The British public sector employees are on strike on Wednesday against pension reforms, a move that will disrupt schools, airports, hospitals and municipal services, including trade unions and expect that it will be the "most important in a generation." More than a thousand events are planned across the country and the organizers hope that two million people observe this work stoppage, more so than during the previous day's strike in June for the same reason.

The government wants to delay the age of retirement in the public sector to 66 years in 2020 – against 60 for the most current, and increase contributions, as part of its austerity plan. Negotiations taking place for several months are currently at an impasse, the government citing the increase in life expectancy and the need to restore a balance with the private sector. In an attempt to limit the nuisance caused to users – a particularly sensitive subject in the UK – the Conservative Prime Minister David Cameron has asked companies to accommodate employees with exceptional children.

Mizuho Financial Group announced the elimination of these positions, which represent about 5% of its workforce, by March 2016 in connection with the merger of its retail banking and business.

Half the income of Mizuho Financial Group, the second Japanese bank by assets, fell by a quarter, partly due to a drop in trading revenue bond.

Sumitomo Mitsui Financial Group (SMFG), the third Japanese bank whose profits also fell by 25%, said it would repurchase up to 50 billion yen (476 million) of its own shares or 1.63 % of its claims.

"The profitability of their core business remains low in Japan, including disposals of investments and sales of insurance products, which remain low," he said of Mizuho and SMFG Chikako Horiuchi, an analyst at Fitch Ratings in Tokyo.

"Times are tough for their brokerage. So the question is whether they are capable or not boost their activities abroad."

The prospect of the Japanese economy is overshadowed by a strong yen and weak global demand.

David Riley has also held that a creditor of last resort credible was necessary to Rome and Madrid, stressing that the European Central Bank (ECB) should play this role.

"If we end up with a solution for Greece involving more impairment than those defined in July, it will be a roadmap for banks (…) and we will have a credible creditor of last resort for Spain and Italy, "he said at a conference in Brussels bond.

"The EFSF (…) is currently too small.There is an institution, the European Central Bank (…) (…) and I would suggest that the ECB this role (…) in the same way that we expect such a function from the Bank of England (BoE), the Federal Reserve or the Bank of Japan (BoJ). "

An EU summit in Brussels Sunday is expected to discuss how to maximize the firepower of the fund. At the request of Paris and Berlin, an additional peak in the euro area will be held next Wednesday, including agreement on this question, one of the elements expected by the market to combat the crisis.

Brussels wants farmers to "go green". The European Commission proposed on Wednesday to condition part of the aid to respect for the environment, and to the Common Agricultural Policy (CAP) fairer by capping subsidies, despite the reluctance of the industry. "A redefinition of the CAP is necessary," the MEPs tried before the Commissioner of Agriculture, the Romanian Ciolos, presenting the details of its proposals to reform the system of EU agricultural subsidies from 2014.

He has proposed to link some of the aid paid to some 12 million European operations "to a few simple agricultural practices whose effects are well established" crop diversification, maintenance of permanent pasture, and conservation of biodiversity reservoirs or landscape elements of at least 7% of arable land. The reform also aims to shift to a "sustainable production practices," while Europe has "for years" led the farmers "on the way to a stress-free productivity," noted Ciolos.

Another key measure for the capping of aid. These become progressively reduced from 150,000 euros per year per firm and will not exceed 300,000 euros.Germany, or the UK – where farms reap the crown of England every year hundreds of thousands of dollars – are opposed to the cap, brandishing the risk of fragmentation of their large holdings. These are always more numerous in Europe in seven years, the number of farms decreased by 20% for a reduction of only 2% of the agricultural area, is the statistical office Eurostat.

France is the first bénéficière envelopes States

Criticized by the European Court of Auditors to have paid aids golf clubs or airports, the CAP will also be reserved for the future to "active farmers".Calling for a change of "paradigm", Ciolos also called for a more equitable CAP with the introduction of a single payment per hectare for each State and each region, which should balance out subsidies to benefit of extensive agriculture.

However, it is still far from a fair rebalancing envelopes allocated to each state. France continues to be the first beneficiary and lose relatively little, while the countries of Eastern Europe continue to receive bonuses per hectare well below the European average. In Brussels, a Baltic hundred farmers have agreed to meet Wednesday to protest against this compromise deemed disadvantageous to farmers Baltic. "Politics, more at European level is the art of the possible equilibria," agreed Ciolos."The most important is to stimulate a movement in the right direction," he said, promising to continue this trend toward more balance beyond 2020.

