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		<title>Dassault Aviation invests the promising Chinese market</title>
		<link>http://amarnathindustries.com/dassault-aviation-invests-the-promising-chinese-market/</link>
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		<pubDate>Mon, 14 May 2012 10:48:04 +0000</pubDate>
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		<description><![CDATA[ 
 China is becoming the new frontier of Dassault Aviation (whose largest shareholder is the owner of Figaro). &#34;We set up in China where we are creating a subsidiary. By the end of 2012, will employ 25 people, &#34;said Sunday Edelstenne, CEO of the French aircraft manufacturer, on the eve of the opening of the [...]]]></description>
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<p> China is becoming the new frontier of Dassault Aviation (whose largest shareholder is the owner of Figaro). &quot;We set up in China where we are creating a subsidiary. By the end of 2012, will employ 25 people, &quot;said Sunday Edelstenne, CEO of the French aircraft manufacturer, on the eve of the opening of the Fair Business Aviation (Ebace), which is held in Geneva until May 16 </p>
<p> After opening sales offices in Shanghai and maintenance and Hong Kong two years ago in partnership with Jet Aviation and Hawker Pacific, the manufacturer of Falcon jets dope his device to enjoy a hot market. Given the regulatory constraints in China, &quot;to establish long term, we need a subsidiary,&quot; insisted John Rosanvallon, President and CEO of Dassault Falcon. Headquartered in Beijing, will be operational this summer. </p>
<p> China has recently become one of the first customers of Dassault. The group plans to deliver 12 Falcon this year (out of 65 in the world) against 8 in 2011. Last year, half of its orders, or 18 devices, were placed with Chinese customers. This market looks like a pyramid upside down. Customers were immediately turned toward the high end. Dassault has already taken 20 orders of 7X, his flagship, which cost around $ 50 million. </p>
<p> But the market matures. &quot;The number of new customers for our various models in the 2000S 7X is very promising,&quot; confirmed Edelstenne. The customer profile is changing China. The primary motivation for buying a jet status has long been a way to show his power and care networks. This is still true. &quot;But the Chinese bosses are increasingly using their planes more for really professional, to save time, improve productivity, said Jean-Michel Jacob, CEO of Dassault Falcon-China. And the fact that Chinese companies increasingly go abroad reinforces this need, this awareness <a href="http://pay-day-loan-s.com">low fee pay day loans</a><!-- . -->. &quot;</p>
<p> Lack of airway
<p> In three years, the business aircraft market has exploded in China. In 2011, &quot;the country became the first market for all manufacturers in terms of sales,&quot; says Jean-Noel Robert, who chairs the Asian Business Aviation Association. China would be &quot;third world market, and this share is expected to increase.&quot; The scope for growth is huge. Where there are 15,000 private jets in North America, there are fewer than 500 in Asia. </p>
<p> On the Hong Kong airport, the business aviation fleet is already the second and should become the first, before that of Cathay Pacific. &quot;Asia, particularly China, is our main export market,&quot; noted Larry Flin recently, President Gulstream, recalling that its fleet, including Hong Kong, had jumped from zero in 2000 to over 80 aircraft today. For its part, Dassault Aviation now holds 30% market share in China, which should account for 20% of its production in the coming years. According to Canada&#39;s Bombardier, more than 2,300 business jets will be delivered in China by 2030, for a fleet of 150 aircraft today. </p>
<p> As part of its 12th five year plan, adopted last year, China has included among its objectives the development of business aviation. However, there is still the brakes, such as lack of airways, with a sky very locked and controlled by the military. But the problem is mainly lack of infrastructure and skilled staff. There are only 150 civil airports in China, 1500 against the United States. The number of airports will increase by 27% in China by 2010. </p>
<p> ALSO READ: </p>
<p> &quot;China, the future of boating paradise </p>
<p> &quot;Foreign manufacturers are boosting their investments </p>
<p> &quot;Renault is preparing to set in China </p>
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		<title>Wall Street sign its worst week since the beginning of the year</title>
		<link>http://amarnathindustries.com/wall-street-sign-its-worst-week-since-the-beginning-of-the-year/</link>
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		<pubDate>Sun, 06 May 2012 03:24:02 +0000</pubDate>
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			<content:encoded><![CDATA[<p>Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille </p>
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		<title>Alain Afflelou: two candidates for the redemption fund</title>
		<link>http://amarnathindustries.com/alain-afflelou-two-candidates-for-the-redemption-fund/</link>
