does it suit samaras?would think the worst-case scenario and i do not think reading the germans, they are not encouraging the grexit. we did great work look at the impact of the eurozone breakup. and badly hit during that. the environment for this investment with -- if greece were to move the president would be set there and spain and italy to move that way and with that. it is talking about the worst-case an oreo -- scenario and we wake up and see if it really wants to stick to those. >> when i wake up and the audience wakes up with possibly a new government, you are looking at the euro, where is it going to go? >> initially, the event risk, the fx mark -- markets are forward thinking and assessing a chance of that happening. it is probably another 1%, 2%. would get into the finer details. let's look at the plans. i think negotiations as well in particular because in terms of q2 the focus is going to turn to funding issues and the funding they need. unfortunately, 2012 story and would've moved on and now

we do not believe samaras wants to take resell.ke 2012, it is grandstanding and germany versus greece. the germans want the greeks to be more responsible and the greeks do not want to feel as if they are being strangled. >> and said it is not in their interest, but you reject a financial engineering, surely rearranging the deck. that is -- rearranging the debt. -- that's not going to make much difference isn't? >> greece needs to make reforms. the most likely outcome is a lot of inflation. from greece's perspective, yes 80's to a lot but it is better with euro's support. -- and they needed to do a lot but it is better with euro support. >> unemployment around 25%. two different worlds. one central bank that needs on january 22 and what does the ecb do about it? >> the german economy is much bigger. our view is that yesterday, negative inflation reading is not so much fundamentally but politically but allows mr. draghi to build the core. we are calling for qe and surprise it did not happen in december. if you look at rocky and the s

the greek party, samaras is posturing. they were saying greece would leave.ng and maneuvering but the reality is that it is still does not make sense in my view to talk about greek departure from the eurozone. >> amongst the posturing, what do we know about samaras' planet -- plan how far from austerity will they really go? >> they do not have a plan essentially. it is a very -- party where the leader is questionable. it was fairly easy for them to keep control and the moment they go into assuming they've managed to do that but cousin there is a question mark of their. -- because there is a question mark there. that isn't in the plan. what in heaven saying for the past couple of years, they are ruling out unilateral moves. there's plenty on the other side in terms of policy ideas and very difficult to sell to brussels. in my view, a series of poses, not so much the plan of putting it together but the fact that do not have any -- in running any sort of government, local, regional and certainly not the national level. this lack of experience will be the biggest

samaras. story and the present going around which is entitled "he is under the doormat" and the fact that mr. samaras was not there to greet mr. tsipras and the places effectively bare. a very clean handover. they have been spring cleaning and maybe a sense of the tone of one government from the other. maybe that's something brussels should look that to expect to see the greeks carry on and the commitments made by the previous administration. the fact that mr. tsipras' party has gone in with the independent greeks making it clear that a harder line is going to be taken up by athens despite the fact that the greeks have very few solid cards to play. >> we will see how it comes to bear to see how they get the funding. guy johnson in athens. stephen king is still with me, chief economist at hsbc. an accidental economist. >> i think a professional economist. >> exactly. it's a good we have somebody with a sense of humor? >> it is always good in these areas. >> stephen, how strong is his hand at th

it looks like we let les thai records and samaras a san jose and around oakland and hayward.will be the warmest day of the warming trend with widespread '70s but things will start to cool into early next week with a slight chance of rain. >>pam moore:a giant asteroid will be flying by earth monday. nasa says the asteroid, about a third of a mile in size. will miss us by more than 740- thousand miles.which is about three times the distance between the earth and moon. the asteroid poses no threat to earth.but you may able to see it with strong binoculars or telescopes. the giant space rock will be the biggest to pass close to earth until 2027. in sports. one day after steph curry finishes with the most all-star votes. . fellow splash brother klay thompson makes his all-star statement with the best quarter in n-b-a history. gary has the highlgihts. and all the sports. next!! >>gary radnich: in the history of pro basketball and ice man not kobe not any other professional player played more scored more points in a quarter then stephen curry did recently . he scored a record 37 poi

