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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.

Under no fax paydayloans, an applicant can apply for any amount between $100 and $1500, considering the importance of the ends.

Growth in sales is still there but the results will not be the expected level. The leaders of Schneider Electric have reviewed the prospects for the results of the full year 2011 on the occasion of the publication of revenue for the third quarter.

They now expect a margin of EBITDA (EBIT) of 14%, against a forecast in mid-year by 15% and a range of 15 to 15.5% at beginning of year.

This revision does not seem to be the first manifestation of the economic slowdown now widely anticipated but slow to materialize in company accounts.

Indeed, sales are, themselves, adhere to the expectations of Schneider Electric.Third-quarter sales and shows a growth of 7.7% excluding acquisitions and currency effects, to 5.7 billion euros.

Emerging markets continue to show strong momentum. The Asia-Pacific region recorded an increase of 15% of its billings. Elements that have allowed management to assert that the goal of organic growth of between 6% and 9% will be "easily" achieved.

An acceleration of planned restructuring

The group advanced three main causes for this new downward revision of prospects for margin. After the rise of raw materials in the first half, he now finds inflationary pressure on production costs in emerging countries.

Second, the growth of the business now comes from a strong software business, less than Quiet electrical equipment.This is what we call a "product mix" unfavorable.

Final point to address the lack of visibility of the economic environment, the group will speed up restructuring, which will have first a negative effect on margins.

Schneider Electric is sanctioned in stock

The announcement was heavily punished the stock market, Schneider Electric yielding the title more than 7.6% in mid-session in Paris. Probably a reaction against the excessive elements announced, but due to "the economic outlook in the short term that are clearly more negative influence on the future growth of the group," according to analysts at CM-CIC Securities in a note published this morning.

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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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After completing the previous session on a positive note, the U.S. stock markets have once again closed up on Tuesday. The Dow Jones climbed 1.33% to 11,190.70 points and the Nasdaq 1.20% to 2546.83 points, investors welcoming the wishes expressed Europeans out of the debt crisis.

Since the beginning of the week, investors in Europe and the United States, is won over by a wave of optimism about the outcome of the crisis of sovereign debt. "The beginning of the week is placed under the sign of hope. Investors have decided to give credit to European policy makers and international willingness to find ways to resolve the sovereign debt crisis, "economists observe in Paris broker Aurel BGC. There are "high hopes that one is engaged in the right direction towards resolving the debt crisis in Europe," say experts on their side LBBW.Other analysts, however, want to caution. The strategists of the Crédit Mutuel-CIC believe that "the improvement should not last as rumors seem exaggerated. The expansion of EFSF does not solve the structural problems in Europe, while the challenge is there. "

The spokesperson of European Commissioner for Economic Affairs Olli Rehn, Europe is considering strengthening the capacity of the European support fund for countries in trouble (EFSF). Rumors press also reported a proposed quadrupling of the Fund's lending capacity to 2000 billion euros. In turn, an official of the ECB, the Austrian Ewald Nowotny, did not rule out declines in interest rates in the euro area.But soon, the German Finance Minister Wolfgang Schäuble assured that Europeans had "no intention of bailing out" the EFSF.

Political leaders are still clearly divided on the responses to the debt crisis, while discussions on the payment of a new international loan to Greece, vital to enable it to avoid bankruptcy dragged on. At the same time discontent rises and Athens was again paralyzed Tuesday by a wave of strikes in public transport.

Oil opened up in New York

The euro was weakening on Tuesday to below $ 1.35. Mileu in the day, the euro stood at 1.3496 dollars, against 1.3523 dollars late Monday.He had fallen in session Monday to 1.3363 dollars, its lowest level since mid-January, prior to recover.

As for commodities, gold has recovered slightly this morning at 1640 dollars an ounce after declining over the last three sessions. Oil evolved soaring Tuesday at the opening in New York, driven by renewed optimism for the determination of the Europeans to resolve the debt crisis in the eurozone. On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for November delivery traded at 82 high risk personal loans.64 dollars, up by $ 2.40 at the close on Monday night.

Good news also on the macroeconomic front, the sector still under close supervision of real estate. House prices in the United States remained stable in July compared with June, according to Case-Shiller survey released Tuesday by Standard and Poor's.The study, however, that over-year, declining home prices for sale widened in July to 4.1%, down less pronounced than the analysts thought.

As for values ​​to be followed on Tuesday:

As for values, Goldman Sachs (2.92% to 101.78 dollars) will intensify its restructuring efforts, after a disastrous third quarter, which could be one of the worst ever recorded by the U.S. investment bank since its IPO 12 years ago, says the New York Times.Goldman Sachs will be 1.2 billion to $ 1.45 billion savings goal of operation by mid-2012, the paper said on its website, citing unnamed people familiar with the matter.

