that zealand where the structural on the line the reforms which will cause faster growth over the medium term going to pay for all of the germans going to say hey we will pay for it we will always pay for it i mean really that's where push comes to shove here merkel has an. actually it's ok i mean if it's if something isn't done they're going to have their own tea party you're the fuel the first person actually i've heard say that this is this is who's loosely you know i think the problem is that they're trying to address right now and not the actual problems that exist in most countries you know by providing more money they're not really solving the underlying problem and they're trying to force countries through to revalue their currency through through changing domestic prices you know at the height of recession forcing the country to go through yet another round of austerity and that's wrong how can you time growth when you're when you know we learned when you're in the gutter how do you find growth by going i having more austerity i'm never going to start that declare their fear of

per barrel what do you make of the current price and where do you see it going in their shorts the medium term what is interesting times following the release so for merchants by the. nobody can tell you exactly what the price would be at a given date but i think it makes sense to think of it as a continuum of possibilities between two extremes one extreme would be what i would call opec compliance so they do what they said they would do indeed result put in addition to the emergency release and then you would see prices stabilize in fording at a lower level the other extreme is like a war of attrition if they were to counterbalance if this was really perceived as a wholesome movement by the way they could call it that since here we are these releases by just cutting production on their side then it would be a prolonged prolonged situation since both alternatives are very costly for both parties i don't think that any of the to materialize in the truth review somewhere in the middle so i would expect the prices of the medium short term to stabilize sort of the level and go look at facilitate i

the performance. >> in what sense? >> the terms of it pluni inging and coming back. >> my view is you have to take a medium term perspectivese things. a lot of the people investing in our company are investing for the medium and longer term. it's been a tough day on the market. i think over the longer term people will be rewarded for investing in our business. >> the last few weeks we've been talking about the potential for a global economic slowdown. along the past few weeks have you ever thought maybe we shouldn't ipo right now. maybe we should push it back a month or two or more. >> never had any doubts. always felt this was the right place to come. that was the right time to do it. there's never a perfect time. we actually feel although there are a few wobbles at the moment in world markets, conditions are actually quite good over the medium term. >> all right. spoken like a true flag bearer of the company right there. i understand that asia accounts for quite a large part of sales. tell me about that, please. >> yeah. last year, asia accounted for, i think over 0% of our profits. in fact, very shortly it will be the m

give us that a lot of help to me is what it should rise quickly in the long term that from the old from zero to crisis and from the medium of particular a different issue price and should be stable but the medium term i could predict at that level should be stable as it is now. at the business update for this hour but remember you can always find all stories just log on to our website that's not a dot com that has an expert. a. litmus. tests. period. if. he. says. see. for the full story we've got it from. the b. . because the issues get the human voice face to face with the news makers.

that zeal and where the structural on the line the reforms which will cause faster growth over the medium term are going to pay for all of the germans going to say hey we'll pay for it we will always. for i mean really that's where a push comes to shove here and merkel in a lecture it's ok i mean it if something isn't done we're going to have their own tea party. to feel the first person actually i've heard say that this is this is good news for the euro i think the problem is that they're trying to address right now i'm not the actual problems to that exist in in most countries you know by providing more money and not really solving the underlying problem and they're trying to force countries through to revalue their currency troops through changing domestic prices you know at the height of recession they're forcing these countries to go to get another round of austerity and that's that's that's all wrong how can you find growth when you're when you know we're in it when you're in the gutter how do you find growth by going by having more austerity and they're going to start the article where

over the medium term if the market would really start recovering from higher birth names including. my own short term but we don't expect this to happen say this week. see the headlines with the carry and i'll be back in fifteen minutes with not plate of the business news. ilam is. just simply. the fix. it.

all the medium term if the markets would really start recovering that high but the names including own gas might be form short but we don't expect this to happen say this week. one of the most extreme environments on the plumbers. and. far away from civilization. so special and attractive from the wildlife. and from the. expedition to the bottom of the earth. covered. a ten year old victim of the russian plane crash that killed forty four people before the news comes. from a passenger jet exploded in flames. the greek government critical. protest of the will of the people is being ignored. stares images with names of us secure second. former soviet republics. twenty seven victims killed in the fight against. the. great patriotic war. offensive against the soviet union was to place. rest fortress today it's on the territory of the sovereign republic of belarus formerly the soviet republic of belarus a fortress was once the western most outpost of the soviet empire each day schoolchildren in the town of brest take part in a ceremony by a local monument to commemorate what happened there.

in the medium term, we need a comprehensive immigration policy like a system that awards points to potential immigrants according to their skills and the demand for them. >> if the government wants to make it easier for foreign physicians and engineers to qualify for german work permits, but once industry and labour unions to make the most of germany's own human resources. >> this includes increasing employment opportunities for older job-seekers, making it easier for people to balance work and families and better training and education for young people. >> above all, the government wants young germans to learn the skills industry needs. that is not a new idea, however, and past efforts in that direction have produced few tangible successes. >> in washington, the federal reserve lowered its expectations for the u.s. economy and signaled that it would keep interest rates low in the coming months. speaking at the end of the meeting of the bank's board of governors, fed chairman bernanke acknowledge that the u.s. economic recovery has lost momentum. he also said the central bank believes growth

and it is for small to medium sized businesses and the president we'll be putting down some of the new steps to improve for investment climate. especially. in terms of making a market more comfy more competitive promoting competition privatizing. the state to delay that that's that's in the medium term perspective and also fighting corruption so that's more or less of the mystic part of the story and he will be also talking about international efforts. in the my. so that that allow. for and i thought a little partnership simply with china. stabilized global economy if we can promote the government at all so i had on the wall and that's a very important aspect rooting out corruption in the russians isn't because it's not only as i understand it the fact that it exists but also the perception of it existing that maybe keeps companies from taking this step and in doing business in russia what concrete steps is he suggesting or to help root out the problem present came out. of the specific initiatives if you weeks ago in money by course and feel that idea. to use the process from communication from you then you should have said and. i think the perce

as what it should rise quickly in the long term different the old come out surprises and put them in a particular different issue price and should be stable but the medium term i could predict at that level should be stable as it is now. that's a business update for this hour but remember you can always find most tori's just logon to our website that's dot com slash business that's for. thanks. a litmus tests to see. period. if. he. sees. sixty. six.

the largest bank in europe said he was upbeat in the medium term on the economy in the united states but the card business there did not make any strategic sense well lying yeah yeah yeah well so obviously max keiser h.s.b.c. was the very first bank to pull out of the us mortgage market in two thousand and six two thousand and seven household financial and now they've been trying apparently to wind down their business first they've been trying to find a buyer for this business because they do not want exposure to the american consumer they want to expand their exposure to the asian workers striking in protesting and rioting in china right there trying to aggressively get out of the u.s. market because they know that with no jobs and no savings you eventually the credit card business will collapse including visa and mastercard that's correct and i would also note that h.s.b.c. is there for denying americans the right to life liberty and the pursuit of self-esteem so it's just me says pulling out all of their lending facilities in america yes and also moving the bank apparently to asia

what a surprise quickly in the long term different the old the most surprising something to me i'm a particular different person psoriasis and should be stable but the medium term i could predict at that level should be stable as it is now. that's a business update for those by delgo we have headline news with carrie coming up. in the. culture is that so much different and there's a huge musician on the market freedom flotilla two point zero four thousand pro palestinian activists from twenty two countries perspective joint freedom flotilla two innit. if. the place. that. it was to. say. this street still keeps its secrets now it's time to reveal the truth to the soviet files on. the mission and free cretaceous three cents for judges free maintenance free risk free studio types free. old free blog counseling videos for your media projects a free medio dog r.t. dot com. wealthy british style holds out on guys.

optimism or surprise put in the long term the things that old the most surprise is something in the name of the trickle up difference or surprise and should this little not in the medium term i could predict for that level should be stable as it is now. that's our business ok for this we have headline news with kerry coming up. in the. culture is the simulation given to the huge musician on the market freedom flotilla two point zero four a thousand fold palestinian activists from twenty two countries are said to join freedom flotilla to innit. it. took. it was. this history still keeps its secrets it's time to reveal the truth the soviet files. he took. the mission. critics say should be free. for charges free the maintenance free risk free studio types free. old free blogs can split videos for your media projects and free media don carty dot com. wealthy british. markets. find out what's really happening to the global economy for a no holds barred look at the global financial headlines to cause a report. please please please. please .

optimism of the should rise quickly in the long term different the old promote surprises and put them in a particular different positions rising should be stable but the medium term i could predict at that level should be stable as it is now. that's our update for this hour other back with more and less than one hour from now thanks for watching .

the investment climate. especially. in terms of making market more comfy more competitive promoting completion. they believe that that's in the medium term perspective and also fighting corruption so that's more or less involved a domestic part of the story and you'll be also looking both international efforts . in the. let that allow. for. that a little partnership simply with china. stabilized global economy because we can promote the kind of the girls on the wall and that's a very important aspect rooting out corruption in the russians as me because it's not only as i understand it the fact that it exists but also the perception of it existing that maybe keeps companies from taking a step in. doing business in russia what concrete steps is he suggesting or can help rid of the problem present came out. with some of the specific initiatives if you weeks ago in money by horse and feel that idea. reality in the process we could be patient. and. i think the perception is changing because more and more criminal investigations regarding corruption and people already know that there's the probative that they're going to be. sued for thos

the costs of settling the debt problem which is the whole issue of restructuring this debt in the medium term in such a way as to make it sustainable so that's what i was talking about before but you need to find some sort of a solution in between just cutting the greeks off and bailing them out down the slippery slope and as you say we need to find something where the greeks and the germans but not just the taxpayers also the banks share the cost of resolving the crisis it's interesting he said bill do you think banks want to share the cost of resolving this crisis because then they'll just go to the i.m.f. ok i mean you keep going up the ladder to get more money if you do it maybe star voth real reform in the euro zone. of course and things have been shifting in progress as had from this financial crisis on who until now to extend its center banks and the senate takes it if he has bought already more than one hundred billion euros so. it's from banks of. covered bonds from german banks but also a weak government bonds portuguese government bonds and i don't think that bailing out banks is r