Browse content similar to HARDtalk Review of the Year. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
streamline the system. Up those are the headlines. Now it is time for | :00:07. | :00:17. | |
:00:17. | :00:24. | ||
HARDtalk review of the year. Welcome to a special year Indian | :00:24. | :00:28. | |
edition of heart Oct. It is a chance to look back at some of the | :00:28. | :00:36. | |
most memorable encounters. A A u. - - a year-in doing addition of | :00:36. | :00:46. | |
HARDtalk. London is the financial centre of Europe. The question is, | :00:46. | :00:51. | |
is the European economy on the brink of collapse? What does that | :00:51. | :00:59. | |
mean for the world economy. Much of the focus is on grace. Much of -- | :00:59. | :01:09. | |
:01:09. | :01:12. | ||
if Greece to faults, Europe will follow it. -- if Greece to faults. | :01:12. | :01:18. | |
Even in the worst possible crisis for the euro in history, it is an | :01:18. | :01:22. | |
extremely strong currency that has lost 10 cents in the past year and | :01:22. | :01:28. | |
then regained them. A look at a Euro that has almost not suffered | :01:28. | :01:37. | |
at all. Greece, in spite of those numbers, has not collapsed. | :01:37. | :01:43. | |
Everybody is predicting it will. you look at the bond markets and | :01:43. | :01:48. | |
the ratings agencies, the message is that sooner or later, however | :01:48. | :01:53. | |
many an emergency measures you leaders used, Greece will of what | :01:53. | :02:00. | |
we have to default stop Mellor I do not think so. The message of the EU | :02:00. | :02:10. | |
is very clear. They will not allow such an account in the Greek crisis. | :02:10. | :02:15. | |
Jack Straw, who was British Foreign Secretary for years, he said just | :02:15. | :02:21. | |
the other day that the euro in its current form is going to collapse | :02:21. | :02:27. | |
and it is better if this happens quickly rather than at the slow | :02:27. | :02:32. | |
death stop iller it has been announced a long time ago by many | :02:32. | :02:42. | |
:02:42. | :02:43. | ||
people. The euro is still there. Deeply unhealthy. I do not think so. | :02:43. | :02:47. | |
The euro has some difficult is to Facebook we are facing them. There | :02:47. | :02:56. | |
is no threat of collapse. So, as a significant default. Is that | :02:56. | :03:01. | |
possible with grease inside the eurozone? Yes, you can have a | :03:01. | :03:06. | |
controlled the fault and remain within the eurozone. That is what | :03:06. | :03:11. | |
is necessary. Postponing the day of reckoning can make it much worse. | :03:11. | :03:17. | |
It is becoming a little alarming, the size of package the eurozone is | :03:17. | :03:26. | |
talking about. Mr Papadopoulos, do you ever think that borrowing more | :03:26. | :03:31. | |
money from the Central Bank simply to allow Greece to service their | :03:31. | :03:37. | |
debts to other European banks is doing us no favours, harming the | :03:37. | :03:42. | |
interests of our own people and simply looking after the interest | :03:42. | :03:46. | |
of the be European banks? Would it not be better for your own people | :03:46. | :03:54. | |
to default? Of course not. Because if you declare a default then it is | :03:54. | :03:58. | |
like committing suicide. Your banks will be destroyed. Your economy | :03:58. | :04:04. | |
will be cut off from the rest of the world. We are end into integral | :04:04. | :04:11. | |
part of the European Union. Greece will leave the eurozone. Whoever is | :04:11. | :04:18. | |
left in the eurozone will be in a tighter fiscal and regulatory union | :04:18. | :04:22. | |
than now. When they start looking at that it will be very hard to | :04:22. | :04:31. | |
keep Greece. And a whole host of countries far removed from London | :04:31. | :04:36. | |
including China, India and Brazil were growing at an impressive rate | :04:37. | :04:42. | |
