assistance externally and is the only country in southern europe which is no longer in the excessiveprocedure. that includes all southern europe but also france, belgium, even the netherlands are now being observed because of not italy.eficit, so i don't find it normal that italy still has to pay a higher premium, a higher spread over germany, then spain is. staying on your up and looking at the parliament to elections, we're joined by the ceo of rothschild. thank you for speaking with us. it looks like the results from a lot of the elections are a backlash against a lot of the capitalist forces that drove the recovery. you're the founder of the inclusive capitalism conference, which is happening tomorrow in london. i think a lot of people here that phrase and automatically think those are two contradictory ideas. capitalism and inclusive. what you say to that? >> i say for adam smith, he would not have had use the word inclusive capitalism because for him, capitalism by definition was inclusive. so it would be a redundancy. unfortunately, you're right. today it is an oxymoron to thi

it is the only country in southern europe which is no -- procedure.t doesn't include all of southern europe, but also france, belgium, even the netherlands are now being a debit because of procedure, not italy. i find it normal that italy still has to pay a higher premium, i higher spread over germany than spain is. >> interesting to look at the reaction in the periphery bond markets after the eu elections in light of what mario monti said. rising.ces are bond prices in spain are rising. investors are very much focusing on mario draghi and our eu elections. percent, when i left europe three years ago, we were at five or six percent. we're seeing surgeon shares of italian banks by the popularity of as much as seven percent. unicredit also gaining some 4.6%. the reaction there in the italian equity markets and bond markets. we are really zynga matteo renzi escape the blame for the economic stagnation that took down so many others. >> this isn't the first time he has had to face the public. of course he hasn't faced the public in italy before. it is a ma

risky operations is that not only do investors from inside europe, from northern europe, come to southern europe, but from all sides, they come to your -- to europe and wanted by uye currency in -- want to b the currency in order to invest in government bonds and what have you. it is difficult to find the right mix in europe. >> thank you so much for your time. an interesting interview. we always talk about the core and the periphery. i never thought we would talk about europe in terms of hot and cold. there is no lukewarm. >> north netherlands, of course. colleaguesof our printed a terrific story yesterday called the ikea of northern europe economics creek saying that the leaders, mario draghi, in particular, are adopting a scandinavian model for these rates. deflation,oes have of course. coming up, russia's recovery. we will head back to st. petersburg and speak with the russian deputy finance minister. that is right after the break. stay with us. ♪ >> it is day 2 of the st. petersburg international economic forum and one key topic on top of the agenda is russia's stalling economy. let's get b

parties on the political left to rebuild years ago still receive measures in southern europe as voters move to new leaders to drown them out of the economic doldrums. and amassed a realisation scoundrel sees californian prisons come in for strong criticism while the form of paul that tells all see the conditions and the facilities are nothing short of torture. and welcome to all scenes or national twenty four hour news live from moscow. thanks for joining us recurring gunshots are being heard in donetsk in eastern ukraine as the military keeps the city under siege locals fear the army is preparing for yet another raid following days of violent shootouts with anti-government groups aircraft are patrolling the skies above as people are being warned to stay inside and away from the windows. here isn't the region with the details. well increasingly denotes is becoming a city of panic and lock down there is a growing fear here that the government will resume its military operation people have been ordered to stay at home and far from they windows in the last few hours there have been milita

in southern europe, many blame brussels for the economic hardship they are going through. greece's opposition leader is trying to capitalize on that sentiment rate as the left party candidate for commission president, he is trying to win support from all those who say enough is enough. >> in the market square of the little town, the stages ready for the arrival of the socialist opposition leader. the area is buzzing with people who are fed up with the established parties. >> if the prime minister and his people win, it will have a worse effect on europe. he's a young man and we have high hopes for him. >> people should give him a chance. they will see if things go uphill or downhill for us. >> when he finally takes to the stage, he receives a hero's welcome. the young politician is charismatic but unapproachable. he has been entered into the race for the european commission and we have lined up an interview, but he is focused on other things. in his speech, he lists europe's flaws, sharply criticizing the austerity measures imposed on his country. he describes the conseque

