Not only the Bank of France there is no crisis but it has quite widely. As a firefighter service in the euro area, as part of the federal European Central Bank, of course, have stepped up its activities last year. So it is about to transfer 3.4 billion euros to the state, whose accounts need it most.

The governor of the Banque de France, Christian Noyer on Friday gave details on the occasion of presenting the results of the institution in 2011. 2.014 billion euros will be paid under the corporation tax, what to add 877 million as a dividend to the State, the sole shareholder. And best of all, it will receive 530 million euros that will correspond to the "emission cap" (sic). This expression, smelling the nineteenth century when paper money took off, means the value of franc banknotes that have not been translated into euros at February 18, 2012, the legal deadline for such an exchange in France.

Our central bank, and ultimately its shareholders, thus benefits from the negligence of the French and tourists who kept their tickets now franc convertible. They are forever lost to their owners, except for numismatists.

"More revenue but also more risk"

But its prosperity, it must above all the inconsistencies of the governments themselves unable to control their finances. The sovereign debt crisis in Europe has indeed brought under the leadership of the ECB to intervene in markets. "Our balance sheet has increased significantly" from 481 to 709,000,000,000 euros (+47%), Christian Noyer said. But these extraordinary interventions of securities purchases are made at rates of efficiency than conventional refinancing operations of the banks money. "We have more income but also higher risk, and therefore the need to build reserves." He says.

The Bank of France has decided to include an allocation of 2.065 billion euros in "fund for general banking risks and regulated provisions", which amounts to nearly 10 billion if we add reserves and capital itself. These provisions have cut gross profit of the Bank which in turn "has reached a historic high, at 5.650 billion euros, up 25% compared to 2010," according to the official.

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It was too dry in southern Europe. Particularly in Portugal, where the month of February was the driest in 80 years, and Spain. "The disturbances do not pass. (…) We are witnessing an upsurge in forest fires and streams experiencing flow rates up to 80% below normal, "noted recently The Weather Channel. "No improvement, or real return of rain is expected," worries do we, as the drought could lead to "catastrophic harvest."

Red indicates a severe drought.

The telecoms market was shaken by the arrival of Free Mobile.

LE FIGARO. – Arcep measured the network's coverage of Free Mobile, but not its actual use or quality. Why?

Jean-Ludovic SILICANI. – ARCEP has verified that Free Mobile has achieved its goal of covering 27% of the population and verify that coverage by 2015. But we did not get involved in network planning or technical choices made. However, the license provides for an appointment between ARCEP and Free Mobile in June 2012 to take stock of all commitments. And we will join the network of Free Mobile in our annual studies on service quality and network coverage that will be published in late 2012. Like the vast majority of traffic Free Mobile subscribers through the Orange network, then measure the quality of service on the network of Free Mobile, with and without the use of the Orange network.

How do you encourage them to deploy its network Free?

It is primarily his own interest. We also have several tools to ensure that Free Mobile arranges to have an effective network. By summer, we must define the price of delivering SMS received by customers Free Mobile. As a new operator, it could benefit, such as Bouygues Telecom, charges higher than those of its competitors to compensate for the handicap start. But Arcep not take into account the additional costs that might result in a strong Free use of its roaming agreement. This should provide strong incentives to deploy its network Free.

Do you think that Free has not invested enough?

Free is committed to build a network covering 75% of the population by 2015. ARCEP can deduce the rate of investment necessary to achieve that goal. And if we find, say in midcourse, that investment is not sufficient to achieve the final goal, we could launch a formal procedure for Free accelerates its spending. A mobile network costs about one billion euros. Today, Free Mobile would have spent about 130 million between 2010 and 2011. We asked its investment plan for 2012. There is no indication at this stage, the investment is insufficient.

The incidents are increasing on the network of Free Mobile. What to do?

The incidents are primarily from technical difficulties in the interconnection between the networks and Orange Free. I think both sides have underestimated both the number of subscribers and the amount of traffic through the Orange network, but also that the offers of € 2 Free Mobile would lead consumers to highlight former phones using the 2G network payday advance online. Today, nearly half of Free Mobile calls are on 2G, but it does not have such a network, customers using the Orange. If necessary, the two operators may agree to restructure their roaming agreement without the intervention of ARCEP. If they fail to agree, they can enter and we will dispose of.

The arrival of Free she too lowered prices in the mobile?

Offers low cost can be criticized when they rely on the labor underpaid, but not when they result in increased productivity or technical progress. It is Free and can have lower prices both because it opens a network with the latest equipment, but also because it has fewer overheads. Politicians can hardly complain that prices fall too heavily in the telecom and rise in energy too.

