now. spain's relief package will cost 27000000000 euros francis package. $45000000000.00 euros and italy will hand out a total amount of $50000000000.00 euros. germany's package will cost more than the previous $3.00 combined. the reef package will cost taxpayers 200000000000 euros. it does include a one time payment of $300.00 euros and a cap on gas prices for consumers and businesses. well, for more, let's bring in our correspondent nina asa, who has been following the meeting in praga nina. critics say this german aid package would distort the e u market. is that the overwhelming opinion among leaders in prague as well? i know it's not. i mean, this criticism is definitely being voiced here in prague, especially from eastern european countries or the polish prime minister, for example, said that it was unfair, and that the air, germany can't dictate energy policy either. so he's having a good go at had germany at the moment. but them, other than that, germany argues that other countries are doing similar things as well. austria is on its 3rd financial aid package and you have to keep

how worried should we be about rate hikes for these weaker economies in the euro? so this is always this needle that the easy behalf a threat. is that really a concern? i think it is there any effect isn't just that the small countries actually, you really see germany would say no census of the word is the changing of the year of the euro or economy. they are technically recession now. and this inevitably, that this will continue for some time till energy demand stabilizes into a new equilibrium level. so i think it is it the, the energy at the is a rate hikes that we are expected to see from these. we today will affect countries very differently simply because they are the very different way in terms of managing the fall out from the war. so we will see a differentiated impact her off of the, of the rate hikes. but in any case, it will not be anywhere near the rate hikes of we have seen in the us precisely because the u. s. is in a very different position when it comes to inflation or into merits. us with approval is to thank you very much. both energy costs are r

she pond for $170.00 euros. lazy little. yeah. on that, i'm delighted to have got it back to feed on me. so last time i've mazing he thing and electricity bills and low a real wages. and i'm a single mom t, so it's tough. most customers do actually manage to settled, their loan pawnbroker. michelle mailing only sells on items. if their owner is in solvent above, i took my mostly i, we prefer not to sell a pond item. we only do it as a last resort. it's better to see customers getting their possessions back if it's better for us, because we can keep on lending. plus, customers get to keep their things, such rosanna, rosanna, gigs, and, and off. here he's issuing a loan for a luxury watch, almost 18000 euros. those kinds of sums require the right expertise to ensure that the item is authentic, and in proper working order either before the recent rise and turnover is partly due to customers. now coming from all walks of life, one such watch belongs to the boss of a large trades business who needed to pay his employees by phone, by an

b, as it tries to keep prices under control while attempting to avoid a looming recession in the euro zone. the covey pandemic has left its mark, but more importantly, russia's war and ukraine and the knock on effect on fuel prices of putting the years on economy under pressure. andrarios now is fritzy cola guy who is chief economist at german state owned investment and development bank k f w. thank you very much for joining us for it. see both italy's prime minister maloney and france as president micron of warned against increasing interest rate saying it could cause of recession. the c b president of course says it's necessary to contain inflation. so who cited you on? well, i think and the current inflation readings that we're seeing in the euro zone, these d b has to show that it's primary goal is to maintain price stability and, and about 10 percent for the euro's down as a total u. c. b, it has no other way than to increase interest rates for other in particular. also because inflation expectations are still above the 2 percent target for inflation for a b u result. but shouldn

single pound for the euro down by .5%. i think we are in for a choppy period, the continuation of one. and then we will factor in the earnings season. asml pointing to positive demand, up by nearly 7% on that stock. the rest of the earnings season a little more mixed. i thought the comments today were very interesting on inflation. the world's biggest food producer seeing inflation in that space continuing for some time to come. that is in some ways reflected in the data out of u.k. today with double-digit inflation. has inflation in the u.k. peaked? alix: for $17 trillion question. it is a similar story in the u.s. on it comes to earnings. you have netflix popping 15%. we have not seen that kind of rally since january 2021. the nasdaq 100 and s&p 500 cannot make up their minds. if you have netflix down 20%, you could argue indices would be lower. the fact they had solid numbers and a positive outlook does not mean it is dragging up the rest of the index. that is interesting into next week, particularly earnings season. 10

