• For the younger

The entry into the often marks the sixth acquisition (oh expected) of the first portable. For years college required a secure package, just to protect parents against any surprises. 30 minutes to one hour per month may be sufficient communication, especially as it is to call or be called by the parents.Young people who are not yet dependent, can be satisfied with a range of sms after school (between 17 hours and 21 hours). There is no need to take Internet access at this stage.

The proposal of Figaro: SFR Square Blocked Special under 18 € 14 per month for 30 minutes of calls (one hour of calls to numbers two parents) SMS Unlimited 5:00 p.m. to 9:00 p.m.

The alternative: Package Mini Secure Universal Mobile14, € 90 per month for 40 minutes of calls (30 minutes to two issues parents) unlimited SMS to 4:00 p.m. to 9:00 p.m.

• For adolescents

The high school course involves changes in telephony. Your teen may retain a pass blocked, but more generous (1 hour or 1h30 call).It calls for unlimited SMS, including weekends, and not framed in a time slot.

The proposal of Figaro: Universal Mobile18, € 90 for 1 hour 24 h/24 appelsSMS unlimited to all opérateursSMS "apl me" unlimited to be reminded even when their credit is épuiséFull Music, Universal Music best hits of the moment Download free MP3

The alternative: Post Mobile19 € moisForfait Blocked by Loyalty 1 hour of calls sms

• For students

No more blocked packages, the grown children are now able to manage their own subscription.We spend 2 hours of calls, SMS (always) unlimited to the Internet and especially mobile music options.

The proposal of Figaro: SFR Square Connect Spotify heures34 € 2 per month, 2 hours of unlimited appelsappels 7 / 7 and 24 h/24 to three numbers to choose from all opérateursSMS illimitésInternet13 million shares of Spotify to listen to unlimited pay day loans.

The alternative: Origami Style heures36 2 € per month, 2 hours of appelsSMS, MMSWi-Fi Orange illimitésInternet and visual voicemail, e-mails (3G + speed, stuck at 500 Mb) unlimited shared with three of your friends calls, unlimited SMS between you all, a formula that provides access to premium music service Deezer

• For adults

Young adults entering the workforce want access to unlimited SMS but mobile internet and unlimited calls on evenings and weekends.

The proposal of Figaro: Bouygues Telecom Néo.4 heures34 2, € 90 per month for 2 hours of calls + unlimited calls in the evening from 9:00 p.m. to 8:00 to fixed and mobile operators all Web, e-mails, SMS and MMS unlimited 24 h/24 and 7 / 7

The alternative: Virgin Mobile Collector Divine 5 Package 2 free issues heures39, € 90 per month with 2 hours of unlimited communication moisSMS 24 h/24 and 7 / 7 to all e-mails and opérateursInternet unlimited 24 h/24 and 7 j/7L user also receives 5 numbers Unlimited calls to all operators with the Divine plan Collector

• For pro superactive

Superactive, between work and the demands of family life, it's time to move on to the iPhone to manage its e-mails, calls, locate themselves with GPS, download applications.It is best to have an iPhone plan.

The proposal of Figaro: Orange Origami Star for iPhone heures69 5 € per month for 5 hours of calls and unlimited calls from 8:00 p.m. to 8:00 and the whole weekend to all mobile and fixed numbers métropolitains3 unlimited calls to all operators 7 / 7 and 24 h/24 in calls and SMS (unlimited shared between the three of you if they are Orange customers) SMS and MMS to all opérateursInternet + e-mails (including BlackBerry) unlimited 24 h/24 and 7 j/720 unlimited TV channels (3G + speed limit in excess of 2 GB per month)

The alternative: SFR Square 5 hours € 65 Web Unlimited 20 hours to 8 hours and weekend calls to all operators or operators all five numbers and unlimited 24 h/24 and 7 j/7SMS MMSInternet, e-mails illimitéL'usage Internet and e-mail is included in the formula up to 2 GB, beyond the flow is reduced.

