Until the release of stress tests on European banks on Friday, the week will be especially marked by the rise of the results announcements in Europe and the United States. On the macroeconomic front, the day will be rather quiet.Only the ECB will publish its figures on the balance of payments of the euro area to 10 hours.

On the currency markets, the euro resists and remains above the $ 1.29 mark Monday morning (0.09%).

Values follow

On Monday, pre-market, Eurotunnel must publish its first half results. Then this afternoon it was the turn of Edenred, two weeks after its IPO, Guyenne et Gascogne, HF Audika Company and to disclose their turnover in the second quarter. Soitec publish its turnover in the first quarter.

GDF Suez is preparing a cash offer of 6.4 billion pounds (7.6 billion euros) on the British electricity group International Power, confirming a report in The Mail on Sunday.In previous discussions about a reconciliation between the two groups had lasted several months before a halt in January, the newspaper said free instant credit score.

BMB Group, an investment company in Brunei, has denied information from the Sunday Times that she had planned to bid for Club Med 800 million euros. BMB Group, which manages funds for the family of the Sultan of Brunei, have the support of three of the four major shareholders of Club Med, according to British newspaper, citing unidentified sources close to the situation.

At the Salon of Farnborough (South London) that opens Monday until July 25, EADS should reassert its confidence in its chances of winning U.S. tanker contract for Boeing cons.The parent company of Airbus is ready to strengthen the United States for eight billion dollars.

ADP announced that its passenger traffic rose 2.3% in June over a year. In the first six months of the year, traffic appears down 2.1%.

National Australia Bank (NAB) on Monday agreed with its Asian subsidiary Axa and Axa Asia Pacific (AAP) to extend until Aug. 31 offer of 11.5 billion dollars on NAB PAA.

Finally, less than one week of the release of stress tests, investors will also be observing the conduct of banks that have suffered more than last week, Societe Generale has lost more than 5%, BNP Paribas dropped nearly 6% and Credit Agricole has dropped about 3.5% in a market which posted a decline of just under 2% in one week.

Still, as revealed by the website of Le Nouvel Observateur, the association Hubert Beuve-Mery (HBM), without representing the current personnel of World, would it, in favor of the offer Perdriel-Orange Prisa.

In this context, the absence of a clear majority on Friday afternoon for the one or the other offer, the arbitration will be Monday in the supervisory board of the World.Because Monday's effect on the 20 votes to be voted on Monday SupervisoryCouncil World (including eleven called internal, referring to the personal and the HBM and 9 persons from external), 9 votes External likely to weigh very heavy much heavier than those of the staff of the World by shifting votes in favor of a project that would not have the support staff themselves …

The amount reported sales, which fall into falling 2.7% on a comparable basis, excluding the activities in the United Kingdom, merged with T-Mobile, the French operator said in a statement.

"The group has again demonstrated its ability to maintain its performance in terms of turnover and profitability in an economic and regulatory environment remains difficult," said the CEO of France Telecom, St?phane Richard, quoted in statement.

The operator maintains its 2010 goal of cash generation of around 8 billion euros, "before possible acquisition of new frequencies and without taking into account the impact related to the business tax in France before 2003" .

In its home market, France Telecom has recorded a turnover of 5.77 billion, a decrease of 2.4% (-2.1% on a comparable basis). Spain is even worse, with sales decline of 3.3% (-2.8% on a comparable basis).

In contrast, "Africa and the Middle East are growing more than 7% (on a comparable basis) due to" the rise of our business especially in C?te d'Ivoire, Kenya, Senegal and Uganda, " said St?phane Richard.

On Tuesday, France Telecom was willing to pay 300 million dollars, or about EUR 224 million, allowance to Orascom Telcom under its agreement with the group in Cairo to settle their dispute over Mobinil.

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Lloyd Blankfein should be heard next week by the SEC, probably with a former trader, Fabrice Tourre, suspected to have developed structured products involved in this case alleged fraud by Goldman Sachs. The list of those candidates is not yet official.The names of those called to testify before the Senate subcommittee investigation on the financial crisis could be unveiled this Thursday payday loan no faxing.

But the suspicions of the SEC against Goldman Sachs are dehorned by the potential beneficiaries of the alleged fraud. The billionaire John Paulson and Paolo Pellegrini, a former head of its fund Paulson Co, assure for their Paris on the falling U.S. housing market, now at the heart of the controversy over Goldman Sachs, have been prepared under the rules art, and that their pronouncements t?aient public. They promise to provide evidence of such transparency in a timely manner.

