dollar and the euro that meanwhile the euro is higher again continuing to gain against the u.s. dollar now he's saying a six day high meanwhile european stocks managed to maintain that we rally that has investors bet that the u.s. federal reserve will unveil a new round of bond buying in a bid to support the economy u.s. stocks are now mixed up some of the constant speculation that the federal reserve when its bond stimulus measures. mike has continued talks on the budget right now much as you can see investors seem rather on convincing us that one basis point. and a new life begins for us is a lot of causes or not the son has signed to do a vast ross technomage is corporations take control of the russian call micah the companies are creating a joint venture where we're not the sound will get. fifty is that one said by twenty fourteen while providing another seven hundred fifty made dollars of investments all teased me to my bank and caught up with had i not the son assaulted by asking how much money the conglomerate's has already spent on the troubled person brown's. direct inv

not a member of the euro zone and i do not intend to become a member of the euro zone so i think it's important to distinguish between what needs to be done by the eurozone members to stabilize the euro zone and find its way through some of its difficulties and the wider objectives of the european union as a whole which focus very strongly from an economic point of view on the single market and what do you think needs to be done by the e.u. members to to tackle the issues that they're dealing with now in the top of the single market or about the reserve it is very important distinguish between listed i am talking about the eurozone and the problems that that is currently facing throughout the euro zone and this is the euro zone is seventeen member countries and we would believe that it is important to increase the degree of fiscal coordination to move towards banking union and to generally stabilize the markets within the euro zone but we're not a member of it and it is for the eurozone members to address the problems we are clearly interested in the should happen because as i say we

i am getting 50 euros less. my wife is getting something now, so i only get 440 euros. >> tobacco is the main crop year, but next year, subsidies are to be cut. this man says he has only 2000 euros left a year, and petrol now costs three times as much as before. >> money? what money? 1 kilo of this cost me two euros and 50 cents for pesticides and fuel, and we only get four euros for a -- it. >> the mayor says unemployment is also high in the nearest city. >> we've had problems with heating in recent years in our schools and in our community hall, but particularly in schools. >> overall, there are just 57 school children here and in the neighboring villages. most of the other residents are pensioners. the population has shrunk as people have left to seek better fortune elsewhere. >> the children have gone to the netherlands. there's no work here. >> the problem is our fields are too small. we cannot plant anything else other than tobacco, like wheat. >> but all the villages are glad for one thing -- they have en

he made over 200 million euros. now, many of his fellow greeks are looking to follow in his footsteps, and he can see why -- not only does he love the beautiful swiss countryside and the country's efficiency, he also appreciates its low rate of taxation. >> it is not illegal, but morally unacceptable that in some comfort -- countries, you have to pay 50% tax. anybody who wants to have a good quality life -- i find it proper no more. it has to do with tax. >> tax regulation is especially business friendly, which is why thousands of businesses are headquartered, at least on paper, here. a growing number of greek businesses are here as well. christoph knows why. he has just helped a company set up business. in switzerland, the corporate tax rate is just 5%, compared to 20% in greece. he shows colleagues how he said it up. tax breaks are one of several factors that make switzerland highly attractive to businesses. >> if you base your business here, you are in good company, international company. there is a host of inter

and the fate of the euro in the three way should. credit banks still call nine hundred seventy three hostages freed off to a five day siege but the victims slammed their rescue us to saving them. both defending and praising the terrorists. one hostage kristin even falls in love with one of the villains and dumps her fiance when she gets out. it's silly portugal greece and spain have full blown still colm syndrome finds a study hall stitched to crippling that bankers coerced for the loans and dependency and a terrifying twist the state's so-called rescue as the same as the whole stitched take because first greek premier papademos then it's a nice moment see elected a multinational because full stints of power don't call us and thing us develop the theory he joins us now why did you call it that. is because i can see there that governments are kidnapped by the s.p. kool-aid equality the people and. they are not defending that. we can see that greece and spain mainly because. instead of. being able to work on our. ways to go out of cris

