All World

Gold and oil unscrew

On Thursday, black oil

Last week was full of emotion on the oil markets. Until Wednesday, investors were rather good mood. The courses were on the upside with a barrel of "light sweet crude" from 93.26 dollars to 95.41 dollars in three days. Even moving to London Brent crude rose from 111.57 to 113.51 dollars over the period. The markets were so carried away by the renewed optimism in financial markets about the prospects of Greece avoid default. Moreover, the price rises as a result of lower stocks of crude and gasoline in the United States and following the Fed's decision to keep interest rates low.

Then, everything changed Thursday. That day, the IEA countries are brokers by surprise by announcing their intention to use their reserve stocks to put 60 million barrels on the market.This decision, which will lead to a sharp increase in supply leads to a sharp fall in markets: the barrel of "light sweet crude" for delivery in August finished Thursday at 91.02 dollars black while in London on IntercontinentalExchange, the price of Brent North Sea due to the same tumbled 108.02 dollars. Always concerned about this decision, the markets have been volatile Friday session one, barely worn by positive economic indicators in the United States. A barrel of "light sweet crude" for August delivery ended the week at 91.16 dollars and Brent at 105.52 dollars.

In New York, the courts show a fall of 8% over the last two weeks, and even about 20% from their peaks in early May.

Gold through turbulence

Such as oil, gold was a very quiet start of the week.The yellow metal, a safe haven par excellence, was then boosted by lingering fears surrounding the budget crisis in Greece and the risks of contagion to other countries in the euro area. Wednesday, the day after the vote of confidence from Parliament to the government, even an ounce rose to 1558.25 dollars, not far from its high of 1577.57 dollars.

Then on Thursday, the shock wave that hit the oil markets hit gold. It continued until Friday. On these two days, the precious metal lost nearly 50 dollars, falling Friday to 1504.85 dollars, its lowest level in a month. The nervousness of investors in commodities gained the metal shelter. She was more accentuated by a sharp rise in the dollar against the euro adversely affected by the crisis in Greece.On the London Bullion Market, an ounce of gold finished Friday at 1514.75 dollars at auction in the afternoon.

In the wake of the gold, silver, rose significantly until Wednesday, before dropping more than 6% the next two days. The gray metal finished Friday at 34.73 dollars per ounce. Pulled down by the plunge in gold and the rising dollar, an ounce of platinum finished Friday at 1696 against $ 1829 dollars a week earlier, while an ounce of palladium ended at 739 dollars against 810 dollars in September days earlier.

Base metals with no direction

As for base metals, it was time for hesitation. Nickel (22,130 dollars per tonne), lead (in 2564 dollars) and zinc (in 2251 dollars) are the only ones to show increases.For others, the context was too heavy with the uncertain outcome of the case of Greece and the signs of slowdown in the U.S. and China which was happening at a push of the dollar. All these elements made the metal less attractive to investors very suspicious vis-à-vis the commodity markets since the fall of oil prices.

The copper market barometer, was not supported by the latest report of the International Group for the Study of copper (ICSG), which indicates a production surplus of 18,000 tonnes in March. On the LME, the tonne of copper for delivery in three months ended down at 9,044.50 dollars on Friday.

Wheat, corn and soybeans down

The prices of food have not been affected last week by the Action Plan of the G20 countries to fight against the volatility of agricultural products.In Chicago, the investors had more eyes turned to the U.S. Department of Agriculture (USDA), which is published this week reports on acreage and stocks by. Meanwhile, warmer weather since early June fueling a decline in prices. Bushel of corn (about 25 kg) for September delivery ended Friday at 6.55 dollars (4.6% on the week), the soybean contract for November delivery rose to 13.10 dollars ( -1.7%) and a bushel of wheat due in September ended at 6.61 dollars (6.6%).

Note that in London, cocoa prices were supported by the "swollen shoot", a viral disease that threatens the harvest cocoa in Ivory Coast, according to observers. However, prices have limited their gains over the weekend, affected by a rise in the dollar.On Liffe in London, a tonne of cocoa for September delivery was worth 1867 dollars and on the NYBOT-ICE U.S., the contract for the same term finished in 2967 dollars.

