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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)

Lefigaro.fr – The stock market crash experienced by the materials last week he requires investors to be more responsive?

Fabrice Cousté – We have entered a period in which electronic exchanges and automated to make faster and faster. This is not about to stop! Uncertainties about the euro and oil prices have created an appetite among investors for increasing trading currencies and commodities with a time horizon ranging from several days to a few seconds! Since early May, some hedge funds that had long positions in commodities and the euro came out massively causing a sharp drop of nearly ten dollars on oil. Meanwhile, the euro flirted with the $ 1.50 fell below the $ 1.45 and is now heading towards $ 1.40.These movements in raw materials could weigh on the CAC 40, including through lower oil stocks: Total, Technip and Vallourec.

What do you attribute the return of the volumes traded on the CAC 40 (six billion euro traded on average over the first two sessions of the week)?

These sessions illustrate the volatility of financial markets. And when I talk about financial markets, I do not take into account only the Paris stock exchange but also the Forex (currency market), which weighs 1000 times more than the CAC 40 (4000 billion dollars are traded daily on forex).

Is it out of raw materials?

The sharp drop ('sell off') shows that we are witnessing a situation of bubble that formed on certain assets (gold, silver, oil) and deflates even faster than many of the positions initiated at purchases were intended to hedge against a weakening greenback pronounced. This one covers the force, these positions are unwound or reversed, thus amplifying the plunge.

I would say that the recent plunge in oil is only a pause in a structural increase. I remain convinced that indeed the global economy is experiencing recovery, albeit slow, raw materials remain structurally high levels. Indeed, the double-digit growth in emerging countries may decrease, but these countries are on track for rapid expansion that will require more and more natural resources.We need to get used to the prospect of a sustained oil price at $ 100 a barrel and more in years to come. This new environment should promote market recovery for companies in "green business" (new energy, recycling, energy conservation) instant payday loan lenders.

What impact on portfolio management?

The sector rotations will be more frequent. In the short term we will also know where you have a new focus on defensive stocks such as telecoms and technology sectors expanding. As for values ​​that have real pricing power (the ability of firms to impose higher prices, Ed), the ability to pass the rising cost of raw materials in their products are preferable. This is where the champions of luxury such as LVMH and PPR values ​​but also with strong brands such as Danone and Essilor.

Conversely, investors should stay away from utilities and automobiles. Regarding the oil companies, I am negative court term and long-term positive. Good surprises are also possible for banks, but these are values ​​highly speculative and totally dependent on how the policies will manage the debt crisis of the Greek.

A more reactive wrong does not accentuate the lack of interest for individual stocks, considered a distribution medium or long term?

Today, it is true that individuals invest more to take risks but to protect themselves. They therefore turn to the massive gold or stone. The market environment has changed. It is uncertain therefore more complex to understand.But those who still believe the shares are able to adapt their trading, also passing through alternative platforms that will become the next referent of finance or by taking advantage of new business tools ("stop loss" orders intelligent programming strategy) that are available to them. Although the regulator wants to break the speed of trades and trading high frequency counter, it can not prevent the development of these platforms.

The Cac 40 barely exceed the 4200 points for three months. How do you explain it?

The revival of the Cac 40 depends mainly comeback banking shares. In view of its excellent results, BNP Paribas can return to a range between 70 and 75 euros and Societe Generale between 60 and 65 euros by the end of the year.The CAC 40 should not drop below 3800 points for corporate earnings in the first quarter are still excellent. Conversely, as the uncertainties regarding the recovery of Greece will not be lifted, the CAC 40 may not exceed the 4200 points.

Unusual activity for some time on the roof of the headquarters of Louis Vuitton Pont-Neuf. Above the heads of workers claw LVMH flagship 60,000 Apis melifera busy, flitting between balconies with ardor and green spaces nearby. Up to 3 miles away. A superhuman job. Consider instead: 4 million trips necessary to produce 10 kg of honey!

These bees towns were nestled there by the beekeeper Nicolas Giant at the request of the king of luxury. Hives in the hive after the bags, fashion jewelry, "LV" has become a honey! Purpose: To educate employees on environmental issues and biodiversity.The protection of bees is crucial, the hive cities produced four times more than the hive fields, where intensive agriculture, pesticides and its Asian hornet Maya threaten these benefactors instant payday loan.

