| 00:00:05 |
Unidentified Speaker, -
U.S. AND HER ALLIES FOR THE BACKDROP IS THIS WEEKEND PAUSE TO G-8
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| 00:00:10 |
Harleston, Robb - Host
SUMMIT WHICH FINISHED YESTERDAY AND THE NATO SUMMIT WHICH BEGINS TODAY IN CHICAGO. TO HELP US UNDERSTAND THE RAMIFICATIONS OF WHAT WAS DISCUSSED BY THE...
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| 00:00:56 |
Suominen, Kati - Transatlantic Fellow
ELECTIONS -- PRESIDENTIAL ELECTIONS AS IT WAS ABOUT THE EURO IS ON CRISIS. THE REAL BACKDROP IS THAT THE EUROPEAN ECONOMY AS A MAJOR BEARING ON THE...
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| 00:02:22 |
Harleston, Robb - Host
THE G-8 AND HELD BACK -- AND HOW WILL THAT AFFECT UNITED STATES? GUEST: THEY WILL PROBABLY BE LISTENING FISCAL AUSTERITY THAT THE EUROPEANS HAVE PURSUED.
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| 00:02:37 |
Suominen, Kati - Transatlantic Fellow
GERMANY, HOWEVER, IS RATHER ADAMANT IN ITS POSITION THAT FISCAL FRUGALITY IS THE WAY TO GO IN EUROPE. THIS HAS CAUSED A SLIGHT RIFT BETWEEN THE UNITED...
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| 00:03:58 |
Unidentified Speaker, -
IN AFGHANISTAN TO STAY WITH THE PROGRAM THAT WAS AGREED AT THE LISBON SUMMIT AT THE END OF 2010 WHICH IS A GRADUAL AND MEET YOUR TRANSITION TO AN AFGHAN...
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| 00:04:45 |
Harleston, Robb - Host
IN THE ARTICLE, SHE TALKS ABOUT SOME OF THE THINGS THAT YOU REFERRED TO INCLUDING THE AUSTERITY MEASURES AND THE AMOUNT OF MONEY THAT THE EUROPEAN LEADERS...
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| 00:05:19 |
Flanagan, Stephen - Senior V.P. & Director
REMAIN INCLUDING TRAINERS. THERE WERE FOUR FRENCH TRAINER THAT WERE KILLED RECENTLY AND THAT LED TO THE PRESIDENT SARKOZY CALLING FOR ACCELERATING THE...
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| 00:06:39 |
Harleston, Robb - Host
INDUSTRIALIZED COUNTRIES THAT WAS HELD IN CAMP DAVID THIS WEEKEND. OUR GUESTS ARE STEPHEN FLANAGAN AT KATY SUOMINNE. YOU CAN GIVE US A CALL. WE WILL KEEP...
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| 00:08:36 |
Suominen, Kati - Transatlantic Fellow
DISAGREE ON WHEN TO REDUCE THOSE DEBT LOADS AND HOW TO DO SO. GERMANY PREFERS TO DO SO RIGHT AWAY BY IMPOSING AUSTERITY WHERE PERHAPS THE UNITED STATES...
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| 00:10:49 |
Harleston, Robb - Host
U.S. >> THAT MIGHT MEAN A TOUGHER TIME FOR FAMILIES AND COMMUNITIES. THAT IS WHY EVEN AS
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| 00:11:26 |
Unidentified Speaker, -
WE CONFRONTED OUR OWN ECONOMIC CHALLENGES OVER THE PAST FEW YEARS, WE HAVE COLLABORATED CLOSELY WITH OUR EUROPEAN ALLIES AND PARTNERS THAT THEY HAVE...
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| 00:12:14 |
CALLER, -
COUNTRY. NUMBER ONE. AFGHANISTAN HAS 90% OF THE OPIUM THAT IS USED TO MAKE MORPHINE, THE NUMBER ONE PAIN KILLING DRUG ALL ACROSS THE WORLD. MANUFACTURING...
