"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

.

Greek Socialist leader Evangelos Venizelos said Tuesday that Greece should "alas" return to parliamentary elections, in principle within one month, without an agreement on forming a coalition government.

"We're going back to the elections in a few days, in very bad conditions," said Mr. Venizelos, after a crucial meeting with four other political party leaders, convened by the Head of the State Karolos Papoulias. "The efforts of government formation have concluded without success," confirmed a statement from the presidency, played live by a journalist of public television Net.

Mr. Papoulias is to convene at 10:00 Wednesday the leaders of all parties to establish an interim government, charged with caretaker pending the holding of early parliamentary news. Tuesday's meeting was the last chance to form a government "personalities" to get the country out of political deadlock, which worries the European partners and creditors of Greece, EU and IMF. Participants at the meeting were the Conservative leader of New Democracy, Antonis Samaras, M. Venizelos and the leaders of the radical left Syriza, Alexis Tsipras, the Democratic Left, Fotis Kouvelis and training national-populist independent Greeks, Panos Kammenos. The neo-Nazi party there was not invited, and the Communists have declined the invitation.

"Greece is heading towards elections, the meeting did not yield results," said Mr. Kouvelis, after the end of the meeting. This leader had proposed "an ecumenical government" but because "the refusal of the party of the radical left Syriza, this government could not be established," he said. Greece has been trying for over a week to form a coalition government after no party won a majority in parliamentary elections on May 6.

Previous Previous PauseSuivant 1. United States: $ 48 billion investment Next 2/10

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Previous Previous PauseSuivant 4. Italy: 28 billion dollars of investments Next Photo 5/10

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Previous Previous PauseSuivant 6. India: 10.2 billion euros in investments Next Photo 7/10

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While the Tribunal de Grande Instance of Paris on Tuesday condemned the SNCF to pay a fine of 1,500 euros to a young woman who said she lost her job because of repeated delays related to the train, the rail group Tuesday presented the new "Travel Guarantee" supposed to restore the confidence of travelers. This is new information system and compensation for non-time performance of TGV trains and Intercity. It has six commitments agreed upon with a dozen consumer groups. SNCF think they should cost him about 50 million euros per year.

A full and immediate repayment after one hour late

If the train is canceled or fails to start after an hour late: SNCF will refund in full, immediately and in cash the ticket even if it is a ticket Prems, non-refundable and non exchangeable . Another possibility for the customer, always if the train is traveling with an hour late: to exchange their ticket at no extra charge, as is the case now. However, it will make the trip within 48 hours on the same route. "This is progress. SNCF becomes aware that the client should be compensated for the delays. It takes into consideration, "said Jean Lenoir, vice president of the FNAUT (The National Federation of Transport Users Associations, who participated in the development of this new system

. The Punctuality: new criterion in the purchase of the ticket

Another change, this time on the side of the passenger information: by buying his ticket, the customer will have access to on-time performance. Thanks a history of delays for each train on the last sixty days, he can make his choice in full knowledge of the facts, "according to the punctuality of trains before," noted Guillaume Pepy, SNCF president. New signage will be implemented: a TGV which is green, it's a train arrives on time, however, the red means that a train has accumulated problems of punctuality.

Moreover, the exact cause of delays over 15 minutes and their possible compensation, will be shown the next day's journey on the internet. This system adds to the existing system, namely a real-time information on schedules and traffic conditions, the station, by telephone at 3635 or infolignes.com.

Coupons from 10 to 30 euros if the journey is up

It is a well known system, the SNCF tickets issued by focusing on overbooked passengers will not show up. But sometimes it gets stuck: when boarding the train, many travelers find themselves without a seat or back seat. Now, the controller will do everything to find free places to ride than a 1:30 or even by putting the customer first class (even if traveling in seconds). If no space is available, the skipper will compensate the traveler from hand to hand by issuing travel vouchers 10, 20 or 30 euros, on account of the coming move. These discounts will be higher or lower depending on the distance traveled and the degree of discomfort.

