Sep 27 2011

"Against the maintenance hood"

Tag: economic, events, life, news, technologyadmin @ 3:44 pm

"Against the interview hooded" by Cadremploi

What remains of it bias? It was a theme of Jean-Marie Le Pen there twenty years. It was the time when the country was not hit by the consequences of globalization. The stranger was a threat, he had just "eat the bread of the French."

Years later, Marine Le Pen took over the torch gently but one senses that the heart is gone. Difficult to show the French that limiting immigration would be freed up more spaces for "national". If immigration remains a favorite theme of the National Front, it seems that even the Navy Pen no longer believes in national preference in the fight against unemployment.Admittedly, equivalent jurisdiction, it says it will recruit French, but it does not tell a foreign jurisdiction, provided, of course, it is in good standing.

The way forward in the field of employment shows that some backward-looking arguments are less popular in the far-right party no faxing payday loan. It is the same for the wage-feeding. If her father was attached, it was clearly because a society where women care for children was more consistent with his vision of the family. Her daughter from this point of view is more modern. For her the work done by women at home must be paid but they willingly leave the choice to work.

In this regard, Marine Le Pen is a woman of her generation.Remains the personality that emerges from the maintenance and which is finally consistent with the public image of the candidate: she does not like bent (those "curves"), requires that he realizes (management of the head ) and admits that it would be difficult to work with a personality as strong as hers and complainer. In the end, the heiress gives the impression she is quite capable of leading the small family business, which does not mean that it is able to run a government. That's another job, and it does not only depend on her.


Sep 21 2011

Monaco: successful challenge to the marriage

Tag: economic, online, people, publications, traveladmin @ 1:20 am

Albert II of Monaco and Charlene Wittstock reported close to the rock. The royal couple, who has said yes last July, allowed Monaco to garner nearly 10 million. The celebrations, which took place over three days, had in fact cost 19.578 million euros (paid by the State of Monaco to the tune of 9.178 million and 10.4 million in the Palace). But the direct and indirect economic benefits are, they estimated at 29 million euros, according to the Institute of Statistics Monaco (IMSE).

Direct benefits, which include expenses related to the organization made in the Principality, were valued at 14.9 million euros.According to the Minister of State Michel Roger, "76% benefited local economic entities", ie the sectors of hotels, restaurants, service providers and equipment supply.

The indirect benefits generated by visitors and participants in various events during the wedding, have immediately helped raise 4.6 million euros (2.5 million are still went to the restaurant, 1, 5 to 0.6 million hotel and derivatives such as objects and stamps). In the long term, they need to generate about 9 million.

"Capitalize" on these benefits

For Monaco and its 35,000 inhabitants, the bet seems successful. This marriage has given a boost to a tourism industry that marked the coup in 2009.The Tourism Monaco confirmed a very good month of July: "The Principality has 75,000 monthly overnights. In July, 80% of them were occupied, "said a statement citing" great numbers that exceed the reference years were 2007 or 2008. "The Oceanographic Museum and its exhibition "Story of the Royal Wedding" shows the tourist craze sparked by the marriage of July as recorded 100,000 visitors in less than a month.

To maximize the benefits for the long term, officials are working on Monegasque a special program named "Monaco, the world capital of romance" with the goal of "capitalizing on the benefits of international royal wedding and set up a course marriage," said Bouquier Michel, the Commissioner General of Tourism.

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Sep 13 2011

Sarkozy is expected to speak on the euro this afternoon

Tag: Uncategorized, economic, events, features, publicationsadmin @ 7:32 pm

Nicolas Sarkozy could be expressed in the late afternoon, after his meeting with Herman Von Rompuy, confirmed Tuesday morning in his entourage Figaro. It would only be a few minutes of intervention, on the steps of the Elysée with President of the European Council. "Nothing is confirmed yet," says one, however. "It will also depend on market developments in the day," says an adviser.

While a government source announced the "initiatives" to support Franco-German Greece to face serious funding problems of its debt, the Elysee Palace denied."There will be no Franco-German initiative today," said the president requested by the AFP, saying also that no decision had been made about a possible speaking of Nicolas Sarkozy to Following his meeting scheduled at 17 am (Paris time) with the President of the European Union Herman Van Rompuy.

