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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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Values ​​to follow on Wednesday at the Paris Bourse:

* BNP Paribas has announced a net profit halved in the fourth quarter, to 765 million euros, mainly because of a new provisioning on Greece and a significant contraction of its profits in corporate banking and investment because of the crisis in the euro area.

* PSA announced new savings and a comprehensive plan for asset sales, including a partial Gefco, to counter the group's financial position after a 2011 financial year marked by a relapse of re ; net result. 

* DANONE said address with confidence after 2012 achieved its growth targets for 2011 thanks to its good performance in emerging markets where the Group currently generates more than half of its sales.

* AREVA. The internal audit by the nuclear group on the controversial acquisition of the mining company Uramin concluded that a lack of governance and information but does not revealed information indicating the rumors of fraud.

* EADS – Tom Enders, the CEO of Airbus, said he had ordered an internal investigation into the cracks in the wings of the A380 superjumbo.

* M6 hearings on behalf of its flagship chain to pull out of the game in a context sensitive advertising that promises this year, said Chief Financial Officer Jerome LEFE ; bure. 

* PAGESJAUNES announced that its board would propose as an exceptional pass the dividend for 2011, after registering a decline in its revenues and profit margins last year.

* FINANCIAL VALUES – Finance ministers from the euro area agreed by phone to abandon plans to meet Wednesday on the Greek case, announced the president of the Eurogroup Jean-Claude Juncker, adding that another meeting would be held on February 20.

The European Central Bank (ECB) decided to redistribute the profits from its Greek bonds to member states of the euro area, which could then decide to lend to new exhibitions ties as part of an agreement on debt, said Luc Coene, a member of the Governing Council of the ECB. 

* INSURERS – China will implement a major reform of its financial sector which will open the Chinese market for car insurance, said U.S. Vice President Joe Biden.

* CYCLING – The first estimate of economic growth in the euro zone in the fourth quarter will be published at 11am, and the trade balance in the region. At 14:30, the Empire State index of February will be announced in the U.S. before the figures of industrial production in January to 15.15 and the NAHB housing index from February to 16h.

In France, the economy grew by 0.2% in the fourth quarter of 2011 compared to the previous three months, a figure higher than expected, according to the given ; are preliminary national accounts published by INSEE.

* Carrefour has filed with the AMF (AMF), through Credit Agricole Corporate and Investment Bank and Societe Generale, its proposed takeover of Guyenne and Gascogne. 

* BIC has forecast a restated operating margin of the group in 2012 "close to the record level reached in 2011" after last year's increase of 14.7% its net profit at 237.9 million euros. The group will propose an ordinary dividend of 2.20 euros per share (+15.8%) and a special dividend of 1.80 euro per share.

* BIOMERIEUX study confirmed the hypothesis of its strategic plan for 2015 but said that its outlook for 2012 were in line with the plan, which forecasts growth annual organic sales of 7 to 9% on average.

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.

The title Benetton was suspended Thursday in early trading on the Milan Stock Exchange after having risen sharply in early trade, while the Benetton family wants to buy out the minority to remove the group of ready-to-wear Italian coast. The action was set up from 19.7% to 4.85 euros, above the 4.60 euro proposed Wednesday by the family to carry out this operation. The price used represents a premium of 15.6% over the course of last Tuesday, the day the buyout of minority interests was announced. The rating action was suspended until the opening on Thursday.

Angela Merkel and Nicolas Sarkozy are considering the establishment of a Stability and Growth limited to a few countries in the euro area, the Welt am Sonntag reported on Sunday.

A new deal would avoid waiting for a treaty reform could drag on, the newspaper quoted German government sources.

German Chancellor and French President could unveil the next week this proposal as part of a plan against the debt crisis.

"Based on these measures," the newspaper, "there should be a majority in the European Central Bank for a more strong capital markets.

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 UK unemployment rate reached during the quarter its highest level for 15 years, while the number of unemployed young adults touched a record high, according to figures released Wednesday by the Office for National Statistics (ONS).

There were 129,000 additional unemployed within the meaning of the International Labour Office (ILO) for the three months to September, bringing the number of unemployed to 2,622,000, the highest level since the quarter July to September 1994.

The unemployment rate stood at 8.3% of the workforce. This is the highest rate since April-June 1996.

The number of unemployed youth has reached 1.016 million, bringing the unemployment rate in this category of 16-24 years, 21.9%.This is the first time the bar is exceeded one million young people since 1992 that such statistics exist.

