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"It was a very important interview. Nicolas Sarkozy to thank you for coming. On Monday in Berlin, German Chancellor Angela Merkel wanted to put an end to persistent rumors of discord between France and Germany in the fight against financial crisis in Europe. During his joint press conference with French President in Berlin, Merkel stressed the need for both countries to give "impetus" to the European Union to "act operationally" and "the consequences of the crisis financial recovery '.

Determined to "speak with one voice", the two Heads of States announced it would set at G20 Toronto, the idea of a tax on financial transactions and a tax credit, " to be applied in the same way in France and Germany, "said Nicolas Sarkozy.

With Angela Mergel, the French president reiterated the need to strengthen the Pact of Stability and Growth. For the countries most lax sovereign debt, the two countries propose a penalty which would result in the suspension of their voting rights at the European Council. This proposal, which will be submitted to the European Council President Herman Van Rompuy, could lead to changes in the treaty which will be "in the near future," according to Angela Merkel.

A European economic government

Finally, Germany and France have discussed their desire to establish "an economic government of the 27" which would meet soon "on an operational and pragmatic." The two heads of states also want power, "in case of necessity, meet only the heads of only 16 states in the euro area. "There will be no country of first and second class.The idea is just to work quickly to problems concerning the euro area, "Angela Merkel stressed.

"Europe is not the most dynamic continent in contrast to the ambitions of the Lisbon Treaty. Do not create new institutions but to be more operational, has welcomed the Chancellor. Nicolas Sarkozy has reiterated his desire to "get out of ideological debates to make things happen quickly."

When asked about their respective visions rigors announced plans in both countries, Angela Merkel and Nicolas Sarkozy have remained elusive. The German Chancellor said that "Germany had done the right thing and not that France too." For its part, the French president spoke of "a matter of shared responsibility, trust and proximity.

Before the G20, Germany and France will defend their joint initiatives at the European Council meeting on Thursday.

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Despite a decline in GDP since the second quarter of 2008, wages continued to rise this year at a faster pace (+3.6%) than in 2007 (+3.3%) as Figures released Thursday by the INSEE. One thing, however, tempered by the high level of inflation in this period, 2.8%, which surfaced in much of the improvement obtained by the employees. The average net wage rises in 2008 to 2069 euros net per month.

At that time, the labor market is however already the stigmata of the crisis. The structure of employment has changed, at the expense of the unskilled and temporary, in favor of executive employment and women. The average wage of workers benefiting from the decline in unskilled employment, and also recorded a significant increase resulting from indexing the minimum wage to inflation.In total, workers recorded the most favorable trends with an increase of 1.3% in constant euros.

Executives recorded the largest decline

While the average net salary of employees remains stable, that executives cash the largest decrease (0.7%) partly due to the importance of the variable component in wages. The sectors of finance and real estate are suffering most from the crisis in 2008, it is true after a sharp rise in wages in finance in 2007.

It is finally noted that while women's wages grew less than men (0.5% against 0.9%), thus widening the gaps in pay between the sexes, female employment is more resistant, particularly because of the strength of the service employment.

After a few sessions of doubt, the Paris Bourse has picked up substantially. Encouraged by good news from the United States, the CAC 40 was indeed awarded 1.59% to close at 3557.34 points to finish in a volume of transactions expanded by about 4.5 billion euros.

Other major European markets have also hoisted the green flag.In Frankfurt, the Dax gained 1.23%, and London was awarded the Footsie 1.16%.

The markets were boosted by a salvo of indicators better than expected in Europe and the United States.

The Paris Bourse, which opened up substantially has continued to evolve in green, buoyed by an encouraging indicator for growth in the private sector in the euro area.

In the United States, on the eve of the announcement of monthly statistics of unemployment, investors focused their attention on "indicators from the employment market.

Positive signs

The firm ADP, which always reveals its figures a step ahead of the official statistics, said that the private sector in May had aligned his fourth consecutive month of net job creation (55 000).More good news, the number of jobs created in April was revised up significantly with 65,000 jobs, nearly double the previous estimate of ADP.

And, for analysts, the number of jobs created Department of Labor to be released Friday should be even higher because it also includes jobs in the public sector has massively hired for the decennial census. In recent days, signs of U.S. economic recovery are multiplying. The day before, real estate, which is closely watched by analysts had sent further signs of recovery.

In Paris, the mood swing advantage in priority areas identified as cyclical resource stocks and cars that were driving the increase, the image of Peugeot and Vallourec.

"It was excessive, it drop back, it will calm down," said Tuesday the Minister of Economy Christine Lagarde. Interviewed on France Culture, she has qualified the market reaction to the announcement of the European aid plan of 750 billion euros in the night from Sunday to Monday.

