now europe has to be in a big. part of russia and the incremental in also you saw dollar europe the heat on russia and it was all a huge you know i can sort of like. twenty to thirty or forty basis points from a real g.d.p. growth came from the slowdown in the real europe so what's important to the is the key prices for for energy and it's really driving for the by really you know the huge growth nobody expected huge growth in europe so if you see european central bank which mean more and more accommodating seeing other another central bank that would obviously help especially that what we've seen now with the recession it in place inflation is easy so it's quite comfortable to try to make some some more force on the on one of the models we'll see more sort. of the split in the big surprises you know all eyes will be will be in russia russia this year because oh he's working on the budget through and i hope to continue to have some begin effect on this here because the main the main osi comes from this year but lon

we in europe have enough ourselves to explain why europe is as it is. and in doing this, we don't have time to provide the u.s. with any advice. the last question. >> translator: hello. with regard to tax havens and tax evasion, we've been able to read today that you, mr. schaeuble, have obviously -- >> right. okay. they're on the last question, talking about tax havens again. let's bring in mary jo over there in houston. mary, the first time they've had a formal press conference together, secretary lew saying, you know, they have an immense stake in a strong europe, banking union is key for ensuring long-term stability for the eurozone. i wonder how much frustration you think there is with the u.s. administration with the lack of sort of problem solving in europe and the lack of growth. >> well, i think that, you know, it's apples and pears. that the united states, of course, is a single economy with single -- more or less single macroeconomic policies. europe is a collection of different countries with different approaches and without the central powe

you heard china, good, europe bottoming, you take europe bottoming, you see big leverage from the cost take here at ppg. stay with cramer. >> announcer: coming up, shocking the street. industrial giant eaton was on the rise today after reporting. can growth in it's electrical business help lead the charge higher or will it run out of juice? cramer's earnings exclusive when its ceo is just ahead. . . [ music playing ] >> in a moment where everyone is looking at the earnings season by who is getting hurt by europe and who isn't. you need to learn there is more to the puzzle than mere geography. you know what matters? execution. at the end of the day, we like companies with great management. they are run with people with long track records with great results. take eaton, they reported today that manufacturers everything from control box, power management system, hydraulic truck transmissions and aerospace. in part, i like them because at the end of last year, it bought cooper industries. a $13 billion deal that gave the company a lot more exposure to the electrical side of the business an

they did not like her approach on europe, moving, it seemed, britain away from europe. >> what was the reason for her stance? why was she against german reunification? >> her attitudes toward germany were very much rooted to her experience in growing up during the second world war. her hometown was bombed. she once told the former german president that her view of germany had not changed since 1940, as strange as that may sound. i think she was worried by the prospect of an overly mighty german economy under reunification. she worried that the new germany might outshine britain within europe, so her attitude to germany was sort of dominated by those concerns. >> you touched on these concerns a moment ago. thatcher was a great eurosceptic -- euroskeptic. that attitude still lives on. >> she did not see europe as a visionary idea that would take things forward. she worried that if britain. too involved in europe, that would undermine the so-called special relationship -- if britain got too involved in europe, that would undermine the so-called social relationship written had undertaken w

and that is something europe can build on. so how the european union engages with the rest of the world is a major test of its authority and credibility. will the union allow its current economic difficulties to undermine its commitment on the great global challenges of our day, hunger, poverty, human rights, climate, justice? i hope not. will we reaffirm, rather, the general idealism at the heart of the european vision rededicate ourselves to attacking these problems in solidarity with our partier ins? i hope we do. indeed, how theyry place our goals and respect our diversity and recognize different parts to development and have human rights at their center will be a major test not only for europe but for the global community. i believe that a european union that has the courage to face its past, including its darker periods of empire, with honesty and its future with the commitment of values that are inclusive of all humanity, with a discourse of respect of diversity has a profound contribution to make not only to its own ci

>> look, europe. it's europe. -as a member of a german government i am condemned to cooperate closely with france. [laughter] >> you can't -- no. i have to tell. european history. the core of european integration. you can't get -- once i had a discussion with a good friend, actually in finland, he told me, should divide the euro zone? how to divide. it's quite interesting but answer one question. in which part is france? he thought and then he said, you are right, we can't. if you look at every member of europe, it's clear. key for europeanen france a integration. it was in the beginning, and it remains. therefore, when my french colleague came to berlin the day after he was appointed, we told, oh, what a silly decision of french voters. never vote for a bipartisan. the difficult at the we have to work together. we are condemned to work together. the french and the german. i just have mentioned that france -- you have to understand germany, and maybe the most difficulty. you have to understand france, and in franc

