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Good news for the restaurant industry. Three years after the creation of the restaurant attached to Blanquefort, in Gironde, Thierry Marx, the chef and vowed the show "Top Chef" on M6 on Monday inaugurated its training project "Kitchen, user manual (s ) "in the 20th arrondissement of Paris, where he originates. Intended primarily for unqualified young people and people in rehabilitation or retraining, this theoretical and practical course of 12 consecutive weeks, including 4 weeks of internship, is free. Best of all, the eight students selected for this first session will graduate (certificate of professional qualification) after training. "'Kitchen manual (s)' offers a new approach to integration and training", says it does in the office of mayor of the 20th arrondissement of Paris, a project partner alongside The associations Eating the Heart and Panorama, and groups of Adecco recruitment and kitchen equipment Enodis. A project all the more original it is worn by Thierry Marx, a star of the stoves was at the forefront by launching into the niche of molecular cuisine.

Thierry Marx. Photo credit: Jeff Nalin.

Whatever the final scope of the Franco-German compromise on a European recovery plan, a point is a virtual consensus: the European Investment Bank (EIB) will be further tapped. During his campaign, Francois Hollande has repeatedly cited the institution, explaining to want to see more funding for innovative projects. Chaired by a German, Werner Hoyer, the EIB has the added advantage of being compatible with the philosophy of Berlin in public finance.

Created after the Treaty of Rome, in 1958, this arm of the European Union acts as a conventional financial institution with its shareholders – the 27 EU member states – and its own funds – 232 billion – which it serves as collateral to raise funds on the market and in return grant funds to the public sector. In other words, an appeal to the EIB does not dig, as such, deficits in the area.

Finance ministers of Twenty-Seven will meet Tuesday morning in Brussels, the Governing Council to start work on the practical modalities of strengthening the institution. An exercise stress: no question that the EIB, currently rated "AAA" by the three major agencies, lose this precious document. Where applicable, the cost of refinancing is found in heavy and interventions become less effective.

Two schemes in the study

Request more loans the EIB is therefore to provide in return the appropriate funds. Two schemes are under consideration. The first is to rely on the EU budget. The idea of ​​bringing the Commission to the capital being strongly opposed by the Member States, the solution that emerges would be to use part of European funds as collateral for loans which would then be granted by the EIB. It is this pattern that has been adopted in Greece, for example where the Bank has committed to lend up to 1 billion euros for innovative SMEs from a guarantee of 500 million EU.

The second scheme – which holds the rope – is a mere increase of the EIB's capital, financed by the 27 shareholders. The magnitude of this increase would be about 10 billion euros, which would allow the EIB to grant 60 billion of loans that can generate around 180 billion investment, thanks to the leverage caused by the co-investment from the private sector. An overall figure on which refuses to engage the side of the EIB, "everything depends on the type of investment, leverage is stronger in the context of public-private partnerships in SME lending" says an official. However, the figure of 10 billion additional capital seems to be confirmed.

The impact is not negligible for the European states. The two main shareholders of the bank, France and Germany, which each own 16.5% stake, will write a check for $ 1.65 billion. And even if it is not, strictly speaking, additional debt, the stress on budgets is important. The talks between finance ministers will continue in the coming weeks, to stop a scheme before the European Council in late June.  

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In little over a year, 100,000 people have volunteered to open their personal health record (DMP). Agency shared information systems of health (ASIP-Health) announced results Thursday at its annual conference. This virtual folder, which can gather on a server computer history, prescriptions, diagnosis, hospitalization reports or analysis, or CT images or MRI, is accessible and modifiable by healthcare professionals with the agreement of their patient.

While the PS deputy Gerard Bapt just requested an audit of the Court of Auditors, denouncing a device expensive and too centralized, the DMP driver, Jean-Yves Robin, director of the ASIP-Health, insisted yesterday: "Yes The DMP had its schedule. Yes, there on the ground. Yes, he has mastered its cost. "Let € 94 million for five years of experimentation, then 60 million to start the generalization. But, says Jean-Yves Robin, "we have yet to develop uses" – a folder contains on average 2 documents for the moment.