in a 50 billion euros were freed up on thursday for athens -- >> the 50 billion euros were freed up on thursday for athens. >> there are some who believe it is nothing more than a band-aid. >> emotions spilled over as workers tried to storm a meeting between greek and german officials today are angry over layoffs that are part of broad austerity measures. greeks see the reason to believe next year will be any better. >> they may receive the tranche, but it would be spent in a few months. we will soon be asking for more money. i don't see how that will help the economy. >> one minister remains hopeful, consulting with his counterparts on how to get the economy back on its feet. >> we want to work together to organize a support fund to promote economic growth in greece. >> but that would require attracting private investors. to do that, greece must first settle it unpaid bills. >> of the 9 billion euros that greece still owes, we will pay back everything by 2013 in accordance with the troika deal. >> so, for now, greeks can breathe easier. eurozone finance ministers approved another roun

ruble it has lost around three quarters of watergate and on monday against both the dollar and the euro now on the russian markets it seems not a creature was stirring not even a mouse russia traditionally celebrates christmas on the seventh of january so tuesday was a working day but because it was pretty much the only market trading very little activity and thus the flat and mixed results but lukoil managed to gain around half a percent now the company managed to acquire the license for the last of the major oil fields in russia the company paid one point seven billion. dollars for the field in west siberia the field which was discovered back in the soviet times almost two hundred million tons of no known oil reserves and therefore bears the status of the federal or field russia's pipeline monopoly trans never has launched the final phase of the e.s.p.'s the siberia pacific ocean well pipeline it will now directly send from siberia to asia the multi-billion dollar project that has worried the e.u. as it is a sign that russia is turning more towards the east in its energy strategy that

loop oil has been discovered in greece's tax system embezzled money amounts to twenty eight billion euros per year that's equal to fifteen percent of the troubled economies g.d.p. now the international monetary fund is blaming businessmen government officials and even actors for neglecting to pay what they owe the country but apparently the fund believes it is impossible to return all of that money and suggests a write down fifty percent of it now while also adopting a law to automate the system deducting the from the embezzlers a bank account. of what's happening on the markets which we actually managed to show a bit earlier in the program or two steps forward one step back for russia is the ruble it has lost around three quarters of monday's gains versus both the dollar and the euro now on the russian stock markets it seems indeed not a creature was stirring not even a mouse as i said before russia traditionally celebrates christmas on the seventh of january so tuesday was a working day because it was pretty much the only market trading very little activity and thus a flat and mixed res

the country needs a bailout of between 10 billion euros and 17 billion euros. officials are waiting for our report on the island's banks. >> we now turn to our brussels correspondent. can you give us more details on how the buyback plan came about? >> the buyback program is supposed to help greece reduce its debt within a short period of time. that is a vital condition for the next tranche of funds that greece needs can be paid out. they gave the green light last week to pay out the money. they said they needed to have the greek debt burden reduced. the country is now trying to do that. it has put 20 bonds out on the market earlier this year. it is offering to buy them back at a very attractive price for investors. if that is successful, then international lenders can pay out some 35 billion euros next week. >> a luxembourg finance minister has said there is no plan b. what if the greek that is not reduced enough -- greek debt is not reduced enough? >> there will be a big problem with the imf. head of the imf, christine lagarde, has been insisting on a sustaina

the new bailout package is worth 44 billion euros. germany will bear 730 million of that in the coming year. the opposition accuses the government of misleading the public about the true cost of helping greece. they say it will be necessary to restructure the debt. >> everyone knows that greece is bankrupt and that it cannot service such huge debt, and everyone knows that nothing will change in the long term and that the situation will only get worse with every year and every austerity package, and that is why the debt will have to be written off eventually, and that is going to be very expensive for germany. >> the opposition says a debt write off will have to happen, and say the finance minister is not coming clean about the cost to taxpayers. >> in washington, budgets have stalled again just months before what has become known as the infamous fiscal cliff. president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is no

euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net loss for the current fiscal year of $5.5 billion. that's due to the slump in its main tv and crystal liquid sectors. strengthening its financials is essential if the firm will have hope for its business. the two companies plan to develop next generations screens. sharp's expertise will help provide qualcomm with high panels. they are developing the screens for smart phones. media mogul rert murdoch will split into two corporations next year. under the plan a