policies on the political left to reap the rewards of years of us terracing measures in southern europe as voters look for new leaders to drown them out of the economic doldrums. the monster realisations candled sees california prisons come in for strong criticism while a former convict tells us see the conditions and the facilities are nothing short of torture. and welcome to anti international news live from moscow. thanks for joining us we're carrying guns being heard in donetsk in eastern ukraine as the military keeps the city under siege locals fear the army is preparing for yet another raid following days of violent shootouts when anti government with anti government groups patrolling the skies a bomb as people are being warned to stay inside and away from the windows paula ca's in the region with the details. well increasingly today it's is becoming a city of panic and lock down there is a growing fear here that the government will resume its military operation people have been ordered to stay at home and far from they windows this is a city where people are afraid in the last fe

and so even as economies start to grow in southern europe, the consequences of this crisis could be felt for decades to come. claudia is an experienced set designer for the theatre and slightly older than sara. she likes to keep busy, but the work has dried up. she hasn't had a regular job for two years. in these conditions, she says, it's not possible to start a family. >> translation: i have many friends in a worse situation than me, because i don't have children. i have friends with two children, school to pay for, health care, and so on. they have to ask our parents for help. that generation is keeping us going. >> for sara, the hostile offered her a job. it pays a few hundred a month, not much to live on, but young europeans are dispralt for a -- desperate for a start, as it becomes more difficult to break out of a cycle of unemployment. >> new york's international film festival opens and one film was written and acted by young people who grew up in foster care. christian saloomey reports on how they turned their experiences into an inspirational film. >> movie reel: we are here to.

which came out of the crisis without any financial assistance and is the only country in southern europes no longer in the excessive deficit received your. that includes all southern belgium,t also france, the netherlands are now being observed because of excessive deficit, not italy. i don't find it normal that italy still have two -- has to pay a higher premium over germany than spain. >> let's hope that continues unabated and nobody does question what mr. renzi employees. this is billed as the jackson hole of europe. what's nonstandard measures are going to work to relieve the ?ituation in europe what does drawdy need to deliver? need to deliver? >> he has been doing a lot. i think the best moments have been 2012 by the in european council, which i was a member, to adopt unanimously a decision invoking some stabilization of the bond markets for those countries which were in line with your recommendations. that was adopted. it was not easy. that paved the way for mr. the outo put in place right monetary transaction. that has never been used but has proved to be a powerful safety net th

he's also running on a platform to combat youth unemployment especially in hot southern europe. it is. dow jones is not one to pull his punches just last week he criticized elements of free trade negotiations with the us lindsay team mundine do the things that these free trade agreement is unlicensed along the mine on environmental standards the weekend on consumer protection standards no labels. ros bates protection tools to be met with opposition to tyranny in the middle east may often be found in all schools in mind in the new employer. some argue it is not not mince words on to kiss his defense of the common currency has and to the nickname mr you are among his colleagues as president of the unit that he became an advocate for the east crisis ridden countries. he wants to get its fiscal house in order to keep topping up debt stricken countries through your opponents. when i'm running to help boost the european economy in the job market is in portsmouth and the i don't mean that presumptuous way from what i believe that a combination of budgetary consolidation and structural

unemployment rates are staggeringly high particularly in southern europe, but finally the story has gone from crisis to recovery and yet they are in crisis once again. >> seems the pmi has inched up and also inflation. less chance to the ecb -- >> as recently as a month ago, suggesting -- >> if inflation is not a concern, why would the ecb need to react to my right -- react, right? >> they wanted to continue the same tradition and the germans would not have gotten involved. the united states, if we look at the payroll numbers, the wage pressure is still very moderate. we see some potential inflation pick up. still, the wage is [indiscernible] this is a so-called ideal situation. improving while inflation is lacking. >> let's look at the bottom line. gdp, gross debt. these figures are the facts. say it is recovery or better confidence? any knock on the markets could just -- >> we were talking six months ago and we mentioned the 10-year portuguese was .6%, would you have laughed that may? >> -- laughed at me? at themember feeling time that the reaction was overstated on the negative side.

