europe for what europe for. europe for the banker of. europe for europe for. business is it a europe of cities of europe of social rights and the rest of the continents watching too knowing that whoever its next partner is a honeymoon phase is out of the question to answer celia r t brussels. future shrouded in uncertainty the i.m.f. chief has set a goal to protect the world from europe christine legarde wants to erect a four hundred billion dollar financial wall all around the clock and the plan however is short eighty billion dollars with hopes that the fast growing countries known as the brics group plug the hole like brazil russia china india and south africa are ready to lend a helping hand but only for a bigger say over the international bank meeting today in washington the ministers from the group of twenty industrialized nations will focus on that funding but investment advisor patrick young doesn't have much faith the move will help to save the euro zone. this is absolutely a cataclysm for the euro zone there is no way no matter how large the sea of gu

altogether from europe and to change europe i like europe france is not able to do alone everything i want to cooperates i want this europe but they want i don't want a europe where there is twenty percent and we are not been elected like in soviet union before for exactly the same mind they know for people. never been elected. there are often curriculum. and inference of phantom surely interest in the decidedly thing it's not possible anymore and now you're arguing against evils of the free market so to speak but the world has moved forward in terms of globalization but you think it's a bit too late at this point that it's moved to progress stuff forward a little too much to take that step backwards the world is globally is global there is globalization but you know corey corey. melissy our job. argentina brazil. the power of the world but the defense and said. russia has its own policy and the never accept the russian people will never accept the its interests its own interests can be decided by somebody outside their country will do nothi

europe for europe for. europe for the brain curves europe for trade with europe for. business oh he's it europe of cities of europe of social rights and the rest of the continents watching to knowing that whoever its next partner is a honeymoon phase is out of the question. sylvia archie brussels. the i.m.f. here is on plan however still needs eighty billion dollars more and the hope is that a fast growing countries known as the brics were up will make up the shortfall russia has pledged billion u.s. dollars bought a long way the rest of the emerging economies once a greater say in how it spanned meeting today in washington ministers from the group of twenty industrialized nations will focus on their funding brazil russia china india and south africa are expected to come up with the eighty billion but ask for a bigger sway over the international bank. president christine legarde was optimistic that a compromise would be reached but commenting on the plan of vestment advisor patrick young doesn't have much faith a move will help save the euro zone. this is absolutely a

the chorus early is no europe for what europe for. europe for the bank curves europe rock trade europe for. business oh he's it a europe of cities a europe of social rights and the rest of the continents watching too knowing that whoever its next partner is a honeymoon phase is out of the question just are still here r t brussels. plan to rector massive financial buffer around the euro zone has been a welcome by everybody with manny nations reluctant to commit their cash and commenting on the idea investment advisor patrick young doesn't have much faith the move will help save the euro zone. this is how absolutely accounted for the euro zone there is no way no matter how large the sea of guards are no matter how high big bazooka it is that the i.m.f. is currently assembling nobody can afford to pay for italian government debt it is simply impossible we are pushing nations on the mediterranean fringe of europe into if we expect that they're going to stay in the euro zone it's a tragic by lerma for government the option is quite clear they nee

europe for what europe for. europe for the brinker of europe for trade europe for. business oh is it europe of cities of europe of social rights and the rest of the continents watching too knowing that whoever its next partner is a honeymoon phase is out of the question to answer celia r t brussels well the i.m.f. the eurozone plan however still needs eighty billion dollars more the hope is that the fast growing countries known as the brics group will be able to make up that shortfall russia has already pledged ten billion dollars but along with the rest of the emerging economies it wants a greater say you know how it's spent meeting today in washington ministers from the group of twenty industrialized nations will focus on that funding brazil russia china india and south africa are all expected to come up with the eight hundred billion mark but they do ask for a bigger sway over the international bank the i.m.f. spread and christine lagarde was optimistic that a compromise could perhaps be reached but commenting on the plan investment advisor patrick young doesn't h

