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It is late. But, for once, it's not his fault. Whereas in Berlin Tuesday to 18 h 30, Francois Hollande has landed 45 to 19 h. Struck by lightning, the presidential plane was forced to return to land at Villacoublay.

As he arrives on the doorstep of the Chancellery, Angela Merkel is there to greet him. They exchange a handshake. No hug, as did Nicolas Sarkozy in 2007, destabilizing his interlocutor. A little stiff, President novice discovers the protocol: a hand gesture, the Chancellor guide when passing in review the troops. It seeks its mark next to it and lack of hustle on the red carpet.

Just invested as president, Francois Hollande, like its predecessor five years ago, was keen to stress the symbolic importance and challenge of the Franco-German dedicated to Angela Merkel's first visit as head of state. "I did not know her, even if his reputation had long since crossed the border," he said after a meeting of more than an hour before a working dinner.

The Chancellor had not wanted to meet the Socialist candidate in the campaign to mark its defiance vis-à-vis the renegotiation of the budgetary stability pact. The subject was included in the course of the game menu. "I said in the campaign, I repeat again today, I wanted to renegotiate the treaty to include a dimension of growth", said Francois Hollande.

Before his election, he threatened not to ratify the text if it was not amended to include a revival of European growth. Tuesday, he paved the way for a compromise: "The method that we have agreed is to put all ideas, all proposals on the table and then see what are the translations for legal format." Everything has opposed priori attached to the socialist revival and conservative buttressed by fiscal discipline. But, obviously, the head of state does not rob his partner immediately. "We have different approaches to achieve growth, but we will share our ideas to see what are the different ways to stimulate growth," replied the Chancellor. Francois Hollande evoked improving competitiveness and Eurobonds cash advance flexible payments. To reassure the Germans, he said he was concerned about the "seriousness of the budget." But, he said, "it's because I'm for serious budget I am for growth."

Time was not on Tuesday, the settlement of underlying problems that have accumulated. "This meeting was intended to know us better, build a relationship, establish a working method," said the French president. Among the burning questions, the crisis in Greece could not be avoided, in a context where it leaves the euro area is now considered. "The Greeks must know that we will come to them to enable them to secure their place" in the eurozone, Holland assured. "I agree that Greece must remain in the Euro Area", completed Merkel, hoping, for his part, "structural reforms".

Sentenced to agree

The Head of State and the Chancellor will meet on Friday at the G8 summit at Camp David, then, in the process, that of NATO, in Chicago. Above, both meet again May 23 for an informal summit of Heads of State and Government in Brussels European. And in late June, the European Council, "French and Germans will jointly present their ideas for growth in Europe," Merkel promised.

Despite their differences, the new couple Merkel Holland was sentenced to agree. At the edge of its mandate, the French president can not afford to fail on one of its most ambitious promises, the reorientation of the European Union. For his part, Chancellor, one year of law, is obliged to strengthen its position against an opposition Social Democrats who redoubles criticism against the policy of austerity. In the presidential entourage, it is noted that the electoral victory of the SPD in North Rhine-Westphalia on Sunday, depriving Angela Merkel a majority in both Houses of Parliament

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When you secure a quick cash personal loan, make certain to pay it back on time. Loan pay back time is just as important to consider as when (and how much) to borrow.

 

The figures published on Wednesday trade deficits German and French offers a shortcut striking about the strengths and weaknesses of the two economies. German exports hit a record in March. They rose 0.9% on month and rise to 98.9 billion euros, thanks to the success of products across the Rhine outside the euro zone. Its trade surplus amounted to 17.4 billion euros, up 16.8%. "A further sign of a healthy German economy despite the crisis in the euro area", decrypts Wirschke Constantine, an economist at Natixis.

If, at the same time, France has reduced its trade deficit of almost 500 million euros to 5.7 billion euros, it hides a global slowdown in trade. Clearly, exports fell twice as fast as imports. The first fell to 558 million euros, to 36.491 billion, when the second fell by 1.1 billion euros to 42.212 billion on March.

"The decline is more pronounced for imports after the substantial purchases energy (oil, gas) caused by the February cold snap, so the trade deficit is reduced, 'the Customs. Apart from lower petroleum products, purchases of industrial products decreased, which could reflect a slowdown in France, as the perceived leading economic index for April.

For their part, "exports of manufacturing industries are marking time, after their sharp increase earlier this year," are Customs. Computer sectors, including automotive and aerospace have been less successful in other countries.  

