Greece is saved, all the better, but remains to be done. This is in essence the common position of six candidates for the primary socialist. Otherwise, the appreciation of the Europe Agreement varies from the conviction of a rescue plan came too late to denounce a "blockage" no future. The range of reactions makes it possible to rank candidates on the scale of the radical.
In the camp of indignation, Ségolène Royal and Arnaud Montebourg topped. To say, the former candidate of 2007 was even offered the platform of the press room of the Rue de Solferino, usually reserved for the party's spokesman Martine Aubry or when she was first secretary function. The PS has made available to candidates for the primary means of its head, and still continuing the campaign, Ségolène Royal has given her a highly formal intervention. "This agreement lifejacket.We close the gaps, "she was outraged by asking managers to make decisions this summer on four issues: the establishment of a European sovereign fund, the appointment of a" commander in chief against crisis financial, "the prohibition of speculation and reform of credit rating agencies.
Arnaud Montebourg same tone in which denounced the "four unacceptable defects" of the rescue plan, including the fact that in his view, the risk of contagion to fragile states is not halted. Arnaud Montebourg also regretted that the banking sector is spared and that the plan "wrongly perpetuates the obsession with austerity."
"Strengthening the political union"
Candidate also the primary PS, the head of the Radical Left, Jean-Michel Baylet, lamented that "the vicious circle of speculation" is not halted.Just under back, François Hollande found the agreement "late" and "inadequate", while acknowledging that it was "necessary." "Like nothing lasting has been hired, we remain vulnerable and therefore much remains to be done," assured the former first secretary of the PS.
Finally, the most moderate responses came from Martine Aubry and Manuel Valls. While denouncing the weight of the rating agencies and regretting that it took to reach an agreement, "offer guarantees costly for Europe and Greece," the mayor of Lille called for "building the Government the euro. " Previously, the first secretary of the PS, on leave from his position, had welcomed the agreement between the leaders of the euro area."We had the Greek people, we were in Europe," she explained in a statement.
Also playing on the line of responsible political leader, Manuel Valls, for his part welcomed the agreement. "Put up against the wall, the heads of states of the euro area (…) are finally out of the inaction of the past few weeks," he said. But the deputy mayor of Evry has also called for further, to "establish a political action settled, peaceful and sustainable in order to strengthen the political union and the challenges of economic globalization."
Tunisia this week, Morocco in a few days: Eric Besson, Minister of Industry, has been mobilized by the Euro-Mediterranean energy pact with a number of partnerships with the key. A pact underpinned by the implementation of the Mediterranean Solar Plan: 20 gigawatts (GW) of renewable electricity should break ground in 2020 in the south and east of the area. Of these 20 GW, five will be exported to Europe.
This very ambitious program is itself related to the project Medgrid, which now has 22 associates and partners.This is the grid trans synonymous with development of interconnections between the riparian countries, to strengthen security of supply and profitability of the southern Mediterranean project of electricity generation.
Eventually, 5 to 6 billion euros of investments are planned in the electricity transmission infrastructure. Via unit works with a value between 500 million and 1 billion euros. Because the numbers speak for themselves: the predictions of experts predict an increase of 7% per year of electricity demand by 2025 in southern and eastern Mediterranean, while nine million people there today have no access.
"We are dealing with a double fracture energy, one between the northern and southern Mediterranean, the other between countries faxless pay day loans.The countries of the European Union bordering the Mediterranean have limited fossil resources, but ownership of two-thirds of the energy that is consumed, says Michel Derdevet, lecturer at the Institute of Political Studies Paris. Conversely, developing countries have substantially lower requirements but growing very fast. "
Arab Spring
To what extent can we overcome these divisions? For André Merlin, the executive chairman of Medgrid, the project set up to respond precisely the logic of co-development (see interview below). It is intended also closely complements the massive program Desertec – tens of billions of dollars dedicated to the development of the solar industry in the South.Whether the latest geopolitical events have come to upset the schedule Medgrid, André Merlin responds bluntly: "No, although this spring has somewhat disrupted the plans of development of electricity infrastructure."
