that's the prospect of the deal he had with europe. yes, it was going to require transition but it offered the prospect and lots of research has shown that it offered the sustainable growth and jobs over time and he has been weighing off the short-term costs and pushing away--pushing back on exactly that fear of having to take painful decisions which would have come in the context of a deal with the international monetary fund, higher energy prices. >> katherine stoner, you wanted to say? >> yes, the other issue, too, well looking at the european union, which has its problems, the irarussian economy has its problems as well. they believe that it has reached its maximum productive output. it has gone from growing 8% to 10% a year between 2001 and 2008 to growing about 1.4% by the end of this year. russia has obviously some big things to offer in particular ukraine's gas supply. and it's not afraid to turn the gas supply off. it has done that in the past with ukraine. it could also jack up those gas prices. so here we are in the middle o

and our strategy behind europe whole and free. i'm the executive vice president here at the atlantic council. we have a few minutes to have a conversation about your trip and the remarks you just delivered. you are free to tweet, #acukraine. senator, you have laid out six principles to guide our way forward as we think about ukraine. you offered broader remarks about russia, about russia's strategy, about u.s. and european strategy, and the eastern partnership in general. we have many ambassadors, representatives from those countries here today. let me bring you back to your trip here you spend some time with president -- your trip. you spent some time with president yanukovych and senator murphy. what did you take away from your conversation in terms of his motivation and goals? president yanukovych was preparing his own country over two years for this process -- this agreement with the eu, only to surprise them with this turnaround before the end. how did your conversation lead you in terms of understanding where do you think he

europe was either occupied or had been conquered, and every country in europe needed resources -- it needed to restock, it needed food. and of course, it had to be reconstructed. we were the only country that had the real resources to spare for that. and of course, you'd have to buy these resources with the dollar. schoumacher: so bretton woods provided a framework for the rebuilding of europe. and the united states played the key role in financing europe's recovery. the marshall plan, created in 1947, gave millions of dollars to europe. this flow of dollars and goods was soon supplemented by loans and private investments from the united states. the american economy reaped immediate benefits from europe's rebuilding. as fast as the dollars were pumped overseas, they flowed back here to pay for american machinery and goods. in the decade following the war, europe imported billions of dollars worth of products from the united states. but by the mid-'50s, european economies were no longer so dependent upon american goods. by the 1960s, our payments abroad for imports, investments, and f

members of the always see between russia and europe maybe growing divide and i wonder if there. warrant called thracian in the title of your organization is still fitting because it seems like there are more disagreements more rivalries than actually you know those countries working together well competition these are the same the metal but also the goal and we want to work through to see more cooperation in future and that this is always be from from the origin in away from the the c.s.c. one of the key the key elements there was no corporation in the beginning but the name was still there so we we are moving and we keep moving in the said direction while mr senator thank you very much for your time i really appreciate your perspective and chair of yours if you like the show please join us again same place same time here on worlds apart. ily. ily. ily. you. wealthy british. it's time to. go. to. market. find out what's really happening to the global economy for a no holds barred look at the global financial headlines to cause a report on. time magazine's person of the year fran

and deep of course into historic russia as long as europe continues that geopolitical program. this. these problems will continue these tensions will continue and of course they will particularly continue in ukraine ukraine is the biggest prize but it's also the most difficult prize other countries smaller countries like georgia and so on a fairly fairly easy to take over so as long as europe continues with its march to the into the east i think these tensions will continue on the other hand it's not clear for how long europe will be able to continue to exercise this fascination as it undoubtedly does in certain parts of the ukraine because everybody knows that the european model itself is in deep crisis. everybody knows that in southern europe from where i'm speaking now the euro has inflicted terrible economic damage youth unemployment is over fifty percent in spain and so on so europe will i think cease to have to vittie increasingly so at least for people who look at things factually rather than with emotion as many people are doing right and that's their return to the e.u.

