could be formed to have a strong fiscal. coordination but also a better social policy that would sort of supporting dural only in my system it is that this europe will not be able to form such a political union there is too much heterogeneity the country is too different. countries are too attached to their own soften t. they have different styles they have a hard time working together on international issues think of iraq. and so it will be very hard to to have one address that foreigners can call have and emerge he is there. that they will speak with one voice that are willing to give up their very seats in the united nations and the i.m.f. and they will speak voice it is at the moment inconceivable. that britain will give up their rights but also france is not even thinking of giving that up.

germany will become too powerful there's simply too much that prevents europe from becoming one political union if you want a german chancellor i'm going merkel she said that political union is already taking shape is it though and what is she basic that statement on well from where we are we are making progress in the stand in the sense of suggestions of because these are suggestions or plans to have stricter rules and to enforce those rules and her view and in her reality that is working moving towards a political union but my critique is that what is lacking and what they're really needed for political union is also in sense of society i think is not example germany germany is a society how do we notice that germany is a society. the parts of germany form east german states.

that are a real dire financial economic situation much worse than than greece is right now do we notice anything about that in the rest of world. because west germans take it as as self as something self evident that they are to support the east german states those massive transfers of money going from west to east to maintain a sense of unity and a sense of stability and therefore a sense of society those conditions are not in place and not can be imagined to be in place in europe at large how realistic is this transfer significant transfer of powers to brussels spending powers taxing powers given that you have so many different countries there's resistance coming from different places how realistic is it that it will actually happen the pressure is huge and

the financial crisis is big and the euro threatens to fall then lots of things are possible and on politicians will agree on all kinds of things including transfer of power that was inconceivably before or is actually consume inconceivable right now because people don't want to transfer the power but when the crisis is really there then i see them cars being able to do such a thing but it won't result in others because it's it means that you put some kind of control in the hands of the few they're in brussel but they don't have to power to control the financial market they don't have the the financial power to deal with these kind of instabilities and they don't have the political influence to deal with all the different interests throughout europe it is sort of an and idea that i think that in the end to a backfire because if you make centralize this power too much.

then what we will see is is it means a lack of dynamics lack of the flexibility as we've seen already because takes forever to get these decisions and then take forever to get through all these different parliaments and it takes even longer then to implement that i mean that we talked about long lags. and so it just makes the politics too complex a greek government spokesman said quote unquote greece faces an exit from the europe bloc unless it clinches a deal on a second one hundred thirty billion bailout from its international lenders how much do you think they really believe in this threat is it something they really think is likely or are they using this rhetoric to gain support for pushing more sturdy measures i think that they use it now as an argument to enforce all kinds of cutbacks and to get popular consent which they need into in order to make the

policy effective i think that greece there is still an overall the zire to hold on to the euro and the reason is that the greeks are very suspicious of their government. there's so they desperately want to have european government involved in their country because they're sort of a countervailing power against their own politicians the same story applies to the italians. now the issue is whether this is going to work i don't think so i think the left right and center are preparing for. the fall out of greece for the greeks are forced to step out of the euro because this is a sustainable. level problem is going to need to tear you. economy is going to do worse which also makes it more difficult for me to quit ereal and so this is simply not a sustained just a sustainable situation the best spreadsheet is to do what iceland did from

argentina bit has done so many other people other countries have done before is allowed to have their own currency devalue it through to make their country much cheaper and used that as a sort of the beginning all the. efforts to organize commercial activity that the naval going to sell you have to sort of recover that and sort of and one way to do it is by lowering the price which you only can do with your of your own currency and to make it much cheaper if you don't do it the only alternative strategy is the very painful one is lowering salaries and wages and cutting back and that causes a huge depression in the economy and a real harsh way of making that adjustment well let's talk about politics now the two main cheerleaders pushing the euro forward of course and germany's angela merkel and french president nicolas sarkozy now there will be the french elections of two thousand and twelve that germany will have theirs and why thirteen what do

you expect to happen in these elections and how would it affect the european union and the euro zone would we see a change in government a change in rhetoric. that would eventually play out differently in the euro to hold on to the european union and especially to hold on to be euro. everyone has to make sacrifices and it's always possible if the european interest prevails over national interest and as a message message is very hard to sell to any direction time you see in election time the people usually withdraw behind back behind the border so to say and basically talk about national interests interests that are close to the people who are going to cause their fault. and it turns out this whole european story is a hard sell for politicians it's true in germany in france is also true in the netherlands

