Greece turns his back to the troika: reactions in Athens – euronews

Greece turns his back to the troika: reactions in Athens – euronews

The new Greek leaders seem determined to break free from the control of the troika. They reported several times in recent days. They said on Friday including the boss of the eurozone Jeroen Dijsselbloem by the voice of Finance Minister Yanis Varoufakis (see here).

For many Greeks, these experts representing the ECB (ECB), the European Union and the IMF (International Monetary Fund) embody an austerity policy that they do not want Moreover, considering that this austerity has worsened their living conditions.

Dial without this troika, how is it perceived? The question was asked on Saturday to several Athenians. “If there is no plan B, says Fotis Paraskavopoulos, so you can feed some concerns. But the fact of not wanting to deal with the troika, this will have any problem. What I hope still is that the government has an alternative. “

” I do not know whether to be worried, says for his part Simonek Sophia. What I know is that people are tired. And that is why they voted for Syriza. I hope that things will work out and that leaders know what they do. “

Does Greece will ignore its commitments to the creditors? No, said Friday the president of the Eurogroup. To the contrary, the Greek government began a European tour this Saturday to clarify his views.
Finance Minister Yanis Varoufakis and comes to Paris this Saturday, before a visit by Prime Minister on Wednesday. Alexis Tsipras also will stop in Rome. Purpose of the tour: to try to find support likely, he said, to influence the German position on fiscal orthodoxy

.

Angela Merkel excludes a “new erasure” of Greek debt – Romandie.com

Angela Merkel excludes a "new erasure" of Greek debt – Romandie.com

German Chancellor Angela Merkel has ruled out on Saturday in an interview to the press a “new erasure” of the debt of Greece. Such erasure is desired by the new Greek Prime Minister Alexis Tsipras.

“There has been a voluntary renunciation of private creditors, banks have already given up billions of claims on Greece,” explained the German ruling in an interview with “Hamburger Abendblatt”. . “I do not see any new debt relief,” said Merkel

In early 2012, Greece had completed a debt exchange operation: private creditors had seen their tracks replaced by other, less profitable. Some 100 billion euros of debt have been deleted.

But the country under international financial assistance since 2010, still reeling under the weight of a debt amounting to 175% of its gross domestic product ( GDP).

Budget orthodoxy

                   “Europe will continue to show solidarity with Greece as the other countries particularly affected by the crisis if these countries are undertaking reforms and savings measures,” continued the chancellor, a follower of budgetary orthodoxy reject new authorities in Athens

Asked about the first government announcements Alexis Tsipras, such as increasing the minimum wage and hiring officials, Angela Merkel stressed. “We, -to say Germany and other European partners, we expect to see with what concept the new Greek government comes to us. “

Mr. Tsipras, who planned to visit Italy and France next week, wants to renegotiate the debt of his country. But some European leaders, particularly Germany, oppose him an end of inadmissibility and remind Greece to its commitments. No visit to the Greek Prime Minister is currently planned in Berlin

(ats / 01.31.2015 10:21) <-

(TTY / 31.01.2015 10.!: 21) ^ ->
 

Videos that should be of interest to you

Greek leaders calmed the game before starting to count their … – The Obs

Greek leaders calmed the game before starting to count their … – The Obs

Athens (AFP) – The Greek government has played appeasement Saturday in Paris before embarking on a European tour aimed at rallying the most of the country against the austerity policies, facing a Germany still uncompromising <. / p>

Prime Minister Alexis Tsipras asked Saturday in a statement released by his office “time to breathe” and assured “does not seek conflict.”

As he had said during his campaign, the leader of the radical left Syriza party has promised not to take any decision “unilateral” on the very thorny issue of the debt of the country

-. “Irresponsible”? –

In an interview in the morning, Chancellor Angela Merkel has again received a negative decision of any “delete”, even partial, of the Greek debt, held mainly by European states . The President of the European Parliament, Martin Schulz, even described the attitude of the Greek government as “irresponsible”.

It is against this hard line represented by Berlin that the Spanish anti-liberal party mobilized Saturday in Madrid tens of thousands of supporters, galvanized by the electoral victory of SYRIZA their ally.

Meanwhile in Athens, the boiling Finance Minister Yanis Varoufakis tried to extinguish the fire that he had turned on Friday, breaking sharply with the “troika”. This delegation of experts from the IMF, the ECB (European Central Bank) and the European Union confirms the payment of aid to Greece in assessing its economic and fiscal policy.

In an interview to be published Sunday in the magazine To Vima, Mr Varoufakis softened his remarks and said he did not want to “waste time making the troika, because it is not authorized to discuss the substance and logic” of the aid package 240 billion euros in place from 2010 for Greece.

Now, it is this “logic” that Greece wants to see, starting with clear at least part of its debt 315 billion, the equivalent of 175% of its gross domestic product

-. The hired Lazard –

Athens to take this advice from the French company -américaine Lazard, including Vice President for Europe Matthieu Pigasse publicly pleaded Friday for a discount of Greek debt by as much as 100 billion euros.

It was to defend also a vast stimulus program (rehire officers, raising the minimum wage, aid to poor households) and the end of privatizations, including that of the iconic port of Piraeus, Messrs. Tsipras Varoufakis and began a tour of European capitals.

The Minister of Finance share on Saturday for Paris.

He will meet Sunday at 17:00 (1600 GMT) with the minister Michel Sapin, which already stated its intention to play the “hyphen” between Greece and Germany, then the economy minister Emmanuel Macron. Then he will see his British counterpart George Osborne in London on Monday, and Italian Pier-Carlo Padoan in Rome on Tuesday.

Mr. Tsipras begin, meanwhile, on Sunday by Cyprus. It will then go also in Rome on Tuesday and Wednesday in Paris.

For now, the Greek ministers have not planned to go to Berlin, and dialogue of the deaf therefore continues through . Press

The Minister Wolfgang Schaeuble assured in a Saturday interview: “If I were a responsible Greek politician, I do not mènerais debate on debt relief”.

– The rigor camp gives voice –

Germany is not alone: ​​Prime Minister Pedro Passos Coelho refused any “conference that would be proposed to cancel or restructure the debt. “

In Berlin, it is understood that the Baltic countries are also advocates of tough on Greece.

This camp rigor on Saturday received the support of the Governor of the Central Bank of Finland Erkki Liikanen, member of the management of the ECB.

He said Saturday that the aid plan for Greece “had expired at the end of February, so a solution must be found, otherwise we can not continue to pay. “

The plan provides for the payment late February a new sum of seven billion euros, if Athens fulfills its commitments to reforms and fiscal discipline.

Greece can not afford to be released by the ECB, which supports its fragile banks themselves only source of state funding Greek.

