the eu started as an economic union to help member states secure access to coal and steel. many leading politicians hoped common economic interests would ensure peace on the war-torn continent. >> if you look at european history with its battles and civil wars and millions dead, then the eu is an incredible achievement and it is important to preserve this achievement for the future. >> the fall of the berlin wall helped unite europe even more. 10 former east bloc countries had already joined the eu, not only in the hope of greater prosperity. ideals like democracy and human rights have also played a part. the euro made the union tangible to many europeans, even if some see it as a youth -- as a symbol of the eu's identity crisis. >> i would not claim that the european union is perfect in any way. but in my opinion, it is the best development in the world since the end of the second world war. >> students at the european school -- at this european school view it as a challenge for the younger generation to guard the european union. >> maybe when the students become politicia

economic space we will have this same in the regime that we have to do to. facilitate a regime for crossing our borders and staying within the customs union only common economic peace here in the it is very important issue for social institutions to play a role and i think national autonomy is good just really good we should provide grants for programming that's the mana social adaptation we get from the mining green stuff we tell you and this has proved it here effective practice and in some countries also we're speaking government to provide the music and other proposals on this distance learning for russian language because we're young people from other countries of the world it is important to support the schools in the c.a.'s in other countries to teach in russian but i just wanted to be supporting the teachers providing them with educational materials. we need to. brush language contests with international conference and there we should be able to enrol in. colleges in russia very. comparable to the colleagues those who work in this area. of high quality education and in russian language. should be at peace with i see russia should have. international.

hundred of the biggest banks in the region now the deal is seen as a step towards a fiscal and economic union earlier i spoke to mike ingram from b.d.c. partners and he believes it will be a long process. at the moment we don't know what metrics that the e.c.b. will actually apply to the banks but eventually fall under its supervision deadline for that now is pushed out to march two thousand and fourteen what's going to happen over the next few months and this is a tentative deadline of february next year is that european banking forty is going to be a zing with local regulators to try and. achieve a degree of harmonization across not just the year but of course the union so this is actually could be quite a long drawn out process but yes i think it is it is a step in the right direction i think with the euro zone it's always about baby steps but it should to some extent reassure markets that you know financial stability for the stability the banking sector is still very much the top the agenda of the euro zone. march twenty fourth enough the deadline for entries but nothing's a long while aw

they wanted -- [inaudible] monetary union without the economic union. doesn't work.so the proposals are out there, and i think they basically want to move towards more economic union. a lot of debate, a lot of reluctance. i think they're going to do in the end but this is something you can do overnight. but the fact they're willing to look at is absolutely crucially important. >> part of the reason that china lengths to us, the rest of the world lends to us, is that historically we have shown fiscal discipline. so, you know, as soon as we waiver, that's when the problem will emerge. so i just come back and say we need to make sure that we have long-term fiscal discipline, otherwise at some point the chinese are going to say why are we holding these green pieces of paper for a long time? not green, because it's electronic, ma but still, what are we holding them for? i say you still are benefiting from the 1980s and 1990s when we should monetary discipline and fiscal discipline. that is not a bank that you can continue to go to without fiscal discipline. >> a very larg

and they wanted to make the union -- without the economic union. it doesn't work. so, the proposals are out there and i think they basically want to move toward more economic union and the cost to do that takes a change in a lot of debate and there will be a lot of reluctance. you know this is something you can do overnight. but the fact they are willing to look at that is absolutely crucially important. >> part of the reason that china lent to us than the rest of the world landstuhl as that we have shown fiscal discipline. so, you know, as soon as we waiver, that is when the problem will emerge. so i just come back and say, we need to make sure that we have long-term fiscal discipline. otherwise at some point the chinese are going to say, why are we holding this piece of paper bore them? it looks at electronic but still what are we holding them for? the 1980s in the 1990s we showed monetary discipline and fiscal discipline. that is not a bank that you can continue to go to without fiscal discipline. a very large factor is -- this plan and you know, it shouldn't be

visit free region between russia and europe in union we believe it is important to the visa facilitation agreement to be concluded. i would trigger the economic ties are also very strong european union is russia's number one trading partner with our bilateral trade amounting to tree and eight billion euros in two thousand and eleven european union is also the source of seventy five percent of all foreign direct investment in russia and europe is also a key and very attractive market for russian exports notably energy products and commodities. so we are already doing very well and we are convinced that by hope holding double purulent commitments and by embracing open trade russia will increase trade volumes and become even more competitive and prosperous this is also of course what we are aiming we believe this relationship can benefit both sides russia is also an important provider a very important provider indeed of energy resources to europe we are keen on our energy dialogue and we want to continue strengthens our cooperation the field notably through the new agreement it is true that some differences remain regarding some aspects of energ

