twelve thirty pm in moscow these iraqi headlights a passenger plane goes down in russia zero is killing thirty one people with a frantic rescue operation pulling a dozen survivors from the wreckage. a group of nations backing regime change in syria believed to have put the rebels on the payroll prompting fears the syrian people are being ignored over questions about their future. party fever permeates russia's opposition movement is the government readies to loosen up registration for new and not so new political factions. and with italian choked by austerity the

country's affluent alpine region of south cheryl sees a rise in the separatist sentiment. and coming up the healthy mix of euro crisis a balance in austerity the former head of the european central bank john claude tree she weighs in on the state of the global economy stay with us. well today we're joined by a shay and he's the chairman of the group of thirty a panel of a former central bank first finance ministers and academics and he's 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 i'm essentially for joining us today it's a pleasure in first question glad to know you said at the federal reserve a conference very recently that you think we're still in a crisis but your successor meyer try give 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 my order still you go what happens happened in seven we have now. struck for the place of the advanced economy you know over the last thirty five years we had really crazy the african craziness we had the principal nation of of all the socialist part of the world in the market economy. i would say very powerful economies and we are not observing in the thing in the advanced economy since also the advance they could really themselves have to adapt their financial sector started with the you know the. lehman brothers and so forth and also all of their old fiscal policies i really cross that it is a global crises of you advance they couldn't meet and of course the your people

have their whole in a difficult clear they have to work on their own governance economy governance well terms of the euro crisis is the worst over are we out of the woods separate sport and i think that we know that it is out work to do because. what you have to come up to in is form all countries the capacity including those who are in great difficulty to demonstrate that they have fiscal policies only going to be policies in general competitive choruses that are sustainable in the long run in the medium and long run but that this call for the your peers i think thought for the other big part of me is of the advanced countries i think it's really now all demanding a new move of the investors observers savers the world over to our all good ways including the advanced economy to demonstrate that they are sustainable in the

medium and long speaking of advanced economies and sustainability the u.s. for example it's debt now stands at fifteen trillion overall u.s. 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 well first of all i hope very much. new other advanced economy will send signals that would be destabilizing i am very confident that we will not experience again. on the ceiling for the borrowing so of of the united states of america i think their experience as the most creatively was not good but all that being said i think that all countries. it is a good new feature of the globally could be altered including your votes they're going to be have to be able straight they have strategies and they have fiscal

policies that are sustainable in the medium run otherwise they will not inspire confidence so in a way the you where problems are the a.p. center of the larger problem which is you know characterizing all the adverse they could i mean 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 solutions seem so far can you go ahead united as is seen by leaders without the euro with greece possibly having its own currency back because to fix its problems i think that for any country the first best is of course by far have you all the year just not where adjustment is needed in an orderly fashion and the solution which has been filed by the european greece is by far of

course the first best the they could have a powerful tribes that do you think this is the end of greece one thing bailouts and do you first see even more bailouts it would just continue was a cycle again we will see what happens but it's clear. that commitment which has been taken by the greek government. sensitivities as you know because there is there has been national union to to agree on that and the help of the international community as a whole and the help of the european or the sinister me the right an appropriate way to proceed now of course. in that particular country as well as in the year where as well as in europe as a whole as well as in all advanced economy and in my own understanding of the transformation of our planet also in all it could have because of the democracies of the planet where i have to do the job if this is no time for complacency

and nobody should be complacent but it's true for all of us without any exception you can let's not cast a stare at him ashes 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 for an intern issue for all advanced economies correct their project or are you particularly as we gods of their fiscal policies when you have had turn and see to spend more than you are i'm all world would be your little game whatever you do whatever continent you are in whatever category of country you are you have to correct and you cannot continue eternally spend on a new world and this is true for the country as well as for individuals if i may offer firms so again i toast that there is no healing contradiction

between what is called austerity which i would call back to sound policies you know what because when to school austerity very often it is only that instead. of spending much more than you were you spend more than you were and what it is spending a year there where you were so how could you call that austerity if you are that sound policies then you improve confidence by improving confidence you give a chance to growth and job creation i think it is it is a reality and of course it depends on the situation and if a country has not lost any confidence as always behave properly there is no problem for that country of course and as policymakers economists as the financial markets investors as they pull together thinking about confidence and balancing steady and

growth what if he walked down the street and someone comes up to you and says mr actually say i haven't had a job for two years what is what is all this policy making into me as you know those countries that we are own in very prudent way that we are not spending more and more than what they were earning and we're not distributing revenue that god didn't leave and so awful those countries have jobs and the their own employment is diminishing and their initial beginning even in the time of the terrible crash 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 but forget i'm not speaking only of europe i'm speaking of the old world and then at the certain moment you have to correct it is true that it's always difficult it's much more advisable to rhona wise policies probably then nobody is complaining