"As sweet as honey", Louis Vuitton, the luxury first company to take this initiative, has made about the theme of its windows. In his first major harvest, she received 75 kg of honey, 500 pots rare, reserved not for sale but to employees and friends of the family. Louis Vuitton scratched nectar, but also labeled Honey La Belle Jardiniere, by reference to the roots of the seat. This was a natural …

On Wall Street last week, the Standard & Poor's 500 was royally awarded 1.96%, returning to a new level since June 2008. It closed Friday at 1369.61 points, rising 2.8% in April and 8.4% since the beginning of the year. The reassuring words of the President of the Federal Reserve, but also publications of the first quarter results of companies in the S & P 500 led him to move forward.

Indeed, over 324 companies over 500 have already published their results. And this statement is, at present, encouraging, "announced 74% earnings per share above expectations and 75% beat analysts' expectations on their turnover," says Christian Parisot at Aurel BGC. Only 62% of companies in the S & P Announce generally better than expected results payday loans.

In terms of forecasts, the discourse remains cautious.For the second quarter, 38 companies have lowered their projections of results and only 23 have reported. For 2011, however, 59% of predictions are reported. Among the heavyweights of Wall Street, have yet to announce their results, Pfizer (Tuesday), Time Warner, Electronic Arts (Wednesday). And the same day, Kellogg, Kraft Foods and Sara before Lee (Thursday). Three publications expected with a touch of apprehension, the margins could suffer from rising prices of food commodities, as food industry giants had trouble in pass prices.

As expected, Saint-Gobain began the process of IPO of its subsidiary Verallia the second quarter of this year. On Tuesday, the maker of glass bottles has confirmed that he filed with the bousières its core document, the first step to joining the Paris Bourse. No timetable is available for the following events.

Saint-Gobain, one of its major competitors Irish CRH, announced in October 2010 its intention to financial markets a minor part of its glass packaging business, which employs nearly 15,000 employees, produces 25 billion bottles and jars a year, and who made last year a turnover of 3.6 billion euros.

The French group intends to sell the subsidiary for several years because he does not longer considered a strategic activity in view of his refocusing on the habitat, but the demerger proposal had been suspended because of the economic crisis.

Volatility does not discourage small companies

Yet, for several months, the volatility and uncertainty in the markets in Paris have rejected more than one company. Examples: the placing on the market by 20% of Canal +, the giant Danish ISS cleaning or German shipowner Hapag-Lloyd went to the door. Groupama him, was postponed to 2012, as Veolia, Transdev. But despite all calls to markets by small companies have worked, as was the case with Tekka group (dental implants), Jemini (licensed products for children), and Biosynex (diagnostic medical tests).

"The French, chilly when it comes to major operations and less hardy than the Anglo-Saxons and Germans, however, are well positioned for this type of highly specialized companies," said Cedric Chaboud, director of institutional management in Lazard Freres Gestion. He cites the many operations that took place last year (37 transactions, for approximately EUR 100 million raised) in the image of the iconic Carmat (developer of artificial heart) in July.

Compared to large transactions that want to raise many important capital investors, these deals are less vulnerable to the economic environment."They are aimed at a much smaller customer groups and risks of a hostile reception from the market are limited," explains Franklin Pichard, director of Barclays stock.

Large operations snubbed, divisions favorite

If the classic introductions may scare investors, not to divisions that currently have the wind in their sails. They allow companies to streamline operations and reduce the market discount related to their holding company status, "said Cedric Chaboud.

After the success earlier this year of "spin-off made by ArcelorMittal, which separated from its branch stainless steel Aperam, other operations will follow. Including Carrefour, which has offered its shareholders a demerger of Dia 100% and 25% of Carrefour Property.

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The scenario is repeated on Wednesday. On Thursday, the Paris Bourse's CAC 40 climbed 1.95% to 3768.72 points shortly before the opening of Wall Street. Same movement in the rest of Europe: the DAX index of the Frankfurt Stock Exchange opened up 1.33% at 6600.77 points, while the FTSE-100 index of London Stock Exchange gained 0, 43% to 5622.27 points.

