>> with spain, you've got to look at the roots of the current economic crisis and spain became a fakenomy based on subsidies, in particular the enormous credit movement in the housing and construction. the housing as democrats and there are problems to do with labor market regulation that is tight in spain. about the private sector? does that have a role to play? to generate growth? recovery can only be generated by the private sector. public spending restraints are important because if it is said to high, the public sector sees higher taxes in the future and potential debt crisis and that undermines confidence of it is important now of public spending restraint in spain and other european countries and the private sector must flourish. >> is in that the government's job to generate growth as well? year, problem is, every the government spending is taken from the private sector. --y bar through taxation they borrow through taxation. important the government cut spending in this context. how excited is the private sector to generate growth and will they do so before the bureau's own cr

france and spain slovenia were the two countries in the e.u.in the euro area that actually had the house prices were falling the most in two thousand and twelve so you know that household wealth is going down in spain all right let me let me cut in here for a second because if you know the what we're talking about i think is very important and you can apply it over a couple of different situations and it's really also a question of what policies do you want going forward do you want austerity policies or do you want keynesian kind of money printing policies now the people down in the south with high wealth for household they are the beneficiaries of speculation in the house printing house business that that comes from all this money that's floating around in the system where isn't germany it's already practicing what you could call austerity and a trade off is between jobs versus speculation now here we are in britain and the question is with the new central bank coming in the new head governor mark carney should they go down the austerity rout

there are also protests slated for spain as well. well that's right the demonstrations in spain certain to be for said to be far larger than we're seeing here in lisbon but they going to be fueled by those statistics that have come out today shocking statistics really that say that six million spanish currently without a job that's twenty seven point two percent of the population put that in a little perspective that's the highest level of unemployment that they've seen since the death of francisco franco in the end of the dictatorship there so of course that was a time of huge are people in spain and they seeing a similar type of future people but i find of a financial kind this time out over the last five years the unemployment levels in spain of risen by twenty percent and that's has caused extreme amounts of anger among the people of spain and they're going to be out in the streets of madrid to vent the spanish police are prepared for any kind of unrest there one thousand four hundred right place of being deployed to try and keep

people have been talking about that necessarily because there is a lot of wealth to be out in spain anditaly you know if you're talking about austerity obviously at some point in time the government's going to think to themselves really we want to get at that well that's money that we're not we're not having access to there's no reason for still bankrupt when that was sitting there i think cyprus when you saw the complication of the attempted confiscation of insured deposits that's telling you where things are headed in the european union now with regard to the paradigm of money printing or austerity really it's i think that related still it's not just about the money it's about the central bank monetary policy it's also about fiscal policy and it's also about you know structural reform so you don't necessarily have to have all three you can mix and match however you want to be it doesn't have to be that you print money if you if you have some sort of fiscal program and you're making structural reform and the same goes in the reverse but i think that the paradigm now is that we need to

unemployment in spain are rockets to more than twenty seven per cent with protesters who are suffering at the hands of austerity taking to the streets of lisbon and madrid venting anger at the trio of international lenders. under a strike at the guantanamo bay detention center dragging on u.s. officials admitting the scale of the protest is rising ninety four detainees now said to be involved. eight pm in moscow i met très a good to have you with us here on r t we begin with some breaking news this hour u.s. defense secretary chuck hagel has said his intelligence services have quote some confidence that the syrian government used chemical weapons on a small scale he said it's thought that the nerve agent sarin was used against civilians and rebel fighters these comments the first confirmation by the u.s. of alleged use of such weapons but only on tuesday hagel had said that he doubted similar concerns that were raised by israel president obama has long said that the use of chemical weapons would be quote a red line we'll bring you more details on this as they come in. russian president

from further bad news in spain to better news in japan.onfidence appears to be returning in that country. household spending is very important, jumping in march to its fastest point in nine years with another report showing the jobless rate in japan falling to its lowest level in four years, but some are crediting the government's aggressive plan to boost the economy. spain has already lifted confidence, japanese people spending their money in japan, which is important, getting the world's third largest economy back on its feet. listen to this. >> like any other economy, private consumption holds the largest portion of the gdp. the problem with japan is that we were hit with under-inflation for 15 years. the government did everything. they threw cash, through the incentives, none of it worked. but what is most important for the japanese now is job security. suiting feelings for the future and employment. the fact of the matter is that the most difficult thing to have the security, which is one of the reasons why this factor is kicking in.

