Sharp rise in occupational diseases in 2009

The business risk insurance professionals has released its report for the year 2009. The number of accidents has decreased by 7.5% over the previous year, with 651,000 accidents reported. The frequency of accidents fell to 36 accidents per thousand employees, is historically the lowest level. The daily Les Echos who interviewed Stephane Seiller the director of this branch of the health insurance crisis is largely responsible for this decline in the number of accidents. Unemployment and decreased activity in sectors such as construction and metallurgy – 20% of salaried workforce today against 36% in 1950 – explains in particular the improvement. Stéphane Seiller also highlights the increasing prevention efforts.

Bond 9% of occupational diseases

The report is rather more pessimistic about the illness.Despite rising unemployment, they jumped 9% -13.5% a year over the last decade – to reach 50,000 new cases. Almost all of this increase is explained by taking better account of musculoskeletal disorders (MSDs) such as tendonitis and herniated discs … which account for 80% of disease. Better recognition by the French system, but also the consequence of the transformation of labor. The tasks become more routine and stress are the main contributors to the increase in these disorders. The handling of chemicals also cause the progression of certain cancers.Social Security today conducting actions to better detect them.

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The Paris Bourse is limping along

After a pause Wednesday after six consecutive sessions of gains, the CAC 40 has clearly accused the coup on Thursday. The benchmark index of the Paris Stock Exchange lost 1.41% to close at 3 581.82 points. In London, the Footsie loose 0.88% to 5 207.50 points. The German Dax was down 1.10% to 6 141.52 points.

After dégradaton U.S. growth prospects announced by the Fed and the slowdown in Chinese growth in the second quarter, mixed economic indicators from the United States have significantly penalized equity markets in France.

Indicators mixed U.S.

The jobless claims fell to their lowest level since August 2008, during the week ended July 10.

The producer prices fell in June for the second case consecutive month according to figures published by the Department of Labor.After adjustment for seasonal variations, prices for finished goods charged by producers fell 0.5% from the previous month, having already fallen by 0.3% in May and 0.1% in April. Analysts had expected a decline, but much less marked (0.1%).

Finally, industrial production in the United States in June posted its twelfth consecutive month of rise, increasing by 0.1% according to figures released Thursday by the U.S. central bank.

The Federal Reserve has revised the outlook for U.S. growth to decline and now expects growth of between 3% and 3.5% this year, against a range of 3.2% to 3.7% in a previous estimate. The decline in unemployment should also be slower than expected. Further support measures are also envisaged.

Another new arrival is somewhat reassuring to China this morning.The country has announced that the GDP growth amounted to 10.3% from April to June, a slowdown from the first quarter (+11.9%) and the last three months of 2009 (10 , 7%) fast payday loan no faxing.

Several publications in the program

As for results announcements, trucks U.S. could also evolve global ratings: JP Morgan Chase, Google and AMD will lift the veil on their performance in the second quarter.

In Paris, many companies also publish their sales figures this Thursday. This is the case of Carrefour (second quarter), Seb (first quarter), Pierre et Vacances (second quarter), or Stallergenes (second quarter).

The bank suffered

The bad macroeconomic news weigh on the banking sector.This document draws down: Dexia was the biggest drop of ACC (-2.28%). BNP Paribas is also in the red (-2.10%), as Societe Generale (-1.42 %) and Credit Agricole (-1.54%).

The automotive sector resists. The Association of European Automobile Manufacturers (ACEA) has announced a 6.9% decline in registrations in June to 1.34 million units sold last month. Advance Peugeot and Renault gleaning 0.39% 0.03% to 34.78 euros. From his side wins Michelin 0.59%.

Moreover, Metabolic Explorer (-3.82% to 5.29 euro) company specializing in production processes by organic industrial chemicals, announced on Thursday before market sales nil.The group reiterated its goal of placing on the market the first products of technology METEX in 2012.

Eurofin explains on its website on Thursday it recorded a strong improvement in its operating performance and profitability in the second quarter. The group will not give more detail before the publication of its results on August 30 next. Titles leap of 12.92% to 37.49 euros.

