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	<title>Financial, Business, Personal Finance News &#187; profitable</title>
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		<link>http://elinorcaplan.com/291/</link>
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		<pubDate>Tue, 29 Nov 2011 13:55:10 +0000</pubDate>
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		<description><![CDATA[This is what the UMP Hervé Mariton. The Liberal member for the Drôme also wish not to replace two out of three employees retiring. Manifestation officials Paris in January 2009.
 The former UMP minister Hervé Mariton calls Tuesday to increase the working time of officials &#34;without additional compensation&#34; and not to replace, for three years, [...]]]></description>
			<content:encoded><![CDATA[<p>This is what the UMP Hervé Mariton. The Liberal member for the Drôme also wish not to replace two out of three employees retiring. Manifestation officials Paris in January 2009.
<p> The former UMP minister Hervé Mariton calls Tuesday to increase the working time of officials &quot;without additional compensation&quot; and not to replace, for three years, two out of three employees who retire, two against one now. The Liberal member for the Drôme this Tuesday night on behalf of his political club Reform and Modernity, 24 proposals to be the presidential debate of 2012. </p>
<p> One suggestion is to increase the working time of employees without additional compensation.The increase in working hours would be modulated depending on the grade: an extra hour per week for officials in grade C (lower level), two hours in class B and three hours in Category A. </p>
<p> Hervé Mariton also wants to go beyond the rule of non-replacement of an official two retiring, established in 2007 by the government. It offers up to two of the three officers for three years. He also wants to convert some officials to &quot;priority tasks&quot; and launch a RGPP (General Review of Public Policy) &quot;local&quot;. </p>
<p> Among his other proposals, Hervé Mariton wants to &quot;prohibit&quot; any public aid to enterprises, &quot;except for research,&quot; &quot;decentralize&quot; employment center and introduce &quot;a quarter of alternation,&quot; &quot;mandatory and paid&quot; at the end of class first.</p>
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		<title>Italian rates soared again to 7.2%</title>
		<link>http://elinorcaplan.com/italian-rates-soared-again-to-7-2/</link>
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		<pubDate>Fri, 25 Nov 2011 12:25:06 +0000</pubDate>
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		<description><![CDATA[Interest rates on debt italiennent again flirt with record highs. The rate stood at ten this morning at 7.24%, close to the recent record of 9 November when it reached 7.48%.
 The bond rate to ten years in Italy continued its flight Friday morning, dangerously approaching its record high, while Rome was able to borrow [...]]]></description>
			<content:encoded><![CDATA[<p>Interest rates on debt italiennent again flirt with record highs. The rate stood at ten this morning at 7.24%, close to the recent record of 9 November when it reached 7.48%.
<p> The bond rate to ten years in Italy continued its flight Friday morning, dangerously approaching its record high, while Rome was able to borrow 10 billion euros in the markets but at astronomical rates. Around 11:45, the yield stood at 7.247% Italian, against 7.081% at the close Thursday. He had reached Nov. 9 the highest since the creation of the euro area to 7.483%. </p>
<p> A borrowing rate of 7% is considered unsustainable in the long term by experts for a country to be able to honor its debt. &quot;The award has not gone well, which puts further pressure on Rome and its new government,&quot; said Cyril Regnat, bond strategist at Natixis.</p>
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		<title>Gervais Pellissier DG appointed delegate of France Telecom-Orange</title>
		<link>http://elinorcaplan.com/gervais-pellissier-dg-appointed-delegate-of-france-telecom-orange/</link>
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		<pubDate>Wed, 26 Oct 2011 21:25:06 +0000</pubDate>
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		<description><![CDATA[France Telecom announced Wednesday the appointment of Gervais Pellissier for the position of Chief Operating Officer and the appointment of three new deputy directors-general. 
 The appointments take effect on 1 November 2011. 
