and eu it has to pay up to a 20% tariff.n contrast thanks to the fta there is no tariff on exports from south korea. >> we are gting offers from prominent overseas brands and buyers. we want to make, made in korea products more competitive. and better known in the global market. we are confident. >> the south korean government has been laying out various policies to increase the number of u-turn industries. this is one example. here companies are hoping to make the u-turn are receiving consultations. a consultation center provide a variety of information to companies planning to come back. they range from how to close down overseas facilities to where to relocate them in south korea. those firms can receive various tax breaks, if they decide to set up plants intert the countr. >> we asked for their advice on u-turn. we will examine things carefully including price competition. in february the government conducted a survey on 240 manufacturers that had advanced overseas and 30 were planning to return. >> the south korea gover

a sad truth that the eu is determined to change. strict fishing quotas are in place and are in force. germany, for instance, has had its quota/for the year. but there is some good news. for years, car was categorized as hopelessly overfish, and now, stocks are growing. >> for the german coast guard, it is often a game of cat and mouse on the baltic. >> yes, good day. i have a question -- what is the time for them to take up the nets? >> harold schmidt wants to inspect the polish fishing boat's catch, but language is a barrier. >> ok, about 8:00. >> he hopes to go board at 8:00 in the morning, but it does not work out. >> we cannot. we have called it off because he has made it into danish waters. >> but his next target is already in sight, and this one will not get away. the fisheries inspectors do two or three inspections a day, day after day, months at a time. they want to check that the mesh of the fishing nets is not to find that the fisherman are correctly recording what they catch. this time, it is a german boat. the boat's cre

wen said the eu needs to do more to implement measures already agreed. later, the european council president praised the eu's longstanding relationship with china. that was something that brought a smile to wen jiabao's face. >> china confirmed its commitment to buy bonds from the eurozone. nevertheless, conditions on countries remain unclear. >> our correspondent has been following the summit for us. >> we ask about the agenda focusing on trade and commerce suddenly being overshadowed by beijing's frank comments. >> it has been a strange day. as you said, it started off with backslapping over the growth of the china-eu trade arrangement over the last 10 years. bilateral trade levels have quadrupled. there was praise from the e use side for china and praise from china for the east side, but then, as has already been made clear, suddenly, the chinese decided to get a bit negative and the live transmission was turned off. diplomatically, the eu said he was getting into the substance of the negotiation, but it was the chinese who insisted on that happening.

but other eu countries could participate as well. in total, around 6000 banks and national monitoring groups would be involved. >> the tasks of the european central bank in cooperation with national supervisory authorities would be to oversee financial stability, to ensure that banks in the eurozone are financially sound and stable and viable and will not run into trouble and need taxpayer money for a bailout. >> but there are critics of the new system. the german finance minister has expressed his skepticism, and he has backers in the eu parliament. >> we need a strong european body inspecting multinational banks that prop up national finance systems, but we do not need massive bureaucracies that count every penny all the way down to every corner bank and credit union. >> the eu commission is pushing for the new regulations, despite criticism from germany. >> friday wraps up the last day of the non-alliance summit in iran. the country wanted the meeting to strengthen its influence in the region, but instead, it is coming under incre

parliamentarians have been indicted and seven convicted on corruption charges -- more than any other eu nation. the country's judiciary became nominally independent from its executive. a power struggle at the top of romanian politics is all about that. i think -- >> i think we won some credibility in the last years. now, all the -- that is gone. now, we are back in the 2004, 2005 era. our credibility, our courage to investigate politicians, and i'm afraid about our future. now, i think that the independent judiciary is a big mistake. >> the supreme court lays part of the blame with romania's new justice minister, appointed by the center-left governing coalition, which has its sights set on reclaiming control over the judiciary. the governments as public prosecutors have been biased in their investigations against members of the social liberal alliance. >> i believe that the justice system has not been thoroughly the politicized, although people have been demanding that for quite some time now. it is still a challenge to instill citizens with trust in the institutions and people working

