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Unemployment in the UK fell to 8.2% in March after 8.3% last month. However, he could brush against 9% in 2013. Mervyn King, head of the Bank of England expects lower growth than expected.

Unemployment fell in March in the UK, according to official figures released Wednesday better than expected by economists, who provide a rare good news for UK economy into recession. Unemployment in the UK fell to 8.2% in March after 8.3% the previous month, while economists on average expected a rate of 8.4%.

The number of people looking for work fell by 45,000 over the three months ended in late March, reaching 2.63 million people, said Wednesday the Office for National Statistics (ONS). "The employment figures are remarkably strong." But they "really do not stick with the fact that the UK is supposed to be in recession," said James Knightley, an analyst at ING Bank.

The government, which expects an increase in private employment to offset job losses in officials as part of its austerity plan, hailed a "step in the right direction." But the general secretary of the union confederation TUC, Brendan Barber, for its part held that the figures were "mixed", with a drop in unemployment accompanied by the increase in part-time work and pressure on wages.

Observers of the coup remain cautious thereafter, believing that the upturn is unlikely to last, while the purchasing power of households remain under stress and that economic prospects in the UK as in the euro area are adjacent to the less mixed. "The labor market still does not come in support of a recovery based on consumption", and Judge Vicky Redwood, economist at Capital Economics. Howard Archer, economist at IHS Global Insight cabinet, table and on a peak in unemployment to 2.82 million people in the second quarter of 2013 with a rate of 8.8%.

These predictions stick with the diagnosis of the Bank of England (BoE). Economic growth in the UK in the short term will be "weaker" than expected, said Wednesday its governor Mervyn King at the presentation of the quarterly report of the institution on the economy. In this report, the Bank of England lowered its short-term forecasts, with an annual growth to below 1%, whereas in previous estimates, in February, she anticipated over the symbolic.

Yes and no … The new president issued his declaration of assets. Well above the average of the French, it is also below that of his predecessors. Francois Hollande has assets of 1.17 million euros. Does that make him a rich?

During the 2007 presidential campaign, Francois Hollande, then first secretary of the Socialist Party, gave his definition of rich: more than 4000 euros per month. This Friday, now the president has made public, as is tradition, heritage. Heritage Francois Hollande totaled 1.17 million euros. It includes a house in Mougins, on the heights of Cannes, worth 800,000 euros. Holland is also part owner of two other apartments in Cannes. He also reported owning furniture for 15,000 euros. Finally, it has three bank accounts totaling about 8000 euros, and life insurance of 3550 euros. Then, Francois Hollande is he rich? It depends on perspective.

Yes, if you compare his assets to the French average.

On average, each household in France has a heritage worth 259,000 euros according to INSEE. At 1.17 million, that of Francis Holland is more than four times. It appears even in the richest 10% of the population, who have a wealth of at least 552,300 euros. However, it is not among the wealthiest 1%: to be part of this club, the bar is 1.9 million euros. Francois Hollande may well be a president "normal", its heritage, it is very much higher than normal.

No, if we compare its assets to that of previous presidents

Nicolas Sarkozy declared, after his election in 2007, a heritage of 2.7 million euros divided into two life insurance policies. And, unlike Francois Hollande, said he also had 100,000 euros of jewelry, gold and other art objects. In 2007, Jacques Chirac left the Elysee with a had a wealth of 1.4 million euros, made up, including Castle Bity, in Corrèze. As for Mitterrand, his heritage was 9.7 million francs as it leaves the Elysee Palace in 1995, about 1.48 million euros. It mainly consisted of her apartment in the Rue de Bievre in Paris and his home in Latche, in the Landes.

No, if we consider that rich is someone who pays ISF

Reform of the ISF of Nicolas Sarkozy, in 2011, increased the threshold of wealth tax: it now accounts for taxpayers with a heritage than 1.3 million euros. At 1.17 million, Francois Hollande did not pay the ISF. He does not pay with the promised reform of the tax. Certainly it provides a slice of 0.55% on assets ranging from 800,000 to 1.3 million euros. But only the assets in excess of 1.3 million will pay this additional tranche.