three point two million in france and soaring above twenty percent in the twenty seven percent in spain this is live video from madrid we're looking at right now protesters saying they're suffering at the hands of austerity taking to the streets also of lisbon venting their anger at the troika of international lenders. are striking at one time in the bay detention center moves on with u.s. officials forced to admit the scale of the protest rising to ninety four detainees now said to be involved. in moscow by matter as a good to have you with us here on r t a top story during a nationwide question and answer session russian president vladimir putin called for greater cooperation between russia and the u.s. on fighting terrorism he also said he was disturbed when western nations labeled terrorists in russia as quote freedom fighters event q. and a went on for a record four hours and forty seven minutes being the previous longest by a quarter of an hour or he has more. the recent tragedy in boston and the events which did right after that were watched by the whole world and russia is no ex

four hundred thousand brits for example own homes in spades and they're targeting they think that spainremember they took a huge bailout to rescue the banks now they think they're going to need another bailout to rescue the government so in order to pay these bailout debts they're saying they're going have to tax all those properties. we don't know how much yet what all of the major institutions at the i.m.f. and the world bank that are orchestrating the bailouts of these individual countries let's keep in mind they themselves are bankrupt they themselves have to go borrow money from themselves essentially in accounting fraud to make it look as though they're solvent but in fact they are bankrupt and so you do have this massive implosion happening across the world in all markets and meanwhile the global g.d.p. has been revised downwards again and again and again there is no growth you know the other thing that one has to look at when you see the sell off in gold you have to wonder ok. is it all really getting better is a do we not need gold is ben bernanke he our is the bank of japan ar

polarization euro barometer and debt stricken spain the number of nationals who say they don't trust the european union it's risen from twenty three percent back in two thousand and seven to seventy two percent last year in the u.k. previously half the populace had no confidence in the e.u. well it's almost seventy percent now in germany europe's powerhouses biggest economy thirty six percent so they lost their trust in europe back in zero seven in two thousand and twelve almost sixty percent and in italy it was twenty seven percent euro skeptic five years later it's more than half for more on the financial troubles and growing distrust in the e.u. let's talk with carlos del close to a sociologist from pompei fabric university in barcelona thank you for joining us now so what do you think is fueling all of this discontent with the e.u. right now. sterritt i think i think austerity is is the main cause of euro skepticism and basically all of the sort of problems with the political construction of the european union as we know it what austerity reveals i mean earlier in one of the repo

. >> the queues outside spain's unemployment centers are getting longer. although people scour the newspapers for work, there simply is not enough. some refuse to to allow the bleak prospects to get them down. >> the situation in this country is very bad. i am better off because i took early retirement, but things are not good. >> there is still hope. we cannot lose hope. as the pope said, "do not take hope away from us." >> however, the latest figures do not offer much cause for hope. the rate of unemployment reached a record high of 12% across the eurozone in february. austria, germany, and luxembourg still had levels of around 5% on average, but the situation was very different in the crisis-hit states. for to go had a rate of 17.5%. you're a presence of the suffering the most. the hardest hit our young people, especially those under 25. for them, the unemployment rate is well over 50% in both spain and greece. >> we are going to a short break. stay with us. we will be right back. >> welcome back. the european union has kicked off a training mission in

