This is the first statement by a senior European official confirming the existence of such plans.

Speculation about the development and content of such projects are fed from the Greek elections of May 6, but their existence had not previously confirmed e.

"There is one and a half, the risk of domino effect could have existed," said Karel De Gucht Belgian Flemish daily De Standaard. 

"But today there are, both within the European Central Bank and European Commission services working in emergency scenarios where the Gre it can not. "

Italy has a bond issue passed Monday by taking test 5.25 billion euros in the medium and long term interest rates steady at almost three years, despite strong investor concerns for the euro area due to blockage policy in Greece.

The total demand of investors amounted to 9 billion euros, allowing the Treasury, which were up between 3.5 and 5.25 billion euros, reaching its maximum target, announced the Bank of Italy . As part of its main issue, the Italian Treasury has raised 3.5 billion of securities maturing in 2015 at a rate of 3.91% against 3.89% in the last similar operation on April 12. He also issued 542 million of securities due 2020 at a rate of 5.33%, 651 million of securities due 2022 at a rate of 5.66% and € 557 million of securities due 2025 at a rate of 5.90%.

The Bank of Italy does not compare the rates of these bonds with those recorded during previous shows. "The show went well overall," said Elia Lattuga, bond strategist in the bank UniCredit. "The maximum was reached," a "particularly good result" that the market was marked "by difficulties this morning," added Chiara Manenti Intesa Sanpaolo.  

The political stalemate in Greece, which still has no government more than a week after the parliamentary elections, has plunged European stock markets Monday and caused a fever in the bond market.

Despite the success of this program by Rome, the Italian market also remained very tense. Secondary market, where exchange debt already issued, the rates in Italy were part of ten years at 5.724% to 5.495% cons 10:25 GMT Friday night while the Milan Stock Exchange 2.90% let go.

Friday, Italy, which faced since mid-April to a sharp rebound in rates after a strong expansion in the first quarter, recorded a great success on the debt market by placing 10 billion shares to three months and one year at declining rates.

Judge Shira Scheindlin in Manhattan federal However limited the scope of these two complaints, finding that the offenses of incitement to fraud, negligence and breach of fiduciary duty were not founded ; es.

Stay the proceedings for deformation of agency activities relating to investment products in question, known as Cheyne and Rhinebridge.

The plaintiffs, including the Commercial Bank of Abu Dhabi, blame Moody's Investors Service and Standard & Poor's losses related to bankruptcy Product Cheyne in August 2007. Investment product Rhinebridge him collapsed a year later, in August 2008.

In both cases, the plaintiffs accused the rating agencies to have worked with banks for financial products that have a triple A, the highest credit supposed to guarantee a free investment risk, whereas these derivative investments were backed in part on credit "subprime" high risk.

The Fitch is also concerned by the complaint Rhinebridge.

The decision of Judge Scheindlin was taken Friday but was released on Monday.

Tony Mirenda, a spokesman for Moody's, said the complaints were unfounded, and that still recent allegations would be considered inadmissible in turn. 

Standard & Poor's, John Piecuch, spokesman, said similarly that the latest complaints were inconsistent with previous court decisions.

The CEO Stephen Hester also confirmed that the bank would have ended next week to repay emergency loans granted by London during the financial crisis.

It also will resume payment of dividends and coupons attached to hybrid securities.

RBS posted a first quarter operating profit of 1.2 billion pounds (1.46 billion euros), after a loss of 144 million the previous quarter. The consensus gave a profit of 800 million.

London has an 82% interest in the bank bailout since the surgery in 2008 and has "no desire" to sell given the situation of stock markets, reported the group.

"As far as I know, there is no desire to sell at current prices and I think it is quite understandable," said Stephen Hester at a conference tee ; léphonique. "Even if everyone wants it to be done, to my knowledge there is nothing in sight."

Sources had said in March that the government had held talks with Abu Dhabi, which had fueled speculation of a sale.

"MISTAKES OF THE PAST"

The rise of the bank in the green is due in particular to the investment bank, which posted an operating profit of 824 million pounds during the quarter against a loss of 109 million the previous three months.

