of course it was a very shortsighted plan to begin with what they completely ignored was that you had to reduce the day because it was unsustainable to begin with it took them one and a half years the figured that out and of course they also be ignored. the ideological guys that austerity was a dead end it's just been a very toxic mix and over those perhaps it's crushed the man which has led to economic shrinkage the greek economy has shrunk fifteen percent in the space of two years and of course that means less tax revenues harder to service your dead. now we're seeing more distance slowly between politicians and people in greece and in germany chancellor merkel determined to keep greece in the euro zone most of the german people seem to think in the should leave why do you think there is such a polarized point to polarize point of view here. in greece i can understand the polarization completely the political system here has been diluted i'm ised greeks had not been told the truth for many decades they didn't understand that the

prosperity that they were enjoying was on the basis of dead rather than actual growth here in terms of germany i think that the politicians have not exactly expressed themselves very well they've been quite populist they've jumped on to certain media interest that have tended to vilify mediterranean countries living in greece and not having told the whole picture now it's much harder to tell the average german taxpayer that they need to help and how they should go. all right makes kerry his economic analyst an international lawyer thanks for your time. claim of private bradley manning a u.s. soldier accused of passing classified material to whistle blowing web site wiki leaks has consistently made of into the headlines mostly in connection with his trial but now his name is on a different list that of more than two hundred nominees for the nobel peace prize brigitta yon's daughter a member of u.s.

led a parliament from the group the movement put forward manning's nomination and earlier told me why she thinks he deserves to with bradley manning this honor because the. women who are long whistle on war crimes it is not a criminal act to blow the whistle on war crimes or to blow the whistle on any crimes we feel that. by these leaks for example the video mode or. the wall. and particularly people that have. put their name to the war in afghanistan in iraq through their governments need to know why this meeting going on there and by knowing what is going on there and we see this in can apply more pressure on our governments to be a comfortable for the crimes that have been put out in our names we do not. let the bradley manning case be part of his in just treatment be the course of

silencing all the people the courageous people who want to do their civic duty by reporting on crimes being. states or military. take a look now at some other stories making headlines across the globe romania's president has nominated the country's intelligence chief is the new prime minister this after the country's premier stepped down and dissolved the government saying he wants to preserve social and economic stability his followers weeks of protests over austerity measures introduced in two thousand and ten to secure financial aid from the e.u. and i.m.f. the nomination now require is parliamentary approval. anders breivik the norwegian man who admitted killing the seventy seven people last july told the court he deserves a medal of honor for the murders the extremist also demanded his release survivors and relatives of his victims sat in on the last preliminary hearing before his full

trial starts in april it said the attack was against traitors who he said are embracing immigration to promote quote an islamic colonization of norway. and palestine's two rival factions islamised hamas and secular fatah have reached a deal to form a joint interim government they greeted will be led by palestinian president mahmoud abbas before the general parliamentary and presidential elections the deal brokered by kateri is seen as a major step toward reconciliation between the opposing groups after more than four years of separate governments in the west bank and gaza israel's prime minister slammed the agreement saying palestine has a bend in the way to peace daniel is up next with all the latest business news stay with us. business russia's gazprom has acknowledged that it temporarily reduced gas supplies to european customers at the end of last week deliveries to some countries were cut by ten percent this is due to high demand in russia of course but on usually cold

weather the energy giant says it's now made up the shortfall in supply to europe and is pushing production to the maximum variable over from the skulk of energy center believes moved to develop spot market for gas because the shortage is the first. to be blamed. extra cold weather and the global warming the second. coming and the europeans who for the last three years. established the paulison they don't want long term ones they want to have this. competitiveness and you don't have a lot of trading at least a lot of quite a few gas on this and gas according to the normal during the initial delivered the gas. couldn't be blamed for this situation. the

stock markets of europe recovered a little in the afternoon but remained for the day concerns over the greek economy the main drag of the indices there the russian market had a late surge too in the day floods let's take a look now at some of the main movers almost six on monday. goes from follow the overall markets into the black in the last hour of trade precious metals producers rules on the rise the price of poly metal reached an all time high earlier today although investors cashing those gains bank is down on use it will use its own profit to compensate the losses of minority shareholders the government ordered the lender to buy back shares from over one hundred thousand investors who bought the stock in two thousand and seven at roughly double the current market price. go posted know the games on monday putting on significant amounts of friday's fantastic thirty five percent rise with the company's capitalization reaching almost billion dollars this mention a number of factors among them

