircraft we are producing for export," says the director in an interview with the Journal du Dimanche.From the first days of the Paris Air Show, which closes its doors Sunday night, the European aircraft manufacturer has announced an almost unexpected rain control, supported by contracts negotiated with the giant companies in emerging countries. Wednesday and Thursday, the group recorded two commands including records, first with the Indian carrier IndiGo, on 180A350, 150 Neo, then with Air Asia, with 200 A320 Neo, is the largest order in the history of civil aviation. "These emerging markets provide the" A "and represent over two-thirds of the global market. Our 730 orders and commitments demonstrate that our products meet the expectations of these new customers, "supports Louis Welsh, referring to the plebiscite met by Neo A320 aircraft during the rally.

Hunt on the lands of Boeing

Overall, therefore, the European group put on emerging countries to take advantage of an aerospace market returned to a "dynamic," says Louis Welsh. If political disagreements today Stems certain contracts, the group can always rely on its broad technological superiority to convince companies of those countries developing their flights to Europe and the United States. And ambitions of the European aircraft manufacturer does not stop there, the group wishes to continue to hunt on the lands of his rival always, Boeing.Referring to the age or obsolescence, of much of the fleet of U.S. airlines, the leader discount surf the success garnered at Le Bourget and "large needs to renew its fleet" (U.S. companies ) to increase its influence across the Atlantic.

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Greece: Europe could put his hand to Portfolio

Rumor conveyed by the German magazine Der Spiegel that Greece had threatened on Friday to leave the eurozone was denied on all sides. "A provocation" by the Greek Minister of Finance, a "dumb idea" according to the chairman of the Eurogroup Jean-Claude Juncker, a "completely fanciful hypothesis" for Bercy.

However, the financial position of Greece has indeed been raised on Friday at an informal meeting in Luxembourg, attended by several Ministers of Finance of the euro area, Christine Lagarde, and his counterparts from Germany, Italy, Spanish and Greek. At that point also to the subjects on the agenda – aid to Portugal, the regulation of financial markets, the successor of Jean-Claude Trichet as head of the ECB – "have not even been processed, lack of time, "says Les Echos on its website on Saturday, citing" a source described as European. "

Accelerating privatization

At the heart of discussions among members of the euro area, the ability of Greece to honor the commitments made in the context of assistance of 110 billion euros granted by the EU and the IMF a year ago. According to Les Echos, the Europeans have been willing, in exchange for new measures of fiscal adjustment, to pay 20 euros to 25 billion additional to Greece, where they would prove insufficient.

A sum which would, according to business daily, covering almost all the financing needs of the country in 2012. With a deficit recently revised upwards to 10.5% of GDP against 9.4% previously, it seems unlikely that in Greece reaches, as originally envisaged, to borrow again by itself on the market bond in 2012 no teletrack payday loans.

Previously, the Greeks will make new efforts, however, warned the Europeans. Including accelerating the ongoing privatization. While the report had planned disposals of EUR 2 billion in 2012, "it will take much more raking Athens, about 25 billion by 2013," said the European source quoted by Les Echos. "If these measures are not sufficient, Greece should further tighten the screws tax," she added.

Debt restructuring again rejected

However, the assumption of a debt restructuring Greek seems once again rejected by the participants.While Lars Feld, one of economic advisers to Angela Merkel on Sunday felt that the restructuring was "the only way forward so that Greece is a little relieved that creditors and help to solve the Greek problem" President of the Eurogroup Jean-Claude Juncker reiterated after the meeting that such an option was excluded.

Greek newspapers have relayed their side, however, the slopes on Saturday morning "workout" soft "after they discussed Friday. The opportunity for Greece not to pay interest rate for two years in exchange rate subsequently increased, or lengthening the duration of bonds maturing in 2011 and 2012 have been particularly considered. The financial situation of Greece will once again be the next meeting of the Eurogroup on 16 May.

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