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The disaster is averted for Athens, temporarily saved from bankruptcy, and for the euro area, which sees the specter of contagion in the Mediterranean.

The crisis of indebtedness is at a turning point? Tuesday is a Northerner, the Swedish Finance Minister Anders Borg, he returned to evoke a more sober interlude. "The Greeks are still trapped in their tragedy," he said, while Europe "sees turn in the last act of a longer time drama."

The next scene begins on a new thriller, on the side of the Parthenon. If the government wants to open Papademos some 237 billion government loans and private debt erasure promised Tuesday in Brussels, he has only a few days to prove itself. In the morning, Christine Lagarde has said bluntly: the IMF will release the funds with other "after implementation of prior commitments" in Athens.

Parliaments of the three countries most reluctant – Finland, Netherlands and Germany of course – will not give themselves the green light after having tried to play. Minister Wolfgang Schäuble, who complained there is little Greece as a "bottomless pit", even its detailed requirements for February 27, day of the Bundestag vote planned: a 22% lowering of the minimum wage, a reduction in budgets public health, pension reform and the massive onslaught of local governments.

Explosive political equation

Behind the hard line displayed in the north lies a concern shared throughout the euro area. The team of technocrats led by Lucas Papademos living its last weeks before the new elections. The government which emerges from the polls in April could, quite a true popular mandate, to be more devious meet European requirements no faxing 1 hour payday loans. So now that Greece has to swallow in one gulp if possible, the bitterest of his potion.

Problem. Both major parties Conservative and Socialist – those who have subscribed to medicine Brussels – together account for 40% of the vote only. Conversely, the far left and anti-European movement of honey from the wrath of the street facing austerity. This equation is politically explosive that pretends to ignore the financial agreement Tuesday.

Right, Antonis Samaras, still favorite in the polls, the results in economic terms and said aloud that report confidential documents as hopeless as submitted to the EU and the IMF: "Without economic growth, said the leader of New Democracy , immediate budgetary objectives can not be kept and the debt will remain unsustainable in the long run. "

It is the fault of austerity. Greece enters its fifth year of recession with no other prospect in the euro as "internal devaluation" – that is a general decline in revenues – expected to make it competitive for the future. The decrease in the minimum wage needs to accelerate the purging. But for now, it undermines domestic demand, that is to say the activity, and at the same time increases the relative burden of debt. Europe and Greece have gained time. But except to return to growth, they have certainly not finished with the appointment of a crisis.

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These loans provide fast cash assistance, which enables you to deal with unexpected fiscal requirements without any delays.

 

Jeremy Lin and the American fairy tale. It only took seven games to the playmaker of the team's basketball for the Knicks panic counters and generate a media frenzy rarely seen in America. The defeat of his team that night, for the first time since its revelation to the public, does not diminish the power of the phenomenon Lin, who finished top scorer of the match. A true media darling, the "Lin mania" is now an economic nature.

According to Patrick Rishe, a journalist specializing in sports economics at Forbes, Jeremy Lin should earn this year between 10 and 20 million dollars in revenue for his team. Based on his calculations, he believes that the brand Jeremy Lin is now worth $ 14 million. Already, sales of products Knicks exceed those of all other teams in the championship. Better yet, the shirt of Jeremy Lin is currently the best selling of the entire league by site nbastore.com, ahead of Kobe Bryant and Lebron James, however, the two superstars of American basketball.

Since its emergence in the field, television audiences matches the Knicks were up 66%, according to ABC News and the price of tickets at Madison Square Garden, where the team plays, increased by 27%. A phenomenon that extends to the whole country, all brought to theaters soon receive the full display of the Knicks team and seeing the price of tickets on the black market soar.

Nike bounces on the phenomenon

Lin's exploits have even an impact on stock markets. The share price of the group Madison Square Garden Entertainment, which owns the Knicks, has increased by 6.2% over the last five days, reaching its highest of the year, according to Bloomberg. Performance directly attributed to Lin, the group has announced losses in the same week.

