politics, ordinary spaniards feel the pain. and the french president says it was a mistake for greece to join the euro. first off, let's go straight to the european stock markets and see how they're faring at the minute. we're seeing a higher open and that in turn follows rallies on thursday after that crucial deal was reached at the eu summit in brussels. we'll bring you the numbers in a moment's time. first up, let's tell you what's making news across the region. in particular, it is the french president, mr. nicolas sarkozy. in an interview on thursday, sarkozy said allowing greece into the euro zone was, it seems, a mistake. greece ended with false economic figures. it was not ready to do so. sarkozy spoke with the chinese president, hu jintao on thursday to assess china's reaction to the eu deal. we had spanish jobless figures being released a few moments ago. what we know is the spanish jobless rate has risen to 21.52%. so 21.5% across this euro zone nation. this means that spain still has the worst unemployment figures for the whole of europe. and when you have a look at how the spanish stock exchange is doing at the moment, that's the ibex in madrid. it's currently up by 0.33%. slightly modest gains. the rest of europe is doing quite a bit better that gives you an idea of how much the unemployment figures have put a damper on the early morning action. we have a bit of a downnote for the ftse 100. stronger gains, as usual, these days for the dax and also for the cac 40 as well. of course, yesterday we did see the euro jumping about 2% against the u.s. dollar. it has waned slightly on friday's session. a lot of this moment in the stock markets and the currency markets is, of course, thanks to the last-minute deal that euro zone leaders managed to clinch in brussels about 24 hours ago. asian investors still have their fingers on the buy button, following yesterday's breakthrough. the market's on track for their best week in nearly three years. ramy inocencio has the closing numbers and the major headlines out of the region. >> first off i want to tell you about a deal happening in china. we're talking about the deal in europe. that did happen with esfs. in china, no deal for clauhim. meantime in the smartphone wars, it turns out we have a new king. samsung toppled april until the third quarter to be the world's top smart phonemaker. the south korean electronic maker said it shipped 28 million handsets, compared to apple's 10 million. samsung says that's a jump at 44% quarter on quarter. and the asian markets, the nikkei closed up 1%, having pushed past the 9,000 mark. banks and exporters here were up, toyota and honda, higher by about 3%. on the flip side, olympus, the cameramaker closed down by about 10%. reeling from a consultancy fee scandal that cost the jobs of its top two executives. in hong kong, the hang seng was up 1.6%, making for its biggest weekly gain in two years. bank stocks are still cashing in out of thursday's deal. the kospi closed up almost 0.5%, hitting a three-month high earlier today. samsung closing up more than 2% after the news about its hand phone shipments, of course. the asx 200, this staying flat, closing nearly flat, pairing earlier gains we saw in the morning, banks and miners, piling on more from yesterday, rio tinto and billotin closing up as well. the kospi up about 4%, the shanghai composite up nearly 6%. that esfs breakthrough is translating into a breakout in asian equities. nina? >> it's amazing how that esfs agreement finally had, let's say, an impact on all of the world's markets. ramy inocencio, many thanks for that. let's move from asia and europe to wall street because big applause and big gains on wall street is what we saw yesterday. the dow jones industrial average is heading for its best month since back in january 1987. and u.s. markets look set for slightly lower open when trading begins later on on friday. here's where the premarket action stands at the moment. the futures indicate we could see a loss of between 0.5% and 0.25% for those markets in four or five hours from now. let's return to the euro zone and in particular spain where the country's jobless rate continues to climb. the latest unemployment figures released today are up more than 0.5% for the third quarter reaching a total of 21.5%. if you translate that number, it means almost 5 million people out of work. that figure has more than doubled since back in 2008 when the country's labor intensive property market collapsed. and these people, a protest group known as the indignants have been on a campaign for equality in spain. the indignants movement began in spain earlier on this year. it's seen as one of the inspirations behind the occupy wall street protests that we've been see going on for the best part of a month or two now. they are planning an international day of protest on saturday, which they say will include at least 70 countries. al goodman has been monitoring the very manies in madrid. he joins us now. let's start out talking about the jobless numbers here in spain, bigger than expected, 0.5%. this situation just gets worse and worse, doesn't it? >> it does, nina. and usually the third quarter in spain is a pretty good quarter and unemployment normally would go down because of the seasonal jobs in the big tourism industry. not the case this year. the government said they wouldn't get to amillion people. it's just about 22,000 people short of getting to that psychological 5 million number. the jobless total went up 144,000 in the last quarter. this is very bad news indeed as the numbers jumping up. this is a figure that all the economists pay attention to because it compares