europe. on the other hand, there is the view that, and that was expressed today in the financial times -- i will read it out to you very briefly. it is above all nations was -- with shared ties of language, history, and political culture that democracy can live and breathe. at a european level, you cannot replicate the forms of democracy, elections and political parties, but you can't replicate the forms of democracy. but you have to bind democracy together. and he says that is why you end up with the absurd situation in which a leader is chosen that they have never heard of. so there are two very, very different positions. i think this is one of the key topics ahead of us for the european institution. behind that, there is also the whole issue of the future of the eurozone. as an economist and director of the global economic and development program, we are very interested in that. there is the view among most economists, most economists have interacted with believe, and a lot of the u.s. eco

is it safe for europe supply right now you see it say for europe supply right now there's a you know it's an unusual situation in ukraine right now it's not it's beyond just being a safe supplier or you know save transit route there's a civil war going on in the country. again the fundamental. component of any country's energy policy involves diversification. suppliers and demanders producers and consumers always have to have diversification. as one of the objectives of energy policy if they want to enhance their energy security the fact that european countries are and have stood up all those who do are sophistication the fact that you are that russia itself is pursuing a both of diversification both of energy sources and of markets. sensible policy regardless of the circumstance but if we talk in terms of today net not in one year or two or three years but like today the way things are looking right now remember in two thousand and six and two thousand and nine ukraine was late with its gas payments and intercepted europe bond russian gas could that happen again right now. well the

and europe wants to avoid them. so in japan, we saw the bursting of an asset price bubble, imposed losses on the banking system, regulators exercised forbearance, monetary policy behind the curve, deflation was allowed to settle in which created further losses for the bank, kept perpetuating a downward spiral. italy has already suffered a lost decade in terms of growth, low inflation makes its debt deeply problematic, and italy has at best only 1 1/2 of the famous 3 arrows that prime minister -- japanese prime minister abe has use d. the one arrow it has at its disposal in the future. and the reform in italy progressed to yield kind of increases in growth over the long-term. now, ben bernanke warned japan about this downward spiral that i just talked about early in the process. and his advice was not heated. the european central bank also shows a path different from the federal reserve. yesterday's announcement doesn't change that picture. the constitutional context is the reason for that different choice. that's th

and for europe. in terms of eastern europe, slovakia's participation rate was 13%, if you look at a lot of the countries in eastern europe, maybe they're not feeling the benefits. so that is going to have to change. they've not been made to feel particularly welcome by britain, so there are these factors. there's probably a certain amount of disenchanment. in terms of the candidate, i suppose we know that angela merkel is in the driving seat here. she found herself between a rock and a hard place, because which ever decision she makes is not going to have necessarily a positive outcome. >> angela merkel certainly won't want to be the chancellor who was in power when britain left europe. so whatever happens, it's going to be very difficult. one of the leaders of the greens said that if jacque layunca doesn't become president of the council -- they can't expect any cooperation from the parliament. so it will be a clash of the institutions despite the fact that the president of the council says he'll tr

we help europe rebuild. we claimed no land other than the earth where we buried those who gave their lives under our flag and where we station those who still serve under it. but america's claim -- our commitment -- to liberty, our claim to equality, our claim to freedom to the inherent dignity of every human being -- that claim is written in the blood on these beaches, and it will endure for eternity. >> that was a portion of the president's remarks from earlier today on omaha beach. see his entire comments tonight at 8 p.m. eastern or any time online at c-span.org. several members of congress weighing in on the d-day anniversary. house speaker john boehner saying and house minority leader nancy pelosi wrote this statement, saying in part today on facebook, we have been giving you a chance to post comments and opinions on the 70th anniversary of d-day. hundreds of you have already weighed in. wendy posted -- if you would like to share your opinion or your d-day message with others, we invite you to log onto

europe is really not the target to europe is a lightning rod for a lot of this discontent. people feel buffered by globalization and they feel they are at the mercy of forces that they can't control. and, obviously, the united states is not immune to that either. and you see the way those concerns are playing out among sectors of the population here. so i think it's something that's important transatlantic link that we take account of. i think in terms of what is going to mean in europe and it's clear that the leaders have already said this can be business as usual come we're going to see some policy adjustments. this is been really about the economy and about growth and jobs, about austerity fatigue. and european leaders are going to be taken into account and, of course, the challenge is how do you keep the necessary system disciplines and at the same time at least soften the edges of austerity? i think there will be issues about the way we possibly do and how we do it in business -- in europe. more relevance, less red tape. and i think that question that's been around for