The Elysee was also opposed to a very firm denied rumors that a scenario out of Greece to the euro would be discussed at the Elysee. We emphasized above all the character "drama" of this to the Greeks themselves, but also for the euro area.

"To ensure compliance with the commitments of the July 21"

"This is not a desirable solution, we do nothing to make it desirable," confided a senior official Monday night Elysian following folder every minute."We try to be consistent: we are about to present to Parliament the rescue plan that was decided on 21 July in Brussels. We do not prepare in the wings is another scenario that would offer the exact opposite, "he continues.

The state still remains fragile in which finances are Greek, "We try to convince them to do everything to achieve compliance with the commitments of July 21," says this source. Tuesday evening, the Head of State may wish to print this message in a clear and solemn.


Sep 03 2011

Stade Lille: financial uncertainties caused by delays

Tag: economics, economy, international, life, opinionsadmin @ 3:08 pm

After the strikes, the seismic risk. The difficulties accumulate in building long-awaited Grand Stade Lille. Started in September 2010, work could take longer than expected, due to a change in the classification of the site northerner on the scale of seismic standards. Since the entry into force on 1 May new standards of seismic hazard of the site hosting the future stadium is indeed changed from "no" to "low".

What put a little more at risk delivery, planned for July 2012, the sports arena of 50,300 seats (against about 17,000 for the current Stadium north of Villeneuve d'Ascq). Peter Berger, the executive director of Eiffage, the construction group in charge of construction of the building, has even called him on Thursday of "non-zero" probability that the works are delayed.Concern, as the club relied on Yankee start next season in its new enclosure.

Delays are common

"Overall, the case of clubs, a stadium delivered on time is a rare occurrence, says Michel Desbordes, a sports marketing specialist and author of neo-sports marketing. Apart from international competitions, where the issues of image of a country are important, it is very common that a project is continually delayed. Even Olympique Lyonnais (OL), whose business model is currently considered the most effective, has difficulties in advancing the Stadium of Light. "

For France champion football title, the expected financial impact of this new project could be delayed."Arsenal, whose business model is comparable to the LOSC, saw its sales jump 58% in the year of commissioning of its new stadium, the Emirates Stadium during the 2006/2007 season "Michel Desbordes analysis. Extrapolating this example to the club Lille, LOSC could see its sales jump by over 37 million, compared to the estimated budget of 75 million euros for the 2012/2013 season. It would be similar and even more of the OL and its 160 million annual budget.

Less attractive media

The delays do not affect these numbers, especially as the additional time construction should be limited to a few weeks totally free credit score. But "it would deprive the Losc its new stadium for a season, warns Michel Desbordes.Although the Grand Stade Lille Métropole was delivered in December 2012, it could not be put into service before the next season or in 2013/2014. " In addition to the shortfall in terms of ticketing, LOSC would be so deprived for a few more months of additional revenue related to greater media exposure. However, this parameter now weighs about a third of the money collected by the clubs under the TV rights. According to the blog dedicated FootBiz, they would have amounted to 42.5 million euros for the champion of France for the 2010/2011 season.

Moreover, competitive sports club could be undermined, some players have taken into account in their decision to remain at the club northerner, the prospect of work in a stage art and visibility.

In addition to these issues difficult to quantify financial benefits, harm the most accurate for the club remains the additional invoice from new technical requirements. According to information Chained Duck, the additional cost compared to 324 million euros expected, would reach nearly 100 million euros.

From this point of view, Eiffage and the urban community of Lille Métropole pass the buck, saying it is not their responsibility to support the financial consequences of a decision state. The construction group, however, should think twice to avoid blocking the progress of work in such a status quo could result. Last June, the Polish city of Bialystok has decided unilaterally to break a contract for close to 40 million euros to build a football stadium, citing delays too great. Eiffage challenging a decision.

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Aug 12 2011

The Paris Bourse is looking for a trend

Tag: economic, online, opinions, resources, top newsadmin @ 7:00 pm

European stock exchanges succeed they continue their rebound started the day before? Nothing is less certain on Friday morning, when the index in Paris fell into the red immediately after opening up 0.17%. Ten minutes after the opening, the Paris index yields 1.59% to 3040.59 points. Frankfurt and London have opened in the red: the Dax yield 0.64% to 5760.41 points and the FTSE-100 lost 0.70% to 5126.81 points.