so the flip side, what about eu investment in chinese companies. and that's who are difficult to s see. half thought the regulation would deteriorate over the next two years. all these things likely to be discussed take in addition to the solar panel, too. there isn't going to be a presser. certainly going to be raise questions about beijing's ability to restrict press access. back to you. >> coming back to the point about financial flows in to europe, the importance of which especially as we look at still struggling peripheral bond markets, does it help explain why the eu has brushed these potential trade filings under a rug? >> eu officials would always say there's no political motivation for these kind of decisions. but certainly have to question it given china's ultimate calling card of $3 trillion of foreign exchange reserves. it's an open question. >> julia chatterley following that for us. thanks very much. >>> smartphones are the future for everything. and for video games if the trend seen at the tokyo game show 2012 at least is anything to

transition to democracy, b none of these works explains how within just a few months, this fledgling eu nation could descend into the greatest political crisis in more than 20 years. this taxi driver knows bucharest well. we went with him to look for answers. >> here, one party of villains follows another. when a new party takes power, you can hardly tell the difference. the people of romania are being taken for a ride by those in power again. romania is one of the most corrupt countries in the european union. this is where most of the crooks work, says gm bonnie -- parliament. i just five years, for parliamentarians have been indicted and seven convicted on corruption charges -- more than any other eu nation. the country's judiciary became nominally independent from its executive. a power struggle at the top of romanian politics is all about that. ihink -- >> i think we won some credibility in the last years. now, all the -- that is gone. now, we are back in the 2004, 2005 era. our credibility, our courage to investigate politicians, and i'm afraid about our future. now, i think that t

pro propague pror latinoamÉrica. >>> en cntuanto a meÉxico, udsted di dice que es fundamenral tal que eunmigraciÓn y narcotrÁfico, klcuÁl es su vis visiÓn. >>> pienso que pararte del prob de las drgogas no solamente es eul cu cumplimiento de la ley, que es i importante, pero tambiÉn tes el es el se es esfuerzo para comabatir las drs doctores, doctrgs drogas, las drgogas qseue se produc producen pror dtodo el mudnndo es p para satisfacer demdanda s acÁ . >>> esplcmecialmente aquÍ. >>> tambiÉn tjrrabajar para evitra que se produzcan drgogas, el tr trabajo es llevar el mercado eo a nstuestro puye deeblo de cu'anbacamarones mauan malo es u usar drgsogas, tcentonces si los jnÓv jÓvenes entiendoen esto tnmenemos un impacto del uso cde las drgog drogas en el paiÍs. >>> lao oprtc foperaciÓn dfederal rapiÁpido y furioso, miles de armas mandad mandadas a mÉxico sin poder rast rastraeeaearlas, el gobierno de mex mÉxico dice que mÁs del 79 0 $ de% de las rmaarmas confiscadas vienen de eustados unidos . >>> bnoueno, esto fue un desastre un escnÁndalo y no sabemos jnoven sabkquiÉn sabÍa sobre eso, en

if you've put the bigger contributors on the budget, surely the eu -- >> the fact eu broadly has a aaa rating, what does that even mean? >> means they have a broader aaa rating. >> with a negative outlook. luxembourg was put on negative rating due to the fallout but the finance minister said the downgrade was no reason to abandon the single currency. >> i think it's in our interest to help others to help ourselves. something true tore luxembourg, true for germany. we're not just doing this out of solidarity but we're also doing it to stabilize our financial institutions and, thereby, our economies. therefore, in the short term, taxpayers might be tired, may not understand everything because they don't see it in the short term, but in the long term, it's worth while fighting for a common currency area, even if that might be a currency area that changes a little bit. >> mario draghi has given details of his bond buying plan. he's reported to have said buying bonds of one, two, three year maturities would not breach eu rules of directly financing governors. john sylvia is still with us. d

