speaking greek ] >> yannis: this means greek.the land of your ancestors. >> anthony: the farm itself, how long has it been in the family? >> maria: this was bought by the grandfather of my father in 1901. [ statis speaking greek ] >> maria: for us in the family it's a very special place, and especially for me and i believe for my father. it has a special vibe. there's a good energy, this land. could save money on car insurance.nce you know, the kind of driver who always buckles up... comes to a complete stop... and looks both ways, no matter what. because esurance believes that's the kind of driver who deserves to save money on car insurance. in fact, safe drivers who switch from geico to esurance could save hundreds. so if you switch to esurance, saving is a pretty safe bet. auto and home insurance for the modern world. esurance. an allstate company. click or call. they keep telling me "drink more water." "exercise more." i know that. "try laxatives..." i know. believe me. it's like i've. tried. everything! my chronic constipati

in a very bizarre sense, the greek dilemma, which is a greek tragedy for the greek people, but the greeks proving remarkably positive for the european financial assets because of the effect on the ecb. you mentioned draghi, we mentioned janet yellen. never before, i'm asking you this as a question, have we seen where the markets are so focussed on central banks? yes. yes! it is the only game in town. it has been since the great financial crisis. exactly. the central banks have intervened very heavily in financial markets for six yea rs heavily in financial markets for six years and the financial markets are 110w years and the financial markets are now completely dependant on that intervention. 0k. now completely dependant on that intervention. ok. you will come back and take us through some of the papers. all right, we'll talk to you very soon, thank you, richard. still to come, turning rubbish into a resource. we'll hear from the woman whose company makes energy from waste. you're with business live from bbc news. sick pay and sickness benefits is costing state and businesses around £23

and an interview i am looking forward to is we speak greek bonds and greek debt forgiveness with a guest from japonica. they hold 10% of all greek bonds. ♪ francine: this is "bloomberg surveillance." secretary steven mnuchin and has stressed his desire to strengthen the economic bond with written, according to a statement on his phone call with chancellor philip hammond. we get an update with the latest jobs data in about 10 minutes. let's get the thoughts of manish singh and stephen gallo. you spoke to someone at deutsche bank yesterday, and he was calling the pound at 1.05 versus the dollar. where do you see it? stephen: on the dollar side, based on tweaks to fiscal policy 7%the u.s., we see a 5% to appreciation. for sterling in 12 months, we think it will trade at 1.37. the reason is that we think the political climate in the rest of the e.u. will move in a direction that effectively favors the u.k.'s position, the position the u.k. has adopted government.y we think the political transition and the rest of the e.u. as we move through the political cycles of various countries will allo

. 5096 of greek people are poor.ll these people who cannot protect themselves, because the state does not protect these people. after yea rs of not protect these people. after years of cuts, many greeks fear the imf and the leaders of the eurozone are preparing to demand more. calamari, calamari! traders in the athens fish market say that business has fallen by 70% since the debt crisis began to bite seven years ago. they warned that fanfare customers can't take any more. —— that they and their customers. translation: we do not believe them. they always want more cuts. there are always new cuts, and there are never newjobs. if the imf and the eurozone imposes more austerity, nothing will change. greek problems with debt have an ancient field to them these days, superseded in the world's attention span by brexit and the coming of president trump. the greek government says those changes are part of a wave of populism around the world that are going to help it to resist any demands from its creditors for new cuts. there

ministers meeting on the greek bailout. once again, they will tell greek officials they need to do more to get a new round of eight. germany wants to make sure the cooperation with the u.k. on military matters survives brexit. bloomberg spoke to germany's defense minister at the munich security conference. >> we want to have very close ties with our nato member and friend, the united kingdom. to work onty started the bilateral roadmap. we want to pursue it because we know we need each other. we are both members of nato, and we have common interests to increase our cooperation. germany has pledged to raise its defense spending to 2% are the middle of the next decade. john mccain is criticizing president trump for calling the news media the enemy of the american people. getold nbc that dictators started by suppressing the free press, but said he was not saying president trump aims to become a dictator. malaysia seeking four north korean suspects who led the country the day the half-brother of kim jong-un was murdered. authori

