In the first five days of strike by cabin crew of Air France, the company is organized to provide as promised 80% of its flights. The company has temporarily restricted on Saturday morning to 100 passengers filling its medium-haul flights Orly. Therefore, passengers can wait a little and minor delays can be saved.

This management method was chosen to avoid having to put down passengers for lack of a sufficient number of hostesses and stewards. "It blocks the flights a minimum. Is completed according to the presentation of the crews as and when. But we have managed so far to complete the flight and make them go as planned, "says the director of Air France at Orly, George Daher. A strategy that annoys some customers. "We were placed on a waiting list by explaining that there was not enough staff.Air France admits that "considerable uncertainty remains about the level of participation of the cabin crew saving account pay day loan." These are not actually required to prevent the direction of their intentions.

In 2007, a similar strike – triggered by the same six unions to the same period of All Saints – had caused major disruptions. Air France was forced several times to review downward its traffic forecast: 90% of flights expected to be provided the day before, this had increased to 60% during the weekend. "Delays and cancellations hot, that is to say, the day of departure are to be expected," has already warned Air France.

Modified or exchanged for free tickets

The company calls the passengers concerned to check before leaving for the airport, on the website of the company, the list of flights canceled or delayed.

"To fly a plane, it takes a whole army." This is the message that the Air Force has chosen to pass through its new advertising campaign to recruit more than 2,000 people a year, the CAP to major schools, fifty trades pilot mechanics, to computer, handler, firefighter, air traffic controller, dog …

Of these 2000 appointments, about 700 relate to the ranks engaged (recruited at CAP / BEP) and a thousand non-commissioned officers.Side officers are recruited each year 70 graduates of the School of the air from -70 to 75% of them not start the job of pilot-, from 40 to 45 officers under contracts in the areas of strategy, HR … the language – and 30-50 pilots under contract selected on psycho-technical tests at the tray.

The Air Force, which operated until its communication campaigns in-house, has chosen this time to give it to Euro RSCG C & O. Which advertising agency had previously conducted a survey of young people. This shows that 15-25 year olds perceive the Air Force as an employer seeking essentially elitist profile experts and immediately operational.

"The Air Force is not as drivers! It is a chain of solidarity and skills that enable our pilots to take off, "insists General Jean-Paul Palomeros, Chief of Staff of the Air Force.We have a good image, but the public does not know in detail the career opportunities available, "he says, recalling the traditional role of" social elevator "played by the army.

Average age of 33 years

After a phase of downsizing, the Air Force into a logical flow stabilization recruitments and departures. Since 2008, as part of the reorganization of the armed forces, recorded in the general revision of public policies (RGPP) and the White Paper on defense, it has reduced its forces by 25%. It currently employs 60,000 people, with an average age of 33. "Recent operations in Libya and Afghanistan have demonstrated our expertise and we have refined our requirements in view of the evolution of our business," said General Jean-Paul Palomeros.Among the business to a point, intelligence research specialists to information systems, analysis of information and cyber defense.

Indeed, the U.S. agency Moody's would lower a notch notes BNP Paribas and Credit Agricole and two notches that of Societe Generale because of their exhibits to Greece. It must be said that these institutions have recently been pounded by investors. Since the beginning of the year, BNP Paribas, Credit Agricole and Societe Generale have lost between a "large" third and 60% of their value. On the first day of September, the losses of the three titles are respectively 17.45%, 22.33% and 27.69%.

BNP Paribas, the largest tumble CAC 40 ended on a fall of 12.35% to 26.12 euros. Societe Generale lost 10.75% to 15.57 euros. Yet the group announced Monday a plan of economy, a strong acceleration of asset sales of its portfolio and spread of new capital increase, according to a statement. Lastly, Crédit Agricole lost 4.82% to 10.64 euros.

Axa was down 9.73% to 8.48 euros and 6.23% to loose Natixis 2.25 euros.

A lack of concern Greece

In an attempt to reassure the markets, Michel Barnier, reiterated in late morning the "confidence" in the strength of European banks. "We need some keep their calm and composure," said European Commissioner for Financial Markets on the sidelines of a symposium on the new stock markets plummeting.

In fact, the concern is more and more about Greece. Until recently considered taboo, the prospect of failure now seems taken seriously. This Saturday, the German newspaper Der Spiegel, said Berlin was preparing for the possibility of bankruptcy of Athens, information denied by the Greek Minister of Finance.

