167
167
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 167
favorite 0
quote 0
than less europe. more integration. you mentioned that today. and i would ask you. you mentioned fiscal union. what do you mean exactly when you say "fiscal union"? isn't it what a lot of germans mean when they say a transfer union? and are you going to be able to convince your own citizens to accept a transfer union? >> translator: the fiscal union is not a transfer union. what we mean when we talk about the beginning of a fiscal union is what we have already decided. that is to say stability and growth, a pact which now is going to be binding. so we talked a lot about reducing the debt. people want to put that in their constitution sometimes. but for the first time, the european commission has the right to come and check whether the member states have really translated the stability pact in their legislation. and if they have not done it, the european court of justice can sue them. it's a paradox, if you want. we have a stability and growth pact, which is like european legislation, if you want. for a
than less europe. more integration. you mentioned that today. and i would ask you. you mentioned fiscal union. what do you mean exactly when you say "fiscal union"? isn't it what a lot of germans mean when they say a transfer union? and are you going to be able to convince your own citizens to accept a transfer union? >> translator: the fiscal union is not a transfer union. what we mean when we talk about the beginning of a fiscal union is what we have already decided. that is...
186
186
Feb 2, 2012
02/12
by
KCSMMHZ
tv
eye 186
favorite 0
quote 0
it is called in europe and it is set to stay that way for a while -- it is cold in europe. temperatures have been reaching minus 9 degrees celsius at their highest. in parts of eastern europe, the situation is a lot worse. over 60 people have died in ukraine alone. unusual scenes are impressing tourists. >> even brussels' famous fountain is feeling the chill. tourists at the belgian capital usually come to see the little boy releasing a steady stream. >> overall, i guess, to see it, you will have to come back another time in brussels to see him in action. >> across europe, the winter weather is painting bizarre landscapes. in marseilles, palms and cacti are covered in snow. ice formations like these have left the russian harbor in quiet summer. it may be a winter wonderland for some, but for others, it is a nightmare. nine more people died overnight in poland, and across eastern and central europe, at least 100 people died this week amid temperatures as low as minus 30 degrees celsius. most victims are homeless like here in ukraine, hardest hit by the cold. tens of thousand
it is called in europe and it is set to stay that way for a while -- it is cold in europe. temperatures have been reaching minus 9 degrees celsius at their highest. in parts of eastern europe, the situation is a lot worse. over 60 people have died in ukraine alone. unusual scenes are impressing tourists. >> even brussels' famous fountain is feeling the chill. tourists at the belgian capital usually come to see the little boy releasing a steady stream. >> overall, i guess, to see it,...
126
126
Feb 27, 2012
02/12
by
CSPAN3
tv
eye 126
favorite 0
quote 1
and for europe we focus on iran. iran has a fairly active missile program, largely consisting of liquid propellant missiles. they are doing interesting experiments on solid propel ants. today they have scud and old soviet missile. shahad 3. liquid missile, technology probably received from north korea. this is north korea nodong missile. they have recently test add solid missile with a range of 200 to 20,000 kilometers, somewhere in that range. some people are suggesting we may see a liquid propellant missile in the range of 3,000 kilometers in the not too distant future. so today the threat is really quite -- the missile threat from iran is localized to the middle east. obviously israel is very concerned about it because they are within range. turkey could be concerned about it but turkey is a friend of iran, which is one reason they resisted nato attempts until very recently and agreed to deploy a radar which you'll see on future maps right about here in turkey. in the next, say, several years, five years, missile
and for europe we focus on iran. iran has a fairly active missile program, largely consisting of liquid propellant missiles. they are doing interesting experiments on solid propel ants. today they have scud and old soviet missile. shahad 3. liquid missile, technology probably received from north korea. this is north korea nodong missile. they have recently test add solid missile with a range of 200 to 20,000 kilometers, somewhere in that range. some people are suggesting we may see a liquid...
133
133
Feb 3, 2012
02/12
by
KCSMMHZ
tv
eye 133
favorite 0
quote 0
we have faith in europe's economy and in the europe. we believe that the bureau will continue to be an important currency in the future. >> nothing concrete there from the chinese. clear limits have been set, and that is apparently as far as the country's leadership is willing to go, both on money matters and human-rights, for now. >> over to steve now and some very unexpected numbers out of the u.s. today that it is worth noting markets do not usually like surprises, but when they look like this, things are different. a u.s. employment data spark fireworks friday. the much-anticipated jobs report from the u.s. government has shown that new hiring in january pushed the unemployment rate down 8.3%, the lowest level in nearly three years. all in all, 243,000 new jobs were created last month. the news gives president obama a welcome boost as he gears up his reelection campaign. unemployment has not been as low since just after he took office. >> there is still far too many americans who need a job or need a job that pays better than the on
we have faith in europe's economy and in the europe. we believe that the bureau will continue to be an important currency in the future. >> nothing concrete there from the chinese. clear limits have been set, and that is apparently as far as the country's leadership is willing to go, both on money matters and human-rights, for now. >> over to steve now and some very unexpected numbers out of the u.s. today that it is worth noting markets do not usually like surprises, but when they...
