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cyprus has taken over the rotating presidency the eu. jose manuel barroso is all praise. >> they are extremely well- prepared. president christofias and his government, they came to brussels at the beginning of the year. >> but the real issue is how cyberassault played the role of president while being the latest country to issue bailout funding. president christofias has agreed to accept the troika's recommendations but not unconditionally. >> we will be discussing this. we have our own view. that is what i told jose manuel barroso this morning. other countries might have a different perspective. for example, on adjusting for inflation in terms of prices or wages. >> cypress has been badly hit by the crisis in greece. in addition to help from brussels, it also hopes to get a loan from russia. the two countries have shared business interests and president christofias, who speaks russian fluently, has defended the request. >> russia is a capitalistic economy. no one should worry that we're bringing communism to cyprus just because we're w

. >> eu officials have sharply criticized romania's commitment to democracy. in a report released today, the commission accused the iranian prime minister of abusing the country's constitution and legal system. >> the eu will now extend its monitoring of romania. the country has been under scrutiny since it gained eu membership in 2007. >> romania's government has sparked international outrage for moving to impeach the president and restricting the powers of constitutional courts. the prime minister has agreed to make sacrifices and comply with the report. >> how committed is romania to eu guidelines, and is there a democracy deficit in europe's east? we asked our correspondent how far behind bucharest really is when it comes to fighting corruption and establishing the rule of law. >> according to the european commission, it is way behind. romania and bulgaria, which joined at the same time, never caught up with the requirements of membership, which is a criticism an embarrassment for the european commission. they allowed these countries, and we are concentrat

if it go points or a euro so that can.sly the eu agreementay was a bit of a failing banks. the mainfocus with the u.s.wednesday. back to ra tha ramin from the tokyo stock cutives at aonductor maker areounce streammeasures that include their plants. unified theirs struggled to cope aft and the histori appreciation of the ny p more than billion that's roughly $790 million for march. now, under theplan up to jobs may be slasd at office 30%roll the company also close or sell 18 plants japan and sale of anotherfuture. company executives are set the plan on tuesday.ring tohat host the well asunions. news for you next hour. asian markets. >>> floodingindia's left at l people dead ands officials t state of 000 villages havooded. ofe been evacuated. they affected by the floods. flew there on to dropssities in the area. also experiencing monsoon downpours. landslides dead. koreans are hearing ir kim un. state n ng unin the first six months more than time that he waspower. the reportes activities months generally put storiesjong-un the high officials tr ee lay co m's lacks lacence. >>

an eu embargo on iranian oil imports took effect sunday. >>> the u.s. and eu authorities have put new sanctions in place to try to stop iran from developing its nuclear program. the measures target crude oil exports and financial institutions to stop doing business with the country. iranians are seeing the results. they are facing higher prices for food and medicine. they are also facing safety risks. nhk world reportsrom tehran. >> reporter: an iranian jet made an emergency landing at an airport. it made the landing without its front wheels. it could have been a disaster. the captain told nhk what was going on in the cockpit. >> translator: i told the co-pilot to deploy the landing gear. but the instruments showed something was wrong with the wheels. >> reporter: in january 2011, another iran air passenger plane crashed into the northern part of the country. 80 people were killed. both accidents last year in both planes made by boeing, the u.s. aircraft manufacturer. the economic sanctions are said to be behind the accidents. airline companies are find

eu leaders agreed at a summit last month to a plan to hel governments and banks. finance chiefs from 17 eurozone nations are meeting in brussels about how to use a bailout fund to directly inject money into struggling banks. they're also discussing how to utilize the fund to stabilize bond markets for debt strapped countries facing high borrowing costs. the ministers are addressing the scale and conditions of financial support for spain. they're also weighing the greek government's request to relax the conditions for austerity measures. the eu imposed the measures in return for financial support but discussioned with spain are already behind schedule, and talks with the greek government have yet to begin in earnest. some observers speculate the finance ministers may have to meet again soon -- possibly next week. but one european politician has had enough. he feels leaders aren't discussing the right topics to begin with. what's the story? >> as that finance minister's meeting is going on in brussels, there is a heated debate of its own kinden in athens. they're ta

