e.u. treaties will really help cure the ailing eurozone. russia markets continue declining on wednesday after a sharp drop on tuesday as both internal and external factors remain on for more in this business r.t. . ten pm wednesday night here in moscow welcome if you just joined us my name is kevin owen you're watching r t in our top story for the past two days now russia seeing dramatically mixed reactions at home and abroad in the aftermath of sunday's parliamentary election both pro and anti government demonstrators have been

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

as britain and hungary say no to any e.u. treaty change and the dream of a united europe appears to be standing on a shaky ground more details from brussels coming up in a few moments. israeli missiles are rained down on the militants but hitting civilians in the most dramatic escalation of violence in the. last three selection protests in russia based on westerns heart skip a beat with a brush uprising r.t. explains why the sentiment comes two decades today. a very warm welcome to you this is r.t. live from moscow the year has been dealt a severe blow at eleventh hour talks in brussels as the u.k. and hungry refused to sign up to new e.u. treaties marathon even talks left the core euro zone states making further agreements while all the european countries join in it to work out budget rules and changes let's get more now from our city he's an absence for us tess of germany and france have been stressing the importance of getting everyone on board at this summit it's not looking great right now so what next. well in view of the lack

his decision to veto an e.u. treaty last week have left him with a painful reminder of the tensions in the own coalition. in the house of commons there was talk of where is playing, talking about the absence of the deputy prime minister. his calls for the safeguards for the financial sector weren't heeded. >> i have to tell the house the choice was a treaty without proper safeguard or no treaty and the right answer was no treaty. >> nevertheless, the prime minister went on to argue that britain was still very much part of europe. >> i am clear it is possible to be a full, committed and influential member of the european union, but to stay out of agreementses that don't pro toket us. >> they said the u.k. has been isolated. >> we will rue the day when this prime minister has left britain alone without alleys. it is bad for business, bad for jobs, bad for britain. >> the last time david cameron appeared in the house of commons, skeptics in his own party told him to show some bulldog spirit. since the summit they have been

e.u. to revise the lisbon treaty the block's effective constitution and rule book london has already warned of a veto if its interests are threatened while hostility towards europe e.u. citizens suffering austerity measures to be banks and reckless governments could mean stiff opposition as well as anger at losing domestic control over national budgets yet another obstacle for france and germany they know they have already lost the battle so we are in a prison of eleven people have taken the wrong decisions from the very beginning. they don't want to admit to the public that they are wrong and that they have been wrong because if they admit this they would have to step down right away the fate of the euro has occupied the headlines for most of the year but i feel your to stem the mounting difficulties puts this summit in a different light the end is nine for good or for bad with most observers saying this crisis is nearing its day of reckoning. is going off r.t. germany. well the new libyan government has set an end of year deadline for former revolutionaries to clear the capital of the all

e.u. mayors are going for treaty outside the e.u., that protection will remain. i would say to those businesses not only do we maintain a single market but will also keep up the pressure to something else they need which is a more fundamental solution to the crisis affecting the eurozone. >> thank you very much, mr. speaker. the uk's 19,000 square miles in area, prime minister seems to think of only one square mile in of importance. can i put to him that his colleague, his colleague, the self-styled pragmatic revolutionary, the deputy prime minister on thursday and friday was heavily supportive of the prime minister? yesterday, condemning the prime minister. does that translate any idea which way he is thinking of? >> on the issue of financial services this is not just one square mile of the 19 to. i think of people working in the financial services industries in carnage to africa banks, buildings, insurance business is right across wales. they need to know that there is fair regulation within the e.u. and they want those safeguards, to. it's not just those indus

