the european commission has given the greenlight to the tiny baltic state of latvia latvia. a final decision will be made by the finance ministers next month. >> latvia has already proven that they can juggle inflation, devastated -- deficits and debt. >> at this fruit and vegetable market, this is the currency used to buy and sell goods, but the signs will be changing soon. they will become the 18th the eurozone member on january 1. >> they are both i sustainable path. >> the government has had to cut back spending drastically to join the euro and latvia has just emerged from a deep recession. they dismissed doubts about joining in the midst of the debt crisis. >> european states can benefit from membership in the currency union, and the monetary union, of the eurozone. then you can benefit from the price stability in the overall economic stability. >> what is quietly being played down is that joining the euro was a precondition of their eu membership. >> they see that the apostle exception to the euro as a sign of trust at just the right moment in time. -- they see latvia'

the european commission has given the greenlight to the tiny baltic state of latvia latvia. a final decision will be made by the finance ministers next month. >> latvia has already proven that they can juggle inflation, devastated -- deficits and debt. >> at this fruit and vegetable market, this is the currency used to buy and sell goods, but the signs will be changing soon. they will become the 18th the eurozone member on january 1. >> they are both i sustainable path. >> the government has had to cut back spending drastically to join the euro and latvia has just emerged from a deep recession. they dismissed doubts about joining in the midst of the debt crisis. >> european states can benefit from membership in the currency union, and the monetary union, of the eurozone. then you can benefit from the price stability in the overall economic stability. >> what is quietly being played down is that joining the euro was a precondition of their eu membership. >> they see that the apostle exception to the euro as a sign of trust at just the right moment in time. -- they see latvia'

is ready to adopt the euro on the 1st of january, 2014. >> now, rehn also said latvia's adoption of the euro symbolizes confidence in the single currency. the baltic country joined the european union in 2004. its economy grew at an annual rate of more than 5% in 2011. latvia is filing it's certain to be accepted as the country does meet economic criteria, and these include the ratio of budget deficit to gross domestic product and the inflation rate. latvia would be the first new eurozone member in three years following estonia. >>> visitors to japan's northern island of hokkaido enjoy the local cuisine, especially dairy products and seafood. many tourists from around asia find the food so tasty that they want to send some home. but the high cost of shipping has held them back, that is until now. >> reporter: one of hokkaido's biggest ports. recently people who operate small food businesses have started shipping their products to asia. the seafood is sent on the same day it was caught. the customers receive it two days after shipment. >> today we are shipping scallops, clams and king

latvia will be officially swapping their lots to europe to adopt the single currency i love here reduced its budget deficit to blow the e.u. ceiling of three percent of g.d.p. last year which is actually of achievement considering latvia underwent one of europe's toughest austerity programs after the two thousand and eight crisis actually wiped off a fifth of its g.d.p. so now that the latin economy is back on track will entrance to the euro zone the rail its recovery will this take a look at the current members that are actually at risk of exiting the euro zone now we got slovenia they actually adopted figure in two thousand and four now this is actually the latest country in financial trouble now public debt has more than doubled from twenty two percent of g.d.p. in two thousand and eight almost fifty five percent in twenty twelve just as a cyprus really the recent banking crisis did little to enrich their economy just sixty six percent of public debt to g.d.p. as for greece right here one hundred eighty nine percent that's actually nearly double of their actual d.d.p. is a quite pheno

the european commission is set to give latvia the green light to become the eighteenth member of the eurozone and the baltic country hopes to swap the lot for the euro in january next year ten years of to join the e.u. but with europe still struggling to dig. itself out of debt many believe that light fear is jumping on board a sinking ship. latvia will be officially swapping their lots figure owes to adopt the single currency i love here reduced its budget deficit to blow the e.u. ceiling of three percent of g.d.p. last year which is actually an achievement considering latvia underwent one of europe's toughest or surgery programs after the two thousand and eight crisis actually wiped off a fifth of its g.d.p. so now that the latin economy is back on track will enter the euro zone the rail its recovery will this take a look at the current members that are actually at risk of exiting the euro zone now we got slovenia by actually adopted figure in two thousand and four now this is actually the latest country in financial trouble and how public debt has more than doubled from twenty two

