how the imf works?st: i do not recognize your discussion or the description you have in the book -- your description or the description you have in the book. it is true that the fund engages with all th countries. part of its job is to review the country policies and give advice which the country can choose to take her not to take it, including the united states -- take or not to take, including the united states. when the country gets into longer meetcan no its international bills, it goes in and tries to help the country to straighten things out. they are not connected to the cia, they are not connected -- they don't lend it to corporations. they landed to governments -- they lend to governments. there are strong and weaker governments, more and less attractive governments. it is one of the challenges of the international monetary fund that you have to work with the government that is in power in the country if you want to help it at all. sometimes that has led over time to working with less than savo

there was an imf program was also conditional in 2008 which tymoshenko negotiated.at was about 16 billion. there was a 16 billion imf program in 2010 and poroshenko was part of the negotiating team. both of those were canceled because the ukrainian government failed to live up to its pledges of the conditions they had except did. there's no guarantee that yet another multibillion imf conditional program will be met by the kind of difficult choices -- and that is poroshenko's challenge. >> he needs a political instrument in which to implement any kind of political program he might decide on. the problem you have is the lack of political structure, real political parties, instruments you can use to effect any kind of policy in ukraine. it's great to articulate and annunciated policy, but how will you bring together the people to actually implemented? that's been one of the challenges at places like ukraine and elsewhere have had over the last 20 or 25 years. >> u.s. sanctions influence the flow of events in a good way? were they effective? >> i have a somewhat differe

>> on the imf, we have seen what imf help means to a country.you don't get the money without strings attached. and the strings are what we call austerity. that means pensions will be reduced, salaries paid by the state to federal employees will be reduced or people laid off. that means all of the utility prices in the country will go up probably 50% to 100%. emmys the job market will contract. there'll be more unemployment. you're worried about destabilizing ukraine, the imf will now come with these measures. let's look at the humorous or ironic part of it. the first part of the money was paid, i believe, this week, $3.5 billion. it is approximately what ukraine owes russia for natural gas already delivered. so rush is saying, great. just have the imf send the check to us. that will be decided in the next few days because russia says if we don't get paid, we aren't going to send any more natural gas. it is not winter now, but they still needed to turn the lights on. russia is not opposed to the imf paying ukraine's bills. is notlity is, ukraine

there was an imf program for ukraine that was also conditional in 2008. whichian, who just lost the election negotiated. it was 16, 17 billion. >> there was a 15, 16 img program in 2010 and poroshenko was part of the negotiating team. both of those were canceled because the ukrainian government failed to live up to its pledges of the conditions that it had accepted. so there is no guarantee that yet another multibillion dollars 15 or 16 billion-dollar imf conditional program will be met by the kind of difficult choices, that is poroshenko's challenge. >> he not only needs a political program but a political instrument in which to immr. empty any find of political program he might decide on. the problem you have is the lack of this political structure, of real political parties, of instruments that you can use to effect any type of policy in the ukraine, so it is great to articulate, enunciate a policy but how are you going to bring together the people to actually implement that? and that's been one of the challenges at places like ukraine and elsewhere ha

the imf hints the situation in ukraine needs to be addressed. >>> and u.s.quities close out april with a bang. the improving economy may force some investors. we think the idea of selling may go away. they're ignoring the weak first quarter gdp figure. >>> celebrating 25 years of cnbc as well. sterling hit a five-year high against the dollar after strong manufacturing pmis come in at 54.5. sterling now above 1.6. other data out, march mortgage approvals coming in at 69,592. that's a little bit shy of the consensus as well, mortgage approvals, consumer credit, up 1.1 billion in march. versus february's 0.6 billion. that's stronger than the forecast 0.7 billion. the mortgage approvers, looking to be around 72,000. but anyway, stronger manufacturing data, consumer credit is stronger than expected as well. joining us with his thoughts, marcos welch, strategist. we saw the strongest gdp and the manufacturing pmi suggests it continues. >> yes, it does. the manufacturing sector is one of the sectors doing particularly well. it's clearly benefitting from a less adve

and under the imf schools. those countries russia china brazil india those countries should get more. ah weighted voting authority in the imf that in the united states blocks. you know every form of the imf quota system to reflect that it's not non western countries they're really fun to be the odd. washington the shrine to the mosque it will bring you more news from open. the air. i was. they tortured the convicted murderer to death with a bulky strange brew of lethal injection. first his name is living and writing gasping in pain for forty minutes until it finally died of heart attack. no europeans read what i said america. oh well manufactured chemical debt the consensus is that making it won't be over. with adversity comes opportunity this could be huge growth industry for the president does so complex in america manufacturing more intimate more gruesome instruments of that the doors. stories. you can do. changing the world likes. eight years the kitchen . she stirred opposition leader on a visit to washing

