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well and if you can believe the words of e.u. budget commissioner commissioner going to the he said a deficit procedure against italy is in evitable so it's very likely that the commission will go ahead in recommending to launch the sanction process against italy however this is only the 1st step in a long and difficult procedure in the end the council of the european council the foreign ministers of the member states next month will decide will give their green light or not to start the sanction process against italy however noteworthy in the history of the european union no country has ever been sanctioned under such circumstances and it is a deputy prime minister much he has been easily the league body has scored for an evil meeting to review the blocs fiscal rules which he blames for impoverishing italians how did that go down. well the e.u. has given italy a lot of financial leeway in the past months and weeks leading up to the european elections but now they have toughened their stance basically they're very clear in their message
well and if you can believe the words of e.u. budget commissioner commissioner going to the he said a deficit procedure against italy is in evitable so it's very likely that the commission will go ahead in recommending to launch the sanction process against italy however this is only the 1st step in a long and difficult procedure in the end the council of the european council the foreign ministers of the member states next month will decide will give their green light or not to start the...
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president in the run it will not coles vision for europe who had called for a multi 1000000000 euro e.u. budget almost 2 years ago but have been met with a strong opposition along the way. now let's bring in our europe correspondent barbara visible from luxembourg barber there's been talk about that budget for years is that now finally it. it is it's there is some sort of a budget but it's not even supposed to be called that it's called the budgetary instrument because the netherlands who with the main enemy of the french here in this fierce battle where it against calling in that because they thought it could have wider implications the basic fear behind this fight that has been fought throughout 12 hours throughout last night here in los burg at the table was the finance ministers was willed money flow from the north the fiscally responsible countries to the southern wall flip lose or let's say fiscally responsible countries like italy and maybe some others so the netherlands particularly where the spearhead here if fighting against it and shrink wrapping president microns version of the euro
president in the run it will not coles vision for europe who had called for a multi 1000000000 euro e.u. budget almost 2 years ago but have been met with a strong opposition along the way. now let's bring in our europe correspondent barbara visible from luxembourg barber there's been talk about that budget for years is that now finally it. it is it's there is some sort of a budget but it's not even supposed to be called that it's called the budgetary instrument because the netherlands who with...
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french president the man will mark hall's vision for europe who has called for a multi-billion e.u. budget almost 2 years ago but have been met with strong opposition a long way. now a lot that's your correspondent barbara visible from luxembourg and our financial correspondent on the boss in frankfurt barbara let's start with you there's been a talk about this budget for years is that now finally it. so there is some sort of budget but it is maybe even below a compromise ministers this morning in their 1st press conference couldn't even agree if their glasses warehouse full or if they just were just a few drops of water in them because there is going to be what they call a budgetary instrument but it is more or less an empty vessel because the main points of contention where will go and how will the money be raised that is supposed to fill this vessel and who is going to control it and what is it for these main points of contention haven't been so ministers said at the table last night for 12 hours and in the end they emerged pale and didn't really have anything concrete to offer to the w
french president the man will mark hall's vision for europe who has called for a multi-billion e.u. budget almost 2 years ago but have been met with strong opposition a long way. now a lot that's your correspondent barbara visible from luxembourg and our financial correspondent on the boss in frankfurt barbara let's start with you there's been a talk about this budget for years is that now finally it. so there is some sort of budget but it is maybe even below a compromise ministers this morning...
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e.u. decides what to do about its budget busting deficit. that much more i'm brian thomas for the entire news team thanks so far for joining us. the lifeline a connection to. the river of spirits the coccyx of. along the caribbean amazon. the river still runs its natural numbers. the counties government has big plans to develop in the face of the former environmental indigenous peoples. comes up come 16 the b.w. . the best time to take the stuff for the benefits the big time europe just such thing up. and the fight for the troops the be hard to overcome down trends and congressional law but it's time for. a new don't really use coming up ahead. minds. where i come from we have to fight for us. press and was born and raised in a military dictatorship with just one t.v. shadow and a few newspapers one official information as a journalist i have worked on the street for many cancers and their problems are always the same courting the social inequality a lack of the freedom of the press and corruption who can afford to stay silent when it comes
e.u. decides what to do about its budget busting deficit. that much more i'm brian thomas for the entire news team thanks so far for joining us. the lifeline a connection to. the river of spirits the coccyx of. along the caribbean amazon. the river still runs its natural numbers. the counties government has big plans to develop in the face of the former environmental indigenous peoples. comes up come 16 the b.w. . the best time to take the stuff for the benefits the big time europe just such...
