the moment for scotland for an independent scotland would be to be a member of efta and the european economic area so that gives you the benefit of being in the european market with the don't side of being in the customs union a or in the agricultural policy or the fishing policy no with a nice easy solution to this is still all one we all good and all bad but i think on balance that's a good way forward but wouldn't as the unionist parties would say would not cause problems on the scottish english bottle was so hard the government were working to stop a normal irish style backstop for scotland then the european negotiations would in the circumstances an independent scotland after welcome before phnom separately there wouldn't be difficulties and trade between scotland well i think you'd need to be a deal between scotland and england in terms over yuki single market but the s.n.p. policy at the moment is if it happens and scotland becomes independent there laughter our policy in the moment is to go back into the european union i think that will present far more problems than being members of a fat

norway is a member of the european economic area and has full access to the single market in exchangeinancial contributions and accepting free movement of people. mrs may said following norway's example would not bring the outcome people voted for in the eu referendum. 0ur political correspondent ben wright has more from oslo. well, theresa may came to an already wintry oslo for a meeting of the northern future forum, an informal gathering of leaders from the baltic countries and also scandinavia. nothing is really decided here. it is just a chance to swap ideas. they wanted to hear about brexit, of course. theresa may made it clear she wants to see a continued close relationship between the uk and these countries after brexit. during the press conference she completely ruled out a second referendum and she completely ruled out another general election, but one issue she was asked about too is this idea that, if she can't get a deal with the eu of the sort that she wants, maybe the uk could end up having a relationship with the eu like norway currently does, the norway model. many tor

i think the thing they will point is norway who are in the european economic area, it was a temporaryt that their role ta kers temporary arrangement that their role takers are not rule—makers and in that —— they're still in the eea now and in the brexiteers will point to the fact that if we leave this open ended we might end up stuck in the customs union forever and unable to strike trade deals. that is the big thing. they think the opportunities that are out there from brexit the deal will not be able to take advantage of because will be effectively as they would call it still in. i think the argument the prime minister will make to them probably throughout the weekend and up to the cabinet meeting before this really crucial eu summit next week is this is supposed to be something that does not ever happen. it is supposed to be the thing that we fall back on should we not strike a deal to do to have an alternative system, and she will try and convince them that the alternative system is the thing that we are going to achieve, but the more the negotiations go on, the less convincing th

the moment for scotland for an independent scotland would be to be a member of efta and the european economic area so that gives you the benefit of being in the european market with the don't side of being in the customs union a or an agricultural policy or the fishing policy no with a nice easy solution to this is still all one we all good and all bad but i think on balance that's a good way forward they wouldn't as the unionist parties would say would not cause problems on the scottish english bottle was so hard the government were working to the stop of a normal irish style backstop for scotland then the european negotiations would stances an independent scotland after welcome before phnom separately there wouldn't be difficulties and trade between scotland well i think you'd need to be a deal between scotland and england in terms over yuki single market but the s.n.p. policy at the moment is if it happens and scotland becomes.

we would be inside the european economic area, outside the european economic area, outside the europeanopean economic area, outside the european court ofjustice, outside the common agricultural policy. in the common agricultural policy. in the limbo transition, we would still be inside them. we would be paying less because eea states pay less. and there would be free movement of people and many leave voters would say they voted leave to stop that. there would be free movement of people in the transition period, we are both talking about interims, staging posts to the final deal where we will be free of things like free movement of people. she has one proposal which is very expensive and does not release us from any of our obligations of eu membership, the alternative proposal of going to a position like norway, halfway out of the eu, substantially cutting our contributions and it would not extend free movement for any longer than she is already proposing. thank you for talking to us, unhappy conservative mp this morning. annita mcveigh is in the bbc newsroom with a summary of the rest o

country without the rights and privileges attached to being anywhere near the european union or european economic area so europe is gradually turning the screw on the u.k. and saying look this is what it's going to look like your people are going to have to put up with all of this stuff until food shortages impositions and irritations are british people who want to travel to continental europe if you come ons actually move to opposition and bear in mind and bear in mind too this all this got to get through the british parliament and it won't last a medically next learned thank you very much and dangerously in brussels. and he's nineteen people have died after an explosion and shooting at a school in crimea a russian investigators say an eighteen year old student went on a shooting spree in a school before taking his own life steadfast and has more from moscow. a series of dramatic events in the city of courage in the east of crimea at a vocational training school where mostly teenagers for getting their classes huge explosion was heard and then also gunshot wounds ambulances rushed immediately to the

the stability and crisis resistance of the european economic area will be enhanced this includes nixon in the european stability mechanism for crisis prevention but it also includes progress when it comes to the union of backs and the eurozone budget and you call the french president and myself the federal government and the financial ministers of germany and france and the summer have presented joint proposals on that and some are on the euro summit that takes place tomorrow we'll see reports on the current state of affairs on this topic no decisions will be made at this point. by the way they meet in an inclusive form at twenty seven plus the member states that do not belong to the euro zone for the federal government it is clear that in the end the overall package for a progress in the current something financial union will have to be right and only then will be agreed but it remains true that in the financial union every nation is responsible for its own budget policy and every nation euro zone is a blind to ensure stability and make reforms in terms of competitive message especial