>> i thought the european story is interesting in terms of the increased cohesiveness of southern europe starting to work and trade starting to move. we are seeing that in gdp numbers and domestic consumption. that is interesting. on the flip side machine sales were down 14% into asia and latin america, so you have got big drops in the investment side of mining and that is the old industry driving the emerging markets, which are starting to tail off. it is a transition, and this is a good sign in terms of how that transition is going. >> the top line of your agenda is there is no significant risk of a market correction. good.he data is really convinced about these markets? >> we have rarely seen a big corruption when the indexes in an expansionary phase. i have looked back to the data and not found it. the pan is interesting because bmi has gone below 15. it is a japan centric story with a consumption tax increase that has caused that to some extent. he have seen a big bounce back numbers.y i think may is probably the of global gdp. june we should start seeing a pickup. all the indicator

it is a clear and present threat to southern europe, italy, spain . you move up the mediterranean into europe, those are real-time threats right now. the training ground in the syria is certainly a threat. we know a lot of these groups are training and there are individuals going to syria to get terrorist training and they learn. they then take that back to their home country. very something we watch carefully. homeland security fbi, law enforcement. >> the world attention has focused on 200 children who were of the did -- abducted by boko haram in nigeria. we don't even know where they are. what is the united states doing? do toill we be able to bring those children back? >> president obama said the united states will do everything possible. let's start there. let's understand the reality of nigeria. all of those nations are sovereign. we cannot just parachute in -- i suppose we could. >> we have the ability. >> you have to work with the governments. you have to be invited into help . we're working closely with nigerians and things that we are doing.

all those dynamics together, in my opinion, europe is what you want to watch and europe going sour or southern interest rates going up can't be good for the economy. >> you're right. that's why we love you. and bob, do you agree? is europe a market indicating where we're headed? >> certainly there was too much zuberance on buying. and i want to take you here, a lot of people have been arguing despite europe, the u.s. is still the best place to invest globally. germany is up a little bit, the straw man, not a particularly great performance. and china down. the u.s. is still the best place even with the economic growth. look at these yields. at&t 5% and altria at 5. look at at&t. remember how it's going up recently. remember what's going on with directtv and them buying it. they want to use that partly to take the cash flow and pay the diffident. it will be guaranteed. dvy is the same. what they do, they screen for companies increasing their incr dividend. notice the performance has been pretty steady here. people sense even though there was concerns last year, they won't matter, dividend yeefld

and southern europe starting to stabilize. >> plenty more to talk about. i want to get into the global economy and what you're expecting this year. eric joins us live with the numbers. >> good morning, maria. good morning, everyone. well, we got spoiled. after last year's s&p run-up of 30%, are we now standing on the edge of a cliff or the base of another glorious mountain. the drop of 1% or 167 points indicates uncertainty ahead. even with the slight gain we had on friday. the dow jones industrial average is down only a half percent. the s&p is up a point and a half. look at the 2000, it stkeupd into correction territory, bounced back on friday. it still remains down 5% for the year, which could be a signal of what's to come. and the troubling first quarter gdp. it fell to a measly .1%. analysts predicted a robust 1.2% growth. the polar vortex blamed for doing a snow job on the economy. walmart hit by the winter weather. the world's largest retailer notched its smallest growth in five years. the slowdown has not just been here at home. the deceleration in

they're saying too many from southern europe coming to take our jobs.itical message particularly with blue collar working class workers in denmark, netherlands, germany, finland, britain. that's where the euro skepticism is creeping in. >> is that the message you're hearing over and over again? >> well, i mean, look -- broadly speaking they say eu is good for this country. it's a small country. they believe in general the majority of the country believes membership of the eu single market gives them great economic benefits. they are starting and have been in the last few years to focus on costs of that. they've always been a little bit mixed feeling toward the eu. yes, economic benefits. they're not happy about the social aspects that come with the european union further integration. there's concern here. other countries in northern europe and others as well. france of course. there's a concern eu is too involved in day-to-day life in some countries. the european parliament, next one, when votes are in and new ones are in their seat, the new parliament

