ten thirty am in moscow these are your r.t. headlines breaking news this hour a passenger plane with more than forty aboard crashes in russia zeros after takeoff thirty one confirmed dead twelve survivors in intensive care. a group of nations backing regime change in syria believed to have put rebels on the payroll prompting fears the syrian people are being ignored over questions about their future. party fever permeates russia's opposition movements as the government prepares to loosen up registration for new and not so new political factions. up next the end

a healthy mix of euro crisis bailouts and austerity the former head of the european central bank john claude tree shay weighs in on the state of the global economy. well today we're joined by. now he's the chairman of the group of thirty a panel of a former central bankers finance ministers and academics i think is no stranger to weaving through financial crises having served as the chief of the european central bank from two thousand and three to two thousand and eleven leaving the post in october last year thanks very much sam especially for joining us today it's a pleasure in first question would like to know you said at the federal reserve a conference very recently that you think we're still in a crisis that your successor maya draggy of the e.c.b. said that the worst of the euro crisis is over is the worst really over there i was alluding to the in your to understand what happened happened.

over and we have now. structural adaptation of the advanced economy you know over the last thirty five years we had little crazies the african craziness we had the formation of of all the socialist part of the world in the market economy. new were i would say very powerful economies and we are not observing in the things in your advanced economy since also the advanced economy themselves have to adapt their final four sector started with the you know the financial turbulence lehman brothers and so forth all saw they are all fiscal policies i really across let it is a global crises of the advance they could have me and of course the your peers have they all in a difficult clearly have to work on the old governance is going to be governance

bulletins and the euro crisis is the worst over are we out of the woods at this point i think that we know that it is out work to do because. what you have to clean is for all countries the capacity including those who are in great difficulty to demonstrate that they have fiscal policies and economy policies in general competitive policies that are sustainable in the long run in the medium and long run but that is true for the your beard but he thought for the other big kind of b.s. of the advance countries i think it's really now we're demanding a new move of the investors observers savers the world over to our poor old ladies including the advanced economy to demonstrate that they are sustainable in the medium and long road speaking of advanced economies and sustainability the us for

example its debt now stands at fifteen trillion overall us debt is fifty seven trillion and the debt ceiling may or may be raised again it's widely expected it will by the end of the year if not earlier is this going to send another problem around the global economy and is this sustainable first of all i hope very much to do all or but because they couldn't send signals that would be destabilizing i am very confident that we will not experience again. on the ceiling or for the borrowing so of of the united states of america i think that the experience as demonstrated that it was not good but all that being said i think that all countries. it is again a new feature of the global economy all countries including you advance they're going to be have to demonstrate that they have strategies and they have fiscal policies that are sustainable in the medium broad otherwise they will not inspire

confidence so in a way the you with their problems are the the center of a larger problem which is you. characterizing all the advantage they could of me in my all understanding of the situation this is maybe a basic question but it's being raised right now ever since the crisis seemed to lucian seems so far can go a go ahead united as is seen by leaders without the euro with greece possibly having its own currency back just to fix its problem i think that for any country the first best is of course by far have you or the you're just not aware i just know it is needed in an orderly fashion and the solution which has been found by the european on greece is by far of course the first best they could have

a perfectly trudge that do you think this is the end of greece wanting bailouts and do you first see even more be allowed to just continue was a cycle again we will see what happens but it's clear that there is a commitment which is being taken by the greek government. sensitivities as you know because there is a there has been national union to agree on that and the help of the international community as a whole and the help of the european all this seems to be the right in the proper your two way to proceed now of course. in that particular country as well as in the year with as well as in europe as a whole as well as in all advance they could me by your own understanding of the principle mission of our planet also in all it's going to resolve the. democracies of the planet where have to do the job. this is no time for complacency

nobody should be complacent but it's true for all of those without any exception. ok let's look at a stair to measures portugal italy greece and spain some say they spend too much others say a stare it is going to kill them. well who's right where is the balance here how do they move forward it's an issue for all advanced economy correct with their project every particularly as regards in their fiscal policies when you have had ten and see to spend more than you were on all the time and whatever you do in whatever continent you are in whatever category of country you are i have to correct you cannot continue eternally to spend more than you are this is true for country as well as for the individuals who failed me or for firms so again a toast that there is no healing contradiction between what is called

austerity which i would call that to sound policies you know but because what is called austerity very often is only that instead of spending much more than you were on and you. know although you were a look at this through spending there were so how could you call that austerity if you are back to sound policies then you import confidence and by improving confidence you give a chance to growth and job creation i think it is and it is the reality and of course it depends on the situation even called terry has not lost any confidence as always behave properly there is no problem for that country of course but for as policymakers as economists as the financial markets and as much as they pull together thinking about confidence and balancing steady and growth what if you walk down the street and someone comes up to you and says mr cliché i haven't had a job for twenty years what is what is all this policy making into me as you know

