physical in let's do business the showdown has begun the european commission has rejected italy's twenty nine thousand budget for breaching e.u. budget rules it's the first time the european commission has taken such a drastic step having avoided sanctioning both france and germany in the past when they breached the rules the decision means that under the excess deficit procedure rome will be given another three weeks to break consider and revise its spending plans out of the two trillion euros italy's national debt is the highest in the e.u. as one hundred thirty percent of gross domestic product and there are fears any increase could unleash another euro crisis for its part italy says it's willing to talk but it says the economy needs a boost so it's sticking to its plans to triple public spending next year rome insists its budget means debt will begin falling by twenty twenty one. italy's leaders may be somewhat surprised at the use hardline but now prime minister becomes he and his two deputies have three weeks to reconsider their budget plans for next year it's a decisive moment for one of europe's largest economies and

e.u. tells a link to get in line the european commission has rejected at least twenty nine thousand budget brussels is sending a clear signal the e.u. won't accept a drastic rise in debts for its member countries and that the campaigning with donald trump the adverse side of news follows a republican the senate candidate in arizona own race the republicans in need to win to keep their reserves thin majority. thank you so much for your company everyone crown prince muhammad bin saul mon of saudi arabia has appeared in public albeit briefly for the first time since the death of journalist from all social saudi arabia has been embroiled in controversy since hostile she was killed earlier this month and the saudi consulate and its sample and b.s. says he's known made a short appearance at a major. investment conference which has been boycotted by several international companies in protest she's death the saudi government has admitted it is facing a quote crisis over the controversy and earlier console mon and prince mohammad received hostile she's son and brother in riyadh where the two royals

e.u. commission president saying that if they agreed to this there's going to be a revolt in the e.u. with people saying that they're too flexible with italy but i think the e.u. as well as its leaks are going to be looking at how markets react and also a while they want the accounts to be balanced they also don't want to stoke too much of the a populous resentment not just here but in other countries as well i think a lot will depend on what happens in the next two weeks the economy minister is going to be selling his case to the e.u. and it's he's prime minister will be meeting the leaders of germany and france as well as leaders to put forward their case the rationale for this kind of budget the one thing i'd like to know the media's been talking a lot about italy's debt growing and that the fact that italy already has a mountain of debt is there a plan by the government or any willingness to actually reduce that day well if you look at the budget proposal that's been put forward their forecast believes that by putting in place these expansionary measures growth will rebound and th

e.u. commission urging debt reduction. italy already owes more than any other member of the european union and a financial collapse couldn't danger the entire euro zone that's why brussels is pushing for reforms to get italy out of the red but such reforms could further strain lower income italians that's why some members of the new government are fighting to borrow more funds and pay for campaign promises. that i will do a quote to retreat from a two point four percent debt increase would mean telling entirely and you cannot retire by we won't raise your pension we won't compensate those who were cheated by the banks and we won't establish a basic income we refused to back down from our stand. on thursday ministers finally agreed that next year's budget deficit would reach two point four percent of g.d.p. that's far higher than the previous government had budgeted but they also agreed by two thousand and twenty one the deficit should be brought down to one point eight percent. going over to say we had announced that this

e.u. commission but they also insisted that the tone was much more positive than let's say in salzburg especially don't notice the head of the e.u. council said that because he was also responsible for the bad mood back in salzburg but i don't want to bore you with the details we also had the chance to talk to the german chancellor i'm going to america i got to put in a question as well and i asked her if she had a feeling that all you know that the factual possibilities now for the negotiations were on the table and the only thing that was left to do was actually somehow find a possibility for theresa may to sell it back home and this is what she had to say . just to give a positive spin on this one can say that once you have a political city ition you can very quickly. have to knit literally agreement and cornerstones on a future relationship. blacktown what doubt which in a way it is as. they say you don't have to break new ground as it were. so chancellor merkel i speaking that are being very positive lots of positive noises coming out of brussels max so does this mean that the risk of a no d

e.u. commission for approval though the date for that submission was originally set for today but it's now been moved to tuesday italy has the biggest debt in the e.u. and now the government wants to raise the target for next year's deficit to two point four percent of g.d.p. to finance election promises. a mouth watering carbon era is unlikely to be on the european commission's menu today instead it could find itself choking on today's italian main course made up of a whole lot of debt rome is set on increasing state spending but with two point three trillion euros of debt it has the highest level of it in the e.u. and now that figure is set to rise beyond what was originally planned blackmail says the e.u. but the italian government dismisses such accusations. it's not true that our budget works against the e.u. this is the narrative of members of european parties who are currently sitting in european institutions italy is one of the founding countries of the european union and we've always said that not only do we want to remain in it but we want to improve this union and make it more d

