The document will be ratified by André Merlin, President of Medgrid, and Paul Van Son, his alter ego in Desertec. Eric Besson, the French Minister of Industry and Jochen Homann, his German counterpart, will also attend. In Brussels, which is also a Council of European Ministers of Energy, the Commission also takes advantage of having worked for the merger of the two initiatives quick cash.But technological advances have reduced line losses, which now stand at 3% per thousand miles, plus 2% at the entrance and exit of high-voltage network, says the expert of the IEA.

Current day and night

The future of solar photovoltaic Maghreb will not. This will be central to thermal concentration (on the principle of Gemasolar, Spain) that have the great advantage of storing energy and thus provide power at night or on cloudy days, and especially the demand.

The first project under the Desertec should expand its parabolic mirrors of 12 square kilometers, near Ouarzazate (Morocco) and an output of 500 megawatts (more than half of a nuclear reactor for generating Fessenheim for example).

Occupation: the red lantern of Europe

This is the black point of the Spanish economy fast cash without a hassle.With more than 22% Madrid shows the unemployment rate the highest in the euro area. One in five is unemployed and no improvement is expected in the short to medium term. Affected sectors, construction and real estate have lost more than 1.4 million jobs since 2007, while 700,000 jobs were destroyed in the industry. Are the front line jobs with low qualifications, young people without experience and foreign populations. The long-term unemployment has risen sharply, increasing the risk of dangerously exclusion. This file will be the priority of the next majority. Structural reform, initiated by the Zapatero government, to more flexible labor market, had no positive effect on job creation.

Damaged property market beating down the banks

In 2003, real estate euphoria, he built over 700,000 homes per year.

The switch left the Senate finally adopted complicated "as" the social security budget. The Social Affairs Committee on Wednesday rejected a text "needy, irresponsible and unrealistic." For the communist president Annie David, this budget marks "a return to the cessation of the corporate balance" with a deficit projected at 18.2 billion in 2012.

Latest estimates from the European Commission, the great Italian rival, the only one that can steal the top spot of the podium in France, saw its production drop by 17% to 42 Mhl. The proliferation of uprooting explains much of this performance-cons. Spain, meanwhile, was down 9% to 36.5 Mhl.Last year, at the same time, the cooperative had requested an increase of "at least 10%" rates, while the treasury operations were nearly 80% in the red paperless payday loans. This objective was met or exceeded. "The producers have done well: the price of wine out of the property, that is to say, those paid to producers have risen to 15% and even 20%," says Denis Verdier. It is mostly entry-level wines that benefited from the largest increases. Consumer side, "the increases were controlled by large retailers who had not passed on the cuts in previous years," said Denis Verdier.

In the difficult years should succeed to catch up needed for producers who can smile again after three years of crisis.

Medical nutrition business is the most misunderstood of Danone, which represents only a third of sales of Activia. In annual growth of 10% in four years is the most profitable activity of the group.One that Franck Riboud, Danone CEO, says she has "tremendous potential mechanical unstoppable" because of the aging world population, the spread of diseases such as diabetes and allergies, or the progression of plagues such as cancer and Alzheimer's disease.

This is a world market for $ 8 billion still focus on Europe and the United States. A new hunting ground for agribusiness payday loan lenders. Danone and Nestle also covet the nutrition branch of Pfizer. "We are halfway between food and pharmaceuticals, says Flemming Morgan, claiming first place in Europe at Abbott and Nestle. We develop our products with a pharmaceutical approach, but they are nevertheless food.This is not about to replace drugs but to provide complementary solutions. "Danone has brought his knowledge of consumer tastes and textures by improving products.

Specific segments

These are not sold in supermarkets but in half pharmacies generally prescribed and reimbursed. Administered orally or by means of a tube or a tube, they are also prescribed in hospitals and nursing homes. Faced with GPs overwhelmed and poorly trained in nutrition, Danone is betting on its relations with researchers or with associations to serve as opinion leaders.

Danone has chosen to focus on specific segments. Neocate Infant with his powder, it offers an alternative to milk for babies allergic to cow's milk.

