Wall Street would open slightly higher

Moody's has pushed the debt of Ireland in the category of investment "hedge" by reducing the country's rating by one notch to "Ba1" with a negative outlook, saying the country might have needed new injections money before returning to the market.

Some officials of the Federal Reserve were willing to further easing in monetary policy if the recovery was too soft to flow back as long as unemployment and inflation is slowing, according to the minutes of the last meeting of the U.S. central bank released last night.The Fed had not so far as clearly suggested that a third series of so-called quantitative easing could be considered after the end of the second round of $ 600 billion at the end of June

Good news this morning, with the growth of China's GDP reached 9.5% in the second quarter, a faster pace than expected, which supported the Asian markets this morning.

On the foreign exchange market, the euro has stabilized at 1.4061 dollars against 1.3974 dollars late Tuesday while oil drops. In morning trading, a barrel of "light sweet crude" for August delivery lost 41 cents to 97.02 dollars. That of Brent North Sea crude for delivery yielded the same 43 cents to 117.32 dollars.

On the macroeconomic front, investors will also monitor the continued publication of results of companies in the United States.Alcoa opened the ball of the ads on Monday after closing. Its earnings were revealed in below expectations, but its sales exceeded estimates and Alcoa has confirmed its forecast for demand growth in aluminum.

JPMorgan Chase will be the first major U.S. banks to issue, with results expected tomorrow, the same day as Google, which will set the tone for the technology. Investors will know very quickly if the U.S. financial sector has suffered from the decline in trading activities. These results also give a taste of the figures will be announced later by European banks.

According to Thomson Reuters data, the results of listed companies on the S & P 500 should show an average increase of 7.3% compared to second quarter 2010.But this increase could be higher if a majority of companies beat the consensus.

Wave of redemptions

Meanwhile, mergers and acquisitions continue to multiply on Wall Street.

The side of values, Electronic Arts has announced the acquisition of PopCap Games, a provider of video games for $ 1.3 billion including $ 650 million in cash, 100 million and the balance in action in the form of contingent payments by December 2013. In addition, the company should record a first quarter loss per share 0.37 to $ 0.40 against a loss of $ 0.24 per share last year.The turnover should be between 500 and 525 million against 539 million a year earlier.

Always on the side of values, UDR announced the acquisition of three housing estates for community $ 687 million and four development projects for $ 375 million.

Validus Holdings Ltd submitted a proposal for redemption Transatlantic Holdings (TRH) at a price of 55.95 dollars per share.

In addition, the Icelandic company that collects money for the site Wikileaks has sent a complaint to the European Commission against the credit card giants Visa and MasterCard for blocking since the end of 2010 donations to the site, his lawyer said Wednesday.

Also note, the U.S. court on Tuesday approved an initial payment of $ 272 million to victims of the scam of the old American financier Bernard Madoff by the liquidator of the fund, Irving Picard.

New finance minister for Greece

The name was the most anticipated of the new finance minister. This will be the former Defence Minister Evangelos Venizelos, who is also Vice-Premier, announced Friday a spokesman of the Greek government.

The new finance minister succeeds George Papaconstantinou, in office since the victory of the Greek socialist party (PASOK) in the legislative elections of October 2009. Principal architect of the austerity suffered by Greece to cover its deficits, George Papaconstantinou was in the front line of the anger expressed in the street by the Greek people. Finance aside, it remains in the government team in charge of the Environment.

Curb the social crisis and negotiate with creditors

Before arriving in the team Papandreou, Evangelos Venizelos, 54, had held many ministerial posts in previous socialist governments in the mid-1990s, including the voice of the government, Minister of Justice and Minister Development. He will now have the task of curbing the financial and social crisis in Greece and negotiate with creditors.

In Defense Venizelos is replaced by a close associate of Prime Minister Georges Papandreou, Panos Beglitis.Another relative, Stavros Lambrinidis, was appointed Foreign Affairs.

Faced with conflicting pressures of creditors of the country and the street, and the refusal of the main opposition party the right to form a national unity government, the prime minister announced Wednesday he would proceed to reshuffle and he would ask in the wake of confidence in parliament. By sacrificing his finance minister, George Papandreou shade his last card. If the new team fails to resolve the crisis, keeping its own head of government will be compromised.The question is whether this game of musical chairs will be enough to calm the anger of the street.

