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According to a survey, less than a third of French say they are willing to buy the French public debt. The survey refers to the success of the "day Treasury Bills" in Italy where the people were invited to invest in government debt. It goes from 8.86 to 9 euros gross time to reach 1,365 euros for 35 hours, or about 1,073 euros net per month.

Less than a third of French say they probably or definitely willing to buy the French public debt if they were given the opportunity, according to a Harris poll for the site information and the agency Jolpress Image & Strategy to be published Tuesday in the Tribune . Only 6% of French people would buy "certainly" the debt of the country at rates comparable to those charged by banks, and 24% would buy "probably" of such bonds, said the survey.

As the name suggests, fast loans give you access to instant cash for meeting your urgent monetary needs. With the recent global recession plunging people into oceans of debts and unemployment, they are always in need of borrowing money to make their ends meet.

France and Belgium flew Tuesday to rescue Dexia, while the scenario of a dismantling of the Franco-Belgian bank, weakened by the financial crisis and in particular its exposure to Greece, is gaining credibility.

Placement, the day before, on negative watch Dexia's debt by Moody's, due to concerns of rating agency on the group's liquidity and access to bank refinancing, has accelerated the process.

Dexia shares had lost up to 38% in Tuesday morning, reaching its lowest historical levels, then some limit its losses in the afternoon.

The stock closed lower by 22.46% to 1.01 euros while the index of European banks, although hit by new fears over Greek sovereign debt, has limited its losses to 4.02%.The stock has lost nearly 60% since the beginning of the year, bringing its market capitalization to less than two billion euros.

Emergency meeting, the board of directors of the bank commissioned the night of Monday to Tuesday the CEO, Pierre Mariani, so that it addresses the structural problems of the group, three years after a first plan Rescue audience of over six billion euros, which enabled Dexia to avoid bankruptcy.

The National Federation of Belgian union employees (CNE) said Tuesday it had learned of a decommissioning project at Dexia in several separate entities, which would threaten 150 jobs within the bank holding company.

Several French and Belgian politicians spoke publicly on Tuesday proposed creation of a "bad bank", a separate defeasance structure where the bond portfolio would be stationed at risk for the bank, amounting to some 100 billion euros .

"We need to look at how to change this group.We must remove all the dangerous parts of the bank, this is where the state guarantees come into play – that's what we call a 'bad bank' – then we can give guarantees to customers that if they are depositors or solicitors credit, "said Belgian Finance Minister Didier Reynders in an interview with television channel RTL.

SUPPORT OF CENTRAL BANKS

In a joint statement, Didier Reynders and his French counterpart Francois Baroin committed and that the two states make "their guarantee to funds raised by Dexia."Central banks in both countries have also made their support for Dexia and stressed that the bank's customers had no reason to withdraw their money at the box office.

The creation of a new French bank – which would lean part of the portfolio of loans to local Dexia to those of the Deposit and the Post Bank – is also under consideration.

This funding could be organized in partnership between the Deposit and the Postal Bank."This may in particular through the resumption of activities of Dexia in this area," he told Reuters a source close to the CDC.

A meeting of the Investment Committee of the Supervisory Board of CDC to be held Wednesday, but there is no evidence that the project is complete enough to be formally introduced.

According to the rapporteur general of the UMP Senate Finance Committee, Philippe Mariani, confirming that such a project is under consideration for funding local government does not inject money directly in the operation .

However, the hypothesis of a sale to another Dexia European banking group, on the model of Fortis sold to BNP Paribas, has not favored by analysts, investors, stressing that Dexia is not salable in the state.

The Dexia Group is mainly composed of a retail bank in Belgium, a private bank in Luxembourg, the pole of financing local authorities in France and banking Denizbank in Turkey.Maintaining this "nugget" of Turkey within the scope of the bank as well as the division's management, may seem equally uncertain.

THE FATE OF MINORITY

The question of a recapitalization by the States, would constitute a de facto quasi-nationalization has not been formally excluded.

"Everything will depend on the scheme presented by the management of Dexia," said the Belgian Minister of Finance.

Barely mentioned, the new rescue plan for Dexia, which would be the first bank in Europe victim of the crisis of sovereign debt, has prompted reactions from representatives of minority shareholders of Dexia.

