International & World Report

"We resist '. That is what could be read on the sign of one of the protesters took to the streets of Athens on Saturday to protest against austerity measures additional adopted by the Greek government to clean up its public accounts. Responding to the call of the country's two main unions, GSEE (private sector employees) and ADEDY (public sector), the thousands of protesters denounced the identified "social barbarism" After the enhanced supervision of international institutions in their countries . "We oppose the government and the memorandum for these barbaric actions and antisocial," said Gregoris Kalominis, an official of ADEDY.In a joint statement released on the sidelines of the event, the two unions have called for "a different economic policy, with measures of development and social measures that preserve jobs and increase our social and economic rights."

A plea against the recent economic decisions imposed on Greece. Yesterday, the country has received the "troika" (European Central Bank, European Union and International Monetary Fund) the green light for the payment of this summer's fifth installment of the loan of 110 billion euros granted in 2010. But a green light conditioning to "accelerate fiscal and structural reforms in the country", which Moody's rates still at 50% the risk of default within five years. Enough to arouse the wrath of the unions.Indeed, George Papaconstantinou, the Greek finance minister, has already announced it is less than a month an austerity plan for 2011, about 6.4 billion euros.

Hardening of social climate on another front

After nine general strikes, mobilization has been moderate on Saturday. The demonstrators were mostly employees of the public power company PPC, port employees and teachers. An event that went smoothly. Nothing to do with the excesses seen in previous demonstrations.

Mobilization and social deterioration seems rather move on another front, the less supervised by trade unions or political parties. Already experienced in Spain, a spontaneous party Internet illustrates the ras-le-bol of the Greeks, that of "outrage".Now, they do not hesitate to take sides publicly in the political class and physically, according to them responsible of the current situation. For ten days, these "outraged" gather every evening on the Constitution Square, just before the Greek Parliament.

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Arnaud Lagardere is now the sole master on board of a subsidiary of sports rights and live shows, Lagardère Unlimited. Discreetly and after two years of wrestling with his bodyguards, the head of the Lagardère group has decided to dispose of Olivier and Stéphane Schindler Guiguet, numbers one and two sports. Two evictions, revealed by the website of the Nouvel Observateur and La Tribune, which is concomitant to that of Christophe Bouchet, the CEO of Sportfive sports rights agency and principal subsidiary of Lagardère Unlimited.

In 2006, Arnaud Lagardere has the intuition of the potential market for sports rights. He also knows that this activity requires a critical mass consistent. To quickly position, he must hit fast and hard. He does not hesitate to put on the table 865 million euros to acquire Sportfive, a leading market players.

In the process, it will expand this activity with the arrival in the lap of the group of players such as IEC in 2007 and World Sports Group in 2008, followed by the acquisition last year's Best (Blue Entertainment Sports Television) American expert in the representation of athletes and the purchase of 30% stake in the American academy of sports training Saddlebrook. Two operations to "several tens of millions of euros," he admits. Arnaud Lagardere, it is clear that the market for sport and entertainment is its future. "Sport is a market of 100 billion dollars", he still recalled when publishing the final results of the group.

Trading at European level

Aware after the time of acquisition is that of consolidation, it equips its assets in May 2010 of a new structure called the Unlimited, which succeeds Lagardère Sports.She becomes the equal of other major subsidiaries of the media and he becomes the president instead of his lieutenants.

But this tutorial is not enough to take off the activity. In 2010, its sales collapsed by 23% to 396 million and its losses amounted to 96 million euros. In defense of Arnaud Lagardere, new players with deep pockets is coming to the market beginning with the Gulf countries. In addition, the European Commission is considering changing the rules of trading rights to be bought at the European level rather than nationally. What sharpening a little more competition. For the entourage of Arnaud Lagardere, it is clear that to succeed we must therefore focus its resources on a few key disciplines such as football. The head of the Lagardère group has not given up "to be the world's number one sport in five years."

The Paris Bourse started the week on a small decline. Has the image of Asian stock markets this Monday morning, the CAC 40 closed at 3942.53 points (- 0.21%). Today, the London hotel market is closed while Wall Street will not open either and will celebrate Memorial Day (as every last Monday in May).

This Monday was followed in particular the impact that will follow the announcement by Germany to shut down its last reactor in 2022. The country became the first industrial power to abandon atomic energy. Already in China, the values ​​related to coal soared when he appears as the best vehicle for investment, better than solar or wind power in the future.

