World News – International Headlines, Stories

 

This is an unprecedented slump that hit the fourth Spanish bank. The share price of Bankia dropped to 29% on Thursday, before ending down 14%. This dizzying descent only accentuates a steady downward trend of the financial group resulting from the merger of Caja Madrid and six other savings banks.

Since the release in Bankia Stock Exchange last July, the stock has lost 68.8% over the last ten days, the trend has accelerated: the day the resignation of its CEO, Rodrigo Rato, May 7 last action was still worth 2.40 euros. It went on Thursday to below € 1.20. The announcement of the nationalization of the parent BFA, May 9, nothing could be done to stop this downward spiral.

The panic is born of the daily El Mundo information, real or false, ensuring that customers Bankia have removed over one billion euros from their bank accounts in just one week. "Founded or not, rumors in the markets operate as self-fulfilling prophecies," Judge Juan Ignacio Crespo, financial analyst and author of Las dos próximas recesiones ("The next two recessions"). In fact, attempts conjugated Bankia and the Spanish government to deny such a flight of capital have proven ineffective. The new number one Bankia, Jose Ignacio Goirigolzarri sent a message to the supervisor no credit check payday loans. "Investors can be absolutely quiet about the safety of savings they have entrusted to us," writes Goirigolzarri. In the same vein, the Secretary of State for Economy, Jiménez Latorre, denied reports published by the press. "The fundamental problem, Crespo believes, is that nobody knows what is Bankia today." In early May, the auditing firm Deloitte has refused to certify the results of the bank. The dispute was about 3.5 billion euros. In the process, the State has transformed its equity holdings.

Contagion

These rumors thrive more easily than the situation in Spain is extremely tense. Madrid yesterday had to pay much more expensive that some weeks ago to borrow nearly $ 2.5 billion. Investors are skeptical about its ability to reduce its public deficit then it must help its regions and its banking sector. Beyond Bankia, concern for Spain is that of a contagion of its entire banking sector. April 30, Standard and Poor's had lowered his rating of 11 banks. Analysts were concerned Thursday that its competitor Moody's follows suit.

ALSO READ:

"Spain seeks the help of the ECB for its banks

"Greece: bank run in 800 million per day

"Spain wants to protect its banking sector

The first thing to do while deciding upon an insurance policy is to get the term quotes from various life insurance companies.

 

The arrival of Free greatly upset the telecom market. It forced all operators to lower their prices, thereby destroying much of value. Just yesterday, the rating agency Standard & Poor's downgraded to "negative" view of the credit rating of France Telecom against a steady opinion before, because of competition related to the arrival of Free Mobile.

To resist, the operators have chosen to replicate on two grounds. On the one hand, they seek new and innovative services to recreate value. But it will take time. More immediately, they decided to cut costs. Bouygues Telecom has already launched a program to save 300 million euros. One of the most dramatic savings can be achieved through pooling or sharing of their mobile networks. Orange has experienced in Britain with Deutsche Telekom, with a key to the economy of one billion pounds. It also shares its network with other operators in Poland, and soon Romania and Spain.

For several weeks, Stéphane Richard, CEO of France Telecom, multiplies the discussions on this subject with its French rivals. "We are ready to do it in France with SFR and / or Bouygues in 4G, but both seem reluctant at the moment," he said in an interview with L'Express early May.

Yesterday, Xavier Niel echoed him. Free Orange and could make "smart things as the approximation of (their) networks to improve coverage of the territory," said Niel in an interview with Challenges. However, it is not clear that Stephane Richard rushed into the arms of Xavier Niel. "Orange, SFR and Bouygues, which each have deployed a network, would legitimize the pool. This is not the case of Free, who has yet to develop his own, "says Stéphane Richard Le Figaro. The savings over several years could amount to over one billion euros.

Copernican revolution

The fact remains that the idea of ​​sharing, common in some emerging countries, is a new idea in France. For operators, this would also be a Copernican revolution: the network has always been considered the "war chest" that can be opened sparingly and under duress, as was the case with the arrival of MVNOs.

