appealing enough to do the london based employees to relocate to brought in an established the ministry of finance of the government and that is the force regions will do everything they can to ensure that this relocation will take place in the best possible terms. with the u.k. losing so many jobs some british journalists in the room have one burning question what happens if the u.k. revokes article fifty do we do forget the decisions of today were these to be decisions irreversible. i would not go into any hypothetical scenario. for now then it's full steam ahead but the decisive step in britain's exits from the e.u. . pill is in brussels for us charlotte why did paris win as the host city for the banking agency. well something that we're going to have to ask the individual ministers who took part in this vote this evening failing that we're just going to have to speculate at the moment i think a lot of people really are wondering why frankfurt wasn't the winner for the be a it had been a front runner and a lot thought that it was going to take the lead it didn't though it was knocked out it did

recently in the last day or two the ministry of finance of bangladesh has said that they're suspending the project in part because they want to continue to talk with the myanmar authorities about having these people go back and you know having the return to where they came from in northern rakhine state we'll see how this plays out i think that the actual idea is very wrong headed i think that by isolating these people in this remote area on an island which you know no one wants to live on the first place you're putting these people in harm's way and you know the idea of moving hundreds of thousands of people you know nine to ten hours by bus across bangladesh to this area i mean it's an immense undertaking that i don't think would be physically feasible for the government of bangladesh to carry off but they've been talking about it quite seriously they've been talking to donors in the past about it so we'll we'll have to keep a close eye on this and make sure it doesn't come about and you know when i just want you to stay with me for a moment we're going to take a pause so the we can

. >> al ahmad: this is an unannounced visit to the ministry of finance. the houthis had put their own guards inside the ministries. >> al ahmad: abdu rabu al mortha is also a member of the revolutionary committee. together with abdulillah, they had come to confront the deputy minister about billions of yemeni riyals of government funds they said were missing. they walk right into the office of deputy minister jamal al maliki. >> al ahmad: the revolutionary committee refused to leave until the deputy minister signed a document ordering an investigation into the missing funds. the houthi anti-corruption agenda helped them gain popular support, but their grab for power has also made them enemies. they have largely driven out the previously dominant muslim brotherhood forces. but they also face fierce opposition from al qaeda, which for years has been maintaining a stronghold in yemen. (explosion) (shouting) three weeks after they took control, a huge bomb devastated a houthi rally. the bombing in tahrir square was the bloodiest in sana'a for years, killing mo

from the government side, if you , like to government the ministry of commerce, ministry of finance, you would see there is a private sector. -- none of them [indiscernible] they are choosing their private sector on much -- as much as they are able. and are making impediments looking at that. example, the mentality -- if you go to the government office for some of the small things he wanted, they look at you not as someone to serve you, someone who is a source of money. these are very uncoordinated public sectors. .e have a lot of integration [indiscernible] if the ministry of commerce signs something with india, then they will organize it. , themething happens ministry of finances, i don't know. i don't care. market, they have very uncredited and very let's say -- they have very uncoordinated and let's say, very weak services. also, what you just mentioned, the women, they can make a big contribution. the traditional way of business in afghanistan does not make them more available. if you go to [indiscernible] they are very much kept away from that. how we can make this practical kn

norway's sovereign wealth fund might be dropping its investments in oil and gas in a letter to the ministry of finance the norwegian central bank wrote in the bank's view this will make the government's wealth less vulnerable to a permanent drop in oil and gas prices the bank's analyses of the oil price in the government's wealth are based on the government's future oil and gas revenues the government's direct holdings and stadol oil and the g.p.s. g. currently the fund has about six percent of its money invested in oil and gas stocks but if parliament adopts the central bank's proposal that would be replaced by investments in other companies. and now we go to the big data in the financial and business world it's a term that many have heard but how much do we really know about big data with computers and technology data processing is moving fast as the speed of light and capturing and analyzing and even storing all of this big data is that entirely new world and there's a new category of people doing this work with us as one of the foremost data wranglers in the world and that is the founder of system

a series of meetings takes place behind closed doors at the finance ministry. to see us getting on the phone to get what began as the euro group the secrecy of the noise here unlike you know what investors here where it's immoral to do a faster comes that. finance ministers and european union officials are stunned the new greek finance minister tells than the deficit was not the six percent previously announced it's more than double that. i would say that this was absolutely extraordinary. and this is precisely the moment where we're here lies that that nothing was first in. and that of course it was not imagined x. and x. and they will thought that we could all i would say trust the figures. this wasn't the first time greek politicians presented false figures to the europeans. in two thousand and four then finance minister george a local school fees did the same thing revealing what he claims were irregularities in the previous government's budget. and then he used the rianne that actually gets a good mix of most of us me. actually of the gardens you know out o

