and nicolas sarkozy meeting the uncredible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well in a free and currency world all you need to do is manage perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consume aholic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of lies which was what sort cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold standard

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is manage perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consume aholic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of wise which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold sta

and nicolas sarkozy meeting the uncredible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well in a free and currency world all you need to do is manage perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consumer holic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of lies which was what sort cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold standard

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is manage perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consume aholic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of lies which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold sta

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith he said but every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do is that we as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is perception because you're managing consumers people who are seventy percent of the u.s. economy are trigger happy drug addled consumer hollings who are wed to their food stamp card and their credit card and debit card just manage perceptions that if you just get them to go to or from the frenzy based on a pack of lies which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on thought yeah but that worked for the past thirty something years since the u.s. went off the gold standa

i think it looks as you're indicating that angela merkel is going to get that vote. under german law, under the court ruling from last month, the parliament needs to vote in terms of these big-picture economic decisions that angela merkel then brings to the table here in brussels. so it's part of the process that allows germany's most -- europe's most important woman, the most important country arguably in this whole process, it's part of the process that allows her to come here and sit down with her fellow leaders and say, all right, i've got my parliament's permission to now start talking about the detail of this sort of level. >> you know, it doesn't look as if we're going to get to the end. day, this is billed as the big dasme i've been saying it for several days now, so, too, have plenty other reporters and commentators, but it doesn't look we're going to get to the end of the day and finally have a piece of paper that gives us details on the figures and numbers involved. it looks as though it's going to propel us forward in terms of the kind of positions that a

and nicolas sarkozy meeting the uncredible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well in a free and currency world all you need to do is manage perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consumer holic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of wise which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold stand

and nicolas sarkozy meeting the uncredible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is manage perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consume aholic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of lies which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold sta

and nicolas sarkozy meeting the uncredible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well in a free and currency world all you need to do is manage perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consume aholic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of lies which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold stand

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well if you have currency world all you need to do is perception because you're managing consumers people who are seventy percent of the u.s. economy are trigger happy drug addled consumer hollings who are wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of lies which of that sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on stuff you know but that worked for the past thirty something years since the u.s. went off the gold standard in

and nicolas sarkozy meeting the uncredible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well in a free and currency world all you need to do is manage perception because you're managing consumers the people who seventy percent of the u.s. economy are trigger happy drug addled consumer holic sewer wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into a frothy frenzy based on a pack of lies which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the us went off the gold standard

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consumer hollings who are wed to their food stamp card and their credit card and debit cards just manage perceptions if you just get them to go into off the frenzy based on a pack of lies which was what sort cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on fluff you know but that worked for the past thirty something years since the u.s. went off the gold standar

it also has merkel and sarkozy on the front page. same newspaper as i was saying just the other day had merkel, 1, sarkozy, 0, after he conceded on how to raise funds for the esfs. here are the "financial times," focusing on italy and how the coalition of silvio berlusconi is fighting for its life after the party threatened to withdraw its support from the italian prime minister because of concessions he'd have to make here when he was cornered by merkel and sarkozy at the meeting in brussels on sunday. i also want to show you what's going on in italy and how the italians view things. this is "la repubblica which isn't as flattering about berlusconi. it says the government has reached a mini-agreement to save itself, but we won't have any pensions when we get old. and also sarkozy says the situation in italy is explosive. that's a concern that italy may become the next weak man of the euro zone to face a bailout like greece. the final one i want to show you is this one. it's the german business newspaper called "handelsblatt." it say

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consumer hollings who are wed to their food stamp card and their credit card and debit cards just manage perceptions that if you just get them to go into a frothy frenzy based on a pack of lies which was what sarkozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on thoughts you have but that worked for the past thirty something years since the u.s. went off the gold

