2009-2010 season: OM won his first championship of France since 1993 and PSG end to a sad 13th place. Two years later, the situation was reversed: after 14 days of the championship, the club of the capital take the lead in Ligue 1 Marseille and his rival just to exit the middle of the table (tenth). Economically, the situation is identical. The reason lies in two words: Qatar.

By buying in May, 70% share of the capital club for just over 30 million euros, Qatar Sports Investments (QSI) ushered in a new PSG financial sphere. "Lyon brought an offering in February 2007, 28% of its capital to 100 million euros, valuing the club at 360 million, said Vincent Chaudel, expert sport at Kurt Salmon. For its part, the Parisian club would be valued 50 million. Is it more than six times less than Lyon? I'm not so sure.Potential, if only as local, is enormous. "

"Manage your club is good, investing is better"

For its part, the main shareholder of the OM, Margarita Louis-Dreyfus was clear: "I am neither my husband (Robert Louis-Dreyfus died in July 2009 and former owner of Marseille) or Qatar," Has she told the world last October. In other words, it does not align the euro as easily as the Qataris. "Manage your club is good, but it's better to invest a club like OM, which is dependent on the income earned by the Champions League. And if he does not qualify for this competition, losses can reach 20 million. Which, for a budget of 140 million, is not negligible, "said Vincent Chaudel.

The first thing to do while deciding upon an insurance policy is to get the term quotes from various life insurance companies.

The annual summit between China and the European Union, to be held Tuesday in Tianjin (northeast China), will probably be postponed to a later date, according to European sources consistent.

The inability of Europeans to agree on remedies to the crisis of sovereign debt and the prospect of an additional emergency summit in Brussels next week will prohibit the EU President Herman Van Rompuy to honor its meeting with President Hu Jintao and Chinese Premier Wen Jiabao told the BBC a European official.

The involvement of China and its financial resources in a regulation of the European crisis was one of the issues implicit go to Tianjin.Was the first time that the three European leaders, Herman Van Rompuy, and José Manuel Barroso and Ashton had to go all in China.

The last EU-China Summit was held October 6, 2010 in a tense atmosphere in Brussels, Europe has called on China to let its currency appreciate more and make progress on human rights two days before the announcement of the Nobel Peace jailed Chinese dissident Liu Xiaobo.

Lefigaro.fr – The Mouth of Employment, Dominique Cros documentary, highlights humiliating recruitment practices. Is this common?

Geraldine Rieucau – No, of course. Recruiters are not disrespectful majority of candidates. Otherwise, they failed to provide proper offers. As everywhere, there are good and bad recruiters. But even if we should not generalize, this documentary is still evidence of practices that exist: infantilization of candidates, the will to destabilize the discrimination of certain profile, a contempt for the job seeker is attitudes that we observe, more and more.

Why?

There is always a balance of power between the recruiter and the candidate. The nature of recruitment created an inequality between the two parties. But several factors have increased the imbalance.The economic crisis first, which has intensified competition among candidates, and allows the recruiter to demand more from them.

And then for various reasons, recruiters are placing more and more importance to the personality of the candidates, so that this criterion sometimes takes precedence over qualifications and skills. And the grounds to see how a candidate is resistant to pressure, some were quick to destabilize or to make uncomfortable.

Consequence of these two factors, the motivation of the applicant has become an essential criterion payday advance low fees. But behind this concept, what the recruiter wants to know is whether it will be often enough finally available and ready to work overtime, etc..

Recruitment firms are more they implement these bad practices?

No, I do not think so. An employer, an HR department is just as likely to skid.But it is true that firms, whose service is costly, are often called upon to fill management positions in CDI. The recruiter will then spend more tests, more pre-select candidates … But be aware that less than 3% of hires are made via a recruitment agency. Conversely, 40% are the result of an unsolicited application.

The discourse on the fight against discrimination mean in reality?

For 10 years, recruiters are clearly more careful not to discriminate on criteria visible. But there are forms of indirect discrimination that persist and are very difficult to control. When an employer requires its future employee lives near his work, for example.