an eu embargo on iranian oil imports took effect sunday. the head of nato says he wants the international community to find a political solution to the conflict in syria. secretary-general anders fogh rasmussen told a news conference in brussels there are no plans for a military intervention. >> nato has no intention to intervene in syria. and as i have stressed today, i think the right way forward is to find a political solution. >> rasmussen called on the u.n. security council to speak with "one voice" to pressure syria and he also commended nato member turkey for showing restraint sincerian forces shot down one of its military aircraft last month. >>> japanese prime minister yoshihiko noda woke up to new political rivalries. his biggest rival quit the ruling democratic party and took 49 allies with him. ozawa disagreed with noda's plan to raise the consumption tax. >> translator: we voted against raising the consumption tax based on our belief that there is much to be done before any tax hike. the democratic party, led by prime minister

an eu embargo took effect sunday. >>> eu and u.s. officials hope their embargoes will stop governments and financial institutions from doing business with iran. iranians are already feeling results of previous sanctions. now they are facing higher prices for food and medicine and risks to their safety. nhk's report from tehran. >> reporter: an iran air passenger jet made an emergency landing at a tehran airport. the plane managed to land without its front wheels. it could have been a disaster. the captain told nhk what was going on in the cockpit. >> translator: i told the co-pilot to deploy the landing gear. the instruments showed something was wrong with the wheels. >> reporter: in january 2011 another iran air passenger plane crashed in the northern part of the country. 80 people were killed. both accidents last year involved planes made by boeing, the u.s. aircraft manufacturer. the economic sanctions are said to be behind the accidents. airline companies are finding it increasingly difficult to import essential parts. they have

eu foreign ministers released a statement monday after meeting in brussels. >> we have to continue to be very, very clear in our belief that assad has to step aside. >> the eu banned weapons exports to syria in may 2011. but the tighter arms embargo now requires all eu security officials to inspect vessels and aircraft heading to syria if they suspect the cargo contains arms and equipment for president assad's forces. foreign ministers hope this new policy will have an impact on russian vessels that have been carrying weapons to syria. the eu has also frozen assets and imposed travel bans on three more entities and 26 more individuals supporting the assad government. senior syrian army officers are among those targeted. the conflict in syria is affecting its western neighbor lebanon, the u.n. refugee agency fears the current rush of people fleeing from syria into neighboring nation s could lead to chaos. the number of syrian refugees fleeing their country has surged since last wednesday when the violence intensified in damascus. the u.n. high commissioner for refugees says that up to

it is about as much as the eu can do. but is this having any effect? we wait to see. as you say, 17th round of sanctions since march 2011. >> iraq is reeling from a series of attacks on the capital and 26 other locations that have left more than 100 people dead and over 200 wounded. >> and the death toll is expected to rise on the attack on many shiite muslims. it was the deadliest day in more than two years after al qaeda warned it was launching a new offensive to regain territory. >> this was the scene in a town north of baghdad. it was the site of the day's worst attack. at least 24 people were killed here alone. dozens more were wounded, most of them shiite civilians. >> if we had had weapons, we would have defended ourselves when the car bomber approached to attack the area. >> witnesses said two car bombs exploded. then a suicide bomber blew himself up as people responded to the scene. in solder city, another shiite- dominated suburb of baghdad, two bombs exploded. -- in sadr city. a texted + at least 13 iraqi towns and cities. they appear to be coordinated with

the case of the united kingdom and the eu. most people wanted fresh settlement with fresh consent rather than have the choice of leaving right now or voting to stay in right now and thereby confirming the status quo. >> how many of the hundreds of new jobs that will come from setting up will be located in the city that has been the home of the successful united kingdom patent office, in the city of newport? >> i do not know the answer to that question. parts are pharmaceuticals and life sciences and i think it is a good deal for london and a good deal for the u.k. >> unemployment hit a record high. whatever happens to the euro, recognition is there in brussels -- the need to do serious deregulation and pushing for the single market? >> if you look at the different rates of youth unemployment, we are not one of the best nor one of the worse. germany and holland have very low rates of youth unemployment. they have different approaches to training and we have a lot to learn from them. >> mr. nicholas brown. >> why existing anti-f

