lost millions. reacting to what he called the "earthquake in europe," president herbert hoover proclaimed america's steadfastness to the gold standard. but despite official pronouncements, many europeans feared that america would be next to devalue its currency. international investors rushed to redeem their dollars for gold. boatloads of american gold reserves were shipped overseas. to protect the american banking system, to preserve confidence in the dollar based on the gold standard, herbert hoover directed the federal reserve system to make changes, changes that would "keep the american dollar ringing true in every city in america and in the world." the fed responded by raising its discount rate, foing erananksusup rate of ints the fed responded bypaid to their depositors.e, the result -- foreign investors earned more interest and were enticed to leave their money in u.s. banks. the strategy worked. confidence in the dollar was restored and the gold drain was plugged. but there were other, more serious ramifications. dr. edward bernstein, formerly principal economist, u.s.

areas in the industry. thank you. and branching into europe. it is a company that is part of a group. caroline hyde went to take a look at the brand-new store to officer chief executive of the american retailer. what was the store like? very shiny and new of course. it opens this or is today at 8:30 a.m. -- a later today at 8:30 a.m. it is a plethora of stores operating -- offering new homework. you have got pop-up installations. fantastic. christmas decorations, obviously. it is huge. they have a plan as part of its decoration. as part of its decoration. actually.xy i wanted nearly everything. they had syrup as well. what is interesting is another company wanting to move into europe and using london as a hub to do it. it is a gateway to all of europe. we are here. launch a store and looking for other locations for branch. we will support all of our brands with fully integrated e- commerce. penetration online. >> yes. the way we have grown all of our we have aamerica is very large e-commerce business. to 50% of our sails. a big deal. it is very instructive. it shows you where the cus

roots for the strategic reason bulgaria and romania became europe before even serbia and grace. what is your of europe is all. the old system that gave us the renaissance and it gave us the biggest achievements. in the judea christian civilization and i am behind this but each time it comes every in a while in the century to the crisis then there is a formal way to go for the goods on the other side my problem a little bit problem in founders of understanding this if the current the present. administration with a president is one hundred percent decided not to go to europe as that as they said it i don't know if this is sincere act of mr what is it you know the cards or what is it they were in practice in fact negotiating trying to get more from europe but the point is they will never get money from europe because europe cannot give them nothing they are likely to have money and now the question who has the money and they will all know that russia has the money because our side has the sources in say b. area which they don't have for whom napoleon was kind of coming and trying to get

for europe itself i mean the issue of migration and the issue of terrorism is that on their gender do you think that european countries maybe european institutions including the always see may need to reconsider that approach to spreading democracy and maybe give a bit more thought the security implications that that process could have spreading democracy it's not a noisy concept and there are certain countries you mention libya this is really very little to do that you have that. mansion and. levy are requested to become a partner and it's still blocked powerfully in relation to the issues that you that you mentioned too from from beginning to the organization so we're really looking at libya as an external entity from but let's use it as a kind of an academic example and certainly this something or we do not doing u.s.c. is exporting democracy as you see what we do we work with governments and it's a long term. always effort to promote a democratic evolution of these situations i personally don't believe in overnight change i don't think we can create democracies overnight this i

of europe is trying to count its way out of recession with crippling austerity iceland's going down a different past funding money for its people to speed recovery not. guilty as charged a course in moscow convict people short bonnie's leading soloist over the city at times on the artistic director of the theater. international news and comment live from moscow you're watching all she international with me. and welcome to the program and to government protests in the ukrainian capital keeping the situation on edge with the main square of barricaded and official buildings blockaded the country's parliament is debating a no confidence vote in the government the prime minister in turn has accused the opposition of trying to stage a coup going to follow in the developments for us in cuba. well at this point we have had several hundred people actually staying overnight at the independence square in the center of kiev and i've just seen quite a large first session coming from one end of the square that's behind me all the way to the opposite so we are being told that there are several hun

hundred percent decided not to go to europe as they as they said it i don't know if this is sincere act of mr what is it you know on the cards or what is it they were intact in fact negotiating trying to get more from europe but the point is they will never get money from you because europe cannot give them i think they are selling them money and now the question who has the money and they will all know that russia has the money because our side has the sources in sebi area which they don't have for whom napoleon was kind of coming and trying to get it hitler was trying to get it. and even medling already said that it's unfair if such a small number of people living in a such a great territory she was in fact thinking that europe gas your oil and all the minerals and all the stuff that you have over there it's unfairly not shared with them but what do you think about the people who are on the my down square when you think of them they look well it's very frozen they are like many other but i think that you believe in their sincere wish to be integrated into europe some of them yes i