union that's exactly what these bills do. this is not about helping the state in tough economic times. it is about destroying the unions. this is what president obama rightly said in detroit yesterday. >> obama: these so-called right-to-work laws they don't have to do with economics. they have everything to do with politics. it is giving you the right to work for less money. >> eliot: this is how governor snyder mischaracterized it. >> we'll get more and better jobs coming to michigan because we'll be more competitive. this is about being pro workers giving the workers a choice. it could be a positive for unions during the longer term. >> eliot: is this truly going to be a positive for unions then why were the police and firefighters exempted from the bill? my guess governor snyder wanted to keep the few unions that seemed to support him away from this bill. joining me now is michigan state representative and minority leader and former u.s. congressman from michigan mark shower who served in the michigan state legislature for 12 years. thank you both for joining us. >> you're welcome. >> my pleasure. >> eliot: mark, let

union and its workers. why? this is not about economic development. unions account for only about 20% of the workforce in michigan. michigan's new right-to-work law isn't going to affect economic development in a positive way whatsoever. and there is a road map to prove that. look at states around the country that are right to work. union membership has declined in this country, and that's what they want. so has middle class incomes. you see that? that graph right there starts back in 1967. and it goes all the way to 2011. and as union membership has gone down, so has middle class income. so if anything, michigan's new right-to-work law will hurt economic development. governor snyder also says the law was all about the workers. really? he is concerned about the workers. that too is a lie. all the unions are saying is this, if you are going to be a union member, you are going to be expected to pay dues. you know, you're going to be not required to be a part of the union. that's another thing that is out there. they're saying well, gosh, you have to join

it's about what's good for the country what's good for economic growth and in terms of economic growth the unions have been a parasite that have cost more than they've benefited and that's the precisely the reason this is why you have what you call moochers people who sit there and say it's not benefiting me i don't want to contribute to it no it is benefiting me i don't want to contribute as a c.e.o. making four hundred times more than his worker makes good for the economy good for america that's called freedom because people get to decide what it is that they want to have homeowners there are a lot of their workers have a there that say how about a rule that says you must pay your c.e.o. four hundred times this is what unions want to get in the business of doing dictating those kinds of terms while they actually what it's called it's called negotiating those kinds of terms and you're right the unions are democracies in the workplace and they're people saying you know we would like to have some say in how this workplace is run and what's wrong with that i mean are there are you would add liberta

opt out of the european union are politically while staying very closely integrated economically it's not part of this government policy it walked out of the european union we're not a member of the european of the euro zone that's clear and we believe we have a good and sound reason for not being a member of the euro zone we are of course affected by what happens in the euro zone because something like forty five our exports over forty five percent of our exports go to the euro zone but the european union as a whole is a large single market and we believe there are many benefits from it and yet david cameron is rejecting the so-called e.u. fiscal pact what's going to be the consequence. so that rejection how do you see that develop all the physical part has to do with the euro zone and we're not a member of the euro zone and i do not intend to become a member of the euro zone so i think it's important to distinguish between what needs to be done by the eurozone members to stabilize the euro zone and find its way through some of its difficulties and the wider objectives of the europea

bill: if you don't get those union dues it's about union economics, because the union is weaker then,is it is an effort to destroy unions in michigan. there is no doubt about it. the outside interest and people in michigan are sick and tired of billionaires coming into michigan spending millions of dollars trying to influence public policy. the coch brothers, dig devass from the grand rapids area are behind the effort to destroy unions in the state. it's going to drive the economics completely down in the state where working people in this state are harmed. bill: i grew up in ohio. i love your state, you have a wonderful state. i know you love your state and people. doesn't it hurt you when you see people setting up shops in indiana and not michigan. >> it hurts me when i see employers driving down wages in this state and causing people to have to pick up a second job just to support their families and keep a roof over their heads and send their kids to school. bill: but doesn't it bring back -- >> well, bill, there is no substantive evidence that lower wages and those jobs coming in

does not follow that the people of scotland want to be totally isolated from the european union i think the economic realities that we live under forced us to live together and cooperate because i know for sure that i mean our major competitor i always focus on america i don't think america is satisfied with the united europe and i mean i think the various lessons we've learned over the last number of years would suggest that america in many ways undermines the idea of united europe because a united europe potentially a number of years will be a stronger economic unit than the united states when we'll see what you think about that because the outlook isn't good the economic reality you're going to raise from here i know a lot of them is their borders of europe they are throughout the world i mean you have recessions internationally so i don't think we should focus on the situation in europe and say oh it's all doom and gloom i'm actually very very hopeful of a bright future a strong economic europe. ok we're going to greenwood on that one there i'd gentleman we're going to go to a story go to a shor

european union trade with other businesses individuals on the continent will always continue whether we're in the e.u. or whether we're out of the a you were a member of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs really would be a lot better off the konami care than it is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer because whatever it is our union if the u.k. were to fully pull out what would it do in this very difficult time this crisis. well the trade links will always continue will always be buying german cars or french wine and french cheese and and we'll be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will cease or we can drastically reduce that we may want to contribute to some i.m.f.