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e.u. sanctions for breaching budget rules. u.s. congressional investigation has begun into competition in the tech and online markets the house of representatives judiciary committee says a handful of companies have come to dominate digital platforms and now have extraordinary power no firms are mentioned by name but the justice department is already preparing to examine the influence of apple amazon facebook and google's parent company alphabet shameful and unacceptable that's how canada's prime minister described the findings of a report into the deaths of thousands of indigenous women and girls justin trudeau has promised a national action plan or to government inquiry concluded that canada was complicit in a race based genocide she had pretense he has more now the center of the star blanket is a carob. the 4 commissioners of the national inquiry into missing and murdered indigenous women and girls placed sacred objects into their final report and wrap the report in a ceremony or blanket. before handing it to the canadian nation
e.u. sanctions for breaching budget rules. u.s. congressional investigation has begun into competition in the tech and online markets the house of representatives judiciary committee says a handful of companies have come to dominate digital platforms and now have extraordinary power no firms are mentioned by name but the justice department is already preparing to examine the influence of apple amazon facebook and google's parent company alphabet shameful and unacceptable that's how canada's...
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demanding real consequences for what the report describes they want bobbish excluded from upcoming e.u. budget talks then indeed in these negotiations he's going to try to limit the use influence in order to increase his. own power polman has rightly challenge that for months now this conflict of interest means he must be excluded from budget talks if wilson ben. demonstrators say they won't quit as long as babbitt isn't power but his supporters don't care the economy is humming along and they don't want the e.u. telling them what to do. chinese president xi jinping is meeting president. in moscow and the 2 leaders have met dozens of times in recent years and are looking to fun to deepen trade ties between the nations today's talks take on extra urgency amid china's heated trade war with the united states in the interview with the russian state media ahead of the trip she called putin his best and bosom friend saying he cherished a deep friendship. friendships must be cultivated to that end china bestowed an honorary doctorate on russia's president last month at a press conference for the even
demanding real consequences for what the report describes they want bobbish excluded from upcoming e.u. budget talks then indeed in these negotiations he's going to try to limit the use influence in order to increase his. own power polman has rightly challenge that for months now this conflict of interest means he must be excluded from budget talks if wilson ben. demonstrators say they won't quit as long as babbitt isn't power but his supporters don't care the economy is humming along and they...
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demanding real consequences for what the report describes they want babbitts excluded from upcoming e.u. budget talks then in these in these negotiations he's going to try to limit the use influence in order to increase his own power problem and has rightly challenge that for months now this conflict of interest means he must be excluded from budget talks about sure he must be alone you know you demonstrators say they won't quit as long as babbitts is in power but his supporters don't care the economy is humming along and they don't want the e.u. telling them what to do. it's to australia now where the most senior catholic cleric found guilty of child sex abuse as launched an appeal against his conviction the disgraced 77 year old cardinal george pell is asking an australian appeals court to overturn his conviction for molesting 2 choir boys in a cathedral in the 1990 s. he was convicted by a court in state of victoria last december and is now serving a 6 year sentence in a melbourne prison. i spoke earlier to correspondent roger maynard in sydney and asked him what we can expect in this case.
demanding real consequences for what the report describes they want babbitts excluded from upcoming e.u. budget talks then in these in these negotiations he's going to try to limit the use influence in order to increase his own power problem and has rightly challenge that for months now this conflict of interest means he must be excluded from budget talks about sure he must be alone you know you demonstrators say they won't quit as long as babbitts is in power but his supporters don't care the...
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132 percent of the country's total economic output now that's more than double what's allowed by e.u. budget regulations. the european commission's message is loud and clear it's the end of the line for italy's believing public debt. we know is that there is a pause for recovery and growth really doesn't member states already taken it was a success so this boss told us that he knew would reform effort not spending more wins additional fiscal space to loose italy's current debt stands at 132 percent of annual g.d.p. in other words the country owes far more than the value of its entire economic output under the rules member states aren't supposed to amass debt that exceed 60 percent of their annual g.d.p. . evenly has been ruled by a coalition of the league party and 5 star movement during the election they promise to end government cutbacks and boost social spending while reducing taxes in addition the government hopes to lower italy's retirement age the coalition says the measures will help kick start italy's sputtering economy and cut the country's unemployment particularly i don't even hav
132 percent of the country's total economic output now that's more than double what's allowed by e.u. budget regulations. the european commission's message is loud and clear it's the end of the line for italy's believing public debt. we know is that there is a pause for recovery and growth really doesn't member states already taken it was a success so this boss told us that he knew would reform effort not spending more wins additional fiscal space to loose italy's current debt stands at 132...