Debt relief: The Greek-German showdown continues – 20minutes.fr

Debt relief: The Greek-German showdown continues – 20minutes.fr

Silver Angela Merkel reiterated her opposition to any negotiations on Greek debt …

Greek Prime Minister Alexis Tsipras – AFP

20 Minutes with AFP

• • Created 01/31/2015 at 18:53
  • Updated 31.01.2015 at 18:57
• Keywords

This is what is called temporizing. The Greek government tried Saturday to calm the anxiety which welcomed its first announcement, before starting this weekend in Paris for a European tour after his allies in its offensive against austerity.

“Time to breathe”

Prime Minister Alexis Tsipras asked Saturday in a statement by his office “time to breathe,” and assured “do not seek conflict” with European partners Greece, notably Germany with which the dialogue of the deaf continues, and international. As he had said during his campaign, he promised again to take no decision “unilateral” on the very thorny issue of the debt of the country.

“I am absolutely convinced that we will soon find a better deal, both for Greece and for Europe as a whole, “he wrote in a statement clearly intended to curb runaway from threatening his government from the radical left took office Wednesday.

On Friday, Finance Minister Yanis Varoufakis was especially noted that Athens was cutting ties with the “Troika”, the delegation of experts from the IMF, the ECB and the European Union which validates the payment of aid to Greece in assessing its economic and fiscal policy.

The furious Germany

The President of the European Parliament, Martin Schulz, called the attitude of the Greek government as “irresponsible” in a interview published Saturday. Chancellor Angela Merkel reiterated that he was not about to grant Greece a “erasure”, even partial, of its debt.

Yet it is a priority of the new claim government led by the party of the radical left Syriza. It take to make this board with the Franco-American company Lazard, including Vice President for Europe Matthieu Pigasse publicly pleaded Friday for a discount of Greek debt by as much as 100 billion euros on a total of 315 billion.

This is to defend a debt restructuring, but also a vast stimulus program (re-employment of civil servants, increasing the minimum wage, aid to poor households) and late privatizations, including that of the iconic port of Piraeus, Messrs. Tsipras Varoufakis and began a tour of European capitals.

The Greeks shun berlin

If the Greek emissaries will go through France, Spain and Italy, they n ‘ have so far have not planned to go to Berlin, and dialogue of the deaf therefore continues through the press.

The finance minister Wolfgang Schäuble assured in an interview with Die Welt Saturday: “If I was responsible Greek politician, I do not mènerais debate on debt relief.” Der Spiegel lifted its cover a picture of the Greek Prime Minister with the caption: “The nightmare of Europe.” And the media broadcast a poll showing that 76% of Germans are against deletion of Greek debt

Portugal has ranked behind Germany. Prime Minister Pedro Passos Coelho refused any ” conference to be proposed to cancel or restructure debt by appealing to the solidarity of the European peoples. “

According to a source familiar with the matter, the Baltic countries are also supporters of firmness with regard to Greece.

• Share this

• Follow 20minutes

Spain: first major test in the street, Podemos … – The Obs

Spain: first major test in the street, Podemos … – The Obs

Madrid (AFP) – Tens of thousands of people close to the Spanish anti-liberal party Podemos, an ally of SYRIZA, manifested on Saturday in the streets of Madrid in Spain also to demonstrate the will of “change” has never been as strong.

The great “March for Change” to leave at noon from the Plaza de Cibeles in Madrid to connect the Puerta del Sol, in the historic center, a compact crowd gathered without probably tens of thousands of people from the procession, according to several journalists from AFP.

“If se puede if se puede” (Yes, that’s possible), chanted the crowd. “Tick tock, tick tock, it’s time for change,” it added also on large banners of demonstrators disembarking bus from all over Spain.

The march comes less a week after the victory Sunday of the leftist Syriza, whose leaders have consistently campaigned alongside those of Podemos.

Coming from two European countries have experienced the worst of the crisis, with more than a fifth of their workforce unemployed, and Syriza Podemos share a rejection of the “troika” (Central Bank and European Commission, International Monetary Fund).

According to them, it is necessary to end the empire of international finance who forgets the human and the question of a debt restructuring.

“What happened in Greece is historic. Everyone knows that the next, it is Spain, “said Saturday the online newspaper Publico the French Jean-Luc Mélenchon, leader of the Left Party in France, also an ally of both training and who should be involved on Saturday.

The rally comes less than a year of legislative Spain and four months of partial municipal and regional elections where Podemos candidates are scheduled to present.

The party, founded it There was just one year, was the surprise early May 2014 by getting 1.2 million votes, five members, with the European.

Since then, his rise in the polls has been meteoric, regularly exceeding the Socialist Party and sometimes even the Popular Party (right) in power, theoretically becoming the first or second political force.

This is also “to end the two-party” and the “rotten regime “these parties after the end of the Franco regime in 1978, Antonio Lopez, a high school student of 17, traveled all night from Andalusia (south), by bus, to come forward.

– A Celebration –

Podemos, “We can,” from the Occupy movement born in Madrid May 15, 2011 to protest the high finance, austerity and the establishment deemed corrupt, the “caste “made an unusual challenge: manifest not” against “but” for this march must remove the fear people “

.”. Syriza led the way, “confided one of the protesters, Sergio Dominguez, 33, a mechanic in the aeronautics, unemployed for three years.

” This is not an event, it is a party, “assured his side one of the party leaders, Inigo Errejon.

” On January 31, we will demonstrate that together we will change the history of our country, “promises its leader, the charismatic political science professor Pablo Iglesias, aged 36.

“The enthusiasm and the will overflow into the streets” of Madrid, it added also on the Twitter account of Podemos, which, inspired by the “Yes We Can” Barack Obama, also resumed his recipes combining the extensive use of social networking, door-to-door and neighborhood meetings.

The party was violently attacked by right and left traditional Spanish who accuse him of populism and endanger the fragile economic recovery (+ 1.4% in 2014), promising “the moon and even the sun.”

Each day media close to one side or the other engaged revelations aimed to show what they describe as the true face of its officers, accused of hiding their extreme nature left or to be funded Venezuela.

Podemos has planned to finish his walk to the Puerta del Sol, a place which, because of its size, was already full at 12:30 (11:30 GMT). An image, which it hopes will mark the Spaniards.

Total is preparing the ground for refining restructuring France – Progress

Total is preparing the ground for refining restructuring France – Progress

         

The Total refinery at Feyzin / The Progress

For several months, the group warned that faced with the erosion of margins in refining in Europe, despite the rebound in the third quarter, a reorganization of its industrial park was inevitable.

 On Friday, the head of French oil giant confirmed in an interview with the newspaper “Le Monde”. “In France, two of our five refineries to lose money, one heavily. We are thinking about business transformation for sustainable sites “.
 But it ensures that the group will close “no industrial site” in France.

 Besides overcapacity, the refining sector in France also suffers from inadequate production structure to the application: refineries produce too much petrol and not enough diesel fuel while it enjoys tax advantages and represents more than 80% of volumes sold in the countries of service stations. The result: since 2009, the number of refineries has increased from 12 to 8 in France.
 Total intends therefore “capacity reductions,” according to the new boss of the refining and chemical branch, Philippe Sauquet, in an interview with Belgian newspaper L’Echo published on January 24, but did not specify where they will be realized.

