for most eu nations, including germany, that means budget cuts will continue. european shares closed at a one- month low, weighed down by disappointing housing data from the united states. the poor figures are only adding to concerns over the pace of recovery in the world's largest economy. here's more from frankfurt. >> people's fears were confirmed when new data from the u.s. housing market came in. the home sales, existing hes, in julat t lowt lel that have been since the past 15 years. the realistic prices in united states is not over yet, one banker here in frankfurt said. and there are renewed fears that america, the u.s., will drop back into another round of recession. the housing market data, the fears for the housing and building market in general put a tremendous pressure on steelmakers and on housing shares. >> also something down. we will be back in frankfurt. staying there for a moment, we look at the numbers. the dax has fallen below the 6000 mark to 5935. the euro stoxx 50 is down even further at 2614. the same store across the land to. the dow j

nations. when they opened the borders, no one came. less than 2% of member states in the eu are finding less and less immigration. pepople are happy to stay home, if there is work. >> thank you for coming and sharing your ideas about immigration. the member for of 1981 i came to the united states -- november 1981 and came to the united states. i have been a resident of san francisco or the past few years. -- for the past 20 years. in my immigration practice, which i started with the help of the immigrant resource center, who was trying to help low- income immigrants adjust to life in the u.s. new life after amnesty, a lot of people were not able to immigrate because of a lack of money. still to this point, i see a lot of immigrants who want to get their work permits. i ask them how long they have been here. sometimes they have been here since the 1970's, 1980's, 1990's. a lot of them are elderly who are ready to retire. i had 165-year-old man who is alone, no family -- a 65-year- old man who is alone, no family here, but he does not have any papers to get that social securit

to pakistan in a few days to underpin eu efforts in support of the victims of this humanitarian disaster and support the coordination efforts of the united nations and the pakistani authorities. mr. president, as we all know, access remains a major challenge, and we are examining very carefully how all necessary assets can be deployed as a measure of priority. but in a region still affected by the conflict which has preceded the displacement of millions of people since 2009, it is crucial that humanitarian aid is perceived as neutral and in line with international humanitarian law and on the basis of the humanitarian principles of humanity, neutrality, impartiality, and independents. i would like to particularly stressed this point today on the second world humanitarian day, which is dedicated to all the relief workers, including those who lost their lives while helping others. as it is the case within the european union, coordination is also paramount for international access. the national and provincial pakistani authorities are clearly leading the response. at the same time, we would encourage all organizations to work in the coordination of

nations. history will remember that as always, the european -- europe overcame its problems by choosing solidarity and unity. what history will remember is that these problems represented an opportunity for the eu to make you progress set -- to make new progress. what history will remember is that once again, a franco-german understanding allow this progress to take place at the crucial place. but i take away from this ordeal is that we mistreat and the effectiveness of european institutions. the next page, the next step will be economic government. whatever necessary, meetings between the 16 members of the eurozone, but only a few months ago, the words european economic government were taboo. we could not use those words, except france. today, europe recognizes that true european economic government is necessary and even essential. now must be establishing concrete terms. france and germany have made ambitious proposals that were submitted at the council of ministers meeting, and in october, that would take the necessary decisions on the basis of proposals, but you're can not limit itself to economic issues, however important there may be. there are issues such as security and defense. we will

eu and emerging economies such as india. the trading countries complain about china's protected policies. china, in turn, criticizes them for imposing anti-dumping taxes on chinese imports. last year china became the world's top exporting nation overtaking germany. china's exports were worth $1.2 trillion in 2009. >>> the japanese government is considering economic stimulus measures after the latest economic growth figures show that the economy is slowing down. the cabinet office said that the gdp grew at 0.4% from april to june. naoto kan asked his ministers to assess the situation. he wants to determine the impact from the scheduled end of the current stimulus programs. subsidies for fuel efficient vehicles will expire in september and a plan for eco-friendly home appliances will be terminated at the end of the year. satoshi arai also in charge of economic and fiscal policies says he'll wait for the revised gdp data due out in mid-september. he'll then decide whether additional measures are needed. >>> despite all the hype and hoopla around the ipad's release, not everyone's happy. for many local manufacturers, the gadget's arrival has touched a raw nerve. nhk world explains why. >> reporter: most of the ipad's key componen

eu level and the european investment bank. the fiscal stimulus was completed by proposals to speed up construction reports and measures at those european and nationalevels. as you know, the crisis has causes, innovation and products, willingness to lenders to take excessive risk, low interest rates, and the greed of investment for higher yields with belief credit agencies recommendations allowed complex investment products to include a wide range of investors. the credit interest complexity of products and the license of intermediation change may sometimes be impossible to clearly evaluate the nature and magnitude of the risk involved and identify those who buried. by special purpose vehicles banks could invest in such products without fulfilling the capital requirements. between banks eventually led to a crisis that had to address the stimulus packages and financial aid to support banks that were too big to fail. in the eu economic recovery measures led to enormous increasing in public spending. at the same time as another consequence of the crisis, eu faced sharp decrease in text revenues. all this led to public deficits, budget deaf sis, and wid

to pakistan in a few days to underpin eu efforts in support of the victims of this humanitarian disaster and support the coordination efforts of the united nations and the pakistani authorities. mr. president, as we all know, access remains a major challenge, and we are examining very carefully how all necessary assets can be deployed as a measure of priority. but in a region still affected by the conflict which has preceded the displacement of millions of people since 2009, it is crucial that humanitarian aid is perceived as neutral and in line with international humanitarian law and on the basis of the humanitarian principles of humanity, neutrality, impartiality, and independents. i would like to particularly stressed this point today on the second world humanitarian day, which is dedicated to all the relief workers, including those who lost their lives while helping others. as it is the case within the european union, coordination is also paramount for international access. the national and provincial pakistani authorities are clearly leading the response. at the same time, we would encourage all organizations to work in the coordination of

nations. as always, your over his difficulties by choosing solidarity and unity. what history will remember is that these problems represent an opportunity for the eu to make new progress since they led to the affirmation of its economic governors. history will remember that misunderstanding allow this to take place. greg: desk drawers understand what is key. what i take away is that we must strengthen the effectiveness of these institutions. the rag -- the next stage of the economic meetings between the 60 members of the bureau's own. only a few months ago for the words economic european economic government. this is necessary and essential. now it must be established in concrete terms that france and germany have made additional proposals that were submitted at the council of ministers' meetings. in october the year of a commission will take the next load on the basis of proposals. buchanan limit yourself to economic issues. there are also issues such as security and defense. we will not defend europe with procedures and paper. we have nuclear deterrence and in the face of new challenges, the europeans are lagging behind. they should also participate in ensuring the s