area there with with twenty percent and this is got some experts wondering what the urgency is for latvia to join the common currency. it is tied to here their monetary policy which is suitable for germany and that means that once the direction of the interest rates changes from the current very low to the historical averages and they will be your own they're. likely going to suffer a significant contraction of the mystic investment for example the issues of slovenia greece cyprus or to go and all the rest of the peripheral europe certainly going to lay in terms of the future instability in the euro valuations and in terms of the interest rates means. the country is like lucky if you have to have certainty in london in terms of the longer term investments especially infrastructural investments and believe future there will be that significant problems and significant course and there's also another issue latvia will need to consider since offshore favorite cyprus hit the infamous banking crisis phones have been flowing towards latvia strengthening these small boat estates position as an o

future they will present significant problems and significant costs and there's also another issue latvia will need to consider since offshore favorite cyprus hit the infamous banking crisis phones have been flowing towards latvia strengthening these small boat estates position as an offshore banking center but once the country adopts a year right european ministers will have more control over the country's banking rules and as a consequence dreams of becoming a tax haven might be along with them not now five days of historic protests in turkey and the pm ducks out of town for a few days what is going on in that country about his cost of gas because. it's technology innovation all the developments around russia we don't you gerri. he is easy to. see he. says. it.

there will be officially swapping their laps for your eyes now to adopt the single currency latvia reduces public deficit to below the e.u. ceiling of three percent of g.d.p. last year which is an achievement considering latvia underwent one of europe's toughest austerity programs after the two thousand and eight crisis what a fifth of its g.d.p. under spice recovery the country still remains one of the purposed in the e.u. so now that the latvian economy is back on track will entrance to the euro zone derail its recovery well let's take a look at the current members are our risk right now of exiting the eurozone we can see that slovenia which adopted figure in two thousand and four is the latest country in financial trouble now public debt as almost doubled to reach forty seven percent us to cyprus the recent banking crisis did little to enrich their economy as you can see there sixty six percent as for greece and that figure is nearly twice as much as the g.d.p. just. if we take a look at a few countries that don't actually have the euro we can see that the top two nigger is not crucial

and jumping aboard the eurozone latvia is about to join the single currency despite the financial tug rocking throughout europe or not just ahead for you here on out. speak to language. programs and documentaries in arabic it's all here on the. reporting from the world talks about six of the ip interviews intriguing story for you. visit. good morning to you from moscow it's quarter past nine here in the russian capital british twitter users now have to watch what they post with social media being screwed. by police in a number of investigations offensive or abusive posts and comments of led to arrests all across the country activists are worried the lawyers becoming too zealous about hunting down so-called tweeting trolls and investigating this story azziz cerified. we trust our offices with a baton we trust some of the c.i. sprit and yet for some reason we can't cross from a twitter account in the wake of the recent will it murder a number of arrests were made across the country after police responded to tweets it was the latest clear sign that police are in placing seychelle media i

now we're going to go to latvia. this is the kirk family had a bakery in latvia. you can see the pretzel hanging from the corner. irene and her sister are two other survivors i was able to get to know. they grew up in latvia, and in 1939, because of the nonaggression treaty, it was decided they -- they were deported. anyone with any german ancestry at that point was deported from the baltic sea. they were known as the baltic sermoned and sent to east prussia primarily to colonize this people who had been inhabited by other slavic people. so she girls identified very much with their russian heritage. their mother was russian, and they spoke no english, and so it was very confusing for them in the beginning when they arrived in east prussia and they're told they have to learn german, they have to join hitler youth, and all of this is very confusing to the two of them. and they're, of course just two of the hundreds of thousands of people displaced in the early years of world war ii. so this is irene and ellen today. they live in ontario. they're holding a cookbook w

cut no and estonia latvia lithuania they spent less in two thousand and nine that they did in two thousand and eight than again in two thousand and ten they cut spending and now these countries are growing again they did the right thing they cut spending yeah they had a few tax increases but very small so i think the baltic countries are my success story of course the real success story is switzerland because they have this thing called the debt break which is really a spending cap and they never got the problem the first place where we have a graph actually get from your blog where it was also from the stats and it shows that the pair they have not addressed spending cuts can you just address what makes up the bulk of the budgets of these countries who are completely debt ridden. the problem the pigs of course portugal italy ireland greece and spain the pigs they got in trouble because government spending rose very rapidly during the last decade and then they hit the fiscal crisis and they have actually slowed spending down compared to how fast they were increasing spending and greece has