europe for. europe for the bankers. europe trade europe for. business oh he isn't a europe of citizens of europe of social rights and the rest of the continents watching too knowing that whoever its next partner is a honeymoon phase is out of the question. cilia r t brussels. with the future shrouded in uncertainty the i.m.f. chief has set a goal to protect the world from europe christine legarde wants to erect a four hundred billion dollar financial wall around the block a planner is eighty billion dollars short with hopes that the fast growing countries known as the brics group will clog the whole result russia china in the and south africa ready to lend a helping hand but only for a bigger say over the international bank meeting today in washington and the says when the group of twenty industrialized nations will focus on that funding political analyst christophe hostiles says the i.m.f. won't be able to help europe without the brics which shows global power is shifting . not really to pay money so there is a very bad situation or a blow up o

based on what you're saying do you want out of the year or do you want out of europe altogether for me europe can change europe i like europe france is not able to do alone everything i want to cooperate i want this from europe but they want i don't want a europe where there is twenty percent. who are not. like in soviet union before the book is the same mind they know for people. never been elected. they are often reported. as they are only inference of the financial interest in the decidedly thing it's not possible anymore and now you're arguing against the evils of the free market so to speak but the world has moved forward in terms of globalization don't you think it's a bit too late at this point that it's moved to progress forward a little too much to take that step backwards as the world is globally is that there is globalisation but you know corey. melusine well as you are jap and argentina brazil. are open of the world but the difference and sent through shell. russia has its own policy and the never accept the russian people will never accept their. its interests its own interest can be decided by so

europe for trade europe for. business of his it's a europe of cities a europe of social rights and the rest of the continents watching to knowing that whoever its next partner is a honeymoon phase is out of the question tess are still here r t brussels and asked plan to recommend as a financial buffer around the euro zone has been welcomed by everybody was matinée sions reluctant to commit their cash and commenting on the idea investment advisor patrick young doesn't have much faith a move will help save for yourselves. this is absolutely a how to close them for the euro zone there is no way no marker hard large the sea of guards are no matter how high big bouzouki it is that the i.m.f. is currently assembling and nobody can afford to pay for italian government debt it is simply a also thought we are pushing nations on the mediterranean fringe all of europe into if we expect that they're going to stay in the euro zone it's a tragic parliament for government the option is quite clear and they need to say we cannot pay our debts we cannot survi

europe. europe, we project to be in the negative to probably around half percentage point of reduction, but then again please remember that europe is a combination of 27 different country, and there's very different situations in each one of the countries. >> susie: right. you know, wu have either closed or reduced production at a number of your smelters in the u.s. and in europe. do you see demand picking up maybe by the end of the year, that you will bring back some of that production and what would any of that mean for additional jobs at ail he would with a? >> well, the closure of the facilities was really not that much driven by the demand picture, but more driven by our strategic strategy, and that is to be more competitive also in what we call our upstream business where we make the metal, where we refine the boxite and turn it into alumina. and there we are coming down on the cost curve which make us more competitive and more sound to also withstand volatility, whatever the market would bring there. we have been shutting down 530 town tons of smelting capacity and last week we announced we're doing the same thing on the

europe for trade with europe for. business. or europe of senses of europe of sorts for rights and the rest of the continents watching too knowing that whoever its next partner is a honeymoon phase is out of the question the answer is still here r t brussels the un as planned to reckon massive financial buffer around the euro zone hasn't been welcomed by everybody with nanny nations reluctant to commit their cash and commenting on the idea investment advisor patrick young doesn't have much faith and move will help save the euro zone this is absolutely a cataclysm for the euro zone there is no way no matter how hard large to see it going to are no matter how high big zouk it is that the i.m.f. is currently assembling and nobody can afford to pay for italian government debt it is simply impossible we are pushing nations on the mediterranean fringe of europe into anarchy if we expect that they're going to stay in the euro zone it's a tragic development for a government the option is quite clear and they need to say we cannot pay our debts we

