i think is right that we take part in helping to ensure stability and growth in the irish economy. ♪> and now, prime minister's questions from the british house of commons. this week, the prime minister responded to the question of ireland's financial crisis and immigration issues including students who entered london under false pretenses. >> i sense there may be some consensus on that in this house but it's a subject way above my pay grade. >> order. questions to the prime minister, michael? >> thank you, mr. speaker. i'm sure the whole house will want to join me in payin tribute to guardsman christopher davis of the first battalion who died on wednesday november the 17th of afghanistan. he was the 100 british soldier to die this year a reminder of the high price that we are paying. christopher was an utterly and highly respected soldier and we send our deepest condolences to his family and his lived ones. mr. speaker, this morning i had metal with ministerial colleagues and in addition to such duties i should have more meetings. >> i join with my col dolences and express families

i think it is right that we take part in to ensuring the irish economy. >> now, the prime minister's questions from the british house of commons. this week, the prime minister responding to questions about ireland's financial crisis. >> questions for the prime minister. >> i am sure that the whole house will wish to join me in paying tribute to guardsman christopher davies of 1st battalion the irish guards, who died on wednesday 17 november in afghanistan. he was the 100th british soldier to die this year, a reminder of the high price we are paying for the vital work that is being done. christopher was an utterly professional and highly respected soldier and we send our deepest condolences to his families and his loved ones. this morning i had meetings with ministerial colleagues and others. in addition to my duties in this house, i shall have further such meetings later today. >> i associate myself and my colleagues with the condolences that the prime minister passed on and i also express sympathies to the families of those involved in the new zealand mining disaster, two of whom co

. >> does my right honorable friend that a proper plan to the irish economy would be far less damaging to the wider economy this country then some of the other possible dire alternatives. >> my right honorable friend makes a good point. every man, woman and child pays 3 million on pounds. they are very intertwined and we do right to ensure stability and growth from the irish economy. >> jim sheridan. >> thank you, mr. speaker. in the context of we're all in this together, could the prime minister explain why he is proposing to abolish the agricultural wages po protect some of the -- and at the same time, he is protected from solid scrutiny the salaries of those in the country. >> we have looked very carefully at all and tried to work out which ones need to stay and go. i think that was long overdue. we have a minimum wage in this country. we have a tax credit system and there are so many quangos that aren't doing any value. >> mr. william cash. >> would my right honorable friend explain why at every city the city of the investigative order, the economic governments of europe and also t

it is nothing we cannot come back from. >> if the irish economy is going to recover, it is likely to be too late for the current irish government. it only has a three-seat majority in parliament. the only hope seems to be to get a good deed from europe, and that is why the ongoing talks are so crucial. >> protests linked to the outbreak of cholera in haiti have spread to port-au-prince. haitian police set up barricades. some haitians have blamed others for bringing the disease into the country, a claim denied by the un. president obama says he is confident he can get enough votes to push a nuclear arms treaty with russia through the senate. they have to make of then what would been much less favorable. he described it as an imperative. the general motors looks reborn as a public company. they are now trading after the biggest share sale in u.s. history. german authorities are saying namibian police have intercepted a suspicious are give -- a suspicious item in a suitcase. >> the flight did finally reach munich many hours later and after a serious security alert. the bag was deemed sus

. >> the demand on the irish economy has pressure for the bailout possibilities. germany may be pressing the irish to increase its corporation tax rate. the government is non- negotiable. >> as the international delegation crunched numbers to decide the finance ministry of farmers, some protesters made their message clear outside. >> the eu commission and european central banks are not friends of the irish people. they are here to implement certain measures of the financial markets. >> leaders have conceded that they need help. there are expected to offer a rescue passage -- package worth $110 billion. ireland may have to raise a corporation tax which is not attractive to foreign investors. for investors, that would be unthinkable. >> we are trying to make our economy grow. we may destroy one of the great drivers of growth. we have to grow out of a recession. >> some in germany, they feel the low corporate tax rate in ireland gives them an unfair advantage. fake irish do not want to surrender this sovereignty. any agreement is unlikely to make much difference. >> t