but if you give a lot of money to anybody and then you tell them i give you too much money i have to take it back then you can surely anybody but to give and get back is something which is. as far as human nature is concerned extreme only difficult game play is a lot of problems and it is more as what we have had the reason why we have to prevent bad policies and monitor all policies permanently in order to avoid to be put in this very difficult situation that about brakes now these think they can deliver what is needed for the global economy to move out of the things that is in now well the brics are precisely those who are going brilliantly over the past year goes creating a new set of extraordinary year buoying you could only 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 you know they have to be the pastor of their old very rapid development so it's a very nice you know each you can cope with oh you're going very very fast how to balance that and they are now we're part of the global community 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. now the bricks are clearly playing a decisive role in this handling of the global economy but i would say they have their own problems again a really personal that we all have to be very careful with question about

you no longer have that during times of crisis to show solidarity with the people now are a lot are paying attention to the high compensation for bankers a time of crisis do you think that should all be slashed. that. this is. normal in all of democracies the level of or i mean you're a should not only in the banking sector but but in general i don't quite see that in the us i would say that in the u.k. we can see that in europe or so and everywhere in the world so we have to reflect on that because there are value you know democracies which are not easily. they may go by by some or all sectors and i think that this has to be transmitted progressively of course we are in market

economies of course market economies have to function but it is very very important that all component of the society are standard that our democracies their value reason these values have to be respected so should it not be slashers should compensations be reviewed the un should goof better understanding by the interested person is them serves the interest of the sector and again i don't want to mention exclusively the car or sector that there are behaviors that are shocking in the perspective of our fellow citizens democracy as a whole this is again where these fundamental alright thank you very much it was a thank you.

there hasn't been anything yet on t.v. . it is to get the maximum political impact. the full source material is worth he journalism on we. we want to visit. something of.

a passenger plane goes down in russia zero is killing thirty one people with a frantic rescue operation pulling a dozen survivors from the wreckage. a group of nations backing regime change in syria thought 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 readies to loosen registration for a new and not so new political factions. and with italians show by austerity the country's affluent pine region of south tirol sees a rise in separatist sentiment. and ends up next with our latest sports news stay with us.

hello there welcome to the sport here not see these are the headlines almost double the norm of the most scary royals locomotive train you see people live their dream of european football. was normal i saw he'd see me just one win away from making the garden cup final at the beijing scarf three one. am i am a rice djokovic plays these terrorists in charge of the time with a straight sets with a band. but first a normal not a silk in his praises team's fighting spirit after that scene away in iowa city rivals lucky it was only their second win in nine games and alexander cochrane opened the scoring with a cork just the poor half time the points were wrapped up at the end say when alexander semin else went down the pucks there and surveys done the same of each

sport from the sports side to victory season or more occupy the last europa league spot in the table they are only three points off a champions league place and just behind them in the legal team got a narrow one zero win over case headings angie this is their first win in five games not much between the sides but it was the home team who struck first just after half time with a martinez winning the battle against mr december to head well and she went all out for equalizing the latter stages through being good enough to hold on. and in the bottom half of the table and power remain unbeaten this year a two no win for them over tara and may have blocked this issue goalkeeper firsthand i have to thank for the first film which came after fifty four minutes nick like the elevator will try to claim it but the assessing how it really should have done a bit better here i tarried with another blunder in the eighty six minutes martin you're an x. headache going the wrong way but again i have again has to take some blame for this

site the final straw i am hitting english premier league tottenham and i level on points with third place arsenal after a three one win. over swanzy on sunday night a late praise from emanuel added by securing spurs the big three white hart lane and any other game a new castle beat a little cool to see say with the goal to bring newcastle level on points for fifth place chelsea magpies boss alan pardew now believes european football next season is a real possibility already small scale cliches left nursing his six leagues defeat in seven games. in his last ten games you said well it's really touching distance that you're open label it's going to go on and we want free free at last ten so seven to go we go to swans a really really good shape and. hopefully we get enough points to get some to europe. carbon some sort of problems that we have. to be ourselves probably going to really be what it was

a change from. maybe three or wins. but the government of the group you believe in those fields and believe we're good and if we do. them are available. while league leaders manchester united have the chance of going five points clear of manchester city this evening the red devils travel to black birds who only added relegation zone from goal difference. and i started on one in our moscow are one victory away from reaching the cage garren cup finals after taking a three zero series lead over scar simply to. watch the latest encounter. scots in petersburg would have had high hopes coming into this season's playoffs and all was going well for the argument but was until the end of the western conference final series denominator which has turned out to be a nightmare for the team from russia's second city that's very last post their

