tv [untitled] October 17, 2012 2:30am-3:00am EDT
position economically can it keep that up germany is not at all in the driving seat germany's economy is functioning but germany is driven rather than driving by the processes that are going on unfortunately i think the current system will last for a while because the european political elite really has sworn to defend it whatever the costs and the car sign norma's so really the current system is hurting europe we have to make some changes but i do think that the current rather detrimental state of affairs is going to continue for quite a while we say germany isn't in the driving seat what can change that well what we do right now is we have the fiscal union which is austerity which means we save on the back of people of taxpayers in the south and in the north the euro has created the problems because the euro and that's what i predicted in ninety eight ninety eight in a lecture at boston university the euro will create artificial wombs in some areas and artificial busts than others because we don't have an optimum currency area and
that's exactly what happened also it created the competitiveness problem for the south because wages went up and so on but they couldn't devalue any more and that's the root cause of the problem and we're trying to mistakenly correct that and rectify that by. by saving by public by by cutting down public deficits which will not work in the situation and at the same time we're saving on the one hand on the other hand we're having a hugely expansionary monetary policy that so we are stepping on the gas pedal was one foot and on the brake was the other and that's the frightening and so one would have to ask. who benefits from that kind of policy and they said that it could in deficits wouldn't work perhaps would getting rid of the euro. getting rid of the euro would be very painful it would work in the long run because we had a perfect system before the european monetary system which was just the right mix
of flexibility and stability it was a stable system but you couldn't just it if things went out of hand so that was a good system going back there theoretically would be great practicality it would not be great because it would be extremely painful but. what i envision is that some period some countries leave the euro like greece and maybe later spain and portugal italy not so a flexible union countries that are not ready to stay in should leave and that's not the end of the eurozone quite to the contrary it would strengthen the euro zone but the european political elite. is basically upholding a dogma if greece fails meaning greece leaves the euro greece has failed horribly greece is basically a failed state but they say of greece fails the euro will fail and europe will fail all of this by itself is wrong and in this connection is also wrong so we have to
ask again who benefits from that state of affairs is there a chance that we could see a champions league monetary union created with the likes of germany austria the netherlands and other countries with underneath that a second tier of monetary union there are some proposals out there to really split the euro into a northern europe the southern euro southern euro or. there's some proposals out there to really split the eurozone into another and so on and the southerners so on but that's not really working that will not work for political reasons you cannot split france and germany then france will be really let's say insulted that's just not politically feasible if you do that then you might as well get rid of the euro completely so france would have to stay in the champions league and so that by definition would be very difficult in that sense. and also who's going to lead the size and who's going to be the point around which they will rally so that the
mind boggling the problems around negotiate such an arrangement getting countries on board so they're much more flexible and also i think sufficient approach at this time is to have individual countries opt out if they just cannot comply was current policies and of course research should leave rather today. and not tomorrow because it's really clear the policies are not working we're really having the austerity program which puts the country deeper into difficulties the g.d.p. is shrinking people are suffering the only people who are saving is the financial elite is the oligarchy that has been ruling greece for about two centuries because we save the banks so we save the banks and the creditors at the cost of the people and that's not great so you saying that it would be better for greece to leave the euro take extreme hardship for say a generation and then benefit in the long term it would be extreme hardship but we
do have extreme hardship right now also i'm not sure how much more extreme it can get and would not be a generational in my in my projection would be about five years three to five years and of course if they leave the euro zone. the european countries should stay solidary they should give. measured aid they should give support project the. should supports a bang so we're it's not the end of european solidarity but it would just be a healthy arrangement now looking at some of your work you seem to suggest that there's a problem with the german mentality when it comes to taking things forward economically . yes i mean some of the factors in europe are still the same france is pretty much behaving like it behaved one hundred fifty years ago england is behaving that way. russia we'll see but one country that has really changed is germany i mean there is this guilt complex we can say it openly still from world war two and we believe if
