Alone, Total, BNP Paribas and France Telecom accounts for one third of total profits. Total remaining the most profitable company in France (by far) Continue along the road and with an increase in profits by 28.1% in the first half of 2010 versus the first half of 2009.Other companies that have successfully managed the first half of the year, L'Oreal and LVMH, the luxury market is still juicy, Sanofi-Aventis and Capgemini, who continue their acquisition strategy.

The withdrawal of the French group came at a time when the famous Wall Street bank saw its market capitalization melt after an investigation by the U.S. court on possible fraud. In the quarter, the title of the investment bank collapsed by nearly 23%.

Other major shareholders of Goldman Sachs have also reduced their stake in the bank business loan no fax payday. BlackRock and T.Rowe Price have respectively sold 1.6 million and 4.2 million shares Goldman Sachs.

Meanwhile, Axa has reduced its stake in U.S. Bancorp and that of Barclays and acquired stakes in Wells Fargo and Bank of America.

However, the bank always seems to be supported by Warren Buffett had invested in September 2008 – is in financial crisis – some five billion dollars in bank capital. The investor would also prominent candidate for the acquisition of Direct Line, a subsidiary of British bank RBS.

But optimists emphasize that, although down compared to July, the PMI indicator reflects a strong growth in business services as industry. This also recovers to 54.7 against 53.9 a month earlier. In general, grade Markit, the two sectors have "stronger growth in the volume of new business" on the month. What "confirm the solidity of the French takeover," analyzes Jack Kennedy, economist at Markit.The government has revised its forecast Friday for growth for 2011 downward from 2.5% to 2%.

On another positive note, employment continued to grow, driven by strong hiring in the services. Above all, companies "remain confident about their business outlook," "anticipate new business opportunities" and "hope for an improvement in overall economic conditions over the next twelve months," notes Markit.

Germany shaped

In Germany, activity has accelerated in August, reaching the highest since three years, according to Markit index. This was up by 59.3 points, against 59 in July. "The strong growth in services from the index, while the industry recorded a slight slowdown in growth."While some manufacturers are worried about the holding of world trade, the robust performance of services will be crucial in the second half" to maintain the dynamism of the recovery in Germany, analyzes Tim Moore, an economist at Markit.

The PMI index for the entire euro area fell slightly to 56.1, against 56.7 points in July. This result, which indicates a growth in activity, conceals alarming disparities between national economies, growth still based primarily on Germany and France, "warned Markit.

"After an excellent second quarter, growth in the third quarter should be relatively robust to the heart of Europe," said Pierre-Olivier Beffy, chief economist at Exane BNP Paribas."A further rise in significant business is in the cards, probably beyond current expectations."

Less optimistic economists at BNP Paribas' doubt that the dynamism in the services prevent the European economy to slow sharply in the second half. "

Another businessman claiming close discussions with the club to five European Cup victories. He called and said Yahya Kirdi be supported by a group of Canadian investors and Saudi Arabia. "Our group is in advanced negotiations with Tom Hicks and George Gillett, current owners of Liverpool Football Club, to purchase 100% of the club.An agreement was reached on the major terms, including purchase price, repayment of debt (approximately 300 million euros, ie) banks RBS and Wells Fargo to finance a new stadium Stanley Park. The formal contract of sale is in its final stages of negotiation, "he announced.

Statements to be taken lightly. For the sale of the club is orchestrated by Martin Broughton, Chairman of the club, with the support of the British bank Barclays. But Yahya Kirdi does not seem to have negotiated with them directly.

But whether or Yahya Kirdi Kenny Huang, sale of Liverpool seems on track. The leaders of the Reds have more alerted the Premier League, as want new rules on sale of a club, a club takeover was imminent.

The club Liverpool is not the only shine in financial difficulty.Since the beginning of the crisis, fifteen of the twenty clubs that make up the Premier League are looking for investors. According to the audit firm Deloitte, the overall debt of the elite of British football came to 3.6 billion euros in 2009. Manchesteur United, Arsenal and Chelsea, the other three clubs in the "Big Four" are also on trial.

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Net income from Lafarge withdrew its side of 29% to EUR 233 million. The current operating margin shows finally a decrease of 30 basis points to 13.9%.

