french president visit libya. they promised to help rebuild the country. election day in denmark and the signs are there for a change in government. >> the rogue trader at ubs racked up losses of $2 billion. >> greeted like heroes, nicolas sarkozy and the british prime minister, david cameron, have arrived in libya to a cheering crowd. they are the first western leaders to visit since the fall of muammar gaddafi. >> president sarkozy and prime minister cameron received a warm welcome in benghazi. cameron told the crowd that they

are and inspiration to the world. >> your city was an inspiration to the world as you threw off the dictator and chose freedom. >> cameron and president sarkozy were the strongest supporters. now they're calling for a peaceful resolution. >> we believe in the united libya, not a divided libya. >> the two leaders of rival in tripoli was historic. there of the first western leaders to visit the post gaddafi's libya and the first guest of the national transitional council. they visited a hospital in tripoli meeting staff and wounded. the struggle is not over yet and cameron promised continued support. >> we must keep on with the nato

missions centile civilians are all protected and until this work is finished. we will help you to find good coffee and bring him to justice. >> the leaders are eyeing lucrative contracts in reconstructive and oil. suspectsthey have warned that sl oldest on tracks would be reviewed for evidence of corruption. >> -- they have warned that old contract would be reviewed for evidence of corruption. >> rebel military commanders say their soldiers control the roads leading to sirte and they have reached an important bridge in the city. the rebel convoy is lined up to attack from three directions. here in europe, voting is over in denmark and the country looks set for a change of leadership.

exit polls indicate that the majority of leaders -- voters have cast their ballots for the social democrat party. the party in opposition looks to give denmark to their first female prime minister. economic issues are being cited for the poor showing for the current prime minister. his party led a minority coalition which led to unpopular austerity measures. let's get the latest on this election. we go to copenhagen. >> good evening. >> is this a referendum on the country's economy or is there more at play here? >> it has mainly been in the economy which has been the central issue. there has been some talk about aliens and border control but in the end, it appeared to be the

economy. >> is this also a litmus test for the far right in europe? why did they lose in denmark? >> the far right of denmark has been concentrating just on alien's and border control and we have had enough of that. they thought that the pendulum had gone too far to the right. >> what is the feeling in denmark. this is a new chapter for the country. you will have your first female prime minister. >> this is quite an experience. this is not -- this is the first time in danish political history that we have had a female prime minister. on the other hand, she will govern with the trepidation of the left-wing parties. it will be tough to keep them together. >> quite a job and an exciting time for the country. thank you.

there has been more strong words from german chancellor angela merkel in defense of the eurozone. she is facing criticism within her own government over her response to the debt crisis and the cost of bailing out countries like greece. she opened the frankfurt motor show with a warning about what a broken euro could mean for german exports. >> the german auto industry is riding high, but for how long? with fears growing that the eurozone crisis could put the world back into recession, angela merkel reminded her audience at the euro is worth fighting for. >> germany can only prosper in the long run when the european union as competitive as a whole. over 60% of our exports go to the eu. it is quite clear that the european single market and the euro are essential to our economic success.

>> even within her government, there are doubts about her approach to the crisis. her transport minister, a member of her bavarian coalition partners, have criticized the high cost of bailing out countries like greece. >> we cannot allow a rescue at any price without anything on the part of greece. >> in greece itself, the atmosphere is all the tile. these ship builders say there is no point in cutting the deficit if it wipes out economic growth. -- the atmosphere is volatile. >> the eurozone debt crisis has the world's central banks worry that they are turning on the money pump. >> there will be a sigh of relief. the central banks have announced they are taking ordination act -- coordinated action. this is seen as a strong and

timely response to fears about such intervention, the crisis could trigger a european credit crunch. the european central bank, the bank of england, the bank of japan, and the swiss bank said that they will try to provide liquidity through the end of the year. shares rallied and french banks rocketed higher on the news. there was fireworks on the european stock market. shares went soaring. >> it was a day of the rescue as the clear comments to greece was the first driver before central banks sparked their real rally driving up the rope. there is the fear of an upcoming greek default, there is worries about the lack of liquidity at european banks.

french banks and made up for the losses this week. the damage by ubs caused by a rogue trader caused discussions on the floor but was of little significance. >> we start in frankfurt where the benchmark dax closed up more than 3%. the eurozone stocks 50 also ended the session three and a half percent up. -- the euro stoxx 50 also ended the session three and a half percent on up. the euro has strengthened, it is up against the dollar at this hour. after a strong start to the year, the european commission said that the eurozone economy will record extremely modest growth in the second half of 2011. they expect slower global growth will hurt exports.

