problems is more europe ok but a lot of people on the ground are saying enough europe how do you square the circle well you need leadership of course the anxiety tells you i go back to the to the place where i feel comfortable the comfort zone is the nation state so far of course you have to show that there is a solution with more europe and not even more trouble i strongly believe in an economic crisis if i'm going to america and. the names of the leaders are say we need to more coordinate these things people would agree and you make policy by policy you see that north africa immigration is not an italian problem so you don't make it national competence but european you see that foreign policy cannot be national nationally let's say steer only but european wide and step by step people will understand that this solution is more europe ok let me tell you how do you explain people in spain for example when there's fifty percent unemployment for young people the you need more europe. well you know i think if the spanish people look at the successful nations of europe that's where they wher

europe, it's a little more complicated. you start with the national governments and they have their own constituencies, their own electorates to represent. now add to that a layer of eurozone institutions, so organizations, institutions that were built to deal with europe and the eurozone. one of them is the european commission, which is based in brussels and they are essentially the administrators and the bureaucrats of the european project. but also crucially, in frankfurt, the european central bank, which is the central bank for all 17 eurozone countries and the closest thing that the euro has to a fed, only it doesn't perceive itself as powerful as the fed. >> many people knew there would be a crisis all along at some point, because it was only when you had the crisis that you have the political impetus to actually put in place the political institutions that a single currency needs. (instrumental music) >> in 2009, the e.u. began to buckle under the pressure of the international credit crisis. >> the '08/'09 financial

you heard it from europe. there are not many people that david cameron can renegotiate with by the sounds of it. >> except for one thing, as a response to the eurozone crisis there will have to be a different relationship inside the european union. many countries want a different relationship from what currently exists. there is going to be changed. the status quo will not be an option. the idea of britain changing the dynamic is disingenuous, but there is going to be changed inside that relationship. we want the direction of travel to be different, a looser relationship. i have to say that whatever the reaction, the decision of what happens to the united kingdom and its people will be taken within the and and did kingdom and its people. >> there will have to be talks anyway, so why should britain not renegotiate its fleet with europe? >> first of all, we have an agreement that is ratified by all member countries under a referendum. it was a compromise by the different member states. more opting out means a re

in europe stay with r.t. . as usual. the only thing we want. is. technology innovation all the developments around russia we've got the future covered. let me let me let me ask you a question. here on this network is what we have in the bank we are not. going to do this right it's a bad thing never get here and. talk about your name and. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you don't know i'm tom harpur welcome to the big picture. mission free cretaceous free clothes for charges free. range month three. three. three. three broadcast quality video for your media projects and free media r t v dot com . welcome back to crossfire for all things are considered i'm peter lavelle true mind you were discussing the u.k. and the european union. and i think about a year ago in brussels i think it's a very interesting time for the british to call for a referendum even if it's going to be two thousand and sevente

on issue of europe haven't always agreed. he was a leading proponent of britain joining the single currency and i've always been opposed to the. on issue of the referendum i gently remind my right honorable friend he was in that referendum was very much part of his manifesto of the last election. [shouting] >> in the interest of harmony i think we'll leave that to one side. >> mr. speaker, a constituent of mine with a chronic medical condition tells me that he is just 20 pounds a week to spend on food and clothing after paying his utility bills, and after april after the welfare cuts in april, he will just have to pounds a day. if the prime minister police we're all in it together, with the agreed to review the impact on the very poorest of the welfare cuts so that my constituents sacrifices are in line with his own? >> i will look very close to what the honorable gentleman says and the circumstances. let me just make the point, if you compare 2013 with 2010 in terms of the level of key benefits, it is worth making this point

in europe stay with our team. as usual. even with. this. the first baby steps are joy. folds and bones are not a big deal. but they can cause terrible trauma. for children can be broken by bare touch. and only the will of life can make old pains and sores weigh. fragile people on r.t. . hold it hold it hold it hold it hold it place player on blood. that in that speech. she placed her. hand on. her i wish i wasn't playing. a bomb of flame good luck player love just see the monitor at the end i'm a. fan of the i don't know how to run i'm a little guy. fifth. me he. says. to me one. doesn't play. the lead. welcome back to cross up or all things are considered i'm peter lavelle true mind you we're discussing the u.k. and the european union. let about a year ago in brussels i think this is a very interesting time for the british to call for a referendum even if it's going to be two thousand and seventeen europe is still on the mend and if we can do we look at the european union and we look at the eurozone this is something but this is very bad timing because they still need

