The free electron Arnaud Montebourg was appointed Minister of Productive Recovery, a new song for the important figure of the left wing of the Socialist Party. Arnaud Montebourg
Arnaud Montebourg, 49, was appointed minister of Adjustment Wednesday productive, a role he had foreshadowed a "tour de France plant" made in the name of Francois Hollande during the presidential campaign. It will be flanked by two junior ministers, Fleur Pellerin (SMEs, Innovation and Digital Economy) and Sylvia Pinel (Crafts, Trade and Tourism).
Born October 30, 1962 at Clamecy (Nièvre), that great admirer of Gambetta, son of a butcher and a professor in the Algerian origins, became known as a leading lawyer in battle against Alain Juppé in the case of his apartment the City of Paris in 1995.
Activist of the PS since 1981, elected deputy of Saone-et-Loire in 1997, this speaker is trying to clear facilities in vain, in 2001, full cohabitation, Jacques Chirac to appear before the High Court.
With Vincent Peillon, the fiery MP founded the New Socialist Party (NPS). Their current gets nearly 17% of the votes in Congress in Dijon in 2003, with a slogan: the Sixth Republic, and more power to Parliament.
Voting "no" to the European Constitution in 2005, it is close to Ségolène Royal, it hosts in September 2006 in the "Feast of the Rose" in his constituency.
Gala magazine publishes a portrait of this man with shoulder-length brown hair, thin and always elegant, titled "The Playboy of Ségolène" conversation pieces. Mr. Montebourg, claiming he was duped, assigns the magazine.
Invested candidate, Ségolène Royal is designated spokesman, but suspends the month: on Canal +, the new Minister of Productive Recovery was told that the only flaw of the socialist candidate was his companion, a … Francois Hollande. "We laughed with Ségolène", he relativizes years later.
Montebourg often attacked Francois Hollande, who owes him the nickname "Flanby". The deputy of Saone-et-Loire also spoke of "cowardice" about supporters of the "yes" to the European Constitution in 2005, before turning back at the express request of the then First Secretary.
Ardent opponent of multiple directorships, Montebourg becomes "believing but nonpracticing" by appearing at the cantonal elections in his department, which led him to the presidency of the General Council in 2008. In early 2011, he announced he will not seek a fourth term as an MP.
With primary theorist Olivier Ferrand (Terra Nova), the fiery MP Aubry threat to resign if he does not succeed in 2009 for organizing this new process. "I had my dress emerged avocado eaten by moths," he says. First secretary finally agreed.
Himself a candidate with a small team, Montebourg campaigned on the left wing, defending the "de-globalization" or, according to his many opponents, a neo-protectionism that dare not speak its name. Result: 17.2% of the vote. In December 2011, he created the stir by denouncing "a policy that Bismarck" Angela Merkel.
Happy white knight, he denounces the business federations PS Bouches-du-Rhone and Pas de Calais and demanded to DSK "apologize to all the left".
PS, some criticize this "preacher of morality," its "excesses in the attack." His third place in the primary, however, gives him the role of a kingmaker who choose to personally Francois Hollande. The presidential candidate will make his "special representative", in charge of a factory tour of France. He joins the transition services of a relative of Mr. Montebourg, Aquilino Morelle, now political adviser at the Elysée.
Separated father of two, Arnaud Montebourg is the companion of Audrey Pulvar journalist, with whom he filed a complaint for assault in the streets of Paris in March.
China cut Saturday the amounts that banks must hold in reserve, thereby increasing their lending capacity of 400 billion yuan (48 billion euros), a measure taken to e avoid the risk of a sharp slowdown in the second largest economy.
People's Bank of China reduced the reserve ratio by 50 basis points, bringing it to 20.0%. This new amount will be effective next Friday May 18
This is the third decline in six months of the required reserve ratio, a decision just one day after the publication of macroeconomic data for the month of April have concerned investors, including the numbers of industrial production.
