stepped up for almost all euro states this week we're going to talk to robert oulds he's chairman of he brooch group think from london robert even a more eurozone heavyweight economies spain france even the netherlands of seeing even the cost of their borrowing rising now what is your take on the situation in the e.u. right now as we stand tonight well the economies of the eurozone are failing their growth is non-existent in many cases their colonies are going backwards a debt spiral and their lack of economic growth is not helping at the core of their problems is the eurozone problems caused by the single currency and there's serious economic difficulties which are just not being cured whilst these countries will mainly within the e.u. single currency the euro could this even affect this could take everyone's word about even effects of the countries that were thought to be never at risk something in france it's said to be in trouble now the early stages of it with escalating debt or even rumors it may lose it's a much coveted aaa rating in terms of financial security where does paris

get cross-talk the prospects for the eurozone i'm joined by robert oulds in london he is the director of the bruges group also in london we have caro new he is chief executive officer at the center for european policy studies and in minneapolis we cross the clare hill she's professor at the university of minnesota law school all right folks this is cross talk that means you can jump in anytime you want all right robert if i could go to you first and you know we can talk about the financial nuances about this i think everybody that's been following the story knows basically that the big numbers involved but you know as we i thought last week everything had been decided i thought everything was going to be done you know it was out of close a mark or they had decided everything decided to fate of three hundred million people and now we find out well not really and even the national governments they're not particularly sure what they want to do the french are just worried about their aaa rating and what's going on in greece now well maybe by the time this program airs we'll have a differe