spain will remain in deep recession for all of this year. in this region, more than 13,000 people have turned to charities for help. each day, volunteers go to a food bank and pick up emergency supplies to be handed out in the community. >> in the past year, the number of people asking for help has almost doubled. we are expecting those figures to increase because the situation has become far worse. the language schools across spain, there's a huge increase in those learning german, widely seen as the worst -- as the best hope of finding work. public debt of nearly 100 billion euros. across europe, the policy of cutting may be changing. many say that putting austerity first has reached its limits. this is the big change. europe fears unemployment and recession more than debt and is easing off on targets for cutting deficits, which country like -- countries like spain could no longer meet. gavin hewitt, bbc news. >> if you thought the euro crisis was easing, think again. the parents of the two men convinced of planting the boston theirre conv

four hundred thousand brits for example own homes in spades and they're targeting they think that spainremember they took a huge bailout to rescue the banks now they think they're going to need another bailout to rescue the government so in order to pay these bailout debts they're saying they're going have to tax all those properties we don't know how much all of the major institutions of the i.m.f. and the world bank that are orchestrating the bailouts of these individual countries let's keep in mind they themselves are bankrupt. they themselves have to go borrow money from themselves essentially in accounting fraud to make it look as though they're solvent but in fact they are bankrupt and so you do have this massive implosion happening across the world in all markets and meanwhile the global g.d.p. has been revised downwards again and again and again there is no growth you know the other thing that one has to look at when you see the sell off in gold you have to wonder ok. is it all really getting better is they do not need gold is ben bernanke e.r. is the bank of japan are all these

a market to provide san francisco with foods and we hope wine from spain. so we have a very unique selection of cured meats and cheeses and oils, vinegars, spices, sweets, et cetera. we would very much like to complement this selection with very well curated small selection of wines, sherries, andicidears all from spain, so our customers have expressed very enthusiastic demand for some of the wines and sherries andicidears. they're difficult to find in san francisco and we very much believe it will bring people to san francisco and hayes valley. i will stop this for a second, so we see that it's going to be a factor that will draw people as i said to the community. we did quite a bit of community out reach. in the file hopefully you have been able to see we have letters of support from richard pressel who is the president of the merchant's association and a long time resident of hayes valley. we have a letter of support from larry kronehander who is a board member of the negotiation association. we have a letter of support from dr. steven hurtman who is a l

in spain around one thousand four hundred riot police. to try and make sure. as we have seen in the past now it's not just people. here in europe with senior members of the european parliament. against the way. the seemingly. very. way that the situation. as neo colonialism. must be an inquiry into just. about so much tension and lost respect for the e.u. markets the politicians say. again and they want to make sure that it. was a good idea. another day another round of demonstrations in europe people. with the way things are going that they want change and they won't change to come quickly. another trio of interviews the i.m.f. european central bank and european commission well they've been stirring criticism in brussels as well as some of the european parliament believe it's time to find a new model for handling the crisis that's especially so after the recent cyprus to bail out deal imposing a levy on depositors certainly shook up trust in the eurozone t's alexia chefs he has spoken to a well known euro skeptic and nigel farage m.e.p. and head of the u.k. i

and that includes spain as well. but the high waves are going to be climbing the northwestern coast. so do watch out for that. and towards the north it's still very wet and windy. same picture from yesterday, with a couple of systems impacting the north. the british isles will be seeing some wet and windy conditions. the heaviest rain zone will be found in the northeastern areas of the u.k. but the southeastern areas remaining devoid of precipitation. you're going to be wet and windy across the scandinavian peninsula. some thunderstorms popping up. but mainly fine, generally speaking and unstable weather will be continuing across turkey. looking at 13 degrees. berlin, hanging on to the 20s. on the chillier side. now moving over to asia. here across japan we're seeing really sunny skies yet again across tokyo metropolitan region and that's due to the high pressure system making things calm and warm. north korea will be seeing mixed precipitation, snow in the higher elevations. maybe rain in south korea for your tuesda