. and so politicians always have a difficulty of asserting this sort of common european interest. that is sure to costing. money so resources. will suffer until that also is again an illustration of a lack of political union lack of society that will become an issue and that the fate of european union is dependent upon local or national elections i'm not going to and that's of course crazy i mean you can of the magic that a country any country. that faith of any country is dependent upon the outcome of local confection elections that's unheard of and that's illustrates once again the the union in europe is not all that strong and is forced it exists among the sort of european establishments so if you walk around in brussels you feel like

you are you the european union is for real but as soon as you away from brussels and walk around in the country in the rest of europe you see the brussel is far away from from them. and is not a real reality that people really live with now when we talk to experts analysts and economists even if they are euro skeptics as the situation seems to have gotten so complicated that they would also mention concessions and they're saying that there are two choices now one is being forced into more europe more integration otherwise the alternative is a financial crisis are these the only two options left. i do think that if if you give up your up to your oath which i think you need to do we will face a so-called crisis or kinds of institutions will get into serious trouble banks will fail countries will look at the trouble unemployment go up we will see your

face a serious depression i think all that will materialize but what i also see is the possibility and that's what i would focus on of restructuring and rethinking the way be doing things rethink also the way we view the economy focus less on economic growth focus more on quality being more concerned this is staying ability and so if you ask me to for that i see action an opportunity arising if we give up on an ideal that i think is an old fashioned wall. and sort of people sells for the next stage now when we look at what politicians are doing right now it seems that they're walking on eggshells when it comes to dealing with financial markets and banks are careful not to rock the boat they're careful to instill confidence in the markets what role do you see the financial markets and banks playing in this current crisis lest we forget that they had also that just gone through two

thousand and eight financial crisis and they were painted in a negative light at that time well the terrible thing is that we see that one sector the financial sector is keeping the rest of the economy hostage including the politicians and then all the politicians are to scare it for these banks to fail it is is unfair it is unjust. and it's also dangerous for should say debility of our economies so that has to stop are you a climber thanks very much for your time. wealthy british style it's time to cut the fine.

market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into kinds a report on our. line. would be soon which brightened if you need monsoon from funds to impressions. please for instance on t.v. dot com. admission and free cretaceous three in-store charges free. range mentioned free risk free. to tide free. dumb old free blogs just plug in video for your media

projects a free media oh god our teton tom. party's top stories boiled prices jump again as the e.u. says it will decide by the end of the month whether to ban iranian crude imports concern is also mounting over how the measures might ricker say on the west suffering economies. syria accuses the us of interfering already arab league observers that's designed to end violence in the country but after washington said the massacre is not. implying with the arab peace plan about it sending an envoy for talks with the league. and greece warns it will destroy the euro differed fails to secure a second multibillion dollar international bow out the government says talks with foreign monitors over the next few weeks will also decide if the debt riddled country escapes the disasters to faults. or is next year an artsy with andrew for.

