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Greece: Europe could put his hand to Portfolio

Rumor conveyed by the German magazine Der Spiegel that Greece had threatened on Friday to leave the eurozone was denied on all sides. "A provocation" by the Greek Minister of Finance, a "dumb idea" according to the chairman of the Eurogroup Jean-Claude Juncker, a "completely fanciful hypothesis" for Bercy.

However, the financial position of Greece has indeed been raised on Friday at an informal meeting in Luxembourg, attended by several Ministers of Finance of the euro area, Christine Lagarde, and his counterparts from Germany, Italy, Spanish and Greek. At that point also to the subjects on the agenda – aid to Portugal, the regulation of financial markets, the successor of Jean-Claude Trichet as head of the ECB – "have not even been processed, lack of time, "says Les Echos on its website on Saturday, citing" a source described as European. "

Accelerating privatization

At the heart of discussions among members of the euro area, the ability of Greece to honor the commitments made in the context of assistance of 110 billion euros granted by the EU and the IMF a year ago. According to Les Echos, the Europeans have been willing, in exchange for new measures of fiscal adjustment, to pay 20 euros to 25 billion additional to Greece, where they would prove insufficient.

A sum which would, according to business daily, covering almost all the financing needs of the country in 2012. With a deficit recently revised upwards to 10.5% of GDP against 9.4% previously, it seems unlikely that in Greece reaches, as originally envisaged, to borrow again by itself on the market bond in 2012 no teletrack payday loans.

Previously, the Greeks will make new efforts, however, warned the Europeans. Including accelerating the ongoing privatization. While the report had planned disposals of EUR 2 billion in 2012, "it will take much more raking Athens, about 25 billion by 2013," said the European source quoted by Les Echos. "If these measures are not sufficient, Greece should further tighten the screws tax," she added.

Debt restructuring again rejected

However, the assumption of a debt restructuring Greek seems once again rejected by the participants.While Lars Feld, one of economic advisers to Angela Merkel on Sunday felt that the restructuring was "the only way forward so that Greece is a little relieved that creditors and help to solve the Greek problem" President of the Eurogroup Jean-Claude Juncker reiterated after the meeting that such an option was excluded.

Greek newspapers have relayed their side, however, the slopes on Saturday morning "workout" soft "after they discussed Friday. The opportunity for Greece not to pay interest rate for two years in exchange rate subsequently increased, or lengthening the duration of bonds maturing in 2011 and 2012 have been particularly considered. The financial situation of Greece will once again be the next meeting of the Eurogroup on 16 May.

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Sarkozy the premium will not necessarily "cash"

Latest offs were made. The bill establishing the principles of the premium that Nicolas Sarkozy wants to force companies with more than 50 employees – which distribute profits up – to pay their employees is written. It should be sent next week to the State Council for approval.

The clarifications concern the concept of exact dividend taken into account. It will not be the total amount of dividends paid, but the dividend per share. The scope of company concerned has also been refined: in a group, it will be the parent. Thus, if the dividend paid by the parent increases relative to the average of the previous two years, all the subsidiaries and dependent must pay the premium. They display or not benefits rise.For groups present in France but whose head office is abroad, the measure will apply to employees in France so the "highest parent situated on French territory" has increased its dividend.

Another clarification: it is possible, by collective agreement, to offer employees something other than cash free credit report and score. The "premium" for example, could give the appearance of a surplus or profit participation, an assumption of a mutual or a bonus share issue. Only principles: the benefit must be made public (that is to say, to benefit all employees and not to certain categories), pecuniary (it must be equivalent to a sum of money) and new (it should not have been granted previously).

For the rest, nothing changes.The amount and terms of the premium must be negotiated within the company, under the same conditions as the participation or incentive. And failing agreement with the organizations representing the staff, for setting out is only for company management. No company with over 50 employees will benefit from exemptions. The premium will be exempt from normal social security contributions – but subject to 8% of CSG-CRDS and 6% social package – up to a ceiling of 1,200 euros. As at the date of entry into force: this year.

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The Livret A could reach 2.5% in August

Encouraging news for investors. After an increase from 1 February – he was then increased from 1.75% to 2% – the rate of the Livret A could rise again this summer. According to economist Cyril Blesson interviewed by the daily newspaper Les Echos on Friday, is expected to reach 2.25% or 2.5% to 1 August.

