The fee will rise to 0.1% of the value of acquiring the shares. It must take effect in August.

Are concerned the major listed companies headquartered in France, "whatever the place of completion of the transaction."

The amount of another tax, which will focus this time on purchases of credit default swaps (CDS) sovereign "naked", will amount to 0.01% of the notional amount of the contract.

The text also plans to tax the transactions of high-frequency trading.

For the latter, the tax will amount to 0.01% of the amount of orders canceled or changed beyond a threshold may be fixed by decree. This threshold "can not be less than two-thirds of orders addressed and can be modulated depending on the size of balance sheet of the operators concerned," we read in the text.

To avoid penalizing the financing of companies and states, the obligations are not affected by these new taxes.

The government hopes these measures will yield one billion euros in a full year.

MORE EXEMPTIONS

The published document is described by BFM Business as draft article to be included in the draft amending budget presented Wednesday by the Cabinet.

Without commenting directly on this document, a source at Bercy said the bill was forwarded to the Council of State and it was not final. 

The document states that the tax on stock purchases is due on the first day of the month following the acquisition.

For 2012, the tax must be paid before November 30 for purchases made between August 1 and October 31.

Several exemptions are provided, especially for market-making activities, purchases made through a share issue, the operations performed by a clearing house or the acquisition of shares between companies within the same group.

The tax on sovereign CDS bare "applies to any purchase by an enterprise carried on in France," it reads in the text.

This tax will not be due if the taxpayer holds a long position in the debt of that State, he said. 

Again, the market-making operations are not affected.

As for the tax on high-frequency trading, it is clear that it will not affect the systems used to optimize the conditions to execute orders or to route orders to one or more trading platforms or affirm those orders.

Bouygues was competing with Vinci for this major project, to be confirmed by the signing of the PPP expected by February 2012, says in a statement.

This signature will then make public the architectural design of the book, which will be built on the ZAC Clichy-Batignolles, north of the capital, said the board of the Public Corporation of the courthouse in Paris (EPPJP ).

The project, presented as the window of a modern justice in France, was announced by Nicolas Sarkozy in April 2009 as part of his speech to the Greater Paris.

It will be completed before the end of 2016 for a 2017 start-up current, said the EPPJP.

The state and the city of Paris for a long time felt that the current courthouse in Paris, located in the Ile de la Cité in the heart of the capital, had become too dilapidated.

In addition, the premises of the High Court of Paris and the regional judicial police are now scattered over six different sites.

At a height of 160 meters, the new building will bring together on a single site all services of the Tribunal de Grande Instance of Paris and the police court.

These will begin in the evening and will begin with interviews with the presidents of the Senate and the Chamber of Deputies, Gianfranco Fini and Renato Schifano, sources said political sources.

In a brief speech following his nomination, Mario Monti said that Italy had "overcome the challenge of redemption" in a "troubled European and global context."

"The country must become a pillar of strength, not a weak link in the European Union that we were among the founders," said the former European Commissioner.

The Nikkei lost 34.31 points to 8,769.09 and the Topix, larger yielded 1.57 points (-0.21%) to 750.45.

Greek Prime Minister George Papandreou concluded an agreement with the opposition to form a coalition crisis supposed to approve the bailout of the country put together in late October in Brussels.

But in detail, both parties have provided little information on how this will unfold, including uncertainty about the identity of the future prime minister who will lead the coalition.

But if the decision of the rating agency to assess the stable outlook of the French financial risk rating to weigh on confidence vis-à-vis the currency area in the coming weeks, there is little chance that the risks associated materialize in the short term.

As for the long term, permanent mechanism for stability, which could take effect in July 2012, will shield the single currency which will have a solid capital structure and legal personality, making it impervious to turmoil on the notes of the national constituent countries.

Moody's justified its decision Monday night focusing on the risks to French growth and the potential costs of bank recapitalization and support to troubled countries in the euro area.

The news comes at the worst time when the leaders of the euro area, meeting Sunday in Brussels to agree on a strategy for Greece and their banks, already suffering from a lack of confidence from investors after almost two years of delay and 14 peaks that have failed to stem the crisis in Greece.

The risk premium associated with the French bonds jumped to a record since the inception of the euro after this warning, which now places a sword of Damocles over the Franco-German couple, the backbone of the currency area and the ultimate guarantor its stability.

Franco-German

The consequences could be felt this week and affect the contours of the European plan to reduce Greece's debt consistently, reinforcing the strength of the euro area banks by recapitalizing and maximize "the firepower of the fund to support the euro area (EFSF) by using leverage.

"The French are clearly vulnerable.It becomes difficult for them to talk on equal terms with Angela Merkel in terms of spreads (the spread between yields on French and German-Ed), "said Ludovic Subran, chief economist at Euler Hermes.

