and a test of chancellor merkel's for a t. of the german parliament is set to vote on whether to funnel spain's beleaguered banks. hello and welcome to our tea this thursday with me karen it's one o'clock here in moscow and there are renewed clashes in syria between the rebels and government forces with a series of heavy explosions and shelling heard in the capital opposition fighters say they are behind the latest bomb attack in damascus that killed several top officials but although there has been some condemnation that's been drowned out by stronger western calls for more action against a solid as are more if a national reports from damascus. earlier we were hearing reports that it's been a massive very intense bombing but as you can see the building is not very much damage some windows broken and actually this is all the damage as we can see from here also from what we can see from here we can understand that the explosion happened inside the building free syrian army has already claimed responsibility for what happened an

when german chancellor angela merkel addresses m.p.'s just behind me a little later on she's going to be looking to garner their support for further bailout funds for spain's ailing banking sector that without that support that money can't be released from the german treasury now speaking on german television the chancellor seems confident saying that we always get the majority that we need however there are rumblings of discontent among m.p.'s here in berlin we saw a minority vote against the new bailout fund that minority coming from under merkel's own center right coalition we've also heard from the opposition social democrats who have told mrs merkel that she shouldn't just rely on their support that she's going to have to make a valid case and prove to them the third the bailout money for spain is in the best interest of germany now the heartland for bailout money is the wealthy southern region of bavaria there taxpayers and politicians alike one thing most is merkel to prove this not only is germany giving money to spain in the be

german chancellor angela merkel is forced into over a u. turn is eighty and spain when they're fined for lower boring rates on bailout loans . that the european union's embargo on a rainy and oil cake centerra brown says it's been stockpiling money and goods as a buffer against sanctions from. hello and welcome to our c twenty four hour news live from moscow i'm here with the latest news and a review of the week's about it's a transitional governing body is the latest solution put forward to end syria's bloody internal conflict that idea was agreed at an emergency international meeting held in geneva on saturday then verses of the new plan is for syrian people to decide the fate of the country for themselves with no demands for regime change this kind of has been following the events. it's been a diplomatic roller coaster from the start it's been going through ups and downs and even before this conference in geneva when russia's foreign minister sort of met with hillary clinton in st petersburg after that meeting he said she changed her pos

merkel is traveling with representatives of major german companies. last year, trade between the two countries was around 7 billion euros, a 12% rise on 2010. the outlook is good. indonesia is especially interested in german machine tools, cars, and chemical products. but the president as word about the debt crisis in europe, an important export market for indonesia. merkel tried to reassure the president and pointed to indonesia is recent economic history. >> indonesia understands the situation very well. it went through difficult economic times at the end of the last century, and the indications i have talked to have pointed out that crises like these are a long time in the making, so they cannot be cleared up in instant. >> indonesia is reportedly interested in buying more military hardware from germany. jakarta is said to be looking at german leopard tanks. but it is still unclear whether a deal will go through. on the sidelines of the political talks, merkel also made a plea for religious tolerance. in jakarta, she visited a church. christians ma

it in spain shall break through after coercing germany's angela merkel into accepting a bank bailout scheme forcing her on the defensive at home. and with a budget in the sands defies a police request in london to turn up and be extradited to saying he will stay safe and i could always embassy until a decision is made on his asylum request. than a back at the past seven days top stories and the latest developments this is the weekly on r.t. a transitional governing body is the latest solution put forward to end syria's bloody internal conflict the idea was agreed at an emergency international meeting in geneva the new plan neither lays down a political process nor contains demands for regime change allowing syrians to decide the fate. of was following the geneva talks and spoke to my colleagues about it a little earlier here on r.t. . it's been a diplomatic roller coaster from the start it's been going through ups and downs and even before this conference in geneva. russia's foreign minister said. clinton in st petersburg after that meeting he said should change their position but th

independence party leader says that merkel had her own reasons for making that concession. it is perfectly clear that the brussels machine does dance to the german tune and smaller countries are very frightened of going against really in the end what angela merkel says the focus always is on germany you know will merkel blink or not but what germany is saying is that all the member states of the euro zone should abolish their democracies should have their independence surrender their birth rights and give it all to a super bureaucrat to push on to a full fiscal union to a full political union indeed to be union that will be absolutely dominated by germany and by some magic formula giving away control of everything to one person will solve everything. no could face a strong backlash in her homeland where some lawmakers filed suit saying that this compact intrudes on the powers of german deputies and that a grassroots level of the german people who drive the economy are unhappy about a given bailouts to other nations as well as he's accountable for. it's a job interview with