want the seamless trade with europe, you have to be a member of the eu, or what's called the european economic areaand the eu doesn't want to do that because it comes with free travel of migrants, justice rulings. this is frankly even more important from a business and markets point of view than this issue of irish border. i think this irish border thing has got to get solved, otherwise you're crashing out with no deal but i think phase two will be more crucial for the business community in the uk. >> well laid out as usual. peter, thank you >> my pleasure. >>> still ahead, trading the volatility what you need to be watching after a wild couple of weeks on wall street. >>> and later on, jackpot fever. nobody won the powerball, but the mega millions drawing on friday will probably be above $1 billion. put your pinki itie to uryo lip. >>> all right. good morning it's 5:22. sun not yet up over washington, d.c. the world is continuing to follow the latest on missing saudi journalist jamal khashoggi. michael pompeo is back in america this morning after a fact-finding mission to saudi arabia and turkey.

why then does my right honourable friend continue to roll out membership of the european economic area? can i say to my honourable friend than what of course we are looking at in relationship to the proposals being put forward is for a limited time period to have the backstop that ensures no hard border between northern ireland and ireland. the two proposals that have been put forward deliver on that, where it would come to the situation, as proposed by the result of injuries in the uk, court decisions would have to be the take about the wider issues of the exact arrangements for the proposals. the key thing is that the proposals. the key thing is that the proposals. the key thing is that the proposals to ensure we have no ha rd the proposals to ensure we have no hard border between ireland and northern ireland. chequers is dead. and no deal is dead because there is so majority in this house who will prevent those economic and social catastrophe for our communities. will she switched toa our communities. will she switched to a time—limited membership of the customs union? history is al

actually ends up being in the softest possible brexit, meeting the member of the economic -- european economic areae norway option, and that is indeed from a market point of view quite benign. david: let's talk about italy's position. they submitted their budget. we will put one quota from mr. muscovici. they have many questions on the government's budget goals. one report said they think the eu will reject that budget. what will happen if the eu did reject the italian budget? jacob: well, if they simply reject it out of hand, you have precisely the kind of political fight the current italian government wants with brussels. they feel it gains the political points in italy. the last couple of months proved them right. since this will happen only a few months before the european parliamentary elections in may this is good news for them. any excessive deficit procedure, etc., against italy would be a very lengthy process. they can go ahead with this and have this fight play out in the media, the news headlines, until the european election. that is probably what they would like. i hope the european com

causing all european economic free trade area from lisp on through a lot of it was to put in said to me you know that's a great idea i'm very favorable i think nothing happens russia was disappointed many times. debug ninety ninety one there was a g. seven meeting about the. meter and a lawful contact needed economic support. i decided to expand the g seven seals and i have i did gorbachev much of. it was the beginning of the g eight in london called the law and me to ha said we had to help all the tough because it was in their interest to stop the u.s.s.r. becoming completely disabled if they had to help with the transition by the americans english and canadian said not and. so the big idea there came from churchill's it to graph in the beginning of his volume on the second world war and he says in victory magnanimity. the concept was if you win you then still have a world history shall go on and a magnet enemas engagement can produce a gift entirely different world then what happened after world war one with first sight and an onerous peace which then left a sort of a see the in ge

prosumer forty primos co president of the european commission of moscow proposing all european economic free trade area from loose plan to the most potent threat to me that we're going to go there and bring favor of but nothing happened russia was disappointed many times. but also debug ninety ninety one there was a g. seven meeting of a really cool meter on and a lot of old copper track needed economic support. so i decided to expand the g seven and i have voted gorbachev much of should always be it was the beginning of the g eight in london called the law and meet our set we had to help gorbachev because it was in their interest to stop the u.s.s.r. becoming completely destabilized if they had to help with the transition but the americans english and canadian said nothing. so the big idea there came from churchill's would be graf in the beginning of his volume on the second world war and he says in victory magnanimity. so the concept was if you win you then still have a world history surely go on and a magnanimous in gauging that can produce a gift entirely different world then what happened after wo

lived in safely to having a deep one in touring and has depended on the entire economic area of our exports go to other european countries sixty of our companies are global market leaders that means we are doing extremely well in certain industries. that would be jeopardized if xenophobia and racism were to become a part of everyday life fairly for one's skin foot a question for the ring it also has a huge demographic problem like an assertive a million or about to retire out of a population of a little over two million. yet to come here by these if we can't entice people to settle here work you're not contribute to society here if we fail to make the state in the appealing place to do business in the heart of europe then we're going to have a long term economic problem that doesn't let's talk a little about you know latin and you are from the west and have lived for many years in the east perhaps have attributes in both worlds and easterners unless there is actually different idea of what they see aussies i'm guess yes they are they still i think i can really see it. brought up differently in the two halves of

