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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.

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Consumer confidence signs outright acceleration in March after remaining flat in February, announced Tuesday INSEE.

The synthetic indicator of confidence was up by five points to 87 against 82 in February. It still remains well below its long-term average, keyed to 100.

All 20 economists polled by Reuters had expected an index to 82 on average.

In March, consumer confidence about their personal financial situation rose rose three points to -28, INSEE said in a statement.

That their future personal finances back seven points to -18.

Their opinion on the advisability of making major purchases is unchanged from February (24).

Households also feel that the time is somewhat less favorable than in February to save (2 points to 22).

A disappointing statistic relating to properties in the United States a pretext to the consolidation of stock markets Wednesday. European shares ended little changed in exchanges provided little in the wake of Wall Street at the same time.

In Paris the CAC 40 finished with a decline of 0.1% to 3,527.37 points. In Europe, the Stoxx 600 index of European banking achieves the worst performance, with a 0.9% decline, due to the unexpected drop in home sales in the old United States.

Home sales in the former fell in February in the U.S. and inventories of unsold homes increased, according to data released Wednesday by the National Federation of Estate Agents ( NAR).

After two sessions of declines, investors hoped that this statistic would be in line for a confirmation of the recovery in the United States.

According to observers, after the pause in Wall Street and European markets, markets will start rising. 

At the macroeconomic level, the British government announced a lower top rate of income tax and new taxes on large estates by unveiling a budget expected to provide better re ; partition of the burden of austerity while strengthening the announced reduction in the deficit.

In 2011, advertising revenues have stagnated with growth of 0.1%, according to an annual study Irep France pub. But all media are not housed in the same boat.

The advertising market has avoided the crisis in 2011, despite uncertainties about the European economy. Communication costs of advertisers rose 1.9% last year to 31.4 billion euros, according to the study Irep France Pub, the only net to provide data, thus reflecting the reality of the sector. But it is above the "non-media" that has led this growth: namely, direct marketing, exhibitions and fairs, sponsorship and public relations.

The media, themselves, have received only a much weaker performance of their revenues from 0.1% to 10.7 billion euros. "We can speak of a stabilization, which occurs after one year in 2010 up 3.9% and a historic collapse in 2009, which was the largest decline in the market since we measure the" summed Philippe Legendre , Managing Director of the Irep.

Winners of 2011 …

Like the Oscars, the winner is … film with revenue up 16.5%, to 105 million euros. "This is a segment that works well correlated with total attendance and films that perform. It has been three years since the film is growing, it was the same in 2009, is an" old " publicitairement media that works well, according to Mr. Legendre

. Less surprisingly, Internet display advertising (banners and inserts) always exhibits a strong momentum with a 14% jump in advertising revenue, to 616 million euros. And yet this figure does not include it sponsored links. Mobile advertising jumped 37% even, but the volume is still very limited: 37 million euros last year.

In the area of ​​print, Free news saw its advertising revenue increase by 5.5% last year to 145 million euros. And the regional daily press manages to snatch up 0.2%, to 937 million euros.

On television, revenue totaled 3.5 billion euros, up 1.6% year on year. Increased primarily due to the strong performance of new channels, which recorded a 18% increase. As for radio, it also increased, by 0.6%, to 748 million euros. But this good result is obtained only by a jump of 4.4% of local advertising. National advertising was down 0.4%.

… And losers

Taken as a whole, the press continues to fall. In total, 3.49 billion in advertising revenue, down 3.2% yoy (against -1.6% in 2010). Those of the national dailies fell 3.7% as magazines (- 0.7%), and the specialized press (-2.9%).

As for the free press as a whole, it has seen advertising revenues fall by 13.8%. The trend is driven by print ads whose revenue continued to fall by 18.8%.

Finally, on television, the five channels "historical" are declining at 1.8%.

For 2012, experts of this instutit provides market stability, with an increase limited to 0.8%.

The Post became a limited company with public capital has eliminated nearly 12,000 jobs in 2011 according to the CGT and SU. La Poste, "office of the future"

Nearly 11,000 jobs lost by departures not replaced. This is the figure announced by the CGT and SUD for the Post last year. Became a public limited company on 1 March, the Post employs about 240,000 people.  

For unions, these job losses have a direct impact on working conditions of postal workers.

In a statement, said the CGT and the Post recording of financial results up "with increasing job losses and tragedies that are multiplying," saying that "behind the numbers, a real human catastrophe develops within the company, "marked by the suicide of a young executive in Rennes last week.

SOUTH evokes his side a "precipitous drop" job with "10,091 jobs lost, or" about a replacement for four starts "seeing" a bleeding even more disastrous for the working conditions that mail traffic has declined 3%, "a weaker pace than expected 5%. The union stresses that" the number of CSD rose by nearly 10% "in 2011 with 2,000 additional employees with this type of contract to December 31. SUD also pointed out that the number of sick days per officer does not drop, reaching 20.45 days in 2011, against 20.86 the previous year.

After the suicide of the frame of Rennes, the CEO of La Poste, Jean-Paul Bailly, is committed to rapidly start "a cycle of listening and dialogue on health and welfare at work".

A series of meetings with trade unions to take place next week. Regarding employment, the direction of the Post reported in mid-February that it undertook to recruit at least 10,000 people on permanent contracts over the period 2012-2014 as part of a management agreement of estimates of jobs and skills (GPEC) subject to the signing of trade unions.

Executive added that 7500 study contracts would be offered over the same period.

Natixis reported Thursday a net profit above expectations in the fourth quarter of 2011, the bank is able to compensate for the decline in revenues in market activities s by controlling its expenses.

