Archive for the ‘life’ Category

The banking sector beating down on the Paris Bourse

Posted in life, news, online, opinions, special by admin on July 18th, 2011 | Comments Off

Pessimism still dominates the Paris Stock Exchange on Monday. After a complicated weekend, marked by a loss of almost 5% for the CAC 40, investors do not find easily morale, as evidenced by the opening of a down, 12%% to 3684.79 pooints. The London Stock Exchange also opened down 0.76% to 5799.51 points and the DAX index of the Frankfurt Stock Exchange was down 0.79% to 7162.82 points.

The Asian market has not sent a clear signal this morning. Only U.S. markets manage to stay the course despite the many warnings about agency debt. In this regard, President Barack Obama issued an ultimatum to Congress on increasing the debt ceiling while Republicans are sticking to their positions.In Europe, the problems of sovereign debt will also be central to discussions of heads of state on Thursday at a special summit meant to calm markets.

Meanwhile, next currency, the euro fell slightly against the greenback at 1.4074 dollar. Gold, meanwhile, took advantage of the nervousness of investors to assert its status as a safe haven: an ounce on Monday has risen to 1598.60 dollars, linking 11 consecutive sessions of gains. The most since July 1980.

In terms of indicators, the day will be particularly quiet with only the index of the real estate market in the United States waited for the afternoon. The rest of the week will be richer with, among others, the German ZEW index (Tuesday), the U.S. existing home sales (Wednesday), the weekly jobless across the Atlantic (Thursday) and the confidence index Business in France (Friday).

Oil markets, oil prices were without direction in morning trading Monday. A barrel of "light sweet crude" for August delivery lost 9 cents to 97.15 dollars while that of Brent North Sea crude for September delivery took 22 cents to 117.48 dollars.

Bank stocks led the largest declines

By sector, the entire banking sector unscrewed, after publication of the study undigested JPMorgan Cazenove, which assessed the need for additional capital of European institutions on the basis of more stringent capital adequacy ratio payday advance. According to JPMorgan, BNP Paribas (-2.99% to 43.92 euros), Societe Generale (-3.44% to 33.50 euros) and Credit Agricole (-2.83% to 8.24 euros) should raise 20 billion euros, one quarter of the amount to raise in Europe.This study follows the results of stress tests of the European Union that French banks have yet passed. In turn, AXA (-3.30% to 13.17 euros) and Natixis (-3.06% to 3.03 euros) drop sharply.

For beyond this study, a European project to create a tax on banks to help Greece is under consideration, according to Die Welt. It concerns all European banks, whether or not active in the Greek market.

France Telecom: -0.29% to 13.73 euros

The operator plans to launch a bid for the fourth mobile operator in the Democratic Republic of Congo, Congo-China Telecom (CTC).The terms of any agreement, still being negotiated, would provide for the redemption of 51% of CTC held by the Chinese manufacturer ZTE telecom equipment, and 49% owned by the Congolese state.

ArcelorMittal: -0.33% to 22.58 euros

The group could respond to the study of the British consulting firm Meps specializes in the steel industry that China would underestimate production. Beijing would have produced 672 million tons of steel, half of the world, against 627 million tonnes officially announced. Meps suspects including small local mills continue to run ads despite the closure due to pollution problems and productivity.

Publicis: -1.22% to 36.82 Euris

The group has obtained a syndicated multi-currency $ 1.2 billion.

As for publications, Edenred deliver its sales in the first half after market. Guyenne et Gascogne announce its second quarter earnings as Audika.

Debt: dialogue of the deaf in the United States

Posted in economic, economics, events, international, life by admin on July 16th, 2011 | Comments Off

The lack of consensus in Washington on ways to prevent a default by the U.S. Treasury in early August was still crying Friday. "We are clearly running out of time we have left. So I asked members of Congress to give me, within 24 to 36 hours, an indication of the plan that will raise the debt ceiling, "said Barack Obama. The American president has reiterated its willingness to accept adjustments in social programs, that number of elected its own camp, however, refused. But he asks the same time to give the Republicans on tax increases, or at least, on the elimination of tax loopholes, "The Republican voters are willing to (in) to accept," he said, citing recent surveys.

