live from moscow with me to day let's take a look at this week's the week investigators into the boston marathon bombings are trying to figure out what triggered two young suspects into carrying out the worst uist a u.s. terror attack since nine eleven that's and i have a brothers who would spend around have been lives are living in the u.s. are believed to have carried out monday's twin explosions which killed three and wounded more than one hundred days later they were traced and a fierce manhunt a saw one brother did and the other critically wounded he's now under armed guard and associates looks back at the week which kept boston in fear. mayhem took place here at an area still cordoned off at a sporting event that attracted tens of thousands of participants and thousands of spectators from all over the world two bombs went off just seconds apart from each other at the finish line of the boston marathon the explosions were so strong that the. tops ripping off people's lives leaving three people dead and over

a hundred and seventy five people injured despite all of the money the united states spends on security it was a surveillance camera of a department store that helped pinpoint the two brothers behind the tragedy several memorials like this one have been set up throughout the city of boston to remember the victims of the three people who died including an eight year old boy and two young women a twenty nine and twenty three year old over a dozen victims remained in critical condition for several days many of them needing follow up surgeries despite having between the two suspects lived in an apartment on the third floor of this building in cam bridge now they came to the united states the two brothers of chechen origin back in two thousand and two the younger brother joe hart became a naturalized citizen on september eleventh last year the older brother had a green card dreamt of joining the united states olympics boxing team to get a passport all of the people who knew them were shocked to find out that they're the suspects in the bombings but law enforcement officials are saying that they had

indications from the russian government to look into the identity of the older brother to milan they did in fact bring him in for questioning back in two thousand and eleven to try to establish any possible links to extremist groups at this time the remove the older brother and of course now following the days after the bombings at the finishing line of the boston marathon law enforcement yet again tried to establish any possible links the brothers might have had with extremist groups after monday's bombings late on thursday afternoon the f.b.i. finally released photos of the two suspects the ended up coming out of their. fighting killing an mit officer hijacking a car releasing the person to whom that car belonged and got in a car chase with police the police officers said that the two brothers were throwing explosive devices out of their car and shooting over a dozen police officers were wounded as a result eventually the older brother twenty six year old to milan got out of the car to continue the shootout with the police officers the younger brother stayed in

the car ended up running over his older brother getting a win the car which he eventually abandoned and was able to get away on foot in the meantime police officers captured to marilyn and took him to this hospital in boston suffering multiple injuries this is where he died shortly after one thirty am on friday morning and then president a manhunt for joe hart continued for over twenty hours involving thousands and thousands of federal and local law enforcement officers were currently in watertown just several minutes outside of boston now law enforcement officials have established a perimeter in this area going from door to door trying to locate just harz whereabouts where they ended up with finding him was just a block away from the area they were searching he was hiding out in one of the houses in this area in a dry docked boat a local neighbor in the person living in this area saw

a blood trail and led police to the area where just car was hiding now a helicopter off the officials was also able using heat signature technology to locate joe hart hiding out in this boat even though he was covering himself up now it's important to note that a two hour standoff and shootout between police and the heart continued eventually we know that there was negotiating attempts because the officials were very interested in getting him alive eventually they were able to arrest him take him into custody following his arrest your heart was taken to. the same hospital where his brother died also suffering severe injuries he's undergoing medical treatment under heavy security and officials are saying that the legal proceedings against him will begin as soon as he's able to communicate after a week filled with tragedy shock fear and a mass lockdown the city of boston has breathed out a sigh of relief that locals want to see justice and find out the motives behind

the terror rocks that made so many question the illusion of safety they have been living under mr r.t. massachusetts. police now have to answer whether the brothers willing to an extremist group headed by russia's most wanted man the church an islamist militant to do gomar of the suspects family claim they have been under f.b.i. surveillance for the past five years and refused to believe the young men carried out the atrocity are actually traveled to the north caucasus where the brothers parents now live to learn more about their background. that middle and sad and naive and amateur boxer who dreamt of representing his adopted country the united states he claimed to have no american friends but married a local woman katherine and they shared a daughter by contrast his younger brother john had a period well adjusted popular in high school and even won a college scholarship yet sadly they were revealed as the main suspects in the

