trying to save trying to save the situation in their region but some say that it is that. surely knows the answers to these questions is the prime minister of. this. day in the press. as financial future of europe remains uncertain we need support of euro bonds holders and they holders need a stable euro the prime minister of. care is a man who coordinates this mutually important process you care is known far beyond the borders of his tiny country in fact he is the president of euro group sees europe's monetary policy prognathic an extremely professional you care is a consistent advocate of european integration in one of his interviews says that

europe will either succeed or fail together. thank you thank you very much for being with us well first of all when i read about you in the press the media calls you. mr euro what are your responsibilities and are you really the number one official in the euro zone today is a truth as you know. i'm just a case for china to. do it things right i'm not a number. for the nation of economics. but i'm told in charge of. the job of. a person. trying to do my best to bring all these. would you in. together when it comes to real issues well since you have the

function of coordinating the efforts of the seven can you tell us is there a simple explanation of what's going on in the eurozone today with the reasons this one what the press the exaggerating press holds the greatest crisis of all times. for you. there is no easy explanation to. what you. know we don't understand in fact why the area is. because of basic fundamentals both of them those of to pound and those of us those of britain. we have a smaller average budget deficit the other areas i was referring to we have a. lower public debt than the other areas us japan britain was

referred to so we do think. we submit it to a stress test but those who don't will do opinion to appear like a leading. poet in the world we don't want this happening. and many economists say that the eurozone is doomed well what are the chances really that that name may collapse in the near future i don't think that was the child's chance. to collapse is it to be stable enough despite the difficulties you will given it's good performance as first exchange where it. is a stable currency you is amongst the most stable conses. most stable than the us more stable. and well stable than other

international. competitors as far as the exchange rate is concerned those who are considering that your could break down those who are considering thinking we should . would collapse we'd have no no chance to destroy these common cancer because the common european council is not only about monetary policies not only about you can only see it's part of a larger political. project it's the challenge of our generation to prove as far as. that we have something to tell the world we will tell you we would not really exist in the next coming. a decades reviewable distribution way we have to. do we have

a say in the work that. russia russia started after martin so so at this early times by being an. dollar oriented economy but more and more year after year the russia is becoming more and more integrated into european processes including the economic process so how much do you think today russian economy is dependent on the i would say that the russian economy is dependent on the i would like to say that if you. were to collapse or washoe would be one of the first victims before the end you call it independence. and you say it's not dependent that it will suffer it's dependent as all these things intimidate the related and that's washed has a huge part of its. culture is. in yours of

course russia would be a potential victim we have to do for behaving as responsible way. when it comes to the so-called your question is really just not because it is a view about the quizes of poverty inside sever. it's of. do you. we i do think that. particular has to. preserve the strategic relations we do have we've russia is behaving in a very responsible way when it comes to military policy and to economic policies in in of the balls of the world so. russia is a part and could easily be a victim if you were to collapse but as this will not happen well show.

the victim. well there are russian government always tells the russian. people that . we they say never put all eggs in one basket is it the right strategy do you think is it a wise strategy for russia to to minimize the possible negative effects of sometimes it happens you have easy answers too complicated for us so that's what we try to find also is my answer is yes ok well what's the worst possible scenario for for the eurozone now i mean i mean do you think that do you think that there may be some sort of a development of the crisis effect that may influence really the world economy global economy we have put instruments in place you know little to fight against what you are calling your course is a traditional dual closure but the questions are public that side several countries

of the euro. we vote and the weapons arms instruments of three or four years ago but now we have put into place instruments that it will to enable us to fight against what you are. consistently calling you acquire says. we have put into place so called. member states we have it in member states. we'll have could have. to be supportive of them of doing so. does. idea. this wish that some of our partners so-called populous sex and world that you would call ups. would never be able to missing care well we were talking about the problems about the crisis in the

