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Rates Banking: France in the average - September 7, 2010

The cost of the banking relationship varies greatly from country to country in Europe, but there are reasons for this. That is the conclusion of the study in seven European countries by Bain & Company at the request of the French Banking Federation. Customers French banks not to complain: France is just below the European average in terms of pricing, with an index 95. While other countries are better off. This is the case of Germany (91), Belgium (80) and especially the Netherlands (70). But France is still cheaper than Italy (149), that Spain (107) or the United Kingdom (107).

Packages in the crosshairs

"In France, loans are not expensive. But the price of the bank on a daily basis is higher than the European average, "notes Nicolas Liolakis, partner at Bain.Overdraft fees, prices of the means of payment and other fees related to account maintenance proved higher in France and the Netherlands, Belgium and even in the UK. What grist to the mill consumer groups who denounce service pricing too expensive. The debate was launched this summer with the publication of the report Pauget-Constans. Emphasis was placed initially on the need to reduce the bill payment incidents for the frail. Already, Christine Lagarde, Minister of Economics who had commissioned the report, has asked banks to make efforts to improve transparency.

In the line of sight, the "packages", these packages collected monthly, considered more opaque and sometimes more expensive than the card billing.It was thanks to these packages, launched in 1990, that Credit Agricole, Societe Generale and BNP Paribas other muscles had reached the profitability of their retail banking, also undermined by fierce competition that 'they are engaged on credit. By comparison, British banks take, they, the bulk of their income on credit margins, very expensive in the UK. But the study emphasizes, as with any business service, attention to value for money: the French have, in particular, a mesh of branches among the densest in Europe combined with a high accessibility of the bank distance.

Elsewhere, it is rather one or the other. In the Netherlands, for example, the network, sparse, is complemented by a high rate of customers using Internet banking or telephone.In Spain, the opposite is true: customers enjoy the largest number of bank branches compared to the number of inhabitants and very little use of remote services.

Note also that France ranks well ahead in terms of financial counselors, both in their number and their training. In France, there are 176 client advisors for 100,000 customers, against 114 in the Netherlands and 99 in the United Kingdom. When 60% of advisors dedicated to French individuals claiming a degree, they are less than 20% in Spain.

Wall Street cautious before use - September 3, 2010

After the euphoria of Wednesday, the U.S. markets have continued their momentum but at a slower pace frantic Thursday. At the close, the Dow Jones ended up 0.49% to 10,320.10 points, the Nasdaq is 1.06% at 2200.01 points while the S & P gained 0.91% to 1090.10 points.

No big movements, the indices have stagnated at these levels throughout the session. Investors have also learned a pleasant surprise on the side of the job today. Entries weekly unemployment, against all expectations, declined slightly in the United States during the week to August 28, at 472 000 478 000 cons last week, according to the labor department. Economists had expected jobless claims averaged 475,000.

Other good news: the promise of real estate sales have rebounded in July.The index of sales agreements rose 5.2% compared to June, when the 79.4 economists had expected a decline of 1%. The decline in the month of June was revised down slightly, to -2.8% against a 2.6% previously announced.

Statistics mixed

But at the same time, investors learned that nonfarm productivity had declined much more sharply than expected in the second quarter to show its sharpest decline since the third quarter of 2006. Productivity has contracted at an annual rate of 1.8%, instead of a contraction of 0.9% initially announced. Although expectations were counting on a decline of 1.9% over the period April to June, this review again cast doubts on the markets.

Moreover, the increase in orders received by U.S. factories in July was weaker than expected.These have increased – after two consecutive months of decline – from 0.1% to 409.5 billion dollars while economists were expecting an increase of 0.3%.

"It has a low volume of trade, economic indicators rather positive, so it is easy to push the market upwards," said Scott Marcouiller, Wells Fargo Advisors. "It does not happen much on the market," said Lindsey Piegza, FTN Financial, noting the hesitation of the indices during the session. The caution is called for before the publication of the very important report on employment and unemployment in August, tomorrow Friday.

