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tv   [untitled]    October 21, 2012 6:30pm-7:00pm EDT

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can it keep that up germany is not at all in the driving seat germany's economy is functioning but germany is driven rather than 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 see 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 tax payers in the south and in the north the euro has created the problems because the euro and that's what i predicted in one nine hundred ninety eight in a lecture at boston university the euro will create artificial blooms in some areas and artificial busts in others because we don't have an after them currency area
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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 that so we are stepping on the gas pedal was one foot and on the brake was the other and that's the frederick 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
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of flexibility and stability it was a stable system but you couldn't 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 period 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 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
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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 are 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 subs and so on who's going to be the point around which they will rally so
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that the mind boggling the problems around negotiate such an arrangement getting countries on board so the 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 reach should leave rather today. and not tomorrow because it's really clear the policies are not working we're really having the 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've saved the banks and the creditors at the cost of the people and that's not right 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
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do have extreme hardship right now also i'm not sure how much more extreme it can get and would not be a generational 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 state solidarity 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 is germany i mean there is a skilled 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
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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 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 that it's interest 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 i'm still requires. a sense of parliament and so on but parliament really is lame parliament
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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. 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 as a result saving solving their problems. and the money flowing in basically exacerbating a prolonged prolonged the current unsustainable situation now german chancellor
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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 shard short blink of truth but the dogma 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
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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
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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 citizens europe so you 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 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 that 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
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now right now i'm predicting that this unsustainable and to some extent pretty bad set of affairs is just going to continue nobody has the power in the world to really solve it but everybody is of course concerned 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 or it's a pleasure to speak to you thank you very much michael it's a. true
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means in this story even for specialists how a voice can produce several sounds that kwame's between aeons the art of throat singing comes naturally picked up like a language. a language of communicating with nature it said that's where throat singing originates from the unions believe not only animals but also all surrounding objects like reverse forests and even stones of souls imitating the sounds they believe can capture the power of nature.
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there are special instruments that accompany the singing if gainey says there is even a legend about his instrument a gill it says once there lived a poor shefford who had the best horse that won every competition but jealous people killed it on the horse was revived as an instrument. or was it of so pitiful is because of the spirit of the horse coming to his dream and said make an instrument from the tree the sounding board from the leather of my face the strings to my tail and to remember me make an engraving of my head part of the instrument he did so i called the instrument again you. which means come back and this melody on the instrument is called. to fly as one of the most famous groups in the republic their next goal is to tour
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pruitt they say for you were opinion since difficult to pick up and sing so i asked them to teach me and see if i can do it. cheerily the. shero you stand out in that was sure to say can come through and was you think gang are all ok. but now it is the and moody part of the song and not the actual throat singing which i wouldn't even try to repeat. so maybe you have to be born here to be able to sing like this i thought so until i met small chooks like it vini and i don't even speak their language but she is from japan. most s. too far in mind that she pounds from two hundred years ago until soppy here she's
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not planning a professional singing career but she keeps practicing just because it's become part of her nature. warning shots fired from machine guns and rifles in beirut as a supposedly peaceful protest against the syrian leader turned sour with opposition and how tight a flag seen among a crowd. a deadly blast rocks damascus is the un peace envoy meets the syrian president to try and broker a truce in the war torn country. and dozens killed as the former stronghold of moammar gadhafi sees another assault by pro-government militias a year after the western backed libyan revolt he spoke with a man whose family is trapped in the d.c. city. sports next stay with us.
