Autolib in battle with 66 gray Bluecar - September 30, 2011

The Parisians discover Sunday the 66 first electric cars from car-sharing service Ile Autolib first step in deploying a device designed to revolutionize the way around town.

After two months of life test, the service given to the Bolloré Group will be officially launched on 1 December, two months later than in the original schedule.It then gradually rise to power, with 250 cars and 250 terminals by the end of the year and hosts more than 1,100 stations located in Paris 3000 vehicles in 45 cities and inner suburbs of Paris by the end of 2012.

"We want to convince people to move from concept consisting of owning a car, than to merely use one," he told Reuters Morald Chibout, CEO of Autolib.

The "Bluecar" made in Italy with Pininfarina – and that has more blue than the name because it will be offered to the public in its original aluminum – has a range of 250 km for a recharge time of approximately four hours.But the average use should be less than one hour and distance traveled generally be counted in only a few kilometers.

The formulas are also proposed to encourage short trips: in three packages (annual 144 euros, 15 euros weekly and daily ten euros) will be added on the rent at a rate of five to seven euros the first half-hour, four to six euros, but the second the following six to eight.

This Valentine's, thirties and a mother of two children, the typical future user Autolib.Headquartered in the heart of Paris, it does not own a car but needs time to time a vehicle for short trips.

"It will, however, that the service is fast and simple, otherwise people will not use it," she warns.

PARI ALTERNATIVE LITHIUM-ION

As with Vélib, the user can leave the car at a station different from the start. But unlike the self-service bicycles, the user is left to itself, the Bolloré Group will recruit for 1500 Autolib "ambassadors" in charge of assisting users in the stations and maintain vehicles.These costs represent the bulk of operating costs estimated at 100 million euros a year.

"We believe that from the seventh year, it will be profitable, and an industrial group like ours has a habit of having returns after six or seven years," Vincent told the press Bolloré Group CEO, on the sidelines of a presentation service Vaucresson (Hauts-de-Seine), seat of the PC that will permanently movements Bluecar "

The industrial added qu'Autolib Breton would benefit from 80,000 subscribers.

With a public contribution of € 50,000 per station, the investment for the City of Paris amounts to 35 million euros.The operator will also pay an annual fee of 750 euros per parking space equipped with a charging station. In return, he will collect the full subscription and rental revenue.

First for a system of self-service car of this size, Autolib is also a showcase for the batteries manufactured in Bolloré Britain in the great battle of the electric vehicle ahead.Unlike all other manufacturers who have chosen lithium-ion Bluecar works with a technology radically different battery solid lithium-metal-polymer derived from the historical experience of the Bolloré group in the capacitors.

The daily use of cars could be used to separate the two systems, between the lithium-ion more efficient but more fragile, and the LMP less sensitive to temperature variations.

Touted as a revolution in the automotive, electric vehicles is still largely absent from our streets and our roads, but 2012 could change all that with the proliferation of charging systems on public roads or in parking lots and Arrival of models who do not settle for a limited distribution.

Peugeot and Citroen to Ion CZéro PSA and Nissan Leaf will be added one after the Renault Kangoo electric mode in October, the Fluence sedan in November and quadricycle Twizy in December, before the arrival of Zoe , in the central device "zero emissions" the group's diamond in the fall of 2012.

The rescue of the Euro may bounce Merkel - September 29, 2011

Angela Merkel is not assured of the support Thursday of every member of his majority in the vote on enlargement of the European financial stability. Eventually, the disagreements of the German right could bring down Merkel. German Chancellor Angela Merkel (here in Berlin in March 2011)

Like its French counterpart, the German government is on the verge of a nervous breakdown. But not for the same reasons. Thursday, September 29, members of the Bundestag should indeed decide on the expansion of resources and powers of the European financial stability. But this parliamentary ratification, which is passed as a letter mailed on September 8 in the National Assembly, is turning to the government crisis in Germany.Indeed, the Chancellor of more and more difficult to admit to his troops that the exponential growth of the financial commitment of Germany is the right remedy to save the euro area.

