of a bank in frankfurt germany, the outgoing c.e.o. and we do not know where the bomb my have been headed or where it was from, the banks are on alert and we will get you more in fact as it comes in. i will see you back at 7:00 eastern and "your world," starts eastern and "your world," starts in three minutes.oved to reduce the risk of heart attack and stroke in patients who have heart disease or risk factors for heart disease. it's backed by over 19 yes of research. [ femalannouncer ] lipitor is not for everyone, including people with liver problems and women who are nursing, pregnant or may become pregnant. you need simple blood tests to check for liver problems. tell your doctor if you are taking other medications, or if you have any muscle pain or weakness. this may be a sign of a rare but serio side effect. [ man ] still lo that wind in my face talk to your doctor. don't kid yourself about the risk of heart attack and stroke. if lipitor's been working for you, stay with it. lipitor may be available for as little as $4 a month with

they were both appointed by fdr but frankfurt frankfurter moreover had represented represented the naacp and represented sacco and vanzetti in their appeal. lucifer supreme court justice to hire a black clerk. it was then excruciating for him to be accused of defending white supremacy even if it was in the service of traditional restraint. having stated his position quite boldly warned warren went easy on what to do. he was open to gradual remedies for addressing his constitutional problem. perhaps most importantly was the tactical decision he made which was asking the justices not to record their vote said they. typically they record their tentative votes and there is a record of it. but he didn't want them to lock into position on the issue. instead he proposed that he and the brethren talk the issue over and formally over the coming weeks and with that is great and in seasoned politician went to work. among those who nervously awaited the outcome of that work was the president who had appointed him. so in the course of researching my eisenhower book i met john eisenhower and he descri

let's stick closer look at numbers now in at frankfurt. be -- the dax closed at 5198. in new york, trading volume was then. the dow jones industrial in negative territory at the moment, and the euro was trading for $1.29. hundreds parliament has passed a controversial law that critics say destroy the independence of the central bank. new law strips the president of the right to appoint deputy's and creates a politically- appointed vice president. earlier this month, standard and poor's and moody's downgraded hungary's bond rating to junk status. it looks like yulia tymoshenko led a sad new year's eve. >> yes, she will be staying in prison. the former ukrainian prime minister has been transferred to or remote prison where she will serve out the rest of her seven- year sentence. the leader of ukraine's orange revolution was convicted of abuse of power in october. and appeals court upheld the sentence last week. the eu has expressed concern that the charges against her are politically motivated. >> yulia tymoshenko was taken away from this detention center early friday mo

let's stick closer look at numbers now in at frankfurt. be -- the dax closed at 5198. in new york, trading volume was then. the dow jones industrial in negative territory at the moment, and the euro was trading for $1.29. hundreds parliament has passed a controversial law that critics say destroy the independence of the central bank. new law strips the president of the right to appoint deputy's and creates a politically- appointed vice president. earlier this month, standard and poor's and moody's downgraded hungary's bond rating to junk status. it looks like yulia tymoshenko led a sad new year's eve. >> yes, she will be staying in prison. the former ukrainian prime minister has been transferred to or remote prison where she will serve out the rest of her seven- year sentence. the leader of ukraine's orange revolution was convicted of abuse of power in october. and appeals court upheld the sentence last week. the eu has expressed concern that the charges against her are politically motivated. >> yulia tymoshenko was taken away detention center early friday morning. she

of this report from the frankfurt stock exchange. >> towards the end of the trading session here in frankfurt, there was some trading on the market, but the germans were up 11% on all weekly scales. the market liked what angela merkel had to say, the prospect of more concerted union in the eurozone and the european union next week inspired confidence among investors. also, investors are trusting in the capacities of the european central bank. its directors will meet next week. they may decide on another interest rate cut for the eurozone. >> let's have a closer look at some market numbers. in frankfurt, the blue-chip dax closed up a. there it is. the your stocks 50 -- eurostoxx 50 closed up. in new york, the dow jones is up just a tick. closing at 34 06. china's deputy foreign minister has ruled out using the country's vast foreign exchange reserves to bailout europe. european leaders have asked china to support struggling countries by investing in the emergency stability fund. janice currency reserves are the biggest in the world, but -- china's currency reserves are the biggest in the world