the greek economy is still in deep trouble. particular those countries which use the euro, if it were to default on its debt. chris received a bailout worth 86 billion euros in 2015. the next debt payment some 7 billion euros is due injuly. the greeks can't afford to pay unless it accesses can't afford to pay unless it a ccesses m ore can't afford to pay unless it accesses more funds from the bailout. it's not going to happen u nless bailout. it's not going to happen unless greece's creditors including the imf and eu, get more austerity reforms in return. the argument of the greek prime minister is it is reasonable. the greek economy hasn't grown very much and his people have been through enough. these results are due to the crisis of the greek people. everybody has to recognise the figures and to respect the sacrifices of the greek people. so the message is enough with austerity in greece. it could be destructive to discuss it even for one year or more, the basis of these results. we're going to take a brief break before comin

people who spoke latin or greek were considered civilized, part of the empire.one else, barbarian. according to legend, rome was founded by two brothers, romulus and remus. abandoned in the wild and suckled by a she-wolf, they grew up to establish the city. in actuality, the first romans mixed and mingled here -- in the valley between the famous seven hills of rome. this became the roman forum. in 509, they tossed out their king and established the relatively democratic roman republic. that began perhaps history's greatest success story, the rise of rome. from the start, romans were expert builders, and they had a knack for effective government. this simple brick building was once richly veneered with marble and fronted by a grand portico. it's the curia. the senate met here and set the legal standards that still guide western civilization. the reign of julius caesar, who ruled around the time of christ, marked the turning point between the republic and the empire. the republic, designed to rule a small city-state, found itself trying to rule most of europe. som

later, greek prime minister alexis tsipras hits at the imf again as the greek debt crisis shows signs of flaring up. that is all coming up. this is bloomberg. the open is now 12 minutes away. ♪ the hour,manus past let's get the bloomberg business flash. here is juliette saly. juliette: u.s. oil has held games near $54 a barrel after the international energy agency said opec achieved a record 90% initial compliance with its output cut deal, while demand grew faster than expected. the uae's energy minister said he is happy with the level of commitment to cuts. >> i am very happy with the compliance. i think the countries are committed, and we hope that in the months to come we see a similar or higher level of compliance to the numbers mentioned. trump plansesident to nominate former bear stearns asnomist david malpass treasury undersecretary for international affairs. if confirmed by the senate, his first job would be to guide currency policy. he would bring extensive government experience to a team that has little public service background. he previously served as a deputy assistant se

but conditions in the camp are so bad that the greek government and the unhcr are bringing people fromhios to the mainland, including those whose asylum applications are still being processed. >> the average for the last 4 or five months has been, for departures, has been around 600, i believe. that's official departures from the island. it's never easy to live in a tent all winter. so we're doing everything we can. >> the unhcr now has to put up new tents. some of the old ones were destroyed in fires. rightwing radicals staged arson attacks on the camp and its residents. since then, the refugees have lived in fear of a repeat attack. >> i was here. they burned down the big tent . others threw big stones from up there down here. others threw molotov cocktails . >> frightened refugees, angry citizens, a dangerous mix, says the mayor of chios. manolis vournous says the eu-turkey agreement doesn't require the refugees to remain on the islands. that's just how it's being interpreted. he says there's a lack of transparency. >> there's in general a lack of information of what is previewed by

do you think the greeks have to give more on pensions?been progress, but there's been tremendous pain. it's time to give greece a bit of a break in terms of the fiscal target. we're now running a primary surplus, do we need to keep a high primary surplus for a long time? everyone pretty much agrees there's space for additional debt relief. so you need to give the economy some breathing room to be able to turn the corner and to give greeks hope that indeed after this long period, seven years now, there's some hope for the future. >> i understand that, but does it have to be pensions? do you need breathing room on pensions? >> the pension system that been reformed. however there are cohorts which are now the current pensioners where a number of pensions are not commensurate to the kind of years that people have worked and the final salary. perhaps some correction to be made there. however these are people that are already on low pension. one has to be careful with any reduction. >> is there a mention in your book about the drakma, the greek

and the greek economic crisis — it goes from bad to worse, we'll speak to the former greek finance minister va roufakis. i'm katty kay in washington — christian fraser's in london. big increases in defence spending offset by cuts to domestic agencies and the state department — that's what president trump wants from his first budget. he's promised one of the "greatest military build ups in american history", and briefings by the white house suggest the increase could be more than 9%. also today, the defence secretaryjim mattis is due to deliver his plan for defeating the self—styled islamic state group. this is what donald trump had to say earlier about the military. we must ensure that our courageous servicemen and women have the tools they need to deter war, and when called upon to fight in our name, only do one thing, win. we have to win. we have to start winning wars again. when i was young in high school, in college, everybody used to say we never lost a war. we never lost a war, you remember. some of you were right there with me, and you remember. we never lost a war, america never los