"We're not Greece or Portugal. We do not need to do something drastic, "said Barack Obama.The situation of the United States is indeed very different from the peripheral countries of Europe are grappling with the crisis of sovereign debt. Nevertheless: the absence of a congressional vote before August 2, the U.S. Treasury can no longer borrow as it has already reached the limit of its debt. It would be forced to stop paying some of its creditors.

"Golden Rule" Republican

Shortly before the intervention of Barack Obama, John Boehner, chairman of the House of Representatives, promised the adoption by his fellow Republicans of a "robust plan" to raise the debt ceiling to 2.4 trillion dollars. This text does not include any tax increases, cap on federal spending and also provides for the adoption of a constitutional amendment such as "golden rule" to prevent budget deficits. In other words, it is unlikely to generate a consensus in the Senate.Barack Obama has confirmed that he opposed it.

In the Senate, bipartisan negotiations, subtle and inventive, continue. The leaders of both parties hope to combine a reduction of expenditures in the order of at least 1 000 billion over ten years, raising the ceiling to be de facto delegated by Congress to the President.

The aim is to enable elected not to vote explicitly for raising the ceiling or to the tax increase. Increasing the cap would take place in three stages and maximum total amount would be 2 500 billion, just enough to allow the Treasury to pay all his debts until after the 2012 elections.

According to the proposed scheme, only two-thirds majority in both houses can block increases ceiling decided by Barack Obama. It does not say that this effort to succeed.Or that the elected House of Representatives accept the principle or detail. The installation is complicated as it may be associated with a new method of reduction in social health (Medicare) and retirement (Social Security). A bipartisan commission would draw up by the end of a list of savings to be realized.

Brazil: Carrefour retreats

Posted in life, news, online, publications, special by admin on July 14th, 2011 | Comments Off

Carrefour and its major shareholders still have progress to make to master the subtleties of samba. The merger of the Brazilian subsidiary of global distributor with the second casino, Grupo Pao de Acucar (GPA), is abandoned.

Scaffold for months in the back of its local partner Casino Abilio Diniz (President and owner of 21% of GPA), with the support of BNDES, the Brazilian equivalent of the Deposit, the project would have allowed Crossroads take control of all activities involving the two Brazilian groups. The company, known as Pao de Acucar Novo, would have made 30 billion euros in sales and held 32.3% of the local market, against 11.1% for the U.S. WalMart.

Las.Faced with fierce opposition from Casino, which supports the development of this project is contrary to the shareholders' agreement binding Abilio Diniz, BNDES announced its withdrawal on the night of Tuesday to Wednesday. While Diniz seeks private investors to substitute for Brazilian BNDES, he lost some of its political support.

This halted the project is mostly a failure for Carrefour, which had the most to gain. The group chose to take advantage of the disagreement between Diniz and Casino to join in a risky project, rather than seeing the Brazilian partner with WalMart. If successful, Carrefour could forget his many disappointments. The group is not out of a serious area of ​​turbulence in its domestic market, putting pressure on its outstanding CEO Lars Olofsson and its principal shareholders, Groupe Arnault and Colony Capital payday advance lenders.The latter, entered the capital of the retailer in March 2007, when the action was worth 53 euros, have increased the project, or attempted to bounce the stock price, which dropped by half since: sale of Brazilian and Chinese subsidiaries , public offerings of real estate branch, split Dia. In vain.

Brazil lost the battle has also cast a cruel light on the performance of Carrefour in the country, its first growth opportunities ahead of China. Abilio Diniz revealed that the operating profitability of Carrefour Brazil was 1%, seven times less than that of GPA. Casino and pointed the loss of market share of hypermarkets in Brazil, for the benefit of supermarkets and convenience stores.If its chain of wholesale stores Atacadao is a success, Carrefour, local leader, sees its hypermarkets suffer against those of Extra, a subsidiary of ABM.

