the european commission tiptoeing towards the start of this procedure. i guess the bigger question markets are trying to figure out right now, is it italian debt sustainable? if we keep going at these levels, do the numbers add up? what do you think? guest: first of all, it is important to note that this is the first time the european commission has proposed to initiate deficit procedures based on the debt criteria. basically, they are saying they haven't seen enough effort from italy's side in terms of reducing its debt. in terms of a potential timeline, it is important to note that we are still quite far away from european commission potentially announcing or introducing penalties on italy. the report that was released today will get sent to economics and finance commission, which is then going to have two weeks to come up with an opinion. this process is going to take us a very long time before we actually get just to the discussion. guy: even if we never get to fines, is the market going to say, you know what? this is something we need to factor in.

institutions top jobs including the european commission president and president of the european council those jobs currently held by john claude younker and donald the moment and they've been heading up talks to try and pick their replacements essentially however those talks have broken down one of the reasons that we're hearing that there's no solution so far wealth comes from leo varadkar the irish prime minister he said it was easier picking a pope than using the system that's used in the e.u. to pick a commission president as well as other top institution posts it's called the speech and candidate method method or system basically preferred candidate in germany is what it is it means that if you look at all of the different parliamentary groups in the european parliament whoever gets the most seats well there isn't candidate their preferred candidate gets looked at 1st by the e.u. heads of government if they like that can do this too well they put them forward to majority votes for them they put them forward to the european parliament parliament then votes on them and if they vote t

the next european commission president now. when he while he's been speaking out against the system that's in play. at the moment he's also said the hot angler merkel throwing her hat into the ring he would have been inclined to vote for her i have nothing against a german candidacy i said it and wasn't a joke had the chancellor been a candidate i would have supported her because i think she has the qualities the skills to be a very good president of the commission it is not what she wants i respect that very deeply well i'm glad merkel has dismissed 80 chance of her running to be the european commission president she was speaking on friday she also tried to calm down rumors that baena a serious rift between burley and paris over who should get the european commission top job. and i still say no and i want to add that i'm a little bit sad that my words which i've said so often and apparently not respected at all were respect each other i do not want to make a decision against france and i believe that france doesn't want to mak

leaders will make that 1st step towards finding a new hat for the european commission and it's partly it's about party politics it is about the weight of countries in the european union will be a french president for the european commission will to be a german candidate who makes it into that top job and then finally there's also the personal considerations is that person qualified so all of this coming into play for this powerful job having said powerful yes the european commission is the only institution that can start a legislation broad says so that can make laws in the european union but at the end of the day it is member states and it's the european parliament that always needs to approve such legislation so the member states on the driving seat and that is why they have to work this one out. they're talking to me earlier we have some sports now and as to the women's world cup in england japan progressing to the last 16 the 2 teams played each other and their final match to decide 1st and 2nd place in group d. the goals are all in white made all the difference in a dominant disp

european commission leaders of. the reins of the blocks top positions of the june 30th it's now been announced in another time to break the deadlock the commission president council president and 4 of the top jobs have been chosen by no to all of our expense. well this deadlock in the european union over who will fail a number of the e.u. institutions top jobs including the european commission president and president of the european council those jobs currently held by john claude younker and donald at the moment and they've been heading up talks to try and pick their replacements essentially however those talks have broken down one of the reasons that we're hearing that there's no solution so far wealth comes from leo varadkar the irish prime minister he said that it was easier picking a pope than using the system that's used in the e.u. to pick a commission president as well as other top institution posts it's called the spits and candidate method method or system basically preferred candidate in germany is what i

commission president but there's some stiff resistance coming from the eastern european members. an unprecedented and unexpected handshake as donald trump becomes the 1st sitting u.s. president ever to cross the north korean border but will the historic photo op yield results. nick spicer welcome to the program in sudan at least 7 people are reported dead and almost $200.00 wounded after police clashed with protesters thousands of demonstrators took to the streets across the country to demand the ruling military council hand power over to a civilian government the demonstrations are the largest since security forces violently put down a peaceful protest in the capital khartoum almost a month ago. these demonstrators made their way to khartoum's defense ministry to appeal to military rulers it was one of numerous rallies in cities across sudan protesters were eager to make their voices heard. god punished these oppressors. we want to civilian government a civilian one. and some marches carried photos of family members who were among dozens killed when police broke up a peaceful si

