the eu only reluctantly agreed to bail greece out. it seems that the eu is trying to come up with a way to make sure a crisis of this kind never happens again. germany and france have their own plan. countries with excessive debt would have their e you voting rights taken away. most controversial, the idea that changes would have to be made to the treaty that bind the eu together. the german chancellor standing by her believe today that some modification might be required to ensure that any future rescues pose less of a threat to the u.s. and its currency. the last changes took so long to negotiate -- it will be a challenging summit all around. bbc news. >> the current argentinian president has launched tributes to her husband's nestor kitschner. we have more on an nation in mourning. >> people began gathering almost as soon as his death was announced. and they kept coming and coming. most stayed overnight to ensure they did not lose their chance to pay last respects to the man who govern them until 2007. >> we spent the night here an

. >> rules for offshore oil drilling in the waters off the coast of the eu are being discussed today. >> yes, efforts to halt deepwater drilling off the coast of europe in the wake of the gulf of mexico disaster failed yesterday following intense lobbying pressure. the european commission has instead proposed a tightening of existing rules. there are currently several hundred offshore oil rigs operating in eu waters, most in the north sea and the mediterranean. safety regulation has so far been in the hands of individual member states. >> after the devastating oil spill in the gulf of mexico, the european commission wants to prevent the same thing from happening in european waters. the energy commissioner has now put forward eu-wide safety standards for deep sea drilling. >> we want to tighten licensing procedures. we want checks to be more frequent and details. we want motives of those who carry out the checks. that guarantees maximum independence and safety. >> the proposed regulations would force drilling companies to provide more detailed emergency planning and to prove they have

allen has lines -- -- our headlines, the eu can no longer cope with the surge in immigrants. and a secretly filmed video appears to confirm that votes for world cup bids can be bought. the greek government says it does not have the resources necessary to halt a surge in illegal immigrants crossing its border with turkey and has asked the european union for help. brussels has described the situation as alarming and sending members from its border agency. it is the first time since its creation three years ago that members from the 2000-strong intervention force will be deployed. >> this is the most porous border in europe, a 10-kilometer stretch between greece and turkey, a unit from the e's quarter agency is carrying out exercises. the team uses imaging devices to carry -- to identify migrants. they will be deployed now on their first mission. >> we know that a part of the border is currently not controlled, not guarded. greek authorities cannot manage to a share control this part of the extended border of the european union. >> nearly 90% of migrants trying to reach europe d

. >> rules for offshore oil drilling in the waters off the coast of the eu are being discussed today. >> yes, efforts to halt deepwater drilling off the coast of europe in the wake of the gulf of mexico disaster failed yesterday following intense lobbying pressure. the european commission has instead proposed a tightening of existing rules. there are currently several hundred offshore oil rigs operating in eu waters, most in the north sea and the mediterranean. safety regulation has so far been in the hands of individual member states. >> after the devastating oil spill in the gulf of mexico, the european commission wants to prevent the same thing from happening in european waters. the energy commissioner has now put forward eu-wide safety standards for deep sea drilling. >> we want to tighten licensing procedures. we want checks to be more frequent and details. we want motives of those who carry out the checks. that guarantees maximum independence and safety. >> the proposed regulations would force drilling companies to provide more detailed emergency planning and to prove they have

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>> the conflict erupted monday at a meeting of eu foreign ministers. many have reported some receiving calls from the german chancellor. it is unclear if she ihas won over opponents. the>> if you want to instill a permanent crisis manager mechanism, we have a temporary one in place for the next three years. it is important to get a grip on the so-called moral hazard problem. one has to find ways that also include private creditors and a potential solution to problems. >> that would require a change to the lisbon treaty backed by 27 members. the euro continues to polarized. thursday's summit looks set to be a stormy one. >> just before that summit opens, greece's finance minister said the debt was higher than previously thought. the deficit has been set at more than 15% of gross domestic product. the economy will continue to contract this year and next year. the eu has imposed conditions that greece must reduce its deficit to below 3% by 2014. controversial french protack -- a controversial bill has passed. the national assembly approved a plan that rai

