far reaching that the eu has negotiated. it will be agreed upon on october 6. >> a few final changes were made and an agreement was reached. european negotiators, especially negotiators from belgium, were pleased with the accord with south korea. >> this is the first of a generation of bilateral trade agreements. they combine europe and asia together in a closer economic bond. >> they addressed italy's concerns about its industry. fiat will get a few months to protect itself for competition. after the accord comes into effect on july 1 of next year, exporters will save 1.6 billion euros in south korean customs duties. the north koreans will face a $1.1 billion reduction in customs costs. >> it is a very big step. a very big step in opening markets in asia for our countries. this will create prosperity and jobs. >> trade volume could increase by 19 billion euros as a result. >> pope benedict has criticized catholic church leaders as insufficiently diligent over decades of sexual abuse of children. he made the comments after a

far reaching that the eu has negotiated. it will be agreed upon on october 6. >> a few final changes were made and an agreement was reached. european negotiators, especially negotiators from belgium, were pleased with the accord with south korea. >> this is the first of a generation of bilateral trade agreements. they combine europe and asia together in a closer economic bond. >> they addressed italy's concerns about its industry. fiat will get a few months to protect itself for competition. after the accord comes into effect on july 1 of next year, exporters will save 1.6 billion euros in south korean customs duties. the north koreans will face a $1.1 billion reduction in customs costs. >> it is a very big step. a very big step in opening markets in asia for our countries. this will create prosperity and jobs. >> trade volume could increase by 19 billion euros as a result. >> pope benedict has criticized catholic church leaders as insufficiently diligent over decades of sexual abuse of chchdren. he made the comments after a

if the french to not change their policy, they will have to go to the eu department of justice. they could face a considerable fine if they did not treat the roma like other citizens. >> the israeli prime minister and the palestinian present have begun a serious discussion on the disputes between their people according to the american envoy, george mitchell. our correspondent was there. >> this is the city of peace as it calls itself or maybe it should be called the city of analyst peace talks. israeli and palestinian leaders met for the second time in two weeks after two years of silence. hillary clinton was there person to persuade and it to cajole as the united states fights to keep up the momentum. she is eager to talk up the prospects to silence and the doubters. it george mitchell gave a good assessment after the first session of talks. >> all of us reaffirm our commitment to reaching a shared goal for the just, lasting, and lasting peace. >> -- proper peace. >> the issue that is sticking is the settlements. the palestinians are threatening to walk away unless there is no

it is the test to the credibility of the eu's charter of fundamental rights. >> the commission says it has not yet completed its analysis of the french government's crackdown on roma. isn't so far, there's no proof that discrimination was involved. >> in northwestern pakistan where at least 21 people have been killed and another 70 wounded in a car bomb attack targeting police. officials in the town said a powerful blast toward city residential area of the police compound. the wives and children of officers were among those killed. jkohat is between taliban insurgent stronghold in pakistan's tribal areas and has been the target of several militant attacks this year. australia finally has the government after 17 days of political wrangling following an election which resulted in a hung parliament. the prime minister's labor party has managed a one-seat majority with the support of independence. she took over leadership just weeks ago in a party revolt ousting the prime minister. she is the first woman to be elected australian prime minister. >> julia gillard is to retain power by the sl

at least is very much business as usual for the french government, regardless of what the eu commission might say, but, yes, parents has been stunned by the words from the commissioner. behind the scenes, the issue has gotten so contentious that it is becoming more evident by the day, this evening, a party spoke. expressing hopes that the eu threat against france remains a threat and not a reality. they're also looking about clarifying things from the contingent's memo, which has them to expand double dealing on the part of france, mutt -- but, it may be to a late, because it seems that france has put itself squarely in the fireline. -- it may be too late. and the bill on the full face veil was passed by the french senate. it is thought this would only affect a small number of women, but critics see it as an attack on muslims. some countries are considering other measures. the ban will be in six months if it passes the constitutional courts. palestinian peace talks and without any apparent source of a breakthrough. they spoke for almost two hours. these stocks are part of the obama admi