to people going into the unemployment offices with the entire working population. most of the sectors increased in joblesses in only industry went down. we were talking at a leading business school, the ie business school just yesterday with some students, some nba students. we talked to a british man. let's listen to what he has to say about his job prospects. he's worried not just about spain and the uk but the whole eu. let's have a listen to what he has to say. >> i do think i'll be able to get a job but the question is where and what sort of industry. i'm considering alternatives which one of them is a move to asia, trying to capitalize on the booming markets over there. >> and nina, you're seeing essentially almost a lost generation of young spaniards. the best educated group of spaniards in the history of this country, many of them thinking of going abroad like this young man. nina? >> youth unemployment really is eniter it stage here in the united kingdom where one out of five people under the age of 24 are out of work. it's nearly 40% in spain. what can authorities do to bring these people back in to work or even in to work for the first time? >> they're doing -- remember there's going to be national elections, early elections next month on november 20th. the two-term socialist prime minister is not running again. he's been too politically damaged by this economic crisis. his government has got some plans out there to have that internships count toward your end of life social security and plans like this. but basically leading economists this morning on the radio i've been listening to are saying these latest figures for the overall working population, for the jobless overall but especially for the youth there's no real movement in the economy. demand is down and demand from what would be the normal export partners, france and germany, are also down. there's no bright prospects even close. nina? >> is this a disillusionment from the protest movement? they seem to have given other people the idea of doing the same thing. what's the feeling like on the ground there in spain? >> it's interesting with the indignant movement, which is called mesath. however you want to shake it out, the numbers of people on a massive protest on october 15th that we covered, you didn't just have young people. you had old people, grandparents, little children. a lot of people are coming out to express their sadness and outrage with the economic situation, what they say is, yes, it's a democracy in spain but it's not open enough. it's too centered on the two big parties. there's a lot of disillusionment here and one might expect it could even grow. nina? >> al goodman, joining us from madrid. many thanks for that. the occupy london protests have led to a high-profile resignation. the cannon of st. paul's cathedral has stepped down. the reverend dr. giles frazier has pledge his full support for the protesters and said he could not back violence in the name of the church. it goes to show we're seeing similar situations here in the united kingdom to the ones we were talking about in spain with al just a moment ago. he may not be about to quit his job but donald trump has his eye on the grand protest movement. he spoke with piers morgan and seemed to agree that the demonstrators, to a certain extent, had a point. >> i think some are very serious people. i think some of them are down there for dating purposes. they're down looking for girls, looking for women, looking for men. they're looking for anything. some are very serious people and they should be serious, because the economy is terrible. i personally think wall street isn't their target. i think their target is the white house and certainly washington. >> and at the other end of the political spectrum, the fillmaker michael moore was more unequivocal earlier on this week. >> this is a conglomeration of ideas and thoughts and feelings about what's happening. it all points to, are we going to live in a democracy that's run by the majority of the people or are we going to be be living in a cleptocracy? millions have been thrown out of their homes, millions are without health insurance. millions have lost their jobs. how month millions do they think they can abuse like that before people start to stand up? >> protesters in new york and other cities around the world are expressing many views on many issues. one thing is safe to say, they agree on, too much wealth it seems is concentrated in the hands of just too few people. a new report from the u.s. congressional budget office may support their argument here. it shows in the united states, the super rich it seems are getting even richer even faster. the report shows that the incomes of the top 1% of american earners have risen by nearly 275% over the course of the past 30 years. now, in comparison, the middle class saw their incomes grow by 40%. the incomes of the poorest americans, which account for one-fifth of the population rose by just 18%. >> to find out just who are the people protesting behind the global occupy movement, cnn.com created its own page called meet the 99%. ten i-reporters in ten cities around the world have been capturing portraits of the demonstrators who shared their reasons fordowning the movement, from the united kingdom to denmark, canada and the netherlands as well as the united states. the protesters are diverse, young, middle-aged working employees -- unemployed, excuse me. they echo recurring themes, however, by fighting corruption and corporate influence in government. now, a comment from the french president has some shaking their heads and others nodding in agreement. we'll tell you what the french president, nicolas sarkozy said when we come back. where there's magic. and you now understand what nature's been hiding. ♪ at dow we understand the difference between innovation and invention. invention is important. it's the beginning. it's the spark. but innovation is where we actually create value for dow, for society, and for the world. ♪ at dow, we're constantly searching for how to use our fundamental knowledge of chemistry to solve these difficult problems. science is definitive. there is a right answer out there. 