and so, even as economists start to grow in southern europe, the consequences of this crisis could be felt for decades to come. she likes to keep busy, but the work has dried up. she hasn't had a regular job for almost two years. in these conditions she says it's not possible to start a family. >> i have many friends in a worse situation than me, because i don't have children. i have friend whose have two children, school to pay for, healthcare, and so on, they have to ask theirn't parents for help, it is our parents generation that is keeping us going. >> the hostile where she has been interviewed offered her a job, not love to live on, but young europeans are desperate for just a start. as it becomes more and more difficult to break out of a cycle of unemployment. barn by phillips al jazeera,less ban. >> on saturday we will be reporting where youth unemployment and remain as major problem three years on. the official count down to scotland's referendum has begun, while campaigning officially underway, polls suggest 30% will say yes to leaving the u.k., plus 40% are against it, there

it's certainly a clear and present threat to southern europe -- italy, spain, as you move up from the me mediterranen up into europe. those are real-time threats right now, but it's certainly a threat, the training ground in syria, that we know, a lot of the groups are going to syria to get terrorist training, and they learn. they then take that back to their home countries. so it's something we watch very carefully, homeland security, f.b.i., law enforcement, we do monitoring, all our inner agencies. >> charlie: the world's attention is focused on 200 children abducted by boko haram in nigeria. we don't even know where they are, although you may know where they are. what is the united states doing and what are we going to be able to do to bring those children back? >> president obama said we, the united states, are going to do everything we possibly can to help. >> charlie: what does that mean? >> i'll explain that. let's start there. second, let's understand the reality of nigeria. all those nations are sovereign nations. we can't just parachute in -- well, i suppose we could -- >>

and so, even as economies start to grow in southern europe, the consequences of this crisis could be felt for decades to come. claudia is slightly older than sara, an experienced set designer in the theatre. she likes to keep busy but the work has dried up. she hasn't had a regular job for almost two years. in these conditions, she says, it's not possible to start a family. >> translator: i have many friends in a worse situation than me because i don't have children. i have friends who have two children, school to pay for, healthcare and so on. they have to ask their parents for help. it's our parents' generation that's keeping us going. >> for sara, there is good news. the hostel where she had the interview had offered her a job. it only pays a few hundred dollars a month. not much to live on this city, but young europeans are desperate for just a start as it becomes more and more difficult to break out of a cycle of unemployment. barnaby phillips, al jazeera, lisbon. >> and in the next part of our generation jobless series, a report from tunisia where youth unemployment helped trig

trying to set the foundation for more actively addressing the lack of small bids credit throughout southern europe and europe more broadly. that will require measures of l certain things. >> is that conference helping to push that topic a little bit? >> i think it is. you can see peter and ben have done the conference. they are in addition to being the house intellectuals, they're pushing this idea of dealing directly with the credit problems. certainly i'm about to give remarks and mine will be focused on the reasons why it's rational for the ecb to go down this path. others have raised it in the conference. i feel this is useful ground work. >> let us talk also about the effect of a potential negative deposit rate. there are people saying it won't really do a lot positive. >> yes. i'm in that camp. it won't hurt. and it would be good because then the ecb is acknowledging with money that they are worried about the down side risks. it's not going to have a very big impact. it's going to be 25 basis points. i don't think anybody feels they can go much lower than that. the impact will be limited. th

all attention will be focused on southern europe where the ecb president mario draghi speaks again. everything covered. >> we are all eyes on ipos. shares in european exchange will soon be on sale. more on this later. hans, over to you. here is the idea. if you're going to make assurances to keep the nuclear unit inside of france. we're going to keep an eye on these equity markets. we are playing a little bit of catch-up in the united kingdom. bets from the ecb, info.with this u.s. trade let's check out the markets with jonathan ferro. >> going toward a seventh straight week on that particular index. this is her market open right now. bit of a pullback. that is what you have on the cac 40. ignore these two, the markets have not opened yet. -- marches uparks higher.

