we in europe have enough ourselves to explain why europe is as it is. and in doing this, we don't have time to provide the u.s. with any advice. the last question. >> translator: hello. with regard to tax havens and tax evasion, we've been able to read today that you, mr. schaeuble, have obviously -- >> right. okay. they're on the last question, talking about tax havens again. let's bring in mary jo over there in houston. mary, the first time they've had a formal press conference together, secretary lew saying, you know, they have an immense stake in a strong europe, banking union is key for ensuring long-term stability for the eurozone. i wonder how much frustration you think there is with the u.s. administration with the lack of sort of problem solving in europe and the lack of growth. >> well, i think that, you know, it's apples and pears. that the united states, of course, is a single economy with single -- more or less single macroeconomic policies. europe is a collection of different countries with different approaches and without the central powe

they did not like her approach on europe, moving, it seemed, britain away from europe. >> what was the reason for her stance? why was she against german reunification? >> her attitudes toward germany were very much rooted to her experience in growing up during the second world war. her hometown was bombed. she once told the former german president that her view of germany had not changed since 1940, as strange as that may sound. i think she was worried by the prospect of an overly mighty german economy under reunification. she worried that the new germany might outshine britain within europe, so her attitude to germany was sort of dominated by those concerns. >> you touched on these concerns a moment ago. thatcher was a great eurosceptic -- euroskeptic. that attitude still lives on. >> she did not see europe as a visionary idea that would take things forward. she worried that if britain. too involved in europe, that would undermine the so-called special relationship -- if britain got too involved in europe, that would undermine the so-called social relationship written had undertaken w

now europe has to be in a big. part of russia and the incremental in also you saw dollar europe the heat on russia and it was all a huge you know i can sort of like. twenty to thirty or forty basis points from a real g.d.p. growth came from the slowdown in the real europe so what's important to the is the key prices for for energy and it's really driving for the by really you know the huge growth nobody expected huge growth in europe so if you see european central bank which mean more and more accommodating seeing other another central bank that would obviously help especially that what we've seen now with the recession it in place inflation is easy so it's quite comfortable to try to make some some more force on the on one of the models we'll see more sort. of the split in the big surprises you know all eyes will be will be in russia russia this year because oh he's working on the budget through and i hope to continue to have some begin effect on this here because the main the main osi comes from this year but lon

it was -- on one level becoming europe's uncertain about what happened to europe and why it is now regarded as the sick man of the global economy. the book is also about how some of these cultural and economic trends, how will change particularly of the last five years. america is seemingly a drifting in this direction of economic your position because whether it's colossal levels of debt, the increasingly unaffordable welfare state, low economic growth, double, even triple recessions, except for comex the trip. the present economic crisis reflects some deeper truths. and not primarily because of the external pressures, but rather because of some of the inherent contradictions in this functionality that is encouraged by what i call european economic culture over a long amount of time. now, all of that is saying that america's economic culture as i call it continues to drift in the same direction. i think we can assume safely that over time some trends that we see in europe will start to manifest themselves in the united states. that, i think, is what americans mean when they use phrases lik

were talking about which is a europe based on cooperation europe based on trade a europe based on nation state democracy i think that vision is one that can only grow in support as the years go by. there's a report very shortly that tough economic times are hurting even the most vulnerable. here i feel like. laying on a gay teen and the blade back and i don't doubt it's going to drop or not. thousands of disabled in the u.k. could soon be forced to prove to the government they are disabled enough to get the money they need to live. in the us military is being forced to admit almost daily that they gone tunnel bay hunger strikers are increasing in number but their official figures still lover than that claimed by lawyers who say the majority of the one hundred sixty six detainees there have been starving themselves for nearly three months the official figures rose exponentially of the prison guards try to break up the prison as protest get moes official say ninety two detainees are now refusing all strewed with seventeen being force fed and two in hospital and there have been several rece

money injections but europe can't do that the e.u. and easy can't do that because they really don't have a banking union and they don't even have a banking supervisor in the us but just check if you had money in a bank for night it's late he had money to back tonight in slovenia would you be worried about it would you be worried about the fact that what we've seen happening over the last month or so in cyprus could be happening to banks that some point pretty soon or i wouldn't consider i'd be starting preparations and you can bet people in italy still mania certainly portugal strang maybe even hungary are thinking about that and that's not to say that even some of the french banks are going trouble credit agricole and so for barclays in england certainly investors with any kind of sense rather europe are thinking about where can i pull my money out just let's slow down economies tom truly against this any lessons to be learned from iceland people said they they wouldn't go with it they didn't give in to pressure can we learn any less

