tv Sophie Co RT September 4, 2017 9:29am-10:01am EDT
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of poorer states and can be ambition of the continental union and you were another sixty years. it was mr for european affairs sandra garth c. welcome to the show great to have you with us and as you got to the euro experiment has failed at least that's what noble economist joseph stiglitz s so are it stays numbered no i disagree i do not think that you will experiment you are always in the area is the reality and i do not think it has faded certainly the eurozone and the governance of the eurozone must be must be shaped up or about we have to continue the war this direction not going backwards. no you were talking about reform right every time i heard you talk and give interviews to talk about reform but every year is own state has its own interests at heart so why is anybody going to listen to what rome is saying right now. what i mean. it is true that the
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debate on the euro zone and the debate on how to reform the eurozone as being postponed twenty times but i do believe that in the second heart of this year the time would be right to open the debate to be after the french elections have to be after the german elections and i do believe that everybody agreed that we must complete then they must make the shaper they can only get these also a commitment which was taken in rome when the. leader of the twenty seven member states. there on the correlation last twenty fifth of march they clearly say we must complete the economic and monetary union which. in war. must seem but war means we must open the debate on how the euro is run but why wait till the french and german elections don't you think it's a little bizarre that the issue of here as a reform has been brought up right now. or hasn't been brought up as of yet maybe
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people don't have courage to germany why did they really get the courage to talk about this now. we found the chorus to don't seem to be one of the reins of government so we have been talking about these at least since mid february the beginning of march or twenty fourteen and we have a thing we have obtained some improvement we hope they in an investment plan at european level of the so-called planned. more intelligent or at least less stupid implementation of the stability and growth pact drools towards. so some important step by been taken. to. reform the eurozone you need a commitment of other partners and so far it has always been postponed now as it is
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a fundamental issue which is going to be debated also in the general election which has been to be debated during the french election we do believe that there will be a new political phase. and in this political. issue number one must be reform of the eurozone so we think that the time has come at the end at least at the end of this year so they have america's national trade council peter navarro called a hero and implicit deutschmark that's a quote to say now give germany unfair advantage over others at this point. i do believe that the. single currency and the single market. benefit for everybody certainly. are shifting all the rules during the crisis scene the financial crisis. being favorable to some down to the most
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favorable to other countries i do believe the south that in germany has benefited from a very strict implementation of the growth back through a benefited also from the austerity policies i do believe that we must on the page we have started that there is a new role played by the rupee and central bank with the quantity of easing with the new monetary stance stance of the european central bank and we must the best way our german friends who we invest more domestically and to rebalance a trade which is unsustainable which is also has been pointed out by the rupee and commission in the last report on germany these are open issues and we must discuss about this issues so he has sat it depends from country to country and water had on it i have read this financial reporting new york times on italy a very thorough report and the numbers seem quite sad i mean is it worth keeping
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the euro in italy if in fifteen years of having it as a currency it has failed to improve its lives economy i mean growth has been literally zero and a condom is competitiveness as an export or has deteriorated. but i do not i did not take the air if you meant that you are putting on the table i do not think that the euro has been a failure i do not think that many problems that we have to address in italy derive from europe and this and they do i do believe that if you take a cost benefit analysis the cost there would be much higher than the benefit if it ever decided to leave the euro the point is not to leave a stable currency the point is on they tend downside do not waste time and entirely as wasted as wasted too much time since the beginning of the two thousand we must speed up day reform which are needed for the italian economy