. >> when i look at interest rates in southern europe, and i see the italian spread between their 100, hasn't touched there since 2011, low interest rates aren't hurting the euro and relatively high interest rates in the u.s. aren't helping the green back. why do you think it is that european rates, especially in southern europe, have moved so much lower? >> well, first of all, i would say the main reason, obviously, is that the resilience of the euro as a currency and as a concept, as a political and monetary and economic endeavor, has been remarkable. remarkable resilience, which had not been priced in before. so there is this discovery that, as i have always said, and as mario draghi has always said, the discovery that the resilience of europe is much more considerable than thought. let's also consider it's good for italy or for the other countries that the long-term rates, the benchmark of the long-term rates, is lower, because it favors the integration of the euro. you know well of the problem of the monetary policy transmiss n transmission. it is that you decide a level of inte

economic stats for the country that are absolutely appalling on a par with the worst i've seen in southern europedigit inflation. the currency is down about 25% so far this year. nearly $35 billion in financing over the next couple of years as well. the problems in this country are on france. it will take an extraordinary effort on the prime minister and the mayor of kiev to turn this country around. that's regardless of the other geopolitical issues. it's a mighty task. >> it certainly is. we'll follow it with plenty more on cnbc.com. for now, that's the latest from kiev. >>> it looks like there's some dissension at the bank of japan. one member thinks the central bank should change its assessment of prices because risks are tilted to the downside. the proposal was rejected with the bank of japan maintaining its stance on prices finally being balanced. the nikkei closed higher today following minutes. the dollar/yen is under 102 after being down at three-and-a-half month lows at 180 last wednesday. the visibility of the 2% target is not dependent on the yen but a rise in the currency could have

southern europe, a slightly different picture. france, italy, spain, men are more fashion forward. these biases. half of the consumption there tends to come from men. the company is clever about that. there is a new segment in the market. it is becoming cool for younger people to carry men's accessories. we think about the world today. people looking for jobs. i think it pays to look better and look younger. and cosmetics companies, luxury goods, they are all going after this market. >> we learned this morning you should not try to make these products to feminine. this is a peekaboo bag we are talking about here. >> i think a peekaboo bag is very much still a niche product. in the upper extremes of luxury, some of that is the norm. when you're talking about making this a mass opportunity to wish you can make a lot of money, particularly things like cosmetics, for example, men's skincare is a fantastic homeru n, because men want to look younger. men's makeup, for example, is much more of a stretch. >> we called it guyliner, which made me nervous when i was reading the notes. guy ner

the reeling over the astounding gains of a far right and euro skeptics a steady wary voters in southern europe are showing support to left wing forces now this picture is most vivid in greece its main opposition party critical of the e.u.'s a sturdy policies went thundering to the top the main social democratic party pasok limped in only into fourth place and as artie's minute acosta reports large numbers of unemployed people are looking to the political left for change. greece is europe's most depressed economy with nearly half the workforce either unemployed or on paid under lease but basilio has worked most of his adult life and you could never imagine that he would be unable to work after his family as we walk into his flat he tells me he just received more bills that he doesn't know what to do with. not been paid since january salaries have already been cut by twenty five to thirty percent this isn't a case of who's not getting a paycheck the amount of people who are getting paid a very few greek unemployment is more than twice the average rate in the eurozone but the number of people who

we are so adamant about southern and eastern europe sticking to it, and we are sending out a deadly signal by moving in the opposite direction. >> despite objections, germany's parliament passed the reform by a large majority. >> deutsche welle has sealed a deal to work more closely with the television station in poland, tvp. >> they signed the agreement in warsaw. the networks will cooperate on joint productions and program exchanges, as well as combining efforts to cover major events, such as the current crisis in ukraine. pope francis begins a pilgrimage to the holy land this weekend. his three-day trip will take into jordan, israel, and the west bank. >> security is high. israel has issued restraining orders against jewish extremists. the pontiff's only public mass is in bethlehem, the traditional birthplace of jesus. >> we caught up with the city's christian mayor. >> this is one of the better parts of her job. she is meeting pilgrims from all over the world in front of the nativity church. two years ago, the palestinian woman became the mayor of bethlehem. >> when i became mayor, the