 In France, Total operates five refining sites, sometimes associated with petrochemical, employing nearly 3,900 people: Donges (Loire-Atlantique), Feyzin (Rhone), La Mede (Bouches-du-Rhône), Grandpuits (Seine et-Marne) and Montivilliers (Seine-Maritime).

Two of them “experiencing economic difficulties, Donges and La Mede”, said the director of the refinery at La Mede, François Bourrasse mid-December in the daily La Provence. This southeastern site loses “on average 100 million euros per year,” he stated.
 Yet no question of talking about layoffs. “No one will be fired,” assured Patrick Pouyanné in an interview with the Financial Times on 21 January.

 It must be said that the subject is potentially explosive, particularly in view of the long social conflict over the liquidation in 2013 of the Petroplus refinery in Petit-Couronne (Seine-Maritime), and recurrent controversies over huge profits of oil companies.

 In recent years, the group has already restructured two sites in 2010 in Dunkirk (North) and 2013 (Carling, Moselle).

 A Carling, Total has invested € 180 million to transform its petrochemicals platform in European center for the production of hydrocarbon resins, but with the key to the elimination of 210 jobs by 2016.

 In 2010, the Flanders refinery, which employed 370 people closed but Total has converted the site into a training center for careers in petrochemicals, associated in particular with an oil depot and a technical assistance center. The set now represents 220 positions. Moreover, it has invested € 200 million in shares in favor of the local economy through an agreement with the state.

The former Group CEO, Christophe de Margerie, also promised at that time that the group would not close for another refinery in France before 2015.

AFP

The Greek Finance Minister, Yanis Varoufakis in Paris on Saturday – Les Echos

The Greek Finance Minister, Yanis Varoufakis in Paris on Saturday – Les Echos

The Greek Finance Minister, Yanis Varoufakis has advanced his visit to Paris where he will be on Saturday. He will meet with Michel Sapin Sunday at 17 hours. Alexis Tsipras will come to him Wednesday. A European program of visits in which the new Greek government should assert its outright rejection of the troika

.

Article (s) associated (s)

The Greek government will start on Saturday in Paris a European tour to count its allies in the anti-austerity offensive. The Greek Finance Minister Yanis Varoufakis, advanced his trip to Paris, where he arrived Saturday instead of Monday. He will meet his counterpart Michel Sapin Sunday at 17 hours and the two men will make a “joint statement” to the press at 18:30. It was originally scheduled to begin by traveling to London Sunday before Paris. The last minute change of plans was decided at the initiative of the Greek Minister.

Mr. Varoufakis and Alexis Tsipras, Greek Prime Minister and leader of the radical left Syriza party, announced this tour, when Greece intends to do from top to bottom review its relations with its international creditors. The two men planned to travel to Paris, then, on Saturday for the Minister of Finance, and Wednesday for prime minister, but also in Rome, where they will find both Tuesday. The visit program does not include Germany, the country most violently opposed to any discount on receivables of Greece. Germany has also recalled the good memories of Athens Saturday. Chancellor Angela Merkel told the daily Hamburger Abendblatt there would be no “ new debt relief ‘, one of the iconic promises of the new Prime Minister Alexis Tsipras. And behind 76% of Germans are against such a deletion, according to a poll published Friday.

Out with the troika

Bluff, unconsciousness or true determination, the Greek government was ready Friday to end the Troika to give up seven billion euros EU expected to end of February, while the state coffers are already vulnerable, bringing fears of a Greek exit from the euro zone . The Greek Finance Minister Yanis Varoufakis reiterated indeed officially before the head of the eurozone Jeroen Dijsselbloem remarks made by Prime Minister Alexis Tsipras and by itself for several days.

Greece wants to have “the greatest cooperation with the institutions” such as the EU, the ECB or the IMF, but has not “intend to cooperate” with what he called “a delegation Tripartite, anti-European, built on a shaky foundation, “the troika. Since 2010, these experts from the three major institutions, regularly travel to Athens to dictate to the government that it needs to undertake reforms in exchange for 240 billion euros have largely been paid to him to save the country from bankruptcy.

This regular presence, under heavy police surveillance, had become quite intolerable to the Greeks, the first victims of the crisis with more than 25% unemployment, and wages divided by two. They saw an infantilization of their country. To the point that the last two meetings, under the previous government, took place in Paris. These experts had to decide the end of February if Greece had made enough reforms to deserve the last seven billion of EU aid plan. With statements from Friday, this deadline seems null and void, and the Greek government gives no sign that it will request an extension.

“The seven billion We do not want “

Mr. Varoufakis observed indeed that there would be no logic to “criticize the program while calling for its extension.” Already on Thursday questioned by the New York TImes Mr. Varoufakis stated: “The seven billion, we do not want, what we want is to rethink the entire program.” Already last week, yet candidate, Prime Minister Alexis Tsipras said that as of February “meant nothing and was just intended to create a sense of urgency for the next government.”

During the joint press conference with Mr. Varoufakis Mr. Dijsselbloem – who had earlier met Mr Tsipras – appeared very tense, can only recall “ignoring the agreements is not the right path to take. ” Is that the implications of the Greek position can be enormous: “I think the probability of a Grexit (a Greek exit from the euro zone) took a few percentage points,” observed Alexander Delaigue, Professor of Economics at Saint-Cyr. “A solution where everyone saves face away,” he thought.

“These people do not bluff, but Greece will not manage to reach end of February, was alarmed Theodore Pelagidis, the think tank Brookings, Bloomberg. “The situation will get worse by the day, with the front line the banks of the country,” he said. According to Kathimerini newspaper in fact, there is currently less than two billion euros into the coffers of the Greek state, which have disappeared in late February. And public finances are even worse than the Greeks for some stopped paying their taxes during the election campaign, waiting to see what would come out of the polls.

“New European deal”

What seeks Greece’s pretty clear, “a European New Deal”, as explained by Mr. Varoufakis Wednesday. That is, try to find a flaw in the euro area to try to convince some countries to come together against fiscal orthodoxy defended in particular by Germany. Thus Mr. Tsipras and he will travel next week to see their counterparts in France and Italy, seen as the major countries that could be more sensitive to anti-austerity speech.

The other big claim of Greece is renegotiating its debt. Mr. Dijsselbloem opposed Friday at the “conference” desired by Athens about it, and do not reject the IMF Managing Director Christine Lagarde. He dryly noted that “this conference is, and that’s the Eurogroup.” Now the French banker Matthieu Pigasse, head of Lazard to advise the Greek banking restructuring fund for his part felt that a restructuring was “absolutely necessary” and required “to halve the debt held by public institutions in Greece “, roughly 100 billion euros.

