it would have a cost in terms of little ones and social benefits for the people living in the area you've been watching weekly here and i'll tell you coming off after the break it is all business round up in venture capital this is. one of the new poll shows harmony what should be a community college face just like you know. pleasure to have you with us here on r t today i'm wrong researcher.

dramas the truth be ignored. stories others refuse to notice. faces change the world writes never. so picture of today's. politicians from around the globe. look to. thank you. it would only for the better. but the great. success.

that will confront you got to watch this week of course to you as drama continues to play out the soap opera this talk concentrates on all the facts on the show you've been inundated with maybe perhaps all the sick of it also going to get across it and talk about the process and rolled out and that is of course which looks like it's ready to stand in the you. according to you prime minister edna kennedy i will become the first year as an country to exit international bailout mr kenney's said that the era of the bailouts will be no more all off to announcing plans to withdraw from the i.m.f. you support by the end of this year although mr kennedy did warn that the country's financial troubles on. so just to remind you back in twenty ten ireland was forced

to take an eighty five billion euro bad out of the country's biggest banks collapse befalls forward to twenty thirty and it's not just our men's league that is optimistic but in july ratings agencies downs and pools upgraded islands credit outlook from stable to positive because the country's debts were forming faster than expected so there is a my mother says right now while with irish economy david mcwilliams interrupted him. so david good news for my own bed. well it started too soon arctic the good thing not least because i was a team b. and i am a e.u. troika bailout is regarded by the state or at least of our ties and marketed by the states as being the sort of end of the crisis but. we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout is only you only

end up paying hedge funds by borrowing from pension funds because it means in proper english and clear english so my my sense is that what we have is a situation whereby in the last three years the irish government how does the opportunity to change the growth potential of the country to address some internal problems that we have with respect to gives and vested interests a trade union movements but ultimately did nothing so you know. to to repeat that great expression the irish establishment never misses an opportunity to miss an opportunity and here's been one and so what we go we go back and issue bonds to. pension phones and to investors in london but it's hardly a sign of success what would you say that about the island on the face of it looks to be in a much better stick to a send than the likes of political cyprus greece would say so what's ireland doing

i mean it's a very very different economy to portugal or cyprus are greece in the sense that we have some parts of the economy which are probably the most productive in the euro if not most of the developed world so i don't think it's fair to compare us to the others and say we're doing well we might matrix for doing well i don't know what yours is employment is income is immigration is the lives of ordinary people and the lives of ordinary people have been. totally affected negatively by the us come. all of yours but what we find rather bizarre is that the bond market which is largely dancing to mr dirtbags tune as long as he promises to do whatever it takes to save the euro bond yields remain low all around the periphery europe. they are trumpeting their great success we who live in the country have children the country of relations in the country work here see a very very different picture one where domestic demand is entirely flush one where

people's incomes are holding our taxes are rising and one where. sorts what we would have regarded as normal normal social services are being cut so again you know if success is that my daughter servers she assures her are being forced let's say to work long hours in order to pay somebody in america who's managed to speculate on our bond market yeah but that doesn't seem to me to be success and certainly nothing exciting about that fellow no no i don't think i'm. coming to live amongst us and you'll see what it's what the economy is really doing internally as opposed to reading writing reports from investment banks i thank david met william says speaking to us from dublin not someone that knows all about ireland. and it's just cost say i like hey i had to get you

a because obviously i had no need i was going on what is going on so you agree with dave that yes i got i do i think david talked a lot of sense there what you see on that what you read in the newspapers is not does not reflect the reality the grad who are living there let's take public transport and i don't for example headlines in the irish times will tell you that fares for dublin commuters are going up ten percent and i think all right well you know that's not terribly bad but what david also said was that there was a huge failure on the government to rein in some with the unions you know the so the public infrastructure is affected by. strikes on the one hand what you don't know what you don't see is that the average length of a commuter train is called the darts that brings commuters in and out of them average length has been reduced so commuters being squashed. into smaller trains right out which they're being asked to pay more yeah so the squeeze is calling for all sorts of what you don't see in the market reports arise or as i say should

because i mean i'm focusing on the data because the data is reasonably optimistic and while i said about the prime minister's comments this week about coming away from this international bailout package funds to me that seems positive because they are going to stand around the going to be independent no longer reliant on international help now everything is funneled. i think in the grace to use the cliche he would say that wouldn't it and it carries a prime minister who's on the back foot he's just suffered a humiliating defeat in a referendum where he tried to abolish the upper house of the irish parliament this would reduce the number of checks and balances obviously in the political system i think the people have been asked to pick up of a pretty heavy burden ok we'll leave it there i want to chat to you all day about this but i can't but i request it thank you so much that you can insight that a little bit of irish charm here a venture capital today thank you that. switzerland is famous for its claw she is its banking secrecy and well most importantly in my view of course the