inflows in europe. i would say this is stabilizing and it's our expected ranges of outflows in europe. >> where are you in terms of transforming the business? why are you in terms of reducing risk rated assets. i saw that increased slightly. why is that? >> the investment bank operated within its limits up 70 billion. so up 69 billion. it was an increase during the quarterch wasue to technical factors. some diversification benefits that we add hold within the investment bank were fast into corporate sentiment. but i think we deployed the risk assets to facilitate clients' business. >> ross, analysts and investors are pleased by the fact that inflows into its core wealth management business were the highest since 2007. 15 billion swiss francs. so we are back at precrisis levels and according to analysts, this shows that client confidence has returned in all regions. >> all right. car carolin, stay there. joining us in studio, from the "wall street journal," clearly big outflows during the crisis. . in fa

or europe is that would be a big. part of russia and the incremental you know also you saw dollar europe or the huge what russian did it was all a huge. twenty to thirty or forty basis points from a real g.d.p. growth came from the small the really europe so what's important to keep prices for for energy it's really driving for the really you know the huge growth nobody expected huge growth in europe so if you see european central bank which mean more more. some of the. other another central bank but obviously who help especially with what we've seen with research in the place inflation is used to so it's quite comfortable to try to make some more force one on one and more this will see more so. in the big surprises you know all eyes will be will be in russia russia this year because all who are working on the budget through and i hope to continue again effect on this year because the main the main osi comes from this year but longer term it's always a very right thing to do you know we we much appreciate it the thing

twenty three fifteen on the button there in moscow thanks being with us this is our team next now europe's latest unemployment numbers are in and they do not make good reading the rate indeed went up across much of the european union in march according to eurostar as you can see let's take a look the figures of the disappointing rising year by year specially in spain and greece greece actually being the worst affected in greece now the number is now watering twenty seven percent as you can see there spain is not far behind though both have more than one in four unemployed right now and for young people is much worse as well the jobless rate for them is more than double the national figure is artie's tests are still reporting on why it takes more than just numbers to see the true extent of the damage. the unemployment rate in the years old has recently shocker twelve percent of for those aged twenty five and below in countries like spain and greece that number is as high as more than fifty percent with very little signs of any economic improvement now for those who are looking for a job tha

it was -- on one level becoming europe's uncertain about what happened to europe and why it is now regarded as the sick man of the global economy. the book is also about how some of these cultural and economic trends, how will change particularly of the last five years. america is seemingly a drifting in this direction of economic your position because whether it's colossal levels of debt, the increasingly unaffordable welfare state, low economic growth, double, even triple recessions, except for comex the trip. the present economic crisis reflects some deeper truths. and not primarily because of the external pressures, but rather because of some of the inherent contradictions in this functionality that is encouraged by what i call european economic culture over a long amount of time. now, all of that is saying that america's economic culture as i call it continues to drift in the same direction. i think we can assume safely that over time some trends that we see in europe will start to manifest themselves in the united states. that, i think, is what americans mean when they use phrases lik

europe was not worried about it. does that mean that we bottom from a sentiment stand point which will lead to higher market and that we don't really care if we bottom from an economic standpoint? >> i think -- the people you talk to say things haven't gotten any better, they're worse. >> the they stunk. >> right. 2 numbers, still at an all-time high, 12%. by the way, before the whole european continent blew up, italy didn't grow their gdp for ten years. so why in this type of environment will they grow it at all? >> cry have a look at what mario monti has been able to accomplish in europe and in italy in particular. and that has been phenomenally reforms that he's put through. and we think those reforms are really what's going to start growing the european market what's going to start leading to growth in italy. >> what if the reforms were reversed by the incoming administration in italy? what if you get a comedian as the president of italy. >> only italy could elect a comedian to lead the country. >> when you look

then also in europe, it's been interesting and more globally, but particularly in europe you've seen fast moving investors anticipating flows out of japan to other markets. so you've seen the tightening in france. in terms of, you know, high convictions you might -- my highest conviction view is that the yen should continue to weaken. if you look at the logic of what the bank of japan is trying to do these very large actions, you know, it's been a long time coming. but to try and address the embedded deflationary dynamics, the clearest way for it to work is via the exchange rate channel, trying to weaken the exchange rate channel and boost export competitiveness. so i think the highest conviction view is to be short the yen currency in terms of jgbs, the levels clearly are very low across the curve, but with the japanese central bank being so aggressive, you know, don't probably fight the boj too much, as well, in terms of jgbs. >> andrew, thanks for that. have a good day and week, andrew bowles from pimco. >>> the chinese leader has said he doesn't think china can sustain super high