The mysterious tablet that the online retailer Amazon.com (-0.74% to 228.11 dollars) could present Wednesday promises to be a star among the products' high-tech "of the season, even the Seattle group has not yet revealed.Amazon Wednesday invited reporters to an event which he kept secret the subject, organized in a video production and music in Hell's Kitchen neighborhood of Manhattan.

Motorola Solutions (1.20% to 42.30 dollars) would be within the scope of an investigation by U.S. authorities, according to the Wall Street Journal, concerning a possible corruption in the course of its business in Europe.

The Anglo-Australian mining giant Rio Tinto (0.93% to 46.53 dollars), listed on Wall Street, announced Tuesday it had increased to 49% its stake in Canada's Ivanhoe Mines, the upper limit is included in a agreement between the two groups that intend to operate an entire mine copper and gold in Mongolia.

ONEOK (2.64% to 67.22 dollars) announced expect to achieve a net profit of between 355 and 400 million in 2012, against 325 to 345,000,000 dollars in 2011.For its part, ONEOK Partners expects a net 740 to $ 800 million for the year 2012 against 630 to 660,000,000 for the year 2011, while natural gas volumes processed are expected to increase more than expected.

Also note, Standard & Poor's is within the scope of an investigation by the SEC, the U.S. stock market regulator, who questioned its rating of an issue of structured securities in 2007 just before the market collapse real estate, announced its parent company McGraw-Hill.

In this eventful weekend, the CAC 40 is expected to rebound on Friday. The benchmark index of the Paris Stock Exchange is expected up 1.5% as planned, after a tumble 5.25% on Thursday at 2781.68 points. Mobilization and call for unity of the G20 (which is to meet at 14 am today) should reassure markets. While Friday morning, Asian stock markets were still sharply lower.

To deal with the stock market crash, the finance ministers and central bankers of the twenty first world economies have pledged to provide "a strong and coordinated international response" to the crisis at a meeting in Washington. In a joint statement, they agreed to ensure that "banks have adequate capital," after the plunge in recent days of European banking stocks, undermined by fears of debt crisis in the euro area .In fire, central banks have promised to make "the necessary liquidity" to financial institutions.

In addition, large emerging group of Brics Thursday said they were "determined to accelerate structural reforms to sustain strong growth" in a joint statement after a meeting in Washington.Brazil, Russia, India, China and South Africa are therefore considering "if necessary, to provide support through the IMF or other international financial institutions, to address the current challenges to the stability financial crisis, according to the circumstances of each country. "

Meanwhile, in response to a request by the G20 in September addressed to Nicolas Sarkozy, the euro zone countries have pledged to implement "necessary measures to increase the flexibility of the European Financial Stability Fund (EFSF)" to prevent contagion from the crisis in Greece. Yesterday, the possibility of a defect in Athens, though long ruled by EU leaders, was raised by Klaas Knot, Member of the Board of Governors of the European Central Bank (ECB). "This is one of the scenarios," he told the Dutch newspaper Het Financieele Dagblad.He added having "long been convinced that the collapse was not inevitable. But the news from Athens, at times, are not encouraging. "

The specter of a recession is not écartéToutefois, the specter of a global recession has not yet ruled out after the ads pessimistic U.S. Federal Reserve (Fed), which held that the U.S. economic recovery was "slow "and threatened by" high risk ". Wednesday she has decided to sell by the end of June 2012 for $ 400 billion of treasury bills and to purchase for the same amount with a longer maturity paperless payday loans. But the fact that it favors measures to monetary easing, a depressed market on Thursday, who sees as a sign of impotence.

On the macroeconomic front, France, the monthly business survey by INSEE household, industrial, construction, retail trade, car repairs and services for the month of September include expected. And the index of business climate and economic downturn for the same period.

On the foreign exchange market, the euro appears in small increase compared to the U.S. dollar: it rose on Friday morning from 0.42% to 1.351 dollar. Oil prices also went up, investors sniffing deals after the significant losses suffered by the crude in recent days.Within the scope of a tumble of more than $ 5 Thursday, a barrel of "light sweet crude" for delivery in November clinching 53 cents in early electronic trading at 81.04 dollars, a barrel of Brent North Sea crude for November delivery gained 71 cents to 106.20 dollars. "Oil rises due to bargain hunting and redemptions of coverage after several sessions of decline," said Ker Chung Yang, analyst at commodity Phillip Futures in Singapore.

