They are few policies with which we can talk about management. Jean-Pierre Raffarin, who before the policy has worked in marketing, communication and management, talk forever about human relationships at work. Young job seekers, future trainees … failing to have stemmed the unemployment, the former Prime Minister gives good advice on how to pass a job interview: ask the right distance, to help engage the recruiter to know you, know not to get choked by the employer too talkative, manifesting his "want to want" suggests the likes of Johny.

And Jean-Pierre Raffarin also gives an interesting perspective on the art of interviewing the wrong spot, "he talks too much and is too hasty cash advance to savings account." Raffarin knows whereof he speaks and knows well. Author of an autobiography, I will walk always affect (Flammarion), he can create a climate in an interview even if we found a little worried when we arrived. A few days before the meeting of the candidate Sarkozy Villepinte, we question the assessment of managerial policies based on criteria. He does not believe it. In politics "you are good you stay, you're bad you're leaving," but adds "the problem is that voters sometimes has a very special notice."

EU leaders breathed a sigh of relief Friday after the success of the voluntary exchange of Greek debt, 85.8% subscribed by private creditors. Within the euro area, this is Nicolas Sarkozy, who hosted the agreement with more enthusiasm. "I am pleased that we have found a solution to the Greek crisis plaguing the financial economic situation of Europe and the world for months," welcomed the French president, traveling to Nice election. "With Angela Merkel we worked day and night to find a solution," he recalled. "Today, the problem is solved, and the page of the financial crisis is beginning to turn" it was welcomed.

In Berlin, the reaction was more cautious. According to the spokesman of the government of Chancellor Angela Merkel is "encouraged" by the agreement. "It would be a big mistake to give the impression that the crisis is resolved," warned the German Minister Wolfgang Schauble Finances.Pour "an important step was taken, but we are not out of the woods."

The agreement sealed between Athens and its private creditors will erase 107 billion euros of debt, a total of 350 billion. This is a historic debt reduction. It must allow the Greek debt, which now reaches 160% of GDP, reaching 120.5% in 2020, a ratio similar to that of Italy.

"This agreement allows more to protect Europe from Greece to help that Greece itself" summarizes Jacob Kirkegaard, a researcher at Washington. Photo credits: Kostas Tsironis / Bloomberg

The German Cabinet Wednesday approved the European fiscal pact signed by EU leaders last week. But this is only the beginning of a new showdown to Angela Merkel. For the Chancellor must obtain a two thirds majority in the German Parliament to ratify the treaty, which induces a change in the fundamental law, the Constitution. And the opposition, whose votes will be required by, has already set his conditions to his joining in a letter to the government.

The Social Democrats, like the Greens, calling for the inclusion in the pact of measures to promote growth and employment, and conditions approves the introduction of a tax on financial transactions at least in the eurozone.

Was a hard blow to the Chancellor: his liberal coalition partners oppose wind at both. As for the ratification of the second aid package to Greece in February, his own most risk of it failing again. Disavowal of a new politically weaken to the point of projecting his center-right coalition on the verge of bursting.

The opposition does not hide his satisfaction. "The Chancellor is committed in a losing battle. She was eleven weeks of exciting domestic politics before it! ", Says Thomas Opperman, one of the leaders of the SPD parliamentary group in the Bundestag.

Godsend for Holland

The Bundestag must ratify the text at first reading in late May, before it is finally adopted, always in the Bundestag, three weeks later. However, the opposition did not rein as frank as it wants in negotiations. Because it can ill afford to vote no to a deal supported by an overwhelming majority of Germans thrilled to see the Germanic discipline imposed on the rest of the euro area. Moreover, early elections would focus again Merkel at the chancellery under all the polls.

Inspired by Berlin, the fiscal pact, which comes into force on 1 January 2013, commits the 25 countries of the European Union signatories (of 27) to more fiscal discipline. It generalizes the "golden rule" which requires states to balance the budget. Pillar of the new European economic governance, this text is seen as the essential counterpart to the German financial solidarity towards the most vulnerable countries.

Embarrassing for Angela Merkel, the conditions imposed by the German opposition to ratification of the treaty are a boon to Francois Hollande, who has promised to renegotiate the pact if elected president. But the rallying of the German Social Democrats stops there. The views of the French Socialists on the role of the European Central Bank continue to arouse the greatest suspicion to the SPD.