The good health of the German economy, however, allowed the industry to limit the hexagonal case. In March, Germany has indeed set a record for imports as well (78.1 billion euros over the month, up 1.2%) whose French exports have benefited. Particularly in the industrial machinery sector.

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The tone hardens in the conflict between marine companies between Corsica and the mainland. The strike called by the CGT Wednesday to demand the application of the same social laws to all shipping companies, including foreign competition, making these runs was renewed this Saturday. A decision that provoked the "anger" of the direction of SNCM (Société Nationale Corse Méditerranée), 66% subsidiary of Veolia Transdev. The South (ex-CMN) is also affected by the strike. The movement "is followed at 28% to SNCM, a little more to the CMN, but enough to prevent smuggling," said the leadership of SNCM.

The nine SNCM ships and the South (ex-CMN) assigned to services between Marseille, Nice and Corsica are therefore remained docked for the fourth consecutive day, some 10,000 passengers were affected since the conflict began. Many of them have changed their return by traveling on ships of the private company Corsica Ferries, Italian flag, which normally circulate. SNCM has expressed "outrage" because "this movement supposed to fight our competitors rather strengthen, beyond their expectations." Moreover, the director of the company for Corsica, Pierre-André Giovannini, expressed his "regret for the inconvenience to our customers, passengers and cargo carriers, and this new blow to the island economy." He said over the weekend of May 8 Bridge is "one of the most important pre-season tourist" for Corsica.

A bill filed by the PCF

The strikers will meet again Sunday morning to decide on the following movement. "So is the future of thousands of jobs in our profession," says the union in a statement. The strike comes as the ferries market suffered the turmoil of the crisis in recent years. Thus, since its passage in the private sector in 2006, SNCM has almost always been in the red. She was accused of operating losses of 15 million euros last year. Especially, the CGT sailors had already scored a major coup a year ago by stopping work for 47 days, never seen to SNCM. If it were to get bogged down, however this new strike is unlikely to change the trajectory of the group. The direction of the SNCM instead reiterated its "determination to rapidly modernize and evolve the company, in all areas." Last March, the chief executive, Marc Dufour, warned that SNCM would have to separate at least two car ferries and 800 employees in 1617.

In some election, this issue has naturally taken a political turn. Friday, a trade union delegation was received in Paris by representatives of different parties, including the national secretary of the PCF, Peter Lawrence. His party has tabled in the Senate on March 22 a bill to require all companies operating in France the first entry in register of ships, making them subject to French social laws. Sailors CGT also met the spokesman of the Socialist Party, Benoît Hamon, who is, according to the union, "clearly in favor of the adoption of this law," and a consultant Francois Hollande. In Marseille, finally, a delegation was received by the federation UMP.

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This is the latest idea to exonerate Blédina moms give their babies prepared foods. The subsidiary of Danone, France's leading infant nutrition market with 48.6% (against 23.4% for Nestle), will launch next month the first cooked dishes, compotes and other small pots sold in the fresh. Dubbed Blédina Day, this range of twenty-seven references (savory dishes, desserts …) is for toddlers from 4 to 12 months.

It took three years to Blédina and more than 10 million investment to develop these products, manufactured at its plant in Brive (Corrèze). Their launch, first in the large hypermarkets and Monoprix in Paris, will run until 2013. If successful, Europe is already in sight.

Fifty years after inventing the small glass jar, Blédina intends to revolutionize the consumption patterns. The company even provided dedicated refrigerators to hypermarkets, which will be placed in the middle of the radius baby. "We want to find moms who have moved away from these products because of the taste and rally those who have never been consumers with products that are as close as possible to the home-made," says Didier Lamblin, who took the Blédina reins last September. Approximately 30% of mothers are still reluctant to provide any dishes made with their babies and prefer them to concoct a homemade mashed potatoes. In total, more than half of the consumption of children aged 0 to 3 years which is made of non-specific products.

Revive the category

So, even if the French babies are the first consumers in the world of small pots and other dishes cooked (115 kg per year per child), tied with the English, partly because of prior trademarks and the number of active women, the growth potential remains high no fax pay day loan. This market, which weighs 1.2 billion euros (including 85% in supermarkets), has been stagnant for three years after experiencing an average growth of 6 to 7% from 2001 to 2008. He even saw its volumes fall by 3% over the last six months. "We have never experienced such a decline in this market," says Didier Lamblin, which reflects the constraints of purchasing power of French households. The purchase of small pots and other dishes (48% market share) has been most impacted by the economic environment than baby milk (52% market share), considered essential.

