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		<title>The price of eggs has doubled in a year in France</title>
		<link>http://atthecore.us/the-price-of-eggs-has-doubled-in-a-year-in-france/</link>
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		<pubDate>Fri, 04 May 2012 11:20:13 +0000</pubDate>
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		<description><![CDATA[ 
 Egg prices more than doubled in one year. &#34;Today, 100 eggs cotent 9.5 euros on the spot market (market day to day), Figaro tells the Christian Marinov, director of the French Confederation of poultry farming (CFA). There was a year they were worth 4.62 euros. &#34; With a peak on March 13 at 13.53 [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> Egg prices more than doubled in one year. &quot;Today, 100 eggs cotent 9.5 euros on the spot market (market day to day), Figaro tells the Christian Marinov, director of the French Confederation of poultry farming (CFA). There was a year they were worth 4.62 euros. &quot; With a peak on March 13 at 13.53 euros for 100 eggs. </p>
<p> Main cause of this sudden increase: up to standard European cages for laying hens. Brussels imposed from 1 January 2012, a minimum area of ​​750 farms in square centimeters against 550 before. &quot;The drop in production comes from the adaptation time required for farms transform their building is being finished, adds Christian Marinov. Some of the 1500 French producers have taken a little late compared to their investment plans to bring their buildings up to standard. This is the first time we have received state aid, $ 12 million over one billion euros in investment <a href="http://no-fax-fast-cash-advance.com">cash advance no fax</a><!-- . -->. But all eggs produced in France since the beginning of the year are the standards, &quot;stressed the head of the CFA. </p>
<p> Also the current shortage in France, European leader with 15 billion eggs consumed annually is it only temporary. &quot;We will return to normal by next July when the farms are all in line. Courses on the spot market should go down significantly, &quot;said Christian Marinov, recalling that&quot; the balance point is around 6 euros for 100 eggs to the producer. &quot; </p>
<p> Meanwhile processors who refused any contractual take their troubles patiently. These include manufacturers of pasta or pastry industry. &quot;For the consumer the impact is limited, an increase of about 2 to 3% on the selling price,&quot; says Christian Marinov. </p>
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		<title>Qatar now holds 3% of Total</title>
		<link>http://atthecore.us/qatar-now-holds-3-of-total/</link>
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		<pubDate>Mon, 23 Apr 2012 22:28:07 +0000</pubDate>
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		<description><![CDATA[Presidential in major cities Paris &#124; Leeds &#124; Lyons &#124; Toulouse &#124; Leeds &#124; Sheffield &#124; Liverpool &#124; Bordeaux &#124; Lille 
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			<content:encoded><![CDATA[<p>Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille </p>
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		<title>The UK does not digest the tax on &quot;meat pies&quot;</title>
		<link>http://atthecore.us/the-uk-does-not-digest-the-tax-on-meat-pies/</link>
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		<pubDate>Fri, 30 Mar 2012 09:00:08 +0000</pubDate>
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		<description><![CDATA[ 
 In Britain the meat pies, meat pies &#8211; have been at the heart of a new controversy. When presenting its budget, the government cited a 20% tax on all products made from dough and meat served hot and win. A measure supported by the vendors of fish and chips, which they already pay such [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> In Britain the meat pies, meat pies &#8211; have been at the heart of a new controversy. When presenting its budget, the government cited a 20% tax on all products made from dough and meat served hot and win. A measure supported by the vendors of fish and chips, which they already pay such VAT and enjoy little competition for bakers. But the press and political opponents of David Cameron were quick to assume that the Prime Minister was out of touch, by lowering taxes on the highest incomes from 50 to 45%, while increasing the price of food of the less favored social classes. To not pass a snob, the curator explained that he was also a &quot;pie eater&quot;, recounting his last experience in the upscale Cornwall. But Sun has investigated, and, bad luck, the store is talking about Cameron closed in 2007? Suddenly, the Labour leader Ed Miliband rushed at one of the leading meat pies, chain Greggs. He said the government has downgraded the living standards of the British by all possible means. To show that he himself is close to the people, Miliband himself to offer his team eight turnovers with meat for lunch. </p>
<p> ALSO READ: </p>
<p> &quot;David Cameron </p>
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		<title>Customers Free forgive &quot;errors of youth&quot;</title>
		<link>http://atthecore.us/customers-free-forgive-errors-of-youth/</link>
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		<pubDate>Tue, 27 Mar 2012 09:32:09 +0000</pubDate>
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		<description><![CDATA[ 
 Free Mobile customers retain a large majority, confident in their new operator. This is what spring launched a call for evidence on lefigaro.fr, which raised last week over 500 comments. 