119
119
Feb 27, 2012
02/12
by
CSPAN2
tv
eye 119
favorite 0
quote 0
the chinese state is much smarter than the monarchies of europe because the monarchies of europe tried to keep down the middle class. the communist party, the they are not particularly communist and agree to the middle class and make them stakeholders so if you were to talk to most entrepreneurs most professionals in china they don't want to change the system they are happy and that raises the question is this stable? if those with a wealth and power are able to change it and are happy with something like dead democracy, does that give moble staying power, and if the chinese can make decisions about the high-speed rail and the network about investment for the long run, the of the five-year plan, a ten year plan, and the united states, believe it or not, we have a lot of government agency but nobody is doing the long-range economic planning. that is why i think the china model if it is going to carry the day it isn't going to be the model that everyone ascribes to, but there will be one version of modernity. it will have a large place in the world in the 21st century and the western mod
the chinese state is much smarter than the monarchies of europe because the monarchies of europe tried to keep down the middle class. the communist party, the they are not particularly communist and agree to the middle class and make them stakeholders so if you were to talk to most entrepreneurs most professionals in china they don't want to change the system they are happy and that raises the question is this stable? if those with a wealth and power are able to change it and are happy with...
110
110
Feb 2, 2012
02/12
by
CSPAN3
tv
eye 110
favorite 0
quote 0
so they're going to hold europe together. in addition to that, they have an overwhelming economic interest. germany, the pivotal country, has a nirvana economic situation. germany is the largest surplus trading country and it bases it's whole economy on an export-led economy. when they had their own deutsche welle mark and they would choke off their competitors and fight off the germans. now, the germans have the world's largest trade surplus and a weak currency which, for them, is the perfect outcome and every german knows it and they'll continue it and virtually at any price would be worth paying for them to keep that situation together. if you went to a new deutschemark it would explode up in value and the whole german economic prok which has been impressive the last few years, would collapse. so the bottom line is both germany and europe as a whole has a huge, huge interest in holding the eurozone together. so my conclusion, and it's, i think, supported by the evolution of the current crisis is that germany will pay whate
so they're going to hold europe together. in addition to that, they have an overwhelming economic interest. germany, the pivotal country, has a nirvana economic situation. germany is the largest surplus trading country and it bases it's whole economy on an export-led economy. when they had their own deutsche welle mark and they would choke off their competitors and fight off the germans. now, the germans have the world's largest trade surplus and a weak currency which, for them, is the perfect...
107
107
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 107
favorite 0
quote 0
i was fascinated by your assessment of europe. the thought kept going through my mind is past performance doesn't guarantee future results. i hope you're right. i'm assuming dr. lerrick and dr. johnson probably aren't in agreement with a rosie scenario. >> i think i'm actually more optimistic than dr. bergsten. i believe it will drive europe to a stable financial union. we have many more summits to go but they'll get there. i believe. but there is a large risk. one of my colleagues uses an analogy. he said this is a dangerous operation. you could have the most skilled surgeon in the world but things can go wrong. and so something could go wrong. i believe that the europeans will manage this process. i think the germans have now found the tools do that, which are just to keep interest rates really high on all the politicians that are of the weak countries and that will force them to do what german threats and pleading and reasoning did not succeed in doing for two years. and secondly the new strategy, which is if you agree, that's
i was fascinated by your assessment of europe. the thought kept going through my mind is past performance doesn't guarantee future results. i hope you're right. i'm assuming dr. lerrick and dr. johnson probably aren't in agreement with a rosie scenario. >> i think i'm actually more optimistic than dr. bergsten. i believe it will drive europe to a stable financial union. we have many more summits to go but they'll get there. i believe. but there is a large risk. one of my colleagues uses...
93
93
Feb 8, 2012
02/12
by
CSPAN
tv
eye 93
favorite 0
quote 0
this crisis is to go towards more europe rather than less europe. more integration. you mentioned that today. and i would ask you, you mentioned fiscal union. what do you mean exactly when you say fiscal union? isn't it what a lot of germans mean when they say transfer union. and are you going to be able to convince your own citizens to accept a transfer union? the fiscal union is not a transfer union. what we mean when we talk about the beginning of a fiscal union is what we have already decided. that is to say that the stability and growth, that which now is going to be binding. so we talked a lot about reducing the debt. people want to put that in their constitution sometimes. but for the first time, the european commission has the right to come and check whether the member states have really translated the stability pact in their legislation. and if they have not done its, the european court of justice can sue them. it is a paradox, if you want. we have a stability and growth pact, which is like european legislation, if you want. for all the oth
this crisis is to go towards more europe rather than less europe. more integration. you mentioned that today. and i would ask you, you mentioned fiscal union. what do you mean exactly when you say fiscal union? isn't it what a lot of germans mean when they say transfer union. and are you going to be able to convince your own citizens to accept a transfer union? the fiscal union is not a transfer union. what we mean when we talk about the beginning of a fiscal union is what we have already...