economies of some countries inside the eurozone. well austerity measures are one of the main measures that are taken to try to overcome these things do you think that this is now do you think that this is the main lever to solve the problem it's not the main instrument or slow to put but you have to know if you are at the end of the deficits or deficits. public debt you cannot really overcome the question we are in we have heidi indebted. countries in your area as we have to make sure that all the countries to seventeen covers belong to us. at the same direction we have to impose you know a compulsory way but are to disappear the reason the alternative to the consolidation and the. exactly what we are doing but the problem we are facing is

not only the public finances book the problem we are facing is a problem of large. broadening divergences between the different economies. so we have to put the focus on. you know if you can but if it is a situation of did you feel in your area covers the pulpit of greece. that since we will join you. at the beginning of. your era. in terms of if. it was. not feasible in the future oriented way if a company. and huge.

divergence is as far as you can only come but it is a skin cell so we have to focus both. consolidation on the improvement of the competitive situation of the states. kerry. as the press calls and we'll be back in a minute after we take the small banks out stay with us continue. the mission. critique a should be free. for chargers free. range month free. free. to tide free. download free broadcast quality video for your media projects free media and don

hearty. good laboratory to mccurry was able to. building a new. mission to teach creation. this is why you should care only. british.

market. find out what's really happening to the global economy with. the global financial headlines. and realized. welcome to the big picture.

welcome back to spotlight i'm al green of in just a reminder that my guest on the show today kerry the prime minister of luxemburg and a person who the press calls mr year a or or are they the year old boss well let's talk a bit about the e.u. russia relations after the summit the e.u. russia summit in june. some analysts have been saying that that the talks between russia and e.u. make little progress there that the framework agreement is far from being signed so why can't the parties find common grounds for such a long. table although it would to rebut.

i do think that both sides russia and do you will preview we have to have a better understanding of. the existing no future of. this great nation russia. do. we have to improve or performances when it comes to this rich russia the european union what do you think are the areas where russia and the e.u. make operate best i do think. of a common interest should be economic policies to be organized. more parallel with the. idea of thing but this is not a matter for the european union but. that we have to bet on the stuff that the

relation between russia and the western european world is true too. way for him to be going to do with the cold war that was a real competition to put it between russia and nato members we are in charge of peace and freedom of. code you know that's why we are saying and that's why i say that. there was a real strategic relation to be established between russia and jupiter new things. about defected to russia from time to time just baiting in. a way that you opinion to use p.h.p. pople way i do for example think that. the visa question between russia and disappearance. you have to make all the efforts of each question

you know to reduce issues to. negotiate to. one of the issues is one of the topics of that and it talks here in moscow is the the i have proposed a bill that should between the russia and the europe the champions and well what do you think prevents russia and europe to finally sign agree because the russian leaders have been saying this will happen very soon but it's not happening what's the problem. exactly the same thing but the. politicians know the figures read up and immediately you can be sure that things will take time to happen isn't technical or political but it's both technical and political but i do think it's mainly political we have to do step away from this cold

war as we had when we were in a bit because the cold war and in the west some of. you number states still considering as being not all power. both. in all solved we have to protect against the. poet if you i do think that nothing. useful enough in sound nothing hopeful we have been in. on both sides to be able to see doing that we have to move it does have direction and issue is not only is he a bully but it's because if the russians have the so-called service passports we'd be entitle to twelve volts. all the way s. washington and other pieces. to to go done that we wouldn't have.

