germany and france are continuing their push to end the eurozone debt crisis.ave they made any progress? we will be looking at that in one minute. stay with us. ♪ ♪ ♪ >> thank you so much for staying with us. has the leadership of the eurozone effectively been handed to paris and berlin? as those two nations forge policies little or no input from weaker members of the currency union. those certainly were some of the concerns on the eurozone periphery as german chancellor angela merkel and french president nicolas sarkozy met for talks here in berlin. but others are applauding the deal, strong leadership is essential to end the eurozone debt crisis, especially with bond market's excess -- injecting ever higher rates for a debt-ridden countries. as they draw closer politically, the two have been subject to increasing scrutiny and some lampooning as well. ♪ >> madam merkel -- [speaking foreign language] >> [speaking foreign language] >> only two of the high tablelen the roles of the diluted old lady in her darkened butler in an internet spoof of one of germany's f

we'll discuss with forex strategist mark chandler and as merkel meets with monty to talk euro zone debt crisis and guess who is reportedly not suffering from italy's economic crisis the mob an anti-crime group s.o.s. in praise that reports with sixty five billion euros in liquidity the mafia is italy's number one bank this as monti for his own part is saying hey markets need to recognize italy's reforms will talk about who will come out on top let's get to today's capital account. another day what can i say another slew of news and calls from leaders for economic solutions to economic problems the eurozone crisis continues today merkel and monti met merkel was praising italy's reforms monti saying hey yeah but it's important that markets recognize the progress of course we see the power of the bond market still with italy facing deals of around seven percent for their ten year bonds that's of course the seven percent marker broadly seen as unsustainable now the u.s. for its part continues to see economic struggles you know the list debt larger than g.d.p. slow growth joblessness today in a spe

it also projects hard times for job seekers. >> have a very rapid solution to the euro debt crisis. we could see an improvement of about one million in terms of a reduction in unemployment versus our baseline forecast. if the situation deteriorates further, we could see global unemployment rise above $204 million by the end of the year. >> the document warns the jobless rate among young people was especially high at 12.7%. it noted that many youth only have temporary jobs. the ilo calls for a concerted global efforts to contain europe's debt problems to help improve employment debt conditions worldwide. we have weather up next. >> welcome back. rest start off with asia. in japan the western seaboard is look for a wintry pattern to persist. that's going to be stagger accumulation of snowfall in some regions especially in the next 24 hours we're expecting about 80 sent meres. also upper cold air is just here in the southwestern area and we could expect even there in the next 24 to , 20 centimeters of snowfall to be accumulating. that's in the next 24 hours in the western half of japan

i spoke to them then and there are many of the same concerns that we hear in the news about the debt crisis all the time they're valid very well informed they're concerned about debt they're concerned about the current currency system that we're living in and these are all of the issues that they have they don't think that it's fair that they should be decided or discussed solving them without the input of some of the people that they in fact. put it away frankly i want to report some other than me to laura list of things very much for just a little our audience as well the movie for sure tucker in the u.s. economy and politics show capital account on air on this channel in five minutes time some of the we're now up to twenty five minutes past the. full of money in his money to drink trees with the latest business for you. there frankly kevin thank you so much not a muslim is in the short supply in this was turn of devils though it's the fate of the euro that's weighing heavy on stone minds that the coming form the main theme may be how to create a very world before many in the more pressin

the downgrade for friends would torpedo the region's efforts to stem the current debt crisis.ever, it was not all good news. several other european countries, including italy, were warned that their credit ratings could be downgraded by the end of this month unless they continue to pursue reforms. and to restore economic growth. spain, belgium, ireland, and slovenia, as well as cyprus, all remain on a negative watch. european markets did rally tuesday as investors were given some cause for cautious optimism our correspondent sent us this summary of tuesday's trading action from the frankfurt stock exchange. >> little optimism concerning the debt crisis entered the floor again. the rating agency, fitch, announced to france that they may probably keep its aaa rating. also, austria and germany will remain a aaa. this has been very good news there that investors heard here. and it felt great rief, the dax s been jumping up by nearly 2%. on the software shares went down sharply. germany's second-biggest software maker announced that the company missed its target for last year. soft

