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Private sector employees in four will. And the public, who were spared, one will suffer. "In fairness", says Bercy, which hopes to save 200 million euros a year. A fourth day waiting period will be introduced for private sector employees.

A fourth day waiting period will be introduced for private sector employees on sick leave, the government said Tuesday, expecting a saving of 200 million euros for Social Security. Currently, time to which employees are compensated by health insurance is three days, often offset by the employer in large companies.

"In fairness," will also be established "one day waiting in the three public functions", announced in a joint statement the Ministers Budget Valérie Pécresse, Labour Xavier Bertrand and François Public Sauvadet.Earlier in the morning, Prime Minister Francois Fillon ruled "reasonable" before the UMP to create a day off for employees on sick leave.

If the introduction of a fourth day in the private sector is a regulatory measure, the measure for staff requires a statutory provision, the statement said. The ministers' per diem disease, representing 6.6 billion, growing at a rapid pace and difficult to justify (3.9% in 2010, after 5.1% in 2009). "

Ministers argue that "the bill initial funding of social security plans to change the replacement rate of subsistence allowances (DSA), enabling a lower expenditure of 220 million euros." Both measures are intended to achieve "an economy equivalent," explains Ms. Pécresse and MM. Bertrand and Sauvadet.

European households reduced by 0.8% think expenditures for gifts, holiday meals and outputs, according to a study released Tuesday. In France, spending will increase from 1.9% to 606 euros per household. French households plan to increase spending Christmas from 1.9% to 606 euros per household in 2011

Consumers in countries most affected by the debt crisis, such as Greece, are cut in their budget for Christmas, but the French and other Europeans should forget the rigor and loosen the belt a bit this holiday season, according to a study published Tuesday. Christmas 2011 appears as "the last opportunity to have fun, but without folly, before 2012 is awaited with concern," according to the Deloitte study, conducted among 18,354 consumers in 17 countries in September."The French may have gone too far" in some trade-offs since 2008 and "they relax a little," said Antoine de Riedmatten, a partner at Deloitte, saying they want to "have fun", but "with caution ". For 45% of them think that their purchasing power will deteriorate next year, against 36% last year.

Money and books at the top of desired gifts

The French buy more food and great brands for these feasts, having directed forward towards private labels. Similarly, they offer gifts to a few more people and make a little less gifts grouped, he says. If the criteria price and value guide further choices, well-being will also be preferred, as reflected in the intentions of gifts, third place in spa services, care or massage behind the chocolates and perfumes and cosmetics.

The Irish budget deficit has reduced by 4 percentage points of GDP since 2009. Corporate profitability recovered sharply. But deleveraging too fast may influence the activity against becoming productive. Pedestrians in Dublin

If Ireland is still part of PIGS, it can not be in the same category as Greece or Portugal, as progress in a few months by former Tiger European are important. The Irish budget deficit – excluding bank recapitalization needs – fell by 4 percentage points of GDP since 2009. The current account deficit turned into a small surplus. Finally, corporate profitability recovered sharply.

The experts of the International Monetary Fund (IMF) of the European Central Bank (ECB) and European Commission, who have just completed their assessment mission in Ireland, are seduced. "The ongoing adjustment is solid.The 2011 budget targets will be achieved and the ongoing structural reforms will also contribute to sanitation, "they note in their report.

However, Ireland is now entering a delicate phase. Or the risk of too rapid deleveraging weigh on activity, against becoming productive. The experts of the IMF, the ECB and the Commission to admit the hint. "Ireland will have to find a balance between the imperatives of debt reduction and limitation of the barriers to growth and job creation," they point out in their report. This sentence harmless and a bit blurry could announce a change in strategy for Ireland. The country needs it, says a recent report by Goodbody Broker.