The consulting firm shareholders Deminor has insisted in an open letter to shareholders to be consulted before any decision..

A speech relayed by the chairman of the Finance Committee of the French National Assembly, the Socialist Jerome Cahuzac, who also considered that the shareholders of the Franco-Belgian bank should be involved in resolving this crisis.

The European Banking Authority (EBA) has announced that it would discuss at its meeting Wednesday of the situation of Dexia and, more generally, problems of financing in the euro area.

The major European stock markets closed up Monday, with the financial sector, driven by speculation about lower interest rates by the European Central Bank (ECB) and new measures to support banks.

But without confirmation and the face of inconsistent statements by members of the ECB, markets and particularly the banking sector have gradually reduced their earnings later in the afternoon.

Yves Mersch, Luxembourg member of the Governing Council of the ECB, said it was "outrageous" speculation about a sharp drop in rates while his Austrian colleague Ewald Nowotny said a rate cut in general should not be excluded.

The announcement of a decline in home sales in the United States in August also contributed to dampen the enthusiasm of buyers on the cheap end of the session.

The CAC 40 index closed up 1.75% to 2859.34 points, after gaining 3.8% up in mid-session. The Office of Technical Analysis Day By Day remains neutral on the CAC 40 as it is between 2,720 points, near the low point of the year, and 2,908 points, the top of the "gap" bearish opened last Wednesday.

Elsewhere in Europe, the London Stock Exchange gained 0.45%, Frankfurt took 2.87% and 3.32% Milan.The pan-European Euro Stoxx 50 index has earned 2.83%.

The volatility index has further increased to 2.89%.

The European banking index, which jumped more than 5% at mid-session, finished with a gain of 3.81%, continuing the rebound in the sector began Friday.

Apart from the Greek banks, most of the values ​​in the sector have finished sharply higher, with a gain of 6.85% for Barclays, the General Company for 5.44% and 3.99% for BNP Paribas.Insurers (6.37%) led the increases, including a gain of 10.15% to 8.18% for Allianz and Axa.

"The feeling that the state is there to support banks if necessary, said the rebound, although bankers say they do not need it," said Frederic Rozier, manager at Meeschaert Private.

He added that the movement was technical and short-term, given that French banks are trading at extremely low levels that match 20% to 30% of their equity.

In the context of economic stagnation, cyclical stocks have remained away from the rebound, with auto index down 1.02% and commodities rose by only 0.19%, the lowest sectoral performance.

Corollary of the stock market rebound, the performance of the German government bond (Bund) was extended to 10 years, is attending to 1.82% against 1.75% late Friday afternoon.

At the close of exchanges, the euro was stable and was trading at 1.3517 / $ 19 after touching a low of 1.3361 to eight months in the early morning.

Dexia Bank has distributed to 25 billion euros of toxic loans to municipalities, departments, regions or hospitals according to a confidential listing revealed by Liberation. The additional cost for local governments amount to 3.9 billion.

1500 Five local authorities and public institutions have signed French toxic loans, according to a confidential document which the bank Dexia reported Wednesday Liberation.

The newspaper has obtained "a confidential file of the bank Dexia Credit Local (DCL) which lists 5,500 local governments and public institutions that have subscribed the famous toxic + loan + between 1995 and 2009." "This listing …certify that at the height of the bubble, DCL had distributed 25 billion euros for its customers, "said Liberation, which states that" as estimated by the bank, the additional cost of these loans was estimated at 3.9 billion at the end of 2009 "." This means that communities should pay a penalty of this order, "he says.

Dexia document "shows that everyone is involved: communities of both right and left large urban communities such as towns," said he. The newspaper cites the example of Antibes ", which had borrowed 60 million would pay 21 million in addition to that amount." "The department of the Loire regulations, provide a slate of 22 million in excess of 96 million of loans and toxic Dijon hospital should pay 31 million of interest on a loan of 111 million toxic," writes release. The site of everyday has posted the map of France of Commons infected.

The mechanisms of these toxic loans, the newspaper quoted the party loans to fixed rate and part variable rate "that is, for example indexed to the euro-Swiss franc." "When parity goes below a certain threshold, the rate increased in proportion," says Liberation. "With the crisis of the summer … because of the rise of the Swiss franc, many municipalities have seen their rates rise to 10 or 15%," he writes.

