inside the europe. we see a very contradictory headed you the shale gas you know you were speaking about russian. for example germany france the nuance in this country. is the future reality if you will always see that now the main driver of shale gas production in europe is paul about who was. in those three ball and if we try to analyze the real situation the sale goes of course we still have could we see conference suspicious presentations but no business. so you can compare notes through showgirls production in europe where you will understand that north rim is a reality show this is to a dream. let's take a look at how the market's not performing oil is trading near the highest level in three months lights which is currently trading at around nine to six dollars per barrel while brant is at one hundred fifteen dollars. and u.s. stocks have open time but quickly slipped into red as italian prime minister won a budget both without an absolute majority and the european central bank council members set

with this crisis mr sarkozy says no euro no europe surely europe worth of oil without the euro so that there's i know i know from a little quote my successor in office for example of course europe's going to have problems if the euro has problems but there's one thing you can be sure of the euro is going to survive as a common currency even it theoretically things turn out differently which i find very improbable we will still have a united europe it is programmable you would chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency. on the. i do not think that was our situation of the european commission it's employees that had to conduct an inspections they had let us know that we could take the responsibility for greece's e.u. a session on ourselves but it was a purely preparatory mission conducted by the european commission on the national government we had made the decision to take greece in we cannot claim without having firm proof that the information we got then was diplomatically speaking not entirely correct very.

with this huge debt crisis mr sarkozy says no euro no europe surely europe will survive without the euro so that there's and i know for more this is a quote my successor in office likes to use of course europe is going to have problems if the euro has problems but there's one thing you can be sure of the euro is going to survive as a common currency even if erotically things turn out differently which i find very improbable youth we will still have a united europe it is right in or prague you would chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency club nicholas on the as it towards your own via i do not think that was our situation of the european commission its employees that had to conduct an inspections they had let us know that we could take the responsibility for greece's e.u. a session on ourselves because it was a purely preparatory mission conducted by the european commission the national governments we had made the decision to take greece in we could not claim without having firm proof that the information we

europe cannot be successful i also believe that germany cannot be successful without europe the penchant for political integration and the understanding that base euro and europe have become intricately connected is more than shared at the moment merkel has time and again driven that point home saying if the hero fails europe will fail and that argument could hardly be more cogent at a time of a crisis not only threatens to wreak havoc on the european economy but also in danger its political stability while all the parties concerned seem to acknowledge the need for a concerted approach in practice the will to make this happen is still lacking and with a series of departures and governments across the e.u. the current structure of european institutions seems to be slowly losing relevance ultimately this comes at the expense of the rest of politics where it is the extreme right there has been gaining momentum as a backlash against the euro zone's so really not just the economy but also domestic politics that is at stake here take a look about the future of the political union if i go to ve

with this crisis mr sarkozy says no euro no europe surely europe with a void without the euro so and that's i know i know for you this is a quote my successor in office like the words are of course europe's going to have problems if the euro has problems but there's one thing you can be sure of and if the euro is going to survive as a common currency there even it theoretically things turn out differently there which i for a very important you think we will still have a united europe it is vital in all program you would child slot when greece cooked its books to join the euro should you have stopped the things from joining the single currency company. on those it was your own via i do not think that was our situation of the european commission its employees that had to conduct the inspections they had let us know that we could take full responsibility for greece is a session on our sound and it was a purely preparatory mission conducted by the european commission the national governments we had made the decision to take greece in we could not claim without having a firm proof that th

with this debt crisis mr sarkozy says no euro no europe surely europe will survive without the euro so that there's i know i know former english as a quote my successor in office like to of course europe's going to have problems if the euro has problems but there's one thing you can be sure of at the end of the euro is going to survive as a common currency there even it theoretically things turn out differently which i find very approachable you think we will still have a united europe it is vital in all pugging you would chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency. on those it towards your invalid i do not think that was our situation of the european commission its employees that had to conduct inspections they had let us know that we could take the responsibility for greece's e.u. a session on ourselves and it was a purely preparatory mission conducted by the european commission and the national governments if we had made the decision to take greece in we could not claim without having the firm proof that th

