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 President of the European Central Bank Mario Draghi has made it clear Thursday he was ready to take additional measures to support the economy in the euro area, adding that the downside risks have increased and that the ECB was aware of the increasing difficulties of banks.

As pressure increases on the leaders of the eurozone to make progress on a response to the debt crisis by the European summit of December 9, Mario Draghi, speaking before the European Parliament, called for a "deepening" of the budgetary and fiscal integration.

"To me, what is needed by our economic and fiscal union is a new budget agreement – a fundamental reformulation of fiscal rules, budgetary commitments with each other that the governments of the euro area have been," Has he said.

"We might ask if a new budget agreement would be sufficient to stabilize the markets and if a credible long-term vision can be useful in the short term.

To address the unemployment history of young 21.9%, the British government decided to implement a recovery plan £ 1 billion over 3 years. The number of unemployed young Britons spent for the first time the symbolic one million end of September.

Faced with record unemployment of young people, with more than one million 16-24 year olds unemployed, the British government announced Friday a plan to one billion pounds (1.16 billion euros) over three years. Deputy Prime Minister Nick Clegg announced the program on the BBC Friday morning, but did not specify where the money would be collected, while the coalition government is implementing the austerity program the most severe since World War II.

"If the government cut the tax deductions available to families who work to support this new plan, it would be just incredible," he once commented Liam Byrne, in charge of Work and Pensions in Labour. The number of unemployed young Britons spent for the first time the symbolic one million end of September, in an economic climate more and more depressed. The unemployment rate for 16-24 years is 21.9%, or 1.02 million young people in search of a mployment, a record since the beginning of this statistical series in 1992.

Emabuche aids for companies

The government plans to launch in April a "contract young" over 3 years towards 410 000 18 to 24 years. 160,000 young people would benefit from a six-month contract, employers receiving a subsidy for the period of 2275 pounds, equivalent to half the minimum wage specific to young people.

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.

MEPs decided that the adjustment of family benefits would take place on April 1 instead of January 1.

MEPs decided on Friday at the meeting, that the adjustment of family benefits, traditionally made on 1 January, 1 April intervene now, as is already the case for pensions. This deferral to April 1, said Minister of Solidarity Roselyne Bachelot, will compensate for the finances of the state, "not liable to the CSG the additional choice of activity (CLCA)" (parental leave ).

MEPs have adopted Wednesday by night session, an amendment removing the liability to CSG parental leave that the government wanted to impose.The UMP's budget reporter Social Security Yves Bur had proposed to postpone the revaluation of family benefits from 1 April to financially compensate the removal of government action. The budget minister Valérie Pécresse, while present, had "taken note of this commitment."

Friday morning, the members themselves have officially recorded this decision by adopting an amendment to the government that sets 1 April each year the revaluation of family benefits. All family benefits will be affected by this provision: family allowances, housing allowances, allowances back to school, receiving benefits early childhood, parental leave, etc.. The three-month postponement of revaluation has sparked protests in the ranks of the opposition.

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.

The French government is expected to announce Wednesday a ten billion euros in savings and additional revenue to meet its deficit reduction targets despite the slowdown in growth.

To do this, and again in "niche" tax and social security, a pool of tens of billions of euros of revenue and expenditure control will increase.

"In our sorrow, we have the advantage of having an incredible addition to expenses, opulent in some cases," said Finance Minister Baroin, mid-August, citing a total of 75 billion euros of tax loopholes and 45 billion euros of social niches.

The Court of Auditors, which certifies the accounts of the State, added 75 billion euros of tax loopholes unofficial, and estimated that at least 67 billion total social niches.

Preaching to balance fiscal consolidation and support for growth – which remains the most effective lever to reduce deficits – the government says it wants to spare the niches that it considers favorable to employment.

Emblematic example, the reduction in VAT in the catering sector has been confirmed, although it costs more than 3 billion euros per year for the results discussed.

The government could, however, agree to modify a key measure of the five-year period: the tax exemption of overtime, criticized by unions upon its adoption.

"The prime minister told me that this could be revised in part," said the leader of the CFDT union, François Chérèque, France 2 on Tuesday.

GROWTH WEAKER THAN EXPECTED

The cost of this niche, accused of hiring, while curbing the decline in unemployment is slow to materialize, is more than 3 billion euros per year for the accounts, plus $ 1.4 billion tax Income less.

"Measures on large enterprises, financial sector, overtime and taxation of the richest people are being investigated," wrote the CFDT Monday in a statement after a meeting between François Chérèque, and Prime Minister François Fillon.

At eight months of the presidential election, the government seeks in effect to send a political signal by setting a tax on higher incomes, to which many French bosses were in favor.

These emergency measures are intended both to compensate for the failure of growth recorded in the second quarter in France and around the world and explain how the deficit will be reduced in 2012.

The economy could indeed grow less than 2% forecast by the government this year, reducing revenues hoped.As for 2012, 2.25% growth it provides are considered too optimistic by economists, many now expect average growth limited to 1.4%.

This slowdown requires further action because France is committed to reducing the public deficit of 7.1% of GDP to 5.7% end 2010 end 2011 end 2012 4.6% and 3% end of 2013, which no matter the economic climate.

