but russia would you have to be i.d.'s counterproductive while the iran insists it has nothing to hide calling the i.a.e.a. finding split a size. zero next artie's entries show spotlight as ireland gears up for another hit after bailing out failed banks algor enough speaks to the country's minister for foreign affairs and trade. to discuss what's being done to avert default.

hello again and welcome to spotlight the into the show on our to al gore novel and today my guest is. island will be taking over the presidency in the e.u. in the year of two thousand and thirteen but on the eve of this event ireland is facing pretty serious economic and financial problems well as well as many other european countries and members of the eurozone prison mid-range of the russian president when he was present at the g. twenty summit in france said russia is ready to help its european neighbors so what kind of help is russia ready to provide to iowans let's ask the deputy prime

minister and the foreign minister long island eamonn. as the european debt crisis spirals even further all to control economists worry about the future all the euro if greece defaults and then leaves the currency island and all the weaker economies may be forced to do the same the region stronger nations have graded and almost half a trillion euro bailout fund but that's still not enough. the europeans are seeking support in the east particularly from china but they also want russia to help it's a request officials in moscow believe in this economic and political interests to. take over a welcome to the show thank you very much for being with us pleasure to be with you well first of all i want to before coming to moscow this time you said my intensive schedule attests to the emphasis we place on deepening and broadening further our

political and economic relations with russia and quote what is that reason for such attention to relations with russia now well first of all ireland has always had very good relations with russia. at this time. first of all at the political level we want to deepen our bilateral relations and strengthen those there is an opportunity for us to do that now arvind will take on the chair of the organization for security cooperation in europe next year throughout twenty twelve and that is a regional security organization which stretches from vancouver to vladivostok and clearly russia is a major player in the whole framework so. this is an opportunity to have discussions at a political level with russian foreign minister lavrov in particular about those issues immediately after that are and will also take on the presidency of the

european union at the beginning all twenty thirteen so over the next two years or so our land will be very much at the center of european political and economic issues the only reason that we are the that i'm here is to obviously deepen our economic relations and i will be co-chairing with transport minister of the. meeting of the joint economic commission between our two countries and we hope to use that meeting to deepen trade and business relations between the two countries five or heard that your government is paying much attention to the return when you get from paying for your missions abroad on the very with that you said you're closing your embassy in vatican and maybe in some of the european countries what about the mission in moscow are you keeping it over very much keeping the mission in moscow and in fact we intend to strengthen our work in russia there is

a very high level of trade between our london and russia it's about two billion euros at the moment aryans merchandise trade with russia increased by about sixty percent last year and we see enormous potential for that to increase there are about two hundred irish companies who do business. here in russia one of the outcomes that i'm hoping for from these two days is to see an increase in that activity and the continuation of our embassy here in moscow and all of the work that irish agencies do here of russia's going to be very much part of this here off to a pretty rough third quarter of the exporters is that she asian has downgraded its two thousand level growth projection from seven to five percent do they seek some new markets here in russia do you do you are you thinking of selling some something

else what kind of products can the irish off well first of all i want to say that exports are in fact growing and increasing. arland exports but eighty percent of everything we produce all trade in exports is very much part of our growth strategy what is most interested in mainly well the areas stuff we see potential for growth here in moscow are for example in agriculture and technology art and design i recall of country and we've developed a lot of skills in the area of agriculture research and technology and we believe that that is an area which can grow here we also see huge potential in technology our land is very much a center european hope for internet activity no companies like google and facebook and twitter who are located in them so we see that as a barrier for growth education and education services these are areas that we see grow and of course in the whole area of alternative energy because again our land because of our maritime area is about ten times our orlando area big

potential for wind and wave energy and this is an area that we see great potential for growth in the patients are in big demand these days in the kremlin do you feel that yes innovation is. living. changing world. innovation certainly innovation and industry science technology this has to be at the heart of of industrial strategy of economic activity and our own prides itself on having a very strong university sector and a very strong linkage between business and our universities we work to build the synergies between the research activity that takes place in universities the innovation that takes place and industry and then the marketing of all of us through our trade strategy president has recently attended the g. twenty summit in france and speaking there he said i quote europe should achieve

economic reality russia is ready to help including through the. quote do you expect any help you can get from russia in overcoming the difficulty in financial difficulty well first of all of the military of helpless that we grow or grow our trade secondary of course and so i think that there has to be increased cooperation between the european union and russia i think this is something that's very important and has supported the idea that there should be increased cooperation between the european union and russia we operate in the same area i think that there are a huge advantage just to both russia and the european union for increased trade and i think that there's potential for that as russia will shortly i believe become a member of the world trade organization well let's talk more about finance which is a problem and it's a big problem for islands for as i understand her when she was forced to accept sixty seven point five billion bailout from the european union and the i.m.f.