ukraine capitol kiev. it was the rejection of a deal for closer economic ties with europe that sent protesters into the streets. it's a high-stakes drama and a flash point of the larger power struggle between russian president putin on one side and the united states and europe on the other. on this edition of our program we're going to dig in to why all this matters for america. but we start on the ground in kiev's independent square. >> for more than two weeks demonstrators have rallied against the government in the ukraine's capitol kiev. in the middle of the night riot police moved into independent square. >> we're standing here, but we're moving. we're moving forward step by step, we're going forward. everyone makes a big effort for our country, for our families, and the whole world is watching ukraine. >> in freezing conditions the police pushed and shoved their way in the square trying to remove barricades and tents. protesters pushed back for hours chanting shame while those in occupied buildings dumped ice cold water on approaching police. finally the authorities pulled back

>> it has to do with the bad. europe is rebranded. -- it has to do with the fed. the question is our markets prepared for a taper trustmark we would discuss at that as the morning goes on. it is all priced in. and 1994d to look like which was not what we are at in the moment. qe will continue. to keep the balance sheet rolling. the balance sheet is still common to continue to grow. it will be $4 trillion. we have to keep a look at that. >> over to hans nichols. you are watching gm and car sales. foruropean car sales october has the fourth straight increase. a slight increase. the trend is important because they show the bottom may have passed. yearly sales are set for six years of decline. cars sold.n nowhere near precrisis records. >> thank you very much. we'll have more on the car industry shortly. we have recommendations for london. >> the interim report comes from the airport commission that there is need for additional runways. by 2050.ional runways they shortlisted the options. one is in the south and one in heathrow. wants, it is that of the shortlisted. it will be reinves

wanted ukraine to be part of europe and that's what the protest was about then the breaking point was when a peaceful protest at the independence square with several hundred people staying overnight was brutally dispersed by the police the focus of the protest essentially shifted from the displeasure of not signing the deal to the fact that the government had to use force against peaceful protesters the latest information we're hearing coming from several agencies in ukraine that if things are going to escalate in the current situation then the government will impose an emergency situation in the country but we're waiting for any kind of confirmation coming from the fischel sources on that. well i mean we spoke to political analysts alexander who believes that ukraine's president is in real danger from these protests. in current situation and this is very unlikely that ukrainian president will say these words. that's what you can't do really well they are always killed you know uprisings they're always skilled in light. of their police killed in you know just the way to the conflict n

and he just waved me off that neolithic remains stonehenge to a victorian peep show. one of europe's oldest most serious man made attractions getting a twenty seven million pounds make over. it includes a twenty first century state of the art visitors we've been asking you on a false and get the dates of facebook page is its germany's job to fix europe and ask our panel now in its content the eye. off he is indeed time for the most intense debate. call it an unwritten rite of passage. no sooner has a new leader in paris or berlin been sworn in. across the rhine for dinner and updates. which is the swearing in thursday's eu summit in brussels on the merkel is impacts merkel three you might say reelected twice. this time with a huge forty two percent of votes short of an outright majority back in a grand coalition with the opposition social democrats seen this in two thousand. will gauge how much time to change this because last row because they are france's socialist president and hope for you the relationship with her with europe can help restore this is the new rules on state govern

tried to say something more generally about europe, because a lot of things caused the war. nationalist ideas which took different shapes in different countries. across borders. an internal struggle among different nations. i tried to look at the ways in which there were common themes across europe. then i tried to do the chronology, because i think it is important we try to understand why things happen to know what people are thinking about when they make decisions. so what was in the minds of the people in 1914 was very much what happened before. host: for americans, the war started when? guest: the war, it became a general war in august 4, 1914, when the british joined in. it really starts in the last week of july. host: when did the americans get in it? guest: americans came in in april, 1917. initially the united states looked at what is happening in europe with dismay, bewilderment. why were the europeans doing this? woodrow wilson offered to serve as a mediator at the beginning of the war before the shooting started. he was not listened to. for a lot of americans, th

