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The CAC 40 is depressed before the European meeting

The Paris market continues to fall on Thursday, a reflection of what has been observed in Asian markets this morning and the decline in U.S. indices yesterday. Wednesday evening, the Cac 40 lost 0.15% and ended at 3871.37 points in a very dynamic market, with over 7.1 billion traded on the benchmark index of the Paris Bourse. And on Thursday, the index still declined from 0.49% to 3852.48 points.

At the time of opening, the composite PMI, which includes industry and services, has returned to version 55.4 "flash" against 60.3 in May, reaching its lowest level since October. The growth of private sector activity in France has slowed more than expected in June.

European side, European leaders find themselves on Thursday night in Brussels at a summit to try to reassure their ability to stem the endless debt crisis in Greece and prevent contagion throughout the euro area, which worries more and more abroad. Other items on the agenda: the confirmation of the appointment in November of the Italian Mario Draghi as President of the ECB to replace Jean-Claude Trichet.

The publication of the memo on the economy of France, to be released at 22 o'clock tonight, will be watching. In addition, the G20 agricultural ends today. In addition, Christine Lagarde, a candidate for the general direction of the International Monetary Fund (IMF), spends his oral exam today in Washington.The maintenance of his rival, Mexico's Agustin Carstens, was held Tuesday.

United States, a report by the Congressional Budget Office (CBO) on Wednesday warned against an explosion of net public debt, which can reach 100% of GDP by 2021 if nothing is done to correct the current trajectory. In addition, the U.S. central bank is now focusing on a GDP increase of less than 3% in the fourth quarter. New measures could be considered if the economic situation deteriorated.

On the currency markets, the euro bends slightly from 0.20% to 1.4307 dollar.

EDF denies

The CAC 40, only Pernod Ricard rises in green: 0.06% to 66.49 euros. But in the SBF 120, Lagardère stands: 2.33% to 27.40 euros.Areva takes him 0.59% to 25.50 euros.

Side drops, banks suffer: -1.66% to 39.21 for SocGen, -1.51% to 10 instant credit report.10 euros and Credit Agricole -1.18% to 42.12 euros for BNP Paribas. European banks resisted, however, a defect in Greece, according to Bernard de Longevialle, head of bank ratings at Standard & Poor's. Note that BNP Paribas bought 25% of Findomestic to the bank Intesa Sanpaolo for 629 million euros and now holds 100%.

EDF (-0.52% to 25.96 euros), which plunged 3% yesterday s "ance, had to deny rumors of leaks in nuclear plants in France. The CGT has nevertheless confirmed that called for an end of a reactor at the plant in Seine-Maritime Paluel due to extraordinary levels of radioactivity. The electrician has admitted it yesterday "an accumulation of small differences" after the publication of an article Mediapart citing incidents in series.

In addition, the dean of French nuclear reactors, the central Fessenheim, would be allowed in the coming days to continue to operate for ten years.

EADS (-0.09% to 21.83 euros). The buyers of the Airbus A400M signed a framework agreement on the development and maintenance of the fleet of the future military transport aircraft. Furthermore, after signing an order for sixteen billion dollars with Indigo, negotiate with Airbus for 200 A320 AirAsia NEO.American Airlines could also favor the European aircraft manufacturer at the expense of its rival Boeing.

Air France-KLM lost 2.06% to 10.21 eruos.

Dassault Systemes (-2.74% to 56.15 euros, the largest decline rating) expects a double-digit increase in sales in the aerospace and defense between 2010 and 2014 thanks to the many innovations offered by these sectors, Reuters said Wednesday its chief executive Bernard Charles said in an interview.

Automobile manufacturers seek to diversify their income and increase customer loyalty.

Peugeot (-0.57% to 29.72 euros) PSA installed production capacity that should allow it to manufacture more than 30,000 hybrid vehicles per year, reports La Tribune. "At Sochaux, we expect a potential of 70 to 80 units per day," says Serge Isler, project 3008 Peugeot hybrid.In addition, PSA has manufactured in Rennes, Brittany, just over 15,000 Peugeot 508 equipped with the same technology, the paper said.

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The success of conventional ruptures

Breaks conventional still face a huge success in business. Since the introduction of this device in 2008, their number continues to grow at a rate of 20,000 to 24,000 per month, according to a recent memorandum the Ministry of Labour. After a strong scalability driven by the crisis, the number of monthly requests has indeed stabilized since the fourth quarter of 2009, so as to exceed the threshold of half a million to break out of court last February. In total, conventional breaks accounted for 11% of CDI in 2010 after 7% in the first half of 2009 and 10% in the second half.