141
141
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 141
favorite 0
quote 0
the economic future of italy and europe. as fred mentioned, yes, i delivered a few words in 2006 on the topic does europe have an economic future? and after all, europe did have an economic future. but i think that many of the questions surrounding europe then are still there today. and, of course, i feel the responsibility in my temporary and luckily enough sharply timed to give a contribution to the solution of those problems. everybody has in mind, of course, theure j ureuro zone cr. i think everybody should be aware and i think everybody in this room is aware but not everybody in this country or in italy or in europe is aware of the fact that this has not been a crisis of the euro. the euro has continued to display very, very remarkable stability, solidity. it has not incurred on any of the two situations in which a currency shows its weakness in terms of the domestic purchasing power and in terms of external -- in term of exchange rates. so i think it is a really remarkable that although there has been and partly there
the economic future of italy and europe. as fred mentioned, yes, i delivered a few words in 2006 on the topic does europe have an economic future? and after all, europe did have an economic future. but i think that many of the questions surrounding europe then are still there today. and, of course, i feel the responsibility in my temporary and luckily enough sharply timed to give a contribution to the solution of those problems. everybody has in mind, of course, theure j ureuro zone cr. i think...
129
129
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 129
favorite 0
quote 0
this means that what we have already achieved in europe can only be preserved if we renew europe with strength. and, therefore, we can say that this crisis is a chance for us, it's the chance for us to create a stability union, a stable union, worthy of the name. the question of finances very often it is summarized in cut, cut, cut. well, that's too simple. no, it has to to with the fact that we have to live in a sustainable way and we have to also think about the next generation. and if we were not able to have a sustainable system, well, we would be in a very difficult situation that we could never overcome in the future. and the financial markets doubt, they wonder if we can come out of this crisis, and, therefore, one of the elements is to consolidate our budgets. we could say that we have started. we have started the beginning, if you want. the pacts of the treaties are clear. we had the stability, it was very clear rules. the problem and the truth is that the rules were never respected. nobody checked them. and, therefore, the reality was different from what was on paper. so we
this means that what we have already achieved in europe can only be preserved if we renew europe with strength. and, therefore, we can say that this crisis is a chance for us, it's the chance for us to create a stability union, a stable union, worthy of the name. the question of finances very often it is summarized in cut, cut, cut. well, that's too simple. no, it has to to with the fact that we have to live in a sustainable way and we have to also think about the next generation. and if we...
20
20
tv
eye 20
favorite 0
quote 0
countries but it wouldn't do so at the moment because of the cold winter in europe because as the israeli pm accuses the islamic state of being behind. talan and urges americans to look he's sad it's not a problem. also russia says external players are encouraging opposition groups to stay out of domino with the syrian government. also a bit superdelegate. meanwhile the president the son of announced a referendum on a new constitution. for a democracy uprising in bahrain protests is a crazy as another hot with police using tactics and weapons from the. headlines time to go tell washington's to do is for the big picture with tom. oh i'm going to washington d.c. and here's what's coming up tonight the big picture. banks are bulldozing their way through europe what will be left in the rubble when they're done also is the tea party losing its political mojo that more coming up in tonight's liberal rumble and new hampshire is trying to repeal gay marriage and minnesota's try to constitutionally ban it their quality ever be accepted in america like it is in canada and mexico so. you need to kno
countries but it wouldn't do so at the moment because of the cold winter in europe because as the israeli pm accuses the islamic state of being behind. talan and urges americans to look he's sad it's not a problem. also russia says external players are encouraging opposition groups to stay out of domino with the syrian government. also a bit superdelegate. meanwhile the president the son of announced a referendum on a new constitution. for a democracy uprising in bahrain protests is a crazy as...
15
15
tv
eye 15
favorite 0
quote 0
other parts of europe are profiting tremendously off this and who wins the banks toure's. i. i it's one's are you ready to rumble joining me on the panel for tonight's lone liberal rumble don. the genome on gino u.s. senate candidate former special agent with the u.s. secret service and former new york police department officer and lachlan mark a mark to market a market that's right market investigative reporter with the heritage foundation center for media and public policy thanks to both of you for being here and let's get started i was just reading about austerity in europe and it seems like the republicans are hell bent for leather to bring this the united states you know cutting we've seen in twenty five. twenty four red states. so far three years seven hundred thousand people laid off and you know like this. now we've got this tax deal this payroll tax cut and unemployment benefit cut and. you know they're talking about extending this but the republican succeeded in lowering the number of weeks for unemployment benefits for ninety nine dollars seventy three weeks why
other parts of europe are profiting tremendously off this and who wins the banks toure's. i. i it's one's are you ready to rumble joining me on the panel for tonight's lone liberal rumble don. the genome on gino u.s. senate candidate former special agent with the u.s. secret service and former new york police department officer and lachlan mark a mark to market a market that's right market investigative reporter with the heritage foundation center for media and public policy thanks to both of...
179
179
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 179
favorite 0
quote 0
as europe works its way through
as europe works its way through
89
89
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 89
favorite 0
quote 0
the issue then becomes -- what is the next level of europe? germany has a clear view of what the future of europe is going to be and they've found two tools that will force union fiscal discipline after two years of reasoning, threatening and pleading had no effect on their fellow members. first they see that market forces prevail where diplomacy failed. if you keep painfully high interest rates on the politicians that will compel them to make difficult choices that need to be made. the second step they've done is removed the unanimity requirements before all the eurozone decisions. before they could stop the euro without a veto and therefore, they set up a system where there will be no access to emergency funding unless a member agrees to the fiscal conduct. and what will happen is the fear of being left behind is going to support -- left behind without support is going to force submission to this fiscal reform. and so what you'll see over the next two to three years is germany will drive the eurozone towards a fiscal union with central contr
the issue then becomes -- what is the next level of europe? germany has a clear view of what the future of europe is going to be and they've found two tools that will force union fiscal discipline after two years of reasoning, threatening and pleading had no effect on their fellow members. first they see that market forces prevail where diplomacy failed. if you keep painfully high interest rates on the politicians that will compel them to make difficult choices that need to be made. the second...
