euros. and that's more than these young men are willing to pay. it was still appeal to the prices are a rip off and i don't say that just because i'm broke. i don't think it's right that you should have to pay so much for transport if it should be trained. but it should be completely paid for with taxpayers' money. it's good to me riding without a ticket as an act of civil disobedience vessels. so all is a student and lives with his parents in another paris suburb. he takes the train every day. my parents no one can buy a ticket to enquiry about me and sometimes they give me money to get one but they come toys afford it the boy. the trains in the french capital. around one thirty passengers are traveling without a valid ticket. she had a deal with the mayor of the countdown to the parents and spent years trying to tackle the problem he says bringing back station staff instead of ticket machines would help. on the naked fat even people who are paying for tickets see all these people jumping i

they say it is 4 million euros. their clubs will have to pay 44 million euros. marseille with 8 million. bordeaux paying several million euros a year. they say they will have to let go of their best layers in order to balance their books -- best layers in order to balance their books. >> he is one of the few exceptions. monaco, because of the enormous amount, has been able to bring back star players, some of them french. normally, the cases they create top layers and they go to places like england and spain. it is a real problem for french football. >> in terms of the economic competitiveness, clubs are saying, we are losing money. >> many clubs are not big companies. we have two issues. one is a global issue. all french companies are paying too much taxes. in france, we have the highest corporate tax rate. it is about 36%. the government is planning to increase it again. >> it will apply to several hundred companies, about 450 companies. it is not just football. >> it is a global issue for all of the french companies. it is more interesting to see the whole iss

it's six won fourteen euros with grind up some of the chevron bp or not. the country's first parcel of solvency deal is from our diets until the goal of his business failed careful than seventy percent of his death with all tht they can focus on completing the job and living of life rather than focusing on how the mist hanging over them. a great christmas morning from pink in the door. dissident republicans strike against the mariners forced to rent a car bombings but bathurst city shopping center. deputy to the car so destination would post them as i sit here and see. i'm so proud to seattle injury. i used to hold a gala just want to get to the bottom of the mirror man of mystery. the film ends on the home inspected just wanted to be able to go home no hopes of even the locals of all things scientific. you do. welcome to six won. in the country's first competed and solvency deal our two youngest sons of the borrower and vault has had an excess of seventy percent of his death written all the rage with the greater the creditors' meeting this afternoon. the

if i steal things one hundred euros every day instead of watching it for fifty euros. i've been to big profits i'm lucky enough to win as long as this kind of sad remains of this to mean that nothing will change. the fog up. no snow to make the most essential and so chances are that the fed will continue in jose marti and good sign that says vineyards and all over spain what brings us to be and if a citizen of europe in general until next time i'll be giving them by now. thus you can watch in a sea world you were ever you go to the main city asks for your own tablet to access program schedules on demand video though my name is pete over night to a boil. i enjoyed the us versions available to secure the marketplace today research makes the network you knew and grew. he added the students of the national manager carmel optimist on a sit down with a theme a member of the croatian daily to police. today's class is about hope presence of the copics an infamous criminal investigation. it's a good thing. and that they did it. it's at. and. it's a day at mcdonald's. the game a

if i steal things one hundred euros every day instead of watching it for fifty euro has not been to big profits. i'm lucky enough to win as long as this kind of sad remains of this to mean that nothing will change though as the fog got to go slow to take the most essential. and so chances are that the fed will continue in closing money and guns under sixteen years and all over spain. what brings us to the end of this edition of europe in general until next time i'll be giving them by now. been getting enough of international history. now you can bring your favorite detectives home on dvd the best of international mystery and drama. now available at teammate see networks dot org. sells. is it. session. is it. session is it. six season. the air winning is now six pm the time when you're watching the tv news. i bet it would welcome the european gentle coming to you from dw stadium in brussels. but the week's top headlines. this is awesome and makes the news on the air and online the globally minded audience wind rtc one. the us. he said. i thought well i'm scott thompson are welcome to aft

it will be worth two hundred thousand euro like twenty twelve. now after a fifteen percent price rise of home is worth two hundred and thirty thousand euro that means it's worth one hundred and seventy thousand euro that's an open bar were paid for it. so when the cars in iran as its part the calls for celebration. ryan said the deadline for people who wish to pay the property tax online has been extended to two of the revenue commissioners say has been an exceptional level of funding over the past two days property owners novel till five o'clock on friday that let you know the perfect method for pain next year's tax. the commissioners said that the property tax helpline experienced adult present volume of calls on more than twenty thousand returns have been filed since monday. carty rpg as suspicious the death of a woman or fifties is balding was discovered near the village of flicks not in county kerry a nineteen year old man has been rested more muscle car so that surpassed all she enjoys is now possible for you fellas brian the air as we spea