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		<pubDate>Sat, 28 Apr 2012 21:08:04 +0000</pubDate>
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		<description><![CDATA[ 
 The auction winner will take over the shares of Bridgepoint funds (57% stake) and Apax (20%). Alain Afflelou he has planned to stay in the capital. It could even slightly increase its stake, now 22%. &#34;This component has not yet been decided, it will depend on the nature of offers and future discussions with [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> The auction winner will take over the shares of Bridgepoint funds (57% stake) and Apax (20%). Alain Afflelou he has planned to stay in the capital. It could even slightly increase its stake, now 22%. &quot;This component has not yet been decided, it will depend on the nature of offers and future discussions with the fund that will prevail,&quot; says a close case. </p>
<p> The group, which produced last year a turnover of 785 million with 1,083 franchised stores, is valued around 800 million euros by connoisseurs of the file. To finance the purchase of three quarters of the capital, the next owner will have to fund raise around 300 million euros of debt. A challenge in the current, extremely volatile. The transfer operation, organized by the Banque Rothschild, commissioned last year, has proved complex enough to induce sellers to be cautious. &quot;Bids are expected soon, said Didier Pascual, Chief Executive Alain Afflelou. But nothing is decided yet. The hypothesis of the IPO will remain open. &quot;</p>
<p> A founder ubiquitous
<p> The way back on the stock exchange, which would switch to vendors, if possible in the fall, when tenders found attractive can, was long regarded as the preferred option of management group, and especially its founder <a href="http://sublimebusinesscards.com">business</p>
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		<title>Occupation: sectors are struggling to recruit</title>
		<link>http://amarnathindustries.com/occupation-sectors-are-struggling-to-recruit/</link>
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		<pubDate>Sun, 22 Apr 2012 09:28:05 +0000</pubDate>
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		<description><![CDATA[ 
 A textile company, for lack of sewers it needs for its plant in Quimper, creates a pathway of learning to train its future recruits? The SME Armor Lux, well known for its white wine, made the headlines this week, at a time when all candidates for president are the re-industrialization of the country one [...]]]></description>
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<p> A textile company, for lack of sewers it needs for its plant in Quimper, creates a pathway of learning to train its future recruits? The SME Armor Lux, well known for its white wine, made the headlines this week, at a time when all candidates for president are the re-industrialization of the country one of their campaign themes. </p>
<p> This situation is not isolated and number of industrial jobs &#8211; welders, boilermakers, milling &#8230; &#8211; are pulling their hair to find candidates and encourage vocations. &quot;There is a real paradox between a high level of unemployment in France and companies who are not candidates for positions in recruitment, whether welders, millers, coppersmiths, payroll technicians, seamstresses &#8230;. In total we estimate that roughly fifty so-called shortage occupations. In our business we miss about 30% of requests from our customers because we do not have the resources and this situation has been deteriorating for a decade, notes François Beharel, group president of Randstad and staffing agencies. Concretely, this means that our group could generate 30% of turnover and more. &quot; </p>
<p> For him, the problem is essentially related to the collective image What these professions in public opinion. &quot;We imagine that in the textile industry and is like 50 years ago, while the environment has changed, that wages were revised upwards and that career paths are possible.&quot; &quot;We have to get into people&#39;s heads, and young people in particular, that the industry is clean and not necessarily noisy. In this regard, the construction was successful for several years to reverse its bad image, &quot;says Anne-Marie Bjornson, Director of Transitions AFPA. </p>
<p> Develop learning
<p> A UIMM, Joel Mendez, Director Employment and Training, said that one communicates primarily on job losses. Yet in all sectors of metallurgy, the recruitment needs estimated over the period 2007-2015 are always evaluated. Between 60,000 and 80,000 jobs per year, including 30 to 40% reserved for graduates, according to a study by the study-which will be updated in early 2012 over a 2013 to 2020 -. &quot;There is a big educational effort and support to achieve with the companies to become more involved in processes of looking management of jobs and skills (GPEC) and assessing their future needs&quot; says he. </p>