foreign ministers from the 27 eu member countries reached the decision on thursday. last october south korea and the eu provisionally agreed to conclude an fta designed to phase out tariffs on most industrial and agricultural products. however, afterward italy strongly opposed the deal on the grounds that cutting eu tariffs on south korean cars could greatly affect its auto industry. at thursday's meeting eu foreign ministers took italy's concerns into consideration and decided to delay the launch of the fta by six months. the two sides also agreed that emergency restrictions would be issued when imports of compact cars and other vehicles from south korea suddenly increase. >> it is i think a very big step, a very big step in opening markets in asia for our companies. >> the fta document will be officially signed at the eu-korea summit. that's the eu-south korea summit on october 6th. >>> and now we check out the latest in business news. here's ines matsuyama. >> thanks, catherine. >>> tokyo stocks continued to rise on wednesday morning thanks to japan's recent moves

as you said, it has been overshadowed by the fight between the eu commissioner and the french government. when president nicolas sarkozy arrived this morning, all the questions by reporters were about the affair. he did not say anything. he's expected to talk about it later today. the heads of states have a working lunch and there is an assumption that it will be raised during that president. -- during that period. he is expected to respond. >> there you detect that the eu justice commissioner who drew parallels to the nazis in the second world war -- you believe she has a lot of support inside the corridors of power inside the european union? >> she has stepped back a little bit from what she said. she has been reined in a little bit by the president of the commission, who has tried to po ur a little oil on these troubled waters by saying that he thinks she may have gone a little bit far. although, he does say france needs to look at what they're doing. there's a great deal of nervousness in the commission about having a full onside with france given the status of france within the eu.

we must remain vigilant amid the remaining uncertainties. >> the eu says the biggest threat is a slump in economic activity, which would put a damper on exports. >> international inspectors have begun a two-week review of greece's debt. they are expected to grant them loans worth 9 billion euros. meanwhile, the truckers' union is talking about more protests. there are long lines at gas stations in athens, fearing a repeat of the july week-long strike. in addition, rail workers are expected to go on a 24-hour strike coming up. >> some have failed in an attempt to oust their major. he has been widely criticized for refusing to accept responsibility of 21 deaths in july. he has also rejected resignation calls pending the results of an inquiry. evoke among local councilors fell short of the two-thirds majority required to remove him from office -- a vote among local councilors fell short. >> inside the city hall, it was his party's backing that blocked the opposition attempt to oust him. >> the issues up and put to rest. nothing will change unless the facts change -- the issues have been p

sarkozy also talked with the eu commission had about the issue. >> president nicolas sarkozy lsd eu summit after a war of words over the controversial deportations. after clashing with the european commission president, sarkozy also angered germany by climbing berlin also plans to clear from the camps. >> merkel indicated there was going to be a proceeding of the evacuation of the camps in the coming week. we will see how calm german politics will become then. >> angela merkel's office promptly denied the claim, the chancellor and the french president had not discussed rahm in germany. most of germany's roma live in homes and hospitals, not in camps like those in france. >> in germany, there are repatriations. regardless of the country of origin, they are only carried out after a review of individual cases. that is the law in our country. anything else would not be permitted. >> sarkozy's clan that germany was preparing to follow and france's roma policy also angry eu lawmakers. >> what sarkozy said of the press conference is amazing. nearly did not have any such conversation with the germ

sarky also talked with the eu commission had about the issue. >> president nicolas sarkozy lsd eu summit after a war of words over the controversial deportations. after clashing with the european commission president, sarkozy also angered germany by climbing berlin also plans to clear from the camps. >> merkel indicated there was going to be a proceeding of the evacuation of the camps in the coming week. we will see how calm german politics will become then. >> angela merkel's office promptly denied the claim, the chancellor and the french president had not discussed rahm in germany. most of germany's roma live in homes and hospitals, not in camps like those in france. >> in germany, there are repatriations. regardless of the country of origin, they are only carried out after a review of individual cases. that is the law in our country. anything else would not be permitted. >> sarkozy's clan that germany was preparing to follow and france's romaolic also gry eu lawmakers. >> what sarkozy said of the press conference is amazing. nearly did not have any such conversation with the german ch