Thursday, ACC closed up 2.59% to 3089.66 points, after falling in mid-session. The day before, he had plunged more than 5%.The same volatility dominates in Frankfurt the Dax closed Thursday up 3.28% and in London where the FTSE-100 index gained 3.11%.

Investors should prove once again nervous at the end of a week marked by extreme market volatility, which saw the CAC 40 push the psychological threshold of 3000 points during trading Thursday before returning to the colors. Investors were reassured by the announcement of a meeting between Nicolas Sarkozy and German Chancellor Angela Merkel on August 16 to issue joint proposals on the governance of the euro area. In addition, U.S. markets were supported by two good indicators of the jobless and real estate. Wall Street has ended sharply higher: the Dow Jones has gained 4% and the Nasdaq 4.69%.

Despite the ban on short selling in the securities of eleven banks and insurance companies to counter the extreme volatility of the stock market values. Still, banking stocks are still abused in the image of BNP Paribas, which issued a statement Thursday night to reaffirm the strength of its capital, Societe Generale and Credit Agricole.

No growth in the second quarter

On the macroeconomic front, INSEE reported this morning from zero growth in the second quarter in France (0 saving account payday loan.0%), against an increase of 0.9% in the first quarter. Inflation also slowed: the consumer prices fell by 0.4% in July, resulting in an increase of 1.9% over the year (against 2.1% from June 2010 to June 2011 ).

Oil is, meanwhile, resumed its decline in trade in Asia, having recovered Thursday in the United States.In morning trading, a barrel of "light sweet crude" lost 47 cents to 85.25 dollars and that of Brent North Sea fell by 57 cents to 107.45 dollars.

Other values ​​to follow, Carrefour pulls out of the game: the title ahead of 3.32% to 18.53 euros. U.S. giant Wal-Mart have mandated UBS to investigate the acquisition of the Brazilian subsidiary of French retailer, according to Reuters, citing a source familiar with the matter.

Goldman Sachs lowered its recommendation on Lafarge (-0.62% to 28,835 euros) and withdrew the title from its list of recommended values ​​in priority to the purchase.The intermediary has instead built his list to Saint-Gobain (0.55% to 32.975 euros) and Vinci (-0.30% to 34.36 euros).

Europacorp (0.63% to 3.22 euros), the production company of Luc Besson, Thursday reaffirmed its goal of a return to balance for the current year, despite a sharp decline its turnover in the first quarter.

Derichebourg (-1.05% to 3.489 euros) Thursday confirmed its target of improving its annual net income, after recording a sharp increase in sales over the first nine months of the year.

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Jul 25 2011

The Paris Bourse concern by the United States

Tag: business, economic, international, people, resourcesadmin @ 10:32 am

Back in the red for the Paris Bourse. At the opening on Monday, the CAC 40 index drops 0.76% to 3813.50 points. Just relieved by Greece, where the leaders of the euro area have managed to agree on a rescue plan, investors are concerned about the United States. The elected representatives of the U.S. Congress again tried Sunday to reach an agreement on raising the debt ceiling, but without success.

While the Speaker of the House John Boehner had slammed the door to negotiations with the White House on Friday night, negotiations continued behind the scenes throughout the weekend between the Democratic allies of President Barack Obama, the Senate majority and their Republican opponents, who control the House of Representatives. But John Boehner told his troops on Sunday night that no breakthrough had yet been obtained.The head of the Republican majority in the House, Eric Cantor, considered the arguments of President Barack Obama "politics and indefensible."

The situation becomes very tense nine days of the deadline mentioned by the Treasury before a default. This morning, this concern has led to a relapse of the Asian markets. For their part, the U.S. markets, which had already ended Friday without direction, were on the downside Sunday night in electronic trading at the end of the weekend.

Greece is also in the news: Moody's today lowered the country's sovereign rating of "Caa1" from "It" with a development, saying the country was still facing major challenges medium-term credit.

Oil down

On the currency side, the dollar is penalized. The euro is rising against the greenback at 1.4367 dollar.Oil is also down. In morning trading, a barrel of "light sweet crude" for August delivery lost 1.08 dollars to 98.79 dollars. That of Brent North Sea crude for September delivery lost 60 cents to 118.07 dollars.

The American situation is also the only concern when no market indicator is expected on Monday.

