political elites really has sworn to defend it whatever the costs and the car 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 but 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 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 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 a 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 expensive very 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 they said that cutting 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 p. 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 money there's 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 euro zone into another and so on and the southern so on but that's not really working that will not work for political reasons you cannot split france and germany event 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 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 for 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 greece 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 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 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 this.

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 and they mean there is this guilt complex we can say it openly still from world war two and we believe if we just give our 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 use them to create a stronger europe but i doubt that would 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 interesting 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 and i just clarify that 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 against certain 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 in basically exacerbating and prolonged prolonging 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 mrs

merkel in that case is very much listening to the other countries at some point in 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 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 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 of 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 french tunde has to work it's a difficult on 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 that have to be done but without french german cooperation on this it will not happen just one last question in the past you 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 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 of the yet. looking to the future their doctor or the pleasure to speak to thank you very much margaret.

in the glow of rushes north from away from civilization in a three hour helicopter treat from the nearest village. they still going family have been living here for a long time in tents made of reindeer skins. but. lodging runs in a signal and then it's they also grew up in the to draw but left it at the age of six and never returned they now live in the city in apartment building but still room and they are regions.

can i was not in here as a dancing teacher. was. still his tenses he tells us stories about his mother land. laws in europe to now has a one thousand strong reindeer had when the enemy only saw the lichen and marks around who it is gather the tens and move to another pole sure they travel hundreds of kilometers in winter women and children for them. but the two families have less of a chance to come across each other they belong to different worlds even though there's sometimes a similar. passage

that the phone watches show every single day. and waiting for you to stumble. i saw a man with a video camera so i moved over and he followed me some of them we realized they were following everyone from early in the morning. was. the only chance to get rid of him. is to reveal him. the devil operation on our t.v. .

breaking news this hour here on r t a large number of casualties reported in a car bomb attack in the southern district of the syrian capital damascus this despite the agreed four day truce between rebels and the government for the muslim holiday of. forward motion areas fighting alongside libyan forces have supported during the ongoing assault on

a former khadafi stronghold we've got first hand accounts from bani walid. one year after the e.u. hailed the measures to tackle its debt crisis the books financial turmoil is only worsening with greece failing to deal with this deficit and spain getting record unemployment. i mean look at how the upcoming presidential election in the u.s. could determine an attack on iran action that america's ally israel is increasingly pressing for. and you know neal joining us here good to see you are the army man's quest to dominate european boscobel once again has started with a problem it certainly has you know for years they heard dominated as you said in europe the euro league but last year really they lost by a point a cruel cruel way to lose to go on but i tell you what they're three you know so far we've got the story of game three in just a sec. this

is sports today let's get to it because it's a busy day. marching on. three for three in the early following yet another eye catching performance from the army man. california dreaming san francisco move halfway towards one of the biggest prizes in the world series following a second successive victory over detroit's. defending moto g.p. champion casey stoner dominates practice at his home grand prix is he sixty six straight in when. basketball is where we begin the news that c.s.k. moscow remain undefeated in the euro league the russian champions. here in the russian capital and yet again former n.b.a. star sonny weems was central to the cause. as more. kids came into the game seeking their first win in group d.

but they faced an uphill battle to take you know see is called who yet to taste defeat braze got on the board first but it was the home side that led twenty four twenty at the end of the first quarter it was a tight game throughout the sick and thirty. five points by teddy gibson allowed the german champs to take a fifty three fifty one edge at the end of the third quarter then back to back cost and gave bros a sixty three sixty one lead with less than seven minutes remaining however it was short lived a serious car buckle down in defense encroached on and went on a thirteen to zero run the put the hosts in control and pave the way to a seventy six sixty nine victory. that's the best thing right there you know when you learn a top scorer on the north sunny we contributed seventeen points to the win and

believes the toughest games a year to come right now we just get enough talent you know we can't get out you know every game we have to think you know. we played like the boston on the best of times you know to be argo's those and we had to come together and you know i think we need to hurry up to do that so three out of three for the russian champion so as they look to improve further ahead of their trip. to face group rivals been on november the second. most t.v. . ok let's head across the atlantic or san francisco for and waiting around in the battle for baseball's biggest prize the giants are two zero up in the world series and contact with detroit the opening clash between the sides of the california squad wreak havoc on the tigers defense winning it three to thursday's game was all about defense a patient display by the hosts the shine's not getting on the scoresheet of the list seventh inning with bases loaded greger goes bolts was intended just to

