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Marine Le Pen responded first by issuing a press release immediately after the press conference of Nicolas Sarkozy and Angela Merkel. For the president of the National Front, the Franco-German summit had one objective: "to organize the sharing of the burden of debt" in deciding "how much further tens of billions of euros in France and Germany will contribute to bail out countries hit by the euro. " "It's irresponsible," she said, denouncing the "ideation" Sarkozy's "rush to the euro area as federalism." The president of FN requires a "top of the eurozone finally useful for people" to "take note of the end of the euro".

Jean-Luc Mélenchon, chairman of the Left Party, also expressed his disapproval."Instead of concrete measures to protect the people of the assault Markets, Nicolas Sarkozy and Angela Merkel persist without imagination, to comply with the requirements of finance," said the former senator.

On the contrary, Jean-Francois Cope, secretary general of the UMP, was "glad" that Sarkozy and Merkel have "reiterated the importance of adopting a" golden rule "on the whole budget Member States of the euro area ".

I-TV, Martine Aubry denounced the "smoking out of communication" by Nicolas Sarkozy on the "golden rule" that France and Germany proposed to be entered in the constitutions of 17 countries in the euro area. It is "a vague rule that does not solve anything," said the Socialist candidate in the primary by confirming that the PS did not vote when the Congress was convened."The president has made reforms that are financed and saddled deficits," said Aubry.

Unusually, the side of the Rue de Solferino issued a statement co-signed by Harlem Désir, near Martine Aubry and Michel Sapin, close to François Hollande. Together, they denounced "a summit of the powerless." "Unable to propose an ambitious joint response against speculation and recession, the Conservatives do not know French and German co-ordinate the restraint they impose on the peoples of Europe," say the two socialist, criticizing the ads "waves" on Tax on financial transactions no fax payday loans.

Asked on Europe 1 on Wednesday morning, François Hollande regretted his part that France has given up on the issue of eurobonds in the meeting between Nicolas Sarkozy and Angela Merkel on Tuesday.The member for Corrèze, Nicolas Sarkozy has given on this point against Angela Merkel, Germany is opposed to this economic instrument. "Nicolas Sarkozy has lost his hat" on this issue, he said. "We have a head, but he (Nicolas Sarkozy) has no arms."

Former Minister of Economy and Finance Laurent Fabius is "disappointed" by the end of the Franco-German summit. "The president has set on the Eurobonds. This is a major fault to be a serious consequence," the socialist RTL. "If the goal was to show that there is a pilot in the plane is missing," said he. "The French are not fools. Nicolas Sarkozy deficit record holder but he wants to impose the golden rule after 2012. It's like saying that the arsonist wanted to be fire chief." "What is lacking also in yesterday's meeting is a support for growth.We must not only manage budgets seriously, "he said.

As the president of the Radical Party, Jean-Louis Borloo, he "welcomes the Franco-German joint decision to set up as soon as possible" this tax. He saw a "critical point" in recalling that he had sent Monday to Angela Merkel an open letter calling for its introduction.

If Marielle de Sarnez, Vice President of the Democratic Movement, said that the proposals of France and Germany will "in the right direction," it remains "cautious as accumulated, over time, statements and announcements on these major issues. " She adds that "it will not solve the problems of France who value their continued economic weakness and concern. It's good on this front where the battles will engage key. "

Low cost car insurance is not only smart, it is a great money saving tool that every person needs to know how to find it and apply it to their daily lives.

For the first time, the sale of tobacco is regulated overseas. Following the enactment last Saturday of supplementary budget for 2011, only licensed dealers are now allowed to sell cigarettes in the departments of overseas.

These licenses distributed by the county councils are limited in number for the 540 Martinique, 550 for Guadeloupe, Reunion and 1070 to 300 in Guyana. This provision does not apply to Mayotte for when the tax is not yet aligned with that of other DOM.

This measure looks controversial local shops who use tobacco to attract customers concerned about the financial loss they may sustain same day payday loans. Those who will not benefit, however, the licensing of a transition period of five months.They will then be allowed to "continue the sale to individuals during the period strictly necessary for the depletion of their stock and not later than December 31, 2011," according to the legislation.

