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According to a survey, less than a third of French say they are willing to buy the French public debt. And you, would you be willing to lend to the state? Do you have confidence in his ability to repay? It goes from 8.86 to 9 euros gross time to reach 1,365 euros for 35 hours, or about 1,073 euros net per month.
Less than a third of French say they probably or definitely willing to buy the French public debt if they were given the opportunity, according to a Harris poll for the site information and the agency Jolpress Image & Strategy to be published Tuesday in the Tribune . Only 6% of French people would buy "certainly" the debt of the country at rates comparable to those charged by banks, and 24% would buy "probably" of such bonds, said the survey.
Conversely, 65% of French people would not buy "definitely not" (34%) or "probably not" (31%) of French debt. Two countries, Italy and Belgium have recently suggested to individuals to buy government bonds, and these operations have been successful. The "day Treasury bills", during which the Italians were called Monday to buy the debt of the country, met a great success, while in Belgium, the government launched Thursday a government bond which has was well received by individuals.
In addition, a majority (56%) of the French believed that the acquisition by the European Central Bank (ECB), a significant portion of the debts of the states of the euro area would reduce speculation in debt. But 56% believe that it would deter states to make real efforts to reduce their deficits and 53% that it could foster inflation.
Unemployment up off again in September
Unemployment in France is left up in September after a slight decline in August, show statistics released Wednesday by the Ministry of Labour and job center.
The number of job seekers in category A (those who exercised any activities during the month) in France rose by 26,000 (+0.9%) last month to $ 2,780,500.
In one year, the number of unemployed in category A growing by 3%.
By adding the persons engaged in small (B and C), the number of job applicants sign an increase of 0.7%, or 27,600 more people in one month, to $ 4,175,800.On an annual basis, the increase for these three categories falls to 4.5%.
September was especially unfavorable for 50 years and older, an age in which the number of unemployed in category increased 2.1% over the month and 14.3% year on year.
It was also detrimental to the age of 25, since in that category, the number of unemployed increased by 0.6%. On a year, however, declined 2%.
S & P lowers rating of ten Spanish banks
Standard & Poor's Tuesday lowered a notch credit rating of ten Spanish banks, including the two main countries, highlighting the darkening economic prospects and a housing market still depressed.
The prospect of all banks rated by the agency is now negative, which means that further declines are possible notes.
Among the downgraded banks Santander and BBVA are the main institutions of the country.
For Banco Santander, the rating drops to AA-, against AA with a negative outlook. Similarly, for Banco Bilbao Vizcaya Argentaria, the note back from AA to AA-.The new perspective is also negative.
S & P also revised the rating outlook of four banks, reducing it from stable to negative, and placed the bank under review with negative implications.
Greece rules out new austerity measures
Athens does not need to take further austerity measures "provided that the measures already announced apply," said the Greek Minister of Finance Evangelos Venizelos. Greek Finance Minister Evangelos Venizelos
Greece does not need to take "further steps" rigor, "provided that the measures already announced apply," said Tuesday the Greek Minister of Finance after the meeting of the euro area in Luxembourg that asked for additional savings in the country. "New measures are not necessary provided that the measures already announced are applicable," Venizelos said in a press conference on his return from the meeting.
"The steps already taken were considered impressive and they have changed the climate," he added.The euro area called Monday night to further economies of Greece and further privatizations expected to fill the holes in its budget for the years 2013 and 2014 and postponed to early November a decision on the payment of a loan critical to the country originally due on October 13.
"We call on Greece to take additional measures" in terms of savings for 2013 and 2014, thus going beyond those that have just been announced for this year and next, said the head of Luxembourg leading finance ministers of the euro zone, Jean-Claude Juncker, at the end of the meeting of the Eurogroup.Locally, according to Greek media, the troika of donor country (European Union, European Central Bank and International Monetary Fund) currently conducting an audit in Athens on the Greek accounts, called on Monday the Minister of Employment to revise the collective agreements in the private sector to lower the minimum wage, currently set at 750 euros.
Net state television reported Monday night that even the Greek Prime Minister George Papandreou, would have opposed that request. "We support the workers and we protect it in accordance with collective agreements (…), we will not turn into India," he would have said, quoted by the Net.
Nearly 200 protesters Front communist union Pame occupied the Minister of Employment in Athens on Tuesday morning to protest against this new application of the troika which "threatens the rights and gains of workers," according to a statement from the Pame.
Are we really rich with 6000 euros per month?
For the French, a person is rich if its income reached 6,308 euros per month. This is six times less than the threshold set by the government for the implementation of the future tax on the rich.
What a rich? As defined by the Oxford, Cambridge, is a person who has "a relatively large amount of money." The French have a much more accurate definition of wealth. For them, on average, a person may be considered "rich" when its income reached 6,308 euros per month, according to a poll published in the Journal Ifop Sunday. Two-thirds (66%) of respondents, a person is rich when it gains between 2000 and 5000 euros per month.
These figures are the wealth to 5 or 6 times the monthly poverty threshold (954 euros net per month).They are mostly in line with the scale of income tax: the marginal tax rate (the top rate of income set at 41%) apply from 70 830 euros per year, or 5900 euros monthly.
This perception of wealth of the French is in any case far from the government. Tax the rich announced in late August by the Government to fight against the deficit, a key measure of the budget in 2012, provides for taxing income at 3% tax above 500,000 euros per unit per year, or 41,666 euros per month. Parliamentarians should, however, as part of the budget vote in the Assembly in October and November in the Senate, lowering the threshold to 250,000 euros or 20,833 euros per month.