floor in frankfurt. on the one hand, moody's said that the outcome of the meeting in brussels, which had been not sufficient, but on the other hand s&p said that they were very specimen -- pessimistic. meaning that germany could week -- lose its aaa rating and that financial shares are under pressure. this led to heavy losses for these shares, going down sharply. >> we can stay for a closer look at monday's numbers and the dax. it fell by nearly 3.4% to 5785 points. across the atlantic, in new york, the dow jones is trading lower by nearly 1.8%. on currency markets, the euro is also weaker against one u.s. dollar. shares in kommetzbanc gave up 8% after they reveal the day had been undergoing with talks between the german government on state aid. they want to avoid a state aid and desperately need to look raise 5 billion euros in fresh capital by mid 2012 to meet the new rules set by the european banking authority. germany's second-largest bank was able to raise a similar amount from shareholders in june

let's take a look at the friday market numbers, starting off in frankfurt. germany's dax ended down by

reactions here in frankfurt on the exceptional step of the ecb. the flooding with money is a sign, on one hand, for a functioning money supply, but the huge demand is seen as a very serious crisis signal. the german dax surged at first before falling back into negative territory. and the euro also lost momentum. very bad news from the german ziller industry. seller millennium filed for bankruptcy, and the shares lost more than 60%. -- spiller millennium filed for bankruptcy. only a week ago, another solar company filed for bankruptcy. >> let's look at the numbers. beginning with the tax, ending the day down by almost 1%. euro stoxx 50 down by 0.80%. the dow jones industrials also in negative territory, down by 0.25%. the euro trading for $1.3040. fitch has warned it could downgrade 41 italian local governments as the threat of a recession is looming in italy. third quarter data shows the economy there contracting for the first time since 2009. italian gdp shrank by .2% after slight growth in the first out of the year. the debt crisis and tough aus

because of the fact that the bank has been able to raise some fresh capital. >> was set in frankfurt for a closer look at thursday's numbers and germany's dax. it finished the day up by nearly a full percentage point. your stocks 50 also finishing higher. across the atlantic in new york, the dow is up by .5%. the euro also higher, back above $1.30. general motors opel subsidiary in germany is still recovering from the credit crisis of 2008, it is pegging its future on a new generation of electric cars. problem, however, is that its flagship hybrid engine model is having some trouble at the starting line. >> it is the first model in a new generation of more environmentally friendly vehicles for opel, but sales have been put on hold now that a similar hybrid vehicle for another company failed a safety test in the united states. it is bad news. sales have dropped off dramatically at general motors' german subsidiary, and the hope was that this year could mark a turnaround. in 2008, opel sold nearly 1.5 million vehicles. sales fell the following two years in spite of germany's cash for c

because of the fact that the bank has been able to raise some fresh capital. >> was set in frankfurt for a closer look at thursday's numbers and germany's dax. it finished the day up by nearly a full percentage point. your stocks 50 also finishing higher. across the atlantic in new york, the dow is up by .5%. the euro also higher, back above $1.30. general motors opel subsidiary in germany is still recovering from the credit crisis of 2008, it is pegging its future on a new generation of electric cars. problem, however, is that its flagship hybrid engine model is having some trouble at the starting line. >> it is the fst model in a new generarationf more environmentalllly frndly vehiclcles for opel, but sales have been put on hold now that a similar hybrid vehicle for another company failed a safety test in the united states. it is bad news. sales have dropped off dramatically at general motors' german subsidiary, and the hope was that this year could mark a turnaround. in 2008, opel sold nearly 1.5 million vehicles. sales fell the following two years in spite of germany's cash for c

we have this report from the frankfurt stock exchange. >> it seems absurd. the european central bank is lending billions to the banks, and the banks have nothing better to do that and at the next moment carrying it back to the ecb. but the uncertainty, the insecurity, the mistrust is so big that the banks see no other alternative. at the moment, they fear that the euro sovereign debt crisis will sooner escalate than calm itself. not much changed this first day after the christmas holidays. people see it continuing that way until the end of the year. if it has rising potential and people see it more next year than in his last few days this year. adidas, the sports article manufacturer, very confident on the future that the share unimpressed, unchanged. >> let's have a closer look at some market numbers beginning in frankfurt were germany's blue- chip dax closed the session slightly in positive territory. euro stocks 50 closed flat at 5290. the dow jones industrials up by .5%. the euro is trading at $1.366. china says it will cut red export quotas by 26% in th

