i also expect her to get more influence in the imf. china is getting more and more important. >> thank you for the update. 55-year-old lifeguard takes over for dominique strauss-kahn to defend himself against charges of sexual assault against a hotel maid in new york. lasard has her own court case -- blood guard has her own court case to worry about next month. >>e khristine lasard has been campaigning for weeks to take the top job at the imf. she had a lot to do to convince african and asian countries who wanted a non-european at the helm. but in the end, she won them over. >> i am not a candidate for europe or for france. i will represent all of the members. >> she is used to asserting herself in a male-dominated world. she is held in high esteem by politicians and business leaders are on the world. but her career path has not been smooth all the way. while serving as a french cabinet minister in 2007, she is suspected to have been used her influence to help a businessman to obtain nearly 3 million euros in damages from a bank. >> as

if they reject them, the u.s. and imf will withhold its loan greece couldnd run out of money in weeks. >> late into the evening, there were clashes between police and protesters outside parliament. all part of a day of protests against the austerity package which greek m.p.'s will vote on tomorrow. earlier the protests had turned violent. for hours, there were running battles in the square outside parliament. communications trucks were attacked and set on fire. all attention, bitterness, and frustration of recent days, it was almost inevitable there would be an outbreak of violence. the police fired hundreds of volleys of stunnestun grenades o clear the air. inside there is real anxiety about the extent of these protests. away from the center of athens, most parts of the greek economy were brought to a halt by a 2 day general strike. earlier in the day there had been protest marches. the government insists that austerity measures are needed to qualify for a further emergency loan from the eu and imf. without them, greece

how important is it for lagard to change the mission and leadership at the imf? >> she'll have to give more credence to the views of key emerging market economies. we've watched since 2008 a structural change with other country likes south korea playing a much bigger more important role in maintaining global economic stability. for her so come into this position especially being a european she has to be very sensitive to how they see things and how they want to shape things. the world has changed and the imf structure and decision making is ultimately going to have to reflect changes. >> susie: as the we reported she is the first woman ever to be hegd up the global financial institution. to what extent do you think it will work to her favor to be diplomatic and deal with sensitive political issues. >> i think she is a very astute negotiator. we're in the early 21st century and it's about time the imf had a woman leading the organization and good for the organize morale of the organization. she brings a lot of strong skills to this process. i think having her there

and weighing in to the new maelstrom is the new imf, christine lagarde. investors themselves seem pretty optimistic themselves. the markets also rallying in the hope that they'll be thwarted. >>> for the second day all of the european markets got off to quite a buoyant start. the ftse 100 up, shy by 1%. some other the others, the dax, the contact 40, pushing over 1%. oochz. >>> hong kong and shanghai did lose mow mmentum later on. >>> utilities also boosted by hopes that tepco's rivals might not have to share in its compensation payout to qes by the fudge s the fukushima daiichi disaster. >>> in the meantime in the u.s., a rally on tuesday took place with a triple-digit gain for the dou dow jones industrial average. the nasdaq ended the day up by 1.5%. both of those indices havery risen about 1.2% at the close. >>> and taking a look at how u.s. futures are fairing right now to give us an indication of how the markets could start on the other side of it, we're currently seeing a little bit of a higher open, but as you can see, pretty modest gain, some of th

her number one challenge will be making the imf a legitimate actor in this process. and this very contentious process. >> developing countries feel like they're candidate did not get the job and there will be another european in the imf. >> one of the things that they have to do right away is a point some deputies. it is long overdue. they need to have a role. i think she is a great choice for leadership but she has to have deputies that represent a broader perspective rather than just beyond the u.s.. >> a lot of people were talking about that. it is interesting that she is a woman. i believe that she is above the gender issue. she is certainly the most

the finance minister christine lagarde is the clear imf runner. xico's bank steen augustine cause tans is also in the running and the bank of israel governor stanley fisher entered the race at the week end. he and his justice and development party took 50% of the vote. the ak party is strong over economic growth and a drop in employment. >>> and new zealand has been hit by earthquakes, the strongest of magnitude, 6.0. they're still recovering from a deadly earthquake in february. >>> huge cloud of ash that's drifted more than 9,000 kilometers from a volcano in chile. while the cloud is on the move, thousands of passengers on two continents are not australia or new zee land, dealing with the second day of con celebrations. volcanic ash is affecting many flights in south america itself pretty much bringing air travel to a standstill in buenos aries. let's get more. good day. how are things there? has it basically ground all flights or are some flights getting into the air? >> it's had a huge impact. tonight air flights are trying to clear a backlog o

