in the european democracy in the european parliament. you have the floor.sident in office of counsel, ladies and gentlemen for me it is a pleasant duty and pleasure as the president of the commission for the first time in my short life to bear the state of the union address in this chamber. >> anyway i got imported after the speech and people disagreed to the substance but everybody agreed that it was too long so today i run that same danger and i haven't been able to draft the speech into normal conditions and you probably guess why but i will try to conclude a framework agreement in the european parliament and commission which has been concluded between us. they come to the parliament and there is a session that would be tabled to the house to cover what the commission is doing over the next few months. so it is the priority of the commission that is involved and the european union. and to that end, they have received those priorities in writing and maybe the letter available and there is a document about how to deal with them for ten working prerelease w

and the european union. and to that end, vice president york and president in office had received those priorities in writing. i made the letter available and apebded to the -- appended to the letter is a document about how we're going to deal with the ten working priorities of the commission. a statement of in tent. i'm not going to deal with all of those topics today. i'm not doing that to be impolite to you, but it is in writing. and friends of mine has also put things in writing. the parliament has received that corpus in writing. but what i'm trying to do today is try not to go into all of the details but make the general picture more understandable. if you like, i'm the first president of the commission who is -- who is directly endorsed, including by the vote of the european apartment, that was my direct path to office. right from the very beginning, in fact when i was speaking to you on the 14th of june, laying out my story to you, i made it quite clear that i intend to make the communication more pol

and the of the european union. hat end, -- inning up have received those priorities in writing. i have made the left available and a peppedded t appended to ta document about how we will deal with the 10 working priorities of the commission. a statement of itch at the present time. i am not going do deal with all of those topics today. i am not doing that to be impolite to you, but it is in writing. and. [ inaudible ] has also put things in writing. the parliament has received that corpus in writing. but what i am trying do today is not go this to all the details but try to make the general picture more understandable. if you like, i am the first president of the commission who is in a way directly endorsed, including by the vote of the european parliament, that was my direct path to office. right from the very beginning the fact when i was speaking to you on the 14th of june laying out my stall to you, i made it quite clear that i intent to make the commission more political. and therefore the president of the comm

>> >>> we have to accept these people on the european terms >>> the european commission president provides a mandatory quota system for 160,000 refugees. >>> hello there, i'm laura kyle, this is al jazeera live from doha, also ahead on the programme - australia says it will resettle thousands of refugees from the middle east and launch air strikes against i.s.i.l. in syria >>> rebels in syria sees an air base from the idlib government after a 2-year battle >>> rwandan's supreme court will hearing an application allowing the president to run for a third term >>> european commission president jean claude younger announced plans to tackle the refugee crisis. under the proposal 160,000 asylum seekers will be distributed among e.u. member country with binding quotas. the number of refugees to be resettled in one country depends on that country's wealth, population and the numbers of asylums processed. countries refusing to take in refugees could face financial penalties. germany has backed the idea and welcomed syrian refugees waving the e.u. rules, saying it expects to deal with more than 800,

we have produced this report for the european parliament. this is a report which looks forward to the future of european monetary unions which, of course, will involve the european parliament intimately. this is why i wanted your president to be involved right from the outset in the work that was being done. he presented a collective vice president on our proposal. we weren't all happy all the time, but we thought it was up to the essential that we had an constitutional discussion and approach on all of this. therefore, i can assure you that all have been factored in this report and i feel it is essential. looking into the future, that the parliament has a much stronger role to play. it should be involved in economic government in the european union. and i have been -- since 1991 when i was the minister finance in luxembourg and working closely at that time with nicola schmidt. when i was chairing the intergovernmental conference, there were a number of people who were in favor of economic governance. other than myself, i am still here and i'

i will simply add that the european parliament will need to remain the parliament of the european union beyond the confines of this debate. yes, i am selecting the salient points from the remainder of my speech. he think it's essential that we have international representation of the eurozone and we need to improve on that. it is abnormal that the institution and the international monetary fund are bodies where we don't have proper european representation, but all countries that presented so the eurozone should be represented in these bodies. we do need to have sympathy representation in the institutions and the imf as a master of priority. i think that the country specific recommendations which are issued by the commission should be complied with by the member state. we've reduced the numbers to some three per country in recent times. we submit them to the council and the council takes note of the forms which are necessary. and it is essential that the reforms per country are implemented and enforced because it is essential that this happen. it's important that the member state take re

