later, barroso priase -- paised the eu's -- praised the eu's democratic principles. >> it is based on the free consent of states to share sovereignty. >> van rompuy said the states should remember those principles now during the debt crisis. he also expressed pride in being a european in his non-native language of german. not all european leaders were there to share the glory. british prime minister david cameron was notably absent. >> we're joined here in the studio by a political scientist from the european council on foreign relations. i would like to ask you to map out for us the reasons why the you got this very prestigious prize -- the eu is very prestigious prize. >> it is the only institution that managed the transition from several non-democracies to democracy. it is the first revolution in history without blood. i think that is largely worth the nobel prize, not counting the decades before or after 1949. >> some say this award is not justified. what do you say to this criticism? >> i think if we're in a crisis in your opinion now -- the european union now, it should not avoi

and eu dairy farmers also get subsidies.matthias jÖrgensen helped to negotiate the agreement for the eu. >> the trade agreement won't worsen their situation. the products that we want to export to colombia are mainly value-added dairy products like cheese or other high-quality dairy products -- or milk powder that does not directly compete with the production of the fresh milk that is probably consumed in the vicinity of this farm. >> but the colombian farmers say they're already feeling the effects of the agreement. milk prices have already gone down by several cents per liter. the government in bogotÁ is playing down concerns. the deputy trade minister doesn't share the dairy farmers' fears. according to him, the agreement builds bridges between europe and colombia and is a great opportunity for colombian businesses. >> this agreement gives us legal security because it will eliminate protective tariffs for our products. for example for fish, flowers or bananas. >> this is the kind of farm that will supposedly profit from t

a study out today is being called a warning signal for the entire eu. it says that member states need to be far more transparent when it comes to government finances and relations with banks and corporations. >> transparency international's annual index on state sector corruption listed greece as the most corrupt in the eu. >> nordic countries have once again come out on top. the study shows danes, finns, and swedes are unlikely to request bribes or to bribe anyone else. most european union member countries actually did relatively well in the end to corruption index -- the anti- corruption index. germany has improved one notch to number 13. greece is standing has dropped -- greece's standing has dropped. somalia, north korea, and afghanistan are considered to be the most corrupt in the world. the report said, in greece, public confidence in the authorities had dropped significantly. >> there was this list where it emerged that former finance minister christine lagarde, now the imf chief, pastelist to her greek counterpart of people who were evading taxe

eu member nations must approve it first. singapore's politicians must also approve certain domestic procedures. eu officials say paths should open their financial services and insurance markets. european auto exporters will also have a new market to exploit, with singapore agreeing to recognize eu safety standards. negotiations now plan to speed up free trade talks with other nagz su nations such as vietnam and malaysia. the consumer price index for november will come out on tuesday. the cpi in the country rose 2.7% in october from a year earlier. on wednesday, they will release trade numbers for november. they were in the red for the fourth straight month. on the same day, we'll find out if the u.s. housing market continues to recover. the commerce department will release housing starts for november. new housing construction grew for three months in a row through october. the bank of japan will wind up a regular two-day meeting for its panel on thursday. in november the lbj promised to keep monetary policy unchanged. also o

the eu distinguished both for their steadfastness in the face of a harsh regime.it is also a message directed at the powers that be in tehrqan. -- tehran. >> it tells the regime, you are being watched. the victims who we are honoring today are our friends and allies. >> the iranian human rights activist and nobel prize winner thanked the eu in her place, but her words were also critical -- in their place, but her words were also critical. >> international organizations have not helped. >> the filmmaker's daughter was allowed to travel to france, standing with eu leaders to take the prize that her father could not collect himself. >> wednesday is a special day for many couples around the world to have chosen december 12, 2012, as their wedding date. >> 12 pairs of brides and grooms tied the knot at one ceremony in hong kong. for the chinese, the number 12 has another special meaning. it symbolizes unity. 12/12/12 is a pretty easy date to remember, so there is no excuse to forget your anniversary. you are already married. >> i married on friday the 13th. >> also not