Chérèque clash between Vif and Parisot

Francis and Laurence Parisot Chérèque have severely clashed on Friday during a panel discussion on the emergence of a new social dialogue organized by the Journalists Association of Social Information (AJIS).

The secretary general of the CFDT has accused the president of MEDEF lying to parliamentarians to amend the bill on social dialogue in very small enterprises (VSE) discussed in the Senate next Tuesday and early July at the Assembly ( see our editions of June 3).

"The lobbying done by the MEDEF and CGPME is based on a lie, accused Francis Chérèque: to convince business leaders that will elect staff representatives who will return to the TPE.This is even more intolerable than the MEDEF and CGPME never demonstrated that they are representative of the owners of very small unlike the UPA, and the FNSEA UNAPL who support the bill. "

The secretary general of the CFDT appreciate even less the attitude of the President of the MEDEF Laurence Parisot text and Jean-Francois Roubaud trying to torpedo – CGPME has launched a petition calling for its withdrawal – is based on a Common Position, signed in April 2008 by the CFDT and CGT … with both employers' organizations. "I was tolerant enough," said Francois Chérèque has therefore asked Eric Woerth, sitting two feet away from him, "a law on the employer's representative.

No response Woerth

Piqued, the president of MEDEF has reaffirmed its opposition to the text of the Minister of Labour, which aims to give the four million employees of small opportunity to elect representatives to the territorial commissions optional that parliamentarians now want to limit nationally. "Business owners only want one thing: they are allowed to concentrate on developing their business and they do not impose new constraints," replied the boss of bosses, ready to enter question "once the crisis is over" and the reform of trade union representation buckled.

The President of the MEDEF also recalled that his movement was committed at the common position on trade union representation in April 2008, refer to "a group work, nothing more," the audience measurement and association development of social dialogue in the TPE.

As for the sensitive issue of the representativeness of employers, Laurence Parisot has once again "open debate" but said it would be "difficult to reproduce the mechanism of the election" which applies to trade unions to appoint company representatives. Eric Woerth has not decided. "The minister wants to take time to form his own opinion," says his entourage.

Breton: "France will be the first issuer of debt in euros in 2013

Asked by the business daily La Tribune published on Thursday, former Minister of Economy and Finance and current CEO of Atos Origin, Thierry Breton, calls for strong commitments to reduce the debt of Latin Europe and in particular France. During the next decade, these countries will face the "telescoping" of two costs: the repayment of past debt (previously issued securities that expire) and new financing budget deficits.

The capacity of countries in southern Europe to repay their debts does not inspire much confidence in the markets as Germany, currently the largest emitter of debt of the eurozone. Inherited from the reunification, the German debt represents 73% of gross domestic product (GDP) and is expected to gradually reduce in the coming years.Moreover, investors do not doubt the capacity of fiscal consolidation in Berlin, unlike those of other European countries.

"The constitutional constraint is my preference"

Thierry Breton, the euro zone countries must commit to restoring the balance of their accounts under the rhythm of each country by the year 2016-2025. For France, whose debt issues should dethrone those of Germany in 2013, "the goal would fall to 2020, according to former Minister of Economy bad credit pay day loans.

The French debt represented 77.6% of last year's GDP and the country's public deficit amounted to 7.5% of GDP, well above the Maastricht criteria (respectively 60% and 3%), Thierry Breton now considers inappropriate: the true test of Evalution countries should address, according to him, the annual estimate of their "actual financing needs" and "solvency".

To avoid both the severity and growth deficits and uncontrolled debt, Thierry Breton called for "firm commitments": "If the constitutional constraint has my preference is first because it is collective freedom and national consensus. "

It also explains limited to enshrine a deficit in the marble of the Constitution would be the most reassuring to financial markets, "an absolute guarantee in the eyes of those who buy our debt."He concluded that "such a guarantee is the remedy, the real, against speculation."