surround heathrow, our biggest hub and the most busy airport in all of europe. one new runway in the northwest and could be an extension of the existing runway. they have not listed thames estuary, saying it is too uncertain. they might look at it again in the first half of next year. boris johnson coming out today saying, it is not dead. they are not being considered. >> businesses are certainly trying to campaign for boosted airport capacity overall. >> they really have been raising their voices. it is a cacophony of noise altogether. they put forward this pro- expansion campaign. there are about 100 signatories on. much the retailers. universities are being represented. solicitors. even daniel leavy, chairman of spur saying we need airport capacity. exports 40% of british are delivered by aircraft. notably, the aviation sector reduces about 3.8% to the gdp. they are saying the business case is there today. version coming out and saying -- virgin saying we need heathrow to remain a hub. british airways and iberia saying we need consensus. >> on the business leaders, we tried to boo

taking action against child labor so who in europe has the wherewithal to fight against this phenomenon. we went to oust the european council of political organization with the mission of assuring human rights and democracy within the european union. we show extracts from filming to the human rights commission. interesting way he now seems to discover the severity of the problem i think it's far more widespread than we realise and done some good work. many people think human rights violations are something that happened elsewhere and not in their own country and that they're not they're not ready to look at who are the most vulnerable and most at risk groups of in their own societies we like to think that we we are very developed we have the european social model we have welfare systems we have functioning states and by global standards we are not that. europe's thought it was immune to child labor because its conception is that a solid body of legislation to protect children's rights and very concretely the ways that you can use the european legislation to force countries to. where n.g

is sure in europe for the international affairs magazine thank you so much for joining us here in r.t. to discuss the situation in kiev so you know top u.s. and european officials have met with ukraine's opposition anna tanner rallies in kiev why do you think are they taking sides against the government. i guess that they do that because of them is probably important to keep your brain at more distance from russia because uniting of russia and ukraine or at least the good sides can raise an economic sphere has also jellied to go on in fact for the last and gone through this is why they tried to keep ukraine more reason from russia. well you mention the word geopolitics here so europe is still trying to persuade ukraine to sign a deal how likely in your opinion is this to happen in the near future i think they go for a little because the marches and he do march resources financial police are going forces economic along and the ukrainian opposition is not and abandon all non grand position of these lads like the russian consulate that was this project. which i would call it project

president george h.w. bush's dream of a europe whole and free, one that ultimately could embrace russia and its closest neighbors, former elements of the soviet union, in one form or another. one of the best forms was the eastern partnership agreement of the european union. the latest news from the region underscores further that the future is unlikely to be determined by tanks and troops in this new era of global competition that we have entered. russian president vladimir putin on tuesday said he had agreed to loan ukraine $15 billion and cut the price of critical natural gas supplies. ukraine's prime minister called the deal historic. in brussels, a draft eu document indicated ukraine could have gained even more from the west but with different conditions and perhaps not as plainly put. had it signed the eu pact, it might have had $26 billion in loans and grants from the eu over the next several years, it if it also agreed to the imf package. the ukraine pivots eastwards, hundreds of thousands of ukrainians pivot westward, desiring to be part of a europe whole and free. it is

caught between the deep lucy.he if the fed starts tapering then see rising in europe. that is a problem. taper, thedoesn't euro goes up. that is a problem. that is a really difficult problem for the ecb to deal with. >> they are in a tough spot right now. they're in a tough spot because there are well behind the curve. they just embarked on for where the likes of the bank of england, the federal reserve have tied their forward guidance to thresholds. a lot of people will tell you the ecb is behind the curve. what was the incentive to cut rates last month? there was a big incentive to cut rates last may as well. what are they going to do? we want to keep our patterns right. have been talking to a lot of people and they say the ecb should have acted a long time ago and a lot more aggressively. are they going to come to the table too late? ferro with the very latest on what we can expect from the ecb later today. >> we're going to have it all covered. let's talk about company news that you need to know about. apple and china mobile are on the verge of thinking an iphone deal. that

long, holding europe this contempt for so long, the promise of a world position opened doors of monetary opportunities for some. a bridge across the atlantic at last. and where more obvious for that new american power to express itself first than in a capital, washington. here and here alone in this period. america's strong voice was first heard in 1895 when no-nonsense president grover cleveland threatened a military action against britain and venezuela if they did not settle their south american differences. he condemned them both for the defiance of the monroe doctrine. the sleeping giant had stirred, and it shocked the world's full notice. the second and, of course, most powerful event was that sword-swinging spanish-american war in 1898. john hay, then ambassador to st. james, our splendid little war, and that conflict sent america into possession of the philippines and other parts of the south pacific and into a land war with spain and cuba. when the smoke cleared, the united states could at last call itself an international power and world power, even if the latter would