It did not so much to interest sponsors. Decisive with his team, he also shines personality, humble and smiling and personal history. Out of nowhere, rejected by the leading clubs, he finally won through hard work, courage and tenacity. All values ​​that symbolize the American dream and please brands. Do well because already under contract with Jeremy Lin before hatching, Nike also is preparing to release a shoe in the name of the player and the colors of the Knicks. Jeremy Lin signed his first professional contract this week, amounting to 762,000 dollars for the season. It's a safe bet that it would reach many more especially if he continues to earn as much.

Wind "Folin" Asia

First American player of Taiwanese to move in the American Championship of Basketball, Jeremy Lin has become at the same time the new headline the NBA for Asia, which represents the largest market outside the league, according to Reuters. Asian TV channels were also eager to buy the rights to broadcast matches, the Chinese state channel CCTV has even changed its programs to broadcast several games of the Knicks this week.

"This is an unprecedented phenomenon and I am delighted for him, for the league and the Knicks' David Stern said Tuesday, the powerful boss of the NBA. It is true that the media hype and commercial around that player's personal story atypical is a boon to the American basketball league whose image had been tarnished by a long and costly strike that has raised fears a moment the cancellation of the season. Some broadcasters and sponsors in mind, feared even a year on the cheap and tasteless. By Jeremy Lin, American sport has found a goose that lays golden eggs and intends to capitalize on it. Remains whether it will uphold and maintain this level of play

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The ambitions of China's Lenovo are clear: to become world number one personal technology. The first step involves the conquest of the PC market. Then, Lenovo will address the shelves, then to smartphones and televisions, the following step by step roadmap.

"For the ninth consecutive quarter, Lenovo has achieved the highest growth in the global PC market," noted Thursday, François Bornibus, Lenovo Vice President Western Europe, on the occasion of the release of third quarter results its fiscal year (ended March 31). This growth allows it to move closer to HP he ran for the position of world number one. "Over the past quarter, we hold 14% market share, against 16.2% for HP, according to IDC," adds François Bornibus, who believes that Lenovo "take leadership in this sector within two years." Last year, HP has made more than 19% of computer sales worldwide and Lenovo 11%. In one year, Lenovo's sales increased by 37% by volume, of only 2% of HP, in a stable market. This growth was accompanied by Lenovo for an increase of 44% of its turnover to 8.3 billion.

The Chinese took advantage of hesitation in strategic HP PCs and cons of Acer-business performance. Lenovo is carried by the dynamism of its domestic market, it holds more than a third of the PC market in China and other emerging Asian markets. But it is also strengthened by Western Europe and North America, where he continues to benefit from the legacy of IBM (which acquired the PC division in 2005). "Our market share in Europe increased from 4.7% to 8.5% in one year," adds François Bornibus.

The world leader is that Lenovo also requires development in the tablets. The group has already announced the release of several products, with a first wave expected in the month of May "We will also develop hybrid products, like the IdeaPad S2 (one tablet once a keyboard is attached to a laptop)," said Francois Bornibus. The range consists of tablets Android (the operating system of Google), will grow to 8 devices on Windows at the end of the year.

Extended offer

Eventually, the group will expand its offering to smartphones and televisions. For now, Lenovo cut his teeth in mobile telephony and television connected to China. The group will now owns a market share of "double digit" in smartphones, a presence quadrupled in twelve months. It will launch in China in the coming weeks, its first connected TVs. "We take advantage of our brand in China and our highly developed distribution network in order to launch new products," explains François Bornibus. Lenovo account then use the experience gained in its domestic market to export smartphones and SmartTV.

The ambitions of the Chinese are not to the liking of everyone. Acer Lenovo has decided to attack in court after the latter decided to use the services of a consultant rather special: Gianfranco Lanci, Acer's former CEO, who resigned last March. He now heads the division Europe-Middle East Lenovo. Taiwanese rival sees a breach of the non-compete clause and has also turned against his former boss.

