iran has been looking for ways to impact the eu economies. actions include stopping the export of oil to some nations before they can find other sources. oil investors are keeping a close eye on what measures iran will take to deal with the eu oil embargo. separately, the euro zone is expected to finalize a bailout package for greece on monday. the president says he is confident all necessary decisions will be made when the euro zone finance ministers meet next week. the ministers held a telephone conference on wednesday. they had planned to actually meet but decided to postpone it, saying greece needs to satisfy all conditions before receiving more financial support. after the conference call, the prime minister of luxemburg released a statement, a written pledge by the ruling coalition parties they will execute austerity measures. the statement also calls for further discussion on how to ensure greece will be able to conduct fiscal reform and repay its debts. still, the dow jones fell on wednesday, after two days of gains, signaling concerns

iran has been looking for ways to hinder the eu economies. >> and keeping ana close eye on what measures iran will take to deal with the oil embargo. the euro zone is expected to finalize a bail-out package. >> they had planned to meet but decided to postpone it saying greece needs to satisfy all conditions before receiving more financial support. after the conference call, the prescribe of -- released a statement. it says that progress has been made on the remaining two conditions. they include the submission of a written pledge by the country's ruling coalition parties that they will execute austerity measures. >> the average is now higher by four tenths of a percent. the broader topix is trading higher. >> and a meeting next monday. >> here is a look at the latest long term interest rates. >> took up the post in 2007. before the world bank he served as the u.s. deputy secretary of state and trade representative. >>> and need to be reviewed. reviewed. made a comment dealing with the fukushima daiichi accident. >> translator: the guidelines to do not lay out effective measures against t

so europe has been a powerful factor for liberalizing the eu economy. and so speaking about the social market economy, if, then, in the appropriate context is not underlining social effect of european -- for the government of europe, i just said, mario, some functions will have to go up two, others can be evolved to the national capitals or the regions. so no, i do not expect a heavier government. it is true the borderline between socialism and pro market attitudes is very thin and mobile, i always remember a day in 2001, the previous day i was commissioner for competition versus the previous day i had blocked the merger and rejected a french company, so i was described as socialist in the u.s. press. as a dangerous neo-liberal in the french press. >> mr. prime minister, we could obviously go on all day. we wish you the best of luck. we are with you, we support you, we hope and pray for your success, and we welcome you to the united states. [ applause ] >>> this weekend on c-span's newsmakers, senator jeff bingaman from the natural resources committee he

under any agreement, the economy would be monitored much more interested leave by the eu officials. it does not end there. -- the economy would be monitored much more intimately by eu officials. private banks are writing off a huge chunk of greek dead. it is unlikely that the debt burden will be anywhere near sustainable. that means that even more money these to be found. there is no one lining up to pay. it is because there is a real lack of trust now if greece is willing or able to implement a soft tough reforms. -- such a tough reforms. trust is not easily regained. >> on the island nation of mal dives, is the political situation is worsening as they're calling for new elections. a u.n. envoy is in the country trying to resolve the deadlock which has triggered several days of violence. >> a show of force, soldiers and riot gear and outside of the main mosque as worshipers gathered for friday prayers. among them was the island's former president. afterwards, he came out to a hero's reception from his supporters. officially, he is facing arrest but for now he is still a free man. ye

eu. they want signatures from all of the coalition partners that no matter who the next prime minister will be, they will stick with it. >> cutting spending will not get the greek economy back on its feet in itself. will the eu do anything to help? >> cutting spending is a necessary condition for the money to be released. reese needs it to pay its debts. without that money, greece will be bankrupt on the 20th of march when the debts are due. the eu is also working to try and get the greek economy back on its own two feet. they have to put together a task force which is, for instance, helping them get the administration back in order but it will take years. >> thank you for joining us, nina, from brussels. >> the greek crisis has been a big worry over shattering the financial markets. how did sunday's low down in trading today? >> relief about the greek decision was noticeable in many parts of the financial markets. a messy default of greece has now become less probable again. that is why the euro could gain as well as the stock prices of many european companies. the yields on many of the eurozone government bonds, for instance italy and portugal, will have to pay less