Operators being reassured by the strength of the Japanese market which has lost only 1.44% today. Caution, however. Markets, which had tried the rebound early yesterday afternoon, were unable to overcome their fears about the economic impact of the disaster in Japan. Very volatile, the Cac 40 in Paris was closed Wednesday as a sharp drop of 2.23%.The Dow Jones of the New York Stock Exchange had followed the same path, ending a decline of 2.04%.

Wait around the nuclear

Markets remain suspended to the efforts of Japanese technicians to cool reactors at the Fukushima nuclear power plant, while the situation deteriorated further on Thursday. In this context, the Bank of Japan (BoJ) announced it has injected six trillion yen (54 billion) extra in the money market today in two operations to support the economy after the earthquake, bringing to 34,000 billion yen (309 billion euros) its total contribution since Monday. The BoJ is attempting to stem the alarming rise of the Japanese currency. The yen has indeed reached a new record since World War II against the dollar in Asian trade, the greenback is worth more than 79.20 yen.An outbreak that the Japanese government has allocated to speculative movements.

Asian stock markets have plunged again on Thursday. According to Japanese newspaper Nikkei, a conference call would also gathered Tuesday afternoon with representatives from more than a dozen non-Japanese financial institutions about the market situation in the archipelago. Some have called for such an immediate closure of the stock market due to volatility. What the Tokyo Stock Exchange declined.

On the currency markets, the euro continued its rebound against the dollar on Thursday, while the yen was changing to levels not seen since the Second World War against the greenback, buoyed by speculation of remittances in Japan following the devastating earthquake on Friday.111H00 to Paris, the euro bought 1.4053 dollars against 1.3906 late Wednesday, its highest in four months.

The U.S. unemployment expected

A note in Europe, the Spanish Treasury has issued Thursday to 4.13 billion euros of bonds at 10 and 30, again with interest rates down from the previous similar show on February 17, This confirms the renewed investor confidence in the soundness of the economy.

It is within this context that several U.S. macroeconomic statistics are published.Among them, the index of consumer prices in February and weekly jobless claims (1330) low fee pay day loans.

Next came the industrial production for February (14h15), then the index of leading indicators last month and the index of the Philly Fed (15 hours).

Credit Agricole wants to quintuple its net profit

Lagardère: -0.45% to 29.80 euros

The group announced its plan to postpone initial public offering of Canal + France because of the events in Japan and financial market instability that results.By contrast, sales at Hearst Magazines International is not questioned.

Carrefour: + 0.70% to 30.10 euros

HSBC is the title neutral to overweight cons.

EADS: + 0.69% to 18.91 euros

German airline Deutsche Lufthansa AG has announced that it placed an order for 30 Airbus A320neo and five Boeing 777 freighter version.

Axa: + 3.23% to 13.76 euros

The buyer from PAI Partners in the capital of Yoplait will be known by the end of next week, said a spokesman for the fund. Seven candidates, including Bel and Axa Private Equity, are still in the running, sources said Reuters source familiar with the matter.

Credit Agricole to 11.09 EUR -1.73%

The bank announced on Thursday its net profit will increase fivefold by 2014 and confirmed forgo major acquisitions over the period.Credit Agricole, which presented its new strategic plan, said targeting a net profit of group of 6 to 7 billion euros in 2014 against 1.26 billion posted in 2010.

Bolloré: + 1.01% to 154.60 euros

NCT Necotrans announced its intention to file a criminal complaint Thursday with the prosecutor of Paris after losing in conditions he considers irregular, the concession of the port of Conakry, Guinea, on behalf of Bolloré.

Plastic Omnium is optimistic

Plastic Omnium: + 15.30% to 50.50 euros

The specialist automotive products and services to communities on Thursday posted a net profit increased fivefold to 150.7 million euros.He expressed optimism for this year.

Ruby: -0.43% to 78.49 euros

The group, whose net income rose 19% in 2010, believes that the level of its equity and low debt levels allow it to target new acquisitions this year. Specialist in downstream oil and chemical proposes a dividend of 3.05 euros per share for 2010 (+7%).

ADP + 0.23% to 60.13 euros

Traffic increased 5.9% in February, with 5.8 million passengers, including 4 million to Paris-Charles de Gaulle airport (+4.6%) and 1.8 million to Paris-Orly (+8 , 8%).

Eiffage: + 0.68% to 39.82 euros

Today is the expected decision of the Court of Appeal of Paris on the use of Arnaud Montebourg cons of PROs on APRR.