agricultural ministers gave a cautious reply. -- the eu agricultural ministers gave a cautious reply. although the issue was not on the agricultural -- not on the agenda, it has once again highlighted differences over how the eu deals with the cultivation and import of fm crops. -- gm crops. some countries want to reopen the debate. >> it must be possible for a nation or government to say we do not want genetically- modified ackermann to because our people do not want it. this study -- genetically- modified agriculture because our people do not want it. >> the corn can be imported as food ingredients, yet another example of how complicated this debate has become. >> portugal's government says it is considering new income tax increases to meet debt reduction targets. the new proposal follows serious resistance to an earlier proposal to raise workers' social security compensation -- contributions while raising taxes. >> they shattered the broad consensus around austerity measures enacted in return for last year's bailout. >> the portuguese price -- the portuguese prime minister met with

so this could be part of the solution, and then eu can do what it sees is wise to do. they must find a sustainable way to make sure that europe will last. >> just minutes away from the european central bank's policy meeting, the prime minister said that the bank was moving in the right direction, but he warned that we cannot rely solely on ecb support. >> it's been really reliable partner during the crisis, and they have done a good job. i hope that there is not overlapping expectations, because the central bank of europe cannot devise new things every week. draghi has said what he said earlier, and they behaved accordingly. no need to expect too much every week. >>> foreign and trade ministers at the asia-pacific economic cooperation forum are preparing to begin their second day of talks the russia's far east sfe. they're trying to reach a deal on cutting tariffs in pacific rim economies. the ministers from the 21 economies discussed how to respond to the rising prior of agriculture products on wednesday. they agreed to eliminate protection measures or resort to expor

britain and nations oppose a tax on financial transactions within the eu. those who want the levy say it will strengthen fiscal health. the two-day summit a bid to break the impasse. it will start in november 22nd in brussels and other eu summits will continue as planned through october and december. but with the focus on the region's debt crisis they will leave no room for other discussions. fresh or frozen many gourmets say that's what separates a fine dining experience from a soggy tv meal. a small japanese company is ready to send the question itself the way of the ice age. >> reporter: this high-end sushi restaurant in tokyo serves extremely good tuna. it's frozen, but you'd never guess. these are the advanced freezers which preserve the fishes' freshness. the secret is magnetic waves, food is constantly vibrating so that ice crystals do not form. this water is below freezing. it's in a state known as super cooled. it turns to ice at the slightest change in conditions. this is the key to freshness. these two sardines have been frozen and thawed. the su

germany is only slightly above the eu average at 16%. italy, where women account for 6% of executives, was up the bottom of the table. german companies have been slow to accept greater gender balance at the executive level. among private employers, 30% of managers are women, up from 21% a decade ago. if the earnings lagged 20% behind those of their male counterparts. >> in just a moment, we will have some action from the pair olympics. first, a brief look at other stories making the news. >> lufthansa cabin crew gearing up for a second round of strikes. they won the airline to stop outsourcing cabin staff. >> a dutch court has sentenced a 15-year-old boy to the maximum one year in juvenile detention for stabbing a girl to death. he will have to spend two years in a psychiatric facility. it has been dubbed "the facebook murder." two people arranged for killing on the social networking site. >> the former editor of "news of the world" is appearing in court conspiring to illegally hacked sell funds and spy on private conversations. there ha

>> economically, europe is moving ahead at different speeds with some countries in the north of the eu fairing quite well and others, mainly in the south of the continent, facing a severe crisis. stability programs rely foremost on german funding. >> we need to be patient and wait to see how effective the esm is before we talk about pumping more funds into it. >> the ecb president wants to go further. he tried to reassure german industrial leaders over his plans to buy of eurozone government debt. >> i too will help stabilize conditions in other markets, such as those for corporate and bank bonds. we look at the credit flows -- that is the most important objective of our policy action. >> german politicians say they would have liked to have heard more about the ecb strategy as well. draghi is set to address them on his plans to buy eurozone debt very soon. >> all right, let's find out more about what mario draghi has been saying here in berlin. for that, you're so joined by our correspondent. thanks for being with us. as we saw there in the report, draghi defended the approach to busin

