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Coincidence of timing. IMF-EU Troika-ECB chose the last week of the campaign to start in Lisbon's assessment mission. Whatever the outcome on Sunday of the early legislative, the next government already knows he will receive a very limited scope. Winner given according to recent polls, the opposition leader, Pedro Passos Coelho (PSD-center right), should apply as soon as possible the austerity program imposed by the troika, in exchange for an aid package of 78 billion euros.

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Greece must provide more work and results, said the French Finance Minister Christine Lagarde, who put pressure on Athens in an interview with Austrian daily Der Standard to be released this Saturday.

"Greece must deliver results and why the country must do more than during the last twelve months," said Christine Lagarde, whose name is mentioned as a successor to Dominique Strauss-Kahn to head the IMF.

Asked about her refusal of any debt restructuring, Christine Lagarde said: "We already gave Athens more time to repay its loans in the euro area is already a concession."He continued: "It is legitimate that we expected that Greece will make its share of work."

"We do not want a state of bankruptcy"

The French Minister of Economy recognizes that the Greek government has done things, "but there are still areas where things are moving too slowly", referring to privatizations. "Either Greece delivers results, then we can imagine additional help.Otherwise there is the question of how Greece is ready to play the game for its own bailout, "said ministre.Et further emphasized:" What we certainly do not want, c 'is a state of bankruptcy, a default in Europe ..

While the Greek Government discusses the rise in unemployment generated by the austerity plan, the minister reminded the unemployment rate in Spain, according to her superior to that of Greece, but where "the country still does its job, saved and managed to turn around. "

Challenge to implement a program

The rating agency Fitch, meanwhile, lowered on Friday noted the long-term debt of Greece to three notches. This is a new blow to Athens which also saw its borrowing costs on market reached a new record.Fitch lowered the rating of BB + Greek + to B, referring to the "challenge" for Greece that is the "implementation of a program of structural reform and radical tax necessary to ensure the solvency of the state and the foundations of sustained economic recovery "in the country.

"New fiscal austerity measures are necessary" to achieve that Greece's budget deficit target of 7.5% of GDP in 2011, said Fitch. The agency suggests including poor tax revenues and difficulties in implementing a privatization program.

Greece also saw its cost of borrowing on the markets at a record Friday, the rate of its ten-year bonds exceeding 16.7%. Sign that investors fear that Greece is not able to honor its debts.

The Greek prime minister said his country would repay its entire debt."We will refund the loans," said George Papandreou, whose country was granted last year a plan to help the EU and the IMF amounting to 110 billion euros to avoid it default.

But many observers believe that Greece will avoid a major restructuring of its debt, meaning pay creditors later or less than expected. But the European Central Bank precludes this scenario.

In the wake of Fitch, another rating agency S & P has for its part lowered by one notch the rating of the long-term debt of the Crédit Agricole to 'A +' cons 'AA-' before, because of its exposure Greece."We believe that the French banking group Credit Agricole is particularly prone in Greece, because of the issue of solvency and the economic outlook" of the country, particularly through its subsidiary Emporiki, S & P said in a statement.

(With Agencies)

The event is scheduled for Thursday evening at the Defense around 21:45. All skyscrapers are in the dark, while the First Tower, she will illuminate. One way to celebrate the inauguration of the "little one" which with its 231 meters just to rob the place of Montparnasse Tower tallest building in France totally free credit score.

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And three! According to statistics of job seekers registered at employment center in March, the number of unemployed in group A (did not work that month) declined for the third consecutive month. He even declined significantly: 21,100. Or reflux of 0.8% monthly, the largest since the crisis began bringing to 42,200 the decline in unemployment in a quarter. Another positive sign has to go back to the first quarter of 2008 to find the last virtuous cycle of three consecutive months of decline.

