Groups and UMP New Centre (NC) voted this draft budget called "obsolete" by the leftist opposition, who voted against.

This draft budget, the last of the five-year and the Legislature, is built on a projected growth rate of 1.75 for 2012 but the government has revised this rate downward by reducing it to 1%.

In the second part of the expenditure, the budget contains several provisions of the savings plan submitted on November 7 as the removal in late 2012 of the device "Scellier", a tax benefit for investors in new homes for rental .

Another measure of austerity November 7: the refocusing of the interest-free loan that will be reserved for new homes and means-tested.

Or a shot of "plane" of 15% and not more than 10 of the tax loopholes.

At 311.7 million euros, sales of the group recorded organic growth of 8.8%, Orpea said in a statement.

"The dynamics related to both France and abroad, including the continued rise of Belgium and Italy," said Yves Le Masne, CEO of Orpea, quoted in this release.

It says that the group confirmed "with serenity, its goal of a turnover of 1,230 million euros (27.5%) accompanied by sustained profitability" for the full year 2011 .

The least we can say is that the end of term Jean-Claude Trichet has not been easy. The French left the European Central Bank (ECB), after eight years of presidency, when the euro area is experiencing a critical step – critical? – Of its crisis. For if the Europe Agreement birth Thursday morning in pain is an important step in the short term, it does not eliminate all long-term risks of contagion from the debt crisis.

We do not worship nor hate Jean-Claude Trichet, as it is more consensual than cleaving – it boasts of never having been outvoted by the Governing Council of the ECB. We respect him.For he succeeded in making the institution of Frankfurt an economic and political front. The markets were suspended in any of his words at monthly conferences of the ECB on interest rates. And since Europe is in crisis, he took part in EU summits as well as leaders and heads of government of member states of Euroland.

The route of Jean-Claude Trichet

1942: Born in Lyon

1969-1971: ENA

1978-1981: Economic Advisor, Valerie Giscard d'Estaing

1986-1987: Director of the Office of Edouard Balladur, Minister of Finance

1987-1993: Director of Treasury

1993-2003: Governor of the Banque de France

2003-2011: President of the European Central Bank

Of the review of eight years as president of the ECB, it can be fierce independence vis-à-vis the Franco-German policies.No sooner did he take the levers of the ECB in November 2003, accusing Jacques Chirac and Gerhard Schröder to gut the Stability Pact. In 2010, he opposed the will of Nicolas Sarkozy and Angela Merkel to involve private investors in the rescue of Greece. But we remember also its renewed calls for member states to implement a real economic governance of the euro area. Not to mention his extraordinary responsiveness during the financial crisis in August 2007 first, then in October 2008, noting that the interbank market is frozen, the ECB is the first to lend banks as much liquidity as they wish.

The strong euro, the result of the fight against inflation

Two of his actions, however, are highly controversial.

German Chancellor Angela Merkel was to participate Wednesday in a crucial European summit bears the overwhelming support of the Bundestag but conditional to negotiate a strengthening of the European Relief Fund (EFSF). German MPs had to vote at midday on a "motion" filed by the government majority and the opposition, a mission order for Mrs. Merkel.

Without going into technical details, two pages of this motion pose prohibited: no way to load even more the European Central Bank, making it taste too many Germans. And not about to spend more than 211 billion euros already pledged.Before the vote, the Chancellor still had to speak before the lower house. "It will be a long day," warned the early morning spokesman Steffen Seibert, via Twitter. "We will send a strong signal for Europe", promised Wednesday to television the secretary general of the party Christian Democratic Union (CDU) Angela Merkel, Hermann Grohe.

"It is fitting that on such important issues the opposition (…) renounces the tactical game fan", it was bliss. In fact, the conservative chancellor for European affairs has a "grand coalition", which gathers around its own most conservative / liberal of the two main opposition parties SPD (Social Democrats) and Greens. The mission statement drafted by all parties, with the exception of the radical left "Die Linke", should be adopted by an overwhelming majority of 620 MPs.On 29 September already, when he acted for the Bundestag to ratify a first capacity building of EFSF, this "holy alliance" was played.

This massive vote of support will not prevent commentators to have dissenting voices in the majority, to see if Merkel was able to win without the votes of the opposition. He needs 311 votes for this account in his own camp. "Merkel needs the magic 311 votes to go heads up in Brussels," commented Wednesday Der Spiegel in its Internet edition. Otherwise, the Bundestag to hands-free Merkel to leverage the lending capacity of EFSF (440 billion), based on two options: to fund a "credit insurance" states in difficulty, and seek external funding, such as emerging markets.

Members recognize that with this strategy, "the risk of loss can be changed" they do not want to put more money on the table, but are willing to lose the already committed. This vote confirms the increasingly important role taken by the German parliament in the European political game, to the dismay of some partners in Germany. The Constitutional Court has recently strengthened the powers of the Bundestag, by requiring the green light for decisions involving public funds in support schemes in Europe.