kaname the panic at the northern ministry of finances and prime minister's office was that greece would tip over closer examination of the bank assets they were held in the major european banks and started paying a credit markets that was the problem. the european governments had two choices they could let greece go bankrupt which would be disastrous for the global economy and force a bailout of european banks or they could keep greece afloat saving european banks from collapse. both options require taxpayer money both options involved the banks. why the people of europe have to save the banks. because the banks are too big to fail. to save the banks means also to save the deposits of ordinary citizens we save capital speculates yes but be saved also all been there we said that the other side of the mint the banks are too big to fail now if any if that can be said of any firm in any market than it means there's something wrong with the market and it has left us with a very big danger because if the banks know they are too big to fail then they can go to misbehave again and though they w

i want to bring in our guest, the former vice minister of international affairs at japan's ministry of financeently president of the institute of international want to affairs. thank you so much for joining us. this is the easy part for donald trump's trip. but there are contentious issues with japan, as well, one being rightlatively weak yen now, but also some of the agricultural tariffs and trade imbalance with the united states. where do you think they can find common ground? >> right now, but also some of the agricultural the united states,y people are talking about ounces of trade. -- about the balance of trade. many industries will have concerns, but so far we don't see any concrete quest -- requests at this moment. mr. trump is willing to say something not only for asia and japan, but for korea another asian countries. the people coming from the middle east in the united states, in that sense i think trump has a big concern about trade with asia. war -- the economic >> not war, but competition. sometimes people will have more focus on the competition aspect. now we see both sides, coord

but there is a department, ministry of finance, that bears the stipend for them, who has details of each one of them and has details of their allowances, or the stipend. so his plan is to issue a decree to call only the king and his sons as an hrh. so if he becomes a king or his father now, it will be -- the rest are royal families. also, previously, his father used to include other weak or distant members of the family into the family. for example, the new minister for the national guard, he wasn't a prince 20 years ago. and they were not part of the royal family. they were added to the royal family by a decree made by prince salman when he was the governor. during that time, he had an interest to widen the circle of the royal family. others were also not part of the family, but now they are part of the family. so it seems like, this is the rumor that he will restructure or redefine who is a royal, which maybe will lead him to develop similar to the prince of jordan or morocco, that style of royal family. i think this is good. it is good for the public, for the future, new emerging clas

we are talking about the foreign ministry of finance. plenty of others as well, taken into custody.es have not been laid out. that remains to be seen, but a very bold move from a crown prince that has proven he is willing to surprise. ,e saw that after the summer without the political drama was over, but apparently not. francine: if you are an investor, you are not used to this. this is new to saudi arabia. who comes next? thwho replaces these people? yousef: there is no clarity at this point. the announcement was, the anticorruption committee has been set up. the crown prince is chairing it. there's clarity about what or who will replace. we do know they have the power to trade assets. isnce alwaleed bin talal especially sensitive. again, there is no way of telling of where this goes from here. investors will say, i will wait to see how this plays out. tom: we watched this unfold over the weekend. thew it remarkable to see events, including the prime minister in fear for his live, the missile attack, the speculation about "a missile or missiles attack from yemen." wheere these link

we will bring you more details when we find out more from china's ministry of finance.es getting into the china consumer market. let's talk about china. china's large-cap index remains in the red. what some traders are seeing is it states -- state-sanctioned selloff. state sanctions selloff, where does it leave all the little people, the mom-and-pop retail investors? >> you got to look at the fact that the chinese markets had almost 20% this year. we are coming from an elevated base. sees not surprising we these tweaks taking place with the government looking to crack down on some of the excess euphoria. i do not think it is necessarily going to change very much. outlook is still reasonably positive and proving the doomsayerswrong. -- wrong. seems perception over the attitude of beijing on markets drives this up and down. which tells me, even when you go to 2015, the markets had not matured. is there anything on fundamentals to trust when it comes to this market? and of the day, nothing matters except this. steve: david, i absolutely agree with you. we do not have a cou

