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A tax assessment record for the richest woman in France. Indeed, the IRS claims the billionaire Liliane Bettencourt, heiress to the L'Oreal empire, more than 77 million euros, according to the site Mediapart. The tax administration has discovered twelve bank accounts in Switzerland and Singapore, credited a total of 100 million euros at the end of 2010.

Also involved, the various properties of the billionaire, whose Arros Island, Seychelles including the purchase in 1997 from a family member of the Shah of Iran for $ 18 million, n ' had not been declared quick payday loans.Lawyers for the heiress of L'Oreal, however, would lead the negotiations to try to reduce the amount claimed.

Third fortune of France, Liliane Bettencourt has assets estimated at 14.45 billion euros. Since investment trust in October, its assets are managed by his daughter Francoise Bettencourt-Meyers and her two grandchildren, son.

If you are like me, then you are looking for a cheap health insurance plan, or at least to reduce what you are already paying.

George Papandreou backtracked. The Prime Minister has just announced that it is prepared to withdraw its proposed referendum on the bailout of the euro area which has caused panic in the country and Europe, to ensure the rescue of Greece, said a statement of its services.

"Although we are not going to a referendum, which was never an end in itself (…), I welcome the position of the opposition party of the right" who was willing to ratify Parliament's approval of the euro area of ​​27 October, said George. Papandreou to the Cabinet, said in the statement.

He stressed that "the question of the participation of Greece in the euro area was taken for granted" and that the challenge was to ensure the implementation of the anti-crisis plan developed by the euro area in Brussels last week.

Tears and blood. After a "transition year" due to the hope of a recovery – finalementdouché by the sovereign debt crisis – and waiting for the presidential, the French will have to prepare for the worst. This is essentially what promise the combination of HR, Personnel & Company (E & P), in the 2011 vintage of his note of social conditions. "The scenario of the fall of 2012 may be highly deceptive and folders in the news, as detonators, regardless of the majority that won," predicts Jean-Pierre Basilian, the author.

For him, the implementation of a genuine policy of rigor, at the end of the presidential election, is no longer any doubt. "With the electoral process, the implementation of proposals on the table, the French will put their hopes for change in politics," he warns.But these expectations "may be disappointed" by the weight of economic realities. "It regardless of the majority that exit polls, austerity policies, fiscal restraint, increased direct and indirect taxes that lie ahead," says Jean-Pierre and Basilian, with the key "a challenging progressive "social shock absorbers, they have worked well during the crisis, appear outdated.

Chilling post-election

The question is whether more rigor to the sauce Greek or British, will become a reality in France. "In all dimensions of social protection, changes will need to be committed in the name of debt reduction, competitiveness of our economy and employment," swears E & P. The questions are rather on the acceptability of austerity policies developed low fee cash advance."At what point will the social cost he found unbearable, by which social groups?, Asks Jean-Pierre Basilian. Where will the divide? The foundation of social cohesion will break there? "If the worst is never certain, it is still really far away. Everything will depend in the end, according to the association, "the representation that citizens will be social justice" policy implementation "of the fair contribution of each social group efforts."

The shower post-election may be all the more ice that three major social issues are at the heart of the presidential debates. First employment, "the first concern of the French," associated with the competitiveness of the economy and a target of lower labor costs."The sharp slowdown in growth can have a negative effect on the rate of unemployment figures the next few months should not be good and may approach or exceed 10%," says the association. Second, youth employment and efficiency of the education system to find a solution to "lost to 18.0000" coming out every year of school without a diploma. And third, the preservation of a social protection floor. "For a taxation of contributions? A decrease joint benefits? "Asks E & P. "In any case, we will not avoid the issue of cost and financing," predicts Jean-Pierre Basilian.

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The human resources department of Air France is under pressure. Three cabin crew unions (PNC) filed a strike notice for the weekend of All Saints, Saturday 29 October to Wednesday, November 2.

