On GPS this Sunday at 10am and 1pm EST: In light of Mitt Romney’s role at Bain Capital, we take a rare look inside the world of “private equity.” What is this industry? How does it make so much money? Is it really all about firing workers?
Fareed speaks to a pioneer of the industry: David Rubenstein of The Carlyle Group, the world’s biggest private equity firm.
Then, a panel discussion on the GOP, the economy, Iran, and more: Arianna Huffington, Mort Zuckerman, David Frum, and Steve Rattner.
Later, the most popular politician in the world’s most dangerous country: Pakistan’s former sports hero Imran Khan.
And how the Arab Spring countries are seeking inspiration and guidance from a surprising source: A former Communist state.
On Fareed Zakaria GPS this week, honing in on the economy. What America’s next president needs to do to create jobs; the state of the U.S. economy; the fate of the Euro Zone – economists Paul Krugman and Ken Rogoff face off in debate.
Next we hear from the man who says Iraq is on the brink of disaster: former Prime Minister Ayad Allawi.
And then a macro look back at the War in Iraq – was it worth it for the U.S.? Conservative thinker Max Boot debates Peter Galbraith.
All that, plus What in the World – why high oil prices seem to be breaking a basic rule of economics.
On Fareed Zakaria GPS this week: 1-on-1 with one of the men behind the Simpson-Bowles plan, Alan Simpson. The former Republican Senator from Wyoming examines the GOP presidential contenders, and what Washington needs to do about the deficit.
Later, a look at what President Obama’s plan for a leaner military means for America’s place in the world: analysts Michael O’Hanlon and Larry Korb are on the show.
And we have an expert panel deciphering the war of words between Iran and the West. Will it lead to something more serious? Vali Nasr, Bret Stephens, Hooman Majd, and Hillary Mann Leverett weigh in.
All that, plus What in the World: Why the Chinese this week found two-thirds of their favorite TV shows simply gone, for good.
On the first Global Public Square show of the year, we gaze into our crystal ball - what will happen in 2012?
And then, some of GPS' favorite guests on the spot:
Anne-Marie Slaughter of Princeton University, Ian Bremmer from the Eurasia Group, and Daniel Franklin from the Economist's "World in 2012" Edition look ahead at the next twelve months. Will the U.S. and/or Israel bomb Iran? What happens to Pakistan? How will the Arab Spring unfold? What of the euro's fate? And who will be the next President of the United States of America?
And looking far ahead into the future of science: Harvard theoretical physicist Lisa Randall talks about the God Particle and more.
Plus - deep inside the human mind, with Nobel Prize-winning economist Daniel Kahneman, author of Thinking, Fast and Slow.
All this Sunday at 10a.m. and 1p.m. on CNN.
On GPS this week at 10a.m. and 1p.m. EST on CNN, I sit down with Republican presidential candidate Jon Huntsman. In a long ranging discussion on domestic and foreign affairs, Huntsman lays out why he thinks he has the staying power to go all the way.
Next, I talk to Harvard academic Tarek Masoud, just back from Cairo, about the surprising rise of the hard-line Islamist Salafis.
Then, why is the outlook for America’s energy future surprisingly robust? I explore “fracking” and shale gas with one of the world’s top energy experts, Daniel Yergin.
Here's a transcribed excerpt of my conversation with Jon Huntsman: FULL POST
We've got a great show for you this Sunday: The future of Greece & the euro zone; what's next in Iran; Washington’s pivot towards Asia; and Pakistan’s “memogate.”
First, I talk to former Greek Prime Minister George Papandreou. Should Greece drop the euro? Can Germany do more? What happens next? A video excerpt of our talk is above.
Then, an all-star GPS panel on Pakistan, Iran and Obama’s new focus on Asia. We've got Anne-Marie Slaughter, Ian Bremmer, Gideon Rose, and Nile Gardiner for a wide-ranging discussion on the world.
And finally – the man behind Pakistan’s “memogate” scandal. How a Pakistani-American businessman brought relations between Washington and Islamabad to a new low. I speak to the man in the middle – Mansoor Ijaz.
Be sure to tune in Sunday at 10a.m. and 1p.m. ET.
On GPS this week, a truly global show: Guests on Israel and Iran, the Arab Spring, the Euro Zone crisis, and Fareed's take on China.