Small businesses are particularly in demand of this device. In the second half of 2010, three quarters of conventional ruptures have been signed in companies with fewer than 50 employees, while they represent only half of total employment.Overall, more than one company is big, and the less it tends to resort to conventional rupture. In establishments with more than 250 employees, the break is only conventional and 5% for contracts, against 13% in establishments with fewer than 10 employees. In contrast, the amount of compensation increases with the size of the company. The amount paid per employee in 7430 was certainly high euro in 2009, but half of the employees has actually received little more than the statutory redundancy payment, below which firms can not fall .

Disguised early retirement

If smaller firms are attracted by the flexibility of the device, breaking "friendly" is also not without pitfalls. The high proportion of employees over 50 years involved calls for a diversion of the rupture conventional at the expense of Unedic.In the second half of 2010, the breakdown was 23% of the conventional reasons for termination for employees aged 58 to 59, against 8% of those under thirty years … so companies would use this system to be financed by the Insurance which is similar to put in early retirement.

In some cases, break "friendly" is also related to a dismissal. The report by Mathilde Lemoine and Etienne Wasmer on the mobility of employees said that the profile breaks conventional evolves quite parallel to that of redundancy. This observation would argue, according to the report, for use of the device in lieu of redundancy at the expense of employees.If the Ministry of Labour is responsible for control conventions and to avoid abuse, the lack of support for employees during the preliminary interviews, often in small businesses, not easy by regular use of the device.

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Wall Street moves slowly

U.S. stock markets opened very slightly up on Tuesday. The Dow Jones gained 0.22% to 12,507.01 points, the S & P 500 is 0.40% to 1340.65 points and the Nasdaq rose 0.34% to 2835.44 points. On Monday, the NYSE has done in a piecemeal, beginning with one week ahead caution particularly busy, with many corporate earnings and a crucial meeting of the American central bank (Fed).

Investors should still be cautious on Tuesday. The week promises to be loaded into effect as macroeconomic and microeconomic levels.United States, some 180 companies in the Standard & Poor's 500 and eight of the Dow Jones must publish their first quarter results, including those from Amazon today, Coca-Cola and Office Depot.

Beginning of the Fed meeting tonight

The U.S. central bank meets from this afternoon and on this occasion could provide guidance on its strategy for ending the crisis so that its measures to support the economy come to an end late June. The U.S. central bank should maintain its interest rates between 0% and 0.25%, a threshold at which they have been held since December 2008 to reinvigorate the economy. On the other hand, the buyback program to $ 600 billion of debt the Treasury launched in November would go to its closure in June, in accordance with the wishes of the majority within the Fed.Markets also expect to see for the first time in the history of this institution almost centenary, the Fed chairman to answer questions from reporters after a meeting of the Monetary Policy Committee.

Housing prices in the United States continued to decline for the eighth consecutive month in February, 0.2% from January, according to the monthly Standard and Poor's / Case-Shiller index released Tuesday.

On the foreign exchange market, the euro rose slightly from 0.21% to 1.4610 dollar.

Oil prices were little higher on Tuesday at the market opening in New York, a barrel of benchmark winning 7 cents to 112.35 dollars, still supported by a weak dollar and tensions in the Middle East and North Africa .

Boeing: 0.21% to 75.06 dollars

The side of values, the investigators of the National Transportation Safety Board (NTSB) said in a statement it had found cracks in the fuselage of the Boeing 737-300 Southwest Airlines involved in an incident in early April, and problems on the rivets .

Oracle: -0.12% to 34.79 dollars

The IT group and Oracle software has announced the departure of its CFO Jeff Epstein, whose duties will be assumed by its co-president Safra Catz, who was both his direct supervisor and his predecessor.

Yahoo!: -0.23% to 17.07 dollars

Yahoo! announced Monday the acquisition of very young IntoNow company, which launched on January 31 an application for iPhone to connect to family television programs we are watching.Financial terms of the transaction were not disclosed, but the news website TechCrunch specialized evaluation between 20 and 30 million dollars.

General Electric: 1.07% to 20.10 dollars

The U.S. Department of Defense has terminated a contract from General Electric and Rolls-Royce for a replacement engine for fighter jets F-35.