attack on in spain that has become a symbol of the unemployment crisis. -- a town in spain that has become a symbol of the unemployment crisis. and international donors conference is taking place in darfuro help build the region. the united states is delaying the intercontinental ballistic missile test that was scheduled for next week to ease tension with north korea. the u.s. secretary of state says it is crucial for turkey and israel to fully restore ties. john kerry has been meeting members of the turkish government. he also discussed the civil war in syria and restarting peace talks between israel and the palestinians. the rebel group in control of the central african republic has told al jazeera there must be security before it can hold democratic elections. the united nations says a humanitarian crisis has developed in most of the country. we have this report from the capital. >> these new army recruits sing a famous local war song. most of them follow the rebel group. they will be the foot soldiers of the new national army. in one of the poorest countries in the world, some say they

and that is dragging spain down, as well.ns about easing off on austerity policies, it will benefit spain to a large degree, too. now, european markets have turned a little bit more negative. it is worth putting out this morning that spanish gdp was up 0.5% -- i'm sorry, contracted a expected. the seventh straight consecutive quarters of decline. spanish economy now 7% smaller than it was. at the same time, we saw eurozone unemployment the pick up to record high 12.1% since records began in 1995 and we saw april inflation for the euro zone down to 1.2%. it was 1 is.7% in march with expectations of 1.6%. so now there's a real expectation perhaps the ecb -- certainly the ecb has more than enough cover to cut rates if it wants on thursday or perhaps to launch something for small businesses, something an ecb version of what we've got in the uk, funding for lenning schemes. so our expectations are that we will get one or the other. not many people think we will get both. but they're covered for the ecb to take some kind of action

>> in spain, yes. you know there's a negotiation going on right now between spain and the european commission. and the commission wants the 5.5%. the point is simply when you do a fiscal tightening, which is being done in spain which is very risky, and you have a credit crunch at the same time, your economy is affected very badly and then the impact of your fiscal tightening is not that big. >> everybody has come out and acknowledged that the supply is wrong and we have no way of adjusting it. they come out and acknowledge this and can then keep piling on the same medicine. i don't understand. >> no, i agree with that. and i think what you would like to do is extend it at the end of the day so that the gpd doesn't collapse. if you have at the same time the fiscal tightening -- >> banking group. >> or growth. growth would be great right now. >> not just the ecb, the bank of england is expected to hold back today when it holds its meeting on expanding qe. despite the fears britain may be headed for doubl

and they're all these four hundred thousand brits for example own homes in spain and they're targetingthey think that spain remember they took a huge bailout to rescue the banks now they think they're going to need another bailout to rescue the government so in order to pay these bailout debts they're saying they're going to tax all those properties we don't know how much all of the major institutions at the i.m.f. and the world bank that are orchestrating the bailouts of these individual countries let's keep in mind they themselves are bankrupt they themselves have to go borrow money from themselves essentially in accounting fraud to make it look as though they're solvent but in fact they are bankrupt and so you do have this massive implosion happening across the world in all markets and meanwhile the global g.d.p. has been revised downwards again and again and again there is no growth you know the other thing that one has to look at when you see the sell off in gold you have to wonder ok. is it all really getting better is a do we not need gold is ben bernanke he our is the bank of j

frustration with austerity is deepening among europeans with spain's unemployment jumping to a record of twenty seven point two percent and in neighboring of portugal almost one in five of the workforce has no job and people in the two heavily indebted nations are launching fresh protests against their governments and international lenders and let's get the latest now from all of us standing by for us live in lisbon hello peter good to see you i understand it's probably very noisy where you are with people getting i set out for you and see you austerity measures protests but what's got them all riled up this time. well april twenty fifth this traditionally the day that they celebrate the start of the revolution in one nine hundred seventy four here in portugal but this year those celebrations are also containing demonstrations demonstrations against demonstrations by people who think that the way that portugal is being traced all mistretta by europe's financial institutions is too much and also longer. at their own government for allowing it to happen now to talk a little bit more abo