in europe stay with r.t. . as usual. the only thing. is. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you. are welcome pacific ocean. here is mitt romney trying to figure out the name of that thing that many americans call a dollar. i'm sorry i'm just a guy who cares an awful lot about what uses are our. kind of my terror cells in your neighborhood all want to give us a feature is not the only liberal the crystal ball against paul i can see your beliefs about it. because we're going to distract us from what you and i should care about because they're profit driven industry that sells us sensationalistic garbage he calls it breaking news i'm having martin and we're going to break that. he has. to. say. you know recently one. of our listeners. welcome back to cross up where all things are considered i'm peter lavelle true mind you were discussing the u.k. and the european union. and i think about a year ago i

in europe stay with r.t. . as usual. this is. the first baby steps joy. folds and poems are not a big deal. but they can cause terrible trauma. for children can be broken by touch. and only the will of life can make. and source. fragile people on our team. here the reindeer is everything for the herders. and when it suffers people do their best to help. but the distances are. predictable. will the remedy be in time. to speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about seven v.o.i.p. interviews intriguing stories are you. trying. to find out more visit our big. welcome back to cross up for all things are considered i'm peter lavelle to mind you were discussing the u.k. and the european union. and i think about a year ago in brussels i think it's a very interesting time for the british to call for a referendum even if it's going to be two thousand and seventy i mean europe is still on the mend and if we can we look at the european union and we look at the eurozone this is something but this is v

in europe stay with r.t. . as usual. this is. sick let's apply here. it's very profitable to invest in colombia we did very profitable there's a very high return on investment. here i said but i've been working in this area for thirty years and i've always had to play the armed groups i meet. the ministers who change their name and strategy but just tell the same. high ranking suspects you know cause. pretty upset about that mr president. the president. but. i won't give an interview i'm sorry. no. investigation is a dead end. he says sick stuff your bullshit and keep quiet or else you'll suffer the consequences. even if they're your bodyguards to watch themselves because the same goes for them. blood rivers for gold sage i'd never heard of such a case as ours were so much money and gold has been stolen for so many years. for all the gold in colombia on our t.v. . the first baby steps i joined. foals and bones are not a big deal. but they can cause terrible trauma. for children can be broken by bare touch. and only the will of life can make old pain an

at the heart of this debate which is that europe always talks about more europe and the need for rules and regulations but the fundamental british objection the thing that's driving britain out of the e.u. is democratic accountability and nobody in the other european institutions wants to talk about the fact that people in their member countries were never really asked whether or not they want a single political state which is the general direction of travel of the e.u. at the moment all these cuts britons are going to be asked that question and we pretty much know the answer but nobody else is being asked whether they do want that if they did they would be much more parents of britain so they could have some democratic influence on e.u. institutions that it would be a democratically driven project instead of what looks increasingly like a bureaucratic dream project ok robert i know your opinion go ahead please do. one of the main things is democrat legitimacy in the u. certainly lacks that the commission is proposing legislation the commission hasn't been elected there's a lot with th

in europe stay with our team. because usually. the only thing will. be. good. just seems. odd to me bentyl. wealthy british style. markets why not. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines two kinds a report on our. evenings . to meet. me speak for language. for programs and documentaries in arabic it's all here on. reporting from the world's hot spots seventy yards interviews intriguing stories for you to. see been trying. to find out more visit our big teeth. his or. her. welcome back to crossfire poor all things are considered i'm peter lavelle true mind you were discussing the u.k. and the european union. and i thought about a year ago in brussels i think this is a very interesting time for the british to call for a referendum even if it's going to be two thousand and seven in europe is still on the mend and if we can we look at the european union and we look at the eurozone this is something but this is very bad timing because they still need to mend the process and that means