Values ​​to follow

• Banks

The European Banking Authority (EBA) said Thursday there were no plans to force a number of European banks to raise capital more quickly than expected and that the original schedule established at the time of stress tests was valid.According to information published by the Financial Times, European leaders would be willing to accelerate plans to recapitalize banks 16 which narrowly failed to stress test this summer.

• GDF-Suez

There will be no increase in gas prices for individuals to October 1 but enterprises will experience a rate increase of 4.9%, announced Thursday a spokesman for the French Ministry of Industry and the Energy.

• EADS

Airbus, a subsidiary of the European giant, is ready to help customers who are in need of funding due to the debt crisis in Europe and expects a good year in 2011 despite the crisis, said its president Thomas Enders in our columns.

• Groupama

Under the threat of lowering its rating by Standard & Poor's, the company says it wants to save 300 million euros over 2012-2013, we read in Les Echos.

• Technicolor

The group said confirming its forecast for fiscal 2011 the group announced Thursday night, after falling nearly 15% of its share price. It also confirms the intention of France Telecom to give up his development project with a group of next-generation decoder.

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.

After a third round of chained up on Thursday, the CAC 40 is hesitant. In this Friday called "the four witches' mature futures in the U.S., which always increases volatility.

After opening up 1.21%, the benchmark index of the Paris Bourse is pressed into the red in the morning before showing a slight increase of 0.54% to 3062.14 points. Sign that markets are not completely reassured by the decision of the central bankers of the richest countries to mobilize to prevent the drying up of banks' liquidity in dollars. "There is no particular news. The market is perhaps a little profit after rising in recent days, "says Dov Adjedj, vendor shares at Aurel BGC.

In turn, other European financial centers are currently in the green: the Footsie-100 from the London Stock Exchange rose 0.84% ​​to 5382.27 points, the Dax in Frankfurt in 5570 to 1.14% , 82 points, but the Madrid Ibex-35 yields 0.17% at 8323.7 points while the FTSE Milan Mib rose 0.82% to 14,763.22 points.

Thursday night, the European Central Bank (ECB), the U.S. Federal Reserve, the Bank of England, Swiss National Bank and the Bank of Japan reopened their facilities dollar loans to European institutions to three months, at their request . The decision was hailed by leading international institutions including the IMF, through its President Christine Lagarde: "This is a clear indication from the two largest euro area members of a economic point of view that Future of Greece is truly in the euro area.This appears to be strongly rooted in them both, "she said Thursday, referring to the Franco-German tandem. The same applies to the ECB: "We are all very closely 'united in one purpose,'" said Thursday Jean-Claude Trichet, president of the ECB.

A meeting of finance ministers in Poland

Still, brokers are concerned that this improvement was not part of the time. "The coordinated central bank takes the market on Friday," noted Toshiyuki Kanayama, broker at Monex, quoted by Dow Jones Newswires. But this does not solve the problem of the euro area should have a temporary effect. "And for him to echo, the Austrian Minister of Finance, Maria Fekter, has not ruled on Friday that a failure of Greece is a better alternative to a bailout too expensive."We should consider this alternative," she started.

Suddenly, all eyes have turned to Wroclaw in Poland, where there is a meeting of EU finance ministers on Greece. It should last two days and overcome the remaining obstacles to the implementation of the second aid plan in Athens decided July 21 to avoid a bankruptcy of the country. Note that Timothy Geithneir, the U.S. Treasury Secretary, will attend the round table. Two press conferences are scheduled this Friday at 24:00 and 17:30.

On the foreign exchange market, the euro bought 1.3798 dollars, down 0.61%. Similarly, oil prices down slightly popped, a barrel of "light sweet crude" earned 5 cents to 89.33 dollars."This liquidity will likely prevent the recession to hit the euro area, supporting crude oil prices," said Victoire Shum, an analyst at Purvin and Gertz in Singapore.

On the macroeconomic front, the euro area recorded an external trade surplus 4.3 billion euros in July against 4.7 billion a year earlier, according to first estimates released Friday by the EU statistics office Eurostat .

In France, business start-ups in France rebounded in August after two months of decline. A total of 41,697 companies were created last month, according to Insee, a figure up 7.5% from July, which was the worst month for a year and a half.

In Germany, German Chancellor Angela Merkel said today that German GDP growth would be "closer to 3% than 2.5%" this year.This statement comes as concerns about the impact of cooling of the global economy on the German economy, heavily dependent on exports, are more vivid.

United States, the net capital flows and the index of consumer confidence from the University of Michigan will be published early in the afternoon.