are the implications of that for gazprom and europe. regulator reprovision is not the issue the e.u. germany and the rest of the nations need gas to sensibly reform their energy policy and russia on the other hand has to sell gas to keep its budget in order so there's a. co-dependency which is a good thing now to be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy that is good for the marketer what do you think of the recent in your raids on gazprom and its partners in europe think about just the or p.r. guys i think europeans need gas field gas has many uses with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of these you know better than anyone else for instance that written recently switched from export to india old europe needs a gas supply to maintain a stable mix of energy sources but it's climatic conditions require them and it needs norway to get outside but also russia's gas an

are the implications of that for gas problem and europe. regulator reprovision is not the issue the e.u. germany and the rest of the nations need gas to sensibly reform their energy policy and russia on the other hand has to sell gas to keep its budget in order so there's a. co-dependency which is a good thing for g.e. how to be happy to see european companies invest into russia and european markets open up to what and companies it's a good free market economy that is good for marc rich or what do you think of the recent you raids on gazprom and its partners in europe think of the or p. i guess i think europeans need gas field gas has many uses with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of these you know better than anyone else for a space that britain recently switched from export to india old europe needs a gas supply to maintain a stable mix of energy sources but it's climatic conditions require them and it needs norway to gaslight but also russia's gas and the

peace allies in europe are good . when you serve the german chancellor there was no question of receiving financial aid from china or russia directly or indirectly through the i.m.f. do you regret that's happening potentially and what would be the implications i think it doesn't i don't think we should feel bad about other nations get out stronger be they russians chinese brazilians south africans all indians are it should not concern us because these countries offer us more opportunity to export our products as they develop a vague. but that's only the case if we stay back to stay more innovative when we fulfill our agenda of twenty eight and up and sort out our social policies and germany is the only country that understood back in two thousand and three that for an aging country to maintain prosperity as it must provide for chang i think i wonder if the rest of the e.u. states having understood this a decade later we'll manage to take the action needed to maintain prosperity eyes on the other hand we have an unders

inside the europe. we see a very contradictory did you to sell gas you know that you were speaking about russian partners in north korea for example germany france the new alliance this country. is the future relative you are we see that now the main driver of shale gas production europe was paul about who was in struggle always in those three ball and you food tried to analyze the real situation the sale goes of course we still have could we see some conference suspicious presentations but no business. so you can come through with shell gas production in europe where you will understand the north rim is a reality show us is to a dream. let's take a look at how the markets are performing oil is trading near the highest level in three months lights we just currently at around nine to six dollars per barrel while branches that one hundred fourteen dollars. stocks have risen after each of this president said prime minister silvio berlusconi will resign boosting optimism the nation will appoint a leader who

with this debt crisis mr sarkozy says no euro no europe surely europe will survive without the euro so and. i know from where this is a quote from a successor in office for example of course europe's going to have problems if the euro has problems but there's one thing you can be sure of and if the euro is going to survive as a common currency there even if erotically things turn out differently which are different very broadly you think we will still have a united europe it is vital in all probable you will child's lot when greece cooked its books to join the euro should you have stopped athens from joining the single currency. on the records you want via i do not think that was our situation of the european commission its employees that had to conduct inspections they had let us know that we could take the responsibility for greece's e.u. a session on our cell and it was a purely preparatory mission conducted by the european commission of the national governments if we had made the decision to take greece in we cannot claim without having the film crew for the information we've got t

inside europe. we see a very contradictory headed you shale gas and you know you were speaking about russian but there's a norse to resample germany france a new alliance this planter's son will sink in but surely as is the future if you were there we see that now the marines are serious production the europe is poor but who was. always wealthy and all and if we try to analyze the real situation the sale goes of course we sort of can you see conference suspicious presentations but no business is rooted so you can compare most through the show goes production in europe or you will understand with the north and with the reality show get this to a dream. let's take a look at how the markets are performing well is trading near the highest level in three months lights which is currently at around nine to six dollars per barrel while branches at one hundred fourteen dollars. you are stocks have risen after each miss president said prime minister silvio berlusconi will resign boosting optimism the nation w

europe cannot be successful i also believe that germany could of been successful in the old europe penchant for political integration and the understanding that the euro and europe have become intricately connected is more than shared at the moment merkel has time and again driven that point home saying if the euro fails europe will fail and that argument could hardly be more cogent at a time when the crisis not only threatens to wreak havoc on the european economy but also in danger its political stability but well all the parties concerned seem to acknowledge the need for a concerted approach in practice the will to make this happen is still lacking and with a series of departures and governments across that you the current structure of european institutions seems to be slowly losing relevance ultimately this comes at the expense of the rest of politics where it is the extreme right there has been gaining momentum as a backlash against the euro zone's failure so really not just the economy but also domestic politics that is at stake here well take a look about the future of the political