based on what you're saying do you want out of the euro or do you want out of europe or to gather from europe to change europe i like europe france is not able to do alone everything i want to corporates i want this europe but they want i don't want a europe where there is twenty percent and research were not been evicted like in soviet union before exactly the same mind no four people. middle being elected. as they are often. because they are under the influence of the financial it interests they decide if they think it's not possible anymore and now you're arguing against study evils of the free market so to speak but the world has moved forward in terms of globalization but you think it's a bit too late at this point that it's moved to progress there forward a little too much to take that step backwards and the world is globally is global there is globalization but you knew corey. melusine melissy are just. argentina brazil. are open of the world but the difference i'm saying. its own policy and the never accept solution people will never accept that its interests its own interests can be decided by somebo

the big question is now europe for what europe for whom is it europe for the banker of europe for trade europe for. business or his it a europe of cities or a europe of social rights and the rest of the continent's watching to knowing that whoever its next partner is a hollywood face is out of the question. yes are still here r t brussels and over that you use future shrouded in uncertainty the i.m.f. chief has now set a goal to protect the world from europe christine legarde wants to erect a four hundred billion dollar financial war all around the block the plan however is short eighteen billion dollars with hopes of the fast growing countries known as the brics group will be able to plug the hole brazil russia china india and south africa all ready to lend a helping hand but only for a bigger say over the international bank i mean that meeting today in washington ministers from the group of twenty into after allies nations will focus on that funding but investment advisor patrick young doesn't have much faith a move will help to save the eurozone in any way. this is absolutely a catac

the big question is now europe for what europe for hoover is it europe for the banker of europe for trade europe for. business oh he's it a europe of cities or a europe of social rights and the rest of the continents watching too knowing that whoever its next partner is a honeymoon phase is out of the question just are still here archie brussels. the ambassador result plan however needs eighty billion dollars more and the bank is relying on the fast growing breaks countries to make up the shortfall russia has pledged ten billion dollars but along with the rest of the emerging economies once a greater say in how it spans meeting today in washington finance ministers from a group of twenty of us realise nations will focus on their funding brazil russia china india and south africa are expected to come up with eighty billion for a bigger sway over the international monetary fund the i.m.f. president christine lagarde was optimistic that a compromise will be reached by the commons and other planning that's vizor patrick young doesn't have much faith above will help save the eurozone. this is

europe? is it in any way being impacted by europe? >> well, europe's dragging us down, but it's not impacting the aerospace business per se. if you look at our aerospace markets, transport being the biggest, boeing and air bus, those drive increase usage also seeing good growth in our military sector as well as business and regional. so aerospace is growing globally. mining business is growing globally. metal demand is very strong. that's a global business spread around asia, europe, middle east, africa, latin america all growing well. again, pressure from europe is only really impacting coatings business and that's what led to i guess a little bit of a disappointment from the analyst expectations. >> there's still concern if you're raising revenue by increasing prices even though volume's down that's not a sustainable way to keep the business growing going forward. >> correct. that's not a good formula for the long-term. point back to the two growth platforms where we saw good volume growth as well as price growth. in the coatings area we saw volumes

europe. europe often dictates what happens here. are you worried that europe takes things off track? that one of the things on the negative side of the column? >> well, we have to be mindful that europe is still indeed smouldering. spain over the last couple of weeks has grabbed the headlines. they are not going to be able to meet their fiscal targets and it's got investors concerned. we're encouraged that bond yields have ep declined and backing away from that threshold of 6% which is a positive. >> which sectors do you want to be exposed to if in fact you buy into the idea that the market is going higher this year? >> well, in terms of our sector allocations, within the u.s. market, we like staples and health care. both are paying a 3% dividend yield and both are good in a slow but steady economic growth environment of two to 2 3/4. >> that's because of the improvement we've seen in the fundamental backdrop? >> yes. >> what about financials? jpmorgan and wells reporting tomorrow. would you be a buyer of the banks? >> we're underweight foongs financials. generally what leads you int

europe for. for. europe for the bankers. europe for trade of europe for. business oh is it a europe of citizens of europe of social rights and the rest of the continents watching too knowing that whoever its next partner is the honeymoon phase is out of the question to answer celia archie brussels and stay with r.t. on sunday for our extensive coverage of the french vote without votes from paris and expert opinion. and the currency crisis. cuts. tragically integration. who will be left standing with the people speech. the french election on r.t. . with the future shrouded in uncertainty the i.m.f. chief has set a goal to protect the world from europe christina guard wants to erect a four hundred billion dollar financial wall around the block the plan however is short of eighty billion dollars with hopes that the fast growing countries known as the brics group will plug the hole and brazil russia china india and south africa are ready to lend a helping hand but only for a bigger say over the international bank meeting now in washington ministers from the gro