Make concessions

Indeed, in Ireland, over-indebtedness affects both the public sector, private sector and banks.Simultaneously reducing the three is clearly a bad idea, says the report. If Ireland is determined to meet all objectives at the same time, the evolving recovery will be quickly suppressed. A risk highlighted recently by the Finance Minister Michael Noonan. Especially since the motor only turns in exports. The domestic market remains depressed by lower prices (unit labor costs fell by 15% and commercial property prices have been divided by two).

We must therefore make concessions to one side. But which one? As for households, the government can not do much. The debt reached 220% of disposable income, nearly twice the international average. And fall of financial markets could reduce household net wealth of 250 billion euros. The Irish are going to have to tighten their belts for several years.Make concessions on the public debt is also not in a financial crisis. Ireland recorded a primary deficit of 6% of GDP in 2011. This is the worst result of the euro area.

Remaining banks. They must bring their ratios to 122% loan to deposit by 2013. The challenge today is to allow banks to achieve that clean without excessively penalizing the credit. This will doubtless involve additional time but also further aid from the ECB, economists now believe. Lengthy discussion in perspective.

The German government has reduced by almost half its growth forecast for 2012, confirming fears of a sharp slowdown in Europe's largest economy due in part to the crisis in the euro area.

Berlin expects growth of 1.0% in 2012 and not more than 1.8%. For 2011, the government now plans to grow by 2.9% instead of 3.0%.

"The pace of expansion slowed, as expected," said Economy Minister Philipp Rösler, but added: "Our economy remains on a growth trajectory."

An environment less favorable for export explains in particular the slowdown in growth, the ministry said.

"Domestic demand will become even more the mainstay of economic growth in Germany," he observes."Growth as a whole is that it will almost this year and next."

The ruling coalition in Slovakia will have to overhaul the government or call early elections if it does not find a majority in parliament to ratify the reform of the European Financial Stability Fund (EFSF), said Sunday the main opposition party.

The country, with only 5 million inhabitants, could hinder the ratification process of strengthening the powers of the Fund reform validated so far by 14 of the 17 countries in the euro area.

The center-right coalition of Prime Minister Iveta Radicova hard to achieve a parliamentary majority on this vote, which is expected by October 14, since one of the coalition parties, Freedom and Solidarity (SaS) is refuses to support.

"Either the government approves the EFSF and the coalition will do well by itself, or the ruling coalition is not able to make such a decision and will have to rely on the help of the opposition, but with consequences on the functioning of the ruling coalition, "said Robert Fico, Smer party leader, during a televised debate.

The Smer, which has nearly 40% approval rating in the polls, supports the reform of EFSF but refuses to reach out to the coalition.Robert Fico said that it would overhaul the government or call new elections if it failed to unite.

"We are ready to support the EFSF, but if we do, that means no more ruling coalition in Slovakia," said the former prime minister Iveta Radicova predecessor as head of government.

The French will be more better off put to three years, the time to reduce the deficit, but the government should ensure the right balance to avoid an exodus of the richest, said Wednesday at the Reuters chief executive of Publicis Maurice Levy.

The French executive, who is about to announce a package of measures to meet its deficit reduction targets, including considering a contribution of more privileged who could take the form of an exceptional tax the highest incomes.

"The whole problem is to calculate the contribution so that it is not only symbolic and it is not a discouragement for the ruling classes, or advantaged people who say 'this If I go, '"said Maurice Levy, who also chairs the French Association of Private Enterprises (AFEP).

"So it's a balance to be struck so yes it is an effort, it is limited in time, it allows to solve problems, it is significant but it is not discouraging, "he said in an interview with Reuters.

In an article in Le Monde in mid-August, Maurice Levy floated the idea of ​​a contribution of the richest in France, before being joined by a dozen other CEOs.

The government and several officials of the majority suggested that the key contribution income over one million euros annually.The approximately 30,000 households concerned and would pay a total of about 300 million euros in additional taxes next year as determined by the UMP rapporteur of the budget in the Assembly, Gilles Carrez.

No cups ADVERTISING INVESTMENT

Some voices were raised to denounce a cosmetic measure, which would not affect the distribution of wealth in France.