me here pm the leaders are meeting on monday to discuss a long term plan to tackle the region's debt crisis some analysts say it's the massive debts write down for greece that could put the eurozone back on its feet peter weston from out on believes that the markets have already priced in the jitters likely to higher. well everybody's going to await a sort of decision or some some kind of agreement between greece and its creditors that's going to be the key event as to some extent it was last week. again but with the last week was that any delay negative news didn't really impact the markets i think we are in a very positive backdrop for russia in general we do have low valuation we do have the under-performance of russia if people are adding to risk the emerging market should do well and in that context russia should be having possibly more support in other markets russia central bank injected around six hundred million dollars in early january into the market to support the ruble the heads of the other bank alexiou kind of says that it keeps the ruble within a floating band and intervenes

fiscal compact will be reached with tighter fiscal discipline in that this will really help the debt crisis that the euro zone is dealing with they also said that greek bond holders will come to an agreement on haircuts for greek debt by this weekend to hopefully presumably avoid default which is definitely not a certain thing at all and that d.-day for greece is march twentieth after that optimism which was kind of the headline coming out of that we hasn't seen fitch the credit ratings agency downgrade five e.u. nations this includes italy and spain which are two of the economies that are very much of the biggest concern when you're talking about the eurozone debt crisis because they are much larger economies than greece they're both dealing with problems of their debt and of the funding of their debt which we've seen a lot of discussion here at davos over what is the best way to deal with we know george soros has his own plan i don't know if european union leaders are calling him now to take another look at it after these downgrades that something will have to watch for today. the chief e

the economies that are very much of the biggest concern when you're talking about the eurozone debt crisis because they are much larger economies than greece they're both dealing with problems of their debt and of the funding of their debt which we've seen a lot of discussion here at davos over what is the best way to deal with we know george soros has his own plan i don't know if european union leaders are calling him now to take another look at it after these downgrades that something will have to watch for today. a correspondent for the british newspaper the independent believes greece has already succumbed to default in reality. i don't think you have to be a whiz at math to figure out that is not just the indebtedness of some countries of birth but also the euro oh the common currency is a single currency for an area where some countries need a devaluation i don't know whether technically greece is going to be in default or not but if you're repaying thirty or forty cents in the euro for your debt and the write down is going to something like that could be for you to say forty if you'

team european leaders are meeting on monday to discuss the long term plan to tackle the region's debt crisis some analysts say it's a massive debt write down for greece that could put the eurozone back on its feet but a western from out on believes that the markets have already priced in the jitters likely to edge higher. well everybody's going to await the sort of decision or some some kind of agreement between greece and its creditors just going to be the key event to some extent it was last week. again what we saw last week was that any delay negative news didn't really impact the markets i think we are in a very positive backdrop for russia in general we do have low valuation we do have the under-performance of russia if people are adding to risk the emerging market should do well and in the context russia should be having more support than other mortgage. all is dropping for the fourth day new york investors speculate that even against iranian oil may take effect in six months despite that red line to staying afloat and it's been almost a quarter of a dollar per barrel for sound and now

but the eurozone debt crisis has made matters worse. is causing problems, particularly in the year rose done, but beyond that. >> slower worldwide growth will have repercussions for the german economy. >> german exports will be hit by the global economic slowdown. first and foremost, it is the year of crisis that is acting as as we export 60% of our goods to foreign countries. >> and domestic demand is said to decline. experts say that is because most germans do not believe the eurozone debt crisis will not -- will be resolved anytime soon. >> and a big rally in at the beginning of the week followed by a dip today. we have more from frankfurt. >> the auction of new german government bonds was not 100% convincing. yes, demand outstripped supply, but by a relatively small amount. it looks like confidence is slowly returning. this also has to do with unicredit. the bank offered shareholders dividends to take part in a capital increase. shares of unicredit lost 14% on wednesday. people here are bracing to hear more negative news like this i