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"FILE – Crisis: the fear of debt

New stage in the case of illegal surveillance of employees and customers to Ikea in France. The former head of the French subsidiary of the manufacturer of the Swedish furniture giant and a former director of human resources have been "laid off for the duration of investigations," today announced to AFP the current director General, Stefan Vanoverbeke. The two former leaders will have to "cooperate with the authorities."

In addition, two experts from the National Commission on Informatics and Liberties (CNIL) arrived this morning at the offices of Ikea stores Paris-Nord. Came to inspect the computers and other databases, they are seeking internal documents, including letters attesting espionage practices that would prevail in Ikea France.

These practices were revealed by The Chained Duck which reported information obtained from employees and customers with information stolen from the police file Stic. Wednesday again, the satirical weekly publishes new copies of emails that show that these practices were known by several senior executives, contrary to what the management of the subsidiary. Since the publication of the charges, Ikea France has stated its commitment to "respect for privacy." As proof of his good faith, the group has made available to justice, as part of the preliminary inquiry last Thursday, its Director of Risk, Jean-Francois Paris, presented as the architect of these operations flicage.

Several controlled stores

Now, according to The Chained Duck, the "dress cut by Ikea" to the department head may be "a little wide." Several e-mails containing information to illegal recipients had the recruiting officer at headquarters, the deputy finance director, customer relations officer, the director general and human resources. Drug use by a client and is mentioned, as the lifestyle estimated too high of an employee. Monday, the news site Mediapart also published letters exchanged in 2008 between Jean-Francois Paris, Jean-Louis Baillot, the CEO of Ikea France until, in 2009, and the HR manager Claire Hery on the case part of a group suspected of abusing sick leave to stay in Morocco.

According to an inside source, "the CNIL has primarily moved this morning to see if information about the staff had been stored." Experts have also performed the same checks yesterday in another store in the Paris region.

Asked by The Chained Duck, and this morning by AFP, management has stated that it was at the beginning of its internal investigation. Meanwhile, the security manager has been suspended "to protect", and private phone. The person feels about himself "betrayed by those who, for years, urged the inquiries of all kinds," says one of his friends. North of Paris to the store, it was confirmed that the pressure on employees is permanent. This morning, break room, the publication of new mail was in every conversation.

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Sad "bonus day". Not sure that traders and bankers Monday through Societe Generale, the light step, the square of Defence. They know the day their individual bonus for 2011. And they know they will not be at the party. Both because the trend since the 2008 crisis is for restraint and because the results of the bank financing and investment fell sharply last year, even swinging into the red in the fourth quarter. Frédéric Oudéa, CEO of the bank, has already warned that the envelopes of traders' bonuses would be halved compared to the previous year.

The ritual of Friday

Same rate at BNP Paribas. Given that less than 2 billion euros in premiums had been paid last year to market operators by French banks, the overall should be around 1 billion. Like other years, French banks have cut more bonuses that JPMorgan and other Goldman Sachs. Employees of BNP Paribas have been their fate on Friday. The French leader always announces bonuses on the eve of the weekend. "It allows teams to take advantage of Saturday and Sunday to celebrate the contrary or to digest the news," suggests a veteran of the bank. Credit Agricole will follow this advice by performing the ritual on Friday.

In this case, at BNP Paribas atmosphere was dark, but not excessive because the teams were prepared for the worst. "There was less of rabies in 2011, tells a room operator markets. Last year, some had returned home just after their announcement. "This year's very bad news for these professionals used to receive a bonus big part of their annual compensation, is the proliferation of" zero bonus. "

With respect to compensation, banks have long been criticized not only the excesses but also having transformed these so-called variable premiums in almost due. Even in failure mode, it was very rare to receive no bonus. This year, according to several sources, the losses in activity rates have resulted in an upsurge of "zero bonus" at BNP Paribas. "This suggests new carts, reflects a trader. When one has no bonus is that generally has three months to prove himself … "

"It may even be less than zero!" Adds another: according to our information, in fact, BNP Paribas has had this year the right to retain the deferred compensation in case of performance-cons. Societe Generale should not escape the same trends. This year the main challenge of the bank is not so much to retain the talents of a successful social in France. Not easy to find 880 volunteers to start when it's so cold outside.

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Monosupport, MPT: what differences?

By definition, a contract monosupport has only a single carrier, called the euro bottom. This support provides the capital and a minimum annual return of around 3 to 3.5% currently. The contract MPT, of more recent design, offers a choice between the euro and other background materials to invest in stocks or real estate for example. These supports can be expected to yield higher, up to 5-7%, but they pose a risk on capital.