president of the european commission. and africa's football stars grabbing in the spotlight that is the africa cup of nations gets underway in egypt we report on the issues beyond the stadiums democracy activists have denounced egypt's hosting of this turn. i'm brian thomas thanks so much for joining us chinese president xi jinping has arrived in north korea for his 1st state visit their talks with his host kim jong are likely to center on chang's nuclear program now that after a summit earlier this year between kim jong un and us president donald trump ended without any agreement and with china backing sanctions on the north and that strain ties between those 2 countries. it's been less than 6 months since his handshake kim jong un has visited china north korea's closest foreign ally many times over the years. she jinping on the other hand is the 1st chinese leader to travel to pyongyang and well over a decade. we are ready to work with the new p.r. k. to continue to carry forward the fine tradition of china d p r k frie

rift between bolin and paris over who should get the european commission top job. and i still say no and i want to add that i'm a little bit sad that my words which accent so often and apparently not respected at all respect each other i do not want to make a decision against france and i believe that france doesn't want to make a decision against germany of the very latest it does seem that money isn't getting the amount of votes it meets from heads of government to be put forward as the next president of the european commission that hasn't stopped the german chancellor though for saying that she still bucks her mom. repeat what i said and to avoid any unnecessary questions we stand by our lead candidate the p.p. candidate manfred weber others stand by their lead candidate obviously those. quite tired looking young who addressed the press after this meeting broke down he's searching for his own replacement however he did allow a joke at his own expense concert i noted with satisfaction mused and yes pleasure that it seems it's not easy to replace me. of office so

business i'm joined on in berlin good to have you with us the european commission is not amused it's taken the 1st step in triggering disciplinary action against italy for its excessive public spending italy could end up paying billions and finds out a time where the country's fragile coalition government is already under pressure to deliver on expensive election promises. the european commission's message is loud and clear it's the end of the line for italy's ballooning public debt. we know it's i suppose for recall would be on growth really doesn't member states go already taken it was a success so this boss told us that he knew that if for a 4th spending more wins additional fiscal space to loose italy's current debt stands at 132 percent of annual g.d.p. in other words the country owes far more than the value of its entire economic output under the rules member states aren't supposed to amass debts that exceed 60 percent of their annual g.d.p. . italy has been ruled by a coalition of the league party and 5 star movement during the election they promise to end government cutbacks

commission where response rate veba the conservative could become the head of the european parliament and now that idea was met with a lot of critique from the conservatives here in brussels just before the summit started they thought the idea a little bit fishy because they are in the parliament the strongest force and so we're back at square one and leaders are now looking for a solution to that to that problem if you look back you know as you can attest historically over how commission presidents and these top jobs are allocate it's always difficult to agree but do you feel that this time around the divisions in the e.u. are deeper. unusual. hard to say it like you said there's always a bit of horse trading that it that is involved a particular problem this time and you heard today a german chancellor angela merkel in the report just now appointing 2 directly that problem is that the european parliament the parties there do want to see their candidate this so-called lead candidates to win the race for the top job in the european commission but they cannot group behind one of those

no one cause to undermine the neo liberal european project to here is a frosty european commission official announcing an e.u. attack on what may be the used 3rd largest economy come halloween the crime failure to deliver austerity only to in today we go public report under article $126.00 point city that he. is a breach of the benchmark in 2080. that they've created and it is not complied with. based excessive to fix it but to see us warrant or is now what is warranted a european wide refusal to abide by i.m.f. and e.u. economic straight jackets and will the outcome be profound geo political realignments that impact not only on the future of the e.u. but global responses to events as far afield as venezuela iran and hong kong because despite attacks on european nations like britain and italy from washington deals are being done to the consternation of the usas military industrial media complex is the arguable horror and bloomberg take on a visit from chinese leader xi jinping to room why is this such a worrying potential agreement for the u.s. and particularly for european allies it's the

