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OpinionWay poll for Le Figaro and LCI, 57% of French people say they are against an increase in VAT. Other measures announced by Nicolas Sarkozy are they rather welcome. The standard VAT rate will increase on 1 October from 19.6% to 21.2% to compensate for 13 billion euros of lower employer contributions, announced Sunday, January 29 Nicolas Sarkozy a majority of French (57%) are against an increase in VAT in return for lower social security contributions, but approves other measures announced Sunday night by President Nicolas Sarkozy, according to a survey OpinionWay-Fiducial for Le Figaro and LCI released Tuesday soir.28% of respondents are "totally opposed" to "lower burdens on wages and, in turn, the increase in VAT by 1.6" and 29% are "somewhat opposed" .42% in however, support this measure (15% "quite" 27% "fairly positive"). 1% is silent pas.La proposal of the Head of State VAT increase is accompanied by a decrease in payroll taxes. The requirement for companies with more than 250 employees have at least 5% of young people in training is approved at 90%, creating a tax on financial transactions to 77%. 65% approve of "the possibility for social partners to negotiate agreements within each enterprise to define, for example working time of employees," 53% "higher than 30% of construction rights on any ground." For Moreover, Nicolas Sarkozy is preferred to Francois Hollande for "lead France" (39% against 32%, 28% said "neither"), "reduce the debt of France" (35% against 27%, "no of the two "37%)," reform France "(34% against 30%," neither "to 35%)," to get France out of the crisis "(31% against 26%," neither "42%). The socialist candidate prevails over the incumbent president when it comes to" bring the French "(38% against 18%" neither "to 43%). Study conducted on 30 and 31 January with a sample of 1097 people representative of the French population aged 18 and older, interviewed online and constituted under the quota method.

The French Building Federation says the crisis and the austerity measures will be expensive jobs. Last year, the sector had created 9000, after losing 20,000 in 2010. Volume, the activity is expected to fall 1.9% in 2012, after increasing 1.2% in 2011 and fell 3.8% in 2010.

The construction sector is expected to lose 35,000 jobs in 2012 due to financial crisis and austerity, who "broke" the upturn in the sector in 2011, said Tuesday the French Federation of the building FFB. In 2011, the sector had the opposite created 9,000 jobs, after losing 20,000 in 2010, including acting."The crisis of public debt in euro area and fiscal adjustment policies have shattered the movement of bringing economic recovery and still bears a few months, the quantitative improvement of our markets," said the president of the FFB, Didier Ridoret at a press conference.

Volume, the activity is expected to fall 1.9% in 2012, after increasing 1.2% in 2011 and fell 3.8% in 2010, said Didier Ridoret. It is expected to decline in all areas, with a 2.8% decline in new housing, 1% in the nine non-residential housing, and 1.7% improvement in maintenance. While in 2008 and 2009 the use of the building had been "preserved", "dyke will drop" in 2012 with a script "close to that of year 1990, which will permanently affect the production system," warned the FFB.

European shares opened up, consolidating their gains from yesterday, and moving towards their best monthly performance in 30 months in the hope of resolving the debt crisis.

In Paris the CAC 40 gained 0.34% (11 points) to 3380 points to 9.30. Renault jumped 4.8%, signing the second performance of the index the day after announcing record sales in the third quarter thanks to markets outside Europe and confirmed its objective of free cash flow and sales.

The FTSEurofirst 300 index of blue chips in Europe, which gained 10.6% since the beginning of the month, could register its biggest monthly increase since April 2009, although there is a decrease of 9% over the year.

The Stoxx European banking sector ahead 0.9% after jumping 8.9% the day before.The index remains down 23.5% over the year.

Credit Agricole and BNP Paribas are among the highest increases in the sector, gaining 4.3% and 3.8% on the Paris Bourse.

Exchanges could continue to rise next week in anticipation of the G20 summit on 3 and 4 November, Judge Edmund Shing, strategist at Barclays Capital actions, however, recommends that investors not to run after the market too aggressively.

"The next key event is held in just one week. Meanwhile, the shares can probably gain more ground," he said.

Three parties of the government resigned Slovak and the main opposition party have agreed to support a strengthening of the European Financial Stability Fund (EFSF), TA3 television reported Wednesday.

The leaders of three of the four parties in the coalition government had met earlier with Robert Fico, the opposition party Smer, following the rejection by members of the text EFSF reform and the resignation of the government was liable to the vote.

A new vote in Parliament to be held by no later than Friday, said Robert Fico.

The government accepted the holding of early elections in March 2012 and will remain in the opposition Smer thus far, he added.

Slovakia is the last member state of the euro area has not ratified the plan, which strengthens the powers of the EFSF to fight against the debt crisis. Ratification by each of the 17 member countries is required for its entry into force.