In this context, Greece has promised two billion euros in additional savings.Welcoming the decisions of economy, the European Commission announced that donors of the country gathered in a Troika-Commission European Central Bank-International Monetary Fund would carry out their return to the country "in the coming days."

Finally the markets, concerned about the economic slowdown in the U.S. and Europe have not been reassured by the meeting of finance ministers and central bank governors of the G7, for lack of action.In fact, only a response of "strong" and "coordinated" to the crisis was discussed in the hearing closed, but without specifying a strategy.

To a deterioration of banks

United States, Barack Obama on Monday will submit to Congress the plan to revive the economy and employment announced Thursday.

In Italy, the government will explore new austerity measures this week said Giulio Tremonti, Minister of Economy. This weekend, the prime minister Silvio Berlusconi boasted of having "saved Italy" with its austerity plan. Moreover, Rome issued on Monday 11.5 billion euros of bonds to three months to a year in which interest rates have soared in a panic on the markets, said the Bank of Italy. The rates of securities a year enrolled in 4.153% against 2.959% in the previous similar operation on August 10.The rate securities have them three months almost doubled to 1.907% against 1.034%.

On the macroeconomic front, leading indicators of the Organization for Economic Cooperation and Development (OECD) report a "slowdown" of the world's major economies.

The euro to its lowest level against the yen

On the foreign exchange market, the euro remained sharply lower against the greenback Monday, falling below $ 1.35 even briefly, due to another bout of market panic response to the crisis in Europe. End of the session in Paris, the single European currency was worth 1.3645 dollars against 1.3649 dollars on Friday night. Earlier, the euro fell to 1.3495 dollars, its lowest level since Feb. 16. The euro also fell to its lowest level in a decade against the yen. The euro bought 104.64 yen against 105.91 yen Friday.In the early morning, the euro fell to 103.90 yen, its lowest level since June 2001.

As for oil, it appears in sharp decline. On the New York Mercantile Exchange, a barrel of "light sweet crude" for October delivery was trading at 86.84 dollars, down 40 cents from Friday.

Values ​​of the day

• NYSE Euronext: -7.12% to 18 euros

The merger between Deutsche Boerse and NYSE Euronext will be endorsed by the European Commission, without major changes, officials said Friday, sources familiar with the matter.However, the European Commission will take action to force the markets to open.

• Air Liquide: -2.74% to 85.22 euros

The group of industrial and medical gases, Air Liquide announced Monday that it continued to bonds denominated in yuan, with the issuance of a second series for a total of 800 million yuan (about 100 million euros).

• Technip: -0.71% to 64.78 euros

The French engineering group has reached an agreement to acquire the entire share capital of the U.S. Global Industries, a specialist oil services submarines, to $ 1.07 billion (768 million) in cash.Technip will pay $ 8 per share Global Industries and the transaction amount includes net debt of $ 136 million, according to a French group.

• Delachaux: 2.61% to 81.77 euros

Trading in the action of the train manufacturer, suspended since Tuesday, resumed Monday. CVC Capital Fund and part of the family shareholders have filed a draft takeover Thursday simplified Delachaux at a price of 83 euros per share.

• Casino: -3.27% to 54.71 euros)

The French retailer Casino and its parent company announced Monday rally wearing their participation to 45.9% in CBD Pão de Açúcar (GPA), having acquired new shares of Brazilian group, the heart of a dispute between Casino and Crossroads this summer."This acquisition reaffirms the trust and commitment that rally, like Casino, place in Brazil and GPA," said Rally in a statement.

Note that the values ​​most dependent on economic conditions, including Saint Gobain (-5.48% to 28.71 euros), Alcatel Lucent (-5.05% to 2.20 euros) and ArcelorMittal (-3.38% to 12.58 euros) also suffer.

With 13.1% of its agricultural land for organic products, four times the national average, the Drôme is the first organic department of France. Another indicator that does not deceive, it is also the department in which college students in school canteens are offered the highest proportion (25%) of organic products on their menus. Well before the extent of Agriculture Minister Bruno Le Maire to force feeding to be at least 20% of products from organic farming in the composition of meals.