All these announcements have disrupted the Athens Stock Exchange, which has relapsed -1.59% while the Greek 10-year bond had jumped to more than 11.5%, indicating high confidence of the markets.

Source AFP

Athens refuses to discuss with the troika – BBC

Athens refuses to discuss with the troika – BBC

Yanis Varoufakis, who refuses to talk to “the rickety Committee troika” had come to France on Monday. It is here that Greece believes guess the more sensitive ear to his arguments. This morning Angela Merkel has given a very firm message.

The dialogue between the new government of Alexis Tsipras and major European bankers starts badly. Receiving, Friday, President of the Eurogroup, the Greek Finance Minister Yanis Varoufakis, warned at the outset guest: he refuses to engage with the troika, representing the three main creditors of Greece, namely European governments, the IMF and the ECB. “Greece wants to talk well, but not with the rickety Committee troika” Varoufakis said. “Ignore the agreements is not the right path to take,” retorted the Dutch Finance Minister Jeroen Dijsselbloem. There have been more relaxed dialogue. The Dutchman made an immediate report of his meeting with his Greek counterpart to the entourage of François Hollande and Angela Merkel, who will have to find a common line to get through to the Greek government, highly trained on the substance and form even before the debate on the debt has actually started.

This Saturday morning, in the columns of Hamburger Abendblat , German Chancellor excludes a “new erasure” of the debt of Greece. (…) There has been a voluntary renunciation of private creditors, banks have already given up billions of loans to Greece. ”

“I think we need to halve the debt held by the public institutions in Greece”

Yanis Varoufakis visits in Paris today, as it was initially expected to come on Monday to speak with one counterpart Michel Sapin and Economy Minister Emmanuel Macron. Prime Minister Alexis Tspiras, will follow suit on Wednesday. The exact schedule of his visit to the French capital should be known later.

It was in France that the Greek government believes guess the most sensitive ear to his complaints. “A Greek debt restructuring is absolutely necessary,” said Matthieu Pigasse, head of Lazard who advised the Greek government. “I think we need to halve the debt held by the public institutions in Greece,” said the banker, listed on the left, on BFM. Either a slate of 100 billion euros to share between taxpayers in the euro area.

The standoff between Europeans and SYRIZA is observed closely by the markets. Pessimists see the screenplay of “Grexit” – rushed out of Greece from the euro – come back strong. Private investors are getting rid of some hastily Greek bonds – debt or equity – they have left. The borrowing rates for Greece to 10 years rose to 10.79%. More worryingly, the cost of borrowing to 5 years jumped to more than 15% on Friday. This means that in the eyes of investors, the risk of Greek default increases.

Greece, whose banks are emptied at speed, is kept under financial infusion by the ECB which has granted him a line emergency credit to power them. This allows the Greeks to go collect their tickets at the cash savings or distributors. But this lifeline is up to the goodwill of the ECB, one of the pillars of the troika, the SYRIZA government would like to avoid, but he can not do without for long. Except to precipitate a banking crisis and an exit from the euro.

Greece: Merkel excludes “a new erasure” of debt – The Obs

Greece: Merkel excludes "a new erasure" of debt – The Obs

Berlin (AFP) – German Chancellor Angela Merkel has ruled out on Saturday in an interview to the press a “new erasure” of the debt of Greece as desired by the new Greek Prime Minister Alexis Tsipras

“There has been a voluntary renunciation of private creditors, banks have already given up billions of loans to Greece,” explained the German ruling in an interview with the Hamburger Abendblatt. . “I do not see any new debt relief,” said Merkel

In early 2012, Greece had completed a debt exchange operation: private creditors had seen their tracks replaced by other less profitable. Some 100 billion euros of debt have been deleted.

But the country under international financial assistance since 2010, still reeling under the weight of debt reached about 175% of its gross domestic product (GDP).

“Europe will continue to show solidarity with Greece as the other countries particularly affected by the crisis if these countries are undertaking reforms and savings measures,” continued the leader, follower of fiscal orthodoxy rejected by the new authorities in Athens.

Asked about the first announcements of the government of Mr. Tsipras such as increasing the minimum wage and hiring officials Angela Merkel said: “We, that is to say, Germany and other European partners, we expect to see with what concept the new Greek government comes to us”

Mr.. Tsipras, who planned to visit Italy and France on Tuesday and Wednesday, wants a renegotiation of the huge debt of the country. But he opposes an end of inadmissibility of European leaders who constantly remind Greece to its commitments, especially Germany.

No visit to the new Greek Prime Minister is to the time provided in Berlin.

Total reduced its exploration spending by 30% in 2015 with … – Romandie.com

Total reduced its exploration spending by 30% in 2015 with … – Romandie.com

Paris (awp / afp) – French oil giant Total, affected by the recent drop in prices of oil, will reduce its exploration spending by 30% in 2015, said Friday the group’s CEO in an interview to the newspaper “The World”.

“In the past two years, exploration expenditures were $ 2.8 billion,” said Patrick Pouyanné.

As already announced, the group plans more generally to reduce capital expenditures of 2 billion to 3 billion USD from 26 billion USD last year.

The company also wants to “amplify the decline” of operational costs bringing them to 1.2 billion USD, “an additional force of 400 million.”

The group will therefore include reviewing its investment in mature fields whose return on investment is increasing and curb investment on US shale gas, “greedy capital but operations can resume quickly if rising crude oil prices,” said the CEO of the French oil giant.

“Some of the savings will also come from the renegotiation of contracts with suppliers because when oil falls, the price of services and equipment down, “said Mr. Pouyanné.

” We must react, especially not overreact ” , he said, stating that “Total has the means to stay the course.”

The company, which continues to lose money with its refining activity, also plans to restructure its French sites and make announcements “in the spring,” he added.

No site will be closed and “all Total employees Total employees will remain.”

Thursday, the Anglo-Dutch group Royal Dutch Shell had announced a reduction of more than 15 billion USD investment in three years, after a fall in net profit at the end of last year on the back of diving During the black gold.

In addition, the group has also improved transparency around its 900 subsidiaries it owns in the world, including several in countries considered as tax havens (Bermuda Virgin Islands and Cayman Islands).

Patrick Pouyanné announced that the group would publish in March “the list” of its subsidiaries, against 200 currently listed in its registration document.

He claims “subscribe completely in continuity” of former CEO Christophe de Margerie, died in late 2014, which decided in 2012 that the group would create more subsidiaries in countries considered tax havens.

afp / al

(AWP / 30.01.2015 3:04 p.m.)

