belgium may be working together a different euro for the future but i think the euro in its current form will collapse you cannot push water uphill you can't make pigs fly you know your own really is fundamentally unsound it goes back to the point i made that you're trying to force very divergent economists together germany is very powerful doing very well with its exports greece's very weak spain is very weak it has been has one an odd million homes unsold it's in serious trouble as is our and you cannot force all these countries and economies together and force them into this this euro it doesn't work and let's talk about sustaining it which of course is the newest member at the. just at the beginning of the yeah and they're all posters up in estonia comparing the year rates of the titanic and comparing the staging sites and what's going to happen to countries like that well i fear for a study i mean you know good for a study is actually successful economically it's not going to have bosket case but i do worry for them i think it could be the shortest lived you know membership of the e

the collapse of the euro with a measure of but europe is the u.k.'s biggest trading partner wouldn't it be a huge blow for british prosperity if the eurozone were to fall apart there will be a big economic cost for all of earth's our banks will be hit in the u.k. and i don't welcome but i think politically it will liberate these countries to have their own currency is they will be able to float there will be able to get their economies moving again the moment they're stuck in a free within the straitjacket we call the euro many are saying that we've only seen the beginning of protests against austerity measures on the streets are you one of them or do you think it's going to fizzle out in two thousand and eleven i think it will get worse and i do fear you know you have some extreme problems in greece in spades in portugal very high unemployment where like in spain you're almost approaching you know one in every two young people is unemployed that is not sustain.

could 2011 be the year the euro falls apart? george osborn told european finance ministers that the bureau needs to get the house in order. >> here they come. ed >> no. >> wellcome. >> it is just nine years since i've watched the first notes, now in the middle of a euphoric crowd. now the euphoria has stopped. ed there is a credit problem of the court. last year showed the fold, bailout, and contagion. the pictures showed anger and unrest. will this be the make or break year for the -- the euro? >> europe's problem countries are still giving cause for concern. greece is struggling to meet the conditions of the bailout. social unrest is rising. ireland -- its banks have been facing penury for a generation. the country everyone is worried about now is spain. over the next three months, spain and portugal have to raise 225 billion euros on the bond market. both countries have been downgraded by credit agencies. spain's problem is not its deficit. it is lack of growth. high unemployment. a collapsed housing market. shaky banks. spai

and he had strong words on the euro. >> the message on the euro is very simple.t is of such importance that we will be there whenever it needs to be defended. the consnsuences of it failing would be so cataclysmic that we can never entertained the idea. >> the debate over how best to solve the european andndebt crisis continued in davos. on the one that, those that are arguing for more money for the and that it be used its common on the other are those is that the rescue deal agreed to is big enough to the other, the german government and many german companies. >> i think it is sensible not to simply keep throwing cash at the problem, but rather, lack of concrete conditions. long-term, it is better for stability and more important than simply jumping in brought -- blindly and unconditionally. >> german chancellor angela merkel is expected to arrive in davos on friday, and the debate over the single currency will likely continue. >> dw-tv's vanessa fisher is in davos and was listening to president sarkozy's speech. i asked if he presented a convincing defense of t

the fear that more euro zone economies will crumble has cost the euro to plummet in value. how will this ongoing anxiety continue into 2011? in the last piece in our four-part global economy series, we focus on the eu. even though greece and ireland were bailed out, credit anxieties remain for portugal and spain. what can we expect from the eu economies this year and what impact will this have on asia? let's start out by taking a brief look at recent developments in the euro zone. >> reporter: estonia adopted the euro on january 1st, making it the 17th state to introduce the single currency. not all estonians were happy about the move. a key cause of concern is that the euro zone is still reeling from a series of debt crises last year. in may, a credit crunch led to turmoil in greece. and in november, ireland faced a financial crisis stemming from bank debts. both countries had to be bailed out by the eu and the international monetary fund. concerns continue that portugal and spain might be hit next. with trust in the single currency undermined, the euro plunged against the