First, Fareed asks Israeli Defense Minister (and former Prime Minister) Ehud Barak whether Israel is planning a pre-emptive strike on Iran. Then, a political scientist who uses game theory to predict when a dictator will fall: A conversation with Bruce Bueno de Mesquita.
And finally, Fareed’s visit to London: He has a special panel discussion with three British thinkers: Former Foreign Minister David Miliband, the Financial Time's Chief Economics Commentator Martin Wolf, and the Editor of Prospect Magazine Bronwen Maddox. FULL POST
On Fareed Zakaria GPS this week, the focus is on Iran. The latest IAEA report makes the nuclear watchdog’s strongest claims yet that Tehran may be pursuing nuclear weapons technology. So how does Israel react, and what does America do? Bret Stephens is the former Editor of the Jerusalem Post and currently writes a foreign affairs columnist for the Wall Street Journal. He debates Iran expert Karim Sadjadpour.
Also on the show:
Mohamed El-Erian is one of the world’s most influential bond traders. He tells Fareed what Europe needs to do to fix its debt crisis.
Next, Jennifer Granholm. The former Governor of Michigan explains how her state went through what America is going through now: job losses. And she has lessons to share.
And finally, Fareed speaks to the Libyan who is credited with garnering international support for NATO’s intervention. Former Interim Prime Minister Mahmoud Jibril tells us what’s next for Tripoli.
Here is a list of all GPS shows to date:
|May 13, 2012||An unlikely defense of the 1%|
|May 6, 2012||World Bank Chief has his first exit interview|
|April 29, 2012||How corrupt is China?|
|April 22, 2012||France's elections, and Andrew Sullivan on being HIV positive|
|April 15, 2012||Gene Sperling and the search for Kony|
|April 8, 2012||Israeli Defense Minister, Ehud Barak, on Iran|
|April 1, 2012||Sex, politics and religion|
|March 25, 2012||The year of the election|
|March 18, 2012||George Clooney on the crisis in Sudan|
|March 11, 2012||Kissinger on the GOP, Putin and Iran|
|March 4, 2012||Will Israel strike Iran in 2012?|
|February 26, 2012||Brzezinski "embarrassed as an American" by GOP candidate|
|February 19, 2012||Martin Dempsey on Syria, Iran, and China|
|February 12, 2012||Putin's Columns; Syria Under Siege; Interview With George Soros|
|February 5, 2012||What does Romney really believe?|
|January 29, 2012||Interivew with Timothy Geithner|
|January 22, 2012||Post-Communist lessons for the new Middle East|
|January 15, 2012||Rogoff vs. Krugman, plus former Iraqi PM Allawi|
|January 8, 2012||GOP, military, Iran and China|
|January 1, 2011||2012 predictions|
|December 25, 2011||David McCullough, David Ignatius, Samoa's 364-Day Year, and Frank Gehry|
|December 18, 2011||Exclusive interview with Afghan President Hamid Karzai|
|December 12, 2011||Huntsman "tired of politics as show business"|
|December 5, 2011||Zakaria's interview with Papandreou|
|November 27, 2011||Walter Isaacson, James Dyson, and Michael Spence|
|November 20, 2011||Israel/Iran, the Arab Spring, the Eurozone crisis, and Fareed's take on China.|
|November 13, 2011||El-Erian and Jennifer Granholm on the economy|
|November 6, 2011||GPS Special: Fixing education|
|November 6, 2011||Pervez Musharraf on Pakistani nuclear weapons, plus Bill Gates and Arne Duncan on education|
|October 30, 2011||Will the euro survive?|
|October 23, 2011||Zakaria interviews Iranian President Ahmadinejad|
|October 16, 2011||Paul Krugman praises Occupy Wall Street, plus Prince Turki al- Faisal|
|October 8, 2011||Tom Friedman, Michael Lewis and Starbucks CEO on the U.S. economy|
|October 1, 2011||Calling out Pakistan’s dangerous game|
|September 25, 2011||GPS Special: Getting back to work|
|September 25, 2011||Turkey's prime minister on relations with Israel|
|September 18, 2011||Jeff Immelt and a Middle East roundtable|