it would wipe out millions in duties between the eu and south korea. >> resistance to the agreement is coming primarily from italy's car industry, which fears that south korea could easily flood the market and overwhelm local carmakers. but the italians are isolated, and the e.u. is certain they will come on board. >> the commission is saying we are confident this will not be agreed today, but it is the biggest single free-trade agreement the european union has concluded with any country anywhere and they're desperate to get it done and they think will be signed by all 27 countries in october at a special summit in brussels. >> companies are looking forward to a major boost from the free- trade agreement. one study says european exports to south korea could rise by as much as 73%, to 45 billion euros. at the same time, eu imports from south korea could meet a 52 billion euros, an increase of 32%. south korea is already the fourth largest trading partner of the union. >>> the european union wants trade with pakistan to be easier to help them recover from devastating floods. foreign mini

the eu authorities assessed the soundness of 91 financial institutions. in july they announced that most of them have no problem. >>> tokyo stocks rebounded on thursday morning after overnight gains on wall street and european markets. the nikkei 225 ended the morning session up 0.8%, or 71 ticks, at 9,095. exporters led the advance as investors took their cue from a weaker yen. the dollar's rising slightly as investors sell the yen to lock in profits. 83.74-75 while the euro is at 106.56-61. sources say traders are looking out for possible intervention by japan's monetary authorities. but the dollar's rise has been minimal. even president barack obama's new stimulus package wasn't enough to ease concerns over the u.s. economy and the greenback. >>> here's a look at the latest long-term interest rates. this is a yield on the benchmark ten-year japanese government bond. in other asian marks, hang seng is up 0.4%. the shanghai key index for major blue chip is down .5%. the sse composite is up just a notch. now back to catherine. >> thanks very much, ines. >

i believe the eu should do the same. there are certain proposals on the table. for the moment, these markets are completely non transparent. >> thank you very much for joining us on gmt. take a look of some of the other headlines. for the first time in five years, a woman has been executed in the united states. teresa lewis was put to death by lethal injection in the state of virginia. she arranged of the murders of her husband and her stepson for insurance money. from lawyers argue that teresa lewis, 41-year-old grandmother, was mentally impaired. >> teresa lewis was executed for sending hitmen to kill her husband and her stepson at a trailer park in 2002. one of the gunmen became her lover. when the police became suspicious, teresa lewis quickly confessed. the case has attracted attention. executions of women are rare in america. teresa lewis had learning disabilities. her iq was 72, just two points above the legal minimum for execution in virginia. her lawyers say she was manipulated by the gunmen, and they said it was wrong that she should face the death pen

the new watchdogs will oversee banks, insurers, and securities markets across the eu. they will have the power to give direct orders to financial institutions and to ban risky products. the new agencies will start operating in january next year. but concerns remain on how effective they will be in emergencies as member nations still remain supervisory power over institutions that are based in their own country. >>> the european central bank has left its main key interest rate unchanged at a record low for a 16th straight month. the central bank decided on thursday that the interest rate on the main refinancing operations will remain unchanged at exactly 1%. it made the decision for the 16-nation euro zone during a board meeting at its hblt headquarters in frankfurt, germany on thursday. >> i'm absolutely clear the governing council has no intention to signal any change in the present interest rates, which we consider appropriate, as i said, on behalf of the governing council. >> the european economy has been slowly recovering. this has been fueled mainly by increased g

wrong. >> but for the eu commission and many parliamentarians, the dispute is much more fundamental. >> this power struggle is not new. it has been going on for ages. europe is all about deciding on a direction. it is either about setting europe up as a solution for worldwide problems or deciding to re-nationalize. >> redding says she still has to decide whether france's expulsion is in line with eu laws. if not, she will consider launching proceedings against paris at the next commission meeting. >> ireland is struggling to get back on its financial feet. >> it was a very important day for the emerald isle. things went better than expected. ireland's economy passed a key test of investor confidence this tuesday, a sale of 1.5 billion euros of government bonds that was actually oversubscribed, easing worries about the country's ability to service its debt, despite a high deficit in bank bailout costs. the national treasury and management agency says it is offering 1 billion year rose in a year bonds that will pay just over 6%, and 500 million worth that will pay just over 4.8%. the s

