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Committee for the Six Nations, the puzzle of the new date of the France-Ireland postponed last Saturday, should be completed tonight. This is not the case of French Rugby Federation (FFR), she also faces the unpleasant consequences of the postponement at the last minute of the match on the second day of the Six Nations tournament.

And for good reason: about 78,000 spectators, with the majority of them paid for their seats, were present in the stands Saturday night. In addition to travel expenses and accommodation, went up in smoke, they had paid to enter the Stade de France between 36 and 110 euros for the major shows of European rugby. "The general conditions of sale do not provide reimbursement for these tickets, it says in the FFR. However, the different parts (FFR, insurance, Consortium Stade de France …) studying the subject and the possibility of compensating the injured fans the most. " If the hypothesis of simple reimbursement of tickets for spectators unable to return seemed logical at first glance, it is not acquired at all.

Necessarily financial compensation pa

If the game is postponed from this Sunday, it will be difficult for the FFR, lack of time to fill the shortfall by the potential resale of tickets redeemed. In the event that the Committee of Six Nations would choose the date of March 3, the leeway to the FFR to re-market these tickets would be wider … and could therefore support the decision of any reimbursement, in whole or part , tickets. The Federation also confirms that no final decision will be taken before choosing the new date, but an official communication will be made on the site of the FFR, when setting the terms of any repayment. It also emphasizes the study of "compensation, not necessarily financial supporters the most affected." In case of default, there are still more likely that the fans away from Paris trying to resell their tickets on the black market.

A weekend in 1000 euros for two

In addition to sporting disappointment, the financial damage is also for fans of rugby. Mainly for the fans from the south-west, but especially Ireland. For the latter, the cost of the weekend in Paris often resort to over 1000 euros for two people.

Another player injured by this fiasco: France Televisions. Often questioned, as her sisters, to put pressure on the maintenance of programming events to large audiences, the public broadcaster said, however, have fought to advance the game in 15 hours. Without success. Cost of operation: 130,000 euros, according to Daniel Bilalian, sports director of France Televisions.

Finally, in the Stade de France, the loss is more difficult to assess. According to the task, the final match between France and Italy on February 4 was generated € 1.5 million profit, and a recipe for 300,000 euros for the FFR. The France-Ireland being postponed, not canceled, the loss on the sale of products, beverages and other sandwiches should be controlled.

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Between 1200 and 1500 vocational training bodies turned to personal development are now suspected of sectarianism, according to Georges Fenech, who chairs Miviludes, the Interministerial Mission of Vigilance and Combat against Sectarian.

This infiltration of sects in the field of vocational training has now become a policy concern. To demonstrate this symposium organized Thursday by the Ministry of learning and vocational training with the support of Miviludes.

On this occasion, it will present a new guide on this topic, entitled "knowing detect sectarian in vocational training." "A book that is intended for HR, managers of businesses, organizations who are responsible for vocational training, employees and the unemployed also looking to do a conversion in this area so they do not fall into the wrong hands, "says Fenech.

7 billion in revenue

According to the Minister of Learning and Training, Nadine Morano, the controls "to track sects" will be strengthened within this broad sector. In figures, vocational training is in fact 50 000 training organizations, 7 billion in revenue, more than 11 million students trained each year and 750 million hours of training.

An area attractive for gurus of all stripes who have thus found an ideal gateway: personal development. Through coaching, management techniques or stress management, training can easily drift into teaching suspects. According to Nadine Morano, the "potential for sectarian" concentrate well in "the field behavioral said," representing "20% of training organizations."

For these structures to sectarian drift, which get their hands on vocational training, greed is obvious but not only. They thus offer a way to recruit new followers and also ensure a share of influence in the business or administration.

Fenech: "In training, we create a label"

To fight against sectarian in the company, Georges Fenech, president of Miviludes like to set up a certification system for vocational training bodies.

Since when is the training she became the target of sectarian movements?

The phenomenon has existed for several years. By 1999, a parliamentary report evoked the problem. The novelty is that one cares. There was the first law of 24 November 2009 which led to increased opportunities for control and which introduced the sectarian threat in the axes of control. The same law also listed incompatibilities with the professional development activity. There are various convictions often associated with sectarian movement as the illegal practice of pharmacy or scam. In that Act, now adds a government's desire to take the problem head on. The symposium held on Thursday, is an illustration.

Should we go further to protect the professional training of sects?