Values ​​to follow

Banking

After the decision by central banks to help European banks, the banks were moving in a disorganized mid-session: Societe Generale (2.40% to 18.77 euros), Credit Agricole (-0.05% to 5 , 52 euros) and BNP Paribas (-1.61% to 30.01 euros)

Air France-KLM (1.39% to 6.14 euros) and EADS (-0.88 to 22.06 euros)

The manufacturer will control 50 devices equally between European manufacturers Airbus and Boeing, for a total of $ 11.3 billion (8.1 billion euros) to ensure the renewal of its fleet, say Les Echos to be published Friday.

Hermes (-7.10% to 249.25 euros)

Resumption of trading on Friday for the title of the luxury group, which was suspended the day pending the decision of the Court of Appeal in Paris on speculation about the fate of its capital due to a possible takeover bid by LVMH.

Areva (-1.62% to 20.66 euros)

The group has suspended two months for the production of two French factories processing of uranium due to the decline in demand for nuclear power plants in Japan after the disaster in Fukushima, officials said Thursday from the French nuclear group.

EDF (3.34% to 21.33 euros)

Group and Electrical Delmi A2A and its majority shareholder, who jointly control Edison, announced the extension of their shareholder agreement until October 31 at number two in the Italian electricity.

Among the statistics expected Monday in Wall Street, the surprise came from consumer spending. The Americans have in fact spent more than expected in July. Up 0.8% on month, consumer spending across the Atlantic more than 0.3 percentage points the level expected by analysts. Because of inflation, which rose 0.4% from June, consumer spending rose 0.5% in real terms. Their progress is the highest since December 2009.

This increase serves as a good sign for U.S. growth in the third quarter. What mood enhancing buyer investors, who already showed optimism prior to publication. At the opening of the session on Monday in New York, the indices showed the green, and have strengthened their gains throughout the day.At the final bell, the Dow Jones advance of 2.26% at 11,539 points, the Nasdaq and Standard & Poor's 500 rising 3.32% respectively in 2562 and 2.83% points to 1210 points, the latter going over the bar of 1200 points, a first for two weeks.

The indices remained in the green while the IMF has revised down sharply its growth forecast for the U.S. this year and next, said Monday the Italian news agency Ansa, quoting a draft of the new economic forecasts Fund. According to the Italian agency, the IMF table than on a 1.6% growth this year in the United States, against a previous forecast of 2.5% published in June, and 2% next year against two , 7%.

Also, note that the promises of home sales fell 1.3% in July compared with June, as the market expected, according to figures released by the National Association of Realtors.They increased by 2.4% in June Over one year are up 14.4%.

The final impact less severe than expected from Hurricane Irene passed over New York yesterday, also contributes to investor optimism. Similarly, after being confused by the speech of Ben Bernanke, the Fed chairman, on Friday, market participants regain hope in a possible intervention by the Fed.

The Dow Jones above 11,000 points

According to analysts at Aurel BGC in fact, the announcement by Ben Bernanke, a two-day meeting in September to study in detail the possible deployment of new monetary tools, reassured. "Either the recovery of economic activity is growing, or the central bank will implement new support measures, they summarize.Under these conditions, the U.S. indices rebounded sharply after Bernanke's speech. "

In fact, dropped below the 11,000 points while the Fed chairman began to speak, the Dow finished at 11 284.5, up 1.2% on Friday night. A final increase, which encouraged European stock markets bounce back on Monday morning, except in London, closed due to holiday.

Another indicator which will be followed on Monday, the promises of home sales for July are expected down 0.1% from a consensus of analysts, against 2.4% rise previously.

The bank remained in the spotlight

No major publication is out of business side.

In May 2010, McDonald's France was a sensation with a TV spot in which a teenager going on a phone call to her boyfriend before having lunch with his father, who explains that, as he did at that age, it could be a 'real card with the babes. " Advertising has been around the world. In the original French with subtitles in English, it even triggered a controversy in the United States. The conservative Fox News channel has even made a field day. Sacrilege: great American brand in the gay friendly side!

In this spot, designed by BETC Euro RSCG, is not known if the son ends up coming out to her.But the statement by McDonald's, which has declined in all genres, is very clear that you're straight or gay, black or white, young or old, rich or poor, we do not judge, "just like you are. "

Before, we criticized the pub not to be representative of "visible minorities", not to be sufficiently "black-blanc-beur". Today, the debate has shifted to the "non-visible minorities" and still gets carried away on the issues of communalism, which are still taboo in France.

