Registrations of new cars in France fell by 20.7% in raw data in January to 147,143 units, said Wednesday the Committee of French Automobile Manufacturers (CCFA), con ; frequency of the economic climate and comparative unfavorable early 2011. Working day adjusted, in January 2012 with 22 working days counted against 21 in 2011, registrations of new cars in France fell by 24.3% last month. In 2011 and 2010, they had declined by 2.1 and 2.2%, supported by one after the scrappage scheme introduced to the crisis that struck the area in late 2008 and whose effects were felt until the first quarter of 2011. The PSA Peugeot Citroën registrations fell 23.1% last month while those of the Renault Group (Renault and Dacia brands above) decreased by 26.1%. In contrast, sales of Volkswagen in the Hexagon increased by 16.2% (23.2% just for VW).

The typical value of a payday advance is upwards of 1,500 and the sum is usually given over a period of up to 30 days. However, these figures can vary between faxless payday loan lenders and when looking for a payday loan lender it's important to find one that meets your exact needs and requirements.

The European Commission estimates that the pooling of borrowing countries in the euro area could quickly alleviate the current crisis. The counterpart would be a strengthening of fiscal discipline. The President of the European Commission Jose Manuel Barroso (here at a press conference in Brussels April 13, 2011)

The European Commission Wednesday will propose the creation of eurobonds, a system seen by its promoters as a means of achieving sustainable solutions to the debt crisis, but that divides Europeans and has as its corollary a strengthening of fiscal discipline. In a "Green Paper" seen by AFP, the European Commission considers that this pooling of borrowing countries in the euro area could "rapidly reduce" the current crisis.Countries that need external assistance, as now Greece, Ireland and Portugal, should be subjected to "enhanced monitoring", argued Mr Barroso.

The Commission proposals provide for such a development also for the states under the excessive deficit procedure against the limit of 3% of Gross Domestic Product (GDP) set by the Stability Pact. Today, almost all EU countries are concerned. Europe may well require them to review their copy if the budget passed by their parliaments become too lax compared to the common rules of discipline. A proposal that is likely to generate heated debate in national parliaments.

In his Bordeaux against social fraud, Nicolas Sarkozy seems to have mostly focused on benefit fraud individuals. But this is far from being the No. 1 threat to Social Security accounts. Parade 1st May 2004 in Paris.

Social fraud is the enemy. Nicolas Sarkozy, on the road to the family allowance fund of Bordeaux, gave a speech particularly offensive against fraud, described as "worst and most insidious betrayal of the spirit of 1945" and accused of "undermining the foundations the same Social Republic. " If he was refusing to "stigmatize anyone," the president nevertheless denounced "thieves and cheaters" in the system. The thieves are those who feel abused a social benefit. And cheaters, those who employ an employee without declaring it.

His speech, however, was unbalanced. Indeed, it has placed more emphasis on fraud of insured persons, he took care to detail ("he who has a work stoppage fraudulent," "one who underestimates its resources," "he who does not reside in the country "," one who invents a fictional housing "..) than that of health professionals or companies, referred to simple turn of a phrase. Yet the amounts diverted by them are a priori much more important. State of Play.

How much is the benefit fraud in France?

All the fraud was by nature not detected, there are only estimates. The benefit fraud general scheme has been estimated at between 2 and 3 billion euros by a recent parliamentary report.

The Italian prime minister will present this evening in Brussels a letter in which he promises savings measures in the country, notably to extend the retirement age to 67. The Italian Minister of Economy, Giulio Tremonti, and the prime minister Silvio Berlusconi

After intense negotiations with the Northern League and a minimal agreement on pensions, the Italian prime minister Silvio Berlusconi Wednesday in Brussels will present a letter in which he undertakes to carry out economic reforms, reports the press. The letter of fifteen pages, the Cavaliere, who managed in extremis Tuesday night in a minimal agreement on pensions with its ally the Northern League, said the government's desire to raise the retirement age of "old age" of 65 to 67 in 2026.

But in reality, this decision does not change much, according to the newspaper noted that in 2026, the retirement age should already nearly 67 years as a result of reforms adopted in recent years, including one providing for gradual increase in the retirement age based on life expectancy. The League is however remained adamant about the "retirement pensions" that allow currently retire at 60 with 36 years of contributions and any age from 40 years of contributions. In addition to retirement, Mr. Berlusconi engaged in the letter to adopt speedy measures to boost growth promised this summer but have not been presented because of the divisions of the majority.