europe europe. nhk world, athens. >>> >> those uncertainties never seem to be far away. a leading credit agent has lowered the credit rating in the euro zone. ai is here with the details. >> the spotlight is on spain. the european debt concerns do linger. u.s. cret rating agency standard & poor's downgraded the government's bonds. they reduced their rating to bbb plus on thursday. that's down two notches. that's the first downgrade since january. the agency says the cut is due to spain's economic contraction that was worse that many analysts suggested, suggesting the reconstruction is slow. they say spanish commercial banks may need more support from the government. thspanish bond market h clined recently. this has briefly sent the yields to above 6%. but overnight in new york u.s. stocks extended gains. the dow jones industrial average closed up 0.9% to 13,204. that is a gain for the third day in a row. now, for more let's go to the tokyo stock exchange. this is the latest levels. ra ramin, goomorning to you. a lot of information on this friday wit a big fus on data as well as the bank of japan. >> definitely ai. we had a stream of data comes out for japan just before the markets kicked off. cpi was up 0.2% in march. also unemployment staying at 4.5%. so unchanged there. industrial production also gaining 1.0% and that's the first gain in two months. so quite a lot of information there, and other data comes out as well. we'll see how that plays into the markets. let's look at the opening levels for this friday with the nikkei and the to p ppix there. a little mixed and lower actually. so not really following on from what we saw in the u.s. markets there. that followed strong gains for the earnings here. of course we track how the this plays into the stocks. a lot of market players may be staying on the sidelines ahead of the key bank of japan meeting, which kicks off after the markets close. we get na news conference from bank of japan from the governor. looking at curreies and how that plays into what a lot of market players and analysts and economists are looking for in the bank of japan to take extra measures to weaken the yen, which a lot of exporters are hoping for. looking at the dollar yen 81.04 to 08. you can see the yen has strengthened there to lower 81 yen levels. euro general is 106.95. the euro did drop as the s&p downgraded spain. that's because of euro zone concerns that continue in the marketplace. ai. >> ramin, corporate earnings are a focus in the united states, of course, but also here in japan, isn't it? >> definitely. we've been having a couple of weeks now from u.s. corporate earnings, but japan is really starting to kick off quite heavy load today, specifically some global names such as fujitsu, mazda, hand da and sharp and fuji film. we have numerous holding in the securities awell as the heavy industries and nipon steel as well. quite a lot of different sectors coming through there. i have to add as well monday is a public holiday here in japan, and next week is a truncated week. we have thursday and friday off as well. just two days, really tuesday and wednesday for markets to react from further information from the bank of japan but also further news from the u.s. that we might get later today. so we'll see how it plays in. for now, really mixed opening here for theikkei and the t topix. back tyou,. >> thanks for that update. as he just mentioned in his report, japan's unemployment rate was unchanged in march. the international affairs ministry says the seasonally adjusted jobless rate stood at 4.5%. the number of people without jobs was about 3 million, people with jobs stood at everover 62 million. separately the labor ministry said job varmt improved marking the tenth straight month of increases. 76 positions were available for every 100 job seekers. >>> the labor ministry says the job situation is showing signs of improvement in some areas. a factor supporting this is a pause in the yen's advance. >>> flat moves here on tokyo markets this morning. i will leave you with a recap of those latest market figures. >>> one of japan's most powerful politics has beaten charges he broke political funding laws. ozawa has been a force to be reckoned for many years. however this funding scandal sidelined him, sent him to court and could have sent him to jail. judges in tokyo ruled he's not guilty. prosecutors accused ozawa of conspireing with his aides to falsify accounting records for about $5 million. the group that manages the funds he raised used money in 2004 to buy land in tokyo. he has denied any conspiracy from the start. the presiding judge acknowledged that one of ozawa's former aides falsified the reports. he bievedhe skoefr of the records would hurt his boss's political activities. three judges in all ruled the aide informed ozawa of the report and they ruled he approved of falsifying the document, but they could not determine whether there had been any conspiracy. ozawa says the verdict shows the court's good sense and fairness. court appointed lawyers serving as prosecutors in the trial say they're considering whether or not to appeal to a higher court. ozawa has been a figure in politics for more than two decades, and during that time he's held top positions in both ruling and opposition parties. >> ozawa joined the democratic party in 2003. it was the largest opposition party at the time. he played a key role in shaping a force capable of challenging the government. that work finally paid off in 2009. the dpj scored a landslide victory in the lower house election ending 55 years of almost unbroken rule by the liberal democratic party. but tokyo prosecutors slowed his momentum targeting his political funding. they charged his former aides in 2010 for falsifying an accounting report in connection with with a $5 hill land deal. prosecutors said the money came from a construction company hoping to win public works contracts. >> translator: i'm innocent. i received no illegal donations. >> tokyo prosecutors later dropped the case against ozawa saying they didn't have enough evidence. but an inquest panel challenged that decision. the panel was made up of members of the public. their finding led to an indictment in january last year. soon after the dpj decided to suspend ozawa's