germans have got a bit of inflation white unlike the rest of europe. when it comes to investing across the map, we had a conversation today with the cio for ubs wealth. he says the real economy is getting better. europe is going to go through more deleveraging. get ready for equity market returns of around seven percent to eight percent. that is on a global basis. still, equities look attractive. this map is about the moment. paris just opening on the green. let's see what they have got that the rest of europe haven't got. vivendi up 1.7%. lvmh up 0.5%. struggling europe for any upward bias in the first opening calls. we will see how the morning trade progresses. john and caroline mentioned a couple of stocks. rbs, the cfo nathan bostock is going back home. cfo, gone down as the from rbs. , marginsxt -- inditex are rising. company in italy, berlusconi family invests. holding divesting their in the company. we will see how that trade plays out through the rest of the day. by atock is being placed number of institutions. in terms of currency, the overall direction of the dollar -- we had

russia's relationship with the europe and its former soviet allies or the c.i.s. now of course he said that moscow isn't a looking at backing down from its eurasian union plans but it's also not going to stand. against the desire of its allies to move closer with europe but it's not done with a hot head but through negotiation and working together. and also in his address in touch upon the situation in ukraine retracing russia's proposal of economic integration equal turns live now to the scenes of paul scott is in the ukrainian capital for us hello that poll and that's been the three weeks of public theory is that any signs of progress have dying down. or the mood amongst the protestors is as defiant as ever and the blockades and barricades set up around independence square i was large as ever before they've been reinforced with sandbags filled with snow with barbed wire on benches and although the situation in kiev right now it feels quite calm the threat of sanctions is hanging over the country as well u.s. secretary of state john kerry said that america was disgusted by the events

thousands of homes. in europe, storms wreak havoc to christmas travel plans. > time now for our media watch section. joining us is our correspondent here in the studio. tell us what has been trending? >> el well, the big story that has been buzzing this weekend is the story of the p.r. executive who tweeted this. you should see it on your screens now. this tweet is recent and idiotic and caused quite a stir there. it wasn't viral just as she got on her flight. it provoked such outrage that even before the plane landed, the company she worked for reported they were firing her. this happened just before she landed. this is the time line of how events unfolded. justine landed yet. ever since then her twitter and facebook accounts have been closed down. she has issued a very possible apology. what is interesting about this story now are the reactions that have followed since the story unfolded. some twitter users were un comfortable with the way things were rolling out. opinion pieces have been published. here this one says she has published a racist tweet, and now she has been lync

extravagant courts of late medieval europe. from their base in burgundy, by marriage and diplomacy, they acquired large areas of the netherlands to build an extensive, though fragmented state of vast wealth. in 1404, duke philip the bold died at the stag inn near brussels. 20 years earlier, his royayal sculptors had begun work on philip's tomb. one of them carved these images of the funeral procession which transported his body back to burgundy. clothed in the habit of a carthusian monk, philip's embalmed body was sealed in a lead coffin and carried in a funeral cortege whh took nearly seven weeks to wind the 250 miles from brussels to dijon. accompanied by his sons, his chaplains, and members of his royal court, the hearse was drawn by six horses in black with the blue banners of burgundy fluttering at its corners. at dijon, it was received not only by the weeping clergy, but by 100 chosen townspeople and 100 poor, also clad in black at the duke's expense. as with the other great royal and ducal rituals of the later middle ages, death itself could be turned into public theater. philip's

no substitute to an effective or independent justice system. >> thanks for that. >> in europe, eu leaders say they have a plan to rescue failed banks without forcing taxpayers to foot the bill. the problem is it looks like it will tap into the accounts of depositors with more than 100,000 euros in a single bank. >> a preliminary deal has been okayed at a summit in brussels. the pact includes a fund the banks themselves will finance worth 55 billion euros. we will go live to our brussels correspondent. first, we have this background. >> eu leaders launched the summit, saying important progress had already been made. a head of the meeting, european finance ministers announced they had agreed on the third and final pillar of a european banking union. >> the details still need to be hashed out by the heads of state and government, but once we have reached an agreement, it's going to be a big step forward. >> in the summit, leaders will also return to another old thorny issue -- defense. several states, including germany, want to expand cooperation beyond the building and buying of mil