To make this forecast, the founder of Cahiers de l'Epargne based on the mathematical formula used to determine the remuneration of the booklet and is applied twice a year (February 1 and August 1). Furthermore the level of interest rates, this calculation takes into account the increase in prices. However, for several months, inflation is back and the pressure on energy prices would feed into the next month.

This likely further increase will certainly confirm the French interest in what remains their preferred placement.After a bit snubbed the Livret A in 2010, they have overwhelmingly chosen in early 2011 to place their savings payday loans in 1 hour. Between January and March, the booklet has attracted 7.38 billion euros, against only 5.58 billion euros for the full year 2010. This brings to 202.4 billion euros, the total of the Livret A. Meanwhile, life insurance, the other investment popular with families, should instead suffer from uncertainty that hovered on Taxation. Early this year, the collection fell by 11% compared to January 2010, to 11.8 billion euros.According to Cyril Blesson the decline throughout the year 2011 could reach 12%.

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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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Wall Street continues to grow

The NYSE opens up this Friday, continuing its progressive movement initiated Thursday. The Dow Jones advance of 0.79% at 11,868 points, the Nasdaq is up 1.03% to 2663 points and the S & P 500 by 1.08% to 1287 points.

If fear of a major nuclear disaster in Japan seems to retreat somewhat, the environment remains nervous, with investors again worried about the risks of a rise in crude oil prices. In fact, at present, oil retreats since Libya announced it would stop all military operations so that international intervention is preparing under the auspices of the UN. A barrel in New York is still always more than $ 100. In addition, Bahrain's continued repression and puts the gold noi pressure.

In Tokyo this morning, the Nikkei has returned 2.72%, supported by the announcement of a joint G7 intervention on the foreign exchange market to counter soaring yen.On the foreign exchange market, this decision was immediately able to return to the dollar above 80 yen in Tokyo, a day after a record at 76.36 yen. In early afternoon in Paris, the greenback was trading at 81.69 yen.

Meeting of the "Four Witches"

On the macroeconomic front there is no major indicator on the agenda of U.S. investors on Monday. The market will however be many technical movements on Friday, sitting in this so-called "four witches."An appointment is the quarterly expiration of four simultaneous types of options and futures for stocks and stock indexes.

The values ​​listed after the close of Wall Street yesterday, the American General Mills (+1% to 36.49 dollars), owner of Häagen-Dazs, entered into "exclusive negotiations" to buy back more than half ( 51%) of the number two worldwide in fresh dairy products, French Yoplait, for over 800 million euros investment fund PAI Partners.General Mills' Yoplait is the franchisee in the United States and as such greatly expanded the brand to the little flower on the market.

Boeing (1.35% to 69.22 dollars) for its part, announced the arrival of Mark Allen, currently vice president for worldwide legal affairs as president of Boeing China, following the retirement of David Wang no fax pay day loan.

Also after the close of U.S. markets, General Motors (0.99% to 31.75 dollars) announced it would suspend production at its plant in Shreveport, Louisiana next week due to a disruption of supplies of spare parts from Japan. The other plants in North America will continue to operate normally. In addition, GM expects a 10% decline in production in Korea in March, also due to supply problems.

The Microsoft IT group (0.86% to 24.99 dollars) has announced the dismantling of a "complex" of sending billions of spam (spam) daily on offers to buy fake drugs.

For its part, Nike (-9.19% to 77.56 dollars) has reported a net profit of $ 523 million in the third quarter increased 5% over a year and a turnover of $ 5.1 billion, up 8% excluding currency effects.

Moreover, the manufacture of the Apple iPad tablet 2 (0.46% to 336.17 U.S. dollars) is threatened by the aftermath of the earthquake and tsunami in Japan, which could lead to "logistical disruptions" and disruptions in component supply, according to research firm iSuppli IHS.

Groupon valued 25 billion

The platform for financial exchanges and Nasdaq Intercontinental Exchange (ICE) are struggling to agree on an offer on the cons exchange group NYSE Euronext, under a merger with Deutsche Boerse, said Thursday the Wall Street Journal.

Also note, the U.S. computer security firm RSA announced Thursday that hackers had penetrated into its systems and retrieve information that might allow them to circumvent the defenses of companies equipped with its technology.

Finally, according to The New York Times, the American website Groupon, which enables the faithful to receive coupons on their purchases, could be valued near $ 25 billion at its upcoming IPO, a higher price that Google had obtained at the time of its development.The new rising star of the internet, dismissing the fall of an offer to buy this same Google $ 6 billion, could make his case for IPO this spring, the paper said on its website.

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.