17
17
tv
eye 17
favorite 0
quote 0
we wanted to fill in the whole of europe not just some european countries with one or european allies and friends to join on missile defense strategy. lucina in the event of the situation with a european missile defense system becoming unfavorable to russia we reserve the right to take no further steps in the nuclear disarmament area. the kremlin has repeatedly demanded that nato guarantees that the european missile defense shield would pose no threat to russia's strategic interests sofa the west has refused to cooperate with must go on the issue. intercontinental ballistic missiles are transported through snow bound russian forests under the cover of darkness. shrouded in secrecy the people in charge need to perform training drills and test the hardware on the roof. suddenly the convoy comes to a halt there's a forest street blocking the. crossing it's quite a challenge for the drivers of motor vehicles weighing many tons. as specially considering. heads. of heavy launches safely reach the opposite bank with the most hazardous hurdle behind it the convoy is on the move again. as the
we wanted to fill in the whole of europe not just some european countries with one or european allies and friends to join on missile defense strategy. lucina in the event of the situation with a european missile defense system becoming unfavorable to russia we reserve the right to take no further steps in the nuclear disarmament area. the kremlin has repeatedly demanded that nato guarantees that the european missile defense shield would pose no threat to russia's strategic interests sofa the...
20
20
tv
eye 20
favorite 0
quote 0
nato countries or in which to respect the deployment of them military installations to europe. new american military bases may soon be set up in kazakhstan. turkmenistan and tajikistan. once russia has been encircled by military bases a new geopolitical reality will emerge we need to take this reality into account already today but and take measures to control potential threats to our security. meanwhile the view that the missile defense shield is too expensive is getting increasing currency inside the united states itself it provides financial backing to the armed forces moreover the project is making millions of dollars from nato sub contractors in various countries. between two thousand and five and two thousand and nine the us has spent fifty billion dollars and the price paid for the entire program that we are dealing with right now here in two thousand and eleven is another hundred and fifty billion dollars that's larger than many country's entire military budgets. some of the funding for the missile defense system in europe is being put to use in poland and north the sma
nato countries or in which to respect the deployment of them military installations to europe. new american military bases may soon be set up in kazakhstan. turkmenistan and tajikistan. once russia has been encircled by military bases a new geopolitical reality will emerge we need to take this reality into account already today but and take measures to control potential threats to our security. meanwhile the view that the missile defense shield is too expensive is getting increasing currency...
22
22
tv
eye 22
favorite 0
quote 0
controversial missile defense shield for europe stay with us. the most vital national security interests of the united states would be most effectively realized not through hostility to rush through cooperation with it. i think russia and the united states can we just settlement of the establishment of a global missile defense system. this plan research is in jeopardy even the new strategic arms reduction treaty between moscow and washington has been unable to help. at a time of warmer bilateral relations needs whose top brass decided to deploy a missile defense system protecting europe but they were setting up too close to russia's borders and must go didn't view it as a friendly gesture. we wanted to fill in the whole of europe not just some european countries with one or european allies and friends to join in on missile defense strategy. flew in the event of the situation with a european missile defense system becoming unfavorable to russia we reserve the right to take no further steps in the nuclear disarmament area. the kremlin has repeated
controversial missile defense shield for europe stay with us. the most vital national security interests of the united states would be most effectively realized not through hostility to rush through cooperation with it. i think russia and the united states can we just settlement of the establishment of a global missile defense system. this plan research is in jeopardy even the new strategic arms reduction treaty between moscow and washington has been unable to help. at a time of warmer...
225
225
Feb 6, 2012
02/12
by
CNBC
tv
eye 225
favorite 0
quote 0
freezing temperatures grip europe. the death toll up over the weekend with a state of emergency being declared in bosnia. 220 people have died as a result of the are weather with forecasters predicting another week of arctic conditions. transport networks have been badly hit. london's heathrow, europe's busiest airport, is aiming to operate a normal service after a number of flights were canceled on sunday. after last year heathrow hit very badly by the snow shutdown and so they decided, i think they spent quite a lot of money on new snowplows but the best way is to cancel flights ahead of it. don't deal with the snow. just stop people coming to the airport which is not really what we want. we want them to know that it snows and planes can still land and take off. that would be my idea with telg with snow. >> yeah, open for business. we need to keep that concept going. you know what, maybe better safe than sorry. safety is clearly the issue when you have that sudden kind of snowstorm. the shanghai composite flat today.
freezing temperatures grip europe. the death toll up over the weekend with a state of emergency being declared in bosnia. 220 people have died as a result of the are weather with forecasters predicting another week of arctic conditions. transport networks have been badly hit. london's heathrow, europe's busiest airport, is aiming to operate a normal service after a number of flights were canceled on sunday. after last year heathrow hit very badly by the snow shutdown and so they decided, i...