The Paris Bourse keep their eyes on the crisis in public finances in Europe and particularly Greece. For several days, investors expect tough decisions to stem the debt crisis in the eurozone.Europeans should take measures to stabilize Greece and the banking sector. Strengthening the emergency fund indebted countries (EFSF) was particularly mentioned. Donors of the "troika" must return to the country Thursday confirmed aa the European union. German Chancellor Angela Merkel said Wednesday await the outcome of the audit of the troika on the financial situation of Greece, to determine whether or not to renegotiate the terms of the second aid plan in the country decided July 21 .

Meanwhile in Europe, the rigor needed everywhere. After Greece, Ireland, Portugal, Spain and Italy, it was the turn of France to deliver a message of rigor.The government will finalize a 2012 budget of rigor at 17:00 with a public debt of 87% in 2012 and a tax ratio that exceeds the 44% of GDP next year, against 42.9% in 2011.

The numbers of zero growth (0.0%) in the second quarter were confirmed by INSEE on Wednesday morning. Other macroeconomic indicators are expected across the Atlantic: orders for durable goods in August, the United States will be published at 14.30 and the weekly crude oil inventories at 16:30.

As for the oil markets, a barrel of "light sweet crude" for November delivery lost 1.25 dollars to 83.20 dollars in the morning. A barrel of Brent North Sea crude for November delivery gave 96 cents to 106.18 dollars.The previous day, oil had spread over 4 dollars in New York.

The bank to follow

Among the values ​​to be followed, the bank, which had literally flown Tuesday, evolve piecemeal. BNP Paribas advance of 3.59% to 31.13 euros.

Societe Generale (-0.02% to 20.50 euros) also seeks to sell its stake in Newedge, a subsidiary jointly owned with derivatives Crédit Agricole (0.91 to 5.23 euros), as part of its plan to sell non-strategic assets, according to Reuters.

Green Bank is expected to announce a sale of assets today, reports the Financial Times. Following the example of BNP Paribas and Societe Generale, Credit Agricole and wants to improve its solvency ratios.The amount of the sale, however, was not known by the British newspaper.

The Franco-Belgian bank Dexia (0.33% to 1.51 euros) examine options to strengthen its balance sheet but excludes any split in the group, said Tuesday its chairman at the end of a board whose held fueled much speculation.

Neopost (-2.34% to 56.36 euros) on Tuesday announced an increase of 2.7% of its turnover in the first half (+5.9% excluding currency effects).The solutions specialist courier has confirmed its forecast 2011 and launched a plan to optimize its structures in the United States and Europe which should generate annual savings of about 7 to 8 million euros in 2013 .

Renault (-1.83% to 25.79 euros): According to a source close to the deal quoted by Reuters, its partner Nissan will invest $ 1.5 billion (1.1 billion) in building a factory in Brazil, capable of producing electric cars.

Alten (-3.79% to 21.55 euros) back fortementmalgré the publication of a net income up sharply in the first six months of the year (+26% to EUR 31.9 million) and perspectives optimistic about the rest of 2011.According to analysts of Gilbert Dupont, "the key issue now is the level of activity in 2012," for which the markets seem pessimistic

Goldman Sachs lowered its recommendation to "neutral" to "sell" and target price of 40 euros to 26 euros previously Peugeot (-1.06% to 16.74 euros).

Goldman Sachs has increased its share in Eurotunnel (0.98% to 6.48 euros), crossing the 25% threshold of voting rights, according to an opinion of the AMF, on Wednesday.

Sanofi (1.43% to 50.23 euros) has successfully placed a bond issue of one billion dollars (0.73 billion) maturing in 2014, with a coupon of 1.20%. The title Sanofi rose 0.73% to 49.88 euros.

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"France presents its budget discipline

Other major European markets are evolving in a piecemeal, Frankfurt ahead of 1.25% but London always yields 0.84%.

Moreover, the concern surrounding the problems of sovereign debt in Europe remains strong, especially as we enter a crucial week for Greece. The International Monetary Fund (IMF) said that a delegation will travel to Athens this week to determine whether or not the country can benefit from the sixth round of eight billion euros, it vital to avoid bankruptcy. Moreover, Germany will vote Thursday the agreement for the expansion of the scope of the relief fund of the zone (EFSF). Sunday, German Chancellor Angela Merkel expressed confidence the outcome of the vote.Evangelos Venizelos, Greek Minister of Finance, for his part spoke with Jean-Claude Trichet, head of the ECB, a debt restructuring Greek.