This is why the Chambers of Agriculture in connection with the General Council and 40 partners are organizing the third edition of the European Tech and Bio "Carrefour European Organic Farming Techniques and Alternatives," in Valencia. An event that has been going mercerdi until today.

Three factors explain this renewed interest. First of all the agricultural history of this department."After 1968, we witnessed a return to the land of urban agriculture were concerned about the issue in a different way, already with environmental concerns and quality higher than those of high productivity," said Guillaume Didier General Council Chair of the Drôme and also a senator. "These were the pioneers who wanted to produce differently," says his part Jean-Louis Cazaubon, Vice President of Chambers of Agriculture in charge of monitoring of organic farming.

In this spirit they have restored the sheep to make deposits and were able to live off their herds of sheep or goats. Others were interested in the plant sector. Moreover, "the plants to aromatic and medicinal organic production are the first of the department," says Didier Guillaume.In front of fruit and vegetables, eggs and even sheep and goats.

Second reason for the success of bio, geography places marked by a pronounced relief and small plots that did not encourage intensive farming. "The diversity of landscapes and production is also a very positive factor for the development of organic farms with a lot of mixed farming, the system is well suited to organic farming," says Jean-Louis Cazaubon.

Finally the political will is also an important key to the success of organic in the Drome."The involvement and support of local authorities as well as the stakeholders in agricultural development can better acceptance by farmers who produce organic in line with the expectations of consumers," said Jean-Louis Cazaubon.

For its part, the General Council provides specific support to farmers who have decided to convert to green agriculture. "It reflects a local agricultural system with the idea of ​​matching supply and demand, using software on the Internet," says Didier Guillaume.

ALSO READ:

"The crops are struggling to go to bio

"The French are becoming greener

The people of the East Coast of the United States are preparing for a weekend out of the ordinary. In anticipation of Hurricane Irene, the authorities announced palsy or slowing of most means of transport that normally innervate New York Area. Once is not custom, the inhabitants of the Big Apple, including 250,000 living near the coast are being evacuated, will have to live in slow motion.

For security, the three New York airports – JFK, La Guardia and Newark – will be closed Saturday for aircraft arriving at noon (18 hours Paris time). The flights from these airports, however, may take off until further notice. This is an extraordinary disruption to an area that typically concentrates the air flow one of the densest in the world: each year, as many as 100 million passengers pass through this metropolis.This weekend, nearly 8,000 flights should be canceled.

Like most of his counterparts, Air France announced Friday the cancellation of all flights to New York JFK on Saturday and Sunday, while disturbances are waiting on those provided to and from other cities the coast, like Washington, Philadelphia or Boston. The resumption of service, from Monday, could also be laborious and cause further disruption, have also warned the airlines.

Transport suspended

Measure more tangible for the people, public transport will be suspended in the Big Apple this Saturday from noon until probably Monday rush hour instant credit report. The subway, buses and railways do not circulate. Motorists have also been asked to leave their cars at home until the alert is lifted.If winds exceed this weekend 96 km / hour, the authorities of the State of New York have also warned they would close the main roads towards the city, and some bridges.

Given the restriction of transportation and possible damage caused by the passing of Irene, the inhabitants were ordered to stockpile water and food in preparation for the weekend. "Water is our product that sells best," noted the retailer Wal-Mart on Friday. Many are those who are armed with power generators in case of power failure.

To address these potential damages, the cost could rise to nearly $ 12 billion according to consulting firm Kinetic Analysis, U.S. authorities are preparing to deploy in new ways.900 National Guardsmen and 2,500 workers in the electricity sector include ready to intervene in case of power failure. All these measures aim to avoid at all costs repeating a scenario to Katrina, the hurricane that was painfully struck New Orleans in 2005.

ALSO READ:

"Irene: mandatory evacuation for 250,000 New Yorkers

"VIDEO – The Northeast of the United States is preparing to face Irene

»COMPUTER GRAPHICS – View the destructive power of a hurricane

From our correspondent in London

Despite a series of desperate measures taken last month to try to save the company, Southern Cross, the largest group of nursing homes in Britain, will have to end its activities. The company is in a position of near bankruptcy and will have to transfer all of the 752 homes it had to other management structures. Agreements are already being negotiated for a third of them. The listing of the group Southern Cross was suspended Monday for the London Stock Exchange.