in 2011. But here in western Europe that is a sense that the economic | :04:42. | :04:51. | |
party is over and the hangover is likely to linger for use. What we | :04:51. | :04:58. | |
see across the OECD up budget deficits running on average at 7.5% | :04:59. | :05:07. | |
of GDP. -- linger for years. Amongst the industrialised nations | :05:07. | :05:11. | |
there has been a fundamental failure of political leadership. | :05:11. | :05:17. | |
Would you agree? The problem of bringing down those deficits today | :05:17. | :05:23. | |
is not and the very important, but it will come our allies for a | :05:23. | :05:32. | |
generation. --, out lives for a generation. First we must stop the | :05:32. | :05:39. | |
rot. The debt will rise as a percentage of GDP for several years. | :05:39. | :05:45. | |
By the time we stopped we will not be able to prove. We will need | :05:45. | :05:50. | |
another effort to get it down to a more manageable level. By that time, | :05:50. | :05:54. | |
an ageing will come into these countries and that will report | :05:55. | :06:02. | |
require another few points of GDP. -- that will require. This will | :06:02. | :06:07. | |
take 15 or 20 years stop what you are one of the most respected fund | :06:07. | :06:12. | |
managers in the US. Do you feel under more pressure then you have | :06:12. | :06:19. | |
ever felt before? I feel more worried and scared. Not just as a | :06:19. | :06:24. | |
fund manager, but as a father. Every day when I kiss my daughter | :06:24. | :06:29. | |
goodbye, I wonder what world she will inherit, given the head wins | :06:29. | :06:35. | |
that we are facing at the level of countries, regions and the global | :06:35. | :06:45. | |
:06:45. | :06:47. | ||
economy. I am worrying as a fund manager but more as a parent. | :06:47. | :06:51. | |
has been plenty of economic uncertainty this year, but there | :06:51. | :06:57. | |
has also been anger directed at corporations. I have come to the | :06:57. | :07:02. | |
occupied protest outside St Paul's Cathedral in London, one of many | :07:02. | :07:08. | |
across the western world. People here have been inspired by the Arab | :07:09. | :07:13. | |
Spring, the wave of popular uprisings which saw authoritarian | :07:13. | :07:20. | |
rulers topple in Tunisia, Egypt and Libya. The question there, of | :07:20. | :07:26. | |
course, is what next? In October I went to Egypt to look at their | :07:26. | :07:36. | |
revolution are closed. -- up close. October 9th was a turning point in | :07:36. | :07:40. | |
the course of the Egyptian revolution. Thousands of | :07:40. | :07:44. | |
demonstrators, mostly Christians, gathered outside the state | :07:44. | :07:49. | |
television building, protesting about a spate of sectarian attacks. | :07:49. | :07:55. | |
The response was brutal. Protesters were hit by sniper fire and | :07:55. | :08:01. | |
armoured vehicles. 27 demonstrators were killed. The forces of | :08:02. | :08:11. | |
repression have made them mark. Once again the internet is staking | :08:11. | :08:16. | |
out revolutionary passion. This web designer is blocking and organising. | :08:16. | :08:22. | |
He is part of a network committed to confronting what he sees as a | :08:22. | :08:28. | |
military counter revolution. We all talk about the Egyptian revolution. | :08:28. | :08:34. | |
As the revolution happened or is it yet to happen in? The revolution is | :08:34. | :08:42. | |
just getting started. Why are you so cautious? When we took the | :08:42. | :08:48. | |
streets in January, it was not just because of Hosni Mubarak. We wanted | :08:48. | :08:58. | |
the downfall of the regime. They'd just replaced the figurehead. That | :08:58. | :09:05. | |
is not what we want. I drove into central Cairo to meet the media | :09:05. | :09:09. | |
revolutionaries determined to challenge the Red Lions imposed by | :09:09. | :09:19. | |
:09:19. | :09:20. | ||
the military. -- red lines. This is a new network named after the day | :09:20. | :09:25. | |