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Rescue of the euro: Berlin reservation assistance

Pushed to its limits by the political support to Greece and the massive plan to stabilize the euro, Germany resumed its offensive. It determines, for each country, the outbreak of the plan of 750 billion euros to express a green light of the Bundestag. Berlin is also up to the load on its proposal to amend the EU treaties in order to punish, to the exclusion, the capitals recalcitrant to fiscal discipline.

Angela Merkel defended Tuesday stiffening. "The euro area can only work if we adopt a culture of stability, which means solid finances. (…) For Germany this culture of stability and strength is not negotiable, "Merkel said in an interview given to farm rather several European newspapers.

The sixteen finance ministers of the Eurogroup, and twenty-seven of the EU had the premiere at a double appointment in Brussels.Combative despite a weakened health, the German finance minister, Wolfgang Schauble, surprised his colleagues by questioning the principles they believed acquired for more than a week. Only the Belgian Minister Didier Reynders, ventured to publicly criticize the incoherence of speech come from Berlin.

Debate Lagarde Schauble

Jean-Claude Juncker, the Eurogroup chairman, acknowledged Tuesday that it had to mobilize "patience" during the debate behind closed doors, among others to intercede in the middle of the night between Wolfgang Schauble and Christine Lagarde. Ultimately, the Sixteen were separated without text or definitive agreement on the implementation of the 750 billion the new "European Stability Facility (ESF).Appointment was made on Friday in Brussels, officially in order to tie 'details practices and legal issues " payday loan lenders.

It is still the control exercised by the Federal Parliament is the heart of the debate. At the launch of the ESF, nine days ago, Germany's partners – including France – have understood that the Bundestag would have something to say once, to vote en bloc from the German plan for stabilizing euro. To the astonishment of his colleagues, Wolfgang Schauble has just announced that German MPs intend to vote each time a country in trouble will come from ticket sales, or for each disbursement."The game is not over," says a German source.

In practice, Berlin wants to have a veto at every stage of the process and content of any austerity plan submitted by a country strangled by debt. In the letter, Germany does not come back on his word. The ESF is European in name only, it is in fact an intergovernmental body to sixteen, with a headquarters in Luxembourg and a board of directors. By law, each country is free to make decisions according to the political career of his choice. "For Germany, this procedure should be a German," the source added.

The debate on financial reform will begin

The Republican senators voted to open discussions with the chamber after blocking the debate for three consecutive days. Financial reform desired by the U.S. President Barack Obama and intended to prevent another financial crisis, would be the most important sector since the Great Depression. The Democrats want more regulations on stock markets and restrictions on derivatives, widely criticized for the crisis. The tougher regulatory worries Republicans.

Barack Obama gave a speech yesterday in Illinois calling for implementation of the reform loan cash advance no fax.The discussion should begin today and could last at least two weeks.

Symbolic of this financial speculators, Goldman Sachs is seeking a way out of his side after his questioning by U.S. regulators. The investment bank is in talks with one of his clients to agree on compensation due to losses on receivables-backed debt, in the heart of the controversy is the establishment.

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The recovery is gaining ground, according to the G20

Dominique Strauss-Kahn warned: he wants more consistency in regulation. The G20 works there. This Friday in Washington, he has been more talk of economic opportunities.Meeting to discuss the taxation and regulation of finance, the finance ministers of the G20 in effect Friday reaffirmed their goal of balanced growth, and pledged to develop an exit strategy for each "credible" in a joint statement issued after a meeting in Washington.

"We, the Finance Ministers and Central Bank Governors of the G20, we met in Washington to ensure global economic recovery and the transition to a sustainable high growth and balanced", said the participants in this document.

According to the G20, some countries must be persuaded to continue their policy stimulus, but all must design their plans output exceptional political support to the economy.

Tax on banks: no agreement

"We all need to develop exit strategies credible measures of macroeconomic and financial support that are tailored to individual circumstances and each country taking into account the consequences on others," said the G20.

On the issue of taxation on banks, no agreement has yet been found, according to the ministra candaien low interest rate personal loans.The leaders of the G20 Finance (Finance ministers and central bankers of the twenty richest countries in the world, Ed) are satisfied for the time to ask the IMF to continue its work on financial sector taxation.