those called for us that we are run in a very prudent way that we are not spending more that more than we were. we are earning we are not distributing revenue is abundantly and so for almost all trees have jobs and the their own employment is diminishing and diminishing and diminishing even in the time of a terrible crime what do we do with those that don't like spain i mean when you did not behave properly i'm not speaking of any particular country i'm not speaking only of your part i'm speaking of the. then at a certain moment you have to correct and it is true that it's always difficult it's much more advisable to run your wise policy is probably then nobody's complaining but if you give a lot of money to anybody and then you tell the man i give you too much money i

have to take it back then you can surely get anybody to give and get back is something which is as well as human nature is concerned explore all of the different here's the larger problem and it is more as what we have that there isn't why we have to prevent bad policies and monitor all policies permanently in order to avoid to be put in this is a very different situation than about brics now these think they can deliver what is needed for the global economy to move out of the phase it is in now when the brits are precisely those somewhere where her going brilliantly over the past year those are creating a new set of extraordinary year buoying year economies and i think that the for some of them of course they had also problems in the past i'm

speaking of russia speaking of brazil. there had been a long period where india and china as i said we are not growing at all or practically not and so no the. have to be the best are of they're all very rapid developments are we to very nice you know you each you can cope with her you are going very very fast how to manage that and they are now we're part of the global community a decisive part of the global economy they are part of the global governance a member of the g. twenty there is no such thing as a small group of advanced economy running the global economy. well the brits are playing playing a decisive role in this handling of the global economy but i would say they have the old problem again a really close though that we all have to be very careful question about you no longer head of the e.c.b.

banks during times of crisis to show solidarity with the people now other a lot are paying attention to the high compensation for bankers a time of crisis do you think that should all be slashed. this is. you know in all all democracies this level of or i mean the aeration not only in the banking sector. but in general they can see that in the us i can see that in the u.k. we can see that. in your course and everywhere in the world so we have to reflect on that because there are value and you know democracies which are not easily. if they made by you by some. sectors. i think this has to be transmitted progressively of course we are in market economies of course welcome to goodness i've been functioning but it is very very important

that all the component of the society understand that our democracies their values on these values have to be respected so should the it not be slashed compensations review i think it should go off a better understanding by the interested persons themselves and the interests of the sector and again i don't mention exclusively the car for sector that they are behaviors that are shocking in the perspective of europe of fellow citizens democracy as a whole and this is again where these fundamental all right thank you very much you're with us thank you.

there hasn't been anything good on t.v. . it is to get the maximum political impact. the full source material is for helps feed journalism on the we. we want to present. something of.

we're covering breaking news this hour a passenger plane with forty or forty crashes in russia's year olds after takeoff thirty one confirmed dead twelve survivors are an intensive care. group of nations backing regime change in syria believed to have put rebels on the payroll prompting fears that the syrian people are being ignored over questions about their future. party fever permeates russia's opposition movements as the government ready to loosen up registration for a new. political faction. edgers here with all the latest on sports news and in our most football and ice hockey teams shining bright this morning high their team at both with important wins now on the p.t.

look you might see in the russian prime really well it looks to be no stopping the play whitesnake h.l. pile for the moment we've got all the action coming up in a second. welcome to the sports and these are the headlines on the double denominate moscow i was looking mighty to keep alive their dream of european football. law that the now myself the team is just one win away from making the cup final off to be can sculpt three one. and miami. beach claims the sony ericsson title for a third time with a straight sets win over the mary. that stopped the football though in this weekend's bragging rights in moscow belong to the nama after that so you know when i have a lot of might see some good quality in the school here just before the real cracking

go see and at the end of the match alexander simmered over to the man who was knocked down in the penalty area and savez down seam of each school with the second from the sports the win leads the number in fifth which is the last year i pull. spot but they are only three points off a champions league place but just behind them in the league to be we've got a marijuana when angie this is their first win in five games not much between the sides but it was the home team who struck first shortly after a goal is first half i mean marty's winning the battle there against christopher sam back to head home on the fifty minute mark a mile and she went all out for an equaliser in the final fifteen minutes of this game. stood firm. so one was how it finished. and in the bottom half of the table yesterday and carr remain unbeaten this year to no win for them and they had the opposition goalkeeper source land yeah yeah now i have to thank for the first goal of the game where we climb e.-l.

