We need to get the assurances from greek lawmakers that they will in fact sign off on these new reform measures, and that hell not try to renegotiate when greece holds its next round of elections in april. without that assurance it s uncertain whether the eu will in fact go ahead and give them the bail out money. in the meantime the people of greece are already facing another year of recession. they ve seen unemployment go to 20%. they are seeing the taxes go up, and their paychecks go down, and they are not very happy at all. of course that was evident on the streets of a t-rb athens. tonight so far it is calm. things can change quickly. the future of this country very much unclear. for now greece has done what it said it would do and pass that reform measure in parliament, now it s up to whether the eu will indeed release that money that this country so desperately needs, jon. jon: birthplace of democracy. so sad to see what is happening
Berlusconi at his word because of his sexual scandals, because of his more than 2500 appearances in court and all the charges against him, and they thought well, this will go on a long time. today a short while ago, the italian president napolitano said they will try to pass the reform measure that would allow berlusconi to resign as he said he would do in a matter of days, perhaps even over the weekend, but it doesn t seem to be doing much to stabilize the italian economy. borrowing rates are going up and up and it is close to what required other countries to have international bailout if not already incompetent that territory. richard engel from rome. thank you. iranian president mahmoud ahamdinejad said the country will not retreat from the nuclear program, and he dismissed reports from iaea that iran may secretly be working
neil: stocks may be off a smidge but the dow up 7% higher than where it started. the best monthly gain in a year. nasdaq up and strong earnings fueling the rise. we should say all the major averages are essentially back to flat on the year but a gain on the month is a gain on the month. in the meantime, fox business apparently changing the world as we know it. we re getting word from democratic senator ted cop he s joining crit ticks of the sec with wondering about the provision that allows them to essentially get a pass maybe on freedom of information requests. he says the provision is overly broad and he s seeking a do-over on this sec provision and the financial regulation reform
You look very nice this morning. very nice. anyway, the matter at hand. thank you very much. you re welcome. i appreciate that. compliments are few and far between so thank you. all right. good morning to all of you. the ranking member of the senate committee on small business and entrepreneurship and a senior member of the senate finance committee is paving the way for the senate to move forward in passing the financial regulatory reform bill. in a statement, she says to ensure we avoid another financial catastrophe such as the one that plunged our nation into the worst recession since the great depression, it is imperative that we implement an aggressive overhaul of the american regulatory financial system and this effort must include real and substantial consequences for those whose reckless actions caused a crisis in the first place while guaranteeing the transparency and accountability of taxpayer dollars. senator snowe is not the only republican to move forward in favor o
Derivatives. on capitol hill, one of those leading the charge against derivatives said a reform measure would shine the light of day on those shadowy financial markets. joining us right now, senator blanche lincoln, joining us. thank you. we want to talk about derivatives, because you have a bill on capitol hill that you think will go a long way towards stopping this sort of thing that caused the economic meltdown. it puts what is it $6 trillion yeah. worth of derivatives market. is it really possible to control that kind of cash that flows that quickly? well, i think it s real important for people to know that with the $600 trillion marketplace, where these derivatives have been, these over-the-counter market products, that we don t know about them except the fact that we looked behind it. and so the whole objective here is to create transmarnssy. our bill does that. and i think it s probably, i believe it is, the strongest in