economic strength that usually gets its way it may not be very democratic but because of the way the european union i'm sorry the european currency is going i mean is germany going to show a little bit more flexibility because i mean we have austerity creating so much turmoil right now and a lot of people will talk about austerity a question of austerity can actually create growth but of course austerity cannot create carolled but if we just throw money at problems who die if you can people into recession ok marshall where do you come out on that ok because austerity doesn't seem to be working so far all it does is done is create an enormous amount of misery and pain. yeah i think that's right it's the old story of if you were. told to stop digging. i don't think the german government has has has got that message though i sympathize with what he said the call does represent the interests of a democratically elected government but i think the core problem is that the germans continue to misdiagnose the problem it's not a problem the problem probably gets in fact if you look before the onset of the c

one problem is that germany is not the leader of the european union this is a democratically elected system this is not so you're saying they don't really know what germany has to say about the euro zone is and probably the most important country. just one country it might be the most important country among twenty nine but it's certainly not the leader everyone has signed for fiscal pact and it's not about dominating the other it's the second you have a lot of people would say there are a lot of people would say germany really just the other countries resign that a lot of people say that berlin bullied the other members decide that and a lot of people would also say that of course he lost the election just because of that kind of bullying. what we will see in the future is aside from a rule based strict project to reform the structures in the periphery countries and additional initiatives which now will be promoted by far along and all the left governments and the opposition parties germany that there will be an additional six and that will be part of the solution but if we will jus

the german chance to make because the euro the euro is the union the seventeen countries the european union is a union of twenty seven countries and growing and so for her to ally one with the other is a very curious thing to do it may be rhetorical over straight but it may also be that she sees the euro zone of without that what happens in the rest of the european union probably she's got is that she says the euro equals you but she also says austerity is nearer so what you've got. very clearly not just in greece but across the euro zone now you've got electorates and governments collapsing because they cannot impose austerity on their on their voters so even in neverland's government the government collapses because economy posen sturdy belgium hasn't had a government for the best part of a year if the if the european union equal just thirty and if you you're if you're being unique with the euro and if the you're equal then vote is then what is thirty so what does that mean about the rest of the european union i think you've got to come up with a better story for europe is for than simply

, and the european union -- the north atlantic treaty organization, the european union, and the european -- phil is back with us and will talk to us about president obama and his relationship with our friends and allies. after he finishes his opening remarks there will be a discussion involving as many of you as possible moderated by the director of research at the center. over to you. [applause] >> thanks very much. it is always nice to speak here. i see many distinguished colleagues and many others that i am delighted to see again. i continue to feel somewhat guilty about the group -- the degree to which the obama administration rated perkins we took office just three years ago -- rated brookings when we took office just three years ago. i say to someone guilty because we have given a few of them back to the administration in the meantime. and in case, -- in any case, brookings is continuing to thrive. i am also pleased to see how much the u.s. and europe continues to thrive under the leadership of fiona hill and justin bates. i may seem bias, but it seems the original logic w

and the european union and the bundesbank in germany a little bit toward the models we saw flirted with or used in places like iceland and argentina which is an attempt to grow out of a crisis with some officially targeted sensitivity to equality the needs of lower income people as opposed to the push from the washington consensus or the most recent manifestation of what's called despond the german e.u. i.m.f. consensus in greece when president papa drew suggested that there should be a national referendum as to whether they should you know jump into this austerity pond with both feet he was basically taken out before he could even have his referendum and replaced by a greek banks to. power the technocrats going to fight back against this change in france expect them to. yeah i expect this is going to be giving i think you're absolutely right that is the beginning of push and shove and the push and pull here it's not the end but what we are beginning to see whether it's the united states quite frankly or in western europe is that the austerity programs are massively unpopular with the p

the european union is the largest trade investment part. member. they account for 58%. hen you combine that with u.s. spending we together combine 80% of the world. we clearly need strong and prosperous european allies. same is true on common defense. i undercored our message to european allies about the importance of sustaining defense spending only possible when the european's economies economies are succeeded. despite our stake in the outcome of the economic steps taken in europe, we recognize these are european issues require european solutions. we have urged european governments to act to resolve the debt crisis, offered or perspective about the risks that the europe's crisis pose for the global recovery we share lessons of our own financial crisis about the importance of respond and focusing on job creation and growth. we're encouraged by the progress they have made in recent months including significant actions that have seemed out of reach a few years ago and ireland, portugal, and spain. these countries have reduced their structurial budget deficit by 5% points