what i want to see in europe is a changed your. then we asked the people. >> despite his busy morning i'm sure the prime minister will have seen today's report from the department of community and local government highlighting a huge savings that could be made from turning around the country's most troubled families such as the children -- equating to 32000 per family. may i ask him what he's doing to ensure that these lessons are put to good use by local authorities across the country? >> i think my honorable friend is making an important point i don't understand why people are trying to shut down what should be a cross party initiative to try and deal with the most troubled families in our country. there is one council that actually spent up to 20% of its budget on just 3% of its families. this is a problem affecting all local authorities right across the country and i very much commend the approach the communities secretary is taking to bring together local councils and work out how we can help these families solve their problem

it is key to the recovery of europe. second of all is a plan that he talked about on july 26th in london last year which is the outright monetary transactions, omt, where it's the ecb would buy bonds from the countries in trouble along with the european stability mechanism under certain conditions. in other words, certain conditionality. now, the ecb isn't going to put up that conditionality. they've got enough on there as a central bank and now as a supervisor for the banks. and so it'll probably be the international monetary funneled. but they haven't really -- fund. but they haven't really agreed what kind of conditionality they're going to put up and who's going to do it. the lead candidate for this should be spain, but the prime minister of spain told me several months ago he'd only go into this program if there was no additional conditionality other than what he was taking, because he thought he was taking enough in spain. and second of all, if ecb could prove to him by taking this on that the spreads or the cost o

when it comes to europe, it's the same old tories. a divided party, and a week prime minister. >> he has absolute nothing to say about the important issue of britain's relationship to europe. what is his view? >> order, order. response from the prime minister must be heard, and it will be. the prime minister. >> it will be a very simple choice of the next election but if you want to stay out of the single currency, you will conservative. if you want to join this ago giunta, you vote labour. if you want to take power back, you vote conservative if you want to give the power to brussels you vote labour. that is the truth. what we see from his position he wants absolutely no change in the relationship between britain and europe. he doesn't believe the british people should be given the choice. >> the prime minister is very rightly, rightly focus the government on growth and development of new housing. as well as providing much-needed new homes. in my constituency we have two developments, 8000 new homes coming forward. will the prime min

from the more successful states of europe. you want to jump in on that and i can i ask all of you about how globalization has affected this here because everyone says bigger is better. we look at trading blocks and what not. you may where you may have many smaller is not all united by the better i mean smaller states like switzerland like. to monaco are extremely rich and prosperous i mean what they really think is that will lack of ferrous strong leadership that's had severe i've already been pointed out but second we need a project within we need to procure that may create an illusion that may create a perspective what to call for most of the people we need paying off a strong definition of entity and i think one of the problems of european entity is that this compose is made up of so very different things and very different elements and historical roots in chorus that it's very difficult to find a common other or even a common set of values and i think i mean it well it looks at the symbols that had been developed by the eu

has made a contribution to europe. we have provided a haven to those fleeing tyranny in persecution. we keep the flame of liberty alive. across the continent, and silent cemeteries played hundreds of thousands of british servicemen who gave their lives for europe's freedom we paid our parts for the iron curtain and champ named into the e.u. of those countries that lost so many figures to communists. contained in this history is a crucial point about britain, our natural character, our attitude to europe. britain is characterized, but above all by his openness. we've always been a country that reaches out that leads the charge in the fight for free trade and against protectionism. as today as it's always been. independent, yes, but open to. i never want us to put it to drawbridge and retreat from the world. i'm not a british isolationist, but i want a better deal for britain. i wanted better deal if the fantasy british prime minister for the future of the european union. a future in which wants and should want to play c

northern europe, southern europe, uk and yesterday. northern europe is doing much better. the americas, i'm more optimistic. i would watch what our enterprise customers do over the next quarter or two and what our commercial customers do. most people have the u.s. growing up to 2% give on or take half a point. global gdp, give or take a point. asia, it's solid. a lot of people are worried about china coming in for a rough landing. >> we have a guest coming on later who they they might be overheati overheating again. >> i know most of the government leaders. we do home and away programs with government and business leaders. they are really good. welcome in for a soft landing. when you look at governments around the world and we're very close to canada, easy places to do business. but they look at our technology can achieve their goals in terms of standard living, job creation, global competitiveness. >> but when you talk to the enterprise players, we're all waiting for some of these corporates to put money to work. sitting on 3.6 trillion in cash on balance sheets and all y