in europe. the german high command new the time was up. what they hope to do was win the war before the american forces arrived. once the american forces were coming in increasing numbers, it was the end for germany. host: what countries that we have been talking about in europe and russia were democracies? guest: it depends what you mean by democracy. all by 1914 had some form of constitutional government, even russia, which had traditionally been seen as the most backward of all the great powers. but it now had a constitution and a parliament, and ahead local assembly. russia was moving down the road. it was by no means a full democracy. britain was a parliamentary democracy, although not everyone in britain had the right to vote. women did not. germany in some ways was democratic. in some ways it was not. the parliament for the whole of germany was elected by universal male suffrage. all men had the vote. but prussia the biggest part of germany had a restricted franchise. it was undemocratic

won't let you crane profit from europe's economy. as european union officials and heads of hew rypien states try to explain the advantage yourself european membership. in. the. even a few ukrainian products there would be able to penetrate the european market and there is only one explanation for that that there would be none indeed the european market is a very protected market and it is actually the ukrainian market that europe needs particularly in the time off in the economic crisis so it is ukraine is viewed as an extension of the european market. protests in kiev began november the twenty first soon after the government said it was suspending a major trade deal with the e.u. rallies on the company as independence square lasted another week with several thousand demonstrators and police occasionally engaging in scuffles on friday night however security forces ran out of patience and raided the camp using sheer force to despise the crowd of sorties were quick to ban any process in central kiev but this has only served to encourag

we will be talking about europe next. another company we are watching is zara owner allianz. -- inditex. it looks like they were pretty much -- >> pretty much in line. profit margins have grown. the expansion continues. will go online in south korea and mexico in 2014. there has been plenty of challenges this year. the stronger euro diluting foreign earnings. the weather has not been favorable either. inditex has remained the king of what they call fast fashion. inditex does it within weeks. the competitors can take a matter of months. this, the crucial part appeals to the generation of today. the ic see it now, wanted now generation. it is affordable for the customer and it generates solid profit margins for the investor. net income has risen 10% or more in each of the last three years. they may well list that -- ms. that this year. i think we can probably be in a forgiving mood. >> i can relate. it is a very bad trait of character. i see it, i want it. >> i am the same. >> thank you for admitting to that. undress, when

the key variable here is what is going to happen in europe. right now, the ecb has been shrinking its balance sheets. in other words, the ecb has been withdrawing from the special monetary measures just like the fed, but the markets never really noticed. whys has the market not noticed? right across europe, particularly the funds, they're actually increasing their weight toes fixed income. my sense is that trend we've seen in the latter part of 2013 will continue in 2014. why? because when yields go higher, it means they want to lock into those better rates. we don't see that trend in the u.s. my sense, therefore, is we could see an outperformance of fixed european income over the early part of next year. >> which is kind of interesting. is there a point? if u.s. yields rise further or quicker, will that be more on destabilizing? is it going to rise gradually? >> if that were to be the case, we would have seen yields a lot more volatile in the second half of 2013 and they weren't. my sense is probably around april or may, that was the fiscal p

europe and the way forward. the eu foreign ministers will be meeting in brussels. in the ukraine, a compromise? german spacing life under a , and angelaion merkel prepares to be sworn in for the third time as chancellor, and israel retaliates with bullets. lebanese sniper fire. thanks for joining us for live from paris, and also coming up the sour, business news. a frenchl for carmaker. been touted as a possible sign of compromise from the duquesne -- ukraine government, a sweeping cabinet reshuffle, but the opposition has already dismissed this move as insufficient. the protesters have been gripping the country. they have been out on the the presidentg turned his back on an eu trade deal for closer ties with moscow. >> standing strong on the barricades, the protests are showing no signs of slowing down despite the freezing temperatures. >> i came here to defend my children's future. i am retired, and you could say my life will not get any better, but i want my children and grandchildren to live in europe. i do not want them to see it on tv. i want them to live in

but the point is they will never get money from europe because europe cannot give them nothing they actually have money and now the question who has the money and they will all know that russia has the money because or so has the sources in say bierria which they don't have for whom napoleon was kind of coming and trying to get it hitler was trying to get it. and even medling already said that it's unfair if such a small number of people living there said circulate territory she was in fact thinking that your gas your oil and all the minerals and all the stuff that you have over there it's unfairly not shared with them but what do you think about the people who are on the my don square when you think of them they look well it's very frozen they are like many other but i think that you believe in their sincere wish to be integrated into europe some of them yes i've watched the pungo it's the man who was the nazi and who is celebrating who is in fact marking the anniversary of the death of the man who. was a nazi so you could have a vital range of different people there you could have

to that some corruption is going toward it into west europe so i think this is a big problem i don't think that ukrainians are going to receive much in the way of benefit from further partnership if again and referring to the if they don't have more control over how that partnership is shaped and i think what's happened is that that people in ukraine are very very frustrated with high levels of corruption in their government but high levels of dysfunctionality with the excessively high rates of inequality and so of course they aspire to west european standards of living of but also reduced corruption i think if they don't see is that west europe with its current kind of the film liberal trajectory is moving away from those previous and of social democratic norms of low corruption low levels of inequality and so they really are kind of moving away from from that model jeffrey great to talk to you thank you very much indeed for joining us live jeffrey summers associate professor of political economy and public policy in wisconsin working and i thank you very much and they went across a