walled largest offshore wealth center switzerland it's signed an agreement convention with the organization for economic cooperation and development otherwise known as the o.e.c.d. the agreement means sharing banking information with dozens of other countries so i'm now joined by hans our kauffman swiss politician and economist for more information on this particular topic do you think that this is a good thing for the global economy do you think that this is more transparent say . less kind of black market. activities going on do you see this as a positive move. you know i'm still very martin braver at all for privacy and privacy has no necessarily to do we stack separation because of a newly introduced a banking secrecy between the two both wars. immediately also introduced

the road hairiest it was holding so thirty five percent so in suites around. really cheat taxes or income for all ball moves or shares be called thirty five percent. of all the sort of in use are directly going through to state parks to probably start do you have foreign instruments from the e.u. from the united states where you do not tire we told of taxes starts to program so one could also have solved the problem by introducing globally substantial beef holding taxes do you think it's far as switzerland's economy is concerned it could be a bad thing and negative impacts come hard for an impact there because we are quite unclear on. saying goodbye to another hundred thousand to two hundred thousand foreign costumers and especially us customers are. accepted their

legal murder rates mostly spanx and i fear that we. made the two billion in revenues has kaufman that thank you for your time. time for corporate news now than and it's not as rough as that's going to be making its way to prison but also i brought some pharmaceutical company the pieces by fired have a pharmaceutical company will send a forty million dollars facility to produce generic persons of account supplies into the audience of all the medicines in the south of brazil. taking advantage of brazil to get spending all medicine and public health. just so we'll hold an i.p.o. in the next three to five years the communications minister made the announcement on his twitter as in the u.k.'s voile meltdown descends on the day of trading on

the london stock exchange. legal metals dispute a swiss school which has ordered to tadic company tell quite to pay roussel subsidiary investing limits it's a two hundred seventy five million dollars legal see the cool part is how ms claimed that the tactic company had breached supply agreements made in two thousand and three ok it's that time of the service big time i saw in-house investors see what he's been up to and i go and. i'm really impressed with your dedication so i like it your way and all of that you'll still try eating but i wasn't asked last week when our business and it's one o'clock in the morning here in arizona but that's not going to stop me i am dedicated to venture capital and you know what i got to make some money i have to break even so i'm going to keep on working until i make ground zero that is the attitude we like it so how you doing that and how you

putting that into practice well the good news is i'm up over a bit let me tell you i'm going over let me tell you how this happened last week if you remember three quarters in financials and that's spirit bank specifically going gangbusters it went below one percent again for a third straight week in a row and so i made money the bad news is that governments remember sparkly or should i mean that's i mean i don't. know right but they didn't do me any good so i'm going to have to don't put a dime in because they traded flat didn't make any money on them so overall my portfolio was. made eighty five dollars this week to a grand total of nine thousand nine hundred seventy five. twenty five dollars shy of the big turn down to break even so i need to keep at it yes you do and i k. so you made it but you know quite well you know i. well it's not nice to leave ars and a lot to maybe what if you got right is going to work and in fact this is unfortunately

the diamondback stage very very here i'm going to have to dump the diamonds i'm going to go all in financials it may seem boring but three weeks in a row getting one percent i can't deny that logic so i'm going to go all in with spirit bang to see if i can at least break that ten thousand mark because if i do if you remember we have a deal we do have a damn right i'm going to bring you some profit from the united states if i actually break even but that's that's what's going to have to have ron and i so i get my talk if you break. in the business and waiting for you all the way back from inside i've done my part of the all right. so so how i feel about this dumping the diamonds. we're going to go over the financials or i have another i'm going to reside out what caused that is what we thought from that capital mr solmes home i saw in house invest right that succeeding this week well my time is up today so

it's on and did i even to yourself i certainly have and i really hope you come back next week to buy. it seems like politicians can get away with anything nowadays but not all of them the former mayor of field detroit has been sentenced to twenty years of prison after being found guilty of committing record tearing conspiracy fraud extortion and tax crimes while the mayor the prosecutor say he funneled millions of dollars to himself and family members all while. moved headstrong towards the bankrupt state it is in today this is big news not because some mayor took bribes but because he got punished the judge you convicted him stated why this is such an important case she said at the very least a significant sentence will send a message that this kind of conduct will not be tolerated yes sending

a message you see crypt officials are usually cowards and they do what they do because they feel they can get away with it when you start to put the fear of god into them they start to behave much better so the question is will the mainstream media grab the story and really use the conviction of detroit's former mayor is an example probably not but it would really help the country if they would but that's just my opinion. deliberate torch is on its epic journey to such. one hundred twenty three days. through two hundred cities of russia. relayed by fourteen thousand people or sixty five thousand killing. in a record setting trip by land air sea another space. olympic torch relay. m r t v dot com.