In the first case, the tax affects 10,000 homes. In the second, 25 000 households.Which corresponds to only 0.01% of the French richest, according to Insee, while 10% receive an average income of around 6000 euros per month threshold at which the French are wealth.
Stability of producer prices in August
The producer prices of French industry in the domestic market increased by 0.5% in July before stabilizing in August, show figures released Friday by INSEE.
These figures are consistent with the consensus estimate of economists polled by Reuters.
In one year, the index of producer prices on the French market shows an increase of 6.3%.
Prices of petroleum products fell 2.2% in August after a 3.5% increase in July, Insee said.
The food prices have remained stable in August as in July.
"In August, prices of electrical, electronic and software grew by 0.6%, including the prices of components and circuit boards (1.0%), driven by commodity prices," says INSEE .
Prices of industrial products for foreign markets, unchanged in July, fell 0.3% in August.
For all markets, prices of industry production was down 0.1% in August after 0.3% the previous month.
The Greek Minister of Finance suggests a vicious cycle
Austerity measures are necessary to Greece to escape the vicious circle imposed on its economy and its debt and turn it into a virtuous circle, said Tuesday the Greek finance minister, Evangelos Venizelos.
The latter also found that the initial objectives of the European Union (EU) and the International Monetary Fund (IMF) to restore the Greek public finances were too ambitious.
He said the European agreement of 21 July on a new plan of aid to Greece was a Bible for the government of George Papandreou.
A delegation of the EU, the IMF and the European Central Bank (ECB) will return this week in Athens and Greece will receive next month a new tranche of eight billion euros to avoid bankruptcy, said Minister of Finance.
The Prime Minister will address this "troika" of the written assurances it requires on the austerity measures proposed by the government, said Evangelos Venizelos. Finance ministers of the euro zone will review these proposals and will then be unlocked using, he said.
"The release of funds will take place and will be held on time," he said.
More women work, they are more children
Contrary to popular belief, fertility is higher in countries where the participation rate of women is high. When the wife works, the household can more easily provide the extra cost to the arrival of a child.
Contrary to popular belief, most women work, more fertility is high, say demographers at the National Institute of Demographic Studies (INED) in a study published Thursday. "Fertility [the number of children per woman of childbearing age, note] has decreased significantly in all OECD countries between 1960 and 2008 to be below the replacement level of generations of 2.1 children per woman, "the researchers write in their investigation of the relationship between births and economic progress in rich countries.
However, "there is decreased until after 1995, fertility has been slightly increased back in a majority of countries," they said."In all OECD countries, it rose by an average of 1.69 children [by women] in 1995 to 1.71 in 2008," a "rebound particularly marked in Spain, France, Belgium, United Kingdom and Ireland. "
Additional revenue needed for the arrival of a child
The researchers first examined the relationship between fertility and wealth, and observed "an increase in fertility when the level of economic progress, from a per capita GDP of about $ 30,000." But the link does not work for all countries, Scandinavia and Anglo-Saxon, and of France with such "a much higher fertility than expected given their GDP.""Differences in GDP per capita does not suffice to explain differences in fertility of one country to another," conclude the demographers.
By cons, "in most of the richest countries, the rise in fertility is associated with a high employment rate among women," they said.In particular, "the possibility for them to balance work and family is seen as a key rebound in fertility." Thus, if "the relatively early stages of development" of a country, women can postpone childbearing because they are more and more studies, thereby lowering fertility, "At some point, if the woman works, the additional income it brings to the household secures its economic situation and makes the extra cost to the arrival of an additional child support ", says the study, which also refers to" any help provided by the state s' there is a family policy. "
Increase in the morale of U.S. households
The index of U.S. consumer sentiment rose in September but the Americans have no faith in the future, the sub-index measuring expectations being at their lowest since 1980.
Index Thomson Reuters / University of Michigan on Friday stood at 57.8 (provisional figure) in September against 55.7 in August. The index in August was the lowest since November 2008. The consensus of economists polled by Reuters gave 56.5.
The expectations sub-index fell to 47.0 against 47.4, the lowest since May 1980.The outlook 12 months decreased to 38 against 40, the lowest since February 2009.
The sub-index of current conditions rose to 74.5 against 68.7 (consensus 68.0).
The sub-index of inflation expectations one year falls to 3.7% against 3.5% and at 5 to 10 years at 3.0% against 2.9%.
German banks not affected by the crisis of the euro
The rating agency Fitch sees no reason to lower notes of the major German banks, while the sovereign debt crisis in the euro area is growing, said Thursday in a Reuters analyst at Fitch.
"German banks have improved the quantity and quality of their capital positions since the beginning of the financial crisis," said Michael Dawson-Kropf, chief analyst at Fitch German banks.
"The crisis of sovereign debt in the eurozone has so far had no impact on the capital positions of the major German banks," said Michael Dawson-Kropf, in a written reply to questions from Reuters.
There is also no sign of contraction of liquidity in the big German banks such as Deutsche Bank and Commerzbank, he added.
The outlook for German banks results look good this year but a negative trend in financial markets and the outlook darkened for the German economy may restrict the results of 2012, said the analyst.
An extension of the crisis of sovereign debt in the euro area could have serious consequences for German banks, announced Wednesday the rating agency Standard & Poor's (S & P).
Moody's downgraded Wednesday Societe Generale and Credit Agricole up a notch, and extended monitoring of BNP Paribas, adding that any downgrading of the rating on BNP would probably also limited to one notch.
The market seems to focus attention on the exposure of German banks to lower Greece's debt, compared to its French counterparts, said Michael Dawson-Kropf.
Fitch has no large German bank under review with negative implications as a result of the debt crisis in the euro area, he further said.