there is a new office now two new offices of the office first of all of the president of the european council and secondly the office of the high representative which deals with the foreign affairs side of the european union. czerny's many today seen as a universal means of solving european financial problems many people in europe are not happy with that they don't want too many chinese investors in europe what's the irish position well arnold welcomes from china and indeed we've had discussions with. chinese leaders chinese businesspeople. to encourage investment in ireland and to trade between our land and china but i think we have to be clear about this there is no facing a single silver bullet that resolves the european financial crisis and that includes the idea of dutch chinese money as some kind of a silver bullet that will result in financial difficulties in europe financial difficulties in europe the problems in the eurozone have to be some results first of all by european leaders making the decisions that are necessary and i believe that that is happening but secondly they also have

of the european council by heads of states of government these have been in the main have been proposals that have been prepared by the european commission the role of the european commission has changed following the adoption of the lisbon treaty and there is no new structure for. station government and of course there is a new office now to new offices of the office first of all of the president of the european council and secondly the office of the high representative which deals with the foreign affairs side of the european union. czerny's many today seen as a universal means of soul the european financial problems many people in europe are not happy with that they don't want to too many chinese investors in europe what's the irish position it's well arnold welcomes from china and indeed we've had discussions with. chinese leaders chinese businesspeople to encourage investment in ireland to trade between art and china but i think we have to be clear about this there is no facing a single silver bullet that resolves the european financial crisis and that includes the idea that chinese

little insight into that i'll play more of what nigel for raj said to her minivan run for the european council president european union president. again as a member of european parliament also one of our guests. i think you'd be the cat's assassin of the nation state democracy but you're not of the will you roll the ball you better don't shoot you i don't like when you originally said this is not the time for elections but the time for actions watching gold today gives you the right to say that to the italian people. so i now have a little insight into what he's been up to he's what you could call a technocrat and speaking of technocrats this all comes at a time when economists jock tallie former president of the european bank for reconstruction and development has been quoted saying there is no more than a fifty fifty chance of the euro surviving until christmas now meanwhile there have also been rumors or rumblings of an i.m.f. bailout for italy now the i.m.f. has denied this but wooden i.m.f. solution make it a very merry christmas for architects of the euro zone project i will explain but

european council president herman and european commission president issued a joint statement on thursday. that stresses the importance of a new government with the strosz message to european partners and said that the administration must show what tirm commitment to carrying out the reform and debt reduction. they emphasized the fiscal reconstruction to greece saying they may announce the bailout package. japan's financial service agency may investigate the auditing firms by the optical machine making if irregularities are found in the past financial statements. the third party panel is investigating a cover up of huge losses by olympus. based on the results of the probe, olympus plans to correct and submit past financial statements to the agency. if irregularities are found, they plan to investigate the firm. the firms to be penalized if they are found to have committed violations like intentionally overlooking false iveications. they plan to hold a meeting with the creditor banks on wednesday and explain what it has learned so far with current business results. on thursday the change d

european central bank the lender of last resort. merkel says no. and just like their brittish counterpart, some of the german council are talking up the divisions. the intense speech enrages the brits. take any two countries in the european union and you can find enough policy differences to create a row if that's what you want. but the -- for david cameron in today's europe, it's germany which calls shots. >> that doesn't mean germany will get everything it wants but knows it will have to pay by far the most money to try to stabilize the euro zone. and merkel will tell david cameron it expects something in return. >> we have -- we think that europe has to be strong and really vent global player, and this is why we need more incubation and not less. >> nothing will be finalized today. there are plenty of meetings going on right across europe, but some solutions are needed quickly. >> and personalities do matter in all this today. one of the problems is i think the politicians who have been dealing with this crisis for well over a year now are exhausted, and tempers are beginning to fray. the prime minister of luxembourg saying britain's in no pos