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Virtual operators have built a true position

On Monday, the Post Office is officially launching its own mobile phone service for individuals, known as La Poste Mobile. Launched via the SFR network, it provides another example of diversification into telecoms. The opportunity to take stock of the growing power of these operators without their own network, but both rely on niche marketing and / or community to get a place alongside the historical giants such as Orange , SFR and Bouygues.

• What is a MVNO?

The acronym stands for MVNO Mobile Virtual Network Operator. Translated by "mobile virtual operator" or "no operator's own network," he means an operator who does not have spectrum or infrastructure.Appeared in France in 2005 to deregulate the telecom sector, so these new actors use an existing network, content to buy from the incumbent operators (Orange, SFR and Bouygues) of the minutes of their telephone then sell to their customers under their own brand, and to freely set their rates. The lack of investment, extremely heavy to develop its own network, allowing them to offer more competitive rates of around 15% to 30% depending on the offers. However, funding for equipment (reimbursement of part of the phone purchased at the time of signing the Contract) is often low or even zero. Hence the overall time commitment shorter than big operators.

• Who are the main MVNO?

According to the criteria Arcep (Regulatory Authority for electronic communications and postal services), are considered only MVNO operators virtual assets is not controlled mainly by a network operator. The first, and one of the oldest among them is Virgin Mobile, which uses the Orange network and accounts for about 2 million customers after a gain of 161,000 customers in the first quarter of 2011.Other MVNOs independent, we find NRJ Mobile, Omer Mobile (Virgin Mobile, Breizh Mobile, Mobile Casino, Mobile Tele 2) Afone, Auchan Telecom, Carrefour Mobile, Coriolis Telecom … According to Arcep, MVNOs controlled by operators network are German Debitel (SFR), Mobisud (SFR), Ten (Orange) and Neuf Cegetel (SFR).

• What is their weight against incumbents?

According to the latest figures from Arcep, the market share of these operators has reached 8.4% in the first quarter of 2011, 5.294 of customers / lines, against 7.5% a quarter earlier (4.7 million customers / lines). A jump rarely observed, partly due to terminations "without charge" offered by the incumbents when the VAT hike in telecom.In the first three months of the year, Orange, SFR and Bouygues have lost about 542,000 customers, cons 566,000 SIM cards earned by virtual operators. Long, these MVNOs have struggled to take off, remaining stuck on the 5% market share. In France, the number of virtual operators is generally the average of other European countries, but their relative weight remained below the European average (13%). To observers, the weight could quickly exceed 10%.

• Why market share has it difficult to take off?

At first glance, this growth remains weak. However, "at the time of their appearance there are 4 or 5 years, we would not bet on this rate of progress," an expert analysis of the sector.For cause, "the mobile market is marked by a certain inertia, with only 25% of subscribers who switch operators each year, for, most often spend an incumbent to another."

Especially since the captive customers of Orange, SFR and Bouygues is accentuated by long periods of time commitments (usually 12 or 24 months). With growth in the number of subscribers increases by a further 3 to 4% per year, "at the end, the MVNO capture each year between 9 and 10% of gross new subscribers," concludes the analyst. "In five years they have managed to build a position not so bad, with marketing means much more limited than those of larger operators."

• MVNOs are they a threat to Orange, SFR, Bouygues?

Certainly, the presence of these players has driven prices down, in a market long remained oligopolistic.However, network operators also have an interest in the existence of MVNOs, praising them as their network, and offering some of their services (voice, customer service …) they optimize the use of their infrastructure. They can also grow rapidly in population or niche clientele where they are still very present.Some MVNOs have indeed relied on population categories (geographic, cultural, ethnic, business, etc.). By taking control of the MVNO, the incumbent attracts new customers with offers less traditional but particularly well adapted to a particular population segment.

• The licensing 4G is it good news for these operators?

The terms of the call for tenders launched May 16 by the Ministry of Industry for the licensing of fourth generation (4G) to exploit frequency at very high speed, was a priori well received by MVNOs. They consider that the division of lots allows small operators to try their luck. However, unlikely that one of them decides to enter only the dance.Eric Besson, Minister of Industry, Energy and the Digital Economy, believes that "nothing prevents the entry of a fifth mobile operator (with Orange, SFR, Bouygues and Free ). But technically and financially, the operation would be a miracle.