unions. >> an analysis by the detroit free press says neither side is supported by economic data. an's unions have failed to deliver higher wages or job security. now it's 36th. the 6th worst in the country. paper says most employers are looking for the the cheapest ones. and michigan is 36th out of president obama visited his perspective: these so-called right to work laws, they don't have to do with economics, they have everything to do with michigan's right to work laws were approved without any committee hearings or other public input. they apply to public and well as private sector workers. the exceptions are police and firefighters. >> there is one injured. that was transported, there are two fatalities. >> how are you continuing the inside investigation? >> there are 100 officers. they are carefully searching the mall for anybody else that could be injured. we will certainly search this entire mall. until everybody has been determined. we have already determined. when was this shooter neutralized? did you kill him? >> i do not have the specific time. we started receiving cal

going to have uch more on the president's opposition o pro-worker laws and the rising economic power not only of unionsbut of china in our economy. we'll be taking that u with the a-team here tonight. stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just mom

going to have uch more on the president's opposition o pro-worker laws and the rising economic power not only of unionsbut of china in our economy. we'll be taking that up with the a-team here tonight. stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size of our bloated government? the answer in tonight's chalk talk. >>> is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping t

. >> right to work states have a much better economic record the those divorces union.lass airliners private sector job growth is being created. >> it is a sneak attack they tried to get this done but i the line. the governor was right when he said it is not appropriate. neil: think you both for your time. getting the nobel peace prize and what is the fuss? isn't this a preview? for many, nexium helps relieve heartburn symptoms causedby aci. osteoporosis-related bone fractures and low magnesium levels haveeen seen with nexium. possible side effects include and headache, diarrhea,s haveanabdominal pain.ium. other serious stomach conditions may still exist. talk to your doctor about xium. narch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. becse only nationalets you choose any car in the aisle... and go. you can even take a full-size or ave, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. neil: have time. find me a politic

of the a you remember the european economic area britain has global trading links we don't really need to be bound by brussels and the institutions of european union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if it were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. coming up in a few minutes and spittles cross-talk discussing this statehood aspirations of the kurds in syria turkey iraq. if. it's fifty feet it's a shift. to meet. folks. wealthy british style aside it's a spot on the telephone. markets why not come to find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune in to kaiser report on our. russia would be so much brighter if you knew more about song from funniest impression it's so. nice clean stocked totty dot com. and you can. start. to. flow in welcome across time peter lavelle the kurds would seem like a fantasy only two years ago could become a r

of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. he says make a shift in the geography of the middle east is now on the horizon what they're discussing next on the future of an independent kurdish state. fifty feet it's. easy to. see. wealthy british style scientists are not on the tireless. market why not. find out what's really happening to the global economy with much cause or there are no holds barred look at the global financial headlines tune in to kaiser report on our cheap place. the show would be so much brighter if you knew about songs from fines to pressure. to start on t.v. don't come. on. below and welcome across time to tell the kurds would seem like a fantasy only two years ago could become a reality very soon

than a thought would be unique and usually when you see many positive examples the customs union the company economics you base all these things are already working effectively that. the sun rises over what's fair and where. your colleagues your citizens are a shift which we aimed at doubling comes with your precious g.d.p. and by the end of the year two thousand and eight we came very close to that benchmark when it is the global financial crisis when. you go by the time of the global global crisis we had managed to increase russia's g.d.p. by some eighty eighty five percent in the crisis. plans and but we still we actually had the commiserated with the. reality of russia's economy to develop into a goalie and we have managed to preserve our potential for growth in outline which was new prospects for selves starting over with them from ninety ninety nine to russia's g.d.p. per capita has doubled to be by today where you can still if you don't know a bit of the meanings of the federal. budget what have increased. to. sixty five times. the deficit or the budget went down almost a hundred times in a bun

of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of ukraine union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if it were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. and listens capital account is up next. well. science technology innovation all the list i'm elements from around russia we've got the future are covered. download the official up location to cell phones choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch on t.v. all you need is your mobile device to watch r.t. any time of the. wealthy british style stock. market why not scandal if find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into kinds a report. if . russia would be soon which brightened if you knew about someone from funniest impres

