you are clearly a huge star in spain. you could have stayed there. you could move back to spain. and every artist, in a different country outside of the u.s., has to decide what is the journey that he or she will take. some decide to stay in their native country and do what they do in their native country. you made a decision to come here. why and what was it pulling you here, when you could be the star that you are when you walk down the streets of spain? >> it was kind of an accident, in reality. the first time i came to los angeles, it was because one of pedro almodovar's movies was nominated for an academy award. it was called "women on the verge of a nervous breakdown." that was in 1990. something happened that is funny. we went to visit some of the agencies here in town, and there was an agency called icm. i met these agents because we were doing a tour of the town and they received us kindly and put us in a room. all of these guys talked to me, and i did not understand anything they said. i was smiling a lot. when i came out, there was a kid taking coffees to the agents' o

is a model for president obama's plan to transform america's economy. >> spain. >> spain. >> what spaining -- >> it is true spain was the world's leader in the effort to build a green economy with the help of massive spublic sub citisid des. he sold it to the public saying it would create much needed jobs. then they claim it was working. but this man says it was nothing but lies. >> gabrielle cal zon is a spanish economic professor who offered a study on impact of spain's green energy policies on its economy. he found for every new green job created spain lost 2.2 nongreen jobs. and calzoda challenged president obama's belief that renew ability energy can create millions of additional jobs. calzada concluded spain's experience proved obama's theory was flat out wrong. >> i tried to warn the experience of spain is sort of caution mare -- cautionary tale. >> a tale obama dismissed. robert gibbs tells wendell goaler that spain's green technology needs to work otherwise the u.s. wouldn't be buying so much of it. >> he warned the president not to try to follow spain's example. >> seems weird

is a model for president obama's plan to transform america's economy. >> spain. >> spain. >> what spainhe world's leader in the effort to build a green economy with the help of massive spublic sub citisid des. he sold it to the public saying it would create much needed jobs. then they claim it was working. but this man says it was nothing but lies. >> gabrielle cal zon is a spanish economic professor who offered a study on impact of spain's green energy policies on its economy. he found for every new green job created spain lost 2.2 nongreen jobs. and calzoda challenged president obama's belief that renew ability energy can create millions of additional jobs. calzada concluded spain's experience proved obama's theory was flat out wrong. >> i tried to warn the experience of spain is sort of caution mare -- cautionary tale. >> a tale obama dismissed. robert gibbs tells wendell goaler that spain's green technology needs to work otherwise the u.s. wouldn't be buying so much of it. >> he warned the president not to try to follow spain's example. >> seems weird we are importing wind turbine p

in spain, half of young people are out of work. >> it is the young who could help lead spain out of its crisis, but this morning, they were in bed jobs sector. >> it is very worrying. >> this is europe's fifth largest economy and it is running on empty. spanish jobs centers have been bustling since the crisis began and it is a problem not just for individuals but for the state as a whole. spain is having to shell out large amounts of money in unemployment benefits and, then there are the increasing fears with youth unemployment so high, of a growing lost generation. you find it at the madrid's largest university. >> how many of you are confident that when you leave university will be able to get a job? how many of you? put up your hands if you are confident. any job. anything at all -- about four or five people in here of 28. how many of you think you will have to leave spain to get a job and live the lives you want to live. >> there go most of the hands. >> meet the latest recruit to the brain drain of spain. she's leaving for the netherlands. an economics graduate, she worries about h

nowhere is that more dramatically displayed than spain. >> it is the young who could lead spain out of the crisis. but they were in the jobs center this morning. >> it is very worrying. >> this is europe's fifth largest economy, and it is running on nt. spanish drug centers happen bustling since the crisis began, and -- job centers have been puzzling since the process began. spain has shelled out lots of money in unemployment benefits. then there are the increasing fears of a growing lost generation. and you find it that madrid's largest university -- and you find it at madrid's largest university. how many of you think you will get a job? how many are confident? any job. >> any job? >> anything at all. about four or five people in your out of 28. how many think you'll have to leave spain to get a job to live the lives you want to live? yes, there go most of the hands. meet the latest recruit to the brain drain of spain. he is leaving for the netherlands. an economics graduate, she worries about her country. >> i do not think the preparinges are people and students are taking all the o