 Two major trends. There are those for which the passage went smoothly and that no difficulty to make calls. &#34;In Grenoble, it captures [...]]]></description>
			<content:encoded><![CDATA[<p> 
<p> Free Mobile customers retain a large majority, confident in their new operator. This is what spring launched a call for evidence on lefigaro.fr, which raised last week over 500 comments. </p>
<p> Two major trends. There are those for which the passage went smoothly and that no difficulty to make calls. &quot;In Grenoble, it captures nickel without using the Orange network,&quot; says Andrei. &quot;In some places, the coverage SFR does not allow me to capture correctly and to Free, in the same places, I get the network&quot; welcomes Jules. </p>
<p> &quot;Between 17 and 20 hours, it&#39;s hell&quot;
<p> Then there are those, more numerous, who see recurrent problems call for the evening, as well as cuts. &quot;Between 17 and 20 hours, it&#39;s hell for making a call. It always fails on &quot;network busy&quot; and you have to try again twenty times to make a call, &quot;says Emily. &quot;Since March 5, the flow of Free Mobile 3G has enormously weakened and is very unstable&quot;, complete a resident of Lille. </p>
<p> Yet these customers often forgive the &quot;teething problems&quot; Free Mobile. &quot;When I chose to come to Free, I knew there would be concerns, but I trust the professionalism of Free to solve these problems quickly,&quot; says Guy, Internet subscriber for ten years at Free. &quot;At that price, I agree to some problems of network&quot;, abounds Paulo, who has spent her entire family at Free Mobile. Anthony, He remembers the difficulties encountered by the first mobile operators. &quot;I suppose we must give some time to Free to upgrade,&quot; he considers. </p>
<p> Other customers are less forgiving. &quot;I regret that I spent at Free! Customer service is saturated with calls. This is not a serious operator who was obviously not prepared enough to get into the mobile, &quot;says Vince. &quot;I just changed to B &amp; You (the low-cost brand of Bouygues Telecom, Ed). There&#39;s no commitment so, who knows, I may come back when they are at Free at the point, &quot;says Jordan. </p>
<p> ALSO READ: </p>
<p> &quot;Free Mobile aallumé its network </p>
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		<title>Barroso wants to recapitalize &quot;emergency&quot; banks</title>
		<link>http://atthecore.us/barroso-wants-to-recapitalize-emergency-banks/</link>
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		<pubDate>Wed, 12 Oct 2011 16:33:10 +0000</pubDate>
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		<description><![CDATA[ &#34;The speed of the European Union should not be that of its slowest member,&#34; hammered José Manuel Barroso on Tuesday before the European Parliament. In the aftermath of the rejection of strengthening the European Fund for assistance to indebted countries (EFSF) by the Slovak Parliament, the President of the European Commission urged member countries [...]]]></description>
			<content:encoded><![CDATA[<p> &quot;The speed of the European Union should not be that of its slowest member,&quot; hammered José Manuel Barroso on Tuesday before the European Parliament. In the aftermath of the rejection of strengthening the European Fund for assistance to indebted countries (EFSF) by the Slovak Parliament, the President of the European Commission urged member countries to continue efforts to stop the contagion of sovereign debt crisis in the area euro. Jose Manuel Barroso called for a recapitalization &quot;emergency&quot; banks as part of a &quot;roadmap&quot; gathering proposals from the Commission to support the banking sector.The latter, weakened by the debt crisis, is under pressure from the collapse of the Franco-Belgian Dexia facility. </p>
<p> Bank recapitalization should be conducted in a &quot;coordinated&quot; by members of the euro area to counter &quot;the threat of systemic crisis that is taking shape,&quot; said José Manuel Barroso. Specifically, it proposes to raise the minimum capital &quot;hard&quot; of banks, without giving precise figures. To achieve this, banks must first use of private sources of funding and, if necessary, seek the support of the national authority. If the state is not able to provide the necessary assistance to the bank, a loan will be contracted by the EFSF. </p>