the impending greeks -- independent greeks was deposed by then conservative prime minister antonis samaras. but the parties don't have so much in common, especially in terms of foreign policy or immigration policy. i don't think that this strange marriage could last forever. >> and meanwhile, a lot of the creditor countries are saying that they will be tough on compromise. it will be difficult won't it? >> we will have to see. tomorrow, mr. siegrist will present his government and many believe that radical voices will not be included in this government. we should not forget that in a last few weeks and months, chief economist within the party have expressed moderate use -- moderate views. for example, they were saying that they should balance the budget, or that nationalizing greek banks is not possible anymore. it's entirely possible that sipr as may change his mind, but we will see. but what do you think will likely be the first order of business for his -- >> what do you think will likely be the first-order business for his government? >> i think social measures, like for example revoki

samaras. we are approaching elections very, very shortly. we've been hearing from mr.rning saying greece shouldn't ask for more bailout loans, but some sort of agreement is going to be required, vis-a-vis the debt this country currently holds. >> yeah, the million dollar question. it comes january 26. the greece shipping industry could be affected by the outcome of the looming greek election. joining us is michael. great to have out program. thank you so much for joining us n. terms of what the elections bring, i guess it's uncertainty until we have the elections and maybe more afterwards. what are you looking to the government to actually make your life easier in terms of contributing to g.d.p. and do it for greece business? >> it's not a greek business, it is an international business. there's very little that can be done in greece to actually affect us. in the last few years of the crisis, no jobs have been lost in our sector, and no pay cuts either. we are really concerned about what's happening in the world. there's a person in greece. our neighbors live there. we

that's nearly nine points more than the center right new democracy party led by prime minister antonis samaras. under greece's electoral system the party that wins the most votes is awarded 50 bonus seats in parliament. that would give syriza 149 or nearly half of the seats. >> translator: i can see hope. >> translator: the greek economy can't get any worse. it will have to become better. >> tsipras said greece will hold talks with the european union to reduce the country's debt. his party is opposed to bailout conditions imposed by the eu and the international monetary fund. investors and government officials in other countries are waiting to see how greece's next government will handle the negotiations. >>> and negotiations over pay are under way between japan's biggest labor union and the country's largest business federation. ron madison is here with the latest on this story. ron? >> that's right, gene. business and labor leaders could be heading into some pretty tough bargaining. they're staking out their positions now for the upcoming round of nationwide wage negotiations during two days

samara whit. and ferad karashi as well, and jose louis from ta sf. next speaker? >> hi, my name is (inaudible) and i live in district eight or the twin peaks district of san francisco i am a youth for turf which is a program (inaudible) and i am standing before you here today to show you my support for this policy and to ask your your support. the neighborhood where i live is the valley and the neighborhood where my school is located which is in the heights, and there is barely me tobacco outlets only a few blocks away and in the tender loin there is a lot, and it is such a small distance that a young different in lack of density and some neighbors, like the tender loin it is normal to see a lot of the tobacco outlets and smokers but in neighborhoods like the heights it is not that normal. and i think that is because of the lack of density and also they target the low income communities and the people of color and youth and lgbtq communities and i am at least in two of those, i am a person of color and so i am a youth and i am being targeted by this and i know tha

you have samaras and they may actually get to form a government in greece.have spain the general elections and then the end of the year, the general elections. it is a party, very close. we are talking about the economy. that creates uncertainty. we do not know what policies actually support us. we do not know. it's the first time. >> how does the ecb deal with credit risk? given the political backdrop, we know what samaras has been saying and a lot of greek debt in government has already a you could argue less is a risk. talking about spain. a significant issue here. there's a story out of this morning will be seeing. if it were to -- how does it deal with the issue? >> it is an important issue again. buying anna q basis is something that makes this and has been mentioned -- buying on a basis is something that makes sense and has been mentioned. what is important here is a foregoing the risk sharon the basis that would july debt and building debt -- and that would build that. -- that would build debt. [indiscernible] we shall see. at the end of the day, the

this happened saturday night in ventura the man was da's would like a fluid and set on fire the the samarass out and then called 91 the suffered second and third degree burns was expected to be ok. not knowing the model of the individuals it is to be random act at this time. but things happen and you will not expected wellfleet this is a random act that will not see again. >>mark: the slant was much as 65 people around the committee left a message of support for the homeless man. >>mark: the world's richest one percent will control more than half of the total global up by next year due for release today >>darya: is 626 will back with more on this monday morning if you want to get out and you'll notice it is all get out there the golden gate bridge no one is really all right now adjutancy very few cars also look at the front of the store a snatch and robbery will tell you what's mass into it and what they grasped. discer cd.hocan helpou? ohyou' rea you ow i rea at discor, wre alys he toalk. good, ause don hav ime r maines so comniesju don appciat e por ofonveatio u kn, i ke y! i li youoo! at