Also note, the White House lashed out Monday night that U.S. oil companies will announce this week their profits when gasoline at the pump is at its highest in three years.Exxon Mobil advance of 0.19% to 86.38 dollars, Chevron gained 0.13% to 107.56 dollars and ConocoPhillips takes 0.17% to 80.62 dollars.

Goldman Sachs 0.21% to 152.52 dollars, Morgan Stanley: 0.47% to 25.90 dollars

A group of creditors of Lehman Brothers Holdings, led by Goldman Sachs and Morgan Stanley, introduced in turn before the bankruptcy court in Manhattan plan to restructure the bank, the third since the collapse of the facility in September 2008. It provides a recovery rate of over 40% for the creditors of the derivatives business at Lehman, which include the designers of this new plan, and a rate of only 16% for bondholders. The plan is very different from that filed in December by a group of bondholders, led by Paulson & Co. under which creditors would recover only derivatives that 25.7% and 24.5% of bondholders.Lehman has also filed its own restructuring plan, presented as a compromise. It provides a recovery rate of 34% for the creditors of derivatives and 21.4% for bondholders.

Slow start for the chain of Oprah Winfrey

Oprah Winfrey is far from having won his wager. Launched in early January, its new cable channel: Oprah Winfrey Network, OWN has not yet been proven. After initial success due to the curiosity of millions of Americans who admire Oprah, the chain is always looking its audience. Over the last three months, attracting 149,000 viewers on average than at any time of day. Only 6% better than Discovery Health, chain it replaced in bouquets of U.S. cable operators.

In prime time, the programming feature designed by the world's richest television, attracts 291,000 viewers on average, only 17% more than the emissions that Discovery has dropped to make room for this joint venture to 50 % with Oprah Winfrey.It is the first attempt to climb a chain around the aura of a personality.

Oprah Winfrey and Discovery remain optimistic. Provided their goal of break-even point in the first year of operation of the channel seems increasingly elusive.

Discovery has agreed in any case to inject 50 million dollars in the project this year. An amount in addition to the 189 million already invested during the preparatory phase to launch OWN, which lasted nearly three years.

Wrath of the "queen"

According to the press in the gossip of the media world, "the queen of talk show" was angry after a series of meetings with colleagues, alarmed by the poor viewing figures cash advance. "I built this system with my own hands, I expect all those who are employed here work hard for the next two years.If the audience rating does not take off soon, heads will fall, "shouted the imposing Oprah Winfrey.

First decision to boost its ratings, OWN announces six new series of programs. These documentaries or reality television productions. "Confronting …" for example, presents the efforts of crime victims to face their attackers.Both parties try to experience each other overcome their trauma.

Another program "Unfaithful: Stories of Betrayal" (Infidel: Stories of treason) shows how couples torn by adultery manage to save their relationship with the help of a therapist.

These original programs are supposed to support the public's attention before the "queen" in no more come in September consistently lead the interviews and documentaries on its own channel.

Indeed, paradoxically, the great "talk show" Oprah's syndicated on hundreds of different channels are not broadcast on OWN. Its latest edition, scheduled on May 25, looks spectacular. Oprah calls on advertisers not less than one million dollars for an advertisement of thirty seconds.

Advertising: TF1 hard to start in 2011

Morale is at half mast at TF1, which held its general meeting Thursday. The poor performance of hearing the first quarter will, according to financial analysts, the impact on advertising revenue. The consensus of analysts, they would be down 2% versus the first quarter of 2010, which had posted 355 million euros. It must be said that the first private channel has been unlucky in the first months of the year with JT sluggish and entertainment in free fall.

"In 2010, free channels have pulled their growth in a proactive policy volume. The screens are well filled in 2011, the price effect which is structuring. Yet the latter is related to hearings. And, in this case, they have not always been the rendezvous for TF1, "said Sergeant John the Baptist, the brokerage firm Gilbert Dupont.This was particularly the case in prime-time portion of which sank with the accident "Square VIIIP. The lower rates would have been understood for advertisers between 14 and 24% and it was not until the introduction of the game "Money Drop", Endemol, in a few weeks to recover.

The situation is quite different with regard M6 whose advertising revenues are up 7% to 162 million euros in the quarter. Good hearing chain Nicolas de Tavernost including the JT and "Scenes from" support price of advertising. "TF1 had some crashes while hearing M6 surfs its success," said Julien Roch, a financial analyst at Barclays. This virtuous growth is now linked to the rising cost of grid announced last September and is expected to be on the year, between 5 and 10%.A boost that seduces even more advertisers and audiences are waiting for you.