A spokesman of the majority party SDKU had previously indicated that a second vote in Parliament could take place as early as Thursday if an agreement was reached with Smer.

The French CMA CGM, the world number three container shipping, is considering moving to two billion dollars of orders at Chinese shipyards, where it is easier to obtain bank loans in Europe, the newspaper reported Friday Chinese Ta Kung Pao.

CMA CGM is in discussions with two major Chinese shipyards, State Shipbuilding (CSSC) and China Shipbuilding Industry (CSIC) in order to build 20 container ships with a capacity of 9,000 to 10,000 twenty-foot equivalent units (TEUs) the newspaper said, citing industry sources.

Bank of China's import-export plans to grant a loan to CMA CGM, Ta Kung Pao said.

The French group plans to commission the first five ships, with an option on the following fifteen, and have them built in Shanghai and Dalian for delivery from 2013.

CMA CGM, which was not immediately available to respond to this information, turned to Chinese shipyards after having been refused by those of South Korea, said one of the sources of the newspaper Chinese.

China's policy of supporting exports of electrical equipment and machinery, the products of the shipyards in competition with those of South Korea the world leader.

Groups of sea freight are penalized by an oversupply and high fuel costs in a context of fear for the world economy.

Due to the debt crisis in Europe, many banks are now refusing to finance continent this highly cyclical and impacted by the erosion of the price of transport.

Oil prices have rebounded sharply Wednesday, closing up more than 5% in New York in favor of a sharp drop in crude reserves in the United States and the feeling that the European authorities are acting to strengthen the banking sector the region.

On the Nymex, the November contract on U.S. crude (WTI) finished with a gain of 4.01 dollars, or 5.3%, to 79.68 dollars a barrel.Meanwhile, Brent advanced 2.81% or 2.8 dollar to 102.59 dollars.

Black gold and breaks downward a series of three sessions, benefiting too, as European stock markets, movement of purchases with it.

The European finance ministers gathered in Luxembourg reached an agreement Tuesday aimed at protecting the banks in the region, while calls for a recapitalization of European banks have increased the margins of the meeting.

U.S. inventories of crude oil fell last week, said Wednesday the U.S. Agency for Energy Information (EIA). Crude oil inventories fell 4.68 million barrels to 336.28 million.Economists on average had expected a rise of 1.9 million barrels.

The new car registrations in Europe fell by 2.0% in July and increased 7.7% in August, announced Friday the Association of European Automobile Manufacturers (ACEA).

Over the period from January to August, sales were down 1.3% from the same period of 2010 to 8,888,793 units.

Germany is the only major European countries to have recorded an increase of two summer months, with increases of 9.9% and 18.3%.All other major countries – France, Britain, Italy and Spain – saw their sales fall in July and increase in August.

The number one European car Volkswagen was up 12.4% of sales in July jumped 14.4% in August, while the number two European, French PSA Peugeot Citroën sees his lower 9.8% in July and 0.1% in August.

Renault recorded declines of 12.2% and 3.1%.

The fear mongering by Christine Lagarde on the urgent need for recapitalization of banks in Europe are not convinced. Neither the EU nor the analysts or investors. Christine Lagarde is in the race to succeed DSK to head the IMF.

The European Union Monday defended the strength of European banks after the words of the IMF chief Christine Lagarde has called for their "urgent recapitalization" in order to restore market confidence and facilitate access to liquidity. Fearmongering that have not really worried the markets.In Paris, for example, the title Natixis gained 3.72% while Societe Generale and Credit Agricole have completed on increases of 3.61% and 3.37%.

"European banks are better capitalized than a year ago," said the Commissioner of Economic Affairs Olli Rehn, during a hearing before the European Parliament, referring to the results of stress tests published in the European banking sector during the summer. The results of these tests conducted in Europe over 90 banks were made public last July. Institutions that have failed to make decisions to recapitalize within six to nine months, through mergers or asset sales in particular, he said. If this does not work, solutions that require public sector intervention to bail them out would then be considered.

Returning to the turbulence of recent weeks, Mr.Rehn, however, admitted that European banks have faced difficulties recently to finance itself. "We hope that their financing conditions will improve. The banks also have access to liquidity set aside by central banks," he added.

Executive Director of the IMF said "urgent" Saturday to recapitalize European banks so that they are "strong enough to face the risks of public debt and weak growth." "It is essential to stop the contagion," she said, considering that "the most efficient would be a substantial recapitalization required" with private funds and public funds "if necessary".

Asked earlier on the subject, the spokesman for Mr.Rehn, Amadeu Altafaj, stated to see no need to go beyond what is already expected to strengthen bank capital, or make "something extra". "The discussions between the IMF and the EU have already taken place. The IMF knows the results and developments to come," he said.

