welcome back to join us you're watching r.t.m. marina joshie of these are the top stories of the week tensions at the u.n. general assembly reach fever pitch as iranian president mahmoud ahmadinejad riles u.s. officials was noisy rhetoric many protested his attendance and president obama called his remarks offensive. the recent success of n.t. with gratian political parties in europe is turning heads raising fears of growing nationalism across the continent as our guys in the struggle for axis to the region's vast resources heats up prompting russia to call for war cooperation for

that reason the arctic nations gathered a mosque in this week in an attempt to avoid clashes. well that start is laura emma talks to professor william handle a currency expert who believes the greek bailout is illegal. i'm in berlin with professor vilhelm hankel who is one of a group of currency experts who filed a suit with the constitutional court in germany against the greek bailout professor hackles that's very much for talking to r.t. now tell me about the complaint that you've launched with the caught so your whole idea. is illegal because we have twenty four. p. in community beitar is completely forbidden for a very simple reason a country which can count to be bailed out will not follow the financial model.

so all know it's a precondition for a stable you're. having now suspended you have to feel so you'll never be in trouble. because they're for to replace all the one. cases are popular. maybe italy or france so this is a real fear. it's going. to get. very very. inflated and so there's a reason we started this complaint treaty must be fulfilled. so you maintain that under the terms of that a bailout is actually illegal what outcome do you hope for if secord is sharing.

in german participation on since all the action. be stopped and i think we are coming back to. stability probably. freighting over a. maybe greek is forced to opt out and why not because the country is not very happy to see the weak can't we can't do is to weak economy cannot share. monetary crap having hard towards for stability and hard currency and what effect do you foresee for the rest of the year in saying if countries like greece and spain and possibly italy were forced to pull out. too soon or a possible one. smaller but a harder monetary union not because sixteen or seventeen members but only was

ten or eight but. follows that all of this would be an option. to your whole experiment of. union in my view which was not the union but concubinage sixteen sixteen countries shared one cover which is a nonsense political as well as in economic terms so if this experiment bill be stopped there would go to come back to a national currency so germany to it's a dodge mark and why not the choice mark there wasn't a particularly strong currency was it in the in the ten or twenty years leading up to the euro how do you think they would have performed during the financial crisis i think in case our congress are coming back to national currency and german it was dark smart send we would have a clear cut split in your between countries depreciating and appreciating and

germany pricing given surpluses and from the current we've grown to appreciate you saying that the shaping of currency is not the damage but it is a real want to travel the country you get more real goods for your money so we would have. lower interest rate and better performance in the whole economy bitch we had before your point if the euro did collapse and the year is broke apart surely there would be a period of huge instability in countries like germany and throughout the year i say. it's a moment all countries have problems with your because you will give him credit which is not worthwhile for source countries in a year or so on all accomplished even big deficit countries countries with high inflation rate. capability to get credit this is the reason reagan's hours are all

over inflated. so after such an experiment every country could come back to speed with this we can. get back to the truth every week. has been appreciated and diminish made. exports to our places but being more prosperity in the home markets so each country of see you and will fight against this national crisis of his national means and overcomes a crisis so it's a much better concept to master financial and real economic crisis some economists say that europe will emerge from this sovereign debt crisis in better shape than it ever was before what do you say to that it's a moment your whole is subsidized currency so it

is a v. currency but it is subsidized by a high inflationary intervention of say your central european central bank which is the beginning of inflation period for your and inflation for you means weak if not. junk currency which is intolerable. so since thousand years of monetary story all countries running into if it's like our it's now. source. crisis why are monetary. revalidation and people other racial from an exchange rate. in order to overcome a crisis and we need to see. optimistic after. opting out of the deficit countries forms a union or breaking down the union we will get after

a short short period of. let's see. into. problems a very long time stability for you what about the consequences of a year a collapse outside the euro zone i'm thinking about its effect on the world financial markets some say that it will be cataclysmic much like the collapse of lehman brothers was what do you think i think the better off for for ten or so and then. in the markets so markets need. items so you need. to protect them perhaps improper you will it makes a case would be a moment of turmoil but only send markets can come for you to be

stable currency is stable in first date. come back to the not merely. something. but important was much more important for the markets to sound most of economies and economies need. in order to perform. and. see collapse of. a. real real positive effect on the economies involved into your source countries keep on joining the euro zone on the first of january estonia will become and then what's the effect on the union of having these more diverse economies being part of the problem. look monetary union we have lessons from history can function only a limited period if you have no tomorrow on three external markets and it can