a possible merger with russian was probably metal also the company is expected to boy about four percent of its stock from i know to shareholders. current period of profound economic change has some talking about the new world order who will be the winners and losers marcus troyer the head of a brazil based think tank the center for business diplomacy office his verdict but we're in the midst of a transition phase what are the elements in this transition phase that i think will shape the world. very straight very strong state owned enterprises from brazil russia india china renewed innovative capacity in the west in knowledge intensive sectors they will create new facebook's new google new microsoft and that is going to be good for parts of the american economy will also widen the gap between the nose and the know not just the haves and the have nots. and i think we're going to also see a time of sacrifice in europe europe is going to have to have. those of dynamism

being inserted into its economy otherwise it's going to be stalled for a number of years. so the business news the headlines on next here on r.t. . culture is that so much i can't tell if i can build another one of the little world cup take to from some search of national to terminate and sovereignty this is what many scots say they want how realistic is an independent scotland would it be of.

the close up team has been to the hub bar of screen. where the country's middle wealth starts its way across the ocean. now our chief goes to the area. was named after lenin looking to a different character to represent itself. for local businesses are striving to build the aviation capital of russia. that's where the four by fours are made and should be tested to the limit. welcome to the screech of. russia close up on r.t. from los angeles to chicago to birmingham twenty trauma centers have closed since two thousand severe problem is not enough inpatient beds not enough urgency department beds and not enough nurses commandos that to take care of all the people who are the only real health care system that we have in the city of los angeles is the los angeles fire department in fact when i started my venture is

a firefighter i didn't want to be a mask i started out going to just do fire fighting it's about eighty two percent of what we do the far the problem is medical group. i've had a rescue couple weeks and waited for hours for a bit i've waited sometimes three hours but i wouldn't say st francis in lynnwood for four hours and fifty minutes standing against a wall with patients and we have a federal law that mandates that you can't turn no one away who seeks care in an emergency room. we have the most expensive health care system in the world and it's probably valued the least.

eleven thirty pm in moscow these are your r.t. headlines the e.u. seeking to impose tougher economic sanctions on syria's government after failing to boost pressure on president assad three u.n. draft resolution blocked by russia and china. russia's foreign minister calls the western reaction to the veto indecent and hysterical ahead of a trip to damascus aimed at finding a political solution to the ongoing crisis. ensuring greater political involvement for the people through the internet prime minister putin laying out plans to upgrade russian democracy

a day after massive pro and anti-government rallies sweep the country. pressure on all fronts greek coalition government deadlocked over adopting new austerity measures to secure a second ballot while the e.u. says time for a deal with iran and that deal for happens is running out. up next on cross talk peter lavelle i guess about the debate over scotland's independence and how realistic it could be for the nation to go it alone stay with us. and you can see.

below me in welcoming crosstalk i'm peter lavelle in search of national determination and sovereignty this is what many scots say they want how realistic is an independent scotland would it be a viable state or is this all a ploy with the scots looking for a better deal within the you. can. move. to crosstalk scotland's potential sovereignty i'm joined by david kopel in denver he's an adjunct professor of advance constitutional law at denver university in edinburgh we have kenneth gibson he's a scottish national party politician and member of the scottish parliament and in london we crossed to william bayne he is labor m.p. for glasgow north east and shadow minister for scotland tory gentlemen crossed the girls in effect that means you can jump in anytime you want but first i'd like to go to david in denver as a constitutionally legally david what kind of case does scotland have to become

a sovereign state to have to express its national determination. well they have the same right that people everywhere in the world do which is the the right to rule themselves so if the people of scotland vote in a fair referendum for independence then then that would be their right just as the people of ireland with somewhat more trouble were. recognized as independent and the people of taiwan wife wise have the same rights of self-determination everyone in the world has the right of self-determination i mean that doesn't mean they david doesn't mean they p.s.k. doesn't mean they get myself because i'm a nation that doesn't mean they get self-determination does it. well the nice thing is if you're part of the united kingdom which is a. democratic nation with freedom of the press and lots of tolerance for political dissent you've got a better chance of achieving it than the people of taiwan do where the country