Note that on the foreign exchange market, the euro is up slightly against the dollar, but only to increase its gains amid anxiety.

Burger King flies

On the side of values, the automotive sector should stand today.The month of August has actually been the worst for U.S. auto industry since 1983. Sales declined 21% to 11.47 million vehicles. Ford Motor (0.86% to 11.71 dollars) has reported a sales decline of 11%. General Motors, which is preparing an offering of securities to reduce by nearly 61% of the state capital, reflecting a drop in its sales by 25%.

Always on the side of values, the U.S. computer giant Apple (0.74% to 252.17 U.S. dollars) has unveiled the updated version of its iPod portable should be very surrounded. The Apple brand has also significantly lowered the price of its Apple TV boxes, for playback on a television screen high definition video from a computer.

Burger King (25.08% to 23.59 dollars) has formalized its takeover by 3G Capital at a price of $ 24 per share.The total transaction is valued at four billion dollars (3.12 billion euros).

Warren Buffett has filed a formal offer to repurchase its Berkshire Hataway (+0.38% to 81.22 dollars) for the 19.9% stake it does not already own in Wesco Financial (unchanged at $ 363 ).

General Electric (0.80% to 15.13 dollars) and Westinghouse Electric might spend ten billion dollars (7.8 billion euros) in total to build two nuclear reactors in India, Financial Express reported Thursday.Citing unidentified official sources, the newspaper said the two projects are being finalized in preparation for the planned visit in November, U.S. President Barack Obama.

HP (1.20% to 39.68 dollars) announced Thursday it had raised its takeover offer for 3PAR (2.43% to 32.86 dollars) to $ 33 per share, valuing the company Storage Data to 2.4 billion dollars. In the process, Dell (1.98% to 12.36 dollars) refuses to bid and withdraw from the race.

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Burger King is considering putting up for sale - September 1, 2010

The crisis has not spared Burger King, the second fast-food chain in the United States. The steamroller of burgers, present in all U.S. states and 75 countries, with over 12,000 restaurants, would consider themselves to sell. The Wall Street Journal, citing people familiar with the matter, Burger King has begun discussions with several investment companies in recent weeks.

The British firm 3i Group would be in the running, sources said. The content of the talks is still uncertain, however, and it is not certain to lead to a sale of the fast food chain.

This is not the first time, however, that Burger King changed hands. In 2002, a team led by TPG Capital LLC, Bain Capital and Goldman Sachs Capital Partners bought the company for $ 1.5 billion to Diageo, the British beverage giant.They still own 32% of the chain and have a representation of weight on the board of directors, said the Wall Street Journal.

Listed on the Stock Exchange since 2006, Burger King has a market capitalization of about $ 2.26 billion. The information has not been commented on by the American channel, or by 3i Group, said the newspaper said.

Sales at half

Still, that Burger King has trouble getting out of the financial crisis. The fast-food chain has published its 2009/2010 annual results last week. Verdict: The group's worldwide sales have shrunk by 2.3% in 2009/2010, after a slight increase of 1.2% the previous year. The sales that have slumped particularly in North America (U.S. and Canada), where they lost 3.9%. The annual turnover of the group stood at $ 2.5 billion, down 1% from last year.

"During fiscal 2010, we faced the maintenance of high unemployment and a fragile world economy, a combination that has made this year one of the worst in recent history, in environmental terms economy, "commented Group CEO John Chidsey, the reported results.

McDonald's in great shape

An environment that does not seem to affect the group's main rival, the leader McDonald's. The latter announced early August that its global sales had flown by 7% a year in July. Its sales jumped 5.7% in the U.S., 5.3% in Europe and 10.1% in the Asia-Pacific, Middle East and Africa.

