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The majority of the Greek people do not want to leave the euro, according to a survey published Sunday. Finance ministers of the euro area, they should endorse the new plan to rescue the country. Demonstration in Athens on Syntagma Square, October 19, 2011.

The Greeks are overwhelmingly in favor "of the European perspective" of their country, despite the austerity measures imposed by the EU and the IMF, which have raised new protests Sunday in Athens on the eve of a crucial meeting of the euro area.

Prime Minister Lucas Papademos went on Sunday night in Brussels Monday to participate in the meeting of finance ministers of the euro area, which is expected to endorse the second bailout of Greece, vital for the country risk that a bankruptcy next month, it was learned from European sources.  

While partners of Greece openly mention a departure from the country of the euro, only 19.6% of Greeks surveyed in a poll published Sunday by the newspaper Ethnos voted to return to the drachma, the national currency of the country before its accession to the eurozone in 2002. Three-quarters (75.9%) appear instead in favor "of the European perspective" of their country and two-thirds (66.5%) want the sanitation program dictated by the EU and IMF succeed. The publication of this survey comes after a week of racing against the clock to the Greek government, under intense pressure from Europe, finalized new austerity measures in Budget 2012, one of the preconditions for the outbreak of the second plan Rescue.

The plan includes an international loan of 130 billion euros and a restructuring plan and erasing debt. It is vital for Greece, threatened to default on March 20, at maturity of an obligation of 14.5 billion euros. But the drastic measures of rigor with it have led to new protests Sunday in Athens before Parliament where about 3,000 people participated in two different rallies, one in late morning to call the union and the second in 'afternoon organized by the radical left. Previous demonstrations of a week ago had been marred by violence.

The banners criticizing the wage cuts, especially the 22% decrease in the minimum wage (currently 740 euros), adopted by the coalition government the right (New Democracy) and the Socialists (PASOK). "The national consensus is a scam, poverty and hunger have no nationality" stated a banner subtitled in English: "All of us we are Greeks, Merkel and Sarkozy are freaks" (we are all Greeks, Sarkozy and Merkel are monsters). But while the survey found eight out of ten Ethnos assign responsibility for the situation of the country "to the Greek governments" and only 6.1% "to the Europeans and the IMF," some demonstrators expressed an awareness of changes considered necessary for the country.

New pension cuts

Phevos and Iliopoulos, consultant, said the measures "have a profound impact on how society functions." But he said "if the Greeks are finding ways to improve the way they work, then there is no doubt that they will be able to move and they will turn this dark page in their history." His comments echo those of the European Commissioner Viviane Reding Justice that Greece should stop looking for "scapegoats" abroad to explain his own problems and work harder to rebuild their state and get out of his disastrous economic situation. "I am hopeful that (finance ministers) reach agreement on the (rescue). But with certain conditions. Money should not be poured into a bottomless pit, "said the European official Austrian newspaper Kurier

. Saturday, the Greek Cabinet approved further cuts in pensions and additional principal to fill a hole of 325 million euros in the 2012 budget, as required by the EU and the IMF. A bill on the subject to be debated in parliament next week, the main pension exceeding 1,300 euros per month will be reduced by 12%. "There is optimism in that everything we asked for was done and the troika (EU-ECB-IMF), the 'approved', ruled Saturday the government spokesman Pantelis Kapsis. But he acknowledged that "the discussion would be very difficult because there are several opinions". "Last round for the agreement," warned his side on Sunday liberal newspaper Kathimerini

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Tens of thousands of protesters gathered Sunday around the Greek Parliament and some clashed with police a few hours of the vote by MPs on a bill consisting of austerity measures such drastic and unpopular required by the EU and the IMF in exchange for a new rescue plan.

Greek Prime Minister of Greece Lucas Papademos warned against the "economic chaos" in case of rejection, while Germany has warned that Greece should stop being a "well bottomless "`.

After three days of tension and political threats, Parliament began shortly after 14:00 (12:00 GMT) to examine the bill to save 3.3 billion euros thanks to lower wages, pensions and job cuts public. 

The vote must take place before midnight (2200 GMT), said the finance minister, Evangelos Venizelos, "because on Monday morning, the banking and financial markets should have received the message that Greece can and will survive. "

"If the law is not adopted, the country will go bankrupt," warned the Minister that a Communist deputy threw the pages of the bill on the floor of the Assembly.

About twenty members of the coalition of Lucas Papademos have threatened in recent days to vote against the text and six government members submitted their resignations, but the Prime Minister will still theoretically supported by a large majority.

But the Greek population does not intend to accept the new austerity measures without saying anything. 

"The Greek people RAISE"

Tens of thousands of people gathered in the afternoon around Parliament to lobby MPs, the largest mobilization for months.

"Enough is enough!" Exclaimed Manolis Glezos, 89, a veteran of the extreme left.