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e.u. is set to rule on whether italy's budget violates its rules and it's not expected to go easy on rome. also coming up as the 2 countries trade dispute goes on china warns its students against traveling to the united states. was once a video empire that's found the globe we see what's left of blockbuster at its very last store. but have to do that the business i want to get jones and berlin good to have you with us so is italy in breach of european budget rules that is the question european regulators are expected to answer with yes later today the move could result in the e.u. imposing financial sanctions on the country the dispute centers on italy's mounting public debt at present the sum the government owes is worth 132 percent of the country's total economic output and that figure is expected to rise to 135 percent next year that is a thorn in the side of the e.u. under its rules member states can only hold a debt of up to 60 percent of g.d.p. so a showdown with the e.u. would put further pressure on italy's fragile coalition government which is already under pressure to deliver on
e.u. is set to rule on whether italy's budget violates its rules and it's not expected to go easy on rome. also coming up as the 2 countries trade dispute goes on china warns its students against traveling to the united states. was once a video empire that's found the globe we see what's left of blockbuster at its very last store. but have to do that the business i want to get jones and berlin good to have you with us so is italy in breach of european budget rules that is the question european...
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Jun 23, 2019
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e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limit set by the e.u. stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00. so doesn't look brilliant for italy which exited its 3rd recession in a decade we're going to talk about this with nicola nobility who is a senior economist at oxford economics is on skype from milan today nice to have you with us nicola one of you explain 1st of all this sort of quantify currency which the italians they use now how does that actually work in in simple terms well basically what happened is that like a couple of couple of weeks ago today the parliament passed. unanimously the emotion we should. from a practical point of view doesn't doesn't mean a lot in in italy to pass this motion in no wa
e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limit set by the e.u. stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00. so...
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Jun 24, 2019
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e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limit set by the e.u. stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00. so doesn't look brilliant for italy which exited its 3rd recession in a decade we're going to talk about this with nicola nobility who is a senior economist at oxford economics is on skype from milan today nice to have you with us nicola one of you explain 1st of all this sort of quantify currency which the italians they use now how does that actually work in in simple terms well basically what happened is that like a couple of couple of weeks ago today the parliament passed. unanimously the emotion we should. from a practical point of view doesn't doesn't mean a lot in in italy to pass this motion in no wa
e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limit set by the e.u. stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00. so...
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Jun 22, 2019
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e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limits set by the stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00 so doesn't look brilliant for italy which exited its 3rd recession in a decade we're going to talk about this with nicola nobility who is a senior economist at oxford economics is on skype from milan today nice to have you with us nicola one of you explain 1st of all this sort of quantify currency which the italians they use now how does that actually work in in simple terms well basically what happened is that like a couple of couple of weeks ago the parliament passed. unanimously the emotion we should. from a practical point of view doesn't doesn't mean a lot in in italy to pass this motion in no way should th
e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limits set by the stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00 so doesn't...
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Jun 25, 2019
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e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limit set by the stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00 so doesn't look brilliant for italy which exited its 3rd recession in a decade we're going to talk about this with nicola nobility who is a senior economist at oxford economics is on skype from milan today nice to have you with us nicola one of you explain 1st of all this sort of quantify currency which the italians are using now how does that actually work in in simple terms well basically what happened is that like a couple of couple of weeks ago the parliament passed. unanimously the emotion we should. from a practical point of view doesn't doesn't mean a lot in in italy to pass this motion in no way should th
e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limit set by the stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00 so doesn't...
