Leaders of the main Greek political parties have again postponed the meeting scheduled for 24 hours on Tuesday to accept the reforms demanded by donors in exchange for Athens a second aid plan.

A party official who declined to be identified said the postponement was due to the fact that the leaders of the three features had not yet received the text of the draft agreement on this bailout of 130 billion euros.

While demonstrators gathered in Athens burned the German flag, Chancellor Angela Merkel tried to ease tensions. "I will do nothing to force Greece out of Euro", she assured, responding to a Greek student in a meeting with young people in Berlin.

His Dutch counterpart Mark Rutte has however not ruled out such an output. "The rest of the euro area is now strong enough (…) so we can deal with an output of Greece, a Greece faces serious problems," he said ;.

A half an hour of their meeting, scheduled at 19:00 GMT, the leaders of the Socialist Party, New Democracy (right) and Laos (far right) who support the government of Lucas Papadé ; mos still had not received the draft agreement with the IMF and the European Union.

"We can not say yes or no frank without assurances from the competent authorities of the State that these measures are constitutional and that the country will emerge from the crisis," said George Karatzaferis, leader of Laos. "We have time. Since it is about the future of the state, we find the time, "he said

To avoid being insolvent in late March, Athens has been negotiating for months with the troika (International Monetary Fund, European Union and European Central Bank) the granting of the second aid tranche

. Negotiations between Lucas Papademos and donors took almost all night from Monday to Tuesday, until 04:00 (2:00 GMT), right at the start the first walkouts in ports. "No ship left the port of Piraeus this morning, due to the strike of seamen," said a spokesman for the coastguard.

The movement was launched at the call of the main unions, GSEE (private) and ADEDY (public), to denounce a policy which, they say, threatens to lead the country in a destructive spiral.

The Acropolis was closed to tourists, public transport was disrupted during rush hours, hospital staff is minimized. Teachers, employees of banks or telecommunications plan to join the movement.

Scuffles broke out between Syntagma Square police and demonstrators who tried to climb the steps leading to parliament chanting "No to the medieval working conditions, do not give head , resist ".

Participation seemed a little weaker than in previous rallies in recent months, the rain had apparently been due to the desire of some protesters.

"They (the government) were saved by the rain. The weather did not allow the protesters to take to the streets and show their anger, "he told Reuters Ilias Iliopoulos, general secretary of public sector union, ADEDY

. "FINDING A SOLUTION"

Lucas Papademos, Vice-old President of the European Central Bank (ECB), must now convince the leaders of three parties in the diverse coalition that supports it to accept the conditions imposed by the EU and the IMF ..

……. "We must find a solution today," said a government official before the meeting between parties …….

.. The Greek finance minister, Evangelos Venizelos, has meanwhile said the talks between his government and the "troika" – Lender EU, IMF, ECB – were difficult. 

"Unfortunately, the negotiations are so difficult that when a chapter is closed, another opens," he said Monday night.

Tuesday, a source close to the talks we had yet reported progress in discussions. "Our positions are not as far apart as before," said, adding that both sides were working on the contours of the political program that Athens will apply to enter the second plan help.

After weeks of dealings, several important questions have still not been resolved.

COST OF WORK

Greece has yet to find 600 million euros in savings for the current year, a total of 3.3 billion, said a government official.

Troika also requires that the cost of labor in the private sector is reduced by about one fifth. It proposes to do this by lowering the minimum wage by 20% – which would affect the entire pay scale – by eliminating premiums paid leave or certain sectoral wage agreements.

Europe seeks new austerity is accepted by the Greek government coalition and approved by the Troika before February 15, time to settle then the procedures complex techniques involved in an agreement between Athens and its private creditors on a debt exchange.

The EU hopes to avoid a default "disorderly" of Greece, which must be repaid in March 14.5 billion euros of bonds maturing . 

The President of the Eurogroup, Jean-Claude Juncker, said Tuesday he had no doubt on the future of Greece in the euro area, provided that the country meets its obligations vis-à-vis other members of the single currency.

In most cases, fast cash loans are credited to the borrower's account within 24 hours. Sometimes the time taken may be even less, depending on the amount of loan as well as the company which processes your application.

LVMH has published annual results Thursday soaring, signing a new record with the acquisition of Bulgari and demonstrating once again the resilience of luxury to shocks in the economy .

The world of the sector, including owner of Louis Vuitton, Moet et Chandon champagne and Christian Dior perfumes, has seen its annual sales climb 16% to 23.66 billion euros, slightly above consensus expectations Thomson Reuters I / B / E / S (23.3 billion).

The group's organic growth stood at 14% throughout 2011 and to 12% in the fourth quarter alone. However, it marks a slowdown over the last three months of the year compared to 15% increase recorded in the first nine.

