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Card for Teens, Young booklet, ready to license one euro a day, student savings, credit card and battery removal on the Internet for children of 12 years, life insurance Special darlings …. Having invested heavily to the youth market, banks raise one last taboo by attacking 6-10 years.

It's Societe Generale, which sets the tone by launching the first website dedicated to financial education for children. A large reinforcements of advertising campaigns, which involved Gourmaud Jamy, is television youth with his "It's not rocket science" on France 3, the banking group has the smallest raise money, investors and underwriters in the making of contracts ."Because tomorrow is getting ready today," argues there be building on this "living tool that will grow with the children."

Informational and edutainment, abcbanque.fr offers editorial content, interactive videos, games for the value of things and a management tool pocket money. With a username and a password, the child can manage their virtual piggy bank and establish its projects from its budget, as calculated the cost of a gift for his parents.

"Succeeding in later life financial"

"Birthday, Christmas, little mouse … even for the smallest, there are many opportunities to fill their piggy banks.

Payday loans online can be risky because of the chance of identity theft. It is important to make sure that any online loan company is legitimate.

Liquidation or recovery? The future of the ferry company SeaFrance, SNCF and property loss for over ten years, is played in two stages this week. The European Commission must give its opinion on Monday the recovery plan presented by the company management.

It is financed recapitalization to the tune of 160 million euros provided by the station, its parent company, and a loan of 99.9 million euros was also granted by the SNCF "market conditions" as Ministry of Transport, at the forefront of negotiations with the Commission.

Three candidates for the recovery

On 19 October, Brussels decided to give a stay of several days the French government for an independent investor that is able to replace the station to inject 100 million euros.This loan is indeed the point of blocking the bailout.

Allocated by the SNCF, it is similar to State aid. But the Ministry of Transport, we do not believe in miracles. "In the current situation, no bank is willing to release 100 million euros to support SeaFrance," says a close case.

Tuesday, it was the turn of the Commercial Court of Paris to decide: the liquidation or takeover by one of three candidates. In addition to a mystery buyer, called "Being Bang," Louis Dreyfus Armateurs is associated with the Danish DFDS in a consortium. Another offers more unusual is in the running. This is a cooperative production (Scop) carried by the CFDT.

512 employees have already raised a finger to enter the capital of the SCOP which will take back almost all of the employees but is seeking another 20 to 25 million euros.SeaFrance has 880 employees.

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"Brussels gives time for France to save SeaFrance

Meanwhile Cannes … The G20 finance ministers, held Friday and Saturday in Paris, was aimed to prove once again to the European partners that it was at the bedside of the crisis currently affecting the area, but also to mark the stage for the G20 heads of state to be held in early November on the Croisette.

This Saturday, the central bankers have therefore agreed to support and rebalance the global economy in a context of heightened tensions, and lead coordinated policies in the short and long term."Advanced countries will adopt, taking into account their respective national circumstances, policies to strengthen the confidence and support growth and implement measures clear, credible and targeted to rebalance public finances," it said in the final communiqué.

While in the coming days, the United States should "clarify" their budgetary consolidation measures and China commit to "rebalance" its growth engines, the Europeans themselves have promised to respond "comprehensive and sustainable "to the debt crisis that mine. In this context, the results of the European Summit of 23 October will be "decisive," assured on Saturday the Minister of Economy, Baroin, who chaired the summit.The G20 ministers expect indeed a "comprehensive plan" that will "provide an aggressive response to current challenges."

All topics to be discussed in Brussels at the EU summit and then to Cannes and is listed in the press release.If the finance ministers and central bank governors of the G20 welcomed the decisions taken in late July to strengthen the powers and capacity of intervention of the European Financial Stability Fund (EFSF), they said to wait for new work to maximize the impact of the fund, and that to "avoid any risk of contagion" from the Greek crisis to other economies.

The warning from Christine Lagarde

On the issue of banks, ministers say they will ensure "that banks have an adequate level of capital and have adequate access to funding to address current risks," while the new haircut on debt of the Greek state held by private creditors will be known on October 23.