This is not without boondoggles: Friday, the Assembly had decided to confine the discussion of the EFSF its Committee on Budgetary Affairs. Before you turn around Monday and to convene a plenary session. "We are treading unknown territory" with respect to working with the Bundestag, Merkel agreed Tuesday, trying to recall the division of roles."These are different tasks: a government that conducts international negotiations, and the concern for parliamentary support the widest possible," she said.

Acerbic, columnist of the daily Handelsblatt stated that "the government (had) not thought about the time arrangements for informing the parliament." And parliamentarians did not realize that their new power is synonymous with extra work, "he said.

Meeting in Brussels, ministers primarily responsible for preparing the ground for the Heads of State and Government in defining an acceptable range of options increased participation of the private sector to the new Greek plan on a "maximization" of fire capability fund to support the euro (EFSF) and the recapitalization of European banks.

"This afternoon, we will discuss the leverage for the rescue fund, but without committing ourselves to details," said the chairman of the Eurogroup Jean-Claude Juncker.

"We will try to present to the Heads of State and Government of a policy statement (…) We will try by next Wednesday to have as much detail as possible," he added.

The heart of negotiations on the EFSF, that Paris would be granted a banking license, allowing it to access funding from the European Central Bank to increase its capacity for action by a factor of up to five.

But Berlin refuses, however, this possibility would be to accept that the institution of Frankfurt finance the countries of the euro area, one of the dogmas explicitly excluded by the European treaties.

The other members of the euro area are also divided, Belgium and Spain having voted for a reconciliation BCE-EFSF while Slovakia and Austria have indicated that this solution was not studied.

INTERNATIONAL PRESSURE

According to several sources, Paris and Berlin are unable either to agree on the amount of the participation of banks in new bailout of Greece.

The German authorities, in particular Finance Minister Wolfgang Schäuble, insist that the envelope of 50 billion euros negotiated on July 21 is significantly revised upwards, if necessary by forcing banks to make an extra effort.

According to government sources German, Greek debt should be reduced to around 120% of its gross domestic product (GDP) against 162% today.

But again, the members of the euro area are widely divided on the different options on the table, the level of the discount to be applied to Greek bonds as well as voluntary and non-bank participation.

The count-down is initiated, however, for not only the peaks of Sunday and Wednesday but above the summit of Heads of State and Government of the G20 in Cannes in early November.

Present in Brussels, the executive director of the International Monetary Fund, Christine Lagarde, said the institution would seek to assist the Europeans to resolve the crisis.

"The IMF will do all it can to help Europe, particularly in the Eurogroup, to find solutions," she said.

Thursday night, U.S. President Barack Obama held talks on the economic situation in Europe with his French counterpart Nicolas Sarkozy, German Chancellor Angela Merkel and British Prime Minister David Cameron.

The rating agency notes that Spanish banks continue to suffer from the economic crisis over the next 15 to 18 months.

S & P has placed Spain in category 4 (cons from 3) of the scale "Bichri" (Banking Industry Country Risk Assessment), which is 1 for countries with the strongest to the weakest 10.

Among the countries in Group 4, one finds including the Czech Republic, Israel, South Korea, Mexico and Slovakia.

According to the Sunday Telegraph newspaper and television channel Sky News, up to 3,000 employees, all British, could lose their jobs.

The Sunday Telegraph said that the announcement could take place next week.

BAE has 33% of the joint venture Eurofighter, as EADS and Finmeccanica.Some 550 fighters have been ordered by the four countries involved in the project: UK, Germany, Italy and Spain.

A BAE spokesman described the articles of speculation.

"As a company, we have not officially announced.We expect when this will happen, to inform staff first, "she said.

In a statement, the group said to be in the process of "review (its) operations in various sectors of activity" to help secure future contracts.

The first UK manufacturing group attributes his difficulties to a lack of command of combat aircraft in the world.

The main union in the country, Unite, said he would seek clarification as soon as possible from BAE to determine which sites would be affected by job cuts and to call for a voluntary redundancy plan .

Introduction of competition, changes in schedules, increased work on the tracks … The coming months will be decisive for the station. To cope, the railway company decided to beef up its commercial and services. And it aims to establish a "contract of confidence" with its customers. Will this work? Give us your opinion.

Map 12-30 years

The group announced the extension of the card 12-25 years, 12-30 years is a map. From September 28 until the end of the year, SNCF pushes the age of youth.The launch on the occasion of 30 years of TGV, which will be celebrated on Saturday, allowing the station to make a real test for a possible final implementation, according to information entrusted to the AFP a source close the file. Information that the station denied this time. Only 400,000 copies of this limited edition of the card will be sold to the public.

"It is through the revealing of the SNCF," said Thierry Sarnez, managing director of the association of consumer and user CLCV. "It sets up shots, which complicate even more marketing offers. A new service is created and disappears after three months. How can the user find it," he says. "This is an interesting measure. But why be limited to 400,000 copies? Is completely discriminatory.Only those who have purchased the benefit from faster "adds Michel Pottier, president of the Avuc, association of users of railway.

The station is also in the process of setting up a system of financial compensation for passengers traveling standing or sitting in the hallway when they took a TGV overbooked.