what is your of europe is all. the old system that gave us the renaissance and it gave us the biggest achievements. in the judea christian civilization and i am behind this but each time it comes every in a while in the century to the crisis then there is a formal way to go for the goods on the other side my problem a little bit problem in founders of understanding this if the current the present. administration with a president is one hundred percent decided not to go to europe as that as they said it i don't know if this is sincere act of mr what is it you know the cards or what is it they were in practice in fact negotiating trying to get more from europe but the point is they will never get money from europe because europe cannot give them nothing they are likely to have money and now the question who has the money and they will all know that russia has the money because our side has the sources in say b. area which they don't have for whom napoleon was kind of coming and trying to get it he too was trying to g

in europe. he wants to go into the u.s., asia. that is why they are opening some 15 stores this year. international sales are up some 29%. they do seem to be convincing the analysts, the investors. expectations finally rising again, up 15%. he is pushing hard. he has a long way to prove. less thanprice is half of where it was back in its peak last year. still, needing to harness the growth of mulberry that he needs expand beyond the u.k. borders. >> thank you so much, caroline hyde with a look at west elm and .ulberry anotherre looking at u.s. company increasing its presence in europe. >> we are talking about cars. up for theg hearing narrow streets of europe for the first time ever. the american car will go on sale in this region. my colleague mark barton spoke president. he joins us now to talk us through the big day. you know what really surprised me? this is the mustang. >> he wasn't jumping up and down. he was calm. 50 years old next year. >> him or the car? >> good question. probably around 50, but it is 50 .ext year in 2014

right in europe which is a very. general issue very broad issue and on the one hand it includes you know fair treatment nondiscriminatory treatment of individuals which everybody supports but on the other hand it may also include. total bridges the nation of the poor social institution which is marriage and many people strongly oppose that but then europe many governments took the route of. pushing for these legislative changes from top down and for many here in the new europe that's not democratic that's plain authoritarian many of established democracies would still insist on that i wonder how we can really come to a place when everybody's opinion the with with comment equally rather than some having more entitle them to democracy than others. still a think the us c. is based on a. principle which is very very strongly held in the organization which is the principle consensus so we do not agree on many thing unless and until everybody feels comfortable with it so the issue you mention of the b.p. well there is a ge

administration with the president is one hundred percent decided not to go to europe as the as they said it i don't know if this is sincere act of mr what is it you know the cards or what is it they were interacting fact negotiating trying to get more from europe but the point is they will never get money from you because europe cannot give them i think they are letting them have money and now the question who has the money and they will all know that russia has the money because our side has the sources in say b. area which they don't have for whom napoleon was kind of coming and trying to get it hitler was trying to get it. and even medling already said that it's unfair if such a small number of people living as a second a territory she was in fact thinking that your gas your oil and all the minerals and all the stuff that you have over there it's unfairly not shared with them but what do you think about the people who are on the my don square when you think of them they look well it's very frozen they are like many other but i think that you believe in their sincere wish to be integra

it was mainly in europe. what is the difference is, of course, that the roman empire lasted much longer. >> what did the brits that you talked to think of where they are today with almost no empire? >> for a while when i was a student in england, that would be over 40 years ago, there wrutz a reluctance among the british to talk about the empire at all. it's done, we don't want to talk about it. television series like joule the crown and people looked back and thought maybe it wasn't so bad. now they've come to terms with it. what they haven't come to terms with is their relationship with europe, it's always difficult. and still, i think, don't really feel comfortable being part of europe. >> so are you thinking about another book? >> thinking about another book. but thinking i might do a little one for the time being. i'm not sure i could take on another big book like this? >> what would you write about? >> i've been thinking about this. i'm always interest in the role of emotions in history. a series of ess

amnesty says europe isn't doing enough. he had bought a bunch we met with jim and i think the tools and other european countries to take in you'll see the wiki tools. thanks and i had to take effect the article weekend and will mean that in attendance. he keeps me on up the un estimates cost nine million students have been driven from their homes. and most remain inside the country's borders. increasing the sea and effigies of finding get on with contents in countries like egypt points on ten people there are already struggling with political instability and economic hard times. they see the new refugees as competitors for scarce jobs resourced already having meals everything in their homeland. secondly i think is the now struggling to make ends meet. now the coding practice on the outskirts of cairo the syrian refugees trying to teach this to some muhammad on the price to its wholesale and affection around the corner which eden's cells causing motorists. the scheme and cindy couldn't defeat the news today. getting enough t

