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"The goal at the end of 2013 is to reduce the number of 3950, which represents half of 8400 anticipated retirements over the period, plus a bonus of 250, just respond to AFP chairman Michel Régereau (CFDT). The council must decide on the draft agreement on objectives and management (COG) on Thursday afternoon.

The pill is all the more bitter for the staff unions of sickness, such as primary agents of funds or regional health insurance (CPAM, CRAM), have declined steadily for several years.

From 85,000 in 2003, they returned to 75,243 in 2009, according to the draft agreement on objectives and management (COG) which AFP has obtained a copy. Like all governments, the CNAM is subject to the rule of non-replacement of a staff of two. But already, Michel Régereau announced he would vote against.This could lead, if followed by his counsel on a "blocking" quite rare in the annals of Secur. "So far, the presidents of unions secu supported the compromise reached with the government and sought to obtain a majority," he said.

"For the first time a president of CNAM will vote against the government decision on a matter as important," he said. "I think it's a first," concurred Carolina Ferrera, Director CGT, adding that the central union "can not condone such job losses.

According to Michel Régereau, the Fund had estimated it had saved 850 jobs, bringing the losses in 3350. But with nearly 4,000 positions eliminated, "then we can not.""Our network of primary funds is to be a challenge (…), it will be very hard for regional banks, they will retreat to their core business and our strategy to improve the efficiency of the health system will be lost, "he added.

For example, the Fund wishes to develop information to health professionals, improve the conditions of discharge from hospital for patients, and developing diabetes prevention, "he listed. "To develop these programs, we need means," he said.

"It will be a disaster is already explosive into the coffers of secu!" For both the personal to the insured, Carolina Ferreira warned, saying the government demands "unacceptable.""We are dealing with a government that is deaf" and "blindly applying the rule of RGPP," the General Review of public policy, "she accused.

Remains to be seen what the outcome of the vote of the board of directors, composed of 35 members (unions, employers, mutuality, qualified individuals, patients' associations, family associations and professions). If he had voted against the COG 2010-2013, "is the state that (would) hand to the application," said Carolyn Ferrera, and could possibly refer the matter to Parliament, according to Michel Régereau.

Dilemma for voting against unions because they would lose part of their role.

It will be called Fantastica. The owner of Swiss-Italian MSC Cruises sign this morning at Saint-Nazaire, in the presence of Nicolas Sarkozy, the command of a cruise ship in shipbuilding group STX France (formerly Chantiers de l'Atlantique). The ship, the twelfth of its fleet, will be delivered in May 2012 for an amount of 575 million euros.

"Very stable, will ship with our other two ships, MSC Fantasia and MSC Splendida, the biggest and most luxurious cruise ship ever commissioned by a European ship owner to sail the Mediterranean, Le Figaro said Gianluigi Aponte, founding president of MSC Cruises it controls 100%. It will be a VIP class, with 99 staterooms, butler service and placeholders: lounge, restaurant, pool, spa and gym. "Feature 333.3 meters and a width of 38 meters maximum, Fantastica can reach speeds of 23.7 knots.Sailing from Marseilles, he will have 1751 cabins and can accommodate 4,000 passengers. This will increase by 10% the capacity of MSC Cruises, carrying 1.4 million passengers in 2013. Count from 750 to 2000 euros per week all inclusive, with a stopover day.

A letter of intent was signed in early March for this order, which required the support of the State. For STX France is a vital site. His yards idling. To avoid the worst, the government had to mobilize the French bank (Credit Agricole CIB BNP Paribas and Natixis), who were reluctant to grant the necessary funds (our edition of February 18). "The president has made sure that the site did not stop," says Gianluigi Aponte.MSC Cruises and enjoys the support of Coface, the French agency for export credit, which guarantees funding.