the frankfurt floor. the dax was surging. the mood was very good. the main driver was very positive business confidence and the most important message for traders the companies are more optimistic for the future. and a very successful bond auction of spain. but it was not a good day of shareholders of this company. at&t disappointed traders and put pressure on the share price. >> that was dorothy holes in frankfurt. the spanish bond sale was a huge success, as markets seem to trust and the new government's ability to carry out the necessary austerity measures. spain managed to sell 5.4 billion euros of government bonds, an average yield of less than 2%. last month, they had to pay three b's and more. yields fell at that -- as the ec be prepared to start offering banks a limited three-year loans later this week. germany's business confidence in the spanish bond sale gave shares a boost on tuesday. let's have a closer look it's a market numbers now. the blue-chip dax closed the day up by more than 3%. the e

or brussels do you agree just finally you're talking about what happens in frankfurt brussels in effect what happens to the euro zone the euro itself many predicting it could collapse what are your thoughts about that just briefly. here world the euro can't survive in its current format what we saw last week apart from the u.k. veto was once again a copout from the european leaders they haven't come up with a comprehensive solution so we're seeing a third a muddle through i don't think it's going to collapse but difficulties will remain to survive in its current form to the euro area needs to become a political union the germans have a clear mandate but what we saw last week we didn't see enough comprehensive action to remove all the immediate worries overhanging either the european economy itself or the euro currency itself dr jerrold lyons great to talk to you thanks so much for your time chief economist at standard chartered bank in london thanks a lot. well on our website r.t. dot com we're interested in your opinion what can be done to save the struggling eurozone so far mostly mon

hi, i am junior at frankfurt high school in frankfurt, indiana. my goal is to go to indiana university in bloomington and enter medicine. i want to help patients who do not have medical insurance. i would like to thank the national aids memorial grove for helping me to make that possible. in my essay, i wrote about how hiv/aids residence with me because they prevalent prob coma teenage girls get pregnant and arid risk of hiv/aids, since they do not use protection but also, teenagers in the community are not aware of the dangers of not knowing about their hiv status. many people can be safe and supported it they know their status. i hope more support groups become available in my area, because there are many who need education and support. i am currently working with my school to organize a health fair to inform people about hiv. i would also like there to be hiv testing available said teenagers can know their status. thank you. and now, those are very proud to introduce mary martinez, our second winner from mission high school in san francisco. [a

we have this report from the frankfurt stock exchange. >> investors have become much less concerned they may not get their money back if they invest it knout in the eurozone government bonds. this became very clear if this thursday. at auctions of new french and spanish government bonds and bills, demand of investors was very high. the yields on many of the eurozone government bonds came down significantly. bond traders gave several reasons for this. one is the concerted action of the central banks of this wednesday. then the installation of the leveraged bureau rescue fund, -- euro rescue fund, and talk of the imf standing ready in case of another emergency in the eurozone. >> the closing market numbers, starting in frankfurt, the blue- chip dax closed down the close to 1% creditthe euro stoxx 50 was down 0.75%. the dow jones is currently down a quarter percent. and the euro is trading at $1.3456 credi. >>> the executive has extended a crisis plan that makes it easier for governments to bail out banks. it was introduced by the competition commissioner, but it weakens the rules. the plan

service personnel killed in frankfurt earlier this year. a man is being tried for that now. a similar group of four men who were planning a car bomb attack in germany, who were sentenced to lengthy jail terms just last year. the threat remains even if, in this case, there was no concrete target as far as we know. >> thank you very much for that update. russian prime minister vladimir putin is accusing the u.s. secretary of state hillary clinton of provoking the unrest surrounding last weekend's election. it is the first time he has commented on the unrest that has gone on nonstop since monday. protesters claim sunday's parliamentary poll was rigged by putin's united russia party. >> russia's security forces say they are prepared, should more protests erupt. the kremlin has deployed to strategic areas around the city. the increased presence is an outward show of strength. after days of silence, prime minister putin finally, did on the protests. >> u.s. secretary of state hillary clinton said the election was not free or fair before the electoral commission and even published