to europe or from any other country for that matter to europe are sustained or increased this will. also and has energy security in europe i remember here pan commission president jose manuel barroso saying that you can't create the illusion that gas from the united states is going to solve all of its problems and there's so many different asked him it's how much it could take but in your personal opinion what's your estimate how much time does the u.s. need to put their shale gas export into action. no well that's that's quite speculative we know that there is one project to prove in the in the u.s. and there is many more it would be for levels of. being explored so it is unclear and moreover the u.s. is increasing its own demand for its own gas so this is it's too soon to tell in my view but you know people like to speculate and when we announce that we're having in our program it was going to be about gas there's a viewer of ours to send us this question who's asking is there any weight to the idea that this russia ukraine gas conflict is being stirred up by the u.s. for syrup wh

europe is really not the target appeared europe is the lightning rod for a lot of this discontent. that they are at the mercy of forces that they cannot control. obviously, the united states is not immune to that either. amongns are playing out sectors of the population here. so i think it is something allyrtant transatlantic that we take account of. in terms of what it is going to mean in europe, it is clear what their leaders have already said, it cannot be business as usual. we're going to see some policy adjustments. this is been a vote really about the economy and about growth and jobs. austerity fatigue. in european leaders are going to have to take that into account. of course, the challenge is, how do you keep the necessary systems while softening the edge s of her strategy? there will be concerns about the way we do business in europe. i think that question that has been around for so long about how we communicate europe to our citizens, that message comes into even sharper focus. in terms of what happens in the institutions, let's see how things play out in the european p

want more europe. they actually disagree with those steps, you know, so they disagree about a euro bond and they disagree about quantitative easing, and there's been this pretty significant philosophical gap in economic policy that's opened up between germany on the one hand and united states and some other countries on the other hand. it's a tough question to think through because even if there is support for european integration and even if there are people in key positions who want to be forward-leaning, there is this deep philosophical, you know, disagreement about whether or not you can do these things. so i would like to turn to randy henning, who is a professor of international economic governance at american university and really try to put this question to you that if we -- we are where we are in economic terms. there are these solutions out there that many people believe would have sort of a big bang effect of really being game changers and kickstarting growth, but they're exceptionally unlik

the second panel looks at europe's role in the world. at not justg europe's economy but everything that goes on inside the box. is euro prepared to get out of the financial crisis and ready to return to robust growth in take on a greater role in the the projectmplete of monetary innovation by adding fiscal federalism and all the things that economists and others over the last decade said they need to do in order to be stable and competitive or are we the beginning of the japan lost decade where the worst of the crisis is over but going to be very hard to get the political support to do what is necessary to really fix the fundamental flaws of monetary integration. and after the parliamentary elections of last week am a what does that mean for the future of european federalism? are we seeing the popular backlash whereby the politicians and the famous phrase know what they need to do but do not know how to get reelected once they do this, and maybe they won't be able to get the reforms through. and what are we looking at in terms of the com

europe wants to avoid them. in japan how we saw the bursting of an asset price bubble, imposed losses on the banking system, regulators exercise forbearance, moderate policy behind the curve, deflationary allowed to settle land which created further losses for the bank and perpetuating a downward spiral. italy has already suffered a lost decade in terms of growth. low inflation makes the debt deeply problematic, and it lee has, at best, only one-and-a-half of the famous three arrows that japanese prime minister of day has used, fiscal policy, monetary policy, and structural reform. structural reform being the one aero it has at its disposal. essentials, structural reform in italy. the yield kind of increases in growth over the long term. ben bernanke warned japan about this downward spiral that i just talked about early in the process, and his advice was not heeded. the european central bank also shows a past that was different from the federal reserve. yesterday's announcement in frankfurt does not fundamentall