. >> how is mission europe going down? for more, we go to our chief political correspondent, melinda crane. tell us more about his reception. >> it was friendly. the chancellor definitely praised the steps taken so far and she welcomed and wished letta a lucky hand for the sake of europe and germany. she was quite firm and made it clear that germany would be sticking to their guns as far as the need for continuing to cut back on that and get finances in order. mr. letta also is saying that he does want the governor in harmony with germany saying that he would be asking the chancellor to share some of her experiences as to how to manage a grand coalition. she had one in her first term of office and he has one now. he was also staking out to rein saying he expects europe to be more proactive in terms of growth policy in the future. >> it sounds like he's not planning to deviate from the austerity course. >> there is recognition here that the italian coalition is fragile and there is recognition that berlin is looking increas

the open europe independent think tank thanks for joining us here live on r.t. nearly fifty percent of young people are employed in greece and spain where these countries in europe heading well it's clear that programs for for for these countries are not exactly accessible unemployment is always increasing specially if you look at youth and employment we can see. that one to two entry for unemployed so i think it's very very concerning. and there's a human cost to this austerity isn't there as i mean households are really struggling with their income what do you think e.u. leaders should actually do to address this to fix it. well one of the interesting figures is that german unemployment is also going up so whereas the current plan is germany has to bail out the rest of the eurozone and the germans or selfish that's sort of the hidden message that you hear they're not willing to build them out although they are able that's what some people claim well this message is being debunked by the figures we see that germany. is suffering as well its economy is not doing

this created the situation of more of the population is really upset with europe europe was unprepared to handle its amount is discharging their responsibility of about mismanagement on the population asking the people who are normal people the normal people i mean the those who are employed not the rich people who don't have people to pay for their. handling of father you to be finances and most interesting and this is something that is generating enough to europe say for sure in france as well as the need to be as well as a spade in portugal and greece and everywhere else let's look at the example with iceland the people there refused to give in to pressure by international lenders that now the economy has been back on track could this also be a way out for cyprus. the iceland case is. different from the others because as them has basically refused to enter into a deal of giving up their civic duty to the e.u. there are certain certain rules in exchange of some kind of support but was not a bailout in the terms like the cyprus one has taken place on the board of the ones that complet

>> look, that's europe. that's europe. as a german, member of german government, i am condemned -- [laughter] to cooperate closely with france. [laughter] i will tell you -- [laughter] you can't -- no, no, it's not a joke. it's european history. it's the core of european integration. you can't build it. once i had a discussion with a good friend, actually, he's prime minister of finland, and he told me, oh, wolfgang, shouldn't we divide the eurozone? how? oh the the divide? southern part. it's quite interesting. but please answer one question. in which part is france? [laughter] he thought one minute, and then he said, you are right, we can't. if you look at a member of europe, the answer's clear. cooperation between france and germany is a key for european integration. it was at the very beginning after world war ii, and it remains. therefore, when my french colleague came to berlin the day after he was appointed, we told, oh, what a silly decision of french voters to vote for a socialist government. and he said, yes, it'

were talking about which is a europe based on cooperation europe based on trade europe based on nation state democracy i think that vision is one that can only grow in support of. as reporter very shortly the tough economic times are hurting even the most vulnerable. and i feel like. laying on a gay teen and the blade there and i don't know what is going to drop or not thousands of disabled in the u.k. could soon be forced to prove to the government they are does a bold enough to get the money they need to live. the u.s. military's being forced to admit almost daily that the gun time of a hunger strikers are increasing in numbers but the official figure is to lower than that claimed by lawyers who say the majority of the one hundred sixty six detainees have been starving themselves for nearly three months now so their fishel figures rose exponentially after prison guards tried to break up the prisoners protest officials say ninety two detainees are now refusing all sued with seventeen being force fed and two in hospital there have been several recent suicide attempts and the military's

we also know the growth across europe remains fleeting. i guess we should say isn't there at all if you believe what the pmis are telling us. the ftse mib adding about 0.6%. while italy and is spain debt is getting a bit and italy falling potentially below that 4% level, spain below 4.4, at the same time, we're seeing a rally in some of the safer havens, as well. yield falling to 1.65. over here, this is potentially the story of the day. the ten-year german bund touching, edging towards fresh historical lows. one had it below 1.20 earlier in the session, so we'll keep a very close eye on this one. a quick update on for ex, as well, the yen backing off that level today giving up about 0.5%. what does that mean for asian markets? let's get straight out to li sixuan who joins us from singapore on. >> thank you, kelly. the latest hsbc flash pmi data signaled that growth in china's manufacturing sector has slowed in april. weak export orders revived jitters about global demand pushing mainland bourses lower by over 2%. a look at the reports her