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hello and thank you for joining me for the sports and hear all the top stories. big battles does beat ten months to regain second spot of the winter time caught and state as the top sides keep up the pressure on redesign in the russian premier league. while moscow epic caroline wozniacki tribes in another three set barrison to overcome some studies are in the kremlin cup. and putting up dani pedrosa wins a range shortened malaysian motor g.p. cut their ends i was over all the eight to twenty three points with just two races to go. but first let's kick off with four boards escarole back to within just two points of leaders and after winning to nail it home to ten man rubin to lead from back into second place in the russian premier league there's going mistry i guess
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they do dounia and akhmed muso made up for his absence up front their chances came and went begging for the nigeria forward in the first half then with twenty minutes to go the feet footed twenty year old and got a penalty even marcano was the guilty man and sweden midfielder rasmus elm made no mistake to not chop his first goal for the army men and marcano soon saw a straight read off challenge on keisuke honda. finally got his name on the scoresheet after latching on to alex on that sound as poss to complete the two no scoreline eight minutes from time. while in the early kick off igor lever denko volatile a modest ceo's cross midway through the second half to end high flying to wreck one no when it's on call as the church inside picked up their second straight victory and finished the day thirty four points adrift of energy. elsewhere alexander korean was the hero for dinner imo moscow as the russia strike. netted both goals in their two one win at second bottom although via the twenty one year
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old first beekeeper at the meeting about to the far post just six minutes in however is that early strike with counsel that of the loose long walk on the chin slotted home controversially retaking the penalty with off an hour left. but according swiftly headed home across by jack as damp addressed charges moved up to twelve to match points clear of the relegation zone. while the fifth place locking our teeth and now winless in three matches after the rel way men were held to a goal the stuart struggling lost off haven't won in full. one on saturday leaders and came back to him to want to take him to ten rounds by attacking after the visitors conceded a stoppage time only go one spot that took the lead ten minutes before half time through we'd feel that the year dean of butts a yellow card either side of the interval for kilcullen bought off the visitors with ten men and the scene a try or equalized through the second hard not so with
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a draw looking imminent and injury time free kick resulted in fine in surround the heading into his own net to ensure one two one and remain unbeaten in sixteen games type one hundred this second straight defeat. one elsewhere double defending champions anita false following a one no win a title to combine exam go to cough netted from the penalty spot on the stroke of half time to claim his seventh's goal of the campaign was in the press for more in the second half but fifty million dollar man holt powerful free kick from long range went just wide what fellow record signing x. over the ball to me twenty five points adrift of the design g. . and a cross and off to places to ninth after two goals in the last eighteen minutes gave the home side a two no victory over a long year you're going to ship it's in not even the first off the ball rebounded off the post. we brought it home following
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a quarter to ensure the home side to all three point zero and yet remain two points clear of the drop saying. that in england this sunday december voz late own goal meant sunderland snatched a one one draw against ten now newcastle in the north east darby hunk of i had opened early on but likewise then soon had to change the second tell while rock bottom q.p.r. also drew one one within for better to do also had steven pienaar dismissed on the our junior for let's early made no rangers was then council. says our own goal. was started a substitute and in jacko scored a late braces ten man manchester city snatched a two one win at west brom wayne rooney netted an own goal but also struck twice as manchester united stoke four to norwich stunned arsenal one nil for their first win of the season and chelsea state unbeaten at the top after one second half double helped them win a thrilling london darby or to top that. in the second. i
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was feeling. confidence and momentum which we knew we had to right there you know the first time to see me. perform that i think for the rest of the being very much more to finish the if we wanted to impose a no show some women should do so for someone to be. now moving on to tennis and former world number one caroline wozniacki triumphed in yet another gruelling three setter to beat some stones and lift the kremlin cup that day and cruised through the first set six two but the australian top seed for back in the second to take that six and it was a close affair in the decider before wozniacki converted have second match point to edge that seven five and lift the cup to her second title of the season and the twenty two year old could also break back into the world's top ten should she win the tournament of champions which gets underway in bulgaria later. month. hasn't
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claimed a title since her victory at the usa last year. were both prove very well and some have such a good for her them sly's i'm sure she has some. different things to serve the other players star and you know the serve place more men's kind of thomas which makes it difficult with the spin and everything but i was very pleased about there were handled everything out there. now it's a motor sport and done it but driver side has won a rain shortened malaysian grand prix to cut the gap to merge a g.p. lead a whole day lorenzo to twenty three points with just two races to go down full force the organizers to red flag the race after thirteen full laps but not before six riders including italy's andrea the physio so and cal crutchlow of great britain had all crashed out then lorenzo who'd started on paul not really avoided a crash on a tricky turn when already behind pedrosa so the race was called off and produce that was awarded all twenty five points behind the rider naturals lorenzo by twenty
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three with a total of fifty available in the two remaining outings while outgoing champion casey stoner completed the podium at the supreme sec it. to me love to go it is messed up but anyway i'm really really happy today it's my fear is there a winning in wit. and finally onto the ice where the reigning champions do not i must go remain top of the k h l alexander ovechkin and his teammates have won nine out of the last ten games but it wasn't i need to remember who shown at the last seven days so i sit back and enjoy the pick of the week.
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that's all this was news but. commission free accreditation free transport charges free maintenance free risk free studio time free. download free broadcast quality video for your media projects and free media and on the r.t.e. dot com. culture is that so much of an oldish musician trying to market turkey and its road ahead a little over a year ago turkey was being hailed as the new leader in model for the muslim world
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among many turks the. gold fever. turns out his hands into slaves. my father but also among other involved in the monsoon and since i started working in amman i studied a look at. his multinationals. make it a cash cow to be milked dry and if i think that in this country gold medal logie as an environmental cost which is unacceptable to local business was labelled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. most almost that we are forced to pay protection to illegal groups watch for prices colombia going to pay. the modest effect on r.t.
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. it is easy to it's. easy to. see. it all sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew. welcome to the big picture.
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it was the strangest attempt of a military takeover of. the us president trying to overthrow a foreign country's government but his strategic game was lost. and america recognized its defeat. questioning if cuba managed to cope with its victory all going to be. a i live in the raj live via the cuban missile crisis games and reality and all the. wealthy british. markets why not. find out what's really happening to the global economy.

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