(AWP / 30.01.2015 3:04 p.m.) ^ ->
 

Videos that should be of interest to you

Europe, a real stake in the debate over Greece – The Obs

Europe, a real stake in the debate over Greece – The Obs

“demagogues”, “provocateurs”, “Voodoo Economics” … The new Greek government, following elections last weekend, was not welcomed by the vivas in Europe. I must say that Alexis Tsipras, leader of the party Syriza and new Prime Minister, did not skimp on the shock ads to mark a break with the remedies imposed on his country by the Troika (ECB, IMF, European Commission)

• Hiring 2,000 employees;
• Minimum Wage Increase
• Increases in pensions;
• Freezing of privatizations courses (the port of Piraeus, electricity …)
• Access to care
• Increase in the top of the income tax …

And for good measure, Alexis Tsipras received as first foreign partner, the Russian ambassador. History clearly show that as small as his country, he has much to be boring. Of course, Greece is in NATO and has supported hitherto sanctions against Moscow, but nothing is set in stone, he suggests, for this gesture.

Inflate plumage

Obviously, there is a hand posture in these ads, we are at the beginning of a tough negotiation. To be credible before a fight, the cock shall inflate his feathers … Especially if it is small and is facing a much bigger opponent than him, Germany is very closed to the idea of ​​softening the fate Greeks by management of their public debt or new public investment.

No interest in breaking

The old road of European discussions consider this as a perfectly conventional dramaturgy . There will be an agreement, they assure, because no interest in a snap. After years of effort, even sacrifice, to comply with the rules “austéritaires” Troika, a “Grexit” (the nickname given to the possible exit of Greece from the euro) could cause a crisis terrible policy in the country, or even an explosion of the single currency. The President of the Eurogroup Jeroen Dijsselbloem was Friday in Athens to engage in dialogue.

The error that European leaders would do is to shut this exchange in a head-to-head German -Greek, while it may be an opportunity to fundamentally reform the European operation. The Greek crisis is indeed a symptom of a much deeper problem: the inability of the eurozone, born lame, to conduct an effective economic policy

Expanding the debate in Europe.

Many ideas are on the table for the euro works better. Create a political side to the monetary side, building a parliament of the euro area, launch common policies, creating a common corporate tax … Bill Emmot columnist of “The Economist”, invites Angela Merkel to take the initiative a “modern version of the Marshall Plan” to revive public investment, complete the liberalization of the single market and restructure sovereign debt.

Adjust the issue of debt

The issue of sovereign debt, whose service leaden budgets of several member states, should also go beyond the framework and only Greek to be addressed across the euro area. Since the beginning of the financial crisis, economists advocate tirelessly for the pooling of part of the sovereign debt of countries to ease their burden. For example, in 2011, the group of economists that advises the German chancellor had suggested to share the part of the debts of the countries above 60% of GDP, an idea taken today by economist Thomas Piketty.

These ideas seemed hitherto unrealistic, but the European game has been hackneyed:

• The electrical Greek tion, this democratic sting, has shaken the inertia
• Other elections are scheduled this year in Britain and Spain, with Europe to debate Central
• The IMF, aware of the failures of its traditional formulas, encourages different policies;
• The Central Bank has changed its policy, leaving the field to join the orthodoxy unconventional methods;
• Finally, a new European Commission has vowed to act , defined as that of “last chance” …

These different stars align, opening the possibility of a change of course. But the key to the success of such a reinvention, which would benefit everyone and deflate the growing nationalism is to find on the Paris-Berlin.

Pascal Riché

Alstom wins a mégacontrat for future subways of Paris – Boursorama

Alstom wins a mégacontrat for future subways of Paris – Boursorama

Alstom Transport has won a contract worth more than 2 billion euros (AFP / File / Georges Gobet)

Alstom Transport has won a contract worth more than € 2 billion to build new subways of Paris, in particular provide the first trains of the future Grand Paris Express network, which should be gradually deployed from 2019.

The RATP, the Transport Union of Ile-de-France (STIF) and the Society of Greater Paris (SGP) have awarded Alstom Transport market of over two billion over 15 years, and whose the first two tranches will be 100% funded by STIF.

Alstom MP14 and build up to 217 trains a new model to renew automated metro lines 1, 4, 6 and 11, but also to provide first subway network to the future Grand Paris Express.

“This decision is an important step in the renewal of rolling stock on pneumatic operated by RATP, as well as the realization of the Grand Paris Express “rejoice RATP, STIF and GSP. The first stage of the Grand Paris Express is the extension of the line 14 to the north, between the Saint-Lazare train station and the town hall of Saint-Ouen (Seine-Saint-Denis), which must be created in the summer of 2019.

This command must also be able to “meet the supply increases by STIF” and “anticipate new needs with the extensions of lines decided by the STIF (line 1 to Val-de- Fontenay, line 4 to Bagneux, line 11 to Rosny, line 14 to Mairie de Saint-Ouen, …), “they detail

-. 2,000 jobs for 10 years –

The contract was awarded Friday at Alstom Transport by the Board of Directors of the RATP, coordinator of the group control

The STIF Board on February 11, then. SGP Supervisory Board on February 16, must approve the agreements of operation and financing of the first phase of the market.

The RATP will then “notify an initial order for 35 trains of 8 cars for a total of 518 million euros, “for the extension of Line 14 to Mairie de Saint-Ouen. The current trains with 6 cars, will be replaced gradually, “in order to increase the maximum capacity of the line 14 of 30,000 to 35,500 passengers / hour,” from 2021.

A second order, “up to 37 trains of 8 cars, meet the needs of southern extensions to Orly Airport and North in Saint Denis Pleyel: the maximum capacity of the line will then shift to over 39,000 passengers / hour”.

A metro train crossing a bridge in Paris, April 29, 2012 (AFP / File / Loic Venance)

In addition, conditional phases will order six and five train cars, for the equipping lines 4 and 11.

For the order placed by the French group is also expected to create or sustain 2,000 jobs in France for a ten years on the seven Alstom sites that will participate in the project (Valenciennes, Le Creusot, Ornans, Villeurbanne, Tarbes, Saint-Ouen and Aix-en-Provence) and supplier of the French rail industry.

In December, the Federation of Railway Industries (FIF) had alerted the authorities, saying that 10,000 to 15,000 jobs would be threatened by 2018 by lower commandeer trains, subways, tramways.

Copyright © 2014 AFP. All rights of reproduction and distribution reserved.

All information displayed on this section (dispatches, photographs, logos) are protected by intellectual property rights owned by AFP. Therefore, none of this information may be reproduced, modified, transmitted, redistributed, translated, sold, exploited commercially or reused in any way whatsoever without the prior written consent of AFP. AFP shall not be held responsible for delays, errors, omissions, which may not be excluded or the consequences of actions or transactions made on the basis of this information.

French political parties are trying to take anti-austerity Syriza train – The Obs

French political parties are trying to take anti-austerity Syriza train – The Obs

Paris (AFP) – The FN welcomes, Mélenchon triumph Hollande in Paris invites Tsipras … Why some politicians she tries to cling to the locomotive Syriza in Greece at the risk of blurring the traditional political spectrum?

Since the victory of Alexis Tsipras who became prime minister Monday in Greece, many French politicians, beyond the radical left, salute the accession to power of a political party that rejects austerity policies imposed since 2010 by the EU, the ECB and the IMF in exchange for their financial support to indebted countries.