serbia is placed in southeast europe. and becoming a member of european union. makes a lot of limits in production. makes you developed as much as they want gives you a chance to have access to the great phones the question is how much you get and how much you lose i think because to become a european union member it's very expensive first serbia and i don't think if i was the president i would never go this way they go but what i chose to survey had to think you can survive on your own why not you can survive over the best how customer survived next america and still are still doing well and still even alive why not if you become. and then another question is when you become european union does it understand but i don't say becoming a native. i think it's it's compatible it's a lot of money understand the other and this is then the biggest bigger mess i would say in which show i would be playing militarily and economically a country which could combine the two worlds if i look. if i look czech republic except today of all these old houses i don't think the life

it is europe again. she is the european summit in brussels and she will be looking at banking union. >> thank you so much. david tweed with the latest from berlin. we will be looking and continue to look at these live pictures out of berlin. debate onne to the how to fix overcapacity issues at one of the biggest airline hubs in the world. the u.k.'s airport commission study is out with its list of recommendations. on the list is the idea of expanding heathrow. caroline hine has been following the story. walk us through the key proposals. they have come up with three proposals on the shortlist. we do not need one by 2030, but two new runways in the united kingdom. where are they can that be? one option is gatwick airport. the other two options focus on heathrow. one brand-new one way there or extend one that already exists. that would enable that to operate as two independent runways. estuary three -- thames is going to be reassessed come the first half of 2014. not on the list is birmingham airport. it i

compare that to europe. you're not really seen it in europe. i am cautious because at the start of the year, the view of how they should treat to the banks. that is something to look at. however, you have seen in the last four years -- >> very quickly. we have to take a break. >> you have seen a huge amount of money flowing through bonds. not just one year of trade. so much.you we'll come back to you after the break. up? else is coming sachs wilson of goldman will join us later in the hour. we will be discussing prophetic taper. and his outlook for 2014. ♪ >> welcome to "on the move." we are getting pictures as angela merkel is worn in for a third term this morning. it's what happened in berlin. seeing pictures of purchase a couple of minutes ago. she is there mingling with parliamentarians. this is two days before the leaders meet in brussels. we will monitor and get back to them as soon as something exciting happens. from london, this is "on the move" on bloomberg.com. dixons, largest retailer in the in., posted the first profit 10 years. m

you're talking about the fact political europe is not one europe. real estate markets are very different compared to the country where you are in. is there too much of a two speeds economy in europe or even three speeds and do you see that in real estate prices? >> when you look at america for areple, cities, some cities doing better than others and some are going bust. you have situations where some cities in europe have public transportation, universities, growth and some are missing the point of the transformation. howc are you going to spend the money you're getting fromarrefour? are you going on the acquisitive trail? klepierre t is for to reach its strategic goal. it was our main target and we have achieved it could we are happy with that because it is going to dramatically improve the financial profile ofklepierre. and will allow it to get better access. willnk we believe that it be of the utmost importance to have a strong balance sheet in the current environment. i hope you come to the studios here in london so that we can continue the conv

in europe on the mustang. we wanted to bring not just a version of a mustang figure, but a right-hand drive as well. was satisfied many customers in the u.k. mustangmakes this new so special? the first thing is when you look it, you know it is a mustang. it is an iconic, american car. it is followed allover the world. it has got modern technology. the styling tells you it is a mustang. cars a lighthouse banner for us as we rollout the 25 cars in five years in our european launch that we launched a few months ago. launching it,ou this pony car, in a european market? customers right now are shying away from buying cars. industry in its pre-recession high was 80 million in western europe. 13.5.ly closer to we are running along a number of signs of very modest, but nonetheless, recovery. it is recovered moderately. that 13.5 million, it has stayed broadly the same. there are still have some interest in the sports cars. it has a was been an interesting mustang. you think it is very relevant at this time and appropr