eu officials are asking the world's second largest economy for help in rebuilding a region. european council president and european commission president met chinese premier on tuesday. they didn't quite get a clear commitment from china. the eu asked china to hope boost the financial base of the european financial stability and the international monetary fund. china expressed willingness to continue talks with terks. this is because china's exports have been falling and the economy is slowing down due to the debt problems in the euro zone, is largest trade partner for china. >> translator: china is preparing to support the european union. we will cooperate with them and hold dialogue. >> we welcome the positive attitude and engagement china and premier have taken publicly towards the stability of the euro zone and the european union. >> china's believed likely to continue discussing cautiously when and how it can support the eu in view of the strong opposition back in the country against providing support for europe. japan central bank has decided to step up monetary easing t

even if the greek government does manage to come to more cuts that are possible for these eu leaders, the economy will shrink even further next year and the austerity programs will just have to be reinforced once again. >> reporter: well, this is very much the fear here. we've been hearing, you know, about businesses closing every day, more people facing a harder and harder time. euro start figures show that one in four greeks is now on the poverty line. headlines this morning about greece going 60 years back and striking images on the front pages from the second world war, you know, starving children on the streets. it's very much that kind of mood. that's the popular mood here, and this is why there's so much fear, and in many ways, lack of support for these measures and also just confusion of what comes next, you know. none of the solutions seem desirable to the greek people at this point. >> okay, elinda, many thanks for that, joining us live from athens. just a reminder, a 48-hour general strike is going to be kicking off in the greek capital. we will be monitoring that as the day goes throu

eu budget. but i think this makes no sense. it is a matter of economies of scale and provision of public goods some of which can only be provided at the level of the eu. it can be applied but a change of mentality we are looking towards. the important the whole of the eu policy becomes more growth oriented. this will in the end also generate some demand expansion across europe which purely supply side reforms will not in themselves generate growth. >> let me ask you again to elaborate on a couple of comments you just made about the evolution of europe. you are now prime minister of italy but for a long time you've been one of the architects of europe. you've been on many commissions, written many reports about the future of europe, not to mention ten years implementing europe as a commissioner. as europe works its way through

millions of new jobs in a further planned to boost the eurozone economy, which involves tapping 82 billion euros of unspent funds from the eu budget. unemployment across the eurozone as a whole now stands at more than 10%, the highest level since the euro debuted a decade ago. not even europe's leading economy, germany, has been able to escape the slowdown. >> unemployment has topped 3 million again, but germany's labor office says that is not as bad as it sounds. many of the additional 300,000 people on the books are out of work due to seasonal factors. a number of building sites take a break during the cold winter months, for example. business is picking up for many german firms, but a lot of them say they are having a hard time recruiting suitable staff, despite the unemployment figures. >> in other words, on the one hand, the strong upswing is still having an effect. on the other hand, we are seeing the companies are having difficulties finding the right staff to fill vacancies, regardless of the sector or region. >> currently, mechanical engineers, health care professionals, and energy sector specialists are in particu

eu. harvest's often fail, and the country cannot feed its own people. the planned economysed on heavy industry, especially the production of military command and weapons. north korea has the highest percentage of soldiers per- capita in the world. their new supreme commander is kim jong un. the young leader seems to be continuing the policies of his father kim jong il. ♪ for years, north korea has unsettled the international community with its missile tests across a border that divides the korean peninsula. south korea is nervous about the intentions of its unpredictable neighbor. the country's nuclear program has become an international issue, but it is still unclear whether the regime has successfully developed a functioning nuclear bomb. >> never sending a little bit more pleasant. it is the biggest society event in austria, the viennese opera ball. >> the dress code has not changed in 57 years. white ties and details for the gentleman, floor length gowns for the ladies. >> every year, the auditorium of the vienna state opera is turned into a large ballroom. >> and the