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Jun 4, 2019
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e.u. sanctions for breaching budget rules. i ask both political forces and in particular their respective leaders who also play a role in the government to make it clear choice and to tell us if they intend to continue in the spirit of the contract stipulates that with the goal of implementing the action realisation of its contents in the interest of the country or if they prefer to reconsider their position because they cultivate the hope of an electoral test human rights lawyers are asking the international criminal court to investigate whether european union migration policy is responsible for crimes against humanity e.u. officials are accused of being knowingly responsible for migrant deaths and culpable for rapes and torture in libya france dismissed the accusations are senseless and lacking any legal foundations at least 11 civilians are being killed in the tank in eastern democratic republic of congo military sources say the attack in their name was carried out by rebel fighters belonging to the group known as the allie
e.u. sanctions for breaching budget rules. i ask both political forces and in particular their respective leaders who also play a role in the government to make it clear choice and to tell us if they intend to continue in the spirit of the contract stipulates that with the goal of implementing the action realisation of its contents in the interest of the country or if they prefer to reconsider their position because they cultivate the hope of an electoral test human rights lawyers are asking...
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Jun 22, 2019
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e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limits set by the stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00 so doesn't look brilliant for italy which exited its 3rd recession in a decade we're going to talk about this with nicola nobility who is a senior economist at oxford economics is on skype from milan today nice to have you with us nicola one of you explain 1st of all this sort of quantify currency which the italians are using now how does that actually work in in simple terms well basically what happened is that a couple of a couple of weeks ago the parliament passed. unanimously the emotion we should. from a practical point of view doesn't doesn't mean a lot in in italy to pass this motion in no way should they
e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limits set by the stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00 so doesn't...
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e.u. sanctions for breaching budget will. i ask both political forces and in particular the respective leaders who also play a role in the government to make a clear choice and to tell us if they intend to continue in the spirit of the contract stipulated with the goal of implementing the actions for its realisation of its contents in the interest of the country or if they prefer to reconsider their position because they cultivate the hope of an electoral test. the president of mexico is proposing to decriminalize all illegal narcotics in an effort to stop what has so far proved impossible ending the drugs gang war in the final part of our special coverage marking 6 months since under-estimate overdraw took office our correspondent money arapaho examines the president. this indoor garden consists of about a dozen marijuana plants. they're being grown in a spare bedroom of an apartment near downtown mexico city. the grower will call him carlos has asked us to hide his identity but he is happy to show off his plants which he sa
e.u. sanctions for breaching budget will. i ask both political forces and in particular the respective leaders who also play a role in the government to make a clear choice and to tell us if they intend to continue in the spirit of the contract stipulated with the goal of implementing the actions for its realisation of its contents in the interest of the country or if they prefer to reconsider their position because they cultivate the hope of an electoral test. the president of mexico is...
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e.u. finance ministers have created to the outlines of a eurozone budget even if an exact sum is yet to be decided speaking with german finance minister a french finance minister. called the proposals a game changer that would improve the way the euro zone works but critics say germany has watered down french proposals which envision a more closely united euro set of the mayor also called in italy to clarify how it intends to avoid looming e.u. disciplinary action over its rising it's released its. oil prices have risen further on friday continuing thursday's trend to brant crude so a temporary north point 9 percent increase but it's flattened a bit since the day's peak oil prices had surged by as much as 4 percent following an alleged attack on 2 oil tankers in the strategically important strait of hormuz . well german drugs and chemicals company by a has launched a p.r. offensive to counter the growing criticism over its weed killer round up the controversial key ingredient the life of say which is said to cause cancer round up was a top seller of us advocate nickel company monsanto and
e.u. finance ministers have created to the outlines of a eurozone budget even if an exact sum is yet to be decided speaking with german finance minister a french finance minister. called the proposals a game changer that would improve the way the euro zone works but critics say germany has watered down french proposals which envision a more closely united euro set of the mayor also called in italy to clarify how it intends to avoid looming e.u. disciplinary action over its rising it's released...
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e.u. is set to rule on whether italy's budget violates its rules and it's not expected to go easy on. also coming up as the 2 countries trade dispute goes on china warns it's too good.
e.u. is set to rule on whether italy's budget violates its rules and it's not expected to go easy on. also coming up as the 2 countries trade dispute goes on china warns it's too good.
