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Greece will not wait long for the counter. Two days after the formal adoption of the aid plan of 110 billion euros in its favor, Athens seeks payment of an initial tranche of 20 billion euros, according to a government source quoted by AFP. The IMF should participate in this first installment to the tune of 5.5 billion euros, the rest from member states of the European Union.

Time is short. The Greek state has to repay a maturity of 8.5 billion euros on May 19 or next week. This is not all. "We must add all refunds coupon (interest on debt, Ed) of bonds issued in May in previous years, and there have been many," said Patrick Jacq, a strategist at BNP Paribas rate. To which must be added interest on the debt issued in foreign currencies.In total, it is not ? 8.5 billion that Greece should pay by the end of May, but between 11 and 12 billion euros, according to the calculations of the strategist.

Also remains an unknown: the short-term funding of deficit cash quick. Fortunately for the Greek government, after sending his letter to the European Commission, the Central Bank (ECB) and International Monetary Fund, Athens would receive 20 billion almost immediately, or "maybe in the day" according to a government source.

Because Greece has no choice now. She can no longer fund normally markets because of high interest "prohibitive," explained April Finance Minister George Papaconstantinou.

European aid comes not without consideration.The government has defied the unions and established an austerity plan of unprecedented severity, with the aim of reducing the deficit by almost 14% in 2009 to 8.7% in 2010. Events are also scheduled for tomorrow late Wednesday afternoon in Athens to protest against the severity.

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At a time when travel is no longer the preserve of a few explorers, the Expo is no longer just visitors to travel around the world but rather to give them vacation ideas. The Chinese are now just under 55 million to go outside their borders on vacation. By 2020, they will be 100 million. This will be the tourist population of the world's largest. And some countries are willing to settle for a small portion of these new visitors. "We want to capture a share of this growth. That's why we joined the program joined the Nordic sells northern Europe as one destination for Chinese tourists, "says Palsson Hrein, Consul General of Iceland in Shanghai and commissioner of the Icelandic flag Expo 2010, which has made tourism one of the three themes of the exhibition.The Icelandic Minister of Tourism will make even the Expo June 17 This day is an opportunity for Reykjavik to invite Chinese travel agencies and journalists specialized in tourism.

The correlation between tourist attraction and intention to visit the pavilions of the exhibition is obvious. The United States, Australia, Japan, Thailand, France, Italy and Spain were the most popular pavilions during the test days of the Expo last two weeks. They are also the countries most popular with Chinese travelers.

The smaller nations or absent from the traditional tourist tours competing ideas to attract maximum visitors to their pavilions electronic check payday advance. They hope to offer a promotion that no travel agency can never offer them."This is a unique platform to build the brand image of a country," said Debby Cheung, director of Ogilvy Public Relations in China.

Denmark did not hesitate to move her Little Mermaid bronze for the first time outside of Copenhagen. The exhibit coming to the center of the Danish flag to the end of October. Operation successful communication since the advent of the statue has become a major "buzz" of Chinese Painting Expo. The calculation is simple, with three million visitors a year, the Nordic country can hope to show one of its landmarks twice more tourists in half the time. Luxembourg followed suit by bringing his G?lle Fra (Golden Male), moved the Monument of Remembrance to the entrance of the Luxembourg flag Shanghai.

Others offer a real experience.In front of a screen that broadcasts images of snowcapped mountains, visitors can smell the Swiss chalet mountain air, spread by machinery, just before getting on a chairlift athentique rooftop while green building. "This is an opportunity to do direct marketing that does not stand in the next decade," says Frank Serrano, head of the France Pavilion at Shanghai.

More fear than harm. The Icelandic volcano spits ash and under no threat the European sky. The deadweight losses resulting from the disaster are expected to amount to 1.7 billion euros for the airlines, but "the recovery of the airline industry is not in question, according to analysts at Natixis.

There is good news since early March for the sector, with monthly data that highlight improvements in traffic and unit revenue. In addition, IATA (International Air Transport Association) has recently raised its earnings estimates for companies in 2010.

Although the relief is a priority for Asian companies and South America through a more dynamic economic environment, but companies in Europe and North America are also expected to rebound, "but more gradual.