so he gets 100 euros. or maybe this will be enough to get by at the end of the week, he'll be getting the government gas bill rebate for next month. so he might be back for his tv sooner rather than later. now on sector more than any others driving up the cost of living and that is energy. russian president vladimir putin decision to choke off gas supplies to the you, the lead to a steep increase in prices. are several governments have moved to entities, energy price caps, that hasn't been enough to reassure citizens that the situation is under control. bought a mil yardage schmidt gives us an insight into how his family is coping with the energy crisis. i'm facing 3 problems. ready metal schmidt relies on gas for 3 things, heating their home for hot water and for cooking in last year i've spent about 1500 euros on natural gas this year, 3000 euros, and it's getting even worse with his wife. he has a combined income of around $4000.00 euros nice, but with prices for everything, including food giving up. he

euros.n the twenty-first year, and in for the first place of the current year. this deficit has increased to three and 2/10 billion euros. what is the reason we sell our goods, we are ready to buy european goods, but they themselves do not sell ; we are here and again we will be we sell what they want to buy, please, at market prices, please, we are ready to buy you. you are no longer selling. the deficit is growing. they repeat at all not at our price, there is no need to refuse cooperation with russia, that's all. well, what else would you like to point out? as a matter of fact, it is emphasized. now the european officials themselves of the highest level, that the european well-being of the last decades was largely based on cooperation with russia , the consequences of a partial rejection of goods from russia are already negatively affecting the economy and residents europe however, instead of working to regain the competitive advantages of their own competitive advantages in the form of c

in the last year, i've spent about 1500 euros on natural gas this year, 3000 euros, and it's getting even worse with his wife. he has a combined income of around 4000 years nice, but with prices for everything, including food giving up. he's wondering how much longer they'll be able to make ends meet. he lives in berlin and often has lunch at a local snack bar. nice people, nice food, but his favorite sandwich has shut up one year to 790 and that's over his budget. i used to have lunch here 3 or 4 times the week. i really enjoy it. but now it feels like a guilty pleasure. i know it's not a give the pleasure. what is so much cheaper to eat at home? perhaps an expense can provide some reassurance about the energy crisis. turns out thomas o'donnell has bad news to report from the energy market. even if storage is full, that will last only about 2 and a half months in the heating season. so end of december, sometime if there's depends on how holders we could use it up very fast, then you're going to have a situation where there's simply not enough. you can import as much energy as used t

tom ragland. $2400.00 euros 1000 square meter. yes. so 720000 euros. in total, that's expensive. but right now, business is good. i'm under the shill giamvaldo with our son. the percentage of the population belonging to the upper middle class is rising sharply. send my last class, thought 6 apartments in 6 months. here in goal shaft i machine will be charged our weapon kinetic solutions to fully convince his client per thing takes her up to the roof. is for me, this pool is one of the most beautiful anywhere and go shot one day on him. shonda, theresa jumper. yeah, how about i jump in a nice i dear, in this heat. while the countries middle and upper classes continue to flourish, a significant section of the population still live below the poverty line. and according to the world bank, if drastic action is not taken soon, and temperatures continue to rise by 2050 bangladesh will have more than 20000000 climate refugees. mm . with ah, searching for solutions the energy crisis. can we can gas rescue euro much energy can heat actually said in my that home and generally cuts transport

we have a weaker euro, euro dollar above parity. euro-dollar on the session down my 5%. had in washington, the vector of the ecb is calling to the netherlands. and germany. jonathan: they are happier with this. tom: they begin the morning happier. jonathan: i said it was the last 10 years in reverse. it is the germans complaining about policy to lose. now, the italians are complaining about things becoming too tight, too quickly. lisa: they have a different leg right now. germany has been on the front foot -- part of the issue of what has been going on and dependence on russian oil, how much is there a bit of, we need to throw you a bone to save part of the union, which is a reason there may be more willingness by the ecb. jonathan: you are being too kind. that decision has dropped. 75 basis points was the previous number. we got -- we go from 75 to 150 on the depot rate. on marginal lending facility to to 25. main financing rate from 125 to 2%. all, slap bang in line with what we expected. weaker euro down .5%, that is where it stays. starts to roll over more. i will ge

last year, the country's economy was 7 billion euros.eady 19 billion euros, but according to calculations. well, and, of course, the situation is quite fragile next year, maybe even 29 billion. you will have to pay. so what do you see in 4 years? four times seen in 2 years. costs will quadruple. nobody planned the situation. you know nobody wanted the emergence of such a situation that is why i hope that in the future all of those who have those political levers will be able to direct their efforts to achieve a peace place, lazio was looking for a place of confrontation, we need peace, because accordingly. if you are not ready to turn this wave back, then we will find ourselves in a much more difficult situation and we will also have to solve it somehow. compared to what we have now, many similar processes are taking place, so the question is, is it time to abandon the euro with the designation of the environmental standard for gasoline and diesel and who uses the euro, here is the euro-5 standard there, well, as they say, only journalis

