e.u. also in london we have andrew louis co he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present all right gentlemen this is crossfire that means you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis there have been quite a few meetings but not much progress the global economy is emerging from one of the roughest squares yet with intense market volatility if you will by the fear that policymakers cannot contain the spreading crisis and that this europe remains mired in that song debt due to the absence of political will power to hurt euro zone's and disintegration this is the most serious financial crisis we've seen at least since the one nine hundred thirty. if not ever having to deal with very unusual circumstances devising

e.u. also in london we have andrew week oh he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present all right gentlemen this is crossfire that means you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis there have been quite a few meetings but not much progress the global economy is emerging from one of the roughest squares yet with intense market volatility if you will by the fear that policymakers cannot contain the spreading crisis and that this europe remains mired in that song debt due to the absence of political will power to avert euro zone's and disintegration this is the most serious financial crisis we've seen at least since the one nine hundred thirty is if not ever now we're having to deal with very unusual circumstan

e.u. also in london we have andrew leigh co he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present all right gentlemen this is crossfire that means you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis there have been quite a few meetings but not much progress the global economy is emerging from one of the roughest squares yet with intense market volatility fueled by the fear that policymakers cannot contain the spreading crisis amid this europe remains mired in that song debt due to the absence of political will power to avert euro zone's and disintegration this is the most serious financial crisis we've seen at least since the one nine hundred thirty s. if not ever now we're having to deal with very unusual circumstances devi

e.u. and america. that's a look at your headlines up next peter lavelle and his guests discuss if the euro will survive the ongoing economic crisis cross-talk is next right here on r.t. . welcome to cross talk i'm peter lavelle the euro crisis it is a high noon moment for a eurozone looking to stave off another recession while juggling indebted sovereigns flimsy banks and the specter of economic crisis in the mediterranean this has many seeing the worst does this currency have a future. cross-talk euro jitters i'm joined by john gaunt in london he is chief executive of vote u.k. out of e.u. also in london we have andrew he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present all right gentlemen this is cross-eyed that means you can jump in anytime you want and i very much encourage it but first

e.u. also in london we have andrew louis co he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present all right gentlemen this is crossfire that means you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis there have been quite a few meetings but not much progress the global economy is emerging from one of the roughest squares yet with intense market volatility fueled by the fear that policymakers cannot contain the spreading crisis and that this europe remains mired in that song due to the absence of political will power to avert euro zone's and disintegration this is the most serious financial crisis we've seen at least since the one nine hundred thirty. if not ever now we're having to deal with very unusual circumstances devisin

e.u. also in london we have andrew louis co he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present all right gentlemen this is crosstalk that means you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis there have been quite a few meetings but not much progress the global economy is emerging from one of the roughest squiers yet with intense market volatility fueled by the fear that policymakers cannot contain the spreading crisis amid this europe remains mired in that song debt due to the absence of political will power to avert euro zone's and disintegration this is the most serious financial crisis we've seen at least since the one nine hundred thirty. if not ever having to deal with very unusual circumstances devising a rescu

e.u. structural funds which would allow you to send money off each year just to raise the growth rates of those countries a little bit and finally accepting that greece really doesn't have a future in the euro zone so greece needs to be out there i mean cyprus leaves you bring up a very good point here and if i go to john here i mean the whole world except for a few leaders in the e.u. and some greek politicians have a long ago agreed the greece will default on its debts and we still keep kicking the can down the road here i mean why isn't it why is it we just they just take a huge haircut and just move on ok because after two years of watching this continue down the road everyone just has to pay more and more and more go ahead. well it's like the emperor's new clothes new clothes isn't it someone's going to shout out the emperor is naked somebody is going to shout out greece is already in default it is absolute nonsense as you say that they continue to kick the can down the road greece is

e.u. also in london we have andrew lilly co he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present all right gentlemen this is cross i mean you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis there have been quite a few meetings but not much progress the global economy is emerging from one of the roughest squares yet with intense market volatility it fuelled by the fear that policymakers cannot contain the spreading crisis i mean remains mired in that song that the absence of political will power to avert integration this is the most serious financial crisis we've seen at least since the one nine hundred thirty. if not ever now we're having to deal with very unusual circumstances devising a rescue plan that would pull the mon

e.u. also in london we have andrew louis co he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance in the decline of america in one nine hundred seventy s. to the present our gentlemen this is cross-eyed that means you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis that has been quite a few meetings but not much progress the global economy is emerging from one of the roughest squares yet with intense market volatility if you will by the fear that policymakers cannot contain the spreading crisis and that this europe remains mired in that song debt due to the absence of political will power to avert disintegration this is the most serious financial crisis we've seen at least since the one nine hundred thirty. if not ever having to deal with very unusual circumstances devising a rescue plan that wou