we will restore confidence and encourage people to bring the money back into the irish economy. >> the emergency aid is coming from the international monetary fund and the european union. the closest neighbor to ireland is also helping out. the u.k. is offering a substantial loan. but the irish will also have to make their own savings. 15 billion euros in the next four years. 20,000 public-sector jobs are expected to be cut. taxes are expected to rise. welfare payments will be reduced. even the minimum wage is likely to go down. the economic turmoil has now sparked a political issue, with the junior partner in the ruling coalition saying that they want an election. >> we have now reached a point where the irish people need certainty to take them beyond the coming two months. we believed it is time to pick a date for a general election in the second half of january 2011. >> but the senior party in the coalition disagrees. >> as far as the government is concerned, all of our energies must be focused on passing the budget, and that is what is getting international interest, and that is wh

ireland is our closest neighbor and it is in our national interest that the irish economy is successful. britain stands ready to support ireland in the steps that need to take to bring about that stability. >> the irish government has repeatedly denied it is seeking outside support, but the groundwork has been laid for a bailout of the banking sector of ireland asked for help. doblin fierce economic autonomy being lost. >> leaving the stable when we said yes to the lisbon treaty. so much was handed over that many on the other side are now realizing that the promises and guarantees that were made to protect tax compensation are not being respected >> there is pressure on other euro zone countries at the moment. government budgets are also under strain in portugal. european ministers want to stop it from spreading. >> how is all of this going to unfold? jim higgins joined me, a member of the irish parliament. any doubt in your mind about this bailout package? >> what happened yesterday was not the effect of what was to be the case in the euro zone. they had enough for them last few weeks

>> if you are looking for a symbol of the irish economy, you do not need to look any further than thisit should be the new headquarters for the irish bank. work has stopped for some time. there is progress across town here in dublin. officials from the imf and the you are missed -- art league -- meeting with civil servants. the finance minister it said that there is no shame in this situation. the help minutes -- the health minister said this is not the government's fault. he is a taxi driver who gave us a lift earlier. one irish historian says the fills the whole nation is being humiliated. is that putting into strongly? >> i am very embarrassed today to be irish. our leader is cutting ribbons on a new terminal. he is deciding our future. >> you feel that it for the first time since irish independence, your sovereignty is at stake? >> absolutely. it has been eroded. we had the lisbon referendum twice. >> thank you very much. he was talking about the irish prime minister. he said there is no question of our sovereignty being in jeopardy. the corporation tax will not be raised. there wi

that 109 billion pounds is equivalent to the size of the irish economy. a huge of equipment that -- commitment that the ecb wants to reduce. they are pushing for ireland to take further steps to strengthen their banks so that they can stand on their own feet again. should the royal bank of scotland before us to slash their claim, it is part of their rebuilding. >> they made terribly bad lending decisions. it is good that they suffer some of these losses. the taxpayers were not responsible. the danger is that this will trigger -- >> hear in portugal, it looks calm. the fear is that a banking collapse the starts in ireland, could affect other countries. this is a memorial to years of excess. the signs of a final bill and who is going to pay partly obscured. >> our business editor reporting there. the u.s. secretary of state says that she will press to ratify a nuclear arms treaty with russia. mr. clinton says that the treaty is not finished. the new start treaty needs bipartisan support to go through. they suspected russian arms dealer viktor bout has appea

you can see a growth path out of this crisis for the irish economy that you cannot see so easily for the likes of portugal or greece, if they can just get out from under the mountain of debt. i asked the finance minister brian lenihan about the heavy debt of paying that debt back. >> bar ring indefinitely. -- borrowing in definitely. we have done this for the last two years, and we have continued to do it. >> ireland enjoyed its boom. now, they accept a price must be paid for the blast. nobody expected it to be so high. bbc news, in dublin. >> in the u.k., tens of thousands of students have again been demonstrating against government plans to increase university tuition fees significantly. in london, there have been scuffles, and in whitehall, the heart of government. we were there. >> this was the moment the protests threaten to turn ugly. the police van is stranded in the middle of whitehall. demonstrators clamor on to the roof, and as the youths gather, impromptu fires in the middle of the road, but this time, the police came prepared, lines of officers which helmets and shields a

