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The new home sales fell 13% in the third quarter. At the same time, housing starts increased by 11%. Professionals denounce the consequences of the austerity measures the government. An employee on a construction site offices and accommodation in Marseille.

The new home sales by developers are still down in the third quarter. They fell in France by 12.9% yoy in the third quarter, according to the Ministry of Housing, which reported Tuesday alongside a 11.4% increase in housing starts and permits 22.6% built between August and October 2011.

For all of 2011, the number of new homes sold by developers to fall, according to Michel Mouillart, professor of economics at the University of Paris X-Nanterre, between 97,000 and 98,000 against 115,000 in 2010, a down 15%, far from the record 127,000 in 2007. In 2012, Mr. Mouillart expects a further decline to 85,000, far off the figure of the previous crisis (79,000 in 2008). "The year 2012, with 340,000 starts in 2012 against 350,000 in 2011 should mark a decline that feeds the decline in demand. To reverse this decline, it will be tough in the absence of public support for devices private construction, "said Michel Mouillart.

China will begin a cycle of easing monetary policy next month, via a lowering of reserve requirements for banks, a sign that the country feared the consequences of the global economic downturn, according to a survey released Tuesday by Reuters.

Of 19 analysts surveyed, 10 thought that the Chinese central bank will decrease by 50 basis points in the reserve requirement ratio, currently at 21.5%, a level which, according to the bank, affects their profitability and lending capacity.

Two weeks ago, the Chinese central bank said China was ready if necessary to adjust its monetary policy.

Eight analysts believe that the lower reserve requirement ratio will occur in the first quarter 2012 and one analyst expects the second quarter.

Last week, a majority of market participants did not see any easing before the first quarter of 2012, but the worsening debt crisis in the euro zone could precipitate the decision of the Chinese monetary authorities.

Inflationary pressures have led them to meet several times the interest rates and bank reserve requirements since October 2010.

Since then, inflation has decelerated slightly to 5.5% last month, but remains above the official target of 4%.

Angela Merkel and Nicolas Sarkozy are considering the establishment of a Stability and Growth limited to a few countries in the euro area, the Welt am Sonntag reported on Sunday.

A new deal would avoid waiting for a treaty reform could drag on, the newspaper quoted German government sources.

German Chancellor and French President could unveil the next week this proposal as part of a plan against the debt crisis.

"Based on these measures," the newspaper, "there should be a majority in the European Central Bank for a more strong capital markets.

On 14 November, it had fallen to historic low of 317.90 per euro.

Bond yields, already at a high of two and a half years more than 8% should also be under pressure.

To justify its decision, Moody's described the growing uncertainties about the ability of Hungary to achieve its budgetary targets, the high debt levels and what the rating agency designated as growth prospects in the medium term more mixed.

The Hungarian Ministry of Economy said in a statement that the lowering of the Hungarian sovereign rating to Ba1 by Moody's was part of "financial attacks directed against Hungary."

The UMP, which is now called the "party of the rights and duties", proposes a cap on income-tested benefits, to encourage the RECIPIENT of the RSA to work and to decreasing unemployment benefits. A strategy to capture the voices of lower-middle class. Decryption. The UMP held Tuesday, November 22 its first national convention in Lambeth (North). "We give the kick off of our presidential campaign," he told the Secretary General of the UMP, Jean-Francois Cope.

Tuesday night was held the first of three national conventions of the UMP, which must deliver the program of the presidential party in 2012. This meeting was devoted to economic and social. On the menu include: the end of 35 hours and the introduction of a social VAT renamed "anti-offshoring tax." Above all, the fight against assistantship.

European shares retreat in early trade Monday, concerns over U.S. debt back in the news as the crisis in the euro zone sovereign has still not been resolved.

At 9:03, the CAC 40 index lost 0.84% ​​to 2971.58 points.

London yields 0.81%, Frankfurt and Milan 0.52% 1.06%. Madrid was down 0.15% after the victory of the Popular Party (right) in the parliamentary elections. The Euro Stoxx 50 index of the principal values ​​of the euro lost 0.5%.

The 10-year rate of the entire euro zone relax with the exception of Greek performance stretches of 16 basis points to 26.3%.

The private owners of Greek sovereign debt have formed a committee of creditors in the hope to start as soon as possible discussions on the implementation of a 50% discount on Greek paper, said Thursday Charles Dallara, President of the Institute of International Finance (IIF).

The owner of this association, which represented the banks in the negotiations on a new aid to Greece, said he expected the discussions to a conclusion within a few weeks.

In late October, leaders of the euro area reached an agreement on a 50% discount on the shares of Greek debt and a new tranche of 130 billion euros.

In the previous agreement of July 21, this discount was only 21%.Charles Dallara said the figure of 50% was "final".

The government crisis Lucas Papademos has passed Wednesday without a surprise first hurdle in getting the trust of the Greek Parliament but dissension arose in the coalition could complicate the implementation of reforms to save the country from bankruptcy.

The UK unemployment rate reached during the quarter its highest level for 15 years, while the number of unemployed young adults touched a record high, according to figures released Wednesday by the Office for National Statistics (ONS).

There were 129,000 additional unemployed within the meaning of the International Labour Office (ILO) for the three months to September, bringing the number of unemployed to 2,622,000, the highest level since the quarter July to September 1994.

The unemployment rate stood at 8.3% of the workforce. This is the highest rate since April-June 1996.

The number of unemployed youth has reached 1.016 million, bringing the unemployment rate in this category of 16-24 years, 21.9%.This is the first time the bar is exceeded one million young people since 1992 that such statistics exist.

The government, who are asked to boost growth, is limited in this way by its promise to reduce the budget deficit via an austerity plan that provides for the loss of 400,000 jobs in the public sector.

In this context, the Governor of the Bank of England Mervyn King should draw a portrait of the sluggish economy during the presentation of its quarterly report on inflation expected for 10:30 GMT.

The lessor of aircraft Kuwaiti ALAFCO has increased to 50 copies, $ 4.6 billion (3.4 billion), its order for Airbus A320neo at the Dubai Airshow.

The group had signed a memorandum of agreement for 30 aircraft at the Paris Air Show in June.

The president of ALAFCO Ahmed Al Zabin said not to be particularly concerned about the potential impact of economic turmoil in Europe on demand for aircraft, including the Middle East.

"We talk about the long term, what is happening right now on the short term," he said at a news conference.

The AMF said Thursday it had opened an investigation following the release by the rating agency Standard & Poor's erroneous information suggesting that the French sovereign rating was lowered.

The AMF said in a statement it had contacted the European financial supervisory authority (ESMA), under its powers of scrutiny of rating agencies.

The French finance minister, Baroin, had previously requested the opening of the investigation into the causes and possible consequences of the mistake, which he described as "quite shocking rumor of information that do not match any foundation" .

"We will not leave any negative message through.It was a strategy, we have an appointment in terms of deficits that is fixed. It will not change one iota, "he said in Lyon on the sidelines of a conference on the economy.

As investors worried about a possible spread of the crisis in the euro area to the major European economies, the error of S & P was able to accentuate the room nervously.

The yield of the loan to ten years jumped by about a quarter point, its largest increase since the launch of the euro in 1999.

Clarification of S & P was issued in English in Paris at 17:40 (16h40 GMT), after the market close.