significant so far this season as we take you into the next 24 to 48 hours, particularly into france, into germany and then eventually heading into poland as well. so a busy end to the week here. nina and manisha? >> okay. ivan cabrera, many thanks there at the cnn international weather center. >>> if you've heard about anything in the show that you'd like to comment on, maybe it was the social class on klm, i don't know, or any of the other stories, you can get in touch with us, the whole team on our facebook page, just go to facebook.com/cnnwbt and let us know what you think. >>> we're very social media friendly here on "world business today." you can also contact us and send us your thoughts via twitter, follow us @cnn wbt. >> i'm manisha tank in hong kong. >>> and i'm nina dos santos in london. you're watching cnn, the world's news leader. who need imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair

i mean, you were involved in the famous battle of the bulge, moved across france into germany, in thehen i talk to people from that era, they always say that when you go to war, the stuff you experience, it shapes your character forever, and it gives you a sense of interspective on life that nothing else can. was that how you snelt. >> well, yes, it taught me, personally it taught me that fighting, killing someone, is the lowest form of human behavior. >> do you feel that war is ever justified? >> well -- >> when hitler and the nazis and was trying to take over the world, an evil man, is it not imperative to defend yourselves against someone like him with all the collateral damage that comes? >> that's a very difficult question, because i think we should have a society of highly educated, intelligent people that will think realistically about how to do things. when i said to you earlier that the lowest form of nature is to kill someone, it's the lowest form of humanity, it's the bottom of the line, so we're actually intellectual cavemen at this point, no matter how much technical thin

>> they came in with a single currency and a was lauded by france and germany. that led us into this crunch. the difference now is that, apparently, they mean it when they say that countries will be punished if they breach the various limits. there will be changes to the treaty that can be put to the member countries, all 17 of them. there will be, in addition, golden rule idea into each of these budgets and it is written as a constitutional requirement not to breach the european figures are limits. if they do, the punishments' will kick in. it is just a much more disciplined to come redress, a not be allowed to do this anymore. to that extent, the markets will be convinced. >> how likely is it that all of the other eu states will agree to this plan? >> obviously, there will be some resentment the way that it is being steamrolled by the two big players, but in a sense that it is in everyone's interest to surmount the problem and everyone is aware of the urgency, even countries like britain who are very suspicious of being left out in a two- tiered europe. most may be able to lea

the problems if we saw anything like a fifteen nation downgrade the downgrades of france and germany that are bundled into that as well as austria we would have an event much larger than lehman brothers that would cascade to the global markets that would push it teetering and very vulnerable european monetary union into true crisis as well as sending very damaging shock waves of the global economy and global financial markets the e.c.b. the i.m.f. sovereign policymakers and many of the european countries believed and conducted themselves as though they had more time than they did while the financial markets screamed out as did critics if you don't have more time you don't have more time and they kind of leisurely looked at their watches and tried to do what was good for them domestically politically and acted like they had time that there was every indication did not actually exist. well more updates and analysis online at www dot com has some of what we're covering through there today mission failed american attempts to snoop on iran from the skies on dashed after a cia spy drone was down potential deliv

we saw anything like the fifteen nation downgrade particularly the downgrades of france and germany that are bundled into that as well as austria we would have an event much larger than lehman brothers that would cascades of the global markets and would push a teetering and very vulnerable european monetary union into true crisis as well as sending very damaging shock waves to the go global economy and global financial markets virtually instantaneously and smashing asset prices all over the world well you know certainly that sounds awful but we all knew that things were bad in the euro zone doesn't this just verify what we what we already know about the region. well yeah i mean it verifies that we know there's a true there's a sort of seriously impaired situation that europe is kind of teetered buying small amounts of time at the crossroads between a different future which is quite highly viable and a real disastrous disorderly wind down of the european union experiment but we've teetered there for way too long there's been a sort of sense that the e.c.b. the i.m.f. the sovereign policymakers in many of

most people won't read past the headline and that's the propaganda but if you look into that article germany and france discuss fiscal integration germany and france may seek to implement stronger euro area governance by striking a deal with a core group of euro nations rather than seeking the go ahead from all twenty seven members it was reported so again this. from just germany and france though their banks are hardcore involved in financial fraud they created a lot of these toxic fake derivatives that are blowing up around the world they devastated commies around the world and now they're pretending that they're the. you know there's sort of cozy the. the new vichy government in france basically a cow telling to the occupied german currency forces there's cameron in the u.k. appeasing the. currency blue devil with is happy talk to his constituency similar to remember i believe it was lord chamberlain who made the same mistake leading up to world war two so to follow down this path of currency wars replacing shoot 'em up wars with tanks and missiles it's all being replaced derivatives and they're and