the presidents of the eu three main institutions collected their medals. european counsel president, baraso and eu parliament president martin schultz jointly accepted the prize. the prize committee said the 27-nation bloc turned europe from a continent of war into a continent of peace. rampai vowed to strengthen european unity andverce th economic crisis. however, critics say the prize is inappropriate, pointing out that the eu has failed to limit the impact of europe's economic troubles. those same critics are pointing at italy. what does this say about investors? >> it says that investors are selling bonds. that's why the yields are going up. it also implies these same people are getting cautious, incrsing cautious er the country. he says he will resign once the next budget bill is passed. the rates had been easing for about a month. the key index on the milan stock exchange plunged by nearly 4% ending the day with a 2.2% drop. the euro was traded lower against the dollar and the yen. the future of italian politics is now more cloudy. the announcement d

. >> agrees also posed a challenge to the eu finance ministers, who approved a 130 billion you're out -- billion euro bailout -- greece also posed a challenge to the eu finance ministers, who approved a 130 billion euro fail appeared more and more, the focus on firewall plans for 2013, releasing 800 billion euros in october, but that attempt to extinguish the problem came too late for the spanish financial markets. one bank sounded alarm in may. it was nationalized and needed funds to survive. other banks went through similar problems. risk premiums for spain rose until the end of july, so european finance ministers agreed on a new mode of attack -- on july 20, they announced a 100 billion euro bailout to calm spain's blazing financial sector. over the summer, a new idea developed to prevent such disasters in future -- to set up a common bank supervisor in frankfurt. the plan was endorsed just before christmas. >> no one knows what shape it will take, but there's a promise our financial system will become more stable, which is keeping the markets stable today. >> in september, the eur

fra some eu nations also say japan's efforts to open its market have been insufficient. eu helps to plan negotiations if japan fails to improve within one year after they begin talks. as the clock ticks away on the scalliff, we're seeing some signs of concessions between republicans and democrats. president obama and john boehner met again the white house. they are aiming to reach an agreement on tax hikes for the wealthy. the meeting comes after the republicans propose a compromise over the weekend. they reportedly offer to agree to a higher tax rate for the rich but only for those with an annual income of a million dollars or more and that's in the democrats agree to reduce spending on health care and pension. men while democrats continue to demand aax rise for people making at least $250,000 a year. >> an important element of that on the revenue side is allowing current law when it comes to the top 2% to remain in place which see rates on those wealthy americans rise. >> jay carney also said they will continue to negotiate with boehner and other congress members in a

eu amazon pricing battle with apple.suspend most favored nation contracts for five years. plenty more details straight ahead. that's it for today's show. thanks for joining us here on "worldwide exchange." time now for u.s. "squawk box." have a great one. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> good morning. a historic move by the fed. chairman bernanke links a change in interest rates to the unemployment rate. >>> and americans want a deal on the fiscal cliff now. john harwood will be along with those results. >>> and the mysterious john mcafee is back on u.s. soil after being on the run

many analysts say the eu's move had been spented. samsung's withdraw came on the heels of a california judge's refusal to block sales of dozens of samsung's mobile offerings. a u.s. jury back in august said those devices violated apple's numerous apple patents. in a court filing on thursday, apple said it's now asking a u.s. appeal escort to reconsider the lower court's decision to overturn the sales ban. back to you. >> great. sherry, thanks. >>> moody's says the unemployment rate should hit 24% by 2012 in greece. >> i think that it's absolutely clear that part of the fears of the global observers have proved unfounded. i was always convinced that it was unfounded and that the assumption that they could leave the euro area, that they could refuse the adjustment which is necessary were wrong assumptions. and now we see and, of course it's difficult. of course it's hard. the people have to make adjustments. but, again, we are going in the right direction. again, it's very difficult. it goes in the right direction. >> you don't believe

