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Of tricks to try and make it work but the stability pact has always been short of teeth that it doesn't bite the ultimate sanction has always been to find the country is running excessive deficits but no fine is ever been imposed and indeed it would be at all the crazy thing to do to find a country that is in budget troubles so they try to rely on lots of surveillance so called success a deficit procedure makes it sound all sinister but if the stability pact works at all it's probably by causing reputational damage to a country that looks if it is running a budget that's too great well what ab...

Should be prime minister so they shows a third person so a five star in the laying. they have both been very critical of the european union so how is process likely to respond. well brussels is up in arms of course because italy is a very big country in the european union the french finance minister already said italy can endanger the stability of the euro zone because the new populist government wants to end austerity once not to appear to the rules of the stability pact in the common currency union they want to do things different they want italy first and this is of course new in the europe...

And the medium term finance planning has been showing very good data again which is extraordinarily pleasant. at times it seems to be something that we take for granted but the fact that we've seen the highest employment rate since german reunification and since twenty fourteen we haven't heard any new debt that is other but something we should take. effort and. next year for the first time since two thousand and two overall it's. take us to where the european stability pact has referred us to which is below sixty percent and in twenty twelve after the international finance prices the overall ...

Sort of long-term stability pact for the peninsula? these are all very difficult questions. china, russia and the united states don't have aligned visions of what the future of north korea should be. >> and as frightening as that potentialialty you described could be, on the flip side as you know so well, as you were saying you were just on the peninsula. this government from the north korea has often made claims that were not proven. again, that 2016 claim that, yes, we successfully tested an h-bomb. >> this is -- it was proven or it was believed, based on assessments from afar. and i about t...

the maldives. president mohammed masheed announced his resignation after a police mutiny. they are calling for a greater role for islamic values in the country. cnn has no confirmation of who is currently in control. europe is still dging itself out from last week's snow and more cold weather on the way. some communities in southeastern europe are struggling to cope with record low temperatures. ukraine along has reported 135 deaths from the extreme weather. those are the headlines from cnn. i'm monita rajpal. "world business today" starts right now. good morning from cnn london,...