 Gervais Pellissier will retain his position as executive director in charge of finance and information systems group, is it said in [...]]]></description>
			<content:encoded><![CDATA[<p>France Telecom announced Wednesday the appointment of Gervais Pellissier for the position of Chief Operating Officer and the appointment of three new deputy directors-general. </p>
<p> The appointments take effect on 1 November 2011. </p>
<p> Gervais Pellissier will retain his position as executive director in charge of finance and information systems group, is it said in a statement. </p>
<p> In addition, Group CEO, Stéphane Richard decided to appoint, with effect from 1 November 2011, Delphine Ernotte Cunca, Executive Director of Orange France, Pierre Louette, Executive Director in charge of the General Secretariat, Division France and Operators purchases and Bruno Mettling, Executive Director in charge of human resources.</p>
<p> Jean-Philippe Vanot, France Telecom has therefore now four deputies. </p>
<p> The action France Telecom closed Wednesday at 13.11 euros (0.69%). She lost 15.93% since the beginning of the year. </p>
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		<title>&quot;You have to remove the interest-free loan in the old&quot;</title>
		<link>http://elinorcaplan.com/you-have-to-remove-the-interest-free-loan-in-the-old/</link>
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		<pubDate>Fri, 21 Oct 2011 20:55:13 +0000</pubDate>
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		<description><![CDATA[Faced with the housing crisis, Marc Pigeon, president of the federation of real estate developers, advocates PTZ redeploy funds to benefit the construction of new housing. http://www.flickr.com/photos/jeanlouis_zimmermann/271745826/sizes/z/in/photostream/ You publish a white paper under the title The housing priority for the Republic. Is it a guide to good ideas for presidential candidates?
 Why not? What is [...]]]></description>
			<content:encoded><![CDATA[<p>Faced with the housing crisis, Marc Pigeon, president of the federation of real estate developers, advocates PTZ redeploy funds to benefit the construction of new housing. http://www.flickr.com/photos/jeanlouis_zimmermann/271745826/sizes/z/in/photostream/ You publish a white paper under the title The housing priority for the Republic. Is it a guide to good ideas for presidential candidates?
<p> Why not? What is certain is that the current situation is no longer tenable. We are in a deep housing crisis that it is imperative to get out. Housing is on average nearly a quarter of the household budget, a record.Between 2000 and 2010, the purchasing power of households grew by 43%, while new home prices jumped 84% and those of existing homes soared by 241%! This discrepancy between the increase in household incomes and rising house prices is no longer eligible. Why this situation? When you look over a long period, there was only after a vigorous effort for building the &quot;Thirty Glorious Years&quot;, a break occurred during a decade (1975-1988) where the number of homes built has remained well below changing needs. It is as if an unmet demand for housing was made that was never resolved thereafter, creating a persistent quantitative imbalance between supply and demand for housing.One solution to overcome the present crisis: build much more! For this, we must mobilize all the levers. </p>
<p> You state that the modification of zoning regulations is the first project that must be addressed?
<p> There is no point to heaps of money on the table if the planning rules do not change. Land use planning should be the keystone of the edifice. This means first a simplification in the process of granting building permits: we can divide the time by two. Then we have to stop wanting to build the city over the city. Instead, we must develop new urban spaces. Grounds exist. Look at the periphery of city centers, there are always lots available to build new shopping centers. Why not build there, of new housing by bringing all the necessary public services.This can be done since France is a country in Europe or the population density per square kilometer is the lowest in Europe. </p>
<p> Should we return to the products of tax exemption?
<p> No. But it can not happen today financial resources of the private investor to build more. But it is absolutely necessary condition these tax benefits. More rents out these programs will be low, more tax benefits will be significant. That&#39;s an interesting idea to take off social housing or intermediate. </p>
<p> Precisely, one of the evils of this crisis is the blocking of social housing. How to get out?