Miviludes has signed agreements with various agencies. Among them, the General Delegation for employment and vocational training to establish new lines of control. Next April and to better fight against sectarian, labor inspectors, specializing in the control of vocational training organizations, will begin to be trained over two days by Miviludes. An agreement was reached with the general direction of work for everything related to undeclared work, the forgery statutes in this area. Also, we worked with the Directorate General of Health to set up a technical support group responsible for evaluating the effectiveness of unconventional practices for therapeutic purposes.

Will you make new proposals to strengthen controls?

For clarity, why not implement a labeling system managed by the regulatory bodies, offices professional qualification training organizations. The implementation of this label, should naturally be accompanied by harmonization of standards for selection, which is not the case today. We must certainly tend towards more control. It also requires the State to develop the means to recover the amounts paid to an organization when the checks show later that the training content is irrelevant.

What can a company today who suspects a body of sectarian aberration?

In particular it may go on the new site Miviludes, available today. Everyone can ask questions and get answers.

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The atmosphere is gloomy in the Paris Stock Exchange on Wednesday. After opening sharply down, the CAC 40 ceded 0.23% to 2863.30 points at 9:40. Unable to maintain its rebound yesterday, the CAC 40 would be difficult to bounce back following the announcement of a further slowdown in the Chinese economy. Preliminary PMI Manufacturing activity in China, issued by HSBC this morning, recorded in November, its biggest drop since March 2009, to 48 against 51 in October. Below 50, this means a contraction.

The country's dependence on exports is the main cause of this fall, analysts said the bank flexcheck cash advance. China is beginning to feel the impact of the economic downturn of its main European and U.S. clients. To this end, HSBC is lowering the forecast industrial production to 11% or 12% year on year in the months to come (against 13.2% in October).

Both countries, however, block the proper role of the ECB. The German government remains the main obstacle to further action of the European Central Bank in the European market debt. French Prime Minister Francois Fillon acknowledged Tuesday, before the members of his majority, convinced that Germany was "a major difficulty."

If one refers to the precedent of Greece, Portugal and Ireland, it took only sixteen days for the 7% is exceeded, after the passage of 6.5%. Equity markets should turn down. A return of the CAC 40 points to 3000 is to be feared.

The price of insurance against default soared

Predictions are difficult. On the one hand, the pressure has never been stronger on Silvio Berlusconi. On the other hand, the alternative policy is not clear, Berlusconi managed to get over the past 50 years successive votes of confidence.

The markets have really lost confidence in Italy this year. Earlier this year, providing 10 million euros of Italian bonds was less than 200,000 euros. Today, it costs more than 500,000 euros to carry out this operation.

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.

"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).

The Paris Bourse is a timid step forward on Friday. The CAC 40 in advance of 0.70% in early trade at 3,108.55 points. As in Asia, investors should not take risks when to begin a crucial summit on the debt crisis this weekend. Paris and Berlin have announced that Nicolas Sarkozy and Angela Merkel would meet Saturday in Brussels to prepare an "ambitious and comprehensive response" to the crisis. Concrete measures will be considered and discussed before being taken Sunday during a second peak "no later than Wednesday."

It will then not only to agree on how to increase the capacity of the European Financial Stability Fund (EFSF), but also to review the new rescue plan for Greece.Both countries such as requiring "immediate negotiations" engage with the private sector "to reach an agreement to strengthen the sustainability" of the Greek debt.

Risk of falling

But observers note that deep differences persist between France and Germany on how to reform the fund to support the euro area (EFSF). "There is no joint proposal" European at the moment, acknowledged Thursday the German Finance Minister Wolfgang Schäuble. The President of the European Commission Jose Manuel Barroso called on Europeans to "compromise" to reach decisions "resolved" and "immediate."

Another failure could undermine investor confidence definitely in the ability of Europeans to put an end to the debt crisis and put in a difficult position for the G20 summit in early November."If no agreement is reached, a crisis such as that caused by the collapse of Lehman Brothers can not be excluded," noted Phil Flynn of PFG Best Research.

Meanwhile, in Greece, the violent protests anti-austerity continues. A new law has been de rigueur in the Greek Parliament voted Thursday.

The French note monitored

France, in the heart of negotiations on the future of the euro, in turn, is increasingly monitored by rating agencies. After Moody's, S & P raised doubts about the AAA rating of the long-term debt of the Hexagon. The agency suggests a probable degradation of notes France, Spain, Italy, Ireland and Portugal according to economic conditions.