europe bottoming. you take europe bottoming and see big leverage from the cost takeout here at ppg. stay with cramer. >>> coming up, shocking the street. industrial giant eaton was on the rise today after reporting. can growth in its electrical business help lead the charge higher? or will it run out of juice? cramer's earnings exclusive with its ceo is just ahead. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reducing waiting time. now a waiting room is just a room. [ telephone ringing ] [ static warbles ] [ beeping ] red or blue? ♪ i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you p

weakness across europe as investors await tomorrow's monetary policy decisions in europe and japan. moleskin makes a tepid market debut in milan. but the ceo of the classic notebook maker tells the show he's confident despite the political stalemate and china tries to dial down tensions on the korean peninsula as south koreans are barred from entering a joint industrial zone. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> quick check of the u.s. futures. a decimal point is off here because we're looking for a higher open on markets. in the range of about 10 points or so for the dow. 20 points or so i should say at the nasdaq and s&p 500 are pointed toward small gains as well. european markets started off broadly weak today and that has pretty much been the story. overnight the nikkei adding 3% did help to boost the cnbc footsfoot ftse 300. weakness in the italian market where there's been the ipo of moleskin. the much anticipated debut. that company shares are just barely higher trading almost bang on that ipo price. so how d

europe stopped imploding, contrary to what the bears expected. the government have been able to pay their bills. the banks are solvent except for those in cyprus which were crushed. it didn't cause any bank runs. they couldn't hire actors to get the runs looking like something. i haven't met able in europe, not for ages, but things will stop getting worse over there. stabilization is coming. whenever there is turnover anyway, whether it be europe or japan, where they are crushing the yen, and the rich want their money here. who can blame them? it's nicer here. the sequester turned out to be a brilliant nothing, really and because it revealed there is no room whatsoever for the president to get anything done, maybe ever, if the republicans control the house. if they win next time it's going to be like this all the time. this is called red lock and we had it in the '90s and it was the best form of government because governmental uncertainty is among the biggest reasons why business is weak and it's a major obstacle to stock price appreciation when

you heard china, good, europe bottoming, you take europe bottoming, you see big leverage from the cost take here at ppg. stay with cramer. >> announcer: coming up, shocking the street. industrial giant eaton was on the rise today after reporting. can growth in it's electrical business help lead the charge higher or will it run out of juice? cramer's earnings exclusive when its ceo is just ahead. . . [ music playing ] >> in a moment where everyone is looking at the earnings season by who is getting hurt by europe and who isn't. you need to learn there is more to the puzzle than mere geography. you know what matters? execution. at the end of the day, we like companies with great management. they are run with people with long track records with great results. take eaton, they reported today that manufacturers everything from control box, power management system, hydraulic truck transmissions and aerospace. in part, i like them because at the end of last year, it bought cooper industries. a $13 billion deal that gave the company a lot more exposure to the electrical side of the business an

and that is something europe can build on. so how the european union engages with the rest of the world is a major test of its authority and credibility. will the union allow its current economic difficulties to undermine its commitment on the great global challenges of our day, hunger, poverty, human rights, climate, justice? i hope not. will we reaffirm, rather, the general idealism at the heart of the european vision rededicate ourselves to attacking these problems in solidarity with our partier ins? i hope we do. indeed, how theyry place our goals and respect our diversity and recognize different parts to development and have human rights at their center will be a major test not only for europe but for the global community. i believe that a european union that has the courage to face its past, including its darker periods of empire, with honesty and its future with the commitment of values that are inclusive of all humanity, with a discourse of respect of diversity has a profound contribution to make not only to its own ci

vienna, 1900, was one of the intellectual and artistic centers of europe. in tracing modern art's emergence in the 20th century, vienna embodies, perhaps more than any other city, the struggle to break with the ossified traditions of the 19th century to achieve a modern art, an art for the 20th century. turn-of-the-century vienna was a prosperous and technologically advanced society, peaceful and secure, the center of the austro-hungarian empire, ruled over for more than 50 years by the last of the hapsburgs-- emperor franz josef. franz josef symbolized permanence and stability. he cultivated a status quo, based on a bureaucracy and state censorship, which exerted a virtual strangle hold on the capital's cultural imagination. artistic life was dominated by the baroque history painting of the fine arts academy. architectural endeavor aimed at creating a sense of continuity with a grand past. the town hall-- late gothic... the hofburg theater-- high baroque... the parliament buildings-- classical greek. against this background, artists and architects across e