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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Several unions of education have questioned the electronic voting used for the first time. Besides errors "classic" in sending the professions of faith or the constitution of electoral lists – that private voting some candidates! – Bugs, especially complex and lengthy procedures have discouraged or computer agents prevented some from voting.The FSU, crumbling a bit, but still by far in the lead for Education (40.6%, double the UNSA and three times the CFDT and FOR), the judge "malfunctions" so many they constitute a "denial of social democracy." According to the CGT, "for 10% of the workforce, the conditions were not met in order to vote." Tens of thousands of voters have not received the code allowing them to vote.

Demobilization

"The elections were conducted generally without real difficulty," scans the Minister of Public Service, citing the use of "modern" and "environmentally responsible". François Sauvadet "rejects the word" failed ". Participation is also the result of the decision of each agent to vote or not. " The officers had "one week to decide," says one colleague in Education, Luc Chatel.Favor of electronic voting and … up, the CFDT and Unsa also note that if teachers are not mobilized, principals or administrative officers of Education have been more involved, as postal workers, while they also voted on the Internet. The vote for the first time, contract – which the unions have not always paid great attention – may also explain the poor performance against.

Mechanical consequence of the demobilization of troops of Education, FSU – so far the first union of all the public service of this state, but almost exclusively among teachers – see the gap is closing with its competitors low fee payday loans.It drops to 20.9% of the votes (19.1% including private school teachers under contract, for the first time integrated into the social dialogue bodies of the state).

The reformists up

His pursuers, rather than reformist protesters, progress: FOR 17.8% (16.2% with private school teachers), the UNSA with 16.7% (15.3%), with 12.6% CFDT (14.5%). Then come the CGT with 13.4% (12.8%), Partners with 6.5% (6.2%), CFE-CGC with 6.3% (5.8%) and the CFTC with 1, 6% (3.9%). FO heels and the FSU and even seems able to catch up. However, the CFTC could disappear from the list of allowed unions to negotiate and sign agreements for all the officials, failing sufficient score.

But these results should be taken with a grain of salt: more than 300 000 registered agents are still missing the call, about 2 million.Are integrated nor France Telecom nor the Department of Justice, who will vote Nov. 22. In the first case, it was always intended, in the second the vote was postponed at the last minute because they have been properly prepared.

They do not include either the results of the Ministries of Economy and Budget, who had not finished stripping, yesterday afternoon. What added a little more sense of improvisation and confusion. At some point – even among union leaders – questioned whether Bercy did not take pleasure in soap the plank at the Department of Civil Service, at the forefront of this election. In the week already, as the "flop" of participation seemed to indicate the climate was tense between 101 and 110 rue de Grenelle – seat of the Ministry of Public Service and that of the National Education.

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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.

Rating agencies cultivate secrecy around these appointments called "rating committees." The heart of their power: analysts will decide the fate of nations by voting financial, away from the public on the future of the country note. No list of participants has not been released. However, the assessment can set the tone to the market.Law and internal regulations require many investors to buy or sell some of their shares according to the decisions of the trio of major Anglo-Saxon agencies Standard & Poor's, Moody's and Fitch.

The theory and practice

At the beginning of the procedure leading to the convening of a committee must be an event that could have an impact on the rating of a country, a new government or the publication of statistics. That's the theory. In practice, agencies are not locked in their ivory towers. "The noise of the markets or the hype, the phenomena of modes outside the agency also cause internal discussions that may cause the reopening of cases," says a former senior analyst at Moody's.

To prepare for a summit meeting, the analyst in charge of the target country meets members of the tax administration.Once or twice a year in general, often in a crisis. He did not have access to more information than large investors also regularly received by the authorities. Following a strict methodology and specific to each agency, he wrote a memo and draft a proposal for the "conf call." On the day, it will have to convince between 4 and 20 of his colleagues, a figure which varies depending on the size of the country but also … each holiday, a former gliding.

One man, one vote

One man, one vote: in principle, democratic rule prevails in rating committees. In practice, less glorious. Clan wars and other struggles for influence can disrupt the debate. As in any large company. "It can heat from analysts," says Pierre Cailleteau, ex-head of sovereign ratings at Moody's, now adviser at Lazard.For example, he says, "we were very divided about Greece last year. We had some very important debates internally. "Moody's, which was the first to lower the rating of Athens in 2009, then sharply deteriorated four notches, out of season.

