I am manus cranny. Coming up on the pulse, well be speaking to the former a tie in finance minister and the bank of italy director general emeritus the british co simon money emeritus fabrizzio saccomoni. Angela merkel warned that the clock is ticking. Time is running out. Where emphasizing the social cause they need to be made. And on to resolve the situation as it is. Manus let us get to our team. Guy johnson in athens. Once nichols in brussels. Hans nichols and brussels. Guy, let us go to you. It is about the banks. European Central Banks is holding Europeans Bank is holding firm on what they loaned to the banks so far. Guy paul will give you the details of what is happening. The Banking System remained shut. This economy is grinding to a halt. The agency said about depression. That is what it feels like at the moment. Businesses are shutting up. They cannot get more credit. Npls were already bad. They are going through the roof at the moment. The greek tagging system has enough cas
Its the last attempt to get a lifeline and keep greece in the euro. German chancellor Angela Merkel says time is running out. Angela weve shown much solidarity with greece. Our last offer was very generous. In these time of challenges be it refugees or terrorism, europe can only keep strong and stand together if every country asumets responsibilities. Vonny they have to decide whether they can cooperate with cyprus and walked out of talks and called the referendum. Theyre trying to prop up the falling stock markets. Foreign investors are selling shares at shanghai listed stocks at a record pace. Vonnie obama warns it will take time and went for a briefing with the top military commander and called the fight against the Islamic State a generational struggle. President obama this will not be quick as a longterm campaign. Isil is opportunistic and it is nimble and many places in syria and iraq including urban areas, its dug in among innocent civilian populations. It will take time to root
The eus chief negotiator tells the European Parliament time is running out to reach a brexit trade agreement. And, after bugs, glitches, and crashes, one of the years biggest video games cyberpunk 2077 is pulled from both the playstation and microsoft store. Roughly one in every 100 people in england, scotland and wales had coronvirus last week with the number of cases now rising significantly. Thats the warning from the office for National Statistics as the virus begins to spread faster again. The Prime Minister says hes hoping to avoid a Third National lockdown in england. But borisjohnson said rates of infection had increased very much over recent weeks. The labour leader, sir keir starmer, has called for the government to change the arrangements over christmas amid concerns about the effect of relaxing restrictions for the festive period. The uks r number or reproduction rate of coronavirus is on the rise again. Last week, it was thought to be between 0. 9 and 1. 0. It is now estim
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