if they negotiate the debt relief program with the eurozone, the eurozone can't really speak on behalfecb and imf. and actually, throughout the crisis and throughout this negotiating period, both the ecb and imf have said we're not going to renegotiate our debt. and legally, they're in a very strong position. >> so, hang on. let me just get this straight. so if and it's a big if if greek does get a deal with the eurozone, could we possibly see the ecb and the imf a bit more open to renegotiating? >> it's possible but i think, you have to look at the imf's history first off. it's been the most senior cert for 70 years. it's not clear that a crisis in greece or a relatively rich european country compared to some of the imf's emerging market members are really going to change things. the ecb has equally said it can't restructure these bonds, because it holds bonds for eurozone countries and if it restructures greece, it may have to restructure those other ones. and that could end up mounting up to quite a large loss for the ecb and certainly undermine its credibility. so i think even if y

greece is a very smart part of the eurozone. so i think the larger economic impact of that very unlike event would still be fairly limited. >> what's wrong with making concessions to the greek government? or is there anything wrong with it? >> well i think the reason why germany and the other creditor states the states that are lending to greece are reluctant to make concessions to greece because once they open the door to concessions to greece then portugal and spain and italy will say, well why weren't they complying with these programs to begin with. countries like france that germany would like to make reforms, will feel reluctant to do so. >> what do you feel about the ripple effects if a default takes place, the ripple effects to the u.s. economy and the u.s. markets in particular? are you worried about that? >> i think that's a tail risk something we're watching but it's not something we think is likely. and i think if there were to be a greek default, i think its effect on the u.s. expansion this year would be pretty lim

the largest part 100 42 billion, comes from the eurozone bailout fund. if the 3 billion are from the first rescue package specifically for greece. the country also owes the international monetary fund 39 billion. greece has until 2057 to pay this money back, but it needs to start reducing the principal this year. 8 billion euros need to go to the international monetary fund. even in the year 2054, greece will still be repaying more than 10 billion euros, but at least greeks will not be burdened with all that much interest. the interest rate on the first rescue packages only 0.6%. nonetheless, greece will struggle to repay its debt for many years to come. >> investors were, of course, keeping a very close eye on development in brussels. it turned out to be a fairly mixed picture. german blue chips finished the day in positive territory. our correspondent sent us this summary for frankfurt. >> the german equity market to date moved to the tune of the negotiations in brussels between greece and the rest of the eurozone. whenever there was a glimmer of hope

the ecb has done so much to keep the eurozone together.hout the eurozone, they did not even exist. why did they cut the line after greece? >> it is likely to be something negotiated among politicians and finance ministers with heads of state to organize the exit. this is critical and there is nothing in the trees allowing the exit. that is how it was set up and how it has to be done. the ecb is having to carry it through emergency funding to keep greece in the system and will go on buying times. there are talks with other banks and it is a red herring to say it is a national level. it hinges on the ecb and i do not think -- will want to be the man for letting the system crash. >> thank you very much. the director of fixed income at swiss and williamson. i hg reported earnings. up by 3.21%. we bring you that story later. equities in europe are lower. it comes off lower by 3%. the bond market is selling a yield by 200 basis points. we will talk about the asset markets after the break. >> welcome back. this is on the move. time for top storie

it's inside the eurozone that has a window of opportunity. what the eurozone has to do now is to put it together and grasp the window of opportunity for certain growth potential. >> let's talk markets. my question is will this saga reduce any holdings at all, or does the shakeup present you with opportunities? >> i think you need to be very active and very global. we live in a world of financial repression. people thought the bond was as much as we could grow. now we are going from zero interest rate policy to negative interest rate policy. i think what you need to do is grasped segments where you can find opportunity. yields in excess of 3%. you need to be active in terms of the stocks in the markets where you want to be positioned. sometimes it needs to be a little bit more. look at emerging markets. last year emerging markets were pretty mediocre. if you look at the best performers, they were china and india. >> what are the best-performing markets -- one of the best-performing markets was in italy. seven-year highs in europe. yields going

take the eurozone as a whole.ll those countries together hit three-point 6% only once in 2000, and now it is back below zero. let's go further back. in 1970 -- since 1974 only three countries have average greater than 5%. belgium spent the 90's trying to meet eurozone standards. greece might have considered during the same, but that's water under the bridge. according to the center for economic ellis e research, countries that hold a surplus over time tend to have that economic policy research countries that hold a surplus over time tend to have control by one country. these countries tend to have a high level of debt, which encourages them to save. they are likely to have a positive balance of payment. that is more money coming in than out. they are likely to say that a time of economic expansion. can greece make it to 4.5% as the current agreement demands? probably not. can greece make it to 7.2% and pay it's that down? no way, no how. yes, when pigs fly. >> the odds are against greece when it comes to the curre