e.u. also in london we have andrew leigh co he is director and principal of europe economics and in dublin we go to jeff madrick he is senior fellow at the roosevelt institute and author of age of greed the triumph of finance and the decline of america in one nine hundred seventy s. to the present our gentlemen this is crossfire that means you can jump in anytime you want and i very much encourage it but first tell us about this ongoing almost endless crisis there have been quite a few meetings but not much progress the global economy is emerging from one of the roughest squares yet with intense market volatility fueled by the fear that policymakers cannot contain the spreading crisis and that this europe remains mired in that song due to the absence of political will power to avert euro zone's and disintegration this is the most serious financial crisis we've seen at least since the night into it is if not ever now we're having to deal with very unusual circumstances devising a rescue pla

the e.u. structure simply doesn't fit the global financial environment any more. coming up in full in twenty minutes time. here painting in a nine hundred fifty s. political structure it's an outdated architecture for a modern continent when we joined the european union or what became the european union and the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade block it turns out we shackled ourselves to a corpse. i think we're better off out. china has repeatedly called on the e.u. which is beijing's biggest trading partner to get its house in order and as the debt crisis shows no signs of letting up it could be the asian powerhouse that comes to the rescue professor from the university of international business and economics in beijing believes china will tread carefully following mistakes made by these in tackling th

the e.u. structure simple doesn't fit the global financial environment any more. coming up in full in twenty minutes time. the european union a nine hundred fifty s. political structure it's an outdated architecture for a modern not consonant when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it will account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade lot it turns out we shackle will solve two of course i think we're better off out. china has repeatedly called on the e.u. which she's been sheens biggest trading partner to get its house in order and as the debt crisis shows in those signs of letting up it could be the asian powerhouse that comes to the rescue professor gruber chamber from the university of international business and economics in beijing believes that china will trust carefully for the mista

the e.u. structure simply doesn't fit the bill financial environment any more is a look at the interview coming up in. the european union a nine hundred fifty s. political structure it's an outdated architecture for a modern continent when we joined the european union and for what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade lot it turns out we shackled ourselves to a corpse i think we're better off without. it but china has repeatedly called on the e.u. which is beijing's biggest trading partner to get its house in order and the crisis shows them signs of letting up it could be the asian powerhouse that comes to the rescue professor chain from the university of international business and economics in beijing b

the e.u. structure simply doesn't fit that level financial environment anymore look at the interview coming up in full let the south. the year painting a nine hundred fifty s. political structure it's an outdated architecture for a modern continent when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade block it turns out we shackled ourselves to a corpse i think would. china has repeatedly called on the e.u. which is beijing's biggest trading partner to get its house in order and that the debt crisis shows no signs of letting up it could be the asian pass that comes to the rescue professor said chain from the university of international business and economics in beijing believes

the e.u. structure simply doesn't fit the global financial environment any more and the interview coming up in full next up. the european nine hundred fifty s. political structure it's an outdated architecture for a modern continent when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade lot it turns out we shackle ourselves to a corpse i think we're better off out. china has repeatedly called m e u which is beijing's biggest trading partner to get its house in order but there's a debt crisis shows no sign of letting up it could with asian powerhouse that comes to the rescue a professor from the university of international business in economics in beijing believes china will tread

the e.u. structure simply doesn't fit the global financial environment any more so look at the interview coming up in full nextel. the year paying one hundred fifty is political structure it's an outdated architecture for a modern continent when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade bloc it turns out we shackled ourselves to a corpse i think we're better off out. china has repeatedly called on the e.u. which is beijing's biggest trading partner to get its house in order and this of debt crisis shows no sign of letting up it could be the asian powerhouse that comes to the rescue but professor lubow chain from the university of international business and economics in be

that the e.u. structure simply doesn't fit the global financial environment any more well here's a look at the interview coming up and for about fifteen minutes. the european union a nine hundred fifty s. political structure it's an outdated architecture for a modern consonant when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less not by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade bloc it turns out we. i think we're better off. china has repeatedly called on the e.u. which says beijing's biggest trading partner to get. house in order and that's it a crisis shows no sign of letting up it could be the asian powerhouse that comes to the rescue but professor from the university of international business and economics in beijing believes that ch