sees a sign of a let up in the debt crisis you know these are kind of the p.r. optics that we see also merkel last week was congratulating monti the prime minister of italy on the reforms that he passed through but i'm just curious average attalia is how did they see the debt crisis and whether it's making progress or not. of the energy in these very concerned and what is interesting use of the in spite of the very tough measures that could move the government as are already powers. the support through the years the pope who supported his remains very high this is extraordinary considering that he has cut pensions is raised taxes is receiving the gasoline price which is very sensitive and yet the whole the survey's sees that the things are still favorable for large majority supports and why you know i think this is this go there and has assigned the people. this is a sign that people. are aware of the seriousness of the crisis i see gary is saying that you think that that's a sign but i'm curious why you think there is such that port when i see other opinion pol

i was talking about the third world debt crisis and these debt campaigned as an activist. something that the effects of structural adjustment policies inflicted by the imf and some examples in madagascar's they cut the budget radically to pay citibank and other banks with approved interest rates and got rid of their eradication program which kept mosquitos away from the highlands and there was an epidemic in which 10,000 people died. the reaction was terrible. surely you are not saying they couldn't pay the debt at all. i thought about it and said this is a rather liberal lawyer that i was talking to. what other thing would cause someone to say it is sad about that -- you have to pay the debt. default? what other circumstances would someone approve of the death of 5,000 babies? something about that has absolute moral hold over us. that is what i was trying to address. where does that come from? it is a promise by a certain type of promise. it is a promise that has been corrupted in a certain sense by mathematics and ultimately by violence. you can return a promise which is

however, concerns over the european debt crisis do remain. some investors expect that the credit ratings for each euro zone nation may be downgraded. uncertainties remain into whether expansion will be enough to curb market jitters. >>> the eu is ruling hungary about penalties for concerns that a widening rift could cast a shadow of the country's financial aid. hungary is moving to centralize policy making authority to the government. at the end of last month it passed legislation that will remove the power from the central bank to a point its deputy governor. the european commission has expressed concerns that the country's move will violate eu laws which uphold the independence of a central bank from its government. >> so we will use all our powers to make sure that hungary complies with the principles and the values and the rules of the european union, and i'm confident that we will achieve that. >> eu policymakers are to decide on what actions it will take by tuesday of next week. >>> tokyo share prices are rising on friday morning. conce

the three big ratings agencies have come under fire for their role in the eurozone debt crisis. their verdict on the country's creditworthiness can make or bake -- make or break a nation. europe is looking for ways to curb the agency's power. >> fitch, movies, and standard and poor's in u.s. appear to have a big influence over global finance. any company they downgrade usually sees a drop in share prices. >> they are there to make profits. they have economic interests. they have political philosophies. so it is necessary that we provide a countermeasure. more competition here in europe. that will be a large, competitive, and independent europe-based ratings agency. >> alternatives to rating agencies are under discussion at the world economic forum in davos. they are contemplating a european rating agency that could be more transparent in comparison to the u.s. >> it would be independent in terms of ownership because shares would be controlled by a foundation, and it would not be dependent on the company's it is reading as customers. >> business leaders are discussing the viabili

traders said that this might be the turning point in this debt crisis. definitely they are saying is easier for states like spain and italy to get fresh new money. the dax went up because of the news that came in here, but at the end of the session, its is

i was talking about the third world debt crisis and how i'd been involved in these drop the debt campaigns as an activist around the year 2000. talking about the effects of structural adjustment policies inflicted by the imf. gave some examples that in madagascar they were forced to cut the budget radically to pay banks at approved interest rates, and as a result they had to get rid of their malaria eradication program. as a result, there was an epidemic in which 10,000 people died. and, you know, the reaction was, that's terrible, but, you know, they borrowed the money. surely you're not saying they shouldn't pay the debt at all. and i thought about it, and this was a rather liberal lawyer, activist lawyer, actually, who i was talking to. what other thing would cause someone to say, wow, you know, it's really sad about all those dead babies, but, you know, of course you have to pay the debts, my -- i mean, come on, default? and, you know, what other circumstance would someone like that actually approve of the death of 5,000 babies? something about debt has this absolute moral hold over us

