there is the council of europe and the european union. i have considerable difficulty with that but the two things are separate. >> britain is a trading nation. brigandines unfettered action to europe's single market and a clear voice and say in the voice of that market. >> i think my friend is absolutely right. we export a large share of our gdp. i would not want to swap the status we have of having access to the single market and the say over the rules of the single market. i think it is important as the eurozone develops and integrate that we make sure those safeguards -- there's a series of steps we could take. some are about safeguarding will we have. these are achievable if we play our cards right. >> could i simply ask the prime minister to look at this terminology. he did not mention the united kingdom once. if there is to be a referendum that the people of northern ireland would have a strong say in this? the uk -- britain excludes in northern ireland. >> the honorable lady is right and i'm right to be chastised. >> as suspect th

ticket more this than with thomas clough is a political analyst from the european council on foreignrelations is on the line from paris thomas very good evening thanks for being on r.t. france nice to make what ten billion euros worth of savings this year to hit targets president possibly juggle along with the austerity man that he was voted on as are going to work but it's going to be difficult one of those promises on the. detail. if you. will on the government will make good on a number. well i'm careful to stress throughout the complaint bring down the deficit vertical of our approach with ministration he hasn't said exactly how we would do it we have to where to put it and that's what the lawsuit that we're going to watch for the news groups well certainly it's not good news if you know what million euros i was about eight hundred thousand pounds isn't even faced to pay taxes up to seventy five percent so that they're not going to be happy but what about the rest the majority of the french people who want payback for their votes what are they going to be after and how they're go

the netherlands luxembourg finland austria these countries don't have a majority within the european council and within particular the european central bank so they live in the diaspora really. the knob of rescue policy. in that particular situation germany has a responsibility to instigate a riot against. a rescue policy which leads. every day closer to the precipice but as you know the german political class as the political class in brussels all these representatives of central brussels powers then the prisoner's dilemma they don't want to admit defeat and that's why the story goes on and unfortunately every day it continues to last it will cost the taxpayer the european taxpayer of all different countries a lot of money as you say as you say that you know the taxes keep going up and certainly the austerity measures and the cost cutting keeps going on as well marcus kerber a professor of political economics live in berlin i'm sorry we don't have any more time but thank you for coming on the program today thank you so much. this is r.t. israeli officials unanimously accused iran and the le

. >> the focus of the paper is the decision of the european council at the end of june, and there's no fact for these assessments, because they only decided to create a european banking authority to end of the ecb. then a discretionary process is possible to ask for capitalization by the esm. that has nothing to do with what they argued in this letter. >> the german government rejects the criticism, too. the finance minister also stressed that the key element of last week's deal was not bailing banks out but subjecting them to better supervision. >> meanwhile, the head of the imf is issuing a sharp warning that europe is not doing enough to get its debt crisis under control. >> speaking in doug kolk, christine lagarde says the local economy is slowing as a result, and of the organization would lower the economic growth -- >> what is needed to get this edition under control? she's pushing for europe to integrate even more by completing its monetary, banking, and fiscal union. >> are we safe for today -- safer today than at the time of the lehman brothers crisis? i would say not quite ye

do it and i think the reason we can say that is because of the decision they made at the last european council meeting to stand behind spanish banking debts used to using one of the european i think you know what i'm saying about you i mean i guess the germans bite the bullet i guess that's where we're getting to actually i want to say that. in a possible scenario of a disintegration i think it's actually more of a medium term than a short term each to say i would actually disagree that this might happen at the end of the share maybe even next year for the key reasons number one everybody is now talking about a q e t e s we know the marginal benefit dysthymia around till be much smaller than before but this is going to be taken positively by the markets number two let's not forget that we have a change in the leadership in china and usually historically have been associated with more stimulative part of his and then what did he we have elections in germany and i think that even the austerity lady might be a little bit more receptive to a more stimulative budget because a den of the day she's a

there is the council of europe and the european union. i have considerable difficulty with that but the two things are separate. >> britain is a trading nation. brigandines unfettered action to -- britain needs unfettered action to europe's single market and a clear voice and say in the voice of that market. >> i think my friend is absolutely right. we export a large share of our gdp. i would not want to swap the status we have of having access to the single market and the say over the rules of the single market. i think it is important as the eurozone develops and integrate that we make sure those safeguards -- there's a series of steps we could take. some are about safeguarding will we have. these are achievable if we play our cards right. >> could i simply ask the prime minister to look at this terminology. he did not mention the united kingdom once. if there is to be a referendum that the people of northern ireland would have a strong say in this? the uk -- britain excludes in northern ireland. >> the honorable lady is right and i'm r