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notwithstanding that our membership of the eurozone we must we have started with the interim government we are continuing with our only government to test those structural reform which are absolutely necessary to consolidate growth on one side on the other side the point is not to dismantle what we have been have been we did like the eurozone the point is to put the must small the euro and the eurozone at the risk of the call me to introduce a new policy meek's to shift from a set of rules a pastor inadequate and obsolete to a new policy mix which put investment and growth at the center of european action not only at the center of the national action this is what we want and this is what we think is needed not only for the thirty but the for the eurozone as old. so early as two largest opposition parties to five star movement and the northern league they're both anti you were saying that they would bring the lira back if
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they win the next election now i don't know if that's going to happen but judging by the polls they do have a chance a real one i just want you are painting why most forty seven is like i'm almost half of the country they think it's a bad thing why do you think that happened. well first of all pay attention to the polls because yes people say that the euro isn't in favor of treaty but then when you say if they want to leave the euro of that if they want to leave the european union the answer of the majority of italian people is no we don't want to be the eurozone we don't want to leave the european union so i mean take it with a pinch of salt this kind of calls first of all second as to. why they want to destroy the italian economy i cannot answer for them it is clear that all the extremist movement and there. are two example of extremist movement. always of a simple solution to
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a real problem which require other kinds of solutions so they say well if there is unemployment need to let's get out of the eurozone we have a problem with immigration let's get out of the schengen area this clear that these two solution goals is a gain in the interest of the italian economy which require us to be in a stable currency required to be in a stable euro zone i think why also in not that kind of policy mix in the economic policies that europe the united nations level i do not see how they tend to economy could survive in leaving the eurozone and in going back in year out of very high inflation. strong devaluation which is competitive only in the short run which can bring sound benefit for some export of italian export in the short run but would be would be a disaster in the medium around and show in the long run for the ten economy and by the way if there is something which is working you need it today it is export it
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that is a sporting already a lot and those that i don't feel which are well for ourselves because they export so even with the euro we don't need to have a competitive devaluation going back to the ten to. suppose. i do not see the solid argument to leave the eurozone i see so important so you're saying. the eurozone into better shape is so you're saying that if push comes to shove frayed and either of the parties comes to power hypothetically speaking and we have a referendum in your country that people italians will not support the exit from the heroes zone is that what you're saying. i say that this crazy idea you're talking about and it's not because it is your idea because if we are they
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the by this bunch of populists those of the leader of the league and the five star movement would destroy private savings because if you call for a referendum on the euro it's the day two of this campaign with the first polls which is likely favorable to you today yes to the exit of the euro we would have a massive financial speculations against privacy so what we have to do is to prevent. people. from taking the power and this certainly depend on us these depend on how how how or convincing will be with the young people then if you ask me how we would like an italian government with the five star movement in power up i can simply suggest to you to take the example of the roman government the government of italian capital which is
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a total disaster and which is in the end of the price of movement so i mean if you're from moscow you might have a interesting look to the face of the not the leak i can understand because they are reality but i don't think that it is in our interest in the interest of europe in the interest of our bilateral relations to a. county like that it would be if the face of movement of the northern league would take power in our country mr gutsy we're going to take a short break right now and well back we'll continue talking to minister for european affairs discussing interests here as a whole and if there is a chance to reform the single currency states.
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here's what people have been saying about redacted in the sixty's it's full on awesome the only show i go out of my way to launch you know what it is that really packs a punch oh yeah it's the john oliver of r t america is doing the same we are apparently better than the blue. sea people you never heard of love right back to the night president of the world bank paid the woman to seriously send us an e-mail bosler the dubrovnik in venice are all fixed travel destinations so it must be nice to live there or is it the.
