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Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

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%. "This component has not yet been decided, it will depend on the nature of offers and future discussions with the fund that will prevail," says a close case.

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. "Bids are expected soon, said Didier Pascual, Chief Executive Alain Afflelou. But nothing is decided yet. The hypothesis of the IPO will remain open. "

A founder ubiquitous

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 business

Two billion euros. The Intermat 1350 exhibitors, which was held from April 16 to 21 in Villepinte near Paris, have not mégoté their investments as they exposed construction machinery and construction worth a total of 2 billion. "This very large sum shows business optimism this year," explains Maryvonne Lanoë, commissioner general of the show.

This event is the meeting point for all actors of the French markets, Southern Europe and North Africa. "The trend is quite good, says Philippe Haugenauer, Sales Director France of Japanese Komatsu. We have seen the show many people who have projects, although few orders were signed on the spot. "With a turnover of EUR 18 billion, the Japanese group is the second largest manufacturer of equipment BTP in the world.

Strong rebound of the market

Reinforces a sense that the latest figures released by manufacturers. "The aggregate producers, who are our customers, have a very good first quarter, so a little unexpected," says Michel Herr, CEO of France Sandvik, the Swedish group specializing in drills and milling machines. The reason: the great works decided by the government after the 2009 crisis. "We take advantage of highway construction and high-speed lines, including those linked to Tours and Bordeaux, Michel Herr says low interest personal loan. This allows us to benefit from a good order book for the second quarter. However, we lack visibility for the future. "

Despite its 15% growth in its European business in the first quarter, Saubot Alexander, general manager of Haulotte Group, Europe's leading manufacturer of aerial work platforms, believes that "this increase is lower than it should be given the fall market in Europe since 2009. " The activity is still far from the highest recorded in 2007 and 2008. Above all, Europe pales in terms of total growth over the period of Haulotte: 24%.

"The strong rebound in the global market for public works equipment recorded in 2010, to 17%, and 2011, 24%, is due in part because it had collapsed by 50% between 2008 and 2009" , said Maryvonne Lanoë. The activity remains well below the pre-crisis level.

"There are many projects, the problem is now often funding," says Philippe Haugenauer elsewhere. Dynamism that allows Buronfosse Renaud, chief representative of ICASA, the union representing the manufacturers of construction machinery, metallurgy and handling, be optimistic for the current year: "We envision an increase of business activity of the profession of 5 to 7% in 2012. "

A report to simplify life in rural areas and make them more attractive. "Currently there are 9000 400 000 laws and regulatory standards that apply interchangeably in rural areas or urban! It's too, should be appropriate standards, "Storm-A-Pierre Morel The Bailiff, MP for Lozere, at the head of a report co-authored with three other rural UMP parliamentarians, whose elected mayennais Yannick Favennec.

Rural areas, it is 80% of the territory, and nearly a quarter of the French population lives there. Water, urban planning, health, education, digital, public services, all sectors of everyday rural life have been scrutinized by the authors. They interviewed 4,000 people during their investigation.

Among the hundreds of measures recommended in this 280-page report commissioned by the President in October to calm the revolt of rural representatives of the UMP, after the defeat of a majority in the Senate, eight draw particular attention . "The first demand of rural residents is access to high speed, said Pierre Morel-A-The Bailiff. We must ensure, through the process of deploying high-speed Internet, a balance between dense and sparse areas across the country. "Meanwhile, the mission says it takes" expand the service to Wi-Fi in the contact points of the Post Office working closely with local authorities who find themselves in white areas. "

Medical deserts

Regarding the best water management, the mission recommends that for "every individual and group reservations hill with a capacity less than 50,000 m3, a simplified procedure is implemented." The water law codes apply where 7, discourages such projects. "But the real usefulness appears both in agriculture and the public authorities (fire reserves, protection …)."

To enhance access to care and fight against deserts medical, the authors recommend such "compulsory internship for interns in rural areas, enough times to encourage customers during retirement."

To strengthen the utility grid, "we must set up kiosks type video, with a scanner to facilitate all the steps with an official or government and 18 companies such as EDF, GDF, DDT or employment center."

It is also proposed to extend the network of bank ATMs in the territories under-equipped. To keep more rural schools, elected officials indicate that it would "account for children from 2 years and not three years." Urban planning, the authors recommend "provide prior notification of buildings less than 8 m2 5 m2 cons now." Still, the MP Pierre Morel-A-The Bailiff is confident that these measures are applied regardless of the next tenant of the Elysee. He worked with his colleague PS, Michel VERGNIER, the Rural Committee of the Association of Mayors of France.