NRJ Group will publish its annual results after market close.

Public broadcasting is not easy, especially when we want to dust off a collective thirty years old. According to law, on February 7 in the evening, Radio France has submitted to the social partners, the draft collective agreement for journalists and the stepping for technical and administrative staff. These documents take a consultation that lasted nearly a year and a half. These texts were negotiated thirty-five days in total, and received a week's replay. Alas! This morning the Inter round the house refused to sign a document which it considers "flawed". She also asks to have as France Televisions an extension of discussions in a fortnight. The social partners have expressed their reluctance both wage than on the protection of employee rights.A petition is currently shipping with 700 journalists.

For its part, the management of Radio France considers that the text provides sufficient progress for it to be validated. Management hesitates between the continued discussions or apply unilaterally, and as she would be entitled to a number of provisions of this new agreement.

All parties are sticking to their positions because they know that the collective agreement of Radio France serve as a reference to France Televisions in the negotiations which should start from the month of March due to union elections last Tuesday

In the evening, giving the new association will be made public.And France Televisions will have until June to find a compromise.

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"The crisis is upon us. The finding of Stéphane Hamelin, president of the family group Hamelin (Canson, Oxford, Elba), the first European paper maker, is final. "After a great year 2010, we are facing a real collapse of our margins," says he. The doubling of the price of pulp (450 to 950 dollars per tonne since September 2009), which represents about one third the cost of paper, and the outbreak of chemical components such as polypropylene (+70%) have driven papermakers . Not to mention the doubling of the price of potato starch, used to bleach paper, or soaring oil prices.

Specifications at subway ticket

"We will have to spend double-digit increases from distributors, especially as the (price of) raw materials continue to rise," said Stephane Hamelin.On some products, prices negotiated in September last no longer reflect the reality of progress. "Basically, we are missing 4 to 5 points to pass to remain constant margins," he adds.

The soaring price of pulp is mainly due to the increase in Asian demand. "Weather conditions are deplorable in the world also made it difficult to logging," said Jean-Olivier Roussat, deputy CEO of Exacompta Clairefontaine (Clairefontaine, Quo Vadis, Rhodia …), which divides the market in France notebooks and diaries with Hamelin cash advance loan no fax. The earthquake in Chile, the second largest producer, has also destroyed many factories pulp.Moreover, the concentration of production in the hands of some twenty large global suppliers increases the pressure on prices.

Notebooks to pocket files via the subway tickets – manufactured by Clairefontaine – the production of many items is concerned. The article is more basic, plus rising raw material arises.

Thus, a stapled booklet of 96 pages Oxford, whose raw material (paper, cardboard) is half the cost, cost (ex-factory) is spent in one year from 20 to 23 cents (+ 15% ). The sale price consumers would likely switch to 53 cents, an increase of 10%.

Same calculation for a batch of one hundred transparent perforated plastic bags (Elba), which represents 70% polypropylene raw material. Hamelin asked retailers a rate increase of 24%.Finally, 20% could be passed on to consumer prices.

Faced with rising costs, manufacturers have little room to maneuver. In Canson, the inventor of tracing paper, purchased in 2006 by Hamelin, improves continually cutting corners to prevent paper losses.

The company has also developed a device that allows eco include reducing the use of cardboard in his pockets drawing paper.

"After a great year 2010, we face a real crush our margins"

More and more multinationals are looking towards Africa. The emergence of a middle class in many countries, and as many new consumers, fueling the greed of entrepreneurs and corporate rivalry. Starting with the operators of mobile telephony. While the number of phone users in Africa has surpassed the 500 million end of 2010, companies are waging a war without thank you to win new customers. Thus, Orange's ambitions: "Africa is one of our priorities. We believe there double our turnover by 2015. " The subsidiary of France Telecom is 7 billion euros in turnover in 2015 in emerging markets, represented 90% of Africa. Thus, the operator remains on the lookout for acquisitions on the continent.For its part, Vodafone has invested $ 2.4 billion to increase its stake in the first operator in South Africa, Vodacom. The British and India's Bharti Airtel has entered into a price war that led them to propose the "sms" to a penny (1.2 cents) in Kenya. And over the past ten years, Egypt's Orascom, the South African MTN and Zain Kuwait has invested about 13 billion dollars (9.7 billion euros) in Africa.