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| 00:13:16 |
Flanagan, Stephen - Senior V.P. & Director
IT'S PART OF THE PROBLEM THAT AFGHANISTAN CONFRONTS. IT IS AN ECONOMY THAT DOESN'T -- IT ISN'T REGULATED. IT OBVIOUSLY DOESN'T SUPPORT THE STATE....
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| 00:14:51 |
Harleston, Robb - Host
TO A POINT WHERE THEY WOULDN'T NEED AS MUCH NATO SUPPORT THAT THEY COULD ACTUALLY, IN FACT, SUPPORT THEIR OWN ARMY? GUEST: THAT'S THE IDEAL FOR ANY DEVELOPING...
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| 00:15:09 |
Suominen, Kati - Transatlantic Fellow
AFGHANISTAN GAVE THAT DOMESTIC ECONOMY GOING PARTICULARLY AT A TIME WHEN WE HAVE, PERHAPS, LIMITED LEVERAGE IN THE SENSE THAT WE HAVE LIMITED FISCAL RESOURCES...
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| 00:15:56 |
Harleston, Robb - Host
OTTUMWA? CALLER: OTTAWA. HOST: OK, GO AHEAD. CALLER: APPRECIATE YOU TAKING MY
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| 00:16:07 |
CALLER, -
CALL. FROM WORLD WAR I ON, WE GO IN THERE AND HAVE THESE WARS
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| 00:16:11 |
Harleston, Robb - Host
AND THE UNITED
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| 00:16:12 |
CALLER, -
STATES WOULD BANKROLL THESE WARS. WE GO IN. WE REBUILD ALL THE COUNTRY, MORE THAN ONCE. NOW THAT THE EUROPEAN COMMUNITIES AND I GUARANTEE YOU THEY HAVE...
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| 00:17:04 |
Harleston, Robb - Host
BY THE NATO ALLIES? GUEST: IT HAS BEEN A PERENNIAL QUESTION BETWEEN NATO ALLIES AND THE UNITED STATES. THIS IS THE ISSUE DURING THE COLD WAR, IT...
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| 00:17:19 |
Suominen, Kati - Transatlantic Fellow
AN ISSUE AND THE CALLER ALSO REFERRED TO THE U.S. PUTTING THE BILL IN THE EURO ZONE CRISIS, PERHAPS, AND, YOU KNOW, THERE WE HAVE SOUGHT TO SUPPORT...
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| 00:18:20 |
Harleston, Robb - Host
WITH, THEY SAID IT IS $100 A BARREL FOR OIL. YOU CAN BUY OIL FOR $50 A BARREL HERE ON THE GROUND. I DON'T SEE THEM COMING HERE TO BUY THIS OIL, $50...
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| 00:19:12 |
Harleston, Robb - Host
LINE IN WHAT THE ACTUAL EXPENDITURES ON FOREIGN ASSISTANCE ARE.
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| 00:19:16 |
Flanagan, Stephen - Senior V.P. & Director
I DON'T RECALL THE EXACT BUDGET THIS YEAR BUT IN AFGHANISTAN ALONE OVER THE LAST 10 YEARS, THE TOTAL IS ABOUT $17 BILLION IN U.S. ASSISTANCE TO AFGHANISTAN....
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| 00:20:55 |
Harleston, Robb - Host
MY CALL. GOOD MORNING TO YOUR GUEST TODAY. BEFORE THE CHICAGO SUMMIT HITS,
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| 00:21:01 |
CALLER, -
I THINK I HAVE THE ANSWER TO ELIMINATE MOST OF OUR LARGEST PROBLEMS IN THE U.S. AND IN THE WORLD. IT HAS BEEN PROVEN THAT GOVERNMENT OR POLITICIANS...
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| 00:22:26 |
Harleston, Robb - Host
THE BEST WAY TO INCREASE TAX REVENUES, FIRST OF ALL, THESE, OF
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| 00:22:31 |
Suominen, Kati - Transatlantic Fellow
COURSE, REQUIRED FOR WHAT THE CALLER WAS REFERRING TO DURING THE FISCAL BURDENS AND PERHAPS HAVE SOME REDISTRIBUTEIVE EFFECTS IS TO GET THE ECONOMY...
