japan let alone a nuclear power would send shock waves across the region say experts but for now even with nationalist voices getting louder polls suggest that such ideas are still some way from becoming reality next year russia's deonte reporting from japan. this week author talks christians around the world celebrated christmas was. was in moscow around a quarter of a million believers took part in then overnight services in the capital three hundred twenty six churches the biggest one was held at the main crisis a vicar piedro it was a double celebration for worshippers as at the same time also hosted a relic known as the gifts of the magi said to be the gifts given to jesus by the three winds. are putting the adventure back into the money it's artie's business venture capital is up next.

well the british tell you it's time to write. to. the. market. find out what's really happening to the global economy for a no holds barred look at the global financial headlines to new cars a report on our to.

tell a happy new year well kevin see friends capsule in the far side of twenty four teams will be looking ahead to what's in store for the year is a great now holds the presidency the salt sheet winter olympics are less than a month away from now so we all think how much money spent on the games can be made by business pros in the u.s. as temperatures drop china goes cold on the big coin and another rough time why it's adult. parties but first let's get stuck in the salt talking about cool. because greece took over the european union's presidency this week but instead of

crowds of cheers protests broke out from greece who is that what they see as interference weak economic growth high unemployment and strict austerity the greek government has made it clear that there will be no more in force will start he dictated upon the country from brussels with the finance minister yes still not as a saying just taken say. it's simply too tough now it's not just greece because portugal has also hit out at the e.u. this week care with members of the country's parliament criticizing lawmakers for their lack of flexibility and knowledge of local realities when referring to the levels of austerity expects is on the economy but despite all of this resentment latvia the eastern european country this and thought that was financial fallout from the two thousand and eight crash has just welcomed the. it can't be that bobbing or can it more recent encouraging economic stats coming out of europe

including retail sales is sometimes hard to tell what exactly is going on now let's get a better analysis from nick parsons from national australia bank nick can you tell me what is in store for the eurozone in twenty fourteen. where the good news for the eurozone in twenty fourteen is going to be a lot better than it's been for the last couple of years when fortunately that doesn't set the bar very high you were and only came out of recession in the second quarter of two thousand and thirteen and even then the two quarters of growth we've seen of been only plus point three and most recently plus north point one so statistically we're going to call it a recovery the economy should grow something like one percent better than anything that we've seen for the last couple of years but in absolute terms not very good

and certainly not enough to bring down unemployment to anywhere near acceptable levels across the majority of the euro zone and what about greece it's raining on that country for now because of course it's got the e.u. presidency what does that actually mean do you think that greece is on to a better track or is the track still broken. but i think it's on track the worry for greece has got to be about the destination. unfortunately we've had four years of recession very deep recession which is seeing g.d.p. fall by somewhere between twenty five and thirty percent the economy is going to be repaired things i think will get gradually better but there's little or no prospect of the greek economy over the next two or three years getting back to anything like the sort of prosperity they did enjoy prior to joining the single currency so it's going to be a very very long and very difficult journey and the problem that greece is going to face the think will hear more and more of this is the fact that politically the

governing parties have only got a very very slim majority they hold a hundred fifty three seats out of three hundred in the greek parliament and there are limits to what they can actually push through from here all in we mentioned the politics in the year as a in general this seems like in terms of the economics it is slowly improving as you mentioned but the political situation the tensions are getting wireless. but politics is going to matter in two thousand and fourteen more than it is done so for a couple of years and the reason for that is that in may we have the elections for the european parliament you know we've already seen in france in particular that there's a hardening of anti sentiment the far left in the far right together in france but polling around thirty three percent in the latest opinion polls we're going to see are i think these president these european parliamentary elections being the

catalyst for a lot of antigovernment demonstrations in italy in spain and elsewhere and i think politics is going to become more important in fourteen that it was it any point in two thousand and thirteen and something else i want to ask you nick is the fate because that's the word that seems to be doing the rounds at the moment and it's curious because it's always been in inflation that's been the concern is now de face in the concern and if it is why. deflation is coming very much onto the radar screen at the moment let's remind ourselves where we are called prices in europe are increasing at a rate of just no point seven percent year over year now the e.c.b. he's got a target to deliver close to but just below two percent so inflation is lower than the e.c.b. would like the problem is that if forming inflation becomes falling prices

then there is a risk and it's only a risk rather than an absolute certainty but there's a risk that europe slides into the kind of trap that japan had in the one nine hundred ninety s. whereby consumers found it easier to perspire on purchases of goods equipment services because they knew or felt that they would be cheaper at some point in the future so the problem with deflation is that whilst on the one hand it can increase real incomes which you would say is a positive on the flip side it reduces the sense of urgency and it means that consumers can be rewarded for perspire owning purchases rather than buying now the problem with prices that just no point seven percent year over year is it can take just one or two months shocks to take is below that zero level so if you like it's it's like an airplane almost approaching stall speed there has to be a minimum level of inflation to give you can put that we won't drop below the zero