126
126
Feb 2, 2012
02/12
by
CSPAN3
tv
eye 126
favorite 0
quote 0
if europe implodes, the risk to our economy is serious. we need to remember that almost one quarter of u.s. exports go to our european trading partners so what happens to the european economy could have a very real impact on u.s. manufacturers and u.s. workers. with that, we'll turn to senator johnson who is filling in for senator sessions this morning for his opening remarks and then we'll turn to our witnesses for their testimony and, again, i want to thank senator johnson for filling in for senator sessions this morning. i just say to colleagues, there are many competing meetings of other committees this morning, including mark-ups in some, which means that colleagues who would like to be here simply cannot be here and participate in the work of other committees on which they serve so, we understand that this is a meeting in which there are many competing priorities for members of this committee. senator johnson. >> thank you and only i'm here because this is my top priority and i think this is certainly the greatest threat that faces o
if europe implodes, the risk to our economy is serious. we need to remember that almost one quarter of u.s. exports go to our european trading partners so what happens to the european economy could have a very real impact on u.s. manufacturers and u.s. workers. with that, we'll turn to senator johnson who is filling in for senator sessions this morning for his opening remarks and then we'll turn to our witnesses for their testimony and, again, i want to thank senator johnson for filling in for...
225
225
Feb 17, 2012
02/12
by
WMPT
tv
eye 225
favorite 0
quote 0
the big risk, of course, is what happens in europe and whether greece's debt problems spread. >> europe is the biggest source of risk that we see on the investment horizon. we are in the hands of european politicians and the best efforts of european politicians. so that, by definition, it's a risky environment. >> reporter: there's something else that troubles even bullish analysts-- low trading volume, which typically means heightened volatility. fortunately for investors, the big swings in the market lately have been to the upside. erika miller, "nightly business report," at the new york stock exchange >> susie: our next guest believes the stock market will "pause, rest and consolidate" at current levels. he's carter worth, chief market technician at oppenheimer asset management. carter, nice to have you back on the program. >> thank you, thank you very much. >> since you studied charts let's gotraight to the charts. we've got here a chart for the s&p and looking at it we see a big sell-off last summer and then a rally since december. and moving along looking at this chart of the dow'
the big risk, of course, is what happens in europe and whether greece's debt problems spread. >> europe is the biggest source of risk that we see on the investment horizon. we are in the hands of european politicians and the best efforts of european politicians. so that, by definition, it's a risky environment. >> reporter: there's something else that troubles even bullish analysts-- low trading volume, which typically means heightened volatility. fortunately for investors, the big...
52
52
tv
eye 52
favorite 0
quote 0
missiles capable of hitting targets in the little beast in eastern europe this poses a threat to u.s. interests in the region. i don't agree with the u.s. government belief that this is a serious problem. and is doing is they're using very simple. nothing simple about rockets but the using very early generation rocket technology the only rockets they could build that could reach the united states would be enormous in size and not be mobile this city would have to be launched from fixed locations where the united states and russia russia join the united states could monitor these these missiles many in the united states and just like the views of thehotel. he maintains that the european missile defense system is ineffective the scientist estimates that it has no chance of protecting the united states from a rainy and missiles instead it creates problems for russia if russia believes is the fence is not needed. but it doesn't if you're ready for russia. my guess is that russia. will say if you want to spend your national treasure this will help you so it solves the political problem and
missiles capable of hitting targets in the little beast in eastern europe this poses a threat to u.s. interests in the region. i don't agree with the u.s. government belief that this is a serious problem. and is doing is they're using very simple. nothing simple about rockets but the using very early generation rocket technology the only rockets they could build that could reach the united states would be enormous in size and not be mobile this city would have to be launched from fixed...
260
260
Feb 9, 2012
02/12
by
CNBC
tv
eye 260
favorite 0
quote 0
slow growth in europe. this is christine. what sort of growth are we looking at? a deep protracted down turn or is this going to be something that will last for a couple of years? i mean, what's your outlook? >> i think we are going to see a sharp contraction that probably started in the fourth quarter, christine, and then we'll stay very, very slow for a long period of time and the question i have, you know, as we look at the global economy, what does that mean for the global economy if you have europe with a sharp contraction and then sustaining very, very slow or negative dwroet for a long period of time. the united states while improving will mott have very high, robust growth. we're going to be happy to see two to two and a half percent growth in the united states if we can get that. the mean for china? does the chinese economic model really work if you have japan flat, europe negative to flat, and the united states still at relatively low growth and we're going to have to see whether china can sustain
slow growth in europe. this is christine. what sort of growth are we looking at? a deep protracted down turn or is this going to be something that will last for a couple of years? i mean, what's your outlook? >> i think we are going to see a sharp contraction that probably started in the fourth quarter, christine, and then we'll stay very, very slow for a long period of time and the question i have, you know, as we look at the global economy, what does that mean for the global economy if...
129
129
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 129
favorite 0
quote 0
so europe has the model that is now in a world in complete change. and there's a question that we have to ask ourselves. in 1950, just coming out of world war ii and little by little brought germany back into the community of the world. and the other germany, it was not the same. back then we were on the planet with 2.5 billion people. 20% of the humans were europeans. last year we hit 7 billion people in the world. and today, the europeans are only 7% of the world population. even if we are still 20% of the world gpp, but when we see each other again 20 years from now you will see that the numbers will have changed even more. our societies are aging in europe. we are in the rapid demographic change. there are more and more retired people, less and less active people among europeans. what does that mean? it means that if we want to keep our living standards, we have to change our policies. if we want to keep our values in the globalized world, we have to work together and speak with one voice and we have to convince the others with one voice. so it h
so europe has the model that is now in a world in complete change. and there's a question that we have to ask ourselves. in 1950, just coming out of world war ii and little by little brought germany back into the community of the world. and the other germany, it was not the same. back then we were on the planet with 2.5 billion people. 20% of the humans were europeans. last year we hit 7 billion people in the world. and today, the europeans are only 7% of the world population. even if we are...