in 2009 it was the only eu economy to avoid recession.n, i think the economy has grown by something like a cumulative 10% or so. remarkable given the backdrop. the outlook is framed by the eurozone. the key point, although poland is much better placed than hungary, romania and so on to weather those problems. its banks aren't quite as exposed. it's not immune. the eurozone slights into recession, if the eurozone breaks up, then poland will not be able to escape the turmoil that follows. we think it's not going to collapse but it's going to slow. rates have probably peaked. still some very hawkish members. growth starts to slow over the second half of this year. >> 4.3% growth in gdp 2011. 2% in 2012. you think 1.8% in 2013. so still positive growth in this country. on the basis of what assumptions? what's the macro picture that will yield 1.8% growth in 2013? >> again, everything is framed by the eurozone. we have the eurozone contracting by 0.5% this year. contracting by 2.5% next ye now on the face of it, that -- those polish numbers lo

. >> the eu says that is threatening progress remain yet has made since the days of communism. european lawmakers greeted him as he defended his position -- his decision. >> prime minister victor ponta was in brussels today. is handshake with jose manuel barroso was short and businesslike. after the meeting,barro -- barrosso mentioned other agreements. >> earlier, he was at the parliament. >> the point i raised to the prime minister was my feeling is the loss should not be changed. >> that tough talk seem to have had the desired effect. >> i thinker is going >>f his cnt tbelill have news fr this news forcese. am hemeerofy rtto folw to oreciar sllt t dthse hantbe them beneath it. >> aoparccs r to locationgh a t of people were on the slopes. sintre not behaving recklessly. >>he mountain faces steep. there are big banks of snow eiln avalanche. but we had no reason to expect an >> fren i the deadliest avalanche to strike the alps in recent years. >> the economy may me than originally forecast in italy. e adfhe bins lobby in italycts the n be 2.5%. >> the most recent calculations fo

the eu and u.s. increased the sanctions that target iran's exports of oil. iranian officials continue to signal their defiance. on tuesday, soldiers carried out test launches of ballistic missiles. the commander of the revolutionary guard said the missiles were targeting what he called iran's hypothetical enemies. the british military is setting up surface-to-air missiles in residential areas of london. the missile defense system is one of the anti-terrorist measures being deployed for the olympic games. the system will be in place middle of the month. installing in six locations in and around the capital. one site is the roof of a housing complex near the main stadium a nother a residential square in east london also near an olympic venue. defense secretary phillip hammond announced the idea last autumn. military officials scouted 100 possible locations. not all residents are happy about the missile shield. about 100 people stage aid protest march last weekend. hammond called the measure a powerful deterrent that will reassure the public. >>> tokyo tax auth

and eu sanctions have already begun to cause inflation in the iranian market. chicken which used to be $2 a kilogram is now standing at $4. food prices have soared since the beginning of the year. the official inflation rate is 20%, but people say the actual figure is probably higher. >> translator: there's no way we can make a living. >> reporter: the sanctions are even affecting people's health. the cost of medicine has risen more than 30% since the sanctions began. drugs to treat heart disease and high blood pressure are particularly hard to obtain due to restrictions on transactions with foreign firms. >> translator: thi medicine cost about $6 last year. i had to pay twice as much today. >> translator: my mother used to take medication imported from overseas. but we can no longer afford it. it's just gotten too expensive. >> reporter: sanctions against iran show no sign of ending any time soon. meanwhile, ordinary iranians are trapped in what they see as a political conflict in a daily struggle to survive. mojitba sanati, nhk world, tehran. >>> russian prim

from wednesday, officials from the eu, international monetary fund, and european central bank will being how far greece has enacted reforms in the past three months. ahead of the talks, the ecb said greece had no alternative but to stick to its austerity program, no matter how painful. >> so my point is this, the new government should not lose time looking to avoid or losing the program. it should instead focus on how to maximize the effectiveness of reforms. >> these so-called troika will decide whether to release the next installment of aid money based on the country's performance. greece desperately needs the infusion to avert bankruptcy. >> one big reform to come out of europe's debt crisis is under question. here in germany, the fiscal pact that was championed by german chancellor angela merkel. >> germany's constitutional court is looking into whether it is legal to put the pact into law in germany. it can be ratified if the court upholds a number of constitutional complaints against it. >> the constitutional judges will have to decide whether parliament has surrendered too much