In France, QUALIUM Investment Management Company (formerly CDC CI), a subsidiary of Caisse des Depots, have finally decided to keep its stake in the fast food chain Quick, after considering its sale last spring, reported The Tribune last week. Despite the crisis, the brand continued to grow in 2009. Its sales rose 3.7% in volume, for a value of 925.7 million euros.

Google is preparing to counter Apple in online video - August 30, 2010

Google and Apple do not agree no further time. Already competitors in the mobile and advertising, they prepare to pay back the video on demand (VOD). According to information from the Financial Times, Google "is currently negotiating with major Hollywood studios to launch a video service fee to the card by the end of 2010 the United States. With this enhanced client service, Google would be "neck-and-neck competition with Apple to dominate the digital distribution of films and TV content," the newspaper said.

At Google, renting movies is not entirely new. YouTube has since the beginning of the year. But the catalog is currently comprised mainly of works by independent studios, which attract few users. It should be completed by this time the great successes of the cinema, for rent as they are released on DVD.According to the Financial Times, Hollywood would have been seduced by the arguments of Google, which has a substantial pool of hearing.

Negotiations "in emergency"

These negotiations, which ran for several months, are now conducted "in emergency", as competition increases in the United States. The DVD rental company Netflix has completely redesigned its online service, through a monthly subscription. For its part, Hulu has benefited from the support of its shareholders Disney, News Corp. and NBC Universal to become the number two online video in number of visitors, behind YouTube. The site, which offers since its launch films and series for free, advertising, launched in August a section fee.

Google's main rival in the video rental property remains yet Apple.On Wednesday, Steve Jobs is expected to announce the arrival of television shows on iTunes for rent payday advance. Each episode would be 99 cents suggested by the American press, or the same price as a piece of music, and could be viewed for 24 hours. Until then, Apple proposed that these series as sales, two or three times more expensive. The choice of location, most popular, was reserved for movies.

For both IT groups, the issue is not simply to increase their income with online video, but also to make their devices more attractive to take a position in the salons. The iTunes videos are playable on Mac and PC, iPod, iPhone and iPad. A new version of Apple TV, the box that connects to televisions, is also in preparation.In front, Google is also preparing a range of appliances connected to TVs, with the help of Sony and Logitech.

"It's hard to convince the French suppliers'

According to the Financial Times, the Google service "would probably be launched first in the United States before being extended gradually to other countries. Negotiations abroad take effect in time. Apple has more than two years before proposing, in April, a few thousand movies for sale and rent in France.

Unlike music, Internet rights are often held by television stations and local media. "By outsourcing their content to Apple channels lose the freedom to set their prices and the relationship with their customers.Difficult to convince the French suppliers, "said Frederic Sitterlé, former Director of New Media and founder of the Figaro service VOD MySkreen independent. Conservative channels have preferred to have their VOD services. While discussing the opening of a joint French platform.

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The CAC 40 continues to slide - August 26, 2010

Since Wall Street opened, the CAC 40 was down a little deeper into the red, as was the case adhered just below these sessions. Around 16 hours, the index drops 1.71% to 3431.29 points. It seems that all eyes are turned to the United States, which links the bad economic publications.

After falling sales of existing homes (yesterday), on Wednesday, orders for durable goods rose only 0.3%, against 2.8% expected.The U.S. stock markets have opened in the emblematic red and embarking again finanières European places.

Second bad news dropped to 16 hours in the U.S. yet, sales of new houses have relapsed in July to reach a new record low since 1963 at least, after an unexpected plunge 12.3% from June , according to official figures released Wednesday in Washington.

Tuesday, across the Atlantic, the bad sales figures for housing (the lowest since 1995) had already severely affected exchanges.

On Wednesday morning, the CAC 40 was, however, tried to trace down the tip, reviving briefly in mid-morning, with 3,500 points, after an early morning start in the red (down 0.25% to 3482.53 points) .A rise that coincided with the announcement of a surprise increase barometer Ifo main confidence index in Germany. The latter settled in August to 106.7 points against 106.2 in July (as confirmed), while economists and analysts had expected the decline to 105.7. Their estimates ranged from 103.8 to 107.5.