europe demand for the crisis are replaced. it's a question about ben bernanke at the end of january january 2014 will want or will be reappointed for another term. what is your betting on that? >> guest: i think it's quite unlikely. his friends say he's more now. i think he is ready to write a book of his own. if you hook it a bigger advance. >> host: i think you're right. >> guest: he's ready to step down. the president thinks him to stay. >> host: did he think would be on the short list of successors? >> guest: the names that have to be considered front-runners, the vice chairman of the fed, and a fed governor. barack obama appointed once to the vice chairmanship. she clearly is a favorite you have to take seriously. larry summers is a farmer treasury secretary, accomplished economist so confirmation might be a little trickier. you wonder if this hardcharging style he has, how well it would work. roger ferguson under alan greenspan had ties to the financial world, that is a very credible possible candidate. people mention ti

>> look, europe. it's europe. -as a member of a german government i am condemned to cooperate closely with france. [laughter] >> you can't -- no. i have to tell. european history. the core of european integration. you can't get -- once i had a discussion with a good friend, actually in finland, he told me, should divide the euro zone? how to divide. it's quite interesting but answer one question. in which part is france? he thought and then he said, you are right, we can't. if you look at every member of europe, it's clear. key for europeanen france a integration. it was in the beginning, and it remains. therefore, when my french colleague came to berlin the day after he was appointed, we told, oh, what a silly decision of french voters. never vote for a bipartisan. the difficult at the we have to work together. we are condemned to work together. the french and the german. i just have mentioned that france -- you have to understand germany, and maybe the most difficulty. you have to understand france, and in franc

europe freely. coming up later this hour the pressure that ukraine's former prime minister yulia timoshenko could soon be charged with murder she's already setting a seven year prison sentence and this could see her behind bars for life. plus we'll look into why americans are losing faith in the world presented to them by the u.s. media houses the details of that of trust ahead. welcome to the future what makes computers these days so super is a memory for that russian researchers have got a few ideas that could make cognitive computing a reality while the processor got a radical new architecture that promises unparalleled power design for the stars and is that got you all hot under the collar don't worry because the latest cooling systems ensure neither you nor the globe's top super computers break a sweat don't you hear. we've got the future. oh oh. oh oh. oh . this is on the line from mosul combine crowds of textile workers bund cars and clashed with police in bangladesh over a massive building c

europe putting in the bottom. the bottom comes from the understanding that the leaders of europe will bend on the austerity issue. china put a damper on the spending, but it's behind us. inflation numbers are low enough, to stimulate growth. japan could have low growth now that the central bank is putting money -- did you know they used to be huge buyers of our tech? china, too. the gdp for tech is on. it's a function of the gross domestic product. it's working. the consumer spending is getting more robust. second reason, valuations. they're insanely low. insanely low versus the worst historical levels. i had a conference call with charitable trust co-host, stephanie, a cnbc contributor, and we were marveling of the old tech stories, the old ones we know. they sell at 11 times earnings. do you know that oracle, intel, and sisco, even apple -- apple is actually 10 times earnings. hey, you know, back out the cash, it's just ridiculously cheap. western digital, 6 times earnings. i mean, seagate private again at that.

had lost their trust in europe back in zero seven and two thousand and twelve almost sixty percent in italy it was twenty eight percent you skeptic five years later it's more than half paul hampel from the alternative for germany party says the figures aren't a surprise given all the mistakes europe's movers and shakers have lately been making. the petition them to give them in the european union especially in the euro states has done such a lot of things wrong and. misuse of treaties we made and doing it will be kept all the time that there is no faith and evil in in our experts to stabilize already even to defeat the crisis some hundred years ago the german williams a second said the german spirit will use the problems of the world and. my impression is that we try again you know to do europeans as you must do with the german way but the other countries especially in southern europe vote you go to play in greece italy and france not to forget the count do it that way because they have a different economy and they have to find their owed their own to which one of the most important t

