International News

In French tour operators, time is the early cancellations. Shortly after the attack that killed 16 people in the city center of Marrakech, Current Travel Agency in Paris has recorded its first withdrawal for a stay in Morocco. "Right now, we expect to learn further, perhaps to discourage strongly to reach customers," said Audrey Thuillard, an employee, who claims hold "until three or four trips per month "in this country. Ditto for the agency Solari, also based in the capital. "We have several departures scheduled soon, said her manager, Barbara Solari. Of course, we will notify our customers and there will probably withdraw.But for now, we do not close sales. "Without illusion, it considers that the fact that at least six French have died in the attack will" and against "the Kingdom of Morocco as a holiday destination .

However, if Morocco were to be shunned by tourists, the consequences could be disastrous for the economy. In fact, the sector weighs 10% of GDP and is the first post of foreign exchange earnings. Summarizing the situation, Kader Abderrahim, researcher and expert on North Africa at the Institute of International and Strategic Relations (IRIS), judge that by targeting the Jemaa el-Fna in Marrakech, tourist mecca of the city, the attack "hit the kingdom in his heart.""You can expect an ebb in the number of tourists after the bombing of the Hotel Asni in August 1994 and those in Casablanca in 2003 and 2007," he adds, noting that "the country has of years to recover. " In another context, too violent revolutions that Arab Kader Abderrahim adds that in Tunisia, "tourism has dropped by more than 50%" since the fall of President Ben Ali.

"Morocco does not have the resources of Algeria"

What seize the ambitions of the Moroccan government on tourism, which sees in this sector the main driver of growth in the years to come. Last November, he launched the "Plan 2011-2020" which aims to make this country of 32 million inhabitants "the twentieth tourist destination," as he swings around the time of the thirtieth position World Tourism Organization (UNWTO).A total of one million new jobs must be created in particular, with an annual revenue target of $ 13.15 billion, reports Les Echos. And for good reason, "Morocco is not Algeria," said Kader Abderrahim, referring to oil and gas resources of the neighbor. "Apart from a little phosphate, the country that has tourism."

Recognizing these issues, and knowing that the French weigh two million passengers over the 9.4 million that Morocco hosted last year, Alain Juppe believes that there is "no reason today to give up a trip to Morocco. " "In this region, in general, the terrorist threat is high and permanent," has justified the Foreign Minister, saying that "the Moroccan authorities are able to provide security in the country." Statements that leave no doubt the leaders of the Centre for the Study of tour operators (CETO) perplexed.Collecting 80% of tour operators of the Hexagon, the organization did not want Friday morning "not comment" on any cessation of travel to Morocco. Before you do the same ministry in the early afternoon, just noting that "all members" hold for the time their departures.

The Paris Bourse, which closed yesterday up 0.58%, is trying to take another step forward Wednesday. Halfway through, the CAC 40 advances from 0.49% to 4065.18 points. The good humor that has helped U.S. markets finish the day on Tuesday to their highest level in three years boosts the morale of investors. Asian stock exchanges have also sent a positive signal in spite of bad news in Japan, including the threat of degradation of the country's sovereign rating by rating agency Standard & Poor's.

The atmosphere was more mixed in the rest of Europe: Dax index featuring the Frankfurt Stock Exchange ahead of 0.59% to 7399.77 points, but the London Stock Exchange was down 0.16% to 6059, 67 points.

In anticipation of the Fed

At the Paris Bourse, the attention is focused on the battery of statistics expected from both sides of the Atlantic.In the euro area, new industrial orders rose less than expected in February by 0.9%. In one year, the figure is higher by 21.3%.

In France, unemployment figures will be announced after the stock market (18 hours). Moreover, the morale of French households remained stable in April compared to March. The indicator of French consumer confidence remains at 83 points, well below its long-term average set at 100 points, according to the National Institute of Statistics.

Britain has in turn reported a GDP growth of 0.5% in the first quarter (first official estimate).

United States, orders for durable goods and stocks of crude will fall in early afternoon. But it is mainly the outcome of the monetary policy committee meeting of the Central Bank (Fed) will be eagerly awaited.The Fed will announce its decision on interest rates and monetary policy should reaffirm its ultra-accommodative.