a split in europe as britain becomes the odd one out to reject the e.u. treaty changes among all the other twenty six members to get the continent's debt crisis underway so the u.k. will be left out of a path on fiscal union introducing tough budget controls and punishment for overspending nations. israeli airstrikes on gaza massive unemployment in the region drive palestinians to seize opportunities in a war torn levy israel prevents palestinians from crossing the border to find work there. for them brings you up to date here in our team now with the winter upon us artie's moscow our team checks out how to have fun in the freezing cold. she's telling her. family. dynamic. friends but. my couch. hello and welcome on this week's program we'll be taking a look at various activities you can enjoy over the festive period that's right christmas is just a few weeks away and there's a real magical the spirit in moscow over the new year period i want it to start something good all i skating here on red sprite. open for three months until the beginning of march one of th

e.u. treaties and it's sparking fears that brussels could strip away further the sovereignty of member states. so as europe's leaders roll up the sleeves then i'm prepared to slug it out the euro is very survival. from a lawmaker in the blocks chief paymaster german parliamentarian frank schaefer now explains why piling new debts on top of old ones could only ever lead to a collapse. skies over the european economy continuing to darken how real is the threat of the collapse of the euro zone to try to find an answer to this and some other questions now joined by and them off the german parliament from the free democratic party frank schaeffer and mr scheffer thank you very much for joining me and first of all how would you agree that the efforts by merkel and sarkozy to save the eurozone and are heading in the right direction now i know it's a project that's been designed by those at the top of the european union needs the steps that would bolster the market economy and that would be adjusted so that it could fit into the market economy according to the rules of the market economy if you decid

e.u. mayors are going for treaty outside the e.u., that protection will remain.and i would say to those businesses not only do we maintain a single market but will also keep up the pressure to something else they need which is a more fundamental solution to the crisis affecting the eurozone. >> thank you very much, mr. speaker. the uk's 19,000 square miles in area, prime minister seems to think of only one square mile in of importance. can i put to him that his colleague, his colleague, the self-styled pragmatic revolutionary, the deputy prime minister on thursday and friday was heavily supportive of the prime minister? yesterday, condemning the prime minister. does that translate any idea which way he is thinking of? >> on the issue of financial services this is not just one square mile of the 19 to. i think of people working in the financial services industries in carnage to africa banks, buildings, insurance business is right across wales. they need to know that there is fair regulation within the e.u. and they want those safeguards, to. it's not just those in

europe's would britain becomes the odd one out rejecting e.u. treaty changes and forcing all the other twenty six members to come up with a separate debt crisis path. and a last resort israeli airstrikes on gaza an ever increasing tensions in the region drive palestinians to seek opportunities and war torn libya. this is r.t. coming to live from moscow marina josh it's nine am here and up to thirty thousand people are expected in central moscow later in protest at sunday's parliamentary vote well either russian cities throughout the week have seen mass gatherings to the opposition demonstrations have claimed the results of the election were fraudulent you know cross live to respond jacob greece is following the story for us here in moscow so jacob what can you a war going to tell us about his plans demonstrations afternoon. well officially sanctioned for thirty thousand as you mentioned there may be a hard turn out though based on some of the feedback we're getting online fifty from social networking sites now in terms of its make up or slice be an ama

e.u. treaties to bind the nations into a close knit union but it's only taxes and fines. and indeed the financial fallout from the going euro crisis tends to ignore borders is waiting for him to return to business just now with a squeeze felt far beyond europe next on r.t. gets expert insight on what's likely to be a slow drawn out recovery. today i'm talking to cuba who's the managing partner of fusion asset management based in london we are talking as ratings agencies increasingly look at downgrading the debt rating but the entire city of the year is a including financially healthy countries like germany mr lidsky thanks for talking to us today now this is a crucial time for the old europe is pushing for more fiscal unity and meanwhile the u.k. is backing away from it what's the solution do you think i think for the united kingdom would put us in game because. if you see a whole economy develop here when your progeny wind down so many change from twenty five percent to ten percent of the same time financial sector a good move from five percent to ten percent did you do