we just give up sovereignty and german interests we will have europe but that is a little the jumpers a little softer so to say i mean less germany doesn't mean more europe. if germany has viking ships will use them to create a stronger europe but i doubt that we do it by creating the by supporting an unsustainable arrangement was the euro as it is by doing a fiscal pact which is basically strangulating european economy so in that sense germany should indeed assert european interests i would say more strongly sorry sorry to interrupt you what are these bargaining chips the bargaining chips are not many anymore and we gave one way again which is the yes and which is i mean still european increase in the capital of the years still requires. a sense of parliament and so on but parliament really is lame parliament
a sense because the major parties in coalition government and outside always agree to stock up the capital so there's an encroachment upon sovereign budgetary rights and the parliament is not defending those but basically that's the last bargaining chip our sovereign budgetary rights and i just clarify that by e.s.m. you mean the european stability mechanism not say a pox whereby all the countries put money in and it's given out to those countries that need it most will not work in europe and yes the years and missed the big part european money will be distributed somewhat like the. i.m.f. should the money should flow to countries and problems. under certain conditions at this point how it's constructed we give ever more money to that result saving solving their problems. and the money flowing and basically exacerbating a prolonged prolonged the current unsustainable situation now german chancellor
angela merkel's always been a big supporter of the eurozone saying it must stick together is there a chance that german fiscal decisions are being made based on political decisions because looking ahead to the elections will be taking place here next year well marked with the case is very much listening to the other countries at some point in december two thousand and three and sarkozy's said after the consummate response to leave it can leave we're prepared but there was a short short blink of truth but the dark my is europe has to stay together and it's basically a dogma based on wrong premises to blackmail germany to blackmail the novena countries for the benefit of large financial institutions for the benefit of what i call financial oligarchy for the benefit also of course of the southern countries and the elites in the countries now you mention greece leaving you've mentioned
germany being blackmailed there is there a chance that we could see germany pull out of the eurozone. germany could say we've had enough of that we're going on our own again but it would be extremely costly for germany i mean. it is possible it could be done but at extreme cost to the market the movie my push it up we would deal with it at some point i mean it would not be the end of the world but it would be extremely costly. so i don't think any german politician would propose that or maybe fewer injuries but very few so there's a theoretical chance but i don't see it within the range of the possible for political reasons but wouldn't a greek exit from the eurozone be devastating for germany economically germany would be heavily affected if it left the eurozone that's why almost nobody is for it in germany it would be extremely costly once again but so far in history every
monetary union at some point has come to an end if there was no political union so this union will come to an end but it will be way in the future so the pain is not big enough so you suggesting that a political union could be what's needed to save the monetary union. i'm a firm believer in the fact that germany should play its strength more actively should have a more active stance in the negotiations but also as most germans are really dream of a united states of europe but then we have to start with a parliament that its worth as its name a government that is elected by the parliament not a commission we have to start putting together the true parts of high politics like defense security those things have to be integrated and we can of principle of subsidiarity for economic policy so right now we're building a technocratic euro for the benefit of certainly leads for the best for the benefit
of the political for the benefit of the financial elite which is not really a citizen to europe so you're suggesting that germany should lead the way in convincing countries that would be in this united states of europe to essentially give up sovereign rights germany cannot lead by itself this german french tunde has to work it's a difficult time them and i'm not sure we can really make it work but even so i can see your merkel have learnt to work together but marvel has been to deal doing so i'm not sure how the french german tandem will work once romney becomes a bit more assertive. points to basic things that have to be done but without french german cooperation on this it will not happen.