Overconfidence

After 550 million of provisions recorded by Carrefour last year as a result of accounting fraud at its Brazilian subsidiary, the latter saw his image tarnished again. The withdrawal of the BNDES also shows that Carrefour had underestimated the political power relations in Brazil, or too trusted Abilio Diniz …

If new proposed combination with GPA must be submitted to the board of Carrefour in the coming months, it would still be opposed to casino, and no political support in Brazil. This time, the independent directors of Carrefour might well make their voices heard.

Wall Street gains cancels the previous day

Posted in economic, features, life, money, people by admin on July 8th, 2011 | Comments Off

The U.S. stock markets are yo-yo. After closing sharply higher Friday, Wall Street declined sharply on Friday. The Dow Jones lost 0.76% to 12,622.54 points, the Nasdaq yield 0.84% ​​to 2848.44 points and the S & P 500 0.99% to 1339.84 loose points. Thursday, Wall Street has ended sharply higher, reassured by the employment figures in the private sector.

These declines are explained by the release this Friday afternoon, disappointing numbers in employment in June that contradict the good results of the ADP survey released Thursday.The hires are in fact remained at a standstill for the second consecutive month, with only 18,000 jobs created, while the unemployment rate continued its rise, to 9.2%, according to figures released by the Department of Travail.Le report Official "is seen as a crucial gauge for assessing the short-term capacity of the world's largest economy to withstand" the signs of slowdown in the country's economic recovery, analysts explained the broker FXCM.

On the macroeconomic front, investors will also monitor the numbers of consumer credit in May (21 hours).

For his part, President Barack Obama acknowledged yesterday that the disagreement persisted with the Republicans on the budget and debt.He has given a new appointment on Sunday to elect to provide an update on the progress of talks will take place by then.

First results expected Monday half

Attention should also be strengthened by the forthcoming opening of the ball half-year results. As usual the aluminum giant Alcoa (-1.33% to 16.27 dollars) will open the show these ads on July 11 or next Monday. Generally considered a barometer of the health of the U.S. economy, the aluminum companies would announce analysts said a sharp rise in earnings in the second quarter.The rise of aluminum prices and increased demand, especially from aircraft manufacturers, accounted for much of this improvement.

On the foreign exchange market, the euro lost ground against the dollar on Friday, traders moved cautiously before the release of the official report on employment and unemployment in the United States, major indicator to assess the strength of resumption of the world's largest economy.In early afternoon in Paris the European single currency was worth 1.4323 dollars against 1.4356 dollars Thursday

The side of values, given the green light Thursday by the shareholders of the transatlantic exchange operator NYSE Euronext (-0.40% to 35.26 dollars) a merger with Deutsche Börse marks a victory for its chief executive Duncan Niederauer, who strongly defended the project since mid-February.

Always on the side of values, the U.S. pharmaceutical company Pfizer (0.10% to 20.25 dollars) is considering "strategic alternatives" including the potential sale of its animal health business and infant feeding.The animal health division of Pfizer in 2010 achieved a turnover of 3.6 billion and nutrition Pfizer $ 1.9 billion.

Moreover, after the close of Wall Street, CEO of Exco Resources (7.46% to $ 0.72) Douglas Miller has revised its bid on the company to 18.5 million in cash and a part in actions against 20.5 million in cash earlier.

For its part the News Corp. (-2.84% to 17.42 dollars) will close the British tabloid Sunday News of the World, in the heart of a wiretapping scandal.

Also note, the Taiwanese SemiLEDS (-8.06% to 5.70 dollars), listed on Wall Street has announced a loss of 5.1 million dollars, or 16 cents per share against 6 cents expected. Turnover was down to 5.6 million against 9.9 million last year and 6.3 million expected.

