ahead of the european council summit, the finnish prime minister played down the importance of the eu's achievement. >> we had the two world wars. the we had european civil wars. >> the three main figureheads will accept the prize when it is awarded in oslo in december. >> our european affairs correspondent joins us from brussels. what was your response? >> generally, surprise and amazement. this came out of left field. politics and seeming to going to the trenches, as it were, so it sounded like a joke. if you ask me for my initial reaction, i now know at the end of this long day of celebration and surprise that most people, including senior officials, were in much the same position. they had no inkling that this was likely to come out a winner, as it were. it's been a bizarre day. >> when you see how leaders react, you get the feeling that they are somewhat reluctant to show that they are happy. they almost feel guilty considering what is going on in the eurozone right now. >> this peace prize is all about recognizing 60 years of reconciliation across europe. for most modern leaders,

anchor a's bid for eu membership was high on the agenda -- anchor a -- ankara's bid for eu membership. >> merkel pledge german support n the negotiation process. >> everyone came to the chancellery in a position of strength. in the last few years, turkey's status as a regional power has grown. the prime minister is pushing his country's bid for full membership of the eu. merkel promised negotiations on the issue would be fair. >> germany is committed to the process and believes talks should be continued. in this respect, i think the prime minister can assume that eu institutions and new member states will conduct these negotiations in an honest manner. >> critics say turkey has failed to make progress on human rights and judicial issues. some 2000 protested the visit and accused turkey of trampling on their human rights. the prime minister also spoke of assyrian refugees, saying it is too early to call for a no-fly zone over syria but urged the united nations to create safe havens for civilians. >> as long as this decision is not taken, we cannot follow through with measures in the no

an irish play to says it violates basic eu principles. -- the eu plaintiff says it violates basic principles. revenue member state can resume the responsibility or liability of any other member state. >> experts are divided over whether those provisions apply to the bailout fund. it is unclear if it also covers voluntary aid payments within the currency union. the court will hear arguments from 10 eurozone countries including germany and from eu institutions. a ruling is expected by the end of the year. >> on tuesday's market action. let's take a look at the number is kicking off in frankfurt where the dax -- it finished the tuesday session down by more than 2%, taking quite a beating there, done at 7000 -- taking quite a beating there. across the atlantic on wall street, the dow is currently down by 1.6%. the euro trading lower against the dollar at a value of $ 1.2976. we have this report of the tuesday trading session from the frankfurt stock exchange. >> not a good week so far. it has only been in one direction -- downwards. the positives accumulated in the before is more than used up. w

the economic penalties by the eu and the u.s. have caused the value of the currency, the riyal, to plummet. thousands of people took to the streets of tehran two weeks ago in protest. a spokesperson from iran's petroleum ministry said earlier this month a natural gas embargo would have no effect as the country doesn't export it to the eu. iran has the second largest natural gas reserves in the world. officials say they plan to expand exports to turkey and other neighboring countries. but these latest sanctions could affect those plans. >>> eu foreign ministers agreed to tighten sanctions against syria, too. they've been trying to pressure president bashar al assad to stop a crackdown on his own people. the ministers shared their concerns about the spread of the conflict into turkey and other neighboring countries. they agreed to impose sanctions on more individuals and companies. >> we've added 28 people to the list of those subject to a travel ban and an asset freeze. two additional entities were targeted with an asset freeze. >