If the director of the ASIP-Health is struggling to hide a hint of annoyance is that the DMP was born with a disease that weakens always skepticism. Blame it on her "parents", Philippe Douste-Blazy and Xavier Bertrand, who in 2004 had promised to equip all the French mid-2007, to the point of wanting to lower repayments of those who would not use it. A flop.

Physicians bill pay

The project started from scratch in late 2009, driven by Roselyne Bachelot. Jean-Yves Robin hoped for a faster take-off – he had advanced "order of magnitude of 2 million cases opened in 2011." But he justifies, the first software that allows healthcare professionals to transfer data with a click of their computer to the DMP a patient arrived late (only 1% of doctors have them). Medical unions are also demanding more or less directly, compensation for time spent to update the DMP – they have not yet integrated this criterion in the "pay for performance" in general they just set place with Medicare. Finally, in 72 hospitals and clinics "converted" in 3000, opening a DMP is rarely offered routinely on admission, contrary to what the Health ASIP-imagined, but in only a few services.

Still, Jean-Yves Robin is convinced that the machine is, this time launched, with a number of cases opened each week steadily increasing (currently 3500). New goal: "300,000 cases by 2012, and a million DMP during the next year."

The candidate Francois Bayrou – joined by Philippe Douste-Blazy? – Wants to speed: for him, the DMP, and avoid repeat several times the same tests or prescribe medication incompatible, will save 4 billion per year. This figure "is not reasonable, disapproves of the president of the ASIP-Health, Michel Gagneux. It is a long term project, which will not yield savings anytime soon, although I am sure it will ultimately efficiency factor. Any expert who will quote any figure is lying to you. "

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The year 2011 was tumultuous for CMA CGM. While in 2010, the third world shipping company had posted net income of $ 1.62 billion, in 2011 she accused a net loss of $ 30 million. Revenues increased 4% from last year to $ 14.8 billion, but its profitability has declined. Operating income from CMA CGM has increased from 2500 to 711 million dollars. "That's because the economic environment has become difficult as we have in place operational partnerships with our competitors MSC and Maersk," said Rodolphe Saade, chief operating officer of the Marseille group.

Clearly, the three major groups pool their fleets on certain routes to amortize the high cost of fuel. It is true that rising fuel prices accounted for an additional cost of one billion dollars in 2011 for CMA CGM. The French group has implemented a program to slow the speed of its container to reduce its consumption. The rotation between Europe and Asia should thus lie in seven days.

A debt of $ 5 billion

The company also suffered from extremely low freight rates. Since the beginning, however, the different maritime groups have all revised upwards their prices. On the road between Europe and Asia, the price of shipping a forty foot container expected to rise from 1200 dollars to 2700 dollars at CMA CGM.

But the group that came close to defaulting in 2009 continues to be weighted by a debt of $ 5 billion. 'E have met Tuesday with banks to reschedule debt, says Chief Operating Officer payday loan lenders. We were not able to meet financial commitments whose ratios were established according to the year 2010 was historic. "The negotiations with 72 banks, led around a creditors' committee of a dozen French banks and international, should continue into late June. The call for strategic investment fund (FSI) could also be considered even if the previous call to the ISP of the foot had resulted in a setback. "We had realized that we did not need the ISP finally, remember Rodolphe Saade. The door was not closed and this could be a possibility again. "

The difficulties do not prevent the group's leaders to consider in 2012 with optimism: "The worsening economic situation in Europe was offset by strong performance of South America, Africa, Russia, the India and even the Americans on the transpacific route. We plan to return to profit in 2012, "said Rodolphe Saade.

In the longer term, the leaders of CMA CGM could even go to the market: "To sustain growth and development of the group, we will need funds and as banks are very reluctant to invest in shipping, we plan, if the market permits, an IPO in 2014, "said Rodolphe Saade. It would be a turning point for the family group.

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Saturday accused by Marine Le Pen to slaughter according to halal "all meat" distributed in the Ile-de-France, industrialists defend themselves. President of the National Association of interprofessional Livestock and Meat (Interbev), interviewed by France Info, the judge charged the president of the National Front "absolutely false".