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the merkel dog and pony show in order to do exactly as the fed says in their handbook is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consumer hollings who are wed to their food stamp card and their credit card and debit cards just manage perceptions that if you just get them to go to or from the frenzy based on a pack of lies which was what sort of cozy and merkel that's all they can talk about that's how you manage the economy because there's no underlying base foundation for the economy it's all based on thought yeah but that worked for the past thirty something years since the u.s. went off the gold

and nicolas sarkozy meeting the un credible dog and pony show merkel and sarkozy so this is our guest from last week charles hugh smith and he said that every time the ugly truth of systemic insolvency rears its frightening head once again out comes the psycho's the miracle dog and pony show in order to do exactly as the fed says in their hand book is manage perception they don't need to have a plan they just need to manage perception well and if you have currency world all you need to do is perception because you're managing consumers the people who are seventy percent of the u.s. economy are trigger happy drug addled consumer hollings who are wed to their food stamp card and their credit card and debit cards just manage perceptions that if you just get them to go into a frothy frenzy based on a pack of lies which will put sort of cozy and merkel that's all they can talk about that's how you manage the economy because they're still on the line based foundations for the economy it's all based on fluff you know but that worked for the past thirty something years since the u.s. went off

charles. >> it's discomforting, really for angela merkel? for one thing she has to fight a war on two fronts. be in the bundestag and doing all the arm wrestling. i believe the constitutional court only said it was the bu bundestag budget committee and yet it was her own floor leader insisting it be a full vote in the bundestag, is that right. >> they do want parliamentary approval. one of the things said in the beginning that the budget committee would simply have to debate these new measures then they could be passed. however, it was the faction of angela merkel's own party in parliament that said we want to put it through a whole vote in parliament to get the highest possible approval and if you recall the debate going on about a month ago essentially talking about the same things said that if there are going to be any further changes to the efsf they would have to vote on it. it was unclear whether that meant the whole parliament. now they'll bring it through the entire parliament which doesn't make things easier with angela merkel becau

as we speak, german mp's and preparing to vote on a angela merkel's plan. our correspondent is watching the debate. steve, i think it is fair, is it, to say the debate and more to the point, the vote that follows is pretty much a certainty. it is the way to go through. angela merkel knows she is heading off a bank in brussels with all the right moves behind her, doesn't she? >> i don't think there is much doubt she will get the majority behind what she wants. she has been laying out what she wants. what is interesting is it is not very specific. it is very much a picture of things yet to be discussed. you sometimes get an impression of some its being rubberstamp to basically have a press conferences when stuff already been agreed. i do not think it is true this time. in terms of substance, she says banks in need to take more of a hit on what they lent to greece, and secondly, how you make the central bailout fund go further without putting more money into it remains to be discussed. >> more to the point, it is not going to be discussed today, she seems to b

the nobel decision should inspire them to continue their work, says german chancellor angela merkel. >> i think it is a good sign that three women who have achieved so much in the world have a -- have received the nobel prize for peace. i hope it will encourage more women and men to fight for freedom, democracy, and injustice. for that, they need equal opportunity in education first and foremost. in countries like pakistan and afghanistan, many parents do not want their girls to go to school. those who do they have to break off their studies because of property or early marriage. >> in saudi arabia, women are not allowed to vote. the president of saudi arabia -- leaders have vowed to change that by 2015. they are not allowed to drive cars. in many african countries, women and girls experience violence that is in debt in their culture. it is estimated that 3 million women are subjected to a genital mutilation. that is 8000 per day. raping women is used as a weapon of war on every continent. libya is just the latest example. there was reference to u.n. resolution 1325. >> resolution ma

jobs report and the merkel/sarkozy summit. good news on the euro debt crisis and the real economy in the united states. welcome back. from cnn hong kong and cnn london, this is "world business today." >> let's just stick with oil for a moment and china's biggest oil refiner, the state-owned signer pick is poised to fork out $2.1 billion for the canadian oil and gas producer daylight energy. that's more than twice the value of daylight's stock at the close of trading on friday. it's just another example of beijing's continuing effort to find energy to support china's rapid growth. investors, though, not best pleased by news of that outlay. the stock down almost 3%. traded here in hong kong today. staying in china and with energy, beijing slashed gas lone and diesel prices by more than 3%. that is about $47 a ton has brought prices down from record high levels. this is the latest bid to reign in inflation from july's three-year high of 6.5%. we get another reading on inflation in china on friday. the cpi did ease slightly in aug