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"Sarkozy wants to control spending communities

Since formalizing his candidacy on February 15, Nicolas Sarkozy deseeded dozens of proposals, with its compiled in a campaign document, as an accurate, encrypted, presented Thursday. According to his entourage, the president candidate could submit a new "strong measure" in the social field. Earlier this week, Nicolas Sarkozy has indicated that its entire program will ask for 115 billion euros to the French effort, spending about 75 billion, 40 billion on revenue.

Nicolas Sarkozy also has his "letter to the French," in which he exhibited his "values" and his "vision of France" by the year 2017. This document, published in several million copies, will be distributed "by activist," says his entourage. On the first page of the 36-page document, is a sentence written in manuscript by Nicolas Sarkozy: "My fellow Americans, there is nothing more beautiful than the love of his country." "My goal is clear: France to build a strong enough in the next five years (…), yes reconcile France and France's failure" to the European referendum in 2005, Nicolas Sarkozy said.

• Economy and Public Finance

"" All my proposals are built around one goal: the balance of public finances in 2016, "said Nicolas Sarkozy. He confirmed in his project a French public deficit has 0% of gross domestic product (GDP) in 2016 and a surplus of 0.5% in 2017. Incumbent President states in his proposed reduction of the French public debt to 80.2% in 2017 instead of 85.8% in 2011 with European commitments.

"To achieve the deficit targets, the tax burden will increase from 43.8% of GDP in 2011 to 45.6% in 2017 in France. Nicolas Sarkozy plans in its plan to cut public spending in France to 51.9% of GDP in 2017 instead of 55.9% in 2011.

"Nicolas Sarkozy has acknowledged that 115 billion effort is needed over five years. "I have to add the 9.5 billion campaign proposals," he added. This brings the total effort of 124 billion. Three quarters will focus on reducing expenses, the remainder of the revenue, insisted the president candidate, as he had already announced.

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France could seek to accelerate its transition energy. In fact, the country's fuel bill has reached a new record in 2011, up from 32% to 61.4 billion euros, according to figures from the Commissioner General for Sustainable Development announced by Les Echos. The energy bill of France and represented 3.1% of GDP, last year against 2.5% in 2010.

This increase was driven by soaring oil prices. The average price per barrel of oil a year has indeed established last year to $ 111, not seen since the nineteenth century. The price of unleaded gasoline and have reached new heights last week, to 1.6211 euro on average for a liter of unleaded 95 and 1.6610 for that of 98 unleaded, according to data released yesterday by Ministry of Sustainable Development. This price is still below the record high of 1.4541 euro per liter recorded in May 2008.

Since late 2011, gasoline prices beat record after record in France, propelled by the combination of geopolitical factors that keep crude oil prices at very high levels, and weakening of the euro against the dollar , which amplifies the cost of black gold once its converted value in the single currency.

Nuclear energy has however enabled France to reduce its energy dependence as the country has a net electricity exports by 2.6 billion euros. The development of renewable energy has also enabled France to reduce the weight of its energy dependence. Video BFM. Sorry, this video is not available on your device.

It is in the Christofle workshops in Saint-Denis, near Paris, where the Assizes are held the craft, the Secretary of State for Crafts and SMEs today unveiled a thirty measures. Frederic Lefebvre also presents the first dictionary of trades and crafts made by the Higher Institute of trades. While the economic slowdown weakens small companies, the government has sought to limit their cash flow problems. The State must pay the bills upon receipt of an amount less than 5000 euros. "I wrote to all the major French companies and representatives of local communities so that they apply the same rule," says Frédéric Lefebvre.

The artisans can compete more easily for the procurement of up to 15,000 euros, against 4,000 euros previously. "There are thousands of markets that they are going to get easier. We work to promote the hiring of apprentices as an element of choice for businesses in public procurement. Finally, I remain determined to convince the public purchasers to join our project of setting up a central website for the TPE easily know where to find listings of government procurement, "said Frederic Lefebvre.

Transmission and recovery companies will be encouraged. "We will develop regional branches of repayable advances of funds, with the chambers of trade and craft areas and support networks that help entrepreneurs such OSEO and Siagi, said Secretary of State . We will provide an opportunity for buyers to keep an artisan when staff have over 10 employees. Today, a cottage industry, when it is created, is to use up to 10 employees; in the future, a buyer may acquire a company employing 20 employees without it losing its status as an artisan. ".. …… Develop exports

A government portal, listing the aid that can benefit small-scale entrepreneurs, will be implemented. Artisans will participate in the commission of reducing paperwork, composed equally of government officials and business leaders, which will be implemented on March 19. "About 10 measures will reduce and simplify the calculation and payment of social contributions. For example, the Contractor may choose the monthly or quarterly surveys of its social security contributions. The lag between the time of its collection of revenues and the payment of social security contributions will be reduced, "says Frédéric Lefebvre.