BlackBerry breaks teeth on the shelves

There is no cause for celebration. After having downgraded its forecasts for its first quarter, Research In Motion (RIM), the Canadian manufacturer of BlackBerry, is predicting a difficult year 2012 (year ended March 31). Thursday evening after the close of trading, the group reported poor results for its first quarter, significantly down compared to previous quarter performance. At three months, sales of BlackBerry fell 11% to 13.2 million units. Consequently, the turnover will decline from 12% to $ 4.9 billion and profit down 10% to 695 million.

Layoffs

"The slowdown we saw in the first quarter continued in the second and delays in new product launches in late August lead to lower than expected forecast for the second quarter," said Jim Balsillie, co-president of RIM .He also announced a restructuring plan that will lead to a downsizing of the company to "avoid duplication." Without giving more details on its size payday loans. The group currently has approximately 12,000 employees worldwide.

The words of Jim Balsillie on the Group's financial strength has not reassured the markets. Nor does the sales duPlayBook, the tablet group, including 500,000 copies were sold in six weeks. This figure is almost too good to be true. It fits perfectly with the objectives the group, but failed to mention that it comes on the market one year after the outbreak of hostilities initiated by the iPad.Moreover, sales of PlayBook are well below those from Apple, which sold nearly 2 million iPad in two months.

Consequence of the performance against the first quarter and the bleak outlook for the future, during the informal session transaction after the market closes, the title has sold more than 15% yesterday in New York.

ALSO READ:

"BUZZ MEDIA – BlackBerry launches its Tablet PlayBook in France

The Paris Bourse uptick

Keep the 4000 points will be the goal of the day at the Paris Bourse. This threshold was consolidated yesterday with an increase of 1.63%, amid relief on the Greek case. Germany indeed abandon the idea of ​​restructuring the debt. Information that was also relieved Wall Street and Asian markets yesterday.

On Wednesday, the CAC 40 is moving slowly from 0.14% to 4014.84 points. Elsewhere, the London Stock Exchange opened down slightly, the FTSE-100 index lost just 0.05% to 5986.93 points. Frankfurt, by contrast, began with a gain of 0.23% to 7310.56 points.

Already in Asia, the euphoria gave way to doubts after the announcement of a further slowdown in manufacturing activity in China. PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell to 52 last month, cons 52.9 in April.For its part, HSBC has calculated a PMI to 51.6 for May, against 51.8 in April, and noted "a continued moderate growth in manufacturing output accompanied by an easing of inflationary pressures" on last month.

The U.S. employment program

These new investors also encourage Parisians to moderation. Especially since a series of important indicators is expected:

In France, the unemployment rate fell slightly in the first quarter of 2011, to 9.2% of the workforce in France (9.7% overseas departments included), down 0.1 points compared revised figure for the fourth quarter of 2010, INSEE announced Wednesday.

In Europe is provided the manufacturing PMI in May.Then the United States, employment will be honored with the study Challenger (1330) and the monthly ADP (1430), both published before the traditional employment report from the Labor Department, scheduled for Friday . Are also scheduled in the U.S., construction spending and ISM manufacturing.

As for currencies, the euro remains stable against the dollar in morning trading at 1.4427 dollar. For its part, the oil rises, still worn by the announcement on Greece.In morning trading, a barrel of light sweet crude for July delivery took 30 cents to U.S. $ 103 while that of Brent North Sea crude for delivery gained 31 cents identical to 117.04 dollars.

Operators under supervision

As for values ​​to be followed:

Axa: 2.02% to 15.14 euros

The group, which has detailed a plan Wednesday to strategic investors, will sell its Canadian subsidiary to Intact Financial.

Peugeot: -0.37% to 29.30 euros, Renault: -0.15% to 39.36 euros

Registrations of new cars rose 6.2% in May

Schneider Electric: 0.22% to 114.85 euros

The group announced Wednesday a takeover bid of $ 2 billion (1.4 billion euros) to Telvent, a specialist in systems for managing energy infrastructure, water and transport.