china at an 8.7% while the eu shrank. >> at the moment, you see germany recovering. asia has done rather well and hasn't been hit very badly. all of these countries are still quite poor. they need your markets and investment. >> certainly a massive summit. talking about how countries will try to find common ground on climate change. pressure being applied to china. to the leaders that will meet at the royal bell begin palace. representing half of the world's trade. they won't function properly. >> the draft 2011 budget delivered those assigned eu and the imf. pledging to support the euro and government bonds. despite the crisis and the promise for the bond the next time. reigning in the activities. a government commission proposing the two banks. that move goes much further. let's talk about some fast quotes. giving the global steal industry a big boost. according to the world's steal association growing by 5.3%. this year, demand will jump to levels higher than that before the crisis. >> you think that helped the market, you bet your bottom dollar. a lot of speculat

he said the constitutional changes brought turkey closer to eu membership. in the end, polite applause for the german president. during his visit, he is also expected to address a business forum and attend a christian religious service. >> our correspondent has been following president wulff's visit to turkey. we asked how his spch t turkish parliament wareceed >> with a little bit of bewilderment and puzzlement. actually, all the problems he enumerated are unknown in turkey. he was speaking more to the german public. obviousl his speech was also being broadcast there, where the integration debate is raging. but some of the doors of the speech in the parliament today would have been puzzled but all the problems which he called "our problems," without saying whether he meant the germans or turks or both together. the problems in german cities are not really problems the turks have to do with on a daily basis. there is a rage to educate yourself in turkey. all the young people try to get education and work hard. they are taught to be very respectful to elders.

is making huge deals with our enemies and allies this week they are promising hunts of billions to euations. charlie this has you worried, why? >> china is not just any other country. this is a country with designs of world domination. they are still a dictatorship. they are semi communist, i don't know what you want to call them. they have designs on taking us out and i worry about them. look at it this way, chinese can control monetary policy in the u.s. by boycotting our debt, long term interest rates go up and that has a major i am back on the economy. i worry about these guys. >> wayne he has a point they hold 846 billion dollars in u.s. treasuries they are the biggest holder of u.s. treasuries. >> biggest problem is they can use their influence with foreign countries by virtue of the fact they are now, maybe getting close to the largest capitalist country in the world regardless of what they call themselves. i'm not so sure what charlie is saying, in is -- our printing of money going to -- we have potential inflation of this country, regardless of who owns the debt. >> i'm not t

allen has lines -- -- our headlines, the eu can no longer cope with the surge in immigrants. and a secretly filmed video appears to confirm that votes for world cup bids can be bought. the greek government says it does not have the resources necessary to halt a surge in illegal immigrants crossing its border with turkey and has asked the european union for help. brussels has described the situation as alarming and sending members from its border agency. it is the first time since its creation three years ago that members from the 2000-strong intervention force will be deployed. >> this is the most porous border in europe, a 10-kilometer stretch between greece and turkey, a unit from the e's quarter agency is carrying out exercises. the team uses imaging devices to carry -- to identify migrants. they will be deployed now on their first mission. >> we know that a part of the border is currently not controlled, not guarded. greek authorities cannot manage to a share control this part of thextended border of the european union. >> nearly 90% of migrants trying to reach europe do

francisco campbell / nuevo embajador de nicaragua en eu eu --- campbell dijo que nicaragua juega un papela estados unidos en la lucha contra las drogas y el crimen organizado...----asi mismo, dijo que abogaÁ por una reforma migratoria integral para los indocumentado s. ---hacemos la primera pausa en el noticiero que usted prefiere... ---y al regresar comenzamos a conversar csobre esta propuesta de legalizar la marihuana y prohibir que se fume en las casas... que opina usted...comience a llamarnos. llamarnos. en noticiero telemundo 48 a las seis, tu voz en la comunidad= ---seguimos en noticiero telemundo 48 con el segmento "tu voz en la comunidad" .... donde lo escuchamos a usted. ---abrimos otra vez nuestras lineas telefonicas.... ----el tema de esta noche es: sobre la propuesta de legalizar la marihuana ... y de la ordenanza del condado de santa clara que prohibiria fumar en la propia casa.---usted que opina ? --le damos la bienvenida a daniel quien regresa de unas merecidas vacaciones... --y hoy reflexiona sobre el tema de la noche ... -- los fumadores de tabaco .... y los fumadores de