Philippe Waechter, director of economic research at Natixis Asset Management, for its part considers that the new could curb the ability of Europeans to use the EFSF to relieve the ECB in resolving the crisis.

"It's true (that announcements by Moody's) can weaken the EFSF, debts are guaranteed by France to the tune of 158 billion euros, which is significant.It could create a doubt, "he says.

As for Alex Koagne, an analyst at Natixis bank, it is estimated that the bank recapitalization component that is affected first.

"The message from Moody's equivalent to saying that France can not help its banking sector.It's a way of saying: 'If your bank should be recapitalized, they will do in the markets,' "he said.

CALENDAR

Beyond the impact on trust, risk, however, are limited in the short term.

The "multiplier" of EFSF, which could be decided on Sunday, will have no impact on the sovereign ratings of countries in the euro area and could increase the response capacity of the fund to some 2,000 billion euros in guarantees, which does not weigh on the public accounts.

The recapitalization of banks should in turn be primarily via internal reserves and facilities through the market, with limited impact on finances.

Above all, the European Stability Mechanism (MES) could start operating sooner than expected

Legal personality of international institution and its 500 billion euros in capital, which can be more easily "multiplied", will make it impervious to changes in national sovereign debt notes.

The date is now planned on 1 July 2012 but some call for further accelerate this timetable.

Moody's has on its side no plans to go as fast and was given three months to choose whether or not the French note on negative outlook, before eventually withdrawing its maximum score within two years.

Production increased by 0.2% the previous month, according to the expectations of economists polled by Reuters and after remaining unchanged in August. (Revised from an initial estimate showing an increase of 0.2% in August.)

Production in the utilities fell 1.8% last month.She fell 2.9% in August after the July heat wave that had boosted the use of air conditioners.

The rate of capacity utilization rose to 77.4% against 77.3% (revised from 77.4%) the previous month. (Reuters: 77.5%).

Japanese equity markets also fell in anticipation of the statistics of job creation in the United States, expected in fall.

The Nikkei lost 110.06 points to 8,950.74 and the Topix, broader, sold 8.50 points (1.09%) to 769.78.

The Nikkei has sold 9% in August and most market players expect a warmer month of September.The global uncertainty, however, continues to weigh on prices.

Next week, Japanese markets should evolve in the wake of those of the United States, where the tone will be given the speech that President Barack Obama will deliver on the job Thursday night.

Friday, the Tokyo Stock Exchange has responded little to the appointment of the new government formed by Prime Minister Yoshihiko Noda. The latter was chosen for the Minister of Finance Jun Azumi relatively inexperienced.

This choice suggests that Noda, outgoing Finance Minister, will continue to weigh on the country's economic policy.

Export values ​​have suffered in Tokyo. Sony fell 4.3% to 1,625 yen. Toyota and Honda respectively yielded 1.56% to 2,711 yen and 1.96% to 2,507 yen.

The European Commission gave the green light Thursday, August 11 for Spain to restrict, temporarily, the free movement of Romanian workers on the labor market. "The European Commission has authorized Spain to restrict access of Romanian workers to its labor market until 31 December 2012, due to serious disturbances in this area," the EU executive said in a statement.

The Spanish government decided in late July, to restore the requirement for Romanian citizens to apply for a work permit if they want to practice in Spain for its decision by the high unemployment in the country.Spain was strongly affected by the crisis. The unprecedented drop in GDP (-3.9% between 2008 and 2010) resulted in record levels of unemployment in the EU, over 20% since May 2010. "The continuing rise in the number of Romanian residents in Spain and high unemployment have affected the country's capacity to absorb new labor flows," said the Commission in a statement.

The European Commissioner for Social Affairs, Laszlo Andor, but stressed that the measures taken by Madrid "would be limited as much as possible in time and a positive overall attitude towards the free movement of workers would continue to predominate in Europe ". "This decision was taken because of the very specific situation faced by Spain in employment.In general, I am convinced that the restriction of free movement of European workers is not the answer to the problem of high unemployment, "said Andor. According to the Commission, more than 800,000 Romanians are currently living in Spain and are affected by an unemployment rate of 30%.

The temporary restrictions on access of Romanian nationals to apply its labor market to all sectors and regions, said the Commission. The decision does not concern Romanian citizens already active in the Spanish labor market. On the entry of Romania and Bulgaria into the EU in 2007, the Accession Treaty allows countries to limit for a maximum period of seven years the access of citizens of these countries to their labor markets .

Spain had lifted the moratorium in January 2009, however, is keeping the right to reinstate the restrictions by invoking a "safeguard clause" in case of difficulties of its labor market. Spain has invoked this clause in the letter sent to the European Commission July 28, 2011. This is the first time that the safeguard clause is invoked in the field of free movement of workers. Now, "the Romanian citizens who want to work in Spain on behalf of a company must apply for prior authorization based on the existence of an employment contract", the Spanish authorities have planned.

