towards functional collapse that's the real anywhere vestment advisor patrick young here's some more of his thoughts. european union are trying to tick fiscal control of greece because they think that's the only way they can actually control the crisis essentially what is being fought at the moment is a battle for the sovereignty of greece the european union is too slow to you there's too little leadership and there is a pig headed intransigence particularly amongst the finance ministers but this specially amongst the leaders of the european union asians in terms of understanding that they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running out because greece is leading the contingent that is going to kill the euro by the end of the year if we don't see positive and rough production realistically that action means that greece needs to leave the euro because the problem is we cannot leave citizens of the european union just starve to death because it suits the troika of international lenders expert opinion from patrick young a

patrick young than if you not checked out our web site today at r.t. dot com to neither expected it steals the show at a euro twenty twelve opening ceremony of creating a capital for a controversial feminist group gatecrashed the high profile of its more pictures of that if found see it online tonight and a coffin of creativity look at this it is easy to join the people of garner and their belief that there is just a step into another life or thought of find out more the works of an african craftsman on display in moscow later this month. this last week the u.s. led war in afghanistan passed its ten year mark with nato troops still no closer to victory over the taliban the chorus of criticism of the occupation gets louder meantime with the latest failure stamp coming from a former german general who planned this nation's role in the operation a decade ago nato plans on a full withdrawal from the country by the end of twenty fourteen birders jason model of reports the evidence on the ground shows there is no rush to leave. if the united states is drawin

financial analyst patrick young says the situation in greece is so dire more belt tightening won't help shed its debt. i think we're actually coming close to the end because ultimately the greek economy is in such a mess there's simply nothing can be done i mean what we're trying to do here is take the world's most obese person and give them a crash diet so they're going to turn into i don't know cindy crawford by the end of next year i mean it's simply impossible you can't do that the greek railways for example i mean the salary bill something like one hundred million euros the total amount of income is like one hundred million euros in total it costs about seven hundred million euros i believe to run the railway system you cannot possibly manage to change those numbers in such a short period of time the simple truth is greece has too much debt no matter of belt tightening is going to change it knowing what's going to happen use we're going to have to take what we call in banking terms i haircut on the debt and ultimately it's not going to be cutting of the hair a lot of people are goi

ministers have rejected the possibility greece will default on its loans but investor adviser patrick young says athens it needs to leave a single currency if it wants to save its economy. the european union are trying to take fiscal control of greece because they think that's the only way they can actually control the crisis essentially what is being fought at the moment is a battle for the sovereignty of greece the european union is too slow in doing it there's too little leadership and there is a pig headed in trying to germans particularly amongst the finance ministers but they're specially amongst the leaders of the european union nations in terms of understanding but they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running out because greece is leading the contagion that is going to kill the euro by the end of the year if we don't see that auction realistically about action means that greece needs to leave the euro because the problem is we cannot leave citizens of the european union to starve to death because it suits the troi

investment advisor patrick young says the lack of direction at the top of the e.u. is a major factor in the spread of the debt pain threatening to destroy the euro currency. the european union are trying to cheat fiscal control of greece because they think that's the only way they can actually control the crisis the european union is too slow in too little leadership and there is it he headed in crunch regions amongst the leaders of the european union a chanst in terms of understanding that they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running because greece is leading that contingent that is going to kill the euro by the end of the year if we don't see positive production because the problem is we cannot leave citizens of the european union just starve to death because it suits the troika of international lenders a dozen british banks are their credit ratings dropped this week moody's decision comes after the government says it's unlikely to belle-isle dry and right lloyds and r.b.s. of big trouble again

tara furthur pour in there for more on greek debt crisis well now targeting investment advisor patrick young has i'm. missing out thanks for being here with us in the program first star well this isn't the first time the decision to release bailout money to greece has been postponed why is that. look the simple problem is that greece can't make their numbers and i think the tragedy of this situation is that the greeks have been so we. are they're not what actually is their budget for so many years i mean this is been going on for ten maybe twenty maybe thirty years but they simply cannot account for where their money is and ultimately the european union and the other lenders want to see the idea that greece is making considerable progress on balancing its budget and the tragedy is that it's probably just too little too late the e.u. has been slow and analyzing and are going on the situation the greeks were far too late and admitting what they're crisis actually was and ultimately as we can see the people are suffering enough and in iran greece at the moment and that's a tragedy. well in that

