it means drop your democracy let's have an oligarchy that's what an independent central bank means in the long as you have a central bank run by right wing bankers who will say we want to bring in an anti labor economist like the lady in france instead of the i.m.f. . and we want to be employed democratic anti-labor and you say that's the hallmark of democracy but how on earth are you ever going to have a civilized the rest of the mocker see in the euro is a toxic mix very much so i mean essentially we're dealing with a neal version of plato's republic being played out in central banks i mean it's absolutely terrible there's no democracy to just follow up on a plate that you may you know i don't argue that there is a real structural dimension to this crisis which financialization has starved of the real economy of capital and entrepreneurial energies that would have gone into innovation previously and as a consequence of that we're not seeing the deployment of as many innovative technologies as we perhaps would have in the past nor the development of the i

think you're right to a certain extent it's a false crisis but on a deeper level there is some real dimension to it as well your job and you're going to be i mean i agree i mean either you're a general global problem either financially dominant you know financial services about how about the banking sector you know but i mean that's that's true of it but i come back to what i said i think of a year at the year i was a currency you know it's kind of it's kind of crisis most of the way you know the sort of the gold standard to be i mean i think thirty's it was like a very imposed you know survey deflationary policies on countries that couldn't survive i do think that's a separate issue do you hate anglo merkel so much i don't hate her it's the fact that you beat her up although there are the programs she has bought the banking myth she says we have to give money to the banks and make them solvent if they lose all the money in the bad beppe make them good you've used the word financialization she doesn't she thinks that the economy needs bankers to run it in. to make it work

but the bankers probe. and the reason we're in a crisis is that the debt crisis because the bankers who created that irresponsibly she says it's not the government to tell banks to be productive be parasitic that's the free market rip us off hey that's the free market our job is to give the bankers enough money so that when they make bad loans they can do everything they get paid and we're willing to sacrifice the economy year after year we're willing to say so what merkel is is an american politician she can deliver her constituency through her campaign contributors and if that's the kind of politics you have in europe then the american government on this issue the writer of the eurozone referring to old europe the way they've just started down the route of the wild one point which is that i thought she was scared of the losses of the european banks which would suffer if you know for example i mean it's obvious to anyone but greece should default on its head yes one hundred seventy percent of g.d.p. it has an economy contracting it's of the same year there's absolutely no way it

could be good to be paid so that it actually if you do if you don't leave me now in the bones are mostly kind of hedge funds and that are going to be paid out to be said no i'm going to say on the year i know that they're not going to get fifty cents on the year and i've had to settle for something like that but that's a scared of the losses so you have a substrate of b.n.p. george bank of the rest of it that allow it to happen it would be much better for everyone if they allowed the peripheral countries to default and then if they need to rescue the oyster bad pretty good you could have a debate about that afterwards if you take. the risk if i were to be. too it was written right where everything is above board and everyone can see the figures be much better and we had to be sure with stephen a lot of course the swedish banks were terrified as was the swedish government lothians with the poles and i think you're absolutely right matthew we need to get right on we have to stop maintaining this fiction the piece that's a retail there not just to just take a huge haircut everybody. came so all right just cancel the public would actually benefit from this if the banks would take a haircut just. to get back to the point michael made i mean i think what he was

describing was a kind of a functional outcome of the system i mean michael has used an analogy or metaphor for their rather like and that is of a parasite that actually convinces its host to act in ways that it wants and so we have this idiology that's present and that's how the system runs in a very parasitic fashion you have a column of those who actually control intellectual production and politicians pick up on that and i think many of them think they actually are acting in the public interest so we're geoff and i disagree with the europeans is that we're free marketers we believe in what adam smith said adam smith said that no government has ever repay its debt and he was right and we believe that. the pretense that governments can repay the debt the banks know very well they can't repay the debts what they want is now foreclosure time is a arrived or you can't pay give us the parthenon give us your water supply give us your tourist land this is the big gray up and that's finances now doing military wasn't that kind of pain its methods and give you the last word kind of is that

kind of finance destroying the real economy. so is that even the us i mean the assistance that peripheral countries can be paid at days he's absolutely catastrophic and easy for these economies i mean i think you know people just need to look at the figures of what's happening in places like greece and that's just the most extreme example the same things happening in italy and portugal and spain you know we've seen recessions in the u.k. the united states but this is a nine hundred thirty style recession that's taking place in all these countries and it's it's completely crazy roger is really i don't have all ended on a very pessimistic note always happens when we discuss the euro i want to thank my guests here at the global policy forum your in the us love it thank you very much and thanks to our viewers for watching us here r.t. see you next time and remember crosstalk whoops.