The resumption of construction at the trial of Egyptian crisis

Confidence and optimism. Bouygues in Vinci, through Lafarge, Saint Gobain, Ciments Vicat or French, the recent wave of publication of annual results in the construction ended on quite positive outlook for 2011. "I am convinced that the return to growth, yet very contrasting last year, will continue this year," said Pierre-Andre and Chalendar, CEO of Saint-Gobain, in an interview with Le Figaro, after the publication of annual results of the group. The diversified giant Bouygues seeks to increase its share of sales by 2% in 2011, driven by construction and telecoms. The prospects are very favorable for Lafarge, which "anticipates growth in its markets of cement demand between 3% and 6%" for the current year.

For Natixis analysts, however, the horizon is perhaps not so clear for the construction industry.According to them, "lack of visibility into Egypt" may weigh on the sector. In a note, they believe that "even if the long-term prospects remain very attractive, the Egyptian market in 2011 is expected to suffer from political turmoil that hit the country with the transition from the old regime and the establishment of a new ". And they expect a decline in demand for cement 5%, and on a slight decline in prices, "because of new capacity will be commissioned in 2011, representing 4 to 6 million tonnes, 10% of the request.

Egypt, a barometer of 2011?

This analysis echoes the concerns expressed recently by Standard & Poor's. The rating agency announced Feb. 23 that it planned to lower the note by the Lafarge Group, world's leading cement, due to its exposure to the Middle East and Africa, particularly Egypt.Lafarge has made about 40% of its operating profit in 2010 in these areas has advanced S & P. According to Natixis, the political situation in the Middle East and Africa could jeopardize the objective of growth of volumes of Lafarge in 2011. The French group, which employs 2,200 people in Egypt and produces 10 million tonnes of cement per year for the local market, ceased activity at its plant located 200 kilometers from Cairo for seven days.

For its part, the Italian Italcementi Group, which claims the number one spot in Egypt, admitted last week that "the current financial year could suffer from some factors of uncertainty, such as rising commodity prices and time needed to normalize the situation (in the country, Ed). The cement had to temporarily suspend production at its five plants in Egypt late January.

The French established a very

According to the 2010 report of the African Development Bank Group in Egypt, the construction industry grew by 14.7%, supported by giant infrastructure projects developed by the government. Sites on which the French groups are present in strength. In particular Vinci and Bouygues, which involved the construction of Metro Line 3 of Cairo. In the wake of Lafarge and Saint-Gobain, the two groups had to organize the repatriation of almost all of their some 180 expatriates in Egypt. The work of the subway line was suspended, but Xavier Huillard, CEO of Vinci, acted on March 6 that it restarts "in the coming days."

In unison, the French industrial relativize the impact of the political crisis in the Middle East on their business. Lafarge is not too worried.Its CEO, Bruno Lafont, spoke of "a limited economic impact" after the cessation of production at its plant in Egypt. Pierre-Andre de Chalendar, CEO of Saint-Gobain, which opened last November in Egypt's largest flat glass plant in the region, recalled that the area represented "less than 0.5% of the aggregate exposure" group. On Vinci, analysts Exane BNP Paribas have recently emphasized the "limited exposure" group in the region, particularly Egypt.

Opportunities to seize

Finally, the cement company Vicat, whose consolidated sales in Egypt posted a solid increase of 7.6% in 2010, assured that its industrial base was not affected by the unrest. "The group remains confident about the evolution of the Egyptian market and its ability to fully benefit from its growth," he said during the presentation of its annual results.

Some even see in the "revolution" Egypt is a great opportunity. "Egypt, the most populous country in the region retains its potential. She has significant needs for housing and infrastructure, "said Bruno Lafont, CEO of Lafarge. Bouygues said he was not present in the Middle East and North Africa, a region that represents less than 4% of its backlog, but he was interested. CEO Martin Bouygues, look forward with enthusiasm: "I hope that the movements of revolution will create an economic boom in these countries."

In exchange, the shares of construction players have found the colors, as a result of optimistic statements from their leaders.In January and February, they had been severely battered by the crisis in Egypt.

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Wall Street drops below the 12,000 points

Congress cools the financial markets. After opening slightly higher, breaking the 12,000 points mark, the U.S. stock markets operate in an uncoordinated manner. The Dow Jones lost 0.05% to 11,971.40 points, while the S & P 500 ahead 0.27% and the Nasdaq rose 0.55% to 2734.07 points. Tuesday, after changing course several times in the morning, the NYSE closing slightly lower.

