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Lagardère Tuesday reported a turnover slightly below expectations for 2011, hit by the decline in revenues in publishing, and announced ; significant writedowns of around 900 million euros.

The media group has gone through a year 2011 marked heckled by two warnings on its results, a controversy over its leader Arnaud Lagardère and a fall of over 30% of his title scholarship. 

"In 2011, taking into account both an economic and market environment deteriorated, and other performances (recorded in the second half) and prospects for the industry Unlimited, should lead impairment in value of a significant amount, "the group said in a statement, referring to its division dedicated to sport and entertainment.

Lagardère adds that he also revised down the value in its accounts of its 20% stake in Canal + France.

The full year, revenue came out to 7.657 billion euros, against 7.966 billion during the previous year, an increase of 0.2% on a comparable basis. 

The Thomson Reuters consensus I / B / E / S brought out a turnover of 7.684 billion euros on the basis of estimates of 18 analysts.

The group, which will publish its full year results on March 8, confirmed its forecast of a decline of 5 to 12% of its recurring EBIT before associates (EBIT) for 2011 Media .

The stock closed Monday at 1.51% to 23.1450 euros. Since the beginning of the year, it was up 13.5%, compared with increases of 4.62% of the media sector index.

The Chairman of the Consob Giuseppe Vegas reaffirmed Wednesday that as of Thursday, the ban on naked short sales would be extended to all classes of shares.

At the beginning of November, Constable Italian Stock Exchange announced a ban on naked short sales of all equity markets regulated to reduce market volatility, a decision to take effect from 1 December at midnight.

In an interview published Wednesday by the newspaper La Repubblica, Giuseppe Vegas has also discussed the requirements of the European Banking Authority (EBA) relating to the recovery bond and that he would ask the Bank of Italy to raise the issue at European level

The new EU regulation that requires banks to value sovereign debt in their accounts at market value may cause a new credit crunch that could cripple the economy of Italy, said the president of the Italian stock market authority .

"In Italy, there are fears on banks. The money does not circulate. The main risk is the development of a credit crisis."

"In this scenario, the risk that a bank collapse is secondary.

France is already in recession and is expected to slow growth of 0.3% in 2012 according to the OECD considers it essential to save 0.4% of additional GDP. 8 billion euros.

The OECD has drastically revised down its growth forecast Monday for France, which would be barely positive in 2012 after a "short" recession, a situation that "requires" a new anti-deficit to take the international commitment of Paris. Far from the 1% growth still officially expected by the French government next year, the Organization for Economic Cooperation and Development is no longer considering a meager increase of 0.3% of GDP in its latest economic forecast delivery biannual. Six months ago, it expected 2.1% but still on the deepening crisis in the euro area has been through it.

The recession that know France in the fourth quarter 2011 and first quarter 2012 would be "small scale", according to the organization. But faced with these projections, the poorest to date of an international institution, it urges Paris to a new fiscal tightening. "Given the slowdown in economic growth and the increasing burden of debt," the goal of returning the public deficit to 4.5% of GDP in 2012 "will require new measures of fiscal consolidation," says she said.

"We would suggest a further fiscal consolidation to achieve the desired objective," confirmed its chief economist Pier Carlo Padoan, during a press conference.

France is preparing to revise its growth forecast for 2012, currently set at 1.75% of GDP, writes Le Figaro Friday, citing a source within the government.

The announcement would follow the warning earlier this week by the rating agency Moody's on the signing of the French debt and that made Thursday by Germany, to review its own growth forecast for the year year.

Economists on average expect a French growth around 0.9% of GDP in 2012.

"We know that we are above the consensus of economists and we are prepared to adapt and make the necessary budgetary measures, as did the Germans," says the government source quoted by Le Figaro.

The decision to review the press the growth forecast for 2012 is little doubt but France has yet to define the timing and scope of this review, writes Le Figaro.

Moody's announced that it would evaluate within three months the stability of the Aaa rating enjoyed by the French sovereign debt and allows France to borrow at lower cost in the financial markets.

This period of three months should assess the impact on French public finances of an agreement – or lack of understanding – of the countries in the euro area over the settlement of the debt crisis in general and the Greek problem in particular.

The topic will be the focus of European Council discussions on Sunday, which means to increase the power of the European financial stability and improve European governance should be the order of the day, and a plan recapitalization of European banks.