we want to be part of europe s much, then we should live by european laws and be part of the european union >> the women say azerbaijani is still far removed from european values, and the magnificent new buildings cannot hide that. >> that report brings us to the end of this week's edition of "european journal." until next time from all of us here at dw studio in brussels, thanks for wating and good bye for now. captioned by the national captioning institute --www.ncicap.org--

class citizenship for greece inside the european union wouldn't necessarily be an existential threat although it would not be supportive i think seeing what happens with italy seeing what happens with spain and seeing to what extent the german public asserts its opinions in elections that are coming up which don't look particularly favorable toward angulo merkel and company i think maybe the big public we haven't heard from yet which may hold the key to the future is the german public if the german public also abandons austerity or loses interest in the european union but i think this becomes much demmer and much dicier very quickly i think we'll begin to see the contours of that later this summer would it be that the germans are abandoning sturdier would it be that the germans or the average german person you know the german people are saying we're tired of being the bankers for all these countries that in the in the minds of the germans clearly have been profit and therefore to hell with it will go back to the judge market or you know or there they'll continue to say is merkel has

the european union may decide not to implement its aid package. some eu leaders are saying member countries which cannot follow the rules should leave the eurozone. if the next government rejects austerity measures, they will decide whether greece should stay in the bloc. >>> i'm catherine kobayashi in tokyo. do stay with us. xxxx >> "california's gold"

trans-atlantic corporation that i take some kind of steps towards explain what's going on in the european union in cyber crime, actually, right now. and i will try to focus on four areas, the given challenges the european cyber crimes center and the e.u./u.s. cooperation in this. and what is a given? and everybody knows this, the cyberspace driver cannot be growth and prosperity and intersection, a given. and we in the e.u. we, actually, are even more interconnected. we're connected by 72% of the population in, actually, the global average of 32. but because we are so, we are dependent, we also bring new risks, and cyber crime -- and it's already being -- exploited and continues to be exploited by terrorist attacks. and because all the network systems are vulnerable, it's difficult to detect where, there can be no thing such as absolute security, and i think we also have to recognize this. i think we recognize this in the e.u., and i hope you also recognize this in the u.s. i think we have a difference sometimes in opinion about security. you can also see this, how you protect your borders and

if the european union should give greece a big break i don't think the european union will have the mind set to do that. we're facing a crisis both in greece but more importantly through all of the euro zone because of what happened in the greek elections. >> suarez: fred bergsten you heard from athens the majority of greeks want the straitjacket removed and want to stay in the euro. can they have that and not send shudders through the system? >> the greek public is inconsistent. what is needed is for them to understand that. if they really did try to jettison the whole austerity package, then they would be forced out of the euro. i think there's no way around that. i do not think that would have a cataclysmic effect on the rest of europe or the united states or the world economy. greece is a tiny country. fire walls have been erected that i think would protect the rest of the euro zone from spillover from greece, and i think if greece did drop out of the euro, the results for the greeks would be so horrendous that the italians, spanish and everybody else seeing that would be redoubled i

greece will remain in the european union. and -- will -- will continue to receive financial support from the european union. not necessarily through the esfc. structural funds, like that. they will remain on the imf program as well. that will minimize the damage in greece. it will still be horrendous. only possible upside for greece. much fame sized by american commentators who are -- take the short run, ruthlessly into -- into -- into the structural side of things -- there is a widespread belief of economists here that you can devaluate prosperity and competitiveness. i got news for you, peace its not an economy. it doesn't have rigidly downward wages and very flexible real wages. it has rigid real wages and very flexible upwards wages. so the 65% devaluation or more that you would get from, will indeed give greece this, this momentary, fantastic competitive advantage. they won't be able to take advantage of. because they don't hatch ve as resources. shifting is difficult. apart from that, even if there were highly mobile re

you now face the prospect of an oil embargo from the european union.our central bank is no longer able to conduct international transactions. this must be very, very difficult for iran. >> translator: well i do believe that we must have a broader view of iran's economy, and only concentrating on a few sectors cannot be a true representation of iran's economy. i'll give you a few examples. last year the total non-oil exports increased by 30%, and according to the latest reports that the international monetary fund has published, iran's gdp, iran's per capita income has also increased. >> but let me ask you there, 80% of your foreign revenues come from oil. you are telling me that these restrictions on oil, the particular european union goes through with them, the indians say they're buying less from you. the japanese say they're buying less from you. these are not going to affect you? 80% of your external revenues come from oil. >> translator: we must pay close attention when we speak of oil revenues and sanctions against oil sales. who were the winners