. >> at the eu's summit in brussels, leaders reached a hard-bop compromise. >> germany court convicts 10 somali pirates in the first piracy case in 400 years. -- at the eu summit in brussels, leaders reached a hard-fought compromise. >> a senior lebanese intelligence official has been killed in a massive car bombing in central beirut that left seven other people dead and dozens injured. >> tensions in lebanon have been rising as a result of the syrian conflict, although it is not yet known who is behind the attack. some are already speculating it could be elated to -- related to the ongoing fighting. >> lebanese religious communities are divided between those who support the current government and the sunnis who backed the rebels. >> these men are trying to stop a young girl from jumping out of the damaged building. it was the midday rush hour in beirut when the massive car bomb detonated in the christian district. many parents were fetching their children from school. other residents of the area were enjoying an outdoor lunch. >> we had just finished eating when the roof over our hea

germany saw a fall of 11%, the eu average. britain was the only market where sales grew. europe's dealers are offering big discounts just to keep the wheels turning. one in three cars leaving the lion's of timber was a discounted test car or company vehicle. now, europe's biggest car maker, volkswagen, is joining the discount war by cutting the price of the golf 6 by around 20%. >> how did that news go down with german traders? our correspondent has more from the frankfurt stock exchange. >> the heavy slump on the european car market was the only bad news. general, the mood was very good. oraror icony, and lots of positive u.s. corporate numrsued strong investment banking. tiayget help very soon. >> let's get a closer ir' benchmark tax is higher on the day. it wasur stoxx 50rly 0.7 higher tians. th wt toake its for ts,ut ect deilare no car thpart ny pplfeheubc sinue' jt w -olc caer heaslsma goodonntrspen iertial ppt secionstuon tn moac sfe, igo thbd aiho mu tyard tse licsnd wt r.heouesan- rrtiaw w cinupfttoal tpelen oos aians os kenwenau ia ge tu >>elmeac >> cuba is gra i

she was speaking on her trip to the balkans with her eu counterparts. she said balkan membership in the eu and nato would be the best way to guarantee stability and prosperity. >> clinton's next stop -- serbia and close above -- kosovo. a new report by the european court of monitors suggest the money poured into kosovo has not had the desired effect. >> the eu has spent billions in kosovo. it gets more eu money per capita than anywhere else in the world, but auditors say much of that has gone to waste. >> we found that the european union's assistance to the custom sector by a large has been successful, but that unfortunately, payment to police and judiciary has been less successful because levels of crime and corruption remain high. >> the eu has sent 2000 staff to try to improve the justice system, but the auditors say kosovo's politicians interfere too much with the judiciary, and they say levels of corruption and organized crime remain high. the eu admits it is a difficult process and says it is putting pressure on kosovo to improve. >> we are pushin

so why bring me eu in after the war? [indiscernible] to keep europe under some kind of control, and it is not working. european citizens in different parts of europe will be laughing at this decision. >> tariq ali, thank you for being with us, a british- pakistani political commentator, historian, activist, filmmaker, novelist, author of over 20 books including, "the duel: pakistan on the flight path of american power." this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. when we come back, we expand the debate. we bring two third party vice- presidential candidates into the vice presidential debate that was held last night in kentucky. stay with us. ♪ [music break] >> this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. road in the albuquerque, new mexico, headed to silver city and tonight we will be in arizona, followed by tomorrow in phoenix and tucson and tomorrow night in phoenix. with less than 24 days before the 2012 general election, the two wa

the eu executive body said the eu is importing fewer south korean cars than it did before the global financial crisis began in 2008. it concluded the current situation does not require monitoring. france called the commission's decision regrettable. it said a free trade deal should preserve the interests of the domestic industries of signatory nations. france suggested it will request tough conditions when the eu starts talks with japan for an economic partnership agreement. >>> facebook executives announced they're in the red for the second straight quarter. business expansion costs exceeded growth. the revenues for july to september period, topped $1.2 billion. that is up over 30% from the same period last year, a surge in advertisement revenue was a contributing factor. but the firm spent more on research and development, payroll and expanding operations, bringing it a net loss of $59 million. the number of face book users hit $1 billion in september. but the site hasn't turned a profit since going public in may. the chief executive says the firm aims to lawn. services for smart p