tempus the hour here in moscow this is the weekly german chancellor angela merkel dubbed europe's of prow nine was seen to taste defeat for the first time in years it was decided at an e.u. summit to give brussels the power to pump the e.u. taxpayer money into failing banks at will all of this without having to get the permission from governments and something that fiscally conservative germany had staunchly opposed but was forced to relent over the leaders of spain and italy were especially happy proclaiming a breakthrough this week also saw the ratification of europe's new bailout cash pool and deficit laws but european parliament member nigel farrar doubts merkel gave in to anything she didn't already agree with you it is perfectly clear that the brussels machine does dance to the german team and smaller countries are very frightened of going against really in the end what angela merkel says the focus always is on germany you know will merkel blink or not and what germany is saying is that all the member states of the euro zone should abolish their democracies should have polish t

italy and spain shall break through after coercing germany's reluctant angela merkel into accepting a bank bailout and support program for struggling. and was a blow julian assange defines a police request in london to turn up and be extradited he says he'll stay safe in ecuador's embassy until it is surgeon is made on his asylum request. with the top stories of the week and of today this is the weekly with me wrong research in a transitional governing body the latest solution put forward to end syria's bloody internal conflict the idea was agreed upon at an emergency international meeting in geneva a new plan that neither lays down a political process nor contains demands for regime change allowing syrians to decide for their fate while you're going to joins us live here in the studio to tell us more about this ultimately being called a set of crisis talks i think to enforce the urgency of this crisis conference which you say you just got back from geneva at three o'clock this morning you were there at the conference ultimately witnessing what some are calling make or break situation

mario monti and angela merkel meet after last week's show them. found the dog particle they were looking for. >> fashion week in berlin. the beautiful people are out in force as another season hits the catwalk. >> last week, they seemed like foes, but today, friends. german chancellor angela merkel and italian prime minister mario monti put on a show of unity at talks in rome today. damage europe's debt crisis topped the agenda. monti insists his country will not need bailouts because of public finances, he predicted, the will be improving. >> the meeting offered a different mood compared to last week when the leaders were at odds over sharing europe's debt. >> a meeting to clear the air. after last week's eu summit, much was made of angela merkel concessions to her italian counterpart. the two leaders appeared to resolve differences. >> italy has taken important steps to set the course within a very short space of time. the prime minister made it clear that further measures will be decided in the coming days to complete the process. >> i have ass

it's all in spain shall break through after collapsing germany's angela merkel into accepting a bank bailout scheme forcing her on the defensive at home. european union's iran oil embargo kicks in on the heels of washington's own sanctions but iran says it's having no trouble setting thanks to america's extensive list of exemptions. with a look back at the past seven days top stories and the latest developments this is the weekly on r.t. a transition governing body is the latest solution put forward to end syria's bloody internal conflict the idea was agreed to in the mergence the international meeting in geneva the new plan either lays down a political process no contains demands for regime change allowing syrians to decide their own fate. has been following the geneva meeting. it's been developed out of control costs or from the start it's been going through ups and downs and even before this conference in geneva one russia's foreign minister said you are often met with hillary clinton in st petersburg after that meeting he said she changed her position but then she wasn't we were

chancellor merkel is aware of them, of course, and is not convinced by them.ar more important is the possible influence of moody's, warning that germany could lose its aaa rating because of its exposure to weak southern european economies. that will strengthen chancellor merkel's resolve not to give any more cash to greasece until it elements reforms. i think there's probably secretly rejoicing about the chancellor's warning because it strengthens her hand against european partners and the likes against -- the likes of george soros who would like to see germany put up more money up front. >> thank you for the analysis. with solvency concerns mounting, business confidence in germany continues to fall. >> the closely watched business climate index is at its lowest level in two years. >> economists regard the monthly survey of around 7000 managers as the most important gauge of german economic sentiment. july's survey has fallen for the third month in a row. many german companies report real orders are not matching annual targets. companies like engineering firm

