Françoise Bettencourt-Meyers has requested in writing to become the beneficiary of some life insurance from his mother – to the tune of 93 million – "because of an agreement" with her past, said Sunday AFP to the former agent of the billionaire, Pascal Wilhelm.

The leader of New Democracy, one of the three member parties of the coalition government of Lucas Papademos, reiterated that his word was enough and that a written guarantee was unnecessary.

But European leaders fear that political parties are reluctant to implement unpopular reforms before the elections on February 19.

Samaras has already announced its intention to obtain an absolute majority at the polls to renegotiate the terms of the plan for European support.

"With regard to the discussion I had with the troika and the specific issue written guarantees, I would have said my position," said the Conservative leader after the interview.

"THERE WILL BE A SOLUTION"

By refusing to sign the document submitted by the troika, the economist would jeopardize the payment of the next tranche of aid. Creditors are willing to block eight billion euros needed to Athens to avoid default next month.

Political analysts believe, however, a compromise that allows both sides to save face will be found.

"One way or another, there will be a way around the problem.

The EBIT of the company thus stood at 330 million euros for the three months to September against 244 million a year ago.Turnover increased 20% over the period.

Deutsche Boerse and NYSE Euronext have until Nov. 8 to communicate officially to the European Commission their responses to concerns in Brussels about their merger, said last week a source close to the matter.

For now, officials of the two stock exchange operators are still reading and analyzing the "statement of objections" sent to them by the Commission on October 5, it says. This release contains the objections of the EC to the merger in terms of competition.

The agreement to acquire the operator of stock exchanges of New York and Paris by the operator of the Frankfurt Stock Exchange was concluded in February.The merger will create the world's largest exchange operator.

Earlier in the day, another source said that European regulators should organize on October 27 an oral examination of the merger.

According to the Sunday Telegraph newspaper and television channel Sky News, up to 3,000 employees, all British, could lose their jobs.

The Sunday Telegraph said that the announcement could take place next week.

BAE has 33% of the joint venture Eurofighter, as EADS and Finmeccanica.Some 550 fighters have been ordered by the four countries involved in the project: UK, Germany, Italy and Spain.

A BAE spokesman described the articles of speculation.

"As a company, we have not officially announced.We expect when this will happen, to inform staff first, "she said.

In a statement, the group said to be in the process of "review (its) operations in various sectors of activity" to help secure future contracts.

The first UK manufacturing group attributes his difficulties to a lack of command of combat aircraft in the world.

The main union in the country, Unite, said he would seek clarification as soon as possible from BAE to determine which sites would be affected by job cuts and to call for a voluntary redundancy plan .

The next meeting of the BoJ Monetary be held on September 6 and 7.

The government could also intervene unilaterally in the foreign exchange market to weaken the yen.

He has done 4 August – and the BoJ eased monetary two weeks ago – but the traders continue to seek refuge currency as the yen and Tokyo does not re-offend if fluctuations in the yen are considered speculative.

Friday the dollar hit a record low of 75.95 yen before remonstrate above 76 yen.

"Japan's position is consistent and it will take decisive decisions following the evolution of the market," said a senior official told Reuters.

"The BoJ does not exchange specific but deals with the impact of currency movement, the trigger for a monetary easing would be a serious deterioration in sentiment," said a source also told Reuters.

This relaxation will likely take the form of an increase in the "pool" of 50,000 billion yen (656 billion) charge to buy public assets and private funds to offer cheap fixed rate via market transactions.

This pool was already increased when the BoJ eased monetary policy this month.

Excluding energy and unprocessed food packaged, retail prices fell 0.8% monthly increase of 1.5% annually from 1.8% in June

Overall, retail prices fell by 0.6% monthly in July and increased 2.5% annually, rising fuel prices and electricity now that annual inflation in excess of 2.0% which the maximum tolerated by the European Central Bank.

At the Paris Bourse, the fall of the SocGen action sailed around 18.5% to 16.15 after exceeding 20% ​​temporarily. BNP Paribas

Abandoned agricultural credit and 15.68% 12.52% to 16.15.

The indices also dug their losses in the wake of a drop of around 3% of Wall Street opening.

"When we see how things have changed, there is now a lot of pressure on France.It's pretty focused, "said one London-based analyst who declined to be named, about the fall of the French bank.

"It's a little to challenge the French system:" you promise to reform.It's good but now we need concrete announcements ", he adds.

The French government announced late this morning that France would take 24 August the necessary steps to ensure that its objectives of reducing public deficits are met regardless of changing economic conditions.

CONCERNS IN ITALY

French banks are also under attack because of their high exposure to Italy, a country under pressure from European leaders to address its budgetary situation.

According to figures from the Bank for International Settlements (BIS), the French banks are exposed to the tune of 410 billion euros to Italy, followed by German banks with an exhibition of 165 billion.

BNP Paribas and Credit Agricole are especially vulnerable to Italy because of their local branch, respectively Banca Nazionale del Lavoro and Cariparma.

At the Milan stock exchange, securities Intesa Sanpaolo and UniCredit were reserved for the decline in the afternoon due to excessive volatility.

The market is concerned about the ability of Italian banks to refinance.In response to these rumors in the market, the ABI, the Italian Banking Association, said Wednesday morning that Italian banks had no difficulty at this time to refinance.

"Italy seems to be what worries that the market returns (the Italian debt) have fallen after the intervention of the ECB", noted earlier in the morning a trader in Paris.

EXTENSION OF AID TO GREECE?

In addition to these fears also reports that the European Union and the Institute of International Finance (IIF) would think an expansion plan for the exchange of Greek sovereign debt to include obligations maturing in 2024 instead of 2020.

