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.

The British, French Sodexo's main competitor, displays the full year operating income (Rex) from 1.09 billion pounds (1.26 billion euros), according to 12 analysts' forecasts a study provided by it.

Its sales rose by nearly 10%, with organic growth of over 5%.

The action Compass, which has outperformed the FTSE 100 by 10% since the beginning of the year, opened Wednesday down more than 3% before reducing its losses.

Germany was sought on all sides Friday to find a solution to the crisis of the euro which extends dangerously threatening the most stable countries in the area, with a visit by British Prime Minister in Berlin and a call from Japan to act. European shares opened lower in the wake of Wall Street the day before and the Tokyo Stock Exchange, also sharply lower at the close Friday (-1.23%). "Markets should be penalized again by fears about the contagion of the crisis of sovereign debt," analysts have estimated the Saxo Bank.Chancellor Angela Merkel refuses steadfastly calls to relax the policy of the ECB to let him play the role of lender of last resort to the Europeans the most indebted. According to many economists, this calm speculation about the debt of European countries, which are dangerously increase the cost of borrowing. But it is considered unthinkable in Germany, viscerally attached to the independence of the European Central Bank, for fear of inflation. By receiving early afternoon British Prime Minister David Cameron supports greater involvement of the ECB, Merkel should renew his calls for fiscal discipline and structural reforms in the countries affected by the crisis.

The euro area, you love it or leave it. This was essentially the message from Nicolas Sarkozy and Angela Merkel George Papandreou yesterday evening after a mini-crisis summit in Cannes. French President and German Chancellor had laid their conditions in the referendum decided by the Greek Prime Minister: consultation should not include the bailout of the euro but on the desire to remain or not in the euro area. And it should take place before Christmas.

From that moment, George Papandreou began successive setbacks leading to consider later in the day to withdraw its proposed referendum."One of the benefits for Greece out of the euro area is to default on its debt of 100%, but funding needs remain still very important," Jesus Castillo analysis, an economist at Natixis. Indeed, if it defaulted on its debt unilaterally and not coordinated with its creditors, Greece will be banned for a long time in financial markets. But the Greek public deficit, excluding debt burden, reached another 2.5% of GDP. To provide for turning the machine, the Greek state will have to reduce spending by 3 billion euros.

Moreover, the main losers of a total failure would not be French or German banks, but banks Hellenic, which hold a total of 52 billion Greek bonds, 15% of the debt. But the margin of Greek banks is very limited, if not nonexistent.

"Bringing France to a system that works", "max out of Germany" … Yesterday, in his television interview, President Nicolas Sarkozy has once again praised the German economic success and the interest that France would have to be inspired.Henrik Uterwedde, deputy director of the Franco-German Institute in Ludwigsburg, analysis for expansion. Com fascination of French politicians for our neighbors.

How to interpret the willingness yesterday by Nicolas Sarkozy to "bring together the French and German economies"?

Henrik Uterwedde: I hear the speech, I wait for the acts, because this question is asked repeatedly by French politicians. In the 1970s, already, the president Valery Giscard d'Estaing had made the statement that Germany had more resilient to oil price shocks than France, and that, therefore, be based on the German model. But it was especially for the then government to denounce the behavior of unions and to better accept the French policy of fiscal restraint.We find ourselves a bit in the same situation today: the idea of ​​convergence is exploited for domestic policy.

In terms of unemployment, growth, public finances, Germany displays much better than France. Have we still not reasons to get closer to the German model?

Yes on the thoroughness, a word too long banned in France … However, each country has its own peculiarities, and it is difficult to translate the policies of the neighbor. We can watch what is happening elsewhere, but everyone must then find its way. Just look at the weight of SMEs in the economy, which is a major difference between France and Germany. The strength of our "Mittelstand", this network of small and medium enterprises, largely explains our export performance.

The two French car manufacturers have made inventory management a priority in order to avoid ending up in case of weaker demand in the same situation in 2008 when they accumulated levels of 80 to 90 days.

Renault wants to reduce its inventory from 50 to 60 days while the PSA is 60 days of inventory at the end of the year, against 76 days in late June.

"The days not worked must not be seen as heralding a fall in demand is a classic fit two months of the end of the year," said a Reuters spokeswoman for Renault.

She cites as evidence that Douai had experienced longer closures in 2009 and 2010.

"If demand was strong, particularly in France, we would not need to reduce the activity, ask instead how we supply the plants," said one union leader of the group in diamond.

The press reported on Monday and Tuesday as work at the Renault plant in Douai (Nord), which is produced Scenic, stop from Wednesday for nearly a week, while in Sandouville (Seine-Maritime) , Flins (Yvelines) and Novo Mesto (Slovenia), the teams would make the bridge from November 1.

In contrast, sites of Maubeuge (Nord) and Batilly (Moselle), respectively, out of which the utilities Kangoo and Master, are not affected by such measures.

Unlike the real short time, the teams concerned retain their full salary, as in the automotive sector, the "days not worked" are drawn from a capital established at time of peak activity.

EUROPEAN MARKET MORE UNCERTAIN

PSA Peugeot Citroën has set up its part of short days on several sites, and up to a week of closing the plant in Aulnay-sous-Bois (Seine-Saint-Denis) is produced when the Citroen C3.