it's up better than 1 % even though spain came out and said spain's economy contracted 2% year on yearuarter on quarter and that the rest of the year looks to decline, 1%, 1.5%. we also know the growth across europe remains fleeting. i guess we should say isn't there at all if you believe what the pmis are telling us. the ftse mib adding about 0.6%. while italy and is spain debt is getting a bit and italy falling potentially below that 4% level, spain below 4.4, at the same time, we're seeing a rally in some of the safer havens, as well. yield falling to 1.65. over here, this is potentially the story of the day. the ten-year german bund touching, edging towards fresh historical lows. one had it below 1.20 earlier in the session, so we'll keep a very close eye on this one. a quick update on for ex, as well, the yen backing off that level today giving up about 0.5%. what does that mean for asian markets? let's get straight out to li sixuan who joins us from singapore on. >> thank you, kelly. the latest hsbc flash pmi data signaled that growth in china's manufacturing sector has slowed in

as the son of a wealthy family, was educated in spain? yes? >> it's a great story. >> i had to believe if he was educated abroad, he must've at some point learned something about history and similar to animals goaded over the alps to sack rome. thank you. >> thank you. the thing that's amazing about bolivar education if he was inordinately erudite man. he could speak, you know, language is the red cicero is not. he was educated because when he went to spain as a young man, he was sent over at the age of 16. why? because his mother's family -- he was a complete orphaned by this time. mother's day, father's day and he was sent over by his family to see if he could persuade spain to actually give him, you know, some noble position. he ended up under the tutelage of a wonderful venezuelans who lived in spain for a long time. who brought him in. it never had a son. bolivar disembark him. he taught in every income had tutors come in and ended up astonished by his own interest in history and literature and music and he was trained at everything from

in particular in italy as well as in spain.do believe, though, that the ecb will come in and be much more aggressive as the central banks r cross the globe become more aggressive. so, for example, you see what's going on with the bank of japan. they are very, very aggressive right now. we believe that the yen to the euro as well as the yen to dollar will continue to weaken opinion that will, in fact, bring in additional inflexz. >> how much is what we're seeing in markets globally yen story, a japan story in your point of view. >> right now, it's absolutely, you know, it's given a shot of caffeine to not only the credit markets and the sovereign markets, but also the equity markets. and we believe that is going to perhaps continue for a short period of time. let's not be delusional about it. what we need to see happen because we've had this credit-driven rally, you'll have to see the handoff to the baton pass to more of an economic and earnings driven outlook. i know we've had a strong q1 showing here in the united states, of p

are growing in madrid venting anger at the government and the troika of international lenders after spain's unemployment soars above twenty seven percent while in portugal thousands of demonstrated against austerity as well. as a good having you with us here on our t.v. our top story the u.s. defense secretary chuck hagel said his intelligence services have quote some confidence that syria's government used chemical weapons on a small scale he said it's believed the nerve agent sarin was deployed against civilians and rebel fighters are merino porton has more. the u.s. defense secretary chuck hagel said at the white house and has informed members of congress that intelligence officials believe with some degree of varying confidence that syrian president bashar al assad's government has used chemical weapons against members of the opposition specifically sarin gas didn't provide any specific facts on when or where the alleged weapons were used and it was not even clear what the freeze with some degree of varying confidence even means does that mean that one intelligence official is confident

the ibex 35 in spain up about 1.2%, even though spain just posted those large deficit figures. how do you make money in these markets? here is what some of our guests have been telling us all morning. >> i'm going to be bearish in these terms and i'm going to be bullish as bear. i'm concerned with this japanese deficit tier from a story of currency valuation in asia. >> we've seen these responses. so this is a latter trading signal as you know that they can't go up on good news, there's only one direction they can go. so we're probing lower. >> more supportive as you get towards the next months in the corporate sector. so to really sell equities at this point where valuations are modest and where relative valuations suggest that the only way is expertise for allocators, you have to be a big match, a big earnings bear and that's not abe's case. >> now a little news out of china this morning. vanke, the country's largest real estate developer says first quarter revenue rose 35% and its first quarter net profit was up just shy of 16%. so a decent set of figures, at least it would