To some analysts, this could result in the sudden depreciation of the most important for banks that hold the Greek sovereign debt beyond 2020.

"Banks that have not depreciated 100% of their positions could have an additional impact," said an analyst based in Paris. "This is true for BNP."

BNP Paribas said last week it held the Greek sovereign debt beyond 2020 on which it has not applied a 21% discount.

Societe Generale has however indicated that it did more than government debt after 2020.

Operating profit stood at 25.57 billion yen (234 million euros) in the first quarter of 2011 to 2012, covering the months of April-June

This is in marked down from 31.95 billion a year earlier, but almost two times higher than the consensus reached by Reuters Thomson I / B / E / S analysts from seven (13.8 billion).

Suzuki, which plans to increase production in the second half of the year to offset the impact of the earthquake in March, decided to maintain its forecast of 2011 earnings up 2.9% to 110 billion yen (Thomson Reuters consensus I / B / E / S: 105.7 billion).

Action Suzuki lost 10% since the beginning of the year, making even less than the index of Japanese transportation sector declined by 6.5%.

The manufacturer is concerned primarily with a decline in demand in India, his first and most profitable market, due to increased competition in the market for small cars, especially from Toyota Motor and Ford.

Toyota closed Wednesday down 1.27% after reporting on the eve of an operating loss in the first quarter, its first in two years due to sharp declines in production caused by the earthquake of March 11 and rise in the yen against the dollar.

A technical problem led the Belgian chemical group, poised to buy the French Rhodia, has announced that EBITDA was stood at 304 million euros (+12%).Financial analysts had relied on a figure of 299 million.

The increase in EBITDA was notably due to the higher volumes and selling prices of products of the group, which offset increased energy costs.

"The second quarter 2011 was excellent for Solvay with a request that resulted in volume growth of 4% on the back of an increase in our prices by 11% over the same period last year," said Christian Jourquin, CEO of Solvay, said in a statement.

The profitability of most chemical groups suffered from the rising cost of raw materials, they do not always affect the selling price charged to customers.

The Swiss Clariant and said Wednesday he had been able to increase its prices by 7% in the second quarter of 2011 while the cost of raw materials increased by 14%, noting in passing that this cost is expected to increase in the second half.

BASF, the world leader in the industry, for its part, reported profit and sales below expectations, blaming the loss of oil production in Libya and a slowdown in global economic growth.

The German group also said he expected growth "less dynamic, as observed by the end of the second quarter."

Solvay said in May anticipate the full year improved its annual operating profit, thanks to the contributions of both the chemicals and plastics business.

The Belgian group announced in April its proposed acquisition of Rhodia to 3.4 billion euros, of reconciliation which the European Commission will decide Aug. 5.

The French announced Thursday also an EBITDA up 31% to 297 million euros in the second quarter sales up 22% to 1.617 billion.

Consensus, however, still far from taking shape among members of the euro area over the contours of a second aid package to Greece on the issue of private sector participation and a possible "selective default "the country as well as on the date of a summit of European leaders.

But the ongoing discussions suggest a change in approach from the countries using the euro to a broader solution than a new bailout Greek.

"It is positive that the last few days discussing our partners in Europe and push more for a comprehensive solution," said Greek Prime Minister George Papandreou during a cabinet meeting in Athens.

A banker, the fact that discussions continued Thursday in Rome under the auspices of the Institute of International Finance (IIF), considered on its side it was possible to find a solution in the next major weeks.

A third source explained that the difference from the previous day was that "a reduction of the Greek debt is now seen as possible".

"This is one of the options," said the source, explaining that less radical solutions were also being discussed.

The International Monetary Fund Wednesday gave its support to the German demands of a substantial private sector to reduce the debt Greek participation in finding "appropriate given the size of financing needs and the need to share the efforts ".

SUMMIT?

According to several diplomats, two terms are the subject of further study: that of a "swap" between Greek bonds existing and new securities to maturity lengthened and the one on which a consensus is emerging of a redemption of its own obligations by the Greek state with the help of funds "euro area" (EFSF).

Under this arrangement, the EFSF would use some of the 400 billion euros at its disposal to lend again in Athens to the Greek government buys back its debt at a price well below their face value.

Either alternative could lead rating agencies to declare the country in "selective default", a situation that the European Central Bank considers dangerous because it could undermine investor confidence in the euro.

But after the failure of a French proposal to avoid default, members of the euro zone agreed last Monday to leave the door open to this option, as Germany, the Netherlands and Finland consider inevitable.

Beyond the measures taken to reduce to an acceptable level of 345 billion euros of Greek debt, as the Europeans seek to revive the Greek economy by committing to provide public financial support over the long term – can be up to 30 years – in the form of a "Marshall Plan" for the country, say some sources.

After Wednesday largely cooled the heat of the European Council President Herman Van Rompuy to hold a summit in the euro zone on Friday on these issues, Angela Merkel said Thursday that the meeting should take place only when an agreement was found .

She has received support from the Dutch Prime Minister Mark Rutte and Irish Finance Minister Michael Noonan.

Still, time is running out for the euro area, while countries of much larger, such as Italy and Spain, are now in the eye of the storm and that the rating agencies have again deteriorated this week Notes of Greece and Ireland.

Thursday, the Italian Senate Thursday passed an austerity budget over four years which provides 48 billion euros in savings and the joint EU and the IMF Ireland gave a good report on the country implementation reforms under the aid plan approved late 2010.

But on Friday the long-awaited results of stress tests European bank may again raise tensions in the markets.