r.t. peter oliver reports. have you ever heard the wall about the bank is the billions and bars all the chances are you probably haven't but six times a year central bank heads from the u.s. europe asia and everywhere in between representing around three quarters of global economic output gather in the swiss city to talk shop behind closed doors i personally also don't like these secret if meetings because. you never know what in effect. is discussed in these meetings it's something that has a tradition that's put there play i mean bankers have always talked to each other in a more secretive way the whole business of banking is not really built on transparency but rather on trust and confidentiality the continuing global financial crisis has seen the banking sector firmly in the spotlight with more than a few accusing fingers pointed in the direction of bankers it's the job of the secretive bars all committee to set regulations on banks the chairman of the group says he wants the public to be better informed ab

r.t. peter oliver now reports on the fragile support for the german leader both at home and abroad. it's the thirteenth setback in local elections that angular merkel's christian democrat party and their coalition partners the free democrats have suffered it's also more importantly the fifty the fifty states government which they've lost to the social democrats since two thousand and nine this vote in lower saxony which is the fourth most populous state in germany it's seen very much as a bellwether of opinion and it was incredibly tight well it was by one seat and what it does mean though even by the smallest of margins the social democrats well they smell blood heading into the general election their candidate for the chancellorship steinbach said this well this shows that a change of government and power is possible piece year what's interesting when you look at this particular particular local election is the euro zone crisis really didn't come into it this was a local election where people were voting on local issues now it's in that area where mrs merkel is starting to show so

r.t. peter oliver is following the reaction throughout europe. well as you can imagine david cameron's speech was watched very very closely here in mainland europe and it's been greeted with concern pretty much all across the board here in germany the foreign minister it good or best of valor said that you know germany have their own problems with brussels having too much power in their opinion over domestic policy of member states however the way that david cameron was looking at going around changing not was and the way forward a similar type of reaction in france from the french foreign minister and he said that well it was that it could be dangerous for the united kingdom if it was to go it's a load outside of europe saying what david cameron was suggesting was like turning up to play for a football team and then walk upon a rival saying no no let's play rugby essentially is that moving the goal posts martin schulz the speaker of the european parliament certainly pulling no punches he said it would be and it was ridiculous basically what davi