last year last autumn actually then in may he. the european financial stability fund was created do you plan to use this european stability fund to to somehow reduce the coast cost of the other bailout well the first thing is that the programs that aren't. into with the i.m.f. and the european union and the european central bank we are working the program we're meeting all of the targets initially this year the first two quarters of this year arlen has returned to economic growth for the first time in three years so we are working our way out of the economic crisis number of decisions have been made at european union level this year and chilling the establishment of the. very simple mechanisms which are within that which we feel will work to our benefit and will work to reduce the overall level of debt that are in the states. the

crisis last year it was blamed on the irresponsible banks the competent economic governance this resulted on the record figures that the labor party got on the recent elections so much did your government improve the situation well what would you for example also to the left wing critics who accuse you of i quote slavishly submitting to their dicked at some of the financial markets and those faceless institutions that hold the lives of tens and hundreds of millions of europeans in their grip well this is this is what you're doing according to your critics no in fact what we're doing is we're working our way to recovery the first thing that the new government did was we took decisive steps to restructure and to recapitalize banks arland had been hit with a double whammy first of all the effects of the international recession and the collapse of lehman brothers in addition to a domestic crisis which was mainly property fuelled which was fueled by excessive

lending the new government has worked to deal with us restructure. our banks we've introduced a jobs initiative to encourage people back to work and to provide training for those who are out of work our economy has returned to groet. this year the country's reputation is greatly improved from the time the new government took over and i think there's a greater degree of confidence both in our land under brought about ireland's ability to pay its way and that is reflected in the markets that's reflected for example that the interest rate on irish has greatly reduced since the new government took over says of the deputy prime minister and the foreign minister who is on a visit to the spotlight will be back shortly after we take a break so stay with us don't go.

to them. for technological breakthroughs save human lives. on she goes to the sea. ways to protect. our farming pioneer place local cuisine to the highest pitch. for future developments depend on. russia's black sea coast close up on our t.v. . kick

. kick him. welcome back to spotlight. just a reminder my guest today on the show is the deputy prime minister and foreign minister of the republic of ireland. when the eurozone it was

seen as a guarantee for prosperity for economic prosperity for years to come well now after that year has experienced serious problems and is actually facing crisis what's your what's your opinion the year round the the irish. entry into the use and didn't do more good or more bad for the republic i believe it's really i think first of all you have to acknowledge that the economy grew very significantly during its period in the euro yes it is true that aren't experienced an economic setback about three years ago but we are know coming through and coming off that there are difficulties in the eurozone everybody knows us the european leadership is working to deal with those difficulties and i believe is dealing with those difficulties success successfully if you look at the number of decisions that

have been made here to support the euro and to support the euro soul the establishment of the european stabilization fund the european stability mechanism the change in the european treaties in order to. under various decisions that have been made to strengthen governance. the euro zone all of these i believe will over the course of time strengthen the euro i think there's one thing that people need to be clear about undoubtedly. that the leadership of european union countries will do whatever it takes in order to ensure that the euro is staples that it succeeds and that it continues so you are absolutely sure this is interesting you know as a prime minister deputy prime minister of ireland you're absolutely sure that the euro leaders who see they really care about what

happens in ireland what happens in greece what happens in portugal do you think they care about their countries or they care about their own prosperity well i think everybody's prosperity is fairly sure. you know we live in a world where the prosperity of one country depends on another where the difficulties that ensure difficulties banking difficulties one country impact on the banks of another country let's be clear about this the european union countries and the eurozone countries in particular have put their money where their month is they have a stop to the various forms which are necessary to support and to underpin the euro and have taken a succession of decisions which are aimed at securing the future of the euro the future of financial stability in europe and the future of the european economy oh yes of course there are there are difficulties and we've seen difficulties even in recent times and in some countries but there is a collective wail in europe to deal with those difficulties and to ensure that we

succeed so you are confident in the future of europe yes i am confident i mean europe europe is very strong very big markets in europe we're talking about five hundred million people there is a strong degree of cohesion across the twenty seven member states of the of the european union. there are there are measures that have to be taken there are decisions that have to be made there are reforms that are have to be pursued collectively in the european union and in individual member states as far as our lives is concerned we are take. those reform measures we are pressing ahead with the things that need to be done we are convinced we will be the first european country that will come out of this recession come out of the programs that we are in with the i.m.f. and the the. us as an individual country and europe as a whole will come out of this period. as i read the economic reports i get the

impression that you're oh this and have another choice has to compete with the dollar i mean they they have to challenge the dollar and this is the problem this is the way this is what causes the problems of europe and it's trying to compete with the dollar is that true well i think there are complex issues which are intertwined here i think that at the root of it although if you look at the european economy yes the reforms that have to be done yes there are decisions that have to be made in regard to fiscal governments and financial governance but there is also one in the society for the european economy to grow one to create jobs and this is the area where a country we have put our emphasis at our discussions with our european partners is the necessity to get jobs in europe to grow or economies to expand or trade and that ultimately it's back to one of the reasons why i'm here in moscow today because i want to see the opportunities for trade between russia and much more