Disappointment in the markets

However, the side of diversification, the group experienced a fall impressive range of analysts estimated between 16 and 20% due to the collapse of sales of Bordeaux and a weaker performance on the market broadcasting rights for lack of a twilight or indoor video.

On Thursday, during TF1 fell 4.19%, to 12.35 euros, while that of M6 lost 2.22%, to 17.85 euros. However, analysts remain calm. At European level, falling valuations of media companies is around 20%.

Eric Besson wants to review gas prices and plans to tax the oil

The Energy Minister, Eric Besson, who attended Friday at Matignon in a meeting on the theme of soaring energy was delivered this Sunday on Radio J, a change in the calculation of gas prices . Keeps the current formula, partly indexed to oil prices, should indeed lead to a further price increase on 1 July. An increase that could go wrong with consumers who are already undergoing an increase of 5.2% in early April, an inflation of 20% over one year and 60% since 2005.

"The government's objective is very clear: it is, in a context of rising energy prices at the international level to protect the purchasing power of the French," said Eric Besson, who considers "unacceptable" the continued the increase could reach 7.5% under the current formula.The new method of calculation should be offered "in the coming weeks" after the arbitral panel Matignon and the Elysee Palace.

Since early 2010, the energy group GDF Suez, owned 35% by the state, which offers fares. The Commission for Energy Regulation (CER) then verifies that the prices are consistent with the formula. But the government may "ask" GDF Suez does not apply the increase. The CRE has pronounced itself in recent days to a new formula for calculating rates to better reflect market prices (spot prices) at the expense of long-term price listed in the contract supply that GDF has signed with major suppliers. The spot prices now account for about 10% in the scale used.The regulator calls for increasing this proportion "as the market price continues to be lower than the average import price from the long-term contracts."

Curb rising fuel

Eric Besson else said the government was worried about soaring fuel prices. To curb the rates that affect the household budget, he plans to "make use" petroleum distributors.

He said he was "technically very difficult, if not impossible" to establish a "social tariff of gasoline, already ruled out last month by the Economy Minister Christine Lagarde. He believes, however, can mitigate the impact of soaring fuel prices, adding that discussions were under way but without giving further details on the nature of the contribution that would be applied to oil tankers.He also refused to talk to a tax on profits groups. "If we adopt a measure for the poorest households, it is necessary that, in one form or another, contribute to petroleum distributors," he said, referring only arbitration "in the days to come." Prices at the pump have been drawn up in recent weeks by revolts in Libya and the Middle East who have blazed the price of crude oil. In March, the super unleaded 95 had reached a high of 1.5179 euro parlitre.

(With AFP)

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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.

Fears on debt may bend the Paris Bourse

After closing below the threshold of 4,000 points on Wednesday, the Paris Bourse continued its downward trend on Friday as geopolitical tensions are again on top and the price of oil rising again after the decline recorded Thursday. At the opening, the Cac 40 falling 0.97% at 3925.73 points. Yesterday, Wall Street ended its biggest drop since August, while that night, all Asian markets operated in the red, hit by the publication of disappointing indicators for two days and a severe earthquake Japan. Finally, the debt crisis in the euro area is restarted after the deterioration of the debt rating of Spain on Thursday. A situation that only reinforces the pessimism on the Paris exchange. The Heads of State and Government of countries of the euro area will meet today in Brussels.A planned meeting to endorse the pact competitiveness of Germany, but could develop into a crisis meeting to address the problems of sovereign debt of countries in the area.

Moreover, the situation in the Middle East and North Africa continues to worry investors. Unrest in Saudi Arabia, world's largest producer of oil still increases threaten to crude prices, a scenario that the market interprets as a brake on economic recovery. Operators should be particularly careful on Friday to call for demonstrations in Saudi Arabia. In morning trading, oil prices increased again after the decline Thursday. A barrel of light sweet crude for April delivery took 14 cents to 102.84 dollars.That of Brent North Sea crude for April delivery yielded 23 cents to 115.20 dollars.

On the macroeconomic front, the news is not much brighter. The Bank of France announced on Friday a widening of the French current account deficit, which rose from 4.9 billion in December, to 5.1 billion in janvier.Aux United States are expected this afternoon Product details for the month of February (1430), the index of consumer confidence in March from the University of Michigan (3:55 p.m.) and stocks and sales of businesses for the month of January (1600).