. >> support bill said an eu summit with the german proposals to trade the list of trading.erman parliament was to extend a life of the nuclear power plants. the death toll from the tsunami in and new shut rises to more than 350 with hundreds still missing. -- in indonesia to more than 350 with hundreds still missing. >> the european union has backed calls by germany and france to shore up europe's defenses against any new possible financial crises. at a summit in brussels, eu leaders approved calls to set up a permanent system to bill eurozone states of a possible financial trouble. the plan will protect europe and threats like those faced by greece earlier this year. >> chancellor merkel appeared confident of winning as she arrived to the negotiations. together with her ally in the matter, french president nicolas sarkozy, she hopes to persuade the other leaders to agree to changes to the lisbon treaty. to protect the euro in times of financial crisis. >> i want to emphasize here that in my view, policy which endangers the bureau as a whole is policy which shakes the found

but while recovery in a select few other countries looks robust, others in the eu still sit uneasily on large piles of debt. >>reporter: just outside munich lies the campus of semi-conductor maker infineon. it's one of several german exporters currently staging strong recoveries. like many german firms, infineon was hit hard by the recession. >>bauer: i'm in semi-conductors for the last 25 years and all these years i haven't experienced such a steep downturn as this one. we were down in some businesses on a quarterly basis 50% as compared to the previous year. all in all the year 2009, was 22% down. >>reporter: infineon's share price tumbled from well over 4 euros to just 40 euro cents. to regain the confidence of the capital markets, the company took drastic action ... cutting costs by 600 million euros, firing 15% of its staff, and selling off non-core businesses. now in 2010, that forced restructuring is paying off. >>bauer: with 50% growth this year, outperforming the 30% growth of the semi-conductor market and with a verybig turnaround in profitability from making losses to maki

this was given the green light by eu leaders despite concerns about opening european markets to south korean car makers. brussels expects trade to increase 19 billion euros. the eu china summit took place in brussels on wednesday against the backdrop of a looming currency war in which the major nation and accuse each other of manipulating exchange rate. the major participants are china as well as the u.s. with europe caught somewhere in between. >> the federal reserve is expected to put more dollars into circulation. the policy of quantitative easing is aimed at boosting the economy. china is keeping their currency at an artificially low level which makes their goods cheaper abroad. they are not keen to allow their currencies to appreciate. the beijing government fears bankruptcy and unemployment. the head of the imf has warned against the dangers of using currencies to boost economic activity. in the financial times interview, he said that there is an idea of beginning to circulate currencies can be used as a poverty weapon. the u.s. government has been urging beijing to take action.

. >> the self determined directive is an attack on the institutions of the eu. >> there is a parts from the beach and some beautiful hotels, there is a casino. maybe we should [unintelligible] >> on monday and tuesday, the german chancellor agreed with the french president on significant changes to deficit sanctioned procedures. germany had wanted the european commission to impose immediate and automatic sanctions on countries that agree to the deficit limits. now sanctions will require a six-month grace period and a qualified majority of euro zone government. the commission president says the only want from progress on the issue. >> was the clear. the overall results must present a real change from the current situation. >> critics say the euro will stable honorable even under the new regime in a week's time. the 27 leaders will discuss the changes in brussels. >> the german chemicals giant says the surest and not to be better than expected. the company has boosted its outlook for 2010. the global economy has improved. profits in the last quarter soared. for the year, it expects to ear

spoke at a meeting of european business people in brussels on wednesday, ahead of a summit with the eu leaders. wen said a rapid revaluation would force many chinese exporters out of business and migrant workers to return to their villages, causing social turmoil. the eu has stepped up calls for china to allow the yuan to appreciate, arguing that its exchange rate is being kept too low. wen pointed out, however, that china has helped european countries saddled with fiscal deficits. >>> meanwhile, in washington u.s. treasury secretary timothy geithner has urged emerging economies to be more flexible in their foreign exchange policies. geithner made the remark in a speech on wednesday that came just before the weekend meetings of the group of seven nations. the international monetary fund and the world bank. >> we believe it's very important to see more progress by the major emerging economies to more flexible market-oriented exchange rate systems. this is particularly important for those countries whose currencies are significantly undervalued. >> geithner didn't specify it was china he

the headlines at this hour, eu leaders to back the french and german plan to stave off the debt crisis. indonesia's mount merapi continues to erupt. and two weeks after the rescue, the chilean miners say it is their families and faith that help them cope with life. ñ>>> the european union is facing a new round of negotiations on the lisbon treaty after leaders agreed to embark on landmark reforms designed to fend off another financial crisis. the agreement was sealed under pressure from german chancellor angela merkel and endorses limited changes to the treaty. berlin and paris demanded document be amended so we rescue fund could be set up to help nations in financial distress. >> the german chancellor and french president spent long hours trying to win over their partners. many were anchored by the agreement. but there were no hard feelings. >> my relations with mrs. merkel are untarnished and warm, but this time we did not embrace as much as usual. that has nothing to do with the news from deville. it is more about my sense of christian altruism, which forbids me from kissing anyone