wants to help. >> ireland is our closest neighbor and is in britain's national interest that the irish economy is successful and we have a stable banking system. britain is ready to support ireland and the steps that it needs to take to bring about that stability. >> ireland is the u.k.'s fifth largest export market. the u.k. could help by giving the country a direct loan or contributing to a european-wide rescue fund. although the irish government says it does not want a bailout, some believe that is just a tactic. >> they're probably getting as much as they can at of this negotiating process so that ultimately when the decision is announced, that it may be on slightly favorable terms for ireland. there is very much a game going on here. >> any deal that is negotiated will be too late for this young nursing graduate. she is leaving ireland this weekend, one of thousands of people leaving. >> i have to leave my family and friends behind, my boyfriend behind. i have to go to the u.k. to find a permanent job in nursing. i don't want to leave these people behind, but it is not a choice i have. >>

. >> if the irish economy is going to recover, it is likely to be too late for the current irish government. it only has a three-seat majority in parliament, and the expectation is that the government will fall early in the new year. its only hope of survival seems to be to get a good thing from europe, and that is why the ongoing talks are so crucial. >> a suspicious package has been intercepted in the luggage hall of an airport in namibia where a flight to germany was being loaded. security cameras detected batteries attached by wires to a fuse and clock, but it is not clear whether there was also explosives inside the suitcase. it was on a berlin flight to munich. germany stepped up security yesterday on intelligence that an attack on the country was being planned this month. president obama is saying he is confident he can get enough votes to push a new nuclear arms treaty with russia through the u.s. senate before the new congress convenes in january. it's make up then will be much less favorable to him. he describes the treaty as a national security impaired. just over a year after it

the prime minister says the irish economy as well funded until next year, but the finance ministers' meeting in brussels are making preparations for a potential rescue package to bail out ireland that asks for help. >> of the cameras were waiting today for the man who is seen to be at the center of the latest eurozone crisis. the irish finance minister came to brussels for a crucial meeting, knowing some officials and some countries want ireland to accept a bailout. >> the irish state is fully funded into next year. we will be discussing this evening how we address the difficulties. >> brussels is scared that the irish debt crisis risks spreading to the edges -- to other countries like portugal. the president of the european council said today that the very survival of the european union was at stake. >> the first year of the lisbon treaty has been clearly marked by the crisis of the eurozone. it was a period of survival. >> you could sense the tension in the irish parliament as the prime minister defended policies that have rocked financial markets. >> dealing with a crisis of such

. >> if the irish economy is going to recover, it is likely to late for the curent government.t only has a three-seat majority in parliament. the expectation is the government will fall early in the new year. it's only hope of survival seems to be to get a good deal from europe. that is why the ongoing talks are so crucial. mark simpson, "bbc news," dublin. >> one of the giants of american industry, general motors, has successfully resumed trading its shares on the new york stock exchange. it was saved from bankruptcy by a $50 billion bailout from the u.s. government. here is our report from new york. >> it's a new day. >> that is an understatement for a company that only a year ago was in bankruptcy, brought down by a high-priced labor force, health care cost and poor sales. america's biggest car maker returned to wall street with the largest sale in u.s. history. the director, who used to run coca-cola, is also excited. >> this is a whole new general motors. this is a 102-year-old company that sadly went through a bankruptcy process and is being reborn, and reborn based on wh

after the government there has been some anger at the economic rescue package to help save the irish economy. the deal is expected to include a loan of about 100 billion euro and is being fleshed out as we speak in talks between the irish government, european union and the imf. >> the irish government has finally bowed to pressure to take the begging bowl to europe. a lethal combination of recession and a banking crisis left the countries leaders with no choice but to accept the initial bailout terms. >> the banks will become significantly smaller than the past of they can gradually be brought to stand on their own two feet. the second tier would be a program to reduce the budget deficit. >> on the streets of dublin, many welcome the rescue, while furious at the government that provided over the fiasco. >> people are disgusted. people are afraid because politicians won't come out and tell us the truth. >> i am delighted that we finally faced the reality. and i think the impact it is going to have is we will finally have a new -- the kind of conditions we need to move forward. >> ireland is o

