Secretary General of the OECD since 2006, Angel Gurria, 61, has been renewed for a second term of four years as head of the organization in 2010. Former Minister of Finance, Budget and Foreign Affairs of Mexico, he managed an iron hand the consequences of the Mexican crisis of 1995. He is an ardent supporter of the enlargement of the OECD to emerging countries.

LE FIGARO. – What is the OECD today? Is it the think-tank of globalization?

Angel Gurria. – No this is not a think-tank! It is an intergovernmental organization dedicated to the promotion and implementation of better policies for a better life. We observe, measure, comparing the data, draws conclusions, which are transformed into policy proposals. It covers all the topics of economic, social, environmental.Only exceptions: military defense.

In fifty years, what do you see as the greatest successes of the OECD?

We just updating the code of conduct for multinational enterprises, written fifty years ago and upgraded several times! Among the findings of the OECD, I quote: the principle of "polluter pays" principle, the objectives of the Millennium Development Goals, the issue of scarcity of natural resources.There are also investigations on education Pisa (Programme for International Student Assessment, Ed) which are a bombshell in the world's lowest-scoring, or the anti-corruption convention, which gave rise to new legislation in Russia, Israel, Chile and the United Kingdom! Finally, thanks to the OECD, bank secrecy for tax evasion is dead …

The great weakness of the OECD is it not the absence of sanctions?

The power does not lie in the ability to punish but to convince. No international organization can not really impose sanctions on Member States, apart from the European Union fast cash advance loan. But the EU is a special case: the Member States agreed to dispose of part of their sovereignty, which is not the case at the OECD.Nevertheless, our country reports, our rankings and our method of Pisa "name and shame" (literally "name and shame", Ed) on taxation are feared by the Member States.

Does it matter that the G20 countries are not all OECD member?

No! We work with Brazil, China, Russia, India, South Africa or Indonesia daily on all subjects. They are asking for reports. They participate in our work. Of course, it would be better if they were full members because they participated in our decisions, but we are not looking to become a universal organization. Efficiency does not depend on the number. The important thing is to have the views of major emerging issues of global concern.

What would prevent China from being an OECD member?

Nothing! She can start accession negotiations tomorrow, if she wishes.The OECD was invited as a privileged partner in 2007, with a membership perspective. At the approach to it, decide if it wants to become a member or not. For us it would be an honor and a privilege. Then, in the end process, it will be for Member States of the OECD to decide if China meets the political criteria and techniques …

Should we restructure, reschedule debt Greek?

The decision to go to a debt rescheduling Greek does not seem bad. This gives time to digest Greece for its adjustment measures. For contracts, grant a repayment is the lesser evil, which does not reduce the principal amount of the debt. When this was discussed at Ecofin, last week, lenders have responded well: the yields of the Greek debt eased. The markets were reassured.

Assists Is there a pause of flexible response? The Hadopi decided to "suspend its Interconnection with Trident Media Guard (TMG), the company Nantes mandated by the rights holders to monitor P2P networks for the exchange to" flash "French Internet users currently downloading works monitored.

The decision comes after the computer security specialist Olivier Laurelli, better known on the Internet under the pseudonym bluetouff, revealed this weekend, several security holes on one of TMG servers. In the files have been found many IP addresses of French Internet users, "ID" of Internet-connected computers. However, these data should be secured.

"Precautionary Principle"

"We apply the precautionary principle," says the Hadopi Figaro.fr. "We do not know what is actually happening in servers TMG.But we do not want to risk an intrusion into our system and personal data it contains. "

Presently, TMG sends daily Hadopi records IP addresses of surfers caught in his nets. The High Authority then decides whether to send a warning email to the owner of the Internet line in question and is the first step in the graduated response. With Monday's decision by the highest authority, the transfer of information between TMG and Hadopi is now suspended indefinitely.

Customers can they download with impunity the time of the suspension? The Hadopi like to moderate the joy of some users. "TMG can retain data for some time.If we restore the interconnection sooner, then all records of addresses made since Monday will be considered by us. "

TMG minimizes the impact of the fault

According to a report of the CNIL, "the data collected [by TMG] are cleared during the night following the confirmation of receipt of referrals by Internet Piracy, usually 24 hours after the collection of this information." If data are not passed, it will "also destroyed 24 hours after collection.Therefore, if Hadopi decides to reestablish its connection with TMG Wednesday surfers flashed in the day on Monday not risk anything, since the data has been erased by TMG Tuesday at midnight.

