renzi is trying to respond to this.planks of this program is trying to make it easier to pass laws in italy. currently, you have two branches of parliament. all legislation has to be approved by both the chamber of deputies and the senate. what he is proposing is to basically redesign the senate. it becomes an elected assembly. it makes recommendations -- it d assembly unelecte and makes recommendations to our house of parliament. it does not have any voting. mind, speeding legislation through parliament and making italy more governable. if he gets the vote today it is not the end of the story. still more bumps along the road. getsy that he does and he this all the way to the finishing line. what does it mean for his other reforms and the momentum that he has for them? key word is "momentum." this is not the end of the story. before the legislative recess, if he can get this victory, markets will like that. it will give him some momentum and help him get some more credibility as he prepares the other key reforms. they a

i would say go see renzie. >> i recently moved here from moscow, which was one of the most beautiful subway systems in the world. how would you rate washington's metro system? >> since i've driven here a lot, i love the metro. i was on the red line yesterday. say what you will, it is clean, it functions well, it moves a lot of people. you know, i mean occasionally -- they had a tragedy in moscow recently and we've had our tragedies here, too. but i love the metro and i think it is our right to complain about it. i feel sorry for the blue line rider, but they will be put at a disadvantage because of the silver line, but i ride the red line, so i'm happy. >> one thing i noticed since moving here, you get this strange dichotomy between the federal city and the "real d.c.", or the city that's not part of it. another thing i was surprised to learn in the last couple of years is the arena on h street, which is today an abandoned shelf itself and used as an indoor parking garage was the sites of the first beatles concert in the united states and had a history of the civil rights union as we

pressure as the italian economy has it into its first recession since 2008 -- prime minister matteo renzi that reading is a cold shower for hopes of a strong euro zone recovery. we take a closer look at the figures. >> a predicament that italy surely wanted to avoid, but after contracting for two orders in a row the eurozone's third-largest economy is back in recession, signaling bad news for italian industry. >> we have a decline in industrial production, in gdp and consumer prices. commerce and shops are closing all the time. it is continuous. >> it's the third time italy's economy dropped into recession since 2008. at the end of 2013, it briefly came out of recession with figures increasing marginally in the last few months. since that time, gdp has been steadily declining. the latest contraction in gross to mr. product is a blow for the prime minister -- the latest contraction in gross to mystic got up. reform is desperately needed to curb italy's debt burden but progress has been slow amid ongoing political squabbles. the european union's biggest economies, germany, and france are du

. >> it's the end of the honeymoon for italian prime minister matteo renzi. the bad economic news cast a shadow over his ambitious reform agenda aimed at pulling italy out of its worst recession since world war ii. >> we have a decline in industrial production. in gdp as well as consumer prices and commerce. then shops continue to close. >> slight growth at the end of last year gave many hope that italy was on the road to recovery, but after two consecutive quarters of negative growth, the country is now officially back in recession. many analysts had expected the economy to show improvement ahead of wednesday. the news sent shockwaves through the stock exchange here in milan, which ended 2.7% lower. >> let's see how some of the stock markets are reacting to the news of italy's unexpected recession. we have this analysis from the floor of the frankfurt stock exchange. >> investors have been very disappointed of the fact that italy fell back into recession. italy is the third biggest economy in the euro area and a very important market for german exporters. th

how would you rate renzi and hollande's chances of making significant change?> clearly there is resistance in germany. if we are talking about significant change, change on ones,rgin, more flexible more flexible interpretations of what has been said, that might be something that could be the result of this debate. certainly this reigniting growth debate is not going away in the short term. in terms of actual substantial isnges, i don't think this very likely given the political consensus that prevails in berlin. of economic deterioration do you think we have to see to change hearts and minds in berlin? >> in the german economy, i would be skeptical whether this would have an effect on eurozone policy. germany obviously has institutions in place to deal with this on a sub-political level. if you think of the high-level bargains between workers and employers, these kind of institutions help german employers and employees i just the challenges in the german economy. i think what we would have to see would be either the return of significant market pressure, so tha

prime minister renzi trice to get the economy back on track with constitutional reform.l be live in milan. it is 9:00 in london. welcome. you're watching "the pulse" from our euro

there is potential danger between renzi and his own economy minister.here is a potential need for a new budget and a new round of cuts for 16 billion euros. toughs going to be a very sell to the italian parliament. he said he pushing for reform. it is a mixed picture. he is not focused on the economy. his plan for the economy is still unknown. >> merkel is in spain talking to the spanish prime minister today. they're going to be talking to the spanish economy. in -- as a?at that comparative success story for the eurozone right now? >> yes it is. personal relationships with the same clinical party affiliation. >> they went for a walk yesterday. that is a lot of time to kill. six kilometers. to defend theants is off, sheform could use the example of spain. even if the situation is not that great. >> one of the things likely to be talking about his nominations to the european commission. we are expecting on saturday, next weekend, we will see further movement on that. how significant is that about who gets which job? big thing forly a the large companies.