europe's leaders have begun reacting to the prime minister's speech with warnings of worse to come if the u.k. pushes for the exit door the main message seems to be that britain is not in a position to dictate which rules it will follow and which it won't be one of his following the reaction in europe. well as you can imagine david cameron's speech was watched very very closely here in mainland europe and it's being greeted with concern pretty much all across the board here in germany the foreign minister it did of s. the value said that you know germany have their own problems with brussels having too much power in their opinion over domestic policy of member states however the way that david cameron was looking at going about changing not was and the way forward a similar type of reaction in france from the french foreign minister and he said that well it was that it could be dangerous for the united kingdom if it was to go it's a load outside of europe saying what david cameron was suggesting was like turning up to play for a football team and then walk upon a rival saying no no le

a common view of europe. the raging debate right now is absolutely unthinkable and meets with blank astonishment here in berlin as it does in france. >> looking forward to the official ceremony tomorrow, the same enthusiasm we had 50 years ago? >> well, the signing of the treaty, friendship treaty was a milestone in european history. as you mentioned these countries regarded each other as archenemies, it was t beginning of a long process. perhaps more important than the consultations that it demands between the members and heads of government of france and germany and their foreign and defense ministers is the cultural exchange between the two countries, literally millions of german and french schoolchildren have taken part in exchange programs in the last 50 years, learned each other's languages and formed some of them lifelong friendships. that has really changed the relationships between the two countries. >> thank you very much for the insight, john. in employment, the second part of the season. >> a spec

we'll never be like europe. but germany doesn't do things like. certain part of europe do. greece is failing. i am talking about the economy. they work hard and the productivity is strong. we are still 40% higher than the best economy in germany. productivity per person. >> dana: but does he have a point that one problem is the policy makers don't want to deal with the root cause and the problems that are endemic and they are not hon west the american people. sorry, with the europeans. and mark stein's point is we already voted in people who want big government. we're not honest with ourselves. >> eric: as bad as things are now did it surprise you to see the numbers? from the te parent of labor. >> dana: no, i lived there and i'm not surprised. >> eric: global live we ranked third. third in productivity. here is the point. things feel bad here but they are worse there. >> greg: the point is we knew people elected prefer the european model over the american model. they felt america is too big for the britches. they want to turn the daddy who didn't love them to cool stepdad

when it comes to europe, it's the same old tories. a divided party, and a week prime minister. >> he has absolute nothing to say about the important issue of britain's relationship to europe. what is his view? >> order, order. response from the prime minister must bheard, and it will be. the prime minister. >> it wi be a very simple choice of t next election but if you want to stay out of the single currency, you will conservative. if you want to join this ago giunta, you vote labour. if you want to take power back, you vote conservative if you want to give the power to brussels you ve labour. that is the truth. what we see from his position he wants absolutely no change in the relationship between britain and europe. he doesn't believe the british people should be given the choice. >> the prime minister is very rightly, rightly focus the government on growth and development of new housing. as well as providinguch-needed new homes. in my constituency we have two developments, 8000 new homes coming forward. will the prime minister join

part of that has to do with the economy in europe, and fedex pointed to a slowdown in europe and other issues causing some problems going forward, so fedex reported just a few days ago as a precursor to the industrials and s&p 500. look for more weakness in the coming week. ashley: let's talk about individual names and we will start with those three stocks that you think will beat the street. >> as you know there will always be winners and losers and even in this economy it is possible to pick winners. one of them is a refining company, they're taking advantage of the disparity in rent. they buy the oil at 20% discount and selling it at the global crisis, so that is something pulling their profits higher. the smart estimate take a look at the most recent estimate and the best analyst putting more weight on it is higher than the consensus. typically that tells us he estimates will be taken higher or the company will be earnings and a couple of weeks. sandra: wouldn't that get in the way? >> not terribly surprising giving us the holiday season. but that being said, yes, prices are a prob

