captioned by the national captioning institute --www.ncicap.org-- [>> this is the journal. welcome to business news. protesters in egypt calling for a general strike in a million strong march as the president swears in a new cabinet. the foreign minister is accused of dithering. and the israel prime minister fears that egypt [unintelligible]
he did pass a new government. the man at the top remains. the president swore in the new cabinet amid mass protests. they are promising a general strike and a million strong march. egypt's powerful army said that the threats were legitimate and it will need force to stop the protests. >> our revolution is in the egyptian revolution. as night fell, thousan of egyptians refused to budge. >> we want real change.
it could be one of the largest protests of the country has ever seen. >> of the government is concerned over the situation in the country. travelers try to get to the airport say that massive traffic jams and terminals have been filled with anxious people hoping for a flight out. many nations are organizing charter flights. thousands of tourists are in the country. the european union foreign minister has responded to the date's events to ensure an orderly government transition. it comes as a response to the events in north africa calling for a stronger stance on the government cracked down. >> europe has sent a message of support to the people of egypt.
they are not alone. the democratic egypt is the goal of many foreign ministers. they are fearful of the implications. >> we want to create stability 3 process of democratic reform. their freedom is a sign of encouragement. at the same time, it is a firm commitment to democracy. >> foreign ministers have otherwise taken a clear stance. >> no official position.
>> no way are they going to mention him by name, they just think they cannot do that. if we call for change it will be a case of out of the frying pan and into the fire. they e saying, we are talking about orderly transition to democracy. that means a new democratic regime at the top dozen as possible. >> and what about the arab nations? >> it doesn't change a lot. 27 foreign ministers and 27
nations have to come to some kind of consensus about what should be done in the middle east or elsewhere. it doesn't alter the fact that ministers take hours to reach agreement handed always has to tread softly. europe doesn't want to be trying to impose political, social, or otherwise. >> will be taking an in-depth look later on. egypt could go the way of iran. events in neighboring egypt were at the top of the agenda. >> angela merkel brought half of her cabinet to the bilateral talks.
the agenda had been dominated by business and research centers. she came with her own instructions for israel to halt settlement. given the events in egypt, being open through dialogue was essential. goshawk -- >> here we would have the same message. freedom of speech is necessary. that is what we have to demand and that is what we will continue to demand. >> and they voiced concern.
hong >> egypt is not a major producer, but monday, they could either spread to middle eastern oil producers or canal flows. the organization of petroleum exporting countries says it is concerned about will not boost output now. as was being a major transit country, it also attracts a lot of foreign investment. foreign businesses are starting to take precautions. >> the economy is feeling the brunt of the unrest with many
banks remain closed on monday. along with energy suppliers, many german carmakers have production facilities in egypt. bmw suspended operations at the plant. many of the workers are going to be flown out of the country. others have been advised to stay at home. with one person injured, the energy giant has evacuated around 90 staff and dependents. so far, the waterway has continued to operate as usual. tourism is one of the major revenue earners.
there are reports of some cancellations, but it is not yet possible to assess the potential damage. >> the trouble in egypt is also causing ripples on international stock markets have given them something of a hammer in on friday. i ask the the wall street correspondent tal monday is going. >> of the mood has stabilized a bit here after we saw the decline in the friday session since mid november. the volume is incredibly low. there are probably mass protests planned for tuesday. the mood remains cautious, but we see a bit of change after on
friday.n% >> the instability in egypt caused some instability on european markets on monday. >> you have to look at the dax to see it wasn't a simple day here at the frankfurt exchange. people are unsure what will transpire, what will the situation developed into, and what will that mean for the world economy and the oil price that is so important. in the end, thereas relaxation. while street to get a little bit more easily. -- wall street took it a little more easily. >> let's take a closer look at
market indices. the eurozone blue chips closed downwards at 2953. dow jones at [unintelligible] women in top management positions are few and far between in germany. the labor minister is wanted women on the supervisory boards of major corporations. >> he's the senior executive for one of the largest advertising agencies. she is still an exception. in germany's -- 29 are occupied
by women. if that is about 3%. the law requires businesses to put women and at least 30% of top executive posts. the family affairs minister prefers a more flexible approach that wille companies determine the numbers themselves by 2013. most german companies oppose the idea of setting quotas. >> they cast their votes in the rigid security is tight. for the first time in the country's history, a woman was on the ballot. it seems unlikely that they will
achieve an absolute majority. here in germany, it is being investigated for negligent homicide. the man is currently being treated as for injuries sustained in the crash and has not made a statement yet. >> almost all vestiges of the train wreck are now gone. experts are analyzing the driver of the freight train. the implication supports the initial suspicion. it might have possibly ignored a stop signal.