the imf policy advice was to good use by countries to create ordinated global response the imf also provide funding and an unprecedented scale. i want also on the web. and they've seen the torrens title. is uni. changing you'll both be well known is that the jumbo that i got today though john was gone on that idea is on the brink of extinction in many fall to the one except in one room old color of thailand with a tiger is thriving the ferocious god has been tamed by a handful of buddhist monks are too hahas this fascinating story from time. i learned to play or a private eye to such a nice cheap that it was a long time le. laurie century established twenty years ago one of them. one hundred and twenty tigers now call the temple home. the monks say they live in harmony with the sch each piece the natural instinct to think of it. we can retrieve the female tiger kitten who on february nineteen ninety nine. so scott to the tiger temple from that time. and now as i speak as so many animals. go to some chai is probably the least popular man in the temple. the tigers know a visit from the delta

fife o imf officials assess each country's policies. david lipton held a news conference in tokyo after the imf completed the latest review of the japanese economy. >> over the next year, japan's economy looks set to weather the effects of the consumption tax hike and continue growing above potential. but the imf official says japan needs greater structural and fiscal reform efforts to shift to self-sustain growth over the medium term. they call on japan to increase the employment of women and elderly workers and accept more overseas workers into the labor force. the officials also proposed that the country gradually increase the consumption tax to at least 15%. they say that lowering corporate taxes will raise investment and growth but not sufficiently enough to offset a revenue decline. they stress that the government would need to identify additional revenue sources to make up for that decline. >>> on to the markets now. many asian equities facing downward pressure as we close out this trading week. investors refraining from taking r

when taken by ukraine and decisive measures have just been taken by the imf. so there has to be in a very strong endorsement for the program which will release over the course of the next two years seventeen point one billion dollars in net. different instalments over the course of those two years. it's a program which i as implementation risks. it's one where we are trying to mitigate the risk as much as we count instead the imf predicts their ascension to the russian economy. economic growth rate in russia has been slowly but steadily falling for complex has taken the head of the rice an imf mission. the situation is worsening because of the geopolitical conflicts the international monetary fund forecast that in twenty fourteen capital outflow from russia could reach one hundred billion dollars maybe you and a us sanctions will have negative impact on the investment climate plants under duress facts. mini me was celebrated in different countries of the word however somewhere slogans and flags were not enough more details in this sorry nineteen there is crap.

imitated not agree with the imf policies. but that is not fair to her.eil: but with condoleezza kids get up the dust with the war in i understand that >> i agree. she is the first female president of the imf you don't think she has something interesting tuesday? -- tuesday? nothing to take away from that? you would not want to hear her speak? neil: no. that does not mean i would not allow her not to come. but people on both sides yvette michelle obama and you can take away something from all of these women it is a shame. >> to letters speak but don't listen. neil: exactly. >> here is the reality. neil: she is supposed to speak this weekend. [laughter] >> some of the most solid title issues have started on college campus sees one dash campuses and look back at the epicenter but --. neil: food interviewed does speaker your college? >> we had tom friedman. we are all excited but people who were not excited was still respectful that he was there and most people paid attention. i am surprised you are not a little bit more encouraging. >> it does not matter. >

there's not much the imf can do about that.s a matter that hopefully can be resolved by diplomatic channels and can be addressed in a cooperative way by the various parties involved. but it is a risk that is looming over the program, it's clear. >> doesn't russia really have a strangle hold over ukraine because of energy, because of the pipeline, because of its connections do say nothing of the military? but economically, doesn't it really control the future of ukraine? >> the two -- again, there are two channels of contamination or contagion. one is the trade channel because about 25% of ukraine exports go to russia, that's one. and the second is the energy channel which does not only effect ukraine but others given the transit post that ukraine is concerning gas -- some of the gas that goes out of russia to the european countries goes through ukraine. there are anchors of risk in the whole situation, yeah. >> i want to talk to you about sanctions and in this instance the sanctions were criticized for being weak because primar

the imf report says yes they will hit this target in 2017.hat is fine, but you're fighting against certain fundamental structural forces in japan, particularly things like demographics. they make it difficult to believe in the strong growth, higher growth rate and higher inflation type of economy. expectations may have been quashed in the short term, but again, it is a bit like the sensitivity we are talking about with the ecb. the sensitivity to policy measures is inevitably going down. question is particularly with china, and stealingeaken back some growth from the rest of the reason, whether japan can sustain these kind of growth stories over the next two years. >> what you're telling me is that more stimulus is coming down the pipe. if you look at this sort of gdp metric, as in what percentage of gdp are we going to -- we're probably going to cede another five to 10% of gdp in terms of ge to materially affect much. again, i'm not sure this is a story for 2014. it might be next year that we start to see the fight coming back into the japan