The majority of Merkel in danger

The opposition Social Democratic and Green has announced that it would vote in favor of this expansion, advocated by Angela Merkel, the positive outcome of the vote tomorrow no doubt. In contrast, the German Chancellor is not ensured that all members of his majority will support it. Placed with an absolute majority of 311 votes and a government camp of 330 MPs, the Chancellor can afford 19 defections. However, in a simulated voting conducted Tuesday morning by the conservative group, 13 members refused to support the text (11 against and 2 abstentions).The result has triggered a panic because we know that a number of Liberal MPs, at least two, preparing to vote against enlargement. Even if Merkel does not consider tomorrow's vote as a vote of confidence, the failure to unite under its banner all its troops, greatly weaken its power and policy space. This would also strengthen the camp of the opponents of the European program of rescue of Greece and the euro zone set, which already furbished to its weapons of votes to be held in the coming months (second aid to Greece in October 2011 and ratification Mechanism of the European Financial Stability in 2012).

A battle beyond the partisan logic

How to save Greece and the euro area? Two opposing camps on this issue.On the one hand the supporters of a response that requires an enhanced European integration, and therefore a financial risk-sharing. On the other, the advocates of respect for economic laws which, even if they do not always admit it, only the bankruptcy of Greece can help resolve the situation. "The first camp believes that the bankruptcy of Greece or leaving the Euro would cause a chain reaction that could lead to the breakup of the euro area, why not even the European Union in its current scope.Those, that is to say, Angela Merkel, a part of the Right but also labor, big bosses, the SPD and the Greens are in favor of a European rescue but also the creation of a European economic government, "said Thomas Hanke, director of the section Ideas and Debates of the Handelsblatt, the first German economic daily.

The second camp, the opponents, brings together a number of economists and academics already skeptical during the creation of the euro, the world of SMEs, particularly furious against banks and international finance and a still small but growing number of members of the majority.Member of the latter camp, the economist Hans Werner Sinn, president of the influential Institute of Economic Research in Munich (IFO), estimated that the current financial crisis is a "poker game between Western capitalists and Germany, a game where it is above all question of who will bear the junk bonds of the countries of southern Europe. " For Mr. Sinn, who spares no effort to criticize the European Merkel and her great financier Wolfgang Schäuble, Germany, taking part in the bailout of the European Union, is taking on his shoulders financial risk "barely controllable" and to sacrifice its solvency.

A member who can blow Merkel

Angela Merkel, the psychodrama experience in recent days, however, is nothing compared to what awaits if the Liberal Frank Schäffler has its way.With his hair cut very neat, thin glasses and his tie knotted impeccably, M. Schäffler is not a revolutionary. But this middle-aged native of Westphalia is on track to blow up the government of Angela Merkel. Not known until 2010, when it scandalized by offering the sale of the Greek islands. For Liberal pure juice, rescue scenarios of Greece and the Euro being hatched are simply unacceptable.

"He who takes risks must also bear responsibility. It is a basic principle of market economy. It is not good that states negligent and that private investors are betting more and more about the fact that if things go wrong, it will save them well, "said he. After being the only member of the FDP voted against the first aid to Greece, he founded the movement "Renewal liberal" who wants to help his party regain the FDP liberal roots.Eleven members have followed. It's little, but his voice begins to wear.

Today, Frank Schäffler will do everything to prevent that from becoming EFSF in 2012/2013, in a permanent structure called the European Stability Mechanism (SPM). In early September, it has launched a petition for the holding of a referendum within his party. Since then, the affluent and the signatures for this referendum is no longer in doubt. if the position of M. Schäffler prevails, ministers and MPs of the Liberal party will be required to block the European commitments made by their own government. In short, they help block the German and disown Angela Merkel. This will have a hard time to stay in power and avoid the calling of early elections.

BAE Systems will eliminate 3,000 jobs in Britain - September 27, 2011

Britain's BAE Systems said Tuesday it would cut 3,000 jobs in the UK as a result of the decline in orders received for its combat aircraft, resulting from the contraction in defense spending in many countries.