one reason why car shares have been down today. >> we will stay in frankfurt for a closer look at the numbers for wednesday. the dax finished the day down by more than 1.7%, 5675 points. the euro stoxx 50 also dipping by more than 2.4%. in new york, the dow down by more than 1.3%, 11,007 never notified. on currency markets, the euro is very weak, trading at $1.2975. trade tensions are growing between the world's two biggest economies, the united states and china. the u.s. commerce department says china will begin charging import duties on passenger cars and suv's and exported to china beginning this week to the new duties will effectively at 20% to the cost of vehicles that are built in the u.s. and sold in china. the news affect america's top three automotive names, the foreign brands built in the u.s., including mercedes and bmw, will also be suffering. the import duties are only the latest round in ongoing trade war between the u.s. and china. back to brian. >> today the white house. president barack obama has marquees symbolic end of america's war in iraq, welcoming home hundreds

mail bomb was ahead to the head of deutch bank in frankfurt. it was packed with explosives and say shrapnel but did not blow up. >>> former illinois governor rod blagojevich has 71 days to turn himself in and begin serving his prison sentence. he was convicted on 18 corruption charges including trying to sell president obama's vacate senate seat. prior for sentencing, blagojevich apologized and asked the judge for mercy. >> this is a time to fight through adversity. this is the time for me to be strong for my children, be strong for patty and this is also a time for patty and me to get home so we can explain to our kids, our babies, amy and annie, what happened what all this means and where we're going from here. >> jurors from blagojevich's corruption trial said she agreed with the stiff prison sentence of 14 years. >>> harry morgan has died. he was best known for his role of colonel potter on mash. the show went on to become one of tv's most successful prime time series earning morgan and emmy. morgan's family tells the associated press the a

in frankfurt and brussels and luxemburg that would be wrong the franco german axis is telling countries what to do and those countries that are outside of the euro will be able to benefit because they will have their own currencies which can be competitive and can compete in the world rather than burdened by the excessive regulation to bureaucracy of the european union robert you're a learned man in our expert here you don't agree with what. barack obama has come out and said he's said that europe is wealthy enough that there's no reason not to solve the economic problems sweeping the continent say he is hopeful so there's going to happen tomorrow what do you think of his comments well that's the audacity of hope isn't a really it's what we would expect from president obama but the issues in the you are the are so severe that there's threats to even downgrade germany's debt status even some credit rating agencies even thinking that germany might not be able to pay its debts is that severe and really the heart of the issue is the euro and just propping the euro are artificially or just g

right he's i got this one of their life for us in frankfurt thank you. for watching r.t. live from moscow one person has been killed some seventy people injured after a taliban suicide bomber targeted a nato military base in afghanistan the attack occurred just south of the capital kabul a suicide bomber is said to have used a truck packed with explosives and caused more concern now about just how stable the country is as a foreign combat troops start their withdrawal ahead of a two thousand and fourteen deadline to leave although a substantial presence is expected to remain to train locals but it's too late i am a child here from the gentile school of international affairs in new delhi things that by staying in the region because pushed through their own goals. it's an unfortunate historical reality that long after the immediate security needs in the rat race on the shore for us forces is all over this story on there will be says and then we hunker down and that is you know people you know we united states has view security through the lenses of its military bases which

frankfurt's main index closed up for the week. the german chancellor, angela merkel, has warned it will take years to resolve the situation. >> at this critical time, here is the european central bank celebrating the 10th anniversary of the instruction -- truex -- intro dux of the euro bank know. >> the euro. our money. >> in the german parliament today, angela merkel was looking for a plan that would save the single currency. her ambitious idea is for the countries to be bound more closely together, with tough rules to prevent governments overspending. >> anybody who just a few months ago would have said that we were introducing very serious steps, for a fiscal union, would have been considered crazy. >> she said, however, that fixing the crisis was a process that would take years. at the heart shall the lateful -- of the latest plan by angela merkel is what is called a fiscal union with tighter control over tax and spending. there were be sanctions against countries that broke the rules, with offenders possibly being taken to th

. >> financial officials in europe looking at the markets with more from frankfurt. >> the ambitious austerity package from the monti government inspiring confidence after the speculation that next to the euro rescue fund and the bond purchasing of the european central bank to come a third line of defense could be installed to protect the euro as a currency and the eurozone. a line of defense including the international monetary fund, the imf, and said it to be reinstalled as the german sovereign bank fund which may help german banks to put bill the new capital requirements installed by the european union. one bank that is said to need the help, potentially, of this rescue bond is commerz. >> here are some of the closing numbers, the blue-chip dax closing higher. 2369 in new york on the dow in late trading. there they are a 12,300. euro at $1.3378. back to you. >> thank you for that, steve. secretary of state clinton says the u.s. as serious concerns about the russian parliamentary elections speaking on the sidelines of the afghanistan conference in bonn. the independent election mon

