well you say germany isn't in the driving seat what can change that well what we do right now is we have the fiscal union which is austerity which means we save on the back of people of taxpayers in the south and in the north the euro has created the problems because the euro and that's what i predicted in ninety eight ninety eight in a lecture at boston university that the euro will create artificial wombs in some areas and artificial busts another stickles we don't have an after them currency area and that's exactly what happened also it created a competitiveness problem for the south because wages went up and so on but they couldn't devalue any more and that's the root cause of the problem and we're trying to mistakenly correct that and rectify that by. by saving by public by by cutting down public deficits which will not work in the situation and at the same time we're saving on the one hand on the other hand we're having a hugely expansionary monetary policy so we are stepping on the gas pedal was one

foot and on the brake was the other and that's the frightening and so one would have to ask. who benefits from that kind of policy and they said that it could in deficits wouldn't work perhaps would getting rid of the euro. getting rid of the euro would be very painful it would work in the long run because we had a perfect system before the european monetary system which was just the right mix of flexibility and stability it was a stable system but you could just that if things went out of hand so that was a good system going back there theoretically would be great in practicality it would not be great because it would be extremely painful but. what i envision is that some people some countries leave the euro like greece and maybe later spain or portugal italy not so a flexible union countries that are not ready to stay in should leave and that's

not the end of the eurozone quite to the contrary it would strengthen the euro zone but the european political elite is basically upholding a dogma if greece fails meaning greece leaves the euro greece has failed horribly greece is basically a failed state but they say of greece fails the euro will fail and europe will fail all of this by itself is wrong and in this connection is also wrong so we have to ask again who benefits from that state of affairs is there a chance though that we could see a champions league monetary union created with the likes of germany austria the netherlands and other countries with underneath that a second tier of monetary union there are some proposals out there to really split the euro into a northern europe the southern euro southern euro or. there are some proposals out there to really split the eurozone into another and so on and the southerners so on but that's not really working that will not work for political reasons you cannot

split france and germany then france will be really let's say insulted that's just not politically feasible if you do that then you might as well get rid of the euro completely so france would have to stay in the champions league and so that by definition would be very difficult in that sense. and also who's going to lead the subs and so on who's going to be the point around which they will rally so that the mind boggling the problems around negotiation team such an arrangement getting countries on board so that much more flexible and also i think sufficient approach at this time is to have individual countries opt out if they just cannot comply was current policies and of course research should leave rather today. and not tomorrow because it's really clear the policies are not working we're really having an austerity program which puts the country deeper into difficulty as the g.d.p. is shrinking people are suffering the only people who are saving is the financial

elite is the oligarchy that has been ruling greece for about two centuries because we save the banks so we save the banks and the creditors at the cost of the people and that's not great so you saying that it would be better for greece to leave the euro take extreme hardship for say a generation and then benefit in the long term it would be extreme hardship but we do have extreme hardship right now also i'm not sure how much more extreme it can get and would not be a generation or in my in my projection would be about five years three to five years and of course if they leave the euro zone. the european countries should stay solitary they should give. measured aid they should give support project the. should support certain banks so we're it's not the end of european solidarity but it would just be a healthy arrangement now looking at some of your work you seem to suggest that there's a problem with the german mentality when it comes to taking things forward economically

. yes i mean some of the factors in europe are still the same france is pretty much behaving like it behaved one hundred fifty years ago england is behaving that way. russia we'll see but one country that has really changed mean there is this guilt complex we can say it openly still from world war two and we believe if we just give up sovereignty and german interests we will have europe but that is a little the jump is a little short so to say i mean less germany doesn't mean more europe. if germany has viking ships should use them to create a stronger europe but i doubt that we do it by creating the by supporting an unsustainable arrangement was the euro as it is by doing a fiscal pact which is basically strangulating european economy so in that sense

germany should indeed assert european interests i would say more strongly sorry sorry to interrupt you what are these bargaining chips the bargaining chips are not many anymore and we gave one way again which is the yes and which is i mean still european increase in the capital of the years still requires. a scent of parliament and so on but parliament really is lame parliament a sense because the major parties in coalition government and outside always agree to stock up the capital so there's an increment upon sovereign budgetary rights and the parliament is not defending those but basically that's the last bargaining chip our sovereign budgetary rights and i just clarify there by e.s.m. you mean the european stability mechanism not say a pox whereby all the countries put money in and it's given out to those countries that need it most will not work in your opinion yes that years and missed the big

part european money will be distributed somewhat like the. i.m.f. and it should the money should flow to countries and problems. under certain conditions at this point how it's constructed we give ever more money to that result saving solving their problems. and the money is just flowing in basically exacerbating a prolonged prolonged the current unsustainable situation now german chancellor angela merkel's always been a big supporter of the eurozone saying it must stick together is there a chance that german fiscal decisions are being made based on political decisions because looking ahead to the elections will be taking place here next year well marked with the case is very much listening to the other countries at some point in december two thousand and three and sarkozy's said after the consummate if greece wants to leave it can leave we're prepared but there was a short sharp blink of truth but the dark my is europe has to stay together and

