According to Bloomberg, the decline in 2007 compared to 2006 is 3%. Modest over-year, yes. But the setback experienced in the credit markets because of the subprime crisis has created a real break. Thus, in the first half, a record 616 billion euros had been issued against 285 in the second half. For companies that have made the leap since August, the rising cost of money, after an incredibly positive it is true, is clear. For example, GlaxoSmithKline has sold 3.5 billion euros of debt to ten years by paying a risk premium of 115 basis points six times over two years ago, reports Bloomberg. 2008 promises to do much better, at least for the first month. Volatility remains high, a sign of extreme nervousness persists. Above all, the rating agencies which reassess in depth since the fall of many of their analysis do not expect a good year. Standard Poor’s thinks so degraded more companies in 2003 than it will reassess. A first since 2003, when Enron had caused a great shock to the debt markets.
J. Van Ruymbeke will investigate suspicions of obstructing justice and perjury in the case of the attack of 2002. But any retrocommissions to finance the campaign of 1995 Balladur will not be taken into account.
The Minister of Agriculture, Bruno Le Maire, has announced a plan to aid of 330 million euros, of which 30 million will be paid immediately. Measures that have not been unanimous and angered nearly 500 farmers in Rennes.