When we ask the direct approach for the immigration problem, you say, no, you are not part of europe. Reporter with more than 200,000 people arriving this year, the hungarian government says tough measures were needed. From this day on to make illegal Border Crossing is a crime. Trying to damage the fence itself is a crime. And we are setting up against human traffickers that is, organized crime. Reporter police have more powers and the International Organization for migration says the crackdown looks like it is breaking global rules. In belgrade i asked him what the serbian government was planning to do and how much assistance from the European Union good. At the moment in the form of donation in order to meet the basic humanitarian needs of the refugees. But this is not enough. Serbia has 2 temporary makeshift camps of the moment that are illequipped and this must change, especially as the bad weather is coming. An interesting move to spot is that the buses carrying the refugees insi
A very good morning for you both. Virus continuing to strengthen. Why no cure . We will be talking about where there are positive moves to be made. We expect litigation costs to fall. Number should occur. We are going to focus on it in just a moment. Now isu need to k portugals central bank has taken control. Israel has announced the seven hour ceasefire with gaza. This follows yesterday which included chilling of the United Nations shelter. The ceasefire would occur from 10 00 until 5 00. Portugals central bank has taken over. Amounting tos 5 billion euros. It is still a costly venture for the country. Essentiallyit works. The Portuguese Central Bank is taking control. This was financed by its biggest bank. Then when they are ready they the juniort. Bondholders have those parts. It is an empire a compass thing encompassing so many things. Positive is that it has been sorted out, recapitalized. What that says is this is an example of menu efficiency with which of the new efficiency wit
France Business Leaders get together to push a positive message of the economy ful. Quotes welcome to countdown everybody. 6 00 here in london. Speak to newsmakers from bmw would car world, cars as easy as a oneway bike trip. Is a big day for fiat. The king ofting spain. The European Central Bank Governor refrained from quantitative easing in the eurozone but pledged to reassess the situation early in the new year. With inflation at a fiveyear , will action come too late . Here is what he had to say. Maybe they will start doing qe, but it will be too little, too late. , i think this would be over two years. They also have the right fiscal policy because qe works in the u. S. And u. K. Because we have monetary stimulus and you have backloaded fiscal consolidation. , they call the slowdown, started doing fiscal tax increase. You need to have fiscal stimulus in the eurozone. This will not be enough, you have to have demand. This will come too little too late. Today is at dartmouth profess
Hawkish. It looked at what we have some way to go on rates higher than people expected. That sent the market on the journey on the dow and s p down aggressively a lot of Companies Going down. The market decided we can ignore we will have to be potentially more aggressive on rates at the moment the time is coming it may come as soon as next meeting. The market decided to ignore the bit about inflation. Inflation needs to come down aggressively ive never thought about it as appropriate test for slowing the pace of increase the market ignored the cumulative tightening and the lags associated with the Monetary Policy with the inflation. If you wanted, there was a dovish narrative as well as the hawkish point. The market decided to focus on one side of the story. That was a minimal change from the federal reserve. You got the mixed picture on what would happen next guess what we are watching the data it is not end of story it is nearly when you consider that the markets down aggressively. W