Francois Fillon said this week that the austerity measures it announced in August, based on a growth forecast of 1.75% next year, would still be effective for growth of around 1.5 %.

The prime minister did not rule out the need to introduce more rigor in the event that growth in France would be even lower.

The government has committed a reduction of tax loopholes to allow France to achieve its objectives to reduce its public deficit to 4.5% of GDP in 2012, 3% in 2013 and 2% in 2014.

was the first World Day of "outraged", attended Saturday tens of thousands of people, was marred by violence in Rome and dozens of arrests in New York. Violence in Rome during the World Day of indignant protest, Saturday, October 15, 2011

From Europe to the United States through Chile, the first World Day of "outraged" gathered Saturday tens of thousands of people and was marked by violence in Rome and dozens of arrests in New York.Under the slogan "People of the world, stand up" or "Go down the street, creating a new world", the "outrage" had called for demonstrations in 951 cities in 82 countries, according to the site 15october.net, against precariousness related to the crisis and the power of finance.

Saturday night at Times Square in New York, U.S. law enforcement has made 71 arrests as a result of an anti-Wall Street that brought together several thousand people, according to a report from the police. The demonstrators were immediately embedded in several police vans, said a journalist from AFP. Earlier, police on horseback had rejected the protesters who tried to enter the site. One person was injured by falling to the ground when the panicked crowd began to run.

"Every day, every night, take care Wall Street," "We the people", "We want to work," chanted the demonstrators.In Washington, several thousand more "outraged" have joined together to protest against the "greed" of finance, for "jobs and justice". Some 300 demonstrators gathered in front of the White House and the Treasury Department against "financial mafia", before joining another rally, with several thousand people gathered at the call of twenty organizations. More than 10,000 Canadians have also expressed, signs or guitars in hand, including 5000 in Toronto, in the financial district.Their demands ranged from a better distribution of wealth to "the truth behind 9 / 11", or "animal rights".

Violence in Rome

In Europe, the spectacular violence broke out in Rome, making 70 wounded, including three serious sidelines of the parade which brought together tens of thousands of people, under signs proclaiming "One solution, the Revolution!" or "We are not property in the hands of bankers." Rogue elements stormed a luxury hotel, smashed the windows of banks and set fire to an annex of the Department of Defense. Several cars were torched.

By late afternoon, the historic square of the Basilica of St. John Lateran was turned into a battlefield.Police have charged hundreds of young people throwing smoke bombs, bottles and Molotov cocktails against the police, while peaceful protesters were leaving the place the arms in the air not to be confused with the rioters. In Athens, epicenter of the European financial crisis, several thousand demonstrators gathered in the evening before the Parliament in a friendly atmosphere.

Portugal, another country hard hit by the crisis, 50,000 people of all ages marched in Lisbon, shouting "IMF out" rows behind a banner proclaiming "Stop Troika", in reference to the creditors of Portugal (EU Bank European Central Bank, International Monetary Fund). In Madrid, the birthplace of the movement was born May 15, tens of thousands of people have converged to the Puerta del Sol, iconic place that the "outrage" had occupied for a month in the spring."The problem is the crisis, rebellion-you," proclaimed a huge banner at the top of the march. In the evening, a sea of ​​people invaded the place, where the demonstrators were frozen in a "silent cry", a symbol of oppression.

Clashes with police in London

In London, where minor clashes with police took place at midday. 800 "outraged" gathered in the City and received unexpected reinforcement of the founder of Wikileaks, Julian Assange, on parole near London pending a possible extradition to Sweden where he was charged with rape."We support what is happening here because the banking system in London is the recipient of money from corruption," he said on the steps of the Cathedral of St. Paul, where the demonstrators were massed.

The "outraged" also benefited from the understanding of the Governor of the Bank of Italy, Mario Draghi, who must take the lead next month the European Central Bank. "Young people are right to be outraged," said Mr. Draghi told reporters on the sidelines of the G20 meeting in Paris. "They are angry against the world of finance. I understand," said the economist of 64 years, while deploring the incidents in Rome.In the Netherlands, a thousand demonstrators gathered in The Hague, as the Place de la Bourse in Amsterdam, and a thousand as the Paradeplatz in Zurich, emblematic place of finance in Switzerland, while Paris was attended by several hundred as "outraged."