European side, the news is charged.The Greek Finance Minister George Papaconstantinou said was confident Sunday in the payment of the next tranche of EU-IMF loan to avoid bankruptcy for rejecting an article of the German weekly Der Spiegelmettant doubt this release. Note that the Athenians flocked in their thousands on Sunday night in the central square of the capital, before the parliament, the fifth day of a successful mobilization against austerity, modeled on the Spanish "Indignant".

Ireland, she may have to request a new loan to the European Union and the International Monetary Fund if it fails to return on the bond market to raise funds next year, said Minister of Transportation the columns of The Sunday Times.

On the foreign exchange market, the euro retreated slightly against the dollar Monday in a quiet market due to the closing of financial centers in the United States and England. Around 0900 GMT (1100 Paris), the single European currency was worth 1.4291 dollars against 1.4317 dollars on Friday night.

Values ​​on the forehead, that Monday is the day of commencement of trading of shares of Areva. The beginning of the session is particularly volatile for the action that keeps change from red to green leaves about 2% to 29.65 euros.

The group's president, Anne Lauvergeon, also believes that the nuclear reactor projects under consideration will be delayed by about 6 to 9 months because of the review of data on plant safety, said Monday its president .

Renault leaves% to 0.70% 38.79 euros while known to be the name of the successor of Patrick Pelata to senior management. Portuguese Carlos Tavares, 53, an avid sports car and head for the Americas of the Japanese Nissan, Renault's affiliate, should be named the number two automaker French.

Dexia 0.21% leaves% to 2.413 euros. The Belgian-French group will pay no dividend for 2011 due to the cost of asset sales announced Friday, said its chairman Jean-Luc Dehaene, Belgian daily L'Echo.

EADS is virtually unchanged (+0.02% to 22.42%).Its executive chairman Louis Welsh said that he supported the introduction of a veto in the defense sector to prevent hostile takeovers, in an interview with Focus magazine. "It's not about bags and luxury goods, we are in an area of ​​national interest," he said.

Technip leaves 0.43% while the group was selected by Samsung for its Floating Shell gas extraction.

Total (-0.23%) acquired 25% of an exploration license offshore Qatar for an offshore field that extends over 5,600 square kilometers.

Petroleum.The Economy Minister Christine Lagarde said Sunday that the government could impose on oil to reduce fuel prices at the pump if they do not justify the price drops enough found so far by the administration.

Hermes pressure

Hermes was down 0.17% to 179 euros while the group holds a very important meeting on Monday. Saddler said the appeal: the voice of Hermes family shareholders, Bertrand Puech denounces "attempts to destabilize" the company by LVMH. The Adam, she filed a lawsuit that the family can not merge into a holding company.

L'Oreal (-0.06%).Daughter of Liliane Bettencourt, Françoise Bettencourt Meyers, June 6 to ask the investigating chamber of the Court of Appeal of Bordeaux to cancel all records Bettencourt, citing a procedural issue attributable to the prosecution Nanterre.

Trading in Meetic is suspended while his American counterpart Match.com Announces Intention to bid for all outstanding shares of the French site. Internet dating site offers 15 euros per share in cash offer for its competitor.Its parent company said already hold 27% stake in Meetic.

Medica (0.83%) announced Monday it had signed an amendment to the credit agreement that was signed in June 2010, taking advantage of favorable conditions in the debt market to increase its financial capacity.

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"Controversy over a plan to double aid to Portugal

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What is the real plan of assistance to Portugal? Since Friday, the question is on everyone's lips in the country. Doubts have been launched by the third television station in the country, Sic, who spoke of the existence of two different versions of the plan signed by the European Union (EU) and the International Monetary Fund (IMF) with the Socialist government resigning.

Thus, a first version of the document, signed May 3 by the Socialist government after talks with the troika (EU, IMF, ECB), has been submitted for approval to the two main opposition parties, the PSD (center right) and CDS (right). But it is another version of the text, including changes in schedule, which was eventually signed officially by the government on May 17 in Brussels at a meeting of EU finance ministers.

A surprise for the opposition

This revelation has caused controversy in the country, forcing the Ministry of Finance to explain. In a memo to reporters, he confirmed the existence of "ad hoc adjustments" between "the draft memorandum of agreement" developed in Lisbon and "the final version signed by the Ministry of Finance, the Governor of the Bank Portugal and the European Commission on May 17 low fee payday advance.

