above germany's. but the rules were never enforced. by 2007, you had ten of the -- seven of the original 12 members officer over the debt limit. by 2010, it was ten of the members. what had happened was weak governments had used massive borrowing to offer their citizens a standard of living, their productivity could not deliver. and so now what you have when this crisis started in greece in 2009, greece just denounced our deficits, two times what we told you a few months ago. and the markets recognized there was a problem. what should have hand two years ago is greece should have defaulted on the debt and the other countries should have just tightened up their budgets. the fundamental problem in europe, really, is european policymakers don't understand the markets and don't like markets and think they can dominate markets and that's why you've seen a mess over the last two to three years. the inability of europe to address its crisis stems from a fundamental disagreement over the responsibilities of m

germany is admired in many countries, but in many other places people resent germany. what can we do? you said earlier we have to learn from each other, but germany already did its homework. so don't you think that the rest of europe has to catch up? and that doesn't give you a very good image. >> translator: well, first, i have talked about a european public. the crisis started that now we tend to talk about them, the germans, the french, the spaniards, the greeks and so on. we have germans that are active. we have lazy. we have germans on the right and left. we have germans who like to visit museums like this one, others who don't. it's the same in every country. and the big achievement in europe was that we had stopped saying that whether somebody showed their passport, we knew exactly it was a french person. and i'm completely against that. the germans, the germans, they are federal minded and the french, oh, the french. everything is in the center. they're centralists. that is exactly what europe should take us away from. in greece, they are people who did not alw

-- and we have more in the gold rush here and in germany.hat is coming up in a few moments. >> dozens of been killed and hundreds more wounded in a series of bombings and shootings in iraq. violence in iraq has increased sharply since u.s. troops pulled out of the country in december. >> all in the same day, u.s. president barack obama offered a personal apology to the afghan people. at least five individuals were reported killed in a fresh round of riots inspired by the burning of the karan near a u.s. air base. -- the burning of the koran near a u.s. airbase. >> the first talks after the death of kim jong-il in december. the two countries have been negotiating about pyongyang's nuclear program. >> a memorial service has been held at the cathedral in when a star is honoring the victims of yesterday's rail disaster. 1500 were killed and more than 650 injured. is believed to brake failure was the cause of the accident. >> prince daniel has announced that crown princess victoria has given birth to a girl. the new princess was 51 centimeters lo

first question comes from germany. it comes from anna. >> translator: you talked a lot about sustainable policy, coordination, coordination of the economic policies, but in the last ten years, the unbalance got worse between member states. don't you think that maybe we should tell the germans to work a little bit less, to export less and through the coordination to be a little bit more like the south europeans? >> translator: so pushing southwards. so do you think that we should go more towards the north or more towards the south? no. first, in the stability pact we talked about the unbalance between member states. the question is when we have the same currency, should we see each country individually? when we all have a single currency. the answer is no. in germany, we have never said ah, well, the bavarians have more money, in bremen they have less, so let's all do like the people in bremen to rebalance the whole thing. no. in germany, people who give the funds don't have to be more like the people who receive the fu

how does germany get a new president? >> it is interesting because the german constitution says that as soon as the office of president is vacated, in what has been put in place within 30 days. the clock is ticking. the race is on to name new candidates who can go before what they call the federal assembly, which is a group of more than 1200 delegates from the federal states who will gather in berlin sometime in the next four weeks and decide who will be president. >> were the likely candidates? >> right now, no names have been put out in the field officially, but there is already a great deal of speculation, as you might imagine. the first name on the list is the candidate who was put up a year-and-a-half ago. there he is in the tie. but at -- put up a year-and-a- half ago by social democrats and greens. he is a civil rights activist, a protestant pastor, not a member of any political party, but he enjoys great popularity in germany. the current president of the german bundestag, a member of chancellor merkel's conservat