France Telecom: -0.57% to 15.81 euros, Bouygues: -0.11% to 32.06 euros, Vivendi +0.15% at 19.42 euros

The mobile phone may be carcinogenic but no formal proof establishes the link between mobile use and brain tumors, cancer specialists have said Tuesday the World Health Organization (WHO).

Arkema: -0.35% to 75.90 euros

The group will enter the CAC Next 20, the antechamber of the CAC 40, and CNP Assurances will be withdrawn with effect from 20 June, the Council decided on scientific evidence of NYSE Euronext Paris. In a statement, Arkema said that NYSE Euronext enters the CAC 60 and the Large NOC is withdrawn.The reverse operation is performed for the CAC Mid 60.

Neopost: -1.16% to 61.50 euros

The group announced an increase in its turnover in the first quarter despite difficult conditions in Europe and confirmed its targets for 2011.

Theolia: 8.40% to 1.42 euros

The group announced Wednesday it had signed an MoU with the National Electricity Morocco (ONE) to develop and implement an entire fleet of 300 megawatts (MW) in Tetouan near Tangier.

Lagardère: 0.51% to 28.52 euros

The group has completed the bulk of the sale of its international magazine to Hearst, which should have a negative impact of EUR 35 million on operating profit of Lagardere Media for 2011.These disposals will impact is the objective announced in March a growth of around 10% of its 2011 operating profit at constant exchange media, which included the magazine internationally.

Neopost: -1.17% to 61.49 euros

The group announced an increase in its turnover in the first quarter despite difficult conditions in Europe and confirmed its targets for 2011.

Belvedere: -1.39% to 61.50 euros

The CEO challenge the fines against him required by the representative of the college's Financial Markets Authority (AMF).

Bourbon and Atos Origin today hold their general meetings.

Gap suffered rising cotton prices

For Gap, the trading session which opens at the New York Stock Exchange will be very difficult. The clothing giant tumbles 17% in opening bell on Wall Street Friday. Gap said Thursday after the close that its annual results would be "significantly" worse than expected with a first quarter reported net income 23% lower than a year ago (233 million U.S. dollars) particularly impacted by the disaster on March 11 in Japan, the year already seems wrong party.

For the remainder of the year, Gap's performance will mainly be sealed by far outweigh the cost estimates on which was based management. "The group now expects that production costs per unit are 20% more expensive than anticipated in the second half of this year," said Glenn Murphy, the owner of Gap, in a statement.And even the price increases passed on its products will not help. Thus the net profit per share forecast for 2011 is now between 1.40 and 1.50 dollars, 1.88 to 1.93 against dollar before.

The cost increase is attributable to that in cotton. Pound of cotton surpassed the dollar in September (+65% in total over the year 2010) and continues its surge in currently trading at $ 1.60, amid global demand is not falling face a production which has been beset by bad weather.

The profit warning, issued by one of the largest textile groups in the world should thrill the sector as a whole. Especially as other major brands like H & M, struggling not to pass on these higher charges on their prices.The impact could be even heavier.

Change of course at the Gap

In early May, the art, warmth director Patrick Robinson, 42, joined Gap. Whoever was working since May 2007 to provide the Californian label image sharper mode has been replaced by Jennifer Giangualano, senior vice president of design and infant child, who resumed the post in the interim. Or comparable to the "fast fashion" or the lucrative "second line", the world of jeans and, overall, the casualwear is in perpetual motion.

The arrival of Abercrombie & Fitch on the Champs Elysees yesterday in the form Theyskens Theory as the media and commercial success of the Japanese behemoth Uniqlo but also more trendy labels like J Brand or Acne … forced to revise its Gap Design course but especially its strategy and positioning.

ALSO READ:

"Euphoria on the forehead of raw materials

"The fabric maintains its prices at any cost

Brazil Embraer sells 35 in China

These are two engines of global growth are meeting this week in China. The president of Brazil Dilma Rousseff meeting today with his Chinese counterpart Hu Jintao in Beijing.