narrator: in addition to infrastructure and job training, the eu funded universities.robably 30,000 young people here between the ages of 18 and 21 engaging in some form of higher education. all of these things have grown up in the last ten years, and what that produces is this, again, another element of the new liverpool image. the kind of... the cachet of the lively city-- the place to come if you are 18 to 21 or 21 to 25. narrator: to make his point about the new demographic, lloyd suggested that some swedish geographers go visit the downtown matthew street district on a saturday night-- the place where the beatles once played. lloyd: they were absolutely amazed. i mean, they would laugh, but i'd say slightly scandalized by the prospect of large numbers. as they saw it, "large numbers of younger women. "it was freezing cold, it was freezing cold "and they were wearing very short skirts and they did not have coats." hello. hi-ya. lloyd: they wandered about feeling, really, as if they were on some other pla ( crowd actively conversing ) they don't wear their coats bec

we're hearing from the eu's junket.up and running, as planned, on january 1st on 2013. eurodollar today. we're now above 129. you can see how we've rallied since the ecb in the middle of august. now getting back towards a 130 target after trading so long between that sort of 118 to 1.22 level. the euro/dollar is being lifted. yields continuing to fall down this morning. bund is a little bit high. we're closing the spread as well. we had a good auction today as well, 12-month tea bills from italy. we saw yields down on that auction for the lowest since march earlier this year. so spanish yields 5.6. an italian tenure did dip just below the 5% level earlier, but certainly squeezing the gap in between two. that's where we stand in terms of reaction. let's get a recap outside that constitutional court. silvia joins us for more. investors seem to be fairly pleased about it. what's your assessment? >> governors of the bank of england telling governments -- maybe i should apply for the job. back on a more serious note. there i

i'm optimistic since the eu granted it last month and we heard european regulators have worked with the fda on a short bowel syndrome. if the guy gets approval it could sell in the second quarter of next year. the second shot on goal, another orphan drug could be approved and launched as soon as the second half of 2014. it treats hyperparathyroidism, a disease where the body doesn't produce enough hormone and can't regulate its calcium or phosphorus levels, something that will leave a devastating level of organ damage. this has two orphan drugs in the pipe api want you to listen what they have to say tomorrow. there is no rush to buy the stock. it already has been said by the time the market opens. everyone will be watching and they'll know it. don't chase if the stock is up.

airlines from complying with the eu law. so we want to know this morning, should europeans be allowed to force global carriers including the u.s. to pay this green carbon tax. can europe force green on the u.s. basically? if you want to join the conversation, e-mail us or tweet us. you can respond to that or anything else you've heard on the program morning. >> theoretically you can because they control the air space, but i'm not sure we'll end up with an airline war. still to come, fear has no plans to close factories of fiat in the countries. they'll keep the carmaker from leaving for better pastures. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair

those comments coming during an informal eu meeting in cyprus. the german foreign minister saying that they're wanting to sanctions in response to the sanctions program. there is growing impatience among eu members over the lack of process after months of negotiations. how to get supplies of medicine and food to the people of syria, that was at the top of the agenda when the new head of the red cross met with the syrian president. >> they describe the talks as positive, but he says he was shocked by what he saw on the ground. >> these images are it should -- are showing fighting in aleppo. they have ousted people from different regions of the city. many are trapped. the world food program says the humanitarian situation is serious. the new president of the red cross met with bashar al-assaad. many people have died because they could not get help. >> now we will have to see if come together, we can come up with concrete steps. >> there are hundreds of thousands of wounded people in desperate need of help, many of them children. aid organizations s