Sign of the times in 4G mobile licenses acquired last December by SFR and Bouygues Telecom obligations are not only sharing but also the network frequencies. The reshaping of the telecom market has only just begun.

ALSO READ:

"Numericable will boost the flow in the home

Next times the need arises for a online cash advance, whether it's for car repairs, to pay bills, or simply to get away for a vacation go to a pay day lender for your cash.

 

An announcement revealing the baby's name before his birth? Impossible. Yet. Two days before the first meeting between the new president Francois Hollande and German Chancellor Angela Merkel, the Official Journal published a notice of the Sunday very austere General Commission for Terminology and Neologisms to lift an unbearable suspense: how to describe the "Eurobonds "in the language of Molière?

Answer: "Eurobonds". "The joint issue of Eurobonds, if decided, would be a way to pool the sovereign debt of Member States of the euro area", the wise linguists argue. A timely boost for Francois Hollande. It would have been complicated, for this lover of fine words, to go to Berlin militate in favor of an instrument that has not even translated into French no fax payday advances.

Certainly it did not take to look far this neologism, without recourse in any case to the unbridled imagination of Quebec cousins. When it is not preceded by James, "bond" in financial English, really means "obligation". One had to jump into the water on a controversial subject within the Franco-German couple that all permits to emit. For where, with his "Eurobonds", the Academy aims to enrich the language, Angela Merkel, however, sees the impoverishment of Germany. In Berlin, we find that the most accurate translation of "Eurobonds" rest "eurobunds".

ALSO READ:

"Merkel Holland: Reinventing Europe

"Do away with the jargon of management

Shop for less cost on your insurance policy and you'll soon find that even your present insurance carrier may be able to assist you with a low rate car insurance policy.

 

Angela Merkel likes the cons-feet. After the victory of Francois Hollande in the presidential election on 6 May, the German Chancellor had said it would host "open arms" the president-elect. Thursday, it proved inflexible in the Bundestag, rejecting any policy of increasing public spending, policy advocated by the Socialists.

And this Saturday, one that supported Nicolas Sarkozy during the presidential campaign, tried to calm things down, three days before his meeting with Francois Hollande, in Berlin. When asked, by withholding his weekly video podcast, a "possible steady partnership with the new French president," Merkel said, "Yes, that's what I think, because we know since the founding of the Republic Germany a good Franco-German relationship is just very important for both countries. "

Angela Merkel isolated within the EU

By his attitude changes, the Chancellor irritate Francois Hollande. Before his colleagues, the president-elect would not hesitate to declare that "this is not a good method" to be so inflexible. In Berlin, the president apparently intends to say to Angela Merkel, "politely but firmly," according to a close this week quoted by Agence France-Presse. In the camp of Francois Hollande, we remain confident. "The Franco-German friendship, we know, transcends political change, said Saturday that Pierre Moscovici on BFM TV … It's not always easy, we must find, build new compromise, but it will happen I hope as always. "

For now, the latest forecasts from the European Commission for the French economy, published Friday, give reason to Angela Merkel and fall ill for Francois Hollande. According to Brussels, France's public deficit should reach 4.2% against 3% anticipated by the new president. Growth of gross domestic product to 1.3% in 2013, far from 1.7% target by Francois Hollande. For its part, the German economy should continue its momentum. The five major economic research institutes across the Rhine anticipate a 2% increase in 2013 GDP growth of Germany.

But sixteen months of laws, the government of Angela Merkel is in trouble. Having already lost power in Schleswig-Holstein, the Chancellor will test again on Sunday in one of North Rhine-Westphalia, the most populous regional state of Germany and bastion of the left. Especially, that which formed a duo with austerity in favor of Nicolas Sarkozy, now seems isolated within the EU since the latter has lost the presidential election. And while many European capitals have welcomed the growth pact advocated by Holland.

ALSO READ:

"Between Merkel and Holland, fundamental disagreements

"Germany adjusts his tandem with France

Late fees; car payments, an unexpected hospital visit. Those are legitimate reasons to secure a fast cash personal loan.

Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

Complicated faxing techniques were always a source of worry as most loan types need an identity proof. But now with the advent of bad credit loans with no faxing, you can apply for payday loans online without much hassle on your part.

 

From our correspondent in Berlin

Angela Merkel honed his cons-offensive against Francois Hollande. German Chancellor, who continues to dominate European politics, where it imposed its strategy based on budgetary discipline in the fight against the debt crisis, has no intention of yielding to pressure from French President. Several government ministers are on the frontlines to remind France of its commitments and tackle the new socialist president, accusing him of not having the means of its policy.

Monday, Merkel had firmly reiterated its refusal to renegotiate the budgetary stability pact, as requested by his new partner. Chancellor, who sent Tuesday a message of congratulations to the new French president, has hinted in Holland clearly what concessions he could get to Berlin: the formulation of a new Growth Pact and the increased means of the European Investment Bank investment in it. But she rejects any program for stimulating the economy, which widen the debt.

"Germany is not there to fund election promises of the Socialists, has launched its most brutal lieutenant, Minister of Ecology and vice-chairman of the CDU, Norbert Röttgen. The federal government clearly defends the continued policy of fiscal discipline. "Ultimately, if growth is financed by new debt, it will be for Germany to pay for" the victory of the French Socialists, "slice-t one in Berlin, where we remember who holds the purse strings in Europe.

Reducing budget deficits

Merkel put on a dual strategy. "The economy of France and the country's finances remain in a precarious state, decrypts Peter Altmaier, leader of the CDU in the Bundestag and fair view of the Chancellor low fee pay day loans. Any country that tries to pursue a policy of increasing its supply deficits would quickly back to the markets and interest rates would rise. France has no flexibility. "

Berlin deplores especially qu'Hollande has promised during his campaign to increase the minimum wage, creating civil service positions and return to the rising age of retirement. Altmaier judge that once the French parliamentary elections completed, it will be possible for Berlin to reach a compromise with Paris to reaffirm "once and for all" that the reduction of budget deficits is the only way forward for Europe.

Berlin considers crucial to Holland to take him round the body the necessary reforms for France to regain its competitiveness. If Holland has pursued the path marked out during his campaign, Merkel intends to defuse the support he enjoys among Social Democrats and Greens, who feel worn by the victory of the French Socialists, by making them a scarecrow in Germany . She will not hesitate to denounce the "archaic recipes" of Francois Hollande accused of going into the wall, to suggest that the Social Democrats want to experience the same policy in Germany if they won the elections in September 2013. Merkel's strategy has its limits. If Holland is able to reverse the power relationship in the euro area by mobilizing against the austerity policies of German Chancellor will compromise before diving in isolation.

ALSO READ:

"Between Merkel and Holland, fundamental disagreements

"Merkel is against Holland on budget pact

"The Europeans welcomed President growth

"Germany adjusts his tandem with France

No matter which option you are considering while doing comparisons of health insurance, you will still want to know you're getting the best price possible, so the easiest way to be sure that's happening is by getting quotes from a variety of health insurance companies.

Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

Most low fee payday loans have a term of two weeks, meaning the loan needs to be repaid with your next paycheck.

 

"Be worried. Very concerned. "Economists at Swiss bank UBS have taken to prevent their customers with the approach of Greek elections this Sunday. Disappeared from the radar market since late March, Greece could indeed entering an area of ​​great political turmoil and revive the instability in the eurozone.

The polls and the election campaign hardly reassure partners of Greece. The two parties that have been in power, PASOK (Socialist) and New Democracy (center right), are plummeting. They together account for about 36% of the vote (according to the latest polls available). Faced with these parties of government, a multitude of small groups, far right as far left, who reject the austerity and international aid. Added, they ratisseraient over 50% of the vote.  

A majority of Greeks expressed a fed up austerity measures. Because of falling wages and rising taxes, the real household income fell 23% on average over the past three years. More than 60,000 companies went bankrupt in 2011. It's not over: Athens must now apply a drop in the minimum wage by 22% and continue to cut spending.