Air France-KLM on the upslope

Natixis Securities is confident for the Franco-Dutch airline AIR FRANCE-KLM: the good news will continue, as the broker, which emphasizes the positive trend registered "throughout the fourth quarter of 2009/2010, with an increase in traffic March, which is one of their busiest months of the year. "The increase – the first 15 months – the number of passengers was thus elevated to 4.7% and load factor improved by 5 percentage points to 80.5% Guaranteed fast personal loans.

The unit revenues are also up compared to 2009 but are still lower compared to 2008.

The analysis bureau raised its price target on the value of 13 to 14.5 euros, explaining that such enthusiasm on the titles for the upcoming IPO of Amadeus, April 29 in Madrid. The travel booking company expected to raise between 1.25 and 1.36 billion euros to reduce its debt.This will be the most important introduction of European market since the beginning of the year.

Finally, the ash cloud, which should be operational in losing about 150 million euros in Air France-KLM estimated by Natixis, does not alter the optimism of the broker or investor: the Air France-KLM shares climb 1.63% on Monday to 10 hours and rate 12.45 euros. A similar level to that recorded at the beginning of the closure of major airports in northern Europe because of the cloud.

British Airways shares soar 2.6% at 239.8 pence on the London Stock Exchange.

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The U.S. administration smiles again. On leaving the G20 meeting in Washington Friday, Timothy Geitner has been shown. The Treasury secretary now considers that the recovery in the United Etatx will be driven by the private sector in 2011, implying that the economy will need at that time a support plan. "We are quite certain," he assured.

This is the first time since the end of the U.S. recession in the summer of 2009 that an American official raised the possibility of autonomous growth in the United States. In his speech, the more optimistic on the U.S. economy in mid-April, the central bank chairman Ben Bernanke had told Congress that the recent economic evidence "suggests that the increase in final demand would be sufficient to ensure recovery Economic moderate in coming quarters. "He did not, however, ventured to advance a date for a possible self-sustaining recovery.

These perspectives on the future economic conditions are more optimistic than the Treasury Secretary has made since his arrival at this position in January 2009. They are based mainly on economic indicators better than expected since the beginning of April.

Deficit

Asked how the administration intends to reach its deficit reduction monster, Timothy Geithner has again shown reassuring. According to him, Washington has promised to focus on deficit reduction in 2011. A date that coincides precisely with the arrival of a real growth driven by private sector efforts to lessen the fiscal stimulus.The U.S. deficit reached yet about 10% of GDP in 2008-2009 and could rise to 10.6% for the current fiscal year, which ends in late September.

In this regard, the U.S. Treasury Department said Friday in a letter to the chairmen of both houses of Congress and heads of the parliamentary opposition, that he saw sharply lower its estimate of the total cost of all measures rescue the financial sector taken by federal authorities since the beginning of the crisis. The ministry is now talking to a maximum of $ 87 billion, less than 1% of GDP.

Program to support the liquidity the Fed rescue of AIG, Chrysler and General Motors, through the aid homeowners in distress a year ago, the Treasury estimated that the losses of the state would reach 500 billion dollars, or 3.5% of GDP."This means that the federal budget deficit and public debt will be substantially below what was expected before," the Treasury.

The return of job creation

On the employment front, the optimism is also relevant. "Next month, I think we will create between 100,000 and 200,000 jobs," said Vice President Joe Biden on Friday during a trip to Pennsylvania. "At the White House, some say to me: 'do not you progress too'. Well, I'm here to tell you that in the coming months we will create between 250,000 and 500,000 jobs per month, "he added.

For now, the unemployment rate remains high at 9.7% of the workforce. "I'll tell you something, folks. We have not stumbled badly in the fall.As well we have designed our plan to end the crisis, we have a lot of good news on the road to recovery, "assured Joe Biden.

These statements come as the U.S. economy has created jobs in March in a way never seen for three years: 162,000 net jobs were created this month, according to figures from the Labor Department. The country began to "see the end of the tunnel," according to President Barack Obama.

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EUR / USD: The euro on a downward

Torn between good ZEW index of German industrialists in April and perennial concerns about the finances of Greece, the euro was hesitant. On Wednesday, he nevertheless resumed its downward trend started yesterday, when discussions begin in Athens techniques to study details of the mechanism of financial assistance that the country could then activate it if necessary.They should last about ten days after placement interviennet by Athens Treasury bills to three months worth of 1.95 billion euros.