i mean, the euro is strong. so it's not as dramatic as it appeared when you look at the euro/dollar. >> i understand that. but at 1.37 earlier this year, the ecb did talk about it in february. >> yeah. >> so what's the difference between then and now? >> if february, it had increased by over 1% in a month. and it has done about one month since then. so it's to speed up appreciation that worries them in february. and is it the speed of appreciation in terms that have been -- >> but the impact is just the same. and actually the fact that it stays there at those levels for the rest of the year, we are seeing in report after report after report, pirelli, and continental, all talking about the strength of the euro is hampering their competitors. >> i agree. it's not nice. but here is the problem, right? the eurozone runs at 2%, 2.5% current account surplus. who are you to say then that the currency is too strong? how do you -- if you get into a battle with the fed and the bank of england and the japanese fighting abo

credit union was for three point two million euro. but are there any more new bridges that they're among the hundreds of credit unions across the country this occurrence the only resolution cakes and currently being considered and the scale of the liability can you preach was considerable expense. and yet it's not the position that other credit unions are in this kind of position the central bank wanted another credit union to organize a merger with new bridge. the result its problems. nice credit union little tart but backed off ten days ago. permanent tsb has stepped into the breach in phuket fifty three million euro of taxpayers' money to fill in the holy new bridge accounts. the move secures the money of the depositors of you which credit union without any interruption of business how to prevent some liquidity crisis of institutions which the frail irish financial system really doesn't need to wean them archie news. the joyous out from newbridge that reaction there to the decision is our reporter joe mcgrady joe this fine thank yo

the price, 4.2 billion euros. and china's central bank promises to watch for inflag risk and stick to prudent policy after the chinese premier sounds a hawkish warning. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> if you've just joined us stateside, welcome "worldwide exchange." the do i is some 46 points below fair value. fass dak at the moment is around about 10 points below fair value and the s&p 500 at the moment is some 4.5 points below fair value. the cnbc ftse global 300 has been negative during the session, just bounced off the session lows, currently down 0.1%. the ftse yesterday was up 28 points. this morning with all that focus on earnings, we're down 40 points. we are now down at the session low. we have moved lower, as well, after the latest eu forecast. we had some very good uk dealt services sector pmi coming up for the high since may 2007. the composite number for the uk at the highest is known as a strong number beat expectations and hav

euro/dollar, 1.35. now, one thing before we head into the break, if you like pina colotta or getting caught in the rain, find out why aging coconuts are something to worry about. that's perked your interests, i know it has. more on that, plus strong u.s. sales and a weaker yen have sent toyota results into full throttle. we'll bring you the latest from tokyo when we come back in just a few moments. honestly, as much as i love this job, i plan to do a lot more. i needed a new laptop for my pre-med classes, something that runs office and has a keyboard but i wanted a tablet for me, for stuff like twitter and xbox, so my downtime can be more like uptime. that's why i got a windows 2 in 1 which does both -- works as a laptop and a tablet. so i can manage my crazy life, and also have a life. [ beep ] gotta go. ♪ >>> all right. toyota has been benefitting from a slightly weaker yen. the japanese automaker lifting its net profit forecasts by 13% for the year after a 70% acceleration in second quarter net pro

subsequently she got a mask up to fifty thousand euro. eventually mr he went to get me and told him i was going on. senior counsel for the defendant johnson has happened to this class has cooperated fully with the guy they had made a statement assisting them in his evidence mr bryan said he wanted to apologize to mr keenan and for the greasy it calls them he also apologized to his family and of a ticket to his wife so he was very sorry and ashamed of what he and dawn. judge john higgins said he accepted there were others involved in what he described as his abominable scheme. but instead of going to get the mind of actively participate in this well planned operation assisting the black man as he sentenced him to three years' imprisonment and fined or suspended. richard anymore teen years. the two circuit courts. a series and retain has been warned not to purchase any entree to police after but cherished elbows were dumped on the road signs and panties and licensed butchering operations dispose of bones by unregistered process is and it's

euro is strong and

euro stoxx 50 up as well by over .5%. let's move over to new york, where wall street is looking good. the dow jones putting on just a little bit there, .1%. the euro up in positive territory against the u.s. dollar. >> meanwhile, talks on the world's largest free trade zone between the european union and the united states are getting back underway. >> the second round of negotiations is being overshadowed the u.s. spying scandal which has resulted in a breakdown of trust. >> the handshakes may be friendly, but the negotiations going on in brussels are likely to be anything but easy. some observers are saying it is a wonder that the u and u.s. delegations are talking at all. first, the talks had to be postponed due to the government shutdown in the u.s.. then came the fear or over the activities of u.s. intelligence agencies -- then came the fuehrefuror over the activitiesf u.s. intelligence agencies. on the other hand, business in is business. the eu says it is sticking to its goal of concluding the negotiations within tw