of the you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. brief look at other news from around the globe now the death toll from time food which is currently battering the philippines has climbed to over one hundred turns up thousands have have fled their homes as the elements rolled across southern and central areas into entire province as rescue teams are working in areas but it's fears the number of casualties will rise even more the storm is expected to move into the south china sea on state. one person is reported to have been killed and twenty wounded during violence amid a journo strike across that police used tear gas and reportedly fired live rounds at the outraged crowds about fifty protesters are believed to have been arres

of the a you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we are big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. and if him and it's also his breaking the set turns to the volatile middle east as a bring you a complex of of you all the latest developments in syria palestine and israel. wealthy british style it's an estimate on the type of. markets finance scandal find out what's really happening to the global economy for a no holds barred look at the global financial headline news june in two cars a report on our to. do we speak your language anything about the war not a day of. school news programs and documentaries in spanish matters to you breaking news a little tonnage of angles kiddies stories. for you here. in troy all teach spanish to find out more visit i to all tito it's calm. i

investors say if we move toward a banking union, you can't have any kind of economic without a bank union. how much does that matter? >> for investors today, probably not a whole lot. he's broader long term questions about what the eurozone is going to look like, what is going to be the balance going to be, we have to have vote, treaties, and it's difficult -- >> doesn't matter in the short term 245 ththat they don't let w up? >> you think if you hold it for five years do you still get something back. >> there are a lot of analysts saying european equities will outperform u.s. equities. when you look at the rapid growth rates, is that just because they're undervalued? what is it? do you agree with it? if not, why not? >> sure. as a region, it's actually not undervalued. it's average right now. there was a discount. there has been times over the last year that's gone. europe has done reasonably well, u.s. is off, so now we're equal on valuation. but that doesn't mean that within sectors there is not very undervalued regions. italy for example is still very clean. so it depends. >> other ne

then there's the wise they prize winning european union continues to battle economic and social turmoil increasingly more people in prison want turn out as stephen will spokes person for the u.k. independence party says his country would be far better off. but there is a certain code of politicians and advisors in this country who are petrified that no longer. to be at the central table of europe enjoying the late night events and the flash cars and the hotels that they get the decision making the real buzz of being there but there are those like me that actually are party that believes that being outside of this particular would actually influence great great britain's influence would actually rise and we'd be able to trade more easily with the rest of the world because we're freed of these regulations at the moment you can see that even from the government's own statistics they show that recently trade with the rest of the world as risen dramatically whilst our trade with europe has actually fallen and that's not surprising to ourselves because we see that the rest of the world repres

the logic of the argument that somehow unions are responsible for the economic woes of the middle class or economy at large is illogical. it is not true. so i mean, this is clearly -- governor snyder may not say it's political but it's clearly political. he is trying to appease his base. i would say are they listening to the american people? are they watching what happened in the next election? because governor snyder, governor kasich up for re-election relatively soon and face a more united democratic party. >> that was the threat to scott walker. that was the very threat that he faced -- >> correct. >> this monster or wave of force. >> but i would say the difference there was in a referend referendum, talking about a smaller group of people to vote. this one because it seems so unnecessary, it wasn't something by the way that governor snyder said he was going to run on. he said the opposite. >> right. which was the same case with walker. >> now he's done a 180 and in a state that is i would say even bluer than wisconsin so i think, you know, this is going to be the final outcome of th

and the economic recovery would falter. >> the unions seiu and the nea with a combined membership of to 7 million have put six figures into these ads that are running in arkansas, louisiana, minnesota, missouri and virginia. i want to bring in marykussler for the education association. >> good morning. thanks for having me. >> it includes medicare and social security and let me ask you because of your position about education. how does going over the fiscal cliff affect it. >> certainly. going over the fiscal cliff would directly impact education because these across-the-board cuts scheduled to take place january 2nd would come into effect and from our perspective it would hit the students most in need, low income children and children in disabilities and they would lose access to over 78,000 educators across the country that are there coming to school every day to help them do their best. you started an online pledge and you're asking people to pledge to support public education as well as working families. how is that going? how many signatures so far? >> we are upwards getting clo

in response to the measures that are being taken to try and halt the european union and the euro zone in particular as economic downturn we've seen violent demonstrations in countries like greece where we're seeing clashes with police and also strikes across the country also in spain and as well elsewhere across the union now these on what we have seen though is these are just students so activists that are being demonstrating against the cuts that have been implemented upon them but people from all across society as not just the people have started to show that they're dissatisfied with the way things are going the politicians have already started the finger pointing of just who is to blame silvio berlusconi in italy saying little he's going to run again to be the leader of the country and he's pointed a finger squarely towards germany where i am right now saying that it's up to berlin to recognize the european central bank as a real central bank in his words otherwise swell countries like italy are going to have to pull out of the euro zone in fact well there are those here in germany that would say that it'