commission said, listen, right now the european union is failing. isn't acting as europeans. the big problem that they have the countries in europe are divided. on one hand, germany are taking in a lot of refugees. they want the refugees to be distributed to all of the other countries as well. on the other hand, countries are very reluctant to take in more refugees, like hungary and many eastern european countries, they see this more of a border control issue. what the head of the european commission he gave a speech where he said europe needs to do both. we have to have a quota to distribute them to all european countries. we need to make sure in the long term, the flow of migrants to the european continent will be controlled and at least they can stay on top of things. the big question now is, are they going to come some sort common agreement and to some sort of common policy they can implement to control immigration? the people who are trying to come here to europe are not put in danger because they can't find safe ways to get here. >> fred, in be

commission as he addresses the european parliament. he has made an extraordinary speech to the parliament regarding the refugees crisis. we are going to keep you covered on all the issues that he has brought up. we'll discuss them and take apart some of the issues that he has specific pointed to. it's a number of 160,000 refugees that he says have arrived to seek asylum and hospitality within europe. we are going to as i say bring you lots more on that and of course the rest of the day's news so do stay with us. >>> 160,000 refugees. australia says it will vettel thousands of refugees from the middle east and launch air strikes against isil in syria. ♪ ♪ >>> hello i am martin defense, you are with al jazeera live on the program. the u.s. president gets the support he needs to block republican opposition to

i will say in fairness to the european union, that this is a pain. issue that the world has struggled, with so much of the refugee crisis in world war ii, in the run-up, when similar arguments to the security arguments - well, we can't take refugees from germany, perhaps they'll be german spies in the midst. the security arguments are not to be taken dispositively when you are facing a crisis. yet they are being recycled. the refugee issues are tough for any institution, but the e.u. has not had to deal with the volume before >>> i'm glad you brought that up. many of those refugees were sent home to occupied areas of europe to be killed, and it's not a stretch to imagine they'd be sent back to syria. ambassador, stay with us. people on the move around the world, fleeing gang violence in el salvador, anti-muslim violence in myanmar. grinding poverty in eritrea, instability in afghanistan. is the world inching closer to a comprehensive answer. a less ad hoc reacty system for responding to thousands of people showing up on your country's doorstep. nowher

>> an external border at the edges of the european union. the question which arises there, if hungary is turning bam people seeking to enter hungary, it is running the risk of its own obligations under the convention, to determine the status of someone who presents himself at the border, that is a separate question of the borders between european union states. that second issue seems to be about the struggle to control the flows of refugees moving from one country to another. and that's in essence if you like a squabble between european union states as to who should share the burden of supporting and providing protection and assistance to the refugees fleeing from syria. >> adrian berry thank you very much indeed for speaking to us on al jazeera. >>> russia says it will continue military supplies to back syrian president bashar al-assad. >> certainly the supplies are ongoing and will continue. and strain people how to use this weaponry and there is no mysterious secret about it. >> stepped up their campaign to take control of the city of alep

a mixed picture in trading across the european markets. t paris andn, frankfurt sings in gains. -- seeing some gains. bmw chrysler up over 2%. genie: let's get to brazil, where the government has announced some tougher austerity measures. stephen: tax cuts and tax increases work around 15 billion euros. -- worth around 15 billion euros. it comes after brazil's credit rating was downgraded to junk by standard & poor's last week. the country is facing its worst recession in 80 years. mark has more. mark: desperate times, desperate measures. facing a huge budget shortfall economy, the government has a new plan to kickstart the struggling economy. >> is a budget that requires everyone to make a big effort. it requires significant effort on behalf of the government. those efforts include $6 billion worth of spending cuts and $9 billion worth of tax increases. it will include infrastructure investment in agricultural subsidies. there's a call for the tax on transactions revised. much of it is due to the slowdown in the chinese economy. it has bec

earlier today, the president of the european commission called on the member states of the european unionto accept a total 160,000 asylum-seekers from war-torn countries. jean-claude juncker made the remarks during the state of the european union speech in strasbourg, france. >> we're not talking about 40,000, it is 160,000. that is the number of europeans have to take in and have to take in their hearts. and a really hope that this time, everyone will be on board. no red recs. action is what is needed for the time. amy: under the european commission, quotas would be set for all 22 nations across europe to take in refugees. germany has already said it can accept half a million refugees each year. many other european nations, quitting hungary, the czech republic, slovakia, and poland, have opposed a compulsory system. on tuesday, leaders from nearly 60 countries met in paris to address measures to aid the rapidly growing number of people fleeing to europe. u.n. high commissioner for refugees antonio guterres called the european asylum system "extremely dysfunctional and, in the recent week

