to try. and is looking forward to try not to fight looking forward to try and to succeed and i'm sure we'll succeed in this partnership with russia i thank you for that she. was in madrid ninety fishes was more deserving to feed you up but also for the english general no it's now we can ask questions we'll start with the international because she likes to give the floor first to the correspondent of don't jones and the wall street journal. i was the bush really belgium's news where's wall street journal two questions. for president that around with there's been a lot of work going into forming a banking union towards promoting lending to banks. in your opinion what happens if these important steps are not successful would the with the

survival of the year old be at risk. the second question is to avoid similar. special. this in russian i believe as you distinguish. the need today in the hotel. pool where they should kremlin those who are stayed overnight just wolf they gave us these bullets and as you say spells out the following yet that chip will know it to the russian. nexus it's a little bit of hundreds of a position i was like. in the prisons and concentration camps like on the will of this man and. you put him should be in prison. and should be ashamed. what's your response to that thank you. should. progress that well. but in the regards to this

so called political prisoners in the russian venue the world no matter where i have being there is petitions to work to do because one issue is. to reason out of their destiny of mr hodder koskie as you know that european human rights court than you are registered in the. criminal case is now in judgment of mr khodorkovsky x. there are no political more to matter your company so before i'm going to present only in good company the movement as a regards all the cases good people of such as regarding artist edge cases then the wish to make clear who we are talking about i know there is a violation of the public there with little demands of the rules we have. ministered of measures against those who while they do some rules and they know

that when all those people are opposing the government and large under another they are preparing for you eventually but it's normal and i believe that we should intervene used in our opinion logisticians are action only six hundred years old the european law that i have lived in going to the it will be bad as you know these kind of people are not good enough i believe that these events you are building a democratic ask are going to but at the same time they created the division of a certain the regime for the cold war of such events as up to the end of the bar of the calls of the will of god in which the two words. sending one is the borrowers or the two of the few from which changed into me i believe that the author of this book on looking at me means the position of mr burroughs on the third energy package i would like to inform all. so you call there is a game we have a president already coming to and with these young men and their hold that we will be able to slice our vision issues one through the negotiations at the bank in any

case we only acceptable the distribution of the or they don't get months are very difficult in retrospect. all of the extension of these documents to all the contras that were already signed off but before there is the energy package went into force and you see michael but at the same time i would like to say that the author of this bulleting has aroused some sympathy with me but the question is only in the way how why didn't you just review this go in such an unusual way that you sure there are other methods to do that as you know we have adopted the choice of laws of liberal or liberal lies in the activity of a goal for a democracy part is you know now all the google and you persons can establish their own democracy party. but i would promote their people to all parliaments

their. fall or the implementation of the ideals that they deem regarding to rule and just was mentioned by president putin about the third and as you package i had the occasion during the summit to clarify our position this is agreed to list lotion for all the member states and it will be implemented in an object of a nondiscriminatory manner and we believe all aspects of youth are fully compatible with international law. it's simple to understand that internal market is in constant evolution decisions to liberalize several sectors not only energy but also telecommunications postal service is and so on and so force are taken to increase competition and transparency and not to create any difficulty for the operator regarding russian abroad as they are more than welcome in the peon energy into the

markets they are indeed welcome when in fact they are already benefiting for instance downstream of some openings that this third energy package is giving to them having said this we are always ready to discuss with our russian partners and other partners any specific concerns that may happen in a specific way of implementing this legislation in a different member in this our debt member states and in fact we are doing so because we want to keep at the confidence in our energy relationship with russia and we very much value this relationship it is i believe very important both for russia and for your opinion and so this third energy package was indeed as present put in just mention one of the issues that we have discussed i cannot say that we fully agree but i think we can say that there is now