The Bundesbank president Axel Weber has implied that Greece might need 80 billion euros of financial assistance to avoid bankruptcy, nearly double the amount provided by the European plan.

"Despite a modest rise in risk appetite, the euro remained under pressure during the night while the gap between Greek and German bonds rose to a new record of 478 basis points in the night, however, observed Michael Hart at Citigroup.

Pictet notes that "the return to rising world stock markets – after overruns linked to the case Goldman Sachs and the ash cloud Iceland – has left the dollar marble.

For Pierre-Antoine Dussoulier, president of Saxo Bank, the consensus presages a downturn in the euro.Support for the euro / dollar stood at 1.3280. One that is close, while the euro traded under $ 1.34 today, to 1.3387 to exactly 13 hours.

"Until then, support has remained resilient, but if it is broken, then the euro will fall to the next support, referred to 1.2455 dollar per euro, or levels in March 2009 and November 2008. The resistance is placed it, to 1.38 euros, but there is little chance that the euro is growing so very short term, the official said.

The pound sterling rose

While political discussions are underway with our neighbors across the Channel for the upcoming elections on May 6, the British pound is a positive trend, encouraged by the price index from March to well above expectations at 0, 6% against 0.3% expected.

It is 86.96 pence per euro and 1.5391 dollars on Wednesday.

Asian currencies purchased

Led by the change in monetary policy from the Bank of India Monday, Asian currencies continue to rise. As the NOK, which rises against the dollar at 5.8953. Even in Australia, the Australian dollar strengthens against the dollar and euro.

Canadian Dollar coveted

The Canadian dollar (CAD) remains the motto of all desires: while the Bank of Canada has hinted it may raise rates, the latter finally maintained at 0.25%. The loonie has flirted with parity from 1.0161 to 0.9941 Canadian dollars to 1 U.S. dollar. The momentum keeps a downward trend on Wednesday.

The central bank of Canada announced an upcoming recovery.It could then be the first monetary tightening of a G7 country.

* Definitions

• Forex: For Foreign Exchange, foreign exchange or market analysis • technical analyst or chartist. She studied graphic evolution courses. The research in the historical price behavior involved in a situation to predict the evolution of financial securities. • Pips: Price Interest Point. Unit rating for foreign currency. It designates the last digit is used: in the case of the euro, the fourth decimal place. • Trend: trend. • Range: Range. • Support: value as the price has little chance to pass down. • Resistant: value as the price has little chance of exceeding the rise. • EUR: Euro, USD: U.S. Dollar, or U.S. dollar JPY Japan Yen or Japanese yen, GBP: British Pound, CHF: Swiss franc .

The shockwave of the complaint Friday Constable American markets spread throughout the weekend. And one can see that the effect does not settle this Monday, while Asian stock markets are being hit hard by the announcement of the SEC's complaint against the U.S. bank Goldman Sachs to fraud, subprime.

Friday night, European markets have all fallen sharply after the announcement until the closing. In Paris the CAC 40 tumbled 1.94%, to finish the session under the 4,000 points to exactly 3 986.63 points.

On Monday, in the early exchanges, the flagship index evolves Paris were down 0.62% at 3961 points, settling in the 4000 points.

To follow Monday

No statistically significant anticipated this Monday in France and Europe. In contrast, the United States, the composite indicator of economic activity in March, released at 16 hours, will be closely watched.Side companies, Halliburton, IBM and Citigroup will publish their results in the first three months of the year. Three large trucks, respectively, in the petroleum, computers and banks, also highly regarded by investors.

This morning, were published sales for the first quarter of the group in communication consulting, Havas, and the automotive supplier Faurecia.

For the first (0.15%, to 3.91 euros), the activity was recorded up 1.4% thanks to a positive economic downturn in North America and Latin America.

The second (4.07%, 16.63 euros) cleared the first three months of the year a turnover of 3.2 billion euros, an increase of almost 60% over first quarter of 2009.Faurecia raised its growth forecast twice yearly.

Soitec publish its activity shifted after-hours trade (turnover in the fourth quarter) online cash advance. The securities were down 0.54%, to 11 euros.

