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tv   [untitled]    October 13, 2010 2:30am-3:00am EDT

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so so not really but the political class almost unanimously wants to support it so there are some dissidents but it's part of the german reason the state that we're good europeans that we are good citizens of the world but. for this we've forgotten and that was what my what my dissertation was all about fifteen years back but we forgot that germany also has interests national interests of its own which of course we should cooperate and of course we should be good partners but we don't have to do everything and so but the political class is firmly behind the euro so in this case it doesn't matter what the population is thinking are you one who believes that as a concepts the euro is fundamentally flawed basically within a currency area have to have flexible factors of production capital labor goods industry and we don't have that in continental europe labor is not moving freely capital is moving freely goods are moving freely but as long as you don't have
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fully flexible markets you don't have an optimum currency area and also between germany austria the netherlands the benelux states we did have a defacto union currency union for decades they just did and they just followed the bundesbank and nobody talked about it worked perfectly but within that region you basically had an integrated market but to throw together greece and spain and italy and portugal and ireland and germany is sheer lunacy i mean sheer lunacy and they said we throw it together so it will grow together but that is not promoting growing together the other way around would have been better to liberalize markets to keep national currencies to be able to just to shocks like this so what should we do you know that should the year is then be slowly but steadily dismantled should we wait for the u.s. to collapse and i say ideally i would go back to a core europe and i would let the drachma return and the pursuit to return and the
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lira return and we still would have a european union it's not like it would be the collapse of the european union quite to the contrary if we allow those. countries to set their own economic policy again and to be sovereign in their currencies we would do europe a service we're doing europe a disservice by having this artificial currency imposed on it it can only lead to political tensions like in greece where the greek population now has to suffer taxpayers germany has to suffer the only ones that didn't suffer in greece for the banks because they were fully rescued so that's to me is a deal that is not quite equitable a european central bank or recently said that countries leaving the euro same would essentially be committing political and economic suicide what's your no not at all i mean it's of course very difficult to leave because you would have to do a lot of administrative measures you would have to prepared very well and of course
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international capital may be shocked for a moment but in the end was the right supporting measures it would need some preparation it would need careful planning it would need careful execution but of course you could return greek to the drachma and you could support it you still could support it with credits i mean the european union could step in with credit for a traditionally period but we just would not underwrite the euro we would underwrite the greek economy as a sovereign but integrated nation are you a fan of the choice mark for the torch marks sake no i'm a fan of the deutsche mark because it was a good currency in the bundesbank was a good institution and i think the rules that we had then were good rules for germany and also for europe i mean what what happens if you have a strong economy like germany's of course the doj mark would appreciate over time which again would help the neighboring economies to export more so it would give purchasing power to the germans and so good by itself be
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a neck mechanism of adjustment in the end a market mechanism that would help if you have a crawling peg or something it would help adjustments to come more easily and adjustments that would be good for everybody hasn't european. more stable than the deutsche mark was in the ten and twenty years leading up to your race introduction and lower inflation might as well isn't that a measure of the euro being quite a successful currency well we have to talk about that inflation if it's really low if the official inflation rate measures all that is to measure but in the end you had wage inflation you had goods inflation in spain in italy in greece that leads us to the current problems if we had to trust the in-between meaning revaluation of the market devaluation of the present which we didn't have so what we did was postponed adjustments. and create unhealthy structures an unhealthy development saw as long as we don't have total economic union which we won't have for a long time we should not have one currency as an investor what would you rather