germany. back into western france as that frontline moves in. is going to be very stormy here the next day or so. and out to the east clearing up. in turkey you will be seeing mountain snow as well as thunderstorms down to the south. temperaturewise, 9 in berlin 347 in stockholm. minus 1 in moscow. we are keeping it in the teens in athens, rome, lisbon. here is your extended forecast. >>> that's our broadcast for this hour on "newsline," we'll be back with more news in half an hour. i'm michio kijima in tokyo. thank you for watching. bye-bye.

if we saw anything like a fifteen nation downgrade particularly the downgrades of france and germany that are bundled into that as well as austria we would have an event much larger than lehman brothers that would cascade to the global markets and would push a teetering and very vulnerable european monetary union into true crisis there's been a sort of sense that the e.c.b. the i.m.f. sovereign policymakers in many of the european countries believed and conducted themselves as though they had more time than they did while the financial markets screamed out as did critics you don't have more time you don't have more time and they kind of leisurely looked at their watches and tried to do what was good for them domestically politically and acted like they had time that there was every indication did not actually exist and can we talk about in the event that this this does happen and it looks like a very likely that it will happen and how the situation in the e.u. can affect confidence and global economies and even here in the u.s. i don't think we're in a near term fifteen country downgrade what we are going

single currency by gathering state some of the brussels on brother germany and france are pushing for new e.u. treaties to bind the nations into a close knit union but it's only taxes and fines. and indeed the financial fallout from the going euro crisis tends to ignore borders is waiting for him to return to business just now with a squeeze felt far beyond europe next on r.t. gets expert insight on what's likely to be a slow drawn out recovery. today i'm talking to cuba who's the managing partner of fusion asset management based in london we are talking as ratings agencies increasingly look at downgrading the debt rating but the entire city of the year is a including financially healthy countries like germany mr lidsky thanks for talking to us today now this is a crucial time for the old europe is pushing for more fiscal unity and meanwhile the u.k. is backing away from it what's the solution do you think i think for the united kingdom would put us in game because. if you see a whole economy develop here when your progeny wind down so many change from twenty five percent to ten percent of the same time financial sector a good

notice for areas including parts of france as well as into areas including germany, dealing with stronger storms. we're going to continue to see that pattern as we go through the day. but yesterday, we saw some winds that were hurricane strength through parts of the uk, especially up towards the north. it's still windy out there, and we're going to stay windy through the morning as well as into the afternoon. we'll start to see those really diminishing as we head into the evening hours. you can see for parts of ireland, for glasgow, still looking at winds of 59, for areas including oslo, looking at winds of 41. 30 in copenhagen. again, this is going to potentially cause some delays again. so make sure you're checking ahead to see how this weather is affecting your travel. and here's that big area of low pressure just spinning. and it's bringing moisture towards the east, even affecting parts of russia where it's also going to be producing some snow. we also look for some delays across that region. as i said to you, some delays out there. we're talking about 30 to 45 minutes, significantly

a lot of wet weather will be focused over germany and down through the low countries into france.will be rain into snow. we'll see heavy parts of snow in the scandinavian peninsula. so looking wet and wild for much of the north and west. down toward the south we have a lingering system which is actually just getting ready to rejuvenate itself and redevelop. so that will mean some intense storms coming into the balkans as we head into friday. here are your temperatures, not too bad to the west, 12 in paris, 8 in london and madrid, but things chilling down as you can see here, warsaw, and also moscow, just around the freezing mark. kiev at 2, berlin 5 for you and stockholm, 4 is your forecast. here's your extended forecast. >>> more news coming up at the top of the next hour, so please stay tuned to nhk world, i'm yuko fukushima.

