The bankruptcy of thousands of municipalities, local authorities and public institutions French becomes clearer. In fact, 5500 government entities agreed with toxic loans between 1995 and 2009, according to a confidential document from the bank Dexia revealed by Liberation.
Thus, at the height of the financial bubble, the specialist in financing local authorities [...]
The salvation of the euro area could come from China. Forced to borrow at prohibitive rates Monday morning, Rome had in fact asked Beijing to make significant repurchases of its sovereign debt, reports the Financial Times. A member of the Italian government confirmed on Monday the existence of discussions with the Middle Kingdom on [...]
The leaders of the euro area have increased their telephone calls all day Friday, but failed to contain the fire in financial markets. The European stock markets recorded a tenth straight session of declines, despite employment statistics better than expected in the United States.
The pressure was at its height on Friday night [...]
Asian stock markets found the way to the rise on Wednesday. These days were marked by a sharp decline in seats in the region due to fear of contagion of sovereign debt problems in several countries in the euro area. Yesterday, European and U.S. stock markets have limited their losses after the announcement by [...]
Impatience is not formally expressed, but the signal is clear: the leaders of three major European institutions – the Council, the Commission and the Central Bank – can be found Monday morning in order to spur the seventeen countries of the euro, still unable to agree on mounting a second rescue plan for Greece. [...]
From our correspondent in Washington
The signing of the employment contract that binds the IMF is only a formality in a schedule also responsible for Christine Lagarde. The high point of his first day will be his speaking before hundreds of employees of the fund, meeting in the Great Hall of the headquarters [...]
The U.S. textile specialist VF Corporation will put her hand on her compatriot Timberland. That's what we announced on Monday the two groups in a communiqué.VF Corp., which owns brands such as backpacks by The North Face and Eastpak, those pants Wrangler and Lee, or that of Vans shoes, putting on the table $ [...]
Meanwhile how OL GROUP, led by Jean-Michel Aulas, will provide funding for a new stadium, investors seem to be on the lookout for any new funding. On Monday, the track climbed nearly 2% to 5.90 euros after the announcement this weekend by the management of the signing of the syndicated loan of 57 million. [...]
U.S. stocks open sharply into the green on Friday, strongly supported by the publication at 14.30 good employment figures for the month of April. At the opening, the Dow Jones advanced 1.10%, to 12,723.12 points and the Nasdaq, dominated by technological, 1, 09%, to 2845.48 points. For its part, the broader index Standard & [...]
Earlier this year, the head of state went to Mayotte in anticipation of the creation of the 101st French department. For the 186,000 inhabitants of the island, the promise became a reality this Thursday, March 31.
If 2010 has prepared the process of departmentalization, Mayotte has a long way to go. The economic [...]