this officer pepper sprayed students protesting peacefully yet he got the compensation for psychiatric moron that had. using the site to. meet the new crop of british girls looking for love and loot online. but before that let's get the week's business news in venture capital. most of the missions that soldiers are sent to under the pretext of terrorism prevention are in many ways targeting the civilians that have nothing to do with with the actual attacks against israeli targets.

is on an epic journey to such. one hundred twenty three days. through to see my number two cities of russia. really fourteen thousand people or sixty five thousand coming. in a record setting trip. their. numbers fade. a limp a torch relay. on r t v dot com. welcome

to venture capital so this week's pay a man is she dragged itself out over a session is it too early to get excited when i get this is in just a moment also i will say bring a real spine is into the studio to get his take on the situation as well as that spine allegations hitting the u.s. and europe could affect a multi-billion dollar trade deal with corporate is to come as well as mr schoen thomas an in-house investor he talks to us from singapore and we'll see how he's getting on with his trace so stay. company starts with. spain's economy is officially out of recession after more than two years growth in the euro zone's fourth biggest economy grew no point one percent driven by exports and with the country's main stock index that having gained over fifty share with foreign investors becoming attracted once again to the nation's markets associates well

when it comes to the real economy the story is quite different domestic demand from mainz flats and even though unemployment has fallen slightly thanks to a busy to a season over a quarter of spanish people stand on employees and one in two young people are still unable to get a job so to get a better idea as to what's happening to the spanish economy i'm joined right now by steen jacobsen from sachs a bank so stay tuned as we know the spanish economy managed to drag itself out of recession. we've got a growth of no point one percent now can i just get your view what do you take from that no point one percent growth. sort of enough. you have to remember it is very easy for a country like spain to create a little bit of growth because the base the number you compare with was already very low so everything being equal it's good that spain is seeing positive growth

but point one can be revised into a recessionary number next time we have the first fruition so you know everything being equal this is just another story of how hard it is to get any traction insurance of growth when you don't we're gone real reforms and when you don't we're going to resupply side over the economy so would you say that the excitement that maybe politicians about. focusing in on is all an illusion would you say. oh say the politicians easily excitable people who have very little knowledge of economics and how it is constructed they continue to celebrate as zero point one percent growth number where we know a true recovery would have a train grove of about two percent and two percent is very unlikely i think it's more likely that i'll be selected to play for the danish national football team that any of the country's interest for europe will get to two percent inside the

next four years and i actually see and i do want to talk about unemployment because it has improved just spiced smeaton but it still die or isn't it the unemployment rate in spain twenty six percent how much of a problem is the if in the face of the politicians distance seems to be a big issue because they are more concerned about creating the financial stability and i think that it's to some extent very sad and again very shortsighted because it is a huge problem when you do so a whole generation of youth just think of saying what it does to productivity if your company didn't hire anyone off the a from twenty to thirty for the next ten years you will all be ten years old or you'll be going to the same cafe you'll be reducing newspaper and you will have to same opinion that recent the organisation in the world voluntarily want to all for profit organization nice young people to pose to be aggressive to have new ideas so you're creating

a very stalled and very non dynamic society by giving the youths and the youth that's what we needed it is the active. youth unemployment that will create the real growth and then you and i will be celebrating two and a half three percent growth in spain in state so in my opinion it is the one issue left on the table which no one wants to touch which no one sees any solution to but at the same time it is the exact same question you need to deal with and that i think it's what's for the fourteen will be over. ok stay jacobs in there from sykes a bank helping us crunch up those numbers that we're going to get some realism now from actual spaniards in the studio just here to give us an idea as to what's really happening. go via from our spanish channel here are a that what is going on they say you spanish what was it general mood and i meant would you say well the general mood now in spain it's really bad it's very

pessimistic people are not happy about the situation of course and the problem is that people cannot afore living on their own especially the johnston i mean right now. over forty five percent of people under twenty five they don't have a job i mean how can you afford living on your own so basically everyone is going back to their parents' home they kind of leave maybe you are forty you're thirty you're still at home there's no way there's no way out i mean with salaries ranging between. maybe eight hundred to one thousand euros per month that's the virtue right now in the spring i mean if you take into account that an apartment it's about eight hundred euros a month i mean how can you do it there's no possible way last if there is no possible way specializing reserve has some crazy examples of say cemetaries people taking their balances out of greys and putting them in a lower standard of of

a cemetery which just sounds absolutely crazy i mean it's crazy or is happening it's crazy but those stories are happening people cannot afore you know whatever they're paying cemeteries for instance i mean i was so. there's this trend of people young people who are in spain are fleeing the country wright says there is no future in their view and there is even worse generation that it is being called the lost generation because they have no a job. so just to give you a personal example most of my friends from college i mean they are either working abroad or working pretty much for nothing in spain or i mean that's pretty much live that i can probably sell really yeah it's a vicious cycle goodness me assassinated as far as a glass is. just that an iraqi for coming am. and the next time you make an international payment you might want to consider who