it's nearly 40% in spain. what can authorities do to bring these people back in to work or even in to work for the first time? >> they're doing -- remember there's going to be national elections, early elections next month on november 20th. the two-term socialist prime minister is not running again. he's been too politically damaged by this economic crisis. his government has got some plans out there to have that internships count toward your end of life social security and plans like this. but basically leading economists this morning on the radio i've been listening to are saying these latest figures for the overall working population, for the jobless overall but especially for the youth there's no real movement in the economy. demand is down and demand from what would be the normal export partners, france and germany, are also down. there's no bright prospects even close. nina? >> is this a disillusionment from the protest movement? they seem to have given other people the idea of doing the same thing. what

these are some of spain's indignants, planning their biggest protests yet. many are young, unemployed, and fear for the future. they say politicians are removed from the people, the banks have too much power, and they want to change. >> we don't believe the words. >> we are all over the world, so we have to find the same things, and we are united. we are united together. >> it all began here in spain, when tens of thousands took to the streets. this outpouring of frustration has inspired similar scenes from brussels to wall street ever since. in madrid, the rallies became a huge protest camp. where i first met this man, full of enthusiasm, thought he could make a difference. five months on, he says the protest spirit lives on, but he tells me the politicians need another reminder of who they work for, and this time it's a global protest. >> we go to the streets where the people is, and they answer. >> here in spain, it hasn't changed. mass unemployment, recession, austerity. but this is today. the protest banners and tents have long gone, but this weekend th

than coming into spain. the construction boom here was a huge wave of immigration from latin america and also from europe. now they are leaving. people can go to the country's they originally came from -- they are doing so. others who cannot go home are now living in extremely difficult conditions. young people, extremely difficult. many left schools to join the wave of crazy house building that was going on, leaving without certification, taking those low qualified jobs at the time, now out of work with no qualifications and no prospects of finding a job any time soon on the horizon. >> samsung has overtaken apple to become the world's top smart phone maker, according to independent figures. sales jumped a mass of 40% on the previous quarter, meaning it sold more than 27 million of the galaxy phones in three months. apple sold 17 million iphones. the two companies are locked in a bitter battle that have seen samsung phones banned in some countries. saab owners have decided to sell two chinese partners that

al good man, cnn, spain. >>> well, there may be plenty of the empty property in spain, that doesn't meanhere's any shortage of people elsewhere. coming up on cnn, as the world's population crosses a big threshold, we take you to a company where the number of people is look to outstrip the people. that's just ahead on "world business today." >>> welcome back to "world business today." the united nations says the world's population has officially passed the 7 billion mark. that's a billion more people than there were only about a dozen years ago. the united nations says another billion are on their way by 2025. it's a number so large we might even have difficulty imagining it. one perspective, it's more than five times to population of china. china is, of course, the world's most populous country with more than 1.3 billion people. it may soon be eclipsed as the number of people in india surges. the government there says india's population will be bigger than china's within the next two decades. joining us now for more is our correspondent in delhi. >> india is the most likely place for tha

where it's happening and how it's different than the world famous spectacle in spain. me, bedtime was tough. the problem? right here. i couldn't breathe... i couldn't sleep and mornings? rough. i tried tissues and neti pot thingy and even more tissues then i said enough! and i found the solution. [ female announcer ] drug-free breathe right nasal strips. i put it on and...wow! instant relief. i breathed better...slept better felt better. [ female announcer ] take the breathe right challenge and breathe better or your money back. [ man ] come on! it's your right to breathe right! [ man♪ ♪ome on! introducing hershey's air delight. experience new light and airy, melty bubbles. made from pure, delicious hershey's milk chocolate. new hershey's air delight. if you sleep in your contact lenses. lucky for you, air optix brand has a lens approved for up to 30 days and nights of continuous wear. [ male announcer ] that's why they're recommended most for people who sleep in their lenses. visit airoptix.com for a free one-month trial offer. if you have painful, swollen joints, i'v

being able to buy some of spain's debt and so provides extra help for the e.u.'s debt crisis he also said that of the brics countries brazil russia india china and south africa could try and help economically with the use economic woes but there is a plot it relies on the e.u. coming up with a clear plan to try and contain the debt crisis that is currently sweeping across the eurozone we all know about the problems in greece italy and spain credit ratings have recently been downgraded again raising fears of major debt problems there so russia says it's too it's too early at the moment to talk about any concrete plans to stop buying up spanish debt we want to see a unanimous plan first. artie's tom barton reporting live thanks for that. europe's social welfare programs that have been the e.u.'s pride and joy for decades face the axe as the economic crunch bites deeper among them poverty safety nets that provide food and care for those living on the streets or struggling to make ends meet as artie's daniel bushell reports from france there's always a catch to cutti