Hours before the arrival of the Brazilian president, business partnerships already announced. Chinese airlines have ordered 35 aircraft and Embraer E190. This order is valued at 1.4 billion dollars, since each device costs $ 40 million at list prices. Of the total number of aircraft ordered, twenty are for China Southern Airlines and fifteen join Hebei, a small regional airline.

The contract was signed by Ministers of Industry of both countries during the visit of Dilma Rousseff. China has also expressed its intention to invest ten billion dollars in soybean production in Brazil.Beijing is the largest importer in the world.

Out a role of mere suppliers

In post for just over three months, Dilma Rousseff hopes to strengthen trade ties between the two emerging powers guaranteed payday loans. Brazilia seeks out a relationship of mere supplier of raw materials for Beijing, while "Made in China" products flooding the Brazilian market.According to the China Business News, the Brazilian head of state has already expressed its intention to propel Brazil to the rank of major trading partner of China.

During his five-day visit, Dilma Rousseff must also attend a summit BRICS (Brazil, Russia, India, China and South Africa) to be held in the south on the island of Hainan.

Moreover, the "BRIC", the four large countries 'emerging' economic boom: Brazil, Russia, India and China are expected to occur this weekend, April 14, to développerleurs trade.

ALSO READ:

"G20: Sarkozy woos China

Debt: Europe adopts an anti-crisis

Portugal is in deepening crisis. A few hours apart, rating agencies Fitch and Standard & Poor's (S & P) lowered the rating of the sovereign debt of Portugal two notches because of "heightened political uncertainty" following the resignation of Prime Minister Jose Socrates. S & P added that it could cut another notch note of Portugal, according to the result of discussions between EU leaders, meeting Thursday and Friday summit in Brussels.

Thus, Europe has the means to fly to the rescue of Lisbon. Leaders Unuion (EU) have in effect endorsed on the night of Thursday to Friday a comprehensive system of protection against debt crises. After several months of negotiations, "the various elements of the project came together today," said EU president, Herman Van Rompuy.As expected, the actual capacity of the Fund's lending support to countries in the Eurozone in trouble is brought from 250 to 440 billion euros. States had already agreed on the creation of a permanent fund with a lending capacity of 500 billion euros. To achieve this, it is expected that the euro zone countries pay from mid-2013 some 80 billion euro capital injection.

Merkel gets concessions

Also, German Chancellor Angela Merkel has made Thursday night in Brussels spreading in time of national contributions of 22 billion euros in total, for the year 2013 will be her year of election and intends to relieve public finances. States pay their dues in five equal installments beginning in 2013. The remaining resources of the Facility will consist of guarantees and capital said to be eligible.Also new: the Relief Fund will directly purchase government debt states in difficulty, in exchange for a strict savings. The support mechanism is a priority for the countries of the monetary union. But it is also open to EU countries not members of the area euro.A this stage, only five of them accepted the invitation: Denmark, Romania, Latvia, Bulgaria, Lithuania and Romania.

Twenty-seven and are particularly supportive screw via Lisbon "Portugal will not be left alone by other Europeans," said Jean-Claude Juncker, a leading finance ministers of the euro area. If Lisbon on request, with 75 billion euros could be assigned. For comparison, Greece had received a loan of 110 billion and Ireland to 85 billion euros.But for now, Portugal, deprived of government, is unable to seek help from Europe.

ALSO READ:

"Euro area: 700 billion for the permanent aid fund

"Euro area: Madrid hopes to escape the contagion

"Europe is pushing for the rescue of Portugal

AT & T buys T-Mobile USA for $ 39 billion

Redemption spectacular in the United States: the incumbent telecommunications operator AT & T has formalized an agreement Sunday with the German Deutsche Telekom to buy back its mobile phone subsidiary T-Mobile USA, the fourth player in the U.S. market. Amount of transaction: $ 39 billion (27.5 billion euros).

The transaction involves two components. On the one hand, AT & T will pay $ 25 billion in cash to the operator Deutsche Telekom. The other, the German group will take nearly 8% of its U.S. partner, and get a seat on the board.