. >>> it's deadline day for the imf hopefuls. >>> and we're putting the spotlight on cybercrime after a massive data breach forces citigroup to replace 100,000 credit cards. >>> after six days of sinking, the u.s. and european equity markets were more buoyant on thursday thanks to american exports hitting record highs. while thursday delivered lucky number 7, let's see whether investors have that friday feeling today. so far in europe, the answer appears to be no. we're seeing red across the board in about an hour of trading. but do remember some of these indices did manage to notch up their first day of guerins in about six days jut yesterday.the heaviest losses coming from the cac 0 -- 40 in paris. >>> we get a mixed bag in asia. chinese export numbers were not quite as impressive as those coming out of the united states. growth slowed and that in turn led the shanghai composite towards a loss, though it did manage to recoup some of the declines on the day, notching up a modest gain of 0.1%. in seoul, the bank of korea raised its key interest rate to a total of 3.25%. that followed

of the imf, john lipsky himself is in beijing at the same time. he min takaintains that's a coincidence. you buying it? >> he says that is a coincidence and a lot of people here believe it. the imf says it's a coincidence and he regularly comes here on consultation with the chie needs. he did make a statement at a briefing this morning saying the selection process needs to be transparent, merit-based and open. the same line that we are hearing from not only the chinese government but also from lagarde herself. there's been a huge gripe as you know, among developing nations that this process has long been too -- not been transparent at all. it hasn't been transparent enough for them and in fact, a lot of people believe it's been dominated for too long by the europeans. that's one of the reasons why the mexican central bank governor is really going to be pushing hard for support in the developing world, especially here in china. he's expected to come here and make his case next week. now, as for lagarde, she is next going to be head to portugal wher

but he has been quite vocal about his chances of getting the imf a job is quite slim. why do think his visit to asia will make a difference? >> the asian markets are very important. we know that europe is backing another candidate. whether he can gain the support from asia is very important. i think his visit to china is very fruitful. when i look at his announcement, i can see very little improvements compared to [inaudible] there should be no revolutionary change on china's currency reform. she has expressed her support for the former central banker from china for planning an important role in the imf. she mentioned that china has a bigger stake after the reform. these are all buried concrete benefits. -- these are all tangible benefits. compared to her visit, he mentioned that the emerging markets should play a more important role and should have their own voices. but i do not see any additional economic interest generated from his visit. i doubt that to -- i doubt that china will change its town. -- tone. >> thank you so much. five children have been admitted to hos

>> i think the imf is embarrassed. and the view from the outside markets are... is that they're slightly distracted because they haven't had anybody at the help many right now. now with her coming in, i think that will be taken away. she will garner the limelight. she will lead them through the crisis. and, you know, i would add one more thing about her future role in the imf. perhaps the imf's ability to give us a red flag about future crises before they happen as opposed to during and after. the imf has really not been on the top of its game when it comes to identifying crises well in advance. >> woodruff: are you referring to greece? >> i'm refer to go the united states. >> woodruff: hitting home. >> that's right. >> woodruff: scheherazde rehman, eswar prasad, we thank you both. >> thank you. >> thank you. >> ifill: next, some gee-whiz technology that's changing lives for people with serious disabilities. newshour science correspondent miles o'brien tells the story. >> i'm stable, confident, feeling tall. >> reporter: there's a lot of pain and sadness behind t

the eu governments in the imf agreed 110 billion euros about $158 billion in emergency loans to bring it back from the brink of default but it seems like it's not going to be enough. athens could be in line for another bailout of roughly the same amount, $170 billion. as we said that will depend on a number of things all falling into place, if greece defaults it will spark fresh fears over other eurozone nations who have received financial assistance, talking about ireland, in december of last year ireland received a bailout of 85 billion years, about $113 billion. brian cowan was forced to step down soon after the bailout was awarded. portugal was first reluctant to accept help, eventually took about $110 billion, confirmed early last month. >>> for greece to get that second bailout its leaders must agree to raise 50 billion euros by 2015. they plan to sell government owned property from airports and real estate but as diana magnay reports the hard part may be finding investors buying up pieces of a country already on the brink of financial ruin. >> reporter: greece is a country of t

