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Announced in May, the marketing of coffee pods Casino compatible with Nespresso coffee machines, breaking for the first time the monopoly of the subsidiary of Nestl? on its capsules, should lead to jostling on the shelves of super, supermarkets and mini-markets group Etienne. It could also lead to a rush in the courtroom. "We will defend our interests in a very strong," says Le Figaro Richard Girardot, CEO of Nespresso.

Ethical Coffee Company (ECC), the young Swiss company founded by a former boss of Nespresso and Casino, has negotiated exclusive distribution in France capsules designed by ECC, ensure not to violate any of the patents filed by the subsidiary Nestle. Those who protect the first generation of capsules are supposed to fall into the public domain until late 2012 payday advances .ECC claims to have found a loophole allowing him to circumvent the patent protection. "It seems very surprising to our lawyers," stressed the head of Nespresso, which states that the 1700 patent filed by the group to protect the faith the capsules and how they are used in coffee makers.

The leaders of Nespresso, which could not see, and because the capsule competing, let alone taste it, do not count undertake preventive approach, both towards Casino, ECC or its sub Folliet contractor, the roaster Chambery which supports the production of pods. But with their lawyers, they will likely be the first to rush into the shelves of Casino.

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Ambiance morose on equity markets. Investors doubt visibly increasing the sustainability of global economic recovery and remain concerned about the drift of public deficits. In Paris the CAC 40 fell 0.37% to 3928.95 points. The activity is particularly low, with about 3 billion traded on the great values of the Paris stock exchange. For specialists Global Equities weakness of this volume reflects the renewed investor caution since the crisis erupted Greek.

Other stock markets retreated in unison in London, the FTSE lost 0.41% and in Frankfurt the Dax dropped 0.14%. As for the European indices, the Euro Stoxx 50 has dropped by 0.50%. Ambiance also mixed with the NYSE that, having opened in the red was just the balance.

The ill wind is once again came to the United States, where the publication of several indicators has revived questions about the pace of economic recovery. The labor market appears to be stabilizing if it remains at extremely low levels. Investors are also skeptical about the latest statistics from China. Industrial production rises, but at the same time inflation is accelerating and that credit is increasingly scarce. For Christian Parisot, an analyst at Aurel if "fears of overheating were revived, the dynamism of China's growth is positive for the global economy."

In Paris, the securities industry, including specialist materials such as Eramet (-2.56%) or Arcelor Mittal (-1.65%) were in pain."We now prefer to stay away from those sectors most exposed to emerging countries" explain strategists Aurel BGC. According to them, these titles have been among the main drivers of rising markets last year are now offering a limited but potential increased risk. The values considered defensive shot, however, hold their own, like Carrefour (1.47%), GDF Suez (0.82%) or Arkema (-2.28%).

lefigaro.fr: A year ago, almost to the day, you said that "it was time for the truth about Natixis. How did you welcome the confirmation by the AMF (AMF) by sending a notice of objections to Natixis?

Colette Neuville: This is a new good, which will complete our complaint. But there will still be some way to go because, although Natixis has to be sanctioned, it will compensate the victims. The shareholders want compensation before any other words, recover some of their money.

If one assumes that the losses of shareholders are due for half to the general fall in stock markets, should implement a procedure that allows them to get half the introductory price (19.55 euros), or 10 euros.One might ask why the Banques Populaires and Caisses d'Epargne to buy Natixis shares they sold to the public offering in exchange for an IOU in the form of bonds or other securities composed of an amount of 10 euros. I

the need bear in mind that these are nearly 3 million shareholders who have lost 80% of the 5 billion they have invested in this case. It is the political and financial scandals have made the most victims in France. We for our part before the Prosecutor of the Republic there is a little over a year and, for now, we had no return. The only merit of our complaint so far is to have interrupted prescription.

Probably for political reasons and timing, the state has not seen fit to punish Natixis.