the can down the road so to speak to give the money to these irish banks in the hope that there won't be any aftershocks in the u.k. economy and i think really what we need to do is look at the problems look at the root problems and let the irish banks wind while addressing the problems in the u.k. because giving this money to ireland really is a massive gamble with british taxpayers' money it's a huge amount of money as you said and it's not something that the british government should be doing so a bailout that no one really seems to home and it is another bailout for get another struggling you are a member. they're all through all this teetering on the brink at the moment portugal spain except do you think that the year is a realistic is going to survive to bail out every single failure is there a risk of self implosion here. honestly i think the euro zone's days are numbered i can't see the euro survive in this decade certainly not the next ten years probably not the next one or two years in fact bailing out ireland will as i say kick the can down the road maybe arland will bring down the euro but probably portugal spa

the irish prime minister is not just trying to see if the irish economy but keep his government in power. he wants to implement a new budget. he doesn't want a pre-christmas election. >> nobody has pushed me into anything. what i'm saying is we are focused on an issue of great national importance, and i'm saying that the biggest statement of confidence that can be given by this country at this time is to pass this puttibudge. and this budget is the context in which we are having discussions to ensure that we have the next funding going forward. >> the prospect of more spending cuts and further tax rises has created anger in ireland. there have already been severe cutbacks here and some think another budget will make it worse. >> this government has no democratic mandate to implement this budget and really there should be no budget delivered until there is a general election and open debate about the options that are available to us. and certainly we will be saying to people this i.m.f. package should be resisted, that the bailout is not a bailout for the irish people, it is a bailout for

it had been setting new lows over worries about the irish economy. finally, a couple big moves due to drug trial results. exelixis had encouraging results from its experimental ovarian cancer drug. shares rocketed 32%. the drug trial continues, and even with this big rally today, shares are still down 10% over the past year. the news was not so good for aastrom biosciences. shares dove 36%. drug trials for an experimental medicine to treat ischemia was disappointing. the condition is caused by blocked arteries and can lead to amputation. and that's tonight's "market focus." >> suzanne: the man who led uncle sam's bailout of g.m. was sued by the s.e.c. today and has agreed to settle without admitting guilt. former obama administration official steven rattner will pay just over $6 million for his role in a pay-to-play scheme involving new york's pension funds. the s.e.c. also banned rattner from working as an investment advisor for two years. meanwhile, new york's attorney general also sued rattner today, seeking $26 million. rattner say he'll fight th

they are very intertwined and we do right to ensure stability and growth from the irish economy. >> jim sheridan. >> thank you, mr. speaker. in the context of we're all in this together, could the prime minister explain why he is proposing to abolish the agricultural wages po protect some of the -- and at the same time, he is protected from solid scrutiny the salaries of those in the country. >> we have looked very carefully at all and tried to work out which ones need to stay and go. i think that was long overdue. we have a minimum wage in this country. we have a tax credit system and there are so many quangos that aren't doing any value. >> mr. william cash. >> would my right honorable friend explain why at every city the city of the investigative order, the economic governments of europe and also the stabilization mechanism that this government is has more integration and no repatriation of powers? >> i'm surprised to hear that these wrong. under a previous government we would have caved in when they asked for a 6% budget piece. we will make sure -- >> order, i want to hear the prime

of immediate concern is when the european economy are set is putting out irish brush fire before it's a europe-wide forest fire. in london, amy kellogg, fox news. >> bret: back at home. the stocks were mixed. dow lost 25. s&p 500 gave back almost two. the nasdaq up 14. president obama finds out again his press corps can be a tough crowd. we have that story later in the grapevine. the president is with capital one's vture card, we get double mi on every purchase. echo! so we earned a trip thgrand canyon twice as fast. uhoh. we get double miles evy time we use our card. i'ltake these. no matter what we're buying. plus the damas. and since double miles add up quick, we can bring the whole gang. it's hard to beat double miles. no, we ride them. [ male announcer ] get the vente card from capital one and earn double miles on eve purchase, every day. go toapitalone.com. what's in your wallet? >> bret: one of president obama's first moves in office was to put the wheels in motion to shut down the terrorist detention area mown as gitmo. though the effort stalled, wendell goler reports on the g