creditors is weighing on investor sentiment in the eurozone. here's how benchmarks are looking at this hour. a bit of a mixed picture now with london paring back on earlier losses. it's now up 0.4%. paris is also paring back losses but it is still in the negative down about 0.2%. frankfurt declining 0.3%. in asia the shanghai composite ended the day higher for the seventh straight session. the index closed up 0.75%, 3,246. that works out to a three-week high. investors cheered the launch of china's so-called silk road infrastructure fund. it's worth $40 billion. here in tokyo, though the markets saw some profit taking. the nikkei retreating from its 7.5 year high closing just a touch lower 17 sshs 987. worries about europe also weighing on investor sentiment. here's how other asian markets wrapped up the day. hong kong finished a quarter percent higher. seoul finished the day nearly 0.2% higher. after the south korean central bank left its interest rate unchanged at 2% as expected. taking a look at currencies now, the euro has been gaining some

if it does leave the eurozone, i think the risk of contagion to the rest of the eurozone is somewhereund 50% to 60%. >> thank you. in eastern ukraine that's been -- there's been heavy shelling around the main rebel city of debaltseve. so far the agreed cease-fire doesn't seem to be taking hold. as tensions with moscow rise, britain said it scrambled typhoon fighter jets after two long-range bombers flew off the coast of england. and the british foreign secretary is warning that putin is as great a threat to europe as islamic state. joining me frau now from new mexico to discuss is the former american ambassador to the united nations, bill richardson. governor richardson, thanks very much for joining me. there's a lot of focus now on this idea of united nations peacekeepers. kiev asking for peace keepers to go into western ukraine to see if the cease-fire is holding. the russians say, there's no need nor that. do you see any possibility that we'll see u.n. peacekeepers in east ukraine? >> the only way ask that russia agrees not to veto. as one of the permanent members of the security c

to extend its eurozone agreement for another six months. yesterday, germany very quickly rejected the new greek proposal calling it a trojan horse, allowing athens to dodge its commitment. so is it still deadlock or are we any closer to a deal? i'll tell you what, the financial markets think a deal is around the corner. in fact germany's stock market closed at a new record high of just over 11,000. the value of greek bonds, that's greek debt, also rose pushing down the yields on the three-year bond by a third, and it came down top 17%. that sounds like a lot in terms of interest rates, but consider the very same debt had a yield, had an interest rate of 128% before the most recent greek bailout back in march of 2012. what does this mean? it means that investors are far more confident now than they were back then. but many greeks are preparing for a possible exit of the eurozone. look at this number. greek households and greek businesses, they have sucked out, they have drawn out 18 billion euros out of those greek banks since december and t

crunch time for greece -- eurozone ministers meet in brussels in a last attempt to renegotiate the country's bailout. germany has set a firm no to athens' lead to extend the deadline by six months. in ukraine, they are still declaring support for the tattered cease-fire. german chancellor angela merkel and president francois hollande have been meeting in paris. the french film industry gets ready to roll out the red carpet . american actor sean payton is -- sean penn is set to receive a lifetime achievement award tonight. we begin in brussels where eurozone finance ministers are preparing for a meeting to try to solve the crisis over greece's bailout deal. they put forth a proposal for the six-month extension of the eurozone program instead of renewing the existing deal. however, germany has firmly rejected any such move. reporter: battling it out to find a last-minute compromise. after germany gave a resounding "nein," europe's finance ministers are working on a take-it-or-leave-it program for athens. greece could run out of funds by march, not to mention increasing fears of bank runs. they

eurozone posting modest growth in january. a lot of focus on the german pmi data which came in at 50.9. cac 40 up 26 points. the ftse holding up in the green by 63 points. we'll be getting that pmi data in an hour. trading higher by around 24 points. les take a look at points. the risk move can be seen across the bond market. you're seeing investors gravitating as investors try to take a better gauge what has been happening around the world in terms of renegotiation with european policy makers. the disappointing gdp print out of the u.s. and the weaker than expected data out of china we'll be discussing in a second. take a look at the bond markets and 10-year german yield now yielding yielding .3%. the 10 year has been trading at 1.6%. that's the yield on the u.s. 10 year. the risk averse move weighed on the u.s. dollar on friday dropping to a two-week low. we've seen a move in the -- which has been selling off this morning given the weaker than expected pmi data out of china. oil continues to be a point for investors. oil spi

