The President of the Republic announced in Douai December 4th of this year a plan of revival for French 26 thousand million euro economy. PATRICK DEVEDJIAN was named minister charged with the implementation of the plan of revival and we voted to the National Assembly for both bills intended to implement this plan: a supplementary finance bill, and an ordinary law regrouping the not financial dispositions of this plan.

After the decision of immediate and complete exoneration of the professional tax on the new investments and the creation of the strategical fund of investments, the plan of revival notably aims at encouraging the private investment. The State will speed up the 11,4 thousand million euro payment of credences of firms on the Treasuary, notably across a preliminary refund of Credit Tax Research or credits of VAT. It will allow so an improvement of the treasury of your firms, what will give you with additional means to invest. The effort of revival includes an increase of means intended for the financing of SMES. He takes two different forms:

Increase of the intervention capacities of the society of mutual deposit of trade and of near activities (SIAGI): SIAGI guarantees banking loans for artisans and dealers for creation and development of firms, transmission, succession and resumption of societies. In case of fault of a borrower guaranteed by her, SIAGI covers a part of risk which influences the loan.

Increase of the intervention capacities of Guaranteed OSEO, mission of which is to guarantee loans granted to SMES: Guaranteed OSEO manages guarantee fund, mainly provided by the State, to take a part of the risk of defect linked to the conferment of credits (ready for medium and long-term, participative loans, movable and property credits-leases, deposit, etc.). This guarantee allows to encourage banks to be lent to SMES having a risk of more important defect.

An allocation of 200 M in Guaranteed OSEO will allow to cover 4 Md additional loans, avoiding so a drainage of the liquid assets of SMES and of firms of intermediate size (ETI) due to the shrinkage of banking activity. The State indeed wants to deepen its action of support of credit for SMES and ETI by additional allocations in guarantee fund managed by OSEO. This action takes three forms:

doubly of the guarantee fund OSEO intended to guarantee strengthening on middle term of the short-term loans to SMES. This fund will then allow to guarantee 2 Md loans, that is 1 Md additional loans,
creation of a specific guarantee OSEO targeted at the short-term financings. This guarantee will allow to cover 2 Md loans;
extension of the intervention of these funds to ETI, for an order of magnitude of 1 Md .

As regards job, measures will be taken to encourage firms to recruit. For it, one will compensate at the level of the totality of employer's social security contributions for recruitments accomplished in 2009 for all appointments of the firms of less than 10 wage earners. This compensation will be graduated until 1,6 times GUARANTEED MINIMUM WAGE. An allocation will be also set up and notably intended for the improvement of the accompaniment of the economic wage earners laid off in their job-hunting, for the support of the actions of training for the job-seekers, and in support of the effort of the social partners to revalorize the indemnity of short time. Allocation will be able to support other devices which will be able to have an immediate impact on the job creation in 2009.

As part of the installation of the strategical fund of investment (FSI), the Deposit Офис and consignments (CDC) and the State are going to bring him each 3 Md liquid assets as increase in capital. This contribution, conjugated with contributions in kind by some financial participations kept by the State, will allow the acquisition by this one of a participation in FSI at the level of 49 % and give to FSI its first means of intervention. FSI will so be able to contribute to help in maintenance and in development of the French economic cloth, by helping confronted but structurally healthy firms, in the current context of crisis, in difficulties short-term and/or need a stable shareholder and of long term to accompany them in their plans.

In an already difficult situation, marked by public deficit and an increase of debt, the State chose a policy of offer and of job. In order to do that, he also set up a device of support of the 360 thousand million euro banks (320 thousand millions for the guarantee of the interbank loans, and 40 thousand millions for the recapitalisation of banks in trouble), to loosen credit, the true engine of the reflation. A mediator was named: MR COME BACK TO LIFE RICOL (www.mediateurducredit.fr).

The crisis which we cross is an unsurpassed structural crisis. This crisis we must confront it and suffer not her. With my replacement Christian DESMET, ancient business manager and currently member elected by the CCI Big Lille, we want to be in your listening to answer your requests, and possibly to help you to solve difficulties which you can meet. Therefore do not hesitate to contact us, by email or mail, or by telephone.