[Quest:] Hello, I'm Richard Quest. There is more "Quest Means Business" in just a moment. The President of the European Council invoked Shakespeare in his "brexit" deals with David Cameron. And we're expecting important earnings from Yahoo! and chipotle within the next few moments. We'll bring them to you when we have those details. For all of that, this is CNN. And on this network, the news always comes first. Hillary Clinton has been declared the winner of a narrow victory over Bernie Sanders in the Iowa caucuses. Pools show Sanders in the lead in the next race in New Hampshire. Speaking to CNN's Wolf Blitzer, Secretary Clinton admitted she has work to do in order to attract younger voters going forward.
[Clinton:] I'm thrilled to see so many young people get into the political process and I was very proud of all the young people who worked for
[Richard Quest, Cnn International Anchor And Reporter Host Of "quest Means Business" Show:] in order to attract younger voters going forward.
[Hillary Clinton, U.s. Democratic Candidate For President:] I'm thrilled to see so many young people get into the political process and I was very proud of all the young people who worked for me, volunteered for me, supported me. That's all to the good and it's great for the Democratic Party. But I'm going to have some work to do to reach out to young voters, maybe first- time voters who have to make a tough decision as they evaluate who should be our president, our commander in chief and I intend to do that.
[Quest:] Meanwhile, the Republican candidate Ted Cruz is back on the campaign trail also now in New Hampshire after a stunning victory over Donald Trump in Iowa. The Texas senator told supporters that his victory had sent a clear message to the rest of the United States.
[Ted Cruz, U.s. Republican Candidate For President:] The men and women of Iowa sent notice 'cross this county that this election is not going to be decided by the media.
[Cruz:] If this election is not going to be decided by the lobbyists and the Washington Cartel. That it's going to be decided by the grassroots.
[Quest:] Spain's Socialist Party will get the next chance to form a government two months after the general election failed to produce a clear winner. King Felipe has asked the Socialist leader Pedro Sanchez to form the government. The Current Prime Minister Mariano Rajoy of the popular party was unable to put together a successful coalition. North Korea has told the United Nations it will launch a satellite into space in the next month. This is video from 2012 when the North said it was firing off a rocket carrying a satellite. Officials in the U.S. say the same type rocket that will put the satellite into orbit the North could also be used on a ballistic missile. "To be or not to be together." Donald Tusk quoted Hamlet as he unveiled his plan aimed at getting Britain to stay in the European Union. And critics are already giving it bad reviews. The British Prime Minister David Cameron says he knows a hog from a hacksaw, Act 2 of the appeal to the British people. The PM insists he got what promised with his four conditions. Meanwhile, the Euro skeptics in Act 3 and his own party doth protest too much for Cameron's likings. And they could turn on their own leader as the plot moves on to the Final Act. The Final Act is the vote itself and the British people will decide whether tis nobler in the mind to stay with Europe or to find fortune on their own with their slings and their arrows. But it is important to note at the end of "Hamlet," everyone dies. Mr. Cameron says Britain can reach a happier ending with a few improvements to the proposals. CNN's Phil Black explains when you look at the draft, what's there.
[Phil Black, Cnn Correspondent:] June 6, 1975, the last time the British people had their say on whether or not to stay inside the European Union. Sixty-seven percent of voters were in favor. So Britain has remained part of the growing economic block now made up of 28 nations. Fast forward 40 years the U.K. holds an election and returns David Cameron's Conservative Party to power. It allows him to deliver on a key promise made to satisfy many in his own party. A national vote on the U.K. membership with the E.U. to be held by end of 2017.
[David Cameron, British Prime Minister:] Yes, we will deliver that in-out referendum on our future in Europe.
[Black:] Cameron wants Britain to stay in the E.U. but says he needs a better deal to sway British voters. He's demanding reform in four key areas.
[Cameron:] We want to have a Europe where we're not subsumed into a super state, but we can be proud and independent. We want a Europe is competitive, we want a Europe that respects our currency and treats us fairly and we want a Europe that takes the pressure off in terms of migration.