even as economies start to grow in southern europe, the consequences of this crisis could be felt for decades to come. >> she likes to keep busy, but the work has dried up. she hasn't had a regular job for almost two years. in these conditions, she says, it's not possible to start a family. >> i have many friends in a worse situation than me, because i don't have children. i have friends that have two children, school to pay for, health care and so on. they have to ask their parents for help. it's our parents' generation keeping us going. >> that is good news, the hostel where she had the interview offered her a job. it only pace a few hundred dollars a month, not much to live on in this city, but young europeans are desperate for a start as it becomes more and more difficult to break out of the cycle of unemployment. barney phillips, lisbon, aljazeera. >> the jobless rate stands at 14%. >> in canada, a survey finding millennials finding even in their early 30's still need financial help. 20% still live at home. what are we seeing with all of this? >> seeing the effects of parents who

if you go to the southern parts of europe. when i go to lunch i start at 11:00 and i end at 3:00. >> reporter: here there is a gap between houses. many here radio burn the european dream. a number of growing parties are trying to bring down the e.u. and insist that it has led people the wrong way by opening up the borders. >> if we could explain to the people that the benefits economically when it comes to our sovereignty, when it comes to immigration, if they are--if they are most strong and bigger than the negative sides of it, i can tell it to a lot of people. >> reporter: time has proven europe's establishment powerless against the rise of these parties. >> businesses here which rely on the border for the movement of goods despair the lackluster response to the anti-european. >> we sell more to italy than all the brick countries together. that wouldn't happen if there wasn't any e.u. that thanksgiving would not happen if there was no euro. i cannot understand why the politicians from either party cannot come with simple fa

for the southern europe, mediterranean states, they're trapped inside a currency that is massively overvalued. they have youth unemployment rates approaching 60% and they're going to a downward deflationary spiral. there are two other problems i would highlight. one is we have a regulatory regime in terms of employment law, health and safety at work which make us uncompetitive and lastly, the european union, my country being part of it have gone head long for a wind energy program that's put nearly 20% on the electricity bills of britain's manufacturing industries and we wonder why they're all closing down and relocating to india. you guys, at the same time, have gone for shale. your gas prices are only about 40% of what our gas prices are. and at the same time, in india, and in china, they're mining coal and burning coal on a scale that none of us can even believe. we've actually made ourselves uncompetitive through, yes, the state controls too much of the economy but we've given ourselves expensive energy and too many rules and regulations. >> sir, just a quick question for you. early today

if we go to the southern parts of europe, when i go for lunch, i start at 11 o'clock, and i finish at 3 o'clock. >> tom works in venlo where the dutch-german border is invisible. where the european union was born, it's down the road. many here would happily burn the european dream. genlo is the home of a party trying to bring down the e.u., which it insists is doing the wrong thing by opening the border. >> if we explain the benefits, when it comes to sovereignty, immigration, if they are more stronger and bigger than the negative sides of it, i can sell it to a lot of people. >> reporter: time has proven the establishment powerless to stop the rise of the parties. >> if we are unable to stop the danger are, it could easily, together, have the majority in the parliament in 2019. >> businesses here, which rely on the border constant for the movement of goods despair of the response to the anti-europeans. >> we do more business with italy than all the bric countries together. that wouldn't happen if there wasn't an e.u., or if there was no euro, and i cannot understand why the politicia

and, in fact, there are now 500 marines permanently stationed in southern europe justcontingency americans it comes to that. kate? >> barbara, thank you very much. let's look this morning, now let's turn to the va medical scandal. it is widening. a florida facility is now being investigated for allegedly keeping a secret waiting list of patients. this new allegation follows claims that delays in phoenix could have led to the deaths of 40 veterans. president obama has been standing by the va secretary eric shinseki. the president himself is facing questions as well. cnn's michelle is at the white house with more. >> reporter: we know the scandal has been growing seemingly by the day and now includes an investigation in gainesville, florida. the secret waiting lists that were not even entered into the computer. they were just written down on paper. and there was additional reporting this week that showed that the obama administration transition team, as president obama was taking office, was actually told by the va that these kinds of problems existed, with delays and waiting lists. and we d