be successful we got europe for political integration and the understanding that the euro and europe have become intricately connected is more than shared at the moment merkel has time and again driven that point home saying if the euro fails here are both fail and that argument could hardly be more cogent at a time when the crisis not only threatens to wreak havoc on the european economy but also in danger its political stability or well all the parties concerned seem to acknowledge they need for a concerted approach and practice the will to make this happen is still lacking and with a series of departures and governments across that you the current structure of european institutions seems to be slowly losing relevance alternately this comes at the expense of domestic politics where does the extreme right has been gaining momentum as a backlash against the euro zone's failure so really not just the economy but also domestic politics that is at stake here take a look about the future of the political union if i go to vernon first in london merkel says we need more europe not less yea

peace allies in europe but. when you serve the german chancellor there was no question of receiving financial aid from china or russia directly or indirectly through the i.m.f. do you regret that's happening potentially and what would be the implication i think it doesn't look good i don't think we should feel bad about other nations getting stronger be they russians chinese brazilians south africans or indians it should not concern us because these countries offer us more opportunity to export our products as they develop vick. but that's only the case if we stay got to stay more innovative when we fulfill our agenda of twenty canada and sort out our social policies and germany is the only country that understood back in two thousand and three good for an aging country to maintain prosperity it must provide for a change of think about i wonder if the rest of the e.u. states i mean understood this a decade later i'll manage to take the action needed to maintain prosperity eyes on the other hand we have an unders

europe cannot be successful i also believe that germany cannot be successful without europe penchant for political integration and the understanding that the euro and europe have become intricately connected is more than shared at the moment merkel has time and again driven that point home saying if the euro fails europe will fail and that argument could hardly be more cogent at a time when the crisis not only threatens to wreak havoc on the european economy but also in danger its political stability or while all the parties concerned seem to acknowledge the need for a concerted approach in practice the will to make this happen is still lacking and with a series of departures and governments across the e.u. the current structure of european institutions seems to be slowly losing relevance ultimately this comes at the expense of domestic politics where it is the extreme right has been gaining momentum as a backlash against the euro zone's failure so really not just the economy but also domestic politics that is a stake here or take a look about the future of the political union if i g

with this in your debt crisis mr sarkozy says no hero no europe surely europe will survive without the euro so that there's and i know for more this is a quote my successor in office likes to yours of course europe's going to have problems if the euro has problems but there's one thing you can be sure of the euro is going to survive as a common currency even it theoretically things turn out differently which i find very improbable youth we will still have a united europe it is right in or prague you were chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency club or nicked us on those it towards your environment i do not think that was our situation of the european commission its employees that had to conduct inspections they had letters know that we could take the responsibility for greece's e.u. a session on ourselves it was a purely preparatory mission conducted by the european commission not the national governments we had made the decision to take greece in we could not claim without having firm proof that the infor

with this huge debt crisis mr sarkozy says no hero no europe surely europe will survive without the euro so that there's i know i know former english as a quote my successor in office likes to go to of course europe is going to have problems if the euro has problems but there's one thing you can be sure of at the end of the euro is going to survive as a common currency even it theoretically things turn out differently which i find very improbable you think we will still have a united europe it is vital in orpah gave you were chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency club an if there's. a i do not think that was our situation of the european commission its employees that had to conduct inspections they had let us know that we could take the responsibility for greece's e.u. a session on ourselves but it was a purely preparatory mission conducted by the european commission and the national government we had made the decision to take greece in we could not claim without having firm proof that the information we go

shale gas will have a role in europe will import more l.n.g. from places like guitar and elsewhere and possibly we will see some pipelines coming out of central asia or iraq into europe so there will be more diverse occasion but i think what russia has done. stream and i think we're seeing the same thing with south stream it is in a hurry to make sure that its infrastructure is in place so that at least its market share if you like in terms of volume is protectors are strong competitive advantage and then it will be about the price so how quickly shell gas and other energies become available as competition that will determine the price at which the gas is sold to europe but what russia's made clear it. moved on is to ensure that its at least its volume position its market share is protect its own well i think this is why we're seeing also this political momentum a very strong woman to lead by president putin to ensure that south stream is also ok thank you very much that's all we have time for and join me in fifteen minutes for more. welcome ba