There was therefore urgent to revitalize the category. Especially as Nestlé, challenger in France, put the package last year to revive its brand NaturNes. Which enabled him to win a point of market share. "We are optimistic that growth will be as fresh to the radius of up to 25% of the category," said Didier Lamblin.

To convince moms, Blédina has chosen to focus on the naturalness, the culinary virtues and taste. On white background, packaging puts forward the product recipe and origin 100% French ingredients. Blédina also preferred product availability, crisis requires (from 1.69 euro to 3.70 euro reference).  

Another initiative at Danone, Gallia will launch its brand by the end of an economy size baby milk in the form of a bag-in-Box, for the most modest budgets.

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Since the U.S. Open in 2011, claims rumble among players. Endowments tournaments and especially to the calendar Grand Slam. To calm the discontent, the price of Roland Garros were revalued by 8.67%, while those in the first round losers go up by 20%, at a circuit where prices are 30% focused on the four best (Djokovic Nadal, Federer, Murray). Decryption.

LE FIGARO. – How did you arrive at this decision?

Gilbert Ysern. – The distribution of the wealth of tournaments, with a concentration on a small number of players has never been greater than today, is one of the peculiarities of our sport. Comparing such a discipline such as golf, which quite a lot like ours, we find that there is a greater disparity in prices. So we decided to upgrade the equipment of the players the first week. By comparison, in Indian Wells, the winner gets 130 times more than the 1st round loser. In Miami, it is 1 to 85. At Roland Garros in 2011, it was 1 to 80 and this year it will be 1 to just under 70.

Do you feel you were put in front of the players an ultimatum?

We are not in this logic. I went to Indian Wells meet the players, because it was the first time the top four were together and they have suggested. But it was not a meeting.

The strike threat was real?

No, there was no threat. We know that the idea of ​​putting pressure on the tournaments through a boycott threat has arisen in a number of players at the general meeting in Melbourne (in January) payday loans guaranteed no fax. And it could also be evoked by a handful of players at the next meeting in Miami (in March). This does not worry us, it is not the posture of players including Roger Federer, who is the Chairman of the players.

What are the exact players' claims?

Their concerns are twofold. Besides the question of the distribution of prices between them is that of the wealth generated by the Grand Slams, they believe, with 73% of revenue devoted to prices, not being quite to their advantage. The second case is more complex, because the reality of our economy is not what they believe. At the end of the year, there is nothing left in the coffers of the Federation because all resources are reinvested in tennis. It is important that players understand the ecosystem of the French model launched by Philippe Chatrier thirty years ago, which has developed alongside the Roland Garros tournament and play in the national territory, one feeding on the other.

Can we say that there will be no boycott of a Grand Slam tournament or Roland Garros or in 2012?

You can never say never, but it is my firm conviction.

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A return to basics. The model presented by Labour Minister, Xavier Bertrand, and Secretary of State for SMEs, Frédéric Lefebvre aims to make more readable the information contained in the earnings statement

Its implementation, however, requires a harmonization of the calculation of contributions that will be done in two stages payday advance.

 

To provide a bright future, A Day Elsewhere facelift can not escape. The fund AtriA Capital Partners, majority shareholder of this brand of ready-to-wear "chic" for mature women, changed the executive chairman last year. Mission entrusted to Jean-Pierre Charpentier, "rejuvenate and dress the bride," says the new boss. Reinvigorate, or redressing, businesses to better sell, it's his job. This former CEO of France Loisirs has restored color to both sign Jacadi.

A Day Elsewhere door certainly does not hurt: slight profit, the company posted 187.2 million euros in turnover in 2011, up 3.5% on a comparable basis, 78% achieved in the Hexagon , which are installed 145 of its 215 stores.

However, seniors in the 2010s dressing "younger" and "Zara" than their elders, A Day Elsewhere urgently needed to afford a makeover in an attempt to conquer them. And reach more customers transgenerational, 45 to 99 years. Great first, advertising campaign of 2 million was distributed in a fashion magazine. Innovations emerge every month now, and the shops are gradually déringardisées.

Transfer of production

Exit the columns of a Greek temple and cloud ceilings kitsch. Storefronts are painted in taupe and white. Inside unfolds a light mango furniture. This new concept will rally by the end of March 30 of 215 stores. The loan-to-wear, if he retains the best-selling brand, collections "ceremony" models "cruise", gets a new line: The Essentials. An agreement with Swarovski helped to decorate jackets or coats of crystal knobs, glamourisant tailors declined in gray, black or blue.

