in southwestern germany and he's here to talk with us about the fate of the you're right mr fallible thank you very much for joining us well as expected to court didn't stop a second bailout and germany's participation in it but how do you think its decision may make future bailouts more difficult the complaint has been that. the bail out. is inconsistent with. budgetary law. because it's an open ended commitment. in fact it's so limited informed but it may make a lot more. and the second problem. is that the democracy principle. has. not observed the procedure it's been rather general not very detailed. and the problem is that. the bail out it's likely

to impair the stability of the your. because it. will lead to more and more government debt. and if the various member states increase their debt. it's the same time you. are subject to a stronger and stronger incentive to inflate to inflate the debt away but to support them. so they would exert pressure on the european central bank which they have done already last year and this year and the european central bank. the central bank cals who of course want to be reappointed by the government so i'm not so independent they want to be we pointed they may get into this pressure these other three. yes and how much does this undermine the integrity of the. world.

wide of consequences if this this these pay all this will not continue. it will be stopped and it's the. government to also many people in the government who don't really like that so the liberal party doesn't really like it but they feel they are too weak to stop it and. knowledge they. can use the. this decision to. to oppose generous bailouts let's go back to what started all of this and greece how strongly would you describe the anger being directed at greece now. in germany as the angle is so enormous. all. the majority of the people who have been called absolutely against since. the economists or all this or even more so i

would say. greece is really the ball still fall because saw. the previous greek government has been very spendthrift has accumulated very large deficits even before the financial crisis. greece has been a member state of the eurozone which has most frequently violated its stability and growth pact. so they are really calling say that they are the victims of the financial crisis. infected was not only the conservative government before this one but also the socialist government before the conservatives got solids that's a real greek problem it's not a party problem. and then we see that. the greeks are

buying gold with the money they get from the belt. very unpopular. and they are not really implementing the conditions. which had been attached with the credits. and. it is well known that tax morag is very poor in greece and saw the germans very upset about greece much more baku so on the board portugal and. some people started to comment that the markets are looking worryingly like they did before lehman brothers collapsed three years ago how serious is this financial crisis that we're in. i think the crisis is not not serious it's not comparable to lehman brothers. lehman brothers panic was due to the fact that there was a medium sized bang best bang which collapsed and people didn't call.

any further banks would also be allowed to collapse and whether the money supply would contract as happened in the great depression saw it was so there was a lot of uncertainty. since the financial crisis however we have. to support a failing banks we have the experience that the governments have supported the failing banks and the money supply has not contracted and the monetary base has also not contracted so that we have had the experience that the governments are. very well able to deal with the crisis there is a growing chorus of voices that says if greece can't manage its fiscal affairs properly it should suffer the damage what would be the consequences of such a decision were taken to that default. if if the greek government to

default to openly. is some bangs many bangs would have losses they were fried doll it's. the greek pairings would not be able to stand to fall off of the greek governments we have had many sovereign debt crises in the last thirty years lots of countries have defaulted the government declares a moratorium government says so we are unable to service all that sorry and can we please have to go share actions with the banks and the other creditors and then that would be a haircut as to just call. the banks have to swallow it if if if the bailout funds . not increased any more then. the default would be inevitable so they are really trying to postpone the inevitable the monetary union of the euro

has been going for over a decade now how likely is it that by trying to resolve this crisis we bring for the likelihood of a fiscal union to mirror that. of the fiscal union would weaken the independence of the central bank because if you have. an economic government as sarkozy says to film our economy. then you have a strong calm told weigh it against the european central bank and they can put combine political pressure on the european central bank which is bad for the stability of the currency like whatever so this would be really very bad on the other hand we need more fiscal discipline but the way to get the fiscal discipline is not a fiscal union in the works in the sense of awe for this economic government but to strict rules strict rules for deaf. sid's which. with with

sanctions in case of fire and this will see or original idea of stability and growth pact this was excellent but. then the governments decided not to implement it this was going to solve. and what we really need now is revamping the stability and growth pact with automatic sanctions. this would require a change in the treaty. but since the government's one to change the treaty any holiday in order to allow bailouts they could do that to some observers in the usa have been watching all of this with increasing consternation and they've been calling for more europe not less right know how likely is that top of the united states. administration. has two obvious interests first of all they don't want to support their banks again so they want to avoid losses for their