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Jun 18, 2019
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e.u. so the deal needs to be paid in to the budget and so on and so on so there's going to have to be some talking around the edges the real problem as we've all been around around is the so-called backstop on the northern irish irish ford or that has been a problem i don't see the european union bending on that that is a guarantee it's not anything anybody wants. and i i do believe that's a big sticking point now there may be ways to you know talk about timing and saving and so on and so on but the essence of the withdrawal of grant which is a divorce deal i mean it's not the future relationship really i don't think can change very much if at all and certainly not in the sense of oh i'm just going to come to brussels and they're going to bend it we're going to get whatever we want and in 3 weeks the other problem it must be said is given the way the laws are written now written leaves on october 31st if it does nothing britain will have to ask for a delay beyond october 31st if it wants one and whether parliament wants it or not unless it does something active if less than half there's a
e.u. so the deal needs to be paid in to the budget and so on and so on so there's going to have to be some talking around the edges the real problem as we've all been around around is the so-called backstop on the northern irish irish ford or that has been a problem i don't see the european union bending on that that is a guarantee it's not anything anybody wants. and i i do believe that's a big sticking point now there may be ways to you know talk about timing and saving and so on and so on...
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e.u. commission didn't let the situation spoil his mood so they. can increase i wish we could have agreed on a successor to the president of the european commission to do it on the budget so i was amused to note that it is very difficult to replace me if you see them all. the other. e.u. leaders are expected to meet again next week in a final bid to choose the right person for the job. ok let's go straight to brussels and bring in our correspondent there derek mathis good morning why no agreement on these key posts at such a critical time for the u. . it appears brian that we still lack the sense of urgency that it takes to make sometimes painful compromises if you look at. the raw itself what has that likely complicated matters is the fact that the european politicians would like to play a stronger role in the process of finding the top job for the european commission in pre-selecting candidates for that job and if you talk to french president emanuel in my car in the early hours of this morning you made clear that all the lead candidates have been eliminated now german chancellor angela merkel has a somewhat i would say softer and of events from last night and this m
e.u. commission didn't let the situation spoil his mood so they. can increase i wish we could have agreed on a successor to the president of the european commission to do it on the budget so i was amused to note that it is very difficult to replace me if you see them all. the other. e.u. leaders are expected to meet again next week in a final bid to choose the right person for the job. ok let's go straight to brussels and bring in our correspondent there derek mathis good morning why no...
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e.u. has a defense budget that's bigger than russia and china.n there shoulder to shoulder with us and helped news our long twilight struggle against communism, helped us defeat the soviet union union and assign them to the dust bin of history. i'm hoping that was spoken in complete ignorance on the president's part. i hate to think he would deliberately lie about allies that would shed blood in the pursuit of freedom and as our allies across the globe aefr the past 60, 70, 75 years. >> you saw president trump last week sitting in front of the graves of the dead from the battle in normandy. this is a president, giveagain, did not serve because he had bone spurs, or so he says, but nobody can confirm them. welcome back to "morning joe." we have mike barnicle, washington anchor for bbc world news america, katty kay. historian and msnbc contributor john peameacham and professor ee glaude jr. and political reporter for "the washington post" robert costa, the moderator of "washington week" on pbs. >> mike barnicle, we spoke last hour of the news broke
e.u. has a defense budget that's bigger than russia and china.n there shoulder to shoulder with us and helped news our long twilight struggle against communism, helped us defeat the soviet union union and assign them to the dust bin of history. i'm hoping that was spoken in complete ignorance on the president's part. i hate to think he would deliberately lie about allies that would shed blood in the pursuit of freedom and as our allies across the globe aefr the past 60, 70, 75 years. >>...
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e.u.'s relationship status complicated last year the country only narrowly avoided disciplinary action over its budget plan now its finances are back in the spotlight with brossel is once again sounding the alarm over the country's ballooning desk and here's the problem italy's current debt stands at 132 percent of g.d.p. in other words the country owes far more than the value of its entire economic output under e.u. rules member states aren't supposed to a mass death worth more than 60 percent of their g.d.p. . 0 skeptic government has questioned those regulations and wants them to be reviewed. it has at least 2 reasons not to want to rein in spending earlier this year the governing coalition rolled out a new welfare scheme and committed to reduce the retirement age 1st. workers. promises that are already proving costly to deliver. joining me now from brussels is the max zonda max that he was announced its decision can you explain it to us. yes the commission concluded that italy is indeed in breach of the u. fiscal rules and also said that it only made limited success in reducing debt so we're not l
e.u.'s relationship status complicated last year the country only narrowly avoided disciplinary action over its budget plan now its finances are back in the spotlight with brossel is once again sounding the alarm over the country's ballooning desk and here's the problem italy's current debt stands at 132 percent of g.d.p. in other words the country owes far more than the value of its entire economic output under e.u. rules member states aren't supposed to a mass death worth more than 60 percent...