basically, the message coming from rome this morning is this is not the second run of the european councilthere will be no winners and losers. and mario monti said that the headlines of the meeting in europe should have been angela plus mario equals a new european policy based on growth but also on budgetary discipline. so clearly the veto, the italian veto on the grove pack edge in brussels clearly disturbed angela merkel. at the same time the sources in rome are expecting the italian government to get more measures to angela merkel and his colleagues in rome of the italian efforts to get more discipline in its public spending. for example, yesterday was discussed a public spending cuts for $7 billion which will be necessary to avoid raising the taxes in aucts. so mario monti is under pressure from the leaders of the union that want action strikes against what has been presented yesterday. 10% slashing, public administration personals. and also there will be more centralized purchase of services, especially in the elf sector. they continue to go on the new road of a budgetary discipline.

within a relatively short period of time because the leaders have asked the president of the european councilto put this plan together before year end. they need to go farther. there's no question about it. they need to move fiscal union as well which will take probably more time, more summits, more delusion and elusion. they're heading in a new direction together. that's a clear sign that things are changing. >> woodruff: one of the things that people have commented on is germany seems to have been more accommodating in the past under chancellor merckel. the question is, is there a new dynamic with the president of france and the role he's playing? how do you see that. >> there's clearly a more focused on a balanced approach which fiscal consolidation which is happening in the euro-zone, when you look at the fiscal deficit in the euro-zone that's in the average about 4% at the moment. and moving in a direction of being under 3% in the next couple of years. and growth. that's a new dialogue that they're having at the moment. consolidation, yes. but growth as well. and the whole of it is put i

isn which -- obinafrdrte inc o ,nkini, t,chswhe bking union proceeds, um, which actually the european council went in the rightirection beuse it looks like a e l 7 a tref bu sngea u thweoone i think that the dutch were also back some of the points. i think the danes as well a oue roluthe heroues - hame . me,'r pmatr ol a m weof course. whereas in december we were presented with a tree si change -- treaty change and so i thoughit was necesryco arthseegs, hryasl kn. aced s 'tav e.r. they went off and did it separately. we're not at the stage of another treaty being put in front of us, but you have to be ready for anything. >>rimeis the cogey p boo cris and the austerity of more people coming from the e.u. into the united kingm. but thepuriinr trohare stitg tesof miio eretmo urw discussions as to how we can restrict e.u. citizens coming into our country in case the crisis gets worse? >> think the position isth atio ofifntvals. 's t right thing for a government to do when there's so much uncertainty. we don't discuss ese plans, obviously, for obvious rsons. thin thega pio attexrdy ssnd sin i rect

. >> live pictures from all over the european council. >> a later pass of the satellite, europeans sentocean, viewers saw big ben in london. the ar, detry ohm of in paris. >> reindeer at the arctic circle. >> it was a huge deal. not only technologically. paul ceruzzi. of the air and space museum. >> sputnik, yuri gagarin and all kinds of firsts. this was the first that we had that the soviets could not match. >> it was a revolution in communication. the way to see the world in real time. news coverage from other continents. >> the royal wedding in england or olympic games or the rock concerts where millions and millions of people are watching bono or somebody like that. >> the most respectful manner. >> it was also a window that could be closed by governments if they didn't like what the world was seeing. it all started here 50 years ago with what looked like a three-foot wide disco ball in space. today there are 299 communications satellites in orbit over the equator. transmitting 24/7. of course, there's even more video on the internet, skype, face time. telstar was the beginning of o

it appears the european union council as a whole as well as certain euro zone member states have proposed banking or fiscal union by the end of 2012. don't you accept that the change in the status would be a fundamental change in our relationship with your opinion? >> somewhat. the point i was making yesterday on the status quo is not acceptable, what i was saying is that the exact status quo that britain has in your opinion is not acceptable. i would like to see a better balance of powers between britain and brussels and i would like to see some powers returned. the manifesto that you and i stood on. that's why i said the status quo was not acceptable. i think you are saying the current status quo is not sustainable. i don't think it is sustainable, because euro zone countries will have to integrate. about banking union, this particular one will depend on how it's done. if the 17 countries of the euro zone bring about a banking union for themselves, which i think they need to do in a single currency, you need to stand behind each other's banks in some way, if we can get proper safeguards

in a statement it says there is a worry between decisions at european council and their implementation on the ground. >> thanks very much for that. carolyn, you're in spain's biggest region, one of wealthiest, 20% of gdp, i think. does the region at least acknowledge the extent to which it will need backup here to keep its finances in order? >> reporter: so far it hasn't con fired, it will have to tap that newly created 18 billion euro liquidity fund set up by the government. a spokesperson for catalonia government said they're right now studying the possibility of requesting that aid and also they'll be looking at details. most importantly, the strict conditionality attached to any funds from madrid because at this point what catalonia wants is less government interference, not more government interference because there is increasing rebellion against budget cuts imposed on this region, increasing rebellion against the very tough 1.5% deficit to gdp target imposed by central government. moody's analysts saying there's no way the regions, including catalonia, will actually hit that tar