. >> it does not take into account of the frankfurt-german proposal. >> the talking continues as many eu leaders gather in marseilles for a political conference. the european central bank meets on thursday with the crisis at the top of the agenda. and then the summit in brussels to consider the merkel-sarkozy plan. in berlin, shoppers are outspending, but with fear of the economic future rising. it really does depend on whether this summit of leaders at the end of the week can see it right. the messages, if the euro collapses, the damage goes much wider than the eurozone. why it is not saying is whether extra funds might be available to keep it afloat. >> the greek parliament has a new 2012 budget. politicians debated the measures and there were violent clashes between police and protesters outside. it includes cuts to pensions and salaries. the election commission in the democratic republic of congo is delayed the publication of the results from last week's political election. riot police are patrolling the capital and fear that the election results could spark violence. >> fleeing f

we begin in frankfurt, where the dax closed half of 1% lower. the euro stocks ended the day almost unchanged -- eurostoxx ended the day almost unchanged. the euro is trading at $1.3005 against the u.s. dollar. united arab emirates airline etihad is increasing its stake in germany's number two carrier air berlin. they have pledged to invest millions of dollars in the next few years to support growth. >> the cash injection could not have come at a better time for the ceo of berlin. it gives him more time to restructure the ailing carrier. in berlin has suffered losses for the last three years -- air berlin has suffered losses for the last three years. air berlin will be able to use etihad's hub for long-haul flights. >> this deal is a beacon in the history of aviation and air travel. >> yesterday in germany, we were a minor player in regard to our net worth. today, with air berlin, as we start to integrate, we have now a considerable network in europe as they do in the are part of the world. >> with their cooperation, they are throwing down the ga

our correspondent in frankfurt has this wraps up -- wrap-up. >> early ahead of the summit, some investors lost their nerves. on the bond market, new government bonds in germany were in demand. the five-year bond auction was oversubscribed two times. many questions are being murderously discussed on the trading floors. what, for example -- nervously discussed on the trading floors. >> what if your son will have to go alone -- with the eurozone will have to go along toward fiscal union? with the united kingdom really holds a referendum -- what if the united kingdom really hold a referendum which could but amid the question the membership of the u.k. in the european union -- which could fundamentally question the membership of the u.k. in the european union? >> taxes at 5994. -- the ddax is at 5995 -- tehe dax is at 5994. the euro is at 1.9393. citigroup will chop 4500 jobs because of what it calls "an extremely challenging operating environment." they hope to make big savings in the long run. in the short term, these cuts will come at price. severance and other expenses will come out at $40

at disappointed traders and put pressure on the share price >> that was dorothy holes in frankfurt. thepanish bond sale was a huge ccess, aartsee to trust and the new government's ability to carry out the necessary austerity measures. spain managed to s.4 billion euros of government bonds, an average yield of less than 2%. last month, they h had t pay the's d mo. yields fell at that -- as the ec berere tstart offering banks a limited three-year loans later this week. germany's business c confince in the spanish bond sale gave shares a boost tuesday. let's have a closer look it's a market numbers now. the blue-chip dax closed the day up by more than 3%. the euro stoxx 50lsup b 2.7%, positive territory. the dow jonones industrials stil going strong, up by 2.79%. the euro is tracing for1.307. 6 t eopn mmsier has approved a plan to wind down troubled german lender west lb. the plan has taken two yearso put in place. the state-bank -- the state back the bankill stop offering new services on june 30 next year. its corectivities involving the servicing of german savings banks will be conti