similar cases could happen in other states of the eu. we should look at the situation in our countries. >> one-and-a-half minutes. >> thank you very much, president. russia's joining of the wto will intensify economic ties between russia and the west and the european union in particular. we in the european parliament and in europe and more russian citizens are hoping for something different from the present situation what our expectations when it comes to relations between europe and russia? we have the right to have relations based on more democratic approach. we would like to see more independent rights recognized in russia. aid is interesting the new constraint to freedom that we see it and the freedom of movement of ngos and constraints on who internet activities for the sentencing shows how things are going badly, how the situation is turning sour, and these cases are still unresolved, so it is time to talk about human rights in russia. it is time to analyze the case. >> one minute. >> i should like to focus on two. perhaps i do not

he'll be seeking to boost ties between the eu and china. protectionism has been placed front and center at the summit to properly deal with trade disputes. now markets are still waiting meanwhile for the latest it foreign direct investment figures out of chew in a. worries about a slowdown in the country continue to build. a senior government official vowed it improve policy environment and step up efforts to booth domestic command. so are areas of china overing investors opportunities now? joining us now is head of investor relations for changdu. welcome to the set. you're in town to bring investment opportunities. what kind of interests are you seeing from investors? >> it's slowing down, but if you look at the western part of china, it's still growing quite fast. if you look at chengdu, annual gross of more than 15% per year. so i believe that the western part of china will become a new begi engine. >> there's this move from where china's growth comes from. are you looking now for service company investments rather than manufacturing bas

continuing oppose with financial transactions want eu. those who want the levees say they will strengthen the region he physical health. a two-bay summit is a bit to break the impart. starting on november 22nd in brussells. other summit will plan through november and december. they will leave no room for other discussions. >>> that's all for me from now. will leave with you a recap of the markets. >>> brazilians are enjoying the road to the economic stability and the things they are buying to get them there. car dealers sold more than 3 million new vehicles last year. european and u.s. auto makers were already investing in brazil two decades ago when the nation wasn't politically stable. now japanese producers are trying it find their place in the market. nhk world reports from san paolo. >> it's a weekday morning of this u.s. car dealer on the outskirts of san paolo. but the shop is full of customers. >> alessandro bought a new car last month. for the first time. it cost her $19,000, close to what she and her husband earn in a year. she

instead of the eu breaking apart, they want it to grow closer together -- a more integrated, a political union. >> the crisis has put europe on the spot. revealing flaws in the union and questions about its future stability. what does europe's younger generation make of it all? what does europe mean to them? >> here are some opinions we heard on the streets of madrid, brussels, and berlin. >> ♪ berlin berlin >> europe is my home. it is an opportunity to be part of many different cultures in a single region. >> peace. >> for me, it means a lot. i am a student and i realize that after i'm finished, i can travel in any part of europe by what do. >> i feel more european than german. europe is a good thing. >> we are all in it together. that is not always easy. >> i feel that europe is the most important step spain has taken in a long time. >> a single currency -- >> europe is very important and crucial in the long term. disaster in the short term. >> opportunity, jobs. europe is a very advanced continent. the living standards, in general, are higher than in spain. >> i would like to see the

officials approved an austerity package with spending cuts and fresh tax revenues needed to secure eu-imf loans. the government found nearly 400,000 jobs that went un- reported. each year, the labor department revises employment data. a preliminary revision shows 386,000 more jobs were created in the year ending in march than were reported, which means at least an extra 30,000 jobs were added each month, translating into 133.2 million people working versus 132.8. the .03% job gain is within the standard range of revisions. labor relations observers say the u.s. is seeing a rise in labor disputes leading to public protests and walkouts within the last year-and-a-half. in our cover story, why is labor using these tools, and will it continue? from public employees in wisconsin and chicago to the private sector - at american airlines, caterpiller and nfl referees - labor is sounding off. "...corporate greed has got to go." "in this last year or two, there's been an outbreak of high-profile cases, so many in fact, which may signal the possibility that we'll see additional ones." why is it happ