the revolution started. All the staff are young people plucked from | :09:25. | :09:30. | |
the demonstrations. They are trying to win it editions offer a diet of | :09:30. | :09:37. | |
state propaganda. But when they broadcast live pictures of the 9th | :09:37. | :09:41. | |
October killings, armed troops raided the studio. Protesters | :09:41. | :09:51. | |
:09:51. | :09:52. | ||
screamed and became an internet sensation. This is one of the best | :09:52. | :09:58. | |
known television journalists. She quit state TV in protest against | :09:58. | :10:02. | |
censorship when the revolution began. Then new managers persuaded | :10:02. | :10:09. | |
her to return, promising a return took -- in into two or interference. | :10:09. | :10:14. | |
Quotable or not? How much genuine freedom as the Egyptian media have | :10:14. | :10:20. | |
today? Very little. There has been a progression in freedom since the | :10:20. | :10:26. | |
revolution. We thought things would be different. -- a regression in | :10:26. | :10:34. | |
freedom. At the beginning there was a small ray of light because new | :10:34. | :10:37. | |
channels and publications were being launched and I saw it | :10:37. | :10:42. | |
becoming a more vibrant media with greater diversity. But all our | :10:42. | :10:49. | |
hopes were -. As a minister in the Government, you are responsible | :10:49. | :10:53. | |
ultimately to the Supreme Council of the armed forces. Are you | :10:53. | :11:03. | |
:11:03. | :11:14. | ||
convinced of their commitment to democracy and freedom? TRANSLATION: | :11:14. | :11:20. | |
A functioning democracy is about more than just voting. It is about | :11:20. | :11:22. | |
all the institutions of a civil all the institutions of a civil | :11:22. | :11:28. | |
society. What we see right now in Egypt a military courts and | :11:28. | :11:33. | |
civilian protesters, thousands of them, being put before military | :11:33. | :11:43. | |
:11:43. | :12:00. | ||
courts and sent to military prisons. Do that is not right. There are | :12:00. | :12:06. | |
still people going to the military court. Loggers have been sentenced | :12:06. | :12:10. | |
inside a military court to use in prison because of things they have | :12:10. | :12:20. | |
:12:20. | :12:28. | ||
written. It is still happening in this country. -- to use. -- years. | :12:28. | :12:31. | |
The Ministry of Information was a symbol of the old regime where | :12:32. | :12:35. | |
censorship took place and the press was manipulated. If you wanted to | :12:35. | :12:42. | |
break from the past, why do you continue to sit in your chair as | :12:42. | :12:46. | |
minister of information? Would it not have been better to abandon | :12:46. | :12:56. | |
:12:56. | :13:10. | ||
people here want radical change, not just in politics, but in the | :13:10. | :13:14. | |
economy as well. Workers are pushing for better pay and | :13:14. | :13:21. | |
conditions. The unemployed are demanding work. Everybody wants to | :13:21. | :13:26. | |
see an end to the period of corruption. The revelation faces a | :13:26. | :13:31. | |
fundamental challenge. Can it deliver a new economic deal for | :13:31. | :13:40. | |
Egypt? In Egypt, growth has stalled, unemployment is rising. The | :13:40. | :13:45. | |
economic angered that fuelled the Arab Spring has not gone away. With | :13:45. | :13:53. | |
its main streets hugging the Mediterranean Shaw, Alexandria can | :13:53. | :13:58. | |
still avoid memories of a golden age of prosperity. -- Mediterranean | :13:58. | :14:04. | |
Shaw. But get away from the sea into the poorer neighbourhoods | :14:04. | :14:14. | |
engine into a very different world. -- shore. This is one of the | :14:14. | :14:19. | |
poorest parts of the city. I have been invited by local people to see | :14:19. | :14:25. | |
how ordinary people have to leave in Alexandria. We will go into the | :14:25. | :14:31. | |
depths of the neighbourhood. It is very narrow. What we have our | :14:32. | :14:36. | |