The exorbitant cost of cyber attacks and opaque

Posted in events, features, life, money, online by admin on July 1st, 2011 | Comments Off

The numbers are staggering. In Germany, the financial damage caused by cyber crime amounted to 61.5 million euros in 2010, according to figures released Thursday by the criminal police and the Federation of high tech Bitkom. This is equivalent to an increase of 66% over the previous year. As the United States, the FBI estimated the cost of crime to some digital $ 560 million in 2009. A world-wide, according to McAfee, cyber crime would have generated some 1000 billion in 2008, about 1.64% of world GDP for that year. Remains that, without minimizing the scale of the scourge, these figures are perplexing.

Many experts give little credence to these studies because most of them emanate from computer security specialists. For the record, other than McAfee is the world number two antivirus software.In addition, "less than 10% of companies report having experienced cyber attacks," said Jean-Paul Pinte, senior lecturer in strategic intelligence at the Catholic University of Lille. According to the specialist risk management and cyber terrorists of enterprises affected societies fear the bad publicity due to media coverage of cyber attacks.

Jean-Paul Pinte, "we know nothing of the legacy and financial losses suffered indirectly." He added: "If an attack is to relieve a company of sensitive information, loss of data will generate multiple costs, such as loss of competitiveness, or the upgrading of security."

"Hard to get a comprehensive view"

Director of the National Security Information Systems (Anssi), Patrick Pailloux abounds in this direction."When a site is the victim of an attack, he takes as an example, it is first blocked, causing a shortfall. Then we must add additional costs to set up a hotline strengthened. "And on the practices of industrial espionage initiated via the Internet," How can we measure in terms of losses that a competitor could steal ?, "asks the director of Anssi. Clearly, "it is difficult to get a comprehensive view of the problem," says he.

Despite these criticisms, these figures are held up to each event on Cybercrime. However dated, the estimated one trillion dollars of McAfee is authoritative. Last May, it appeared even in the "reminder" of the fourth Parliamentary Forum on Information Society in Geneva, on the initiative, among others, the United Nations.Trompe-l'oeil, the text quoted a source stamped Europol, the pharmacy police intergovernmental European Union, which actually refers to the numbers … the software publisher.

If governments do not hesitate to chopping these impressive figures, it is often necessary to legitimize, but costly reinforcement of their agencies against digital piracy. Or clear, make the pill easier to swallow from taxpayers. In January, the UK has estimated that cyber attacks cost him a whopping 27 billion pounds per year (32.2 billion euros) in a government study.An amount (by far) greater than the harm claimed by the United States … A few days before making public figure, London has announced the release of 650 million pounds over four years to "strengthen its cyber security "…

International cooperation in the war-horse

Without waving the national figures, France is no exception, as evidenced by the announcement of piracy Bercy in March. Patrick Pailloux it was for the state to "lead by example" to encourage companies to report piracy they wipe. The Director of Anssi said that 150 computers were then infiltrated by hackers to steal documents for the French presidency of the G20. "We were able to counter the threat," he goes on, noting that thirty experts have been mobilized for two months to "clean up" more than 130,000 positions in the Department.A communication that is timely, since Anssi plans to double its workforce (360 employees) by 2013.

Such methods may be distasteful, but experts and politicians agree: there is no time to waste on the face of digital crime. "For a long time in France, we thought that hacking and computer intrusions were not really dangerous, says Jean-Paul Pinte. But now we know that it's become a real business, and that the threat can come from anywhere: a simple USB key, hard drives or even photocopiers, which, connected to the Internet can become the target of hackers ".

Therefore, international cooperation, which requires significant resources, is "a priority," insists Patrick Pailloux. And for good reason: "90% of attacks are international," says the director of Anssi.In the columns of The Tribune, Laurent Wauquiez, Minister for European Affairs, recently recalled that a hacker "can be installed in Latvia, while in France to intervene through a Canadian site." He even considers urgent that Europe adopts "a kind of cyber-FBI-backed Europol" to stem the digital crime. And one last statistic to shoot, ensuring that "a user of thirty lost money in Europe over the last year" due to a hacker.

