continue to tighten its grip. >> speaking at the european parliament in strasbourg on wednesday, viktor orbanend some of the legislation that has prompted the eu commission to threaten legal action for breaching european treaties. our eu correspondent followed the debate, and i asked him whether orban did enough to appease its critics. >> i think the european commission is taking it with a pinch of salt. he has had one trip to the european parliament. of course he was conciliatory. that was to be expected. but he's does not show signs of accepting that what he has done so far in setting up this new constitution breaches any human rights laws under the eu, in the democratic rights, freedom of the press, and more. he is prepared to talk, we believe. he is prepared to talk about the technicalities. but the commission is being cautious about suggesting that this situation is resolved. they're waiting for this one- month deadline to expire and see what happens by then. meanwhile, he was a the president of the european commission in brussels next tuesday. >> how worried should europe be about what

in the space to 18 months, viktor orbÁn introduced a flat tax which put a hole in the country's budget to fill the hole, he privatized a pension scheme. he neutralized the constitution and he has changed the law to give himself a near permanent majority here in the national parliament. he has asked the imf for $20 billion. on ar orbÁn was elected program of no more austerity. to deliver that, he has had to improvise. he has as large companies to take control of the central bank. last week, tens of thousands of young parents took to the street to oppose what they call a constitutional coup. these voices find very little support within the official system. >> this is a critical party. >> this man is a leading figure in the green party elected to fight off pollution and climate change. >> they have turned their attention to this national bank which has a reserve of 75 billion euros. half of it would be enough to finance the budget. this is extremely dangerous, the reserve of the national bank is the last anchor of the honduran economy. if they do that, there is not any further stop from b

the money you can just already that's our requirement just to go over some of the policies that viktor orban has introduced in hungary which are called an orthodox from levying a large windfall taxes on banks and other industries to diverting pension funds from private management backed into state coffers that and these have apparently made investors nervous. oh argentina. so you know let's look at another former eastern european put former soviet bloc nation which threw off the chains of command. and in control communism only to ing brace the commanding control interest rate setting banks thursday grand illusion why europe should question wisdom of austerity by alan scherr ter first let's start with this chart which is shows the biggest declines in modern economic history as we see the biggest on the bottom there was one nine hundred twenty nine that's from the us when real g.d.p. declined by twenty eight point nine percent over four years two thousand and seven that's lot it declined by twenty four point one percent in just two years and then two thousand and one argentina declined by twen

the legislation is part of prime minister viktor orban's reforms aimed at strengthening his government's grip on power. the european commission said on tuesday that the law violating eu regulations designed to protect the independence of central banks. the eu will take the case to europe's highest court. the european court of justice, if the hungarian government fails to comply. jose manuel barroso said the quicker the argument is resolved the better. >> we hoped that hungarian authorities will make the changes necessary to gain the respect. this has not been the case so far. therefore, we have decided to begin proceedings. >> barroso will meet orban in brussels next tuesday to try and reach a compromise. >>> tokyo stocks are moving in a narrow range this wednesday morning as investors stay wary of europe's debt problems. the nikkei is currently trading down by just 7 points, a loss of less than 0.1%. currently at 8458. the broader topix also down 0.20% at 730. concerns that the bailout fund may hamper the euro zone's efforts to contain the credit crisis. some players are holding back fr

day after it came into force activists chanted anti-government slogans and denounce president viktor orban space center right regime as a dictatorship they say the new laws undermine democracy and threaten judicial independence the legislation was pushed through parliament last april despite criticism from the u.s. and new. in the u.s. republican presidential hopefuls are competing to win over the people of iowa in the first election of the voting season the polls are the first in the state by state contests to choose the republican contender for barack obama's white house chair in the presidential election later this year candidates ron paul rick santorum and mitt romney are the current favorites around one hundred twenty thousand are expected to vote in tuesday's party election. and afghanistan a suicide bomber on a motorcycle has killed five people including a police officer in the city of the hut an official said the explosives were set off near a police checkpoint injuring sixteen others there was no clear target for the attack but it may have been aimed at a police vehicle that was o

day after it came into force activists chanted anti-government slogans and denounce president viktor orban central arrive regime as a dictatorship they say they. don't mind democracy and threaten judicial independence the legislation was forced through parliament last april despite criticism from the u.s. and the. in the u.s. republican presidential hopefuls are pushing to win over the people of iowa in the first election of the voting season the polls are the first state by state qantas to choose barack obama's republican rival in next year's presidential election candidates wrong paul rick santorum and mitt romney are the current favorites around one hundred twenty thousand are expected to vote on tuesday. a massive forest fires have swept through chilly southern and central regions with one confirmed death and over twenty thousand hectares of forest land destroyed hundreds have been forced from their homes as firefighters battled to control the blaze and it spread across three provinces chilly south is currently suffering from a prolonged drought and heat wave making it highly vulnerabl

activists chanted anti-government slogans and denounced president viktor orban central ride regime as a dictatorship they say the new wasn't remind him obviously and threaten traditional independence the legislation was pushed through parliament last april despite criticism from the u.s. and the e.u. . in the u.s. republican presidential hopefuls are competing to win over people of iowa in the first election of the voting season the polls are the first in a state by state qantas to choose the republican contender for obama's white house chair in the presidential election later this year candidates ron paul rakes and torm and mitt romney are the current favorites around one hundred twenty thousand are expected to vote in tuesday's party you action. massive forest fires have swept through chile's southern and central regions with one confirmed death and over twenty thousand hectares of forest destroyed hundreds have been forced from their homes as firefighters battle to control the fears boys that spread across three provinces chilly southeast currently suffering from a prolonged drough

legislation and garion prime minister viktor orban has been criticised for passing reforms that threaten the independence of the media and vishal system plans cause public outrage and brought tens of thousands out onto the streets in protest. it's been a year since raging protests spurred by high unemployment and corruption brought regime change to tunisia but many economic problems in the country remain unsolved especially one region which is rich in natural resources yet still live in poverty . has the story this is a region where things are run a little differently from the rest of tunisia when. my father worked in the mines for twenty five years my two brothers were in the mine we live in the mining region days arranged by the sound of the home from the mine not by calls to prayer. the gas a-basin is home to tunisia's phosphate mines one of the key exports in the country which ranks fifth in the world for phosphate production yet for the past three years the workers and their families have been involved in a bitter struggle with their employer gaffes of phosphates that we never took

legislation and garion prime minister viktor orban has been criticized for passing reforms that threaten the independence of the media and judicial system plans cost public outrage and brought tens of thousands out onto the streets in protest. or tourists have been kidnapped following a gun attack that killed five others in northern ethiopia the group of european holiday makers were attacked by a known as silence while exploring volcanic sites close to the border with it reaches officials have blamed the incident on terrorist groups that operate in the border zone. it's been a year since raging protests spurred by high unemployment and corruption brought regime change in tunisia but many economic problems on the contrary unresolved especially one region which is rich in natural resources yet still mired in poverty are tasering a glooscap has a story. this is a region where things are run a little differently from the rest of tunisia. my father worked in the mine for twenty five years my two brothers worked and died in the mine we live in the mining region our days are arranged by the sou