The government is preparing for his part, revising downwards its growth forecast for 2012 still set at 1.75%.Economists on average expect a GDP growth of 0.9% in 2012.

On the currency side, the euro has stabilized at 1.3795 dollar. Oil prices were, themselves, up in early trade Friday morning in Asia, following the announcement of the death of former Libyan leader Muammar Gaddafi payday advance.The barrel of "light sweet crude" for December delivery gained 71 cents to 86.78 dollars on the New York Mercantile Exchange while in London, a barrel of Brent North Sea crude for December delivery was appreciating eight cents to 109.84 dollars on the Intercontinental Exchange (ICE).

Values ​​to follow

Banks

Member States of the European Union agreed Thursday to recapitalize their banks to the tune of 100 billion euros.

Essilor (-0.39% to 50.75 euros)

The world leader in ophthalmic lenses achieved a growth of 6.4% of its sales in the third quarter 2011 to 1.04 billion euros.The group also confirmed its target for 2011 growth of its business "between 6% and 8%" at constant exchange rates and strategic acquisitions, and its goal of stability margin excluding strategic acquisitions.

Safran (-6.90% to 22.47 euros)

The group confirmed its targets for 2011. It aims for 2011 growth of around 6% to 9% of its revenues and 25 to 30% of its operating income. Safran has seen its turnover increase from 5.2% to 2.72 billion euros in third quarter

Valeo (1.61% to 34.16 euros)

The group reported a turnover up 14% in the third quarter to 2.6 billion euros and confirmed its operating margin target for 2011.

Klépierre (1.21% to 21.68 euros)

The group reported a growth of 4.9% of its sales in the third quarter, supported by the increase in rents shopping centers.

France Telecom (0.52% to 12.68 euros)

Orange will acquire 100% of the mobile operator CTC (China Telecom Congo) in the Democratic Republic of Congo, the French group paying $ 10 million (7.3 million) to ZTE for its 51% of CTC and 7 million dollars to the Congolese government for the balance.

Peter and Vanaces (-4.44% to 29.12 euros)

The group reported Thursday a 2010-2011 annual turnover of 1.47 billion euros, up 11.2% on a comparable basis.Solely on the fourth quarter of fiscal year, ended Sept. 30.

Etam Développement (-1.88% to 13.60 euros)

The group released Thursday a quarterly revenue of 269.4 million euros, down 10.7% on a comparbale and constant exchange rates.

OL Group (-0.23% to 4.42 euros)

The group announced Thursday it had reduced its net loss to EUR 28 million for the year ended June 30, against 35.6 million a year ago and have returned to a positive EBITDA (8 , 9 million) "despite a very mixed season in sport."

Faced with the fear of a general banking collapse, the Franco-German couple is once again under the spotlight. And once again, things are not simple. Nicolas Sarkozy will be tomorrow in the German capital to "speed up" with Angela Merkel the implementation of the bailout of a Euro still full turbulence. The urgent need for the French president and German chancellor, is to flatten their differences on the use of the European Financial Stability Fund (EFSF) and reach a tentative agreement on the thorny issue of the recapitalization of banks.

Angela Merkel ruled Thursday that "there was a need to recapitalize, it would be reasonable to invest money" in terms of what could cost an emergency rescue industry.But she insists on the fact that the Fund will be used to bail out financial institutions on the condition that states can not themselves "to support the recapitalization of their banks' and it puts" endangered the euro area as a whole. "

In fact, Paris Berlin suspected of wanting to directly use the emergency fund to recapitalize banks weakened by the prospect of a debt reduction Greek. "The French have misunderstood the EFSF, decrypts it does in Berlin. Our position is that banks must first seek funding markets, and the side of the national public authorities. Only when there is no money available comes the European level. The EFSF is a tool for countries like Greece or Portugal.If a country like France – among the strongest financially of the euro area – wants to appeal, then this is the door open for all members of the area had ro dig into the fund. "

Berlin suspects Paris

An over-interpretation, says it does on the French side. "We have not yet begun to discuss that!" Do we wonder at the Elysee. At Bercy, it ensures not see fundamental differences with Berlin. "We agree with Germany, said the entourage of the Minister of Economy, Baroin, the fact that more capital into banks, including French," even if only to meet new international standards of Basel III in 2013.Whenever possible, the French banks also plan to comply with without recourse to the capital, let alone the U.S. – by separating certain activities if necessary, by distributing fewer profits to build equity .