it's basically a dogma based on wrong premises to blackmail germany to blackmail the novena countries for the benefit of large financial institutions for the benefit of what i call financial oligarchy for the benefit also of course of the southern countries and the elites in the countries but wouldn't a greek exit from the eurozone be devastating for germany economically germany would be heavily affected if it left the eurozone that's why almost nobody is for it in germany it would be extremely costly once again but so far in history every monetary union at some point has come to an end if there was no political union so this union will come to an end but it will be way in the future so the pain is not big enough so you suggesting that a political union could be what's needed to save the monetary union. i'm a firm believer in the fact that germany should play its strength more actively

should have a more active stance in the negotiations but also as most germans are really dream of a united states of europe but then we have to start with a parliament that it's worth its name a government that is elected by the parliament not a commission we have to start putting together the true parts of high politics like defense security those things have to be integrated and we can have principle of subsidiarity for economic policy so right now we're building a technocratic euro for the benefit of certainly leads for the benefit of the political elite for the benefit of the financial elite which is not really a citizen to europe so you're suggesting that germany should lead the way in convincing countries that would be in this united states of europe to essentially give a sovereign rights germany cannot lead by itself this german french tunde has to work it's

a difficult time them and i'm not sure we can really make it work but even sarkozy and merkel have learnt to work together but martin has been to yield ng so i'm not sure how the french german tandem will work once romney becomes a bit more sort of. points to basic things have to be done but without french german cooperation on this it will not happen just one last question in the past you've predicted doom and gloom for the eurozone how to predict its future right now right now i'm predicting that this unsustainable and to some extent pretty bad sort of just going to continue nobody has the power in the world to really solve it . but everybody is of course concerned not to red let it disintegrate so i predict more bickering more economic hardship more muddling through for at least another two years because the e.c.b. is printing money like crazy so we're going to sustain an unsustainable state of

affairs for another two or three years you make it sound like a failing marriage it's certainly a quiet failing marriage were partners have not given up on each other yet. looking to the future their doctor at a pleasure to speak to you thank you very much margaret. i mean so the only city in europe i'm the host of the twenty fourteen winter the pick a. sun sea. thank you. so much. thank you the. dog days of. the pride days it. makes common. to

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a car bomb explodes in central damascus and we do have breaking news here killing at least ten international peace envoy to the country visits to call for an immediate cease fire. the lebanese opposition calls for more rallies in a country already engulfed to try violent protests all after friday's deadly terror attack and apparently salt of the syrian crisis spillover. ever turned to chaos as more civilians including children killed in libya as government planes militia shell the town traditionally and loyal to the old regime and a year after whom are gadhafi was killed. was protesters scuffle with police as

tens of thousands marched against austerity in london a clash as i call it benson athens as greece suffered a nationwide strike souring the mood of an e.u. crisis summit in brussels. and a new attempt to breach the blockade of gaza is boarded israeli forces stopping humanitarian ship and arrest thirty activists on board. and now it's time for sports news with that. hello there good to have you company and let's look at the headline moscow showdown is taking on caroline wozniacki in the kremlin cup final with the latest from the in piskies stadium plus two scars two without the injured strikers to do don't buy their clash with rubina's they look to keep the pressure on leaders angie and the russian premier league. on the moto g.p. very g.p.

title race hot stuff is done either drugs or claims victory in malaysia. stop by with the telly and let's go straight to the kremlin cup where top seed sam stosur is taking on the former world number one caroline wozniacki in the women's final on the strange just level the match of one certain all having lost the first to the dying sixty two she's just won the second six porson it's now gone through a deciding set this would be what this is wozniacki is first crimea final since last august last those that hasn't won a tournament since the famous u.s. open win last year while the men's final gets underway shortly at the olympic skier in there in moscow and that will see sleaze and the face thomas baluchi from brazil the fourth final of the year for seppi who's the favorite going into this match. not turning to football in the russian premier league terek are currently taking on with the chance of going second in the table this afternoon the chechen side i've only lost two of the last ten in victory today would see them go within four points

of angie at the top and they had just taken the lead a goal of the day with the only goal in this game so fast growing that in the middle of the second half and whatever happens in that game to your scar could close the gap on angie to just two points with victory over rubin but they will be without their strikers to do that because he's still injured welcome motif go to the bottom row stop or second bottom or top of your post struggling. now on saturday angie did beat to one after the red and white conceded the stoppage time and go spaz out took the lead through midfield it didn't really get in of ten minutes before half time but a yellow card either side of the interval for the kill combo of left to visit his with ten men and a senior to the right equalized midway through the second half but with a draw looking imminent and injury time free kick resulted in is that all the heading into his own net energy one two one and remain in the six league games while sparta behind their second straight defeat. elsewhere on saturday the