For the leader of Medgrid, "there is great need on the part of those countries to develop alternative sources to oil and gas to generate electricity, the countries that have no such resources and become less dependent on imported hydrocarbons and those who have such resources and reserves in the world market much more profitable. "
"The project of the PS does not the road." The essayist Alain Minc does not beat around the bush to try the program of the Socialist Party should he win the presidential election in 2012.
In addition to his friendship with Martine Aubry, Alain Minc believes that this project is "totally unsuited to the economic situation." "This is a project that was modern in 1981!, Says in an interview with the daily Le Parisien / Today in France. Youth employment is the world of yesterday. We can not, with the blade of the debt so close to our neck, having a Keynesian program. " The essayist and remember that "debt represents 80% of our gross domestic product. 20% is what he had to do to end the crisis. The remaining 60% are the result of thirty years of accumulated cowardice, left and right wing. "
Alain Minc goes even further in his indictment.He said a victory for the Socialist Party in 2012 would be penalized by financial markets. "The application of the socialist project would lose to France's 'AAA'," says Alain Minc. If for now the rating agencies have confirmed the rating of the country, it could be questioned if France did not take more drastic measures to reduce its deficit.
Lagarde IMF: "A decisive push Sarkozy"
Among the various proposals of the PS, Alain Minc attacks the merger of the income tax and social contribution no fax cash advance. It considers the measure "extremely devastating for the middle class. I have long been convinced that all European countries should increase VAT by 2%. It will not escape, "said he.
Another topic discussed: compensation of top managers.While Nicolas Sarkozy and François Fillon supported the measure to overtax Xavier Bertrand and Jean-Francois Cope was cautious, Alain Minc "tearing his hair" when he sees the boss of Renault, Carlos Ghosn, will reach 10 million euros for fiscal 2010. "The selfishness of the ruling classes should encourage them to be more moderate in terms of pay. I persist and sign: we must know to practice self-regulation, "says he.
On the euro, Alain Minc said the German attitude to save Greece "intelligently selfish." "If Germany was up to the Deutschmark, it would be in recession," said he.
Finally, he welcomed the appointment of Christine Lagarde to head the International Monetary Fund."It's miraculous! Obviously there was a decisive push to Sarkozy, "he enthuses.
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This is an internal document particularly embarrassing for PSA Peugeot Citroen has revealed to the press the CGT, Thursday morning. While the band prides itself on being the "good student" automakers, Renault face, producing more in France, this policy brief program does nothing less than the closure in 2014 the site of Aulnay-sous Bois, one of the largest employers in Seine-Saint-Denis with 3600 employees and is considering the site Sevelnord at Hourdain, North (2800 employees). Evidence that the government takes the matter seriously, Philippe Varin, the boss of the group, was convened Thursday night at Bercy by the Minister of Industry, Eric Besson, a head-to-head. "
The group is obviously not expected that this confidential document was made public.But unfortunately he found, after a bad manipulation, free access to a computer server manufacturer.
Click image for larger graphic.
The four-page report, called the "secret plan Philippe Varin" by the CGT, was written by two senior executive industrial August 23, 2010. Its purpose was to improve the competitiveness of European sites in 2020 and was to be presented to the general management committee (CDG) on September 8 and the strategic committee of the supervisory board on September 28.
In this note, PSA identifies several mechanisms to "drastically reduce" the "cost of manufacture" on small vehicles by 2020. And so the group plans to reorganize its industrial French.Stating that it is a "recall of decisions emanating from the steering committee group in January 2010," the authors point out that he was "determined an adjustment capability of 200,000 vehicles with an emphasis on site of Aulnay .