building bridges the british prime minister is in moscow for talks with the russian leadership after years of strained relations. israel is this beautiful fifty four billion euros staring package and there is a final debate in the lower house of parliament but open protests have no popular cards have already started. and powering up iran prepares to plaza the russian built bush era nuclear station it into the national grid the first of its kind in the country.

am in the russian capital you're watching r.t.i. marina joshie welcome to the program a huge chance to thaw frozen ties with russia this is how the british prime minister views his visit to moscow the first by u.k. meters since two thousand and five relations between the two countries have been strained in recent years over a number of issues notably the poisoning death of a former russian security agent in london well you know across lives over one of these so now we for more on david cameron's visit you're in moscow so i need to talk us through what is going to be discussed today. but let's look at your sides have agreed to disagree of course it's. been. a pretty hard. was quite a strange place to get to when you focus on a former russian i would say it. wasn't my place and died in london that was followed by

a diplomatic route and expulsions there's also been reluctance to find british authorities over the past couple of years to extradite very much wanted russian citizens by force here in moscow high and i think it's pretty much fair to say that although not of recently after the bit of scandal pretty much high level bilateral cooperation was never and there's some. sources that we're hearing that are hoping that perhaps today will be the day we're maybe we won't see a break for it but we could see the first step toward some kind of reset on another issue that britain and russia of course have had their differences on the international stage of libya and syria and we know that the two leaders today will be focusing on those issues britain one of the first countries to try to secure that u.n. resolution to go into the country and of course some of the first forces in libya want to be on the table as well overall we're hearing that both sides of the step how much they really need together and they certainly do have

a lot of common ground where they can begin to rebuild relations but obviously as you just said there's a quite a few issues to be ironed out there and you also mentioned the two sides that have some common ground let's talk about that a little more. right both sides understand their responsibility as major economies in light of the global financial crisis british investments in russia greece forty billion dollars by the end of twenty ten so obviously russian leaders british leader and businessmen alike want that relationship to continue in the works is a major projects by selling russia's gas problem and also both countries it seems like really believe that they can learn from each other both go with the post upcoming the week with the events coincidence going to tell sochi twenty four. both parties are building major innovation cities and russia the so it's not like the. long run things are still hard to build not something they're going to be about and

again the two partners will blow the first six years that such a high level for the first moscow president raised to the british prime minister david cameron. on the last year and let's not forget they worked together in the g twenty. how they're very close together a very big. a lot of work to do and a lot of issues on which they certainly hope they can begin to see eye to. our enemies thanks very much indeed for bringing us the details in david cameron's visit here to moscow and he's now reporting there. italy's much disputed fifty four billion euros terry package to slash the country's crippling debt will go through a final debate at the lower house of parliament on monday it would increase taxes and cut government spending to balance the budget by two thousand and thirteen a constant changes to the plan and squabbling between lawmakers as damaged people's faith in it and as i've been of reports there's

a town that's decided it doesn't want to wait for the cuts. welcome to filipino a small town in the middle of italy it also claims to be an independent principality and separate it even started printing its own money the man on the new note says town mayor lucas a lhari now self-proclaimed prince i guess everyone dreams of being a prince when they're a little boy and so did i now i get to live that dream filipinos going solo in protest over government plans to slash council funding it wants small towns to merge having the number of local authorities with a population of just six hundred filipino and its mayor of but the chop was a. terrible idea because it makes no economic sense we have everything here to be autonomous and besides the neighboring towns are at least thirty kilometers away so it's not practically possible it would even save that much money regional

administrations do nothing to get rid of them instead of the cuts a part of a forty five billion euro austerity package italy's in deep debt one hundred twenty percent of g.d.p. the second highest in europe but unions are furious with the cuts accusing the government of punishing those already at their poorest even some of silvio berlusconi's own allies now oppose them with amendments piling up but filipinos fed up the term and to be the next san marino a constitutional republic within italy that has no national debt a rare thing in europe but methinks the town can live off its natural resources of wood and water but currently profits go to private companies there are constitutional hurdles but since autonomy is not illegal it could just be a matter of time at the moment these notes aren't legal tender they're just souvenirs the plan is for two theory to be worth one euro and for this to be the