within the wider european union all the rights to trade live work retire study across the european union we keep there is no question absolutely no question under any anybody's interpretation of the folk you're scotland more than that's where we have a considerably rich asset base in terms of natural resources human resources now we've got water we've got the ability to feed ourselves we've got all sorts of good things going on it's up to the people of scotland to decide what sort of country we want to be and you talk about separating and that's just not how we see things we see this as joining the mainstream of the world joining the european union joining the united nations joining all sorts of other organizations look at all the global challenges that cross borders and we need to work together but you need to be represented by a government that actually does represent you presently at the london government simply just does not do that and it's very very clear to the people of scotland we can do better very brief final thought if you do take the high road come twenty sixteen just

but that needs it disorderly dismantling that that's what is required at the problem within the european union and the eurozone is a problem of growth and despair and imbalances caused by germany and we can't have a common say union with many different disparate economies which need different levels of support different interest rates different fiscal policies but germany and the european central bank forcing on countries like greece and spain and italy and portugal as well as other countries such as arland austerity cutbacks coupled with tax why this which of her economic growth economy is already on competitive as a result of being in the euro and they just are now in a major economic depression that's what's happening in those economies with massive levels of unemployment and really no no future something radical that needs to happen otherwise there will be more of the same and the same is a declining economy with ever increasing numbers of unemployment so i don't let's talk some numbers here and r.t. it's a red across the board of the financial markets today with a possible greek your exit

. >> the commitments taken by greece and all of the member states should be kept not because european union or euro area wishes it to be like that but because there is no other alternative that has less pain and less difficulties. >> barroso says they must implement the package of tax increases and spending cuts. he asked to consider the impact of the elections on the other countries in the eurozone. >>> eurozone leaders have en shinfor austerity issues for some time. angela merkel spoke to nhk world during an interview. >> translator: i would like to see greece remain in the eurozone. i heard that 80% of people in greece want their country to remain a member nation. in order to achieve that goal, the eu needs to express a solidarity with greece but at the same time austerity measur which were agreed upon must be i amentmplemented. >> she met with president hollande this week. however, they admitted to differences on how to boost the economy. during the interview, she pointed out the differences that germany and france must play with the eurozone issues. she wil crdine vie with a summit in

in iran protests back to by the state have been organized against plans to form a european union style bloc amongst the gulf states two key american allies saudi arabia and bahrain would be the first nations to sign an agreement iran has called the idea a u.s. plot to annex the region and professor saeed mohammad marandi from the university of toronto agrees that washington will only benefit from this deal. this is basically for the survival of the dictatorship in bahrain because the dictatorship the king is immensely unpopular the vast majority of the people of battering want the overthrow of the regime but unfortunately the west supports the saudis and the only dictatorship what ron is concerned about is that the saudi regime will attempt to annex i mean because the dictator is immensely unpopular he is unable to keep control and in order to crush the revolution. allowed the forces to effectively occupy the country it's very interesting that the people of bahrain despite all this this small country has put up so much resistance and i think this itself shows the immense weakness that

on ukraine the ukrainian leadership reacted to all these statements coming from the european union but saying that this kind of rhetoric puts the countries back in the cold war and in fact there may be right in some sense because the one of the villa vivid examples of a political boy called during a sporting championship sporting event was in one thousand nine hundred eighty when sixty countries refused to come to moscow for the olympic games there and then the soviet union four years later replied by not sending fourteen countries fourteen republics of the soviet union to the olympic games in los angeles but you know the political boycotts during the sporting events happen even nowadays four years ago during the beijing olympics some countries also wanted to abstain from coming to china for the olympic games but then they managed to negotiate it somehow with the authorities in china but certainly the situation is very very tense for ukraine and for keven particular now. artie's sports presenter kit partridge says the football community wants to keep its on the ball and is reluctan

if us city or you have to exit the european union and you cannot be forced out of the european union and opened trick and leave the european union force outside the us to be voluntary. it is very hard to. to see in these very. dangerous very irresponsible political game that is played being played in all in europe if people are sitting in the tools with talk about it all except use their simple tools they will have either to amend the treaties or. in or out of. resource to the treaty that they used with the treaty of the few which is it be written outside of european union foreign minister terms are as i'm so sorry but unfortunately that's all the time we have thank you for joining us portuguese m.e.p. of artists. and iranian group considered as terrorists by the u.s. for fifteen years is moving off the blacklist government officials are advocating to clear the name of the ek even releasing a number of p.r. adverts this could further strain relations between washington and attack iran jamal abdi the policy director for the iranian american and national council believes it's only case