al jazeera, spain.p annmar has set emergency committee to tackle sectarian violence in the central region. the president said the violence had tarnished the country's image. at least 43 people have died in riots between muslims and brutus -- buddhists. check out these before and after satellite images from human rights watch. they show the extent of the destruction. the unrest quickly spread to other areas, prompting curfews in 15 townships. live for us in bangkok. look at these pictures, it is extraordinary. you can see clearly the extent of the destruction. , ashose images coming from you mentioned, a town where we saw that violence break out between march 20 and march 22. a started really with seemingly harmless fight between a small group of muslims and a small group of buddhist and spread in the days after that to completely engulfed the town. those areas you can see on the satellite images released by human rights watch are according to them the muslim neighborhoods. those people have gone, forced

now frustration with austerity is deepening among europeans with people in portugal and spain preparing for fresh protests against their governments and international lenders the heavily indebted nations have been struggling to dig themselves out of recession under the strict terms of the e.u. and i.m.f. bailouts spain's unemployment has jumped to a record of twenty seven point two percent on imports almost one in five of the workforce have no job at all i'll tell you that peter all of our filed this report from lisbon. of a different kind. of. the current government in the country and. the three. given to the nation. the international. the european. their own politicians isn't the only nation demonstrations take place. around one thousand four hundred police. to try and make sure that demonstrations. in the past now it's not just the people of europe that have been. senior members of the european parliament. against the way. the seemingly. very. much respect for the e.u. . the politicians say. again and they want to make sure. that it was a good idea. so another day another round of de

the dismal job market in spain is looking worse than ever. unemployment reached a record 27%. >> this means for the first time in recent history, more than 6 million people are out of work in spain. the figures released thursday also show more spaniards are sinking into poverty. >> many of them are just running out of options when it comes to making ends meet. >> the students have gone back to school to learn english. this 30-hour all lost her job as a teacher last year and hopes english can help per start a new career. >> my unemployment benefits and in june. that is the problem. what will i do? go back home to my parents? that is what i'm afraid of. >> on thursday, protesters gathered in front of parliament for another round of demonstrations. they say the government's austerity programs are only making things worse and demanding a change in course. >> the reforms did not work. they cut too many jobs. 6 million people without work -- that is 6 million reasons for the government to change its policy. >> every day, more people line up outside

spain's factory activity suffers its steepest fall in five months. still, european markets inching into the green after the s&p 500 falls on the first day of the quarter as concerns about corporate earnings weigh. north korea about to restart its main nuclear conflict, a move that could give it more plutonium for weapons. >>> and all eyes on italy as the country's president try and meet the ten wise men amid post election dead lock today. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome back to the program. welcome back to a two-hour program and it's a good thing because there is so much to get through today including data that's breaking just at the top of the hour. shedding the final march pmi manufacturing for europe coming in at 46.8. as you can see, the euro is roughly unchanged. some economies, the biggest ones have seen while they're still in contraction some improvement from the flash numbers two weeks ago. the euro is up about 0.1%. 1.28 is the level. markets perhaps don't have

>> it is rich, but it's a relative gain against spain and spain has -- they they were they would have auction. it got postponed and there was a ramraid in the sense that a lot of the large insurance companies and long-term investors decided that they wanted to buy the 15 year. and that caused spain to heighten dramatically. now with the advent of new government, average age around 40, a technocrat for finance minister, the markets have no real reason to look at italy again. >> so does that mean italian yields go lower or spanish yields go higher? yes, okay. >> yes, i would imagine exactly that. >> it's a key relief here that we've got government and we haven't gone into another -- i suppose the consensus might have been taking more elections. >> indeed. and i think we probably still are in italy. this is the short-term government is to get through the electoral reform passage and we'll see how, really, the pdls be kept on side. we heard from the pdl that are expecting this new government to enact what those party campaign on which is a -- essentially a repeal of the tax levy. this wou