Businesses, prey selection

Having surveyed 45 U.S. companies in 2010, the Ponemon Institute found that on average, the financial damage caused by hackers and data theft was $ 3.8 million.Like that of McAfee, this figure is to be taken lightly, as though Ponemon shows his independence, his study was commissioned by ArcSight, a specialist in digital security. However, it appears that large groups are increasingly being targeted by hackers. Since the beginning of the year, the list of companies or institutions that have suffered cyberattacks has continued to grow. Sony has suffered more than ten attacks since mid-April, leading to theft of confidential data of more than 1 million customer accounts. Recently, Sega has had the same misfortune: the editor of the series of Sonic hedgehog found in mid-June have been stolen names, email addresses, birth dates and passwords of almost 1.3 million customers on its servers.Google or Citigroup also suffered cyber attacks.

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Madrid: important parade against crisis

Posted in economic, life, money, opinions, top news by admin on June 19th, 2011 | Comments Off

"This crisis does not pay." One month after the birth of the movement of the "outraged" that has spread throughout the country, between 35,000 and 40,000 people, according to police, marched in Madrid against austerity. The crowd came in processions from all six districts of Madrid, gathered near the parliament in the center, opposite a row of blue gates and a dozen police vans blocking the road.

"Against unemployment. Organize yourself and fight. Let us march together against unemployment and capital, "proclaimed one of the great signs. "We are not commodities in the hands of politicians and bankers," said another banner in red letters.Under the slogans, demonstrators of all ages, families with strollers, young, unemployed and retired, came to testify of the same tired response to the crisis that is strangling the Spanish company.

Unemployment and corruption

Protesters targeted the Stability Pact in the euro area and its imperatives of fiscal discipline, politicians accused of corruption and not the voice of citizens, unemployment hitting 21.29% of the workforce in Spain, almost half the age of 25.

"We must prepare for a general strike 100% free credit score. We will paralyze this country, "said a speaker at the microphone."Banks and governments that have caused this situation should be aware that we do not agree with the measures and budget cuts, we intend to be heard, and that we will," assured the flat platform calling for demonstrations across Spain.

Broad popular support

Tuesday, June 13, the "outrage" had dismantled their camp from the Puerta del Sol in Madrid, a symbol of this wave of protest. Enjoying broad popular support, they now want to consolidate their movement through the neighborhood assemblies and other occasional events.

Other demonstrations were planned in the late afternoon on Sunday, including Barcelona and Valencia, and in several foreign cities, including Paris, where nearly 450 "outraged" gathered.

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Cucumber crisis: 4.8 million loss in France

Posted in life, online, opinions, people, top news by admin on June 3rd, 2011 | Comments Off

The damage is done. Although the cucumber is more pronounced as carrier of the bacterium E. Slayer coli (EHEC), the bill is very heavy for the French vegetable growers. Consumers stay still images as well as tomato salad and a time alleged by Germany.

"Nothing in a week, we estimate our losses to 3 million euros," said Friday afternoon at Figaro Angelique Delahaye, president of Vegetables in France. She just finished consolidating losses estimated at national level by some 3,000 growers of cucumbers and tomatoes. "We're going to report these figures in the service of the Ministry of Agriculture in the context of the experts meeting in Brussels next Tuesday," she says.

Half of the losses on the production of cucumbers and half the tomatoes."We lost earlier this week a program to supply 500 600 tons of tomatoes to 1.10 euro per kilo from the German central purchasing or 550,000 to 660,000 euros less," says Pierre Diot, president of the AOP (Association producer organization) cucumbers and tomatoes, producer Mordelles, west of Rennes.