coming up europe's human rights court rules that ukraine acted illegally by jailing its former prime minister later in the program and we'll look at whether that decision could change anything for you to change is incarceration plus to the e.u. is it working jobless rates reaching record highs especially among young europeans substory are abandoning their homes to make ends meet they're going to other countries because their story too right after this break. well. it's technology innovation all the developments from around russia we've got the future covered. international airport in the very heart of moscow. fellow gamers are mentioned just now europe's latest unemployment figures are in and they don't make good reading the rate in fact up across most of the european union in march according to euro stat well you can see the figures are disappointing and rising year by year they go spain and greece being the worst affected in greece the numbers now watering twenty seven percent while spain is not far behind both have more than one in four people are unemployed right now and paper is

inflows in europe. i would say this is stabilizing and it's our expected ranges of outflows in europe. >> where are you in terms of transforming the business? why are you in terms of reducing risk rated assets. i saw that increased slightly. why is that? >> the investment bank operated within its limits up 70 billion. so up 69 billion. it was an increase during the quarterch wasue to technical factors. some diversification benefits that we add hold within the investment bank were fast into corporate sentiment. but i think we deployed the risk assets to facilitate clients' business. >> ross, analysts and investors are pleased by the fact that inflows into its core wealth management business were the highest since 2007. 15 billion swiss francs. so we are back at precrisis levels and according to analysts, this shows that client confidence has returned in all regions. >> all right. car carolin, stay there. joining us in studio, from the "wall street journal," clearly big outflows during the crisis. . in fa

twenty three fifteen on the button there in moscow thanks being with us this is our team next now europe's latest unemployment numbers are in and they do not make good reading the rate indeed went up across much of the european union in march according to eurostar as you can see let's take a look the figures of the disappointing rising year by year specially in spain and greece greece actually being the worst affected in greece now the number is now watering twenty seven percent as you can see there spain is not far behind though both have more than one in four unemployed right now and for young people is much worse as well the jobless rate for them is more than double the national figure is artie's tests are still reporting on why it takes more than just numbers to see the true extent of the damage. the unemployment rate in the years old has recently shocker twelve percent of for those aged twenty five and below in countries like spain and greece that number is as high as more than fifty percent with very little signs of any economic improvement now for those who are looking for a job tha

the city is not dissimilar to th former coal mining areas of western europe. soccer is popular here. the stadium co-host of the european championships. but they do not just mine coal here. close by is one of the biggest salt mining areas of europe. salt has been mined here for 130 years. that has left an underground labyrinth 300 meters below the surface. it is a little spooky. what do you do with so much empty space? how about this? one of the deepest soccer fields in the world. but who plays here? a few hundred meters further on, we find the next surprise -- people live down here. and they are doing gymnastics. >> we blow ourselves up like a balloon. and we let the air out again. >> welcome to the sanatorium. courses of treatment for lung conditions last three weeks here. patients live and sleep under ground. they go to the surface twice a day to shower and for meals. most suffer from asthma. >> i was scared at first. i watch a lot of horror movies. if you have that stuff on your mind, it is pretty scary here. but i am used to it now. >> her grandmother says

buy europe? >> i would disagree with that. >> yeah -- >> i just don't see how europe -- >> i like europe. i like europe for the same reason i liked the united states in 2009. at some point, they're going to start doing stimulus, but they've seen what it does over here, and this austerity has a price. and i don't think the german people, once they feel it for a while, are going to want to have it for very long. >> the problem is that europe does not have the same sort of monetary structure. there's not a united states of europe that we have in the united states. so any sort of stimulus action cannot be, by definition, as impactful as it has been in the united states. i think europe's in a bottoming process. recovery process? i think it's basically walking dead for a period of years. >> let me get jeannie in here. how are you investing? $1.58 billion in assets under management. what are you doing with it? >> well, we sure don't want to leave the stock market. we are in a strong, bull market. so we

and europe overstayers in the epicenter of all so how does russia avoid this scenario what can be the solution is to avoid that little lady. while that little lady right there are two ways of going about it right first of all of course we need to kick start the economy and president putin really asked the government to come up with a concrete plan for doing that and it could include things like spending on infrastructure projects from one of russia's to solving the wealth funds could also be a special lending program for corporates but it has to be carefully done there because it could potentially stimulate the inflation and the central bank already declared keeping the inflation under the lid as its number one priority now what it comes to balancing the budget the state already said that it plans to sell stake stakes in its major enterprises including araf lot wrong as nafta wrong as telecom and bear bank and of course these are blue chips so they're likely to see a lot of demand under favorable market conditions of moore's but all in all we're seeing a lot of pretty cool. and select