and it's a total budget i think last year was barely ten million euros if you compare ten billion euro or even twenty million euro to regulate the whole banking sector when we're talking about the idea that the banking sector itself might be short of two hundred fifty six billion euros in power couple i'm not entirely but there is i mean the money aren't there to pay for what would be a european reg interest that would actually give everybody confidence that either the result will survive more indeed the european union itself has got an understanding of arced on how it's going to manage to manage commerce across the twenty seven economies let alone the euro zone itself going forward patrick and thank you so much for your comments and for your time. all right we apologize for that frozen video some move ahead and look at the markets u.s. markets are mixed and flat that's a regular jobless claims report showed a decline of twenty five thousand to the lowest level in a month still markets are under pressure correcting after a few days of gains apple is recovering up to the biggest one day

dollar index is with the euro u.s. dollar so take a look at that i mean it's so highly correlated and many say that the index is falsely associated with conveying general strength or weakness of the dollar and that's just one reason why now the index currently shows the strength of the u.s. dollar is out around eighty and it started right around here but one of the biggest problems with the dollar index is that it doesn't take into account changes that have occurred in the global monetary system since the breakdown of bretton woods you heard our guest talks about the renminbi for example not to mention if you look at the purchasing power of the dollar in terms of another commodity like oil it paints a different picture of the dollar value so just as in the case of the vix which we broke down recently you can check it out online the u.s. dollar index does not tell nearly the entire story. let's wrap up with loose change dimitri kofi anna says here to talk about this interesting predicament first insider trading we've he

and the fate of the euro in the three ways. credit banks still call nine hundred seventy three hostages freed off to a five day siege but the victims learned their risk it was the saving of. defending and praising the terrorists. one hostage christine even falls in love with one of the villains and dumps her fiance when she gets out. portugal greece and spain have. full blown still colm syndrome finds the study host to just a crippling bit bonkers coast full of the loans and dependency and a terrifying twist the state's so-called risk of the same as the host each take has first great premier pop at the most then it's a nice moment to see. multinational because for stints of power don't call us and thing us develop the theory he joins us now why did you call it that. is seen drum because i can see that that governments are kidnapped by b.s. because late we could achieve this kind of people and. they are not defending that . we can see that greece and spain mainly because. instead of. being able to work on our. ways to go out of

s&p outlined -- that the euro area has politically decided to keep greece in the euro area. this is not something that will make a big difference in the short term, but because it does not reflect a change in the domestic economy in greece. it's equally important, it does not really change anything with respect to the european central bank, because they continue to provide financial support for the greek banking system but they do not rely very much on standard & poors or other credit ratings anymore. so this is more of a headluien confidenceg measure. >> south koreans have begun voting for their next president. his main rival is a new candidate who held a narrow lead in polls. the president of iraq is in still condition after suffering a stroke. talabani is being kept in intensive care. he is seen as a unifying figure in the fragigigigigigigigigigigf people have fled the palestinian refugee camp near damascus. the area has been under siege for more than three days as rebels battled pro-al-assad groups. they want to gain control over this area as it could lead them closer to

i spend the equivalent of 50 euros on medication. >> these apartments were built in the 1970's. there was running water and central heating -- luxury for many of the 500 visually impaired people who moved in back then. >> the housing blocks were in good condition in those days. the factories that belong to the blind association still worked according to a command economy principles. the income of the factories was used to pay for the maintenance of the apartments, but demand has collapsed, and we do not have any money anymore. blind people now have to pay for renovation and maintenance themselves. >> in 2007, the country joined the european union, but the average monthly wage still only amounts to around 370 euros. like most blind people here, she cannot find a job and has to survive from disability benefits of 137 euros. she has been -- he has been trying to help find work for years but with no success so far. she used to work in this filtration plant right next to her home. less than a dozen people are still employed there. >> it is almost impossible to find work. employers ge

danone is trying to save 200 million euros. that's the only number we really know for sure at the moment and that's the main response to the pressure from its shareholders. over to you. >> thanks very much. staying with france for just a second, the finance minister is commenting about the agreement that the euro group reached on the banking up. it's integrity is good for the agreement and as we focus on greece today, conditions are in place to disburse the next tranche of aid to greece totalling 43 billion euros. >>> over to japan, voters are heading to the poll on sunday. the major indicators suggest a win for the opposition party. the local media says there is still a large pool of undecided japanese voters. kari enjoji has more on this report from tokyo. >> reporter: 12 parties, some less than a month ole are fielding 1,504 candidates. but instead of being slow for choice, voters say i just don't know. polls suggest the prime minister's democratic party is unraveling, hinting that many first-time politicians that swept the