turning the nations into actions and going if united, as europeans. only in this way we will have the possibilities to face this issue, this urgency. this dramatic event, keeping faith to our european values that are the values of respected human rights and solidarity. >> it was important to discuss it with candidate countries, also because out of history, when it comes to the balkans core turkey, and i think in this dramatic ta or weeks, we europeans have to keep in mind the history of our continent. we know what it is. war, conflict and facing the situation that forces to flee. as mentioned. we are talking here of a flow of people that in this. this is represented mainly by syrians, afghans, eritreans and middle east. we are not talking about emigration and economic migration flow. in majority, we are talking about a moral and legal duty. now, we agreed to strengthen our cooperation, not only with the european union, but the candidate countries. on five different levels. with very concrete actions, some of them have started already. some of them are

european issue. we tend to look at this through the french lens. give us a pan-european picture. cal,french farmers are the most vocal in the european union in terms of falling prices that we have seen. particularly for dairy. a bige seeing demonstration in brussels today following a demonstration in paris last week. the farmers are gathering because the european council is meeting to discuss the downturn in prices and a number of sectors. guy: how bad is it? --farmers are using money losing money in a number of sectors. the gary farmers are quite vocal at this is also happening in a number of livestock industries, cattle and beef, farmers are facing losses as well as some fruit and vegetable farmers. a lot of this has to do with the russian ban on european food exports. guy: there is a political basis for it. >> yes. are of the sectors that prohibited from trading in russia at the moment are the ones that are worst affected. those are the ones that are going to be in brussels today trying to get some attention. guy: when you think about agriculture come you think about the policy

croatia is part of the european union but not part of the agreement. it suggests at least that part of the refugees could be directed to croatia. laura: the eu remains divided over how to handle the migrant crisis. france, germany, and eu officials one member states to people.,000 east european states remain staunchly against the plan. there will be another attempt at finding a compromise next tuesday. >> this is the responsibility of the entire european union, and that is why we agreed to have a special eu summit next week. i think we need to get back to the european spirit. my hope that this would be achieved through threats is very small and not pronounced. laura: the death toll of migrants trying to find their way into europe rose again this tuesday. at least 22 people drowned when their boat sank on its way from greece to turkey. 11 women and 4 children were among the victims of latest shipwreck where the syrian top third round just two weeks ago. -- syrian toddler drowned just two weeks ago. french lawmakers have been debating the government's pl

the refugee crisis. eastern europeanions are opposing the e.u.'s plan. european leaders will meet again on wednesday to try to find a solution. let's go live to jacky rowland who is in brussels for us. this is a big meeting on wednesday, today it is the interior ministers. what is on the agenda? what are they going to try to achieve? >> reporter: what they are discussing is a figure of 120,000 refugees who are already in the e.u. and trying to reach an agreement on there being a quota system for these refugees to be shared out between the count fridays of the european union. so far it hasn't been looking too good in particular, eastern european countries resisting very hard the idea of quotas being imposed on them. for them it's a question of sovereignty and they don't feel like they should be dictated to by the richest western european countri countries. so far the countries have only agreed to share out 40,000 refugees between them. now we're talking about 120,000 but when you mention the figures of another half millio

this is a failure for the european commission. ministers will spend the whole day in brussels discussing 120,000 people being displaced over two years in what would be proposals watered down from the initial ones. we will see countries not being fined of they decide not to participate in the scheme as the commission wants it into shelley. -- wants it initially. >> thank you very much. thesel follow all situations at the brussels summit. an ultimatum has expired. issued by the army to the leaders of last week's coup d'etat, ordering them to surrender and lay down their arms. that has been and gone, the deadline and the regular army said they rose up against the leaders. they seized power last week. we are getting a live update on the situation in the capital of wagadugu. the ultimatum has expired and you are at the presidential palace and the leader of the coup d'etat has been speaking out refusing to step down. >> yes indeed, about an hour ago, we were at the presidential palace and they were expecting a statement. it seems the cou

waiting to a ferry to the european mainland in the next step of their journey. a route that winds to macedonia, where thousands rush to board trains, heading further west. to ibb hospitable -- inhospitable hungary where makeshift camps are ill-equipped and bad-tempered cops chase refugees. there are many kind gestures along the way. it is in vienna where refugees begin, closer to their goal of safety and security. >> mohammed fled syria with his daughter, wife and disabled son, after too many battles and bomb attacks, convinced they had no future there. >> translation: we have reached safety. we are here. it's a safe country. europe is safe. people are kind. they welcomed us. look at my daughter. they have given us food and toys. >> reporter: this person and their family have been on the move for 20 days. >> translation: i decided to leave because there's not a single hope that syria will go back to what it's used to be. >> reporter: vienna may feel like safety for people on the run. the journey is by no means over. in some ways it has just begun. four months ag