greatly increased so that we can grow both economies to our mutual advantage do you think that the troubled economy to greece through so maybe some other countries that they may leave the euro zone is that an option i don't think so i think if you look at the way in which this whole crisis has been approached it has been approached on the basis that we are members of the euro on a collective basis where one country gets into difficulty there is a sense of solidarity from other member states we've seen that worked out over the . implications of that obviously and individual countries are different and they are difficult and i think we've seen that expressed particularly in greece in recent times but i'm confident that these problems can be overcome watching from the outside from moscow i you know impression that the european commission is weakening and that and that paris and berlin are becoming the decision makers in europe do you agree no i wouldn't agree with that i think the european commission

is very strong and many of the proposals if you look at the proposals which have been discussed at the missions of the european council by heads of states of government in the main have been proposals that have been prepared by the european commission the role of the european commission has changed following the adoption of the lisbon treaty and there is no new structure for meetings of station and government and of course there is a new office now. two new offices in fact the office first of all of the president of the european council and secondly the office of the high representative which deals with the foreign affairs side of the european union. czerny's many today are seen as a universal means of solving european financial problems many people in europe are not happy with that they don't want to too many chinese investors in europe what's the irish position it's well arnold welcomes from china and indeed we've had discussions with. the chinese leaders chinese businesspeople to

encourage investment in ireland to trade between art and china but i think we have to be clear about this there is no facing a single silver bullet that resolves the european financial crisis and that includes the idea that chinese money is some kind of a silver bullet that will result in financial difficulties in europe financial difficulties in europe the problems in the eurozone have to be resolved first of all by european leaders making the decisions that are necessary and i believe that that is happening but second. they also have to be resolved by the european economy which underpins. our financial system that by that economy strengthened by being reformed by growing by jobs being created. off showed the crisis of two thousand and eight the g twenty was considered to be to become the the main mechanism main instrument solving. the problem self-serving financial problem

solving management problems on the continent after the summit in france that that is just took place do you agree that this mission is being fulfilled by the g. twenty what i think i think it will be wrong to place to place a known jew emphasis on the g. twenty the g. twenty to really has a very critical a very important role to play in the overall management of the local economy but there are of course very many countries who are not a part of the of the g. twenty i think one of the lessons that is emerging from this period of economic turbulence is perhaps the necessity to look again at the international financial institutions and monetary institutions that are in place to look to see how they can be reformed and how a system of thought ensure a monetary regulation on a global wide basis can be put in place which provides for

a greater degree of stability i think the important thing is that we learn the lessons remember this is this has been a global financial crisis what happened on wall street what happened in many other financial centers reverberations will cross the world and i think we have to go back to. that happened because of the creation of new financial products which were not based on economic reality in many cases we saw a period of very large financial regulation i think we need to bear in the lessons that that kind of like financial regulation. very often ends up in crisis and the people who suffer as a result of that crisis are people who are at the end of the line who lose their jobs whose businesses fail we tell us allowed that to happen again and therefore i think that a global level we need to look at the international institutions that we have to ensure that there is better regulation and that there is some governance of the global economy have time for one final question good news

a reason to want to talk about this this irish vessel that was captured by the israelis and it was it was and as a bound well the opposition in your country it says that you should seek immediate release of the irish crew while the foreign ministry is you searched they are in moscow so what is your government doing to release the crew well first of all very pleased first of all but none of the crew were in any way harmed and that there was no violent incident surrounding the arrest of the citizens who were arrested on the vessel. or embassy in israel has been in touch with the fourteen people who were arrested and is working closely with them and i'm hopeful that they will in fact be released so they are ok they feel you they. are embassy officials were in touch with the business of the monday evening that they were brought into port visitor to make day in the following day range for legal representation for them

and has assured me that yes they are well they prefer not to be and arrested in detention but we're hoping that they will be released thank you thank you very much sir and just to remind you that my guest on the show today was a man who is the they're pretty prime minister and minister of foreign affairs of the republic of ireland spotlight will be back with a comment on what's going on in and outside russia and so then r.t. and take care thank you very much and i thank. more news today violence has once again flared up. these are the images cobalt has

been seeing from the streets of canada. trying to corporations are on the day.

be sure to tell if you go to. his room for to. slim photo of the old photo. to. post a photo. of the evergreen closer to. the. point. in time. will the photos agree how it.

is almost two decades long odyssey into the world trade organization is close to. over last hurdle. sealing a crucial agreement with georgia. borrowing costs hit a record high markets down and sparking fears that silvio berlusconi's promise resignation won't keep the euro zone's third largest economy from collapse. also western. sanctions against iran. on its alleged nuclear ambitions russia. close up team travels to the black sea coast to discover how the local products are being made and why getting them on to dinner tables.