well look if. it's technology innovation all the latest developments from around russia we've got the future covered. you won't. by any objective measure the euro is a failure. taking the highway to the danger zone the euro crisis is flying into trouble even spiraling out of control and now european leaders are meeting with the mavericks in d.c. trying to piece together a solution but is this effort too little too late. we're going to go to the will to come zone here so we would be a lot of people nobody would vote and then they would know that these votes in this election is not correct it's wrong to vote or not to vote for many in egypt it isn't a question protesters say the vote is already rigged and that the military is trying to implement a new puppet government so as the crackdown in cairo continues will anything really

change after the ballots are counted. and first it was egypt then libya the path toward revolution is not as smooth a road as many expected in fact it's downright rugged so as the arab spring last throughout the winter and blood once again stains tucker square who is really benefiting from all this unrest and could syria be the next. it's monday november twenty eighth five pm in washington d.c. i'm christine for you watching our team was begin this evening with the crisis in the euro zone president obama met today with members of the european union here in washington d.c. meeting comes at a time in which many see the eurozone as being on life support after economic collapse seems to be spreading and we've already seen greece portugal and ireland

bailed out on the other the euro zone's third and fourth largest economies italy and spain are also under threat today's meeting is seen by some as a last ditch attempt to save the euro zone but even some top experts predicting the euro zone. has just ten days left to live if a major solution is not found by its next meeting on december next certainly whatever happens could have a global impact world leaders are concerned they're worried some even pointing fingers here's nigel farage co-president for the europe of freedom and democracy group expressing his anger at the situation. you won't. object to measure the euro is it for you who is actually responsible who can shone out of you lot of those who don't or is not of you because most of you have been elected none of you actually have any democratic legitimacy for the role that you currently hold within this crisis all right now nigel farage has doubted the eurozone from the beginning but his view is one that even some original believers are starting to

adopt that the eurozone may be a failure it is a question on the minds of many including our own laura lister host of the capital account here on r.t. and lauren is here in studio to talk more about this let's talk about this notion first of all that this that the eurozone could have literally ten days left to live yeah i mean it's interesting because it's something that we've had guests on our show on capital account talking about but now you're seeing it from people you know technocrats like tali who used to be the head of the bank for reconstruction in europe and he's saying that essentially there's a fifty fifty chance of the euro surviving by christmas until christmas that is all the euro has to survive unless european leaders get together you know you have more and more people making these predictions it would be considered insiders that would be considered technocrats that would be considered this down bushman is not a friend point of view anymore i was just about to say i think that's a really good point i mean it was weeks and months ago sort of what the outsiders would say but you saw it on the cover story of the economist magazine this week you

saw it in the financial times today this prediction that december ninth the next meeting for the euro zone could be the last unless there's some sort of major solution what are the solutions that people are talking about that could be big enough and bold enough to save the euro zone well there are so many different solutions that we've heard and as a guest i just spoke to edward harrison who's a great analyst was saying he thinks that everybody is just throwing stuff on the walls to see kind of what sticks and one example of this could be the rumor that the i.m.f. is going to bail out italy or that italy asked for a bailout for the i.m.f. now the i.m.f. denied this that they were going to bail out. only to the tune of six hundred billion euro sorry the other guards are going to billion or a billion euro but essentially the idea is that they're throwing it out to see if that would stick to see what the reaction was one of the kind of analyses about the meeting today at the white house is to see what the white house will get behind what they get behind that analysts i've spoken to say they don't think the white house would be behind an i.m.f. bailout now you have christine legarde though on the other hand in latin america

going trying to sell support for helping the eurozone debt crisis so that could be one idea that is kind of being thrown around to see if that will stick then there are others that euro bonds some say that the e.c.b. is going to have to print money that that's there's no way of avoiding that if they euro zone is going to stick together there are those that say they need more europe there are those that say that we need less let's talk about through those points you made first of all christine legarde it's so interesting touring around latin america the i.m.f. of course just feared and you know in latin america because it used to be when the i.m.f. came to town trouble was ahead would be called force a d.c. christine legarde in peru getting ready to talk to countries like brazil it is such a role reversal and so interesting. but what about this notion that you talk about the euro bond as a proposed solution this is something that the german chancellor angela merkel says no way no how no time germany pretty powerful they also have a decent economy relatively speaking oh yeah i mean germany is as core to the euro