eu finance ministers met in luxembourg on monday to discuss how to prevent another global crisis and the confusion on the currency market. they agreed to impose sanctions neglects to address ballooning government debts within six months. the supplies to budget deficits, which are forecast to exceed 3% across domestic product by a wide margin. behind the move is strong criticism that greece's failure to disclose and contain huge deficits caused loss of trust in the euro by global market players. as most eu nations are already carrying deficits above the 3% mark, the tougher stance will likely be an extra incentive to clear up their debt. >>> now, compared to other real estate markets and emerging economies in asia, japan's property prices have been on the decline. but the country's ailing market maybe getting a helping hand from investors from other parts of the region. >> reporter: this condominium in suburban tokyo was built 15 years ago. 50 units haven't been sold or had any buyers recently. now one tokyo-based real estate company is giving them a new lease of life by renovating th

if people like you can say the threat, arguing for a second of all, are there eu rules governing this? we are always told the are hot on health and safety. >> it is frustrating. there were two similar events in spain and romania that also affected the danube in the year 2000. the new directive was eventually produced in 2006. i was involved in various stages of the negotiations. during the passage through the various committees and european parliament, there was heavy lobbying from the industry that put out most of the provisions that would prevent the sort of thing. four years after the directive came into force in proves to be a lame duck. >> you are saying the industry itself got into the u.n. of putting in to do -- got into the way putting in measures? >> very vociferous elements representing the small sectors that were very or vociferous and over the top. you cannot put all of this burden on this. the reality that these dams, they are constructed over many decades of minerals. always changes of personnel, there is loss of information so they're very much a field -- have a failure

the president of the european council has announced that eu heads of states have agreed to establish a permanent crisis mechanism to safeguard the financial stability of the eurozone has a whole. speaking at a summit in brussels, he said the absence of such a mechanism during the great financial crisis -- during the great financial crisis threatened the eurozone. >> mission accomplished for france as president nicolas sarkozy may be languishing and the polls at home, but in brussels thursday night he felt like a winner. his campaign for tough new rules to protect europe's single currency appeared to have paid off. >> today, we took important positions to strengthen the euro zone. we have endorsed the final reports of the task force. we have also found an agreement about the procedure to decide and mechanism for the eurozone. >> when he says crisis, this is what he means. this spring, greece was almost swamped by its national debt. europe's single currency nearly cracked under the strain. now the person at the helm of europe's most powerful economy is determined never to let it happen

with 70 percent of non-life business "auto insurance", both the eu and the us want the wto deal changed. >>reporter: and there's more. foreign life insurance companies must have a local partner and cannot hold a majority stake in the joint venture. plus, only one partnership is permitted, which is a big problem if relations sour. >>quintana: if you pick up the wrong partner at the beginning then you have only one solution which is divorce and then look for another one! you can't just kind of supplement that partnership with another one which you hope will be better. >>reporter: with only a handful of foreign players making profits, some are now re-thinking their china strategies and retreating from the market. >>mackie: faced with barriers, strong domestic competitors and now, the growing number of banks licensed as insurers, foreign companies are lobbying for a more relaxed and transparent regulatory environment. inthe meantime, it's down to sound marketing... and getting a name for delivering better service. >>reporter: for liberty insurance, this means having mcdonald style drive-ins

destacar los logros de la lucha contra t uni-el narcotrÁfico eÚ pero discutir o no ser consumo de drogasl contenido de la reuniÓn en lima. fsemana lanot uni-fsemana lanoÓ jefes policiales y presionados. mÁs de 3 t de cocaÍna procesada en perÚ, financiada por una organizaciÓn dirigida por mexicanos, y cuyo destino era europa. eso explica por quÉ el 100 organizaciones del crimen que se han globalizado, los paÍses tambiÉn deben unir sus fuerzas a la cometerla. para eso,ana la los zares de la lucha contra la droga se han reunido en lima. el presidente alan garcÍa saliÓ con los pies en alto, el presidente alan garcÍa saliÓ con los pies en alto, contra aquellonot uni-fsemana l@ t h@not uni-fsemana lanot uni-f prensa esta semana,1 doloroso incidente deportivo, un anunciado viaje a chile y su firma que acaba de promover una. gloria carrasco, reportÓ los detalles. >> el presidente morales estampÓ su firma en la ley, y duros cuestionamientos de sectores polÍticos de oposiciÓn que protestaron contra la norma en el senado, vestidos como presos donde fue uni-fsemana lanot uni-fsemana la hemos sido pr