The side indicators, investors will monitor including U.S. weekly oil stocks as well as new home sales for the month of December. After the close of Wall Street they will also review the press release of the Monetary Policy Committee of the Central Bank of the United States (Fed).

The Fed should decide no surprise to keep its arsenal of state support for the resumption of the U.S. economy.The leaders of the institution should certainly take stock repurchase program of additional U.S. Treasury bonds that the FOMC was launched in November. Considering the recent statements of several of them, the Committee should confirm that the Fed expects to have repurchased $ 600 billion of these bonds at the end of June. Considering the recent statements of several of them, the Committee should confirm that the Fed expects to have repurchased $ 600 billion of these bonds at the end of June.

Tuesday evening, held on policy speech said his State of the Union of Barack Obama. In his speech, Bush asked Congress to exercise fiscal innovation without abandoning efforts to reduce the deficit.

New burst results

On the foreign exchange market, the euro was changing the balance on Wednesday afternoon. By mid-afternoon in Paris, the euro bought 1.3681 dollars against 1.3682 dollars late Tuesday, after the dollar rose to 1.3722 in the morning, a new high since November 22 free online credit report.

The side of values, Wall Street investors expect another round of results. United Technologies, Xerox, Boeing, ConocoPhillips must indeed publish their results for the fourth quarter.Also note, the Macworld San Francisco grand annual gathering of fans of the U.S. computer group Apple to open its doors today and will run until January 29.

Yahoo!: -3.25% to $ 15.50

Always on the side of values, the U.S. internet group Yahoo! posted Tuesday a net profit doubled for both the year and for the fourth quarter, but with a turnover of patina, displayed down 2% for 2010 and still looks disappointing the first quarter. The annual net profit appears to 1.231 billion, while quarterly earnings totaled $ 312 million.The turnover 2010 was, however, slipped 2% to 6.324 billion dollars, with a particularly sharp fall in late: -12% to 1.525 billion dollars.

Boeing: -3.02% to 70.06 dollars

For its part, Airbus said Tuesday that the final report of the World Trade Organization (WTO) on U.S. aid to Boeing will demonstrate that its competitor has received substantial aid illegal and said that Europe could claiming $ 45 billion in compensation.

Juniper Networks: 7.02% to 37.27 dollars

The telecom equipment maker Juniper Networks has announced a profit of $ 190.2 million, slightly below expectations. The group's turnover is 1.19 billion dollars against 1.13 billion dollars expected by consensus.The operating margin was 24.5% against 24.1% in the third quarter.

Wal-Mart: 0.68% to 57.65 dollars

China has sentenced several distribution groups, including Wal-Mart fined for having lied about the price of their papers, said Wednesday the instance of economic planning.

Renault investigators seeking evidence

Following the media intervention of Carlos Ghosn, CEO of Renault, the tension was far from settled. Monday in the offices of his lawyer, Christian Charriere-Bournazel, Bertrand Rochette, one of three executives fired for "industrial espionage", insisted he would not be the scapegoat in this affair. " The gaunt, emaciated but feisty, he told her "feeling of being trapped in a machine, a system in which there are very important interests."

In charge of the investigation, more than ever in the Central Directorate of Internal Intelligence (DCRI) is the responsibility of delivering the necessary clarification of this spy case. However, investigations begin with difficulty.According to our information, the cons-espionage, acting as part of a preliminary inquiry on January 14 by the Paris prosecutor, had still not on Monday obtained a copy of the private investigation involving three senior before Christmas and sent to the leaders of the group. The police are still only a mere reconstruction of verbal conclusions reached by this mysterious pharmacy.

Last Friday, Marc and Dominique Tixador Gevrey, two security officials the manufacturer, were heard as witnesses to verify certain aspects of the case. They had been entrusted to conduct discrete research after receiving an anonymous letter accusing the end of August, namely two frames.A source familiar with the matter said Monday Figaro they called a "foreign intermediary, based out of Europe" that was then "outsourced the job" for small hands to get a series of "information "in four months. Namely the discovery, for the modest sum of 50,000 euros, an alleged secret payments system of bribes bribes from big Chinese companies, through intermediaries in Shanghai, Hong Kong or the Isle of Malta, on accounts in Switzerland or Liechtenstein.