But if there had to be re-capitalization, especially to reassure investors, "the sources must first be private," insists one at Bercy. "Ultimately, this should be to rely on injections of public capital." According to Paris, "a European coordination is essential to determine the amount of capital to meet the deadline by which this capital is to be achieved, and the tools for that. " It is on these criteria that France and Germany could agree this weekend.For its part, Brussels will make proposals for a coordinated recapitalization "in the coming days."

Moreover, given the deepening crisis, Angela Merkel has gradually accepted the idea of ​​economic governance of the European Union, defended by Nicolas Sarkozy. Expanding the powers of EFSF part of this process. However, the Chancellor – who imposed hard fought his troops to ratify the Bundestag building – is faced with a majority crossed by a strong current Eurosceptic.

Markets would also like to know more about the technical means to leverage the clout of EFSF. These contain the spread of the crisis heavyweight like Italy, Spain, and Portugal, while the levees are still weak.Should we go further and erase a more substantial part of the Greek debt? Should we consider that the Fund provides guarantees? The German finance minister, Wolfgang Schäuble, at least possible that Germany spends more money than EFSF the 211 billion passed by the Bundestag.

These tensions, it is now the standard mode of operation between Paris and Berlin. Pressure mounts on both sides of the Rhine, until a compromise emerges in a head-to-head at the highest level. Given their respective domestic political weakness or Merkel or Sarkozy can not afford a failure.

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"Soon your new Dacia Box here." That's the kind of advertisements that bloom right now in the vicinity of concessions Renault. Dacia Box? This is the name of concessions Dacia brand of low-cost cars from Renault. While the group had only twenty Dacia concessions at the end of last year, it will create a sixty Dacia Box by three months, bringing the number of the last 150. "The goal is to reach two hundred Dacia Box later in the year 2012," explains the director Dacia brand of France, Alain Lehmann.

Until now, most of the 400 concessions Renault had a space with one or two sales representatives dedicated to Dacia. But the group quickly issued the desire to give the brand a Romanian full place to separate more clearly the two clienteles.Alain Lehmann and meet an internal statistic: "Three quarters of people who bought a Dacia Renault have never seen in their world of doubt." This policy of differentiation would be aimed primarily at boosting sales of Dacia to reach the "6.5% market share in cities where there is a Dacia Box, against 5.5 to 6% where there is none," and not to limit snacking on the Dacia brand diamond as claimed by some commercial yet. "If this happens, it sincerely marginal", for its part denies Alain Lehmann.

Moreover, if the Renault group now separated physically universe of its two brands, Dacia Box are designed in order to save high risk personal loans.So first of all in cities of 150,000 or more inhabitants, and in the towns 'high potential' that dealers are investing with their compulsion to install Dacia Box on land near the existing Renault dealership. "The showroom must be at least 200 m² for us to explain it five to six cars." Investing for the Renault would amount to "150,000 to 300,000 € depending on the local property market," says the Director Dacia France.

More visibility

Through this strategy, the group led by Carlos Ghosn gives more visibility to its cars made in Romania, while registering in the world of Renault. In addition, this proximity with a dealer installed allows Dacia Box to receive, without additional costs, administrative services (order tracking, maintenance, etc..) Concession by Renault.The client, it will find its close garages for repairs.

Last year, Dacia sold 105,000 vehicles for "an average basket of € 12,000." This year, the figures would be worse. "In August, we record a decrease of 20,000 registrations compared to last year," says Alain Lehmann. Designated culprit: the end of the government bonus of 2,000 euros on LPG vehicles, an engine that had previously participated in the success of Sandero, the Romanian city of the manufacturer.

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After signing Friday its worst week in three years the New York Stock Exchange rebounded on Monday following the trend-driven European stock markets, boosted by rumors of bank recapitalization. At the close, the Dow gained 2.53% to 11,044.17 points. While the Nasdaq rose 1.36% to 2517.10 points.

Investors have been carried by a wave of optimism about the commitment of Europeans to stop once and for all the crisis of sovereign debt. U.S. markets saw their earnings accelerate "following news reports that a European official said that a clear plan to restore the right conditions in Europe was in development," reported analysts at Briefing.com AFP. According to the financial channel CNBC, the plan foresees the creation of a European Investment Bank, whose aim would be to issue bonds to buy back debt."We feel that the project to leverage the EFSF (European Financial Stability Fund) is well underway," said the American channel.