the eu cozy for the agencyhas discovered the boat, but it does not mean they will provide assistance. many vessels are forced to turn around, and many could die. amnesty international criticizes the actions. >> they need to respect human rights more. time and again, people die because they are trying to reach a europe with boats that are not seaworthy. there is no cooperation between the states, but this would also be a task force context, but human rights violations are also taking place within the european union. despite anti-discrimination laws, they have little access to education or public services in several european countries. >> we need more than just words from the e you. brussels can launch proceedings over treaty violations and holds member states to account this way and other areas, but so far, not over discrimination a menorahs. >> amnesty international nevertheless concludes that the you deserves the nobel peace prize for its peace-building policies over the past six decades. >> the very last issue of the financial times coach lynn hit the stands today with a bit of humo

eu foreign ministers will discuss the bloc's reaction at a meeting next week. >> we cross over to our correspondent in jerusalem. should binyamin netanyahu be worried about this diplomatic outrage? >> we do not see much of worrying here. the israeli government does not seem impressed by the diplomatic pressure from the eu and from the u.s. the reaction so far was that there would be no backtracking. according to an official from the prime minister's office, he said there would be no change in the decision that was made. israel argues that they have the right to respond to the move by the palestinians last week at the un. it is quite an unprecedented move for the u.k. and other european states to some and israeli ambassadors to try to -- to summon israeli ambassadors to try to pressure them. it is always easier for them to maneuver around it. i think it will be interesting to see if crime and not -- prime minister erdogan yahoo! will be -- it will be interesting to see what prime minister netanyahu has to say in the coming days. >> what is israel planning to build on? >> this is a very

the eu has been critical of new gas pipelines from russia. the south stream pipeline is meant to carry russian gas through bulgaria to austria and italy, but the u.s. and russia are arguing over the rules to be applied to the new pipeline. >> it is true that some difference remained regarding some aspects of energy relations between europe and russia. >> european demands for russia to separate gas companies and distribution channels have so far had no effect. and the russian leader was not prepared to take the criticism lying down. >> my good friend explained his position at such great length and with such a motion because he has a feeling he is in the wrong. >> the ongoing disputes about energy and trade are taking their toll on the you-russian relations. >> italy's prime minister has resigned. this move paves the way for elections to be held as early as february. mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise.

and eu in terms of anti-drupgs and anti-bribery. so a big blow to the regulators. >> interesting, karl lycarolyn. thanks for that. daniel, i want to get your view on oil majors. >> as always, it will depend on the path of oil prices and if we don't really honestly expect a big appreciation, i think for next year the outlook is particularly more advantageous for oim makers than it would for other natural resource stocks. >> according to the chief economist of the cftc, high frequency traders earn an average of more than $5 every time they go up against traditional investors. for more, head to cnbc.com. you can also get in touch with us worldwide@cnbc.com. now sprint nextel as well is reportedly out of the market for metro pcs. reuters says the company won't make a counter offer for its smaller wireless rifle which is merging with t-mobile. in october, sprint announced japan's soft bank would buy up to a 70% stake to the company. now reports just sprint believes going after metro pcs would complicate the regulator review of the deal.

germany and the eu. germany had highest vacation days eu . they are most productive. >> they make good cars, the germans. >> and the gloth grated is-thirds of our own . once un a time they were a low tax regime and hour were higher. taxes on work you get less of it >> europe has legally man dated vacation . we don't have thatere. >> i hope we are not on the air in france and germany. you are killing these poor people. >> they are killing themselves. look at their numbers. wa you want toave them. >> they e happy except for millionaire necessary france. >> which is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it dve your economy off of the cliff? >> and colleges cashing in. they are collecting more application fe and not letting more students in. >> believe it or not, colleges are enticing more kid toz apply to their schools and admittingaewer students in their schools. they do it to make themselves look more exclusive.

