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tough enough to withstand another financial shock. >> i think they've injected themselves into a situation that's beyond their comprehension. >> plus a former fed boss paul volcker has a blunt message for the ratings agencies. quit meddling in things you don't understand. we have that candid interview in full. but first, though, we begin with the tide of debt that is causing problems on both sides of the atlantic. this of course with the results of the european banking stress tests out later on today. now, that is seen as one of the -- one of the most debted nations, italy, is of cou...

parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch's media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he's 4 surgery. those are the headlines. those are the headlines in cnn in london. "world business today" starts now. very good morning to you from cnn rome. >> and good afternoon from cnn hong kong. i'm paul...

Call the toll free number on the screen for your free information kit today. the risk is real. take the next step. call today. in greece, as many as 20,000 protesters rallied across athens on wednesday. they're angry over a government austerity plan that cuts budgets to reduce the country's deficit. police fired tear gasz and stun grenades, at least 17 people were injured, including a police officer. authorities say that five people in total were arrested. welcome back from cnn london and hong kong, this is "world business today." commodities took another

>> oh, my god! >> you're so influential! >> big joe, heating up the house! >> i'm getting out of here. >> so you make fun of tina last hour, with the hair and now you're making fun of me. just stop it. >> that's brilliant. >> whatever, that was brilliant. so, katty- >> influential, influential. >> shut-up. stop it! >> yes. >> so, katty, we're going to talk about the economy. so we talked yesterday about the gdp numbers coming out. >> you were right, everything you said. >> exactly. >> watch out, the markets may move on what i say. anyway, what is it, the numbers only go up .5 over the past qua...

Specter of a possible pailobail many are saying they have an excellent political crisis. the prime minister was trying to get through the latest austerity plan. all united and basically voted this down. he said beforehand he would resign and he made good on that. it's up to the portuguese president, will there be new elections, will the portuguese president try to appoint a successor without elections? apparently the socialists, the prime minister's party, think they have a good shot if there are new elections in june, and the social democrats also think they have a good shot. you have all of ...