Economists had indeed thought that the growth rate of gross domestic product (GDP) of 8.1% over one year was a record low and that the activity would be departing in the second quarter. Considering the recent statistics, this scenario does not seem to confirm.
"The central bank should cut its reserve requirement ratio after the first quarter. She missed the best possible time, "said Dong Xian'an, chief economist at Peking First Advisory
." A drop TODAY 'Today will have a lesser impact. The Chinese economy will therefore be more vulnerable to weak global economic conditions and a slowing Chinese economy will in turn have a negative impact on the global recovery. "..
…… "The uncertainties surrounding the global and Chinese economies increase," said Dong Xian'an
… …… Economists estimate that China's growth should be 8% per year to absorb the annual flow of new entrants to the labor market and rural land left to find work in the factory
. The central bank announced its first drop in the ratio of bank reserves for three years on November 30, lowering the rate of 50 basis points.
According to a Reuters poll conducted in January, economists estimate that the central bank will reduce the reserve ratio of 200 basis points in total in 2012, bringing it to 19%.
Moreover, despite the inflationary risks, some believe that lower interest rates is not excluded.
"The problem is that loan demand from companies is very low, therefore the lower reserve requirement ratio is not as effective as lower rates of intere ; t, because a decrease in the ratio of reserves does not change the cost of loans, "said Liu Junyu (China Merchants Bank).
"If the economy continues to be hesitant, it is likely that the government will opt for a lower interest rate."
The UK GDP fell 0.2% in the first quarter of 2012, after falling 0.3% in the previous quarter. British Prime Minister David Cameron
The UK has not escaped the downturn. Its economy has officially fallen into recession earlier this year following a contraction of its economy for the second consecutive quarter, a surprise for analysts and bad news for the government of David Cameron.
According to one official estimate released Wednesday, the British economy shrank by 0.2% in the first quarter of 2012, after falling 0.3% last quarter. The country is thus technically back in recession, which was released in late 2009 after five straight quarters of decline in activity during the financial crisis.
Despite very mixed economic indicators, most analysts were betting on a slight rise of 0.1% of GDP, which would have avoided the country to be in the same situation as the states of the eurozone such as Spain or Italy, also entered into a recession.
This performance-up against Prime Minister David Cameron in a difficult position: it should indeed revive criticisms about the draconian austerity policies of his government by the opposition Labor Party accused of having "killed growth" in the name of a struggle against deficits.
The pound is distributed sharply lower against the euro and the dollar after the announcement of the contraction of the UK economy. The London Stock Exchange remained, however, directed slightly up gaining 0.44% to 5,734,67 points to 0900 GMT.
The Group of Twenty (G20) pledged Friday to give the International Monetary Fund (IMF) over $ 430 billion of additional resources to identify the debt crisis of the euro area.
The agreement doubles the capacity of the IMF loan, which was the goal set by its Executive Director Christine Lagarde at the opening meetings of the IMF and World Bank this weekend.
"There are firm commitments to increase resources available to the IMF more than $ 430 billion, in addition to the planned quota increase under the reform of 2010" , declared in a statement the finance ministers and central bankers from the G20, referring to the project to give emerging countries a say in the larger fund.
If he departed from Areva, it's because she was unable to work with EDF, said President candidate. It also ensures that the government never considered selling a nuclear power plant in Gaddafi's Libya. Lauvergeon and Nicolas Sarkozy in New Delhi, December 6, 2010.
New episode of the clash between remote Nicolas Sarkozy and Anne Lauvergeon. Incumbent President said Tuesday that it had terminated the functions of Anne Lauvergeon at the head of Areva because she was "unable to work in harmony with EDF". "Ms. Lauvergeon, we asked him to leave his post for some reason is very simple, was that she was unable to work in harmony with EDF, "he said on France Inter.