Similarly, the outgoing Prime Minister Jose Socrates said the parties had signed "two documents, one with the European Commission, the other with the IMF, and the final text did the" make compatible . But for its part, the president of PSD, Pedro Passos Coelho says "not having been informed of these differences," which he said "are not just small adjustments."

For the socialist Jose Socrates, this mess falls at the worst time. The Prime Minister, who resigned in March following the rejection by parliament of its austerity program, is indeed a candidate to succeed himself for early parliamentary elections on 5 June. This Saturday, surveys conducted for the newspaper Publico and Expresso weekly show that PSD collects between 33.9 and 35.8% of the vote, beating the Socialist Party, credited with 32.3 to 34.1% of voice. CDS (right) remains in third place with 11.3 to 13.4% of the vote.

(With Agencies)

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"Suicide remains as THE SOLUTION." With these terms Remy, France Telecom employee who set himself on fire at the site of Mérignac Tuesday concluded a six-page letter, sent to the director of social relations and the HR group, Brigitte Dumont . This document, which has acquired the website Médiapart, quoted by Le Parisien and Aujourd'hui en France-, dated September 2009, when the company was plunged into controversy following the suicides of several employees.

At that time, Remy already denounced the "cowardly, poverty and lack of managerial responsibility" that prevailed at the highest level of the company.On a smaller scale, pressure from managers suffered by him and his colleagues is also highlighted with specific examples, as the site of Périgueux: "You and you you're welcome physical tomorrow morning, you will help these cons of trading, it will teach you to live, "would have launched one of the managers. "No control, no reaction," protested the employee.

"Those who are left are very poorly"

Citing a "terror management as well," Rémy, 57, talks about his own situation, he said, is the same for most workers over age 50 victims reorganizations. According to him, this category is often placed in positions that have nothing to do with his skills."Frames dispossessed of their power, they do nothing," he described, adding that "those who are abandoned and forced to cope with failure in everyday life are very bad."

At the time, Remy tries to change his position. It was not until a year after sending the email to be reassigned to a job more in keeping with his profile.

The last post

From Florence Baillard-Bordes, coordinator of the CFDT delegate quoted in Le Parisien, Remy was "hopeful" in the first days of taking office last fall. "But since the beginning of the year, he felt very disappointed. He told us that the measures announced were a smokescreen, "referring to the new social contract established by Stephane Richard, successor to Didier Lombard.

Also, last February, he sent another letter, by mail to the site director of Bordeaux Chateau d'Eau and uses the copy shop steward. As responsible for prevention, he mentioned the case of an outstanding colleague and again denounced "the methods that should have been abolished." He wanted to be convened to discuss in more detail but it was never answered. "Rémy was outstanding for several years and has not been heard," says Florence Baillard-Bordes. His family claims now follow "legal, political and social in this case," says Gilbert Hanna, union Solidarity 33.

For his part, Stéphane Richard promises to learn from the suicide of the employee: "I intend to do that this investigation is particularly thorough and transparent," says he.

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Strawberries that taste, crunchy and tasty carrots, strained the farm … in good milk products of the 450 gardeners and farmers grouped under the name the small producer a hit in supermarkets. Latest additions to the range, dairy products available since March in more than one hundred Monoprix Paris. "I sell yogurt 20,000 per month to Monoprix, which has undertaken over one year," said Philippe Ridet, a farmer in the Yvelines Allainville. My products are best valued by at least 10%. "

An approach that meets the expectations of consumers. "The future of agriculture is at the local! Launches Bruno Le Maire, Minister of Agriculture and Food, a staunch supporter of the Small Producer. Import apples from Chile is an economic and social aberration.Consumers understand less and less why, in France, we are bringing products from across the world. "

But to bring supply and demand, it was still necessary to involve the supermarkets. "The idea is to create a link between man-made production, the farmers and consumers," said Stephane Macquaire, Managing Director of Monoprix. It is up to us to further develop this proximity between production areas and our customers. "This loyalty to our customers who have confidence in these products," adds Didier Debievre relations director with the agricultural world at Carrefour.

The latter has also embarked on the process. In the hypermarket Carrefour d'Aix-en-Provence, Ludovic Bonnafoux, a small producer in Grans, near Salon-de-Provence, is two months since the incumbent local provider.Photo of the gardener and his wife Magali is displayed in a large center island fruit and vegetable store online cash advance. Last week, the baskets of pot-au-feu accompanied by a recipe went like hotcakes. "It's just my department, I want it to be perfect," said the gardener, who regularly checks the status of the stand. "This partnership assures me every week and saves me an outlet to sell off my surplus," said Ludovic Bonnafoux.