Values ​​to follow

Areva: -1.83% to 24.88 euros, EDF: 0.28% to 27.24 euros

The new president of Areva, Luc Oursel, who succeeded Anne Lauvergeon end of June, will make his first official Monday by hosting one of its plants EDF's CEO Henri Proglio, showing the warming of relations between the two groups. EDF and Areva have signed an agreement at that time technically and commercially, prior to a more ambitious partnership signed in September payday advance.

Banking

Crédit Agricole (-1.87% to 9.25 euros), BNP Paribas (-1.75% to 47.96 euros), Societe Generale (-1.75% to 37.41 euros), Axa (-1, 60% to 14.10 euros) suffer from degradation of the note of Greece by Moody's.

Axa, while welcoming the agreement reached by EU leaders on Greece, the insurers of the French Federation of Insurance Companies (FFSA) said they consider positively their participation in the project initiative of private investors in As part of the options.

Score: -0.24% to 18.50 euros

The reinsurer Scor said on Monday a 22% growth in constant currencies, the treaty renewals in non-life and specialties of the 320 million of premiums up for renewal in mid-year.

Saint-Gobain: -0.69% to 42.18 euros

The group will buy the network and Brossette Build Center in Wolseley.

Unibail-Rodamco: 0.51% to 158.30 euros; Klépierre: -0.13% to 27.14 euros

HSBC has initiated coverage of Unibail-Rodamco to "overweight" with a target price of 175 euros and raised its recommendation on Klépierre to "underweight" to "neutral."

LVMH: 0.08% to 129.35 euros

Consob is considering a complaint from an investment fund over the price offered to pay the French to buy the balance of Bulgari, confirmed Sunday a spokesman for the Italian stock market.

Total: -0.11% to 39.41 euros

The oil amounts to ten billion dollars (seven billion euros) of investment needed to develop the oil field north of Moho Bilondo off the coast of the Republic of Congo, said its CEO, Christophe de Margerie.

Valeo: -3.94% to 45.35 euros

The group announced Friday that its U.S. subsidiary Valeo Inc., based in Troy, Michigan, had received a request for information from the U.S. court as part of an antitrust investigation.

Fimalac: 0.29% to 27.90 euros

The group announced a sales increase of 11.9% on a comparable basis to 515.8 million euros in the first nine months of fiscal year 2010-2011.Its subsidiary, the rating agency Fitch Ratings has led to an increase of 11.7% of its turnover over the same period to 401.5 million euros.

After market, Seb and Klépierre publish their half year results, April Group will announce its earnings for the second quarter, Faiveley the first quarter. Mercialys and STMicroelectronics will publish their results for the second quarter.


Jul 15 2011

Baroin: "France has the confidence of investors"

Tag: Uncategorized, economic, international, resources, specialadmin @ 9:52 pm

LE FIGARO: – Earlier this week, you have participated in the meeting of the Eurogroup and Ecofin, the decisions taken are sufficient to stop the crisis?

Baroin: – The message that the Eurogroup has this week sent a strong message. The finance ministers of the euro area have confirmed their absolute commitment to safeguard financial stability in the area. The tools we have, I think of course to the European financial stability, will be of use will be more flexible and less costly for the recipient countries. We also reiterated our commitment to conclude as soon as possible a program that covers the financing needs of Greece for three years.

Greece, Portugal, Italy, France is currently immune to this crisis.Do you fear a contagion affecting our country?

Thanks to the reforms carried out and control of public finances that we pursue with determination, France, like Germany, has the confidence of investors on our sovereign debt deemed safest. France is indeed one of the seven countries in the euro area receiving the highest rating. This lowers the cost at which borrows France. Of course, we can not satisfy disruption affecting the markets for several days.

What are the flexibilities of the presidential candidates subject to the supervision of rating agencies?

There is no doubt that some projects are completely out of time exceeded. To that of PS, I will be tempted to say, it is worn, tired, to paraphrase one of their former candidate.It is unrealistic, if not more, in 2012, to propose the creation of hundreds of thousands of public employment. It is irresponsible with regard to the preservation of our growth to provide a fiscal impact of an increase of 50 billion euros in taxes.

Bertrand Delanoe suggested a special tax on high incomes to reduce debt the state …

We are totally opposed to the creation of an upper marginal tax on income. As part of the tax reform that I reach we have ruled out this hypothesis. A working group will be in the coming days to establish, in the draft 2012 budget law, a contribution on income from extraordinary or extravagant as stated by the Prime Minister. It's a big difference with a windfall tax on the income desired by the Socialists.This is not the same political project.