. >> well, analysts at the imf are concerned about russia's economy and the effects of u.s. and european sanctions. so they downgraded their forecast for growth. analysts have predicted growth of 1.3%. but the head of the imf mission in moscow says the sanctions will slow the pace to 0.2%. >> difficult situation. especially the uncertainty surrounding the geopolitical situation. and follow-up on sanction and escalation on sanctions. weighing very negatively on the investment climate. >> investors have pulled their money out of russia, too. more than $60 billion worth, in fact. analysts at the imf expect that by the end of the year the outflow will add up to about $100 billion. >>> chinese officials say a key manufacturing index approved in april for the second month in a row. authorities a t the national bureau of statistics announced the purchasing managers index for april stood at 50.4, up 0.1 point from march and above that break even line of 50. analysts say the second straight monthly increase suggests that the economy is improving at a moderate pace. the index had decl

gregory was presented with the imf come to soups as well. well on this but i hope so. i mean if the imf was going to be used for purely political aim here and to bolster our view of the situation. in the ukraine the new wood became a speedy end of the line at many high enough was enough london's come with come with conditions and thankfully so in most cases of it some pleasant conditions can be a little bit screwy but in this case is to throw money at the ukraine. the wise i'm utterly convinced that the that the oligarchs running the ukraine or even in the olympics when russia so um i think is probably a good thing does anyone think in this case causes of its type is much more to come on the world this week stay with us the african union. your eyes on it. bringing you the latest from across the continent. missed opportunity. and of cos we got home. in any case i first read this. in march two thousand thirteen cyprus with a lubricant bankruptcy in eighteen seventeen the road safety card. in exchange for a moment the european union imposed a tax on bank deposits. two yea

the forty from an agreement with the imf with it. he knew when he's ready my micro financial aids. a new framework for the overall package. so we already support your grave. causing change. our reforms. and if life begins quarter. he's one of the main reforms that has to be undertaken. so for a decent stable ukraine. what can we continue to study session of the country. he presented to keep ethos jerry measures to stabilize its economy falling years of financial mismanagement the imf has promised a fourteen billion gallon a package in exchange for speaking reports. rice's attempts to de stabilize the country baxter and unrest in east and threatening military intervention have a green sticker free to balance the scale is already raised gas prices for hickory anything to hide them again but you'd percent a move that could further case the fragile economy. you know ukraine's she prosecuted the cheese the country's former president they see an exhibit of having a mafia style syndicates these crimes cos the former soviet republic of two hundred billion dollars and cents of the stolen mo

the imf has come as the fourteen billion dollar aid package in exchange for sweet the reports. rice's attempts to de stabilize the country baxter and unrest in east and threatening military intervention have intrinsic every doubts the skill is already raised gas prices for ukraine anything to hide them again but each percent a move that could further case the fragile economy. bought new one. some residents off the east and says he'll keep crying slowly on this site by employees of the standoff in east of the country and are still in place the cloisters the following piece of land the comments come as the city reminds the neck piece and tall but to the take off on maths russian separatists season government buildings and calling for separation from you crying the storm. i am with delta delta for unified ukraine. honestly i'm fed up with everything that's going to try to stop people are afraid to walking the streets in general to go adults in the majority of stores on what team i would like everything to calm down i would like to get to rush it. it was indeed better than old tabl

was taken by ukraine and decisive measures have just been taken by the imf. so there has been a very strong endorsement for the program which it will release over the coals of the next two years seventeen point one billion dollars meanwhile pro russian separatist remaining control of several government buildings in dozens of cities and towns in eastern ukraine meteors are also holding negotiations with militants were taken seven military observers hostage in the pro russia stronghold of sloppy ounce. and train down to unite stage of botched execution in the state of oklahoma has reignited the debate over the death penalty. thirty eight year old clayton market was scared to be put to death by lethal injection on tuesday. but dr stop the execution when he began composing and whiting in pain. he then died of a massive heart attack about forty minutes after the procedure. state officials had been testing a new cocktail of chemicals in its lethal injections. human rights groups have condemned the incident as torture and called for nationwide ban on capital punishm