france and germany clash over who should become the next president of the european commission and in sports at the women's world cup some acrobatic goal keeping by japan was not enough to tame england will have that's. i'm brian thomas thanks so much for joining us chinese president xi jinping has arrived in north korea for his 1st state visit there talks with host kim jong un are said to center on pyongyang's nuclear weapons program a summit earlier this year between cam and us president dol trump ended without any agreement and china then backed sanctions on the north so ties are strained between the 2 countries it's been less than 6 months since his handshake kim jong un has visited china north korea's closest foreign ally many times over the years. she jinping on the other hand is the 1st chinese leader to travel to pyongyang and well over a decade. we are ready to work with the d.p. r. k. to continue to carry forward the fine tradition of china d p r k friendship and promote the continuous development of exchanges and cooperation between the 2 countries in various fields. relati

are debating is that of the european commission president a post now held by jacques load younger and there's still no consensus on who should replace him and the issue has created friction between the use to being a chanst france and germany. are we can take you live now to brussels in just a minute i should say but 1st let's take a look at the top jobs that are up for grabs and who may or may not get them. they are lining up for the top jump in brussels and it's anything but child's play who will make the race right now all 3 candidates are in the running to become the next president of the european commission the use heise dump one of montana's politician might have a divest aga she positioned herself as the liberal front runner and would be the 1st woman to serve as president of the european commission this doggerel maiden name for herself as a fierce competition commission are responsible for slapping google with a huge and to trust fine she enjoys the support of several heads of states but she might be putting the cart before the horse because not everybody in her own party is b

of the european commission it is the block's top job but the e. used to the nations france and germany are at odds over who should get it we'll hear more from brussels in just a moment but 1st a look at who's in the running for the role. they are lining up for the top jump in brussels and it's anything but child's play who will make the race right now 3 candidates are in the running to become the next president of the european commission the e.u.'s high's dump what i want done as a politician might have it to invest aga she positioned herself as the liberal front runner and would be the 1st woman to serve as president of the european commission the star go made a name for herself as a fierce you competition commission are responsible for slapping google with a huge and to trust fine she enjoys the support of several heads of states but she might be putting the cart before the horse because not everybody in her own party is backing her the dutchman and social democrat plans to moments has strong support in the south of europe but his problem is the

commission president you need a double majority one right here in the european country council among the leaders in the european union and also in the european parliament and so far no candidate has a majority either here. or in the european parliament so what would a or what could a compromise look like max. there are different strategies to find solutions in these cases in these scenarios one scenario that's being discussed here in brussels at the moment is that they don't assign names to the different jobs remember we're not only talking about the commission president there's also president of the e.u. council with this is right here where the member states have their say or also the president of the yours in central bank and there are 2 others as well so maybe they will assign parties to those different posts without talking about names because particularly my call we just saw in that report he's not necessarily as opposed to having somebody from the conservative party being the new e.u. commission president but he's very much opposed against months could be about who is the top

a new piece i wish we could have agreed on a successor to the president of the european commission to doing some good and i was amused to note that it is very difficult to replace me if you see the model. ok maybe he is in fact irreplaceable the how likely is it that the sun this at the end of the month will produce any results. while it has to produce a result because that top position of course has to be filled and look i just came back from the press conference with german chancellor angela merkel it was interesting to hear what she said because she specified what she makes of that lead candidates process and she said for the moment. the head of the european council has informed the council that there is no majority on those 3 candidates from the 3 biggest parties in the european parliament that we knew but then she added and said and she doesn't see how that may change and that means basically that this process of lead candidates for her that it's this is my interpretation is over and so it might well be that we're looking at a completely new candidates maybe michel barnier the cu

in a report published wednesday the european commission said italy hasn't complied with the blocks the school rules and we have concluded. that the debt criterion. he's currently not respected. and that's that based. excessive to procedure is warranted. for it. according to that analysis italy's public debt was over one hundred and 32% of its gdp in. twenty eighteen and the commission forecast that number will rise to over one hundred and 35% by. twenty twenty responding to the report italian pririme minister just that they contact you said the e. u.'s rules are outdated. initially the governments of change must absolutely committed to change the rules. the problem is that now current regulations are enforced. see most folks with my will do all i can to avoid an infringements procedure please. italy's populist coalition was in conflict with brussels last year over rome's big spending twenty nineteen budget. commission rejected it in a historic first but the two sides reached an agreement to narrowly averts disciplinary action this time around the european commission's warning paves the