He who triumphs, is Jean-Luc Mélenchon and behind him all the Left Front, who called Sunday a “historic moment” for Europe’s victory Syriza.

Ultimately, he bets in France on a collapse of the PS – accused of supporting austerity – the same intensity as the disavowal suffered by PASOK, the Greek brother, fell to less than 5% of the vote Sunday after being the pillar of national politics, bringing together over 40% of voters.

“The PS, its fate is settled, it’s a matter of time” because its “software is totally out of date,” Mr Mélenchon estimated. Syriza returned the favor by publicly supporting the candidate of the Left Front for the by-election Doubs Sunday, where the PS to lose – a symbol. – The former headquarters of Pierre Moscovici, became Commissioner

This has not prevented the PS also greet the victory of SYRIZA and place themselves in the “fulcrum” Alexis Tsipras in difficult discussions debt renegotiation with the rest of Europe that will soon begin.

The Greek case should also be on the menu informal dinner with Chancellor Angela Merkel on Friday night and the president Francois Hollande, who is counting on the emergence of SYRIZA in Greece to advance the Franco-Italian axis for European recovery, facing the German firm.

“Jean-Luc Mélenchon is as the legitimate interlocutor of Alexis Tsipras, but it does is only Syriza leader, European ally of the Left Front, it is now the Greek Prime Minister whose interest is to be supported by the President of the French Republic “face the difficult negotiations that will open within 19 countries in the euro zone, said Christian Lequesne, Professor Ceri (Sciences-Po) in La Croix.

The new Greek Finance Minister, Yanis Varoufakis, has also chosen to come to Paris the week next attempt to seek support, before traveling to London and Italy. Alexis Tsipras should come to Paris on Wednesday after Tuesday Rome

-. Hailed as the FN –

Politically French interior, at first glance, public support – disowned by Tsipras – the leader of the National Front, Marine Le Pen, may seem confusing, from a family of thought diametrically opposed to that of the descendant of anti-communist Nazi resistance

But “in reality. there is a convergence of issues “between the two on the rejection of austerity and a” strong distrust vis-à-vis how the EU is governed, “said political analyst Philippe Braud to AFP .

This should not, however, make it possible in France the government alliance forged SYRIZA in Greece with a nationalist right-wing party, alter-ego in France of the movement “the Republic Standing” directed by Nicolas Dupont -Aignan that he too welcomed the victory of SYRIZA.

Such an alliance “is not transposable in France (…) it is misjudged by the electorate” says Braud, recalling “the manifest failure” wiped by Chevènement when he joined forces with Paul Marie Knives a sovereigntist right at a European election.

” Within the euro area, Tsipras is in an unequal power and to his detriment; it may disappoint the electorate in his country, and the state of grace may be short-lived, “Mr. Braud, for whom he is” not completely sure that Syriza is a good springboard in France, even for the Left Party. “

Political analyst expects the opening of negotiations on the debt that the Greeks would simply cancel while the rest of Europe proposes to develop the best” Once the French taxpayers, even those on the left, will discover that the interests of the Greeks may diverge from theirs, they will become disillusioned, “he predicted.

United States: growth slows – The World

United States: growth slows – The World

Le Monde | 01/30/2015 at 4:41 p.m. • Updated 01/30/2015 to 4:47 p.m. | By Stéphane Lauer (New York, correspondent)

The figure is far below expectations of economists, who had forecast a rise of more than 3%. On the whole 2014 the US economy grew by 2.4%. The figure is slightly higher than the growth of the last three years, which averaged 2.2%, but still well below the 3.4% average that knew the United States in the 1990s “The fact that the figure for the fourth quarter was below expectations should not overshadow the overall picture for 2014, which was the best year for the US economy since the recession,” , says Joseph Lake, analyst for the Economist Intelligence Unit.

The good news of the end of the year has been the increase in consumption, which represents 70% of US economic activity. American spending jumped 4.3%, the highest since 2006. This effect is explained both by lower gasoline prices, which boosted the purchasing power of households and by the strength the labor market. Nearly 3 million were created in 2014.

In the last three months of the year, consumer spending added 2.9 percentage points to GDP growth. With an increase of 2.5% over the whole of 2014, spending by Americans find their level in 2006. The health of the consumer is reflected in the consumer confidence index. According to the latest data from the University of Michigan, it has never been so high for eleven years.

However, investment side, the pace slowed considerably. After rising 8.9% in the third quarter, growth is only 1.9% in the fourth. Business spending on equipment even fell by 1.9%. This is the largest decline since the second quarter of 2009

Other bad news. The increase in the trade deficit, which stood at 471.5 billion dollars, while imports increased three times faster than exports. A logical trend, while in the last three months of 2014, the dollar began its surge against the yen and the euro, thus penalizing the competitiveness of the United States.

At the same time, the economic downturn in Asia and Europe weighed on US exports. In total, foreign trade has cost 1 point of growth. This indicator is however to be taken lightly in that the figures for December have not had the time to be taken into account. It will have to wait for the second estimate of GDP in February, see the third in March for a better idea.

Finally, the decline in public spending of 2.2% cost 0.4 points to growth, however, offset by growth in business inventories which contributed to GDP by 0.8 percentage points.

Even if US growth looks strong, 2015 looks mixed. “The Federal Reserve will raise borrowing costs and curb consumer spending , anticipates M.Lake. The weak external demand will also weigh on the US economy, which can not bounce indefinitely, while other countries are faced with low power consumption and disinflation. The strength of the dollar will make US products less competitive. All these factors will eventually slow the US economy, although it will experience growth rate to be the envy of Europe “, he said.

Athens ready to give up to 7 billion euros to end the … – The Obs

Athens ready to give up to 7 billion euros to end the … – The Obs

Athens (AFP) – Bluff, unconsciousness or true determination, the Greek government has shown a willingness Friday to end the Troika to give up seven billion euros EU expected end of February, while the coffers are already vulnerable, bringing fears of a Greek exit from the euro zone.

The Greek Finance Minister Yanis Varoufakis reiterated indeed officially to the boss of the area euro Jeroen Dijsselbloem remarks made by Prime Minister Alexis Tsipras and by itself for several days.

Greece wants to be “the greatest cooperation with the institutions” such as the EU, the ECB or the IMF, but has not “intend to cooperate” with what he called “a tripartite delegation, anti-European, built on a shaky foundation,” the troika.

Since 2010, these experts from the three major institutions, regularly travel to Athens to dictate to the government that it needs to undertake reforms in exchange for 240 billion euros have largely been paid to him to save the country from bankruptcy.

This regular presence, under heavy police surveillance, had become quite intolerable to the Greeks, the first victims of the crisis with more than 25% unemployment, and wages halved. They saw an infantilization of their country. To the point that the last two meetings, under the previous government, took place in Paris.