. >> still to come, a mass reach of europe's southern border puts the spotlight on overcrowded migration centers. >> missing for decades, japan moves a step closer to learning the fate of citizens abducted by north korea. >> the controversial sports owner malcolm glazier passes away. what that means to manchester united and tampa bay buccaneers. >> ukraine's government said 14 have been killed after pro-russian separatists shot down a military helicopter over slovyansk. pro-russian separatists have been seen heading to donetsk airport. that was the scene of heavy fighting earlier in the week. >> cell braces in egypt as the former military chief al sisi looks set to win a clear victory in the presidential elections. supporters claim he's won 90% of the vote with nearly all the ballots counted. >> syrians in lebanon have been voting ahead of presidential elections after the poll was extended by a day. the june 3 presidential poll has been denounced as a sham by the syrian opposition and the west. >> the immigration center is now nearly five times over its capacity after hundreds of migrant

if you go to the southern parts of europe, when i go for lunch i start at 11 o'clock and finish at 3 o'clock. >> reporter: he works this a little town where the dutch-german border is invisible. it's a gab between the houses. down the road is the european union. many here would burp the european dreamt. it is the home down of leader of a growing party trying to bring down the e.u., which he insists led the people the wrong way, by opening the borders. >> a lot of people won't like if there's more controls at the border. if we explain that economically the benefits when it comes to sovereignty, our immigration. if they are - if they are more stronger and bigger than the negative sides of it, i can sell it to a lot of people. >> time has proven the establishment powerless to stop the rise of the passes. >> if we were unable to stop the dangers, it could easily, populist, have the majority in the parliament in 2019. businesses that rely on the boarder spare the lacklustre response to the anti-europeans. >> we do more business with italy than all the brick countries together. that wouldn

germany in particular has its hands full with the failing economies of southern europe the eurozone is still at risk so if you bring in a failing ukraine let's say that you bring in a western ukraine the remnant of this organization or this country is the western side of ukraine well you're talking about a perpetually failed state that you're going to have to support financially ad infinitum so again i think it's important to follow the money. you know the this isn't turning out the way i think the u.s. intended it to in people trying to put humpty dumpty back together again the best way that we can but again i think i think it's a monetary issue i think germany doesn't want another greece on its hands. you know you've said a month ago that the u.s. created this problem in ukraine and needs to stop it do you still believe there is a way to stop it could the u.s. ever really have stopped it actually well i think we're talking about egos at this point i think we're talking about issues. other than practical issues that. are difficult to resolve i think russia has made some good proposals

if you talk all of the paper in europe, especially southern europe, but to some extent the french paperr, and you put it in an talk, do you think that the current rates -- the current prices versus yield on the fixed income instrument would be where they are today? i don't think they would. and ecb is giving 100% collateral to the securities. and we know they're trying to find ways to u.s.-style quantitative easing. and i think if you think about that, the issue is if it really isn't there, they really shouldn't have the benefits. and this is my second argument about why rates in the u.s. are going to remain on the low side. first one is weaker data than it should be after five and a half years post-recession, but the latters, the relative value of trades on the charts, and back to you, kayla. kayla and carl. >> that's a nice synergy, rick. we'll go from european rates to european markets and bring in simon. >> the european markets lower than they were, and the same rate wall street has fallen back down, and the european markets have come up to the six-year highs but back down. a lot of