An announcement has angered unions and associations for the protection of older people, worried about the future of 31,000 residents and 43,000 employees of the group.The bankruptcy of a private operator managed by investment funds of the City is also very bad news for the government to David Cameron, the reform of public health plans to provide a much greater role to the private sector.

Southern Cross tried last month to set up a restructuring plan which included the sale of hundreds of homes and the deferred payment of a quarter of rents for 752 homes, but these efforts have not been sufficient.

The magnitude of the crisis had forced the Prime Minister to take a stand last month. David Cameron was first started by saying that the state did not intervene in a private matter, but ended promise that he would do everything to ensure the situation of pensioners affected.A spokesman for Downing Street said Monday that no retiree "does homeless" because "there are currently about 50,000 places in the country" in nursing homes.

Reduced spending

The fate of Southern Cross also challenges the rapid privatization of the medical sector and assistance for the elderly in Britain for twenty years, a trend initiated by the Conservatives but pursued by Tony Blair. More than two thirds of homes in the country, many of which provide a public service, are now managed by private companies. The quality of their service is also criticism since private retirement residence with seven scored "poor" or "inadequate" in the inspections, said the Financial Times.

The cause of the collapse of Southern Cross is quite simple.The group had signed leases with annual increases of 2.5% guarantees but finds himself in is at odds because its major customers, municipalities and communities, reduce average spending of welfare benefits by 10% year, due to the combined effects of losses due to bad investments during the financial crisis and the massive budget reduction plan launched by the government Cameron.

This is the unfortunate consequence of a strategy set up by Blackstone, the investment fund that took control of the group in 2004. The fund wanted to increase the financial profitability of the group by selling its stock of homes, at a time when the UK property market was in a bubble.

To earn money on the stock market, you have to sell time shares and realize its gains, but most is not there. It is especially good buy, that is not too expensive. So, is it time? That's what we asked fifteen institutions. Here are their answers.

• Those who left

Alain Bokobza, Societe Generale: "The atmosphere at the beginning of the year was too good, the consensus of economists was very optimistic expectations for the generic market. Deterioration of expectations without fundamental change in the medium term is therefore an opportunity to enter to participate in a better performance in the next 12 months.Yields in the bond market are very low now, a return on equity should be considered. "

Bertrand Lamielle, B * capital, "is a good time if you have clearly in mind what it means to be on the market in general and at this moment in particulier.C is to say, a long investment horizon, and a taste for risk. Moreover, at this time, the market is growing tension due to issues of state debt, the slowdown in the U.S., the anti-inflation emerging and supports historical market business publications, are made question following the latest 'profits warnings. " In short, right now, the market sees the glass half empty. "

Pierre Sabatier, Primeview "Correction from April 29 to June 26 allowed investors to incorporate most of the bad news into stock prices.The slowdown is a fact, but there is no recession, and companies, as European American, show an iron (net margin rates are the highest with 10.5% for the S & P 500 and 9.5 % for the Stoxx 600). This frees upside potential in the short term, particularly in the euro zone and areas that have recently been the most penalized (banking, energy, telecommunications) "

Matthew Grouès, Lazard Brothers Management: "With less than ten times the results looking, European equity valuations are not expensive and offer a nice room for improvement, especially as earnings forecasts in Europe are measured.If we can not rule out further volatility, particularly because the debate on the debt ceiling in the United States, current levels we always seem to be very relevant to exposure to shares. "

Catherine Garrigues, Allianz GI Investments Europe: "The valuation levels, the shares are attractive and the dividends are interesting. However, the risk premium remains high due to the uncertain macroeconomic environment. "

Alexandre HEZEZ, Convictions AM: "We must begin to gradually reinvest in the market and take advantage of that. The market is on a level of stress due to the Greek crisis that has spread in recent weeks to the entire European banking sector.The downside risks are important, but they are largely integrated into the price including the promotion of European banks. "

Francois Chevallier, Leonardo Bank: "The trend remains fundamentally bullish, leaning on corporate profitability, the debt of American households and the emerging revolution. In addition, shares are still close to the support of their bullish channel (3800 points on the Cac 40). "

