tv [untitled] October 21, 2012 8:30pm-9:00pm EDT
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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 where 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 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 ninety eight ninety eight in a lecture at boston university the euro will create artificial wombs 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 to rectify that by. by saving by public by by cutting down public deficit which will not work in the
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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 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 of flexibility and stability it was a stable system but you couldn't just 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
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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
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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 that 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 greece should leave rather today. and not tomorrow because it's really clear the policies are not working we're really having
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the austerity program which puts the country deeper into difficulty is the g.d.p. is shrinking people are suffering the only people 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 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 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 stay solidary they should give. measured aid they should give support project the.
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should supports a bang 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 fear by supporting an
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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 sense 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 i just clarify there by e.s.m. we mean the european stability mechanism not say
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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 eye. 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 as a result saving solving their problems. and the money flowing in 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
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december two thousand and three and sarkozy is said after the consummate response to leave it can leave we're prepared but there was a short 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
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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
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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 ing 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 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 read let it disintegrate so i predict
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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 doctor or a pleasure to speak to thank you very much margaret. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the clients could you just already spend three months in this hospital and plans to stay for another four to
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add the coveted seven santa maters to his stature invented by the famed soviet orthopedic is good for you is there a from the nine hundred fifty s. these frames were initially used to treat fractures in deformities by cutting bones and slowly pulling them up or therefore stimulating tissue regeneration it was out of was able to receive arms and legs and people who thought they were crippled for life be sent to the other patients shattered bones and in many cases their shattered lives with the main goal when professor of design his first brain using bicycle parts sixty years later he says invention is increasingly being used to help people quite eager to fracture their legs to become a few centimeters taller than the ultimate goal is still the same fixing somebodies lives both literally and figuratively about a third of patients admitted to the ways out of center nowadays seeking series three focus medical reasons most of them
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a man and most are not what you would call vertically challenged professor novick of who operated on many of them sas it usually comes down to man's pride some of the first patient to turn to us with a leg length i mean a quest to meet his fifteen centimeters to be still want to surgery because it's panos to than him we like to say that we need to break their legs in order to fix their head maybe nothing wrong with them from an orthopedic point of view. but there is something psychological that prevents him from living below is fully being happy and we fix it like lengthening surgeries a band in many countries and even the will out there pretty expensive in russia the entire course costs eleven thousand dollars about one tenth of the similar package in the united states financial considerations were one of the reasons that brought this washington state native to western siberia yet his main motive for the surgery had to do with how he fared in the others in america advertise his one seventy five
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i was one sixty seven or one sixty eight and so on eight centimeters would have brought me right to average if i just wanted to be average for women height isn't so important you know i think girl can be short and it's not a big deal i think a guy is like expected to be taller just before the operation most this matter a russian girl who found he's a regional hide quite endearing yet he still want to have had the surgery adding seven more centimeters to the self-confidence she took to told me the whole time you're crazy you're normal you're perfect. so now or so they call you so what a compliment for somebody who's used to falling short of his own expectations. will there be a war on iraq. for dismissal of fancy. stuff
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us election. to twenty second on our. ambulance sirens and gunfire rattled beirut as violent protests following the funeral of the slain security chief john into the night. a deadly blast rocked damascus as the u.n. peace envoy meets the syrian president to try to broker a truce in the war torn country. dozens killed as the former stronghold of moammar gadhafi sees another assault by pro-government militias a year after the western backed with the ball we spoke with a man whose family was trapped in the besieged city. sports up 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 a ten man remain to regain second spot after when it's i'm caught and state at the top sides keep up the pressure on leaders on in the russian premier league. while moscow epic caroline wozniacki try this in another three set barrison to overcome some studies are in the kremlin cup. and putting up dani pedrosa wins a rain shortened malaysian motor g.p. cut their enzymes out over all the eight to twenty three points with just two races to go. but first let's kick off with football it says skull back to within just two points of leaders and after winning two nil at home to ten man rubin to lead from back into second place in the russian premier league does go mistry can say do do and akhmed muso made up for his absence up front so chances came and went begging