In fact, Germany is expected to vote Thursday the agreement for the expansion of the scope of the relief fund of the zone (EFSF), which could become operational sooner than expected. Sunday, German Chancellor Angela Merkel expressed confidence the outcome of the vote. However, the German finance minister, Wolfgang Schäuble, said on Monday that Europeans had "no intention of bailing out." "We give him the tools so he can act if necessary.After we will use it effectively, "he said during a television interview.

The U.S. economy is still in doubt

Remains that the good wishes expressed by the euro area appears to find a quick solution to the crisis revived a little balm in the middle market, worried about the strength of global growth and a failure of Athens. In fact, it's a race against time to be playing this week to save Greece. The International Monetary Fund (IMF) said that a delegation will travel to Athens this week to determine whether or not the country can benefit from the sixth round of eight billion euros, it vital to avoid bankruptcy. Note that the Greek finance minister, Evangelos Venizelos, announced late Monday it would hold a press conference Tuesday at 11 am.However, his ministry has not provided information on the nature of his statements.

Across the Atlantic, a new indicator of real estate, however, is a reminder of the shaky state economy: new home sales have indeed fallen by 2.3% in August, following a decline of 0 , 3% in July (revised from -0.7%), according to figures released Monday by the Commerce Department. After the publication of these figures, Sarah Bloom Raskin, Governor of the central bank, however, suggested that the U.S. Federal Reserve (Fed) may have to further relax its monetary policy to help boost growth and reduce unemployment.And, while the previous week, "Operation Twist" from the Fed, was considered inadequate by the market, which did not appreciate the lack of liquidity injections into the economy.

As for currencies, the euro has returned to near $ 1 personal business card.35 on Monday: in the late evening, the European currency traded at 1.3467 dollars against 1.3503 dollars on Friday at the same time. For their part, oil prices rebounded slightly on Monday in New York after the collapse of last week, taking advantage of the hope of strengthening the arsenal of anti-crisis in the euro area. On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for November delivery ended at 80.24 dollars, up 39 cents from Friday.

Values ​​to follow

The Boeing 787 (4.2% to 62.01 dollars) will finally become operational after three years behind schedule.The manufacturer delivered its first Dreamliner yesterday at the Japanese company All Nippon Airways for $ 200 million. The reduction of the unit would save 20% of fuel consumption, according to the manufacturer.

The video sharing site online Netflix (2.21% to 132.22 dollars) has signed a replay of movies with DreamWorks, who has produced the animated film Shrek. Previously linked to the pay channel HBO, the studio is the first American to prefer a website with a conventional chain. The operation could yield $ 30 million per film to DreamWorks, according to analysts.

Note CocaCola (1.98% to 68.76 dollars) intends to invest nearly $ 3 billion (2.2 billion euros) in Russia over the next five years, his strategy being to to increase its presence in emerging markets, said CEO Muhtar Kent told Reuters Insider.

Chevron (1.64% to 91.49 dollars) Monday gave its final green light to a proposed 29 billion Australian dollars (28.4 billion dollars, 21 billion euros) in the liquefied natural gas (LNG ) to Wheatstone, in Western Australia.

Dollar Thrifty (-0.18% to 59.47 dollars) The car rental group said it expected that its adjusted EBITDA shows a jump between 17% and 28% in the third quarter, and noted the amount its share repurchase program to $ 400 million against 100 million previously.

Bristol-Myers Squibb (0.16% to 30.94 dollars) will be able to cope with the expected drop in sales next year due to the expiration of its patent on Plavix in the U.S. in May , one of the most important drugs in the pharmaceutical group, announced Monday its managing director Lamberto Andreotti.

The website site group purchasing, which aims Groupon a valuation of $ 20 billion, would call into question the timing of IPO. The group is cooled by a volatile market but faces above the federal authorities who refused certain elements of his record says the Wall Street Journal. In addition, the group's director of operations resigned five months after his arrival.The same day, Groupon has revised down its sales in its IPO document, placing it now at $ 688 million for the first six months of the year, instead of the more than 1.5 billion yet he claimed last month. The net loss was revised down slightly to $ 204 million instead of 205 million. And according to the Wall Street Journal.