"The markets have been an excessive response, as sometimes yesterday (Monday, editor's note) with climbs as evidence had not seen for twenty years, and as it had never been seen in some countries," she analyzed. The CAC 40 gained more than 9% Monday and Wall Street recorded its biggest increase since the beginning of the year.

In fact, stock markets began the day falling on Tuesday. The CAC 40 index opened down 1.78% at 3655.2 points.Investors take profits after Monday's rebound.

About the decision of the European Central Bank to redeem debt securities of states, Christine Lagarde stressed the importance of the current crisis. "This is not orthodox in the functioning of the European Central Bank. But in exceptional circumstances, exceptional driving, "she said. "I'm not sure the ECB does so regularly."

Some commentators were surprised by the decision of the European Central Bank, putting into question its independence. The ECB had so far always refused to take such measures of buying assets.

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"Counter-blow on the European stock

After opening slightly higher, 0.21%, CAC 40, which has enjoyed, this time, a mixed close on Wall Street too, fell into the red. Shortly before noon, the index feature of the Bourse de Paris yielded 1.36% at 3942.91 points, while he had gained 1.17% yesterday night at the close. Subsequently, the markets have been showered by the decision of the Ageng rating S & P lowered the rating two notches debt of Portugal. Like Greece, the country is saddled with a huge deficit. What has worried the markets literally, since the Paris Stock Exchange has stepped up its withdrawal. At the close, the CAC 40 fell by 3.82% in ironing 3,900 points.

Elsewhere, markets are also oriented substantially in the red. London losing more than 2.61%, 3.28% loose Madrid.The Dax in Frankfurt has finally sold 2.73% to 6159.51 points and the FTSE in London, 2.61%, to 5603.52 points.

The outbreak, imperious Plan aid to Greece remains suspended to the new requirements of German thoroughness. The 10-year rate that Athens can refinance markets have exceeded 9.6%. Athex, the Athens Stock Exchange finished in fall of 6%. The markets clearly fear a default if the country does not receive in time, by May 19, the money promised by the EU and the IMF.

A contagion feared

Fears of contagion to other countries in the euro area patients deficits have magnified the nervousness of the markets.

Everywhere, banking stocks weighed on the trend, banks are most exposed in case of default of payment of Greece.

In Paris, BNP Paribas lost 7% in closing, Credit Agricole and Societe Generale 6.42% 6.02%.

Other sources of uncertainty for the sector: Accused of fraud, the bosses at Goldman Sachs on Tuesday defended before the U.S. Senate, which has also defer consideration of the proposed reform of financial regulation.

Meanwhile, "similar problems (to those of Greece), but at a different level are met by other countries," warned the Vice-President of the European Central Bank, Greek Lucas Papademos. This risk is probably overshadowed the macroeconomic data and solid corporate earnings released in Europe (BP, Deutsche Bank and Electrolux) as the U.S. (3M, Dupont, Ford, UPS and U.S. Steel have better than expected.).In New York, tenacious optimism, however, the Dow Jones yielding 1.13% after the closure of Paris. Greece weighed, despite two U.S. indicators able to offset profit-taking and uncertainty: if house prices in February will have recovered only 0.6% a year against 1.3% expected, the confidence index April's consumer, however, rose more than expected, the highest since September 2008.

Sodexo pushed back to the wall by an elected California. Loretta S?nchez, Democratic member of the House of Representatives, announced on their website have filed an application with the agency responsible for auditing the public accounts in the United States, the Government Accountability Office (GAO). She claimed a GAO investigation into a contract signed between Sodexo, French catering group, and the Marine Corps. This contract of $ 881 million, for a period of eight years, is nearing completion and Sodexo expects to see it renewed for an even larger amount of 4.1 billion.

But Sanchez Loretta has put a spoke in the wheels of the French group. Indeed, the elected Sodexo suspected "of waste and potential health problems" in the power supply on military bases.Loretta Sanchez also refers to a reversal of the restaurant group in the middle of his contract, making the service "less effective than originally promised."

Alarming health reports

In 2001, when Marine Corps decided to reorganize the delivery of food to its bases nationwide to save $ 20 million per year, Sodexo was first in line. The group appealed and won the gold contract through its food production unit based in Tennessee. A center to centralize the production of fresh meals. These are then frozen and shipped to bases across the country. But in July 2007, Sodexo stops the production unit.

This shift comes a month after a recall by the USDA, the U.S. Department of Agriculture, 3,000 chickens potentially contaminated with listeria.In fact the meat had been sent to bases at Camp Pendleton in San Diego.

In addition, public reports of recurring health problems in the production center of Sodexo. Among these reports, 70 are published by USDA and refers to "non-conformities" over a period from December 2005 to September 2009.

Loretta Sanchez, also a member of the Armed Services Committee, therefore demanding a thorough investigation before renewing the contract for a higher amount. "I asked the GAO to investigate. This is part of broader efforts to target waste in government, "she says.

