Sunday, July 3, 2016

Aix-en-Provence, July 2, 2016 – The Brexit and uncertainties concern the economic world met in Aix-en-Provence – L’Express

Meeting for three days in the Provençal town for this traditional appointment now the economic, policy makers and intellectuals from around the world shared their views on the consequences of the British referendum. With an observation about shared by all: no one knows what will happen, and there’s the problem.

As for business leaders, nothing worse than uncertainty.

Carlos Ghosn, boss of the Renault-Nissan alliance, the departure of the British EU is ultimately not in the heart of the problem.

Worried ‘Yes ,” he said. “ Not because of Brexit, but worried about the uncertainty that this causes ,” he once said.

Basically, “ companies are able to adapt to everything, in all situations, whether good or bad they are ” a- he said.

But as “ the new status of Britain ” vis-à-vis the European Union will not be clear, companies will be “ a situation of uncertainty . ” “ In the meantime, we will navigate view ,” said he said. The Japanese manufacturer Nissan in particular has a plant in Britain employing about 8,000 people.

In the oil group Total, the Brexit should “ have no direct impact ,” said CEO Patrick Pouyanné, noting that the fall of the pound should even be lower production costs on group sites in the North sea.

By cons, there are impacts Brexit at the macro level, on European growth. It is harmful ,” said he said. “ This is one more element of uncertainty, instability in a world that faces full of geopolitical difficulties with Daech with Ukraine. We have repeated financial crises, we add the Brexit , “he listed.

The US rating agency SP Global Ratings has also downgraded a notch Thursday note of the European Union, citing precisely these uncertainties to justify its decision.

– ‘An application for political decisions’ –

The only message I would like to convey is that you go fast ” Mr. Pouyanné pleaded, saying that entering a long episode risked “ destroy trust .”

A message heard by policy makers.

The first thing to do is to remove uncertainty as soon as possible so that economic actors to take faster decisions, including investment decisions, development , “said Friday the finance minister Michel Sapin.

Today I feel the part of economic agents demand political decisions “, he insisted. “ Maybe this is a rehabilitation of politics’ ” if he asked.

Without waiting, the government is trying to exploit the situation to praise the attractiveness of France. Prime Minister Manuel Valls has made a call from the foot to international companies in an interview published Saturday in Le Parisien.

We are working on devices that could help strengthen our attractiveness. I think of taxation or the status of expatriates ,” he said. “ For large international companies I say then! + Welcome in Paris Come and invest in France + ” he added.

It is the leading financial center of the euro zone in terms of direct and indirect jobs, with 1.2 million jobs “, emphasized to the AFP Pénicaud Muriel, Director General of Business France, the public agency for promoting French attractiveness, which has just published a paper identifying the strengths of the Paris.

Paris is the largest city to the headquarters in Europe “, has she also argued, stressing that it was “ important for the financial sector to be close to its customers . ” The French capital also offers a “ robust stock market and financial regulation system “, a reservoir of talents, as well as the “ real estate available “, has she yet observed.

edy / fka / st

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