The annual operating income of the group rose 22% to just over five billion euros, 5.26 billion (5.1 billion against expected) and the margin increased by 0 , 7 points to 22%.

After the Swiss Richemont (Cartier, Van Cleef & Arpels) and Britain's Burberry, LVMH therefore confirms the good health of an industry that takes advantage of the strong demand in emerging countries, the re , resistance to the U.S. market and tourist flows in Europe.

"The year 2011 was again an excellent year, as was 2010 (…) Unless a major accident and despite the difficulties in Europe, the world is growing and wants more and more products, "said Bernard Arnault, CEO of the group, with a smile of satisfaction.

"We are fortunate to have as emerging markets, but also the United States, who leave and which cause strongly all of our activities, "he said, adding that being" reasonably confident for 2012 ".

'EXCELLENT' YEAR E 2012 EXPECTED FOR VUITTON

He referred to the January sales "consistent" with those of the end of 2011 and predicted for the Louis Vuitton leather goods, the nugget, which accounts for more than half of the profits of the group, an "excellent year 2012." 

With the debt crisis in Europe and slowing U.S. growth, many analysts have revised down their forecasts organic growth of the great names in luxury for 2012.

All divisions of the group have experienced double-digit growth and significantly improved margins last year, with the exception of perfumes and cosmetics (Dior, Givenchy), more affected by the crisis in Europe.

In fashion, leather goods, Louis Vuitton has yet to sign growth "double digit", while the claws Loewe and Celine have completed the year with "beautiful results", wished to clarify Bernard Arnault. 

This division, the most profitable group with Vuitton, saw its operating income surpass the $ 3.0 billion to 3.07 billion euros, with sales reaching 8.7 billion , up 16% at constant rates.

With strong demand and tight supply, the famous monogrammed bags have also benefited from price increases "more significant" than other brands.

In wines and spirits (cognac Hennessy, Dom Perignon champagne, Ruinart and Moet & Chandon), sales increased 10% to $ 3.5 billion and the margin has been 2.5 percentage points to 31% .

Selective distribution (Sephora, DFS) was not unworthy, with a leap of 34% in sales and an improvement of one point margin to 11%. 

But the most growth pole returns to watches and jewelry (TAG Heuer, Zenith and Chaumet), which has more than doubled with the acquisition of Bulgari and has increased sales by 41% ; like basis, for a margin of 13.6%.

NO hegemony HERMÈS

About Hermes, in which LVMH continued to rise (22.3%), while the deluxe saddle has been locking his family holding company capital, Bernard Arnault has reaffirmed that the participation e silent "friendly" and that LVMH had "no desire to dominate." 

Once will not hurt, LVMH has invited in the news at a time when the debate over the "made in France" is raging in France, flying to the rescue, via one of suppliers in leather, the workshop Lejaby lingerie in Yssingeaux (Haute-Loire).

The annual net income reached 3.06 billion euros signing up to 1% but 34% excluding the unrealized gain realized on the outstanding stake in Hermes s in 2010.

With these figures, the group will offer its shareholders a dividend increase of 24% to 2.60 euros.

The title LVMH closed Thursday at 126.40 euros at the Paris Stock Exchange, rising 15.5% since early January, after falling 11.13% in 2011. 

Perceived by analysts as the value most defensive sector, largely due to the brand Louis Vuitton, she exchanged with valuation multiples of about 17 times the beneficial ; profits estimated for 2012, representing a premium of approximately 15% of the industry average off Hermes.

The President of the European Central Bank Mario Draghi has made it clear Thursday he was ready to take additional measures to support the economy in the euro area, adding that the downside risks have increased and that the ECB was aware of the increasing difficulties of banks.

As pressure increases on the leaders of the eurozone to make progress on a response to the debt crisis by the European summit of December 9, Mario Draghi, speaking before the European Parliament, called for a "deepening" of the budgetary and fiscal integration.

"To me, what is needed by our economic and fiscal union is a new budget agreement – a fundamental reformulation of fiscal rules, budgetary commitments with each other that the governments of the euro area have been," Has he said.

"We might ask if a new budget agreement would be sufficient to stabilize the markets and if a credible long-term vision can be useful in the short term.

The President of the Italian Republic Giorgio Napolitano charged Sunday the former European Commissioner Mario Monti to form a new government is responsible for putting in order the finances to reassure financial markets and European partners in Rome.

After the resignation of Silvio Berlusconi, left under the jeers of thousands of Romans, the head of state has mandated that as planned economics professor aged 68 to lead a cabinet should be composed mainly of technocrats.

In a brief speech a few minutes after the announcement of his appointment by the Quirinal Palace, Mario Monti has promised to conduct "with a sense of urgency but with care" consultations to establish the composition of his government.

ONE YEAR AND A HALF FOR REDRESS OF ITALY

The uncertainty of recent weeks Italy has strongly penalized in the bond markets, and Rome hopes that the arrival of Mario Monti will reassure the financial community.