europe was not worried about it. does that mean that we bottom from a sentiment stand point which will lead to higher market and that we don't really care if we bottom from an economic standpoint? >> i think -- the people you talk to say things haven't gotten any better, they're worse. >> the they stunk. >> right. 2 numbers, still at an all-time high, 12%. by the way, before the whole european continent blew up, italy didn't grow their gdp for ten years. so why in this type of environment will they grow it at all? >> cry have a look at what mario monti has been able to accomplish in europe and in italy in particular. and that has been phenomenally reforms that he's put through. and we think those reforms are really what's going to start growing the european market what's going to start leading to growth in italy. >> what if the reforms were reversed by the incoming administration in italy? what if you get a comedian as the president of italy. >> only italy could elect a comedian to lead the country. >> when you look

the eu says it believes hundreds of radical islamists from across europe are in syria right now, and they are worried that they could pose a serious threat to security here if they return. >> syria's civil war rages on for a third year, and a growing number of islamists from europe are joining the number of rebels fighting to topple the assad regime. german federal police say it is the same development they observed in the afghanistan war. >> we are not surprised we are seeing young germans in syria. also fighters from france and britain. we think there are some 40 to 60 fighters who come from europe. >> experts think the number of radicalized european fighters in syria may even run into the hundreds. they are smuggled into the war zone by professional recruiters. islamists active in syria are financed by backers in countries including saudi arabia. >> they are not booking their tickets at travel agencies. that is clear. there are middlemen who are of arranging the strips. >> what alarms terrorism experts most are calls for the volunteers to return to their home countries including g

>> look, that's europe. that's europe. as a german, member of german government, i am condemned -- [laughter] to cooperate closely with france. [laughter] i will tell you -- [laughter] you can't -- no, no, it's not a joke. it's european history. it's the core of european integration. you can't build it. once i had a discussion with a good friend, actually, he's prime minister of finland, and he told me, oh, wolfgang, shouldn't we divide the eurozone? how? oh the the divide? southern part. it's quite interesting. but please answer one question. in which part is france? [laughter] he thought one minute, and then he said, you are right, we can't. if you look at a member of europe, the answer's clear. cooperation between france and germany is a key for european integration. it was at the very beginning after world war ii, and it remains. therefore, when my french colleague came to berlin the day after he was appointed, we told, oh, what a silly decision of french voters to vote for a socialist government. and he said, yes, it'

leaders have been denial about the human costs very policies that have been pursued across europe and sued here in north america but this question recently passed. what we need to do is take into account the help because it's had austerity but run it like any other drug trial it would have been discontinued because of its side of. europe's human rights court has ruled that ukraine acted illegally by jailing its former prime minister thanks in the program we'll look at whether the decision could change any of the two missing because incarceration plus. as extra medics are shipped into guantanamo to deal with the worsening hunger strike that psychiatric expert tells us why there is only one solution to the prisoners protest all that after the. world. since innovation called the list of elements from around russia we've got the future covered. about international airport in the very heart of moscow. welcome back. u.k. it could be lighting up a military return to the persian gulf countries for decades after closing its string of bases in the region the inferential the british think tank m

based on cooperation europe based on trade europe based on nation state democracy i think that vision is one that only grow in support as the years go by. this is r.t. and greece is again turning to for some cash it wants to hold germany to a promise made to stump up the reparations dating back to the second world war but berlin which has already provided the vast majority of a two hundred forty billion euro rescue package given to athens is refusing to talk about it more on the actions some european countries are using to ease financial strain when i was joined by dr frank up a tree a spokesperson for an anti e.u. party the alternative for germany good to see today thanks for sharing your time with us here on r.t. and germany was supposed to promise to pay back money it owes back to the days of world war two once germany was reunified some are saying the burden isn't even right to decide what do you say about that. i know because all the well they're going to germany is quite a new article so i just heard about this news from greece and find it strange because we should be separate b

and europe, energy fracking. if you look in europe it's totally different to the united states. of course i will not compare the united states to europe. if we are honest about our demography, our population is -- and it's becoming older. we are aging. sometimes we say europe is aging and risk-averse. if we will achieve a moderate sustainable growth in germany for example what i've said years ago publicly, i don't expect more than the long-term sustainable growth beyond 1.5%. of course in some member states, in the eastern member states of europe there is much more necessity for higher costs. .. may not rely on high confidence. says much more dynamic. totally different to united states, of course, and now the situation is different. in europe we are working for sustainable growth possibility. we have the most -- we have been criticized that the euro created so much new year obviousity in markets -- so much nervousity in marks, -- markets, and i'm quite convinced the european population will sustain. a lot of -- some member states, a lot of political problems, but even in your na