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an austrian city is on track to become the first eu capitals to introduce public transport.ot everybody thinks it will get cars off of the road. >> nobody knows exactly how much pollution will be cut, but the city hall and the mayors say it will be the flagship of the grain movement in europe. not everyone is so enthusiastic. >> of course i think about the environment, but i'm afraid the dozer -- that those that are used to traveling by car will not use the system. >> if the price of fuel was hired, people might not use car s, but people will not use it just because it is free. >> i do not think it really is free, because we are paying taxes. >> three-quarters of voters backed the proposal in a referendum. ho only one-fifth of those eligible took part in the polls. -- only one-fifth of those eligible took part in the poll. the opposition here says this is less about the clean environment, and more about political hot air. the mayor denies he is simply trying to win votes and says the scheme will pay for itself by attracting more business. >> i want it to be the green capital

>> is it eu de pizza hut? >> it's how i just said it, with feeling. >> i thought for a minute my flicker was locked in the cell lockup, but i got it out. >> you like that thing, don't you? you better watch that toy. it's going over toer to's. >> we got to -- topper's house. >> we got to watch the car. >> you will not be taking the car. >> call her. pretend to be the queen. >> hello, the queen, may i borrow your car, please? little tiny car, not the big car. >>> live look outside, about to fire up on the national christmas tree. this is our live weather cam brought to you by michael and son waiting for the lighting. temperatures today only in the 40s. remember tuesday it was 72. well, 42 right now downtown, dew point in the mid-20s. so a pretty dry air mass, although it's going to get a little more moist and some clouds roll. in winds have turned from the south. that's kind of a signal the milder air is on the way. we'll introduce the president right now, the first lady and president obama, about to throw the s

eu, economic, and monthly tear affairs commissioner said consolidation of oversight will be the first step towards a banking union. it will include a framework for bailing out nations with excess debts. he said failure is not an option. last month eu leaders agreed to allow the region central bank to supervise some 6,000 commercial banks in the eurozone. the goal is so set up a framework by the end of the year and launch the new system next year. now let's get a check on markets. tokyo share prices are trading in a narrow range. the nikkei is down 1/4 of a percent at 9,409, a loss of 24 points from tuesday's close. they're sidelining after taking profits if recent gainers at the open. they're refraining from major moves to confirm the next steps in the u.s. budget talks. the obama administration and opposition republicans remain at odds over how to avert the falling off the fiscal cliff. let's take a look at currency markets. the dollar is also little change against the yen as u.s. budget talks continue. dollar/yen is in the upper 81 levels, 81.88 to 90. the euro, that is higher again

eu leaders agreed to reforms to prevent the biggest banks from ever teetering on collapse again. >> rebels on the advanced again. syria's capital shaken by blasts. a senior russian minister admits the assad regime is losing control. >> why one of the world's most famous museums is branching out. >> europe says one watchdog is enough to keep its biggest banks from ever collapsing and threatening the euro again. >> the european union leaders held an agreement that would tend banking supervision away from national governments and park -- would take banking supervision away from national governments. >> if the bank -- does need a bailout, all of europe will help foot the bill. >> the deal came after a prolonged deadlock over the details of the proposal. the german chancellor was full of praise for the outcome. but it's a good sign that the finance ministers agreed on a banking supervisor. it is a big step towards greater confidence and trust in the eurozone. >> countries like france and italy have pat -- have pushed for a speedy resolution. banking supervision paves the way for a direct superv

this was a condition for them to receive further eu funds. finance ministers are set to meet to discuss releasing the bailout funds. british banking giant hsbc has agreed to pay a record $1.9 billion to settle a money- laundering case. investigated by authorities in the united states. >> hsbc was accused of using the u.s. financial system to transfer funds from mexican drug cartels and from countries like iran that had been placed under international sanctions. >> the u.s. government says hsbc invaded these practices. they've have been said to enabled terrorists and others to ensure bent sanctions. despite the hefty amount, this will have them avoid prosecution. this is unlikely to spell doom. >> the company is are dealing with this talking about cost- cutting measures and also stripping assets. as far as the fiscal issues are concerned, it is cover bowl. the reputation may take a little bit more time for them to get that back. >> hsbc is not the only european bank facing european money laundering charges in the united states. ing had to pay

