driving by the processes that are going on unfortunately i think the current system will last for a while because the european political elite really has sworn to defend it whatever the costs and the cost sign norma's so really the current system is hurting europe we have to make some changes but i do think that the current rather detrimental state of affairs is going to continue for quite a while we 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 the euro will create artificial blooms in some areas and artificial busts than others because 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 deficit 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 that 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 directly would be great in practicality it would not be great because it would be extremely painful but. what i envision is that some p. some countries leave the euro like greece and maybe later spain and 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 dark mark 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 europe southern euro or. there's some proposals out there to really split the euro zone 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 size and so on who's going to be the point around which they will rally so the mind boggling the problems around negotiate such an arrangement getting countries on board so they're 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 is 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 solidary they should give. measured aid they should give support project the. should supports a bank 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 will see but one country that has really changed and they mean there is a skilled complex we can say 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 it should be used to create a stronger europe but i doubt that we do it by creating fear 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 that it's interest you what are these bargaining chips the bargaining chips are not many anymore and we gave one away 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 encroachment 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 that by e.s.m. we 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 flowing and basically exacerbating a prolonged poor along 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 reasons to leave it can leave we're prepared but there was a shard short 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 it it's 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 up sovereign rights germany cannot lead by itself this german friend 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 assertive. 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 do you 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 not to read 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 ought to play should speak to you thank you very much.

i mean so know your city in europe on the hosts of the twenty fawlty in which are the picket. thank you. thank you. so. nuclear fallible side. radioactive fallout all government betrayal the government. everything law and claude

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tens of miles a gallon in the lebanese capital for the funeral of a top security official who died in friday's. blamed on syria before the start of any investigation. right now you're looking at live pictures coming straight out they are. also a deadly one strong damascus as the u.n. peace envoy meets the syrian president try and broker a truce conflict torn country. and other stories that shape the week dozens are killed as the under siege former stronghold of moammar gadhafi season another

assault by pro-government militias and here after the western backed libyan. and skirmishes between police and protesters in london where more than one hundred thousand marched in anger at the social costs being imposed by leaders. top of the sunday sport now with kate. hello welcome to the latest on his back sunday and coming up. top battle just got hosed for champions robin aiming to keep up the pressure at the top of the correct go second in the russian side merely. while also epic caroline wozniacki triumphed in another three step maryland to cause a problem some stars up in the credit card. danny could raise or wins a raise sure malaysia moto g.p.

going to cut will gain or ends up over only twenty three points with just places to go. first as kicked off with forward to sky taking on we're being at the him key arena a win to keep up the pressure at the top after to wreck when second earlier this sunday in the russian premier league has gone missing strikeouts so he's been doing the art of the clash with the twice former champions but a win would put the army men back up to second and within two points of leaders long. well later luck what if they go into third bottom rest of the second most important is talking to them but still don't know if you believe them while in the early kick off ball it in jos a morrissey i was promised midway through the second half to end my following to write one know when i'm calm and check in so i'd picked up a second straight week trying to at least temporarily meet for a taste i dislike and. want to play and he came back to win to want to thank you ten mins farts i coughed to the business conceded a stoppage time own goal post contact took the lead ten minutes before half time

through with it going to be a female but a yellow card either side of the young to vote for killed the visitors with time and. seen a try only equalized place in the second half onto the draw or looking imminent and injury time free kick resulted in fine in surround you. injuries are yet to assure the one to watch and remain unbeaten in sixteen games a spot tac one hundred best despite this heat. while ours were double defending champions and when third with that one no we're not having to combat alexander close it off netted from the penalty spot on the stroke of half time to play this step and stole the campaign goals in the quest for more in the second false front fifty million dollar man holt powerful free kick from a long way just went wide while fellow record signing x. over the box. one point based system was spent.

