and if mrs merkel says the logical thing well the spanish have talked terms to mr avoid looks like either a fool or a liar and so the problem with the system is one of the two of them is wrong if not both of them but if indeed mr rove were right it would mean that every other country with a bailout would want these new terms meaning the whole thing would revel very quickly and look at the greek elections in this last week for the far left the rise of party to say you see we can get better terms that we just hang in there negotiating just absolutely untrue john i was one finds your thoughts time spent on the program and my pleasure. israel is attending dozens of african migrants in the first stage of the leadership's plan to the pulled of a four thousand people from the country itself the government initially welcomed the refugees who were trying to escape violence in their homeland but as nazis pulled asli if they faced the strife upon their return home. i thought that even though the sudanese are a cancer in our body the will do everything to return them to their alliance strong words fr

austerity policy of mrs merkel in the norse of europe but at the same time i mean every normal thinking european will face of the german french mortar or the german french allies alliance is the key alliance for europe and if this breaks apart then . the whole european idea that the german french motor and the german french alliance and corporation is very important and if you look back to the the surpassed even twenty years you always have seen even attempts even by the french to say that if things will go bat let's start to create a common a common state together those germans in order to save europe what i would argue is that in germany and in france there dia of keeping this europe as it is even strength and it's this is key it's still without a turnip if and it will stay for a couple of time is there such a thing as euro skepticism i mean as a serious thing in germany is there sort of a year for the business market for example i don't text it in germany because the germans so far have won from the or because germany is producing something here on its territory. other than other cou

and per their money without conditions mrs merkel has a very tough political scene ourselves and if she were said to just give the spanish one hundred million euro the people in germany would think she lost her mind sort of course they're going to be conditions of course the trick is going to look over spanish banks of course there's going to be conditionality the level and the spanish and what's happening is you see the politics of this getting harder and harder mrs merkel needs that conditionality the spanish government can hope to survive if there is that conditionality they've lost control of the story and they're beginning to believe this nonsense the crisis has followed a pattern they're going for any bailouts for greece of portugal ireland no strain and what's happened is that after every bailout the amount of time it takes the markets to read the fine print realize that indeed this is nonsense it isn't also get smaller and smaller and smaller so you're going from two months to two weeks to two days and in the case of spain it took literally two hours for things to turn around th

and the spanish and what's happening is you see the politics of this getting harder and harder mrs merkel needs that conditionality the spanish government can't hope to survive if there is that conditionality they've lost control of the story in the beginning to believe this nonsense the crisis has followed a pattern they're going for any bailouts for greece portugal ireland no strain and what's happened is that after every bailout the amount of time it takes the markets to read the fine print and realize that indeed this is nonsense it isn't also get smaller and smaller and smaller so we've gone from two months to two weeks to two days and in the case of spain it took literally two hours for things to turn around this is by far the end from the from the end of the story. but it's now joined on the business desk the traders here in russia have returned to the desk today what awaits them that yeah well they have to digest a carrier that solved having three days off including fun day of cold in their absence we have the bank balance of one hundred twenty states. billion dollars. we're reall

mrs merkel said a few weeks ago even the german economy in itself is not strong enough to support all these burdens coming out of countries like greece portugal ireland small countries but now we're talking much bigger game we're talking about spain and italy my feeling is that mrs merkel will keep to a point and that she won't. give the german credit card if you allow me to put it that way to the other countries without having sufficient degree of control over what these other countries are doing in terms of expenditure and economic policy in general but it's quite clear that one of the basic elements that is present in the german attitude is that they fear that if. the pressure on these trying to change their economic structure to rein in their government expenditures in all the other structural things they need to do if that pressure is lowered they won't do anything. greece has now asked its bell out paymasters to soften its loan conditions saying the e.u. should respond to the sacrifices its people have made by the very idea of renegotiating renegotiating bailout terms has been s

well my feeling is that mrs merkel will keep to a point and that she won't. give the german credit card if you allow me to put it that way to the other countries without having sufficient degree of control over what these other countries are doing in terms of expenditure economic policy in general now if the italian and spanish boring costs have again risen after merkel's tough comments against euro bonds and there's a view the germany may be doing it on purpose to keep the pressure on rome and majority what do you make of that well maybe not directly in terms of trying to making them out of the markets even more nervous but it's quite clear that one of the basic elements that is present in the german attitude is that they fear that if . the pressure on these countries to change their economic structure to rein in their government expenditures in all the other structural things they need to do if that pressure is lowered they won't do anything so it's a question about whether the glass is half full or of empty the germans are saying first we need firm commitm

