>>sharma: we are ensuring simplification and rationalisation of fdi norms. also uniformity when it comes to approvals, across the country. i have convened a first meeting of the industry ministers of all the states. we have launched a pilot project, with infosys executing it, that is on government ebusiness. so eventually all the services will be in the paperless mode. this pilot project covers nine states,eventually will cover the entire country by 2015. >> abirached: still to come on world business... greening the german car industry. the country known for large luxury motors embraces economy and theenvironment. and the glamour of the gridiron. nfl films has been elevating football to fine art for over forty years filming football at its finest and the rest in just a moment on world business... >> abirached: the huge corporate and political presence at the copenhagen conference proved one thing beyond all doubt. green business is big business and the car industry knows that better than anyone. if they want to stay on the road to success they have to be sus

nor with the ongoing parallel fdi ricci you and we have made an attempt not to do so. what we did do was to organize ourselves into five teams, supported by personnel with hunley assigned to the military department from osd and each of these teams looked into this specific areas that we have described in the report submitted to their activities to less than than a week, et mcclerkan diane those who work directly with us to take responsibility for reviewing and stating our conclusions and their views with respect to that. our personal views are found throughout the report but they are specifically called out in the executive summary which you note we took the step of signing ourselves so that you would know that the summary came from us including those five or six recommendations for specific early action by the secretary of defense. let me report he has already taken some of those actions as we have talked. we had also a board of advisers

you also had the opening up the of the economy to a massive influence of the fdi. none of those financial support seem to be there. it seems like this -- these countries are in more for austerity on the fiscal side for an extended time frame. >> i was trying to strike an optimistic nerf -- [laughter] until the question was raised. i do not think it is a question of if this is going to happen. i think it is more a question of when it is going to happen. basically, the stakes are incredibly high. the reason is that if any of these countries would be forced out of the row and have to be borrowing in their own currency, what that would mean is instant defaults on sovereign debt. what we're talking about is not a small country like dubai or iceland or something of that sort. we're talking by a series countries, something like spain, which is very large. you are talking about a huge amount of debt. it would sink the whole of the european banking system. it would be real armageddon. that is the reason that the dot ecb is going to -- that the ecb is going to fight it. we'r

is he recall reagan announce fdi in march 1983, the same month he called the soviet union an evil empire and while the soviets scared up a lot of propaganda the katayev documents the records of the central committee suggest actually the one that worried about it. there were 20 meetings of the military industrial commission in the third quarter of 1983. not a single one of them was devoted to reagan's strategic defense initiative but several of them were devoted to the threat of the pershing two missiles that nato was about to deploy in europe. the pershing two's pride in the soviet leadership. they worry about decapitation and they spent a lot of time discussing even to the point of thinking about how they could somehow turn the moscow systems to become an interceptor to stop pershings coming from germany. by 1985 in reagan's second inaugural address the upped the ante of that speech when he said his vision of the strategic defense initiative would be to render nuclear weapons obsolete, a global shield. this got their attention in moscow, and with ten days after reagan gave that speech,

you also had the opening up the of the economy to a massive influence of the fdi. none of those financial support seem to be there. it seems like this -- these countries are in more for austerity on the fiscal side for an extended time frame. >> i was trying to strike an optimistic nerf -- [laughter] until the question was raised. i do not think it is a question of if this is going to happen. i think it is more a question of when it is going to happen. basically, the stakes are incredibly high. the reason is that if any of these countries would be forced out of the row and have to be borrowing in their own currency, what that would mean is instant defaults on sovereign debt. what we're talking about is not a small country like dubai or iceland or something of that sort. we're talking by a series countries, something like spain, which is very large. you are talking about a huge amount of debt. it would sink the whole of the european banking system. it would be real armageddon. that is the reason that the dot ecb is going to -- that the ecb is going to fight it. we'r

investigation that it proceeded more with the military justice investigation nor with the ongoing parallel fdi ricci you and we have made an attempt not to do so. what we did do was to organize ourselves into fivemsese teams s specific areas that we have described in the report submitted to their activities to less than than a week, et mcclerkan diane those who work directly with us to take responsibility for reviewing and stating our conclusions and their views with respect to that. our personal views are found throughout the report but they are specifically called out in the executive summary which you note we took the step of signing ourselves so that you would know that the summary came from us including those five or six recommendations for specific early action by the secretary of defense. let me report he has already taken some of those actions as we have talked. we had also a board of advisers drawn from the senior ranks of the department, the military ranks whose purpose was not to lead the team of the two of them were team leaders but merely to review as we went and provide an overal

investigation that it proceeded more with the military justice investigation nor with the ongoing parallel fdi ricci you and we have made an attempt not to do so. what we did do was to organize ourselves into five teams, supported by personnel with hunley assigned to the military department from osd and each of these teams looked into this specific areas that we have described in the report submitted to their activities to less than than a week, et mcclerkan diane those who work directly with us to take responsibility for reviewing and stating our conclusions and their views with respect to that. our personal views are found throughout the report but they are specifically called out in the executive summary which you note we took the step of signing ourselves so that you would know that the summary came from us including those five or six recommendations for specific early action by the secretary of defense. let me report he has already taken some of those actions as we have talked. we had also a board of advisers drawn from the senior ranks of the department, the military ranks whose purpose

you also had opening up of the economy to massive flows of fdi.ither of those two offsetting financial support seem to be there. to it looks to me like this group of countries is in for austerity on the fiscal side. not just for a year or two, but for an extent the, extents period. but desmond, maybe you have these on the unwide issue? >> >> i was trying to strike. until the question was raised. because i don't think it's a question of if this is going to happen. it's more a question of when is it going to happen. and basically, the stakes are incredibly high. the reason is that if any of these countries were to be forced out, and have to be boring in their own currently -- we are talking about serious issues. they are very large. you are talking about a huge amount of debt. it would sink the hole of the spanish, the hole of the european banking. it would be real. that is the reason that the ecp is going to fight it. you know, hold it's nose, despite the fact that -- this kind of catastrophe in europe they are going to be pumps money until they ge