|September 11, 2011||Donald Rumsfeld on 9/11|
|August 21, 2011||America's economy, al Qaeda's future and how not to be a spy|
|August 13, 2011||Krugman calls for space aliens to fix U.S. economy?|
|August 6, 2011||Arianna Huffington, Joe Klein on debt deal and more|
|July 31, 2011||IMF chief Christine Lagarde and GM CEO Dan Akerson|
|July 24, 2011||Anne-Marie Slaughter and Gideon Rose on Afghanistan and the Middle East, David McCullough on Obama, and Morocco's Foreign Minister|
|July 17, 2011||Larry Summers on the debt ceiling, Revolution 2.0 in Egypt and Lula’s legacy in Brazil|
|July 10, 2011||South Sudan, Africa's future, Libya and DSK|
|July 3, 2011||National Security Adviser Tom Donilon, and what’s behind the Arab Spring|
|June 26, 2011||Hamid Karzai, Greece and updating the U.S. Constitution|
|June 19, 2011||Restoring the American Dream – How to Innovate|
|June 12, 2011||Henry Kissinger, David Ignatius and a feisty panel|
|June 5, 2011||Muslim Brotherhood, jobs and innovation|
|May 29, 2011||Tom Friedman and Saudi Prince Al-Waleed|
|May 22, 2011||GPS from Cairo: Interview with Amr Moussa & Mohamad ElBaradei|
|May 15, 2011||Interview with Condoleezza Rice and Google Exec. Chairman Eric Schmidt|
|May 8, 2011||The Death of Osama bin Laden|
|May 1, 2011||Interview with Malcolm Gladwell|
|April 24, 2011||Interview with former Treasury Secretaries Robert Rubin and Paul O’Neill|
|April 17, 2011||Interview with Pepsi CEO Indra Nooyi|
|April 10, 2011||Interview with James Baker|
|April 03, 2011||Stalemate in Libya; Interview with Zbigniew Brzezinski; Interview with Noman Benotman|
|March 27, 2011||The New World Order; What's Next for the Middle East?|
|March 20, 2011||Japan’s recover and Pakistan’s descent into chaos|
|March 13, 2011||Disaster in Japan; What's Next in the Arab World; China's Mediterranean Cruise|
|March 06, 2011||Unrest in the Arab World; U.S. Budget Battles|
|February 27, 2011||Interview With Paul Wolfowitz; Interview With Michael Lewis|
|February 20, 2011||Interview with George Soros|
|February 13, 2011||Interview With Egypt's Ambassador to United States; Interview With Mohamed ElBaradei|
|February 06, 2011||Egypt's Opposition Leader ElBaradei Speaks; Interview with Egypt's Former Trade Minister|
|January 30, 2011||Unrest in Egypt|
|January 23, 2011||Interview With Henry Kissinger; Interview with Zbigniew Brzezinski|
|January 16, 2011||Interview With Lawrence Summers|
|January 09, 2011||Predictions for 2011; Interview With George Clooney|
|December 26, 2010||How to Lead|
|December 19, 2010||Interview with George Osborne; Interview With Gordon Brown; Remembering Richard Holbrooke|
|December 12, 2010||Obama's Tax Cut Compromise; Interview With Ehud Barak|
|December 05, 2010||Panel Discusses WikiLeaks Revelations; Interview With Bill Maher|
|November 28, 2010||Thanksgiving Today; Interview with Admiral Mullen; 'Where in the World' Have Your E-mails Been?|
|November 21, 2010||Digging the U.S. Out of Debt; Mohammad Larijani Defending Iran's Record on Human Rights; General Motors Back From the Brink|
|November 14, 2010||Interview With George Shultz|
|November 07, 2010||The Third Republican Revolution; Midterm Elections Aftermath; The Disputed Kuril Islands|
|October 30, 2010||Restoring the American Dream|
|October 24, 2010||Is U.S. Economy Recovering?; Interview With Richard Holbrooke|
|October 17, 2010||Interview With Peter Diamond; Interview with Ayad Allawi|
|October 10, 2010||Afghan Government in Talks With Taliban; Interview with Steve Rattner|
|October 03, 2010||Interview With Wen Jiabao|
|September 26, 2010||Interview With Shimon Peres; Interview With Abdullah Gul|
|September 19, 2010||Interview With Ex-Terrorist; Is Cuban Revolution Over?|
|September 12, 2010||Nine Years After 9/11: Are We Safer?; Drawdown in Iraq|
