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Red, always red and even red. That should expect the CAC 40 on Wednesday for the third straight session. On both days, the Paris index has lost 2.59%, equivalent to just over 100 points. The figure of 4,000 points is dangerously close. The CAC 40 index opened down 0.14% to 4044.53 points.

The London Stock Exchange is changing down from 0.29% to 5979.65 points and the DAX index of the Frankfurt Stock Exchange lost 0.32% to 7295.12 points.

Closed Monday because of "President's Day, Wall Street has followed the general trend Tuesday dropping 1.44% to 12,213 points. On Wednesday morning, Asian stock markets mostly recorded a third consecutive decline, losing about 2.5% since the beginning of the week.The reason? Libya and its political crisis, which is growing, and whose power is crumbling oil markets worried about the world.

On the macroeconomic front, consumer prices fell 0.2% in January, monthly changes, but still up 1.8% year on year, INSEE said on Wednesday.

At 12 hours, will be published index prices in the supermarket in January.

For the euro area are expected new orders in industry in December 2010 (11:00).

Finally the United States, are scheduled home resales in January (16 hours) and the intervention of the President of the Philadelphia Fed Charles Plosser, on the economic outlook (19:30).

The euro starts again from the front

On the currency markets, the euro found colors against the dollar, gaining 0.23% to 1.3686 dollar.

In morning trading, a barrel of light sweet crude for April delivery gained 4 cents to 95.46 dollars.That of Brent North Sea crude for April delivery has appreciated by 22 cents to $ 106.

Total, which announced Monday that it repatriated the majority of its expatriate employees in Libya, said Tuesday that its production there was suspended in part because of the violence in the country.

The letter rogatory to Switzerland on the existence of bank accounts belonging to the three Renault executives suspected of espionage has not worked for one of them, according to Le Canard chains.

The Food and Drug Administration (FDA) has issued a double warning to Sanofi-Aventis for a contamination problem on a German site and for gaps in reporting of side effects in the United States.

A U.S. federal court issued Tuesday a decision in favor of Vivendi in greatly reducing the number of complainants and accused him of having misled shareholders about the state of its finances.

Natixis finished with losses

Natixis: 6.13% to 4.38 euros – greater in the SBF 120

Natixis bank has returned to profitability in 2010, generating a net profit of 1.732 billion euros against a loss of 1.388 billion a year earlier, thanks to lower the cost of its illiquid assets at a lower cost and risk with tight control of expenses.

Maiso his mother, BPCE, will finalize contributions to reimburse the state, the balance reached $ 2.2 billion by the end of the first quarter, said Wednesday Chief Executive Perol during a conference call in conjunction with the presentation of results.

Accor: -1.08% to 34.82 euros

The hotel group Accor said on Wednesday 2010 net profit of 3.6 billion euros, primarily due to the non-cash impact of the demerger of the group, against a loss of 282 million in 2009, and declared will accelerate its divestiture program for 2011-2012.

Rhodia: -2.66% to 21.37 euros – the largest drop SBF 120

Rhodia announced Wednesday that it doubled its dividend to 0.50 euros for 2010, achieved a net profit in 2010 "record" of 259 million euros, against a net loss of 132 million the previous year.Turnover rose 29.6% to 5.23 billion euros.

CNP Assurances: -0.06% to 15.81 euros

The CNP Assurances has grown by 4.6% in net income in 2010 to 1.050 billion euros, offsetting a slight decline in turnover by 0.8% to 32.3 billion euros.

Technicolor: 3.13% to 5.28 euros

Technicolor (formerly Thomson), specialist equipment and services for media and telecommunications, has won the tender launched by France Telecom for its next generation of boxes in France, according to Le Figaro.

Nexity: 4.44% to 33.40 euros

The developer Nexity said target for 2011 an operating margin (OMC) more than 8%, excluding charges related to his project Nexity Tomorrow, after a year 2010 marked a decline from its weaker than expected sales and a return to profitability.An earnings conference is scheduled Wednesday at 8:45.

Imerys: +0.25% to 49.98 euros

The Anglo-Australian mining group Rio Tinto said Wednesday it received a firm offer of Imerys, a group of industrial minerals for its production subsidiary Luzenac talc, set at $ 340 million, or about 250 million euros.