As for currencies, the euro rose against the dollar in a market without high volume, cautious monetary policy decision by the Fed. Around 11:00 am in Paris, the European currency was worth 1.4682 dollars against 1.4636 dollars on the previous evening.On oil markets, a barrel of light sweet crude for June delivery lost 19 cents to 112.02 dollars and that of Brent North Sea also June delivery yielded 22 cents to 123.93 dollars.

Values ​​to follow

Nexans: + 0.90% to 73.76 euros

The specialist cables, which in February 2011 was a return to a growth of over 5% of its sales and a continued recovery in its operating margin to 5.5%, achieved on the first three months of year a turnover of 1.754 billion euros (+13%).

STMicroelectronics: -3.74% to 8.10 euros (largest decline of ACC)

The Franco-Italian manufacturer of semiconductors said Tuesday net income group share tripled on a year in the first quarter, but below analysts' expectations, to 170 million.Earnings per share were 19 cents, as investors had forecast 20 cents. Turnover increased by 9%.

Dassault Systemes: + 2.76% to 57.75 euros

The French software developer has registered an increase of 31% of its turnover in the first quarter of 2011 to 409,500,000 euros.

Renault: + 4.72% to 41.30 euros (largest increase in the ACC)

The manufacturer has maintained its goals Tuesday 2011 saw a strong first quarter by sales and despite the prospect of a temporary slowdown in production due to the earthquake that hit Japan in March.The designer, who speaks of "record results", also confirmed its objectives of growth, margin and earnings per share for 2011.

In its wake, Peugeot won 1.58% to 30.82 euros.

EADS: -0.07% to 21.42 euros

ILFC announced finalize an order for Airbus aircraft family A320neo, available from 2015.The final agreement is initially on a total of 100 aircraft, split between A320neo and A321neo.

Publicis: -0.82% to 37.10 euros

The group announced the acquisition of advertising agency GP7, based in Sao Paulo specializing in the tourism sector, continuing its development in Brazil.

Unibail-Rodamco: 0.10% to 155 euros

The group reported a growth of 3.3% of its turnover in the first quarter 2011 to 426.6 million euros, and announced it had sold assets during the first three months of the year for a total net 422.5 million euros.

Seb: + 3% at 75.55 euros

The group reported a net revenue growth in the first quarter despite a sluggish macroeconomic environment, and saw its operating margin reached a record level for this time of year.

Sopra: -0.23% to 79.30 euros

The group announced an increase of over 10% of its turnover in the first quarter, driven by growth in all its activities, and confirmed the timing of the proposed demerger of its software division of Axway.

After market, PPR, Klépierre NextRadioTV, Ipsos, Ingenico and Gameloft will publish their turnover for the first quarter.

In Brussels

Ireland and other followers of the corporate tax can breathe a minimum: despite the Franco-German ambitions, the future "pact" of European competitiveness does not require them to raise their tax benefits. But the respite promises of short duration: in mid-March, the European Commission intends to deliver this explosive issue on the table, with the tacit support of Berlin and Paris. In the EU, the tax is a matter of national sovereignty, with the right of veto in the European sphere. Each state tax at will. Some heavy, some lighter in the image of Ireland.For a generation, Green Island was a sampling of 12.5% on profits (against 23% on average in the EU and 35% in the U.S.) one of the essential attractions of its strategy investment-oriented multinationals.

The tide turned last fall when Dublin came to the window to rescue the euro. On this occasion, Nicolas Sarkozy noted that Dublin could also replenish its coffers by looking for revenue wherever they are: "I can not imagine that our Irish friends do not use their flexibility, their taxes are lower than others ", he let go at the bend in October.

Harmonization

Since Angela Merkel took over by making a minimum taxation of benefits one of its key European Pact of competitiveness. "The market was clear: Germany and its financial strength will fly to the rescue of the euro and European countries in trouble if everyone holds itself home to a minimum of discipline free business cards. The corporate income tax and especially the convergence rates in the EU are part of the arsenal. With Ireland, four countries find themselves in the sights, both inside and outside the euro area: Cyprus, Luxembourg, the Czech Republic and Slovakia.