the extension needs to be ratified by eurozone members. 542 lawmakers voted in favor. it was the biggest majority by far for any eurozone rescue package in the 631-seek chamber -- 631-seat chamber. >> overwhelming majority of german parliamentarians voted this morning, just moments ago, in favor of extending the bailout degrees 542 voted in favor and only 32 voted no, with 13 abstentions. there will no doubt be a sigh of relief across the eurozone, most audibly in athens this morning. wolfgang schaeuble led the debate, who has been a top critic of greece, but is very pro-european and wanted to quell any skepticism among parliamentarians today ahead of the vote. he said this is a vote of solidarity not only with greece but also with members of the eurozone. he and other parliamentarians who spoke his morning in favor -- this morning in favor of extending the bailout said that germany has benefited most strongly from the euro, more than any other country, and that it can only continue if they continue to support other eurozone countries. the critics in the debate this mo

that is now in the hands of the eurozone.out in a few hours' time whether they approve what the greeks have sent them. >> we spoke to when economist a short while ago and we are focusing on the eurozone and the german lawmakers voting on friday. it is important to said that the greek parliament will have to vote on this. when you walk the streets of athens, are they still behind them? how dangerous confections within the party become? >> it appears as though it is not too dangerous for the moment. there is a cabinet meeting that is starting very shortly. the prime minister does have to keep his party in line. there are certainly a number of factions within the party. sure, it is fractious and there is work to be done, but the government has been in power for only a matter of weeks. it would be nothing short of tragedy if there were an internal rebellion such that the government collapsed before the four bailout extension could be completed. it is going to be a difficult for months, that is sure. i don't get the sense and i do

what the eurozone is. paul: a documentary that i am working on -- i am basically mentoring a team of journalists who want to tell the story from the grass roots. the latter guy was a candidate and the other is an ngo manager. they are people in this country that would probably not end up supporting or being members of a far left party or government, but the centerleft was smashed and vacated. the centerleft did austerity, so the greek equivalent of the labor party, of the elizabeth warren democrats has disappeared. it does not exist. it gets 4% of the election. people from the technocratic, trent generation who want democracy, a decent life, and the ability to start a small business, maybe, they are voting for this far left party in droves. when we are working on the documentary, we are going out to rural areas, the waterfront, and what you see is ordinary people that have had enough switching. this is just the start. we do not know where it goes. that is why i am so keen to document the outcome. it could

we're not talking about greece leaving the eurozone. that is where there is potential for inconsistency. on the one hand, people are worried enough where it is preventing them from investing in european stocks. at the same time, assets that should be exposed, the worst scenario that would be worrying people are for more relaxed -- are far more relaxed. >> spreads remaining relaxed. where are the opportunities? >> i think there are couple of areas that stand out. maybe i will move geographically a little. in the u.s., it is credit market story. that you have, i think in the midst of the s&p at all-time highs in other markets behaving well, the u.s. credit, whether it be investment grade or emerging-market dollar debt has been in a pretty bad selloff since the middle of 2014. yes that has come back a bit in the last couple weeks, but it still stands out relative to other asset classes. in an environment where yields in europe are so low, yields in japan are so low and where the net supply of government bonds is so low after all of this q.

their other." -- eurozone countries. -- there are other eurozone countries. building more trust in part because we will go back to brussels. we're in the first game of a potentially seven-game and nine game series and 12 game series. if something like that exist there has to be more conversation because every step of the way will be the old soviet cold war doctrine. trust but verify. that is clear from the germans and that is why the greeks are not getting any bailout money if and when they successfully submit this list later today or tomorrow. tomorrow, they are saved from a banking crisis here to actually get additional more money, that will not happen until april or there will be more meetings and verification and more oversight of how they're trying to fix their economy. >> on's nichols is joining me from berlin. thank you. up next from the u.s. department of homeland security, it is set to expire at the end of the week. peter cook will have the latest from both sides of the aisle when "bottom line" on bloomberg television continues in just a moment. ♪ >>