really go shaking the dept or leaving the euro together so why shouldn't we just really go she at the depths before going to the i.m.f. i am feel that's at a given point one of these countries that are in the firing line greece and then ireland or not who have to do something different from. the from the draft that's been given to us in order to make you know opened his eyes of the of the european commission and the big european powers in order to say that we have to so what we have to solve is this additional weaknesses of the euro they have said in december they will do everything to save the currency they have done nothing where are zero bonds where is steps towards a common treasury where are these you know foundations of the euro that will go towards fiscal union fiscal fiscal federalism that's many. people have suggested that there were much new that shocked a lot has said many people have said it and where are the steps towards taken towards do the portuguese do their guts but what do the simple powers do ok mr roots various member of the european pot and many times even to us

euros in damages. that is the bill so far for the unrest in to me show, according to the fince minist -- indonesia -- in tunisia. it may take some time for normality to return there. >> the prime minister announced the transitional government on monday afternoon. many key posts will go to ministers who have already served under the ousted former president. he said he would order an amnesty koran -- opponents and a crackdown on corruption. that may not be enough to quiet passions on the street. hundreds of protesters have been demonstrating in the capital, tunis, and all day. police fired tear gas to break them up. most people blame the governing party and the premiÈre for the situation. >> they are liars, criminals, and murderers. how can you support someone who supported a dictatorship? >> the prime minister has brought some opposition to the government, but once exiled opposition leader has already branded the cabinet a farce. in some parts of the city, people have been stocking up on food and other

sentiment in that country perhaps germany should just go ahead and drop the euro altogether. well maybe we should all just drop the euro altogether i mean we just see today which is quite ironic on the very day that the finance minister and leading prime ministers of our countries are to discuss through even the large this bailout which for the from the beginning has been a catastrophe fatal mistake we see that this some of the leading finance houses around europe barclays. goldman sachs and others are actresses suggesting that we should never bail out countries like greece ireland portugal and so on primarily because it won't help because these problems are due to the lack of economic reforms in these countries secondly because there is no reason why we should continually be paying banks with taxpayers' money not to mention china and japan who are now on the belief that we will continue to. german taxpayers monies into these sound european countries that they can benefit economically on that project this is simply the time to say that this vision has failed and therefore we

and he had strong words on the euro. >> the message on the euro is very simple.t is of such importance that we will be there whenever it needs to be defended. the consequences of it failing would be so cataclysmic that we can never entertained the idea. >> the debate over how best to solve the european and debt crisis continued in davos. on the one that, those that are arguing for more money for the and that it be used its common on the other are those is that the rescue deal agreed to is big enough to the other, the german government and many german companies. >> i think it is sensible not to simply keep throwing cash at the problem, but rather, lack of concrete conditions. long-term, it is better for stability and more important than simply jumping in brought -- blindly and unconditionally. >> german chancellor angela merkel is expected to arrive in davos on friday, and the debate over the single currency will likely continue. >> dw-tv's vanessa fisher is in davos and was listening to president sarkozy's speech. i asked if he presented a convincing defense of t

she called the euro single currency the foundation of german prosperity.erkel also highlighted germany's achievements in wuthing recent onomic challenges. >> germany surpassed most economic forecasts this year, and angela merkel looks back on a successful 12 months at the beginning of her new year's address. >> germany weathered the crisis that -- better than almost any other country. we achieve what we set out to do. we have emerged from the crisis stronger. >> unemployment is the lowest since reunification two decades ago. looking ahead, however, there is still concern about the security of the euro. according to the chancellor, the contribution to peace and freedom in europe means its value isthan just monetary. >> the euro is the foundation for our prosperity. germany needs europe and our common currency for our own well-being and to respond to challenges around the world. >> germany's military involvement in afghanistan remains a major challenge. merkel paid tribute to members of the german armed forces, especially those who lost their lives. >> our s

a trillion euros short of that proves that many members of the euro zone of their to express unity to make sure the euro zone stays buoyant and critics like you quads and it's showing another month of unity and it will survive. wonderful belgium is absolutely broke the broke the portuguese it broke the spanish it broke the greeks it broke the irish the brogue they're all talking up a very good story but at the end of the day there's only anybody in this there's only one person in the game here with any money and it's the germans and so therefore then what has your economic recipe to you saying that obviously the bailout plan isn't working and the euro isn't working so the euro should be ditched by all of the countries in the in the eurozone. what is plain to see that nothing's actually working the only thing that was working at the moment is the german economy and the dutch economy and some of the coal come true is everything else is going badly wrong as i said it would do ten years ago when i was a guest lecturer at cambridge university this whole concept is absolutely absurd you can