13
13
tv
eye 13
favorite 0
quote 0
with a vengeance in europe and we can go to southern europe all the way up to germany the french are be experiencing it as well how can what is this the right formula and dimitri says it's not the right for me and to bring us back to prosperity because a lot more and more people are just being a misery. yeah well i think look the bottom line is it's really interesting people won't agree to us territory or comply with us if things are getting better you kind of need to be in bad times to get people to understand how serious a debt problem is and that it needs to be addressed i mean nobody was interested in addressing the debt problem during the boom it's only during the bust the people start to understand why but it is true that austerity doesn't alone create price prosperity what does create prosperity are small entrepreneurs and this is really important two thirds of the net new jobs in all industrialized economies are created by companies that employ less than fifty people now when government is shrinking this actually does create some opportunities for the private sector and new y
with a vengeance in europe and we can go to southern europe all the way up to germany the french are be experiencing it as well how can what is this the right formula and dimitri says it's not the right for me and to bring us back to prosperity because a lot more and more people are just being a misery. yeah well i think look the bottom line is it's really interesting people won't agree to us territory or comply with us if things are getting better you kind of need to be in bad times to get...
38
38
tv
eye 38
favorite 0
quote 0
the aim is to match the measures being taken in europe that the new stations. are being commissioned here to respond to nato's activities. thrown at them. we will buy new means limited or alter our plans for the deployment of missile defense components in europe. russia has not closed the deal it will continue until it with the united states and nato on the missile defense system it is ready for practical cooperation in the sphere. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm charming welcome to the big picture.
the aim is to match the measures being taken in europe that the new stations. are being commissioned here to respond to nato's activities. thrown at them. we will buy new means limited or alter our plans for the deployment of missile defense components in europe. russia has not closed the deal it will continue until it with the united states and nato on the missile defense system it is ready for practical cooperation in the sphere. you know how sometimes you see a story and it seems so you...
21
21
tv
eye 21
favorite 0
quote 0
in europe and now fast forward and again it is the day before the next operation of the e.c.b. in europe so you're actually the perfect person to talk about these kind of liquidity transfusions and to answer this question dr king is this just another way to prop up zombie banks and allow them to roll over their debt. absolutely and the whole solution is saying here we have a problem or a country company enough money competitions currently go out let's lend it more money and so long as money which the government gets if the country itself conjoin or right through its central bank which of course no european country has then is just perpetuating the problem and is this an inevitable outgrowth of the banking system because as you point out ponzi financier is always had debt servicing costs that are higher than their cash flows because the assets they purchased with borrowed money so they have to expand their debts or sell off assets and if in europe we've seen banks do anything to avoid selling off assets yeah well europeans with their own peculiar problem of pricing on top of wha
in europe and now fast forward and again it is the day before the next operation of the e.c.b. in europe so you're actually the perfect person to talk about these kind of liquidity transfusions and to answer this question dr king is this just another way to prop up zombie banks and allow them to roll over their debt. absolutely and the whole solution is saying here we have a problem or a country company enough money competitions currently go out let's lend it more money and so long as money...
137
137
Feb 10, 2012
02/12
by
CSPAN3
tv
eye 137
favorite 0
quote 0
but when you look at the press in europe, everybody in europe talks about this crisis in a different perspective. and we need a europe with the mobility of workers. it also means that we need transfer possibilities so that everybody can have portable pensions, for instance. if you work in five different countries, you need to be able to take your pension with you. and also we have to harmonize the retirement age. in some countries it's 55. in germany it's 67. we have a lot to do. that is to say the social dimension is one of the aspects. but it's far from being the only one. but what we have to create is of course as students you are more together than our workers, for instance. but we need more of a european public. we have to know that we all belong to the same area, for instance. >> translator: thank you. now i have a question about the relations between germany and the others. what about the image of germany abroad? from france is going to ask the question. >> translator: no, you can speak without microphone. i can hear you well. you have a good voice. >> translator: many in euro
but when you look at the press in europe, everybody in europe talks about this crisis in a different perspective. and we need a europe with the mobility of workers. it also means that we need transfer possibilities so that everybody can have portable pensions, for instance. if you work in five different countries, you need to be able to take your pension with you. and also we have to harmonize the retirement age. in some countries it's 55. in germany it's 67. we have a lot to do. that is to say...