all of our national issues, whether it be the national debt, being the economy, being the euro, the standing of the euro and the eu, all of us are facing financial challenges. and, therefore, to me to drives us to see that alliance warfare is the right way to go because it's about cost sharing, it's about risk sharing, and it's about working together. but with that comes also the need to understand that alliance warfare also is a more cleollegl way of doing business, and in some places it may take a little bit more time. but the results can be accomplished in the same way, and, in fact, it's probably not a bad thing to listen to what the others have got to say put together. so could the alliance put another mission like this together? absolutely. in terms of capabilities, in terms of knowledge. as far as the sustainment and the scope of it, i think the future and the economies of the various nations that are a part of nato will dictate that. but i think we also need to take a look globally at nato capabilities and decide what should reside within nato, each countries, and are there any capabilities that do not nee

eu. these things will impact not only how the economy goes but how people vote. >> what a great way to get into our resident european. i will tell you, richard, there is even some theory, it's just been floated by a few people, that if our growth continues to be as strong as it is in the united states, rather than worrying about europe sucking america down again into another recession, it might be the other way, we might be able to help you folks out. how can we help you, richard? you need it. >> hey, hey, hey, one at a time, please, one at a time. look, i don't think you're going to be able to. i think with the euro zone and the european union being the second largest or the largest in the world -- >> we'll run with second largest. >> all right. there's nothing you can do about it because the problems in the eurozone are so deep, and they threaten to get worse and they threaten to get worse before they get better. and, and before you all start beating up on me, your growth is fragile. >> absolutely. >> there's no depth to it. >> we're sitting here celebrating what should be 500, 800,000 j

as we heard earlier, the eu is busy courting china and the hope of getting support for the single currency. >> china is not the only fastest-growing economype has its eye on. latin america holds the prospect of massive growth and trade. >> germany's foreign minister is in brazil right now to nurture a relationship with what is already the world's sixth largest economy. >> this is the second time guido westerwelle has visited brazil as foreign minister. trading has increased significantly over the past yer. at a meeting with his counterpart in the capital brasilia, westerwelle praised brazil's recent economic development of the german foreign minister also said there's no way past brazil one facing global issues. >> brazil is much more than an economically successful state. it is new power center, a new power that is shaping the world. and if we want to achieve something globally from environmental protection to security and peace, then a regular exchange with brazil is advisable and appropriate. >> brazil's economy has been going through a boom for years. it is the sixth largest in the world. that has been made possible by rich oil reserv

the eu and the imf said their message to greece and have said that the leaders need to sacrifice short-term political gain to save the economy in the long run. it is a difficult message for this nation that is squeezed to the breaking point. this is the worst economic crisis they have seen since the second world war. unemployment now is nearly 20%. this raises the question, is the whole strategy wrong? is the strategy of more austerity coming? this is a path that the country will stick to. tomorrow, there could be a deal and there will be more austerity and more cuts to come and greece will be saved from the financial abyss, albeit at the 11th hour. >> we're grateful to you for standing out there in the cold. they've you very much. -- thank you very much. now to the indian ocean where an island nation is rocked by political turmoil. scuffles have broken out between police and the former president who was forced to step down. mohamed nasheed was the first democratically elected president and the u.s. will be sending a senior envoy to the island this weekend. we go to the capital for this report. >> at the start of this week,

the eu and the imf said their message to greece and have said that the leaders need to sacrifice short-term political gain to save the economy in the long run. it is a difficult message for this nation that is squeezed to the breaking point. this is the worst economic crisis they have seen since the second world war. unemployment now is nearly 20%. this raises the question, is the whole strategy wrong? is the strategy of more austerity coming? this is a path that the country will stick to. tomorrow, there could be a deal and there will be more austerity and more cuts to come and greece will be saved from the financial abyss, albeit at the 11th hour. >> we're grateful to you for standing out there in the cold. they've you very much. -- thank you very much. now to the indian ocean where an island nation is rocked by political turmoil. scuffles have broken out between police and the former president who was forced to step down. mohamed nasheed was the first democratically elected president and the u.s. will be sending a senior envoy to the island this weekend. we go to the capital for this report. >> at the start of this week,