The Finance Act provides 3 billion saving on tax loopholes. This will be enough?

Again, our goals are intangible and deficit are the backbone of the construction budget. It is very likely that we will go through the Finance Act 2012, beyond the three billion reduction in planned niches. At what level should we stop. There is still a bit early to say but that is where we are heading.

Martine Aubry accusing the Elysee Palace to spread rumors about his private life …

As a candidate in the presidential election went a bit unnoticed, to give relief to its trajectory, it targets the Elysée and the UMP.It's a bit ridiculous.

It is a sign of weakness?

If you add up the silence that followed the important announcement of his candidacy, that sense of unseen, the socialist project, and now this news on rumors, I do not think it is up to the challenges that France will through next year.

How to convince Borloo not be a candidate in 2012?

It's very difficult to explain that we are stronger by being divided only by being united! It is very difficult to explain that participated in the affairs of the country for so long and be an alternative project.Therefore I think it will be very difficult to find a chamber at the presidential majority as the election period will need to gather all the forces present in the majority in the service of Nicolas Sarkozy.

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Jun 24 2011

Capgemini made its first acquisition in China

Tag: Uncategorized, business, economics, finance, peopleadmin @ 8:16 pm

It is a small operation, but that announcement probably others. By unveiling this morning the acquisition of Chinese Praxis Technology, a small computer services company and consultancy, Capgemini wants to kick off an acceleration of development in emerging countries. For this operation, the SSII makes its first acquisition in the Chinese market, and strengthens the services sector to "utilities" (energy, industry, etc..). Praxis Technology conducted in 2010 about 5 million in sales and employs 110 employees, Capgemini said in a statement, without revealing the amount of the transaction.

The emerging strategic priority

Capgemini has already begun to enter the Chinese market. Still a marginal presence, this area focus less than 5% of its overall activity."Capgemini's ambition to expand in China, the second largest economy, and this organically and through acquisitions," says management. The company hopes to benefit from the strong annual growth of the Chinese IT market (14.1% between 2009 and 2014) business card design. "Given the sustained and rapid economic growth is a priority market," said Gilles Taldu Moreover, new business manager at Capgemini. The acquisition will be financed by net cash and is expected to close soon.

In addition to this acquisition, Capgemini's global strategy looks to emerging markets. In September 2010, the IT services company had already announced the acquisition of CPM Braxis, the leading Brazilian IT services. This speech proactive, and the announcement of the acquisition of Praxis Technology have attracted investors.Especially across the Atlantic, Accenture, Capgemini U.S. competitor announced tonight quarterly results better than expected and raised its profit forecast for 2011. What a glimpse of a more favorable market environment expected. At the Paris Bourse, the title of Capgemini jumped 4.24% to 10.30, the highest increase in the CAC 40 in a market up 1.70%

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Jun 02 2011

Sepp Blatter's re-election to the Fifa smells of sulfur

Tag: economics, features, online, top news, worldadmin @ 11:04 am

Bulky Bin Hamman and Warner
Except turnaround unlikely, Sepp Blatter was re-elected for the third time as President of FIFA in Zurich Wednesday. It is not difficult to predict because the Swiss, who directs the proceedings since 1998, is the only candidate since the withdrawal this weekend in his last opponent, Qatari Mohamed bin Hammam. A forced withdrawal and the scent of scandal. President of the Asian Confederation, Ben Hamman has indeed been provisionally suspended by the Ethics Committee of FIFA because of suspicions of corruption against him. Jack Warner, CONCACAF President, Vice-President of FIFA, and support shown by Ben Hamman was also temporarily suspended for the same reasons. The two men are suspected of attempting to buy the votes of the Caribbean Confederation (CFU), which they strongly refute."I deny the allegations that I made statements to the CFU on donations from Mr. Bin Hammam," asserted Jack Warner in a statement while saying, however that "in Miami, the Congress of the Concacaf May 3, Mr Blatter had donated one million dollars to our federation, "without the consent of the finance committee of FIFA.