As for accessories, an independent designer who has worked for Lancel, reinvented bags and pouches, covering them with bright leather or monogrammed coated canvas. Another, from Chanel Fantasy, has transformed the glass and plastic charms in gold or silver plated jewelry, more likely. Their prices range from 40 to 200 euros. They are made in France, where Jean-Pierre Charpentier also would like to produce more textiles. Fiber polyester, wrinkle resistant, currently produced in Korea, might as well, says he, being in the Hexagon.

A dual source of supply

The group has already relocated nearly 80% of its supply in Turkey and Eastern Europe, retaining only 20% in Asia, less competitive with rising production costs. For some products, Jean-Pierre Charpentier dual sourcing, shared between Asia and Europe. "I have adopted this system of dual-sourcing the day, when I was at Jacadi," he recalls, "we have not received the collection time for a parade." …. ….

These changes should attract 2 million customers registered in the global roster of A Day Elsewhere, Belgium, Luxembourg and Italy. For 2012, openings are provided, with the new concept, particularly in Brazil, with two to three stores by 2013, and the U.S., in department stores. Meanwhile China.

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Prices depending on age, date of departure, that of the reservation, but the filling ratio of the train. In the same car, travelers can find themselves with tickets whose prices vary up to threefold. Last July, a new decree was issued which could bring a little more blur for a few users already lost by removing the reference to dates. Pascal Frasnetti, journalist at The Monthly Individual, gives clues to understanding, but also a better choice, when booking a train ticket.

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Lefigaro.fr – The gap between interest rates of French and German bonds this week hit levels not seen for 20 years (200 bp). French government bonds are they a safe investment?

Philippe Mimran – all depends what you mean by "safe." If this is the sense of repayable loan, the answer is yes. France is able to repay its debts. However, if the sense of an investment that does not generate short-term losses, the answer is no. In other words, the French government bonds are no longer as safe as German bonds. Financial markets expect interest rates continue to rise. This difference of 190 basis points is the same as that between Italian bonds and German bonds in July.The French bonds are more risky than a month ago, European banks sell massively.

Why?

The rules for accounting for government bonds in banks' balance sheets have changed. Until then, when a bank subscribed to an obligation of 100 million euros to 2.5%, it maintained that amount on its balance sheet and collected an annual coupon of 2.5%. And, regardless of the carrying amount of the obligation. Now, if the title is only worth 90 million euros, it instantly suffer a loss of 10%. The balance sheet of banks is affected. For secure, regulators require them to strengthen their capital.

On Tuesday, the Higher Audiovisual Council (CSA) launched the call for applications for six new free DTT channels. Candidates submit their applications no later than January 3 next, they will be audited between 5 and 9 March and mid-March, CSA will appoint the selected files. The permits will be issued in May and channels will be launched in the fall for at least 25% of the population.

This is a great gift for viewers, but it's a puzzle dangerous for the TV market. With 25 free channels instead of 18 now, the whole landscape that will, once again upset. The Ministry of Culture no mistake. To limit the damage, he advocates the creation of channels with smaller economies than minigénéralistes who need to drain the advertising market heavily to live.

In its report on the future of TNT, Michel Boyon, the president of CSA, stressed that the advertising market is not extensible. This observation invites the CSA and the Rue de Valois to protect the large general-interest channels that have already been hard hit by the creation of DTT channels in 2005. In six years, these have already assumed 25% of the television audience and 12.5% ​​market pub. Today, however, only those projects that should be presented by Team TV, Screenrush, NextRadioTV (RMC Sport) or Equidia (PMU) are channels. All others are minigénéralistes. And propose TF1 TV Breizh, push M6 M6 Family WikiTV and Paris Première. Canal + continues to campaign for the free channel Canal 20 payday loans.

For its part, has already promised an NRJ TV Honey aimed at women and a chain TV Nostalgia for heritage programs.The CSA will decide whether looking for channels to anger the left or if historical actors assigns frequencies to minigénéralistes.

Specialists in the advertising market are reassured by any equation. "While 2011 will end positively for advertising, Régine note Tournier, expertise and purchasing director at Havas Media, there is a slowdown and we have no visibility into 2012. The arrival of new channels is likely to introduce more competition in the market and lower prices. "

"A market of mass media"

On the other hand, the expert noted, "it is not certain that the arrival of channels is a good thing because it will encourage the fragmentation of audiences.Strings that will fare best will be those backed by a large group to benefit from synergies. "

Another danger, if the number of free DTT channels increases, the pay packages of cable and satellite will lose their appeal. "The more free channels, said one expert, the less reason to subscribe to a pay offer. Especially since they are important channels of cable and satellite (TV Team, Equidia, Paris Première, Ed) which candidatent to DTT. "

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