europe is. europe has more people than the united states. it is a bigger economy. but only when it pulls together. >> we have a call from a republican in northern washington. >> i really enjoyed this. angela merkle represents something that she touched on. she grew up in a totalitarian marxist-leninist police state and resisted those who tried to oppress the millions of german citizens of east germany for many years. as she said, she could never imagine she would be in the white house, receiving the medal of freedom. she says remember -- things can change dramatically. your most profound dreams -- the reality can exceed your fondest dreams. this happened to her. she is saying once again that totalitarians are a danger in the world. the muslim totalitarian regimes are now facing a change. she was raising an issue that possibly they could also disappear and they could have freedom for the muslim peoples. that is what she is working for, and hopefully obama and the other leaders in europe. let us pray that they succeed. >> there is no question that you are right that

and critics say these pipelines will make western europe even more dependent on moscow every thought household on the continent of russian gas. means our streaming best to gazprom is working hard to prove that even a joke like. hello is a crime or welcome to the show thank you very much for being with us. well first of all first of all i'd like to ask you about your presentation in brussels on the twenty fifth of may did this presentation somehow change the attitudes in the e.u. towards the south or do they still have questions about the project. well i think it was a very successful event so. there was a very good presence not only of the many partners in the sauce. project but also of e.u. officials and service from various institutions. we consider this session success also because the european commissioner confirmed the importance of energy relations and of the southeast project the search. to those real agents and use the words this is clearly a priority also for the e.u. and we will find good ways to work with it and to support it so i think all in all . we are now at the point

the council of europe, seen by many as the democratic conscience of europe, upholds democracy and the rule of law; promotes human rights, freedom of speech and equality. >>by the 1960s it was firmly established as the bulwark of the peace progress... >>in the world of freedom the proudest boast is ich bin ein berliner >>reporter: a quarter of a century later as the berlin wall was torn down and the soviet union dismantled, the council of europe, now established in strasbourg, led the way in helping communist countries transition to democracy. >>people streaming over border. >>reporter: today we are once again at a defining moment in history and once again it is europe's immediate neighbours at the forefront of that change. >>cavusoglu: now we are trying to help the countries in the neighbourhood, in north africa in the middle east and some countries in central asia and actually we foresaw what is happening right now in the region in 2009 and we establish a new status for those countries to integrate them, to let them become closer to the european institutions and the european standard

russia and ukraine left half of europe freezing moscow decided to develop an independent fruit to secure its gas supplies south stream a delayed along the bottom of the black sea and then on into europe but critics say this pipeline will make western europe even more dependent on moscow today every fourth household on the continent consumed russian gas. main south stream investigators problem is working hard to prove that even joe the plumber. is a crime or welcome to the show thank you very much for being with us. well first of all first of all i'd like to ask you about your presentation in brussels on the twenty fifth of may did this presentation somehow change the attitudes in the e.u. towards the south stream or do they still have questions about the project. well i think it was a very successful event so. there was a very good price and smote only of the many partners in the south stream project but also of e.u. all facials and all service from various institutions. we consider this session a success also because the european commission are confirmed the importance of energy relatio

which may also delaying some of its development particularly in europe which is more densely populated in most places. and we dare for have to wait and see about the general view is that we will do not expect significant volumes of shale gas to come to the markets in europe until at least twenty twenty five or beyond. there may be some production in some parts of europe before that but that would not really impact this ousting project at all and alan g. well let's wait and see it is true that we have more l.n.g. receiving cardinals now in europe than we had let's say five or ten years ago that's good news it gives the market more options more flexibility. but we also have to wait and see how much of that liquefied natural gas is actually coming to you. much of that will be find on pricing so we'll have to wait and see i think a large modern pipeline system such as self-esteem is definitely proven to be very competitive that's always been the case in the history of the gas industry and it will be the case with cells. but i your russian partners are russians ready to to meet this new pos