europe's problem is people losing faith in what europe could offer by ways of solution. if europe can get it right, the hope was that europe could use competitive advances and create a big single market which would allow europe to survive as a rich, comfortable place to live against this cheap competition. people are losing faith in that project. >> in deep doodoo, can we agree on that? is this the beginning of the end of the eu? we'll get that in a moment, but will prime minister cameron stick with his plan referendum on britain's membership? >> it depends on whether he wins the election before then. certainly he will have to now and there's a question whether he may have to lose earlier than that, john. look, the forces have become dominant over the forces pulling things together in europe. >> let's have a round robin. let's tie this up. is this the beginning of the end for the eu, yes or no? >> no. >> no. >> i hope not. >> give me a yes or a no. >> no. >> i said no. >> the answer is yes. issue three, putin's eurasia pivot. >> from the outset of this crisis, the g7 nat

it means that there is a shortage in europe and it means that europe is making up for that shortage of russian gas by buying more expensive gas and that again leaves their taxpayers out in the cold literally and figuratively speaking another option is being discussed. does the help of america because that has a huge amount of shale gas can that help the situation again mistake number three shale gas obviously has been. sort of this see here the america is expected to bring in the shale gas and save the picture but unfortunately or fortunately for the united states that is simply not the that is simply not the reality of the situation first of all. you will have to cross the atlantic ocean which is pretty big. and also there is going the shipping costs are just way too high so we'll have they will have to justify their shipping costs they also have only four hundred tankers so nearly not enough to actually go ahead and make this fantasy a reality at least not in the forseeable future or what about in the long term because if it does happen russia would lose a sizable market wouldn't aga

isabel isabelle, of course, as you reminded me in the heart of europe, continental europe, but on the debate, how did you live it? i mean, what impact did it have on your perception and how did you follow the campaign in europe? was it an important campaign or just the campaign restricted to, you know, a very small minority of european citizens? >> well, i think as anne said, there's 28 different campaigns going on, so it's quite difficult to follow all those campaigns. but i think the one that grabbed most people's attention, or the two, the campaign in france and the campaign in britain where everyone was expecting to make such big gains and they did. in terms of the debate, the debate was terribly exciting and tense and i think those are two words, i think, have never been used together to describe a european election. because for the first time, you had these candidates in front of you representing europe. and they had to make their case for europe, but they also had to make themselves known. and our starting point when we had this debate wasn't, let's try and kind of eke out what

was precisely so that europe housed them put that house in order but in. your article you actually suggests that for the time being europe and ukraine should go not separate ways but at least in parallel that i ukrainians shouldn't think about. joining the e.u. that it would be a tactical mistake isn't that actually a betrayal of those very people those people who died on my don dreaming about the blue flag and the twelve stars because clearly they had in mind not just european values but european living standards you know first of all let me just make a comment you did describe both of us especially that i can be personally you know spain is about passion but honestly nothing compared with the passion that you are demonstrating that you know with me it's ok i value passion i think that in life you have to be passionate but i will try not to get passionate at the level and you are because if if not we can be here until tomorrow now all in all on the utopian first of all ukraine you don't i mean let's be clear you are doing here and you are in a city that i

assaults are receiving russian gas optimising the latest and final deadline to pay its debts gas prop says europe's supplies continue as planned. ukraine's prime minister requests a state of emergency in ukraine the energy sector as well as plans to start buying russian gas supplied to you or. america's truly police patrols as the pentagon hands out its hardware left overs we'll see where the office isn't really needed military grade. and as palestinian a palestinian is killed in a clash with israeli soldiers as the i.d.f. launches a massive door to door search for three jewish kids teenagers kidnapped in the west bank. overwhelmed welcome to you when live from moscow this is our team to the national straight to our top story this hour. ukraine has confirmed that supplies of russian gas have been cut off moscow has switched it to a payment scheme after the latest deadline expired for kids to pay some of his huge gas bills let's go live now to our it is maria costa she's outside gas problems headquarters in moscow marina any further comments coming out of that situation from the russian gas giant. w

united states will preposition more equipment in europe. we will be expanding exercise with alleys to increase readiness of our forces. i know this is a champion of the effort to modernize the polish military. we welcome the announcement he made about the greater commitment. we'll increases the number of american personnel army and air force units rotating through central and eastern europe. we'll step up partnerships with ukraine, georgia as they provide for their own defense. i'm calling on congress to approve up to $1 billion to support this effort which will be powerful demonstration of america's unshakable commitment to nato allies. poland to its credit is a leader in the alliance when it comes to collecting in our defense. we've seen that today. poland's resolve and initiative i'm proposing today is reminder every ally needs to carry their share and truly invest in the capabilities of their alliance that are needed for the future. of course the president and i focused mostly on the situation in ukraine and perhaps because they know be

