Traffic would be disrupted from Saturday, October 29 until Wednesday, November 2 included online payday advance. The airline plans to provide 80% of flights, but stresses that "considerable uncertainty remains about the level of participation of the cabin crew." These are not actually required to prevent the direction of their intentions.

In 2007, a similar strike – triggered by the same six unions to the same period of All Saints – had caused major disruptions.

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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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.

The U.S. stock markets remained open on Monday, public holiday in the United States (Columbus Day, which commemorates the discovery of America by Christopher Columbus).Only the bond markets were closed.

The willingness of the Franco-German recapitalize banks and out of the spiral of debt crisis, however, as in Europe, supported investor sentiment. Tonight, President américainBarack Obama supported "the strategy of Nicolas Sarkozy and Angela Merkel. The latter, meeting in Berlin on Sunday pledged to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit in Cannes, 3 and 4 November. Proposals must be made but no details were supplied. "You will see the end of an entire fully functional," promised the Chancellor. The fate of Greece is suspended from his verdict of the Troika, reminded the two leaders.

About the difficulties the European banking sector, the two leaders said they were "determined to do whatever it takes to ensure the recapitalization of our banks." The French president also assured that the agreement between the two countries on how and where the process was considered "complete", denying the reports of differences over the use of EFSF to provide the necessary funds. Again, the "details" will be specified later, they promised, while the EU summit scheduled for October 17 and 18 was postponed to October 23 to allow more time for officers to prepare a response "global" .

Note also in Europe, the Board of Directors of Dexia has validated the night from Sunday to Monday the takeover of its Belgian subsidiary by the Belgian government for a $ 4 billion.The Franco-Belgian bank, the first victim of the debt crisis in the euro area, is found then dismantled and nationalized the Belgian branch.

Opening of the ball results

United States, the season of quarterly results of large companies to begin this week. As usual, the aluminum giant Alcoa will kick off these publications. Follow in particular, PepsiCo Wednesday, Thursday, JPMorgan Chase and internet group Google and finally, Friday, Mattel. Analysts bet on an average increase of 13% earnings per share for the third quarter. "The forecast for the quarter just ended are very conservative.So there's a good chance that companies do at least as well as the consensus ", say experts Cantor Fitzgerald.

On the macroeconomic front there was no major indicator on the agenda of U.S. investors on Monday. In the coming days, they expect including the minutes of the last meeting of the Federal Reserve (Tuesday) and retail sales (Friday). Specialists Aurel BGC, household spending should be slightly more dynamic in September. The slowdown in inflation for the effect should have increased the purchasing power of households.The latest U.S. statistics have also been rather better than expected, which has banished the specter of a return to recession in the United States and contributed to the rebound on Wall Street last week.

New clean cuts at Goldman Sachs

The side of values, the bank received the good news on the progress in Europe: KBW Bank Index jumped 5.31%. JPMorgan Chase gained 5.21% to 32.30 dollars and Bank of America 6.44% to 6.27 dollars.

The Sunday Telegraph, the investment bank Goldman Sachs (3.71% to 96.13 dollars) could make additional cuts.

Apple (5.14% to 388.81 dollars) announced that it has registered one million pre-orders for its iPhone 4S in one day

Netflix (-4.83% to 111.55 dollars) has given up its business organization DVD rental website in a new and renamed Qwikster said Monday that the industry would remain on the same site as that of video streaming services.

Sara Lee (1.58% to 16.71 dollars) announced Monday it will sell its bakery brands in Portugal and Spain as well as seven production sites in Mexico Grupo Bimbo to 115 million euros in cash

For its part, the world's number one supermarket chain Wal-Mart (2.07% to 54.81 dollars) announced that 12 brands of the brand were closed in Chongqing in China for 15 days, following a fraudulent labeling .

At the same rumors about Yahoo! (2.39% to 15.84 dollars) to continue. After the assumption of a takeover by Microsoft or by the Chinese partner of Motor internet, according to Reuters Jerry Yang, co-founder of the company could partner with a private equity investment to buy the company.

By choosing an annual subscriptions range from 29.90 euros to 99 euros, we can no longer ignore a stamp of Mauritius, "a penny vermilion," only two copies known to the world, worth 1.6 million euros (due to an error in color) or stamps printed in France before 1900 are still popular: "1 f.vermilion "to 90,000 euros is a safe bet.