. >> he had been to the central bank in frankfurt at the start of a world tour. it comes at the -- it comes as the rating agency standard and poor's, which assesses credit risk, threatened to strip european countries, including germany, of their aaa rating. there has been irritation from political leaders. the chairman of the eurozone says that the threat to downgrade was a wild exaggeration and unfair. in paris, there were similar annoyances. "we have done much to cut deficits and we will do more," was the tone. >> this week is important for the quality of the success and the agreement friday at the european summit. a lot will depend on that. what's the talking continues as many leaders gathered for a political conference. the european central bank meets on a thursday with the crisis at the top of the agenda. and the summit in brussels to consider the merkel-sarkozy plan. spender -- shoppers are outspending but with uncertainty. it depends on whether the leaders at the end of the week can set it right. timothy geithner goes from the german finance ministry to me

to the rescue has come the ecb in frankfurt, which provided 489 billion euros of the emergency loans to the euro zone banks. at the heart of the euro zone crisis is the number of governments are perceived to have barred to much. they borrowed some of this money from banks. if the government proved unable to be paid, that is why investors have become reluctant to lend to over indebted governments and to weak banks. is everything fixed? >> it is not a solution to the crisis. the real cause of the crisis is the insolvency of sovereign states and economic austerity throughout a depression zone europe. these things will continue to plague the system. what the ecb money will do is to relieve a lot of the pressure on banks for a period of time. >> the question is whether it is possible to gather the amount of financial resources necessary to support the system. >> euro zone governments still have to take tough action to prevent a banking collapse. >> these are the headlines. the united states has renewed its call for the syrian president to leave power, he does not deserve to rule and my cr

the european central bank was also calling a meeting in frankfurt. they have the power to buy bonds in troubled nations to stabilize markets. is this similar to what we have seen in the u.s.? >> it looks like the ecb is not even going to go there. the president appears cautious about buying more of the region's government bonds. he told reporters thursday he is surprised by market speculation that ecb may increase its bond purchases. market participants are reportedly concerned the european debt woes may engulf italy and the bailout fund may run short of money to buy up government bonds. he stopped short of declaring the central bank would step up sovereign bond buying when prices decline. >> i was kind of surprised by the implicit meaning given not by all the press but some to the other elements would follow. >> on the same day, ecb policy makers decided to cut key interest rate by a quarter percentage point, bringing it down to 1%. it was intended to prevent the debt crisis from eroding the economy. following the statement by the ecb chief, yields

we got this report from the frankfurt stock exchange. >> eight two-stage reaction to italy's auctioning off of state debt -- but two-stage reaction -- a two-stage reaction. people became skeptical or started thinking that the banks had an easier time offering money because there was so much money at their disposal from the european central bank. the time they had to part with their money was relatively short for this auction. next options are up, so the dax lost in the afternoon over worries that italy is not really out of the bad situation yet, and there could be some cause for nervousness in the future. >> there was potential earlier in the day for some good gains, but sentiment has turned sour on european exchanges. germany's dax slipped to end the day at 57.71. euro stocks it be lost 1.5%, to close at 2255. the dow jones industrials were in negative territory, down by almost 1%. on currency markets, the euro has sold to its lowest point since january and is currently trading for $1.2942. china signed a major deal to start drilling afghan oil reserves. it is the first time in decades

let's take a look at the friday market numbers, starting off in frankfurt. germany's dax ended down by 0.5%. euro stoxx 50 down by 1%. across the atlantic in new york, the dow currently down just slightly, 11,858. the euro showing a little bit of strength, trading at a value of $1.3023. the head of the imf, christine lagarde, has issued a stark warning. saying the world could plummet into the 1930-style depression unless all nations joined together to fix's in europe spiraling debt crisis. she said no economy in the world will be immune to the crisis that is, in her words, not only unfolding but escalating. >> this was the first time imf managing director christine lagarde had issued such a stark warning about the state of the global economy. >> at it is down, downside risk, revision downward, slow-growth than expected, higher deficit than predicted. and public finances that are not in particular good condition. and that is pretty much true the world over. >> the world economy still seems to be considering its response to last week's european summit to save

let's take a look at the friday market numbers, starting off in frankfurt. germany's d dax eed down by 0.5%. euro stoxx 50 down by 1%. across the atlantic in new york, slightly, 11,858. down justst the euro showing a little bit of strengthth, trading at a value f $1.30233. the head of the imf, christine lagarde, has issued a stark warning. ying the world could plummet into the 1930-style depression unless all nations joined together to fix's in europope spiraling debt crisis. e said no economy in the world will be immune to the crisis that is, in herer words, not ony unfolding but escalating. >> this was the first time imf managing director christine lagarde had issued such a stark warng about the state of the global economy. >> at it is down, downside risk, revision downward, slow-growth than expected, higher deficit th predicted. and public finances thaare not in particular good condition. anthat is pretty much true the world overer. to be considering its responsnse to save the euro. they agreed to the brussels accord at the summit. eu members, but non-eur