never forget, behind the eu there are shareholders, like any company. if you put on board the french, germans, italians, and brits, when they want to -- most of europe -- i do not want to dismiss our other european partners, by it is -- but it is a fact. the space powers in europe. the other point is, we had a reform of the european institution. before, we had a terrible decision where -- structure where every decision need to be done in a certain way. now nobody can block any decision indefinitely. if you want to get through, you negotiate. on the corridor, entering the minister of european councils, heads of state, and then maybe you get some benefits, i am sure. but it is a system under construction. we have no other way out. national budget. i do not see france allocating $10 billion on and space exploration program. it is impossible today. the other dimension we could have is on the european continent side. the system is not perfect, it does not work perfectly. i know. i used to be a european union civil servant. but it is the best we have and we h

he found fanny her rent provides 500 eus a month. she has two rooms to herself. she pays a lot of rent for a small area that she shares with her teenage daughters and young child. they are allowed to use the kitchen when the owner is finished with breakfast. >> we all ahve to use -- have to use the kitchen, but we mostly stay in the room. we don't use the living room. when i cook something, i bring the food in here. we don't get on each other's nerves or argue. >> it is an alliance of convenience. he is worried he may not get rent. she works odd jobs, cash in hands. >> are you workign tonight -- working tonight? >> no, they don't need me. if they need me, they'll call me. >> it is not how they imagined life in their own home. the days of living in student apartments are gone but they watnented to avoid selling the home at all costs. it would be hard to find a buyer in any case. ther arre are two million empty apartments but notall are available to rent. many people leave their apartments emptyty those available are too expensive for jorge. he is a freelance photo

joining the eu used to be a priority, but the economy is now the main focus. many people worry more about their income than their country's political alliances. >> bladimir is saving up to buy a horse. -- vladimir is saving up to buy a horse. but he cannot afford it. >> ukraine used to be part of the soviet union. then our wages went three times further. >> the government needs to do something. there is no difference between politicians. they are always fighting with each other. politics is politics. six years ago ukrainians took to the streets in protest against great elections. those campaigning under democracy came to power looking to become part of modern in europe. those associated with fraud were forced out. now the conservatives are back. the huge statue towering over the capital was never taken down as others work. she is the mother of the motherland. many are accusing the government of shunning europe, because the more authoritarian and following in the path of russia. >> to my mind one of the things that was an obstacle on the way forward was too muc

an eu referendum lock to protect our sovereign powers every year.for our pensioners -- the earnings link restored. for our new entrepreneurs -- employees' tax reduced. and for our brave armed forces -- the operational allowance doubled. look what we've done in five months. just imagine what we can do in five years. in five years' time, our combat troops will have left afghanistan. this party has steadfastly supported our mission there, and so will this government. but that does not mean simply accepting what went before. in our first few weeks in office, we set a clear new direction. focused. hard-headed. time-limited. we are not in afghanistan to build a perfect democracy. no dreamy ideas. just hard- headed national security -- pure and simple. almost every terrorist who took part in 9/11 was trained by al qaeda in afghanistan. if we left tomorrow those training camps could easily come back, because afghans are not yet capable of securing their own country. but we will not stay a day longer than we need to. british combat forces will not remain in

overtime to police, and this is what this is really about, about a coming together and working with the eu -- ec and the industry. the commission itself, commissioner joseph an interim director kane are part of this. this is nothing that was done outside of the commission's realm, but there was great enthusiasm and effort on behalf of the industry professionals, so i'm going to ask the inspector to go over a brief overview of the items. i do not think we need to address every one of them at this point. ? -- at this point. i think it is only were the that we go over these issues in detail, so, inspector? >> good evening takoma commissioners, vice chair joseph, president. -- good evening. this was a collaborative effort between the police department, the commission, as well as people recognized as industry leaders, and we came together with the goal of how we can make clubs safer, and i am just going to do a brief overview so we do not belabor the light note -- night. we will be grouped into three things. what we believe would be wise and prudent, mandated conditions that could potentially b