|September 05, 2010||Real-Life Russian Nightmare; A Voice of Radical Islam; Interview with China's Zhang Xin; Golf in Kabul's War Zone|
|August 29, 2010||China Emerges as Next Superpower?; Is Web Dead?|
|August 22, 2010||Controversy Near Ground Zero; Peril in Pakistan|
|August 15, 2010||Money Troubles: How to Kick-Start the Economy; Wild Weather Evidence of Global Warming?|
|August 08, 2010||Interview With Robert Rubin, Paul O'Neill; Interview with Hamid Gul|
|August 01, 2010||Interview With John Kerry; Interview With Husain Haqqani|
|July 25, 2010||Obama's Afghan Plan|
|July 18, 2010||Is Somalia Becoming Staging Ground for Al Qaeda?; British Take on Budget Deficits, War on Afghanistan|
|July 11, 2010||Britain Bipartisan and U.S. Partisan?; A New Money Man in Britain; A Voice of Radical Islam|
|July 04, 2010||Interview with Paul Krugman; Interview With Niall Ferguson|
|June 27, 2010||State of Afghan War; Israeli-Palestinian Conflicts|
|June 20, 2010||Interview with Dr. Abdullah Abdullah; Interview with Zhang Xin|
|June 13, 2010||Interview With Paul Wolfowitz; Interview With Danny Ayalon; Aftermath of Unrest in Iran|
|June 06, 2010||Interview With Tony Blair; Interview With Turkish Foreign Minister|
|May 30, 2010||Interview With Bill Gates|
|May 23, 2010||Is Russia a Reliable Partner?; Interview With President Saakashvili|
|May 16, 2010||A New Day in Britain; Greece on the Brink; Remembering Sergio Vieira de Mello|
|May 09, 2010||Europe's Role in Greek Tragedy; U.K. Elections, Terror Attempt in Times Square|
|May 02, 2010||Interview With Lloyd Blankfein|
|April 25, 2010||Interview With Treasury Secretary Timothy Geithner; Did Goldman Sachs Break the Law?|
|April 18, 2010||Interview with Polish Foreign Minister Radek Sikorski; Israeli- Palestinian Conflict Examined|
|April 11, 2010||Interview With Peter Galbraith; Panel Discusses Domestic, International Politics|
|April 04, 2010||Interview With Thomas Friedman; Interview With Andrew Sullivan; Interview With Shah Rukh Khan|
|March 28, 2010||Interview With Pres. Felipe Calderon of Mexico; Discussion About the U.S. Economy|
|March 21, 2010||Crisis in U.S.-Israeli Relations|
|March 14, 2010||Interview With Richard Holbrooke|
|March 07, 2010||Interview With General Petraeus; Interview With Ayad Allawi|
|February 28, 2010||Soros: Economic Crisis Means End of Reagan Economic Philosophy; Greek Crisis Threatens European Monetary Union|
|February 21, 2010||Interview With James Baker; Interview With Abubaker al-Qirbi|
|February 14, 2010||Interview With Paul Volcker|
|February 07, 2010||Interview with King Abdullah II of Jordan; Interview With John Yoo|
|January 31, 2010||Interview With Larry Summers; Interview With Manouchehr Mottaki|
|January 24, 2010||Crisis in Haiti; Barack Obama: Year One|
|January 17, 2010||Tragedy in Haiti|
|January 10, 2010||Interview With Admiral Mullen|
|January 03, 2010||Panel Discusses President Obama's First Year in Office; Interview With Military Expert Tom Ricks|
|December 27, 2009||Interview With Dmitry Medvedev; Interview With Malcolm Gladwell|
|December 20, 2009||Solving Global Warming with Nathan Myhrvold|
|December 13, 2009||Global Warming Debate; Panel on Obama's Nobel Prize, Dubai's Economy|
|December 06, 2009||Interview With Richard Holbrooke; Interview With Thomas Friedman|
|November 29, 2009||Interview with 'Newsweek' Reporter Maziar Bahari; Interview With Google CEO Eric Schmidt|
|November 22, 2009||Interview With Maziar Bahari; Interview With Manmohan Singh|
|November 15, 2009||Voices Of The Mumbai Terror Siege: Police Taped Chilling Phone Conversations Between Suicide Terrorists And Their Pakistani Handlers|
|November 08, 2009||Assessment of Obama's First Year in Office; Interview With Pervez Musharraf|
|November 01, 2009||Interview With Matthew Hoh; Afghanistan-Pakistan Examined|
|October 25, 2009||Interview With Hamid Karzai; Interview With Shashi Tharoor|