Rome has involved the liberalization of professions and local public services, simplifying the administration, the revitalization of infrastructure projects, facilitating dismissals or the tightening of rules to replace retiring employees. The government also promises to accelerate the sale of public assets to reduce the huge debt of 1,900 billion euros (120% of GDP) that worries the markets. Berlusconi also points in this letter, according to press reports, draconian austerity measures adopted in recent months for a total of 60 billion euros by 2014, which will allow Italy to meet balanced budget by 2013.

Contacted by AFP, a spokesman for the presidency declined to comment. Mr.Berlusconi has been put up against the wall Sunday by its European partners who asked him to make firm commitments on reforms and debt reduction in order to reassure the markets and to ensure that Italy is the next victim the debt crisis, which would jeopardize the entire euro area.

Paris and Berlin have developed a second summit, in addition to Sunday, to prepare a "comprehensive and ambitious répnse" to the crisis in the eurozone. President Nicolas Sarkozy meets with German Chancellor Angela Merkel Tuesday, August 16 at the Elysee Palace (both here in Berlin July 20, 2011)

Nicolas Sarkozy and Angela Merkel will meet again Saturday night in Brussels on the eve of the European summit to prepare an "ambitious and comprehensive response" to the crisis in the euro area whose elements will be adopted at a second summit "at the late Wednesday ", they announced Thursday in a joint statement. In this paper circulated by the Elysee Palace, Paris and Berlin have also called for "immediate negotiations" engage with the private sector "to reach an agreement to strengthen the sustainability" of the Greek debt.

The statement said the French president and German chancellor, who have been in Frankfurt on Wednesday night for an "informal meeting" Thursday had a telephone conversation during which they "expressed their full agreement to provide a comprehensive and ambitious "to the crisis in the months since the euro area.

This response will include "the operational implementation of new forms of intervention EFSF, a plan to strengthen the capital of European banks (and) the establishment of economic governance in the euro area and the strengthening of economic integration ", they repeated. The two countries "agreed that all elements of this ambitious and comprehensive response will be discussed in depth at the summit on Sunday in order to be finally adopted by the Heads of State and Government at a second meeting at the late Wednesday. "

A summit of heads of state and government of 27 EU countries is scheduled Sunday in Brussels, followed on the heels of another top 17 members of the euro area. Prior to confirmation of Paris and Berlin, a diplomatic source had raised the possibility of a second peak of the euro area, noting the differences that continue to oppose the countries of the European Group on how to strengthen the Fund European Financial Stability (EFSF). Long opposed, the two largest economies in the euro area ultimately reached a common position but "n'enthousiasme not" some of their European partners, acknowledged Wednesday the Secretary of State for Finance Steffen Kampeter.

"We have made enormous progress but not enough to make final decisions on Sunday.In some areas, we agree (between European partners), in others we are on track, "said Thursday night a spokesman for Mrs. Merkel, Steffen Seibert. Mr. Seibert also suggested that the second summit was necessitated by considerations of internal politics in Germany. "The participation of the German parliament is essential," he said.

"The challenges we know are also in negotiations related to the requirement of the German Members to be consulted," confirmed to AFP diplomatic source in Brussels. In their statement, France and Germany finally, once again, urged Greece to "make ambitious commitments to address the situation of their economies as part of a new program." At a meeting with Merkel in Berlin on October 9, M.Sarkozy had promised "sustainable solutions, comprehensive and fast" to resolve the crisis, at least before the G20 summit expected in Cannes on November 3 and 4.

LyondellBasell employees were extended on Monday the strike and blocking the production units of the group. The SP displays its support for the movement and the government provides "mobilize." LyondellBasell employees are on strike against the planned closure of the Berre refinery, which employs 370 people.

Employees of the U.S. company LyondellBasell have extended their Monday strike and blocking the production sites of the group. They protest against the closure of a refinery in Berre L'Etang (Bouches-du-Rhone). Several hundred people took part in the vote at a general meeting in mid-day, as part of the action taken after the September 27 announcement of the closure by management.

The refinery and production units in September LyondellBasell are blocked at the site of Berre L'Etang, and a fuel depot in Rognac and propylene oxide plant at Fos-sur-Mer, two neighboring towns. Staff representatives were sent to the Directorate Sunday, through their lawyers, questions about the future of the site but have not received a response for now, their last contact dating back to Thursday night they say.