this because he's just been back to europe, but europe is in a bit of a crisis. they've now had close to a third of the voters in the european parliament elections opt for people that are anti-eu. they are in some sense a crisis of leadership. it's still the question of who speaks for europe. and they will now have a head of the eu council, a new foreign policy spokesman. who are those people going to be and how much are european leaders willing to let them actually speak for europe and take decisions for europe, which the individual countries will back up and support? so, there is a problem. the eu project has always been an elite product. it never has really been sold to the european people. you've seen that in the referendums over europe in the last four, five, six years. and now there is a question of is europe going to move forward to have speaking more with a single voice in foreign policy or is it going to continue to be the voices of the many? so, one of the problems is that the president doesn't really have a solid partner, and it has a solid partner tha

so it is starting to feel like europe is starting to sound like it is every man for himself. they are going to be increasingly concerned if the economy does not get better and not particularly interested in contributing to their own defense. they do so reluctantly, and meanwhile, i think that we have lost a great deal of credibility in other parts of the world and japan is terribly concerned if the united states is going to come to its defense, and the philippines, they actually asked to come back to the bay, and you have flare ups of china and vietnam of all place ss, and 30 years ago, china and vietnam fought a war over the same issue that they are hassling each other about right now, and vietnam won as a matter of fact, but it was china 30 years ago and not the china of today, and they are expanding their insurance in the pacific, and our statement that we will pivot toward this is what you rare seeing is a perception around the world is that the united states will not come to your aid as it did 70 years ago and there is a great deal of concern about that both at home and

stops receiving russian gas after missing the latest and final deadline to pay its debt gazprom says europe supplies continue as planned. ukraine's prime minister requests a state of emergency in ukraine the energy sector as well as plans to start buying russian gas supply to you were. america's true all done police patrols the pentagon hands out its hardware leftovers we asked whether officers really need military grade gear. and a palestinian is killed in a clash with israeli soldiers as the i.d.f. launches a massive door to door searching for three jewish teenagers kidnapped in the west bank. welcome this is already international well live from moscow you're with me tongue. ukraine has confirmed that supplies of russian gas have been cut off moscow has switched to a pre-payment scheme after the latest deadline expires we have to pay some of these huge gas bills are just learning also reports from outside gets from headquarters in moscow. actually you heard from the c.e.o. of gas from alexei miller and he's been meeting with russia's prime minister dmitry medvedev and once again miller sa

and europe wants to avoid them. so in japan, we saw the bursting of an asset price bubble, imposed losses on the banking system, regulators exercised forbearance, monetary policy behind the curve, deflation was allowed to settle in which created further losses for the bank, kept perpetuating a downward spiral. italy has already suffered a lost decade in terms of growth, low inflation makes its debt deeply problematic, and italy has at best only 1 1/2 of the famous 3 arrows that prime minister -- japanese prime minister abe has use d. the one arrow it has at its disposal in the future. and the reform in italy progressed to yield kind of increases in growth over the long-term. now, ben bernanke warned japan about this downward spiral that i just talked about early in the process. and his advice was not heated. the european central bank also shows a path different from the federal reserve. yesterday's announcement doesn't change that picture. the constitutional context is the reason for that different choice. that's th

about europe, he told me europe is back. he believes that southern europe could again be a growth region, countries like spain, italy, portugal, greece, that have been very difficult for l'oreal in the past six years, well these countries could soon grow again, and in fact, in the first quarter, l'oreal saw some growth in sales in these countries in the south of europe for the first time in six years. as for the global cosmetics market, the l'oreal c.e.o. 4%. ts growth of 3.5% to but he expects that his company will exceed this forecast. >> thank you very much indeed. an excellent interview with l'oreal. now let's move on. kind of in a way but staying with m&a. i sat down with the u.k.'s business secretary vince cable. we spoke about the bidding war for alstom. this as jeff immelt arrives in france. he says france needs to play by the rules. >> the european union rules on takeovers imply under the market with one or two exceptions which will -- the rhetoric in france, you know, shouldn't detract from the underlies reality wh