|October 18, 2009||Afghanistan: The Battle at Wanat; Taliban Use of the Web; U.S. Economic Recovery; Global Economic Recovery; India-Pakistan Relations|
|October 11, 2009||Interview With Pakistani Ambassador to U.S.; Should Obama Send Moore Troops to Afghanistan?|
|October 04, 2009||Fareed's Take on Iran; Panel on the Iranian Situation; Questions on the UN Gaza Investigation|
|Below this point we only have transcripts available currently. Check back in a few days for the video as well.|
|September 27, 2009||Interview With Moammar Gadhafi|
|September 20, 2009||Interview With Russian President Dmitry Medvedev|
|September 13, 2009||Analyzing Afghanistan; Global Competitiveness Report|
|September 06, 2009||Interviews with Robert Gates, Eliot Spitzer & the Dalai Lama Himself|
|August 30, 2009||Interview with James Baker, Bernard-Henri Levy, Fawaz Gerges, Christopher Hitchens|
|August 23, 2009||Interviews With Wen Jiabao, Malcolm Gladwell|
|August 16, 2009||Interview With Israeli Ambassador to United States|
|August 09, 2009||Interview With Hillary Clinton|
|August 02, 2009||Upcoming Presidential Election in Afghanistan; Signs of Economic Recovery?|
|July 26, 2009||Iran's Power Struggle; Iranian Election Fallout; French Economy and Reforms|
|July 19, 2009||A Conversation with President Paul Kagame of Rwanda|
|July 12, 2009||Economy in Crisis; Obama's Trip to Russia|
|July 05, 2009||Interview With David Miliband|
|June 28, 2009||Interview with Tony Blair; Debate on Economics|
|June 21, 2009||Fallout from Iranian Elections, Protests; Role of Technology in Iran Protests; U.S.-Iranian Relations|
|June 14, 2009||Scandal in the Iranian Elections?; CNN Celebrates the One-Year Anniversary of GPS|
|June 07, 2009||Obama's Cairo Speech and Muslim Reaction; Global Economic Crisis|
|May 31, 2009||North Korea's Nuclear Test; Diplomacy With Rivals|
|May 24, 2009||India Holds Elections; Latest on Israeli-Palestinian Peace Process|
|May 17, 2009||Interview With Pervez Musharraf|
|May 10, 2009||Interview With the Dalai Lama; Crisis in Pakistan|
|May 03, 2009||Interview With Robert Gates|
|April 26, 2009||Is Obama a Polarizing President?; Interview With Author Malcolm Gladwell|
|April 19, 2009||Interview With Hamid Karzai; Interview With Richard Holbrooke|
|April 12, 2009||Interview with Syrian Ambassador Imad Moustapha; Is Success Linked to Talent?|
|April 05, 2009||Obama Travels to Europe; Interview with James Baker|
|March 29, 2009||Interview With President of Brazil|
|March 22, 2009||Interview With Eliot Spitzer; AIG Bonuses Spark Outrage|
|March 15, 2009||Interview With Charles Freeman; Examination of U.S. Support for Israel|
|March 08, 2009||Interview With Gamal Mubarak|
|March 01, 2009||Pakistani Government Achieves Truce With Taliban|
|February 22, 2009||Interview with Pakistani Politician Imran Khan; How Bad Will the U.S. Economic Slump Get?|
|February 15, 2009||Interview With Afghan President Hamid Karzai; A Look at Israeli Elections|
|February 08, 2009||Iraq Holds Elections; Davos Recap|
|February 01, 2009||Interview With Felipe Calderon; Interview With Gordon Brown|
|January 25, 2009||What Will Obama's Afghanistan Policy Be?|
|January 18, 2009||What Will Obama Say in Inaugural Address?; Obama's Plan for U.S. Economy|
|January 11, 2009||Crisis in Gaza|
|January 04, 2009||War in Gaza: IDF Begins Ground Incursion|
|December 28, 2008||Obama's Foreign Policy Examined|
|December 21, 2008||Interview With Zalmay Khalilzad; Panel Discusses Global Economy|
|December 14, 2008||Colin Powell Interview|
|December 07, 2008||Mexican Crisis; India Terror Attacks|
|November 30, 2008||Interview With Ratan Tata; Interview With Henry Kissinger|
|November 23, 2008||Interview With Al Gore; Interview With Thomas Friedman|
|November 16, 2008||Discussing Obama's Priorities; Shirin Ebadi Interview|
|November 09, 2008||Possible Impact of Obama's Presidency|