based on cooperation europe based on trade europe based on nation state democracy i think that vision is one that really growing support as the years go by . i from moscow this is r.t. u.s. officials are now admitting on an almost daily basis that the guantanamo bay hunger strike is on the rise but lawyers for the prisoners claim the real figures are still much higher with the majority of one hundred sixty six of them said to be refusing all food now the official numbers started to grow after prison guards tried to break up the protest and more medics have been sent in with officials saying ninety two detainees are now starving seventeen are being force fed two are currently in hospital and there's been several recent suicide attempts as well the military's muslim advisor says that he's worried the protests will lead to deaths many are held in the prison without charge with a majority believing they'll never walk free. nature can reports. u.s. officials now acknowledge that ninety two detainees source starving themselves of guantanamo the military has been updating the numbers since t

all of this is an important point actually because we've seen europe poll today released figures on the terror attacks which have happened across europe in the last year in the last year two hundred nineteen terrorist attacks have taken place in europe only six of those are jihadist so it is important to remember that your face is a wide ranging threat from far left to far right to ethanol nationalists and you have us is just one element of that in terms of where the threat comes from those particular jihadists i think it does come from self radicalized individuals who then go on to interact with the global networks that give them the capacity and the ability to carry out attacks so that's where we need to be incredibly very vigilant pushing back against these narratives which are pushed by extremist groups especially online managing the network against violent extremism live from london thank you very much for sharing your time with us here on r.t. today. thank you for having me what many believe the boston marathon bombings were the product of radicalized youth as well on our website

buy europe? >> i would disagree with that. >> yeah -- >> i just don't see how europe -- >> i like europe. i like europe for the same reason i liked the united states in 2009. at some point, they're going to start doing stimulus, but they've seen what it does over here, and this austerity has a price. and i don't think the german people, once they feel it for a while, are going to want to have it for very long. >> the problem is that europe does not have the same sort of monetary structure. there's not a united states of europe that we have in the united states. so any sort of stimulus action cannot be, by definition, as impactful as it has been in the united states. i think europe's in a bottoming process. recovery process? i think it's basically walking dead for a period of years. >> let me get jeannie in here. how are you investing? $1.58 billion in assets under management. what are you doing with it? >> well, we sure don't want to leave the stock market. we are in a strong, bull market. so we

and in europe for men who thought the crisis are being replaced. a big question about whether ben bernanke at the end of january, 2014 will want or be reappointed for another term. what is your betting on that? >> it's quite unlikely if it's for another term. his friends say he's worn out. i think he's ready to read a book of his own. had to be an up market. look at a picture at an. but anyway, he's ready to step down. the president takes them to stay, who know so what happened. >> who do you think would be on the short list? >> finance it have to be considered front-runners, the vice chairman of the senate tremendously to, barack obama appointed one to the vice chairmanship. she clearly is a favorite you have to take very seriously. there is a mrs. farmer secretary treasury, a polarizing figure, so confirmation may be trickier. he wonder if this hardcharging study has come a how that would work in a consensus driven organization. a couple needs less obvious, roger ferguson under alan greenspan kept ties to the financial world, but it's a very cred

busy day for latina putin he also paid a visit to the netherlands russia's biggest trading partner in europe russian dutch trade reached almost eighty three billion dollars last year he also met with the dutch prime minister to talk about joint energy projects the result is gazprom signing an agreement to extend the nord stream gas pipeline to the country as artie's natalia novick of explains the two countries have a lot of common interest in the oil and gas sector. from nafta russia's natural gas exporters oil arm has signed an agreement with the world that shell is going to expand its partnership and shale oil developing in siberia and arctic offshore blogs it's a company separate because they work together on a number of projects including developing deposits of shale in the do was sign during president putin's visit to the now the law and it comes just a few weeks after shell had to delay its high profile exploration company e-mail us going arctic for another year due to a number of setbacks now russia has been trying to encourage international energy giants to come and help its exploits

and europe, energy fracking. if you look in europe it's totally different to the united states. of course i will not compare the united states to europe. if we are honest about our demography, our population is -- and it's becoming older. we are aging. sometimes we say europe is aging and risk-averse. if we will achieve a moderate sustainable growth in germany for example what i've said years ago publicly, i don't expect more than the long-term sustainable growth beyond 1.5%. of course in some member states, in the eastern member states of europe there is much more necessity for higher costs. .. may not rely on high confidence. says much more dynamic. totally different to united states, of course, and now the situation is different. in europe we are working for sustainable growth possibility. we have the most -- we have been criticized that the euro created so much new year obviousity in markets -- so much nervousity in marks, -- markets, and i'm quite convinced the european population will sustain. a lot of -- some member states, a lot of political problems, but even in your na

were talking about which is a europe based on cooperation europe based on trade a europe based on nation state democracy i think that vision is one that can only grow in support as the years go by. there's a report very shortly that tough economic times are hurting even the most vulnerable. here i feel like. laying on a gay teen and the blade back and i don't doubt it's going to drop or not. thousands of disabled in the u.k. could soon be forced to prove to the government they are disabled enough to get the money they need to live. in the us military is being forced to admit almost daily that they gone tunnel bay hunger strikers are increasing in number but their official figures still lover than that claimed by lawyers who say the majority of the one hundred sixty six detainees there have been starving themselves for nearly three months the official figures rose exponentially of the prison guards try to break up the prison as protest get moes official say ninety two detainees are now refusing all strewed with seventeen being force fed and two in hospital and there have been several rece