PSA also suspend production at its plant in Slovakia to the end and mid-November, a decision in this case attributed to lower orders in Europe.

"Apart from Aulnay and Trnava (Slovakia), on the other sites it comes to fine tuning," said a spokesman for SAP.

Plants Aulnay and Trnava are both specialized in small cars, the most affected by the end of scrappage. The Slovak site, the 207 reaches the end of life as her replacement, the 208 will be unveiled to the public next month.

The chief executive of the group, Philippe Varin, warned in September that the European market had become more uncertain in the climate of sovereign debt crisis.He added that if nothing appeared again in the order books, we had to prepare for more difficult times.

PSA and Renault expect a slight relapse of the French automotive market in 2011 and 2012, and an overall stable European market on each of two years. Both manufacturers will release their sales for the third quarter Wednesday and Thursday respectively.

At a meeting of European finance ministers on Saturday, the president of the new European Banking Authority (BEA) said the country under aid program accounted for 38% of the overall deficit in the European banking system capital, it was estimated at 110 billion euros, it was told Reuters.

Another source confirmed the European project to include 46 billion pledged by the European Union and the International Monetary Fund for Ireland, Greece and Portugal for their banks, part of which has already been paid in this recapitalization plan.

"All the needs of banks of all countries in assistance is taken into account," it was said.

The subject has yet to be discussed again before the EU summit scheduled for Wednesday but the markets, who want to see European banks have as much capital to withstand the current crisis could react badly to such ads.

It would also have the effect of a large share of the burden of the recapitalization of banks Spanish, Italian and French, which, according to one source, account for 45% of the capital needs identified in the EU in recent inspections.

"The problem is that when you view the numbers shock, it is believed that the money is there," said one source, referring to the reluctance of European central bankers to publicly display the goals of recapitalization."But governments have no money," says one.

At Saturday's meeting, the ministers prepared a document delivered Sunday to Heads of State and Government with options for banks to grant new state guarantees to facilitate their search for financing in markets very tight.

Among the models examined, which will complement the movement of recapitalization, one that would be to coordinate government guarantees under the auspices of the ABE, has a good chance of being approved.

"At this stage, the preferred model", it was insured.

The Greek Secretary of State at the Ministry of Finance, Ilias Plaskovitis, will meet next week the Swiss government officials to advance an agreement between the two countries on the Greek capital flight, said Friday the Minister Evangelos Venizelos. "The Greek government is negotiating with the Government of the Federation Helvetic to develop a model agreement on the Swiss-German-Swiss or helvéto so that Greece can have the tax revenues of the Greeks deposits in Swiss banks," Venizelos said in Parliament during a debate on this subject.

"Mr.Plaskovitis will meet next week in Switzerland Swiss officials on this issue, "said the minister who hopes that" this agreement is ready by the next day. "" We need the Greek parliament is ready to accept such an agreement as did Germany and the UK, "said the minister. The Greek Socialist government has launched several months in a fight against tax evasion, but without much success so far.

"In 2009, capital flight amounted to 5.4 billion euros, 4.9 billion relate only 8,667 Greeks, including 42% say less than 20,000 euros in revenues," said Mr. Venizelos. The Minister reiterated that "tax evasion was a national crime, a national disaster" and described as "Kafkaesque" procedures for fiscal control.

He pledged to publish next week the names of taxpayers who have large debts vis-à-vis the state to force them to pay. "We have identified those who need more than one million euros to the state and we have requested assistance from private companies to collect these debts in cooperation with the tax officers," the minister said adding that " 15,000 individuals and companies need 37 billion euros, of which 32 billion are due by companies. " According to experts, Greek banks suffer from a significant lack of liquidity and considerable leakage of capital, totaled 70 billion euros since 2010.

François Hollande is widely considered more credible than its rival in the primary Martine Aubry on economic issues, according to a BVA poll showed that these two socialist leaders outweigh Nicolas Sarkozy to manage the crisis.

According to this opinion poll conducted for BFMTV BFM Challenge.fr and Business, published Wednesday, before the last debate between six candidates broadcasting the primary member for Corrèze is considered much more credible than the mayor of Lille for growth economic (60% against 22% and 18% not ruling).

Ditto for the debt (59% against 23% and 18% NSQ), taxes (55% against 27% and 18% Aubry NSP) and the purchasing power (50% to him 32% to her, 18% undecided). Domination yet Mr. Holland to the fight against unemployment (48% against 34% in Aubry (18% NSP).

The latter prevails, however, by 45% against 37% (18% NSP) regarding the fight against poverty and insecurity. If a financial crisis "of the magnitude of 2008" is declared, the French are much more confidence to deal with, the two socialist leaders as outgoing president: 54% Netherlands, 39% against Sarkozy (7% DK), 50% against 42% Aubry Sarkozy (8% DK).

A huge majority, the French are "somewhat less confident" in September to face the economic situation: 82% against 17% of an opposite view. There were only 65% ​​rather less confident about a month ago.

Survey by telephone and internet on 29 and 30 September 1215 from people aged 15 and over (representative sample, quota method).