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President of the European Central Bank, Mario Draghi, excludes more than Athens could leave the euro. "Our preference is that Greece continues to remain in the euro area," he said Wednesday at a conference in Frankfurt. This is a recognition that an outflow was no longer taboo. "Since the Treaty (establishing the single currency) is silent on an output, this is not the ECB decides," he added, recalling the legal vacuum in this area often referred, including the experts themselves same.

This statement confirms the remarks made Monday by Luc Coene, one of six members of the ECB Executive Board, responsible for economic analysis, which spoke of "an amicable divorce," in an interview with Financial Times.

These words, at least ambiguous and seem to add fuel to the fire, also reflect the embarrassment of the authorities in Frankfurt. They face de facto capital flight experienced by Greek banks. The phenomenon is not really new but it has accelerated in recent days further weakening the Greek banking system.

Emergency stop

To date, commercial banks do so more than the cash they receive from the ECB, which totaled nearly $ 100 billion or one third of their balance sheets, a level quite abnormal. According to market sources for Reuters, the ECB has started its lending quotas to Greek banks. She no longer accept to take title they give him as collateral. The commercial banks will have no alternative but to use the emergency window established by the Bank of Greece, according to a procedure remains perfectly legal, but that goes against the principle of uniqueness of monetary policy in the euro area.

In doing so, the ECB intends to pressure the Greek government which must recapitalize the banks that need it. At the Cabinet meeting on 27 April, it was envisaged that a recapitalization of € 18 billion would be set up. This is an emergency measure pending the recapitalization program released a wider 50 billion euro, and whose envelopes are explicitly included in the second rescue package announced last March. The technical details are currently in discussions with European experts and the IMF.

The ECB seems caught in the crossfire. While recalling officially Wednesday that it continued "to support Greek banks," the president about his aim to put pressure on the government and the public pending elections to be referendums value vis-à-vis of the euro.

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"It was like in the 1970s," said Senator Sabina Rossa, daughter of a trade unionist killed by the far-left terrorist group Red Brigades. Like Greece, Italy, suffocating under the pressure of austerity. Some do not hesitate to use violence to express their anger. So much so that the country is afraid to relive the dark days of the 1970s and 1980s, called "years of lead", with the rise of violent political activism.

Target of these attacks, the symbols of austerity. Saturday, two Molotov cocktails were thrown against an agency's office of tax collection Equitalia in the city of Leghorn (northwestern Italy). The previous day, clashes broke out before another agency's office in Naples. Last week, an official of Equitalia had been held hostage for several hours by a trader before he did make to the police.

A meeting is scheduled for Thursday

Monday is the CEO of a public subsidiary of the giant Italian Finmeccanica specialized in nuclear power that has been wounded in the legs by a gunman who was referred on the streets of Genoa (northwestern Italy). Friday, an anarchist group claimed responsibility, "dedicated" to Olga Ikonomidou, an anarchist held in Greece and has announced plans for seven other actions Payday Loan for Bad Credit. In his claim, he promises to take then to Finmeccanica, the second group of industrial countries. "Finmeccanica is death and exploitation," he wrote in a letter of four pages. These movements are the result of anger to the austerity measures implemented by the government which tracking Monti fraudsters and tax evaders and raises taxes.

Therefore: the Italian government will raise the alert level throughout the peninsula. A circular was sent to all departments concerned said the Interior Minister Anna Maria Cancellieri in an interview with daily La Repubblica and Il Corriere della Sera.

"Thursday is a scheduled committee meeting to order and security" during which will be presented "a package of proposals," she said. To defend the offices of Finmeccanica and tax agencies to Equitalia, the Italian army could be called in as reinforcements.

Risk "escalation" is

Equitalia an agency in Rome where a threatening letter was received. Photo credits: Domenico Stinellis / AP

1. What is Growth Pact?

The objective of a growth pact is offset, at European level, the negative effects of austerity policies. As defined by the President of the European Central Bank (ECB) Mario Draghi, it's about finding ways to enhance the productive potential of each country. Clearly, to carry out structural reforms such as to "facilitate the activities of entrepreneurs," because "the creation of new businesses and job creation are critical."