that the imf has helped suppress women world wide.f hirsi ali. >> we listen to with many has nothing to do islam o the shrai a: what we are seeing time and time again is tadly it's not an aberration. >> bob, colleges are supposed to be a place of debate, and they seem to be more close minded these days and against women. why is that? >> first of all, greg is not here to say it so let me say it every college campus is like this in america because they are a bunch of comie teachers. you have 500 protesters in one place and 15 in another, and these people pulled out. why not say and do it. if you are going to get some heat and you you've got to have a college graduates there, you are going to have some people who are not going to like it. i'm curious why people aren't willing to stand up and say what they want to do. >> the thinking behind it they don't want to make it about themselves. they want is to say classy, ths about students. i'm going to be a huge distraction. how about for a money perspective, eric? do you think maybe we should

we also have the imf extensively talking about the german economy. the news conference events were taking -- were overtaken with questions about what is going on with the ukraine because the german foreign minister is in ukraine at the moment. he is trying to get talks together, try to get these parties together to talk. there was another meeting that will take place today and this one is led by the organization for security cooperation. the osce. the other organization which they are looking to actually lead these roundtable talks, they want to bring together the kiev and ukraine central government along with pro-russian separatists to try and talk these issues out to the magically -- diplomatically. angela merkel was asked if she thought these talks could be successful. is call to make a contribution, including russia. we believe roundtable chaired by the osce is a good opportunity to do this work. the more a presented its, the better but it is still clear but only those that are welcome are ready incredible to achieve goals not through violence. m

the imf has called for a whole range of cost-cutting measures including suspending a look sector wagecreases, and in addition, kiev must cut down on tax evasion. this is described as inefficient and opaque and is expected to face the biggest overhaul. the ukraine has one of the highest conception levels -- consumption levels in europe. >> we believe that the ukraine has an opportunity to seize the moment, to break away from previous practices, both from the fiscal, from the monetary and from the government's point of view. >> the conditions are likely to hit households hard, and could strengthen the tenuous grip on power by the interim government. the chief programs were suspended after the government failed to meet its target. >> in northern ireland, police are questioning gerry adams over a murder committed by the ira 30 years ago. sinn fein has denied any involvement in the disappearance and killing of jean mcconville. >> killed and buried in secret the irish mother of 10 was disappeared by the irish republican army just before christmas in 1972. the ira admitted her killing in 199

all imf members. china as well.ssue. >> you can catch the rest of chuck hagel's interview with charlie rose tonight at 8:00 on bloomberg television. tom and i will be right back with more surveillance. ♪ >> this is "bloomberg surveillance." scarlet fu with tom keene and adam johnson. our guest host is alex kliment of eurasia group. four states now have questions ebay following that cyber attack. asking if they will provide free credit monitoring. google is report that developing a tablet with advanced vision capabilities. the wall street journal says google will make 4000 prototypes starting next month. they will have two cameras, depth sensors. changing up its privacy policies yet again. users will share posts with friends rather than all users. current facebook users will be able to change their settings more easily. that is today's company news from the files of bloomberg west. we want to get back to our top story this morning. a new burst of violence in ukraine just days before the presidential vote. 16 soldiers

. >> and the imf -- you can have problems with the imf. the funny thing is they are a part of the -- >> they are u.n agency. >> they are not conservative. a lot of conservatives have a problem with the imf. it is not because of the patriarc key. >> they give loans to poor countries, those evil, evil people. >> but in a patriarc fashion. >> and they demand the loans be paid back. >> there are a lot of people who would agree with them. they say they are propping up patriarc regimes they say a lot of the money goes in the country and they are third world dictators. maybe we are bringing people together. she wrote a great piece. >> name dropping. >> she said because of things like the internet and having hundreds and hundreds of tv channels and dvr's she said basically mill 11 y'alls are growing up in a world where they are never forced to see or read something they have not personally selected. that's the problem here. i don't want to hear that so it shouldn't happen. >> that is kind of true. >> you were born in 2001. >> coming up, what did t