shale gas will have a role in europe will import more l.n.g. from places like atar and elsewhere and possibly we will see some pipelines coming out of central asia or iraq into europe so there will be more diverse occasion but i think what russia has done with. north stream and i think we're seeing the same thing with south stream it is in a hurry to make sure that its infrastructure is in place so that at least its market share if you like in terms of volume is protected or it has a strong competitive advantage and then it will be about the price so how quickly show gas and other energies become available as competition that will determine the price at which the gas is sold to europe but what rush has made very clear and has moved on is to ensure that its at least its volume position its market share is protected and i think this is why we're seeing also this political momentum a very strong momentum principle and to ensure that south stream is also bills ok thank you very much that's all we have time for and join me in fifteen minutes for mor

europe cannot be successful document i also believe that germany could not be successful in the old europe the penchant for political integration and the understanding that the hero and europe have become intricately connected is more than shared at the moment merkel has time and again driven that point home saying if the hero fails europe will fail and that argument could hardly be more cogent at a time when the crisis not only threatens to wreak havoc on the european economy but also in danger its political stability or while all the parties concerned seem to acknowledge the need for a concerted approach and practice the will to make this happen is still lacking and with a series of departures and governments across the e.u. the current structure of europeans attention seems to be slowly losing relevance but ultimately this comes at the expense of domestic politics where does the extreme right wing has been gaining momentum as a backlash against the euro zone's failure so really not just the economy but also domestic politics that is at stake here well take a look about the future of the

europe cannot be successful i also believe that germany cannot be successful in the old europe penchant for political integration and the understanding that the euro and europe have become intricately connected is more than shared at the moment merkel has time and again driven that point home saying if the hero fails europe will fail and that argument could hardly be more cogent at a time of a crisis not only threatens to wreak havoc on the european economy but also in danger its political stability but while all the parties concerned seem to acknowledge the need for a concerted approach and practice the will to make this happen is still lacking and with a series of departures and governments across the e.u. the current structure of europeans decisions seems to be slowly losing relevance ultimately this comes at the expense of domestic politics where it is the extreme right there has been gaining momentum as a backlash against the euro zone's so really not just the economy but also domestic politics that is at stake here both take a look at the future of the political union if i go to v

of that for gas problem and europe. regulator evolution is not the issue which you germany and the rest of the e.u. nations need gas to sensibly reform their energy policy with russia on the other hand has to sell gas to keep its budget in order so there's a codependency which is a good thing i would be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy is good for them are pictures. what do you think of the recent new raids on gazprom and its partners in europe think about the or guts i think europeans need gas gas has many uses or with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of the you know better than anyone else for instance that britain recently switched from export to imperial europe needs a gas supply to maintain a stable mix of energy sources and it's climatic conditions require it needs norway to gaslight but also russia's gas and therefore i think opening

with this huge debt crisis mr sarkozy says no hero no europe surely europe will survive without the euro so that there's i know i know former english is a quote my successor in office like to yours of course europe's going to have problems if the euro has problems but there's one thing you can be sure of the euro is going to survive as a common currency even it theoretically things turn out differently which i find very improbable of youth we will still have a united europe it is vitamin or plugging you were chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency club when it does. i do not think that was our situation of the european commission its employees that had to conduct inspections they had let us know that we could take the responsibility for greece's e.u. a session on ourselves because it was a purely preparatory mission conducted by the european commission the national governments we had made the decision to take greece in we could not claim without having firm proof that the information we got then was diplomat

of that for gas problem and europe. regulator reprovision is not the issue which the e.u. germany and the rest of the e.u. nations need gas to sensibly reform their energy policy with russia on the other hand has to sell gas to keep its budget in order so there's a codependency which is a good thing i would be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy is good for mark good job. what do you think of the recent new raids on gazprom and its partners in europe if you think about the or p.r. guys i think europeans need gas gas has many uses with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of the you know better than anyone else for instance the britain recently switched from export to imperial europe needs a gas supply to maintain a stable mix of energy sources and its climatic conditions require it needs norway to gasoline and also russia's gas and therefore i thi