function only among countries having to seem stable conditions so i would say is a contrary smaller union it's a more cynical way to it's a chance for stability before they had to formalized you or you when we had an informal monetary union in your ballance a dutch mark was no contract with no property. or luxembourg but a sure exchange rate between all sorts of. stable stable not five by elaine shipments and complex but because the markets fit together they had to very dense intel ation between the economies and we need to have people from different countries so our monetary union is good flecked instability inside it's a countries if you have to count with stabilities you have

a defacto union and so it's forced the artificial. base of so your no common base of stability in the union we have been very weak base for the union and this is now becoming many fist what kind of a time scale do you think we're looking at for potentially collapsing was very hard to say because economists like me can calculate trends but not dates so if our constitutional court will decide to have a quick send i think and germany has to stop his participation in two years or union sends a day this is what i have. but nobody knows when. it's coming in reality so i am quite sure. we have forecast the president because when we started so you're all the same corp by no one was

forecasting do your video not state in your state send politicians thought to be funny because. it's but. economic laws are strong political officials and so far i'm sure we will. have to see. collapse of your but i cannot see i cannot give you the precise date professor thank you very much pleasure.

are. going. to have a rally will sell lots of beer will. they will wear uniforms that little damage is in the black. but very little damming the white. they are the key to our problems are all right. soon which bryanston. movements from constant pressure. from stunts on t.v. don't come.

well to british soil some time to.

find out what's really happening to the global economy with much stronger or no holds barred the global financial headlines to conjure reports. tensions have been u.n. general assembly has reached fever pitch as president mahmoud ahmadinejad. was noisy rather with many protests of his attendance at president obama his remarks of fans. of recent success events immigration political parties in europe is turning heads raising fears of growing nationalism across. our melts the struggle for answers to the region's vast resources heats up prompting russia to call for more cooperation that reason the nations gathered in moscow this week tam's to wait. and time now for sports update was a tell you don't go away.

you're watching the sports news an r.t.a. and here is our headlines. russian leaders they need show the most against. one of saturday's premier league highlights. the cage challenge in a small so lives hatchery gives to numb a mosque away three want victory over visiting on guard. and engulfed tiger woods will retain his number one status barring a record setting performance from phil mickelson on the final day of the tour championship meanwhile it's jim fury can say it's at the top before sunday's action . so for both of us townsend it's relentless march to the second russian prime in a crowd in four years hit a new high on saturday the biggest backside not you know of the biggest win of the season and they expand solves. xin it's receiving just reward for employing

a normal out attack policy twenty five minutes into the game the on fire and sounded good shot full heading home an expert fashion their second came from the spots the bunker was on each believe it was open ended in the penalty area and so did the referee who should use international danny did the rest of the thirty three minutes and just moments later it soon became three it's up to the doing the hard part was a bitch with a tap in there. so it might have been forgiven for getting a little casual at this stage but think maybe temporary price slack defending from thomas about channeling may treat gary chan got. to have a story of one. of them was restored right after the break though good shot both claimed his second off this from was it was that i'll. have a double after wearing finished yet. that's good circles have traits that surely now has done enough to warrant a stop the rush against next month's world cup qualifier in dublin. the icing on

the cake came viola's sunder i seen a six one the final score up morris. reigning champions are being kept up the change though later in the day because on side benji struggling along one mill to put four points between themselves and the needs of the leaders do hold a crucial two games in hand it's found a salvatore but kitty who was just signed from juneau office on twenty million dollars that he discussed still the case one will display the sign. over in england chelsea have dropped the first points of the season manchester city winning the battle of the big spenders at a slams carlos tennis making a difference of minutes before the hour mark sitting now sits second alongside manchester united and also the who themselves were shot by west brom by goals passed away victory in one thousand tilt first appearances and little poles less

than stellar stopped in the season and shows no sign of halting the two will go against sunderland keeping them stranded in the boardroom all full of the table moving to france now where title holders olympic mall say moved up to fifth in the standings of treats you want to win over us all sure the opening goal was an absolute dollar for the visit this tie a tie will probably have a cross on his mind but the ball had a that's right i did find even that instead. and so my eyes we can say why is the nigerian left back looking up failed for in the open teammates of matthew dre it is too late with his reaction as small say graham for the lead eighteen minutes into the match and fifteen minutes off the restart the hosts double their lead a loan for a win and loic remy has a war gonzalez who does the rest social pulled one back in the seventy fifth for a week without worries belabored mall say held on for the win a boost of confidence for them ahead of wednesday's champions league game at chelsea. and that's something g.m.