men of needed skill and talent were denied entrance because they came from southern or eastern europe or from one of the developing continents. this system violated the basic principle of american democracy. the principle that values and rewards each man on the basis of his merit as a man. it has been unamerican in the high sense. today, with my signature, this system is abolished. >> lyndon johnson in 1965 signing one of the hugely consequential pieces of legislation sent to him by that most productive congress in the history of congress. today 50 years later we currently have the least productive congress in the history of congress. no congress did more than congress in 1965. no congress has ever done less than the one we have right now. and yet when they return to washington in january, the leadership of this current congress, the house majority leader released his agenda for what they said they were going to do this year. according to eric cantor, majority leader, one of the things he said they planned to pass this year was legislation on the issue of immigration. and nobody thoug

if we go to the southern part of yoourm, when i -- europe, when i go for lunch, i start at 11 o'clock and finish at 3 o'clock. >> here there is a gap between houses. where the european union was born, it's down the road. many here would burn the european dream. venlo is the home down of the leader of a growing party, trying to bring down the e.u., which he insists led its people the wrong way, by opening up the borders. >> a lot of people don't like more controls at the boarder. if we explain to the people that the benefits economically, when it comes to sovereign city, immigration, if they are - if they are more stronger and bigger than the negative size of it, i can sell it to a lot of people. >> time has proven the establishment powerless to stop the rise of the parties. >> if we are unable to stop the danger, it could easily have the majority in the parliament in 2019. >> businesses here, relying on the border constant for the movement of goods it's pair at the lacklustre response to the anti-europeans. >> we do more business with italy than the bric countries together. it wouldn'

that trade is what the ecb and mario draghi have tried to accomplish with rate in the southern part of europe, but yet their economy isn't better. we have dislocations in currency. the euro at the highest level since october 11 against the dollar, dollar index at the lowest levels since october of 2012 so you can say the dollar is lower because rates are lower, that makes sense, but, hey, the economies in the u.s. are better than the economies in europe. >> rick, did you ever think you'd be standing other in 2014, not in 2025, talking about the italian ten-year below 3% in the spread between that and the u.s. ten-year at this point, do you think those two could invert? >> wow. >> i'll tell you what, if i was an investor i would look up at the yields in the u.s. and buy the long dated treasuries and would sell the yields in europe that didn't make sense because in the end the central bankers of the world aren't going to have enough fingers to plug all the holes in the dikes. >> heather huse with this topsy turvy market we're describing here, just bears in mind there is risk involved in investi

support the sovereignty and independence of the state on russia's borders from east central europe to the southern caucasus. central asia -- i just came from central asia, spent a couple weeks there, and for example, some very thoughtful kazakh analysts, maybe another 9/11 and how they think about their security and their position. that whole area -- we need a new eurasia policy, not just a russia policy, and the core weakness was ukraine's own sovereignty itself. >> let me turn it over to audience questions. please identify yourself and if you could keep it to a question so we can hear more from these gentlemen. somebody will come with a microphone, sir, in the back. >> thank you. retired diplomat. over the years, the u.s.-ukraine military to military relationship has and one of the best aspects of our bilateral relations. the police have performed pretty poorly out there, but now that the military are engaged, is it likely that the bilateral military to military relationship is going to bear some fruit in the quality of performance of the military? and there have been suggestions from some obser

support the sovereignty and independence of the state on russia's borders from east central europe to the southern caucasus. central asia -- i just came from central asia, spent a couple weeks there, and for example, some very thoughtful kazakh analysts, maybe another 9/11 and how they think about their security and their position. that whole area -- we need a new eurasia policy, not just a russia policy, and the core weakness was ukraine's own sovereignty itself. >> let me turn it over to audience questions. please identify yourself and if you could keep it to a question so we can hear more from these gentlemen. somebody will come with a microphone, sir, in the back. >> thank you. retired diplomat. over the years, the u.s.-ukraine military to military relationship has and one of the best aspects of our bilateral relations. the police have performed pretty poorly out there, but now that the military are engaged, is it likely that the bilateral military to military relationship is going to bear some fruit in the quality of performance of the military? and there have been suggestions from some obser