political union could be formed to have a strong fiscal. coordination but also a better social policy that would sort of supporting the euro only in my system it is that this europe will not be able to form such a political union there is too much heterogeneity to countries to different. countries or to attach 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 that 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. there are 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 the world. 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 i'm 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 brussels but they don't have the 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 for ever 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 the 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 governments do 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 you telling us. 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 and the greeks are forced to step out of the euro because this isn't sustainable. their own problem is going to need to tyria. economy is going to do worse which also makes it more difficult for me to prettier and so it is simply not to sustain a sustainable situation the best spreadsheet is to do what iceland did from

argentina to has gone and so many other people other countries have done before is allowed to have their own currency the value it for to make their country much cheaper used that as a service to 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 as 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 in germany's angela merkel and french president nicolas sarkozy now there will be the french elections in two

thousand and twelve that germany will have theirs and one 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 the euro. everyone has to make sacrifices and it's always possible if the european interest prevails over national interest and there's 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 interest interest that close. to the people who are going to cause their vote. 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 all for 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 like a society that will become an issue and at the fate of european union is dependent upon local or national elections going and that's of course crazy i mean you can of the magic that a country any country. that faithful of any country is dependent upon the outcome of local production elections that's unheard of and that illustrates once again the the union in europe is not all that strong and is forced to exist among the sort of european establishments 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 a real reality that people we live with now when we talk to experts analysts and economists even if they are euro skeptics it's a 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 you up the euro which i think you need to do we will face a so-called crisis all kinds of institutions will get into serious trouble banks will fail countries will get in 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 rethink 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 estate ability and so if you also would have already for that i see action an opportunity arising if we give up on an ideal that i think is an old fashioned ball. 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 playing in this strike crisis lest we forget that they had also that just gone

through the 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 gun you 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 our economies so that has to stop are you a climber thanks very much for your time. if they shoot something inappropriate for public they can easily be. casualties of war ok. i wish he would have never happened but if.

in a war a t.v. camera becomes an unnecessary what destroys their own safety all foreign nationals including journalists and inspectors should leave. and it's clear what happens with such witnesses i got on my site. many. merciless shooting on our. the clothes she has been to don't use the birthplace to the most ambitious football club in the world. known argy goes to the far east where the timber industry attracts three legendary siberian tigers where the native community can lose its weight in the modern world. and

where the country's mineral wealth starts its way across the ocean. to the bottom screecher russia blows up. are today's top stories oil prices at record highs as the e.u. go on iranian crude may come by the end of the month by sears over its impact on the global economy. jobs and prosecutors demand death by hanging for eighty three year old former president hosni mubarak also from power a public protests earlier last year request is already drawing criticism with the party is being accused of attempting to divert public attention. syrian authorities announced they have freed over five hundred fifty political prisoners were withdrawn security forces from residential areas as part of the arab league planned but opposition activists continued to claim the regime concessions are sat

. of next is the latest from the world of sport. hello there welcome to the sports and these are the headlines don't panic manchester united boss cirrhotic 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 gang ban for cameroon lifted by the country's prime minister. 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 right 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 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 of points 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 game ban. cameroon'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 byre a friend of you 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 ed too 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 is your russian

experience being so for over always been a group of joy. of enjoyed the shore but before we avoid for your. picture but doing your bit. of enjoy this will fall over should be the main. reason we were. and i say also that the difficult part is so i'm to get into a way for here in the language but you know i'm getting slightly better that is not so that's going to say are you taking lessons oh i had one wish and a couple days ago enough that my but in this for us of what i want on the half 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 weighed and you think all these boxes in her your shoe and i while using her you know what is it you know as an. afterthought you know you will stay at the base tosser 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 when the championship when you start the season that was of your when seen. you know that the baby started the spa the chairmanship was really really well but i mean it was to see a movie could go not only of one big games you know of a spot which i'm sure up to christmas and then the second 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 first 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 about. troy took it over to tom bowman to say no of the show to show you because i think it was thing for me to to sort of move on was best for everyone but do you miss the old firm you're the thrill of the the huge game in glasgow of

course some things 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. to know for me it was probably you know a sunny afternoon at parkhead saw that off in a pocket. you know it doesn't get much better now but i just finally. on a lighter note is there anything you miss about it's about scotland and home you know there the deep fried mars bars are they i am very right or state of table as of the branch out of the five miles well if of course as well as those home conflicts. i think the main thing that you'd nice is it's been a we're just not going this year period show friends but that's that's always a part of life. russian ships are still. watch 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 catarrh the world number three had knocked out russia 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 federer dominated left right and center to win in an hour flat sixty six agree the final score and that he 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 torment to blitz german paula denis premo my down saved so great pointy faced on route to an easy sixty sixty when standing in the way next is russian seventy eight past. the it. while it was a hard day's work and a half or two frenchmen jo wilfried to tsonga and gayle mon face number three seed

to tsonga was up against israelis flavia bowler and salvage the couple of set points in the first set before taking it on a closely contested tie break 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 within the smash save six seven six six three the way it finishing up next is our bat i'm asked who received the oct after russia's alexander graham 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 ranked that side the top three hundred in the world that stretch more to the. they meet in this group meeting encounter the german battling back from a set down to force the 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 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 finished 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 other star either bradley wiggins who was 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 here 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 different you know were printed bigger it's going to be top 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 am trying to do and finally there is a for. face back at the top of the standings in the dhaka rally nine time when a 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 some one to two keep though. his nearest rival defeats by almost six minutes in south african was

third fastest during stage four while on the bikes spain's defending champion gained some ground on the. serial display of france lead the way finishing just over two minutes ahead of death rate but 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 an arctic. wealthy british style.

market why not. find out what's really happening to the global economy with mike stronger no holds barred look at the global financial headlines tune into cars a report on r g. russia

would be soo much brighter if you knew about some move from funds to oppression this. means for instance our teeth don't come.

in them gave them warm. oil prices at record highs as the e.u. says an embargo on the rainy and crude it may come by the end of the month despite fears over its impact on the global economy. egyptian prosecutors demand down by hanging for eighty three year old former president hosni mubarak ousted from power by public protests earlier last year the request has already drawn criticism with authorities being accused of attempting to divert public attention. was selling on the time of disillusionment german voters weary of stale politics get on board a new idea the pirate party.

it's seven pm here in moscow this is r t coming to you live on news and now with our top story this hour global oil prices are spiking as the e.u. says it's agreed in principle to ban imports of rainy and crude sanctions could come into a fact by the end of january and must iran backs down on its alleged nuclear weapons program well to iran has responded to the sanctions with threats to block oil trade through the crucial strait of hormuz leading to a continued deadlock in persian gulf american warships are also present in the region the mission to prevent any hindrances of passage political analyst christophe horse still thinks the e.u. is paving the way for war against him with the help of the un's nuclear watchdog and a biased media. papers that they're not moving at the troops but there's going to happen there.