Pierre Mariani denied Wednesday a decision on his replacement as head of Dexia, the Franco-Belgian bank being dismantled, and tried to defuse a polemical ; economic initiated in Belgium he would receive a golden parachute when he left.

Several Belgian newspapers reported that the Belgian government would like to replace Karel De Boeck, former CEO of Fortis. They add that Pierre Mariani was ready to leave his position as Group CEO on condition of receiving severance pay of EUR 1.2 million provided in the contract .

Reacting to the press articles, Pierre Mariani has denied having set conditions for his eventual departure.

"The Group CEO has made no request to the Belgian and French about the conditions of his eventual departure contrary to news reports published so far," he Pierre Mariani informed in an email to Reuters.

"No decision on the replacement of the CEO and President (Jean-Luc Dehaene, Ed) Board has been taken to date" he continues. 

"NO GOLDEN PARACHUTE!"

In Belgium, the assumption of payment of severance pay as described by the press was greeted coldly by the government and by politicians.

"Certainly, this should be discussed with the French authorities, as (with) shareholders. But my position is clear: no golden parachute! "Said Prime Minister Elio Di Rupo on his twitter account

." 1.2 million euros of golden parachute for Pierre Mariani is unacceptable as incomprehensible! ", were on their side exclaimed MPs environmentalists in a statement …… Dexia

… already saved from bankruptcy in 2008 by Belgium, France and Luxembourg, was cornered in the fall due to the dismantling of the crisis of sovereign debt

. Luc Coene, the Governor of the Central Bank of Belgium, said Monday Dexia, which enjoys state guarantees for its refinancing needs, would probably need to be recapitalized again

……. .. Since the crisis, the banking group has seen its market capitalization collapse. It is no longer valued on the stock market than about 370 million with a share price below 20 cents.

"CONFIDENCE TO PETER MARIANI"

Asked by Reuters, Michel Bouvard, president of the supervisory board of the Caisse des Depots (CDC), Dexia's largest shareholder with 17.7% stake, has in turn brought ; support for Pierre Mariani.

"Personally, I have every confidence in Pierre Mariani," said Michel Bouvard. "When you are in managing a complex issue, which is the case, it is better that he who began managing the file management ends until one goes to the next step. "

"I did not speak on matters of internal governance of Dexia," he nonetheless added.

Since the decision late last year to dismantle Dexia, the Belgian authorities have carried out the nationalization of retail banking activities in Belgium while France has decided to return via the CDC and the Postal Bank, the activities of local government financing.

The European Commission must still approve the plan and set the price that Dexia will have to pay in exchange for 90 billion euros of state guarantees provided. 

Dexia posted a net loss of 11.6 billion euros in 2011, and some analysts said the bank could continue to generate losses in the coming years.

Although in sharp decline, the size of the stock of Dexia is considered by some analysts as systemic because a failure to pay the bank would have incalculable consequences for the entire sys European Banking me.

Wall Street opened sharply lower Monday, as foreshadowed future, weighed down by the constant concern that represents the European debt crisis and by poor statistics in the euro area.

The result of the first round of French presidential and the imminent resignation of Prime Minister of the Netherlands with the prospect of early parliamentary add a touch of additional uncertainty coming from Europe.

The contraction of private sector activity in the euro area has increased more than expected in April, which could jeopardize the upcoming release of the region of the recession.

In early trade, the Dow Jones lost 0.9% to 12,909.08 points, the S & P 500 drops 1% to 1,364.87 and the Nasdaq Composite 1% to 2969.65.

Pfizer lost 0.66%. Nestle said Monday it agreed to buy child nutrition activities of the pharmacist to 11.85 billion U.S. dollars (8.99 billion euros) in cash, beating well on Danone.