and aiming for the imf top job, france's finance minister khristine the guard says she is satisfied lettinghina drum up support for her bid. ♪ >> hello and welcome. the chief prosecutor of the international criminal court says he is becoming more convinced that colonel gaddafi's using rape against libyan rebels. a team has found evidence that suggests the libyan leader has even provided his soldiers with the viagra. on the ground, rebels have made their first attempt to move out of the city of misrata. they are moving south and east and west. they have sustained heavy casualties as colonel gaddafi's forces fought back. >> to shouts of "god is great" rebels fought back against colonel gaddafi's forces. >> we are on the front line now. we do not need any help because we are ready to defeat gaddafi and his forces, his supporters and his sons. >> this is the heaviest fighting around the city since gaddafi loyalists were beaten here in april. more casualties are rushed into the hospital. so far, this hospital alone has received 11 dead and more than 30 with serious injuries. they expect many mor

the imf is what i'm clear about is we were not involved in the first greek bailout. we are not members of the eurozone and we're not going to become members of the eurozone as far as i'm standing here. i don't believe the european financial mechanism should be used for greece and we won't think it's appropriate and i don'believe it should happen. >> dave miliband. >> mr. speaker, can i join the prime minister in paying tribute to craftsman andrew found to the electrical and mechanical engineers, lloyd newell and gariff bellingham. they all served with dedication and bravery and our hearts go out to their family and friends. armed forces day is coming up this saturday and this is an oppounity to remind us all of the service that is provided by our armed forces in afghanistan, in libya and all around the world and i think it is a moment to recognize t service they provide with honor and courage for our country. mr. speaker, we support the mission in libya but in the first week the sea lord and the commander in chief air command have raised concerns over the prospect of

the measures the eu and imf are demanding. without the funds greece faces default potentially within weeks. on monday greece's prime minister urged lawmakers to vote for the austerity plan. >> translator: i'm not asking you to listen to outside pressures. i'm asking you to listen to your soul, your inner patriotic conscience. >> meanwhile france has come out with a plan to help greece specifically the french president nicolas sarkozy commercial banks agreed to offer 30-year loans once greece's current debt comes due. it may run into trouble for several reasons, first the involvement of the european financial stability fund is unlikely to please germany, where chancellor angela merkel rejected proposals involving that fund from german banks, the same german banks that "the financial times" regard 30-year maturities on greek debt as too long. there's the question of greek debt not held by banks, commercial lenders hold a little more than a quarter of that debt and the ratings agencies who don't seem to have made up their minds wh

. >> no matter much margins from the political horsetrading, the imf is expected to pay out their share of the charge of 12 billion euros. that would buy the european union more time to find a package to keep grease afloat through 2012. >> negotiations are going on regarding the second bailout package. >> nothing has been decided. the imf says they do remain committed to providing financial support for greece but only on the condition that greece remains committed to pursuing economic policy reforms. in a timely show of confidence, the imf says that progress is made in organizing full financing for an expanded bailout. the european union commissioner for economic affairs said that he was confident that the euro zone finance ministers will approve new loans for greece. until that happens, markets looks set to remain nervous. >> the possibility that major banks might be expected to foot part of the bill for resolving the greek debt problem is sending tremors through financial markets. u.s. banking regulators have warned that the cost to banks could disrupt the international banking system

demands of the imf? >> bankruptcy is the start of the negotiation. even if they say no, there will be negotiations come along after that. >> how much of a chance to you think that greece has of holding the plan the way that the prime minister would like to see it done? >> can they do it and will it help them? managing expectations is really important but it must be cuts down the road, structural changes in pension systems and the like that don't cut right now and really hurts demand for jobs. even if they do it, this will be very hard to pay back. >> they should be able to do it? >> politically, they can do it but i don't know if i would advise them to. >> thank you very much for talking to us. that has been our in-depth report on the situation in greece. as always, thank you for watching and thank you for the company, everyone. hi, i'm janice edwards, inviting you to join us for bay area vista. as you probably know, bay area vista is your show. we're talking about your community, talking about what's imp

. >> more bailout money for greece after the e.u. and imf approval austerity measures. >> and at ratko mladic refuses to tripoli at the war crimes computetribunal as the trial is underway at for him for genocide. >>> yemen is closer than ever to full-blown civil war. friday, the conflict arrived at the president's door. the president suffered minor injuries when trying to -- when people attacked his palace. later, he recorded a message for his country, labeling the tribe a gang of outlaws. we have this report from the capital. >> soldiers on the roof of the presidential palace. state television shows them taking cover amid a renewed attack. earlier, the building was hammerer by a volley of rockets and grenades. seven people were killed, including three members of the presidential guard. the president, seen in file pictures, sustained a light head injury. >> his excellency the president is in good health and has postponed a planned a press conference. it was scratches that he received. with god's wl, he will recover very sooit and wil appear