they believe that the sovereign debt crisis will lead to more hesitant investment and lower consumer spending. >> the eu monetary affairs commissioner was the bearer of the bad news. economic growth is set to slow to almost zero. >> economic growth in the european union is expected to go to a virtual standstill towards the end of the year. >> the european commission has revised its original gdp forecast down to 0.2%. it is because of a strong start to the year that the overall growth forecast stays unchanged at 1.6%. germany is expected to blazed ahead with almost 3%. italy is really feeling the heat of the crisis with lackluster growth. france is looking weaker. the eurozone and debtor nations

like greece must deliver clearly on promised reforms. >> there is implementation and doubts about some policy measures to combat the sovereign debt crisis continue. >> the commission had one small comfort, they do not expect the eurozone to fall into recession. >> the new head of the international monetary fund says international politicians must work together and move quickly to keep the global economy afloat. speaking in washington, she warned world leaders that political in decision could plunge europe and the u.s. into recession. she says the european looming debt burden was trading a crisis of confidence and warned that a new downturn would spell disaster for emerging countries. she said the recovery is possible but only if debt-laden european governments get spending under control. as we heard earlier, leaders of

germany, france, greece spoke on the phone on wednesday and that seemed to call on fears of a greek defaults. -- seem to calm fears of a greek defaults. the greek government look to find more austerity measures. nevertheless, there was an out beat appraisal from eu officials in the country. -- there was upbeat appraisal from eu officials and the country. >> they praised at the greek government for committing to major reforms. >> i hope that we can be of support for implementing these great number of projects which the greek government has identified to make greece more attractive. >> the task force will help

aston's access aid from the eu. -- will help athens access aid from the you. >> the debt cannot be paid off. no matter what we do, it is impossible to bring it down. >> we need to get the problem fixed but the government has to move much faster. >> the task force says it will take time. they are due to release their first report at the end of october. >> swiss banking giant ubs confesses that a rogue trader has lost them $2 billion by conducting unauthorized transactions. police have arrested a 31-year- old man. ubs has said little on the scandal. >> the banking giant has not had much to say but one thing is clear, it has cost the lender a

lot of money. ubs shares took a dive following the news. this will also eat into their earnings. the bank warns that it could cause a third quarter loss. >> this is a huge issue. it shows that their risk management controls are not there and it shows may be ubs's not one of the only banks that is happening -- that this is happening to. >> this is not the first time this has happened to a major bank. the most spectacular case involved a british trader working in singapore. he made unauthorized trades which cost about 1 billion euros which led to the collapse of the bank. it prompted banks worldwide to tightened internal checks and balances. in 2008, another broke banker caused more damage to the french bank, societe generale.

-- another roarouge banker cause more damage. >> it is back to you. >> a fire on a norwegian cruise ship has killed two of the crew members and injured five others. this was in the west of norway. they're clear -- there appear to be an explosion in the engine room. the fire is under control but the ship is taking in water. germany does not treat some men fairly when it comes to paternity suits, that is the opinion of the european court of human rights. this is an unusual case. the man says he fathered a child

the during an affair with the married woman. the man demanded a paternity test and visiting rights. the european court says that in some cases, the man should get what you once. >> this man believes that he is the father of a child he has never been allowed to see. he had an affair with a married woman who returned to her husband after becoming pregnant. he sued for access rights. he took the case to germany's highest court but lost. he was not even granted a paternity test as the child's legal father is the mother's husband. now, the european human-rights court has found that the german verdict is in violation of human rights conventions. >> his right to the protection of his family life was violated. the german courts did not verify whether it would have been in the child's best interest to

have contact with his alleged father. >> under german law, he had no access rights to the child because it gives priority to existing marital and family relations. the verdict from the yew is a sign that germany might need to reevaluate the rights of unmarried fathers. -- the verdict from the european court is a sign that germany might need to evaluate their rights of unmarried fathers. >> the frankfurt motor show, we have our foot on the gas. stay with us.

>> if you are into big shiny cars, you are out of touch. the trend these days is small, compact, environmentally friendly cars. it is not just high gas prices

but also the concerns over high pollution. the races on to produce the best enviro-car, that is what is called. the best place to see that is at the frankfurt auto show. electric cars are a big call but it will be awhile before they are on german roads. >> it is time for the limelight. lout ectronic music bmw to 2013.

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my hand is off of the steering wheel. gas and shift gears. t ba ' is function be better if it was fully automated? en wod t have to bother with anything whenzi to sce >> the problem with a fully automatedfuti is that the aiver is no longer in control a result, they are no longer responsible. car makersou b liable for damages for y ndit atou happen during parking. a aon way from that scenario. test numbe two automatic braking. this is a usefulooinumr- to-bumper traffic, especially

because the ai does not to opit rolls on again all by itself. d't need to touch the pedals. this time, all i'moi i steering. it coulbe possible to program cars so that they drive all by themselves, theoretically, but tests so far say that sensors cannot cope with the high volume ofehle moving in close proximity. >> especiayhen it comes to a complexittisnd complex decision making processes, people are simply more reliable. it would be extremely difficult donra tt machine is a better overall driver than a peon. >> i am nvce oe more, driving a car like this is also a lot of fun i quickly got used to it with

all thextras and its 245 horsepower. when see the price, my dream of taking it homeen. i will just have to start saving my pennies. >> no one said it was cheap. th h bnou "in depth," report on e latest icars and technology from the frankfurt auto show. thanks for joining us.

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