Until now, T-Mobile USA accounted for nearly a quarter of the activity of Deutsche Telekom. But the subsidiary, less and less profitable, had become a source of concern.

For its part, thanks to the purchase of T-Mobile USA, AT & T should regain its leading position in mobile telephony in the United States, with more than 33 million customers. A chair that he had abandoned in 2009 in favor of Verizon.

The Cac 40 wins, Japan out of control

Markets are extremely fragile. The Cac 40, which attempted to regain the path to higher opening on Wednesday (0.53% to 3800.83 points) quickly changed his tune. While at midterm the CAC 40 fell by 0.72% to 3753.56 points, the index closed sharply down from 2.23% to 3696.56 points.

Other European markets are also struggling: the Dax in Frankfurt Stock Exchange which had opened higher yields of 0.73% 2.01% to 6513.84 points and the London Stock Exchange which started on a slight gain 0.10% declined from 1.70% to 5598.23 points.

The Cac 40 was unscrewed when the EU Energy Commissioner found that the situation in Japan "out of control." "I do not rule out the worst in the hours and days to come," he said Tuesday.In addition, the Environment Minister Nathalie Kosciusko-Morizet dreaded "nuclear catastrophe from the central Fukushima" in arriving Wednesday afternoon at the hearing of the nuclear industry in the National Assembly. The trust is indeed far from being restored while the nuclear situation in Japan remains very critical.

The operators first tried to follow the positive momentum from Asia this morning, which allowed the Japanese Nikkei to close on a technical leap of 5.68%. Intensive hunting for bargains in the indices increased in a climate a bit calmer after further intervention by the Bank of Japan (BoJ). This has injected 3.5 trillion yen Wednesday (31 billion euros) in the money market, bringing to 26,500 billion yen (234 billion) the total sum provided by the BoJ to the interbank market since Monday.But the trend remains fragile in the wake of widespread declines sessions to all European markets, and to a lesser extent, the U.S. exchanges.

New flurry of indicators in the program

Markets should also keep an eye on indicators of the day, again numerous. In Europe, registrations of new cars rose 0.9% yoy in February, the first bounce after ten consecutive months of declines, according to figures released Wednesday by the European Automobile Manufacturers Association (Acea).

Inflation in the euro area rose to 2.4% in February over a year, Eurostat said Wednesday. It was 2.3% year on year in January from 2.2% in December and 1.9% in November. Rising prices rose 0.4% in February compared to January.

United States, the Labor Department will publish the price index for production at 13.30.At the same time will the housing starts and the balance of current accounts. Finally, at 15:30 will be published weekly petroleum stocks.

On the currency markets, the euro has stabilized at 1.3977 dollar.

Values ​​to follow

As for values, securities directly or indirectly exposed to catastrophe Japanese started to fall again after regaining some colors in early trading. LVMH fell by 3.31% to 100.80 euros and Hermes of 1.13% to 144.05 euros.Only the investment certificate Areva bounced 2.07% to 29.40 euros after its tumble over the last three sessions.

EDF: -3.13% to 27.66 euros

The electrician French and Italian A2a confirmed Tuesday the six-month extension of their shareholder pact in Edison to take the time to reach agreement on the restructuring of their partnership.

In addition, the group is preparing to send "teams" and "equipment" in Japan to help the company Tokyo Electric Power (TEPCO), which operates the nuclear plant in Fukushima, cope with the consequences of the tsunami, said Wednesday the company's CEO, Henri Proglio on RTL.

L'Oreal: -2.39% to 76.84 euros

The president of Yves Saint Laurent Beauté, a subsidiary of LVMH, told Reuters that his company intends to almost double its turnover in five years to reach the one billion euros, thanks to the lever Asian and climb well the club of top five global brands of cosmetics.

Alstom: -1.31% to 37.31 euros

The CEO of Alstom, Patrick Kron, said he still opposed the entry of Mitsubishi Heavy Industries in the capital of Areva.