the history two hundred euro tunnel of astronomy. i'm just posting a unique state to pay back the eight hundred strong american physicist. i am it's an unusual setting for a real life drama about an extraordinary scientists diet this means that if a mom who was with copies to the gym romo dancing contest entry is preparing to host for telstra exchange claimed the life of john emailed which tells the story of the sixteenth and seventeenth century astronomer physicist and philosopher known as the father of science gal i was a fascinating character scientific discoveries he made a resolution on the war unfortunately he was added to the time and was punished he's a top speed. this is all he's not a crime punished by the church which threatened him with torture convicted him of heresy and sentenced him to permanent ice the rest. old because he supported the theory that the sun not the earth was the center of the citizens of the bar. initially the church has to go there was quite positive. of revenge peters told the snow. his ideas revolut

bsp have voted overwhelmingly to take industrial action the dispute over a one point six billion euro to position the company pension scheme eighty seven and a half percent of those bonds backed industrial action was twelve and a half percent against the sympathy of the speed with unions and the noble said staff were not prepared to carry all of the risk if the pension fund failed to deliver the pension they were expecting the co become real risk that goldman has the look of the newest four pounds and will reduce heat cover your own risk which is significant and info on the scoresheet for the last year in house cafe and from the on position on the staff have not given due to monday's take action to protect pensions. noble was this is undermining our industry and employment across pumpkin to even read this though no overwhelming vote in support of the dust reduction whatever's next whether next to that movie this would be on friday when a group of unions will meet to consider the result of this but i think it's fair to kick that it's an overwhelming mandate for industrial action reflec

that sent the euro lower. it followed on with fed minutes that really opened the door further to poe things december or january taper. on top of that we had very weak data from europe. today we had mario draghi speak early in the north american session. he said the ecb didn't cut rates because of inflation. we look at biggest surprise on year-to-date basis it is euro resilience. next year we expect the euro to move weaker and likely to move weaker with a combination of fed policy and ecb policy those two combined should drag the currency far lower than it sits today. liz: 1.34, i can not believe it. surprises me considering there so many questions about the health or gigantic deficits being run contrary to what they're supposed to be doing. the many rules the people aren't following with eurozone with the 17 nations. let's get to the investor out there that says i want to play currencies. what is the best way to do it right now? >> if you're a investor with a lot of risk tolerance, currencies look shorting eur

now, this is where euro/sterling is. 0.8456. core cpi now down at a joint record low in the eurozone of 0.8%. some people just having to recalibrate their thoughts post the fed meeting, as well. and with the ecb coming up next week about the relative dovishness and hawkishness of both those institutions. right, as far as the u.s. futures are concerned right now, this is where we currently stand. we are called higher. the dow is currently some 30 points above fair value. the nasdaq is just 6.5 points above fair value and the s&p 500 is around 2 points above fair value. that after falling yesterday, but still, a pretty good month for equities. down nearly 2%. the s&p nearly 4.5. the cnbc ftse global 300 is currently down 10 points. european equities have been somewhat mixed today. and we're currently down 0.1% for the ftse. a little bit more for the xetra dax. the cac 40 is down 0.3% as well as the ftse mib, as well. >>> twitter's ipo ratio is entering its final leg with the social media firm visiting chicago today before heading

pushed the euro lower again. >>> the french finance minister call the agent's judgment inaccurate. >> i'm not surprised about what was going on with the downgrade this morning. i said it earlier, we were up in italy 8%. we were up in spain 4%. >> to italian stocks, telecom italia trying to bolster sales. plus, a jump in chinese exports, but as beijing leaders gather for their policy meeting, just how strongly will they push ahead with economic reform? >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> hello. we've got a full bumper show to end the week, but if that wasn't enough we've got jobs friday coming up and the impact of the government shutdown, as well. so on today's show, as they gather in beijing, some of the big question is whether they will agree on any major economic reforms. the anticipated meeting happens behind closed doors, but eunice will give us a preview at 10:15 cet. >>> in a bid to boost finances and dial into the brazilian market, our gu

stay on a drop of the ongoing yes fiscal crisis and what happens so euro when the dollar crashes well the back. the problem it was terrible they weren't very hard to make other plans against a longer disciplined life that never had sex with the target their lives let's play. lists and le may let's. listen. a little. live. live live. live . welcome back to this edition of said think oh we're here in paris talking to john clarke to shed the former head of the european central bank when asked to people they say that france isn't at the best place right now is there and if things continue the way they are now it could find itself in place of greece in the future do you think present policies are stimulating or stagnating i think three problems no very clear. but you know. quite a long period of time first there is a problem of public spending as a proportion of g.d.p. the public spending too high. fifty seven percent of the g.d.p. and france is denmark one of the two countries in the european union at the highest level of public spend use as a proxy of g.d.p. that is no good for the long

