and e.u. to russia to principles and values of our strategic partnership are also being tested and evaluated on the basis of developments in political fields indeed the support of european public opinion to our developing story partnership is an important assets closely related to these fields in this context the union paid keen attention to the conduct of the duma elections last week and we had an honest discussion on these issues at the summit. free and fair elections the respect of human rights and the rule of law freedom of speech and the right of assembly are key for democracies and we welcome to fact that five hundred elections up service waiting vital to the duma elections we are concerned by united in a good attitudes and like a fairness as reported by. other observers as well as parts of the russian public and we have concerted body densham of protesters in contrast the recent large demonstrations were peaceful and your target is he my few handled each friday what we dare for welcome

probably will have less influence now in making decisions in the e.u. would it have been better if the u.k. had just got on board with the rest with this was the argument of course. that we were given when the euro was launched in the first place you have to be part of it or you'll lose all the influence you know the city of london will decline and so well look who was right you know i mean look there is nothing less attractive in politics and saying i told you so but there is no there's one thing less attractive and that is listening to the same discredited arguments from the same shameless politicians who got it wrong who got this badly wrong ten years ago and who are now trotting out exactly the same logic what else has to happen before they accept that their logic was flawed all wish logic is flawed do you think the economic or political logic mainly the impossibility of jamming widely divergent economies into a single exchange rate and a single interest rate there is also a democratic cost it's not only a political cost last month we saw crews in t

tightening the noose on america's controversial death penalty the e.u. plugs the flow of drugs used to kill u.s. inmates. as the eurozone faces an uncertain future with the leaders struggling to reach an accord on how to solve the ongoing economic problems we discuss the issues with an m.e.p. from the u.k. and if you coming your way right now. well today we're joined by conservative any please mr daniel hannan thank you very much for joining us first question that everyone is asking is where do you see the eurozone headed well we can now see very clearly that the euro is a recessionary instrument i mean it's making people poorer it's causing deflation and emigration in the southern states is causing tax rises in the northern states if we were looking at this completely logically we would immediately move towards an orderly unbundling of the single currency but of course the european union is not looking at it logically they come at this with so much political capital and actual capital invested that they can't bring themselves to admit that it was a mist

now, the euro and the e.u.mit will be a key focus, of course, but stock trading may actually be trading in a little bit of a narrow range ahead of that key european central bank policy meeting later today. for now back to you. >> all right. lots going on. thanks a lot. ramin from the tokyo stock exchange. >>> now, in other news data just in. japan's current account surplus in october fell for an eighth straight month. the finance ministry said in a preliminary report on thursday the current account balance fell 62.4% in yen terms from a year earlier to about $7.2 billion. trade balance turned to the red for the first time in two months. exports fell 2.7%, while imports rose 21.3%. the income surplus, however, grew 20.3%, helping the overall account balance stay in the positive. let's see where markets are trading once again. >> that's the latest from business. now it's back to catherine. >> thanks very much. >>> the operator of the mihama nuclear power plant has said it's shut down one of three reactors after a

the eurozone countries and the e.u. institutions will find themselves simply not big enough to cope with it meanwhile inspectors from the so-called troika which consists of the european commission the european central bank and the international monetary fund are looking to provide athens with a new one hundred billion euro bailout i would call it lying circus the banks who are trying to save their necks who were put on the line with bad loans to corrupt governments in. waiting and expecting european taxpayers to pay their bills especially the bonus bills sure christmas is big in europe but billing of the euro for the sake of the banks is becoming one expensive present the dozens of protests that have rocked the e.u. this year alone are a clear sign of discontent over austerity. and it's highly unlikely the new set of handouts for greece will be greeted with anything cheer. or g. germany. meantime david cameron's know the e.u. fiscal agreement received a mixed reaction at home and the prime minister enjoyed a hero's welc