APRR: +0.04% at 52.02 euros

APRR is a continued growth in its turnover in 2011 under the double impact of rising prices and increased traffic, heavy head.

Transgene: -12.84% to 12.90 euros

Transgene announced that the Swiss laboratory Roche had terminated the license agreement that bound him to the French company to co-develop the TG4001, a therapeutic vaccine against cervical cancer.

Spir Communication: 3.27% to 41.32 euros

Spir Communication is planning an EBIT profit in 2011, after regaining the year 2010, as predicted, a quasi-equilibrium.

After market, it was the turn of Ipsos, Dexia, Vallourec, and OL Toupargel of Group E to submit its annual results, interim results and Vilmorin.

Also note that the bid for Axel Springer Seloger.com ends on Wednesday.

A formula that has rained, but that leaves open many files. The roundtable, chaired by Nicolas Sarkozy after his walkabout in the aisles of the Salon of Agriculture, was rather well received by participants. "He did not demagoguery and was really aware of what was happening in the farming community," said Florence Verheyden-Valade, breeder of bison in the Creuse. It was part of the panel of invited farmers, three women and four men, "representatives of all sectors and territories", according to Franck Louvrier, communications adviser at the Elysee. There was a producer from another sheep of the Puy de Dome, a pork producer from Vienna, a wine of Herault, a grain of Loiret and a breeder of Charolais in the Nièvre.

Discussion without taboos

For more than 90 minutes, the Head of State has listened in turn and answered their questions.Environment, rising raw materials, distribution, cost of labor, many topics were discussed openly and with details. Asked about the cost of labor by Patricia Rebillou, producer of strawberries in the Dordogne, Nicolas Sarkozy said: "We reduced by more than three euros hourly cost of seasonal workers, to 12.81 euros per hour to 9, 43 euros. Adding that "this reduction in social security employer had already cost the state 500 million euros" and it was not possible to go beyond. "Nicolas Sarkozy has memory and is familiar with his records," commented Michel for his part Hamel, a milk producer of the Channel.The latter was part of the 400 farm representatives who attended the roundtable held in Area 2000, a large room in the mezzanine in Hall 1 of the animals at the Porte de Versailles.

On the environment issue, widely discussed on Saturday, the audience applauded the head of state when he said the poster campaign of ecological association FNE. "It is hurtful, humiliating, totally cons productive in some ways shocking," said Nicolas Sarkozy. "You are loved by the French more than you think as evidenced by the success of the Salon of Agriculture," he said at the farmers.

Several decrees

In a goodwill gesture, the president did not come in without his wallet. A decree recognizing the activity of methane on farms is released this Saturday.

In addition to reducing the depletion of farmland in France – at a rate of one department every seven years – another decree was issued on the topic, believing that the show is moving files around the corner. It concerns the establishment of advisory boards of county farmland. A new structure must give notice before any sales of land into building land. Transactions will now be taxed. The tax proceeds will fund innovative facilities for young farmers.

"However, Nicolas Sarkozy said nothing about the case of photovoltaics, which allows farmers to reduce their cost of production," complained Jean-Pierre Fleury, Secretary General of the Federation Nationale Bovine and rancher in the Morvan. Another disappointment for farmers, lack of clarity of Nicolas Sarkozy vis-à-vis supermarkets."While the president has insisted on a better distribution of value added over the entire chain, but was not specific enough in its intentions," said Guy Vasseur, president of the APCA (Permanent Assembly of Chambers of agriculture). "We will continue to help you be more competitive and regulate the prices of agricultural commodities. I believe the future of French agriculture, growth, development and its contribution in the foreign trade of France, "said Nicolas Sarkozy. "A frank and direct dialogue," summarized the Youth President Jean-Michel Schaeffer, leaving the space 2000. "The lyrics is good, it acts better," summed up his side Beulin Xavier, president of the FNSEA.

The retreat from Brussels is not merely cosmetic. A week after being criticized by Nicolas Sarkozy, the European Commission published on Wednesday in Brussels, its report on raw materials and access to rare earths.