up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors nervous this friday. our correspondence sent us this report from the frankfurt stock exchange. >> the suspense on the stock trading floor that weather or not the creditors of greece would take part in the debt buyback was too much for many investors. they decided to take some of the book's profits and sell shares. shares of deutsche telekom were the biggest dax losers. in order to invest money into new technologies such as broadband networks, they decided to cut the dividend for investors. now, many people here fear that this is something that more companies might do also next year, especially if the situation of the eurozone economy does not improve. >> let's take a quick look at some market numbers now. the dax ended the day almost 0.25% down. the euro stocks 50 down just a tad. across the atlantic, the dow jones is currently going up about 0.3%, and the euro is trading f

ruble that this is not finished up today was stronger against the dollar and you can see against the euro back. here in moscow than the markets they finished up in negative territory today as you can see under a percent of the arts yes and the my sex the fact that oil prices are going south isn't really help me out not as investors always keep a close eye on those here in moscow. moving on then dreams of becoming the next james bond winning formula one or even designing your own fashion line may be on a typical aspiration list in most countries but here in russia jobs that people dream about on. far more modest according to the latest survey almost half of the russian population aspire to work for the biggest state run company gas brum so let's get over to the business but it's a now as you go to meet him and just there's so gas from where in the wrong place is the place to be a hair what is the most the desired employer in russia according to well what people say in the streets according to see on the national agency for four opinion polls and around forty four percent used to trust the

she is suing for 1.9 billion euros. the bank denies the allegations. >> today is the united nations' international migrants day, dedicated to those who left their homes in search of a better life. 198 people living in germany was born abroad. >> many migrants here came from turkey in the 1960's and 1970's. this first generation is settling down to retire, and it is posing new challenges for care providers. >> this care worker for the last two years has been looking after a family that treats her like a close friend. she is german with turkish roots. she understands the mentality of turkish families. she can also communicate with her patients in their mother tongue. since having a stroke, he has lost the ability to understand german. he worked in germany for 40 years and then retired. he is being looked after by a turkish-speaking caregiver. >> it is special to be able to combine the german and turkish cultures, especially because of the language issue. that is what i like the most. >> after the home visit, time for a qu

jonathan, i'm looking at the euro/dollar trade today.nd i think it's curious the euro is now at a session low of, what, 1.3166. we've got the fiscal cliff negotiations. do you think that the dollar is going to see any big movement here over the next two weeks or so? >> i'm really not good at predicting that kind of thing. if i was, i would invest one way or the other. but it might be a good time to go to london. >> i know this isn't your field, but i still find in terms of the safe havens that we're seeing at the moment, it's interesting wlooz the dollar is going to continue to hold up against the euro. we've seen a little bit of a switch in this in tandem with the notion that europe is becoming a little bit more solid, as well. but i'm just wondering whether when we're going to see a big shift in thought heading stateside. >> yeah, i wouldn't expect a big shift anytime soon. but, again, you know, not my area of expertise. >> jonathan, real quick when we start to look at a timeline going into this weekend, too too, we know we're going to

in the currency market, the euro against the dollar, $1.3187. final day of the festive shopping season, the biggest moneymaker for plenty of retailers, so how did this year's sales measure up? >> it will take time for the numbers to be processed, but most think it was better than average. >> germans use the remaining hours before the shops close to snap up last-minute gifts. the big department stores in frankfurt were chock full of customers. >> my personal budget for gifts this year was nearly 1000 bureau. my presence included electronic gear, hiking boots, and clothing. >> i did400-500 euro. a few things for the kids, not a lot. >> german shops were less busy than expected in the run-up to the holidays though things have picked up in recent days. analysts say online sales have hurt traditional high street shopping. >> of course more people are making purchases online. growth rate there have been good. they have added on wineshops so people can visit the store in person or place their orders online. >> german retailers predict the christmas sea