It seems that the French government considered that it was not appropriate to shed light on the matter Natixis when he put forward the behavior "virtuous" French banks during the crisis under their European and American counterparts. But he did not respect the principle of separation of powers, but embodied in the Declaration of Human Rights and considered from Aristotle through Locke and Montesquieu Great Britain in France as essential for the proper functioning of democracy. So I look forward to the appointment of a judge who makes all the light and determines all the responsibilities on the scandal Natixis cash advance in one hour .

What do you expect from the MFA?

I expect the Sanction Commission (member of the MFA, Ed) it is not limited to information on complaints issued in October 2008, but it is seized of the whole affair since the beginning. Regarding the objections that have been transmitted, Natixis said it is not pursued by the MFA for disseminating false information. I note however that according to Article 223-1 of its General Regulations which the MFA refers "to inform the public must be accurate, precise and sincere." So although the AMF services consider that the information given by Natixis did not exhibit these qualities.

You are involved in Vivendi (1), and you are indignant at the action taken on the matter EADS (2).The case Natixis is it more serious than the other two? Do you think that the MFA will draw lessons from the EADS?

The Vivendi case and Natixis have in common is that many shareholders were victims of misleading information. But the case of Natixis is more serious because of the shameful organized canvassing by both banks to enjoy the confidence of their customers and sell their securities. Vivendi shareholders had they bought their securities without being specifically requested otherwise by the misleading representation of society.

As in the case EADS, the chairman of the MFA has publicly expressed the day after the pronouncement of the decision of the Sanctions Committee of its wish to be making appeals against decisions of the commission. I think it will ensure that a text quickly gives it this right, the logic of separation of powers.

(*) Association for the Defense of Minority Shareholders

(1) Colette Neuville is the origin of a class action against Vivendi and two of its former leaders, Jean-Marie Messier, former CEO and Guillaume Hannezo, former chief financial officer, accused of transvestite results group between 2000 and 2002.

(2) after three years of investigation, the AMF has cleared all officers of EADS.

The reproduction is better than output. In this season of activity budgets in 2009, from automobiles to zoos, most areas in the commune down. The numbers of births do not appear as brightest. INSEE has identified 821 000 last year, only 7 400 fewer than in 2008. This decline is described as "negligible" by demographers, not even "the line thickness. Especially that 2008 was a leap year, which was added mechanically 2 000 births, INSEE said.

The economic crisis it have no impact on family plans? "For the moment we receive no effect, confirming France Prioux, a researcher at the INED (National Institute of Demographic Studies). This is not the case in South Korea, which announced a fall of 4.4% of births in 2009."More and more people were delayed or canceled their wedding plans during the recession," he told AFP Kim Dong-hoy, head of population studies. The Land of the Morning Calm, with Singapore and Taiwan, who is experiencing the lowest fertility rates in the world (1.15 children per woman of childbearing age).

In the U.S., it is allowed since last summer that the crisis will lead, as is customary, by a decline in births. Only data for 2008 are known, and they show a decline of almost 2% over 2007 (4 247 000, a record 50 years), according to the National Center for Health Statistics. Across the Atlantic, economic cycles and demographic change strictly in parallel, as evidenced by the four previous recessions (1974, 1981, 1991 and 2001).

This determinism is understandable in societies where birth control is more the rule than the exception.The Ireland still offers a cons-almost perfect example. The country traditionally more pronatalist in Europe – 16.9 newborns per thousand inhabitants per year, against 13 in France and 8.3 in Germany – has suffered the most severe recession in the euro area. Despite a fall of 7.5% of GDP last year's births increased 1%, according to estimates by the Directorate of Health. Explanation of the Central Statistics Office: the baby-boom years of 1980, which followed the entry deDublin in the European Union, have become parents.

The problems of income and unemployment are not always the enemy of babies. Some even see an incentive. Gary Becker, Nobel Laureate 1992 and theoretician of the family economy, showed a woman who loses her job will be available to raise a child.And the "opportunity cost", as economists say – the income to which he must renounce – will be less than if she had voluntarily quit her job. Also in times of crisis, family values are rising and fertility recovered.

