argument that is the one of inequality the people angered over tax dodgers and in the words of bruno lemaire front france's finance minister that they want fiscal justice. we're not making the business argument this is about the economy as a whole we have an international tax system that has clear rules on who taxes what and list tax system says companies are taxed where they develop their products where their produce they are not taxed at least not through the corporate tax where they're sell their goods and the open commission alice says google serves its services in europe we want to tax those services the services are already taxed with a value added tax and now the european commission wants to introduce an additional tax this is like introducing a tariff and would lead to countermeasures by the us what we really have here is a conflict about taxing right so who has the right to tax google the it is primarily the us now the us allows google to avoid u.s. taxes that's the real problem here but this is not a problem the european commission can solve if the americans don't want to collect t

. >> and french finance minister bruno lemaire says a deal between them cannot lead to any fact closers as he outlines conditions for a merger between the automakers >>> well, good morning and a very warm welcome to "street signs. european markets this morning really treading water. the stoxx 600 teetering around the flat line. yesterday we saw a bounce for the benchmark relapse. a bit of relief floating through markets and now this morning it seems as though investors are pausing for breath as they digest those results and focus on things today. we've got the torey leadership contest heating up, nine contenders for the race. in italy there's a suggestion the commission could start action against rome for their rising debt levels and at the european level, leaders are it mooing later today to discuss who's going to take those top seats let's get into the european markets and see how they're fairing in reaction to the developments we are seeing red across german, france, and italian markets. the banks there are suffering the steepest losses on the back of those reports, no doubt about th