In an effort to reassure global markets, finance ministers of the euro area are committed in a common text, to "do everything necessary to solve the crisis of debt and financial stability of the area in whole and its Member States. "The idea of ​​taking office faster than expected EFSF has also been raised by Germany this weekend.

EU Commissioner Olli Rehn himself has said that Europeans reflected to provide the EFSF additional instruments, beyond those agreed in July to give "more power" in an interview with Die Welt newspaper.

The Ifo index better than expected

The Ifo index of business climate in Germany has brought a little balm in the heart of investors. Ila recorded in September a decrease less than expected payday loans.However, this is its third consecutive decline, which seems to suggest that the activity of the first euro zone economy is slowing.

Program from the rest of the week are particularly, the index of investor confidence and U.S. consumers (Tuesday), the final reading of French GDP in the second quarter (Wednesday) and U.S. (Thursday) and retail sales in Germany (Friday).

As for currencies, the euro still appears under the $ 1.35 this morning at 1.3407 dollar. Oil prices, however, went up the slope in morning trading, amid hopes of an agreement to increase the reserve fund for the eurozone.A barrel of "light sweet crude" for delivery in November gained 18 cents to 81.04 dollars a barrel and Brent North Sea crude for November delivery took 42 cents to 104.39 dollars.

Values ​​to follow

• Banking

The banking sector led the trend. By late morning, returning 7.7% BNP Paribas, Credit Agricole and Societe Generale 7.3% 4.54%.

Rumors are still running on a recapitalization by the state of all French banks. The Journal Sunday this weekend evoked an injection of 10 or 15 billion euros.

In addition, the Deposit, the Postal Bank and Dexia negotiate the creation of a new public to fund local governments, according to Le Figaro.In addition, the Franco-Belgian bank could increase its program to sell its toxic assets, housed in bonds, 20 billion euros, according to Les Echos.

• LVMH (-2.23% to 103.10 euros)

The group announced Friday now hold almost all the shares of the Italian jeweler Bulgari, the luxury giant announced the takeover in March.

• France Telecom (-0.91% to 11.40 euros) Iliad (-0.70% to 84.80 euros), Vivendi (-1.29% to 14.57 euros), Bouygues (-1.89 % 24.43 euros).

The state is on track to win his bet on the financial 4G mobile frequencies after a first series of which reported more than budgeted and, according to experts, suggests an aggressive posture in the second round by operators who have not had the expected number of lots.

Note that the IPO of Groupama, long anticipated, was again postponed and is now expected "more towards 2015," said its director general, Jean Azema, in an interview with Les Echos.

To bring the house down, the dealer puts in. .. Phoenix house worth up to 240,000 euros. Even better, the winner will also receive a check for 70,000 euros to help it acquire the land at the place of his choice. To be housed for life by Carrefour, just shopping in one of the hypermarkets of the sign. At checkout, you get a scratch ticket. It should then save the code on the site Carrefour.fr.The draw will take place October 31.

To attract as many customers as possible in its hypermarkets, Carrefour promises that the value of the jackpot will increase the number of participants small personal loans. If they are few, it will be a modest house of 82 square meters, valued at 150,000 euros. But if the lottery wins the success hoped for, it will be an opulent house of 132 square meters, estimated at 240,000 euros.

Never in Leclerc and Auchan

With this operation, the successor to back promotions and wine fair, the retailer hopes to make its customers wait until November. To fulfill its stores, Carrefour will then be discounted to Christmas, with many offers for meals and gifts.

The winner of the lottery the moment will have to wait 2012 to celebrate the holidays in his house Carrefour, surrounded or not by products from the distributor.But the brand hopes that the proud owner never will buy at Auchan or Leclerc, and that he will remain faithful.

These two proposals, which, according to officials in Moscow, are currently before the town hall. For now, the company manages parking only international airport Sheremetyevo in the north-west of Moscow. But she wants to continue to grow in the country. "Russia is one of our objectives clearly displayed.(..) We have a desire to develop ourselves in this country where the need for parking facilities are very important, "said a spokesman for Vinci, who declined to give further details on the subject.

Demand exceeds supply

Several years ago, the giant French had already proposed to invest $ 300 million (210 million) in the construction of underground parking near subway stations and in the central arteries of the capital (Tverskaya, Lubyanka). "But officials do not have their assigned sites in places as important," the newspaper said. Same for the metro, which is of interest, "which are under state protection."