well, in spain they've got 12 bulls.re are fewer runners in pamplona. several thousand usually show up to run in arizona only about 400. and "the new york times" called it the stroll of the bulls. >> the stroll? >> putting a damper on the danger thing. >> i wonder if governor perry will make a visit once he's in arizona? >> you think? >> all right, andrea, thank you. >>> coming up next on "good morning america," tech generation and why they may never be able to operate a magazine. "fixation" is coming up. ♪ you're an obsession you're my obsession ♪ so i took my heartburn pill and some antacids. unless we eat later, then pill later? if i get a snack now, pill now? skip the snack, pill later... late dinner, pill now? aghh i've got heartburn in my head. it's simple with prilosec otc. one pill a day. twenty-four hours. zero heartburn. no heartburn in the first place. great. dr. scholl's custom fit orthotic center recommends the custom-fit orthotic that's best for your tired feet. foot-care scientists are behind it. you'll ge

and credit crisis europe spain has become the latest victim of a credit downgrade standard and poor's agency ascot madrid's double rating a rating i should say by one notch due to we growth high unemployment and massive private sector debt the fitch agency has also downgraded spain's rating as well as the credit worthiness of several u.k. and spain and portugal is warning its deficit cutting efforts are well off trap the country's prime minister warns of deepening hardship next year with more pay cuts and tax increases at parties or has been asking people in portugal how they are dealing with what's being called a national emergency. i'm afraid i'm afraid of the future i'm afraid that. things are going to be like they are in greece right now people and. they are not going to be able to to have a good life to have a piece of the simpler solution is an active member of the portuguese indignados delish movement its participants believe the government is hell bent on pleasing the rich and powerful and ignores the needs of the people they have to truly have to realise that we are. we're no

these are some of spain's indignant, planning their biggest protests yet. many are young, unemployed, and fear for the future. they say politicians are removed from the people and the banks have too much power and they want change. believe the world should be this way. >> we are supporting the same things and we are united together. >> it all began here in spain when tens of thousands took to the streets. this outpouring of frustration has inspired similar scenes from brussels to wall street ever since. in madrid, the rallies became a huge protest camp. it is where i first met one, full of enthusiasm that all of this could make a difference. five months on, he thinks the protests. lives on but he tells me the politicians need another reminder of who they work for, and this is a global protest this time. >> and his beloved -- big political and economic harm in it, and they should go to the street where the people are and should answer the problems the people are having. >> here in spain, the problems that are all of this have not changed. massive unemploymen

color again kind of welcome to sparta like the interview show on polish state going on in spain my guest is soon to be. the european economic turmoil has sent the global markets spiraling downwards and heads would say another recession may be just about to start precious face to financial curveballs food will start sliding in the ruble losing ground and yes the dollar and you get the first those insist it's all natural and there's no need to. sell is the second recession jeff a scary story or should we really worry about i'll say you're asking one of the most prominent brushwood columnist directors of the new comic school somebody who the. russian official say the national economy has almost recovered after the recent recession world prices are bouncing around a relatively high price on the g.d.p. is growing again but the global markets are unstable and the fluctuations in the oil price a having enough match on the russian indices yet another challenge is the resignation of the highly respected finance minister aleksey kudrin he has been in charge of the country's fiscal policy for more

and scotland as well the european champions spain better the czechs result a second place in. well meanwhile fever general secretary jerome valcke has been on a visit to russia to check on the host nation's progress for the twenty eighteen world cup well it might be just under seventy years until the competition kicks off but there is just one year to go until russia must name the eleven cities and twelve stadiums which will host all the biggest tournament grounds the country sports minister is confident about russia's preparations so far. russia was given the radio host the world cup we've had a little millings and consultations with. issues concerning the world cup it's quite basic a world cup you need the cities we stadiums. transport a. local transport there was a national domestic transport between the cities and. you have to ensure that all these different groups of the media the officials the players and difference they can enjoy the country during the period of the world government. over in england the future of london's olympic stadium is once again in the balance wes

