not really but the political class almost unanimously wants to support it so there are some dissidents but it's part of the german reason of state that we're good europeans that we're good citizens of the world but. for this we've forgotten and that was my what my dissertation was all about fifteen years back but we forgot that germany also has interests national interests of its own which of course we should cooperate and of course we should be good partners but we don't have to do everything and so but the political class is firmly behind the euro so in this case it doesn't matter what the population is thinking are you one who believes that as a concepts the euro is fundamentally flawed basically within a currency area have to have flexible factors of production capital labor goods industry and we don't have that in continental europe labor is not moving freely capital is moving freely goods are moving freely but as long as you don't have

fully flexible markets you don't have an optimum currency area and also between germany austria the netherlands the benelux states we did have a defacto union currency union for decades they just did and they just followed the border spungen nobody talked about it worked perfectly but within that region you basically had an integrated market but to throw together greece and spain and italy and portugal and ireland and germany is sheer lunacy i mean sheer lunacy and they said we throw together so it will grow together but that is not promoting growing together the other way around would have been better to liberalize markets to keep national currencies to be able to just to shocks like this so what should we do you know that should be your is saying be slowly but steadily dismantle should we wait for the u.s. to collapse and i say ideally i would go back to a core europe and i would let the document return and the pursuit or return of the

lira return and we still would have a european union it's not like it would be the collapse of the european union quite to the contrary if we allow those. countries to set their own economic policy again and to be sovereign in their currencies we would do europe a service we're doing europe a disservice by having this artificial currency imposed on it it can only lead to political tensions like in greece where the greek population now has to suffer taxpayers germany has to suffer the only ones that didn't suffer in greece for the banks because they were fully rescued so that's to me is a deal that is not quite equitable a european central bank or recently said that countries leaving the euro is a would essentially be committing political and economic suicide what's your no not at all i mean it's of course very difficult to leave because you would have to do a lot of administrative measures you would have to prepared very well and of course international capital may be shocked for

a moment but in the end was the right supporting measures it would need some preparation it would need careful planning it would need careful execution but of course you could return the greek to the drachma and you could support it you still could support it with credits i mean the european union could step in with credit for it and dysentery period but we just would not underwrite the euro we would underwrite the greek economy as a sovereign but integrated nation are you a fan of detroit's mark for the torch marks sake no i'm a fan of the deutsche mark because it was a good currency in the bundesbank was a good institution and i think the rules that we had then were good rules for germany and also for europe i mean what what happens if you have a strong economy like germany's of course the doj mark would appreciate over time which again would help the neighboring economies to export more so it would give purchasing power to the germans and so good by itself being neck mechanism off

adjustment in the end a market mechanism that would help if you have a crawling peg or something it would help adjustments to come more easily and adjustments that would be good for everybody but hasn't the euro been. more stable than the deutsche mark was in the ten and twenty years leading up to your race introduction and lower inflation right as well isn't that a measure of the euro being quite a successful currency well we have to talk about that inflation if it's really low if the official inflation rate measures all that is to measure but in the end you had wage inflation you had goods inflation in spain in italy in greece that leads us to the current problems if we had to trust the in-between meaning revaluation of the dodge market devaluation of the present which we didn't have so what we did was postpone adjustments. and create unhealthy structures and unhealthy development saw as long as we don't have total economic union which we won't have for a long time we should not have one currency as an investor what would you rather

put your money behind to which michael you know a. i am an investor and i'm not putting my money behind any paper currency i buy stocks which is real assets stocks are tied to the economy they're not dependent on the currency per se i buy gold or buy sell via buy agricultural land i don't buy bonds bonds or paper money and we have a highly inflationary and unstable and solid monetary policy as a reaction to the crisis i mean i think as an emergency measure it was ok to print all that money because otherwise we would have had a real collapse so it's time to move back to normal and we don't do that we continue printing money and the economies are growing at an endemic pace the most so i'm not putting my money behind any state behind any bond behind any paper currency i'm buying real assets all day germany's economy is doing much better than was expected following that crisis and it's i think i just did the best second quarter grace rates that i had for twenty years the question of how you measure

those things because we fell down quite a bit but that's because of our export dependency so the economy went down a lot because exports basically implode. no they're coming back so we have this swing but yes in the end we have a strong economy we have lots of market leaders we still have the middle stunned the family own little stunt companies so i actually am investing quite a lot in those middle ston companies but also in some of our blue chip companies what do you think the effect of a collapse in the year a say would be on the regional and global financial markets some are saying that it would be a disaster on the scale of the collapse of lehman brothers yes it could be drastic but again i'm not expecting it any time soon because i think germany for the wrong reasons will subscribe to the euro it will underwrite it move continue to underwrite it so we won't have that but in case it happened it depends on whether it will hit us prepared or non prepared and right now we're doing everything to

