crÉdit agricole - financetrajectoire 84 automne 2011 trajectoire 85 automne 2011 sh kl[[l jvywvyh[l...

TRAJECTOIRE 84 Automne 2011 DOSSIER 790=(;, )(5205. Par 'ENEVIÀVE "25.%4 E U WYLUHU[ n HUZ LU KtJLTIYL SH YLZ WVUZHIPSP[t KLZ 4HYJOtZ L[ 0U]LZ[PZZLTLU[Z KL *YtKP[ (NYPJVSL :\PZZL 7YP]H[L )HURPUN -YtKtYPJ 3HTV[[L HQV\[HP[ \UL UV\]LSSL t[HWL n \UL JHYYPuYL KtQn IPLU YLTWSPL ,SSL S»H]HP[ UV[HTTLU[ TLUt LU (YHIPL :HV\KP[L WV\Y SH )HUX\L 0UKVZ\La W\PZ n :PUNHWV\Y L[ H\ 1HWVU WV\Y *YLKP[ (NYPJVSL 0UKVZ\La H]HU[ KL YLQVPUKYL .LUu]L L[ SL 7YP]H[L )HURPUN LU +PWSTt KL S»,JVSL *LU[YHSL KL 7H YPZ L[ [P[\SHPYL K»\U 4HZ[LY KL -PUHUJL 0U[LYUH[PVUHSL K»/,* 7HYPZ PS Z»LZ[ ZWtJPHSPZt KHUZ SLZ WYVK\P[Z KtYP]tZ L[ Z[Y\J[\YtZ (]LJ TPSSPHYKZ KL MYHUJZ ZV\Z NLZ[PVU L[ LTWSV`tZ KL MYVU[ VMÄJL H\ Q\PU *YLKP[ (NYPJVSL :\PZZL 7YP]H[L )HURPUN ÄN\YL H]LJ ZLZ ÄSPHSLZ WHYTP SLZ WS\Z NYHUKLZ IHUX\LZ WYP]tLZ KL .LUu]L (]La]V\Z Yt\ZZP n KtNHNLY \U YLUKLTLU[ KLW\PZ SL KtI\[ KL S»HUUtL Z\Y ]VZ WVY[LML\PSSLZ tX\PSPIYtZ LU MYHUJ & 6I[LUPY K\ YLUKLTLU[ LU MYHUJ Z\PZZL LZ[ JL[[L HUUtL L_[YvTL TLU[ KPMÄJPSL H]LJ \UL NLZ[PVU KP]LYZPÄtL" SL MYHUJ Z»t[HU[ HWWYt JPt JVU[YL [V\[LZ SLZ KL]PZLZ :\Y SLZ WYVÄSZ tX\PSPIYtZ H]LJ K»HJ[PVUZ NtYtZ LU KVSSHY L[ L\YV UV\Z YtHSPZVUZ Z\Y SL JVTWHY [PTLU[ HJ[PVUZ \UL WLYMVYTHUJL K»LU]PYVU PUMtYPL\YL n JLSSL K\ 4:*0 >VYSK *L LU YHPZVU KL UV[YL Z\YWVUKtYH[PVU KL KtI\[ K»HUUtL Z\Y SLZ WH`Z tTLYNLU[Z *L[[L Z[YH[tNPL Z»t[HP[ Yt]tStL NHNUHU[L SLZ HUUtLZ WYtJtKLU[LZ THPZ JLZ THYJOtZ VU[ KtJYV JOt LU WS\Z MVY[LTLU[ X\L SLZ )V\YZLZ HTtYPJHPULZ V\ L\ YVWtLUULZ *VTTLU[ H]La]V\Z YtHNP& 5V\Z H]VUZ [V\QV\YZ L\ KL S»VY KHUZ SLZ WVY[LML\PSSLZ 4HPZ UV\Z H]VUZ YLUMVYJt SH WHY[ KL JL Tt[HS WYtJPL\_ Q\ZX\»n " n S»VJJHZPVU KL SH YtJLU[L JVYYLJ[PVU K\ WYP_ KL S»VUJL 6U WL\[ ZL KLTHUKLY X\LS LZ[ S»HJ[PM ZHUZ YPZX\L (]La]V\Z t[t