the european central bank was also holding a meeting over in frankfurt. they have the power to buy bonds of troubled eurozone nations to stabilize markets. ai uchida from the business desk joins me now their policy decisions. so ai, what are the chances of them doing something like that? >> catherine, after what we saw overnight looks like the chances of that is pretty slim, and that's because european central bank preside mario draghi appears cautious about buying more of the region's government bonds. draghi told reporters on thursday that he's surprised by the market's speculation that the ecb may increase its bond purchases. market participants are reportedly concerned that the european debt woes may engulf italy and that europe's bailout fund may run short of money to buy up government bonds. draghi stopped short of declaring that the central bank would step up sovereign bond buying when their prices decline. >> i was kind of surprised by the implicit meaning that was given by not all of the press, but some, to that other elements will follow. >>en a

in frankfurt, the dax jumped 4.6% in early afternoon trading, and the euro hit a high against the u.s. dollar. >>> we last saw this concerted action when lehman brothers went down. i asked the german institute of economic research if things are really that bad again. >> yes, i think so, this is true. if we look at credit default swaps, they are at an unprecedented heights. also, the interbank market has dried out. there may be big problems emerging at the moment. >> how long can the positive effect last? >> usually this only blasts some days because everybody is clear about the fact that governments have had to reform and that using the printing press is the lowering the effect of the governments to go for structured refunds. at the last couple days, but in the end, everybody is aware of the fact more has to be done and politicians have to be more active than they have been in the past. >> will this send to inflation soaring? >> i don't think so. not in the short to medium run. in the medium to long run, we will see inflation in the raw material sector, the real-estate sector. this is

led to get the report front the frankfurt stock exchange. >> the italian auction was a disappointment here. the interest rate is way too high to be sustainable. for the long term. if it continues to be that way, then italy has a problem and the years and has a problem. so it was a damper for the euro initially, at least, and also for equities. in the end, the stock market clearly up because of good news from the u.s. economy, especially home sells there looking up, a very important factor. still, looking into the new year when further auctions come, traders will continue to be on the pessimistic side based on today's results. >> most european markets were higher today, but investors are still uneasy about risky assets. the blue-chip dax closed up by 1.3%. the euro stoxx 50 gained more than 1.5%. the dow jones industrials still in positive territory, up by 1%. the euro hit a low today, dropping well below the $1.29 mark. currently, trading for $1.2945. pilots at a gone on a 24-hour strike. the union is demonstrating against their plans to set up a discount carrier for european flights,

. >> that's frankfurt airport. >> reporter: the f.a.a. says these ipads and applications have been proven safe for the cockpit but the f.a.a. demands that the wifi internet connection must remain off. >> we have been testing now for six months with literally no issue. >> reporter: it was just a week ago that american airlines kicked alec baldwin off a flight for berating a flight attendant and refusing to turn off his iphone before takeoff, something he was playing up on "saturday night live." >> don't phones interfere with the plane's communication system? >> oh, you don't believe that, do you, seth? >> reporter: a lot of travellers have doubts. we asked boeing's senior engineer, dave carson. how can an ipad be used by the pilot on the flight deck, but not in the cabin? >> it's a good question. i can understand why people would ask it. that ipad, tablet or computer is in the control of the airline. they maintain it. they assure if something goes wrong with it, it's fixed. >> reporter: the f.a.a. prohibits electronic devices below 10,000

their decision on thursday in frankfurt comes as the european debt crisis takes its toll on the region's economy ecb policymakers will lower their rate by 25 percentage points to 1%. austerity measures in the euro zone stifling economic growth. some member nations are weighed down by huge budget deficits many economists say the region is in a recession. defined as two straight quarters of negative growth. european central bank rate cut is one measure aimed at reversing that trend. >>> next we go to pachari raksawong in bangkok to find out what's going on in the region. >>> the president of afghanistan intends to confront the pakistani government over the bombing that killed more than 50 people on tuesday. karzai believes it originated on pakistani soil. >>> afghan president, hamid karzai visited a hospital on wednesday, to comfort the people who were injured in the suicide bombing at a shiite shrine in kabul. karzai criticized a militant group that reportedly claimed responsibility for the attack. >> translator: the militant group active in pakistan has assumed responsibility for this an