with this debt crisis mr sarkozy says no hero no europe surely europe will survive without the euro so on that. and a former english is a quote my successor in office like to of course europe is going to have problems if the euro has problems but there's one thing you can be sure of and if the euro is going to survive as a common currency then even it theoretically things turn out differently which i find very appropriate we will still have a united europe it is vital in or prague you would chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency. on those it towards your own via i do not think that was our situation of the european commission its employees that had to conduct the inspections they had letters know that we could take the responsibility for greece's e.u. a session on ourselves and it was a purely preparatory mission conducted by the european commission and the national governments if we had made the decision to take greece in we could not claim without having the firm proof that the information we got then w

itself for western europe especially we're talking about rogue states they're all outside of europe russia has been proposing to do a joint missile defense will be based much down to the south let's say iran is there by job turkey now if you have missile defense over europe you know what happens you intercept the missile over europe you're going to have in in the skies of europe this is something that's not only unnecessary but it's no thing this dangerous i mean you're in danger of being a densely populated continent for some reasons which are not being made clear to anybody so this has a double or triple danger what's going on right now. washington has responded by saying it's not going to reveal its plans for a missile defense shield in europe he's going to come on has more from washington. u.s. that is not planning on making any changes to its missile defense system in europe we heard this from national security council spokesman tommy vietor and this is what he said its implementation is going well and we see no basis for threats to withdraw from it and he is also saying we wil

with this huge debt crisis mr sarkozy says no euro no europe surely europe will survive without the euro so that there's and i know for more this is a quote from a successor in office like to yours of course europe's going to have problems if the euro has problems but there's one thing you can be sure of the euro is going to survive as a common currency even it theoretically things turn out differently which i find very improbable youth we will still have a united europe it is wide open or prague you were chancellor when greece cooked its books to join the euro should you have stopped athens from joining the single currency govern if there's. i do not think that was our situation of the european commission its employees that had to conduct inspections they had letters know that we could take the responsibility for greece's e.u. a session on ourselves but it was a purely preparatory mission conducted by the european commission the national governments we had made the decision to take greece in we could not claim without having firm proof that the information we got then was diplomatically

with this crisis mr sarkozy says no euro no europe surely europe with a void without the euro so and that's i know i know from where you this is a quote my successor in office likelihoods of course europe's going to have problems if the euro has problems but there's one thing you can be sure of that if the euro is going to survive as a common currency even it theoretically things turn out differently which i find very important if we will still have a united europe with. you with charles low when greece cooked its books to join the euro should you have stopped athens from joining the single currency probably need as much of those it towards your own via i don't think that was our situation of the european commission it's employees that had to conduct an inspections they had letters know that we could take the responsibility for greece's e.u. a session on ourselves and it was a purely preparatory mission conducted by the european commission or not the national governments we had made the decision to take greece in we cannot claim without having a firm crew for the information we got t

and europe i hope russia never has to make a good. government is evidently pro european or europe or cannot keep pushing russia or way it hurts russians pride or is it if you we have to keep in mind or world russia has the alternative leadership in egypt or europe has no such alternative to europe's geo political position will only be approved or if it manages to enter a time to plant a ship with russia and at the same time grant session a turkey or that would be a sound strategy again or into the future by us the rest of us in the world to be legal name. the russian president's warns that militarist rhetoric in the middle east and an attack on iran could lead to a catastrophic war in the region to make a very valid statement came during the joint press conference with his german counterpart russia's been voicing strong words against any possible attack on iran following statements by israel that a strike is more likely than diplomacy they want to tie watchdog times about a report on iran's nuclear activities and provide evidence that

peace allies in europe. when you serve the german chancellor there was no question of receiving financial aid from china or russia directly or indirectly through the i.m.f. do you regret that's happening potentially and what would be the implications if think it doesn't have a dollar do not think we should feel bad about other nations get out stronger be they russians chinese brazilians south africans or indians are it should not concern us because these countries offer us more opportunity to export our products as they develop a vehicle. but that's only the case if we stay back to stay more innovative when we fulfill our agenda of twenty and sort out our social policies in germany is the only country that understood back in two thousand and three that for an aging country to maintain prosperity as it must provide for change i think i wonder if the rest of the e.u. states having understood this a decade later i'll manage to take the action needed to maintain prosperity eyes on the other hand we have an under