Previously, the city financed the construction of car parks and subway lines with its budget without resorting to foreign investors.But today, the ability of Russian manufacturers is not enough to complete all projects planned by the city of Moscow. Therefore Vinci "has all these opportunities" to participate in construction programs, the officials commented.

Of large projects

By five years, the mayor of the Russian capital plans to create nearly 2 million parking spaces, and has already launched tenders for the construction of seven parking spaces for a total of 1520 seats. "A place so close to cost 200,000 rubles (500 euros) and will be more beneficial if an investor takes over the construction of a network," says the director of the Department of Antimonopoly Policy of Moscow Gennady Degtev.

As for the extension of twelve subway lines, the mayor of Moscow also has gigantic projects.The plan to build 14 stations expected to open within two years and opening 75 km of new lines paydayloans. To do this, it provides 343 billion rubles (8.5 billion euros) in its budget between 2012 and 2014.

Possible support for Putin

Through collaboration with the contractor Arkadi Rotenberg, Vinci won the 2009 tender to build the first section of the highway Moscow-Saint Petersburg, whose total cost is estimated at 66.081 billion rubles ( 1.65 billion). According to a former official of the Moscow mayor, support Rotenberg, close to Putin, will once again allow the French company won the contract.

The group Vinci has extensive experience in the construction of car parks in the world.He also participated in numerous construction projects in the metro French cities (Paris, Rennes) and abroad (Budapest, Athens, Hong Kong). However, analysts said, one of the main handicaps of Vinci, the lack of experience on the Russian market. And this handicap could be considered by the Russians during the bidding process. Vedomosti also states that the manufacturer Austrian Strabag also plans to get into the race for the extension of the Moscow metro.

The construction of the highway Moscow-Saint Petersburg is controversial

In July 2009, the Russian Federal Agency Rosavtodor decided to entrust the construction of the first section of the highway Moscow-Saint Petersburg (15th to 58th km) to the North-West Concession Company (NWCC), as part of a public-private project.This company is owned 50% by the French Vinci, the remaining capital is shared between the contractor and the fund Arkadi Rotenberg "N-trans." The construction should also be done with funds from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the funds of Russian banks VEB and Sberbank. Investors in the NWCC received in exchange for the right to operate the highway for 30 years. But the construction project, which started in 2010, has generated considerable controversy among associations of environmental protection because the route of the highway, which passes through a protected forest. Work has been frozen by Russian President Dmitry Medvedev in August 2010 and were resumed in April 2011. After the withdrawal of the EBRD and the EIB, the group Vinci is the only Western participant in this project.

After aligning the day before a third consecutive session, the U.S. stock markets may experience a more mixed session on Thursday. As of Wednesday evening, the title of Apple, the Apple brand famous plunged 7% in electronic trading after the close of trading in reaction to the departure of the group's founder, Steve Jobs, Tim Cook replaced by .

So that investors may enclose the value seriously, now, from the beginning of the session. The stakes are high for Apple.On 9 August, Apple had a happy time oil giant Exxon Mobil's first-place capitalization in the world in full trading day before falling on the second step of the podium.

Unemployment menu

In terms of macroeconomic indicators, the weekly jobless claims, which will be published before the start of the U.S. session at 2:30 p.m., will also be monitored. A consensus of analysts expected a slight decline to 405,000, against 408,000 previously.

Wednesday night, orders for durable goods in the United States had rebounded in July, prompting stock markets to rise, on both sides of the Atlantic. "But the indicator of business spending showed the U.S. economy remains fragile," do, however, keep stock analysts from Barclays.In a context marked by the end of the indicators is misguided, or worse in reality than it seems, investors are on their defense.

Meanwhile Jackson Hole

Especially since tomorrow is Friday that Ben Bernanke will speak from Jackson Hole this Friday at 16:00. We will then know whether a possible third last monetary easing, on which markets have been speculation this week, will be decided. Alternatively, investors can look forward to continued low interest rates likely. The second estimate of U.S. GDP for the second quarter will also be unveiled.

The growth rate of the world's largest economy in the spring, which had greatly disappointed a month ago, could then be revised down 0.2 percentage point to 1.1%.