e.u. treaties over fears his country's national sovereignty and financial sector will be harmed but the rest of the e.u. states will now work towards a path to enforce rigid fiscal budgetary controls and punishment for big spenders the new deal should be ready by march but british pm palmetto things that should set struggling states at a time down to more. i think what will happen is you'll end up with a call your oh i think you'll end up with france germany and the better looks countries maybe. scandinavia but beyond that i think the euro will actually collapse if we were all good europeans what was allowed to happen is for greece and portugal and spain and italy and maybe ireland to fall out altogether devalue their own currencies second president to get their exports moving because that's the only way these countries can prosper outside the prison of the euro merkel is now talking about the treaty being so much but let's be clear if you're going to sign a treaty you need the twenty seven member states to sign up to it no britain has said that it won't that is a legal problem which we've g

e.u. treaties leaving the rest of europe to figure out a different approach marathon overnight talks mean the core eurozone states will now make any further agreements among themselves while other european countries can still join in the work to work out budget rules and changes are to test for a series in brussels for us with the latest. with the decisions that came out what we're going to see is a two speed europe essentially those who are on board the german push for more fiscal integration stricter rules and harsher punishments more supervision and those who aren't now as it stands there are twenty three yeses maybe including sweden hungary and the czech republic you have to check with a problem and get back with an answer and know coming from the u.k. you know that no it's not very surprising because david cameron before getting into the summit had already said that if he doesn't get the guarantees that he needs to protect british interests the sticking point being the financial transactions tax and labor laws then he's going to use his veto to avoid that sweeping e.u. treaty that's

e.u. treaties over fears that his country's national sovereignty and financial sector would be hard for the rest of the e.u. states will now work towards a pact to enforce a rigid fiscal and budgetary controls on punishments for big spenders of the new deal should be ready by march however deputy editor of business insider magazine joe wise and paul says the meeting did not produce any tangible results. we haven't really accomplished a whole lot the germans merkel probably feels pretty good because she hasn't given too much. david cameron maybe you will you know the fact that he rejected the rest of europe might help him politically but it seems like we're still a long way from solving the euro skeptics vision and predictions are basically country the project is not working the keys the idea that all these different economies different peoples could be kind of melded into one and harmonize has not worked out. it may be salvageable though you know you could have. the rich. countries on ongoing basis b.c.b. could step up and do much more and you know you can't write the whole thing off yet bu

e.u. treaties over fears that his country's national sovereignty and financial sector would be hard for the rest of the e.u. states will now work to water power to enforce a rigid fiscal and budgetary controls and punishments for the big spenders or the new deal should be ready by march for more insight on this now let's talk to all of you who is the head of economics at erasmus university in rotterdam. i thank you for coming on the program today so you leaders say they will go ahead with a new tax and a budget pact a despite the veto by britain does it matter that the u.k. is not on board for this. we do apologize i hear and we just lost our connection at the worst possible moment there we were speaking to briefly from the erasmus university in rotterdam we will try to get him back on the line in just a moment here on tape now of the corporate occupy movement that flared up in the u.s. three months ago has spread across the globe in the british capital protesters are growing in numbers while claiming commitment to nonviolence but the authorities may not make the same commitment as artie's

e.u. treaties to create a fiscal union and introduce tougher budget rules however the european council president believes that they could achieve the same goals without altering existing treaties which would need a lengthy ratification process also aside from this the british prime minister warned that he wouldn't agree to anything that could damage the u.k.'s role in europe's marketplace and the united europe body the center right alliance calling itself the european people's party is meeting ahead of the key summit on thursday and friday to try and thrushes its ideas as well well as talk of more of this and gets more perspective in it and go to london there dr leigh rather a very good evening you're with the taxpayers alliance as well as the bridge group campaigning against a centralised europe it's good to have you on the program let's talk about the british prime minister british prime minister david cameron taking his conservative party out of that alliance the european peoples party i just spoke about i think you regret that decision. absolutely not the european peoples party is historical