Another area subject to strong competition: the banks. The market is huge. Today, only 20% of households have a bank SSA. Societe Generale is betting on the Mediterranean and Africa and plans to open about 500 branches within five years.The major banking groups in Africa are also very present and plans to continue to attract new customers, like the First Afriland Cameroon, Gabon BGFI or Moroccan Attijariwafa Bank and BMCE.

The giant WalMart enters Africa

Also in the distribution, companies do their utmost to seduce the new class of consumers whose spending is expected to exceed 1.4 billion dollars in 2020 against nearly 860 million in 2008, according to a McKinsey study. World number one distribution, the U.S. giant WalMart, it comes to its entry into Africa by participating in 51% stake in the South African group Massmart to nearly 2.5 billion. L'Oreal, which already has several subsidiaries and markets products dedicated to Africans will continue to grow through innovations destined for the African population.Fnac, H & M and Gifi expressed their arrival on the continent.

Also in agribusiness, competition is required. So much so that the French giant Castel beer has collected 45% of the French specialist Somdiaa sugar (a subsidiary of Vilgrain), present in Congo – Brazzaville, Cameroon and Chad, to form a "new champion of the agro-industry in sugar. " The Dutch brewer Heineken has acquired five breweries in Nigeria, the second largest beer group in Africa Nigerian beverage Sona Group. And such examples of multinationals starting to conquer the African market are only the latest in a long list.

Infrastructure and transport, new targets multinationals

Companies are also urged to respond to needs in the areas of infrastructure and construction.While the population expected to reach 2 billion by 2050 against a billion today, the infrastructure needs are immense with less than 30% of the population having access to electricity and 59% are connected to water and open markets in Nigeria. EDF plans to put the focus on Africa. Soitec confirmed to be ready to deploy solar power. Chinese CCBC continues to expand in these areas. Alstom, Bouygues, Vinci and Orascom Construction also seek to advance their pawns, already established on the continent.

For large companies, the future is no longer played in the West but in emerging markets and particularly in Africa.Macroeconomic growth prospects attract: the IMF setting up 5% of GDP in 2011 and 74% of French companies operating in Africa think they are beneficiaries in 2011, as the barometer of the French Council of Investors in Africa (CIAN).

African groups assert in their domestic markets

African companies are also taking advantage of the development of their domestic market. The Egyptian Orascom Holding, the South African operator MTN or the Moroccan bank Attijariwafa are already present. And new businesses appear: Airlines Company Senegal Senegal to regional ambitions recently become available and other local companies should follow suit, as the Cameroonian Camair-Co.

Better still, some large companies are in turn to conquer Western markets.The South African SABMiller and Anglo American, present in the world could be pioneers in this field. Before you see the giant African acquire any Western societies … This could happen more quickly: the South African Steinhoff International plans to take to get your hands on Conforama, the number two European furniture industry behind Ikea.

Companies face risks: companies testify

Politically unstable, strangled by corruption, divided by state and ethnic conflicts, shortage of infrastructure: the risks that Africa does not discourage companies from investing there. Even the recent events in Tunisia and Ivory Coast have not due to ambitions of French companies on the continent.Asked about a possible change in strategy following the events in Tunisia and Cote d'Ivoire, France Telecom and L'Oreal do not plan to change their expansion goals on the continent. A spokesman for Orange said that the group withdrew its expatriate and a safety device deployed in these two countries where the operator employs 1,100 people in Tunisia and 1600 in Côte d'Ivoire. For now, the wait is required, indicate groups that entrust be prepared for crises. The situation is more worrying Orange Tunisia insofar as "the subsidiary is owned 51% by a shareholder who apparently has fled his country," says a union of Orange joined by AFP. The joint venture of France Telecom is majority owned by Marwan Mabrouk, a son of the deposed president.

"In Côte d'Ivoire, SMEs are suffering," said Alexandre Vilgrain, president of the Food and Somdiaa of the French Council of Investors in Africa, Cian, who represents the interests of French companies on the continent. The companies are careful not to take part, says the entrepreneur who "has no business thinking." He said that "entrepreneurs are willing to anything but civil war" but he believes that the situation "should not last." After the latest crisis in Cote d'Ivoire in November 2004, the Chamber of Commerce and Industry of Côte d'Ivoire (CCI-CI) had identified the destruction of 10,000 direct jobs and the disappearance of a hundred companies French.