TMG has defended his part in a press release stating that the flaw disclosed by bluetouff "comes from a test server of society" and that "the infrastructure used by GMT as part of its operations were not impacted. "Therefore," no confidential data and personal has been published on the Internet. "

The rights holders should expedite an expert report from TMG very quickly, according to Internet Piracy. "Everything must be put in clear," says one at the headquarters of the supreme authority.

That's Numericable hiding behind the mysterious "mobile revolution" that holds the net in turmoil in recent days. The operator has designed this teaser campaign, devised by the communication agency and lobbying to bring attention to his news conference Wednesday morning at the Pershing Hall in Paris … A place where Free has the habit of arrange their own press conferences!

Numericable to announce the launch of a mobile offering unlimited calls to all operators to "less than 35 euros per month," said a source familiar with the matter. But it will not be a quadruple play (Internet access, IP telephony, television and mobile telephony). This offer will go through the network of Bouygues Telecom. Numericable was launched in May 2010 in the mobile but very timidly, history of testing the market. Its number of mobile subscribers currently remains insignificant.This time, the operator believes it will launch a real stir in the mobile. Info ou intox? Competitors remain skeptical: "An MVNO (mobile virtual network operators), because he does not own its network, can never offer truly aggressive. Whatever he does, he will always be unavoidable costs. Or do asterisks to limit the number of subscribers, restrict supply etc. … "Said one trader. "At 35-40 euros monthly you can do with a mobile offering unlimited SMS, unlimited voice and not too much data. Below, we lose money, "said another operator.

In any case, the teasing was successful: in angering Free, who feels robbed and parasitized by the use of the term "Revolution" (the name of his new box) and the use of its code red ( while the color is green Numericable usual), "larevolutiondumobile" has generated a real buzz.More than 50,000 messages were posted on Twitter, affecting over 300,000 people, and the Facebook page of the site has recorded more than 2000 fans in less than a week. Meanwhile, the server is larevolutiondumobile.com victim of attacks. "It was hacked by computers whose IP addresses are located in the heart of Paris," said a source familiar with the matter. No doubt if piracy is proven to be a very serious thing – Numericable file a criminal complaint.

The New York Stock Exchange ended sharply lower Tuesday. Investors worried about a disappointing start to the season for corporate earnings and the severity of the nuclear crisis in Japan. At the close, the Dow Jones dropped 117.53 points to 12,263.58 points and the Nasdaq, dominated by technological 26.72 points to 2744.79 points. As for the broader index Standard & Poor's 500 has dropped 0.78% (10.30 points) to 1314.16 points.

"The Exchange has resisted in Japan, the crisis in Libya. More and more investors are expecting a sustained correction, between 7% and 10%, and say that it can be when it will occur, "said Clement Decombe of Meeschaert Capital Markets, cited by AFP. He added: "There will have taken profits, some will wait until the situation clears up a bit before going on the market."

Japan came out strong concerns among investors, the Japanese authorities raising the level of the accident at the plant in Fukushima at maximum level, equaling that of Chernobyl.

The earnings season for U.S. companies for the first quarter has also started a tumble: the aluminum producer Alcoa plunged 6.02% to $ 16.70 after posting a profit slightly above expectations, but sales lower than expected by analysts.

Trade balance and budget figures

The investors were even more pessimistic on Tuesday that macroeconomic side, the U.S. trade deficit declined more slowly than expected in February. The trade balance posted a deficit of 45.76 billion dollars according to figures released by the Commerce Department, while the market was expecting a "hole" of 44.5 billion.In January, the deficit had amounted to 46.97 billion dollars.

As for import prices and export, import price inflation accelerated sharply in March to 2.7% this month alone, mainly because of higher oil prices and the diet. Next publication expected by investors, those of the U.S. budget figure for the month of March

Oil prices are displayed for the second consecutive day sharply lower.

Side currency, the euro start rising against the greenback after this series of indicators, and evolved over the threshold of $ 1 online payday loans.45 for the first time since January 2010.

Fastenal Co.publish its results tomorrow before JP Morgan

As for the publications of corporate earnings for the first quarter, they will continue this week, on both sides of the Atlantic after Alcoa, are among others the first quarter figures from JP Morgan (-0 , 47%, to 46.64 dollars) to be known from this Wednesday (13:00), ahead of Accenture (-0.29% to 55.84 dollars), Google (-1.17%, to 570, $ 61) and Hasbro (-2.68% to 46.47 dollars), all three on the agenda for Thursday. Bank of America (-0.15%, to 13.47 dollars) and Mattel (-1.78% to 25.32 dollars) will follow on Friday.