boston marathon bombings their father was the first to step up to claim his two boys were set up i'm confident in my children's innocence i'm not sure what happened only god knows no one in the household ever any weapons i think my children may have been framed their mothers to be duds shared her biggest suspicion telling r.c. that her family was under constant afb e.i. surveillance raising the question why her sons were not stopped if they were supposedly planning terrorists and how nobody talked about the caribbean my son printed on or got involved in the reagan years ago he was told by a b i like by five he knew that they knew what my. what action and what. we were going how could this happen how could they they were conjoined

we. never ever had this is not my two sons are in front athletically chechen that same night family first moved from kyrgyzstan to. the republican russia's north caucasus this is the house where the brothers parents live but now there is no one here it's not a nice family a voicing any contact with the media neighbors here are in deep shock at the news in does believe that any of this happening to the saturn i have family i know the brothers very well from the childhood we used to live in chechnya together i was the neighbor. then we moved here i know they couldn't have carried out the attack and they couldn't have been involved in it they spent most of their lives in the us studied works that they didn't have any links with the hobbyists and other militants the youngest brother jihad on his space have the social network spent back to mansion this school number one in my high school and one of those places where he used to study however here very few people remember that saddam lives

brothers. the family came to dagestan in september two thousand and one with the boys. then they apparently managed to get papers to leave duncan stone they left in less than a year they didn't spend a long time here and they didn't grow up. in search of a new line and new one vicious indeed every decade in the us to heart became an american citizen last year but in that time something or someone made the top of my brother's seemingly turn against the nation which gave them asylum and wish they'd spent the most significant part of their lives by jenna bush the artsy reporting from russia's dagestan republic so as nine eleven america's key national security policy has been to target terrorists abroad and to war activists brian baca believes or this reliance on the military to keep the country safe has backfired at home. since september eleventh the united states government has sent spent hundreds

of billions of dollars for government security agencies right now i'm sure as happened after september eleventh private security companies are salivating over the new contracts that are are soon to come of course there is a business there there's a there's profits and even mega profits made by this kind of security apparatus there is no indication that such an attack was coming so is it possible by the by by using military methods and security methods alone to stop terrorist attacks to protect society i don't think so we can see though that the u.s. policy at home and abroad as well is almost exclusively based on. towards the security towards militarization towards the abrogation of civil rights and civil liberties which i think ultimately don't defend protect and make people more secure. the revelation that the balsam bombings the suspects of chechen all

region has led to a quick shift in american attitudes towards the region. we have opinion on how the standard deal was up a trail of on chechen graves as freedom fighters change overnight to pick them now as for roche's minutes it's. the boston marathon attacks were not the only tragedy to hit the u.s. this week a powerful blast ripped through a small texas town on wednesday after a fertilizer plant called playa at least fourteen people lost their lives my so

them emergency responders and almost two hundred were injured. well you know i think i think you're here with a view of the explosion which is believed to have been an accident of flattened entire neighborhoods in the town of west leaving several schools and a nursing home in ruins a spokesman for the texas department of public safety was at the scene and described what he saw. i can tell you i was there i walked through the blast area search some houses earlier tonight massive just like iraq just like the murray building in oklahoma city same chrono exploded so you can imagine what kind of damage we're looking out there. that is this is believed to have been caused by an ammonia nitrate a potentially explosive that's sort of the pond in large quantities fears of a toxic leak and for the explosions led to a mass evacuation but now that people are returning to their homes they remade the

