Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our ratio of earnings to fixed charges for the periods presented under IFRS.

	Nine Months Ended						Year Ended December 31,
	September 30,
	2010 EUR			2009 EUR			2009 EUR			2008 EUR			2007 EUR			2006 EUR			2005 EUR
Earnings
Profit before tax and discontinued operations		565			568			740			702			605			671			603
Add fixed charges		228			222			292			290			330			373			393
Subtract capitalized interest		(2	)		(2	)		(3	)		(4	)		(3	)		(3	)		(3	)
Earnings		791			788			1 029			988			932			1 041			993
Fixed Charges
Interest expensed and capitalized		152			151			198			203			235			279			304
Add amortized premiums, discounts and capitalized expenses related to indebtedness		3			3			4			6			14			10			10
Add estimate of the interest within rental expense		73			68			90			81			81			84			79
Fixed charges		228			222			292			290			330			373			393
Ratio of earnings to fixed charges		3.46x			3.55x			3.51x			3.41x			2.81x			2.79x			2.53x