International & World Report

Useful but expensive. INSEE publishes Friday the first study measuring the effects of tax incentives implemented since the early 1990s to develop home care services (child care, home help for the elderly, housework …). "With an estimated cost of three billion euros in 2010, the tax system is more than half of public spending for the sector," notes and the statistical institute.

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 French continue to create companies. "We should reach 500,000 this year, including 300,000 creations autoentrepreneur. This reflects a certain optimism about tough economic times, "says Alain Belais, Executive Director of the Agency for start-ups (PACE). According to INSEE, 364,891 new businesses were created between January and late August. Creation of two is a autoentreprise. In Paris, 22,053 new companies were registered.

New entrepreneurs are both men and women in their fifties forced to find new life as young people tempted by the low wage labor. According to a poll Ifop for CCI Undertake 52% of those under age 25 are eager to start their company. According to PACE, 78,000 under 30 years embarked on this adventure in 2008, including 30,000 under 25 years despite the difficulties.65% of those who do not start bank lending. More than one in two with less than 8000 euros. The change is dramatic since 2001, when France only records slightly more than 200,000 creations.

However, the figures for the first eight months of this year were down 10% over the same period last year. The balance will be down in 2011 compared to 2010 which was a historic year with 622,000 creations, thanks to the tremendous popularity of the regime of autoentrepreneur introduced on 1 January 2009. The autoentrepreneur accounted for 58% of new artists last year.

But the French are less likely to be tempted. The number of new autoentrepreneur slowed since the beginning of the year. "The slowdown is quite natural. This system has reached its cruising speed after exceptional growth.Autoentrepreneur those who remain and those who choose this diet have taken the measure of their commitments. They are here to stay, "says Alain Belais.

The French discovered the limitations of this status. It provides a second activity and to test an idea. There are limits annual sales: 81,500 euros in trade, 32,600 euros in services. Anxious to appease the artisans who denounce their unfair competition, the government imposed new obligations on autoentrepreneur.

Since 1 January 2011, they pay a certain sum for vocational training. They must report their sales even if they do not conduct business. Of the 738,351 autoentrepreneur reported, only 277,000 were active in the second quarter. They achieved a turnover of one billion.287,600 were active in the first quarter and achieved 963 million in sales. In 2010, 383,000 active autoentrepreneur reported a turnover of 3.2 billion. Is an annual average of 8310 euros per person. In 2009, 162,100 were made to have one billion in sales. Is 6294 euros per person. The success of the autoentrepreneur has not dampened the appetite of the French for the self-employed status. According to figures published by the end of September ACOSS, 621,000 people have chosen this status since 1 January 2009.

Finding the right financing

This enthusiasm for starting a business due to the numerous reforms for several years to simplify administration. Networks that accompany the new entrepreneurs to help them build a case or grow their businesses also play a key role.Chambers of commerce are very active. Initiate the network relies on the expertise of volunteer business leaders. France Active 6700 projects funded in 2010.

Their strength is to help designers to obtain bank financing they would have had a hard time get to know only because solid build file. The unemployed are not forgotten. Adie, who is the leader of microcredit in France, has launched a fund for unsecured loans for troubled youth. Lafarge, the Deposit, Laser and other finance it. But the French passion for business has its limits. Most creations are no employees. In 2010, this proportion reached 95%. And the companies that launched at least one employee had an average of three employees.It is true that running a very small business or microenterprises employing fewer than 10 employees making more than 2 million euros in turnover remains a risky venture for a simple reason: their leaders have difficulty finding bank financing .

Protect its heritage

Separate personal and professional is possible.

Artisans, merchants, professionals can take from 1 January the status of individual entrepreneur Limited (EIRL). This scheme allows the contractor to protect his family by separating his business assets known as "assets used" and their personal assets. Specifically, the entrepreneur chooses the new status does not lose his personal assets in bankruptcy. It does not take risks on the part of his property invested in the company.Despite the very favorable reception of professional organizations, starting the EIRL is slow. Only 3500 individual entrepreneurs had adopted July 31. The legal and tax developments that have been made should make it more attractive.

The supplementary budget in July 2011 provides tax neutrality. Individual entrepreneurs who choose EIRL are free to opt for taxation of corporate income tax. Those who choose this option do not pay payroll taxes on their actual earnings. For their part, banks have pledged not to limit the credit they give to people who choose EIRL status and do not require additional guarantees.

