The count-down continues until the board of Dexia

Discussions on the future of Dexia continued Saturday in Brussels and Paris to an agreement on the orderly dismantling of the Franco-Belgian bank, the first victim of the European debt crisis.
Originally scheduled for Saturday afternoon, a decisive meeting of the board of the group was delayed until Sunday to give negotiators more time. [...]

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Holland Aubry credible on the economy

60% of the French trust the member for Corrèze to boost growth and reduce debt, as against 22% for the mayor of Lille, according to a survey. François Hollande and Martine Aubry in the Summer of PS in La Rochelle (August 2011)
François Hollande is widely considered more credible than its rival in the primary [...]

Papandreou Sarkozy would meet Friday

Greek Prime Minister would meet with French President to discuss the plan to end the crisis in the euro area. Greek Prime Minister George Papandreou at the EU summit of June 23, 2011.
Greek Prime Minister George Papandreou would meet with French President Nicolas Sarkozy in Paris on Friday to discuss the plan to end [...]

Obama presents his plan to reduce the deficit

The U.S. president announced Monday new measures savings of $ 3 trillion dollars over ten years. They include the creation of a tax on the rich millionaires. President Barack Obama has presented new cost-saving measures to reduce the deficit Monday, September 19 in the Rose Garden of the White House.
President Barack Obama said Monday, [...]

The CAC 40 is testing the 3,000 points again

The CAC 40 index again tested the 3,000 points in early trading Tuesday.
At 9:33, the CAC 40 is 0.16% to 3004.63 points after passing briefly under the psychological barrier of 3,000 points.

Helsinki still requires collateral to help Athens

Finland would be irresponsible if it did not require collateral in exchange for his aid to Greece, said Friday its finance minister, Jutta Urpilainen.
"It would be completely irresponsible for the government. That's why it will not happen. The Social Democrats will not give up," she said at a gathering of the Social Democratic [...]

BofA sells its credit cards in Europe and Canada

Bank of America announced Monday the sale of its credit cards in Britain, Ireland and Canada.
In Canada, the U.S. bank has an agreement with TD Bank Group on a portfolio of $ 8.6 billion, according to a statement released Monday, however, reveals that the amount of the transaction.
TD Group said it [...]

Spanish growth slows, Italy should follow

Growth slowed in the second quarter in Spain and the Italian economy should suffer the same fate in the months to come, say economists after the publication of preliminary figures of Gross Domestic Product (GDP) in the two countries Friday.
The torpor of the activity in Italy and Spain, third and fourth economies in [...]

PPR submit the record sale of Redcats bankers

PPR has submitted its subsidiary Redcats distance selling several big banks in anticipation of a sale in the second half of 2011 which it expects about 2 billion euros, reported Friday the newspaper Les Echos.
A meeting to present the activity took place last Tuesday in the presence of most major banks could finance [...]

Draghi named president of the ECB

The Governor of the Bank of Italy was officially named Friday next president of the institution in Frankfurt by the European leaders. Mario Draghi
Italy's Mario Draghi was officially named Friday next president of the European Central Bank (ECB) by European leaders, said the EU president Herman Van Rompuy on his Twitter account.
The [...]