>> depends what the question s ng, hcishe nk nn perceived, which actually the european council when in th right direcon us l lthev whthswedes.n i think the dutch were also back to some of the points we made. ihinkome t r troue euon morytole f >> in december we were presented with a treaty change a so, i thght it was necessary toome arth sua hiy wlnat we'te .u r a eysparately. there is another treaty put in front of us. but you have to be ready for anytng. thro zone risis and theta hostility of more people coming from the e.u. and the united kingdom. because ippmnst ts om pam aus ning atte miio e e hemmt underway discussions is how we can restrict e.u. citizens coming into our country in case the crisis gets wors? >> t pio wviy cnin ln o l s fen th tighingor mu unctainty. we don't discuss contingency plans publicly for obvious reasons. thf e exrdyi ssndaiit ss tkeiot st to flows, but obviously we hope that doesn't happen. >> would you be prepared to do that? >> i would be prepared to do couny , omrbses to ephe das rm m r forced and foremost figure. >> that is exercising eaty rights in t

in terms of the titi tis ainom zositeat t tseethatyo know, what happened last thursday at the european council seems to have indicated to most --ncludg thearkets moik--t e i isim ta w n, bwh walso extend to a banking union and which would allow, for instan, the eopean stability mechanism wh anr ica osan fahaeros thsung rsf and are decided to not only strengthen, but really arrange the architecture of the union. tteand t rs acs hbeagca vetas b tand that we hope will continue to be not only implemented, but improved upon because we believe that in addition to banking group on,cani ofeclftag s n. thhlsoteial vulnerabilities are many as far the is concerned. as far as the u.s. is yo have drede anwhisuw,he paul t dndadse byunethe ited states would be reduced. it's about 15% of u.s. exports. so you have that as the frst, t nef erit doomtin tu. ot safe haven for all sorts of reasons, and the dollar being high regarded as the reserv u.raele or that effects the nd u.olbe ngeda rt t rr eon, tef s.po bome,ou know, more costly, if you will. the d 'st ct adi ne thon e f, saidarli on, generally eroded confi

european resolutions. the measure th the security council will decide the current deployment expires friday. compiled a laundering. funds expected to have handles things with igized tohsbc has fall up short of our expectations and the expectations of our steps to avoid in worth of travellers ch secondhand al fixing her vin king said he found out about thend the role $453 million attempting to reporting of wrong doing to officials years spread worldwide. king dysfunctional and not operating >>> the c sye benchmark interest rate. flawed. i would like to see additional reforms to the libor once the scheme was discovered in 2009. the system. the associatio bernanke that progress in reducing unemployment is likely to be action profit fell over 4% in april to june period from a year d worl 4.3% to about $2.8 billion semiconductors for priced notebook the year will be limited to 3 to 5%. that is lower than the firm's forecast. as a smart phones and more intel's earnings are s firm and mobile devices and country. new york city reconstruction agency advantage of the sendai. firms taxes for five years

security council the u.s. and european powers namely and of course with the syrian national council leader calling for the the u.n. security council to consider a military solution it doesn't really seem like that's going to boost the argument here we were we wound the clock back and had more powers at the table more dialogue with different factions within syria perhaps things could have turned out differently i mean if we look at the regional players here a saudi arabia namely and iran they have never been brought to the table formally a by the powers in the u.n. that was one of the proposals actually that the russian government had come out what they offered to host the talks right here involving more regional players trying to sort of get all the muscle power possible to try to resolve this conflict peacefully but again it really seems like all the sides have dug in and are really changing from their positions perhaps diplomacy really won't be the answer here but let's certainly hope it won't come to that we all know wh

security council the u.s. and european powers namely and of course with the syrian national council calling for the. council to consider a military solution it doesn't really seem like that's going to boost the argument here but again you know these things could change minute by minute day by day so we'll have to see what. you want as the days go by. going on for seventeen months already in all the time. the opposition has basically been refusing to come to the negotiating table to try and find some sort of peace resolution here they are in moscow again they come for talks but again there are unwilling to budge where do you think we are now when it comes in terms of prospects for international mediation efforts is that all a smokescreen i mean can you can we take any stock in mediation efforts. it's so hard to tell at this point i mean perhaps if you know we wind the clock back and have more powers at the table more dialogue with different factions within syria perhaps things could have turned out differently i mean if we

