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On Wednesday the European Commission has strongly urged the France "to clarify the budgetary strategy which will enable it to correct its excessive deficit and reduce its debt. The latter has in fact intended to increase "substantially because of the likely deficit, but also as a result of the issuance of public debt to finance public investment."In other words, Brussels is concerned about an economic policy which aims to increase the debt …

Ambitions intact

The Government does not intend to revisit all his ambitions downwards coincidence, François Fillon returned Wednesday by the Council of Ministers launched the operational program for future investments – 35 billion that will go into teaching Higher education, research, industrial clusters and SMEs, sustainable development and digital.

The Prime Minister announced the holding of an interdepartmental committee before the end of April, "after which will be signed the first agreements between the State and operators responsible for the granting of funds" (OSEO, National Agency for Research Fund deposits …).

These agreements specify the selection process of projects – they will catch up to France, while creating wealth and jobs – and the arrangements for monitoring investments. They make it possible to launch "within weeks" of the first calls for projects for their selection as 2010.

The first would involve investment in high speed, "a subject on which we want to go fast," said a government source.

Moreover, the list of international juries who must select the campus of excellence is almost ready and their choices, investment monitoring, should be done quickly.In the field of nuclear research, the government also wants early investments occur this year.

Other actions, which do not require the launch of calls for projects, will lead "to finance faster," says Matignon. This applies for example to strengthen the core of OSEO to 1.5 billion euros, the granting of "green loans" subsidized industrial enterprises and aid for thermal renovation of housing for households with low incomes.

The Commissioner General for investment, Rene Ricol, has his eye on a single euro spent … What reassure Brussels?

An agreement on part-time senior recently signed by the unions CGT, CFDT, CFTC and FOR with the management of France Telecom (Sud-PTT and CFE-CGC did not sign). This agreement covers employees who worked at least fifteen years with the company and due to retire within three years.

This device based on volunteerism should enable people to work part-time for three years before retirement for 80% of gross salary. With a reduction of greater wages, the employee can retire earlier, up to eighteen months if he agrees to be paid at 65% (not working so that eighteen months before the retirement).

"It's an event, a brick building that is being rebuilt, a dynamic" to move towards a new "social contract", said Director of Human Resources Group, Olivier Barberot at signature.The unions amounted to 14,000 the number of employees who could join the scheme.

"The group undertakes to compensate for 50% the time freed by employees in GST, which, on the basis of 6,000 beneficiaries of TPS, 1500 represents the minimum hiring full time Commission under the scheme between June 2010 and June 2013, "said the text agreed.

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