around the world about the survival of the euro.f course it has been tested. you are committed to keeping the euro in place, yes? >> well, i mean, i'm used to this remark because, you know, before the euro was created, a lot of observers were suggesting that it was impossible. after it was created, a lot were suggesting that it would be a technical failure. and even years afterwards, it was suggested it was absolutely impossible that this currency would be credible, and that monetary union will deliver price stability. we have delivered price stability over the first 12 years of the euro. for now we're 331 million people at the level of our definition of price stability, and better than in the previous 50 years. with the various economies and various central banks that are making up the euro. so yes, madam, the euro is there. >> how difficult has it been to manage the various differences in terms of the economic mentalities throughout the eurozone? >> well, i have to say that of course it's an immense economy, like the u.s. the u.s.

to save the euro to strengthen its position in the european union. what they're doing what they're doing by increasing the bailout and by carrying on this lunatic policy of buying their own debt and then after last week's options in portugal patting themselves on the back i was not wonderful having the options going well but in fact all they've done is by their own debt so you know they will go on doing this they will do everything they can to keep this monetary. but in the end the fundamentals will prevail and it's not going to work and you know i look at countries like greece portugal and then i look at a country like iceland iceland outside of the they took their. big hit they had a massive devaluation of their currency fell by about eighty percent in value in a few weeks but now. two years down the track see the iceland is headed back to. the currency is now saying there has to be a bust here. is. that it's about time we woke up to it well while clearly there seems to be a division on how to handle this crisis in the u. we've got china's the pled

the commission has suggested or demanded that all of the euro countries now show have their. accepted in brussels before the national parliaments can discuss the budgets you can only have a common currency if you have a common economic policy that was never promised so much they were told to before. the introduction of the euro that was the first lie now is being demanded to greece portugal ireland italy and so on that they must strengthen their economy they must do whatever is done in germany and those countries who are paying them out well that's of course the southern european countries don't want to make that kind of reforms that's why you see the the riots in these countries and the germans are fed up paying other people's bills that's why you see the riots there so the solution obviously is simply to stabilize some realities to say we have two different economical shown in you so we cannot have one currency we should at least have two different currencies in the euro zone maybe actually sixteen which we have to ten years ago. ally europe mauls over its economic woes chi

struggling economies but you're skeptics say the single currency is broken beyond repair the several euro zone members albro. to these reforms a new national unity government in days after wide so widespread protests that the previous president into exile look at why you're sitting on the development is seen as a key to make because once again. the nature of. the toxic tourist trap claims that nato is dumping poison it including depleted uranium in the toilet adriatic sea with silence for the alliance and the italian government . dead. you're watching r t coming to you live from moscow six in the morning here welcome to the program euro zone finance ministers are meeting in brussels to discuss further boosting the e.u. bailout fund which was set up only last year now the european commission and the european central bank want to deepen the fund saying it's currently too small if larger eurozone members like spain it need help well belgium's finance minister did a ranger said the emergency pause should be doubled to one point five trillion euros however germany has so far ruled out any subs

for those who wish to wage against -- or wage against the euro and against the euro, be careful how youinvest. we are determined to ensure the strength of the euro. in a structural manner we have different things. 17 countries have to be -- got to agree. i admire president obama because when he takes a decision, he has to get the white house and the congress to agree, but we in europe -- when we take a decision, we have to get 17 peaceful countries to agree with different editions and histories. and often in that situation of urgency -- now, what we've done is to set up a mechanism to defend the euro. what we did to greece we had to do very speedily, very fast and that is what enabled us is to support and to come to the rescue of the countries that were under attacks and the countries that were under attack. and chancellor merkel and i would like to go even further because both of us believe very firmly that we have to further, deepen and intergrate economic policy in europe in a spirit of coordination and competitiveness. professor schwab what i would have to see on the euro is a very

