The euro area may have to pay 145 billion to Greece

Governments in the euro area may have to bring up to 145 billion euros of public funding to Greece under the second plan to help the countries under consideration, said Friday several European sources.
These funds would supplement the effort to prepare to make private creditors of Athens by accepting a discount of at [...]

Justice condemns the free Google Maps for Enterprise

The Commercial Court of Paris condemned Google for abuse of dominance at the expense of the French company directory mapping who accused him of offering free services to integrate maps on websites. Google Maps, widescreen version.
While the antitrust authorities in Brussels and the United of States have launched investigations into possible abuse of dominant [...]

The French car market resumed its decline in November after a slight rebound in the previous month, the disappearance of the delayed effects of scrappage scheme imposed in particular on sales of small cars.
The new car registrations fell 7.6% last month to 179,160 units, show statistics released Thursday by the Committee of French [...]

Default, return to the drachma, massive devaluation, hyperinflation, recession … out of the euro would lead the Greek economy to disaster. Demonstration. Of "indignation" burn Greek euro banknotes to the Bank of Greece in Athens, October 17, 2011
The euro area, you love it or leave it. This was essentially the message from Nicolas Sarkozy [...]

Short-Renault and PSA to adjust stock

Renault and PSA Peugeot Citroën will enjoy the holidays from November to introduce measures of partial unemployment in many of their factories so they say, to sell some of their stocks.
The two French car manufacturers have made inventory management a priority in order to avoid ending up in case of weaker demand in [...]

Bank recapitalization will include 46 billion already promised

The 110 million euros, with European banks may need to strengthen their capital should include some 46 billion already pledged to Ireland, Greece and Portugal to their credit, officials said Sunday from European sources.
At a meeting of European finance ministers on Saturday, the president of the new European Banking Authority (BEA) said the [...]

Slight decrease in the trade deficit the United States in August

The trade deficit of the United States declined slightly in August, show figures released Thursday by the Commerce Department.
The trade balance posted a deficit of 45.61 billion dollars, while the market was expecting a hole of 45.8 billion.
In July, the deficit eventually amounted to 45.63 billion (44.81 billion in the first [...]

Support for Dexia not a risk to the French note, according to Fitch

The cost of support for Dexia is not insignificant for Belgium, but France, this bailout is not in itself a significant risk to his notes because of its low exposure to the Franco-Belgian bank, said Monday a Fitch analyst told Reuters.
"The cost of support for the Belgian Dexia is not insignificant, and highlights [...]

European shares continue to rebound in close

European shares continued their rebound Thursday started the day before, the European Central Bank (ECB) has as expected left rates unchanged and said it would provide liquidity to banks to longer term to avoid a new drying ("credit crunch" ).
For the presidency of the last Board of Governors of the ECB, Jean-Claude Trichet, [...]

Oil prices end down sharply because of Greece

Brent crude closed Monday at 101.71 dollars a barrel, down $ 1.05, or 1.02%, against a backdrop of rising dollar against the euro and concerns about the crisis European debt.
This is the lowest closing price of Brent in seven and a half months.
Shortly before, a barrel of U.S. light crude had [...]