After returning to equilibrium time, the Dax reassigns 0.77%. The London FTSE follows the same path (-1.05%) after starting in negative territory (-0.10%) followed again by a brief rebound.

Since the beginning of the week, the CAC 40 has yielded no less than 3.3%. And since August 6, the index dropped 9.7%!

As for currencies, the euro has stabilized against the dollar payday loans online.The euro traded 1.2662 dollar.

Edenred unscrews

In terms of values, many trucks will publish their results quarterly and half in this weekend.

Lagardere takes the lead, up from 3.94% to 29.045 euros. The title is supported by Exane noted that his opinion of "Underperform" from "Outperform." The target price has been raised from 35% to 35 euros

Edenred, the old branch of prepaid services group Accor became autonomous, has reported an operating income of 155 million euros in the first six months of the year, down 7.1% . Turnover rose 3.8% to 461 million. But the group is very conservative forecasts, the growth in issuance volume yet to be affected by rising unemployment in Europe.The securities were down 0.22% to 13.78 euros.

L'Oreal (0.90%) and Sperian (+0.09) will publish its first half results after market close.

The Polish government has shortlisted five offers to buy the 51% stake in state power company Enea on Tuesday said the Treasury Department, without specifying the identity of candidates. EDF (-0.44% to 31.63 euros) and GDF Suez (-0.80% to 24.32 euros) would be in the running according to media reports. Only EDF confirmed it had made a preliminary offer.

Scor (1.91% to 16.285 euros) has been a change of recommendation by Fitch. The broker has raised its outlook on Tuesday its debt rating of reinsurance group to "positive" cons "stable" and kept at "A" rating from its long-term debt of the group.Fitch said the decision including the prudent investment policy conducted by SCOR and the diversification of its risks.

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Replenishment: the final battle between Airbus and Boeing - July 9, 2010

A new face to face. And this, for the third time since 2001. Airbus and Boeing had 14 hours until today to submit their proposals to the Pentagon to get the first installment of the fabulous contract renewal of the fleet of tankers U.S.. Or 179 tankers for about 40 billion dollars out of a total of over 400 aircraft in exchange for a check of more than 100 billion dollars.

The two rivals have delivered boxes and boxes of documents 8800 pages for EADS Air Force Base Wright-Patterson U.S. Air Force in Ohio. The Pentagon said it would issue its final decision on Nov. 12, after the midterm elections in Congress. Contrary to some rumors, there was no third deposit offer from the Ukrainian Antonov.

The ultimate battle for the tanker has begun.Airbus (2008) and Boeing (2003) have each won once this contract before it is canceled. In March, EADS had been forced to throw in the towel after the abandonment because of "biased competition" in favor of Boeing Northrop, its American ally at the time.

Convinced that his offer and his plane are the best and deal with the Pentagon's commitment to open competition "fair and transparent," Louis Welsh, president of EADS, has decided to descend into the arena. EADS proposes the KC-45, a military derivative of the long-haul A330. This unit has successfully completed numerous flight tests and has won every competition in the world including in Britain and Australia with two KC-45 must be delivered by the end of Payday Advance.Facing him, a derivative competes with Boeing's Military B 767, a paper airplane that does not exist yet.

48,000 jobs

EADS has provided a list of its 200 U.S. allies including some key partners for the militarization of the aircraft. Among them, the first is Rockwell Collins, a specialist in avionics and electronics, as announced by the letter AeroDefenseNews. This group of 4.5 billion dollars in sales, is a longtime supplier to Boeing and its … B767! Rockwell Collins provides the avionics include weather radar and the B 767-200. But it is also an expert in military electronics, which are sensitive equipment aboard the C-130 transport aircraft from Lockheed and the KC-135 Boeing.GE Aviation, Honetwell, Hamilton Sundstrand, Goodrich or agreed to engage behind EADS which the Pentagon has recognized as prime contractor (prime contractor). If its bid is successful, EADS to build an assembly plant in Mobile, Alabama. He believes that his project will create 48,000 direct and indirect jobs with the outsourcing to the United States.