into action in case the euro collapses and france and germany aren't able to save the day a little work in this week's edition of geeky science i'll share with you fascinating new findings about why and how exercise does the body and mind good and in tonight's daily take the theater of the absurd continues on capitol hill it's not time we all tell our congressman that it is enough. you need to know this banks are waiting around while france and germany figure out a way to save europe from financial collapse they're making plans of their own to deal with what might happen if or when the europe the euro does collapse is the wall street journal is reporting european central banks are actually trying to figure out a way to bring back all national currency they haven't been in circulation since the euro was created back in two thousand and two meanwhile nations like ireland and england are looking into whether or not they have enough printing presses online to deal with high. a demand for their national currencies should the euro go up in smoke switzerland is looking around for a new currenc

into iraq several e.u. countries including germany and france have also recalled their last there's a problem in. italian taxpayer. as are fighting against plans which can cost the country billions of euros in the middle of its kind of a crisis the military spending comes as the nation attempts to tackle its two trillion euro dad just to a new prime minister. to advise here in our town i'll bring you more news about thirty minutes time before dad oh well take a look at what's happening in sports with maytree. i know their sports are not signatory company again in the. europa league like marty made it draw all bets against things on thursday night to advance to the. new swing where water athletes going to be in when competing at the olympics staying longer. than the boss a three point zero for most adults should be good says come on school and it's run says a trick trick by the balls it can bust the balls you really. always start with a ball where in the europa league rubin have gone second in group a that threshing irish outfit shamrock rovers and cazan for one double from nuts about us and girls

summit in brussels as they race against time to save the single currency germany and france are pushing for mewing by the nations into a close knit union with its own taxes and find. a nato isn't taking russia's concerns of european missile defense into account it isn't ready to seriously work together on the shield the strong words from russia's foreign minister sergey lavrov nato russia and possibles. that says an outspoken. hello there sport or not good for the company again coming up in the world. make that double for the first time ever there will be two russian sides in the last sixteen of the champions league could join us in the on wednesday night. nothing but net. perfect possibles euro lake extending their winning streak to eight games in the competition. clay to play in england final group game at the euro twenty twelve be a fairly deuces wayne rooney's three match ban to two. hundred of course with football where russia will have two teams in the knockout stages of the champions league for the first ever next spring. and in their place on wednesday thanks to their victory at inter things were not looking

. >> stand skbrard poor's says it's looking into whether to down grade 17 european nations. in paris, leaders of france and germanyeed on a plan to save the euro. they want a treaty that would include tough budgets and penalties for any country that's go into too much debt. they'll present a plan at a summit later this week. and stocks gained ground today. the dow jumped 78 points and good news for nasdaq as well. finishing up nearly 29 points and s and p 500 rose almost 13. >> u.s. military has just made its largest-ever order of bio fuel. half coming from a bay area company. the pentagon is buying 450,000 gallons of renewable fuel in an effort to go green. half comes from south san francisco based solazine. it makes fuel from algae. another half is from a company called dynamic fuels. the deal is worth $12 million. >> the head of the faa has just been placed on a leave of absence after his bosses learned he's facing drunk driving charges. police took randy babbitt into custody and they say he was seen driving on the wrong side of the road in fairfax, virginia. he was the only person in the vehicle and was not in

france has come into line with germany on the position on eurobonds. >> germany and france are in totalgreement. eurobond cannot be a solution the crisis. i must say to the french citizens it would be a strange idea that other countries would have to pay for the deaths of others without controlling bond insurance. -- for the debts of others without controlling bond insurance. >> their german demands for e.u. treaty change. that could take months to push through. ♪ >> in a show of unity, the leaders of germany and france have agreed on a new plan to e.u.e the u.s -- lead teh out of its debt crisis. angela merkel and nicolas sarkozy said the proposal shows their determination to restore growth and keep the euro as the stable currency. >> it is a race against time. they want their partners to take action on the treaty overhauled by march. >> we are open to either changing the treaty for all 27 members, the most logical course. it is difficult to surmise if someone cannot participate. we will save the euro is so important it will go ahead and be open to others that want to participate. >> u

summit in brussels as they race against time to save the single currency germany and france a push in from you buying the nations into a close knit you know his own taxes and fines. up next financial pundit nice cause he discusses what's needed to keep the e.u. afloat. i'm max kaiser this is the kaiser report some are saying that economics is the new rock and roll i tell you what somebody should bring over to metallica because they are fearful of going on tour in europe due to the instability in the currency markets in the euro zone and around the world here's a group called metallica and yet they are completely on the heads and that they own absolutely no metal they own no gold they own no silver their manager is winning on about all the currency risk the currency risk gets a medal you're frickin moron oh that's right economics is the new rock n roll get off stage. stay here max i'll tell you who was ted's with the special purpose entities vehicle and that was hank paulson you know in episode two eighteen you said seven circles of hell from dantes inferno there actually nine we receive so many comments saying that m