i want a better deal for europe, too. so i speak as a british prime minister with a positive vision for the future of the european union. a future in which britain wants, and should want, to play a committed and active part. now, some might then ask, why raise fundamental questions about the future of europe when europe is already in the midst of a deep crisis? why raise questions about britain's role when support in britain is already so than. now, there are always voices sang don't ask the difficult questions. but it is essential for europe, and for britain, that we do because there are three major challenges confronting us today. first, the problems in the euro zone are driving fundamental change in europe. second, there is a crisis of european competitiveness as other nations across the world sort ahead. and third, there is a gap between the eu and its citizens which has grown dramatically in recent years. and which represents a lack of democratic accountability in consent that is, yes, felt particularly acutely here

still to come, the winter of europe's content. in belgium, more people turn to handouts to survive the growing economy. -- the grim economy. the russian parliament about a draft law banning homosexual propaganda. there was only one deputy that voted against it in the lower house. outside, passion spilled over to scuffles on the street. police made arrests after the gay-rights supporters were insulted by opponents. steve rosenberg reports from moscow. >> ahead of the debate inside the russian parliament, there was drama outside on the street. gay-rights activists. police detained 20 people. later, military police turned their attention to the controversial bill. pass the first hearing by a huge margin. it will prohibit the spread of homosexual propaganda in the wording which presence of children. it would mean across russia public events promoting gay rights could be broken up and the organizers find -- fined. >> we see open propaganda that harms. young people will decide on their own how to live in the future and what orientation

a common view of europe. the raging debate right now is absolutely unthinkable and meets with blank astonishment here in berlin as it does in france. >> looking forward to the official ceremony tomorrow, the same enthusiasm we had 50 years ago? >> well, the signing of the treaty, friendship treaty was a milestone in european history. as you mentioned these countries regarded each other as archenemies, it was the beginning of a long process. perhaps more important than the consultations that it demands between the members and heads of government of france and germany and their foreign and defense ministers is the cultural exchange between the two countries, literally millions of german and french schoolchildren have taken part in exchange programs in the last 50 years, learned each other's languages and formed some of them lifelong friendships. that has really changed the relationships between the two countries. >> thank you very much for the insight, john. in employment, the second part of the season. >> a sp

and i think you since complacency in europe. it's interesting that one of the real drivers in brussels, he came out with a statement the other say -- the other day saying complacency and i think he's right on. judge of all these people saying mario draghi made that comment in july 26 with the markets have gone. the markets can be right but the markets can be wrong. and i think that not having been able to do the three things i said with a fixed timeline basically system how long as you're going to be stuck here? and so i think that this is a real question. you mentioned india also. andy was a 8.5, 9% growth. brought below 6% we have these major economies where they are. i think you need a good dose of not only fiscal stimulus and monetary stimulus but you've got to back that up with structural reform and i think deregulation. and i think that's really key for the world to get out of this problem that it is in today. because we agree, growth and jobs. if you can't show the path to grow, that's why i use -- because it is a pathway

in europe stay with party. as usual. please. let me let me respond or not let me ask you a question. here on this network it's what we're having a debate we have our knives out. to do is this not just a bad thing there's again here and this is the way we're going to talk about the need for. sick kids multiply here. it's very profitable to invest in colombia we did a very profitable there's a very high return on investment. here i said i do working in this area for thirty years and i've always had to play the armed. absolutely the more i mean about it i knew that about a ministers of change their name and strategy about it and just tell the same of budrus. high ranking suspects you know comment pretty upset about that mr president you assume. to president clinton. but the new. i won't give an interview i'm sorry but no. investigation is a dead. man and he says he's sick and stuff your bullshit and keep quiet or else you'll suffer the consequences and you got enough then your bodyguards to watch themselves because the same goes fo

five kilometers long and it's the second longest water cave in europe. some say it might even become the longest of the earth. did i tell you that i'm.