qualified to get the funding from the european union and i was responsible for the signature of the spain so i had the highest responsibility and i thought i needed to know if i was talking to the right person and for the right purpose and they just didn't care and they didn't allow me to make changes to be able to determine if we were making the right pane so what does what does that all mean well this means that e.u. funding is going to people who do not qualify for these who do not need the funding and who use it for other purposes and this is very dangerous because you know there are many other purposes for which the money can be used. when they raised the money from the peon taxpayers they are short of saying this is going to be used for certain. purposes. certain extent they are lying to the you know people actually i thought i was working on behalf of the european taxpayer and my obligation was to make sure the payments were correct others didn't see it like that they did that in fact you were fired for blowing the whistle do you think anything's changed since i don't think anythin

they can tag and from greece is not is not is not prevent him from spirit in for spain and italy and then i think we'll will be facing a real problem i don't think it's to leave now i think there are still a number of things that can be done in europe but i think judging by previous acts of politicians we should be working you mentioned new economic policy that we may expect from the new government in russia. putin i have a quote here also mentioned that the new government a quote will have to take unpopular steps to deal with the global financial tormato . so poisonous what is i what i will not all no longer be proud living with you think you are going to take part in the stands what does he mean by this and i think i think he means something that means the cauldron has mentioned many times. you just called it americans living beyond our means russians on paper live within their means we do have a budget deficit but it's limited also have very little that we have an easy or fun but this is only because oil prices high and low price comes down russia suddenly will face video russia h

credit rating cuts hit europe as spain italy and british banks take a huge hit from investors they're increasingly worried that greece's debt contagion may have spread to why the for bailouts to be effective. up next singing satirist robert foster literally raps about the world's money malays. i found a flaw in the model god perceived is the critical function for approve of farms other world. leaders intensively shoot into the juice use it to get with or examine the status of the human experiment is it succeeding or will it have to be aborted we pursue a prognosis in this rap news or would it just knows the globe is allegedly trying to make sense of a global economy and it's on changelings us financial temple the seeds of the research is scrambling to maintain our confidence in hmong kids and banking off to derivatives wants to be easing trade imbalances recession look to be the nations close to collapsing in some prime loan foreclosed homes and people's taxes spent to bailout to fail aaa banks again feel level slicing is the us crashing is imminent coming smashed the debt ceiling of

and the problem here thanks indeed daniel bushell in brussels and talking of spain we now go to any now going to go in madrid the capital of a country which has europe's worst unemployment rate when something like a forty percent of young people out of work at the moment you know it looks like a sour the size of the crowd is really building there certainly building up from where we saw you last time. definitely that is that's right i think here it is if people are really i think they are making their voices heard. you have to think about the fact that the occupy wall street was it may have spurred protests over the last several weeks but there are some who believe that those people in new york were actually inspired by the protests which began here in spain in the middle of may of this year. thousands hundreds of thousands of young people not just in madrid but in cities in towns all across the country were protesting the austerity music measures taken by their governments odd they were protesting against the fact that a lot of people have been left without jobs that a lot of people are

the european union people have been mourning here from very many countries in fact from as far as spain. and we can now cross from brussels to madrid no two going to go with protests protesters in spain campaigning since may. people there really believe that voices will finally be. well out as a matter of fact it looks like they actually do believe that like you said people out here have been have been camping out on the streets of various cities not just in the capital madrid for months in fact when the movement's first began the it's dean m. movement which took its name from the fifteenth of may when the protests began in spain after their sturdy measures have been implemented people after that have been camping out here for several months i am until after the assault which is essentially the heart of the stylish capital and people the protesters have actually set up camp here and they were here for months trying to make their voices heard and those voices have been heard by some of the political parties in spain a some of the politicians have been. have been talking about the issues

most of those exports go to countries like italy, greece, and spain. so greece, which is in a terrible situation, even today, for them to suddenly i think there are -- i think there are directly related. i was intrigued. the first oil deals have been struck between british companies that are associated with bridge from ministers. the libyan rebels. they need money pretty quickly. they have to build a country of. but you see this interesting dynamic play. at least for me, very few things happen in total isolation. >> thank you very much. i enjoyed your talk on martin cole. a blurb for your book promises us some insight with regard to the effect of the saudi flooding and the islamic revolution, and you did not quite get around to say much about this evening. i want to hear the story. >> yes. this is a major part of the final part of the book. when the saudis agreed to flood the market in 1977 the cut a deal with the ford administration to essentially break opec from the inside. there were very concerned. the power player broker. although he was a u.s. al