into the next, andrew. we have people like france and germany, the two biggest economies in the euro zone coming out with their own plans. some of the plans don't see eye to eye. this gives you an idea of how many figures we have micking decisions and how their proposals vary significantly. we have timothy geithner arriving in paris and various comments from david cameron, the uk prime minister on the sidelines. all of that certainly won't help. we have nicolas sarkozy and angela merkel writing to van rumpoi today. it's likely they may have to settle with just 17 instead of 27. >> this is the interesting point, isn't it? who is going to sign off on this exactly? all this progress as you say, nina, in europe comes with that caveat. it's all 27 members of the european union that need to make the change. david cameron is prepared to block any reform that doesn't protect uk interests. >> the most important british interest right now is to sort out the problem in the euro zone that is having the chilling effect on our economy that i've spoken about. now, that obviously means euro zone countries doing more together

have voted in favor of the resolution drafted by britain france and germany it follows a serious signing off an agreement on a beleaguered service into the country to monitor how the regime is dealing with them arrest the need threatens to ask the u.n. security council to take action unless damascus gave the green light a red based political analyst to come i was in a believe however that the real situation and the country and exaggerated by arab states. well i think the syrian spoke very clearly they don't have anything to hide they have to let those observer to witness how the weapons smuggling from turkey from lebanon on from jordan are coming into the country and how these what bin infiltration calls in. those how to feed into those terrorists and how they terrorize certain area in syria today. there was a propaganda actually launched by some satellite of satellite trying to create a different pictures i was in syria just two days ago i was in damascus there is nothing. more than i was there i went to the cafe i went to a lot of places but when you listen to the satellite you think there is like a whole war is going on so there i

united front standard & poor's threw a big spanner into the works and put 15 euro-zone nations under review for possible downgrade including germany and france an put the brakes on the rally we've been seeing. >> we'll bring you numbers and detail in a moment. suffice it to say europe apart from the uk is off by 1%. have a look. these are the 17 that all use the euro. greece's credit rating reflects a high rick of default and cyprus which was already under review. as s&p mentioned they placed the remaining on review for gowngrade. that means there is a 50% chance of a downgrade in the next 90 days. the countries under review include these six which have the top rating aaa, austria, fin lapd, france, germany, luxembourg and the internet l netherlands. and as you said, the timing is odd, here we are making progress on the political front an now s&p has dropped this enormous thing into the works. >> absolutely. it will be interesting to have been a fly on the wall when sarkozy and merkel saw those. they're doing what they can to break the deadlock of the frefrp and german leaders both finally agreeing on a plan which they'll present to the eu l

two day summit in brussels that will decide the region's future germany and france are pushing for new each treaties to bind the nations into close to fiscal union with its own taxes and penalties but the first stop for many of those headed for brussels was must say with the region center right leaders are meeting whilst their french president sarkozy warned europe was at a great risk of disintegrating german chancellor merkel and for closer cooperation within the e.u. meanwhile the european central bank has cut its boring rates to one percent to get a boost to the economy and even his ratings die down but i'm hoarse with the whole e.u. on alert all twenty seven member states are facing a downgrade financial analyst your hand over belts it says if leaders fail to reach a solution of brussels the euro is basically finished. if by the weekend there is no agreement on how we should go forward or do agreement is very very good or not detailed enough the market's willing to interbreed that kind of result as more or less the end of the road for the euro and at that point in time we will have a real existential crisis of the euroz

two day summit in brussels a little spine the region's future germany and france are pushing for a new e.u. treaty to bind the nations into a close knit fiscal union with its own taxes and penalties let's get more now from august has also he's in brussels for us with the situation the dire how much value being pinned on this summit. well initially there are expectations maybe they can come up with some sort of a semi solution but right now after the speeches made by. mark merkel and you commissioner byrd also as well as chief druggy places actually the leaders in ma say there are the expectations sort of went down and markets have been reacting to where the first of all merkel and sarkozy have been using the arguments over this is a make or break day the euro could collapse that if we don't come up with a solution by to morrow evening there is no second chance but on the other hand you can see that they are trying to rally support for their calls for those new treaty changes there are still those who who oppose having to rewrite the treaties and changing fundamentally the european union. also. a german franco a push for f