"I do not want this to be only symbolic, I think it has to be a real contribution," said Maurice Levy, who initially pleaded for an effort of limited duration, without excluding a subsequent more comprehensive overhaul of the tax system.

"I think it takes three years to redress public finances if they have a sustained and vigorous," he added."Then we take stock, and if after three years you realize that it's better to reform the system, we will reform the system."

Maurice Levy was confident in the ability of France to redress its finances, while stressing the need for structural reforms.France suffers particular, he said, a cost of labor made too high payroll taxes, and a labor law particularly complex, especially with regard to restructuring.

Maurice Levy is leading advertising group in the third world in terms of turnover, whose activity is sensitive to changes in economic conditions.

While stock markets have come through three weeks black leaded by fears of a slowdown in the global economy and the problems of sovereign debt in the euro area and the United States, the head of Publicis said he did not see the signs of downturn.

"What we've done so far in August, is to call many of our customers and try to understand what was going to happen on future investments," he said. "For now, the indications we have are indications of continued investment without much change."

He was optimistic for next year, which will be marked by two major sporting events: the London Olympics and Euro 2012 football.

"With these two events, we already know that it adds between 80 basis points to 120 basis points for growth," he said.

Provided, however, of fighting inequality and corruption, according to a study by the Asian Development Bank. The commercial area of ​​Nanjing to Shanghai

Asia could be as rich as Europe to 2050, but only if combat challenges such as inequality, corruption and climate change, warns a study by the Asian Development Bank (ADB) published Tuesday, August 2 . If current trends continue, Asia will total half of world economic output in 2050 and three billion people have joined the ranks of the richest in the world, with revenues equal to those of Europeans today, according to the report entitled "Asia 2050: Realising the Asian century."

But the ADB study noted, however, that the region with the highest growth in the world is still home to almost half of the world's poor, earning less than $ 1.25 a day. The march to prosperity is driven by seven Asian nations with more than three billion people, China, India, Indonesia, Japan, South Korea, Thailand and Malaysia. According to the most optimistic scenario, gross domestic product (GDP) of Asia combined – including both poor countries like Laos and Pakistan – will rise from 17,000 billion in 2010 to 174,000 billion in 2050, with a GDP per capita of 40,800 dollars.

But the rise of Asia is sustainable, the study warns, the region should emulate past successes in Japan, South Korea and Singapore, promoting equitable growth. "Asia is in the midst of a historic transformation," the report said."By nearly doubling its share of world GDP to 52% by 2050, Asia could return to the dominant economic position it held 300 years ago, before the industrial revolution." The report, however, the risk of advanced bursts of rapid growth followed by periods of stagnation or decline.

He said other challenges such as rising inequality within and between countries, poor governance and corruption, and increased regional competition for natural resources. In the worst scenario, Asia could be taken in a whirlwind of bad macroeconomic policies, uncontrolled exuberance of the financial sector, conflict, climate disruption of natural disasters, demographic changes and poor governance.To make sustainable growth in Asia, the study says, the region must tackle poverty, ensure equal opportunities, and focus on education, entrepreneurship, innovation and technology development.

EDF issued Friday an increase in profits in the first half data in organic and has set targets for growth in the medium term long-awaited by the market.

The electrician public said in a statement it was for the period 2011-2015 average annual growth of between 4% and 6% of its gross operating profit (EBITDA), at constant scope and exchange rates, and a range from 5% to 10% in net income.

EDF is also a ratio of net debt to EBITDA below 2.5 and a payout ratio of 55 to 65%, and net investments of between 13 and 15 billion euros in 2015.

The group, which seeks to diversify its energy mix and geographical locations, said in May it was 200 gigawatts (GW) of capacity in 2020 against 150 GW at present, 50% in the nuclear, 25% in the thermal (gas, coal) and 25% hydro and other renewables.

In France, EDF said in particular that it plans to spend between 3.4 and 3.6 billion euros in 2015 to ten-year inspections, the program of replacement of heavy components and other investments related to plant operations, against $ 1.7 billion in 2010.