monday's jittery investors kept an eye on worries surrounding the irish economy while. the shares of german try to make a month see. tom see how they're going to hear both the forces closed off to the moist expiration monday so she may be warm for some time to let the games in the two point five times all in a row nickel also before the vote so you want to own one. the russian insurance market will reach pre-crisis levels within moments historically russia has been under insured with people relying on the government and good luck to help out in times of crisis that's beginning to change with a rapid growth of life insurance we do know caution reports. young try any and his company and through the russian insurance market only two years ago from the start of the financial downturn two years on some saturates of the economy have almost recovery to pre-crisis levels and among them the insurance market. on the russian market. with what's going on on the other market and based on that though we are strong in. terms of market especially in the form of the fast growing life in

europe stocks have turned higher on monday's jittery investors kept no worries surrounding the irish economy while deal talk to the shares of german truck they can see and hear stuff out of the ass yes they're trading in the black burbank is leading the gains on the r.t.s. up two point five percent this hour new corner nickel a close behind both with your more than one percent. of the r.t.s. games to raise up to four hundred million dollars what coming that's according to color news paper sizing a source close to the matter the listing will take place next year with the balls to attract funds to develop its business in russia and the c.i.s. . the wall the largest mining company sorry has cut us or next to our next story or having some problems the pair the russian issue as market will reach pre-crisis levels within months historically russia has been under insured with the people rely on the government and good luck to help out in times of crisis but is beginning to change with the rapid growth of life and motor insurance would be no question of a report. that young tourney and his company a

the ams smith institute talking to us from london and while the may be busy fighting to save the irish economy it still faces the not of problem of all the potential members knocking on its door when all that serbia is getting ready for membership talks we are who's got more to lose the e.u. all serves themselves coming up later this hour. with the latest struggling e.u. country receiving a massive bailout from the alliance we take a look at the wider implications with. panel they debate whether governments will ever be able to pay off their deep debts and what happens if they fail that's all in twenty minutes time here on r.t. but here's a quick preview for you. i think we would do a medical metaphor and let's say your neighborhood and everybody knows he's been drinking and he has a drinking problem and he's been drinking for a long time and now he's starting a business having blackouts and he's ended up in the hospital and so it's a crises so everybody's gathered in the village in the waiting room deciding what to do and we have roland on one side and he's the doctor and he goes listen you k

may be busy fighting to save the irish economy of still faces the added problem of other potential members knocking on its door. now that serbia is getting ready for membership talks we got more to lose the e.u. . themselves that's coming up a bit later this hour bus. the air all sea has become a wasteland of sand salt and pollution and lindsay france joined me in kazakstan to investigate how this transformation has affected the people here and how it put it down on the environment forever. the russian newspapers published new details of the joint nato russian missile defense shield discussed on the sidelines of last weekend's alliance summit in lisbon under new proposal offered by president would vote if the two sides would cover separate sectors of the territory citing an unidentified diplomatic source the paper says that simply speaking russia will be responsible for handling rogue missiles from the east and nato would cover russia from the west experts say this plan would allow both sides to remain secure and independent in terms of their anti missile systems it's also believed that pr

may be busy fighting to save the irish economy that is the challenge too of other potential members knocking on the door to join so. get ready for talks wheels more to lose the themselves that's coming up later this summer a lot of. the air and sea has become a wasteland of sand salt and pollution i'm linda brown to join me in kazakstan to investigate how this transformation has affected the people here and how would put it down on the environment for. a russian newspaper has published new details of the joint major russian missile defense system to go stated on the sidelines of last weekend's summit in lisbon but his size would be responsible for separate sections of territory under the proposal offered by russian president dmitry medvedev so citing an anonymous diplomatic source they call may have some newspaper in moscow reports that russia would be responsible for handling rogue missiles from the east and nato will cover the west experts say this plan will allow both sides to remain secure and to maintain their own independence and to missile systems and it's also believed that the diver

we're reporting that negotiations for a deal on a multi-billion euro rescue package for the irish economy are reaching the conclusion in dublin the country's economy went into meltdown this week under the weight of its banking debt and there's been public outrage at the government's handling of the crisis about fifty thousand people marched through the capital on saturday protesting against harsh austerity measures being introduced to cut the country's huge budget deficit demonstrators say ordinary working people are taking the hit for the rich and the banks elsewhere in the eurozone there are fears portugal spain it may be next in line for a bailout german economist told r.t. europe's biggest economies one be able to pay their debts off others forever. the german taxpayer is no longer willing and this is very very becoming very reluctant to bail out countries like greece where there is an example of very bad governments and we are no longer willing is neither to bail out ireland to fuel an ailing banking sector i think this is a general incentive this umbrella which the. heads of governm