advance rush but instead became a base hits one zero not believe will be doubled in the next inning from getting on the board again through hunter pence as bases loaded sacrifice fly so to nothing giants so it ended up playing moved to detroit for the first time for supper race much. struck you go out there to win every game if you do that you do it and right where you see where you are when it's all over. to you go out there and play hard for nine innings to tennis and the season ending w.e.t.a. championships in istanbul where maria sharapova is currently seeking to make a clean sweep of wins in the group stages the russian is already into the semifinals us winner of the white course being but she'll be keen to try. ranking points against world number nine. no messing around today thus far the need of coasting to

a six zero first set win with the score in the second no one apiece those ranking points are important. to end the year as world number one. try to williams is ready for to the semifinals as well the american beating world number one victoria unser ranked it just for good measure on thursday evening six four six games before the final score it is williams' night straight win over that. i let's talk all force winds petter henson are secure the halfway lead at the b.m.w. masters taking place in shanghai the world number twenty five holes a two shot advantage after firing a round of sixty four fourteen under par in total the swede didn't exactly start the day in the most blistering fashion as though carving a bogey at the first before recovering to pick up a series of shots five bernese on the front nine and then four in the weekend constance compatriot former carlsen also in the running for a sizeable slice of the seven million u.s.

dollars prize fund he could boast a bogey free round of sixty four to move to a nine under par total overall third spot qualities were number one in the fading champion remarkable roy he set second our first solo draw and sixty five on friday . the man to be the world number one and you know what it's called because it's very wide and it's very long and you know the way he hits the ball is he will be a tough guy to meet no need to bring out you know everything at least make the next couple of days to keep up with him over in malaysia who holds a two stroke lead after two days of competition at the cia and the classic in kuala lumpur the american birding eight efforts on the day to shoot a seven under sixty four kruger all of south africa lies second twelve under healy hoping to make up those two shots on the leader during saturday's round three. greg charmers troy madison are in fourth place while we're number two tiger woods part of the four hundred sixty seven to sit nine under for the tournament i tried fifth

alongside fellow us players kevin and brendan. just to motor sport where it's been another successful homecoming so far for casey stoner on the moto g.p. circuit the reigning champion fastest during free practice at the australian grand prix it is stoner last one race before retiring at the end of the season and he set the pace on the four point five kilometer for the island track. twenty seven rules the sole writer to break in minute thirty seconds don under his repsol honda team it only to do so with his next page says that's the last almost nine tenths of a second stoner current championship leader jorge lorenzo was third fastest with a lot of time just outside one minute thirty seconds it's still there though who has won the australian g.p. for the past five years. and we still have those issues but nowhere near as bad a chatter in. you know we're able to to ride the reason the norm you know the

circuit sort of deteriorating a little bit from last year and i'm sure causing issues for everybody but you know in general we found a pretty good pace here and it's nice to ride around here with a thousand again you know just have that actually horsepower in and you know some places to use it is a little from finally some very sad news from the world of boxing world famous trainer manual steward has died in a chicago hospital the age of sixty eight though the cause of death has not been disclosed this year stuart hart undergone stomach surgery a few weeks ago the international boxing hall of famer initially made his name in training former heavyweight world champion thomas hearns the first man to win world titles in four divisions to work with numerous other legends of the squared circling looting of under holyfield also could do a lawyer lennox lewis on current heavyweight champ flooding near klitschko and is widely regarded as one of boxing its greatest ever. and after. all the sport in just under two hours time.

magine assets that the temple watches show every single move. and waiting for you to stumble. i saw a man with a video camera so i moved over and he phoned me. you know we realized that we're following everyone from early in the morning. the only chance to get rid of him. is to reveal him. me devil operation on archie.

what will change when america picks its president amid muslim rage walking the iran tight rope pushing china and russia as occupy anger spreads the two parties still dictate will there be change the selection of clothes guided everything today to november fifth all artsy. over a decade up north almost terrorist attack. ex hostages blunders into their lives after the tragedy. still gives try to cross out the past. because their future will yet be written.

it won't come to the future chris so are cowards this month to moon is the center of our universe the tides are forever while the sun's rays can be fickle innovative construction methods last cost as well as environmental damage brand new turbines boost efficiency with a simplified design and who needs batteries blakes can store energy discover a new era of clean power driven by the moon technology i'm getting here on launch chief we've got the future covered.

lines. which brightened. soon from phones to impressions. screens down totty dot com. wealthy british style. markets why not. find out what's really happening to the global economy with max conjure for a no holds barred look at the global financial headlines tune into cars a report on. you know how sometimes you see a story and it seems so. for langley 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. please. me it's easy easy easy easy easy easy easy. easy a little easy to. seclude.