In the second quarter alone, sales rose 2% to 4.436 billion euros but, at constant perimeter and constant exchange rates, sales rose 2%. The operating income increased 5% to 836 million euros. It is stable at constant exchange rates and constant perimeter.

At the Paris stock exchange, these ads are unwelcome.The title Lafarge has one of the largest decreases in ACC 40: 3.89% yield at 41.80 euros at the close No fax payday advance.

New measures to reduce debt

Bruno Lafont CEO of Lafarge, said in a statement that "the pace of economic recovery remains uncertain and highly variable from one country to another," led the group to adjust its market forecast for the year 2010. Lafarge table so now on a variation of the demand for cement between -1 and +3% on the year compared to 2009 (against 0% to 5% expected in late March).

The band announced further steps to reduce its debt amounting to 15.16 billion euros (down 1% during the first half).Thus, it will "limit its investments in 2011 to 1 billion euros" and sets "a new goal of structural cost reductions of more than 200 million euros."

Only 7 of the 91 banks have failed this test of strength, five Spanish, one Greek and one German. Their capital needs are estimated at 3.5 billion euros. We must add three who crossed the barrier but the recapitalization seems inevitable: the Italian Monte dei Paschi, Allied Irish Banks, Irish and German PostBank.Finally, the majority of European banks, the British and French in particular-seem to have redressed the balance.

The question now is whether the test can, as desired by the European authorities to lift the remaining mortgage, reboot, and finally the pump in credit to promote growth. By Friday, the European Union had welcomed the exercise as a vote of confidence. From Washington, the Treasury secretary, Timothy Geithner, hailed "a major effort towards greater transparency" on the health of the banks of the Old Continent. In markets, the euro rebounded to finish just below $ 1.29 after the close of European markets. Wall Street ended higher.

Consolidating banks at fault

Yet many continue to doubt the severity of the European round or its completeness.Unlike other countries, Germany has refused on Friday to force its banks to publish the figures on a main line of their balance sheets: assets in government securities, ie their exposure to the European budget crisis. In the coming days, a first return to the trust will be the willingness to consolidate the banks at fault.

Weighing his words, the IMF Managing Director Dominique Strauss-Kahn described the stress tests as "the promise of a considerable strengthening of the European financial system. It remains to implement. Greece and Spain have promised for the end of the year. Germany, she announced a major restructuring. This is the interbank market which will provide the second element of discretion. The situation has eased since the beginning of the summer.But lack of confidence, many institutions do not always manage to borrow in the interbank lending market, considered one of the keys to sustainable economic recovery in Europe.

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If the Office of Tourism Osten-sur-Mer laments a decline in attendance of about 10%, traders stand more negative findings."The customer is down 30% to 40%," says Pascale Soussi Restaurant La Terrasse in Sin-sur-Mer. "And it was discussed among traders: It's the same for everyone. At the restaurant La Marina, sixty meals are served daily on the usual hundreds. At the Hotel du Port, Osten-sur-Mer, Sophie Ramon prepare a statement even less favorable in the hotel which was flooded by 82 inches of water in late February and closed more than a month, attendance was halved.

Three campgrounds closed

In case the destruction of several campsites and many second homes have contributed to empty the streets of the town. A La Faute-sur-Mer, the municipal camp was finally closed and that the Blue Waves should not reopen until April 2011.As for camping Municipal The Sting-sur-Mer, it is only half available: caravans and tents can again take up residence in the "upper" since July 1. But the other part, where you could rent mobile homes, chalets and caravans, remains closed for repairs. It represents, in itself, a hundred beds and less.

Overall, La Faute-sur-Mer, about 8000 tourists were least expected, on the 35,000 usually greeted each summer. Added to an unfavorable economic situation by traders, these accommodations are destroyed a significant shortfall.

Ile de Re also shows a small decrease

A few dozen kilometers south of La Faute-sur-Mer on the Ile de Ré, the damage from the storm were less important. "The island is absolutely destroyed!", Recalled the manager of a hotel restaurant.A campsite for a works council remains closed this season and the hotel Odalys does not welcome new visitors that from 31 July.