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e.u. fiscal rules the dispute centers on the country's ballooning debt currently valued at 132 percent of total economic output that's more than double of what's allowed by you budget regulations if you member states back the plan to punish only the country could face hefty fines. for more on this story let's bring in journalist josefina cannot rome correspondent max sander in brussels max let me start with you how likely is it that italy will have to pay these fights. well chris you just said that the member states will have to decide on whether they back the report then they could start a long disciplinary process that it's intended to bring the spending back down but this procedure has been used many many times in the last decade and so far no country has ever had to pay the fine so if the italians step up their game they might be able to avoid the fine now we have to keep in mind that italy and the e.u. commission have been at loggerheads for months josephine in rome how is this news gone down in rome where the governing coalition seems shaky as it is. well that's right this was a very scathing assessment of the italian economy and both the lead is of the leagu
e.u. fiscal rules the dispute centers on the country's ballooning debt currently valued at 132 percent of total economic output that's more than double of what's allowed by you budget regulations if you member states back the plan to punish only the country could face hefty fines. for more on this story let's bring in journalist josefina cannot rome correspondent max sander in brussels max let me start with you how likely is it that italy will have to pay these fights. well chris you just said...
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Jun 4, 2019
06/19
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BLOOMBERG
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you mentioned, the first instance is the issue with italy and the e.u., and its potential then to break from stability pact of 3% budget concern, definitely. what we are waiting for is the ecb this week to announce how thiscomfort the ecb in inflation, under 1% how much comfort the ecb can give to countries like italy in capacityo a potential for italian banks to finance themselves and for a budget deficit to explode again. the potentialy announcements that could give some heart to the btp market. matt: sandra, we will keep you with us on radio. i want to encourage our viewers to tune in to radio in about 30 minutes for more from sandra crowl, member of the investment committee at carmignac. i want to quickly point out this chart, which i think is fascinating. showing us the spread between btp's and bunds, getting back to the point where we last saw it when the populist government was elected to office, in italy. up next, washington takes aim at utlicon valley, and wipes o $137 billion. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go b
you mentioned, the first instance is the issue with italy and the e.u., and its potential then to break from stability pact of 3% budget concern, definitely. what we are waiting for is the ecb this week to announce how thiscomfort the ecb in inflation, under 1% how much comfort the ecb can give to countries like italy in capacityo a potential for italian banks to finance themselves and for a budget deficit to explode again. the potentialy announcements that could give some heart to the btp...
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Jun 17, 2019
06/19
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e.u. so the deal needs to be paid in to the budget and so on and so on so there's going to have to be some talking around the edges the real problem as we've all been around around is the so-called backstop on the northern irish irish ford or that has been a problem i don't see the european union bending on that that is a guarantee that it's not anything anybody wants. and i i do believe that's a big sticking point now there may be ways to you know talk about timing and saving and so on and so on but the essence the withdraw the grant which is a divorce i mean it's not the future relationship really i don't think can change very much if at all and certainly not in the sense of oh i'm just going to come to brussels and they're going to bend it we're going to get whatever we want and in 3 weeks the other problem it must be said is given the way the law is written now britain leaves on october 31st if it does nothing britain will have to ask for a delay beyond october 31st if it wants one and whether parliament wants it or not unless it does something active if listed passes a law preventing
e.u. so the deal needs to be paid in to the budget and so on and so on so there's going to have to be some talking around the edges the real problem as we've all been around around is the so-called backstop on the northern irish irish ford or that has been a problem i don't see the european union bending on that that is a guarantee that it's not anything anybody wants. and i i do believe that's a big sticking point now there may be ways to you know talk about timing and saving and so on and so...
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Jun 6, 2019
06/19
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ALJAZ
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europeans to spend more on their defense budgets another point of real contention that we expect the 2 leaders to talk about over the lunch is trade because the e.u. and us are supposed to be entering into talks on industrial trade but we know that a model markov is blocking these talks from the european point of view because he says that unless the us signs up to the climate deal or puts in some very strict rules and regulations holding environmental policy then europe should not be entering into these talks it's also be interesting to see exactly how that lunch goes but we're not expecting any statement from either the 2 leaders afterwards kind of talk about our lives in normandy thank you. still ahead on al-jazeera telling us parliament demands answers after the easter sunday bombings that killed more than $250.00 people and the invisible threat that's killed hundreds of children and nigeria. the web sponsored by cateye always. and i know that the weather is very active every parts of europe at the moment in the northeast is incredibly hot so for us in poland is very very warm people playing in fountains there to cool down and the hot weather
europeans to spend more on their defense budgets another point of real contention that we expect the 2 leaders to talk about over the lunch is trade because the e.u. and us are supposed to be entering into talks on industrial trade but we know that a model markov is blocking these talks from the european point of view because he says that unless the us signs up to the climate deal or puts in some very strict rules and regulations holding environmental policy then europe should not be entering...