<p> In the absence of recapitalization, the banks should not pay bonuses or dividends, said Jose Manuel Barroso.Their exposure to sovereign debt should be evaluated &quot;in a transparent manner <a href="http://pay-day-loans-4all.com">overnight pay day loans</a><!-- . -->.&quot; </p>
<p> The EFSF, rose to be replaced mid-2012
<p> In addition, the sixth tranche of aid to Greece must be paid, said the President of the Commission. The country should also get a second loan that would be based on &quot;sufficient funding for the participation of public and private sectors.&quot; </p>
<p> Other Commission proposals: the EFSF must be increased to &quot;maximize&quot; his strike force. This must be done through a &quot;leveraged&quot; with no financial guarantees for new states. In addition, Jose Manuel Barroso called again to accelerate the establishment of permanent mechanism should succeed the EFSF. The &quot;European Financial Stability Mechanism&quot; (MES) is projected by the President of the Commission, to take effect mid-2012, not mid-2013 as planned.With 500 billion euros of lending capacity, this mechanism would directly buy the debt of the states in the primary market, not like today only in loans. </p>
<p> Finally, José Manuel Barroso is also income, without naming them, the &quot;Eurobonds&quot;, or &quot;Eurobonds&quot;, mentioned as a solution to the debt crisis. The Commission will present by the end of the year, a proposal to allow the creation of the &quot;obligations of stability.&quot; </p>
<p> ALSO READ: </p>
<p> &quot;Europe is willing to recapitalize banks </p>
<p> &quot;Brussels pushing to recapitalize banks </p>
<p></p>
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		<title>Ghosn&#039;s efforts to regain Renault</title>
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		<pubDate>Sun, 09 Oct 2011 10:40:08 +0000</pubDate>
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		<description><![CDATA[ Came one week in Brazil to announce the expansion of the Renault plant in Curitiba (Parana State) and the creation of a site for Nissan in Resende (Rio de Janeiro), Carlos Ghosn, CEO of both companies, was welcomed as a head of state in his homeland. 
 Last Saturday, the President of the Republic, [...]]]></description>
			<content:encoded><![CDATA[<p> Came one week in Brazil to announce the expansion of the Renault plant in Curitiba (Parana State) and the creation of a site for Nissan in Resende (Rio de Janeiro), Carlos Ghosn, CEO of both companies, was welcomed as a head of state in his homeland. </p>
<p> Last Saturday, the President of the Republic, Dilma Roussef movement shifted to receive it. &quot;We are very proud of you,&quot; she would have slipped to the one she considers the child in the country. He also had dinner in an atmosphere of &quot;friendship&quot; with the two governors of states where the group operates, before signing the agreements in their luxurious palaces. Finally, it was applauded by the workers of Curitiba, massed on the lawn of a sunny site, which he wrote a speech. </p>
<p> Relaxed as ever, we feel in his element.&quot;It&#39;s good to be true that in Brazil,&quot; said the globe-trotting owner, who was about to visit this weekend to his mother and two sisters, who live on site. For him, this country is a paradise full development. Here, as in China, &quot;we prefer to see what will, while in Europe the focus is on what&#39;s wrong.&quot; </p>
<p> Yet it is this gloomy old continent &#8211; particularly in France, where he is idolized as far from Japan, China or Brazil &#8211; that he decided to spend more time, &quot;pulling consequences &quot;of the false espionage earlier this year. </p>
<p> For many, this fiasco was proof that the owner of two companies whose headquarters are located 10,000 kilometers away, was disconnected from the reality of Renault.Many employees, union representatives, but also members of the government, which accused him of favor at the expense of Renault Nissan, having sought to speed up the relocation. </p>
<p> &quot;Today I am more present in France,&quot; he says, whereas previously the Hexagon was only 35% to 40% of its schedule. Nissan is going at full speed in China or the United States, Carlos Ghosn promised then to look at the head of Renault, less efficient <a href="http://pay-day-loan-s.com">no fax pay day loans</a><!-- . -->. Japanese sales are expected to double according to him between 1999 and 2011, reaching 4.8 million units, while those of Renault have increased marginally over the period (2.6 million last year). Goal back on track in Europe, where sales of the group fell by 10.6% over the first 8 months of the year.But also boost the image of a registered design banal and lacking in high-end models. </p>
