"European solidarity is not a one-way street," said the minister at the newspaper Bild am Sonntag. "We can not have one without the other. If one thinks that Greece is the case, they lie heavily and to voters. "

Asked whether an output of Greece in the euro area could be prevented, he replied: "Of course! Because that's exactly the goal we had in mind when we agreed on rescue efforts and programs of significant reforms that will enable the country not to have recourse to the priesthood ts in the financial markets for years. "

" Now to Greece to meet its obligations, " Wolfgang Schäuble added, saying the country had hoped that a stable government as quickly as possible

. "The current situation creates uncertainty . This is precisely what political leaders should not do, "he said

.

The Boeing, co-owned by the private equity arm of Goldman Sachs and Onex, concluded on May 3 an agreement with its creditors for erasing about $ 2.5 billion in debt under Chapter 11, which aims to allow business to continue trading.

"This debt will no longer hamper our business," said Shawn Vick at a news conference at EBACE business aviation in Geneva.

"The procedure of Chapter 11 should not be confused with the liquidation or bankruptcy. There is too much value in Hawker Beechcraft for this to happen, "he said, denouncing the" misinformation "and" speculation "

. Shawn Vick

stressed that the group would continue to honor its orders and anticipated output of the procedure of Chapter 11 "before the end of the year" …

…… Goldman Sachs Capital Partners, the private equity funds of the bank, and Onex, the first Canadian company takeovers, had bought Raytheon Aircraft Raytheon in early 2007 and were renamed Hawker Beechcraft

. Under Chapter 11, the group of Wichita (Kansas) will have their money transferred to some of its creditors, Goldman Sachs and Onex retaining only a minority stake. 

Acquisition, made at the height of the bubble and in the hope of a growing market, came at the wrong time. The 2008 financial crisis and severe economic recession that ensued led to a fall in business jet deliveries of small and medium – the segment of choice Hawker Beechcraft.

Asked about a possible reduction in its range which would reduce the complexity of its production, said Shawn Vick Reuters that it was not the order of day.

"This company is more than capable of building many aircraft in all segments," he said.

Although it acknowledged that competitors had benefited from his troubles to him take market share, it highlighted a trend of more favorable order in 2011. 

He also expressed confidence in the ability to remain independent at Hawker Beechcraft:

"We have no other project to grow the company on a freelance basis," he said to Reuters. "That does not surprise if others were interested in the company, but more than able to stand on both feet."

Considering the situation in Greece "concern" after the results of Sunday's parliamentary elections, Jean-Paul Chifflet, the Director General of the French bank, has however, that the assumption of output in the euro area was not the scenario chosen by the majority group. 

"We are in all cases prepared for all eventualities even if we think that it should not happen," said Jean-Paul Chifflet at a conference call about the future of Greece.

"We do not envisage this scenario so as the majority of risk occurrence," he added.

At the Paris Bourse, the action Credit Agricole SA, which had opened on a drop of over 3%, 2.26% gave up to 10:10, to 3.417 euros in a market still nervous because of the political stalemate in Greece and the revelation of a trading loss by the U.S. bank JPMorgan. 

Since the beginning of the year, the title, which hit Wednesday during its lowest (3.344 euros) since its IPO in late 2001, falling more than 21%, significantly underperforming the European banking index down only 0.35% since January 1.

"Given the current Greek, the group's exposure to Emporiki remains a major factor of concern," said Alex Koagne, an analyst at Natixis.

"However the performance of core business lines is strong in the quarter. Moreover, the deleveraging plan ahead properly, which is good news, "he says

. NEW CHARGES ON GREECE … The listed vehicle

….. group Credit Agricole says first quarter spending in a new charge of 940 million euros for Greece, which EUR 567 million related to its Greek subsidiary Emporiki mainly because of new provisions

. Its net profit reached 252 million of the coup euros for the first three months of the year. According to the Thomson Reuters consensus I / B / E / S, analysts on average expected a net profit of 571 million euros.

Its revenues for the period rose 2.3% while its provision for credit risk have increased more than two.

The bank, which was accused last year its first annual loss since its IPO in late 2001, warned in mid-March that its first quarter accounts would incorporate new provisions on the Gre and it related to the perimeter of the second aid plan for the Hellenic Republic. 

Hired as other European banks in a restructuring of its operations in the BFI and reduce balance sheet size, the group also states that it reached in late April, 70% of its target to reduce its liquidity needs and 91% of its objective of reducing its risk-weighted assets.

