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well, earlier we spoke to the w correspondent, christine montoya, about the 2 currencies. she told us, this is the 1st time in her career, she seen dollar euro parity. there's the tale to currencies, right. you have as a soaring doll and you've got a sinking gear. of course, the dollars strengthening on, on expectations at the fed is gonna go foster and further in terms of its interest rate hikes and then the sinking euro. and the big issue here is genuine concerns. the fear that russia is going to cut off gas supply to, to europe. and that is going to be devastating. you've got the german economy minister at repeatedly warning on domestic 10, a vision that the winter is going to be really rainy. brutal now added to that is, of course is consistent trend that we're seeing here in europe, off, but slow growth and high inflation. and so policy makers are lipping to target, particularly that and yours own finance ministers are meeting to daycare in brussels. going into that meeting, they talked, having to address those issues, how to fight those inflationary pressures to ease
well, earlier we spoke to the w correspondent, christine montoya, about the 2 currencies. she told us, this is the 1st time in her career, she seen dollar euro parity. there's the tale to currencies, right. you have as a soaring doll and you've got a sinking gear. of course, the dollars strengthening on, on expectations at the fed is gonna go foster and further in terms of its interest rate hikes and then the sinking euro. and the big issue here is genuine concerns. the fear that russia is...
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all right, we'll have to leave it there, did only correspondent christine montoya and brussel. thanks so much. okay, let's take a look at some of the other stories making headlines around the world. japan has executed a man convicted of killing 7 people in a vehicle crash, and a stabbing spray in 2008 authorities say, tom or hero kato had carefully planned the attack on a crowd of pedestrians, despite international criticism for maintaining the death penalty for pans. justice minister insisted capital punishment was appropriate for the violent crime protest, as in the democratic republic of congo have stormed the un headquarters in the countries east. crowds in the city of goma were demanding the withdrawal of the un peacekeeping mission. the region is beset by fighting among millis for a multiple militias and government forces. a man mas ruling military has defended its execution of 4 activists saying they were given a fair and lawful trial. first time that me and more has officially carried out executions in decades, and the action has prompted international outrage in thaila
all right, we'll have to leave it there, did only correspondent christine montoya and brussel. thanks so much. okay, let's take a look at some of the other stories making headlines around the world. japan has executed a man convicted of killing 7 people in a vehicle crash, and a stabbing spray in 2008 authorities say, tom or hero kato had carefully planned the attack on a crowd of pedestrians, despite international criticism for maintaining the death penalty for pans. justice minister insisted...
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now to tell us more, we are joined from brussels by the w, correspond christine montoya. christine, what can you tell us about the deal ridged? so it is a 15 percent reduction in gas demand. that is a fossil gas consumption. if you will add a voluntary basis, i, it is up to member states to decide how they will do this sad. the guidelines only specify add that protected to mr. protected industries i be saved from feeling the impact of this. and that would be households and all essential services like hospitals are, for example. so you will see member states taking the decisions to decide what they deem as non essential activity and going forward and reducing that supply. now, as voluntary is the key word here, this is in no ways mandatory. it will become mandatory in the event that a decision is taken at a council level. that is, the heads of state of the european union member countries deciding that it has to be mandatory, but for now it is our voluntary basis. and, and it is up to member states to decide how they will curb at that demand, by 15 percent, or by the winter
now to tell us more, we are joined from brussels by the w, correspond christine montoya. christine, what can you tell us about the deal ridged? so it is a 15 percent reduction in gas demand. that is a fossil gas consumption. if you will add a voluntary basis, i, it is up to member states to decide how they will do this sad. the guidelines only specify add that protected to mr. protected industries i be saved from feeling the impact of this. and that would be households and all essential...
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did obvious correspondence, christine montoya, reports from proc ha, there's a changing of the guard at the european union's top leadership with paris handing over the rotating presidency of the e. you council to prague because war has returned to europe. the check republics tenure at the home will be a hard one. we are preparing ourselves to take presidency. think over presidents it in time for inflation is very high when our war is so close to our sir in ukraine. and her russian aggression against the grain is of course a main topic. her for all of us. the chick republic has welcomed nearly 400000 ukranian refugees and provided significant financial and military aid to keep since the start of the war. within the e u. it is a vocal support of sanctions against russia, but the central european country, like many others on the continent, is heavily dependent on russian energy. and there are serious concerns here about how secure that supplies energy took, reduce important topic right now. and our dependence on russia is huge for us. so it's a really enormous sir. the dependency on the
did obvious correspondence, christine montoya, reports from proc ha, there's a changing of the guard at the european union's top leadership with paris handing over the rotating presidency of the e. you council to prague because war has returned to europe. the check republics tenure at the home will be a hard one. we are preparing ourselves to take presidency. think over presidents it in time for inflation is very high when our war is so close to our sir in ukraine. and her russian aggression...
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christine montoya is in brussels. we're and g ministers are debasing the details of that plan. and she told us more when the commission initially brought out its plan. there was a lot of backlash to there. some reports, what they agreed on today is a somewhat watered down version to the commission's initial plan. i'll give you a little bit of what is in as effectively in principle, they've agreed at a 15 percent reduction reduction in natural gas consumption starting august 1st are going through to the end of march next year, this voluntary and reduction. there are some exceptions for countries like martin island or whose gas infrastructure is not directly linked or connected to another e u member state. this is a watered down version of the initials are the commissions initial plan. i in that effectively what the commission was going for was we'll member states to, to seed their energy sovereignty, allowing the commission brussels to take the decision to impose at cats as well as to rush and gas across the u. member states that was widely rejected by countries or at down in th
christine montoya is in brussels. we're and g ministers are debasing the details of that plan. and she told us more when the commission initially brought out its plan. there was a lot of backlash to there. some reports, what they agreed on today is a somewhat watered down version to the commission's initial plan. i'll give you a little bit of what is in as effectively in principle, they've agreed at a 15 percent reduction reduction in natural gas consumption starting august 1st are going...