<p> One patron
<p> &quot;Pragmatic,&quot; Carlos Ghosn admits he made mistakes. &quot;I was probably too delegate and I paid the consequences,&quot; he admits. &quot;One of the problems at Renault, is that people felt that there were two bosses. There must be only one boss, and that&#39;s me, &quot;he insists. As a result, the CEO, for whom the &quot;management of Renault changed,&quot; &quot;regained control of a number of operations&quot; as the high end, human resources, communication or the ethics committee . He also concedes that the crisis has had under &quot;to clean up relations&quot; with the state (which holds 15% stake) and make the company &quot;more mature&quot;.</p>
<p> Be present at the headquarters of Renault and be first in line, that is precisely what the CEO had promised, after the reorganization of the group in late May, which had weighed heavily on the government. Paying for his handling of the &quot;case&quot;, Patrick Pelata, Renault&#39;s number two, had been set aside in favor of Carlos Tavares. </p>
<p> Mechanically, the scope of responsibility of Carlos Tavares, his number two has narrowed compared to that of his predecessor. &quot;It has fewer powers,&quot; but of &quot;autonomy in what remains,&quot; said Carlos Ghosn. </p>
<p> The question is whether the iconic CEO will honor its commitments over time. One thing is certain, it is restore the image of the diamond brand in Europe find it in France a strong credit started this winter. </p>
<p> ALSO READ: </p>
<p> &quot;Renault-Nissan reinforce Brazil </p>
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		<title>A gold coin for sale 200 euros</title>
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		<pubDate>Mon, 03 Oct 2011 06:32:21 +0000</pubDate>
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		<description><![CDATA[ She has it all in these turbulent times. The piece that sells for 200 euros on Monday, the Monnaie de Paris is solid gold. A metal sought by individuals particularly since the financial turmoil. The 50,000 copies (999 per thousand of gold) are sold on the website of the Paris Mint www.monnaiedeparis.fr at its [...]]]></description>
			<content:encoded><![CDATA[<p> She has it all in these turbulent times. The piece that sells for 200 euros on Monday, the Monnaie de Paris is solid gold. A metal sought by individuals particularly since the financial turmoil. The 50,000 copies (999 per thousand of gold) are sold on the website of the Paris Mint www.monnaiedeparis.fr at its headquarters in Paris and in 1000 post offices. </p>
<p> For collectors, it is a copy of most in the series of Euro regions (silver coins with a face containing the names of 27 French regions). &quot;This piece represents a safe investment, since it still be worth at least face value,&quot; it says to the Monnaie de Paris. An argument that has more weight than other investments are sad mine.</p>
<p> When she threw parts of the regions 10 euros in cash (one model per region), the Monnaie de Paris had found at his door in the morning thousands of individuals. And the quota available on the Internet had passed in less than a morning on a one-piece per second. Fans will do so many this time? Gold is the ultimate safe haven, but today it is no longer 10, but 200 euros to be paid to pocket a new gold coin. Verdict noon. </p>
<p> ALSO READ: </p>
<p> &quot;SPECIAL OR: race records </p>
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		<title>Air France: conflicts threaten three departures on holiday</title>
		<link>http://atthecore.us/air-france-conflicts-threaten-three-departures-on-holiday/</link>
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		<pubDate>Thu, 28 Jul 2011 17:36:10 +0000</pubDate>
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		<description><![CDATA[ While looming two weekends among the busiest in passenger of the year, Air France warned of now-already-and its passengers that they may have to be patient. If the airline has reached an agreement with the seven unions of Stewart and hostesses, thus avoiding a first strike scheduled for July 29 and August 1, she [...]]]></description>
