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tv   [untitled]    February 29, 2012 7:30am-8:00am EST

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on the bottom of a. couple thirty pm here in the russian capital this is on top you have lines now syria's first steps to democratic reform a ridiculed by the u.s. as washington stops just shy of labeling assad a war criminal while allegedly pumping weapons into the water on state. raging against austerity synchronous nationwide protests are expected in spain and greece as governments can slash policies leave economies on public patience at a collapsing point. and a man charged over the murder of
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a prominent russian journalist anna politkovskaya says the killing it may have been orchestrated in london by a fugitive russian businessman and the suspected terrorist. that was greece struggles to comply with creditors demands another indebted e.u. member spain is trying hard to avoid the same scenario next week talk to a spanish economist on what's ahead for the euro zone's fourth largest economy to stay with us here at odds. spain has a new conservative government that further austerity measures the spokes we need protests and with the country now suffering crippling the high unemployment especially among the many people are all thinking whether the country often described as t.v. to fail already have we're joined now by economist manuel thank you very much for joining us can you tell us how much of what the country is experiencing right now
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is due to being a member of the year is saying the situation that spain is experiencing it's clearly a consequence of spain joining the euro you see that we joined the euro. we were. subject to the european central bank the european central bank has settled interest rates are courting to the needs of the core europe which is or germany austria the france the netherlands and it's right the right to do that and those interest rates were very low for spain they were adequate for most countries part of very low for spain so what happened these that we received an enormous amount of credit reach priest spanish debt this particular. piece of foreign called the forty forty. so what happened is that these cheap money
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has created bubbles like the real estate bubble and when the crisis started the real estate bubble. fell down and of course companies started going back dropped public administration started not receiving income they were accustomed to and the whole the whole economy blew up we think we need government come in but the protests have continued what do you think spain's future now holds the government is doing what. you are peace telling them to do cut public spending and make some structural reforms like labor reforms which is ok. but that's not going to solve the problem because the problem is the euro and that's not going to solve the problem and so everybody in spain of the world when he's expecting. the great expectations that the new government is going to
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arrange the problem and i expect that maybe we have six nine months of good when. after six of my months. if the country continues to deteriorate as i expect that economy deteriorate people are going to be very very moved by the move deceived when they when they see that that with the reality doesn't match their expectations with these governments do you think spain's future lies now within the year it's certainly not. certainly not no not in north spain nor portugal nor greece nor italy from the the so-called peaks i don't know about an island i don't know very much but certainly not spain of course in theory you could have a uterus wrong with the core countries with germany the netherlands. austria
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maybe but not very sure france. but i am i my feeling is that if the peripheral countries abandon the euro i don't think the although four or five or six countries will feel very happy remaining alone where you've written about things fit for me i think do you think that is a realistic option is a political problems the that and it's also is. a credit. debt problem you see. spain has as we said before about. nine nine hundred billion in foreign debt about half of that is held by germany and france maybe banks and funds and investors. so you could say france and germany they don't want spain to
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default because of course leaving the euro is seen only most of defaulting i mean because if you leave the euro the fording that you have to you can repeat so if spain leaves the euro spain has to default and that we heard german and french banks and they don't want that so the the the situation is very easy to understand it's like if i am a bank or you or me money you cannot pay well i want you to do whatever you you can to pay me and i don't want to. stop eating you take your children out of school do whatever but pay me back i think you have. dozens of examples of even recent history in the last twenty years there has been thirteen countries when many more maybe of these thirteen that have devalued because they had. problems with competing and overvalued currencies and the the result was.
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one in some cases better than others but it's always the other end it's successful of course it's not that devaluing east's the cure of all ease you have to devalue and you have to do all of things all the reforms certainly. just devaluing is not enough but you can do nothing if you don't devalue c. but the people in greece and in spain being part of the year if their remains very much a source of pride doesn't it you're right you're right you see for use in spain when the euro east associated with europe and of course politicians have conveyed this message they say because for because if you leave the euro you will be chased from the you european union which is a force i am absent of course the treaties the they don't they don't. consider the possibility of leaving the euro which is a matter that they don't concede but i'm absolutely certain that if if if if spain
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leaves the euro nobody's going to chase spain out of the european union but anyway for the for the people. who are not very much aware of economics and nobody's aware that the crisis or the genie is the usual spain nobody's aware of that maybe some economists are aware but the majority of course the message that. it's been conveyed by the banks by the. media by politicians is that the problem is the overspending of administration which is right i mean the asian overspending that's a problem but the thought the origin of the problem the origin of the problem is the euro and the lack of competitiveness that the utah has brought to spain therefore the recession and of course the recession always please repeat. a deficit
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in the public administration but the deficit in the public administration is a consequence of the spanish economy not being competitive do you think there are fears that what's happening at the moment in greece is going to be repeated in staying exactly the same i think it's we. they are about two years behind greece him terms of protest but you see the policy which the troika. and the international border font european central bank and european union are imposing on but if a countries greece italy spain portugal it's economics one o one is very simple to understand that i mean if these countries are. with problems and you force the to cut public spending well you. push them deep into recession and even to your pretended objective which is to
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reduce public deficit where you don't reach that goal because the. income of the of the public administration is reduced because the whole country goes into a big recession we have seen that in greece how every year the economy goes worse and we are seeing that in spain and we experiment that in spain more and more thank you very much for joining us.