Renault: -4.11% to 36.05 euros

The money paid by the manufacturer to pay the false information intended to support the charges of espionage brought against three of its executives has been partially solved in a Swiss bank account opened by one of his security guards, shackled Duck wrote on Wednesday.

Note that the manufacturer has sales up 2.8% in February over a year, according to figures of registrations of the European Union. For his part, Peugeot (2.48% to 27.22 euros) sees his own shrink by 5%.

BNP Paribas: -3.12% to 50.34 euros, Societe Generale: -2.62% to 44.60 euros

The banks are down sharply after Moody's lowered the rating on Tuesday night in Portugal two notches to "A3" with negative outlook, raising fears about sovereign debt of countries known as peripheral euro area.

Bollore is optimistic

Bourbon: -5.22% to 32.06 euros

The group released Wednesday 2010 earnings fell sharply, mainly because of difficult market conditions, but the group estimated that the average utilization rate of its fleet to continue to improve gradually.

Transgene: -5.85% to 11.11 euros

The group referred to tackle 2011 with confidence even though the French biotechnology company has continued to widen its loss in 2010 and some of his projects have been delayed.

Mersen: -3.34% to 33.61 euros

The group said Wednesday expect for 2011 a slight improvement in profitability and renewed growth, albeit slow, its sales from the electronics and solar energy.

Bolloré: 0.46% to 153.05 euros

The group reported a 40% increase in operating profit in 2010 thanks to its growing transport business, logistics and port handling.

Zodiac Aerospace: 0.38% to 47.14 euros

The group raised its revenue forecast for 2010-2011 after a second quarter better than expected thanks to the recovery of the aviation sector.

Balthazard Michel: "I want to recognize my innocence Renault"

LE FIGARO. – How did you get into this business?

Michel BALTHAZARD. – It hit me on January 3 at 8:00 am. My supervisor, who was Odile Desforges, had convened a meeting under the pretext of talking about a problem. I came from vacation with my family. Soon, Jean-Yves Coudriou, the executive director of the Renault executive who took his place. He said: "Michael, we t'accusons corruption by organized involving the interests of Renault and possibly the benefit of a foreign power." He added: "You must tell us why you did it." I told him I did not understand what he told me. I asked him the items. He refused to give me. After 10 minutes, I told myself: "You've fallen into something unimaginable."He served my notice for interview prior to possible dismissal on January 11 with the letter that goes. It stopped there. At 8:30 it was over.

What happened next?

Two members of the security escorted me to my car. At 9:30 am, access to my two laptops and the Intranet was cut. I just had time to call my wife. The next morning, I called Jean-Yves Coudriou and I reminded him that I had not done anything, never committed any crime, the slightest mistake vis-à-vis Renault. I am a stranger to this whole thing, do not resign and Renault's interest to conduct a serious investigation, 'I said.

How did your interview prior to dismissal, the 11?

Jean-Louis Coudriou read me the letter of dismissal.I asked two questions: what evidence you have on the money that I received from abroad? What builds your belief that I gave information in exchange? He said he does not tell me anything and he would give all the elements to justice. I came out, it lasted 20 minutes. Through the front door, which surprised many Renault. Since then, the group does not send me any information. I discovered all by the press.

How did you experience the following weeks?

It was horrible. I spent a month dispirited, sounded like a boxer who took a knock on the head. I spent days sitting in a chair thinking: what happens? What will become of me? I am nothing. It's awful. I could not do anything. I forgot my keys on the same door out to buy bread.I got into a big void. Did not call nobody or almost. And when the phone rang, I jumped.

Have you been questioned by police since the beginning of the case?

Yes, twice, 8 and 17 February, by the police to confirm the complaint that my lawyers had filed for false accusation after the anonymous letter. This letter is pathetic, there's nothing inside. For me it's a filthy garbage which I do not know the source. I have only one certainty: This letter was posted by someone at Renault. When I think it is from this that some have found it in three months dessoi-called offshore accounts and a whole complicated financial circuit. It's very hard …

But you have heard from the DCRI investigating the suspicions against you?