the daily telegraph, a headline we haven't seen for a while, the greek debt crisis.ne according to the paper. that's based on what the imf have said, warning that greek debt is on this awful path and the question is, going to bail them out? they've said they don't want to do it, the imf are saying, not us this time. it's interesting because they will go to the eu and say that they need to help. injuly the eu and say that they need to help. in july is the eu and say that they need to help. injuly is going to come to a head because greece owes 7 billion euros. germany at the moment is really a m euros. germany at the moment is really am willing to help bail them out because angela merkel has an election coming up and a lot of populist parties in germany are saying, why should hard—working germans have to bail out people working in athens, it's not fair. and there will be that feeling that good money is being thrown after bad as well. if this is true, it hasn't worked and interesting to see how the people of greece react to the news. indeed, it's an alarming headline bu

we speak to the former greek finance minister at 8:30. the cash markets opened in london, 30 west ago. of euro stoxx 50, up 3/4 1%. , up, despite the initial call for unilever to be downgraded. copper, a great story this morning. copper will hit a thousand dollars. -- will hit $8,000. futures are down over 1%. i think we have to wait for the cac futures to go through the opening rotation. contra down 1% would be to everything else on the board. bunds open down. yields are playing a little bit higher. the equity story around the world is slightly stronger. bund yield, .23%. you have got bund yields rising, stop prices pushing a little bit higher. this seems to be applicable for risk on at the moment. we have two year government bond yields in spain on the move as well. on the left, you can also see the dollar has had a mixed session. it is a little bit of a move against dollar-yen, the yen moving slightly higher. let's talk about the first word news with juliette saly. 's $143tte: kraft heinz billion bid for unilever collapsed over the wee

the imf has never believed the greek debt is sustainable. reasons will not, you know, reduce the debt, and the imf according to its rules can't be party to this. if we can hold on until september, and if angela merkel gets reelected in september, as we hope she will — at least, i do — then i think things will kind of rumble on. there is a lot of uncertainty in the greek government too. they have been sending out contradictory signals. that is not new. what about the bigger point? surely many greek people are not liking the trump administration but thinking it is a racket. it has been a racket. you know, europe has, as we know europe... it is not necessarily a sustainable racket for anybody, but the current sort of international crisis could go one of two ways for europe. europe is under threat, you know, it is like jokers to left and clowns to the right. it is, we have trump on the one hand, putin on the other, interested in dismantling the european union, supporting illiberalforces in europe, and i think geopolitically this could be a momen

there is improvement in the greek economy.e to say that the fact we have only used 32 billion out of the 86 billion that was earmarked, that is a positive sign. what is the real chance of a deal today? when we speak to market participants, there is more and more of a risk that athens will have to pursue another unpopular, strings attached bailout. >> i am by nature an optimist. i hope there is an agreement today. if there is not an agreement today, it seems we will have one by the middle of march. i think we can sustain such a delay. obviously hoping there will be a solution at the end of the day. if there is not a solution, i don't think we should be discussing what will happen. we all know what will prevail, not just for the greek economy but europe in general. francine: all right, i am looking at the greek two-year debt, yelled at 9.9. let me turn over to marios maratheftis, standard and chartered. do you share that optimism? optimism.t share that missing opportunities to settle things quickly in the past, and that could be

they forced the greeks to stay in for political reasons. have come out and devalued. they we re have come out and devalued. they were forced to stay in because of the project, not just were forced to stay in because of the project, notjust economic. let's move on, the daily mail, minister says beware of buying a diesel. this is chris grayling, the trust for secretary. it is worth saying on the inside pages the department for transport guy is saying this is in no way saying that you shouldn't buy diesel. this is the minister saying that people should be environmentally aware in making the decisions they had to make. chris grayling has said that people should be aware of and alive to the point that if you are making busy journeys and to the point that if you are making busyjourneys and city environments than the habs there is a better environmental choice for you than diesel. dad is probably true, it on the other hand it is another mood music move against diesel, after a time where people were positively encouraged to go to diesel. that is wh