badly wrong. europe found itself in a major war would understanding what had happened. in the end of the 1890s, germany decided to do a naval raid with great britain. great britain began to look for allies. i decided this is the point to try to explain the background, the temptation of history is you go back and back. i went back to 1890s. >> any recommendation? i read your book, it's a very complicated story. how do you approach it? how should someone approach it to try to get a grass b of all of the different empires and countries and who they're associated with. >> i did the approaching. i tried to divide it up to understand what the players were, what their thinking was and what their structures were. i tried to explain what britain was like as the process moved to when the war started. britain was the biggest economic power in the world. biggest empire. it was feeling strained. i tried to do the same for france, russia, germany, austria, i tried to give people an understanding of what the countries were like and what the concerns were. and then i tried to say something more gene

looking for integration with europe and yet there is a third party of people who are saying that all of this is in fact done by forces from the outside of ukraine in fact when you look also at the reaction of some of the western politicians to the events in ukraine you will see that some of them particularly those of polish origin people are very supportive. of you who are bored of europe and we will sue poor hugh reverse. you know. i came here to support your dream your striving towards the european union to support your march most knowledge but i know that there are forces in ukraine who think different. and of course how events in kiev will turn out only time will tell. and we asked the school ski there recto the european center of geopolitical analysis whether it's acceptable for polish politicians to chair protesters in ukraine as far as i know and no one knew that the president either the prime minister has entitle them to speak and voice the polish. polish official opinion about the events in kiev second i don't know if mr proper shave each had the right to speak on behalf of eur

going to happen in europe. right now, the ecb has been shrinking its balance sheets. in other words, the ecb has been withdrawing from the special monetary measures just like the fed, but the markets never really noticed. whys has the market not noticed? right across europe, particularly the funds, they're actually increasing their weight toes fixed income. my sense is that trend we've seen in the latter part of 2013 will continue in 2014. why? because when yields go higher, it means they want to lock into those better rates. we don't see that trend in the u.s. my sense, therefore, is we could see an outperformance of fixed european income over the early part of next year. >> which is kind of interesting. is there a point? if u.s. yields rise further or quicker, will that be more on destabilizing? is it going to rise gradually? >> if that were to be the case, we would have seen yields a lot more volatile in the second half of 2013 and they weren't. my sense is probably around april or may, that was the fiscal period. it is now over. the policy response will be -- >> there's been wit

about companies that have the opportunity to monetize europe in a better way they did in 2013. europe is certainly bottomed economically. the case that europe is st. louis a couple years behind the u.s., as far as use of social networking, facebook is one of the few companies that offers a critical mass for advertisers. this is an advertising business. 90% of its sales is done through advertising networks. in the case of q4, for example, expectations they're going to grow sales 16% sequentially, up from 13% expected growth just two months ago. i think they'll upside q4 and upside 2014. 20 times, yes, it's expensive, not a cheap stock. don't care -- none of the stocks are supercheap, not looked at by value buyers. for the growth rate, we like facebook quite a bit. >> got it. thanks for joining us. happy new year. top picks google, facebook, priceline. could you buy any of those stocks? >> disney's kind of interesting. but i do worry about the networks of the stocks that they mentioned because you've got such a competition now for cable, networks, facebook, with google, with all of thes

in europe this time ukrainians are suggesting their president should burn in hell the language of the protest changed dramatically after last friday's dispersal of a peaceful protest. it's still not completely clear who incited the violent attacks on city hall and the president's office some accuse all true right wing supporters of the say it was provoked it says whoever it was the group was prepared and very well organized. from us with. those who have organized the protests before the protests we have heard about the activity south. and buses and geos financed and supported by different countries by foreign countries so we see that this is the kind of president exerted by external sources for the ukrainian government for ukraine and how far it is to think once again have about. toys which ties is geopolitical choice which geo economical ties would be right and better for ukraine adding fuel to the debate around who masterminded the clash is the continuous a period so if you are a peon politicians. the vice president of the european parliament a prominent politician from and the

where we stand in our relationship with europe at the moment. that's not to say that the russian now zero four people are accepting dot integration it's the same house changed over time we joined the european union as a country whose level of income was below the european average despite everything that's happened we're now at least in line with and ahead of us in some cases in terms of your specific question regarding banking destiny that's a very very controversial question in our politics let alone european politics. but i think there's a number of facts that we have to lay low. the first one is the. irish decision to put in place a banking guarantee how can doubt a time of global orthodoxy regarding the failing banks need to be supported. so to see incurring bank purely as a result of our relationship our membership of the european union is an analysis that i would i would challenge absolutely the you mentioned this prevailing are for the exits and i think one country that was sort of subjected to the same sort of pressure was iceland which was a time also on track of joining the