though europe has to be a big. part of russia and the incremental in also you saw dollar europe the heat from russian the people who are huge. like. twenty to thirty forty basis points from a real g.d.p. growth came from a small the only real in europe so what's important to you the key prices for for energy and it's really driving for the by really you know the huge growth nobody expected huge growth in europe so if you see european central bank which mean more and more accommodating would be seen other than other central banks that would obviously help especially that what we see now with the recession is the place inflation is used to so it's quite comfortable to try to make some more force on the on a moment's. thought. all this but in the big surprises all eyes will be will be in russia russia this year because all who are working on the budget through and i hope to continue again effect on this year because the main the main also you've heard comes from this year but longer term it's always the very right thi

europe having a setback after a fairly good run. it all adds up to mediocre growth and the eurozone not coming out of recession. as we learned from le britain today, britain is probably stag nating. >> what's different about the world today relative to, say, 2007? i know in some ways it's an obvious question. but in some ways, it still feels like the u.s. and china are the economies with momentum that are sort of the marginal factor out there. >> the u.s. and china are the economies with momentum. but the big difference is in the u.s., we are looking for growth around 2%. because they are in a period of fairly lean years. in china, growth is strong but as they have advanced over time, become a bit less -- now growth is 8% rather than 10% in 2007. and as for europe, we are making a lot of progress in repairing fiscal balances and competitiveness at the rim of the eurozone. but that process is painful and the pain will apparently last two parts of this year. >> do you worry that europe is getting less behind? >> actually, not. europe

we came to the very brink of some very nasty things in europe. the b-1 what kind of grade you think he would get? >> guest: he gets hello be. he was unable to do something that his successor has been able to. i take that back. i would bring the first down to a seat. on the one hand, he was able to corral the ecb to do some things that were very uncomfortable for that organization. in may 2010 he went into bond markets to try and relieve the pressure on greece, portugal to help use their ability to print euros to try and steer that away from the abyss. 62-degree, but it was haphazard. he was that able to crawl leaders to take there steps so that there was political unity arriving. his success so -- successor has been far more effective. >> host: so, how do you think he has handled these different? >> guest: a couple of things. he has been willing -- so, it has been a dramatic difference in touch. really come barely a year, year-and-a-half in office. 2011. what he has been able to do is, first, deal with the crisis he inherited when he started 2011

people when you when you are not europe as a whole i'm sorry to jump in here but you bring up europe as a whole that i many many are aware that certainly there's a good number of a euro zone members the e.u. family members who are struggling financially massive national deficits hard austerity measures it is it possible that nato is failing to inspire to motivate these countries to to spend more on their on their military budgets or is it but perhaps that now in this day and age european allies they have more more common interests more things to worry about for example austerity. well it's hard to spend money when you're in the middle of a financial crisis and you're trying to get yourself out of a financial crisis i think you know that the other issue that europeans face is that many europeans just don't see major threats out there that they need to respond to so it's very difficult to go to people who aren't under siege and say you should spend more on defense. the fact the matter is that europe has been very successful at eliminating conflicts in europe in recent decades that was

now russia is celebrating cosmonaut it stated a marking the first manned flight into orbit by europe guarin nine hundred sixty one and fifty two years later the country still has big a big space agenda from building a spaceport from scratch to reviving the moon program all the details now from. this snow only looks like a pit dug in the middle of nowhere but in just two years time this will become one of russia's top priority facilities tucked away deep in the tiger forest in the russian far east this is the construction site of russia's brand new spaceport the us and the vicious project worth ten billion dollars it will become the main and the sole launching pad of all russia's manned space ships starting from the year twenty eighteen but the first test launches are expected to start in just two years time and will replace in many ways the baikonur cosmodrome which certainly belongs to kazakhstan and the geographic location of the draw me is much more convenient. baikonur it's understood that when a space ships to take off some parts disconnect from the vessels and fall into the gro

well the debt crisis engulfing europe maybe starting to literally cost lives i couldn't explain hind a major study say that as many as ten thousand people have committed suicide due to financial ruin david stuck there from oxford university who is researching the impact of austerity economics on public health says politicians are risking more than they realize. we've seen in studying recessions over the past century and the focus on the present crisis is that recessions hurts but when politicians respond with the cuts so vital social supports they can turn those recessions legal in the worst case we've seen greeks after rate cut its malaria prevention budgets we saw the return of outbreaks of the country and kept under control for the past four decades you seem to be impacted spike by over two hundred percent at a time when the h o p budget was caught similarly we've seen across europe austerity produced series of epidemics from suicide for on access to health care to berkeley well south groups even can get bigger so far europe's leaders have been and denial of off the human cost of