thousand euros a year and we work like cattle. here to you know work seven days a week eight to ten hours a day without pay. and belgariad they used to be a state monopoly on tobacco but since two thousand and two the market has been opened up to competition and that's what has ruined getting as father. is that's a great tasting isn't it to be better because of all the work but it's a fantastic cigarette if we don't produce we die before the collapse of the soviet union we were fine. but eventually there were millions of smokers there they consumed them and we're going to survive my wife and i but the youngsters it's better that they save themselves. they have no future how can they study when they're in the fields all day how can they planted support everyone what can they learn here these children. can't speak. for getting as family the same as for two hundred thousand other families in the region tobacco has become the only source of income. the problem is that this culture doesn't spare the health of its children. so far only

that is for a minimum wage of 8.50 euros. they will try and turn this into a vote for a minimum wage. it will be very difficult -- if they managed to do that, it will be difficult for restroom -- grassroots members to reject it. the problem is that the grassroots are very skeptical about a coalition with angela merkel's party at all. because it is very much stronger numerically, and they are afraid the social democrats would simply be swamped. if they reject the deal, they will be pulling the plug on party leadership. >> the chancellor for her part has been laying out priorities. what are they? >> it is interesting. she has made a number of important concessions to the social democrats in order for them to get it past grassroots members. she remained very hard on two issues. she doesn't want new taxes, and she doesn't want new borrowing. i understand that means she wants to keep fiscal policy very much in her own hands and will probably want to have a finance minister from her own party. >> we will be getting back to you in j

and offering seven euros for taking part in the five hour event. the economic fears are real and widely shared. ukraine's economy has remained integrated with russia since soviet times. a ban on chocolate cost millions. warso-called chocolate became emblematic of punitive measures that affected a whole range of companies. >> ukraine has lost around a quarter of its trade turnover with russia and almost $2.5 billion worth of export. owner has been demonstrating with the pro- europeans. >> if the price of independence s, we are ready to pay it. >> russia is also repaired to pay a high price to keep ukraine in its fold. and while ukrainians may long for the european way of life, the country possibly 11/27/13 11/27/13 from pacifica, this is democracy now! >> department is a perfect example. we have to think up colleges as factors in the creation in the nation that we know. the reverend who lives in witver, he arrives

a whooping 179 billion euros worth. and as it caught up for an exclusive interview with the president and asked her weather the changes in regulation will create a level playing field for europe's bank. >> i think what we get is one of the advantage and i have strong expectation for the assessment in that respect is that we get to understand that we have the same attitude towards valuation, that we get harmonized valuation because we will have supervisors from all over the eurozone looking into different banks. so we're get ago bid out of my children get -- the new children. debate? that we'll get on day one. we will clearly, even when we start, have the situation with banks that run under ifrs and other banks are working under national gaps. and we will have national implementation of law which over time might be narrowing down. but let's face it, europe is like germany is. it is not one single country where everything is equalling each and every country. so we will always be faced with kind of secreton in looking at d

a year for the economy that is worth one hundred million euros and so my figure of three hundred million actually i think it is very conservative bush it's better to be careful on this rather than being accused of exaggerating down the line but if you look at the bill that proposed so far most of the matters that you suggested primarily deal with personal or communal years of cannabis you are not at this stage promoting large scale commercial cultivation and i wonder why restrain yourself with partial decriminalization because we fear all the time that ireland needs growth why not facilitate that through the growth of cannabis well i actually think you're incorrect and i think you've misinterpreted my bill because it calls for total legalization to allow for the fact that many people would like to grow their own or also people would like to buy it from a not for profit organization such as a kind of a social club like they've set up in barcelona which we have also allowed for their commercial sector we have commercial licenses we have a retail licenses and let's say just from a practical

some four trillion euros. moreover the climate researchers believe that energy prices would skyrocket by up to eighty percent developing countries would be hit hardest with the cost of inaction totaling a further estimated three point five trillion euros the cost of climate change would also hit germany hard. by twenty fifty. it would need to pay one hundred thirty billion euros more for energy and transportation. insurance companies would have to shell out an extra one hundred billion euros for damage caused by extreme weather treating tropical diseases in germany resulting from global warming would cost around sixty billion years and climate change could also impact beaches and ski resorts costing germany another thirty billion euro us. the world bank says the worst could still be averted. at a comparatively cheap rides just five hundred fifty billion years. that's about one percent of what the global economy is worth other analysts come up with different figures but all agree and one thing. doing nothing wi