. >> the dublin says it does not plan to turn to the eu cap in hand. the imf supports our land in its stance progress so -- supportsn its stance. dublin has until november to present a rescue package for the next four years, detailing how it plans to reduce its debts. >> european stocks dropped on thursday as investors lost profits. it was the last trading day and it wrapped up the best quarter for equities in a year. we have wrapped up from the frankfurt stock exchange occurred >> the european debt crisis is worsening, but then traders have been torn between positive and negative news. the bailout of irish banks is a big problem. some companies have been very optimistic. they expect higher demand, and a deutsche bank's investment is lightening up. >> let's take a quick look at the market numbers and see how the thursday session ended. in frankfurt, it finished the session lower by .2%. in new york, let's take a look at those numbers. the dow jones down by .5%. on all lackluster jobs report that came out during the session. the euro is going for a $31.

. >> the dublin says it does not plan to turn to the eu cap in hand. the imf supports our land in its stance progress so -- supportsn its stance. dublin has until november to present a rescue package for the next four years, detailing how it plans to reduce its debts. >> european stocks dropped on thursday as investors lost profits. it was the last tradin day and it wrapped up the best quarter for equities in a year. we have wrapped up from the frankfurt stock exchange occurred >> the european debt crisis is worsening, but then traders have been torn between positive and negative news. the bailout of irish banks is a big problem. some companies have been very optimistic. they expect higher demand, and a deutsche bank's investment is lightening up. >> let's take a quick look at the market numbers and see how the thursday session ended. in frankfurt, it finished the session lower by .2%. in new york, let's take a look at those numbers. the dow jones down by .5%. on all lackluster jobs report that came out during the session. the euro is going for a $335.

joe, eu good morning to you. >> good to have you back with us. >>> bethesda salon will be closed today after a car smashed through that shop's front window. it happened at the bradley shopping center yesterday morning. an elderly driver lost control, slammed into another vehicle and crashed into the house of alexis ir salon. one woman said she had to dive out of the way to avoid getting hit. >> i looked up and i sathis white car coming really, really fast for the window. so i tried to dive out of the way and towards thefloor and it just came through the window. and all kinds of glass and everything floated everywhere. >> fortutely, no one was seriously injured. both will be inspected and are expected to remain closed until repairs can be made. >>> neighbors in silver spring are remembering the life of a man o diedfter a violent altercation with police. 65-year-old kareem abdul ali passed away three days after he was pepper sprayed and tased by officers. his friends and family members still want to know exactly what happened. news 4's darcy spencer reports. >> reporter: relatives and fr

funds developed to essentially harvest certified emission reductions and trade them perhaps in the,eu, or in california. so there's a question whether the community wants their credit emission to leave the community but still, there's a lot of opportunities to others that may need assistance reducing the emissions. >> all right.. thank you. i think we're just about out of time and i wanted to just take the last couple of minutes to remind you that the website will be open. do you know how long laura? your going to talk about that. you have cards and you can put any comments on that. particularly if you have thoughts about what we, as agencies can do collectively to address to both prevent and address the impacts of climate change and, question two, is what specific things are you doing now to address it and would you like to share with other agencies and people involved in water supply. thank you alright. so much for being so active, and bringing such thought full comments to the general discussions. i want to thank our panelist for being energetic and having fresh thoughts after 36 h

overtime to police, and this is what this is really about, about a coming together and working with the eu -- ec and the industry. the commission itself, commissioner joseph an interim director kane are part of this. this is nothing that was done outside of the commission's realm, but there was great enthusiasm and effort on behalf of the industry professionals, so i'm going to ask the inspector to go over a brief overview of the items. i do not think we need to address every one of them at this point. ? -- at this point. i think it is only were the that we go over these issues in detail, so, inspector

in comparison, eu member states stricken almost level balance of trade. the u.s. has begun printing more money. they want a cheaper dollar to improve the country's position as an exporter. that has not made enough of a difference. the house of representatives passed a bill that would expand the commerce department's power to slap tariffs on china for currency manipulation. >> the u.s. wants to export more, but they also want to put export restrictions on other countries like china. what does that have to do with the level balance of trade? >> the europeans are reluctant to join in the war of words. their only message for wen jiabao, a strong yuan is good for everyone. >> china and the united states are germany's biggest trading partners outside of europe. earlier this year, china overtook germany as the export champion of the world. the united states, despite the current financial crisis, remains the biggest economy in the world. our next report looks at the company near homburg -- hamburg, keeps a very close eye on the exchange rate, because 3/4 of its turnover d