diversions spotlight speaks to that south stream pipeline but also about what this means for keeping europe pound up. i'll. remind you the latest in science and technology from around the world. we've got the future covered. hello again and welcome to spotlight the interview sheryl on r.t. and i'll do another one today my guest is marcel crammer russia isn't the first thing hard into the south stream pipeline a direct and independent gas shipping route to you but as the project is gaining momentum there is criticism in some quarters that south stream is unprofitable and has no future no one to do the project leaders have to say today here's the c.e.o. of the south stream marcel primary joining us from st peter's world economic forum . after the gas row between russia and ukraine left europe freezing moscow decided to develop an independent through to secure its gas supplies south stream a belated along the bottom of the black sea and then on into europe but critics say this pipeline will make western europe even more dependent on moscow today every thought household on the continent and stu

bu the resistance in europe, particularly france and germany and elsewhere, seeing europe go too far, and indeed the gern constitutional court has said no further in terms of integraon toward the united states and europe. >> this was in -- germans and the united states have ner stood further apart during america el's two terms ast this moment. berlin extension u.n. security vote to impose no-fly zone and also the economic policies lookg at things from the opposite standing obama's standing took a hit on jerl man circumstances. he is viewed as a parent who failed to deliver on lofty announcements. and america el does not have faith he can solve the world's problems. the greatest thingthey have in common is their mutual -- what would you say? >> there is disenchantment with the relationship but we were bound to go through a difficult patch and try to readjust this to the post cold war era. 20 years after the fall of the wall we're not sure whether the ansatlantic partnersh is as important and necessary to our security measures as we did when there was the threat of a soviet invasion of

police are checking passports again in europe. the goal of an open europe seems to be on hold. theagemts open borders are in retreat. >> when a country temporarily reinstalled controls at the rd a sdenly e life in danger. these incidents are addingo the sovereign debt crisis in the eurozone. >> that crisis is taxing mines in brussels and threatening to shake the european project to its very foundations. this week, the former athens >> -- mayor said the demratic alliance was in brussels to lobby for more understanding of our country. >> we have gone through a very difficult time during which greece was portrayed in a really cool way. >> on a visit to her party's allies, they lobbied for more investments. there was a growing awareness for the need of crossed party unity. they must now reach a consensus. we asked if the pro-business opposition party is prepared to support the socialist government austerity measures and to send a signal to the finance markets. >> the market still need a signal, they need a signal for the program. -- the market's still need a signal for the markets,

what that then sums up to is really the ukraine will likely continue to play a role in transit to europe but we will also have a modern up to date and well managed transit system in the former south stream. which implies that there is going to be additional security of supply or for your quote of the south stream promises to two to pump up to sixty three billion cubic meters of gas three years do you already know the source is going to get the gas to fill the pipe. well i think. the market in the end told the side the exact volumes work is being now done is being done now to conclude those contracts the capacity of south stream in the end that means in twenty nineteen will be sixty three p.c.m. you're right about that but we see it gradually increasing from a much much lower level at the end of twenty fifteen to that sixty or sixty three b.c.m. capacity about forty four years later in. the market will be the judge though because the contracts have to be signed. and we will see partly new gas and we will survive to be rerouted gas gas flows that are now today still going to ukraine it wil

based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe what once seemed like a good idea but with all the riches here it's not in europe no longer seems like such a profitable move tom barton r.t. istanbul turkey. and while the use struggles to pull its members out of a destructive default spiral the country is what stuck to their own currency is a breeding f.i.a. of relief and that's a view from germany which has always been the chief proponent of. those european nations that are not in the europe will no be much firmer much more convinced that they're the right thing when it didn't join me or there's no way we can avoid a default it will have to be done. with it and by the european community everybody together if the greeks leave. that is like you know a lot stronger mind. region weight into the system but if you want to