It is less in the spirit of Francis Holland, throw out the treaty negotiated in early 2012 that hard to add to it a component for growth. The new President is especially set up "infrastructure projects", such as the development of broadband networks, funded by the fundraising market at European level ("Eurobonds"). "But we will not revive a policy of public works and begin to build bridges across if it is useless for the business," says his entourage.

The new head of state also wants to increase the funds of the European Investment Bank (EIB), which is already being negotiated in Brussels. This state development bank invests primarily in long-term infrastructure projects. "It would take that money from structural funds, little-used today as states must co-invest and they do not afford to be as-redirected to finance growth," insists on the PS.

A tax on financial transactions at European level, without having a negative impact on activity, would also serve to finance projects.

2. What are the countries that have an interest in negotiating Growth Pact?

Some countries differ on the recipes that can boost activity. But "in principle, it is difficult for a country to say it is against growth, Cinzia Alcidi notes, study center CEPS in Brussels. We must hope. "Portugal, Spain, Greece, but also the Netherlands, that is to say the euro zone countries now in recession, welcome to welcome this breath of oxygen. Germany itself, which begins to see its exports stalling due to the effects of rigor in these countries is changing.

It's not because everyone agrees on the principle that negotiations will take place smoothly. "Although Italy and Spain have recognized the need for measures supporting growth in the short and medium term, both countries will not let this happen without the implementation of structural reforms (labor market reforms and wage moderation) analysis Beffy Pierre-Olivier, chief economist at Exane BNP Paribas. The political strategy of François Hollande on the French labor market and the protection of purchasing power could become a sticking point in negotiations. "

3. Germany thinks?

Berlin has traditionally focused on the reforms called "structural". "Germany is committed to a thing, said Cinzia Alcidi: she does not want growth to be boosted at the expense of balanced public finances, through stimulus packages as we saw in 2009." This position is cultural: our neighbor across the Rhine refuses to weaken its economy and its credibility in the debt market by expenditure. Monday, the spokesman for Chancellor Angela Merkel was categorical: "it is not possible to renegotiate the fiscal pact", which has already been "signed by 25 of the 27 Member States of the European Union" and must allow to strengthen discipline in public finance management.

4. What consequences Growth Pact can be to the French and the Europeans?

"If a European decision is taken at the European Summit of Heads of State and Government on 30 June, we should not expect to see the effect from 1 July!" Warns Jean-Christophe Caffet, economist at Natixis. One can imagine further that the funds are intended primarily for countries with the greatest difficulty, at least in France. Nevertheless, initiatives on the EIB or the Structural Funds "should not have any significant impact on the growth of the European Union", economists consider Societe Generale CIB. They recall that the 350 billion allocated to Structural Funds and the EIB have represented, spread over 5 years, only 0.3% of gross domestic product (GDP) of the area.

5. The European Central Bank could she participate in the revival?

French socialists would like the ECB plays a greater role to revive the economy. "Right now, the European Central Bank will do nothing special, Judge Clemente de Lucia, economist at BNP Paribas. It could simply continue to conduct an expansionary monetary policy to boost demand. " This will help provide banks with aplomb, allowing them to lend more to households or businesses. Problem, they have no confidence in the economy and therefore do not claim little credit.

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On April 22, spreading the controversial Bahrain Grand Prix Formula 1, TF1 has a record two years old: one of the best audience for a broadcast on 14h race. More than 3.6 million fans attended the event, 23% audience share. A score due to the uncertainty surrounding the holding of the Grand Prix because of events in the paus, but also to third place in the beautiful young French Romain Grosjean, a newcomer on the circuit.

This renewed interest in the Hexagon for F1 did not spring from Sunday. It might even increase in coming months with the likely return of a Grand Prix de France in 2013, five years after the last edition at Magny-Cours (Nièvre). In any case this was confirmed Sunday Team Bernie Ecclestone, the head of the entity managing the marketing rights to the F1 (Formula One Management), explaining that an agreement was reached with the Minister David Douillet of Sports for the organization within two years of this event easy pay day loans. But while the circuit bourguignon was losing money, why give up such an event at a cost estimated at 30 million? "It's an opportunity to generate additional revenue for the local economy, details of Sponsorship Director Hervé Bodinier 360, a specialized agency of the F1. Moreover, all economic actors approached the site of Castellet pushed in the same direction. Finally, it is a wonderful showcase for France, land of constructors, and great nation of motorsport. With the arrival of French drivers in F1 and good audiences, that is a very positive dynamic. "  

Worldwide reputation

Prime Minister Fillon has strongly supported the project.