"The rarity value is"

This world premiere is an unexpected encounter between two worlds less distant than it seems. "Before the Internet and television, the tone was a real openness to the world, says Christopher Yvert, CEO of Yvert & Tellier. After dinner, we found a family to sort, dream, learn. "Through the Internet, Yvert & Tellier, who will not abandon its print editions, intends to develop in distant countries. A growth driver for the SMEs to forty employees (8 million euros of turnover) which has invested about 100 000 euros in the operation instant credit report. "Simply subscribe to view, says Christophe Yvert. This is an advantage for philatelists distant Asia or South America and North. "

Surprise, even today, despite the Internet, 15,000 collectible stamps are published each year worldwide. "The more a country is small, unless the mail is working, and he is tempted to print, says the heir to a dynasty of six generations. For these states, the stamp is a promotional tool and a source of income. "France and its two million collectors is no exception: in 2010, the French post office has printed 220 new. It passed 600 million stamps (Miscellaneous) collection of a total of 3 billion stamps sold annually.

But do not expect to make a fortune with recent issues. "Scarcity is the value, says Christophe Yvert. The advantage of the Internet, but also to create a network of friends in the world, seeking to complete the same series you. "Note that a limited edition of requested specialized services of La Poste to share the birth of a child is not synonymous with wealth, because it will not be sought after by collectors.

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.

The chosen solution is identical to that adopted by 1 July, when prices for individuals were frozen and prices for businesses increased by 3.2%.

GDF Suez angry

This is not to the liking of GDF Suez, which called for an increase of almost 5%. The gas giant said it would "seize the courts to protect its interests."According to the company, the shortfall of the government's decision is "290 million" in its accounts the second half.

"GDF Suez can only regret the decision of the French Government on regulated tariffs for natural gas because it is not in line with public service contract signed between the state and the company or the laws and regulations concerning the evolution prices of natural gas', denounced the group in a statement."GDF Suez will request that the coverage of costs paid by the group from the suppliers of gas costs have increased recently in the wake of the upward trend of oil prices on which the natural gas price is indexed" he argues.

The competitors of GDF Suez, grouped in the National Association of energy retail operators (anode), had also filed an appeal with the State Council on August 26 to contest the freezing of gas tariffs for households decided government.

But he had promised that there would be no increase until the presidential election. He also asked the Commission for Energy Regulation (CRE) to find a new formula more favorable price to consumers, after a 20% surge in prices.This should be remitted to government in the coming days.

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Demonstrators protest hearing to December against what they denounced as the culture of "money", "greed" and "corruption" of Wall Street and asking Barack Obama to establish a commission putting "an end to influence of Wall Street on politics in Washington. "

Saturday, those with transforming the world capital of finance in place Tahrir U.S. were only slightly more than a thousand.Sunday, they were more than half and Monday, hundreds of "outraged", especially young people, continued to protest under heavy police surveillance. Some, including the long-term unemployed, a new phenomenon in the United States-had even slept the night on benches. We are far from the ambition of the movement: "20,000 people together, invade all of southern Manhattan, set up tents, mobile kitchens, barricades and hold peaceful Wall Street for months," and claims are at least different – from Tax the rich (heard by Barack Obama) to better education and greater respect for the environment through support for Palestine.

Social unrest

But the move reflects a real social unrest in a country where social inequality exacerbated by the crisis are becoming more glaring as Washington is incapable of falling unemployment rate below 9%. Ironically, New York is not Cairo and it is unclear how the movement could grow against the police operation from the authorities. The New York Mayor Michael Bloomberg, known for his patience limited to public expressions of discontent, summarized its limits: "If they want to protest, they have the right, we will be happy to allow them to do so in specific locations (…) they can demonstrate provided they do respect the rights of those who do not show. "

Monday for the third consecutive day, the police strictly controlled the entrance to Wall Street financiers on presentation of their business card, to the delight of some employees of companies like Deutsche Bank and Bank of New York. During the weekend, police had cleverly divided the pedestrian crossings on Wall Street so that demonstrators can never enter. All banks are not installed on Wall Street. JP Morgan, Morgan Stanley, Citigroup and Bank of America, which announced the dismissal of 30,000 people in the coming years, have their headquarters earlier in Manhattan. In New York, the police presence was strengthened this week due to the expected arrival of heads of state from more than 120 countries, including that of Barack Obama on Monday.

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