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In the wake of a decisive EU summit on the future of the euro area, the Paris market continues its march forward again on Friday, relieved by the solutions provided by the 17 member countries of the euro area to the Greek fire. A mid-term, the benchmark index in Paris frankly advance of 1.08% to 3857.94 points. Yesterday, the CAC 40 1.66% has already been awarded, going above the bar of 3800 points (3816.75 points), and welcoming the draft agreement the EU summit in Brussels which includes a longer the duration of loans in the euro area in need.The countries of the region have also yesterday on the table a new plan to help nearly 160 billion euros to save Greece and prevent contagion from the debt crisis, but at the risk of causing a default the country.

These extraordinary measures were immediately relieved markets, notably in Paris or the Paris index had won more than 9% since the beginning of July. The agreement on debt relief, Greek, amounting to 350 billion euros at present, is still today applauded by investors, as well as the involvement of private banks in the device, even if the modalities of this participation to be defined.

On other European markets, the relief is essential.In London, the FTSE-100 was up 1.10% to 5964.57 points while in Frankfurt the DAX index itself to a more timid step forward from 0.64% in 7336 , 51 points.

Japanese support

The announcement Friday by Yoshihiko Noda of possible support from Japan also supports the upward trend this morning. The Japanese Finance Minister has in fact said on Friday that his country was ready to buy more bonds from the European Financial Stability (EFSF) if necessary. Japan has invested some 2.5 billion euros in the first three issues launched by the Fund since January 2011, to help Ireland and Portugal.The minister said Japan is ready to continue "at the same rate, if it can help stabilize the economies of the European Union."

This global expansion of the Greek fire, which had once benefited the euro yesterday, has not had any lasting effect on the foreign exchange market. At mid session on European markets, the euro was worth 1.4412 dollars, against 1.4417 dollars on Thursday night. In the wake of the announcement of the plan, the euro reached a peak Thursday at 1.4443 dollar. In terms of oil, oil prices start rising, supported by a European, but also by the announcement of the International Atomic Energy Agency (IEA), which has no plans to release a reserve again strategic. In morning trading, a barrel of "light sweet crude" took 28 cents to 99.41 dollars, after crossing at the meeting yesterday the 100 dollars.That of Brent North Sea took 23 cents to 117.74 dollars.

Macroeconomic side, some important indicators are expected on Friday. Orders to industry have increased more than expected, however, in May in the euro area, show the figures by Eurostat Friday. New orders rose 3.6% from one month to another in the 17 countries using the euro and 15.5% year on year. This morning, INSEE reported a sharp deterioration in the morale of French industry in July, the index fell from 110 to 105 a month. This announcement has not scared investors, the index remains above its long-term average (100 points), in which it had sunk in 2008 with the crisis do not exceed once again that the end of 2010 . Across the Atlantic, no major indicator is expected.

As for values.

In the forefront of best performance, the banking sector is surrounded by this Friday, the day after the adoption of the European plan for Greece. Crédit Agricole (3.42% to 9.62 euros), Société Générale (2.24% to 39.08 euros) and BNP Paribas (2.43% to 50.11 euros) in net rise. Axa (1.56% to 14.64 euros) and Natixis (1.60% to 3.41 euros) are also well oriented. 40 CAC Hors, Dexia wins 4.71%, to 2.15 euros.

The rating agency Standard and Poor's raised the rating a notch French TV group TF1 (0.99% to 12.80 euros), to BBB +, saying that despite the increase in sales shy , cost savings were being lead to greater profitability.

Accor (3.71% to 31.76 euros). The hotel group confirmed to be entered into exclusive negotiations with the catering giant Sodexo to give him the caterer Lenôtre.An enterprise value of € 75 million was used for the project.

Lafarge (2.11% to 40.58 euros). The French cement plaster will sell its operations in Australia in the group of German Knauf construction materials for 120 million euros. The operation, which will reduce its debt, expected to close before the end of the third quarter of 2011.

Sequana (-1.62% to 9.60 euros). The group announced half-year net income almost sixfold, to 35 million euros, against 6 million a year ago, and a turnover of 2 billion euros (+1.3% yoy pro forma), supported by higher selling prices last year. However, management has lowered its target EBITDA of "higher" to "close" to that of 2010.

Groupe Eurotunnel (-0.42% to 7.60 euros).The group has published interim accounts showing a net profit of 2 million euros over the first six months of the year against a loss a year earlier. Turnover increased 22% to 396 million euros. Management expects for 2011 an increase in EBITDA.

Air France-KLM (2.84% to 9.92 euros). The order of a hundred long-haul being prepared by the Franco-Dutch company will be shared equally between Airbus (EADS) and Boeing, La Tribune reported Friday. According to the newspaper, the board of directors of the Franco-Dutch company will review the draft July 27, before an announcement expected in September.

