Members have pledged Tuesday to review a new draft supplementary budget for 2011, the fourth year that includes several measures of the new savings plan submitted on November 7 by the government.

This "supplementary budget" follows the decision of France to lower, from 1.75% to 1%, the forecast growth rate for 2012.

The draft budget law for 2012, being shuttled between the two assemblies, which is considered "obsolete" by the Opposition, was indeed built on a growth forecast of 1.75%.

The OECD expects growth in its share from 0.3% in France next year."We will meet our objectives of reducing the public deficit to 5.7% of GDP in 2011 and 4.5% in 2012," assured the minister.

She also confirmed that it would table an amendment bringing three to ten years the limitation period in respect of assets held abroad.

"This new austerity plan will have the effect of crack growth and impede the deficit reduction by increasing unemployment," said Pierre-Alain Mute (PS).

DEFICIT REDUCED TO 95.3 BILLION

"It's an inconsistent policy, over the water where France would need a comprehensive policy," added the spokesman of the Socialist Group.

According to a Financial Times ranking, the current Minister of Economy holds the 15th place among the most influential ministers in the European Union. Before leaving Bercy for the IMF, Christine Lagarde had held the top spot on this list. The new Executive Director of the IMF, Christine Lagarde, said goodbye to the National Assembly Wednesday, June 29 It is replaced as Minister of Economy and Finance by Baroin

Baroin do not forget Christine Lagarde, French Minister of Finance holds an unenviable 15th position in the ranking of European central bankers prepared annually by the Financial Times, while his predecessor was the star. Mr.

The U.S. government has revised sharply downward its growth in the third quarter. It is 2% annualized, or 0.5 points less than what was announced in October. U.S. President Barack Obama.

The U.S. government said Tuesday it has revised sharply lower growth rate of GDP of the United States in the third quarter. From July to September, the U.S. gross domestic product grew by 2.0% annualized over the previous quarter, said the Commerce Department, reviewing and down 0.5 point first growth estimate published at the end in October. According to their median forecast, analysts expected a confirmation of the first estimate of the ministry.

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.

Bank of America reported an increase in its net income for the third quarter due to both an accounting effect that banks can reap when financial markets are turbulent and a gain on disposals of assets.

The hotel, the first U.S. bank by assets, posted over the period net income of $ 5.9 billion, or $ 0.56 per share against a loss of $ 7.6 billion (-0 , 77 dollar per share) a year ago, when the bank had spent $ 10.4 billion accounting charge.

More than one million low-income households eligible for social tariffs of electricity and gas do not qualify now, because of the complexity of the award procedure. EDF and GDF will cross their files with those of beneficiaries of supplementary CMU.

Social tariffs for electricity and gas, more than one million beneficiaries do not receive very modest at present, will be automated from 1 January 2012, announced Monday in a statement the Minister of Energy, Eric Besson. The minister seized Monday the Supreme Council of the energy of a draft decree automating their allocation to households with incomes below the ceiling of the supplementary CMU, or 7,771 euros per year for a single person or 11,657 euros for a couple .

Only 600,000 households currently receive social tariffs for electricity or gas, so that 1.5 to 2 million households are eligible, according to the government, a situation that was "not acceptable" according to M . Besson. This phenomenon was explained by both the complexity of the award procedure and the modesty of copyright holders who waived the claim.

Reduction of 88 euros for electricity and 142 euros for gas

According to EDF, the average reduction of invoice driven by the social tariff of electricity (created in 2000 and established in 2005) is 88 euros per year. Reducing Gas (adopted in 2006 and implemented in 2008) it amounts to 142 euros per year.Eligible households will benefit rates "without having to step in" with the file of recipients of supplementary CMU, under control of the National Commission on Informatics and Liberties (CNIL), the ministry said in a statement.

To avoid excluding people who forgot to extend their rights to CMU, the rights to social tariffs will run six months longer than the CMU, according to the draft decree. The decree, the government had promised, following the adoption last year of law Nome (New Market Organisation of Electricity), which already provided for automation rates for households with the lowest incomes.

The economic downturn continues in the major economies, especially Germany, Italy and Brazil, leading indicators show the OECD published Monday.

Declined for the fifth consecutive month, these leading indicators are now below the 100-which distinguishes the increase in lower activity – in most countries of the Organisation for Economic Cooperation and Development.

Japan, the United States, Germany and Russia are the only countries for which the leading indicators remain above this threshold.

The CLI for the OECD area as a whole declined to 100.8 from 101.4 in July.

The G7 countries fell back to 101.1 from 101.7.

For the U.S., the indicator decreased to 101.5 from 102.1.

The indicator fell back by 0.9 points to 99.1 for France and 1.3 points to 100.5 for Germany.

Among the large emerging economies, the indicator for China was down 0.3 points to 99.8 while that of Brazil gives up 1.2 points to 94.8.

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 name of the successor of François Chérèque is already known for three years, provides a blog linked to Figaro.fr. The handover could take place in mid-2012. The departure of François Chérèque of the post of secretary general of the CFDT could happen in mid-2012.

François Chérèque of the estate at the head of the CFDT is folded from "a long time," says the BBC journalist Mark Landre on his blog The Cartoon Network. According to him, Lawrence Berger, national secretary in charge of employment and organization, no doubt replace the current general secretary. The decision would even be fixed for three years. "The question is not whether Lawrence will take the place of Francis, but when," reportedly said a central part of Belleville. According to him, this could be done in an early departure of François Chérèque "in mid-2012."