Nuno Teixeira, Schroders France: "Equity markets have been affected since the month of May largely by macroeconomic considerations, with the concern about the strength of U.S. growth, the end of quantitative easing program of Fed and growing concerns over the sovereign debt of countries of southern Europe.However, the recovery is on track, companies continue to show quality results – with an expected increase of more than 10% in 2011 – and have never had so much cash. The valuation multiples are more attractive when the assets have their bond yields remain unattractive levels. The risk appetite should pick up and equity markets regain positive momentum by the end of the year. "

• Those who fear a stirred

Jean-Louis Mourier, Aurel-BGC: "It's probably a little early, except under very opportunistic strategies and short term easy pay day loans. The risk was, in fact, be even agitated. Although the Greek appears to decrease risk, but it will not disappear overnight, at least in the minds of investors.The regulatory uncertainty on the banks remains high, resulting in volatility of the indices in which they have significant weight. Just before the "season" of publishing the results of the second quarter, equity analysts have revised downward their forecasts for net profit per share, while economists have reduced their expectations for economic growth, particularly in the U.S. States. After several seasons in which the surprises have dominated, there is a definite risk of seeing at least a balance between good and bad surprises on second quarter results and speeches may be prudent. "

Ginguene Olivier, Pictet Asset Management: "Be a little patient and wait for the summer, just as in 2010.We can still have a few target countries, Japan, for example, but still staying away from most European markets. There are currently too many uncertainties (deficits, monetary policy, corporate profit margins) and complacency (situation in Greece, governance issues) for only the upside potential is realized in the short term. The end of this summer could see the announcement of measures more credible medium-term, on the U.S. real estate or the European sovereign debt. "

Antoine de Salins, Groupama Asset Management: "It depends on your investment horizon: if it is long enough one or two years – the answer is yes because the fundamental valuations are attractive enough to double condition of accepting the intermediate volatility and to be selective in the choice of companies and sectors "

Patrick Moonen, ING Investment Management: "We n'envisagons not increase our equity exposure. A number of indicators remain unresolved: first, the situation of sovereign debt in the euro area, then, discussions about the U.S. debt ceiling and a further weakening macro economic data in the U.S. States. Finally, forecasting corporate earnings should include the slowdown in economic growth.Although most of these elements is temporary, we would like to see some confirmation of a return to stronger growth in the U.S. economy and control of the situation of Greek sovereign debt. We have reservations about the upcoming earnings season, several companies have already expressed serious warning on profits. We expect a point of entry into the market more favorable.

Arnaud Poutiers, IG Markets France: "After the recent recovery in recent days and continued high risk to attend the registration of new annual low, we believe it is not interesting to position themselves now to purchase with a view to medium term.The next six months should be dominated by a downward orientation of the Paris Stock Exchange, punctuated by intermediate times. "

Philippe Mimran, UFG-LFP: "For several weeks, the markets are nervous. Three main risks are the cause of this bout of weakness: Greece, the need to increase the ceiling of U.S. debt with a maturity of August 2 and finally undeniable signs of economic slowdown. The first two factors, we should have answers soon. On the economic downturn, we believe that the markets have largely addressed this risk. That's why we are quite in favor of a reweighting of risk in the markets during the summer. "

Mauro Ratto, Pioneer Investments, "On the CAC 40, it is not the right time.On U.S. stocks, yes, the sudden trend selling leads again an underestimation of most titles. "

ALSO READ:

"Exchange: managers hope a better season

"INTERVIEW -" A Decade of the future for SMEs "

Like every year, the famous guru of finance is auctioning a lunch with him. Derninère year, Warren Buffett has raised a whopping $ 2.62 million dollars – a world record – and this year is a high demand item on eBay Giving Works. The auction, which began at $ 25,000 June 5 at 19:30, Pacific Daylight Time, climbed over a million dollars in less than three hours. The winner will be chosen June 10 next, will have the opportunity to attend a luncheon with the Third World capital, held between June 27 and July 11 in the famous New York restaurant Smith & Wollensky.It may be accompanied by seven friends of his choice.

Fortune ranked third worldwide after the Mexican magnate Carlos Slim Helu and Microsoft founder Bill Gates, Warren Buffett, aged 80, is head of investment company Berkshire Hathaway Inc. The idea to donate the money raised at auction for a lunch came to the investor in 2000 when his wife, Susan, now deceased, presented him with the Glide Foundation and its founder, the Rev. Cecil Williams. As in previous years, funds raised for this twelfth luncheon will be donated to benefit the charity, which helps disadvantaged residents of San Francisco.Through these annual lunches, Buffett has managed to raise over $ 9 million.