yet it seems to be escaping some of europe and america's political heavyweights that there is a rowdy right wing driving force taking root in a ghost party. well they might be would ukraine right now but in a few minutes we hear about the struggle to keep its current citizens out of poverty. and crime is being compared to a lady of color on the one hand takes money from an all then i'll believe gentleman but one says spend her time with a handsome young man but sometimes you know you really have to choose i mean you cannot have both if you're using that kind of amount of force i think you should clearly separate the present existence ukrainian authorities which have been negotiated in a very embarrassing way was both the european union russia and ukraine a nation. dramas that can't be ignored. stories others the few who still know. this is changing the world right. so picture. from around the. block to. me. this is artist proposed midnight mayor of moscow calls mounting for a broad international effort to secure the release of twelve nuns reportedly held by radical islamist rebels in

in europe it was a good year. the ukay's ftse up 15%, the cac up, the german dax rose to a record up more than 25%. none of those held to the s&p 500. the broad market here, of course, you got a gain of 29% on the stop 500. on the stop 600 in europe you're up 17%. quite an underperformance there. dominic chu, is europe an opportunity or drag next year? >> it could be an opportunity, especially if you look at other places. you're always going to hear about what you said, the uk's footsy, germany's dax. what about the other market indic indic indices? they've had dekreents years. the hardest hit countries during the european debt crisis. italy's mib up in 2013. spain's ibex 35 up around we'll call it 21% in that time. and then greece's athens stock exchange composite index up 28%. one of the stories that hasn't been getting a ton of attention is ireland, the index is up a whopping look at this 34% in 2014. beating the german dax and the s&p 500 in the u.s. some investors who made those bets in those peripheral europ

it's 4% in europe. technology companies generally trade at much higher multiples than bank stocks do. and that sends -- you're comparing apples and oranges by looking at just the p.e. and the third thing is that european economic trend is going from contraction to stall speed. 75% of europe's economy is driven by bank lending and specifically to small and medium size business and the angst aren banks aren't providing money. even the ecb will admit that. >> obviously the german constituency of the indices is very important. you can't compare europe like for like with the u.s. but i think the thing to keep in mind is many european companies are expert oriented. they make the products you see on a shovel at nordstrom's and macy's or on michigan avenue in which where i live. just remember, u.s. economy does well, many of these companies are really fairly independent of their local economy. they're selling products to us, the chinese and the asians. >> do you believe that people panicked and overshot? when t

want and ask for europe how much is there willing to give to keep the u.k. happy if at all. also there right there or just a moment here host oksana boyko talking to the secretary general of the organization for security and cooperation in europe it's a bit of a mouthful is multiculturalism breeding nationalistic sentiment just a moment. ily . so. long welcome to the part george w. bush famously said that democracies don't go to war spit upon it out there it's a call that is all from decided by western politicians when they see people in other countries taking to the streets. and yet over the past few years we've seen quite a few examples of supposedly democratic protests degenerating not just into violence but into the long wars how do we strike the balance between the demands of democracy and the needs of security and well to discuss that i'm now joined by the new year secretary general of the organization for security and cooperation in europe mr zinni or thank you very much for a time we are speaking in key of the capital of ukraine ricci's overtaken by protesters who di

of prisoners including small thursday aged and disabled merkel outlines the government's policy on europe. what led me into the euro cents. that price is the statement of political correspondent. the surprise in the world of tennis boris becker is going to be head coach for novak djokovic terribly world number two the russia's best known prisoners including the two gl corps iraq members and some sturdy greenpeace activists could be freed after the country's parliament passed a wide ranging amnesty to allow pregnant women mothers veterans and the elderly and those with disabilities are also set to be released from prison in all thousands of people will be freed to mark the twentieth anniversary of russia's post soviet constitution. are we talking for more on this a russian journalist first is this report it didn't take long for the duma to rubber stamp the kremlin backed amnesty law. thousands may now walk out of jail including prominent coaching critics but the two christian right activists not doctrine compote performance in a moscow church. just two months before russia is due to host t

aid for the plagued by unemployment and hysteria recent study shows over twenty percent of europe is at risk of poverty. and ten am in the russian capital you're watching our teen or national with me marina josh welcome to the program is a misfires in syria are believed to be holding a group of nuns hostage abducted from an orthodox monastery near damascus have reportedly been moved to the rebel controlled town of your brood the pope has called for prayers for the kidnapped women amid demands from clerics and religious organizations to release them our middle east correspondent policy here is following the story. twelve nuns and three of their hopers belonging to the orthodox monastery in maluco are believed to have been moved but now according to syrian opposition activists this is for their own safety however we have heard from religious officials who said that the women were abducted by members of the front which is affiliated to al qaida now we're hearing from the syrian observatory for human rights that the fighters affiliated with captured after several days of intensive fighti