The poles for Innovation of Crafts will be developed. "I hope that the craftsmen and designers collaborate more. I am setting up a double signature "made by" with the name of the craftsman and "designed by" with the name of designer, enabling artisans to defend their talent and authenticity in the global marketplace, "explains Frédéric Lefebvre . The cabinetmaker Rinck won a solid commercial success by working with Philippe Starck and other designers. Hundred thousand euros will be allocated to projects where a designer and craftsman have worked together.

To develop the exports made by artisans, which exceed 6 billion euros a year, Paris Airport opens the first half of a space dedicated to the craft at the airport of Roissy-Charles de Gaulle. Spaces of the art of French living will be opened in New York and Tokyo. "I hope that the great American fortunes, Asian, South American or Russian sponsor of French craftsmen labeled" business of living heritage and crafts. " Artisans will be able to win new business, "says Frédéric Lefebvre. This operation sponsorship will be launched in the first half in Moscow and Miami.

Conclusion of the Secretary of State, who does not forget the campaign: "Artisans are strong pillars of France defended the president. They embody the work, a key value that France remains the fifth largest economy. They create jobs, growth, and defend the identity of the territories. "

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This is an open secret, Greece will not reimburse at best a small part of his debts. In practice, three-way open to it. Either to agree with its private creditors who accept a "voluntary extinction" of their assets or negotiate a "partial default" in accordance with its European partners. Or, finally, walk out, like Argentina in 2001, called a "disorderly default."

On the merits, all three perspectives are not so different as they seem at first glance. Buenos Aires was finally concluded in 2005, a restructuring agreement with its creditors, who agreed to lose 65% of their assets. A huge sacrifice, but less than the "palm" of 73% currently proposed to the creditors of Athens, according to Jean Lemierre encryption, one of their main representatives in the discussions.

It comes out of the ambiguity that his injury

Moreover, the "voluntary" nature of the PSI, the Private Sector Involvement, where creditors agree to commit hara-kiri is a total hypocrisy. It's like "confessions during the Spanish Inquisition," recently remarked President of Commerzbank Martin Blessing. It expresses a widespread feeling among his colleagues and much more in the Greek pension funds. For them, three quarters of the savings are invested in securities of their state, the loss will be huge, whereas exposure to Greece is only 1% of GDP in the euro area for international investors (according the BIS figures).

But, as everyone knows, no one leaves ambiguity as its detriment. Breaking fiction would volunteer to accept a "partial default". However, as repeatedly stated since the summer of 2011 Jean-Claude Trichet and Mario Draghi, his successor as head of the ECB, the latter would be forced overnight to refuse the Greek securities pledged loans that it offers to banks Hellenic. It would be to bankrupt the entire banking system of Greece, with a further loss of 173 billion euros for the ECB, obliged to make a cross on the Greek paper it holds (retired or in outright purchases ).

As for the third option, a "disorderly failure", the international consequences would be far more dramatic than in the case of Argentina. The shock wave would destabilize the rest of Europe. The IIF, the bank lobby, estimated at 1,000 billion euros losses for banks because of their financial ramifications cross. They consider to be a Gordian knot impossible to untie except slicing. Which would amount to a bank crash cause at least as serious as the crisis following the collapse of Lehman Brothers in 2008.

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Personal loans and other revolving loans no longer seduce the French. In January, output fell by 7.4% compared to January 2011, according to the ASF (French Association of Financial Companies). Last year, after a strong first quarter (+9.3%), it had already begun a sharp decline: – 1.8% in the second quarter – the third and 3.7% – 4.5% in the fourth . "The French market fell to its 2000 level. Production in 2011 was 14% below the historic peak of 2007, "said Bruno Salmon, president of the ASF.

The revolving credit continues to decline

To explain this disaffection, professionals invoke the loss of consumer confidence in an economic anxiety, but also lower sales of new cars, and therefore the associated credits. The car loans decreased by 14.5% in January over the same month last year, and 7.8% over the last three months.

Also involved, the law Lagarde who oversaw the marketing of revolving credit, these "reserves" of money in which the borrower draws at will as and its needs.

This law compels such professionals to offer clients an alternative to the revolving loan in excess of 1000 euros. They must also include in each monthly payment a minimum repayment of capital. The loan term is shortened, and the amount becomes smaller. Revolving credit is transformed gradually into a cash credit for small amounts, for short periods, for small repetitive purchases.

The impact of the law Lagarde

"The law Lagarde has reduced from 12% to 15% of the openings of new revolving loans and a decrease of 20% of new uses of credit lines already open," said Francoise Guillabert Palle, general delegate of the ASF.

In total, the production of these loans fell by 6.1% in 2011. This is the fourth consecutive year of decline. They also represent more than 35% of consumer loans made by members of the ASF, against 40% in 2009.

In a recent study, the French Banking Federation (FBF) also emphasized the lower French interest in the consumer credit. Only 3.6% of respondents were planning to buy one within six months, against 4.1% a year earlier.

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