$2400.00 euros 1000 square meter. yes. so 720000 euros. in total, that's expensive. but right now, business is good. i'm under the shill jumbled the live arson is a percentage of the population belonging to the upper middle class is rising sharply. send my last 5 or 6 apartments in 6 months here and go shop time much and won't be charged our back mcginnis evolution to fully convince his client, her thing takes her up to the roof. a swimming pool is one of the most beautiful anywhere and go shot one day on him. shomberg with her jump. great. how about i jump in a nice idea in his hate. while the countries middle and upper classes continue to flourish, a significant section of the population still live below the poverty line. and according to the world bank, if drastic action is not taken soon, and temperatures continue to rise by 2050 bangladesh will have more than 20000000 climate refugees. mm hm. it'll india them only a popular delicacy. they also play a key move we ecosystem. the see cucumber in the rama, not up for our district. more and more pictures are going af

they must also look at the value of the euro compared to euro-dollar for instance.se we import inflation. guy: is the euro to week right now? >> this is an aspect we have the cautiously look but if you compare the development for the u.s. dollar you see a certain decline and that might also in the end of course make imports more expensive, so i think the ecb all these things in line it acts pre-much in line with what other central banks are doing. in it's deciding independently and i think governments shouldn't give to detailed advice for the ecb. i cannot say it's doing something quite unusual compared to its peers currently in this situation. guy: thank you very much indeed for joining us. a great pleasure. germany's deputy finance minister, think you very much indeed. >> let's get to the markets in the u.s.. about half a percent, this is a pretty significant turnaround. abigail is tracking those moves. abigail: with a beautiful gain for the s&p 500 and the month of october up 8.2%. what a contrast down about the same amount in that month but the goals, of near te

i used to fay 40 euro's suddenly, the price jumped to 95 euros. that's despite subsidies for private homes. the states spain almost 80 euro's of dimitris power bill. without that help, he'd have to pay almost 175 euros. the high electricity costs are forcing him to cut back on things like food, dimitris and his wife have a yearly income of around 23000 euros. yes. the reason for the exploding prices is simple. grease produces the majority of its power from gas. last year, off of that gas came from russia. now that's changed. around 2 thirds of greece's liquefied natural gas comes from other sources. but the high price is evan budged. this is half cor, reese's largest company producing and processing copper products. it's one of many energy intensive companies in greece. after years of economic crisis, greece's industry has bounced back, despite the corona pandemic, but production costs of balloon 40 percent since the start of the year. i think, i think there are ranches, including many energy intensive industries that have already started to shut

i used to fay 40 euro's suddenly, the price jump to 95 euros. that's despite subsidies for private homes. the states spain almost 80 euro's of dimitris power bill. without that help, he'd have to pay almost 175 euros. the high electricity costs are forcing him to cut back on things like food, dimitris and his wife have a yearly income of around 23000 euros. yes. the reason for the exploding prices is simple. grease produces the majority of its power from gas. last year off of that gas came from russia. now that's changed. around 2 thirds of grease is liquefied natural gas comes from all the sources. but the high price is evan budged, mrs. huff cor, reese's largest company producing and processing copper products. it's one of many energy intensive companies in greece. after years of economic crisis, greece's industry has bounced back the spider corona pandemic, but production costs of balloon 40 percent since the start of the year. i think, i think there are ranches, including many energy intensive industries that have already started to shut dow