the e.u.s a whole. we were simply asking for a level playing field, for open competition for financial services companies in all e.u. countries with arrangements that would enable every state to regulate its football sector properly -- financial sector properly. to those who are saying we were trying to go soft on the banks, nothing can be further from the truth. we are going the respond positively to the tough measures set out in the vick car's report. there are issues about the current european regulations, so one of the things we wanted was to make sure we could go further than european rules on regulating the banks. the financial services report on rbs today demonstrates just how necessary that is, and perhaps honorable members opposite will remember their responsibility for the mess that they created. and those who say, and those who say that this proposed treaty change was all about safeguarding the eurozone and so britain shouldn't have tried to interfere or to insist on safeguards, i b

so e.u. leaders have agreed upon a general plan which as expected was no magic solution markets are still on shaky ground and economic growth prospects are still bleak for several countries and while the euro live to see another day leaders will have to go home and explain to their people why it should and what it would really cost the proper implementation is crucial to get this back on the growth back past and member states i believe need to do more to fully implement the country specific recommendations so what does that mean for greece for example european leaders have just approved an eight billion euro trash of aid to prevent the country from going bankrupt in exchange greece promised to cut its deficit to five point four percent of its g.d.p. from a projected nine percent this year translation more tax hikes and spending cuts for greeks still reeling from previous hysteria measures. if we were to put this you're a package to the electorates of greece of portugal ireland italy spain the

although the e.u. said well they're willing to talk about and continue negotiations on how to add more flexibility so that they would take into consideration of russia's interests now another thing in relation to trade and business is of course the accession of russia to the w.t. oh no this will provide more liberalization definitely lower import tariffs for russia certainly the e.u. will play a very big role considering that seventy point five percent of investment in russia is coming from the e.u. so to morrow the they will rubber stamping w t o accession and then russia has to ratify that agreement so a lot of business and trade talks happening here in brussels between the two sides ok test how many thanks for that correspond to s.l.c. their life brussels. access to two major parts of its financial assets which were frozen by international banks during the last months or we could. the u.n. sanctions committee is due to take the decision will the move will help ease some of the problems the country's

well david cameron's firm no to the e.u. fiscal agreement received a mixed reaction at home he's been defending his decision in the house of commons earlier today on monday saying the treaty lacked financial safeguards for the u.k. well for more on this some are joined by historian and author neil. did david cameron have any other choice but to go his own way the summit. well he obviously had a choice the british elite has been divided since the beginning really on the e.u. between those who value greater integration into the into the european market and it's interesting that british industrialists have been expressing concern about the problem caused by the rift division between those and on the other hand finance capital the city of london feels threatened by the possibility of an e.u. imposed tax on financial transactions now clearly cameron had a choice he could have either gone with greater integration or he backs the speculative profits of the city of london and seeks to defend the banks in the city against. taxation a

out of the e.u. campaign and supported but has doubts about how the e.u. is going to work with this division in place. i think he was right to stand up to the germans and engage right to stand up to a little sarkozy but the bottom line is the facts are we are now more isolated than ever we're still be paying fifty one million pounds a day into the but now i have no influence over what so ever clearly the british people do not want fiscal review and clearly david cameron went to brussels trying to stop fiscal union and to stop the current of. the destruction of the banking sector he didn't get what he wanted so he decided to walk out of those discussions and some people say he was a bulldog rather than the political but i think now he has to go even further and asked to give the british people on the subject we want less integration not more integration and certainly now we've got this fiscal union but the whole question is of course how will this fiscal union work how will these f.-u. work can they use the instruments of the i would say probably not and i

and their involvement in the e.u. and what does it mean for the eurozone and the global economy well the man himself nigel fragile was here earlier to talk to me more about this i asked him if a split in the e.u. is inevitable here is his take. it's happened already i think i think it happened in the early hours of last friday morning where the united kingdom a country of sixty two million people one of the really big players in the european community for the last nearly four decades found herself hopelessly isolated abused by everybody. i don't think there is any going back from well cameron's decision certainly it was not a popular one at least among his fellow members of the e.u. . do you think that he is has alienated himself from from members of the. cameron is somebody who is naturally a fairly gentle consensus politician he likes to be popular he likes to side up to agreements he went along last thursday with what he thought were very reasonable practical demands so that the united kingdom which has a very big