<p> According to Anne-Marie Bjornson Afpa transitions, there are ways to mount training particularly in the context of operational readiness to employment (job center) or as part of training contracts. &quot;We are also working on the issue of transferable skills, which allow for example to a textile worker to work in the weld or a working precision to go in the car.&quot; But anticipating needs is a prerequisite and essential step, she insists. </p>
<p> For Joel Mendez, it is also essential to adapt the training devices to the needs, both in initial training in continuing education. And take the example of learning where the numbers in the branch of metallurgy grew 6% in 2011 (with a total of 26 000 apprentices). &quot;At the last school year, nearly a thousand offers of learning could not be met and at the same time, the same volume of young people did not find any company. This shows that learning can be further developed and the various mechanisms put in place recently should help solve these problems. &quot;</p>
<p> A situation that in any case, Francis led Beharel hammering: &quot;stop sending generations of young people in jobs without opportunities. Spend money to know that jobs are to be filled with real careers, especially if the areas are not attractive. &quot; </p>
<p> ALSO READ: </p>
<p> &quot;Call centers still need to recruit </p>
<p> &quot;Training for the unemployed&quot; is far from efficient &quot;</p>
<p> &quot;Strong growth in hiring in March </p>
<p> &quot;These unusual crafts that make you dream &#8230; or not </p>
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		<title>Poker legend behind the French trader in London</title>
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		<pubDate>Fri, 13 Apr 2012 04:28:04 +0000</pubDate>
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		<description><![CDATA[ 
 Cemented over the Internet and social networks, legends are built today at full speed. Especially in the &#34;global village&#34; of finance. Demonstrated experience in recent days by crossing Iksil Bruno, senior trader but anonymous until last Friday the bank JP Morgan in London. 
 The man remains discreet, understandably. Within days, he became the [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> Cemented over the Internet and social networks, legends are built today at full speed. Especially in the &quot;global village&quot; of finance. Demonstrated experience in recent days by crossing Iksil Bruno, senior trader but anonymous until last Friday the bank JP Morgan in London. </p>
<p> The man remains discreet, understandably. Within days, he became the &quot;whale of London&quot;, or &quot;the Thames&quot;, or &quot;white&quot; &#8211; we do not know too much &#8211; or Voldemort, the terrible witch of the Harry Potter &#8230; The number of nicknames given to it becomes suspect. The story is told that then took a dramatic turn when it was revealed that the banker in question was French, a fact which would be enough to make a &quot;trader crazy,&quot; Kerviel in a power nap. </p>
<p> This trader is part of the Chief Investment Office of JP Morgan in London. Mission: to cover the global credit risk of the bank. A bank, remember, which is one of the first in the world with some 2.3 trillion dollars in assets, including nearly 1 trillion of bank loans or bond companies. </p>
<p> Cover such a balance, that is to say smooth risk, entails putting a lot of money in the balance. And that&#39;s what the CIO of JP Morgan in London: its positions would reach $ 350 billion, according to the Wall Street Journal. A figure which should not be misunderstood. Within this volume, the positions that bet on the rise of a particular index are largely offset by positions that bet on a decline, leaving the final few tens of millions of dollars, still in danger Loss &#8230; or possibility of gain. </p>
<p> An aberration of market
<p> Why the activity of this team of JP Morgan is she suddenly appeared in full light? Bruno Iksil would take very large positions on a particular index, a derivative that replicates the behavior of CDS (credit default swaps) of some 121 companies <a href="http://unsecured-personal-loans-quick.com">short term personal loans</a><!-- . -->. Such large positions that its movements can only move the value of this product, regardless of the price of 121 CDSs that compose it. A market aberration which obviously was not without consequences on some hedge funds, put in losses by the orders of the influential CIO JP Morgan. It is in this context it seems that some seem to have wanted to settle accounts in the press intermediary. </p>
<p> Behind &quot;the matter of the whale in London,&quot; we therefore call one of those pretty poker games including financial traders have the secret. JP Morgan, who has not the reputation of being a bank-casino chooses to treat it with discretion. She is content to know that the activities of its London office are intended to cover its loan portfolio, and that the positions taken are knowingly. </p>