"About nuanced"

Under what conditions this "mechanical" rather sophisticated Was up? The hypothesis of a "Tricoche," that is to say, getting "tips" in dubious circumstances by public officials or employees unscrupulous rounding their monthly on behalf of pharmacies, do not appear rejected payday loans with no fax."The DCRI will take time and go to the end of this investigation," an official confided Monday, revealing that "everything that was done before the entrance ramp of cons-espionage has no legal value" . Clearly, only the police investigations will finally provide valid evidence and admissible in the proceedings.

For its part, the manufacturer maintains that, in this case, the information that led to the dismissal of three executives "were combined in a legal manner." Nuancing the words of Carlos Ghosn, who spoke on TF1 evidence of "multiple," a spokesman said the group had never claimed to "have evidence" but that "he had sent a number of elements to justice. " Relying on the findings thereof, the manufacturer does not implicitly have been a victim of manipulation.

For Pierre-Olivier Sur, the lawyer Michel Balthazar, statements by the CEO of Renault in the media on Sunday, show that his client "is de facto exonerated," as it was, by his position as director of " upstream projects and benefits "," keeper of secrets, or the complaint does not address these issues, "but the business model for electric cars.

According to sources familiar with the matter, defenders Michel Balthazard could seek the counsel for Renault he is with them in the complaint "for false report" filed by their client. This complaint was not, in fact, Renault, but the author of the anonymous letter that started it all.

Motorists asked to limit their movements

Repeated calls not to panic clearly not enough. Despite news of the government who wanted reassurance, the psychosis of the gasoline shortage is real. Two prefects, the Marne and the Ardennes, just brought out a call for directors to limit their "travel wherever possible."

After the long queues seen at the weekend many gas stations are now dry. According to the Union of independent petroleum importers, between 20 and 25% of the retail stations are dry. "Arguably, the 4000 retail stations which distributes 60% of fuel in France, there are some 1500 out of a product or completely dry," said Alexandre de Benoist, Chief Executive of UIP (retail).They are therefore between 12 and 15% of total stations and other large retailers who are in difficulties. As for independent distributors (about 3500 service stations located mostly in rural areas), it considers "the grave situation." Speaking of "shortage", the union asked the government to set up "immediately a system of equitable distribution (…) to ensure that all distribution channels, including self-employed, a minimal resource on available products."

"There are areas that are in a better position than others," said Alexandre de Benoist. The north is better lodged such as the West. "Brittany is a very worrying situation," he said. "All deposits of Britain currently faced a difficulty.Or they are blocked from the outside, or they are on strike (…), it causes a real supply disruption at the stations, "he added.

From the supply side, things do not seem s'amélorier. Several oil terminals and depots are blocked. General meetings held this afternoon in most metropolitan refineries. All are currently on strike. A strike that has already been extended until Wednesday through Friday in Feyzin Donges.

A crisis center

France began to dip into its industrial stocks, said on Monday an official of the International Energy Agency (IEA). Industrial stocks represent 30 days of consumption and add to the strategic stocks, which represent more than 90 days needs, the official said.

Several ministers were meeting at the Elysee Palace this morning around Nicolas Sarkozy. "We basically talked about the issues of fuel supply," said one of the ministers attending the meeting. When asked if the situation worried the government, it said: "We are attentive."

The French Ministry of the Interior, himself, announced the activation of Monday afternoon, "Inter-crisis center" to ensure "continuity of fuel supply" in the country.

The optimism persists

Despite this, Alexandre de Benoist, the IPU, said that "normally, the situation should improve now." As for petroleum, Jean-Louis Schilansky, president of the French Union of Petroleum Industries (Ufip) estimated Sunday night that "we went to a normal situation" in terms of supply of gas stations with fuel.Sunday there was "less than full anticipation" on the part of motorists, "the appeals to reason seem to have been heard," said his side a spokesman for Total. "A French made an average of one every three full weeks," he said, hoping that the panic settles once the French have made to fill their cars.

Interviewed by BFM Radio-Michel-Edouard Leclerc, CEO of the group of the same name, was more skeptical and has conditioned this improvement to a stop block. He said there was "less fuel" in its service stations, and "at the rate of supply current, it will be gone by the end of the week except if we find here is a solution to this conflict. " According to Mr.Leclerc, "fuel depots are taken hostage in a political conflict" where "it exploits the fuel," which resembles a poker game. "

On the government side, Prime Minister Francois Fillon, said last night on TF1: "I will not let the French economy choked by a blockade of fuel supplies." The government declared itself ready to "release the deposits" that oil would be blocked by protesters.

The map service stations out of fuel:

The map display can take a few minutes.

The census stations is based on the statements of internet carbeo.com

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