Experts allow a margin of error of 1 gram per kilo.According to Marc Le Parco, national coordinator of the verification campaign, was quoted as saying. The slightest irregularity can quickly take on dramatic proportions. Few grams of each product purchased and the financial impact is significant for the home … especially in times of crisis where some households are very fragile.

Cell specific investigation, however, that this dysfunction is not necessarily a desire to mislead the customer. In most cases this is due more to negligence because companies often delay their legal control instruments, or even eventually forget them. Initially, agents are content therefore to discipline professionals. A record is then written in the second offense.

This morning, the spread between government securities, french and German, that reference in the euro area, has reached a new record since the inception of the euro with an increase of 8 basis points (bps ) to 173 bps.

In Italy, Prime Minister Mario Monti called for a short time to market his team to form and implement a program, which will contain "sacrifices cash advance." For its part, the new Prime Minister of Greece, Lucas Papademos, assured that the implementation of decisions taken at the top of the euro area on October 27 would be the "main task" of the new government, preventing the Greeks from one period difficult. He has said the country's public deficit in 2011 will be reduced "at around 9%" of GDP.

This morning, the euro continued its decline against the greenback. The single currency is dollar 1.3583 (-0.29%) in morning trading. The small increase in oil is: a barrel of "light sweet crude" for December delivery gained 8 cents to 98.22 dollars a barrel while Brent North Sea crude for December delivery took 44 cents to 112.33 dollars .

For the euro, auctions have never been so high. The Heads of State or Government rejected twice by the end of the game. They meet Wednesday night to decide on a "package" massive enough to stop the contagion of debt, no more poor national treasuries and banks already weakened by the crisis.

Prime Minister François Fillon asked Tuesday the issues preventing a failure "could push the European continent to unknown lands." The common currency is, with the single market, the cement of the EU. Dramatization, she stretches under the gaze of politicians: in Rome, London or Berlin, the crisis of the euro weakened government coalitions. The majority of Silvio Berlusconi Tuesday seemed on the verge of bursting.David Cameron faces a near-rebellion in its ranks conservatives, not on the euro but even on membership of the United Kingdom to the EU.

Defense against infection

For now, Angela Merkel seems less threatened. But witness the influence of its parliamentary majority on crucial European choices, the Chancellor will accept the decisions of the summit after obtaining a travel order tightened the Bundestag. "There is no need to top, just look at the parliamentary debate before the Bundestag on TV," a European diplomat scoffed Tuesday. At the heart of the debate in Germany find themselves the roles of the European bailout fund and the ECB's refinancing loans become vulnerable to large countries like Italy or Spain.

The drama may come from Silvio Berlusconi.Italy, the third continent's economy, has taken the place of Spain in the nightmares of the leaders of the euro area. To it they think of first when they say they want to erect a barrier against infection. Nicolas Sarkozy has strongly requested the Italian Prime Minister to introduce an austerity plan credible to their peers. Tuesday evening, all indicated that the Cavaliere would arrive in Brussels on hands almost empty. He could get away with a pirouette. "Who will take the risk of rekindling the fire on the euro, claiming that Italy is definitely not serious?" Asks a well-placed observer.

Tuesday in Brussels, experts and diplomats continued to activate a device described as "quite substantial".But this is not the only issue: Wednesday evening, "it will be for each to balance the three points of a triangle: accept economic reality difficult to convince a sustainable markets and minimize the impact of the election austerity" . The crisis has entered its most political.

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Moderated somewhat in early trading, the Paris market has accelerated the pace in the afternoon, reassured by the good performance of Wall Street. In session the Dow advanced 1.77% and the Nasdaq 1.49%. To observers, the shift is mainly due to the information that has filtered through the preparations for the EU summit scheduled between Sunday and Wednesday. Finance ministers of 17 countries of the monetary union have found themselves in the afternoon on Thursday in Brussels to finalize this key event for the euro area.Paris and Berlin have already announced that Nicolas Sarkozy and Angela Merkel would meet Saturday in Brussels to prepare an "ambitious and comprehensive response" to the crisis. Concrete measures should then be unveiled during a second summit to be held "no later than Wednesday."