based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe at once seemed like a good idea but with all the riches here it's not in europe no longer seems like such a profitable move tom martin r.t. istanbul turkey. all while the e.u. struggles of political members out of a destructive unfold spiral the countries which stuck to their own currencies are breathing a sigh of relief and that's a view from germany too which has always been a cheap proponent of the. those european nations not the europe will no be much stronger much more can because those who did the right thing well it didn't work there's no way we can avoid it before it will have to be done. with the european community everybody together if the greeks leave. that is like you know a lot stronger modern major league of great into the system but if you want to be truly

i think the coli outbreak in europe -- the e. coli outbreak in europe is a good example of food safety as a scientific matter being a dynamic challenge. bacterial cells change. we know the food system changes. the food supply in, the extended supply chain, bad, lettuce, and so forth. but changing the dynamic of the way food is prepared and moves through congress. we have to invest in the signs that keeps up with that dynamic, so that is one area where, again, we're looking to step up our investments and need the resources to increase our investments. we have training demand. our staff at fda, i have a feel for. we have a special tool and we have been given a whole new set of tools. we have to change them to understand the controls they are putting in place. we have a retraining investment that we need to make. the industry in many cases has a need for technical assistance. there are companies that are implementing stated that are benefits. there will be a need for technical assistance. we think the government will provide this. i

i think what europe has to do is say we've historically had trade and exports out of europe go to north africa and other parts of the mediterranean. >> more so east, isn't that a fair comment rather than south? >> still quite a lot has gone into north africa. the issue is europe has to look beyond its borders. you have challenges about helping with exports. you have issues about immigration coming in. it's very important, i think, that you get diplomat engagement around the economics of both demand and supply of exports, imports and also of labor. >> should we think of greece, spain and portugal differently, they should actually be clusters that could grow off the back of such a large market at the door step, which they have not engaged in so far? >> i think you should also include italy in there. what this is getting to is to say is there a possibility that we could use europe in some way, centers of gravity for expansion of both, i think, good practice and investment into northern africa? i think there is clearly an opportunity there. because it's much more likely to come from those c

a senior official criticized europe for failing to control it. the european commission protests the import ban and demanded an explation from moscow. >> it is hard to tell what would have been the reasons behind it. what are the reasons of the russian authorities? from our point of view, we think this measure is disproportionate. >> russia has even been checking travellers from the you for suspicious symptoms of the deadly e. coli strain. >> insecurity surrounding gris sent stocks south today -- surrounding greece sent stocks of today. >> there is bad economic data out of the united states. moody's has downgraded greece, and analysts are saying there is a 50% likelihood of great debt restructuring. -- greek debt restructuring. protesters are still in denial. the euro is nevertheless very strong, almost hitting $1.45. >> another disappointing day for a lot of european investors. let's take a closer look at germany's dax, 2% lower. across the atlantic, the dow slipped 0.3%. the euro is trading at $1.4494. new york prosecutors have issued a subpoena

from least small poor far from drug even gas used to flow to europe. we used to produce fields ascended to them and now see they destroyed all this is terrible and ridiculous at the same time. the closer you get to the frontline the more you feel it you can hear the war and you can even read it on a jews leave jobs just before the bombs arrive. this runs as you can see the reason sign here arabic nato is here leave it here in france and i'll fly zone over the country to protect civilians on the other side there is another sign also in arabic saying that nato can attack any place any time. any time happened three times over several hours while we were feeling. really believe this major world is where the front line buys dividing the country the two parts into two swear one side is going to put one flashpoint within the rebels and gadhafi forces it's a very important point to take location getting a firm hand on this town would mean taking control over the country's economy. all facilities seem to be a rather targeted never land on. the civilian populati

based on single currency in europe. is. going to be history in the near future meaning that turkey will likely remain independent trader to some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe what once seemed like a good idea but with all the riches here and not in europe you no longer seems like such a profitable move tom barton r.t. istanbul turkey. has a eurozone debt burden it shows little sign of abating e.u. members that decided to stick to their own national currencies are breathing a sigh of relief that's a view of yourself your fame editor of german newspaper design. those european nations not the your will no be much stronger. there's the right thing. there's no way we can avoid a default it will have to be done. with by the european community everybody together if the greeks leave. that is like you know a lot stronger mind. read your way into this is some but if you want to be truly economic you know. things like an economist i think is true the best