"We return to the situation before the crisis, welcomes Is there Ministry of Labour. Even if we are not immune to turmoil in the months ahead, the trend is a sustained decline on 2011. " A decline that could be much higher than 55,000 by early employment center for the entire year."We will do much better," promises one even rue de Grenelle where we put forward the 500 million new contracts helped decided in March have not yet been offered to the unemployed.

The reflux of March is all the more important that, unlike in January (19,300), it is not offset by an increase in suspensions and cancellations of registration at employment center. The government does not short the risk that this reduction was accused of "statistical" by unions. The suspension of registration for failure to update and deletion of files employment center in fact increased the thickness of the line in March, when they equaled the decline at the beginning of the year. Depending on the category called reference (which focus on government policies of employment), there are now 2 guaranteed approval cash loans.68 million unemployed in France.A variation reduced to 0.7% yoy, against increases of nearly 10% last year and more than 25% in mid-2009.

Higher for applicants with reduced activity this good news, however, are tinged with gray when viewing the data including job seekers with reduced activities conducted in March. The number enrolled in classes B and C (having worked less than 78 hours or more) rose by 10,400 and 15,400, bringing the total of 4700 + registered unemployed in A, B and C. In one year, the variation of this indicator – which fell only 3 times in two years – is + 3.8% to 4.045 million. If less than 25 years and 25-49 years away are rather better in March, it is different for more than 50 years whose enrollment continues to climb. 4% over one month and 13% in one year.It is certainly far from the annual increases – nearly three times – two years ago but the problem of unemployment remains unsolved fifties.

As is that of long-term unemployed whose number swells inexorably as every month. In March, he still rose 0.4% for enrolled for more than a year employment center where the average length of unemployment now stands at 448 days. Not since June 2001, ten years ago, to find such a level.

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At TEPCO, the operator of the central hilly Fukushima, everyone will have to sacrifice financially to repay victims of the worst nuclear disaster since Chernobyl. The Japanese utility Tokyo Electric Power, said TEPCO announced Monday a general reduction in salaries of its staff to reduce expenses. This is for her to pay their due compensation to the people of the region.

All will not suffer wage cuts of the same magnitude. Widely criticized for their handling of the crisis, the honorary chairman, CEO and other senior leaders TEPCO will see their annual emoluments amputation of 50%. The salaries of middle managers will be reduced by 25% and those of ordinary employees by 20%. TEPCO had already announced it would not pay dividends to its shareholders or for 2010 or 2011.

"We will apply these deductions to earnings because of the impact on our accounts of the amounts payable under the law on compensation for nuclear damage to those who have been victims, and because of the increased costs for rebuild electrical installations, "the company said in a statement. Tepco discount and make an annual saving of 54 billion yen (455 million).

Recruitment canceled

In addition, the company canceled a plan to recruit 1,100 people. These hires, planned for 2012, should allow it to expand abroad. Before his international ambitions are ruined by the disaster, including TEPCO planned to expand its business in construction and operation of nuclear facilities outside Japan.

"We sincerely apologize to the public and our customers for concerns and inconvenience caused by the accident in Fukushima," assured the group. "We will continue to make every effort to manage the current situation and reduce our expenses by focusing on stable supply of electricity and security."

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She gave a good month to sell everything. A few hours will suffice. Monnaie de Paris has attracted crowds during the weekend of April 9 to 10, when the sale of two new plays: 10,000 pieces of gold in 1000 euros the effigy of the Greek hero Hercules. A veritable gold rush, which has undoubtedly been very beneficial to the venerable institution. And for good reason: Each piece consisted of 20 grams of gold. What gives them the weight value of 650 euros at current prices, or 32.5 euros per gram.

But knowing that the Monnaie de Paris bought the gold that was used in the manufacture of these parts long before the launch of the operation, and given the fact that this metal has continued to surge in recent months, we can imagine that the profit was considerably higher than EUR 350 per room, well over 3.5 million euros in total! Even thinking about the parts of 100 euro money thrown at the same time: a weight of 50 grams and 50,000 copies drawn, they are only worth 47 euros at the current weight (0.94 euros per gram).