expecting protests tomorrow perhaps the biggest protests so far over you will start to measure in spain now russia's prime minister has come out and said that your government could solve this problem if they wanted to when you might. crises more political than a financial issue according to different estimates between one and one and a half trillion dollars is needed the number is big but the user you can handle it it's a political issue because in order to get out of these resources the leading european countries must offer a shoulder to those in trouble take political courage so governments in europe are accused of passing the blame no one wants to take responsibility but russia is one of many countries which is concerned by this because of course when the european economies are suffering the rest of the world has a knock on effect will trickle is the latest country which is new also there are two measures that means more taxes potentially education health costing more and we are expecting coordinated action coordinated protests across europe including in lisbon over those austerity m

now the asian markets were lower on friday after a credit rating downgrades of spain and european banks fueled concern the region's debt crisis will slow global growth. in europe stocks are climbing the full sea is rising about point three percent and the dax is gaining point seven percent. b.p. and routine to all leave the gains in the index technologist stocks are also offering some support after google's results more than exceeded its potations. and finally here in russia the markets are seeing strong gains investors seem to be looking up the task prospects improved for containing europe's debt crisis. in the my six and now edging more than one percent less now have a look at some of the individual share moves on them i said most of the blue chips are trading in the black this hour with spare bank up more than one percent has jumped more than forty percent on a deal with. the details in just a moment ross telecom is also edging higher the company may start a buyback of the chazz holding a thirty percent decline in value in the last three months it's also reportedly. interested in buy

spain is exposed externally. we have seen strengthen the european banking system of concern if they get a big hit which will cause a real credit crunch and the imf is estimating the shortage of capital at european banks has wrapped up two hundred billion euros were market instruments run about three hundred billion euros. in terms of intensification we're seeing france and germany moving into a downturn. if we get intensification of the crisis that will cause germany and france to moving to meaningful recession which will complicate the issues. for the euro zone. being briefed on the implications for the united states might two panelists have touched well on the trade channels and investment channels. i would emphasize the exposure we have got to the banking side through our banks. while the administration is indicating we don't have much in the way of direct exposure to the periphery the exposure of the financial system to the european banking system which does have enormous exposure to the periphery is huge and

it's happening and it's happening everywhere in spain here in greece. the worst three different employments in thirty years and over twelve percent rise in taxes and fall in wages are the reality of portugal's a bleak present situation things are so bad people are no making comparisons with cataclysmic periods in their history and looking to them for inspiration lead to century portugal was in a situation similar to its present state because it was lagging the capital was all but destroyed by earthquakes but one market of all the mystical kingdom that's his stature right there managed to pull the country out of the crisis three hundred years on however if you believe everybody will be able to perform a similar monumental task the portuguese indignados say the solution is to create more jobs and cuts are necessary expenditure but the government was forced into seventy eight billion euro i.m.f. bailout earlier this year following in the footsteps of greece and ireland to paid back to the stairs because had been introduced which will see longer working hou

this is portugal, spain increase. while burdened with underperforming economies soaring levels of inflation and unemployment and political unrest from white ring and left wing extremist. the ford administration was particularly worked out for nato allies, italy, spain, portugal and great britain. italy's communist party was exploiting economic discontent to try and maneuver its way into a coalition government. britain's government meanwhile, had warned washington that it was on the verge of running out of cash. if the imf turned down its appeal for another loan, said the prime minister, he would have to implement an austerity program so harsh there would be riots in the streets of london. the governments of spain and portugal were effectively broke, and in danger of being ousted by extremists. said president ford to the ambassador, the situation is very serious. in increase in oil price adds to the danger of a financial crisis. failure in government, even to endanger and military crisis. this is in the context of the

in fact, tobacco and chocolate in theory but not in practice becomes state monopolies in spain in the 1630s. and chocolate -- it doesn't go really anywhere but with tobacco, the state becomes the exclusive purveyor of tobacco starting in 1632. the state officials themselves don't handle it. in modern language they outsource it. they basically have contracts for the tobacco moloply that gets leased out and, in fact, the people who have this tobacco monopoly have run-ins with the inquisition the whole time. most of them end up being incarcerated because they're seen as secret jews which becomes a sort of subplot in this story so inquisition stories was a rich pictures when inquisitors start asking them about the tobacco trade. >> what was the cost of both tobacco and chocolate as the decades went on? >> so one of the things that happens with tobacco is that it becomes a segmented market so you can buy really expensive tobacco. by the mid late 17th century, the most desirable way for elites to consume tobacco was as snuff. because it's a monopoly, as you might predict, it's quite above t