come in the program europe's financial crisis drags on the british prime minister explains his e.u. treaty e.u. vetoed a parliament as greece goes cap in hand to austerity inspectors and once again. also hope springs eternal ukraine's former prime minister challenges host a seven year sentence for abuse of power at the country's highest appeal court as well amid reports that she's in very bad health. six minutes past the hour here in moscow the race for the presidency in russia has taken a new twist the country's third richest man says he's running for the country's top job in march businessman and profit off ousted from the leadership of the right wing right cause party ahead of the recent parliamentary poll is optimistic about his second attempt in big politics sarah for more on the story. procurer of cool with his decision to join the race for the presidency perhaps the most important of his life now it was an unexpected move from the russian billionaire he made his money in finance and metals it's estimated that he's the third richest man in russia and in the past he's perhaps been bet

e.u. treaties to impose tougher discipline over budgets. that needed british agreement, but the prime minister wanted safeguards in return. the arguments continued until 4:00 in the morning. >> good morning, everyone. sorry for keeping you up quite so long. i said before coming to brussels that if i couldn't get adequate safeguards for britain in a new european treaty, then i wouldn't agree to it. what is in the offer isn't in britain's interests, so i didn't agree to it. >> david cameron wanted to protect the u.k.'s financial services sector, but the french and germans were in no mood to make concessions to the british. >> david cameron asked for something that we thought was unacceptable, to exempt the u.k. from some regulations on financial services. we think a large part of the problem comes from the deregulation of financial services. >> so the idea of change was effectively sunk bay british veto. but before they headed off for two hours sleep, they made it clear that if they couldn't get treaty change, the euro zone countries would go

has veto power so it may use that to stop any e.u. treaty changes what cameron was saying that he doesn't want to see a treaty with it a treaty especially if the interests of the u.k. is not protected and even then anything that is implemented now or that is agreed upon now it will take effect sometime in march next year so that will still be a few months before these changes can actually be seen and as for the changes it's the same as what they've been reiterating coming into this summit stricter rules more punishment for those deficit sinners and if we remember italy and greece are still part of this new accord which means those countries will still be taking more cuts will be still be suffering from the budget the tightening that the e.u. is imposing on them now whether or not this will create stability in the markets whether or not this will google will show a long term solution to the euro that will calm investors for more than twenty four hours that has to be seen in terms of the euro's future really is on the line here whether we like

france and germany are urge aing revision of the e.u. treatyed on these proposals and the focus is now on the outcome of the e.u. summit. >>> let's now check on the markets. sources say investors are hoping that the euro zone will agree on a solution to its debt crisis. on that the dow jones industrial average ended higher for a third day in a row. let's see how things are kicking off here this thursday morning japan. for that we are going to go to ramine who is at the tokyo stock exchange. what can you tell us? >> good morning to you. as you said there, the dow actually reaching its highest levels since october. markets really focused on the e.u. leaders and any words from the summit meeting about how they're going to be tackling euro zone issues. they're going to be meeting, as you said, from thursday and friday, but also there's the european central bank policy meeting later today. that's also going to be a focus. markets are expecting a rate cut there. let's have a look at how the nikkei and the topix are kicking off. let's not forget, the

to reject the e.u. treaty changes among all the other twenty six members to get the crisis underway. will. introduce. israeli airstrikes on gaza massive unemployment in the region. crossing the border. we have rather a noisy documentary coming your way the fascinating day we're now we look at the disturbing harmony between music and warfare from ancient african war dances to modern day guns blasting. taliban hideouts in afghanistan that's now right here on arts. in one homo they actually use music to break prisoners so the idea that my music out a role in that is kind of outrageous. to keep cia the leads that would be easy to interrogate people are things we can. the music was so loud. and it was probably some of the worst talks that they faced . was. all right chris take it from the top we're ready. it's incredible you can go and hearing badge and the haitian. kids you run club or go. well i've always liked music i think most people do actually. music means good luck to me among many other things i love that