on their greek bonds holdings or paris says twenty one percent is enough to financial analyst patrick young says president sarkozy is acting in his own interests. some governments particularly the french are trying to effectively to foreign financial gravity and say oh no hold your nose for a moment this is actually not such a huge crisis we can get away with about twenty percent why do they say that because the problem is but ultimately these buying in for arms sales they're not being in need of government bailout and the french government don't want to do that because the french government are deeply concerned about their own credit rating for the french government and mr sarkozy is terrified that he's going to lose the election next year and be thrown out of the reserve palace as president. well it was europe's best economic and political minds fouling to get the greek economy back on track we asked what you think the way out could be you can submit your votes on the r c dot com home page this is what the results are looking like so far almost half of you advise the op is to follow ameri

about one percent of the four hundred forty billion mark for the fund but as financial adviser patrick young says it's in no rush to foot the bill for other nations. ultimately this is a question of not just principle but actually rational economic well being of the ordinary working people of slovakia they have ensured incredible cuts during the course of the last few years in order to keep the slovakian economy going and ultimately therefore we have this political leader richard selig of the freedom party who's saying enough is enough why should we have a situation where five million slovakian people are expected to pay seven billion euros in order to pay for greek people to help pensions three times larger than the old age pensions in slovakia and ultimately that doesn't make sense i mean slovakians are the lowest wage earners in the euro zone they're incredibly fiscally pragmatic they run their economy in a very sensible and intelligent way and ultimately they feel very very are great with great justification about paying for greece that is ultimately an economy where the government lied

right there what i mean time investment advisor patrick young says that the e.u. needs to act much more quickly on the greek crisis if indeed it hopes to remain intact essentially the european union are trying to take fiscal control of greece because they think that's the only way they can actually control the crisis and you know what they're probably right but probably is the only way to get the crisis under control if they're going to try and keep greece within the euro zone the european union is too slow in doing it there's too little leadership and there is a pig headed increment insurance particularly amongst the finance ministers but there's specially amongst the leaders of the european union asians in terms of understanding that they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running out because greece is leading the contagion that is going to kill the euro by the end of the year if we don't see positive and rough production realistically that action means that greece needs to leave the euro because

recession in the country and in the usa as a whole so far as reporting their investment advisor patrick young says that he or opinion needs to respond to the greek debt crisis much quicker if it's to stay intact the european union are trying to keep this cool control of greece because they think that's the only way they can actually control the crisis essentially what is being fought at the moment is a battle for the soul frontier greece the european union is too slow in there too little leadership and there is a pig headed incremental germs particularly amongst the finance ministers specially amongst the leaders of the european union issues in terms of understanding that they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running out because greece is leaving with contagion that is going to kill the euro ruled by the end of the year if we don't see the whole job and run production realistically about action means that greece needs to leave the euro because the problem is we cannot leave citizens of the european union to starve to death b

just starve to death because it suits the troika of international lenders expert opinion from patrick young a lot more about this big ongoing story on our website of course our convoy of a moment to check out these two we've got for you posted tonight i don't expect it x. steals the show to your attorney twelve opening ceremony of an in the ukrainian capital for a controversial feminist group gate crasher the high profile event we've got more pictures there if you'd like to check it out also talking checking out early start all the creative coffin carpenter who had braces life for flight in the face of conventional funerals catch these works of american craftsman who's responsible for making his everything's their honest play in moscow later this month we've got a preview pictures if you want to check them out. this week the u.s. led war in afghanistan passed its ten year mark with nato troops still no closer to victory over the taliban the chorus of criticism of the occupation meantime gets louder with the latest failure stand coming from a former german general who planned his nation's ro