even to you a correspondent have a say in their leaders of both the european commission and the european council insist the talks weren't a waste of time what do you think. well we do there's just so many different competing interests within the european union you as a continent is so very diverse with many different diverse economies that's why things like the euro don't work and of course budget negotiations when there's twenty seven member states in the european union just do not work because of course france wants an increase in the common agricultural policy funding other countries like germany don't want to spend more money on that and of course britain wants a general cuts in the amount of money that it gives to the european union and there's many different points of view towards the european central bank and the e.u. is turning around to countries such as italy greece and spain portugal and ireland saying oh you have to reduce your public expenditure whilst at the same time the european union is actually asking for more money to spend really these conflicts are ultimately inevitable when

the european leaders trying now i've got the statement in front of me at the moment from the european council and they're saying the bilateral talks are going to continue they're going to have to hammer out some kind of agreement by next year a lot of focus now is going to be or what exactly went wrong and of course what is going to happen next what we really saw happening in the past few days and that this sort of crux of the failure was that useful this widening divide between the big donor countries you have britain you had germany you have the netherlands you had denmark they were very much pushing for these big cuts in the e.u. budget is going to take us from twenty fourteen to twenty twenty any so on the other side of that divide countries like france and italy now also what went wrong is the deal that was put on the table by the president of the european council by. these countries including britain saying look that's simply not good enough and so alternately as we said they were able to overcome that they only say this whole given this debate going to drag on into that this is very mu

need to spend fifty million for instance on a house of european history or does the european council need a new three hundred million euro forces the euro kratz retire at sixty three on full pensions is that reasonable given that other people in europe being asked to work longer work for less so basically this is likely to be some agreement on cuts in that area but it's not going to be enough. we've been here before we've had many conversations about this haven't we so. no waiting is the question to be and it's involved actually a really very small one trillion euros over seven years which is one percent of the g.d.p. of the whole blog but the european commission has its fingers in so many parts it has its fingers all hands on the leaders of power and so the impact of those cuts is going to be greater than the amount of money involved suggest as chris we found out explains. if in the end they can't agree on a budget then spending shuts down you start to see a shutdown of a lot of the programs are coming out of brussels the bottom line is you would be in a much deeper recession across

of european history or the need to spend three hundred million on a new headquarters for the european council both of these that you're a crash should be were made to work you on the age of sixty three and allowed to pension themselves over time so basically there's some agreement on those areas but it's not going to be enough and we've been here many times before you're not. greying does it really. it does yeah the amount of money involved is actually not that great is one trillion euros over seven years that's about one percent of the g.d.p. of the whole block because the commission has its fingers in so many parts has its hands on the levers of power the impact of not coming to a budget agreement is actually much greater than the amount of money involved might suggest as chris we've. explained if in the end they can't agree on a budget then spending shuts down you start to see promise a shutdown of a lot of the programs that are coming out of brussels the bottom line is you would be in a much deeper recession across the european union then we're in right now right now do your own is in a r

the president of the european council in a speech in brussels in february this year talked about national parliament as european institutions and the political sense. so we can summarize these ideas by saying that europe is -- that is all of us together in europe is a matter of internal policy or domestic policy. a stronger dialogue with the national parliaments, the members and the members of the european parliament is essential for a good future of the union. i am convinced that we can create a europe of stability and strength and to do that, we need more democratic legitimacy and control. it is decisive for me, this legitimization and control has to be set at a broad level, the level at which decisions are made and implemented is -- means if there is more sovereignty at the european level, the role of the european parliament must also be duly strengthened. and and a national sovereignty is affected or national constants as our affected national parliaments must also play an important role, a decisive role. we should also discuss openly how decisions at the european level can be legitim