Another optional command ship

The owner will pay his command five times in twelve years. It will first check today, amounting to 115 million euros. First client of Chantiers de l'Atlantique, to whom he has already spent 10 orders, MSC Cruises claims the second place cruise in France and number four worldwide. His boss was pleased to have the most modern fleet in the world: if the oldest ship date of 1981, all others were built after 2002. The owner has already made "an option" to purchase STX for the next ship, a steamer of the same scale as the Fantastica. "We continue to invest, because the cruise is well. The industry has felt only slightly crisis, says Gianluigi Aponte.The Italians and the Koreans are eager to work with us. But I'm faithful to STX for over seven years. When I get on well with a supplier, I did not change for a few million euros! "

Last year, MSC Cruises has increased by about 30% of its turnover to 1.2 billion euros. Its net profit reached 60 million euros. "With an average price of 1200 euros or so, the cruise excellent value for money," says Gianluigi Aponte. It attracts more and more. "The younger clientele: the average age is now about forty years.

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The European Commission, guardian of competition in the European Union, is very interested in the station, according to Les Echos published on Monday. As for La Poste, it requires that France put an end to the "unlimited state guarantee" that the company enjoys as a public industrial and commercial (EPIC). This does not mean a change of status into a limited company, which is the sole responsibility of the French state, but this would pave the way for a reform in this direction.

The European Commission had made the same request to all Member States in July 2008 with the ambition of a Complies to share its requirements in two years, ie by July 2010.According to the newspaper, France, Portugal, Italy and the United Kingdom is problematic, one month maturity.

The guarantee unlimited public is considered a "state aid incompatible" with EU competition law by the Commission. With this guarantee, the company is in fact not subject to the law on bankruptcy and insolvency. The state covers all the group's commitments and repay debts if the company can do itself. In the case of La Poste, the transformation of the public enterprise into a limited company had solved the problem of the unlimited guarantee.

The situation is repeated Does the station? According to Les Echos, the French government sent an absolute bar to the Commission in early April, saying that "France rejects the view expressed by the European Commission will present its legal arguments because the government 's will not change the status of Epic SNCF.

On Monday, the Secretary of State for Transport Dominique Bussereau said in a statement it was "no question of changing the status of EPIC SNCF, which does not entitle its holder a competitive advantage." The statement said that France had asked the Court of Justice against the EU Commission.

After Societe Generale, Wednesday, BNP Paribas has just released its quarterly results and at the same time its exposure to the debt of Greece. Then it reported a net profit increase of 39.1% to 2.28 billion euros for the first quarter, BNP Paribas has introduced to date, exposure to the debt over the Greek French banks are high. It amounts to 5 billion euros, plus three billion euros of trade commitments on private Greek companies. The bank said that the Greek private sector credit represents only 0.2% of total commitments of the group, while exposure to the debt of the Greek state only weighs just 0.4%.

"If we place ourselves in the short term, the biggest risk is exposure to private debt, said Christian Parisot, an economist and chief strategist of Aurel BGC.The establishment of an austerity plan would have a negative impact for the economy of Greece. It brings about a contraction of 3 to 4% of GDP, would increase the risk of default of households, less creditworthy than a State, and consequently the business.

For its part, Societe Generale, which also pleasantly surprised investors with a net profit of 1.06 billion euros for the first quarter, announced on Wednesday an exhibition at the Greek debt of 3 billion, in addition to its 54% stake in the bank Greek Geniki Bank, whose loan portfolio stood at four billion euros at the end of March.

57 billion euros of exposure to Greece for French banks

Regarding Credit Agricole and Banque Populaire and Caisse d'Epargne (BPCE) which must publish their quarterly results on 12 and 11 May, they have already announced their exposure to debt Greek make quick cash. On Thursday, Credit Agricole said its obligations associated with the Greek state reached 850 million euros, 600 million euros for its Greek subsidiary Emporiki. But the last poster, in addition, a total loan portfolio of 22.7 billion euros, according to results released Wednesday. On Friday, Credit Agricole has reported that its total exposure amounts to nearly 30 billion if one takes into account the commercial commitments of Cr?dit Agricole CIB, its subsidiary bank financing and investment.

As the group BPCE, exposure to Greece amounted to 2.1 billion euros, of which 882 million euros through its subsidiary Natixis. BPCE exposed to 1.4 million euros to the Greek sovereign debt and Natixis to 160 million euros. In contrast, private debt is fully supported by Natixis to the tune of 722 million euros.