of each will try to claim it but the assessing goalie really should have done much better. terry with another blunder in eighty six minutes martin your next headache going the wrong way but again has to take a fair portion of the playing to the final score. meanwhile in the english premier league top women are level on points with third place arsenal after a three one win over swanzy on sunday night a late break from emmanuel adebayor or securing the victory at white hart lane and in the other game newcastle beat liverpool two nil prophecies say with the goals to bring new castle level on points with fifth place chelsea boss alan pardew believes european football next season is a real possibility the reds boss has left think it's six league defeat in seven games. these last ten games we said will it's such a distance that you wrote a little it's going to go free free at last so seven to go we go to swarm

the really really good show. and hopefully we get enough points to get us into europe. some sort of programs that we have to get ourselves right in the way that we want to play and it was a change from. the way they actually opens. but what you take them. for what you believe in ourselves and believe we're good and if we do that then all of a little fortunate. one victory away from reaching the k h l garren cup finals after taking a three zero series lead i discuss and. watch the latest encounter. starts in petersburg what if one high hopes coming into this season's playoffs and all was going well beyond him and that was until the end to a western conference finals series denominator which has turned out to be a nightmare for the team from russia's second city as many lost both their matches

at home however the visitors will get up to a decent start they will take the lead midway through the second period if they manage to win a face softened economic zone like the made harassing turn sent an unstoppable shot which we don't examine the audio is near post however do not always soon level these muscle you'll find a new tradition yes here before post the blue line a finished coolly to restore parity strong one helping to caused by giving away far too many penalty minutes. for him so i didn't read it from an advantage to go to one up with seven minutes left furred no banks takes on past time to try your niece in twenty four year old talk from the blueline for beating up of stephanie. under normal would wrap up a flurry that serve three one victory just minutes later and using this time turn provided on the powerplay official the same become seventeen go to the coffers on hand to school and put the result we all pay me down each door that doesn't win the

last everyone understood that it would be a very important match especially playing at home and so i'm glad we were able to put in a great performance and get this vital victory which so dynamic around the replacing of foreigners and choose the danish win game for however their players on thinking that far ahead of the moments just. needed thinking about playing in the garden cup finals at the moment we're preparing to get a full disclosure we have been doing in the previous. she's in this series. has been a fairy tale series so far from its stance in petersburg no only victory will do. they want to keep their troops naive recording made in good current job title which a bumpy three dancey. there is no action on monday in the eastern conference final that regimes in on guard and track or a tied at one of pace in that series. anything about djokovic has won the miami

masters for a third time the world number one beating andy murray in straight sets six one seven six mary hasn't played for four days after his into these matches and he did look a little rusty in the first set djokovic pairing an ace to take it six one. the second set was much closer murray finding some form at last. even i was helped with the net here but the serve in to force a tie break which eventually one joke of each defending is my only title without losing a single set all tournament and delighted to have got the second title of the year after winning the a strain i. thought was a. great group and try to you know practice a lot of me myself reduce this tournament which is really important. i wanted to do well. played my best tennis when i needed to have

a new skull four hundred my hand has hit form ahead of this week's mar says he will enter the season's first major as the highest ranked american after victory at the eastern i hope and he said to move up to fourth in the world rankings after his one track victory at the redstone golf club and started the final day two shots behind this man south african lose. same here but despite moments like this he did fade with a three eight or seventy five call pattison and it is my hands closest rival movement within a shot off the later. after making this birdie on the fall however the swede couldn't overhaul. one under par seventy one this magic chip keeping his nose in front on the sixteenth. and his par on the last hole wrapped up the victory his second on the p.g.a. tour this season following his success at the match play championship in february. so. it's a chance to share any treatment. and there's

a new winner on the european tour denmark's there will be one oleson claiming victory at the syrian open he's only twenty two and had to hold off a late charge of england's chris kluwe who did of course record sixty four but a day at disney the poster sixty nine and that was enough for a one shot victory on fifteen under. and finally probably driving me to her villain has been disqualified from the portuguese rally the finn had won the event but officials have now claimed his car breached regulations and it means the frenchman sebastian load is restored at the top of the overall drivers' championship. he came second in portugal has been upgraded to the race winner and that means twenty one year old russian you've got a north of as being given second place his first ever podiums. i said last year but we've got a bit more time for some basketball in the n.b.a. the best in the west met the best in the east and it was oklahoma city thunder he

came out on top in a jewel with the chicago bulls ninety two seventy eight that was enough to secure a playoff spot for them elsewhere danny granger was the star member who stood in their dramatic hundred four two one hundred two win over the indiana pacers will pick up the action in the third quarter chandler parsons with a three point basket to extend pistons lead sixty three fifty seven and later in the third boykins races to the basket and comfortably makes available two seconds to spare. the rockies led by ten points at the end of the third but in the fourth indiana found strength to come back danny granger has three points is the cap that run both things try the three tries to level a contest in ninety three old and the gang went into either time where granger was scoring again i'm broke passons last second three point attempt to give big victory to indiana and that game drops a center in the west and they are not and they are on the verge of losing

a playoff spot. so that brings up to date for the moment both for this later. if the. culture is that so much about taxpayers' money mentoring is a chemise even a lot of people have areas of the power in need of social networking such as facebook you tube and twitter is undeniable but are these media themselves becoming

the. a filmmaker. an actor. believes in luck. he directs his culture of real life made in prison on charges. of.