the southern yemeni city of aden which killed at least two people the force of the blast outside the yemeni finance ministry offices shook the core area of the city which is the temporary capital of the internationally recognized government of president rebel mansour hadi the ousted yemeni president salih says he's prepared to push the hoodies to stop firing rockets at saudi arabia but only if a saudi led coalition ends its blockade and airstrikes on yemen in speech and salah salah said this could be the first step toward peace negotiations. oh god how oh well what's the first step is a roadmap to stop the war stop the airstrikes and put an end to the blockade. and return we say to the decision makers stop launching rockets riyadh this is an initiative and after this we can meet in geneva kuwait or amman we are ready for that. syrian government negotiators have finally arrived in geneva for the latest round of un backed talks aimed at ending the civil war yes our government had initially refused to confirm it would attend the eighth round of talks that began on tuesday between the syrian opposition and u.n.

in the afghan fight even more irritating for the pakistanis to africa was the ball was full of finance ministry ignatius is in custody accused of corruption and he appeared in court today after the new president was sworn in as lawyers say that he's been mistreated but the police to do this under simmons as well from harare a new presidency and the court cases have already started first in line ignatius chumba a former finance minister he owns more than one hundred homes and he's accused of corruption. jumbo is reported to have been beaten in military custody receiving hospital treatment he says ma soldiers with assault rifles raided his home and he was illegally detained for forty eight hours as a military takeover took place also before the courts form a zanu p.f. used leader could soon i should banga accused of corruption and slander he had resisted the army takeover earlier this month. and he didn't know what he did what he told you if you believe i mean that you. will. hear. the army has already withdrawn from the streets of harare ahead of an announcement of a return to barracks and that

even though he is out of the limelight of this finance ministry, he has left his legacy like a dark cloud hanging over the federal finance ministry. mark: we will move along to the ecb. respect to the ecb governing council number. he discussed the central bank qb timeline -- qe. timeline >> one should be flexible, which does not mean we have to go on forever. i think at some time there will be a reducing, and that some tale.of an end we have had this discussion many times before saying i have nothing to buy in the long run. we managed to do this. i'm sure at this lower volume we have decided and will be able to fulfill our path. mark: he clearly is on the more hawkish end of the spectrum. do you see the program coming to an end next year? they have a nine-month extension through september. it seems he would like to be done with it then or soon thereafter. will it come to an end next year? yanis: i don't think it should because of the weakness. billion of public and private loans in europe. you have about 1.5 trillion recycled through qe. this recycling operates like cortisone do a serious

very important for the question of how to structure institutions of the euro area, move forward on the banking union. the finance ministrydriver's seat. yesterday i was talking to deutsche bank, and they were pointing out how important it is to the progress of banking and --ope to get things past passed like a common guarantee for deposits. the third leg of a banking union. and to get regulations, as far ,s integration is concerned moving forward. how it optimism the you have that we will see that? volker: we have a slightly different assessment. we still have very high nonperforming loans, legacy debts which are not dealt with. they have be dealt with before you move that far. the other reason is national governments have influence on the loans. if you think of resolution law, it differs across countries. we need harmonization. otherwise, you have a lot of home loans on the balance sheet of spanish banks. the governments can make it so it is impossible for banks to recoup anything from those loans. then taxpayers of other countries step in. that would be a hazard. that would be instability. matt: what is stopping us fro

is the formation of this german ,overnment which in many ways if the liberals get control of the finance ministry some of the stories that the french would like to see pursued here? steen: it is clear that macron is not looking forward to an fdp led treasury or finance ministry in germany. that is going to be creating problems next year. we also have on the other side here, we have almost had the whole austrian and hungarian empire again. all of these countries are now migrating to a new austrian president that -- they are trying to separate themselves from europe. guy: they are not completely on the same page. steen: but they are coordinating what they are doing, meeting. forms to do it. side of the euro, you have the brexit talks going around which i think also be all right. a lot of business people into this environment of noise are a little bit defensive because unlike americans, they do not by trump's version of the world just talk and things will be better. europeans are a little bit more conservative in the way that they approach. we have massive challenge in terms of europe being very str