Distributors to the local search

"The original idea was to allow consumers to know where did the products," explains Nicolas Chabanne, founder of the Small Producer, an association formed in 2003 to assist producers. He began by organizing direct sales at farm, then became known by delivering hospitals, the press and politicians.First and foremost the president, Jacques Chirac at the time. After four years, Bernadette eventually even receive the producers in the hall of the Elysee. Next step by the summer school canteens. Bruno Le Maire, who wants to change the legislation on tendering, will enable them to buy from local producers.

Small Producer of Fame, which was formed in the meantime a limited company, it has gradually win against the distribution. Sold up to 30% more expensive fruits and vegetables appealing all signs, happy to have more than one partner. The small producer, which began with convincing luxury shops such as Fauchon and La Grande Epicerie, now 600 products referenced in a thousand points of sale.Its sales this year expected to exceed 10 million euros, three times more than last year, and hopes to be the beneficiary in one year. His next challenge, decline the concept of small producers in the meat.

"Participation is beyond anything we dreamed. It's fantastic. It is the largest event in a generation in London, "enthused the general secretary of Unite union, Len McCluskey. "There is a palpable anger in this country and hundreds of thousands of people came here to say cash advances pay day loan. According to police, there would be almost half a million people, "he said.

Protesters across the Waterloo Bridge. Photo credits: Paul Hackett / Reuters

Aegis has published annual results this morning encouraging. In 2010, the British group, which specializes in media buying and market research, has a turnover growth of 6.4% at constant exchange rates, to 1.46 billion pounds (1.68 billion euros). Organic growth, the key index in the communication sector, stood at 5.8%, thanks to strong performances in the U.S. and Asia. Performance reached by the two pillars of the group: organic growth of Aegis Media (media buying) is up 5.7% while that of Synovate (research) rose 5.9%.

However, earnings before taxes fall from 25.6% to 68 million pounds.The group's profitability has been weighed down by special charges including the potential loss of money owed by one of its key customers in Spain, the food group Nueva Rumasa, who need a supply of 26 million pounds.

In 2011, Aegis expects growth in organic revenues at least equal to that recorded in 2010.

After these announcements, as Aegis jumped to the London Stock Exchange. While the FTSE-100 index of leading British place, ahead of 0.52% at 11 hours, Aegis rose 2.99%.

Aegis participation "financial" Bolloré

The main competitor of Aegis, WPP, Omnicom and Publicis Groupe have also issued strong performance for 2010 with organic growth of 5.3%, 6.4% and 8.3%.

Recall that the largest shareholder in Aegis, Vincent Bolloré owns 29.9% of capital.The French businessman, also a shareholder with 32.9% of Havas, said recently that its stake in Aegis was financial and that it was "not destined to remain forever" in its asset portfolio .

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U.S. stock markets end up more or less sustained on Friday night. The Standard & Poor's 500 ahead by 0.19% to 1343.01 points, the Nasdaq 100 wins symbolically 0.08% at 2833.95 points. For its part the Dow Jones rises more frankly of 0.59% to 12,391.25 points.

Despite low volumes and a myriad of signs that rating is ripe for a correction, the Dow and the S & P-500 are of the highest in more than 30 months. The Nasdaq Composite him at the top for over three years. The S & P 500 is up 28% since early September and has doubled its level at the end of this week, compared to its low of March 2009, which represents the rebound 100% the fastest pace since the Great Depression .

The technical elements betray an overbought market but for weeks that the stock market defied expectations of a downturn, analysts arguing there is no shortage of investors willing to jump into the market at the slightest sign of weakness on the side for purchases on the cheap.

Investors, however, show a little worried after China announced the increase in reserve requirement ratio of its banks for the second time this year.A measure to fight against the abundance of liquidity in the economy and inflation and cons which always causes a little anxiety in the markets while China is one of the engines of global recovery.

Also note that the U.S. financial markets will be closed Monday.

The euro rebounded sharply against the dollar Friday, buoyed by renewed speculation about an early recovery of the rate of the European Central Bank (ECB) fueled by bullish about a board member of the institution. Around 15:00 to Paris, the euro bought 1.3646 dollars against 1.3605 dollars on Thursday night, the highest since a week.