. >> how is mission europe going down? for more, we go to our chief political correspondent, melinda crane. tell us more about his reception. >> it was friendly. the chancellor definitely praised the steps taken so far and she welcomed and wished letta a lucky hand for the sake of europe and germany. she was quite firm and made it clear that germany would be sticking to their guns as far as the need for continuing to cut back on that and get finances in order. mr. letta also is saying that he does want the governor in harmony with germany saying that he would be asking the chancellor to share some of her experiences as to how to manage a grand coalition. she had one in her first term of office and he has one now. he was also staking out to rein saying he expects europe to be more proactive in terms of growth policy in the future. >> it sounds like he's not planning to deviate from the austerity course. >> there is recognition here that the italian coalition is fragile and there is recognition that berlin is looking increas

the open europe independent think tank thanks for joining us here live on r.t. nearly fifty percent of young people are employed in greece and spain where these countries in europe heading well it's clear that programs for for for these countries are not exactly accessible unemployment is always increasing specially if you look at youth and employment we can see. that one to two entry for unemployed so i think it's very very concerning. and there's a human cost to this austerity isn't there as i mean households are really struggling with their income what do you think e.u. leaders should actually do to address this to fix it. well one of the interesting figures is that german unemployment is also going up so whereas the current plan is germany has to bail out the rest of the eurozone and the germans or selfish that's sort of the hidden message that you hear they're not willing to build them out although they are able that's what some people claim well this message is being debunked by the figures we see that germany. is suffering as well its economy is not doing

this created the situation of more of the population is really upset with europe europe was unprepared to handle its amount is discharging their responsibility of about mismanagement on the population asking the people who are normal people the normal people i mean the those who are employed not the rich people who don't have people to pay for their. handling of father you to be finances and most interesting and this is something that is generating enough to europe say for sure in france as well as the need to be as well as a spade in portugal and greece and everywhere else let's look at the example with iceland the people there refused to give in to pressure by international lenders that now the economy has been back on track could this also be a way out for cyprus. the iceland case is. different from the others because as them has basically refused to enter into a deal of giving up their civic duty to the e.u. there are certain certain rules in exchange of some kind of support but was not a bailout in the terms like the cyprus one has taken place on the board of the ones that complet

though europe has to be a big. part of russia and the incremental in also you saw dollar europe the heat from russian the people who are huge. like. twenty to thirty forty basis points from a real g.d.p. growth came from a small the only real in europe so what's important to you the key prices for for energy and it's really driving for the by really you know the huge growth nobody expected huge growth in europe so if you see european central bank which mean more and more accommodating would be seen other than other central banks that would obviously help especially that what we see now with the recession is the place inflation is used to so it's quite comfortable to try to make some more force on the on a moment's. thought. all this but in the big surprises all eyes will be will be in russia russia this year because all who are working on the budget through and i hope to continue again effect on this year because the main the main also you've heard comes from this year but longer term it's always the very right thi

europe having a setback after a fairly good run. it all adds up to mediocre growth and the eurozone not coming out of recession. as we learned from le britain today, britain is probably stag nating. >> what's different about the world today relative to, say, 2007? i know in some ways it's an obvious question. but in some ways, it still feels like the u.s. and china are the economies with momentum that are sort of the marginal factor out there. >> the u.s. and china are the economies with momentum. but the big difference is in the u.s., we are looking for growth around 2%. because they are in a period of fairly lean years. in china, growth is strong but as they have advanced over time, become a bit less -- now growth is 8% rather than 10% in 2007. and as for europe, we are making a lot of progress in repairing fiscal balances and competitiveness at the rim of the eurozone. but that process is painful and the pain will apparently last two parts of this year. >> do you worry that europe is getting less behind? >> actually, not. europe

now russia is celebrating cosmonaut it stated a marking the first manned flight into orbit by europe guarin nine hundred sixty one and fifty two years later the country still has big a big space agenda from building a spaceport from scratch to reviving the moon program all the details now from. this snow only looks like a pit dug in the middle of nowhere but in just two years time this will become one of russia's top priority facilities tucked away deep in the tiger forest in the russian far east this is the construction site of russia's brand new spaceport the us and the vicious project worth ten billion dollars it will become the main and the sole launching pad of all russia's manned space ships starting from the year twenty eighteen but the first test launches are expected to start in just two years time and will replace in many ways the baikonur cosmodrome which certainly belongs to kazakhstan and the geographic location of the draw me is much more convenient. baikonur it's understood that when a space ships to take off some parts disconnect from the vessels and fall into the gro