<p> The story may therefore be short-lived. Even if it raises real questions about the functioning of finance today. The first key of course the lack of market transparency of derivatives products, and in particular credit derivatives, whose gross volume reached tens of billions of dollars worldwide. The second, current, examines the nature of transactions. When these volumes are involved, is it still just hedging strategy or can we not think that JP Morgan also plays some of his capital? Soon, this question is no longer just theoretical: under Volcker rule that will apply to U.S. banks that collect deposits, such as JP Morgan, will no longer have the right to make the proprietary trading . </p>
<p> ALSO READ: </p>
<p> &quot;A French trader destabilizing credit markets </p>
<p> &quot;Raising shields against an American regulation </p>
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		<title>Spy employees: Ikea wants to improve its image</title>
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		<pubDate>Sat, 07 Apr 2012 07:28:04 +0000</pubDate>
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		<description><![CDATA[ 
 Ikea for 30 years would have dreamed, best advertising. But a month after the revelation of illegal policing practices of employees and customers by Chained Duck and Mediapart, the direction of Ikea France wants to show it has taken stock of the situation. Vanoverbeke Stefan, head of the French subsidiary of the Swedish furniture [...]]]></description>
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<p> Ikea for 30 years would have dreamed, best advertising. But a month after the revelation of illegal policing practices of employees and customers by Chained Duck and Mediapart, the direction of Ikea France wants to show it has taken stock of the situation. Vanoverbeke Stefan, head of the French subsidiary of the Swedish furniture giant yesterday presented its action plan and its working group to improve the image of the group being undermined by the discovery of internal mails mentioning the use of private detectives and the font file. Activities that led to Ikea France sidelined several top executives, including Jean-Louis Baillot, CEO of the subsidiary at the relevant time. &quot;An internal audit by an independent firm has established that there had been research practices of information not consistent with our values. This is unacceptable and I regret it, &quot;said Stefan Vanoverbeke. The current owner is careful however to discuss the future of the people involved to &quot;preserve the presumption of innocence&quot; and leave the floor of Versailles, seized by the CFDT union, do his job. &quot;It is up to judges to say what is illegal or not. We just want to cooperate, &quot;he said. </p>
<p> A pilot initiative
<p> And as proof of his goodwill, Ikea France, which has already seen its headquarters raided and visited by the CNIL (National Data Protection Authority) in its stores, plans to give the prosecution the findings of its internal audit. But it is mostly a working basis for a group of four managers responsible for &quot;strengthening the values ​​and ethical standards.&quot; &quot;It&#39;s not an excuse but it does not direct a company of 10,000 employees as a company that has only 500 <a href="http://payday-z.com">easy payday loans</a><!-- . -->. The findings of the survey showed us that our way of working no longer fit our size, &quot;explains Stefan Vanoverbeke. </p>
<p> Ikea already had a code of conduct but the group had been working to develop a global charter. Irregularities discovered in France gave a good boost to the initiative, even if the boss of Ikea France considers that there is &quot;no reason to believe that such practices occurred in other countries where group is established. &quot; No investigation has been carried out elsewhere. &quot;France will be a pilot,&quot; he says. Beginning in June, the working group should thus be able to make concrete proposals for reforming corporate governance, support managers and staff, recruitment of technical change but also monitor compliance with the group values . &quot;We developed this action plan because we want to act quickly to give answers to our employees, social partners and customers. But we hope that these answers are of quality, &quot;says the CEO that all employees of the group can now contact directly by e-mail. For clients, Stefan Vanoverbeke remains attentive to comments left on forums where he received &quot;varying degrees of concern.&quot; Not enough empty stores nor sinking sales, however. </p>
<p> ALSO READ: </p>
<p> &quot;Ikea: gifts info against the police? </p>
<p> &quot;The head of France raided Ikea </p>
<p> &quot;Ikea: Other stores monitored </p>
<p> &quot;Ikea between spying and harassment </p>
<p> &quot;Two former managers of Ikea called to cooperate in the investigation </p>
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		<title>The Chinese take control of the TV from Philips</title>
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		<pubDate>Tue, 03 Apr 2012 02:32:03 +0000</pubDate>
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		<description><![CDATA[ 
 This time it&#39;s done. Philips has withdrawn its television division. Finally. Because it took nearly a year to Franz Van Houten, CEO of Philips, to complete this operation. It is also the patron of the first strategic decision, arrived at the head of the Dutch company just last year. 