only current. they could be spent in the shops and restaurants here these this is always been slow in this sleepy town but shopkeepers hope they mean money will bring new cash. and show that once we start using the new currency the economic situation here will significantly improve it will have a positive effect on tourism of course attracting me peoples of the town. far from being a p.r. stunt filipino means business and berlusconi knows it he's visiting the town later this month to stave off the rebellion and he'll have a fight on his hands filipinos the source of rome's water supply and the mayor is threatening to cut it off if he doesn't get what he wants out of bennett's r.t. filipino italy get laid in greece meanwhile is planning to impose a property tax acclaims will let the country meet the demands of its slanderous the

greek prime minister has already pledged to move ahead with highly unpopular sorry measures later we talked to a greek m.p.c. miscarry carlos and says joining the euro zone was detrimental to his country's financial health. and with the help of the european union greek farmers have stopped producing on the country like greece right now can't feed its people we don't produce enough meat we don't produce enough we even oil we are importing. came from the good opinion that farmers were paid so that they wouldn't produce anything. we've destroyed one of. the main masses of our economy the investments that were made europe were only to sell germany you know what's the biggest investment made in greece for the past two years super markets. and we ended up buying german products buying german cause

maybe greece borrowed a lot of money in the past ten years from the get go if you know from germany especially why don't you check out how much money germany has made out of greece the past thirty years you'll discover that it's more than what we borrowed. you can watch the full interview with greek m.p.c. miscarry called in just twenty minutes time here on our team also ahead this hour america remembers the victims of war terrorist at the history and decade after the nine eleven attacks. and cairo and ankara turned their backs on the jewish state israel has warned it will soon be isolated in the region with two of its former allies expressing a growing resentment. wealthy british style it's

sometimes. hard to. market why not. come the. why not what's really happening to the global economy with much stronger or a no holds barred look at the global financial headlines kaiser report. mine. would be so much brighter if you remove someone from feinstein pression some. stunts on t.v. don't come. iran's nuclear power plants will share will start

operating officially when it's connected to the national grid later on monday vassil the works was built with russia's help came online last year russia's energy minister praised the efforts and working together and promised similar projects in the future it would. give the would you rate income people or it's win through difficulties some problems building plans to deal with the results that are drawing the attention of the whole world i'm sure the cooperation in creating the station and the building of the nuclear energy projects will be distinguished by the atmosphere we created by working together that's russia has agreed to provide fuel for the plant but iran will return all spent fuel to russia to ease western concerns over its uranium enrichment program iran has once again stressed its atomic ambitions are peaceful and are not aimed at building nuclear weapons. sunday was an emotional day for americans remembering the victims of the nine

eleven attacks exactly ten years ago thousands gathered in new york at the new memorial at ground zero and students silence while the names of the three thousand people who died were read aloud ten years ago terrorists crashed hijacked planes into the twin towers of the world trade center in new york at the pentagon building in washington d.c. one more plane came down in the state of pennsylvania the u.s. responded back with invasions in iraq and afghanistan for which it was hugely criticized author and journalist afshin rattansi says washington's response to the attack was inadequate and will eventually backfire. i think institutional structures even in a country as advanced as the low sole superpower on earth were at fault for many people said the institutional and bureaucratic procedures didn't allow them to shoot down those planes before they get the world trade center and so forth but perhaps a bigger malays here is that all systems seem to have failed in the media because

the police forces the intelligence agencies government it's as if and this happens when empires start to fold the response from the united states to nine eleven was was so catastrophic a wrong that. someone love him i don't get what he wants but people all around the world have been affected so poorly so badly by u.s. policy lots of people in the global south still remember how their countries are being distorted and destroyed so many ways for america i think of american intervention in afghanistan and the other superpower previously the soviet union has proved again and again very dangerous for the superpowers involved that afghanistan is not an easy place for america to take over and i think you know if one australian cries i say his first responsibility is really afghanistan people would say that probably and then to the wider region not to the united states so

the idea that the united states can take succor from what's happened in afghanistan i don't think so and as to democracy building democracy building needs to be creative from the ground up it took a huge toll on the american economy as well and it's a sad day for some of the sunday for those who believe in the constitution the original constitution united states of america one of the greatest ever and see how superpowers they rise and they fall. well for other explosive nine eleven stories and much more be sure to check out our web site r t v dot com and here's what's in line for you right now. luke nearly ninety percent of afghans have no knowledge of the september eleventh attacks against the u.s. or the reasons why their country has been occupied for nearly a decade and you'll find some surprising details an exclusive video online. and ten years after the attacks one does not an eleven mean to you make sure your voice was heard in the poll on our team dot com plus there's lots of video to check

out on our war you tube channel. is. the official g.o.p. . from the. video.