hello there welcome to the sport and these are the headlines don't panic manchester united boss sir alex ferguson says the league title is still up for grabs despite a shock three new loss to newcastle. plus playing again sandman to strike at who has his fifteen gangbang become a real lifted by the country's prime minister. for the next in the n.b.a. is the new jersey side slumped to their sixth defeat in a ride at the hands of boston. but first manchester united manager sir alex ferguson says there is no need to panic after his side's surprise three nil defeat to newcastle a result which leaves the red devils three points behind leaders manchester city in the title right stemberg put their magpies ahead with his fifteenth goal of the

season last night and that was followed by a strike from your hunk of it for a late goal from phil jones gave the home side the wind and united a second consecutive defeat but afterwards said his team had the experience to cope with the setback and we're still in the hunt for the club's twentieth league title in the other game bolton moved off the bottom of the table after covering from a goal down to win two one having seen goalkeeper tim howard schooled the first with free long clearance for david in goal gary cahill got the other side this is how it affects the table united missing the chance to go level on points in the city new castle stay seven but are now just a point behind liverpool while at the other end bolton move off the bottom and are a point from safety but it is very congested down there blackburn prop up the table under just behind wigan with any three points separating the forty five.

striker samuel eto looks set to play for cameroon again after his country's prime minister helped lift his fifteen gang ban. cameron's football federation imposed the sanctions on you after claims incited teammates to boycott a friendly with algeria in november after disagreements over pay but prime minister paul buyer a friend of etsy has now stepped in and the ban has been lifted even though i could see cameroon reprimanded by fee for the so called political interference however whatever happens at the won't be at this month's african cup of nations after his country failed to qualify. well over the last couple of years the russian premier league has attracted a growing number of foreign plays apart from f.c. there's also a spot at moscow's aiden mcgeady he settled into a new way of life since his me from scotland and as part of our look back at twenty eleven here's how he was coping at the start of the season you've been in russia just about a year now believe the start of august you came last last year how has your russian

experience being so for over always been a group of joy. of enjoy the shore but before we avoid for your. picture but doing your to. enjoy this will fall over should be always the. reason we were. and what she always said the difficult part is so i'm figuring a way for here in the language but i'm getting slightly better about that so that's going to say are you taking lessons oh i had one wish and couple days ago enough that my brain is frozen what i want on the half but i was just as good because i'm a mother and every single day what's your typical day here at fort acma school quesada as you may think the bonus is you come in for ten o'clock in the morning normally and then you see the doctor you get with can you fix all these boxes in her your shoe and i while using her body is actually irrelevant and. after that you know your state based or so human you can call. us so it was

a good life obviously do you believe a teen can finally fulfill what they've been trying to do for years now and win a championship going to start the season that was of the ones in. you know that the baby started to pop the chairmanship was really really probe i mean it was to see a movie could go not on and of on be in games you know the spot which i'm sure up to christmas and then be certain you know second top or second place princess and since i think it's over so it's a very very young squad we have. you know often over all of we have the proof that the just the put it like this you could have really gone to your pick of clubs why did you choose russia in the first place for me it was the chance to go. to complain about. troy took it over to the tom bowman to say no of the show to show you because i think it was time for me to to so i move on it was best for everyone but do you miss the old firm you are the thrill of the the huge game in glasgow of

course some things are a must the game you know when i see on t.v. and i want to call me you know you're the best thing in football or thought to know for me it was probably you know a sunny afternoon at parkhead saw that often a pocket. you know it doesn't get much better now but i just finally in on a lighter note is there anything you miss the bites about scotland and home you know they're the deep fried mars bars are they i am very deep fried or state of table as of the branch other big five miles well if of course as well as those home comforts you must share just. i think the main thing that it must is has been a we just are not going this year period show friends but. that's always a part of life. russian or russian ships of the. border which are over here and the russian receivers are great for me thanks so much for your time i'm pretty sure that for sure or at your spot i say mcgeady settling in in moscow now and tennis defending champion roger federer has become the latest top seed to advance

into the quarter finals of the season opening event in cattle the world number three had knocked out russia's new genco in the first round and face levine in qualifying good eggers emea the swiss master rarely ever troubled by his lesser known opponent is federer dominated left right and center to win in an hour flat sixty six agree the final score and that is set of italy to try and put an end to federer's nineteen match winning streak in the quarter finals. also through to the last eight is top seed rafael nadal the spaniard shrugging off his somewhat slow start of the torments of blitz german paula denis premo my saved so great pointy faced on route to an easy sixty sixty when standing in the way next his russian seventy eight got past the part of the it. while it was a hard day's work and a half or two frenchmen joe were free to tsonga and gael mon face number three seed to tsonga was up against israelis flavia bowler and salvaged

