e.u. commission is expected to pursue disciplinary measures against italy that could mean punitive fines and the freezing of e.u. funds measures that would soon be felt by italy's citizens. well for more i welcome to the studio mark as well he's a senior economist at the university of sound welcome to the studio mark has the word from brussels is still out what do you expect will happen well any other than decisive action against the budget proposal would be surprising and it would be wrong both politically and economically also well politically you cannot allow a country to to actually do things against what they agreed beforehand the older government and economically few seats one thirty five one thirty two percent of g.d.p. to debt ratio up thirty percent over the last ten years in this new production has just been back on the level of ten years ago so it really has this been the money in norway and that needs to be corrected and take over the political year for a second. italy says for example that france has that much more leeway when its budget was under scrutiny do they have a point w

e.u. measures that continue to apply to quote to the u.k. in respect of northern ireland runs to sixty eight pages of the agreement this affects be eighty decorations and rules of origin checks and it's clear the prime minister's red line regarding the jurisdiction of the european court of justice has also been torn up by twenty twenty one under the prime minister's plan we will either be in a backstop or still in transition where we'll continue to contribute to the east e.u. budget and follow the rules overseen by the in. c.j. it is utterly farfetched for the prime minister say this plan means we take control over our laws money and borders. after two years of negotiation all the government has really agreed is a vague seven page outline of political decorations which looks like a substantial dilution of the prime minister's previously declared negotiating priorities there is only the scantiest mention of workers' rights consumers rights all environmental protection no determination to achieve frictionless trade or even trade as frictionles

e.u. measures that continue to apply, quote, to the u.k. in respect of northern ireland, runs to 68 pages of the agreement. this effects v.a.t. declarations and rules of origin checks. and it's clear, the prime minister's red line regarding the jurisdiction of the european court of justice has also been torn up. by 2021, under the prime minister's plan, which wwe will either be in a back -- we will either be in a backstop or still in transition where we'll continue to contribute to the e.u. budget and follow the rules overseen by the e.c.j. it is utterly far-fetched for the prime minister to say this plan means we take control over our laws, money and borders. after two years of negotiation, all the government has really agreed is a vague seven-page outline of political declarations. which looks like a substantial delusion of the prime minister's previously declared negotiating priorities. there is only the scantest mention of workers' rights, consumers' rights, or environmental protections. no determination to achieve frictionless trade or

e.u. described china's measures as regrettable bustles isn't filing to support companies doing business with iran we remain committed to implementing the joint comprehensive plan of action as a matter of respecting international agreements and of our shared international security and expect to run to play a constructive role in this regard i don't agree with those who say that the americans are have it we're having trouble telling our allies what to do i see no evidence of that so far they complain but then do what they're told we have a saying here in america talk is cheap they complain but in the end of they do what they're told i hope it is different this time i hope they look at these actions and say that their own security may be at stake and they need to summon the courage and the independence to look out for their own interests and not simply submit to the dictates of washington. and it's not just iran feeling the pressure from the us restrictions fashion sanctions have been announced by america's notch national security advisor against cuba and venezuela done bolton said the two lati

reintroduced the measures today after pulling out of the iran nuclear deal back in may the e.u. says it regrets the reintroduction of the measures will affect all areas of the iranian economy including the oil and financial sectors. iranian markets like this are where economic reality rubs up against real lives the mere threat of sanctions has seen food prices here double in just a year shuttered store fronts speak to the hardship. is directed closer to home. because these disasters are inflicted on the people by our government and the thousand trumps can't do anything to us. the effects are felt beyond the bazaar with iran's oil and finance sectors major international companies are withdrawing from tehran at this advertisement business they have had to sack several stuff. that's really heartbreaking it's heartbreaking for the people that we talk to to say that look i'm so sorry there is no business and therefore if there's no business i cannot give you a job they've studied they're excited about what they want to do in the future. no hope is being taken away from them the man be

e.u. you know saying that it would do everything it can to keep doing business with every the measures at stake and many major european businesses have pulled out of iran since the u.s. pulled out of the nuclear deal so despite those measures is the cost of doing business in iran still too high for most companies the big companies that really matter. it depends on the particular company i think you are right that companies like the big for enjoy the company which had major investment plan and they redrew many months ago and off we should announce because of the u.s. pressure but there are a smaller companies and the european commission through these special purpose ridicule is thing that the european companies should not fear the u.s. pressure but of course those with businesses companies with businesses in the u.s. take on the positive side between iran and the u.s. they choose the u.s. but there are smaller companies so i think we have to accept that this will have an impact on limiting iranian crude or exports this time but not as it was last time particularly because of the reasons th

