nation but also 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 gin eighty countries two different. countries are too attached to their own so often 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 emerged she 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 i was 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 for me east german states. that are

a real dire financial economic situation much worse than than greece is right now do you notice anything about that in the rest of the world now because west germans take it as as self as something self evident that they are to support the east german states there's 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 and 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 there 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 it 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 talk about the long lags. and so it just makes the politics too complex the 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 that 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 is still in overall the zire to hold on to the

euro and the reason is that the greeks are very suspicious of their government's. there's so they desperately want to have european governments involved in their country because they're sort of a countervailing power against their own politicians the same story applies to the italians. and 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 keep the area. economies going to do worse which also makes it more difficult for me to get ereal and so it 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 for to make their country much cheaper and use that as a sort of the beginning all the. efforts to organize commercial activity that the neighbors down 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 the 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 cost 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 the sort of common european interest. that is sure to costing. money vehicles or 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 at 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 cannot imagine that a country any country. that faith or of any country is dependent upon the outcome of local quebec elections that's unheard of and that's illustrates once again the the union in europe is not all that strong and is forced to exist among the sort of european establishment so if you walk around 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 it's not real reality that people really live with now when we talk to experts analysts and economists even if they are euro skeptics is 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 euro 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 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 as we have 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 are 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 play in this current crisis lest we forget that they had also that just gone through to 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's for these banks to fail it is is unfair it is unjust. and it's also dangerous for should say debility of all week on a means so that has to stop are you a climber thanks very much for your time. i had a family i lived in a nice community wasn't rich it was an upscale it was just like you know our society ok then they started showing up here what happened was my company decided i could get cheap labor and they got rid of. negroes

illegally legally we have to get up every morning we have to go to work and you know we have to pay our bills and we have to do it and that's just the american dream and if you want the american dream you have to go by the law so i figure this here's one of the trails into the united states. i watch and they run run down my property and something about this noise. all this illegal. orders from the wire is protecting the country i'm the kind of guy who doesn't mindedness pay and sturdy so i come out here you know we're all immigrants as well that we all came from somewhere else. the mission free cretaceous free in-store charge is free from richmond three. three stooges free.

old free broadcast quality video for your media projects and free media. parties top stories on oil prices that record highs as the e.u. says an embargo on a rainy and crude may come by the end of the month despite fears over its impact on the global economy. syrian authorities announced they've freed over five hundred fifty political prisoners that have withdrawn security forces from presidential areas as part of the arab peace plan. is this an activist continue to claim the regime concessions are a sham. greece thread through a bad europe single currency unless it's guaranteed a new multi-billion euro bailout the announcement sparked a massive selloff on international markets with nervous investors tending to euro to record lows. up next the latest from the world of sport andrew farmer is here on

our city. 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 sam and you strike at two houses fifteen gangbang become really lifted by the country's prime minister. nightmare for the nets in the n.b.a. is the new jersey side slumped to their sixth defeat in arrive 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 race stemberg put their magpies ahead with his fifteenth goal of the

season last night and that was followed by a strike from your home comes by for a late own 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 off recovering from a goal down to win two one having seen goalkeeper tim howard schools 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 bottom. 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 as he 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 air too there's also a spot at moscow's aiden mcgeady he settled into a new way of life since his move 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 is your russian experience being so for over always been

a group of joy. of enjoyed the sort of weird way for your. picture but doing your. job enjoy this will fall over should be the main thing the. reason we were. and what she always said that the difficult part is so i'm to get into a way for here in the language what i'm getting slightly better about as well not so that's going to say are you taking lessons oh i had one wish and couple days ago enough that my but in this for us of 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 spartak moscow quesadillas you went into bonuses you come in for ten o'clock in the morning normally and then you see the doctor you get waiting for called the support she's in her you're here and i while using her body is actually irrelevant and. after that you know you're told to stay at the base or say you know you can call. us so it was a good life obviously do you believe a team can finally fulfil what they've been trying to do for years now and win the

championship going to start the season that was of your one seemed. you know that the baby started the spot the chairmanship was really probe i mean who's to say no because going out on and of unbeaten games you know of a spot which i'm sure up to class means and then be certain you know second top or second place is getting away with princess and still think it's over so it's a very very young squad we have. you know often over all of we have the pull of the just the put into practice 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 a bit of a. ploy to get an opportunity to tombo them to say no or space or to show you because i think it was time for me to to so i move on what is best for everyone but do you miss the old firm you are the thrill of the the huge game in glasgow of course some themes are a must the game you know what i see on t.v.

and i want to call me you know you the best thing in football. for no for me it was probably you know a sunny afternoon at parkhead saw the afternoon pocket. and it doesn't get much better now but i just finally. on a lighter note is there anything you missed 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. i think the main thing that you'd nice is has been a we just are not going this year period show friends but that's that's always a part of life. 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 katter the world number

three had knocked out russia's nick ivory genco in the first round and face levine in qualifying good agassi emea the swiss master rarely ever troubled by his lesser known opponent is better a dominated left right and center to win in an hour flat sixty six agree the final score and that is said to be italy's trying to put an end to veterans 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 torment to blitz german polish fire denis premo my down saving so great pointy faced on route to an easy sixty sixty when standing in the way next is russian seventy because it got past the heart of the it. while it was a hard day's work in doha for two frenchmen joe were free to stronger 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 tie break to paula keeping 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 within the smash save six seven six six three the way it finished and up next is our bad who received the oct after russia's alex but a lot of retired. well known feast be seated fourth in cat are needed almost two and a half hours to outmuscle germany's benjamin becker becky ridge rank that side the top three hundred in the world that stretch mon face to the. we meet in this group meeting encounter the german battling back from a set down to force the decider which eventually lost seventy 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 may 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 we finish with a gang 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. in other 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 of

a 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 tours ended. it's physically possible there was there will be room you know or permit figure 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 attempt to do and finally there is a for. face back at the top of the standings in the dhaka rally nine time when the 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 two g. though and put a hands on his nearest rival. by almost six minutes in south africa and was third fastest during stage four while on the bikes spain's defending champion marco might

gain some ground on the overall leader serial display of france coma led the way finishing just over two minutes ahead of desperate still trials 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 and i'll take.

more news today violence is once again flared up. these are the images. from the streets of canada. giant corporations rule the day.

well see british sunny. spot on the. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports

. prices that record highs as the years as an embargo on a rainy and crude may calm by the end of the month that despite fears are worth in profit on the global economy. libya's n.t.s.c. leader admits the country could be on the brink of civil war and calls for an immediate crackdown on armed militias that's as thousands remain behind bars over their previous political allegiance. but sailing on a time of disillusionment german voters weary of stale politics get on board a new idea the pirate party.

it's five pm here in moscow this is coming to you live now with our top story this hour and oil prices are spiking as the e.u. says it agreed in principle to ban imports over brainy and crude the sanctions could come into a fact by the end of january unless the wrong box down on its alleged nuclear weapons program. well tehran has responded to the sanctions with threats to block oil oil trade through the crucial strait of hormuz leading to a continued telarc in the persian gulf american warships are also present in the region with a mission to prevent any hindrances of passage political analyst christophe course still thinks the e.u. is paving the way for war against iran with the help of the u.n. nuclear watchdog and a biased media. on paper so to say they're not moving the troops but this is going to happen and washington as we know is constantly every day wargaming the whole globe so for them the.