"In the Ile-de-France, a vast majority of meat is not slaughtered according to halal or kosher," which involves killing animals without stunning, ensures Dominique Langlois. "It may be that parts or pieces of meat from carcasses are slaughtered according to these rites, but that does not change the quality of meat and it does not change at all the qualities of the product," adds Will it.

For professionals in the meat, the charge of Marine Le Pen "is meant strictly political and did not match the reality of things." "It's a debate that can only be detrimental to both the meat industry to French and French production that does not need it," warned the president of Interbev.

The animal rights groups mobilized

This debate is not new. Since a 1964 decree, the slaughter in France requires the stunning of animals before killing, thereby mitigating their suffering. But European legislation provides an exemption, "when stunning is not compatible with the ritual prescriptions under the free exercise of religion."

Last year, six associations have denounced the increasing proportion of animals slaughtered according to Jewish or Muslim rites. According to the Foundation Brigitte Bardot, who had made an investigation in slaughterhouses, more than 60% of sheep and goats, 28% of adult cattle and 43% of calves were then killed without stunning.

In Ile-de-France, according to a study by the House of livestock and quoted this week on the show Special Envoy on France 2, the five slaughterhouses in the region adhere to Islamic and does not stun their animals. The reasons are economic, in order to distribute the meat in the halal butchers and traditional, where consumers are not necessarily aware of the method of slaughter.

Approval before waive stunning

Two bills were filed in late 2010, the Senate to the Assembly, without success, to obtain a specific labeling of meat slaughtered without stunning paperless payday loans. "The consumer has the right to know what he eats. He has the right not to eat meat slaughtered in a ritual which does not believe him, "argued the UMP deputy Nicolas Dhuicq. A new amendment, introduced in September 2011, was also rejected.

On 29 December, a decree was published in the Official Journal, however, requiring 275 French slaughterhouses to obtain, on or after 1 July 2012, before an official authorization from the rule of stunning. "It does [may] be granted only to slaughterhouses in favor [...] of a registration system to verify that it is used to slaughter without stunning as a result of justifying the commercial orders, "said the Ministry of Agriculture.

Marine Le Pen wants to complain

The animal rights groups have expressed quite satisfied with this text. "Being able to justify a ritual slaughter is a specific order is important because, currently, most of the meat of this kind of slaughter is found in conventional circuits without any indication to consumers," recalled Christophe Marie, spokeswoman Brigitte Bardot Foundation.

Marine Le Pen was not in favor waiting for the entry into force of the decree. On the sidelines of the convention of his party, being held this weekend in Lille, it announced its intention to attack "a few major retail supermarkets in Ile-de-France for misrepresentation of the product." She said wanting to file a complaint with a civil order for a judge to be seized, which could lead to an investigation of several months.

On the government side, said Sunday it does not have "accurate information" about the slaughter in Ile-de-France. But a spokesman for the Ministry of Food said that the meat supply in the region "did not originate exclusively" in the slaughterhouses of "proximity", which "may have to supply a particular community, and therefore work according ritual slaughter of halal or kosher. "

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The tone rises between Orange and Free Mobile. Both operators have had a long meeting Tuesday afternoon on their roaming contract. Neither party did not wish to comment. This contract allows Free Mobile, which has pledged to cover 27% of the population with its own network, using the Orange network for the remaining three quarters, pending the gradual ramp-up its own infrastructure.

But Orange claims that 90% to 95% of calls made by customers Free Mobile currently go through its network. "The rise of Free Mobile Traffic is bigger and faster than had been anticipated and announced by Free. When you put these offers on the market, is expected to be some demand. There was a big underestimation on the part of the Free ", on Tuesday said the CEO of Orange, Stéphane Richard, on lepoint.fr.

"We manage the network from day to day, but it is in the interest of both parties to adapt the forecast, because the situation is not entirely satisfactory. We're open to our partner Free, and we will talk together. I hope we can ensure that the agreement can continue, "he said. Free Mobile home, he denies any tension or psychodrama, saying it is normal discussion between two partners.