Asked about its incompatibility with the current CEO of EDF Proglio, considered close to Nicolas Sarkozy, the head of state assured that "with the previous (Gadonneix, ed), it was exactly the same thing ". Ms. Lauvergeon "did everything to remain as head of Areva," she "came to me countless times," he insisted, "if it had been in disagreement with the policy as I was driving to the nuclear, one wonders why she wanted to stay. "
"This is someone I respect, I kept at the head of Areva that I had even known (…) we can not say that he mistreated her," continued the President UMP candidate and confirming that he was offered a post in his government. "See Ms. Lauvergeon now explain how she suffered with me, when she was a president of Areva who wanted to stay, who wished by all means remain president of Areva, all these people who, once that they left their posts, say 'my God as we suffered when + they wanted to stay, it's pretty outrageous, "he – he concluded.
In an interview last week in the weekly L'Express and a book, Ms. Lauvergeon, old Sherpa of François Mitterrand, ousted in 2011 by the Government of the head of champion French nuclear company, denounced the methods of the CEO of EDF Proglio, reveals some of his conversations with Nicolas Sarkozy, accusing the government for consideration until 2010 to sell a nuclear reactor to Libya's Colonel Gaddafi. Again, Nicolas Sarkozy denies.
"I have not consorted with Gaddafi"
"There was never a central issue to sell to Mr. Gaddafi and let me tell you that if there is a head of state who in the world, has not paved with Gaddafi and is responsible for his departure and what happened to him, I think maybe it's me, "Sarkozy said in response to a question from a listener on France Inter. When visiting the controversial Colonel Muammar Gaddafi in Paris in December 2007, the Head of State announced to reporters, after an initial interview with the Libyan leader that France had signed the signature of "tens of billions" of euros of contracts with Libya …… These agreements
…, he cited "collaboration contracts for desalination of seawater with a nuclear reactor for armaments cooperation, different economic contracts ". Lauvergeon accused the government of having planned until 2010 to sell the nuclear reactor. "This is a blatant lie (…) it has never been involved," insisted Tuesday Nicolas Sarkozy, "I remind you that if Benghazi was saved and if Gaddafi is gone, it is because that France intervened. " "There is still a logic. We can obviously angry with me for a whole bunch of things but we can not blame me for the inconsistency. In Libya it is France that led the operation, it is France with the UK, "he said.
"So, between those who say that Gaddafi paid my campaign, the other we wanted to offer a nuclear power plant, do you really think I would have done this if it was all true?" concluded the incumbent president and candidate of the UMP. The information website Mediapart published in March a note suggesting that the former Libyan leader Muammar Gaddafi has funded a 50 million euros the 2007 campaign of Nicolas Sarkozy. The President had called the accusations "ridiculous".
When moving to Tripoli in July 2007 Nicolas Sarkozy, France and Libya signed a memorandum of agreement on civil nuclear aim of which was, according to the secretary general of the Elysee Claude Gueant of the time, "to provide to Libya a nuclear reactor that allows the provision of drinking water "in seawater déssalinisant This agreement was widely criticized, especially from France's partners such as Germany, and left in environmentalists who saw a proliferation risk. Some had even suspected this Agreement to be consideration for the release of Bulgarian nurses held in Libya, which the Elysée has always denied.
The resumption of international trade should take place sooner than expected.
It's time for optimism for international trade. This is the conclusion of the study HSBC Global Connections: Trade Forecast (February 2012), which provides a faster growth of international trade from 2014, one year earlier than expected, according to previous analyzes. Between 2014 and 2026, world trade is expected to grow by 86%. Its annual growth is estimated at 3.8% until 2017, then mark a sharper acceleration beyond, with an annual growth of 6.2% from 2017 to 2021.