he does europe. he's concerned about the chinese threats and challenges in asia. there's a lot of talk about the pacific pivot and this has unsettled the europeans. also the other issue of course is how to keep the europeans together in a coordinated response to what the russians are up to with the sanctions in particular because of the big economic stakes that the europeans have with russia. i think he was also trying to see how much co's he could keep in many midwest flp is a division between the western europeans who are doing a lot of business with the russians and the eastern europeans who are feeling more threatened. >> which countries were his most important audience that he had to reach this week? >> i would say poland and through poland the baltic states. those are the countries that feel the most directly affected right now by what putin has been up to. i do think he has, to me, the most important country is germany and you need to german ons board for any kind of consistent policy, vis-a-v

is a bystander in all of this but actually europe could suffer to it's true because europe is not at all a bystander actually the european supplies are most triscuit but just looking simply at this graphic suit can see how much you are is the patent on gas from supplies and there's actually more than that for some european nations gas from is the only an energy source so if this continues to be the case when ukraine refuses to compromise which it does at the moment then you are likely faces being cut off in the near future and we've been in that situation before when ukraine feel to me that it's a gas obligations and that's led to only one thing ukraine was siphoning off gas that was a. tended for european customers so just recently the borel bank asked a maid at that such as the naira could see a massive price hike for gas for european nations in some cases up to fifty percent and actually i try to sell mother some of the factors there are styling this negotiations still no deal despite concession after compromise after concession. to see others of we win on purpose is the russians

and europe, are going to cut off their ability to sell gas to europe, so they desperately wanted another market. i do not know what the terms are effective. many people speculate they are not favorable to russia. until we know that i am not sure we can fully answer the question. but i think there is an enormous opportunity for the u.s. energy industry to get its act together to work with the europeans and to find new markets in the medium term, including the export of lng. i understand there are regional price lng.at ric we need to be more strategic and if there are international opportunities for us to sell energy, not just lng to europe, we should explore those. >> thank you. with regard to sanctions, as we mentioned, russia has already tripped some of the measures. they passed the threshold where we said we would move forward with additional sanctions. europeans are not following. what in your view would it take for the europeans to come on board, mr. jeffrey? to russian all, over oteri action by conventional -- russian military action by conventional forces would be the red line for

and northern europe. interconnection is less than 3%. that is nothing. similar with britain and the continent. has theian peninsula same situation with britain with respect to the continent. it is a pity. now's a great opportunity for increasing these interconnections. because we have facilities that are useless in this moment in southern europe, especially in spain. we can provide most of the gas gaspe needs, refine this from russia and other countries. same with electricity. wind is not going at the same time in european countries. this wind -- onevery ceo that runs electricity company in europe tells us the same thing. why isn't the industry banging on brussels' door and getting them to fix it? >> a year ago we created a group . companies largest discussing everything. we have already met with almost all the prime minister's, heads of state, in recent months. we are aware of gasquet things. are aware of- we two things. the lack of energy policy, we can use in a better manner the existing energy on the

we have some history in europe. i advise and have for a long time and i was the principal architect in the revolution plan which moved to the internet of things foreword. it was endorsed by the parliament and the commission and member states and i advised the chancellor in germany where they are pushing this forward. in germany the companies are huge power and they were decimated in less than six yea years. there's over 25% of the electricity now in germany as solar and wind and that is in seven years if we are having the electricity by 2020 and guess who is producing it? the big power companies are producing less than 7% of the transition to the new energy and just last week the board of directors said we can't compete with the marginal cost. once the small players come together to produce their own energy it wipes out the centralized power so we have that history. however there may be countries that try to thwart this because they want to keep the control over energy that europe at least which is the largest econo

europe is the entity that matters. so what we see is that in the end, it is the civilian power of europe more often than not, and the return to europe that emerges when we look beneath the surface of issues in world politics like the ukraine. now, europe may not do as well as we hope as a result of the recent crisis, but it still possesses large power resources to influence the ukraine situation, and that is what we should look for in the future. >> thanks. i'm always tempted to say we should stop there and go for champagne now. i suppose we should plow on. charlie. >> thank you. like andy, i'm delighted to be here and to share the panel with the distinguished colleagues, and also because this is a conference that is being held in memory of clara. i didn't know her extremely well. i had many interesting conversations with her about her passion, which is european defense and european integration. she is one of the most decent people i knew in washington. i speak for people here and in london who worked with her that she