matches at home however the visitors forget also a decent stance they will take leave midway through the second period if they manage to win a faceoff in the phenomena zone might be made harassing turn sent an unstoppable shot which we can examine it is near post however do normal was soon level in his muscle you'll find dimitri vishnevskaya at the far post blue line and finished coolly to restore parity scan one helping their cause by giving away far too many penalty minutes for him so i didn't need the extra man advantage to go to one up would send me a second for it if novak's excellent pass time before your nice in the twenty four year old took apart from the blue line before beating up stephanie. and another would wrap up a flurry deserved three one victory just minutes later and he's in this time time provided on the powerplay as he shot the save a concern team got a call for some time to score and put a result we are any down through when 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 it's going to victory. so dynamic around her place in the finals and choose the they managed to win game four however their players i'm thinking that far ahead of the moments just. thinking about playing in the garden cup finals at the moment we're preparing to get a full just like we have been doing in the previous matches in this series. has been a fairytale series so far for muscovites last chance and petersburg no only victory will do on a first of april they want to keep their hopes alive of recording and. try to. close more action tonight for the eastern conference final regimes in garden front door taking part in that are tied one apiece in their series. novak djokovic has

won the miami mass distress third time the world number one beating andy murray in straight sets six one seven six a merry haven't played for four days after his into his ninety's and did look a little rusty in the first set djokovic pairing an ace to take it six one. of the second set was a bit closer murray finding some sort of form. help with the net here but the search for the tie break which he eventually won joke of each defending then his miami title without losing a single set all tournament and delighted to have got his second title of the year after when the strike united. cup was to me a world. group and try to you know practice and motivate myself for this this tournament which is really important. i wanted to do well i haven't dropped the set. played my best tennis when i need to be more

russia's maria kirilenko and traveled on the women's doubles title of a piece our own ronnie and roberta vinci after winning a deciding tie break russians of the first all country team to win the title since nineteen ninety one when americans mary joe fernandez and zina garrison captured the crowd. go for and has hit form ahead of this week's masters he'll enter the season's first major as the highest ranked american after victory at the houston open he set to move up the fourth in the world rankings after his one straight victory at the red stone cold club megan started the final day t. shirts behind this man south african louis. but despite moments like this he did fade with a three seven. five and cold prednisone and dismay his closest rival moving to within a shot of the lead after making this birdie on the fourth however this week couldn't overhaul you hit a one under par seventy one missed magic chip keeping his nose in front on the sixteenth. and on my last hole wrapped up to victory his

second on the p.g.a. tour this season following his success at the match play championship in february i . feel great. for going super. which. was great. now there's a new winner on the european tour denmark's you were born collison claimed victory at the sicilian open he's only twenty and had to hold off a late charge lead interest would be rid of course of sixty four but the dane kept his nerve to post a sixty nine and that was enough for a one shot victory on fifteen under. in other news media have been has been disqualified from the rally of portugal the finn had won the event but officials have now claimed his car breached regulations it means the frenchman sebastian load is restored at the top of the overall drivers' championship match also

a second in portugal has been upgraded to race winner that also means twenty one year old russian you're getting your vehicle being given second place is first ever the podium spot. and we will end with basketball because in the n.b.a. the best in the west met the best in the east and it was oklahoma city thunder who came out on top in their july with the chicago bulls ninety two seventy eight enough to secure a playoff spot elsewhere danny granger was the star man produced and in their dramatic hundred forty one hundred so you win over the indiana paces we pick up the action in the third quarter here chandler parsons with a three point basket to extend houston's lead to sixty three fifty seven later in the third oh boy kins races to the basket and company makes a layup seconds to spare the rockets lead by ten points at the end of but in the fourth indiana found strength to come back and danny granger hits three pointers to catch that run both things traded free throws to level a contest of ninety three gauge and the game did go to overtime granger to scoring

again blocks past those last seconds three point eight ten victory to indiana and that gives and that game drops into eight in the west and they are on the verge of losing a playoff spot. so that's all the sport for moments we've got more as usual in two hours time as well. culture is that so much a moment taxpayers' money meant to say she's been particular areas of the power in need of social networking such as facebook you tube and twitter is undeniable but are these media themselves becoming. more news today harlan says once again flared up the film these are the images the

world has been seeing from the streets of canada. china corporations are today. wealthy british style sign. of the times. market finiteness come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to the reports.