i mean that wolf we just have a half an hour from now in the meantime putting adventure back into money salahi's business program venture capital up next. wealthy british style. that's not on the title. market why not come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. if you. know opportunity.

to start to construct your own. q. no let me bit give don't want to meet gangsters you don't want to be drug dealers they don't want that well we know the time that a kid came be we can see. you just means a zero zero zero zero zero zero zero zero zero zero zero zero zero zero zero zero problems in the hood. so by about thirty round clip. about i said what about the. i don't want to die i just really do not want to die a young young. healthy new year well kevin see events. so in the far side of twenty fourteen we'll

be looking ahead to what's in store for the year is a greece now holds the presidency the winter olympics are less than a month away from now so we'll be asking how the money spent on the games can be made by business pros in the u.s. as temperatures dropped china goes cold on the big coin and another russian to find . a cold pretties but first let's get stuck in the salt talking about greece because greece took over the european union's president say 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 now the greek government has made it clear that no more in force will start he dictated a poem the country from brussels with the finance minister yes still not i was saying just hey you can 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 are we came out of recession in the second quarter of two thousand and thirteen but 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. 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 to think we'll 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 already and we mentioned the politics in the eurozone in general this seems like in terms of the economics it is slowly improving as you mentioned but the political situation just at the tensions are getting wireless. or 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 its in the in spain and elsewhere and i think politics is going to become more important in fourteen that it wasn't any point in two thousand and thirteen and something else i want to ask you nate 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 comfort 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 appreciated 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 results of such

a 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 living 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 a company and asked what the government could do to get people to the country post the games and help make those billions by. one of the ideas is to open sky for the all the international airlines to get to sochi why it's 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 it was the

government that there will be a certain period of time one ninety six hours or maybe more for the norm visa requirements for the people can come from other countries with the media 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 the month especially the short term after the olympics people would want to keep 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 call more than motor boat said here and this is a number of different ideas and then for 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 happen in sochi of the formula one is going to

be a trigger event on their own there you are in your bases. and so sochi should become you know should be kind of updated soon which sochi has you know go through serious rebranding internally and externally and you could have been successful it will be a lot of kind of movement oh i like the sound of those visas getting easier to get a hold of my friends and family will no longer have an 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 and see what's been happening so the privatization of most days the largest need to write has been approved to go. and currently owns three quarters of the harbor and leave the stock entirely by twenty six days. the long awaited multi billion dollar deal between russia's gazprom and china's c. and 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 meant people say hi i'm 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 said to be another controversial one a fall the big coin oas 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 big coin but the government is clamping down on its usage this follows the central bank's ruling in december that prohibits any companies from handing because they people's bank of china said that because he does not possess the actually of a currency such as legal repayment in forstmann ability is not individuals though. they are still free to buy and sell bit coin at risk so i have a family twenty fourteen is going to be in the moment for the big coin. and that is eight bulls of a show that is a bench cops on the docket but 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 game on tape and

also you don't see good bye and i have a great run. there are many internal 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 that 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 it 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 individual in trendy clothes but that's just my opinion. since no what you're arguing for is that currents should put that ethnic identity above that national identity let me ask you a personal question. occurred first or and iraq it first occurred first then i mean rocky i am not iraqi that i am a kurds because let me ask you that question from.