<p> It is true that the system of social housing is completely blocked: the gap between rents and those of the public park private park is so huge that people refuse to leave a public housing even when their family or financial situation would allow the.Where waiting lists and the freezing of rotations. We must break this deadlock. The idea is to create private law firms, 50% owned by private companies and 50% by housing agencies. Their main objective is to develop a rental housing through: that is to say housing where rents are cheaper than in the private sector but more expensive than social housing. Families could then leave the park freeing HLM housing. One could imagine a system where after ten years, tenants become owners of their homes. With this system, social housing finds its primary function: housing the poor. </p>
<p> Unlocking the social home ownership?
<p> In 1990, the lower fringe of the middle class represented 80% of home buyers. Today, they are more than 30%.Therefore restoring the purchasing power of these households. We spend huge sums in interest-free loan without reaching resolvabiliser these households. I propose that the 1.3 billion spent in the financing of PTZ in the former are redeployed. € 900 million could be spent to finance the construction of new homes on the market with price caps and revenue caps for buyers. The remaining 400 million could be used to fund social home in the former in exchange for renovations heat. </p>
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		<title>Inflation to a peak of three years in September in Britain</title>
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		<pubDate>Tue, 18 Oct 2011 22:55:05 +0000</pubDate>
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		<description><![CDATA[Inflation in Britain has reached its highest level for three years in September, according to official figures released Tuesday. 
 The National Statistics Office (NSO) said that consumer prices increased by 0.6% a month to month and 5.2% a year, their largest increase since September 2008 after 4.5% in August. 
 Analysts expected a 0.4% [...]]]></description>
			<content:encoded><![CDATA[<p>Inflation in Britain has reached its highest level for three years in September, according to official figures released Tuesday. </p>
<p> The National Statistics Office (NSO) said that consumer prices increased by 0.6% a month to month and 5.2% a year, their largest increase since September 2008 after 4.5% in August. </p>
<p> Analysts expected a 0.4% inflation a month to month and 4.9% year on year. </p>
<p> The ONS said the price increases by four of the six major utilities companies were included in the figures for September and that those of the two remaining ones would be in October.</p>
<p> The post electricity, gas and expenses jumped 18.3% year on year in September, said the ONS, while transport costs increased by 12.8%. The food prices have increased by 6% each. </p>
<p> The Bank of England (BoE) expects inflation of 5% this year, well above its 2% target, but the recent deterioration in economic outlook augurs a return in the medium-term objective the BoE, which is 2% annual rate. </p>
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		<title>Tokyo has revised downwards the country&#039;s economic outlook</title>
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		<pubDate>Mon, 17 Oct 2011 09:25:18 +0000</pubDate>
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		<description><![CDATA[The Japanese government said Monday it for the first time in six months, revised downward its assessment of the economic situation, saying the slowdown in global growth weighed on the pace of recovery in output and exports. 
 The study involved monthly in Tokyo ten days after the Bank of Japan (BoJ) left its monetary [...]]]></description>
			<content:encoded><![CDATA[<p>The Japanese government said Monday it for the first time in six months, revised downward its assessment of the economic situation, saying the slowdown in global growth weighed on the pace of recovery in output and exports. </p>
<p> The study involved monthly in Tokyo ten days after the Bank of Japan (BoJ) left its monetary policy unchanged, based on the assumption of a recovery at a moderate pace of the Japanese economy. </p>
<p> On this occasion, the central bank had, however, highlighted the growing risks weighing on the country&#39;s economic activity, the European debt crisis and the depressed global growth.</p>
<p> &quot;The Japanese economy is still expanding while the decelerating pace of recovery against a backdrop of persistent difficulties related to the earthquake (11 March),&quot; the government in its study. </p>
<p> The third world economy plunged into recession following the natural disaster occurred at the end of winter. </p>
<p> But production and exports have registered a marked increase in recent months, companies have made great efforts to replace the various production lines and delivery and to reopen factories. </p>
<p> The government has revised down its expectations in terms of exports, industrial production and household spending for the first time since April.</p>
<p> &quot;Even if transport equipment support exports, electronic products and machinery equipment weaken, reflecting the slowdown in the global economy,&quot; said Shigeru Sugihara, head of macroeconomic analysis to the General Secretariat of government. </p>
<p> The report is, as always, writes that the government expects the Bank of Japan that support the economy &quot;by appropriate monetary policy actions and decisive, and in close cooperation with the government.&quot; </p>
<p> According to sources familiar with the matter, the Japanese central bank is likely to revise downward its growth forecasts in a semi-annual report to be published by the end of the month.</p>
<p> Nearly three-quarters of Japanese companies expect a stagnation of the economy in the coming months, and 12% of them see it fall into recession because of growing concerns about global activity, shows a Reuters poll published on Friday . </p>
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		<title>Fitch lowers ratings of banks Lloyds and RBS</title>
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		<pubDate>Thu, 13 Oct 2011 14:55:16 +0000</pubDate>
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		<description><![CDATA[Thursday Fitch lowered the long-term issuer credit rating of Lloyds and Royal Bank of Scotland to A, AA-cons before, considering that the probability of the British government come to their rescue had fallen. 