how many bottles of alcohol are actually stocked in the secella of the european council? tell us what you think it might be. worldwide@cnbc.com. kr @cnbcwex. argentina will have to hold out creditors owning the country's bonds which have been in default since 2001. the new york federal dutch has ordered the country to make the first payments on december the 15th. argentina had appealed a previous ruling ordering payments to hold out bond holders. also we'll be heading out to tel aviv as the first day of the cease fire between hamas and israel goes in to effect. find out why our next guest thinks it might not hold. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by dec

and i sure that the will become a european government one day and ensure the council become a second gym one day, and i'm sure the european parliament will take european responsibilities, otherwise it won't work in the long term. but today, we must say the euro and create the basis properly, and we must give people a little bit of time so they can come with us. i've said a few things to mrs. harm's already. you know, let's be honest. it isn't a one sided austerity policy. that countries who have a program also from the program have more difficulty with the structural funds than with savings. they are making, taking savings measures, even though they ought to be reforming their labour markets. something, one word on the you gay. i won't have a strong uk in the european union. to make it absolutely clear. i come from germany. the uk was with us when remembered from national socialism. i can't imagine we have british soldier still in shouldn't. i can imagine that the uk wouldn't be part of europe. and i think it's good also for the uk to be part of europe. if you have a world of 7 millio

get it so that lines just come through so france has become the first european state to to recognize the syrian opposition council as the sole representative of the people because some sort from political rock releases syrians would never want an opposition no form of the gulf an american pressure to grab power. i'm glad to see that this collection of corrupt dictatorships is instructing the syrian people as to who their representatives ought to be how about the representatives of the saudi arabian people of the bahraini and people or people of qatar or charge of the arrest of these dictatorships so what would an outrage that they're the course they're just a subsidiary of the pentagon and of the cia this is part of the long term plot by the u.s. by britain by france by turkey by israel and i'm no fan of assad i might say but. good things are watch words after gadhafi in libya they're going to be much worse if they succeed in overthrowing assad let's opposition group was trained in turkey at various american air force bases there many of them are libyan al-qaeda types they're from other countries they're not syri

financial oversight civility council, this european contractor could really cripple lending and communityrom c to shining sea. all of these things need to be debated in the next six months. a treasury secretary who really knows how to make things happen is the guy we need. connell: isn't it -- when you can see that it is politically difficult for the president to pick somebody, somebody with a wall street like background. >> of course there are a lot of things in this country. some very good banks like jpmorgan under jamie dimon. there are some very well run. very well managed. these are all the credentials, hopefully, that will go into the mix. that person should be able to set an agenda, have the full free hand of the president to follow that agenda and to make changes necessary. we are not growing and this is not sufficient. connell: whoever he picks whether it is lew or bowles, they will not pull back on things like dodd-frank or things like that? >> dodd-frank was passed largely by democrats alone. i have talked to democrats embers of the house and senate who do agree that there need

security council but this is a problem that the. u.s. in particular and the european powers had a great deal of trouble with that they haven't been able to get in the emergency which is going ahead i think now they're all pressing much much stronger animals we should be aware. there is a greater president in recent history for nato at scene outside the. also since of the u.n. security council of course as strong as well as. a gunman went on the rampage in moscow shooting dead five people and severely wounding two parties lindsey france brings us the latest details. these storms the office on the fourth floor with a rifle in each hand and began firing bullets when two women and three men died two other people are right now being treated in the hospital now according to investigators the suspect says he'd been drinking for five days in a row and then came into the office to carry out the shooting because he was in love with one of his female coworkers who did not return his feelings now before the shooting on his big contact your page which is essentially the russian a

also served as special assistant to the president and senior director for south european affairs on the national security council. ambassador hill received the state department's distinguished service award for his contribution as a member of the u.s. negotiating team in the bosnia peace settlement, and was a recipient of the robert s. frazier award for peace negotiations for his work on the kosovo crisis. prior to joining the foreign service, ambassador hill served as peace corps volunteer in cameroon. he graduated with a ba in economics, received a masters degree from the naval war college in 1994. ladies and gentle and i would just like to take a moment to recognize these gentlemen for all the work they have done for the united states in asia and around the world. so if we could just give them a round of applause. [applause] >> we are going to have a little bit of the conversation about different issues in asia, and i will start with a few questions. will then go to the audience later on in the hour to entertain your questions as well. so gentlemen, the first question i'd like to start with is a question abou