e.u. commission haven't taken a clear stand against that it's. got to. start my own chose not to react both that strategy hardly appear to warm up the atmosphere. criticize the e.u. and germany for bullying smaller countries during a public debate at the foreign office the polish president complained that poland disconsolately overruled by the european union and voiced understanding for those who supported it wrecks it. but if everything is good in the e.u. or place why did the british decide to leave but if they didn't they vote against the european ships that you've got when you were up a ski. i believe you e.u. institutions are trying to gain too much power. for your competence here i am saying this is a former member of the european parliament a scapegoat. to germany yes that sounded like a threat and german president was clear in his response it doesn't explode we must not act as if the european union were used up in power that's looking to exercise dominion over us without our consent against wales. later the polish guest was welcomed by german chan

spending you know that the showdown beginning with the european commission rejecting italy's twenty nine hundred budget for breaching e.u. budget bulls it's the first time the european commission has taken such a drastic step having studiously avoided sanctioning both france and germany in the past when they breached the rules the decision means that under the excess deficit procedure rome will be given another three weeks to reconsider and revise its spending plans of a two trillion euros italy's national debt is the highest in the e.u. that's one hundred thirty percent of gross domestic product to refuse any increase could unleash another euro crisis so for its part italy says it's willing to talk but it says the economy needs a boost so it's sticking to its plans to triple public spending next year rome insists its budget means debt will begin falling by twenty twenty one. italy's leaders may be somewhat surprised at the use hardline but now prime minister and his two deputies have three weeks to reconsider their budget plans for next year it's a decisive moment for one of europe's largest economies in the populist g

showdown over money and creating new debt the european commission formally rejected today italy's twenty one thousand budget due to breaching e.u. budget rules and this is the first time the european commission has taken such a dramatic drastic step having avoided sanctioning both france and germany in the past when they breached the same rules the decision means that under the excess deficit procedure rome will be given another three weeks to reconsider and revise its spending plans at more than two trillion euros italy's national debt is the highest in the european union now that is one hundred and three percent of gross domestic product there are fears that any increase could unleash another euro crisis italy's says that it is willing to talk but it says the economy needs a boost so he plans to stick to that project of tripling public spending next year . italy's leaders may be somewhat surprised at the hardline but now prime minister and his two deputies have three weeks to reconsider their budget plans for next year it's a decisive moment for one of europe's largest economies and the populist government's next moves could

e.u. commission to jump through some hoops. that's the european flag -- those are the hoops, the european stars. and to change his budget by jumping through those hoops. this is a first request of this kind by brussels and it takes us through the upcoming deadlines that rome faces with its options to do nothing, or to change things by the first week >> the following program is an original production of link tv. >> thrup on the wall, they're keeping an eye owe. uncle sam keeps an eye on you. here sharon keeps an eye on y

e.u. has flat out rejected a member states budget demanding a resubmission. for the first as a commission is obliged to a. country that it was off budget to be blunt. but we seen no alternative to it all and to do so it is in. the interest of whole. the e.u. claims that italy's debt situation is out of control and that solving these government needs to tighten its purse strings and fulfill its obligations the euro skeptics say it doesn't have anything to do with money since there are other states with bloated budgets that have never felt such a heavy hand from brussels this is the first time in budget the e.u. doesn't like no surprise this is the first italian budget written in rome and not in brussels. you tell me an economy is healthy and this is an economic move that will give. needs we want change one comma in this document to. be you know to go to. the. on. the future. spain belgium portugal and slovenia have all been in violation of the e.u. agreements in the past and for years france has broken the three percent deficit threshold imposed on it by the e.u. as for debt it's been in t

e.u. single market the problem is she rejects all the other freedoms and that's what the u. commission here calls cherrypicking and that won't fly e.u. council president even made fun of me on instagram to drive that point home no cherries with no solution for ireland and future trade ties to recent may isn't a very difficult situation if she gives in to the e.u. breaks a tears will eat her alive if she doesn't there's no deal. scientists have successfully landed an observation device on an asteroid japanese space agency confirmed a landing a short while ago a german french probe named mascot touched down on the asteroid. it was launched on a japanese rocket only four years ago. scott is part of an effort to find clues about the origin of the solar system. just spacecraft journey took three and a half years only making the final approach in recent weeks. finally the critical moment is at hand the mothership drops mask gently towards the asteroid surface mascot's lightweight help ensure it wouldn't be damaged by the impact but it had to land on a flat surface to unpack itself. and get t