"The country must become a pillar of strength, not a weak link in the European Union that we were among the founders," said the former European Commissioner for Competition.

The objective of the new government will be "to improve the financial situation and resume the path of growth in a context of increased attention to social justice," he added, saying that Italy could "overcome difficulties by a joint effort. "

"We owe it to our children," said the economist.

Divided, the European Union decided Tuesday to put the spring at least the creation of a tax on financial transactions, which has yet active support of France and Germany.

Several countries, within and outside the euro area, have expressed strong reservations at the monthly meeting of EU finance ministers that such a tax "Tobin" is implemented in the EU without first being decided at the international level.

"Today the Ecofin, we mainly talked about the tax on financial transactions. The debate was lively," said the German finance minister, Wolfgang Schäuble.

As for Britain, which critics have intensified in recent days, she simply asked that the case be permanently archived.

"I suggest we bury the idea that there will be a tax on financial transactions," he told his counterparts the British Minister of Finance, George Osborne.

The Italian prime minister will present this evening in Brussels a letter in which he promises savings measures in the country, notably to extend the retirement age to 67. The Italian Minister of Economy, Giulio Tremonti, and the prime minister Silvio Berlusconi

After intense negotiations with the Northern League and a minimal agreement on pensions, the Italian prime minister Silvio Berlusconi Wednesday in Brussels will present a letter in which he undertakes to carry out economic reforms, reports the press. The letter of fifteen pages, the Cavaliere, who managed in extremis Tuesday night in a minimal agreement on pensions with its ally the Northern League, said the government's desire to raise the retirement age of "old age" of 65 to 67 in 2026.

But in reality, this decision does not change much, according to the newspaper noted that in 2026, the retirement age should already nearly 67 years as a result of reforms adopted in recent years, including one providing for gradual increase in the retirement age based on life expectancy. The League is however remained adamant about the "retirement pensions" that allow currently retire at 60 with 36 years of contributions and any age from 40 years of contributions. In addition to retirement, Mr. Berlusconi engaged in the letter to adopt speedy measures to boost growth promised this summer but have not been presented because of the divisions of the majority.

Rome has involved the liberalization of professions and local public services, simplifying the administration, the revitalization of infrastructure projects, facilitating dismissals or the tightening of rules to replace retiring employees. The government also promises to accelerate the sale of public assets to reduce the huge debt of 1,900 billion euros (120% of GDP) that worries the markets. Berlusconi also points in this letter, according to press reports, draconian austerity measures adopted in recent months for a total of 60 billion euros by 2014, which will allow Italy to meet balanced budget by 2013.

Contacted by AFP, a spokesman for the presidency declined to comment. Mr.Berlusconi has been put up against the wall Sunday by its European partners who asked him to make firm commitments on reforms and debt reduction in order to reassure the markets and to ensure that Italy is the next victim the debt crisis, which would jeopardize the entire euro area.

The founder of the investment fund Galleon, Raj Rajaratnam, who was convicted in May of insider trading was sentenced Thursday to eleven years in prison, one of the most severe penalties ever imposed for this offense.

The verdict marks the end of a long process that had shaken the financial world by revealing one of the greatest scandals in Wall Street since the 1980s.

The survey was particularly high profile was marked by an abundant use of FBI wiretaps, a method usually associated with the procedures surrounding the mafia or drug trafficking crime as more "white collar".

Raj Rajaratnam was found guilty of fraud transactions and conspiracy to have established a vast network that fed into confidential information on companies.

It was one of his informants including senior executives in companies like consulting firm McKinsey & Co, Intel, and to a former director of Goldman Sachs.

The judges did not follow the request of prosecutors, who called for 19 ½ years in prison against Raj Rajaratnam.The award is beyond the ten-year sentence recently imposed in another case a major insider trading.

Judge Richard Holwell said the founder of Galleon, aged 54, suffered from an "advanced diabetes" that can lead to kidney failure and may need a transplant, and had taken this into account by setting the length of the sentence.

"The government is absolutely right to consider insider trading as an assault on free trade in a democratic society," said the judge.

Raj Rajaratnam did not read the statement on his behalf before the verdict, which was also sentenced to 10 million dollars in fines and the restitution of $ 53.8 million.

The judge also agreed to recommend that the sentence be carried out at the prison in Butner, North Carolina, one of its inmates fallen financier Bernard Madoff, sentenced to 150 years in prison for fraud. This has its own hospital.

Raj Rajaratnam must report to prison Nov. 28. Those convicted of federal crime generally must serve 85% of their sentence before becoming eligible for early release.

The private sector created 91,000 U.S. jobs in September, exceeding analysts' expectations, soothing some concerns about a rapid deterioration of the labor market.

Economists polled by Reuters predicted that the monthly ADP, released Wednesday, would state that 75,000 jobs created.

