europe has and also here number of panels as you said with russian participants on the future of eurasiathe global energy outlook and also the outlook for china.

tackle a global financial crisis an attempt to restore economic confidence the future of china and eurasia is expected to dominate today's agenda along with other parts of the seas ati's lorna's to reports. it's day three of the world economic forum but things are certainly not slowing down if anything they are continuing to get more into the problems the economic problems that really are the ones that are a focus of the globe and at the people here we will of course given out here a lot more on the eurozone crisis this is really something that has cast a cloud over this entire forum with it being the headache for the global economy as angela merkel pointed out in her remarks probably quite fit only when this forum opened up but will also hear on a number of other issues we will hear about politics there will be discussion of the arab spring implications we'll hear from the prime minister of tunisia we'll hear from the presidential candidate egypt about what the arab spring means for those economies and also for investment we'll also hear more on emerging economies and on the big guys we'l

europe has and also here number of panels as you said with russian participants on the future of eurasia the global energy outlook and also the outlook for china really pessimistic over tone and all of these economic needing even when it comes to china which is growing at a clip still nine percent the line on the agenda about that about china's outlook is why is there pessimism for an economy that's growing nine percent of that really kind of dictates the general pessimism about a lot that's going on in the global economy but we certainly will hear more of what officials think maybe trying to sell their talking points for their respective countries their organizations today there have been some debates on capitalism where we've seen inequality brought up but those are on the first day i should mention the occupy wall street in this case it's occupy davos is here they've been here all week and they're shut out although occupy has been mentioned on the agenda been mentioned by klaus schwab you don't see an invite for those occupy protesters their actions are still limited to outside the do

that europe has and also here number panels as you said with russian participants on the future of eurasia the global energy outlook and also the outlook for china real pessimistic over tone and all of these economic meetings even when it comes to china which is growing at a quick clip still nine percent the line on the agenda about that about china's outlook is why is there pessimism for an economy that's growing nine percent so that really kind of dictates the general pessimism about a lot that's going on in the global economy and he said but we certainly will hear more of what officials they may be trying to sell their talking points for their respective countries their organizations today will certainly learn from non officials we've been hearing a lot of attention and criticism about global economic inequality it doesn't seem like the solution is going to be found for him or at least brought up. it has been brought up there have been some debates on capitalism where we've seen inequality brought out but those are on the first day we've heard comments from klaus schwab is the founder o

. >> rose: we continue with ian bremmer of eurasia group and his listing of the top risks to peace and enomic pgress in 12. >> fear is tually the single noggesrisk in 2012. it is not that the big tngs are blowing up, the euro n' going to blow up, the united stat isctually doing better noan people think, china is not going to have a hard landing y all of the headline risk around political volatility is keing money on the side lines, it is keeping people investing in@ gold, and it is stoppingthe global economy from developin the way it probably should be. >> rose: tse are things you call red her rings. >> that's right. >>e w continue with jeremy rifkin his book is the third dustrial revolution. >> what happened in the last two years which is reallyga interesting is this internet communatn techlogy is just now merging with the new energy gi, distributed energy, and when they comecc together we create and infrastructure for a completely new economic paradigm. >>ose: a finally this evening a bit of culture with a great italian novelist umberto eco. >> it was important foc me to keepc the ch

participants will speak about the global energy outlook financial competitiveness and also the future of eurasia so those are some of the things that we're going to hear on the official agenda but do not forget it davos there is a whole other agenda which is what is happening on the sidelines and in private meetings and in private parties bilateral meetings for diplomats business meetings for any kind of executives or people trying to get investment whether it's a charity or a state or country so this is a lot of what goes on here we'll keep you posted on how this all unfolds on day three but for now from the world economic forum in davos switzerland i'm laurin leicester. to get more on the business deals that are being conducted the world economic forum so tune in for a financial update that's coming up in the just a couple minutes. some world news in brief for this hour the u.s. plans to cut one hundred thousand troops and its bid for a small lead military restructuring comes as the pentagon prepares for hundreds of billions of dollars worth of cuts in the next ten years this will still leave

participants will speak about the global energy outlook financial competitiveness and also the future of eurasia so those are some of the things that we're going to hear on the official agenda but do not forget at davos there is a whole other agenda which is what is happening on the sidelines and in private meetings and in private parties bilateral meetings for diplomats business meetings for any kind of executives or people trying to get investment whether it's a charity or a state or a country so this is a lot of what goes on here we'll keep you posted on how this all unfolds on day three but for now from the world economic forum in davos switzerland i'm laurin lister. well to get more on the business deals that are being conducted the world economic forum stay tuned for a business update in just a few minutes to. one of the leaders of the international terrorist organization. has been killed in russia's north caucuses republican been shown to. you know counter-terrorist operation was also the head of the largest underground network in the republic there for carrying out multiple attacks acros

tackle the global financial crisis an attempt to restore economic confidence the future of china and eurasia is expected to dominate today's agenda along with other vital issues let's get the latest now from our correspondent lauren lyster who is in down for us she joins us live loren what's on the schedule discussions are the most anticipated what are you hearing. well i mean is that this is really been a forum that has been captivated by the future of the eurozone crisis and today the schedule absolutely reflect that we'll hear from a number of high level european financial if their souls on the future of the eurozone outlook for the european union and we'll hear from the head of the e.c.b. mario drag you will hear from other financial officials including the c.e.o. of the f.s.f. which is one of the european bailout funds also a high level official from the european commission so i'm sure a lot of people are looking to see what is going to come out of that also timothy geithner u.s. treasury secretary is going to be here to discuss priorities for the united states maybe the united states g

geography geography plays a very important role and if the if this if this region is the heartland of eurasia over the world and then i would say that russia itself is the heartland of this particular region and all the connective ties. for export and import of goods and trade flows of people lead through russia but i would add one bit of warning although there is a logic to globalization that seems inevitable and and is quite attractive i would not expect that globalization and integrating the economic structures of these various countries will lead to quick benefits i think it will it all rather be a process of integration over time which will yield benefits and cause other problems it will require a much deeper extension of integrative processes also in the legal arena as well as the economic arena and it's a difficult process as we now see with the e.u. we should push you mention very point civically that we are looking at the e.u. example and learning the lessons of what not to do well let's hope for the best ok all right gentlemen we go to a short break and after that short break we'll