The NYSE has been won by a renewed optimism on Monday. After opening up, in a market reassured by the pledges of trust made by Germany and France in connection with the recapitalization of banks in the euro area, Wall Street has accelerated the pace in mid-session. The Dow ends up sharply from 2.97% to 11,433.18 points and the Nasdaq 3.5% to 2566.05 points. The New York Stock Exchange finished down Friday evening after lowering the rating agency Fitch notes from Spain and Italy.

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.

Essilor International is innovative. According to the global glasses, "75% of wearers expect an anti-fog solution." To meet this demand, the group decided to create anti-fog lenses under the name of Optifog. With this new product, Essilor International is "1.2 billion consumers worldwide."

Results aside, the mood is set fair. The group recorded the first half revenues up 6.9% to 2.1 billion euros and net profit up 30.7% to 258.2 million euros. These results confirm the group to maintain its growth objectives "between 6% and 8%" (excluding currency and acquisitions, strategic) for this year.

Side perspectives, Essilor says it "will continue to rely on innovation, operational efficiency and financial capacity to consolidate its position in the high end."The group also intends to "continue its conquest in the mid-range and benefit from the rapid expansion of high-growth countries."

It will double or quits. Europe 1 was full of novelties for the start. This is to embody the renewal of the station of Lagardère Active, after a 2010-2011 season in any turbulence, which ended at the lowest in the polls, to 8.7% of total audience of the months of April-June

Europe had a well done one after two strategic hires at the end of last season, announcing the arrival of Bruce Toussaint morning to resume the abandoned during the year by Marc-Olivier Fogiel and signing Nikos Aliagas, starting from NRJ, for a chronic morning. The arrival of two icons a cathode showed indirectly that Europe retains its attractiveness to the small screen heavyweights.

In parallel, the station has increased the presence of familiar voices to its listeners.Michel Drucker is back with a daily late morning; Laurent Ruquier integrates the morning in addition to his appointment to 2:30 in the afternoon, Frank plunges Ferrand "At the heart of history" every day for one hour with a program which also promises future success of downloads podcasts, Michael Field found its followers in the evening. Finally, William Cahour, who led the morning safely after the defection of Marc-Olivier Fogiel, anime slice of information between noon and 13 hours.

A "media habit"

But these new appointments – even when they are carried by figures very "Europe 1", also include the risk of destabilizing a little more the station paydayloans. Indeed, radio is considered a "media habit", which does not change even from generation to generation. However, Europe 1 has already undergone several major revisions over the years.Upon arrival in the summer of 2008, Alexandre Bompard had thus hastened to abandon the format "info-talk", previously proposed by Jean-Pierre Elkabbach, to reposition it as a strong generalist radio sport and entertainment. Despite a slight revival of the hearings, he had to change his mind in the following season and slow down on the supply of sport. Last season, finally, was heckled by the departure of Alexandre Bompard in November, that of Nicolas-Demorand just happened to animate the early evening, in January and that of Marc-Olivier Fogiel early February.

For the new boss of the house, Denis Olivennes, it is both a balancing act and a distance race ahead.

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Baroin the stage. He keeps repeating the last few days: it will require further cuts in the tax loopholes in 2012. For now, the government planned to cut $ 3 billion. "It is very likely that we will go beyond, as part of the Finance Act," warns the Minister of Economy. Otherwise, the objective of reducing the public deficit (4.6% of GDP in 2012, 3% in 2013) will not be met. The IMF says the same thing Wednesday, in the final version of his report on France, he warned that without additional effort, the deficit "would decline more slowly contemplated" and still reach 3.8% two years.

However, Prime Minister François Fillon reiterated last week even as the French would not have to tighten their belts further.If the IMF is seeking new revenue – or additional savings – is that it considers the government's growth projections too optimistic. He did not table more than 1.9% next year (after 2.1% this year), where the government is preparing its 2012 budget on an assumption of 2.25% (after 2%).

The cost of Greece and Libya

But that's not really what worries Bercy. Growth at 2.25%? "The account will be," says without a doubt a top official of the Ministry of Economy.

However, Bercy identified several elements that could degrade the accounts. First, the second bailout of Greece faxless payday advance. While it will not weigh directly on the deficit of France, as François Fillon stressed. The private sector has agreed to cash a loss equivalent to 21% of the value of the loan granted to Athens.The slate for French banks would exceed 2 billion euros. "We will inevitably income tax on companies and less," admits the Ministry of Economy.

Then "there will be a time when we look at the balance of external operations," Do we loose the ministry. In other words, the commitment of the army in Libya and Afghanistan could be very expensive.