As expected, the text – including Le Figaro has obtained a copy – was amended. Unlike the first version, it admits a link between speculation, more frequent on the futures markets and commodity prices in physical markets. But this link is not considered self-evident nor in the formation of prices."While it is clear that there is a strong correlation between the positions on derivatives markets and prices on spot markets, we read in the report, it is always very difficult to fully assess the interactions and impact of market movements derivatives on the volatility of the underlying physical markets. "In other words, there is no evidence that speculation, in itself, makes up the prices of raw materials, which cater primarily to the law of the supply and demand.

The EU executive does not fold completely to the orders of Nicolas Sarkozy, who as chairman of the G20, has made the fight against speculation in agricultural markets one of his priorities, saying that it plays a role and proved disastrous in the recent rise in prices and price volatility.

Limiting positions

For the rest, the Commission agrees without blinking in the direction of the French Presidency.Especially when it comes to demand more transparency on the physical and financial markets and prevent market abuse. If not matter for Brussels to ban speculation, for we must "let the physical market participants to hedge against price risks, we must however consider taking enforcement action, including" imposing position limits "on the markets where justified. That is what the policeman American futures markets, the Commodity Futures Trading Commission (CFTC), is trying to do for several weeks in the United States to quell the speculation. On this point, Europe is lagging behind.It has no legislative instruments or the gendarme to intervene on the futures markets for commodities, especially active in London and Geneva.

The Commission is more proactive when it comes to defending his strategy to secure its supply of "rare earth", priority of EU Industry Commissioner, Antonio Tajani. Brussels has already identified 14 rare earth materials essential to its most innovative companies. Totally dependent on imports – 97% of rare earths are in China – Europe is ready to monetize access to its domestic market to attract partners.

Commissioner Tajani must travel to Russia and Latin America soon to negotiate privileged access. The Commission also wants to promote the exploitation of rare earth buried beneath its soil, particularly in Sweden and Finland, but also in France (tungsten).To do this, Brussels will have to tweak the blow to European ecologists, negotiating an amendment to Directive Natura 2000.

The Paris Bourse rebounded on Wednesday. After closing down the day before, the CAC 40 was the slope. Halfway through he climbed from 1.03% to 4060.94 points. Even movement on other European markets: the DAX in Frankfurt gained 1.23% to 7146 points while the FTSE meeting in London ahead of 1.32% to 5996 points.

Markets should however be wary. The signals sent from Wall Street on Tuesday and since the Asian market this morning are still mixed and the markets are still awaiting the verdict of the Fed. Investors, who watched the speech from Barack Obama on the State of the Union, seem partly reassured by what the U.S. president on a possible decline in corporate tax in the United States.

The latter asked the Democrats and Republicans to "simplify the system. Remove the tax loopholes.Standardize the rules and use the savings to lower the rate of corporation tax for the first time in 25 years, without increasing our deficit. " Conversely, no new announcement has been made on the employment front, despite a persistent unemployment rate to 9.4%. The U.S. president also agreed to extend to five years the spending freeze budget that he believes will allow a saving of $ 400 billion over the period.

Also in the United States, several macroeconomic announcements are expected. During the session will be posted sales of new homes in December and the weekly oil stocks. Later that evening, the Fed makes its rate decision at the end of the meeting of its Monetary Policy Committee.In France, 18 hours, INSEE unveil the unemployment figures for December.

On the currency markets, the euro accentuated its gains against the dollar Wednesday, buoyed by the successful placement of bonds of the European Financial Stability (FESF). About 11:20 am in Paris, the euro bought 1.3701 dollars against 1.3682 dollars late Tuesday, after the dollar rose to 1.3722 in the morning, a new high since November 22.

Renault searches

As for values to be followed:

Renault: + 3% at 49.30 euros

Searches were conducted in recent days by the Central Directorate of Internal Intelligence (DCRI) in the offices of three Renault executives suspected of espionage by the automotive group, and their computers were seized, officials said Tuesday a source familiar file.The manufacturer's lawyer said that the leak of such information in the media was damaging the image of Renault.