party membership. court appointed lawyers serving as prosecutors summed up the case last month. they said ozawa clearly approved of the false accounting and demanded a three-year prison term. the court criticized tokyo prosecutors, describing the investigation as illal and unjust. it rejected most of the depositions by ozawa's former aides linking him to the land deal. ozawa repeatedly pleaded not guilty. >> a democratic party representative says the trial's outcome was expected. >> translator: the acquittal is a matter of course. >> the dpj secretary-general says party leaders will soon begin the process of restoring ozawa's membership but a top ranking official from the main op oppositionally democratic party, it doesn't matter if he gets it back. he's still tainted by scandal. >> translator: ozawa bears heavy political and ethical responsibility, considering three of his former aides were arrested. >> the ldp secretary-general says his party will ask ozawa to testify before the diet about his alleged role in this funding scandal. awa refused similar requests whil his tal was under way. nhk world's political commentator has followed the ozawa case from the start. he spoke earlier with scherrary rishare sherri ann. what impact will it have on japanese politics? >> i suggestspect he'll try to regain political power and use it to push out noda. she suspended his membership after learning the charges against him. i expect the acquittal will push him to withdraw the suspicion. ozawa still controls the biggest faction in the dpj. without his cooperation, it will be very difficult for noda to govern. >> what can a prime minister expect from ozawa? >> the most likely target is the plan to double the consumption tax up to 10% by 2015. noda says the tax hike is necessary to cover the costs -- increasing costs of social security. you know, ozawa doesn't buy that argument. he aiddmits it must come first on the way to an economic recovery. he said the party made those promises when it took power two and a half years ago. so the tax bill faces several challenges. senior lawmakers close to ozawa quit their official positions last month when noda submitted the bill to the diet. many members have already signaled that they will not cooperate. he orders members of the faction to vote against it. then passing the bill would be impossible. then the prime minister would almost certainly have to resign. noda could call the election to ask voters whether or not they support him. his public approval rating suggests that they did not, at least not now. so it will be a very big struggle for him to say the least. >> noda has been in office for only about six months. is there any way he could survive? >> well, noda is trying to win suort from the main opposition liberal democratic party to that he doesn't have to worry about the votes ozawa controls. if noda makes a bargain to call a general election the ldp may cooperate with the prime minister. the party is looking at the public support rate believes it can regain power in an election. in any case noda will not be able to survive or keep power without an election. so you know janese voter may beacin tossibility of having the seventh primarye minister in six years. >> that was nhk world's political commentator. >>> coming up next is the world weather forecast with rachel ferguson. >> good morning. many people across central japan into southern japan enjoying clear skies and sunny conditions today. however frshgs eastern japan towards the north, showers will persist with this very slow-moving system bringing gusty winds as well. things clear up into saturday and commence the golden week holiday. good news there. across the continent things say nice and dry. to the north there's a olympic come low pressure from mongolia. this one will intensify, and so some heavy showers and it will be gusty, too. down towards the south we see clearing and however things will intensify into saturday. parts of gadong province prps yourself for rain and it will be ongoing into the weekend, becoming quite widesead as well. as for indochina, we see spots of heavier rain here tooshgs, too. you can see the oranges extending into northern myanmar and bangkok at 39 degrees for the high on friday and, in fact many cities across thailand are posting temperatures exceeding the 40 degree mark. into north america, we have a storm out of the west. it's spilling into the southeast and bringing with it widespread rain, mountain snow as well as some severe weather. the wors of th storm today are going to be found here across the northern into the central plains. tornadoes not out of the question. you'll probably see large hail with that as well. now, out towards the northeast, things are still pretty fairly wintry today. a mix of snow and rain for parts of new england, and you can see half a meter of fresh snow in eastern quebec as well. as that system pushes out, it will be drier and clearer behind. the lower temperatures remain. toronto, the high is 8 degrees on friday but your friday into saturday overnight comes down to about minus 4. back down below zero once again. having said that down towards the south, temperatures are widely above average. 27 in atlanta, 29 degrees in oklahoma city and 32 in houston, texas. okay. let's go to europe. western and northern locations here have been experiencing some very inclement weather this week, and unfortunately it isn't going to end. very strong winds here have even brought reports of tornadoes to the british isles, something very rare indeed. there's flooding associated with these systs, too, and it's not just the british isles but much of the western continent has been affected. in parts of spain the gusts were so strong that pilots found it quite a task to land the planes. look at this video, you can see the plane is wobbling around in sustained winds of over 65 kilometers an hour and had to take off again and try to land the plane again. it must have been quite a ride for the passengers inside. there weren't any cancellations, but they were planes rerouted because of these very strong winds. unfortunately, it won't change muff into the weekend. we have yet another storm come in from the atlantic and that spread across the west to the north. however, central and eastern loc