but the prize honor the eu for the atmosphere of peace and reconciliation for the last six decades. >> i did not expect it to be such a good day. it is with great emotion i received the news to award the global peace prize to the european union. >> the european union emerged from the barbarism of world war ii. when the berlin wall came down in 1989, the u.s. acted as a beacon for democracy for countries that had been under soviet rule. but the nobel committee's decision is controversial to some. in the falklands, the eu failed to act to save lives. >> i think it is a statement about peace in your. i think many of us would argue that nato has kept violence today more than the european union did. >> and today the european union is being challenged by a debt crisis that has caused the new tensions in southern europe. spain observed its national day today in a somber mood. recession and unemployment pulled protesters onto the streets and many question whether this was the right moment for a peace prize. >> actually, i was surprised. i think it is not the best timing for europe to win this

germany saw a fall of 11%, the eu average. britain was the only market where sales grew. europe's dealers are offering big discounts just to keep the wheels turning. one in three cars leaving the lion's of timber was a discounted test car or company vehicle. now, europe's biggest car maker, volkswagen, is joining the discount war by cutting the price of the golf 6 by around 20%. >> how did that news go down with german traders? our correspondent has more from the frankfurt stock exchange. >> the heavy slump on the european car market was the only bad news. in general, the mood was very good. investors are getting more optimistic for the german economy, and lots of positive u.s. corporate numbers fueled the mood. goldman sachs profit rose much higher than expected thanks t the strong investment banking. shares of banks could profit from these results, driven also by speculation that spain may get help very soon. >> let's get a closer look at those gains on the global market. we stick in frankfurt where germany's benchmark tax is higher on the day. it was nearly 2% higher.

but france is among several countries expressing concern over an eu/japan deal. they say it will lead to a sharp rise in auto imports. >>> now people in india have suffered through chronic shortages of electricity, even blackouts. they may get some relief. their prime minister has held talks that could pave the way for imports of uranium from australia. man mohan singh hosted the australian prime minister in new delhi. they agreed to start negotiations on nuclear energy cooperation. australia has the world's largest reserves of uranium. it overturned a ban on exports to india last year on condition the uranium be used for peaceful purposes only. due to an electricity shortage, indian authorities are planning a sharp increase in nuclear power capacity. but indian leaders have not signed the nonproliferation treaty set up to control the spread of nuclear weapons. >>> that's all for business news for this hour. i'll leave you with a recap of the region's markets. >>>aininger is spreading among residents in the southern island of okinawa over the alleged rape of a lo

>> reporter: eu foreign ministers made the decision on monday. they said they took the steps because they've made little progress. the measure excludes medical and humanitarian aid. they've decided to impose a total ban on imports of iranian natural gas. the current amount of import is quite limited. the union already banned iranian crude imports in july. >> we've said sanctions are there to apply pressures to meet international obligations. they are not aimed at the iranian people. >> reporter: the eu's latest move is an attempt to gain concessions from iran regarding nuclear ambitions. >> leaders are calling for national unity in a show of defiance. >>> a spokesperson said a natural gas embargo would have no affect. iran has the second largest natural gas reserves in the world. they plan to expand imports to turkey and other neighboring countries. the latest sanctions could affect those planned. the penalties have caused the value of iran's currency to plummet. thousands of people took to the streets of tehran this month in protest. he called o

. >> committee members say the eu and its forerunners have contributed to the advancements of peace, reconciliation, democracy, and human rights for the past 60 years. they say the union has played an important role in transforming most of europe from a continent of war to a continent of peace. european nations formed the eu in 1993, building on the european economic community or eec established in 1958. nobel prize representatives note the eu is currently undergoing economic difficulties and social unrest. but they say they want to focus on the bloc's successes. the award appears aimed at encouraging member nations to work together to overcome their challenges. the eu's top official who was in tokyo to attend the imf/world bank meetings spoke to nhk. >> we have challenges for the moment in europe, but, it is indeed a happy day for europe and i trust for the world. >> european commission president jose manuel barroso welcomed the news. he said the award is a great honor for the citizens of europe, all member states, and european institutions. >> it is justified recognition for any pr