well, we're going see the european council president. >> right. gyn: and the european commission president. >> right. megyn: they're meeting with president obama, there are remarks out of that meeting in less than 20 minutes and we'll see what sort of announcement they have on what if any role the united states is going to have in clean up -- cleaning up this mess. >> thank you. megyn: catch lou dbs on "lou dobbs tonight", airing at 7:00 p.m. eastern time. >>> a vision by a psychic has touched off a new search for baby lisa irwin. the new twist in that case, five minutes away. >>> plus, ugly new questions in the shocking child sex abuse scandal rocking syracuse university now. we'll look at who could pay a price for this latest round of allegations and let you hear for yourself the moment one of bernie fine -- the coach showed ear, when one of the accusers confronted fine's wife about the alleged attack. megyn: a new twist today in the shocking and still emerging sexual abuse case against syracuse university men's basketball assistant coach bernie

us summit at the white house with the european council president european commission president and foreign policy chief. as you can imagine europe's ever debt crisis was issue number one especially since the predictions for doom are starting to abound many influential economic minds pointing out that italy is closer to collapse than anyone realized and that if italy goes down so does the global economy there are rumors of an i.m.f. size monster sized loan to italy to the tune of almost eight hundred billion dollars but that amount of money might require the u.s. congress to step in and it might not even be enough british embassies in the euro zone have already been told to draw up plans for a europe collapse and british ex-pats that will be in need it when social unrest follows but is an e.u. u.s. summit really can help this situation while the obama administration is eager to point the fingers at europe tell them to hurry up or we all go down the striping is a little double sided our economy isn't exactly healthy and a new bloomberg report that as close as seven point seven trillion dolla

west germany it was a boom time its only desperate and also once was supposed to be a flagship european council project which has now been deemed by some failure one example seen in neighboring france one newspaper had its offices firebombed this week after naming the prophet mohammed as its guest enter it in a prophet is forbidden is now a reaction denmark knows all too well one m.p. there says the attack is because extremists simply don't understand free speech. it is a question of. just wanting to decide what can be serious what can be written and what came to be drawn in their way they're challenging how sweet they were speech and i think that's one of the most cherished freedoms that we have us all so we should not accept this by any chance and i think that all right that might be provocative also what you listen closely but also what shirley to do in what in order to say you know we have a stand here we would say what we like we would laugh at what we like i think that's also very humid there's a lot so humor in what surely did and it's a shame that these muslims cannot love us just think

i think some progress was made of the european council meeting a week ago. for the first time they did accept the proper breakdown of crete debt which has to be part of the solution. also a proper recapitalization of europe's bank done to a credible test rather than the incredible tests that we have had in months,. the final element which she refers to ride the which ceased to have more detail added and more substance added, and that is to make sure they're is a proper fire wall to stop contagion in the eurozone. beneath his seven greater. we can involve ourselves in greek domestic politics, but it has become even more urgent to put meat on the bones of these plans to show that we are removing one of the key obstacles to global growth which is the failure to create a proper print to deal with problems in the eurozone. >> according to the government's own protection birds population is set to increase from 602 million today to 72 million by 2027, two-thirds of this increase being driven by immigration. will the prime minister commit to stem this increase by b

debt crisis could drag down the american economy, president obama urged the president's of the european council and european commission to take bold action now. >> europe is having difficulties, then it's much more difficult for us to create good jobs here at home. we send so many products and services to europe. it's such an important trading partner for us. >> reporter: it's an economic cancer spreading from greece facing default to portugal, ireland and italy. france and germany sure to feel the effects said a report out today. >> it's rapidly deteriorating. >> reporter: without huge european spending cuts, tax hikes and bailouts, not only would u.s. companies sell less, they could lose billions. a repeat of 2008. >> the worst case scenario, we have the euro zone collapse, the european banking system seizing up with untold consequences on the u.s. sector. >> reporter: u.s. lawmakers aren't leading by example. the super committee failed to make the demands they don't make. >> we need to take decisive action on the things we need to control. >> reporter: that was the obama message to the europ