question mark over how the plan to slip through then that of safety inspections that's jeffrey pattison from the school of medicine that was constant university things federal regulations on protecting business interests at the cost of human life. there's been this montreaux that we have to deregulate we have to take away regulations so business trips right and obviously we see examples like this or fukushima for example where when we do that we suffer the consequences in the end and so i think and we're seeing it with the environmental protection agency today where they are probably getting new regulations if there is another fukushima attributable to that world all of the clean up to being much more relaxed than it currently is and not force people to be moved out of the area because of radiation damage so there's this tremendous move. to to deregulate things to take away the

powers of the e.p.a. and other regulatory agencies and i think it's a we're seeing now that that's a very dangerous precedent. in israel mall troubles of being stirred up as israeli police paraded hang tough in a judge in front of an angry palestinian crowd saying they just want to calm the protesters down the details just to heat.

the movie about international and war in the very heart of moscow. welcome back you're watching r.t. nicolas maduro has taken the reins of power in one of the world's most all of which

nations he was sworn in as venezuela's president on friday but it's not as rough stock for the u. prodigy of the late hugo chavez as his narrow victory prompted to proceed election violence that led to seven p. . well did the government blames of the opposition for instigating the clashes which erupted when thousands of supporters up and make up brianna's who's contesting madras victory took to the streets they demanded a total vote recount and the country's top electoral body finally agreed to a potshot audit a caution that the poll results are irreversible dr william robinson professor of sociology at the university of california says the protests might be part of an ongoing effort to destabilize the situation in venezuela. this is not a new tactic on the part of washington another type of the. not a new tactic on the part of the new of the venezuelan opposition and generally the far right in america which aligns with washington the idea is you have an all out to stables and this civilization campaign this is simply another tactic within that

campaign there's been diplomatic isolation economic sabotage our military activity the agenda put it in two thousand and two the massive us financing for the internal opposition including for property rights and for the organizations that he represents and so we see this very often when there's all the action which is very close and when the united states wants to get rid of a government in this case then the do the job is to do a government around an election it will launch violence and trying create chaos and instability and the united states will not recognize the result and this is the at least of this is an incredible the focusing on the part of u.s. foreign policy because mexico just had elections in which there was less of a fool because mexico is a close ally of the united states it's the u.s. immediately work recognizes the results only remove the charges by opposition to destroy the researchers no moral authority whatsoever to talk about the going to sort of them elections even if the virtual auditors does come from a juror's victory the newly elected president will have trouble maintaining his

predecessor's popularity that's an american scholar miguel tinker salas told us about some of the challenges. i think it tells us that there are real problems in venezuela and that model will have a very short period in which he has to begin to address these issues or will have will have a confronting a crisis within his own party and among his own supporters he has to address head on the question of prying the question of inflation the question of infrastructure eliezer real issues that affect real venezuelans and although they felt the pain for a job is a significant number also now begin to criticize and to see them need to actually carry through and implement change i think we're going to see a continuation of venezuelans foreign policy i think there's a difference between criticizing us and being anti american i think will see a promotion of latin american policy the promotion of a multi-polar world that is the u.s. is not the dominant issue on their agenda they have relations with russia with

china with europe with that with latin american countries and we'll see i think a continuity within that that's been part of the strength promoted by the chavez administration and my little boy who should recall was the foreign minister in charge of chalices foreign policy so i very much see continuity during this period . and we've got more analysis on what the pros chavez landscape in venezuela could look like on r.t.e. dot com and don't miss out on the invision section they way you'll find dramatic pictures from the recent protests that along with plenty of other stories waiting for you online while you all mine also will fly stuff then fundamentalism take a look at how saudi arabia treats jailed al qaida extremists who spot rather than a cell are to duck home explain why the government is more in tune hampering the imprisoning terrorists.