"The ticket to a single lot on the frequencies in the 2.6 GHz band is 150 million euros, said an analyst in Paris. Now, a new entrant can hardly afford a single lot, as it would soon be limited in terms of throughput, and therefore very little competitive. " Moreover, beyond the high price of lots, the acquisition of licenses from a new entrant assumes that subsequently develops its own network, and thus it furnishes a hand in his pocket. For example, Free, who began to build its own 3G network after obtaining his license two years ago, has estimated its capital to 1 billion euros over five years.And this just for the antennas. Unless several MVNOs together to diversify the sector with network operators, only Free seems to be able to shake the current landscape.

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Berlin expects 100,000 workers East

Workers from eight countries of Eastern Europe – except Romania and Bulgaria – are free to seek work in Germany since May 1. Fearing an influx of immigrants, Germany had delayed for two years opening its labor markets to new members of the former Soviet bloc. But with the shortage of manpower caused by the economic upturn, it now welcomes their arrival as an opportunity. To defuse criticism, Berlin has announced a tightening of controls on illegal work and increased vigilance against "dumping" wages.

The federal Department of Labor expects an influx of nearly 100,000 people per year. "Most are young, educated and mobile," the ministry said. Candidates for a job in Germany should mainly come from two neighboring countries: Poland and the Czech Republic.Faced with a shortage of engineers, computer scientists, executives, doctors, caregivers and skilled workers, especially in construction, German companies consider the arrival of these immigrants as an opportunity . But they will not be enough to fill the shortage.

Fear of unions

The Federation of German Chambers of Commerce estimated that it would bring in about 400,000 immigrants a year to compensate for the lack of manpower. German MEP, Nadja Hirsch sees open borders as an opportunity. "Germany is in dire need of skilled workers," she says, while the labor force is projected to decline by 6.5 million people by 2025. "Such a decline can be offset by better education, better integration of women into the labor market or the lengthening of working life.We need foreign workers and would have opened our borders sooner, "she laments.

In 2009, Germany and Austria were the only countries in the European Union to postpone by two years of opening their labor markets to nationals from eight former communist countries that joined in 2004 (Poland, Czech Republic Slovakia, Slovenia, Hungary, Latvia, Lithuania, Estonia).

But since the economic situation has changed. The unemployment rate in Germany (7.3%) declined further in April. The number of unemployed to fall permanently below 3 million in 2011. While they had hands to negotiate wage increases consequent industry by industry, unions are concerned that the influx of immigrants helps sustain job insecurity and wage dumping.

Berlin has announced tighter controls on illegal workers and wage dumping."We will strengthen controls particularly in the construction industry, cleaning of buildings, medical care and food," said German Minister Ursula von der Leyen. The finance minister, Wolfgang Schäuble, promises more systematic control. "The controllers of black workers are 150 additional posts this year. For 2012 and 2013, we still want to create 100 more per year, "he said.

Energy saddled banks and the Cac 40

Despite the return of large mergers and acquisitions, the CAC 40 remains in the red, while the growing concern over Portugal after ratings agency Moody's has further worsened the country score. At mid session, it loses 0.62% to 4017.94 points.

At the Stock Exchange Frankfurt, the DAX 30 lost 0.36% to 7149.51 points, for its part, the Footsie-100 from the London Stock Exchange was down 0.32% to 5997.69 points.

With the exception of the Nikkei, which lost just over 1%, most Asian stock indices move in the green. On Monday, the Dow finished at its highest closing level since early June 2008, at 12,400.03 points.

On the macroeconomic front, growth in activity in the services sector accelerated further in March to its fastest pace since last August. The services PMI rose to 60.4 against 59.7 in February. An initial estimate had been given to 60.7 on March 24.

For the euro area, this index stood at 57.2 against 56.8 in February, its highest level since August 2007. It is superior to the flash estimate of 56.9.

Also for the euro area, retail sales came out slightly down from 0.1% in February compared to the previous month after rising 0.2% in Jan.

In the U.S., the ISM index of activity in services is expected in March to 16 hours.

On the currency markets, the euro fell slightly against the dollar at 1.4181 at midday in Paris.

Oil prices retreated Tuesday morning. In morning trading, a barrel of light sweet crude for May delivery lost 0.39% to 108.05 dollars.

EDF, the biggest drop Cac 40

The values ​​of energy (EDF, GDF Suez, Total, Air Liquide) are also tracked by investors.EDF lost 3.69% to 28.45 euros, GDF Suez fell by 3.25% to 27.35 euros and Air Liquide was down 0.25% to 95.52 euros, in contrast, loses 0 Total , 20% to 43.29 euros.