experts say the european financial crisis is one of the ropes the dow plummeted yesterday. >>> a new at-large member for the d.c. councild michael brown. he joined us and talked about regaining the confidence of d.c. residents. >> it's big part of my campaign about getting the public engaged and involved in the process. i think the more that the public themselves step up and less kind of issues we'll have around ethics. it is important for them to play a part in every single part of the government. >> he hopes the new amendments allowing the council to expel a member for misconduct will not have to be used i think everybody can echo that september meant. >>> a maryland couple together for near hi three decades will finally be able to tie the knot all thanks to maryland voter as proving same-sex marriage. >> and that is carried for all 29 years. >> reporter: holing hands, still very much in love. it was 1983 when theresa williams and jo deutch began their relationship after moving to washington. >> reporter: did i hear 29 years? >> over 29 years. 29 1/2 now. >> reporter: since then, they've raised three children. two are

five plus one means to me united nations, security council related, global responsibility to europeans like to prefer 3+3, which means the european union is the main player. i'm a little nervous about if you're in europe you had better say three plus the otherwise you will not be served dinner. [laughter] but i think it is, five plus one of course is important to keep on. but i think u.s. should not do, u.s. does not hide inside this group. u.s. has now time to take responsibility. and to change, to start with its relations with iran. isn't it time now, they give up on the occupation of the u.s. embassy in connection with islamic revolution of 1979. should also the iranians try to forget the shooting down in the gulf of iranian airliner. and we have i think americans in iran who was not part of 9/11. it is very difficult to me what the problem with diplomatic relations with iran but there was no problem for the u.s. to ever i think -- [inaudible] truman and eisenhower had relations with stalin. my god, stalin was something much worse. but these leaders, there is sort of nervousness to

with their household budgets local councils doing the same and even our own national government here in the u.k. i think it is absolutely right to expect the european union to try and trim some of its very large budget a budget that will increase to around one trillion euros up to two thousand and twenty so there is certainly room for efficiency savings this is a an entity which has failed to have its own account signed off for the last seventeen years it's i think a wasteful inefficient entity i think it's politically smart for the government and i'm a member of the governing party to actually be in touch with public opinion majority people in the united kingdom have never had a say on our relationship with europe we need a referendum this side of the general election in this parliament and let democracy rain and let the british people have their voice heard. coming up has a special report on the fervor and passion that spread across america and the occupy movement last year. you can tell an ordinary russian and a siberian appalled in the blink of an eye wrote one thousand nine hundred ninety to probably just in those day siberians were different

decisions with the household budgets local councils doing the same and even our own national government here in the u.k. i think it is absolutely right to expect the europeanunion to try and trim some of its very large budget and i think it's politically smart all the government to actually be in touch with public opinion georgy people in the united kingdom but never how to say our relationship with europe we need a referendum this side of the general election in this parliament and let democracy reign and let the british people have their voice heard. and staying with britain trying to buy a home or set up a business is a tough task but with the big banks having seized up and keeping the cash to themselves not everyone's going to let their community grind to a halt laura smith has been to meet the one man bank. oh thank you to follow up thank you dave fyshwick is a cheeky northern charmer he made his fortune selling minibuses in his hometown as burnley but instead of fancy holidays and expensive cars when the credit crisis hit dave wanted to give something back so he decided to open a bank this late two thousand and eight early two thousand and nine my mi