that's trying to deny them self-determination is a rather rip asia imperialist nasty country that would invade them should they ever actually formally assert their what is there now de facto independence ok william i don't think that you think. says that england would invade scotland if and when the looks like it's a matter of time when scotland has a referendum in two thousand and fourteen to have independence what is your attitude towards that would it be a viable state is it legal is it the right thing to do. any state can survive the question is how you prosper best and my belief is we do that better within the united kingdom there are clear benefits of being part of the united kingdom's financial system provides we know who's going to regulate the banks we have a currency which is stable we have provisions for public spending which are democratic i think there are enormous disadvantages in breaking some of those institutions up just to reform them to create

a new currency union which apparently is the policy of the s.n.p. but i think we also share so much history we share welfare state yesterday m.p.'s from across the united kingdom were opposing government cuts to disability benefits to benefits for cancer patients we share the b.b.c. we have a great influence in the world pearman and membership of the un security council these are great advantages that mean being part of the union and being part of britain is good for scotland ok ken if i go to you i mean i guess really the glue the real question for you as a scot is that you know you want independence so that's why it's a good opening close case right i mean we just heard from david about go self-determination william says that you have a mutual benefit but the scots have a voice so what do they want to go their own way and will they go their own way. we do have a voice and over the next thirty three months we will take your eating the arguments for independent spirit scholars it's all in history traditions its own culture and

we see no reason why scotland cannot be as prosperous an independent nation as for example norway the netherlands denmark so many other countries in europe which are relatively small in terms of population but are democratic have a high quality of life and a high standard of living and under the. party after thirteen years of the rule the gap between the twenty percent richest and to a percent purist was a way to stay in the we see diesel i think we can do a better job here and score we'll have our own resources and then what's important is that we will take decisions for ourselves and you know not. so far as we know all we know is an aegis of oversea increased every year go ahead william here kenneth child poverty has increased well examined has been in government it's gone up every single year the economy is growing less less quickly in scotland in the last four years than the u.k. average and before that when there was a labor administration hole it grew more quickly so i think the picture is

a bit more close that frankly issues aside i mean this is an eating. well look at the figures and i'm sure i'm sure the viewers will be able to judge the figures from themselves they're publicly available but let's let's look at this issue the last five years it does mean that anyone makes up plus the u.k. only once in the last five years have been in economic. growth you know there's two losses would be lower in scotland than the u.k. average those figures are going to be the government ok gentlemen i'm going to jump in with your reasons why dismantle gentlemen let me jump in here david i guess is what is the interest here ok this is look like these two people should be together because look at all of the different the. well despite some is some important differences they have what's sort of sad for me as an outsider it is is how much they haven't in common when we heard. professor bain talk about what's what's so great about being part of the united kingdom he talks about the b.b.c. and the welfare state doesn't even mention the great history of great britain as

the country that spread freedom in so many places in the world and including saving civilization from hitler both of them were talking about the welfare state and what i think they both failed to realise and they were there are reasonable they're good representatives of the labor party and of the scottish national party which are both more or less socialist parties and have woken up to the fact that they've run out of other people's money and that if they're trying to make this issue about self-determination for the scottish people about who's going to more effectively fleece a to give money to be what i what i would wish they would both be talking about that is completely new and this is an issue of scottish you know and i know you hear about but don't anyone have what about the people of scotland right now why why is neither of you talking about things that could bring more self-determination to the scottish people right now like letting them elect police boards the health

boards have direct votes on self government. to. actually there all i know it literally is like they'll have this is i'm going to tell you where i will you to jump in go ahead william in london go ahead ok the key issue i think is growth i mean what we need to collectively as a group of political parties is come up with policies that are going to break away from the sort of get rich quick of capitalism that we've seen in too many countries in the g twenty and across the world in favor of a longer term investment in many ways our economy needs to become rather more like germany's we need to invest for the long term we are arguing for a state investment bank that would be able to get investment into the green industries and to tourism and to other sectors i think we've got to change our whole model of growth and i think we do that best within the united kingdom rather than going through the expense and the trauma of setting up a separate state so i think that is the key response i would have to david's point i think the way that we will empower the scottish people is to an economy that

