"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 U.S. economy created 115,000 non-farm jobs last month, according to statistics from the Labor Department, and the unemployment rate fell to 8.1%, a level not seen since January 2009, when it stood at 7.8%.

The figures for February and March were revised upward, respectively 154,000 (against 120,000) and 259,000 (against 240,000).

Economists polled by Reuters had expected an average of 170,000 jobs created in April after the figure of 120.000 was originally planned for March.

Sales totaled 800 million euros over the period while the division "connected home" which includes the manufacture of decoders has successfully stabilized its sales with an increase of 1.5%.

This activity, for which the group wants to find a partner, is expected to reach its goal of returning to breakeven in 2012, said former Thomson. 

The group, a debt of over one billion euros, said it had seen its debt reduced in absolute terms but as a result of an expected cash flow, "net debt to end March 2012 was higher than December 31, 2011. "

Technicolor, however, indicated that all of its first quarter results allow the group to keep its commitments.

"This performance confirms my group's ability to meet its objectives for 2012 adjusted EBITDA of between 475 million and 500 million euros, and the pursuit of a generation a cash flow positive, "said a statement from the CEO Frederic Rose. 

Compete with Motorola Mobility that Google is about to redeem, and the British Pace, Technicolor is a leading manufacturer of "set-top boxes" providing access to Internet, television and telephone.

The group is in talks with potential buyers for its manufacturing of decoders Angers (Maine-et-Loire).

The scheduled shutdown of the last French production site of the former Thomson has caused alarm in the middle of a presidential campaign led by the theme of "Made in France ", and employees of the group expressed earlier this month to express their fears of a dismantling of the company. 

The group, which has already gone through a long restructuring process after a backup procedure in 2009, intends to continue its mutation difficult by the challenge of innovation.

AstraZeneca offers Ardea $ 32 per share, representing a premium of 54% over the closing price Friday of society, and values ​​acquired at a billion dollars after deduction of cash held by Ardea.

Both groups said they expect the transaction to close in the second or third quarter, adding that shareholders representing approximately 30% of Ardea had agreed to vote for the operation. 

The action Astrazeneca yielded 0.87% at the London Stock Exchange at 7:35 GMT, but doing better than the market (-1.16%).

The group is facing generic competition on several of its key drugs, including anti-psychotic Seroquel, and just to renew its range. Earlier this month, he concluded an agreement on joint development and commercialization of five treatments of the portfolio of the U.S. biotech Amgen.

The biotechnology sector is currently characterized by a wave of mergers and acquisitions and consolidation attempts.

GlaxoSmithKline announced last week it had offered to buy Human Genome Sciences for approximately $ 2.6 billion (2 billion), an offer rejected by American society. Roche has attempted unsuccessfully to acquire Illumina to $ 6.8 billion.

These funds are meant to give the IMF the means to combat the crisis of sovereign debt in the euro area.

The G20 finance ministers meet in Washington next week and will increase the Fund's resources will be central to their discussions.

"I would say it will be somewhere between 400 and 500 billion and that much will depend on commitments of the major world economies and European economies outside the euro area," said an official of the G20. 

Executive Director of the IMF, Christine Lagarde, said Thursday that an agreement could take time, suggesting that the meeting next week may not result in an agreement dice finitif.

She also said it was possible that the IMF has required fewer resources than he thought a few months ago, the economic and financial risks are being mitigated, as well as its financing needs.

The long-term operations (LTRO) of the European Central Bank refinancing two to three years made in December and late February, by watering thoroughly with liquidity sys my bank, have also helped reduce the need of the Fund, in the opinion of officials. 

The IMF estimated in January that it would take $ 500 billion more for loans and an extension 100 billion in reserves for protection of risks arising from the debt crisis of the euro area .

"UNREALISTIC"

"It was always clear that this envelope 500 to $ 600 billion (…) was too unrealistic," said another official of the G20. "We will be happy if we get other countries as much as what the Europeans are willing to contribute."

Countries in the euro area have committed to provide 150 billion euros and other countries of the European Union 50 billion.

The first official said that China and Japan could together provide $ 100 billion, or slightly more. "It seems that Japan and China are relatively happy with what Europe has done," said a third official.

"But among developing economies, we still feel that the rich countries like Germany should play a greater role in solving the problems of the region, it may be that there is no agreement until the last moment, "added the third charge.

For now, the U.S. and Canada are the only countries that do not contribute to an increase of IMF resources.

The social network plans to complete the transaction in the current quarter.

Instagram was launched in January 2011 and now has thirty million users. The application allows in particular to apply filters and effects to photos taken with a smartphone.

This acquisition is unexpected since Facebook is preparing an IPO.

"This is an important step for Facebook because it's the first time we acquire a company and a product as accrued," said the Director General General of Facebook Mark Zuckerberg.

Attention statistical trapped. While the real situation of employment is being debated in the U.S., including the Fed, the Labor Department announced Friday that the unemployment rate fell 0.1 points to 8.2% in March. But this apparent good news is accompanied by a slowdown in job creation to 120,000 against 240,000 the previous month Analysts had expected at least 200,000 more jobs created last month.