merkel did not mention the eurozone's biggest problem, greece. the summit made it clear that politicians are determined to resolve the debt crisis. >> there is some good news on that front, interest rates. >> no big change there will be a new captain at the helm. the european central bank has resisted calls to cut interest rates leaving its benchmark rate at 1.5%. the ecb had been under pressure to step up efforts to stop the contagion. they were looking to help banks weather the storm. the ecb did unveil some new measures to make additional liquidity available. outgoing ecb president jean- claude trichet made firm on interest rates. >> it was jean-claude trichet's policy -- last policy meeting. he warned of an impending threats from the debt crisis. there are two new injections of all trips team funding -- injections of much needed funding. >> we urge the banks to do all that is necessary to reinforce their balance sheets, to retain earnings, to ensure moderation in enumeration and to return to the market to strengthen the capital braces. >> his

for example, angela merkel lead melted that it was impossible to know -- angela merkel admitted that it was impossible to know the complex mechanisms that would be used to leverage the bailout fund. the details have been ironed out. for that, it really remains slightly up in the air. the 50% figure for the write- down of greed that, that does not necessarily mean -- of agree debt, that does not necessarily mean all of it. there could be about 100 billion euros of debt. that means that each bank that holds public debt, as ever, a lot of the devil will be in the details. i think that the good news for the markets is that it did not end in failure. europe is facing its most difficult situation since the second world war. we're talking about a massive amount of money, huge amounts of money. consequently, a huge political risks. that's why it is havso difficul. i think it will be several weeks to tell. back in july, we had a similar deal, not nearly as ambitious as this. but at the time, we had heard similar words from leaders. then it began to unravel. this one is bigger. we will have to

even chancellor merkel and president sarkozy kind of came. they have huge divisions,. >> they did more this time than before. she actually-- . >> rose: i was raising the question because when you were here -- >> that's right, i was on charlie's show and i was saying angela merkel needed to, remembewe talked about she needs to stand up and say to the german people this is what is in the germany's interest. she has done that, she's been on german tv and making the case. and she is a very methodical person. she is a physicist, right. she's not given to grand gestures, huge great announcements. i think in here view this is a step forward it is, it is certainly not the end of the road. >> rose: so this is kick the can down the road as they say with that awful metaphor. >> it is, well, i think they've moved forward. they haven't just kickethe can down t road in the sense they put off all decisions. they made some decisions but this is not the ends of the road. they have a lot more still to do an they have to make a real firewall. a real rescue kind

the tax has been proposed by german chancellor angela merkel and french president nicolas sarkozy to raise revenue. as we heard, slovakia will back the expansion of the eurozone rescue fund despite the initial vote against it. the news give markets a boost on wednesday as investor confidence returned -- the news gave markets a boost on wednesday as investor confidence returned. >> it was simply an astonishing day here at the stock market in frankfurt. there were strong gains almost across the board, the dax leaping over 6000 points at one point in the day. people were pleased to hear that the euro bailout fund would be signed off on in bratislava. steel shares among the biggest gainers. the world steel council pleased to promote the development of production records this year and further growth, albeit a little bit weaker, for next year. there were also some pessimistic points from the steel industry, but on this day, they were simply overheard. >> let's take a look at those market numbers starting in frankfurt. dax closing 2.2% -- up 2.2%. the dow industrials closed at 11,518, a gai