Finally, remember that at Bercy Taiwan frigates affair will cost 460 million euros to France. In early June, after ten years of a bitter legal battle, Thales has indeed been ordered to pay more than $ 800 million in Taiwan, for commissions on the sale of frigates in 1991. The State had brought its guarantee in the contract."Public finances must now endure the heavy consequences of the decision in 1991 to pay commissions, unlike the letter of the contract," Matignon had pointed to the announcement of the court decision. This cost was included in the supplementary budget at the beginning of July. It will, however, offset this expense.

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This is a first. Nearly 1000 makers and observers of the Internet will meet in Paris tomorrow and Wednesday to participate in e-G8 Forum. Sizing of the digital economy, as Mark Zuckerberg, the founder of social networking site Facebook and Eric Schmidt, Google's president, made the trip.

They rub shoulders patterns of media, such as Australian-American tycoon Rupert Murdoch, the chairman of the New York Times Arthur Sulzberger Jr. The conference will also host the rising stars of the Web as the creator of good plans Groupon Andrew Mason and Mikael Hed, Director General of Rovio, the publisher of mobile gaming success Angry Birds.The world of finance will ambassadors Niklas Zennstrom, CEO and cofounder of the fund Atomico Skype, and Sean Parker, Founders Fund partner today, Co-founder of Napster and Facebook, and bad boy of Web embodied by Justin Timberlake in The Social Network.

This casting will demonstrate the importance of the event. It was proposed by Nicolas Sarkozy, who chairs the G8 this year. For the first time, an Internet discussion has been put on the agenda of the G8, which meets on May 26 and 27 in Deauville. E-G8 Forum should provide a framework for exchanges between heads of state.These will be based on a paper presented at the next G8 e-Forum, which might detail a series of reflections and proposals on major issues of the Internet.

The conference program addresses broad issues as "The Internet and economic growth," which will discuss among others John Donahoe, eBay's CEO, Eric Schmidt, and Christine Lagarde, Minister of Finance. The debate "Internet and Society meet Andrew Mason, Sheryl Sandberg, Facebook's number 2, and Jimmy Wales, founder of the collaborative encyclopedia Wikipedia.To make proposals on these discussions, stakeholders were asked to come up with key ideas that they wished to submit to the representatives of the G8.

Private funding

Issues closer to the everyday concerns of internet entrepreneurs and internet will be discussed in workshops: financing for start-up, freedom of expression and privacy, mobile issues, information sharing and value, e-government … All these exchanges are broadcast live over the Internet, will be summarized by rapporteurs and provide the basis for a "message for Deauville."

The conference was organized in record time by Publicis, whose chief executive, Maurice Levy, was given the mandate in February.Advantage: via its subsidiary Publicis Live, the communications group organizes many events which already meet the tenors of the Web and media, such as the Monaco Media Forum, the Abu Dhabi Media Summit and Davos. These are the links forged during these meetings that enabled convincing, snatching, Mark Zuckerberg to participate in the forum. He has confirmed his arrival a few days before the opening of e-G8 Forum.

In return, Publicis has not been able to rely on public funding to mount the e-G8, whose budget is estimated at 3 million. The organizer has therefore appealed to private financing from a dozen sponsors, including Orange, Vivendi, eBay, Google, Capgemini, Iliad, Microsoft and Alcatel-Lucent.Four other finance a dinner tomorrow evening at the Louvre, in which 350 handpicked guests were invited.

The most important guests of the e-G8 forum:

• Rupert Murdoch – CEO of News Corporation

The media mogul had anticipated the rise of social networking by buying MySpace in 2005. It now relies on paid content online. "Aggregators and plagiarists will soon have to pay a price for our content. If we do not take advantage of the current movement towards paid content, the kleptomaniac triumph "

• Mark Zuckerberg – Founder and CEO of Facebook

At 27, the young prodigy of the Web is the 52nd World fortune, according to Forbes. More than 650 million Internet users have joined the social network he founded in 2004 at Harvard. "The social norm (of privacy, Ed) has simply evolved over time.People are really accustomed not only to share more information, different but also more openly and with more people "

• Jeff Bezos – Founder and CEO of Amazon. Com

It has revolutionized e-commerce by creating Amazon in 1994. He is now going to online media, from books to video. "The last nugget of gold rush has disappeared. With innovation, there is no last nugget. Each update creates new questions and new opportunities "