. >> for the eu, the imf, and the european central bank, which have lone cypress billions of years, it is clear the waste and corruption in the country must end -- which have loaned cypress billions of euros. the troika is also calling for more regulation of credit policies. they say the banks lord separate into taking out dodgy loans. >> one of the factors that contributed to this excess of liquidity in the separate banking sector is the attraction of foreign deposits. at this point in time, the total amount of foreign deposits is more than 21 billion euros, more than gdp. >> most of the money came from russian investors. tens of thousands of them have made cypress their second home. in germany's federal intelligence service, a to says most of their accounts contain laundered money. the cypriot government denies that. now the country is hoping newly discovered gas reserves off the coast will help pay back credit from the eu in a relatively short time. the first contract with energy companies have been signed. while billions are being spent to bail out the banks, many indebted families

eu ministers responsible for fisheries say quotas are necessary to protect fish stocks. >> for us, it is about sustainable fishing policy, which is based on the maximum sustainable catch. >> it sounds environmentally friendly, but it results in edible fish being thrown overboard. fisherman dump the unwanted fish that get caught in nets. it does not make much ecological or economic sense. millions of euros are thrown out every year. environmentalists are calling for brussels to enact a throwback band. >> a fisherman has to bring what he catches into port. that would put pressure on the fishing industry because they only want to bring back the valuable kinds. >> in short, throwing good fischbach to see is cheaper than buying new nets like this one. the special design only catches the place. >> it means fishing less foot fishing more sustainably, more intelligently. we are calling on ministers to reduce the quota in line with recommendations. >> what exactly this quarter will look like, which countries will be permitted to catch how much fish will be discussed in brussels until thursday.

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la m ay orÍa de l os eu s tadounidense estadounidenses qu i e n e r e n e r en q ue e l p pb o residentee d ic e qu e el t tan to los republicanos co m o lo s d e m o c s Ócratas m o ichelle obama ten d r d e m o c s Ócratas m o ichelle obama ten d r no te n d r ia ndrÍa n a la s ga nas d e l le gan a a u r a u n a cu er d o . >> que aps ari pas a ria Ía s i e l p h ch residente hugo chavez no ll e ga de sp ue És de su c u ar t a o p er aio n c i on Ón en c u b a ? b u buen o e n el go bierno d ice n que e el p c h h c h residente hugo chavez es t a e en re c u pe rac o n i n on Ón. se e s per a co n tr aro i o a com como se tr a t o a n ter i o r me nt e es a >> a contaraiortioio a como se trarto anteri anterior memente la emnfermeda d ahor ahora el gobierno habla abiertam abiertamente del la condiconesiones del phchresidente hugo chavez. >> la revoclucluciÓn chavista sin c chavezch chavez es inviable. >> y todod s en lee, pal paiÍs se repgtprepregunt preguntanr que pasariÍa si el pchchch presidente hugo chavez falta. >> bueno ashtyahasya eta el 10 de enero to tomaria el poder en vice p

it seems the eu works earn pressure and when the pressure is off, we kind of take it easier. so that's why maybe the skepticism of the madam merkel and the line is justified. >> and we thought it was an unusual move for mario monti to show up with his political throw, berlusconi and the german chancellor merkel were present. a lot of expressions of support for a monti candidacy here. what does this imply? what are people making of this? >> it's one of these things. in all honesty, we thought that the era of berlusconi had been done and dusted and we had opened a new page. but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked well. down with th

the eu was honored for promoting peace and human rights in europe. >> the european project has shown it is possible for people and nations to come together across boarders. >> hundreds of people outraged by the eu being awarded protested. they say they are unfit for the honor. >>> coming up, what gmail is blaming for it is e-mail outage this morning and facebook is going forward with policy changes. and the latest on the condition of nelson mandela who was hospitalized over the weekend. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >>> a lot of gmail users were left in a lunch this morning. google says it was a glob