The first British manufacturing group said in a statement that the four Eurofighter partner countries – UK, Germany, Spain and Italy – slowed the rate of production of Typhoon fighter in order to allocate costs in the longer term.

This process reduces the workload on the different production sites, said the group, which continues to seek opportunities for the European combat aircraft to India, Japan, Oman and Malaysia.

Most of the job cuts will involve plants Warton, Lancashire and Brough, East Yorkshire.

BAE Systems, which has already eliminated about 15,000 jobs worldwide over the past two years, announced in July a decrease in pre-tax profits in the first half.

The decline in military spending in the U.S. also implies a spreading of the production of F-35 fighter, which is associated with BAE Systems.

The largest union within the group, Unite, has promised to do everything possible to mitigate the impact of the decision by BAE Systems, while calling the Department of Defense to act to preserve the area.

ECB expected to weigh more to resolve the debt crisis - September 25, 2011

Europe has once again been called to beef up Sunday its response to the debt crisis that afflicts him, asking the International Monetary Fund including more action from the European Central Bank.

According to the IMF, the ECB is indeed the only player strong enough to "scare" the financial markets.

Germany, like many senior officials of the ECB itself, however, did not want to see the institution in Frankfurt to become more involved in supporting Greece and other countries in need.

But after the plunge of the markets related to fears of contagion from the crisis in Greece, the pressure becomes very strong European policy makers.

"The ECB is the only agent capable of scaring the markets," said Antonio Borges, head of Europe at the IMF, the bringing together of global economic and financial leaders in Washington.

Executive Director of the IMF, Christine Lagarde, was to meet in the afternoon of Sunday (ET U.S.) the Greek finance minister, Evangelos Venizelos.

The latter acknowledged Sunday that the weakness of the Greek administration had complicated the country's efforts and assured that his government would take steps to meet the expectations of creditors.

"Doing whatever is necessary to fulfill our obligations to our partners, the euro area and the IMF: that is the final and irrevocable decision of Greece," he said.

"Greece feels the international uncertainty, but Greece is the scapegoat or the euro area, or the global economy. Greece is and will always be a member of the European Union and the euro area" , he added.

ENGAGING THE ECB?

The EU and the IMF have already come to the aid of Greece, but also Ireland and Portugal.The authorities want to avoid that Italy and Spain have, in turn, need help.

In the opinion of Antonio Borges, it is essential to combine the firepower of the ECB to that of the European financial stability, with $ 440 billion and responsible for paying aid to countries in need.

But many European officials opposed this solution.

"An avalanche of new proposals every week, it is of no help," and swept Ewald Nowotny, a member of the Executive Board of the ECB.

The markets fear a spread of the Greek crisis.According to estimates by financial analysts, 2,000 billion at least are necessary to protect the EFSF Italy and Spain in this case.

According to European Commissioner for Economic and Monetary Affairs, Olli Rehn, market attention will be focused on the use of existing means of EFSF when European states have approved the development of its capabilities.

"We must find a mechanism whereby every dollar placed in the EFSF would be multiplied by five, but no decision has yet been made on how to achieve it," said another European official, who wished not to be named.

AMERICAN MODEL

For its part, the Director General of EFSF, Klaus Regling, felt it would probably not be a need for the ECB to contribute.

"There are serious concerns about the compatibility with the ECB, because it might not be in accordance with its prohibition of funding markets.So I think it is very unlikely that this takes place, "he said.

A senior official of the ECB for its part said that Europe could follow the example of the United States, who had rewritten their rules during the financial crisis of 2007-2009.

Lorenzo Bini Smaghi, a member of the Executive Board of the ECB has raised the possibility of a European equivalent to the TARP, which had bailed out the banking system, or TALF, who had injected liquidity on the credit market dried up completely.

"I think these two scenarios can be followed and that these two options can solve the problem," he said.

But despite signs that Europe is preparing to act, some doubt that his speech is rather fast or ambitious enough to calm markets.

"The risk is that markets are disappointed by the lack of new specific commitments by countries in the euro area," responded the Swedish Finance Minister Anders Borg.

"Obviously they want to build a bulkhead, but it will take time before we see the necessary decisions fall into place."