prevent it but we're not preparing for the case that it might happen that that's the fallacy in my we should have a plan b. and if we don't have a plan b. it could indeed be drastic and what would your plan b. b. well of course a plan b. is to think about return to national currencies or to return to the mark block or a southern bloc or whatever to have currency union some mung economic regions that are more similar that are more homogenous and we don't have that we should at least start to think about it because it's not going to be the end of the world i think even it's it's preferable but you don't have to go as far as you just have to admit that it's not going to be the end of the world and that we have to think about those things and policymakers and officials should think about it so they have plan b. more countries are joining the euro zone all the time the next one is going to be a stone year which will take up its place on the first of january next year how does more diverse economies joining affect the stability of the euro i don't think much because the euro is already unsustainable unsustainable in the very long run

it's already to. the diversified to many different countries so if we add the two or three more from from the free. it's not going to be more different but of course i'm in favor of strengthening europe the european union but in my part of the year again the euro has nothing to do was a european union rightly could see. us also thank you very much thank you. discover it's easy. with the wind. test yourself and become free.

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culture is that so much of a muslim community made in the name of a lot of people carrying a burka and alternative media outlets are challenging the dominance of traditional heavyweights in all languages why are viewers looking for alternative. more news today violence is once again flared up. and these are the images cobol has been seeing from the streets of canada. giant corporations are on the day.

forty two thousand americans die each year from fire accidents only a thousand. seven hundred thousand people live and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us here part disease is even more devastating it kills over eight hundred seventy thousand americans every year. they faced it this is not a provocation but warning them of the. very fortunate and we should just step before you shoot a surprise victory speech so they have no idea about the hardships to face to. face one it is this is it is all of them too nice to him for in the army the life

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the head of a russian foundation has been jailed for using tough treatment and techniques but his many supporters say he's achieved when the authorities have failed methods got results. after the media panic over one ton of trials being held in the first detainees is appearing in court but the hype over security and policing troubles has failed to materialize mainstream news outlets story on the back. and one in one thousand british households has one in the u.k. the worst among major nations a generous welfare system is being blamed for keeping. its. sports news from union is next and russia seem to catch in a european qualifying group as you. thanks

gary. this is sports today here in twenty four are. these are our headlines. of the table. rise to the summit in european qualifying group the following in a way to macedonia. the best of the rest we've got highlights from other games across europe including in glasgow champions spain were given a scare by scotland. was the model fully in bloom up the first ever caucuses games are reported in a few moments time but we do begin with football where it's been a holy successful week for the russian national football team. scooping up all six points on offer from their to away games against arlen followed up by another. on

tuesday eight minutes from the. making all the difference. in the trip home two goals and five days. with full praise going. to see if the penalty seventy three minutes in the. republic of. open the scoring sixteen minutes before. headed in an equaliser twenty minutes later. leaving the. meanwhile surprise package armenia. other one. being the highlanders well in contention for qualification. but it is russia who will close. in on their. rest the euro two thought. leading by two points from the

trio aren't armenia. remember only the table toppers qualify automatically for ukraine and poland with the second placed side going into a playoff still a lot of football to be played with half a dozen games to go for each team. ok plenty of action elsewhere on the night in glasgow spain managed to keep their one hundred percent record intact but only just against a bottling scottish side after first time via penalty the world cup champions looked to be cruising by the time andres iniesta had fired home number two on fifty five minutes but helped on five hundred rural the scots promptly have the deficit through the head of steven naismith. and then in sixty six minutes the free flowing home side have another great build up leading to piquet nudging the ball into his own net two two and then all the hard work was done fernando llorente only on the

park for two minutes left all alone to finish the pervy and seventy six minutes three to spain heartbreak for the scots. for the team spain beat to win the world cup this summer the netherlands faced little resistance in their clash with sweden the spike losing the influential to an ankle injury or the only one will opt out stage the around the it made it to thirty six minutes after he fell a finishing off the first of two for him the same and then showed some nifty footwork to set up huntelaar second. great effort. the dutch took their foot off the pedal allowing sweden to not buy the consolation goal through andrea's run vista but by then the hard work well it was already done i. know some of the highlights. of the thing occurred in genoa where the serbian march was abandoned after seven minutes choo-choo cried trouble for.

fireworks constantly being thrown onto the pitch towards the italian goal month leading to if the officials calling off the game the score was nil nil. more than likely will not be awarded a three nil up forfeit when elsewhere the shock of the night happened in fact. they beat turkey one nil goals in brussels belgium and austria they're all squared for four fer a while and they had a great night northern ireland with them a great result for the little island to montenegro well they're finished all square at wembley which they have all but eliminated from euro twenty twelve with a four one win. if you are in moscow next week and fancy having to watch some tennis in the kremlin cup is just the ticket. will headline the men's draw while francesca schiavone will be joined by croyde favorites. in the women's tournament.