that is why chancellor kohl is calling on the eu to sign free- merkel is calling on the eu to sign a free-trade agreement with jakarta. >> thank you very much. now, joint u.s.-arab league envoy kofi annan has briefed the council on efforts to gain support for his revised plan. >> he urged the council to make it clear to both sides that failure to reach a cease-fire will mean a serious consequences. his new plan calls for a halt to all violence in syria before peace talks even began. >> russia and china still have veto rights on the security council. the opposition national council has held talks with the russian foreign minister. it accuses russia of prolonging the 0-- the violence has continued. >> the hostilities in syria s how no sign of easing. diplomatic efforts are being stepped up. so far, they have proved fruitless. in russia, foreign minister -- the foreign minister has been trying to persuade members of the opposition syrian national council to change their position on speaking to syrian president al-assad. >> we want to understand how realistic the prospect is of uniting a

. >> the eu says that is threatening progress remain yet has made since the days of communism. european lawmakers greeted him as he defended his position -- his decision. >> prime minister victor ponta was in brussels today. is handshake with jose manuel barroso was short and businesslike. after the meeting,barro -- barrosso mentioned other agreements. >> earlier, he was at the parliament. >> the point i raised to the prime minister was my feeling is the loss should not be changed. >> that tough talk seem to have had the desired effect. >> i think our partners and friends in europe -- it is going to be a european and democratic country. >> if ponta does not make good on that promise, his country will face sanctions from brussels. >> we will have an update on that later in the program. now we have news from syria where a singer has defected to the opposition. >> this news was welcomed by washington. the white house said the defection was a sign that assad felt regime was -- assad's regime was weakening. the shelling of certain areas is continuing. >> the town and in the north of

this is critics an eu diplomat.s impacting yields because we mentioned earlier the spanish ten year is back well over 7% again. back to the pre-eu summit levels. these levels are seen as unsustainable for spain to continue to fund itself. looks like they could have a little bit more room. seems no respite to the borrowing costs for that country. >> just a quick look here germany is auctioning six month bills not a ton of movement in the bond markets this week but they did cover a ratio of 1.7 for the six month bills with an average yield that's, in fact, negative. negative 0.0344% on that. of course that's just slightly positive yield the last time they did it and reflects how badly investors are looking for anything that's something, something like a safe haven. >> exactly. >> return of that capital. the u.s. earnings season officially kicks off when alcoa reports second quarter results after the "closing bell" in the u.s. today. the aluminum giant is forecast to earn just five cents a share hurt again by low metal

a think tank financed by billionaire financier george soros is calling for germany and other eu countries to surrender more political power to brussels. >> the group of 17 experts says the eurozone debt crisis is poised to get a lot worse unless the political leaders moved to give supranational organizations more budgetary oversight. >> the report is only 11 pages long, but it packs a serious punch. the european rescue fund is far too small, the experts warn. eurozone states, especially germany, must take responsibility for each other's debt. the alternative is a potential financial collapse. the report states europe is sleepwalking towards a disaster of incalculable portions. among the 17 economists are two members of the german council of economic experts, which advises the german government. the report was published by the u.s.-based institute for new economic thinking, which is financed in large part by american billionaire investor george soros. he has long been calling on germany to give help to weaker eurozone countries and has called chancellor angela merkel 's policies shortsight

that is the highest since spain introduced the eu. a rate above 7% would make it difficult to rebuild the government. the talks should be accelerated to set up an eu-wide banking union. the eu will need to offer the spanish government a bailout if the costs stay high. >>> apple's forecasts were short despite the good outlook. the u.s. electronics giant said on tuesday that the quarterly profit was $8.8 billion. that is up 20% from a year ago. sales jumped 22% to $35 billion. these figures were lower than analysts expected. that is because unit sales of the iphone fell 26% from the previous quarter. the smartphone accounts for nearly half of apple's total sales. many consumers postponed their purchases because of the new model release in the future. ipad soared up 35%. apple's top executive, tim cook, expressed confidence to boost the earnings further. apple will continue to launch innovative products. >>> in south korea, known for the export-driven economy, the english education business has been expanding into another growth industry