"They have no idea what it means to an uprising of the Greek people. And the Greek people, ideas all political persuasions, is beginning to lift, "said the hero of the resistance to the Nazis during World War II

.

"annihilation These measures will not go", he further promised, mouth covered by a mask to protect themselves from tear gas fired by police to de pledge Syntagma Square, Parliament

. Some protesters responded by throwing stones and Molotov cocktails at police ….. At least fourteen

…. protesters injured were taken to hospital, police said, and about fifty others treated on site , mostly for choking. At least eight policemen were also injured.

"There is tear gas into the interior of the Assembly," said an MP, Panagiotis Lafazanis.

The new austerity plan is the price to pay for the release of an aid program of 130 billion euros from the EU and the IMF – the second since 2010.

Greece has to touch the money before March 20 to repay a state loan of 14.5 billion euros.

"Bottomless well"

Germany has turned up the heat a notch Sunday warning that Europe expected actions and not words.

"The promises of Greece are no longer sufficient for us," warned the German finance minister, Wolfgang Schäuble. 

Referring to the new austerity plan in which the Greek deputies must vote this Sunday, the minister said in an interview published by the Welt am Sonntag that the previous did not e ; tee implemented in their entirety.

Wolfgang Schäuble said that the Germans are largely in favor of an international aid to Greece. "But it's important to say that it can be a bottomless pit. This is why the Greeks will finally have to clog the well. Then we can put something. At least people are now beginning to realize that it will not work with a bottomless pit.

"Greece must do its homework to become competitive, it requires a new rescue plan or some other way that we do not want to (…)" he says referring to an output the euro area.

Asked if such an outcome is possible, Wolfgang Schäuble responds: "Everything is in the hands of the Greeks themselves. But even in that event, on which no table, they remain an integral part of Europe ".

"We are pleased to offer our assistance, but we should not give others the impression that they have not done enough. Each state is responsible for itself," explains he said.

Hermèsa saw its sales climb 18.3% in 2011 and has said it expects a large increase in margin for the current year.

Sales of luxury group reached 2.84 billion euros last year, higher than the consensus Thomson Reuters I / B / E / S, which was 2.81 billion.

The maker of Kelly bags and silk scarves in a financial notice indicates that the operating margin should exceed 30% of sales in 2011.

Profitability is expected to reach a new record, after 27.8% in 2010.

The saddler, in which LVMH acquired a stake of 22.3%, said it had operated in the fourth quarter share repurchases totaling 54,926 shares for $ 12.7 million, bringing 1.3 million shares repurchased in 2011 to 286.0 million euros. 

With these figures, Hermes will pay its shareholders an interim dividend of 1.5 euro per share, paid on March 1.

In exchange, with a floating reduced to less than 4%, changing the title at the option of more speculation than on fundamentals of the group. He finished at 263.00 euros Wednesday, signing up 14% since early January, for a market capitalization of 28.4 billion euros.

BP took advantage Tuesday of the publication of a quarterly profit in line with expectations that it was preparing to fight "vigorously" complaints related to oil spill Spring 2010 in the Gulf of Mexico, which will begin to be heard at the end of the month.

Bob Dudley, chief executive of the British oil company, said that BP was ready to settle amicably "based on fair terms and reasonable "the 600 lawsuits filed against him by individuals and the Federal government.

The hearings is scheduled Feb. 27 in New Orleans. 

BP, Europe's number two oil in terms of market capitalization, has raised $ 1.8 billion, 43 billion (33 billion euros), the cost of cleaning of the worst oil spill off the U.S..

BP, which said it was almost done cleaning, added that the contributions of its partners involved in the disaster it would end in 2012, one year earlier than expected, payments to a compensation fund of $ 20 billion.

The explosion of the drilling platform Deepwater Horizon, April 20, 2010, was 11 dead and dumped more than four million barrels of oil. 

BP also said it raised its quarterly dividend by one cent, bringing it to eight hundred in favor of strong cash flow generated by the rise in Gross.

"This is a positive sign of confidence in the improved operating performance," said Tony Shepard, analyst specializing in oil at Charles Stanley.

Around 24:50 GMT, BP lost over 1% to 483.8 pence, while the index grouping the values ​​of European oil yielded 0.6%.

For the fourth quarter 2011, BP reported a profit at replacement cost of 7.606 billion dollars, a figure boosted by a contribution of four billion Anadarko linked the oil spill, against 4.614 billion a year earlier. 

Excluding items, the quarterly result was up 14% to $ 4.99 billion, compared with 4.89 billion expected by the market according to Thomson Reuters consensus I / B / E / S.

Royal Dutch Shell announced last week a 18% increase in quarterly profit and ExxonMobil adjusted up 2%.

Investors continue to play it safe Friday in anticipation of monthly U.S. employment. European stock exchanges are small increase after opening slightly lower in the wake of the fence undecided on Wall Street, while the Tokyo Stock Exchange ended in decline after three sessions of consecutive increases.