but this has been in this the wee ones come in only two eight euro safety for all of germany without any exceptions for particular sectors to people the counties of resigned to crashing down into the deal is on the table. in addition to the posse rambling america decides who occupied the various cabinet posts and future governments. and as innately breaking development houses doctor correspond simon young joins us now from billy braunfels in the heart of berlin. it suddenly hearing that the working group for tonight has been called off. these talks proving more difficult than anticipated. will i do it's only about brian beat the plenary session of all seventy four ways the members of the set apologies to the negotiating and this in agreement to baghdad the next government in place that meeting that was set for this evening has been pushed back at least i don't think it's been called off exactly but it just goes to show how difficult these negotiations on and to all policies that here today have been repeating that point is they go into that olds really tough talking of course what's

a year for the economy bash is worth one hundred million euros and so my figure of three hundred million actually i think it is very conservative bush it's better to be careful on this road than being accused of exaggeration down the line but if you look at the bill that proposed so far most of the matters that you suggested primarily deal with personal or communal years of cannabis you are not at this. promoting large scale commercial cultivation and i wonder why restrain yourself with partial decriminalization because here all the time that ireland needs growth why not facilitate that through the growth of cannabis well i actually think you're incorrect and i think you've misinterpreted. it because my calls for total legalization allow for the fact that many people would like to grow their own or also people would like to buy it from a not for profit organization such as a kind of a social club like they've set up and barcelona which we have also allowed for their commercial sector we have commercial licenses we have a retail licenses and let's say just from a practical point of view i

a year for the economy bash is worth one hundred million euros and so my figure of three hundred million actually i think it is very conservative bush it's better to be careful on this rather than being accused of exaggerating down the line but if you look at the bill that propose so far most of the matter is that you suggest a family deal with personal or communal years of cannabis you are not at this stage promoting large scale commercial cultivation and i wonder why restrain yourself with partial decriminalization because we fear all the time that ireland needs growth why not facilitate that through the growth of cannabis well i actually think you're incorrect and i think you've misinterpreted my bit because my calls for total legalization to allow for the fact that many people would like to grow their own or also people would like to buy it from a not for profit organization such as a kind of a social club like they've set up in barcelona which we have also allowed for their commercial sector we have commercial licenses we have a retail licenses and let's say just from a practical po

they will initiate a 1500 euro fine for the clients. toy would also be forced attend classes highlighting the harms of restitution. aparis court has ruled private company broke no rules by firing a woman for wearing a headscarf. it is being seen as a test case in france about the ban on wearing the full islamic veil. that is currently being reviewed the court of human rights and its complaint it restricts religious freedom. >> the childcare worker first attended court in 2008. she did so to defend her right to wear an islamic headscarf to work. employers sacked her after she refused to remove it. a previous court hearing ruled she had been discriminated against on religious grounds. >> we were only asking for the right to have a secular society. that's now possible, and we are delighted, but it's a long battle. our goal is to live together. we believe we have the right to exist among political divisions divisions.us >> at issue were legislation that could apply to a worker. the court said they could impose neutrality. he said his client

it's six won fourteen euros with grind up some of the chevron bp or not apology and damages of two and a half billion euro for twelve year old star of crocheted conroy suffered brain injuries that were her parents criticized because the delays this i think the auction. this has ever had. to the the people. this after the torch exist. it is difficult to know about roasting with the therefore even got no life unemployment post with the knowledge that in four years the economy using sixty on the job. now even economy crazy. a dramatic turnaround since the government opposition parties' as youth unemployment is still a problem. we see far too many people were commonplace for sin not creating enough jobs to get to keep the ball and played chelsea own people especially. you do. welcome to six mm on the health service executive has apologized to the parents of a brain damaged twelve year old girl. the high court approved an interim assessment of just over two and a half million euro for pushing conroy from russert and port beach who sued for her mother has several holes these results are pres

it's very much about the euro today, as well opinion i guess anybody who is interested in the euro/dollar rate has been watching what the ecb is going to do today very closely. the expectation was that there will not be any change in official interest rates. that's not to say that there isn't pressure. the reference banks or the barge's target rate for inflation is 2%. we are half of that at the moment on the latest inflation prints. so there are plenty of reasons for them to do something at some point. but because we've seen spain come out of recession, joe, and because we've seen some better growth numbers out of some of the other european economies here, i think mr. draghi today will hold pat on any interest rate cut and i suspect there won't be any other news on further liquidity support or other measure at this point. but, hey, he's learned lessons from mr. bernanke. he now knows what forward guidance is. i guess if anything, he'll try and be dovish. we might get some new language in the forward guidance. back to you. >> it's what we're going to do, too, i think. we're going to say -