the arrest and imprisonment of ukraine's former prime minister yulia timoshenko spain ruled illegal by the european court of human rights but judges dismissed his complaint of physical mistreatment while in custody he seventy seven years for abuse in office so the gas deals with russia on his legs here as you have been following the case from the very beginning for this. defending lawyers of you to believe that this decision by the european court of human rights will see her walk free especially after her plea for parole last week was turned down there was a certain breath of hope when the one of the politicians or for either of the former interior minister you listened to was released on a presidential pardon several weeks ago but this is not the case of too much anger because on the one hand the current ruling establishment here if they want to be friends with the european union they are spying for european integration but on the other hand if we're see that too much ankle is the biggest political enemy and it's far more comfortable for them to see her remain behind bars and they als

spain saw a record number of evictions. up to 200 per day. at times of crisis, the state cannot help so many people, but gloria will. she is a courageous spanish woman who has turned her house into a shelter for homeless people. >> this upper-middle-class apartment in central madrid has an unusual set of residents -- 10 men and one woman. for 13 years, gloria iglesias has been taking in homeless people in her private home. these men at rock-bottom. each one of them has been hit hard by spain's financial crisis. now, they are eating lunch together and have a roof over their heads again. this is the story of an incredible private initiative. >> we have all overcome one crucial thing -- isolation. we are glad to be able to share, and i think gloria enjoys seeing that we are happy. >> gloria has invested all her money in the project. she shows us the apartment. the men sleep here. in one room, a dialysis patient receives treatment. she takes in everyone, including drug addicts and alcoholics. gloria is 61 and a former flight attendant. she had a

nearly fifty percent of young people are employed in greece and spain where these countries in europe heading well it's clear that programs for for for these countries are not exactly accessible unemployment is always increasing specially if you look at youth and employment we can see. that one to two entry for unemployed so i think it's very very concerning. and there's a human cost to this austerity isn't there as i mean households are really struggling with their income what do you think e.u. leaders should actually do to address this to fix it. well one of the interesting figures is that german unemployment is also going up so whereas the current plan is germany has to bail out the rest of the eurozone and the germans or selfish that's sort of the hidden message that you hear they're not willing to build them out although they are able that's what some people claim well this message is being debunked by the figures we see that germany. is suffering as well its economy is not doing great it's not good to have growth but unemployment this is this is slowly going up and this should b

i've been pondering for years what would happen when spain finally went back how would they possibly deal with the sheer scale of the bailout that would be needed which perhaps would be five or six hundred. how could this happen without huge american. help what cyprus has done is give us the template what they will do in future. i'll do it by stealing investors' money by taxing people on their properties and by forcing central banks into their holdings of gold i mean this is a truly. situation so my advice to people is if you. get your money out before they come to you because it's perfectly clear that is. quite extraordinary that. these countries that have been troubled. democracy and. very arrogant troika. is going to break up the economics that break it up it may be civil disobedience very large scale that eventually get some of those mediterranean countries out. the big question what is the. financial crisis still running hot. getting cold feet over joining. when we come back we report on the island nation. vote. to break the deadlock in this conflict comes to pass one of the pos

one carlows in spain. denmark, and norway's crown prince and princess. -- juan carlos in spain. >> the traditional form of government in europe is the monarchy. republics were the chancellor exception for long time. italy and switzerland, for example. if you look back to the 19th century, it was almost exclusively monarchies. >> of denmark has the oldest continuous market with more than 1000 years of history related to almost all other european royal families. he is known as the father-in-law of europe marion office children across the continent. starting a constitutional crisis in 1920 almost leading to the overthrow, surviving as they moved it to democracy, but with its role little more than symbolic. >> monarchies embody continuity and the identity of a people. knowing a long time in advance to the next monarchs will be, as is the case in most places today, i believe it's an advantage. >> monarchs have taken on a representative role. few elected ceremonial heads of state and enjoy the same hope crile --