Overall, large firms have more ways to avoid discrimination.This often led to further standardize recruitment, to centralize procedures. The human resources sector has benefited: the U.S. example, the size of the sector and the influence of RH increased sharply with the policies of "Equal Opportunities".

From our special correspondent in Wroclaw.

The Europeans hoped "a dialogue between friends," the Americans had "no arrogance." Las. With the destabilization of markets and growing concern on both sides of the Atlantic, the U.S. Treasury Secretary, Tim Geithner, could not resist lecturing his seventeen counterparts in the euro area gathered Friday to Wroclaw (Poland).

The relief provided by five central banks – including the U.S. Fed – banks in the euro area will not long concealed the absence of concerted policy response to the crisis. On behalf of the Europeans, the President of the Eurogroup Jean-Claude Juncker declined projects Tim Geithner, citing "differences in approach with our American colleagues."Treasury Secretary, he has put his finger where the euro hurts: he publicly expressed concern "of the conflict between governments and the European Central Bank," a week after the sensational resignation of the Chief Economist of the ECB .

Barack Obama's America, soon launched a presidential campaign, fearing a collapse of Greece, a contagion to European banks and a possible fracture of the euro area. If the crisis deepens, it is the U.S. economy would suffer the backlash, shock reverse of that which had hit Europe after the collapse of Lehman Brothers in 2008.

The first message in Washing-ton is to push the Europeans to speak with one voice and act decisively. "Governments and the Central Bank should work together (…) to avoid catastrophic risks for financial markets," said Treasury Secretary.And he insists, denouncing the cacophony that destabilizes the common currency: "Everyone should also abstain from loose talk about the end of the euro area." Targeted: the proponents of expulsion from Greece …

Denial of a tax on financial transactions

The unprecedented invitation launched by Poland – host country because currently presiding the EU – Timothy Geithner had anything to embarrass, in turmoil, the finance ministers of the euro no fax payday loan. We saw Baroin host the head of U.S. Treasury of a strong handshake in Wroclaw. But the Euro has carefully kept at a distance. He has not formally participated in the circle, but a "preliminary conversation" about an hour. Contrary to custom, he did not sent to journalists.To tell his truths to Europe, he preferred an audience of bankers in another part of town.

Some did not take gloves to say that Europe has no lessons to learn. The United States, collapsing under the deficits should put their own house, says the Belgian Didier Reynders. "America has nothing to dictate when the person refuses flatly our suggestions," added the Austrian Maria Fekter. It is true that Tim Geithner repeated Friday his opposition front to the tax on financial transactions carried to Paris, Berlin and Brussels.

Decisions deferred

For the second time in eight days, Treasury Secretary left Europe empty-handed. Friday, the Europeans have made a face at her suggestion to "leverage" means the EFSF, the bailout fund for countries of the euro in difficulty."This is not a subject that is discussed with a country outside the EU," Jean-Claude Juncker meant. Same end of inadmissibility of the American idea of ​​supporting the growth of public funds "even a donkey does not stumble twice on the same stone, 'says Didier Reynders, convinced of the urgency to fight first against the deficits.

For the Americans as to Europeans, the European event in Wroclaw ends with a disturbing sense of incompleteness, even for emergencies. The Eurogroup has pushed to mid-October a decision on payment of 8 billion euros to Greece. He did not reach an agreement on guarantees that Finland requires Greece.

Wall Street closed on a nice increase on Tuesday. Finally the green, while the day was very hard: the Nasdaq fell 6.90%. On Tuesday, at the opening, the rebound was in order. And even if it was shaken by the Fed, which held a speech rather worrying to 20 hours (Paris time), the trend is finally returned to positive. At the close, the Dow actually increased from 3.98% to 11,240 points, with a surge in the last few minutes, and recross the threshold of 11,000 points, lost yesterday.The Standard & Poor's 500 and 100 Nadsad, very volatile, too, have finally rebounded 4.75% respectively) in 1173 and 5.29% points to 2483 points.