"The addition could still climb with loans running until 2025 or 2030," said Libe which concludes that "these toxic loans have not finished rotting community life. And the taxpayers, who bears a double threat: the increase of local taxes and a deficit of public services ".

The price of crude oil ended down nearly 1.5% Wednesday, partly because of higher-than-expected stocks of gasoline and distillates in the United States and despite a fall in oil reserves.

On the Nymex, the contract on October U.S. crude (WTI) ended on a loss of $ 1.30, or -1.44% to 88.91 dollars a barrel.Meanwhile, Brent advanced 0.41%, or $ 0.46, to 112.35 dollars.

In volatile trading, the Brent has received some investor optimism about the crisis in the euro zone after the European Commission said it will shortly introduce proposals for Eurobonds.

Crude inventories fell 6.7 million barrels to 346.38 million, according to the U.S. Agency for Energy Information (EIA). Economists on average had expected a decline of 3.1 million barrels.

Gasoline inventories rose by 1.94 million barrels and reserves of distillates, which include heating oil, rose 1.71 million barrels while the experts had expected 500,000 barrels and 700,000 respectively barrels

The CAC 40 lost 1.13% Tuesday. Bank stocks, depleted by the debt crisis, still raise concern.

After two disastrous sessions, the Paris stock market failed to rebound Tuesday and finished well below the psychological threshold of 3,000 points, losing 1.13% more as a result of continued distrust of investors for bank stocks.

Read our article: The stock market pays she still on the long term?

The CAC 40 index dropped 33.90 points, to register closing 2965.64 points, regaining its level of spring 2009. The trade volume amounted to 3.68 billion euros.

In London the market has recovered 1.06% Tuesday, while Frankfurt yielded 1%.The Euro Stoxx 50 lost 1.29%.

After opening around the balance, the Paris market has outlined a rebound, briefly taking 1% in late morning, before going far into the red in the afternoon.

"Nothing allows him to regain trust and confidence crisis affecting the banking sector takes precedence over all other news," says Yves Marc seller of shares at Global Equities.

"The right number of business services in the United States helped to comfort the market a few minutes, but then it fell like a souffle," he said.

This figure, of investors is highly anticipated yet emerged better than expected at 53.3%, while the median forecast of analysts gave it down to 51.0%.

But against the steamroller of the decline in bank stocks – their weight in the index in Paris is about 15% – there is no salvation, says it in the rooms.

Bank stocks are indeed still on the front line, battered by fears of a deepening crisis of debt in the euro zone, while at the same time the market begins to question their ability to absorb shocks.

"We are in an infernal mechanism in this sector," noted René Defossez, bond strategist at Natixis.

About the Executive Director of the International Monetary Fund Christine Lagarde on their large capital requirements have the fuel to the fire, say the operators.

BNP Paribas lost 5.24% to 29.66 euros, Natixis 4.57% to 2.44 euros, Societe Generale 6.54% to 18.92 euros and Credit Agricole 4.72% to 5.56 euros after touching at the meeting time low of 5.46 euros.

Cyclical stocks (dependent on conditions) marked a sharp decline, as Renault (-3.15% to 23.99 euros) and PSA (-2.95% to 17.90 euros).

The specialist waste treatment Séché lost 9.65% to 42.45 euros.The group recorded an increase in its half-year net profit but its operating income fell 2.7%.

In terms of the securities increases there "defensive", less affected by economic events, such as Essilor (2.17% to 54.05 euros) or Sanofi (1.66% to 48.88 euros), which s 'is set for new medium-term targets, well received by the market.

Air France recovered a few points (0.79% to 5.99 euros) from the information on his economic plan.

Bank of America will eliminate 3,500 jobs this quarter, according to a document for internal communication that Reuters was able to consult.

The job cuts, expected by the end of September, came as the first U.S. bank suffered heavily from its activity in the mortgage, amid gloomy economic prospects even more.

These job cuts are the latest in a series in the global banking sector, HSBC and Lloyds has announced the elimination of 30,000 jobs and 15,000 respectively.

Bank of America could not be reached immediately.