still to come, the winter of europe's content. in belgium, more people turn to handouts to survive the growing economy. -- the grim economy. the russian parliament about a draft law banning homosexual propaganda. there was only one deputy that voted against it in the lower house. outside, passion spilled over to scuffles on the street. police made arrests after the gay-rights supporters were insulted by opponents. steve rosenberg reports from moscow. >> ahead of the debate inside the russian parliament, there was drama outside on the street. gay-rights activists. police detained 20 people. later, military police turned their attention to the controversial bill. pass the first hearing by a huge margin. it will prohibit the spread of homosexual propaganda in the wording which presence of children. it would mean across russia public events promoting gay rights could be broken up and the organizers find -- fined. >> we see open propaganda that harms. young people will decide on their own how to live in the future and what orientation

france has the largest muslim community in all of europe. every 12 person in france is a follower of islam today, and the numbers are growing. more people are currently reading the koran than the bible. the number of christians in europe has been rapidly declining. the protestant church says today it attracts fewer and fewer people, resulting in an empty church pews in many places, but what do you do when a church building is no longer needed? do you tear it down or give it a new purpose? some disused churches becomes hotels or restaurants, but there are limits to the new uses that church authorities are willing to accept. in germany, for instance, representatives of the catholic and protestant churches have officially recommended not to turn churches into mosques. one village in france has discovered that this can certainly be a delicate issue. >> there's a small catholic community in the heart of france that has too little money and too many churches. the church of the holy virgin is located in historic town center. a few hundred meters aw

europe is there, but the market is in crisis and sales have been falling since last year -- europe is third, but the market is in crisis and sales have been falling since last year. mercedes is hoping to wow the crowds in detroit with the world premiere of its new e-class line. >> we are optimistic. we have a whole raft of new products and the u.s. market is dynamic. we think the signs are clearly pointing to growth. >> the crisis in the u.s. car market is a thing of the past. americans are buying more cars again. experts are predicting more than 6% increase again this year. >> while some german car wreck -- car makers are racking up record, so is beijing, but for the wrong reasons. >> more cars means more pollution. smog in the capital of beijing has never been this bad. >> beijing authorities ordered government fleets to cut back on driving, but that has had no noticeable effect on the city's dense traffic. no restrictions have been placed on privately-owned cars. instead, residents are being urged to stay home and wear face masks if they must go out. >> i have trouble breathing. to

europe has been the second biggest -- >> did you think china would become the biggest player in europe. >> yes. >> are they spreading out from their -- is that strategic m&a for them or is it the chinese companies just wanting to get global share? >> exactly. i think asia picked up last year. but if you look at asian deals, to this, neither one have come out of asia. there's been a lot of chie chinese deals that have tended to be domestic. particularly, you look at europe with a lack of confidence in european companies. from a buyer perspective, there's less competition. >> and we just heard cic saying that they to some extent prefer to buy into the europe markets directly. so it's to some degree about m&a. it's also about exposure to europe it sounds like. >> it is. and certainly this is something we've been doing for the last five or six years. m&a does deliver value. so companies that buy companies that integrate well -- and is that's the hard bit. it's one thing to close the deal. the value comes when you actually make a go of the bit strategy and get the employees working together

europe is there, but the market is in crisis and sales have been falling since last year -- europe is third, but the market is in crisis and sales have been falling since last year. mercedes is hoping to wow the crowds in detroit with the world premiere of its new e-class line. >> we are optimistic. we have a whole raft of new products and the u.s. market is dynamic. we think the signs are clearly pointing to growth. >> the crisis in the u.s. car market is a thing of the past. americans are buying more cars again. experts are predicting more than 6% increase again this year. >> while some german car wreck -- car makers are racking up record, so is beijing, but for the wrong reasons. >> more cars means more pollution. smog in the capital of beijing has never been this bad. >> beijing authorities ordered government fleets to cut back on driving, but that has had no noticeable effect on the city's dense traffic. no restrictions have been placed on privately-owned cars. instead, residents are being urged to stay home and wear face masks if they must go out. >> i have trouble breathing. to