277
277
tv
eye 277
favorite 0
quote 0
this is the eurozone and europe's largest economy. this powerhouse has just posted record export figures for the year 2011, sending more than 1 trillion euros a year abroad. let's have a look how that's affecting the markets abroad. here in europe, we're seeing a bit of a bright spot to the trading session today. we're now just over an hour into the trading session. as you can see, we've got the likes of the kak 40 and the xetra dax. these two are doing better, up .9%. the greek prime minister phas reached a deadline where they have bonds due. we're seeing a bounce on the back of the better than expected numbers when it comes to german exports. we've also got a meeting of political ministers delayed until today. what we have in greece is the political side as well as the economic side coming to the forefront. bankers' minds projecting zero growth in 2012. that's one of the reasons why the cac 40 in paris isn't up by as much as xetra dax. also wanted to mention the ftse 400 talk whether the merger with glenco is going to continue. that
this is the eurozone and europe's largest economy. this powerhouse has just posted record export figures for the year 2011, sending more than 1 trillion euros a year abroad. let's have a look how that's affecting the markets abroad. here in europe, we're seeing a bit of a bright spot to the trading session today. we're now just over an hour into the trading session. as you can see, we've got the likes of the kak 40 and the xetra dax. these two are doing better, up .9%. the greek prime minister...
219
219
Feb 8, 2012
02/12
by
CNBC
tv
eye 219
favorite 0
quote 0
europe versus central versus southern europe. southern europe is as tough as you hear. in terms of government spending, i think it will go in waves. the federal government still the toughest times yet to come. we started seeing this four and five quarters ago, and people thought it would be unique to cisco. but many of the things we see, because our orders are all within 120 days, we probably ship 80% of our business, we see the cycles perhaps a little bit earlier than some of our counterparts do. to me, it's all about share of wallet. we did well in service provider. we'll talk more about that later. and solid in enterprise and commercial. >> since you mentioned share of wallet, maybe we can talk more about that data center, had been strong for you, up 116% last quarter in terms of revenue. how are you doing versus the hps and junipers out there where you were showing strength recently? >> well, jon, if you watch what has happened a year ago, and in fairness, a number of people challenged how we do versus those two competitors a
europe versus central versus southern europe. southern europe is as tough as you hear. in terms of government spending, i think it will go in waves. the federal government still the toughest times yet to come. we started seeing this four and five quarters ago, and people thought it would be unique to cisco. but many of the things we see, because our orders are all within 120 days, we probably ship 80% of our business, we see the cycles perhaps a little bit earlier than some of our counterparts...
17
17
tv
eye 17
favorite 0
quote 0
and the south of europe is only going to get greater and what you've got is you've got protests in the south and what we're seeing in the north is a political revolution where new parties are spinning in all skeptic parties gets better results than ever before the scary thing here that you have is once you start tinkering with the most recent trying to change things i think you know the very slippery slope in the tough. at the moment over here is that the e.u. is really showing you through the children what it's all about it doesn't want to listen to the people they're talking about an intergovernmental agreement and this will go into primary e.u. law through secondary legislation which means that the people can be bypassed there will be referendums across the continent particularly in iowa where the should be a referendum on this and what will happen is they will bypass the people and it will go straight into reagan and they will get exactly what they want and it is a complete affront to democracy. is walking us to consider vladimir putin an arch enemy blaming him for the death of his
and the south of europe is only going to get greater and what you've got is you've got protests in the south and what we're seeing in the north is a political revolution where new parties are spinning in all skeptic parties gets better results than ever before the scary thing here that you have is once you start tinkering with the most recent trying to change things i think you know the very slippery slope in the tough. at the moment over here is that the e.u. is really showing you through the...
96
96
Feb 11, 2012
02/12
by
CSPAN
tv
eye 96
favorite 0
quote 0
we cannot do more these of the europe unless the europeans -- we cannot do more vis-a-vis europe unless the europeans want to do more with the fire wall. perhaps we should see room for improvements also on the part of the imf with having a broader understanding of the specific situations with the strict adherence to a model that might prevent a pragmatic solution to a problem. it is my understanding that many of us in europe, including the member states, believe that this is the moment to consider that if there is a minimum of compliance, this is a moment to turn the page and extinguish the greek explosion. >> the floor is open. we have two standing microphones in the bike. -- in the back. we have a question in the back and one over here. >> the greek program will in the -- apparently include a retroactive clause, a retroactive rewriting of bond contracts. will this not impose a risk for bondholders and a higher price for issuers of local bonds such as italy or any other deficit country? is there not a risk for issuers aside from greece who he will now have to pay more because greece is
we cannot do more these of the europe unless the europeans -- we cannot do more vis-a-vis europe unless the europeans want to do more with the fire wall. perhaps we should see room for improvements also on the part of the imf with having a broader understanding of the specific situations with the strict adherence to a model that might prevent a pragmatic solution to a problem. it is my understanding that many of us in europe, including the member states, believe that this is the moment to...
99
99
Feb 4, 2012
02/12
by
CSPAN
tv
eye 99
favorite 0
quote 0
southern europe's debt. one point that you raised is can this happen in the united states? absolutely. if we do not take corrective action, it is going to happen. the fact -- the only reason we have not had a crisis so far is because the u.s. dollar's role as the reserve currency of the world. that cannot go on. it is very difficult to replace a reserve currency. the only other alternative right now would have been the euro and the europeans have their own problems. there is a compaq when you use a reserve currency. there is a privilege, which is the rest of the world gives you television sets and gives you money to buy cars and houses in return for pieces of paper you print up in the basement of the federal reserve. the agreement is you have to maintain the value of those pieces of paper by sound fiscal and monetary policies. we have not kept up our end of the bargain. you will see the world which draw from the reserve currency. when that happens, the u.s. dollar interest rates will start rising very quickl
southern europe's debt. one point that you raised is can this happen in the united states? absolutely. if we do not take corrective action, it is going to happen. the fact -- the only reason we have not had a crisis so far is because the u.s. dollar's role as the reserve currency of the world. that cannot go on. it is very difficult to replace a reserve currency. the only other alternative right now would have been the euro and the europeans have their own problems. there is a compaq when you...