"The Greek political landscape fragmentation greatly complicate efforts to form a stable government which the country desperately needs to reform itself," Analysis Janet Henry, economist at HSBC. Under pressure from the extremists of both sides, PASOK and New Democracy promise to renegotiate the roadmap set by the International Monetary Fund and the European Union to put public finances.

Even a simple attempt to reopen negotiations would put the fire in the eurozone. All for nothing, Athens was not in a position to negotiate anything. "In fiscal policy, Greece has seen its sovereignty be reduced to a trickle: it is now under the control of Brussels and the IMF," says Thibault Mercier, economist countries of southern Europe at BNP Paribas.

More than one euro in hand

The country was shattered, no longer has a euro in cash. If international aid should be suspended, the state could no longer pay civil servants and pensioners, or meet its bills. In short, it would be bankruptcy and social chaos. This event might occur even any attempt to renegotiate Greek was muffled, warns Stephane Deo, "if, in the coming months, Greece does not fulfill its objectives."

The future government should in any event quickly find 3 billion in additional savings. Then it will develop by the end of June an austerity plan of 12 billion euros for the years 2013 and 2014. And, despite all efforts, UBS believes, "a new debt restructuring Greek seems inevitable."

ALSO READ:

"The extremes will benefit from anger Greek

"Greece: a more severe recession than expected

 

Lafourchette definitely has a big appetite. Less than a year after increasing its capital by more than three million euros, the platform announced that dinner reservations yet risen eight million euros. With this extra food, served by investment banks Serena Capital and Partech, TheFork intends to consolidate its leading position in France and Spain, to develop its recent presence in Switzerland, and taste new land. "We are studying our presence in four or five new areas in Europe and elsewhere," says Bertrand Jelensperger, co-founded with Patrick TheFork Dalsace.

Lafourchette also the challenge of moving. "We have applications on smartphones last year, they already account for 20% of reservations. We are aiming for 50% within a year and a half, "says Bertrand Jelensperger. "Often, the restaurant is consumed locally and at the last minute. With our apps, in thirty seconds, the customer is geolocated and offered him her phone table near him, "he says.

In five years of existence, the little French site has become a big internet and mobile platform that has already seized more than 8 million bookings. Each day, about 2000 TheFork concocts promotions from -20% to -50% on the bill. Every second, a table is reserved in one of 11,000 participating restaurants. In 2011, TheFork engulfed 9 million in revenue – twice more than in 2010 – and allowed restaurants subscribers generate 100 million euros of revenues.

10 to 150 employees

The company also hopes to head a new solution "Freemium" for its restaurant partners. Until then, Lafourchette.com is remunerated by a commission – two euros per person booked – and which is supported by subscription restaurants, ranging from 40 to 75 euros depending on the software (seating chart, database, etc..) is more or less sophisticated.

The new shareholders, Serena Capital and Partech, join Otium Capital, present mainly in the capital of TheFork since 2008. "When we invested in 2008, TheFork fewer than 10 employees, they are now nearly 150," commented Antoine Freysz, CEO of Capital Otium.

Sign of a healthy recovery on the Web, recently unveiled Alloresto.fr have generated a turnover of 16.3 million euros in 2011, up 43%. The site boasts 3.2 million meals delivered last year and plans to increase its workforce by 50%. A success that attracted investors: one of its shareholders, Just Eat Alloresto allowed to raise 48.5 million euros to develop its site.

 

Jean-Luc Mano hosted two presidential debates of the time he was a journalist for France 2. It is therefore natural that we went to him asked if the debate between two towers that will pit Wednesday evening at Francis Holland Nicolas Sarkozy has some similarities with an interview.  

For Jean-Luc Mano, what is now the boss and political communication, the similarities are many: attempting to respond, before we relax, we try to find the most natural attitude while staying focused, brief The presidential debate looks very much like a job interview unsecured personal loans… that the French will be the referees.

ALSO READ:

"The debate between the two towers-no impact on the result

"The debate between the two rounds, a" media influence "

SERVICE:

"Job offers in France and abroad with Cadremploi

FOLLOW THE INSTRUCTIONS ON FIGARO:

"Twitter: @ LeFigaro_Emploi