the euro is weaker by one third of 1%. euro-dollar, .9713.become a difficult moment that requires more extreme intervention and what could that intervention be when all responses are called into question in a new inflationary regime? jonathan: hard to compare the bond markets, apples to apples, not quite. it gives you an idea of where we are versus where we were in the summer of 2012. lisa: how much can this particular debt cycle withstand a 6% rate? i get your point that a lot of nations have pushed out maturities. is that good enough? jonathan: resilience. you see that everywhere. more resilient than it was. lisa: was it resilient or delayed? jonathan: jill joins us. let's start with the key differences of what we face now and what we faced back then. >> at the time, we had massive deficits. you had an issue with the government and the way the economy was working in the south of europe. those countries have done a good job reestablishing proper external position. the other big difference is we have different instruments. the big issue we ha

as much as 8 euros for a doner. talk to putin so that i pay 4 euros, please, since the information did not appear on the tapes of the agencies. so scholz ignored the request from the other side. he has been very busy in recent days. well , first of all, a strange forum was held in berlin for ukraine on the restoration of the ukrainian economy . asked for weapons, zelensky joined via video link from kiev and demanded money of 17 billion euros. he needs it right now immediately. well, shul. in the sense of other time periods. so here's what's at stake is nothing less than creating a new marshall plan for the 21st century, a generational challenge that the reconstruction and modernization of ukraine must begin now, and indeed it will become a challenge for many generations, which will require the joint forces of the entire international community. but it's also an opportunity for generations to come, if we do it right, the said marshall plan is a program for the post-war reconstruction of europe, during which the unite

price tom rate on $2400.00 euro's 1000 square meter. yes. so 720000 euros. in total, that's expensive. but right now, business is good. i'm under the shill giamvaldo with our son. the percentage of the population belonging to the upper middle class is rising sharply. send my last class for 6 apartments in 6 months here in goal shantay, mushroom one, charter workman kinetic solutions to fully convince his client per sane takes her up to the roof. is for me, this pool is one of the most beautiful anywhere and go shot one day on an shonda. teresa jump. great. how about i jump in a nice idea in this heat. while the countries middle and upper classes continue to flourish, a significant section of the population still live below the poverty line. and according to the world bank, if drastic action is not taken soon, and temperatures continue to rise by 2050 bangladesh will have more than 20000000 climate refugees. mm . ah, enter the conflict zone. the war in ukraine has raised political turn shoes throughout europe, but relatively between cost and serbia in brussel

we then have hourly wages here are for euro 6 euros are zix. these were considered completely normal. for that was the real consequence of hearts fork of an outfit of it, he spread in saxony, unhappy wiping out the last vestiges of the east germans social model. the reduction of labor costs had the poor 1st dish no did origin of child and we're glad is not only the german social democracy that is dotted social cost is the creed, the skin. it also applies to the party socially in so in other words, that the social democratic party in france is in our feet. it is just as true of the spanish socialist workers, party awareness. it is also true of the italian communist, whoever you look on monday. at one point they fallen for the dilution of neoliberalism dom written thus abandoned the thinking of the social democrats and socialists of game awe with the decline of social democracy. the idea of using taxation to redistribute wealth and thus reduced in a qualities, was gradually fighting in 2005 europe. since we're asked to vote on a common european c

i get $1092.00 euros pension and i pay $550.00 euros rent. i'll starve to death and i worked 40 years in a hospital with anomaly. although i have been working since i was 15 years old, i will be 62 and as p contributions for 47 years. 15 years we've been retired. there hasn't been a dime of increase. and today you want a satellite with a social security tax as a married couple get used to our complaints until we're dead. i am a widow. please don't cut what little money our poor husband slave so hard for in 42 years of hard work, but never been a drainage study. i've earned my retirement fear in square. don't destroy the system. with the signing of the master treaty in 1992. the welfare state was further eroded. the treaty enabled the free movement of goods, people and capitol within the european union, a win for the ideology of thatcher and reagan. such arizona, regan is almost a saturation. reagan is amazing. i mean, the regulations, the fleming softener board and curbing government protectionism fair, but the market sorted out the only the

so we had 100000 euro started capital and wanted to turn that 100000 euros equity into an investment of 2.5 to 3000000. when it's a 1st, you need to find a bank that has faith and you get for the advantage as i see it, which of course to partner doesn't care about as much out of as that are association as now, debt free. and we're on the way to raising our next round of equity. so we can take the next step i want to learn and through hall from to live. it's often one thing about fisher says. they are impatient to gain fast, i'd fisher or fight it is fishers and a patient by nature and expect results fast, or they would have opted shay or level targeted. an engineer from friesland is also involved in the attempt to gain more independence from the dutch and they partners in morocco. christine clever estron fish. his daughter is a mechanical engineer. she wrote her master's thesis on trim shelling to this day. it's a process that has defined automation in speaker neu felt she's inspecting one of the few shrimp peeling machines in operation. the machine has never been used on a larger sc

