Economic Analysis and Indicators

L'Oreal, the world of cosmetics, said Monday the end of the term of a director of Liliane Bettencourt, replaced the board by one of his grand-son, John Victor Meyers.

The latter, aged 25, is a member of the supervisory board of the family holding company Tethys since January 2011.

Liliane Bettencourt, heiress to the group, is 89 years old. The candidacy of his grand-son will be submitted to L'Oréal shareholders at the next general meeting on 17 April.

A faxless payday loan can be a great source of comfort in that it can give you breathing space not just for the current emergency but after as well. Still, you should really consider only getting the amount that you absolutely need to get you out of your current predicament.

Activity in the services sector in France in January continued the upturn observed in December, Friday show the final results of the monthly survey from Markit director of purchases.

The PMI rose to 52.3 Segment, against 50.3 in December, and remains well above the 50 level that distinguishes growth from contraction. A first estimate, two weeks ago, had given it to 51.7.

The survey also showed a recovery in the "new business", the sector index standing at 50.4, against 49.8 in December. The sector index declining business prospects, however, from 58.2 in December to 54.5 in January.

The composite PMI ahead of his side in January to 51.2 against 50.9 in the first estimate and 50.0 in December.

"Although the latest PMI data point to a strengthening of growth in the French private sector at the beginning of 2012, signs of underlying weakness of the conditions remain, "observed Jack Kennedy, economist at Markit.

"The new business, especially, do not record a marginal growth while the outlook for activity displayed a low of almost three years. The climate of general uncertainty continues to prevail among both businesses and households in strengthening the government austerity measures, the prospects of the service sector remain French misguided for the first quarter of the year, "he adds

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European shares rebounded Friday after several sessions of decline, especially after a Reuters information that the Member States of the European Union are considering, as part of the future permanent mechanism for stability of the euro area, to give to involve the private sector in the financial rescue of a country.

This discussion is part of wider ongoing trade reform on the European Treaty, on which Nicolas Sarkozy and Angela Merkel agreed Thursday in Strasbourg, it was said sources familiar with the matter.It does not however affect the participation of banks and insurers in the second EU aid package to Greece, where they pledged to remove 50% of their claims to the country.

The information bounces European markets, which operated in the red after a disappointing auction of Italy.

The negotiations in Washington to skate "super-committee" Parliamentary expected U.S. fiscal consolidation, which has only four days to reach agreement.

The 12 members – six Democrats and six Republicans – of the commission to make public their proposals Monday before the vote on November 23.

Democrats and Republicans say they do not want to concede on their principles, but continue to negotiate behind the scenes. Veterans of parliamentary jousting believe that an agreement will be, as often found in the last hours.

"I think the super-committee will not surprise us.They will either come to an impasse, or a minimal agreement, "said the president of the St. Louis Fed, James Bullard.

The public debt of the United States has taken the helm Thursday of 15,000 billion.

The twelve elected officials must propose measures to reduce the deficit of a minimum of 1,200 billion (890 billion) over the next ten years.

If they fail, Washington's budget will automatically be reduced by this amount, the budget cuts on an equal military and federal programs. This principle was included in the agreement reached on July 31 by the two parties to raise the U.S. debt ceiling.

The Republicans, supporters of a strong Pentagon, seem most concerned about this prospect.

The rating agency claims to have taken action following the announcement of a wrong note degradation of France. She said also cooperate with the authorities have launched investigations. The rating agency Standard

The rating agency Standard & Poor's, which announced Thursday by mistake that France had lost its "AAA" rating, said on Friday it had taken steps to avoid repeating such a blunder, due to a confusion of his computer system. She said also cooperate with the authorities have launched investigations.In a statement, S & P states that it "determined that the wrong message yesterday (Thursday) on a gradient is a technical error completely independent of the sovereign rating of France and took immediate steps to prevent a similar error to reproduce ".

The agency explains that the error was triggered by a reassessment of the risks associated with banking sectors in different countries. For France, this criterion has been changed to "Not available" and "the system has erroneously interpreted this change as a degradation + +, which triggered the sending of a message to a limited number of subscribers registered to receive email alerts, "she said.

French banks have agreed to increase their capital to 9% as part of a coalition agreement with Germany to establish a common position before the G20 summit, said on Tuesday Foreign Minister Alain Juppe during the question session in the National Assembly.

"In the case of French banks, they undertake to get their share capital to 9% of their balance sheets (…) instead of 7% expected in 2013," he said in response to a member of his asking about the basis of the agreement to be reached between Angela Merkel and Nicolas Sarkozy before the G20 3 and 4 November.

"This will be achieved by mobilizing the income of banks themselves, who earn money, private capital and if necessary, ultimately, public capital," he told the National Assembly.