"We are ready," he told CNN the leading Republican minority in the Senate, Mitch McConnell, who plays a key role in these talks.

Meanwhile, a senior White House has a flat, saying that there was still no agreement.

Raising hopes of a positive outcome to the negotiations, ABC News reported Sunday that the discussion of U.S. debt have led to a tentative agreement on a framework to reduce the budget deficit.

The chain, which cites unnamed sources in the Congress, said that the debt ceiling would be raised until the elections of 2012.The plan also provides for a reduction in spending of more than 1,000 billion over 10 years and the establishment of a new panel of members of Congress, which will provide recommendations on additional measures to reduce the deficit by more than 1000 billion.

This agreement would cover a total of 3,000 billion dollars, said Mitch McConnell, voiced confidence that it would prevent the United States end up in default and raise taxes.

It also provides that the proposal won the support of a "significant percentage" of Republicans.

Democratic Senator Charles Schumer for his part said that the "enforcement mechanism" of new measures to reduce the deficit was the main subject of debates.

He added that the debt ceiling will be increased until 2012 but the Democrats continue to oppose cuts in spending on programs of Social Security, Medicare and Medicaid.

Finally, he said, spending cuts in the defense sector will also be a "scale equivalent" to non-military spending cuts.

The U.S. Treasury, which reached its debt ceiling in May, and Congress needs to borrow more, warned that if no agreement is reached after 2 August, the U.S. might not be able to fill their obligations vis-à-vis their creditors.

OBAMA RESPONSE

If Democrats and Republicans agree on the need to raise the debt ceiling, currently set at 14,300 billion, stumbled up to the discussions on the timing and terms of deficit reduction to accompany recovery.

After weeks of standoff between the two camps, the White House went out of his reserve Saturday by receiving a delegation of elected Republicans to try to break the deadlock.

Sign of an improving climate, the leader of the Democrats in the Senate, Harry Reid, announced the postponement of several hours the vote on a plan to increase debt in order to give more time for negotiators on both sides.

Originally scheduled on the night from Saturday to Sunday at 1:00 (5:00 GMT), the vote was postponed to 13:00 Sunday (1700 GMT).

Saturday, a draft submitted by the Democrats had not obtained the required majority in a vote in the House of Representatives, controlled by Republicans.

But after days back, the return of the White House at the forefront of discussions is considered a positive sign.

"Our country will not be in default for the first time in its history, it will not happen," said Mitch McConnell, calling himself "confident and optimistic" about the possibilities to arrive in time to a bipartisan agreement.

Faced with the threat of a downgrade sovereign American weigh heavily on a fragile economy, the White House is also trying to keep reassuring.

The economic adviser Gene Sperling the White House has said on Fox News that he "feared that the United States are experiencing a new recession" and urged Congress to approve an increase in the debt ceiling to to reassure the financial markets.He found that the current budget uncertainty amounted to "shooting itself in the foot" because it weighs heavily on U.S. growth.

The Republicans want to ensure that Obama is involved in discussions to have the guarantee that he will not oppose its veto on a possible negotiated settlement to Congress.

The head of the White House intervened Saturday for the second time in two days to urge members of both sides to reach an agreement and back the specter of a defect that would in his opinion "inexcusable."

"There are many ways to solve this problem," Obama said in his weekly radio address. "Congress must find common ground on a plan that both parties can agree to the House.And it must be a plan that I can sign by Tuesday. "

The new bailout of Greece decided on Thursday in Brussels will be "indirect effect" for France increased its debt by about EUR 15 billion by 2014, François Fillon said on Friday. Can be estimated at 15 billion by 2014 French commitment, "assured the prime minister, citing a" byproduct "of the agreement.He was speaking at Matignon after a meeting with key officials of the Parliament after the summit of the euro area held Thursday in Brussels.

"These decisions have no direct cost to public finances," assured the Prime Minister. "They have an indirect cost because we will participate through the guarantees provided for loans to be made by the European Stability Fund to Greece," he added. "This will have an indirect effect is an increase by 2014 our debt levels, given the inclusion of guarantees to the tune of about 15 billion euros," he chained. "It can be estimated at 15 billion by 2014 French commitment," he said later the prime minister.

He estimated that the agreement reached Thursday night marked "a step absolutely decisive in the history of the euro area", and stressed the "vital role" of the Franco-German 'key to stability in the euro area ". The aim of France to bring its deficit below 3% of gross domestic product (GDP) in 2013 "to be achieved," he also said the Prime Minister. "The commitments we made must be respected."

This objective is "imperative", he said, "is now a concern that we share with all countries in the euro area.It does not involve extra effort it requires (…) strictly adhered to the commitments that were made under the law of finance multi-year, to continue to reduce tax loopholes, to further reduce public expenditure, to continue not to replace a staff of two, to further support local communities to participate in the collective effort. "