In case of disagreement, how to find a majority? Standard & Poor's has found the solution: the committees are always in odd numbers. Then the strict methodology of the agency under discussion. And, theoretically, the great leader is there to calm things down. "In some cases, the director may have a strong grip on the committee," says Norbert Gaillard, specialist rating agencies *. Analysts may come under pressure, admits to spell Pierre Cailleteau: "We arrived during the session to ask an analyst to reconsider its vote, given the dominant position on the committee."Moody's, the bylaws stipulates, however, to limit the pressure, the lowest in the hierarchy and a vote in the first analyst to appeal a decision.

Subjective criteria

Still, the year-end bonus are set by the Area Manager, at Moody's in particular. The criteria are multiple, subjective: the variable compensation of an analyst depends on the work of presenting and representing the firm on the outside, the frequency of updating of countries covered, or the level of the analyst. "There are good and less good," says Pierre Cailleteau, which concluded: "It is I who stood out on bonuses." Moody's says

The former analyst, who left his practice in 2008, said: "The reports became confrontational, the atmosphere would grow over the independence of opinion. This is one reason I left. "And asks: "Given the importance given to them, is it not problematic that the agencies do not communicate about the independence of their analysts?"

In the end, the committee's decision is published, with an argument, in a press release. But no mention of voting results, the agencies do not want to reveal internal divisions. We do not know if the note of the United States has been lowered with a broad consensus. Or with a voice apart.

Agencies to staff shortages

"Agencies do not have the resources corresponding to the importance of financial regulations and investors give them-and they give themselves," lamented a former Moody's. Standard & Poor's, the largest agency in the world, the Wall Street Journal has only 70 to 80 analysts, juniors and seniors, covering 126 countries.Result, "every senior analyst is responsible for an average of 6 to 10 countries, shows the former analyst. When I was at the International Monetary Fund, an economist focused exclusively on one country. "

Same thing during visits to the Ministries of Finance of the State. Former Moody's drives the point home: "At the IMF, the missions are conducted on site by five and last 15 days. Moody's, we were two, and the visit lasted two to three days. "In Fitch's rating committees collect a minimum of four analysts. At most, 20 people participated, but it is very rare. Contacted by lefigaro.fr, Moody's would not say how many senior analysts it employs.

Rating agencies could afford to recruit: profitability is very high. Moody's expects a gross margin between 38 and 40% in 2011.The past year, Fitch was more than half of revenues (58%) and the Standard & Poor's to 43% on the only first three months of 2011.

* Norbert Gaillard is the author of "The rating agencies", Éditions La Découverte, 2010

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If the folder Greek reassures the issue of sovereign debt in Europe remains. However, in Ireland, the country is on track to meet its goal of reducing the deficit for 2011, with a deficit in the first half of 10.8 billion euros, in line with forecasts, assured the Irish Minister for Finance, Michael Noonan. In addition, the goal of 34.9 billion euros in revenue in 2011 "remains doable," he said.

On Tuesday, is expected at 9:50 Markit composite PMI index.In the euro area, opn know retail in May to 11 hours while in the U.S. industrial orders in the month of May will be known 16 hours. On the currency side, the euro was down 0.42% to 1.4480 dollar.

First trading day of Dia in Spain

Carrefour. Tuesday is the first day of trading of the shares Dia, a subsidiary of Carrefour, the Madrid Stock Exchange. In addition, the shareholders of the holding Wilkes, who controls the Brazilian Grupo Pão de Açúcar (GPA) will meet on August 2 to discuss the proposed merger with Carrefour, said in a statement released Tuesday no fax pay day loans. Wilkes is controlled by Casino, current partner of GPA and fierce opponent of the approximation of the latter and its French rival Carrefour, and the family of Abilio Diniz investor.

PPR.The French group distribution and luxury becomes the majority shareholder, with 50.1% of Swiss Sowind Group (brands Girard-Perregaux and Jean Richard) to strengthen in the field of fine watchmaking. The operation will be done through a reserved capital increase of Sowind Group, which will be fully underwritten by PPR.