To obtain the necessary adhesion to the "pact" of seventeen of the euro area, the chairman Herman Van Rompuy and Angela Merkel have finally put some water in the Franco-German wine.The declaration to be submitted to the Summit of the euro on Friday in Brussels, commits the Heads of State and Government to restore order to public finances, but she advocated, explicitly, "without harmonization of tax rates."

Proponents of tax convergence has not said its last word. Five days later, on March 16, the Barroso Commission intends to relaunch the debate in another way: it wants to harmonize the tax base of corporation tax in the EU, that is to say providing a tool for Twenty-measure common to September Once established this barometer, it will be possible to establish a recognized scale. It is up to the big states, it is said in Brussels, then back to the political pressure against dumping tax.

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Shortly before the opening of U.S. stock markets, the Nasdaq 100 index futures and Standard & Poor's 500 index retreated 0.62% respectively at 2289.25 points from 0.60% to 1297.70 points. The Dow Jones was due in part to its decline from 0.44% to 12,041 points.

What foreshadow a third straight session of declines. Yesterday, the Dow Jones had however managed to reduce its losses throughout the day to finish on a slight decline of 0.9% to 12,105.8 points. The Nasdaq, which fell 2% in session was also limited the damage, finishing on a withdrawal of 1.2%. The Standard & Poor's 500, after losing more than 1%, did ultimately crumbled by 0.6%.

The escalating violence in Libya andthe outbreak, more vivid than ever, oil, continue to weigh heavily on markets, on both sides of the Atlantic.Especially since Libya has suspended exports of gold and black as the risks of contagion to other exporting countries is not excluded.

In this tense international situation, which could be added on Thursday, some concern investors face early elections in Ireland, macroeconomic indicators of the day will they manage to weigh?

Durable goods orders, new housing and unemployment

On the agenda on Thursday are expected, from 14.30, orders for durable goods in January, enrollment to unemployment benefits. Thereafter, at 16.00, new home sales. The weekly petroleum stocks are finally known, at 17:00.

Orders for durable goods are expected up 2.8% or 0.5% excluding transportation. 405,000 new jobless claims are also expected.The FHFA index of house prices should receive a decrease of 0.1%, while sales of new housing could fall by 7.3%.

GM and AIG publish their figures 4th quarter

On the corporate side, General Motors (GM) will announce its results for the fourth quarter before trading, while AIG to sacrifice the performance after market no fax cash advance.

Investors may also keep an eye on Procter & Gamble, whose chief financial officer, Jan Moeller, participates in a Consumer Analyst conference in the afternoon.

Sears Holdings has reported a quarterly profit decline because of poor sales from the department store chain that bears his name.

Limited Brands announced Wednesday night a 27% increase in earnings for the fourth quarter thanks to healthy sales of its lingerie brand Victoria's Secret.The group posted net earnings of 452.3 million dollars, or $ 1.36 per share, against 356.1 million ($ 1.08) a year ago.

Bank of America was sued by investors who require it to redeem their mortgage loans which are backed by over $ 1.06 billion of securities they hold. Net income for the fourth quarter fell to 374 million dollars (3.43 dollars per share), against 430 million dollars (3.74 dollars per share) a year ago.

Magna International announced yesterday that it returned to profit in the fourth quarter, production and sales of cars continues to increase worldwide. Net income for the automotive stood at $ 216 million, or 88 cents per share.A year ago, the equipment had suffered a loss of $ 139 million or 62 cents per share over the same period.

Moreover, airlines, including American Airlines (-6.55% at the end), United (-6.8%) and U.S. Airways (-7.5%) should still pay the price, this Thursday, Arab crisis and soaring oil prices running.

Hewlett Packard (-0.6%) for its part will probably be very guarded today, having been severely punished after publication of its results.

The Pentagon is expected to unveil on Thursday its decision on the mega contract for refueling tankers to the U.S. Air Force, for which Boeing and Europe's EADS are competing for several years.

The Daily finally arrives. Feared by some and eagerly anticipated by others, the newspaper for exclusive iPad Rupert Murdoch was launched Wednesday with fanfare at the Guggenheim Museum in New York. The event was originally scheduled at the Museum of Modern Art in San Francisco on January 19 last, but technical problems with the platform distribution would upset these plans. The announcement in the meantime the sudden departure on sick leave from Apple CEO Steve Jobs did not help matters. It is the vice president of Internet services from Apple, Eddy Cue, who replaced him. Apple has introduced a service that allows readers to subscribe to a publication directly from iTunes and see the newspaper delivered automatically on the iPad.

