and what about the german people and what is their political well in the german population to carry on supporting the. so so not really but the political class almost unanimously wants to support it so there's 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 bundesbank and 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 easing be slowly but steadily dismantled 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 were the banks because they were fully rescued so that's to me is a deal that is not quite equitable the 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 traditionally 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 the joyce mark for the torch marks sake. you know 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 dots 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 the year race introduction and lower inflation might 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 and greece that leads us to the current problems if we had to trust them in between meaning revaluation of the dodge market devaluation of the procedure which we didn't have so what we did was postponed adjustments. and create unhealthy structures and i'm healthy 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 year way. 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. 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 enemy 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 although germany's economy is doing much better than was

expected following that the crisis is in its i think it was just at the best second quarter grace rates that it had for twenty years or it's a 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 imploded and now 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 stand the family own little stunt companies so i actually am investing quite a lot in those middle stump 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 if the collapse of lehman brothers is 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 market are korea southern bloc or whatever to have currency union some 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 is for. robel 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 a 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 fringes it's not going to be that more different but of course i'm in favor of strengthening europe the european union but in my point of view again the euro has nothing to do was a european union rightly conceived us also thank you very much thank you.

if lines. would be soon which brightened if you knew about sums from funds to christians. who threw stones on t. v z of nature and discover its museum be. news be communicate with the wild and lead to. test yourself and become free to. see what nature can give you the. wealthy british style the stock.

market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to cause a report. seventy years of the red machine which so we had people wanted to leave in the past. to make changes the society wasn't needed.

but was it possible to change the whole country's regime so quickly. with her. chronicles the only fundamental changes in the state clinton people's minds on. the close up she has been to the saucily in regions where the biggest russian salmon caviar processing factories located now known r.t. goes to northern paradise where many still live off the land. new ways are being found to fight economic turmoil. and live shows first free elections red nose. thousand years ago. welcome to the odd region russia close up.

more news today violence is once again flared up. from these are the images the world has been seeing from the streets of canada. china operations are today. this is not a provocation but a war of. the forces that we should step before you shoot a sort of pretty tree because they have no idea about the hardships that we face. plate one it's this is. all of them to need to. bring in the army the life the use the other is the most precious thing in the world. is of self-sacrifice and terrorism but those who understand it fully but you have to live a. real life stories from world war two. victory

nineteen forty five dot dot com. headlines the head of a russian on the drugs group sounded a prison sentence for the called saying is hardline rehabilitation tactics were legal supporters though insist they work. britain's foreign secretary to moscow's both sides to build bridges after years of frosty relations. as the first civilian trial of a guantanamo detainee in the us opens media predictions of police cordons traffic gridlock and security threats proved to be unfounded hype. and hopes on hand to report some of the benefit of being out of work in britain the how the authorities are trying to weed out the work shy from those. twenty forty five units got the sport.

without your company this is sports today i'm you know me and these are some of the stories we're covering this hour top of the table russia's footballers rise to the summits in european qualifying who would be following one they'll win away to us until be a. best of the rest we've got highlights from other games across europe including in glasgow where winning champions spain were given a scare by scotland's. strength and brotherhood that's the model fully in the first ever caucuses games kutcher reports in a few moments time. it's been a holy successful week for the russian national football team dick of the cabin coast scooping up all six points on offer from there to away games a win against ardent followed up by another over muscle on tuesday richard on poor

fleet he was in scope here for us. russia when two thousand and ten on top of brit being home for a tough one no victory in macedonia but russian showed no where near the same kind of pride football but they managed to show it on in just a few days ago the most important thing is i think i did later on his behalf i should come away from too tough a way trades with maximum points to a virgin of the way. from the dirty side but if you have six points and so the way to do her work was not a good performance but there were. so you know the question. is was there a fine strike from an exam because you're caught after only eight minutes was enough to give the russians victory in the endemic and about it more as they were dominant in the first time off probably going to slip him a second period and macedonia could about a share of the spoils pops deservedly how do you know i can fear if not saved a second home penalty i think of a crowd where you went on to say it was difficult for russia to cope and so then you're playing simon a long bolz. this is true allies

a better team to lure to be thought of does go will be more dual gold because this is a very. little room. because of the pressure they get some opportunities in more out of out of football but once again alexander excellence has been in great form for his club sides needs over the last month or so trying to carve out form over to the national side but a high praise from his manager to grab the cats because you're obviously himself is very don't lighted but he said the pitch certainly didn't help russia. much i'd say that the pitch conditions were a little bit more difficult tonight two than they would niall and the bounce of the ball was very unpredictable which added to the challenge however we control the tempo with much to do when you're using the long ball against us because we could have schooled more but one new and three points is a good result. russia came into these two tough away matches on the great depression following september's defeat to survive here but a combination of

a bit of log and results going by way of sonny painted a rosy picture and dick advocaat is confident going into the second half of the qualification campaign. including a five game we were anyone ever lost against. brazil we had to do and. it is improving and every go in. this. so russia top group be on mine points off the four games and pick up a cavalier plenty of time to prepare his side of our next away trip to lots of dark causes of the group so far mania and not much will get under way march. the scope here macedonia. also on the night in the same group slovakia and the republic of ireland shared the spoils in paris to finish ledger open the scoring sixteen minutes in before ya headed in an equaliser twenty eight minutes after the mr robey keane penalty then cost the visitors leaving the final one in. surprise package

