Halal or not halal. Since the controversy launched by Marine Le Pen, before the cuts of meat, the question arises. In response, Nicolas Sarkozy wants a clear distinction between the classical deduction, that is to say, after stunning the animal, and depression according to Muslim ritual or Jewish, is very funny. "We recognize everyone's right to know what he eats, halal or not. I therefore wish the labeling of meat according to the method of slaughter, "said the head of state on Saturday during his meeting in Bordeaux.

An announcement of the president candidate is a surprise: there is only one week, the government has withdrawn a bill (with a leader Françoise Hostalier, MP North UMP) up very precisely in this sense. Recently, also, the Agriculture Minister Bruno Le Maire recalled that it was not "stigmatize" the affected communities, bolstering the positions-very-powerful clerics and the food industry, which fears that such labels do disrupt the meat market. In 2010, another member Nicolas Dhuicq, the UMP too, suffered the same setbacks, still under government pressure.

Labeling unlikely

Today, the labeling of halal products is not mandatory. The "Halal" appears prominently on thousands of products, and proves to be an excellent marketing strategy. Nevertheless, it is nothing regulatory. In other words, you can eat a product marked "halal" is really without his. And you can also consume a product that is not stamped "halal", but he is yet.

Label products to better distinguish them, the solution seems simple. But only in theory because in practice the regulatory framework does not allow it. This would, in the same way as for the AB logo affixed to the products of organic farming, that Europe gives the green light. For labeling becomes mandatory, the proposal would have "obtain a qualified majority of the European Commission and Parliament," assures us there at the Ministry of Agriculture.

But Europe has already said no: in 2009, the debate on the conditions of slaughter was then opened, and in 2011, consumer information, "but this has not been retained, while several states EU did not see the need, "says one cabinet ministry, even if the pressure of industrialists and representatives of Jewish and Muslim communities is also denounced. If Spain and Lithuania have defended such a project, others are turned. Sweden and Austria, for example, the ritual slaughter as it is even forbidden, these important country all their halal or kosher.

A risk of rising prices

Thus, if the labeling became mandatory method of slaughter, an ox killed without stunning is cataloged "halal" or "kosher" from head to toe. Or for example, according to Jewish tradition, only the "top" of the beast can be consumed. The rest – the back – going on in the conventional circuit. Thus, a tab or a bib, that Jews do not eat, labeled "very funny" could remain on the shelves. The butchers are concerned about having to sell off the pieces. And these losses through higher prices elsewhere.

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An agreement, signed last week between the management of Air France and the main pilots' union of the company, the SNPL, already mitigates the impact of future legislation on guaranteed service in the airline, currently before Parliament.

Transposition of the 2008 Act applicable to the SNCF, the text of UMP Eric Diard plans to compel the workers of the company to declare 48 hours in advance. The goal: to inform travelers of disruptions to come, and ultimately, to minimize the effects through the reallocation of non-striking staff.

This second objective is partly compromising the agreement with pilots. According to Liberation, he states that their schedule "is stable [...] in all circumstances and at all times, without exception." This excludes de facto reallocation constraint non-striking staff in case of conflict. It remains permissible on a voluntary basis.

Appease the social climate

The management of Air France denies having given wrongly. "This new agreement ratifies simply clarification of an agreement dating from 2006, which was the subject of a dispute with the pilots," argues a spokeswoman. The company also advance security reasons for refusing to compel non-striking staff to take service if necessary.

But the agreement signed last week is primarily intended to appease a very tense social climate at Air France. Shocked at the beginning of February still a strike, it lies in the necessity of escalating tensions, "without which it knows will fail in the medium term," said Eric Diard.  

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New episode in the folder Veolia Environnement. Its CEO, Mr. Frérot, is on trial. Borloo could indeed take control group of utilities and largest private employer in France. According to Les Echos, hostilities between the former boss of Veolia now head of EDF, and the runner Proglio Antoine Frérot, arrived at the helm of Veolia end of 2009, could be decided during the next meeting of the Board of Directors on February 29. Following this meeting promises to be choppy, several administrators of the group would seek a dismissal of the CEO. Conducted by a sling Proglio which intends to show that he still holds the strings of the group he led for many Annes before moving to EDF. According to Liberation, Proglio have discussed the replacement of Mr. Frérot by Borloo with Nicolas Sarkozy on February 12 when the two men met to discuss the rescue by EDF of Photowatt. The daily added that "history seems to have really played Tuesday, Feb. 14, on the plane. Proglio and Sarkozy publicly come to seal the resumption of Photowatt. The company is saved and Isère Proglio intends to turn the matter Veolia on the carpet. "

"I am driven by two major groups"

However, the facts disputed by the Minister for Ecology Nathalie Kosciusko-Morizet. "I was on the plane, there were no apartments and there is no discussion on this topic. So that's false, "she said. But surrounding the ouster of Mr. Frérot to head the group, the spokesman of the candidate Nicolas Sarkozy, however, said she could not "confirm or deny" the information.