• Jimmy Wales – Co-founder of Wikipedia

His collaborative encyclopedia celebrates its 10th anniversary this year. It has 18 million articles written and edited by Internet volunteers. "I think MySpace is doomed, I give them another two years … I think Facebook is the next Microsoft, for better or for worse.It is an incredible company that will do much good and bad things "

• Eric Schmidt – Google Chief Executive

DG Internet Group from 2001 to 2011, Eric Schmidt has handed over to Larry Page in April. He remains in charge of acquisitions, partnerships and institutional relationships. "Today your phone knows where you are, and to some extent where you go. Ultimately, your mobile does what he does best is to say, to remember everything and make proposals. You can be a better human and have a good time "

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This is an internal letter from the Director of Information Systems (ISD) that senior GDF Suez len heard the news earlier this week. In this internal email which Le Figaro has obtained a copy, Véronique Durand-Charlot announced with "deep regret" that "one ISD staff in Lyon, Éric.C, made a suicide attempt "May 14 last.

According to sources inside the company, the man would set himself on fire inside his car in a parking lot near his home. Third-degree burns, he is reportedly in a coma. "He is in hospital care Edouard Herriot and our doctor is on site since Monday morning," says mail sent by management. The latter adds a psychological support has been established on the sites of Lyon and Saint-Ouen."The regular news on the health of Eric will be provided" to his colleagues, says the letter.

"It is too early to know the reasons for his gesture," we said a spokesman for GDF Suez. "This aa place outside the workplace," he held to be redefined. According to the latter, however, the company has declared a work accident as a precaution in order to "enable the regional health insurance fund to take up the issue and facilitate the support of the family."

A few days after the fact, Eric's colleagues. C are safe for their part that this acting out is directly related to working conditions. This framework would have repeatedly sent emails remained unanswered to his superiors in which he referred to his illness, including the day of his suicide attempt. GDF Suez information that does not confirm."We do not know for letters," says the spokesperson of the group. "He suffered from this violent restructuring implemented since the merger of GDF and Suez (2008, Ed)," says the other hand one of his colleagues.

Reorganization

A plan to transform the ISD, is underway since May 2010. An internal company document, sent to employees by Jean Paul Amoros, deputy director of ISD, is particular to a program of reorganization of the industry over the period 2010-2012. It provides, among other things, aims to "reduce disparities unnecessary and costly for the group," "share know" and "improving the career management of the IF chain.The same document gives a clear picture at the end of 2010, "it remains to be completed sites induced désimbrication with EDF and GDF and Suez merger with which some service offerings still weigh on economic performance."

Specifically, this policy would involve processing the closure of some area sites, including that of Lyon where the employee worked to centralize them in the Paris region. Veronique Durand-Charlot, who oversees these changes, confirmed in a company magazine dated May 2010 the need "to optimize internal operations and to propose a new, more integrated, more effective."

More worrying for the employees, the documents indicate a possible spin-off of ISD services between 2012 and 2014 which could lead to outsourcing of the latter.

"Psychological discomfort"

"This is a management that ignores the human," says an executive of the company. Yves Ledoux, coordinator at GDF Suez CGT refers more generally "psychological discomfort" that prevails throughout the company since the merger of GDF and Suez in 2008. "The takeover of Suez induced mutations. The executives from the GDF have moved from an industrial culture to a financial literacy and there are a lot of difficulties, "said trade unionist. "GDF Suez has signed a national agreement on psycho-social risks but they are not declined in the company. It is a semblance of agreement. "Last March, the CFDT also complained about the "social cost" of higher profits posted by energy group in 2010, "social plans in France, pressure on employment in Hungary or Romania, power losses purchase of group employees. These are not measures of facade that will hide the lack of social ambition, "she railed.

On Thursday, GDF Suez sweeping accusations. "The psychological problems are among the main concerns of the group since the merger," said the spokesman. So far only one employee had committed suicide in 2009 but "had nothing to do with work." Since the merger of both companies, "there was no problem," concluded the spokesman.

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Union leaders had expected that the 1 May 2011 be a little raw, especially as "holiday character this time is less assertive, that day falls on a Sunday, is Marcel Grignard, number two of the CFDT.

"We do not have to be in the streets" to celebrate International Labour Day, said Sunday the first secretary of Lille Martine Aubry PS parades scattered about, saying that employees would demonstrate "in 2012 in vote. "Between 700 people, police said, and a thousand, according to organizers, marched on Sunday in Lille.