armenia last week's win over the slovaks with another one against. keeping the highlanders well in the polls. will close. in on the rest of the euro. finalists leading by two points from the trio. remember only table toppers on high placed second seeded teams qualify automatically for ukraine and poland still a lot of football to be played with half a dozen games to go. though. plenty of action elsewhere on the night in glasgow spain managed to keep their one hundred percent record intact but only just against the scottish side after first tough david vs penalty. looked to be cruising by the time. and fired number two on fifty five minutes but held on by the famous home the scots promptly house the deficit through the head of steven naismith. and then

on sixty six minutes the free flowing home side how did another great. p.k. nudging the ball into his net for two two but then all the hard work was. only in the park for two minutes left all alone to finish the seventy six minutes three chief spain and heartbreak for the scots. in the team to win the world cup this summer the netherlands faced little resistance in their clash with sweden despite losing the influential coit to an ankle injury early on that stage made it thirty six minutes ago he finally finishing off the first of two for him the same and then showed some steel footwork to set up huntelaar second. after that the dutch took their foot off the pedal somewhat along sweet consolation goal through grant but by then the hard work.

two thousand and four european championship received in the driving seat in group f. are in a huff is not the one to break the law thanks to. demetrius so this is really better than the results this year he said and we're fully deserving equaliser. getting the final touch here later the deciding moment. ended in the israel penalty area leading to the cool finish. to impress. those. serbia much was abundant after seven minutes. fireworks constantly being thrown on to the pitch towards. the game. italy more than.

three. victory the shock of the evening was in. turkey. and austria. in the same group a. memorable night at the expense of northern ireland group c. . beating. next weekend fancy having to watch a little tennis in the kremlin cup is just the ticket will headline the minstrel while francesca schiavone will be joined by cried favorites. in the women's tournament. the kremlin cup is the oldest competition around here in russia 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 been pretty successful on its own we've kept

a list of two hundred five countries all around achievements over the last ten years. finally one of the proudest moments and site russia sporting heritage has come to a close they were goal caucuses games holy memorable event for the region our correspondent robert for done in reports on the tournaments which aim to discover just who is the toughest of them all. because. once upon a time in manton's some prole worse came together to test their strength against each other sounds like a fairy tale but it wasn't the first ever caucus's games. to sell the russian republic. to host teams from neighboring areas including

the. making of the field over two hundred athletes were on hand to compete in locally they were the events such as double war and powerlifting and also more specialized areas like stilt walking. the main goal of this festival is to bring the people of the caucasus together to 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 globally the region is renowned as a risk think both house and the inaugural caucuses games brought back to life and mention way of settling scores built wrestling as sport which was woman welcomed by fans and put his pencil like. i've already primed for ten years while bella translating has 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

was wrestling one of the simplest ways to find out just who stronger aiming to go. is in the city here just. the two thousand and nine european fifty five get a glory went into the event as one of the favorites despite being against men if. heaven. new problems do the book it wrong get over the top against all challengers . it was tough against the bigger guys but i was ready for that in any sport and in wrestling in particular if you've got the will and train hard you can beat anyone. local steam. cleaned over a week two of the games meaning next year the festival a little bit held at the same location the organizers already promising that in twenty seventh the month of sports were presented at the games lucrece for the new

and r t so the russia. some stunning scenery down there isn't there well that is all your sport i'll see you soon the world weather is coming up in just a moment. every month we give you the future we help you understand how we'll get there and what tomorrow brings the best in science and technology from across russia and around the world. join us for technology update on our g.

the international association of russian language and literature teachers will host a world festival of russian language. are you interested in a better understanding of russian language and culture can you sing russian songs well. become a participant of the world festival of russian language and win an exciting trip to st petersburg in russia. for more information visit the

festival website. russian court say no to one group's hardline tactics in his battle against drug addiction lawmakers may have ruled the methods illegal but supporters say they work plus. unconditional friendships russia says it will not place decisions on improving its relationship with britain both sides agreeing to disagree on many troubling aspects. also the bubble of high bursts around the first civilian trial of a guantanamo detainee as none of the us media is predictions of police cordons traffic gridlock and security threats come true. talked on hand reports on the benefit of being out of work in britain and how the authority to try to weed out the work shy from those really in need.

you watch a reality news channel from moscow it's nine pm here now i'm kevin now in with a top story good have you with us at their wits end with drug addicts a group of russia in russia's urals decided to take the law into their own hands their extreme methods of kidnapping dealers and users and forcing them to have treatment may want great support from the people but now it's fallen foul of the authorities who jailed some of them for abduction and torture this is the story of . a drugs raid gets under way and after hours of waiting for contact to give the signal suddenly everyone is up and running the police are involved not only taking part a law enforcement officers the raid is being organized by vigilante style group for me catching.