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The unique pattern of shelf Ikea has managed to impose worldwide gave ideas to its employees. Union members and employees of the giant Swedish from 14 countries have launched Tuesday in Istanbul a global platform to unite the representatives of stores worldwide. Together at the initiative of UNI Global Union, international trade union federation, they want to lay the foundation for a transnational union alliance and exchange experiences to improve working conditions.

A practical case has become the case with shaking Ikea France, suspected of having obtained police files to spy on employees, as revealed by Le Canard chained. The French delegation asked whether the espionage case were known or suspected in other countries. In the Hexagon, information from the processing system of infringements (STIC) and registration cards had been obtained illegally. "I wonder if I'm stuck and, if personal information was collected, if they were released outside the company, is concerned Dominique Nikonoff, delegate of the Workers Force. One wonders how the suspected practices have been budgeted and how far back the responsibility. "

Pressures in Turkey

The furniture maker is present in 41 countries, where working conditions fluctuate with national legislation. "We want the good practices that benefit employees of Ikea in some countries are applied everywhere," explains Alke Boessiger, branch president of UNI Commerce. "Wherever we are, we are dressed the same way and sell the same furniture, summarizes Eyüp Alemdar, President of Turkish Union Koop-Is. Our expectations of the company are identical. "

These claims will be on display Wednesday at the Human Resources Director of the Ikea group. Swedish employees are most satisfied with their lot. Malaysians have just obtained an agreement for collective bargaining. However, the 1700 Turkish workers are handicapped by a limited right to organize. "We had almost reached 50% of union members, the threshold required under Turkish law for a company opens in collective bargaining, Akdogan details Deniz, Turkey coordinator of Ikea. But there are now resigned because of pressure creating a climate of fear. One trade unionist was returned last week for no reason. "

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The campaign raised the stakes on the theme of social justice. Wednesday night on France 2, the president candidate for president, has tapped the business leaders. Not all: only "the tiny minority that shocked the French in doing anything," referring to those executives who receive annual compensation packages of up to more than 350 times the minimum wage.

Nicolas Sarkozy wants the remuneration committees that set the incomes of top managers, are "systematically an employee representative." Their proposals will be validated "by the general meeting of shareholders", and not by the board "where typically there are many friends," and published "in legal documents." Of steps in the right direction as they "finally strengthen financial reporting and transparency, including France miss him terribly," how Pierre-Henri Leroy, president of Proxinvest, the consulting firm to shareholders who recently published the ranking of patrons of the CAC 40 highest paid in France in 2010, and calls strongly for years with the introduction of such a shareholder vote.

France is way behind in terms of transparency

"France is lagging behind in all of Europe in this field, he deplores both employers protectionism prevents shareholders to have their say." Our neighbors, the laws have changed, for example, in the Netherlands in 2004, Sweden in 2006, Norway in 2007, or the United States and Germany in 2011. Switzerland and Canada, shareholder voting has been introduced voluntarily, while even in Italy (2012) and Spain (2008), it is recommended in the Code of Governance.

In France, the recommendations are made in the code of governance AFEP-MEDEF. Particular, the annual report must "present a detailed policy for determining the remuneration of corporate officers, including the attribution rules of the variable. It must indicate the criteria on which this variable part is established, how they were applied in relation to what had been planned during the year and if the personal objectives were achieved. " Not only do these recommendations are not followed, "this is particularly the complete blur on pensions and the link between pay and performance is not always based," said Pierre-Henri Leroy, pointing Lars Olofsson, who is about to leave on a background of strategy Carrefour criticized for three years, with a bonus of € 9 million and a pension cap of 500,000 euros per year. But the governance code still says nothing about the shareholder vote.

Equivalent proposals … in 2006

Nicolas Sarkozy's proposals are good. Except that the current President of the Republic had already offered such a design, before he was elected in 2007. In 2006 in Agen, Nicolas Sarkozy wanted these leaders "assume their remuneration to employees, their shareholders," it is "publicly approved (…) by the general meeting of shareholders, and of course, published by name in the annual report. " There is no indication that this time, the UMP candidate will implement these measures.

Anyway, the goal is not to reduce to one board fixing the compensation of executive officers and directors, in order to prevent abuses related to conflicts of interest. At Renault, sorry Pierre-Henri Leroy, "the State is not responsible in his role as director since Carlos Ghosn, CEO, has been able to reach nearly 10 million euros in 2010." …. ….