EADS Has a chance to win and achieve the American breakthrough he has been waiting long? Many questioned both the military contracts are in final political decision. The price will determine the Pentagon said, putting pressure on the two groups. EADS has already said he would not take a contract loss

The boss of General Electric blames China and Obama - July 3, 2010

The boss of General Electric has no language in his pocket! Jeffrey Immelt said during a dinner meeting today that China's most difficult business conditions for 25 years, the Financial Times. The leader has warned that the group he leads plans to pursue opportunities in other countries.

The British business daily said that Jeffrey Immelt has also made remarks unkind towards the Obama administration, he blames the poisonous climate in the United States. It is also concerned that regulatory changes desired by the White House have a negative impact on the fragile recovery in the United States.

But General Electric said that the remarks attributed to Jeffrey Immelt do not reflect the opinions of the group. The U.S. giant has also said that the leader was speaking at a private dinner.

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The Paris stock exchange plunges into the red - June 25, 2010

Better than expected.

Job center will provide 18 hours tonight the numbers of jobseekers registered.

In the Eurozone industrial orders in April showed the strongest gain in 10 years: +0.9% over March and 22.1% compared to April 2009. This last figure is the highest since May 2000, according to statistics released Thursday by Eurostat.

On the macroeconomic front, new jobless claims in the U.S. declined for the first time in three weeks, more than expected, according to official figures released on Thursday, and identifying the deposit of 457,000 new applications for grants from 13 to June 19 cons 476,000, said Thursday the Labor Department.

Furthermore, new orders for durable goods fell for the first time in six months from May to include the down purchases in the aviation sector, official statistics show on Thursday.

The Commerce Department reported a decline of 1.1% of these orders, to 192.008 billion dollars, after rising by 3.0% in April.

Analysts polled by Reuters had forecast an average decline of 1.4% in May after rising 2.8% announced in the first estimate for April.

Areva accrues $ 400 million more

The Group accrues 400 million euros more because of the further delay of the EPR. These delays have already cost the group 2.3 billion euros nuclear. And this new supply will cause the accounts into the red in the first half.

Vinci: -0.59% to 37.26 euros The company has signed an agreement for a proposed road tunnel in Vietnam, worth an estimated $ 600 million.

Publicis: -0.34% to 34.74 euros Interpublic does not need to merge with Publicis, according to its CEO, Michael Roth.The fourth group in terms of global advertising revenues has been speculation about a possible merger with French group.

L'Oreal: -1.81% to 81.82 euros, L'Oréal held yesterday, a presentation on New Markets, on their growth potential, based on affordable innovations, development of new product categories and the acceleration of globalization. Natixis Securities appreciated and raised price target on the value of 92-97 euros.

Societe Generale: -2.93% to 35.74 euros, the bank claimed Kerviel to 4.9 billion. This sum is claimed as damages, the commitments of the former alleged fraudulent trader.

Banking sector is doing well this Thursday after being bottom of the list of the CAC 40 over the past two sessions.The President of the European Central Bank, Jean-Claude Trichet said in an interview published Thursday that the reform of financial regulation are on track and that a number of important decisions will be taken in November, during G20.

Axa: + 0.07% to 13.55 Resolution eurosL'assureur UK announced Thursday the acquisition of its French rival Axa Life insurance, savings and pensions in the United Kingdom for up to 2.75 billion pounds (3.3 billion euros).