what do members of the eu think of the program? joining us now, former romanian minister of foreign affairs also of course former french honor allegis winner and you have been involved in politics. let's get the wrong buying program. do you think the ecb should denounce them to have a limited ability to buy short data bonds? >> the ecb has ammunition to avoid a domino effect in the euro zone. probably the news from spain asking for bailing out the central government. the delicate issue in europe. they're arguing in favor of this track. the others that are more reluctant full speed ahead. so very important week for europe. also the german court ruled on a financial package, that is another big? liz: the seventh most popular nation, and while you are a member of the eu, you're not quite in the european zone where you use the euro you want to be. nonetheless, there seems to be so much turmoil and in romania or present almost got impeached. there are major problems there. you wrote an op-ed about how romania has to get its act together

also pursuing the eu. you can see its shares up 19% over the past year.couple of percentage points better than boeing. >> and yahoo!'s new ceo melissa mayer said yahoo! is a company that will excel at giving its services a personal touch. she's outlined these plans at an employee event yesterday. described as very broad, but noted mayer made a point that her number one priority is to make yahoo! become part of a user's everyday routine and shifting the platform to mobile. >>> and the facebook fallout still continues, around 50 lawsuits have now been filed against the social media giant. and the underwriters of the flotation. in addition, securities lawyers representing facebook investors say they expect hundreds of arbitration claims now to be launched against brokers and security firms that also pitched the company shares. the facebook stock is down more than 45% since its ipo on may 18th. >>> now on to the more traditional media front. fall television season is getting into swing in the u.s. there's a lot of drama premieres sto still to come, but so far

looking forward, basically, we have three weeks of meetings that will involve the troika, eu finance ministers, and an eu summit on october 18 before the measures will be brought to the greek parliament to be voted on. >> the european union's permit bailout fund, the esm, has cleared its final hurdle. the german president has signed the bill ratifying the fund. it will become law on october 8. ratification was delayed because of a challenge before the constitutional court, but in its ruling, the court did uphold the fund, but it placed limits on germany's contributions. it also strengthened the right of parliament to receive controversial information on the esm. other eurozone countries have accepted these conditions as well. >> in germany, the job market has been weathering the eurozone crisis relatively well. new numbers show that unemployment dropped in september, down to almost 6.5%. the head of the german employment agency warns that the pace of job creation is slowing. >> let's turn our attention to the day's market action. european shares rebounded thursday, following a steep

what is the sleep is the government in most of the eu member states. that is why she is asked for a crisp and clear analysis. many names that have been mentioned today. i think muslim rights have said quite clearly that this is the quintessence, that they should respect got more than putin. they don't want a pseudo rule of law by grace of putin. and mr. shultz is quite right. the policy of appeasement will end up as an e you really sincere by grace of putin. yes, we have to talk with russia, but not in the way that has been described. we have to speak in a clear language. the european parliament has always taught in plain language on human rights. and we cannot look the other way and talk firmly. >> a blue card for you. are you ready to accept the blue card? >> you don't fix up to? >> oh, yes, he does accept appeared don't you also believe that the success of the clear language of the parliament also leaves something to be desired? we have not been clear enough. we need to work together. we need to develop projects together. we also need to use a clear

one of the bigger parties even said the netherlands should leave the eu altogether. matthew price reports from rotterdam. big exportope's sales the world's biggest container ship. rotterdam is one of the most economically important cities on the continent -- vital for the european union, dependent on it, too. still, we found limits as to how much they want to help europe's most indebted countries. >> the next government, d one and to carry on helping to bail out greece? >> no, because we already paid enough. >> we are a lot of money from europe, and it is not the people in those countries to blame, i think it is the government and the financial companies to blame. >> this water-based nation with a founding member of what eventually became the european union. on the campaign trail, the man to beat, the current prime minister, -- the country is not convinced about what the eu is becoming. not everybody likes his pro- austerity position on saving bureau. under his leadership, the netherlands has been a firm supporter of the gentleman line on austerity first -- public sp