The CAC 40, FTSE 100 and Dax earn around 0.5% each.

Economists expect 150,000 new jobs in January after the U.S. 200,000 in December and the unemployment rate unchanged at 8.5%.

Confirmation of a return in the expansion zone PMI services in the euro zone supports the trend in equity markets. The UK data in this area are already very encouraging. Some investors say the euro area will fall ultimately not in recession.

In the Greek case where we waited for a decision Monday, the European Central Bank (ECB) is studying how to contribute to the bailout of Greece and Athens could return to profit perc us on Greek bonds it holds, by circumventing the prohibition on direct funding of States.

"For now, the anticipation of abundant liquidity in the coming weeks (thank you central banks!) Maintains positive momentum for equities. (…) The CAC 40 is testing the resistance of 3,400 points and long-term moving average to 200 scholarships. The trend remains positive as the index evolves over its oblique upward, "said Franklin Pichard, Barclays Bourse France.

VOLVO earns 1.8%. The Swedish manufacturer of heavy trucks has yet reported an operating profit below expectations for the fourth quarter of 2011.

BT wins 3.4% after the announcement by the British telecoms operator of a result up under its third fiscal quarter despite a decline in billings.

LVMH lost 0.32%, a victim of profit taking after the publication of its 2011 results.

In Tokyo, Sony has awarded more than 8% to 1,435 yen. Investors welcomed the appointment of a new CEO, despite a loss in profit forecast.

The euro has risen more frank in the early morning, well installed above $ 1.31 and approaching $ 1.32 in anticipation of employment figures States United.

Investors are undecided before the employment figures USD.

Oil prices are supported by rumors of Israeli raid on Iran and the threat of retaliation wielded by the Supreme Leader of Islamic Revolution, Ayatollah Ali Khamenei, in the face ; the oil embargo "in time". and

On 14 November, it had fallen to historic low of 317.90 per euro.

Bond yields, already at a high of two and a half years more than 8% should also be under pressure.

To justify its decision, Moody's described the growing uncertainties about the ability of Hungary to achieve its budgetary targets, the high debt levels and what the rating agency designated as growth prospects in the medium term more mixed.

The Hungarian Ministry of Economy said in a statement that the lowering of the Hungarian sovereign rating to Ba1 by Moody's was part of "financial attacks directed against Hungary."

The UMP, which is now called the "party of the rights and duties", proposes a cap on income-tested benefits, to encourage the RECIPIENT of the RSA to work and to decreasing unemployment benefits. A strategy to capture the voices of lower-middle class. Decryption. The UMP held Tuesday, November 22 its first national convention in Lambeth (North). "We give the kick off of our presidential campaign," he told the Secretary General of the UMP, Jean-Francois Cope.

Tuesday night was held the first of three national conventions of the UMP, which must deliver the program of the presidential party in 2012. This meeting was devoted to economic and social. On the menu include: the end of 35 hours and the introduction of a social VAT renamed "anti-offshoring tax." Above all, the fight against assistantship.

The private owners of Greek sovereign debt have formed a committee of creditors in the hope to start as soon as possible discussions on the implementation of a 50% discount on Greek paper, said Thursday Charles Dallara, President of the Institute of International Finance (IIF).

The owner of this association, which represented the banks in the negotiations on a new aid to Greece, said he expected the discussions to a conclusion within a few weeks.

In late October, leaders of the euro area reached an agreement on a 50% discount on the shares of Greek debt and a new tranche of 130 billion euros.

In the previous agreement of July 21, this discount was only 21%.Charles Dallara said the figure of 50% was "final".

The government crisis Lucas Papademos has passed Wednesday without a surprise first hurdle in getting the trust of the Greek Parliament but dissension arose in the coalition could complicate the implementation of reforms to save the country from bankruptcy.

The lessor of aircraft Kuwaiti ALAFCO has increased to 50 copies, $ 4.6 billion (3.4 billion), its order for Airbus A320neo at the Dubai Airshow.

The group had signed a memorandum of agreement for 30 aircraft at the Paris Air Show in June.

The president of ALAFCO Ahmed Al Zabin said not to be particularly concerned about the potential impact of economic turmoil in Europe on demand for aircraft, including the Middle East.

"We talk about the long term, what is happening right now on the short term," he said at a news conference.

The New York Stock Exchange opened sharply down Tuesday, announcing a referendum on the agreement of the Greek bailout of the country that created a shock and sealed all the world markets, particularly the financial sector.

In early trade, the Dow Jones lost 2.15% to 1.1711,20 points. The Standard & Poor's, larger yield 2.46% to 1221.38 points while the Nasdaq Composite was down 2.52% to 2616.69 points.

Morgan Stanley fall of 9.4% and Bank of American 4.8%, while the index of the CBOE Vix volatility flies over 19% to 35.70.