 Over the last two [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> This time it&#39;s done. Philips has withdrawn its television division. Finally. Because it took nearly a year to Franz Van Houten, CEO of Philips, to complete this operation. It is also the patron of the first strategic decision, arrived at the head of the Dutch company just last year. </p>
<p> Over the last two years, the division of Philips TVs has accumulated just over 500 billion euros of losses &#8211; including the costs of disengagement from Philips. Now, the new entity should be able to go on a sounder footing. &quot;Philips has made its teams, its innovations, expertise and POS &#8230; its competitiveness and mastery of the supply chain,&quot; says Marie-Veronique Cazeaux, CEO of TP Vision France. This distribution corresponds well to the state of the TV market. The traditional players are innovative, but no longer able to cope with Chinese manufacturers competitive. Not to mention the Korean Samsung and LG, which now occupy the top two spots on the podium. </p>
<p> Recurrent source of losses
<p> &quot;POS is a registered almost unknown in France <a href="http://payday-loans-e.com">electronic check payday advance</a><!-- . -->. Yet they are world number three, &quot;says Marie-Veronique Cazeaux. The group of Hong Kong, which is also a world leader for PC monitors, manufactures televisions under the brand AOC label and distributor. It will add TVs Vision Lab, exclusively sold under the Philips brand. </p>
<p> For Dutch, the operation should allow it to disengage from a recurring source of losses, while remaining present to the general public about the TV market. Market oh so iconic. &quot;We have an excellent brand image, says Marie-Veronique Cazeaux. Now we move into a replacement market. There are six or seven years, Philips held 25% market share and it is these customers who return to shop. &quot;</p>
<p> The question is whether the effect will be faithful enough to come back into favor as Philips. In 2011, he held less than 7-10% of the French market, against 25% for Samsung. </p>
<p> ALSO READ: </p>
<p> &quot;Philips, restructuring continues </p>
<p> &quot;Van Houten:&quot; A new life for Philips TV &quot;</p>
<p> &quot;The Asian giants relocate in Poland </p>
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		<title>&quot;The Voice&quot; keeps the pace</title>
		<link>http://amarnathindustries.com/the-voice-keeps-the-pace/</link>
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		<pubDate>Sun, 01 Apr 2012 10:00:05 +0000</pubDate>
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		<description><![CDATA[ 
 Nicolas Sarkozy made it from 7.6 million viewers have followed &#34;The Voice&#34;, this Saturday night on TF1? We know that the president is a fan of the show and he had not missed the first episode of &#34;battles&#34; Saturday, March 24. He still recalled Friday on Europe 1. 
 This is the first time [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> Nicolas Sarkozy made it from 7.6 million viewers have followed &quot;The Voice&quot;, this Saturday night on TF1? We know that the president is a fan of the show and he had not missed the first episode of &quot;battles&quot; Saturday, March 24. He still recalled Friday on Europe 1. </p>
<p> This is the first time the télécrochet TF1 falls below the 8 million viewers: 9.2 million for the program was launched on February 25 and March 3 8300000, 8600000 March 10 , 8,500,000 17 March and 8.1 million fans on March 24. </p>
<p> Johnny Hallyday May 5
<p> The hearings this Saturday do not have enough to worry TF1 insofar as the market shares remain very high, reaching 35% in four years and more, and 49% on housewives under fifty years <a href="http://payday-advance-i.com">cash till payday advance</a><!-- . -->. Especially, &quot;The Voice&quot; ahead widely all competing channels: with &quot;The Glades&quot;, M6 ranks second with 2.9 million viewers. </p>
<p> Some events and the participation of stars should allow TF1 to maintain the public interest until May 12, probable date of the final. Johnny Hallyday and is it expected in the next issue on May 5. </p>
<p> ALSO READ: </p>
<p> &quot;VIDEO -&quot; The Voice &quot;on TF1, the&quot; talent show 2.0 &quot;</p>
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		<title>&quot;Telerama&quot;: attracting new readers</title>
		<link>http://amarnathindustries.com/telerama-attracting-new-readers/</link>
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		<pubDate>Tue, 27 Mar 2012 07:44:15 +0000</pubDate>
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		<description><![CDATA[ 
 &#34;Telerama&#34; is offered on Wednesday, a fundamental review of its editorial formula. This evolution of the weekly television, accompanied by a new model, is &#34;a response by Telerama change consumption and cultural practices to win new readers and continue to attract current,&#34; says its director writing, Fabienne Pascaud. 