On the macroeconomic front, there is no major indicator on the agenda of U.S. investors on Friday.However, the president of the Central Bank, Ben Bernanke, intervened in the G20 ministerial held in Paris, which are attended by Finance Ministers and Governors of Central Banks of the twenty richest countries in the world.

Bernanke defends monetary easing

The chairman of the Federal Reserve has defended the use in developed countries, the monetary easing measures, accused of causing the overheating market émergents.Selon Ben Bernanke, other factors such as the rigidity of exchange rates, themselves are also responsible for the monetary difficulties of developing countries.

He stressed however that if the difficulties of emerging markets are real, they are put into perspective. He said the influx of capital in developing economies also penalizes countries developed in the form of higher prices."The economic benefits work both ways. Thus, the increased demand in emerging markets has contributed significantly to recent increases delivery of raw materials in the world. "

However, rising food prices and energy that raised fears of higher inflation worldwide, brings many central banks to consider measures of monetary tightening to keep the economic recovery.

Apple in the viewfinder of antitrust authorities

DuPont – 4.75% to 24.05 dollars

The side of values, the giant U.S. chemical DuPont Friday extended its offer until April 1 friendly takeover of Danish group Danisco citing a need for more time to collect the green light from the European and Chinese Competition .The takeover bid of 6.3 billion dollars was announced Jan. 9, and then formally launched on January 21 last, was originally scheduled to end Feb. 22, but several major shareholders of Danisco said in recent weeks that they could reject the offer or they demanded a higher price.

Apple: -0.01% to 350.52 dollars

Antitrust authorities in the United States began to look at the online subscription service that Apple has just proposed to the media wishing to sell their products online, reported Thursday the Wall Street Journal. The U.S. computer maker Apple has unveiled Tuesday a long awaited subscription services online to various media (newspapers, music, videos), a new source of revenue for content publishers who rely increasingly on mobile devices. Apple imposes several conditions to the media who wish to include in its catalog.Offers and Promotions including subscriptions should be made "at a price less than or equal" to that newspaper sites, record companies and studios involved.

Wednesday is the U.S. internet group Google (+0.77% to 630.08 dollars), which launched its service in seven countries selling online for newspaper publishers, which it offers a platform where they will sell subscriptions and articles for unity, for a fee of around 10%.

BP: -0.40%, to 47.91 dollars

BP, listed on Wall Street was pinned by the committee of inquiry set up by the White House. According to the commission, the worst oil spill in U.S. history could have been avoided if officials had better BP considered a key test showing the vulnerability of the well.The commission was charged with investigating the causes of the explosion April 20, 2010 Deepwater Horizon platform, operated by BP, and wells that Macondo was by 1,500 meters. The disaster had killed 11 people in three months and dumped more than four million barrels of oil in the Gulf of Mexico. The report focuses particularly poor trunk strength in cement wells installed by Halliburton and a key test conducted on this structure shortly before the disaster and that would have alarmed officials of BP.

NYSE Euronext: 2.22%, to 37.80 dollars

Defeat Global Markets, an alternative platform for trading of shares based in the United States, would be close to an agreement to buy Chi-X Europe, a transaction in shares of more than $ 300 million (220 million euros) said sources close to Defeat Reuters.Both groups are in exclusive talks since December. This new merger comes as the landscape of global stock markets will change with the announcement of the merger of NYSE Euronext and Deutsche Boerse and the London Stock Exchange (LSE) and the Canadian TMX.

Genzyme: 0.12%, to 75.36 dollars

The rating agency Moody's Investors Service announced Friday it had deteriorated by one notch to "A1" to "A2", note the long-term debt of Sanofi-Aventis after the announcement by the French of a agreement to purchase more than $ 20 billion of American society Genzyme.At 15:00 in Paris, Sanofi-Aventis was down 1.30%, 50.69 euros.

Intuit: 7.28%, to 54.11 dollars

Intuit, the accounting software, announced after the close of Wall Street have in the second quarter 2010/2011 adjusted earnings per share of 0.32 dollars against 0.31 dollars expected. The turnover reached 878 million dollars against 837 million a year earlier.

Nordstrom: 0.95%, to 46.92 dollars

Also after market, Nordstrom reported fourth quarter earnings per share of $ 1.04 against 1 dollar and an expected turnover of 2.82 billion dollars against 2.87 billion expected.

Also note, the start-up specializing in viral games, Zynga is in advanced talks with U.S. funds Rowe Price and Fidelity Investments for an investment of 250 million.The deal could value the start-to ten billion dollars and prepare for a possible initial public offering early next year.