zone as it gets and they've been very much opposed to euro bonds but then there are ideas being tossed around that they would maybe entertain that under a situation of more fiscal unity moving more toward some kind of a united states of europe where the large economies did have more control over the budgets of the smaller economies and the embattled nation so i think that it remains to be seen whether any of these will actually come to fruition but of course that's one of the main selling points of an i.m.f. bailout for european leaders for countries like germany which are pro austerity they don't want to put a bunch of money. they that would be a way to bailout the eurozone without looking like it's printing money and without it coming from countries like germany or appearing to yes certainly they don't want to see themselves as siding with it but they also seems germany could be worried about some of the effects of what happens if that solution is chosen i want to ask you learned it seems to me there are so many similarities in what we saw in this country in the u.s. the notion of too big to fail these banks being bailed out are these countries. is

just going to bailout after bailout i mean are they too big to fail or could we see a bigger problem here well you know it's funny because you have slogans applied to these countries that include too big to fail and too big to bail both applied to the same countries so i mean a country like italy is considered both you know it's to many would consider that too big to fail but at the same time as you've seen the i.m.f. says we're not going to bail it out the u.s. doesn't have the political will for that it's a very large amount of money and no one's really coughing it up so you kind of have both but a country like italy unlike greece is a much larger economy it would take a much larger toll when you're looking at a country like spain same thing you also have to consider the impact on the banking system more broadly you know u.s. banks have written a lot of c.d.'s and have exposure to a lot of these larger countries as well so it's a much very multifaceted problem and definitely with these larger countries you do have a scenario where they are too big to fail arguably but also might be too big to bail

out i want to talk to you about what happened what's going on right now here in washington president obama meeting with. members leaders with the e.u. talking about this i know this is a this wasn't a meeting that was called randomly this is a meeting that happens every year i think you went to the one last year in lisbon but what are some of the things that president obama that's even in the power of this country to do what is in the best interest of the united states to suggest well that is a very good question christine i don't know if i've you know the most. person to know the answer to that but i'm so glad i do it now so i had no course i mean the reality is that judging by the press release it doesn't look like anything you know monumental came out of this meeting it is planned every year but according to analysts i spoke spoken to of course this is an emergency meeting you know it's been it's seen as from the people i've spoken to as european leaders coming here to get you know to figure out what the u.s. would or would not support or would be onboard for of course the united states

cares as i said the banks have huge exposure there are many that argue that officials do the bidding of the banks in this whole area era of too big to fail and you know socializing the risks of banks and the losses of banks so of course there's that best interest also in the u.s. have the closest relationship economically in the world you know the top trading partners together and so there's a lot at stake for both parties but as far as the u.s. is saying they're not going to do anything but you know of course there are means to be seen what is going to happen just real quickly and i want to talk to you a you've spoken to a lot of guests about this you've done a lot of research about you know timing timing is everything and it seems to me that nothing really happens in tel a major crisis is that you know the forefront of what's right and i mean it seems like to an extent that they've been dealing with the crisis in the euro zone for weeks and months and even years but to be at this point where we are now where people as you say regular people not french people are saying it could be on its

last legs i mean is that just the kick that they needed this you know crisis at the deadline kind of thing that is the argument and that's also the argument that people make what's behind these bold predictions that yes things are dire but also that this is what might get leaders to act or might get the public on board to support the moves that leaders want to make to act so i mean it's kind of both you don't really know you know really know what it is but it does have this sense that there is a lot more at stake and a lot more impending doom if you will such an important story it's funny we talk about sort of the politics of other countries the revolutions we're seeing in the streets it's also sort of many revolutions or big things happening in the financial system that's connecting all of these co absolutely so interesting lauren lyster host of the capital account thanks for weighing in the perspective there. well still ahead on r.t. chaos in cairo i think you can pay for over problems in egypt even if the paper is a voting ballot so those protesters call for a boycott from an election they say is rigged what will it take to bring this

country out of oil. traders to believe the reffing of. what is the test nobody seems to know. that never a pepper sprayed the face of the argument that they're being overly dramatic.

both the capital and now the bible or in mr. and egypt today the beginning of a new era in which many egyptians are voting for the first time in their lives now this is simply step one in a very long process that will not be ramped up at least until march of next year now this election follows a week of violent protests more than forty people killed in these protests against

the military regime there and raise it with that many questions about what has changed in egypt since february and what a future egypt will look like are to correspond and he said now is in cairo and brings us a look at how things are shaping up on the ground there. there's certainly tremendous excitement here in egypt as people go to the polls since the first time since the fall of hosni mubarak some of them voting for the first time in their lives with that said there are serious concerns over the legitimacy of this vote firstly of course because of the security situation in light of that violence the clampdown in clashes that we saw just ahead of this vote and also because an announcement from the military had that the actual parliament will have limited powers and they won't actually be able to just solve any kind of cabinet with that said the muslim brotherhood is expected to make major gains in this part of the mentoring vote like you said it's only the first round but i want to get some more analysis and joining me now is akhmed founds the political analyst here in cairo thanks for being with