as a ratings agency standard and poor's dina's the euro zone increasingly unfit to deal with its debt crisis and. since denise's president ben ali was ousted the new islamist leaders are accused of ignoring the real issues of poverty and unemployment in favor of spreading every article religious agenda. as the headlines up next saucy martian entries delves into russian culture and. hello good to see you again as we continue our exploration of the italian capital now russian culture has made its impact in many corners of the world and rome is no exception so in this week's program we'll be exploring a various russian it's early and connections will be meeting experts ex-pats will prove my theory russia is closer than you think. standing in front of the ilford to be on a monument you would get a sense of how grounds the italian capital is rich in history culture and style drawn to many cities around the world the bostitch history intense music scene autistic treasures and all round appeal london athens moscow the russian capital is often called the rome of the comparison is mostly religious co

we'll have more on europe and its debt crisis in a moment. first. here's how u.s. markets played out: the dow fell 74 points, but the nasdaq rose 11. the s&p 500 was down two points. the blue chips posted their first weekly net loss of the year with the dow down four of the past five session, falling a half percent on the week. the nasdaq managed to post a net weekly gain, rising just over 1%. the s&p 500 had one big rally this week and that was enough for it to finish a fraction higher tonight compared to a week ago. >> susie: the outlook for europe's economy and how to resolve its debt crisis is topic "a" in davos this week, where c.e.o.s, heads of states and billionaires are meeting at the swiss resort for the annual world economic forum. also attending, u.s. treasury secretary timothy geithner who urged european leaders today to put more cash in their bailout funds. joining us now to talk more about that and the other headlines coming out of davos, scott macdonald head of economic research at m.c. asset management holdings. >> i want that experience >> busy day

is ongoing debt crisis the turnout however just forty four percent pointed to apathy among many towards the issue of the build up to a friend and was marred by clashes as anti e.u. protesters staged staged demonstrations right up to the vote as artist on boxing reports opposition to joining the european union is not likely to end here. violent scenes in the croatia but it's the country's referendum that said to. me. to be. the protesters away they take protest is the way the situation in. the croatian capital and fighting has been going on. police are going to take people away in vans in protest is trying to stop. these protesters say the government is trying to suppress the dissenting voices they are joining with surrender croatia's independence to brussels. but in another street nearby the foreign. minister is trying to convince people that accession is vital to the craft economy actually with the stability that scale can wait it into the credit rating of gracious. that is translated into membership of the european union gracious budget would be in serious trouble everywhere you turn

leaders of france and germany pledged to boost growth and give more power to brussels to stem the debt crisis with tough new fiscal rules but critics say when it comes to watching the pennies the e.u. itself sets a bad example. about whether or not the some of the main news stories when about fifty minutes from now in the meantime two thousand and eleven saw revolution fever sweep through the arab world toppling regimes and sometimes bringing even more discontent and frustration when next he meets with author and scholar jean shop to ask whether nonviolent revolution is actually a possibility and whether outside military intervention can ever bring peaceful democracy. i'm sitting down with gene sharp his book from dictatorship to democracy is seen by many as a guide on how to carry out a revolution through nonviolent means it's often referred to as the bible of calo gravel oceans dr sharp looking at how revolutions and fall in the arab world do you see it as transition from dictatorship to democracy. in the streets is. the sense of bringing down the old system the old it's or the system and i