the aim is to ensure more transparency about the finances of eu member states. there is a mechanism to impose strict penalties on countries which breach budget deficit rules. >> the sanctions need to be semi-automatic. secondly they need to occur early enough in the process that that are essentially preventative. >> the eu monetary affairs commission only once sanctions which can be implemented immediately but the german finance minister places more emphasis on the severity of any sanctions for excess deficits, such as the threat of losing e.u. voting rights. >> how far we can go depends on the current eu treaty. i think some suggestions would not be possible under the current treaty but luxembourg the support germany's suggestion of stronger sanctions. >> other countries including spain and france are skeptical. the question even semi-automatic sanctions. hermann von runway -- rompuy has to hammer out a compromise. >> dmitry medvedev visited china and the two countries signed a number of wide-ranging agreements including energy cooperation deals. that will feed

french should try harder to tap the 23 billion the eu has made available to set up schools and provide vocational training for ethnic minorities. advocates want the french government to give these communities a hand rather than handing them a plane ticket to romania. >> france produces exclusion, poverty and slums by preventing people from integrating. and yes there is an institutional stig matization. it did not begin in july it surely exploded in the past month but it has been building up for years. it is necessary to put an end to these laws which prevent them from working legally in france . >> reporter: despite international outrage and potential lawsuits the president has decided to keep on dismantling and eliminating the gypsy camps all over the country. and the eu has set up a task force to figure out better ways it to use its helps to them them . >> brown: and to air travel, as southwest airlines sets its sight on expansion. margaret warner has the story. >> warner: in the 1980s, southwest airlines was the scrappy upstart, pioneering a new type of low-cost, low-fare, low-frill

french should try harder to tap the 23 billion the eu has made available to set up schools and provide vocational training for ethnic minorities. advocates want the french government to give these communities a hand rather than handing them a plane ticket to romania. >> france produces exclusion, poverty and slums by eventing people from integrating. and yes there is an institutional stig matization. it did not begin in july it surely exploded in the past month but it has been building up for years. it is necessary to put an end to these laws which prevent them from working legally in france . >> reporter: despite international outrage and potential lawsuits the president has decided to keep on dismantling and eliminating the gypsy camps all over the country. and the eu has set up a task force to figure out better ways it to use its helps to them them . >> brown: and to air travel, as southwest airlines sets its sight on expansion. margaret warner has the story. >> warner: in the 1980s, southwest airlines was the scrappy upstart, pioneering a new type of low-cost, low-fare, low-frills

french should try harder to tap the 23 billion the eu has made available to set up schools and provide vocational training for ethnic minorities. advocates want the french government to give these communities a hand rather than handing them a plane ticket to romania. >> france produces exclusion, poverty and slums by preventing people from integrating. and yes there is an institutional stig matization. it did not begin in july it surely exploded in the past month but it has been building up for years. it is necessary to put an end to these laws which prevent them from working legally in france. >> reporter: despite international outrage and potential lawsuits the president has decided to keep on dismantling and eliminating the gypsy camps all over the country. and the eu has set up a task force to figure out better ways it to use its helps to them them. >> brown: and to air travel, as southwest airlines sets its sight on expansion. margaret warner has the story. >> warner: in the 1980s, southwest airlines was the scrappy upstart, pioneering a new type of low-cost, low-fare, low-frills

starting out with some new regulations coming the way of the financial markets. >> the eu is trying to deliver on some bold promises. two years up to the collapse of lehman brothers in the beginning of the global financial crisis, the european parliament has approved legislation to oversee the 27-nation bloc's sprawling financial services industry. legislation will create three new agencies that will, beginning in january, supervise banks, securities firms, and insurance companies. >> in a rare display of unity, the european parliament approved legislation, creating new body to oversee banks, insurers, and markets. the new agencies will have the power to overrule national agencies and to react quickly to signs of financial trouble. >> we have been successful in passing the financial reforms, guidelines surrounding derivatives would be another important step. >> the commission intends to make short selling and trading in some derivatives safer and more transparent. these transactions are often not used to secure raw materials at a fixed price but to speculate on them, which the commissi

the eu will levy tariffs on electronic goods such as multifunction printers and liquid crystal displays for personal computers. japan, the u.s., and taiwan had filed a complaint with the world trade organization, saying that the eu's action goes against a previous wto agreement to scrap import duties on high-tech goods. last month a dispute settlement panel ruled in favor of japan and other economies. japan's economy trade and industry ministry says the country's multifunction printer imports to countries had tafshd of nearly $65 billion levied. >>> as the economy continues to struggle, japanese companies are looking abroad to expand their business. the move is prompting firms to hire employees who are proficient in english. and that trend has led to a surge in demand and cost for some english lessons. now, schools are offering educational bargains to reap profits from a rapidly growing industry. >> reporter: jun amemiya is a senior at university. he's set to work for an international hotel chain after he graduates next spring. to improve his english he's been studying online every day