The Daily is the second newspaper designed exclusively for the Apple tablet.The Virgin boss Richard Branson, The Project was launched last November, a $ 2.99 monthly chic ranked eleventh in today's list of most popular publications of the tablet. The Daily him, is priced at $ 0.99 per week, initially in the U.S., or $ 40 per year. His first "A" shows a photograph taken in Egypt under the title "The Fall of a Pharaoh." Inside are 100 pages of articles, photos, videos and commercials, as well as weather, games and a section devoted to sports.

11% of revenues from the press

The News Corp credit reports free.. has so far spent $ 30 million to finance the launch. The operating cost will be $ 500,000 per week. The goal is to sell "millions of applications," said Rupert Murdoch.Eventually, declinations will be offered on other tablets, particularly those operating with the operating system Android, from Google.

The success or otherwise of the new daily fee on the iPad, which has no fewer than 60,000 applications, followed closely by the world press. The News Corp.., Owner of the British tabloid News of the World and the U.S. daily The Wall Street Journal, hopes that the digital tablets like Apple will revive an industry in crisis, ignored by readers and advertisers.

Number of daily, weekly and monthly paid versions have launched online with more or less success in recent months. United States, online advertising now accounts for only 11% of total advertising revenue of the press, according to the American Association of Newspapers.Advantageous compared with a price, The Daily could overshadow Ongo, the new kiosk line funded by the New York Times, Washington Post and Gannett, are the analysts. For $ 7 per month, Ongo offers a selection of the most popular items of the three newspapers and the AP and the Financial Times.

Egypt is safer. After the violent demonstrations against Mubarak in recent days, the French Ministry of Foreign Affairs recommends to "defer all travel" to the non-emergency countries. One can read in the Travel section of the site of the Quai d'Orsay that "French people there are asked to limit their movements to a minimum and to stay away from crowds."

Accordingly, the National Union of Travel Agencies (SNAV) said on Sunday suspended all departures vacationers "until further notice." Notably, "there will be no departures tomorrow (Monday)," said Georges Colson, chairman of the professional organization. For clients on site, they "extend their stay and return without incident happen normally. Charter flights are parties to seek empty of customers.There was no notable incident. "Toursits Nearly 1,000 French are still in the country. They were 4,000 in the beginning of the weekend, according to tour operators.

Customers affected by the suspension of departures "may defer travel free at a later date on Egypt or any other destination programmed by the tour operator, has previously provided the Centre for the Study of tour operators (CETO) in a statement flexcheck cash advance.

By Friday evening, the French tour operators have suspended all departures scheduled this weekend to Egypt, following a request from French Foreign nationals "limit" their movements in this country. In 2010, 600,000 French surrendered in Egypt. Belgian tour operators have also decided on Saturday to suspend departures until Monday included.They do not plan to repatriate their customers already there.

Contagion events in North Africa has enough to worry the French tour operators. Tunisia is the first travel destination of the French, ahead of Morocco and Egypt.

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Received, two on two! Wednesday after Portugal, Spain and Italy have passed their test in the financial markets Thursday. The only problem is that the two countries have conducted such operations in interest rates sharply higher: 4.542% for Spain (against 3.387% in the previous issue) and 3.67% for Italy ( against 3.24%).

As a result, the CAC 40 moved closer still just over 4,000 points at 3974.83 points exactly. The index in Paris Will it ended the week by breaking the psychological barrier? It would take an increase in the CAC 40 0.63% reach the milestone. Nothing is less certain, after Wall Street finished Thursday down slightly disappointed by the increase in weekly jobless claims.

And especially after the International Monetary Fund (IMF) has urged caution after the success of these bond issues.The IMF considers that Europe is still struggling to reassure investors.

Trading volumes higher

At the opening, the CAC 40 index opened slightly lower Friday morning: -0.34% to 3961.04 points. At the London Stock Exchange, the FTSE-100 fell by 0.11% to 6017.25 points, the Frankfurt Stock Exchange, the DAX 30 lost 0.28% to 7055.42 points.