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| 00:23:50 |
Harleston, Robb - Host
AS MADRID MARKS FRONT LINE IN BATTLE TO SAFEGUARD THE EURO." AND THEY WRITE THAT MORTGAGE ARREARS HAS SKYROCKETED SINCE THE HOUSING BUBBLE BURST THREE...
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| 00:24:48 |
Suominen, Kati - Transatlantic Fellow
COURSE, THAT THE BANKS IN EUROPE HAVE A LOT OF SOLVENT DEBT IN THEIR VAULT. AND THE EUROPEAN BANK HAS SOUGHT TO ALLEVIATE THAT BY PROVIDING SOME...
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| 00:25:30 |
Unidentified Speaker, -
OF THE DIPLOMACY AND NATIONAL SECURITY DIVISION OF THE CENTER FOR STRATEGIC AND INTERNATIONAL STUDIES. WE'RE TALKING ABOUT NATO AND THE G-8, THE WORLD...
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| 00:26:01 |
GUEST, -
CREATORS ARE THE PEOPLE THAT BUY THE STUFF. THE CORPORATIONS ARE MAKING OUT AS BANDITS AND THOSE ARE THE PEOPLE THAT ARE ELECTING OUR POLITICIANS. UNTIL...
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| 00:27:20 |
Harleston, Robb - Host
US? WOULD WE BE ON OUR OWN IN IRAN? GUEST: THE CALLER IS RIGHT. THERE'S A LONG HISTORY TO WHAT LED AFGHANISTAN TO BECOME THIS UNGOVERNED SPACE TO BECOME...
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| 00:27:36 |
Flanagan, Stephen - Senior V.P. & Director
LEGACY OF OUR SUPPORT TO THE MUJAHADEEN THAT HELPS GET THE SOVIETS OUT OF AFGHANISTAN. IT'S A COMPLICATED PATH AND MANY OF THE REASONS THAT LED TO THE...
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| 00:30:25 |
Harleston, Robb - Host
ALLIANCE. THE PRESIDENT ON SUNDAY WILL UNVEIL A PACKAGE OF NATO INITIATIVES THAT INCLUDE THE ALLIANCE PURCHASING A FLEET OF SURVEILLANCE DRONES,...
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| 00:31:01 |
CALLER, -
ARE MILKING MONEY OUT OF AFGHANISTAN.
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| 00:31:04 |
Harleston, Robb - Host
THERE'S
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| 00:31:05 |
CALLER, -
NO SCHOOLS. THERE'S NO ROADS. THERE'S NO HOSPITAL. THE ONLY THING THAT WE SEE IN AFGHANISTAN IS THERE'S A CLEAN ZONE THAT WESTERNERS LIVE AND THE...
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| 00:32:11 |
Harleston, Robb - Host
THERE'S ENORMOUS CORRUPTION AND THIS HAS BEEN PART OF THE TENSION OF THE RELATIONSHIP BETWEEN THE UNITED STATES
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| 00:32:15 |
Flanagan, Stephen - Senior V.P. & Director
AND THE OTHER INTERNATIONAL COMMUNITY MEMBERS THAT HAVE BEEN SUPPORTING AFGHANISTAN HAVE BEEN URGING HIM TO TRY TO GET AT SOME OF THE CORRUPTION, SOME...
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| 00:34:13 |
Suominen, Kati - Transatlantic Fellow
ON MAKING SURE THAT THE ECONOMY IS PRODUCTIVE. MAKING SURE THAT THE WORK FORCE IS EDUCATED, PRODUCTIVE AND KEEPING WAGES RATHER LOW, VERY DISCIPLINED...
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| 00:35:24 |
Harleston, Robb - Host
ISN'T IT BEING COPIED BY OTHER COUNTRIES ESPECIALLY COUNTRIES LIKE FRANCE AND GREAT BRITAIN? GUEST: THAT'S ABSOLUTELY THE DEFINING QUESTION FOR EUROPE...
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| 00:35:39 |
Suominen, Kati - Transatlantic Fellow
AND COUNTRIES LIKE PORTUGAL, IRELAND, FRANCE THEY LAG BEHIND IN TERMS OF THE PRODUCTIVITY LEVELS BY VIRTUE OF THAT, THEY'RE MUCH LESS COMPETITIVE IN...