the kremlin cup is the oldest competition the round here and there sure we've been here since the day our state was founded no other sport has a similar event so we're very proud of the cup being the backbone for russian tennis which has. its own list of two hundred five countries all around achievements over the last ten years. just to american football where the talent packed new york jets are living up to their pre-season hype five games into the n.f.l. season rex ryan's charges escaping with a twenty nine twenty win over the vikings spoiling brett farve milestone night strengthening their late in the a.f.c. east forty one year old for taking on one of his former team soft earth famously faltering for the jets made in two thousand and eight dominating during the first time for about reinflate contest on till the vikings watched defenseman gunslinger attempt one of history of mark comebacks his milestone five hundred career touched

on past going to run the most the vikings fans no doubt glad to see the electrifying playmaker back to his first n.f.l. team. are showing up on logic isn't going as yet percy harvin coming up with a difficult catch coming to lead to twenty two twenty four also known for his affinity to making risky throws the jets do i think lowrie julie rewarded with an interception to seal the game twenty nine twenty five schools. in europe is once again reemerging as a world golfing power according to twenty ten ryder cup winning captain column montgomerie inishmaan lee westwood he set to end tiger woods reign us world one on hole a week after leading the europeans to the ryder cup last week montgomerie is predicting yet more changes on the pro tour. well was about two to two americas dominance of the world rankings. tiger and phil mickelson one and two now we do we just don't have the west with martin comic coming up as well he's fourth now and

if he continues his way he'll be able to beat us with two if he keeps winning i think lee westwood will be number one even if he doesn't play i think tiger if he doesn't change the schedule will lose his number one spot to something altogether more different kelly slater as quest for a record tenth surfing world title remains on course the american easing into the third round of the rip current pro the of ten legs on the world tour of slater's and main rival south african george smith honest really a defining or also see if we threw in portugal number two smith eliminating wildcard monolithic a all of germany with this ride or over the table on to slater as the thirty eight year old cruised into the next round with a comfortable win over brazil to bruno santos slater faces fellow american gabe kling next saying he regards funding as the main title contender this season after himself of course. the pressure is on me. it just depends on how you look at it i

didn't look at it the wrong when the pressure is on me but really it's you know if i didn't have another way this year mick would still have to do well in the next the contest. so it is going to. get you going to. brings us back to russia finally where one of the protestant moments in southern russia sporting heritage has come to a close the inaugural caucuses games are wrapping up a wholly memorable event for the region our correspondent robert downey and reports on the tournament which aims to discover just who is the toughest of them all. once upon a time in the windows mountains some role worse came together to test your strength against each other sounds like if they were tail but it wasn't it was the first ever caucuses games. still the russian republic of korea changed to

host the teams from neighboring areas including biggest stunning. making of the field over two hander athletes were on hand to compete in locally they were demands such as double roar and for lifting and also more specialized areas like stilt walking. the main goal of this festival is to bring the people of the caucasus together let them meet communicate and make friends it's like a cultural exchange and all of us should unite for the sake of peace throughout russia and indeed the region is renowned as a risk in both house and the inaugural caucuses games. and mention way of settling scores built wrestling as sport which was welcomed by fans and it has been so like . i've already for ten years while belt try sling is a completely new experience for me but i liked it very much as

a truly man's sport where you should be strong smart and persistent threat was. the only one of the simplest ways to find out just who stronger aiming to be and believe me it is in the said city just ask our century mind if the two thousand and nine european champion fifty five children will get a gory went into the event as one of the favorites is but i think they're against men who tend to lose ever. to prove that the got it wrong good going over the top of these old challengers over another conservative it was tough against the bigger guys going i was ready for lack of us in any sport and in arm wrestling in particular if you've got the will to go and straight hard you can beat anyone or go vote for. a local steam q.h. a chick a sickly little victory against me next year it's best to leave the field at the

same occasion the organizers already promising that in twenty eleven the markets what's the reason that it's against the increase of the club in them r t so the russian. strongman there are robert of course in the middle of them all of us all the sport for our world weather is coming up in just a tick. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers.

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the drugs fight too far ahead of an. asian accused of using tough treatment techniques is jailed by his supporters say he got results. you know that a terrorist suspect being tried in the court announced. to the bother you does it concern you that this is going on right here. off the media panic of a gun toting the trials being held in manhattan the first detainees hits court with some of this is definitely. the britons better off on benefits we look into why the u.k. has more people sitting idle than any other major you country.

broadcasting live from the heart of the russian capital you're watching r t welcome to the program. long been tough rehab for drug addicts but kidnapping them and forcing them into extreme treatment is a step too far off for russian courts a group in russia's urals which is played to the severe problem waged its own war on drugs despite enjoying widespread public support three people have been charged with abduction and torture. explains. a drugs raid gets underway and after hours of waiting for a contact to give the signal suddenly everybody is up and running the police are involved usually not all taking part in law enforcement officers the raid has been organized by a vigilante style great name ansel's city without narcotics i knew this is a drug called there's a more fees were.