The bad news relegated to planIl will then not only to agree on how to increase the capacity of the European Financial Stability Fund (EFSF), but also to review the new rescue plan for Greece.

Hope for quick and concrete progress on the thorny issue of sovereign debt in the euro zone was overshadow the bad news of the day. After Moody's, Standard & Poor's raised doubts about the triple-A long-term debt of France, where strong economic downturn.In the same case scenario, the agency also mentions a possible degradation of the notes from Spain, Italy, Ireland and Portugal according to economic conditions.

Weekly balance sheet negative for banks

Bank stocks, regaining ground as we approach the Summit of Heads of States in Brussels. BNP Paribas was up 6.22%, 5.59% Societe Generale and Credit Agricole of 3.93%. On the week, however, accuse the banks of heavy losses. Over the whole week but it heavy losses. In five days, Societe Generale lost 8.95%, 6.82% Credit Agricole and BNP Paribas 1.46% guaranteed pay day loans.Unlike some of the best performance on the CAC 40 weeks, there is Pernod Ricard (3.76%) and Danone (3%) who announced results considered of good quality, in the last days.

• Essilor (+3% to 52.48 euros)

The world leader in ophthalmic lenses achieved a growth of 6.4% of its sales in the third quarter 2011 to 1.04 billion euros. The group also confirmed its target for 2011 growth of its business "between 6% and 8%" at constant exchange rates and strategic acquisitions, and its goal of stability margin excluding strategic acquisitions.

• Safran (-8% to 22.20 euros)

The group confirmed its targets for 2011. It aims for 2011 growth of around 6% to 9% of its revenues and 25 to 30% of its operating income.Safran has seen its turnover increase from 5.2% to 2.72 billion euros in third quarter

• Valeo (6.63% to 35.85 euros)

The group reported a turnover up 14% in the third quarter to 2.6 billion euros and confirmed its operating margin target for 2011.

• Klépierre (4.01% to 22.28 euros)

The group reported a growth of 4.9% of its sales in the third quarter, supported by the increase in rents shopping centers.

• FranceTelecom (2.58% to 12.94 euros)

Orange will acquire 100% of the mobile operator CTC (China Telecom Congo) in the Democratic Republic of Congo, the French group paying $ 10 million (7.3 million) to ZTE for its 51% of CTC and 7 million dollars to the Congolese government for the balance.

• Pierre et Vacances (0.59% to 29 euros)

The group reported Thursday a 2010-2011 annual turnover of 1.47 billion euros, up 11.2% on a comparable basis. Solely on the fourth quarter of fiscal year, ended Sept. 30.

• Etam Développement (2.81% to 14.25 euros)

The group released Thursday a quarterly revenue of 269.4 million euros, down 10.7% on a comparable constant exchange rates.

• OL Group (-0.68% to 4.40 euros)

The group announced Thursday it had reduced its net loss to EUR 28 million for the year ended June 30, against 35.6 million a year ago and have returned to a positive EBITDA (8 , 9 million) "despite a very mixed season in sport."

Tens of thousands of demonstrators, inspired by the "outrage" of Wall Street and Spain, marched Saturday in Rome, the city had been cordoned off by police. "One solution, the Revolution!", "We are not property in the hands of bankers," could be read on the signs of the protesters.

In Rome, several cars were torched. Photo credits: ALBERTO PIZZOLI / AFP

Established in 1991, these tax incentives allow households to deduct from their taxes half of their spending on home care services in a ceiling. This system was completed in 2007 by a tax credit for tax-free households, with half the money spent now repaid them without the income tax is a limit.Thus, a household spends 2,000 euros per year in-home services and pay (before deduction of tax benefit) 500 euros tax can now get 1000 euros, against 500 before.