it was a down day in europe. the dax was down by almost 0.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him of failing to question bad board decisions. at the general meeting, he fought back, saying he has no intention of stepping down. >> if you ask me whether as a board we could have done things better, i will honestly say yes. we trusted people for too long. we could or should have acted sooner, but we did act once we saw what was going on if we had the app

has been following the reaction in europe. well as you can imagine david cameron's speech was watched very very closely here in mainland europe and it's been greeted with concern pretty much all across the board here in germany the foreign minister good of esta valley said that you know germany have their own problems with brussels having too much power in their opinion over domestic policy of member states however the way that david cameron was looking at going around changing not was and the way forward a similar type of reaction in france from the french foreign minister and he said that well it won't but it could be dangerous for the united kingdom if it was to go it's a load outside of europe saying what david cameron was suggesting was like turning up to play for a football team and then walk upon a rival saying no no let's play rugby essentially it's the moving the goal posts martin schulz the speaker of the european parliament certainly pulling no punches he said it would be and it was. it was putting forward and in fa

and core europe and what mr. nowotny feels is going on with the fundamentals of the broader economy on. that point, let me send it back to you in the studio. >> yes. was it -- was it just coincidence that we lost the line after he said 2013 would still be slightly negative for the eurozone in terms of growth, geoff? i wonder. >> reporter: yeah, is that a rhetorical question? >> i wonder whether somebody had an issue with him saying that next year was going to be negative for the eurozone. anyway, they pulled the plug. i don't know. >> reporter: yeah. i think that's a good point. i'm slightly suspicious, as well, since this was our keynote interview this morning. we were keen to make sure we nailed it down and then to have a technical snafu doesn't help you very much indeed. but again, i want to pick up on one of the other things he said which i don't think he said anywhere else. that's why it's important that we did that interview. this question of currency wars and the japanese engaging in the purchasing of euro

europe's debt crisis is becoming an economic and social crisis across the whole of europe. the last few years were about helping the heavily indebted countries in the south of the continent. the next few years are also going to be about helping these, the core economy is -- the core economies. this chemicals business is struggling. it is just as bad here, they believe, as it is in spain. >> the number of unemployment, the number of bankruptcies of companies going bankrupt. the difficulties to have some money, it is exactly the same situation. >> here as elsewhere? >> absolutely, yes. >> to be fair, belgium is still one of the richer regions. unemployment is far below record levels in southern belgium be in southern europe. even here, more and more coming to food banks for handouts. among them, a single mother whose benefits will soon be cut as the government reduces. >> i see it getting worse. there is a lot less food to go around here, and there are more people. it is difficult to find work. >> difficult for many. in nearby brussels, officials speak of signs of improvement

keep it as a customer so right now europe they have more negotiating power because prices are lower that also have the sovereign debt crisis to do with as well the hippie cannot afford to pay out these massive multi-billion dollar contracts the gas pump is already trying to look after europe at the moment and they also have some bills to pay they've got north strain on the south stream as well multibillion dollar contracts that will be pipelines to europe which to bypass the likes of you cry so right now as far as gazprom is concerned they've got supply in the world gas sector here i am in no time high they've got prices low to contend with a bit of busy and she said the launch is this how you love power plants is very telling in date. and are the. capital moscow says the timing could not have been more perfect for gals probably. point gordon with a guess for me is the replacement over gas that is declining from what you afield the bromfield that the three giant fields over gas problem that have been developed and seventy's on now well pos they have peak production so the i experien

france has the largest muslim community in all of europe. every 12 person in france is a follower of islam today, and the numbers are growing. more people are currently reading the koran than the bible. the number of christians in europe has been rapidly declining. the protestant church says today it attracts fewer and fewer people, resulting in an empty church pews in many places, but what do you do when a church building is no longer needed? do you tear it down or give it a new purpose? some disused churches becomes hotels or restaurants, but there are limits to the new uses that church authorities are willing to accept. in germany, for instance, representatives of the catholic and protestant churches have officially recommended not to turn churches into mosques. one village in france has discovered that this can certainly be a delicate issue. >> there's a small catholic community in the heart of france that has too little money and too many churches. the church of the holy virgin is located in historic town center. a few hundred meters aw

