u.k. conservative party to learn more about where the fallout of the year's first block summit will be felt. today we're joined by martin. from the u.k. conservative party and he's also the new head of the european conservatives and a reformist group at the european parliament thanks very much for joining us today the first question is the e.u. . oil embargo on iran is this part of president and sanctions on the country over its controversial nuclear program i want a joint statement british prime minister david cameron along with french president . said that quote our message is clear we have no quarrel with the iranian people but the iranian leadership has failed to restore international confidence in the exclusively peaceful nature of its nuclear program now at what cost to the european union is this message being delivered. you have agreed that we are not going to buy any more oil from iran number of member states to have. reasonable reason be considered a purchase that they would have to stop by oil from iran but i think you know the overall. you know we have come together twenty seven

u.k. conservative party to learn more about where the fallout of the year's first block summit will be felt and here's a short preview of what's coming up. but given. that i think they will default you know effectively. the loss that's being imposed. many could argue that the effectively a default anyway what is clear to me is the current debt. is unsustainable but you know i've got a member of the country the part of the euro zone. that the u.k. wants to have a say in what ever the euro zone decides. to be careful of we can give our opinions but you know we did not join the euro in the first place we are against the euro being created. out of many pitfalls that there would be along the way it looks like finding out the hard way that you know you are seventeen countries economic policies into one currency zone while still operating seventeen different economic policies. britain is preparing for the greatest show and taking the possibility of a terrorist attack seriously london summer olympic preparations are calling on all corners of the nations to fancy us but as our panel reports such mea

u.k. conservative party believes greece is sliding into default while for britain staying out of the euro zone was a victory. i think it will be full you know effectively. the loss that's being imposed. you could argue that that's effectively a default anyway what is clear to me is the code. is sustainable but you know a member of the part of the eurozone. we can give our opinions but you know we did not join the euro in the first place we are against the euro being created. many pitfalls that there would be along the way looks like finding out the hard way. seventeen countries economic policies into one currency zone. operating different economic policy. while watch the full version of that interview here on our next hour and now to get more from the world of finance let's cross to our business desk. it's twenty five minutes past one pm here and while screen watching business on r.t.e. emerging market currencies are seeing the best start of the year since the turn of the century as global appetite for risk increases the russian ruble along with mexican peso and brazilian ryall have outpe

u.k. conservative party believes greece is sliding into default while for britain staying out of the eurozone was a victory. i think they will default you know effectively. the loss that's being imposed on the bondholders at the moment many could argue that that's effectively a default anyway what is clear to me is the current debt. is unsustainable but you know i've got a member of the country that is part of the euro zone so euro zone itself enough to work that out the way we can give our opinions but you know we did not join the euro in the first place we advised against the euro being created. and we pointed out to many pitfalls that there would be along the way it looks like finding out the hard way that you know you can compress seventeen countries economic policies into one currency zone while still operating seventy different economic policies. and you can watch the full version of the interview our next hour here on our. works to finally rein in its less than fiscally responsible members the kaiser report looks at what got them into this whole mess in the first place and their take o

u.k. conservative party he believes staying out of the euro zone was a victory for britain well here's a short preview of what's coming up. we can give our opinions but you know we did not join the euro in the first place we advised against the euro being created. and we pointed out to many pitfalls that there would be a longer way looks like they're finding out the hard way that you know you can compress seventeen countries economic policies into one currency zone while still operating seventy different economic policies i. bring up to date here on r t and business news is next with natasha. hello you watching our business our team. large market currencies are seeing the best start of the year since the turn of the century that's according to the financial times as global appetite for risk increases the russian ruble along with the mexican peso and the brazilian ryall have albert form the currencies of the industrialized nations most of them gave more than five percent against the u.s. dollar for first thing sharp losses of the recent months by contrast the euro and the pound gain less than o

countries as well it's been more than a year and a half since david cameron and his conservative party rose to power in the u.k. on a platform of bringing austerity spending cuts in government layoffs to a nation fighting a recession and mounting debt. you know that same kind of us austerity that republicans here are trying to bring to the united states of massive budget cuts after a year and a half the results are in austerity flat out doesn't work let's just look at the numbers in the final quarter of two thousand and ten when cameron's austerity agenda went into effect the british economy shrank by a half percent then rebounded slightly in the first three quarters of two thousand and eleven but not exactly the type of growth that could turn around an economy and now today we've learned that in the last quarter of two thousand and eleven the british economy is once again going backwards contracting at two tenths of a percent the i.m.f. slashed economic growth forecast for the u.k. in two thousand and twelve and more and more brits are turning against cameron's austerity that was unclear display last august w

party members. you have to remember the country with 1.3 billion population. i don't think that you can call china the communist country. you cannot call the u.k. a conservative uk. >> yes, but you can call it a capitalist country. >> this is a socialist country with chinese characteristics. that is different. >> talking to young people in particular in beijing, i got the impression that they were pretty optimistic about the chinese international role. they saw this as the century which was developing in a way which is going to make china a much more significant force in the world. do you think that? >> china will certainly contribute its part to the prosperity of the world. we do not see china as a superpower. i would characterize china as the largest developing country with increasing international influence and responsibilities. >> but people look at what china does. in the security council, for example. you opposed to sanctions on syria, sanctions on iran and they wonder what you're trying to achieve. >> they are not a threat. >> iran is a threat to world peace. >> iran within the clear weapon is not in the interest of peace and stability in the region. c