According to statistics from the Bank for International Settlements (BIS) in late 2009, French banks are exposed to the tune of 75.172 billion dollars (57.41 billion euros). This amount placed at the head of global banks most exposed in Greece.They are followed by German banks, which are up to 45 billion dollars.

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Greece, Portugal and Spain. Southern Europe continues to frighten the markets. The Spanish saw its debt rating one notch worse, with a negative outlook.

Between degradation rate and retention Note

During a joint press conference yesterday, Jean-Claude Trichet, president of the European Central Bank, and Dominique Strauss-Kahn, director of the International Monetary Fund, have called on Germany to take an expeditious decision on aid Greece. Both men say they are confident. German Chancellor Angela Merkel seems he heard the message, since it has declared its intention to activate "as quickly as possible" aid plan.

Fortunately, a decision from the United States has been somewhat reassure financial markets. The Fed has indeed confirmed keep interest rates low for a "prolonged period".And this, despite a rapid recovery of the economy.

In this context, it will be interesting to see how values are changing bank, after they have been two sessions in the red. Above Credit Agricole said Wednesday night that its exposure to sovereign risk in Greece amounted to 850 million euros.

Quarterly Results: Sanofi-Aventis, and Technip for ArcelorMittal

Among the values that have posted Wednesday, PPR has returned to growth in the first quarter after five consecutive quarters of downturn, and said Tuesday anticipate a further acceleration in sales during the year.

The day of Thursday will be rich in quarterly publications: ArcelorMittal, France Telecom, Suez Environment, Sanofi-Aventis, Pernod-Ricard, Vivendi, AXA, Bouygues, Areva or Michelin publish.

Renault has announced that the equity between the group, its Japanese partner Nissan and Germany's Daimler had been made Wednesday. The three groups have formalized their alliance in early April for three to share technologies and reduce costs.

The U.S. unemployment statistics in the heart of the day

On the macroeconomic front, the day will, however, less responsible.On the program, the weekly claims for unemployment benefit, which will be published at approximately 14.30 U.S., unemployment for the month of April in Germany and in April business confidence in the euro area.

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The International Monetary Fund (IMF) has just been presented with a request for assistance from Greece. Until now, the IMF provided only technical assistance to Athens. The team of experts is hard at work in the capital of Greece. "We are ready to act quickly in response to this demand," said Dominique Strauss-Kahn Friday, IMF Managing Director. And Youssef Boutros-Ghali, chairman of the board of the institution, recalled: "Aid to Greece will take time. This can not happen from one day to another. "Especially since the Papandreou government is engaged in negotiations on a plan" covering several years. "

So far, the IMF had not been involved in developing the plan of the European Union. This is not a member of the board of the fund. The proposals could therefore engage the IMF, said it does in Washington.It is expected to "several weeks" of negotiations. The amount of the full plan could exceed the record $ 58 billion set by Korea in 1997 with the conditions negotiated by the IMF.

The multilateral institution also assumed that the share of aid to Greece will represent one third of the package agreed by the other countries of the euro area. But this figure could possibly change after the verdict of the negotiators of the fund. The absence of a margin for adjustment by devaluation, however, seriously complicates the terms that the IMF should negotiate with the Greek authorities.This is not entirely without precedent: for example, Latvia has received 1.7 billion euros from the IMF in 2008, as part of an international package of 7.5 billion, while keeping its currency indexed euro.

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Not seen since the launch of the classification in 1985! For the first time in 2008, BAE Systems, an advocacy group for non-American, became the leading supplier of arms. The information, published Monday, comes from the International Institute for Peace Research (SIPRI), a Swedish think tank considered a reference material.

According to SIPRI, BAE Systems has been leading the 100 largest arms suppliers in favor of the U.S. market. "The company is based in the UK but generates more than half its sales in the United States. BAE demonstrates the internationalization of the arms industry and the strong appeal of the U.S. market, "says Susan Jackson, an expert of SIPRI.