having allies in europe at a time when europe is fracturing. using the russian so-called is the excuse for the u.s. to go in and reassure its position in europe in that it does still have allies. >> and those allies believe what ? after how the u.s. has reaction -- reacted to russian moves and to what is going on in syria and iran, are they still confident in u.s. leadership? >> there is a fractured sentiment in europe on the u.s. ability to actually stand up to, let's say, russia. that is the plan that obama laid out today was all about. it is called the european reassurance initiative. the plan is for the u.s. to be putting troops and to be putting equipment and money into the interim rem states in central inter-marium states in central europe. >> will this have an effect on aerica's shift to more presence in the asia-pacific region? >> the united states is still highly focused on asia pivot. at this time, the united states has a fire with russia and ukraine at this time. the united states does have to counterbalance it asia pivot with having

they rebuilt a new europe together. there was first a great reconciliation among those who had been enemies, all of whom had suffered greatly. the united states did its part creating a marshall plan to help rebuild our allies and warmer enemies. a marshall plan led to the atlantic alliance, a great alliance that serves to this day as our shield for freedom, prosperity, and peace. in spite of our great efforts and successes, not all that followed the end of the war was happy or planned. some liberated countries were lost. the great sadness echoes down to our own times in the streets of warsaw and east berlin and. soviet troops who came to the center of this continent did not believe when peace came. there, unwanted and unyielding almost 40 years after the war trade because of this, allied forces still stand ,n this continent trade today as 40 years ago, our armies are here for only one purpose. to protect and defend democracy. the only territories we hold our memorials like this one and graveyards where our heroes learn

ukraine pins its hopes of gas supplies on europe as we report later kiev looks for other gas supplies after moscow cryan off on monday and put it on a pre-payment system for failing to page energy bill. iraq continues its struggle against radical insurgents that is sweeping across the north of the country they are within one hundred kilometers of the capital and plan to form a new islamic state the insurgents have captured four raqi cities along with their control point on the syrian border fight the islamic state of iraq and syria group known as isis has forced around one million people from their homes reports from the islamist occupied territories tell of the mass execution of captured soldiers and civilians while one of the fiercest battles this week has been fought for the control over the oil centers of by she it accounts for more than a quarter of the country's in. the facility process is process is about three hundred thousand barrels a day and all this goes to petrol stations across the nation as well as the power stations the army managed to retain control over it but fighti

they led ultimately to the establishment of a new democratic order in europe. they led ultimately, he suggested, to the european union itself and to the integration within europe, and the lesson of all of that is that this freedom so dearly bought by the sacrifice of these men imposes as part of its legacy on us a responsibility to look for peaceful solutions to our conflicts, and in that context, of course, the ukraine, the ukrainian crisis has been pulled into an atmosphere where it is much easier for leaders to talk to one another. >> talking is the order of the day. earlier this week, barack obama made lots of headlines for talking tough to russia, and france and germany have recently worked this diplomatic channels. is there any chance you're might just go its own way on this? >> i don't think that will happen. the person in my assessment who is really the leader, really behind the diplomatic initiatives here in europe is angela merkel. she has a very good chemistry with vladimir putin, and she also is able to speak russian. she has been in close telephone

and build a safer, more secure europe. so thank you and i think, bob, the first question goes to you. >> thank you, general. a question for you on ukraine. i wonder your assessment of latest developments there including the temporary cease-fire. do you think the conflict has reached a turning point? >> bob, i think what i would do is allow the actions on the ground to speak for themselves. there are, there is good rhetoric. there are some good words about a cease-fire and peace but what we see is continued conflict, continued support of the conflict from the east side of the border and until we see those things turn around i think we need to watch with a wary eye. >> and russian troop levels, is it still have an estimate? >> well, i think what you've been told we see about seven plus battalion task groups on the east side of that border. numerous small special operations forces. that's not a helpful development in what it brings to the problem. >> thank you. mac gordon, "new york times." i might follow up on the russian po

conception number two as a matter of fact europe is allowing ukraine to keep some of the gas that europe is getting from russia but of course there's a shortage of gas on the european side so they have to make up for that and they have to buy the more expensive gas so essentially what we have on our hands is the european customers taxpayers already paying an arm and a leg in order to make up for their leaders the political grandstanding. a potential solution people have moved today anyways all the shale gas that's in america how could that help is that possible misconception number three and that is of course the expectation that american share your interests would go to save the day simply not going to happen because it has to go all the way across the atlantic ocean which is pretty big it's too expensive and right now the price is gas prices in europe are too low for that to happen and it would take about two million tankers to actually get the gas there cross from the united states to europe and they only have four hundred thinkers at the moment so. looks good on paper but it's simply