and the actions that him taken by the european commission i think it entirely as. well as a problem with high public debt and it has not been able to use it as a show to g.d.p. the deaf you see it was supposed to be used according to do your p.r. who's an accordion my you to make sense as long as it is done gradually the problem is that the government. does not want to reduce the deficit but that the government wants to increase it at least it seems to be inevitable that next year the definitely will increase. if the government goes ahead with the spending cuts which is spending increases which have already been approved and now the government wants to introduce the so-called flat box or anyway they want to cut the taxes which will lead to an increase in the deficit to g.d.p. ratio next year with the size of or i think in my view this would leave early too much exposed to rediscover speculative got darker confidence crisis similar to the one that we have in 2011 for which we are still paying now the consequences in tears of loss of g.d.p. but the italian electorate

the european commission's message is loud and clear it's the end of the line for italy's ballooning public debt. we know it's i suppose for recovery and growth really doesn't member states go already taken it was a success so this boss told us that he knew would reform if forced spending more wins additional fiscal space to do so italy's current debt stands at 132 percent of annual g.d.p. in other words the country owes far more than the value of its entire economic output under e.u. rules member states aren't supposed to amass debts that exceed 60 percent of their annual g.d.p. . italy has been ruled by a coalition of the likud party and 5 star movement during the election they promised to end government cutbacks and boost social spending while reducing taxes in addition the government hopes to lower italy's retirement age the coalition says the measures will help kick start italy's sputtering economy and cut the country's unemployment particularly i don't even have a job the politicians before were fox us now the ones here what do nothing as well it's getting worse and worse it always se

like the european commission she's looking to multi-lateralism at a time when the u.s. is pulling back from free trade. the e.u.'s been negotiating the deal with mek resourceful members brazil argentina paraguayan or a guy and the now suspended venezuela for 20 years harsh criticism of the agreement has come from european farmers and environmental activists you have to be protection. in europe so what's the point shipping the same product. this is the 2nd. cows in europe lot of. pharma area. there so you have 51st states and many environmentalists fear that once the trade deal goes through brazilian president joe you're both scenario will make good on his threat of pulling out of the paris climate accord and that even more rain forest could be destroyed to push exports of beef and soybeans. it is one of europe's largest i.p.o.'s this year's folks is selling a stake in its truck division trucks on shares in the company can be bought from today on frankfurt stockholm exchanges johnson says have initially been prized at 27 years apiece and just over 10 percent of the compa

commission is that the can do that will be as you pointed out the be appointed by the european council and. it is not only the countries that have an interest here but it's also party political considerations that come into play as well as personal experience as something the french president upon arrival today and emphasized that the party political experience is important because at the end of the day whoever will be appointed by the european council maybe even today will have to pass a vote in the european parliament and so that is where the parties then will have to give their support to that kind of how likely game that we could see a compromise in any sort of timely matter i mean each side seem to have dug in their heels here. a compromise will be really tricky here because a german chancellor angela merkel emphasized again that she is in favor of a lead candidate system that means only those people qualify for head of the european commission who have run the can paint for the parties in the european parliament now friend french president by car arrived today he said he doesn't l

union commission or president of the european central bank just to name some of the few and that's why the leaders that are here today really want to find a solution before that 2nd of july and that's why we're hearing if they can't find a solution tonight which is not impossible but not very likely they might summon a special summit on the 1st of july right here again current then will be continue with you again i'm max entrepreneur thank you so much for your continued coverage. of back to tell you now about some of the other stories making news around the world. hungary and cortez extended the prison sentences of 4 people smugglers convicted last year for the deaths of 71 migrants when the smugglers have now received life sentences in 3 cases without the possibility of parole the migrants suffocated in the back of a refrigerated truck back in 2015. german media are reporting that several of the country's politicians are facing death threats from far right extremists police say this includes colognes mayor she was seriously injured in a knife attack 4 years ago earlier this month a pr