The unions believe that their company "wants to charge PNC" his "poor economic performance." They denounce downsizing that "degrade their working conditions." The strike affects all flights from Orly, Roissy and Marseille.

This was already burning the cloth between the management of Air France and its flight attendants. Seven unions had filed a notice of four days in late July, one of the busiest of the year. Finally, the threat was not carried out.

The hostesses and stewards who work on short flights and medium-haul are directly affected by the restructuring plans announced by Air France to regain ground in a market dominated by low-cost airlines payday advance. Air France seeks to improve its productivity by organizing more such flights by plane and rotation by offering volunteers a more intense pace of work. This time, a new rating system hostesses and stewards with their heads cabins, instead of "inspectors controllers" would have set fire to the powder.

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Must catch up behind his desk on time to smoke outside? The issue is being debated in France, where some companies and communities have adopted this measure. In general, they do not boast too much. Reportedly, the primary health insurance fund (CPAM) of Paris has adopted such a rule in several of its centers. Employees who smoke must go débadger when they leave the building and when they return to rebadge their office.

This measure applies from Monday all the officials of the Walloon region for which time is counted cigarette break in working time. "The rule is that when one leaves or enters the building that we register the clock," said Monday the spokesman of the regional government of Wallonia, Hugo Poliart. This measure, for 10,000 people, is being debated in Belgium."It's a stigma against smoking, says Xavier Lorent, an official of the Christian union CSC. Will be tomorrow worry someone will take a few minutes for a coffee break, or goes to the bathroom? ".

80 minutes a day outside his office

For now, no action or no generalization are planned in France. "I'm not shocked by what I encourage debate, says Professor Betrand Dautzenberg, president of the French Office for Smoking Prevention (OFT). This must be done on a company without marginalizing smokers: those who buy his paper leaves or sunbathe must also débadger. "

The OFT conducted a study in 2008 which emphasizes that smoking over 20 cigarettes a day can spend 80 minutes daily outside his office for his cigarette break time.

This study also emphasizes that the time spent on cigarettes has increased since the ban on smoking on the premises forcing employees to take the elevator and out to their business. "This type of measure denormalizes smoking, said Professor Bertrand Dautzenberg. Often, the attitude of the head is different vis-à-vis the cigarette break from his team if he is a smoker or not. This system of measurement of working time ends the convenience of the hierarchy. "

The bill for banks that have distributed toxic loans to local authorities may be salty. Claude Bartolone at war for three years against Dexia and its sister does not count because no release. PS MP who chairs the Assembly today a Commission of Inquiry on "risky financial products underwritten by local" has already federated number of public entities that have contracted loans toxic.

The President of the General Council of Seine-Saint-Denis since 2007 fought first for his department. Claude Bartolone has discovered that he had contracted in 2008, led by Communists, many loans have become toxic. Thus, a debt of 953 million euros, the joint may have to pay a premium of about $ 300 million over the next ten years because of toxic loans contracted between 1997 and 2008."The equivalent of building a school year," criticizes Claude Bartolone. "And that amount could be even higher," said the MP. In fact, some of the loans contracted by the municipality are indexed to the Swiss franc and interest rates can reach 50% depending on the evolution of the franc.

Most disturbing is that the department of Seine-Saint-Denis (93) is not alone in this. MP PS refers to "hospitals, small towns or communes, departments, ports such as port of Le Havre" and "communes of all political stripes like Saint Etienne, Rouen, Saint Maur or Saint Tropez."

According to Claude Bartolone, "the total amount of toxic loans granted to public entities be around 15 billion euros of which would be 5 billion of potential losses low interest rate personal loans."