Not well seen by the Elysee
About this site, which manufactures the C3 – the best selling car by Citroen – the "social plan" is planned for 2013, and "stop", "Current 2014". "This schedule is consistent with the guidelines of the CDG in January 2010 placing the window listing possible, in the French electoral calendar, in the second half of 2012, the company said, aware that a plant closing announcement would not particularly well seen by the Elysee by the presidential election guaranteed online personal loans.The plant's production fell to 195,000 in 2010, against 418,000 vehicles in 2004 (and 6200 workers), according to the CGT.
Beyond the reductions of fixed costs, estimated at 68 million euros per year, the land transfer, "estimated at 300 million euros", "allows a return on investment of less than ten years." Meanwhile, the increase rates in Poissy, which has become "one major hub in the Paris region, and in Mulhouse, in order to increase the utilization rate of these plants.
About equally explosive, PSA is also considering writing the closure of the Sevelnord – where the partnership with Fiat will stop – in 2015. Under this scenario, the production of large MPV is tilted at the latest within four years, to a low-cost countries.The other option is to maintain the site in exchange for public subsidies.
Aulnay Sevelnord but Madrid are described as sites "away from the criteria of excellence" of the group in terms of logistics, "Urban Environment" and "social costs".
In his defense, the group said, speaking through its industrial manager, Denis Martin, note that the CGT was unveiled by a document "preparatory" now "obsolete" because it "corresponds to a situation of early 2010. The closure of Aulnay "is not relevant today," he stressed, adding that on all the sites he could not comment on the sustainability beyond the horizon " 12 to 18 months. " This does not exclude a close after this period.A central committee (IAC) will be held exceptionally in the coming days on this subject.
According to Jean-Pierre Mercier, Steward Aulnay CGT, the largest employer of the department, "that we live in the plant proves that management carries out its plan for several months with the arrest of a night shift at Aulnay and its inception in Poissy. "
The disappointment that followed the release Friday of the bad employment numbers in the United States extends to Asia Scholar. On Monday, key regional markets receding in the wake of Wall Street has ended the week on a clear downward. In May, the U.S. has created only 54,000 jobs, which is three times less than expected and not enough to prevent a rise in unemployment to 9.1%, against 8.9% expected. Enough to worry the markets on the strength of the recovery across the Atlantic.
At a time of closure, the Nikkei, Tokyo Stock Exchange lost 0.63% in 9432 and points after starting down 0.26%. The rating is pulled down by the action of the utility TEPCO, which drops from 25.9% to 7 hours.Investors sold heavily to the track operator Fukushima after the publication of an article by Kyodo news agency on Sunday, saying the company could record a net loss of 570 billion yen in fiscal year from April 2011 to March 2012 (4.9 billion euros at current rate), excluding the compensation due to victims of the nuclear accident. In its wake, as Chubu Electric Power Co. also dropped 8%.
In the rest of the region, the red is also relevant. The Indian Sensex lost 0.31% while in Australia, the S & P coward 0.37%, weighed down by mining stocks Rio Tinto (-0.85%) and BHP Billiton (-0.81%). Note that the stock exchanges of Hong Kong, Shanghai and Seoul were closed for holiday.
Oil without direction
Oil prices were for their part without leadership in electronic trading in Asia in anticipation of an OPEC meeting in Vienna on Wednesday, dealers said. In morning trading, a barrel of light sweet crude for July delivery gained 8 cents to 100.30 dollars and that of Brent North Sea crude for delivery the same declined by 6 cents to 115.78 dollars.
The Organization of Petroleum Exporting Countries (OPEC), which meets Wednesday on the bottom of sinking of the Libyan crisis, should leave its production quotas unchanged, despite soaring crude prices and increased pressure on consumer countries, analysts said.
The shock wave continues to sweep Fukushima Europe's energy. While Switzerland has announced its nuclear phase-out, Germany specifies how the final cessation of its 17 reactors, her 7 oldest already being put off since the reversal of Angela Merkel.