Result, "said resort" home care services took off in twenty years. It doubled between 1996 and 2008 from 6 unsecured personal loans.4% to 12.8% of households. "This development reflects both supported the regularization of undeclared work and employment creation, because of better solvency of households," says INSEE.The institute estimated that between 85,000 and 300,000 the number of households that have used more, thanks to fiscal measures, such services.

Tax Credit

The only tax cut would have enabled the creation, between 1991 and 2007, from 12,000 to 43,000 full-time equivalent jobs "at an annual cost per job created between 23,000 and 85,000 euros."

The tax credit, introduced in 2007 for households not taxable, would have in turn fostered the creation of 4,000 to 14,000 jobs, an annual cost of between 9,000 and 28,000 euros per job. This new provision is only in the end only 2% of the overall cost of the tax benefit (122 million) from the simple fact that users are low-income households, rather young, and therefore little use to home care services.

Monday evening, the finance ministers of the Eurogroup announced after their meeting that they see "in October," the decision on the next tranche of 8 billion euros to Greece. Europe is planning to review the private sector in the second aid plan and is considering increasing the relief fund for indebted countries (EFSF).Finance Ministers have also agreed on the granting of collateral in exchange for loans to Greece.

Athens, meanwhile, announced new measures after Sunday warned that the country would not meet its deficit targets required by its creditors.

Oil down

Fears weigh on the euro area also on the European currency. The euro sank below the $ 1.32 in late morning, its lowest level since January against the greenback, carried away in the turmoil of the debt crisis and the postponement of a decision on Greece by the finance ministers of the euro area. Mid-session, the euro bought 1.3184 dollars against 1.3178 dollars late Monday.First thing in the session, he even fell to 1.3146 dollars, its lowest value since January 13.

Oil markets, concerns about the global economy weigh on prices: a barrel of "light sweet crude" for delivery in November lost 1.47% dollar to 76.47 dollars in the morning.

In terms of macroeconomic indicators, investors will pay attention to the publication of industrial producer prices in the euro zone in August expected at least 16 hours. Overseas, industrial orders in the U.S. for August are expected in 16 hours. At the same time, the president of the Federal Reserve, Ben Bernanke, scheduled to speak before a congressional committee on "economic forecasts".

Dexia has announced the sale of its flagship

The entire banking sector will be followed on Tuesday.The board of directors of Dexia (-20.77% to 1.03 euros) announced last night to have initiated a process to solve the structural problems of the group but did not mention track in particular. The Franco-Belgian bank should speed up the sale of its jewels and isolation of its non-performing assets in a "bad bank" quick guaranteed personal loans. His last note was placed on negative watch by Moody's. Deminor insists that the shareholders are consulted before any decision on a plan for the future of Dexia, said the consulting firm to shareholders in an open letter disclosed by Reuters.

For its part, Societe Generale (-3.95% to 18.22 euros) halved its need for long-term financing in 2012, she announced.The French bank will only need 10 to 15 billion euros.

Also in the European banking sector, the first German bank Deutsche Bank has abandoned its goal Tuesday to reach a record operating profit of 10 billion euros this year, but assured that it will profit in the third quarter.

The sugar group Cristal Union will acquire in a friendly group Vermandoise for nearly a billion euros to create the number five European sugar industry, which will be number two in France behind Tereos. Vermandoise group includes two companies listed on NYSE-Euronext Paris, the Society of Sugar Vermandoise (SVS) and the Sugar Company of the Old Pithiviers (SSPLV).The listing of the two securities is suspended.

Stallergènes (-3.63% to 44.81 euros) announced a reorganization of its governance, which will see the arrival of a new executive managing director in early 2012.

GDF Suez (-1.70% to 22.02 euros) has completed the sale of the Rete Gas G6 consortium of infrastructure funds F2i, AXA Private Equity and Enel Distribution. The sale values ​​the distribution assets at an enterprise value of 772 million euros, to 103% of the regulated asset base in 2010, 9.3 times Ebitda and 17.5 times net income. This was announced in June.