the european central bank left rates at record lows. onomic growth is lagging, and that is what the ecb worries about, so what is the connection? low interest rates encourage borrowing, if they are close to zero, why let money gather dust in bank accounts? why not make those purchases you have been putting off, but what about cash strapped economies? consumers often wait for prices to fall. it's a downward spiral that begins, and that is where mario draghi has stepped in. his huge bond-buying program is designed to help create jobs, boost income and consumer spending, and that would crisis, keeping inflation at a stable level. ideally for the ecb, that would be around 2%, and that is the plan, at least. the ecb so far is sticking to it. reporter: it was not exactly a surprise, the ecb decided not to change its interest rate was widely expected. >> based on our regulatory and monetary analysis and then lied with -- in line with guidance, the council decided to keep key interest rates unchanged. our asset purchase problem continues to proc

is migration good for the european economy? is our twitter question. we will be speaking to the international migration division after the break. ♪ before we go to break, we want to bring you live pictures from budapest. hungarian protesters are stopping trains leaving budapest's main train terminal in an effort to prevent migrants for leaving. some pretty bold pictures. this is the question we want to talk about -- this is a human story and we will have plenty more of that, next. ♪ francine: welcome back to "the pulse," live from bloomberg's london headquarters. the chinese slowdown appears to be deepening. manufacturing has slumped to a three-year low. let's check in with mark barton. mark: china is continuing to dictate how the markets are feeling on the first day of a new month. newmont, same old china. that gauge of chinese manufacturing falling to the lowest level in three years. stocks are selling off as they dated august following the yuan devaluation. have a look at the chart i've chosen -- this is the mfci asia-pacifi

they and the 15 others who died would likely be alive if they were allowed to cross from the european union. the bodies of the boys and their mother are being taken back to syria for burial. they are the latest victims of the that civil war. >> european union leaders are divided on how to react to the crisis. countries like france and germany want an opportunity for sharing out on refugees. they are resisting the european crisis for settlement. >> reporter: as europe's refugee crisis expands, prance and germany agreed to develop permanent rules for all members of the european union to take in refugees and asylum seekers. french president, francoise hollande spoke at a joint news conference. >> i believe that today what exists is no longer enough. for our countries, i'm not going to name them, it would not be constructive. obligations, so we'll need to go further. >> reporter: hollande seemed to be referring toking hungary. the hungarian prime minister, victor orband, accused germany of causing the crisis. >> the problem is not a european problem. the problem is a german problem. nobod

. >> action is what is needed for the time buying >>> a plea from the top of the european union for reluctant nations to take in thousands of refugees. hillo, i'm also coming up. the head of n.a.t.o. says he is concern the about reports of the build up in syria >>> china's premier reassures the world about the health of his economy. >> i'm charlie, here with a new ear ain cinema >>> european countries are set for a battle over how to deal with the influx of people pleaing war, hunger and persecution. the european commission president set out his plan for how many refugees he wants each nation to take. it's far from clear. jean-claude juncker is calling on member states to provide homes for 160,000. critics say it's not enough. half a million entered europe. and it pales in comparison with the numbers in the region. there's 4 million syrians in turkey, lebanon, jordan, iraq and egypt. jacky rowland reports. >> another group of weary people across the border between greece and macedonia. as they continue their journey north, the european parliament has been discussing how to cope with the hundr

first, the failure of the migration policy of the european union. the second one is the serious irresponsible statements made. >> yet, for these people each step of their journey is a hopeful one. for some to have made it this far is a miracle in itself. >> now we are free. four and five days in hungary. we're in very bad condition. >> back in hungary, those who have fled war and conflict seek escape from another pressing predicament. many more are waiting, sleeping in the station underpass. there are others who are sure to follow. al jazeera. >> well, one of the main pressure points for the crisis is the greek island of lesbos. we are there with more. >> hundreds, sometimes thousands of refugees land on the shores of lesbos every day. they arrive on overcrowded boats from turkey. often entire families are on the move, distressed and tired. >> i didn't want to leave, but these are my children. they stopped going to school in university. there is no more life. only fear. we had no choice. >> a few meters away another boat on the horizon, and another a