On Saturday, the U.S. treasury secretary, Timothy Geithner, the ECB had called to place themselves at the forefront of the fight against crisis.

"The threat of cascading defaults, massive bank withdrawals and spontaneous, a catastrophic risk, all this must be rejected", he had hoped.

The governor of the Brazilian Central Bank has agreed with its meaning.

"The Brazilian experience with the crises of the past suggests that we must deal with problems quickly and consistently. The longer we wait, the longer the risk of contagion and the cost increases," said Alexandre Tombini.

"We must act with ruthless force."

G20 pledges to support banks and growth - September 23, 2011

Finance ministers and central bankers of the G20 countries, meeting Thursday in Washington, pledged in a statement to prevent the debt crisis in the euro area would undermine banks and financial markets, but they have not announced new measures to reinforce confidence in the global economy.

"We will take all necessary measures to preserve the stability of banking systems and financial markets, as appropriate," reads the statement issued after the dinner of the ministers and central bankers devoted to much of the debt crisis in Europe.

"We act decisively to maintain financial stability, restore confidence and sustain growth," reads well.

Several European banks have seen the share price drop and their financing costs rise, as investors worried about their exposure to debt of Greece and other European countries heavily indebted.

World stock markets fell Thursday to their lowest level in 13 months, facing the risk of another recession in the United States and because of Chinese economic statistics disappointing.

The ministers and central bankers gathered in the U.S. capital before the general meetings of the World Bank and IMF.

Sign that the euro area could seek to strengthen its disaster relief fund, the G20 communiqué indicates that members of the euro area "will be implemented by our next meeting (Note in October) the necessary measures to increase the flexibility of the European financial stability and maximize its impact to prevent contagion. "

Asian stock markets down sharply

The G20 also states in its press release that "We will ensure that banks have adequate capital and adequate access to funding to address current risks (…)".

"Central banks will continue to stand ready to provide the necessary liquidity to banks," then we read in the press release.

Illustrating the growing role of the BRIC countries (Brazil, Russia, India and China) in the world, the director of China's central bank, Zhou Xiaochuan, said the economies of emerging countries should boost their demand to compensate part of the slump caused by the economic slowdown in the U.S. and Europe.

"In the current crisis period, domestic demand in each economy is important and we must find ways to increase domestic demand for our economy," he said.

Asian markets were driven down significantly on Friday. Around 3:50, the Hang Seng Index of Hong Kong Stock Exchange yielded 1.60%, the Seoul Stock Exchange 3.79% and 2.80% in Taipei.The financial center of Tokyo was closed for holiday. Thursday night, Wall Street had closed in very sharp decline, the Dow ended down 3.5% and the Nasdaq Composite 3.25%.

At the Paris Bourse, the CAC 40 was closed Thursday falling 5.25%.

EasyJet raised its annual profit forecast - September 22, 2011

The British low-cost airline easyJet said Thursday it raised its forecast for annual profit in light of the increasing number of business passengers on its flights, while reports of a special dividend to its shareholders.

Not surprisingly, these statements are easyJet jump title at the London Stock Exchange.By 10:45 GMT, he won 7.05% to 334 pence while the index grouping the values ​​of travel and air transport in Europe is losing more than 3% in a new rout in equity markets.

"Our performance continues to be strong (…) As a result, the Board now expects taxable income for the year ending September 30, 2011 between 240 and 250 million pounds, against a previous estimate of 200 to 230 million, "he told reporters Carolyn McCall, CEO of easyJet.

So far, the Thomson Reuters consensus I / B / E / S was a pretax profit of 208 million pounds.

The airline also said it would pay a dividend of 9 pence per share for the year plus a special dividend of 35 pence decided in the name of good business performance.

And it will pay a total of 190 million pounds in dividends.

The Government would prepare a super bank for SMEs - September 20, 2011

The French government is finalizing a proposed super-owned bank to finance small and medium enterprises through the merger of CDC Entreprises, banking and specialized Oseo Strategic Investment Fund, reports La Tribune to be published Wednesday.