rick. changed the number one spot will be one the winner at the old retreat by yes morning the winner from me freaking me on meanwhile remains stuck in the bottom would walk away from the first seven games and with those kind of results mode they may not be charged for very much longer. and that shift gears to formula one that way fernando alonso is once again in the driving seat as he claimed his second straight poll for sunday's singapore grand prix it's one state a nine year old achieving a remarkable turnaround after a slow start all the more you have a street circuit an engine a mapping problem slowing alone so down until the spaniard produced a blistering final round red bull sébastien the towel will stop beside a loans on the grave with lewis hamilton behind that the danish went to the third with a small momentums with the two time world champion though the spaniard putting himself in a great position to follow up his winning makes me a fortnight ago with another one on the singapore streets. both of my daughters

were. both out there and work similar in terms of up time obviously in the car you don't know what those are doing but i was quite happy with my lot. i didn't know if it was enough to be a circle no fourth but i've seen we get one hundred percent out of the crowd today and so. their main target for us. ok joe hockey now and now i'm also. on guard three want to help with straights when the visit is to get on the school board just three minutes into the game but i want you to be unconvincing on the rebound for the lead number responded five minutes later though denise mausam of converting all the breakaway for the equalizer. and there was more to come from him midway through the second period the young forward schools the second to put the hosts on top and he completed his fast korea had three with an empty netter to guards fate late in the game. now russia's female basketball team is through to the

second group stage of the world championships in the czech republic and that often securing their said consecutive victory over seventy seven fifty nine the final score their russia finish top of group d. standings and make it to the next round along with a second seeded czech republic in goal for a record setting final round performance said the tour championship could see phil mickelson overtake tiger woods as world number one later on sunday but the lefties to fall behind the leaders up to three days meaning woods is likely to retain his status at least for another couple of weeks. in the sixty eight on saturday mickelson is tied for ninth seven shots behind and states alone at the top of the shooting a bar round of seventy and they've done all that retief goosen dhawan shot back in second meeting both can still win prophetic scalp and it's tamil and though a bonus so cam fourth placed geoff ogilvy who trails spirit by three strokes.

staying stateside for a classic rivalry all the baseball diamond with the red sox defeating their biggest opponents new york a town to a drove victory made even sweet of the boston with the young he's now out of the first place in the atlantic league east following the last new york pitcher and the good teeth still showing twenty over us to me second stopped after coming back from the disabled list jed law. taking full advantage to have a full year on the home of making it three zero two the sox early on their baseball is a game where records are especially coveted and alex rodriguez has got an historic home run the four six hundred and sound a false slamming seventy so-so for six overall erodes commandable afeard however negated by aleck loss to altitude for the rest of the team for a ten to eight red sox victory. and finally russia continued to dominate the arithmetic gymnastics world championships held here in waltz go their streets a having the medal tables winning almost every gold on offer so far richer than

poor for that now takes a look at the daunting task facing other nations seeking to break their russian domination. these world championships in moscow able to give the gymnasts a perfect bromance to see just how much may have to improve with the london olympics drawing ever closer however with the russians sweeping up almost every single gold available the future mitchell minus for their rivals that really think domestics has a long tradition in russia the country has a number of brilliant coaches while there is a lot of funding perhaps most importantly there are a number of girls come onto they did and want to compete however maybe some chinks developing in the host nations arma they could only finishing third in saturday's team a round event the first time they failed to win a gold so far has been talons took first place such a defeat as ran for the russians have won every olympic rhythmic gymnastics gold since one thousand nine to see the russians dominance in the sport despite saturday's hit come is largely down to having the world's best coaches and

a large pool of talent from which to pick from. i think such a case and that they could be. a complete but could. you do not. try to. solve it like. main cut me up and take out. russia i'm a former soviet union remained a powerhouse of rhythmic gymnastics with the rest of the world playing catch up how the more and more coaches from a former u.s.s.r. and i working abroad to help countries who've had little success in the past improve that with italy managing to beat the old conquering russians in the team all round competition there is hope for a number of nations with the london olympics lesson two years away. richmond hopefully dati moscow. that's late this is told for now stay tuned for a check on the wild weather.

hungry for the full story we've gone to. the biggest issues get a human voice face to face with the news makers. every month we give you the future we help you understand how to get there and want to bring the best in science and technology from across russia and around the world . join us for technology update on our keep. our. stuff going to come back.

we'll have a rally we'll sell lots of beer will wrong wrong in the face will wear uniforms that little damage is in the black and then moving but very little damming the white. and they are the key to our problem our own right.

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