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wealthy british style. sometimes. markets finance scandals find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to kaiser report on r g.
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happiness and tragedy. devotion. and beatrice. family. and does a link. on the bottom of a cotton swab of. the world from the french science technology innovation all the latest developments from around russia we've dumped the future covered.
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good. luck. to. play. culture is that so much going to be a huge percentage of our mind to go to the right to protect the rights to penetrate as syria continues down the path of destruction and civil war there are allowed voices on the internationals. download the official. touch from the. life.
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video on demand. old costs and feeds now in the palm of your. questions. sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you don't know i'm tom harvey welcome to the big picture.
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the headlines on syria's first steps to democratic reform ridiculed by the u.s. as washington stops just shy of labeling assad a war criminal allegedly pumping weapons into the war torn state. raging against austerity synchronous nationwide protests expected in spain and greece as government policies leave economies on patients at a collapsing point. a man charged over the murder russian journalist. says the killing may have been orchestrated in london by a fugitive russian businessman and a suspected terrorist. those are the headlines here on our next dimitry the sports
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. goods for the company coming up in the program. the road to ukraine and russia begin. with a trip to copenhagen to take. stepping. to the page take charge of england's. following the resignation of. they played the not once when they. came out of the ring floyd mayweather jr and miguel. may the face while still continues about that so-called simplified between pretty boy and many. but first russia have how their final
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training session ahead of their match with denmark later on when state made just their friendly take of the carts matt are taking the encounter seriously with the european championships starting in exactly one hundred days richardson portraits reports now from copenhagen. the euros may be just over three months away but that time will pass very quickly for take out the cuts production has just free friendly matches to prepare for those championships and has to pick his squad of twenty free which will go to poland and ukraine russia's head coach may have already decided on the majority of his squad but is taking the game very seriously even there's a new suit for go before the dawn. we don't have some of the chances to play. together the group to group is improving playing better and better and you can see them playing the series also in the last couple of games of the group. for parts of the world with so few games left before euro two thousand and twelve advocate has
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very little time to tinker with his squad i'm a dutchman admits that wednesday's game will not be even time for experimentation and he will stick with those players who booked russia's passage to the finals however russia's boss is pleased with some of the side's key players have returned to russia recently after not have the most successful of careers abroad was under sharp in being the latest to return home there was good for us if we weren't good for the national team as well because he needs more practice in the more games with . the possible to do two more. for the vast majority of squads the game of denmark will be just a second competitive match of a new season as russia is just coming out of its winter break. well for the likes of roman publishing co who missed training through illness you know to shoot a call from flooding the globe all of those like me just tossing go with the i just love my fave an eva i can fave both missing this will be the first competitive
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encounter of a new season as vec loves what's involved in european club competitions however deni dean of the play is a raring to go and it was good to meet up as a squad again after a break of over three months since my last fixture in the us the most this is the final friendly before we begin preparing for the euros and this is also a great tune up for the league season which restarts in a week's time this should be a good game as we're playing another euro two thousand and twelve participant at their stadium or someone who knows. it's denmark unlikely to present russia with a tough test for danes of course also qualifying for european championships is likely to be even encounter and even bow of the cards are said he'll play the strongest eleven expect the dutchman to make wholesale changes in the second half as he takes a look at some of the players who are looking to make his final scored bureaus might seem a long way away at the moment but in reality there's not much time for the
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governance of his side for those finals with denmark might only be a friendly but is going to be a key opportunity especially for some of the fringe players so impressed with our chairman and when he took it on the plane to those finals in poland ukraine. copenhagen. meanwhile england's caretaker manager takes charge of this side late on wednesday as the netherlands visit wembley england's first game since father capello reside month pace steps up from there and twenty one squad where his been manager for more than five years at football association says it's had no contact with any candidates for the job on a full time basis pay says it happily take on the row for euro two thousand to twelve this has already changed plans put in place by capello for england's preparations out of the tournament plus here's his name scott parker as the new england captain. in the meantime euro twenty twelve poland are set