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According to the letter dated Friday, brought to the attention of Figaro and sent by registered post to "senior position III C" holding the position of "Director of Front vehicle projects since 2006, the automaker said it had received" an anonymous tip involving namely, because (his) supervisor, Mr. Balthazard and indirectly Mr. Tenenbaum, Deputy Program Director electric vehicle "indicating that they have received" bribes ".

Explaining having initiated an investigation, "the responsibility of the compliance" of the company, submitted on January 6 in the "Compliance Committee" – editor's note: "Ethics" – Renault wrote that it "appears from these investigations than have "received money from foreign sources, leading to the conviction, given (its) responsibilities in a vital area for the future of the company (he has) given in exchange of strategic information for the company. "

Renault estimates, without providing details, that "these extremely serious acts indicate an intent to harm the company and constitute a serious and obvious to (its) obligations of confidentiality and loyalty to the company (..)»..

"My client knows nothing about the case against him"

Considering himself "unfairly hurt," Rochette Bertrand decided to strike back against the voices of his lawyers.

His advice Me Christian Charriere-Bournazel, intends on Monday sue for libel direct quote non-public proceedings before the police court. It refers to "the signer of the letter and the Renault is civilly liable," said the former president of the College. "I want to hold those responsible for the Renault to give us what they consider their evidence, since they did not have the reflex to give live to debate as they are now break the life of my client without having taken the precaution to say exactly why. "

In addition, Ms. Charriere-Bournazel has announced its intention to go as fast with Jean-Claude Marin, Public Prosecutor of Paris to learn the specifics of the complaint filed Thursday against X by Renault for "industrial espionage ."My client knows nothing about the case against him, he is put in food to the public and must be justified on the facts which we understand nothing, tenor Parisian rebels. We feel the heart of a trial of the largest Soviet era … "

On the social side of the record, My Marie-Sophie Rozenberg and Sabrina Gabyzon will enter into early next week the Industrial Tribunal to contest the dismissal of Bertrand Rochette saying that "the contents of the letter does not state specific allegations and Renault is based on mere belief can not justify a serious fault fast cash advance. "Both lawyers complain that the disciplinary procedure of the manufacturer is "based on an anonymous letter that does not ensure the reliability of the informant and that does not even mention Bertrand Rochette."

Accused of having opened an account in Switzerland

The executive in question, who maintains his innocence, had written to the director of executive management and senior officers of the Board a letter of two pages including Le Figaro has obtained a copy. Bertrand wrote Rochette being summoned by Patrick Pelata, CEO of Renault, Monday, Jan. 3, for a meeting on "management of the architecture of new vehicles.""So I was very surprised when Mr. Pelata me immediately announced that misconduct had been alleged (..) and that the company had evidence that I was involved in a case industrial espionage related to the electric vehicle with the key money and foreign powers. "

After being escorted from his home by Mark T., a former member of the Police Department for the Protection of the group, Rochette Bertrand says he was "accused of having opened an account in Switzerland on which corporation shall have been made in consideration confidential information that I trasmises to third. Marc T. reportedly said "they had evidence of what he said." "All this is strictly impossible, I suggested to Mr. T. to go to Switzerland to check up on conditions under which this alleged account was opened. "

Remembering be gone the next day early in the afternoon on the TGV to Geneva with Marc T. and one of his colleagues, Bertrand Rochette ensures arriving too late to see this bank account which he repeats all ignore. "It was decided to spend the evening and night in Geneva. Mr. T. we suggested a drink and dinner together, "says Bertrand Rochette. The next morning at breakfast, it was agreed that Messrs. T. and G. pass me up at my room in 10 hours. It was only 11:30 that these gentlemen have "reappeared" and informed me that the visit to the bank, which I still do not know the name, was canceled and we returned to Paris on the orders of Renault .. " This trip would have made abortion "qu'accuenter the nightmare" of the framework in question.

As part of his "dismissal for gross misconduct," Bertrand Rochette was served Friday the obligation to surrender on the field its "laptop, badge, car, mobile phone, credit card, and all business records (he) might have kept. "

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