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crowds of tourists disrupt the city's economic and social life in them a little bit before the sun the celestial get out of the mood to all such as the traditional story son nas comes by him sometime soon as we finally saw a school math teacher. while the city's tried desperately not to collapse all powerful corporations collect the profit of vision totally cool with who put the couple who probably global on the dole coffee cup at home in the bushes up the on saabs knock up the supposed it to me about. my plans. is a tourist phobia will fail fall into an identity. in case you're new to the game this is how it works the economy is built around. washington washington. the. voters
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elected a businessman to run this country business. it's not business as usual it's business like it's never been done. and we're back with sound minister of foreign european affairs discussing italy's place in the european union and the euro zone welcome back mr garcia now. one hundred fourteen italian banks out of five hundred are in deep trouble that's according to italian newspaper and saw that italy could start bailing out the banks with public funds but that goes against the e.u. bailing out rules now should the government just go ahead without brussels approval
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or should wait until the e.u. comes up with some kind of solution. to europe we do believe that there are some of the existing directory the bank and say we. have to be revised because they have been implemented in different ways in different counties but that means that obviously not all the existing rules are very efficient and we do believe that on one side we have to intervene and with the bid to do our part at national level on the other side there must be also review and i know the european commission is working on that at european level with the directive of course their banking restructuring within the european union now they have the euro group talking about the bailouts in general he sat that sather countries quote blew their money on drinks and women is that what happened to italy as well. well i
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mean i think that the least that we can see of the statement of a year on buys them blown that was very unfortunate. that it proved that it's not adequate for this poster and i hope with that there will be a change of very soon. what is not what that been seen by county but that was what you are referring to it is a very unfortunate that we do not have anything to see with a konami creativity of counter. but only with. a stupid. you would never expect from. an important body like the euro group but he das chair that body can be here
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is only when move forward if that's how the richard northern states understand south of problems i mean it's not like people in the north don't drink and sleep with women or something you know. well honestly i wouldn't waste your time and my time in talking about the booze and women. because i do not think that this is the point i everybody criticised the year on the rise and blown the chair of the euro group for that it is clear that during the. war. the measure i have produced is what i distrust and what we have to do now is. the confidence to be them with confidence between the south encounter and i think between the counters and trade the counter is the mania of the future divisions or division produced by stupid statement all stereotypes made the one you were referring to and the time is counted on the page and i do believe that we must and
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we can in a new phase because it is in the interest of everybody and certainly i mean that this guy and. i know about that really i mean there are so stupid that i do not think that we should take them very seriously right so let's talk about more serious staying stuck to lead a solution to the problems have been a two speed europe which is a mass and proposing two different systems for europe i mean one for those who want more integration another for those who don't but one that is pretty much for a thing you need in down instead of saving it. it is a union of twenty seven member state and you know which is going to grow because i do believe that after twenty nineteen new newark counters from the west and bottoms will join the european union where in this kind of fuel it is. an illusion to think that we proceed all together at the same rate theme with the same intensity toward
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the same direction this year that there would be some county which would be satisfied with a single market and something more and the other county if we decide to deepen their integration to reach new common objectives that says a more efficient the security and defense bodies of the union or a truly social union or. stronger must stronger body to run immigration and to counter the threat of terrorism sure i got i got your point but what this multispeed here are mean that states who are more integrated it will be they was deciding things like well the decision making may in the hands of germany and france while the rest play catch up no i mean the german the french german capital belongs to the story. i mean it is clear that it is necessary that there is an agreement between berlin and paris but is absolutely not sufficient
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anymore. i think it is very clear in the two capitals. because it is clear that we have to create a critical mass we see goes well beyond france and germany for second the i mean it is not that more more integrated can't decide for the other it is the other we decide not to be in the more integrated group of countries because they condition to create this group of we go faster we'll be on the only condition would be political will so the door must be open to everybody willing to join and so also we want to be in the group but it is because they have decided not to be in the group and if you decide not to be in the group it is clear that you decide not to decide if you decide to stay out how do you make sure that they last integrated members don't boycott the decisions made by those at the top
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out of spite or out of fear of being marginalized for example. well i mean politically and legally it is very difficult that they can do so. legally because at the end of the day according to the treaties a group of country can move if it wants so once that some project will be launched by nine or ten countries you will see there would be a majority of county it was going we'd be willing to join and there would be a very tiny minority of downed trees we decided to stay out and i'm sure about these after all these been the way europe was founded and europe as advanced because if nine hundred fifty seven the six european democracies who decided the two found the european union had to wait for the other democracies nothing would have happened if. twenty twenty two thousand and one the twelve