and the imf last year. >>> the chinese computer maker elnova - lenova is purchasing a german firm. they have been expanding its side of china at a speedy pace. >> this is where they want to grow, on the shelves of germany's big retailers. of the world's no. 4 computer maker has 7% share of the western european market, but in its 630 million bid to purchase the of the company, that share could grow substantially. the government is not expected to oppose the deal, and it would not be the first time the chinese company has grown by taking over a foreign business. in 2005, lenovo bought ibm's personal computer organizations. this buyout would be the first time a chinese investor had bought out -- bought out a prominent company here. chinese investors were repeatedly considers as potential stakeholders. the same goes for car maker opel. but those deals came to nothing, either because the target was not attractive enough or the political hurdles to hide. at this time there are no such obstacles. >> shares surged wednesday. we have more from frankfurt. >> after bad economic data in the un

the imf says it remains fully functional but in internal memos obtained by bloomberg news, the imf asksmployees not to open e-mails and video links without authenticating the source. it's a familiar warning, google, sony, citigroup and lockheed martin have all fallen victim to cyber attacks in the past three months, suspected of being launched by hackers abroad. >> if you commit a cyber crime and you live in russia or china or a few other places, and you carry out the crime in the u.s., there's almost zero chance you'll end up in jail. >> reporter: meanwhile, banks and corporations often pass on their losses to customers. >> maybe it's only a nickel a month on your bill but multiply that by 130 million and you've got some very rich people in the world of cyber crime. >> reporter: a world where crime does pay. jay dow, cbs news, new york. >>> this morning on "the early show" the anthony weiner debate, should the congressman resign? i'm terrell brown. this is the "cbs morning news." at bayer, we're re-inventing aspirin for pain relief. with new extra-strength bayer advanced aspirin. it ha

board is holding its meeting in washington, trying to decide who is better to be next manager in the imf after the departure of strauss-kahn. lagarde is thought to get the top job. >>> on friday, bank of japan is due to release its quarterly survey. analysts expect a steep drop in business confidence after the devastating earthquake and tsunami back in march. still very much influencing investors and business decisions in japan. we're also going to be getting u.s. sales figures for the month of may from the big automakers, general motors and ford in the

christian malard, thank you very much. >>> just a reminder, nominations close today for the imf's topder way in syria, targeting the northern town of jisr al shugur. state-run media say the operations to restore order and arrest militants, many people have fled from the town before the army could enter. more than 2,700 people crossed the bored near turkey. that's accord to reports from within turkey. >>> scientists confirmed that bean sprouts from germany were the cause of the deadly e. coli outbreak that's killed at least 27 people. the german office for risk assessment told a news conference that the number of infections was now falling. >>> stay with us here on cnn for the very latest on these developing stories. for now that's it from the team here on "world one." thank you for watching cnn. >>> ahead on "american morning," new information on the end game in libya. driving moammar gadhafi from power may not be enough. is the new goal to take him out? we'll ask a nato spokesperson. >>> a major implosion of an entire presidential campaign, a mass walkout of newt gingrich's senior st

the imf has agreed to. the leaders of germany and france are currently meeting in berlin today to try to work out their differences on whether private investors must participate in a bailout. joining me now from our paris bu row is alexander. how confident are they that they'll stave off a default? . >> reporter: i'm not really that department. there are two issues here. the first issue is liquidity. you can't always make sure that greece can make its commitment in one month's time, three months' time or six months' time. you can't keep on giving bailouts, $100 billion here, $100 billion there. until the end of the day until they work to stabilize the fiscal condition, they will not be able to stay on the long-term issue of default. so until they head to a very substantial reprofiling, it's going to depend whether after that they classify that as a technical default or not. and the day we head into a technical default is the day we work on the financial restraints. they could head into meltdown. they we've g

to honor the commitment between portugal, the european union, and the imf. we want portugal to win back the confidence of the market, which is essential for the country to recover. >> voters no longer address to the process to the outgoing prime minister. he stepped down as leader of the socialist party after its worst election results in two decades. >> in the southwestern united states, a huge wildfire has forced the evacuation of thousands of residents in the state of arizona. it has already destroyed some 800 square kilometers of forest. officials say they have not been able to contain any part of it since it broke out a week ago. high winds and extremely dry conditions are making fighting the blaze very difficult. under terms are switching across parts of germany after another day of warm and humid summer weather. it has caused chaos in some places, like here in homburg. roads were inundated.

. >>> more details about the rest of the former imf, dominique strauss-kahn. prosecutors say he tried to claim diplomatic immunity when he was arrested on suspicion of the attempted rape of a hotel made last month. strauss, strongly denies the charges and is on bail awaiting trial. steve kingston is in washington with the latest. >> his lawyers may say that he formally did not do that through them. what seems to have happened, according to transcripts of conversations between strauss, and and some of the people who detained him and questioned him, what seems to have happened it is the police detained him as he attempted to board the air france flight to paris at new york's jfk kennedy airport. they wanted to question him in connection with the incident at the hotel. at that point, one of the officers according to the transcript produced handcuffs. dominique strauss-kahn said, "is that necessary? i have diplomatic immunity." they asked for his passport was. he said it was not in the passport, he has a second passport, and then he asked to speak to someone from t

. >> the imf, already reeling fro. here is more. >> the internation monetary fund was likely infiltrated by what's called phishing, a bogus e-mail that relies on computer skills and old fashion trickery. phishing can involve something as simple as this, a seemingly harmless log in request. the only problem, the link is a fake. >> and provides cyber crim nams with back door access to the system. >> we know if you send that to 100 people, one will click. >> cybersecurity expert says the imf data makes it an attractive target. >> if you were a trader, a criminal who wanted to sell information or a government who wanted to figure out how to tailor your economy policy, it's a logical place to go after. >> imf says it remains fully functional, but internal memos, the imf asks employees not to open e-mails and video links without authenticating the source, a familiar warning. google, sony, scg&e and lockheed martin have all fallen victim to cyber attacks in the past 3 months suspected of being launched by haikers. >> if you yo

but imagine the imf. this is the international organization that manages the economies of the world and it organizes all the bailouts of all the economies that are in crisis. it has very sensitive information including secretive negotiations with countries and also it has information on countries we don't even know that could be on the financial brink. so basically some have described this as political dynamite, this information that could have been accessed, which could affect the global economy. but we still don't know the extent of the crisis and it is very, very troublesome. i even talked to a defense expert tony schafer who told me that he thinks this is a transnational organization or a nation state. and i asked him, he says he doesn't know who this is behind it. but i asked him about google. google, if you remember, pointed the finger straight at a nation state, china. that it originated in china, the hack attack that they had. china's government has vehemently denied this. here's what tony schafer

the imf helps manage financial crises around the world. it also maintains information about fiscal condition of various nations. coming up in less than ten minutes, we'll talk to a cyber security expert about what these h hacks could mean for the security of the united states and how they could be viewed as an act of war. >>> the countdown is under way for tomorrow's republican presidential debate in new hampshire. seven candidates will face-off in the state's first debate co-hosted by cnn and seen only on this network. our director paul steinhauser is with us, and paul, this is a pivotal moment for these candidates. which of them do you think has the most to lose? >> i think the one who has the most to lose is the one perceived to be the front runner, and that is mitt romney. he's making a second bid for the republican nomination and he's on top of most of the polls when it comes to the race for the nomination. check this out. brand new cnn numbers released this morning. we asked the republicans, what's most important for you in a nominee

her number one challenge will be making the imf a legitimate actor in this process. and this very contentious process. >> developing countries feel like they're candidate did not get the job and there will be another european in the imf. >> one of the things that they have to do right away is a point some deputies. it is long overdue. they need to have a role. i think she is a great choice for leadership but she has to have deputies that represent a broader perspective rather than just beyond the u.s.. >> a lot of people were talking about that. it is interesting that she is a woman. i believe that she is above the gender issue. she is certainly the most capable european candidate. the issue of her being a woman is not the issue at this point. she is bringing order to chaos in europe right now. >> might she allow greece to separate? >> one could argue that it would be the best thing for greece in europe, a politically tough step to take but she is a woman known for taking tough steps. >> in afghanistan, one of the leading hotels popular with foreigners and western dip

