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It is a non-final, which sounds like a challenge to international pressure: the Icelanders did not want to spend their lives to pay the bill left the bank Icesave. Saturday, they have rejected more than 93%, the repayment plan to Great Britain and the Netherlands for around 3.8 billion euros, lost in the collapse of Icesave, in October 2008. A firm that could pay off: yesterday, said London was ready to "be flexible" in the coming negotiations.

"There is every reason to congratulate the people of Iceland. The result was clear, "welcomed the President Olafur Ragnar Grimsson. In January, he had refused to sign the bill says Icesave, narrowly passed by Parliament. Under public pressure, he preferred to call a referendum."The public understands that we must be treated as a sovereign nation and not be intimidated by the British or Dutch," exclaimed Magnus Arni Skulason, founder of the movement indefence opposed to the agreement Icesave. For indefence it was deeply unfair to place too heavy a bill – 100 euros per capita per month for eight years – on the shoulders of a ruined country.

London said he was "flexible"

After a strange country where no one had called to vote yes, this result is "not a shock to the government," relativized the first Social Democrat Minister Johanna Sigurdardottir. Like several of his ministers, she herself had chosen to abstain … But such a tidal wave put the coalition into a corner cash advance america ."These results represent a serious warning to the government, says Olafur Isleifsson, professor of economics at Reykjavik University. By abstaining in the vote crucial to the nation, they showed that they were very distant from the people. "

Rejecting any possibility of resignation, Johanna Sigurdardottir said there was "(our) duty to resume negotiations" with London and The Hague. "It is important that we do so as quickly as possible," added the Minister of Finance, Steingrimur Sigfusson.It would be difficult (to reach an agreement) if we approached the elections too. "The elections are due in May in Britain and in June in the Netherlands.

To the President of Iceland, the ball is now in the court of London: "The main question now is: what will Gordon Brown?" The British finance minister, Alistair Darling, responded on Sunday: "We are prepared to be flexible "he admitted, noting that the reimbursement would require" many, many years. " As the government of The Hague, he assured to remain "involved in finding a solution."

Another failure of talks might push a little further in the Iceland crisis, delaying a bailout plan of 3.3 billion euros pledged by the IMF and Nordic countries.Some analysts say it could hamper his candidacy for the European Union, giving London and The Hague a reason to oppose it.

Finance ministers and central bankers of the G7 (U.S., Canada, Japan, Germany, France, Italy, United Kingdom) are found on Friday and Saturday in northern Canada (see below). As Barack Obama lashed out Wednesday at the undervaluation of the yuan, "matters relating to the Chinese currency (are) in all minds," said Treasury Secretary Tim Geithner, suggesting that the subject would be treated by the G7.

Officially there is indeed no agenda, and contrary to tradition will be no statement issued after the meeting. "We want to rediscover the" spirit of Rambouillet "historic first G7 in 1975, and have a" chat by the fireside "freer," says one does in Paris.

There is also evidence that the G7 keeps all its usefulness, although the creation of the G20 seems to have finally stole the palm as an instance of global economic governance. The G7 countries are convinced that they have specific interests in common, as explained by a European central banker. "Our currencies are the only ones to be truly flexible, and also we can not forget that our economies have pushed capitalism to the brink!" Quipped the great European treasury.

Debt relief in Haiti

The G7 countries recognize the need to reorganize their respective banking systems, which – and alone! – Were behind the financial crisis of 2008.Mario Draghi, participate in debates with his two hats as governor of the Bank of Italy and Director of the Financial Stability Board, the international body created by the G20 to coordinate international regulation of all financial institutions, and not Only banks.

As for currencies, it is true that the G7 currencies are virtually alone, with few exceptions including the Swiss franc, which float freely, for better or for worse. The remarks made Wednesday by Barack Obama against the yuan, strangely overlapping language of Nicolas Sarkozy vis-à-vis the dollar. "The price of currencies and their accuracy is one of the challenges we face on the international level to ensure that the prices of our products are not artificially inflated and those of their equally artificially lowered," said U.S. President.

Even if the G7 should lead to no decision, according to a spokesman for the German Finance Ministry, announcements could be made regarding Haiti. The U.S. Treasury first raised the issue of debt relief for Haiti. Dominique Strauss-Kahn, the IMF managing director and Robert Zoellick, President of the World Bank participate in the Canadian meeting.

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The ISP has been created by the government in late 2008. It is owned 49% state and 51% by Caisse des Depots et Consignations. With 20 billion euros of capital, announced its objective is to develop French firms in terms of growth and competitiveness. On this point, some investments are discussed. Its scope is as follows: enter capital firms involved as a minority without trying to take control. Then accompany the medium-long term while seeking profitability to finally get out as soon as the financial health of society will be improved and that its shareholders have been reconstructed. In a year of existence, it became a capital of 14 companies, and promised to take stakes in four other companies.The sequence of dates for achieving such equity.

February 25, 2009:

The ISP has acquired a stake in Valeo to 24 million euros which provides 11% stake in the automotive supplier. He becomes the second largest shareholder.

April 14, 2009:

He completes his entry to the capital of the aerospace supplier Daher up to 65 million euros. Daher, Socata has taken over at Airbus has launched the construction of a new plant in Nantes for the manufacture of advanced aircraft structures.

April 28, 2009:

The FSI between capital Farinia Group, a leading French processing of metals, up to 20 million euros.

02 May 2009:

Between the capital of the company to Led Lite, specializing in the field of lighting based on high brightness LED for 2 million euros.

June 26, 2009:

The ISP releases 10 million euros for the company 3S Photonics, an SME in Ile-de-France is a leading global electronic components for telecommunications networks.

1st June 2009:

He pays 160 million euros to the U.S. TPG Capital to buy him 8% of the French specialist in smart cards, Gemalto.At present, this remains the biggest investment made by the ISP.

July 6, 2009:

It acquires 5% stake in Nexans, the worldwide leader in the cable industry following the acquisition of shares in the market for 58 million euros.

July 20, 2009:

The brand toys Meccano announces fundraising of 4.4 million including 2.2 from the ISP via CDC companies.

July 22, 2009:

Frey News Energy, a company generating electricity from renewable energy sources, announced a fundraising of 15 million euros, of which 7 million euros from the ISP.

09 September 2009:

The ISP has crossed the threshold of 5% stake in Technip following the stock market for 90 million euros.

1st October 2009:

The fund participates in the capital increase Forenap group, specializes in pharmaceutical research in neuroscience, to the tune of 6 million euros.

06 October 2009:

He participated in the recent capital increase of Groupe Carbone Lorraine to now hold more than 5% by injecting 10 million euros.

October 22, 2009:

The ISP is investing 7.5 million euros in Dailymotion, one of the leading sites for sharing videos.

November 18, 2009:

It provides 25 million euros in biotech company NicOx, and thus takes possession of 5.1% of its capital.

In the coming weeks:

The fund will pay 10 million euros in Mecachrome as part of a recovery plan and 10 million euros over the proposed takeover of manufacturer and automotive supplier Heuliez.It will invest a maximum of 117 million euros in capital increase of Cegedim. The ISP will thus have a shareholding of approximately 15%. He is also preparing to inject 6 million euros in Avanquest Software, a French manufacturer of consumer software business and also as part of the capital increase planned for early 2010.

The ISP has also carried out a series of reinvestments in the amount of nearly 10 million euros to accelerate the development of companies of which he became a shareholder in the context of the contributions made by the Caisse des Depots et Consignations.