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Public service employment of 215 French FTEs per 10,000 unemployed. This is less than in Germany and the United Kingdom, according to a study by the Inspectorate of Finance.

The Public Employment Service (PES) French suffers in comparison with its European neighbors. The comparative study conducted in the summer of 2010 by the NSPECTION of Finance (IGF), which was unveiled Monday, April 11 at the board of directors of the employment center, says the lack of personnel to fight against unemployment in France relatively the means used by its European neighbors, especially Germany. For 10 000 unemployed according to ILO, the French PES has 215 full-time equivalent, against 221 in the PES in the UK and over 420 within the PES German.

A trend accentuated during the crisis. IGF note that German and British public operators have densified the accompanying staff during this period.More than 16,000 officers have been recruited across the channel and portfolios of unemployed agent were maintained at 70 in Germany. At the same time, the number of unemployed per staff almost doubled to 110 in France.

Different strategies

France does not affect the same priorities to its agents than its European neighbors. In France, more effort is devoted to relations with employers (10% of staff) than in the other two countries (4%). The UK focuses its agents to the accompaniment of job seekers (51% of staff) and Germany favors missions compensation (23% of the workforce).

The ratio of IGF proposed areas for improvement such as the transfer of part of the PES staff to craft French dishes and also suggests reducing the monitoring of some unemployed for more targeted audiences farthest from employment.It also calls for expanding the employment center management by increasing the ceiling of CSD (5% of the time).

Investors observe closely the profits posted by companies and their forecasts next week as earnings season begins in the United States.

The group Alcoa will open the show a season of strong results ahead Monday after closing exchanges.

Other publications eagerly awaited next week include JPMorgan Chase & Co, Bank of America or Google.

Investors should also be reassured by the agreement reached Friday between U.S. Republicans and Democrats about the federal budget, narrowly avoiding paralysis of much utility.

The publication of a series of indicators, barometers of economic recovery, should also lead the market next week, especially the index of consumer prices and production, or the index of consumer sentiment University of Michigan.

"The figures for inflation – consumer prices and producer prices – are certainly important. Expectations imply a higher inflation than the Fed wants to do '," said Hugh Johnson, chief investment officer at Hugh Johnson Advisors LLC in New York.

"Investors will focus next week on the results and economic indicators."

The deficit of state budget stood at 28 billion euros at end-February against 21.8 billion a year earlier, according to data released Friday by the Budget Ministry.

The evolution from one year to balance the other end of February is partly explained by a deterioration of the balance of special accounts (advances and financial transactions) from 7.4 billion euros, "mainly due to disbursements made in January 2011 of a portion of the loan granted to Greece, "the ministry said in a statement.

The overall budget balance has improved along $ 1.2 billion.

On February 28, 2011, total expenditure (general budget and levies on revenues) reached 57 billion euros, or half a billion less than this time last year.

General budget revenue (net of rebates and refunds) amounted to 40.2 billion against 39.4 billion a year earlier.

"Tax revenues are up from one year to another," said the ministry, adding that "this positive development still remains insignificant.

The use of Portugal in international financial assistance takes away the sword of Damocles hanging over the euro zone and has a good chance to stem the contagion of the crisis of debt in other European countries, analysts said.

Investors expected for several months that Lisbon is resigned to a rescue plan considered inevitable.

The decision announced Wednesday by Prime Minister Jose Socrates should not overly filling markets and the euro has little reaction to the news.

In addition, the amount of aid that would be paid in Lisbon, estimated between 60 and 80 billion euros according to a European source highly placed, should be easily covered by the European Financial Stability (FESF), which has 440 billion euros, especially since the International Monetary Fund (IMF) will probably asked too.

All these elements contribute to comfort those who feared the worst-case scenario: a forced Portugal to finance at exorbitant rates, with the bar a government resigned in charge of caretaker until elections planned June 5

A collapse of the Portuguese budget would probably have created a strong fear for Spain's finances and made Madrid the next victim of the debt crisis.

"This is good news. We kept saying for some time that the finances of Portugal were not sustainable at those rates," he told Reuters Erik Nielsen, chief economist for Europe at Goldman Sachs."We believe that the contagion stops here."

MARKET ASSURED ON THE FUTURE OF THE EURO

Until early this year, it seemed likely that the markets would address if Portugal Spain followed suit in Greece and Ireland, asking a support plan.

But the government of Jose Luis Rodriguez Zapatero has implemented reforms in recent months the labor market, pensions and banking, stabilizing the financial conditions in Spain in the bond market and for investors to consider Madrid is about to get by.