greece's future in the eurozone is high on the agenda. the danger of greece leading to a bad outcome is increasing. he said the risks to the world economy and british economy are also growing and he is urging other countries attending the g-20 meetings to find common solutions. in an injury -- in an interview with bloomberg in istanbul osborne talked about the risk and how he is planning to deal with any outcome. >> it is clear the risks to the world economy, the risk to the british economy on the standoff of the eurozone and greece is growing each day and i think the risks of the miscalculation or misstep leading to a very bad outcome is growing as well. here at the g-20 we are urging all parties to this dispute to try to find some common solutions. we are also stepping up our preparations for whatever the outcome may be. we have to make sure that the british people are best protected from whatever develops in this crisis. it is unclear the greek exit from the euro would be very difficult for the world economy and potentially very damagi

we will speak to someone who says greece has to go out of the eurozone.t want to miss that, coming up and stay tuned, that is coming up on the next hour of the program, and we will bring you the latest on hsbc. the bank gives earnings, and we will have more on that, when we come back. ♪ bikes prime minister tsipris defined financial measures ahead of today's deadline. we are live in berlin and happens. >> the pharma dealmaker acquires a purchase valued at $14.5 billion. >> hsbc reports earnings. we will tell you what is at stake. ♪ hello, welcome to countdown. >> coming up we are going to speak to somebody who says greece has got to go. you won't want to miss that interview. it is the head of the economic institute. >> let's talk about greece. in athens the greek government feels the pressure to come up with reforms that satisfy demands of euro area creditors and the anti-austerity party at home. the prime minister and his finance minister have until night -- until tonight to work out the details. we are live from germany and also from greece. hans nichol

we will get the complete numbers for the eurozone.enty more to come as we go through the morning. if you are interested in the french economy specifically, we will be talking to one big company a little later. the ceo of l'oreal. he will be speaking to us exclusively here at bloomberg. >> the top stories, angela merkel says russia will face further sanctions they do not lament the piece deal she helped broker -- do not implement the peace deal she helped broker yesterday. the cease-fire arrangement is due to begin on sunday. greek prime minister elect says his nation is seeking a new contract with the euro area on how to continue the bailout. this came after he met with eu leaders. he said their goal is an agreement that would lead to new deals with authorities. after announcing 10 million kroner of bonds, sweden's governors said they are prepared for more qe if necessary and they cannot afford to rule out interventions. >> you never know. you are in an uncertain world. we knew that would not be our first choice. but never say never.

the eurozone is saying no. after acute impasse, that is the problem again.reece says we will do whatever it takes. that is not going to work when 240 billion euros. the french minister will meet halfway within two days. these talks are not a gain. it is quite aggressive. first of all, you can see it is what happened before the meeting showing how skeptical he is. the history of the european union, nothing is ever come out of ultimatums. in the history of the european from crisis toed crisis and this is how we prove it. that within the next few days, any notion of an ultimatum is going to be withdrawn. -- ifking with his people everything that has happened within the last few days, on very skeptical because the greek government has not moved at all. this is not a question for negotiations. actually wants. whether they want to get on the path or win back the trust of the markets. a meeting last wednesday and that one on thursday. this meeting on monday and zero conclusion. ultimatum by friday. the money actually runs out 11 days from now. >> what do they want?

. ♪ is greece out of the eurozone?may be closer than ever to an answer. >> athens sent a request to the european union to have it loan requested -- extended by six months. the reaction from berlin was no. the german finance minister said the request lacked a proposal for a solution and accused greece of trying to keep the bailout without meeting the terms. >> there is only a week left until greece defaults on its debt. >> it was a previously unthinkable move. in accepting continued supervision by the ecb, imf, and eu the greek government recognized financial obligations to its creditors, but in talks to eurozone finance ministers athens called on its partners to show understanding for the country's financial difficulties. >> i believe all the conditions are there for a mutually beneficial solution tomorrow. and i believe this will be the result at tomorrow's euro group. if any case, if there is a negation of this huge effort that has been made, each person will have to take responsibility. >> but in a frank statements,