Hiring was strongest in the first two months of the year, especially in January (275,000). But economists were concerned that these figures have been inflated by an unusually mild weather, making an increase in activity that would be offset by a slowdown in March.

Unemployment can evolve differently in job creation: it is determined by household surveys as they are derived from company surveys, it is sensitive to changes in the labor force (which increased less in March in January or February), and is calculated to a tenth of a percentage point, from which threshold effects.

Since summer, the trend unemployment rate is significantly to the decline, which had reached 9.1% in August yet. This trend is also clear for another measure of the labor market, unemployment and underemployment (including among other employees working part time against their will, or people who have abandoned the active search for work) , which fell to 14.5% in March against 14.9% in February. This is the lowest rate since January 2009. The number of unemployed also declined: 12.67 million in March, against 12.81 million in February.

By business segment, the slowdown in job creation is significant in the private sector (121,000 in March after 233,000 in February). In the public employment was flat in March while on a decline the previous month. Hiring in the manufacturing sector were virtually unchanged (31 000), while those in the service sector fell (90,000 against 204,000 in February).

The government increased job losses in temporary employment (7500), generally considered a leading indicator of economic activity. But he welcomed the increase of 3.6 million since February 2010 the number of jobs in the U.S. economy.

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 partners of Greece in the euro area, which meet Monday, should agree on a solution to prevent the country from going bankrupt in a month, even if the terms of the proposed aid is not yet clearly defined. Several European leaders have shown their confidence in recent days in the ability to unlock the situation Monday during a meeting of finance ministers of Monetary Union in Brussels.

Following a telephone conversation Friday, German Chancellor Angela Merkel, Italian Prime Mario Monti and Prime Minister of Greece Lucas Papademos have expressed "confident that an agreement on Greece can be reached Monday the Eurogroup ". "We're getting closer to have a solid basis for a decision Monday," said the spokesman for the German Finance Minister Wolfgang Schäuble, although it had multiplied the signs of mistrust vis-à-vis of Athens recently. French President Nicolas Sarkozy has also "expressed confidence that an agreement on a new Greek program is concluded in the next few days, paving the way for a substantial reduction of the Greek debt".

Aid on the table has two interrelated components: a deletion with the private creditors of Athens 100 billion euros of Greek debt, and a new bailout of 130 billion euros from its creditors. The whole question now is what the scope of the agreement that should come out of Monday's meeting. The green light to partial erasure of private debt, already largely complete, seems on track, and can not wait any more: it is not put back on track in the next few days, it will not be concluded before the deadline of March 20, date-cleaver which Greece will have to repay 14.5 billion euros of debt, otherwise it will default on payment.

The IMF could lend 13 billion

This is the part of public support that the uncertainties are the most numerous. Good news came from Washington Sunday: Treasury Secretary Timothy Geithner said the United States would support the idea of ​​a new International Monetary Fund loan in Athens. "This is a very strong and very difficult to reform, deserving the support of the international community and the IMF. The United States encourage the IMF to support this agreement," he wrote. The IMF would consider contributing a loan of 13 billion euros in new bailout, the Wall Street Journal. According to the website of JDD, the Fund proposes that the public debt of Greece in 2020 significantly exceed the level he wants to see it go down, reaching 129% of GDP when he wants it to be 120% up to that date.

On European aid to the President of the Eurogroup Jean-Claude Juncker, it would be "wise, judicious and advisable that finds consensus on the contours" of the program Monday. Some within the euro area are in favor of splitting the envelope, by not releasing a small portion of the aid at first, and await the outcome of Greek elections and the commitments of the new government before continuing payments or not. Paris prefers that the agreement covers all of the help, knowing that the different tranches will be disbursed in any case in light of reforms made by Athens. For the euro area has increased the requirements in exchange for his support, so that Greece can be found virtually under the tutelage of its partners.

The debt of Greece will not be reduced to 120% in 2020

Thus, a whole list of reforms contained in the "Memorandum" agreed with its creditors should be launched prior to the payment of a first tranche of aid, so they must be passed by late February or early March. And the euro area is also finalizing the creation, claimed by France and Germany, an escrow account which will be paid a portion of the funds loaned to Greece so that they are primarily used to repay public debt. This measure, which seems to have been accepted by Athens, has a number of technical difficulties and we must decide how such monitoring mechanism.

This is what's the job of senior officials of the Treasury 17, meeting in Brussels on Sunday. The other remaining issue to be arbitrated on the actual amount of public support: according to one diplomatic source, needs up to 5.5 billion more have already been identified, because the situation in Greece has deteriorated since October, when the sum of EUR 130 billion was set. And it will probably go even further, because at this stage, the measures are far from capable of reducing the public debt ratio of Greece to 120% of GDP in 2020, as originally planned.  

The European Central Bank began exchanging Greek bonds purchased below face value on the secondary market. It intends to redistribute the gains realized states of the euro area, so that they can share it with Greece, again in ways that have not yet been fixed. The idea of ​​reducing interest rates on loans already in Athens is also on the table but would yield relatively small, according to a European source. Whatever the outcome of the meeting, it will not be the end of the Greek drama as much now depends on political will from Athens to implement its part of the contract.

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.