you have rising equity markets around europe. auto sales a little better than estimated. one thing to bear in mind is emerging markets. you have iraq tensions rising. a small number -- a small number of troops being brought in. is there something bigger at play in emerging markets? you see the cpi. expected to come in around 1.7%. you've got two major stocks on the move in the u.k. sales beating estimates. 4500 new hotels being created. reuters says pharmaceuticals have hired to brace themselves for the prospect of possibly being the subject of a take -- being a takeover target. easyjet has just come back from -- i have just come back from two weeks away. the whole of europe is on holiday in june. germany is going to come out a little later. then followed by the u.s. we are taking you through some of the top u.k. stocks. auto sales rose for the ninth consecutive month in a row. 1.13 new registrations. they saw 18% in terms of sales levels. bw rose nine and a half percent. those are the big players. i want to mention shell. that just says it all. the british public are spe

twice before that left europe short. theier this month and reliability of that support is a concern. what if the accident was not an accident? what if russia wanted the dispute? ukraine claims it is a rush employee. -- claims it is a ploy. would travel under the black sea to bulgaria and serbia and beyond. much more reliable than countries. so far, the eu has opposed it. with supply uncertain, that may be about to change. of theor a closer look proposed pipeline. president putin visited with the anna. i am joined by peter weinzierl and ryan chilcote joins us. ryan, let's start with the background. what is putin's visit? tothey eu does not object the south stream project as such. what they want is to make sure as far as a concern it conforms to eu law. and they object to individual companies to sign up to parts of the pipeline before they are convinced at all forms. one of the big sticking point appears to be the issue of competition and the pipeline should not be owned by the people operating them or likely to see. the a

why isn't europe putting more pressure on kiev to get this sorted. well i think that's going to happen i think possibly this will potentially drive a wedge between some of the major european powers i think you can expect immense pressure from germany for example to push towards a deal the point is we've already seen a very significant hike in the oil price because of events in iraq and if we also had a hike in the gas price because of the ukraine crisis then europe could face them enormous difficulties particularly those countries in southern europe that both rely on energy imports and also are in deep economic trouble to add flavor to the proverbial fire here as well no says it will review the transit fees for russian gas through ukraine is that going to go well i mean i think. i mean in the longer term of course there are schemes to introduce capacity for that will further south with the south stream project through the black sea but in the meantime obviously. still has some leverage over but the problem is of course this isn't going to help ordina

well i financially challenge europe still doesn't appear to be quite ready for ukraine the e.u. commissioner for enlargement still needs to prove its european credentials now the blocks energy commissioner he's warned about the bailout for greece is peanuts compared to the billions brussels would have to cough up to save kiev ceiling economy the president of the european commission he says the e.u. is not ready to integrate a country like ukraine at this stage and that sentiment is also echoed by the foreign minister of europe's powerhouse germany which comes as no surprise to financial expert particular ukraine which last year was in a catastrophic position how that signed a free trade association this year is going to associate with the european union out the point when it's on the brink already of economic disaster this is a counter strong move for the ukrainian economy the only winners either this or a few sadly deluded egos whether they're in brussels whether they are in washington who believe somehow rather they've achieved a great deal political victory for the people of

editor in chief of the business new europe magazine believes the e.u. should hold ukraine responsible for any shortages. russia has always been a reliable supplier of gas to europe even in the cold war when we really were enemies with then the soviet union that the soviet union continued to deliver gas the problem here with you know the insecurity and russian gas supplies it's not russia it's the fact that it has to go through ukraine and ukraine is more or less bankrupt has been unable to pay for its gas and so when it needs gas it simply siphons off gas that was headed to the west now what russia will do if they do stop supplying ukraine gas they will continue to supply what they're contractually obliged to send to western europe the question here is whether ukraine will simply send that gas and not take any for itself and that question remains open. well the gas route has gone up in flames quite literally a powerful blast of the pipeline transporting gas to europe through ukraine is triggered a major blaze and that follows direct threats from the cou