for a key two day summit that will decide that we did future germany and france are pushing the new e.u. treaty is to bind the nations into a close knit school union with its own taxes and penalties however not on the euro zone states the more it is them isolated to be creating a two speed europe the u.k.'s guarding its own national interest saying it won't cite any harm its financial sector the european council president has proposed amending existing treaties to avoid lengthy battle fiction ratings giant standard and poor's has now put the whole new alert warning all twenty seven member states are facing a downgrade financial analyst you know how all the veld says if leaders fail to reach a solution of brussels the euro is basically would do what if by the weekend there is no agreement on how we should go forward or do agreements is very very good or not detailed enough the markets willing to interbreed that kind of result was more or less the end of the road for the euro and that point in time we will have a real existential crisis of the eurozone which means that in a very short period of time also germany will come u

the leaders of germany and france both said last week a fiscal packet should be written into the treaty so budget rules can be properly enforce today nations that failed to comply. >>> and microsoft is rolling out a new interface for its xbox. the changes will allow to you navigate through movies tv shows and games with the wave of your hand or voice. xbox owners with the motion controller can swipe through screens by waving their hands in the air. it will be available starting tomorrow. >> that is really cool. i've seen it. it is like you are swiping your ipad in the air. >> like minority report, remember that movie? let's move the universe around. >> what do you have for us the next half hour? >> well home heating bills this winter. budget more. get ready. this is your early warning. >> good thing we have had mild temperatures so far. >>> it is just about 5:08. howard is coming up next with your work week forecast. >>> plus some of america's greatest performers are honored right here in washington. >>> speaking of performances, what performance did the redskins turn in yesterday? ouch

into the early hours in brussels. the leaders of the eurozone countries, trying to set out a plan. the big players, france and germany, have made a compromise proposal. this envisages tough new rules on tax and spending in the eurozone. any country that breaks the rules will face a me-automatic -- semi-automatic penalties. and each member country will have their budget scrutinized by brussels. britain's conservatives were not at the meeting after david cameron pull them out of the grouping the five years ago. but those who did attend could not have been clearer. >> everyone knows if there is no agreement by friday, there will be no second chance. we need compromise and quick decisions. >> all the world is watching us. what it wants to see is not more national problems, but european solutions. >> most agree such a solution will involve this -- the european central bank. today, the bank lowered rates across the eurozone. the head of the bank disappointed markets when he played down the prospect of any new financial support for indebted countries. this evening david cameron arrived in brussels, promising interests brita

sarkozy told 5000 supporters that france and germany will push for changes to the treaties which set up the european union. the french president did not go into detail, but he did say the euro will not survive without a convergence of economic policy in the eurozone. >>> we are now on the phone line with our correspondent in paris. good evening. what do you make of sarkozy's plans for changing the eurozone? >> he did not spell them out directly, though he gave a hint monday that when chancellor merkel comes to paris still be some kind of announcement before the brussels summit at the end of next week. there was a hit in what he said about what will be announced. he is talking about the idea of sovereignty the key thing was he said that europe needs more sovereignty, not less sovereignty because it increases our capacity to act. it seems they are preparing the french public for an arrangement where this issue of sovereignty will be addressed, where france will give up a certain degree of its sovereignty in the interest of this idea of greater european solidarity. it is sovereignty, which is the key. the french are not too hung up about soverei

france and germany. >> that does little to allay the fears of some business partners. some worry that the country might descend into civil war when the americans have left. >> of all of the other challenges facing iraq, there has been no political reconciliation between the three main ethnic and religious groups in the country. they are scrambling for both power and resources, like oil, water, and land. there are also concerns about how regional partners, like iran and saudi arabia, will jockey for influence. but the biggest problem remains day-to-day security. >> seems like these are part of everyday life for the people in iraq. many lived in constant fear of attacks. it remains a major battleground for the al qaeda terrorist network. it could open the way for al qaeda to grow even stronger in iraq. >> connected to the fact that al qaeda and other groups are trying to give the impression that the u.s. is leaving as a result of their actions. >> the vast majority of iraqi's are muslims. more than one-third are sinise. she a muslims are the biggest religious group in the southeast. there are also tensions with kurdi