The biggest concern now trade oil, gas, petrochemical, automotive and electronic goods and equipment. But things are changing. With the threat of global warming and the demand for competitiveness, companies must now be closer to markets where they want to trade. This new situation allows to identify new growth areas. Here are the main:
– Electric power: all regions of the world are now seeking to develop non-fossil energy: nuclear, hydroelectric, solar, wind …
– Containers & Packaging: crates, boxes, and all objects to package and transport goods. This highly competitive industry is expected to grow particularly strong in America (nearly 10% annually over the next five years in Latin America and 8.9% in North America).
– Metallurgy: prepared binders for foundry. The annual growth forecast for this sector should be 8.8% in the next five years.
– Coal: coal and pellets. Demand is high worldwide, and especially in China which produces half the world's coal, but who is also the first consumer.
– Processed food: demand for more sophisticated food is high everywhere in the world.
– Electrical Control Systems: the development of new electrical power sources to the emergence of demand control systems and automatic control, especially in Asia, Europe and North America.
– Infrastructure: The sector is large, since the production of metal bars to the research services and consulting. This sector, vital for global economic growth, is expected to grow 110% in the next 15 years.
The investment fund of 50 million proposed by Qatar to finance entrepreneurs wait suburbs. The emirate has decided to let the elections.
Widely criticized for its many investments in France, Qatar has decided to postpone until after the elections in France to launch a controversial investment fund of 50 million euros to help commuters, it was elected officials learned of Diversity, confirming a report in figaro.fr.
The National Association of Elected Local Diversity (Aneld), who obtained this commitment after a mission to Qatar where she was received by the Emir Sheikh Hamad bin Khalifa Al Thani, "hoped that this initiative is not exploited by political parties, "said its president Kamal Hamza, alderman (UMP) in Courneuve (Seine-Saint-Denis). "We want this to happen in the healing and not in controversy," he told AFP while the Qatari initiative has been criticized, including by Marine Le Pen.
"There is a very strong influence of foreign countries wishing development of Muslim fundamentalism and I wonder very strongly the bonds of friendship between Nicolas Sarkozy (French President) and the Emir of Qatar that has been allowed to invest 50 million euros in the French suburbs, "said the president of the National Front. Saturday, a few hundred young activists identity of "Apache Project" showed Place de l'Opera in Paris against "the acquisition of France by Qatar." For its part, the interior minister, Claude Gueant, found the initative as "salutary effort since there is no particular requirement of any kind".
The emirate's ambassador in Paris, Mohamed Al-Kuwari Jahan, announced in December the fund of 50 million euros to finance economic projects by residents of the suburbs of France, explaining that s 'was not "charity" but of establishing partnerships in projects "serious" and "solid". A commission of experts should be established to evaluate the projects.
More generally, the tiny emirate is a privileged economic and financial partner of France. He just bought 1% of LVMH, and 2% of Total has increased to 12.8% its stake in Lagardere.
The Strategic Petroleum Reserve in the United States are no longer quite as strategic as before.
While President Barack Obama put on a new release of emergency stocks of the country to counter soaring fuel prices, experts note that the landscape changes logistical striking U.S. oil could complicate his plans.
Certainly, the fact tap into the four giant salt caverns on the coast of the Gulf of Mexico – which contain 700 million barrels of crude oil owned by the U.S. federal government – would almost certainly lower the world oil prices, easing to pump users and providing a boost to Barack Obama before the November election.
Thursday, the price of crude has lost up to three dollars after information from Reuters that Britain was considering with the U.S. release of strategic oil reserves cal in the course of the year.
British officials have said that the timing and volumes contemplated are detailed by the summer, when oil prices often reach a peak.
But the logistics of such a release of crude oil to refiners volunteers is more complicated than ever: if there is little doubt that oil reserves are provided in emergency Ultimately buyers, it may reach them more slowly than does the government hope.
The inversion of a key pipeline linking Texas to Oklahoma will reduce the capacity of the main cavern release of oil reserves, and John is Shages, responsible ; emergency stocks under the Bush and Clinton administrations.