the economies of the eu continue to contract. one key measure - auto sales. the european automobile manufacturers' association says the eu's auto market could shrink by as much as 10% this year. all the numbers look negative. the big one, new car registrations, is down 8.9% in august from a year ago, following a 7.8% drop in july. the forecast is worse than what the association predicted in june. not only is demand dropping, car makers have too much inventory even as some plants are operating at below half capacity. back in the u.s., the ford fusion is forging ahead with its new hybrid next year. the new version has five engine choices and gets 47 miles per gallon in the city and highways. ford has sold over 200,000 fusions in the first eight months of sale. in sales, it goes head-to-head with the toyota camry, honda accord, nissan altima, kia optima, and hyundai sonata. yesterday we showed you the future that technology holds for commuters. the auto tech front also finds new developments to help older drivers drive easier. a big concern for this group is see

companies from merging a decade ago, ge and honeywell were stopped because of the eu, this year the nyse had to break apart their planned merger. is there a competition among international regulators. >> i think among international regulators or anti-trust enforcement agencies there is much more comedy than competition. so much commerce is global now and the lawsithin the european union and the united states have converged considerably over its last few decades. that for the most part, we usually come to the same conclusions on the same mergers. now there might be some differences when the market shares are different. and the economic effects are different in different geographic markets like the eu and the united states. >> one investigation that has been admitted to gooseel continues to be under review by your agency, whether or not it's harmed competition. google has been talking with those european regular laters over competition. how close is your investigation working with the europeans when it comes to the google situation? >> companies that are being scrutinized by any anti-trust

this according to eu economic and monetary affairs commissioner who spoke with ross at the forum about further actions madrid could take. >> certainly baked on the existing current policies and recommendations. but any memorandum would have to be signed would include specific targets within that the framework of those existing recommendations. and also a time line and in that sense it would give strength for the recommendation and policies which the country has itself already agreed. >> do you think ireland and portugal will maybe now activate ecb programs? >> i would not want to speculate on any country making a request to the euro area countries or to the ecb. i can just say that the program is on track. ireland is already returning to the markets. it has seen exports grow and industrial production is growing, as well. and in that sense ireland is turning the corner already now. >> one word about greece. we talk a lot about the euro invest ability of the euro and it seems to me that we cannot afford a greek exit because we still don't know what the impact would be on the likes of spa

that means across the eu 27. germany has to be shown to lead in this. they can't say one rule for everybody else and we're staying out. >> sharon bowles, thank you for joining us, chair of the european parliament economic and monetary affairs committee. we just had news crossing from xstrata after they postponed their meeting for five to ten minutes. the company says it will increase to the merger ratio to 3.05 glencore shares. so, we have -- this is big news. >> you can see the reactions there. >> take a look at the stock price. increased offer now. so, the proposal that's come across suggests this is still in play now, that the offer that's come forward from glencore has been upped for the glassgo to be ceo of the group, glencore to structure the transaction as a takeover offer. kelly, weigh in here because this is the issue, isn't it, this morning as we were watching headlines about these meetings being postponed we knew there was overnight news but we weren't sure if a new deal was cut with qataris or norwegians. it seems they've been working hard t

commission president announce the proposal at the eu parliament on wednesday. he wants to have the proposal take effect by 2014. all commercial banks in the region will be subject to oversight by the -- giving supervisery power be a -- facebook shares have been sliding since it went public in may, falling more than 50% at one point. the company's top executive admitted that falling stock price is disappointing. mark zuckerberg made the comment on wednesday that an event in san francisco, it was his first public appearance since facebook's initial public offering. >> the performance of the stock has obviously been disappointing, and we care about our shareholders. and the commitment that we made is that we're going to execute this mission of making the world more open and connected. >> zuckerberg acknowledged the failure of facebook's -- the share price rose 3.3% on nasdaq on wednesday on news that zuckerberg would speak at the event, but the stock level is still well below it's debut price of $38. >>> people in japan are trying to find closure on an issue that