colonel gadhafi is remaining troops continue their resistance and media as the rebels advance on one of his last strongholds would help of nato airstrikes that obvious fighters did not lay down their arms before a surrender deadline last week but whereabouts of the libyan former leader who vowed to die in the country is still unknown one of his sons saadi has crossed into name. share earlier reports suggest other members of his family and the sound associates are already there but with the former leader now on the run journalists are conscious says nato is kind of predicting the initial phase of its mission. we have now nato was the main rebel commander in tripoli it was a former friend of al qaida and a so-called jihadi so this is really the big news that we have today which in the end hardly any of the news or news networks are covering what has to learn that the worst will never give up its domination of the globe without devastating and taken

the rest of the world to war so it is not so doing the main lesson for us than that is how do we develop our effective internationalism against aggression or for worse no lessons have obviously been learned by the west because what they've done in libya and you know gadhafi has more of a social support in libya than the taliban do in afghanistan unlike our understand libya is just neighboring europe so with the resistance that is raging in ben walid and sirte then to want to go in suburb in libya i think europe needs to watch his back. turkey has warned israel it faces a growing isolation in the region as the turkish prime minister prepares to visit egypt a jewish state has recently found relations with cairo as well as ankara strained after rioters ransacked the israeli embassy anger swelled after israeli forces responding to a cross border militant tab mistakenly killed five gyptian police officers last month and turkey has vowed to sue israel in the international court over its

blockade of gaza that's already cut all military and trade ties with the jewish state after it refused to apologize for killing nine terrorists in a raid on an aid flotilla last year dr jonathan spyer from the global research in international affairs center says the role of israel in the changing middle east is diminishing. it's important to remember that there are there approaches underway in the region right now which are in no way in which israel can in no way really exert any influence we are in the midst it might be said of a tectonic shift actually in treaty to picture the middle east and one of the aspects of turkey's move towards making a bid for regional leadership is once again the very distinct cooling of to put it mildly its relations with israel so these are processes of historical magnitude which israel can't really influence israel in a certain sense is only going to be able to pursue a policy of damage limitation hoping very much to keep these relationships with egypt with turkey as much as they possibly can. what you are to live from moscow

let's now take a look at some other stories from around the world counting is underway in guatemala as for the elections for former military general out of paris molina thought to be leading leftist groups have warned against a return to the nation's dictatorship passed by the high crime rate and poverty in guatemala have left many voters seeking tough solutions analysts say molina nicknamed iron fist is seen as most likely to restore order and stability. a march in chile to remember the victims of dictator augusto pinochet turned violent crowd started pelting police officers and the media with rocks before a full blown riots started on the streets of chile's capital santiago similar marches are held in the country every september eleventh. two explosions have rocked the nigerian city of jars leaving at least one person hospitalized explosives were apparently thrown from a moving vehicle near

a packed restaurant as is the latest blast in the city of jars which has been a blaze with ethnic clashes for years causing hundreds of fatalities. lost lives despair and destruction the constant companions in any war but the impact on nature often goes unnoticed a little later r.t. focuses on the environmental footprint of war. well when one deals with war for us to realize that there's tremendous amounts of damage that are done not just human damage but damage to the physical environment in which the battlefield takes place tremendous amount of damage done by aerial bombs by napalm boy coming from the city whether it's a sonic boom say tractor or a mammals or it's the burning oil fields around the rock or a good strong reefs in the pacific for ramming purposes the list just goes on and on the geneva conventions and fourteen states that are shall be taken in

the war to protect the invite against widespread long term and severe damage to the united states although it is accepted almost all of the provisions protocol has taken exception to that. watch our special report in an hour's time here on our team before that oh what's that look what's happening in the world of business you'll use here. hello and a very well welcome to the business report well in the hardness of the dumas i believe the world is heading rapidly for a second deep of the recession but influential economist nouriel roubini warns of a perfect storm of high.