so another day another round of demonstrations in europe people come out. with the way things are going that they won't change and they won't change to come quickly. and one member of the manage trade commission in the european parliament believes the troika forces countries to agree terms which don't favor them i think that the way that europe is handling this crisis shows that they're not really in this to handle a crisis but just to increase the amount of power that they have over the member states and we can see that with cyprus they know they're losing their independence it doesn't matter for a commission if things go wrong because you know they will still be there the next day. the everyone in such a country is looking for a solution and therefore they are willing to accept a worse deal every time and yes i fully agree that we should get rid of the troika let's not let nothing get out mr young cosette who was the princess or of mr di saloon we said well we do take important decisions during the weekend because you know people don't take don't don't pa

in europe by central bankers but the point is this gold is now being used as a defacto global gold standard right now gold as it were already back going to gold back standard the daily price based on paper manipulation that's not the big story the big story is that the central bankers now have to calculate every single day the price of gold into the figuration how to take over these countries and impose their imperial mandate and it's already back its beer well you're also learning a very valuable lesson as an investor because they're not interested in the dollar value of the yen value or the euro value of the gold what they want primarily is ounces they want to accumulate ounces and in the case of central banks tons whether that tons of cyprus gold is going to be transferred to frankfurt or new york tons of the accumulation is of many tons as possible from italy from portugal because what's going to happen is we have the end of one empire and the shifting of power elsewhere some say china but it's certainly shifting east and you want to have the most tonnes not the most euro's worth of gol

he is pro europe but once them to soften their stance. he will be steering the third- largest euro zone economy out of recession. german constitutional court ruled that the government needs to make changes on how it handled anti-terrorism information. in 2007se that up consolidates information from both police and the country's intelligence services, who have special powers to delve deeper into the private spheres. judges said information gathered in breach of privacy rights could not simply be made available to police except under exceptional circumstances. >> a berlin museum reopened on wednesday after an extensive overhaul. the main draw remains the room where nazi germany signed an unconditional surrender in 1945, ending world war two in europe. but the collection has been redesigned to shed greater attention to the suffering the nazi is brought to those in the soviet union, both on and off the battlefield. >> and fans celebrated into the night on wednesday at the their team upset real madrid in the fourth leg of the champion the semi

the city is not dissimilar to the former coal mining areas of western europe. soccer is popular here. the stadium co-host of the european championships. but they do not just mine coal here. close by is one of the biggest salt mining areas of europe. salt has been mined here for 130 years. that has left an underground labyrinth 300 meters below the surface. it is a little spooky. what do you do with so much empty space? how about this? one of the deepest soccer fields in the world. but who plays here? a few hundred meters further on, we find the next surprise -- people live down here. and they are doing gymnastics. >> we blow ourselves up like a balloon. and we let the air out again. >> welcome to the sanatorium. courses of treatment for lung conditions last three weeks here. patients live and sleep under ground. they go to the surface twice a day to shower and for meals. most suffer from asthma. >> i was scared at first. i watch a lot of horror movies. if you have that stuff on your mind, it is pretty scary here. but i am used to it now. >> her grandmother says

were talking about which is a europe based on cooperation a europe based on trade a europe based on nation state democracy i think that vision is one that can only grow in support as the years go by. as a reporter very shortly the tough economic times are hurting even the most vulnerable. yet i feel like i will be a laying on a gay teen and the blade back and i don't know how he's going to drop or not. so assassins of disabled in the u.k. could soon be forced to prove to the government they are disabled enough to get the money they need to know. the u.s. military is being forced to admit almost daily that the gun tunnel of a hunger strike is increasing in number but their fish will figure still lower than that claimed by lawyers who say the majority of the one hundred sixty six detainees have been starving themselves for nearly three months fishel figures rose exponentially have to print trying to break up the prisoners protest gets more official say ninety two detainees are now refusing all sued with seventeen being force fed and two in hospital there have been several recent suicide atte

the latest employment numbers are in for europe and they aren't incurring the twenty seven nation bloc is bleeding jobs with the rate up across most of the european union in march according to your a step for spain in greece are the worst affected both approaching one in three unemployed trailing them or other crisis hit european states especially in the south and east in total some twenty six million people of working age are unemployed youth joblessness is roughly double the overall rate for your. report so it takes more than just numbers to see the true extent of the damage. the unemployment rate in the years old has recently reached a record twelve percent of for those aged twenty five and below in countries like spain and greece that number is as high as more than fifty percent with very little signs of any economic improvement for those who are looking for a job that search is no longer just about trying to find work many are now trying to leave their home countries. like niccolo wriggles e a biology graduate from italy now working initial quality in brussels and the situation in