the roots, at least for the time being, through here and the european union is open. the question is whether croatia will shut the doors as well. >> indeed, the serbians laid on buses from the border to macedonia. and from the hungarian border, 7,000 or more crossed the border, an unremarkable spot. marked only by a couple of rocks. but it was the european union. whole families passed by. some didn't know what countries they were in. >> do you know where you are? >> i don't know. >> this is croatia, inside the european union. >> croatia, having said it would let everyone in and through got through. having got this far, the refugees were frustrated at having to wait. the riot police didn't have the same aggression as those on the border with hungary. it looks like another flashpoint in the making. >> it doesn't allow through the village. he told us to stay here. the bot coming, and the train coming. think back to the standoff at the rail station in budda pest. then again at the border. now this. held again by law enforcements: apart from the humanitarian situation, this

anchor: the refugee crisis is putting european solidarity to the test. the european commission will present it plan for the fair distribution, but several countries have already said that a permanent quota system was already unacceptable. among those -- poland, hungary, and the czech republic. among those who support the sweden, andance, germany. let's listen to german chancellor angela merkel. chancellor merkel: we welcome the proposition that jean-claude juncker will present tomorrow, the decision to share a set number of asylum seekers between eu countries is an important first step. but there is still a ways to go because these people cannot just be shared between germany and sweden. what we need is a system of quotas whereby those who have the right to asylum are shared between eu member states. "nchor: every day, "france 24 chester but a human face on europe's refugee crisis. our reporters have been traveling from greece where many migrants start their journey towards germany bringing you there stories, their hardships, and their hopes. today, we a

a pretty optimistic day on the european market. there are all important comments from mario draghi, hoping for pledges of more support. looking at some of the companies moving the markets today, shares jumped by 5% after the low-cost airline reported record -- record passenger numbers. it rates its profit forecast of amount 50 million pounds or 70 million euros. a delay in building a next generation nuclear reactor in france. it will not be ready until the end of 2018 and will cost another $2 billion -- 2 billion euros more than previously estimated. that issue and a -- that is shares.electric twitter ran 100,000 active advertisements, up 74% this year. genie: let's turn out to the smart phone market and tony that is hoping -- sony, that is hoping to regain ground. -- divisions been has been leading an estimated million dollars as it faces competition in the market. apple is set to unveil its newest iphone next. sony -- for sony, high definition is the key to future sales. >> the world's first four k smartphone giving you the ultima

that's the number. europeans have to take in charge and have to take in -- i really hope that this time, everyone will be onboard. action is what is needed for the time being. >> we heard very strong emotions expressed there talking about europe needing to step up to its responsibilities and remember recent european refugee crisis after the second world war, not to have short memories. to present an alternative view expressed by plenty of people here and also a broader european public is janice atkinson, recently allied herself to the block of m.p.'s led by the french far right leader. thanks for joining us on al jazeera. what is your reaction -- >> all right, i do apologize for that. we seem to be having technical glitches from strasburg. we'll try and get her back in a minute or so. you are on the hungarian-syrian border. are you with us? >> seems we're having glitches as well there. we'll try to get both our correspondents up a little later in the al jazeera news hour. the greek government has been ferrying re

the european union at the moment is intent on dodging all the questions. austria said that refugees shouldn't have the right to decide where they want to go, but for the european union leadership the most important thing is to try and pretend and suggest that as a bloc they can actually get through this crisis with some sense of unity even though it's perfectly obvious they don't have that unity at all. here's how the eu's foreign policy heads tried to make that point this morning. >> i really hope that on the basis of this decision yesterday, taken yesterday night, we can today together commission and counsel this evening and concentrate on what positive, concrete steps we can take together as europeans altogether both on the internal and on the external side of our work. >> reporter: so obviously inside of that is there's a sense if you like force a source of morality as represented by german and sweden onto countries that don't think in the same way at all. there are enormous problems inside it, but what the european union will try to do as winter start

younder the proposal 160,000 refugees will be distributed along the european union, the number to betled in one country will depend on that nation's wealth, pom laying, rate of unemployment and indeed the number of asylum applicants already processed. countries prerefusing to take in refugees could take face penalty. germany has already backed the idea. it's welcomed syrian refugees waving e.u. rules and saying it expects to deal with more than 800,000 people this year alone. swede sen also in favor, it has taken the highest number of refugees so far per capita. but czechoslovakia, poland, hungary and romania have opposed this. jean-claude younger reminded europeans that each and every within of them had been a refugees at some point. >> this is why the committee already proposed an emergency mechanism in may. not now, back in may to relocate initially 40,000 people seeking international protection from italy and greece. and this is why today we are proposing a second emergency mechanism to relocate the further 120,000 people from i hadly greece and hungary, this has to be done in a