merkel has no comment. let's see if we can get a comment from our own political correspondent, standing by. the indonesian product -- the indonesian president has promised that such tanks would not be used against his own people. the guarantee will not stop opponents from talking. >> that is right. critics of the deal have been registering protest today here in berlin -- protests today here in berlin, pointing out that indonesia has a bad human-rights record. these weapons have been used against indonesian citizens for many years. there are rules in place to prevent german weapons being exported if they are going to be used in the wrong way, but some opposition politicians are calling for this matter to be debated in the the bundestag. -- in the bundestag. it is hard to allay concerns to rest, quite apart from the fact that the german government cannot control what goes on in faraway indonesia. indonesia is an increasingly important country economically. it is a member of the g-20. it has a very dynamic eco

merkel and mario.bought short-term breathing space because there's going to be some support for the italian and spanish banks over the next few months if they get that funding. and it's not going to be blocked. that's what merkel conceded. we haven't really sold the question of the fiscal union, a banking union and getting growth back in europe. so the issue is -- big issues are still facing the leaders within the eurozone. >> okay. let's leave it there. we'll come back to these topics throughout the show. we're going to take a quick break. we'll be looking at the commodity market coming up when we speak to a guest who says all commodities are facing headwinds. find out why after this break.  >>> so looking at where the commodities are, especially oil and metals. nymex is $87.21. brent down by 0.6%. gold flat, really, and silver up by 0.3%. copper losing about 0.3%. let's get up to warren gilman who believes all commodities are facing headwinds. still bullish on gold for medium term n

for angela merkel, a peaceful resolution means the syrian president should step down. >> the best outcomeould be a governing power in syria are arrived at peacefully that would perform a conciliatory function -- the governing power in syria are arrived at peacefully. it is important to achieve that through dialogue, and at the moment, that is very difficult. >> there are fears the growing violence in syria could spill over into lebanon. a number of clashes have already been recorded along the border. lebanon is doing everything possible to fix it. >> the chancellor has asked a lot of questions about the region as well as lebanon. i have assured her that the situation in lebanon is stable. >> on that, germany says it can help. it has promised to help boost security along lebanon's border with syria by offering training and technical assistance. >> there is renewed disagreement between germany and syria's ally russia over how to handle the syrian president. >> after talks with his german counterpart in moscow, the russian prime minister revealed his country had turned down a german proposal

chancellor merkel is in the italian alps, and still concern is growing over the euro crisis. from her vacation retreat, merkel issued a joint statement for french president francois hollande. both pledged to do everything in their power to stop the 17- nation eurozone from breaking up, but it remains unclear what their intentions are. there is growing speculation the european central bank could begin buying up the bonds of highly indebted eu economies. the french prime minister supports such a move. >> i am sure that would help calm the markets and lead to lower interest rates for spain and italy. >> but german lawmakers are not thrilled about that kind of rescue initiative. merkel's conservatives and the opposition fear the consequences. >> we stress the importance of the ecb not buying up other nations' debts on a large scale. we have no control over the ecb. it acts independently. i say it is unaccountable, and they have no requirements for the individual countries. >> the ecb board meets next thursday, and it is hoped the poutcome will bring more clarity to the overall ef

from the glue merkel's wrong to have made germany responsible for spain's mogul one hundred seventy two because of his right in an open letter to the more in the business of twenty. thank you for joining r.t. at this friday with me karen terrell broadcasting to you live from the heart of moscow while shelling continues in the syrian city of holmes as u.n. monitor the violence in the contrie house reached unprecedented levels more than one hundred people have been killed in the last three days our correspondent for national heard heavy artillery herself as she toward the war torn neighborhoods of homes. in. these parts of hundreds to maybe back on the syrian army control but their patrols never stop soldiers are searching house to house they're looking for terrorists or snipers but that's not what they usually find. some people in their homes became their grades too and this room look human bones but at least one person. who seems to have been burnt to death. in the next house we find three more charred skulls. activists claim up to eight hundred thousand people have been killed since th

this week saw the german chancellor angela merkel returning from the e.u. summit defeated for the first time in years have agreed to allow the european bailout fund to file money directly to struggling banks germany had strongly opposed this option but was forced to give in after insistence from spain and italy canonic analyst michael ross says the decision will cost the germans a lot but will not fix the euro zone's or problems. this will make no way we have a very big problem a very huge problem and it is not solved as well as a matter of fact i call it unconditional surrender of germany which we witnessed in brussels the southern countries with the new euro zone finally got the credit card that they're always wanted a credit card for whom the german pick taxpayer has to pay and very interested in the question how long germany would do this the tax burden in the future will become very very high and i know already of people who are keeping the country because they have fear that the tax will become higher and higher and to germany has to pay at the end of