banks so they like to bail out. secondly they want. a stimulus for the business cycle in america from abroad they are always going to effect since the one nine hundred fifty s. we had that so they always clamoring for expensive policies that brought. to bear all to. fail all its. prevent the greek government from being restricted if you need to expenditure policy. would have to be in the case of a default if you have a default you do not get any more money in the capital market but what we are having now is they still get money. from the other governments saw this system is better for the greek government then why do you forward and it would lead to. law

government expenditure then in the case of the thief some commentators have been saying that in the efforts to try and solve this crisis the likelihood of a united states of europe as it's being called is growing ever closer if that did come about what do you think it would look like i think initially it will be. less centralized than the united states of america. will be more like switzerland or kind of. but we know from history is that once you create a federal state. there are strong force was up for more centralized and. this has even been the case in switzerland. not in canada but this very special. that's very special because in canada we have. a problem and so quebec's which is quite powerful and would try. tries to prevent the centralization

and maybe maybe britain maybe britain will will be with the club because you are. slowing this down but the question is of course whether britain will want to remain at this type of federal state professor travel thank you very much for your time. the world wide manhunt for him lasted for fifteen years six one million new mobile or it was promised first come true. political move the smirk for the west. material from an enemy during the serve

him into a pyramid our chief. economist. limits just say. it's tsk. ed same it'll come in alameda.

he. writes. from plans to. come. number of gadhafi loyalists including his security chief libya for neighboring the air with the whereabouts of the colonel himself still unknown and this is concerns grow over what could replace him. anger at austerity plans spills into the streets

of italy and spain with their government preparing to tighten belts even further aimed at calming the markets and saving the faltering euro meanwhile switzerland stuns currency markets by pegging its brag that used to be a monetary safe haven to the euro. and the central russian city of jaroslav all turning into a global think tank as the world policy forum gets underway there culturalism and global security among the most pressing issues on the table at me. joins me now with all the latest from the world of sports. the russian football team draws their latest euro two thousand and twelve call fire but there is still a leaders of their group so what are the prospects of making it to the final stage next year well that they need to get four points in their remaining two matches to get seats up spot however their next match is away in slovakia and that country also has a good chance of qualifying for your it's ones as well so i think it will be

decided in the very last match stick around find out more. hello welcome to sport here on r.t. coming to you a live from the russian capital that would be room on calls for a bunch of stories up ahead but first the headlines. a goal the role russia failed to beat parlance and they're all important year old twins as well qualifier here in moscow despite plenty of chances. in new york the u.s. open it was halted at the flushing meadows as showers forced the organizers to cancelled say nine of the grand slam events. and clear skies in serbia russian garrett should masters dominate the european freefall style and accuracy landing championships. that start with football where your oats once it's well qualifiers were held across

the continent on tuesday night's group beat leaders russia were hosting arlen's here in moscow the home side dominated throughout the ninety minutes to get some shelf got close to breaking the deadlock and that's when it first minute blots his shots was saved by irish keeper shay given and the same man denied and now there are some shots strike that in three minutes into the game after a pinpoint pass from the u.t. share call on the way out of shot and also had a few chances to score although it stayed the goal this is they are his friend found their rhythm after the break in the final minutes each it was the whole back in attack and learning that they called the actions that we all know it's that header would have won minutes ago to the goalie and once again keeping it out for the visitors more shots on goal followed all in vain no mail how it ended meeting russia are still top of the b. but slovakia and our legs stay closed minds. through the employers. who do feel the score again was all respect you know when you play against ireland

they won't do everything that. even if it is going to nine months or even much better than the flu is going and if you can do that because of to log on and. you see. no other communities then you have. these nine communities. and you even. were soon to be. dilution is so good if you are going to go through the work you. food is bullshit. in that group these clashes slovakia missed the chance to join russia at the summits as there with the rash by our media for mail at home with all goals scored in the second half and macedonia dedes

a rock bottom at hold one nil so let's bring up the standings now a rush up with seventeen points despite the fact that it's even been scored this in two home games arland are two points behind and will go to boston scene on zora for their next match armenia are third at this point and will face macedonia next while slovakia are in fourth meeting when their next home encounter against the leaders russia. moving on to send its now and the us open to which has been halted it's a rainy weather in new york now several matches for scheduled on tuesday including the remaining men's fourth round clashes featuring rapaille nutshell and. to women's sport a fine also where russia's. would have been up against the straightest amount the stalls or the organizers rescheduled over its eyes for wednesday but again it will all be up to the weather as showers continue in new york. so let's take a look at who made it into the next round before it started raining over there in