The contours of the nationalization of Dexia emerge. When Nicolas Sarkozy and Angela Merkel discussed the rescue of banks in the euro area in Berlin, Prime Minister François Fillon, his counterpart Yves Leterme and representatives of Luxembourg have them addressed this issue in a summit to looks like a marathon. And this morning, after a council of ministers, Belgium has decided to take control of 100% of Dexia Bank Belgium, the Belgian entity of the institution present in retail banking, with an investment of 4 billion euros. A price at the bottom of the valuation range expected by shareholders, who were betting on an amount of between 3 and 7.5 billion euros. The Belgian Finance Minister Didier Reynders believes that this amount is "reasonable."Belgium intends to remain for several years proprietor of the bank in order to "continuity" before the network to lean a private actor.

The board of directors supports the offer of Dexia in Brussels, saying it is part of the "social interest" group. It also ensures that the 600 employees of the Dexia holding will be reclassified to the various subsidiaries promised a recovery.

Meanwhile, states have agreed on the allocation of guarantees to make to the future "bad bank" that remain after the dismantling or the defeasance structure to isolate the assets at risk. "States have agreed to divide this guarantee in proportions similar to those of 2008 (during the rescue of Dexia), 60.5% for Belgium, 36.5% for France and 3% for Luxembourg," said the Belgian government.

For its part, the French state must create a new bank dedicated to communities, both owned by the Postal Bank and the Deposit CDC. The Board of Directors has appointed Dexia director Pierre Mariani to conduct these negotiations. His copy to a detailed plan of recovery of the industry is expected "in the coming weeks."

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Controllers return to work gradually. After La Rochelle and Paris Sud Est (Gare de Lyon), several sites have voted Friday morning to return to work, like Bordeaux, Reims, Chambery, Dijon, Lyon, St Etienne, Toulouse or Besancon. Other websites should take a similar decision at general meetings planned in the afternoon. The management of the SNCF

Many controllers SNCF had exercised their right to withdraw on Thursday afternoon to work after the announcement of the attack on a colleague on a train on the Corail Lyon-Strasbourg. In an interview with Figaro.fr, the president of the SNCF appealed to the coolness of the railway to resume work soon and would discuss with the unions to turn.Management has undertaken to present an emergency plan with the security services.

Traffic TGV, Corail and TER is still disrupted, although the situation has improved significantly over the entire network, including 8-9 in 10 TGV from and to Paris and a TER of 2. To find out if their train is running, users are encouraged to consult regularly Infolignes site, or call toll free (free from a landline) 0805 90 36 35 credit score.

Toll and information site

SNCF always invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled may obtain a refund, or take any train leaving for the same destination without the need to exchange their ticket. Good news however for users Transilien (train network in the Île-de-France), the Thalys and Eurostar.Traffic on these lines is normal according to SNCF.

"There is no point in penalizing travelers"

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. According to the station, all passengers stranded at the station in the evening were able to reach their destination or were assisted to find accommodation for the night. According to the Ministry of the Interior, it was not necessary to set up emergency housing plan.
Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP

The diagnosis of "Dr. Disaster" is clear: "Most advanced economies are on their way to a new recession." Nouriel Roubini said at a conference organized by Bloomberg, the latest economic statistics published overseas suggest that the United States, Britain and the major countries in the euro area have even one foot into it.

U.S. consumer confidence is indeed stable in September at a level close to its lowest point reached two years ago at the height of the crisis. American households are also more likely to say that it is difficult to find a job. At the same time, European governments are struggling to resolve the debt crisis.

Thus the eyes of the president and co-founder of the fund Roubini Global Economics, "the question is not whether or not there will an economic contraction, but rather what will be the extent of recession and if we know a new international financial crisis. " The influential Economist states that "the answer to these questions depends on what happens in the euro area and whether European leaders will be able to act together." At the same time, the preacher of the crisis of 2008 states that "politicians have no more cartridges."

And pessimism legendary Nouriel Roubini told him that the consequences of the debt crisis in Europe could be "worse" than the bankruptcy of investment bank Lehman Brothers in 2008.