continent they are immediately under the protection of the european convention and human rights so allember states they have an obligation to protect these people in the human way. that doesn't mean that everybody has a right to asylum but they have to be treated as human beings regardless of being asylum seekers or a migrant or also if you don't have a paper it doesn't mean that you have or without rights. it is not allowed to discriminate people on the ground of religion, color of the skin or where they come from and all have the same rights and someone cannot say that, okay, we take this by christian and leave out the muslims. well, there may be a security risk but that cannot be done by selecting only the christians that come to the continent. >> reporter: well, as we mentioned many of the refugees coming to europe are from syria and their first point in the journey is through turkey and stephanie decker has the latest from the syrian turkish border. >> reporter: what people are telling us here is a very different story we are hearing from the refugees trying to get to the european

the case. we'll have to wait and see. >> let's have a look at european markets. e seeing the bulls back in force and this is as a result of the positive picture out of asia with the nikkei seeing a 7.7 increase. ftse 100 up. xetra dax seeing 10,442 so firmly back above that 10,000 level. just a couple of days agatha market entered the death cross territory. the cac 40 up by more than that. up by 2.1%. some of the cyclicals like the awe toes and miners really driving those gains. >> and those individual gains carrying over into the euro stoxx 50 up just almost 2% here and investors getting the lift from the gains we saw in wall street overnight and the continued rally in the asian session as well. >> in the bond markets what we're seeing is a little bit of selling. yields are going higher. the 10 year treasury note yield is at 2.216%. the ten year bund yield at 698 basis points. >> we're seeing some dollar strength as people moved out of the safe haven euro and japanese yen and the focus will be on sterling moving lower after disappointing manufacturing and industr

the eu. it's only with european solidarity that we will manage that. wants to show its face in a good light and internationally with all the states combined we have to fight the reasons for the influx of refugees. the civil wars, the terrorism, we have to work against it together. >> reporter: well, our correspondent andrew simmons is on hungry border with serbia to check on conditions there. >> reporter: up to 3,000 a day will be coming in here. and get the camera the other way around you can see the problem that is getting worse. it may be relief for so many refugees getting to austria and germany but refugees here are facing appalling conditions. now what is happening here is the hungarian police are segregating the syrians or arab-speaking people from other refugees. most of the people you see here are afghans. they are only supposed to be at assembly point as it's described for a few hours but these people have been here for three days and the calls overnight, this is on sunday night, for people, for humanitarian workers and volunteers to come dow

anna: the european commission president will give the state of the european -- european union addressoday. troops tois deploying with water. -- it's water -- it's border. hans nichols is in berlin with the latest. fill us in with the latest in the last 24 hours. hans: it seems as though denmark has become a flashpoint. overnight, there were reports that some trains from germany were not making it through to denmark and officials and denmark are saying they want to register refugees and or migrants because if they do not they'll will have to deport them, but some people do not want to be fingerprinted because the ultimate goal is sweden and they don't want to become potentially in the applicant process. from angela merkel, we heard strong rhetoric from her. her government attempting the cost could be 10 billion euros. a couple of days ago, it was 6 billion euros which they set aside for 2016. hungary has deployed some 4000 and are planning to deploy 4000 troops to the border to accelerate the building of the fence. officials are calling the situation "extremely grave." the high commiss

the risk profile for investing in european banks has come down. y had a good earnings season and we're getting dividend payments accelerating from banks so we think that sector looks good. at the country level we have been highlighting italy as our key pick for this year. the italian pmis are close to an all time high relative to the rest of the european pmis so a couple of years ago people were bullish on spain and it had it's recovery italy is much further behind but if you like it's where spain was a couple of years ago so the economic momentum is improving. earnings revisions for the italian stock market are positive for the first time in five years and valuations are still attractive. >> let's talk about central bank policy. the ecb meeting coming up tomorrow. what are you expecting from mario draghi. some are saying more dovish commentary given developments like the volatility in china. what are you expecting from mr. draghi and has that factored into your calling european stocks? >> i don't think it's factored in at this point. in our opinio

the european commission said it is releasing 500 million euros. the emergency aid farmers is off to brussels. there are plunging food prices. agricultural workers were mopping fireworks and hay. >> not your average day in the european union report. the news lawyers and tourists walking around taking images and we saw 5000 farmers that broke their tractors, 2000 of them. they wanted to create a stir about plunging prices in beef, pork, and no, and they caused a stir. they lit bonfires, they through banners, they flung hay. and one tractor drove into a police barricade, which resulted in policeman reacting by spring water cannons. in general, most of the farmers there were there peacefully protesting to make their voice heard that they want their money back. they were calling on the european union as a last resort asking them to help them financially. a market that exports $5.5 billion year, also a slump of red china. a change of savior in europe among european consumers. they are calling on the european union or help. anchor: iran's vice president h

