. >>> as a government official eu also engage in the different ways in which the committee in san francisco and unique to this part of this country in the world wondering if you could kind of assistance of some of the ways in which the relationship manifest. >>> the bay area's last strong and vibrant chinese-american community. " we are doing is in the month of june together with the israel center and many of the organization's the chinese can in the jewish committee when in a cultural festival called israel china cultural festival investigate and discover all the ways which jewish culture and chinese culture actually interact can also celebrating 20 years of diplomatic relations between the people's republic of china and the state of israel. >>> when that relationship established? >>> 1992. celebrating 20 years. >>> a representative of the government of the state of israel in yourself and not how you work >>> first i think the area a slightly different from and california had the good fortune to be a few different committees in northern california since a the dynamics there. so i think alt

government. finance ministers from the euro zone gathered in brussels. while leading eu officials pled with officials not to renege on austerity cuts but form part of a bailout deal, but there was no sign they were prepared to offer the greeks easier terms. the german chancellor angela merkel was pouring over the troubled european map at a school in berlin today. she said she thought agrees could still make it, but she had a warning, too. >> solidarity towards countries like greece will only end if they say we are not keeping to the agreement. >> but the german chancellor was under pressure at home. her party was heavily defeated in a regional election by a party involved with austerity. she was told that it had driven to greet voters into the hands of extremists, but they say their policy of cutting debt still enjoys strong support in europe. >> we are profoundly convinced that this policy that was signed up by 25 member states is the only way out of the crisis. we cannot solve the sovereign debt crisis by allowing an even higher deficits. >> much of germany insists there should

government. the lawmakers also met with european council president herman von pompai and catherine ashton. eu officials announced last month that they were suspending trade sanctions against myanmar. an arms embargo remains in place. ashton met with pro-democracy leader aung san suu kyi last month. she was in myanmar to open an eu office promoting trade and investment pb. >>> a japanese city that suffered in last year's tsunami. the collective relocation in sendai city is the largest so far in a state-sponsored program to help rebuild devastated communities. the plan covers about 1700 households in the city's two wards along the pacific coast. the city will offer plots in more than ten inland lations for people who want to rebuild their houses. the relocation will cost sendai an estimated $750 million. the money will cover buying the land where the residents formally lived and developing the inland sites. the city will submit the plan to the central government later this month for approval. city officials hope the relocation will be completed by the end of 2015. >>> with less than three months to go be

governments. there has been a move by the eu to cut, these austerity measures that are really painful and no one likes. now we are seeing the new governments and new officials we don't need to do all of that. >> at least as a campaign measure that's exactly what they are saying. democracies, this is the way it goes, you have unphror policies that are agreed to by burea bureaucrats and politicians that in are power. it seems there was a relatively neat solution here. you have bailout funds in exchange for budget austerity and that is now being called into question more broadly. jenna: they are crossing their fingers. that's what they say any way. as you point out that's what the government officials are saying now. we'll see what happens when they get into office and have to deal with all this. mike thank you very much. jon: it was one of the big events of the week just passed and the news media mid a big deal of it, president obama's support for same-sex marriage. our news watch panel covers the coverage coming up. plus, an american astronaut gets ready to blast off for the international space station hitching a ride on a russian spacecraft. onal constipati

this new government will be pressing very hard to renegotiate the bailout term and there's still a gap between what the greeks are hoping for and what the eu is hoping for. repeat lid eu officialsre is no room for renegotiation. >> let's get a final thought from our guest host. so much bearish news from it's coming from the eurozone, jpmorgan, china slowdown. is there anything to be optimistic about going into the second half? >> paradoxically, i think the very fact that we have quite bad news and the consensus is again shifting towards a risk offside is an indication that we're still what we call in this transition phase from a longer term picture where we're still possibly in an early phase within one market. because you don't have a clear consensus that we are, a in, a bear market or, b, in a bull market. >> so what do we need for clarity? >> by the time we get that, we should be thinking good getting out of it. so you should be patient. i don't think it's something that will change over the next quarter or six months. >> so trading strategy? >> right now we're hugging the benchmark. this is our basic position. and we're more inclined about there is another extreme dip beyon

government officials. last august the sanction's program focused on the entire government of syria as a whole including the central bank of syria. this effort has been undertaken, again, in conjunction with an effort that the eu has undertaken too apply financial pressure and sanctions on syria, that turkey has undertaken to apply sanctions on syria, and that, i think, importantly that the arab league has undertaken really the first time in the arab league history there was a decision to adopt sanctions. now what we have been doing in addition to applying sanctions under our own authorities. and we have designated close to 50 individuals and entities under the new authorities that have been created over the past year. we've been working very closely with the eu, turkey, and importantly, the arab league to improve and enhance the effectivenesses of this of the other sanctions efforts. there was a meeting ever a working group on sanctions that brought together those, you know, 50 countries attended to talk about how to more effectively implement economic sanctions on syria. there's going to be another meeting in several weeks here in washington to followup on where the purpose is to enhance, and increase the fi