This creates there a threat to employment in the sector?

No situation can be frozen and must have an overall view of the sector. Some analysts believe the sector could lose about 5,000 to 10,000 jobs a year or two. Of a total of 150,000 this represents 3%, that is to say unless the retirements of the sector. And, at the same time, the digital ecosystem will create many jobs. The balance will surely be significantly positive.

Operators will they continue to invest?

They received ten years of an oligopolistic market in mobile where they have achieved very high margins. They were able to make investments that are no longer to do. The current rate of investment of 8 billion euros a year does not need to be increased. Build a network of fiber optic networks and several mobile broadband covering the whole area costs about 30 billion euros over 15 years, or two billion a year. Reported to the 8 billion, it is not so heavy a load it.

Some accuse you of promoting Free Mobile. Have you exceeded your role?

In December 2008, the Prime Minister has decided to award a fourth mobile phone license. When I arrived at the ARCEP, in May 2009, I had never met the leaders of the Free. I found this and I managed impartially. The Authority has done everything to ensure that other actors such as Virgin or Bolloré Telecom, were not interested. Some have thought, but not decide. It is true that there was a risk that only dared to take Free. Moreover, we knew punish Free when necessary: ​​in 2010, on its unlimited packages fixed, or last year, on the fiber. Free as We treat all other operators.

A decree and a decree signed by Xavier Bertrand were published in the Official Journal on Thursday, trying to implement a solution against excess fees the most excessive.

As expected, the Minister of Health proposes to anesthetists, surgeons and obstetricians in sector 2 (free prices) to limit their excess fees to 50% beyond the "tariff Safely." It also requires them to perform at least 30% of acts without overshoot. Nothing compulsory volunteers receive in exchange for partial support of their social contributions. In parallel, complementary health (mutual, private insurers, pension funds) are imposed the obligation to repay the overruns to keep certain tax advantages.

The device must be expanded in the coming days. Another decree to impose additional pay as overruns in other medical specialties. With one difference: the doctors involved will commit to not charge more than 20% above the tariff Safely, on acts alone techniques (imaging, minor surgery …). They can not in practice on clinical procedures and consultations.

Paradox: the device does not fully satisfied neither the doctors nor the supplemental insurers, not patients. While appreciating a "real breakthrough", the CSMF, the first organization of private practitioners, regrets that "practitioners of a sector is left out payday loans lenders." Even the tone of the union side, the Bloc, the majority among the surgical specialties. A sector physicians are those who do not have the right to introduce overshoot. They should stick to Safely rates. But Medicare itself recognizes that such rates, frozen for years because of funding, will not match the cost nor the time nor the level of expertise and legal risk of surgical procedures .

Mutuality French, meanwhile, feared windfall: many surgeons already practicing anesthetists or overruns "moderate". They could grow to the the 50% tariff beyond Social Security, and receive in addition to the lightening of their burdens. Conversely, in areas with a concentration of very large excesses (Paris, Lyon, Paca …), the Mutual fears that the track is "unattractive to practitioners" and therefore ineffective. For patients without supplemental coverage (less than 10% of the population), the problem will remain the same for them.

The solution is partial, imperfect, its success is not guaranteed. She still deserves to exist, after years of fruitless negotiations between doctors, health insurance and mutual agreements signed no tomorrow, and threats of intervention policies ever implemented.

Users are indeed more likely to make purchases from the shelf but it's mostly e-commerce, according to a survey conducted by Orange. And if they plébiscitent reading news on this screen pleasant, that finds her diary, they are not necessarily willing to pay. In the U.S., only 14% of users have an application fee information, the survey conducted in the fall by the Pew Research Center Center among 1200 users. Only 21% would be willing to pay $ 5 a month to access their preferred source of information on shelf.

In France, the time spent reading newspaper articles increased by 75% for tablet users. The tablet has changed the online consumer and has particular evening.

"63% of these same consumers prefer the traditional players in the information, having a strong brand, aggregators like Google News," according to a study by the agency Starcom and BBC.com. But only 2% of households are equipped … And it is especially the magazines that have taken their game from the start by providing copies of pay. Newspapers rely surf craze enhance their subscription offer which allows to find the newspaper on all media.

"Buy simple and painless"

In addition to revenue from advertising, some also hope to sell their content on the tablet. "People are willing to spend as long as the act of purchase is simple and painless, around € 0 my credit score.10 article," said William Multrier, which launched YouMag, an aggregator of content by topic, iPad . "The economy of the media on the net is made of small numbers." Ad rates have fallen "but the production costs of essays pure player more," Sire Cédric assumes, of Webedia. Clearly, traditional media will survive after a diet, tablets or not.