Started in Exchange for Aperam, 41st CAC 40 value

Aperam title, name of branch and special stainless steels of the world leader Arcelor Mittal Steel, made his first steps on the Stock Exchange Wednesday, becoming the 41st exceptional value of the CAC 40. Aperam title, earns 3 cash till payday advance.37% for its 'pre-opening' in the form of pledges of shares, the market felt that the introductory course set at 27.32 euros reflects a significant discount compared to its competitors.The increase is also reflected in ArcelorMittal (3.83%) that stores thanks to this the largest increase of CAC 40.

Publicis: + 1.10% to 38.03 euros

The number three global advertising has launched a friendly takeover of the British advertising agency Chemistry for 14.45 million pounds (16.70 million euros).

Vivendi: + 0.25% to 21.88 euros

The group sold its remaining stake in NBC Universal.The transaction brings in 3.8 billion euros.

Sanofi-Aventis: + 1.80% to 51.56 euros

The group announced Tuesday two hits in the U.S., where the health authority has authorized the sale of its non-prescription anti-allergy Allegra beginning of March, and extended by six months of marketing exclusivity for its anticoagulant Plavix.

EADS: + 0.72% to 20.89 euros

Thomas Cook has announced the signing of a contract for the firm order for 12 Airbus A321 and also says plan to sign a lease agreement covering aircraft from the A320 family.

Areva: + 0.70% to 35.75 euros

The giant nuclear buckled the capital increase in favor of holders of investment certificates (IC) in an amount of 35 million euros, an operation after which the nuclear expert has lifted a total 935 million euros.

Entrepose Contracting: + 1.65% to 105.44 euros

The company expects a group Vinci stability of its activity in 2011, after a year 2010 marked a leap in turnover and net profit, the new year is characterized by the start of construction of many projects but also by a lengthening of the decision cycle.

EDF: + 0.65% to 32.35 euros

Proglio will be auditioned in the morning in committee in the National Assembly.

Rafale Results

Klépierre: + 1.83% to 26.68 euros

The group reported a 2.9% increase in turnover to 988.6 million euros in 2010, supported by rental income group, especially in malls.

Mersenne (ex-Carbone Lorraine): + 1.09% to 35.40 euros

The group's activity rebounded last year thanks to the development of alternative energies and Asia but believes it is too early to make predictions for 2011.

Spir Communication: -3.68% to 36.60 euros

The group maintained its objective of operating income to balance in 2010 by announcing a decline in sales in 2010 weakened its media division.

NextRadioTV: -0.69% to 14.30 euros

The media group has registered an increase of 14% of its turnover in 2010 to support the dynamism of its TV operations.

New record for the food price index of the FAO. Each month the UN Food and Agriculture Organization (FAO) measures changes in prices of a basket of 55 products including cereals, oilseeds, dairy products, meat and sugar …

For the month of December, this index performed worldwide stood at 214.7 points, up 4.22%. It is now above its previous record of 213.5 points in June 2008, the year of riots in several developing countries. "Prices were boosted by higher prices for sugar, cereals and oilseeds," said Abdolreza Abbassian, economist at FAO.

In detail, the biggest increase oilseeds, especially palm oil and rapeseed. Their index has climbed 7.5% to 263.0 points last month. The sugar price index soared more than 6%.An increase in the same order as that which affected the grain. Their index rose 237.6 points, its highest level since August 2008.

Buyers in Asia

But what most worries the FAO, is the duration of the phenomenon. "This is the sixth consecutive month that increases our index, notes Abdolreza Abbassian. However, unlike 2008, oil prices are much lower and crops have been sufficient in many countries, such as Central Africa and East, "added the economist payday loans no teletrack. In Tanzania, for example, maize production is largely self-sufficient. In Niger, the country posting the best grain harvest last twenty years.

However, if this phenomenon continues in the next two to three months ahead, it could have inflationary effects and create tensions among people in poor countries. And nothing suggests the next stop of this upward spiral.Demand continues to grow. Despite the 245 euros per tonne of wheat today, there are still buyers in Asia, the Middle East or North Africa. While the offer on cereals is particularly tense. "There are six times more climate events than fifty years ago," says Michel Portier, director of consulting firm specializing Agritel. Floods in Australia, the drought in Argentina and the heatwave in Russia testify. "This creates an extreme market stress," says Olivier Duval, agricultural supply and demand. Contrary to what one might think, farmers, especially farmers, are not at the party. The president of the FNSEA, Xavier Beulin, expects a first half of 2011 "very difficult" because of price volatility.