the e.u. trade commissioner called the goodies in geneva to welcome russia into the world trade organization he warns it comes at a time when the euro crisis threatens the world with recession mr de gucht leaders are insulting each other the euro's fall into new lows how worried are you about this stage of the euro debt crisis i see that. people some people continue to fing that. sooner or later we will have serious problems with the euro. and that's obviously influencing the debate but this is simply not true i mean the euro is going to continue there to stay and europe will do everything that's a see to preserve the european union it's not a matter of choice you know it's not a matter of having different turn of this very clear cut political decision the you know is there to say full stop nicolas sarkozy's just call david cameron an obstinate kid while e.u. leaders getting personal it's not up to me to make comments on what president sarkozy is saying but generally i think one should avoid t

twenty three members of the e.u. have agreed to form a new fiscal compact to rein in the deficit as those have been the offer of more support for the most indebted nations oil prices are likely light sweet is trading under ninety eight dollars a barrel i'm grant is that over one hundred seven dollars per pound for more analysis of the markets let's cross to the new bush show on the business desk. now the russian market seems to be moving to the beat of its own drum at the very well what's going on is the protests russia doesn't have france's if you like a culture of regular protest which means that if for example look. russia doesn't have france's protest culture means that news of tomorrow's thirty thousand strong rally really has shaken the markets that has investors frightened you can see that from the r.t.s. yesterday we had a fall which was accentuated today we had a sharp falls this morning the other big news of course is the euro the continuing euro crisis we're seeing short falls again today next week if the

fresh rift within the e.u. britain vetoes a new treaty tightening fiscal rules for but members and a move that many believe is a first step for the u.k. towards the exit door. liberated but desperate for money libyan authorities plead to the u.n. to release billions of the country's assets still frozen months after the end of military conflict that our top stories this hour. with a look back at the past seven days top stories and the latest developments this is . and our weekly edition president dmitri medvedev has promised that all claims of violations during last week's parliamentary election will be investigated this comes after a post-election frenzy culminated in the biggest opposition rally in russia's recent history. never has the details. this rally took place a no the central school where where over twenty five thousand people came through so they came to the a revolutionary square but of the moscow c.b.s. story it is we're not alone people together they're good that's why then they peacefully proceede

to a creative fiscal union within the e.u. there would have to be referendums in countries like ireland perhaps even in germany and many other nation states would have to ratify it through their national parliaments which will take many years indeed they might even take years to have an agreement on what kind of fiscal we union there would be. and what i can't attack but i can assure the issue of school unity there needs to be some degree of political unity as well british prime minister david cameron in paris now to meet president sarkozy they haven't exactly seen eye to eye in the past cameron is afraid britain will lose its influence if the e.u. is revamped and you think that non euro nations should have a say in. well odds are that david cameron was concentrating on the british economy in trying to get the economy moving within the united kingdom and him to be calling for fiscal union will is a great mistake if there is a fiscal union which will take years to build in the u. that will mean the will be the end of democracy

only the e.u. and a few others are prepared to stick with it, but they only released 15% of the world's emissions. a new global treaty may not come until 2020 or even later. this afternoon, protesters tried to disrupt the conference, accusing negotiaters of stalling. but jostling with the police will do nothing to budge the biggest economy. china, india, and america, all worries that a climate treaty could restrain growth. and that's the reality. >> to make the case for a really robust and ambitious agreement. can be supported by many developing countries. unless china and india and the u.s. are onboard, we're not going to have a global solution. >> near the conference center, a new solar power station, many companies and countries are turning to green energy. but not having an international treaty makes that harder, and the talks up the road are struggling tonight. they'll run into the weekend and no one can predict the outcome. david shookman, "bbc news." >> for most of his life, harji has lived