The bank officials have not yet decided the extent of staff reductions, but according to the Wall Street Journal, a source familiar with the situation reported that at least 10.000 jobs could be eliminated as part of a broader review of the workforce.

Bank of America had approximately 280,000 employees at the beginning of the year, according to its annual report.

Investors also expect that Bank of America seeks to raise funds via an issuance of capital in an effort to absorb billions of dollars in costs arising from its purchase in 2008 of the mortgage company Countrywide in trouble .

The bank, which last month reported a net loss of $ 8.8 billion for the second quarter, the heaviest in its history, announced Monday it has sold its business in credit cards Canada and included a similar disengagement in Europe.

Honda announced Friday the recall of 2.49 million vehicles worldwide due to a software problem that could damage the automatic transmission, including the Accord sedan.

The recall by the Japanese for 1.5 million vehicles in the United States, approximately 760,000 in China and 135,142 in Canada.It affects many other countries in Europe, the Middle East and Latin America, but the Japanese market is not affected.

The U.S. market is most important to Honda, accounting for one third of global sales.

In the United States and Canada, the recall also covers hybrid CR-V came out between 2007 and 2010 and 4X4 Element released between 2005 and 2008, says Honda.

The recall affects primarily in China Agreement and also includes 160,000 Odyssey minivans released between 2005 and 2009 and 4000 Spirior.

Without updating the software, the automatic transmission of these vehicles may be damaged when the driver suddenly changes speed, which may include stalling the engine.

Chris Martin, spokesman for the manufacturer to the U.S. headquarters in California, said the recall was not a sign of more serious difficulties, but "highly unusual circumstances.

"The vast majority of our customers will not have this problem. It is a software programming. This is not a weakness of the transmission itself," he said.

No injuries and no deaths were reported this problem, he added.

U.S. stocks ended sharply lower Tuesday as investors questioned the economic growth in the United States and fearing to see the country lose its triple A rating in spite of the vote in Congress compromise on raising the debt ceiling.

The Dow Jones has given 2.19% or 265.87 points at 11,866.62 points. The Standard & Poor's 500 largest, lost 2.56% or 32.89 points to 1254.05 points and the Nasdaq Composite 2.75% or 75.37 points to 2669.24 points.

The S & P, the reference fund managers, has accused its seventh session straight decline, falling under the moving average 200 days, a bad omen for the markets.This is the longest drop in the S & P since October 2008, at the height of the financial crisis.

Investors wonder whether the compromise budget passed by Congress adequately reduced the deficit and are worried about the latest economic indicators.

Barack Obama signed the text on Tuesday raising the ceiling of the debt of the United States, adopted shortly before the Senate, which prevents the country to end up in default.The president added, however, that other measures would be needed to revive the U.S. economy.

Shortly after the vote, Fitch Ratings, however, said the agreement to raise the debt capacity of the United States involved a risk of default "extremely low" and was consistent with a three-note "A", the best possible.

"I would have expected a rebound in stock relief shortly after the passage in the Senate. This does not happen," said Fred Dickson, market specialist at Davidson. "Investors went from Washington to what I call economic realities."

The Commerce Department on Tuesday released a new statistic that could support the hypothesis of a slowdown in U.S. growth.Consumer spending of U.S. households fell against all odds by 0.2% in June, posting their first decline since September 2009.

This bad news follows an unexpected slowdown in U.S. manufacturing activity, which according to the ISM index on Monday reached in July the lowest pace in two years.

Hyatt Hotels has lost nearly 6% to 36.44 dollars. The hotel group has reported a profit for the second quarter better than expected, but data on the decline in consumer spending have weighed on the title.

As for values, Pfizer has lost 4.6% to 18.14 dollars.The world of pharmacy has reported a decline in sales of prescription drugs.

Trade volumes were fed: 9.5 billion shares changed hands on the NYSE, the Amex and Nasdaq, while the average for this year is 7.5 billion shares.

The New York Stock Exchange ended down 0.51% Thursday, the Dow Jones industrial yielding 30 points to 12240.26 62.29 points.

The S & P-500, wider, lost 4.18 points, or -0.32% to 1300.71 points.

The Nasdaq Composite Index was up 1.46 points from his side (0.05%) to 2766.25 points.

These data are likely to vary even slightly.