The Indian Defence and Offshore Pipavav said Wednesday it has signed an agreement with Airbus Industry and SKIL Infrastructure to develop the maintenance, repair and modernization of its facilities in India.

The agreement provides for an initial investment of $ 100 million.

In a statement, Airbus said the group will own 26% of the joint venture, with the option to increase this share to 49%. Pipavav will own 51%.

Greek trade balance benefits from a rebound in exports and a fall in imports caused by the recession. Greece in the storm

Greece has cut its trade deficit 29.5% in the first seven months of 2011, thanks to a recovery in exports and a drastic drop in imports related to the drop in consumption caused by the crisis, according to official figures published Monday.

The deficit in the Greek trade balance, excluding petroleum products amounted to 9.98 billion euros from January to July instead of 14.17 billion during the same period in 2010, down from 29, 5%, said a statement from the Greek Authority statistics.

During this period, the total value of imports excluding petroleum products fell by 14.4% to 19 billion euros against 22.28 during the comparable seven months in 2010.

On the export side, they have increased by 12%, again excluding petroleum products, 9.08 billion euros against 8.107 billion a year earlier.

According to the Greek Development Minister Michalis Chryssohoides, the recovery of Greek exports in 2011 comes from foreign sales of building materials, a traditional sector in Greece, which had declined in previous years because of the many construction sites in the within the country, now slowed by the crisis.

Including petroleum products, the trend of the export boom is even more pronounced because of higher oil prices: the value of imports fell 7.7% over the period to 24.7 millliards euros, and Exports jumped 41.6% over seven months to 12.48 billion euros.

More than eight in ten French people approve a regulation of property prices by the state, and 59% demand limiting rent increases. And you, what do you think? Cranes on construction sites in Marseille.

More than eight in ten French people say they favor a state regulation of the sale price of homes, according to an Ipsos for the developer Nexity, published on Wednesday by Aujourd'hui en France / Le Parisien.Among "the actions that the state can implement to facilitate the acquisition of real estate," 83% say it should "regulate the sale prices" 87% think it should "strengthen the interest-free loan "and 88% calling for a" price controls public land to build buildings at affordable prices. "

"One of France well housed"

Among the "priority issues in housing in your community and around in years to come," 59% of respondents also want to "limit rent increases" and 44% support a limit "price increases the purchase. "In general, respondents are 81% think that in the coming years, the goal should be "one of France well housed, while 18% think it should be" a France of homeowners. "

And you? Are you in favor of a rent control, including the relocation?

Do you think the state should-and can-also intervene to regulate the sale prices? If so, how?

Encourage home ownership you think there a good way to solve the housing problems?

Express yourself in the comments!

Nexity-Ipsos survey was conducted among 1,000 people representing a cross of the French population aged 18 and older. The interviews were conducted by telephone from August 22 to 25, 2011.

The President of the ECB press the Europeans on Monday to implement the plan of aid to Greece. It stresses the need "absolutely imperative" for budgetary surveillance state and evokes, ultimately, confederal Possibility of a government. Jean-Claude Trichet, President of the ECB.

"We have an immediate need and imperative that all these decisions are implemented." The President of the European Central Bank (ECB), Jean-Claude Trichet, on Monday stressed the urgency to implement the decisions aid to Greece agreed at the summit of the euro area, on July 21.

They are supposed to give the euro area financial and institutional resources necessary to prevent contagion to the whole Greek area.They need to come out, be ratified by the parliament of each of the signatory countries.

But the political obstacles to such ratification have multiplied in recent weeks. Finland wishes and its contribution to the plan is guaranteed by Greek and Athens, Slovakia, the vote of the parliament could only take place in December.

These uncertainties prevent an immediate strengthening of the financial resources of the European Financial Stability (EFSF), which must be able to buy government bonds to support countries in need.

Jean-Claude Trichet was widely considered "absolutely imperative" Monday to strengthen economic surveillance in the euro area. "We will in the coming days a new pillar of surveillance of macro-economic indicators of competitiveness and imbalances within the euro area," it was bliss.

Eventually, he reiterated, "we can imagine a government with a confederal Confederal Minister of Finance could provide the overall governance within the euro area and impose a particular decision." It would have a responsibility to support "the European position in international negotiations on the financial" and is also responsible of the financial sector, he said.

The President of the ECB has also complained that the European single market to 27 "is still far from complete, very strangely in the area of ​​services."

In addition to this "glaring anomaly", Mr Trichet spoke of "a major structural reforms".The Europeans, he joked, "like those operettas where they say, walk, walk, walk, run, run, run, remaining almost stationary."

"That's about what happens with the Lisbon Agenda" which was to make Europe's economy the most competitive and dynamic world, he noted.

Mr Trichet also estimated that world governments were "halfway" in their efforts to enhance the soundness of the entire financial system.