. >>> meanwhile, according to an official in the chinese ministry of finance, the country will look tocompanies. it's now capped at 49%, but likely raised to 51%. no timetable was given. separately we all know there are around 37 major deals inked by u.s. and china during president trump's trip through asia. he's pushing individual trade agreements as opposed to the larger multinational rp deals. >>> disney found footing, and this is interesting, it said it's going to price its not-yet-released streaming video service that competes be w netflix, price it sub stamly below netflix. ceo bob eiger made the comments adding that disney's movie library, as it gets bigger, the price will be adjusted. interesting for me as a "star wars" fan, they'll launch a new trilogy completely separate from the skywalker story lines. >> my house spends a lot on disney movies, too. mike lupica, final thoughts? >> this cnn thing, this is a shakedown. this is what authoritarian governments do, try to marj lies the press. this falls into this. >> the head of the antitrust division said this was a fine merger, i

i mean a car bomb has exploded outside the finance ministry offices of yemen's southern port city ofadam at least four people have been killed i still claim responsibility for the blast. an island in greece which is struggling to look after an ever increasing number of refugees is being described as the guantanamo bay of europe thousands of refugees stuck on the island of lesbos face a harsh winter as john holl reports greek government leaders are complaining of a lack of help from the european union. on the aegean island of lance bass the evenings have turned cold most of the roughly ten thousand refugees and migrants stuck on the island live in the bleak confines of moriah camp no matter what no. no food no food food no good. moria is stretched way beyond capacity it's occupants come from a dozen countries it's a prison it's not like a prison but to prison because you don't go nowhere. i don't know. what. inside this heavily fortified former army barracks families live rough. children breathe in daily lungfuls of wood smoke and bed down with no more than a sheet of tarpaulin to pro

of course can go to frankfurt. bits can go to paris. but the german finance ministryope, in the end, and macron and angela merkel can facilitate some kind of deal. but sometimes i accept that european history happens by accident. what deal does britain want? brexit can happen if britain it knows what it wants. what style of trade agreement do they want? like the canada one? like the norwegian style? make up your mind. and then we can start discussing it. for concessions, it's not a negotiation. and nor is this! we are out of time. thank you all very much. we are back at the same time next week. you can comment on the programme on twitter. from all of us, good night. it looks as though. remembrance sunday on a crisp note. a cold wind and showers through the day. they will mostly be confined to the coast. 12 running through the keshi gap to the midlands. these will ease back to west facing coast and down through the north sea as well. it will be cold, breezy, but lots of dry, sunny weather in the offing. top temperatures around 6— 10 degrees. as we go through sunday eve

of course can go to frankfurt. it's can go to paris. but the german finance ministryial risks of dislocation. which is why i would hope, in the end, and macron and angela merkel can facilitate some kind of deal. but sometimes i accept that european history happens by accident. what deal to britain want? what style of trade agreement do they want? like the canada one? like the norwegian style? make up your mind. and then we can start discussing it. for concessions, it's not a negotiation. and nor is this! we are out of time. finally, you can't keep a good format down, it seems. the humble audio cassette may be fragile, attract dust and prone to get scrambled when you try to play it, but its having a renaissance. thank you, goodbye. hello, some sunshine and heavy showers especially along north sea coasts where they continue overnight with strong winds keeping the temperature freezing. elsewhere, under clear skies, temperatures will dip away to give a widespread frost. to be just colder in the countryside, below freezing for some others. this is how it looks in towns and

of course can go to frankfurt. it's can go to paris. but the german finance ministryl risks of dislocation. which is why i would hope, in the end, and macron and angela merkel can facilitate some kind of deal. but sometimes i accept that european history happens by accident. what deal to britain want? what style of trade agreement do they want? like the canada one? like the norwegian style? make your mind. and then we can start discussing it. for concessions, it's not a negotiation. and nor is this! we are out of time. jeffrey, agnes, nesrine, thank you all. that's it for dateline london for this week — we're back next week at the same time. you can of course comment on the programme on twitter @bbc shaunley. or you could just record your comments and send us the cassette. because apparently audio cassettes are on the way back. from all of us at dateline london, goodbye. some of us enjoyed the sunshine today, and most of us will tomorrow. it will be cold moving southwards towards the uk. rain turned heavier from south wales, south—west england, running east overnight.