they cut spain's rating from aa plus to aa minus, the lowest rating for spain among the three big rating agencies. they cut italy's rating one notch to a plus. it cited the worsening crisis in the euro zone. they say cuts by rating agencies don't reflect the economic and fiscal situations. >>> the head of japan's central bank says there are threats to the japanese economy. bank of japan governor spoke after a monetary policy meeting friday. >> translator: until recently, we had to focus on restoring the parts supply network that was hit hard by the march 11th earthquake and tsunami. now, we need to weigh downside risks, like falling share prices and the yen's appreciation to the japanese economy. >> shirakawa said the bank of japan will watch movements in the yen very closely. he said if japanese companies move production overseas because the yen is so strong, they will find it very difficult to bring it back to japan. >>> the u.s. job market grew more than expected in september, but unemployment is still over 9%. the u.s. labor department says there were 103,000 new nonfarm jobs. the ma

the winning city represents spain. >> but the new administration in city hall takes a different view. >> if we are to represent our culture in europe, we have no other option than to defend it in madrid, in the spanish state. the basque country remains the basque country. it is absolutely clear to us that we have our own culture within europe. >> politics is off limits for the hobby cooks here. so is the debate over san sebastian's role as european cultural capital in 2016. some even view the kitchen as a model for peaceful coexistence. >> the gastronomic societies work because there are people of all political persuasions here, and we all respect each other. >> that is a message many hope will resonate in five years' time, when all eyes in europe are on the cultural capital, san sebastian. >> we're off to russia now to meet a lawyer and blocker who is not afraid to speak out against russia's corruption. his supporters would like to see him become president. he is challenging putin's russia by exposing the dubious workings of state-run companies and the murky world of government tende

a slew of pressure credit rating cuts in europe as spain italy and british banks take huge hits from increasingly nervous investors. eleven am in moscow i met treasure bring you today's top stories and a look back at the week's news here on r t what started as a citizen standoff against the big banks on wall street has grown into a nationwide rally in just a few weeks heavy handed police tactics against protesters in manhattan catapulted into the headlines and inspired more people in other cities to join marina portnoy reports campaigners are convinced this is just the start. of the collective voices of american dissent has manifested into a movement impossible to ignore occupy wall street began in the world's financial capital but this week protests have blazed through dozens of cities nation. why. in the big apple up to fifteen thousand americans flooded lower manhattan labor unions transport workers teachers nurses and u.s. veterans standing shoulder to shoulder with young activists spearheading a fight against us wealth inequality and corporate greed young people right now have n

a slew of fresh credit rating in europe as spain italy and.

being able to buy some of spain's debt and so provide extra help for the debt crisis he also said that of the brics countries brazil russia india china and south africa could try and help economically with the use economic woes but there is a big but it relies on the e.u. coming up with a clear plan to try and contain the debt crisis that is currently sweeping across the eurozone we all know about the problems in greece italy and spain as credit ratings have recently been downgraded again raising fears of major debt problems there so russia says it's true it's too early at the moment to talk about any concrete plans to start buying up spanish debt we want to see a unanimous first we'll report from siberia in a few minutes and join a group that's trying to bag the beast. this story saying cannes is a very high to me to get it over there in the cave unless you're a shelter or at least discover some traces of this creature so let's go there are to follow the hunt for the world's most elusive creature with specialists who say they're closer than ever. in pakistan a dozen al qaeda linked su

spain looks a lot more solvent than italy. unemployment is over 20 percent in spain, the highest in the eu. >> the european banking shares came under further pressure after moody's downgraded nine banks in portugal and 12 banks in the u.k. >> the royal bank of scotland is among the banks that have been downgraded. concern is growing that it may need another capital injection to stay afloat. the british government ended up with and 83% stake in rbs after rescuing it with the largest bailout during the financial crisis. rbs was not be on the british bank bailed out. the cost reached 980 billion heroes by 2009. the bridges government would offer less states support in a future crisis. the downgrades are a further sign that the country's economy could be faltering. the country is facing the most serious financial crisis since the 1930's and possibly the worst ever. >> despite the fresh negative ratings, the banks posted gains after better than expected employment data out of the united states. >> the positive ending up a turbulent