The French seem to have taken note of the looming recession in the eurozone. Consumer confidence has lost three points from October, to 79 points, INSEE reported. He returned to a level not seen since February 2009, when France was plunged into crisis. Economists did not expect such a decline, on average expected a loss of one point of the indicator.

"The current financial crisis, the second level of rigor and concern about the purchasing power (mainly because of higher diesel prices), explain the fall of the indicator," Analysis Dominique Barbet, an economist at BNP Paribas .

Households are also very pessimistic about their future living standards, which fall 8 points. Since July, this indicator has been awarded 20 points. It is now a record low.

The atmosphere should remain tight to the Paris Stock Exchange on Thursday. The bargain hunting could push the index up, as suggested by the small rise in futures on the CAC 40 (0.1%). But caution remains the watchword. As shown in the CAC 40 new fall yesterday, the Investors are not able to overcome their fears about the situation in the eurozone. Debt problems in the region have worsened when Germany struggled to convince investors to buy its bonds. The country has raised just over half of the 6 billion euros of 10-year bonds offered to investors during a broadcast on Wednesday. This failure is a "red flag" according to Ewald Nowotny, Governor of the European Central Bank

Largest economy and engine of the region, Germany was far remained immune to the contagion of debt crisis.But diplomats said the meeting could only lead to a breakthrough on a reform of the European treaties.

The mixed oil, the euro under pressure

As for currencies, the euro, which fell sharply against the dollar in recent days, attempts a rebound. The euro is worth 1.3363 dollars (0.10%) in morning trading. The trend is more mixed in the oil markets: a barrel of light sweet crude (WTI) for delivery in January drops 24 cents to 95.93 dollars on the New York Mercantile Exchange, while the price of Brent North Sea assessed for the same term of 27 cents on the Intercontinental Exchange in London at 107.29 dollars.

The side of the calendar, the day will be quieter because of the close of U.S. markets. Operators are waiting mainly German Ifo index.

This is the week of the year for sofica these companies who finance films through investment individuals. They begin to raise the funds they need to finance new movies for which they hope for success comparable to or Mammuth Heartbreaker. Among the films that are about to hit theaters, there would have been possible without the support of sofica.

This is the case, for example, Special Forces, with Diane Kruger and Benoit Magimel, which tells of special forces mission to free a French journalist kidnapped in Afghanistan. "Our participation has played a central role in launching this first feature film director.Today, the film is sold in over 25 countries, is already a success, "said Niels Court Payen, president of A Plus Finance, Manager of A Plus Image.

Immediate tax benefit

Twelve sofica have been approved to raise funds this year (two more than in 2010) for a total of 67 million, slightly below last year. Again this year, the tax cut is attractive to investors. It represents 43% of the amount invested within an investment of 18,000 euros, 7,740 euros maximum tax reduction, and 25% of total net income.

The scheme has been extended for three years by members. Fiscally attractive, since it allows to benefit from the first full year of the tax benefit, the investment is traditionally place very quickly easy payday loans.The Postal Bank, Neuflize OBC, BNP Paribas, Banques Populaires, the savings banks, Quilvest, Cie Financière Edmond de Rothschild as well as wealth management advisors and some sites distribute sofica.

Investors must commit to at least five years and be aware that the film is a risky investment. Historically, the best sofica managed to regain their implementation within five years, allowing their subscribers happy to receive an annual return of up to 7% (tax benefit included). The less fortunate, they have not quite found their capital even with the tax benefit.

About 9,000 taxpayers benefit from this niche. Next year, it must, like others, be passed to the plane and the rate of tax relief fall to 38%."For the state, the cost is modest, it is only 27 million in 2011 and the leverage effect is important for the film industry in great need," said Hugues de Chastellux, the president of the Association representation sofica.