"We are pleased with progress made in the first quarter, although the economic and regulatory environment remains tough," said Stephen Hester. "RBS continues to significantly grow in strength and resistance."

Hester added that the bank was progressing very well in the correction of "errors" of the past, with a decrease in non-strategic assets and increased liquidity.

She said her "Funded balance sheet", defined as total assets less the balance sheet derivatives, was further reduced by 27 billion pounds to 950 billion. Of this total, the non-strategic assets decreased from 11 to 83 billion pounds.

"Once again, the good news is the progress speed of adjustment of the balance sheet. It's all about cleaning up the balance (…)", said Ian Graham, an analyst at Investec. "For me, progress is obviously there but the road is long and painful."

Around 9:25 GMT, RBS shares gained 2.4% to 25.14 pence in morning, outperforming the European sector index of banks, up 0.22%.

The Markit / CIPS purchasing managers (PMI) thus fell to 50.5 last month against 51.9 (revised) in March. This figure, the lowest since December, is below the expectations of economists who had expected 51.5.

It remains above the 50 mark that separates growth and contraction, in contrast to similar data in the euro area.

Official statistics released last week showed that the British economy had plunged into recession in first quarter, which could further increase the difficulties of coalition government David Cameron.

This is an above analysts' forecasts, who on average expected a profit decline to 2.7 billion euros.

Around 8:10 GMT, action Volkswagen earned 4% to 131.25 euros, while the European sector index gained the automotive 1.6%.

The Paris Stock Exchange closed sharply lower Friday amid concerns persist about the situation in Spain and Italy, and while the slowdown in Chinese growth is stronger than expected. The CAC 40 gave 2.47%, passing under the 3200 points to 3189.09 points, in a trade volume of 3.697 billion euros.

On other European markets, Frankfurt fell 2.36% and 1.03% of London. The Eurostoxx 50 index lost 2.58% on its side. "We broke a very important technical level, that of 3200 points, this does not bode well. We will start next week in very bad disposition, "warned Frederic Rozier, manager of equities at Messchaert Private Banking Growth Slows

.

The Chinese trend has been sealed, early interactions, confirmed by the slowing of Chinese growth, which reached its lowest level in almost three years (+8.1% yoy in the first quarter). "Investors not expect a downturn as fast. It should be remembered that any slowdown in China has a strong impact on the global economy, "said Mr. Rozier. However, for Renaud Murail at Barclays Bourse," it is almost certain that stakeholders would not reacted so negatively to this statistic a few weeks ago. Currently, less bad news is amplified. "  

The climate has been sealed by the blood of net borrowing rate of Italy and Spain in the bond market, yields on 10 year Spanish flirting again with 6%. Rome suffered a further decline in industrial production in February, while economists were betting on a rise, while the debt of Spanish banks to the ECB in March smashed the record already history for the previous month. "This suggests two disturbing elements: access not only of the Spanish market remains difficult, but they still have a strong need for short-term liquidity," said Alexandre Baradez at Saxo Bank.

The bank attacked very

The banking sector in the fourth largest economy in the euro area of ​​particular concern for investors because it is very exposed to the real estate market in the doldrums in the country. In this context, anxiety, low morale of U.S. households has compounded the disappointment of stakeholders.

As for values, the banking sector has been particularly attacked, Societe Generale yielding 5.79% to 17.80 euros, BNP Paribas 5.22% to 30.40 euros and Credit Agricole 5.08% to 3.91 euros. More cyclical stocks have suffered heavily from the slowdown in China, the image of Peugeot (-5.15% to 9.84 euros), Lafarge (-4.94% to 30.88 euros) or Vinci (-4 , 21% to 34.83 euros). L'Oreal was the only value of the CAC 40 close to achieving in the green (1.15% to 92.14 euros) after the beginning of 2012 found "promising" with sales up sharply in the first quarter.

Capgemini (-5.12% to 29.92 euros) suffered from lower sales forecasts for 2012-2013 the number two Indian IT Infosys Technologies. Atos took to 2.31% to 44.37 euros, while a note from Morgan Stanley suggests the establishment of "strategic options" for the group if the title is still low. Stallergenes has granted 3.34% to 42.66 euros after confirming its annual growth target following an increase of 7% of its turnover for the first quarter. Finally, Gold by Gold unscrewed from 6.01% to 6.72 euros in its first day of trading on Euronext Paris.