structural funds which would allow you to send money off each year just to raise the growth rates of those countries a little bit and finally accepting that greece really doesn't have a future in the euro zone so greece needs to be out there i mean cyprus leaves you bring up a very good point here and in and if i go to john here i mean the whole world except for a few leaders in the e.u. in some greek politicians have a long ago greed they view the greece will default on its debts and we still keep kicking the can down the road here i mean why isn't it why is it we just they just take a huge haircut and just move on ok because after two years of your genius continue down the road everyone just has to pay more and more in more go ahead. well it's like the emperor's new clothes new clothes isn't it someone's going to shout out the emperor is naked somebody is going to shout out greece is already in the folks it is absolute nonsense as you say that they continue to kick the can down the road greece is bust it's time for greece to leave the euro zone it's time for greece to be able to ta

structural funds which would allow you to send money off each year just to raise the growth rates of those countries a little bit and finally accepting that greece really doesn't have a future in the euro zone so greece needs to be out i mean cyprus leaves you bring up a very good point here and if i go to john here i mean the whole world except for a few leaders in the e.u. in some greek politicians have a long ago agreed the greece will default on its debts and we still can kicking the can down the road here i mean why isn't it why is it we just they just take a huge haircut and just move on ok because after two years of watching this continue down the road everyone just has to pay more and more in more go ahead. well it's like the emperor's new clothes new clothes isn't it someone's going to shout out the emperor is naked somebody is going to shout out greece is already in default it is absolute nonsense as you say that they continue to kick the can down the road greece is bust it's time for greece to leave the euro zone's time for greece to be able to take back the track and deva

structural funds which would allow you to send money off each year just to raise the growth rates of those countries a little bit and finally accepting that greece really doesn't have a future in the euro zone so greece needs to be out in cyprus and so you bring up a very good point here and in it if i go to john here i mean the whole world except for a few leaders in the e.u. in some greek politicians have long ago greed the greece will default on its debts and we still can kicking the can down the road here i mean why isn't it why is it we just they just take a huge haircut and just move on ok because after two years of watching this continue down the road everyone just has to pay more in more inmore go ahead. well it's like the emperor's new clothes new clothes isn't it someone's going to shout out the emperor is naked somebody has got a shout out greece is already in default it is absolute nonsense as you say that they continue to kick the can down the road greece is bust it's time for greece to leave the euro zone it's time for greece to be able to take back the track and devalu

structural funds which would allow you to send money off each year just to raise the growth rates of those countries a little bit and finally accepting that greece really doesn't have a future in the euro zone so greece needs to be out in cyprus league so you bring up a very good point here and if i go to john here i mean the whole world except for a few leaders in the e.u. and some greek politicians have a long ago agreed the greece will default on its debts and we still can kicking the can down the road here i mean why isn't it why is it we just they just take a huge haircut and just move on ok because after two years of watching this continue down the road everyone just has to pay more in mail or in more go ahead. well it's like the emperor's new clothes new clothes isn't it someone's going to shout out the emperor is naked somebody is going to shout out greece is already in default it is absolute nonsense as you say that they continue to kick the can down the road greece is bust and it's time for greece to leave the euro zone it's time for greece to be able to take back the track

that he still wants a referendum because the e.u.'s out of date. the european union a nine hundred fifty s. political structure it's an outdated architecture for a modern continent when we joined the european union and for what became the european union in the early one nine hundred seventy s. western europe about climate accounted for thirty six percent of global g.d.p. gave the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade log it turns out we shackled ourselves to a corpse i think we're better off. we can wash our full interview with british conservative m.p. adult duggal carswell in around ten minutes time here on our team in the meantime here's what else is happening around the world at this hour hundreds of earthquake survivors in the eastern turkish town of injured mother freezing night in the open while queuing for emergency tents fights broke out as people scramble for what little aid is available the seven poi

that he still wants a referendum because the e.u.'s out of date. the european union in one nine hundred fifty s. political structure it's an outdated architecture for a modern continent when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade bloc it turns out we shackle both souls to a corpse i think we're better off. when you can watch our full interview with british conservative m.p. adult duggal chorus well in around ten minutes time here on our team in the meantime here's what else is happening around the world at this hour hundreds of earthquake survivors in the eastern turkish town of emphasis have endured another freezing night and be open all queuing for emergency tents fights broke out as people scramble for what little aid is

but you're feeling it in one thousand fifties political structure it's an outdated architecture for a modern continent when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. to date the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade bloc it turns out we shackled ourselves to a corpse i think we're better off out. there let's get some more thoughts on this big story dr marcus curve is a political economy professor at the burton institute of technology he's the man who tried to get germany's bankrolling of other states deemed illegal we're delighted to have you on the program tonight dr kirby thanks being with us so here we are despite your very best efforts of all the publicity around it germany has not only upheld the legality of bailouts today it's also just approved those two hundred billion euros more in contributions to th