well the debt crisis engulfing europe maybe starting to literally cost lives i couldn't explain hind a major study say that as many as ten thousand people have committed suicide due to financial ruin david stuck there from oxford university who is researching the impact of austerity economics on public health says politicians are risking more than they realize. we've seen in studying recessions over the past century and the focus on the present crisis is that recessions hurts but when politicians respond with the cuts so vital social supports they can turn those recessions legal in the worst case we've seen greeks after rate cut its malaria prevention budgets we saw the return of outbreaks of the country and kept under control for the past four decades you seem to be impacted spike by over two hundred percent at a time when the h o p budget was caught similarly we've seen across europe austerity produced series of epidemics from suicide for on access to health care to berkeley well south groups even can get bigger so far europe's leaders have been and denial of off the human cost of

so another day another round of demonstrations in europe people come out. with the way things are going that they won't change and they won't change to come quickly. and one member of the manage trade commission in the european parliament believes the troika forces countries to agree terms which don't favor them i think that the way that europe is handling this crisis shows that they're not really in this to handle a crisis but just to increase the amount of power that they have over the member states and we can see that with cyprus they know they're losing their independence it doesn't matter for a commission if things go wrong because you know they will still be there the next day. the everyone in such a country is looking for a solution and therefore they are willing to accept a worse deal every time and yes i fully agree that we should get rid of the troika let's not let nothing get out mr young cosette who was the princess or of mr di saloon we said well we do take important decisions during the weekend because you know people don't take don't don't pa

or europe is that would be a big. part of russia and the incremental you know also you saw dollar europe or the huge what russian did it was all a huge. twenty to thirty or forty basis points from a real g.d.p. growth came from the small the really europe so what's important to keep prices for for energy it's really driving for the really you know the huge growth nobody expected huge growth in europe so if you see european central bank which mean more more. some of the. other another central bank but obviously who help especially with what we've seen with research in the place inflation is used to so it's quite comfortable to try to make some more force one on one and more this will see more so. in the big surprises you know all eyes will be will be in russia russia this year because all who are working on the budget through and i hope to continue again effect on this year because the main the main osi comes from this year but longer term it's always a very right thing to do you know we we much appreciate it the thing

he is pro europe but once them to soften their stance. he will be steering the third- largest euro zone economy out of recession. german constitutional court ruled that the government needs to make changes on how it handled anti-terrorism information. in 2007se that up consolidates information from both police and the country's intelligence services, who have special powers to delve deeper into the private spheres. judges said information gathered in breach of privacy rights could not simply be made available to police except under exceptional circumstances. >> a berlin museum reopened on wednesday after an extensive overhaul. the main draw remains the room where nazi germany signed an unconditional surrender in 1945, ending world war two in europe. but the collection has been redesigned to shed greater attention to the suffering the nazi is brought to those in the soviet union, both on and off the battlefield. >> and fans celebrated into the night on wednesday at the their team upset real madrid in the fourth leg of the champion the semi

europe's second largest kamaal cut russia is shifting into law gay or after climbing by more than ten percent last year so there's a new cause and russia have dropped by four percent this march south of lot of us from the market leader off the loss of down seven percent but that's not as bad as foreign car sales in russia nissan dropped one fifth volkswagen decreased fifty amp sound for the chevrolet fell by a tenth the biggest losers citron and mazda who sales slumped by a third car dealers say it's because the market is now saturated as those who wanted to buy a car have done a juror in the post-crisis years but market players say the drop mirrors a slowdown in economic growth and security. because in my mind europeans are a little bit unsecured what we see at the time in vista is there are problems in different areas and this makes people a little piece which i still think that russia is a great but. i still absolutely sure that russia will overrun the in the next four five years germany is the biggest. copper and use one for russians owns a car that's three times less than in the