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Next Monday, the faithful love of cinema to UGC will learn about PeopleForCinema, the start-up created six months ago by Simon and Serge Hayat Istolainen on MyMajorCompany model, the Internet music label.

The giant cinemas and website, which offers users to leverage the distribution of films before their release, have entered into a partnership that should give new impetus to PeopleForCinema.

From Monday, subscribers to the loyalty program and the 250,000 cardholders unlimited branded UGC will be able to invest in a few films chosen by the exhibitor in the catalog PeopleForCinema. "There are many similarities between us and them, says about his partner Jean-Marie Dura, CEO of UGC in network load.One the other as we seek to support the film and provide access to movies very different. "UGC, which publishes a free magazine distributed in its 371 rooms in France, has more than one million unique visitors month on its website.

Through this agreement, the UGC will provide start-up its roster of clients, and in return will enter the PeopleForCinema network of cinemas in the dance community and participatory payday loan lenders.

"The Whistler" Catalogue

Specifically, users who go from Monday on the website of UGC discover a film catalog PeopleForCinema on which they can invest money. In a few months, when the film will be shown, users who have invested will have their release – pulled in admissions hall – whether the film knows only limited success.However, if it contains a triumph, they will receive a share of profits. UGC, in turn, affect a small share of revenues, calculated by the number of Internet users from its own network. This partnership is timely for the participatory website, which has not yet found its success. The Whistler – first catalog – has recorded only 330 000 entries, 440 000 and Brothers, which does not affect profits. Its founders have now on the next film by Bertrand Blier, The Sound of ice, including Jean Dujardin, Albert Dupontel share the bill.

If confirmed, this would be the heaviest fine ever imposed by the U.S. National Highway Safety Agency (NHTSA) to a manufacturer. This requires the Japanese Toyota fined 16.375 million dollars (12.191 million euros). A record amount justified, she said, by the slow reaction of the manufacturer's faults found and deliberately concealed its vehicles.

The U.S. government accuses him of hiding Toyota for "at least four months' issues of accelerators is jamming in the down position, and this" contempt of risk "led to drivers. According to the Minister of Transport Ray LaHood, the leaders of Toyota "did not take steps to protect millions of drivers and their families."

Toyota has two weeks to pay the fine or contest it.If he refuses to pay and can not agree with NHTSA, the matter will be referred to a court.

Procedural defects

The NHTSA had opened an investigation last February 16 to see if Toyota had been slow to reveal these problems, finds a first time Toyota has not notified within five days after discovery of problems, as the law The imposed.

According to the U.S. Department of Transportation (DoT), the 70,000 pages of documents presented by Toyota have revealed that the manufacturer "knew his problems pedals are jamming on their own since at least September 29.It was at that date that Toyota "has launched repair procedures with its distributors from 31 European countries and Canada to address issues accelerator stuck, sudden increase and tachometer sudden acceleration of the vehicle, "says the report.

But the documents show that "Toyota knew that consumers in the United States suffered the same problems as those in Europe and Canada.Yet, September 29, the band announced the recall of 3.8 million vehicles in the U.S. claiming only the possibility that the accelerator pedal gets stuck in the floor mat and ignoring the problems of blocking pedals 'themselves in position.

It was not until January 21 that the manufacturer recalls 2.3 million vehicles in the U.S., reported first involuntary acceleration unconnected mats but the pedals are blocking themselves . In the end, Toyota has recalled more than 6 million vehicles in the U.S. on 9 million recalled in the world.Either the largest recall ever recorded by an automaker.

Organizational Change

In a statement, Toyota has defended: "We have already taken a significant number of measures to improve our communication with regulators and clients on security issues and strengthened our commitment to quality." This includes "the appointment of a new director of quality in North America and a greater role dedicated to regional leaders in the decision making process related to quality," says the manufacturer.

But the DOT has not said its last word. He announced as still investigating to determine if the manufacturer had "committed other offenses meriting further sanctions."

Reminders continue

Meanwhile, Toyota continues its recall campaign.The Japanese announced Tuesday its intention to recall 12,984 vehicles sold in South Korea because of mats may impede the accelerator pedal.

The three models involved are the Lexus ES350, Camry and Camry Hybrid. Motorists concerned will receive free repairs from April 19.

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The mobilization will she go in this Tuesday, two days in a large loss of the right in regional elections? Six unions (CFDT, CGT, FOR, FSU, UNSA, Solidaires) called on employees of public and private to a national day of action aimed at influencing government policy on political and social. At midday, the department estimated 21% share of the striking teachers, estimated at 40% for the SNES-FSU, while 11.45% of the postal employees would have mobilized in the direction. At the station, the strike rate was estimated at 28% by management, and 32% by the CGT. At RATP, it s'l?verait to 14% depending on the direction, the CGT-RATP not yet have figures to communicate. 180 rallies are also planned throughout France.