euro stoxx 50 closed about 0.3% up. the dow jones going up just a tick. the euro trading for $1.3099. >> a major coup for german authorities in their fight against tax evasion. state prosecutors purchase a cd containing data on germans with almost 3 billion euros stashed at swiss bank ubs. and to report includes the information on more than 250 foundations with millions of euros of untaxed assets. officials say there is no indication that ubs employees assisted german clients in evading taxes at home. >> in a moment, we will be taking a closer look at the situation in kosovo five years after the country declared independence. >> but first, other stories making news -- a fire in a garment factory in southern china has killed 14 people and injured one. because of the blaze is not yet known. senior officials have ordered an inquiry into the incident. workplace officials often fail to adequately enforce workplace safety standards. >> in greece, a bomb has exploded in an athens suburb. no one was hurt, but the explosion damaged adjacent businesses. some have c

living quarters for a large family in a bunker being sold at up to two million euros. to meet the demand real estate projects like these are sprouting up all over the united states. just a few months ago larry hall was building skyscrapers but today in the middle of the kansas plains in a spot he means to keep secret this businessman has decided to devote his time to a project worthy of the pharaoh's. heights sixty meters deep this was formerly a launching ramp for nuclear missiles. larry bought it for next to nothing. about it level seven here you were never in a residential area. was at the surface in the ring being that goes around this facility. twenty feet to post. a concrete sarcophagus designed to resist nuclear attack. behind these three meter thick walls larry is going to build a totally self-sufficient complex. you're standing in what will be the hydroponics in the culture we're going to have stated the organic food in vegetables and fish when supplies will have at least five years of food for every person that's in here that's in addition to whatever we grow

in return, she will receive 750 euros per donation.hat is a lot of money for the chemistry student. >> it is not a regular monthly income, but it is enough to help the family that urgently needs money. in my case, i needed to pay the registration fee so that i can keep wking towary maer's degree. >> donating eggs is legal, and an increasing number of women in spain are doing it, including here. the clinics pay up to 900 compensation and expenses for the examinations, hormone treatment, and egg extraction. anna needs the money. though she is 26, she is almost too old. this clinic is looking for even younger donors, and it has plenty of applicants to choose from. >> every day, we get calls from two or three women who want to donate eggs. we now have a list of 200 donors, even though we do not have that many potential recipients. >> donating eggs is a lucrative source of income. although in spain it is illegal to sell them, donors receive money in the form of compensation. four years ago, this professor was a member of spain's committee o

euro stoxx 50 up .3%, and the euro is coming close to $1.30. >> finally good news for the indebted country. the u.s. ratings agency standard and poor's has upgraded greece's credit ratings. their best reading since june 2011. >> the agency they credited the eurozone strong support for greece, and it is committed to keeping athens in the currency. the upgrade comes after the successful creek by that program earlier this month. the former ceo of car maker porsche is facing charges of market manipulation relating to the company's attempt to buy volkswagen back in 2008. >> is accused of denying portion of's takeover plans, although the move was already under way. prosecutors say that had an impact on the share price, and investors were misled. the takeover ultimately failed, and portia was itself bought out by vw. -- porsche itself was bought out by volkswagen. >> 5, 4, 3, 2, 1, and lift off. >> on board are one american, one russian, and a canadian. it will take a crack about to be would days to reach the iss. -- it will take the craft about two days to reach the iss. vulcanologists in russia

plus a banking bailout euro zone finance ministers reconvene in brussels tonight as madrid makes an official request to the e.u. to rescue this week banks. hello kevin owen here at r.t. tonight's for you company france and britain of some of the israeli ambassadors in their countries together and says over why more settlements have been authorized in disputed lands near east jerusalem the un and the e.u. have also said that israel's construction plans pose a threat to future peace negotiations now more from a middle east correspondent paula. it's happening in an area known as anyone and what it effectively means is that the voice that income will be cutoff instrumental in this announcement is widely perceived as punishment against the palestinians for number one going to the un was with this by the number two winning it essentially winning that sees the palestinian state being recognized within one hundred sixty seven borders and given non observer nonmember observer status at the united nations now we're also hearing criticism of some european ambassadors european diplomats warning that we