The closure of the refinery would cover the approximately 370 employees to 1,250, in total, working in the petrochemical complex of the American group around the Etang de Berre. In recent days, the political reactions are multiplying on the subject. Martine Aubry, the Socialist candidate in the primary, on Monday expressed its "solidarity" with employees. It asks the Prime Minister to consider "alternatives to closing track".The mayor of Lille also known as "shared anger and anxiety of employees: see anger on the part of LyondellBasell's refusal to dialogue and put forward false numbers to justify for a purely financial and stock market, and concern before the uncertainty over the future of a site which employs 1,250 employees and thousands of subcontractors. " According to her, "the passivity of the government to a matter as serious, witnessed the acceleration of the industrialization of our country is unacceptable. It is not enough to say, as the Minister of Industry, that" his services are closely monitoring the ".

"The challenge of this case is the local district, regional and national levels"

Indeed, Eric Besson said Saturday that the government "mobilizing" all its means to ensure the future of the site.But he admitted not yet be able to indicate what decisions it would take to sustain the site. The Minister of Industry is expected to receive in the coming days the unions and the management of LyondellBasell said a ministry statement. The Ministry, it was recognized that the state could not force a company to maintain an activity when it decided to stop or suspend. The Government will ensure that LyondellBasell fulfills its reclassification as employees affected by this closure affect redundancy pay sufficiently "important," one said.

The case began to take a political turn with the Saturday site visit by the candidate for the primary Socialist Francois Hollande, who has held a "roundtable indispensable" for "transparency about the intentions of the group" and "how we can keep the whole chain from refinery to petrochemicals. " "The challenge of this case, it is not just a refinery is a potential that can, if nothing is clarified in the coming days, to be phased in question, or even disappear. It is a challenge local, district, regional and national, "he told reporters, after meeting a half hour with Inter (CGT, CFDT, CFE-CGC, FOR, CFTC).

Wall Street fell more than 2% Friday, signing the third quarter of its worst quarterly performance in three years, the macroeconomic indicators from China and the debt crisis in Europe continues to fuel concerns about the global economy.

The Dow Jones Industrial 30 yielded 2.16%, or 240.60 points at 10,913.83. The S & P-500, wider, lost 28.98 points, or 2.50%, to 1131.42.The Nasdaq Composite fell on its side of 65.36 points (-2.63%) to 2415.40.

The U.S. equity market and accuses his fifth consecutive month of decline and its worst performance in three months since the fourth quarter of 2008, which was the heart of the financial crisis of 2007-2009.

On the whole week, the Dow is up 1.3% while the S & P and Nasdaq, respectively, yielded 0.4% and 2.7%.

On September, the Dow lost 6%, however, the S & P 500 7.2% and the Nasdaq 6.4%.In the third quarter, the three indices were down 12.1%, 14.3% and 12.9%.

Financial stocks fell with Morgan Stanley, which plunged 10.54% to 13.50 dollars due to concerns about the exposure of the bank's European debt.

"Everyone fears that growth will slow down or it will not be as strong as expected.In general, there is a crisis of confidence, "said Adam Krejcik, an analyst with Roth Capital.

The CBOE volatility index, known as the "fear index," rose 10.61% to 42.96, suggesting that investors expect that volatility will continue.

In China, China's manufacturing sector continued to decline in September for the third consecutive month.

Inflation in the euro area in September rose abruptly and unexpectedly to 3.0%, its highest level in nearly three years, greatly undermining the chances of the European Central Bank cut rates in October .

Market players have also not responded to U.S. macroeconomic indicators better than expected.

The Chief Inspectors of the European Union and the International Monetary Fund (IMF) will return to Athens in early next week to resume the inspection mission, said Tuesday the European Commission, confirming the words of the Greek Finance Minister Evangelos Venizelos.

International creditors of Greece will have to decide at the end of the mission of an agreement on the release of a new tranche of eight billion euros.

Evangelos Venizelos spoke of his austerity plan with the delegates of the European Union (EU) and the IMF during a conference call that ended Tuesday at 20:30 GMT."Good progress has been made" during the conference, stressed the Commission in a statement, adding that "the technical discussions will continue in Athens in the coming days."