are the implications of that for gas probably and europe skater new york. regulator international is not the issue but you are not germany and the rest of the nations need gas to sensibly reform that and. russia on the other hand has to sell of gas to keep its budget and so there's a. code and a culture is a good thing of rigi how to be happy to see european companies invest into russia and european markets open up their wasn't company good it's a good free market economy is good for them mark picture what do you think of the recent new raids on gazprom and its partners in europe think about your p.r. guys i think europeans need gas to feel less as many years is a dog with a political uncertainty in north africa also good to have a stable partner that you can rely on what russia is one of the you know better than anyone else for a space that had written recently switched from exports i think it will europe will need to gas supply to maintain a stable mix of energy sources but it's quite not a condition as we want them to get its norway's your advice but als

debt crisis mr sarkozy says no euro no europe surely europe will survive without the euro so unless there's i know i know formerly this is a quote from my successor in office weeks ago of course europe's going to have problems if the euro has problems but there's one thing you can be sure of at the end of the euro is going to survive as a common currency there even if erotically things turn out differently which are very very important you think we will still have a united europe at the side or plug you will charles a lot when greece cooked its books to join the euro should you have stopped athens for joining the single currency. on the one who drives your invite i do not think that was our situation of the european commission its employees that had to conduct the inspections they had let us know that we could take the responsibility for greece's e.u. a session on our south you're certain it was a purely preparatory mission conducted by the european commission the national governments if we had made the decision to take greece in we cannot claim without having the film crew for the informat

europe is less competitive. >> you know what, that's the big problem for europe right now. i'm going to get hate mail for saying this, europeans are lazy and asians are eating their lunch. >> i would like to push back against stephen's analysis. >> okay. >> actually, germany, which has very generous entitlement programs is incredibly productive, a much more successful exporter than the u.s. actually much more successful export economy than china. >> we'll see. >> sweden, another country which has very generous entitlements is not suffering a crisis. the countries in europe which have slashed their government spending, drastically, countries like ireland, actually have not have the markets say hurrah -- the markets have said they're chilling your economy. hang on. the final point. the real crisis is not at moment a structural one. it is that countries are issuing debt in a currency they don't control. if you control the printing press -- >> i don't agree with that. >> you're never going to have a sovereign debt crisis. >> this is an interesting -- >> it's the fact that they

europe cannot be successful i also believe that you cannot be successful without europe penchant for political integration and the understanding that the euro and europe have become intricately connected is more than shared at the moment merkel has time and again driven that point home saying if the hero fails the hero both fail and that argument could hardly be more cogent at a time when the crisis not only threatens to wreak havoc on the european economy but also in danger it's the it of course ability but while all the parties concerned seem to acknowledge the need for a concerted approach and practice the will to make this happen is still lacking and with a series of departures and governments across the e.u. the current structure of european institutions seems to be slowly losing relevance ultimately this comes at the expense of domestic politics where it is the extreme right that has been gaining momentum as a backlash against the eurozone so really not just the economy but also domestic politics that is a stake here well take a look about the future of the political union if i

what are the implications of that for gas and europe. regulator is not the issue the e.u. germany and the rest of the nations need gas to sensibly reform their energy policy with russia on the other hand has to sell gas to keep its budget in order so there's a. co-dependency is a good thing i would be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy is a good fresh marketer what do you think of the recent new raids on gazprom and its partners in europe think about the or p.r. guys i think europeans need gas field as has many uses with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of them you know better than anyone else for instance that written recently switched from export to imperial power europe needs a gas supply to maintain a stable mix of energy sources and it's climatic conditions require them to get its norway together side but also russia's gas and therefore i think opening th

are the implications of that for gazprom and europe as. regulator e permission is not the issue that the e.u. germany and the rest of the e.u. nations need gas to sensibly reform their energy policy to get russia on the other hand has to sell gas to keep its budget in order so there's a. co-dependency which is a good thing now to be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy is good for marc rich or what do you think of the recent interview raids on gazprom and its partners in europe think about the or p.r. guys i think europeans need gas gas has many uses with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of the you know better than anyone else for instance that britain recently switched from export to implode europe needs a gas supply to maintain a stable mix of energy sources that it's climatic conditions require and it needs norway to gaslight but also russia's gas and therefore