as britain and hungary say no to any e.u. treaty change and the dream of a united europe appears to be standing on a shaky ground more details from brussels coming up in a few moments. israeli missiles rained down on god's earth targeting militants but hitting civilians in the most dramatic escalation of violence. as post-election protests in russia made some western hearts debate with a view of a russian uprising the sentiment comes two decades today. while the oil is up u.s. stock futures are pointing high europe is gaining russia is deep in the road find out why it's windy but it's all business so it's. very welcome to you this is our live from moscow and the euro is future has been dealt a severe blow at eleventh hour talks in brussels as you can hungry refused to sign up to new e.u. treaties marson even talks left the core euro's ing states making further agreements while all the european countries joined in to work out budget rules and changes will also he says a syria is in brussels for us. in view of the lack of a uni

although the e.u. said well they're willing to talk about and continue negotiations on how to add more flexibility so that they would take into consideration of russia's interests now another thing relation to create a business is of course the accession of russia to the w t o no this will provide more liberalization definitely lower import tariffs for russia certainly the e.u. will play a very big role considering that seventy point five percent of investment in russia is coming from the e.u. so to morrow the they will rubberstamp be w t o accession and that russia has to ratify that agreement so a lot of business and trade talks happening here in brussels between the two sides . this was senior europe correspondent more news analysis on our web site r t v dot com online right now in fact as a rand becomes the target of a series of bombings and assassinations with the views of one expert who believes the so-called rogue state could just be the latest victim of the world's wheel axis of evil also mosco

a fresh a rift within the e.u. britain vetoes the new treaty tightening fiscal rules for sin a move that many believe is a first step in the u.k. towards the exit door. liberated but desperate for money libyan authorities pleaded to the u.n. to release billions of the country's assets still frozen months after the end of the military conflict that. a very warm welcome to you here watching the weekly with me rory sushi russia has seen a post-election frenzy this week with those dissatisfied with the results taking their anger to the streets this weekend it culminated in the biggest opposition rally in the country's recent history but despite the ominous predictions the event did pass peacefully as ati's arena go to scott reports. now there really was sick place in the center of moscow on saturday has gathered more than twenty five thousand people that's according to police estimates it began of the revolutionary square and there was the prevention about that particular gathering because most because it is thirty sev

the e.u. as a whole. we were simply asking for a level playing field, for open competition for financial services companies in all e.u. countries with arrangements that would enable every state to regulate its football sector properly -- financial sector properly. to those who are saying we were trying to go soft on the banks, nothing can be further from the truth. we are going the respond positively to the tough measures set out in the vick car's report. there are issues about the current european regulations, so one of the things we wanted was to make sure we could go further than european rules on regulating the banks. the financial services report on rbs today demonstrates just how necessary that is, and perhaps honorable members opposite will remember their responsibility for the mess that they created. and those who say, and those who say that this proposed treaty change was all about safeguarding the eurozone and so britain shouldn't have tried to interfere or to insist on safeguards, i

although the e.u. said well they're willing to talk about and continue negotiations on how to add more flexibility so that they would take into consideration of russia's interests now another thing relation to creative business is of course the accession of russia to the w t o n o this will provide more liberalization definitely lower import tariffs for russia certainly the e.u. will play a very big role considering that seventy point five percent of investment in russia is coming from the e.u. so to morrow the they will rubberstamp be w t o accession and that russia has to ratify that agreement so a lot of business and trade talks happening here in brussels between the two sides . correspondent reporting there syrian activists say twenty seven state security officers have been killed by army defectors in the southern province of there are meantime human rights watch is to release a report naming dozens of syrian officials it claims are responsible for the violent crackdown on protesters let's talk mor