Meanwhile, Fastenal Con'a not convinced investors despite higher public expectations (-4.390%, to 64.54 dollars).One of the largest U.S. distribution of industrial and construction equipment has announced an increase of 23% of its quarterly revenue at $ 641 million and a 42% jump in net income.

In addition, Intel will launch new microprocessors that consume less electricity. This strategic announcement has not aroused the enthusiasm of investors, as Intel falling 1.79%, to 19.76 dollars.

Amazon (-1.93% to 180.48 dollars) for its part, announced Monday a further decline in the price of its Kindle electronic reading light at 114 dollars against 139 dollars so far. This new model will post advertising via various backgrounds, but also a whole series of promotions made from the home page.Delivery scheduled May 3 in the United States.

Chevron (-3.34% to 104.18 dollars) for his part announced Monday that its profits in the first quarter of 2011 should be higher than the last three months of 2010, thanks to buoyant oil prices refining margins and higher.

Finally, Hewlett-Packard (+0.07% to 40.65 dollars), will have to give up for now afford the software developer Tibco Software (3.93% to 28.05 U.S. dollars) morning after the announcement by two sources familiar with the failure of negotiations.

Unparalleled catastrophe experienced by Japan will lead to a severe impact on the accounts of insurers. The industry giant, AIG, announced Friday night that these events will cause a gross loss of $ 700 million (493 million) at its insurance arm injury Chartis.

In total, the insurer expects a gross loss of $ 1 billion (705 million euros) for its subsidiary in the first quarter 2011, a hole of $ 900 million after tax (635 million euros). In addition to the cost of the disaster Japanese, this loss is cut by "preliminary costs associated with the New Zealand earthquake, winter storms in the U.S., Australian and Brazilian floods and Cyclone Yasi in Australia," says AIG.

The bill may still rise, warns insurer American.This preliminary estimate does not take into account the group's participation in public reinsurer JERC Japanese (Japanese Earthquake Reinsurance Company) responsible for pooling the risks to the sector and to compensate victims of an earthquake on the archipelago.

Uncertain cost

A little over a week after the Japanese earthquake, opinions differ as to the cost of catastrophe for the insurance industry and reinsurance. According to risk modeling company EQECAT, the bill would rise between 12 and 25 billion dollars (12 to 17.6 billion euros). A range that would make it the most expensive natural disaster in history. But this estimate remains below that of another specialist, AIR Worldwide, which expects losses of between 15 to 35 billion dollars (10.6 and 24.6 billion euros).

The rating agencies consider that these figures do not endanger the insurers and reinsurers. "The losses should be absorbed by the sector without causing serious solvency problem or special financial strains," said Fitch Ratings in a note published Friday. Her colleague Standard & Poor's added that insurers have a strong financial position to face these hardships.

All, however, remains cautious. The cost of the disaster could still be revised upwards. And, as the consequences of the nuclear accident in Fukushima on the health of survivors, yet unmeasurable, insurers in the coming years could be heavily involved.

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The French car market is still enjoying the effects of scrapping. The Committee of French Automobile (CCFA), which publishes monthly figures of registrations, announced Tuesday that the French car market surged 13.7% in February 2011 compared with same month of 2010. The month of February 2011 had a comparable number of working days than in February 2010. In total, 204,486 cars were registered last month. In January, volumes were up 3.1% at comparable number of working days to just over 185,000 units.

In detail for the month of February, the French and foreign brands have failed to decide between these two groups displaying similar jump of 13.7%. French side, the Renault group (including Dacia) saw its registrations increase by 13.6% last month to 55,185 units.PSA Peugeot Citroen, meanwhile, has registered 68,658 new registrations, an increase of 11.1% compared to February 2010.

On the front of the foreign automakers, Nissan's registrations Japanese have literally soared, jumping 51.4%. With a good increase of 36.2%, GM Europe is also doing very well in France. Like its competitors Volkswagen (+28.5%), Toyota (+18.5%), Hyundai (+13.4%) and Fiat (+9.9%). Mercedes, by contrast, displays the largest gadin February. Its registrations have flinched from 31.2%.