"Banks can not not pay"

MP PS is clearly concerned the role of banks. He said "they are responsible for the explosive situation in the French subprime" where thousands of municipalities are now over-indebted. Indeed, it is satisfied that they have not fulfilled their code of ethics. "They had a duty to inform and how their customers customized uninitiated" or the quest for profit seems to have guided more banks. Thus, the President of the General Council 93 filed a complaint against Dexia, Depfa and Calyon (Credit Agricole). The court should rule in October. But even Claude Bartolone said that "banks can not avoid paying." The MP also believes that "the whole chain has failed." The state has not applied a circular on the prohibition of structured products and regulatory authorities have also failed in their duty.A helping hand of the state can not be excluded.

Otherwise, "the local authorities would be forced to raise local taxes, reduce investment and jobs." And technically if the failure of a local community is not possible, it can be put under the tutelage of the state as was the case of Angouleme, said the chosen PS.

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For employees of Speedy, the turbulence is not over. They thought that the actual sale in July, Kwik-Fit, Speedy UK parent company, Itochu in Japan ended the uncertainty born in October 2010 when the investment fund PAI Partners had announced its intention to sell the shares.

Itochu, however, was only interested in the activities of British and Dutch Kwik-Fit, and not by the French pioneer of the automotive fast, with 474 service centers and a turnover of 200 million euros. And as soon as August, the Japanese group has a mandate to sell this French branch. And things are going very fast, since according to our information, potential buyers must submit their bids on Wednesday 21 September.

Three candidates are in the running of the company, with 2500 employees. All three know the business.Jacques Le Foll plays continuity as it is the current president of Speedy. He wants to continue the strategy it has put in place when he took control of the group three years ago. With some success since Speedy returned to financial balance last year.

The second candidate also knows the house well. Gilles Chauveau's predecessor Jacques Le Foll at the head of Speedy. And he led the company for eighteen years. Its offer is supported by Butler Capital, an investment fund specializing in the mean values. The two leaders have very different personalities. And they cause internal reactions extremely trenches.

Option Green Light

Last candidate, Green Light, a direct competitor of Speedy. A reconciliation between the two companies is regularly mentioned.In 2007, Kwik-Fit had even launched a bid for the Green Light, but the fund Qualium, a subsidiary of Caisse des Depots, had finally won the day. A few months ago, tried to sell Qualium Green Light evoked the interest and some of PAI. The operation did however not made and the funds from the CDC now seems willing to invest to strengthen the position of the company.

In addition to price, the buyer will also put money in Speedy. PAI has indeed invested poorly in recent years. We must renovate the center, develop a communications policy more dynamic and intensify efforts in training. The profession is indeed changing. Historical benefits of Speedy-exhausts, brakes and shock absorbers, are declining because of their sustainable growing.The growth drivers, which already represent 60 to 65% of the activity, are to be found in more technical areas such as revising or air conditioning.

These investments must be decided and launched quickly or fall behind the competition. You should know who will be future leaders. This should go fast: Itochu is pressed and the case is expected to close before the end of the year.

Numericable goes on the offensive. The cable operator will propose on Tuesday a new offer "triple play" (Internet, TV and phone) at competitive rates of 4 per month. This provides a high-speed of 2 megabytes (box included), access to 19 television channels and DTT 4 DTT channels in high definition, and a phone line to be called or to join emergency numbers, says Jerome Yomtov, general secretary of Numericable.

In total, 10 million cable households Numericable in France are concerned, knowing that this offer has already been tested to 400,000 of them. However, an individual can not support it on its own. Since this offer is "building managers and local communities" as well as trustees for the condominiums, said Jerome Yomtov."We sign contracts with social landlords, which reflected the 4 euros on charges of their renters or we respond to invitations to tender to local authorities, which we pay in proportion to the number of inhabitants," explains Secretary General.

According to Jerome Yomtov, the use of collective subscriptions would drastically reduce costs. "We will have only one bill to send to the community or the landlord," he argues. Confident, he says the group will sign on Thursday including a contract with the municipality of Sagnieu-Colombier, in the Rhone, with 2300 inhabitants.