part of the e.u. and daniel bush is in brussels daniel already signs of concern among the politicians and bureaucrats there. yes the protesters have come here they are turning up at the central park in brussels from the european parliament building where they've marched from they want to create here i know told it's of paul what they call a people's parliament which doesn't serve the financial elites but the thirty's are saying that they're actually bans protesters from camping here on the grounds that there is no running water available for them no protests have been saying that skeptical that this is the real reason they just want to excuse to stop the sorties or to stop them getting here or not the grouping here you know the reaction was also shocked from the european union itself officially when almost about the significance of the protests a european commission official also how does that concern also disregarding their concerns and also people have been shocked that the e.u. employment commissio

political structure it's an outdated architecture for a modern continent when we joined the european union or what became the european union in the early one nine hundred seventy s. western europe at that time accounted for thirty six percent of global g.d.p. today the european continent accounts for far less than that by twenty twenty it would account for a mere fifteen percent of global g.d.p. we joined what we thought was a prosperous trade bloc it turns out we shackled ourselves to a corpse i think we're better off out. let's get some more thoughts on this big story dr marcus curve is a political economy professor at the burton institute of technology he is the man who tried to get germany's bankrolling of other states deemed illegal we're delighted to have you on the program tonight dr kirby thanks being with us so here we are despite your very best efforts of all the publicity around it germany has not only upheld the legality of bailouts today it's also just approved those two hundred billion euros more in contributions to the e.u. bailout fund how does that make you feel toni

ensuring its recovery can only be positive for this country's wellbeing will be no winners should the e.u. be fed to the wolves but it's not all financial altruism russia would be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds also as russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to be spent at home although economist suggest it is not enough to make a real dent in russia's plans i would still say you know what talking about ten billion dollars which can be important in mond for maybe specific kountry in the european union zone but for russia to take into account the central bank reserves say about five hundred billion dollars where really talking you know i'm on a financial decisions politically there's also majlis to be meet russia wants closer relations with western europe so coming to its rescue in its hour of need can only be to its credit something which may come in handy when discussions fo

ensuring its recovery can only be positive for this country's wellbeing will be no winners should the e.u. be fit to the world's but it's not all financial altruism russia will be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to be spent at home although economists suggest it is not enough to make a real dent in russia's plans i would still say you know we're talking about ten billion dollars which can be important amount for maybe specific kountry and in the european union's on but for russia to take into account the central bank reserves say about five hundred billion dollars where really talking while. i'm on a financial decisions politically there's also mileage to be made russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in handy when discussions

the positive for this country's wellbeing will be no winners should the e.u. be fit to the wolves but it's not all financial old truism russia would be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to be spent at home although economists suggest it is not enough to make a real dent in russia's plans i would still say you know what talking about ten billion dollars which can be important in mond for maybe specific kountry in the european union and so on but for russia to take into account the central bank reserves say about five hundred billion dollars where really talking walter you know lamar in the financial decisions politically there's also majlis to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in handy wh

ensuring its recovery would only be positive for this country's wellbeing will be no winners should the e.u. be fit to the world's but it's not all financial all truism russia would be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by use treasuries on the downside money that does go for the eight is not available to be spent at home although economist suggest it is not enough to make a real dent in russia's plans i would still say you know what can bill and also which can be important in mali for maybe specific country and the european union zone but for russia to take into account the central bank reserves five hundred billion dollars where really talking about you know rolled lamar in the financial decisions politically there's also mileage to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in handy when discussions focus

ensuring its recovery could only be positive for this country's wellbeing will be no winners should the e.u. be fed to the wolves but it's not all financial old truism russia would be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to be spent at home although economists suggest it is not enough to make a real dent in russia's plans i would still say you know what talking about ten billion dollars which can be important amount for maybe specific kountry and i mean the european union zone but for russia to take into account the central bank reserves say about five hundred billion dollars where really talking while. i'm on the financial decisions politically there's also miles to be meet russia wants closer relations with western europe to come into its rescue in its hour of need can only be to its credit something which may come in handy when discus

ensuring its recovery can only be positive for this country's wellbeing will be no winners should the e.u. be fed to the wolves but it's not all financial old truism russia will be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to be spent at home although economists suggest it is not enough to make a real dent in russia's plans i would still say you know we're talking about ten billion dollars so which can be important in mond for maybe specific kountry in the european union and so on but for russia to take into account the central bank reserves say about five hundred billion dollars where really talking about you know lamar in the financial decisions politically there's also miles to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in handy