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New stage in the European debt crisis, and new tensions between France and Germany. While European banks are under attack by the markets, in turn infected by the debt crisis, the solutions to help them appear to divide France and Germany. To resolve this dispute, the German Chancellor Angela Merkel in Berlin on Sunday invited French President Nicolas Sarkozy.

Paris wants the relief mechanism of the European Union, the European Financial Stability (EFSF) to recapitalize banks, a senior German official quoted by Reuters. But Berlin would not. Powered by the 17 countries of the euro area (except those receiving assistance such as Greece, Portugal and Ireland), the EFSF will see its powers expanded by the end of October."There is no difference between France and Germany" on the subject, responded on Friday, the French Ministry of Finance.

As explained in the Handelsblatt, Paris calls for the widest possible interpretation of the new European instruments: the buyback of indebted countries, designed to calm the markets, and the granting of funds to states to recapitalize banks. The German government, whose latitude is narrower because of the great power of Parliament, fiercely opposed to this "laissez-faire," according to the German newspaper. First contributor to EFSF, Germany would find itself more to the de facto finance a large part of the recapitalization of French banks …

Roles reversed

For this new act of the debt crisis, the roles are reversed this time credit report. France has always, until now, prompted Germany to act.But now, if Paris believes that the recapitalization of banks is not a priority, we think differently in Berlin. Thursday, Angela Merkel has stated that it "should not hesitate" to bail out institutions. However, she said, public support should be used rarely if institutions fail to build on their own, for example by increasing their capital. The European Central Bank has sent the same message.

France, it has recognized the need to help the sector than lip service in recent days. "It will take more capital for banks," says one source close to the now government. It's the only concession made by France: it will take ultimately recapitalize institutions, not because they need is to restore investor confidence.French banks are most exposed in Europe to default risk in Greece or Italy.

Pre-aid to Greece

In this context, urges Germany, a strengthening of European banks is a preliminary step to a new rescue Greece, which should go through a deep discount debt securities of the country (advocated by Berlin). Clearly, the eurozone banks should agree to relieve Athens by abandoning much of their claims. Result, they should wipe heavy losses. Not to sink the stock market, they can not solve it without having increased their capital.

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Clara Gaymard is president of General Electric France since 2006. Created in the late nineteenth century, GE is one of the largest industrial and financial in the world. In France, it employs 9,800 people, including 1,000 researchers, mainly in industry. The conglomerate Safran is associated with the production of aircraft engines. It is present in the turbine manufacturing, health and energy. In early March, GE has spent $ 3.2 billion offer for the French industrial Converteam, a leading equipment ETDE electrification systems and automation. In an uncertain economic environment, Clara Gaymard called for a mobilization in favor of industry.

LE FIGARO. -Do you see the first signs of a slowdown in your business in France?

Clara Gaymard. We fear-of course this slowdown.Some of our long-cycle industrial activities have been impacted over the last year and the first months of this year, but we rely on large export orders, which is our real market to resume growth the image of the first decade of the twenty-first century. What is certain is that at the end of this summer we have not seen any damage from the crisis.

How do the American leaders of General Electric they are on this crisis that threatens the euro area?

Europe and France are more complicated enough to understand given the United States. Decisions, including their political dimension, are difficult to grasp. Europe has been built on a desire for peace and a desire for economic growth and maintaining financial stability.At each crisis, France and Germany have strengthened their ties and Americans do not see it right away. Each time this has been beneficial in terms of governance. This will likely be the case today. For U.S. companies General Electric and especially, Europe is and remains a very important partner, because of market size, its capacity for innovation. Europe is the other foot in America.

General Electric is located in Europe. How do you explain that French industry losing ground vis-à-vis the German industry?

France lost the competitive advantage it enjoyed a decade ago. Germany under Gerhard Schröder was able to launch reforms that the country now takes profit.France has certainly taken some important decisions including the pension reform or investment for the future, but economic time, however, longer than the political time. The results are not yet visible. The acquisition of Converteam and our investment choices in 2011 show that we believe the industry in France.

