The inancial hub o Paris expected a moti ational speech o the Minister o the economy

The inancial hub o Paris expected a moti ational speech o the Minister o the economy. In his statement be ore the pro essionals gathered or the association Paris Europlace inancial meetings, Thierry Breton has not disappointed his audience. Is that in turn seducti e and pedagogue, he used his experience as head o business to better con ince the assistance o proximity with it. "I am counting on you, you can count on me," he said at the end o a speech nearly an hour in which he struck a ew truths, passing in re iew the problems o debt, the lengthening o li e expectancy and the duration o working time. "The greatest paradox is to accumulate 3 million unemployed and 500,000 o ers jobs that are not takers." "It is the acti ity that creates acti ity and step work sharing", is said, be ore starting a long plea or action by the Go ernment on the employment ront.

Thierry Breton saw the inability to grow small business a major de elopment both brake o employment and exports. "Almost 90 o them ha e less than 9 employees", said the Minister, adding "that with the euro, the same Central Bank, but a business structure and a di erent specialization, the Germany is the world's leading exporter". In this regard, he recalled the measures already taken to acilitate access o small and medium-sized enterprises in the inancial markets, including the re orm o the public appeal to the sa ings and the establishment o Alternext, "in a ew weeks already allowing 8 irms raise 42 million." To accompany the de elopment o this new market, the Minister did ote by Parliament to the bene it o Alternext entry into orce early rom the exemption rom capital gains in the long term on equity securities.

European harmonisation

The Minister added that the Go ernment intended to go urther to encourage the sustainable detention o actions by indi iduals. Responding to a wish o the President o the Republic, he announced next steps inspired plan o progressi e exemption rom real estate capital gains or the detention o more than 25 o the capital o a company.

This de ice, which would apply to indi idual or amily, entries should ind its place in the next act o inance at the end o a consultation on the pace o relie with the length o detention, being heard, as noted by the Minister, that the characteristics o inancial assets are di erent rom real estate assets. "We intend to gi e access to a solid, deep and sustainable base o in estors," continued Thierry Breton.

The Minister also con irmed the two measures or better integration o the inancial position o Paris in the European concert, re ealed yesterday morning by "Les echos". The Go ernment adopted the amendment proposed by Senators Marini and Hyest which aims to integrate the European company statute in the Breton law. "We so excellent a delay o nine months, i it was prolonged, it could cause harm to the attracti eness o our territory", he explained. Similarly, he chose to transpose directi e OPA recon enes in accepting the indings o the report o the Group acilitated by Jean- rançois Lepetit. Which will enable companies to not stay without de ence while playing the game o European harmonization.