|November 02, 2008||Interviews With Michael Bloomberg, Madeleine Albright|
|October 26, 2008||Is American Capitalism Dead?|
|October 19, 2008||Interviews With Paul Krugman, Queen Rania|
|October 12, 2008||Economic Crisis Becoming Psychological Problem; Explaining the Crisis; George Soros Interview|
|October 05, 2008||Bill Gates Interview; Third World Development; Solving the Economic Crisis|
|September 28, 2008||Meeting with World Leaders at the United Nations|
|September 21, 2008||Financial Markets Meltdown; Interview With Lee Kuan Yew|
|September 14, 2008||Tom Friedman Interview; Discussing Israel, Iran and Russia|
|September 07, 2008||Foreign Perspectives on U.S. Presidential Election; Events in War on Terror Zones|
|August 31, 2008||Discussing the Russia-Georgia Conflict|
|August 24, 2008||Replay of Barack Obama Interview; Discussion of Obama's European Trip|
|August 17, 2008||Russia's Power Play|
|August 10, 2008||Musharraf and Pakistan; Understanding China; Remembering Solzhenitsyn|
|August 03, 2008||Discussion of World Affairs|
|July 27, 2008||Reviewing Obama's Overseas Trip|
|July 20, 2008||Sudanese UN Ambassador Interviewed; Israel and the Next American President; Discussing World Affairs|
|July 13, 2008||Obama Interviewed; Economic Situation; U.S. Infrastructure Woes|
|July 06, 2008||Interview with Iranian Foreign Minister Manouchehr Mottaki|
|June 29, 2008||Chaos in Zimbabwe; Crisis in British Politics; What Would Churchill Do?|
|June 22, 2008||Condoleezza Rice Interview; Panel Discusses the Interview|
|June 15, 2008||State of the War in Iraq; The Economic Realities of Global Warming; Pro-America in South Korea; Ronald Reagan and Appeasement Charges|
|June 08, 2008||Henry Kissinger Interview; Is Barack Obama Pro-Isreal Enough for Jewish Voters?|
|June 01, 2008||Global Public Square|
|April 29, 2012||How corrupt is China?|
On Fareed Zakaria GPS this Sunday, new and deeply worrying concerns about the safety of Pakistan’s nuclear weapons. An explosive article in the Atlantic makes the case that Pakistan is moving about its nuclear materials in unsecured vans to prevent Washington from swooping on them, a-la the Osama bin Laden raid. But in doing so, those nukes are now more vulnerable to terrorists. Fareed Zakaria gets the story from the Atlantic’s Jeffrey Goldberg.
What is Pakistan’s response? As the former President and Army Chief for nearly a decade, Pervez Musharraf is uniquely placed to shed light on these allegations.
All that, plus interviews with billionaire Bill Gates and Education Secretary Arne Duncan on how to fix America’s education system.
On Fareed Zakaria GPS this Sunday, a fiery, must-see debate on the economy. Harvard’s Niall Ferguson locks horns with Columbia’s Jeff Sachs on Occupy Wall Street, the macro-economy and the first signs of good news from Europe.
Also this week: Fareed’s thoughts on his recent trip to Tehran – why President Obama has the wrong policy toward Iran. And, French philosopher Bernard Henri-Levy on a post-Gadhafi Libya, followed by Moneyball author Michael Lewis on what business can learn from… baseball.
The show airs Sunday at 10a and 1pET.
Jeff Sachs on the euro deal (video above)
Jeffrey Sachs: I think the euro is going to survive. And I think they took steps forward. And I think that they're going to let the euro fall down. So the divisions between Northern Europe and Southern Europe are real and serious. And I think they could be doing better than dancing at the edge, which is where they've been operating for more than two years. But they made progress this time around and there still, in fact, are a lot of details to be worked out in this agreement.
I do think that it shows that each time, when push comes to shove, they do step forward and they do get their act together to preserve the common currency. FULL POST