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The atmosphere should remain tight to the Paris Stock Exchange on Thursday. The bargain hunting could push the index up, as suggested by the small rise in futures on the CAC 40 (0.1%). But caution remains the watchword. As shown in the CAC 40 new fall yesterday, the Investors are not able to overcome their fears about the situation in the eurozone. Debt problems in the region have worsened when Germany struggled to convince investors to buy its bonds. The country has raised just over half of the 6 billion euros of 10-year bonds offered to investors during a broadcast on Wednesday. This failure is a "red flag" according to Ewald Nowotny, Governor of the European Central Bank

Largest economy and engine of the region, Germany was far remained immune to the contagion of debt crisis.But diplomats said the meeting could only lead to a breakthrough on a reform of the European treaties.

The mixed oil, the euro under pressure

As for currencies, the euro, which fell sharply against the dollar in recent days, attempts a rebound. The euro is worth 1.3363 dollars (0.10%) in morning trading. The trend is more mixed in the oil markets: a barrel of light sweet crude (WTI) for delivery in January drops 24 cents to 95.93 dollars on the New York Mercantile Exchange, while the price of Brent North Sea assessed for the same term of 27 cents on the Intercontinental Exchange in London at 107.29 dollars.

The side of the calendar, the day will be quieter because of the close of U.S. markets. Operators are waiting mainly German Ifo index.

François Fillon has clearly shown this Saturday at Morzine: there is no alternative to reducing the debt, and it will be possible by reducing public spending. While the last-offs for the new austerity plan went this weekend at the Elysee Palace before his presentation Monday, Prime Minister set the tone: the debt crisis forced the state budget for 2012 will be "the most rigorous in the post-war one hour payday loan."

"The hour of truth has come, he warned. There is no need to attack rating agencies, bankers, speculators or some sort of scapegoat, no need to believe that there are hidden treasures to finance our spending. [...] There is no other income to reduce debt but to reduce spending, "said Francois Fillon.

They clearly anticipated the fall of George Papandreou after the declarations of the party leader of the opposition of Greece, Antonis Samaras (he called Greek Prime Minister to resign and form a transitional government).

The creation of a transitional government is not likely to create uncertainty in the markets?

It depends on how the rating agencies will analyze the delay between the creation of the transitional government and the establishment of early elections. For now, financial markets seem ready to allow time for Greece to install a new government. However, the risk of default is not eliminated. Financial markets continue to navigate to the end of the year.

Financial markets have now turned their eyes towards Italy.

Household consumption, the traditional driver of French growth, declined in September. It fell 0.5% last month, according to figures from INSEE published on Friday, after rising 0.2% in August. Despite this poor performance, the third quarter remains positive consumption rose 0.2% after a particularly bleak picture of the second quarter this indicator fell by 1.9%.

In September, it is the purchase of textile-leather and energy costs which have lowered consumption. These expenditures have dropped respectively by 4.7% and 4% last month, a much greater decline than in previous months. According to INSEE, the position of energy suffered from the decline in spending on petroleum products. During the quarter, energy consumption is still rising sharply (+3 guaranteed cash advance.3%), after falling 2.1% in the second quarter.

On a positive note, the consumption of durable goods, which partly reflects consumer confidence in the future, has rebounded. After falling 0.3% in August, it rose 1.9% last month. The quarter proved generally positive 0.4%, after falling 6.2% in the second quarter. A good number worn by purchasing automobiles (2.8% in September) and household equipment (1.3% in September from 2.7% in August). "During the quarter, automotive expenses are stable after falling 11% in the second quarter, and those in housing equipment rose 0.4%," notes INSEE.

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"The board felt that I had to give operational direction of the group." Already chairman of Gecina, the fourth European property company, Bernard Michel became chief executive after the surprise eviction of Christopher Clamageran there are two weeks. And it is not very clear about the reasons that caused the dismissal.

The only certainty is not the time for development Gecina whose portfolio is highly diversified (office, residential, logistics, nursing homes, hotels …). "In a crisis situation where access to bank financing may become complicated, our priority is to reduce from 43 to 40% of our debt compared to the value of our real estate assets," said Bernard Michel.

To achieve this, Gecina is set to sell for € 500 million of residential real estate with net returns (4.1%) are lower than in the office (6%).The group wants to sell in bulk ten to fifteen buildings in the Paris region.