The AGIRA and auto insurance

Regarding auto insurance, the insured pricing depends in part on their history. To establish reliable statistics and national insurance companies IGAAS members can view and add the file containing the history of the insured.

With this file Official IGAAS allows insurance companies to know the situation prior to a safe future. It allows to identify fraudulent misrepresentation or non-payment.

Note: an insured in the file of AGIRA can access data concerning them. To do so they can go directly to IGAAS, or contact the insurance company having its registration process.

The missions of AGIRA

The AGIRA is responsible for managing the file listing the history of the insured on auto insurance. The association is also responsible for managing the Central Office Pricing (BCT). This body determines pricing may compel an insurance company to insure someone it would normally refused.

Finally, IGAAS is responsible for the Agency's Management Information. The latter is responsible for transmitting to an insured in an accident abroad contact the insurance company liable to the insured.

Reasons for inclusion in AGIRA

Generally, any significant event affecting the auto insurance policy the insured shall be grounds for registration in the file IGAAS. Thus, each claim, whatsoever, is grounds for inclusion in AGIRA (theft, damage, fault accident …).

Termination of auto insurance is also a pattern of registration. This termination can be either the fault of the insured that the insurance company.

The nature of information held by IGAAS

Three main information is held by IGAAS:

-The elements of the auto insurance policy,

-Information about the subscriber's auto insurance,

-Information on the vehicle involved in the auto insurance policy.

Namely: the information concerning termination of an auto insurance policy are kept for two years. In cases where the termination follows a disaster, this information is kept for five years.

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Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

So that was played Saturday night clasico the FC Barcelona-Real Madrid, it's another training professional football in the city, Espanyol that has caused the most press in recent weeks. As the euro area, the club is indeed great lengths to put its finances. Last March, the boss from July 2011 to the current tenth of the Spanish league first division, Ramon Condal Escude, did not hesitate to explain that he would put his players on the transfer market at the end of the season, to bail out. For RCD Espanyol, it's nearly a million casualties in 2011, and a debt of 148 million euros (nearly 69 million euros to the Spanish tax authorities). Abysmal, while the club budget fluctuates from year to year between 40 and 45 million euros.

Fiscal austerity

Ramon Conde, head of the Catalan club and "Merkel football"

The Bourdonnec: "The butcher recruits … by Cadremploi

Yves-Marie Le Bourdonnec is the ambassador of charm of a sector that needs workers. The butcher in Paris is quite a vocation. 300 entrants in its various training centers for 100 outbound. While the sector would need, just in Paris, to recruit a thousand young.

Then the butcher star, one that snapped the magazine, is looking elsewhere. Among his collaborators? A criminologist, a former entertainer or an intermittent former marketing manager. This may be anecdotal, but the trend is there: the skilled crafts are attracting more and more graduates who had a priori nothing to do. Universities are creating pathways that guide to small business under the guise of entrepreneurship. And recruitment side, Yves-Marie Le Bourdonnec has his technique: he breakfasts. "We see how to eat a candidate if he is smart, he will be friendly with customers, he likes the food trade." And if he does not eat the fat of the steak? It will not pass the qualifications …

In short, crisis effect or impact Top Chef, become craftsman is no longer the symbol of a downgrade for the tray 3 and Bourdonnec has understood. He communicates as if it had launched a start-up and works his personal branding as a leader. The man knows how to talk to the media, but there's a reason. "When very young I started my business in Asnieres-sur-Seine, three days later, opened a butcher shop next door. To survive, I were to suggest something different. "

Then the butcher decided to settle in the landscape. Meat long matured, offset pictures in the shop, the butcher parts shown in Japanese, hanging meat as if it were exhibits in an art gallery. He recounts with relish the Russian client came to buy his steak as if it were the windows of jewelers

. Place Vendome

That's why the butcher, who just opened a second shop at 172 Avenue Victor Hugo in Paris, seduces. And we made a business of his storytelling that could serve many entrepreneur.

