. >> let us talk about chancellor angela marco. is your position being strengthened or weakened? >> this decision went in her favor. this is what she was looking for. i think this is a bruising week for the chancellor. she felt her policy had been endorsed, if anything, by the court. the opposition leaders were queuing up to the opposite point of view, saying that the government has failed to inform the parliament as it has changed tack so many times in recent months. it has been impossible for people to keep up. the other thing is how many rebels within the government ranks are being encouraged to vote against the new powers for the european financial stability facility. a vote on that coming up later this month. if many rebels to vote against the government, the will of course tarnish the image of chancellor merkle. >> that decision does not mean it will be easier for europe, does it? >> certainly not. what this does is introduce more politics, more party politicking, into this decision making process. it will incur -- euro skeptics. it could unsettle the markets. they want to

one of her past public appearances was during angela marco's visit to kenya in july. she will be remembered as an environmental crusader and visionary. >> in debt is up next. stick around. >> welcome back. these are interesting times in north africa and the middle east. winds of change sweeping the region. three authoritarian regimes have been toppled, and protests continued in several countries. the people of morocco are also hoping demonstrations will bring change to their country. the king responded swiftly once the discontent of the moroccan people became evident. he promised modest reforms and elections, but still has full control of the army and the right to dissolve parliament. he also has the final say on religious issues and most aspects of the justice system. we take a look at morocco's chances for change. >> morocco is a mixture of tradition and a madonna the. the country has long been regarded as politically stable. it is a constitutional monarchy ruled by king mohammed the sixth. he came to the throne in 1999. his late father is remembered as a tyrant. mo

angela marco has simply said we need more europe. nothing more than that. nothing much going on. there have been four meetings of finance ministers this week. there is a growing feeling it is now ok to talk about the possibility of greek default, that it is not a stupid idea. but there is hope that greece will see the light and impose the austerity measures it has promised. >> all of this is also having an effect on the euro. >> it has definitely been struggling. the euro has lost 9 cents against the dollar in the last two weeks. the dramatic downward slide came to a halt monday. the new trading week on equity markets started with a dramatic drop. new fears about gris triggered a sharp sell-off. europe's banks led the way lower. >> more sell-off in frankfurt, where for the first time in over two years, the dax briefly dropped below 5000 points. the european central bank chief tried to calm the markets. >> we do not see a recession in the cards, not at all. but we see a slowing down in comparison with what had been observed in the recent time. >> some analysts are demanding a radi

again came down the road france and marco have been saying germany and angela angela merkel i was talking about how they want to wait until at least twenty thirteen when the european stability. mechanism is in place so they have some sort of institutional framework to go with with a bailout so i think that eventually greece will default but i think that it's likely to happen on october seventeenth they're not addressing they're not creating a scenario where greece or greeks can say ok in five years and seven years whatever we have a viable plan to exit this this large that burden and go back into growth because right now the greek economy is in a collapse mode so there's no way they can service this that a lot of the american banks one of the other side of these derivative deals so they were ensuring that there was on the books the books of european banks so that in the event of a default the european bank would yeah they would they would lose out on their bonds but then they would go to the american back and say give us the money because you wrote the insurance so the u.s. back should be