Schneider Electric (2.22% to 108.30 euros) announced a partnership with NVC Lighting, a small Chinese company which will take 9.2% of the capital, to strengthen in the Chinese cities of small size.Specialist solutions energy management also announced two acquisitions: that of certain assets in China Chongqing Enlin Electric, and of the Brazilian Steck, specializing in low voltage products.

France Telecom (1.40% to 14.47 euros). Orange has signed Thursday with Free (Iliad: + 1.46%, to 91.45 euros) an agreement to co-finance the fiber-optic networks to the Internet at very high speed, in about sixty cities located in sparsely populated areas and announced in active discussions with other operators.

Pierre & Vacances (stable at 58 euros). The group announced that its summer bookings for the quarter were ahead of last year on all its destinations, including the sea in France.

Bongrain (1.29%, to 65 euros).The food group has reported an increase of 13.2% of its turnover in the first half, but warned that the sharp rise of raw materials created tensions on consumption and margins.

Somfy (-0.01 to 207.98 euros). The roller shutters specialist reported Thursday a turnover up 13.9% to 501.2 million in the first half, up 8.7% on a comparable basis. The strong demand in Germany and France ontéclipsé Asia the impact of the disaster in Japan, Europe and North and South that of British and Greek economic difficulties.

Vivalis (4.50% to 7.89 euros). The biopharmaceutical company, announced in the first half, a product of the ordinary activities of € 4.7 million, up 165%, and consolidated cash of 36.0 million at June 30, 2011.

The Parliament finally approved the bill Wednesday Fourcade whose content had been aligned the day before. The text, originally filed on … October 26, retouching Bachelot law on hospital and health system (Law HPST) with a goal for the majority: to reconcile with the doctors.

It erases two measures passed two years ago and never used: the requirement for general dense areas to give a hand to their fellow country or suburban overworked, under penalty of a fine of 3000 euros per year, and the obligation to report their leave. There were two innovations in the fight against medical deserts. But Xavier Bertrand, the successor to the Health Roselyne Bachelot, has returned to the guideline that was set when he was … his predecessor: to encourage, yes, force, no.Besides these two points, the law includes various provisions, some of which have been amended, deleted and / or re-introduced.

• Transparency partial dentures

Dentists showing the origin of crowns or bridges they intend to ask the patient to know if the prosthesis was manufactured in Europe or China. Dentists will also include an estimate of the cost benefit and the sale price of the prosthesis. He freely establish this distinction: for a total of 1000 euros, it may feel that the prosthesis is 300 euros and 700 work, or that the prosthesis is 600 and delivery 400.

Associations rather wanted to be referred to the purchase price of the prosthesis.But the dentists, who are struggling to explain their expertise and time weigh more in price than the prosthesis, and they do not just do the "somersault" on a purchase-resale, managed to avoid it.

• Mutual: care networks "open"

Mutuals were given the opportunity, already available to insurers, to better pay their members when they are aimed at professionals with whom they have contracted. Except that these care networks should be "open" all the professionals can then join.This will not change much for the professions to insufficient numbers: what a mutual interest to "deprive" doctors scarce? But in the expanding fields, practice selection is a way to bring prices down.

• Liability specialties "at risk"

A public fund is created to cover all private health professionals sentenced to damages exceeding the ceiling of their insurance should be fixed statutorily around 8 million euros. Those who have gone out of business and are not insured are also covered. Are concerned primarily surgeons, anesthesiologists and obstetricians but all professionals (doctors, physiotherapists, nurses, podiatrists …) that will have everyone contribute.

Just arrived in the summer, here are the summer sales. From Wednesday, the clothing retailers will offer discounts of 30 to 50% of their collections. This is for them to attract consumers who shun fashion for nearly two years. If an improvement was seen in the spring, it could be threatened by an inevitable increase in prices of clothing, the impact of rising costs of raw materials, labor and transportation.

"We are all faced with rising production costs that we have at least partly reflected in our prices, and this will be even bigger in the fall and winter," says Antoine Brieu, director of C & A France. Its sign, high image discount, is not doing too badly at the moment, because in inflationary times, consumers fall back on cheap brands.C & A has found "a significant increase in its turnover and sales volumes" in March, April and May

"Buy smart"

In general, the industry experienced a beautiful spring, after a bad first quarter. Sales in April and May were supported by good weather, before a lull since early June due to weather and to wait before a traditional balances. "We have no signs of a recovery in the consumption of textiles in France, contrary to what one can see in some countries of northern Europe, says Gildas Minvielle, head of the center of economic French Institute of fashion. And in times of crisis, it is difficult to raise prices too much.The increases will be applied in a differentiated way for this to be as painless as possible. "

Aware of the issue, the French will then engage in a hunt for "buying smart", as they have done since the beginning of the economic downturn. This time, the scope is relatively narrow. As traders have sold quite well in early spring, the stocks available for sales are less important than the past seasons.

