. >> mario draghi once the eurozone is not out of the words yet.obel laureate after he publishes a poem in which she accuses israel of threatening global security. -- in which he accuses israel of threatening global security. ♪ >> confronting the injustices of the past, a landmark trial has opened in turkey. two retired generals involved in a coup over 30 years ago, both symbols of a time when the military dominated turkish politics. there ex-president kenan evren and the former air force chief tahsin sahinkaya, aged 94 and 87, are being tried in absentia due to poor health. they face life behind bars if convicted of committing crimes against the state. a number of victims held a vigil and outside the courthouse in ankara. many one other former junta members tried as well. thousands were arrested during the coup and hundreds died. >> for decades, the military held a very special position in a turkey. they saw themselves as guardians and defenders of secularism in state tolerable to is honest movement's spirit 1960 to 1980, they staged three coups.

. >> mario draghi once the eurozone is not out of the words yet.obel laureate after he publishes a poem in which she accuses israel of threatening global security. -- in which he accuses israel of threatening global security. ♪ >> confronting the injustices of the past, a landmark trial has opened in turkey. two retired generals involved in a coup over 30 years ago, both symbols of a time when the military dominated turkish politics. there ex-president kenan evren and the former air force chief tahsin sahinkaya, aged 94 and 87, are being tried in absentia due to poor health. they face life behind bars if convicted of committing crimes against the state. a number of victims held a vigil and outside the courthouse in ankara. many one other former junta members tried as well. thousands were arrested during the coup and hundreds died. >> for decades, the military held a very special position in a turkey. they saw themselves as guardians and defenders of secularism in state tolerable to is honest movement's spirit 1960 to 1980, they staged three coups.

people in the world we have to talk about a few of the honorees they include christine legarde mario draghi mario monti ron paul and we can never get to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that our for the sport of warren buffett for example let me tell you what is with all the economic. but you don't vote for you for the. for in war both of those lower tax rate than a secretary. these guys are still in bed together so obama rode warren buffett's most logical person right as far as corny capitalism is concerned though i think obama's kind of getting played by warren buffett right before his a book part. to leave theory of barack obama. who is is is selling the high seas and he is loving warren buffett have his way with him and grok obama should basically grope her and do something realistic and so people want to sort of basically just do whatever warren buffett wants and play to the tune of one buffet which is like i'm just a little paper boy we do the whole yesterday and obama didn't have more b

influential people in the world we have to talk about a few honorees they include christine legarde mario draghi mario monti ron paul and we can never forget to include warren buffett and you can just guess who penned the write up to go along with mr buffett if you can take a look it is true that part for the sport of warren buffett for example let me tell you what is with all the economic. but you don't vote for you for the right for in war both pays a lower tax rate than a secretary. if guys are still in bed together so obama rode warren buffett's most liberal person right up as far as corny capitalism is concerned though i think obama is kind of played by warren buffett right. to leave theory and barack obama. is is is still in the high seas and he is living warren buffett had his way with him and broccoli bamma should basically grow care and do something realistic and something that people want to sort of basically just do whatever warren buffett launch and play the tune of one buffet which is like i'm just a little paper boy with the whole. i don't want to have more and better writing his w

federal reserve a conference very recently that you think we're still in a crisis but your successor mario draghi of the e.c.b. said that the worst of the euro crisis is over is the worst really over you know i was alluding to the in my order still you go what happened happened in or seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had to eat in america crazies the african craziness we had the formation of of all the socialist part of the world in the market economy. new i would say very powerful economies and we are not observing in the thing in your advanced they could only since also have the advanced economy themselves have to adapt their founder for sector started with the euro the financial turbulence. and so forth and also all of the award fiscal policies i really trust that it is a global crises of you advance they couldn't meet and of course the your beard had their whole in a difficulty and have to work on the old governance economy governance well terms of the euro crisis is the worst over are we out of the woods at this point