A sustained increase in contrast to the cold reception that investors gave the Fed about tonight: the Central Bank of the United States announced Tuesday it would keep its key interest rate near zero "in least until mid-2013 "and that it was considering new stimulus package to help the economy. These ads have been justified by growth 'considerably slower' than expected and risks "have increased". And investors did not like the Fed is so accommodating, a sign that the economy is really bad.But ultimately, they are relieved that the monetary authorities are behind them.

Also very anxious before the meeting with the Fed, the European and Asian market, have they finally closed in the green after a yoyo session. In Paris the CAC 40 fell below 3,000 points for the first time since July 2009. But the trend seems to have subsided, the indices being pressed into the green in the afternoon.

Global oil demand to decrease

The Organization of Petroleum Exporting Countries Tuesday lowered its forecast for growth in global demand for crude in 2011, citing deteriorating macroeconomic outlook in most advanced economies paydayloans. In its monthly report, OPEC reduced its forecast of 150,000 barrels per day (bpd) now and plans for this year growth in global demand of 1.21 million bpd of crude.In financial markets, oil prices ended Tuesday to its lowest level since September 29, 2010, yielding about 2.5%. On the Nymex, the contract on September U.S. crude (WTI) ended on a loss of 2.01 dollars, or 2.47% to 79.30 dollars a barrel. Meanwhile, Brent advanced yielded 1.74%, or 1.81 dollar to 101.93 dollars.

Earlier this afternoon, investors are aware of a new better than expected, but still not glorifying to the future of U.S. growth. Productivity, which measures hourly output per worker, fell at an annual rate of 0.3% over the period April to June after falling 0.6% the previous quarter (revised from 1.8%). The market expected it folds down from 0.8% in the second quarter.

Face communication at high risk of the Fed tonight, "it is clear that the average productivity of U.S. companies in the second quarter is very far from the concerns of the market and will go unnoticed" analysts suggest Aurel BGC. Especially since the figure is clearly negative, the victim of an increasingly weakened growth.

The market capitalization of U.S. computer maker Apple (5.89% to 374.01 dollars) briefly exceeded that of the oil giant ExxonMobbil (2.39% to 71.87 dollars) Tuesday, becoming the company's most expensive the world, said a specialist told AFP. The market capitalization of both groups were around 340 billion dollars in the afternoon in New York, told AFP Volokhine Gregory, head of markets for the company portfolio management Meeschaert New York.That of Apple rose temporarily above that of ExxonMobil to 7:20 p.m..

As we approach the presidential election, the idea of ​​establishing a single employment contract instead of the current CDD and CDI returns to service. The National Association of Directors of Human Resources (ANDRH), the Assizes were held in Paris on Friday, wanted to "deliver the proposal to the public debate," now calling legislators and social partners to tackle them.

"This is not a new idea, warned the director in the morning at the microphone of a Europe, for the first time against that as we engage practitioners to advance in this field." One idea already welcomed by Labour Minister Xavier Bertrand, who ruled on Friday that it i-TV should be studied free credit score online. No wonder this: the reform program was already the candidate Nicolas Sarkozy in the 2007 presidential election.

The idea may indeed seem attractive.Two reports published in 2004 while two (one from the Economic Analysis Council on the protection of employment, both of Pierre Cahuc and Francis Kramarz Social Security Professional), as well as the Attali report, the had also called their wish, including with the aim to overcome the strong duality of the labor market. By giving employees rights progressive, the single employment contract is "to fight against the excessive use of fixed-term contracts and temporary," justifies the ANDRH.

A revolution

Source: INSEE

The record turns Greek puzzles. In Brussels on Tuesday, finance ministers of the Eurogroup have once again gathered to discuss a new rescue plan, with the stumbling block of how to involve private creditors.

The coming days ahead crucial step after the meeting convened in emergency Tuesday night. The future plan for assistance must be discussed Monday during a Eurogroup long planned – this one – in the context of the EU summit on 23 and 24 JuneMeanwhile, Nicolas Sarkozy and Angela Merkel should also mention the issue in Berlin on Friday.

Crushed by the weight of a huge debt of 350 billion euros, Athens has already obtained a loan of 110 billion last year, and creditors are preparing to give a hand to the pocket extension could be around 90 billion euros, according to figures frequently mentioned.