This amount far exceeds the previous record of 49.1 billion borrowed in a month reached in August 2010, before Lisbon accepts a plan to help the IMF and the European Uni ; enemies.

According to Teresa Gil Pinheiro, chief economist at Banco BPI, the increase recorded in March was partly explained by the strong participation of Portuguese banks for refinancing proposed by the European Central Bank.

In December and February, she put on the market a total of over 1,000 billion euros. 

This strong growth also reflects the reluctance of banks in the euro area, who are reluctant to lend to each other.

Three months after the announcement of an agreement between EDF and other major shareholders of the second largest electricity producer in Italy, Consob said that "the price of EDF 0, 84 per share does not seem representative of the actual price agreed between the parties. "

She adds, in the notice published on its website a price ranging between 0.84 and 0.95 euros would be more consistent with "the notion of price paid" and that the median of this range , or 0.89 euros, can be "a useful reference point". 

Contacted by Reuters, EDF has made no immediate comment.

"Let's see what the French would say. But if we take as 0.89 euro price, the difference is about 60 million euros. It is nothing for a band like EDF" said a source close the file.

After months of negotiations, EDF had signed a preliminary agreement in late December supposed to ensure control of Edison. But he was then conditioned the implementation of the agreement to confirmation by Consob price of 0.84 euro per share Edison.

Under the terms of this agreement, EDF was, initially, increase from 50% to 80.7% its stake in Edison for 700 million euros, and then launch a takeover bid for the remaining shares.

The group led by Proglio then found that the agreement Edison valued at 0.84 euros per share.

In return, Edipower, which Edison owns half the capital and considered by some observers as the "nugget" of the Italian group, had to go completely in the hands of current shareholders of Italian , led by A2A.

At the head of the minority shareholders of Edison appears the businessman Romain Zaleski, through his holding company Carlo Tassara. 

The action ended in Edison 0.8735 euro Wednesday at the Milan Stock Exchange. In this course, the Italian group is valued 4.5 billion euros. In Paris, EDF finished at 17.2150 euros, a capitalization of 32.7 billion.

The CEO of specialist payment terminals, Philippe Lazare, told Reuters detect "significant room for improvement" in Southeast Asia, where it is to affû ; t acquisitions.

"The past year has confirmed that emerging markets are really the primary drivers of growth and the business model with an increasing share of our service activities and transactions (compared to) our terminal activities is a strategy that works, "he argued in an interview. 

Ingenico had to rethink its strategy last year after renouncing buy U.S. assets of Hypercom as a result of a decision of the department improve Rican Justice to initiate an antitrust action.

In the U.S., where the group's clients include distribution groups Wal-Mart and Home Depot, Ingenico expects much of the ongoing transition of the United States to smart cards, lead to a prompt Renewal of the terminal stores.

Ingenico, which counts among its competitors Gemalto, First Data and Heartland Payment Systems, is also betting on the transaction management services and maintenance of payment terminals, for not having to rely on its core business , manufacture and sale of terminals. 

This service activity should represent 40% of turnover next year as against 32% today, said Philippe Lazare.

Ingenico announced last month reaching for the first time in 2011 the symbolic threshold of one billion euros in revenue, driven by the dynamism of emerging countries.

For 2012, the group said it expected growth of over 8% on a comparable basis of its revenues and an EBITDA margin of greater than or equal to 18.3% .

The action, which exceeded 85 euros at the height of the dotcom bubble, touched a low of 4.6 euros in 2003. The title has turned the corner since 2009 and was up 28% since the beginning of the year at nearly 36 euros.

Ingenico, whose biggest shareholder is the supplier of defense and security Safran, in 2010 had rejected an offer to 28 euros per share of U.S. conglomerate Danaher, but Philippe Lazare said his group left for sale. At the right price.

"Clearly, society has been widely appreciated since this offer," he said. "We will continue to strengthen our balance sheet and strategy and make acquisitions to grow our relevant value. After, if someone wants to buy us one day, he will be welcome provided that it will put the price ".