is spying on you is actually what the u.s. is accused of doing on european ministers and citizens actually and as a consequence the european parliament voted to suspend cooperation with washington and a financial data sharing deal this is in response to allegations made by former u.s. intelligence contractor edward snowden the n.s.a. spied on bank to bank messaging via the society for worldwide bank financial telecommunication otherwise known as swift which you've probably heard of so we've got our t. ball in based correspondent peter all of our right here now to talk us through the situation how much of an impact is this having on the economic relationship between the u.s. and europe that peter well the general reaction here in europe over all of the n.s.a. spying stuff is that these are spies spying is what they do but what it's come to business well there's a lot of trust that's involved in the deals that go on across the atlantic and it

has really damaged the trust we were talking to people for the shows at all to about the. a base level of trust that now has been perhaps irreversibly damaged by the spying that's gone on we've seen that the european union now certainly doesn't essentially trust its u.s. partners its voted to suspend. relationships that would have exchanged a set of. data which was supposed to be there to. to help combat terrorism which it turns out may have been used to to try and look into business deals as well as well as don't look into the the private banking finances of european citizens so what is the big problem is trust and that's just not there anymore and pay it seems like bad timing because obviously we've got the transatlantic deal still pending between the two economies that how much you think of the fallout we could see that do you

reckon. well this is a potentially multibillion dollar trade deal between the united states on the you and so spying sagar is really hanging over it like a dark cloud the negotiations have stalled time and time again this be various reasons for the earth but what we are seeing here in germany is these social democrats who look like they'll be the coalition partners of anglo merkel in the new government have said how can we possibly sit down with the americans to negotiate trade when for all we know they could be microphones and all of our desks cameras and all of our private conference rooms it could be the final nail in the coffin for the trade deal it's going to take a lot of the goshi ation to try and wrangle away wrangle around that issue and we've got billions of dollars at stake as he said pay to just pay to all of the right that are burning as a correspondent talking to us today thank you very much all right time for

corporate news now then with the world's fastest growing energy market the world's biggest oil producer yes i'm talking about china and russia says it is too conscious sign twenty one trade agreements this rate process of us largest oil producer will supply china with up to one hundred million tons of crude in the next ten years well ten years russia has been keen to move its energy trade from west to east this is in response to falling demand from the european financial crisis been one of the reasons and also europe societies diversify. well so with china the world's most populated country towns to grab his well unless he's keen to capitalize on this markets well that's a full down day buses biggest and in has a four to forty percent rise in the pool to sales the jump is due to deal with rival ruthless based online advertising is you have to log into that market by already and. now it's time to check in with mr schoen thomas saw in house invest if

you went all in and find out to us that we're going to be brave and just put it all that what happened that it's my cow. i got a little bit greedy because if you remember the financials and i was in spirit bank which is the russians largest lender you know for three weeks in a row they had an increase of one percent each week which means i was going gangbusters unfortunately i stayed in too long but right now if you look at my numbers i have nine thousand nine hundred thirty dollars in my portfolio so i'm down still but i'm still hanging in there i'm not losing too much so that's where i stand ok i'm going to presume that you're going to diversify now that and not just eggs into one basket as it was where else are these eggs going to be going going forward as well i'm i'm getting out i'm absolutely getting out completely natural industry entirely and earlier in the show you talked about you know so it's russia's internet search engine kind of like google in fact their headquarters are

not far from where i live their shares are right now lingering around the same ip zero price from two thousand and eleven and this is cool because they just recently announced record breaking profits so if i can get some in on some of those stocks at the original i.p.o. two thousand and eleven price and that information pushes my portfolio up i think that's going to be the best thing that i can do. so in sum as thanks ever so much enjoy singapore and looking forward to seeing you back to the headquarters that swayed. now phonies. i'm just a little bit excited about right now the fellow well disney intends to i put in three stills in russia next it will be like a day must go out some places the company already has almost three hundred seventy retail stores around the globe and that makes up eight percent of the corporation's income that you can't help that small can even say what is that you know about that is indeed venture capital for this we don't have a place we're going to. be and we've been focusing on spain of course who wants to

poison all the ways we've had a busy time of it but i'll be back same place same time next year is doing that but . two years out of the force of hollister of gadhafi by nato forces would be a stance at the abyss the lack of a strong central government weak rule of law and the endless violence in a country awash with weapons has resulted in libya facing a failed state status added to this the presence of islamic militants can things get any worse in libya. there's a media leave us so we leave the media. are the same motions and you're. right your party years ago. are shoes that no one is asking with again that you deserve answers from. politics only on our team.

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