works better for them that produces more jobs and more secure more social justice as a result ok ken if there's a big argument seems to think i'd like to ask you there's a big argument is that there's a big argument in this debate is that the guards have to be cognisant insensitive to the the sensibilities of the of the welsh and of the english of the irish do you think that's fair i mean it's incumbent upon you to convince your fellow members in the union that you want to go on your own way or do you think it's system out of a democratic process where you have the right to vote and you vote on independence . well i think the issue which the united nations recognize is up to scottish people decide their own future but we are the first ones that has tried to reach out to other parts of the need to make it clear and independent school and very good friend to england northern ireland and wales and indeed other countries in europe we have no enemies in the world we are not a country that seeks conflict with anyone the great thing about the independence struggle in scotland is there's never even been so much as a nose bleed and i may disagree on many of the points but the argument is done

through the democratic process and democratic channels and we want it strong to be independent so that we can attract and would investment but also the difference in really nice he thinks london news best for what's in schools interest we think the people of scotland know best and just as you wouldn't want your next door neighbor taking decisions on your behalf we do one angle and even with the best will in the world decisions on behalf of scotland and this remember is an incorporating you know it's not a union of equals scotland is very much a subordinate partner we have less than a tenth of english population and decisions political decisions will be made on behalf of the majority with a new key england and scotland basically if we make those decisions on our selves those decisions will ultimately be better for scotland whether it's a government which is left of center as a professor seems to imagine or indeed one which i believe would one that supports a mixed economy and is more social democratic rather than socialist william why not have two united kingdom as neighbors ok as equals that is you know it can it was

pointing out why can't you have that you can still have the same currency if you don't throw it out throw them out of the the pound you have the same queen scotland pays for the defense issues why not equals. well i think that's a false point i mean i think that the key issue is precisely what you mentioned the economy i mean let's consider what alex salmond is proposing here his preference is for a currency union with the united kingdom now we can see across across the sea another currency in the euro and we know what chancellor merkel last week said that for a proper currency union you need to have fiscal union taxes and spending being coordinated across the different countries within the union you also need fiscal and political union and she also said that you need a common treasury and know what is being discussed today by the n.c.a.a. agrees with this is easily want the better willy's base and i think of england oh.

well as things a cd you think should i be in charge or europe is that we're saying well let's us what i would hope that i would hope that we have more central being as a half of the government and germany and this is an end drawing up the fiscal rules of europe as i hope that francois roll on if he wins the french presidential election this me will do but the reality is that what we've seen in the in the eurozone are very harsh and fierce fiscal rules and the fact is if i examine wins this referendum he would be doing a deal to drop similar fiscal rules with george osborne it doesn't sound much like independence from a tory tax and spend policy to me nor indeed do i think it would be for the scottish people. cases no one since because the bank of scotland has been independent the chances in one thousand nine hundred seven and did it even in previous generations were in one file and under still your independence they were still part of sterling for many years if i was named john i want to jump in here gentlemen we're going to go to was short break and after that short break we'll continue or to our discussion on the fate of scott stayed with our.

but i. was struck with that you asked me are you going to be on the newseum in the early ninety's so you get to them on yeah if you want to have sex go and have sex.

and. welcome back to miles o'brien you know a lot about to remind you we're talking about the independence of scotland.

and you can. see. ok david if i go back to you in denver and a recent poll gives the the following numbers fifty two percent to thirty two percent english voters favored maximum devolution from scotland or independents a bigger margin of support then the s. and p. s.n.p. in scotland itself i mean it's really interesting it seems we're having talking about it leads right here in many ways a lot of it one and one trend that is really moving in the u.k. is that the english are feeling more english and less british at least that's what some data is showing i mean is it a matter of and leads and institutions that want to keep this together and devoid to what people actually think. well i think that the opinion polls within scotland itself ok fair to show that there's very strong very strong support for even for more devolution more more scottish home rule but probably for independents per say

that it only gets about a third of the support of the population which is one of the reasons why. is trying to change the voting rules to have sixteen and seventeen year olds vote but i note that the it is still all about elites in this argument because it's a question of whether you can have central planners in london or an edinburgh running the lives of all the people in scotland i noticed that the two other guests didn't want to talk about my suggestion that the scots could have a much more home rule right now by letting them elect the important officials in their local governments that control their health care and the police both of these gentlemen are also for keeping scotland in the european union which is an institution which has a tremendous democratic deficit it has no legitimacy unlike say the united states constitution where our states joined together to make a true national union that was done by the people themselves acting in conventions were as in the european union has been this.