a really willingness of both sides to engage constructively in the discussion of many aspects of a very important relationship this is the energy religion ship between russia and the european union. to answer on your more prose i question about the bank you need to gratian. so just i recall you. received a mandate from the european council last week. too. two draft reports all of the deepening of the economic and monetary union i would make these report in close cooperation with the president of the european commission in this report how we mention the main building blocks for d.c. the current economic and monetary union and i will make a proposal on the working methods to achieve these objectives in those building

blocks banking need to gratian is an important chapter. and in the chapter of the bank need to gratian. with d.d. . india at this stage on supervision on defaulted insurance and on the distribution so we are working on it it is the beginning only of the work i will present building blocks in the working metal and we go on with that work later on and hopefully we can achieve the present results of that work already by the end of this year what will happen if we fail i never to hypothetical questions because we will not fail we will not face in the meantime we have to deal with the banking problems in several of our members states and what we

are working on in the deepening of the economic and monetary union has been so in some ways you know of and for those immediate problems than those immediate problems we have to tackle them together with the member states. president has to put those are there is he's accused me. now a russian a media is invited to go and for folks who want to go to a. good day into frac stages to go there is a very difficult situation in global economy and in the euro zone and it effects the prices overall energy resources that are coming from russia so i have a question for mr on pay and mr to the rose up with a you are. talking about that bitch about the fact that you will not fail bucks will you will be able to put on your to develop a common position with us on the on their exit from crisis in the portrait given the into account the positions of small crowds and units where you were germany and

my question to mr putin how the in the going to difficult situation if you were a zone will ever pay to be in the supplies of energy if it goes to europe or will arise sure it will be forced to correct this budget due to the fall in their oil prices thank you very much they were pretty good. a let me begin so that my colleagues will have time to be immigrating as you do nobody knows that you can make situation in europe and facts correctly with the economy of the russian federation anywhere close in the interconnected as i already a man should. use the tory for the last year when it was worth three hundred four billion dollars in two thousand and ten it was sure it was put off with impunity because it. was a flurry sixty billion dollars so they'll do girls that is quite significant of

course she eve to make this situation in europe will lead to recession to the few that will shrink the economy and the volume of incomes go to consumption of produce from russia is spent you spend. phillips petroleum chemistry products it will affect us directly fish so we got a hold put our colleagues in the european union for you will be able to overcome your present difficulties not judging by you want we have heard today and yesterday or. european colleagues are very determined they have a very professional approach and i am fully confident in saying that. i can say that these are not futile words this is a very. but easier for them well balanced paula sooner than this would be and i believe that even if we assume some disruptions unexpected events

the forecast is very optimistic and even in our move with country we are ready to fully support this process because it is in our interests to do as it regarding the budget component should be in this here although we have calculated our. budget spending in the family but we judging from one hundred dollars. then we have calculated it judging about one hundred and we've eaten a lot of dollars because i know you for all the rest of us that we should work more shellac it into a reserve fund in addition to the next year we have planned a lot of that work and calculating. discern dollars per barrel sold their budgets much of it hasn't been approved yet and the only me is how do you it will be global and european economy or world view of. maybe the respective there anyway we are not

expecting any shocks here and we can expect issues to live in response to any if i development of a situation by the way president putin already mentioned. that in fact part of the lemon was already. fear of growth of russian exports in gas to europe. so it shows that sometimes all the talk about to this consequences of the situation in europe is very much exaggerated. so not only europe is by far the biggest buyer of russian gas but there has been an increase last year in spite of the situation of some difficulties that exist in europe about which we are extremely open to discuss you know or partners of course with russia on it going to go back to saying president putin for the words he just had regarding his confidence into the termination of the european union leaders and euro area leaders to overcome this

difficulty so i can tell you that i have also full confidence in that the diminish . there are of course difficulties but those difficulties are in some member states overall there is indeed in the best position and many of our counterparts in terms of macroeconomic stability but it is true that because of euro has not yet complete that is all the instruments of financial integration we need to go further and that's exactly as present for the mob i just mentioned what we are doing now at european level some of the measures take time. and the message we convey to our partners around the world and yet we have discussed yesterday evening with the president of russia is precisely to explain the difficult is the challenges in a very objective manner but also do complex responses we are bringing. and the

