bypassing ukraine the project is expected to cost around fifteen billion euros russia's state nuclear energy corporation in iraq is entering the european market is a greater supply experimental fuel to the largest atomic power lines that maybe up experts say if you proved to be successful russia could count on big contracts but not so we need each other let's take a look at them on the european markets a t.v. host in the red rating agency big has downgraded reasons for that. it's just stays is to see some trick in the agencies was disney's difficulty on its own is the likely in italy i believe. putting on the clouds. and here in russia the markets also got a little less coming along since yesterday because of the miser's was down more than the one that's. a dispute between europe and the rest of the world over a new called intangible slice is coming to a head diplomats from opposing countries or moscow to discuss countermeasures possible retaliation dimitri medvedev the events of business all say. e.u. is had several green initiatives and one of the latest is including airlines in the emissions trading

you don't trust but how can we trust big business which is driven by corporations and profits with something like expanding nuclear energy which has such high risk for everybody if it goes wrong but if we if we have if we have business that's unfettered and that is responsible to the customers a businessman does not want to radiate his customers i mean people don't want to harm their customers not good for business among other questions on the other hand the nucular industry is was one of these public private partnerships the federal government takes care of all the costs of disposing of spent fuel and they also have the through the price anderson act take care of it make sure the very limited liability for nuclear power plants so because there is limited liability because they don't have to worry about the ways you can't trust them so it's absolutely true that people have questions about it i i'm entirely in sympathy even though my own view is that there could be a successful and very efficient and very useful nuclear power industry but in cahoots with the federal government we have to worry and of course fukushima was

nuclear disaster. what is japan doing about covering that loss? does it have a policy in place? >> it doesn't have a policy in place. that's really what we're hearing from corporate leaders. where is the energy policy? where is the guidance from the prime minister's office and the top lawmakers in this country. without a significant energy policy, without reassurance to corporate leaders, what we're hearing from corporate japan is that outsourcing of jobs is going to continue, pushing productivity outside of japan is going to continue, the investment outside of this country. that's going to translate into banging this economy down even further. the concern is that tonight another reactor is going to go out of service. that means there will only be two nuclear reactors operating in this country tomorrow, a country that formerly had 50 reactors going, 30% of their power from nuclear energy. there's a void in place that has to be filled. right now they are looking at a significant energy crisis this summer without any nuclear policy in place. >> kyung lah joining us live from tokyo. charles? >>> let's have a look at stock markets now, andrew. obviously over an hour, hour an eight minutes into t

russia's state nuclear energy corporation tom is entering the european market is going to supply experimental fuel to the largest atomic power plants in the navia but say used to be if it proves to be successful russia could count on the contracts but looks to me keep joe. let's see what's happening in the world of the markets and we will start with europe didn't do they closed in the red raising agencies which downgraded greece's credit worthiness father into junk status deceit from picture to say in maybe his own words this means default on his going to paris is highly likely the new feature as you can see the footsie finished up point two percent of the rats on the last nearly one percent down. they were in russia it was a similar color pallet but also rats delta as point eight percent down the miserly over a percent in the negative territory. a dispute between europe and the rest of the world over a new carbon tax on fly's is coming to a head diplomats from opposing countries are mosco to discuss the council measures possible retaliation dmitri medvedev because at the event of business ar