as for japan its economic growth exceeds europe and the usa's economic growth in twenty thirteen but the policy japan to develop in the next two years will exert a negative influence on the country's economic growth is expected that japan's gross domestic product will increase by approximately one point five percent in twenty fourteen. the sports season has launched an austin on the ski racing competition kicked off the season despite the freezing weather conditions to other participants including students images and veterans covered the distance of the priests tyres us to the ski festival has a very rich history behind it. march rose to the most eminent skin of a star made his first client at the festival in two thousand but has recently won the gold medal at the twitter universe id to retain all the organizers hope that this festival will become a star of the young sports career the host the first year regime jewelry taekwondo championship. athletes from russia ukraine was becca's then in ten regions of content participate in the tournament. grandmaster jewelry created a new and un

yet it seems to be escaping some of europe and america's political heavyweights that there is a rowdy right wing driving force taking root in the go scope party. and european politicians are not missing the opportunity to send a message of support to the protesters in kiev germany's foreign minister has met with ukraine's opposition leaders and was seen walking through. independence square position think of a target klitschko served as his guide the dutch foreign minister has also paid a visit to the protest camps top e.u. officials are in kiev for a pre-planned security summit professor nicholai petro from the university of rhode island who is in ukraine at the moment believes the e.u. and its allies are adopting the wrong approach. a one sided message so the board or the policies of the of the u. and it is an attempt to attract crane to sign the association agreement i think it's a short sighted position one that seeks to divide drive a wedge rather between ukraine and russia whereas a more alongside it position but actually encourage both russia and ukraine to. come together with t

is not just a blue flag with stars but it's also europe in crisis and numerous questions bureaucrats. conflicts are mainly dictated by presses and everything starting from agriculture to immigration publicists are decided they're small members are really asked their opinion or taken into account who decides and political and economic advantages. well that's an interesting question however i would like to underline one point we are well aware of all those difficult is that will have to face and overcome heart over georgia does not have a better choice europe is the only right way without the there is nothing better than your you may know something better if so please let me know in europe european culture this is our historical choice and i understand the high level of bureaucracy and i understand that the decision making process is more complicated dear yet there is more safety there are more benefits that this is why we spar to join europe. so you say that georgia shares the european values so you think that georgia is psychologically ready for instance i'm thinking last year is anti

money coming into europe. from the clients that you talk to, from the flow of money that you see, is that just getting going? >> absolutely. this is the first trickle of rotation from fixed income into equity. we have seen a lot of hedge funds have interest in european stocks. state.st see a binary either europe is in a crisis or it is recovering. now it is flipped from crisis to recovering. they're looking to invest in those cyclically exposed the names in europe. we have seen these flows, we have also seen flows out of the core inequities. germany, we have seen outflows. that is where we see the greatest upside. >> do you buy spain and italy? >> definitely. the greatest opportunities will be there in the peripheral equity markets. if you look at that, i expect further compression which will lead to bond spreads tightening too. >> eying italy bonds,'s banished bonds -- spanish bonds and selling german bonds. we have this stability fund or the shaping of a banking union. does that change the landscape in terms

members of the oil see between russia and europe maybe growing divide and i wonder if there. more the call to ration in the title of your organization is still fitting because it seems like there are more disagreements more rivalries than actually you know those countries are working together well competition is at the same the metal but also the goal and we want to work through to see more cooperation in future and that this is always be. in away from this the c.s.c. one of the key the key elements there was no cooperation in the beginning but the name was still there so we we are moving we keep moving in the same direction well mr vanier thank you very much for your time i really appreciate your perspective and chair of yours if you like the show please join us again same place same time here on worlds apart. what defines a country's success. faceless figures of economic growth. or of standard of living. history. a pleasure to have you with us here on t.v. today should. be cool language. programs documentaries in arabic it's all here. from the we'll talk sports fifty rpm in

other feel the corrupting influencing of europe. ukraine is facing a political and religious struggle. >> robin are more people expected to turn out in the square in the hours and days ahead? >> yes, there are plans for big rallies again this weekend, both on behalf of the opposition movement here, we have seen buses coming in particularly from the west where the pro european movement strongest. and also the government is going to be holding a progovernment rally. there will be a lot of people coming in from areas where russian is more approved of. and this is all taking face against the backdrop of more talks with europeans about possibly signing this important trade agreement that would help with its modernizing and reforms, and the prospects of presidenti yanukovych to go to russia to have a meeting with the kremlin on a way to pull this country out of the economic struggles they are having. and there could be problems when these two groups converge, because these two rallies will be taking place very close to each other, and the