Especially as intermediaries try to capture this market. Several aggregators have joined the race. They propose a new reading experience. Flipboard, for example, appears as the contents recovered a magazine on social networks. But the media are wary of these intermediaries that undermine the unity of the mark (before they bought a newspaper and not an article or section). Moreover, "they are only useful for more widely distributed paid content. Otherwise, on the free items, they cannibalize our advertising revenue, "says does one group within the French ePresse Premium.

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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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To attract investors petrified by the crisis, managers are looking for profitable investment ideas and reassuring. Therefore, as in 2008-2009, now flourishing bond funds due.

The principle? These funds have a life fixed in advance and invest in corporate bonds they plan to keep the portfolio until the end, except in special cases (damage to the transmitter for example). Objective: To reap the coupon (interest) known from the start, they pay each year.

As a bonus, the capital is protected as the company that issued the refund obligation at maturity, at least if it has not failed.Even if the manager does not provide any formal guarantee or capital, or performance, the subscriber has a good idea of ​​what they can expect to run (he knows in advance the expected average coupon of the portfolio) if of course none of the companies whose shares have been selected not lacking instant payday loan.

Many management companies, Oddo, the French PM, Ofi AM, SPGP, EDRIM, Rothschild & Cie Gestion or Tikehau example, launched or will soon launch such funds. But sometimes very different approaches.

Edmond de Rothschild IM provides such a yield of about 5% per year for Millesima 2016. "Other funds exhibit higher returns, but with longer investment horizons.

Nokia unbeatable? The group may well see its market share erode quarter after quarter, it nevertheless remains the world leader in its sector. A position he owes much of its sales of cheap phones in emerging markets. Thus, in the third quarter, the Finns no longer had "only" 23.8% of the world with just over 105 million mobile phones sold worldwide. Good performance for a brand "dying" in the eyes of observers sometimes a little harsh with the former star of mobile telephony.

To retain his title, the Finn will still fight hard. He also put a lot on its Windows Phone, the range Lumia, marketed since November 14 in six countries including France fast cash without a hassle.

She says Windows Phone should benefit from new smartphones from Nokia. The Finn is expected to expand its range and offer new Windows Phone cheaper. It will still wait until the second half of 2012 to attend a turnaround, and it provided that Microsoft manages to attract enough developers to make its ecosystem attractive to consumers. For now, it has only 35,000 applications. One-tenth of what is available for Android.

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The new dream will all French employees in times of crisis, Airbus has awarded its 16,500 German employees a guarantee of employment until 2016, renewable by 2020 if economic conditions permit. After months of discussions that had turned sour in recent weeks with a warning strike, the European aircraft manufacturer and IG Metall, the powerful German metal union, reached an agreement on new collective agreement to take effect end of 2012.

As part of an "employment pact" Airbus has undertaken not to use any redundancies and maintain the skills of its four German plants. "We did not shut the door to this request for guarantee of employment, because of the visibility we have on our business," said Thierry Baril, HR Airbus bad credit payday loans.

The aircraft manufacturer is leading to a backlog represents more than six years of production. And Airbus has an "exit clause" to protect the company if the crisis was growing, says Thierry Baril. In return, the IG Metall agreed to increase productivity in line with expectations of Airbus, an increase of 5% net per year as against 3% today. The agreement also resolves the question of the use of temporary workers. Their share will be limited to 20% of the workforce between 2012 and 2015 and 15% between 2016 and 2020. These levels may be exceeded temporarily in case of increase in speed.

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The controllers returned to work. Having asserted their right to withdraw on Thursday afternoon and Friday morning after a àl'agression of their colleagues, the general assemblies held throughout France have all voted Friday to return to work.

Friday morning, in an interview Figaro.fr, the president of the SNCF had to call cool railway asking them to quickly resume work. After discussions with the unions in turn, management has committed to hold meetings with them to work to improve the security services. The first will be held Monday.

Traffic TGV, Corail and TER improved significantly Friday afternoon on the entire network, including 8-9 in 10 TGV from and to Paris and a TER of 2.But the return to normal really did that Saturday morning.

To find out if their train is running, users are advised to consult very Infolignes site, or call toll free (free from a landline) 0805 90 36 35.

Toll-free number and site of SNCF informationPotential always invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled may obtain a refund, or take any train leaving for the same destination without the need to exchange their ticket.

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. According to the station, all passengers stranded at the station in the evening were able to reach their destination or were assisted to find accommodation for the night.According to the Ministry of the Interior, it was not necessary to set up emergency housing plan.
Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP