and the zurich smi off by 0.7%. yields on italian debt, we mentioned this now, approaching 6.64%, the yields on the ten-year italian treasury bond. have a look at the yield now on the greek ten-year bond. that is approaching 27%. throughout the debt crisis, germany has played a starring role, like it or not, i think suspected as far as the germans are concerned do not like it. anyway, chancellor angela merkel has been the leading lady in this greek tragedy but she's not having an easy time getting greece to accept the terms of its second bailout. so what's happening in germany is absolutely crucial always to this crisis. fred pleitgen is in berlin and joins us now. how is this political drama been playing over the past couple of days in germany? >> reporter: there certainly seems to be a large mood swing in berlin among politicians but also among a large part of the population as well. there seems to be disappointment here in germany as what is obviously perceived to be political wrangling on the part of the greek g

you are so in other words you can't get this message out i promised the occupy group in switzerland zurich that i'll come back dick spring and what they'll do they're supposed to be taken a vote if they decide they want to do it what i can do is i can read your constitution french constitution german and turn around and take this legislation that i've drafted and i can tweak it. for your constitution and then give it to you and then you go out and street and get the people to vote for you don't go to the government you go around the government you ask the people and here's where the rubber hits the road and that is when the people vote for this that means the majority of the people in france if they wanted to be empowered to make laws they would then vote not not sign a petition not to respond to a poll actually vote and we count the votes and they're registered and when you have more than fifty percent of the registered voters vote for this it is automatically the law of the land which means that the minute you bring the people into the operation of government what they become is the seni

italy and it's world wide i don't know max if you're aware of this new study that came out of zurich where they examined forty three thousand corporations you know by on and it filtered down to one thousand three hundred fifty corporations with interlocking directorates and relationships and they control sixty percent of the world's wealth and that's clearly a problem of that requires trust busting as teddy roosevelt wants more than trust busting ok or the trust busting because you're operating within the confines of representative government and when you go there you don't have a chance to bring about change you want to bring about change you've got to bring the people into the operation of government independent of representative government so that the people can make laws there's only two venues for change one is the government we're in the problem exists the other is with the people but the people need procedures to act upon the doll and say have and that has to be procedures that permits them to be law makers cicero marcus cicero over two thousand years ago said liberty freedom

. - ahora vamos al estadio de roma para el duelo del zurich, terminó 1 - 0, en la segunda etapa aquelfinal de la copa suramericana, partido de ida entre arsenal y la u de chile, aquí hay 1 - 0 de chile, aquí reacciona arsenal con el 1 - 1. finalmente a nueve minutos del final aquí se cobra y el 2 - 1 final, victoria de chile. - el encuentro entre la lidia de quito y libertad, después de 90 minutos un número cero final, triunfo de la liga de quito y parece que bolaños quieres entrar el balón malparado se encuentra el arquero, que golazo de bolaños para el 1 - 0. resultado final. - es momento de otra pausa las noticias pero no se muevan y ya regresamos con lo último de la 13a jornada del fútbol colombiano.

scant gains for the zurich and the smi. andrew?having said that, investors in this part of the world seem to be buying. wall street had a strong run on friday and that rattled through to the asian markets, obviously encouraged by developments over the weekend in italy. all the major indices finishing healthily high. the nikkei up 1%, after japan unveiled its latest economic growth numbers. the economy expanding by 1.5% in the third quarter. which is a healthy number if you annualize that. extrapolate that growth after a four-year, that means the japanese economy is growing by 6%. that growth being helped a lot by a rebound after the march tsunami, the earthquake and tsunami which really hurt manufacturers in large parts of the country. as i said, hong kong and shanghai up almost 2%, australia up but not by nearly as much. now, in other news, the shanghai stock exchange says that foreign companies will soon be allowed to sell their own stock in mainland china. that could lead to a number of new listings there. at the moment, investo

so one flying to zurich can offset the by mental pollution with 20 euros. -- environmental pollution with 20 euros. >> we help people better their lives. >> the wind farm has brought change to the village at the foot of the hill. villagers have found work at the plant. the plant has paid for the local mall to be repainted. at the beginning, the wind turbine trigger heated debate among the local community. that is now a thing of the past. >> when there is a lot of wind, we can hit the turbines. but no one complains about that. there are no complaints about the wind firm bank at all. -- wind farm at all. >> i would be happy for them to set up more wind farms. i would be happy for them. >> on the hill, he is drinking his last glass of tea before going home. the plant employs 12 man. they are happy to have a secure job. they are not necessarily concerned about climate certificates or carbon emissions. >> my life and my family's life has changed completely. i do not use more or less to the trustee than before. -- electricity than before. >> turkey has plenty more room for more wind farms.

and the zurich up. >>> we also want to show you how the stock markets in italy and greece have opened wednesday. both of their major indices tumbled almost 7%. let's take a look. things looking still quite dismal in athens. off about 7%. the dax -- excuse me, the ftse in italy up about 1.3%. the euro has recovered ground gensz the dollar after ordering. it's at 1.37, and against the british pound, it's at 1.16 and against the yen at 107. >>> let's return to our main story, and that is in greece where if the prime minister gets his way, the public is going to decide whether to accept that bailout deal that was hashed out at last week's crisis summit in brussels. cnn's jim boulden has been following developments in athens. jim, what's the mood there now? are people as confused about what's going to take place with this referendum? >> reporter: well, i don't think people here expected mr. papandreou to make such a public announcement about the referendum. it's just that it caught everyone really off guard certainly after we thought that all the big decisions had been made in brussels las

. -- from zurich. elisabeth talks to her grandson in switzerland.ats tend to involve a lot of different emotions. >> am i never coming home? >> gregor is familiar with the questions. he patiently reminds his grandmother of how unhappy she was in the swiss nursing home and that she was no longer able to stay at home. still, the medical student says his family did not make the decision lightly. his mother spent several weeks with elisabeth in thailand to make sure it was the right place for her. martin woodtli has heard all of the reproaches and criticisms,+ both from strangers and from the patients' families, who often feel guilty about simply shipping off their demented aging relatives to thailand. >> if you use words like shunted off, you can just as easily applied to a german or swiss nursing homes. but it has been my experience that distance can create closeness. the families come here to visit and see their parents or grandparents from a different perspective and spend a lot of time with them here. and just think how it is in germany and switzer

to the nation to give them a chance to form a habit that will be accepted by everyone come out on zurich said that the new government would be after sunday's parliamentary election that's crowns on cairo's tahrir square continue to keep up the pressure on the ruling generals are demanding an immediate switch to civilian rule all teams want to slip reports. certainly the situation at the moment here in turkey a square is calm as i move to the side and we move our camera in you can see that it's still early here people are only beginning to wake up now but we're not witnessing anywhere near the same kind of numbers that we saw out here in tahrir square last night the situation here certainly is a lot more common than it has been for some time although we are receiving reports now of fresh clashes that have broken out in alexandria a short time ago to also some ambulances here in the square but the mood and the seems i get from talking to protesters is that this momentum is going to be difficult to keep up indeed some of the protests redesigns been talking to said that they think coming nex

money earned and not brought back as this thing from when you put in a suitcase and brought them to zurich i think it's partly to do with just the global situation rather than in anything in russia per se people are in nervous all over the world that the euro zone crisis could result in a global recession. ericsson is celebrating one hundred thirty years of doing business in russia the swedish company has been one of the biggest contributors to the country's growing telecom network president and c.e.o. hans west says russia is vital to the success of eriksson's business he also believes it's company stuti just support projects like scorecards one need to remember when we were told what they are from russia we have been there for one hundred thirty years we feel yourself as very important in the russian society be important of understanding what's happening for serving our customers important but this is an initiative of innovation on is based on innovate innovation we will spend some three billion euro year research and development of course to understand what you know the engine is happen

money earned and not brought back as distinct from when you put in a suitcase and brought them to zurich i think it's partly to do with just the global situation rather than in anything in russia per se people are going nervous all over the world euro zone debt crisis could result in a global recession and ericsson is celebrating one hundred thirty years of doing business in russia the swedish company has been one of the biggest contributors to the country's growing telecom network president and c.e.o. housewares birth says russia is vital to the success of eriksson's business he also believes there are plenty more opportunities on. in general we see the same trend around the world as we we would see in russia we think that we're going to see more coverage mobile coverage further out remote areas that we want to see broadband coming much further out main port mobile broadband that's where the importance lies in the current right now and i don't need to look at all the all governmental officials who are on the word understand the correlation between brewer and g.d.p. development but there