Distinguish the goods to the risk of missing

In addition, professionals, stung by the decline in demand were far more modest in their orders. "Companies have become very conservative for two years.They would rather miss sales than remain with unsold inventory, "said Jean-Marc Genis, president of the National Federation of brands of clothing.

If, as always, a rush is expected at the start of the period, the effect balances the risk of falling fast enough. "We usually sell 50% of our total sales the first week and then is divided by two every week," said Antoine Brieu C & A.

So, after two to three weeks, the goods to stand out may be missed. This will allow retailers to quickly implement the fall-winter season.With price increases all the more important that the parts are more "heavy" coat material includes more than a T-shirt.

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The vote was taken freehand. The National Assembly on Friday passed the relief measures of the solidarity tax on wealth (ISF) contained in Section 1 of the supplementary budget (supplementary budget Ed.) 2011qui door for the tax reform Heritage .

Threshold at 1.3 million euros

This article provides for the abolition of the first tax bracket to the ISF by raising the entry threshold of 800,000 to 1.3 million euros of assets. This measure should allow taxpayers to exempt 300,000, which corresponds, according to the government, owners of a principal residence whose value has soared because of the explosion in property prices in recent years.

Two rates of 0.25% and 0.5%

Section 1 provides further reduce the progressivity of the ISF. The schedule now has six units which techniques are applied six rates ranging from 0.55% to 1.80%.If the text is finally adopted by the Assembly and the Senate, it restr only two tax brackets: 0.25% for those whose assets do not exceed 3 million euros and 0.5% where the estate is greater.

This Friday, the resumption of debate, an amendment allowing a small reduction in ISF extra part dependent children has been strongly denounced by the left. In detail, the amendment of the rapporteur Gilles Carrez UMP plans to "increase the amount of reduction for each dependent from 150 euros to 300 euros, including adult children who are studying business card. "Interesting," said Budget Minister Francois Baroin, who relied on the "wisdom" of the Assembly. "You have no shame.It's outrageous, "launched the PS deputy Christian Eckert, denouncing" 150 euros reduction for people whose assets exceed $ 1.5 million, even though the school year allowance is granted conditionally for income below 23,000 Euros.

On June 14 the Senate

The reduction of the ISF is the corollary of the abolition of the tax shield, a key measure of quinquénat adopted in 2007 which provided for the tax cap to 50% of revenues.The fate of the latter, under section 13 of the supplementary budget will be sealed within hours or days ahead, examining the text to run until Tuesday, June 14, the date set for the formal vote and Transmission of the Senate.

(With agencies)

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One year after the worst oil spill in the history of the United States, the U.S. Coast Guard denounced the mismanagement of the Deepwater Horizon platform by its owner, Transocean Swiss. In a report of 288 pages, they are pointing the finger "serious gaps in security." Critical parts of the head of the oil wells were not replaced. The electrical system was poorly maintained. And teams on the platform were poorly trained in safety drills.

The report highlights especially the captain of the platform would not have known he had the right to decide to stop the flow of flammable gases. He would have lost precious minutes trying to get permission from his superiors superfluous. When the alarm sounded, the employee service does not know it was for her to initiate the system shutdown.Yet it would have prevented the explosion, according to U.S. Coast Guard.

Transocean defended himself by arguing that the evidence held by the coast guards themselves were against the same conclusions of the report, reports Bloomberg. "They controlled the platform Deepwater Horizon only seven months before the disaster and have certified that the site met all the requirements of U.S. law and international safety regulations," said a spokeswoman in an email to the agency financial reporting.

The report of the Coast Guard comes amid intensifying legal battle between Transocean, owner of the platform Deepwater Horizon and the British oil company BP, which operated. The latter accuses the first of negligence and asks for damages for the harm suffered.The group felt that disaster has so far cost $ 17.7 billion.