e.u. treaties it's sparking fears that brussels could strip away further the sovereignty of member states. next explores the key moments two decades ago this month that led to the ultimate collapse of the soviet union. december the ites nine hundred ninety one is an extraordinary day in russian history twenty years ago a secret meeting took place between boris yeltsin leo need crush took and stanislav just gave each day with the heads of the former soviet republics of russia ukraine and belarus in the final moments of the soviet empire the three announced the state on the world map known as the u.s.'s had ceased to exist. the dense bill of asia forest where belarus borders poland in soviet times people would come here and excursions from all over the us as. a bell a recent t.v. journalist was the only one lucky enough to shoot the moment of signing the documents that entered history as the belle of asia accords we were fairly we were left on the military airfield so i approached a k.g.b. officer and said what do we do to prove look we're missing such an important meeting or like. i said it

e.u. treaties and through all the states still decided the dream of united europe seems to be proving undershirt. israeli missiles rained down on dolls are targeting militants but he's seeing civilians at least one palestinians killed and twenty five wounded mostly women and children attending steps up its assault on hamas. as post-election protests in russia make some western haunts given the types of uprising the sentiment comes to decades to date with many russian speaking those who going back. home music has the power to reach out but it can also have a disturbing and destructive force as we explore next here on aussie. he once told them they actually use music to break prisoners so the idea that my music out a role in that is kind of outrageous. to keep the cia believes that would be easy to interrogate people would think this week in. the music was so loud. and it was probably some of the worst torture that they faced. passed out. on. us all right chris take it from the top we're ready. it's incredible you can go in here in badge and the haitian. kids you run the club or go. well i've alwa

states some of the efforts to save the euro from collapse as britain hungary say no to amend the e.u. treaty the dream of united europe seems to be proving a new show. israeli missiles rained down on getting militants but he's seeing civilians at least one palestinians killed and twenty five who did face the women and children tend to be stepped up its assault on hamas. as a selection process and makes western heart skip a beat all tapes of the uprising the sentiment comes two decades today with many russians feeling as many going back. home seen from the passage to the faithful moscow outtakes of christmas in the capital a short break to stay with us. maundering . historical. frankly. dynamic. to describe. my co. hello and welcome on this week's program we'll be taking a look at various activities you can enjoy over the festive period fright christmas is just a few weeks away and there's a real much less fear in moscow over the new year period i want it to start something good all i skating here i'm at school i. open for three months until the beginning of march one of the best things about

declares extended bank holiday during two thousand and twelve they predict that the december e.u. treaty changes proved insufficient to solve e.u. funding needs particularly those in italy and the e.u. debt crisis returns with a vengeance by mid year in response the stock market finally caves in and drops twenty five percent and short on. i predict that the first country to declare a bank holiday will be the u.k. you predict that absolutely here's a headline from the news in the past week or two which proves that they might actually be correct in predicting that all center on italy exclusive italian banks tap one hundred sixteen billion euros of u.c.b. loans so for the first time ever remember the e.c.b. just issued over four hundred eighty nine billion euros of three year loans this was our first ever for the life of the duration of the loan it's one percent but more than a dozen italian banks including top lenders unicredit and test the sound paolo tapped one hundred sixteen billion euros of that their figure includes forty point four billion euros of state backed bonds which were used

e.u. treaties over fear is this country's national sovereignty and financial sector will be harmed but the rest of the e.u. states will now work towards impact bridget's fiscal and budgetary controls and punishments for the expanders the new deal should be ready by march of british and he called the whole thing you should set struggling states free instead of trying to more tying them to more staring. we have a really complex the whole lot of the germans merkel probably feels pretty good because she hasn't given too much. david cameron maybe you will you know the fact that he's rejected the rest of europe might help him politically but we're still a long way from solving the euro skeptics vision and predictions are basically come true the project does not work. then to corporate office by a movement that flared up in the u.s. three months ago has spread across the globe in the british capital protesters are growing in numbers while claiming commitment to nonviolence but the authorities may not make the same commitment as over ban it now reports. tense dreadlocks even didgeridoos but all th