getting gas to europe with the trouble some detours austria and russia strike a deal on a new branch of the south stream pipeline despite pressure from brussels to freeze the project. and british the hottest are reportedly faking death to return to the u.k. undetected as fears grow of potential new terror attacks at home. six pm a mosque you're watching on t.v. national we were in a josh president putin has asked russian lawmakers to withdraw permission to use the military in ukraine it was granted you know animal slain march ahead of the referendum in crimea to provide security for russian citizens and the fleet stationed in the region but it sparked outrage in the west which suspected russia of planning an intervention. explains it's expected to be discussed at the next step of the session which is to take place on wednesday so we literally could be less than one day away from actually seeing those certain measures being canceled now it was adopted in the beginning of march in order to protect russian nationals particularly. course the concern was about the contingent of the russia

thank you very much so richard across europe and particularly in the u.k. and france voters came out in droves for anti european union parties what do you think are the main factors that could be attributed to the results. well i think there's a short term and a long term set of factors the short term factors are these europe is in an economic crisis rather like that of the united states it wasn't supposed to happen it has hurt more people than anyone imagined possible it wasn't supposed to last and we're now in the sixth year and the europeans like americans in the main are angry at being plunged into this crisis which was not of their making and they're angry at the government for the austerity program that not only has hurt the mass of people who didn't bring this crisis but hasn't worked to get the europeans out of this crisis that's sort of the short term anger that's been building in the electorate across europe in the longer run they have a sense that the european union which they believe would be a unification that would help all europeans has actua

a lot of it has to do with europe, the trade gap with europe grew 23% in april. so while americans can now afford more imported goods as the economy here improves, europeans are still feeling the pain. and it's limiting their purchase power for american products. if europe continues to drag, it will be felt across the atlantic and squeeze us even more. as canada and japan wants britain, france and italy to increase their public spending to boost their economies. european central banks right now would be supportive of that stimulus effort because of the threat deflation poses to europe complies. >> a little inflation can be a good thing. it can push wages up, putting more money in people's pockets, which gives them confidence to spend more and grow the economy. that's why the u.s. federal reserve and the european central bank have set target rates of around 2% inflation as benchmarks for healthy growth. >> the associated 2% inflation with good economic conditions. a strong growth rate is also a steady growth rate. >> reporter: the latest reading on annual inflicti

to keep the russians down off europe and to keep the german stollen in europe so at least purpose one and three we see now it's very actual right now ben one of the biggest problems i think when when policymakers particularly in washington when they look at ukraine is that no partly east cannot dominate the west the west can dominate the east and in this is just a historical reality of cultural reality because we have very different narratives of different populations within a country that is so diverse here and i think the diversity of ukraine is so misunderstood when it comes to policymakers particularly people like big torii a new one in this really goes back to what's been said from the very very beginning ukraine needs to deal with federalization or some kind of decentralization. i think the policy made to make is in the west of had a bit of a shock there was a very interesting paper this week from. these two academics in the states who have been following russia from the beginning and they were speculating that you know the from the u.s. perspective they were basically two optio

star wars tested for eastern europe. and the u.s. space weapons cloak an official declaration of war. secret clauses of nato membership state the u.s. can and will depose europe's governments on the orders of the white house. even if the electorate rejects show a different inclination she could protocols guarantee alignment by any means. ploy any means means exactly that only nato will blow hands also exposed quote kill lists of leading european politicians to defied investigators beliefs but was subsequently confirmed by police officers found fifteen pages of members of the german cominius policy to be assassinated and eighty pages on germany's social democrats one of the two major parties in the country the documents state these assassinations would take place in case of bakes cakes may refer rice nato school of thought to the new against it's a must protest against a u.s. backed government over an election victory of a genuinely left wing party instructions for such operations were kept at nato military headquarters cells of bruss

they are still alive in europe. these bars, the top gray line, this line is the 85% take home pay and this is the current situation. so what you see here are the contractual commitments for those of you not familiar with cubic years if you divide by ten you get a per day. what we are saying in the chart up till the mid 2020's european buyers are obligated to by closer to 15 billion cubic per day with legally binding arbitration. so all of the discussion on how europe can reduce their dependence on natural gas, if europe wants to break the contracts it would need to spend $400-$600 billion euros. that is not going to happen. there is a difficult dependence math people try to do saying this country is dependence on this country for this percent of its gas supply and that is not helpful on a country basis let alone a european bases. the thing you need to keep in mind is traditionally virtually all of russia's gas supply went through ukraine hence the problem we are having. but that has been diversified because of the l