. >>> eurozone finance ministers are waiting.hey've offered to extend financial help to the greeks. but the greeks say they need more time to think about it. ai uchida joins us now from our business desk with all the details. so get us up to speed. what's going on here? >> here's the thing, catherine. that offer came with a condition. the eurozone finance ministers wanted the greeks to come up with a list of measures for reforms, a tangible agreement that would tie them to these promises. now, the deadline for that was monday. government officials in athens are saying they need more time. they've asked for another day. eurozone finance ministers say they're prepared to continue the bailout package by four months but in exchange they want to see how their greek counterparts plan to rebuild the economy and generate growth. people in the office of greek prime minister alexis tsipras didn't say why they couldn't meet the deadline but sources say other finance ministers of other eurozone countries have accepted the delay. they say the

we are looking at a eurozone finance minister's meeting in brussels. where they will be getting together to negotiate. do you think there is room for maneuvering? if so, on what? >> there may be room. the game is not decided yet. the vice chancellor is a social democrat. he sees the request for intervention and the willingness to work as a good basis for negotiations. other parties criticized the categorical veto. there israel and the political spectrum for some budging. two things have to be remembered. they will have to wait for tomorrow's negotiations. second the german national parliament will still have to improve plans for help. peace will not want to ignore public opinion. germans are the ones who account for most of the packages and they are losing patience. they think of the greek government's behavior as unreasonable and unacceptable. >> that raises the stakes before friday meeting. thank you. despite the debt standoff we have seen the markets seeming calm. we are seeing the nasdaq, ever so slightly below the flat line. as i see, investors ar

the danger that the eurozone is growing a little bit but the eurozone structurally is all wrong. you have monetary union without fiscal union and regions moving at a very different pace. you're a sense that there is no shoulder burdening of responsibilities. you have a country like spain which has the kind of structural problems they greece had five years ago that is not going to be receiving to help it needs from the north. it's not possible to sweep that out and yet the pmi numbers are positive. quite frankly it's -- we know things are still bad but to have a forward-looking implied growth of 1% we are happy but it doesn't leave a lot of room to maneuver. jonathan: up next we will talk about the bond markets. to get everything you thought you knew about the bond market you need to pay a little bit of attention to the eurozone and sovereign debt. we talk about this bizarre bond market as the search for yield goes deep into the red. ♪ jonathan: good morning and welcome back to "on the move." let's check in on time of the top stories. everest earnings beating estimates. you can se

>> there is a risk that greece leaves the eurozone.less than 5%. >> i've heard numbers significantly higher in athens. >> it is not the greek government's intention to leave the eurozone. if greece leaves the eurozone its problems would be multiplied by a factor of 10. i don't think alexis tsipras wants to be known as the man who led greece to a new economic depression. similarly, european authorities don't want greece to leave either. what you are looking at is, is the risk coming from these accidental parts of the fence that sometimes happens? it is not the intention of either side to have them. accordingly, greece remains in. >> one quick weston. if that were to happen, would you have to price the eurozone as the erm or the emu? how to you look at the eurozone? >> we believe it is not systemic. then you price the eurozone as monetary union. this is one big exception. it is extremely unlikely to be repeated elsewhere. never say never, but you are not looking at a system where you have to manage your exchange rate risks as carefully a

for now greece stays in the eurozone. but if the plan is not agreed to by the eurozone, then it will take another step. greece is actually more up indebted than ever. >> these are the children whose parents lost ability to care for them, many during the crisis. there are more than 300 living in a foster care charity. not only does it not seek state subsidies, it also pays $130,000 in taxes each year, almost five times what it paid before the crisis. with that money, it says, it could care for another 25 children. >> we have a lot of important charities and institutions in greece, they could increase the work but they cannot, not because they're lacking of any governmental subsidies or support, but because the government by taxation is taking the money by private donors or givers to those charities for making and doing what the state should do. >> taxes have risen sharply during the greek crisis. partly to repay creditors in emergency loans. but so have arrears. greeks now owe the treasury an unprecedented $86 billion and

if they do, that will highlight the diversions with the eurozone. as we are on track for then, the dollar continues to move higher. the risk is that the high push back into 2016, that is when the dollar bears come out of the woodwork. >> a previous guest was talking about how the fed hike was priced and even in the e.m. space. do you subscribe to that? >> a fed hike is priced in. if you look at what is or to having a to yield, what is going to happen to two year yields, we think they are going higher in the u.s. if the fed does start to tighten, the market will price in more hikes. from our perspective, yes it is priced in. there is going to be more yield support and we think the dollar is going higher. >> everyone is talking about diverges. 2015 has been about easing, rate cuts. china no different. if i want to play the china theme, should i go to new zealand? is that the story right now? >> for a start, the point we make on china -- we think looking at the run in the there's too much bearishness priced in. one of our points is to own the renmimbi.