 Friday, its rival Moody&#39;s had downgraded 12 financial institutions in the UK, including Lloyds and RBS, also citing the likelihood of [...]]]></description>
			<content:encoded><![CDATA[<p>Thursday Fitch lowered the long-term issuer credit rating of Lloyds and Royal Bank of Scotland to A, AA-cons before, considering that the probability of the British government come to their rescue had fallen. </p>
<p> Friday, its rival Moody&#39;s had downgraded 12 financial institutions in the UK, including Lloyds and RBS, also citing the likelihood of public support for any future crisis. </p>
<p> The rating agency, has downgraded its rating floors for UK banks of systemic importance, says in a statement placing the Barclays notes under review with negative implications, highlighting its exposure to volatile market activities . </p>
<p> &quot;The dynamics of support are changing in the UK,&quot; Judge Fitch.</p>
<p> &quot;Not only the banking system is large compared to the rest of the UK economy, but there is also increased political will to reduce the implicit support for banks.&quot; </p>
<p> Lloyds and RBS are held respectively 41% and 83% by the British state. </p>
<p> Around 1:50 p.m. GMT, action Lloyds lost 4.66% to the London Stock Exchange, while RBS yielded 2.91% and 5.08% Barclays. The Stoxx Europe 600 sector at the same time gave up 3.58%. </p>
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		<title>Steve Jobs, Apple&#039;s legendary boss, has died at age 56</title>
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		<pubDate>Thu, 06 Oct 2011 20:55:08 +0000</pubDate>
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		<description><![CDATA[Steve Jobs, co-founder and iconic Apple chief, died Wednesday at age 56 after a long battle against cancer. 
 His immense contribution to the computer and creativity, which revolutionized the everyday practices of millions of people worldwide, were immediately welcomed in the political class and the world of new technologies but also among Apple customers, [...]]]></description>
			<content:encoded><![CDATA[<p>Steve Jobs, co-founder and iconic Apple chief, died Wednesday at age 56 after a long battle against cancer. </p>
<p> His immense contribution to the computer and creativity, which revolutionized the everyday practices of millions of people worldwide, were immediately welcomed in the political class and the world of new technologies but also among Apple customers, often become unconditional followers of products born of his imagination. </p>
<p> &quot;Steve Jobs was among the greatest innovators Americans brave enough to think differently, bold enough to think himself capable of changing the world and talented enough to do so,&quot; said President of the United States Barack Obama, saying that the world had &quot;lost a visionary.&quot;</p>
<p> From Los Angeles to Sydney, admirers began to pay tribute to Steve Jobs before the Apple Stores&#39;. Before one of these stores in New York, candles, flowers, an apple or an iPod were filed in an impromptu memorial. In San Francisco, some waved their iPads by including one on the screen in black and white portrait of Steve Jobs. </p>
<p> The phenomenon also affects many websites, including Apple, which changed its home page to display a picture of his co-founder, simply titled &quot;Steve Jobs: 1955-2011.&quot; </p>
<p> At company headquarters, the flags were taken at half-mast.Employees have left flowers on a bench. </p>