The year 2010 has ended in optimism on Wall Street. Over the whole year the Dow has gained 11%, the S & P 500, 13% and the Nasdaq Composite, 17%. Friday, after a little busy meeting, Wall Street has found this wonderful year on a stable tone. The Dow Jones gained 0.07% to 11,577.51 points, however, the S & P 500 lost 0.02% to 1257.64 points and the Nasdaq fell 0.38% to 2652.87 points.

On Monday, U.S. stock markets continue their forward march.In early trade, the Dow Jones gained 0.34% to 11,617 points, the Standard & Poor's 500 advance from 0.85% to 1268 points and the Nasdaq 100 climbed 1.02% to 2680 points.

The ISM manufacturing index program

Over the last week of 2010, Wall Street was supported by a series of macroeconomic indicators of good quality, suggesting an acceleration of consumption and economic growth in the United States. The year 2011 will begin on hubcaps, with a new salvo of indicators due this week could test the optimism of the end of 2010.

The dance of these publications will begin today with the ISM manufacturing index for December 2010. Investors will also monitor this Monday in the U.S., sales of construction spending for November.

Also on this week, figures for industrial orders for November will be released Tuesday, and the next day, the ISM index on the services sector will be announced. The latter is more representative of the health of the U.S. economy as the ISM's manufacturing sector alone published Monday.

Thursday investors will learn the traditional figures of weekly claims for unemployment compensation. Friday, dropping the first estimate of net job creation in December by the Department of Labor and the unemployment rate, calculated from a survey of the workforce.

On the foreign exchange market, the euro was down against the dollar on Monday due to uncertainties still the public finances of most vulnerable countries in the euro zone as Portugal and Spain.Around 11:00 am in Paris, the euro was trading 1.3303 dollars against 1.3381 dollars on Friday night.

Facebook valued at $ 50 billion

The side of values, the investment bank Goldman Sachs has invested in community site Facebook on the basis of a valuation of $ 50 billion, said on Monday the New York Times. The value of Facebook, so far estimated at $ 42 billion, would be higher than that of groups established for much longer, like eBay, Yahoo! and Time Warner, says the newspaper, quoting sources involved in the transaction guaranteed payday loan. Goldman Sachs and an anonymous Russian investor have made some 500 million dollars to the site founded by Mark Zuckerberg.The personal wealth of the latter would end up this way doubled.

The Financial Times for his part said that the microblogging site Twitter has declined in 2008 to a takeover bid of $ 500 million social networking site Facebook.

Difficult start to the year for Apple. Some iPhone users have started 2011 with a failure alarm, the alarm function of the smartphone has been a computer problem with the change of year. According to the BBC, this anomaly has involved occasional alarms iPhone 4 and previous models of the Apple smartphone with the latest software updates. The British newspaper Daily Mail reports that thousands of people arrived late for work or missed trains or planes because of this problem.The alarm function of the iPhone had already experienced difficulties during the transition to winter time.

Google dream of a new digital kiosk

For its part, Google would work on a new digital kiosk designed for mobile devices running its Android operating system, hoping to seduce the newspapers by offering better terms than Apple, said Sunday the Wall Street Journal. Several media groups, including Time (Time Warner), Conde Nast and Hearst have already been approached by Google for this project, according to the Wall Street Journal.Furthermore, Lagardere said Friday evening is in exclusive talks until January 30, 2011 with Hearst on the sale of its flagship news magazine world.

Always on the side of values, the world's number one smart card Gemalto announced Monday it had completed the sale of its payment terminals in VeriFone U.S., the major competitor of French Ingenico. The amount of the transaction, which occurred Dec. 31, is not specified in the statement issued by Gemalto."VeriFone is a leading global payment solutions for merchants and banks side traders, and we, we are champions of payment solutions for consumers and banks that issue credit cards," says Gemalto.

For his part, Saint-Gobain announced Monday the completion of the sale of its "Advanced Ceramics" at CoorsTek U.S. group for $ 245 million, or about 200 million euros.

