yeah i think well first of all i think it's wrong to talk about the united states of europe because that leads to a comparison of the united states of america which is a wrong analogy many respects the european union comes from a completely different kind of development and i think you know we've done are not doing anybody a favor just trying to make superficial comparisons with united states of america fiscal union yes but the question is obviously what it what it means and obviously fiscal union is not a matter of now no tomorrow yes it is also a matter of development and evolution in this i think i think it's absolutely important as the other speakers have also stressed that we have a more public debate and take the people with us and that has been has been neglected over recent decades i have to say about i think that's a trajectory that's going to you know it's going to happen and the other thing is i think you already pointed to a very important for the and that's going to actually open in the european union it's the e.u. seventeen plus the e.u. ten and the city of london versus ba

like it doesn't make sense because this is all of the illogical this is about creating a united states of europe to have a united states of europe they need the code and see we knew at the start that the euro could never work without full fiscal union the problem that they had at the time was that there was no appetite for full fiscal union right across the peoples of europe there still isn't any appetite for full fiscal union so the idea that you have germany increase in the same code in c. with the same interest rates could never where the whole thing was going to fail and what we're seeing now is the whole thing the rivaling in front of our eyes and at the moment if they agree to this a billion bailout like we're being told has happened that the cabinets in athens have agreed to it will mean that thirty thousand people will have to be sacked increased over the next couple of weeks otherwise greece goes bankrupt and we've seen austerity measures being implemented all of a greece absolutely months now this year has been a terrible year and can you give me a point blank say here if more bailouts

working for the use of we as a cohesive group know what you have is basically you have a united states of europe with the e.c.b. being the fed and all of the different. it's like the individual states in the united states but there's no federal government so how does that how's that going to work it's not so you have you so you see it's easier to say either are really united states of europe with a federal european government or breaks that exactly what about this i want to take a look at a couple countries that have defaulted obviously these are not entire you know i don't arizona but they're individual countries and i want to look at what's happened to g.d.p. after they truly defaulted so one is russia if we can bring up that chart so you can see in ninety eight there was a financial crisis they defaulted and look at the g.d.p. i mean look at that how much it regained and look at that growth and then another example i want to look at argentina. you can see where they defaulted where it's it's circled right there and then you can see there really strong recovery after that would this be a solut

into substantial debt they didn't also believe that we were going to have a country called united states of europe so what you're seeing in germany is the realisation that for many of them like many of us in the united kingdom in the rest of europe i've been fooled by a political class you have one agenda if you take some of the polls that happened over the weekend as we as you could have read and seen or been published forty eight percent of germans now will start supporting the euro skeptic party i.e. one of those that believe they should get out of the european union but you have to ask yourself why are they doing that they don't want to see the danger of the bailouts affecting their country they don't want to see their lifestyles affected in the same way they know that if they can't put if they put debt upon debts to build more debts which is affectively what these new bailouts from the f.s.a. is it's you know a country default scheme it's a large ponzi scheme of debt derivatives they don't want to be part of that because they know ultimately it will be germany that is on the line their lives

the elected leaders say they want to further integrate europe, to create a united states of europe. the people do not want to go there. something has to give. towasn't the euros supposed prevent problems like these? >> it was designed -- the subtext of the euro was we're going to yoke germany so cannot evade anybody. we are going to make -- it is going to be one big happy family. the problem is if you have a currency without a fiscal union , without a central taxing, and if the countries to pursue different policies, greece was not competitive, it becomes unsustainable. greece accumulates a lot of debt. at some hat -- at some point they cannot do it. if mississippi is less productive than indiana, people leave mississippi. the dublin -- the federal government can subsidize in mississippi. we have a mechanism for dealing with this. when they designed the euro, what they thought was there is going to be a crisis but it will be 20 or 30 years from now. meanwhile we will become so in integrated there will have an incentive. i about to jump out of my seat, new picked the states. i am bor

this parliamentary chamber with mr barroso these people are absolutely intent on creating a united states of europe care how many millions of people probably unemployment strappy they don't care about the tide of human is misery that because they have got their political goals it basically goes they can only think of a need a couple a trillion to bail it out what is the point actually of bailing these countries are one of the bailouts all these bailouts helping the people in greece and portugal know what they're actually doing is they're giving money to these countries to give back to our banks who over the money in the first place i mean the whole thing is what these countries need who are trapped inside these economic prison for these they need to devalued without devaluation having austerity packages pushed a problem which is forcing them into a downward deflationary spiral which in my opinion in greece and possibly in portugal too could lead to revolution what we're doing is stupid and very very dangerous indeed. more news videos and the latest of these are waiting for the online right now i am

this parliamentary chamber with mr barroso these people are absolutely intent on creating a united states of europe they don't care how many millions of people are just totally out of bullets crappy they don't care about the tide of human lives and misery that they cause they have got their political goals in the first place and the whole thing is man what these countries need who are trapped inside this economic prison called the euro is they need to be value without devaluation they're having austerity packages pushed a problem which is forcing them into a downward deflationary spiral which in my opinion in greece and possibly in portugal too could lead to revolution what we doing is stupid and very very dangerous indeed there is now a split in europe from north to south and in the north we are witnessing a democratic revolution against the whole concept of the euro and the idea that people like mr barroso and my old friend herman van room ploy should govern five hundred million people it is not acceptable. here it is taking the lead in europe's hands to go green and promises to give up nuclear p

this parliamentary chamber with mr barroso these people are absolutely intent on creating a united states of europe they don't care how many millions of people unemployment scrapie they don't care about the tide of human is miserable because they have got their political goals but the reality is that not only economically is this failing book politically it's failing what is the point actually of bailing these countries or one of the bailouts all these bailouts helping the people in greece and portugal are to know who they are not what they're actually doing is they giving money to these countries to give back to our banks who were lent the money in the first place i mean the whole thing is what these countries need who are trapped inside this economic prison called euro is they need to devalued. it with r.t. and we got plenty more ahead this hour after the u.s. claims that they are covered in an assassination plot by iran. this question the evidence of why ted rowlands would have a motive. for the system to come back to boots gunrunning trial starts in new york here in suggesting that america's de

this parliamentary chamber with mr barroso these people are absolutely intent on creating a united states of europe and they don't care how many millions of people are chucked out of the unemployment strappy they don't care about the tide of humanism misery that may cause they have got their political goals but the reality is that not only economically is this failing the book politically it's failing and what is the point actually of bailing these countries out one of the bailouts all these bailouts helping the people in greece and portugal i don't know who they're not what they're actually doing is they're giving money to these countries to give back to our banks who over lent the money in the first place i mean the whole thing is mad what we use countries need who are trapped inside this economic prison called the euro is they need to deal. value. you're watching r t international with me kevin and we've got plenty more ahead for you this hour of course after the u.s. claims that they uncovered an assassination plot by iran we report on how analysts have questioned the evidence and why to whatev

read in this parliamentary chamber with mr barroso these people are absolutely in creating a united states of europe they don't care how many millions of people probably are employed scrapheap they don't care about the tide of humanism misery that they calls they have got their political selves but the reality is that not only economically is this failing but politically it's failing and what is the point actually of bailing these countries out one of the bailouts all these bailouts helping the people in greece and portugal are not what they're actually doing is they're giving money to these countries to give back to our banks who over lent the money in the first place i mean the whole thing is man what leads come to. is made who are trapped inside this economic prison for these they need to do you value and of course you are with our teeth and we've got plenty ahead for you. and ultimatum for kosovo's serbs nato demands the removal of roadblocks at a disputed border crossing with serbia and stay with us to learn if it has the right to make that kind of request. to us officials claim they have for o