A gift for which an investigation had been opened before it was quickly closed by the money outright Blatter any accusation of corruption by the Ethics Commission. A past president quickly cleared and a final opponent suspended, the unfolding of events may leave pensive and may suggest that FIFA is the realm of small arrangements. Especially when the case comes just weeks after revelations of the British weekly Sunday Times about the allocation of World Cup 2022 in Qatar.Especially so when a vice-president of FIFA accredits these revelations by making public the contents of an email sent by Jerome Valcke, FIFA general secretary and confidant of Blatter. "For MBH (Editor's note: Mohamed Bin Hamman), I've never understood why he was entering the race. Or so he thought that one can buy FIFA as the Qataris have purchased the World Cup, "Valcke reportedly wrote in an email sent to Warner!

Blatter on the royal road
A blow to Blatter camp when the Swiss campaigned on a zero tolerance towards corruption.But Jerome Valcke has justified his writings stating that "it can happen to employ a less formal tone when I use this medium which by its nature, encourages exchanges" lighter "than other forms correspondence "and that" in referring to the FIFA World Cup 2022 in this e-mail, I wanted to highlight that the future host country had used its financial strength to rally much support (…) I n 'I at no time refers to the buying of votes or any behavior inconsistent with the rules of ethics. "Sepp Blatter, he is right in his boots remained Monday at a press conference in emergency to try to extinguish the many fires in the house FIFA.

"We must fight the demons, there's a bad situation, but there will be an elective congress on Wednesday and the family of football, if it wants to restore the credibility of FIFA, can do with me," Blatter said, refusing to evoke the decisions of the Commission on Ethics ("I'm not allowed to comment") and denying the existence of a crisis within the federation he heads ("football is not crisis when we see the final of the Champions League, he just some difficulty "). So everything is for the best in the best of worlds for Blatter whose reelection is no longer any doubt.Because on the eve of polling, it is unclear how the appeal of Bin Hamman, the request for postponement of the FA made on Tuesday or calls for reform from places like Australia (Editor's note: England and Australia respectively were candidates to host the World Cups 2018 and 2022), could prevent the Swiss to begin a fourth term. Starting what happens under the sign of the scandal …


May 31 2011

CFDT: A strike fund has 137 million

Tag: business, money, news, special, technologyadmin @ 5:00 pm

A revolution! For the first time, trade unions and employers are required this year to prepare and publish consolidated accounts but also to be certified, if their income exceeds 230,000 euros. The MEDEF has outstripped the obligation, which certify its accounts since 2007, and the UIMM (metal) also holds itself to the year since the scandal of cash withdrawals that hit her.

Side unions, the CFDT is the first to meet that obligation, after the 2008 law on union representativeness. Confederation (the parent) and its 16 satellites are to publish their consolidated accounts for 2010, while his federation will do so before the end of the year.By law, the regional unions and department have postponed for a year and large enterprise unions (La Poste, SNCF …) two years.

According to these consolidated financial statements approved by the National Council and certified without qualification by its auditors, the resources of the confederation headed by Francois Chereque are for three quarters, "internal" membership fees, rents paid by unions from premises belonging to the "conf" financial products … Revenues "external" (public subsidies, 25 permanent paid by their company or home administration of a total of 262 …) represent the remaining 24%.

CFDT confederation, if it were a business, could be described as largely unproductive, as its net profit reached 3.4 million – although down 34% year on year. This "benefit" is fully distributed.Much is destined to the national industrial action (CNAs) – the credit union's anti-strike which is used to compensate the militants and to provide legal support – including reserve amounts to 137 million. This year, 550,000 euros have been set aside to fund the convention of 2014 and 350,000 for the campaign (especially industrial tribunal) to come.

"A subject opaque"

This transparency is not enough new to the group New Center of the Assembly, which has asked a commission of inquiry into the financing of trade unions. "I feel that the unions want to hide things," says Nicolas Perruchot, deputy of Loir-et-Cher.There is little evidence available to us and it is time to shed light on this mat. "

For him, it would be for an organization that benefits from public funds – or militant training grants management of social organizations – accountable. "We know how Nicolas Sarkozy wins or not, but Bernard Arnault Bernard Thibault and Francois Chereque, insists this white knight of the Finance Committee. It is not known how many permanent, by whom they are paid or how the detachments. The member cites the figure of 600 employees seconded to the station."Is it still corresponds to a need for the company when it is struggling to finance infrastructure?" Asks the member hoping to complete its investigation in spring 2012.

Nicolas Perruchot answers on video:

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