families living in desperate conditions. Here there is a family | :14:36. | :14:42. | |
of six living in one room. If we go into the neighbourhood a bit | :14:42. | :14:48. | |
further we find a toilet. This toy that has to serve the entire | :14:48. | :14:55. | |
building. It is barely a building. There are dozens of people relied | :14:55. | :15:03. | |
on this one tour of it. -- Reliant. Muhammad has lived here all his | :15:03. | :15:13. | |
:15:13. | :15:14. | ||
life. He is out of work and near the out of hope. -- newly. -- | :15:14. | :15:24. | |
:15:24. | :15:39. | ||
The Mubarak again St ranch Egypt as a family business. Swiss banks have | :15:39. | :15:44. | |
frozen hundreds of millions of dollars in the Mubarak accounts. | :15:44. | :15:50. | |
They embraced capitalism, but on their terms. And now the cracks are | :15:50. | :15:56. | |
beginning to show. There is wealthy in Egypt, but it has not spread. | :15:56. | :16:03. | |
The old economic order looks increasingly unsustainable. And now, | :16:03. | :16:09. | |
when one of the country's Regis meant, whose family founded a | :16:09. | :16:15. | |
conglomerate, looks out of his 26th floor apartment, he sees the city | :16:15. | :16:20. | |
again convulsed by a political violence and the future has routed | :16:20. | :16:28. | |
in uncertainty. Entrepreneurial spirit and new investment. How will | :16:28. | :16:37. | |
that be delivered when this economy is in limbo. There is no leadership, | :16:37. | :16:42. | |
no strategy and that nobody knows we the economy is going. It is not | :16:42. | :16:47. | |
going to happen and this economy will go bust in a few months. Who | :16:47. | :16:51. | |
it will invest when you do not have a democratically elected | :16:51. | :16:56. | |
government? Do you think of survival is at stake it? Do you | :16:56. | :17:06. | |
:17:06. | :17:08. | ||
think there is a real possibility that it could go under? Yes. The | :17:08. | :17:18. | |
$30 billion which were promised, we have seen zilch. In my personal | :17:18. | :17:23. | |
opinion, they do not want this revolution to succeed. If it does | :17:23. | :17:29. | |
succeed, it is like a disease. That is my opinion. This is a great | :17:29. | :17:34. | |
country. Even if it goes bust, it will rise again. I am not upset | :17:34. | :17:40. | |
with the government or the army. I am upset with my people. If we want | :17:40. | :17:46. | |
to change this country, the people have to change. You cannot work for | :17:46. | :17:52. | |
three or four hours a day and expect things to get better. | :17:52. | :18:00. | |
long will it take to change the people? Nothing more graphically | :18:00. | :18:04. | |
illustrated the revolutionary spirit in the Arab world than the | :18:04. | :18:08. | |
demise of Colonel Gaddafi. Just days after he was shot dead, I went | :18:08. | :18:18. | |
:18:18. | :18:18. | ||
to Jordan to meet at Mahmoud Jibril, Libya's interim prime minister. You | :18:18. | :18:25. | |
seem to be walking away from this. You said, days ago that when | :18:25. | :18:31. | |
liberation is officially announced, which is about to happen as we | :18:31. | :18:36. | |
speak and will signal the end of the conflict, you said, I am | :18:36. | :18:46. | |
:18:46. | :18:49. | ||
walking away. I quit. Why? I think it I will try to develop a civil | :18:49. | :18:58. | |
society organisation in Libya. I still believe Libya can be a model | :18:58. | :19:08. | |
:19:08. | :19:09. | ||
for the Arab Spring if we let those who initiated this revolution | :19:09. | :19:14. | |
develop a political platform which reflects their own dreams, not ours. | :19:14. | :19:19. | |
And organise themselves. Then we have a new brand of leadership. | :19:19. | :19:24. | |
amid all the talk of new leaders, a new Middle East, 2011 saw the | :19:24. | :19:29. | |
demise of another Thiago who had wilted significant influence in the | :19:29. | :19:38. | |