Z\YWYPZ WHY SH IHPZZL KLZ HJ[PVUZ IHUJHPYLZ& 5V\Z U»LU Kt[LUPVUZ WHZ 8\HZPTLU[ KLW\PZ PS LZ[ WS\Z ZY KL Kt[LUPY KLZ VISPNH[PVUZ IHUJHPYLZ X\L KLZ HJ[PVUZ KL IHUX\LZ 1L Z\PZ [V\[ n MHP[ ZLYLPU Z\Y SH ]PHIPSP[t KLZ IHUX\LZ :P KHUZ SL WPYL KLZ JHZ JLY[HPUZ t[HISPZZLTLU[Z t[HPLU[ UH[PVUHSPZtZ SH ]HSL\Y KLZ HJ [PVUZ Z»LMMVUKYLYHP[ HSVYZ X\L SLZ JYtHUJLZ VISPNH[HPYLZ ZLYHPLU[ ZHUZ KV\[L OVUVYtLZ TvTL ZP J»LZ[ H]LJ \UL KtJV[L 0S ` H\YH ZHUZ KV\[L KL SH JVUZVSPKH[PVU KHUZ SL Z`Z[uTL IHUJHPYL THPZ Q»LZ[PTL X\»PS U»` H WHZ K»PUX\Pt[\KL YtLSSL n H]VPY Z\Y SH KL[[L IHUJHPYL ZLUPVY =VZ JSPLU[Z ]V\Z KLTHUKLU[PSZ KL NHYKLY \UL WHY[ PTWVY[HU[L KL SL\Y MVY[\UL LU JHZO & /PZ[VYPX\LTLU[ UV\Z H]VUZ [V\QV\YZ L\ ILH\JV\W KL JSPLU[Z LU JHZO n *YtKP[ (NYPJVSL :\PZZL 7YP]H[L )HURPUN :\Y SL [V[HS KL SH MVY [\UL NtYtL LU]PYVU SH TVP[Pt LZ[ YtN\SPuYLTLU[ SHPZZtL LU JHZO *LSH [PLU[ WYVIHISLTLU[ n SH JVTWVZP[PVU KL UV[YL JSPLU[uSL ! ILH\JV\W KL 4V`LU 6YPLU[H\_ K»(ZPH[PX\LZ KL YLZZVY[PZZHU[Z KL WH`Z K»,\YVWL KL S»,Z[ *LZ WLYZVUULZ ZVU[ ZV\]LU[ KLZ LU[YLWYLUL\YZ X\P VU[ KLZ tStTLU[Z KL MVY[\UL L_WVZtZ n K\ YPZX\L KHUZ SL\Y WH`Z L[ X\P ZHUZ KV\[L LU YHPZVU KL S»PTHNL YHZZ\YHU[L K\ *YtKP[ (NYPJVSL WSHJLU[ KL S»HYNLU[ LU JHZO JOLa UV\Z KHUZ SL\Y KL]PZL KL YtMtYLUJL (]LJ SH JYPZL ÄUHUJPuYL JL[[L WYVWVY[PVU KL JHZO H H\NTLU[t ,[LZ]V\Z VW[PTPZ[L WV\Y S»t]VS\[PVU KLZ THYJOtZ JLZ WYV JOHPUZ TVPZ & 3H ÄU KL S»HUUtL ZLYH ZHUZ KV\[L KPMÄJPSL 3LZ UV\]LSSLZ n WYVWVZ KL SH .YuJL ZVU[ UtNH[P]LZ <U KtMH\[ PTWVY[HU[ Z\Y ZH KL[[L ZV\]L CRÉDIT AGRICOLE ,$,!1$ #$ + #(1$"3(.- &£-£1+$ #$ "1£#(3 &1(".+$ 24(22$ /1(53$ !-*(-& 1$2/.-2!+$ ,1"'£2 (-5$23(22$,$-32 %1£#£1(" +,.33$ .""4/£ 4/15-3 /+42($412 /.23$2 #$ 1$2/.-2!+$ "'$9 "1£#(3 &1(".+$ (-#.24$9

crÉdit agricole - financetrajectoire 84 automne 2011 trajectoire 85 automne 2011 sh kl[[l jvywvyh[l...

Documents