Fox News
Expand
Browse All Video
Watch Live

You're watching...

Will Greek problems lead to breakup of Eurozone?

Details

  • Description

    Stephen Hadley on how this could impact the US

  • Duration 11:23
  • Date

Clips

Also in this playlist...

DEFCON 3 by KT

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

And -- gonna turn to Washington DC where firmer I get my good friend Stephen Hadley.

So -- the national security director national security advisor.

For President Bush is joining us for the first time so welcome Stephen and it's great to see -- and -- camera.

Nice to be here -- I'll ask you about the upcoming NATO summit and what we're -- about Greg Burke.

And where their grief is -- it wasn't what's going Greece going to do in the year.

In union in the.

NATO sound -- -- is somehow kicked out of Europe what does that mean.

Well there of course two meetings that are back to back coming up this weekend the first is the G-8 meeting in Washington.

At Camp David and then the NATO summit in Chicago.

I guess is -- Greece will be more a subject of the G-8 meeting.

And there will be a lot of concerns about.

We there Europe and of course this will be.

The new.

French president's first meeting he just yesterday had his first meeting went on to a Merkel.

So there are still and establishing a relationship between themselves.

President along who's the new French president will meet President Obama I think really for the first time on Friday.

Friday morning so I think the G-8 is gonna be.

I kind of a tentative discussion.

They're gonna -- the other G-8 members are gonna want to hear from.

The new French president Angela Merkel -- we air Europe is heading and how they're gonna handle this latest chapter of the Greek saga.

The issue I think at the NATO summit in Chicago is going to be heavily on charting the way forward.

In terms Afghanistan.

What is it mean to have a commitment.

In 2014 but to have a training mission and political and economic support.

In Afghanistan.

Post 2014 as you know the US has signed.

A a partnership agreement with Afghanistan pledging support for the next ten years.

What is NATO -- they do in parallel with that that will probably be one of the most important issues on the -- in Chicago with the NATO summit.

We go -- to -- to the G-8 summit that's going to happen in Washington this weekend.

I've got assume that all the leaders of those countries around the table are going to be looking at Hollander France the new president of France.

Defeated Sarkozy of -- -- was a strong ally President Obama a strong supporter of the US involvement in French involvement.

In Afghanistan.

In the Libya war and then austerity for their own.

French budget situation in their own government everybody that -- got to look around and say she.

Which direction am -- going to go and am I gonna continue where in the past that we've been going -- the same thing happened to me that happened this are causing.

How do you think that the other European leaders are going to react to what they've just seen in the French elections.

Well obviously the austerity is a bitter pill now on the other hand the German government chancellor Merkel is adamant.

And with some of the other north -- countries.

That that austerity package the -- signed up to.

Cannot be it might be adjusted that it cannot be whole thrown over.

I think what you're seeing in the press now as a suggestion there might be a supplementary.

Packed.

A growth pact and the question would be what would be in that -- I think.

President -- on the eve of a France will want to have pump priming in terms of government expenditures that that of course -- increases the deficit which is what the austerity -- is trying -- to cut back on.

The other is structural economic reforms freeing up the labor market.

Making it easier for people to do business so that the private sector can come in and stimulate new jobs in new growth so my guess is the discussion will be.

How does defend the austerity program and the budget cuts but how -- also craft a companion.

Strategy for growth.

You know prime mister Monte and Italy when he took office gave an interesting speech he said we need to do three things.

We need to cut our budget deficits we need to get economic growth and we need to do it with a -- towards equity.

That's not a bad framework I think for what these leaders need to that charge is a court as as it as a way forward here in the months ahead.

I've seen in that one of the advantages of this.

Format is that we have people watching the show on their computers are on their cellphones they're seeing any question you -- they're shooting me questions for -- -- When we talk about this is a question from Ron.

And what if Greece is to get kicked out or drops out or somehow leaves the European Union.

What does that mean for Russia and after all -- is not going to be at that table.

This weekend when the G-8 meets in Camp David this is Russia encouraged by this or -- Russia -- missile.

Question well it's a good question and in terms of you know and geopolitics.

You know the Russians are are watching all of this.

And I think the question and geo politically for the Russians is.

EU going to be able to solve this problem and pull together and be a you know a substantial.

Actor in the world or is the EU that'd be sidelined a bit.