these currencies, according to our and the imf's valuations, are undervalued. the question needs to be asked -- why are some of these emerging market sovereigns trading six times higher than the ecb sovereigns? >> last time you mentioned mexican. the fact that you need to country pick. i will ask you that after this break. he stays with us. here's a look at what else is coming up on "on the move." wishful thinking. italy's finance minister tells us an exquisite interview that he welcomes a softer euro, but does not see depreciation on the horizon. sprint lines of financing for the mega deal of extremes. will regulators let it happen? and we look at lloyds making a comeback. ♪ >> welcome back. i'm francine lacqua in london. streamingn the move," online, on your phone on apple tv on on amazon fire tv. this is a stock on the move. it is bskyb. our reporter ryan chilcote is on top of that story. gaining 4%. a reminder that there are a lot of indices closed in today's trading session. some ofpressing with the figures, especially in terms of advertising revenue advan

the not so this means no hope of tax cuts than shown in the next purchase but doesn't seem like the imf are suggesting tucked inside me there saying stick to two billion adjustment is needed it's necessary to lock in gains being made and to set up the economy for further growth in the future is saying things are growing and things are going pretty well here but no time for striking facts as far as the concert also where are you going to or how we'll pay for the tax cuts either duty to make deeper spending cuts which nobody is in favor of local or you will want to get more revenue believed to be much much more than they were expecting them to cut the six or four times today. i wasn't doing well on those about to begin. when will it be possible the psyche a tsunami of cash coming in to have to call for seminary in st so it's difficult to see at this stage appears to me how they could possibly afford to pay for tax cuts. ok children and took it. foreign students have been affected up to the english language school they've been attending in dublin says he chose without notice. the irish bus

the guy that for a long time was working at the imf during -- the imf. he is a numbers man. he thinks in italy we could be above forecast. this is the time to act. he is confident that the prime guy that ise blowing everything up because of his energy and youth, will be able to push it through. he talked about the political stability. this is probably the biggest problem in the last 30 years and italy. it seems the troops have rallied. he is quite excited about this. the new don. -- dawn. >> he talks about complacency on the markets. worries that when the italians get the presidency in june, there is going to be too much complacency because mario draghi is saying to take the tail risk off. he says it is great mario draghi is giving us more time. there is a danger that amongst all the elite, they say he is taking care of it. they don't -- will be pushing the tough reforms. >> what did he say about italian bond yield is mark -- yields? >> he said a lot of it has to do with the italian economy. he is less political than the previous italian finance the star. because of his prev

again, that would have been an unprecedented move by the imf. can you tell us with respect to this mexican brief, has any official in your department encouraged mexico, expressed approval to mexico, contacted mexico at any point in the last year regarding them filing that brief? >> congressman, be clear we did file in the lower court proceedings a brief. i am not going to defend argentina's behavior in any general way but this narrow issue of banking, of law, we do think that the rights of creditors warrants attention an we filed a brief. there is a general policy in the executive branch to only file amicus brief. we didn't feel amicus brief. >> i had conversations with my counterparts. i told them exactly what i told you, which makes it clear what we think the right legal outcome would be. i think the conversations with the imf last year kind of reflected them just conforming to the fact we weren't filing a brief, they didn't file a brief. >> mr. secretary, my question is separate. my question is have folks in your department as far as you know

the korean law three c three point two billion years dollars from the imf mid may to help the country's aids deaths ever since the protests continued to spread an arrest in the country's eastern regions. or what. in two thousand and six president putin launched a crusade against gambling in restaurants going as far as calling gambling a dangerous addiction and a magnet for mini's. this led to the closure of most trusted casinos and slot machine vendors. now however president putin has announced it is his plan to create again the zone in crimea the most biggest our hotel casinos as a way to promote tourism in two thousand and lod his own proper country and now see an opportunity in crime may have to add a fifth after spending fifty billion us dollars today so she's sports they use for the winter olympics. many believe that turning the area into a gaming zone might object to be fiscally viable put up or shut down the idea claiming that gaming would drive away so she's too distraught to its base of middle class christian families with children there is however no such concern for the newly

ukraine on three c three point two billion us dollars from the imf and mid may to help the country's aids deaths. ever since the protests continued to spread an arrest in the country's eastern regions . all eyes are trained in your upcoming auctions later this month after record breaking sale last year a friend from eight to nineteen sixty nine piece titled three studies of the sand for ways to win four hundred and forty two point four million us dollars gained the most expensive painting ever sold in auction. did someone put five billion us dollars worth of impressionist modern and contemporary art getting seventies and christie's over the next two weeks the stakes are high for the teal archrival houses as they strive to tap the markets characterized a very deep pockets. our pre sale estimate is two hundred and twenty to three hundred and twenty million dollars which is our second highest prerererererererererererererert that east called the morning session. its motitititititi pag his model named own react each morning he gave her painting lessons so it's wonderful to have a painter