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put your money behind the church michael the array. i am an investor and i'm not putting my money behind any paper currency i buy stocks which is real assets stocks are tied to the economy they're not dependent on the currency per se i buy gold or buy sell via buy agricultural land i don't buy bonds bonds or paper money and we have a highly inflationary and unstable and solid monetary policy as a reaction to the crisis i mean i think as an emergency measure it was ok to print all that money because otherwise we would have had a real collapse so it's time to move back to normal and we don't do that we continue printing money and the economies are growing at an endemic pace the most so i'm not putting my money behind any state behind any bond behind any paper currency i'm buying real assets although germany's economy is doing much better than was expected following that the crisis is in its i think it registered the best second quarter grace rates that it had for twenty years the question of how
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you measure those things because we fell down quite a bit but that's because of our export dependency so the economy went down a lot because exports basically implode. no they're coming back so we have this swing but yes in the end we have a strong economy we have lots of market leaders we still have the middle stunned the family on middle stump companies so i actually am investing quite a lot in those middle stump companies but also in some of our blue chip companies what do you think the effect of a collapse in the year is i would be on the regional and global financial markets some are saying that it would be a disaster on the scale if the collapse of lehman brothers is yes it could be drastic but again i'm not expecting it any time soon because i think germany for the wrong reasons will subscribe to the euro but it will underwrite it and continue to underwrite it so we won't have that but in case it happened it depends on whether it will hit us prepared or non prepared and right now we're doing
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everything to prevent it but we're not preparing for the case that it might happen that that's the fallacy in my we should have a plan b. and if we don't have a plan b. it could indeed be drastic and what would your plan b. be of course a plan b. is to think about return to national currencies or to return to the mark block or a southern bloc or whatever to have currency union some on economic regions that are more similar that are more homogenous and we don't have that we should at least start to think about it because it's not going to be the end of the world i think even it's it's preferable but you don't have to go as far as you just have to admit that it's not going to be the end of the world and that we have to think about those things and policymakers and officials should think about it so they have plan b. more countries are joining the euro zone all the time the next one is going to be a stay in year which will take up its place on the first of january next year how does more diverse economies joining affect the stability of the euro i don't think much because the euro is already unsustainable unsustainable in the very long run
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it's already to. the diversified to many different countries so if we add the two or three more from from the free. it's not going to be that more different but of course i'm in favor of strengthening europe the european union but in my part of you again the euro has nothing to do was a european union rightly could save us also thank you very much thank you. culture is that so much the same you're going to be able to get a lot of the players here you want to look at you and alternative media outlets are challenging the dominance of traditional heavyweights in all languages why are viewers looking for alternative. looking every month we give you the future
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we help you understand how we'll get there and we want to bring the best in science and technology from across russia and around the world to join us for technology update on r g. easy of nature and discover its muzi. lees negate with the wild unlit. test yourself and become free to. see what nature gives you. the.
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chance to be soon which brightened if you only bought songs from phones to pressure inside. these phones. it's on t.v. dot com. wealthy british style. sometimes. markets finance scandals find out what's really happening to the global economy with mike skies or for a no holds barred look at the global financial headlines tune into cars a report on r g. almost seventy years of the red machine which so many people wanted to leave in the past.
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looking to make changes the society was immediate. but it wasn't possible to change the whole country's regime so quickly and with the hong. kong to close only fundamental changes in the state than people's minds want to orange.
