of operating profit as the Netherlands in Q2 2010. The Company remains unprofitable in France, Spain, Germany and Italy.
H1 revenues were down by -3% from 1.47 billion Euro in 2009 to 1.43 billion Euro
€œEurope was the last region to be affected by the downturn and although it held up relatively well during the first half, net fee income still deteriorated over the period. France proved to be the most resilient market
a stable Euro/Swiss Franc currency pair. Expectations for appreciation (-12.2 percentage points) as well as depreciation (-10.5 percentage points) of the Swiss currency declined significantly, so overall
, it is still very high compared to the rest of the world.
Job satisfaction levels in most countries are more or less similar to the last quarter of 2010. Employees in France, Italy, Poland, Mexico and India
protection between permanent and temporary contracts, and our general recommendation is that the gap should be reduced."
In countries such as France, Italy and Spain, where there is a high level