Amidst all these economic uncertainties, there are still signs of hope: the trade volumes have returned to normal levels even higher. Thursday, 4.8 billion euros were traded and 4.2 billion on Wednesday.

On the macroeconomic front, are scheduled:

In France:

– The benchmark index reached 119.17 in rents in the fourth quarter of 2010, according to figures released Friday by the INSEE.In one year, increases of 1.45%.

In Europe:

– Sales of new cars fell 5.5% in 2010 in the EU compared to the previous year at 13.36 million cars.

– Foreign trade in November (11:00) and the second estimate of inflation in December (11:00) in the euro area

United States:

– Inflation in December (14.30)

– Retail sales in December (14.30)

– Industrial production in December (15.15)

– The first estimate of the index of consumer confidence from the University of Michigan in January (3:55 p.m.)

– Inventories and business sales in November (16 hours)

On the currency markets, the euro fell back against the yen at 1110.39 (-0.1%), and continued its momentum against the dollar at 1.3372 (+0.18%).

Carrefour confirms its objectives

Carrefour: 1.99% to 34.06 euros

Carrefour on Thursday confirmed its objective of operating income during 2010. The group last year recorded a growth of 5.8% of its sales to current exchange rates, thanks to the good performance of emerging countries payday loan.

Technip: 1.54% to 74.97 euros

Technip announced Friday it had won a contract from Chevron for the field development Jack and St. Malo, located in a water depth of approximately 2100 meters in the Walker Ridge area in the Gulf of Mexico.

Accor: 0.98% to 35.45 euros

Accor announced the sale of the walls of 49 hotels in France, Belgium and Germany to a consortium of Predica, Crédit Agricole subsidiary of Insurance (80%), and Land Walls (20%), amounting total of 378.4 million euros.

Renault: +0.40% at 48.44 euros

The complaint against X Thursday by Renault industrial espionage which he says victim is a foreign corporation, said the Paris prosecutor.

For his part, Peugeot climbed 1.38% to 32.32 euros, despite the decline of 5.5% of new car registrations in the European Union last year.

Intel's results boost values computer

After the good results on Thursday from Intel, the computer values show the largest increases in the CAC 40: Cap Gemini rises from 1.43% to 36.23 euros, ST Microelectronics rose 1.32% to 8.98 euros.

Aeroports de Paris: +0.08% at 59.05 euros

The government and airline officials agreed Thursday in a dozen measures to better cope with falling snow have disrupted traffic in late December.

Sanofi-Aventis: 0.29% to 51.95 euros

The U.S. ally Sanofi-Aventis, Bristol-Myers Squibb said Thursday the recall of 64 million tablets of Avalide, a treatment against hypertension in the United States and Puerto Rico.Moreover, the French laboratory hopes to conclude its takeover bid for Genzyme around $ 76 per share against 69 previously.

Bank stocks battered

Despite the success of bond issues, bank stocks were battered on Friday: Societe Generale, biggest drop of the CAC 40 lost 1.79% to 44.40 euros, Natixis was down 1.11% to 3.84 euros, Credit Agricultural loose 1.01% to 10.30 euros and BNP Paribas dropped 0.93% to 51.21 euros.

First U.S. bank to issue this year, JP Morgan Chase will present its fourth quarter results on Friday to 13 hours.

Stallergènes: -0.02% to 58.89 euros

Stallergenes reported Thursday of a rise of 12% of its turnover in 2010 but he confirmed anticipate a slowdown in growth for its new fiscal year.

Veolia: -0.57% to 22.77 euros

The city of Paris should entrust its lighting contract of 900 million euros sweat ten years to a consortium consisting of Bouygues (-0.09% to 33.11 euros) and Vinci (+0.05% at 41.22 Euro) at the expense of a subsidiary of Veolia Citelium, and EDF (+0.34% to 31.2 euros), according to Les Echos.

