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The preferred placement of the French made a wry face. For the third consecutive month, gross inflows of investment has declined in February. A dip of 15%, which should be even more spectacular in net data (that is to say, payments minus withdrawals). "Such a succession of lower collection was never arrive, it's history, was moved Friday Bernard Spitz, president of the French Federation of Insurance Companies (FFSA). The year began with a drop of 11% of the gross inflow and 35% of net inflows.

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Large estates targeted

These poor figures were expected. And the trend should be reversed. "The tax uncertainty largely explains the hesitancy of investors.They prefer to allocate their money on short-term investments while waiting to see more clearly, "says Jean-François Samarcelli, Deputy CEO of Societe Generale, which states:" This is especially true for large amounts, as proceeds from the sale of an apartment. The steady flow, they continue to return. "

For several months, in fact, the Ministry of Finance suggests he sees in life insurance an appetizing for a rainy tax. Bercy is tempted to draw one billion euros it lacks in order to finance a tax reform of heritage, of which the highlight is the raising of the threshold of the ISF. The track of a tax on unrealized gains harbored in life insurance contracts of large estates was discussed."We want to target the large portfolios," warned Baroin, the budget minister.

In this context, access to weakness in recent months gives ammunition to the insurers who warn against the risk of Bercy destabilize an investment totaling 1.343 trillion euros in assets. "It goes very fast. A few years ago, the government had amended a micropattern on the housing savings scheme, people were frightened, and 20 billion euros were immediately switched to other carriers, "says an insurer.

The threat of transfer to other savings products is all the more real that, moreover, the rate environment is changing. The yields of life insurance, in fact, fall down, when the prospect of a rise in short rates, outlined by the European Central Bank, promises to revitalize the treasury products.These were no longer attractive for years. Last year, the average performance of contracts in euros was 3.3%. Since 1 February, the Livret A report of 2%.

Although it remains to fill in terms of performance, individuals could be even more motivated to transfer their funds to banks – major life insurance collectors – are competing to offer attractive products, booklets Auditors forward in boosting the collection of savings on their balance sheet. Regulators, in fact, have massively increased their liquidity requirements. Insurers still have to worry about.

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An enlargement of the rights of fathers is in the air. On the occasion of International Women's Day on 8 March, the MEDEF and the CFDT have both voted for a reform of paternity leave. Established in 2002, he currently entitled to 11 days leave for a child, 18 if the pregnancy is multiple, in addition to three days allowed for the birth. A daily allowance of maximum EUR 77.79 is paid to this title.

The president of the employers' organization, Laurence Parisot, proposed in the columns of "She" to make this mandatory paternity leave, and to lengthen. Same idea to the CFDT, where Monique Boutrand, national secretary of the executive branch, suggested extending the duration of paternity leave to two months.

"Mother Power"

In both cases, these proposals seek to change attitudes of employers about the women they employ.Because often, the discrimination they are subject to the labor market caused by their employer expectations of their potential pregnancies, absences and they are likely to generate. Agenda "of 5% to 10% of the time over the years to come," says Laurence Parisot.

However, if the number of absences due to increase paternity leave, "employers will consider fewer women as mothers power. All employees will become parents and power companies will be forced to reorganize itself accordingly, "said Francois Fatoux, Executive Director of the Observatory on Corporate Social Responsibility (ORSE)."As long as women bear only the risk potential of a long absence due to parenthood, regardless of their skills, it may not represent the profile of effective framework and invested in his work," adds Monica Boutrand.

Ghetto protector "

In fact, the introduction of paternity leave and extended mandatory would "clearly a breakthrough in the fight against discrimination against women," said Francois Fatoux, which criticizes the "ghetto protector" which they suffer on the market work 100% free credit score.

Labour Minister Xavier Bertrand has shown a priori favor such a reform of paternity leave. "Why not? If it is a proposition of the social partners and contractors obviously, I am of course willing to discuss it, "he responded last Sunday in an interview in Paris.

Make paternity leave compulsory however it would be enough? According to the latest figures Drees, over two thirds of men are already taking 11 days off they enjoyed as such. "The binding and elongation are both intéresssants and must be involved. Why not imagine a month's paternity leave with statutory prohibition of work for 15 days? "Suggests Francis Fatoux.

Educate employees

Already, many large companies increasingly incorporate the issue of gender equity facing parenthood. "Today, the company contributes to equal professional working in the field of the family," says the latest report by the ORSE. Among the enterprise agreements examined by the Observatory, an increasing number of prescribed concrete actions to encourage the man to take over his role as father.Bayer Health or Hennessy, for example, have increased the number of days granted as parental leave. Danone Fresh product offers new fathers the opportunity to exchange their 13th month against 22 days extra leave. Arianespace offers the same value of paternity leave pay.