Hasbro reported Monday a net loss of $ 2.6 million in the first quarter, amid lower sales in North America. The action yields 2.87%.

Xerox has released a quarterly earnings decline, investment in services has weighed on its margins. The action still earns 2.8% after the maker of copiers and printers has said it expects a rise in profit in the second quarter.

McDonald's has published quarterly results rise, driven by strong sales in its restaurants in the United States.

Net income for the world's largest fast food reached $ 1.27 billion, or $ 1.23 per share, in the first quarter against $ 1.21 billion, or $ 1.15 per share, a year earlier.

Sales at restaurants open at least 13 months rose 7.3%, while analysts polled by Consensus Metrix had forecast 6.7%.

At the New York Stock Exchange, McDonald's action progressed by 1.8% in pre-market trading.

The budget deficit of the French state stood at 24.2 billion euros in February against 28 billion a year earlier, according to data released Friday by the Budget Ministry.

Expenses (general budget and levies on revenue) reached 63.6 billion in February against 57 billion a year earlier.

Revenues (net of refunds and rebates) totaled 45.4 billion euros against 40.2 billion a year earlier. 

"The positive trend (from February 2011-Ed) is mainly in respect of expenses, for a faster pace of expenditure recognition, and respect revenues, for the record, in January 2012, an exceptional product for the allocation of authorizations to use radio frequencies, "the ministry said in a statement.

"The net tax revenues come up from one year to another," he says. "This positive development is consistent with the forecasts used in the last supplementary budget."

As for spending, their progress "is consistent with the prediction of the supplementary budget for 2012".

The government deficit is the main component of the public deficit, which also includes financial statements and those of local communities.

In 2011, the deficit has been 5.2% according to the first estimate published by INSEE.

France has committed to reducing the public deficit to 4.5% of GDP in late 2012 to return in 2013 to the EU limit of 3%. The government recently revised its 4.4% target for this year.

The Socialist candidate for president, Francois Hollande, currently leading in the polls, has also committed to reducing the deficit to 3% in 2013, after s 4.5% in late 2012. He plans to balance the public accounts in 2017.

The Italian economy contracted by 0.7% in the fourth quarter of 2011 compared to the third, according to final data issued Monday, confirming that the third power economy in the euro area has entered a recession expected to continue well into 2012.

According to figures from ISTAT, the National Institute of Statistics, gross domestic product (GDP) fell by 0.4% compared to fourth quarter 2010, against an initial estimate of -0 , 5%.

Domestic demand has decreased over the period, as investment and inventories. Only exports contributed positively to economic activity.

In the third quarter, the decline in GDP from one quarter to another was confirmed at -0.2%. Over one year the increase was 0.4% against 0.3% in the first estimate.

Two consecutive declines in GDP is the technical definition of a recession.

Over the whole of 2011, Italian GDP grew by 0.5% against 1.8% in 2010.

For the year that has just begun, technocrat government of Mario Monti expects a decline of 0.4% while the Bank of Italy expects a contraction of 1.5%.

Italy will reduce by over 30% of its control hunters Joint Strike Fighter F-35 went to Lockheed Martin as part of plan to reduce expenses related to the crisis, said Wednesday the defense minister.

Italy now plans to buy only 90 fighter planes instead of 131 on which it had undertaken a decade ago, said Giampaolo Di Paola who spoke to the defense committees of the Chamber of Deputies and Senate gathered for the occasion.

"This is a significant decrease which is consistent with the need to reduce spending," said the minister.

The economy for the Italian state will amount to five billion euros on an original estimate of 15 billion. 

To clean up the public accounts to the crisis of debt in the euro area, the Council President Mario Monti has established at year end plan of 33 billion euros based relegated ; tively tax and spending cuts.

Tuesday, he refused to finance the candidacy of Rome Olympics of 2020, noting that Greece continued to pay the cost of those she held in Athens in 2004.