unity within the euro zone is evidence of that that the euro is not going to be saved just pulling good money after bad money or poorly spent money very construction of the euro is a failure because we have tried all the federalists have tried to unify something which is quite clearly. so different that economies cannot be integrated fully and that's what we are paying the price for now you can only have a common you're a common currency if you have the same financial policy that's also why the commission has suggested or demanded that all of the euro countries now shall have their budgets accepted in brussels before the national parliaments can discuss the budgets you can only have a common currency if you have a common economic policy that was never promised it was never told before the introduction of the euro that was the first lie now is being demanded to greece portugal ireland italy and so on that they must strengthen up their economy they must do whatever is done in germany and those countries who are paying them out well that of course the southern european countries don't want

to 5 billion euros.vernment officials say the contacts are said to be signed on friday in berlin. companies in the energy, environmental, an agricultural sectors are also hoping for increased business in china. in thezfirst nine months of 2010, germany's exports in china totaled 29 billion euros an increase of almost 50% from the same time last year. during the same time span, china delivered goods worth a total of 55 billion euros to germany. the chinese vice premier is promoting china as a huge future market. many chinese have yet to benefit from the count's economic rise. so in the coming years, beijing wants incomes to rise sharply, which would generate massive consumer demand. >> many of china's 1.3 billion people have yet to benefit from the country's rise to economic power. our number cruncher reveals more. >> 700 million, that is how many people in china live in rural areas today. that is more than half the total population. farmers have seen little of the benefits of the country's rise as a glob

[laughter] and the euro -- the euro, the euro at the moment is undergoing difficult times because greece has got a financial problem. it finds it difficult to get tax revenues in, and it's got a big public sector. spain has got a different problem. spain has got banks that really were overlending, particularly in the property sector, something that happened in america and particularly also in ireland as well which has got a huge problem because it overbuilt property, and it's got huge bank debts as a result of them lending money to property developers who could never pay that money back. and you've got portugal which has got a lot of private debt that is owed to people outside the country of portugal itself. and people are then asking, well, if you've got all these problems with the euro and you've got to have all this help for individual countries, can the euro itself survive? >> -- i think it's got to survive. i think once you've made a big decision like creating a single currency, you've got to make it work. and there's three things that can be done to make it work. we've got to bring

it is extremely dangerous as we've seen with the euro to force such divergent nations together i think the tensions you create economic and political opera fairly dangerous i think person i think the euro will collapse and soon i think it could be down really february could collapse you i mean really you cannot i saw the strange rate mechanism the forerunner to the euro you cannot buck the markets as mrs thatcher said at that time and affectively what's the e.u. is trying to do with this massive bailout package seven hundred fifty billion euros is to try and buck the markets but you can't do that you national governors never have enough money to actually out maneuver and out bid a bond markets or private markets they have more money available. and it's not going to work. china has confirmed as conducted a successful test flight of its new stealth fighter it is now the third country to put a stealth prototype into the air following on the heels of russia and the u.s. but a technology strategy analyst told r.t. that china has a long way to go before it can boast having a next generation

the ruble has jumped to twenty two month high against the euro to one. its target basket the currency was up more than two percent against the euro in the first trading day in russia after the long holiday and the list suggests local investors some of the pet trading money amid concerns that europe's debt crisis will worsen the ripple was it will change the post although. it's not so much to worry about the rule boards for the main. book i don't see why door in your. so one on one can speak with the door is going to be weakening at least the first quarter of this year on the back of it will get into going to get stronger to the point where russian central bank upgraded to appreciate. some people called thirty or even twenty and seventeen as a benchmark for the first three months. and russia's inflation totaled one point one percent in december with the overall price increase for the hitting eight point eight percent that's the same as last year but it's a slight official forecast of eight point five percent the government increased its projection during

the euro is trading right now for one u.s. dollar and3 cents. wall street was still closed the boss of apple said that he was taking medical leave. the reaction on tuesday was striking. this is the first time he has said to take time off for health reasons. traders are worried about the long-term future of apple. shares are currently down 2%. china continues to expand its global, financial, and economic influence. they lend more money to developing nations over the last few years than the world bank. china led the equivalent of 82 billion euros to emerging countries. in return, beijing returns a guarantee on soyoil supplies. here they come. watch out. >> as the fallout from the contaminated feed scandal in germany continues to grow, the agriculture minister has plans that he says will improve food safety. workg in cooperation with the 16 state agriculture ministers, it will increase penalties for companies that do not comply with regulations. >> a rubber chicken. to these protesters it is about as palatable as the contaminated eggs and poultry d