SYSTEM OF ANOTHER TIME
The development of shale oil and crude oil imports from Canada's oil sands has transformed the landscape of Energy. The industry is now trying to move an overflow of oil from the center of the country to the Gulf of Mexico, reversing the logic that underpinned the organization of national strategic reserves .
Emergency reserves of the United States, created by Congress after the oil crisis in mid 1970, was in fact designed primarily to carry oil pipeline linking the Gulf to refineries in the region and other purchasers located further north.
"The fact that the pipelines go (now) to the south, not north is a major change," said Edward Morse, responsible for research on raw materials for Citigroup and formerly an expert e nergétique within the U.S. State Department.
According to the Department of Energy, the U.S. strategic reserves may distribute the oil to 49 refineries with a capacity of more than five million barrels per day (bpd) – about one third of the total capacity of the country.
They are designed to release the oil within two weeks after order and to support a rate of one million bpd for a year and a half, helping to meet 5% of U.S. demand.
It can now free up oil at a maximum rate of 4.25 million bpd, due to damage to one of the storage tanks, said an official of the dice Department of Energy.
But oil industry analysts are skeptical.
Edward Morse deems it unrealistic pace and stresses that have limited logistical problems last summer the flexibility of the government's release of 30 million bpd – the largest in history United States – in response to disturbances affecting the supply of Libyan oil.
The oil from strategic reserves while in competition with the already crude transported by pipelines or tankers, on waterways often overloaded, the logistical capabilities of the country could be insufficient to rapidly absorb millions of additional barrels.
The Energy Department had released an average 743,000 bpd in August.
There was never enough analysts, says a former Moody's and Standard Poor's has. Some had multiple dozens of folders and noted without sufficient data. Moody's in New York.
Former analysts rating agencies testified Wednesday in the Senate on their working conditions, reporting a dire shortage of manpower and intense competition among agencies that sometimes pushed to note without sufficient data .
The Senate on Tuesday launched a mission of information on credit rating agencies and which audition until July consult experts, former employees of agencies, debt issuers and investors in France and abroad.
"Your question is daunting, watermark, you ask us: + Did you know what you did? +, Told senators who questioned Anwar Hassoune, who spent seven years at Standard & Poor's and three years at Moody's. "The answer is + not + always. There is never enough analysts, "responded Normale Associate Management, a graduate of HEC and Sciences Po, who says he experienced analysts for 35 to 45 cases each
. "It is humanly impossible, we had to follow two Credit Agricole, it is not possible!", he said. For him, the analysis of Crédit Agricole would require "a battalion of a dozen analysts with 15, 20, 30 years of experience, knowing all the ins and outs of each business" of this banking giant. "But this is not sustainable economically because each entry will cost 500,000 euros and 600,000, including bonus" and your "business is dead," he said.
Behind this problem is the business model of agencies, the high margins they achieve for their shareholders, analysts have estimated the former. "It is rightly said that it is outrageous that agencies emerge as significant margins," said Catherine Gerst, who worked at Moody's Paris from 1991 to 2000, first as an analyst before becoming CEO.
Agencies who had "no obligation to reinvest in people," Ms. Gerst suggesting to create constraints of this type, for example to limit to 10 the number of entities to be processed by analyst. As for subprime ("subprime"), the agency had only two years of decline on these new products and noted "knowing full well they had no data" necessary, she lamented, explaining this fact by "too much competition between agencies."
The sustained improvement in the U.S. labor market continued in February for the third consecutive month, confirming the scenario of a broadening recovery é economic.
The economy created 227,000 non-farm jobs last month, according to statistics from the Labor Department, and the unemployment rate remained at its lowest level in three years, 8.3%.
This is the first time since early 2011 that the new posts remain above 200,000 for three straight months.
The figures for December and January were also revised upward, from 61,000 in total.
Economists polled by Reuters had expected an average of 210.000 jobs created in February after the figure of 243,000 was originally planned for January.