e.u. fiscal agreement received a mixed reaction at home he's been defending his actions in the house of commons early on monday saying the treaty lacked financial safeguards for the u.k. jungleland the vote the u.k. out of the e.u. campaign supports cameron's decision but has doubts over how the e.u. is going to work with this division in place. i think he was right to stand up to the germans and engage right to stand up to a little but the bottom line is the facts are we are now more isolated than ever we're still be paying fifty one million pounds a day into the but now we have no influence over it whatsoever clearly the british people do not want fiscal review and clearly david cameron went to brussels trying to stop fiscal union and to stop the current of. the destruction of the banking sector he didn't get what he wanted so he decided to walk out of those discussions and some people say he was a bulldog rather than the political but i think now he has to go even further and asked to give the british people and i'm on the subject we want less integration not more integration and certainly now we've got this fiscal union but

political difficulties that are causing problems one of the details of the proposed changes to e.u. treaty is a sanctions intended to discipline any nation that fails to comply with brussels economic well but british and i p godfrey bloom says it's simply too late for punishment and that those who broke the rules first half god no way scot free. the first people to break the rules i think was in two thousand and three with the french and the germans by breaking the maastricht treaty sixty percent of g.d.p. rule so they've been breaking the rules everybody's be breaking the rules they continue to break the rules so the whole thing is a complete shambles and they tried to strap sell a tape all over it but it's not working the thing is we are now what we're seeing the end game. if the euro had been a hole so they would have shot it on the professional economists i've been thirty five years of professional economists this isn't about politics this is be about economics and i've never known it in the history of the world politics be think a moment ics water doesn't flow uphill lesson on the sho

and germany must join their efforts to guarantee europe's future he said they would seek a new e.u. treaty to impose greater financial discipline as clearly this week the e.u. monetary affairs chief warned that the eurozone has just ten days to stabilize the single currency and stem the crisis but head of economics at erasmus university in rotterdam what are your clamor things there simply is not enough time in the eurozone should always just cut its losses secrets to realise these kind of treaty adjustments rule three. years because all parliaments have to prove. it so those who are now sort of be on time to address this crisis it's. taking its losses and trying to sort of reconfigure the trying for the first. sort of recover from this i think disastrous experiments not i think the real promise is with your view leadership in the night each starting with an experiment many economists thought a good time there was one uncalled for were very risky and they were taking the risk of starting a monetary union reserve a strong glue you need not only try to restore the mystique. and you can stren

brussels with penalties for countries which break the rules the move would require changes to the e.u. treaty. bruges group warns that creating a fiscal union would put an end to democracy within the e.u. . if there is a fiscal union which will take years to build in the u. that will mean that there will be the end of democracy within europe it will mean that countries will be effectively governed by the european central bank and germany cannot make thinking and the interests of a very few. european elite based in brussels it's really dangerous i think to centralize power the euro has created a great deal of economic problems get thrown and it going to have you know cap more problems on to that by creating a fiscal union which will mean that government's tax and spend policy will in a sense would be wrong form brussels and frankfurt that is a new deeply undemocratic and further trouble in the future with the problems are with the euro and they really do need to recognise that the euro should be broken up into more manageable parts and countries have control over their own economic policies ag

split in europe as britain becomes the odd one out to reject the e.u. treaty changes among all the other twenty six members to get the continent's death crisis underway so the u.k. will be left out of the past on fiscal union and reducing tough budget controls and punishment for overspending. israeli airstrikes on gaza massive unemployment in the region drive palestinians to seek opportunities in the war torn libya israel prevents palestinians from crossing the border find work there. well joining me and about thirty minutes time for more updates on those stories next though our interview show spotlight with al green off talking to a career foreign service officer and former u.s. ambassador to the u.s.s.r. jeff matlock. hello again or welcome to spotlight. on artsy i am now going up and get my guests on the show today jack markell it's been twenty years since one of the two superpowers disappeared from the world the soviet union collapsed into fifteen sovereign states starting a new era in global politics the cold war may have ended but russia u.s. relations w