New vehicle sales continued to benefit from the scrapping, but also new orders in January, told AFP Francois Roudier, communications director of the CCFA. "We still have orders" in January. The tone was less pessimistic than you could imagine, "he added.December was the last month to take advantage of the scrapping in France low interest rate personal loans. It was also marked by record orders, which have soared 30% to 370,000 units.

Delayed effect of scrapping

Manufacturers have theoretically until late March to deliver the ordered vehicles. Therefore the scrapping continues to have a delayed effect on registrations. But with the end of the last public support, 2011 should be marked by a relapse of 10% of the French automotive market and a stabilization across Europe, analysts said.

The amount of scrapping was lowered gradually from 1,000 euros in 2009 to 700 euros in January 2010 and to 500 euros last July. This has weighed on registrations last year. The French car market has declined steadily since April.In the year 2010, registrations fell 2.2% in France, to 2.251 million units, after a record year in 2009, during which car sales jumped by 10.7% over 2008.

Aftermath of the disappearance of this device, the household consumption of manufactured goods fell 0.5% in January, according to latest figures released by INSEE. Auto purchases declined 6.3% last month.

In exchange, 12.30 auto market figures for the month of February were greeted in a dispersed manner: Peugeot won the title and 2.03% to 29.60 euros, while Renault lost 0.36% to 44 , 25 euros. As for suppliers, Michelin gave up 0.31% to 58.82 euros, while clinching Faurecia 2.57% to 28.90 euros. Between the two, Valeo fell by 0.27% to 44.98 euros.

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Tahrir Square, Cairo, online:

Visit msnbc.com for breaking news, world news, and news about the Economy

10:55 p.m.: People are beginning to organize to camp on Tahrir Square. A great new day of action is planned for tomorrow.

10:51 p.m.: The vice president urged protesters not to listen to "satellite TV" and listen to "their heart."

10:40 p.m.: The vice president spoke in turn to state television and defending the president in ensuring that it has placed the country's interests above his own. He called on demonstrators to go home and all the Egyptians to work together.

10:36 p.m.: Obama met with his national security team after Mubarak's speech.The CIA had indeed thought that the Egyptian president would announce his resignation, a scenario that was favored by the United States.

10:27 p.m.: The Egyptian state television just announced that Vice-President Suleiman will in turn address the nation.

10:21 p.m.: A man lying on the floor of Tahrir Square. The protesters formed a cordon around him to prevent it happen trampled.

10:13 p.m.: Mubarak said in his speech that he wanted to be "buried in Egypt" and he would not leave his country under any pretext.

10:10 p.m.: The Egyptian demonstrators brandish their shoes, a powerful symbol of defiance and anger in the Arab world.

Mubarak wants to ensure the transition until presidential elections. Photo credits: TV via APTN EGYPT / AP

The euphoria of the excellent results posted by Hermes and LVMH seems to have appeased the spirits. Both groups are waging a war of trenches since Oct. 23, when LVMH reported holding more than 17% stake in Hermes, a stake raised to 20.21% since.

"I think we must stop this war," confided Thursday Patrick Thomas, the manager of Hermes, in Challenges. "Our investment is very peaceful and aims to be a movement of family support and strategy," insisted Friday Bernard Arnault, boss of LVMH. The latter is certainly still make its voice heard. "We are a shareholder peaceful but not passive, he warns.We want to be an active shareholder, but we will not be a shareholder activist. "The tone is less virulent than early November, when Thomas and Patrick Bertrand Puech summoned Bernard Arnault to" withdraw "and that it involved the management Patrick Thomas.

In recent weeks, the highest state authorities, concerned about the image of the Paris, had recommended the two parties to stop s'invectiver, until the courts decide their disputes. First, the AMF investigation for several more months, the conditions of the rise of LVMH capital of Hermes.On the other hand, the Court of Appeal of Paris will decide, earlier this summer, the exemption granted by the AMF to the heirs of the family Hermes, who want to establish a holding company owning more than 50% stake in saddle without launching a takeover bid on all the securities thereof.

In the meantime, both parties might have an interest to enter into discussions to find a modus vivendi. " Especially as the heirs Hermes and LVMH ensure all be present in the capital of Hermes for "the very long term." Officially, no negotiation is involved. But according to our information, contacts were made between LVMH and Hermes for ten days, bankers and lawyers interposed boards. And slopes are emerging, which could foreshadow a possible common ground.