 With its position closer to [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> &quot;Telerama&quot; is offered on Wednesday, a fundamental review of its editorial formula. This evolution of the weekly television, accompanied by a new model, is &quot;a response by Telerama change consumption and cultural practices to win new readers and continue to attract current,&quot; says its director writing, Fabienne Pascaud. </p>
<p> With its position closer to a &quot;cultural news&quot;, Telerama has suffered less last year than the heavyweights of television news. France paid its circulation reached 622,161 copies in 2011, down 1.59%, while all of this family of magazines dropped 3.3%, according to OJD. </p>
<p> The ambition of the new formula of the title, including the selling price increased from 2.30 to 2.50 euros in late February, is to &quot;reclaim the newsstand sales of around 75,000 copies today. The kiosk is synonymous with vitality, &quot;says Fabienne Pascaud. In this perspective, the title also wants to seduce new readers, &quot;young adults, 30 to 40 years.&quot; The average age of readers &quot;is currently at 49 years.&quot; At constant paging (137 pages of writing), the new formula Telerama advocates &quot;openness&quot; <a href="http://free-credit-reports-repair.com">totally free credit score</a><!-- . -->. </p>
<p> &quot;To better understand the society we live heckled, through its creators, its intellectuals, its researchers, it is essential to increase the angles of approach, open to also radiate to other types writing, &quot;says its director in the editorial to be published Wednesday. With a model which &quot;gives more room for elegance,&quot; redesigned internally by the Artistic Director Loran Stosskopf the nouveauTélérama offers shorter film critics, a &quot;photo editorial&quot;, new sections on concerts, video games or catch up on TV. However, the little figure Ulysses, smiling or grimacing as film review, remains under a new face. </p>
<p> The offensive of the weekly, owned by &quot;Le Monde&quot;, is accompanied by a revival of its website, with &quot;greater visibility of services and content&quot; and creating a premium area, TéléramaPlus, for to subscribers. Last year, Telerama has achieved a turnover of 77 million euros. 25% of revenues come from advertising. </p>
<p> ALSO READ: </p>
<p> &quot;The French press has spread its falling </p>
<p> &quot;Le Figaro, the best-selling national daily </p>
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		<title>Brussels ahead to the &quot;Buy European Act &#039;</title>
		<link>http://amarnathindustries.com/brussels-ahead-to-the-buy-european-act/</link>
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		<pubDate>Thu, 22 Mar 2012 15:24:09 +0000</pubDate>
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		<description><![CDATA[ 
 This is not the strong political message expected by Paris, but Europe has decided to speak up to protect themselves from competitors judged disloyal. Under control of the Commission, certain public may soon be prohibited suppliers from countries that close themselves the door to EU exporters. 
 This &#34;reciprocity&#34; commercial, written in a bill [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> This is not the strong political message expected by Paris, but Europe has decided to speak up to protect themselves from competitors judged disloyal. Under control of the Commission, certain public may soon be prohibited suppliers from countries that close themselves the door to EU exporters. </p>
<p> This &quot;reciprocity&quot; commercial, written in a bill introduced Wednesday, is officially open to third markets rather than to protect the old continent. &quot;Europe is an open market, and we do not see why others would not like us. It is therefore encouraging, &quot;said EU Trade Commissioner, Karel De Gucht. </p>
<p> The compromise, snatched after eighteen months, is far from &#39;Buy European Act &quot;recently proposed by Nicolas Sarkozy, even in small-step approach
<p>. &quot;Protectionism&quot;
<p> The bill is based on two mechanisms. One, almost consensual, will allow Brussels to close the procurement of Member States to a third country guilty of repeated discrimination against European companies. Beijing, which closed its borders to any technology that has not previously &quot;registered&quot;, is like a number one target. </p>
<p> This is the second mechanism that clashed European capitals, notably France, the Netherlands and Britain. It would enable a single Contracting Party in the EU &#8211; a municipality, for example &#8211; to get the Commission to prohibit a tender to foreign competition under the pretext of non-reciprocity, if the procurement covered exceeds 5 million euros. </p>
<p> To impose this device, which struck the most liberal of the Commission, Michel Barnier had to defend himself publicly accused of &quot;protectionism&quot;. With a strong argument in a recession: Brussels amounts to 12 billion euros a lack of European companies to export because of obstacles put in third countries. Furthermore, public procurement represents about 20% of GDP in the EU, and they escape to international competition rules, set by the WTO. </p>
<p> ALSO READ: </p>
<p> &quot;An ultimatum to strengthen European economic patriotism </p>
<p> &quot;INSIGHT &#8211; The crisis has awakened protectionist temptations </p>
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