it is mrs. merkel against the others. she has said she does not expect anything to come out of today's meeting. she has downplayed expectations for next week's meeting. the german line is that there has to be more integration, it has to be conditional, and there cannot be any short time relief. >> the bond markets are not happy. every day we get more evidence italy, the markets are really losing patience. is there not now in surmountable pressure on germany? there is enormous pressure on germany. in the coming days, germany will pour some water into the wind. it is political gain. in the end, i think she will be willing to put more german taxpayers' money on the table. it will be up to the other countries to deliver the reform and the austerity measures. >> we just saw some pictures of angela merkel. i wonder whether the dynamic in the eurozone has changed very much with the election of francois hollande. you look at these things very closely. do you think the hollande factor is a big one? >> it is. before, it was always

gone in britain obama is relatively new bush was leading america the first decade of the century mrs merkel remains of the old veteran where the coming events. of course are very responsible in in what she's doing for the west now she is the ultimate leader of europe the secret about this and she feels more and more for it was each year when she's in power that kind of responsibility and that means that she also feels a lot of responsibility to what's russia and of course even if she maybe does like fortune because of his biography nevertheless i think she will do good work with him and by the way i watched this press conference during their visit and i detected some positive chester between for those two leaders let's hear more on this now from. this report from the heart of germany. early in the school have gone very much dependent on each other trade between the two kinds. this has been ruled will bounce in poor it is chilling it remains russia's main mediator in this dialogue with the west one of the reporters first official presidential visit was to berlin despite all that oh it's a fi

euro zone he is here a skeptical the first hour they still is and he pleads pledges very march to mrs. merkel to to follow that road map so all europeans are now. very. intense discussion the eurozone members and among your members in order to get those in order and i feel that. it is a blessing in disguise that tension has gone up so strongly because there is no alternative ok stephen if i can go to your me a lot of criticism of the european the way this crisis been managed is that it's been to the advantage of the banks saving financial institutions and not thinking about sovereign debt since in the end actually jobs for people how much of it to today do you think it's been looking after the financial institutions and i would say the very rich. i don't i don't see that characterization being a fair one to be to be honest the the point about the point about about maintaining a stable banking system in globalized markets is is we've seen what not having a stable banking system in globalized markets means we had it here in this country in the u.s. in two thousand and eight when lehman brothers

the point is that of course the germans are going to part with their money without conditions mrs merkel has a very tough political scene or sell and if she were said to just give the spanish hundred million euro the people in germany would think she lost her mind so they're going to be conditions of course the troika is going to look over spanish banks of course there's going to be conditionality the e.u. level and the spanish and what's happening is you see the politics of this getting harder and harder this is miracle needs that conditionality the spanish government can hope to survive if there is that conditionality they've lost control of the story in the beginning to believe this nonsense the crisis is follow the pattern they're going for any bailouts for greece portugal ireland spain and what's happened is that after every bailout the amount of trying to takes them are. realize that indeed this is nonsense it is smaller and smaller. to two weeks to do and if. we really are true our worst thing is to try to ruin this is very different from the story. well it's time to join in on th

and the spanish and what's happening is you see the politics of this getting harder and harder mrs merkel needs that conditionality the spanish government can't hope to survive if there is that conditionality they've lost control of the story and they're beginning to believe this nonsense the crisis has followed a pattern they've been phrenic bailouts for greece of portugal of ireland and now spain and what's happened is that after every bailout the amount of time it takes the markets to read the fine print realize that indeed this is nonsense it is an all set gets smaller and smaller and smaller so we've gone from two months to two weeks to two days and in the case of spain it took literally two hours for things to turn around this is by far the end from from the end of story. still economics it's now time to join katie on the business desk and understand that calling for russia's help to save their banks it isn't it comes off to moody's cut the ratings of some big city banks that mainly depend on greece to support some more details on that let's carry a list gets the russian markets her