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to go head to head with portugal the game is due to take place at a new the bill said in the polish capital parts their home crowd will not be able to enjoy robert lewandowski skill one striker sidelined with an injury the visitors in there will have to play without sort of a server or portugal head coach it's a tough encounter there despite all injury problems. some of the religious only the strength of the polish team is that they are playing on their home sure. we'll push through this is a great plus also they have good technical players first ones i would mention lewandowski. but portugal have sufficiently strong players as well so that we won't have to worry. germany will be hosting france among the rest of wednesday's friendly thanks is the on goal keeper who glorious has been named captain for the match for france had coached around long confirmed that the keeper
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what keep it for the euro compas well as for the upcoming game plan admitted their opponents will be the favorites there. mysie we could find some money between france and germany the matches have always been about a lot of prestige and although it is a friendly game expect them to try to beat us but i think realistically the german team is more stable and who's got more qualities than the french but sometimes in football the unexpected can happen and we could teams can win. when it's time for the playoffs in the kontinental hockey league where the western conference quarter finals beginning later on wednesday regular season run exams take on say send another more suicide to nominate start their best of seven series against mates from belarus in the russian capital it's a pair that begin their campaign initially no but i gazed in amerigo while moscow region side of plant are up against. now it may not be the contest that
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the world of boxing is desperate to see but and specialty is growing as floyd mayweather jr prepares to put his unbeaten record on the line against me in may and the pair will trade blows at the m.g.m. grand in las vegas on the faith of may with w b a super well to a crown on the line but at a press conference to promote the fight all the talk was on a possible bout between mayweather and our negotiations continue to stumble with pretty boy insisting the filipino is refusing to accept the brand drugs test track mind says simply want a face to face the spirit of the purse it seems that negotiations have a long way to go. like i said before. if you really want to fight floyd mayweather mediocre it will be right here today face of law and they would. shut off. if you do want to you don't want it so it's obvious he didn't want it so we
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move on to the next. british boxing is or has been given an indefinite. banned by the world boxing council for his behavior before and after his fight with the tata group. at the weigh in for their belt and then rolled with compared to david haye in a post fight press conference the w.b.c. said it was one of the worst behavior is never by a professional and demanded of the twenty eight year old undergo anger management treatment before they consider lifting the suspension. and finally let's touch upon the story of russia's most successful figure skating due of recent time to turn over all sort of seem to on court who clinched european gold medals. are to go and start reports. the twenty ten most kugler crystallise was the first competition to ten or so daryn maxime turn call performed together
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and any doubts about whether this newly formed couple at a future soon faded away within just fifteen months of our interim call to the first of the european and second of the world championships but neither skater is happy to fall back on those achievements for good they see success of the next winter olympics is their main goal in life. doing in sochi she's more than just a goal for us it's a dream and i'm sure that for any absolute winning their home countries olympic games means as much as any sporting achievement could but russia wouldn't have had such high medal expectations in the pairs competitions if the two skaters hadn't agreed to but they're up in twenty ten before their bonuses are was performed with stanislav morozov for ukraine while john paul had maria who worked as a partner but they were continually for the short of expectations and both athletes knew they had to move elsewhere with their business i had an offer from
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a french skater i could have also moved to canada to compete for them but when i heard that maxim was looking for a new partner i wasted no time agreeing to such an opportunity in order to compete together with us or had to obtain russian citizenship and move from here to moscow while john paul also had to leave some bitters birth where he had lived for eleven years the pair found a new head coach. who used to work to do your hair lives but they changed it in the fed their lifestyles too much whatever they are the vast majority of their time is still spent in training. so much pleasure can become so enjoyable i'm really happy to work hand in hand with tatiana and max in to watch them training on the ice and i'm sure any other coach would feel the same without them. everything else is our intern paul do. as a single aim to win competitions and while the crowds at exhibitions various ice gulley and doubles was the last among them and the reigning european champions to
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the breasts of spectators once again a. hearty. ok that's all the sports news from me for the moment i'll be back in toss time with more for you stay with us. culture is that so much definitely a huge decision and find time to plan to right to protect the rights to penetrate as syria continues down the path of destruction and civil war there are allowed voices on the international.
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