we must build a plan for greece in the eurozone.ll see what other technical issues have to be dealt with. first of all, we've got to speak, to talk to each other. >> president obama has spoken by phone with the russian president and the ukrainian president as representatives from russia and ukraine prepare to face each other at peace talks in minsk. the german chancellor and french president may also attend the meeting which aims to end violence in eastern ukraine. if the talks fail, russia could face fresh sanctions. obama said on monday that he hasn't ruled out providing weapons to ukraine. a record sale for english football. the chief executive announced that sky will take over broadcast matches from england's top division. that is a 70% increase over what they paid for the last cycle. sky will broadcast 126 games in the u.k. starting in the 2016-2017 season while bt will show 42 matches. italy's second-largest bank increased its annual dividend to seven cents a share from five cents. joining us now is carlo messina for a bloombe

you are in eurozone and non-eurozone countries. how do you view the troubles taking place?ight spread and affect the economy of the eurozone? >> i suppose it has worked. the eurozone has had a tough time over the past 3, 4, 5 years. it has been extremely slow to recover, if you compare it to the u.s. by and large, despite the challenges in the european marketplace, paper-based packaging has done well, mainly because our products serve the domestic market and the export market. europe is the biggest consumer market in the developed world. secondly, it has brands of international standards, so the export community is very substantial. we package from the low-end cheaper products to the high-end differentiated product. between our geography and the fact we have some offerings in terms of supply chains -- >> that works for you? >> it is a fundamental platform. it has smoothed our earnings in terms of highs and lows. we don't have anything like the extremes of our competitors. it basically services extremely well the aspects of the economic downturn. >> thank you for joining us.

. >> sessions on the eurozone has to stick with the current bailout for now. plus in an apartment block goes up in flames. >>> yemen's president hadi leaves the capitol. he had been put under house arrest. this is a stronghold for hadi and his supporters. now the suggestion is that we may hear from him fairly soon, and he may spell out what he wants to do. >> yes that's what we've been told here. we have been told that his resignation was not a real resignation because he was under house arrest and control of the houthies. every is waiting for president hadi to spell out the truth of what happened in the last few weeks, and more importantly if he maintains his resignation. there are many who hopes that he'll reverse his resignation. many want him to lead against the houthies and also he's going to give a speech in the next few hours. we heard in sanaa the former president is trying to convene the parliament, which has the majority of loyal he's to ali abdullah saleh and there is an expectation that the parliament would anticipate hadi's speech, and say we will

and the country may soon be forced out of the eurozone.will have a live report after the break. >>> european finance ministers say the ball is now in greece's court. talks between athens and its creditors broke down on monday moving the greeks one step closer to leaving the eurozone when its bailout program expires at the end of the month. >> greek officials again rejected a proposal to extend the current program. they say they want to stay in the eurozone but without maintaining austerity reforms. despite the failure, greece's new finance ministers he think something will get work -- greece's new finance minister says he thinks something will get worked out. >> i have no doubt that in the next 48 hours europe is going to come together official economy together and we shall find the phrasing that is necessary so that we can submit it and move on to doing the real work that is necessary to establish common ground and to billion a new contract between greece and europe which will be both good for greece and for europe. >> very optimistic. we

there are too many people working on this in the eurozone.ink robert is right in the package you just had. there will be a deal of some sort. they will reduce heymans, make them contingent potentially on growth and on the primary surplus in greece and still keep that redline for the german shepherd no debt write-downs and some solution will be found whether it is today or in two weeks. history suggests they will try to put it right to the deadline. this is very much brinkmanship. we have got february. kicking it down the road inconceivable. >> you do not rule out greece leaving the eurozone? >> no. i think it is almost certain they will leave at some point. the question will be what is going to be that trigger point, and my own view is when we start moving beyond a conversation about the debt deal and having a conversation on the kind of spending plans when they start to get implemented, will the germans say no, and if they do -- >> it is a suggestion that greece can leave, and that has been a rubicon for many at the center to contemplate, an

the 18 finance ministers of the other eurozone states know that time is against greece. i do expect them to clearly tell the greeks, there are face-saving cover mise is, but you cannot afford electoral promises. >> when you say the greek have to back down what is -- >> of course. >> a lot of it is game. , isn't it? >> you can call it game theory. the other players are not in a weak position. i hope the finance minister is not going to play this like a game theory. the news over the weekend suggests that indeed the greek optimism that a deal could be struck and the pervasive pessimism anywhere else does suggest the greeks are the ones starting to realize that they have to back it up. greece agreed to the bailout. it cannot just say, we are no longer bound by previous commitments. the entire european union is based on previous commitments. >> they think they have that mandate and there has been anti-austerity sentiment across all of europe. is there not an assumption that austerity had been imposed and just doesn't work? >> look at spain, portugal, ireland. the policy does