know there are no reports of any casualties. >>> well in five hours, europe will start rolling celebrations of the beginning of 2014. that gives us the perfect chance to look at european markets and their fundamentals for the year ahead. speaking of 2014, much of the united states is bracing for major winter storms. the forecast is next. if you're living with moderate to severe crohn's disease, and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief, and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humi

pro europe pack. it also occupy the mayor's office and turned it into what they're calling their revolution headquarters i'm the worst critic and i'm missing more than a decade opposition leaders and bonds tubing down the dock minute the fronts are heartening in ukraine. crowds of demonstrators blocked key government buildings and taking control of facilities in scenes reminiscent of the two thousand four orange revolution. thousands have pitched tents and belted state of the government resigns. anyhoo closer ties to the european union who make their country more prosperous. i am against our criminal president on tv they see that we have salaries of three hundred zeros. but i can tell you that no one has his salary. in the province's people are starving it with me. chairman and eu officials are worried that the conflict could provoke further violence in ukraine also reducing the spread of course the freedoms and rights of people. the last race. at the same time limited appeal to demonstrate this to show restraint. of course this comes as a result of the fact that many many things

turn away from europe. my siblings and evidence points to war crimes committed by the syrian government tonight government has ordered police to remain barricades outside government and police headquarters and two and i'll protest is in sorry. this takes the sense that the government wanted to avoid any type of confrontation and finance the phrase panties in banco pay for the weekend and on monday. anti government protest is trying to still the official buildings. thai prime minister has rejected demands that she step down unit to watchers said it could be unconstitutional that she is a pain to make a ca shoes . despite freezing temperatures thousands of printer you demonstrate is that kept up their demands for ukraine's president viktor yanukovich to resign they appeared to be instead on by the solidarity between guy that supposition eat this kind of bond that snaked out during the weekend scott says the edited photo who we call for the impeachment of the president for the resignation of the government's criminal proceedings against those who raced back and it's against our

her new policy on europe. what will it mean for the eurozone debt crisis? we speak with our political correspondent. >> and it looks like a new head coach for the world's current number two. some of russia's best-known prisoners, including the two jailed pussy riot members and 30 greenpeace activists could be freed after the country passed a wide-ranging amnesty bill. >> pregnant women, mothers, veterans, and those with disabilities are also set to be released from prison. >> thousands of people will be freed to mark the 20th anniversary of russia's post- soviet constitution. will talk more about this with a russian journalist. first, here is this report. >> it did not take long to rubber stamp the kremlin-backed amnesty law. thousands may now walked out of jail including prominent putin critics like the two pussy riot activists locked up for a protest in a russian church. this amnesty is the most wide- ranging in years. it could lead to the release of high-profile western detainees the kremlin might like to see the backup. the amnesty law extends not only to convicts, but to those un

europe whole interest free, one that ultimately could embrace russia and closest neighbors, former elements of the soviet union in one form or another. one of the best forms was the eastern partnership agreement of the european union. the latest news shows it's you think likely by tanks and troops in the era we have interested. vladimir putin tuesday said he agreed to loan ukraine $15 billion and cut the price of critical natural gas supplies. ukraine called the deal historic. a document reported by the wall street journal indicated ukraine could have gained more from the west with different conditions and not as plainly put. had it signed the pact, it might have had $26 billion of loans and grants from the eu over the next seven years. and if it also agreed to imf package. while the you crane pivots eastward, hundreds of thousands ukraines pivot westward standing in protest for their continued desire to be part of a europe whole and free. it's in that context that we welcome back a great friend of the atlantic council, senator john mccain who visited the protestors over the weeken

report last week it was all about the willingness to be in europe this time ukrainians are suggesting their president should burn in hell the language of the protest changed dramatically after last friday's dispersal of a peaceful protest. it's still not completely clear who incited the violent attacks on city hall and the president's office some accuse all true right wing supporters others say it was provocative as whoever it was the group was prepared and very well organized. as you can see the pictures of the ad take. money simple authorities building team key if it has been his pirate and conveyed by will try nation on these forces what is quite interesting those parties get the support and funding from n.g.o.s which are run by american foundations quite active in the ukrainian political sense adding fuel to the debate around who masterminded the clash is the continuous imperial so if you are pm politicians at protests the vice president of the european parliament a prominent politician from a nice way to and a leader of the polish opposition all made their mark at the rallies. th

