Proglio combining work and retirement

Proglio The file is still not closed. The CEO of EDF, Henri Proglio, should combine their boss salary (1.6 million euros, Ed) and a retreat from Veolia. Since March 2009, this operation is legal, no limits from more straitjacket overlapping-retirement employment.

According to Le Parisien, retirement Veolia would exceed 1 million. It would consist of retired Safely Agirc-Arrco of around 90,000 euros per year, and three retreats "houses" retaite a defined contribution pension and two hats.

These four elements can not exceed 50% of average earnings the last three years, the total amount of this pension would be between 1 million and 1.15 million, according to the daily instant payday loan .According to an actuary AG2R La Mondiale, the largest pension hat could reach 700,000 euros.

Not being an agent EDF, Henri Proglio not collect retirement hat at EDF.

Quoted in Le Parisien, Stéphane Fouks, director of Euro RSCG, responsible image of the boss of EDF, said "until now Henri Proglio had no euro.

Forecast growth in 2010 doubled in France

The government will almost "double" its growth forecast for 2010 up to now set at 0.75%, said Prime Minister Francois Fillon on Thursday. This revision of economic forecasts will rise to the occasion of the supplementary budget, said the Premier.

"In the beginning of this year's event takes off. I am announcing that we will revise upwards our growth rate during the presentation of the budget law on investment for the future, next week, "said Francois Fillon. "I think we will not be far from doubling our last official forecast, which was 0.75%. The government is coming close to economists' forecasts.Deutsche Bank expects growth of 1.5% in France this year.

"Keep strict state spending"

The Prime Minister also made a sign towards the financial community. He promised that he would present "in the coming weeks our overall strategy of leaving the zone of excessive deficit by 2013, indicating the conference organized deficit late January.

"We will continue to take strict state spending: already in 2009, these costs will ultimately be slightly below the ceiling which had been voted by Parliament," he argues."For 2010 we have also decided that the interest burden of the investment program (large loan) will be offset by an equivalent reduction in state spending."

The rating agencies have repeatedly warned Paris that he must submit a strategy of rapid reversal of deficits and debt.

The Economy Minister Christine Lagarde announced late December that France knew "a slight recovery" and that growth in the fourth quarter 2009 is expected to be slightly above the 0.3% recorded in the third.

"See also: Debt: France, no better than Spain

"Stiglitz:" The deficits are not a problem "

"2009 and 2010, years deficit

The cold and snow and disrupt the distribution industry

The snow and ice blocking roads and large parts of the French economy. Shipments delayed at stores, industrial production lagged, frozen agricultural products, sites blocked, no area is immune. The lack of salt in some areas may aggravate the situation.

• Transport

"We sold out of salt in Britain. We need between 4,000 and 5,000 tonnes, said yesterday morning the prefecture of Côtes-d'Armor. A freighter was delivered yesterday 400 hundred tons of salt in Saint-Malo. The motorway companies claim to have sufficient stocks of salt, but are not certain of being able to deliver.

The trucks – including those transporting salt – should get up to three prefectural authorities to travel in snowy areas. From his side, Eurostar has restricted the movement of Saturday's train.The main airports remained open, but traffic remains disrupted, with delays and cancellations.

• Agriculture

Agriculture is doubly affected by the weather. The cold wave disrupts production. Leeks, caught in the frozen ground, are difficult to uproot, salads, even in greenhouses, are unusable. Small consolation for the vegetable: the prices of fruits and vegetables are on the upside.

Dairy producers are also victims of bad weather, the milk collection is rendered impossible, especially in Britain. The roads are blocked by snowdrifts. Producers are forced to dump their milk.

• Building

"When temperatures are near zero, it is virtually impossible to sink a concrete" classic ", says one expert.Traditionally, sites are interrupted when temperatures become negative.

This data is taken into account when setting schedules. But this year, the duration of the episode is likely to exceed estimates.

• Distribution

Deliveries are not guaranteed, especially in Britain. For the moment, no shortage is feared, but supply problems are starting to be felt in the spokes.