delivered directly to western europe bypassing troublesome transit. is expanding operations in both europe and asia now. parkland just south. of the black sea a few projects are underway in just five fields this. is gazprom to becoming a real monopolist and israel should be used as a political tool. once fully operational. twenty six million europeans who was russian gas it's a. running through transit countries the. billion dollars and has been. from the very beginning critics say it's not only super expensive but also. as the. europeans feel. that's the telo and thank you for coming to our program hello first of all let me congratulate you on a big event the note stream pipeline has finally been completed and officially launched. the leaders of russia and germany and the prime ministers of france and the netherlands have given the long ceremony does this mean and then through a period of hard work promotion and litigation for gas problems or does it mark the beginning of a new phase of struggles in this direction in. which of course this is a very s

europe's not. europe is close to flat right now. that means that it can be tipped into a recession. what happens if you're in a recession? people lose jobs and they don't buy things. some things europeans spend money on are made or produced or services offered by americans. when you walk around new york, even atlanta, you'll run into a lot of europeans. when they're in a recession, they won't travel as much and buy as much stuff and that affects jobs in the united states. look at how these markets are going up and down day after day based on what is going on in europe. what goes on in europe affects your 401(k). number three, this is probably the most important, if a country defaults like greece could have or like italy might, it makes lenders, big lenders around the world say, i don't know if it's safe to be lending money at it. reminds us of 2008 and the whole lehman brothers situation and that will have an effect on the united states of people trying to get mortgages or small business loans because money will freeze up, again. everybody in the world should have all eyes on athens

are the implications of that for gazprom and europe. regulator reprovision is not the issue that the e.u. germany and the rest of the e.u. nations need gas to sensibly reform their energy policy with russia on the other hand has to sell gas to keep its budget in order so there's a codependency which is a good thing i would be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy is good for truck what do you think of the recent new raids on gazprom and its partners in europe think about the or gas i think europeans need gas gas has many uses with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of these you know better than anyone else for instance that britain recently switched from export to india old europe needs a gas supply to maintain a stable mix of energy sources that it's climatic conditions require and it needs norway's gas price but also russia's gas and therefore i think opening th

europe. is a new kind of religion. it is run by people who pay follow taxes than anyone else in europe and have the children educated creative child in a surplus of about fourteen private schools from brussels and the european parliament would most the members of paid about three or four times as much money as they would have run in any other trouble your i might have to do in life and the system is essential to corrupt and his unchangeable therefore i'm drawn to politics which believes in two things one is telling people the truth and sticking with it when we achieve office but eventually we will because the public our ups absolutely fed up to the back teeth with mainstream politicians. happiness hopes and promises and delivering absolutely nothing but the opposite david cameron has said that there will be a referendum on on principle this in the e.u. and he wants three patrick powers to britain you don't believe him then you know think he treats his word well he's already lied once which was over promising a referend

when europe sneezes, the u.s. can catch cold so you're seethe whole risk-off disprad that impacts the capital markets, the stock market, the pace of investment by corporations and consumers, so you really have a loss of confidence, a domino effect glowm contend that the financial crisis hasn't changed a thing. we did see a financial firm go bust in recent weeks, m.f. glocialg eighth largest bankruptcy in u.s. history. the market absorbed it. hasn't the market gotten used to this risk? >> you're right, m.f. global, taxpayer money wasn't used. failure is part of capitalism. that part is fine. but just like i read about-- write about in "exile on"" you can considerv many eyes on the market providing checks and boston polices on the system and a lot ofize the market didn't do the job just like they didn't do the job over the last decade, whether accountantes, regulating agencies and others. i would like markets to do their jobs, and markets still aren't doing their jobs. the conclusion of m.f. global and the conclusio

or western europe especially we're talking about rogue states they're all outside of europe russia has been proposing to do or joints missile defense will be based much down to the south as there are by john turkey now if you have missile defense over europe you know what happens you intercept the mist over europe you're going to have fukushima in the in the skies of europe this is something that's not only unnecessary but it's no thing that's dangerous i mean you're endangering a densely populated continent for some reasons which are not being made clear to anybody so this has a double or triple danger of what's going on right now but then again as you said no no legal guarantees are being offered but another concern of course is the threat from inventive as we've heard is that they could be russian skandha missiles directed towards europe as a response to this is that really a cause for concern for europe should the e.u. be concerned about this. well you know once again of course because now there are no missiles being targeted at any of any targets in europe in a year or two you may