Le Relais Thalasso, also closed after the storm has finally reopened its doors on July 4 instant loan payday no TeleCheck. Four months of work have been necessary for the institution to recover from the flooding that devastated forty rooms. "Today, activity resumed normally," said facility director Didier Gireau. Our forecast for the month of August are in the standard, or even good. We have made efforts to forget the flood and that the center image is not tarnished. "

But many merchants and restaurateurs of the Ile de Ré deplore this was a small decline in attendance.Some highlight the consequences of the storm, others are pointing the finger at the most unfavorable economic environment. "The economic situation is worrying," says director of Ile de Re Tourism, Catherine Senand, refusing to incrimer the storm that left "little effects" on the island. She admits that the season has "started slowly, but expects a better August.

A "moderate" impact on departments

For François Riou, assistant executive Tourist Board Vendée, the impact of Xynthia remains "very moderate". Only 2% of the Vendee coast has been destroyed by the storm, "a tiny fringe" which does not affect his view, the department's tourism season. Facing a crowd at half this year, local tourism professionals are meant to reassuring about their prospects."Only two campsites are closed on the 400 account the Vendee," he recalls.

Even finding across the neighboring department: "After the storm, only 3% of the infrastructure of Charente-Maritime have been affected," said Stephane Villain, president of the Tourism Committee of the department. "The summer looks very good," he says. "The reservation rate is substantially identical to that of 2009 which was a very good year." And we promise to visitors that the hospitality will be at appointment: "People have worked hard to accommodate visitors in very good conditions," says Stephane Villain. They may be even better than usual ".

The image of the region involved

The image of the Atlantic is at stake, as evidenced by the television campaign to promote tourism in the Vendee.Circulated in early June, the commercials were intended to "remind the values of hospitality and tourism" of the department, according to François Riou.

The regions affected by Xynthia therefore trying now to convince visitors that they are again ready to welcome them, with their usual charm and tranquility.

The ECB said that "reported to the stock, up, of genuine euro banknotes in circulation (average 13.2 billion in cuts in the first half of 2010), the number of counterfeits is very small." The European institution does not specify whether the counterfeit notes were seized before their release.

Tickets are most affected by counterfeiting are € 20 (41.5%) and 50 euros (42.5%). Almost all (98%) of counterfeit notes seized this semester have been in a member country of the euro area.According to the Central Office for the Suppression of Counterfeiting Currency (OCRFM) quoted by Agence France Presse (AFP), France, Spain and Italy together account for 70% of the counterfeiting of the euro.

The ECB seeks public caution, recalling the method "Touch-Tilt-Watch" called "TRI" to verify the presence of several security features on tickets for the single currency.

So precisely what does she mean by "ri-lance? This is a "delicate balance which is really to reduce public spending where it will be less painful for the prospect of reviving economic activity," she says.

Another question: how to implement it? "We must carry out fundamental reforms such as pension reform and revitalize the economy by insisting on nvestments and innovation.

Reducing public expenditure without forgetting to relaunch growth. Such is the creed of the government, which needs to 100 billion euros in savings in three years and above who expects growth of 2.5% in 2011 as in 2012.Ambitious requires a real fight economic policy and especially a real global coordination.

The last summit of the G20 in Canada had indeed left a clear dissonance in this area between Europeans and Americans. They demanded that the Europeans do not all implement the same time austerity plans, fearing for U.S. growth.

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Favorable cures severe austerity in Greece, Portugal and Spain, Nicolas Sarkozy calls for budgetary adjustments "progressive" in France and in Germany, in 2011, with "not too many taxes."

The fragile economic and financial worries Europe G8 and the G20. "Our partners Americans and Canadians fear the impact of austerity plans on resuming" said one EU source.The health of banks on the Old Continent is also a major concern in the U.S. No faxing payday loans 1 hour. "There is nothing to fear from that quarter. Our banks are very strong. The results of stress testing in late July will cheer the markets, "say the Europeans.

Faced with the Americans, Germans and Britons facing the G8 steadfast defenders of rigor. "A sustainable growth can not result from a fiscal policy based on the debt?" Repeats Angela Merkel. "Our public finances are in such a state, we have no other choice than a hard adjustment," defends David Cameron.

In this debate, Nicolas Sarkozy wants to distinguish itself from its European partners.Recognizing the need to reduce fiscal deficits in France, he does not want to rush, giving priority to pension reform. If markets were not so vigilant, he would gladly own the warning of Barack Obama: "do not overdo it in 2010 … or 2011.