On 6 June that the ruling coalition in Berlin to present its draft law on the date of the release of nuclear energy. The Ethics Commission was commissioned by the Chancellor gave his opinion: Germany should abandon nuclear power within ten years.A position to resume its behalf by the head of the Bavarian Christian Democrats, allies of the CDU Angela Merkel, during long and tough negotiations this weekend, amid new anti-nuclear demonstration.
Threat of blackout
Is that the pro-nuclear industry in mind, threatening the country with a blackout or an exorbitant cost in case of renunciation too fast for nuclear power plants. Energy-intensive factories will be in trouble, warns the Association of Industrial Energy. According to Bild, the government expects an output cost of an atom of 16 billion euros by 2015, while the overall figure of 40 billion euro circulates in the CDU documents cited by the Süddeutsche Zeitung .
In Italy, Silvio Berlusconi's government, which provided early in the year to revive the nuclear arrested in 1987, has also backtracked.He earned the confidence last Tuesday in Parliament on a gel for a year or two atomic projects.
In France, where nuclear has provided in 2010 about 74% of electricity, its place in the energy mix should be widely debated during the presidential campaign. In this context, the Government has entrusted to the Court of Auditors an audit on the cost of nuclear power, future decommissioning, waste management and additional costs of security including post-Fukushima.The Prime Minister asked to "gather the relevant questions of economists as associations of environmental protection, but they denounce expertise not pluralistic.
Completely new, reflecting the effect Fukushima in the country's most nuclear-armed world, the Directorate General for Energy and Climate (DGEC) asked its experts to calculate the impact on the electricity bill and releases CO2 down 5% from nuclear. Response in September.
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China's competitiveness is being eroded in favor of the United States. Producing in China soon will cost more than 10-15% cheaper than in the U.S. by 2015, reports a study in the Boston Consulting Group (BCG). Taking into account all costs associated with transport and storage, the Chinese advantage will be reduced to less than 10% or even completely canceled, said the U.S. consulting firm. This is mainly because of the progressive narrowing of the gap between industrial wages in both countries.
BCG how he arrives at this conclusion at odds with the traditional discourse of economists? BCG has adjusted the salary cost of the two countries based on the productivity of workers, Americans are more efficient – such as better trained – than the Chinese. It also took into account the fact that the Chinese currency, the yuan will continue to rise against the dollar in the coming years.BCG analysts believe, after these adjustments, the wages in industrial cities like Shanghai or very dynamic Tianjin will be lower than 30% of those in the United States.
"Because of the lack of skilled labor in China, wages increase by 15% to 20% per year," said Harold Sirkin of Boston Consulting Group in a study published late last week. "We therefore expect that the net cost of labor in industry in China and the U.S. converge around 2015." Before concluding: "We will see many more" Made in USA "in the next five years."
Americans more productive
While China sees its labor costs rise, the U.S. productivity gain in parallel.More flexible labor code, public grants and favorable agreements negotiated with unions: "Many U.S. states, like Mississippi, South Carolina or Alabama, improve their attractiveness as centers of production to lower cost," says BCG . Some big names in American industry have recently relocated their production to the United States. Caterpillar has recently announced the expansion of a factory production of hydraulic excavators in Texas. About 500 jobs will be created. Previously, NRC had repatriated in 2009 its production of ATMs in Georgia.
Large manufacturers, however, are not going to desert China so far. Goods produced in large scale and require much labor will continue to be produced in China, recognizes BCG.It must be said that the Chinese advantage in terms of cheap labor and unskilled labor remains unparalleled. A study by the U.S. Department of Labor published in April, the average hourly wage cost of a Chinese worker in 2008 represented only 4% of that of a U.S. worker. And only 3% of average wage costs practiced in the eurozone.