let's remind everybody back two weeks ago mario draghi said the worst was over with the financial crisisi don't think anybody told spain or portugal, because both countries returned to the money market today and both will have to pay a higher interest rates on borrowing that money. the $1 trillion euros flooded the european financial system in the past six months, a cheap money. the idea was the banks would then pass that on to the likes of the consumers and businesses. but the banks held on to that money. many thinking that it really did not work. listen to this. >> the money has not really gotten into the real economy. it is corporate investors that we need to see investing, not the financial guys. that will not happen until the overall euro zone problems -- that the resolutions are more insight. if corporate investors are holding back and banks are holding back because they certainly still do see risks. >> a lot of central banks from the core of the euro zone have been applying pressure on the ec be to release to announce an exit strategy from the crisis measures. everybody thinks the

federal reserve a conference very recently that you think we're still in a crisis but your successor mario draghi of the e.c.b. said that the worst of the euro crisis is over is the worst really over there i was alluding to the. what happens happened in all seven we have now all structural adaptation of the advanced economy you know over the last thirty five years we had really crazy yes we can craziness we had the constellation of of all the socialist part of the world in the market economy we. knew were i would say very powerful economies and we were not observing anything in your advanced economy since also the advance they could live with themselves have to adapt their financial sector and it started with the you know the financial turbulence lehman brothers and so forth and also all of the old fiscal policies i cross that it is global crises of the advance they couldn't meet and of course the your beard have a hole in it if we can clear left of the old governance economy governance well terms of the euro crisis is the worst over are we out of the woods at this point i think that we know it i

in force by mario draghi the president as you can see the foot. well the dash really is a traction one point seven percent in negative territory is based on all we see how it is doing is still declining it's not moved so much it will actually be a bit of a for the global market is that we know it's been taking center stage race that they keep on the topic of natural resources not despite all the efforts by the russian government to cut natural resource tendency local business days are getting even more addicted to the will to keep the late pope was a natural agency for financial studies this was seen among small and medium sized businesses the agency has poll people from around two thousand and fifty two percent said prices were the most important of all their companies and that's compared to forty seven percent a year ago and i was in on something completely different which took about barclay for a minute or two now i probably i.p.o. could take place in the russian market. because his top spot to my maker also says that they are prepared to offer

and mario draghi says he's ready to counter act the upside risk.resident also calls for a growth compact despite a europe-wide austerity push. >> these measures need to be complemented now by growth-enhancing structure reforms to facilitation entrepreneurial activities, the start-up of new firms and job creati creation. >>> welcome back. nice to have you here on "worldwide exchange." if you're just joining us, let's take a look at the u.s. futures and see how we're setting up for the trade on wall street. the nasdaq up by 48, the dow up by 88, the s&p 500 up by 12. seeing a bit of a loss on the nasdaq, by nearly 9 points. concerns about the earnings report, ross. they came out with blowout numbers after the bell, and we saw the stock rise in the after hours session. in terms of some of the sej tors we were watching, it was teleco industrials and financials that were the top gainers on the s&p yesterday. >> meanwhile earnings are helping us high today. a second day of bounceback from the 3 1/2 month low we hit on monday. ftse up a third of a percent

. >> well, you know, isn't it amazing that what mario draghi's done and how quiet the germans have been? they're basically at this point saying, you know, they don't want to come out and admit that mario's doing the right thing. but the bottom line is, they understand that there's going to have to be a lot more liquidity. >> you say you think europe's going to get a lot worse. you also expect this to be their massive restructuring. when do you think things will start to get better? >> you know, i would say -- i would answer that by saying when the euro gets to parity, things will start getting a lot better. now, my call is that the euro will be at parity before the end of the year. >> we have the same call. i put that out as one of my predictions. >> right. >> i've been shocked at how well the euro has held up against the dollar. all i keep hearing from my sources in europe is that there's so much repatriation of euros it's artificially being inflated on the banking side but it can't last forever. what's it going to take for the bottom to drop out of the euro against the dollar? >> i th