in the banking system in europe. banning u n has nothing to do with the subprime study it and i can do. it was a classic it was the fate of the banking system means i get to slp cos the teacher has nothing to do with the big crises we are suffering above the big crises from the us welcomed the funding crises in denying that god raised children when we look at a few cares about unemployment since two thousand and ten. now we need even more cool. and that goal in the eurozone and the number has been kept in the european union for the site they're going to leave it there because reptile how much of that is due to financial sector as well but i will both have to leave it there are not all that said i wanted. thank you one thing was that the suspect who i wanna thank those looking to make for being with us from berlin thank you for joining us here in the last time. i know room. from there. and. i can in. the it is. and yours geelong business. state of tennessee italian politicians or chicken. all right and some change the

but as number two, it's europe. so if the european names are finally able to work together and we have a more capable, a more coherent european union in the field of defense security that will add to the trans atlantic bond. >> what do you think nato should be focusing on as we look into the future? >> my god, for many reasons we should continue to invest in security and crisis management and defense. there are so many threats all over the world that we cannot really sit back and relax. we cannot turn our back to the fires somewhere else in other regions. >> great. thank you very much. >> thank you. >> coming up my notebook. ♪ hmm. ♪ mm-hmm. [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease the 2014 glk350 for $419 a month at your local mercedes-benz dealer. that the preliminary deal negotiated by the five u.n. security council members plus ger

want and ask for europe how much is there willing to give to keep the u.k. happy if at all. this is a council in dallas texas has introduced a new law pushing the brakes on the fracking industry it essentially means the trading a wells will move will be more and will move rather far from residential areas the move comes after texans with major concerns that show gas trading is putting biased them in their homes a tryst to stay as it is shaken by a string of us quakes in the past few months with scientists suggesting nearby a training might have caused a seismic activity environmentalist mogs out of you mccord was a big council meeting and agrees fracking should not take place anyway near population centers. they weren't drilling in our densely populated urban areas they were drilling out in remote areas with low population where they weren't doing any damage or destruction to anything when you start coming into an area with that dense the population bringing in all that truck traffic all those chemicals to be exposed into the air in the water in the soil where people are har

in europe. wealthy british style sign. on. market why not. find out what's really happening to the global economy. the global financial headlines tune in to cause a report on. an e.u. commissioner tweeted integration talks with ukraine have been put on hold but he wants official confirmation meanwhile there are still thousands of pro and anti-government protesters on the streets of the ukrainian capital. the american people want to react. to support the people of ukraine. and u.s. senator john mccain joins other american and e.u. politicians who are putting their full support behind the ukrainian opposition. also this week syria shaken by another wave of atrocities islamist rebel forces are said to massacre dozens of civilians in the latest in a series of attacks. designed and is set to exit its three year long bailout.

economy now has one of the highest levels of private sector job creation of any country within europe and we also have a large number of people abroad that are interested to coming back home to ireland to see how they can accelerate that level of job creation and that level of company and technological creation but why does unemployment down. fall saw slowly i mean as far as i understand it only went down by less than one percent if you say that there is such a fast you know speed of creating jobs in the private sector and indeed but i think that's an amazingly. one sided interpretation to take of what's happened in ireland across the knuckles last two years because of course you're right to say the level of unemployment has come slowly many economists are now saying down in our land what we have achieved over the last year is doubt we have achieved growth for this job creation as opposed to the other way around which is what normally happens. and we're now seeing our economy generate jobs at around three thousand new jobs promote. after going for many years and losing them by eight t

is our europe editor, david tweed, in berlin. how significant is this move? >> the timing could not be more impeccable. you have all of the european leaders hold up in london -- brussels this morning. it is not going to be hugely significant in terms of markets. we have seen many european union countries losing their aaa ratings. last, best only six left.ies - it is all to do with the negotiations over the eu budget. last year, there were two meetings to get the eu budget through with lots of arguing over small amounts of money. the overall credit worthiness of the 28 european union member states have declined and as a result, whenever they are fighting over these negotiations and the fact that they are becoming much more contentious means there are rising risks to eu from somee member states. that is what they are concerned about. the outlook is stable and that is become some of the member -- the willingness to support the eu budget. >> politics very much at the center this morning. how much does the eu oh? -- owe? >> we are looking at 56 billion euros. that