50% of fortune to charity

Spurred by Warren Buffett and Bill Gates, several American millionaires have pledged to donate over 50% of their fortune to charity need a personal loan with bad credit. This initiative, called "Giving Pledge" ("Pledge") was launched in June 2010 and already has 69 signatories, including director George Lucas, CNN founder Ted Turner, or the co-founder and CEO of Facebook Mark Zuckerberg. "We see tremendous progress in just one year", says Warren Buffett in a statement. "I am delighted that so many people who have done well in America publicly commit and participate in philanthropy."

But despite the enthusiasm of the creators of the association "Giving pledge," they are struggling to find recruits abroad.Hoping to make a successful campaign in the Middle Kingdom, which houses a quarter of large fortunes in Asia, Bill Gates and Warren Buffett went to Beijing in September 2010 for a charity dinner party, after which a small number of guests have answered the call. The list of philanthropists has also no French name, despite the presence of four large fortunes (Bernard Arnault (LVMH), Liliane Bettencourt (L'Oréal), Francois Pinault (PPR) and Serge Dassault (Dassault Aviation)) in Forbes top 100.

France is she affected by the German outbreak of food poisoning linked to contaminated cucumbers starting to spread in Europe? If it is too early to say with certainty, the French authorities announced Saturday that three suspects were "under investigation" in France. In a joint statement, the Ministries of Economy, Health and Agriculture indicate that the investigation is linked to "the German outbreak.

Germany is in fact the first country to have been affected. Health authorities have identified 60 cases in recent days, bringing the total to 276 people. At least two people died and three other suspicious deaths are still under analysis. In the rest of Europe, some twenty-five cases were recorded in Sweden, seven in Denmark, three in Britain, two in Austria, one in the Netherlands and Switzerland.The bacterium is called into question the E. Enterohemorrhagic E. coli (EHEC), potentially fatal, causing bleeding in the digestive system and can damage the kidneys.

French departments have added Saturday that a lot of cucumbers as suspicious, "was delivered in French territory" but that his "withdrawal from the market was immediately asked." The three suspects to cases found do not seem related to this particular lot. The French authorities argue that "the monitoring device has been enhanced in conjunction with the Institute for Public Health" and that "Health professionals have also been sensitized, so that they detect and report any cases on national territory .

Saturday night, Health Minister Xavier Bertrand has warned against any "form of panic" against the risks of some cucumbers."From the moment we do not use this cucumber, there is no risk and the tragedies that could occur in Germany," he said when issuing Revised and corrected on France 5 Low fee payday loans.

French producers fear an amalgam

"Initial investigations conducted by the German authorities concerning the origin of this epidemic food guide to cucumbers imported from Spain, also indicate the Directorate General for Consumer, Competition and Repression of Fraud (DGCCRF ), the Directorate General of Health and the general direction of agricultural policy, agribusiness and territories. In Spain, samples from farms in the south, from where the cucumber on which the bacteria had been detected, were sent to a laboratory in Galicia. The first results are expected Monday.Both distributors suspected of exporting contaminated cucumbers continue their activity, said Saturday the Andalusian, contrary to what was announced Friday night Brussels.

The European Commission had indicated that the Germans were testing to see if the contamination had not occurred elsewhere in the distribution chain. The bacterium is usually transmitted by direct contact with animal feces.French health authorities recall also the usual hygiene rules: Wash hands before meals and after using the toilet and on fruits and vegetables, wash, peel or cook them before eating, transmission of the bacteria being almost entirely swallowed.

For their part, the French producers of cucumbers already fear a "mix" between production prejudicial French and Spanish. In a statement, they stressed that "the conditions of French production has nothing to do with those used in Spain as an environmentally and socially."

(With AFP)

ALSO READ:

"The hunt for Europe contaminated cucumbers

"A bacterium spreads terror in Germany

In Europe, the epidemic spreads related to cucumbers

On Thursday morning, the Paris Bourse continued its rebound, as Asian markets. The Cac 40, which ended yesterday evening in a small increase remains in effect in the green (0.46% to 3947.03 points to 10.30) while China is flying to the rescue of the euro area by purchasing debt securities issued by the IMF for Portugal. The improvement is mainly due to the upward revision of growth forecast in the U.S. and the euro area by the OECD yesterday.

