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That -- I have to ask you about if you don't want the debt crisis in Europe when you're prime minister you chose not to move.
The UK to the your editing of -- somehow -- -- get -- right now and then how concerned are you about the debt crisis in Europe.
What we're near the point with the UK economy.
It is that economics rule was different because -- economy moved in a different cycle -- -- The mainstream economies of Europe.
But it it is a very difficult situation it's a battle if you like -- -- between the politics and the arithmetic.
But -- lose their arithmetic it's very tough.
And the political will to hold together in Europe is very very strong and it's in everybody's interest.
The Europeans and that includes the UK for these purposes even -- outside the Europe.
The Americans it's in everybody's interest that the single currency holds and the political will to hold.
He's very very strong enough it will be difficult decisions on the popular European governments but I think the -- -- that -- take -- decision.
What you know this morning -- we've gotten is that Iran is selling 45 billion euros they're moving to dollars and moving the goal I mean I have to ask you in this climate.
And we do you think that the world is somehow going broke do you think that the world is broke.
No -- people what what is happening.
These boots off the financial crisis -- the knock on effects.
The race and an unraveling of debt that has happened and not have to happen.
For consumers and businesses.
For the banking sector of course and -- governments but.
Some of what has happened in Europe simply exposes the need to reform that was -- -- -- that in any event.
So you know I -- society's changed -- our economies change.
As that the ball but they bought countries changes with the the population aging.
-- -- inevitable reforms and public services and welfare and pensions.
-- these reforms will have to take place.
Now I personally believe that the political will is that India and to make these changes.
And what we've got -- hope is that it.
If the Willis is some of that those changes are.
And begin to take place then that that stabilizes the economic situation -- confidence the people not just in Europe but outside of Europe.
And that our economies will move forward and then of course.
This is an independent well we depend on your economic news we depend on the news from China from from elsewhere in the emerging markets.
Well I have to -- picking -- the world and speaking of business.
Well we're not that the capitalist billionaire and I'll post flood.
Ask you to join coastal ventures and senior vice and I hazing is potential billions of dollars in profits in clean tech.
Another news brought you on that -- helped facilitate that.
What specific types of technologies.
Are you interested energy plan to bring in the coastline.
-- -- technology expert Nora -- financial expert I should hasten to say I mean but that it is an extraordinary.
Guy uses someone.
All of admittance ingenuity creativity and and so the -- successful business.
But at the same time I think what interest -- updates is that I think the only solution.
Full clean energy.
-- to encourage the private sector.
-- to create that the science and technology of the future that will allow us to consume but consume -- -- different and clean way.
I'm the only way we get to a low carbon future for the the world economy that might -- American all the UK economy.
Basically developing this business is that the future I think there's this great business potential in it but it's also amazing and exciting thing to to to people that says.
And I think what we.
Is both the global framework which encourages its incentive prize to develop this technology and then we need the ingenuity the creativity that.
The technical and financial innovation of people like that.
You know I have to say -- -- your Jerusalem which -- the technology.
Maybe one of the technology capitals of the world we were there we found that they are developing amazing.
Technologies in and life sciences military.
Do you do you still work with some of the Israeli companies you go there for -- -- your relationship that up there.
Are you just gonna focus here your energy on Silicon Valley for things.
That the relationships I have here in Israel Palestine and nothing to do with with.
And the other parts of some business relationships and so -- but actually you'll completely right and say -- what's happening in Israel is very interesting in the technology center.
-- one of the things that the Palestinian conference is highlight -- all the possibilities.
In the Palestinian information technology sector one of the things I -- involved in recently was actually promoting joint working between Israelis and Palestinians.
On information technology -- -- And -- that the risen an enormous amount of creativity in this part of the world and on one of the things that is so frustrating about.
All the challenges and difficulties of the peace process.
Is that actually the private sector relationships between Palestinians and Israelis I've just been launching.
Some in respect tourism for example here that's private sector relationships.
Are actually in many instances pretty good.
And I and that if we had he could get the politics working back there's an enormous amount the private sector could do hit promote peace.
You certainly are an amazing place right now and so much is changing there and we'll certainly welcome and thank you for your time -- -- -- that the former British prime minister.
Tony Blair -- -- her very much for spending time with us.
Thank you --
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