with their household budgets local councils doing the same and even our own national government here in the u.k. i think it is absolutely right to expect the european union to try and trim its very large budget and i think it's politically smart for the government to actually be in touch with public opinion majority of people in the united kingdom have never had a say on our relationship with europe we need a referendum this side of the general election in this parliament and let democracy rain and let the british people have their voice heard. no is not the answer for one british man stripped of his citizenship for refusing to spy we hear from his terrified family in a few minutes they think he's now locked up in a us to america for defying m i five. horses and bayonets big bird these are the words of internet legend from the two thousand and twelve presidential debates when a candidate says something dog. so much fun to make silly pictures like these on the internet. he but the problem is that the person who wins the bait is the one who makes the best argument not he who doesn't make a verb. pup's people react to these debates like schoolgirls pi

decisions with the household budgets local councils doing the same and even our own national government here in the u.k. i think it is absolutely right to expect the european union to try and trim some of its very large budget and i think it's politically smart for the government to actually be in touch with public opinion majority people in the united kingdom have never had a say on our relationship with europe we need a referendum this side of the general election in this parliament and let democracy reign and let the british people have their voice heard. britain's got a bunch of warplanes of the push and gulf on the flight but deploying two of runs about yacht has nothing to do with terror on its nuclear program just so what they tell us analysts and also show that i will be talking about this in full after a short break. plus a resolute of a reform raney's defy the ban on rallies with crowds holding out against more tear gas and arrests and we get expert analysis and a few minutes. horses and bayonets big bird these are the words of internet legend from the two thousand and twelve presidential debates when a candidate says something dumb or odd to so

with their household budgets local councils doing the same and even our own national government here in the u.k. i think it is absolutely right to expect the european union to try and trim some of its very large budget a budget that will increase to around one trillion euros up to two thousand and twenty so there is certainly room for efficiency savings this is an entity which has failed to have its own account signed off for the last seventeen years it's i think a wasteful inefficient and. i think can find savings and with families having to find their own savings to european you should do so as well now the u.k. already receives a rebate from the e.u. it gets a big chunk of cash back is that not north of a concession. what in fact we are one of the few net contributors in a minority of the twenty seven e.u. states member states we receive around about half of our rebate back but when you compare it to the other rebates given to other member states the united kingdom is not getting a good deal out of europe you know this is a time when the united kingdom is having to face some very very difficult financial decisions because of the very large defic

five plus one mean to me united nations security council related global responsibility, europeans like to prefer three plus three which means the european union is the major player. i'm nervous about that, if you are europe you had better say three plus three otherwise you will not be served your dinner. five plus one, of course, it is important to keep on. i think u.s. should not do what it has done, hide inside this group. u.s. has now tried to take responsibility. to change, to start with its relations with iran. isn't it time now to sort of give up on the occupation of the u.s. embassy in connection with islamic revolution 1979? should the iranians try to forget the shooting down in the gulf of iranian airliner. we have i think americans who remember iran was not part of 9/11. it is very difficult to me what the problem would be with diplomatic reelses with iran. there was no problem for the u.s. to have roosevelt, truman relations with stalin, but stalin is something much worse. there is a sort of nervousness to be in touch with something, which is not totally wonderful. what i th

with their household budgets local councils doing the same and even our own national government here in the u.k. i think it is absolutely right to expect the european union to try and trim some of its very large budget a budget that will increase to around one trillion euros up to two thousand and twenty so there is certainly room for efficiency savings this is an entity which has failed to have its own account signed off for the last seventeen years it's i think a wasteful inefficient entity why i think it's completely in order for members of parliament from both the left and the rights in the u.k. to represent their constituents and say to the government that they should stand firm in brussels get the best deal yes of course but we believe that from last night certainly the majority of parliament believes the best deal is actually seeing a real terms reduction rather than a freeze which in reality means new cash hundreds of millions of pounds billions over the next seven years going to that as i say is wasteful inefficient and prophets i think it's politically smart for the government and i'm a member of the governing party to actually be in touc