Fortunately consumers are reluctant to run the stores, despite sales. Declining attendance reaches 60% depending on the charge of a Carrefour in the Toulouse region.

In contrast, the Printemps Haussmann in Paris, he sold a jacket every 7 seconds!

• Industry

Plants PSA Peugeot Citroën, Sochaux and Mulhouse have stopped production Friday night to Saturday because it was delivered in pieces. Trucks suppliers could not move. This represents a lost production of about 2,000 cars.

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Order Cancellation A 400M: EADS-cons attack

Nothing goes between EADS and South Africa. After the cancellation of an order for eight aircraft from Airbus military transport by South Africa, and the claim of 250 to 300 million euros donated by the South African state as an advance, EADS could jeopardize the partnership with industry in the country.

According to the Tribune on Thursday, the European aerospace and defense "seriously considering to terminate most commands already signed, worth about 400 million euros, in partnership with industry the country (including groups with Denel and Aerosud) and was related to the purchase agreement of the eight A400M.

According to business daily, EADS has also asked the missile manufacturer MBDA, in which it holds a 37.5%, to freeze talks with Denel.MBDA has been negotiating for two years with the South African group to take a 51% in the group.

The difficulties accumulate for EADS while Malaysia Airlines (MAS) announced on Thursday that Airbus had an eight-month delay in delivery of first A380 in a series of six that she had ordered. The company now take delivery of its first A380 in August instead of January 2011. Information which has been confirmed by a spokesman for Airbus. In early November, before the "cost escalation" of the order, South Africa had canceled his order. A new blow for the European group whose competitiveness is already weakened by the weak dollar, which is delayed by at least three years from its original delivery schedule.

At the Paris Bourse, EADS shares fell 2.5% Thursday. The day before the title had already declined by 3.8% and again from 2.09% Tuesday.In case the postponement to 2013 of delivery of 54 Airbus aircraft, commanded by U.S. Airways a big Airbus customer. In the process, Natixis Securities has lowered its price target to 10.50 euros against 13 euros, while remaining "ease" of value.

Proglio will upset the French nuclear

Henri Proglio has been elected head of EDF in order to make up the numbers. In an interview with the newspaper Les Echos published on Wednesday, the current boss of Veolia Environment is the message. Wishing neither more nor less EDF restore its historical role as leader of the French nuclear Henri Proglio calls into question the particular model implemented in the early 2000s with the creation of Areva, even before taking official functions to be held November 25.

"My ambition is to have a French nuclear industry works" says the outset this graduate of HEC. "This means rethinking the whole sector, particularly the roles of Areva and the CEA (the public pole of Nuclear Research)," he adds.

Henri Proglio has expressed disappointment and delays now being experienced in both projects Areva EPR (Finland) and EDF (at Flamanville).The same applies to the management of the bidding in Abu Dhabi for the construction of nuclear plants: the offer of the French consortium (composed of Areva, GDF Suez and Total) illustrate in his lack of consistency and efficiency of the French nuclear industry.

For an opening capital of Framatome

Having undertaken a review to say the least contrast of French nuclear Henri Proglio considering including the opening of the capital of Framatome, a subsidiary of Areva reactors and the role that EDF could take if this were to be conducted. "Sounds of having a Framatome strong, backed by other French and foreign," says he.Regarding the merger of Framatome and Cogema conducted in 2001 by Anne Lauvergeon to create Areva, the future boss of EDF is going to think it was "probably a mistake."

This vision of the French nuclear industry will probably not suit the current boss of Areva. Anne Lauvergeon has indeed developed a strategy to integrate activities of his group, which would be totally undermined by a detachment of its subsidiary Areva NP (formerly Framatome).

Among the dissatisfied, we may also find Gérard Mestrallet, CEO of GDF Suez, which might not enjoy the hegemonic intentions of EDF on the French nuclear. The two groups may well refer to Henri Proglio fundamentals, namely improving the rate of use of nuclear power plants at present very weak.The announcement yesterday by RTE EDF could not provide enough power in October they will no doubt arguments.

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