europe europe is i'm so it's just. i would choice nothing to say we want europe in that shape plus pizza was german m.p. thank you for speaking to alter it. seventy six hours of intense fighting. feel so. now there is only one person who cares. we are surrounded by graham was everywhere but also there are. on this beach which of course is the most appropriate signification a symbol of everything that's wrong with our goddamn government. which. were so many guys died. story on our t.v. . in one of the most extreme environments on the planet this is it and people have to be aware that they are far away from civilization sean combs discovers what makes this so special and attractive for many wildlife and then starts to go it is close if you live in the slums of. an expedition to the bottom of the earth or to see. these top stories on our t.v. is seven civilians dead in a suspected nighttime and nato air strike on a residential area in tripoli as the alliance tries to bomb libya out of its three month stalemate. reeses kne

europe europe is i'm sorry it's just that i would choice to think to say we want europe in better shape classmates was german m.p. thank you for speaking to r.t. . just. seventy six hours of intense fighting. six thousand janitors. and schnauzers only one person who can. see we are surrounded by garbage everywhere but also there are. on this beach which of course is the most appropriate signification a symbol of everything that's wrong with our goddamn government allowing not only garbage but. where so many guys died. history to be protected. returned to terrible. story on our t.v. . the british. market. so i know what's really happening to the global economy for no holds barred look at the global financial headlines to me through the reports on our. policies we create a new deadly mistake nato had made that supposed exploit forces killed civilians in a bush to have strike under a bridge a residential area in tripoli sunday with gadhafi regime officials say nine died including two babies. were crowded the country's prime minister said that needs another one hundred ten billion you are o

which is what we are doing in europe as well. for the global economic crisis, we have seen how independent we are and the stability of the euro zone is important for the whole global economy. we do see clearly our european responsibility and we are shortening that responsibility with the imf. we see that the security as the whole will be influenced with one country in trouble. that's what the assistance is about. there is a ban on bailouts on the treaty and the growth path. but if a country is in danger, it's in each country's interest to see that this common currency area is not in danger. we will act in such a way that sustainability is guaranteed, as i said previously. barack with the situation in the united states, i think that each should deal with their own problems. we in europe have our hands full and i am convinced as we show responsibility and so will the united states of america. mr. balsa. >> a word for chancellor today, just a recognition of her accomplishments in the past. or is it as well an expression of expectati

everything that can make a hard push more you know between europe russia and to some extent europe russia and the us it can be seen as a positive step oh well i have heard a line a country and other opinions here in moscow that that russia actually does need these trials there it's a political deal rather than purely economic as you call it how much of strategic interests aside of purely economic interest does france have in this deal . if it's not interesting for military terms for a russian maybe that's interesting because that means that the russian navy sufficiently rich to buy something without any any use so i think there is an interest to be honest but we will see for france what's very important in the industry in terms not up about that and because it's a way to to give job through to some walkers soul but that's one reason this is going to reason is this idea that the evolution the transformation of nato is very important and that russia should not be seen as a revolver but should be seen as a partner and so again a difficult partner but it is seen as paris as a country we've. w

the british would say twenty thousand million dollars in bonuses but in europe things are done differently there lawmakers of level leveled heavy restrictions on banks through bonuses for the sole purpose of discouraging risk preventing banks or some gambling with our money collecting their golden parachutes and then leaving the global financial system in ruins so as barney right is there a policy for banks their bonuses threaten to bring down the entire global economy if so what can we do about it here to offer some answers as max fraud rolf economist a professor of economics at the new school university graduate program in international affairs max welcome back to the program always a pleasure thank you for having me john thank you for joining us what's what's prompting europe's top regulator to write a letter this emphatic to tim geithner now does he see something on the horizon we don't see. well i think he sees something that tim geithner is also worried about but has responded to differently so over the last three years in the wake of the financial crisis the united states and europe