Transocean filed a complaint against BP in return Thursday. The contract between the two groups, said the Swiss company, stipulated that BP was, among other things, "take full responsibility, but also defend and indemnify Transocean for any loss, expense, claims, fines, penalties for pollution or contamination (…) related to operations under the contract. "

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The Paris Bourse continued to rise Wednesday. The CAC 40, which arrived Tuesday night to close just above the 3900 points has exceeded this time the threshold of 4000 points to 4004.62 points for a gain of 2.46%. Investors put aside fears about debt to focus on strong corporate earnings.

Side currency, the euro resumed height and climbs above 1.44 dollars on Wednesday enjoying renewed interest from investors for the risk. Around 11:20 in Paris, the euro stood at 1.4477 dollars against 1.4334 dollars late Tuesday. The European currency enjoys a renewed interest from investors for risk.The euro was also buoyed by the success of a bond issue for Greece, which borrowed 1.625 billion euros Tuesday to three months, during a broadcast more than three times oversubscribed.

Oil continues its launch, after rebounding yesterday in New York, supported by a sharp weakening of the dollar. The market remains concerned that high prices could weigh on demand and tensions in the Arab world. earns $ 1.22 a barrel to 109.50 dollars, in a context conducive to higher commodity prices in financial markets with a marked weakening dollar and rising stock market.The gold, it reached a record high on Wednesday morning, climbing beyond $ 1500, supported by persistent concerns about the global economy.

Japan trade surplus sealed

In France, industrial orders rose 2.4% in February after a sharp fall in January (-6.1%), the export orders is also rising (+3.5%) according to figures from INSEE.Within the EU, the European Commission on Wednesday urged an increase of 4.9% of spending in the 2012 budget of the European Union, an extension of 6.2 billion compared to 2011, already deemed "unacceptable "by the United Kingdom at the time of austerity across Europe.

Japan's trade surplus plunged 78.9% in March over one year to 196.5 billion yen (1.7 billion euros), weighed by the consequences of the earthquake and tsunami of 11 March.

PSA Peugeot, Bic and publish their figures Mersen

PSA Peugeot Citroen (4.71% to 28.45 euros) posted a turnover up 10.2% in the first quarter.The automaker on Wednesday confirmed its forecast of operating results for 2011, despite a likely impact of 150 million euros from the earthquake in Japan.

Bic (6.78% to 64.30 euros largest increase SBF), which has published a net increase of 52.3% due to consumer product, and despite the cons-performance products and promotional advertising. The group says 2011 could be the result affected by the cost of raw materials.

L'Oreal (3.12% to 85.80 euros) announced a net revenue growth in the first quarter, buoyed by an acceleration in North America which helped offset sluggish sales in Western Europe.Note also that Liliane Bettencourt, heir to L'Oreal and second richest woman in the world according to Forbes, the property was recovered from the island of Arros and reflects a way of showing the public its fabulous collections of paintings, furniture and jewelry, can be read in Le Figaro payday loans.

Also note the titles STMicroelectronics (6.11% to 8.38 euros) and Alcatel-Lucent (5.15% to 4.16 euros) leapt at the Paris Bourse, driven by quarterly results from Intel and IBM U.S. that exceeded market expectations.

NicOx freefall

Saft (3.97% to 30.88 euros) announced that its joint venture with U.S. firm Johnson Controls has been selected to supply the battery system powering the electric motors of future Chinese carmaker Beijing Electric Vehicle Company (BAIC group ).

NicOx (-17.66% to 1.88 euros) announced Wednesday its decision to withdraw the application file for permission to market its anti-inflammatory Naproxcinod in Europe.

GDF Suez (2.28% to 27.08 euros) states his displeasure when the government has formalized Tuesday in tariff of electricity from nuclear power for EDF's competitors. This decision precipitated also the question of a reconciliation for Poweo, reads in Les Echos.A reconciliation with Direct Energy would make sense, "says Loïc Capéran which the group hoped a wholesale price of electricity sold by nuclear EDF at 35 euros per MWh.

Credit Agricole (2.58% to 10.93 euros) reaffirmed that successfully pass the new tests of resistance and meets the criteria of Basel III solvency without resorting to a capital increase.

The French group Technip Petroleum Engineering (2.76% to 75.32 euros) announced Wednesday it had won, in consortium with Tome Engenharia, a contract to supply equipment and monitoring of their operation in a refinery group Brazilian Petrobras.The contract amount was not disclosed in the statement.

NYSE Euronext (1.73% to 27.42 euros): Nasdaq OMX Group and Intercontinental Exchange (ICE) have sought to open negotiations on a buyout of NYSE Euronext's offering of $ 350 million in case rejection of their offer by the authorities.