Bonduelle (-1.31% to 63.50 euros) reported a sharp drop in its annual net profit by 48% to 30.4 million but expects a rebound in profitability for the year 2011-2012.The food group is also in talks to buy the vegetables Aucy in Russia.

Naturex (-6.88% to 46.02 euros), a specialist in natural ingredients of plant origin, will launch a capital increase of € 49.3 million to fund acquisitions and increase its free float stock.

Group Gorge (9.95% to 6.74 euros) flames just after the announcement of its largest order in the nuclear industry, a contract of 30 million euros in China.

The TTF, as amended Brussels, aims to hit 85% of financial transactions. It will be collected from banks, stock exchanges and financial services providers. Individuals and businesses will be affected only indirectly.Bank loans and mortgages, foreign exchange, insurance contracts and other financial products for individuals not included in the base, according to the draft directive obtained by Le Figaro.

The idea of ​​the TTF is in the air since the beginning of the crisis. On the need to find new revenue for the budget adds a political justification: to charge the world at least part of the cost of public rescue operations conducted since the fall of 2008. The European Commission amounted to 4.6 trillion euros in three States' commitments to the financial sector.

Obama opposed this idea

The idea, for it may seem attractive to the taxpayer, has struggled to take off. G20, it was rejected by Barack Obama and emerging powers short term personal loan.In Europe, precisely because of global consensus, it comes up against the reluctance of countries like Sweden or the Netherlands, who fear that the EU put a bullet in the foot. Only Nicolas Sarkozy and Angela Merkel continues to bring the European project at arm's length. But the idea made its way to reduce the application to the smaller group of seventeen countries of the euro.

Parliament and the Council, where each state has a veto tax will decide the fate of the project in the coming months. For now, it is to revive the dice before the G20 summit in Cannes on November 3 and 4.The Commission expects the EU to play a pioneering role on the TTF as before on climate and other economic powers will eventually follow suit.

In this act of faith, there is still a loophole: the determined opposition of the British Treasury and the hostility of the City, which Europe generates more than half of its financial transactions. Tax in Europe "has no meaning if the markets scamper overnight to New York or Singapore, 'says there is little George Osborne, Chancellor of the Exchequer.

The Brussels experts recognize the danger of "offshoring" noting in their expected "extreme mobility of most financial transactions." The Commission responds by imposing low, but also by raking off: a transaction conducted in Asia or America would be taxable, since it would be conducted by a firm established in the EU.

"People panic"

A restructuring would mean a partial collapse of the country. A hypothesis that is growing in Europe as soon as possible to avoid a domino effect on subsequent Greek procrastination. Many economic analysts, as Katerina Sokou, see this as a political game. "The government hopes the restructuring of 50% but does not want to ask, she says. The idea is to pass the measures, even if they are bloody and unjust for the most disadvantaged, in order to be rewarded with a debt restructuring, while remaining within the euro area.Of course, this implies a shower of austerity for years. But having a viable Greek debt is better for Europe. "

Several other European officials have discussed in turn: Klaas Knot, Member of the Board of Governors of the European Central Bank said it had absolutely no idea of ​​a Greek default, indicating that s 'acting in one of the scenarios. This is the first member of the ECB to speak in this sense. More cryptic, the German finance minister, Wolfgang Schäuble, said he was "whether what was proposed in June and July for Greece is still sustainable in light of recent developments." At the same time, it is "too early to speculate on this idea right now," he added.

This evocation of more frequent non-payment of Greece begins to cause problems in the country."People are panicking. We receive many calls and emails requesting information, or should keep their money in the bank or not, says Sia Kossioni, presenter of TV news 20 hours SkaiTV. So we pedagogy and what it means to decrypt a bankruptcy, framed or not, a default or restructuring. "What a little more fragile banking sector, already in poor condition. Moody's dropped the rating by two notches from eight Greek banks. A decision justified by including "the expected impact of the deteriorating domestic economic environment of non-performing loans" and "still fragile liquidity position." The rating agency also believes that the outlook for the rating of the eight banks are negative.