10% of "non-white"

The proportion of ads depicting characters perceived as "non-white" compared to the total advertising (TV, press and poster) distributed and reviewed by the Regulatory Authority's professional advertising (ARPP) reached 7% in 2008 against 3% in 2005, and this share has increased further since then, around 10%."Racial minorities are now represented quite rightly, said Ingrid Zerbib, image editor for the magazine Strategies, who viewed all the ads that come out in France. The next step is in progress. Homosexuals, the disabled and the sick are increasingly visible. "

McDonald's campaign has been emulated. Krys posted Orangina or gays in their pubs. Personalities with disabilities such as Down syndrome Pascal Duquenne for the virtual mobile operator Simyo, or the blind Gilbert Montagne, for heating specialist camera, turned in spots. Diseases are also commonplace."You can be sick without stigma," said Anne Ramon, communications director of the National Cancer Institute (INCA), the last campaign "I am a person, not a cancer," conducted by the agency La Chose , seeks to change social perceptions of one of the most widespread diseases in France.

In another, more commonplace, but also an affirmation of reality: that of the Community consumption, with the campaign launched last year by the brand halal Isla Delight "Proudly halal." On the occasion of Ramadan, for the first time in France, the brand was as diverse a reference food, free of any cliché. "This campaign is a marker, decrypts the marketing consultant Jean-Jacques Urvoy.The brand was treated as the French leader Charal. "On a halal market estimated at over 5 billion euros – and therefore highly competitive – the whole trick of the ad was to challenge the EU labeling, while displaying a rooster and a Charolais beef! A war of images in a way.

Marine Le Pen responded first by issuing a press release immediately after the press conference of Nicolas Sarkozy and Angela Merkel. For the president of the National Front, the Franco-German summit had one objective: "to organize the sharing of the burden of debt" in deciding "how much further tens of billions of euros in France and Germany will contribute to bail out countries hit by the euro. " "It's irresponsible," she said, denouncing the "ideation" Sarkozy's "rush to the euro area as federalism." The president of FN requires a "top of the eurozone finally useful for people" to "take note of the end of the euro".

Jean-Luc Mélenchon, chairman of the Left Party, also expressed his disapproval."Instead of concrete measures to protect the people of the assault Markets, Nicolas Sarkozy and Angela Merkel persist without imagination, to comply with the requirements of finance," said the former senator.

On the contrary, Jean-Francois Cope, secretary general of the UMP, was "glad" that Sarkozy and Merkel have "reiterated the importance of adopting a" golden rule "on the whole budget Member States of the euro area ".

I-TV, Martine Aubry denounced the "smoking out of communication" by Nicolas Sarkozy on the "golden rule" that France and Germany proposed to be entered in the constitutions of 17 countries in the euro area. It is "a vague rule that does not solve anything," said the Socialist candidate in the primary by confirming that the PS did not vote when the Congress was convened."The president has made reforms that are financed and saddled deficits," said Aubry.

Unusually, the side of the Rue de Solferino issued a statement co-signed by Harlem Désir, near Martine Aubry and Michel Sapin, close to François Hollande. Together, they denounced "a summit of the powerless." "Unable to propose an ambitious joint response against speculation and recession, the Conservatives do not know French and German co-ordinate the restraint they impose on the peoples of Europe," say the two socialist, criticizing the ads "waves" on Tax on financial transactions no fax payday loans.

Asked on Europe 1 on Wednesday morning, François Hollande regretted his part that France has given up on the issue of eurobonds in the meeting between Nicolas Sarkozy and Angela Merkel on Tuesday.The member for Corrèze, Nicolas Sarkozy has given on this point against Angela Merkel, Germany is opposed to this economic instrument. "Nicolas Sarkozy has lost his hat" on this issue, he said. "We have a head, but he (Nicolas Sarkozy) has no arms."

Former Minister of Economy and Finance Laurent Fabius is "disappointed" by the end of the Franco-German summit. "The president has set on the Eurobonds. This is a major fault to be a serious consequence," the socialist RTL. "If the goal was to show that there is a pilot in the plane is missing," said he. "The French are not fools. Nicolas Sarkozy deficit record holder but he wants to impose the golden rule after 2012. It's like saying that the arsonist wanted to be fire chief." "What is lacking also in yesterday's meeting is a support for growth.We must not only manage budgets seriously, "he said.

As the president of the Radical Party, Jean-Louis Borloo, he "welcomes the Franco-German joint decision to set up as soon as possible" this tax. He saw a "critical point" in recalling that he had sent Monday to Angela Merkel an open letter calling for its introduction.

If Marielle de Sarnez, Vice President of the Democratic Movement, said that the proposals of France and Germany will "in the right direction," it remains "cautious as accumulated, over time, statements and announcements on these major issues. " She adds that "it will not solve the problems of France who value their continued economic weakness and concern. It's good on this front where the battles will engage key. "