The bank, a subsidiary of BPCE (People's Bank-Saving), reports that fourth-quarter net income of 302 million euros, down 32% compared to last quarter of 2010.

According to the Thomson Reuters consensus I / B / E / S, analysts on average expected a net profit of 263 million.

In FY 2011, net income stood at Natixis 1.56 billion euros, down 10% compared to 2010. There is $ 2.6 billion for its parent BPCE.

Relatively less exposed than other French banks to sovereign debt crisis in the eurozone, Natixis said to have yielded in the last quarter of 2011 to 1.6 billion euros in assets in his bank Financing and Investment Banking (CIB) and two billion euros in assets in its portfolio of toxic assets.

In exchange, the Natixis shares gained 7% to 2.50 euros to 10.30, outperforming the European Banking (0.74%). At this price level, the title wins 28.5% since the beginning of the year after falling 41% in 2011.

In a research note, CM-CIC Securities said the "resilience of the economic model" of Natixis.

In corporate banking and investment income of Natixis were down 20% in the fourth quarter. However, they grew 6% in the Investment Solutions division and 2% in specialized financial services.

Constraint as the other banks to adapt its activities to the crisis, Natixis plans to eliminate nearly 280 positions in the BFI. It takes the same time be more selective in choosing clients and wants to stop certain activities of non-strategic markets.

Natixis will pay a dividend of 0.10 euro per share for 2011.

For comparison, BNP Paribas and Societe Generale have finished 2011 with profits of respectively 6 billion and 2.4 billion euros. Net income for the Crédit Agricole group stood at 812 million euros.

In late 2011, the capital ratio of hard Natixis, said core tier one, stood at 10.2%.

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 Greek government expects a budget deficit reduced to 5.4% of GDP in 2012 assuming implementation of the proposed debt exchange expected to reduce the burden of public debt, according to the proposed final budget submitted Friday in parliament.

Excluding the impact of the debt swap (PSI), the project includes a deficit equivalent to 6.7% of gross domestic product next year after 9.0% this year.

The exchange of debt should lead to an issue of new bonds with a nominal value of EUR 70 billion and the payment to bondholders deprived of 30 billion euros in cash.

The parliamentary debate on the budget next week to begin by examining the text in committee, the plenary vote is scheduled for 8 or 9 December.

A tax on financial transactions will not see the day at the international level, as expected, Nicolas Sarkozy, the finance ministers of the G20 Saturday overwhelmingly rejected the initiative.

Delegations American, Canadian, Japanese, Indian or Brazilian were against such a tax, which was one of the flagship initiatives that France hoped to advance during its presidency of the G20.

The tax, which is also reluctant Britain except that it is comprehensive, however, could be created only within the euro area, led by France and Germany.

"It was clear that we need to implement this tax in Europe because there is no support to do a comprehensive plan," agreed the German finance minister, Wolfgang Schäuble, after the meeting .

The European Commission has proposed the end of September an EU tax on financial transactions from 2014 excluding the foreign exchange market.

Under this proposal, transactions outside of Europe would also be taxed, from the time they involve a bank or other financial institution of the old continent, to avoid capital flight.

The tax does not, however, concern individuals or operations on the primary market sovereign debt and current share price.

The figures given by the Community executive cover a 0.1% tax on exchanges of shares and bonds and 0.01% on the exchange of products.

The device could raise some 30 billion euros per year, according to several preliminary estimates in the Community executive.

According to a recent survey by the Commission, 65% of Europeans are in favor of this tax.

The U.S. economy has created far more jobs than expected in September and the new posts of previous months have been revised upwards, according to official statistics released Friday that could mitigate fears of a return to recession.

Last month, 103,000 non-farm jobs were created, according to the Labor Department, while economists on average expected 60,000 creations.

The unemployment rate was unchanged from a month to month to 9.1%, in line with analysts' expectations.

The right numbers in September are based in part on the reintroduction of 45,000 employees of Verizon in the number of jobs created, they were not in August because of a strike.By excluding these employees, 58,000 new jobs were created.

Statistics disappointing August, which reported zero job creation, for its part has been revised to bring out 57,000 new jobs. That of July was also revised upward to 127,000 against 85,000 previously.

Overall, the private sector has created 137,000 jobs, 100,000 against and 42,000 expected in August. The public sector has eliminated 34,000 jobs to him.

RELIEF

These employment figures are one more sign that the U.S. economy could avoid falling into recession despite a sluggish summer.Last week, the growth of U.S. gross domestic product in the second quarter was revised up to 1.3% against 1.0% in the first estimate.

Recent indicators of the manufacturing sector, business spending and auto sales leave now think the economy is doing better than expected third quarter.

Hourly wages have also increased by 4 cents in September after falling all the previous month.They then recorded their first decline since October 2009, pushing the savings to its lowest level for over a year and a half.

"The increase in job creation and revisions of the statistics is comforting and exciting to the market," said John Kilduff, partner of Capital hedge fund in New York Again.

"But it seems premature to use these numbers to say, regarding the economy in general, we are out of the woods," he tempers.

In September, the U.S. economy has eliminated 13,000 manufacturing jobs, after having destroyed in August 4000.

Some economists fear that the debt crisis will derail the U.S. recovery, not a fear expressed Thursday by U.S. Treasury Secretary Timothy Geithner.

"We're still not at a job that can bring down the unemployment rate, which remains a key concern important to the economy," warns Ellen Zentner, economist at Nomura Securities in New York.

The economy must grow by at least 2.5% per year and create jobs 150.00 per month to prevent the unemployment rate to rise.