the legacy no one should be proud. of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the burgen archipelago don't make a pretty picture if the guiding principle here is the worse the better locals like to tell the story that back in soviet times when norwegians were visiting barons were they also an express lane. and how prosperous this was well times have obviously a change when they saw it lags they still attracting the region tourists or barons work i would then cons watch native cash that's why while. our goal is common as was uncovered here a few days ago instead of throwing it away the local administration decided to paint the bin you and put it at variance with central square that in the nine
hundred eighty s. there was a burgeoning mining community the soviet union was determined to maintain it costs . are located halfway between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the use of western most outposts now it's one of the last preserved relics. of the soviet union if it was cut off from any financial support for two decades curious interested i think it could be even more appealing for russians trying. to keep its presence on spitsbergen russia still maintaining a coal mine here but in terms of profit is far behind local souvenir shops so we can. bill it is a big hit the defunct arne curtain still helps keep the money flowing because it's
the russians who you know what you can put in robles. you know the local administration is increasingly under pressure to bring the infrastructure up to more than standards if these modernization efforts i'm not very popular with tourists if you come into a very authentic place like. it should stay the way it is that would be my wish i mean that's the part of the you know authentic tradition. i should not like to have it in the shiny condition to be the time to change even for the better is not always good for business something that even the local band has become attuned to when they try to add the morning russian songs to the repertoire of the audience called the wanted to hear it was a song comfortably familiar. accusations
of lines and hypocrisy are flung both ways as brock obama and mitt romney locked up and ultimately faced out of the presidential vote while the candidate from the green party jill stein is arrested for trying to enter the exclusively bipartisan debate. donna don't preach the singing superstar is sent a summons by russian prosecutors after several activists take a fancy to her concert was accused of using the stage for promoting homosexuality before a crowd of twenty five thousand. plus israel makes sure the world remembers the millions of jews killed during the holocaust meanwhile in the country dozens of survivors of the terrors of the third reich die without any help from their.
next here on our team. sports. thanks for joining us this is boortz as they are busy busy day let's get right to it. by the skin of their teeth that russia make it four wins from four in world cup twenty fourteen qualifying but azerbaijan pushed them all the way and moscow. come back king sweden germany on the footballing world by recovering from four goals done to draw their group c. in contra burdens on the bank stadium. medals on their mind we catch up with two of russia's prime candidates for success at the next winter olympic games in sochi. victories
a victory but fabio capello will not be too unarmored with the way that russia maintain their perfect record in qualification for world cup twenty fourteen richard von porte faith and is the story of a tough night in moscow. russia will finish two thousand and twelve on top of group path a perfect record of four wins from four games however they were made to work very hard for the latest picture as a by john however three pointers for the points of view capello was delighted that his team had hit to concede and therefore qualifying group games so far as the deal is to do this will be a good game as a bird or a force to be reckoned with in the first half of games and they don't concede but the voters organize the very world should this organization tonight but we managed to win and this is a very important result for us. luzhniki was far from full but the fans did turn up certainly did their best to cheer on their respective teams azerbaijan showed from the early encounters but they haven't come to moscow to make up the numbers to the
russians until around a quarter of an hour mark before they start to hit their stride but they weren't helped by playing against a team who really weren't interested in playing football and were very rough to play against selves they did nothing throughout the game they never looked to attack only try to stop us history and that's the best they can play i feel sorry for them russia continued to be frustrated in the second half despite alexander because of government should all cope and to be combative all going close but they're finding it very difficult to break down and azerbaijan side often putting ten men by high in the ball and have no real interest in attacking themselves well there you have a number of close opportunities russia to create a number of chances but a combination of good goalkeeping until finishing scores a goal or staying in the final ten minutes it's always difficult to play against such sides who just want to defend in a way it's easier to go up against portugal her actually want to play football i don't know what they wanted to do earlier today that they were more than us that i'm happy we won you can play good news but we got the result we needed i think
it's better to play poorly and win and qualify for brazil if the brazilian story which it seemed as was about sharma going to hold on to what would have been a completely undeserved. points for just minutes from time roman shock of hit home from the penalty spot to save russia's blushes but it seems that russia still having to learn a plan b. just isn't the euro championships in two thousand and twelve but they really struggled to beat teams or in school organs teams who put a lot of men behind the ball amounts recently mccarthy a capella has got to work on it his side want to be successful well here the positives russia bissett top of group effort with four wins from the four games have played so far with no goals conceded and things are looking very good for the fabio capello's side going into two thousand and thirteen richard boldly darty moscow. elsewhere in russia's grip israel moved off to second place following a routine three nil home win over look sumburgh while one of the shocks of the evening occurred in porto portugal held to a one one draw by northern ireland side one hundred fourteen places below them in