line because if we do drop below the zero line that could have some fairly negative consequences for businesses and for investors in credit markets across europe all right lots to look out for this year then next thank you have a smart safir they put out information really appreciate it passes that from national australia bank it's now less than a month until the winter olympics kicks off and russia's black sea resort of sochi city has undergone quite a. rounds from asian eighty five percent of the region hearts rebuilt from scratch at a grand total cost of fifty one billion dollars making tsotsi the most expensive and limit games in history and one of the biggest money spenders is russia's investment company basic elements responsible for the olympic village a marina and revamping the airport at a total cost of one point four billion dollars now venture capitalists are caught

up with come to see and ask what the government could do to get people to the country post the games and help those billions by. one of the ideas is to open sky for the all the international airlines to get to sochi direct flights there's a lot of interest in european airlines to go to sochi and open regular flights there will be trigger a number one the second one is that what we're thinking is to get he was the government that there will be a certain period of time one ninety six hours or maybe more for visa requirements for the people from other countries with the requirement or we can stand on the border something like that simplified procedure hopefully make it easier because then you can have a long weekend idea why don't i go to sochi and see where all these you know famous olympic games to place and we see there's a lot of demand especially in the short term after the olympics people would want

to those who would be shy to come for the event itself they would be very keen to come off tour and tested you know themselves in a calmer motorbike said sphere and this is a number of different ideas and also foreign journalists i will as well you know all the children's camps like the old education programs different events you know g eight is going to switch up to the formula one is going to be a trigger event on their own there you are in your bases. you should become you know should kind of update its image so she has you know go through c.d.'s rebranding intro an extra and he would have been successful to do will be a lot of kind of movement oh i like the sound of those visas getting easier to get ahold of my friends and family will no longer have any excuse not to come and visit maybe watching right now out staying with russians went back to work this week so

let's get involved with the corporate news to see what's been happening so the privatization of most days the largest need to write has been approved to go. currently i use three quarters of the heart and leave the stock entirely by twenty six days. the long awaited multi billion dollar deal between ross's gazprom and china's c n p c is said to be within reach according to sources close to the company the deal was satisfied china's energy demands for decades and transform gas problem finding a new pipeline system between siberia and the davis star. and it's a bad start to the year for one of russia's banks. when a civil bank has had its license revoked due to high risk and this was twenty nine russian fines were removed from the market in twenty as the government continues its clampdown on the overcrowded industry. in the freezing

temperatures the u.s. has been enduring this week could cost the economy five billion dollars temperatures plummeted to below zero in all fifty states which many people say the high not venturing out to the shops so therefore ferry little productivity and nearly five thousand flights were either counseled or delayed now the last cold snap back in twenty ten cost the country an estimated twenty eight billion dollars but that's because it lost it much longer of course now twenty fourteen is set to be another controversial one a fall debate coin o.e.s. the virtual currency has been banned by china's biggest online shopping group ali baba china is still the world's biggest use of the bit coin but the government is clamping down on its usage that this follows the central bank's ruling in december that behavior any companies from handling because they people's bank of china said

that because he does not possess the actually of a currency such as legal repayment and in forstmann abilities that individuals though. they are still free to try and sell that client at that risk so i have a feeling that twenty four scene is going to be in the mind of christ full of the big. eight they say that is the events capsule down and said i'm going to be on twitter awake so i'd like to invite you to join me on that one get involved with me is katie fils-aime take on i'll see you next week if i think. there are many eternal battles in society liberals and conservatives will never

agree on gun rights or abortion but there is one battle that is often more generational than anything the battle for school uniforms teachers argue that uniforms eliminate a big distraction in the classroom and break up the caste systems that can evolve at school between the cool fashionable kids and the ones who can barely afford lunch like me in my younger years but teenagers will scream uniforms crush their freedom of expression and that they have a right to express who they are their individuality who has the right to dictate to them what to wear the thing they don't realize is that if the school doesn't tell them what to wear their big corporations and m.t.v. will all the cool individuals who dress alike and blindly follow all the trends are just obeying corporate marketing instead of their parents yeah for some reason it is bad if the school punishes you for dressing improperly but if the cool kids make your life a living hell for not wearing the right brand of shoes well that's all well and good for some reason hey look at this way school uniforms are cheap which leaves more money for parents to buy you video games being individual in your actions and not a fake.