For its part, Borloo does not dispute some meetings with "people of Veolia," said Liberation. The daily notes that "at least five members of the board, fully identified, reportedly met Borloo, Thursday and Friday." The applicant further states that the daily Veolia is "a company that I know well as a former minister. They have problems and if I believe what is said, there are a number of shareholders who believe the group needs a class to his head. " The question is whether Borloo could be this character. For now, the former minister is cautious and says that "the only thing I can say is that now I am driven by two major international groups that are not Veolia. And contacts with them are very advanced. "

Other names circulating

But other names than that of former Minister of Ecology would be approached to head the former Generale des Eaux: Augustin de Romanet, CEO of the Caisse des Depots, "but denies the entourage contact, "according to Les Echos, Jacques Veyrat, the former head of Louis Dreyfus and Daniel Bouton, former CEO of Societe Generale.

The poor performance of the group explain, in part, the disallowance of certain directors of the group. Last year, Veolia has indeed passed successively two profit warnings and should show a loss of 200 million for fiscal 2011, according Challenges. The plunge on the stock exchange, which has lost nearly 60% of its value in one year, also feeds the sling administrators. This morning, the title company specializing in water, waste treatment and transport loses more than 4% to about 9 euros, the biggest drop in the CAC 40. The flagship index of the Paris ahead of his 0.6% to 3455 points.

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PSA announced this morning its annual accounts. The group recorded an operating profit of 1.31 billion euros, against 1.79 billion a year earlier. The net profit is not apparent at 588 million euros, against 1.13 billion euros in 2010. Meanwhile, turnover rose by 6.9%, to 59.9 billion euros.

Peugeot loses money on its core business, namely to build and sell automobiles. To be precise, the industry grouping of PSA Peugeot Citroen and recorded an operating loss of EUR 92 million in 2011. In the second half, the deficit in the division has even approached the 500 million euros. Outside this perimeter, the Chinese subsidiary is profitable but it remains small (404,400 vehicles sold).

After a brief stint in the green, the action has continued to sink throughout the session. At 16 hours, as the same fall of 6.9%, to 14.07 euros.  

Peugeot said it plans to open the capital of its subsidiary Gefco, specializing in logistics. He also plans to sell the walls of his Paris headquarters. This is to return cash to the group. It is perhaps this aspect that worries investors.

These efforts include a major program of asset sales of 1 instant payday loans.5 billion euros. This amount includes the sale (completed in February) of the car rental company to quote an American group for 440 million euros, the IPO of the highly profitable logistics subsidiary Gefco, which PSA could take about 560 million, and dispositions of real estate assets – including the walls of the Paris headquarters of the Avenue de la Grande Armee – to 500 million.

Vague and cautious outlook from Moody's

Beyond the figures, investors are sensitive to the perspectives of PSA. THERE is no forecast of operating margin. It is unclear whether Peugeot will be profitable this year. The group expects a 5% drop in sales in Europe, including a 10% decline in France. Growth should be at the rendezvous in emerging countries.

For its part, Moody's placed under surveillance in his note on the group. If the rating agency's rating deteriorates, Peugeot would be in the category of junk bonds.

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• President Sarkozy does not want to copy Germany

Nicolas Sarkozy reaffirmed the importance of a strong Franco-German axis. "If Europe is strong today is because Germany and France have made compromises," the president said in an interview with Angela Merkel crossed, broadcast Monday night on France 2 and German TV ZDF. "Germany has made compromises on the government economic and France on budgetary discipline," he added.

"There is no question of copying the German model but converge to it. It is important to build on what is happening outside: we envy Germany in its ability to gain share of the export market, and Germany want our social model. "Criticized for its excesses rigor at the expense of growth, Merkel said simply: "It is harmful to oppose fiscal discipline and growth. The fiscal pact not against growth, "she said.

• Nicolas Sarkozy's admiration and friendship for Chancellor

Answering the question of his relationship with the German chancellor, the president told his feelings: "Yes I have admiration for someone who leads 80 million Germans during the crisis (…) yes I have an affection for her, "he said, insisting that he and Angela Merkel" N (s) here to (their) duty. "

• Angela Merkel supports political Nicolas Sarkozy

Monday morning, the German Chancellor has supported political candidate – not reported – for president Nicolas Sarkozy at the 14th Council of Ministers Franco-German payday loans with no fax.