strong year for u.s. stocks but says the best opportunities will be in europe. he is chief global strategist at j.p. morgan. >>> glad to be here. >> so david, tell us why europe? we still see headlines out of europe making investors concerned. why do you think it is where we can have the best opportunities? >> well, of course, that is the case, the best time to invest is when people are really worried. and people are still worried about europe, they have an unemployment in the eurozone of 12.1%. they are gradually pulling out of the long series of recessions that they have had. and if they could just get back to normal, even if it took a number of years, i mean, normal for europe would be a 7 or 6% unemployment rate, pretty much the same as here. but we're quite close to that. they're not. so over a number of years if they can get back to full employment it means a lot of economic growth and stock market appreciation, so there is just a lot of room for them to improve. >> and we're hearing from a lot of experts that the merging markets are making a comeback, they had a really bad

sold for $1 billion at a healthy profit. here in europe, i think this is are limiting their exposure, getting rid of the chevy brand which will be gone in two years. europe has been a bloodbath for gm. not just a short-lived one, but it has gone on since 1999. they have lost $19 billion here. back to you. >> ryan, thank you very much. ryan chilcote on the latest from the car sector. >> on the ourmberg exclusive, european business correspondent caroline hyde joins us now with more on the google story. all aboute, this is optimizing performance. google can basically better control the interaction between hardware and software, but it is also about cutting costs. giants such as google and facebook are looking for lower powered machines for their more basic applications. for those applications you don't need massive amounts of computer power. you can use a cheaper chip. now they can steal market share and service. this is all about disruption of the established order. >> the established order being intel? >> exactly. not such good news for intel. google is amongst the largest buyers. it

, maybe more. a strong balance sheet. rather significant affiliations, visa europe, visa u.s., significant equity ownership in the company. ibm does significant amount of business with them. and they've been signing up new clients literally on a weekly basis. so far, sprint is monetized, sandridge, quality corp., a health care provider in brazil, growing very rapidly, lots of free cash flow, very low multiple relative to the free cash flow, looks very interesting. and a new name for us, and we own it, is sun edison, which is a leading company in the solar energy field, and it's kind of remaking itself. they'll be spinning off their money-losing semiconductor business. they're going to take their -- some of their product and put it into a high-yield, income-oriented vehicle, and we think the sum of the parts is 20, and the stock is trading around 12 and a fraction. those are the five we picked. we have a 90 or 100 positions in a portfolio. >> right. >> even though i'm kind of positive small "p," we are finding a lot of things that make sense, so we're kind of busy and selling things that we

. will he run for parliament? that is another question out there. >> david tweed is our europe editor. >> we are following the biggest initial share sales since 2010. we have the correspondent, caroline hyde. times oversubscribed. investors andn professional investors sold more than three quarters of a billion euros. out on the come higher end of the market. it is a phenomenal amount of demand. they are luxuriously priced ski wear. it costs $15,000 to get some of these. interestingly, montclair, the a tying company, -- the italian company is named after a french village. in excess of one billion. >> what is the plan to expand the brand? >> people have already gotten 100 directly owned stores globally. they are all going to be there. it is going to the emerging and russia, asia, the americas. buy aairman is looking to niche brand. this is a company that is very reliant on sales and other clothing and accessories. they could diverse affiant themselves. sales were up last year. >> this comes on the back of a strong year for ipos in europe. this shows the sentiment with luxury clothing an

. bush's dream of a europe whole and free, one that ultimately could embrace russia and its closest neighbors, former elements of the soviet union, in one form or another. one of the best forms was the eastern partnership agreement of the european union. the latest news from the region underscores further that the to be is unlikely determined by tanks and troops in this new era of global competition that we have entered. putinn president vladimir on tuesday said he had agreed to loan ukraine $15 billion and cut the price of critical natural gas supplies. ukraine's prime minister called the deal historic. etu -- als, an draf eu document indicated ukraine could have gained even more from the west but with different conditions and perhaps not as plainly put. pact, itgned the eu might have had $26 billion in loans and grants from the eu over the next several years, it also agreed to the imf package. while the ukraine. eastwards,ine pivots hundreds of thousands of ukrainians pivot westward, desiring to be part of a europe whole and free. it is in that context we welcome back a great frie