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they faced it this is not a provocation but war. seems to be sure to stop several but you sure do support your tree because they have no idea about the hardships to face. plate one it's this is. all too new to me for any army to lie for the use of the me is the most precious thing in the world. uses of self-sacrifice and heroism with those who understand it fully but you have to live a. real life stories from world war two. victory
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nineteen forty five don't call. the head of a russian antibiotics foundation has been jailed for using tough treatment and techniques because many supporters say he's cheap where the authorities have failed his methods got themselves. off the media on a kind of a one time of the trial of them are not in the first detainees is appearing in court at the height of a security and policing troubles has failed to materialize mainstream news outlets but the story in the back. and one in eight british households has one but you can take it was to make it in the nation's generous motorists just named boyd better all. sports news is up next unit and it was a busy no to focus on the content you choose this certainly was lots of games all
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of them included russia winning a way to carry on a long way to go of course for them but things are looking pretty good so far would you say yeah they're top of their group and i thought the toughest game they're going to play is art and they've already won lots of things are looking good indeed . thanks for joining us this is sports today i mean i know these are some of the stories we're covering over the next ten minutes or so top of the table russia's footballers rise to the summit in european qualifying group the following one will win away to listen to the. best of the rest we've got highlights from other games across europe including glasgow where reigning champion spain were given a scare by scotland. to strengthen brotherhood that's the model fully in bloom of the first ever of caucuses games culture reports in
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a few moments of the. holy successful week for the russian national football team dick advocaat and co scooping up all six points on offer from there to away games a win against arland followed up by another over must to donia on choose their riches from port fleet he was in scrappy a for us. russia will end two thousand and ten on top of the whole for a tough one no victory in macedonia but russian shared nowhere near the same kind of pride football but they managed to show in on in just a few days ago but the most important thing is that the cat added later on his behalf i should come away from too tough a way trades with buxom points to a heard of the way. most of the. world from the dirt side but if you have six points and so devoted to her work. performance allied with the worst the socks off you know to. please was there a fight strive for my exam to catch a cough after only eight minutes was enough to give the russians victory in the end of a kind of out of more as they were dominant in the first half of the game slipped same
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a second period and macedonia can about a share of a spoils pops deservedly how do you know i can fear not save a second home penalty i think of a crowd later went on to say it was difficult for russia to cope of macedonia playing so many long bowls. better to. the world before the game does go will be more do go the girls deserve to go home with a little rubber balls. because of the pressure they get some opportunities and more out of roll out of football but once again alexander excellence has been in great form for his club sides needs over the last month or so trying to carve out form over to the national side but high praise from his manager dick of the cats because you're obviously himself is very don't whited but he said the pitch certainly didn't help russia. much i'd say that the pitch conditions were a little bit more difficult tonight two than they were niall and the bounce of the ball was very unpredictable which added to the challenge however we control the
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tempo with macedonia using the long ball against us as we could have school. and three points is a good result of. russia came into these two tough away matches on the great pressure following september's defeat to survive here but a combination of a bit of log. results going by way of something painted a rosy picture of the kind of confident going into the second half of the qualification campaign. we won over lost. in brazil during the. world it is improving and i really go in. this. so russia talk group b. on mine points off the four games and pick up a candle or plenty of time to prepare his side for the next away trip to the not so dark causes of the group so far mania i'm not much will get all the way in march but you probably don't see sculpey macedonia also on the night in that group slovakia on the republic of ireland shares the spoils and juliana irish defender
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sean leger opened the scoring sixty minutes in before it. had an equaliser twenty minutes later a missed robbie keane penalty then calls the visitors dear leaving the final. meanwhile surprise package as richard said armine a follow up to last week's win over the slovaks with another one against therefore no victory keeping the highlanders well in the qualification. but it is russia who will close the year looking down on the rest euro two thousand and eight semifinalists leading by two points from the trio of arland armenia. remember only table toppers and high placed second seeded teams qualify automatically for ukraine and poland still a lot of football to be played with half a dozen games to go. until there was plenty of action elsewhere on the night in glasgow spain managed to keep their one hundred percent record intact but only just against a buckling scottish side after the first time of david via
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a penalty the world cup winners have to be cruising by the time andres iniesta had fired number two on fifty five minutes but helped on by the famous or some didn't rule the scots promptly half the deficit through the head of david steven naismith and then on sixty six minutes the. free flowing one side have another great buildup leading to p.k. nudging the ball into his own net two but then all the hard work was. only in the park for two minutes left all alone to finish superbly on seventy six minutes three to spain on heartbreak for the scots. the team spain beat to win the world cup this summer the netherlands faced little resistance and their clash with sweden despite losing the court to an ankle injury early on one stage they needed to and thirty six minutes at the game fell a finishing off the first of two for him. say monday and showed some nifty footwork
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to set up plus down huntelaar second. the dutch took their foot off the pedal allowing. a consolation go through andreas run but by then the hard work had already being done for i. four european champions greece sit in the driving seat in group f. after a tough r. and a half against israel they went into the great planks to tenacious demetrius sultan didas these really look better than the results this year must be said on were fully deserving of their equaliser. getting the final touch here but moments later the deciding moment cell to get this up ended in these real penalty area leading to this cool finish. to increase the. highlights. was abandoned after seven minutes.