commission over over violating the debt to g.d.p. ratios how would bought help the italian government in being able to finance the economy and maybe escape what many believe is a kind of european union straitjacket it will be no oil demeaning bought our debt like any other form of debt so easy printing them does not help the stock of debt. would increase anyway if the issue the european call me sure would to count them as debt so there's not a way of circumventing the devils do your pianos do you think they could spell the end of the euro in italy no i don't think so 1st of all a parliament a scene preapproved. documents that has no. value in this says that he's no decision to introduce the me both but it has no immediate effect from eating a point of view that would have to be different doc shows. other actor would have to be taken to him to use these and me bots you don't think it may be just one of the responses it's alyan government policies may or may have to being faced with disciplinary procedures over austerity i mean you you

several times has indicated enough is enough and there was a letter from the european commission to italy last week or so warning italy that time was running out. and one of the italian newspapers republika this morning is citing excerpts from what it says is the leaked report from the e.u. suggesting that these sanctions will go ahead unless usually is prepared to introduce some kind of mini budget and pare back around 4000000000 euros of excess spending particular concern about pensions and the introduction of the guaranteed income for the poor which was a whole mark of the 5 star movement that has been introduced by this coalition government which is contributing to a blow out in this budget and continuing spending by the italian government of course we also hear that the coalition government in particular the deputy prime minister. of the far right league north is also keen on reducing debt but would rather see the e.u. to relax fiscal rules how likely is that. well that seems very unlikely because the european union feels very strongly about one rule for all and if they sanctions go

brent: the european commission has taken the first step in triggering disciplinary action against italy for breaking eu fiscal rules. the dispute centers on the country's ballooning debt, currently valued at 130 2% of the country's total economic output, more than double what is allowed by regulations. >> the european commission's message is loud and clear -- it's the end of the line for italy's ballooning public debt. >> this pass for renewed reform effort and not spending more when there is no fiscal space to do so. >> italy's current debt stands at 100 32% of annual gdp. in other words, the country owes far more than the value of its entire economic output. under eu rules, never states are not supposed to a mass debt that exceeds 60% of their annual gdp. italy has been ruled by a coalition. during the election, they promised to end government cutbacks and boost social spending while reducing taxes. in addition, the government hopes to lower italy's retirement age. the coalilition says the measurs will help kickstart italy's sputtering economy and cut unemployment. >> i don't even hav

ij on holiday in august, the european commission is changing... i think labour will try as soon as presumably boris johnson becomes a minister in late july to go for a no—confidence vote. they are much less likely to succeed them. conservative mps will say, give him the summerand see conservative mps will say, give him the summer and see what his brexit plans really. otherwise there would be an election in the middle of august. it has never happened before. i think tory mps, even the most remain would say let him go to paris and see emmanuel macron and go to germany and talk to angela merkel, talk to the new european council of you in september but it is worth stressing how few sitting days there are left. they come back in september but shortly afterwards, they go for three weeks of party conferences so the opportunities for mps to exercise these levers are pretty minimal and they will have to get it absolutely right otherwise even mps determined to stop a no—deal brexit may not be able to do so. no—deal brexit may not be able to do so. wha

it is tempting to think once there is a new european commission president and once there isa commission president and once there is a new prime minister installed in downing street, it will equal new opportunities for the brexit deal. but caution there because the european commission serves that member states when it comes to brexit. it is eu leaders who gave them their negotiating mandate and in november our government signed off on the brexit withdrawal agreement. what it means is the only one who has the power now to change that withdrawal agreement or to amend it are the leaders of the eu member states alone. that means all theresa may was advised not to go to berlin or to paris because the commission in brussels was negotiating, the prime minister might well be advised to go to germany, to france, to ireland before he comes here to brussels with his wish list. katya adler, thank you. authorities in sudan say seven people have been killed and 181 injured during demonstrations against the country's military government. police fired tear gas at protesters in the capital, khartoum. it'

state in government still decide a lot but the commission sort of does the daily running of the european union and therefore there is this really fierce fight about who is going to get the top job. well you know it really brings up a fundamental question which is how important is the president of the e.u. commission in the 1st place. he or she is very important because it's it's the laws and regulations that are proposed by the e.u. commission might is more than that it's the setting of priorities and it is also the setting of the political tone not only if the agenda but the political tone so you can expect different things from somebody who is very much a is sending out for democracy and the rule of law in europe or somebody who comes from the more conservative side of european politics so that is going to be important in setting the the general gender and the direction of the next year or so yes this is the top job and this is more or less some even called it the fight for the soul of europe for the next 5 years. vessels as always thank you. in turkey people are gathering in istanbul