<p> &quot;For those of us who were lucky enough to work with him, it was an insanely great honor,&quot; said former rival Bill Gates, former head of Microsoft and other icon of the computer, using the phrase &quot;insanely great&quot; that liked to use Steve Jobs himself. </p>
<p> Outside the residence of Steve Jobs in Palo Alto, neighbors and friends laid flowers and left messages on the sidewalk.&quot;Thank you for changing the world,&quot; it said in particular. </p>
<p> SOLID COMPANY </p>
<p> Steve Jobs has died in Palo Alto, California, surrounded by his wife and his closest relatives, said Apple, with no other details. </p>
<p> He resigned in late August from his position as CEO of Apple, saying that his health no longer allowed him to take charge.He was then sent to Tim Cooks his right arm over the reins of the company was born, according to legend, in a garage. </p>
<p> For most analysts and investors, Steve Jobs gives a company strong enough to continue growing despite the loss of one who was also its main source of innovation and its charismatic promoter. </p>
<p> Apple, the second market capitalization on Wall Street behind the oil major Exxon Mobil, however, faces many challenges, including the face of competition from Google, whose Android operating system team more and more smartphones. </p>
<p> The Cupertino company is also engaged in a legal showdown with South Korea&#39;s Samsung Electronics in terms of intellectual property.</p>
<p> &quot;Steve Jobs has introduced many revolutionary changes in the field of information technology and it was a great entrepreneur. His innovative spirit and its remarkable achievements remain forever etched in the minds of people around the world,&quot; said Samsung boss, GS Choi. </p>
<p> The famous &quot;keynote&quot; </p>
<p> Steve Jobs&#39;s death occurs after the presentation by Tim Cook of the new iPhone 4S in a &quot;keynote&quot; as Steve Jobs featured at each release of a new Apple product. The new device has attracted little enthusiasm, much regretting the lack of major innovation for the product best-selling worldwide. </p>
<p> Steve Jobs&#39;s death was announced after the end of virtually all trade with the New York Stock Exchange.The Apple stock ended the session at 378.25 dollars but the title side yielded 3.7% in Frankfurt on Thursday morning. </p>
<p> Tim Cook said that Apple would hold &quot;soon&quot; in-house ceremony in honor of Steve Jobs. </p>
<p> &quot;Intelligence, passion and energy of Steve were the source of countless innovations that have enriched and improved the lives of all of us. The world is infinitely better thanks to Steve,&quot; Apple wrote in a statement. </p>
<p> Steve Jobs&#39; wealth is estimated by Forbes magazine to seven billion dollars and it is unclear how it will be distributed. </p>
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		<title>Moody&#039;s lowers rating to three notches Italy</title>
		<link>http://elinorcaplan.com/moodys-lowers-rating-to-three-notches-italy/</link>
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		<pubDate>Wed, 05 Oct 2011 07:25:07 +0000</pubDate>
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		<description><![CDATA[Moody&#39;s Investors Service downgraded Tuesday by three notches note of Italy, explaining see an increase risk of financing for euro area countries with high levels of debt. 