based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seems like a good idea but with all the riches here it's not in europe no longer seems like such a profitable move tom barton r.t. istanbul turkey where the euro zone's debt burden shows that one side of a dating e.u. members that decided to stick to their own national currencies are breathing a sigh of relief. that of german newspaper zite. those european nations that are not in the euro will no be much stronger and much more convinced that they did the right thing when it didn't work so there's no way we can avoid a default it will have to be done or leave. with it and by the european community everybody together if the greeks leave. that is like you know a lot stronger mind meijer need your weight into the system but if you want to be totally cool it canonical you

ten percent in the first quarter of this year europe especially southern europe has come to the point of catastrophe because of excessive borrowing greece has so far been the worst hit it sound others economic disasters have meant appeals for bailouts this makes it difficult for national governments to defend. me pouring more money into the coffers of irresponsible or inefficient members within creasing tension in the economic mismanagement some forsee big problems ahead because army corp. based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seemed like a good idea but with all the riches here and not in europe you no longer seems like such a profitable move tom barton r.t. istanbul turkey. as the euro zone's debt burden shows a little sign of abating humana burrs that decided to stick to their own national currencies are breathing a sigh of relief that's the view of. editor

europe european ism so it's just. i would choice i think to say we want europe in that shape principles german m.p. thank you for speaking to us in. this. is one of the most extreme environments on the planet this is and people have to be aware that they are far away from civilization sean thomas discovers what makes antarctica so special and attractive for many wildlife is. an. expedition to the bottom of the earth. that. says. cover of this week's top stories on r.t.e. greece has been engulfed in violent protests against a fresh round of government cuts it comes as the prime minister reshuffle the cabinet in a bid to push through a new austerity happier to secure a second new bailout. nato airstrikes reportedly hit one of tripoli's residential areas destroyed a house and killing at least seven longo a bombing has also led to fuel shortages and the oil rich country. out of the state's role in russia's economy must be reduced that was part of the future president medvedev had mapped out at the international economic f

europe is. europe has more people than the united states. it is a bigger economy. but only when it pulls together. >> we have a call from a republican in northern washington. >> i really enjoyed this. angela merkle represents something that she touched on. she grew up in a totalitarian marxist-leninist police state and resisted those who tried to oppress the millions of german citizens of east germany for many years. as she said, she could never imagine she would be in the white house, receiving the medal of freedom. she says remember -- things can change dramatically. your most profound dreams -- the reality can exceed your fondest dreams. this happened to her. she is saying once again that totalitarians are a danger in the world. the muslim totalitarian regimes are now facing a change. she was raising an issue that possibly they could also disappear and they could have freedom for the muslim peoples. that is what she is working for, and hopefully obama and the other leaders in europe. let us pray that they succeed. >> there is no question that you are right that

a strong single currency europe. is. going to be history in the future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seemed like a good idea but with all the riches here it's not in europe you know longer seems like such a profitable move tom dart an r.t. istanbul turkey. so while the e.u. struggles of political members out of a destructive default spiral the countries which stuck to their own currencies are breathing a sigh of relief and that's indeed a view from germany too that's always been the chief proponent of the euro. european nations not to your. world there's no way we can avoid it before it will have to be done. with the european community everybody together if the greeks leave. as that is like you know like stronger mind. read your way into the system but if you want to be truly. alone we could both be treated like an economist i think is trying to suppress solution becau

then you will be in europe. you must be. there you are i do this. about freedom democracy there is no freedom or democracy we just want to go on the refugees here say they now finally feel safe but it's not . that say from the sound of the frontline. these people have gathered in the west of tripoli to bury those killed in one thousand airstrike couldn't leave and government officials a bomb landed on the private compound and flattened it killing fifteen people including three keets we have been calling for peace and negotiation for months and no one wants to listen to us now we have to pay a very heavy price of. casualties civilian casualties and also military casualties i think the time has come for the world to understand that this conflict has to come to an end immediately which is very unlikely to happen any time soon when you dug around in these symmetries still fresh while nato has already claimed the operation to protect civilians must go on with clashes canteen and benghazi and nato intensifying its bombardment of tripoli both eastern and w