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counties would introduce the euro had to wait for whole the other the euro wouldn't be a reality so these as always been their way of promoting the big project in europe and i'm confident that it might work also in the future. so first it was the hearers and crisis and the migrant crisis and now you have sat back said it is the latest crisis what europe is facing but britain has always kept its distance and you matters i mean it stahl some important common decisions that zach said have the potential to actually reinforce the e.u. . for some project and for some initiatives probably know it is going to be must easier to go toward a certain direction for example the. policy we're talking about before the defense and security policy with out of the union i do believe that is going to be easier
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or less difficult to do it through the european defense policy and this is certainly could be a positive side effect of the u.k. departure what i want to say that i would have preferred the brits to stay in the union but it is also true that the brits well never been never been fully within the you know they've always. only said one step in and whilst about now they decided to take the two steps out of the union and they do believe that owns certain projects of the on some. of the. political potential could be easier without the brits to move it i want to talk about a latest news in turkey a country that's long been in the line to become an e.u. member present and the gun just want to referendum which has granted him sweeping
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new powers now added i in saying hey strengthening turkish democracy but i mean austria and germany and other countries have already sat this closes the door on terra kiss e.u. membership is this going to be the final straw. well i do believe that. any. was hoping for a landslide success in this referendum. ended up with a split country with. fifty one percent in favor of reform forty nine percent against is there for the three major turkish cities again the reform of the majority. most backward the region of in favor of the reform so i mean it is clear that it is a very difficult situation so i think we have a problem i think we have a major political problem i do believe that we must first of the dialogue with your
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kids we must preserve the data with your cue because after all there is a forty nine percent of people who voted no we have to. because it is an important part and it is important because the it is a member of nato because it is a member of the council a few are up but it's clear that what has happened during the campaign the content of this reform represent a major political problem the attitude of president ever gone to war europeans represent a major political problem and is provocation out to thirty use this and there are only complicated our bilateral relations but the question is for the e.u. is it worth losing a potential partner in the middle east i mean the only country that could really help the union deal with a migrant crisis. what i was was i told you that we have to have a dialogue with your team. about the dialogue doesn't mean to hide they all
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stand in political problem that you know about the relations south of the migration agreement is an important agreement it is war king there are some mess but which should be improved but it is working and b. we should continue to implement it but these cannot. affect which major political problem it is clear as a seed. import on the neighboring county it is. position it is a member of important organization so we must first of the dialogue with surety about. a dialogue with the county doesn't mean not to be front and wholeness with the government and ice i repeat the attacks the provocations repeated attacks abreu occasional affair gone to war there will be a union i have been told by the understandable uncomprehensible they might have had
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during the campaign i hope that it is over now i hope that we see is no hope that would stop now because they are not helping at all about the relations but in my opinion that not being the turkish government. all right mr that's it thank you very much for this century or talking to sound or god say italian european affairs minister talking about a speech error in the here opinion and that's it for this edition of. the next time . what politicians do something to. put themselves on the line. to get accepted or
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rejected. so when you want to be president. or some want to. have to go right to be pressed his wife before three of them or can't be good. i'm interested always in the waters about how. there should be more. here's what people have been saying about rejected a night with us actually just full on awesome the only show i go out of my way to launch you know a lot of the really packs a punch to sleep yampa is the john oliver of hearty americans do the same we are apparently better than food nothing's better see some people you've never heard of love redacted tonight my president of the world bank paid money to write me seriously he sent us an e-mail they're not ones out. on the flues often i don't want to have snakes on the definitions and i'm by any. one seeking i need.
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to take in the equal city south. to get the band and then you're just going to bring. out how we think i'm. young right now i think. i'm going to know when i have beach. sounds out. in this test feeling if one means a leftist i know b. deep but. this one tokyo find it is going to have to go. his look was because did a piece of dancing cultural. with
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coal make this manufacture consent to stick to the public well. when the ruling classes protect themselves. with the famous larry go round the sun be the one. making the whole middle of the room sick. here's what people have been saying about rejected and then i suspect it's full on awesome the only show i go out of my way to launch you know what it is that really packs a punch. bleep yampa is the john oliver of hearty americans do the same we are apparently
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better than food. and see people you've never heard of love redacted tonight president of the world bank so take. me seriously send us an e-mail. breaking the blockade residents of syria's dearest or celebrate on the streets as government forces move in to liberate the city has been besieged by islamic state for three years also to come any threat to the united states george territories will be met with. military response. and overwhelming washington isn't ruling out using its nuclear capabilities if north korea continues to threaten the u.s. or its allies to pyongyang said it had successfully tested a hydrogen bomb.
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