Possible partnerships

Hermes side, Patrick Thomas is concerned about the narrowness of the floating action of cowhide.LVMH has acquired 20% stake, the family controlling 73%, the balance of securities on the market is too small for the other shareholders receive a quality market. He gave an indication Thursday that he believed "would float of 15%."

This certainly implies that LVMH reduces by 20% to 15% its stake. But nothing would prevent the group to stand next purchaser of the securities that the heirs would eventually Hermes in the market. Each year, there may be an "erosion" of a few tenths of a percentage point of their participation, according to individual needs. For his part, Bernard Arnault LVMH proposed yesterday that could "make a number of benefits at strategic and operational, without further consideration that our current involvement."Hermes and LVMH could therefore build partnerships that would not touch the heart of their identities, such as real estate or buying advertising space. The views are far apart, but the groundwork for a possible dialogue are asked.

In a market supported by confident and good indicators in Europe and the United States, the CAC 40 finished sharply higher Tuesday night and closed above 4000 points. A peak not seen since ten months.

And this Wednesday, the trend is green: the CAC 40 rise another 0.18% to 4019.79 points, while Asian stock markets have stayed the course early this morning and bullish as Wall Street closed last night invigorated. United States, the strong performance of IBM and Apple have reassured the financial world. And good macroeconomic news have taken over. According to that day, at 14.30 in the U.S., housing starts and building permits in December.In addition, a point of view of technical analysis, the next resistance is at 4090 points for the CAC 40.

Note, however, last night, the rating agency Standard and Poor's has warned that the debt rating of the United States "will be put under pressure" if the government does not soon a "credible plan" to reduce its budget deficit. Moody's has also deteriorated on Wednesday morning note to long-term debt of Tunisia following the recent political changes and economic disruption resulting am.

On the foreign exchange market, the euro briefly exceeded $ 1.35 on Wednesday morning for the first time since Nov. 23, the greenback fell against all currencies.The euro has received some backlash, investors buying the currency after relatively successful bond issues by European countries in difficulty budget earlier this week, including Spain and Greece.

Edenred, Ingenico, Seb and Pierre & Vacances published

Also on Wednesday, banking stocks remain controlled while the finance minister, Christine Lagarde, hopes that the new tests for strength of banks expected to be completed by late spring. The official said Tuesday that details of the tests was discussed.

Vivendi: U.S. authorities have conditionally approved Tuesday by Comcast to acquire a majority stake in NBC Universal.A step that will allow Vivendi to finalize the sale of its interest in NBCU and cash it will allocate funds to the repurchase probably from Vodafone SFR easy payday loans.

Eiffage: 6.35% to 37.25 euros The group was selected at the expense of Bouygues (-1.83%, largest drop Cac), yet the most likely candidate, and Da Vinci (+0.35% at 41 , 89 euros) to finance, design, construction and maintenance of future high-speed line (HSL) Bretagne-Pays de la Loire, a market estimated at 3.4 billion euros.

Ingenico (4.17% to 28.50 euros) announced Tuesday again raised its 2010 earnings targets after posting organic growth of around 14% in Q4.

Seb (2.26% to 80.50 euros) reported Tuesday night with a turnover up 15% for the full year 2010, to 3.651 billion euros, bolstered by its sales in China.

IMS (2.77% to 13.72 euros) ade again in the fourth quarter benefited from higher metals prices, which resulted in an increase of 38.9% of sales over the last three months of the year's leading European distributor of specialty steels.

Alstom (-0.89% to 40.28 euros) and Remy Cointreau (1.20% to 53.29 euros) will unveil on Wednesday its sales in the first nine months of their fiscal offset.

Edenred (-0.54% to 18.55 euros), the former branch of prepaid services group Accor announced a croisssance 7% of its annual sales, supported by Latin America, and confirmed that its result during 2010 will range between 310 and 330 million euros.Accor will release on Wednesday.

Pierre & Vacances (1.02% to 62.43 euros) himself has posted a 11.7% increase of its quarterly revenue, supported in particular by its activity in property development.

CGG Veritas (-1.62%) announced Wednesday the launch of a convertible bond (Oceane) of approximately EUR 315 million maturing on January 1, 2016.

BioMerieux (-0.05%) will announce its turnover for the year 2010 after market close.

Note that yesterday, Gemalto rose over 6.6% at the close Tuesday night after signing a large contract with Japan for mobile payment. On Wednesday, the correct action of 0.26%.