is ongoing debt crisis that turned out however just forty four percent point is to apathy among many towards the issue the build up to the referendum was marred by clashes and t.e.u. protesters staged demonstrations right up to the vote and authorities told reports opposition to joining the european union isn't likely to end. violent scenes in the croatian capital it's the country's e.u. referendum that said to. me. this to be behind me the police turn to the protesters away and see protest his way the situation immensely tense here in the creation capital and fighting has been going on well now police are going to take people away in vans in protest is trying to stop. these anti protesters say the government is trying to suppress the dissenting voices they are joining with surrender croatia's independence to brussels. but in another street nearby the foreign minister is trying to convince people to session is vital to the current economy. stability. to the credit rating of creation. that is translated into membership of the. gracious budget would be in serious trouble. everywhere yo

greece's debt crisis is affecting us here in the states.thh impact the overseas market is having on thetock m. market.and starbucks expands globally.where the coffee &pgiant is opening it's latest stores. 3 a major travel company is lowering financial expectations afttr the costa cruise disaster.plus, as elizabeth corridan reports... starbucks is expanding its global reach. reach. --reporter pkg-as follows -- anxiety over the reek debt crisis and overall economic uncertaiity in europe dragged u-s stocks lower monday.the 12, 653.the nasdaq and the s t and p 500 also finished in the red.carnival corp is reversing course.in the wake of this month's costa cruise accident ii italy, the company is preparing its investors for a loss.carnival - parent company of costa and nine other major cruise brands- is anticipating range f 375 to 395 million dollars.in addition to losses from the accident, carnival also reports cruise bookings are declining.the company's stock is down 7-percent since the crash.you will soon be able to get your latte fix in india.starbuckssannounced monday it is teaming up w

tells business r t how the country is preparing for possible worsening scenarios in the european debt crisis the details do indeed twenty. nine am in the russian capital euro with r.t.i. marina joshie well the international pressure mounting on syria's president is reading fresh sanctions against the regime russia says it will block any u.n. security council move to authorize military intervention in the country seeing dialogue is the only way out of the ongoing violence the syrian government and the opposition remain in longer hands as time runs out for many in the country r.t. sara first reports. but how do you stop a fraction country from falling apart a country where some cities now resemble a was where the economy's on its knees and what children being shot dead on the streets. it's a question everybody's desperately trying to find an answer to right now nobody knows what's going to happen some are calling for military intervention others calling for dialogue this it in case is not isolated. and i mention i mention the west and i mentioned the russian don't mention. everybody has its ow

the sovereign debt crisis in europe the challenges that japan has had getting its economy back on track after two decades following their own credit bubble collapse is that the dollar and treasuries remain the reserve asset class whenever the debt crisis begins to spike again in is when we hear greece or a couple weeks ago as in p. downgraded nine different. nine economy is in europe. people. treasuries i think as well because historically treasuries have been the safety trade and the safest place to put your money gold has played a role certainly since one nine hundred ninety nine when we begin recommending it was two fifty three now it's hovering around sixteen hundred it has had a good run but in the financial markets the paper asset that is represented by the us treasury still maintains its flight to safety status and to my mind that just in bold ins. mr geithner and mr bernanke even more because they believe that that that status will be maintained regardless of what happens even if congress can't get its act together and balance the budget the the treasuries and the dollar have as

all ballots counted two thirds of voters expressed a desire to join the blog despite the ongoing debt crisis the turnout however just forty four percent pointed to apathy among many towards the issues the build up to the referendum was marred by clashes sent a e.u. protester staged demonstrations right up to the vote as archie's dumbarton records opposition to joining the communion isn't like it's likely to end here. violent scenes in the croatian property it's the country's easy referendum but such a. risk to be made behind me the police turn to the protesters in ways they take and see protest his way six ways to miss the tense here in the creation capital pointing has been going believe her it's well now police want to take people away in advance of protest is trying to stop the border we're going to. let. these empty testers say the government is trying to suppress that just simply we says they are joining with surrender the way she is independence to brussels. yes i believe that in another street nearby the foreign minister is trying to convince people that accession is vital to the curr