Taxis when matching missed it

In case of large delay, if the client missed the match, the station "will do what she can so that it reaches its destination," said Jean Lenoir. Translation: it will pay a cab, will introduce bus replacement or new express trains.

Envelopes hourly guarantees to get off the train

The "envelopes schedule guarantees" are eligible for a partial refund of the ticket beyond half an hour late (between 25% and 75% of the price). They are usually distributed at the station. Problem is sometimes the obstacle course to get them. Suddenly, from 31 March, they will be systematically distributed off the train. Exit the long search on the platform.

A faster response by email

Last point: for any claim by mail, the SNCF is committed to responding within a maximum of five days for e-tickets (electronic tickets) from late March and will be extended to all tickets and all claims ( 600,000 per year by mail) by the end of 2012. In 2011, the SNCF has compensated 1.4 million records with a payment of € 21 million

The new scheme should apply from 31 March. Still, this "small cultural revolution" in the words of Guillaume Pepy will be limited to TGV trains and Intercity. But "it is rather small delay repeated every day which is frustrating. We therefore hope that this new system SNCF applies to other categories as well as the TER trains Transiliens," said Mr. Lenoir. Before proceeding, "there is a dissatisfaction with the accuracy of the trains, we expect the trains arrive before-just now, as was the case twenty years ago".

Stanislas de Quercize, joined Richemont in 1989, is currently the head of Van Cleef & Arpels after having officiated for Alfred Dunhill and Montblanc brands. He will take office at the end of the year.

"From Quercize gave up Van Cleef & Arpels since his appointment, making the brand profitable and grow making credibility with buyers of fine jewelry," said Jon Cox, analyst at Kepler Capital Markets.

Cartier, in his view, represents half the sales of Richemont and two-thirds of operating profit.

Stanislas de Quercize cede his position at Van Cleef & Arpels to Nicolas Bos, current creative director and CEO of the brand in North America.

In exchange, the action Richemont, the world of luxury behind the French LVMH, was unchanged at 9.50, to 55.75 francs, while its European sector index took 0.3%.

In Paris, in mid-session, the CAC 40 was down 0.8% at 3443.28 points. The Dax 30 yields 0.58% and the FTSE 0.47%. The index futures point to a New York opening on Wall Street rather indecisive.

PSA Peugeot-Citroen gained 0.9%. The French manufacturer announced it was studying with General Motors on the feasibility of development of common platforms for large segments of small sedans and minivans.

BT wins more than 5%. The British telecoms operator plans to pay two billion pounds into its pension fund as part of a new nine-year plan more advantageous for shareholders.

The French government raised its economic growth forecast for 2012 to 0.7%, against 0.5% previously, and was lowered to 1.75% for 2013, against 2.0%, said Minister of Economy Baroin. This announcement follows the revision by the National Institute of Statistics and Economic Studies (INSEE), its growth forecast to 0% in the first quarter and 0.2% in the second quarter of 2012.

Moreover, the overall business climate in France has improved significantly in March, to 95 points, an increase of 4 points, according to INSEE.

In the U.S., the indicator of new home sales will allow investors to refine their expectations of recovery in the industry and the economy in general.

Greece may need a third international aid plan of 50 billion euros in 2015, says the German weekly Der Spiegel published Sunday.

Troika, representing the creditors of Greece (EU, ECB and IMF), wrote in a draft of its latest report that it is not at all certain that Greece can return to credit markets in 2015. Its external financing needs over the period 2015-2020 could then reach 50 billion euros. But Der Spiegel also states that this passage was withdrawn at the request of the German government.  