no home no jobs new green figures from violence in spain while the the white despair leave islip cool on joining the struggling union. and one hundred one tyler mo prisoners are now on hunger strike that's the official number more than doubling since the military strike to break the months long protest by force. we're getting from moscow you're watching the weekly from r t a roundup of the big stories of the last seven days with me kevin no internet and first russia has reportedly given the f.b.i. the tape of a phone call between one of the boston bombing suspects and his mother where they discussed jihad it's thought to been secretly recorded in twenty eleven the year russia warned the u.s. about one of the signal brothers radical religious views the u.s. though found nothing suspicious after making checks his art he's going to chicana why the f.b.i. might have failed to take the proper action. in the wake of the boston bombings it's the f.b.i. now bombarded with questions how could they let the alleged boston bomber tamerlan i have go off the radar after they've been warned about hi

yields have been lower in spain, as well.is that going to help out the view of the bank, bearing in mind they've loaded up on so much spanish and italian debt. >> well, it's important that the levels don't have a lot of breaks. and the yields for getting off this bond portfolio will fall as their portfolio lowers into yields and bonds. i think the banks would see it as a vote of confidence. that's a positive indicator. i think the technical impact on their p&l is likely to be negative in terms of the paao. >> good to see you. thank you for that. >>> and if you're just joining us on the program, these are your headlines. the uk economy growing march expected. >>> san tan tand he's profit declass ae their check partner voted for it. >>> so the telecom industry chock-full of details in the last month. courtney has more for us at the headquarters in the united states. >> hey, it's great do you see. i haven't seen you in so long. it's nice to be with you on "worldwide exchange" this morning. verizon has rt roedly hired advisers to

no job no hope new grim figures from violence in spain while the e.u. why despair leave islip cool and joining the struggling. one hundred one time the most prisoners and the one hunger strike the official number more than doubling since the military tried to break the months long protest by. watching the weekly roundup of the big news stories of the last seven days with me that are t h q this morning after one am here it is now russia is reportedly giving the f.b.i. the tape of a phone call between the one of the boston bombing suspects and his mother where they discussed jihad it's thought to be in secret recorded in twenty eleven the year russia warned the u.s. about one of the brothers radical religious views the u.s. though for i think suspicious after making checks is out he's got you can why the f.b.i. might have failed to take the proper action. in the wake of the boston bombings it's the f.b.i. now bombarded with questions how could they let the alleged boston bomber tamerlan and i have go off the radar after they've been warned about him multi

. >>> this dude in spain wants kisses. because he's spanish. >> this is like kiss me i'm american, in america. >> see how just how little it >>> this video is an oldie but goodie. i think you'll see why. this is called high speed hammock and i think the three of us could put our heads together and come up with a better name. as you see, the guy a couple of buddies, he's laying on a hammock, he's holding on for dear life because his buddies start rocking him back and forth. >> he's going over the top. [ laughter ] >> he just keeps going. >> this is like a weird carnival ride that you pay extra for. the redneck gravitron. you know the thing that spins you around and you get stuck to the wall. >> mach speeds and hammock? >> ham-mach. >> he really was moving there. >> look at the size of the guys powering that. >>> this is one of those videos that starts out kind of normal and takes a turn for the really weird. at first, we see a shot of a girl in a red dress, by a motorcycle, talking to a dude. normal. here's where it starts

today spain is catching a bid. interesting move and surprising to see just how far this yield has fallen in the last few sessions back below 5% to 4.92. italy flipping into the green falling despite the fact we have no government formed in italy. we'll look at a major move in the italian market today in terms of that moleskin ipo. the yen weakening a little bit. 93.5 is that mark there. the australia dollar a strong session yesterday. euro/dollar a little bit weaker. japan has been the story. are we seeing a different trend taking place? is the bank of japan not delivering enough potentially when it comes to where market expectations have gotten? lieasisa joins us now. >> japanese stocks outshined other asian peers today with the nikkei jumping 3%. automakers drove higher today after positive u.s. auto sales numbers. index heavy weight fast retailing a big reason behind the nikkei surge. the stock soared 14% after the clothing chain registered a 3% jump in march same-store sales. in china the official and hsbe read