These experts had to decide the end of February if Greece had made enough reforms to deserve the last seven billion of plan Using the EU. With statements from Friday, this deadline seems null and void, and the Greek government gives no sign that it will request an extension

-. This date means nothing –

MR. Varoufakis observed indeed that there would be no logic to “criticize the program while calling for its extension”

Already Thursday, told the New York Times, Mr. Varoufakis indicated.: “The seven billion, we do not want, what we want is to rethink the entire program.”

Already last week, yet candidate, Prime Minister Alexis Tsipras said that the date February “meant nothing and was just intended to create a sense of urgency for the next government”

During the joint press conference with Mr. Varoufakis Mr. Dijsselbloem -. which had earlier met Mr Tsipras – appeared very tense, unable to remember that “ignoring the agreements is not the right path to take”

This is the implications of the position. Greek can be enormous: “I think the probability of a Grexit (a Greek exit from the euro zone) took a few percentage points,” observed to AFP Alexandre Delaigue, professor of economics at St. Cyr.

“A solution where everyone saves face away,” he thought.

“These people do not bluff, but Greece is not going to succeed get to the end of February, “Theodore was alarmed Pelagidis, the think tank Brookings, Bloomberg.

” The situation will get worse by the day, with the front line the banks of the country, ” -t he said.

According to the newspaper Kathimerini in fact, there is currently less than two billion euros into the coffers of the Greek state, which have disappeared in late February. And public finances are even worse than the Greeks for some stopped paying their taxes during the election campaign, waiting to see what would come out of the ballot box

-. ‘More time half measures’ –

What seeks Greece’s pretty clear, “a European New Deal”, as explained by Mr. Varoufakis Wednesday. That is, try to find a flaw in the euro area to try to convince some countries to come together against fiscal orthodoxy defended in particular by Germany.

This is how Mr. Tsipras and he will travel next week to see their counterparts in France and Italy, seen as the major countries that could be more sensitive to anti-austerity speech.

The other big claim of Greece is renegotiating its debt. Mr. Dijsselbloem opposed Friday at the “conference” desired by Athens about it, and do not reject the IMF Managing Director Christine Lagarde. He dryly observed that “this conference is, and that’s the Eurogroup.”

But the French banker Matthieu Pigasse, head of Lazard to advise the Greek banking restructuring fund, for his part felt that a restructuring “absolutely necessary” and that it was necessary “to halve the debt held by public institutions will in Greece”, roughly 100 billion euros.

All these announcements have disrupted the Athens Stock Exchange, which has relapsed (-1.59%), while the Greek 10-year bond leapt to more than 11.5%, a sign of great distrust of markets .

Greece does not want to talk to “a rickety commission … – The World

Greece does not want to talk to "a rickety commission … – The World

The key

• After his election on Sunday, the new Greek Prime Minister Alexis Tsipras, has spent his week to discuss with its European partners on the issue of debt relief.
• For their part, EU representatives have expressed firm, prompting the new government to respect the agreements.

“Ignore agreements [signed between Athens and its European partners] is not the right path to take” , launched Mr. Dijsselbloem after a meeting with the new Greek Finance Minister Yanis Varoufakis, whom he asked to “define his position to move forward” .

The latter responded by explaining that the Greek government was willing to “ talk ‘with Europe but not with ” a rickety board, [the delegation] of the “troika” “ (EU, IMF and ECB).

“This election platform has earned us the trust of the Greek people. Our first government initiative will not reject the logic of the challenging program [for financial assistance] requesting the extension “.

The new Greek government does not request an extension of the financial assistance program, which expires on 28 February. Both parties will decide later before this deadline, said Mr. Dijsselbloem, which nevertheless described the discussions as “constructive”.

Greece is still awaiting payment of 7.2 billion euros, the ultimate installment of the assistance programs totaling 240 billion negotiated since the crisis of 2009. Mr. Varoufakis did not specify how Greece, which will have to repay some 10 billion bonds maturing summer euro new agreement would not

Read the interview with Georges Katrougalos, new Greek Minister of Administrative Reform. Greece: “We we recognize neither the memorandum nor the troika “

Alexis Tsipras PARIS FEBRUARY 4

From Berlin, the German finance minister Wolfgang Schäuble already had in Athens warned against any attempt to pressure on the debt restructuring:

“On this point, there is not much to discuss with us; Furthermore, it is difficult to blackmail us. “

If the decisions are met, however, ” We are ready for any cooperation and solidarity. But only in that context and for no other “, has stressed the German minister.

The French President Francois Hollande and German Chancellor Angela Merkel will try Friday night during a informal dinner in Strasbourg organized by the European Parliament President Martin Schulz, to find a common position on Greece.

Next week promises to be busy for Alexis Tsipras, who will travel to Rome on February 3 before joining Paris 4, to meet Mateo Renzi Hollande. It is also expected to Brussels to meet the President of the European Commission, Jean-Claude Juncker. And put on the table the burning questions that have been repeatedly raised this week

See also our decryption. Syriza: What scope for Alexis Tsipras

?

Shocks tracks to reform housing assistance policy – BBC

Shocks tracks to reform housing assistance policy – BBC

INFOGRAPHIE- A public report calls for fundamental reform of the housing assistance (APL) and political support to the accession of the property. Savings of € 4 billion stake.

Expensive and inefficient. Housing policy is subject to a harsh statement from the General Council of the Environment and Sustainable Development (CGEDD), the General Inspectorate of Social Affairs (IGAS) and the General Inspectorate of Finance (IGF). In a report released by the Echos on Friday, these actors are calling for reform. At stake: around 4 billion euros in savings per year. The subject was often mentioned but never materialize. But the timing has changed Bercy is now hunting for spending to meet its target of 50 billion euros in savings by 2017

€ 46 billion spent last year -. and 48 billion in two years as prévisions- housing policy is too expensive to the state, as the authors of the report. This amount devoted to 49% in support of the application and only 17% support the supply of housing is inconsistent. The fall in housing starts has proved. Added to this is the division of responsibilities, lack of knowledge of the needs, the introduction of competing objectives … These criticisms already mentioned by the Court of Auditors last year.

Despite explosive issues, the report recommends making a large clean state aid:

• The PLA attacked again

The housing allowances are than ever in the viewfinder. The report recommends to tighten the eligibility criteria based on the level of rents, the size of the dwelling and the level of household wealth. Or modulate APL based on affordability ratio (ratio between housing expenditure and household income). The authors also call for removing the APL Accession, the device that provides a monthly means-tested assistance to borrowers who become owners of their primary residence. Its reform, already provided by the government, was postponed at the stalling of Parliament. A parliamentary working group will be formed next week “to mature reflection,” said the Ministry of Housing in a statement.

But the shock proposal concerns the end of the attachment to the taxpayer of students who receive a housing assistance. According to the report, students often receive income that are not included in the calculation of the aid. Mentioned several times but never realized, though the latter option would alone a saving of € 400 million in the second year.

• The end of the exemption from property tax?

