internationalist agenda because what we've seen is that there is not an agreement i think nouriel roubini was saying that g. seven has become irrelevant when we're looking at zero because no one can agree on anything so when we're looking at things from this level in perspective i think it's done but at the same time everything is really tied together the financial system is really tied together so if one country does something other countries are affected and they you know protest it or have to be on board in order to really get it achieved certainly important to have all these countries come and sit at the table together but not so much if it's just going to be too many cooks in the kitchen. and nobody having sort of a unified front that's davos this agreement with greece with the euro zone was supposed to happen this week and hasn't happened yet predictions really quick on the next twenty four hours are really not an expert i talked to a lot of experts but i mean my prediction is that nothing big is going to happen i mean that's what we've seen more of that just after being in davos it

like everybody is george soros there are a lot of guys in suits that are not big like they're not roubini they're guys in suits chattering about oh i had this good meeting with so and so so maybe that's it maybe this is a good place to do business deals maybe policy doesn't come out of it maybe it does we have seen some historical agreements that actually have also angela merkel i thought was interesting at the end of her opening remarks she said that it's important for politicians like herself to get input from all of the people that are i davos and as you mentioned a very elite group of people that are mostly financial so i think that it does play a role and laura very briefly we talked about income inequality but last year we saw joseph stiglitz wife talk about sort of the inequality within the ranks of doll those with a different colored a name tag where the wives and the journalists and even the prostitutes or the send down on this cape town are all sort of stratified by these color coded tags can you talk a little bit about that any interesting insight. yeah the first thing that i'v

session on banks are too big and the consequences of banks that are too big and it was roubini obviously you know very well known economists and you had a got a central banking background and some finance ministers and they're all debating this but from within the viewpoint of the current system so when they talk about how you know small banks are really the ones to historically fail not big banks so we shouldn't really be as worried about this well why don't big banks fail because they get bailed out by governments and they get supported by federal reserve banks now why isn't that question to time when people are out on the streets protesting bailouts and that's not just people that are the ninety nine percent those are people i talk to that are the one percent that just are wall street bankers or c.e.o.'s of these huge multinational companies so corporations i should say so really you know the debate is framed in a very stylish way which i think is concerning when you do have the one thing i will say is a congressman a u.s. congressman he said you know i come here for the networking bu

that's really beneficial for them so they have their own agenda and that's very separate from the roubini that you see quoted and the klaus schwab that you see quoted and kind of all of these newsmakers there making news for the official agenda kind of these big economic stories but there really is to use two different davos is yesterday was a little bit saying you know i don't really see all of the kind of star power davos today a little bit of a different thing today you did see you know jamie diamond running by with his running shoes in his hand don't know i knew. anybody can guess play people on twitter dead and you know nobel laureates getting a drink at the bar sitting with their wives in the case of two that i saw michael spence and joseph stiglitz so you do see more of that they won't talk to me to the press but they're here also so what is there with a running shoe or we should be worried i mean what are we going to make of it as you're running from you what is in the running shoes. i don't know why has the running shoes but i'm sure if i approach jimmy probably use them to run f

merkel opens up the form david cameron will speak famous economists like joseph stiglitz and nouriel roubini are regular attendees timothy geithner will be there of course i.m.f. head christine legarde billionaire fund manager george soros google's eric schmidt and of course head of the c b mario draghi will be in attendance so now what about everyone else the concern is decisions are being made that could affect their lives maybe in a bad way but definitely without their say. and lauren is there to see what's really going on. all right i'm here i've made it to davos i'm at the world economic forum my first time i'm not alone though turns out morgan stanley's c.e.o. says first time which shows the caliber of the people that are here ok these are much of the corporate elite much of the global elite when it comes to wealth power all of that so they're all gathered here the question is what is davos man got on his agenda this year now of course the unofficial business is what davos has really become known for in many respects that's what you hear about that makes it worth all of the money that