commission but at least last time around children joined her at the current head of the european commission had the full support from the european parliament and this time around it is. there is no majority in the european council among leaders and not much already in the european parliament to find someone who should not vacate the europe through difficult waters that lie ahead ok thanks so much for bringing us up to date on those difficult waters in brussels thanks for now. it's to kazakhstan now where a joint russian european team is preparing to launch a mega telescope into outer space it's called a rosita is being hailed as the world's most advanced x. ray telescope easy to can record matter both visible and invisible to the human eye one of its key missions is to measure so-called dark energy a for scientists have yet to observe directly it was either will be data back to earth or 7 years. let's go now to the front tier of space research and bring in dr thomas manik he's the heroes you to project director in baikonur good morning and thanks for joining us dr merrick dark energy invisi

a press conference by the european commission president. and he actually was quite unhappy about the fact that the e.u. is pushed sidelines they're trying quite hard to work for free trade which is this actually is about this whole meeting is about but nobody's really paying attention to them and that's why i think also the fact that they're having trade deals with vietnam as well the e.u. tomorrow all of that is basically to show hey we hear. free trade and we can also play without you america we also have other friends so it's basically a bit of a show of power here as well. a trade deal between the e.u. and south american states off the mark block that's argentina brazil and europe as well as membership been suspended for the moment is nearing completion the e.u. is keen to finalize its mark is a market of roughly equal size to europe south americans eager to send their products to europe to predominantly our culture and. most importantly beef

where in europe the european commission has taken the 1st step in triggering disciplinary action against italy for breaking e.u. fiscal rules the dispute centers on the country's ballooning debt currently valued at 132 percent of the country's total economic output that is more than double of what's a well by e.u. regulations. the european commission's message is loud and clear it's the end of the line for italy's ballooning public debt. we know is if they suppose for recall what he. really wasn't member states already taken it was a success so this boss folse renewed reform effort and not spending more wins additional fiscal space to loose italy's current debt stands at 132 percent of annual g.d.p. in other words the country owes far more than the value of its entire economic output under the rules member states aren't supposed to amass debts that exceed 60 percent of their annual g.d.p. . italy has been ruled by a coalition of the league party and 5 star movement during the election they promise to end government cutbacks and boost social spending while reducing taxes in addition the g

commission the heartbeat of the european union. 28 heads of state and government have gathered in brussels to decide on the new leader but chancellor merkel cautions against high expectations. here in germany we have the situation that both my party the c.d.u. and the s.p.d. are committed to the top candidate but that's not always the case in the council as we have known for a long time and we will discuss this but we might not have a result today. kind of given this gift the european party's top candidates have been campaigning throughout the e.u. liberals conservatives greens and social democrats but the french president doesn't want to limit himself to these candidates when it comes to voting in a new e.u. commission president so he's risking an open dispute with germany. in my opinion it is up to france to find a solution and not get bogged down in programs to find europe's ideal leadership team. but if france doesn't stand behind the top candidate it will need support for its choice even before the summit began president mccall sought to meet with his counterparts one of them is the l

this is the european commission starts rolling on a deficit procedure against rome. markets aren't taking that very well. it is the banks that are taking the biggest hit. unicredit down by 3.6%. vonnie: sticking with the markets and the impact of mounting global trade tensions, david point by joy. guest: i think this is pretty clearly a reaction to but the failure to -- what the fed chairman said the other day. we will probably get a little bit of a bounce inditex names. they are probable -- bounce in the tech names. they are probably a little oversold. away, and ing way think the rebound we have seen in those shares is maybe reflective of reality. but i think this is basically reaction to the fed saying we will put a little floor under this economy while we wait and see what happens. vonnie: did the fed really say that, though? had the fed saying we are not sure if these tariffs are going to have an impact. we would have to see a lot more to see much more of an economic impact. then you had powell yesterday seemingly cheering the market. it is hard to know what exac