and you know it's not as if europe has an inflation problem but this is only going to. increase deflationary forces it's going to slow down. growth it's going to slow down investment so yeah the euro zone's really get beaten up badly by these this currency and let's talk about the emerging market currencies that you mentioned that how do they fit into this well what happens to they have to fight with and what about the russian ruble what what's that role. well their options actually tend to be relatively limited because it would affect the meeting for instance i mean. you're right it's if you'll be all those. things that are relatively high yielding currencies of the financial cost will actually be quite high so what we'll probably end up seeing some for sure is you can see that. she's obviously got some very itself but also. actually controls which resume for instance in korea of the protests. and let's talk about the currency war and that still concept of it all how much correct me if i'm wrong does it actually damage global growth then surely there must be other ways

david cameron is under fire for his ambiguous starts on europe as extracts of his delayed address on britain's future in the you are released to the public. on the bolshoi's artistic director successfully undergoes a first operation to save his eyesight after an acid attack that's being linked to his work at the world famous that. live from our new center in moscow this is our carriage. the hostage crisis in algeria has ended after four days but with further loss of life seven foreign civilians and eleven islamic terrorists were killed when the military launched on a fun way to free the hostages held at a gas plant number of civilian deaths now stands at twenty three the militants said they took the captives in revenge for french intervention in neighboring mali pretty boy who reports now from paris. what we have heard in the reports flying about that a number of the civilian hostages were executed by the islamic militants that were holding them hostage at the gas plant it's a very remote area where the gas plant is located so that's why the details are so hard to come by but from wh

in europe stay with party. as usual. please. seek to supply here. it's very profitable to invest in colombia we did very profitable and there's a very high return on investment. here i said but i've been working in this area for thirty years and i've always had to play the armed groups i mean. there's a change in the name of strategy but i just feel the same. high ranking suspects you know called. pretty upset about that mr president. the president. but. i won't give an interview i'm sorry. no. investigation is a dead. end he says sick stop your bullshit and keep quiet or else you'll suffer the consequences. even us and your bodyguards to watch themselves because the same goes for them. rivers from gold saved i've never heard of such a case as ours are so much money and gold has stolen so many. for all the gold in colombia. here. is everything for the. sufferers. people do their best to help. the distances or. will the remedy. welcome back to crossfire for all things are considered i'm peter lavelle to remind you we're discussing the u.k. and the eu

but i want to see in europe is a change of europe. then we ask the people. >> i am sure the prime minister will have seen at today's report from the department for communities and local government highlighting the huge savings that can be made a turning around the country's most troubled families, such as the 220 four million pound -- 224 million punds saved by councils in greater manchester. what is he doing to ensure that these lessons are put to good use by local authorities across the country? >> bair right honorable friend makes an important point, and i do not understand what people try to shout down what should be across party initiative. one council spent up to 20% of its budget and just 3% of its families. this is a problem affecting all local authorities. i am very much commending the approach that communities secretary is taking, to bring together local councils and work out how we can help these families solve their problems and thus reduce a major impact on taxpayers as well. >> the government's welfare bill will plunge t

and social projects that couldn't keep going it's no longer now europe also has a static population in some cases declining population and so you have more aged people more pension and bills to pay and fewer people to work to pay them. it created a big problem when the shot came but when you talk about dadt i mean there are i think two points to make because first of all has always been plagued with debt. reg its budget deficit in order to qualify so maybe it's not the death but what was it maybe that hero was too good on maybe you topping for europe then. the euro probably had some. what it did with the creation of the year when the countries came in when it really came in they had before the euro. industry to run twelve percent fourteen percent that had a devaluation premium in and when they joined the or suddenly they were all the. you know four percent four percent or below and this encouraged countries now with no dead it can add more to. give the wrong message because what they should have realized is that this these debts now are so euro debt no longer drachmas are clear that it

it was a down day in europe. the dax was down by almost 0.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him of failing to question bad board decisions. at the general meeting, he fought back, saying he has no intention of stepping down. >> if you ask me whether as a board we could have done things better, i will honestly say yes. we trusted people for too long. we could or should have acted sooner, but we did act once we saw what was going on if we had the app