maybe that could make the eurozone, the remaining eurozone stronger. mark: what about the ecb and quantitative easing? it could solve the structural problems. >> i don't think that it solves structural problems at all. they are structural and fiscal. the ecb printing money is not going to deal with those issues. that's another dimension of kicking the can down the road. mark: does this help them return to solvency? >> one dollar trillion is a large sum. the fact is i don't know if it does much for greece. it means a lot for our markets. when you suppress these interest rates like this you suppress interest rates worldwide. here is the u.s. paying a country at a 2% yield? the highest in the g7, the strongest currency? banks and the other part of the world and in the u.s. are going to come to the equality. mark: you talked about those who wanted to audit the u.s. federal reserve and you said "perhaps they should start auditing the u.s. senate where the ratio to blustering to action confirms we are suffering a national political intelligence deficit of al

. >>> eurozone members are discussing a desperately needed financial lifeline for greece.on madison is here with more on this story. >> yeah gene you know there's an awful lot riding on the talks including what the future might hold for greece as part of the eurozone. so finance ministers in the zone are preparing to meet in brussels for crucial discussions on greece. the greek government has asked for a six-month extension of financial aid that's set to end this month. greek finance minister is expected to propose a new aid framework. it would review the current austerity measures for his country, and ease the burden of its huge debt. germany and other creditors say greece's financial lifeline will be extended only on condition that austerity continues. the german government is among several that need parliamentary approval to extend the aid. well if the friday meeting fails to produce a deal and the bailout program ends greece could run out of funds next month. >>> investors are staying cautious ahead of that meeting of eurozone finance ministers on the bailout plan. her

we're look for confirmation of a deal between the sgreeks eurozone officials.ne foreign ministers have reached a deal in extension of greek bailout by four months. we did get reaction. dow and the s&p hitting new all-time highs as that news was crossing. so we're standing by for that. we have something we want to bring to you that is fascinating. i imagine a robot, they get me coffee, talk me threw schedules, what robot base is creating. artificial personal assistant for every home. here with me is the company's ceo. dewey nguyen, and this is maya. >> she's my personal assistant. she can tell me how to cook? >> absolutely. she can walk you through a recipe of how to make curry. >> chop chicken into bite size, next cut onions into cubes. cheryl: she's telling me how to cook. what else can she do? >> there's a lot she can do. one thing is to read to my daughter, she can read a story to my daughter. >> princess followed the deer. cheryl: okay. >> one of my favorite features if i have a party this weekend, can i have her recognize faces and take photo for me. so fo

neither berlin or athens wants greece to leave the eurozone. so those governments are clear about what they want. doesn't mean it's popular with the people. but here in berlin what is clear is they're very unhappy about this bailout extension and the north are convinced that athens will connect with the group and say what it says it will do. it's like the least bad alternative. because any forced exit out of the eurozone for greece will probably be more expensive for germany, because it will be more unlikely that greece will ever be able to pay that money back. and i think people here in berlin are very aware about that. >> damien mcginniss in berlin thank you. >>> a prominent bangladesh american blogger known for his atheist views have been hacked to death during a visit in dhaka. relative who is lived in the united states had traveled with his wife. he had been criticized as being anti-islamic. police are still investigating the killing. more details from dhaka. >> it happened last night. when the blogger along with his wife were coming out o

relative to the eurozone. the negative deposit rate.ortant i do not think they are going to walk away. they will still be there selling swiss francs but not being held at 120 level. >> the danish krone, it is a big question and they say, no, the ecb said they have stopped selling government bonds now to stop it and flow of money into denmark. >> i think in the new world post snp, never say never. having said that, quite significant differences between the euro's was a euro danish. the major difference is that the danish krone is a property of the euro, they are following ecb policy. secondly you do not have to pressure on the danish krone on the swiss franc you do not have the quality or the market suggesting it may go at some point. the point in summary yes it is possible, but the less likely to move. >> before the smb, you was a is not possible but now everything is possible in light of the smb. >> that is the case. very few of us thought that. we were very shocked by the swiss national bank of because they made it was crucial. i thin