who are opposing the president's decision clearly furious with the fact that ukraine did not sign the euro cessation deal today on the other square just a few hundred meters from where we have the supporters. the presidential policy was saying that this was a right and brooke a magic move the biggest question is of how long these protests will last provided that. has come to an end now it is certain that ukraine will not be signing this deal that's also a big question who will be leading this protest because all the opposition leaders and obviously they are the key factors here in leading the protest movement they are still in vilnius but we are certainly expecting numbers to grow here i did about in the square as the day progresses as a working hours finish in kiev we also heard that the people here are planning to stage a unique form of protest to life human chain from the independence square to the border with the european union to the border with poland that six hundred kilometers from here and we also already heard about several incidents with clashes between the two opposing politica

one billion euros, the next installment of greece's massive 240 billion euro bailout loan. a numberen held up by of factors, including how much greece's budget deficit will be next year. the government says it should only be around 500 million euros but other eurozone officials have claimed it could be as high as 2 billion. loving the gap will be difficult. outgreek government ruled any further across-the-board cuts in the face of massive public opposition. the troika is already putting pressure on athens to implement previously agreed measures, including privatizing state-run companies and convincing 12,500 civil servants to enter a so- called mobility scheme which would see 4000 laid off by the end of the year. the commission had good news for greece on tuesday, though, when it said after six years of recession, things were finally looking up. tourism, anports, investment, growth is expected to return in 2014. this is predicated on the full implementation of the program. >> in other words, no let up on austerity for now, another sign that greece is far from getting back o

mean the average payment by a family with two children would rise by three hundred and twenty eight euro a year and coupled with the recent budget cuts to tax relief the last four years. nearly a quarter of a million people have dropped their private health cover and many of these are young people the model is premised on a steady inflow of you and help the people the unfortunate thing from our point of view is communal to the book of changes and these levees. we are to push it. children are people out of the system the hia which has the largest portion of order customers has welcomed the net increase in to protecting the market and companies cherry picking younger less expensive subscribers in the bowen today with the nifong the hurricanes the government was putting the squeeze on families are you honoring the saudis who for all of you that they're contributing anyone thinking of this edition of the rspca should we change policy. when you reverse the decision that you too can to put it the minister for health said his department is examining alternative arrangements to try and encourage

that made germany's trade surplus or two more than twenty billion euros. those statistics will only fuel international criticism of germany a few days ago the european commission openly criticized for an insane germany needs to boost its domestic demand to provide more market opportunities for its neighbors. gemini the new law with this. bringing their respective seats. some german economists criticize that stance john and i needed so that we carried on to other countries the eunuch a german exports. his aunt amount of the pops to prepare a team of ten products comes from abroad and from other eu countries what's going on the european commission is unconvinced. it seems determined to tackle germany's export dominance and has announced further steps for the coming week. i tell us if the market reaction from our correspondent conrad has an instinct for the strong german export numbers found in a very mixed reaction that the exchange of course it's good news that many german export to sign showing strong business on the other hand this exports up the soda can

a year for the economy that is worth one hundred million euros and so my figure of three hundred million actually i think it is very conservative bush it's better to be careful on this rather than being accused of exaggerating down the line but if you look at the bill that proposed so far most of the matters that you suggested primarily deal with personal or communal years of cannabis you are not at this stage promoting large scale commercial cultivation and i wonder why restrain yourself with partial decriminalization because we fear all the time that ireland needs growth why not facilitate that through the growth of cannabis well i actually think you're incorrect and i think you've misinterpreted my bill because my calls for total legalization also allow for the fact that many people would like to grow their own or also people would like to buy it from a not for profit organization such as a kind of a social club like they have set up and barcelona which we have also allowed for their commercial sector we have commercial licenses we have a retail licenses and let's say just from a prac

that puts the current account surplus had one hundred and ninety billion euros. now the eu commission has announced it plans to take a closer look at german economic data. this list does not necessarily mean that it is in balance but you'll need to examine these for them and understand whether the house of blues in gemini is something that is affecting the fraction of the uk economy as a whole there's been growing criticism of german economic policies. one complaint is that wages are too low. we just helped make german goods competitive but they also mean germans have less money to spend. some economists say higher wages could help close the current account surplus but many here in germany rejected criticism of the sea journey is successful because it makes high quality products. well it's way up the criticism with a simple thing and call them as foliage of a government advisory council. you call this a problem for the global economy why is it so wrong to be so successful. the success is certainly not the problem is very good thing that tony is still strong. thes

even a good idea as crisis still resonates within europe revealing weaknesses can the euro zone stand the test. john closer to share the former head of the european central bank great to have you on our program today it's a great pleasure right so almost six years on after the crisis we're just saved out of the worse i would say that the main probability of the metal utilization of a tail risk meaning the change of the dimension of the your way here we see countries . leaving the your way here that risk has to be alleviated because of four. see it first all countries which we are under stress have adjusted and the result of the adjustment are very visible in the eyes of the external observers and markets second governance has been improved quite considerably with the forcing of the. two with the creation of a new paper for surveillance of the competitive indicators with the fiscal compact and so forth and the banking union that is the second reason the third reason is that politically it's been decided by all countries concerned that they went to to maintain the integrity of the your