The report calls on the government to abolish the State premium of up to € 1,525, paid when the owner of a home savings plan (PEL) borrows to finance the work or the acquisition of housing. It is also recommended to end the exemption from property tax for two years for new housing. EUR 300 million would come back in the hands of communities, but the state would reduce all its endowment.

• Curbing helps energy renovation

This is a proposal that should not rejoice Ségolène Royal and his law of energy transition. While the latter provides to unblock aid to support the renovation of housing, the report advocates the abolition of the premium for work and bring the VAT on such work from 5.5% to 10%.

• Review the support of private donors

The report proposes to unravel the Pinel law by reducing to 13% the tax reduction for investors in new rental housing against 18% today. In return, he advocates increasing the gross rental yield by increasing the authorized rent ceiling that must now be 20% lower than market rent. Savings of € 180 million per year is in sight. Another measure is to reduce the current tax benefit status hire non-professional furnished, rental investment fashion popular, including service residences. The microfoncier the scheme would be extended in parallel

• screw Tour in social housing

The report is clear. To delete aids stone. These are state subsidies, subsidized loans from the Caisse des Depots et Consignations and tax aid paid to housing organizations.

• Fight against vacant housing

To avoid empty homes, the state could allow individuals donors rent with leases of less than three years or to take over the lease being housing, under certain conditions (payment of moving expenses tenant for example). The authors also recommend limiting rent regulation in Paris and possibly in some of the neighboring towns, instead of imposing this measure to all tense areas. The rent control would be applied two years after the deployment of rents observatories.

The Department of Housing says this morning that the report “is a working document. It does not express the position of the government but it comes contribute to its reflection. ”

APL, home ownership, social housing, VAT: tracks … – Les Echos

APL, home ownership, social housing, VAT: tracks … – Les Echos

EXCLUSIVE – The inspection report made a series of concrete proposals

.

Personal Aids

The strongest recommendation is to tighten the allocation of housing assistance criteria ( APL), making them ineligible for housing above a certain level of rent and land and households with a certain level of wealth. This is the British model. It aims to ensure that aid goes to households already have a housing (second home, rental housing …).

Another proposal shock, ending the possibility of connecting to tax household of students receiving housing assistance. Among the reasons, the fact that students receive income from their parents who are not taken into account in the calculation of the aid. If that average income was 850 euros in 2010, it could reach 2,334 euros for the more affluent students. This alone would release 400 million euros in savings in the second year. It had been envisaged by the Fillon government. Last major reform proposal: APL modulate based on the “affordability ratio” (the weight of the housing / rent in the household budget)

Aid to. private donors

The current regime of investment in new rental housing (Pinel) provides for a tax reduction of 18%: the report proposes to reduce it to 13% in return, increase the gross rental yield by raising the rent ceiling allowed (today, it must be less than 20% market rent). The advantage of this system would be reformed especially true in the most tense areas, practicing the highest market rents. The report estimates that any tax reduction also save the passage to 180 million per year in stride.

rental of furnished Plan

Various technical measures aimed at reducing the current tax benefit of the status of non-professional furnished rental company, which is currently a rental investment modes having the most success, including residences service. This is in parallel the microfoncier the plan.

Social housing

A tightening is recommended, including the simple deletion of ‘aid to stone “(direct state subsidies to housing agencies, serving their own funds). They somehow already been greatly reduced for five years.

Fight against vacancy

To prevent housing is vacant, it is to allow individuals donors rent with leases of less than three years, or to be able to take over the lease being accommodation, subject to strict conditions including a support for moving expenses tenant and a period of reasonable notice. “These measures go against the grain of the provisions adopted in the context of the Alur law” , says the report. It also recommends to limit rent regulation in Paris and possibly in some of the neighboring towns (not all tense areas). The rent control would be applied for two years after deployment observatories rents to better understand the impact of the measure.

Homeownership

In addition to the elimination of the state premium for new home savings plans (PEL) and APL Accession (excluding accident of life), it is recommended that end the exemption from property tax for two years for new housing. This would yield 300 million to local communities. But the state would reduce all its endowment. Finally, it is proposed a refocusing of the interest-free loan. The question does not arise: it was refocused last year

Energy Retrofit

The report goes. against the current measures taken since last year to support energy renovation work. He advocates deleting the premium for work and bring the VAT on the work of 5.5% to 10%.

Stéphane Le Foll wants to reduce pesticide use by 50% in 10 … – The World

Stéphane Le Foll wants to reduce pesticide use by 50% in 10 … – The World

The Minister of Agriculture announced, before the end of 2025, “an intermediate level of 25% in 2020″ and explains the springs on which it wishes to s support to achieve it.

He first plans to expand the network of pioneering firm on the issue, lesquelle have “seen pesticide use down by an average of 12% in 2013″ , a notable performance when we know that the average use of pesticides has instead increased by 9% over the year. On average over the 2011-2013 period, the cultures were 5% more pesticides relative to 2009-2011

Read (subscribers edition). Despite the warnings, pesticide use is increasing in France

There are now 2,000 of these farms called “Dephy”. “We will increase the number of these farms to 3 000. Each resulting ten farms around it, you bet on a snowball effect” says Stéphane Le Foll.

PREVENT FAILURE OF PREVIOUS PLAN

The Minister also wishes to rely on distributors of crop protection products through pilot implementation of “If chemical savings certificates [EPSAs]” that will force them to “lowering by 20% the number of doses used over five years” on pain of a financial penalty. Thus, “instead of selling a product, they will be encouraged to sell more services, that is to say, teach farmers to use the right amount or alternative techniques” says the Minister.

In 2008, after the Grenelle Environment, the previous majority had built a pesticide reduction plan, called Ecophyto, which aimed to reduce “if possible” 50% the use of pesticides by 2018. But a report led by the deputy PS of Meurthe-et-Moselle Dominique Potier, December 23 and handed to Prime Minister Manuel Valls, concluded in The failure of this plan

Read also:. Pesticides: “I put my health at risk for 1100 euros a month”

The agreement between Auchan and Système U could develop into a … – La Voix du Nord

The agreement between Auchan and Système U could develop into a … – La Voix du Nord

In 2014, Auchan and Système U had already reached an agreement to buy for less industrial. This was bring the central purchasing to better weigh on prices with industrial , including the food that the provide throughout the year.

According to our colleagues LSA, the consumer magazine in France, the agreement between Auchan and Système U could take a new turn. “ Auchan is poised to offer a franchise agreement to associates of the group of traders who hold hypermarkets. It will offer 70 stores under the Hyper U wishing to adopt the Auchan , “says LSA website.

According to ICA, the agreement should be officially recorded at two meetings in late January and late March 2015. “ The switch would park within 3 years with the first set of sign changes in the month of August 2015 ,” says LSA.

The changes would be made in two stages, first with the passage of the Simply Market operated by the Auchan Group under the brand Super U and s to convince all 70 Hyper U go Auchan.