In addition, Italy is planning to reduce its workforce by 20% defense-related. The country uses for its defense and military 183,000 30,000 civilians whose compensation represents 70% of expenditure in the defense budget.

Italy will close or sell 30% of its logistics bases and seats of its regional centers over five years. In the navy, the number of patrol officers will be reduced from 18 to 10 and the number of submarines of 6 to 4, said Minister of Defence.

Reducing military spending, Mario Monti is based on the policies of President Barack Obama announced Monday a defense budget of 2013 provided for a reduction Pentagon spending for the first time since 1998. The Pentagon has canceled orders for 179 F-35 over five years to save $ 15.1 billion.

Unibail-Rodamco said Wednesday night anticipating a growth in recurring earnings per share by about 4% this year after suffering a weaker than expected decline in 2011 in the context of consumption, however, difficult and unstable. Europe's leading commercial real estate has also maintained its target of annual growth in recurring earnings per share of between 5 and 7% on average over the period 2013-2015. "For 2012, the group remains confident about the growth in rents. This perspective is based on strong fundamentals: a low vacancy rates, as limited effort, rents rise and cost of debt content "said in a statement Unibail-Rodamco. The company explains that caution is when the impact of the crisis in the euro area consumption and the situation of teachers, however, can not be ignored. "The net assets has increased, thanks to growth in rents, which is a very positive point. ANR spring with a premium of 15% over the share price, which shows the value remains price, "said Thomas Aubert, the French manager at AM. Before the publication of these results, Unibail-Rodamco has indeed ended with a gain of 2.72% to 150.80 euros, compared to its net asset value (NAV) ERPA triple net stood at 130.70 euros at end-December (4.9% compared to end 2010). Analysts consensus Thomson Reuters I / B / E / S awaited a NAV 131.18 euros. PRIME on sales net rents stand at 1.262 billion euros in 2011 against 1.257 billion a year earlier. Shopping centers on net rents reached 984.1 million euros last year, up 2.4% year on year. At the end of December, the recurring earnings per share of the group came out down 2.6% to 9.03 euros, 8.89 euros against expected by analysts. When publishing its interim results in July, the group reiterated its outlook for a decline in recurring profit for 2011 of between 3% and 5%, given the impacts the exceptional payout in October 2010 and its program of asset sales. Unibail will propose to the General Meeting the payment of a dividend of eight per share in cash, representing a distribution of 89% of its recurring earnings per share as the market expected an average 8.08 euros. Despite the difficult financial markets in 2011, the group rated "A" by rating agencies Standard & Poor's and Fitch Ratings, has raised a total of 3.1 billion euros of new financing , medium and long term, in the form of bank loans and bond issues. "It is also interesting to note that even on desks, Unibail managed to achieve growth while all sales were made at a premium," said Thomas Aubert, the net rents of offices increased by 4.2% on a constant basis. Unibail-Rodamco, the market capitalization of 13.8 billion euros, sold 1.084 million euros of non-core business assets and 242 million euros of assets from offices in 2011, with an average premium of 7.8% over the last values ​​of external expertise. The portfolio of development projects of the group, who will deliver this year including the mall Lyon Confluence, the end of 2011 amounted to 6.9 billion euros, 1.5 billion already spent. The market value of the portfolio of Unibail-Rodamco amounted to 25.9 billion euros late last year, up from 1.4 billion end of 2010.

The number of registered employment center has again sharply in October. The unemployment rate could pass the symbolic threshold of 10% this year as the economy is threatened lights of a new recession. Explanations. Agency employment center in Nice

Unemployment continued to fly in October in France: the number of job seekers without activity (category A) has again increased sharply in October, 1.2%, or 34,400 people, to reach 2.814 million , according to figures released Monday by the Ministry of Labour. The total number of people seeking work, including those engaged in a reduced (categories A, B and C) also increased by 17,200 to 4.193 million people (0.4%).