passenger advocacy groups say that more controls are needed to improve rail safety. >> it could have prevented human error. it works. it has been proven to be reliable. >> the operator says it is not at fault. automatic safety systems are only required when they exceed 100 kilometers an hour. >> imagine a crawl through the mud and a scramble under barbwire. 40000 people have done that this year in england.
>> it was preceded by fitting battle cry. the tough guys were of honor race designed to put them through their paces. -- who were off in a race designed to put them through their paces. the endurance was tested by an assault force involving barbwire, ice cold water and mud. there were women among the tough guys, too. german too -- this german took one hour to conquer the course. it is the first non-british person to win. >> [unintelligible] >> it was a testing race for all of the participants.
>> with criticism leveled at the eu, there was no coherent message from brussels. egypt needs and democratic reforms. >> we stand on the side of those fighting for democracy and freedom of speech. >> this sentiment represents a significant change. europe looked at the egyptian regime as a look of stability in the middle east. it earned them respect and the west, which turned a blind eye to oppression in egypt and tunisia. >> the interests are more
converging th the government than with the people. era of autocrats are allowed to live box -- buy blocks of luxury real estate in paris. it has to support those that stand for democratic structures and the rule of law. it appears that the european union connt tstanon th sidelines. the >> have called for free and fair elections, -- they have called for free and fair elections, but isn't that too little too late? hong >> they are trying to find a new policy, and it is not easy
to find common ground among more than 25 member states. there is a time of uncertainty that we can observe in brussels. europe has supported all of these dictators and the seemed to be going. it is a very difficult issue. i believe that most european politicians believe they can solve the problems themselves. hong >> do they make a difference? >> we have to be realistic. not because people does like democracy, but because they are disappointed by european politicians preaching democracy and in reality, trying to find their way out with any dictator
as long as he is pro-western. this attitude led to a disillusionment. most arabs say we like to be supported by europe. but wedon't want a direct interference. we will decide who will govern us. >> israel seems to be concerned that egypt could turn into another iran. is that justified? >> i don't think so. the egyptians are very much disappointed by this dictator and they d't want to see it replaced by another one. don't forget that arabs have observed very closely what has happened in that area over the
past few years. they know the reality of saudi arabia, a very staunch, reactionary state. most egyptians detest the system there. i don't think an islamist government will get support from egyptians. >> harvey's cases similar? >--are these cases similar? >> said there is a big difference because he did is the most important arab country besides saudi arabia. it makes a difference with what happens in egypt andunisa.
>> much of the change that has taken place was unable to buy the internet. a blogger is now in gover nment, and 2 months ago would have been jailed. >> national pride and protests go hand in hand. she was reporting on social reform and a new political system. the revolution is still not over. >> [unintelligible] >> she writes about media restrictions. she has written about police
>> there have been constant clashes between demonstrators, the police, and security forces. after today's actions, she has documented the events in the interior minister is promising an inquiry. >> they sent some militia to break everything. and say that the demonstrators are breaking everything. but it is not true. it is the police and the militia who are doing this. they can't stop the revolution. we will do everything to preserve this revolution.