years i think if the stalls becomes president then it will be more of a shift towards less will sterrett see more spending as a way to get out of the european crisis. see how the markets reacts as it's a day that you can see the the one point nine percent down the three point four percent in negative territory i can tell you that the captain france as well was around three percent down as well so we're really suffering i'll be at the center of it all moving on to the u.s. markets then now coming into the second home of that day and investors will move straight to a feeling that the. dow jones that point eight percent down the now side around the same domestically as well hello is it really taking a hit today they've produced some worrying the figures today that reduce the full cost it's twenty twelve as well as the wild stores as well but now down around the five percent because the bribery investigation is going all the biggest supermarket in the wall that actually will moscow's now moving on to the boil market that we. were going to show you be a finishing up i think about the western

the stereotype measures portugal italy greece and spain some say they spend too much other state sterrett is going to kill them. well who's right where is the balance here how do they move forward it's an issue for all advanced economy to correct their project early particularly as we gods of their fiscal policies and when you have had terminal c. spend more than you were on all the world a long period of time whatever you do whatever continent you are in whatever category of country you are you have to correct and you cannot continue eternally to spend war the new world this is true for a country as well as for individuals if a male firms so again a cost that there is no healing contradiction between what is called austerity which i would call that sound policies you know but because where the school austerity very often is only that instead of spending much more than you were and you spend your all then you are and that these spending you heard so how could you call that austerity if you are back to sound policies then you import confidence and by improving confidence you give a chance

dimitris to the us left a suicide note in which he accused the government of destroying his pension sterrett he cuts aren't sirup when hundreds of demonstrators dragonlance and goodness where to pay their respects just as through petrol bombs the police are responding with tear gas depression and suicide rates have been on the rise in a country that has been forced to impose public spending cuts to do its thing that dozens of jobs cut pay pensions and benefits if they can make it their actual analyst actually youngs is greece needs to take action to get out of its dire situation. the greek government is bankrupt the greek government cannot afford to stay in the euro and pay its debts it must default ultimately that may be a terrible problem for a great many financier's and investors but at the same time i have to say any bank that bought greek debt in the course of the last ten years was stupid so making that absolutely clear the simple fact is greece must have thought on it it probably needs to leave the euro let me gently it not to deflate its currency it is going to still have many proble

the astaire to measures portugal italy greece and spain some say they spend too much other state sterrett is going to kill them. well who's right where is the balance here how do they move forward it's an issue for all perverts the economy to correct their project early particularly as we gods of their fiscal policies when you have had town and see to spend more than you. or world or a long period of time in whatever you do whatever continent you are in whatever category of country you are i have to correct and you cannot continue eternally to spend more than you are and this is true for our country as well as of individuals if a very awful for us so again i post that there is no healing contradiction between what is called austerity which i would call that true sound policies you know what because what is called us there it is very often is only that instead of spending much more than you were you spend more although you were a little it is through spending a year there which you heard so how can you call that austerity if you are back to sound policies then you improve confidence and by

he's less likely to support your sterrett imagines that are thought to be the answer to the european debt crisis this is what we're in ourselves from capital we've seen a lot of political change as a result of the european crisis and if he was to become president i would be probably the biggest change seen so far so far the germans in particular the french germs in particular have been pushing austerity on the part of the world that space already some very difficult economic years i think it. becomes president it will be more of a shift towards less austerity and more spending as a way to get out of the european crisis. well you also use a bit of us brands of oil accounts and as you can see if it's in the back they don't like it we've got to put through that one point eight percent down the dax nearly three and a half percent of the closing figures for the european markets i'm moving on we'll see how the u.s. markets finished up let me just bear in mind as well that the cap as well the french call spanish the read percent in its magic numbers frame for. the u.s. markets and kissing t

star it's the or or increase spending in my view is that you're not going to get out of this trial sterrett see there has to be more than just causing pie in peripheral europe but on its own spending isn't going to solve the problem either i mean you know it's a base issue that we're for europe places all right roland i should have been a couple thank you very much that's all we've got time for more stories for you in fifty minutes time. all right thank you danielle thanks for an update thanks to roland ask their for his analysis we have more coming up on not the french elections for you i'd have crossed the hours to stay with us runs like a short break and i'll be back with the headlines for that. russia would be so much brighter if you knew more about song from phones to the persian.

have jobs and they're making money and they can pay back the loans this is the whole problem well sterrett is not allowing this to happen if you stabilize the economy's so you don't have to lay off millions and millions of people and you don't have to close firms and business could start to grow a little bit guess what the loans get paid back the banking system starts to heal and you grow your way out of it that's the only way if you continue with these loans if you continue with the current approach the so-called remedy that they're going after it's an absolute one hundred percent guarantee that the whole thing is going down and i will say this the strong nations like germany who think they're now shielded from this are in some way protected because they're very strong financially the whole thing will migrate right up to the top and it'll get to them too why because germany is literally killing its customers that is the periphery on the other nations in the eurozone that pie their exports if they don't see this it's amazing that they don't see this and i've said it before on this show it'