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trouble and fireworks constantly being thrown onto the pitch towards the italian leading to the officials calling off the game. italy more than likely will not be awarded the three. the shock of the evening was in baquba or azerbaijan done turkey belgium and austria share the spoils and back in the same group a fertile islands had a holy memorable night at the expense of northern ireland one one the school in group c. england montenegro are still unbeaten in group g. but wales is campaign looks all but over following a poor one beating by switch on that's their third defeat in three games. now if you're in moscow next week and fancy having to watch some tennis then the kremlin cup is just the ticket danko will headline the men's draw with francesca schiavone joined by cried fear it's over. in the women's tournament.
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the kremlin cup is the oldest competition around here in russia we've been here since the day our state was founded no other sport has a similar event so we're very proud of the club being the backbone for russian communities which has been pretty successful on its own we've come to least of two hundred in five countries in all around achievements over the last ten years. finally one of the proudest moments and south russia's sporting heritage has come to a close then or girl caucuses games wrapping up a holy memorable event for the region our correspondent robert downey reports on the tournament which ain't to discover just who is the toughest of them all. once upon a time in the land of mountains some brawl and worse came together to test their strength against each other sounds like
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a fairy tale but on this occasion it wasn't the first ever caucus's games. to sell the russian republic of korea. to host teams from neighboring areas including the. making of the field over two hundred athletes were on hand to compete in locally they were the bands such as double war and powerlifting and also more specialized areas like stilt walking. the main goal of this festival is to bring the people of the caucasus together let them meet communicate and make friends it's like a cultural exchange and all of us should unite for the sake of peace throughout russia and indeed globally the region is renowned as a risk think both house and the inaugural caucuses games brought back to life and mention way of settling scores built wrestling as sport which was woman welcomed by fans and put his pencil like books i've already practiced to for ten years while
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beltran has a completely new experience for me but i like him very much as a truly man's sports where you should be strong smart and persistent that goddamn wrestling one of the simplest ways to find out just who stronger aiming to go beyond the limits is in the sesame here just ask our century mind if the two thousand and nine european fifty five get a glory went into the event as one of the favorites despite being against men if food kills haver. no problem of the the pocket rocket going over the top against all challengers. it was tough against the big guys but i was ready for that in any sport and in wrestling in particular if you've got the will and train hard you can beat anyone or. local steam. claimed
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victory at the games meaning next year the festival will be held in the same location the organizers already promising that in twenty eleven the month of sports were presented at the games lucrece for the new and r t so the russia. my first time seeing that region even on television absolutely beautiful all your sports i'll see you soon the weather's coming up in just a tick hungry for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. news
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today violence is once again flared up. these are the images before old has been seeing from the streets of canada. china operation to rule the day.
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taking the drugs fight too far back head of an antibiotic foundation years of using tough treatment ten weeks jail but its supporters say he got results. do you know that are terrorists are being tried in the forty three. is that bother you does it concern you that this is going on right here. after media unequivocal antonino trials being held in manhattan the first to take it to court some of this is deafening. the britons better off on benefits look into why the u.k. has people sitting idle any other major country.
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this is r t well news and much more welcome to the program there's only been tough rehab for drug addicts kidnapping them and forcing them into extreme treatment is a step too far for the russian courts a group in russia's urals and area which is playing a severe narcotics problem waged its own war on drugs but aspirant enjoying widespread public support three people have been charged with abduction and torture . a drugs raid gets underway and after hours of waiting for contact to get the signal suddenly everybody is up and running the police are involved but not all taking part in law enforcement officers the raid has been organized by a vigilante style great name ansel's city without narcotics this is a drug called there's a morphine or locally known as crocodile it's a containing drug.


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