the first european nation to do so the french president francois announces that the syrian opposition coalition will act like a tin government in the future is it once the syrian national council has formed a transitional government then the whole issue of the supply of arms from will be looked at now this does point to the recognition earlier of six gulf states who recognized this opposition coalition we also heard from the khatami foreign minister who say that the recognition who are obstacles to securing arms but for syrian rebels a particularly important point to make is ever missing is an exact parallel to what happened back on march the tenth two thousand and eleven when france became the first trying treat to recognize the national transitional council in libya that was because into the rebel fighters there it recognized them as libya's only just in the government i mean children after that he did witness foreign intervention in libya the arab league has given his it and welcome to the new coalition and it says that it is a crime we need to shoot it but it has stopped short of witnessing it as the legitimate because it had to of the syrian people there are many question

he has also served as special assistant to the president for southeast european affairs on the national security councilhill received the state department's distinguished service award as a member of the u.s. negotiating team in the bosnian peace settlement and was the recipient of an award for his work on the kuntsevo crisis. ambassador will serve as a peace corps volunteer in cameroon. he graduated from bowdoin college. they sent gentleman, i would like to take a moment to recognize these gentlemen for all the work they have done for the united states in asia and around the world, so if you could just give them a round of applause. [applause] we will have a conversation about different issues in asia, and i will start with a few questions. we will then go to the audience later on to entertain your questions as well. gentlemen, the first question i would like to start with is a question about asia as a strategic priority. the question i would ask is, as assistant secretary of state for east asian and pacific affairs, each of you or among our country must highest-ranking policy makers on asia. in retros

challenging relationship with many countries in european and around the rest of the world for a long-term. there is a good reason we have a security council which has some power and influence and a john -- general assembly which doesn't. we do not want to be in a world where 51 percent of the countries could make a decision on countries that mean life-or-death. >>shepard: what does it mean to the rest of the arab world to see this sort of a declaration from the john assembly? >>guest: what we are seeing, hamas is strengthened and egypt's new leader is strengthened. if general, what this will stay, it is the united states and israel again are laying into the whole nation that widely espoused that there is a zion conspiracy, so is just going to be another feather in that cap. in terms of analyzing the situation, the reality is with or without this, that is the sentiment on the street and not any major change in that opinion. >>shepard: thank you from washington, dc, mike barrett. >> most of the pork you eat is contaminated with dangerous bacteria. the real danger isn't just from the "bugs." it is from what the farmers are intentionally putt

european missile defense after the election. administration is denying report of post election u.s. talks and said the talks with the-up security councilon't resume until iran satisfied the inspection demand of the international atomic energy agency. bret? >> bret: wendell goler at the state department. thank you. the retweeted image in history. we will show it to you next. with president obama re-election workers at one company never had a prayer until the last one. grapevine is next. hey. hey eddie. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. so how did it go? he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. now get a $199 per month lease on a 2013 nissan altima. ♪ introducing the new droid razr maxx hd by motorola. now more than ever droid does. >> bret: now fresh pickings from the political grape grape. the nation's largest privately owning coal mining company reacted to president obama re-election with a prayer and pink slips. they read it to staff members. lord, forbiv me

european union and the quartet. it is not the position of hamas and the terrorists. they're dedicated to our destruction. >> ambassador, thank you very much for joininging me. >> pleasure, pierce. >> joining me is the palestinian legislative councilnumber of the plo executive committee. welcome to you. >> thank you, pierce. we just heard from ambassador michael oren, very strong words saying this is entirely down to hamas and the grip that hamas now has on the gaza strip. what is your reaction? >> that's not only disingenuous, but it's very misleading and it has very little to do with the truth, but we're used to the israeli officials' spin. actually before hamas took over in 2007 the israelis continually used gaza as a firing range, shooting at will, killing, destroying. in 2008 and 2009 they killed 1,440 palestinians and mainly civilians. today they're killing over 30 palestinians mainly civilians, children and women and at the same time they're talking about surgical strikes and they use the label terrorist. every palestinian is a terrorist. the real issue, pierce, is that there is an occupation that is a brutal seed of gaza. they have turned that area into a disaster area. they starve the people and they destroy the resources