in addition, dodik is an obvious europeptic and often calls euro officials scammers . were constantly told to enter the european union in order to enter the european union. you have to do this, this, but nothing changed, and europe just put us new bills. i think the last 20 years has been a big scam for us. it will stop. after these elections, bosnia and herzegovina, the bitan agreement is administered through the office of high representative, who is appointed after the approval of his candidacy by the un security council, but here is the situation. even more confusing than the current representative of the former minister of agriculture of germany, the peasant schmidt was appointed by the west without agreement, and against the desire of russia, the serbian republic does not recognize him, the bosnian muslims ignore him and the german periodically throws tantrums about this, garbage, complete garbage, in their heads instead of to negotiate, they are constantly arguing what is wrong in this country. the leader of the basin muslims. in these elections. bakir was shunne

won't compared to the euro area.the credit area, you are mentioning liquidity issues, this is why you are cautious on high-yield. while ig is still sitting on quite robust fundamentals, so we are constructive on that as well. francine: when you say the earnings downward revision process has furthered ago, how much further are you expecting a 10% correction or more in equity markets? monica: when you compare the s&p consensus on earnings, it is .27% growth. we have -1%, so we expect earnings to be revised at least to flat growth, which overall implies our cautious stance. we believe at this stage there is a gap between what analysts are expecting and at least our own expectation. we would like to be wrong but eventually it is better to stay cautious. francine: monica, thanks much,, the head of amundi institute. we will have more on credit suisse's plan to raise $4 billion to fund a sweeping overhaul. the share price under pressure as they rebuild the bank. there was a third-quarter loss of 400 million francs that has

price tom rate on $2400.00 euro's 1000 square meter. yes. so 720000 euros. in total, that's expensive. but right now, business is good. i'm under the shill jumbled the with our since the percentage of the population belonging to the up on the new crafts is rising sharply. send my last class for 6 apartments in 6 months here. in goal shot i mushroom the charter workman gets abortion. to fully convince his client, her st takes her up to the roof, is for me, this pool is one of the most beautiful anywhere and go shot one day on him from $3.00 to $4.00. jump great. how about i jump in? a nice idea in this hate. while the countries middle and upper classes continue to flourish, a significant section of the population still live below the poverty line. and according to the world bank, if drastic action is not taken soon, and temperatures continue to rise by 2050 bangladesh will have more than 20000000 climate refugees. mm . ah. does thread illegal dumping destruction of livelihood and indigenous tribe in brazil? fighting for the right to exist? the land of cody bo

can someone say that while the war in the euro-atlantic community is going on in the country, the euro-atlanticommunity does not want to accept the country, part of which is occupied, but i would just like to remind our tv viewers that at one time the western germany was added to nato with all rights and obligations, mr. yevgeny, they were added, but west germany was not at war with a nuclear state, it was not at that time in the state of the most extensive war. well, then xx is now 21 centuries ago, these things must be understood absolutely clearly. ukraine will not become a member of nato because of russia. it can count on a political signal. it can count on approval. well, we are already saying that we will join without a foreign exchange program. the fact is that it is not one country. i will not motivate any of the member countries of the alliance from these, not because there are three dozen of them. not only in the external reaction, our problems are inside the state, including i cannot imagine a situation in which one of the heads of the judiciary is a nato country, there is a person w