 Moody&#39;s reduced the rating of Italian government bonds from Aa2 to A2, a grade lower than that of Estonia.The U.S. agency maintains a negative outlook on this [...]]]></description>
			<content:encoded><![CDATA[<p>Moody&#39;s Investors Service downgraded Tuesday by three notches note of Italy, explaining see an increase risk of financing for euro area countries with high levels of debt. </p>
<p> Moody&#39;s reduced the rating of Italian government bonds from Aa2 to A2, a grade lower than that of Estonia.The U.S. agency maintains a negative outlook on this rating, which means that further falls will be a few years. </p>
<p> On 19 September, Standard and Poor&#39;s had lowered its rating on Italy as it was previously A/A-1 to A + / A-1 +. </p>
<p> Italy now finds itself firmly at the center of the crisis of debt in the euro area. </p>
<p> &quot;The negative outlook reflects the economic and financial risks in Italy and in the euro area,&quot; Moody&#39;s said in a statement. </p>
<p> &quot;The uncertain environment of markets and the risk of further deterioration in investor sentiment could limit the country&#39;s access to public debt markets.&quot; </p>
<p> Financial markets are worried more and more weak growth, a deficit of 120% of gross domestic product and a coalition government in difficulties. </p>
<p> The decision by Moody&#39;s is not really a surprise. The agency had said Sept. 17 it would complete its review of Italian finances for a possible downgrade within a month. </p>
<p> Silvio Berlusconi said that the decision was &quot;expected&quot;. </p>
<p> &quot;The Italian government is working with maximum commitment to achieve its fiscal objectives,&quot; said the head of government. </p>
<p> Moody&#39;s believes, however, a defect of Italy is a probability &quot;distant&quot;. </p>
<p> Borrowing costs have surged in Italy the past three months.And if they were brought under control, thanks to purchases of Italian bonds on secondary markets by the European Central Bank. </p>
<p> So last month, an Italian ten-year loan had to be based on the promise of a return of 5.86%, the highest level of this type of paper since the launch of the euro there over ten years. </p>
<p> The austerity plan of 60 billion euros from the Italian government to enable it to accelerate by one year to 2013 its goal of a balanced budget. </p>
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		<title>Segolene Royal launched her own public bank for SMEs</title>
		<link>http://elinorcaplan.com/segolene-royal-launched-her-own-public-bank-for-smes/</link>
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		<pubDate>Mon, 03 Oct 2011 17:25:06 +0000</pubDate>
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		<description><![CDATA[Poitou-Charentes has formalized the launch of an investment bank for SMEs. 33 million of regional funds will be available in two years. Segolene Royal, Socialist candidate for the primary (here at a press conference in Paris June 29, 2011).
 The Regional Council of Poitou-Charentes, headed by Ségolène Royal, the Socialist Party candidate in the primary, [...]]]></description>
			<content:encoded><![CDATA[<p>Poitou-Charentes has formalized the launch of an investment bank for SMEs. 33 million of regional funds will be available in two years. Segolene Royal, Socialist candidate for the primary (here at a press conference in Paris June 29, 2011).
<p> The Regional Council of Poitou-Charentes, headed by Ségolène Royal, the Socialist Party candidate in the primary, formalized Monday the creation of a regional investment bank for SMEs, said the community in a statement. &quot;With the bank, SMEs can now apply to a single paperless service, managed by the region, common to all funding partners,&quot; says the region is now arguing that &quot;SMEs will benefit from consulting and a more simple, faster and more relevant. &quot;</p>
<p> With the help of European Regional Development Fund (ERDF), € 33 million of regional funds will be made in two years, available to the bank. The region also hopes to get input from the Deposit or private investors to &quot;finance EUR 280 million investment and activity in the territory.&quot; </p>
<p> This initiative was announced September 12 by Ségolène Royal, along with five other actions for SMEs. The primary candidate for the PS but noted that &quot;starting a business is not valued in France,&quot; and expressed his &quot;firm belief&quot; that it was necessary to ensure that France &quot;is recovering from tissue SMEs &quot;. It was also suggested to &quot;reserve a portion of public contracts to SMEs&quot;.</p>
<p> The region has also announced that it creates a semi-public company, ESTER (Solar Electricity Territories) Poitou-Charentes regional development of solar power. ESTER Poitou-Charentes &quot;aims to invest in making solar power plants with an investment program of 200 million by 2015, representing 120 megawatts of power, or one and half times the power currently installed Poitou-Charentes, and 500 permanent jobs, &quot;the statement also indicates the regional council. </p>
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