A round table in Bercy

However, nothing says that communities will not raise taxes to offset this cost.On this point, Jerome Yomtov was evasive, citing for example the "rail investment, for regional trains" that some of them do not pass on their constituents. But in the clear, "they do what they want," he concludes.

According to information of Paris on Tuesday, Numericable and this offer is at a round table of telecom operators and Internet service providers under the same day at Bercy. Eric Besson, Minister of Industry, they must submit an agreement setting up a social tariff of the Internet (for people touching the RSA), they are free to offer or not. Then accept the heels "operator" whose name has not yet been revealed.Still, the rate envisaged by the agreement (23 euros, 3 euros for the rental of the box) remains much higher than that of Numericable, even if the services requested by the government are more complete.

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Every day that passes, especially when it is marked on Friday by a whammy on the stock market puts a little more pressure on banks. European states will they, as in 2008, help? No definite answer exists. For those who, at the head of the state, banks and central banks have a clear idea of ​​the seriousness of the situation do not speak or hold soothing speeches to not add to the crisis to the crisis. Those who are not business more freely evoke crisis scenarios. As Ségolène Royal, who on Saturday declared shamelessly that "banks are likely to reapply using the State (…) probably in the week."

• Why would banks they need public money?

Two potential pitfalls they face. The first is the complete drying of resources: banks need to borrow in the markets to finance their activities.But the debt crisis of state in Europe increasingly discourages lenders. The foreclosure market in which victims were successively facilities Greek, Irish and Portuguese, and Spanish and Italian, now seems to win the entire euro area. While the banks are adapting, borrowing more short term, "cutting" their positions to save their cash and, finally, by obtaining new money to the European Central Bank. But these solutions are not sustainable and some European banks now find themselves in a situation of great fragility of the front of the "liquidity".

The second threat to the banks, the losses they may have to cash because of the economic slowdown and the crisis of the State debts, the most immediate threat is that of the Greek debt.According to the German press, Berlin also preparing a plan to support public financial sector, activated in case of bankruptcy of Greece.

• All banks will they need help?

It is likely that some banks will need help. The challenge will be to contain the fire. In the current climate of stress, the announcement of a rescue may create a systemic crisis, investors no longer completing lend to any institution, investors preferring to withdraw their assets. In 2008, states had implemented plans with extensive, the mass drowning in the case of banks the most vulnerable payday loan. This time, large swarm may be against-productive because it gave credence to the thesis is prepared throughout the banking sector to a major shock on sovereign debt."As if the policies were sending a signal that they do not believe in their own measures" to rescue the eurozone, fell last week the boss of Deutsche Bank, Josef Ackermann.

• What form of aid could take?

For banks in need, the ideal would be to recapitalize private funds. In late July, two Greek banks have also announced a merger made possible by a cash injection … Qatar. But, with few exceptions, European states will be well on the front line. This poses two problems. The first is financial: some countries already weakened may be difficult to bring in bank balance sheets at times equivalent to their GDP. The solution could come from the European Financial Stability Fund (EFSF). The European Agreement of 21 July – which is not yet approved by national parliaments – provided he can assume this mission.

The second issue is political: public opinion will they accept to "save" the banks again? "Only if they pay a lot more expensive that in 2008 the capital provided to them and the money they are paid," says a policy that "a justified rescue also new requirements for remuneration, renewal management and separation of activities. "

• French banks are they on the front line?

French banks, which had pretty well through the crisis of 2008-2009, are more turbulent than in 2011. Their expansion in Europe, particularly Greece and Italy, has become a weakness.They are also consuming enough liquidity in the markets for two reasons: their "universal" model makes significant players in investment banking and market structure of savings has offset it to the insurance life and mutual funds rather than bank balance sheets. To view added real or perceived weaknesses of each: a large dependence on market funding at Dexia, a reputation started and strong market positions at Societe Generale, a Greek subsidiary Crédit Agricole …

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