the european commission has criticized the deportations, saying all eu citizens have the right of freedom of movement. so far this year, france has deported over 8000 migrants to romania and bulgaria. >> a group of roma are waiting for their flight. they are being deported by the government, despite the fact that they are you citizens. european commission have expressed concern over the policy. >> each person needs to be treated equally under eu law. there is absolutely no justification for mass expulsions. >> france has sent more than 8000 to romania and bulgaria. leading european commission officials in brussels on tuesday, the french immigration minister defended the crackdown. he said france's actions had been unacceptably caricatured and insisted paris had been scrupulously respecting eu laws regarding rights like freedom of movement. >> freedom of movement is also a source of duty, not representing an unreasonable burden on the system of social security. >> the european union says it needs more information before it can determine whether france is failing to comply with eu laws. >>

the verbal gloves came off at an eu summit in brussels today. the gloves belonged to the french president as well as the president of the european commission has the scrap over the french deportation of roma migrants. mr. sarkozy accused the commission of wounding france through unacceptable insults and drawing parallels between its deportation of room to the sort of deportation experienced during the second world war. >> for weeks now, french police have been dismantling illegal camps of roma and expelling some of them from france. the european union has threatened to take legal action, saying france is targeting particular ethnic groups. it has already led to a major row between paris and the european commission. today, it overshadowed the summit in brussels. over lunch, the french president was involved in a blazing argument with the most senior european official. he shouted that he was defending the honor of france. his anger was directed at a comment by the european commissioner that the expulsions reminded her of actions taken during world

eu -- ec and the industry. the commission itself, commissioner joseph an interim director kane are part of this. this is nothing that was done outside of the commission's realm, but there was great enthusiasm and effort on behalf of the industry professionals, so i'm going to ask the inspector to go over a brief overview of the items. i do not think we need to address every one of them at this point. ? -- at this point. i think it is only were the that we go over these issues in detail, so, inspector? >> good evening takoma commissioners, vice chair joseph, president. -- good evening. this was a collaborative effort between the police department, the commission, as well as people recognized as industry leaders, and we came together with the goal of how we can make clubs safer, and i am just going to do a brief overview so we do not belabor the light note -- night. we

eu. part of the union's anger relates to an internal french memo when mentions dimantels roma camps a priority. some see it as targeting ethnic group. >> i am against discrimination. >> i think the french government is not totally wrong. >> it's pointed out here that other countries have removed thousands of romas without attracting such criticism. and the help hasn't been fully used. but today's comments are a huge embarrassment to an embattled president, sarkozy, now he stands as playing the tough cop. so far, he has not responded to today's attack. although the french foreign ministry said. it was astonished by the comments. >> if president sarkozy was that back down. he would be humiliated. >> gavin hewitt, "bbc world news," paris. >> benjamin netanyahu has begun serious discussions with their peoples. >> that accords to george mitchell. summing up a day of egyptian talks. >> shaman sheik or endless peace talks. with the tourists oblivious to the talks, hillary clinton was there in pe

france is a part of the union and receiving a dressing down. today accused of misleading the eu. part of the discovery is an internal french memo making a mention of dismantling the roma camp a target. they could face legal action. >> it's a shame of france, i am against discrimination. >> i think that the french government is not necessarily wrong. >> it's pointed out that other countries have removed thousands of roma without attracting such criticism. and the earmarks to help these groups haven't been fully used. but today's comment is a huge embarrassment to the french president. and now stands a tough cop to collapsing his unpopularity. >> if president sarkozy was to back down, he will be humiliated. and if he continues, france remains a confrontation with the european union. >> the area around the eiffel tower in paris has been reopened to the public after the police found a false alarm. about 2,000 people were told to leave the area, the police combed the area and nothing found. there was a breach of press freedom lords. accused of the presidency of the high level governme