Also note, four insurers, including Swiss Zurich Financial Services (ZFS), will pay a total of $ 120 million (90.3 million) to settle a dispute with the State of New York concerning overpayments insurance premiums, officials said Monday.

The English are trying to shake up the French market for fast food, dominated by the U.S. McDonald's. The British chain Pret A Manger could quickly establish themselves in France. The management of the company and the investment fund Bridgepoint, the owner, studying his arrival. Their strategy? Immediately propose to the French offer meets their dietary habits and make a name quickly on the territory with a hundred addresses minimum. To achieve this, an acquisition seems a prerequisite. Bridgepoint had also identified potential targets of fast food chains that already have at least a hundred units. They are few in number to fulfill this condition: Potato Bread, Crust and The Class Croissanterie.

"The decision for Pret A Manger coming to France is taken, says a close case.But nothing is done, since the arrival of the chain depends on the success of an acquisition. At this stage, discussions are most advanced with Apple Bread but can still roll over. "Founded in 1980 and acquired in 2004 by Acto Capital (Private Equity Groupama), Pomme de Pain is mainly located in the Paris region. The chain has made more than 60 million euros in turnover in 2009.

Pret A Manger, co-founded by two college friends Sinclair Beecham and Julian Metcalfe, opened its first store in London in 1986, where she quickly became a phenomenon. So much so that in 2001 McDonald's has acquired 33% stake. In 2008, the fund Bridgepoint has taken control of Pret A Manger, for 345 million pounds.

Pret A Manger has approximately 250 restaurants, mostly in Britain. The company also has a thirty addresses in the United States and a dozen Hong Kong.With over 4,500 employees, its turnover grew 12% last year, averaging 280 million pounds. On its website, Bridgepoint said that Pret A Manger wishes to increase its number of outlets by 15% per year and that the chain wants to become "truly global" through a "controlled expansion". Obviously, Pret A Manger will not hear talk of openness. "Do not ask us to open duty-free, because we do not, the company warned on its website. We do not like the franchise. "

Upscale sandwich

"The arrival of Pret A Manger in France can impact all the concepts of fast medium and high-end type Cojean especially those developed by distributors, starting with Daily Monop," said Bernard Boutboul, Director General of Cabinet Gira Council.He said the brand strength is its triangle sandwich bread upscale, which does not exist in France. In addition, the ingredients are fresh, organic and natural, and everything is manufactured locally. A la carte, salads, soups, but also sushi, croissants, baguettes, muffins, raisin, chocolate brownies … Drink: tea, coffee, chocolate, juice and smoothie. "Our wasabi mustard sauce is brown (not green fluorescent), our ham is pale (not pink) and our Maroon dried apricots (not orange)," said Pret A Manger on the Internet, while detailing the number of calories that products it sells.

Advertising is the buzz at this time of celebration. These days, two pieces of information are especially react on the web. The first of these relates to the German carmaker Volkswagen, whose last TV spot reacted all fashion bloggers. And for good reason: Karl Lagerfeld is the protagonist.

It was in German as the artistic director of Chanel touts new Polo and Golf models. Camera in hand, the creator of these enraptured many cars he would move from Paris to Milan. But his hopes are showered by Giabiconi Baptist, his muse and assistant in the advertising, who whispers in his ear that the models in question will only be available for the German market."They deserve to be in Paris," said Karl Lagerfeld, so, disappointed.

Karl Lagerfeld renews with the auto sector, two years after he donned the yellow vest for road safety in France. In Germany, the advertising, broadcast from December 22, continues to talk about her. So much so that the leadership of Volkswagen considering the decline in other media including Internet, print and display.

Gillette goes to Woods and Henry

The other ad news this year for Gillette. The mark of the U.S. group Procter & Gamble announced in its way as Tiger Woods and Thierry Henry embody more "masculine perfection." Their contracts for the Gillette Champions campaign, ongoing since 2007, will indeed not renewed their term on December 31."The Gillette Champions program will end the first quarter of 2011, said Michael Norton, spokesman for the group. Gillette Champions was created by the famous brand of shaving accessories namesake in 2007 and, like any brand, we update our marketing efforts to match our consumers, "he said simply.