e.u. commission has given rome three weeks to rewrite it claiming revisions are needed quote in the interests of italy and donald quarter breaks it down. brussels is sharpening its knife in preparation for a new battle with rome for the first time the e.u. has flat out rejected a member state's budget demanding a resubmission for the first time as a commission is obliged to a. country that it was off budget to be blunt. but we seen no alternative to. it all and to do so it is in. the interest of the whole. the e.u. claims that italy's debt situation is out of control and that salvini is government needs to tighten its purse strings and fulfill its obligations the euro skeptics say it doesn't have anything to do with money since there are other states with bloated budgets that have never felt such a heavy hand from brussels this is the first italian budget the e.u. doesn't like no surprise this is the first italian budget written in rome not in brussels. the italian economy is healthy and this is an economic move that will give italy to stability it needs we won't change one comma in this docu

e.u. single market the problem is she rejects all the other freedoms and that's what the u. commission your calls cherry picking and that's won't fly e.u. council president even made fun of me on instagram to drive that point home no cherries with no solution for ireland and future trade ties so recent may is in a very difficult situation if she gives in to the e.u. the breaks the tears will eat her alive if she doesn't there's no deal. bret's it still means breakfast but not even teresa mayes seems to know whether it will be soft or hard. to the champions league now in munich had to settle for a one one draw at home last night i i guess. it was a dream start for by and with defender heading them in front of just four minutes it was his first goal for the club in almost a year but after twenty two minutes the dutch side tied the score through a new save rally the game ended one one leaving without a win in their last three matches including their bonus league game it's. now if you've ever attended or paid in durance race like marathon you know what a mess they are to clean up especiall

e.u. commission to work with quote and i'm quoting here with even more vigor on a no deal scenario does that mean that they don't expect that a deal can be reached. no i think the they still hope here in brussels that a deal can be done obviously with every day that passes through that deadline and end of march next year the prospects of a no deal become more realistic but look yesterday on the schedule was planning for no deal scenarios and that. point on the schedule but possibly quickly it was a very short summit yesterday so it's not something that serious leaders still seriously looking into the main takeaway yesterday i think jani the president of the european parliament summed it up quite nicely said a series of may's body language looked a bit more positive she didn't add a few a lot more more things but people are still optimistic that a steel can be done to make a sticking point it still seems to be the irish border issue or are there other obstacles. no the irish bar is the key sticking point in this divorce agreement before we can look into a future deal and it is pretty clear he

e.u. commissions. story on of sites to current examples in sofia the construction of a new subway line and the renovation of the pedestrian zone in the in a city i don't want to see goods and there's a break for the period two thousand and seven to twenty twenty one bug area is supposed to acquire some fifteen billion euros. unfortunately we can conclude that a great part of this money is distributed through corruption scheme that prevented this jones here up to dimitar story on off published his findings bulgaria's deputy prime minister thomas love don chipp tass the public prosecutor with investigating these cases of alleged corruption still don't have believes that bulgaria is being treated unfairly. i know that sometimes a blog area comfortably fits into the role of bad boy or bad girl of europe and this is very convenient. receiving you with a new member relatively small bore but this is not fair for you justin. ruslan stefana of from the center for the study of democracy says the government is ju

e.u. commission we've heard that sentence repeated in different variations next days next weeks it seems that the prescription that the different leaders in the go shooters gave themselves for this stage today was to say yes we do think a deal is still possible and we remain optimistic no matter what happens we're going to continue to talk together and to you this brand summit is over for today we just got that information in here so the e.u. twenty seven didn't convene for a very long time they're not really saying anything. will not give a statement tonight austrian chesser had said said so far that true somebody got her chance to express herself once again and she didn't really say anything new that's in line with what the e.p. president said but it seems that the whole atmosphere the tone was much more positive than in the past so you have that at least. yet and i mean look we're going to be able to leave the office just before midnight covering an e.u. summit i think the last time we did that we were maybe what five years younger but it it proves a point this topic has been with us time