The government announced the cancellation of the rising gas prices on 1 July and the study of a new pricing formula. In contrast, electricity prices will rise by 2.9% on 1 July. Matignon has also confirmed that the oil companies will be involved to curb the soaring fuel prices.

Banks battered on Tuesday after Moody's downgraded the rating of Portugal. The rating agency does not lower it again.Societe Generale loose 2.37% to 44.72 euros, BNP Paribas dropped 1.73% to 51.83 euros, Credit Agricole sells 2.73% to 11.39 euros and Natixis was down 0.96% to 4 , 01 euros.

STMicroelectronics: 2.72% to 9.02 euros

STMicroelectronics benefits of the takeover bid by Texas Instruments of National Semiconductor for $ 6.5 billion (4.6 billion euros).

Areva: 2.12% to 31.75 euros

A list of candidates shortlisted by the Supervisory Board of Areva to hold the presidency of the Executive Group was deposited on the office of Nicolas Sarkozy, according to Liberation, citing near the head of state.

L'Oreal: -1.36% to 82.77 euros

According to the daily 20 minutes, the boss of L'Oreal, Lindsay Owen-Jones would be the subject of a complaint filed by Janez Mercun, a Slovenian who had a contract with L'Oreal granting the exclusive distribution market Russia.

PSA Peugeot Citroën: 0.39% to 28.58 euros

Gefco logistics group, a subsidiary of PSA Peugeot Citroën has signed with Italian funds RP3 Venice and a contract to acquire their share of 70% stake in Gruppo Mercurio, an Italian specialist transport and distribution of vehicles .

Cap Gemini, +0.01% at 41.55 euros

Cap Gemini is expected to announce Tuesday the acquisition of two French companies, and Artesys Avantias for $ 40 million, according to Les Echos.

Havas: -1.41% to 3.85 euros

Havas announced the acquisition of the independent agency Farm Strategy, without specifying the amount of the transaction.

Technip: +0.10% to 77.10 euros

Technip awarded a contract by RWE Dea for the development of gas field Clipper South in the North Sea.

Belvedere Trading on shares was suspended on Tuesday at the request of the company after the resolution of the preservation plan of the group of wines and spirits, delivered Monday by the Tribunal de Commerce de Dijon. The stock closed Monday up 8.67% to 66.20 euros.

Crash Rio-Paris: Air France indictment

Justice accelerates. 24 hours after Airbus, Air France, which was served on Friday's indictment for "manslaughter" as part of the investigation into the disaster of 447, the flight from Rio to Paris, which has been 228 victims on 1 June 2009.

While a fourth phase of research at sea to begin next week to find the wreckage of the aircraft and its black box and determine the conditions of this mysterious disaster, Judge Sylvia Zimmerman chose not to wait.

In the current survey, the questions focus on the Pitot probes (speed measuring device) which is icing is the cause of uncoupling of the device and then it disappeared. Numerous incidents of icing were recorded before the disaster: 32 between 2003 and 2009 and five in the world for the sole Air France between May and August 2008.Legally, Air France seems solid on this issue. In fall 2008, facing an upsurge in incidents of icing, exchanges took place between the company and the manufacturer on whether to change the probes Thales AA (those that were on the AF 447) by probes Thales latest type BA. Unanswered. In February 2009, four months before the accident, wind tunnel tests were conducted by Thales probes BA. In April, Airbus sent a letter to Air France to indicate that the last generation of probes Thales (the BA) had 'behavior much better. " The company had then decided immediately replacing probes Thales AA BA probes delivered at Paris in May 2009. These were to be installed on the aircraft of the Air France fleet in June. Too late to avert catastrophe.

Maintenance services exonerated

In this area, so it is rather the responsibility of the European Aviation Safety Agency (EASA) which is engaged. Despite the incidents, it has not produced any studies on the events related to the problems of Pitot probes before the disaster. It took until late August 2009, three months after the accident, that the agency requires the replacement of all sensors Thales equipping the European fleet by American models like Goodrich.

The criminal investigation also exonerated maintenance services for Air France. Tests conducted by investigators from 80 probes taken from the Air France aircraft revealed no abnormality.