Brittany produces half of the tomatoes of the Hexagon, 30% from the Deep South and the rest of the Nantes region. "After a week of total absence of trade in vegetables, we are angry because we have no alternative but to destroy our production," said Louis Vinet representing growers Nantes, tripling affected free business cards.

Salads down 20%

However, it is too early to assess damage on sales of salad, vegetable of which the French are especially fond of this heat – they consume nearly 7 pounds per year -."The production is spread among a multitude of gardening and it is more difficult to gather the numbers," says Angelique Delahaye.

The only certainty in Rungis, Ile de France, the second producing region of the Hexagon salads, "salads sold volumes dropped 20% in a dynamic market, however, except of course the cucumbers fall of 80%," says Michel Lemelin, president of the union of wholesale fruit and vegetable market of Rungis.

In this difficult context, French producers can always relativize their misfortune by saying that the situation is worse elsewhere. Particularly in the Iberian Peninsula. The Spanish Federation of Producers exporting fruits and vegetables (FEPEX) estimated losses on Tuesday "to about 200 million euros per week" for the entire sector, citing a "domino effect" affecting other Spanish products."All fruits and vegetables were impacted by Spain. Fortunately in France strawberries, zucchini, eggplant and continue to sell, "relativize Angelique Delahaye.

To break this cycle, the European Ministers of Agriculture are scheduled to meet around 17 June in Luxembourg for a special meeting on the subject.

French growth: accelerating the pace

Posted in economics, features, finance, life, technology by admin on May 15th, 2011 | Comments Off

It's definitely good news. Growth of 2011 has started on a flying, rising 1% in the first quarter, after the tiny increase of 0.3% in the last quarter of 2010, according to figures released Friday by the INSEE. Not only is it much better than what was expected, but it is also the best quarterly performance registered by France since 2006. You almost forget that the institute of statistics at the same time, lowered the growth figures for the previous three years!

The Economy Minister, Christine Lagarde, who blew the whistle on the previous evening, was immediately welcomed this figure, which confirms "that the French economy is set on a path of robust recovery."Jean-Francois Cope, secretary general of the UMP, for his part spoke of "excellent performance".

It must be said that, as the saying goes at Bercy, all the lights earlier this year are "green" to watching a few nuances in detail. Household consumption was slightly accelerated, rising 0.6% against 0.4% over the last three months of 2010. And proof that the expenses do not only with cars and the latest gaming effects of scrapping the service consumption rebounded sharply. Business investment has, meanwhile, performed well.

Click on the thumbnail to enlarge the graphic.

The institute noted however that the balance of trade "contributes negatively again" on GDP growth (-0.4 point), but that "this is more than offset" by changes in business inventories, which contribute positively to 0.7 percentage points to growth.

Industrial production finally jumped 3.4% and `show its strongest growth over the last thirty years," Christine Lagarde welcomes. Which does not specify that this rebound in industrial production is largely due to the production of refined products, which dates back strongly for technical reasons related to the correction of consequences "of social movements at the end of last year" in refineries , said Insee.

"A little less strong"

The Minister of Economy nevertheless acknowledged "very possible" that the second quarter "a little less strong.""One swallow does not make statistical economic spring," said, in his way, the number two PS, Harlem Desir.

For even if the number of start of the year is a reflection of economic situation improves, the pace may not continue. Rising raw material, exchange rate of the euro, higher inflation that continues in the purchasing power effect of stock-cons, or international situation deteriorates … So many reasons fear a slowdown in coming months .

Bercy, however, confirmed on Friday its growth forecast for 2011 to 2%. The goal now seems achievable because over for the current year is already 1.6%.Traditionally more pessimistic, the European Commission was asked to meet on Friday too, its growth forecast for the Hexagon, 1.7% to 1.8% over the year.