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It's already Christmas in the "civet"! The government has made on Friday, a nice gift for tobacconists. Their pay on each pack of cigarettes will increase from 6.5% to 6.9% of the selling price. This increase will begin in January 2012 and will be spread over five years, the duration of the new "future contract" signed between Valérie Pécresse, Minister of Budget and Pascal Montredon, president of the Confederation of tobacconists. This is in addition to various support measures for tobacco shops located near the border and in rural areas, estimated at 320 million euros.

The increase in compensation benefits, it at all tobacco shops alike. Paradoxical, because "the sale of tobacco as aids have allowed your average income increase by 57% between 2002 and 2010," as recalled by Valerie Pécresse to tobacconists, who held their annual conference in Paris Friday."In total, more than 1 billion euros that came with your support and profession, which has also benefited, for many of you, the effects of the reduction in VAT in catering."

"At least 10 cents more per pack"

In early 2003, a sharp rise in prices had collapsed sales and forced the closure of nearly 5,000 retailers. There remains 28,000. But since 2004, the price increase regular, moderate (6% per year since 2009) did not in fact impact on the number of cigarettes sold in tobacconists, to the dismay of supporters of tobacco control and Department of Health. As a result, sales of tobacco outlets rose year after year at the rate of inflation of cigarettes for their benefit as for that of tobacco, and especially of the state, who pocketed 80% of price of a pack, which brings in each year over 10 billion euros Business Card Holders.

While the additional gift to tobacconists would have no direct impact on government accounts. In all likelihood, the increase will be offset in compensation not to lower fees charged by Bercy, which closely monitors its accounts, but rather by a decrease in compensation of the tobacco industry, as was the case in the previous contract for the future.

To the extent that tobacco companies have no intention of making less money, they will offset the decline in their pay on each packet by an increase in their prices. "To erase an annual decline of 0.1% of our earnings should be increased by at least 10 cents the price of a package," says one manufacturer. "It's a vicious cycle that will strengthen the cause of the difficulties of cross-border tobacco shops," adds another.

Tobacco companies can increase their prices at the beginning of each quarter.Their next rate adjustment will occur not necessarily next January, to the extent that prices will rise by 6% already on Monday, October 17 or 10, as decided by the government. The pack of Marlboro will then 5.90 to 6.20 euros.

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Pressure on Europe. Even before the G7, which met Friday night in Marseille finance ministers and central bank governors of the G7 (U.S., Japan, Canada, Germany, France, Italy, UK), Christine Lagarde urged leaders of the Old Continent to "act now and boldly."

Executive Director of the IMF did not hesitate to dramatize the situation. "The world economy is in a period fraught with danger," she said in London, alongside the British Chancellor of the Exchequer, before flying to Marseille.She reiterated her concerns vis-à-vis European banks: "Faced with the rising risks and uncertainties and the need to convince the markets, some need to strengthen their capital." We explained to the IMF and the European economies are funded for three quarters by banks and only a quarter through the markets (the opposite in the U.S.) and are highly dependent on the health of their banking system.

Old friend of Christine Lagarde, the U.S. Treasury Secretary has also multiplied the statements at the Europeans. In an article in the Financial Times, Timothy Geithner asked "an unequivocal commitment to support the European financial system and ensure that states can borrow at interest rates as they adopt sustainable reforms."Then, Friday afternoon, he returned to the charge, live from the Old Port with Bloomberg TV in the rooms was sending a market enchanting image: "It is very important for the world that the Europeans do the right thing , he said. It is in the interest of the United States that the euro will survive. "

Tensions

The G7 meeting ended, Friday night, for a press conference Baroin, who chaired the proceedings. The central bankers have published "terms of reference" that mark a commitment to "strong" and "coordinated," said Baroin, on four themes: the challenges of the global economy, the balance between fiscal consolidation and recovery, pursuing monetary policies that allow banks to supply the necessary liquidity, and the reform of financial regulation.

The responses of the G7 remains limited.The possibility of an announcement of coordinated central bank for monetary policy even more generous seems unlikely, "I do not think we will see that," Geithner acknowledged. The IMF, whose services are exposed to a new state G7 encrypted in the world economy, called for a stimulus modulated, depending on the situation of each country, welcoming the passage the Obama plan for employment (see below below).