. >> reporter: samaras's party has been trailing in the polls by three to five points. now that lead has widened to six or seven points. however, he retain as very solid 25 to 27% which does not seem ready to abandon him. he has done a couple of things in an offensive sort of way. he has avoided a television debate with his opponent, and he has avoided a television statement on the networks. he has a record with three main achievements. firstly, the stabilization of the recession the economy has now stopped shrinking. secondly the balancing of the budget at the end of 2013 and the primary surplus and thirdly, the fact that greece has now bonds again on international markets at reasonable rates. the quantitative easing announced by the european central bank today should enable greece to continue to borrow affordbly once it graduates from its program. >> one local businessman has little faith that a new government will be capable of any improvements. bankruptcy pushed him to make a desperate stand in a warning that you may find some images in this report upsetting. >> a g

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: that's a position that greece's conservative new democracy party, led by prime minister antonis samaras with: >> reporter: you cannot be against europe and expect to get more money than what i'm expecting for greece to get from europe in the future. >> sreenivasan: the issue has sharply divided greek citizens. in athens, pensioner savvas papadopoulos won't cast his ballot for syriza because he believes the e.u. bailouts are a lifeline. >> ( translated ): where will the money come from? where can he find it? he says he will go against the e.u. how will he manage that? after all, we are borrowing money from them, we need them. they are our lenders! what can we do about that? >> sreenivasan: there are glimmers of economic hope, since 2009, greece has climbed back from deep government deficits to a surplus last year. but for people like katerina tsakaloo, it's too little, too late. she's having to sell her athens cafe because she owes the government money on her pension. >> my loan is considered red now, and i also have my pensioner mother staying with me. where am i going to have her stay

second in the greek election was the conservative new democracy party headed by prime minister antonis samaras. >> the greek people have spoken. we all respect their decision. my conscience is clear. i took over a country on edge of catastrophe. i had to handle hot coals. most people said we would not make it, but we did and we avoided the worst. i hand over a country that is a member of the european union and europe -- >> here in the united states independent senator bernie sanders praised the election of syriza. he said -- "the syriza victory in the greek elections tell us that people around the world will no longer accept austerity for working families while the rich continue to get much richer. in egypt, at least 17 people were killed on sunday in egypt's bloodiest protests since abdel fattah al-sisi was elected president as security forces fired at protesters marking the anniversary of the 2011 uprising that toppled hosni mubarak. riot police backed by soldiers in armored vehicles sealed off roads, including those leading to cairo's tahrir square, the -- riot police with rifles and plain

. >> greece could be forced to leave the euro and samaras was to start his own deal. -- wants to strikeis own deal. >> for more on greece less give it -- let's give it to elliott gotkine let's been speaking to the finance minster. good morning to you. >> it was a confident and apparently relaxed finance minister i met yesterday morning. perhaps, after the elections something less stressful to do other than being finance minister. very much focus on elections on january 25 and the opposition, still living in the opinion poll. the finance minister told me it must not renege on greece's obligations. >> has to oprah by the -- obeyed by the commitments that greece has signed up for. greece has received a huge amount of money just from the european, 195 billion euros and made commitments. when we made those commitments we were greeks. we're not a particular party. this has to be understood. >> after the elections, have greeks stopped paying taxes, contributions or mortgages since they knew a snap election was coming? >> is very natural before elections to observe some kind of a freeze, some p

samaras as saying in vessels the case, greece will default -- is saying if that is the case greece willfive-year chart there. the other factor, after the greek story,. angela merkel is ready to accept a brief exit. -- a greek exit. >> people are saying that. >> the second area is the ecb. we have already seen in action on mr. drive the. -- mr. mario draghi. and the markets will be really angry about that. we are definitely going to see quantitative easing of sorts. that is the crucial bit. the head of assets for asia-pacific and talking about mr. draghi and the comments you are ready heard and what the markets expect to happen. >> the fact he said we cannot rule out a deflation risk and acts upon it is a very clear signal that the ecb is considering and will embark on qe sooner rather than later. >> on the first indication, inflation data out of the eurozone of wednesday of this week and look forward to that or not. the case is the meeting. as in greek. >> and payrolls could play into what happens. the events within euro and the eurozone it self. >> the ecb which has to a greek election