economy if the irish economy was to descend into chaos or to collapse completely reacher so i think it's been in britain self interest. while and. it was on balance the right decision but a difficult decision i think what the government's trying to do over all those tasks is. enable britain to live within its means but have a long term strategy for growth which will create the private sector jobs that will create the prosperity that will over time improve the quality of life for everybody this of course on top of more money being swallowed up by the e.u. in brussels to keep that running the budget seems to be going up year on year what's going on in europe britain somewhat argues been vindicated then it is choice not to join the single currency as it has done so far but it's certainly been pulled down by it doesn't it is there are a new case you think for the under the sever all ties now with brussel go it alone . i think there are there are some people on the. on the extreme part of the debate on europe that would like to see that i don't think that's where the mainstream is at the mome

of immediate concern is when the european economy are set is putting out irish brush fire before it's europe-wide forest fire. in london, amy kellogg, fox news. >> bret: back at home. the stocks were mixed. dow lost 25. s&p 500 gave back almost two. the nasdaq up 14. president obama finds out again his press corps can be a tough crowd. we have that story later in the grapevine. the president is hanging tough on closing down guantanamo bay. naturally colorful vegetables are often a good source of vitamins, fiber, or minerals. and who brings you more natural colors than campbell's condensed soups? campbell's.® it's amazing what soup can do.™ pediatrician recommended pain reliever for children. plus, children's advil® brings fever down faster than children's tylenol®. choose children'advil®. relief you can trust. >> bret: one of president obama's first moves in office was to put the wheels in motion to shut down the terrorist detention area mown as gitmo. though the effort stalled, wendell goler reports on the goal next. >> reporter: as he moves toward the third year in office, aides say

they are very intertwined and we do right to ensure stability and growth from the irish economy. >> jim sheridan. >> thank you, mr. speaker. in the context of we're all in this together, could the prime minister explain why he is proposing to abolish the agricultural wages po protect some of the -- and at the same time, he is protected from solid scrutiny the salaries of those in the country. >> we have looked very carefully at all and tried to work out which ones need to stay and go. i think that was long overdue. we have a minimum wage in this country. we have a tax credit system and there are so many quangos that aren't doing any value. >> mr. william cash. >> would my right honorable friend explain why at every city the city of the investigative order, the economic governments of europe and also the stabilization mechanism that this government is has more integration and no repatriation of powers? >> i'm surprised to hear that these wrong. under a previous government we would have caved in when they asked for a 6% budget piece. we will make sure -- >> order, i want to hear the prime

. >> does my right honorable friend that a proper plan to the irish economy would be far less damaging to the wider economy this country then some of the other possible dire alternatives. >> my right honorable friend makes a good point. every man, woman and child pays 3 million on pounds. they are very intertwined and we do right to ensure stability and growth from the irish economy. >> jim sheridan. >> thank you, mr. speaker. in the context of we're all in this together, could the prime minister explain why he is proposing to abolish the agricultural wages po protect some of the -- and at the same time, he is protected from solid scrutiny the salaries of those in the country. >> we have looked very carefully at all and tried to work out which ones need to stay and go. i think that was long overdue. we have a minimum wage in this country. we have a tax credit system and there are so many quangos that aren't doing any value. >> mr. william cash. >> would my right honorable friend explain why at every city the city of the investigative order, the economic governments of europe and also t

what is coming and how big a problem is all this for the irish economy?looking good for the next number of years i'm afraid. wednesday the day after tomorrow we're hoping that the government will come out with what is called a super budget. so it's a four-year plan which they will outline 5 billion ofç cuts and taxes that will be taken out of teç economy over the next four years. >> brown: explain for us how and who this hits. how is irish society-- its businesses and workers-- how are they all affected? >> absolutely. this will hit people right from the very top right down to the very bottom. when you're looking at 15 billion over four years which is essentially 10% of the economic growth of this country, nobody is going to be left untouched by this. you're talking taxes, increased tax bands which will bring in those who earn very little into the tax band. it means that those who earn an awful lot at the very top, they will be paying more. middle income ireland they will probably get caught the worst because child benefits will be cut, pensions will be