search and rescue mission to locate migrants would end this autumn, unable to continue, prime minister renzi says the onus is on the european union to do its dood. while it aids and coordinates rescue operation is it also cannot deal with the ever-increasing number of migrants. the cost of desperate human rights amounting to so little in these seas. sonia gallego, al jazeera. . >> joining us, thank you so much for joining us here on al jazeera. now unfortunately these sorts of incidents have become all too common over the past the two years. this was however the deadliest weekend of the year. tell us what your organization has discovered further about the details of this particular case? >> this is one of the deadliest weekends of the year. as you said about 230 people died in the mediterranean, 200 went missing in the shipwreck of the libyan coast. the other 30 died or went missing off the italian coast while trying to reach europe. 18 bodies were recovered in the rubber dinghy and are rescued by the italian navy and we also met 73 survivors of this tragedy and they told us the migrants, th

the vote took place while prime minister renzi was visiting iraq. >>> well, iraq's ethnic and political divisions have been rising for months, now there is signs of reconciliation with kurdish leaders returning to government. >> reporter: iraq has appealed again to the world for help to fight the islamic state group. just hours after a video emerged showing the beheading of james foley, an u.s. journalist captured in 2012. foreign minister said that the group threatens the entire world and the west is beginning to act. the italian prime minister was the latest european leader to hold talks in baghdad and erbil, the capital of the semi autonomous region in the world. >> reporter: the islamic state group must be stopped and the people must be helped, we're in agreement with our partners that we cannot waste aim time. >> reporter: but it was not new weapons that helped the peshmerga capture territories from the islamic state groups. it was the u.s. airstrikes but they have not targeted the largely sunny areas where the i.s. is most powerful. french president hollande is calling for a confe

the budget every year and so this idea that we are running continue to deficit and have a paperback renzi is quite new to. certainly after 1971 the extent to which we were spending more money wasn't as pronounced as it is today in the bailouts. >> host: it is a new normal that it doesn't have to be -- >> guest: it is quite clearly more than ten years ago who -- i think i first heard it in 2007 and then it became a kind of one of these received phrases you would think had existed but it didn't. it was new and so the extent to which today's situation and the circumstances are relatively new with something that struck me. >> host: [inaudible] i think you've been floated as a british -- >> guest: every politician of color, black and ethnic whatever in britain is touted as a britain color and one that's not necessarily one with a aspire to be but we have to get through the 2015 election. the majorities can come and go and it's something i have to keep an eye on. let's see where we are after 2015. the whole political debate in terms of where people are going to have on your party's success and

you here the likes of renzi calling for more leniency. how concerned are you going forward? with m most impressed those countries that stick to the reform plans. >> do you want to see france do more? when they talk about a weaker euro, what is the response of the bundesbank when you look at that situation? >> france knows what they are doing and they are responsible for their fiscal policy. >> on the issue of financial stability. when we put these stress tests in the context of monetary policy, in the context of financial stability are these stress tests coming at a bad time? >> they are coming at a predictable time, you know, we knew very early on that in november we would know the results of the a.q.r. and the stress tests. bloomberg and others play an important role in that. there is never a good or a bad time. we have to stick to -- >> thank you very much for joining us. that was andreas of the bundesbank. a very, very special guest for this morning brought to you live and exclues frive salzburg. wyle bring you more later. back to you, anna. >> thank you very much for th

while here, he spoke with prime minister erdogan and prime minister renzi. he also had multiple national security briefings. there's never a perfect time for the president to take some time away with his family, but i think we can also all agree that it is valuable to recharge your batteries. i do not think the american people begrudge their president were taking some down time with his family. >> josh said last week we might learn more about emergency meetings. care to shed some light on that? >> the president is still planning on returning to washington sunday for meetings at the white house. i don't have too much more detail about that. we'll have more as the time comes. the president will be meeting with vice president biden while he's back in washington. >> [inaudible] return with him to washington for that brief session with advisers. >> some of us will be returning. some of us will be staying at lovely martha's vineyard. >> who will be returning? >> i'll give you the manifest as soon as i can. >> the reason i ask is that would indicate the level of se

meanwhile, italian prime minister renzi has stepped up to holding a secret meeting with mario draghi. the get-together was thought to have taken place earlier this week where draghi has a holiday home. good for him. the ecb declined to comment on the meeting, but it comes just days after draghi said the pace of reform in italy is slow. with us in and out, nicholas spiro. anatoli, let me kick things off with you. this is the wake up call to germany, isn't it? >> i think it's a wake-up call not only for germany, but all of europe's government will need to look at this data carefully. i think in the data we had a very strong q1 which was dist t distorted by good weather. q2 numbers, it was an unusually high number for the holiday. i think we should look at the first half as a whole to think about this. there, germany is still growing. spain is the surprise, a surprise market on the upside. france and italy, way too low and a big concern going forward. >> nicholas, what is wrong with the eurozone? we were sitting here saying we had finally come out of the recession, and now it looks like