not so much here in euro-land, but in the united states and united kingdom. in just rates could be rising because the economy there are doing better than the economy here in the euro area. are investors, this means the u.s. dollar and the british pound are becoming more attractive compared to the euro. this speculation on rising interest rates in other places of the world made the euro-dollar exchange rate fall this wednesday, on the lowest level in nine months. shares were not in demand here in frankfurt, because interest rates in the euro area remain low because the economy is not doing so well here compared to other places in the world. >> germany may have the leading economy in the 28-member european union, but it only ranks 13th in terms of internet connectivity. the digital agenda aims to change all that. the government is taking steps to make sure that the entire country gets high-speed and secure internet by 2018. >> the internet superhighway has taken a detour around luneburg in southwestern germany. only 1% of residents here have a high-speed connec

we have already seen more than five years on from the global nrble crisis that any adjustment euro landanaged to achieve will be the expense of loss of output and record unemployment. unless those structural reforms are supported by monetary and fiscal policy together with the necessary debt writeoff, euro land is headed for demand deflation. staggering that the eurozone is still, especially in the corporate and the government sector having excessive debt. >> right. >> now if that has to be worked out, what the e.c.b. could do is u.k. style quantitative easing. but contrary to what quite a lot of central bankers think, quantitative easing doesn't work through compressing the premium and the credit channel. what it does sin ject money directly into the economy bypassing the banks and supporting nominal domestic emand. >> q.e. , when you have yields where they are at the moment. are the opportunities to be missed? how about the opportunity to do full q.e. already passed us by because we're factoring in a much more different scenario than the one the u.k. continue bait or the u.s. contempl

with us to continue our debt discussion however will be hopping the atlantic to focus a bit more on euro land debt then in today's big deal edward harris and i are sticking with the whole debt theme and we'll be looking at public and private debt and how much more of it exists post chris and remember you can see all segments featured in today's show on youtube youtube dot com slash boom bust our t.v. and on. hulu dot com slash boom bust now before we go here are a look at some your closing numbers the bell. we must stop worrying and learn to love the frak because mr president we must not allow by their own minds jab jab nor a fracking well. in justifying their stance they're citing all sorts of what they see as international precedents in cost of what they are coming referendum in scotland but the response that they're hearing from the west is that what you're saying is illegitimate but what we've been doing is still full of life the measure if you break into they're still good but america does is right rules are made for other people for sundries like russia are all trying to be like this tr