But Germany, the only G7 country whose public finances could provide room to maneuver, had refused in advance: "Combating the crisis with a debt even more pronounced, it would be the wrong path to take," said Wolfgang Schäuble, his finance minister. But that's another German who fed the conversations, Jürgen Stark, the chief economist of the ECB, resigned.

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The CAC 40 plunges into the red Monday. The benchmark index of the Paris Stock Exchange, which closed Friday on the day of a severe fall of 3.6%, falling more than 4.73% to close below 3000 points to 2999.54 points, after a opened down 2.41% to 3072.51 points. The movement is the same in the rest of Europe in London, the FTSE-100 index lost 3.58%, in Frankfurt the Dax was down 3.94%. Madrid and Milan unleash respectively 3.38% and 3.97%.

The health of European banks up to the center of attention. The President of the French Banking Federation (FBF), François Perol, recognizes this Monday, in an interview with Les Echos, that if "bank liquidity in euro is not a problem," "the dollar is more refinancing tense. "Executive Director of the International Monetary Fund, Christine Lagarde, in turn repeats, in an interview published Monday in Germany, criticized the request of a European bank recapitalization. "We think in general it is necessary to recapitalize European banks so that they are strong enough to withstand the risks associated with the debt crisis and low growth," she told the weekly Der Spiegel.

The chief executive of Deutsche Bank, Josef Ackermann, in turn, poured oil on the fire by saying that some European banks would not survive if they were to reassess the sovereign debt of their accounts at market price.Recapitalization forced the European banking sector could in turn send the wrong signal to markets, in this case the loss of faith on the part of authorities in the ability of measures to succeed, however, said Josef Ackermann .

Societe Generale lost 8.75% to 20.25 euros (largest decrease in the ACC). The bank is also penalized by the U.S. federal agency oversight of mortgage that has filed a complaint Friday against 17 major international financial institutions which include the French bank, for a total loss of $ 41 billion in bonds linked to subprime .

In its wake, BNP Paribas lost 7.33% to 30.97 euros, Crédit Agricole 6.22% to 5.80 euros and 4.85% at Axa 10.01 euros. Natixis lost 5.05% to 2.57 euros.The aerospace equipment Safran (-2.78% to 26.25 euros) will make its entry into the CAC 40 index, while the bank Natixis is about to leave, said Friday the Scientific Council of the indices of NYSE Euronext. The changes take effect Sept. 19.

Bad signals on growth

In addition to banking problems, the first global economy has fueled fears of a global slowdown by announcing Friday it had no jobs created in August. Following this announcement, Wall Street closed on a sharp drop of more than 2%. U.S. markets will do on Monday with European stock any procedure they will remain closed for Labor Day (Labor Day observed every first Monday of September)."Wall Street remains closed doors, it seems unlikely that operators take the slightest risk," said Chris Weston, an analyst at IG Markets.

In China, HSBC index of purchasing managers in the Chinese sector services slowed to an unprecedented low in August. Seasonally adjusted and calculated by the Institute Markit, it fell to 50.6 after 53.5 in July

No other indicator may move the indices are expected on Monday. One highlight of the week will be the release of the Beige Book Fed on Wednesday night, which will be the summary of economic conditions in regions in the United States payday loans direct lenders.

No recession expected in Europe

The side of the euro area, European Commission President Jose Manuel Barroso, has tried to reassure investors.Traveling in Australia, he said that the European economy would experience in the coming months a "moderate growth" without going into recession. "We do not anticipate a recession in Europe. The latest forecasts from the European Commission show that the growth will be at the meeting, although this growth will be moderate, it is true, "he said in Sydney.

Markit, the company that carries out the PMI, however, said on Monday that growth in private activity in the euro area slowed more than expected in August, falling to its lowest level in two years, reinforcing fears of a return to recession by the end of 2011. The composite index, which summarizes the activity in the service sector and manufacturing fell to 50.7 points against 51.1 points in July, according to a second estimate.