the world rankings an incredible result and one which boosts russia's chances of securing the automatic place to brazil twenty. northern ireland's point wasn't the only eye catching result and choose the it's not often that world and european champions spain don't collect moxon points at home but they had to settle for a share of the spoils last night from the side in time as usual response dominated possession from the all from make up the reward twenty five minutes in surgery ramos netting at the second attempt. hoost should have doubled out of frontage right before the break cess fabregas seeing his effort stop by hugo lloris after pedro was champ dying in the area. and spain would pay the price four minutes into extra time at the end of the much fronts manager a rare attack on all of those the rest one one the final score the french to topple by meaning spain sit in dangerous territory. when the pick of
the action germany and sweden have an epic bublé in berlin the host completely on top for an hour. scoring a fourth goal here after a break from tucson a permanent soccer single in the first time for ever for sweden the show was only starting slot on the bottom of each. to the fourth and producing one of the most sensational comebacks in props history of the game lies are coming well into actual time but the visiting fans into raptures germany for sweden for quite credible stuff. it was hard to produce anything as throwing for any other of the teams and auction but england and poland didn't even have a chance to try their group h. fixture called off due to train chill rain as you can see this. looks reasonable enough but the warsaw national stadium has a roof which wasn't used. or men will give it a second try later today. let's look i saw he were just the two kontinental hockey
league games are up for consideration and choose the night both of them taking place here in russia everything's going nice only ice these days for a scan of the same petersburg side flush with recent arrivals from the locked out n.h.l. making it five wins on the trot of the expense of a ball defending champions league leaders who are humbled at home siberian outfit sabir coming to the capital on leaving with an overtime win. let's stay on the rink where the winter olympic games are now less than five hundred days away training has moved up a gear for many medal hopefuls including the young russian ice dumb thing per se unique the key to it cuts off michael caught up with them. with just sixteen months until their own winter olympics in sochi russia is making sure their athletes are getting well prepared and so in ice dancing they've secured the services of legendary coach nikolai morales of to train young hopefuls yelena ina
and. action for me in turn out. for her because i found them and. i don't. make them mad. but he has his work cut out for him because the ruling had germany has shifted away from russia in recent years americans meryl davis and charlie white as well as canadian pair test of virtue and more stole the show in vancouver twenty ten and shared gold and silver at the last three world championships but dilemma is confident about her and her partner's chances this season. like never is the world and after we feel we feel we can do it was in the top five so we're standing in line with like top speed test this canadian. grange so.
now i feel with this program we can move forward it won't be easy for the pair but coach morozov is a must of choreography and has been tinkering with their programs now the music that man and he tell me training is generic that will be used in the coming season they'll be dancing to specifically made custom music that will be used for the courtesy and done it's something that train and the guy miles of hopes will give them that little bit of extra competitive advantage of the moves when i was new no one has heard this music before which makes it fairly interesting it's a brand new composition where the musicians created music to our specific movements i'm still coming to terms with it but both lena and i really like kids. being one of the only couples to have had music. specifically composed for them is a credit to the do but the big question as always is just how well they get along with each other it was a little we had some problems it was was like singles and we have
a really tough parkhurst so we all want to be alike like litter. and after right now i can tell years that i understand how it's so we need to do one couple one like to help each other so right now it's no problem so we having fun is on the practice it's always easy for one side of the couple to be happy about the status quo but it always takes two to tango looking at all of the pot of during training there's always going to be disagreements but that's part and parcel of working together you shouldn't be skating and dancing without any emotion in this week however own character and want to assure this bunch we've been working together for a long time and we're very comfortable with one another. with a couple of pound lee happy with each other as well as being excited about performing to the new music it's clear they intend to take the ice dancing world by storm and with their trainer threatening to quit if they don't they won't want to
disappoint my good chunk of moscow region. on who'd bet against them for gold that is your sports knowledge i mean game in under two hours. i mean so to know your city in europe i'm the host of the twenty fourteen winter the cricket. song see. you. tsotsi. the. dog days of. the fridays a. sitcom. to see if it's so true.
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