us thank you i first want to talk about the muslim brotherhood it seems at least the people we've spoken to they're very popular here there has to be said in some countries around the world they're considered to be affiliated with terrorists why do reduces like them so much why are they so popular ok there are among many reasons you can talk about many maybe for reasons first here we're talking about a religious group and we all know that religious religion in this part of the world and specially in egypt makes a lot to the egyptians second we're talking about an organization that has been in on earth for eighty three years since one nine hundred twenty eight and has been standing at that from several governments starting from the kingdom of egypt until now. you have to look about the members of this organization with the amount of dedication they give. to that group and by the education i mean that they donate

a lot of money and a lot of time to their cause to fourth i believe is the amount of charity and development work that the muslim brotherhood does especially in the rural areas of egypt but let's go back to the the revolution talk here the people it was all. about being on the streets and fighting for the future of egypt as i understand the muslim brotherhood was the party that took the least steps let's say on the streets they weren't really out on the streets with the people these last couple of months . you could say so because we haven't seen them joining in some major strikes in in egypt. and yes they haven't been there and if you are talking about this affecting their popularity i would say. yes but when it comes to voting power i think it's a bit different maybe the last you can say they lost the respect of a lot of the revolution. and what about claims that the muslim brotherhood has

a very tight relationship with scout which of course is the supreme council of the armed forces who is in control of the party and a lot of people say really taking care of these elections making sure they go fairly and then if there's no fraud per se what i would say that there is a relation but i would say from my point of view that the two muslim brotherhood fears the scaf more than. it's the other way or so because their history with the with the army starting nine hundred fifty four when they clash with the army they were dismissed as a group and they were sent to jail almost all of the members of but by that time so they are free to to repeat what has been going on and i think this they. what they provided to the military is that they want to cause a lot of problems on the ground so that's maybe the reason they haven't joined unless things the thing strikes that. was talking about things that affects them direct right thank you very much for joining us here live in cairo on this first

day of the first round of the parliamentary elections on tuesday voting will continue so far it looks like turnout has been very successful a lot of people excited but still doubting like i said the legitimacy of the vote. that was our to correspondent and he said now way. going to take a short break but coming up first egypt then libya is syria the next to catch the arab spring fever and in this game of revolution who are the real winners and losers. what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who can you trust no one. is you know maybe you know with the global machinery see where we had a state controlled capitalism is called fascism when nobody dares to ask we do our t. question more. into the only military mechanisms to do the

work to bring justice or accountability. i have every right to know what my government's doing you want to know why i pay taxes. i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you don't know i'm sorry welcome to the big picture.

let's not forget that we had an apartheid regime brightly. i think it's beautiful and well. we. never got that says they're going to say get ready because freedom. welcome back now let's talk about the arab spring and what has in many ways become the arab winter there are connections to be made with what is happening in egypt and libya in syria the domino effect of revolution i guess you could call it and but despite promises of democracy and change things don't always go according to plan are to correspond i got a teacher contacts

a deeper look into this. violence and chaos on the streets of cairo for. the dust of egypt's february revolution is far from settled. people say their hopes and calls for change have been trampled upon this month you can it's about the dignity of the egyptian people we don't want any more humiliation almost a year after mubarak's fall are your square is again stained with blood. here's another revolution seen libya the ousted leader moammar gadhafi was killed last month the people of libya are now left with a country in ruins and the government they did not true i think there is a reign of terror going on against those who disagree with the libyan government it's not presented that way in the western media but it is a reign of terror if you speak up right now against the the new authorities in

libya you're likely to go to jail or be executed or disappear in the meantime libya's interim government brought to power by nato is strengthening its grip on the country nato and some arab states now openly call for regime change in syria the louder they call the more violent the opposition becomes. and is up in the states western countries in the capitals of some countries in the region are openly recommending opposition to not hold talks with the assad regime and looks like political for the cation on an international scale civil war is brewing in syria the whole region seems to be plunging deeper into a crisis. while people suffer in the continuing wave of violence in the middle east and north africa some analysts say certain powers might be interested in keeping the trouble boiling there are certain powerful interests outside of the middle east who wants to bring chaos is a rolling scenario discontent and chaos in order that it long term will be

militarized directly by nato and that the oil. sources of the oil rich countries by and large can be directly put under private hands it looks like the so-called transition to democracy in the wake of the arab spring is not going to well more blood is being shed we're looking at an arab winter and maybe a new where spring around the corner as tensions rise and certain global powers are pushing for regime change in more countries of the region the wave of revolutions could turn into a notion of chaos i'm going to check out reporting from washington our team all right so what are some of the after effects of this hosni mubarak to step down colonel moammar gadhafi is dead there's talk of will only be a matter of days for syrian president bashar al assad to stay in power but what does this achieved or does it leave the people who saw their families and their cities ripped apart well i spoke earlier to asia times correspondent pepe escobar and i asked him about the winners and losers about who has benefited the most from