a couple of set points in the first set before taking it on a closely contested tiebreaker to keep the pressure on the song early in the second set but the world number six held firm courtesy of powerful forehands and killed off a match with any smash say six seven six six three the way it finished up next is our bad m.r.c. who received the walk over the rushes that. retired. well known feast to be seated fourth in cat are needed almost two and a half hours to outmuscle germany's benjamin becker back a ridge rank downside the top three hundred in the world that stretch mon face to the. image in this group will encounter the german battling back from a set down to force a decider which eventually lost seven five month lease in place of the detroit city in the quarter finals. i possible now more measuring has been taped on the russian owned new jersey nets in the n.b.a.

they skated to their sixth consecutive defeat in seven games so far this season it was a close first half at the boston celtics t.d. garden stadium for visiting nets taking a one point lead before the big intermission rookie marshall brooks once again a go to man as important eighteen high seventeen points but the home side pulled off a sterling third quarter scoring twenty nine for new jersey could only manage twelve paul pierce inflicting the biggest damage and was finished with again leading twenty four as the celtics held on to an eighty nine points to seventeen victory their fourth in a row after losing the three matches of the season. another news british cyclist mark cavendish believes he can succeed at both this year's tour de france and the lympics which will be held just six days later the reigning world road race champion was enjoying a photo shoot with his new team sky they've just named their twenty three man squad

for the twenty twelve season also when it is that other star either bradley wiggins who is sitting on the right there cavendish won the sprinters green jersey at last year's tour de france and hopes to repay that success but also things he'll have something left in the tank for the lympics road race in london which is being held less than a week after the tories ended. its physically possible why there will be you know were printed bigger it's going to be told it's going to take some real structured training some real structured record everything is going after work perfect. for its physical bottom of what i tend to do and finally there is a for. face back at the top of the standings in the dhaka rally nine time when esther perel hand still has reclaimed the overall lead after the fourth day of the two week race in south america the frenchman clocking the fastest time from san juan to go and put our hands on our lead his nearest rival. by almost six minutes

the south african was third fastest during stage four while on the bikes spain's defending champion mark o'meara gained some ground on the overall leader cereal display of france coma led the way finishing just over two minutes ahead of death rate but still trails by over eight minutes in the general classification while a crash involving brazilian kleinman. dented his title hopes. so that brings us to the end of the sport for the moment we've got the weather coming up next here an arctic. well. sundance technology innovation all the latest developments from

around russia we've got the future covered. would be soo much brighter if you knew about sound from phones to impressions. means for instance on t.v. don't come.

the official. called touch from the. video. an omission st now in the palm of your.

oil prices jump again as the e.u. moves closer to an iran oil embargo amid mounting concern over how the measures might ricochet. thousands remain behind bars in libya also a family to switch sides of the supposedly right time as the transition to democracy reveals a violent infighting among the former rabble. plus the increasing number of german voters found out with cast crises and controversy for now pinning their colors in the mouth of the new pirate party.

is three pm here in moscow this is artsy coming to you live on news now with our top story this hour the says it's ready to ban imports of a rainy and crude and will consider whether to do so by the end of the month while prices are already witnessing another spike in response to the latest heated exchange between iran and the u.s. over a key trade route in the persian gulf it comes after iran threatened to block the trade channel out to new u.s. sanctions had its exports the latest signed by president obama on monday so iran's currency. the risk commentator on middle east affairs. thinks the sanctions will soon backfire on the west. the oil prices now have increased this comes at a time where both europe and the year worse are witnessing a very very dire economic situation economic problems both in the us and europe and this latest step taken against iran will only of course said the president for increasing economic problems for the west enjoy.