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FOLLOW THE INSTRUCTIONS ON FIGARO:

"Twitter: @ LeFigaro_Emploi

A new era for the yuan. From Monday, the Chinese currency will fluctuate by 1% above or below its central rate set each morning by the Chinese central bank and pegged to the dollar, against 0.5% so far. By doubling the fluctuation band set mid-2010, Beijing made a move to further liberalize its exchange rate gradually, in "responding to market requirements", in the words of the central bank. People's Bank of China (PBoC) has, however well maintain control over the exchange rate of the renminbi, another name for the Chinese currency, keeping it "basically stable at an equilibrium level." In a crisis situation, no question of letting the Chinese currency prey to international risks.

Beijing's decision is consistent with a policy direction set out again early in March by Premier Wen Jiabao, providing for a rebalancing of growth that relies less on exports and investment and more on domestic demand. Allowing a slight rise in the yuan, the PBoC's decision in this direction: a money a bit more expensive but reduces exports in return decreases the cost of imports.

The exchange rate, an essential tool

The slowdown in Chinese growth to power offers more leeway to ease monetary policy, whose exchange rate is an essential tool. The Chinese gross domestic product rose by 8.1% in the first quarter, against 8.9% last quarter, a sign that China can no longer rely on exports for growth pay day loans. But alongside that, fed by fears of inflation remain high. While rising consumer prices is less than 4% maximum set by the government, they rebounded to 3.6% last month. A rise in the yuan can therefore contain these inflationary pressures to preserve the purchasing power of Chinese consumers.

Reducing the trade surplus also puts less pressure the Chinese currency. Last month, China saw its trade surplus to 5.35 billion, a figure well below the surplus recorded last year. She was even deficit in February, from 31.5 billion.

All these data therefore give the Republic a window to pursue a goal long displayed: go to term the yuan convertible, with a free exchange rate. The multiple currency swap agreements signed with different countries, like Australia in March, are steps towards internationalization of the Chinese currency.

Trading partners of China should welcome the decision of the central bank. They have been demanding for years the appreciation of a currency that they believe benefit Chinese exports unfairly with its unusually low. "They have made progress," admitted a close advisor to Barack Obama Sunday, but Washington "expects to see more movements."

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A small sentence is enough to ignite the Web. The scoop carelessly launched Friday morning by designer Philippe Starck on France Info enough to wake all the fantasies about what could be the revolutionary new product from Apple. For all fans of the brand are convinced, after the iPhone and the iPad, the Cupertino firm should upset a new domain. But which one?

Citing the "cult of secrecy" dear to Apple, Philippe Starck has obviously meant nothing more. He just confessed that he met Steve Jobs, Apple founder has now disappeared, "once a month," and said he would return Monday (April 15) "see the wife of Steve Jobs" .

The care that the Apple brand brings to the design of its products is a sign of his gratitude. And Philippe Starck would not be at his first attempt in the high-tech. He was in New York this week to launch the headphones Zik, French Parrot.

Apple TV

Among the objects that the French could have drawn face on TV, this beautiful Arles Apple. The arrival on the market of ultra-thin OLED screens or flexible opens the field of possibilities in design. Only problem, the two major suppliers of screens are LG and Samsung. They are not necessarily willing to let the U.S. access to their latest technologies. Unless Sharp

.

Another track, the digital table. Samsung has also made a nice demonstration in Paris Thursday, April 12. This table, which resembles a TV a bit thick, is actually a large touch screen that can accept almost any application. A

Thus, the restaurant touch'In is the first to have equipped with the "size" of Samsung, including the ability to choose their cocktails, to prepare the menu and send the order directly to the bar. A London bar has even developed a message function to communicate with neighboring tables. More seriously, the Paris airports have ordered 300 to equip the waiting rooms of Orly and Roissy. But as usual "Apple does not comment on rumors."

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