europe europe is a movement so it's just. i would choice i think to say we want europe and that trade pizza was german m.p. thank you for speaking to alt. to a substantial degree and one form or another socialism has spread the shadow of human regimentation over most of the nations of europe and the shadow isn't protein. in the early twenty first century military bases a network of military bases all around the world former believe. that the united states is trying to build its astonishing most americans have no idea there are more than a quarter of a million or more than two hundred fifty thousand u.s. troops stationed on these bases all around us. we don't have power bases in america we don't have any british base we don't have any korean base we don't have any french bases or you know we just all american bases in our bases a lot of the noise is our north and doesn't bother us at all because they're all bases but for other people it's almost like a cancer you speak. since the into will want to see space as i've been. worki

policy national policy of other europe partners. where it's it is an invitation to a bigger my neighbor policy and you say ok if i don't get any more money from the credits from the capital markets well i just take it from the other countries and this is the thing that i cannot explain to my voters. what would be you'll solution to portugal's debt crisis. the projects have to solve it themselves this is. why it's not the easy truth but it's blanky the truth. because europe as a whole may be infected with parties on both sides the ones demonstrating against the i.m.f. and he said yeah and. appreciation sent and. demands they would say a word we don't want to we don't want to suffer for. that stability fetishism of the germans or the like or something like that and on the other side we would have parties like the true finns say stop it now. so that i think that sticking to the rules that have been wrecked it is the best thing we can do you know to to keep european corporation peaceful rate all german people angry at having to pay for

but europe is going backwards so we don't need them. people are using the euro as an investment to earn money here is a more reliable and turkish money people don't want to save their money in the euro . few invest in euros you get more than euros also stronger than dollars having said that i don't want to risk investing. but academics analyzing public opinion have found a common logic in decisions about the euro people polled don't care about wider economics but about their own personal finances so much economy is actually beyond the important factors that make euro skeptic or euro file public opinion analysts a keen to point out that further economic integration into europe doesn't just mean money and that people shouldn't only think about their pocketbook economics they have to take into account the freedom of movement of labor the freedom of service you know woman service these are all integrated any other so it's not only exchange of money or turks leaving. your role one thing everyone does agree on is the mess the eurozone is in w

based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe but one seems like a good idea but with all the riches here it's not so in europe is no longer seems like such a profitable move tom barton r.t. istanbul turkey while the e.u. struggles to pull its members out of a destructive default spiral the countries of which stuck to their own currencies are breathing a sigh of relief and that a view from germany which is always been the chief proponent of the euro. european nations not be your will no be much firmer. if they're the right thing rather than trying to your there's no way we can avoid a default it will have to be done. by the european community everybody together if the greeks believe. that is like you know a lot stronger mind major major break into the system but of. economic you know both of these things like an e

doing business do you think do you think that europe is ready. for concessions on this issue i don't think so yeah but i think it's not a negotiation itself once again it should be put in a broader picture and it is related to the negotiation of freezer vision it is related to the negotiation of commercial conditions and ok energy is a very important parts but the gelug between russia and the you should not be resumed to energy relations it's something much more broad and as you know various mislead situation we've been seeing you about unburdening and this idea that a company wants to invest should respect this legislation so hans again i think it's difficult but i'm pretty optimistic about the ability of both sides to cooperate in the future thank you thank you very much and just to remind you that my guest on the show today what some are going to have had the russia and i have several had french institute of international relations and that's it for now from all of us if you want to have yourself or if you have someone in mind you think i'm go