No, nothing. No one came or called me to ask me any questions.Yet every morning, I was expecting a raid at my home by the Central Directorate of Internal Intelligence. With my wife, we had prepared all my bank records. I did not see it coming and stayed as paralyzed. Apart from my family and friends, I have not told anyone.

You do not even try to join your former colleague Bertrand Rochette, also in turmoil?

If during the first two days of the case, I called Bertrand after discovering that he was also accused. I asked him what had happened. He replied that he too could not understand what was happening by adding "I do not resign …." Then, by tacit agreement, we made the decision not to call us.Only last Friday, when reading the words of Patrick Pelata in Le Figaro, that I contacted him because Renault's position has changed and history is now unraveling. Finally, we begin to see the end of the tunnel and the truth will finally burst …

That is to say?

For me it is incomprehensible. Initially, plumb in front of Renault, I expected that I was so doctored evidence to me that one waving a fake file or fake bank accounts as the Clearstream affair. But ultimately, I think we're dealing with a fraud much less complex than that, a rather rough handling.

You want to reinstate the company?

I measured with this case, the total lack of confidence in the general direction towards me.And to think that I can work again in this framework, with people who claimed the convictions as what I was guilty I simply unimaginable. No going back to work at Renault. It's a tear. I love this club and I still love it. Every morning I went to work with pleasure. I had teams that I like. I must make up my mind all that. It's very hard. Today with my wife, one wonders about the meaning and balance in our lives.

Will you seek redress?

Of course! I was still dirty and thrown to the lions in front of the world. Naturally, I will ask for financial compensation to the height of the terrible harm that I caused. As a member of the steering committee and director of projects "upstream", I was paid about 300,000 euros per year, including bonuses.I still had five years to the company, the top five in terms of wages. I would work but surely I shall never find the same type of salary and responsibility. I lost my honor and part of my physical resources. And I can tell you that after 33 years of career, I left Renault with 389.51 euros for final settlement.

You suspect you are rich, what is your lifestyle?

I am an engineer and I have no particular lifestyle. Like every year, I went to Tignes at Christmas to family skiing with my children in a rental that cost me 2800 euros. I spent my vacation last summer in my country house, bought twelve years ago, near Lyons-la-Forêt in Eure. And then in May 2010, I went with my wife to do the Tour de Corse motorcycle, with my old BMW. It is true that the night we slept at the hotel. Finally here.What do you want me to tell you …

Would you like Carlos Ghosn all responsibilities?

Senior management must take responsibility, but I want to say that Renault is a company I love and I do not want to destabilize. I have no desire for revenge. I do not want to fall head. For the parallelism of forms, I expect Carlos Ghosn returned to log 20 hours to announce that he was wrong. I also expressed that the prosecutor on the radio as he did when he received the complaint.

If your innocence is proven, will you file a complaint against Renault's your turn?

It would not be responsible, as a former officer to go to court. I will do nothing to put the company at risk. I am confident that Carlos Ghosn, Patrick Pelata to meet their responsibilities.My goal is that my innocence is acknowledged publicly and officially. Overnight, I was kicked out, thrown into this lamentable affair without anyone at the branch, has had the courage to say anything in front. And that, I do not admit it. On 18 January, I put my business in Technocentre and I found myself outside. I crossed one. It was 10 o'clock in the morning. It was 33 years old who stopped. I will not come here anymore I tell myself, except the day I speak with Patrick Pelata and Carlos Ghosn. Eye to eye.

ALSO READ:

"INTERVIEW – Pélata:" I will draw all the consequences "

"PAPER – The letter of termination to Renault

"Renault management is increasingly isolated

The Court of Auditors is to meet VAT

The Courdi accounts furnish his report Friday on the Franco-German tax convergence. According to our information, this report concludes that there is some leeway in France for the VAT hike, but they should be used as part of a major tax reform. He advocated focusing instead on business taxation in order to align the two countries 100% free credit score.

The Court would consider in the future produce a joint report with the Germans focused on corporate taxation. This time it was a true co-relation. The report was issued Friday, he, been realized only by the French Cour des Comptes, which relied on the help of German authorities.