700 education nationale and 4400 to the defenceOn the week this is almost the status quoA distribution of tasks dictated by the operating costs The low cost pressure reinforces the need to adaptON extend their influence on the continentThese seats can suddenly find a defensive appeal for lower prices Today many things are in the warehousesThey thought the future program of the candidateI have not been elected to increase taxesin Direct TV in 2003 which he left in 2008Support to the banks of the hexagon will prove a lucrative From our information, the French State in any case received EUR 2 billion on the part of the French banks since the implementation of aid in October, which included a refinancing assistance component and a component support capital, at an average rate of 8.2.
The financing company of the French economy (SFEF), responsible for the medium and long term banks liquidity, reported the State 1.2 billion euros. This amount should evolve to the margin, the SFEF preparing to carry out the latest emissions. As the society of shareholding of the State (EPPS), which had as of 1 September 20.4 billion euros of assets, it resulted in a gain of EUR 800 million. But, according to Bercy, impairment losses had to be made, including on the participation in Dexia (5.7 in common shares). And the net gain would be in terms of EUR 200 million.
Positive balance in Germany
Last July, the Court of Auditors had held in relative earnings announced by the State. It had thus underlined the potential risks associated with the device as possible losses on resale of interests, the absence of dividends, or, in the case of the SFEF, a number of "unmanageable" of more or less risky loans made by banks in exchange for the guarantee of the State if the device lasted too long.
However, other countries also see gains for their support. Thus, in Belgium, the State has already received in repayment of loans and guarantees "some 752 million euros, or about 250 million in net profit", according to Didier Reynders, the Minister of finance, who believes have almost recovered, in addition, the initial value of its shareholdings in banks (15.1 billion). In Germany, the Soffin, financial stabilization fund, also stated that its balance sheet is positive for the moment, without giving precise figures. The Fund has made available 130 billion of guarantees, of which two thirds were fired. For the moment, there has not yet was defects. The gain could go up to the fact of the commissions of guarantees EUR 165 million. In addition, the Soffin made 22 billion in capital to three institutions: Hypo Real Estate has been in - tièrement nationalized, Commerzbank has allowed the State with its capital at 25 and Aareal Bank has received EUR 525 million for passive participation in an interest rate of 9.
30 Billion in the United States
The American authorities to the - would, they already won some 30 billion dollars of "return on investment" dividends and interest paid by banks that received federal aid, according to some estimates. Alone, through its buyback of commercial paper and other funding programs, the Federal Reserve released a net income of 16.4 billion in the first six months of the year, while the FDIC (Federal Deposit Insurance Corp..) would have received $ 9 billion in return for its guarantee of debt, and Treasury an amount equal in exchange for his subscription to the preferential shares of banks. For research firm SNL Financial, some 34 firms have already reimbursed the Federal State 70.1 billion of the TARP funds from aid, not to mention the 5 billion of dividends for the redemption of warrants (i.e. a rate of return of 7 for the Government). But these figures are minimised by some analysts recall that Treasury has taken considerable risk pouring 250 billion of taxpayer money into bailing out banks and insurer AIG, sometimes without guarantee of return, without effective exposure of 306,8 billion of the FDIC.