mario draghi has bar moret rett more% reticent. the economy minister has reit eighted that he wants ecb intervention. we know the economy minister himself is meeting with draghi today. the ecb won't confirm the topic of conversation, but i'll give you one guess. back to you. >> thanks very much for that. so the eurozone crisis is worsening. that stock warning comes from george soros speaking in denmark. he's being a cuing european lawmakers having misunderstood the problem because they're treating it as a miss cal crisis despite the fact it began as the banking crisis in the u.s. plenty to talk about came. why don't we start with those comments from soros. is he right that the problem for the eurozone has been misdiagnosed? >> the response to the crisis is really more important. to say that it was tied to the housing market, i would say i would not agree with. what i would agree is that we have substantial competitive divergence in europe and this competitive divergence has created huge imbalances in current accounts and as the pre

can i just mention mario draghi? rio has just come out and said we need a growth contact in addition to an austerity compact. and that's basically his way of saying we have to find a way to get more growth over there. how do you do it? you're going to have a financial transaction packet, you're going to have euro bonds. what are you going to do at this point? now you'll see all sorts of tax themes that come out to start paying for this new growth plan. >> bob pasani, as always. jim cramer, over to you. dividends going up, as bob said. multiples low. what's going on? >> hey, i think it sounds like you should buy. but then again, i'm basing it on the fact that those only fit the negative story. let's shift to bonds. then look at what it's doing to the ten-year bund yield. and even though it would make sense to try and tie this to the fed activities of the day, it's hard to do so based on what europe is doing. of course, not to dismiss the notion that would suggest ending in june and the next meeting not until the 19th a

. >> can mario draghi fix things? >> they gave him six months. what happens after the six months?t use it, we'll be back where we were at the begin ing. >> five years from now will we be going tofr to europe and sayer that iing, wow, that was scary or will you be saying i'm going to greece, i'm going to have to turn toll dars into drachma. >> the problem is the voters, the mass of people never quite bought into. >> and what if they change the political elite. >> right now you're dealing with fragmentation in europe and conflict between germans, greeks, spanish, finnish but also this real tension between the voters and the elite. >> we have to talk france. >> well, french is critical. there's one factor to know and that's in the last couple of years we've seen no less than ten ibt governments in the eurozone essentially be kicked out by vote of professional testing what they don't like. i think there's a good chance france can be another supply in. >> in your heart of heart, don't you think you'll still be using euros in the next five years? >> she's from where they never bought in

mario draghi went out of his way to be as dovish as i possibly could. almost bernanke in style.maybe the germans were persuading the ecb as a whole to get more hawkish because of the money they pumped in. he was saying downside risk to the economy remains and he felt that on the question of whether they were getting more aggressive, he, as president of the ecb, is the one who had the last word on it. this is the man. >> i don't think i'm stepping up my rhetoric on inflation. i think the ecb's always said that -- that the increase increases the price of oil and other commodities to the extent they are passed through, prices, wages, and margins ought to be contrasted. so it's not -- there's nothing new into this. >> and of course earlier on the program, carl, we heard bill gross suggest that not only is there potentially a bernanke put on the market but also an ecb put that neither of those central banks can allow the market to fall too far. they will inject more capital to keep it safe. >> at least he hopes, i think. thanks so much, simon. gary is here with a quick note on europe

you're hearing as you talk over these last days with european finance ministers and with ecb chief, mario draghi, about what's happening in these economies. >> well, again, i would say that the really most important change that you've seen over the last six months is, i would say the governments of germany and france and the ecb, have a lot of confidence in what the new governments of italy and spain are doing. that's very important because without that it's very hard to get anything to come together and that's very important. and the other thing they've done is, as i've said, they've put in place a better set of tools. they're in the early process still of building the architecture of a set of things that will make the monetary unit work in the long run. but they're in a much better position in terms of this mix of financial tools than they were just six months ago or so. and those are very important things and the combined effects of those actions have been to calm significantly the tensions of markets that you saw periodically in 2010 and 11. but, you know, you can see every day of course the