This is the path that will now have to undertake a plan for the Portugal international support will not be without deep structural reforms to correct its deficit, its lack of competitiveness and chronic low growth.

"Unfortunately, the solutions to these problems have an impact over the long term.In the meantime, the Portuguese have a difficult road lies ahead, "said Joao Leite, head of investment at Banco Carregosa in Lisbon.

EU leaders may be reluctant to sign an agreement with a government rescue awaiting departure, as was the case in Ireland where the newly elected government is now trying to renegotiate the terms of aid.

Unlike Greece, faces tax evasion and corruption, or Ireland, penalized by a banking system crisis, Portuguese evil looks easier to cure than those of its predecessors.

In addition, the EU has learned from previous rescues.There is a broad consensus among the leaders of Twenty-Seven estimate that loan conditions imposed in Athens and Dublin were too drastic, so Portugal could get a more accommodating.

"Investors no longer seem to worry about a large-scale crisis in the euro area and the possible death of the single currency, because they assume that mechanisms were in place to prevent the crisis to escape control, "notes Jane Caron, Dwight Asset Management.

Still, the Portuguese fiscal consolidation will not solve two major threats that still weigh on the euro area: the risk of a sovereign debt restructuring of a peripheral country and the risk of a relapse of the banking sector.

The New York Stock Exchange ended almost flat on Tuesday, the Dow Jones industrial yielding 30 0.05% or 6.20 points, to 12,393.83.

The S & P-500, wider, lost 0.24 points, or 0.02%, to 1332.63. The Nasdaq Composite Index advanced 2.00 points to his side (0.07%) to 2791.19.

These data are likely to vary even slightly.

The current head of the IMF would collect 36% of the vote against 31% for Nicolas Sarkozy among voters that although traditionally right. The IMF managing director Dominique Strauss-Kahn is the candidate favored by private practitioners for the 2012 presidential

The Socialist Dominique Strauss-Kahn, Nicolas Sarkozy is ahead in the first round of presidential elections in the voting intentions of general practitioners, traditionally right electorate, according to a poll published Monday, April 4 FIFG by Doctor's Daily. Assuming he would be the candidate of the Socialists, the IMF managing director would get 36% of the votes among physicians cons 31% to the President of the Republic, if the presidential election were held today, according to this poll.

"For the first time a leftist candidate than among physicians Liberals right-wing candidate, who is hosting more of the Elysee," the newspaper commented."These results are particularly worrisome for the president and his government that they have worked hard (…) to reconcile with the medical profession and in particular general practitioners," the newspaper recalls Nicolas Sarkozy in 2007 had collected 48% of the votes in this occupational group.

Assuming Martine Aubry would socialist colors, Nicolas Sarkozy happen, however a clear leader with 37% against 24% at the first secretary of the PS. Marine Le Pen collected only 7 or 8% of the vote, according to the case, far from the voting intentions of the general population (21 or 22%).But the president of the National Front is better than his father "did not realize that not only 2 to 3%" for doctors in the past, the paper notes.

The survey was conducted by telephone from March 23 to 29 among a sample of 417 physicians registered on the electoral roll, itself taken from a sample of 501 physicians representing private practitioners (quota method).

The Paris Bourse, like all European markets ended sharply up Friday, as investors were reassured by the results of stress tests in Ireland, followed by the publication of good employment figures in the U.S. States.

The CAC 40 index ended with a gain of 1.64% to 4054.76 points in the first day of April, returning to its levels of early March.According to Philippe Delabarre, an analyst at Trading Central Graphics, ACC is now moving towards its peak year of 4169 points, reached Feb. 16.

Similarly, the London Stock Exchange closed up 1.71% to 6,009.92 points and Frankfurt on a gain of 1.97% to 7179.81 points.

The pan-European Euro Stoxx 50 index and Eurofirst 300 won respectively 1.79% and 1.47% at 1141.47 points for the latter.

"The result of 'stress tests' shot financials.With numbers of good quality on U.S. employment, the Libyan crisis and rising oil were placed in the background, "said Patrice Pérois, sales trader at Kepler Capital Markets.

Bank stocks reacted positively following the results of tests of resistance experienced by Irish banks, which reassured investors. BNP Paribas took particular 3.55% to 53.440 euros.

Carrefour (3.67% to 32.385) recorded the largest increase in the ACC.The distributor has been contacted by investment funds for a possible resumption of Dia, a subsidiary of discount stores it plans to stock this year, according to sources familiar with the matter.

The dollar is trading at 1.4210 / 11 per euro, down from 1.4168 at the previous day, while U.S. light crude traded at 107.61 dollars per barrel (91 cents).