Sales of BAE established in 2008 to $ 32.4 billion.The bulk of these revenues came from a command of the U.S. Department of Defence who bought vehicles MRAP (Mine Resistant Ambush Protected) as part of the war in Afghanistan and Iraq.

Boeing beat, Navistar enters

BAE Systems therefore delighted number one place to Boeing. The American group, with 29.2 billion worth of arms sales, slipped to third place, and is placed behind his compatriot Lockheed Martin (29.4 billion).

Elsewhere in the rankings after three American groups, Northrup Grumman, General Dynamics and Raytheon. EADS is in seventh place. Italian Finmeccanica is eighth, while the French Thales is tenth.

Almaz-Antei, is the first Russian company to make its entry in the top 20 at the eighteenth spot.With 4.3 billion turnover in 2008, "Almaz-Antei has tripled its sales since 2003," says the SIPRI.

For its part, the American Navistar made a sensational debut in twentieth place with 3.9 billion in revenue from sales to the U.S. Department of Defense. "This represents an increase of 960% compared to 2007," says the think tank.

Three times the development assistance

The SIPRI does not fail to note that in 2008 the 100 largest arms suppliers have made 385 billion dollars in revenue, a figure rising to 39 billion by 2007."This represents more than three times the total development assistance of OECD countries (120 billion dollars)," lamented the SIPRI.

According to the findings of the ranking, sales of BAE are equivalent to the GDP of 105 countries worldwide, while Lockheed Martin exceed 4 billion development aid from the United States.

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With the exception of India (-0.05%) and Hong Kong (-0.04%) which recorded small declines, most other Asian stock exchanges have improved the bar on Wednesday, Tokyo head although it remains below the 10,000 points for the third straight session, the Nikkei 225 gained 0.52% to 9984 points.

Taiwan rose 1.10% to 7441 points, Seoul ahead of 0.04% to 3323 points, won 0.18% Sydney at 4513 points.

In contrast, Singapore lost 0.41% to 2733 points and Indonesia 0.21% to 2484 points.

The price of crude falling back slightly Wednesday in electronic trading in Asia after rebounding the previous day in New York where he won nearly two dollars, dealers said.In morning trading, a barrel of light sweet crude for March delivery retreated 48 cents to 73.27 dollars, while that of Brent North Sea due to identical, yielding 46 cents to 71.67 dollars .

Car Recalls: Honda after Toyota

After Toyota, Honda. The Japanese automaker (-1.31% to 3020 yen) chaired by Takanobu Ito said Tuesday it was recalling a total of 437,763 vehicles worldwide, mostly in North America because of airbags might of exploding and sending fragments of metal. In the U.S., the figure rises to 378,758 in the United States, 41,685 in Canada, 4042 in Japan and the rest in other parts of the world.

The massive recall by Honda comes as the first Japanese automaker Toyota (+0.59% to 3400 yen) announced the recall of more than 400,000 hybrid vehicles worldwide.

The automiobile Japanese manufacturer, Nissan (2.46%) achieved a net profit in nine months increased 25% to 54 billion yen (410 million euros) and plans to make a profit in 2009-2010 of 35 billion yen (282 million euros), against an expected loss of 40 billion yen (322 million euros).

The manufacturer of aircraft seats Japanese Koito Industries (0.62%) agreed Tuesday to have falsified the results of security checks on 150,000 seats fitted thirty-two airlines in the world. Koito Industries is a subsidiary of Koito Manufacturing, a provider affiliated with Toyota.

Having lost 3% 1% Friday and Monday, the Tokyo Stock Exchange limit its losses Tuesday, but the Nikkei is still under 10,000 points, the Japanese index closed licensor 0.19% to 9932.90 points. The Topix index ends in fall by 0.16% to 881.57 points.

Elsewhere in Asia, Sydney is also down by 0.16% to 4505 points. In contrast, the Stock Exchange of Hong Kong gained 0.35% to 19,586 points, Taiwan, 1.45% to 7361 points, Bombay, 0.56% to 15,992 points and South Korea, 0.39% to 3320 points.