formula one's bahrain grand prix is underway with clashes against the race are taking place just hours before it began there have been mass protests in the days leading up to the event and activists angry that their lead sports is being used to mask the gulf kingdom's grave human rights abuses rallies for democratic reforms have been ongoing for over two years often turning violent with more than seventy people killed on both sides a crackdown even a sense you writing on twitter with the country's most famous human rights activism the bill behind bars for policing anti-government messages are just poor boy reports now on his struggle. not long before his imprisonment bahrain's most famous human rights campaigner was in london talking to another prominent activist and

whistleblower julian a sandwich so we came here to london's ecuadorian embassy which the wiki leaks founder has been calling home for some ten months now in order to have a chance about the man at the forefront of bahrain's pro-democracy struggle i began by asking assigns why he was so keen to invite me to be over a job for an interview on his exclusive r.t. show brit has one hundred thousand people. it has one hundred fifty thousand twitter followers prize predominantly all the population of earth. sincere to receive a number of activists in a brain spring two thousand what have you read job. trying to present to the brains of human rights was the most prominent voice for the brain it's pretty speaking to julian assange over job was unequivocal about his determination to fight for democracy in bahrain if you have

a goal and if you believed you did just. because you wanted your. difficulties and you know that the changes that you were fighting for it's being good four hundred years is not an easy thing to change. those changes you have to be willing to pay a price and my that price might be your life for to be over a job that price has become is freedom three months after that interview was that he was sentenced to three years behind bars but according to a staunch keeping him in prison on the current charges is going to be increasingly difficult for the bahraini government. cartoonish form of despotism he did not resign to the same standard criticizing us or it's hard for the people with that much courage who can. become to be cowards so i think it's long term prospects

accorded good amnesty international have labeled him a prisoner of conscience but unless the international community wakes up to abuses in bahrain there's little hope that maybe over jobs going to be tasting freedom any time soon. see london's ecuadorian embassy. so you'd be a leading figure in bahrain's a freedom movement describes what's going on in the kingdom during the formula one race as turmoil. if you wish it was very odd hundred. and three schools have been around two hundred people have been in the process. so if you want to call. if you are trying but in reality it is not. required at all. and people are really angry about all the. why the leaders of the pollution behind bars.

not much better at africa in the seventy's and eighty's when it was going to go to . them an. israeli police are being accused of using a hanker after palestinian teenager as a human shield it's after a video emerged depicting how they paraded they used to an angry crowd supposedly in an attempt to calm the protesters a middle east correspondent policy here reports. on friday israeli police paraded those handcuffed palestinian the youth during protests that were taking place in the palestinian neighborhood of abu dis which is on the outskirts of east jerusalem human rights groups have accused the army of using the child as a human shield defense for children international palestine has posted a video on you tube that shows helmeted is raided border policeman removing this

young palestinian who is identified as mohammad asif interior from the army jeep and forcing him to stand both sides them with handcuffed hands raised above his head human rights groups have released a statement saying that they're outraged that israeli soldiers continue to use palestinian children in this way as human shields with impunity the claim is that the teen was deliberately exposed to danger after he had been taken into custody and the israeli army spokesperson however has said that the move was to calm the violence especially after four hundred palestinian protesters attacked an israeli border police vehicle for almost four hours earlier this week palestinians mock the annual palestinian prisoners day and this was possibly the palestinian national council back in one thousand nine hundred ninety four as a means of consolidating efforts to support palestinian prisoners who are currently being held in israeli jails on wednesday about three thousand palestinian prisoners refuse they food this is in solidarity with the event at the same time activists

told on fifty meters of a prison thinset off that prison which is on the outskirts of ramallah in the west bank where they mounted a palestinian flag and this forced the i.d.f. as well as israeli border police to use why it control measures to disperse the group also in gaza hundreds of people marched from gaza city to the offices of the international committee of the red cross the palestinian authority has saved and urgently to the european union foreign policy chief catherine ashton calling for a prompt intervention to save the life of prisoners in israeli. generals who are currently conducting a hunger strike the most notable among them is a prison or something or other is sol we who has been striking for some three hundred days there are four thousand nine hundred palestinians who are currently held in israeli jails hundred sixty eight of them are under administrative detention without charge or trial. greece could get a quick us shots of the elephants crippled economy has reportedly the prospect of