[Black:] Migration is the big contentious one. Cameron believes many Europeans come to Britain because of generous government benefits to low- paid workers and he initially pushed for a deal that would see migrants go without those benefits for four years. But the E.U. said no way, that's discrimination. So the suggested compromise is an emergency brake where benefits can be suspended temporarily if migration rates are causing excessive pressure on the country. Cameron says this draft agreement is real progress.
[Cameron:] If we can secure what's in this document and finish off the details and improve it still further, we'll be able to show that on balance Britain is better off, more secure, more prosperous, better chance of success for all our families and all our people inside this reformed European Union.
[Black:] But critics aren't impressed. One anti-E.U. pressure group called it a "worthless package of so-called reforms." The E.U. leadership also has a tough sell convincing other member states to embrace compromise. European Council President Donald Tusk reminded the mistakes are high, tweeting, "To be or not to be together, that is the question." Now the focus is thrashing out the detail to secure a final agreement at an E.U. summit this month. If successful, the British people could soon learn when they will get to vote. The earliest possible date would be in June. Phil Black, CNN London.
[Quest:] Courting business leaders has been one of the most important parts of the British prime minister's campaign. Mr. Cameron spoke at a Siemens Factory on Tuesday and insisted Britain would be better off in the E.U. He's seen shaking hands there with the chief executive of Siemens U.K. who is Juergan Maier we're delighted having been with the prime minister. Mr. Maier joins me now from London. You were fortunate that of course the day he's there and you get the deal, have you had a chance to look at this deal the various component parts as to whether or not you find it acceptable for British business.
[Juergan Maier, Ceo, Siemens U.k:] Yes sure, I have had a look and obviously I was there today as the Prime Minister was addressing some of our employees. And as far as I'm concerned, particularly the point of more competitiveness I think is good for business in Britain. I think it's good for business across the whole of Europe. And the other key thing for me is that we definitely have made progress on these reform points. So I'm looking forward to an opportunity for a hopeful early referendum because that would be good for business because uncertainty is not
[Quest:] Right.
[Maier:] good for business and we'd like this behind us and we'd like to unite.
[Quest:] And as I read the document today, one of the key areas is this idea that sterling must not be and acking out on the other non-Euro currencies must not be at a disadvantage to the countries to those countries who for whom the Euro is their currency. Do you think that makes a difference? Or, I mean, I guess the real issue the critics say it's just words, it's verbiage, it's just it's just stuff.
[Maier:] Well, at the end of the day, what this does is it makes it absolutely clear that there are two types of countries within the EU and one set of countries are within the Euro, and Britain, like some others, have chosen not to be part of that Euro. That means that we have all of the other benefits of access to the free market of being able to do joint research projects which is very important to ta company like ours. But it means we're not part of the common currency which I think is absolutely fine, and to make that more explicit I think is a positive thing.
[Quest:] This you mentioned a moment ago about the damaging effect of a prolonged debate or a prolonged referendum process. Not necessarily with Siemans, but from your contacts with other chief execs and other European business leaders, are they deferring or delaying or procrastinating on investment decisions pending this referendum, do you think?
[Maier:] Well I think uncertainty is never good for business. So the answer is, is there might be some businesses that are saying well, you know, at the end of the day in or out of the E.U. is quite an important factor. And might just hold a decision until I know what the outcome is going to be. So I so I do think that in this moment in time, there will be some finance director's CEOs who might well be holding back on making important decisions so therefore my message is the sooner we can move on, the better it will certainly be for business.
[Quest:] Well of course that will be June the 23rd, of course assuming there's a problem there with the national parliament votes in Scotland and Wales. Finally, Mr. Maier, I'm just going to chance me luck here did the Prime Minister give you any indication when that referendum would be? Did he sort of say ah, Juergan, it'll be March, it'll be June, it'll be any idea?
[Maier:] No is the answer to that, but I think we were all encouraged by the fact that progress is being made. So we hope as early as possible. Maybe it is in June, let's see.
[Quest:] Good to have you, sir. We'll talk more as this debate goes on. We'll have you back in again to talk us through the business aspects of this. Nice to see you joining us from London. Now from the question of a single currency to the issue of Israeli startups. And we'll talk about the economic situation is getting very trick, particularly when it comes to raising money. "Quest Means Business."