In Marseille, among 2000 people by 5000 according to police and organizers, marched through the rus, between 2200 and 3000 in Bordeaux between 1200 and 3000 in Strasbourg, only a few hundred at the start of the procession in Rennes.

It was also shown to Pau (800 to 1200), in Angoulême (500), Besancon (500 to 1000), Brest (250 to 300), Nancy (700 people according to the unions).

Winks comedy peppered some processions. "May 1st, we are the popes of the earth", alluding to the beatification of John Paul II.But also slogans in opposition to the FN, as in Rennes' French workers, immigrants, same bosses, same battles. "

A trade union unity crumbled

The protesters "are certainly fewer than we hoped," regretted Francois Chereque on Europe 1 (CFDT). Especially as the bargaining unit has somewhat disintegrated.

In Paris, Bernard Thibault (CGT) and Francois Chereque, in particular, will head behind the streamer head of the procession, which is just after 14:00 waver from Republic Square to join one of the nation.

The CFTC did not join the call unit but leaves the task to militants to carry out local initiatives, while the CFE-CGC stays away this May 1.

Workers Power is as usual alone.In Paris, however, that they were 300, according to AFP, to march through eastern Paris, the Bastille to the Place Gambetta, before going to bow to the wall of Federated.

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Saffron meeting on Thursday its shareholders in general meeting (AG). On his menu, a change in governance that aims to replace the board of supervisory and management by a board of directors, tighter and more deeply renewed. He spends 18 to 15 members. He is feminized with the arrival of Odile Desforges, Renault's Executive Vice President in charge of engineering and quality as well as Elizabeth Lulin, CEO of consulting firm Paradigms. Caroline Gregoire Sainte Marie, CEO, Frans Bonhomme (BTP), should be appointed as censor.The council also welcomes the Franco-American Jean-Lou Chameau, president of the California Institute of Technology Caltech, and the Italian Giovanni Bisignani, president of the International Association of Airlines (IATA).

Unless dramatic turn of events, the new council should appoint, in the wake of AG, Jean-Paul Herterman, current CEO and candidate for a second term, the group's CEO. And Francis Mer, current chairman of the supervisory board, the vice-chair of the board of directors. The state, which owns 30% of Safran and four posts, decided to renew its confidence in Jean-Paul Herteman who in four years, managed the merger of the engine manufacturer Snecma and Sagem Electronics.Announced in 2004, this operation was met with skepticism and triggered a trench warfare between the leaders of both companies.

Accelerating China

Considered a "transitional pope" by many, this discreet Polytechnique, Safran joined in 1984, has pacified the new group while carrying out the divestiture of non-strategic. In particular, he managed the sale of mobile phones and the conversion of the plant Ferns Breton, that supply the Army (Feline equipment).

Meanwhile, he developed a third business involving the defense and security, alongside the aircraft engines and rockets (Ariane) and aeronautical equipment. In security, a priority activity, the group has grown through acquisitions, the latest is that of the U.S. L1.Jean-Paul Herteman has also accelerated the development of the group internationally, including China, India or Mexico, while maintaining a high level of investment in France. Another success was the extension of its partnership with General Electric engines for aircraft type Airbus 320 or Boeing B 737 until 2040.

The president has reactivated a hedging policy to protect against the effects of Yo-Yo the dollar against the euro, which had been interrupted by his predecessor in 2006. While Safran is protected until 2014, "the evolution of the dollar remains a concern," says Jean-Paul Herteman.

Financially healthy, Safran is well positioned to face a period of heavy investment in research and development, a position that was already 1 billion euros in 2010. "Saffron is being renewed heart of its engines for medium-range routes.We need to introduce new technologies in five to ten years. The big challenge is how to halve the fuel consumption of aircraft engines. This, by 2020-2025, "he says. Saffron placed on the aircraft electrical, because little by little electricity is required to operate major equipment – brakes, landing gear …

Having failed to seize the French Zodiac, which could bring her expertise in these new technologies, Safran must go into overdrive. Hence the launch of the plan Amp several hundred million euros.

Another project for the future, the Chinese market. Saffron is awarded the contract to supply the engine that will power the C-919, the future rival of A 320 and B 737 built by the Chinese Comac.The group wants to accelerate China's boom and the helicopter market in the discretion of the gradual opening of the Chinese sky, still controlled by the military. "It identifies 600 helicopters in China against 10,000 in the United States. Saffron is destined to become a structural partner of the Chinese industry in helicopters, "says he.