well the european powers here are the cause of poor states and then the ambition of the continental union and you were another sixty years. it was minister 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 seeing that you will experiment you are always in reality and i do not think it does feed certainty the eurozone and the government of the eurozone must be must be shaped up or about we have to go to war this direction not going backwards. no you were talking about reform right every time i heard you talk and gave interviews to talk about reform but every year a zone state has its own interests at heart so why is anybody going to listen to what rome is saying right now. well i mean it is it is it is true that the debate

on the eurozone and the debate on how to reform the eurozone as being postponed many times but i do believe that in the second half of this year the time will 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 and we must better shape or they cannot make a noise or you know and these also commitment which was taken in rome when the. leaders of the twenty seven member state met and signed their rome the correlation last twenty fifth of march they clearly say we must complete the economic and monetary union which translated in war. must seem that war means we must open the debate on how the euro is run but why wait till the french and german election stunt you think it's a little bizarre that the issue here is over for him has grown up right now. or has

name dropped as of yet maybe people don't have courage to germany why did they only get the courage to talk about this now who we found the chorus to don't seem to be one of the 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 some improvement we have update on investment plan at european level of the so-called plan. more intelligent or at least less stupid implementation of the stability and growth pact drools towards thirty so some important step by been taken. to. reform the euro zone you need a commitment of other partners and so far as. always been postponed now as it is

a fundamental issue which is going to be debated also in the general election we've been to be debated during the french election we do believe that there would be a new political phase. in this political. number one must be reform of the eurozone so we think that the time has come at the end. the end of this year so they had america's national trade council peter navarro called a hero and implicit in mark 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

favorable to other countries i do believe the south of 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 uncensored bank with the with quantity of easing with the new monetary stance stance of the european central bank and we must the best way our german friends invest more domestically and to rebalance a trade which is unsustainable and 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 what exactly were 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

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 the economist competitiveness as an export has deteriorated. but i do not i do not take the air 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 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 decided to leave the euro the point is not to leave a stable currency the point is that on they tend downside there do not waste time and 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 notwithstanding that our membership of the eurozone we must we have started with a range of government we are continuing with the 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 much more the euro and the eurozone at the risk of the call me to introduce a new policy me to shift from a set of rules partially 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 l.a. still largest opposition party five star movement and the northern league they're

both anti europe and they're saying that they would bring their layer back if 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 your opinion why most forty seven it's like almost half of the country if they think it's a bad thing why do you think that happened. well first of all. to the polls because yes people say that the euro isn't in favor of three thirty but then when you say if they want to leave the euro or if they want to leave the european union the majority of people is no we don't want to leave the eurozone we don't want to leave the european union so i mean take with a pinch of salt this kind of pulls force the forward second. why they want to destroy the italian economy i answer for them it is clear that all the movement and there. are two example of extremist movement. always of

a simple solution to a real problem which require other kinds of solutions so they see where there is an employment need to get out of the euro zone we have a problem with immigration let's get out of the schengen area. that these two solution goes against the interest of the italian economy which require us to be in a stable currency required to be in a stable euro zone but why also in that kind of policy mix in the economic body says. the national level i do not see how they tend to take on the. leaving the eurozone and then 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 export in the short run by. it would be would be disaster in the medium a wrong show in the wrong ground for the ten economy and by the way if there is

something which is working you need to add it to the. exports. already a lot. of those if they don't feel well for are well off because they export so even with the euro we don't need to have the devaluation going back to the euro to improve our exposed exports so i do not see any solid argument to leave the eurozone i see many so important so you're saying is those seen the eurozone into better shape if so you're saying that if push comes to shelf raid and either of the parties comes to power hypothetically speaking and we had a referendum in your country that people italians will not support the ags it from the here is on is that what you're saying. i say that this crazy idea you are talking about is not because it is your idea because it is we are they buy

this bunch of popular those of the legal illegal not 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 italian 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

a total disaster and which is in the end of the face of movement so i mean if you're from moscow you might have. an 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 be deiced county like you 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 shower great great now and well back we'll continue talking to minister for european affairs discussing interest here as a whole and if there is a chance to reform the single currency states. lisa.