If it comes shortly after the regional elections, the appointment union had however taken immediately after the Social Summit in February, meeting at the initiative of the Head of State to discuss, among other things, the upcoming construction of the reform pensions. Two main points today crystallize opposition from unions, following a government reshuffle.

• Pensions: major point of contention between the unions and the government, the pension reform was launched at the Social Summit in February. While the dialogue should begin early April, several union leaders have spoken about this on Tuesday, sending a warning to the government. The CFDT leader Francois Ch?r?que has called for a reform that reduces inequality."Of course we must change our pension system, but it does not evolve towards greater social justice, this is again a loss of confidence in politics." Therefore, it could "be the sport at a social level," he warns. Jean-Claude Mailly, secretary general of FP, for his part reiterated on Tuesday his commitment to the LCI retirement at age 60, holding "absurd" the solution of longer working hours to alleviate the funding problems induced by the lengthening of life expectancy no teletrack payday loan . "If we follow this logic, women live longer should work longer," he argued.As for Bernard Thibault, leader of the CGT, he believes "we can not impose reform on accounting criteria exclusively, also challenging the objectivity of the Advisory Committee of pensions. "This appointment will be very difficult to carry," he predicted. Probably heard a speech by the new Labor Minister, Eric Woerth, who insisted on Tuesday on the need to "protect" the current system "an equitable reform.

• Employment: while the unemployment rate back above the 10% in the fourth quarter of 2009, the CFDT called for taking further steps to assist employees affected by the crisis. Pleading for an appeal to partial unemployment, training rather than dismissal, the leader of the CFDT has also called for financial support purchasing power and resources center for sustainable employment.The employees "have the feeling that we no longer speak of their real situation since September. An impression they would have in his Sunday expressed through the ballot box. The government must now "give strong signals, and change of method," he said. A view shared by the leader of the CGT, Bernard Thibault, who on Tuesday urged the convening of a new social summit at the Elysee. The meeting, a time desired by the head of state says he would aim to "take stock of the situation regarding employment, economic and social policy and purchasing power for practical decisions for implementing fast.

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The adoption last night of the great reform of health insurance, proud of the Obama administration is very important for the health sector, the United States and elsewhere in the world. Its impact on the health sector on Wall Street will be closely scrutinized.

The U.S. markets are getting better but still hesitant: the Dow Jones gained 0.26% to 10,770 points and the Nasdaq Composite 0.49% to 2386 points.

Investors will this week look at a few minor indicators, including sales in the previous Tuesday, and sales in the ninth Wednesday. Follow some figures on durable goods orders, before being released Friday, the latest estimate of GDP for the fourth quarter of 2009 and the index of consumer confidence.

Caution still dominates

Meanwhile, investors are still cautious amid the uncertainties that persist on the bailout of Greece. Even if the European Council held on Thursday and Friday in Brussels will not be much impact on markets, on both sides of the Atlantic, German Chancellor Angela Merkel have warned yesterday on German radio that "financial assistance to Greece is not on the agenda of the meeting Thursday …" But the pressure is raised a notch on Monday in Germany, for its approval a plan for financial assistance to Greece at the summit of EU leaders on Thursday and Friday.A summit to test the cohesion of the eurozone and the credibility of Europe.

The market does not, however, leaves destabilize or by poor statistics, nor by rumors: they whisper such as the Federal Reserve would again raise its discount rate by the next meeting of its Strategy Committee, Thursday . "But this is just an excuse to take some profits," says an analyst.

As for currencies, the euro strengthens against the dollar on Monday at 1.3548 dollars (0.28%) remains lower against the dollar on Monday after a brief foray as 1.35 dollar, dealers said opting for caution ahead of a summit of European Union, during which they will review again the Greek crisis.

The medicinal values rising

On the corporate front, the pharmaceutical values are well oriented.Pfizer Laboratories, Merck and Johnson & Johnson saw their shares rose by 1.88% to $ 17.23, from 1.76% to 38.73 dollars and 0.45% to 65.40 dollars. In contrast, health insurers are changing down: Humana fell by 2.20% to 48.90 dollars, UnitedHealth Group coward 2.27% to 33.61 dollars, Cigna lost 0.13% to 37.03 dollars Wellpoint and abandons 0.79% to 64.56 dollars. Aetna is only up 0.20% to 34.53 dollars.

Boeing (2.09% to 72.20 dollars) has announced an increase in production rates for Boeing 777 and 747.

As for publications expected will come on Thursday, Oracle and Best Buy, which will publish their earnings per share. Some computer companies (Red Hat Adobe Systems on Wednesday or Tuesday), builders (Lennar Wednesday) or deluxe (now Tiffany) also feed news.