Spir Communication (1.29% to 41 euros) has confirmed a target EBIT profit in 2011 after signing up 3.5% of its turnover in the first quarter thanks to its Internet operations.

Transgene (-0.88% to 12.59 euros) has issued operating income of 3.56 million euros, against 3.48 million a year earlier, thanks to increased research grants. In late March, the biopharmaceutical company had cash of 169.8 million, against 180.3 million in late 2010.Its cash expenditures amounted to 10.6 million in the first quarter.

Tonight, after market, expected sales of Accor, Schneider Electric, and APRR HighCo.

Where are the Libyan petrodollars? The financial sleuths American, British or French, are trying to trace more than a month. According to statistics buried at the site of the Banque de France (BDF), banks and financial institutions owned Libyan 8.233 billion dollars (5.84 billion euros) in deposits and loans from French banks to September 31 2010. The latter also held $ 298 million (210.7 million euros) placed by customers Libyan individuals, according to the BoF.

Since this is anonymous data sent by the French banks to BoF, it is impossible to know which part of the state 8.233 billion is controlled directly or indirectly by the Gaddafi regime.Two local financial institutions, the Central Bank of Libya and the national sovereign wealth fund, the Libyan Investment Authority (LIA) are under fire from international sanctions cash advance today. The European Union froze their assets during February. These could they be included in the figures of the Bank of France?

If the Central Bank of Libya has made investments in France, they should be included in this envelope, Olena Havrylchyk advance, a specialist in international banking, Cepii economy. But it is difficult to determine if other money LIA therein. The sovereign fund is certainly not a bank per se, but its links with the central bank are very close.

The Central Directorate of Internal Intelligence (DCRI) said this morning that they found "no evidence of espionage" at Renault. Main elements of the investigation, "Swiss bank accounts" charged executives laid off have not been found by investigators. A source close to the investigation even mentions the possibility that Renault has received erroneous information. The account numbers provided in the private investigation were in fact erroneous. Similarly, the survey conducted by the Liechtenstein authorities on suspected accounts under the Renault affair did not work.

The argument weakens espionage. Yesterday, the manufacturer argued the trail of a "manipulation" before his lawyer back on these statements. But on Europe 1 this morning, Mr. John Reinhart said he was inconsistent "absolutely the word manipulation.We are not in that context, for the moment we have no information that contributes in one way or another to say that the original theory, that is to say espionage does not exist ", he argued.

However, this term manipulation was mentioned by the CEO of Renault itself. Patrick Pelata, had indicated during an interview Monday that Renault Matignon "considering now have been a victim of manipulation," says Liberation. Shortly after a spokesman stated that "if we (Renault, Ed) has been the victim of anything other than an attempted espionage, it may actually be a manipulation."

Renault evokes a "settling of accounts in-house"

The manufacturer suggests a settling of accounts internally.Libérationaffirme that Renault suspects that two of the three executives would not have accounts abroad and have been victims of an internal settling of accounts ". Redundant frames are suspected of having received bribes, kickbacks through bank accounts in Switzerland or Liechtenstein. The Chained Duck however recently revealed that two of the three executives have never had accounts in Switzerland. In contrast, "the manufacturer continues to the third suspect, probably Michel Balthazar, a member of the steering committee," according to Liberation free business cards.

The chairman of the Senate Finance Committee, Jean-Arthuis (UC), said on Canal + that "this case has taken on a mad and I am surprised that we have been able to bring such charges on allegations that apparently no 'had no basis.(…) These species settling of accounts within the company are also detrimental to (its) image, "he added.

Anyway, this episode could reinforce the defenders of the three top executives dismissed 2011A following an internal investigation following the sending of anonymous letters. Especially as the manufacturer would not be celebrating its first case of this type.

Renault had a similar case

Concordant sources, seized by the Paris prosecutor, investigators of the Central Intelligence Allowed (DCRI) will hear on Thursday a former executive of the group graduated in 2009 in similar conditions, Philippe Clogenson. The former marketing director said in the columns of Le Parisien, Aujourd'hui en France he was accused of "touching, through front companies, money paid on offshore accounts from suppliers of Renault.He believes he was unfairly accused of corruption.

"I was also told that there was evidence that the formal charges had been substantiated by the management group's safety," he said. Philippe Clogenson decided, like the three executives recently laid off, file a complaint for "malicious prosecution". Remains to be seen whether the testimony of Philip Clogenson allow the cons-French espionage to advance the investigation.

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