Demographers are nevertheless cautious about the resilience of the French birth rate. As the U.S. federal government last year amounted to 291 $ 570 "price" to raise a child to adulthood, our system of family assistance and public benefits makes probably the "investment" less risky for couples. History shows that despite all our demographic has always responded to crises. "The Great Depression of the 1930s had rarefied births, as the oil shock of 1973.The fertility rate (per woman) fell to its lowest level in post-war (1.66) during the economic recession of 1993, "says Ariane Pailh? in the social portrait of France (2009 edition ). Why would it do differently this time?

Let's bracket the explanation, very controversial, which gives dynamism to the French foreign families. False, according to Insee, "The share of children born to foreign parents, which amounted to 6.9% in 2008 has changed little from 1998 (6.6%). The reality is more mundane, as explained Gilles Pison, demographer at INED: "Since the baby boom of the postwar period, there is a fairly high stability of the predisposition of couples to have kids. What has changed is they have more later.Initially, it helped reduce the annual number of births, then do go through a process of catching up. "Thus the fertility rate is 1.66 children pressed in 1993 to nearly 2 today.

Economic Crisis Will it change the "desire for children? Another focal point on youth unemployment. "It could he delay the time when we" settled "and you have children? It is unfortunate that the records of Vital Statistics do not indicate the rank of new-born of each family. For on the number of first births that the crisis could have the greatest consequences, "warns France Prioux. It is unlikely that France soon lose its leadership position population of the European Union.It hosts over 800 000 babies a year when Germany's powerful product in less than 700 000, despite reproductive capacity but much more numerous untapped.

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"DOCUMENT – The demographic results 2009 (insee.fr)

It is the global rush on atomic reactors. Nicolas Sarkozy opened Monday morning an international conference on access to civilian nuclear technology that would bring together a thousand participants including some forty foreign ministers and the new Director General of the IAEA (International Atomic Energy Agency), Japan Yukiya Amano.

Not less than sixty States have shown in recent years with the Vienna their desire for nuclear reactors to generate electricity payday advance online . "The expectation in these countries is very strong," said an organizer of the conference. Iran and North Korea, which have violated their international obligations, have not been invited to Paris, unlike Syria and Libya.

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Osamu Masuko and Philippe Varin has been clear at the motor show in Geneva: the respective presidents of Mitsubishi Motors and Peugeot have refused any alliance capital, which they deemed "inappropriate."

The outcome was expected, since some sources close to the matter had acknowledged that the proposed strategic merger was stalled. The French manufacturer had to be majority stake in its Japanese counterpart.

But the results from Mitsubishi – the Japanese carmaker reported Wednesday a net loss of 25.7 billion yen (195 million euros) over the first nine months of fiscal year 2009-2010 decreased by 29 3% – and the level of recovery action deemed "overvalued" by PSA eventually convince a capital alliance would not be appropriate.Philippe Varin, outside the motor show, said he wanted to maintain "financial strength" of the group.

PSA was confirmed in December of discussions for a "strategic partnership", according to information from the Japanese press that the French group was preparing to buy 30 to 50% stake in Mitsubishi Motors.

Both manufacturers have nevertheless confirmed that they will continue their industrial cooperation, particularly in "the environment and products," said the president of Mitsubishi. In an interview with Echos on Wednesday, the president of PSA has raised the possibility of building with the Japanese automaker a "small car, which is sold under our three brands, like the 4×4 today.

The French automaker announced last February 10 a net loss of 1.161 billion euros in fiscal 2009, more than three times more than the 363 million euro loss a year ago. The turnover amounted to decline from 10.9% to 48.417 billion euros.

Mitusbishi Motors closed up 0.76% at the Tokyo Stock Exchange gained 0.31% to 10,253 points.