Develop in health

Meanwhile, the company will continue to sell land to cut 200 to 300 million residential real estate each year, a strategy followed since 2009. And the group promised to sell for a billion of assets this year had already sold 647 million end of September.

Also for reasons of economy, Gecina will stop launching new operations in the office. Otherwise, the strategy remains unchanged: to continue to grow in health (nursing homes, clinics) and the residence halls and eventually withdraw from hotel operations and logistics.

For now, at least, the crisis does not read in the results of Gecina: in the third quarter, its sales grew by 2.9% (476.5 million euros) and the excess Gross operating income of 3.8% (383 million).

After closing in the red last week, the Nikkei is displayed up on Monday. At 6:30 on Monday, the benchmark index of the Tokyo Stock Exchange gained 1.45% to 8874.93 points, hoping the implementation of strong measures in Europe and the United States to stem the debt crisis.

Other Asian stock markets followed the upward trend in the Nikkei. The Hang Seng Index in Hong Kong gained 1.54% to 18,786.40 points, the Kospi index in Seoul 1.18% to 3948.62 points, the S & P / ASX 200 Index 1.63% to 4274.30 Sydney points The FTSE Straits Times of Singapore 0.83% to 2766.97 points. Only 30 of Bombay BSE Sensex lost 0.15% to 17,056.30 points.

The global optimism of investors in Asia follows the G20 finance ministers held this weekend in Paris. Europeans have in effect promised to respond "comprehensive and lasting peace" for the euro area.The central bankers have therefore agreed to support and rebalance the global economy in a context of heightened tensions, and lead coordinated policies in the short and long term. With the line of sight: "strengthening growth" of the Old World and the "fiscal consolidation", reads the communiqué. Above all, they promise to make a decision at the European Summit of October 23, described as "decisive" on Saturday by Minister of Economy Baroin.

A savings plan expected in the U.S.

On the other side of the Atlantic, U.S. President Barack Obama must include measures of fiscal consolidation through a savings plan low fee pay day loans. Last Friday, the country's budget deficit stood at 8.7% of GDP in 2010-2011, 0.3 points less than in the previous year, according to the Treasury.In absolute terms however, the fiscal gap widened slightly compared to fiscal 2010, 0.4%, to more than 1.299 trillion dollars, making it the second biggest deficit of the history of the United States.

In China, Beijing also pledged to "rebalance" its growth engines through a battery of measures this week. And after the announcement of the failure of 20% of the 360,000 small businesses in Zhejiang Province since the beginning of the year.

Oil is up

On the foreign exchange market, the euro fell slightly against the U.S. dollar on Monday morning at 1.284 dollars (-0.21%). While oil was up in Asia after a barrel of "light sweet crude" for November delivery clinching 35 cents to 87.15 dollars in early electronic trading.Barrel of Brent North Sea crude for December delivery gained 18 cents to 112.41 him dollars.

Further decline of Olympus

As for values, Olympus plunges 23.86% in Tokyo to 1557 yen after the dismissal of its chief executive last week.

In Sydney, Rio Tinto rose to its share of 2.42% to 69.95 Australian dollars. On Monday, the mining group, announced the sale of approximately eight billion dollars in assets in aluminum, four years after the giant bought Alcan for 38 billion.

On May 15 the "outraged" Spaniards camped in the square of Puerta del Sol in Madrid. Borrowing their name to the pamphlet by Stephen Hessel, they said they were inspired by the Arab Spring to shout their rebellion against the explosion of unemployment and austerity policies implemented by the government … Since then, the challenge has been extended in the rest of Europe but also overseas. Five months after the birth of the movement in Spain, in 82 countries is that these "outraged" will show this Saturday, October 15. Zurich to New York, to Rome, Tijuana, Hong Kong and Johannesburg, calls have been launched in 951 cities worldwide.

Their message to politicians and financial elites, as can be read on the site 15october, is: "The powers that be working for the benefit of some ignoring both the will of the majority that the price human and environmental we pay. This intolerable situation has to stop. "On the site of the movement Occupy Wall Street, the tone is the same:" The thing we all have in common is that we are the 99% who will not tolerate any longer the greed and the corruption of the remaining 1%. "In Italy, the program is summarized as follows: "Occupation of public places by millions of people who do not want to pay the enormous economic and social crisis in the place of those who have caused: political power industrial, economic and financial" .