already huge debt now worms facing possibly disciplinary measures from brussels that could involve billions in penalties. as tensions between the e.u. and italy rise so just the cost of italian borrowing investors in other words want more for their money it's no longer a surprise it's in these borrowing costs its bond yields have first and steadily since its populist government was elected investors respond badly to uncertainty and growing has provided plenty trashing the euro currency and dismissing the country's massive pile of debt the new budget seems just as i'm concerned about it more than trickles deficit spending from the previous government's plan the e.u. says its growth projections are too optimistic credit rating agencies have weighted in lowering ratings and outlooks the gap between italian and german borrowing costs which is one measure of investor confidence continues to widen the cherone based hume foundation says government and corporate bonds and italian stock exchange losses have totaled more than one hundred seventy five billion euros since the government took office in may this process is going to have a very b

already huge deadlock now rome is facing possible disciplinary measures from brussels that could involve billions and. as tensions between the e.u. and italy rise so just the cost of italian borrowing investors in other words want more for their money it's no longer a surprise italy's borrowing costs its bond yields for first unsteadily since its populist government was elected investors respond badly to uncertainty and growth has provided plenty trashing the year right currency and dismissing the country's massive pile of debt the new budget seems just as i'm concerned about debt it more than triples deficit spending from the previous government's plan the e.u. says its growth projections are too optimistic credit rating agencies have weighted in lowering ratings and outlooks the gap between italian and german borrowing costs which is one measure of investor confidence continues to widen. the charin based human foundation says government and corporate bonds and italian stock exchange losses have totaled more than one hundred seventy five billion euro since the government took office in may this process is going to have a very b

e.u. commission i would be very surprised i would be very surprised if they did not take extreme measures including fines to the billions at the end of the road though and this is where the second part of the question comes and finance ministers in the e.u. have to nod off the session by the commission. as the political leaders in the e.u. and it's probably unlikely that they would sign off on fines especially as other governments like the germans or the french have been spared and in situations not quite comparable but a little bit like what the italians are facing analysis that from a financial correspondent one of the spots a front foot stock exchange thanks will. u.s. president stunnel chomp is ramping up the pressure on american conjoint general marches off to g.m. announced plans to axe of fourteen thousand u.s. jobs trump took to twitter to threaten to cut government aid for the comic meanwhile g.m. is sticking to its guns saying the cuts in necessary to ensure the company's long term growth. factories like this one in lordstown ohio were part of donald trump's plan to revive americ

e.u. e.t.s. market prices on a leading measure of carbon pollution prices fell more than five percent on the news. and last time we told you about the chairman of nissan motor company carlos goan being arrested related to financial crimes and being pushed out as chairman of the company nissan auditors found evidence of efforts by mr going to mislead his colleagues at nissan for many years but there's more to the story here discusses lauren fix the car coach lauren welcome this is a pretty wild story what do you know it is well you know it's very interesting suddenly out of the blue a guy who runs three car companies not one but three he runs reno he's a partnership with mitsubishi and nissan here in the u.s. i think there's a lot more than meets the eye if this guy carlos ghosn who i've met many times was actually stealing money or they're saying that wasn't that they're saying that he didn't offer his proper salary he doesn't do that himself the accountants notify the salary of each executives it goes to the f.c.c. it goes to all the different stock markets so that would be on the financial inst

e.u. member states are illegal. the un security council has unanimously voted to lift sanctions against eritrea amid a falling in relations in the region the measures which included an arms embargo asset freezes and travel bans were imposed in two thousand and nine after the country was accused of supporting armed groups in somalia ethiopia which recently signed a landmark peace deal with its neighbor has welcomed the move. she says it's pulling thousands of its doctors currently working in brazil on a public health program out of the country of annan says the decision came in response to president elect job also not all's comments he has questioned their training and demanded changes to their pay. well thousands of firefighters and some from as far away as texas are battling wildfires in the north and south of california authorities say that they are starting to gain the upper hand but the threat is far from over fifty people have been killed in the

wants to put in place its spending measures and tax cuts it believes that the only way to deal with the death what sort of penalties are we talking about from the e.u. side i mean could they really hurt italy. well at the moment this very first step that we saw happen today with this measure really is the first step in terms of disciplinary action now what happens next is that the deputy finance business ministers within the e.u. will have to see whether they agree with these recommendations put forward by the commission they have the next two weeks to do that and then eventually in january the finance ministers themselves what to see how they will go forward in terms of these recommendations so sometime in january we can expect at the rate things are going that the commission will make those recommendations and also put in place a deadline of some three to six months for italy to decide whether they will comply with this in the event that italy does not comply that's when the sanctions come into place and that can include a fine of some zero point two percent of the g.d.p. and that's a massive figure for italy and something which are they will def