rather they are up two nights and going to places from eleven stock to two goals in the last eighteen minutes state the home side a two no really i'm looking at it in the first up to the hundred of the post and we call that grinch which blasted home following a corner to ensure the home side to the us from the line yet remained two points clear of the droughts. of the sunday night there are also two big games in england some going the host a new course and northeast davi rock bottom q.p.r. looking for their first win of the season but they welcomed fourth place of it and . they saw if you have scored a late braces ten man manchester city snatched a two one win of west brom wayne rooney not even own goal then also struck twice as much as you and i did beat started four two no reached a standoff no one nil for their first win of the season and even sterling's mated liverpool goal against reading gave the reds their first home went from grab a late victory over aston villa swanzy held off we get to watch west ham thrash

southampton for want and chelsea stake on being at the top of the one marked as second half double helped them win a thrilling london dobby fourteen at tottenham. i think they're really good in the second. i was feeling of confidence and momentum which we knew we had to ride out a little bit better you know the first time in fifteen minutes. apart from that i think for the rest of the being we were very much mature to finish the if we wanted to impose so so some women should do so for the moderate have to go. now moving on to tennis and former world number one caroline wozniacki triumphed in yet another grueling three setter to beat some stars and lift the kremlin cup the dane cruised through the first set sixteen but just rain topsy fullback in the second to take that six four hundred was a close affair in the decided to call bosnia up the edge that seven five to lift the top for her second title this season while stones well she hasn't won

a tournament since her victory at the u.s. open last year and the men's final is now underway at that is the arena here in moscow where italy's and their set meet is facing foremost bellucci from brazil this is the fourth final of the year for second it was the phrase which getting into this match. now is a motor sport dani pedrosa has won a rain shortened malaysian grand prix to cut the gap to merge a g.p. lead a hole gainer renzo to twenty three points with just two races to go at your downfall forced the organizers to red flag the race. but not before six why do you think it's we played the video so much right. then the renzo who started on pole now really avoided a crash from a tricky turn and was already on the road so the race was called off to go so it was awarded twenty five points the honda right now trails lorenzo by twenty three with a total of fifty available in the last two remaining outings while outgoing champion casey stoner completed the podium at the supplying set. to go to stop

but anyway i'm really really happy today it's my first ever winning in whip meanwhile russian that neil chance has an outside chance of being crowned the formula red no two champion in boston and this sunday as he goes into the final race of the season fourteen points behind rival stoffel van dorn from belgium cousins but out of the courts in spain. for the whole season rushes the new kid out and stuff it 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 crowd will end the season with the most to be curious 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. inset of these a race the belgian started from second sport. was fifteen qualification 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 bull junior team driver down as a safety car appeared on the track and as a result the twenty five leper race was shortened to just twelve and columbus. who started from pole his first victory of the season leaving van dorn to edge out into 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 van doren increased his lead to fourteen points ahead of the decisive race however a vet 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.

i just need to go in there is no pressure. despite the fact that we had failed to cut the point deficit in the first race with twenty five still up for grabs at romantic finale is in store on sunday where the winner not only being crowned champion but also bucketing half a million euros and a chance for the big time on sunday by the r.t. barcelona spain. now having gone to i saw kept up the pressure on. top teams in the k h l with a st two shootout win in a stroller at seven start on saturday the home side took the lead in the middle of the first they're going to pull. even though and they were not found an equaliser again took the lead in the final period. to what looked like the wind up then we haven't gods hope of a comeback if you ever tell you that i listened to what the men who were soon binned with less than two minutes left but his side didn't give up that mind it was

why he was taken off when extra tackle and the gamble paid off and then got off scored with just four seconds left to make it two two and then they gave him two over time and when that finished gold us that he gave us each school to wind up in the shootout to crown a thrilling victory and see his side go three points off the top in the eastern conference. and fun is a gulf where americans davis love the surgeon jim furyk have taken control of the magog in georgia the pair top the leaderboard by two shots going into the final round love a twelve foot birdie on the eighteenth to caught a florida par sixty six for a share of the lead and fear rick match that score it was his second bogey free round on the seaside course. india's arjun atwal he's still in contention he's tied in second place with the j h one hand and at one needs a victory in georgia to be sure of keeping his tour card for next season. while

elsewhere american vogue on peltz claimed his first title of the season after holding off his can patrick jason dufner on a nervous final day of the inaugural curse international in australia and to the fourth round with a narrow one stroke lead and the thirty seven year old didn't drop a single shot on the front line but he bogeyed the fourteenth hole right dufner came out of an eager. but van pelt birdied the next one before again hopefully the seventeenth so the pressure was on him to keep his cool on the fine if you had to go by two shots the number was going to twenty four dedicated his victory to kathy scott's the one who died on friday. and that's all the sports news i can.

you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. if. russia were to be soo much brighter if you knew no bounds to move from phones to impressions. meals for instance on t.v. don't come. wealthy british style. but on.

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