ALL OPTIONS OPEN ON CHEUVREUX

This restructuring of the CIB, which involves the removal of 1,750 positions, also resulted in the first quarter charge of 224 million euros.

Asked about the future of its subsidiary brokerage Cheuvreux, Jean-Paul Chifflet also said that all assumptions were now open. 

Cheuvreux was excluded from the scope of end-March discussions with the Chinese broker who negotiates the purchase Citics CLSA, the brokerage subsidiary of another bank green.

For the whole group Credit Agricole, the net profit was 804 million euros in the first quarter, down 47%.

For comparison, the group BPCE (People's Bank – Savings Bank), parent company of Natixis, has made a net profit of 665 million euros.

BNP Paribas and Societe Generale have in turn reported net income of respectively 2.867 million and 732 million euros.

The new French president-elect, Francois Hollande, will soon have to hire tough negotiations with its European partners, led by Germany, if he wants to achieve its goal of "renegotiate" the pact of fiscal discipline to include a "growth component" . The handover will take place with Nicolas Sarkozy later than May 15

Without waiting, Mr. Holland should have an exchange on Sunday evening with Chancellor Angela Merkel, as his special advisor Jean-Marc Ayrault. "This is the key to the recovery of Europe, the reorientation of Europe in the direction of growth, in the sense of competitiveness, protection," said Socialist deputy mayor of Nantes, which the name is tipped to Matignon.

Berlin was on his side said on Sunday ready to do so. "We will put to work quickly to add to the treaty a fiscal growth pact for more competitiveness," said the foreign minister, Guido Westerwelle, the German press.

The team intends to Francois Hollande music in the coming days promise emblematic of the newly elected through "consultations" with capitals. Objective: To complete the "memorandum" on "Growth Pact" for transmission to partners by the end of the month.

Upon taking office, Francois Hollande will meet Merkel to prepare the informal meeting of EU leaders scheduled for late May or early June, then the top 28 and June 29, devoted to the growth. For Angela Merkel, it is not a question of getting the treaty on the trade budget, signed in early March by 25 EU countries and already ratified by some of them.

This is all the ambiguity of Francois Hollande, who in turn promised to "renegotiate" or "complete" by the treaty of the measures intended to boost growth. The question is which of these terms the focus will be.

"In reality, the rules of fiscal discipline we generally agree," says the AFP near future head of state. "We ratify the treaty and to include it in a balanced package with a real growth component," he adds.

Discussions are possible?

In another near Berlin knows what to expect: in the absence of direct contact with the chancellor, "the German Embassy in Paris did the work to understand our positions." Francois Hollande is confident of having done move the lines: one after the other, European leaders are now in growth a priority, even if their income may differ from his. "The general impression is that, despite disagreements, it is possible to discuss" with the Germans, told AFP Karine Berger, team member of the former socialist candidate who recently visited with economic and financial circles across the Rhine. For her, "the points made by Francois Hollande are very pragmatic, it is to launch projects for growth."

Four areas to boost growth

In fact, the four pillars of its "Memorandum" seem to have been held in a spirit of compromise. This is to finance investments in infrastructure, new energy and industry, by several means: European loans ad hoc financing capacity of the reinforced European Investment Bank, of structural funds and European tax on unused financial transactions.

These proposals, pending in Brussels, "could benefit from a new impetus with the election of Holland," said a European diplomat. "The most complex is the legal form to be taken by these projects," said does one in the entourage of President-elect. Difficult for him to settle for a declaration of intent or a non-binding protocol. "The uncertainty will be lifted as soon as possible, including to reassure the markets," glides Does the same source.

Other controversial issues may resurface later. Francois Hollande has not completely dismissed the idea of ​​giving a greater role to the European Central Bank or to pool debts through Eurobonds, two projects which Berlin refuses to hear.

Read also: The unspoken debate on growth in Europe

The airline needs to spend a large order by the end of 2016 to reach its goal of doubling its capacity to 150 million passengers a year.

An order before the end of 2014 is unlikely, however, said Michael O'Leary told reporters.

The CEO of Ryanair also said that if his group paid a special dividend in respect of fiscal 2013, it does not pay a second in 2014.

The country had 18,000 job seekers less than in February in seasonally adjusted data (CVS), to 2,841,000, while economists polled by Reuters had pre saw a decline of only 10,000.

In raw data, the number of unemployed fell by 82,000 to 3,028,000 and the rate of unemployment has fallen from 7.4% to 7.2%.