region over the past 15 years. Osama Bin Laden. He was killed by | :19:38. | :19:43. | |
US special forces in Pakistan, we had been hiding for years. Had | :19:43. | :19:49. | |
Pakistan known of his location? Was Islamabad air that a genuine | :19:49. | :19:59. | |
:19:59. | :20:01. | ||
partner? We now know that from 2005 when you were in power Osama Bin | :20:01. | :20:08. | |
Laden was living within earshot are of Pakistan's most prestigious | :20:08. | :20:14. | |
military camp in Abbottabad. We know that she failed. What about | :20:14. | :20:18. | |
the people that we caught from number three downwards, dozens of | :20:18. | :20:24. | |
them. Why do you always see the glass half-empty? What about a half | :20:24. | :20:30. | |
full part? Every individual from number three downwards was caught | :20:30. | :20:36. | |
by Pakistan. What do you think of that positive? To Grote Robert | :20:36. | :20:44. | |
Gates, the former Defence Secretary, you played both sides. Is signed up | :20:44. | :20:48. | |
to the US war on terror bad at the same time you did not give up your | :20:48. | :20:52. | |
ties to Islamist movements including the Taliban. That is | :20:52. | :20:59. | |
baseless. I have always maintained excellent relations with President | :21:00. | :21:09. | |
Bush and Colin Powell. It is complicated in itself. They are the | :21:09. | :21:16. | |
people who ordered the assistant Secretary of State did Armitage to | :21:16. | :21:22. | |
tell you that if he did not join in after 9/11 that Pakistan would be | :21:22. | :21:27. | |
bombed back to the Stone Age. You started it on the basis of a threat. | :21:27. | :21:33. | |
You must have resented that for the rest of your time in office. After | :21:33. | :21:40. | |
that, when I joined the Coalition, how did events take place in the | :21:40. | :21:44. | |
seven years beyond is the question. That is where I think we were | :21:44. | :21:50. | |
delivering and we have taken... And that is where my relationship with | :21:50. | :21:54. | |
President Bush and Colin Powell developed. This has been the year | :21:54. | :21:58. | |
that has challenged assumptions. The Western economy has looked | :21:58. | :22:03. | |
alarmingly vulnerable. The Middle East is in a state of unprecedented | :22:03. | :22:09. | |
flux. Beautiful art can inspire us, captivate us, even in the toughest | :22:09. | :22:15. | |
of times. And this here the HARDtalk test who best embodied the | :22:15. | :22:20. | |
inspirational power of art was Carlos Acosta, the Cuban Ballet | :22:20. | :22:30. | |
:22:30. | :22:36. | ||
dancer long regarded as one of the world's greatest. Sometimes you | :22:36. | :22:44. | |
have said things like: The pain, my hips, every time I do the splits it | :22:44. | :22:50. | |
hurts. And you ask yourself, is it worth it? The art is beautiful and | :22:50. | :22:55. | |
someone has to do it, but it does not have to be used. Well, you know, | :22:55. | :23:05. | |
:23:05. | :23:06. | ||
I get there. I still think I have what it takes. It is difficult | :23:06. | :23:14. | |
sometimes. Difficult to know when it is the right time. I am not 40 | :23:14. | :23:20. | |
yet. On I think I still represent the quality that people like for my | :23:20. | :23:29. | |
dancing. It is not very far away now. You are saying that with a | :23:29. | :23:37. | |
smile, as they you are not frightened of that prospect. I am. | :23:37. | :23:44. | |
You know when you have this relationship and he spent 30 years | :23:44. | :23:51. | |
Marite but for some reason you don't feel that you can be together | :23:51. | :23:59. | |
any longer. And then for some reason you still have the memories: | :23:59. | :24:02. | |
This is the woman you love who gave you all these memories but you | :24:02. | :24:09. | |
can't be to get any more. That is me and ballet. It is very difficult | :24:09. | :24:15. | |
for me to accept that truth. HARDtalk well, of course, keep the | :24:15. | :24:22. |