For his part, Jean-Claude Trichet, president of the European Central Bank said it is "imperative" to implement the decisions taken by Heads of State and Government of the euro zone in July to resolve the debt crisis.

The euro fell to 1.4127 dollars, its lowest level in three weeks. For their part, oil prices were down in electronic trading in Asia, depressed by the poor figures on employment in the United States. A barrel of "light sweet crude" for delivery in October lost 59 cents to 85.86 dollars per barrel of Brent North Sea crude for October delivery 74 cents to 111.59 dollars.Saft takes off

EDF: -2.77% to 20.37 euros

The Italian Minister of Industry, Paolo Romani, said Sunday he would meet Monday Proglio about the power company Edison.

ArcelorMittal: -4.67% to 13.46 euros

Peabody Energy and ArcelorMittal announced Monday it had extended until September 27, the period during which the short bid for $ 5 billion (3.53 billion euros) on the Australian Macarthur Coal.

Zodiac: -1.94% to 54.05 euros

The group said it had completed the acquisition of the American Heath Tecna and have reached an agreement with its banks to raise 300 million euros the amount of an existing credit line.

Schneider Electric: -6.01% to 41.35 euros

The French government intervened with the company to freeze a plan for the removal of one.000 temporary positions, the daily Liberation in its Monday edition, but the group has firmly denied to AFP such a plan.

Saft: 4.81% to 22.87 euros (largest increase in the SBF 120)

The American automotive supplier Johnson Controls will pay $ 145 million (102 million euros) to the French specialist in batteries as part of an amicable agreement ending their joint venture in the automotive industry, announced Friday the two groups in a joint statement.

Alstom: -5.16% to 29.21 euros

The group signed a 66 million euros with Iraq to build a power plant in the province of Nineveh in the north, said the Iraqi Minister of Electricity.

France Telecom: -1.67% to 12.36 euros

TPSA its Polish subsidiary has announced to contest the fine of 128 million euros that inflicted the European Commission.

After market, environment and Dried Assystem unveil their first-half results.

• The observation

Martine Aubry. "France is suffering from a triple deficit," the public finances, employment, and competitiveness, it says in the Journal du Dimanche (JDD). Two thirds of the deficits are due to the policies of Nicolas Sarkozy, she said, based on a report of the Court of Auditors.

Ségolène Royal. "It's not just a financial crisis but a crisis of civilization," suggests the president of the Poitou-Charentes in an interview with Le Parisien-Aujourd'hui en France. She said "the level of life and employment" are threatened.

• Debt

Aubry. You should immediately "remove 10 billion euros of tax loopholes" as mayor of Lille. It promises to allocate 50% of the financial benefit generated by this measure and the resumption of growth to reduce deficits, echoing a measure explicitly listed in the program of the PS.It is opposed by contrast to the golden rule, namely fixed in the Constitution the principle of balance of public finances.

Royal. "I move that the expenses are secured by new savings." It accuses Nicolas Sarkozy had "doubled the deficit" in part because of "tax breaks to large fortunes".

• Taxes

Aubry. "To boost growth, [should] drop to 20% corporate tax (IS) that reinvest" and penalize those who prefer dividends by increasing the SI to 40%.

Royal. She wants the Estates General on the reform of tax and tax. Then "a referendum to stabilize the rules for five years fast cash online." It also intends to "fight against injustice and tax fraud."

• Employment

Aubry. The candidate wants to eliminate tax benefits related to overtime "that block the hiring."She wants to allocate 50% of future budgetary scope to "investment for the future", that is to say much to use.

Royal. It does not mention once the words "employment" and "unemployment" in the interview to Paris to denounce the current situation. Without advancing a proposal on the subject.

• Finance

Aubry. "It is time to take up the policies on finance," she proclaims. She wants to create an independent rating agency and a financial transaction tax of 0.05% in Europe. What to report 200 billion euros a year, she said.

Royal. It offers "the entry of the state capital of banks that are helped," and wants "to prohibit speculation in government debt." It ensures that in countries where the banking system is controlled by the state, "growth is the appointment."

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