this year, the prize goes to the eu. the prize reminds everyone there is peace in europe because of the eu. >> it is business as usual at the european union district in brussels. you would hardly know the eu had just won one of the greatest honors in the world, of the peace prize. >> we've been in brussels for two days. we are surprised no one is celebrating. you would have expected it. i guess people celebrated quietly. >> the price will boost confidence in the face of the crisis and i hope it does a bit to unite europe. >> this person as a two-time nobel peace prize winner. doctors without borders won the nobel peace prize in 1999. >> it was tremendously motivating, a great recognition of what we do every day. >> back in 1999, piere had just returned from africa. since then, he provided medical care to immigrants in brussels. not all winners are organizations. some great individuals have won it, too. the polish leader of the dissident union -- the poles or the first to liberate themselves from communism. there is plent

the problem is the eu is disintegrating and it will probably become to eu is. i'm not sure who gets to keep his private long-term. >> in all seriousness, they have said that the eu has had a stabilizing effect on the continent. i don't know how you can look at pictures of greek protesters dressed as nazis to greet and the love to win of angela merkel. i'm not sure how that is a nobel peace prize committee and what they are thinking of. neil: go ahead, john. >> the frederick is something you would hear years ago. you have some of them that are very upset, bringing up not see references. it is just terrible what is going on. you actually have germans i know trying to cut taxes because greece won't do it themselves. it is being exacerbated by now, i mean, this is something that is not sustainable. >> did they run out of other people? who got second and third-place? that's what i want to know. neil: john, i hear the u.n. mountain climbing in africa. it had something to do with me. could you explain? >> of course, raising money for a great group of kids that i work

that's going to be one of the great challenge for the eu. it's going to be a challenge for the united states. >> this is not just limited to those 27 members. >> yes. >> this affects us and that's why we would start every show looking at the markets and the impact here. >> if they can't find their way forward as they have found their way to the present we are all going to suffer for it. what the nobel committee can do at best is recognize that in spite of the noise and the drama and the conflict right now, there has been movement and accomplishment that we should probably acknowledge respectfully, even though, you know, it's an odd thing to give it to an eu. s there the question of who will get the prize money. if you're a citizen of the eu, the last thing you feel is, hooray, this has been a great thing. >> zachary karrabell, thank you for being here. >>> next, our news nation gut check. >>> baby boomers are stressed out. take care of yourself with these stress relievers. get exercise, walking in particular can improve your mental and physi

but the eu nevertheless -- we thought it was some sort of rumor. but in fact it goes to the eu. >>> still to come on the show, joe biden and paul ryan go toe to toe in their one and only vice presidential debate. >> did the fiery exchange sway the minds of american voters? we'll take a look. >>> joe biden and paul ryan came out swinging at their vice presidential debate. both were more confrontational than last week. they traded blows frequently interrupting each other and making pointed accusations on on a wide range of issues including libya, taxes and medicare. here's one of the more heated exchanges. >> you can cut tax rates by 20% and still preserve the important preferences -- >> not mathematically possible. >> it is. it's been done before. >> it has never been done before. >> it's been done a couple times actually. ronald reagan -- >> now you're jack kennedy. >> so was there a clear winner? 130,000 votes, and joe biden is leading with more than half. joining us for more, julian epstein and boris former aide to mccain/palin campaign in 2008.

they can give the eu the prize for economicings. that is the only way to go beyond. >> this is a group stolkhol'm. part of the reason that the european was providing an examine. >> they were saying an example of peace. >> i am looking at images of riots in greece and elsewhere. that is not an example of peace. >> they mean over the last 60 years and even there they are confusing cause and affect. the eu was not a cause but a symptom of a peace in europe born out of the defeat of fascism and spread of democracy . thos what made the european possible and it is bit much for them claiming credit for it. >> they are silly prizes for themselves not with standing. can and by the way. >> it is those blondee guys. >>> and do you get a sense that that could happen here? i mean, these huge disruption and people who get used to government protection and we are up at the point. 47 percent pay no income taxs and i always add to that. they are not all sucking off the government . many have paid other taxs and still pay them and many are soldiers a