maria, from the greek perspective, the green crisis is not over. theure bro is a jer ran racquet. a way of keeping german exchange rates low. yes, i wouldn't get too excited ant the latest greek crisis, i may be wrong but there seems like a recurrence of a set of old symptoms that, the imf has mephedrone believed the greek debt is sustainable. the european commission for political reasons will not you know, reduce the debt, and the imf according to its rules can't be party to this, if we can hold on until september and if angela merkel gets reelected in september as we hope she will, at least i do, then i think things will kind of rumbles on. there is a lot of uncertainty in the greek government too, that i have been sending out contradictory signal, thatis sending out contradictory signal, that is not new. what about the bigger point. surely many greek people thinking not liking the trump administration but thinking it is a racquet. it has been a racquet. you know, europe has as we know europe... it is not necessarily a sustainable racquet for any

the former greek finance the problem is still debt relief.s unsustainable -- the unsustainable. it is sustainable over five years. interest rates are low on official loans. beyond that in the future, even debtu do not buy the full because i don't think anyone knows. even then, it is clear greece needs additional debt relief. that is something the germans are not willing to accept. in principle, they have because the euro group has said they will do more on greek debt relief. it is just with the german elections coming up, they are not willing to do the additional steps necessary to specify what kind of measures, short of a haircut, because everyone understands it will not be a haircut. andnsion of maturities bigger and longer grace periods. >> the germans want to see more austerity. morelexis tsipras put austerity into the greek system straw thatbeing the breaks the camel back? would greece be prepared to take more austerity? >> the germans and the euro group are talking about a target over the next 10 years of 3.5%. >> is that realistic? >>

this is the sixth year of the greek debt crisis, which started in 2010.y, and it still has on the table the idea of debt relief, that some of greece's bets just will not be paid. the eu, particularly led by germany, and with elections coming up, do not wa nt with elections coming up, do not want debt relief on the table. they wa nt want debt relief on the table. they want to keep the very strict conditions around debt relief on greece, that it has to provide this primary surplus of 3.5%, which is very high, and the two are approaching this at loggerheads. we had this in 2012, and again in 2015, when greece nearly came out of the eu row, nearly defaulted. we have the same pressure now, and with elections in the netherlands, germany and france, as you say, there is a real concern in the eu that this controversy will play into those elections. come the end of the year, the greeks may not know who they will be dealing with. i have to move on to the next subject, but with the elections... there could be different leaders. who may not have an appetite at all to

new greek 100 protein. from yoplait. >> reporter: this will break -- but this afternoon giving us a little sun. and then a little lesson happening for us before more storm is late to date. most the daylight hours and who will mean dark but at least it will be pretty much rain free. and when he will get and then just sat. until we get to about 630 but the heavier rain. but another set plan to get to watch out for it. and a little bit later on. >> reporter: apportion outside of that most of the bay area still going on the wind advisory concede these appends a whimsical expect this evening. past midnight tomorrow a brisk breeze we will have with that and that's about it. then we intensifies again tomorrow evening and that will become most of the heavy rain we have to watch out for as well stormy weather is expected as they go for ordinarily part of this week. looking ahead mostly cloudy mild more rain and wind late. then tomorrow scattered showers rain winds return by evening that we just showed you and in thi

can a greek deal get done?att: we are less than a half-hour to the open of european trading and it is going to be an exciting day after a surge in asian stocks. the nikkei up 2.5%. the s&p 500 rose to a record on optimism for president trump's tax plan. now we see european stock index futures pointing to a positive open. also on optimism for that one china backing we got out of the white house. ftse futures up 0.3%. dax futures up 0.5%. guy: it is a fascinating friday. you can see it across the gmm screen. the nikkei up 2.49%. the real blowout performance coming from japanese stocks today. the yen is down 0.4%. in the sbr in -- abe u.s. today. hazmat was saying, equities bid, bonds on offer. the other thing i want to show you, iron ore. very solid week. that is great news for rio tinto. we will keep talking about that. the bund yield this morning, we've seen a tracking lower, trending sideways. yields up, prices down. let's get a bloomberg first word news update. here is sophie kamaruddin. sophie: happy friday.