nearby crash as nick violence flared up soon after the incidents whether at least three serbs in zurich and i set out with a local ethical beignets political analyst tell example politics believes there is a bigger picture behind me as actions. they've been doing it for years now and they've broken their mandate actually they're doing the job of all being in control government and prishtina they're doing it openly in spite of their mandate from the u.n. which is supposed to be a peacekeeping then they keep to the warring sides separated this is an aggressive show will force their way they're acting like an occupier instead of peacekeepers and they're behind the crisis in greece they're behind the crisis in iran we're seeing right now is the sowing of the new world disorder and serbia is one of the flashpoints i sense you can look at some of the stories from around the world and earthquake has hit eastern turkey killing at least seven people and leaving scores trapped under rubble about twenty people however have been pulled from that of rain earlier rescue efforts dozens of buildings co

money earned and not brought back as distinct from when you put in a suitcase and brought them to zurich i think it's partly to do with just the global situation rather than in anything in russia per se people are nervous all over the world that the eurozone debt crisis could result in the global recession. so perhaps that's all i have for you this hour but don't forget you can always find most though if you log on to a website ok dot com crash. world . series it's technology innovation all the moves them elements from around russia we've dumped a few jerks covered.

ftse and zurich smi, they are suffering as well from the same concerns, andrew, we're all talking aboutro zone suffering debt crises. ebc is not going to be playing more of a role in the markets. that's why people are worried today. >> absolutely. where do we go from here? certainly those worries that you talked about are very evident eve everywhere around the equities markets. certainly here in asia. all of the indices finishing lower again. european debt concerns continue to worry the markets. financial and energy stocks the big losers in this region. there was new economic data out of japan today. showing that it has returned to a deflationary spiral. consumer prices falling for the first time in four months. compared 2% for the previous month. no stranger to deflation, deflationary situation, really much the last ten years or so. >> yeah, i think many of the people are our generation know that pretty well, andrew. the situation hasn't changed yet. if we come back to europe, hone in on what's playing on investors' mind, another debt downgrade. moody's has now cut hungary bond rating

money earned and not brought back as this thing from when you put in a suitcase and brought them to zurich i think it's partly to do with just a global situation rather than anything in russia per se people are you nervous of all over the world euro zone debt crisis could result in a global recession. let's have a check on the markets well it's trading near its lowest in seven days and speculation that fuel demand may falter i mean signs of economic slowdown in asia and debt crisis in europe is now trading at nine to six dollars per barrel while branches that one hundred seven dollars per barrel european stocks are getting off to start to the week investors are reaching for the sell button i mean lawmakers may fail to reach an agreement on budget cuts raising fears america may face another credit downgrade. and the russian markets are sharply lower the global weakness in equities is being made worse here by the falls in that well let's have a check on some of the individual show moves in the might so it's all the blue chips a lower decline in the my sense is led by russia's biggest coking

money earned and not brought back as this thing from when you put in a suitcase and brought them to zurich i think it's parky to do which is the global situation rather than anything in russia per se people are nervous all over the world that the euro zone crisis could result in the global recession. that's all i have we have no one spots to fill in about forty five minutes from now carol that's . was the best is the compliment and mobile home is talking about creation of the of the food system the global food system is not created to feed the people of the world is created to maximize the profits. gernot trading the actual cash the physical grain and your trading promises for graeme to be delivered a month or six months or twelve months or eighteen months in the future. for his model regulator silver or gold they can be negotiated in order to some degree in the base. yet or. possibly it's not traded now but it could be in the future of the culture is that so much of it we're going to make it a lot of people in your area but the uncertain future is the eurozone grapples with the single cur

money earned and not brought back as distinct from when you put in a suitcase and brought them to zurich i think it's parky to do with just the global situation rather than in anything in russia per se people are nervous all over the world to see the euro zone debt crisis could result in a global recession. that's our outfit for this hour but remember you can always find most always just log onto our web site r.t. dot com that's for much. in some cases but all she's available in hotels a story and a little ambassador really some skills he could tell the truth from the soto patricio soto golden golden nuggets.