e.u. commission to work with even more regular on a no deal scenario does not sound good it doesn't mean that they don't expect that a deal can be reached. but there's still hope that a deal can be reached but for the european union this these are pretty magic negotiations and their interests clear interests involved so when i i heard a number of times in the u.k. oh common sense would say let's say for instance for aviation on economic issues there's interest on both sides but from from the european union perspective it is common sense to protect their interests to protect the integrity of the internal market not to hand out gifts to a member that is intending to leave the club so no there are still positive thinking here but there's also a realistic few on things if the u.k. wants to leave without a deal if they think they're better off with no deal rather than staying in the club then that is the deal they will choose. matus in brussels thank you. let's get a quick check now of some other stories that have been making news around the world and of course though in the meantime we do want to

e.u. commission it's about nothing less than the security of the military union it says that is that that is what italy the third largest economy is putting at risk. the italian government is in a fix it has two point three trillion euros worth of old debt and a credit rating getting closer to junk status and there are expensive plans for upcoming election campaigns. the government wants to borrow even more money two point four percent of the country's g.d.p. too much of brussels the european commission has rejected the proposal for the italian budget. interior minister matteo salvini said he won't remove a single year zero from the budget but the fact remains italian government bonds are among the riskiest with a yield of three and a half percent they sit three point one percent above the secured german bond just repaying the interest could crush italy it's money that the country does not have and the problem might be about to get worse the european central bank wants to hold its bond buying program at the end of december its expansive monetary policy will also likely be cut back from oc

e.u. commission over its plans to increase borrowing the downgrade now will make borrowing even more expensive for. the country's shaky banking sector which is only just recovered from the financial crisis but now italian banks are being blackmailed by the new populist government into financing very expensive election promises. italy's banks are in trouble again and just as they were getting over the last crisis the mountain of debt is shrinking cash reserves were growing and bottom lines were beginning to shine. in march this year italy's top twelve banks had a market capitalization of one hundred thirty billion euros but since dropped a ninety five billion fall of over a quarter and they continue to lose value. part of the reason is the new government in rome and its budget plans the banks are under pressure to buy government bonds as well that brings more money into the treasury if the banks don't cooperate rome is threatening to raise taxes the value of the government bonds no held by italian banks is nearly as high as their own capital reserves risky situation room is also ignoring e.u. b

e.u. commission has said that there must be a full and quick investigation into this killing he described. as a fighter for freedom and a campaigner against corruption she becomes the third journalist to have been killed in the e.u. in the last twelve months last october in malta a car bomb claimed the life of daphne. while in february of this year the chip the slovak journalist a young chick was shot to death. just here in germany where i'm speaking to you from the government of angular merkel has said that they also want to see a quick investigation to bring to light just who was responsible for the slaying of miss madden over as a correspondent in berlin with the latest peter oliver thank you for. the syrian war has been indiscriminate when it comes to wreaking devastation on people's lives but one tragic story about a thirteen year old girl from aleppo does have a happy ending. this is. funny my sister and her two children when i would side to buy some things got caught up into shalini sister her children dying and i was taken to hospital as if it when we heard the blast i told my wife

e.u. commission have been clashing over a number of issues including press freedom what does this verdict now mean for the larger dispute between poland's government and the e.u. . it means of course terry that the heat rises because we also know that there's already an article seven. procedure underway against poland something that procedure that means that the used sees a systematic threat so the route to the rule of law in poland and this is what it's in brussels called the nuclear option because it could in taking away the voting rights of the country in the european council there it's quite away till then but this procedure has been sort of going up and down and around in the council here and didn't different ministerial meetings in brussels and if in fact poland should ignore an actively defied this verdict from luxemburg they really money to have to sort of speed it up and then it's an open fight between virus so in brussels and we don't know where that might end yet barbara thank you so much for now didn't we just barbara basell in brussels. afghanistan's parliamentary elections h

e.u. commission that's how they've been playing it in the past and that they have been very successful just look at the numbers they've got north so the party of material has doubled in its approval rating among italians ever since they have been in government with this strategy but some say this is not the end of the story because if it becomes more and more expensive for the italians to finance their debt the so-called spread is very important in italy in the spread of course as you know ben is the difference between what italy has to pay for its debt or to finance its debt and what germany has to pay for its debt as soon as that starts rising meaning it becomes more and more expensive for at least some think that the government might reconsider its position briefly besides the threats of war does this have the potential to cause another euro crisis. if there is anything bad at the moment to have the potential to cause a euro crisis it probably is the italian problem because of those levels of public debt one hundred thirty one percent in two thousand and seventeen and you tell banks don'