In the Balkans, the gatherings were attended by about 3,000 people in Zagreb and hundreds in other cities, including Sarajevo and Belgrade. Rallies were also held in Latin America. More than 5,000 "outraged" Chilean and parade in Santiago. The protesters had targeted the high places of global finance, as the ECB in Frankfurt, from 5000 to 6000 before which people gathered. "From America to Asia, Africa, Europe, the nations rise to claim their rights and demand a true democracy," said the manifesto of October 15.

Ireland stands by its budget deficit target set for 2012 under the international aid package paid by the European Union and the International Monetary Fund without requiring radical new tax measures.

Before Parliament, the Minister of Finance confirmed that a deficit target of 8.6% of gross domestic product (GDP) in 2012 was still valid.

The IMF confirmed the day that Dublin should not take further drastic measures even if the growth prospects for 2012 are less favorable than expected.

Michael Noonan said the growth forecast for 2012 of his ministry – currently 2.5% – would have to be revised downwards.

The finance minister also said that Europe Greece to prevent default, adding that an agreement would be found in the coming weeks.

"I do not expect that Greece will default," he said.

Michael Noonan said that Europe should set up barricades to prevent the contagion of the crisis in Greece to other countries, while stressing that the weakest banks in the region had probably need more than 100 billion recapitalization .

Wall Street opened slightly higher Monday as expected, in the hope that the euro area muscle response to the crisis of debt, even if the doubts surrounding the ability to act on the Old Continent at risk of fuel volatility market.

In early trade, the Dow Jones gained 0.02% to 10,773 points. The Standard & Poor's, wider, taking 0.76% (8.7 points) at 11,145 points while the Nasdaq Composite advanced 0.4% to 2493 points.

The International Monetary Fund on Sunday asked more action from the European Central Bank to fight against debt crisis.But Germany and several senior officials of the ECB itself have little desire to see the institution in Frankfurt to become more involved in supporting Greece and other countries in need.

Investors are hoping, however, see the ECB cut its interest rates to support the economy of the region.

"We will be volatile until we see some form of consensus in Europe," said Jack Gan, chief investment officer at Harbor Advisory Corp.

Investors now await the numbers of new home sales for August.Economists polled by Reuters expect, on average 295,000 units from 298,000 in July.

Values, Coca Cola is 1.2% after announcing Insider Reuters plans to invest nearly $ 3 billion (2.2 billion euros) in Russia over the next five years, as part of its strategy to increase its presence in emerging markets.

The world has entered a new zone of the economic point of view and the major powers must act, said Wednesday the president of the World Bank Robert Zoellick.

"If Europe, Japan and the United States do not also face their responsibilities, they weaken not only themselves but also weaken the overall economy," he said, according to the text of a speech at George Washington University.

"They have for too long deferred the hard decisions, reducing the choices are few hard choices," he added.

The World Bank and the International Monetary Fund hold their general meetings next week in Washington.Discussions will cover the debt crisis in the euro area and the Greek case.

According to Robert Zoellick, European countries are hiding the hard truth about their common responsibilities, Japan has refrained from economic and social reforms necessary and the political battle in the U.S. clouding efforts to reduce a record budget deficit.

In the same way that these countries have called on China to be a responsible global player as a rising economic power, must also act responsibly deal with their economic problems.

"The time is over the disorder," said Robert Zoellick.

"If we do not anticipate the events, if we do not adapt to change, if we do not raise above the short-term political tactics or if we do not recognize the power that goes with responsibility, we drift into the dangerous currents. "

The International Monetary Fund said it had approved an outlay of 2.11 billion dollars (1.5 billion euros) as part of the aid package to Ireland.

According to the IMF, the Irish government has pursued a "steadfast implementation" of its austerity program aimed at addressing the fiscal problems and the banking crisis.

The lender will request the country to continue on this path to avoid the risk of contagion.

Dutch bank ABN Amro, nationalized at the height of the financial crisis, said Friday it would cut about 2,350 jobs, approximately 9% of its workforce, as it prepares to be either sold or floated.

In detail, will be laid off 1,500 people and 850 positions will be eliminated over the next three to four years.

Most of the jobs in question relate to operations and back office operations electronic. Some positions in the fields of retail banking and BFI will also be deleted.

ABN Amro said he had a supply of 200 million euros before tax to finance the restructuring.