What is it fundamental to a country to have a strong industry?

Just because you can not say that you will create products for the future in France, invest in R & D, if you do not file business card design. Value creation is first material. We are convinced at General Electric. That's why we have three major industrial centers in France and soon a fourth with the acquisition of Converteam. I've always registered against the false idea that a mature country must move from agriculture to industry and industry services.I find that attitudes are changing at last, the industry returned to the heart of the economic debate.

How can we stop the deindustrialization?

We must choose its areas of excellence. In the 1980s, France has relied on nuclear power, aerospace and high-speed train by taking risks. Since there was no real industrial policy. They pay today. So we have to make choices. For example, Germany and England have the wind power, General Electric is investing heavily in these sectors in these countries. We believe in the sun. By 2030, this energy could be as competitive as petroleum. Again, General Electric will focus on the countries able to advance this issue. Companies always settled in favor of an ecosystem.

The cost of labor is there a real problem in France?

It is often put forward but not the major issue for me. It's more flexibility. France is the only country where changes in conditions or work organization decided by a company legally take at least six months even if all parties agree. This period creates social tensions sometimes unnecessary. The organization of social dialogue is an obstacle to transparency. Another handicap: taxation. We have a taste for complexity and retroactivity. The comparisons are always against us. Overseas, the plate is wide and the level of taxation lower. In France, the plate becomes smaller, the tax rate higher, but there are many exceptions. France has a display unfavorable tax and payroll. Nevertheless, it is possible to develop and invest in France.We have shown through the three large industrial sites that we have acquired, their sales were multiplied by three or four. And if we take the example of Belfort, it was losing money, it is now profitable. Moreover, on this site in Belfort, we have advanced in terms of qualifications our staff. Their wages were also appreciated.

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The question of the succession of Yves Carcelle, who turns 65 next year, Louis Vuitton, LVMH's flagship brand is a question that torments long time analysts. It's finally out that Bernard Arnault, chairman of luxury group and parent company of Louis Vuitton, has found a rare bird. The lucky winner is a 47-year Spanish, Jordi Constans, the current head of Danone's fresh dairy products. He worked in the group since 1990. He joined Louis Vuitton to discover the group during the year 2012 and succeeding Carcelle early 2013 at the head of the first luxury brand in the world.

Yves Carcelle take over the presidency of the "Louis Vuitton Foundation" which will open in early 2013 to the completion of the project designed by Frank Gehry. He will remain executive committee member of the LVMH group and be responsible for strategic missions to the President of the Group.

Bernard Arnault acknowledges the work of Yves Carcelle which, since 1990, "hosted the extraordinary journey of Louis Vuitton.".

It's a real blow to the new Japanese Prime Minister, Yoshihiko Noda, orders since 2 September. A week after his appointment, the Minister of Economy, Yoshio Hachiro, has indeed resigned. A decision that the Prime Minister agreed. "Today I met the prime minister and offered him my resignation. He accepted it, "said Yoshio Hachiro, Saturday during a news conference.

Traveling in the region of Fukushima (northeastern Japan), Yoshio Hachiro was strongly criticized after speaking of "city of death" about the desert environment of the nuclear plant. Statements that the opposition was highly critical concerver."When you think that the people of Fukushima felt in recent months, you can not act that way," regretted Shigeru Ishiba, a member of the Liberal Democratic Party.

The main interest has quickly apologized, at the request of the new Prime Minister, then retracted the face of strong emotion as the sentence has caused pay day advance. "I regret that my words were misinterpreted, he said at a conference. I am sincerely sorry. " And explained: "I wanted to say that we will strengthen decontamination measures to allow evacuees to return to their homes."Others are also illustrated as the defense minister who considered himself "as an amateur security" or the Minister of Health who favored an increase in the price of a pack of cigarettes for more tax than health reasons, according to Japanese media.

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