an early arrival of bailout billions is having little effect on surging unemployment. and off the lights that's and many more in a couple of. iraqi cardiologist dr omar our claims that the war in iraq destroyed iraq's environment even worse than dropping the bomb on hiroshima did dr e.c. puts the data that the number of breast cancer cases has grown in the country from fifteen to thirty times cases of congenital heart disease have become fifteen times more frequent case of leukemia have increased thirty fold the doctor puts the blame on the weapons used in the one thousand nine hundred one and two thousand and three invasions of iraq it which nato forces used white phosphorus depleted uranium rounds and other toxic gases and poison of substances human rights watch and the

world health organization have measured radiation levels in iraq and consider many places in iraq even some very far from the fighting to be contaminated naturally radiation is not racist and foreign soldiers in iraq are not immune usa today even published research results that found that depleted uranium was indeed in the lungs and other organs of navy vets who filed for health compensation claims yet you know saddam hussein seemed like a pretty bad guy but there are always ways to get around the confines of a dictatorship but there is no way to escape from radiation it is truly a new president so one of the divisions of iraq is good for the iraqis well it doesn't seem to be doing too good for their physical health but that's just my opinion.

choose your language call it a killer though if they sell some of the. treatments that the consensus get to. choose the opinions that invigorating to. choose the stories that entire life truths be access to often. to some. thanks for staying with us iraqis have cost the balance in the countries for us food since u.s. combat troops pulled out last saturday's provincial election was marred by violence with bombs and mortar shells exploding near polling stations injuring dozens the national city of place against a backdrop of anti-government protests raging in sunni dominated offices of voting

was postponed allegedly due to security concerns the new local authorities will have to cope with a country deeply divided along religious and ethnic lines and in the grip of fierce competition for its reach of oil reserves are choosing cavanagh has more on that. they call them those who face death gone once guerrilla rebels fighting saddam for an independent kurdistan now an officially sanctioned force in iraq's semi autonomous kurdish region the peshmerga and the iraqi troops are supposed to be on the same side after all they're citizens of one country but for more than a year now here in northern iraq the two armies have been pitted against each other their weapons locked and loaded these peshmerga soldiers are on alert twenty four hours a day they're guarding the kurdish front line of the so-called disputed territory now no iraq as soldiers are allowed beyond this point if either army advances if there's even a single misfire it could spark

a new war we have enough forces in place and enough firepower for the peshmerga to defend against any surprises if for attacks of course we will retaliate with them over at the heart of the disputed territory is cure kuku which both baghdad and the kurds say belongs to them but. it is like a small version of iraq with sunni shia christians arabs and kurds its disputed because all the sexy but of course the other reason is kooks oil. the oil fires illustrate the main reason that this land is so hotly contested here kuka sitting on an estimated ten billion barrels of oil and is responsible for a large chunk of iraq's current output that's enough to sustain an independent state should the kurds get their way and alex this disputed territory it's also enough to bankrupt iraq if the oil revenue is lost. that revenue makes up ninety five percent of iraq's annual budget of more than one hundred billion dollars and

there's a lot more money at stake the international energy agency says iraq could export a staggering five trillion dollars worth of oil over the next two decades the kurds and the central government are supposed to share these profits but they haven't been able to sort out how or oil has transformed kurdistan into a boom town in the capital overbill construction projects dot the landscape there are luxury malls and foreign investors are flocking here the region looks and feels like a different country and for the kurds that may be the ultimate goal but for now this is one iraq divided into two. r.t. reporting from the disputed territories in iraq that's not take a look at some other world news of the sunday the number of deaths in the majors the massive and quake that hit china's sichuan province has now reached two hundred and three with over eleven thousand more injured rescue operation is being hampered by traffic gridlock and off the shelves from saturday's six point six magnitude quake the disaster that struck the same region in two thousand and eight claimed