Side of the Paris Mint, its CEO, Christophe Beaux, wants to say anything about the benefits of the transaction. He recalls that it is "substantially lower" it looks, since we must deduct the cost of manufacture, knowing that "these pieces are quite worked." Still, this type of event takes place at regular intervals.Monnaie de Paris, which posted a net profit of 18 million euros in 2010 (against 16 million last year), in particular launch gold coins to 200 euros by the end of 2011.

The annoyance of numismatists

In contrast, numismatists s'agacent this success guaranteed payday loans. Worse, they scoff. "This is undoubtedly a very good deal for the state," quips Michael Prior, director of the Compagnie Generale de la Bourse in Paris, lamenting "a very bad investment." Among the causes of that nervousness: a few days after the sale, the professional has seen a Hercules gold for sale on e-bay at a price of 1200 euros. "After that, if the seller found a buyer, more power to him!" Coward he. According to him, the operation of the Paris Mint would be a scam. And buyers of laymen.

A bit bad player, our numismatist? A little. Because as pointed out by Christophe Beaux, a demonetization not valid.And thus, "the piece is protected by face value of 1,000 euros." So if gold were to fall, the buyer may in any case recover its initial investment. Driving the nail, the senior official added that "one must take people for fools." "They learn a minimum, he says. Thousand euros for a room, it is not nothing! "

Furthermore, it indicates that the 100 euro gold coins launched in 2008 by the Paris Mint, and equipped with 3.11 grams of gold, now worth almost as much weight as their face value. However, we must remember that an ounce of gold was used for flambé in times of crisis, and that if the economy improves, "catching up" of Hercules will not be as easy.

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Bob Dudley the CEO, and Carl-Henrik Svanberg, Chairman of the Board of BP has suffered for more than three hours Thursday afternoon in London, a barrage of questions from disgruntled shareholders in general meeting (AG). The year 2010 was marked by the deadly explosion of the Deepwater Horizon platform followed by an oil spill is unprecedented in the Gulf of Mexico had nothing to be worried and angry small shareholders. "I lost a lot of my savings," and has complained about Martin, "shareholder since 1954. Like him, thousands of British pensioners have seen their incomes while the action BP has lost 30% in one year, to a low of more than 50% loss in late June. The restoration of a dividend after a suspension for the last three semesters was a small consolation.BP, which had $ 41 billion set aside provisions for dealing with the costs of the disaster last year posted its first loss since 1992.

Outside, a small delegation of fishermen from Louisiana victims of the spill, unable to attend the AGM held in London's Docklands, protesting. A Texan was even arrested by British police.

Traumatized by the oil spill, the shareholders, including the Indians of Canada, denounced the exploitation of oil fields by BP oil sands in Alberta and considered highly polluting. Bob Dudley noted that the basement contains the second Canadian crude reserves after Saudi Arabia.

Strategically, small shareholders have also expressed concern about the stalemate of the ambitious project of BP to exploit vast deposits of the Russian Arctic with the public company Rosneft.The alliance announced in January accompanied by an exchange of shareholdings of 16 billion is blocked by the shareholders of BP's Russian joint venture TNK-BP. While the new deal should be completed on April 14, Rosneft and BP have agreed to postpone by one month maturity.

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Traders are convinced, Schneider Electric is about to start his tour in the waltz of mergers and acquisitions. Concordant sources, the industry group has approached Tyco International. Schneider Electric had made a bid of about $ 30 billion (about 20.76 billion euros) to encourage the Swiss group of safety and engineering to come to the negotiating table.

Information that contradicts this Wednesday, the group led by Jean-Pascal Tricoire. Management refutes indeed in a statement "to be currently in discussions with Tyco International over a possible strategic transaction." This does not mean that no discussions never took place.This is a formal response to rumors magnified the last three days about a possible interest of the French group to Tyco.