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Revealed last week by Le Point, arriving rue de Lille, where they are officially "no comment" – is not expected until May. It would also be included in a broader reorganization of the management team of the Caisse des Depots, whose mission has grown with the crisis of the past two years.

Antoine Gosset-Grainville, 44 years Wednesday, should be specifically in charge of financial matters and strategic subsidiaries and shareholdings.Alain Quinet, currently director of finance, strategy and sustainable development, would be offered another position in the house.

Inspector of Finance, former lawyer for competition at Gide Loyrette Nouel, "the man with suspenders" Matignon is both well-versed in the intricacies of state and business community for having had the upper hand with the Prime Minister on economic issues: strategist, he has "all the qualities for the job," says a former employee.

The idea of the director general of the public, Augustin de Romanet, is among other muscles of the piloting of subsidiaries – NPC, Transdev, ISPs … – and the role of shareholder faxless payday advance .The CDC is indeed present in this capital of many companies, some of which (Post, Dexia) will be on center stage in the months ahead.

By calling to him near the existing power-AGG is not only close to Fran?ois Fillon but also appreciated the team-Elysian former Deputy Secretary General Jacques Chirac is also an asset in his game Admittedly, Augustine Romanet is now guaranteed to go to the end of his term when his post had been many rumors at the beginning of the quinquennium.But the CDC and its branch are under surveillance, to the end of March 2012 will arise when the question of renewing the current mandate.

On Monday, the CGT said that "if confirmed, the arrival (Antoine Gosset-Grainville editor's note) would complete the questioning of the republican principle of autonomy of the CDC, which is threatened to" UMPisation " . Outside of any political stripe, the CDC has seen in recent years, several deputy directors of the Matignon office. Dominique Marcel (with Lionel Jospin), Augustin de Romanet (with Jean-Pierre Raffarin) and Alain Quinet (with Dominique de Villepin) especially had before him, opted for the venerable institution.

Air traffic may experience some disruption on Wednesday and Thursday. An Inter-CGT-CGC-FO Unsa air traffic controllers said it was maintaining its notice to strike despite a meeting with Transport Minister Dominique Bussereau. Twelve thousand agents are concerned. They deal in particular security and air traffic management. The airlines will then induced to delay or cancel their flights. "We expect a fairly important to strike then strong enough disruption to our services. We warned these companies of significant disturbance to predict, "warns the Directorate General of Civil Aviation (DGCA). This should provide future traffic forecasts. Travelers are advised to check their flights before going on site. Several airports, such as Lille or Brest Britain, are already experiencing delays.Trade union sources suggest even the possibility of "Operation Snail" on access to airports.

Reason: the Inter asks the Government to reconsider its policy of non-renewal of retirement on two, or 400 job cuts in two years. The unions also fear a dismantling of the Directorate General of Civil Aviation (DGCA) in favor of a merger of services under the FABEC (block functional space common to Germany, Benelux and Switzerland) .

Officials should stop work

They are asked to raise next January 21 by the CGT, FSU, Solidaires, the NMS-CFDT and UNSA-Education.

Reason: they demand an immediate halt job cuts. According to them, in 2010, the State and public services will suffer their worst year in the budget with 30,000 job cuts.Since 2007, this will total more than 100,000 jobs have been eliminated. "Education is very particularly hard hit with more than 16,000 job cuts, totaling more than 40,000 jobs," said a statement of the UNSA-Education. A common departure is planned in Paris, Place de la Republique and 14h. "This movement must be sustainable, unions warn.

The maritime transport of goods affected

In continuation of the strike on January 4, a social movement paralyzes the major French ports since the beginning of the week. The mobilization could still continue. Monday, at the invitation of the National Federation of Ports and Docks CGT workers stopped work in Marseille, Dunkerque, Nantes-Saint Nazaire, Rouen, Bordeaux, La Rochelle and Le Havre. In the Normandy ports, they were almost 90% to strike. In Marseilles and Fos, fifteen vessels were affected.At Havre, the container terminals were very disturbed.

Reason: after the port reform, the CGT claimed the government guarantees employment, including the arduous, and investment. The union wants the expansion of the national collective agreement to river ports and fishing ports and want more information on the transfer of personnel handling to the private sector. The seven autonomous ports French in 2008 employed nearly 31,700 people. However, their market share relative to their European competitors continues to decline.

Mobilization to the Court of Appeal of Amiens

The unions and leftist parties called the 1120 employees of the factory Continental Clairoix to demonstrate to the Court of Appeal of Amiens on Wednesday.