Yellow Pages. The group of French directories announced that he could not meet its objectives in 2011. Yellow Pages originally expected to maintain its sales and operating margin stable. The company explains that social movements, which severely disrupted his business last month, could affect its revenues to the tune of twenty million euros.

Bombardier. The Canadian manufacturer of trains should announce job cuts at its site in Derby Litchurch Lane, in Great Britain.British trade unions have called for negotiations, but the measure could actually reach 2000 posts in this factory which employs 3,000 people. Bombardier justifies this decision by the loss of a major contract in favor of Siemens in the UK.

Publicized announced a majority stake in Spillmann / Felser / Leo Burnett, one of the leading advertising agencies in Switzerland.

The agreement signed in March after lengthy negotiations in effect alters the rules of pension bonus if families "many." From 1 January next year, the increase will be only 10% whatever the number of children cared for by the frame from three. The rule still in force today is much more favorable since the pensions of executives can be increased by 8% to 24% depending on the number of children.

Cap

Adjusted parallel, the amount of increase is now capped at 1,000 euros per year. Emmanuel Grimaud consulting firm optimization retirement Maxims, asked on Europe 1 this morning, made the calculation of the shortfall.For an executive who has had four children and affects 2700 euros monthly pension, the bonus is 2000 euros per year today. With the new rules, it does affect more than 800 euro mark, that is to say 1200 euros less each year. If we relate this loss to the number of years spent in retirement, 25 years on average, the loss of purchasing power reached 27,000 euros says the expert.

Emmanuel Grimaud said that once, future retired executives must make it their calculations, especially if born before July 1951.In some cases it may be more interesting for them to liquidate their retirement before the end of the year rather than waiting for the entry into force of the new text, and this even if they have not paid all quarters necessary for the full rate.

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Christine Lagarde has just arrived on Tuesday, June 7 at Delhi where she will try to convince Indian officials that while emerging markets are booming, it is best placed to her, the European, to replace Dominique Strauss-Kahn the head of the International Monetary Fund (IMF). The French Minister of Economy, Finance and Industry will meet with Pranab Mukherjee, his counterpart of Finance and Prime Minister Manmohan Singh. It should also meet with Montek Singh Ahluwalia, Deputy Chairman of the Commission Plan. It is no coincidence. There are a few more days, Ahluwalia had been presented as a potential candidate from India. And why not, BRICS, the bloc of emerging economies that account Brazil, Russia, India, China and South Africa. Then the rumors were silenced.Officially, Montek Singh Ahluwalia would have exceeded the age limit for a candidate. In fact, Delhi has decided not to enter the race.

Paradoxically, India does not seem interested in carrying the "Battle of the IMF." "There is no shortage of leading economists, diplomats and scholars of talent that could be good candidates. And since the World Bank president has always been an American and a European director of the IMF, it would be logical to try to persuade the fund to elect now a candidate from a developing country, whose influence on the global economy is growing, "protested Anant Goenka, an economics professor.He continues: "Why this silence as China, Brazil and South Africa are on the frontlines demand a change?"

The positions are changing in India

Defeatist, India? "You can say so, but the silence of Delhi shows that Indians are particularly realistic in this matter," says BL Pandit, director of the Delhi School of Economics. It is not a democratic election, the contribution of India to the IMF's reserves is not very high, and finally, everyone here thinks that games are made and, again, the position go to a European. " He acknowledged however that "things are changing rapidly" and that growth is changing latitudes, "it might be that the leaders of the Western world are considering share positions in international forums."

At the last summit of BRICS in China last April, India had not been left to demand a reform of the Bretton Woods for emerging countries. In late May, when Dominique Strauss-Kahn had resigned, Manmohan Singh, who was visiting Addis Ababa, had stormed: "Reform of the Bretton-Woods is a priority for developing countries." He has since changed his tune. On the occasion of the visit of German Chancellor Angela Merkel in late May, the leader of the Indian government said: "A prestigious position must go to the best candidate, regardless of nationality."