No central authority

This day of action is to cross an important milestone in the movement, which now acquires an international dimension. "It was needed to make weight against the power of financial markets that operate on a global scale," says Sophie Banasiak, "indignant" Paris.

However, there is no central body to coordinate the different actions. "If the collective Democracia Real Ya played a leading role in the initial mobilization in Spain, he does not prevail, either in the capital of the country or world, Heloise said Nez, a sociologist at the University Paris 13.Many groups are working together, but none have hegemony over the movement horizontal and egalitarian aims. There is no visible head and outraged caregivers to regularly change the voice. "

"If someone asks you 'who is behind it', they reply: 'I'" retorted on those who seek the organizers. The spread of a city or country to another must be spontaneous, for emulation. A process greatly facilitated by social networks, where multiple keywords are emerging, such as "yeswecamp", "# yosoy15O", "# event15oct" or "# Globalrevolution" … "I do not even know exactly who launched the idea of ​​the October 15, recognizes Spyros, OccupyLSX supporter of the movement in London.We have seen that call for Saturday and it was inspired by the movement Occupy wall street to do the same thing here. "

Specific demands of each country

If dissatisfied with the world found common denominators, claims and complaints are divided again according to national issues. In Spain, Real Democracia Ya accent has been on the reform of the electoral law to end the two-party system as well as stopping the evictions of indebted owners. In Anglo-Saxon countries, it is mainly finance, pointed as responsible for the crisis, which is targeted. Witness the names of the movements that develop, "Occupy Wall Street" and "Occupy London Stock Exchange (OccupyLSX)." In Israel, the mobilization is the expensive housing while in Italy, the outraged refuse to pay "a debt they have incurred."But all these central issues do not prevent each protester to express other concerns. In Spain some point impunity surrounding crimes of Francoism and the United States is denounced police brutality or the death penalty …

Above all, each city retains its autonomy: information flows globally, but "decisions, they, are taken at meetings in every city, Banasiak said Sophie. Each city chooses its own way of decision. In Paris and Madrid for example, is the consensus. The international dimension does not change the fact that the essence of the movement is local: it is in the physical encounter and dialogue in the streets. "

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On track, continuous effort. This is essentially the OECD verdict on Ireland, engaged for three years in a drastic recovery program of its public finances. After a decade of strong growth on an annual rate of 7%, which has risen to fourth in the OECD in terms of GDP per capita, the former Celtic Tiger has suffered a banking crisis and an unprecedented three years of recession. The deficit exploded in 2010 to over 32% of GDP if we include the expensive bank recapitalization and debt exceeded 100% of the national wealth.Distrust of markets has forced the authorities to use the end of 2010 with the IMF, the EU and the ECB.

In his study, presented Friday, experts from the Muette emphasize the competitive advantages of Ireland on Portugal and Greece, the other two countries under international supervision, "export sector a more developed and more high-tech"-the Exports account for 100% of GDP against 31% in Portugal and 21% in Greece, "a workforce more skilled, more favorable conditions for businesses, a more efficient tax system based in particular on corporate taxes low and stable and well-regulated markets and more flexible, both for products that work."

The conservation plan will represent 2.2% in 2012

Despite the recession, Ireland continued to attract significant foreign direct investment and the country, supported by the engine of exports and improving cost competitiveness, has returned this year with growth, while Portugal and Greece will experience another year of recession cash advance no faxing.

On the fiscal side, Dublin's goal is to bring the deficit below 3% of GDP in 2015. Before the intervention of the Troika, the authorities had imposed a cure equivalent to 9% of GDP. The economic plan of 2012 is still 2.2%.

If these efforts "are starting to bear fruit" requires further consolidation, the report of the organization of the Muette, in the perspective of a "global growth lower than expected."The OECD recommends including "broaden the tax base" and "focus more on consolidating spending cuts" -60% recovery, "by improving the efficiency of the public sector, reform of social protection and lower infrastructure projects. " Another priority should be the fight against unemployment from 4.6% in 2007 to 14.2% in the second quarter of 2011.

Among other tracks, it is necessary to improve employment services, training programs adapted to market needs, encourage job search, extend some cuts in employers' contributions … Finally, Dublin to pursue the restructuring of the banking sector and further improve competitiveness to promote exports.

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