equal in europe but that was paul's relationship if you want to. normalize. international investors are coming back to that country. thanks i've stabilized quite a lot the only thing to add here is sure there's lots of information on this story in blogs and social networks but you won't find it in mainstream media why perhaps to avoid giving ideas to anyone else under pressure alarm bells ring at the white house says the pentagon the ones north korea may have nuclear missiles. is now facing a new kid to tokyo if it carries out its warning to intercept a potential north korean missile test when we come back we hear about what's driving the standoff. campaign and game venezuela chooses president chavez choice runs against a free market poster boy parts well that is where the choose after coming down days death self-styled socialism or free market model venezuela votes fourteenth. oh this land was torn apart by conflict oh oh it's changed oh yeah modern islamic nation was. kind of peaceful like the stone islam the first cause was secular the second. session. in

europe demand for the crisis are replaced. it's a question about ben bernanke at the end of january january 2014 will want or will be reappointed for another term. what is your betting on that? >> guest: i think it's quite unlikely. his friends say he's more now. i think he is ready to write a book of his own. if you hook it a bigger advance. >> host: i think you're right. >> guest: he's ready to step down. the president thinks him to stay. >> host: did he think would be on the short list of successors? >> guest: the names that have to be considered front-runners, the vice chairman of the fed, and a fed governor. barack obama appointed once to the vice chairmanship. she clearly is a favorite you have to take seriously. larry summers is a farmer treasury secretary, accomplished economist so confirmation might be a little trickier. you wonder if this hardcharging style he has, how well it would work. roger ferguson under alan greenspan had ties to the financial world, that is a very credible possible candidate. people mention ti

europe freely. coming up later this hour the pressure that ukraine's former prime minister yulia timoshenko could soon be charged with murder she's already setting a seven year prison sentence and this could see her behind bars for life. plus we'll look into why americans are losing faith in the world presented to them by the u.s. media houses the details of that of trust ahead. welcome to the future what makes computers these days so super is a memory for that russian researchers have got a few ideas that could make cognitive computing a reality while the processor got a radical new architecture that promises unparalleled power design for the stars and is that got you all hot under the collar don't worry because the latest cooling systems ensure neither you nor the globe's top super computers break a sweat don't you hear. we've got the future. oh oh. oh oh. oh . this is on the line from mosul combine crowds of textile workers bund cars and clashed with police in bangladesh over a massive building c

though europe is too would be a big. trading partner for usher in the incremental it also you saw dollar europe the heat from russian to it was all a huge sort of like. twenty to thirty or forty basis points from a real g.d.p. growth came from the small the only real in europe so what's important is the key prices for oil for energy and it's really driving for the by really you know the huge growth nobody expected huge growth in europe so if you see european central bank which mean more and more accommodating it would be seen other than other central banks that would obviously help especially that what we see now with the recession is in place inflation is used to so it's quite comfortable to try to make some more force on the on a. similar sort. in the big surprises you know all eyes will be will be in russia russia this year because all who are working on the budget through and i hope to continue begin effect on this year because the main the main also comes from this year but longer term it's always a very right thing

does need to kick start growth. >> if you take asia, the u.s., europe, europe is in a weaker spot. so one would expect the euro to be weaker than the others. that's not what we're seeing. we're seeing voices which are very aggressive in other parts of the world compare to europe. europe has to react to that president. >> wouldn't an interest rate reduction makes a difference to europe? >> well, it would not be counterproductive, certainly. so i don't think it would hurt. that might be a first step for trying to align conditions for what is happening in the rest of the world. >> the main argument against it is that the concerns of the transmission mechanism is still working effectively, the likes of germany, but many of the smes are not seeing the borrowing costs. so what is the point of reducing interest rates? >> first, also the core,s a you call it, is having problems. so i think the benefits will be there. the transition mechanism is not working that way. if you cut rates, probably part of it will be transmitted. of course, it's not enough. it cannot solve our problems, so the r

europe freely all right maureen refence consultant thanks very much for your time thank you. what are plenty more that's available for you a click away at our team including this. is a specter of tax of the boston marathon reportedly planning to carry out another bombing this time in new york's times square plus. pounded a file sharing giant pirate bay now seeking exile in iceland relocating its servers there from greenland the full story on our t. dot com. download the official publication to yourself choose your language stream quality and enjoy your favorite. if you're away from your television or it just does not so now with your mobile device you can watch on t.v. any time anyway. or un torture investigator has revealed his trip to bahrain was canceled a short notice by the gulf state the kingdom has been plagued by an arrest with authorities frequently using violent methods against anti-government protesters yet arrest shows no signs of abating over two years with the shia majority in congress trading for increased rights in the sunni world kingdom i should have i ten i