As for currencies, the euro strengthens against the Yen (0.53% to 122.46 yen).

Crude prices are down Tuesday in electronic trading in Asia, in a context of decline in regional stock exchanges and concerns about weak demand for oil in the United States.In morning trading, a barrel of light sweet crude for March delivery retreated 24 cents to 71.65 dollars, while that of Brent North Sea due to identical, yielding 20 cents to 69.91 dollars .

Toyota is again under the spotlight

If the front macroeconomics has been very quiet, the news company has once again been very hot. The Japanese Ministry of Transport has announced that Toyota will recall Prius hybrid cars worldwide because of a brake problem . The Japanese automaker will recall 223,068 cars including hybrids including 199,666 Prius in Japan, according to the Ministry of Transport.

In the process, he announced that Toyota will suspend the sale to Japan of the hybrid models SAI, HS250h Lexus and Prius PHV, and recalled 23,402 of these vehicles.CEO Totota, Akio Toyoda, convened a press conference at 7:30 on the hybrid Prius, affected by a defect in the braking system. The conference "will relate to market measures relating to the braking system," said a spokesman for the constructor.

The Australian company, Resourcehouse specializing in mining coal and iron ore, has signed a mega contract with China Power International for $ 60 billion it has called "the largest contract export "of the country.

Several companies publish their third quarter results: Nissan, Japan Tobacco and Pioneer.

Opening up, down then up at midmorning. The Cac 40 gained 0.55% now at 3782 points. Asian stock markets were closed Tuesday morning, a sharp increase.

On the macroeconomic front, INSEE publish European surveys monthly and quarterly business survey for January, turnover in wholesale trade and other business services, and retail and personal services for November.

Finally, OSEO organizes an annual press conference on the balance sheet in 2009 and priorities for 2010.

In the euro area, prices of industrial production for the month of December are expected.

Investors will also be attentive to promises of home sales for December and auto sales for the month of January, the United States.

On Monday, U.S. President, Barack Obama, said in its draft budget for 2011 it expects a continuation of unemployment to 10% on average and a 2.7% growth for 2010 against 2% forecast in October, before growth of 3.8% expected in 2011.

Values cars suffer Technicolor climbs

Like the CAC 40, car values, after opening upward, plunged into the red Peugeot, Renault, Michelin lose respectively 0.94% to 23.83 euros, 0.71% to 35.07 euros and 1.14% to 57.38 euros. Michelin has acquired 30% stake in the company Shanghai Michelin Warrior Tire for 18 million euros, lost 0.41% to 57.80 euros.And despite the announcement of Toyota and the increase in registrations in January.

France Telecom (-0.15% to 16.77 euros) has announced the replacement of Didier Lombard by Stephane Richard, on March 1.

Vivendi (-0.33% to 18.34 euros): M6 (M?tropole TV), whose shares gained 1.63% to 19.68 euros, sells 5.1% stake in Canal + France to an amount of 384.2 million euros. The transaction will be effective February 22. In order to strengthen the South American market, Vivendi would negotiate with its counterpart Mexican Televisa to buy a network of 20,000 kilometers of optical fiber sold by the Mexican Commission for electricity for a total of 47 million euros .

EADS (-1.12% to 14.12 euros): Discussions on the financing of the Airbus A400M military formally resumed this week in Berlin after three meetings that have petered out.Representatives of EADS and Airbus as well as seven states that customers aircraft transporting troops and equipment will try, February 4, to find a compromise on sharing the additional costs of the program.

As for publications, sales of Vinci (-0.36% to 38.57 euros) is expected after-hours trade, Gameloft (1.29% to 3.92 euros) will also publish its results for 2009.

Technicolor (formerly Thomson) has signed a partnership contract with Warner Bros., after creditors and shareholders have approved the restructuring plan to reduce debt by 2.8 billion euros to 1.55 billion euros . The action rises from 4% to 1.01 euros.

Poweo (+1.96% at 15.10 euros): Lo?c CAPERAN, Poweo CEO, says in The Tribune on Tuesday that the supplier of electricity and gas French record loss of more than 75 million euros in 2009.