Figure of the month of August, however, was revised down slightly to 89,000, against 91,000 in the first estimate.

The publication of these figures has raised the index contracts before the opening of U.S. markets, but Wall Street was then opened in fall, investors remain uncertain economic prospects and projects of European leaders about banking.

ADP Employer Services survey, conducted in partnership with Macroeconomic Advisers LLC, is considered a leading indicator of monthly statistics on employment figures which are expected on Friday.

Economists polled by Reuters anticipate 60,000 new posts in the private and the public, but outside the agricultural sector, after zero in August.

"It seems that the private sector will continue to create jobs, which is consistent with the scenario of slow growth," said Gary Thayer, macroeconomic analyst at Wells Fargo in St. Louis.

"The problem is that the public sector is shedding jobs.So we should have a low figure, but slightly positive next month. "

Moreover, the number of planned job cuts in companies in the country jumped in September to a high of more than two years, another report showed on Tuesday.

Employers announced last month that 115,730 job cuts planned, against 51,114 in August, the report said the consulting firm Chalenger, Gray & Christmas.

This is the highest since April 2009.

The increase in sales in September was mainly due to two employers: Bank of America and the U.S. military, which together plan to reduce their workforce by 80,000 people.

The computer manufacturer Hewlett-Packard on Thursday confirmed the appointment of former eBay boss Meg Whitman in his general direction, replacing Leo Apotheker decried.

"We are at a critical time and we need renewed leadership to successfully implement our strategy and take advantage of market opportunities ahead," said group chairman Ray Layne.

The Board believes that "the position of head of HP currently requires additional skills," he added in reference to Leo Apotheker.

The former CEO of the German company SAP management software was appointed late in September 2010 as head of the California group to succeed Mark Hurd.

HP is not necessarily ready to change strategy, it was explained to Reuters, which would run contrary to rumors on Wall Street.Some had thought that the departure of Leo Apotheker, head of the third row to be forced to take the door at HP would be the prelude to a coaster for substantive decisions taken during his tenure.

He has been considered a possible split of the branch PC and the acquisition of software developer Autonomy UK, some investors fearing that HP does overpays this acquisition.

In less than a year in office, Leo Apotheker has repeatedly reduced the forecast of revenue, returned to the promises concerning the integration of mobile software, amid 50% drop in share price of HP .

Meg Whitman, who was already on the board of directors of HP, is familiar with the consumer and distribution on the Internet.But it will not necessarily be the best choice, some analysts said.

The one who tried unsuccessfully to be elected as governor of California, has transformed the small eBay, which had several dozen employees in 1998, a major distributor on the internet. But the last years of his tenure were marked by growing more hesitant, intensified criticism on Wall Street and a series of acquisitions not necessarily sound like that of the Internet telephony company, Skype, ultimately sold to Microsoft.

HP ended down 4.8%, to 22.80 dollars, wiping out most of the gains of 6.6% recorded Wednesday.Investor enthusiasm for a change at the highest level has turned into caution given the fundamental uncertainty of the group, analysts said.

President Barack Obama announced Monday it had decided to appoint the labor market specialist Alan Krueger at the head of the Economic Council of the White House, while it should detail a plan next week to support employment.

Alan Krueger, an economist at Princeton University, will succeed Austan Goolsbee, whose resignation was announced in early June.

The appointment comes as President Barack Obama has detailed a plan to support employment after September 5, the day of the celebration in the U.S. Labor Day, which traditionally marks the end of the summer.

Austan Goolsbee, adviser to longtime Barack Obama, decided to leave his post as head of the Economic Council to get back to teach at the University of Chicago.His departure was a blow to the White House.

With an unemployment rate of 9.1% and fears of more serious view of the U.S. economy plunge into recession, the American presidency in fact trying to show that it does everything it can to support growth.

In the Garden of the White House alongside Alan Krueger, Barack Obama said he would build on the "raw recommendations" of the latter to stimulate the U.S. economy.

"Alan understands the difficult challenges facing our country and I am confident he will help us meet them," said Barack Obama.

PLAN FOR EMPLOYMENT

The U.S. president said he would detail next week a plan to support purchasing power and employment.

"Next week I will be releasing a series of steps that Congress can take immediately to put more money into the pockets of working families and those of the middle class, to facilitate employment for small businesses, to put teams construction work and rebuild roads, railways and airports in our nation, "he said.

Barack Obama hoped that this plan harvest support large, beyond the partisan disagreements.The Republicans have so far shown reluctance to stimulus involving additional costs.

Against the backdrop of fears around the gloomy figures for growth and employment, the popularity of Barack Obama has dropped to about 43%, close to its lowest level since the beginning of his presidency and as it prepares to appear for a second term in 2012.

The appointment of Alan Krueger must obtain the consent of the Senate.