the arab spring take a listen. let's go bit by bit egypt a military dictatorship is in place so the military benefit they control forty percent of the egyptian economy israel benefits because for the moment they said they're not going to renegotiate the camp david nine hundred seventy nine accords the west more or less benefits because they can sort of trust the military but they cannot trust the muslim brotherhood or the revolutionaries for that matter libya whole benefits the u.s. pentagon africa on nato and specially to french and the british was going to have the best contracts in fact in the end of the business in the water business as well saudi arabia and qatar as well qatar because qatar now is a close part there of nato and the house of saudi because they got rid of gadhafi they had a beef with got after forty years says up syria is the really complicated story in all this because if there was some sort of civil war in syria which is what nato

respects and known for that matter because they know they won't get the u.n. security council resolution because russia and china already said it many times explicitly this is their red line and when bashar al assad says that syria's the red line as much as we don't agree with a police state in syria he is correct because the reverberations in lebanon in turkey iran s finest pakistan in afghanistan will be over rend us if there is an intervention so now libya two point zero is syria but it's a modified system. there won't be a direct intervention by nato but they are arming the syrian national council and the free syrian army via lebanon and via turkey and this has been confirmed by everybody including. make an admission in paris which is the best informed

french daily that weekly newspaper it's a satirical paper and the turkish press everybody knows that this rule army is being armed by nato by qatar and by saudi outside of syria's borders but the most important point in my opinion now is the role of turkey because starcade they had a policy that they call zero problems with their neighbors that was stablish by their prime minister and now they're creating a problem with syria an effect they had an alliance it was still around that moscow's ankara and now this completely disappeared and al they are advocating destabilizing the mosques and they know the problems will be enormous including for themselves the turks why why why would turkey do that what what what interests when they have in front of this mantling that relationship that they've had with area

well christina we need ours to try to explain that let's try to give the hollywood version right. they are realigning themselves with nato jemera gus put some pressure over turkey since that famous vote that they had with brazil when they tried to organize the iranian nuclear enrichment last year and this was it vetoed by the u.s. since then and since the arab spring turkey wants to be the role model for the arab spring so they're trying to sell the a keep the model we are a moderate islamist party in power and the army is in the background but the. still more or less a secular society and a relatively democratic they're trying to sell this to everybody in libya but in syria they're trying to sell it via a blatant intervention so we wonder what what is going through the mind of the mill and prime minister erdogan at the moment i think they lost the plot completely and let's talk

a little more broadly about this and what about this notion that there are certain interests powerful interests outside of the middle east that want to this chaos that we've been seeing and that even if this in keeping the chaos so that nato has to come and militarized the region and in turn of course take over the control of oil resources what about that theory it's not only oil christine it's in terms of controlling parts of the global economy there are not integrated told to leave the global economy like parts of lebanon and especially syria and specially iran so it's breaking the alliance between the mosque hizbollah and iran it's a few traits in syria which is a key part of the neal conan idea of going out domino each at a time and then break them all down and real men go to tehran still applies and of course oil because there's a started there hasn't been reported that because there's

a syria and iraq are involved in the pipeline as well with the participation of iran so always the oil majors in the west they want to be part of this business as well but most importantly is the expression of nato nato wants to control them of the to raney and syria is a big big problem there is a russian naval base at tartus sport made to once to get rid of this russian base by all means and the iranian navy they have docking rights at darts and says well so the eastern mediterranean is not part of the meat's only so they want to do every seeing in their power to control the whole of them a deterrent and of course this is part of how to cultural spring. which is not spring anymore effect there so maybe different arab drinks we should be analyzing all day because they're becoming winter little by little and that's when it comes to very nefarious influence of the house of cells which is behind every sing that

is said to me from egypt they're supporting the military with four billion dollars so far and probably maybe more libya where they're supporting the al qaeda types war part of the power in tripoli and this free syrian army which is being supported by the south as well to destabilize another hour but republic certainly very interesting when you look at the similarities the connections and even what we just saw in egypt how so much of what we're seeing today looks a lot like what we saw nearly a year ago as a times correspondent had to ask of our thanks for your insight thank you steve and that is going to do it for now but for more on the stories we covered that r.t. dot com slash usa you should also definitely a lot on to our you tube page the address is youtube dot com slash r t america we post all of our stories and interviews there you can also follow me on twitter at christine for the i want to show it's coming up in just a half hour and i'll be back here with more news at seven o'clock.