FRENCH FINANCE IN POOR CONDITION

This promise, back to their account by the main candidates for the Socialist presidential primary, is one of the springs of confidence in France by the lenders, in a context of very nervous about the finances of the major Western economies.

"France can not take the risk of missing its fiscal targets over the medium term, given the need to strengthen the implementation of the Stability Pact and keep borrowing costs at a low level by strengthening its AAA rating" wrote and the International Monetary Fund in July.

France shows indeed the worst fiscal ratios among the countries benefiting from the euro area as she noted the "triple A" (Germany, Netherlands, Austria, Finland and Luxembourg). This rating given by rating agencies allows states to borrow at low cost markets to finance its deficit and refinance debt.

Last for the deficit, France is also the only one of these countries to show a primary deficit (excluding debt service) important.The European Commission, the deficit would represent 3.1% of GDP in France in late 2011 against 1.6% in the Netherlands, Austria 0.9% and 0.5% in Luxembourg. Germany and Finland should end the year with a primary surplus of 0.4% and 0.2% respectively.

Key objective behind the path of deficit reduction on which France has committed itself to reverse the progress of the public debt / GDP in 2013 to put it on a downward path.

Paris is expected that this ratio will increase to 85.4% of GDP at end 2011 and 86.9% peak at the end of 2012 falling to 86.4% at end 2013 and 84.8% at end 2014.These forecasts will be updated to reflect the increase of some 15 billion euros (0.75 percent of GDP) by 2014 French financing needs, because the new plan to support countries in the euro area in difficulty to the European Council adopted on 21 July.

The measures announced Wednesday included in the draft budget in 2012 and those relating to 2011 may be incorporated in the draft amending budget in 2011 to be considered by Parliament from September 6.

Italy's Eni, which was the main foreign producer of oil in Libya, has returned to the country Monday as the entry of rebels in Tripoli Libyan suggests a possible resumption of exports of oil.

Tanks and snipers in the Libyan Army struggled Monday morning to withstand the assaults of the rebels in the capital, where thousands of opponents of Gaddafi celebrated the imminent end of a free reign began in 1969.

The fall of the Libyan regime would open the largest oil reserves in Africa to new players, as the national carrier of Qatar or the trading company Vitol, which will compete with European and American giants before the present insurrection.

Although the price of Brent fell by more than a dollar, securities of French Total, OMV of Austria, and Eni showed an increase between 3.3% and 5.87% by 1100 GMT, the market hopes a return to the situation prior to the insurgency.

The Stoxx Europe 600 index of oil and gas advanced on his side of 2.28%.

According to the Italian Foreign Minister Franco Frattini, employees of Eni arrived on the scene to oversee an upturn in oil installations in the east, although fighting continued in the capital.

"The facilities were built by the Italians, the (oil services company), Saipem, and therefore it is clear that play the leading role (in Libya) in the future," said Frattini at the micro Rai.

NEW PLAYERS

Before the outbreak of the uprising in Libya, the country, a member of OPEC produced about 1.6 million barrels per day (bpd), nearly 2% of world production.

For its part, Austria's OMV said no negotiations have begun to date with the rebels.

"We see the current situation and its evolution very closely.For now, we do not have bilateral discussions with the Council (National) transition, "said a spokesman.

The French and German Wintershall Total, other major players in the oil sector in Libya Qadhafi era, have declined comment.GDF Suez declined to comment about reports of negotiations with the insurgents on a recovery in output.

Analysts and industry experts estimate that Eni and Total may emerge as the winners in the reshuffling of the cards in Libya because of the strong support shown by Paris and Rome against the rebels.

The military support of Qatar and logistics company Vitol could also allow new players to gain a foothold in the country.

"Qatar will be a big player, could be a Vitol.Shell also wants to strengthen its role, "said one Western specialist risk consultant and the fact of negotiations.

Most of the world's oil giants, such as Marathon, ConocoPhillips and Hess, have taken a much more cautious about the Libya

"They are just waiting and trying to determine who runs this country," said the consultant, who advises several U.S. companies about Libya.

BP, which was not producing in the country, said he wanted to return to resume his explorations, but without giving a timetable.

Match.com, the American subsidiary of IAC / InterActiveCorp, has successfully concluded its public offer on the dating site Meetic, said Thursday the Financial Markets Authority (AMF) in a statement.

The world's leading dating sites were announced in late May it had launched a bid of 15 euros per share on all the shares of French society, which had resumed in June 2009 the European activities of Match.com.The latter held since 27% of Meetic.

At the end of the offer, which expired Aug. 16, holds 51.05% of the Match.com capital and 40.18% of the voting rights of Meetic, the AMF said in a statement.

Its parent company IAC / InterActiveCorp, and now controls a total of 77.55% of the capital and at least 73.71% of the rights of the dating site, the AMF said.

Marc Simoncini, Meetic CEO and founder, agreed to sell to IAC approximately 3.7 million shares, or approximately 16% of the capital, maintaining an approximately 7%.

He expressed his intention to stay on the board of Meetic.

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%.