it wants support from germany for arab league and it -- a initiatives, and once germany and europe toet on the same page in terms of sanctions on syria. germany is raising the prospect of further sanctions. chancellor merkel mentioned that today in her press conference with the general secretary. so we can expect germany to go along with the rest of europe and probably oppose further sanctions on syrian banks operating in eu and possibly on syrian commercial flights to and from the he you. the arab league is clearly looking for germany's support on at the diplomatic front. >> syria was not the only item on the agenda today between the two. there were also talking about one or two other things. >> we do not know exactly what was talked about in the meeting today. we have to keep in mind that the arab league is a rather mixed bag diplomatically, representing 22 different member states there. arab league representing the palestinians importantly and germany having close ties with both the israelis and palestinians to some degree. so we can at least hope that the two were talking today ab

i spoke already too much on germany about germany. but the first question brings us to germany again. i am sorry. if europe has the model of a social market economy and if i say there would be a heavier government in brussels for europe, how will this resonate with the republicans in congress and the u.s.? an eminent journalist is inclined to sharpening views than in the following sophisticated ifs and buts. but the social market economy contains the market for many of our countries in europe before the full impact of european integration. what you're really brings is much more pro market orientation. most of all in the network industries and they have been achieved because of europe. so europe has been a powerful sector for liberalizing the e.u. economy. speaking about the social market economy is done in the appropriate context that is not underlying the socially sizing effect of european integration. on the contrary. equally for the government of europe by justices, some functions will have to go out to brussels that can be brought

germany's security interests now extend far beyond its borders. to keep in step, he is trying to turn germany into a professional force capable of rapid overseas deployment. >> the reorganization of the german army will make it more capable than it is now. whether we use that capability is a political question. >> last year, germany ended conscription for the armed services. the new professional force will be 1/3 smaller and have fewer bases. critics of the reforms in germany is in danger of losing its international standing. >> at the end of this reform process, the german army will have less money, less equipment, and less staff. we are very concerned that europe's most populous country will not have a military strong enough to exert any influence. >> but what sort of influence does germany what? the sweeping changes in the arab world have shifted berlin's priority towards a more common european diplomacy, but a joint security policy would be of more value, something germany's defense minister says is still in its early days. >> the structures e

germany has not. decided that it wants to reconstitute the dodge martin get out they're going to be blocking the black holes. with no money either. by the c b or gallon the loans from the german taxpayer greece is neither here nor there it is not significant or important enough to worry about the state of the of its marker accounting national accounting or indeed or that he will call me on it. so should greece have ever taken that first i.m.f. loan bailout package i made myself credibly an ocular in this country when in april and may two thousand and ten i was i would gauging taking the bailout loan was the equivalent of collective suicide and is would constitute one of those instances in world economic history that would be taught and of example to be avoided in economic developments for the next hundred years how about the. oil iran or oil embargo going to greece the same like really another for us mistake or what are your thoughts alice the greek prime minister of a year or two years ago mr george

-- to curb right wing violence in germany?> the most important function of the committee is that it has a symbolic effect. it is supported across parliament by all parties from the left to the right. that is very unusual, as you know, for a parliamentary commission. in this particular case, the political establishment is saying, "we take the threat of nazi violence seriously, and we need to do something about it." >> john, thank you very much. >> kazakhstan's president is in berlin for talks with the german chancellor. angela merkel has called for a wider investigation into a police crackdown ordered by his government in december, but despite human rights concerns in the former soviet republic, they have agreed to tighter economic ties. >> the strategic deal worth 3 billion euros was signed in the chancellor's office. the agreement will allow german companies to search for raw materials in the mineral-rich central asian nation. merkel said the cooperation did not only benefit german industry. >> we will not just profit from ex

you have, indeed, god germany.all, you have greek's own politicians. >> what is going on in brussels? what is the general mood among greeks? is there hope that these talks will actually improve people's lives? >> i think most greeks are expecting another shoe to fall, because the full details of these new austerity measures from of the last week have not been fully revealed to greeks. so i think they are preparing themselves for more austerity, even above what they're dealing with at the moment. >> ok, thank you so much for that update from athens. >> more consequences from the standoff in the persian gulf. the price of crude oil has surged to a new nine-month high after iran's move to shut off deliveries to france and britain. a barrel of benchmark north sea crude now cost $120. tehran is threatening to cut off oil to the entire european union and less economic sanctions are lifted. a europe -- european oil companies say they will be able to make up for any halt in iranian supplies. iran currently supplies of arou