nearly seventy thousand lives. thousands of people besieged in new delhi's abilities head coaches will a second day over the rape and torture of a five year old girl suspects being arrested but the company officials will failing to immediately investigate when the child was reported missing the incident is the latest in the string of violence against women to emerge in india since a brutal gang rape of a. student on a bus last december. greece said could you receive a trans fair of three point two billion euros from his rescue aid package earlier than expected money is a part of a mere nine billion euro bailout deal which athens agreed to with its international lenders this week a cost increase is that it has just left over of all thousand public sector jobs before the end of the year even as the lending troika pumps more money into athens the country's industrial backbone is still on the slide as time button's been

finding out. cobwebs outside rain falls on the still and silent bits attackers plastic piping from tree infest lawmaking northern greece inside the machines have been unused since banks stopped investing and the owner of your boss puts attackers fled in two thousand and ten one of his workers also be your boss did meet here just want softer that he and ninety five other staff seven million euros in wages at the after should talk i had to force myself to leave so i wouldn't hurt him workers see that they are being made to bear the cost of greece's economic woes this is the story and of course the. pain is. very unequal across industrial northern greece the story is repeated this fertilizer factory used to be a center of northern greek industry nowadays though by economics fair or foul it's

a ghost factory and the only fertilizer coming in here is imported from elsewhere in europe it produced specialised fertilizers until one day the workers were called together and told by the owners that the know how for their products had been sold off and that operations would be stopped they are all. it's criminal but a profitable industry will shut down an industry that produced high quality material that we will the. workers now see the cruel irony that since the factories closing fertilizer prices have tripled but it's a wider fear that one skilled workforce is a laid off it's all too hard to bring them back. the unemployment rate here is thirty percent or by the years and it could be over thirty eight with no fission policy the situation is out of control yes he said he them other workers across northern greece are desperate desperate to keep their jobs to get back into jobs

and to be paid for their work to martin. in the u.s. a cyber security bill allowing corporations to shake customers personal data with the government has been passed by the house of representatives as despite a veto threat or from the white house the plans are supposedly aimed at tackling cyber terrorism but as underplay group or they're raising deep privacy concerns. aides for the white house actually said that we will recommend the president veto this legislation for sharing protection act it's come under a lot of criticism by its opponents because they say that it does more than what the authors say it does now the authors of cispa they say that this bill will lead to businesses private companies google facebook and many internet provider these companies will be encouraged to share information with the federal government that will be used to track down and monitor and curb cyber attacks aimed at the united

states computers critics say that it puts too much of americans privacy at risk and that the right safeguards aren't there so in turn people would be separate facing their privacy for a little bit of security when the bill was introduced back in february i believe one of the areas for the second time representative or one of the authors of the bill he said you know we can't have another nine eleven we can't have another terrorist attack it but if we do we will pass any law that needs to happen sure enough another congressman actually got up and said well look what happened in boston these were bombs sure they weren't digital bombs but the next ones will be digital bombs so we need to come together for the sake of national security and do something and that's exactly why a lot of people have problems with this bill because the people who are touting it the people who are writing it are people that don't really understand the cyber security concerns and there's a lot of concern over who is coming up with this bill who is supporting it saying that you know boston would be reason enough to pass a cyber security bill is laughable to many people. and he again has been taking

a look at some of the anti obviously measures already adopted by the u.s. government in the name of national security. terrorists don't have policies they just have sick minds but the response to their heinous acts governments adopt policies nine eleven was followed not just by two long wars but also by a series of changes in the us law are sharing in an era where words liberty privacy due process have adopted many many footnotes the patriot act which gave sweeping powers to the government was branded in such a way as to say as a patriot you have to give up certain rights that had been previously guaranteed by the law among many provisions in the act it introduced roving wiretaps where you can be caught. in a phone sweep without a specific warrant the so-called library profession where the state can monitor your reading habits if any you have no connection to terrorism and national security letters a tool used instead of warrants whereby the f.b.i. can spy on you when the service provider has to share your private information