carried out a car bomb attack in yemen the southern city of aden that killed at least two people device exploded outside the yemeni finance ministry offices in the temporary capital of the internationally recognized government syrian government negotiators have finally arrived in geneva for the latest round of u.n. backed talks aimed at ending a civil war yesod government additionally refused to confirm it but attend the eighth round of talks began on tuesday. prime minister ahmed shafik says he's being blocked from leaving the united arab emirates it comes as he announced his intention to run in next year's egyptian presidential elections he said overseas often defeat in the twenty twelve election that's what are coming next a stream of more news for you after that by fire. ok and you're in the strange i'm really good today protests and threats have halted the release of the bollywood film. so what is a film about a y.c. up setting so many people know about to find out. the hindi film is swirling in control the sea so much so that its release in india has been postponed and his international debut left on certain the film set in

in yemen zz southern city of aden that killed at least two people the force of the blast outside the yemeni finance ministry offices shook the core marks our area of the city the temporary capital of the internationally recognized government of president rebel mosul hardy at least two others were injured in the attack. us president donald trump has shared anti muslim videos posted by a far right british group is twitter account retreated three separate videos posted by the deputy leader of the britain first movement a white house correspondent kimberly hellcat reports from washington d.c. . outrage and calls for his impeachment that's what followed after the president of the united states read tweeted three anti muslim videos the verified videos purport to show muslims attacking people and property that were made public online by this woman a muslim terrorist screaming hostile to frandsen and extreme right wing british activist who's previously been charged with inciting hate speech against muslims white house may not support her views but it defends retreating for videos the threat is real and that is what

of course can go to frankfurt. it can go to paris. but the german finance ministrywhich is why i would hope, in the end, and macron and merkel can facilitate some kind of deal. but sometimes i accept that european history happens by accident. what deal do britain want? what style of trade agreement do they want? like the canada one? like the norwegian style? make up your mind. and then we can start discussing it. for concessions, it's not a negotiation. and nor is this! we are out of time. finally, you can't keep a good format down, it seems. the humble audio cassette may be fragile, attract dust and prone to get scrambled when you try to play it, but its having a renaissance. hello there. sunday was a fine, glorious day, actually, across much of the country. lots of sunshine but there we re country. lots of sunshine but there were plenty of showers and quite a strong northerly wind blowing across eastern coastal areas and that will continue during the overnight period. elsewhere it looks like most of the showers should die away from western coastal areas but it is

of the other stories making the news. at least two people have died with three others in a critical condition after a car bomb exploded outside the yemeni finance ministryre casualties at the scene of the blast, but they're unable to reach them due to an exchange of gunfire taking place. no group has yet claimed responsibility for the attack. ajury in the united states has acquitted a libyan militant of murder but convicted him on lesser terrorism charges in connection with an attack on the us consulate in benghazi in 2012. ahmed abu khatallah had been facing 18 charges, but was acquitted on all but four of them. kenya's president, uhuru kenyatta, says he'll work to reunite his country following his controversial re—election last month. mr kenyatta was inaugurated for his second term on tuesday despite continuing opposition protests. he won a repeat election held in october with 98% of the vote after the opposition boycotted the poll. we are starting to get details of the upcoming royal wedding of prince harry and the american actress meghan markle. kensington palace announced they will marry in may at windsor castle. ms markle will be confirmed into th

>>> now in other currency move, south africa's president has directed the finance ministry to urgently come up with a package oftimulus measures to accelerate s&p growth. they're citing further deterioration in south africa's economic outlook and public finances we spoke to the director for the international ratings at s&p global ratings about the reason behind that and the challenges facing south africa. >> the trajectory has deteriorated quite considerably and the growth is quite poor we don't expect them to do enough to change the story around. >> if we say a reshuffling of political portfolios, i mean, or, indeed, the finance ministry level, would that be a sufficient catalyst to have you revisit the ratings as set >> no. i think fundamentally it's really about the growth story and growth has been really poor. on the back of that it's not enough to sustain the fiscal revenues which we've seen revenues fall sharply and there's been concerns around that so it's really an issue that the growth story has deteriorated and that's not providing the fiscal required which is underpinning the whole story so, i mean,

now have to disclose its finances provide regular reporting on its activities all within forty eight hours they'll also have to add a disclaimer on all of its work the ministries latest decision is a mere response to washington's recent crackdown on r t and its measures are similar to those required under fair and clearing disclosing finances and providing evidence of editorial independence but this is the first time that russia has specified a list of companies that could possibly be designated as foreign agents but we're actually still waiting for the official announcement. after all to america registered as a foreign agent we sent requests for comment to dozens of press freedom watchdog rights groups as well those who did reply told us they're not in a position to comment obviously international's office in london didn't respond to us directly but condemned the move by the russian parliament the following following a day calling it a blow to press freedom the organization for security and cooperation and you were initially said it was not ready to make any judgments over america's status but once the russian justice ministry issued its warnings to american