Readability prices and schedules

Some measures will be implemented to improve the readability of hours. The controllers are equipped with such smart phones, enabling them to respond more readily to customer questions. It also strengthens its offer of support for children only from 4 to 14 who will also be open on weekends plus school holidays.

In terms of prices, the railway company also announced changes. In 2012, it can freely adjust its prices according to the attendance lines.Faced with fears of an increase in these rates, the group is adamant: "The SNCF does not seek to raise prices, and believes that such a development has no place." Two concrete measures are emerging in this context: the removal of periods 'peak' and 'normal', and the establishment of a flexible schedule. "Indeed, the station will undertake to sell a certain percentage of tickets" at a price lower than the reference rate (2nd class full fare, without giving further clarification for now.

It also wants to move towards greater clarity on prices. On the back of tickets, the website or guides, minimum and maximum prices for the same journey, will be shown, so that the client has a clearer view of pricing. "We need more transparency. This is the median price must be indicated.And why not show, for example, tariffs on screens in stations, "asks Thierry Sarnez." Today, the person who wants to travel by train never know what it will pay, "laments Michael Pottier.

According to AFP, the station also plans to limit the number of different rates for the same journey. "It would be perfect. According to one of our surveys, it happens that prices are 20 for the same car. This abnormal" deplores the managing director of CLCV.

A revolution schedules

These efforts at transparency are even more pressing that the group is preparing for a revolution of his times. Over 80% of them should change. "It's an upheaval as great as the changeover to the euro," said Guillaume Pepy SNCF president at a recent seminar. And he added that "it never happened" to change so many times at once.Indeed, on average, only 30% are changed in one go.

"The SNCF has ensured, in this context forced the new organization, to provide the best possible offer to customers." provide a statement. The group intends to propose a "more robust, and limiting delays. On the TGV, it promises many places during peak hours to 9-10 hours on arrival at Paris, and from 17h in the evening , opportunities to combine its travel, the day or half day of opening hours on weekends, or an improvement of connections between TGV and TER.

SNCF jusitife this "revolution" with the launch of the Paris-Rhin-Rhone (which in turn has implications for other lines), or the multitude of planned work on the network. "There's four years of work with high-dose mile modernization projects each year," said Mr.Pepy, who had already called for "understanding and patience" of users and the "general interest".

But the schedule change also reflects the timing of development, the principle is to operate trains on the same line at regular hours. For example every hour or every two hours, the same trains serving the same stops succeed in a given station at regular time intervals. SNCF wants to spend the percentage of train subject to this requirement from 8 to 16%.

Of long distance bus station to the study

Finally, the station has not only eyes fixed on the rail. The group could in fact engage in passenger transport by bus over long distances to compete with Eurolines, which opened this summer selling his first six interregional links in France. According to Thierry Sarnez, it would be "an admission of failure.SNCF admit that its own trains are not competitive. It begins with a few bus lines … Then it can develop. "However, Mr Pepy ensure that rail remains the 'backbone' of the group."

In a report released Wednesday, the new Budget Control Committee of Greece, composed of independent analysts, said that "a significant increase in the debt, leaving a large deficit and a deep recession have pushed to the extreme dynamics debt which is now out of control. "

"These developments seem to largely offset the positive impact" of the latest bailout of the European Union amounting to 159 billion euros agreed last month, the commission said in its report published excerpts of which are by the agency semi-state Athens News Agency.Alarmist conclusions that place the Greek government in an awkward position vis-à-vis its creditors EU and IMF. They are involved because the week that Athens is negotiating hard with the Troika of its creditors for payment of the sixth tranche of the loan.

Impatient partners to the very slow implementation of structural reforms and socially unpopular, especially in the labor market, which they consider necessary for the country inflates its coffers while finding growth. More generally, they are alarmed to see that the Greek government deficits are amplified rather than backward.

The Greek finance minister, Evangelos Venizelos, has done everything to discredit the report by comparing it to a gaffe."It is clear that the Office", whose mission is to inform the relevant parliamentary committees, "has neither the knowledge nor the experience nor the responsibility" required, he said

Still, the government is forced to a large gap more and more complicated, because the measures requested by the Troika feed the recession worsens. Evangelos Venizelos has acknowledged last week that gross domestic product expected to have fallen more than 4.5% in 2011 against 3.5% originally planned.

And the public deficit – the source of all evils in the country – already stands at 14.69 billion euros in the first half of 2011, a target of 16.68 billion for the whole year.

In an attempt to fill part of the hole, including the authorities decided to increase from 10 points on Thursday of VAT on catering, from 13 to 23%, as unpopular in a country for tourism. A host of other measures are also on track, but no results are yet ringing and stumbling measurable in macroeconomic terms.

During the summer, some new problems were added, after the extraordinary EU summit on 21 July, which decided last minute a new plan to help the country involving states with hundreds of private banks.

Among the main, is the reluctance of some countries such as Finland, fueled by the rise of nationalism, hand to hand to the portfolio in Greece, if it did not "guarantee" of repayment.

The leaders of the euro area have given a rescue plan of 109 billion euros in July in Greece to avoid bankruptcy in the country. The private sector has also advanced 50 billion euros.