eu-india summit. that's something we're watching very closely. top of the agenda free trade, economic cooperation between asia's third largest economy and, of courseeuropean union. all the highlights live from new delhi. what can you tell us? >> reporter: thanks very much. yes, the india-eu summit did kick off this morning. the prime minister met with the european council president and the commission president heading the delegation from the european side. they are going to be talking about that very crucial foreign trade agreement or the bilateral investment treaty agreement which has been urned negotiation since 2007. the sensitivities on both sides, the eu wants a reduction for crucial sectors like auto, wines, et cetera. and the indian auto industry is not particularly keen with any sort of production. both sides trying to iron out sensitivities. what we were told this morning is that they are hopeful of negotiations concluding by autumn this year. so there could be positive forward movement on the free trade agreement. eu is one of the largest trading partners accounting for 14% of india's trade and of course a big source of direct investment

eu. while it is there, the iranian export to those countries are not that significant. so by placing an embargo from the iranian side against those two countries still won't hurt the iranian economy. so i think that was sort of a gesture they were trying to show and send a message to the other european states. >> a warning? >> sure. >> let's talk about israel and iran there. how do you think the tension between those two countries will play out? >> prospects aren't good. israel for sure going to capitalize on this latest event in trying to say to the world especially to the united states that all options should be kept on the table. and not only by saying that at the very last moment they would require to stage action against iran. >> i see. all right. but iran is still saying that their nuclear development is for peaceful purposes. >> yes. yesterday the leader made a speech and here he said that any nation or a nation would not gain or elevate its prestige by acquiring a nuclear device. all that means is that iran is after a peaceful purposes and not for military development. >> all right. thank you very much for coming in today. tanaka is an expert on the middle east on the eco

economy contracting by about 0.3%. the dry coming through not just from greece and portugal -- the drag coming not just from greece and portugal, but from the netherlands. he is the eumissioner for economic affairs. he says although the figures are not great, there is some cause for optimism. >> compared to our november forecast, prospects have worsened and risks to the growth outlook to remain. but there are signs of stabilization at the same time, especially in the more recent time. >> timing is everything on this. you have this report, and a very influential survey that shows business sentiment is on the rise for february. >> thank you. two members of international force in afghanistan have been shot dead by a man and afghan army uniform. it happened shortly after the taliban called on all afghans to kill westerners in retaliation weree copies of the cross koran burned. crowds took to the streets in seven provinces in the northeast of the country. in some places it ended with violence. to g>> we can go to kabul for te latest. our colleague is there. >> as the violence spread across the country, president karzai has been holding crisis talks with afghan politician

economy must be a big concern. and then we take a look at the eu which is part of china's problems, because it's an export market that's withering for them, i think you've got some very disappointing numbers coming in the future. then topping that all off, i just think that the u.s. went back to okay. who's happening on capitol hill. nothing, the presidential race, romney will be a clear front-runner so we can have some hope in terms of business spending money and that's on the back burner. >> care avery you've had renegative talk about china. you've been a bull on china. on the soft landing side of things, if on the any landing side of things. where do you come down on the market today? what are you doing? >> well, it will come as no great surprise that i disagree with steve. i don't see the world in quite such half empty terms. i think we know the risks that are out there. i'm not going to debate the reality of those risks. point a time in the past 20 years where there hasn't been something out there in the market that you know is going to be a problem. >> so you're not taking risk off the table? >> no, i've been tak