it's not like everything's easy for us we were called the sick man of europe ten years ago we had these hearts reforms we had a lot of difficulty you know we had our east west property bubble and we gain over that but you know we've made the the discipline surest to crack down and we're in if you now that other countries are running into trouble as well they have to. get billed out and we expect the exact same thing to happen for them so you know if we're going to get some money then we expect there to be so much some pain obviously some sacrifice ok so so so west germany or germany is looking at the euro as a repeat of assimilating east germany into their economy and this point is not lost on everyone else in europe who believes that germany feels it's their duty now to assimilate the rest of europe and there's a lot of antagonism now like germany you know get out of our face we don't want us simulating us into your economy and germany is saying well other that if you don't then we're going to turn off the spigots at the e.c.b. and the troika and you're going to die from vonage terry s

we also know the growth across europe remains fleeting. i guess we should say isn't there at all if you believe what the pmis are telling us. the ftse mib adding about 0.6%. while italy and is spain debt is getting a bit and italy falling potentially below that 4% level, spain below 4.4, at the same time, we're seeing a rally in some of the safer havens, as well. yield falling to 1.65. over here, this is potentially the story of the day. the ten-year german bund touching, edging towards fresh historical lows. one had it below 1.20 earlier in the session, so we'll keep a very close eye on this one. a quick update on for ex, as well, the yen backing off that level today giving up about 0.5%. what does that mean for asian markets? let's get straight out to li sixuan who joins us from singapore on. >> thank you, kelly. the latest hsbc flash pmi data signaled that growth in china's manufacturing sector has slowed in april. weak export orders revived jitters about global demand pushing mainland bourses lower by over 2%. a look at the reports her

and the people coming out from europe. by the time you get into the 19th century, though, you are able to start building railroads and the telegraph comes in and distances are sclihrinking increasingly as this happens americans are moved to a global system. it's all about the shrinking of space. the geography is driving the story, but what the geography means keeps changing. >> so, if you look at china, most importantly in india and to a lesser extent rising. at the very time that you are having this dramatic shrinking of space, does it, does it matter as much? will they -- will it have the same kind of impact the rise of the west had? >> i think it will. we have this long story here where we're seeing similar kind of processes unfolding in different parts of the world. so, first of all, you have the atlantic ocean shrinking from about 1400 and pushes the west, western europe up to the top of the pile. atlantic ocean shrinks more, north america kind of sclihrink too, in the 14th century. this pushes north america to the to

then also in europe, it's been interesting and more globally, but particularly in europe you've seen fast moving investors anticipating flows out of japan to other markets. so you've seen the tightening in france. in terms of, you know, high convictions you might -- my highest conviction view is that the yen should continue to weaken. if you look at the logic of what the bank of japan is trying to do these very large actions, you know, it's been a long time coming. but to try and address the embedded deflationary dynamics, the clearest way for it to work is via the exchange rate channel, trying to weaken the exchange rate channel and boost export competitiveness. so i think the highest conviction view is to be short the yen currency in terms of jgbs, the levels clearly are very low across the curve, but with the japanese central bank being so aggressive, you know, don't probably fight the boj too much, as well, in terms of jgbs. >> andrew, thanks for that. have a good day and week, andrew bowles from pimco. >>> the chinese leader has said he doesn't think china can sustain super high

their way of life in the way islam is an accepted on not insulting contraries we have in europe today some kind of a backlash against the motive going to royal society we used to be. or indeed seventy's in a days and no we realize that the multicultural society also has a lot of drawbacks so there is a movement within europe and societies today to go back to a more conservative approach to going to round them in all sorts of questions about big place obviously in europe and society but to put israelis but taking a more conservative approach by taking a more conservative approach to that to that of the islamic communities in france is taking the conservative approach the right way to do it we are we i mean viva french state and most of the native french people we know where the more conservative approach of the moment to go to a society in the sense that we feel we have maybe not been conservative enough saying to those young muslim people you are living in france and you should have by by the nose of course but also by the codes of the mainstream culture. all right fair enough you're

based on cooperation europe based on trade europe based on nation state democracy i think that vision is one that really growing support as the years go by . i from moscow this is r.t. u.s. officials are now admitting on an almost daily basis that the guantanamo bay hunger strike is on the rise but lawyers for the prisoners claim the real figures are still much higher with the majority of one hundred sixty six of them said to be refusing all food now the official numbers started to grow after prison guards tried to break up the protest and more medics have been sent in with officials saying ninety two detainees are now starving seventeen are being force fed two are currently in hospital and there's been several recent suicide attempts as well the military's muslim advisor says that he's worried the protests will lead to deaths many are held in the prison without charge with a majority believing they'll never walk free. nature can reports. u.s. officials now acknowledge that ninety two detainees source starving themselves of guantanamo the military has been updating the numbers since t