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Jun 6, 2019
06/19
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nato and how europeans need to spend more on their defense budgets and then the latest bone of contention would be trade of course because the e.u. and us are supposed to start negotiations on a trade industrial goods but a model mike hall has said from the european point of view that is necessary that the u.s. either sign up to the climate deal or put environmental policy firmly on the table before any negotiations can begin so you can imagine that these 2 leaders are certainly going into these talks are very opposing views they might be very heated discussions we don't necessarily know though because there is no press conference or statement expected after. our live for us in normandy thank you natasha. still ahead on al-jazeera as parliament demands answers after the easter sunday bombings that killed more than 250 people. a. week prior to the group the art by algorithm exhibition produced by the world's 1st humanoid artist. hello there we've seen some very heavy downpours over parts of southeast asia recently the satellite picture is showing quite a broad of cloud here over some archer and further northwards just about makin
nato and how europeans need to spend more on their defense budgets and then the latest bone of contention would be trade of course because the e.u. and us are supposed to start negotiations on a trade industrial goods but a model mike hall has said from the european point of view that is necessary that the u.s. either sign up to the climate deal or put environmental policy firmly on the table before any negotiations can begin so you can imagine that these 2 leaders are certainly going into...
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e.u. went through the same process over the same issues last year roman brussels seem to have irreconcilable views on the path to economic stability for italy with the commission insisting more budgetausterity is necessary condition for growth italy deputy prime minister tales of in a flatly rejected that approach saying with cuts sanction and austerity we have seen an increase in debt poverty insecurity and unemployment we must do the opposite. then minister oil is part of it is still struggling after exports of crude and refined oil fell by 17 percent in may that energy companies exports fell to just $874500.00 barrels per day in may following a deadline for buyers to stop purchasing oil in order to comply with u.s. sanctions against south america's largest oil producer venezuela has been draining their stockpiles since january when washington instituted the sanctions on paid of a so in order to mean export and maintain exports of $1000000.00 per barrel per day through april in may part of his was able to ship a total of $33.00 cargos of crude in fuel mainly to asian countries exports to india fell by a 3rd 218-7000 barrels per day chinese imports of venezuelan products remain cl
e.u. went through the same process over the same issues last year roman brussels seem to have irreconcilable views on the path to economic stability for italy with the commission insisting more budgetausterity is necessary condition for growth italy deputy prime minister tales of in a flatly rejected that approach saying with cuts sanction and austerity we have seen an increase in debt poverty insecurity and unemployment we must do the opposite. then minister oil is part of it is still...
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Jun 3, 2019
06/19
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CSPAN
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e.u., going forward. feel it is an opportunity to do more business with the united states. whether it really makes a big difference or not remains to be seen. independent budget have said that they do not think the opportunity available through free trade agreements, that the country will be able to strike on its own after leaving the e.u., will fully compensate for after that for trade after leaving the e.u. host: william schomberg of reuters, thank you for your time this morning. guest: thank you. host: joining us now is dr. amanda sloat with brookings institution, former deputy -- goodt secretary morning. what are the larger ramifications of this trip when it comes to the relationship between these two countries? guest: this trip will be focused on ceremony and less on substance. as you have been discussing, we have an american president very unpopular in the u.k. and we have theresa may as prime minister, who will step down as leader of the conservative party in the next couple of days, so she is a lame-duck in terms of policy discussions. it is a state visit. a lot of pageantry comes with that. the focus will be looking at the larger fundamentals of the
e.u., going forward. feel it is an opportunity to do more business with the united states. whether it really makes a big difference or not remains to be seen. independent budget have said that they do not think the opportunity available through free trade agreements, that the country will be able to strike on its own after leaving the e.u., will fully compensate for after that for trade after leaving the e.u. host: william schomberg of reuters, thank you for your time this morning. guest: thank...