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"The results of Haulotte Group in 2009 were logically impacted by the decline of almost 75% in world market volume of the car compared to 2008, according to a statement. Indeed, accounts of the number one European lift platforms people have gone into the red in 2009, posting a net loss of 55.7 million euros at the end of the financial year, against a net profit 31.9 million euros at end 2008.

The current year promises nothing good, "in the absence of any tangible sign of market recovery early this year. The group led by Pierre Saubot decided to focus its attention on reducing the need for working capital and to control its fixed costs.The focus on commercial areas "more potential" will also be intensified.

Maintaining market share

Last year, net debt was reduced by more than 15 million euros thanks "to the sharp drop in volumes produced" instant payday loan . The group's cash at December 31, 2009 amounted to nearly 66 million euros.

Major European and American renters have hardly invested in 2009, but Haulotte Group has maintained its market share in Europe while growing in Asia and America.

Haulotte Group will pay no dividend for 2009.

According to preliminary information provided by the sector for 2010, the year is still difficult, even "if the worst is now behind us.""The rental companies remain cautious about their investments and should carry out spot purchases and replacements to the fleet in view of utilization still low and rental rates under pressure," Gilbert Dupont analysis.

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La France, Germany and other euro countries are preparing to establish a cordon sanitaire around Greece. To avoid the contagion of the fiscal crisis in southern Europe. The decision Wednesday by mature finance ministers must be confirmed Thursday by a special economic summit convened in Brussels.

Past Time denials on a "bailout plan", the sixteen Ministers of Finance have written Wednesday afternoon, the scenario during a videoconference decided in haste with the ECB president, Jean-Claude Trichet, and the new Commissioner of Economic Affairs Olli Rehn. Thursday it was the turn of the Heads of State and Government. Paris seemed to confirm an impending decision by saying that Nicolas Sarkozy and Angela Merkel will speak together at the end of the summit."This is a response to market concerns," said President of the Eurogroup Jean-Claude Juncker.

Risk of contagion

The capitals of the euro area are found immersed in financial emergencies. It is no longer helping private banks threatened with bankruptcy, but sovereign states, victims of speculative attacks that threaten the stability of the euro.

Greece, whose fiscal situation is dramatic, can not find a buyer for the debt markets, less than 6% for a state loan to ten years, a price two times higher than Germany.The scenario of failure refinancing of Greece, with an explosion of interest rates, leading to bankruptcy of the country, hanging over all Euro zone.

The risk of infection, reported by the European Commission itself has closed the debate on whether to isolate and treat the first victim vigorously payday advance . "Greece is affected, and everybody crosses their fingers on a much more cumbersome: Spain", notes one diplomat. Treatment thought Wednesday could well be applied to others. "We envision all possible scenarios," said one senior European official.The draft promises to be bitter for the country ill: an infusion of bridging loans and short-term government guarantees, with counterpart, a say close to Europe and / or creditors in the reorganization undertaken by the governments.

These are the states at the forefront Paris and Berlin, who took the initiative. The French and German banks hold nearly 40% of the Greek foreign debt, which is active in mueraient balls if the crisis drags on trust.

Even with a label "European", the injection of state funds – for example French and German – to help a national treasure would be a first in the euro area. The creditors will not invest lightly in countries that already spend for pierced baskets. "Yes, help arrives.No, there is no question of releasing the pressure on Athens, Wednesday secured a European negotiator.

In practice, they are also the states should ensure, with an assiduity worthy of the IMF, that Greece meets the rigor period prescribed by Prime Minister Papandreou.

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The Committee approved the December 8 and 9 "advisory for a package of proposals to strengthen regulation of capital and liquidity with the objective of strengthening the banking sector," he said in a statement.

These measures will "respond to the lessons of the crisis in the regulation, supervision and risk management of banks," said the committee.

The proposals for capital and liquidity will strengthen the banks and create a financial banking system and healthier, "said the chairman, Nout Wellink, who is also president of the Dutch Central Bank.

It is, however, that a "consultation document" and not a final text, recalled Wednesday a spokesman of the Bank for International Settlements (BIS) in Basel, including hosting meetings.

The 27 "wise men" had already announced in early July an increase of Basel II, introduced in 2004 and requiring banks with a capital ratio weighted overall risk incurred by financial institutions.

Avoiding a new "Lehman Brothers"

To avoid the disastrous consequences of a new financial crisis including the collapse of financial institutions of systemic importance, as the bankruptcy of U.S. bank Lehman Brothers in September 2008, the Basel Committee grilled for several months on a building rules governing the banking sector.

In his new proposals, the committee wants to strengthen the quality and transparency of the core capital Tier 1 (core capital of a bank), allowing institutions to better absorb potential losses.

He also wants to improve the level of capital to protect facilities including activities on derivatives and repos (repos).

Debt ratio

Banks should also establish a ratio of debt to contain their debt, financial buffers to cope with difficult situations and a minimum level of liquidity.

The impact of these measures on the sector should be analyzed in the first half of 2010 with the aim to introduce by the end of 2012.

The committee, founded in 1974 and composed of the governors of 27 central banks worldwide, "will ensure that the implementation of new standards is consistent with the financial market stability and sustainable economic growth," assured Nout Wellink.

Central bankers also want to introduce a period of tolerance and accompanying measures "for a period sufficiently long to allow a smooth transition to new standards.

The Swiss group Adecco, the world of agency work, just formalize this Tuesday the acquisition of the MPS U.S. $ 782 million. The operation, financed solely by equity group, should have a positive impact within three years, it said in a statement.

"The acquisition of MPS represents an important step in the strategy to strengthen Adecco in the business to higher margin work placements, which offer attractive growth over the coming years," said general manager Patrick de Maeseneire. The placement of activity currently represents about 25% of the turnover of the group, against only 17% last year, Adecco said.

The American group MPS, specialist investment particularly in the areas of information technology, finance, accounting and law, with 2008 sales of 1.5 billion euros. Its acquisition is expected to generate annual synergies with Adecco to 25 million euros.

The financial results for the third quarter will be published by Adecco November 5.

After the first American publications published last week, it was the turn of Europe to present their financial results for the third quarter. The Dutch Philips leads with results above analysts' expectations.

The group specializes in electronics and home appliances has announced a turnover of 5.62 billion euros, down 11% over third quarter 2008 but slightly above the consensus.It appears in net up 19% compared to sales of second quarter 2009.

Net profit reached 176 million euros, three times that of the same period in 2008 while analysts by Dow Jones Newswires had forecast about 45 million euro loss.

In the statement released Monday, Gerard Kleisterlee, president of Philips, notes the significant improvement in sales and profits in most of its activities in the previous quarter but remains cautious on the outlook in the short term absence of structural recovery on these same markets. The Philips Group employs 118,000 people in sixty countries and has made 26 billion euros in turnover in 2008.

After Philips, Electrolux is another giant appliances, which will publish its results in the day.The U.S. aluminum producer Alcoa opened the quarterly earnings season last Wednesday with results exceeding consensus expectations. This week should be decisive on the equity markets with the simultaneous publication of several large U.S. banks such as JPMorgan, Goldman Sachs and Citigroup Wednesday and Thursday.