euro/dollar back up to 1.36, about the best level in six weeks on euro/dollar. eurozone october ends three, up 1.4% on the year, lower than the forecast plus 1.7%. that means the august to october three-month average, 1.9%. weaker than the forecast 2%. and private sector loans in october down 2.1% versus 2% in september. so for those worried about deflation, disinflation, the m3 number will be adding to those concerns. less money in circulation. ecb might be tempted to do more on the back of that. >>> in italy, silvio berlusconi has called for a day of mourning after lawmakers voted to ex expel the former prime minister from parliament after he was found guilty of tax fraud in august. julia is in rome. jules, is this a new dawn in italian politics? are we now in the post berlusconi area or not? >> we're in a post berlusconi area as far as his politics are concerned. does anybody think he's going quietly? absolutely not. we have senators out in mourning. they had black arm bands on. berlusconi decided not to attend his final gathering. he was out here on the stre

you who will disappear the whole we develop the you always in great danger they do that to save the euro all you choose the other way. which consists in saying the you who is too credible b. you. always do the avoidance of course the fact is that we are living in a world where i would say both true we of course in the world of floating currencies it's certainly normal that the yahoo appears as being credible but it is not welcome of course that it would be skyrocketing that's absolutely obvious but again we depend on the decisions of. the vestas and savers the world over. the former head of the european central bank thank you very much for this interview thank you very much melissa. the diplomacy that seems to be coming from washington it appears to be just falling sure of the expectations of the united states as a superior negotiator as a superior diplomatic player but we see what happened in egypt after the arab spring and the election of morsi if there was a space there where the united states could have played a critical role just assuring more and more seats on a path that would hav

twenty four euros a week seventy five cents an hour for ten hours a day six days a week. this boy he's my helper oh yes it's true he's just a boy he's a hard worker and he's got to grow up sometime that's life. it was recently revealed that jamie diamond rented out blocking him palace and other to entertain his close friend tony blair the dinner took place only days before jamie diamond had agreed to give the us department of justice a very small cut mortgage fraud and oh how the penniless peasants outside buckingham palace gates rejoiced at the impossibly large number of thirteen billion dollars jamie. all hailed jamie done. if you're thinking about an alcoholic drink associated with russia it's probably not going to be one that springs into your head but they've been making it here on the black sea coast for more than two thousand kids and there's an industry which really can compete with the best the rest of the world has to offer i've come to meet some of the people growing the greats and to see if i can find out the secret to the perfect. the pledge was terrible to s

a year for the economy that is worth one hundred million euros and so my figure of three hundred million actually i think it is very conservative bush it's better to be careful on this road than being accused of exaggerating down the line but if you look at the bill that proposed so far most of the matters that you suggest a family deal with personal or communal years of cannabis you are not at this. large scale commercial cultivation and i wonder why restrain yourself with partial decriminalization because we fear all the time that ireland needs growth why not facilitate that through the growth of cannabis well i actually think you're incorrect and i think you've misinterpreted. because my calls for total legalization allow for the fact that many people would like to grow their own or also people would like to buy it from a not for profit organization such as a kind of a social club like they have set up in barcelona which we have also allowed for their commercial sector we have commercial licenses we have a retail licenses and let's say just from a practical point of view if my bill wa

liz: has the euro been safed, jurgen? -- saved? >> the euro as the single currency of europe was never in danger. because as long as germany and france stand together and as long as these two countries, both countries are -- give their political support to this project, the euro will exist also in the future. liz: was that the longest pause you've ever heard when i asked has the euro been saved? [laughter] you know, we were talking with gary becker who's a university of chicago nobel prize economist, and he said he disagreed with what jurgen stark said. he said he believe that is the euro is not in the clear either but, obviously, jurgen stark is really speaking from the heart, hopefully, and he says as long as france and germany -- the two big best economies -- really remain tight, then the euro survives. just another fox business exclusive here at the cme global leadership conference. we have the closing bell ringing in this about five minutes. coming up on "after bell with," more from the leadership conference in naples florida.