"We urge the IMF to continue working on options to ensure that financial institutions in each country bear the brunt of any extraordinary intervention of the States where they were necessary to tackle the problem of excessive risk-taking and help to promote fair competition, "said the G20.

As revealed an official of the G20, no explicit reference to the proposal to introduce a tax on banks is made.No more than the Chinese currency that several countries, starting with the United States, consider devalued.

Parallel to this meeting, the U.S. Treasury Department, speaking through his secretary, has lowered the cost of the rescue of banks to 87 billion, or about 0.6% of U.S. GDP. In 2009, the Treasury had anticipated a cost of rescue finance to … 500 billion, or 3.5% of GDP.

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Greek debt riskier than ever

More bad news for Greece, amid soaring interest rates. The rating agency Fitch Ratings downgraded Friday by two notches note long-term debt Greek, from BBB + to BBB-. The new note carries a negative outlook.

"The lowering of the rating reflects the intensification of fiscal challenge, caused by poor economic forecasts and a higher cost of debt," Fitch justified. Interest rates on debt Greek surged beyond the 7.5% Thursday in a volatile market but very few shares traded flexcheck cash advance. The markets are testing the limits of patience of the Greek government and wants to know he will decide to use the European rescue plan.

The increasing volatility on the Greek government bond market also forces many investors to withdraw.

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The Paris Bourse at the highest end of the year

The CAC 40 gained 0.49% to finish at 4053.94 points, its highest level since the beginning of the year. Frankfurt has won 0,27% 0,62% and London.

After four days of Easter break, European markets greeted the resumption of job creation in the United States, announced last Friday as well as good numbers of activity in services and real estate published in recent days.

U.S. markets plying highs not seen since late 2008, however, regained their breath. The day before, while Wall Street took note of good statistics published during the week end, the Dow Jones closed up 0.43% and the Nasdaq had allotted 1.12%.

After this beautiful hike, investors preferred to play the card of caution before publication in the night "minutes" of the Fed.A document that transcribes the discussions that took place at the last meeting of the Monetary Policy Committee of the Fed and many analysts imagine animated. Although directed at the opening, the Paris market has reduced its earnings in mid-session, affected by Wall Street and by new concerns about Greece which weighed on the euro.

Raw materials and surging oil

On most major world stock markets, the values related to raw materials and light winds were driving the increase. The latest U.S. statistics have dramatically raised prices. The barrel is trading around 86 dollars in New York, on the summits of 18 months!

In Paris the title of the mining company ArcelorMittal has spent virtually all sitting at the head of the CAC 40 with a gain of nearly 4%, followed closely by oil services Technip and Vallourec disputed second on the podium.On the deferred settlement (SRD), Eramet jumped more than 7%. The title was borne by a positive note, analysts at Exane BNP Paribas, which have raised their price target to 260 euros against 175 previously.

The gas bill increase by 10%

The recall should not rejoice homes. As announced a week ago, the gas bill will swell from this Thursday. The rate-regulated natural gas will increase by about 10%. A decision had already been endorsed by the Regulatory Commission of Energy (CRE) on the proposal of GDF Suez.

Specifically, for households using gas for cooking, the bill will increase by an average of 12 euros every year (including VAT). Those who use them also for their hot water will have a note saltier than 25 euros on average per annum inclusive. Finally, the largest increase, from 85 euros in the year, will be felt for consumers who use gas for cooking, hot water and heating.

First increase in two years

This rate increase is the first since August 2008 online payday loans.It is also the highest since November 2005. Hence the fierce opposition of consumer groups, trade unions and the opposition, which have increased sharply denounced as "outrageous" and "unjustified" in times of crisis.

"This announcement seems so surreal that you might expect to a joke," joked the Consumers' Association CLCV, for whom the increase "seriously undermines the purchasing power of consumers."

In turn, GDF Suez said that natural gas "remains the most competitive energy for heating.

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