Dr. Jekyll and Mr. Hyde of finance

Gloomy predictions that echo the advice provided by Nouriel Roubini to its own customers. In a letter theoretically confidential, the owner of consulting firm Roubini Global Economic Financial has in fact recently recommended its clients to sell their assets to European sovereign debt. According to him, and they realize their "hit of the year." Nouriel Roubini has hammered "take the money and run away easy payday loans."

And if the man turns and respected professor of economics at the head trader of an investment fund, was able to foresee the crisis "subprime" as 2006, it has not always been right. When the stock market index S & P 500 fell to its lowest level in twelve years in March 2009, Nouriel Roubini believed then that he would continue to fall.But the American flag then flew by 65% ​​in the year 2009! Thus remains to be hoped that this time the predictions of Dr. Jekyll and Mr. Hyde of finance will not be realized.

Economists forecast break their

One by one, the big banks revise downward their growth forecasts. These days, economists Exane BNP Paribas announced that they did not exclude a more "negative growth" at the end of the year in France. Societe Generale CIB provides a near-zero growth in activity in the third (+0.1%) and fourth quarter (+0.2%). For its part Bank of America Merrill Lynch table does more for France than on a 1.5% growth in 2011.

Involved, the crisis in the eurozone, according to economists Groupama: "Since the beginning of the summer, the expectations of businesses and consumers are deteriorating sharply, especially in Germany, most likely because of the crisis of governance European ". Clearly, the panic in financial markets and the ongoing crisis on the front of the public debt plunge consumers and businesses in the wait.

But at present, "it is very difficult to judge the extent and duration of the downturn," said Pierre-Olivier Beffy, chief economist of Exane BNP Paribas.

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Like the Asian stock market, expected to open the Cac 40 up 1.5% above 3100 points, according to the indices "future" and on Monday in the wake of U.S. indexes rebound on Friday. The main European indices, with the exception of the London Stock Exchange will remain closed on Monday and is expected up 1.1% and 2% on opening. Bank stocks, however, should react to the statements of the owner of the International Monetary Fund.

Friday, after a negative early trading, Wall Street has ended the session on gains of 1.2% for the Dow and the Nasdaq 2.5%, investors focusing on positive ads during the next meeting of the Federal Reserve in September suggested Ben Bernanke at a conference of Jackson Hole.The anticipation of a further intervention by the Fed puts the dollar under pressure against a basket of currencies: the dollar is trading at 1.4537 dollar per euro.

And always in the context of the general economic meeting in Jackson Hole Christine Lagarde urged this weekend to recapitalize banks. She said that the European institutions "need of urgent recapitalization." Former Minister of Finance believes that these measures are the "key to cut the chain of contagion," New blow to the banking sector, weakened already widely during the summer.

Irene reduced cost

Other news of the weekend: the passage of Hurricane Irene passed through New York without drama. He also was demoted to a tropical depression. U.S. markets should open smoothly and Monday.Hurricane Irene would have between 500 million and one billion dollars in damage in the Caribbean and the United States, according to catastrophe modeling firm EQECAT. A figure below the most pessimistic forecasts considered before the hurricane.

Referring to the financial crisis, Laurence Parisot said that "if Europe were attacked, not because it is weak but because it is strong, and if it is envy, because it is enviable, "In an interview with Le Figaro, the boss of bosses denounced a U.S. plot against the euro area.

The price of Brent was down, refineries and oil terminals on the East Coast of the United States seem not to have suffered major damage, easing fears of a supply disruption.In addition, Libya resumes oil exports within a month, according to the spokesman of the Arabian Gulf Oil Company (Agoco), controlled by the rebels. Crude oil production will resume in mid-September on two deposits in the country.

Still on macroeconomic markets will learn on Monday of income and household consumption in the United States in July and promises of home sales.

Banking supervision

As for values, the eyes of investors should focus on bank stocks.

In addition, Ingenico said it had repurchased TNET, an Italian company specializing in payment terminals, for an amount that was not disclosed. According to Ingenico, TNET manages an installed base of 45,000 terminals in Italy.

APRR observe the re-opening until September 9 of the OPR launched by Eiffage and Macquarie.The toll road was also noted Friday that the evolution of traffic early in the second half was mixed for light vehicles, but remained well oriented for heavy vehicles.