"Unfortunately, many men still believe that taking such leave and take their parenting to work may be penalized professionally. And the higher up the hierarchy, the more resistance is strong. A true campaign is needed to parallel changing attitudes. Like Norway, we still need to convey the idea that a man who does not leave his father is not a better employee, on the contrary. "

Bring two parallel worlds: the 4.5 million civil servants, protected by their sacrosanct status in 1946, and that of the 872,000 contractors. The agreement that the government will submit to the unions, after a final negotiating Monday should help. The unions have until March 31 to sign or not the text, which must then be translated into legislation.

The "final offer" of government is on the table. It aims to reduce the widespread abuse of CSD in the administration, local authorities or hospitals, which sometimes require their agents to tens of CSD for years as a private company ever could do. The government proposes to facilitate crossings on permanent or status, but refuses yet another general plan tenure.He prefers to frame practices to ensure that the matter rests in five or ten years.

What will be the verdict of the unions, often inclined to see a permanent exemption status suspicious and not a better compared to a stack of CSD? Hard to say. A novelty could evolve for the first time in October, contractors will vote in the election business!

No project contract

The ambition of the executive – 4-6 signatures of 8 federations – seems within reach. Certainly, the Secretary of State George Tron has angered the CGT, FSU or UNSA by implying that without an agreement largely signed, it could present a text more "hard" in Parliament.

But the government did everything it took to join unions, multiplying the paragraphs that remind us that the status remains the general rule and promise of controls.At the last meeting, it has postponed indefinitely its "Project Agreement" (long-term contract variable, eg ending at the end of a large computer starts).

He also waived the CDD or CDI long to fill some "permanent needs" specific categories B and C (the lowest). To the point that "the PS agitated with reformist unions, begging them not to sign the contract with the right to one year's presidential," said one union official …

The main provisions of the text

Ending CSD repeated

The contract for permanent or temporary contract for at least four years during the last six years will pass competition to be appointed permanently business

For observers, it is not a surprise. SNCF is one of the least popular companies of the French, according to a poll by Ipsos Posternak and for the Journal du Dimanche, intended to measure the popularity of large hexagonal groups. The public company plummet by 21% from 2010 to occupy the 29th place ranking. "The SNCF has just experienced a difficult sequence," says Claude soberly Posternak, chairman of the communications agency The Matrix, quoted by the newspaper.

Delays, strikes, lack of communication, rates considered too high: the shipping company suffers from a negative image that recent events – the endless journey of the Strasbourg-Port Bou / Nice use of 300,000 euros from the CEC by the CGT to finance an advertising campaign – have not helped to restore.Last November, the ECA has moved the knife in the wound by exposing the mismanagement of the Paris Region network.

More generally, "the station is suffering from continuous degradation of the image of the entire public sector, says Claude Posternak. Yet recent monopolizing the top positions of our barometer there is less than ten years. The main reason for this disaffection is the fact that the transition from concept to the user client has resulted in few significant changes, "says the specialist.

PSA, "darling" of the French

While SOEs are losing ground, private groups are a fantastic rise in the heart of the French. This is particularly true of L'Oreal, whose image had been tarnished by the affair Bettencourt. The group of cosmetics jumped by 13% and takes the 20th place ranking.

The top spot is occupied by Peugeot Citroen (+6% in one year). PSA is the favorite of French companies through its "efficient models, such as DS3 and the 508," says Claude Posternak. But not only: the group would reflect "the pride of French industry have a strong in a context of globalization." In contrast, Renault unscrewed from 16% to 14th place, probably weakened by the alleged spy case.

Finally, retailers top the podium, Leclerc (2e) and Auchan (6th) leading through a communication angle on the purchasing power in times of crisis. Also note the rise of France Telecom: 25% at the 28th place.

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Patterns of Facebook, Google or eBay should be invited to meet in Paris a few days before the G8 summit in Deauville late May, to make proposals on the future of the global Internet. A delegation then went to Deauville to transmit their observations and conclusions to the G8 Heads of State. The meeting was announced in January by Nicolas Sarkozy, who chairs the summit, during a visit to Barack Obama.

At the initiative of Nicolas Sarkozy, the question of the Internet was included in the agenda of the G8. The Heads of State must refer the regulation of the Internet, governance of domain names, network neutrality, protection of privacy or the digital divide in developing countries.

The Central Directorate of Internal Intelligence (DCRI) said Thursday morning that they found so far "no evidence of espionage" in the Renault case. Main elements of the investigation, "Swiss bank accounts" for executives charged being laid off have not been found by investigators. A source close to the investigation even mentions the possibility that Renault has received false account numbers. Similarly, the survey conducted by the Liechtenstein authorities on suspected accounts to no avail.

