Euros are flowing into new infrastructure away lines harbors streets bridges and tunnels in 65 Different Countries its a project the likes of which the world has never seen. Its a powerful vision and for many an inspiring one. For some it represents opportunity for others misery. China is reaching toward the west along the new silk road we retraced 2 of these routes traveling from china to germany from the city of shenzhen to the city of to spork. We travel thousands of kilometers overland to central asia. And resale to thousands of kilometers across the oceans of Southeast Asia following the major overseas trade routes. We have traveled great distances but europe. Its still far away. And we retrace the route of the caravans heading West Crossing remote passes in the t. On shon mountains. Its a journey into the past along the ancient silk road. A route that today is marked by hope and opportunity and by burdensome debts and dependence on china. The route followed by the ancient traders
A mediations so theyre introduced because they look like bills they look like they look like money and so i believe that may result in to use them and thats actually what they mean for the proposer stock sure yagi they mean no reason to introduce them is that in this way people get used to seeing pieces of paper that look like money buy and not curious so theres no intention of leaving the euro on abutting you had to leave that you are this would be people be already used to seeing pieces of paper that are not curable that can be used for payments. To be clear the country that you were Prime Minister of for a few days back then theyre about to be disciplined by the European Commission over over violating the debt to g. D. P. Ratios how would bought help the Italian Government in being. Able to finance the economy and maybe escape what many believe is a kind of European Union straitjacket it will be no oil demeaning bought our debt like any other form of debt so issue printing them does
T. W. Chinas legendary silk road was one of the wonders of the ancient world now this trade route is being brought back to life of the new silk road is a vast undertaking and a demonstration of power and might. Hundreds of billions of euros are flowing into new infrastructure radway lines harbors streets bridges and tunnels in 65 Different Countries its a project the likes of which the welt has never seen. Its a powerful vision and for many an inspiring one. For some it represents opportunity for others misery. China is reaching toward the west along the new. Krug we retraced 2 of these routes traveling from china to germany from the city of shenzhen to the city of 2 spoke. We traveled thousands of kilometers overland to central asia. And resale to thousands of kilometers across the oceans of Southeast Asia following the major overseas trade routes. We have traveled great distances but europe is still far away. And we retrace the route of the caravans heading West Crossing remote passe
Is now what is warranted a european wide refusal to abide by i. M. F. And e. U. Economic straight jackets and will the outcome be profound geo political realignments that impact not only on the future of the e. U. But global responses to events as far afield as Venezuela Iran and hong kong because despite attacks on european nations like britain and italy from washington deals are being done to the consternation of the usas military Industrial Media complex is the arguable horror and bloomberg take on a visit from chinese leader xi jinping to room why is this such a worrying potential agreement for the u. S. And particularly for european allies its the new silk road on the symbolism i was speaking to a u. S. Official and they were saying its the symbolism of its any signing up a major country. 7 country to do so far. Hearing for a role in belton road which is felt in washington that opens up. The silk road to to the heart of europe well joining me now from washington is easily former P
This hearing will come to order. Apologies for beginning a little bit late. We have another vote at about 5 30. I want to thank the four individuals or Witnesses Today for being with us. And i would like to thank as well my friend, senator johnson, for his cooperation and support in moving forward with this hearing. A lot going on of historic magnitude before the United States senate. But the issue before us today is truly of the store consequence in president ial and practical import. The issue is in fact whether four companies sitting here today, represented by very able leadership except their obligation to respond to congressional subpoenas. The apparent refusal to do so in full is not only unprecedented, but it threatens opening a door to other u. S. Companies cloaking themselves from scrutiny whenever they work for a Foreign Government, or even a foreign state owned enterprise. This potential shield invoked by these four consultants risks blocking not only the subcommittee, but a