eu is boycotting buying oil from iran. iran cutting off britain and france over the weekend plus you've got our economies getting better.ny's economy performing better the demand is rising as wells. there is a lot into this equation but it looks hike gasoline prices moving higher. >> we'll hold on to the fact that there are several factors in this. hopefully, things will swing in our favor over the next couple of months. robert gray in new york for us, thank you so much. >> have a great day. >> you too. >>> coming up next, an alarming rise in robberies on d.c. streets. we'll tell you who thieves are targeting. >>> also ahead, d.c.'s controversial speed cameras, they are the target of another protest. we'll tell you who is fighting to get the fine that come with those tickets reduced. reduced. time now is 6:27. over 200,000 people are hospitalized every year with flu complications. lysol disinfectant spray is approved to kill over 50 germs on surfaces. this includes cold and flu viruses. so we recommend using lysol every day. weight loss programs can be expensive. so to save some money, i just got the popular girls from

and certainly, we are not ready to have in the future a greater eu budget, but i think this makes no sense because it is a matter of economiess, some of which can only be provided at the level of the eu, so i think it will be important, but will implied it difficult change in mentality, and we are working towards the important, that the whole of the eu policy stance becomes more growth-oriented, and this will in the and also generate some demand expansion across europe without which purely supply side reforms will not in themselves generate growth. >> let me ask you again to elaborate on a couple of comments you just made about your the evolution of europe. you are now prime minister of europe, but for a long time, you have been one of the architects of year. you have written on your, not to mention your 10 years and lamenting as commissioner of europe. as you have work to wait through the current crisis, what do you see as the medium to long run outlook for the european union as a whole and for the future prospects of the integration exercise? millions have observed that europe has faced many crises over its five or six dec

economy in europe. markets are volatile right now. all the uncertainty in the eu. we'll see what happens as we get closer to the opening bell. >>> also, check out tef lugs of the drive-thru at this ski resort in squaw valley, california. they just opened a starbucks ski-through at 8,000 feet. it's exactly what it sounds like. you just ski up to the window. you order a piping hot caramel macchiato and no need to take the skis off. >> great idea if i could ski because i tore it my knee last year. why take the effort to get in your car and drive. i love it. >>> with our panel again, talking jeremy lin. new york nick. first u.s. born nba player of asian decent who is performing. and a lot of people coming down on him. have you heard these? floyd mayweather who is never all that ever, he tweeted this. jeremy lin is a good player. oh, really? but all the hype because he's asian. black player s do what he does every night and don't get the same praise. that's just not true. >> i don't actually think black players school kobe every single night. i don't think that happens

economy. all right. fine. so today turkey, they are our l allies. they announced they are going to keep buying oil from these people. >> why shouldn't they? >> the eu let them in. >> i didn't interrupt. so let me finish this. the point is, it's all interconnected. let's go to the u.n. let's force turkey to defend their actions. let's force the chinese to vote and over and over again. >> let's go to china. you get the point. china is the country that we, the united states, are most reliant upon. not only to resolve our trade issues which are costing us millions of jobs, but our relationships in the middle east. in fact, the person expected to be the incoming president of china met with our president. it was at the white house. president obama welcomed the man that many expect to be the communist country's next leader. take a listen. >> this is obviously a great opportunity for us to build on the u.s./china relationship. we have continually tried to move forward on the basis of recognizing that a cooperative relationship based on mutual interests and mutual respect is not only in the interests of the united states and choina, but i also in the intere

economy 2s. >> reporter: the sanctions are working, though perhaps not quite yet the way those imposing them intended. arwa damon, cnn, damascus. >>> china's aviation authorities have banned chinese airlines from participating in the eu'scheme, as well as from introducing levies on the taxes. the chinese won't pay any taxes to the eu. they escalate the debate pitting beijing against brussels. we're being joined from beijing. this looks like it's a major escalation with beijing stepping in and saying to its airlines that you are not allowed to follow an eu directive. why is beijing taking such a strong stance given that the aviation industry in china is probably one of the most robust in the world? >> reporter: well, andrew, china has long been opposed to this scheme. they called it an improve tax. they called it an unfair trade barrier. like a lot of other countries around the world, including the united states, beijing has said that this particular program breaches international law. now the purpose of the eu program is to help improve the environment. it's to curve climate change, gas emissions. china is one of the biggest offenders of this. of course, they say they aren't against that idea in principle, however, the