spanish business newspaper reported tuesday that the country will ask for a full bailout from the eu. spain has already obtained financial aid for its commercial banks. meanwhile, european stock markets extende their losing streak on tuesday. the benchmark index in madrid plunged 3.6%, and milan closed 2.7% lower. >>> greece's financial health is getting a checkup this week. inspectors from the european union and the international monetary fund are visiting athens. the president of the european commission, jose-manuel barroso, will also be there. they'll all be assessing the country's progress in slashing its debt. european union spokesperson says barroso will meet with greek prime minister antonis samaras, hoping it will help greece get out of its debt crisis and a request to ease the cost-cutting condition that is a prekan for bailout funds. >>> inspectors from the eu, the i in, f and the european central bank arrived tuesday in athens. they'll be looking at how greece is implementing debt-cutting measures and report their findings to the eu. european officials hope the report will

>> well, their job was to figure out how far they could go to implement the plan eu leaders came up with last month at a summit, and the biggest outcome of this meeting is the result you just mentioned, the multimillion euro bailout for spain's troubled financial sector, however the ministers didn't have enough time to reach an agreement on the greek government's request to ease austerity measures. they have tried to come to terms by september on possibly reducing the bite of spending cut requirements. the delay is blamed on the fact that greece's new government experienced a bumpy start. some cabinet members have resigned and substantial negotiations have barely started. the finance ministers also said that they would release a detailed plan at the beginning of september, for using euro fund to purchase government bonds. this measure is designed to help struggling economies such as spain and italy, but representatives of finland and netherlands have expressed reservations about the plan. >> the eurozone debt crisis has dragged on for nearly two years. people might wonder why the finance

it shows that the eu policy measures are not enough. -- the eu's measures are not enough. there has to be a stronger stand from abroad. >> members of the opposition said belarus' independence day celebrations are a farce. they say people there are more ready to protest against the regime than ever but are prevented by fears of what may happen to them if they do. >> coming up after a short break, we will be taking a look at wind energy in germany. >> now that euro 2012 was over, soccer is taking a bit of a pause, but for those of us who can get enough, we have the story coming up for you after the break. >> stay with us. >> true art has a mind of its own. just like beethoven and the artist who interpret his work. the beethoven festival, from september 7 to october 7. order your tickets online. >> welcome back. the 11th international conference on wind energy has opened in the western german city of bonn. the annual forum brings together industry representatives, energy sector researchers, as well as politicians. >> in germany, when power is especially important. the gamelan

the case of the united kingdom and the eu. most people wanted fresh settlement with fresh consent rather than have the choice of leaving right now or voting to stay in right now and thereby confirming the status quo. >> how many of the hundreds of new jobs that will come from setting up will be located in the city that has been the home of the successful united kingdom patent office, in the city of newport? >> i do not know the answer to that question. i will have to look very carefully. parts are pharmaceuticals and life sciences and i think it is a good deal for london and a good deal for the u.k. >> unemployment hit a record high. 11.1%. whatever happens to the euro, recognition is there in brussels -- the need to do serious deregulation and pushing for the single market? >> if you look at the different rates of youth unemployment, we are not one of the best nor one of the worse. germany and holland have very low rates of youth unemployment. they have different approaches to training and we have a lot to learn from them. ov

exports go to the eu. if the eu slows down rksz it has a big immakt only china which has an effect on japanese export. but, i meean, by pure luck, a tn of domestic demand has come on line. government funds flow after the tsunami and that's finally happening. and now, as the survey shows, you've got the nonmanufacturing section which is the biggest opponent of the japanese economy moving in a positive direction. that is enough to pick up the slack of a slow down export. i would have to say that they've come back somewhat. so together with an increase in consumpti consumption, we're looking at the e a pretty rosy picture in japan. >> confidence? equality? is it coming back? comforts, how do you see among the people? >> confidence, yeah, i would say i'm feeling a little bit more confident. i think a lot of people would share that. norm pli, a japanese prime minister does that and resigns. we might still get the same result. but that's a trade that he's done with the opposition. in return, we will very likely