hope this ukraine's president admits this post is called control not to visit the east as the imf to cruise the seventeen billion dollars bailout for his country apprentice two hundred and thirty two to zero. hundreds turned out to third on twenty eight deaths due to falling kiddos. to be sold into marriage. fourteen people killed and dozens of attacks as iraq goes to the polls and it's the destructive went away to a more secure future also on the program as well the difference. the deal the placement of two to calm she is the eye. he pinned him to let you know the ukraine the country is on high letter of approval to set that is to confirm that yes another fifty. team president on his undertaking i'll admit it the ukrainian forces have affected the host controller at the east of the country. on wednesday most common prayer russian separatists seize government buildings in the town of cody caught just the tail to taking control of enhanced the town lies just north of donetsk what the russian speaking majority of cool for a referendum on success in autumn eighteen deficit. with the lat

it displays it matches were taken by ukraine and decisive measures have just been taken by the imf so there has been a very strong endorsement for the program which it will release over the course of the next two years seventeen point one billion dollars in other developments. mason has opened a second mother to spend his ummah riyadh based in reaction to events in ukraine. well mason aggro who he is the ad based upon these baltic states as rights activists in eastern ukraine continue to detain around forty people including seven military observers might reopen on station security cooperation in europe to a season of dance last week the us ambassador to the osce counted the team's claims of russia's involvement in the area and said there appeared to be many instalments of this release. it's very clear that what's happening would not be happening without washing it off. that doesn't mean that everything you see these russian involvement. what is happening would not be happening without a russian bomber. we remain deeply concerned about international group of hostages who were invited b

of imf is excepting growth 3.6% and next year to 3.9%. reason for usbe a to be complacent. in europe and the united states, just as other industrialized countries, we are still facing very grave challenges. public --r too high the burden of unemployment. increasing competition on global a continued vulnerability of the global financial system. to masterly be able those challenges if we continue to work closely on the basis of trust in the transatlantic the imf, the also world trade organization, the osce, and the framework of you 20. g 20. 20 -- the transatlantic economic council was established, not only on very important areas ability whichral contributed to a smooth operation between the business community. the nuclear us of a project that at the time by considered a champion many. the project to take negotiations on the transatlantic trade agreements. , we arece that summer negotiating about the transatlantic investment and trade partnership. it is a key project of our transatlantic operation. draw the two economic areas, europe and the united states, closer to each oth

the imf is expecting growth of 3.6% for next year and 2.9%. this must -- 3.9%. in europe and the u.s., just as in other industrialized countries, we are still facing very grave challenges. we have a far too high public indebtedness. inig burden of unemployment many countries, especially among the young generation and increasing competition on global continuednd the vulnerability of the global financial system. to masterly be able those challenges if we continue to work closely on the basis of the transatlantic relationships. and the imf, world trade organizations, oecd come a and the framework of the g7. transatlantic economic council was established not only on this very important area such as [indiscernible] did it contribute to a smooth cooperation between business communities but it proved to be in a way the nucleus of a project that at the time was considered utopian by many. the project to take up negotiations on the transatlantic trade agreement. we havece last summer been negotiating and we are negotiating it -- about the transatlantic investment trade p

i have heard the name of christine lagarde, the imf chief, has been floated. it is not a foregone conclusion he will be the next president of the commission. but he has claimed victory. he says if you do not respect this new rule, that will be another blow to democracy. >> thank you for that analysis. to of the world news. in the belgian capital, they laid down flowers, but candles, and held a minute of silence. around 2000 people gathered around the museum in brussels to pay their respects to the four people killed in a shooting on saturday. the crowd made up of jews and non-jews taking part as extra police patrolled the streets of brussels. the investigation has been sent to the belgian federal terrorism prosecutor. he is poised to become ukraine's next president. the billionaire and former politician has claimed a decisive victory. official results are expected later today. current estimates give the oligarch 54% of the vote, which would rule out a second round. the former prime minister trailing with a distant 13%. poroshenko is taking on a difficult missi