members of the oil see between russia and europe maybe growing divide and i wonder if there. warrant called thracian in the title of your organization is still fitting because it seems like there are more disagreements more rivalries than actually you know those countries are working together well competition these are the same the metal but also the gold and we want to work through to see more corporation in future and that this is always be from from the origin in away from the the c.s.c. one of the key the key elements there was no corporation in the beginning but the name was still there so we we are moving and we keep moving in the same direction well mr vanier thank you very much for your time i really appreciate your perspective and tell our viewers if you like the show please join us again same place same time here in a while the pike. they look like bounty islands where the locals can enjoy the sun and the ocean. but what was buried here years ago. means these people are suffering the consequences. how much more poison lies on the ground. behind this zone there is wh

if i get money, i'll try to go to europe again. here, it is torture. >> reporter: the libyan coastguard will find few boats now. the season is ending. but next spring the migrant craft will set sail again with their cargo of pain and hope, a tide of desperation washing from the shores of libya to an increasingly hostile europe. >> woodruff: finally, the choices ahead as detroit moves forward with bankruptcy. today's ruling by a federal judge begins to clear the way for it to happen, and he said public pensions could be cut as part of other changes aimed at shedding billions in debt. unions and pension funds had argued that michigan's state constitution protected those pensions. christy mcdonald of detroit public television joins us again. >> christy, welcome back to the program. remind us why this judge's ruling was necessary. the city was pretty much already clearly going into bankruptcy, wasn't it? >> it was. but, judy, he had to answer several legal questions before he could clear the way for detroit's eligibility for chapter 9,

their court was one of the grandest in europe. because this was a tring court, moving between the palaces of their scattered duchy, many of their artistic treasures were portable-- tapestries, metalwork, and illuminated manuscripts. all this medieval extravagance was principally paid for by the burgundian netherlands, the most highly urbanized ar of europe. during the 15th century, bruges became the busiest port in northern europe, while bruxelles and ghent became two of its largest industrial cities. [bells ringing] we can catch a realistic glimpse of flemish urban life through the window of religious paintings, such as this madonna by robert campin. in italy, 15th-century artists used perspective and the study of antiquity to depict a suitable setting for their religious paintings. by contrast, a northern painter such as campin in his merode altarpiece, saw no great divide between the past and present, between the look of antiquity and the late medieval world. joseph, in his carpenter's workshop, is depicted with detailed realis

want and ask for europe how much is are willing to give to keep the u.k. happy if at all. and up next an aussie international a fresh restrictions on buying schools frustration on wall street be knocking takes a closer look at bestand operation is in great effect. as we all know the holidays are a great time for families to get together and sometimes on the l. call gets flowing they're also a great time for us to argue about everything from politics to religion with the ones we love but if you happen to be an n.s.a. agent then the government has an official list of talking points that way you can win those family arguments for sure yeah that's right the government is not giving n.s.a. agents lists a very corny talking points going to firedoglake so that way they could convince their relatives over the holidays of just how awesome effective and necessary the national security agency truly is the spite all those little revelation thinks of mass spying by snowden trust me talking points exist for a reason political social and religious organizations and use them so that when

only the dock it showed that in europe everybody else in europe and china as an economic challenge for the danger. um so that he's a hitter but his domestic base but as you suggest. right now as a member of the european union is to me they continue to be a member of european union um any trade deal with china is done and you stop by the time for a while. and the burdens of compatriot in the european union are much more skeptical of of china the cameras throwing his full political weight behind this going over there saying i will fight as far as i can to make this happen. he is a lot to gain is talking about instantly three billion dollars more us coming into to great britain which they need. part of this proposed deal talks about actually even having the ability to work on nuclear plants and having china work with great britain on building a high speed rail from london to the north to north of england so very very positive step to albury positive and and and very reflective what china is trying to do going forward um the chinese have of the money to invest in pursuit of a high speed ra

integration more than seventy percent of people in the west of the country favor a trade deal with europe meantime that figure drops to thirty percent in the east now analysts believe a revolution over is unlikely but if it happened those in the east would be likely to support the government if there is a pro e.u. neo orange revolution there would be a pro customs union pro russian counter-revolution so it will be the path to the civil war because let's face it in the industrial base in of the east they know that if they join the e.u. package they will of course they will never join you itself they would lose customs privileges in russia and their industrial goods which are still being exported to russia in increasing quantities would certainly become thirty five percent more expensive which would price them out of the market in the same time i doubt very much that e.u. countries we certainly express an interest in buying the real goods so even if the reason attempt the violent overthrow of the government there would be definitely a very sizable counterforce ready to come onto the streets