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.

The group specializes in the trade press and trade fairs Reed Elsevier reported Wednesday an increase of 1% of its turnover for the first nine months of the year to provide comparables and said earnings per share on year in line with expectations.

According to a spokesperson, the group consensus estimates for EPS to show between 45 and 46 pence, representing an increase of 4% to 6%.

In exchange, the action was down 0.82% to 8.80 euros in Amsterdam and from 1% to 532 pence in London, while the European index of the media sector earns 0.7%.

Each of the five divisions of the Anglo-Dutch group is growing its billing smoothed non-recurring items.

This action is the publication director of Libération Demorand Nicolas, Yann Filipino journalist, Sarl Libération and MP Gerard Bapt, chairman of the parliamentary information mission of the Mediator. The boss of the company that makes the Mediator, Jacques Servier, the day of his hearing in the National Assembly (March 2, 2011).

Servier Laboratories pursue defamation before the correctional court of Paris newspaper Libération and MP Gerard Bapt PS, for stories and comments relating to the scandal of the Mediator, according to a subpoena which AFP obtained a copy Sunday.This direct quote is the managing editor of Liberation Demorand Nicolas, Yann Filipino journalist, Sarl Libération and MP Gerard Bapt, chairman of the parliamentary information mission of the Mediator, which will run January 6, 2012 before the 17th Criminal Chamber of the Paris Court.

According to the text of the direct quote, Servier acknowledges Liberation in its edition of September 7, 2011 dedicated to a different drug from the laboratory, Protelos – which would have minimized the side effects – have set out "a series of charges that are seriously defamatory against Servier. " Nicolas Demorand in an editorial, wrote that Servier "had erected lying and manipulation economic model", so that after the Mediator, "is now a scandal that Protelos."

In an interview with Liberation, MP Bapt stated that Servier had sought to play down the effects of Protelos from judsqu'à including "falsifying case for the death of patients do not appear." PS MP had accused Servier of "perverse and developing methods not only for the Mediator." According to the direct quote, the lab accuses journalists and MP PS stated to have "a series of charges which are seriously defamatory against Servier" in particular, accusing Servier to have "relapsed" with the Protelos and accusing him of "falsifying documents" about the drug against osteoporosis.

Servier believes in its citation that defamation is made public "due to the seriousness of the false accusations." He requested 50,000 euros and publication of the trial in which several daily Liberation.

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.

The private sector created 91,000 U.S. jobs in September, exceeding analysts' expectations, soothing some concerns about a rapid deterioration of the labor market.

Economists polled by Reuters predicted that the monthly ADP, released Wednesday, would state that 75,000 jobs created.

Figure of the month of August, however, was revised down slightly to 89,000, against 91,000 in the first estimate.

The publication of these figures has raised the index contracts before the opening of U.S. markets, but Wall Street was then opened in fall, investors remain uncertain economic prospects and projects of European leaders about banking.

ADP Employer Services survey, conducted in partnership with Macroeconomic Advisers LLC, is considered a leading indicator of monthly statistics on employment figures which are expected on Friday.

Economists polled by Reuters anticipate 60,000 new posts in the private and the public, but outside the agricultural sector, after zero in August.

"It seems that the private sector will continue to create jobs, which is consistent with the scenario of slow growth," said Gary Thayer, macroeconomic analyst at Wells Fargo in St. Louis.

"The problem is that the public sector is shedding jobs.So we should have a low figure, but slightly positive next month. "

Moreover, the number of planned job cuts in companies in the country jumped in September to a high of more than two years, another report showed on Tuesday.

Employers announced last month that 115,730 job cuts planned, against 51,114 in August, the report said the consulting firm Chalenger, Gray & Christmas.

This is the highest since April 2009.

The increase in sales in September was mainly due to two employers: Bank of America and the U.S. military, which together plan to reduce their workforce by 80,000 people.

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.

Strong differences of views on the management of the debt crisis have materialized Friday between Europeans and Americans.

At a crucial meeting of finance ministers of the euro area, which was exceptionally invited the Secretary of U.S. Treasury Timothy Geithner, Germany has refused to commit more public funds to support the euro area , as called for it.

In turn, Timothy Geithner has ruled out a tax on financial transactions, despite their wishes known by the heavyweights of the single currency area such as Germany and France.

The exchange was reported by some journalists to the Austrian Minister of Finance, Maria Fekter.

"He stressed that more funds were needed to prevent the system (financial) is in difficulties.(Wolfgang) Schäuble told him it was very unlikely to be possible to weigh the burden on taxpayers, especially if the burden is imposed on those countries AAA, "she said.

"In these countries, there is a desire to implement a tax on financial transactions (…) It (Geithner) was excluded," she said.

"I think especially that although Americans have basic worse than the euro area they tell us what to do and when we give them a suggestion, they immediately say no I (…) hoped that when they tell us how they see the world they listen to what we have to tell them, "she further said.

At the press conference following the meeting of the Eurogroup President Jean-Claude Juncker, also made a plea in to U.S. demands to curb austerity.

"We see in the euro area no flexibility that allows us to implement a new stimulus package," he said.