Reactions conservative banks

"The German government is ready to take additional measures," said Tuesday the German finance minister, Wolfgang Schäuble, while holding that "of course" private sector participation was "an element" of any additional program.His Dutch counterpart, Jan Kees de Jager, for his part felt that the private sector should shoulder more than 30% of a new assistance plan.

But the European Commission, the ECB and France in particular, warn against any commitments forced march of banks and other pension funds, which could have a destabilizing effect on markets. "We are against the involvement other than a voluntary private creditors," was repeated before MEPs Mario Draghi, who should succeed Jean-Claude Trichet in November.

For its part, the Commissioner of Economic Affairs, Olli Rehn, has talked about the preparation of an "Agreement on the basis of the Vienna initiative, under which banks extend the term of their loans and do so voluntarily."For the Belgian Finance Minister Didier Reynders, "all sorts of authoritarian measures likely would include a risk for Portugal or Ireland, a risk for the euro area."

Several options are on the table. Berlin calls for an exchange of bonds, which would lengthen the debt maturity of seven years. The other track to the study is a continuation of voluntary debt maturities (rollover).

The ground is shifting, investors can quickly interpret a conscription as a step toward bankruptcy. As a warning, the rating agency Standard & Poor's downgraded three notches Monday note of Greece, to "CCC".

From the banking side, the reactions are currently cautious.The German Banking Federation Saturday approved the principle of private sector participation, without specifying the terms, while the governor of the Bank of France showed its confidence in the financial system driver (see below). French and German institutions are most at risk from international creditors.

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Avoid taking unnecessary risks. This should be the credo of investors on Wednesday at the Paris Bourse. The CAC 40, which strengthened yesterday after eight consecutive sessions progresison, thus starts the day on a drop of 0.18% to 4089.64 points.

The movement is exactly the same on other European markets. At the London Stock Exchange, the FTSE-100 index lost 0.54% to 6049.96 points in early trade. The Frankfurt Stock Exchange also opened down 0.34% to 7475.18 points.

Investors have no clear upward or from Wall Street or the Asian markets. In addition, the program of the day is very busy. In addition to a series of important industry publication, several statistics are on the agenda. In France, there will be counts of the trade balance in March and the PMI services in April.This indicator is also expected across the eurozone, as retail sales in March. United States, employment is under the spotlight. So what awaited the traditional monthly report Friday, the markets will have an overview of the U.S. labor market from Wednesday with the Challenger study on employment, which will be followed by the ADP report. Next came the ISM services and oil stocks weekly.

Oil markets precisely, prices are still trending down in morning trading. A barrel of light sweet crude for June delivery lost 76 cents to 110.29 dollars while that of Brent North Sea also June delivery yielded 69 cents to 121.76 dollars. Brokers are questioning the declining demand in the United States. On the currency markets, the euro fell slightly to 1.4813 dollar.

BNP Paribas beats consensus

Orpea

The group announced Wednesday an increase of 26.7% of its sales in the first quarter of 2011 due to high occupancy of its homes and its clinics. It confirms its target of a 2011 turnover of at least 1.210 billion for the full year (964.2 million in 2010) and "maintaining profitability remains strong."

BNP Paribas

The group reported results well above expectations for the first quarter. Net income was up 14.6% to 2.6 billion euros over the first three months of the year, revenues rose 1.3% while provisions for bad debts fell by over 30% .

Alstom

The specialist in energy infrastructure and transport on Wednesday released results 2010-2011 in sharp decline, especially because of its activities in energy, and confirmed its targets for this fiscal year cours.Sur ended March 31, Alstom recorded a net profit of 462 million euros (-62%), operating income of 1.570 billion (-12%) and a turnover of 20.923 billion (+6%).

CGG Veritas

The oil services group has widened its losses in the first quarter to 37 million. Its sales rose 5% but at 728 million euros. The group recorded a backlog at April 1, to 1.22 billion on a market that is expected to strengthen gradually.

Iliad

The company said sales rose 1.1% to 509.8 million euros in the first quarter.

Scor

The French reinsurer posted a first quarter net loss of 80 million euros, mainly due to the cost of natural disasters in the first three months of 2011.