europe and specifically what happens in europe after the second world war say the creation of this sort of social welfare state all three of them seem to agree that the welfare state was created in europe is dead now and that in fact it is not all that it's supposed to be european welfare. if you'll permit me to european love more of them i think even united states getting. maybe unique here you're in few months after. so many people live in shark the. three dogs and you're warm don't make too much fun. do you think it's always was a disastrous spirit europe europe is a cultural theme park in significant that's what happened that's what your welfare state it just took us out of the i have had personal experience with a socialist paradise or sweden and i can tell you it is nothing like the other party when it's also it's about his personal experience this week and of course he's talking about the expected result of his extradition hearing sweden's trying to extradite him on allegations of sexual assault that results is still pending so we still don't know whether our songs will get the experience of sweets and. more of the world's news for you now sudanese warplanes carried out airstrik

europe. europe changed my life's in the valley. i learn skills that helped me become a professional and gained knowledge that set me up for success. europe believed in me and taught me the importance of taking chances. i completed the first five months of intensive learning and earned an internship. i learned html and deploy e- mails to millions of people. after six months, responses offered me a job. i humbly accepted it. i went from sleeping on the streets and homeless shelters and no sleeping in my own bed in my own apartment. from the jobless to working full time at one of the top companies in america. europe open my eyes to my full potential. now i have goals. education is no longer -- no longer something at the end of my to do list. it is now a priority. i do not care myself -- carry myself with a shame but with determination. europe is more than an organization that teaches young adults about technology, business, and how to become a professional. this is an organization that changes lives and contributes to making the world a better place. europe was my second chance to live. thank you. [applause] >> so i think this is fair to sa

