crosstalk austerity measures around the world i'm joined by people meldrum in london she is president and founder of principal alice asset management also in london we have fragged his cause philippe is he is a senior lecturer in international business at the university of kent and in new york we cross to dimitri poppy dimitrios he's the executive vice president of bard college my focus is rostock rose and if i can use you can jump in anytime you want dimitri if i go to you first the new york can i stared to bring back prosperity because we have unemployment is a rate increase particularly in the eurozone and the prospects for employment are pretty bleak how can you have prosperity when there's so much unemployment and people would say austerity creates unemployment because of the loss of jobs in the public sector. well up linus terry the. climbing moment or a decline in economy is not the right medicine clearly asperity can only. when there is an increase in demand an increase in demand if he doesn't come from the private sector you need to come from public sector so therefore when o