. >> well, the european central bank takes this situation on the basis of the economic developments, especially the price stability objective in the euro area in its entirety as a whole. and regards the future path of discussions on the italian public finances, that's something for the european commission and the euro group. in other words, the other euro area member states together with italy to deal with this challenge on the basis of the revised rules of economic governance of the european union. >> let's stay with the bond markets. overnight we had another surge in yields in the united states how concerned are you as a central bank governor in the eurozone that this could lead to an unwanted tightening in the eurozone as well because people think, okay, they ditch eurozone bonds in favor of the states bashgs yecause it gi more yield >> the key issue is how we can in a sustained manner achieve the price stability target of the ecb, which is below but close to a period. that is what we can achieve in the medium term in a sustained m manner >> arethere are a couple of headwinds here now that weren't here in 2017 how do you feel about the g

countries and economic experts found at the european battery alliance to encourage sustainable the average production in the block. the world's poorest areas are also the ones where population is growing the fastest that's especially the case in the african continent according to a recent report from goalkeepers an organization under the bill and melinda gates foundation that keeps track of and for progress towards the un sustainable development agenda it says that by twenty fifty almost ninety percent of the world's population is going to live in this area and subsaharan africa many of them are going to be in the democratic republic of congo and in nigeria violence political instability and discrimination against women prevent the region from achieving sustainability but the study also has some good news it claims that over one billion worldwide have been able to escape poverty over the last eighteen years and classifies anyone earning less than one dollar and ninety cents per day a suffering from extreme property. agriculture in the digital age these days technology enables some farmers to improve their yields and increase profits but ma

european union. egypt has seen many challenges in the area of the mediterranean which we would have to cope with the water what i do appreciate is on ties regarding order for the economic relationships development trail we are also supporting each other when it comes to combating terrorism and our conversation has again underlined that international efforts need to be undertaken against terrorism which is a threat to the world as a whole lot of the military cooperation is also important when it comes to border control and again today combating terrorism where egypt is playing with a major role that egypt has also been housing millions of refugees within our borders despite that we're still trying to prevent illegal migration to europe which we are doing starting from twenty six change in the year so in motor control that is important but cannot be the only matter that helps we need economic development in the country as well as the shape that it is sensible to do by the fear that the crises in the middle east that we keep witnessing. out also. the subjects that we're discussing we flocked in march of two different options which exists and we've seen that it's very impo

european leaders mentioned mentioned them earlier. can they continue to apply pressure in some way economically and politically i think they can and they're probably well because they have bigger agendas with saudi area that needs resolving and in particular yemen i think the general public in europe is growing very uncomfortable with with what's going on in yemen and there's a lot of pressure on leaders to act particularly in contrast like italy germany netherlands who really do not see eye to eye with the saudis on a number of human rights issues so they will be as. acting i suspect britain will take a backseat on this as they have been so far they will try and limit the damage as much as possible because again like the united states they rely a lot on trade relations with saudi arabia right sultan but of course so good to get your analysis thank you thank you now hashtags coming out of verse saudi arabia related to the shoji case have been trending worldwide every day since this one of the year two men dismissed by the crown prince has been dubbed the minister of this information by critics so high that is here to tell us more about that or has and that is just many one of many names in fact solid

arrangements between us, such as the common travel area, which has existed since before either the uk or ireland ever became members of the european economics one this house emphatically endorsed and enshrined in law in withdrawal act earlier this year. as i set out last week, the original backstop proposal from the original backstop proposal from the eu was one we could not accept, as it would mean creating a custom is bordered on the irish sea and breaking up the integrity of our united kingdom. i do not believe that any uk prime minister could ever accept this and i certainly will not. but i said in my mansion house speech, we chose to leave and we have a responsibility to help find a solution. earlier this year we put forward a counter proposal for a temporary customs territory for a temporary customs territory for the backstop. and in a substantial shift in their position, lee—lo now actively working with us on this proposal. but a number of issues remain. the eu argue that they cannot give a legally binding commitment to a uk wide customs agreement in the withdrawal agreement. furthermore, mr speaker, people are understandably worrie

european union funds invoke area. how to promote long term sustainable prosperity the twenty noble economics prize goes to two scientists to explain the interaction between economy technological innovation and global warming. and the international energy agency says renewable energies going to solo to meet climate goals with carbon emissions actually growing for the second year in a row. this is your business update i'm headed home free i'm glad you could join me the noble economics prize is going to two americans and the topic is very current governments continuously encourage us to spend economies strive to grow and we all have to be more productive but at what cost to the world we live it well this next pair of economists has won the on or on quite a bit of cash for research linking economic growth.