The Nikkei lost 55.50 points to 10,086.49 points, away from its highest of eight and a half months reached Monday to 10,172.64 points. The Topix broader, yielded 9.57 points (1.1%) to 858.78 points.

The export values ​​have suffered from profit taking. Toyota was down 1.54% but still up nearly 38% since the beginning of the year. Nissan has lost 2.92% and Sony dropped 4.47%.

Investors also took profits after a rise of more than 10% of the Nikkei in the month just ended, its best performance in February for 20 years.

The Nikkei lost 15.87 points to 9,707.37 and the Topix broader, yielded 4.42 points (0.53%) to 831.54. 

At his hearing Wednesday before the Committee on Financial Services of the House of Representatives, Ben Bernanke noted that there had been improvements in the labor market, even if e also said he had to accelerate growth in the United States that will reduce an unemployment rate considered unacceptable. (See)

Recognition of a better employment has, ultimately, been interpreted as not going in the direction of an imminent new repurchase program obligations.

"The recent increase was largely due to the high liquidity (available), so in hindsight expectations of further easing, this element will disappear and could weigh on market s actions, "Judge Masafumi Yamamoto, currency strategist at Barclays Capital chief.

Values, Softbank closed up nearly 2% after winning an auction on mobile frequency coveted.

Time alone in the world, soccer clubs of the old continent are now emerging teams succeed in the transfer market. It must be said that the rich owners of these clubs do not hesitate to offer more wages to more than 10 million euros to attract stars, although they are generally on the decline. Examples abound: the former Chelsea striker, Nicolas Anelka, has landed last week at Shenshua Shanghai where it will be driven by a compatriot, Jean Tigana. He immediately said he hoped his friend Didier Drogba could join him soon.

Two days later, it was the turn of Anzhi Makhachkala, Dagestan, an obscure Russian club, to the news by announcing the signing of Dutch coach Guus Hiddink. The winner of the Champions League in 1988 with Eindhoven and former coach of Russia will be paid 10 million euros net per year, the taxes being paid by the club. It must be said that it already offers 20 million euros per year for the services of Samuel Eto'o.

And India, conspicuously absent from the map of world football so far, has set up a private league to organize a parallel event to the very low national championship. Originality, the six participating teams were divided former football greats at the end of an auction process on their wages. Which allowed Robert Pires, Fabio Cannavaro 2006 Golden Ball or Hernan Crespo to win the CSD from 7 weeks to more than 600,000 euros. But signs that India hand really scratch, kick off this mini-league, which was scheduled to begin Feb. 24, to be postponed to April. Stages of the state of West Bengal, where it is organized, lacked standards stadiums!

Finally Brazil, world's largest exporter of footballers today able to retain or bring back its stars: Ronaldinho and Deco are thus returned.

But the clubs emerging countries can they really compete with European football in the coming years? For Loïc Ravenel, author of The Atlas of world sport "this situation recalls the development of Japanese football in the 90s. At the time everyone saw the explosion of Japanese clubs who would be able to compete with European clubs. Which is ultimately never happened. Same with the Qatar where clubs are paid to former stars of European teams since the early 2000s.

Russia and Brazil in the lead

All emerging countries do not yet play in the same court. "Brazil is the country with the highest potential," said Bastien Drut, sports economist. "The football culture is incredibly present and ultramodern infrastructures are built for the 2014 World Cup to be held there."

Of wealthy businessmen also came into the game by taking over the legendary Brazilian soccer teams, like Corinthians and Santos. In the latter club, owned by property magnate Alvaro Luis de Oliveira Ribeiro, the influx of dollars has resulted in the selection Neymar, global star at just 20 years and courted by Real Madrid and FC Barcelona. His salary of € 6 million per year, is the equal of the Spanish Xavi or Iniesta. A strong trend. In 2010, 135 Brazilian players have returned from exile, often returning from Europe. The most famous: Ronaldinho, Deco and Adriano. And the 2014 World Cup should play the particle accelerator. "What is missing are a business model in this championship for a longer-term development", Loïc Ravenel shade.

The bug's salary Ronaldinho

Symbol of these attempts, the failure of the financial package expected to provide a salary of € 6 million to Ronaldhino. The club Flamengo had an agreement with the sports marketing company Traffic to support 75% of this amount. But she did not succeed: Ronaldinho's salary was not paid for six months. Flamengo has had to rely on sponsors to pay for his star to the end of the year. But his contract runs until 2014.