it means free travel. -- many eu citizens. private individuals and companies can save time at the borders because there's no need to show your passport or fill out complicated customs forms anymore. it also means that police on both sides of the border could intensify their cooperation. for german and polish forces, this proves to be crucial. >> at first glance, the district looks idyllic, boasting unspoiled nature, small villages, and wide-open spaces. it borders on poland, but since the country -- since five years ago, the border has been open. traffic jams and lineups are a thing of the past. and yet, something is not quite right here. our camera team immediately met with mistrust whenever we approached local farmers. somere angry and aggreive. others just careful. >> we live in fear. when you hear a sound at night you wonder if it is just a cat or if someone is prowling around again. that is how it is on many farms. no one can do without security. >> farmers here are living in fear of thieves who steal their equipment. sev

some 40,000 people took to the streets of athens to express their anger with the eu, the austerity measures, and the german chancellor. safely away from the protests, angela merkel said she understood the problems facing many greeks. she promised help as athens performs its health system. >> i believe it will be worth it in the long run. if problems are not solved now, they will only get worse in the future. >> the greek prime minister agreed and said his country was not looking for extra handouts and that anyone who bet on the collapse of greece would be disappointed. >> check -- chancellor merkel also said she understood that tough austerity measures must be accompanied by moves to stimulate economic growth. >> that is why we will do everything we can to help greece gained access to loans from the european investment bank. >> but promises like that are too little, too late for these people. they blame the german chancellor for the economic misery, and the anger and resentment continues to spill over into violence on the street. >> time now to go live to athens where our reporter is standi

. >> german chancellor angela merkel is demanding an eu commissioner be given sweeping authority to veto national budgets if they violate eurozone rules. >> french president francois hollande says that issue is not even on the agenda and that the priority now was to get moving on a european bank. >> going into the summit, the french president and german chancellor did not appear to be on the same page when it comes to the timetable for change. >> at our summit in june, we undertook to introduce bank oversight measures by the end of the year. it is now october, so we have to start implementing that decision now so that a bank supervision system is up and running by year's end. >> this will not be a meeting with final decisions are made. we will be preparing the way for our decision in december, but we have to make sure our preparations are right. >> the leaders buried their differences for the cameras at least. it is thought merkel and hollande also discussed the idea floated by germany of a super commissioner who could take control of budgetary policy if necessary. when it comes to refor

would not work. >> instead, you leaders agreed to have the legal framework in place by january 1 -- eu leaders agreed. the european central bank is to lead the mechanism, but the precise number of banks to be monitored and what powers it will have remained unclear. france was looking for more rapid action. >> what do i feel about this meeting? it took longer than what is really necessary because there was already a basic agreement between germany and france, but it took longer because it was also a debate between those in the eurozone than those outside. >> those differences were also evident in other areas. non-year-old member britain is already threatening to veto the you -- non-euro member britain is already threatening to veto the you -- the eu. >> as for the banking supervisor, the european council president says it will be implemented sometime in 2013. the date is important because only then can the eurozone rescue fund start recapitalizing struggling eurozone banks directly. >> let's get a check on how stocks reacted to the banking deal out of europe. our correspondent has more

eu leaders have been hammering out the details at a summit in brussels. julia chatterley has been there and she joins us with all of the details. and i'll just point out, it seems the only agreement is who will accept the nobel prize. >> yeah, but there's not been an agreement on how many will actually turn up to accept that prize. so that remains an open question. we did agree there would be a legal framework in place, but merkel says even that getting in place is highly ambitious. no further talk about just which backs will be eligible to be recapitalized. so questions remain. merkel suggested that there would be differentiation between the banks. some would be directly overseen by the ecb, and some would be indirectly. so perhaps no prizes for guessing where the german savings banks will fall. but we also had discussion about the idea of a eurozone budget and it looks as though based on what germany was saying, this would be proper correct based. so a more broader stabilization than they envisioned. so perhaps a bit of negotiation going on between the