so that describes a lot of southern europe the baltic countries estonia lithuania latvia i think there are the star pupil of the collapse way back in two thousand and eight they saw themselves getting into trouble and what did they do they cut spending and i don't mean cut spending in the dishonest way they do it in washington oh we increase spending six percent instead of eight percent so that's a two percent cut no and estonia latvia lithuania they spent less in two thousand and nine that they did in two thousand and eight than again in two thousand and ten they cut spending and now these countries are growing again they did the right thing they cut spending yeah they had a few tax increases but very small so i think the baltic countries are my success story of course the real success story is switzerland because they have this thing called the debt break which is really a spending cap and they never got the problem the first place we have a graphic to get from your blog but it was also from your stats and it shows that the pair they have not just spending cuts can you just address w

so now we are going to goodlatte -- lafayette latvia her sister these are the two survivors i was able to get to know. they grew up in latvia and in 1939, because of the non-aggression treaty they were deported, anyone with any german ancestry at that point is the shea-porter and sent to east prussia primarily to colonize. and now they are red of the jewish people and the polish people. but the girl identified very much with the russian heritage. their mother was russian and they spoke no english, so it was very confusing for them when they ever arrived in east prussia and they are told they have to learn german, they have to try and hitler youth and all of this is confusing to the two of them and they are of course just two of the hundreds of thousands of people displaced in the early years of world war ii. so this is irene today living in ontario. they are holding a cookbook with them. the reason for this, this is one of their treasures that came with them later after the war when they were able to reunite with their father, a cookbook he took with them. after the war ended, some wer

latvia has won approval from the european commission to join the european union. they got the ok to adopt the euro as its national currency. officials see the desire to join as a vote of confidence for the single currency at a time when the eurozone is struggling. calling for public inquiry into the murder murder of a former russian spy in the uk. poison after drinking tea in a london hotel in 2006. he accused the russian president but america wouldn't of ordering his killing. a claim moscow has denied. police in russia have raided a secret town hidden beneath the streets of moscow. a similar settlement was discovered in an abandoned soviet era bomb shelter. >> deep under the russian capital, a hidden talent. as many as 200 workers manned the sewing machines. they lived here in the subterranean complex complete with a cafÉ, a cinema, and a mini casino. many of the workers were from vietnam and central asia. they face deportation. the people responsible for keeping them here for almost -- will almost certainly be prosecuted. the underground town is beneath the size

gerri: iis unelievabl the roasted chicken, to latvia, sorbet and gelat amtrak loses money o a hamburgerare they bothering wit this? >> pavion a billion and a lf dollars, everyon who got 30million tickets ththat were sold, was subsidized $46. now there is food service and there is a chef, a gourmet chf. wt to fiut how much that costs and why they are increasing the food costs instead of decreasing them and saving taxpayermoney. gerri: congressman, do you have anidea mch mn they a making these days? >> unfortunately they have oked the books. have $300 million ev in the northeast corridor ofthe account of capital expenditures. gerri: t only are they losing more moneybut they are charging more. this is back to what i said about taxayers paying and subsidizing for every 40 cents a hamburger. thank ou,for coming on today, thank you soch. other storiestonight, chrysler backing under recall pressures from theovernment. reaching an agreement with national highway traffic sety administration. 7 million eeps, chrysler is maintaingthe vehicles a regulators hae linked to 51 deaths. calling the effor

gerri: i bet he don't know that 50% of apple juice comes from china. 80% of to latvia, 10% of rozen spinachchina. all from china. here here's where the real problem comes in. there is labeling on products if it is a pure product. if you are picking up a piece of corn, you know where it comes from. but if you pick up processed food, you have no idea where this comes from. goldman sachs owns a part of this. gerri: well, i mean, you know, that is really looking forward. looking for bad guys everywhere. it is astonishingly low it is just inexcusable. >> the the biggest items smuggled --i mean ,-com,-com ma they just don't trust anything in their own country. it really comes to the political system. >> we have to put a good face on. it looks lik the economy is always growing,ven if 's not. gerri: gordon,it is good to have you here and thank you for helping us with that story. i appreciate it. la manch gerriwillis.com, but on the right-hand side of the screen. this is her question of the day. do you care where your food mes from? there is a very unusual and public feud going on at the fda. the iu