Economically you know their -- and not -- economists who can answer this question much better than nine.

But of course Russia is very much dependent upon the European market.

And they I think in the end of the day would like a European market to be healthy.

And probably -- would not like to see the EU go through the enormous pain.

That would occur if they had to kick Greece out of the Euro zone and it -- result -- and some other adjustments on the Euro zone so the truth is.

Everybody has an interest in the EU finding a way through this fiscal crisis this crisis with the -- And but that is of course the question how's the right way to do it they've been added for about two years and still have not yet gotten the the secret formula.

Okay why agrees maybe Jimmy you're paying union -- today maybe -- tomorrow but the one country that has not been invited into the European Union.

Is Turkey -- Turkey is in the NATO alliance.

But it is not in the European Union.

You just a major study on Turkey and a potentially US relations with Turkey what do you conclude Turkey the rising power.

Well we we conclude in a study that Madeleine Albright and I did with a panel of experts about twenty experts.

That it is a new Turkey it's a very different Turkey than it was ten years ago it is more democratic it is much more prosperous.

And is a much more assertive.

And has a bigger role to play in the international community.

This requires a new relationship between Turkey and the United States that takes that to look into account.

At the same time Turkey needs to address some questions have been raised about its commitment to democracy because of its.

And jailing of news.

Number of reporters and the like.

But you know Turkey.

Is -- -- real economic success story at the same time the EU has been -- foundering a bit.

The question is economically.

Fed to Turkey joining the EU or should be huge -- Turkey because Turkey is to thank a lot better.

But I think in our study concludes.

One it is very important we continue to press for it.

Turkey's entry into the EU.

Secondly.

Even as we do that the United States should strengthen its own economic and business ties with Turkey it's a real under developed area.

For improving US Turkish relations.

And three that the EU itself while it continues to continue accession as accession as as the hopefully.

An option for Turkey they need to be.

Building up their ties and relationships with Turkey because Turkey as a unique -- and sent to Central Asia.

And you -- -- in the Middle East and can be a good partner for both the United States.

And Europe in dealing with the challenges in the Arab world today.

-- -- does take that a staffer of the challenges in the Arab world.

Turkey is right now on the Syrian border Turkey was a country that present about -- at least initially looked -- -- others as as the nearby neighbor that might be able to.

Use its position and its new growth and its new economic prowess in the region to pressure.

The aside government of Syria but to -- have a better resolution of the Syrian situation and we seem to have today has Turkey's stepped up to that -- -- Well they tried it and I think they've they've made some adjustments today I think.

Tried to use their leverage both through the Iranians to try to help resolve the nuclear issue in with the Syrians.

To try to get Bashar Assad.

Two stop this assault on the Syrian people that is killed thousands.

And they failed in both instances and what you've seen in the last year is Turkey making -- taking a much tougher.

Attitude towards both Iran and Syria and particularly Syria.

And it's policy I think is much more in tune with -- indeed I think in some sense Turkey may be a little bit of -- head of -- In terms of wanting to perhaps arm.

The opposition in Syria and put more pressure on Assad to set step down.

I think the truth is for but for Turkey to have an effective policy in Syria and for the United States to have an impact effective policy -- -- in Syria.

The United States and Turkey are -- to need to work together I would hope they would do so.

I would hope we would see them working to arm.

Those elements of the opposition that support the Syrian national council that support a cross sectarian inclusive.

At outcome four Turkey.

And I think we need to start thinking about in planning for some kind of intervention I don't know what that would look like.

But I think we need to have that on the shelf it will take time to do the planning for that it'll take time to arrange the diplomacy.

And the prospect that we're doing that may actually.

Cause the army.

And the military.

The business community and the minority groups who are the pillars of support for the Assad regime.

Actually -- and say to themselves you know maybe the time has come.

To get rid of this guy and to -- -- work out a role in the new Syria's post Assad Syria.

And that I hope is the message that this Syrian national council will send to those groups break with a side and there's a role for you in the new Syria.

OK with David have a right.

President Bush's national security advisor former colleague of mine when we both work with Henry Kissinger.

In the Nixon and Ford administrations and I've got to say you have doctor have your name that keeps popping up on the short list of another.

-- administration the next administration may be considering you to be secretary of state so thank you so much for joining us and giving a preview of what that might be.

Nice to be -- -- -- -- our match thanks so.

Load More