The formonth extension of greeces bailout. Hans nichols joins us from berlin. This is expected to pass despite growing concerns in berlin about greeces new government. Hans it is being debated right now in the bundestag. There are about 22 defections expected from merkels party. Francine, what you are hearing right now in the German Parliament is basically a predebate, a debate that everyone expects they will have in four months time about whether there is going to be more a sent in greeces direction. What is clear from all the parties talking now is they are willing to give greece a chance. They want four months to see what this new government can do. It is contingent on what greeces moves are. It is expected to pass, but there is pressure on merkels party from the alternative for deutsche land, a new antieuro party. The next four months are going to be determinative. Everyone is trying to prepare their arguments for the battle to come. Francine hans, if you look at the hurdles, the g
Also coming up for you this hour, can chinas drivers be convinced to go green . We will have a report on the challenges facing electric carmakers there. And from baby fashion to bookmakers betting an az on the upcoming birth of the new royal baby. That and more coming your way. First, our top stories. First, hundreds of people are feared dead in the new migrant shipwreck off the coast of libya. One survivor says there were up to 950 people on board the ship and that some of them have been locked have been locked below deck by smugglers taking them to italy. It could be the deadliest migrant disaster to date in a year already heavy with victims. The Italian Coast Guard is still searching for bodies. It is our moral duty to concentrate on our responsibility as europeans to prevent this kind of tragedy from happening again and again. The main issue here is to build together the common sense a common sense of european responsibility. There is no easy or magic solution. But there is a respo
It gathered pace when yellin suggested we were in a different kind of mode. Where we are with some of the individual names vodafone had the rating reduced by s p. The debt rating has been cut. Thats the third lowest. 449 for the current offer. Get ready for more. That seems to be the news. They are preparing for a new offer of 500 swiss francs. We are trading below the current did. The market current bid. The market is a little bit unconvinced to do a deal at that price. They got tenants to stay. He is calling the bottom of the euro. It is going to base out around 104. You have quantitative easing. You have to really move on the machinations of greece. It really reinvigorated itself. You had yellin saying to get ready for higher rates. 12 year low. Will it get to 132. You enjoy the weekend. Spanish inflation month on month. The preliminary reading comes in at 0. 5 . 2 . The Inflation Numbers better than expectations. We get the final reading followed by inflation of italy. Bit later gr
Elections for the next president of the football governing body. It follows drama in which several officials were arrested as part of a probe into corruption. Support for sepp blatter appears to be weakening. In an exclusive interview, his former adviser accused him of serious mismanagement. Mark barton is outside the stadium in zurich where the vote will take place. What happened today . Mark i tell you what is happening right now. We are hearing that sepp blatter, the president , has asked for security to check the insides of the building, because protesters have interrupted the Fifa Congress. Theres not just protests outside. Behind me, we have Palestinian Protesters calling for the Fifa Congress to suspend israel. To suspend israel, you need a two thirds majority from 209 members. To my right, you have protesters from qatar complaining about the conditions that Migrant Workers are experiencing in the building of stadiums for the 2022 tournament. We have protesters in front of me, t
Unlock aid is not imminent. With that issue still hanging over the g7 finance minister summit, well be speaking to the European Union economic commissioner later in the program. Mark the japanese economy limp into the Second Quarter. The Central Banks key inflation gauge slows to zero. Anna embargo technologies agrees to buy broadcom for 37 billion in the biggest acquisition ever. Welcome to countdown. Manus y. P. Mor began job cuts well have de details later. Caroline fifa will vote for the next president of the body. Several officials were arrested. Manus his former advisor has accusedof, quote, serious mismanagement. Mark barton is outside the the headquarters in zurich. The vote is set to take place today. What way are the lobbies shaping up . Mark this is it manus, its david vs. Goliath. The brother of the king of jordan, the youngest fifa executive, the youngest Vice President at the age of 39. The incumbent seth blatter fourtime president. Will it be five . He has the majority o