>> we are senior members of the imf. we sit on the imf board. we obviously have responsibilities as members of the imf, but we are not members of the euro zone and will not become members of the euro zone. i do not believe the european financial mechanism should be used for greece, and we have made it very clear that we do not believe that is appropriate and that it should happen. >> mr. speaker, can i join the prime minister in paying tribute to the royal electrical and mechanical engineers? the corporal from the parachute regiment, and the private from the third battalion the regiment? they all serve their country with dedication and bravery, and our hearts go out to their families and friends. mr. speaker, armed forces day is also coming up this saturday, and that is an opportunity to remind us all of the service that was provided by the armed forces in afghanistan, libya, and all around the world, and this gives us a chance to honor them for the service they provide with honor and courage for our country. we support the mission in libya, but

it's been handed down by greece's creditors, the eu, the european central bank and the imf. they have to accept it wholesale and pass it. it's very difficult because it contains 4 billion euro's worth of public sector spending cuts

christine laguards is odds on favorite for the imf and final furlong as greeks strike over spending cuts. a french plan could help deal with some of its debt. >>> moody's puts a dent in toyota's credit rating. >>> greek grief over proposed austerity measures is spilling out over the streets once again. protesting in athens, traders respond to hopes that the prime minister, george papandreou will pass or will see his controversial hardship measures passed in the course of today. the major european stock markets opened with gains just over an hour ago and they're still in positive territory right now. i think there is a perception on the part of people in the markets there is some plan b and also the french plan or the agreement with french banks which envisions a rollover of breek debt is also helping. but in terms of the numbers,

and the imf. in and a 48-hour general strike looming on tuesday, there is widespread opposition. ministers will vote on the plan on wednesday. uncertainty over greece's future is hitting the markets. let's look at the numbers 90s into the day. we have been moving around actually, but really it's a sort of uncertain cautious time, i suspect. we are seeing slight gains there for the london ftse. and much smaller losses for the dax in particular for the acc and the zurich smi. clearly the markets, investors really like a cat a hot tin roof at the moment i would say with the greece issue. andrew? >> i reckon that's a description you could apply just about across the world at the moment, charles, as we watch and wait for greece. that's what happened here in asia today. possibility of a greek default obviously weighing heavy still on the markets as that three-day debate on the austerity measures gets underway. nikkei down by a little over 1%, not helped by a stronger yen. the hong kong hang seng do down

. >>> and dig surprises that could be in store as the former head of the imf heads back to court on attempted rape charges. >>> for those who say marriages don't last any more, meet the hundreds who prove that wrong. >>> coming up on sports, coming from behind to claim yet another french open title. couple, what's the word on the weather? >> are you ready for a midweek sizzle? check out memphis. that 97, that's coming our way. i'll tell you when it gets here and if there's >> it is no longer a rescue mission for the people looking for bruce hansen tonight. they are going into recovery mode. they believe the 21-year-old probably drown. he was swimming with two others on route 97 when the water got really deep, really fast. rescuers say yanson panicked and another swimmer tried to save him but he could not. there is a warning that swimmers are not allowed in the reservoir where the drowning happened. a re search for his body will continue tomorrow. >>> some kids cannot take a dip in a city pool because of a recall. four kiddy pools at d.c. pools are still closed. they are effected by a nationwi

some of the other top business stories we're following for you this hour, the imf is on the verge of loaning egypt money. the g8 countries will send 10 billion today's egypt and tunisia. and the gulf states will kick in another $10 billion. the former chief of the international monetary fund is set to appear in a court on monday. dominique strauss-kahn is expected to plead not guilty to sexual assault charges on a maid last month. >>> authorities say they found a direct link between the outbreak and sprouts grown on a farm in germany. so far, the e. coli outbreak has killed 22 people and infected more than 2,200 people. >>> for more now on this hopeful development coming out of germany, at least we've identified the source, i'm joined by fred pleitgen in new york. >>> one of the things the authorities say they're doing is awaiting lab results from this agricultural company in northern germany and they say they're going to get these lab results sometime in the next couple of hours. now one of the things they said is they might very well find this e. coli bacteria in these lab results

he thinks the european union and european central bank and including the imf have gone a step too far protect a private investor. that's joe ackerman of deutsche bank. the german and french banks are on the hook for $100 billion in greece alone. that's why we've seen the difficult negotiating which is have come to the brink now. the cabinet reshuffle probably won't do a whole lot on its own. the unity government was a good idea but they didn't get the result they were, looking for. nina. >> john defterios, thank you for that. >>> this global situation weep be talking about something else in the world, the inflation rate in india, just keeps on ridesing. after the break, we'll be talking about hout central bank is spongd responds by raising i rates again. the cream disappears but your wrinkles don't. ♪ introducing neutrogena® rapid wrinkle repair. it has the fastest retinol formula available. in fact, it's clinically proven to smooth wrinkles in just one week. so all you have to do is sit back and watch your wrinkles go away. new rapid wrinkle repair. from neutrogena®. >>> india's rank