Now that he has denied being in negotiations with Tyco, Schneider Eclectric is forced by regulators to abandon any attempt for six months supply on the Swiss.

A Tyco spokesman confirmed to the press to have received an offer

The assumptions were yet in full swing this morning. And for good reason: this merger would make the new entity the world's leading security systems.

A Tyco spokesman confirmed to the Wall Street Journal that "the board is studying the proposal," he received with surprise. The Daily Telegraph said of his side as the board of Tyco has given the green light to a process of "due diligence" (consultative accounts).The two dailies ensure that JPMorgan and Bank of America Merrill Lynch attended Schneider Electric since September on this issue and that the most likely hypothesis was an offer in cash and securities.

Schneider Electric has even considered issuing the CEO Edward Breen of Tyco a seat on the board of the merged entity. But according to the Daily Telegraph, Tyco would not be willing to accept an offer below $ 65 per share.

At the NYSE, the title Tyco soared more than 7.4% to 52.33 dollars on the rumors and was thus valued at $ 24.8 billion (about 17.17 billion of euros). Conversely, in Paris, Schneider Electric has lost 3.5% to 112.90 euros per share, representing a capitalization of 30.70 billion euros.On two days, the title of the electrical equipment manufacturer has won more than 7.5%.

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In Paris, "a huge chunk of land is common property and land opportunities map does not exist," warns Michael Korsakoff, General Secretary of the Club property developers and land in Ile-de-France (CDIF). If the local development plan (PLU) gives clues to the land of gators, the mutation sites remains difficult to predict. So when a nugget of land is finally identified, "we all meet, as sponsors, on the same projects," says Veronica Guillemin, President of the CDIF. The bidding has become very difficult to measure … "In addition from 3000 € / m2 GFA (Gross Floor Area Net, that is to say actually building), the price of land flies. In a recent vast wastelands of Paris, in the heart of the new district of Batignolles (XVII), the City of Paris ceded the end of 2010 to Cogedim land to 3 800 € / m2 floor area.There are apartments sold off-plan more than 8000 € / m2. Their delivery is expected in 2012, this eco-neighborhood in saving energy. Some buildings will peak at 50 meters, 37 meters beyond the date authorized. The future high court will reach even 200 yards on the ground of a former station. Altitudes deemed inefficient, but that may be authorized by the latest changes in the local plan, currently subject to public inquiry.

In Paris, the property is seeking a future in height. Future but also social. In the eleventh, boulevard de Charonne, 8000 m2 of a former industrial site will give birth to 100 housing units in 2014. Meanwhile, in the thirteenth, a EcoZac flourish on the site of the former goods station at Rungis, which will combine offices, housing and social amenities.In the hunt to land, the BIA (concerted development zones) is cut, it will be understood, the lion's share. Social housing too. Yet in 2001, only the wide range of Paris left bank was a planning area. Teams of the Deputy Mayor of Paris responsible for Housing, Jean-Yves Mano, are on the lookout for the slightest bit. The intervention service division of the Directorate of Planning does not hesitate to preempt. "Provided that motivate the right of first refusal by a social housing project or general interest, it says there. In 2010, 11,831 declarations of intent to dispose (DIA) have been investigated. But only 2736 cases were studied with a magnifying glass, which led to 68 preemptions. "It is far less than in 2009 (93), and especially in 2008, where 146 pre-emptions had been decided …The City Council did, too, the cost of soaring prices, despite an annual budget of preemptions for 100 million euros. In the eighth, the response service to acquire land abandoned building, too expensive.

Paris could catch up by 2014 its backlog in social housing, with six years ahead of schedule. "10% of the space are changing urban Paris, Jean-Yves Mano evaluated. But a hundred other plots may be subject to negotiations, which we could consider 15,000 homes … "The City Council has established in recent years, the list of forty car repair garages … Rue de la Pompe in the sixteenth century, Renault has sold one at Sodearif, a subsidiary of Bouygues. Another avenue Mozart, should follow the same path … Each time, the City negotiates affordable housing, at least half of the program.Private developers and public donors, however, working in concert. Despite political tensions in the sixteenth century, several other sites, blocked for years by the use of residents, should result in parallel, such remedies being depleted low fee payday loans. In the key housing, particularly social services.