this is all to do with the dire straits the greek economy and banks are in.ar, 18 months, this notion of problems in the eurozone has gone quiet, but the problem is still there. greece is still basically bankrupt, reliant on a rolling bailout from the imf and european union jointly. the rolling bailout from the imf and european unionjointly. the ecb. every year or so it has to be renewed and there is a lot of political argy—bargy. greek bond yields have spiked and investors are losing confidence in greece. there isa losing confidence in greece. there is a row between the eu and the imf as to who will actually showed the losses the greece will impose and the timing of this means that it is particularly tense because ahead of the dutch and french elections, there is a lot of very tense politics and the eurozone. if the idea spreads that they may actually let greece go bankrupt, there will be fears about other countries going bankrupt. the eurozone will have lots of turmoil and contagion. high—stakes lots of turmoil and contagion. high—sta kes stuff. lots of tur

by finance minister yanis varoufakis is the greeks by finance minister yanis va roufakis is in the greeksthe building somewhere! not on this show! but greece will be back in the spotlight soon? it has a big debt repayments to pay back injuly, tonnes of european election is going on and european election is going on and european governments don't want to do any type of consolidations or anything on their debt, they want them to pay back their debt, get the imf is going against european authorities and saying, you have to do because there is no way they can grow themselves out of this crisis, you have to reduce the debt you want back, give yourselves a haircut otherwise the debt level will not be sustainable. this has been a problem 110w sustainable. this has been a problem now for seven years, where they have been not growing very well and in massive amounts of debt. they will never pay that back but because of all the elections in europe, no—one in europe wants to say, actually, let's be realistic and cut their debt levels. they all want to say, no, you need to pay us back otherwise we mi

greek prime minister alexis the progressded made by the greek economy. avoid ouranage to backs being against the wall, this is due to the fact that we ended 2016 with growth while everyone was forecasting a deficit, including the imf area -- imf. reporter: greece doesn't retain a major deadline until -- all sites prefer to have an agreement before elections in france, germany, and the netherlands later this year. >> moving on now, who knows if profit surged in 2017. operating profit increased to 2.3 billion euros. the world's largest steel maker has returned to profits for the first time in five years. boarding a net profit of $1.8 billion last year. back frominging losses of nearly 8 million in 2015. global commodity prices have also begun to recover. it could benefit from a planned increase in infrastructure spending in the united states. outdisney is trying to buy private investors and take almost complete control of euro disney. that is a company that operates the paris theme park. 1.5 billion euros into the business, especially since the terror atta

this is the first printing in rome using greek fonts and it's basically a greek poet but what's important about this is that the entire font is the first to be seen in roman imprints and it has a lot of commentary of scholars that attributed to the text. you'll see manuscript books, you'll see maps and then sometimes modern things >> i'm always amazing how they preserve >> these books were done on very nice paper and they tend to last as long as they're treated well and this binding is later as is this one on the hawaiian book. i did bring an interesting more modern thing from 1963. it's bob hope's sort of war horse, i owe russia $1,200 first edition. the reason it's interesting is it also has a dedication to a priest in southern california and signed by bob hope on the fly leaf itself but in addition to that, there is also 24 pages of type script carbon copies of the jokes that he did when he did routines in southern california. most of them were through the societies of police and they were always very bad jokes from the 60s usually involving i hope you don't steal my cadillac outside w

it's not a pleasant story but i think it's a greek tragedy. i don't see how it could have come out differently. slavery, different. i'm going to be briefer -- this is really a big story. okay? to be sure. the founders thought they knew that slafry was incompatible with the values on which the american revolution was based. nobody disagreed with that, including southern planters in south carolina. nobody said slavery was a positive good. nobody. but it's embedded in the economy of all the states south of the potom potomac. they as a group assumed that slavery would die a natural death over time. adam smith said this in wealth of nations. slave labor cannot compete successfully with free labor. so if we can confine it to the deep south, it will just shrivel up over time and die. and they end slavery in all the states north of the potomac in the late 19th century one by one. the last state in 1802 is new york. they all adopt gradual emancipation. but it's really easy to end slavery in the north because of the numbers. 95% of the african-american

joining us to talk us through the greek story, lynn graham taylor, here we are again talking about greek paper and the potential for a greek crisis again. what do we do with this intel? beauty is in the eye of the beholder, the imf doesn't see any attractiveness around greece and its finances. should investors be concerned? >> it's become an inopportune moment. we have election risks, we have the trump presidency, and the tapering of qe purchases by the ecb. adding all that together, it is not a great moment. >> it sounds bad, but those taking an overarching view say there is no way greece will be cut loose at this point. you have seen the commitment from many european partners to keep greece apart. why would we have question marks about debt being written off? >> we also fall into the camp that we think greece will stay in the eurozone, certainly all the past history suggests some compromise will be reached to keep them in the eurozone. it's just uncertainty for the market. the negotiations themselves naturally affect the other peripheral countries in the eurozonement. >> what is christ