with debt crisis seeing golf in europe maybe is starting to literally cost lives i could then expand a major study say that as many as ten thousand people have committed suicide due to financial ruin david a stalker of oxford university he was researching the impact of austerity economics on public health says politicians are risking more than they realise. what we've seen in studying recessions over the past century and the focus on the present crisis is that recessions hurts but when politicians respond with deep cuts so vital social supports they can turn those recessions legal in the worst case we see greeks after rate cuts malaria prevention budgets we saw a return outbreaks of the country and kept under control for the past four decades you seem to be impacted spike by over two hundred percent at a time when h o b budget was caught similarly we've seen across europe austerity produced series of epidemics from suicide just for our access to health care to hurt yourself or it's even can it be so far europe's leaders have been denial about the human costs the stereo policies pursu

♪ >>> here is a quick look at markets across europe. spain up 1.2% almost, even though it just reported higher than expected deficit figures for 2012. italy doing quite well after napolitano as president has been re-elected reluctantly to aekd is term. on the agenda in the u.s., march existing home sales at 10:00 a.m. showing a small gain of about 1 is% expected to an annual rate of just over 5 million. later this week, we will get reports on new home sales, durable goods and first quarter gdp, as well. importantly this morning, we'll watch for caterpillar, halliburton, netflix and texas instruments after the bell. u.s. fourchs are pointed higher about 62 points at the open. similar gains on the nasdaq ask s&p. is this undoing some of the damage wrought last week? let's talk to michael gurka. we've seen stocks sell off. the beginning of a more prolonged period of softness, do you think? >> well, you know, we're still seeing a rather healthy stock market and for all the right reasons i believe earningswise we're going to continue to look

if you put it like that also unemployment as well as historical lows has something europe. at the moment double digits you look at spain you got twenty five percent going on so yeah bar having said there's lots of things going on here in this country that europe doesn't have to contend with have to outflow we just chatted about just now also infrastructure as well really needs working on roads ports in order to get it up to scratch for big sporting events that are around the corner of course we've got such as well on the way right thought so too with fifty billion dollars it doesn't come cheap you know really and with with infrastructure comes investments as well actually mr tickle for saying to me earlier today about it's all about infrastructure and he said that actually infrastructure in russia is the worst in all of the brics countries so he needs to really focus on that and he was saying all the other general problems as well that we hear a lot about the red tape the corruption making russia more of a nicer environment for foreign people to come and do business with ju

europe, they made money in europe. i think this is a marvel. >> you do? >> i love this company. the stock is about 14%. about 11.5% this year and it is down about 1% and mcdonald's up 14% this year and none of them beat chipotle which has had a nice rebound. chipotle and this is a company that is introducing a couple of new concepts and they have a vegetarian concept and you see them putting some others and international getting better and avocados are are not so bad and raw costs food could go their way and this is a company that's been humbled by the downturn in the stock and i like chipotle and i wish it was at 350 and not 340. when you're saying to yourself, shoot, how did they get so darn smart? and the answer is this is the best and brightest. the best and the brightest go to chipotle. the best and the brightest go to starbucks, 200,000. why do you look at me? >> the best and the brightest? is that the good thing for the u.s. economy. the best and the brightest -- >> do you want them to go to credit suisse? that happened for 20 years? where did that get us? where did it ge

what's going on in europe? >> it's a very rough day in europe. a jolt of reality is the degree to which the european economy continues to fall away or the stock markets break down where you have relative stability in the united states. overall across europe the top 50 stocks are down just today. 2.2%. one of the major reasons, one of the major realizations of how bad it was when they were the head of the bank. suggested yes, there could be interest rate cuts to come and you see the way the euro has tracked lower. this is a big move. the pound is down as well. there's concern about unemployment in the yipted kingdom. so whan began theday or the session as a selloff, a continued selloff in the mining stocks has really gone across the board. let me take you to the german market and show you what's happening there. bios within chemicals. let's go to france. the big french banks are down as we look at detoor yor rating economic situation. down over 4%. and that's really picking up the fall that we've had. this is a russian miner that has lost now a th

the austerity has gotten europe as far as it can go. initially it was about reigning in government spending, that's been done. italian yields yield at 7, now at 4. making it easy for italy to borrow. same in spain. however, far more important, the slow down has at least arrived in germany, which has exerted tremendous hegemony over the rest of the world. meaning germany would be open to stimulus and a rate cut thursday when the pain is felt in germany, the germans can no longer fight the idea that deflation, not inflation is the issue. so much makes sense here. the run on the european bank stocks, five-year highs and the surging stocks of companies that do business in europe. the bottom is being put in, despite what the naysayers tell us. and with it, the worldwide rally. stick with cramer. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years,