. >>> and ford says revenue fell sharply because it is having a hard time selling cars in europe. europes inch bigger trouble than we are. great britain slipped back into recession this week. chevron in the east basis they earned 6.4 billion in net income. apple in the same quarter net brought in 11 billion. back to you. >> apple is never easy to keep up with. scott, thank you very much. >>> meteorologist christina loren is tracking a nice weekend in store for us. >> yeah. you know what, it is festival season around the bay area. eggs and butter parade in pat a lum a, and weather will be fantastic up there. we're getting spectacular sunshine, even san jose. what you'll notice about this picture, you don't see a lot of haze in the atmosphere. we have good air quality. that's a result of showers that came through yesterday. that helps the weatherbug. 69 in oakland, of the in redwood city, we're going to see a gorgeous afternoon. temperatures drop like a rock when the sun goes down. as a result, we're talking 58 degrees, breezy conditions as the giants take on the padres tonight at 7:15, at

europe and specifically what happened in europe after the second world war say the creation of this sort of social welfare state all three of them seem to agree that the welfare state was created in europe is dead now and that in fact it is not all that it's supposed to be european wealth for. european love more then i think even united states really wasn't made the unique year you're in few months after. well for. so many people in shark. and don't read too much fun of. agree think it's photos you plus always was a disastrous spirit europe europe is a cultural theme park it's significant that's what happened that's what your welfare state just took you out of the. personal experience with the socialist paradise of sweden and i can tell you it is nothing like you have a party when i was not talking about his personal experience to sweden of course he's talking about the expected result of his extradition hearing sweden's trying to extradite him on allegations of sexual assault that result is still pending so we still don't know whether afghans will get further experience of sweet and well the next edition of the show on air here tomorrow much anticipated as it is. the u.n. is bolstering

europe and the impact of the united states. has anything changed in terms of the fear coming back into this market that europe's problems will become the u.s.'s problems? >> europe just received a pretty big bailout. it's up to about a trillion euros. >> of course, everybody is wondering whether we're going to get a stimulus pack kanl here in the u.s. it seems when there's an expectation of qe 3, then there will be no stimulus. >> remember, we've been down four days in a row. remember when we started this decline, that's when the fomc came out with the minutes. the market started drooping and a disappointing jobs report and yields have been moving newspaper spain as well as in italy. we have three or four events going on. the only thing i would point out in terms of what is going on in europe, europe has been down 8% in the last couple of weeks. we're only down 4%. i would say that our economy is clearly doing better and alcoa is going to help our markets tomorrow, i can assure you. a lot of people were citing jittery. they are starting off on a high note. i won't call it decoupling. >> brian sullivan, how could you be surprised by a sell off when we're talking

europe, but i'll be happy to answer any questions you have about the united states or the broader global economy. europe is of course a key strategic and economic partner of the united states, and we have a huge stake, huge economic stake, huge national security stake in the success of europe's efforts to contain its crisis. our economy, as you acknowledged, is gradually getting stronger, but we still face a lot of tough challenges ahead as a country. as you know, in early 2009, the u.s. and the global economy were facing the clear and present danger of a second great depression. and we acted with the federal reserve and with congress to pull the u.s. and the world economy back from the edge of the abyss. we successfully stabilized the financial system and restarted economic growth. over the past 2 1/2 years, despite the crisis in europe, despite the rise in oil prices early last year, despite the disaster in japan, despite the huge damage to confidence in the united states caused by the threat of default on the u.s. government's obligations for the first time in history, despite all those challenges, our economy has grown at an average annual rate of about 2.5% over the last 2 1/2 years. the private sector has added nearly 4 million new jobs. private investment and exports

europe is freedom. >> europe and freedom. for both of them, the concepts and hand-in-hand. >> it has been a long journey from eastern europe to i am also deeply moved by president barack so's recollections of his youth in a different time -- president barraso's recollections. "tough times, europe needs to pull together. >> berlin's third annual youth summit on integration has come to an end with a lot of optimism in the air. 100 young people from across germany met over the past two days to discuss how to better help the children of immigrants feel they belong here. high on the agenda, making schools and workplaces more sensitive to the needs of students from different backgrounds. >> 100 students were asked to come up with ideas to help immigrants better integrate into german society, and their suggestions should be as concrete as possible. >> i am calling for an honest job of occasions so that migrants are not discriminated against based on their names. >> my name is felix. i am calling for enter-cultural awareness training for teachers. >> i am calling for germany to recognize that when citizens -- we are citizens of equal

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