can't tell you about it provisions that require banks to report your financial activities to federal agents well civil rights advocates say the public sentiment a familiar argument i have nothing to hide so we shouldn't concern me over the years it has contributed to the erosion of rights many of the patriot act provisions have been passed and repassed over and over again and they still stand then the new national defense authorization act contains a provision which allows for indefinite detention without due process at the discretion of the president the statute has no temporal or geographic limitations and can be huge by future presidents to militarily detain people captured far from any battlefield experts say with laws like this once they're adopted they're very difficult to reverse as far as u.s. actions overseas part of the nation's response to terror policies like torture or drone strikes which target. as suspects but also kill civilians overseas terrorism

draws strength from the adoption of extra legal violence as a counter measure but it's yet unclear how much security people draw from giving up their rights in washington i'm going to shake them. up next artie's and as the speak so with the rushes of former long serving finance minister in the interview in just a moment. i .

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teton tom. international airport in the very heart of moscow. r t is sitting down with russia's former finance minister alexei kudrin thank you very much for joining us today now my first question is the peak of the crisis in

cyprus seems to be over and it certainly underscored a huge number of problems in the european union from the instability in the euro zone to the sort of tough approach that we've seen the regulators take when it comes to trying to solve financial crisis there did you for you this crisis was it unexpected. and you should missed it was the severity of the crisis that was unexpected i mean i had assumed the banks may have trouble getting capitalized but as you know these problems started once the greek debt was written off and cypriot banks suffered more from that than anyone else i had assumed that in such an event the european union should be expected to assist cyprus with everything it could do in order to mitigate the fallout from writing down the greek debt after all the write down was a collective decision taken by the e.u. but it did come as something of a surprise when the e.u. declined to bail out cyprus to the extent that it had earlier rescued greece i believe this course of action was not entirely consistent and that is why i said

that the european union was fully responsible for the state of the cypriot banking system considering that cyprus is part of the union and of the eurozone i've also argued that there might be a spillover effect from cyprus to the banking systems of e.u. neighbor states i don't believe the crisis is over but far from that it's presently at its peak and we don't know where it will eventually get us its outcome may prove to be better than expected or it could be worse cyprus has not yet allowed depositors' to withdraw their money from cypriot banks especially from the biggest ones such as the bank of cyprus so far there is no way of telling what those depositors and investors will do will they all decide to pull out their money and walk or will some of them choose to stay so the outcome is so far on clear so if it happens to be worse than everyone is expecting it will do. magically the situation for europe southern economies you know other words we cannot be certain that the crisis will not spill over onto other countries right now there's

a debate going on in terms of which countries are going to be next to be hit luxembourg spain italy what's your projection. it is difficult for me to say slovenia maybe having it hardest at the moment but at least a crisis there would be relatively easy to contain some other countries it would be far harder to deal with that is why everybody is more concerned about portugal spain and italy these economies are presently in a tight spot and they're also getting more support than others as the european central bank is committing the bulk of its resources to bailing out these three countries however this support may prove to be ill timed or coma at a high cost if we can say that economies are both great and small are still facing risks do you think it's appropriate to talk about a certain hypocrisy when it comes to the european union considering they're fighting off shores right now yet have territories such as cyprus and british virgin islands. it does have

a touch of double standard policy about if those nations have an opportunity for shutting down those offshore havens they certainly should have done so. who do you think is primarily responsible for the fact that offshore schemes are being conducted right in front of the regulators eyes do you think it's the regulators themselves the banks. the media the scale and scope of the two thousand and seven two thousand a crisis in the context of a globalized world was impossible to predict the magnitude of the crisis took everyone by surprise the crisis has taken its toll on every economy the u.s. is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries had anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that.