The proposals of the Commissioner Ciolos will now be subject to approval by MEPs and the 27 Member States, and negotiations promise to be difficult. For the main organization of farmers in Europe, Copa-Cogeca, the principle of ecological fallows is "illogical, while global food demand is expected to increase 70% by 2050." Greening is also criticized by the German Green Häusling Martin, for whom he does not go far enough, or the French Socialist Stéphane Le Foll, who lampooned the "weaknesses" of agri-environmental measures proposed, such as fallow "too rigid" .

Richard Sulik, 43, head of the unicameral Parliament of Slovakia and Freedom and Solidarity Party ("SAS"), is an ultra-liberal economist torpedo approval Bratislava strengthening the European Relief Fund (EFSF). According to the founder of the party in 2009 SaS, the EFSF is "a road to socialism."

In 2010, the party enters with great fanfare the Government, through its platform advocating fiscal consolidation, privatization, the legalization of same-sex couples and the decriminalization of marijuana. At the initiative of the man with glasses, bald and of medium size, a referendum is held three months after the election, focusing on the immunity of deputies, the privileges of politicians and use by these luxury cars.

But future historians may recall in particular the month of October 2011, when Richard Sulik has torpedoed the European security, to help indebted countries in the euro area. "We are witnessing an attempt to resolve the debt crisis with even more debt.It's as if someone was trying to extinguish a fire with a fan, "he recently told AFP.

The Slovaks are too poor to pay for the mistakes of others, he repeats often. The future "executioner" of the European bailout fund was born January 12, 1968 in Bratislava, in a family that emigrated twelve years later in West Germany at the time. Passion for economics and physics, he completed his university studies in Munich. In 1991, two years after the "Velvet Revolution" anti-communism in the former Czechoslovakia split amicably in the Czech Republic and Slovakia in 1993, he returned to his homeland to go into business.

For ten years he led his company FaxCOPY.In 2003 he graduated from the Economic University in Bratislava, before appearing shortly after one of the authors of a radical tax reform introducing a flat tax (flat tax) of 19%. In 2005-06, he was advisor to the Minister of Labour and Social Affairs, a Christian Democrat named Iveta Radicova, future Prime Minister. In 2006-07, he served as advisor to the then finance minister, Jan POČIATEK.

Unconditional cigars, Richard Sulik is often pilloried for his little formal clothing. Even as head of Parliament, it is often the tie. Richard Sulik, who speaks German and English, is divorced. He is the father of four children with his former wife and her current companion.

"I do not want a country will default but if it happens, obviously (…), we would be vulnerable to an event of this nature," said Pedro Passos Coelho to parliament.

"If this happens, we can not exclude a stronger plan to help," he added.

If such an event occurred, the prime minister would like the European Central Bank provides liquidity to banks in Portugal and Ireland.

"There are risks abroad and we need to take these risks into consideration," he said.

As part of the aid program of 78 billion euros was granted, the country must lower its deficit to 5.9% of gross domestic product (GDP), while it recorded a deficit of 9, 2% of GDP last year.

The center-right government is conducting a series of measures such as spending cuts and tax increases, and economic reforms to achieve the goals of the bailout.

"We can say that we are, with respect to the positions of French banks that have positions in Greece, that one is over 90% of the agreement, which is considerable," he said to the press.

Baroin, speaking after a meeting of EU finance ministers in Wroclaw, Poland, also indicated that there were still "some time" to raise the number of participating banks European awaited by Athens at least 90%.

Several sources had earlier told Reuters that participation stood at present to around 75% of existing claims.

Vehicle production is interrupted in April at Saab, suppliers refusing to deliver more parts until they have been paid.

Lars Holmqvist, Director of the European automotive suppliers, told Reuters that the Spanish supplier Matrici S.Coop preparing an application for bankruptcy of Saab on the grounds that the manufacturer owes him two million euros.

The Spanish company could not be reached immediately.

In July, Saab was able to avoid the bankruptcy of one of its units by entering into an agreement with the supplier SwePart Verktyg AB.

"Some companies expect and receive no response.Others have heard that some had been paid in part, what irritates them greatly, "reported Lars Holmqvist.