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>> the backbone of our country, and in most countries, is the public sector. we have a very good one but we have too many. and over time, the governments have basically implied more and more people into the public sector, so a job that could be done by one or two people efficiently has been handled by three, four, five people. i would say 25% of our working force is in the public sector. we have created a middle class, which is somewhat a false middle class. they've been able to live under wonderful standards. >> that middle class largely works in the public sector and they're losing their jobs now. >> losing their jobs or being brought down dramatically in the level of income they'll be making. >> just describe the atmosphere in greece right now. >> the whole country is not as aggressive as what you're seeing. there are people who are very, very good people who want to work hard. to those people is who we have to direct our attention to. there are 11 million greeks in greece and equivalent 10 to 11 outside. the ones outside, everybody will know very well have done entrepreneurial jobs from owning their own restaurants and being millionaires and billionaires, in australia, england, america, around the world. we still have a lot of that kind of personality in greece but some of it has been sucked away from us just because they were offered jobs that helped re-elect different governments. that is where we have to change. we have to reintroduce the private sector. >> could this be a fresh start for gross, do you think? >> the real issue are the confidence factor in our politicians, whether it is this current government, previous governments or future governments. there's a high lack of confidence in these people. >> rather future of the euro. do you think it will continue to exist in the form it's in right now? >> being in the euro has not been useful to us. it's been expensive to live. the cost of living in greece has gone up and our -- the minimum wages are 600 euros. that will drop to 300 euros. it's expensive to live. how can you survive under those conditions? the answer is, i think it's going to be a rough road for the euro and it may change what it looks like today over the next few years. >> the crown prince of greece speaking to cnn's max foster. after the break we'll have an update from thailand. all across the country, roads and factories have been swallowed up by dirty, relentless waters as the high tide arrives. stay tuned. ( phone ringing ) okay... uhh. the bad news, it's probably totaled. the good news is, you don't have to pay your deductible. with vanishing deductible from nationwide insurance, you got $100 off for every year of safe driving, so now your deductible is zero. the other good news ? i held on to your coffee. wow. ♪ nationwide is on your side ( laughing ) it's actually a pretty good day when you consider. that's great. a crisis of natural forces continues to cause problems in thailand. nearly so million people are being affected by floodwaters that have been inundating the country for weeks now. at least 373 people have died across thailand and the waters in some places are still rising. cnn's sara sideman describes how the crisis sun folding in the capital, bangkok. >> reporter: here in chinatown, most of the shops are closed. you're standing in an area where the boats have been provided about the the police rescue. at one point this morning after high tide came in, you could see water on nearly every single street in and out of chinatown, some of it about a foot high. it did recede in a few hours. people are happy with the drainage, it seems to be working quite well. to the east of the city, where government warned people to evacuate, water is flowing into the eastern part of the city. it's starting to get higher than the sandbags that have been stacked up there. there's also issues in this neighborhood, which is quite a large area. they're seeing flooding in that area. again, another high tide is expected this evening around 6:00 local time. people are bracing for that. many, many people have left the city and it is considered a holiday right now. sara sidner, cnn, bangkok. also the latest on the record flooding across the country, let's go over to meteorologist ivan cabrera standing by at the cnn international weather center. iv ivan, we've been talking about this dramatic situation for weeks now. how much of a factor have the tides got to play about this and what more can you tell us about what's coming up. >> nina, good to see you. the tides have played an important role. heading into the weekend with astronomically high tides we'll get into more significant flooding. if we could only keep that water ankle deep we'd be in good shape, though i think it will be getting much higher in bangkok itself. as a result of that backing up. i'll explain that in a second. here's the grand palace, 2 1/2 meter embankment. that is how high this wall is that protects bangkok's city center from flooding. we have now reached record levels. we're at 2.55. we have seen the water overflowing the banks of tha