response in europe certainly cannot be one of the now creating groups it will be a mistake it will be a mistake also for our partners. the interest for europe and for our partners is to have sustainable growth in europe and twelve sustainable growth in europe we need fiscal consolidation because some countries have gone over what was reasonable in terms of public debt and deficits is of course to promote structural reforms for competitiveness and also in some cases targeted investment and this is very important to understand and i'm sure that our partners have interest that europe gets out of the current difficulties with sustainable growth and not something that is poorly artificially and that will not be the right response and so from that point of view it was also a very good or a summit one we had today and yesterday because it allowed us to understand for instance what are the main challenges for

a ship because there are also challenges here for sure but what are the challenges for us in the u.p.a. union and the phone there is for me a very obvious conclusion. is that we need to do more together. i really believe that it is in the interest of the european union and russia that are so close and with such an important relationship to do more things together because trade investment is also a very important driver for for growth and that is precisely the conclusion that i draw from our talks today and yesterday thank you i should like to invite with us and with that this wasn't some comment on military region. where to put a lot of nuances in these blaming in some way of the eurozone or the so-called problems of the world economy first of all we have our problems are very well known. but the world economic growth is also suffering from problems.

in some of the emerging economies not the russian economy of course but some of the emerging countries are facing huge problems and also this is an element of explain as a sort of slowdown of economic growth so euro zone is not the main responsible for slower economic girls only world scale second nuance is that by the end of this year we would have positive economic gross into your toes as a whole and even even a rather strong recovery in western european countries and for two thousand and thirteen we have in any case positive economic growth between one and two percent last nuance of on growth is that what we are living know what we are experiencing

no you can't compare this with the huge financial crisis of two thousand and eight in two thousand and nine nine coming from the other side of the ocean then at that time we had old we're all in europe eight a new yorker in european union every session of minus four percent we have not at that stage even to the bets the worst figures are minus zero point three percent for discussion so we have to compare what has to be compared to last remark is if can we overcome this crisis with that we again agreements in the european union i have no chaired fifteen meetings of the european council fifty . there was never a failure each time we made progress that is much more european integration

no then that was three or four years ago according to some it is too little and too late but each time we agreed with seventeen of we twenty seven and we will do so again only growth agenda in june and on the building blocks for deepening an economic and monetary union at the end of the process would have more europe not less europe and within overcome this crisis step by step it will take time because the problems in some of our member station are profound problems we hadn't the necessary tools in the beginning to deal with the crisis we all we have no sit set into motion of a lot of new a new instruments but again each european council was a productive one and this of june and december will also be the case and let you be sure that france and germany are not the only ones in europe in your your toes or

but i'm quite convinced that a long tradition of cooperation will continue between those two countries but we need the consent not of two countries we need the concern of seventy eight in the euro zone and twenty seven and that's my responsibility thank you should like to give the floor to the correspondent of a place. face. i have one question to president putin and mr barroso practically the same question from different perspective from. your previous presidents cycle in you said as soon as russia was. hearing into the w t o that would give us a boost to working on the new basic agreement how is this statement true today when and this iteration has changed while the oil prices are

falling where. there is a negative. public opinion in those sectors of russia who would suffer from russia as a teacher and stood up a duty oh well russia is a part of the customs union how this statement made by you remains true. i mean that the two w t o. minimal economic bloc of the basic agreement and mr burrell sidelight on how we integration of russia w t o what influence we have today. elaboration or for the new. treaty of partnership and cooperation thank you. know it in a letters beginning with a w t o. how do you see i have seen the risks for separate sectors of russian