Air France does appear to have been slow to take preventive measures in the training of crews to deal with these recurring incidents: specific simulator sessions at high altitude.He indeed was not until the fall of 2009, several months after the accident for the airline organizes a training flight when information loss anemometer consecutive icing on pitot probes. This is where the company is justified in the investigation stage.

The economy will rebound after the earthquake

The destruction resulting from the earthquake and tsunami that struck Japan on Friday are still difficult to assess. Nevertheless, for many economists, which provide a parallel with the Kobe earthquake of 1995, the impact of the disaster on Japan's economic growth will in the medium term, positive rather than negative.

While the cost of the quake could amount to several tens of billions of dollars. In the short term, the destruction caused are enormous: infrastructure damaged production facilities at the stop, the areas impacted are placing great weight in the economy. If the worst-affected region, that of Tohoku, north-east coast, only 8% of Japanese GDP, that of Kanto, which houses including Tokyo, by contrast produces 40% of national wealth.

GDP contraction in first quarter

Besides stopping the oil refinery of Cosmo Oil Ichihara, east of Tokyo, the activity of the Japanese nuclear industry, which produces between 25% and 30% of national electricity production, is seriously compromised. Eleven of the fifty reactors are currently stalled, while an explosion in one of two plants in Fukushima, northern-eastern countries, has caused extensive damage and the evacuation of all population within a radius of 20 km.

"The temporary closure of production plants and oil refineries, and the interruption of power plants should have an impact on the country's production. GDP could result in decreased again slightly in the first quarter, "predicted the AFP and Wolfgang Leim, an economist at Commerzbank.

Growth boosted by reconstruction

In the medium term however, the Japanese economy could rebound strongly. Drawing a parallel with the Kobe earthquake in 1995, Takuji Okubo, senior economist at Societe Generale, said that reconstruction should generate an increase in activity, and the need for people to renew their property damaged boost consumption. The sectors of construction, steel and telecommunications sectors should benefit fully from the increased activity post earthquake.

"After the earthquake of 1995, Japan's GDP grew 1.9% in 1995 and 2.6% in 1996, while the average growth of the Japanese economy over this period was 1.5% .Consumption grew 2.2% between 1995 and 1996 against 1.1% on average between 1995 and 2004, "said Takuji Okubo.

Risk on debt

The Japanese bank Nomura, which also anticipates strong growth in the Japanese economy in the medium term, says his side as the stimulus state has played a key role in 1995 to revive the economy. "Immediately after the earthquake, the government passed an emergency budget which has contributed 0.3 points to GDP growth in the second quarter 1995 and 0.5 points in the third quarter. We anticipate a similar response from the authorities, "notes Peter Westaway, economist at Nomura.

The opposition conservative Japanese has already announced its support for extraordinary measures promised by the center-left government.A situation which should not, however, help improve the financial health of Japan, whose debt stood at 200% of GDP. The rating agency Standard and Poor's has also recently lowered the debt rating of Japan, considering that the country's budget deficit will remain high in coming years. But Moody's did its part Friday that the earthquake should not cause a subsequent breakdown of the score attributed to the Japanese debt.

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2010, annus horribilis for the job

Nicolas Sarkozy had perhaps a bit too far January 25, 2010 when he stated on live television that the French would "reduce unemployment in the weeks and months ahead." The head of the State was based on good numbers while the number of unemployed, made public two days later, in December 2009. A year later, almost to the day, it's the cold shower! The number of unemployed registered at employment center will ultimately declined only once (in October) over twelve months in both reference categories. And 2010 will be remembered as one of the worst years that France has known in unemployment, reviving levels are not achieved during the previous decade.31 December, the Hexagon were between 2.72 and 4.05 million unemployed, between 80,100 and 202,500 job seekers from a year earlier.

Data from December 2010, published yesterday by the Department of Employment, do not grow in addition to optimism about the future. With increases in the number of jobseekers registered at employment center of 27,100 in Class A and 32,600 in ABC (including the unemployed who worked more or less than 78 hours in the month), December is the final one of the most worst month of the year.

Youth and seniors

Youth and seniors are paying the heaviest price with a monthly increase of over 1%. For over 50 years, the increase over twelve months exceeds 16%, whatever the category.As the number of long duration, it continues its slow and inexorable surge: +18.1% in twelve months for the unemployed for over three years and 38.5% for those with one year of unemployment less instant payday loan. The same goes for jobs collected by employment center that fell by 3% in December (but remain stable over one year) and those who complied were down 2.5% a month (and by 2.1% in twelve months ).