view of driving your points and he says russia is in a much better position than many of its european councilfor its the country's g.d.p. grew three point two percent in the first nine months of the year and he cites the economic jitters to go away with the new year of course the country is not immune to the debt crisis taking place beyond its borders which is why it's actively seeking ways to help the prime minister says there's a new down through the international monetary fund now but it comes to russia's end of the session so that the steel car makers are and main concern lattimer with the says the government support have to change somewhat existing contracts with international companies this year the government already promised stanford's several foreign companies including your gold strike in bruno and exchange they agree to assemble the hundred thousand cars a year in russia using mostly locally made components no the benefits are expected to last months it's once it's mine but one of the big seal means that they could be lifted earlier the prime minister says compensation will be paid

think that if you read for example the conclusion from the last two weeks ago or so from the european council you see that as a clear change and we are moving rapidly to a more federal model look for example there is a clear statement a finger pointing to italy and the minutes of the council saying italy should that happen to be increase its retirement age to sixty seven years which is unprecedented this would never have happened in the past what do you think about that robert because it seems to me that you know kind of reiterate is that when things are going fine when you when you can lie to get into the euro and everyone carries your weight but when a crisis starts hitting then people start looking after themselves more often and and we see that why why would the northern countries of europe want to be having to have to deal with because the kind of political corruption that we see in italy and in greece maybe to some extent in spain also is that you know they're the ones paying for this continuation of a system that really needs to reform itself and there's no political will to do that be

debt crisis could drag down the american economy, president obama urged the president of the european council and european commission to take bold action right now. >> europe is having difficulties and is much more difficult for us to create good jobs here at home, because we send so many of our products and services to europe. >> europe's debt crisis is an economic cancer is spreading through greece facing default, to portugal, ireland, and not italy, france, germany. the situation in the euro area is rapidly deteriorating and the contagion is spreading. >> without a huge european spending cuts, tax hikes, and bailout, not only -- u.s. banks could lose billions. u.s. markets, too. a repeat of 2008. >> the worst case scenario is we have the eurozone collapse, the european banking system seizes up with untold consequences on the global financial sectors. >> but u.s. lawmakers are not leading by example. the super committee last week failed to make the kind of debt reduction deal we demand the europeans make. >> it does remind all of us that we need to take the type of action on the top of thin

i think some progress was made at the european council meeting a week ago when, for the first time, it a proper write-down of greek debt, which must be part of the solution, and a proper recapitalisation of europe's banks done to a credible test, rather than the incredible test we have had in months gone by. the final element that the right honorable gentleman rightly refers to -- and which needs to have more detail and substance added -- is to make sure there is a proper firewall to stop contagion in the eurozone. the need has become even greater. frankly, of course we cannot involve ourselves in greek domestic politics, but it has become even more urgent to put meat on the bones of these plans to show that we are removing one of the key obstacles to global growth, which is the failure to agree a proper plan to deal with problems in the eurozone. >> according to the government's own projections, britain's population is set to increase from 62 million today to 70 million by 2027, with two thirds of that increase being driven by immigration. will the prime minister give a commitment to

dominated talks between president obama and european union leaders, they met today and with the european councilission president at his side, president obama told reporters europe is responsible for fixing debt problems and did, however, acknowledge the sizeable stake the u.s. has and pledged to continue working towards a solution. >> if europe is be contracting or having difficulties that is more difficult for us to create good jobs here at hoax we send many of our products and services to europe. >> and there is a hope for a solution to the debt crisis and a strong start to the holiday shopping season sent markets skyrocketing today. dow jones finished up. and nasdaq jumped almost 86. s and p 500 closing nearly 34 points higher. >> investigators want to learn about a defunk investment firm run by two former 49ers legends. bloomberg news reports they're trying to determine if they misled investors as it struggled in 2008. ah -- the systems and star athletes. the sec trying to determine if they improperly shifted debt to pay back loans to credit tore autos republican presidential candidate herma

meanwhile european council president spoke with u.s. president barack obama and the european president barroso on monday. afterwards von rompuy said he was working on roadmap for more fiscal discipline in the eurozone. back in europe or the oecd, the organization for economic cooperation and development says the european central bank should cut interest rates and play a greater role in buying up bad debt. andrew? >> charles, with the oecd actually forecasting a fall in growth for many of the european countries including the big ones, germany and france and italy in particular and a broader mild recession in the near term you can see where its concern is certainly coming from. it forecasts growth across its 34-member nation will slow, expanding by 1.6% next year, down from 1.9% this year. the oecd says confidence is sinking as people lose faith in europe's decision making. it does say things will improve only if there's quick decisive action. that's what the markets have been looking for for a long time now. the first order of business th