November 16, a diamond merchant in London, Laurence Graff, disbursing 46.16 million dollars to afford a pink diamond the rarest and finest ever auctioned. Ten days later, Hong Kong, a stock bought another diamond pink diamond of 14.2 carats for $ 23 million, setting a record in Asia. These two examples alone summarize the health of the diamond market in 2010. This shows an annual growth of 5%, allowing it to regain its 2008 level.

In Jerusalem which was in November the plenary of the Kimberley Process, the system of global regulation, the diamond merchants rubbed their hands. Avi Paz, president of the World Federation of Diamond Exchange, said when the press he was "very good results since the United States are not yet fully emerged from the recession."

Asian billionaires, engines of growth

The Americans are in fact the first world consumers of diamonds. They absorb half of the $ 13 billion of rough diamonds produced worldwide each year. But since the 2008 crisis, weakening their claim to the benefit of developing countries. According to the CEO of De Beers, the world's number one industry, the demand for the latter is already able to offset declining U.S. demand. According to analysts' forecasts, Chinese consumers would dethrone the Americans in the next 10 years.

Overall, Asia has been the key driver of demand in 2010. Evidence of this dynamic: a diamond exchange opened its doors in South Korea and the Bombay Stock Exchange has been completely renovated.In the area of cut diamonds, India has also become a fierce competitor to the major exchanges in Tel Aviv, New York and Antwerp. In 2010, Israeli lapidary saw their exports to U.S. fall by 28% over the first seven months of the year while the Indian lapidary saw them surge 25%.

Opaque sector

Despite the optimistic outlook, the diamond market is largely ignored by investors. Few fund managers can speak on this subject. "This is a difficult area to define. The diamond prices change depending on the color, clarity, weight (carat) and the cup, which is not the case with other raw materials.It is difficult to invest in a company in this field because its valuation will fluctuate greatly appreciate the characteristics of diamonds that are mined, "says Emmanuel Painchault, head of equity management infrastructure and raw materials at Edmond de Rothschild Asset Management guaranteed pay day loans.

The opacity of the sector also weighed heavy. The diamond market is highly concentrated. Seven countries share nearly 80% of world production: Russia, Botswana, Australia, China, Canada, Angola and South Africa. As for diamond mines, only three players control extractions: the South African De Beers, the world, the Russian state company Alrosa and Anglo-Australian Rio Tinto. Pricing is a big question mark. Diamonds worth in fact $ 13 billion in gross but their extraction weigh between 64 and 72 billion dollars in wholesale jewelry."It is not clear, prices are more determined on a case by case, we do not know the status of stocks in a market where the diamonds are kept to create scarcity," laments one in Edmond Rothschild Asset Management.

The scourge of "blood diamonds"

Moreover, despite the good performance of 2010, diamonds continue to suffer from their bad reputation. The scandal of diamonds "dirty" used to finance wars and rebellions, illustrated by the movie Blood Diamond in 2006, making investors extremely cautious. The Kimberley Process, established in 2002 under a UN mandate, trying to bring more clarity to the certification process. But difficulties remain. So last November, the 75 member states of the committee failed to agree on the complete recovery of Zimbabwe's exports, which were suspended a year earlier.According to human rights organizations of human rights, military have taken control of local mines Marange in eastern Zimbabwe, considered the most promising in Africa. They have killed over 200 people passing.

These figures are difficult to verify but they are enough to deter investors from a market which remains highly promising. "Raw materials constitute a risk area. It is important to have a vision as fair as possible to the supply, demand and stocks. So be careful, "Emmanuel Painchault slice.

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After the ashes, snow. The capricious weather this year is sowing panic in transport. Cancellations of flights, trains, airport closures … Thousands of people have been crowding in the terminals, postpone or cancel their trip. Enough to put all the passengers on the nerves, especially if they have already experienced the episode of ash cloud from the volcano in Iceland last April. The crisis management and administrative maze to hope for reimbursement of travel has left bad memories.Despite the appointment of a mediator by the government, consumer groups had expressed regret that most travelers have not been compensated.