Committed to a policy of transfer tax, the state adds its contribution to the transformation of land in Paris. According to Jean-Martin Delorme at the regional and inter accommodation and housing (DRIHL), "in 2009, the state has allocated so that the land can be built 329 homes, including 194 social.In 2010, participation has increased, so that 1302 units are produced, of which 859 social. "In 2011, the state has spent on housing in Paris a bigger budget (100 million) for the regions and Rhone-Paca Alps combined.

Buildings over bus depots

Nothing would do but without the SNCF and RATP Réseau Ferré de France (RFF). Heritage Land SNCF? 156 hectares. That of RATP? 260 hectares. As to RFF, the second landowner in France with 103,000 hectares of land. "The RATP has today more than empty land," assures yet Rémi Feredj, director of space and heritage of the RATP, which helped in the 90s, building programs Montsouris, in the nineteenth, in the seventeenth and twentieth. And yet today, boulevard Jourdan, RATP still collaborates with the City of Paris for 200 housing units and 350 students.The buildings rise above a bus depot. Technical prowess. "Here in the twentieth, opposite our office, we will bury another repository, then build on top of offices, a school and a nursery," said Remi Feredj. RATP therefore maintains depots and workshops in Paris, but imagine a new land, while overlays and juxtapositions. Street Desnouettes (fifteenth arrondissement), 47 units will emerge behind a business unit of the metro line 12. According to a performance contract with the state, RFF is committed to mobilizing its land for 1.2 billion euros over five years between 2008 and 2012. Goal: Create 15,000 units in France. A private operator, Pitch Promotion, for example, already won in late 2010, a site RFF Street Castagnary (fifteenth arrondissement). Other rail sites could still mutate, in the twelfth, eighteenth, and nineteenth arrondissements.In all, "1 million square meters of floor area to fifteen years," we are assured at RFF. Meanwhile, in the nineteenth century, a new station-Gospel Aeolus will come with the added bonus of 27,000 m2 of offices and 1000 m2 of shops.

Meanwhile, to release more land more quickly, experts, to the State, reflect on fiscal measures. They are looking to reverse the plan capital gains and taxing landholders refusing to sell them. Tax on undeveloped land is not very effective. "We could consider increasing the property tax on developable land," suggested Poirot Pascale, president of the National Union of developers developers (Snal). Some suggest a tax on the minimum density.More iconoclastic imagine "to add another floor to Paris buildings, because very sparsely protected," recalls Henry Buzy-Cazaux, honorary president of the Institute of Management of real estate services.

The city of Haussmann has long obeyed an ideal city less dense, difficult to reconcile with the height of land planners in the twenty-first century. "You could also consider a rationalization of action, often abusive, hampering construction projects", he explains. An idea that engages players from all sides of the ruthless world of land development.

PSA Peugeot Citroën expects disruptions in its production of diesel engines in Europe, following the supply disruption from one of its suppliers, single component concerned. Japanese Hitachi provides a part mounted on a flow meter integrated in all diesel engines manufactured by PSA in Europe. This part is manufactured in a factory in Japan. And it is in the area devastated by the earthquake of 11 March.

The impact was initially limited due to existing stocks faxless pay day loans. It is no longer possible. Thus, European production of diesel vehicles the group will be affected from Wednesday. The decrease will be between 0 and 60% depending on the site.

The manufacturer will focus on new models, Peugeot 508 and Citroën C4 and DS4, and successful models, Peugeot 3008 and 5008.The group hopes that the plant output from Hitachi will resume within a few days. Meanwhile, PSA will implement measures laid off.