and the president of the european council, a very complex bureaucratic situation.>neil: these are people who want mother europe, the ones at the behest of the germans and france, want to keep this going. and most of the ones, the members don't want to keep it going? >>guest: well, that's right. but what has happened through the middle of all of this, chancellor merkel has now become the dominant figure and she is in a very difficult situation because the germans are very unhappy signing a plank check to depress and she now is rather taking charge of the whole of the european situation so we now have a german-dominated europe. the very thing we were told the european project would stop, the very thing that twice in the 20th century we fought and made huge sacrifices to stop and now we now have a german dominated europe and i don't think that's a good thing for eupe and i think what is being done to democracy in the name of saving this eurozone is something that should worry all of us. >>neil: you are an amazing speaker, and you cut to the chase. very good to see you

when it was a treaty change in the european council we got something back for britain which was to get out of the e.u. bailout fund. it to our future treaty changes, and some european countri are pushing for them. we will make sure we do a good deal for britain and protect our national interest. >> order, order. i remind the house despite, although the house is not sitting on that day, many of us will be on the state performed our poetry duty to do at 11:00 on friday, we should join the nation so we might remember those who gave their lives for their country to help to preserve our democratic freedoms. instructions wil be issued to heads of house of departments so that those members who wish [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> prime minister's questions returns wednesday, november 23. you can watch any time at c- span.org where you can find a video of past prime ministers questions and other programs. >> i want to make sure that we have taken every step possible to bring peace of mind to the family members

when it was a treaty change in the european council we got something back for britain which was to get out of the e.u. bailout fund. it to our future treaty changes, and some european countries are pushing for them. we will make sure we do a good deal for britain and protect our national interest. >> order, order. i remind the house despite, although the house is not sitting on that day, many of us will be on the state performed our poetry duty to do at 11:00 on friday, we should join the nation so we might remember those who gave their lives for their country to help to preserve our democratic freedoms. instructions will be issued to heads of house of departments so that those members who wish to observe silence may do so. order. statement from foreign secreta secretary. >> we will leave the british house of commons now as they move on to other legislative business. you've been watching prime minister's question time aired live wednesdays at 7 a.m. eastern while parliament is in session. you can see this weeks question time and again sunday night at nine eastern and pacific on c-span.

when there was a treaty changed in the european council, we got something back for britain, which is to get out of the e.u. bailout fund. if there are future treaty changes and some european countries are pushing for them, we will make sure we do a good deal for britain and protect our national interests. >> order. i remind the house this friday is the 11th of november, armistice day. although the house is not sitting on that day, many of us will be on the estate performing our parliamentary duties. but 11:00 on friday, i regard it as appropriate that we and staff working for us should join the nation in observing the two-minute silence so that we might remember those who gave their lives for their country to help preserve our democratic freedoms. instructions will be issued to heads of house departments so that those members of staff who wish to observe the two-minute silence may do so. >> the british house of commons is in a short recess next week. prime minister's questions returns wednesday, november 23rd, live on c-span2 at 7:00 a.m. eastern. you can watch any time at cspan.org o

>> reporter: jenna, this summit meeting between the president, as well as european council, european commission leaders, will begin about 11:45 a.m. eastern time. after that, they are going to have a working lunch. they'll make statements to the press just after about 1:40 p.m. eastern time. obviously the markets are going to be watching all that closely. as you mentioned, moody's today suggesting that these problems in europe, as they continue to drag on, could bring down the economies of all the eurozone countries, that the debt problems could weigh all of them down. obviously, what president obama is focused on is what that means for the u.s. there is that old saying, when paris sneezes, europe catches a cold. you can update that now, when europe sneezes, u.s. catches a cold. we've seen how it's been dragging down the u.s. economy in recent weeks and months. that's certainly at the top of the president's agenda, as he kicks off this summit, jenna. jenna: as you mentioned, some optimism from investors about a deal in place. talk to us a little about a packet between germany and fra