In the eurozone, several declarations have resulted in a relaxation of risk aversion associated with the debt crisis. "First, the remarks made by Jean-Claude Juncker, President of the Eurogroup, suggested that ads for Greece could be made next week," says one at CM-CIC.

While the G8 summit opens in Deauville today, it will include questions to estimate the financial assistance provided to Egypt and Tunisia for their democratic transition. Moreover, speculation will go well on the nomination of Christine Lagarde at the IMF management. Moreover, for Greece, the German Finance Minister Wolfgang Schäuble said that Europeans had "not exhausted scenarios to support" the country, and found that debt restructuring has "significant risk."

Meanwhile, this Thursday, we follow the important economic figures:

• The French consumer confidence picked up slightly in May thanks to a receding fears of unemployment and inflation, shows Thursday monthly survey by INSEE. The composite indicator of consumer confidence is up one point to 84.Seventeen analysts and economists surveyed by Reuters on average expected a figure unchanged from April 83.

• Same time, figures on real estate in Paris and Ile-de-France in the first quarter, volumes and prices, and the prospects of Notaries of France were unveiled: the existing housing in Paris had reached an average the 8000 euros in the second quarter.

• In the U.S., at 14.30, we expect the deuxème estimate of GDP in the first quarter, and the traditional weekly claims for unemployment benefits.

On the currency front, after an air hole which brought him under the $ 1.40 yesterday, the euro and takes up 0.67% to 1.4177 dollars on Thursday morning at 8 o'clock.Oil, he, also incorporates height and handles more than $ 100 in New York.

Pierre et Vacances: heavy loss

Side companies, Eurazeo (-6.09% to 53.55 euros) sign the heaviest decline beyond Paris stock exchange after its decision to increase its share capital.

CGG Veritas jumps him from 3.08% to 26.11 euros. CA Cheuvreux has built value in Thursday's shopping list strengths. The broker was already at "outperform" on the title.

The group of real estate and leisure Pierre et Vacances Thursday posted an increased loss of 16.8% in first half of its fiscal year offset, dug by the extra costs to plan for business transformation, and anticipates growth in sales business in the second half.

France Telecom (+0.25% to 15.75 euros) and Canal + have given up the movie channels merge Orange (France Telecom) and TPS Star (Canal +) in a joint venture, La Tribune reported Thursday.

Saint-Gobain (0.67% to 44.49 euros) and its shareholder Wendel (1.25% to 83.23 euros) set the framework for their relations for 10 years.Wendel will not exceed 21.5% of the capital of Saint-Gobain.

According to the Financial Times, banks and hedge fund with Societe Generale (0.43% to 42.28 euros) leader, reportedly sold financial products to 3.5 billion euros in the Libyan sovereign fund that led to heavy losses, estimated by 30%.

Five candidates whose French Axa (1.27% to 14.75 euros) and CNP (0.65% to 13.88 euros) are still competing to buy Emeklilik-Deniz, the Turkish subsidiary of the insurance Franco-Belgian banking group Dexia (, said Thursday the newspaper Les Echos without citing its sources.

A major shareholders manager nursing homes Korian (+0.42% at 16.75 euros), the holding Batipart family Ruggieri, took 9.5% of the rival group Medica (2.69 % to 15.25 euros) for an undisclosed sum.

NYSE Euronext, a target of a takeover offer of 10.2 billion Deutsche Börse, is hoping to draw on its platform listing more Chinese groups this year in 2010, told Reuters quotes the head of international The transatlantic exchange operator.

LDC (+0.34% at 73.75 euros), the poultry producer, reported Wednesday a 24% decline in net profit for its fiscal year 2010/2011, to 47.8 million euros, penalized by higher raw material prices and restructuring costs. The company said it expects more than 100 million of capital expenditure in 2011-2012.

Vergnet (0.43% to 4.70 euros). The manufacturer's shareholders approved Wednesday the wind coming from the Strategic Investment Fund (ISF) and the Breton group Nass & Wind capital of the company.The ISP and Nass & Wind, specializing in the production of green electricity, announced in mid-April their plans to invest 18 million euros in Vergnet.

Faurecia, Capgemini, Natixis and Legrand hold their general meeting Thursday. Derichebourg publish its results for the second quarter after market close.