helena is here with the greek report, edition 5000. helena: absolutely.y seem to be singing from the same hymnal, but it's not the sweetest of tunes. meeting in brussels to talk about those conditions attached to the latest tranche. a signal that lenders have arrived at a common place regarding debt relief. the debt stands at 180% of gdp at the moment. according to the imf, to stimulate the economy the figure would need to be reduced to 124% of gross semester product. european lenders are adamant, no debt relief. this graph shows how the debt has run away from the gdp. despite so many bailouts, of course. 2010, 2012, and 2015, you will remember as well. public spending cuts in return have been painful. so, where is the relief? for the time being they are headed back to athens without hair cut in its pocket. the release of the bailout loans depends on greece and its bailout agreement. that will be tricky, of course. you can see they have already implement it reforms and so far they have not been popular. -- implemented reforms and so far they have not been

it has been an extremely painful path and very difficult for greek citizens.the financial times suggests even to this day there are some people who believe that that day reckoning was affordable. but you could have avoided it. i wish it was the case. the fact was the markets knew very well that the country was running a deficit doubled the one it was officially declaring. debt was very high, so there was no way to continue this charade. greece was living beyond its means. the day of reckoning had to come. and u nfortu nately reckoning had to come. and unfortunately greece found itself in a difficult position in the eurozone where markets were getting increasingly worried about rising levels of debt after the policies then. we where the canary in the coal mine, the first one there and others followed. after us it was portugal, ireland, we just others followed. after us it was portugal, ireland, wejust happen to be the first. and we got the whole brunt of the eurozone that was unprepared for the situation they thought they would never have to face. some believe

he wants to persuade reluctant greeks to take on further reforms.ow, those will unlock badly needed loans. months of failed talks, of raised fears, of a new debt crisis. that could once again jeopardize greece's place in the eurozone. >> finally, some good news for struggling greece. the country beat its 2016 fiscal target. achieving a budget surplus of 2.3% of its gdp. the e.u.'s top economic affairs official said the figure sparked hope but cooperation remains crucial. >> looking ahead, continued good performance, crucially hinges -- we're working intensely to compete the second review, and we should do that on the basis of the right figures. >> in athens, greece's central bank chief pushed for a speedy agreement with international lenders. further delays in the conclusion, beyond the current month, would lead to a new cycle of uncertainty. make reaching a deal more difficult, and undermine a projected economic recovery. he's expected in athens on wednesday to help those review the reforms for lenders. meanwhile, they are also locked in a dispute

hardhearted to the greeks and europeans. she'll go down as the chancellor who as in so many things changed her course so many times no one knew what her heart was all about, quite frankly. >> one final question, i would like to talk about donald trump because the european -- yeah. get him in here. the europeans seem to be so high minded, pointing to america and saying trump's policies are so ill liberal, building walls, building fences. injecting immigrant -- ejects immigrants from the country. is europe not doing the same thing by building walls and fences? >> we don't have time -- in europe it could be different but i would quote an afghan expert who said it could be a blessing in disguise for us in afghanistan, he could have better relationships with russia. >> ok, we're going to leave it on that note. thanks for joining us. i hope we've given you plenty of food for thought. if you've enjoyed the program as much as i have, do come back to "quadriga." until then, bye-bye. ♪ >> this week in global 3000 we head to the united

greek yogurt is a po greek yogurt is a dairy product and finally greek yogurt is just a regular yogurtaughter and applause ] sigma chobrani. up next, we have swans -- >> steve: swans -- >> jimmy: swans are a type of a a bird. they mate for life. swans are just geese rocking the smokey eye. [ laughter and applause ] they should hang out with ryan goose. >> steve: they should hang out with the greek yogurt guy. >> jimmy: ryan goose, yeah. finally we have filters, filters are used to make coffee. filters are used by people on snapchat, and finally, filters are what donald trump was born without. there you go. >> steve: oh, there he is! >> jimmy: that's all the time we have for "two truths and an alternative fact." stay tuned, we'll be right back with neil patrick harris, ladies and gentlemen. come on back. [ cheers and applause ] ♪ (vo) love. i got it. i gotcha baby. (vo) it's being there when you're needed most. love is knowing... he's the one. (vo)...it was meant to be. and love always keeps you safe. we're fine. now and for a long time to come. the all-new subaru impreza sedan and five