increase spending six percent instead of eight percent so that's a two percent cut no and estonia latvia lithuania they spent less in two thousand and nine that they did in two thousand and eight than again in two thousand and ten they cut spending and now these countries are growing again they did the right thing they cut spending yeah they had a few tax increases but very small so i think the baltic countries are my success story of course the real success story is switzerland because they have this thing called the debt break which is really a spending cap and they never got the problem the first place where we have a graphic to get from your blog but it was also from your stats and it shows that the pair eggs. they have not addressed spending cuts can you just address what makes up the bulk of the budgets of these countries who are completely debt ridden . the problem the pigs of course portugal italy ireland greece and spain the pigs they got in trouble because government spending rose very rapidly during the last decade and then they hit the fiscal crisis and they have actually slo

latvia and many americans, you know from all over the world it's free right?very free but it's not a and sculpture.ure. you won't see one. in a competition you'll see figures and crazy maybe whatha they want?ey w >> it's child friendly okay. the russians get crazy with the designs. we have to keep the it child friendly. not visibility at all to the public. they get crazy and that's the only constraint we have the design. the tournament is through the end of month. >> ends on i june 30. maybe ac alliance will keep it open later and you never know. k the competition ends on the 30th. we have an amateur contest on the 30th. >> tell me about your career. you got involved at age 3. >> that's when i started going to the bye. i brought my children when i was 25, 26. we got bored. i starting digging holes. when you dig a hole you zint sls a pile of stand we picked up popsicle sticks.po >> youps grew up in new jersey d went to the beach every summer.. >> i'm born and raised in atlantic. a retired firefighter there, captain and now i live in italy. >> wow. >> sand castl

last week, brussels signed off on latvia's public finances, saying it met all deficit rules.er on cnbc, the pm suggested that joining the bloc would help the country's economy. >> we're dealing with our economic and financial crisis. not having euro in fact part of the problem, not part of the solution, because since our currency's next to euro, so besides dealing with all the structural problems in the economy, we also had to defend our currency against a glut of attacks, and it's also costing the economy. >>> meanwhile, european companies will see a mass exodus of employees over the next three years, despite improving economic conditions, according to a report by hay group. 39 million workers could quit by 2016. they're warning of a brain drain across europe with employers facing extra costs and big gaps in talent. joining good to see you. thank you very much indeed for joining us. the interesting thing is, you're not saying employees are going to leave the region, are you? you're just saying, actually, they're going to finally be able to get new jobs elsewhere? >> absolute

. >>> come january latvia will become the 18th country to join the eurozone after getting the go ahead commission. the decision comes a decade after bulk of nations voted in favor of joining the e.u.. that's the latest from the fox business network, giving you the power to prosper. melissa: years after the dodd-frank act was signed into law, several pieces of regulatory act have yet to be implemented. what will happen to the bill and well-known volcker rule? fox business senior correspondent, charlie gasparino joins us. i know you want to update. >> armed, prepared. melissa: your own water after stealing mine three days in a row and almost dying on the set. are you ready? is that water by the way? have we tested that. >> it's vodka. i will be on your show later on today. melissa: yes, 5:00 p.m., eastern, "money". >> he with will get the redemption numbers at that point. what we'll hear from sac most of the money is gone. melissa: wow. >> this is tragedy i said yesterday. melissa: it is unfair. you made a great point. >> might be charged. might not be charged and still the guy is losing

the first three or latvia, lithuania, estonia, and we align them with states. summit similar backgrounds. poland want to board a. we align them with illinois using the cultural diversity of background that comes with it. today we have 65 state partners. some states have to. and then eventually get into nato, many of these countries comment and debate some of them are deployed but i give you an example. maryland is partnered with estonia and bosnia. i was just about i was just up at the statehouse with governor o'malley and the adjutant general, minister of defense for policy was there, minister of defense of estonia was the estonia was celebrating their 20th year of the partnership in bosnia, 13th. right now bosnia as an mp platoon embedded in the company of the maryland national guard in afghanistan. i can give you hundreds of deployments like that that we've done, many countries now where we're actually taking countries that were consumers of security 20 years ago now, 10 years ago, that are now produces of security and they want to continue to progress. and