The electrician also provides that the efficiency program will allow him to record 2015 earnings by more than 2.5 billion euros (over 2010), about 1.3 billion euros purchasing performance, on the margins, operating costs and investments.

PURPOSE OF NUCLEAR PRODUCTION RECORD

After restatement of the first half of 2010 to reflect the disposals, the group recorded in the first half 2011 net income group share of EUR 2.554 million (139% organic), a net profit of 2.629 million ( 12.5% ​​organic growth), EBITDA of 8.616 million (6.2% organic) and a turnover of 33.464 million (+2.7% organically).

According to the consensus reached by the group, analysts on average expected a net profit of 2.429 million euros, EBITDA of 8,580 million and a turnover of 33.508 million.

The growth in EBITDA in the first half was driven by good operating performance in France, where the group has improved the performance of its nuclear fleet, and the United Kingdom.

EDF is also the target range nuclear production for 2011 at a level of 411 to 418 terawatt hours (TWh), against a target of 408 TWh to 415 TWh above.

For 2011, it is always an organic growth of its Ebitda of between 4% and 6% and a dividend at least equal to that paid for 2010.

It is also banking on a ratio of net debt / EBITDA between 2.1 and 2.3 by including the buyout of minority EDF Energies Nouvelles.

"The most demanding investment criteria will be applied. The EDF Group will invest in projects that create value from 300 basis points above the weighted average cost of capital (WACC), which corresponds to rates of return above 1.0 to 1.5% from the previous criteria, "he added.

The title EDF closed on Thursday during a 27.005 euros, registering a decline of 12% since the beginning of the year after a plunge of 26% in 2010.

Hyundai Motor on Thursday posted a net profit up 37% in the second quarter, exceeding analysts' expectations, the manufacturer of vehicles worldwide sales record while clawing market share to its Japanese competitors.

South Korea's fifth global manufacturer, said he had a net profit of 2.300 trillion won (1.5 billion) from April to June while the consensus is 2,100 billion won.

The same quarter last year, its net profit stood at was 1700 billion won.During the first three months of this fiscal year, he enrolled in 1900 billion.

Since the beginning of the year, Hyundai releases earnings on a consolidated basis, which can reflect the results of its subsidiaries including its financial operations in order to comply with new accounting standards.

The group said that its market share had increased to 5.5% in the second quarter in the United States, against 4.7% during the same period last year, driven by strong sales of the Sonata and the Elantra, while its Japanese competitors have seen their production affected by the consequences of the earthquake of March.

U.S. stocks finished higher Tuesday after quarterly results from big names considered encouraging and the rating on hopes of a political agreement in Washington to avoid a default.

The Dow Jones gained 1.63% or 202.26 points at 12,587.42 points, while the Standard & Poor's 500 took 1.63% or 21.29 points to 1326.73 points and the Nasdaq Composite advanced 2.22% or 61.41 points to 2826.52 points.

The increase accelerated after a speech by President Barack Obama suggesting that discussions were progressing toward an agreement to reduce the budget deficit and an increase in the ceiling of the debt of the United States as we approach the deadline of August 2.

In addition, accounts and prospects published by some major groups have enjoyed.IBM said Monday after closing a quarterly profit up 8% over the previous year and reported a sharp rise in new business in its services division. The action ended up 5.7% to 185.21 dollars.

The S & P value of IT has awarded 2.7%. Apple gained 0.8% before the publication of its results.

Coca-Cola took 3.3% to 69.32 dollars after publication of results slightly above expectations.

A jump in housing starts in the U.S., their largest increase since January, has also supported the trend.

This supported the builders like DR Horton (+5.7%).

Some banks have been neglected.Bank of America and Goldman Sachs dropped 1.5% and 0.6% after the publication of their results.

Wells Fargo, by contrast, soared 5.7%. The bank reported a 30% jump in net profit in the second quarter.