was europe and europe was about peace and therefore euro was the fundamental. step to keep you know harmony in europe he recognizes i think that you know keeping the euro alive is not easy because you have to coordinate the effort of many many different countries. and so. he didn't go into the details of what is going to be what is going to take to actually enable all these other regions to deal with their common currency and i think there will be a lot of the work that they're going to have to deal with in the g. twenty but i think what we saw was a very very strong statement around the euro and for the foreseen foreseen it will future or life in the annual economic forum in davos switzerland that's above your general partner bolton and. thank you. thank you but the american economy is growing and corporate profits are up and that's the optimistic assessment that barack obama made in his annual state of the union address but as artie's christine found out if obama said we measure progress by the success of ordinary people there's little ground for optimism. yo

the euro is trading for $1.25.head of the european central bank has dismissed fears about recent inflation in the eurozone. he said he expects prices in the monetary union to remain stable. he was speaking at a meeting of the german party. he repeated calls for euros and governments to get their finances in order with the help of tighter fiscal policies. he believes the current rules do not go far enough to prevent of the debt crisis that hit greece and ireland last year. the world's largest consumer electronics trade fair is currently under way in las vegas. the latest gizmos include internet-connected and 3-d television and a new home entertainment platform. most sector eyes are on tabla computing. >> the latest tablet is attracting interest. it is the first to run on the google and. operating system. android was originally developed for smart phones. motorola hopes the new template will top the apple ipod success when it hits the market in february. 50 million are expected to be sold worldwide this year. >> ther

euro zone governments. of the e.u. bailout fund which was set up last year the discussion on whether to boost the facility took place at a two day summit in brussels the european commission and european central bank want to widen the if struggling euro zone. finance minister wants the one point five trillion euros. the biggest. increase. of the european parliament and leader of the independence party says the whole idea of the euro zone was wrong from the very beginning. i think what they're doing here is they're reinforcing failure at the end of the day like greece and portugal. should never of joined the euro in the first place trapped inside the economic. policies that. build up in the morning. and this really is a tragedy because these people. we have. actually killed on the streets. if they hold the eurozone together. those countries are going to get worse and what it really needs is a frank assessment which is there is an argument. with germany holland and a few countries possibly france as well but there is an o

for struggling economies euro skeptics say the single currency is broken beyond repair the several years of them first broke. forms a new national unity government just days after the widespread protests of the previous president into website and look at economic development is seen as key to making the country once again a beacon of stability. and a toxic tourist trap claims that nato is dumping poison glue the depleted uranium. to see me to solve that's really a lot instead of government some local seven fishermen here to have the first. waltz of all business forward to take a closer look at who will be the big winners from the huge share swap deal or. meet in a multi-billion dollar partnership between the russian architects and. you're watching r t two in the morning here in moscow a very warm welcome to you now euro zone finance ministers are meeting in brussels to discuss further boosting the e.u. bailout which was set up all the last year well the european commission and the european central bank want to deepen the fund saying it's currently too small if a larger eurozone members l

the euro is trading for $1.33. the german unemployment rate ticked higher in december, surprising many investors. the upturn was largely due to seasonal factors like the sudden cold snap. the latest figures show unemployment figures running at 7.2%. >> germany's federal labor agency was satisfied with progress. overall development had spent positive despite the slight job -- slight drop in the jobless rate. >> the increased to 3,016,000 does not based on economic conditions but on the early winter weather. >> the weather has been largely responsible for job cuts in the sectors. but plant and machinery manufacturers are reboundg after the financial crisis. >> we had a strong economic upswing dominated by strong foreign demand. in the meantime, all the data shows this -- domestic demand has picked up significantly. that benefits the labor market overall. >> as the economy continues to improve, the labor minister expects a corresponding improvement in the job market next yea >> consumer prices are moving private -- ar