As for the motives of entries to the employment center, registration for late term contract or temporary assignments end 2010 to increase by 5.8% and 2.5%, a reversal of the trend mid-year.Only good news entries after redundancy fell nearly 20% over one year.

Xavier Bertrand, the new Minister of Employment – who spent part of the afternoon on the phone with regional prefects to mobilize them – began yesterday to prepare the minds, probably ill-informed figures for December. "We always know that 2010 has not been a good year that the French were waiting for employment," he predicted, but felt that "this is the year 2011 we will be judged" . And the Minister promised in the wake of the measures "within two months" for youth employment and to remember that long-term unemployed remained a priority for the government."We can not allow people to sink slowly but inevitably exclusion," Xavier Bertrand, who has agreed plans to announce soon initiatives with the employment center to "promote the entry into training" and "monitoring individual job seekers long term. "

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Stock options: almost 100 million of gains for Bernard Arnault

In addition to being the richest man in the world, his fortune amounting to 22.7 billion euros, Bernard Arnault, boss of LMVH, holds another record. According to the financial information site, Wansquare he exercised stock options to acquire nearly 1.4 million shares of the group he has a total of 72.3 million euros.

The stock options of the world's number one luxury was performed on the basis of unit prices between 43.30 and 65.12 euros, Bernard Arnault and realizes a capital gain potential of 99.5 million euros, on the basis of the current LMVH (125.35 euros by 1:20 p.m.).

LVMH said that these actions are not intended to be sold.

European cities want to tax the tourists

Europe is the world leading tourist destination. And intends to remain so, while competition intensifies between countries. In 2009, China has stolen the UK fifth in the ranking of tourist destinations in terms of revenue. Still, three European countries remain in the Top 5: Spain with $ 53.2 billion (40.4 billion euros) in revenue, ranks second behind the U.S. (70.9 billion euros), and ahead of France (37.3 billion), Italy (30.5 billion) and China (29.7 billion), according to the World Tourism Organization.

To compete, the big European cities rely on the high end. The Twenty-Seven adopted last October a text betting on quality and competitiveness to give new impetus to the tourism sector, which represents 1.8 million businesses, 5.2% of jobs and more than 5% of GDP of the Old Continent.Resolutions very ambitious at a time when we only talk about fiscal restraint. Some cities have found a solution: impose foreign tourists.

Italy, Germany and Spain attracted

During a television broadcast Tuesday night, the Italian leader, Silvio Berlusconi, said "absolutely logical" the introduction of a tourist tax of one euro per day in Florence (Tuscany) and Venice. The latter, which welcomes about 20 million tourists a year, could soon establish a daily fee of one euro to foreign tourists, said the mayor, Giorgio Orsoni. On holiday in Rome will also be more expensive. The municipal council of the Italian capital has decided to turn to apply from 1 January 2011 a tax resident of a tourist at least one night in a hotel.A fee of 2 euros per person per night, with a maximum of ten nights.

Italy is not the first tourist area to take such measures. Last July, the president of the Barcelona Tourist Office has raised the possibility of charging a fee of one euro per tourist to offset declines in state subsidies, as the Magazine of Tourism. This device would allow Catalonia to raise 15 million to 20 million euros, according to the Tourism Office, which identified bout 6.5 million tourists in Barcelona in 2009. In Germany, the principle has been around even longer, said La Tribune. Weimar and levy a tax on tourists since 2005, while Cologne has introduced a 5% tax on hotel rooms and plans to raise up to EUR 20 million per year through this scheme.The idea of such a tax also makes his way to Berlin, where elected officials hope to replenish their coffers from 20 to 30 million euros per year, according to La Tribune.

No additional tax plan in France

In France, Secretary of State for Tourism, Frederic Lefebvre, has just announced Tuesday a plan of action on the reception of tourists. "With nearly 80 million visitors, France is the premier tourist destination, in terms of number of tourists, the ministry argues. "The reception of tourists is considered one of the points that can be improved in the French tourist." Priorities include: better inform the visitor, the best guide, facilitate access and movement. A "charter of quality of service" should be signed on 15 February.Today, the tax provisions relating to tourism in France, including the tax and the flat tax, are included in the tourism code. And for now, no draft additional tourist tax was raised, it says the department.

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