As for currencies, the euro is recovering slightly against the dollar Friday after his significant decline from the previous day due to the deterioration of the Spanish sovereign rating, while the yen fell suddenly to the announcement of the tidal surge that came the earthquake in the night. Around 8:00 in Paris, the euro bought 1.3805 dollars against 1.3794 on Thursday.The European currency also gained against the yen at 114.96 yen against 114.41 yen Thursday evening

Failure of new R & D for Sanofi-Aventis

Sanofi-Aventis – 1.03%, to 50.15 euros

The pharmaceutical company Regeneron Pharmaceuticals and the U.S. announced Thursday that its experimental treatment against a certain type of lung cancer did not achieve the primary goal of clinical late stage.

Rally: – 1.23%, to 31.71 euros

The holding company of Casino, announced Friday a net profit in 2010 declined significantly affected by higher financial expenses and the lack of more significant capital gain, and propose to the title the past year a stable dividend .

No dividend Haulotte Group

Haulotte Group: – 9.73%, to 12.80 euros

The group reported a 2010 sales up 23.8% to 250 million euros, but has remained in deficit, with a net loss of 42.2 million euros, mainly because of high cost of its center of production units and maintaining a high level of reserves customers. The group will not propose a dividend for 2010.

Legrand – 0.53%, to 28.24 euros

Legrand announced Thursday it had issued 400 million euros of bonds at 4.375% Maturity 2018 at the resale price of 99.616%, the operation with a yield of 118 basis points over swaps.

GFI: 2.29%, to 3.58 euros

The group announced Thursday it returned to profitability in 2010 and looked forward this year a further improvement in operating margin.

NextRadio TV: 0.93%, to 15.15 euros

NextRadioTV said Thursday expect a double digit growth in revenue from its radio division for the first quarter of the year after being returned to profitability in 2010.

GDF Suez: – 0.93%, to 27.03 euros

HSBC lowered its recommendation from neutral to underweight on the title of the gas giant, and cut its price target to 26 euros from 30

Chargers: 2.58%, to 5.17 euros

The group published a annual turnover up 13.4% over fiscal 2009 and has returned to profitability in 2010, driven by volume growth, cost savings and a good ability to absorb rising commodity prices.Operating income was 21.3 million euros, against a loss of 22.6 million euros a year earlier.

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.

Switzerland has frozen the assets of the Mubarak family

Deprived of power in Egypt, Hosni Mubarak could soon be as his property. Barely half an hour after the announcement of the resignation of the Pharaoh, or at 17:30 on Friday, the Swiss government announced it was blocking all funds that may belong to the Egyptian president and his family in Switzerland. The Federal Council has issued an order to that effect asking the Swiss banks to search for and freeze the assets of the clan Mubarak. According to the Swiss National Bank in late 2009, the Egyptian deposits on accounts in Switzerland reached 3.6 billion Swiss francs (2.27 billion euros).

"President Hosni Mubarak has resigned today after weeks of mass protests. The Federal Council took note of this evolving situation, "it said in the text.The assets of Mubarak and his entourage were blocked with "immediate effect" and the order is "valid for three years," says the Federal Council. "In addition, the sale and disposal of assets – including property – belonging to such persons are prohibited. The Federal Council intends to take all necessary measures to prevent any possible misuse of public funds. "

Between 40 and 70 billion

According to experts cited in the Middle East by the British newspaper Guardian, the Mubarak family fortune is estimated at between 40 and 70 billion dollars (29 need a personal loan with bad credit.5 and 51.7 billion euros). It would be divided as such: $ 15 billion for Hosni Mubarak, one billion to his wife Suzanne, eight billion for his eldest son, Alaa, and 17 billion for his second son, Gamal. By comparison, the couple's Ben Ali is estimated at five billion dollars, as ranked by Forbes magazine.And that of the richest man in the United States, Bill Gates, to 54 billion.

The Algerian newspaper Al Khabarprécise his side much of the wealth of Mubarak would be deposited in banks or invested in real estate. The Mubarak family would own and outside of Egypt, properties in the United States, Great Britain (whose son and mother hold the nationality), France, Switzerland, Germany, Spain and Dubai . Finally, two son, Gamal and Alaa created and taken stakes in many companies in Europe and the United States.

(With agencies)

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