the american economist and nobel prize winner joseph stiglitz has said the severe recession in europe would jeopardize the future of the irish economy. speaking to a tee for instance tickets at the near future on the euro zone requires structural reforms. really where ireland goes going to lie down where your prose and europe so far isn't going very well it was a good news that they've finally lowered interest rates yesterday. but the fact is that europe is in one might be called depression surely a very severe recession. austerity has not worked. and unless your changes courses including this structural reform of the eurozone itself the rules of the game the prospect of your end of ireland are not that great talks aimed on dissolving the ranges disputes over the threat disclosure of the cabin crew base at shannon airport of a turn for the thing. the resume tomorrow at midday the neighbor mason's commission or near the union impactful and thus its members were prepared to strike if the disputes over outsourcing jobs on new routes from the airport was not so. the td listen to the dolla

i'm reading joseph stiglitz. reading, i just read thom hartmann and i just ordered his book on the crash of 2016. and i really wonder how much time we have, and how frightened should we get the american people, or how concerned should we get the american people on this issue? >> well, it is problematic. when we get the stimulus bill, the stimulus bill in 2009, i'm not a fan of the. it was more short-term stuff but it was a sugar high stuff, get the economy edges and things will be good again and to work. we talked to infrastructure spending them. the famous shovel-ready. that will take too much time. if we did and we would have the jobs by now, better waterways. so we need to get off of the shorshort term thing and we neeo think long-term. if we start now, same thing with entitlement reform, wait until the problem is upon us, the options will be much more limited and much more severe to do with. without changing the culture and changing the mindset of our political leadership, i'm sorry, i wish i had a good answe

i'm reading joseph stiglitz.read tom hart and then i just ordered his book on the crash of 2016. i really wonder how much time we have and how frightened should we get the american people or how concerned should we get the american people on this issue? >> it is problematic. when we did 2009, i'm not a fan. it was more short-termtock. let's give the economy a little boost and things will be good. we taled about infrastructure spending then. i would take too much time. we would've had the the better waterways. so we need -- we need to gt up to short-term thinking. we need to think long-term. same thing with entitlement refor the action are going to be much more limited andng ireany direc. what is the most local government or solutions that can come out of washington to some of the problems were describing? >> i think in the near term we shouldn't look at washington. the state governments are doing a lot better job. we're going to have to step in and fill the void. corporate leadership on this would be nice, too. l