you talk about haves and have—nots and we move from germany, who are the haves and to greek have—notsn sight? it is also one of the things that was happening a couple of years ago and it is something that has stayed with us. but there is a challenge to move forward because there is quite a disagreement between the imf and, for example, the german government as to how to proceed with this. the greek government asking for some form of debt relief, some aircraft, but the germans saying that would breach of the list on treaty —— lisbon treaty. several billions of repayments lisbon treaty. several billions of re payments are lisbon treaty. several billions of repayments are due this year so we will see injuly, for a five billions that greece needs to repay sirwe billions that greece needs to repay sir we will see an acceleration of this debate andy may turn something bigger. germany also has a big role to play in terms of its financial pressure that it can bring on anybody that has dealings with it. is there a feeling in germany that it is needing to hold back those calling for greece to j

the greeks can pay come along -- the greeks can't pay, won't pay. throat. can't pay, won't pay, don't view. >> this is not a populist view. this is correct. we have lost 25% of greek gdp. we have over taxation at the moment. so, it is impossible to go on. this is why you do not need additional reserves. that is why a lower rate makes a lot of sense. haidi: that was the former greek finance minister george papaconstantinou speaking to our manus cranny. man, will he be able to rekindle growth after almost four months of boardroom turmoil? we are live in mumbai, next. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." shares surged as the world's shipperiron ore revealed a shareholder restructuring. the brazilian liner has been controlled by tension funds and banks for two decades. the expiration of a shareholder pact could see stop expiration. a shoulder -- a shareholder can't own more than 25% without an ipo being held. burger king could be looking to purchase popeyes kitchen. they are in advanced talks with popeyes and a deal could be an

greek ministers are seeing the reports are not true because the greek economy is doing well but theyays say that. it is difficult because the imf has been saying for a long time, we think that greece should be allowed to restructure its debt and germany in particular has been digging in their heels, saying, no way, we will not do that because berry difficult politically for them so berry difficult politically for them so interesting to see how this plays out because clearly the scenario in greece is unsustainable. economically. the tax rates, all of it is unsustainable. and what they are asking for pensioners. the imf is right, they can't the eu huge crisis where eu fl crisis where the the eu faces a huge crisis where the existence of the euro - eurozone existence of the euro and eurozone is in question again. can either of you remind me of the arguments against pro— increase out of the eurozone. leave, we will deal with ourselves. there is no legal framework in place for a country to exit the euro as in the single currency. they could put one together. the problem is, it's the unknow

the greek government faces debt repayments of $7.1; billion this summer.d by the lenders, and in return the lenders will agree to release more money from the country's $91 billion bailout pot. there you go, athens. so far, tick, tick, tick, but none at the moment. so, what kind of treatment can greece expect at the hands of its lenders? here's how the international monetary fund's spokesman put it last week. india's space agency successfully achieved a world record, have we got pictures of it? — oh, there we go launching 104 satellites in one go. its commercial launch operations are much cheaper than in other countries, and it's been creating a thriving ecosystem for privately funded space programmes. lava streams from a vent low in the crater flow down to the sea on the east of the island away from the town for the time being, but it could start flowing again at any time. the russians heralded their new—generation space station with a spectacular night launch. they've called it mir, russian for ‘peace'. this is bbc world news. the latest headlines: confus

a greek crisis as a last thing we need says are bloomberg view columnist.he bloomberg to year is approaching 10% so it's coming down a little today. it is a politically heavy year . vonnie: for more on what is driving global markets, let's bring in our market reporter for bloomberg news. he's looking at our technical indicator. let's begin with this idea that with all the political risk out there, how are we seeing record closes. ? yesterday was the nasdaq and now it's the dow. >> there have been many excuses to account for the global market rally. we have seen exchanges reached record highs. i think technical indicators are very important and probably underappreciated. specifically the outlook for next supply of equity. in 2016, the supply of net -- it was actually actually fell for the first time ever. suppliers net equity are projected to flat line. buybacksecause share received a lot of attention. share buybacks as well as leveraged buyout and m&a, that's the activity that decreases the outstanding stock. it has offset activities that increase the outst