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| 00:37:06 |
Harleston, Robb - Host
WAS AN INTERNATIONAL TRADE ECONOMIST WITH THE INTERAMERICAN DEVELOPMENT BANK IN WASHINGTON. STEPHEN FLANAGAN OF CSIS BEFORE BEING THE DIRECTOR -- SORRY,...
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| 00:37:53 |
CALLER, -
THE CALLER FROM D.C. TALKING ABOUT WHO IS REAPING THE BENEFITS FROM THESE THINGS, WHY IS THE U.S. HAVING TO TAKE ON ALL THE DEBT IN AFGHANISTAN...
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| 00:38:49 |
Harleston, Robb - Host
UNDERFUNDED NOT SO
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| 00:38:50 |
Flanagan, Stephen - Senior V.P. & Director
MUCH THE AFGHAN WAR BUT THE WAR IN IRAQ AND MANY PEOPLE, YOU KNOW, WOULD SUGGEST THAT, WELL, WE MORTGAGED THAT TO THE CHINESE. I MEAN, A LOT OF HOLDING...
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| 00:40:56 |
Harleston, Robb - Host
YOU. I HAVE A QUESTION AND A COMMENT. HOST: OK. CALLER: MY COMMENT IS I DON'T DRAW NO
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| 00:41:03 |
CALLER, -
DISTINCTION BETWEEN FEDERAL
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| 00:41:05 |
Harleston, Robb - Host
AID OR GOVERNMENT
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| 00:41:07 |
CALLER, -
AID AND FEDERAL WASTE. WHENEVER WE'RE BAILING OUT THE BANKS IN EUROPE AND SITTING HERE GIVING MONEY AWAY TO COUNTRIES LIKE OBAMA DID THIS PAST WEEK....
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| 00:42:40 |
Harleston, Robb - Host
AFGHANISTAN OVER A 10 YEAR PERIOD. THAT GIVES
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| 00:42:42 |
Flanagan, Stephen - Senior V.P. & Director
YOU THE SENSE OF THE MAGNITUDE. IT'S NOT THAT VAST AS YOUR EARLIER CALLER HAD SUGGESTED. HOW YOU COULD TOTAL ALL THE EFFORTS. HOW DO YOU BUY INFLUENCE?...
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| 00:43:57 |
Harleston, Robb - Host
FOR HAVING ME THIS MORNING. I HOPE EVERYBODY IS DOING WELL. IT SEEMS LIKE A LOT OF ATTENTION IS BEING FOCUSED ON AFGHANISTAN THIS MORNING. I WANT TO...
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| 00:44:05 |
CALLER, -
AND GO TO ISRAEL AND THE MIDDLE EAST AS FAR AS WHERE YOU HEAR ABOUT JERUSALEM AND THE MAYOR OF JERUSALEM COMING ON TV SAYING HOW MUSLIMS AND CHRISTIANS...
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| 00:44:59 |
Harleston, Robb - Host
EAST PLAN AND THAT IS WHAT CHRIS ALLUDED A LOT OF WORLD
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| 00:45:02 |
Flanagan, Stephen - Senior V.P. & Director
LEADERS OVER THE LAST TWO DECADES. I MEAN, I THINK WE'RE TRYING TO CONTINUE TO SHOW AND CERTAINLY THERE WILL BE AN ISSUE THAT'S UNDER WAY. MANY PEOPLE...
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| 00:46:11 |
Harleston, Robb - Host
PUTS EUROPE ON EDGE. " AT 37 AND LOOKING NOT A BIT HIS AGE, HE'S ENJOYING THIS MOVEMENT. HE VAULTED TO PROMINENT WHEN HIS OBSCURE PARTY PLACED SECOND...
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| 00:48:35 |
Harleston, Robb - Host
WRITES EVEN AS EURO ZONE LUMBERS AWAY FROM CONTINENT WIDE RECESSION, SPAIN IS STUCK IN A FATEFUL HOLDING PATTERN. ACCORDING TO A FORECAST, SPAIN...