might retaliate still others want the measures approved by the end of the year and italy has said it will simply go ahead with its own digital tax if there's no e.u. agreement. the digital tax is a fraught issue in europe for taxing high tech firms like google facebook and amazon could help governments raise money some countries fear they could lose out especially if washington to tell us. of course there will be a reaction from united states which kind of reaction i do not know and of course we should decide for ourselves but we sure do think early on whether it is a good idea or not denmark says the u.s. retaliation could potentially offset the benefits of a tax ireland fears it could become less competitive the irish capital dublin is home to the european headquarters of several u.s. tech firms in germany the eel's biggest market is hoping for a broad agreement between e.u. member states by summer twenty twenty france on the other hand it's a term and to push through a proposal for an eagle like tax this year. when there is a will there reason the way. and there is a we've come from time for many countries to. call it direct t.v. . shows and t

e.u. base close to home that the underlying so i mean all those measures taking a toll that will cost money what about the full in the value of sterling as well i mean that would be affecting them to a yeah well that's something that's already noticeable so obviously all the stuff i'm talking about is hypothetical but the thought of starting israel has already happened and when you have two different currency regimes just across the border from each other people are not going to be spending money in a different jurisdiction and it's obviously a lot more expensive for them to do so so a lot of the business owners i spoke to in the republic of ireland side of the border have said they've already noticed quite a decrease in the amount of northern ca. they're getting particularly again in just normal shopping towns and stuff along the border personally is this something that frustrates you the whole briggs it issue and the fact that it's affecting where you come from and the potential of the region it does frustrate me immensely and that's common across the board amongst people throughout irela

rome has put forward a rule busting spending and tax cut plan the expansionary measures designed to grow the economy but the e.u. says the proposal is an expensive miscalculation it's the first time that a member state's budget has been rejected by the block the italians now have until november thirteenth to resubmit. the father of the world wide web says the internet is broken but that he has a plan to fix it speaking at the website. tech conference in lisbon this week tim berners lee said that there's been a big change in the web since he invented it nearly thirty years ago his foundation has released a new contract for the web with guidelines for companies governments and individuals to protect an open web the contacts will be published in may next year at a moment when half the world's population is expected to be online now it's been described as the greenest country on the planet three quarters of bhutan is covered by thick forests to rare wildlife but as the country continues to develop it's struggling to find new ways to balance economic growth with the protection of the environment and a serious need b

rome has put forward a rule busting spending and tax cut plan the expansionary measures designed to grow the economy but the e.u. says the proposal is an expensive miscalculation it's the first time that a member state's budget has been rejected by the block the italians now have until november thirteenth to resubmit the founder of the world wide web says the internet is broken but that he has a plan to fix it speaking at the web summit tech conference in lisbon this week tim berners lee said that there's been a big change in the web since he invented it nearly thirty years ago his foundation has released a new contract for the web with guidelines for companies governments and individuals to protect an open web the contacts will be published in may next year at a moment when half the world's population is expected to be online now it's been described as the greenest country on the planet three quarters of butan is covered by thick forest home to rare wildlife but as the country continues to develop it's struggling to find new ways to balance economic growth with the protection of the environment and a serious n

rome has put forward a rule busting spending and tax cut plan the expansionary measures designed to grow the economy but the e.u. says the proposal is an expensive miscalculation it's the first time that a member state's budget has been rejected by the block the italians now have until november thirteenth to resubmit. the founder of the world wide web says the internet is broken but that he has a plan to fix it speaking at the web summit tech conference in lisbon this week tim berners lee said that there's been a big change in the web since he invented it nearly thirty years ago his foundation has released a new contract for the web with guidelines for companies governments and individuals to protect an open web the contracts will be published in may next year at a moment when half the world's population is expected to be online now it's been described as the greenest country on the planet three quarters of bhutan is covered by thick forests to rare wildlife but as the country continues to develop it's struggling to find new ways to balance economic growth with the protection of the environment and a serious ne

greece from twenty ten onwards as the financial crisis spread but the austerity measures imposed on the greeks increased anti e.u. hostility in many countries then as russia asserted itself on the world stage notably by sending troops to help separatists in ukraine and onyx in crimea in twenty four t.n. merkel was blunt. nothing justifies excuses the annexation of crimea by russia. when in twenty fifteen merkel unexpectedly allowed hundreds of thousands of migrants to settle in germany even as some countries were moving to keep them out the rest of the e.u. applauded her gesture then refused to do likewise and so in three short years her all thought he's been chipped away as the anti immigrant a.f.d. party gain support a ruling coalition with the center left s.p.d. has never been more unpopular leaving merkel even less invested in e.u. reforms which french president emmanuel mcclung has floated i think for the time being she's trying to avoid any other crisis and maybe pave the way for someone to succeed who would then maybe with mark or together can get to the next stage but i don't see her actually being the o

rome has put forward a rule busting spending and tax cut plan the expansionary measures designed to grow the economy but the e.u. says the proposal is an expensive miscalculation it's the first time that a member state's budget has been rejected by the block the italians now have until november thirteenth to resubmit. the founder of the world wide web says the internet is broken but that he has a plan to fix it speaking at the web summit.