. -- from samaras. you also had noise from officials supporting that line.bit of a blast from the past, if you like. the battle lines are forming in a similar way to then. there is a bit of a boy who cried wolf syndrome. there is a little more concern about it than there was a few months ago. anecdotally, i don't get a huge sense that most greeks are really worried, really think greece is going to be kicked out of the euro. i guess polls will confirm that soon or not. >> marcus what impact will george andreas koutras -- george papandreou's new party have? how much impact will he have? >> a lot of this is about the scramble for the vote, looking for a home after the collapse of his old party which he was prime minister of. syriza has been a big beneficiary of the collapse. a lot of former voters have gone to surveys up. -- to syriza. papandreou is not a hugely popular figure in greece. this is the guy that took greece into the bailout. it is a matter of how many voters go over. it is a big blow for his former party. the foreign minister and the junior coaliti

with a anti-austerity party winning in greece, samaras has conceded -- conceded defeat.th growing anger with international creditors. the greek economy has shrunk by a quarter. japan, two of his national -- two of his national journalists have been killed. prime minister shinzo abe had offered to fight against extremists a it is unclear. the messages disappear from websites after it was posted. the united states and is prepared to step up sanctions in russia at least 30 people were killed when rockets hit the strategically placed ports. the attack after pro-russian separatists rejected talks and promising new offensive against government forces. lifting the airasia fuselage. the cable snapped. strong currents were too much for the tide. 70 bodies have been recovered from the airplane which crashed december 28 with 162 people on board. a preliminary report may be released this week. india has shifted on climate change. prime minister modi said they have -- have to reduce emissions. these comments are just is moving toward joining the international deal on curbing greenhou

samaras that he's going to make these reforms. now, everything is on hold.he troika put everything on hold until after the election. we have to see what is going to happen. if somebody's going to cut back on reforms, then we will not pay out any more money to the greek government. >> answer me this, how conceivable is it that we have a greek exit? what it be the end of the european union -- the eurozone project? >> i just had some garbling. can you repeat your question? >> how likely is it that greece leaves the eurozone and does that mean the end of the project? >> it depends on the greek government. he has to see how he is going to handle the election. if he's cutting back on reforms and not paying anything as far as interest is concerned -- i remember very well and i know very well from history that what has been said prior to the election is not always what has been made in politics after the election. let's wait and see. it is very difficult to predict at the moment. >> should mario draghi buy greek debt? >> we don't want to have qe without condition. o

samaras makes a last-ditch appeal to voters.ll be watching that election in greece quite closely. let's take a very quick break. we have plenty more to come. we have jack ma, the ceo of alibaba. that is coming up live from davos in a couple minutes. ♪ >> we are live at the world economic forum. charlie rose speaks to jack ma. let's listen in. >> it is a long break. i think my last year was 2008. my last trip here was 2008. i can remember, i never heard about davos when i came. when i came to switzerland, so many young people demonstrate. i asked them, why do they do it? they say, anti-globalization. i say, why, globalization is a great thing. then, we come for two hours here. there's people checking us out. is there a problem? [laughter] but when i joined as a young global leader, i was thrilled. i had so many ideas. the first three or four years, i learned what does globalization mean what does cooperative citizenship mean. all these new ideas. i see so many great leaders. i benefit a lot. the year 2008 and 2009 when the financ

one, we were hoping that samaras would stay in. >> that didn't happen. >> but his rhetoric when we ranme as the rhetoric. then as soon as he got in, he became very cooperative. it's every month. it starts in february at a few hundred million euros and it ramps up. by august they need 15 billion euros of debt repayment and interest payments on those loans. >> so how does it play out? >> yeah. when does that -- >> i think again the good sign is that speed with which they are moving i think they'll have their whole team in place by tomorrow. then it will only be ten ministers rather than the 18 before. so that suggests to me that it's consolidating power in a relatively smaller group. and that's probably a very good idea. in fact, today there's a meeting with the finance minister in brussels and they're having him by phone participate in that meeting. so it sounds to me like they're not going to fumble around in the very early days. i also believe the eu will make concessions. not in the sense of actually canceling debt but they could cut the interest rate. greece right now is paying abou