NEWS COVERAGE - FRANCE

ECONOMY AND BUSINESS NEWS FROM THE PAST WEEK

Business Sweden, Paris
June 27th, 2014
Carrefour buys the Dia-stores in France, three years
after selling them

lINSEE confirms zero growth in first quarter in France


BUSINESS SWEDEN 27 JUNE, 2014 2
The US economy shrank at an annualized rate of
2.9% in the first quarter of 2014

Frances far right National Front has suffered a severe
setback by failing to forge an official group in the EU
parliament with like-minded parties

THE PAST WEEK
A unique composite material that is cheaper and has
better strength than carbon fiber is now under production
in the Trollhttan region.
The material developed at Linkping University contains
long fiber natural fiber, such as flax or hemp.
The company behind the innovation, Trifilon AB has
moved into Saab's development center in Trollhttan and
have now scheduled for global release.

"One can measure strength in different ways but carbon
fiber has a higher crack sensitivity and less flexible than
Trifilon. Besides the automotive industry to set new
goals for the wind power industry, construction, and
consumer electronics, and sports industries." Martin
Lidstrand, president of Trifilon
They are planning to employ 40 people and has a
forecasted turnover of SEK 30 million in 2017
BUSINESS SWEDEN 27 JUNE, 2014 3
NEW SUPER MATERIAL FROM SWEDEN
1. Equity
If the fine would reach $ 9 billion the biggest French bank
would see them self's loose the equivalent to one tenth
of its reserves, a big amount when the banks will soon
undergo stress tests by the ECB.
2. A damaged reputation
U.S. officials have threaten to remove the access to
make transactions in dollars.
The dollar being the reference currency of
international trade, Paribas would lose part of its
international clientele if they could not use it, even
temporarily.
3. Loss of revenue for the state
In France, the fine could have an impact on the tax paid
by BNP Paribas. It is a major contributor to corporation
tax.
4. The economic recovery at risk
Losing capital would significantly cut off BNP Paribas
ability to lend to its customers, since the new rules of the
sector determine the level of credit to the amount of
capital.
The BNP is one of the largest banks in the euro zone
and is essential for the European economic recovery.
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IMPLICATIONS FOR BNP PARIBAS AND FRANCE
After three days of intense negotiations, the Minister of
Economy, Arnaud Montebourg, announced on Sunday
that the state had reached an agreement and will
become the largest shareholder of Alstom, as soon as
the alliance with U.S. General Electric (GE) is finalized.
Up to 20% of the shares
"The offer of Siemens, was not aligned with the rules
which are monitored by the European Commission, said
the minister
Calling Brussels The main obstacle to the creation of
a European champions"
A victory for the government?
The minister defended, until the very last moment, the
Siemens option.
Media has been calling it a partial victory
Got a veto right concerning security and technology
related to nuclear energy
"It is clear that the intervention of the Minister of
Economy has been effective," economist Serge Tatar.
On the other hand, Joint ventures are inherently
unstable. Nothing says that ownership will not change
the next ten, fifteen or twenty years.
BUSINESS SWEDEN 27 JUNE, 2014 5
FRENCH GOVERNMENT NEW ALSTOM OWNER
http://lexpansion.lexpress.fr/entreprises/alstom-super-montebourg-a-t-il-accompli-sa-mission_1553528.html
http://www.lesechos.fr/economie-france/conjoncture/0203600438691-france-linsee-confirme-une-croissance-nulle-au-premier-trimestre-1018836.php
http://bourse.lesechos.fr/infos-conseils-boursiers/infos-conseils-valeurs/infos/la-bourse-prend-acte-de-l-accord-avec-ge-et-bouygues-981510.php
http://lexpansion.lexpress.fr/entreprises/quels-risques-fait-reellement-courir-l-amende-americaine-a-bnp-paribas_1548711.html
http://www.di.se/artiklar/2014/6/9/supermaterial-ger-nytt-hopp-i-trollhattan/
http://www.ft.com/intl/cms/s/0/24800b38-fbb4-11e3-ad9b-00144feab7de.html#axzz35diMFYHd
http://abonnes.lemonde.fr/les-decodeurs/article/2014/05/30/bnp-pour-tout-comprendre-a-l-amende-record-brandie-par-les-etats-unis_4429206_4355770.html
http://abonnes.lemonde.fr/economie/article/2014/06/23/carrefour-rachete-les-magasins-dia-en-france-trois-ans-apres-les-avoir-cedes_4443466_3234.html
http://www.liberation.fr/economie/2014/06/20/l-etat-va-devenir-le-principal-actionnaire-d-alstom_1046411







BUSINESS SWEDEN 27 JUNE, 2014 6
SOURCES