united states of criticize china for its restrictions on foreign investment in the finance sector now china is gradually opening up the industry according to the country's finance ministry foreign entities will now be allowed to own the majority in banks asset management and security up to fifty one percent instead of the previous cap of forty nine percent and in three years all the restrictions on foreign entities will be lifted the chinese government says this is the right time to liberalize the financial sector. that is certainly something that to my colleague at the frankfurt stock exchange daniel corp was listening to very closely daniel why is now such a good time to liberalize the chinese market. while i feel monica that this again has to do a lot with donald trump and his latest politics because of course china has had this impaired for image for a long time to do very difficult to be very difficult when it comes to foreign investors and i do feel that they are just that they just waited for the moment you know at the time you know when they are saying well basically forget all the commons that we have made in the past investors do have the feeling at the moment

talks having been successful, they were asking the very high likelihood of the ftp which is euro hawkish to occupy the finance ministry obviously that's the risk so there's no more than the case of the minority government of the cdu where it would obviously continue to have this job as the finance minister and secondly you have to then think about what is then happening to the political block certainty in germany. so the green party has made an experiment the experiment was to move towards the center and this obviously failed there was no conclusion or no common ground. and then what i guess many people were overlooking this morning is when lindtner, why the coalition talks failed, they were measuring the difficulties to line up so there was an agreement more or less, written agreement, participating agreement that the initial coalition partner works with the ftc. now they move away from them is the ftp saying we're not aligned to the conservatives that alliance to getting something left of center when you have something left of center you think what does it mean for the euro? this is about potential debt neutralizati

violence but he was acquitted of the federal murder and other charges he faces decades in prison she has. i saw has claimed responsibility for a car bomb outside the finance ministry offices in the southern yemen city of aden at least four people have been killed it's cause severe damage to the building people living in the area say the force of the blast shook the. area. foreign ministers from the united kingdom saudi arabia the u.a.e. and amman have met in london to try and find a peaceful solution to the war in yemen britain's foreign secretary boris johnson called the crisis the number one impending humanitarian catastrophe and urged countries to work together paul brennan said this update. no defining breakthrough moment from these talks this forum that's been held here in london but an indication from the u.k. of the urgency of the matter and recognition according to the foreign and commonwealth office at least from the saudis the u.a.e. oman and the u.s. and of course the u.n. about the humanitarian plight being faced by the yemeni civilians three million of whom have been displaced tens of thousands of whom have been killed over the past three years and th

we're at the german finance ministry to interview what's gong show shortly before he resigned as finance minister to take over as president of the blunder stock. shortbread is a very busy man so three german news organizations are taking part in this interview. you know during his eight years as finance minister charbel often had to deal with criticism that the government had not done enough to combat tax avoidance and tax evasion. i'm in the city. but there have been a number of leaks in recent years the panama papers looks leaks they revealed how people managed to reduce evade or avoid their tax payments next why haven't the e.u. finance ministers with us their de facto leader managed to get the situation under control when. it's a welcoming the us the and. we have for today we've made some progress but the truth of the matter is that we're living in a globalized world international markets have become globalized and that includes the financial markets in particular. it every citizen every investor can now make financial transactions anywhere in the world and that has significantly increased the opportunity for them to fin

of the work. want to longer do you depend on the ecb? wondering what a post draghi is going to look like. secondly, emmanuel macron finance ministry. greater french version of what we are sharing. to achieveng to come credibility. markets are not there yet. the proof is in the pudding. for now, don't anytime soon. anna: around inflation and what the ecb is doing, this is euro it's -- expectations. we know he looks at it. as we see the ask growth story picking up, when does the ecb start to run into difficulties? we are just so far away from that. >> the ecb will fall back on the mandate. expectation.on but ifmight be strong you look at a forecast right now, i will be surprised if they can move back to 1.5%. tricky where it gets because do i have enough assets to buy. financialint, key positions, they hope to be pricing the upside of on inflation. what do you think about european stocks? the price-earnings ratio, they do not look terribly cheap right now. look at the forward expectations here in yellow. what do you think about european stocks right now? >> right now, we still think you want to be overweight stocks in general. now,wn