manus: nothing like the greek situation to take us down to the wire. thank you very much.eorris is still from bnp paribas. have a look at this. great government bonds are not exactly widely owned. dates,, dates go. dates go.ome, it is not about who owns the greek bonds but about their contamination impact in terms of high yields and investment grade. is what shakesat markets and moves the story. >> more so during the euro zone crisis. the relationship has faded over time. we think we will get a deal in the end. it is probably more trade from the hedge front when you view than driving spreads as opposed to seeing a repair between the two. , wes: earlier this week spoke with one of the world's biggest holders on greek debt. here is what he had to say. >> they came out with their primary balance numbers which do not get much press. they have the second-best primary balance in europe. at .9. still had them they are coming out at almost to play for. and they even paid out a christmas bonus of 600 million. had they not paid that, they would've been close to three. manus: second

that today in wilmington, they soluted black greek life. fraternity and sorority chapter showed up at the ymca for today's event. there were performances and displays about the greek organizations. we'll celebrate african-american heritage all month long. there was a series of impressive science disapplies in university city. the best part everyone tried them. drebltion university hosted a day of hands on science for a second straight year. they walked in a pool that seemed like a solid that flows like a liquid. they used fruits and vegetables to make electricity. time for a final check of the forecast. >> we have a warm up on the way next week with temperature in the 40s and eventually the 60s. >> that's amazing. >> we'll show you double scan radar, no issues with precipitation. it's dry but chilly across the area. we'll show you the picture outside. looking at the ben franklin bridge on this saturday night, we have a partly cloudy sky turning cloudy throughout the night. we'll be tracking an area of low pressure cutting up to the north to

what extra efforts are being demanded of the greek? government -- of the greek government? creditors, much more before are on the same page on what is being demanded from greece. extra measures when the tariff bailout program expired, lower the threshold on the income tax and have extra measures on the pensions. even though pensions increase have already been cut 12 times in the last seven years. we will see in the next few months. they can -- we will see if they can find political solutions. anna: thank you very much. that will wrap up this hour. up next, is surveillance. this is bloomberg. ♪ francine: banking blues. hsbc to extend a billion-dollar buyback. it fails to overcome a wider quarterly loss. these are interesting times. the dollar bulls are handed the bats. a fed policymakers as next isth's central bank meeting still live. have they prepared the market for a march move? marine le pen's party headquarters are rated. investors piling to optio

they're not doing enough, that's the imfs view on greek reforms as talks continue to get the fund to rejoin the bailout program. investor jitters over debt payments due in june an july pushing the greek two-year yield to the highest level in over seven months. at one point going through the 10% mark. the imf board of directors is split over how much of a surplus it needs to see in the greek budget to reconsider supporting the country. the chief market strategist from hsbc bank joins us. greece, with yields at seven-month highs, above 10% as we just saw. these debt payments due in june and july, how much of a greek story do you think we'll have to revisit in the next coming months? >> we think there's going to be a deal. probably still this month and before the duck elections. obviously the european calendar is very important. so i think you need to see it in the context of the broader european risk that we're having. so you see french yields on the french presidential elections. we think the french elections are the crux here. the question is how far le pen gets, how much support she

they bring large numbers of indians or egyptians or chinese or greeks or anybody else they can get, give send them to universities in the soviet union. they call together and have big meetings in moscow. going back here just for a minute for exchanges the soviet union put on one stunt last summer in which they spent more money than the entire united states government does on all of the information and cultural relations work for one year. for one month the soviet union had 50,000 students from all over the world for the great youth festival we hear about. the 50,000 delegates are gathered in the moscow stadium to hear about the soviet version. the word mere is russian. >> here is the delegation reported to be from the united states. in keeping with the festival's theme they release hundreds of white doves, an age old symbol of peace. delegates during some of the daylight hours. this is the kissing ceremonies. the boys select a girl by throwing a scarf around her. ♪ but it's back to the stadium for the grand propaganda finale. what percentage of the people who attend these festivals are k

the greek government is hoping for a deal to release the next cronje of bailout funds on march 20. the saudi oil giant aramco has bought a stake in the oil rig -- refinery project in malaysia. it would make aramco the single largest investor in malaysia and expand its research -- region southeast asia. shares of target a plunge 13% after it reported disappointing sales and profits for the end of last year. they have been unable to keep up with amazon and walmart. target projected a slump for it least the next two years. chief executives are expecting a return to growth only in 2019. starbucks is making a brave that in a new market. despite operating in 70 countries around the world, the coffee chain currently has no outlet in italy. it's now taking its first steps adapted -- especially rose three in milan. the move is a gamble. fort has taken 35 years starbucks to finally open its doors in the land of coffee. wascompany ceo said it going back to 1983, and despite trying to break into the local market. where i now a point believe we are ready to come. i also want to say with humilit