unhcr saying that the syrian trustee says ontario since the euro a rwandan genocide that should be. children are loosing their own brothers or sister shot dead in front of him. we have child victims of coulter. we have children who are really being screwed according to unspeakable. it also says they are rioting in the region these camps. they need help. it's as if any progress is we need to be made known to suit the individual level but gomez boss number of. is this a one point one million center in red beach each door say we have to look at the site the social side of it. we have to look at it's getting people into school and keeping them there that's news to hear and europe where the big east europe wide unemployment figures being released base the friday stubbornly high jobless numbers in every scene isn't especially in spain or greece portugal and props to prove to be the basic cost of the economic downturn in the trend has been hard to read first. so does the money back with a slice of good news here in thrall to the number of jobseekers book two but fell off and gets business

the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school and into his classroom. out of twenty five children enrolled only eight present care absenteeism from school is spreading like wildfire the deputy head i was underscore petty comes to show. most of this is me good morning with another i see here we have a third grade class a final here class here is their teacher as you only need to see the number of pupils here right the beginning of the academic year and it's plain to see that we have a lot of chronic absentees yesterday we went and got them from home so they were more but today the arm is over so they've gone back to their normal activities where are they they should be at school. but where are the well they're not at home at any rate i don't know they vanished disappeared sour in the local area. this is a school with a chronic absenteeism rate over sixty percent in other words out of every hundred children in roles sixty hardly ever come or even

firmly in the spotlight as he hesitates over signing up to closer ties with brussels meanwhile pro euro pain demonstrations in kiev are into their fifth day now with hundreds of people besieging the parliament building day and night. is in kiev there will be staying here at least until the end of friday and the protests are continuing day and night despite it's getting very very cold. right now probably about ten or twelve thousand at the independence square in kiev and the idea here is that they're still hopeful that the euro cieszyn deal will be signed in vilnius despite some very serious assurances coming from the ukrainian government that the deal will not be signed right now it's very peaceful it's been peaceful for the last two days but this might well be calm before the storm because we've already heard from several opposition leaders that they will be taking people into the streets if the deal will not be sign. friday promising a national wide strike and even what they describe as inciting a euro revolution we still don't know what that means but the korean government has been a

is you it is six one fourteen euros with grind up some of the chevron bp or not the acb colts eurozone interest rates to a record low. we decided to lower the interest rate on the main refinancing operations the euro system by twenty five basis points to zero point twenty five cents. but the decision comes on and crosses the truck as final review ahead of next month's bailout exits the responsibility. and for continuing. it restored economic fortunes of time does being pass complete to back down to the irish government. i wore it the old australian woman has been in a testy care will fly over two nights. he made the request interesting escorted by going pee. you do welcome to six won the european central bank today cause interest rates to a record low of just zero point two five percent decision came in response the northern predicted inflation indicating that the eurozone economy is stalling. here the government said the couple in those islands export data column eight ahead of next month's exit from the bailouts international collectors taken to this fun a revue that the imf say not

with his appeal to you of all we have operate the you always include done they do that to save the euro all you choose the other way. which consists in saying the you who is too credible b. you will. be always to the and so the fact is that we are living in a world where i would say both true we of course in the world of routine currencies it's certainly normal. appears as being credible but it is not welcome of course that it would be a scale getting that's absolutely obvious but again we depend on the decisions of would say the best as in savers the world over something that the former head of the european central bank thank you very much for this interview thank you very much madam. if you. you know. they don't want. to. be we can see. i don't want to i really do not want to die young. that diplomacy that seems to be coming from washington it appears to be. falling short of the expectations of the united states as a superior negotiator as a superior diplomatic player but we see what happened in egypt after the arab spring and the election of morsi if there was a space there where the

euro rose a little bit on the back of that, but they have cut rates. and castanzio made comments earlier in the week, said look, we had previous meetings, we looked at qe, and no, we didn't take any further. what is going to happen with policy? are they going to ease further, and if so, how? >> i think first of all, as to why they are doing -- why they're making these comments is obviously because they have a forward guidance with an easing bias. they must say they're willing to do more, otherwise, there would be no credibility to their statements. now, as to what they do next, if they need to accommodate further, i think a rate cut is more likely than qe. qe's really the bazooka -- >> the deposit rate or -- >> i would expect both. >> right. >> meaning that if the ecb cuts some time next year -- i don't see them cutting in december -- it would be a cut hype -- at least, my scenario would be they cut the refinancing rate again, say to 12.5 basis points or 10 basis points. i don't see it below ten basis points. the deposit rates seem metrically move from

twenty four euros a week seventy five cents an hour for ten hours a day six days a week. this boy he's my helper oh yes it's true he's just a boy but he's a hard worker and he's got to grow up sometime that's life. is one thing that i still can't understand i said i don't want to good mood but i have this one question with doing this all for you that you had everything. that you gave them all up and decided to go your way but what for. it was a late in form he tried to restrain himself but look first out anyway. it really puts me off that i have such a father. it was one small but very great secret and i have to live with it. if you're thinking about an alcoholic drink associated with russet it's probably not going to be one that springs into your head but they've been making it here on the black sea coast for more than ten thousand kids and there's an industry which really. can compete with the best the rest of the world has to offer i've come to meet some of the people going the greats and to see if i can find out the secret to the perfect. play. but soon i. it was rece