because they're totally corrupt and this leaves only germany if at the end of the day. finally this hour after decades of drilling russian scientists and antartica have uncovered a rare natural wonder an ancient lake buried fountains of feet under ice artie's sean thomas toward the frozen continent exactly a year ago and explains what this discovery could signify. vostok research base in antarctica it is the coldest place on earth and the deepest drilling location on the continent the main research was to drill the great your eyes as deep as possible to get these tiny bubbles off they are before brazil for about. four hundred thousand years at a certain point researchers made a new discovery lake vostok a team of russian scientists have drilled more than two miles into the ice and have reached the surface of the subway szell lake itself excited about the possibility of discovering life while the drilling project at legg is exciting for scientists and promising in terms of finding a new life form here on earth there are some who are thought of the project should continue

germany doesn't have a political risk because they are europe alberto gallo from r.b.s. goes on to say that he expects five trillion euros more indeed leveraging by european banks before it's all over so anybody who thinks there's inflation is wrong however this is massive deflation which is often the predecessor to hyper inflation massive deflation which is used to keep interest rates at zero percent william flay should come along though because there is no. the tolerance for that in germany they don't like inflation the member why more republic they're anti inflation so they will continue to run the entire game with they own all the pieces on the board in the europe zone and when the dollar crashes then germany's going to own the dollar as well germany is the true superpower here not china china is apple's keep manufacturing hub power per se germany is a natural powerful country but this five trillion euros deal leveraging in a deflationary environment cash is king if you have money you're happy many germans have huge amounts of gold many chinese have a lot of gold rel

and iran which way will germany swing well carthage is the answer again curfew. must be destroyed now many romans went and fought all these punic wars they fought as valiant soldiers dedicating their patriotic fervor to rome their lands were stolen they paid the price so that carthage was destroyed they themselves were the victims this is part of carthage this is part of iran being destroyed must be wiped off the face of the earth forever standing up to the empire that they could control the straits of hormuz based on a paper currency that is being diluted and the best into oblivion sure but it's a great deal in the world to get that we all know it's a currency that is worth nothing imagine if you came up with this fabric of paper here and i had to give you all my labor for that for just because you said it also still this is focused on this piece of paper and is a movie going to trade at a premium to every other currency out there on the globe well this sort of mentality of course trickles down even critics of safety net increasingly depend on it so this is an a

www.dw-world.de study in germany, the first pot of call for anyone interested in studying in germany. bee >> welcome back. the crisis in the eurozone is the big issue for angela merkel on her two-day visit to china. she arrived in beijing with the upbeat message, saying things in europe or on the right track. merkel hopes the pact will restore confidence in the markets and persuade big investors like china to support european countries in the crisis. our team in beijing went out to hear what people there think about china's relations with europe at this time. >> it will be hard for europe to get out of the crisis by itself. other countries should help. >> everyone should sort out their own problems. that is the best way. >> china has a large population and a huge domestic market. in a crisis, we are the best ones to help ourselves. >> the chinese government is better at controlling its economy because it has tougher ways of doing so in europe. then the chinese people can cope pbetter with hard work and are more careful with their money. europeans are the opposite. they should not be s

and his script from which he has to decide his lines was written by germany germany has effectively subcontract of the half and mr johnson in particular the task of imposing onto greece these days the measures the brilliant example but the i.m.f. doesn't believe it is the state's measures so this is christine lagarde is making some quite notable and interesting speeches that are going against the kind of medicine the police is applying to the patient and his mrs domes and between those two. places the hers mindsets one is out of it of his bosses in washington and the other is with the german leaders which is contracted mrs domes to effect policies of this of dom's nose are quite poisonous not only for greece but more generally floor of the global economy ok now this is that are saying they other bureaucrats in brussels have just found another fifteen billion euro black hole greece. this seems to be a recurring theme how many more black holes do you expect to be found in great financial universe before it's all over it really depends on whether germany is ready to let the eurozone go germany has