In addition, ING has lowered its board to maintain, against buy Arkema on the title and reduced its price target on the value to 55 euros (as against 85 euros).

Canal + could push his plans for the IPO. While the ACC has lost nearly 20% of its value during the summer, analysts are skeptical of an imminent public offerings of media group, reports Les Echos. The listing of the 20% held by Lagardère has already been de-programmed, it could eventually sell its stake in Vivendi, the majority shareholder.

For its part Orange would be in conflict with the American Cogent.The U.S. operator has, according to La Tribune, filed a complaint against his French counterpart to the competition authority for "abuse of dominant position." Orange is accused of preventing users from accessing the site MegaUpload. the conflict began in January when Orange had decided to grant the account drop traffic from Cogent.

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Teens and their parents flock there. The phenomenon Abercrombie & Fitch has landed in France on May 19, down the Champs-Elysees, with its formidable marketing clout. Home glamorous youths by the Paris flagship store of American education is the temple of polo shirts, tee-shirts and jeans, amid loud music, light and fragrance ultratamisée excessive."We are very happy with our opening in Paris," said mercredila leadership of the group, still very concerned about its image … Irritated by the bad publicity that makes him free Michael Sorrentino, a member of the cast of reality show "Jersey Shore" on MTV, she just offered to pay the person to change his wardrobe!

Despite the quarterly results better than expected, the action Abercrombie & Fitch has lost 6.5% Wednesday to the New York Stock Exchange, investors who held that the prospects bleak in the face of declining consumption and increase in the prices of raw materials in textiles. Sales in late July, the group, which operates 1073 stores, rose 23% to 916.8 million dollars.In stores constant, the increase was still 9%: 5% for the brand Abercrombie & Fitch, Abercrombie Kids 7% and 12% for Hollister Co, which plans to open four stores in France by the end of year no fax payday loans. Net income totaled $ 32 million, against 19.5 million a year earlier. "The cost pressures will be stronger during the second half of the year and macroeconomic uncertainty is greater," warned Mike Jeffries, president of Abercrombie & Fitch.

From 60 to 65 closures in the U.S.

United States, consumer confidence fell in August to its lowest level for over thirty years. Further price increases may slow their spending even more, while the new school year is crucial for the ready-to-wear.In this difficult context, Abercrombie & Fitch warned that it would close from 60 to 65 stores in the United States, most corresponding to maturities of leases at year end. But the chain has confirmed its willingness to open five flagships during the fiscal year 2011 (including Paris). Madrid, Dusseldorf, Brussels and Singapore are scheduled for the fourth quarter. Hamburg is announced for spring 2012, and Hong Kong in the summer. Hollister provides more than 40 openings abroad, in shopping malls.

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For several weeks, the office buildings are covered with small colorful characters. Launched in January at the initiative of an employee of Ubisoft, "the battle of the post-it" invades the open spaces for the summer holidays. The principle is simple: employees are a challenge to those of a company in vis-à-vis, drawing on their windows one or more video game characters with post-it. If they fight back with another figure, the war is declared.

Ubisoft and BNP Paribas initiated this spontaneous phenomenon in "confronting" of both sides of the Rue de Valmy, in Montreuil.Word of mouth and the summer did the rest, spreading the game beyond the town of Seine-Saint Denis, first in defense and in Issy-les-Moulineaux, Paris Intramuros, a province … increasing number of employees swelled from the ranks because of this battle informally, in large companies storefront as in smaller SMEs.

"Good child"

But despite the time spent on this activity unprofitable, the phenomenon raises the overall membership of business leaders. "My boss is OK to be launched into the post-it war," said an employee of Twitter. "It's friendly, pleasant, and it strengthens the team spirit," one responds well to Société Générale, challengée recent weeks by employees of Merck and GDF Suez of Defense.

In the middle of summer, human resources are rather favorably employees gather around a fun activity, like a sports tournament. "Our managers like to see that they pose challenges challengent and other businesses payday loans no teletrack. Especially since all this takes place in a friendly atmosphere. Our employees have recently met the other side at a picnic, "says one at Merck, where a dozen people involved in the movement of 350, mostly among biomedical research teams.

