mr. barroso: it is a work in progress.as a reaction, we made some progress. it was my commission the put forward the proposals for the banking union -- -- banking union. mechanismesolution for the euro area, but there are two pieces of legislation that have not been approved. ofneed to be bolder in terms the creation of a capital markets union. it is a work in progress. the european union is always very reactive and sometimes they need a credence to take steps forward. it makes sense to have more financial integration. we have a common currency and a monetary union. euro.bers of the grexit did not happen, greece is still with us. we have not done enough in terms of financial integration. tom: are we at the point of crisis right now when we see any given major bank move from 90 euros per share down to six euros per share? there is talk of the chairman being shown the door. are we at a crisis where europe can effect financial change? mr. barroso: i am not in a position to comment. you have more experts and goldman sachs than

will be talking with mr barroso and mr shargel because we urge procreating and i can see. so it's all go down to the united states creating obstacles to this process because we believe that the united states know how to. take a step back from this destructive policy. for raaz we have always committed. political and diplomatic dialogue. the diplomatic approach jag always civilizational. tens of thousands of years. of being religious people we have not been looking for a conflict or a war we've been trying to solve issues through dialogue as well as the united states or a much smaller timeframe has existed it created more wars that we have been participating in history that spans over towns of us i was in this years. we've just been listening there to a joint media conference between sergei lavrov fund zarif the foreign ministers respectively of russia and ran a lot spoken about over the last thirty minutes there but as you could hear the big topic being to ron's announcement earlier of a gradual scale don of the country's nuclear commitments in essence the twenty eight fift