. >> johnson-sirleaf's won the support of german chancellor angela merkel. johnson-sirleaf's popularity has waned. it is not clear whether her bid to be reelected will be successful. winning the nobel peace prize could provide her with the crucial boost she needs. >> the announcement is to send a message beyond africa and the middle east. the plight of women remains mired in many parts of the world. there is still much work to do in the way of fighting for women's equal rights. >> every day, women across the world fight for their rights in the face of oppression and violence. the nobel decision should inspire them to continue their work, says german chancellor angela merkel. >> i think it is a good sign that three women who have achieved so much in the world have a -- have received the nobel prize for peace. i hope it will encourage more women and men to fight for freedom, democracy, and injustice. for that, they need equal opportunity in education first and foremost. in countries like pakistan and afghanistan, many parents do not want their girls to go to s

german chancellor angela merkel is expected to issue a major statement on friday, ahead of an eu summit. >> they are important steps on a long road, a road that will take us into next year. >> the government does not revealing any details, but the finance minister has suggested banks to take a haircut on the debt that greece goes to them. -- owes to them. >> we need a permanent solution for greece, or one that we could say it would work over a longer period. grace cannot survive -- greece cannot survive it without having some of its debt forgiven. >> there are calls for banks to boost their capitalization levels. nothing is decided yet, but it is looking possible that decrease may be left off the hook. -- greece may be blocked off the hook. >> this could be the motto for this trading monday, too happy, too soon. stocks opened trading i sit on the upside after the finance ministers made statements which fueled hopes that a current solution can be found for the financial markets. and also for the banking sector. but then, during the trading day, concerns resurfaced again, concerns about h

he remains -- maintains good relations with the prime minister, angela merkel. >> the intensely debated issue may only be dared as it is prepared with the utmost care. and all the to avert something worse and to bring about structural reforms. >> despite growing skepticism about efforts to shore up the euro, he wants solidarity across europe. he reminded the chancellor about growing social inequality. he said germany endorsed equal pay for equal work as a human rights when it ratified paragraph 23 of the u.n. charter. this cannot be continuously violate it. germany's trade unions want the chancellor to remember that during these times of crisis, workers have tightened their belts more than one notch. >> sunny ericsson said it will focus on the smartphone -- sony ericsson says it will focus on the smartphone. the company announced a third quarter pre-tax profit of 31 million euros. they expect slimmer margins in the future. smartphones account for 80% of its sales. apple's iphone 4s is already selling out. fans lined up outside stores in munich to get one. the line formed before opening

debt imbroglio was set three weeks ago by nicolas sarkozy and merkel then it was delayed by three days and on the third day it came through after marathon talks which went until four o'clock in the morning under the new plan greek debt will be back to one hundred twenty percent of g.d.p. by two thousand and twenty with greek debt holders taking haircuts of up to fifty percent the four hundred forty billion euro e.f. s.f. will be used to provide risk insurance meeting that after a second one hundred thirty billion greek bailout and other is for ireland and portugal it could provide up to one trillion in firepower to deal with future crises the plan was laid out by engel merkel as head of wednesday's talks well it's a good. goal of tonight's discussion will be that. with its capacity will have a great effect on the prevention of contagion and this to tell. an impact must be great enough. the calm global markets in the lead up to this week's eurozone summit could be interpreted as confidence that e.u. leaders would pull something off to save the day but after two here is a failing to come

. >> angela merkel says for the first time wednesday, she would not block a recapitalization of troubled banks at the situation demands it. >> that is the clearest message that we have heard from the chancellor about she is willing to do to prevent another banking crisis. >> she made the comment after a meeting with the european commission president in brussels. >> the chancellor is now willing to recapitalize european banks. our correspondent is in brussels and has been following today's talks. he told us more about her stance. >> she said that she had talks with the rest of the commission over lunch. they were pressing upon angela merkel that her backing was required because of her status as the leader of the wealthiest countries in the european union. she seems to have come on board. a week ago in berlin, she was saying that there must be changed. she said today, we will see later about that. it might be necessary. she is changing her 10 slightly on bad. she is falling in behind the commission, demanding strong support from all around the state. >> it was a day of waiting and frustrat