Reason: the first trial court had sentenced heavily Compiegne six demonstrators protesting against the closure of their factory.The objective of the Inter is to obtain the release of six persons convicted of "looting" of the sub-prefecture of Compiegne April 21 last. That day, nearly 200 employees occupy the factory sub-prefecture, after learning they were rejected by the justice of their demand to cancel the procedure of closure. The trial will take place at 13:30.

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It is populated by the republic of 10 million inhabitants, formerly subservient to the Soviet government, which handles a significant part of Russian oil destined for Europe. Now, Moscow intends to Minsk taxing exports of black gold, which should account for this small country a net loss of about 1.8 billion euros. In tough negotiations are taking place in the Russian capital, with the fear still present, the Russian government abruptly interrupted deliveries of oil.

Flowing through the Druzhba pipeline, the oil supplies to refineries in the Czech Republic, Slovakia, Hungary and Lithuania. Further downstream, 15% of oil consumed in Germany goes through this famous pipe, a proportion which reaches 75 in Poland! "We remain very attentive to the changing situation, said Thursday the spokesperson of European Commissioner for Energy, Andries Piebalgs. Brussels has negotiated with Moscow the introduction of an early warning system, designed to prevent energy crises.

"Bringing the country in the right way"

As usual in energy, trade dispute that combines economic and political considerations. Moscow wants to change the preferential treatment that allows today to Belarus, as a former Soviet republic, to pay no duty on the oil it imports from Russia.

The unspoken goal of the Russian government is to "bring in the right way" Belarussian President Alexander Lukashenko, who is attempting a rapprochement with the EU. Oil, which constitutes 37% of Belarusian exports, is easy ammunition. Meanwhile, Moscow and Minsk – allies in Astana, the capital of Kazakhstan – three negotiating the creation of a customs union, hardly compatible with the flirtation European Belarus. Between the Russian oil and Brussels, Alexander Lukashenko will probably choose.

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Weak Won

Twelve years ago, the "minor IMF (International Monetary Fund), that is to say cheap, flourished in windows of restaurants in Seoul. They symbolize a country to tighten their belts under the yoke of the international institution. Today, Bentley and Equus, the top model of Hyundai, the sparkle of luxury car. In truth, what makes the difference with the 1997 financial crisis is that the government has reacted very quickly.Between 2008 and late 2009, he has injected 88 400 billion won (50.8 billion euros) in the economy, including 26.8 billion in the form of tax reductions and lowered its interest rate of 5.25% to 2%.

"We come out faster because the initial conditions were not the same as those of Europe or the United States," said Hur Kyung-wook, Vice Minister of Finance. "The financial sector was not in the same situation as twelve years ago. The banks had money and had very little exposure to subprime loans. "

If the government failed to arrest the fall in exports, down from 20.7% in the first nine months of the year, it has saved its trade balance with the weakness of the won and the reduction imports."Our discussions have been penalized less than other Asian countries due to the diversification of our markets and our products," welcomes Yoon Jong-won, director general of the Office of Economic Policy at the Department of Strategy and Finance. Behind China (21.7% of exports), Europe (13.9%), North America (11%) and countries of ASEAN (Association of the South-Eastern Asia ) are in fact almost on a par. It remains to convert the try.

"Green Growth"

Unlike Japan, South Korea has no plans to ease its measures to support the economy. "The recovery is driven by the public and until the private sector recovers, emergency measures are necessary as well as fiscal stimulus.Exit plan would be entirely premature, "says Hur Kyung-wook.

The government relies on the vast field of "green growth", driven directly by President Lee Myung-bak to restart the machine. This project, which should raise some 60 billion euros of public and private spending in the next five years and create 1.8 million jobs, will own the car in the management of large rivers of the country, through the eco-towns. From the largest to smallest, all companies are required to participate. "They give us very positive signs," says Yoo Beom-sik, director of the Presidential Program Green Growth. Korea, which is 97% dependent on foreign countries for its oil and gas, is facing an energy bill of more than 93 billion dollars per year.As she turns to renewable energy, it is hoped that these will enable rapid development of new technologies.

It is also necessary now that the provinces play the game and also invest. The controversy has erupted in recent days, even within the ruling party, on the project to move 9 departments and 4 government agencies to Seoul Sejong City, 150 kilometers south of the capital, shows that the N is not won. It might even, in the eyes of some Koreans, delay or jeopardize the reform agenda of President Lee Myung-bak.

"South Korea: strongest growth in seven years