ensuring its recovery could only be positive for those countries will be will be no winners should the e.u. be hit to the world's but it's not all financial all truism russia will be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to be spent at home although economists suggest it is not enough to make a real dent in russia's plans i also say you know we're talking about ten billion dollars which can be important amount for maybe specific kountry in a in the european union zone but for russia to take into account the central bank reserves say about five hundred billion dollars we are really talking about you know rolled lamar in a financial decisions politically there is also more of this to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in ha

ensuring its recovery could only be positive for this country's wellbeing will be no winners should the e.u. be fed to the wolves but it's not all financial all truism russia will be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to be spent at home although economists suggest it is not enough to make a real dent in russia's plans i also say you know we're talking about ten billion dollars which can be important for maybe a specific country in a in the european union zone but for russia to take into account the central bank reserves five hundred billion dollars we are really talking about you know rolled them on a financial decisions politically there's also miles to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in handy when discussions focu

ensuring its recovery could only be positive for this country's wellbeing will be no winners should the e.u. be fed to the wolves but it's not all financial all truism russia will be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go through the aid is not available to the stance of home although economists suggest it is not enough to make a real dent in russia's plans i would still say you know we're talking about ten billion dollars which can be important in mind for maybe specific kountry and the european union's on but for russia to take into account the central bank reserves say about five hundred billion dollars where really talking about you know lamar in the financial decisions politically there's also majlis to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in handy

ensuring its recovery would only be positive for this country's well being will be no winners should the e.u. be good to the wolves but it's not all financial all truism russia would be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go for the aid is not available to the spirits of home although economists suggest it is not enough to make a real dent in russia's plans i also say you know we're talking about ten billion dollars which can be important for maybe specific kountry and i mean the european union's own but for russia to take into account the central bank reserves say about five hundred billion dollars. talking ball rolled lamar in a financial decisions politically there's also mileage to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in handy when discussions focus o

pressure on e.u. leaders to take crisis solving steps on the research results is no light summit they reached a deal to write off talk of greek debt and give a structured country another one hundred billion euros in rescued a. hundred dollars for his family plans to sue nato for breaking the given mandate by striking the late colonel's convoy as it was trying to flee the advances also be that into the flow of weapons on the libyan streets many fear it will lead to new violence. on the back with more news in full in fifteen minutes time and it's close they were under the latest in sports. hello there thanks for joining me and this is what is coming up three my. hopes of ending the year as world number one are in taxes after pulling out of the w t a championships plus on target a k forty seven on body killer lane to help steer scarred ambrose's in basketball league. and on the global suarez course twice as little paul chelsea man city and blackburn make the quarterfinals of the carling cup. the start of

ensuring its recovery could only be positive for this country's wellbeing will be no winners should the e.u. be fed to the wolves but it's not all financial also as a russia would be seeking some sort of reassurances as to the structural reforms in europe's most indebted nations also buying european bonds offers russia the prospect of diversifying its reserve holdings which are now dominated by u.s. treasuries on the downside money that does go through the aid is not available to be spent at home although economists suggest it is not enough to make a real dent in russia's plans i would still say you know we're talking about ten billion dollars so which can be important amount for maybe specific kountry and i mean the european union zone but for russia to take into account the central bank reserves say about five hundred billion dollars we are really talking ball rolled lamar in a financial decisions politically there's also mileage to be meet russia wants closer relations with western europe to coming to its rescue in its hour of need can only be to its credit something which may come in ha

structure destroyed by civil war and nato bombs. plans on the saving the us risk as a crucial meeting of european finance ministers is cancelled ahead of wednesday's e.u. summit and its cost down over the prospects of a solution being bound to the deepening debt crisis. a new study says the u.s. used secret uranium based weapons in iraq causing congenital illnesses increasing intensity and instant civilians reports found a new generation of bombs was employed by american tourists baffled from the seven years ago. a special report now cowboys in paradise is next here nazi. yeah i think it's western.

in europe, leaders are wrestling with the difficult fiscal condition of several e.u. members as well as some complex challenges around the structure of the european union. they are working to stabilize their banks. there are not any easy answers here, and the outcome in europe will affect us all. this much is clear -- three leading economies, not just two, now confront growing vulnerabilities and thus have special responsibilities. china has cemented its place with the united states and europe as one of three principle engines of the global economy. that means that the world increasingly looks to china as well to help power global growth, to reinvigorate global demand, to rebalance its own economy, and in doing so, help rebalance global investment flows and ultimately help speed up the global recomp ri. don't get me wrong, the united states is still the largest and richest economy with a gdp more than twice the size of china's. we're the most important source of trade in investment, and america is the leader innovator and builder. we have a particular speedometer, wor