"They realize that there is no alternative but to seek bankruptcy, because obviously in this case, Saab will pay."

He has said he was approached by German suppliers, who reported each of around five million euros of debt on Saab.

A spokesman for the Swedish carmaker, said: "We know in what situation we are. We work very hard to resolve it and ensure more stable funding."

Barack Obama announced late Sunday night that the Democratic and Republican leaders had agreed in extremis on raising the U.S. debt ceiling, spreading the risk of the world's largest economy in default of payment.

If MPs approve the plan for reduction of 2,400 billion public spending over ten years will reassure investors, businesses and consumers while we spoke of a new collapse of the U.S. financial sector.

But the threat of a loss by the U.S. of triple A remains with the risks involved for the cost of financing, and the prospect of further reductions in spending offers no occasion for celebration.

"It will have minimal impact on the economy. There will be no decrease in spending over the next two years, which raises the question whether they really occur," responded Peter Morici, Professor of Economics at the University of Maryland.

For many observers, the reduction of public spending is the last thing the United States need right now.

ECONOMY IN NEUTRAL

The first figures of U.S. GDP in the second quarter, released Friday, has stunned economists.Statistics showed that the United States had grown by 1.3% annualized, instead of the expected increase of 1.8%.

The surprise was even worse than the performance of the world's largest economy over the first three months of the year was revised down sharply, showing that it came close to contraction in the first quarter, releasing painful growth 0.4% annualized rate, against 1.9% previously displayed.

The threat of a relapse of the economy has allowed the Republicans and Democrats agree on one point: the decline in public spending to reduce deficits should be gradual.In fact it will not begin until 2013.

Speaking to reporters Sunday night, President Barack Obama said the first phase of reduction of expenditure, estimated at 917 billion dollars would not be "sharp as to constitute a brake on the economy."

Some 1,500 billion dollars in savings will be defined by a bipartisan commission of Congress, leaving open the question of whether the U.S. has the political will to reduce their debt once and for all.

According to Troy Davig, an economist at Barclays Capital, said the agreement would reduce government spending only 25 to 30 billion dollars during the first year, which could undermine economic growth by one tenth of a percentage point.

"This is not a major obstacle to growth, but when the economy grew by only one and a half, many economists believe that this is not the right time to make budgetary control.We are moving from an overwhelming support for the economy to a control mass. "

Reductions faster and larger the mat could have sent a faltering economy made by high oil prices, bad weather, the earthquake in Japan and depression that is still on the property market.

There's another week, a new plan to support the economy was mentioned, for example through the extension of tax exemptions for employees and employers.

These proposals appeared Sunday to have disappeared from the preliminary agreement.The bipartisan commission, which is to propose new spending cuts by November, however, could return to this issue.

Nervousness

Certainly, some relief may seize the entrepreneurs and consumers, since their taxes should not rise and the worst-case scenario was avoided.

On several occasions, the Obama administration has warned against the chaos that would result from failure to raise the ceiling by Tuesday the U.S. debts.

This anxiety was added to the concerns of many consumers already worried about their future, encouraging them to slow their spending.

The automotive industry has seized the opportunity of the publication of its results to emphasize that the indecision of U.S. households was evident in sales.

This reluctance was also felt in the real estate market with the announcement of a significant increase in June the number of cancellations of sales commitments.

But the peace may be short-lived.By Friday, the employment figures should remember that the unemployment rate continues to prance to 9.2%, according to forecasts by economists polled by Reuters.

The budget deal "does nothing to restore the confidence of households and businesses," said Mohammed El-Erian, CEO of the giant PIMCO bond investment.

"Unemployment will be higher than it would have been otherwise, the lower growth than it would otherwise have been and inequality worse than it would otherwise," he said on ABC television.

If the group expects to Geneva this year strong growth in sales about 10%, it expects operating margins but slightly lower at constant exchange rates.

The group said the decline in the pace of investment in development projects that will accelerate in the second half.As a result, margins, even if they are better in the second half will be negatively impacted compared to last year, said the world number one certification in a statement.

This warning comes as the group unveiled a turnover of 2.35 billion francs. But markets awaited 2.41 billion.

Net income fell to 246 million francs, far from the 278 million expected by analysts. Operating profit (EBIT) of 363 million did not meet the consensus that saw 396 million.