french president nicolas sarkozy and angela merkel led the negotiations. in the early hours of the morning, they secured the deal that they wanted. >> we have excluded the possibility of a greek default. the private sector has written off half the debt that it holds. >> a writedown for greece would ease the burden significantly. that is the first of the measures. european banks hold separate losses on debt returns. they have ordered financial institutions to capitalize. they also want to upgrade the european rescue facility by leveraging. they want to increase to about one trillion euros. >> i think we europeans have demonstrated that we have made the right decision. we have identified the causes of the crisis and moved the problem a step closer to a solution. >> a solution would mean greece would be able to start earning again and fears of that contagion would be completely of laid. >> definitely some fireworks. the breakthrough did spark a global stock market rally. some stocks racking up their biggest gains in almost two years. banks have a accepted a 5

hopes of ththe western world rest on the not-broad shoulders of a woman from germany -- [laughter] merkel the go-to guy out on this entire thing the united states, because of our ownroblems, candoes not have theesources to do anything about it. as far as the congress is concerned, the end of the war in iraq will give t them an opportunity to start counting defense cuts may be creatively and imaginatively in meeting that obligion. >> but that is bogus! >> i am talking about coming to an agreement. >> where is the agreement? you have democrats still saying that we can solve this with a combination of cuts and tax increases. you have republicans saying we will do it only for cuts -- through cuts. >> absolutely nothing is going to happenn -- >> there will be a reaction if we fail to act. you talk about downgrading thehe credit rating. they have reasons to lose confidence in our ability [ mr. connally ] i was paying too much with cable. it was crazy! paying so much you want better quality. it was like you were trapped because that was the only system that was in our neighborhood -- was that ca

in brussels. -- angela merkel to negotiate in brussels. it is resisting any direct role for the european central bank. >> we must not allow a misunderstanding to develop or politicians come to expect something from the ecb. >> euro zone leaders are edging closer to the comprehensive solution they promised. it may not happen today. you can use whichever method you like. the point is, you cannot give agreement on one part until the whole deal is done. that probably will still happen. the stakes are too high for outright failure. until all the details emerged, no one knows if it will be announced. -- enough. >> police in riot gear have used tear gas to disperse a group of anti-war protesters in oakland, california. they raided the camp just to before the dawn. the occupy wall street protest over economic inequality have spread from new york city across the united states since mid- september. we have more on the first democratic elections since the arab uprising again -- began. >> election officials in tunisia said the main islamic party ennah

merkel ahead of wednesday's talks well it's a good to see. the goal of tonight's discussion and will be that the f.s.f. with its capacity will have a great effect on the prevention of contagion and this to terence impact must be great enough. the calm global markets in the lead up to this week's eurozone summit could be interpreted as confidence that e.u. leaders would pull something off to save the day but after two years of failing to come to grips with the greek debt contagion risk and other e.u. economies and the banking system that is grossly under capitalized there's been a growing sense of impatience even beyond europe the successful resolution of the current european crisis matters deeply to us here in the united states because our country has no bigger no more important economic relationship than we have with europe with a weak u.s. economic rebound still in its nascent stages and the chinese economy is slowing the sheer enormity of a new failure by that you to come up with something workable after failing for nearly two years was th

what the markets want to see is an to the merkel stand up and say that we will do whatever it takes to save italy, spain, portugal, and of the rest of the union. until that happens, you will continue to see this agreement. >> they have to appeal to voters, the global markets, and save the markets in the process. are the leaders up to the job? >> there is an old adage about europe that they tend to do the right thing or late. i think that is what is happening. it might be too late to stem the market tide parent of the banking situation and the sovereign debt situation are interlinked. -- it might be too late to stem the market tide. the banking situation and sovereign debt are interlinked. this could be a huge boon to the global economy. if not, they might sink into a global recession. >> we have heard the u.s. say that europe must get its act together and putting extreme pressure on them reaching a solution. is there anything the u.s. can do in practical terms at this point? >> know. from the point of european leaders, it is pretty rich to hear tim geithner telling them what to do. i t