the fact that the eu is for the moment extremely weak in the process. politicians from brussels have to understand they have no right to take compromise, any compromise regarding anybody even sarkozy. that means abandoning principles, and principals have no right to die. -- principles have no right to die. >> this has poisoned relations between france and the european commission. if you weeks ago, commissioner redding compared the actions to mass deportations by the nazis. >> this is a situation i thought europe would not have to witness again after the second world war. >> the french president was infuriated. >> everyone here was deeply shocked, especially given our wartime history. these words were deeply wounding and insulting to my fellow countrymen. >> the european commission has stopped short of immediate legal action over the treatment of roma migrants, but brussels is threatening legal sanctions against france if the country does not fall into line within the next two weeks. >> it now looks pretty certain that north correa's ailing leader, kim j

eu -- ec and the industry. the commission itself, commissioner joseph an interim director kane are part of this. this is nothing that was done outside of the commission's realm, but there was great enthusiasm and effort on behalf of the industry professionals, so i'm going to ask the inspector to go over a brief overview of the items. i do not think we need to address every one of them at this point. ? -- at this point. i think it is only were the that we go over these issues in detail, so, inspector? >> good evening takoma commissioners, vice chair joseph, president. -- good evening. this was a collaborative effort between the police department, the commission, as well as people recognized as industry leaders, and we came together with the goal of how we can make clubs safer, and i am just going to do a brief overview so we do not belabor the light note -- night. we will be grouped into three things. what we believe would be wise and prudent, mandated conditions that could potentially be with your approval goi

he said the agreement would be indispensable for the economic development of japan and the eu nations. kan agreed and stressed the importce of an ely srt to talks. >> a team of experts from the u.s. space agency nasa has advised chilean officials to be honest with the 33 miners trapped deep in a mine about how long it is likely to take to get them out the ur-member team met chile's health minister and other officials in the country's capital santiago on tuesday. speaking to reporters after the meeting, the nasa experts expressed concern over the miners' weight loss. they say the priorities include increasing the miners' calorie intake, getting them on a regular sleep schedule, and at the request of the chilean government nasa dispersed a team to share knowledge gleaned from prolonged stays in confined areas by astronauts on space missions. chilean workers on monday ben drilling a shaft to rescue the trapped miners and reportedly managed to excavate eight meters. about 1% of the target depth in a little less than 24 hours. >>> japanese prime minister naota kan has been in the top job f

the international monetary fund and the eu. but the timing cannot be worse. on tuesday, dublin plans to issue an additional bonds, which could be expensive. >> on to the markets and shares in frankfurt started the week off on a very positive note. at the close of trading monday, the dax was within a single percentage point of its high for the year. our correspondent sent us this summary of the monday trading session. >> at the beginning of this session, nobody would have believed that the market would rocket like it did at the end of this day, because the market has been driven down by concerns concerning the debt crisis in the euro area. there have been rumors that greece would delay its stress test of banks. this led to fears that many of these banks may tumble. on the other hand, everybody looked at the economic data. housing prices did not rise last month, but at least they did not fall. this led to this rally we have seen here in monday trading. >> thank you. we can stay in frankfurt for a closer look at monday's numbers.

in addition, a special group attached to the european central bank would keep watch over the eu's entire financial system and issue warnings about potential economic risks if necessary. >> the royal bank of scotland has announced that it will be cutting another 3.5000 jobs. the layoffs will affect the and ministrations centers across britain. the bank has already shed some 20,000 jobs in the last year and continues efforts to lower costs and improve profitability. currently, rbs is 83% owned by british taxpayers. during the financial crisis, the bank received a government bailout worth about 24 billion euros. that is your business update. back to news of people spending down the hatches on the east coast of the united states. >> absolutely. hurricane earl is bearing down on the u.s. east coast, heading for north carolina's barrier islands. the u.s. national hurricane center says the storm has weakened to a category 3, but that still means that sorry to to 195 kilometers an hour this center is expected to pass near north carolina's outer banks and the coming hours before moving north alon

in addition, a special group attached to the european central bank would keep watch over the eu's entire financial system and issue warnings about potential economic risks if necessary. >> the royal bank of scotland has announced that it will be cutting another 3.5000 jobs. the layoffs will affect the and ministrations centers across britain. the bank has already shed some 20,000 jobs in the last year and continues efforts to lower costs and improve profitability. currently, rbs is 83% owned by british taxpayers. during the financial crisis, the bankeceid a vernment baout rth about4 billion euros. that is your business update. back to news of people spending down the hatches on the east coast of the united states. >> absolutely. hurricane earl is bearing down on the u.s. east coast, heading for north carolina's barrier islands. the u.s. national hurricane center says the storm has weakened to a category 3, but that still means that winds be sorry to to 195 kilometers an hour this center is expected to pass near nor carolina's outer bas and the coming hours before moving north along the a