Comparable tax systems now

Regarding the income tax, the two contract types are taxed identically. Only the earnings are taxable. The tax rate varies by age of the contract, but on average, tax accounts for 5-8% of withdrawals.

Namely: you can choose between two methods of taxation. To make the best choice depending on your situation, check with your insurance broker.

On social security contributions (13.5%), they are paid by the insurance company each year on the bottom euro, but upon withdrawal when taken on other media.

What a life insurance contract is it better to choose?

Social charges are made each year on the bottom multichannel euro investments. Also, there is no difference between a monosupport and a multichannel fully invested in euro bottom: same performance, even taxation. If you are looking for safety of principal above all, the best life insurance is a monosupport, and annual management fees are generally lower. The contract MPT is on his side more interesting if you want to change and take advantage of market opportunities. An insurance broker will assist you in your choice but you will also find life insurance or Multi monosupport that best matches your profile.

Can we move from one contract to another?

To transform into a multichannel monosupport, simply invest all the money on its bottom euro. Skip contract monosupport a multichannel is also possible, using the Fourgous amendment, which transforms the contract while retaining its original opening date. It thus benefits from the tax advantages of life insurance after eight years. The transition from one medium to another cause of the arbitration costs ranging from 0% to 1%.  

Note: a contract is never transferable between two insurance companies.

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For what will probably be his last European summit before running for a second term as president, Nicolas Sarkozy could not escape the exercise of stock. Friday the signing of the pact of fiscal discipline, contrived with Angela Merkel, has provided him with the argument: "We're not out of the economic crisis, but we're turning the page of the financial crisis." .. ……

Garden side, the summit without chips seems to end two years of debt crisis. Greece climbs out of the rut, the other countries of the euro will provide the means to finance their debt markets through the "firewall" financial, and the common currency is based on an own last fiscal governance .

The time to relax is actually financial. The France borrows at interest rates lower and – the president is delighted – the differential with Germany was "closer to historic lows." Any risk is spread? "I will not allow myself to say. There is no 100% guarantee. We thank you is always a tragedy. " Or maybe an election

.

Side yard, however, is the looming recession and the new Spanish Prime Minister Mariano Rajoy took it upon himself to embody the danger. The ink barely dry on budget pact, he said he does not comply with the spirit: Friday Madrid has set a fiscal deficit target of 5.8% of GDP, well beyond the 4.4% for 2012 agreed with its European partners. The slippage Spanish adds to the disorder of Brussels, already shaken by the announcement Thursday of a similar drift in the Netherlands. Another crisis does not seem so far away already.

"Temptation liberal"

Regarding means of a return to growth, the European team seems equally divided paydayloans. In fiscal harmonization desired by Paris and Berlin opposes deregulation of services and labor market driven by London, with the reinforcement now in Rome and Madrid. Once again, David Cameron a "frustrated" by the Franco-German immobility had a scrap with Nicolas Sarkozy worried by the return of the "liberal temptation." The summit declaration indicates a match virtually nil. But the French president welcomed the "return to Europe," British Prime Minister, after falling out of the fiscal pact in December.

The day of reckoning is also the one to draw a roadmap for the future. Whatever the outcome of presidential elections, Nicolas Sarkozy has no plans to run for a European mandate. "From the heart not, under any circumstances, either now or later, he quips. I do not have the qualities to be an excellent President of the European Council. Herman van Rompuy is already doing. As for José Manuel Barroso, understand that I can not compare myself! "The head of the Commission will assess the scratch.

If it does not nourish ambition in Brussels, the president surely has for France and for a second term: "I still have something to do five years in Europe, 'says he told reporters. "We put in place tools. We now use the full. "Among his war-horses, he cites jumble of European defense, a true industrial policy, competition, the Mediterranean, and immigration.

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In 2012, Nexter account renew contracts with major exports. "The European markets are marked by sluggish because of difficult budget choices. But outside Europe, they are active. Equipment requirements are important in the segment of armored 20 to 30 tons where each tender involves several hundred vehicles, "said Philippe Burtin Wednesday, CEO of Nexter, the leading French land defense equipment. "We have many pending cases. We submitted 210 bids in 2011, twice more than in 2010, "he says. In Canada, where he is competing with the armored combat vehicle and infantry (VBCI) to provide 138 armored (30 optional) to the Army, Ottawa's decision is expected this summer.