the meeting is set to begin at eu headquarters later on monday. up on the agenda is how to use an eu bailout fund to directly inject money into struggling banks and to stabilize bond markets for debt-ridden nations facing high borrowing costs. at a summit late last month, leaders agreed to dip into the stability mechanism to help the region's ailing economies like spain and italy. the finance ministers are also expected to talk about the scale and conditions of assistance for spain. in addition, they plan to take up the greek government's request to relax the conditions for austerity measures the eu has imposed in return for financial support but bailout talks with the spanish and greek governments aren't going well. and it's not clear how much the ministers can do during their -- or ministers can do during their latest meeting. >>> china's june consumer price index rose at its lslowest pace for nearly 2 1/2 years. the national bureau of statistics said the index grew by 2.2% from the same month last year. that's the lowest level since january 201

i did a report in 2008 i compared the way it is done in canada and the eu in the united states. in canada and the eu security is done like it is here but screening is done either by the airport or by security companies. it is called for by security regulations. member states are supposed to notify iko and the united states has never notified iko that we were in noncompliance. following 9/11, the house version which passed by a large margin removed airport screening from the airlines whether it should never have been but many officials in correctly believed that flawed screening enabled the 9/11 attacks to have taken place. that is proech passed the senate in a conference committee, the senate version prevailed for opt out and the promise that all over other airports could opt out. when tsa created the opt-out program it designed a highly centralized version of the contract. they issue an rfp select a contract and manage the relationship. you would expect that as in europe, the airport would select the best proposal from among those companies and contract with that company and ts

includingoton rwitga, a, an pa adci progress with an eu-u.s. trade deal. there arng co ge a a wmy point. >> does he have some sympathy for what john major had to endure durg th19 ia wiohajnddmhi and think that peoe now reassess and see that the left thisou ele omre e y oitmply nd wa de debt. >> what is it like for the people of scotlandl re ailt en --a >> i have great respect for my honorable friend. scotland, there were elected with a mandate to do just tt. e thnikim anu stplntsh semeites consent rather than have the choice of leaving right now or voting to stay in right now andre ir tta ws wco from setting up will be located in the city that has been the home of the successl ud do wp that question. parts are armaceuticals and d fonana t i >> unemployment hit a record high. whatever happens to the e, gnn hen brls serious deregulation and pushing for the single market? syoneym w tor.sr germany and holland have very low rates of youthmployment. theyavfftros aromheavlo . chol brown. >> why existing anti-fraud legislation doot work itvahe f oe tok

they have been given extra time, until 2014, to reduce its public deficits with the eu rate of 3%. i am joined by sebastian, on the council of foreign relations. thank you for joining us. 30 billion now, that may be up to 70 billion more to come. problem is, no one really knows how much that -- how much trouble the spanish banks are really in. how much help is that going to be and how much time does it by? >> that is not the only thing people don't know. we don't know what of the terms about the potential 100 billion heroes of aid for the bank. whether reid goes directly to the bank or whether it goes through the spanish government and then the bank. the spanish bank gets an extra 100 euros of -- 100,000 years of debt. you are just shuffling the problem from the banks to the government. two weeks ago, the europeans got together at a big summit and said we must expect it to the banks. if you look at the fine print in the last 24 hours, they have backtracked. >> so that will increase some of the spanish government debt and probably affect borrowing costs even more. it is making annou

a state press agency reports long-range missiles -- coinciding with the beginning of an eu oil embargo aimed at putting pressure on iraq over its nuclear program. australia and indonesia have agreed to work together on combating people smuggling. the australian prime minister met with the indonesian president in darwin. in the past two weeks, around 100 people drowned when two boats carrying suspected asylum seekers sunk. chinese authorities have agreed to halt the construction of a copper plant following protests over its environmental impact. photographs on the internet appear to show tens of thousands of people demonstrating against the plant in sichuan province. media reports in hong kong say it turned violent after protesters clashed with anti- riot police. joining me from beijing is the bbc's martin patien. nce. social networking seemed to play a key part in this protests. >> is certainly played a key part in the fact that we know about it. we've seen hundreds of these types of incidents across the country. i think what is significant about this protest was the scale of it. hong