he needs to sell it to politicians across europe. >> that's the number of european have. >> i really hope that this time everyone will be on board. action is what is needed for the time being. >> germany would take in more than 30,000 refugees under the scheme. people like these families boarding a train, the germany government is pushing hard for other countries to accept their quotas. for its part france would take 20,000 refugees and in a symbolic gesture it has accepted a small group who has crossed the border of germany. but some in transsay that the government is encouraging illegal immigration. >> to give refugees jobs where there are 7 million out of work far right politicians say that the influx of people from the middle east and africa will change the character of europe forever. but not everyone arriving on the shores of southern europe will be allowed to claim asylum. these new arrivals in spain, for example, may ultimately be classed as economic migrants. not refugees. and those who are searching for work and a better life will be sent home. >> and european union plans to

that is the number europeans have to take in charge. i really hope that this time everybody will be on board. no rhetoric. action is what is needed for the time being. [applause] mr. juncker: what is happening to human beings? we are talking about human beings. we are not talking about numbers. human beings coming from syria and libya. today, it could easily be the case in ukraine tomorrow. are we making selections? are we distinguishing between christians, jews, muslims? this continent has made the best appearance to distinguish on the basis of religious criteria. there is no religion or belief or philosophy when it comes to refugees and those who are fleeing. [applause] mr. juncker: ladies and gentlemen, winter is approaching. want to have families sleeping in railway stations in budapest and elsewhere? during the cold night? coats? winter in charge of the per period for those who have fled countries for the reasons i mentioned. it is true that we also need settlement for those in clear need of international protection and therefore ve

t. >> you're with al jazeera, a reminder then of the top stories. european union ministers are in emergency session in brussels to talk about the refugee crise. germany says it will impose border controls for at least several weeks as it can't cope with the record number of asylum seekers. >> austria will also temporarily reinstate border controls with hungary. these are the latest pictures where refugees are waiting to board buses, taking them to vienna. >> australia is to have a new prime minister after the ruling party voted out tony abbott in favor of his rifle, malcolm turnbull. he resigned from the cabinet and asked abbott to step aside. >> to our make that story, the refugee crisis affecting much of europe. the largest group of people arriving quite clearly from syria. there have been no diplomatic breakthrough there since the conflict began. some believe this could move forward a diplomatic solution. >> even the man who heads the u.n. system, secretary general ban ki-moon admits the organization has failed to tackle the situation in syria, one of the

economic government in the european union. and i have been -- since 1991 when i was the minister finance in luxembourg and working closely at that time with nicola schmidt. when i was chairing the intergovernmental conference, there were a number of people who were in favor of economic governance. other than myself, i am still here and i'm still with you. apparently eternal in my position in europe. at that point, we wanted to come up with a treaty which enshrined the rules which governed the eurozone. there are many who don't understand that the government is something to which we subscribed a long time ago. >> 25 years. >> translator: so against the backdrop, we hope to work towards a deeper economic and monetary union, a system of deposit guarantees. and various other initiatives. i think it's also that we have a guarantee scheme and do this in the form of an insurance scheme, it won't be mutual zag of debt, but it will be a re-insurance scheme and we feel it should give greater certainty to its investors and, therefore, we

the european union agrees to resettle 120,000 refugees who are currently in italy and greece. the plan has divided member states with hungry and others against the plan. president returns after six months in exile. ha is returning to a country torn apart bydi between shiite rebels and a coalition led by saudi arabia. laura: we begin with the standoff in burkina faso, where the general who seized power in a coup last week's still refusing to step down. the army set a deadline for general diendÉre to hand power back to the civilian government by 10:00 this morning. with the deadline long past, the president of nigeria and senegal are among those taking matters into their own hands, set to travel to the country tonight to end the crisis. mark thompson has more. mark: a celebratory atmosphere in burkina faso's capital. as protesters and transitional government soldiers wait for the leaders of last week's coup to hand over their arms. >> we have come here to the national square to support our brothers in arms in a but also to condemn the behavior of the presidential guard, which has