			<content:encoded><![CDATA[<p> While looming two weekends among the busiest in passenger of the year, Air France warned of now-already-and its passengers that they may have to be patient. If the airline has reached an agreement with the seven unions of Stewart and hostesses, thus avoiding a first strike scheduled for July 29 and August 1, she still faces other threats to social movements. </p>
<p> Two pilots notice
<p> The first is the drivers. Tuesday, three minority unions &#8211; the SPAF, the Alter and R&#39;Ways &#8211; have in fact filed a strike notice for the same July 29 to August 1. As the crew before them, the drivers are protesting against the offensive &quot;anti-low cost&quot; Air France plans to launch in its databases province. The new operation is expected to result, according to the drivers, an increase in the number of hours worked and trips a day.</p>
<p> For now, this movement somewhat worried the company, which does not anticipate any disruption in traffic this particular weekend. She feared much more the second notice, filed for the weekend of August 5 to 8, by the powerful pilots&#39; union SNPL. Especially since the solutions to this conflict then escape it, since it is the government that is directly targeted. The pilots claim in fact the culmination of the reform of the Pension Fund of seafarers, which began three years ago. This morning, Labour Minister Xavier Bertrand told Europe 1 radio he was &quot;hopeful&quot; of finding a solution to the conflict. A mediator was appointed in early July to resolve this issue, which divides pilots and cabin crew.Raphael Hadas-Lebel, who assumes the function of mediator in addition to the Chairman of the Board of Retirement Guidance (NRC) &quot;shall make its findings in the coming hours,&quot; said Xavier Bertrand this morning <a href="http://payday-loans-i.com">payday loans for bad credit</a><!-- . -->. </p>
<p> The mechanics harden the tone
<p> But at the same time, the management of Air France must also manage a third conflict, less publicized than those of pilots and aircrew, but highly impacting: some 4000 engineers responsible for maintenance of 260 units of the company practice of walkouts, for seven weeks. </p>
<p> If the company minimizes the facts explaining that stoppages of one or more hours that are 50 to 100 people, the impact on traffic is nonetheless real. According to Le Parisien, Aujourd&#39;hui en France, long flights and medium-haul flights from Paris-Charles de Gaulle accuse each day delays of 15 to 20 minutes.Management also recognizes that it is obliged to postpone the launch of a two-plane in the evening to morning. Orly airport and Toulouse are also affected. </p>
<p> And before the stalled negotiations on wage demands, the engineers are threatening to get tough tonight at 22 hours. &quot;Delays are possible and we do not exclude some cancellations,&quot; said Air France AFP. Alert bulletins on traffic conditions are published to the attention of travelers on the website of the company. </p>
<p> ALSO READ: </p>
<p> &quot;Air France: third strike call </p>
<p> &quot;Threat of strike at Air France rejected </p>
<p> &quot;Air France: towards an agreement to avoid a strike in late July </p>
<p> &quot;Air France Strike: critical Cope (RTL) </p>
<p> &quot;BLOG &#8211; Strike: the false idea of ​​the member Luca </p>
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		<title>The Paris Bourse down</title>
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		<pubDate>Mon, 25 Jul 2011 09:00:27 +0000</pubDate>
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		<description><![CDATA[ Back in the red for the Paris Bourse. At the opening on Monday, the CAC 40 index drops 0.76% to 3813.50 points. Just relieved by Greece, where the leaders of the euro area have managed to agree on a rescue plan, investors are concerned about the United States. The elected representatives of the U.S. [...]]]></description>
			<content:encoded><![CDATA[<p> Back in the red for the Paris Bourse. At the opening on Monday, the CAC 40 index drops 0.76% to 3813.50 points. Just relieved by Greece, where the leaders of the euro area have managed to agree on a rescue plan, investors are concerned about the United States. The elected representatives of the U.S. Congress again tried Sunday to reach an agreement on raising the debt ceiling, but without success. </p>