Both athletes appear in several commercials alongside the Swiss tennis champion Roger Federer:

No information about the future of tennis at Gillette advertising and footballers Kaka and Lionel Messi has been unveiled. But one thing is certain: for all these sports, the end of the Gillette Champions campaign will result in a significant cut in their income. Thierry Henry's contract with Gillette was 5.6 million euros per year. It was around 8 million for Federer and Woods.The latter will suffer most from this decision. Indeed, his marital problems, which have already cost contracts AT & T and Accenture, its revenues have shrunk from 35 million.

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After the International Monetary Fund, China now willing to lend a hand to the ailing euro. Vice-Premier Wang Qishan said that Beijing was ready to support the extraordinary measures for countries in trouble like Greece or Portugal, reported the Xinhua news agency and Dow Jones.

"It is in the fundamental interests of China and the EU to further strengthen their cooperation," said Deputy Prime Minister. He talked to the Competition Commissioner Joaquin Almunia, EU Trade Commissioner Karel de Gucht and the Commissioner for Economic and Monetary Olli Rehn in Sino-European dialogue on economic and trade issues.

Promises to Greece

China has already come to the aid of Europe's sick of his debts in recent months.According to market observers, it would have bought two months ago the Spanish government bonds for a hundred million. She also pledged to buy bonds when Athens Greek return on the market to raise funds. Finally, she assured Portugal that his support during a visit last month. Without specifying whether she intended to buy Treasury securities Portuguese.

"Beijing expresses support to the European Union and from the moment she made a gesture, it reinforces market confidence, regardless of the amount invested," analyst Xu Bei, an economist at Natixis guaranteed cash advance. China has the means. It must put in huge trade surpluses, accumulating at a rate of some 10 billion dollars (7.6 billion euros) per month. It places the majority of these funds in dollars, the United States, but seeks to diversify its portfolio.Today, between 20% and 30% is invested in euros, according to Xu Bei.

Help Europe, but also for China to help his main client. The EU is the leading destination for Chinese exports and the second trade partner after the United States.

To help the ailing European states, China is also investing directly in their economies. Highly publicized decision, Beijing has injected 3.4 billion euros in the port of Piraeus in 2008. Chinese direct investment surged 280% in 2009. But they still represent an average of only 3.35 billion dollars a year, a total of 50 billion invested abroad. China is not still buy in Europe.

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"SPECIAL – Europe, States face bankruptcy

The Irish international aid will pay a high price. The Irish government this Wednesday afternoon an austerity plan of 15 billion euros. A sine qua non for the grant aid of 85 billion euros from the European Union and the International Monetary Fund (IMF). The austerity plan spread over four years. But 40% of the effort will focus on 2011.

The austerity plan, which will last four years, will constitute two thirds of budget cuts (15 billion euros) and third (5 billion) of higher taxation. VAT will be increased from 21% to 22% by 2013 and to 23% in 2014. What raise 620 million euros, has detailed the government. On the other hand the number of taxpayers subject to income tax increase.

No question, however, touch the corporate tax of 12.5%, key competitive advantage of the Celtic Tiger."This plan reaffirms the commitment of government to maintain a 12.5% corporate tax rate. It is a cornerstone of our economic policy on the free tour company, reaffirmed by the various governments that have succeeded, "says the document released to the press.

7 billion in budget cuts

On the expenditure side, 7 billion in cuts will be completed by 2014 instant payday loan lenders. It's about reducing the deficit by 32% in 2010 to 9.1% in 2011 and 7% in 2012 and 5.5% in 2013. Ultimately, the difference between government spending and revenues should be limited to 2.8% in 2014, slightly below the European obligations.

Furthermore, social spending and health will be reduced by 2.8 and 1.4 billion euros over four years. The minimum wage will, confirmed the government reduced by one euro to 7.65 euro.

In the public sector payroll will be reduced by 1.2 billion euros by 2014. The salaries of new staff receive a salary lower than 10% compared to those already in place.

"The objectives of this plan are demanding but realistic," says the text of 160 pages detailing the austerity plan distributed to the press, who also believes that "this plan will generate confidence in the country and outside." Among economic assumptions supporting the plan, Dublin expects a growth of 2.75% per annum between 2011 and 2014.

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