And more unlikely that those loans will really be paid back and that is why the European Central bank which is the major supervisor of the european Banking System is taking a very close look at this and is on high alert all right lets get the view now from Turkey Correspondent joining Jones Reporting for us in istanbul during turkeys Foreign Minister has said further pressure will only hurt bilateral ties hes about retaliation but how much worse can relations get. Well the potential is to get a lot worse currently u. S. Forces are working with a Syrian Kurdish militia just across turkeys border so if you consider a terrorist organization and if they so wish they could put a lot of pressure on those u. S. Forces and the Kurdish Militia theyre working with that would ratchet up tensions further on top of that washington is looking for ancora to enforce its new
sanctions against iran has refused to do so given the current climate is unlikely to change that stance that again puts the two n
but now this latest ratcheting up of the crisis from washington don t suggest the crimean move even closer to moscow even though it may not be in its own interests as a way of punishing the u.s. that refer to russia s intentions with washington and causing further concern among turkey s nato allies all right this story insurance for us in istanbul thank you. for a different view i m joined now from our washington studio by gibson who is the correspondent for the turkish newspaper daily sabah which is close to president a k party mr certainly thanks for being with us financial analysts say that president won is at the heart of turkey s problems they accuse him of robbing turkey s central bank of its independence is not responsible for the suffering of the turkish people. i mean if you look at this year from the prison there are dos perspective that he believes he has the responsibility for the bank s policies as well he says that if the economy doesn t go well the turkish people ask him
differences in syria but now this latest ratcheting up of the crisis from washington does suggest a move even closer to moscow even though it may not be in its own interests as a way of punishing the u.s. that refer to ratcheting tensions with washington and causing further concern among turkey s nato allies all right this story insurance for us and is terrible thank you. for a different view i m joined now from our washington studio by gibson who is the correspondent for the turkish newspaper daily sabah which is close to president a k party mr certainly thanks for being with us financial analyst say that president won is at the heart of turkey s problems they accuse him of robbing turkey central bank of its independence is he responsible for the suffering of the turkish people. i mean if you look at the issue from the prison there are those perspective that he believes he has a responsibility for the banks policies as well he says that if the economy doesn t go well the turkish peopl
credit inably argue they re voting to cut taxes because we would restore all the clinton era rates for evening. so they could say, well, gee, digit want to go there, but that s the reality. so i think it helps with that road block. and, remember, this isn t a one-day event. the economy doesn t go in the tank on january 1st or january 2nd. the one potential immediate change is in the social security tax holiday which i never agreed with. we re borrowing money. i think that puts social security at risk. but all of the other tax changes would be for next year s taxes, not this year s taxes. so you don t see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren t across the board where you cut things that are useful and working well as much as things that are losers and go away. so under your theory and that of several ores, there s not as
cameron was coasting to an easy election. one week ago the conservatives were up five, six points. today they in second place, liberal democrats are doing well. we ve got great tape. we did testing here just as we ve done for your show and for fox over the last few years. we ve tested the individual party leaders. i would like to start with brown he s the barack obama of the campaign the labor party leader, obviously the prime minister. his language about defending what is happening in the economy doesn t go over all that well with british voters. the red line are labor voters yellow dems and green conservatives. watch brown not perform as well as he would have hoped. every promise you hear from each of us this evening depends on one thing, a strong economy. and this is the defining year. get the decisions right now