<p> While the Speaker of the House John Boehner had slammed the door to negotiations with the White House on Friday night, negotiations continued behind the scenes throughout the weekend between the Democratic allies of President Barack Obama, the Senate majority and their Republican opponents, who control the House of Representatives. But John Boehner told his troops on Sunday night that no breakthrough had yet been obtained.The head of the Republican majority in the House, Eric Cantor, considered the arguments of President Barack Obama &quot;politics and indefensible.&quot; </p>
<p> The situation becomes very tense nine days of the deadline mentioned by the Treasury before a default. This morning, this concern has led to a relapse of the Asian markets. For their part, the U.S. markets, which had already ended Friday without direction, were on the downside Sunday night in electronic trading at the end of the weekend. </p>
<p> Greece is also in the news: Moody&#39;s today lowered the country&#39;s sovereign rating of &quot;Caa1&quot; from &quot;It&quot; with a development, saying the country was still facing major challenges medium-term credit. </p>
<p> Oil down
<p> On the currency side, the dollar is penalized. The euro is rising against the greenback at 1.4367 dollar.Oil is also down. In morning trading, a barrel of &quot;light sweet crude&quot; for August delivery lost 1.08 dollars to 98.79 dollars. That of Brent North Sea crude for September delivery lost 60 cents to 118.07 dollars. </p>
<p> The American situation is also the only concern when no market indicator is expected on Monday. </p>
<p> Values ​​to follow
<p> Areva: -1.83% to 24.88 euros, EDF: 0.28% to 27.24 euros </p>
<p> The new president of Areva, Luc Oursel, who succeeded Anne Lauvergeon end of June, will make his first official Monday by hosting one of its plants EDF&#39;s CEO Henri Proglio, showing the warming of relations between the two groups. EDF and Areva have signed an agreement at that time technically and commercially, prior to a more ambitious partnership signed in September <a href="http://payday-loans-application.com">low fee cash advance</a><!-- . -->.</p>
<p> Banking </p>
<p> Crédit Agricole (-1.87% to 9.25 euros), BNP Paribas (-1.75% to 47.96 euros), Societe Generale (-1.75% to 37.41 euros), Axa (-1, 60% to 14.10 euros) suffer from degradation of the note of Greece by Moody&#39;s. </p>
<p> Axa, while welcoming the agreement reached by EU leaders on Greece, the insurers of the French Federation of Insurance Companies (FFSA) said they consider positively their participation in the project initiative of private investors in As part of the options. </p>
<p> Score: -0.24% to 18.50 euros </p>
<p> The reinsurer Scor said on Monday a 22% growth in constant currencies, the treaty renewals in non-life and specialties of the 320 million of premiums up for renewal in mid-year. </p>
<p> Saint-Gobain: -0.69% to 42.18 euros </p>
<p> The group will buy the network and Brossette Build Center in Wolseley.</p>
<p> Unibail-Rodamco: 0.51% to 158.30 euros; Klépierre: -0.13% to 27.14 euros </p>
<p> HSBC has initiated coverage of Unibail-Rodamco to &quot;overweight&quot; with a target price of 175 euros and raised its recommendation on Klépierre to &quot;underweight&quot; to &quot;neutral.&quot; </p>
<p> LVMH: 0.08% to 129.35 euros </p>
<p> Consob is considering a complaint from an investment fund over the price offered to pay the French to buy the balance of Bulgari, confirmed Sunday a spokesman for the Italian stock market.</p>
<p> Total: -0.11% to 39.41 euros </p>
<p> The oil amounts to ten billion dollars (seven billion euros) of investment needed to develop the oil field north of Moho Bilondo off the coast of the Republic of Congo, said its CEO, Christophe de Margerie. </p>
<p> Valeo: -3.94% to 45.35 euros </p>
<p> The group announced Friday that its U.S. subsidiary Valeo Inc., based in Troy, Michigan, had received a request for information from the U.S. court as part of an antitrust investigation. </p>
<p> Fimalac: 0.29% to 27.90 euros </p>
<p> The group announced a sales increase of 11.9% on a comparable basis to 515.8 million euros in the first nine months of fiscal year 2010-2011.Its subsidiary, the rating agency Fitch Ratings has led to an increase of 11.7% of its turnover over the same period to 401.5 million euros. </p>