Vivendi: + 0.06% to 17.45 euros without, however, that the word "relax" is heard, the prosecution had asked for any penalty against former executives of Vivendi Universal. From the first day of the hearing, Jean-Marie Messier, former chief executive, expressed a mea culpa about its "excessive communication."

Casino: + 0.33% to 63.75 euros latest episode in the war of Nespresso.Nestle has obtained the high court in Paris to send bailiffs in Folliet and Vegeplast, the two suppliers to the manufacturer Casino pods compatible with Nespresso machines.

Air France-KLM: -2.73% to 10.87 euros 4,390 people have left the company without being licensed, by March 2013, according to an internal document quoted by La Tribune, on its website.

Company Alps: -4.28% to 23.02 euros Compagnie des Alpes announced Thursday the launch of a capital increase of around 100 million euros, with retention of preferential subscription.

The leisure group has also announced a refinancing of its debt in advance through long-term, secure the liquidity of the group for five years.The increase in crude inventories reported in effect a weakening demand.

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"London will not go further to help the euro" - June 7, 2010

The new head of British diplomacy began Sunday evening in Paris on a tour that continues this week in Rome, Berlin and Warsaw. He gave his first interview with Le Figaro in the European press.

LE FIGARO. Largely eurosceptic Conservative Party, to which you belong, has concluded a coalition agreement with the Liberal Democrats, favor, they, to a rapprochement with the EU. What will your European policy?

William HAGUE. This is good news for the EU that we have heard over five years with our coalition partners. This was not the tradition in Britain to have a fixed maturity term of office. The next general elections will be held in May 2015. For our European partners in particular, that political stability should be a good omen.With the Liberal Democrats, it was not difficult to determine what our European policy: this is further good news for the EU, because we will be predictable. The course is set for the next five years: we intend to be extremely active in European affairs so that the EU can collectively weigh in the world. We will also be very active to help European economies to recover growth, create new jobs and new businesses. We'll be tough negotiators, but is not that we should expect from any government?

The economic crisis, financial, monetary and across Europe requires its members to further cooperation. How far will you go on the path of solidarity?

We do not belong to the euro area and we do not rejoin, as stipulated in the coalition agreement.Neither partner will do the same proposal, as long as this agreement. But as David Cameron has said a euro zone healthy is in our interest. We do not want to be part but we hope it contributes to the financial stability of Europe. It is very important to us. Regarding the financial support that Britain could make to the euro area, our position coincides with that of the government of Gordon Brown. Our country faces the heaviest budget deficit in history (aside from the period of world wars) and the priority task is to reduce the deficit to a level where it can be controlled.We are not able to provide other financial guarantees.

So you exclude from participation in a support fund for countries of the euro area in trouble?

The government that preceded us had agreed to participate in one of these funds a few weeks ago. We will assume our responsibilities in fulfilling this agreement. But we will not be dragged further into the euro area. This is not what the British want from their government. It will not offer more than what has already been proposed.

Do you negotiate opt-outs with the EU?

We will discuss with our partners in government. As indicated in the coalition agreement, we want to limit the application of the directive on working time, which we consider too restrictive in Great Britain.We also wish to pass a law requiring a referendum if a future government would go further transfers of sovereignty to the EU. There was a lot of institutional changes in Europe and debate. We must now ensure that the institutions function, can improve economic performance, extending the single market and cooperation in foreign policy. Let us focus on concrete achievements rather than engaging in a new institutional debate.

A bounce or a deepening of the crisis could lead to more regulation. How would you react?

We certainly need to improve how we regulate the banking and financial services. But further regulate the labor market and the business would be in the wrong direction. This is the traditional view of the British.The crisis has again highlighted. We say: Great Britain is open for business. Our next budget in two weeks, will reaffirm the years to come. We hope that our European partners adopt a similar approach.

The EU's foreign policy is lacking, according to you, "determination and consistency." What will you offer?

