and they can make the reforms the lisbon treaty without having any kind of referendum inside countries and michael's going to try to persuade cameron that it's a good idea to push those changes through without asking the people now that's not going to go down very well here in the u.k. because there's already a big movement underway to hold a referendum about whether the u.k. should be a member of the european union at school so that's going to be very unpopular. we already seen two german m.p.'s accusing britain of being self-centered and shortsighted about the consequences of the consequences even for the u.k. economy of a collapse of the euro. the u.k. is being pretty quick to criticize but very slow to act to bail any of these countries out and we've also heard the prime minister of luxembourg this morning saying that heavily indebted countries like britain shouldn't be advising shouldn't be dictating the response to the euro crisis tension is just keep their mouths shut we are also seeing a lot of friction between the two about this possible financial transaction tax which has bee

we have made decisions and imaginable i mean until two years ago for example if we change the lisbon treaty for example it was a few it is a new front let's say on the bailout clause also now there is a barrier so that we need to have a for just a return to the lisbon treaty to have a more fertile structure but it can also look at the conclusions from two weeks ago where they said look we need to have a separate euro zone council we need to have be much stronger government of course it should have been decided much earlier do you agree with this but you really are somewhere i mean in the same situation as the united states was in a civil war in the mid nineteenth century i mean we are in a form of an economic growth not a good healthy economy turning out and the good. senselessly that we will start to have a more civil structure the key thing has delegated out sepals most common the sovereignty gradually moved to the european level and is no longer national there i want to do the second part of the program rather than i had to we've elected go ahead robert jump in so often seen as not move

bailout clause also now that is a debate or say that we need to have a further is to change the lisbon treaty later to have a more federal structure but it can also look at the conclusions from two weeks ago where they said look we need to have a separate eurozone gansler we need to have be much stronger government of course it should have been decided much earlier i fully agree with this but you really are somewhere i mean in the same situation as the united states was a civil war in the mid nineteenth century i mean we are in a form of an economic guts not a good healthy turning out and the good. sensor i said that we will start to have a more survivable structure the key thing here is the latte that separates most common of the sovereignty gradually moved to the european level and is no longer national and i want to talk about charging the second part of the program rather than i had a look at how we've elected go ahead robert jump them so often team has not moved to a center which is unaccountable which has been a root cause of the disaster which is in unfolding power should be returned t

a whole never mind letting the germans and the french and whoever wants to make changes to the lisbon treaty what would amount to two major changes so that there are several sources of tension i'd say the one of the major sources of tension is the role of the european central bank the british and the french want european central bank to be able to lend money as a last resort angela merkel says she says that would involve the printing of money and and also inflation which germans are petrified of as a whole there's also a big rout growing about this. finds out the financial transaction tax which people here are calling a robin hood tax take from the rich and it gives to the poor loans of course is a major financial center next got that way by having slightly looser regulations than other major financial centers that's become a haven for big investors the germans once this financial transaction tax they say would raise valuable revenue but chancellor of the exchequer here in the u.k. george osborne he calls it the bullets aimed at the heart of the city of london some in the u.k. think that fro

those who would be cheaper and imaginable you know to do years ago for example if we change the lisbon treaty for example or to institute this new found let's say on the bailout clause also know there is a debate or say that we need to have a third is to change the lisbon treaty later to have a more federal structure but it can also look at the conclusions from two weeks ago where they said look we need to have a separate eurozone gansler we need to have be much stronger government of course it should have been decided much earlier do you agree with this but you really are somewhere i mean in the same situation as the united states was for the civil war in the mid nineteenth century i mean we are in a form of an economic god's not a good healthy turning out and the good. sensor i said that we will start to have a more survivable structure the key thing has delegated out there sepals most common at the sovereignty gradually move to the european level and it's no longer national but i want to talk about charging the second part of the program rather to have a look at it we've elected go ahead r

have made decisions for so beach were unimaginable two years ago for example if we change the lisbon treaty for example it was a new foreign policy on the bailout clause also know that as a bailiff we need to have a third is to change the lisbon treaty letter to have a more fertile structure but it can also look at the conclusion from two weeks ago when he said look we need to have a separate eurozone council we need to have be much stronger government of course it should have been decided much earlier i fully agree with this but you really are somewhere i mean in the same situation as the united states was at a civil war in the mid nineteenth century i mean we are in a form of an economic it's not a good healthy turning out and a good. sense that it had to be will start to have a more survivable structure the keeping has delegated out there exceptions most common at the sovereignty gradually move to the european level and it's no longer national that i want otherwise argue the second part of the program rather go ahead look at how we've elected go ahead robert jump himself and he was not m

. >> solidarity with the rest of the world. >> reporter: the lisbon treaty, 784 pages which had ratified by all 27 eu members, one reason the eu has never been the definition of agility. now it badly needs to be. the bigger question, can the less dynamic economies of southern europe be made to behave like industrious germany? if not -- >> the core countries will say that was the best shot we had. these people are just not going to do what they're supposed to do. we're not going to allow the european central bank to print money to bail them out. we're not going to change our own policies. actually one way or another we'll have to dismantle this. >> reporter: if the euro zone can be saved by binding its members tighter together, what about the eu members, britain, poland and sweden that never adopted the single currency. they'll be even more out of step. the euro may survive but the european union may begin to fall apart. cnn, atlanta. >>> a week before parliamentary elections in spain, protesters are back on the streets and young people are among the most frustrated with the curr

. >> solidarity with the rest of the world. >> reporter: the lisbon treaty, 784 pages with annexeswhich had to be ratified by all 27 eu members. one reason that the eu has not been a definition of agility. the bigger question can the less dynamic economies of southern europe be made to behave like industrious germany? if not -- >> the core countries will say that was the best we had. these people are just not going to do what they're supposed to do. we're not going to allow the european central bank to print money to bail them out and we won't change our own policies. so actually one way or another, we have to dismantle this. >> reporter: but if the euro zone can be saved, what about the eu members like britain, poland and sweden that never adopted the single currency? they'll be even more out of step. the euro may survive, but the european union may begin to fall apart. >>> and there is more on the euro zone crisis on line. go to our web page at cnn.com. >>> well, stocks rose in asia after japan's economy grew for the first time in a year. and the nomination of a new prime ministe

european commission the role of the european commission has changed following the adoption of the lisbon treaty and there is no new structure for meetings of station and government and of course there is a new office now. two new offices in fact 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 are seen as a universal means of solving 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. the 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 money is some kind of a silver bullet that will result in financial difficulties in europe financial difficulties

institutions more legitimacy but as we've seen with the constitutional referendum some of the lisbon treaty votes for a more democratic europe and europe becomes the more difficult it may be tended to advance the fortunes of the union ok vernon it seems to me the european union just keeps asking the same question over and over again and then only until they get the right answer is the european union more democratic now. i think it's not necessarily more democratic but your having a popular revolt against the system is being made by elites that mattered less fifty years ago when europe like other areas was much more deferential and people did what the leaders said now these days the leaders can only lead as long as the followers are prepared to follow and when as now the followers are no longer prepared to follow the leaders will find it very difficult to lead and i wonder what democracy can really mean in seven twenty seven member states a union of twenty seven member states have such great diversity i mean do people in britain really feel they have anything common with those in portugal or