the european union saying -- we agree? he compromise that was found with greece, it was said that we would have to agree on the 86 billion euro package, and in the aftermath we would be ready to discuss the issue of debt restructuring. it is on the table -- is going to happen. ryan: very divergent monetary policies between the united eurozone, the eu, the the ecb announcing yesterday more qe. is the euro going to provide some extra impetus? i know we have seen in the last couple trading days the euro falling down 2%. pierre: of the put it this way -- we have known from the period of 2008 to recently where we had quantitive easing in the u.s. and not in the eurozone. now quantitive easing has stopped in the u.s., and started in europe, because we need it -- we need it to launch the economy. i think they are compatible. that wealso make sure have more growth in europe and more investment in europe, because that is what we have been lacking. was starting to fill up also because we have the european strategic investment, which

to help restore greece's ability to control the european borders. as soon as it's going to happen we're going to see a little bit of easiness concerning illegal migration and it's going to provide us the opportunity to raise the issue in a proper manner. we're not able to control the borders. >> what do you fear with the migrants after midnight. the manslaughter of labor said they don't want them back. >> we are going to deal with all migrants. we're trying to establish at this point actually with those people at the border station and already on the soil of hungary as humanly and flexible treatment as possible. that's a task for the authorities here. that is illegal border crossings, the pressure is going to ease in this section of the european border. today, we are -- today we have surpassed 9,000. >> the government of hungary explaining there's going to be a new era in hungary. he's encouraging people in the country, illegal migrants to go to the official crossing points because they've now closed off the unofficial crossing points that a number o

the european border agency says 156,000 refugees arrived in europe in august. more than 500 arrived. that is nearly double the 280,000 refugees that arrived in all of 2014. >> president obama addressed the situation during a meeting in the oval office, speaking during a photo op. the president said it will take a joint effort from the u.s. and europe to help those in need. >> we agreed that this will require cooperation with all the european countries, the united states and the international communities to ensure that people are safe, that they are treated with shared humanity, and that we ultimately have to deal with the source of the problem, which is the ongoing crisis in syria. >> the president announced that 10,000 syrian refugees would be resettled in the u.s. in okay. fewer than 1500 came to the u.s. in 2011. patterson new jersey is home to a large community, courtney kealy talked with some of them about their journey. >> reporter: this girl is 11 years old. >> i don't want what happened to me to anyone else. >> reporter: a few weeks ago her parents broug

the number. europeans have to take charge and have to take -- i really hope that this time everyone will be on board. no rhetoric's. action is what is needed for the time being. [applause] >> for more on this story, let's talk to an eu expert. thank you for being with us. what do you think of juncker's refugee plan? do you think it's enough? >> it is certainly a try. i don't know if it's enough because the situation is dire. the number of refugees or migrants coming to the shores of europe or through the balkan countries is a norm us so it is difficult -- is enormous so it is difficult to know if the planet juncker wants to implement will be enough. there is an attempt from the european commission to do something and to try to mobilize the member states around this program, whether they will agree to it is unclear. some member states have indicated they are against compulsory relocation within their country. it is very delicate at this stage to know whether the juncker plan is enough. >> minutes after junc

the message to the europeans and the united states is a simple one.syrian crisis is now a global refugee crisis is global responsibilities that need to attend to all nations. that means that, in europe, there needs to be some significant shift in policy but, also, frankly, the u.s., who so far has only taken about 1,500 refugees over the course of four years, need to live up toits standard role as taking refugees. we have to step up to the humanitarian and the deeper causes in the middle east. that's the only way to build the kind of security that the ambassador has rightly spoken of. >> brown: all right, david miliband and ambassador reka szemekenyi, thank you very much. >> thank you. lost in all of that, some of the candidates have been talking about policy from taxes to foreign policy to income inequality. we explore some of that and preview wednesday's second big republican debate this "politics monday." i'm joined by susan page of "u.s.a. today" and amy walter of "cook political report." let's talk about bernie sanders who today was at liberty un

this is the european stock market. s choosing to focus on the rebound in chinese equities rather than the weak trade data. it has been four weeks since china devalued the yuan. since then, the stoxx 600 is off by 10% and lost 1.2 trillion euros. u.s. futures, labor day closed in the u.s. market yesterday. we saw stocks drop on friday. that is the job reports that leaves the number -- noe the -- leaves us none the wiser as to the fed. manus: on one hand, officials want a more open market-driven system. thewild swings come with equity markets. they have frayed the nerves of beijing leading some to say there is a scattered policy approach. analyst sayspolicy the government's policy has worked. expectations of a hard landing in china are overblown. our bottom line is we do not see a property let hard landing in china. economy atacing the the start of this year and the ones facing the economy right now are pretty much by and large the same. equity markets have basically inflated. manus: you'd also say the exit nothe equity m