europe today will be keeping an eye on that euro situation and the meeting between mr cameron and mrs merkel ok thanks that i will speak again see. what in just a few minutes here in our team talks the lebanese interior minister to then his take on the turmoil in syria so often updates of headlines that go way. there hasn't been anything good on t.v. . it is to get the maximum political impact. before the source material is what helps keep journalism honest we thought. we wanted to present. something of. the world with. science technology innovation all these developments from the round russia we've dumped the future covered. would be soon which brightened if you knew about someone from friends to pressure these. stunts on t.v. dot com. for. this is r.t. the headlines now a new massacre reported in syria the estimates of casualties vary dramatically is the timing of the small town just ahead of the from to the u.n. security council raising suspicions from global political focus shifts to the east this this day as delicate rain in an afghan issues are discussed in beijing about the no interne

and the spanish and what's happening is you see the politics of this getting harder and harder mrs merkel needs that conditionality the spanish government can't hope to survive if there is that conditionality they've lost control of the story and they're beginning to believe this nonsense the crisis has followed a pattern they've been phrenic bailouts for greece of portugal ireland and now spain and what's happened is that after every bailout the amount of time it takes the markets to read the fine print realize that indeed this is nonsense it is an all set to get smaller and smaller and smaller so we've gone from two months to two weeks to two days and in the case of spain it took literally two hours for things to turn around this is by far the end from from the end of the story. next hour on r.t. american economist nouriel roubini tells us where the euro zone's financial walls could ultimately leave the union and the global economy. there is certainly risk that the situation could become disorderly in the eurozone like a desire to believe default and i exist by greece contagion will run

and the spanish and what's happening is you see the politics of this getting harder and harder mrs merkel needs that conditionality the spanish government can't hope to survive if there is that conditionality they've lost control of the story and they're beginning to believe this nonsense the crisis has followed a pattern there been for any bailouts for greece portugal ireland and now spain and what's happened is that after every bailout the amount of time it takes the markets to read the fine print realize that indeed this is nonsense it is an all set to get smaller and smaller and smaller so we've gone from two months to two weeks to two days and in the case of spain it took literally two hours for things to turn around this is by far the end from from the end of story. well it's time now to join katie on the business desk and continues that russian railways are set to build a railroad in the united arab emirates is that right yeah that is carried yeah the russian company is building to build a tractor two in abu dhabi and dubai so more details on that later let's go through the markets

and mrs. merkel said in this direction, i will say that germany would participate more that they can in this program. they are really positive on this. so i think that the young unemployment was a concern. and the european parliament has made proposition and the european government. and i think this will go on the right track. so i think this is something that we can say nobody say no. whatever language you want to say it. you can't say it in russia. it's nyet, but it's not true. >> niall, to come to you, you're an historian. you've looked at revolutions through history. is there a tipping point, you know, 50% unemployment in that demographic, i mean, does that suggest social instability is just now seething beneath the surface in >> when i arrived in barcelona just a few days ago, it took me over an hour to get to the hotel because of the demonstration by students. it's not only in montreal that this happens. it was going on. and the mood is very bleak. the mood is very bleak with good reason becaus

of other countries talking of your voters understand that obviously this euro crisis has caused mrs merkel with her christian democratic party which of course you belong to a lot of support to mystically and we've seen a lot of political pressure on other governments throughout the eurozone what about you your political position do you see your party changing its stance on the euro crisis. well i think. it would be good for the support of our party in public if we. change officially our policy towards the euro it is not an easy way any way but we have to stick to the rules we gave for it because the. rule of law is one of the of the strongest principles of community and we have to hand case by case. there are several proposals for the european economists association who said ok let's hear the bonds when they have to be paid back. by tranche one year after the other. of course you have every stage of the game you have to have haircuts you have to. get to take some money from those who profited from the whole dealing of lending the money to the country i just want to ask you one very final q

europe today will be keeping an eye on that euro situation and the meeting between mr cameron and mrs merkel ok thanks that i'll speak again see. what in just a few minutes here in our team talk to the lebanese interior minister to learn his take on the turmoil in syria so often updates of headlines that go way. there hasn't been anything good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we thought. we wanted to present. something of. the world to the true science technology innovation all the news developments from the round russia we've dumped the huge earth covered. lines in russia would be soon which writer if you knew about someone from phones to british and. whose friends don't on t.v. dot com.