question not just for greece, melissa, but so many of these economies that are starting to really adhere to austerity budgets to try to keep the eu together so to speak and, you know. but how in the world can you get gdp growth when you're administering austerity like that? and in greece, we're seeing one test of that theory, and doesn't look like it's going to go particularly well. that's part of what has to happen here, whether it was a devaluation if they still have what they're doing now, the question is how you regain some growth. >> well, look, one of the things that greece has done. people at home have to recognize, you have the irs here. if you don't pay, the irs you're guilty until you're proven innocent. you've got 16 people claiming millionaires, there's a great imbalance in greece. at the same time, i do not believe that the greeks will accept any level of austerity that the politicians are agreeing to. without growth, it's going to be failed from the get go. >> as far as the marketing positioning, they believed the money would be paid in march and that's where we are. and the politicians would ultimately bend to get

eu is tangling with iran. u.s. consumer isn't in a depression anymore. our consumption of gas is actually down. >> i'm not surprised by that. are you? >> it's anticipation. speculators in the market. the economy will get better. >> better vehicles. >> this is from the oil price information service 60 cents or more higher by may. >> oh, my goodness. >> chicago, new york, l.a. >> before memorial day. >> it does every year. other things working there too. >> christine, thank you. >> you're welcome. >> rob marciano is someone else who never leaves the office because if he left the office we would never know what was happening in the weather. >> oh, there's more qualified people who could tell you that. >> you sell yourself short. >> happy day after weather man's day. thank you for the cards flowers and candies. yesterday it was 70 plus. i'm thinking this is super bowl weather and i get an e-mail from the national hurricane center. we're checking something out in the northwestern caribbean. something that has a chance of developing maybe a subtropical low or tropical low itself. not looking all that healthy this morning. nonetheless, gives you an idea how whacky our weather is. our models are taki

that the world's second biggest economy will avoid a hard landing opinion guys, that's why we're seeing green arrows once again. >> and one of the big stories this morning, eu anti-trust regularitiers wronging the merger of nyse euroneck and deutsche boerse. the nyse says in light of the decision, it is in discussions to terminate the merger. meantime, it's planning to focus on a stand alone strategy, announcing a $500 million repurchase program. nyse's ceo, duncan niederauer is going to joins. i was with duncan in davos. i think there was an expectation that this transaction would not go anywhere. i'm not sure that there's that time options for them. at the time they pursued this transaction, there was a lot of consolidations. the london stock exchange wag tries to do a deal. none of those deals came together and i'm not sure we're going to necessarily see this all rev up again. we do have a merger sxert on our set who might be able to talk more about this in a moment. we haven't been able to introduce her yet because she has another story. joe is -- i don't know what joe is doing there. >> we had great viewers. we talked about the python and how deer were

leaders from the eu and india said the free trade deal needs to be signed as soon as possible to boost the european and indian economies. >> europe's recovery is also essential for ensuring the recovery of the global economy and bringing back market confidence. >> trade is a key component for our economic relations. european union remains india's biggest trading partner, and the trend remains positive. >>> indians with hiv and aids protested against the free trade talks with the eu. they say european demands for protection of intellectual property rights could stop india from producing cheap versions of aids drugs. >> we really don't want the indian government to sell our human life. >> generic aids drugs made in india are also used by more than 80% of patients in africa and other developing parts of the world. >>> the operator of japan's crippled fukushima daiichi nuclear plant is getting ready for a 40-year decommissioning program. the first step will be removing spent fuel rods. tokyo electric officials showed underwater video from the spent fuel storage pool in the number four reactor building. they say the spent f