The government, who are asked to boost growth, is limited in this way by its promise to reduce the budget deficit via an austerity plan that provides for the loss of 400,000 jobs in the public sector.

In this context, the Governor of the Bank of England Mervyn King should draw a portrait of the sluggish economy during the presentation of its quarterly report on inflation expected for 10:30 GMT.

Outgoing Prime Minister George Papandreou and the opposition leader Antonis Samaras reached an agreement Monday night on the name of the head the next coalition government. Without giving his identity. Greek Prime Minister George Papandreou will soon give way to the head of the country.

Outgoing Prime Minister George Papandreou and his conservative rival Antonis Samaras reached an agreement Monday night on the new leader of the coalition government they have committed themselves to form Sunday, said the public television channel Net. Without explicitly confirm this breakthrough, or provide details, the spokesman of the outgoing government, Ilias Mosialos, confirmed in a statement that the negotiations between the two parties had reached "positive approaches to the appointment of new Prime Minister."

According to Net, the name of the new prime minister will be made Tuesday, together with the composition of the new cabinet, expected to leave Greece for its serious economic and political crisis by ensuring, before early elections by the end February, the implementation of debt reduction plan in the euro area adopted in late October in Brussels. Discussions between the two main Greek parties have dragged on, despite the impatience of European partners who are tired of Greek procrastination.

"An agreement is delayed, it is not easy. Antonis Samaras and George Papandreou are in constant contact and try to find the necessary solutions," had said Monday night in a government source. "If necessary, it will last until tomorrow," she had said. Asked by Net, Conservative MP Harakopoulos Maximos for his part acknowledged "a problem" in the negotiations.

Wall Street is entering a crucial week that will allow investors to determine whether the U.S. stock markets are able to make it three and a further rise in weekly chain.

After its strongest rally recorded in two weeks and more than two years, the S & P 500 rises to a high of two months.This index, the most followed by fund managers, finished Friday above the 1220 points, a level it had not crossed since early August.

The fate of the New York stock market indices may depend on which will be published quarterly in quick succession this week, with the publications of third groups included in the Dow Jones.

In this list are Microsoft, American Express, Johnson & Johnson as well as Citigroup and Goldman Sachs will have to forget the disappointing trial results released last week by JPMorgan.

But investors will be especially the eyes of the figures for Chimene will be delivered by Apple after the death of its founder Steve Jobs and the launch of the fifth version of its iPhone, 4S.

"There are fundamental catalysts that could have a positive influence on the trend," said Richard Ross, Auerbach Grayson strategist at New York.

He said the S & P 500 "has the potential to go far beyond this level of resistance (1220 points) and quickly find the next level, between 1265 and 1275."

The spectacular rise in stock market indices from the lowest of 2011 took many investors by surprise and many traders and managers have tried to catch the train.

Last week, the Dow Jones took 4.9%, the S & P 500 6% and the Nasdaq 7.6%.

RESULTS IN SUPPORT

The estimated results and already published suggest an average growth of 12.4% of the profits of listed companies on the S & P 500, according to Thomson Reuters data.In July, growth was stood at 17%.

But groups such as Apple or IBM, whose shares have risen to historical highs Friday, should exceed the expectations and any positive surprise will fuel the rally.

"The prices will start to reflect more optimism," said Wasif Latif of USAA Investment Management.

"The groups with high growth, with expectations that surround them, must have a factor of 'wow'," adding that it was not impossible that the two groups still climbing.

Sign of easing tensions, the VIX index of volatility, sometimes referred to as a barometer of fear, fell over last week, closing Friday at a low not seen since Aug. 3.

While the proliferation of indicators and poor acceleration of the crisis of European sovereign debt had fueled the shift of indices, investors now seem to have chosen the side of optimism, encouraged by the activity responsible for the area euro.

These indicators, which appeared this summer also suggests a return to recession in the U.S. now seem less bad than some expected.

Deutsche Bank would need 9 billion euros in fresh capital to achieve a ratio of core tier 1 capital of 9% under the current stress tests of the European Union, told Reuters on Thursday two sources with knowledge of the calculations.

These sources indicate that the bank pass the tests if the required ratio was 7%.

Deutsche Bank declined to comment.Earlier in the morning, its chief executive Josef Ackermann said that the bank would do everything possible to avoid a forced recapitalization, noting that it had sufficient resources to prepare for a crisis.

European authorities began Wednesday to prepare the ground for a possible failure of Greece, announcing that they reassessed the market price sovereign debt held by banks in the EU as part of the recapitalization process in progress, while curing the 9% threshold due to equity "hard".