<p> After market, Seb and Klépierre publish their half year results, April Group will announce its earnings for the second quarter, Faiveley the first quarter. Mercialys and STMicroelectronics will publish their results for the second quarter. </p>
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		<title>Paris and Berlin agreed before the summit on the euro</title>
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		<pubDate>Thu, 21 Jul 2011 14:00:14 +0000</pubDate>
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		<description><![CDATA[ A first relief is visible on Thursday morning in the euro area, a few hours of the meeting of European heads of state in 13 hours, which is to lay the foundations for the rescue of Greece. Indeed, after a marathon meeting more than seven hours, which ended the night in Berlin, Nicolas Sarkozy [...]]]></description>
			<content:encoded><![CDATA[<p> A first relief is visible on Thursday morning in the euro area, a few hours of the meeting of European heads of state in 13 hours, which is to lay the foundations for the rescue of Greece. Indeed, after a marathon meeting more than seven hours, which ended the night in Berlin, Nicolas Sarkozy and Angela Merkel have agreed on a &quot;common position&quot;. The head of the European Central Bank Jean-Claude Trichet joined the French president and German Chancellor later in the evening, he joined the discussions. </p>
<p> No tax on banks in the European level
<p> Nicolas Sarkozy and Angela Merkel did not present the details of the compromise. They prefer to reserve the premiere of the content of this agreement for seventeen countries of the monetary union when they meet in Brussels. The Franco-German consensus as a basis for negotiations between the countries of the eurozone.</p>
<p> Still, the Franco-German snatched in the night is &quot;a prerequisite&quot; to a European compromise in Brussels, said this morning on France 2 Valérie Pécresse, budget minister and spokesman of the French government. &quot;We must find a way to stop international speculation and stabilize the euro area&quot;, had said his side in the evening the French Foreign Minister, Alain Juppe, in Madrid. He added: &quot;If the euro broke out, it would be a catastrophe.&quot; If not addressed on Greece &quot;the consequences will be felt throughout Europe and beyond,&quot; stated yesterday the President of the European executive, Jose Manuel Barroso, calling the situation &quot;very serious&quot;. &quot;Borrowing 30 years &quot;
<p> The plan under discussion would be based in part on a private sector contribution of 32 billion euros over three years <a href="http://payday-badcredit.com">no credit check payday loans</a><!-- . -->.It would ease the debt of Athens and would extend the term of the loans (up to thirty years), while remaining sustainable for the Greek economy. Along the lines of this project, private creditors would participate actively in the rescue of Greece, but each of these banks would remain free to choose the terms of its contribution from three possibilities. </p>
<p> Moreover, the German daily Bild reported that several leaders of major European banks will be involved in discussions. Josef Ackermann, the influential head of the first German bank Deutsche Bank, will include some of the participants in the summit, said the newspaper. </p>
<p> Diversification and increase in Fund resources Stability
<p> In addition, the amount allocated to the European financial stability, currently 440 billion euros, should be raised. Europeans could also expand its missions.The latter lend in Athens what buy its own debt in the market for a price usually mentioned by 60% of their face value. Such an option would have the advantage of reducing the debt burden of the country to enable it to regain growth and ultimately solvency. The fund could also reduce the interest rate and lengthen the maturity of its loans to Greece, flexibility Ireland and Portugal could then benefit. </p>
<p> The suspense will last a few hours, the agreement between the countries of the eurozone is expected in the evening. But now, after the meeting between France and Germany, the euro is slightly redrese 1.4254 dollars. </p>
<p> ALSO READ: </p>
<p> &quot;The vast majority of Greeks are skeptical </p>
<p> &quot;The leaders of the euro area no longer afford to make mistakes </p>
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