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A gift for which an investigation had been opened before it was quickly closed by the money outright Blatter any accusation of corruption by the Ethics Commission. A past president quickly cleared and a final opponent suspended, the unfolding of events may leave pensive and may suggest that FIFA is the realm of small arrangements. Especially when the case comes just weeks after revelations of the British weekly Sunday Times about the allocation of World Cup 2022 in Qatar.Especially so when a vice-president of FIFA accredits these revelations by making public the contents of an email sent by Jerome Valcke, FIFA general secretary and confidant of Blatter. "For MBH (Editor's note: Mohamed Bin Hamman), I've never understood why he was entering the race. Or so he thought that one can buy FIFA as the Qataris have purchased the World Cup, "Valcke reportedly wrote in an email sent to Warner!

Blatter on the royal road
A blow to Blatter camp when the Swiss campaigned on a zero tolerance towards corruption Online payday loans.But Jerome Valcke has justified his writings stating that "it can happen to employ a less formal tone when I use this medium which by its nature, encourages exchanges" lighter "than other forms correspondence "and that" in referring to the FIFA World Cup 2022 in this e-mail, I wanted to highlight that the future host country had used its financial strength to rally much support (…) I n 'I at no time refers to the buying of votes or any behavior inconsistent with the rules of ethics. "Sepp Blatter, he is right in his boots remained Monday at a press conference in emergency to try to extinguish the many fires in the house FIFA.

"We must fight the demons, there's a bad situation, but there will be an elective congress on Wednesday and the family of football, if it wants to restore the credibility of FIFA, can do with me," Blatter said, refusing to evoke the decisions of the Commission on Ethics ("I'm not allowed to comment") and denying the existence of a crisis within the federation he heads ("football is not crisis when we see the final of the Champions League, he just some difficulty "). So everything is for the best in the best of worlds for Blatter whose reelection is no longer any doubt.Because on the eve of polling, it is unclear how the appeal of Bin Hamman, the request for postponement of the FA made on Tuesday or calls for reform from places like Australia (Editor's note: England and Australia respectively were candidates to host the World Cups 2018 and 2022), could prevent the Swiss to begin a fourth term. Starting what happens under the sign of the scandal …

However, on June 10 is also ladate deadline for returning application to succeed Dominique Strauss-Kahn as Director of the IMF, for which the Minister of Economy is among the favorites.Although she has not officially a candidate, Christine Lagarde already collects many supporters, particularly among Europeans who fear that any shift in the IMF crisis of debt on the Old Continent. And yet, the case Tapie is the main downside of the potential candidate, especially after the resignation resounding DSK, accused of attempted rape, the IMF looks anything but a new scandal.

Misdemeanor punishable by 5 years in prison and 75,000 euros fine

In April, nine Socialist deputies had asked the Attorney General of the Court of Cassation Jean-Louis Nadal to open an investigation into a speech by Christine Lagarde in the folder Tapie, who covers the resale by Adidas man Case Credit Lyonnais in 1993. Declaring himself duped by the bank, he had obtained 285 million euros of public funds in 2008.At the initiative of Christine Lagarde, the government had abandoned the legal route, where it had won on points of law to rely on private arbitration.

The public prosecutor accuses Christine Largarde have opted for private justice, but also refusing to appeal against the award, while the number of specialists are encouraged. The Prosecutor General also questioned the amounts awarded to Bernard Tapie, and the impartiality of the arbitrators.

Two weeks ago, Jean-Louis Nadal at the RGC requested an investigation.He says he "found many reasons to suspect the regularity or legality of settlement by arbitration dispute that may characterize the crime of abuse of authority", a crime punishable by five years in prison and 75,000 euros fine.

So it's the turn of this committee requests the CJR, composed of three judges of the Court of Cassation, two of the Court of Auditors and two of the State Council, to give its opinion. Maybe June 10, just after having examined the applications filed against Christine Lagarde. If it closes the case without further action, Christine Lagarde could file his candidacy at the last minute to head the IMF. But the commission may also request additional documents in order to make its decision or issue an opinion in favor of opening an investigation. In the latter case, the commission of inquiry, composed of three judges of the Court of Cassation would have before.And the chances of Christine Lagarde at the IMF seriously compromised.

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