Side publications are expected on Wednesday égalment those Nicox and Boursorama (first quarter results). M6 and Gecina unveil their turnover in the first quarter. After trading, the income of Cegedim, and Mr Bricologe SeLoger.com are expected.

Vicat

The group announced on Tuesday a jump in sales in the first quarter thanks to a rebound in its business in Europe, helped by particularly mild weather conditions.

NRJ Group

The group announced Tuesday an increase in advertising revenues in France since the beginning of the second quarter, after posting a jump in sales over the first three months this year thanks to its television division.

Hermes Jean Paul Gaultier officially leaves

Valeo

The U.S. investment fund Pardus has criticized the leadership of Valeo's not doing more to address the valuation gap between the automotive supplier and its competitors.

Hermes

The broker said Tuesday the sale of its 45% stake in Jean Paul Gaultier perfume Catalan group Puig. The sale price of securities and loan repayments will generate a book profit of EUR 30 million in 2011, said the saddler.

Europacorp will present its strategic plan while Air Liquide holds its general meeting at 15 o'clock.

Hotel occupancy in France was restarted in 2010 after the 2009 economic crisis, while the success of the campsites can not be denied, especially for higher-end, according to an INSEE survey released Thursday.

In 2010 the number of overnight stays in hotels rose 2.2% in France compared to 2009 to 192.2 million. The growth has not led to clear decline in 2009 (-4.9%). Let alone find the record of 2007 (198.9 million nights), this study is conducted in partnership between INSEE and the general direction of Competitiveness, Industry and Services (DGCIS).

Business customers (+4.6%) largely explains the recovery. Foreign tourists are partly income (+2.8%). The attendance of French customers has also increased (+2%).

The upscale hotels are the first beneficiaries of the recovery.The number of overnight stays increased by 12% for 4 and 5 star establishments, 3.7% for the 3 stars but is down 0.7% for the 2 stars.

Chinese customers (+45%) arrive en masse, before the South Americans (+28%) and clients of the Near and Middle East (+23%).

Europeans are fewer (-0.2%). The clientele of the United Kingdom, traditionally the most important, yet declining sharply in 2010 (-6.7%). However, attendance is strong from the countries of Central and Eastern Europe (+13.2%) and Russians (28.3%).

For the 2010 season, the number of overnight camping has increased slightly (+0.9%) to 103.8 million.

French professional football tries to lift his head. Sealed by a record deficit of 130 million euros in 2009-2010, the clubs in Ligue 1 and Ligue 2 will reduce to ten million in 2010-2011, according to the report released Tuesday by the Professional Football League (LFP ). A decrease of 92.3%.

This figure is only "a trend indicator" as FIFA confirms a trend that French football would establish a new economic model. His priority? Reduce payroll clubs. On the occasion of the next transfer market, which will open next June, the slogan will sell more buying. This creed, which is reminiscent of financial fair play that UEFA president Michel Platini wants to introduce from the 2014-2015 season seems to have resonated with the clubs."There will be no madness this summer, it's absolutely clear! It will get rid of some players and look for one or two that are free (of any contract with a club, Ed), Jean-Claude Dassier said in an interview with France Football magazine last March.

Delays in the transfer market

Professional clubs are also counting on the development of new sources of revenue in the medium term. In addition to opening paris online, they rely on the prospect of Euro 2016 and the construction of stadiums new generation, which should grow revenue at 25% of budgets against 15% currently.This will, according to Jean-Pierre Louvel, president of the Union of professional football clubs, "a real growth driver."

If the PSA highlights the efforts made by the elite of French football in reducing the wage bill in particular, it notes that "the majority of them are lagging behind their goal." While clubs rely on 264 million euros of capital gains on transfers, the LFP states that "only 41% of capital gains on disposal of players" have been made to date against 75% to 80% on time normal. "The business model of European football is unsustainable," says Olivier Ferrand, president of Terra Nova, co-author of "Change or die: what future for European football?" In La Tribune. The purge is necessary and must take place now. "The establishment of financial fair play, which aims to limit debt clubs, will be effective in only three years.

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