loeb warhawks selling you on the idea that dropping bombs brings pins to the chicken hawks forcing you to fight the battles that don't believe the new socks product tell you that every gossip the public by file for the most important news today. off the bat has been telling you on the cool enough let's fight their products. all the hawks that we along with our audience will walked. the spiral downward this applies to both russia u.s. relations and the ongoing events on the korean peninsula probably past the point you know which are. i'm max kaiser one more of my guide to financial survival this is

a hedge fund it's a device used by professional scallywags to earn money. that's right these hedge funds are simply not accountable and we're just getting more and more to that. totally destabilize the global economy you need to protect yourself and get in for a while because we've. done at once. on the flues off someone but it's not it's not the definition. i'm. taking the he could see the. damage and then you can't really agree. with that time. would be. good enough to let beach. south. just

one mean a leftist i know but. this one tokyo fund it is going to go to. his will was because did a piece of dancing coral cultural review i pulled the grammys. and we're back with the sound. of four of european affairs discussing it his place in a european here. 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 in. 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 or should it really wait until the e.u. comes up with some kind of solution. to europe you know we do believe that there are some of the existing directly the banking sector we. have to be revised because they implemented in different ways in different counties that mean that all of this leave not all the existing rules are very efficient and we do believe that on one side we have to intervene and where to do our part at national level on the other side there must be also review and they know the european commission is working on that. directive because they're banking restructuring

within the european union now they have the euro group talking about the bailouts in general he sat that southern countries quote blew their money on drinks and women is that what happened to italy as well. well i 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 the sportster and i hope with a change of very soon. that is what is not what that been seen by county but that was what you are referring to it is. very unfortunate that we do not have anything to see with a konami korea oddity of counter. but only with.

a stupid. you would never expect from. an important body like the euro group but a dash chair that body can be here 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 a 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 the point i have read by the criticize the year on dies and blown that the euro group for the 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 beat them with confidence between the south and counter nothing

between the counters and trade the counter is the mania of the future divisions or division produced by stupid statement also. made the one you were referring to and the time as counted on the page and i do believe that we must and we can and in to 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 things stand to lead a solution to the problems have been a two speed europe which is in essence 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 clean union down instead of saving it. it is clear that the union of twenty seven member states 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 to get at the same rate theme with the same intensity toward the same direction this year that there would be some which would be satisfied with a single market and something more and that. 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 a master stronger must stronger body to run the 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 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 it is absolutely not sufficient 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 secondly i mean it is not that more and 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 country which will go faster we'd be 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 decided not to decide if you decide to stay out how do you make sure that they last integrated members don't boycott that decisions made by those at the top 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 they 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 counties would introduce the euro had to wait for whole the other the euro would then 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 heroes are in crisis and the migrant crisis and now you have said that bracks it is the latest crisis what europe is facing but britain has always kept its distance and you matters i mean its style some important common decisions that sachs 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 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 on some. project with.

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 a referendum which has granted him sweeping new powers now added are you saying hey strengthening turkish democracy but i mean austria 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 with a majority the 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 the european we must first of the delegates your queue for because after all there is a forty nine percent of people who voted no we have to deal with europe because it is an important part many this 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 output that he used 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. you know what i was i was i told you that you have to have a dialogue with your team. about adding the dialogue doesn't mean to hide they all standing political problems 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 be we should to continue to implement it but these cannot. face with major political problems it is clear as i see your import on the neighboring county it these. days you position it is a member of important organization so we must first of the dialogue with your key about. a dialogue with the county doesn't mean not to be front and wholeness

with the government and ice i repeat the tasks the provocations repeated the toxic brew occasional affair gone to war there will be a union i have been told by the understandable uncomprehensible they might have had 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.

people buy gold gold gold buy gold there's always people buying gold and the professional marketeers understand this and when the gold price goes to a certain level they bang it down with short sales they're selling the gold naked or they're just selling it they're just doing short sales are not losing money they're just selling the gold short and then when it gets down to a certain level they can cover those shorts had a profit that's our short sell works you're buying back at a lower price for a profit and that's the problem with gold it's a market that's completely beholden to the cartel. about your sudden passing i've only just learnt you worry yourself in taking your last wrong turn. you're at the top to you as we all knew it would i tell you i'm

sorry finally i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feelings started to change you talked about war like it was a cave still some are fond of you those that didn't like to question our ark and i secretly promised to never be like it said one does not leave a funeral in the same as one enters the mind it's consumed with death this one quite different i speak to you now because there are no other takers. to claim that mainstream media has met its maker. possible in the dubrovnik in venice are all fixed travel destinations so it must be nice to live there or is it. enough. revenue to

go crowds of tourists disrupt the city's economic. social life i'm about to leave for this on the slash that i'm going to take such as the fact that the traditional story some nut comes by you sometime see that we don't mind the school but they don't like the while the city is trying desperately not to collapse all powerful corporations collect the profit of the caldwell put this up the wall will probably go up on the dole coffee cup in the economy in the bushes up the on saabs knock up the suppose it's in the unit. as a tourist phobia will fail fall into an identity. they

really. do thank you as you know houston is under water but i have no fear in order to deal with there are billionaire billionaire manchild president has been busy. with mexico being one of the highest crime nations in the world we must have the wall mexico will pay for it. while houston drowns you cannot forget the mexicans.