i think some progress was made of the european council meeting a week ago. for the first time they did accept the proper breakdown of crete debt which has to be part of the solution. also a proper recapitalization of europe's bank done to a credible test rather than the incredible tests that we have had in months,. the final element which she refers to ride the which ceased to have more detail added and more substance added, and that is to make sure they're is a proper fire wall to stop contagion in the eurozone. beneath his seven greater. we can involve ourselves in greek domestic politics, but it has become even more urgent to put meat on the bones of these plans to show that we are removing one of the key obstacles to global growth which is the failure to create a proper print to deal with problems in the eurozone. >> according to the government's own protection birds population is set to increase from 602 million today to 72 million by 2027, two-thirds of this increase being driven by immigration. will the prime minister commit to stem this increase by b

there's the french president who has played a crucial role in the leader of the european council ands played a crucial role in trying to get the greece situation under control. of course, the prime minister of greece wanted to have a referendum on the bailout plan for europe and sarkozy and german chancellor merckle played a big role in convince egg him to drop the referendum. but this is a -- ceremony that we're watching now live in france honoring the alliance between u.s. and france. obviously u.s. playing a big role in ending world war ii. >> and again the g-20 summit is wrapping up today. it's a big part of that ceremonial event. >> sound like the french national anthem they're singing there. that's happening right now. the search for an animal that is only 24 inches tall is happening at a bay area park. also a growing disaster overseas, the pictures to say it all. a quarter of a huge city now underwater. >> good morning. requirement now 237 stop and go traffic as you cross 880. traffic and weather minute ahead. >>> welcome back. story now about a tiny deer that maybe someone's

we have to work extremely hard to build alliances in the single market, in the european council, thetock directives that are going to damage. it is one of the areas to want to make sure we can better safeguard in the future. i do not support a fiscal union in that i do not think britain should join in fiscal union. when you have a single currency that is frankly quite dysfunctional, one of the ways it could be made more functional is for a greater fiscal union. that is just a statement of fact rather than saying we wanted in new way to join in. we do not. we want to safeguard the interests of britain by making sure the single market works for us. >> is it really in the best long-term interest of this country for the government to consistently present the united kingdom as the neighbor from hell in regard to the european union? the issues the european union wish to spend money on are the issues which his constituents and my citizens around the world wish to see spent on will he change his mind on this issue? >> the fact is, this government and the government she has supported has made

traders italian prime minister won a budget vote without an absolute majority and the european central bank council member said the e.c.b. cond bailout governments by printing money. and markets across europe were all off to burn us coney's budget vote in germany the country's exports rose for a second month in september helping europe's largest economy well the sovereign debt crisis. and finally. in moscow the markets close makes the r.t.s. was up just one percent but the my six was flat to negative and here's a look at some of the individual share moves in the minds of the picture was mixed here last point four percent gas bubbles also in the red at the close the company's oil subsidiary gas from left says it boosted its net profit by sixty four percent in the first nine months of the year and russia's biggest lenders burbank gained two percent a close. also relative economic data obviously also driving the market and we've seen some positive reports from the european banks such as voids and association are all today relatively positive which also helps the european exchanges up one point five pe

red as italian prime minister want to but it's both without an absolute majority and the european central bank council members the e.c.b. current bailout governments by printing money. and markets across europe narrator late gains on berlusconi's budget vote in germany the country's exports growth for a second month in september helping europe's largest economy whether the sovereign debt crisis both feet footsie on projects wouldn't they. percent higher. in most of the markets closed mix the r.t.s. was up under one percent up to my six what's not too negative and here's a quick look at some of the individual show moves on the might six the picture was mixed among the blue chips left last point four percent from was also in the red at the close the company's all subsidiary for meth says it boosted its net profit by sixty four percent in the first nine months of year and russia's biggest lenders gerbrand gains two percent at the close of play. also relative economic data obviously also driving the market we've seen some positive reports from the european banks such as voids and as you say their general