zurich is up the least much just over 1%. decent gains for the zee tra dax.ent amount of corporate views seems to be feeding it. it's perhaps more the corporate news flow than the political news flow. markets are waiting to see what will happen in italy. meanwhile in asia, stock markets ended tuesday's sessions with mixed results. the nikkei was down by 1.25% after exporters lost ground about the strong yen or lower. i think the 78 is not bad. the big market mover was the camera maker olympus and shares tumbled 29% after the company revealed it hid heavy losses in securities investments. hong kong hang seng ended flat despite gains in the banking sector. as for the asx 200 in australia, that finished half a percent higher. in terms of wall street, we're looking at a mixed open after the dow rallied on monday. alison kosik is at the new york stock exchange. >> stocks in the u.s. climbed at the open, then quickly slipped into negative territory before eventually rising once again. word that greek prime minister george papandreou will soon resign along with repo

moving up towards 2% for the two major markets outside the eurozone in london and zurich.espite all this buoyant sentiment, moody's is warning that the whole region's sovereign ratings are at risk due to the rapidesque lags of that debt sand banking crisis. we'll see if this rally continues. >> absolutely. it seems to be a bit of a disconnect sometimes. if you lead all the research, the latest research over the weekend, everybody is talking about the eurozone teetering on the brink of exploding. we have moody's doing down grades here. have a look at what's been happening in asia, exactly the same. big gains to start the week in asia and that was pretty much based on hopes that europe will provide some sort of solution to the on going crisis here. you see the nikkei and japan up by 1.5%. hong kong up by 2%. the s&p in australia up by more than 2%. the numbers were helped in asia by what happened in the u.s. on the black friday shopping frenzy, big numbers we spoke about earlier. that certainly helps the exporters here in asia. it could be a slightly better christmas for the

after a big run up we saw on most of the markets, a little bit of selling, only a tiny bit by the zurich up to almost .3% in the case of the paris cac and the london ftse. we have a warning from moody's. we have the european finance ministers meeting in brussels later today. there was optimism surrounding that. clearly i think the market already bought into that and is selling what really was quite a strong rally on monday. here in the uk, the chancellor, finance minister george shek ka has a difficult day ahead as he admits the country's economy is underperforming. in his budget statement osborne says he's set to miss his target of missing the budget deficit by 2015, but he will set up measures including credit easing and youth employment schemes to get the economy back on track. in march, the office for budget responsibility set up by george osborne himself predicted 2.5% gdp growth for 2012. now, on monday the organization for economic cooperation and development, the oecd said that 0.5% is a much more realistic figure, very clearly it's going to take a while to get out of this mess a

as for the ftse and zurich smi, each off by .7%. germany's third quarter gdp rose half a percent. and france, same quarter, .4% growth compared to a contraction actually in the previous quarter. but despite all of these positive numbers, analysts are saying that the outlook for the real economy in those two major -- in both france and germany is a slowdown in the coming months, andrew. >> charles, most of the leading indices in asia, too, also falling this tuesday, mainly i think as a result of the rise in spanish and italian bond yields, suggesting the still has a long way to go. stocks of companies linked to consider retail took some of the biggest hits, thanks to the bloom many outlook. the numbers there, one stock to nut a strong performance so far this week, king fisher airlines, the indian airline, its stock was up more than 5% on monday despite announcing today it had lost twice as much money in the latest quarter as the previous one. the stock in king fisher up another 2/3 of 1%. a colorful chairman deals with how to get his airline back on an even keel. despite the share

that will be keenly watched by the markets there, ftse 100 and zurich smi not up by quite as much, andrewnteresting developments in europe we've all been covering about the european commission and its weighing in on what to do about the euro crisis. it's just unveiled proposals for a common eurozone bond. that's an idea that could draw the finances of different european nations even closer together although it would require a tricky change. as jim baldwin explains, even if the idea takes off, we won't be seeing the end result for a long time yet. >> reporter: despite meeting after meeting after meeting, despite the removal of five prime ministers in troubled economies, despite vows to protect the euro at all costs, the european commission has not yet decided exactly what kind of common euro area bond could be or should be created. wednesday's proposals are for now blue sky thinking. >> we are trying to have rational, reasonable, serious, intellectually and politically serious debate. we believe this document does precisely that, and reencourage all parties now to tell their opinion. >> re