new york to russia ladies have made it there to the quarter final stage however it's the. wasn't one of them she was knocked out by world number one carolyn was nike. and it's all about her look to be in control midway through the match a set up and the one in the second but was now he is in the world number one for nothing the dame who had suffered back to back opening round defeats in toronto and cincinnati right before the vents stormed back in the second to take it seven five . home and no chance claiming the decider six one and the match. the winner was pretty strong out there so it came from. just went one on one side and. yeah i mean for once i really had to get through the ball. size you have to a child not to play tootie but you know i mean it was a. good battle out there. yeah we have a few of those before. here two years ago. moving on to the qualifiers from russia

now where honest i see a public chant about to call but i just got schiavone in the last sixteen the russians lost to the better and their previous three grand slam meetings but that's what are your world improve them that record by winning five seven six three six four so this is what i do over and probably a chunk of are now the sole russian ladies with a chance to take the title at flushing meadows. probably a chunk of his next opponent serena williams is looking in some form though as an advantage she was unable to stay in the game against the team's overall favorites losing six three six four that's what a nine year old saw all public go in three sets in their one previous career meeting. over on the men's side. young could have made grand slam history by setting up a clash with each other it's the first time in the open era that two servers will

face off in the quarterfinals of a major tournaments jock itch briefly caught off guard in the opening set of his last sixteen encounter against alexander ball of however the world number one regrouped and managed to recover seven six six four six two how it ended up that's what a four year old holds susie to a lead over upcoming opponents tipsarevic there. and other tournaments favored roger federer is also through to the next round ouster of grazing pass a one man i'll call in their overnight encounters that express dominated the argentine six one six two six law. the swiss will now be facing will fred song god who holds a local favorite mori fish in an epic five set it's a make it into the water final that's when a six year old seizing the initiative early on by satan to break the rules in the opener but bush took the next two sets before the french didn't see with decider six so. finally whatever goes up must come

down and these guys make a living out of it so the russian parachute masters recently dominated european freefall style and accuracy landing championships in serbia yvonne's of war ski looks at the trials and tribulations faced by those high flying and fast landing competitors. ascending to cruising altitude of one thousand meters is followed by a swift freefall back down with virtually no margin of error the competitor is expected to land on a dime with a dead center sweet spot only two centimeters in diameter and while such consistent precision landings may seem far fetched to the uninitiated they are considered to be the fundamentals of the sport. of one who has every athlete must always learn the basics of their sport before going any further calculating a jump is the most fundamental aspect of parachute sports and safety that's why i believe all youngsters should start with the classic parachuting discipline we've

got kids coming in at sixteen years old some of who go on to become junior well champions by twenty. the individual acrobatics program meanwhile requires one to twist and turn in the air at an alarming rate and simply executing flashing criss movements is not enough either. the judges getting the opposite of bird's eye view for this event to see if participants can keep a straight of a trajectory is possible while they perform the flips and like in every sport be a successful high flying daredevil requires a specific skill set and personality but if you wish to besides being brave i believe anyone participating in this ball must be physically developed and have coordination fully wolf it will definitely help for insurance while playing billiards will help one make more precise landing calculations. russian women proving to be the bravest in serbia take in the overall honors in dominating fashion the czech showed just

a little bit more savvy than the russians in the men's event goal to win gold frenchwoman deborah planned for zero meanwhile said the world record for her lending persuasion six consecutive landings just one centimeter off putting her exactly where she wanted to be every time a total of seventeen countries taking to the skies but russia's main parachuting man hopes for more local support in getting high from. humans have always had dreams of reaching for the skies and flying we created planes and rockets in the school that we have today is another manifestation of that design to fly safely all government will notice and help our efforts allowing us to raise our level of performance. and while the more grounded sports seem to get more exposure these daredevils are hoping this competition continues to take off in russia and worldwide event sikorsky r.t. i'll be back with another update in a couple of hours meanwhile our youtube channel is available at any time look for

our sport news hope you'll enjoy it season's. the. motion would be soo much brighter than if you knew about sun moon from phones to impressions. from stunts on t.v. don't comb.

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calls. coupled with a desire to control. also a number of gadhafi loyalists including his security chief. could replace. the third annual global policy for. security and multiculturalism join me later in the program. with us here on our team our top story hundreds of thousands of people in italy have protested the government's fresh austerity measures announced on tuesday in a bid to tie.