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| 00:49:22 |
Suominen, Kati - Transatlantic Fellow
AND THEIR FATE WOULD HAVE SIGNIFICANT REPERCUSSIONS ON THE EUROZONE MUCH GREATER THAN THE GREECE CRISIS HAS. SPAIN AND ITALY HAVE UNDERTAKEN PAINFUL...
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| 00:50:37 |
Harleston, Robb - Host
SPANISH BANKS HOLD A LOT OF SPANISH DEBT AND SO FORTH. OF
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| 00:50:42 |
Suominen, Kati - Transatlantic Fellow
COURSE, WE AS THE UNITED STATES ALSO HAVE SIGNIFICANT EXPOSURE IN EUROPE AND, YOU KNOW, THERE'S ABOUT A TRILLION DOLLARS THAT OUR BANKS HAVE EXPOSURE...
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| 00:51:22 |
Harleston, Robb - Host
JOURNAL. "CALLER: HOW ARE YOU DOING? HOST: GOOD. GO AHEAD. CALLER: I HAVE A COMMENT. MY COMMENT IS I THINK A LOT OF THE PROBLEMS THAT NO ONE IS ACTUALLY...
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| 00:51:31 |
Harleston, Robb - Host
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| 00:51:32 |
CALLER, -
REAL SOLUTIONS OR REAL PROBLEMS. I MEAN LIKE HERE IN AMERICA, ONE OF THE PROBLEMS IS WE TALK ABOUT ENERGY -- DRILL FOR MORE OIL. DRILL FOR MORE...
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| 00:52:21 |
Harleston, Robb - Host
GROWTH. OF COURSE, TRADE IS ALSO
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| 00:52:23 |
Suominen, Kati - Transatlantic Fellow
A POLITICAL ISSUE AND IT IS A POLITICAL ISSUE NOT ONLY HERE IN THE UNITED STATES BUT ALSO WITH OUR TRADING PARTNERS AND ALLIES. HOWEVER, THE PROGRESS...
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| 00:54:26 |
Harleston, Robb - Host
COMMENT FROM BOTH OF YOUR GUESTS. EARLIER IN THIS
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| 00:54:32 |
CALLER, -
SEGMENT, KATI SUGGESTED THAT EUROPEAN DEBT CRISIS WOULD HAVE OR INEVITABLY HAVE AN EFFECT ON OUR ELECTION HERE AND GIVEN THE FACT THAT OUR FOUNDING FATHERS...
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| 00:55:05 |
Harleston, Robb - Host
WITH EUROPE AND SO MUCH OF OUR OWN GROWTH IS LINKED TO EUROPE. WE CAN'T GET AWAY FROM
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| 00:55:08 |
GUEST, -
IT AND ENERGY MARKETS ARE GLOBAL. SO I MEAN, WE -- THE NOTION THAT WE CAN SOMEHOW AVOID FOREIGN TRADE OR ENGAGEMENT IN THE WORLD TO ENSURE A BETTER ECONOMIC...
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| 00:55:46 |
Harleston, Robb - Host
FRONT AS BEING A SOURCE OF
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| 00:55:50 |
Suominen, Kati - Transatlantic Fellow
GREAT UNBALANCE, FURTHER BROKE AND PROGRESS AROUND THE WORLD. TO BECOME FLUENT IN EMERGING MARKETS SO WE CANNOT UNDO GLOBALIZATION. WE'LL HAVE TO...
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| 00:56:28 |
Harleston, Robb - Host
THE G-8, THE WORLD ECONOMY AND GLOBAL SECURITY. THANK YOU BOTH. HOST: WE WANT TO UPDATE OUR LISTENERS AND VIEWERS WITH A STORY THAT HAS BEEN POSTED...
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| 00:56:40 |
Harleston, Robb - Host
POST. ABDELBASET ALI al-MEGRAHI IS DEAD. THE LOCKERBIE BOMBER DIES. REPORTS SUGGEST -- THE REUTERS NEWS AGENCY REPORTED THAT al-MEGRAHI DIED IN LIBYA...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.