Away from heat Maracana, Russian football also rises in rank. Many oligarchs have invested. "The Russian league is growing for two years by recruiting players with great potential," said Loic Ravenel. Its main asset: its clubs face the great European teams in matches of Champions League. "What helps attract players willing to play the European Cup, and clubs to progress by participating in a very high level of competition. Chance of which does not have the other emerging countries." Property of Gazprom, the Zenith St. Petersburg has won the Europa League in 2008. Sign of the times, the Russian league has adjusted its schedule this year than in Western Europe. To better compete in European tournaments. According to Deloitte, the largest Russian clubs have their place in the top 100 of the biggest clubs in the world. But they remain far from the top 20.

Read also: soccer clubs the richest in the world.

Asian ambitions

A challenge still too high for Asia? If India with his new Soccer League franchises made private on the model of American sport still stammers his football, China advance its pawns. In a league plagued by match-fixing scandals, the Shanghai Shenhua, led by Zhu Jun, heavyweight and video game licensee of the online game World of Warcraft, have acquired Nicolas Anelka. Paid 234,000 euros per week, making it the French player the highest paid in the world, the former Chelsea striker is only the foundation stone of Chinese ambitions.

And in the Middle Kingdom, Shanghai Shenhua is not an exception. Many clubs have been bought by tycoons seeking to find the stars. The Hengda Canton have registered the arrival of Argentine Dario Conca, paid 10.6 million euros a year. A huge exodus Messi or Cristiano Ronaldo touch (not sponsors) respectively 11 and 13 million euros, according to France Football.

Looking for a "business model"

"But unlike Brazil, Asian countries have no football culture", Loïc Ravenel relativizes. "To compete with the big European clubs, it is not enough to stack the stars. Must also have a strong league and the clubs must play in major competitions to progress. A business model must also be set up to rake in revenues and does not depend exclusively on money from patrons. "

Far from the big European clubs in terms of ticket revenues or products, teams from emerging countries currently lack infrastructure to develop, as in Brazil, or public enthusiasm, Asia from China to Qatar for example … TV

…… rights, hen that lays golden eggs of modern football, are also far from what is done in Europe. But if the great Qatari Al-Jazeera puts more money to acquire the broadcasting rights of European leagues including the League 1, and for disseminating the low Qatari championship, Brazil has seen its revenues swell television. TV channel Globo had paid 132 million euros during the period 2009-2012 to broadcast meetings of the Brazilian championship.  

The agreement, negotiated with the collective Dos Club 13, which represented the championship teams, has been shattered this year with the loss of it, the great Brazilian clubs have decided to negotiate separately with their own TV rights. A coup successful. For three seasons (2012-2015) next, TV Globo was forced to pay 312 million euros to broadcast the matches of the championship. Kickin financial accelerator and a further step in the growth of Brazilian football, leading emerging football issue.

The Standard & Poor's 500, which on Thursday signed its best daily performance in two weeks to finish at a high of nine months, rose by 0.32% (4.39 points) to 1,362.44 points in early trade, from a test area of ​​technical resistance around 1,360 points.

The Dow Jones takes him 0.35% (49.35 points) to 12,949.80 points while the Nasdaq composite is stable (0.02%) to 2,960.46 points. 

The Italian Prime Minister Mario Monti, German Chancellor Angela Merkel and Prime Minister of Greece Lucas Papademos are optimistic about the chances of concluding an agreement on Monday in Greece, said Friday services Head of Italian Government after a teleconference between the three leaders.

Moreover, the European Central Bank (ECB) is considering allowing Greek bonds held by central banks in the euro zone to experience similar discounts to those offered by private investors told ; Reuters sources within these central banks. 

"With a jump of more than 4% of the Greek Stock Exchange, European banking stocks rose and the S & P which is the subject of buying whenever it drops, the market assumes that European finance ministers will approve the bailout (of Greece) Monday, "said Peter Boockvar, equity strategist at Millar Tabak.

The market has little pre-market reacted to the publication of retail prices in the U.S. in January, which rose 0.2% last month as expected by economists .

Values, Apple advance of 0.62%. The group at the apple has seen its share of the smartphone market in China back in late 2011 for the second consecutive quarter to compete with local builders and buyers a wait of some of its pre-market iPhone 4S.

Applied Materials, who said to expect an acceleration of the recovery in the second quarter of fiscal year, increased by 3.33%.

Baidu and Heinz, who delivered results above expectations, experienced varied: Baidu was down 1.97% and 4.22% Heinz wins.