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market and everyone in the world, i will continue with these reforms and honor the commitments by the eu. we will have a balanced budget in to 13. kelly. >> carolin, back with you later in the program. >>> for now, we're joined by bob parker on set, senior adviser at credit suisse. bob, welcome. >> thank you. >> what do you make of this? is there any way that this is a positive in terms of perhaps opening the door towards mon at the monte serving in some sort of government? >>. >> i am assuming we're going to have a election probably in the second half of january. we're talking about a position of somewhere between 12 and 17% of the vote. so subsequently, i think fears that berlusconi may come back seem to be misplaced. i think if everyone looks at the last year and a half of what the monte government has achieved in italy, you have to be impressed. we have a strong budget climate surplus. the overall budget has come in dramatically. we've had well fare reform, pension reform. there's further work to be done on the competitiveness of italy. >> i can't tell you how much investors have bee

and eu regulators. the euro nyse shares shot up 20%. >> how republicans plan to bring their tax bill to a vote today as tensions over fiscal cliff rise. it's still unclear what the plan b will look like. president obama says he will veto the bill, which has raced tax rates for people making more than $1 million a year. the president says he's puzzled by what's holding up talks and that house republicans should, quote, stop trying to score a point against hem. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deaf sigz reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. she should be proud of it. but they continue to find ways to say no as opposed to saying yes. >> minority leader mitch mcconnell says there's still time to reach a deal by the end of the week. >> dan joins us now. dan, mitch mcconnell says it will happen by the end of the week. what

. >> including the eu address.tay with us. >> if you have never traveled around the country, you have probably climbed on to retrain. >> trains could just about everywhere in the national network has enjoyed competition protection for decades which has ended and long-distance domestic bus services taking into the road. >> the passengers are tired on this bus from frankfurt to berlin, but many welcome the new long distance lines as an alternative to trains. >> it is cheaper, direct, no delays, very punctual. >> there is no bus the hamburger, but that would be good. i have of friends there -- no bus to hamburg. >> i think it's great i can take the bus there. >> they passed the time by playing cards or taking advantage of the free wifi. they have plenty of time and not a lot of money. it is almost like a social events. >> it is just more cozy. >> the company, dein bus of, is showing promise. they're targeting young clientele with quirky videos, but there is a catch. it happens only if enough passengers buy tickets. th

the second period, with the eu is agreeing to is its 20% cut by 2020. they are already well on track to do this. they could do this with their eyes closed. is a business as usual proposition for them. >> samantha smith, thank you for being here. kumi naidoo, executive director of greenpeace international. we will be talking about the results of this climate summit tomorrow. we will be back in a minute. >> this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. as we continue our live broadcast from doha in the gulf emirate of qatar at the conference of parties. the u.s. and from work on climate change. we turn now to find at how young activists here are an acquittal calling for drastic action to stop climate change. they are urging the united states and other wealthy states to deeply cut their greenhouse gas emissions and compensate poorer nations for loss and damage caused by climate change weather events. we will turn to our three guests here, a roundtable of some of the young voices here. amanda nesheiwat is here, a 23- y

will clear the way for greece to receive a new infusion of more than 43 billion euros in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target of 30 million barrels a day. they say supply is sufficient and prices are appropriate for the moment. prices in new york of benchmark crude futures have been relatively stable since the summer at just around $85 a barrel. this is against a background of slower economic recovery. opec expects demand for crude to rise as the dploe ball economy picks up. some analysts say opec could consider cutting output. here is a check on markets. >>> nhk special coverage japan general election is a click away. we'll be adding features to our web and mobile sites. in-depth looks on what could define the campaign. get online and get informed. >>> delegates from more than 100 countries noticed them as legitimate people. barack obama did the same thing a day earlier. the de the delegates met in m