defending champions any third with their one their win at home to keep an eye exam to cushion cough netted from the penalty spot on the stroke of half time to claim his seventh goal of the campaign then he did press for more in the second half but fifty million dollar man hopes powerful free kicks from long range just wide while fellow record signing axel vits still the bar is any level on points with second place. now there's also action in england sunderland take on newcastle in what should be a feisty ne darby this afternoon while keeping host everton in the gang. look at what happened on saturday substitute india scored a late brace's to the city snatched a two one win at west brom wayne rooney netted an own goal then also struck twice as managed united state for two no reached and arsenal one nil for their first win of the season raheem sterling is made in liverpool goal against reading gave the reds death a home win for them grabbed

a late victory over aston villa swanzy held off the one west ham thrashed southampton four one and chelsea stay on at the top after one matter the second half double helped them win a thrilling london before to the top of. the really good. of you lot of confidence and momentum. knew we had to ride out the little brother you know the. pa from the to think for the rest of to be very much you. will need to. do so who the majority of the good now there is plenty going on in ice hockey shell today said big could go level on points of track you'll. see if they get victory over at bars it's one million one. to one up against sal about at the moment in the other game while a more suffered a two one defeat to make it more of only nineteen points now from twenty games

pretty poor and trap door later to cement their place at the top of the eastern conference table to take part. on god kept the pressure on the top teams with a three two shootout win over service down on saturday service to believe. in the middle of the first period and even though on that even off found an equaliser service style took the lead again in the final carry the day of getting what looks to be the winner with all hope haven't guard come back seemingly over after matty but in with him been with less than two minutes left but his side never gave up in keeper eduardo but he was taken off for an extra attack a big gamble paid off from bell of scoring with just four seconds left to send the game into overtime and when that finished goalless so close to stand here scored the winner in a shootout a great game to watch evan guard now three points off the top. but it is the nominee who have the best record in the k.h. el at the moment alexander ovechkin scoring for them in their four one win over

land on saturday and that they put on top of the overall standings and of course on top of the west with thirty nine points from eighteen matches let's move to motor sport and moto g.p. has won a dramatic malaysian grand prix to keep his title hopes alive for traces atrocious weather for the race called off after nine laps but not before but i just managed to squeeze past chair. so you started on pole victory mr drove it to within twenty three points of his rival in the standings with two races left k.c. stoner which the. meanwhile russian has an outside chance of being crowned the formula around eighty champion in spain he goes into sunday's final race of the season fourteen points behind his rival stoffel van brewer and from belgium from barcelona is constantine perturb off. for the whole season rushes the new kid out and show off for the one born have been

in a league of their own as the sparrow have won eleven out of the twelve races so for eighteen year old lim this season with the most to be two is seven but despite one born winning just four he has been more consistent finishing on the podium ten times in twelve outings and headed into the final weekend at the catalonia circuit within the eleven point. one set of these race the belgian started from second sport well was the from politically should however the russian produced in the electric start overtaking two opponents to get close to his title rival but the new incident slowed the red junior team driver down as a safety car appeared on the track and as a result the twenty five left race was shortened to just well in columbus crew to hold who started from pole proved his first victory of the season leaving bondurant to edge without them to second in a battle behind him well it was

a very short race a long safety car period in the beginning. but yet for me it didn't play it so much because i was anyway in front of daniel one door and increased his lead to fourteen points ahead of the decisive phrase however that says it's not the end of the battle and the crucial day will be on sunday. today but not for saying that anything everything can still happen tomorrow. for justin just mentor in there is no pressure so. despite the fact that kid had failed to cut the point deficit in the first race with twenty five still up for grabs at her medication ollie is in store on sunday where the winner not only being crowned champion but also a bucketing half a million euros and a chance for the big time on sunday but that r.t. barcelona spain exciting stuff not just time to tell you what he's. going on in gulf ryder cup captain davis love the third and jim furyk have taken control of the

mccloud three classic in the united states they topped the leaderboard by two shots going into the final round of psych a twelve foot birdie on the eighteenth to cut a four in the past sixty six for a share of the lead much that score it was his second bogey free round on the seaside course this is him here india's arjun atwal is still in contention tied in second place with t.j. on the victory had to be sure of keeping his talk card for next season so that brings us up to date some studies in at least that deciding sat in the crime cup final against carr and i must be asking three games to tell you will have the final score and expletive until us. no more divorced terrorist attack. x.

hostages blood listen to their lives and after the tragedy. still gives drug across oktoberfest. because their future. be written. sure by being terrorism ten years on r.g.p. . download the official location to cell phones choose your language stream quality and enjoy your favorite. t.v. is not required to watch all its hear all you need. any time of the.

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a foreign country's government but his strategic games must. recognized its defeat. the question is if cuba managed to cope with its victory in all. the cuban missile crisis games and reality on all. wealthy british style. some. markets. find out what's really happening to the global economy. there are no holds barred look at the global financial headlines two kinds a report. i'm in sochi the only city in europe the host of the twenty fourteen

winter the picket. see. such. thank you. a. dog days are. the pride days it. is so common. to see it's so true.