No force majeure

Yet the law is explicit: the ash cloud, such as snowfall, are "exceptional circumstances which require European airlines, Norwegian, Icelandic and Swiss take their responsibilities," says Nicolas Godfrey, a lawyer in the UFC- Que Choisir. Force majeure can not be invoked. Carriers must assist their passengers, guarantee repayment of notes and cover the costs they incurred following delays and cancellations. These rules apply to all passengers stranded at European airports even if traveling with a foreign company to the European Union. And "assistance does not provide a cot, but a real hosting solution.If for the moment the situation seems rather better managed than the last time, we still saw too many people sleeping in airport lounges, "says he regrets that not all airlines are not the same zeal to fulfill their obligations and satisfy their customers.

Refunds for Flights

Because of new snowfall expected on Wednesday evening, several companies provide on their websites instructions to manage its reservation. Air France offers its customers who want to leave before Dec. 25, a telephone number (January 1957 October 2, 1958) to obtain the free modification of their reservation in the same class. The company says it still places and agrees to take care of tariff differences.People who want to travel after December 26 can also modify their reservation at no extra cost but will have to pay the price difference with another price. For travelers who prefer a refund of their ticket, the company invites them to approach the seller (Air France office, travel agency or online form on the Internet cash advances pay day loan. Pierre-Henri Gourgeon, CEO of Air France-KLM told AFP that there was "no additional compensation."

EasyJet and Ryanair also on site exchange service reservation and make available a form for reimbursement for canceled flights.

Finally, when the weather prevented people who had bought a trip flight + accommodation to enjoy their entire program, the agency is required to change it.If the changes are not appropriate, clients may request a refund of all or part of the trip.

Traffic near normal at SNCF

If Eurostar announces a gradual return to normal for TGV rolling in the Channel Tunnel, the railway company that no longer calls the passengers to postpone their trip, however, recalls that all its trains were full until Sunday, December 26. Persons in possession of valid tickets between 19 and 24 December, knowing that no train will flow 25 may also exchange their reservation or request a refund. Exchanges are free at the point of original sale within 60 days after the date of original travel, for travel within 90 days. For bookings made directly with Eurostar, please send an email to contactus@eurostar.com giving your booking reference.Refunds will be processed and confirmed by email within 10 days.

Few passengers of the SNCF had to face cancellation of their train. In a statement, the rail company said that despite the difficult weather conditions, 1.4 million passengers took the train last weekend and were able to go on vacation. 97% of trains and circulated throughout the territory. People who have nevertheless found blocked should not expect reimbursement. SNCF does not support the delay that the cause is not its responsibility.

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"On pension reform, employers and unions have continued to talk." After this reform has given rise to serious wrangling between government and unions, the president of MEDEF, Laurence Parisot, now wants to look ahead. Objective: To revive the dialogue. "We believe in the power of the peer," she told Europe 1 radio on Sunday. And for that, she will invite leaders of various unions to meet to establish a "social agenda on the next two years."

For the president of MEDEF, we must find a way to "expedite all ongoing negotiations," including one on the modernization of institutions representing the personnel and the modernization of the peer.It is also necessary, she said, packing "obvious negotiations on supplementary pension schemes Agirc-Arcco.

"The government must establish more harmony in our country"

Laurence Parisot also expecting much from the new government. "We expect the new government's ability to establish a little more harmony in our country," she said.

Among the main issues she will discuss with them the job market. "We will diagnose the labor market," says the president of MEDEF. Freshly maintained his position as prime minister by the president, Nicolas Sarkozy, Francois Fillon said in a statement "to be firmly in a new stage which will allow our country to strengthen its economic growth in the service employment. For the president of MEDEF, the creation of jobs through the SOHO and SMEs."We must have the attitude of SMEs and to show solidarity with these companies, which may be both the most vulnerable, but also the first to leave."

"Continue to reduce deficits"

One of his goals is to bring the juniors and seniors. "There is a misconception that we have heard much that would be: a senior citizen who stays longer in the job is a job for a young and less," she insisted. We must, enterprises, we thought the relationship senior juniors in the same way. That is why we are considering the establishment of mechanisms for mentoring between junior and senior. "

Who said creating more jobs, said to boost this growth. Therefore continue to reduce deficits for Laurence Parisot. "If we continue in this direction, we could reach 3% or 4% growth by 2015. Otherwise, social issues will become dramatic. "The government has planned at least 40 billion euros in savings in the 2011 budget. Objective: To reduce the public deficit of 7.7% this year to 6% in late 2011.

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