germany and france in the names of francois mitterrand. and also john chancellor kohl knew the project was incomplete and they expected that those who would follow them will complete the project but what do instead is the development of tremendous imbalances between the into the eurozone countries you does not possible to expect the german you will always have a surplus unless of the counter is such as greece and portugal have deficits ok and therefore this is how we've created the let me growth pattern let me jump. in here i mean people i mean we just heard that other countries would follow the it would follow the political union thing but people didn't vote for that i find that inherently undemocratic and that giving people a choice ok i mean what what happens on the net when the next congress comes in in greece are they going to vote against the the this austerity package they are bred of course they are and not only in greece we already hear echoes of this and france this is where francois hollande the leading member of the opposition

i spoke already to match in germany about germany, sorry. but the first question brings us inevitably to germany again. i'm sorry. did i describe -- if europe has the model of a social market economy, and if i say that there will be a heavier government in brussels for europe, how will this resonate especially with the republicans and in the u.s. he is an immineeminent journali sharpening views rather than sophisticated ifs and buts, but it contains the market for many of our countries in europe as they were before the full impact of social -- of european integration. what europe really brings is a much more president obama market orientation. most of our domestic in the industry, therefore have been achieved because of europe. so europe has been a powerful factor for liberalizing the eu economy. and so speaking about the social market economy, if, then, in the appropriate context is not underlining social effect of european -- for the government of europe, i just said, mario, some functions will have to go up two, others can be evolved to t

germany has not been france in nearly 25 years. >> staying with sports, a final bout for germany's most female sporting stars. she is gearing up to compete in her last ever by avalon world championships. >> she retires in three weeks' time, but she's not planning and coasting her way to the end of her career. we see her in training. >> moggy elena, germany's best medal chance that the by at the law and world championships. for the past 10 days, she and her teammates have been making their final preparations in austria. intensive training and she hopes will pay off in the big event. >> i am excited about this. it will be a great atmosphere and the stadium, and there will be so many people. >> she will be starting in four individual races and two relays. she hopes to win a medal in each event. her confidence is high after a world cup season that delivered eight victories. >> i have been working hard. i have a good mental coach and a good sporting courage to give me optimal support. it is a great combination right now. >> it could be the final entry in a long list of achievements. in just

and from the dark spears of germany and home in zones of wealth so that germany's leaders of that effectively dug a big hole for themselves and if live fall in it now of course the people who are actually suffering in terms of. basic human costs that is hunger and. just genuine human heart other people in the deficit countries greece being the worst but there is no doing much better in spain portugal ireland. and this whole process this simply is spiraling out of control right and the average person grace is having their their minimum wage cut by twenty to twenty five percent currently at seven hundred fifty euros per month down to six hundred euros per month so this is just they're scapegoating the average person right just again on their status i'm saying they. are just basically committing kind of a financial genocide for for far right. it's not all fun from their perspective if a benefit for anyone for sure but from a perspective mrs merkel has a very important task ahead to survive until the of the federal election and to have her coalitions of life she would need to do to give greece's

you say a financial holocaust puppet perpetrated by germany but let's look at what germany and of the e.c. be the i.m.f. the krauts in brussels it seems that to some that they are force feeding high interest loans here some are saying that putting a stranglehold on members of the euro zone and then only squeezing tighter is it is it the age old story of the rich getting richer they've been force feeding toxic debt for ten years going all the way back to the creation of the euro we now know that goldman sachs on wall street force fed accounting fraud so that greece could be included in the euro this is all planned ahead of time because germany knows that eventually it would all fall apart germany's there to pick up the pieces germany storming into greece storming into portugal will be storming into spain this is the fourth reich this is all been baked into the cake as i've been saying on the show for quite some time it's germany holds all the cards they're playing them brilliantly. so the measures agreed upon on thursday include further cuts of fifteen thousand jobs and lowering the mi