"Discussions will continue this weekend in Washington," which will host the annual meeting of the IMF, it was also learned in a statement released by the Greek Minister of Finance, who will attend the meeting.

An official with the Greek Ministry of Finance has also expressed confidence that the next tranche of eight billion euros will go to Greece with its international creditors, he said on condition of anonymity after a teleconference Tuesday.

"We are close to agreement with the troika," he said.

Greece pledged Tuesday to further reduce the size of its public sector in order to convince its creditors to pay the new tranche of aid, without which, the Greek state could end up insolvent next month.

Regions have less and less leeway to increase their resources and reduce costs. Result: debt continues to grow, according to a study released Tuesday by the rating agency Fitch. Debt regions would experience an increase of 8.4% in 2010, and 35% by 2013, according to the rating agency Fitch. It now stands at 17 billion euros.

The repayment ability of the regions is deteriorating. Analysis of the Fitch rating agency, published on Tuesday shows that debt amounts to 17 billion euros, against about 15.6 in 2009. And is progressing at an astonishing pace: 8.4% increase in 2010 and 35% by 2013. According to Les Echos, the assumption that the regions will devote all their resources now and stop any investment, they would put about four years to repay.In short: the regions are difficult to vary the amount.

Increased margins on spending

In addition, dependent on market conditions CVAE companies. Fitch situation which is far from expect miracles: "We expect that this resource is very dynamic in the future."

But the study is not as black dots. Regions seem to have more margin on expenditures than revenues. And they would have "sound fiscal fundamentals" .. If they can not easily reduce their operating expenses, according to the study, the recent land reform gives them a little breath of fresh air. She questioned the principle of "general competence" of regions and departments, allowing them, legally, to take care of almost everything.Because of this, according to the rating agency, the regions will be able to focus on their "skills required": transport, vocational training and college. And reduce their expenses.

The avenue has returned to Paris in 2011 the European city where commercial rents are the highest in the Old World. It is the fifth largest in the world.

The rental value of the Champs Elysees was up 5.3% over the last twelve months 7364 euros per square meter per year, according to the study of real estate advisory firm Cushman & Wakefield on Thursday. It precedes and New Bond Street, who had dethroned in 2010, but the increase was smaller this year, from 4.3% to 6,901 euros per square meter per year, and retrograde in the fourth to sixth .

"In contrast to the decrease of 9.5% recorded last year," the increase in rental value of the Champs-Elysées "sign a comeback of the most beautiful avenue in the world, recently hosted several openings and significant transactions "said the annual study, citing in particular came programmed Marks and Spencer and Banana Republic.

The avenue also welcomed recent months many textile retailers such as Abercrombie and Fitch, Tommy Hilfiger and H & M, to the regret of the City of Paris, fearing that the movement would jeopardize the cinemas and restaurants on Avenue. "Other projects could materialize in the coming months and push even the rental value" of the best locations on the Champs-Elysees on the rise, the study provides.

"The economic recovery, even fragile, the development of tourism in the capital and reducing the number of opportunities available whet the appetite for major international brands already present in Paris or wishing to establish themselves," says Christian Dubois CEO of Cushman & Wakefield France. In addition to the Champs-Elysees, other districts of Paris are "very attractive to retailers (Opera / Madeleine Le Marais, Boulevard Saint-Germain, etc.)." Notes the study.

The Paris appeal is not limited to mass education, the study adds. "Boosted by the launch of new luxury hotels, the luxury market, through various openings, such as Chloe Rue St. Honore, or the pursuit of upscale department stores, appears as one of the big winners of the crisis, "says Dubois.

Changes in world ranking

Globally, the top three remains unchanged: the 5th Avenue in New York is still the most expensive shopping street, for the tenth consecutive year, to 16,704 euros (+21.6%), followed by Causeway Bay in Hong Kong to 14,426 euros (+16.7%) and Ginza in Tokyo at 7,750 euros (+8.7%).

Pitt Street Mall in Sydney, however, was hoisted from ninth to fourth place with 7,384 euros, with a jump of 33.3% of its rental value. Overall, the main arteries of global trade have been aggressive. "Despite the fragility of the economic climate and consumer sentiment in many countries", 81% of 278 analyzed sites in 63 countries "have experienced an increase or stability of their rental value against 66% in 2010," said M . Dubois.But "a significant further increase in rents and widespread" seems "less certain now" in the context of debt crisis and economic slowdown.