brits are struggling to get on the housing ladder at all bernard clarke of the council of mortgage lenders reckons european cash is making an already tight housing market harder for everyone in property is probably contributing to. the difficult conditions in london which is one of the most difficult places for people to buy in any case because property prices in london not that much higher than the rest of the country then hewas knows all about that a teacher and a recruitment consultant he and his fiance live in a rented flat unsure when they'll be able to scrape together the sixty thousand dollars deposit they'll need to buy their own home this should be tricky i think the main thing. i think the cost the mortgage would be much too much more than what we're actually paying now especially if we downsized zero. probably less than what we're paying now. you know i've not got the best credit rating. not really got a credit rating having not really taken credit out. the deposit is high since the credit crunch banks are unwilling to lend to anyone with a less than perfect credit rating still a recent survey b

security council this comes on the back of geneva conference that included security council members as well as european and middle eastern leaders where a new peace plan was put in place that basically calls for the syrian people to create a transitional government which would include both the current authorities as well as members of the opposition and the idea that this transitional government is that it should be based on mutual consent in this new peace plan assad's positioning and policing in the conflict is left open and is left for the syrian people good your forty's and the opposition to decide so this is a plan that the entire international community involved in these negotiations has now put in place we did hear kofi annan say that he hopes that this transition government can be put in place and to begin working by the end of the year and we're going to have to wait and see whether or not this happens but the goal of this government would have to be revising of the syrian constitution as well as new elections but unfortunately experts and the syrian people on the ground are saying that this s

absolutely this comes on the back of the geneva conference that included security council members as well as european and middle eastern leaders where a new peace plan was put in place that basically calls for the syrian people to create a transition government which would include both the current authorities as well as members of the opposition and the idea that this transitional government is that it should be based on mutual consent and this is something that's key because if we were a member of the main sticking points between namely russia and the west and its western allies during the attempts to find a compromise on the syrian click crisis have been that the us has been calling for regime change in syria and russia said it would have none of that peace plan that was put on the t. ball previously did include a clause mentioning that assad would have to step out of the way in this new peace plan assad's positioning and placing in the conflict is left open and is left for the syrian people the authorities and the opposition to decide so this is a plan that the entire international community invol

and european governments some members of the u.n. security council who are now actually just passing up attentional use of authorization under chapter seven of the u.n. security council charter which would allow them to authorize actions ranging from diplomatic and economic sanctions to military action the force a situation that nobody wants to see in the region but it is being considered at the moment the other thing we have to keep in mind here is that the u.n. security council is not the only interested party in these talks we were just looting saudi arabia and iran to critical regional players and of course russia has proposed a new talks that would include those powers in order to come to a peaceful resolution all right lizzie thanks very much indeed for bringing us this update our team is a loser golf never born here. think about political writer and activist sara flounders says violence will only stop a foreign support to the rebel stops first. if the syrian opposition was no longer funded by the us by saudi arabia and the arab league countrie

within the security council one has been proposed by russia which calls for and three month extension of the u.n. supervision mission in syria the other which is now drafted by european countries and supported by the u.s. calls for. calls for chapter seven which allows for the security council to authorize economic sanctions among other things against the syrian government if the government does not comply with kofi annan six point peace plan what's missing according to what's been reported is that the draft proposed by western countries does not indicate any consequences for the opposition if they do not comply with the peace plan so while kofi annan is asking for the security council to adopt with one voice you still have a huge division taking place within the united nations and of course this is this is coming more than sixteen months after this crisis in syria. syria's main opposition alliance has failed to say persuade russia to help them oust president assad and during talks in moscow the syrian national council insisted assad must go before there can be any transition which russia doesn't agree with and some analysts believe the opposition isn't everyday inte

the united states, joined the european union and during the second half of this year, cyprus took over the very important and prestigious position of presidency of the council of european union. this is the first time cyprus presided over the council of the e.u. since it became a member of it in 2004. yesterday, a group of hellanic caucus members met with a group of leaders from the district that i am honored to represent. they included phil christopher, peter and other national leaders of the cypriot-american community and other greek leaders. they came to participate in the hearings before the senate foreign relations committee on the confirmation hearing for mr. caney. he was nominated by president obama to be the next u.s. ambassador of cyprus and we are hopeful that the confirmation will move forward. we are also concerned about a bill that has been put forward that gives preferential treatment to turkey over other countries on contracts and activities that take place on american indian areas. and this has caused a great deal of concern with the members of the caucus, and i now want to express my opposition to the indian tribal trade and investment dem