Retu to normal on global financial markets? The NYSE has taken first place in terms of IPOs in the first quarter for the first time in two years, according to the monthly survey from Ernst & Young. In total, 13.8 billion dollars have been raised on the New York Stock Exchange (NYSE) in the first quarter, representing 29.8% of $ 46.1 billion generated in the world. The Shenzhen Stock Exchange China ranked second (11.2 billion dollars of funds raised), followed by Singapore (5.6 billion dollars) and Shanghai (4.5 billion dollars).Taken as a whole, places China (including Hong Kong) are still topped the list with 110 transactions and $ 18 no fax payday loans.3 billion raised.
The comeback on Wall Street is "primarily due to higher introductions made by U.S. companies invest ment of capital and improved outlook on the economy across the Atlantic," said Frank Sebag, Ernst & Young . These transactions were made, particularly in the energy sector and health. IPOs, however, have stalled in the world (- 14% compared to first quarter 2010). And the number of transactions fell 40% from the fourth quarter 2010 to $ 290. Geopolitical risks in the Middle East and disasters have dissuaded some Japanese companies to carry out their plans for IPO.
No professional football without modern infrastructure and schools of quality training. While this project is still in its infancy in the least developed African countries, Morocco wants to lead. The country hopes to turn these clubs into limited companies by next September and reach South Africa, Tunisia, Senegal or Algeria to rank African countries with a professional league.
To mark the International Week organized sport for the first time in Marrakech, the Minister of Youth and Sports of Morocco, Moncef Belkhayat and President of the Royal Moroccan Football Federation Fassi Fihri stressed the importance of football in particular as a "national issue and driver of economic development.""But to play its full social and economic role is a structured football that Africa needs," said Vincent Chaudel, communications director Europe, Africa and Middle East at Kurt Salmon, a consulting firm.
In this regard, Africa has more work for the president of the Confederation of African Football, Issa Hayatou, although he welcomed the progress made by Morocco, which he readily describes as "an example for African football. " "Wanting to professionalise football is good, but it requires a disciplined organization," he says. And schedules must be met to optimize working conditions of media and attract business partners. "
"Without our states, there would be more African football"
Because for now the core of private investors remains low in Africa."In Morocco, no bank and no insurer invest in football," said Jalal Hajjou, general manager of Optimum. Because they have no visibility into the return on investment. The new project of the Ministry of Youth and Sports should change the situation. But key players must come together around a table now, not six months from the African Cup of Nations in 2015 (organized by Morocco, Ed).
Suddenly, football clubs are still very dependent on public subsidies. "Without our states, there would be more football in Africa, provides Hayatou faxless payday advance. If they want to become professional clubs must take control and reduce government subsidies. " The example of infrastructure is significant. "Most clubs do not own their stadium, says an expert. They therefore depend on public authorities to use them. "Stadiums that can accommodate up to 50,000 steps and does not fit the profile of pregnant may receive league games. "Africa has few speakers to more reasonable dimensions, that is to say between 10,000 and 20,000 seats especially in less developed countries," says this expert.
"Football in Africa is more a political and economic"
The low inflows coupled with the lack of a disciplined organization also discourages presenters who bemoan a lack of technical means, limiting the broadcasting of matches in quantity and quality. "While football is not professional in Africa, the broadcasters will be more patrons as economic partners," says Njike Jackson, CEO of Canal + Cameroon.And regrets: "Today, football is more a political than economic or social issue."
Consequence: significant differences have widened in TV rights in Africa. When they rise to 30 million in South Africa where the FA is professional, they are close to nil in Cote d'Ivoire, Mali and Senegal. "The total weight of the economy of football in Africa is between 1 and 1.5 billion, equivalent to the economy of football in France," said Christophe Bouchet, former president of the Olympic Marseille.For the former CEO of Sportfive, a company specializing in sports sponsorship, "the success of African football through the mobilization of all stakeholders (sports institutions, government, partners, media), but the central role must be held by the clubs. "
After installing the African Cup of Nations as the third major world football event (after the World Cup and Euro), Africa has shown that he could organize a World Cup. "It remains now to win 'dream President Issa Hayatou.