, euros, yes, it was supposed to be a project for a maximum of 5 years, and at least 80 new jobs wereto be created. and what will the requirements be now? now the requirements are expanding by sectors , not the requirements, but the opportunities are expanding by sectors that is, more companies from other sectors of the economy can take part in this process, the proposal is to lower the investment threshold , that is, now you need to have a project for at least 12 million euros, and not 20 million euros, respectively, if before the war we had 28 projects in development in the amount of 2.2 billion us dollars, now the number of such projects will increase significantly, but, of course, the parliament must first consider and then vote on the signature of the president of ukraine. i hope that this will happen quickly and effectively in parliament, and here we can see not tens , but we can see perhaps hundreds of projects , as of today, we have eight projects under the ownership of old requirements in the amount of 1.2 billion us dollars, so the investment month-8 months has changed in th

a boring rates are still quite low in the 1000 nation euro's own. and they've only just started rising. and look at this in july for the 1st time after 11 years, the central bank raised interest rates by 50 basis points in september. the high command at to 75 basis points are the same figure is expected from today's e. c. b meeting by comparison, the fed has already raised interest rates by 75 basis points for 3 consecutive time since last june. right, maria merits us is deputy director of the brutal institute. she joins me now for more rigor to have you on the show is always the head of the u. s. federal pow has made it clear that he's willing to raise rates and risk recession to crush inflation. he said, now here in the, in the, you, we know that recession is more than likely around the corner. isn't it even more dangerous here, raising rates as we expect the e. c, b to do? i think that's probably right, sir, simply because of the nature of inflation in there in the u. actually in the eurozone is very different. and to the nature of our, of inflat

euro-dollar is down. inflation this morning, 10.7% in the euro zone. that going to be a problem? analyst keep missing how quickly inflation is accelerating. jonathan: we knew we would get upside to price going to get the numbers from italy. your point on that is tremendously important, to see germany and the inflation numbers runaway is just remarkable at this time of year. lisa: how much of a handle do the central bankers have on it? they say it claim -- came out of nowhere. jonathan: they sound like politicians. inflation came out of nowhere. lisa: the cynicism is warranted. let's get some movers that are safer. i'm looking at advanced micro devices. they are following today as a result of what's going on over in china. that's why i paired this with alibaba and baidu. covid related shutdowns keep happening. now they are targeting foxconn group. the cracked dense of led to these protests with people fleeing the factory. now you have the possibility of iphone manufacturing going to other places in china. it highlights the data. china is still very much

airbus has a product that sells in dollars and makes in euros.ple is the opposite, apple was talking about the impact strong dollar is having on its bottom line. other u.s. companies are doing that as well are we getting to the point where we can start saying, european stocks trade on decent multiples. on average, we have come to 11 times forward and we are going to get a tailwind from this week euro which could persist for quite a while. joost: i am not sure there. when you look at earnings and earnings expectations, we have seen downgrades in the u.s.. we have not seen any downgrades in europe. early to we, earnings in europe have been stronger than the u.s. i think that is driven by the exchange rate, it is already in those expectations. the strong dollar and the strong impact it has on those profits in euros, the translation effect. i think that is in the numbers. the dollar will probably stay strong if the fed is a bit more hawkish and the ecb given where the economy is, i expect -- it is not just strength of the dollar, it is the change mos

important thing: stable support of our international partners continues, in particular two billion eurosthis amount was received by our state as part of macro-financial assistance from the european union, this is another tranche aimed at support economic stability of ukraine , prime minister denysh myhal announced this, additional financial resources will help cover important budget expenditures, particularly in the social and humanitarian spheres, added the head of government, in general, ukraine received 4 billion - 200 million euros of macro-financial assistance from the eu this year. well, if you understand this more clearly consumers are advised not to confuse the situation with a fan power outage and outages that actually occur due to certain accidents due to shelling, in particular , ukrenergo reports that in some cities this there is no so-called blackout, but everything is connected with the shelling by the occupiers of critical infrastructure, so the schedules of emergency restrictions on power supply to consumers were not introduced in the company ukrenergo, they add that the

this is 2 billion euros, three more in november, and the remaining 500 million euros in december of this while bloomberg clarifies that the delay in payments was due to disagreements between european countries. the czech state, which is part of nato, on the one hand, is trying to demonstrate to washington its loyalty to the ukrainian regime, that is, its support for its desire for a common goal, such a milking machine is milking europe because the european union pays for everything, ukraine has not yet paid a penny. europe is preparing for the onset of a technical recession, representatives of the european central bank say, and economists vied with each other to scare an economic catastrophe of a global scale. however russia, it will affect to a lesser extent the details of anna lazareva the european central bank is ready for a possible recession combined with high inflation, said the vice president of the central bank. louis de guinness according to him, inflation in the euro area will be at 10% until the end of this year and will gradually slow down next. at the same time, the cb will