In the evening, during this interview, she explained: "I support Nicolas Sarkozy on all levels because we belong to parties friendly." Merkel said that the French president had come to also support by participating in 2009 to one of his rallies in Berlin, a few months before his reappointment as head of the German government.

Asked about whether she will receive the socialist candidate for president Francois Hollande, Merkel said that "there is nothing to (was) decided yet." "Mr. Steinmeier [Social Democratic candidate for chancellor in 2009] had not been received in France," she said, adding: "We have other problems to solve."

• Nicolas Sarkozy defends Claude Gueant

"It's a ridiculous controversy," said Monday the head of the French state on the wave of indignant reactions provoked by the remarks of his interior minister, Claude Gueant, who said Saturday that "all civilizations are equal. " "The interior minister said that a civilization, a scheme, a company that did not grant the same place and same rights for men and women, it did not have the same values. It's common sense, "he said. "If we want to not argue, it would save us much time to lose," added Nicolas Sarkozy.

The Korean Kospi loose 0.68% to 1782 points while the S & P Australian unscrews from 1.48% to 3984 points. The Indian Sensex drops 0.15% on its side at 15,864 points. The financial sector is under attack throughout the region. In Hong Kong, China Merchants Bank lost 2.57% and Bank of Communications was down 1.43. In Sydney, Macquarie Group was down 2.51% while in Tokyo, Shinsei Bank lost 5.20%.

In Japan, however, the Nikkei has tried the rebound during the session payday loans. He finished last in equilibrium, a small loss of 0.06% to 8160.01 points, supported by the securities industry exporters. The latter benefit from a surge in the dollar against the domestic currency, above the 77 yen. Nikon gained 2.84%, Mitsubishi 3.41% and 1.06% Fujifilm. The action Olympus continues to rise after having earned 17% yesterday. The title was up 5.69%. The broader Topix index has in turn taken up 0.07% to finish at 706.60 points.

• On the principle of austerity plan

To: "Rigorous, that means we are trying simply not to spend more than we earn, defended Gilles Carrez (UMP), General Rapporteur of the budget to the National Assembly. This is still the least serious. It's been 35 years since we spend more than you win. "

Cons: Attention Cycle "infernal restraint, lower growth," warned the Socialist Michel Sapin, close to François Hollande.(…) Must be avoided that there is more possibility of moonlighting. "

More broadly, the self-entrepreneurs fear that their services are subject to VAT, which would increase the cost to the customer and complicate their efforts. "If the specific regime of VAT on maintenance, repairs had to be increased from 5.5% to 7% to meet the economic challenges in Europe and that of the euro", the Union of self entrepreneurs ( UAE).

• Taxing more large companies

To: The boss of bosses Laurence Parisot is not opposed to the principle: "It is possible to consider things temporary, exceptional measures, time adjustments. But we must not imagine a device that would be sustainable.

In Athens

"Greece is entering a new era," commented George Papandreou during his press conference in Brussels. The Greek prime minister did not hide his relief in a speech to the nation on Thursday night. Greece was saved at the default. Among the measures adopted at European summits include the release of a new tranche of 100 billion euros and the deletion of 50% Greek debt, "voluntarily" from the private creditors (banks, insurers …). This debt and return to 260 billion euros, its level of 2009. The ambitious program of privatization has also been revised downwards. The objective is to privatize up to 30 billion euros by 2020 instead of 50 billion euros for 2015.

"It will not delay to send us these details," claims Vaggelis Haratsis, CEO of the company financial management Ahepef Beta. Holding a lot of Greek debt, local banks will be hit hard by the discount will be recapitalized and 30 billion to cash in shock payday loans no teletrack. This will involve probably the injection of public capital. "If the banks really are nationalized, it will be the key for several years. In the end, they pay the inability to manage the crisis by politicians, "said Vaggelis Haratsis.

In return for aid to Brussels, Greece has to accept an austerity to 2020 and ongoing monitoring of representatives of the European Union and the International Monetary Fund. Experts to settle in the country to monitor progress with reform and adjust if necessary.Only in this way we can avoid recession and reducing unemployment is at 17%. " It will also quickly overcome the social discontent, motivate the Greeks to return to work, to stop the strikes and occupations of government departments, and not to cheat on their taxes.