The argument weakens espionage. Thursday morning, Liberation says the No. 2 group, Patrick Pelata, had indicated during an interview Monday that Renault Matignon "considering now have been a victim of manipulation." A spokesman also said that "if we (Renault, Ed) has been the victim of anything other than an attempt of espionage, it may actually be a manipulation."

However, counsel for the diamond brand, Jean Reinhart on Europe 1 this morning was denied "absolutely the term manipulation." "We're not in that context, for the moment we have no information that contributes in one way or another to say that the original theory, that is to say espionage does not exist, "he argues.

Renault evokes a "settling of accounts in-house"

According to Liberation, No. 2, Renault would have suggested a settling of accounts internally. The chairman of the Senate Finance Committee, Jean-Arthuis (UC), said on Canal + that "this case had taken on a mad". "I am surprised that we have been able to bring such charges on allegations that apparently had no foundation.(…) These species settling of accounts within the company are also detrimental to (its) image, "he added.

Anyway, this episode could reinforce the defenders of the three top executives dismissed 2011A following an internal investigation following the sending of anonymous letters. Especially as the manufacturer would not be celebrating its first case of this type.

Renault had a similar case

Of sources, the investigators of the Central Intelligence Allowed (DCRI), seized by the Paris prosecutor, hear on Thursday a former executive of the group graduated in 2009 in similar conditions, Philippe Clogenson. The former marketing director said in the columns of Le Parisien, Aujourd'hui en France he was accused of "touching, through front companies, money paid on offshore accounts from suppliers of Renault.He believes he was unfairly accused of corruption.

"I was also told that there was evidence that the formal charges had been substantiated by the management group's safety," he said. Philippe Clogenson decided, like the three executives recently laid off, file a complaint for "malicious prosecution". Remains to be seen whether the testimony of Philip Clogenson allow the cons-French espionage to advance the investigation.

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The French car market is still enjoying the effects of scrapping. The Committee of French Automobile (CCFA), which publishes monthly figures of registrations, announced Tuesday that the French car market surged 13.7% in February 2011 compared with same month of 2010. The month of February 2011 had a comparable number of working days than in February 2010. In total, 204,486 cars were registered last month. In January, volumes were up 3.1% at comparable number of working days to just over 185,000 units.

In detail for the month of February, the French and foreign brands have failed to decide between these two groups displaying similar jump of 13.7%. French side, the Renault group (including Dacia) saw its registrations increase by 13.6% last month to 55,185 units.PSA Peugeot Citroen, meanwhile, has registered 68,658 new registrations, an increase of 11.1% compared to February 2010.

On the front of the foreign automakers, Nissan's registrations Japanese have literally soared, jumping 51.4%. With a good increase of 36.2%, GM Europe is also doing very well in France. Like its competitors Volkswagen (+28.5%), Toyota (+18.5%), Hyundai (+13.4%) and Fiat (+9.9%). Mercedes, by contrast, displays the largest gadin February. Its registrations have flinched from 31.2%.

New vehicle sales continued to benefit from the scrapping, but also new orders in January, told AFP Francois Roudier, communications director of the CCFA. "We still have orders" in January. The tone was less pessimistic than you could imagine, "he added.December was the last month to take advantage of the scrapping in France payday loan companies. It was also marked by record orders, which have soared 30% to 370,000 units.

Delayed effect of scrapping

Manufacturers have theoretically until late March to deliver the ordered vehicles. Therefore the scrapping continues to have a delayed effect on registrations. But with the end of the last public support, 2011 should be marked by a relapse of 10% of the French automotive market and a stabilization across Europe, analysts said.

The amount of scrapping was lowered gradually from 1,000 euros in 2009 to 700 euros in January 2010 and to 500 euros last July. This has weighed on registrations last year. The French car market has declined steadily since April.In the year 2010, registrations fell 2.2% in France, to 2.251 million units, after a record year in 2009, during which car sales jumped by 10.7% over 2008.

Aftermath of the disappearance of this device, the household consumption of manufactured goods fell 0.5% in January, according to latest figures released by INSEE. Auto purchases declined 6.3% last month.

In exchange, 12.30 auto market figures for the month of February were greeted in a dispersed manner: Peugeot won the title and 2.03% to 29.60 euros, while Renault lost 0.36% to 44 , 25 euros. As for suppliers, Michelin gave up 0.31% to 58.82 euros, while clinching Faurecia 2.57% to 28.90 euros. Between the two, Valeo fell by 0.27% to 44.98 euros.

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