based on a single currency in europe. is. going to be history in the future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seems like a good idea but with all the riches here it's not so in europe a little longer seems like such a profitable move some bassin r.t. istanbul turkey. then while the you struggle to pull its members out of the destructive default spiral the countries which started their own currencies are breathing a sigh of relief there's a view from germany which has always been the chief proponent of the us. those european nations that are not the. former. is the right thing. to be your there's no way we can avoid a default it will have to be done. with european community everybody together if the greeks leave. that is like you know it's wrong their minor. league of weight into the system but it's. truly canonical you know. the truth like an economist i think is trust trust so

based on what you are see happening now is it safe to stay in europe you you know. no not not from a financial point of view i think that everybody is going to take a big hit in the near term future i mean i'm talking about the next twelve months on the outside because of this euro zone mess that we're having i think that the currency of choice would be to swiss franc i think that because there's going to be a flight to safety especially as the first of the weak euro zone countries leaves the euro and i think that from a financial perspective the europeans are going to panic and they're start they're going to start taking the screws in order to save their situation and i think that that's going to accelerate a flight to safety ok now you're noted to be in the camp of the hyper inflation yeah one of the deluded souls yes that's me delusional i know i did not say that but i'm going to you know. i think we're on the same page there but what about the u.s. dollar and this scenario that's an interesting question i think yeah if there's a flight from the euro i think inev

he needs to convince angry greeks to face fresh austerity cuts to secure more bailout billions from europe with countries like turkey who have been trying to become part of the e.u. for years the financial woes are slowly weakening their resolve to join up. if you talked about turkey in the e.u. ten years ago turkey's hopes of joining would have been inseparable from joining the euro not any more turkey's attitude in short can be summed up very simply very glad we're not part of the euro right now took on the street seem to have a wide range of opinions on the euro but the country's doorstep europe's economy is worse now turkey says improving turkey is improving in all fields but europe is going backwards say we don't need them. to fish people are using the year as an investment to earn money here is a more reliable and turkish money people don't want to save their money in the euro . few invest in euros you get more than euros also stronger than dollars having said that i don't want to risk investing. but academics analyzing public opinion

as you said europe right now is under the spotlight. we have a lot of crisis in greece, you know, but everybody things about ivan, portugal, spain. so we are in a very bad economic state, global europe. she will have to focus on all of that. but i think she's a woman who knows how to deal with these kind of problems. >> she's also a woman who knows how to talk in senses. would you say, christian, that that's one of the most important things because that's what's really thwarted these kind of negotiations surrounding greece for a year now. >> reporter: yes, but, you know, grease is a world prochblt recently i attended a debate about that. the thing is there's a split inside europe u the northern countries, the germans in particular and other northern european country being fed up with helping the south. so probably christine lagarde will have to fight and try to prevent europe from having a real split between the north and the south definitely because we know about the situation in fort gull, spain. i should say even italy. i don't talk

based on a single currency europe. is. going to be history in the near future meaning that turkey will likely remain independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seemed like a good idea but with all the riches here it's not in europe you know longer seems like such a profitable move tom barton r.t. istanbul turkey while the e.u. struggles to pull its members out of a destructive default spiral the countries which stuck to their own currencies are breathing a sigh of relief and that's so you're from germany which is always been the chief proponent of the euro. you're. not be you're willowby much much more. so than the right thing. says no way we can avoid it before it will have to be done. with european community everybody together if the greeks leave. that is like you know it's wrong their mind major major break into the system but it's. entirely canonical you know. like an economist i think is true suppressed solution because

based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seems like a good idea but with all the riches here it's not so europe no longer seems like such a profitable move from boston r.t. istanbul turkey as the euro zone's debt burden shows little sign of abating e.u. members that decided to stick to their own national currencies are breathing a sigh of relief that's the view of the editor of german newspaper. well those european nations that are not be your will no be much firmer. because there's the right thing. no way we can avoid a default it will have to be done. with it and by the european community who took over if the greeks leave. that is like you know it's drawing them on major major. into the system but of. completely economic you know going on because both these things like an economist i think is trying to