The newspaper also claims that the ECB is expected to trigger the collective action clause (CAC) that will allow Athens to force private creditors reluctant to take part in the Greek debt relief. This clause, contained in the Act on the swap of bonds between the Greek state and its institutions creditors, may be triggered if at least 66% of banks participating in the operation and require creditors reluctant to join the exchange program of debt, thereby increasing the enrollment rate automatically to 100% The debt exchange transaction itself will be held March 12.

It will allow Greece to delete 107 of the 200 billion euros of its debt held by private creditors. This erasure is a prerequisite for the payment of 130 billion public aid of the second rescue plan approved Thursday in Brussels.

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.

While the new aid package of € 130 billion is now almost ready, the finance ministers of the euro area are still not satisfied with the commitments made by the Greek political leaders to implement the agreement, by 2014 that provides new budget cuts and many unpopular reforms.

There are also doubts about the path of debt reduction Greek. It represents about 160% of gross domestic product and the "troika" consisting of the European Commission, the European Central Bank and International Monetary Fund (IMF) would like to bring to 120% by 2020.

"There are proposals to delay the Greek package or cut into parts to avoid an immediate default without engaging the whole (package)", has said one source.

"The options will be discussed (…) There is pressure from several countries to hold things until there is a concrete commitment in Greece, which could not come before the elections, "they added.

A telephone conference of finance ministers of the euro area must take place at 17:00. It replaces a scheduled meeting in Brussels, canceled the commitments incomplete Greek political parties.

Germany, Finland and the Netherlands are the countries that grow in the direction of delaying the adoption of the plan, have identified two other officials.

Under the terms of the support plan in Athens, an exchange of debt securities must be made within the next few days between Greece and its private creditors, who would accept a loss of face value of 50% and would reduce Greece's debt of 100 billion euros. 

GREEN LIGHT Monday?

The plan must allow Athens to honor the repayment schedule of debt amounting to 14.5 billion euros on March 20 and avoid a disorderly default difficult to assess the consequences for the entire euro area.

About 30 billion euros of the 130 billion dollars are intended to accompany the restructuring of private debt. Thirty other billion are needed to recapitalize the Greek banks.

But the rest of government loan would in turn conditioned on further progress on structural reforms in the country.

Asked about the possibility of dividing the package into several blocks, the spokesman for European Commissioner for Economic and Monetary Affairs, Olli Rehn, said no decision had been ; taken.

"So far in the discussions, it has always been addressed as a single package," said the spokesman.

Segmentation of aid could also face technical problems, private creditors calling, before the exchange of securities, guarantees the public phase Plan. 

These discussions could in fact have the principal purpose of increasing the pressure on Athens to political parties to commit themselves fully to implement the plan, whatever the election results in April.

Antonis Samaras, the Greek leader of the conservative New Democracy, has also sent Wednesday afternoon a letter to the EU and the IMF in which he undertakes to implement the new measures austerity.

Several European leaders, the main goal is to approve the second politically aid plan Monday and Tuesday in connection with meetings of finance ministers from the eurozone and the European Uni ; enemies in Brussels.

The German steelmaker reported a loss before interest and tax (EBIT) of 357 million euros over the period October-December, after a profit 273 million a year earlier.

Revenues decreased 2% to 11.37 billion euros while orders were stable at 11.26 billion.

Analysts polled by Reuters had expected an EBIT of 92.3 million euros and sales of 10.34 billion euros. 

The company said it saw encouraging signs for the volumes and prices in the second half, while adding that he can not make forecasts for the full year due to uncertainties about the economy economic.

The Marine Systems, which manufactures submarines, spent a provision of € 116 billion for its activity in civil shipyards which he sold to the end of last year the investment fund Star Capital.

The action ThyssenKrupp was down nearly 3% at 10:30 GMT after taking 2% over the last six months, during which its smaller rival Salzgitter has gained 23% and ArcelorMittal, the world number one, took 13%. 

ThyssenKrupp trades at 13.5 times its expected results on the next 12 months, reflecting a slight discount to Salzgitter (14.3) but a premium on ArcelorMittal ( 10.7).