"The principle that guided the development of this project is simple: even if public facilities are already working together on specific topics, the effectiveness of their operation can be improved if they are united under a common banner," the newspaper without citing sources.

"With the combination of competence, this unique structure, a kind of super small business bank, will offer complete solutions in corporate finance," he adds.

He writes that these solutions should enable the Executive to achieve one of its priority objectives: "to promote the transfer of SMEs in medium-sized companies (ETI), that is to say, build a web of companies firepower, including financial, comparable to the coveted German Mittlestand ".

No one could be attached to the Ministry of Economy to comment on this information.

Airbus expects demand for 27,800 aircraft over 20 years - September 19, 2011

Airbus estimates that the demand for commercial aircraft will reach more than 27,800 aircraft over the next 20 years, driven by an expanding market.

The latest market forecasts at Airbus (GMF – Global Market Forecast), more than 26,900 devices will be passenger aircraft (over 100 seats) and over 900 cargo planes are new, all for a total value of 3,500 billion.

The worldwide fleet of passenger aircraft will more than doubled in 2030, rising to 31,500 units, against 15,000 today.

Of this total, some 27,800 copies will be new aircraft, which will replace the 10,500 older aircraft, the less "eco-efficient."

From the geographical point of view, the Asia-Pacific region represent about 34% of the demand over the next 20 years, followed by Europe (22%) and North America (22% well).

Airbus estimates that the total number of revenue passenger kilometers (RPK) show an average growth of 4.8% per year, reflecting a trade that will more than double over the next two decades.

The aircraft manufacturer, a subsidiary of EADS, said that demand for new aircraft will be supported by the increase in world population and its purchasing power, growth in emerging economies, continued growth in North America and Europe, urbanization and a high number of megacities, which will more than double by 2030.

Strong demand will be driven by continued expansion of low-cost airlines and the necessary replacement of old equipment with new aircraft "eco-efficient."

Gazprom, EDF and its partners to sign South Stream - September 17, 2011

Gazprom and its partners, including the French EDF, on Friday signed the agreement on the distribution of the offshore section of South Stream gas pipeline project which aims to supply Europe with Russian gas passing under the Black Sea.

EDF and Wintershall, a subsidiary of the German BASF, each take 15% of the project, while the Italian Eni and Gazprom will retain 20% of the remaining partners are detailed in a statement, confirming the statements that the Chief Russian group held last week.

These changes in participation following the reduction involved the participation of Eni.

Pipeline construction to begin in 2013 and be completed in 2015.

South Stream aims to bring 63 billion cubic meters of gas in Europe from 2015, in an effort by Russia to secure distribution contracts with long-term European countries.

The project is a competitor of Nabucco, a planned gas pipeline, which also put more on the import of gas from the Caspian region through Turkey.

IMF calls for drastic measures against the crisis - September 15, 2011

Christine Lagarde, Executive Director of the International Monetary Fund (IMF) Thursday urged developed countries to take drastic action to break the vicious circle of low growth and high debt that threatens the global economy.

"Without collective action and radical, there is a real risk that major economies will be turned back instead of forward," she said in a speech before the meetings of the IMF and the World Bank.

Christine Lagarde said that slowing global economic growth, developed countries are in turn faced an "anemic recovery and chaotic."

By contrast, emerging economies are faced with signs of overheating, such as rising inflation, continued growth in loans and a widening current account deficit.

According to the Executive Director of the IMF, the negative effects of a sluggish economic growth and those of public accounts compromised in developed nations feed themselves, causing a crisis of confidence in turn weighing on demand, investment and employment.

"This vicious circle is growing in scope and, frankly, it was exacerbated by indecision and political failures," said Christine Lagarde.

About the CEO echo those of officials of the influential Economic and Financial Committee to prepare the program changed the discussions between finance ministers of the European Union.

The committee calls for a strengthening of bank capital, preventing a "systemic crisis" sovereign debt affected banks and made the threat of a new credit crisis.

In documents prepared by those responsible for the Ecofin meeting of September 16 and 17, which Reuters had access Wednesday, mention is made of a "risk of a vicious circle between sovereign debt, bank financing and growth negative ", which could cause a credit freeze.