"Phenomenon minority"

An observation shared by a fortiori Ubisoft. The video game maker has indeed little to lose in seeing a phenomenon that is spreading the culture of gaming to the front of the stage. "Internally, I see most of the teams that are boosted, a theme which is our corporate culture.We have not even thought of regulation, "said Caline Christophorov, management of human resources. One hundred employees of Ubisoft are currently involved in open warfare against the computer at BNP Paribas. Ironically, the conflict extends from the last week in the other building Ubisoft Montreuil, opposite … from BNP Paribas.

This vector cohesion is all the more welcome by the human resources are concerned ultimately little to the productivity of their employees. In addition to these "post-it war" are growing at a time when the activity is less intense, companies stress that participants are often few, and responsible. "We trust our employees to not intrude too much on work," said Caline Christophorov. "This remains a minority phenomenon among us," does one judge also Renault, known somewhat lax.And the builder continued: "People still have the right to breathe for a second, right?"

The White House on Saturday called for the unity of the Democratic and Republican parties to restore the economic and budgetary situation of the United States, after the degradation for the first time in their history of "AAA" rating. "We must do better to show our willingness, our ability and commitment to work together to address the economic and budgetary challenges," said the spokesman for the White House, Jay Carney, in a statement.

Shortly before, the only official reaction came from the Treasury and was terse: "an appreciation vitiated by an error of 2000 billion dollars speaks for itself." This release has illustrated the high tensions between the administration occurred Friday Obama and the rating agency Standard and Poor's, crystallized around a miscalculation of 2000 billion.

As tradition dictates, S & P has informed earlier this afternoon the Treasury's decision before making it public. This is usually an opportunity for the government to point out any factual errors. At this meeting, U.S. officials soon discover that the projections of S & P over ten years the budget deficit and public debt do not coincide with the figures of the executive, from the work of the Office of Congressional Budget (CBO).The U.S. public debt stood at 93% of GDP in 2021 instead of the expected 85%, a difference of two trillion dollars.

Standard and Poor's emphasizes the "political risks"

Faced with protests from the government, the rating agency starts with defense. She claims to be part of the work of the CBO, a retaining projection "alternative" of government spending, considered more realistic. After discussions, however, she agrees to return to the initial forecasts. The Treasury advised her to give himself time to review the numbers cold.

Far from judging, Standard and Poor's does not reverse its decision to lower the rating of the United States to "AA +" with 'Negative' outlook. The agency submits a new version of its release to focus on "political risks" to see the country taking insufficient measures against its budget deficit payday loan lenders.In another statement released at night, she explained that the correction of the error has changed only marginally forecasts of debt in 3 to 5 years to come, "decisive" for its decision. "This is a technical error, no serious consequences," says one within the agency.

According to S & P, the political debate on these issues in the United States is indeed not up to the problems caused by a debt of more than 14,500 billion.According to a U.S. government source quoted by CNBC, this episode proves that the decision by Standard and Poor's was taken regardless of the numbers, while revised data showed that the deficit would be sustainable over the next ten years.

"Latest victim of the failure of Obama's economic"

The rating agency had in fact warned in mid-July the Obama administration she wanted a deficit reduction of 4 trillion dollars over ten years to maintain the triple-A, instead of hard-won 2.1 trillion. John Chambers, President of the Evaluation Committee of S & P, also found on CNN that Washington could have prevented the lowering of the notes within the ceiling as soon as the statutory debt.He said the responsibilities were shared by the Administration and Obama, but also "the previous administration."

The political reaction in Washington have shown just block pointed to by S & P. Mitt Romney, candidate for the Republican primary for the 2012 presidential election, has described the downgrade of American "latest victim of the failure of Obama's economic" and the Republican president the House of Representatives "consequence of uncontrolled spending in Washington in recent decades."The Senate Democratic leader, Harry Reid, has instead called for "a balanced approach to deficit reduction," with lower costs but also increases targeted taxes, it rejected the Republicans, under pressure ultra-conservative "tea parties" in the recent discussions on the debt.

(With branches)

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