A cloud supervised

The cloud of ash gives a halt to the aviation sector. The first estimate "conservative" established by the International Air Transport Association reported a cost of around 150 million euros per day for the sector.

According to analysts, it is difficult to quantify the losses of the airlines. But the flights accumulated losses – 63,000 this weekend as estiamtions – and the consequences concern.

To follow on Monday sector values, such as Air France-KLM (-6.3%, to 11.65 euros) in France, Lufthansa, Alitalia, British Airways, etc..

In addition, the fund took Qatari Diar 5% stake in leading environmental Veolia Environment (-1.67%, EUR 25), commits and industrial cooperation. With the participation of around 650 million euros, Qatari Diar is the fifth shareholder of Veolia. He will get a seat on the board of directors and will maintain its securities for three years.

Renault (-0.17%, to 34.4 euros) has decided to withdraw from the joint venture created to commercialize the vehicle low cost "Logan", and is considering launching a new range.

Side car, the first quarter was finished in beauty for vehicle sales in Europe. : 11.1% in March."The French are among the big winners" of the market upturn, according to Natixis Securities, while BMW continues its leadership against Daimler.

Credit Agricole (-1.55%, to 13 euros) and his Chinese counterpart Citic will enter into exclusive negotiations to create a global platform, including Cheuvreux and his nugget Asia, CLSA.

The hierarchy of best-selling cars on American soil was again upset. After one year in 2009 when Ford pulled its game and the beginning of 2010 when Toyota has suffered in the wake of massive recalls, the month of March saw GM regain its position as leader of U.S. auto sales. Toyota and Ford ranked second in the third.

Toyota saw its U.S. sales rebound by 40.7% to 186,863 vehicles, while they were down more than 15% and almost 9% respectively in January and February. Jiom Lentz, head of the U.S. subsidiary, expected on Tuesday in an increase of about 35%. In Japan, sales rose 50.7% year on year in March to 204,514 vehicles.

General Motors rose by 20.6% in March on a year in the United States to 188,546 vehicles, having already increased by 11.5% in February.Excluding those marks with a group is to separate (Saab, Hummer) or is being closed (Pontiac, Saturn), the increase in GM sales reached 43.3%.

Ford returns to No. 3

Ford's side saw its sales jump 40% year on year to 183,783 vehicles in March, the United States. Excluding the Swedish brand Volvo, which has just been sold to Chinese Geely, the rising sales of Ford reached 43% in March. The group had already seen its sales increase by 43% in February over a year.

Sales for the former No. 3 U.S., Chrysler, are in turn divided down in March, with a decline of 8% year on year to 92,623 units, after registering a slight increase (0.47 %) in February.

Finally, Nissan reported Wednesday a rise of 43.3% over a year in sales volumes in the U.S. in March. In total, they amounted to 95,468 vehicles.

"Toyota recalls 3.8 million vehicles in the U.S.

Ford has recalled more vehicles than Toyota

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The online banks will have to convince the French still reluctant. A BVA survey conducted for the Dutch bank ING Direct, four out of five French are not ready to transfer all or part of their funds in a bank online.

Requires close

The first reason given for their refusal is the need for closeness (89% of responses). Even if they are not all satisfied with their current bank, the French chose an institution primarily because it is easy to reach from home or workplace. Then (74%), fear of having no one to contact if problems or unexpected. Finally, the desire to maintain a customized report with a counselor is paramount for 68% of the 736 respondents with an internet connection … and 73% of them feel just as consultants online banks are unreachable.More surprisingly, the French fear the formalities of transfer of accounts and especially the closing costs from their current institution. But the closure of checking accounts are paying more since 2005!

Fresh lean

Yet the French recognize the qualities of online banks. Some like their fee policy on current operations or the free cards are recognized strengths. 35% of respondents spoke as a major factor in choosing a bank. The hourly range is also appreciated. That leaves working on customer relationship … ING, which currently has 750,000 customers in France, with 500,000 more expected within 6 months.

"See the BVA survey for ING Direct

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"It is first on the Internet that we follow his accounts

Nicolas Sarkozy is he fell off the bed? The Head of State arrived well ahead of schedule Saturday morning at the Salon de l'Agriculture in Paris. While appointments had been given to the press at 9:00 am, for arrival between 9:30 and 10:00, the President took everyone to court in arriving at 8:30.