greece is not the monster it once was to the rest of the eurozone.e euro has a little bit of leverage when they get around the table tomorrow. i take you to crude. it dropped below $50 per barrel yesterday. we are down 3.62% today. is that going to spell out into the ftse. greece is one theme, the bond market is another, and a big move in the commodity market. >> jonathan ferro with the latest on the markets. the world's biggest food company, nestlÉ, reported numbers earlier today and a key twist exporter has -- how is the company dealing with the swiss franc? >> caroline hyde is here. >> this is a company based in switzerland that is 98% exporting its goods. it produces a lot of its goods outside of switzerland. where it could be hit by the swiss franc is research and development. about half of all research and development for nestlÉ is done within switzerland and they say that will be impacted. overall, they are saying it does add another dose of uncertainty into 2015. currency shifts knocked earnings per share by the tune of 6%. they say they have

we are getting breaking news out of the eurozone. eurozone pmi numbers coming in pretty much as expected. i'm trying to get them up for you in terms of what we are seeing overall. they are -- we were expecting a figure of 51.5. they came in at 51. in terms of services, they arrived at 53.9 versus 52.7. overall, it basically shows the divergence in which some of the countries find themselves. germany had better-than-expected figures. some of the weaker countries actually showing that they didn't grow as much as they were expecting. brinkmanship over the bailout. greece and germany face off in brussels for the second time this week as the clock ticks toward the deadline for a deal. just hours after greece requested an extension of its loan agreement, the finance minister of germany dismissed it. our international correspondent hans nichols, joins us from brussels. it is not just the germans who are going to insist that greece completes its bailout program. hans: that's right. we've heard from the finnish finance minister saying that gr

every time that has been run by other eurozone finance ministers, that has been rejected.hat has raised the prospects of a greek exit, which has some finance ministers like george osborne, concerned. >> if greece left the euro, that would create real instability in financial markets in europe. i don't think although we are in a much better place than we were a couple years ago, i think a greek exit would cause real eruptions. that is why we've got to avoid this crisis getting out of control. >> mark, a little bit more on the rhetoric from mr. tsipras. he talked about germany may be repaying loans that were forced upon greece during world war ii. he said he would seek reparations from germany during the nazi era. minimum wage, 751 euros a month and he wants to increase the ceiling for what greeks can earn tax-free. both of those were crucial elements that had been reversed by the bailout program. >> was there anything for creditor countries to cheer? >> a couple things. he wants to diminish the power of oligarchs and clamp down on tax evasion. that's something the germans h

denmark thomas switzerland and the eurozone facing a similar problem. the u.k. host these business conferences, and we also face low-inflation here as well, how are we going to deal with that? ramin: the numbers have started to pick up in the u.k. and the pmi's look really good. we think if there is a fallout in greece, the u.k. might be one of the places to get exposure to equity. i think this whole story is a global one because china is exporting deflation globally with sluggish demand and less commodity tested growth. i think it is one which will continue for months to come. >> we will show you how london does u.k. politics. the potential negative impact of a grexit, what about a brexit? how concerned are you and if we should be concerned about europe denominated assets, what about sterling? ramin: i think sterling would be seen as a safe haven. the possibility of a brexit would be a big negative for the u.k. if we were to consider it especially because it contains uncertainty. i think it will be better to have more integration from europe than less. either w

greece and the eurozone are working towards a deal. government says by tomorrow morning it will submit a number of policies in return for the eurozone money. the shipping executive says they should stay in the eurozone. >> it is a political and national consideration. i wish it would be left alone in this part of the world politically. it would be a disaster in the economic sense. >> reports from los angeles

a member of the eurozone.omeone can be led to the exit simply because he will not have the necessary liquidity to pay the public sector. there is a series of negative scenarios that could follow if there is not an agreement struck by the end of this week. reporter: the key part of the greek position is the national mood. greece feels humiliated by the crisis and the proud nation feels that they have a government that is ready to stand up to berlin. if the eyururo exit seems likely, the government's support could fade fast. >> the outflow is 2 billion euros a week. there are fears capital controls could limit draws. uncertainty is hitting industry and tourism. hotels have customers putting bookings on hold and he is taking precautions. >> i want to the bank and took out one third of my money because i think the new prime minister is gambling. reporter: a country tired with crisis in a race against time. can a compromise be found? or, will greece be the place where the single currency breaks. katty: watch greece