Other prospects are in his sights. Nexter plans to meet next week, at the tender launched by the giant United Arab Emirates (UAE) to supply 700 armored vehicles as part of an industrial cooperation agreement hitherto unprecedented in the Middle East . The winner will create a joint venture owned 51% by Tawazun, a subsidiary of UAE sovereign fund Mubadala. She will be in charge of production and integration of vehicles on site. Since the late 2000s, the UAE say their growing desire to develop high technology industries in order to prepare the post-oil.

Local partnerships

After the aircraft maintenance and aviation-Mubadala has formed a partnership in 2008 with Airbus to manufacture composite fuselage parts in a factory in Al-Ain Abu Dhabi wants to develop its own arms industry land. "We are responding to this offer with interest and caution as this joint venture will be called upon to produce armored close to ours that were intended to be marketed in other countries in the region," Philippe Burtin develops that competes with the VBCI.

In the region, hopes to sign Nexter other equipment contracts. It finalized last week an order for 73 Aravis, a big 4X4 protected. The customer is Saudi Arabia, as confirmed by the DGA. Riyadh had already purchased one hundred Caesar self-propelled guns of 155 mm. The French group continues its offensive on the spot: he allied himself with a Saudi company to negotiate a large order for guns 105LG (Light Gunner).

Meanwhile, Nexter goes upmarket in India where he opened a subsidiary in late March. He teamed up with the Indian group Larsen & Toubro with whom he developed a new towed gun, called Trajan, Caesar's cousin somehow, to answer the call for tenders launched in January 2011 for supply gear 1500. This year, New Delhi has launched a new competition for 500 guns like Caesar. These two markets are estimated at several billion dollars. And India wants to buy 700,000 modular charges used to propel the shell to the desired distance.

Everywhere Nexter faces stiff competition with no less than 10 global players in the only segment of the VBCI. But Nexter "has changed its look and become more agile and international competitiveness," says CEO who has advanced his great project of 25% reduction of production costs of its product line.

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The state reform was one of the major projects of the quinquennium. In this reform called General Policy Review (RGPP), launched by Nicolas Sarkozy, the non-replacement of a retirement of two in the public service was the single most iconic. RGPP but is also creating employment Pole, the merger of Taxation and Treasury Bercy or the removal of small courts.

In a report released Tuesday, the OECD welcomes this approach. It considers the RGPP as "an important step in modernizing the State in France" and believes that our country is now in "a relatively privileged position" in relation to others. The international organization noted that the RGPP has a 6.4% drop in employment in the State Civil Service between 2007 and 2012 (or 150,000 job cuts), which had never happened before in the Hexagon.

Method of systematic cuts

Nevertheless, the OECD, France must go further. The process cost optimization should become permanent. The organization advocates to develop a method of systematic cuts, setting an annual goal of lower costs – staff and others – by department.

For this, the future government will have to better communicate with officials. For today, the cost reduction is not part of the culture of public service, according to the OECD. RGPP was seen as temporary. It has not attracted the membership of the employees. "There is a gap between the feeling of the effort made by the agents and the amount of the reforms on the one hand, and budget savings from the other," wrote the report.

In fact, the savings should only reach 15 billion by 2013. This is small compared to a deficit of 136.5 billion in 2010. But that is because the RGPP was limited to a restructuring of the state.

To reduce its debt, France must now carry out a review of its social policies and its tax loopholes. The OECD also asked to set up a RGPP for local communities. "The organization and governance of local government – characterized by many levels of local, a very large number of common, yet significant presence of the state and level of employment increasing rapidly – are expensive and need to be rationalized, "we read in the report. It would be clearer!

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It's not for now, but studies are underway. Club Med, which has endorsed in Mauritius a new cap of real estate by selling villas, in well go further. By offering individuals to buy either villas or apartments in cottages as in Valmorel, but simple rooms in clubs. He will earn the investors and lower budgets than today. The group examines two such projects, the first is an extension of his club in Columbus, the Bahamas, the other is a new facility in Brazil, Buzios, sometimes described as the St. Tropez of Brazil.  

New strategy

Meanwhile, the Club has decided to launch the third installment of La Plantation d'Albion (five villas with 3 and 4 bedrooms available in summer 2013 from 1 no fax needed payday loans.4 million euros) and the second installment of Valmorel ( 19 apartments of 2, 3 and 4 bedrooms from 546,000 euros excluding taxes, delivery at Christmas 2012). A strategy that fits into the new building policy group, determined not to carry all its real estate assets. The general meeting of the Club will be held March 12.

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