Half an hour before the exhibition opens to the public, and while all the journalists had not yet arrived, the head of state has been able to finish a quiet and calm in a tense situation. It is accompanied by Ministers Bruno Le Maire (Agriculture) and Michel Mercier (Rural Areas and Regional Planning).It has been particularly welcomed by Jean-Michel Lemetayer, president of the National Federation of Farmers' Unions (FNSEA).

"Nicolas Sarkozy is taking its time"

While departing from the tradition, the president has not opened this year's Salon de la Porte de Versailles, it was eagerly awaited by farmers who suffer the brunt of crisis. The Salon de l'Agriculture has always been a difficult visit to Nicolas Sarkozy payday advance . Two years ago, his baptism of fire as president had led to a controversy surrounding the famous phrase, coined a visitor who refused to shake his hand, "Casse-toi pauvre con". Especially, the current president's hard to bear comparison with his predecessor.Jacques Chirac is in fact very comfortable in the exercise, which he demonstrated again Friday during a visit acclaimed.

"It seems that Nicolas Sarkozy, who usually do not linger in the aisles of the Salon, decided this year to take more time to listen to farmers," explains one of the envoys of Figaro on site, which also describes the security services "tense". Anxious to avoid overflow, the bodyguards of the president are intractable. The Roundtable, scheduled for the morning with representatives of the agricultural world, will take place elsewhere out of sight, journalists are invited to follow from the newsroom.

More to come on lefigaro.fr …

Run on electricity, that's fine. Able to recharge its batteries at lower cost and across Europe, it would be even better. This should be discussed at the Council of Ministers Franco-German held this Thursday. The industrial stakes are high, one that will impose "its" Standard for recharging points will be a step ahead. Schneider Electric intends to play this card against his rivals, the French SME in the German equivalent of EDF, RWE, through the Italian or Chinese groups.

The stakes are high. Primarily economic. By 2015, automakers estimate that 10% of French Park, 3 million cars will be electric. To ensure mobility, it takes at least 2.5 terminals per car. Schneider considers prudent in this market "several hundred million euros" for France.But the group is also Europe and the United States, a potential billion.

The second challenge will be to ensure a "green" power users of electric vehicles. "If we must give way to coal fired power plants when everyone recharge his car returning home at about 19 hours, the environmental challenge will be lost, schematically Philippe Delorme, Chief Strategy and Innovation at Schneider Electric. The challenge remains to bring to market vehicles "carbonizing, then using renewable electricity (wind, solar or nuclear). To avoid these peaks of consumption will require that the electric charging stations are able to interact with the network, identify the peak hours and recharge the batteries during these periods.Of course, there is no question of forcing drivers to plug their car between midnight and 3 am, but rather to encourage them with a display of the estimated cost of recharging. "The limits of public support will display two options, a slow charge, for four to six hours at optimum cost, a fast charge, in about thirty minutes, but probably more expensive," said Philippe Delorme instant payday loans .

4.4 million terminals in 2020

These famous terminals will be installed in car parks, private or public, on public property, in columns of 1.5 m, but also in homes. At home, they have the size of a "computer briefcase, with promises be an effort to ergonomics and design. Their installation will require an adaptation of the electrical installation.Recharge a car battery does not require the same amperage as plugging in a toaster! This installation should nevertheless be accessible on the order of 500 to 1 000. An investment that can quickly be profitable if one considers only 3 euros for electricity should be able to run 300 kilometers, cons twenty euros with a heat engine for the same distance.

For its part, the Government has already announced a 1.5 billion euro investment for the installation of 4.4 million terminals in the territory by 2020.

"Under the aegis of Jean-Louis Borloo, Minister of Environment, a working group is studying the establishment of a standardized European solution," said Philippe Delorme. It is a car built for the French market can be recharged in Germany. "This issue goes beyond the issue of compatibility of electrical outlets.Charging a car battery will involve many functions of "dialogue" with the loading terminal, even if only to determine its energy needs.

It will also be able to choose between a slow charge, softer to the battery, and a rapid and determine the cost of the operation. Other points are still under study, such as taxing to the terminal of the new "fuel."

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