Sovereign debt. And a slowdown in australias mining boom catches up on revenues. It sent the nations deficit looming well past earlier forecasts. Plus, the prognosis with doctors, less than healthy. Gsk will stop paying doctors for promoting its drug, a first for the pharmaceutical industry. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome. Youre now watching cnbcs worldwide exchange. Plenty to get through on todays program as we get into the christmas and new years spirit. Will there be much cause to celebration as far as assets are concerned . Well speak to an expert who is advising caution on european equities in around to minutes. After months of rapid gains, the u. S. Housing market appears to be well on the way to recovery. But buyers beware, the seconder could cool off. Were going to check on housing at 11 00 cet. As glasso smith cline announces a shake up in its policy to promote drugs, well take a look at pharmaceutical