227
227
Feb 14, 2012
02/12
by
WMPT
tv
eye 227
favorite 0
quote 0
and europe is china's biggest trading partner. and it's hit the heart of the value and at the same time chinese manufacturing costs have done up. what's in it for them is to get this right and china has the world's largest reserves in europe. >> more than one billion euros a day are snent china by the e.u. >> yes. thank you. >> a small libyan stoun pleading for help to deal with the influx of illegal immigrants. the authorities say they have been overwhelmed by the numbers of people crossing the border daily. they are being isolated in detention centers. we met some of those detainees. >> the road runs south into the vastness of africa. bringing trade to libya. but also growing numbers of illegal my gants. this is the main check point between the desert and capital tripoli and they have just found a nigerian couple in this car with no visas. they question the man. come for work, he says. nothing more. but black africans are viewed with suspicion now. many of them fought for gaddafi. they have caught more. the authorities here say
and europe is china's biggest trading partner. and it's hit the heart of the value and at the same time chinese manufacturing costs have done up. what's in it for them is to get this right and china has the world's largest reserves in europe. >> more than one billion euros a day are snent china by the e.u. >> yes. thank you. >> a small libyan stoun pleading for help to deal with the influx of illegal immigrants. the authorities say they have been overwhelmed by the numbers of...
144
144
Feb 27, 2012
02/12
by
CSPAN3
tv
eye 144
favorite 0
quote 0
europe is so focused on the euro zone. as you've seen in the past couple of days, we've tried to organize support for the southeast asia. we got information yesterday that verified what i've been worried about, which is you're going to see a credit retraction as the banks pull back. the events in the euro zone and union are going to have an ability to overcome the economic issues related to the political problems. we're seeing it in trade finance. again, i think there's a little bit of my open pea yeah and some of this goes back to how you implement the banking regulations. the european standards did not take account for these risks. i think it's now adjusting. they have ripple effects of this. they affect young people and old people in situations that we should be concerned about. >> mark carney, one of the issues was raised here, if central bankers take losses when an actor loses in a full hearty manner. and secondly, is the regulatory system what you're actually providing completely confused message closing doors and ma
europe is so focused on the euro zone. as you've seen in the past couple of days, we've tried to organize support for the southeast asia. we got information yesterday that verified what i've been worried about, which is you're going to see a credit retraction as the banks pull back. the events in the euro zone and union are going to have an ability to overcome the economic issues related to the political problems. we're seeing it in trade finance. again, i think there's a little bit of my open...
133
133
Feb 15, 2012
02/12
by
KCSM
tv
eye 133
favorite 0
quote 0
and we in europe should not be afraid of that. >> also here in europe, ethnic serbs in the north of cause a vote at a referendum aimed at highlighting their desire to return to being part of serbia. >> the first since the split from belgrade. analysts expect an overwhelming vote against recognizing the government of cause of open officials in belgrade have warned that the vote risks undermining serbia's chances to join the european union. for more, we're joined by a member of the school ago that the double-governance to talk about that referendum in kosovo. this referendum will actually have no legal force at all, because it will not be recognized by the international community. >> i have a feeling it has more to do with internal serbian politics than because of a local serbs have organized a referendum. they belong to opposition parties. >> can this referendum resolve this situation? four years after the war, there's still a lot of ethnic tension, even violence? >> no, i do not think so. i think the referendum has no legal basis. most of the people in northern cause of all are much more
and we in europe should not be afraid of that. >> also here in europe, ethnic serbs in the north of cause a vote at a referendum aimed at highlighting their desire to return to being part of serbia. >> the first since the split from belgrade. analysts expect an overwhelming vote against recognizing the government of cause of open officials in belgrade have warned that the vote risks undermining serbia's chances to join the european union. for more, we're joined by a member of the...
29
29
tv
eye 29
favorite 0
quote 0
there is no one i mean europe is a conception on a map and there is no such thing as as europe except on a map these are their individual countries and i think all these individual countries themselves of consolidated germany and italy or are really many little individual countries that have been consolidated into into nation states that was a mistake too but to compound the mistake by having a regional government that would control all of europe just a terrible thing taking away people's freedoms making the poor or making the government however in the government special interest the banks military industrial complex pharma medical complex all the big interest groups they of course do better but the average people get stepped on well and do more broadly we've seen the last plunder other countries we've seen in western countries use financial terms. loyal to force for example privatization so we've seen it more in developing countries than in the developing world now that the west is where all of that debt is and we see western nations indebted are we seeing the last turn that model on
there is no one i mean europe is a conception on a map and there is no such thing as as europe except on a map these are their individual countries and i think all these individual countries themselves of consolidated germany and italy or are really many little individual countries that have been consolidated into into nation states that was a mistake too but to compound the mistake by having a regional government that would control all of europe just a terrible thing taking away people's...