Still to agree on the duration of the stayAlso a European quality label was createdMore than 3700 active patents is not nothingThe Housing Ministry follows closely the subjectExports of wines excluding Champagne grew by 12It must also embark on the Internet on the TVThe Spanish group which already holds 29Then nothing does requires us to stay marriedThe first solution is to do nothing and let their currency appreciateDublin has left banks do anything EnglishThere is a little more than two years, in the negotiations for the reform of the Livret A, the level of centralization of deposits was not an issue for banks. Why is - this has become one
Because the rules of the game have not been met. We have advocated the trivialisation of the distribution of A booklet to put an end to the distortion of competition between historical distributors and other banks, but also to defend the general interest. By lowering half commissions paid to banks more likely to propose A booklet, we were persuaded to that resource to the financing of housing would be not only larger but also cheaper. We have largely completed our contract opening booklets A 4.9 million and by collecting 16 billion euros. And, contrary to the fears expressed massive transfers of historic distributors booklets to new banking networks, 93 of our collection included a transfer of deposits already present in our balance sheets. At the same time, historical networks were instead transferred the equivalent of 10 billion of the booklets to other investment products. In this context, too fast from our stock of books and excessive centralization could dry our funding for the benefit of the territories. It would be all the more unjust that collection supplement provided comes from these same territories. A kind of sanction against those who have played the game.
It remains that the Caisse des Dépôts projections establish that a rate of 70 of the outstanding centralization will barely cover the financing of social housing needs...
It must not confuse needs and actually committed financing. This is several decades that social housing needs are systematically higher than truly made funding and that part of the resources of the booklet A is used to other missions or financial investments. At the time of the reform, only half of these resources was thus used for the financing of social landlords. The issue of centralization is therefore to establish an allocation balanced between the legitimate needs of the CDC and the financing of the economy, in a context of inflation and scarcity of resources. To do this, it would be preferable to know exactly the needs of everyone, not tomorrow but today. In my regional fund of the Credit Agricole Provence Cote d'Azur, credit outstanding rose by 13 this year, while our resources increased by 3. In this context, any error of assessment would be an inflation of 0.3 to 0.4 of the cost of credit to SMEs. An administered rigid centralization rate would not fair or relevant because he would not take into account all these parameters. Why not a rate of variable centralization of collection effort directed It would be more incentive for the banks.
The Court of Auditors however considered realistic projections of the Caisse des Dépôts. If the rate of 70 was retained, arrêteriez you to distribute A booklet
We do not have the habit to go back on our word and would not respectful of our customers. However, there is no reason to be taken to the trap of the Livret A, while we played the game. Rather than draw on our own resources, we would be forced to focus on the way of the acquisition of market shares by transfer of the booklets from our competitors.