of imf is excepting growth 3.6% and next year to 3.9%. reason for usbe a to be complacent. in europe and the united states, just as other industrialized countries, we are still facing very grave challenges. public --r too high the burden of unemployment. increasing competition on global a continued vulnerability of the global financial system. to masterly be able those challenges if we continue to work closely on the basis of trust in the transatlantic the imf, the also world trade organization, the osce, and the framework of you 20. g 20. 20 -- the transatlantic economic council was established, not only on very important areas ability whichral contributed to a smooth operation between the business community. the nuclear us of a project that at the time by considered a champion many. the project to take negotiations on the transatlantic trade agreements. , we arece that summer negotiating about the transatlantic investment and trade partnership. it is a key project of our transatlantic operation. draw the two economic areas, europe and the united states, closer to each oth

not personally because of the imf policies around the world add patriarchy. >> my winner sylvia mattll breezing through her confirmation in congress. loser the "new york times" handling of the ouster of jill abramson which brought them a lot of criticism this week. >> winners and losers. >> my loser harry reid. that's redundancy. week after week. he has made a fool of himself amend the bill of rights to stop the koch brothers who apparently are the greatest threat to measure liberty since al qaeda. he needs an intervention. winner of the week are cats as a species as you will see. the video of this cat rescuing a boy from a nasty dog. we know cats have a deserved reputation for being selfish, snobbish. like the french they can be occasionally heroic. >> winners and losers? >> john conyers congressman from detroit seeking a 25th term. didn't manage to get on the ballot: the winner of the week are the marine archaeologists who have confirmed that the wreckage they discovered in 15 feet of water off haiti is indeed the santa maria christopher columbus ship. >> that is pretty cool. that'

if that is true, it will be interesting because think about it -- the imf, the oecd, even the unitedtates has been on onncellor earned shall go -- chancellor angela merkel saying that we need a rebalancing of the economy. if that is taking place, we may get another clue later this morning, manus. >> ok, david tweed for us in berlin. a slightly different depth view at this mark with jeremy stretch , the head of fx strategy. >> good morning, manus. >> we just heard david talking about a whole host of issues -- , the eversia, ukraine present threat. as david said, is very rebalancing in germany. what is your view? >> absolutely, it is one of the integral business indicators for the eurozone. clearly the german economy remains the bellwether. it's the lead economy within the eurozone. if you look at the gdp numbers and q1, it is the only economy is the eurozone debt growing, dragging everybody else in the slipstream. the question is, are we going to see a rebalancing, which david touched upon. i think we also need to look at the expectations. the comparative survey saw a big fallback and

sought the imf -- saw the imf firsthand. >> they need to talk to wendy and go shopping.ail therapy. >> coming up, why investors are pressing the switch off button. that is next on "bloomberg surveillance." ♪ >> good morning, "bloomberg surveillance." i am tom keene. with me is scarlet fu and adam johnson. a quick data check. for those of you in the evening and tonight as of india, election returns looking to be early resounding for mr. modi. side of thee other world. you do not see it in the markets. look at the 10 year yield, 2.496. a stunning statistic from the week. futures got my attention. gainers and losers. lastsco up 6% since september. orders climbing on demand for networking machines to handle mobile traffic. cisco benefiting from that. we wanted to highlight walmart, down two point four percent. blaming the weather for weakness in the first quarter. second-quarter quarter profit forecast also missing estimates. >> zip shop is a gainer. >> it is an online retailer. talk to steven davidoff about alibaba, he is the guy on china. >> about auditing, numbers, all of

david, she also met with the imf. what was the focus? >> the focus of the talk with the imf was on the situation in the german economy along with the oecd. obviously, during a news conference, the whole issue of , particularly a push for the organization for cooperation and security in ofope to host a roundtable talks pulling together pro-russian separatist, but also the centrist government in ukraine. angela merkel obviously pushing any diplomatic solution to this crisis. she was asked about whether she thought this could be a potential way to seek a solution. is called to make a contribution to this, including russia. we believe that roundtables are a good opportunity to do this work. the more representatives at the table, the better. only those are welcome who are ready and credible for not achieving their goals through violence. 25,he also said that may the presidential elections in ukraine, would be the absolute key. french officials adding that if there was potential interference coming from russia for those elections, that is what

will pay half of this to russia over the coming weeks with financial support expected to come from the imf. the next round of talks is expected to take place on monday and this will be on the price that russia is demanding. back in the early months of this year, the ukraine was paying 286 u.s. dollars per thousand cubic meters. 485 u.s.a is demanding dollars for the same amount. for what manyhike others are saying is unfair and motivated by politics. >> the central african republic , peacekeepers opening fire on a crowd of protesters killing two people and as anger grows over the deadly attack when a church left over one dozen dead. president calls it a terrorist attack. >> engulfed by antigovernment protests and with the latest wave of violence, some are left dead and others injured. these demonstrators have been calling on the interim government to resign and demanding there remiss all of the african peacekeeping forces. the reason behind it is they are accused of failing to intervene during a deadly attack on wednesday in which six people were massacred. they dubbed the onslaught a terr