The fear of a slowing Chinese economy weigh on Asian stock markets. On Tuesday, the day after a session, however encouraging, the Hang Seng Index in Hong Kong and Shanghai Composite Index unleash respectively 3.52% and 1.52 points to 18,209.70% to 2403.32 points. Investors react to the publication of a slowdown in Chinese growth to 9.1% in the third quarter, against 9.7% and 9.5% in the first and second quarters.After this bad figure, other regional financial centers are also displayed down: the Nikkei of the Tokyo Stock Exchange lost 1.55% to 8741.91 points, the Kospi index in Seoul fell by 1.51% to 1837.01 points, the S & P / ASX 200 Index yields 2.07% at Sydney 4186.90 points, the BSE Sensex 30 in Mumbai plaice 1.73% to 16,730.10 points and the FTSE Straits Times of Singapore gives up 1.81% to 2728 , 55 points.

"Economic growth is currently facing a more complicated on both external and internal plans," said the spokesman for the National Bureau of Statistics (NBS), Sheng Laiyun commenting on the growth of China. In fact, Chinese exporters are beginning to suffer from particular sovereign debt crisis in Europe, their largest market, a difficult economic situation in the United States.The Chinese economy is also impacted by rising wages and strong yuan, has appreciated by 7% in a year against the dollar. "The number of factors of instability and uncertainty increases," says Sheng Laiyun.

The concern weighing on Europe

In this context, the correct figures for China's industrial production have gone unnoticed. This has increased by 13.8% in September year on year, according to BNS.

In addition, concerns about the debt crisis in Europe grew yesterday and weigh Surles markets payday loan lenders. The German Minister of Economics Wolfgang Schäuble has indeed warned that the EU summit to be held in Brussels Sunday will not lead to a definitive solution to the debt crisis. And, while the central bankers of the euro zone had promised a response "comprehensive and lasting peace" to the crisis at the G20 finance this weekend in Paris.

China Eastern Airlines to Hong Kong and Tepco

On the corporate side, China Eastern Airlines (-9.82% to 2.57 Hong Kong dollars) on Monday announced an agreement to acquire 15 Airbus A330 family for a selected list price of $ 2.5 billion, for delivery between 2013 and 2015.

The action of the firm Olympus camera dropped by a further 8.87% to 1.417 yen to the Tokyo Stock Exchange, bringing to 43% since the sudden collapse of his dismissal Friday of its British CEO accused of mismanagement President Honorary Japanese company.

Note that Tepco, the operator of the nuclear accident in Fukushima, yields 1.38% in Tokyo, after asking the first tranche of public assistance of some 700 billion yen (6.7 billion euros) for finance part of the compensation of victims, according to Japanese media on Tuesday.

On the front of currencies, the euro rose 0.28% to 1.377 dollars on Tuesday. Oil is meanwhile down in Asia after the confirmation of a slowdown in Chinese growth in the third quarter against a backdrop of skepticism about a speedy resolution of sovereign debt crisis in the euro area. The barrel of "light sweet crude" for delivery in November, up in the early electronic trading, lost 9 cents to 86.29 dollars, around 6:00.

After the events of spring Arab countries that have stirred strong tourism such as Tunisia and Egypt, it is time to first results. As part of the Institute of Economic Forecasting of the Mediterranean world (IPEMED) led by Jean-Louis Guigou, the Mediterranean Travel Association (Meta) published assessments that it may take a little balm to the heart of tourism professionals present in this region.

"The attendance figures, down in the first eight months of from 40 to 50% from a year 2010 already bad, should be better in the second half of the year," said Stephen Pauchant, president of the Meta. According to his calculations, the outlook for 2011 should reflect a fall of 15% of international tourist arrivals (27.3 million) in the area between Morocco and Egypt.However, for the entire perimeter of the Mediterranean, Stephen Pauchant expects an increase of about 2.17%.

The sense of security is "acceptable"

The price reductions, promotional campaigns, the arrival of new customers came from Eastern Europe and Asia do not explain everything: the sense of security has improved in these countries bad credit payday advance. Probing of tourists, the institute noted that TravelSat indices had improved. "Now the feeling of security is considered" acceptable "," said Olivier Henry-Biabaud, president of TravelSat, the index is comparable to some European capitals during a short stay because the stress of city life can be important ".

The fact that in Tunisia, during the Arab spring, no hotels have been attacked, no tourist was concerned, adds to the perception of safety.Important source of foreign exchange, tourism is expected to return in the long term growth. "The tragedies of past attacks demonstrate that the concept of resilience is strongly rooted in these countries, says Maxime Weigert, expert on tourism in IPEMED. Not only tourists return after tragedies such as that of Luxor in 1997 (58 tourists killed), but the learning curve reaches the same level as if nothing had happened. "

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