blue chips on the euro stoxx 50 finishing at 2954.ew york, the dow jones also down, 1.3% lower. on the currency markets, the you're trading at a value of $1.30 cents12. china says it will help boost global consumption of goods by doubling imports over the next five years. major industrialized nations, such as the united states, have urged china to help rebalance the global economy by boosting domestic consumption and cutting its reliance on exports. the pledge to increase imports was made by chinese commerce minister and the world economic forum in davos, and also said chinese companiewould be encouraged to expand abroad. that is your look at business. >> thank you for that. the suicide bombing at a supermarket and the afghan capital kabul has killed at least nine people. the blast tore through a supermarket near the british embassies in the center of the cities. three foreigners were among the dead. two insurgent groups of claimed responsibility for the attack. observers say violence in afghanistan is at its worst levels since the ov

there were ball has jumped to a twenty two month high against the euro and to one.its target basket carson was up more than two percent against figure only the first trading day of russia after the long new year holiday analysts just local investors are petrified money and concerns that debt crisis will worsen the ruble was little change against the dollar. it's not so much story about the rule boards for the main. book on systemwide door in europe. so while one one one can speak away the door is going to be weakening at least the first quarter of this year on the back of that will get into going to get stronger to the point where russian central bank upgraded to appreciate. well some people called thirty or even twenty and i am serving today as a benchmark for the first three months. deposit interest rates are continuing to decline in russia as people add to their bank savings the average interest rate among the country's top ten lenders is now eight point twenty five percent bank deposits current to move in two hundred million to billion dollars last year russia's

the ruble has jumped to a twenty two month high against the euro and to one. its target basket the currency has continued to appreciate on wednesday after jumping two percent against the euro on tuesday and that suggest local investors saw the money and become so slick your debt crisis will worsen the rubble is little changed against the dollar. it's not so much story about but all boys for the main will book out on six white door on your own. so while one by one can't speak away the door is going to be weakening at least first quarter of this year on the back of that will get him to go to get stronger to the point where russian central bank converted to appreciate . well some people call thirty or even twenty nine seventeen as a benchmark for the first three months. deposit interest rates are continuing to decline in russia as people add to their saving to banks saving savings the interest rate among the country's top ten members is now eight point twenty five percent on the average bank deposits kerttu more than two hundred ninety billion dollars last year a

the average deficit of the euro zone was only 7.5%. the u.s. national debt will top 110% of gdp in five years. above the advanced countries average of 80%. the new republican congress promised its tea party followers to take back washington and cut spending. new rules say every spending increase has to be matched by a cut. tax cuts don't have to be paid for in the same way so taxes can go down but are unlikely to go up. there is little support in or outside congress for social security which takes up a larger share of the budget. if this were any other country the bond markets would have taken flight a long time ago. but the u.s. is special. >> investors are becoming anxious u.s. fiscal policy appears to be directional list. it is clear congress is gridlock. it will be hard for the deficit to come down sharply. that always unnerves investors. it takes a lot of problems before investors will ditch the dollar. >> america is still special for now but one lesson is something cannot go on forever and it will stop. things can get messy very fast in f

independence party says the whole idea of the euro zone was wrong from the very beginning. i think what they're doing here is they're reinforcing failure at the end of the day countries like greece and portugal and possibly. should never of joined the euro in the first place trapped inside of economic growth with a whole set of policies that don't suit their circumstances and i think the more we build up. the more in effect we're pouring. and this really is a tragedy because these people. you know we have mass demonstrations we have. we've had legal actually killed on the streets. if they hold the eurozone together. in those countries are frankly going to get worse and what it really needs is a frank assessment which is there is an argument. with germany and luxembourg and holland and a few countries possibly france as well but there is an optimal. can work together for the north and south of europe to be stuck inside a monetary union is never ever going to work but nobody inside these institutions wants to face up to the e.c.b. buying up its debt and now with this with thi

should never of joined the euro in the first place trapped inside the economic prism with a whole set of policies that don't suit their circumstances and i think the more we build up. the more in effect we're pouring. and this really is a try. because these people. you know. we have mass demonstrations we have had people actually killed on the streets. if they hold the eurozone together. in those countries are going to get worse and what it really needs is a frank assessment which is there is an argument. with germany holland and a few countries about possibly france as well but there is an optimal. can work together for the north and south of europe to be stuck inside a monetary union is never ever going to work but nobody inside these institutions wants to face up to the e.c.b. buying up its debt and now with this with this half agreement in brussels that the stability of doing the same thing you know you begin to ask yourself a year or eighteen months down the track will the european central bank itself actually be. a liquid functioning. all we are doing here we're reinforcing fail