. >> briefly, we talk about imf releasing to receive, much needed money there.also a warning from the imf the russian economy rirvsked becaus of sanctions. >> the first quarter of negative growth happened. everybody knows the second quarter is going to happen as well. also in recession. there are concerns if these sanctions carry on at this stage, there will be perhaps 2% reduction in the russian economy over the next year. that would be a fairly serious recession for a country that is already struggling slightly financially as it's demands in terms of pensions and increasing or improving armed forces continue. >>> thank you both very much indeed. >>> there have been violent clashes between police and protestors at the may day parade in the turkish city. police used water cannons and tear gas as hundreds defied a ban on demonstrations in the taksim square. this is the rallying point for trade unions. last year this was the focus of a long running occupation. protestors threw stones and fireworks at police. several are injured. we are joined now live from istanbu

. >>> despite the control, the economy is getting help from the imf fund. >>> alexander pachinof says combat troops are on full readiness to stop the terrorist threat. >> judging from what's going on around the city, that may not be enough. nick payton walsh has the story. >> reporter: when they say they're losing control you can see why. >> they saw about ten ukrainian armored personnel carriers. they pulled back. a week ago a similar assault killed three of them, they say. but the smoke obscured the scene and quickly to their surprise, pretty well armed men say only the soldiers saw the armor turn back. locals bring them food as they protect them from the poor and jobless. i can't survive on my salary, he says. we had a factory here that closed. hundreds lost their jobs. andre says he's an affected para trooper that served in the congo. i'm with the people, he says. i serve ukraine. this man says his rocket launcher is also from affected para troopers. as we drive around to look for the ukrainians, we notice on the edge of the camera lens heavier armed people at the checkpoint rival

from nato and the united nations to the world bank and imf. these institutions are not perfect, but they have been a force multiplier. they reduce the need for unilateral american action and increase restraint among other nations. now just as the world has changed this architecture must change as well. at the height of the cold war, president kennedy spoke about the need for a peace based upon a gradual evolution in human institutions, and involving these international institutions to meet the nademands of today must be a critical part of american leadership. now, there are a lot of folks, a lot of skeptics who often down-play the effectiveness of multi-lateral action. for them working through international institutions like the u.n. or respecting international law is a sign of weakness. i think they're wrong. let me offer just two examples why. in ukraine russia's recent actions recalled the days when soviet tanked rolled into eastern europe, but this isn't the cold war. our ability to shape world opinion helped isolate russia right away. bec

conversation about critiques of imf policies is appropriate.hould do in our universities left and right is having those debates. >> that's not what happened. she was told she shouldn't come to college to speak. >> there's a larger problem in our country that we have become polarized and if we want young people to sharpen their ideas and sharpen their minds, they do that not by holding opposing opinions at bay but by inviting them in and engaging with them. >> canif truth and information lean liberal, that's not those universities. >> there it is. we just turned it into a 30-minute segment. >> that stunned me into silence. don't forget "reliable sources" airs sundays at 11:00 a.m. eastern. what a pleasure to have you here. >> ahead for us "@ this hour," hillary clinton gets some advice on her potential presidential run. slow down and guess what? this advice is coming from members of her own party. ♪ ♪ at any minute... ...you could be a victim of fraud. most people don't even know it. fraud could mean lower credit scores, higher mortgage rates...

he promises to throw the imf, the world bank, and e.u. financial backers out of the country. but then what? >> it is not enough. >> he will give --she will give them her vote. the university lecturer and mother of two has been out of work for two years. she believes he is the only one who dares to challenge those responsible for the current crisis. >> i believe in europe. i want to change europe. i want to change the way of thinking and move it towards the people and less towards the companies and banks and everything. i think giving the vote to more leftist parties, we will give a new era to europe. >> is anti-german campaign can be felt in unexpected ways, like from this election helper. >> the german channel. >> he plans on running in the next parliament reelection in 2016 with hopes of becoming prime minister. the polls put him neck and neck with the current head of government. critics believe he would form a coalition with right-leaning parties if it got him into power. >> he is doubtless politically talented. he has increased the party's following from three to more tha