>> if it's just the eu sanctions, i think you're going to see in the 4 to $5 range.en a lot of preparation, a lot of excess supply has been put on saudi arabia is putting out a tremendous amount of oil. everybody's anticipated that and prepared for that. that's also offset by the global uper belly pn, dark ure or yellowing skin or eyes. these could be signs of rare but serious side effects. is your cholesterol where your doctor wants? ask your doctor if crestor is right for you. [ female announcer ] if you can't afford your medication, astra zeneca may be able to help. some goodbyes are worth fighting for. help the marine corps scholarship foundation honor marines by educating their children at mcsf.org. >>> president obama's campaign team is sticking with its attack line claiming the former massachusetts governor mitt romney exported american jobs at bain capital. the romney campaign denies those claims but in the obama campaign ad released yesterday, they say while governor romney's companies were pioneers in outsourcing u.s. jobs, president obama is committed to,

. >> some say greece could soon also benefit from what was agreed at the eu leaders meeting after longours of negotiations. a deal was struck but lifted some of the conditions attached when states need money. of course, quick solutions were needed again, but what on -- on what basis did he leaders make that decision? to national parliaments have any say at all anymore? in germany, the issue is being reviewed by the constitutional court. >> the financial crisis threatens banks, and nations livelihoods, and the euro. the crisis keeps flaring up a new with more and more banks driving themselves toward economic ruin. now, the eurozone countries want to stop that and turn the european central bank, the ecb, into a watchdog with powers to shut down ailing banks. >> we have to keep things separate. so you have an independent reserve bank for monetary policy and a banking watchdog that can take tough measures. the banking watchdog has the right to take measures even against the will of the bank concerned. >> as a watchdog, the ecb would also form the basis of a banking union that would help ra

through her work, she has become a lobbyist for the alcohol lock in sweden and throughout the eu, but so far, without success. >> there is little interest in lowering alcohol consumption. on the contrary, producers would like to see it increase. we would like to introduce the breathalyzer for all road traffic in sweden, but the government rejected the idea, saying it is an import barrier for cars. the eu totally blocked it. >> any unilateral action by sweden to introduce a universal alcohol law might also run into resistance from the economic interests, though not from the swedish people. driving on even one glass of wine or beer is strictly frowned upon. that is said to be rooted in the national conscience. >> i think if someone is driving an official vehicle, they should definitely have an alcohol walk. >> safety is what is most important. a breathalyzer in the car would be good for everyone. people should not drive drunk, even if it might infringe on your personal liberty. >> stockholm pose a municipal building hopes to set an example. installed in all 21 of its official cars. andr

law makers in the eu, japan, the united states and several other countries have signed the agreement. >>> car makers are now betting their future on russia. the country's car industry has been growing despite the european debt crisis japan's mitsubishi and pueget set up a plant southwest of moscow. now their assembly lines have started full-scale production. workers at the kaluga plant are churning out 125,000 vehicles per year. or three times their initial output. executives at mitsubishi hope to use the facility as the a platform for the russian market. the global financial crisis stemming from the collapse oflyman brothers, triggered a plunge in russian car sales in 2009. dealers sold 1.5 million units ahalf the year before. the sector has shown strong signs of recovery. salesmen sold 2.6 million cars last year. >>> japan is one of the most indebted nations in the world so it faces a pressing need to improve its fiscal health. one way to cushion the nation's coffers ties raise taxes. lawmakers in the lower house of the dias would raise consumption tax from 5%. if enacted it will re

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officials from the eu, the imf, and the ecb held talks with the prime minister earlier today. he is under intense pressure to follow through with austerity commitments. the troika has warned greece that it must deliver on reforms or face losing that rescue package of loans that are keeping the country afloat. spain has entered its third straight quarter of economic contraction. the latest numbers for unemployment are the highest in the industrialized world, and they rose further in june to jus under 25%. >> the snapshot is even worse for the country's youth. 53% of them are without a job, despite the start of the tourism ally gives the country a bit of a boost. >> those waiting in line at the a form of office know it is tough to find work. -- those waiting in line at the employment office know it is tough to find work. the jobless are caught between a rock and a hard place. >> they should quit telling us stories and get us out of this situation. the real problem is the banks. they were allowed to do whatever they wanted without any control, and now here we are. the government