economy. when we are here to w t o there are reasons but the instruments which we use with the requirements of a double to earl make us think by implementing those tools in our economy we can minimize those risks for separate. directions of industry that is agriculture agriculture engineering. car industry etc several instruments are beginning to be used. in full agreement with the w t o requirements and other w t o member states are using these instruments as well that is first second during talks including talks with the european countries we agreed that you william. on several directions of octave it is in several sectors our economy is how we will use the so called transitional period that we

will join to the requirements step by step by lowering the level of customs protection and taking other commitments on ourselves and by the way the level of customs protection even after russia's addition to double duty zero would be higher than we think customs protection level at ukraine which we are more concerned about that than the mere about the fact of the russian attention to desert hero because we have a lot of. interest in comic interaction with ukraine but that's a serious matter which the russian government needs to take care of but in the whole we will follow they reached agreements and we will implement them. another matter is where. we have for a long time we have been working and we've continued discussions today on the preparation of the new basic agreement. would not hide it there is no secret that

during the talks our european colleagues place issues in front of us and placed the demands and requirements which as we think go beyond the commitments which russia has taken during that hearing to the w t o this is an approach which we call double toe plus we moved closer to sit him we come to agree with the. is it quiet yet it's. going to take into account that we have just finished the talks on their heels into a w t o so we can take any additional commitments to us because of these commitments that would have to be squared on all the w t o countries or our negotiations package with other countries should be then reviewed and separate relations between the e.u. and russia should be created ignoring the interests of other participants of the w

t o but we understand each other and we will enjoy them very. professionally and densely and expertly discuss these problems as far as the customs union and the common economic good comic areas are concerned and our third integration processes with the european union which we see no contradictions and that i have said about that because we. would make the very rules of the customs union and the single economic space fully completely i'd like to highlight that. i've got to have prepared and signed documents fully and completely based on the principles of the w.t. and moreover our partners kazakstan and bellow are see they have taken a president in decisions and agreed that the requirements and conditions of rashes that he is into the w t o would be accepted by them as well they have agreed to do

that and i think that this is a very courageous step from the political authorities of the government said i hope that the e.u. would take this into account and support these countries when they will adhere to their booty. yes. relation between the membership of russia and the new agreement first of all it's obvious that these new agreement has to be compatible with the euro and as you know you have very much to quarter of the material. when membership of russia in fact what was strange was that russia was not a member of the it was the only major economy not a member and so it's quite natural that now this happens it's not a secret that we have very much supported in fact the final negotiations it's also

not a secret that i also spoke with at that time prime minister putin to try to handle some issues that were still pending and i'm very happy to corp so that russia is now becoming a full member of the euro and i'm sure this is also in the interest of the russian people for all reasons it's true that there are some transitional issues to be. safeguarded and in fact russia was able to address these issues in a very aware it's a new term in a way now today we had also very good discussion about this new agreement and our understanding of friends remember correctly was getting new agreement there will be also parts of of it related to trade and investment as it was in fact agreed in the previous seven it will be a conference in. ambitious and balanced agreement covering most important areas of our corporation but our intention is not at all to ask from russia new tariff

reductions beyond what was already done in that a hero at the same time we believe there are some issues that are trivial or to relate that are important for instance regulatory convergence that can make life easier for businessman most in russia and in europe union and we would like to discuss this with our russian partners and of course as president putin said this is not something for our experts now to meet and to negotiate but we believe there is a potential not adding more of league ations to the hero not at all that is not our intention and of course we will certainly russia a position we respect it but to put also an important part of a new agreement covering also the very important economic relationship between russia and the opinion so this was i think the conclusion of today's good exchanges

on this matter. he's your shape is goofy and at the end of that press conference that question from the russian mass media. i say thank you so much is that it was. your first question continuation of the talk with wolf assume good and honest that is based on what is a perspective of god our cooperation and. that it was you that we discussed the zones of strays where the discussion of the. question is about. civil servants give a lot of information about. both the reports of russian from e.u. . composed of twenty two hundred picture pages and it is a competition for their translation and i am. one of the citizens who can and originally made the case the situation where we have problems with the guests in addition getting this to show him.