understood what did you. do with these two did you think we you talking about russia. in a way that i feel that that you really do have a lot of sympathy to this country i know that you will be in tumble off this week to to open a monument to. some of that that. fought here in russia that suffered from the soviet as a matter of fact your father as far as i know was one of the one of them who suffered so can you tell me what's personal feel in your in your relation to russia and how do you see it all today my father was nuts. with his suffering from. from washes off from the soviets my father together which we have is bob and together with thousands of young life somebody else in cope with you both to do the

job and only because luxembourg has been occupied by did germany by the nazis which was a painful experience which was a painful experience of the type of twice the hundred deaths by the way will be reason why we are so strongly in cd working in favor. of european integration and unity because a small country like ours. is always the fear of the military opposition between the political opposing you in the wall between. us we were always the victims of that and so do you see young men incorporated befalls into the german army and they were sent to russia to poland to other parts of. the continent my father never told me that you have but the experience because of

the experience just before him so there's always. syrians but. by the end of the war all the luxembourg british soldiers which didn't want to be german soldiers but obliged to be german soldiers. well made. me wonder whether he didn't make the distinction between. all the what he actually imprisoned or they gave up gave themselves up to the time of the value of them. to the world. in the most virtues of the. book even if they were kept as prisoners anyway it wasn't obvious due to differences between luxembourg. german soldiers of german soldiers they would try to explain their specific situation hope could you expect it to by the end of the war yes russian officer of the russian officials

could make the difference between these poor luxembourg and be incorporated by falls into the german army and those who were german so just by conviction they were the judge and so by conviction to prove is that many of them. to be to do with me but my. feeling is if i put an emotion. by visit to tumble of by you know the way to this monument. we suffer a sort of these last generation of young. to do twelve years to be of my country. and fifty four just before you. a couple of this he said. you are looking live fifty five. we are young we would never victims

of the injustices we were never. in to the pier with the easter which was an old hour period but the period of those who were responsible for that the. very grateful to the russian authorities maybe because of medvedev because we we stuck to these what even when they did of course. very very different to the government of the region of top of a to do business people are told to death. because. this is part of a cover we were victims of the russians and the luxembourg was both on different sides of the confrontation no. having understood that in fact

both of us were victims because we were fighting against the nazis the russians and the russian people the washroom people paid a huge price for that at the docks and people of these poor soldiers being involved with. me we have understood that we have we are responsible for the decades to come that's our duty doe's the duty of the fifty four the. lukian built very much and you said that that medvedev when he was president well the russian authorities are. pretty friendly to to to you as a representative of luxembourg i know why i think one of the reasons is that luxembourg is the third largest investor into russian economy how come how does that of the small country luxembourg is the third largest we would why the. leading financial. focusing on financial services and so we fast forward

in the work invests. amongst the leading part of the russia but that's all delusional but we have a strong relation between huge. great. russian nation and the small. grand duchy. of what the reason is that we. i'm trying. to understand in a but the way done logic come was. trying to do it the deep nature of we we we will never forget that washoe was amongst the companies who liberated our country during the say that well even those but young the real world generation know that russian soldiers will. tell do we do know that we vote washoe we would never have.

liberty and freedom we want to be liberated by us forces we also live would be by and by what and among those who view a number of countries of the kind who actually in public. we do have. more or less. huge differences if you when it comes to human the wides and issues of that kind but i don't think that the west is. inspired if the west is always less chewing of those how to do things we should do our own business but meeting with president putin is about rid of or informant. for different clothes always manage to discuss this but it is not the prove of coverage if you are giving the impression that you would like to endorse this you

have to talk about these issues we have to discuss this. in detail and so i do think that the so-called popularity we have in russia is due to defect. when it comes to common issues thank you thank you very much for being with us that was. prime minister luxembourg talking to us on spotlight and thats it. no from all of us spotlight will be back with more first avocados i wasn't allowed in and outside russia so i meant stay out of party and take a dump they stay there and take a picture in which they hit. the bottom. it.

is beautiful it's. fifty. feet. deep. it's. the. russians would be so much brighter if you know about someone from funniest impressions. moves from star totty dot com.

the french invasion of russia has started again after two hundred years up at the. sub jet the emperor in a pollie and has arrived from overseas to lead the army i have to really take my time to prepare myself to get it right and. the bloody battle near moscow is going to start over. james brown will reveal the victor the soldiers are back to do it all again. but you know version twenty four held on r.t. .