the international monetary fund and the eu. but the timing cannot be worse. on tuesday, dublin plans to issue an additional bonds, which could be expensive. 3>> on to the markets and shares in frankfurt started the week off on a very positive note. at the close of trading monday, the dax was within a single percentage point of its high for the year. our correondeent us this summary of the monday trading session. >> at the beginning of this session, nobody would have believed that the market would rocket like it did at the end of this day, because the market has been driven down by concerns concerning the debt crisis in the euro area. there have been rumors that greece would delay its stress test of banks. this led to fears that many of these banks may tumble. on the oer hand, everybody looked at the economic data. housing prices did not rise last month, but at least they did not fall. this led to this rally we have seen here in monday trading. >> thank you. we can stay in frankfurt for a closer look at monday's numbers. the dax

,eu, or in california. so there's a question whether the community wants their credit emission to leave the community but still, there's a lot of opportunities to others that may need assistance reducing the emissions. >> all right.. thank you. i think we're just about out of time and i wanted to just take the last couple of minutes to remind you that the website will be open. do you know how long laura? your going to talk about that. you have cards and you can put any comments on that. particularly if you have thoughts about what we, as agencies can do collectively to address to both prevent and address the impacts of climate change and, question two, is what specific things are you doing now to address it and would you like to share with other agencies and people involved in water supply. thank you alright. so much for being so active, and bringing such thought full comments to the general discussions. i want to thank our panelist for being energetic and having fresh thoughts after 36 hours of focussing o

the fact that the eu is for the moment extremely weak in the process of decision taking. politicians from brussels have to understand they have no right to take compromise. any compromise regarding anybody, even sarkozy, means abandoning principles. principles have no right to die. >> this issue has certainly poisoned relations between france and the european commission. a few weeks ago, commissioner reding compare french actions to mass deportations by the nazis during the second world war. >> this is a situation i have thought europe would not have to witness again. not after the second world war. >> the french president was infuriated. >> everyone here was deeply shocked, especially given our wartime history, and these words were deeply wounding and insulting to my fellow countrymen. >> the european commission has stopped short of immediate legal action over the treatment of room migrants, but brussels is threatening legal sanctions against france if the country does not fall into line within the next two weeks. james robbins, bbc news. >> it signals a historic change

unions handed in a petition today to the eu office in athens. across europe, and millions of jobs have been lost since the global financial crisis began two years ago. the recovery is still fragile. brussels,ross to where we are joined by christian frazier. is this protest as big as they say is? >> it is starting to look that way, george, yes. i just met with teachers from romania, miners from belgium, you name it. they're all here. the message is all the same -- no to austerity. it is. y.rsus austerity appe it is the same sort of social injustice, this mood of frustration and the spirit that has seen big protests. >> you make it sound -- i'm sure you're right. there's this feeling across all these countries. one must remember that in germany, for example, workers have taken on the sacrifices. >> yes, very much so. they are leading the economic recovery. a handful of other countries in europe have shown some green shoots of growth. everyone on both sides of the debate recognizes how fragile the recovery is. it really depends on which side of the

austerity measures as part of a deal to get a large bailout from the eu. he argues by allowing new truck drivers to go into business freight costs will fall. greek mp's are due to vote on wednesday. many say they will not rest until this is blocked. >> this is "bbc world news." buried under a norwegian mound. the military has quarters ready and less -- in case the arctic becomes a global background. the fed was ready to take more action to support the economy. >> it sounds great, who doesn't want to pay less for things? but the central bank is worried prices are falling too low. that could be bad for investors and businesses. ben bernanke and his team are not ready to provide additional stimulus. one of weeks but remains jobs. >> the biggest problem in the economy is we have lackluster jobs growth. it starts at the small and medium business level. >> it would be a job creator but he has been rejected for financing banks. he is actually turning down work because they cannot afford to take it on. >> if is a very big product -- project that will pay us a lot