does remain a key partner but that relationship should be quote re measured and realigned how do you see the future of e.u. and u.s. relations. well as much as the german foreign minister may like to review and realign e.u. policy with us the fact is they can't without a major disruption now that made that disruption maybe down the road in a may have nothing to do with what the german foreign minister thinks merkel is essentially the merkel era is over she'll be a figurehead leader of germany but she sees she hears the footsteps behind her of more radical parties more populist parties of a new way of looking at things that is where any reassessment of relationship with the u.s. may come let's not forget as you mention in an earlier report for the first time ever the pen has out measured. in the polls in france so there is a shift underfoot a shift may come that may actually shift things but it won't be among the parties that we see now in charge in europe it's always a pleasure to get your analysis of the current affairs taking place my guest daniel mcadams executive director of the ron paul institute tha

believe that there is no alternative to the means agreements of measures though certainly there are some differences of opinion between the e.u. . russia. what it comes to the exact ways to achieve the final goal settling the crisis but i believe that the dialogue we've had today is key to allowing us to find the right way to fully implement the minsk agreements which were approved by the security council of united nations and thank you for your time listing their the russian foreign minister sergei lavrov speaking live in rome he was holding a press conference with the italian counterpart talked about a whole range of things to significantly that he talks about the libyan crisis the syrian crisis ukraine situation and said he underlined again didn't he just there there's no water initiative to the minsk agreement so just a selection of the things they've been talking about this afternoon that's how things are looking here and r.t. to the moment i think we have got time now have we for one more bit of information for you because german chancellor angela merkel has defended a controversial new any green. migration accusing its

e.u. base close to home that the underlying so i mean all those measures start taking a toll that will cost money what about the full in the value of sterling as well i mean that would be affecting them so you would get yeah well that's something that's already noticeable so obviously all the stuff i'm talking about is hypothetical but the thought of starting israel has already happened and when you have two different currency regimes just across the border from each other people are not going to be spending money in a different jurisdiction and it's a lot more expensive for them to do so so a lot of the business owners i spoke to and republic of ireland side of the border have said they've already noticed quite a decrease in the amount of nor them. they're getting particularly again and just normal shopping towns and stuff along the border personally is this something that frustrates you the whole brigs of issue and the fact that it's affecting way you come from and the potential of the region it does frustrate me immensely and that's common across the board amongst people throughout irela

measures will begin on monday u.k. russia france china germany and the e.u. have all condemned the move. and blasphemy protests in pakistan have been called off after an agreement between the government and conservative muslim groups that began on wednesday when the supreme court overturned the death sentence of a christian woman accused of insulting islam. now the saudi erotic coalition has launched new offensives in yemen it's begun an operation to retake the port city of her data which is out of the control of who the rebels the coalition sent in thousands of troops to the area this week and on friday it also attacked some international airport and and an adjoining air base the u.s. and u.n. have called on both sides to stop the fighting and begin talks to end the war well the u.n. is again warning of a humanitarian crisis in yemen sekret general antonio good tedder said a cease fire must be reached and that there are glimmers of hope that a political solution is possible if the u.n. and our partners are already feeding eight million people in yemen we don't urge infection up to fourt

rome has put forward a rule busting spending and tax cut plan the expansionary measures designed to grow the economy but the e.u. says the proposal is an expensive miscalculation it's the first time that a member state's budget has been rejected by the block the italians now have until november thirteenth to resubmit the founder of the world wide web says the internet is broken but that he has a plan to fix it speaking at the web summit tech conference in lisbon this week tim berners lee said that there's been a big change in the web since he invented it nearly thirty years ago his foundation has released a new contract for the web with guidelines for companies governments and individuals to protect an open web the contacts will be published in may next year at a moment when whole of the world's population is expected to be online. that's been described as the greenest country on the planet three quarters of butan is covered by thick forests to rare wildlife but as the country continues to develop it's struggling to find new ways to balance economic growth with the protection of the environment needs barco repo