euros in damages. that is the bill so far for the unrest in to me show, according to the finance minister -- indonesia -- in tunisia. it may take some time for normality to return there. >> the prime minister announced the transitional government on monday afternoon. many key posts will go to ministers who have already served under the ousted former president. he said he would order an amnesty koran -- opponents and a crackdown on corruption. that may not be enough to quiet passions on the street. hundreds of protesters have been demonstrating in the capital, tunis, and all day. police fired tear gas to break them up. most people blame the governing party and the premiÈre for the situation. >> they are liars, criminals, and murderers. how can you support someone who supported a dictatorship? >> the prime minister has brought some opposition to the government, but once exiled opposition leader has already branded the cabinet a farce. in some parts of the city, people have been stocking up on food and ot

zone from january first is tony now have to contribute eight hundred million euros to the e.u. solidarity found that will be partially used to month in our lands lavish social programs and only three the arrangement will keep reach countries reacher and their poor neighbors who are. fair tourists. to. this. because. sixty three percent for. you know. one hundred twenty or even more want to stone you join the european union in two thousand and four most of. the membership is their ticket to perspire achieve the country drastically cut social spending to feed the e.u. requirements a move that provoked little public discontent historians just tighten their belts and according to the country's finance minister they're ready to do it again this time to lead the irish continue wearing their cloth loose. you can avoid obligation if you're. taken to the club if you're some or if we are and inviting smile this group has become a poster child for stoney's inclusion into the euro zone but the reality of this move is proving far less alluring the average unemployment benefit in our line is

it costs around 12,000 euros, which is a lot in a country where anyone earning over one calcined euros per month is considered a good learner. -- 1000 euros per month is considered a good earner. >> indians do look forward to the german brand. >> some 2 million cars are sold in india every year. that number is set to increase. the german cars make up only a small percent of the market, the sales figures are increasing annually. >> across the board, a car is the biggest item after your house th showcases your status. therefore, it is very important to have a car that reflects your position in society. the buying a good may, en though it is slightly more expensive, makes a statement about -- by being a good make, even though it is slightly more expensive, it makea statement about you. >> less than 1% of the population is affluent, with some prepared to pay up to 200,000 euros for a card. >> their wealthy, well-informed, loyal. this is exactly the group of people we are targeting in india. >> meanwhile, a hindu priest is waiting in the showroom to bless e new customers new vehicles. it is

the euro stoxx 50 is also higher. on t crency markets, the euro is trading at $1.29. bad news for german motorists. the price of petrol is up. crude-oil is at a high. prices in germany for patrol have not been this high since 2008. they say it is to to the destruction in the trans alaska pipeline. in the u.s. car industry -- due to the diupti to the transatlantic a pipeline -- trans alaska pipeline. and the u.s. car industry is doing better. >> 2 million midsized cars are sold in the u.s. each year for volkswagen's competitors mostly. >> a lot are fairly rational, in terms of the features, the value that the offer. that is a good starting place, but with the volkswagen brand, with our german engineering, with the added value that that brings, we can bring some more excitement. >> passat will go on sale in august, made at the tennessee plant, but it will have fewer features and a smaller price tag. german car makers want to build their position in the luxury and high-performance segment. bmw has a big new convertible. >> premium cars are very important in this market.

the new year brings a new currency to estonia as the baltic states become the latest member of the euro zone but many think it's so cool it's not the celebrating of her time about. a very warm welcome see this is r.t. live from moscow with me alex habits at least three people have been killed after a regional russian airliner a court of exploded at an airport in the western siberian city of sort of boot. the nation's developments. first of all the incident happened around one pm mosco time in so good the plane was seconds away from takeoff it was ready to take off for moscow when one of the engines has caught fire and what happened afterwards actually was heading and chaos on board among more than hundred passengers on board were members of one of russia's most famous pop groups and they have actually already spoken about what happened they were eyewitnesses of course they said that first black smoke filled the cabin sparks went flying everywhere people of course started panicking climbing literally over the heads of one another in order to get out of the passenger's cabin authorities w