The situation in Gaza shows that Europeans must contribute to the relaunching of a peace process. All solutions to ensure the delivery of aid to Gaza and trade require a form of international assistance and there is a role for the EU. European nations, when they speak together, can have a particular impact. That the Israeli government to decide whether to accept the fact-finding mission to which France and Great Britain are favorable.In a situation like this, we must unite our capabilities. It is also the case for Iran. We work closely with France to allow the adoption of new UN sanctions. We also want to discuss additional EU measures. Again, the Union can demonstrate its collective weight.

Are there still you think a "special relationship" between Britain and the United States?

Yes, this special relationship exists. I called the alliance indivisible. It is expressed through a wide range of cooperation (diplomatic, military, nuclear, intelligence, economics …). Great Britain and the United States is still the largest investor in the partner. But it is not for us to choose from competing in Europe or France. Both relations, transatlantic and European natural fit.

Afghanistan is a priority.Can you do better than the government of Gordon Brown?

We need a viable political process at the same time that military progress in the field. Of course, it's difficult, but we must remain faithful friends. We will remain strongly committed to Afghanistan. The worst would be to leave an uncertainty reflected in our action. This would only strengthen those who do not want a future of peace. The question is not whether we will continue to make our contribution but how we will.

With France, cooperation in defense looks promising?

We already talked with our counterparts in French when we were in opposition. It is still too early to make announcements: the review of our strategic policy and defense completed in the fall. But we are very open to new ideas and a closer cooperation.David Cameron and Nicolas Sarkozy have already established between them a great working atmosphere. We have many things to do together to ensure the growth of our economies, develop civil nuclear power or act in the field of immigration. The fact that the Prime Minister and I have chosen to perform in France our first bilateral visit abroad shows the enormous importance that we attach to these relationships.

Bluefin tuna: tension in the Mediterranean - May 15, 2010

The French fleet of purse seiners in the Mediterranean ready to run the campaign the smallest in its history. From midnight Saturday, they have thirty days to collect more than 1 700 tonnes of bluefin tuna, cons 3000 tonnes in 2009 and 4500 tonnes in 2008.

Since Wednesday, the departure of vessels, mainly from the port of Sete, carried out under tension after the blockade organized by Greenpeace in the port of Frontignan (H?rault). "Their action is in response to concerns especially media and certainly not economic or environmental. Scientific reports write black on white that the bluefin tuna population is being rebuilt. And this year, the owners have made a huge effort to fit in the strictly legal framework enacted by the International Commission for the Conservation of Atlantic Tunas (ICCAT).Fishermen are tired of being stigmatized as exterminators and thieves, "said Bertrand Wendling, director general of the fishing cooperative S?te (Sathoan). This year, fishermen in the Eastern Atlantic coast and the Mediterranean should not exceed 13 500 tonnes of sampling with equal quotas between Spain, Italy and France.

1500 affected families

The decision to reduce the fleet in 2010 (17 ships against 28 in 2009 and 32 in 2008) was dictated by a concern for profitability and demonstrate the willingness of fishermen. "Every fishing boat could therefore 100 tonnes this year, and we need a sample of 130-140 tons to balance expenses and depreciation. The financial sacrifice is a bet on the future.Because we believe the future of the bluefin tuna fishery, "said Jean-Marie Avallone, owner S?te history of tuna, which bind only three of its four boats manufactured in France since 2002 in the campaign, on board a auditor accredited by ICCAT.

For the weapons of Rosina Arthur Marseille, the sacrifice is even more eloquent: a four tuna catch. "The French fishermen from Mediterranean will be kept under strict surveillance for this campaign. By Will it be the same for illegal fishing vessels that will continue to take, without control, limitation or quota? "Annoyed Henry Square, the National Committee of Fisheries. The stakes are high for Mediterranean ports: "1500 families live in this fishery," according to Bertrand Wendling.This, despite the reduction of the "wing" and the price of tuna leveled between 5 and 8 euros per kilo (out of the boat).