"Loose talk"

A debate is at work within the euro area and between Europeans and Americans on whether or not to put a brake on the policy of austerity, while the economic recovery is decelerating sharply.

According to several sources, the whirlwind tour of Europe by Timothy Geithner was to defend the principle of recovery and ensure that the euro area had the will and the tools to manage the crisis.

He called on governments and central banks to work together and avoid "loose talk" on the dismantling of the euro area.

According to several sources of high rank, he also pleaded Friday for the use of leverage to multiply the response capacity of the fund "euro area".

It is currently 440 billion euros but this sum could be too low when the new government fund to recapitalize banks and buy back sovereign debt will take effect this fall.

Jean-Claude Juncker has denied the existence of such a discussion between EU ministers and their U.S. counterpart.

"We do not discuss the increase in the size of EFSF with countries outside the euro area," he said.

A senior source said, however, that this possibility was discussed Friday afternoon.

Germany and other countries had so far rejected an outright increase in the size of the fund and the national parliaments have yet to ratify the new powers of EFSF decided at the EU summit on 21 July.

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 rise of unemployment in France has accelerated in July to find a level not seen for over 11 years, show statistics released Thursday by the Ministry of Labour and job center.

The number of job applicants in category A (those who carry on any business during the month) in France rose by 36,100 (+1.3%) last month to $ 2,756,500.

This is the highest figure recorded since February 2000 for this category, close to the definition of unemployment by the International Labour Office (ILO).

In one year, the number of unemployed in Class A rose by 2.8% or 76,200.

By adding the persons engaged in small (B and C), the increase in the number of job seekers is reduced to 0.6%, or 24,300 people over a month to $ 4,128,000. On an annual basis, growth for these three categories is 4.3%.

Labour Minister, Xavier Bertrand, was optimistic while regretting the "wrong numbers".

"But that does not detract from my belief that unemployment will go back down," he told Le Figaro.

"Social plans are declining. The layoffs do not go back. The acting is always a precursor, is good. Job creation is strong even though they are largely absorbed by the increase in the labor force.And the steps we have taken in recent months will begin to bear fruit, "he added."There is no question of fatalism."

The increase in the number of unemployed has actually accelerated in July and reached 87,400 units over the last three months for one category A.

And this trend particularly affects the public historically are more likely than those over 50 years (2% in July), the age of 25 (1.4%) and women, regardless of their age (a , 6%).

Small consolation to Xavier Bertrand, the number of unemployed youth is down 2.5% year on year.

BERTRAND WISH "enhanced mobilization"

The number of registered job center for a year or more has meanwhile increased by 0.8% from June and jumped 9.2% year on year.

July statistics confirm and restart the job market to the first half (126.500 jobs created) is not nearly enough to reverse the unemployment curve.

If it is not surprising two weeks after the announcement of the stagnation of the French economy in the second quarter, the rise in unemployment after four months of decline earlier this year is an additional handicap for the government in a difficult period.

Wednesday forced to revise downward its growth forecasts for this year and next, it might have to give up the goal of an unemployment rate below 9% by year end, further reiterated in early June.The figure for the second quarter will be published next Thursday.

Xavier Bertrand wanted in a statement "mobilization strengthened to meet the challenge of employment."

He promised to enforce "in the coming days" the measures adopted by parliament in late July as part of the proposed supplementary budget of social security.

"New sectors will thus be open to learning and professionalism, and new devices, such as the preparation that allows learning to prepare young people furthest from employment-linked training, will be implemented in During the month of September, "said the minister.

Bank of America announced Monday the sale of its credit cards in Canada and provides a similar withdrawal in the world.

In Canada, the U.S. bank has an agreement with TD Bank Group on a portfolio of $ 8.6 billion, according to a statement released Monday, however, reveals that the amount of the transaction.

TD Group said it would pay a "modest premium" of the approximately 1.8 million customer accounts at Bank of America again.

First Bank of the United States, Bank of America also said it would end its activities in credit cards in Britain and Ireland.It has not yet decided what to do, whether a gradual withdrawal or sale, said a spokesman.

Bank of America also announced the sale of its credit cards in Spain in the private equity fund Apollo Capital Management.In April, it sold a small business lending activity in Britain to Barclays.

These announcements come as BofA seeks to strengthen its capital reserves, the bank was facing several legal disputes inherited from the takeover of the mortgage company Countrywide.

After losing over 22 billion dollars over the last four quarters in its mortgage business, BofA announced in late June have resolved almost all of a dispute relating to securities linked to mortgages from Countrywide, on payment $ 8.5 billion in cash.

On Monday, comments from analysts believing that the bank should raise funds to absorb its losses had dropped by 20% during the BofA on Wall Street.

But the sale of its credit cards abroad has not been decided in response to these criticisms, said Jerry Dubrowski, a spokesman for Bank of America.

The latter said that the bank had raised some $ 30 billion through various asset disposals last year and a half, including reducing its stake in BlackRock, the global management of assets.

By 1515 GMT, the action Bank of America gained 4.3%, outperforming the Dow Jones up 1.05%.