2008, 2009, two years of recession

Each year in May, INSEE revised the growth of the three previous years. This time, it's a bunch down! Growth in 2010 has not reached as planned 1.5% but 1.4%. The recession of 2009 was 2.6% and not 2.5%.But it is in 2008 that the difference is most significant: adjusted downwards by 0.3 percentage points, the year does not end on a growth of 0.1% as announced, but a decline in GDP of 0, 2%, according to Insee

Moreover, the institute has recalculated the slight increase in deficit (state, social security, local) of France in 2010 to 7.1% of GDP at year end as against 7% announced earlier.

As for the debt, it was 82.3%, instead of 81.7% predicted previously to 1 591.2 billion.

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Euro Disney has good results but fragile

Posted in life, news, online, resources, world by admin on May 12th, 2011 | Comments Off

The crisis has failed to overcome the magic of the park in Marne-la-Vallee. Euro Disney revenues increased its turnover by 7.7% in the first semester (from October 2010 to March 2011) to 559.1 million euros. Despite an economic environment that remains sluggish, the visitors came more numerous than in the first half of last year. Park attendance increased by 0.4 million people (5%), reaching 6.9 million people who trod the soil of the French parks of the group. On average, each spent 43.32 euros per visit, entrance fee included, which is stable. However, hotel guests of the site have spent more on them: improving spending per room, from 6% to 200.60 euros, is one of the most significant.

With this increased activity improves the group's biannual report even if it remains in the red.Euro Disney shows an overall net loss of 99 million euros, with a net loss after minority interests of 82.9 million euros in the first half, reduced by 13% over one year. In addition, net cash available now stands at 323.7 million euros, 40.2 million euros more than the previous year.

Few concerns despite the occurrence of Easter Monday

After the accident last April 25 in one of the top attractions "Mine Train", a decrease from the coast of confidence in the Euro Disney park could have been fear. However, according to a statement of management to AFP on Tuesday, closing the "Train of mine has had no impact" on traffic on the park.

The title had also not undergone any impact after the announcement, indicating that investors did not foresee a drop in visitors following the incident.Always about the accident, Philippe Gas, the CEO of the group, told AFP that the company would "never compromise on safety."

This enthused the "sharp increase" in attendance by customers French, Belgian and British, who are its key markets.

As for prospects for the second half, high season for the group, Euro Disney is confident. At Treasury, returned after borrowing up to 46 million euros this semester, the group expects a return of 77.5 million euros during the second half.

Around 14 pm on Euro Disney's stock price was 9.35 euros, down from 1.27% in a market up 1.56%.

Fuel prices go from record to record

Posted in economy, life, money, opinions, world by admin on May 2nd, 2011 | Comments Off

The crossing record fuel prices on record. Last week, prices at the pump have again reached record levels in the hexagon, noted that Monday's Directorate General for Energy and Climate. A liter of unleaded 95 has coined 1.547 euro on average, a liter of super unleaded 98 1.585 euro. Unheard of in living memory motorist. Fortunately, the price of diesel fuel – the most consumed – has however declined slightly last week, to 1.36 euro per liter. It remains for now below its 2008 record, when it exceeded 1.45 euros.

Prices at the pump in fact suffer from a barrel of oil costing has soared since the advent of revolutions in the Middle East. The price of Brent crude in London was quoted on Monday by $ 125.9 per barrel, when it cost just $ 95 in January (+32.5%).Therefore, INSEE memo in its last publication on inflation, the cost of petroleum products surged nearly 20% in March over a year.

The 2-liter of super €

To offset these price increases that weigh heavily on household budgets, the government announced in April the increase of 4.6% flat rate mileage. A tax measure that will ease the bill for some six million taxpayers who use their cars to work, then the estimated Economy Minister Christine Lagarde. Oil companies will contribute about the financing of the new measure to 115 million euros.

Consumer associations have been skeptical, however. "This is a drop in an ocean of expectation," lamented the UFC-Que Choisir.Increased dissatisfaction with grim outlook for consumers: in an interview in Paris, Total's CEO Christophe de Margerie had clearly drawn the trend. "The Super 2 €, there is no doubt," he said. The real question is when. "

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