the leaders will also be informed of the progress made on the talks between greek and eu representatives about greece's austerity measures. no financial decision is expected to be made at this summit. >> checking in on the markets. u.s. stock prices closed yesterday as mixed corporate earnings. for more details let's going to ching lee. can you tell us more about the volatilities in the market. >> reporter: u.s. markets took a hit. the results which were released prematurely by mistake showed a sharp drop in profits. let's take a look at how it's moving markets in tokyo this friday morning. both the nikkei and the topix down. t the nikkei managed to close at a three-week high yesterday. today we're expecting china's flash business sentiment. also we'll be tracking the reaction of high-tech stocks and the reaction to the poor earnings results. ramin. >> there's a lot of speculation right now in the markets about what it's going to result from the ongoing eu summit. any progress on that? >> reporter: we can expect some heated debates between germany and france and over how a single supervi

. >> living conditions like these have prompted thousands to apply for asylum in the eu, but because they do not face acute danger, germany and other countries say they want to stand the flow of migrants, if necessary, by reintroducing a visa requirement. >> nearly all member states have similar problems. sweden especially has also made it clear that it will lead to insufficient asylum capacity for people who are actually being persecuted. >> the european commission wants to find a solution. the eu home affairs commissioner has announced a regional meeting in the balkans. >> we have discussed with the ministers how we can improve their fortune in order to get down those numbers of asylum seekers. >> in germany, it can take up to 14 months before objected -- rejected asylum seekers have to leave the country. >> in austria, we have a different system regarding the provision of basic needs, and i think that of course, that is a factor in germany being a kind of magnet because people looking to abuse these laws know they can get cash year. >> as the meeting concluded, one thing was clear

don't know if it's going to work. >> maybe if norway joined the eu or maybe they will give the prize money to greece. >> yeah. they could use it. >> thank you much. up next, spoiler alert. we're taking a deep dive into whether some third-party candidates could change the outcomes in some battleground states. the daily rundown will be back in 30 seconds. >>> it's been 160 years since the u.s. has had a president that wasn't either a republican or democrat and that was willard filmore. of course, that third party, the republican, became one of the two major parties. no actual third party candidate has won since. but that hasn't stopped them from trying and although their track record of victory is zero, a handful of nonmajority candidates have imagined to impact presidential races. there was ross perot and he wasn't thinking spoiler. he was actually thinking victory. a gallup poll at one point had him ahead of incumbent bush and a man by the name of bill clinton by 14. he left the race and returned in october for the debates and it's the second time that an independent candidate had pa

eu officials will ease import restrictions posed after the fukushima nuclear disaster. the eu currently requires inspection of japanese food to satisfy radioactive materials are within safety standards. the regulation covers tokyo and 11 of japan's 47 administrative regions. eu experts decided on monday to relax the requirement from november 1st for all but eight food items they include tea, rice and seafood. an import ban will continue until march 2014. all items from fukushima prefecture where the nuclear plant is located. officials say they will examine radioactivity levels in samples from next year's harvest. >>> officials at russia's largest state run oil company say they have agreed in principle to acquire an entire stake in the country's third largest oil firm. they will buy out tnk-bp, joint venture between british oil giant bp, and a rush owned company. if the deal goes ahead, the company will account for about 40% of russia's oil output. it will also become the world's largest energy firm. bp expects to gain $12.3 billion cash from the deal. the british firm w

stressing, eu forces are to train soldiers only. mali has been virtually split in half, since the military coup in march. islaming fundamentalists with links to al qaeda have taken over the northern part of the country. european leaders say, if the situation continues, northern mali could become a hotbed of terrorist activity. posing a potential threat to security in europe. >>> the u.n. security council is debating the issue. it is considering sending thousands of international troops, mainly from west african nations. and that's all for now on this edition of newsline. thank you very much for joining us.