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for the nigeria forward in the first half then with twenty minutes to go the feet forty twenty year old and got a penalty even marcano was the guilty man and sweden midfielder rashness el 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 eager to lever denko volatile as a muddy ceo's cross midway through the second half to end high flying to rec i wonder when it's on call it's the chance side picked up their second straight victory and finished the day thirty four points adrift of energy. elsewhere alexander coren was the hero for deny moscow as the russians strike. netted both goals in their two one win at second bottom mordovia the twenty one year old first beekeeper at the meeting about kumar to the far post just six
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minutes and how it is that early strike with council that of the loose long walk on the chin slotted home a controversial retaking the penalty the coffin i left. but according swiftly headed home across by jack down the dress huge challenges moved up to twelve to match the a point of the relegation zone. while those lucky my teeth and now winless in three matches after the rel way men were held to a goal the stuart struggling astafy haven't won in full. while on saturday leaders and came back to him to want to take him to ten rounds by attack 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 deneuve but it's a yellow card either side of the interval for kilcullen bought off the visitors with ted and the scene a try or equalized through the second home not so with a draw looking imminent and injury time free kick resulted in fine in surround the
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heading into his own that to ensure one two one and remain unbeaten in sixteen games will spot type one hundred this second straight district. one elsewhere double defending champions the need to fall following a one zero win a title to combine exam go to coffee netted from the penalty spot on the stroke of half time to claim his seven scholes of the campaign was in the press for more in the second hof but fifty million dollar man holt powerful free kick from long range went just wide what fellow record signing. the ball off to me twenty five points adrift of the design. and across the two places to ninth off the two goals in the last eighteen minutes gave the home side a two no victory over a long year. not even the first off the ball rebounded off the post and. the caller brought it home following a quarter to ensure the home side to all three point zero and yet remain two points
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clear of the drop zone. and in england the sunday december because of the late own goal meant sunderland snatched a one one draw against a ten man u. castle in the north east dalby hunk of i had opened early on but likewise then soon had to change the second tel while rock bottom q.p.r. also drew one one within for better to do also had steven pienaar dismissed on the hour junior for let's early made no rangers it was then counselled by keep their cheerios as our own goal. while on saturday substitute it in jacko scored a late brace's ten man manchester city snatched a two one win at west brom wayne rooney netted an own goal that 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 of the top after one second half double helped them win a thrilling london darby for two top men. in the second i.
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always feel a lot of confidence and momentum which we knew we had to write the brother you know the first time to see me that split the pot from that i think for the rest of to being very much a go to the if we wanted to impose a no show some women should do so for someone to go. 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 four 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 the. month. hasn't claimed a title since her victory at the usa last year. were both pro very well and some
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have such a good for her them sly's that she is she has some. different things to serve the other players star and you know the serve place more like 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 dr stackhouse 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 and where the physios so and cal crutchlow of great britain had all crashed out then lorenzo who started on pole narraway avoided a crash on a tricky turn when already behind pedrosa so the race was called off and drive so it was awarded all twenty five points the honda rider now trails lorenzo by twenty three with a total of fifty available in the two remaining outings while at going champion
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pace he stoner completed the podium at the supreme sec it. to me love to go to baseball still but anyway i'm really really happy today it's my spirit is there a winning in with. 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 murmur you sean at the last seven days so sit back and enjoy the pick of the week.
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and that's all this was news but. 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 realize that everything you thought you knew you don't know i'm charging welcome to the big picture. the admission is. going to take three years for judges. arrangement three. three stooges free.
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the old free blog morning video for your media project a free media dog r.t. dot com you. will there be more on the rise. for the business of the feds offensive. stuff u.s. election close to twenty seconds long. block nuclear fashionable heights inside the. radioactive fallout old government betrayal of the government of law and claude and claude and claude how can the truth be revealed if there's no official evidence there was indeed a very bright danger to the service make
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a search who were given no problem protection and to the people of this country generally because all the right deal like the full. the secrets of the u.k.'s nuclear tests exposed. culture is that so much different and there's a huge musician the person behind the mark left turkey and in strode ahead a little over a year ago turkey was being hailed as the new leader in model for the muslim world on many turks the. eve to. meet.
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