from europe into the u.k. then the other way around we have a very viable industry here we've got we've got a fantastic car industry and if the deutsche marks all through the roof people refuse switching straight out a mercedes benz b.m.w. or whatever i'm buying jagger's discoveries range rovers and the sams you name the toyotas made in darby so i think this is this is. it's a sort of rather pathetic threat to children spectrum manufactured by a combination of the liberal party and the people you see on the grounds of neither of those two groups have any experience of the real world the bailout it's just been a green with the extra firepower and the banks agreeing to how greece's debt is really the shot that he needs or is it just another band aid that's about it. and so band-aid because the real numbers so three trillion maybe four trillion and secondly the markets are looking for detail and there is no detail there never has been any detail there was no detail in july it was no detail last year and there wil

and baring their anger to the world a group of ukrainian women make a show across europe with a series of naked protests against the abuse women's rights. there and welcome to our to your source of world news twenty four hours a day monday sees egypt taking a first step of a long parliamentary election which will last in stages until march and while the current leadership portrays it as a climax in a saga of national resistance and the solution to the crisis sentiment on the streets is quite the opposite where there's growing skepticism whether the vote will be fair and democratic parties in the tsunami reports. we're told some adoptions are bracing for the worst medics are lined up and security is tight for egypt's first parliamentary election since the revolution the country's only female candidate for the presidency expects the vote to be void due to from want but sends this message to the supreme council of the armed forces or scaffold who took over after mubarak we are as. movement. we are watching you we. are monitoring the election just to connect their mistakes and their produc

how do you think europe's dependence on the go. well right now china has all the money and as one analyst put it china is right now the banker to the world so it has the money and has the power and and of course the european powers the sarkozy and others they want to increase the of the amount of funds in the n.t. and european bailout fund by a quite a bit and so it's hard to do that it's hard to rectify these problems in the european economy without china's help so china's influence is only such a grow and i think what we're seeing right now is you're seeing europe and united states and a state of crisis because of the forces of globalization and perhaps on the and a larger scale you're seeing a shift of power and a shift and influence both economic power and political influence to the east and to china you know aside from the upper classes in the ruling management didn't know what kind of reaction do you think there could be from the chinese people are they aware of what's going on and what kind of response you think there could

debt crisis mr sarkozy says no euro no europe surely europe with a point without the euro so that there's an a and a formal english is a quote from my successor in office which of course europe's going to have problems if the euro has dropped. but there's one thing you can be sure of i think the euro is going to survive as a common currency there even it theoretically things turn out differently which is very very important we will still have a united europe which is vital and or pluggable you would child slow when greece cooked its books to join the euro should you have stopped athens from joining the single car company. on those it was your environment i do not think that was our situation of the european commission its employees that had to conduct an inspections they had let us know that we could take the responsibility for greece is a session on ourselves and it was a purely preparing for a mission conducted by the european commission the national governments if we had made the decision to take greece in we could not claim without having the firm proof that the information we got the

peace allies in europe. and when you serve the german chancellor there was no question of receiving financial aid from china or russia directly or indirectly through the i.m.f. do you regret that's happening potentially and what would be the implications if think it doesn't have a dollar do not think we should feel bad about other nations get out stronger be they russians chinese brazilians south africans all indians are it should not concern us because these countries offer us more opportunity to export our products as they develop a victim. but that's only the case if we stay better stay more innovative when we fulfill our agenda of twenty eight and up and sort out our social policies and germany is the only country that understood back in two thousand and three that for an aging country to maintain prosperity as it must provide for chain of i think it i wonder if the rest of the e.u. states having understood this a decade later we'll manage to take the action needed to maintain prosperity eyes on the othe

are the implications of that for gas prom and europe. regulator reprovision is not the issue that the e.u. germany and the rest of the nations need gas to sensibly reform their energy policy and russia on the other hand has to sell gas to keep its budget in order so there's a codependency which is a good thing i would be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy is good for marc rich or what do you think of the recent new raids on gazprom and its partners in europe think about the or p.r. guy. i think europeans need gas gas has many uses with the political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of the you know better than anyone else for instance that written recently switched from export to india old europe needs a gas supply to maintain a stable mix of energy sources but it's climatic conditions require it needs norway to get outside but also russia's gas and therefore i think opening