saying it violates the country's constitution risk consultant john hulsman says chancellor angela merkel is finding herself with little room to maneuver. what's going to happen is that they're going to have to backstop the hundred million million dollar loan to spain which means the german taxpayers will be indirectly responsible and what the court case is about is the court gently telling the prime the prime the chancellor to slow down because we live in a democracy and if there's any change in liability where power is devolved to brussels and directly the court says that the germans have to consult their parliament and indeed may have to have a referendum the last thing mrs merkel wants is to go to the people on these issues where obviously giving people money without conditions is not wildly popular mrs merkel has to tread very very carefully and this is the problem she's pressed by outsiders to give more money she's pressed to medically to give no money and eventually the rock in the hard place are going to lead to an almighty bang part of the problem for her and she's in a terrible

is just misguided there everyone in europe is expecting merkel to be able to do all of these things she can't she can't can't there she wanted to there's not enough money i mean she's not miss universe she can't save everybody and it's very questionable if we're at that point where anybody can really be saved anymore might sound like i appreciate you being here to talk about all of that remains to be seen to you if that report that the i.m.f. wants to dump greece as soon as the e.s.m. is all approved is going to hold hold hold muster if that is actually true that i that came out with a kind of weird cryptic statement after that so we'll have to see but thanks so much that was mike said like investment advisor for sick of pacific capital and that is all we have time for that's our show today thank you so much for watching and make sure to come back tomorrow and in the meantime you can always follow me on twitter and you can give us feedback on you tube dot com slash capital account. or catch any shows you messed up missed on a clue at hulu dot com slash capital das account from every

coming out of europe and it's a good point people don't know these days how to weigh the mood angela merkel may be in when they're making their investment decisions which is something you have to factor in increasingly arguably meanwhile u.s. treasury yields today eric they fell to an all time record low on all ends of the spectrum the ten year traded below one point four percent to thirty or below two point four eight percent but instead of being lulled to sleep you do not think the u.s. should be asleep if you think that the u.s. should learn from a cautionary tale from the extinction of the irish elk first eric what happened to the irish. well the irish elk was a was a maladaptive species ultimately so the irish elk. had enormous antlers and the antlers were according to one theory of its other expect its extinction were a major component of the sexual attraction of the males so it was a big part of sexual selection the apparently the female irish elk dug male alex with beginners. as as that process that preceded. the the large antlered elk would have large antlered offspring and they wo

germans have to consult their parliament and indeed they have to have a referendum the last thing mrs merkel wants is to go to the people on these issues are obviously giving people money without conditions is not wildly popular mrs merkel has to tread very very carefully and this is the problem she's pressed by outsiders to give more money she's press to mess to clean to give no money and eventually the rock in the hard place are going to lead to an almighty bang part of the problem for her and she's in a terrible position is that she needs to move faster than the glacial pace of the twenty european summit so markets can move money and with a flick of a keyboard millions of dollars so she know she has to go faster but if she goes too fast there isn't due process meaning there isn't time to deliberate over this in parliament and there isn't time then and produce will review in the courts so if she does move too fast she loses the very democratic democratic legitimacy which is vital if she's going to bring germany along with her so she's stuck between a rock and a hard place tax cuts cuts and

to funnel money directly to struggling banks for the first time in a setback for germany's angela merkel after heavy pressure from italy and spain. plus the fine but undefeated julian assange refuses to surrender to british police this why the deadline for his extradition to sweden passing saying he won't leave the door an embassy until a decision on his asylum request is made. it is eleven am in the russian capital you watching r t. hopes of a diplomatic solution to the syrian crisis have risen after a major world powers agreed a peace strategy for the war torn country the new plan calls for the creation of a transitional government that could include members of president assad's cabinet and the opposition russia hailed the agreement as one that doesn't dictate a political solution for syria. has been off has been following the tan stocks between international players in geneva. they didn't manage to agree on a new plan of the transition plan as it's called the powers which do include the states and russia. we consider it of the utmost importance that this document does not seek to dict