For their part, several large French banks did not hide their surprise after remarks that do not differentiate between European institutions. "French banks are among the strongest in Europe," we fell on condition of anonymity in one of them, referring to the good report of resistance testing.

French Banking Federation (FBF) declined to comment, referring to a statement of 19 August in which it stressed that the capital levels of French banks were "well above regulatory requirements."The CEO of Crédit Agricole SA Jean-Paul Chifflet on Thursday had dismissed any need for capital increase. He also reassured liquidity: its annual plan is "completed at about 90%," with available reserves of over 120 billion.

Lack of precision?

The words of the boss of the IMF were also found to be inaccurate by some analysts. For Pierre Flabbée, an analyst at Kepler CM, "it seems that the idea of ​​Christine Lagarde whether to restore the normal functioning of the interbank market and banks' access to liquidity, the recapitalization is a necessary step.""Bring the capital would be used to restore market confidence," he noted, saying that the banks involved and the amounts necessary "should be clarified" by Ms. Lagarde.

A second analyst, regretted, on condition of anonymity, the "wrong" timing and lack of detail by Christine Lagarde, while the sector is slowly recovering from false rumors that have recently plunged. Especially that "there is no problem of liquidity in the euro area, and if there was one, the ECB is ready to intervene," he noted.

Several institutions have also noticed that they have strengthened their capital base in preparation for the coming into force from 2013 rules so-called "Basel III" in the G20 countries.According to these regulations, banks must hold capital "hard" accounting for 7% of the loans they give to their clients, against 2% currently.

"I do not think the risk is specific to European banks," said Jean Peyrelevade, chairman of Banca Leonardo France and former head of Credit Lyonnais, Business on BFM. As the problem of indebtedness of the States "is not resolved, there is doubt about the strength of the euro area itself and therefore the banks of the euro zone."

European shares ended Friday's session down sharply, recording their worst weekly performance since March, after the announcement of a U.S. growth lower than expected, confirming fears of a market downturn United States.

The benchmark index of the Paris ended down 1.07% at 3672.77 points, according to preliminary closing level, computing the final level being delayed by a technical problem that disrupted the market for 3:30 p.m. at 5:08 p.m..During the meeting, the CAC 40 fell to its lowest level since December 1 at 3630.75 points (-2.2%) just after the U.S. GDP.

For the week, the temporary loss of the CAC 40 was 4.42%.

Among the largest declines including the title Veolia Environnement losing 9.5% after announcing the implementation of further restructuring and a redeployment of its activities and asset sales, which led him to abandon its goals.

The losses, however, were limited by the speech given by reassuring thought Barack Obama for an agreement is reached on raising the U.S. debt.

Other major European markets also ended down: the FTSE 100 in London ended down by 0.99% and the Dax in Frankfurt at 0.44%.

The Milan Stock Exchange lost 0.67% and 0.27% in Madrid.

Of the European indices, the FTSEurofirst 300 yielded 0.65%.

The German chancellor is sure that there will be an agreement Thursday for a new aid package to Greece. The cnacelière Merkel

German Chancellor Angela Merkel was "very confident" in "good results" at the top of the euro area on Thursday and expects to find in advance a common position Wednesday with French President Nicolas Sarkozy, said his spokesman. "France and Germany (…) must agree. If this does not happen we can not make progress in Europe. On both sides, we are confident that a common position can be released tonight "said the spokesman, Steffen Seibert, during a press conference. "The Chancellor will visit Brussels tomorrow.We are very confident to see it found a good solution that makes a difference, "he added.

Countries in the euro area are in a race against time to find an agreement to help Greece and contain the debt crisis, a decisive meeting with Sarkozy-Merkel later in the day Wednesday in Berlin , in advance of a summit of leaders of the euro zone on Thursday. Wednesday's meeting will be "a working session," said Mr. Seibert, who, as recent days, refused to detail the German positions on the modalities of a new aid to Greece on the brink of bankruptcy. One thing is certain, Berlin is always to involve private creditors of Greece in the assembly.

This remains "a critical requirement" and "highly important" for Germany, said Seibert."And we're not the only ones with this position," added the spokesman of the Ministry of Finance, Martin Kotthaus. The Netherlands or Finland support Germany in this voie.Toutefois neither Mr. nor Mr. Seibert Kotthaus have repeated the need to involve "substantial" private sector, one of the requirements laid down in originally from Berlin. "We expect the private sector," simply stated M. Kotthaus, and this so that "we will be satisfied." The involvement of banks, insurers and fund holders of debt securities Greek is a strong requirement of German MPs, who posed as a condition for approval of new aid in Athens.

These days even in the ranks of the coalition government to end the desire dominates, the need to radically and the growing irritation of the face of procrastination Merkel.Wednesday the head of the state government of Hesse, Volker Bouffier, from the ranks of the conservative party CDU Chancellor, called for "clear decisions," and called for a default part of Greece.