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tv   [untitled]    April 2, 2012 6:30am-7:00am EDT

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live from moscow this is our tee times you have lights now a passenger plane goes down in russia's western siberia killing thirty one a frantic a rescue operation officials pulling a dozen of survivors out of the wreckage. a group of nations a backing of the regime change in syria are 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 movements that's the government that has to loosen up british gratian for
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a new and not so new political factions. now the unhealthy mix of the euro crisis bailouts and austerity the former head of the european central bank more to say now weighs in on the state of the world's economy. well today we're joined by example of three shay he's the chairman of the group of thirty a panel of a former central bankers 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 especially for joining us today. but first question we like to know you said at the federal reserve a conference very recently that you think we're still in a crisis but your successor maya drive the e.c.b. said that the worst of the euro crisis is over is the worst really over there i was
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alluding to the in my order still you go what happens happened in or seven we have now all structural adaptation of the advanced economy you know over the last thirty five years we had the crises the african craziness we had the formation of of all the socialist part of the world in the market economy. new i would say very powerful economies and we are not observing in the thing in your advanced economy since all seven the advanced economy themselves have to adapt their funding for sector started with the you know the financial turbulence while those and so forth all saw their all in fiscal policies i really trust that it is crazies of the advance they
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could have me and of course the your appeared to have a hole in a difficult deal they have to work on their own governance economy governance well in terms of the euro crisis is this the worst or are we out of the woods at this point i think that we know that it is hard work to do because. what you have to come up 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 courses that are sustainable in the long run in the medium and long run. these two for the your period but it's also true for the other big kind of b.s. of the advanced countries i think it's really now war demanding a new move of the investors observers savers the world over who are all good ways including the advanced economy to demonstrate that they are sustainable in the
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medium and long growth 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 first of all i hope very much the new oil or advanced economy will send signals that would be destabilizing i am very confident that we will not experience again. on the ceiling for the boring sort of of the united states of america i think that the experience as demonstrated 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 could be have to demonstrate that they have strategies and they have fiscal policies that
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are sustainable in the medium run otherwise they will not inspire confidence so in a way the you with their problems are the a.p. center of a larger problem which is you. characterizing all the advanced economy in my all understanding of the situation this is maybe a basic question but it's doing very is right now ever since the crisis seemed to lucian seems so far can't 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 for a new country the first best is of course by far to have just looked when adjustment is needed in an orderly fashion and the solution which has been found by the european greece is by far of course the world's
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best the they could have a perfectly trudge that do you think this is the end of greece one thing bailouts i mean do you first see even more bailouts it just continuous cycle again we will see what happens but it's clear the commitment which has been taken by the greek government and also incidentally is 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 these sinisterly the right and appropriate way to proceed now of course. in that particular country as well as in the year we're here as well as in your present board as well as you all advanced economy by your own understanding of the principle mission of our planet also in all it going to is of the political and democracies of the planet where hands can do the job.
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this is no time for complacency nobody should be complacent but it's true for all of those without any exception you're probably ok let's look at a stair to measures portugal italy greece and spain some say they spend to much rather say a staircase is going to kill them. well things right where is the balance here how do they move forward it's an issue for all advanced economies correct their project early particularly as regards of their fiscal policies and when you have had turn and see to spend more than you were i'm all billion a time or whatever you do whatever continent you are in whatever category of country you are and i have to correct it you cannot continue internally to spend more than you were this is true for our country as well as for individuals if i may offer firms so again a post that there is no healing contradiction between what is called
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austerity which i would call back to sound policies you know but because what is called austerity very often is only that instead of spending much more than you were and you spend more than you were a look at this through spending your idea that what you heard 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 for growth and job creation i think it is it is the reality and of course it depends on the situation if a country 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 investors 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
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says mr sze i haven't had a job for twenty years what is what this all this policy making into me as you know those countries that we are run in a very prudent way and that we are not spending more that more than we were the. we are earning we are not distributing revenue. and so for those countries have jobs the their olympic moment 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 like we did me when you did not behave properly i'm not speaking of any particular country but forget i'm not speaking only of your i'm speaking of the imply world 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 policies permanently then nobody is complaining but if you give
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a lot of money to anybody and then you tell them i give you too much money i have predicted back then you infuriated anybody. to give and get back is something which is as far as human nature is concerned explore all the different then he has a lot of problems and it is more as what we have that was his and why we have to prevent bad policies and monitor policies permanently in order to avoid to be put in these very difficult situation that of our brics now the 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 we are going brilliantly over the past year are creating a new set of extraordinary year boiling economies and i think that the for some of them of course they had also problems in the past i'm
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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 the. i have to be the master of the whole very rapid developments of weeks a very nice you know you use you to cope with her you are going very very fast how do you 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 clearly playing a decisive role in this handling of the global economy but i would say they have their own problem again a really a poster that we all have to be very careful question about you no longer have to
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be simply brats 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. that. this is. you know in all of their more courses the level of or i mean the aeration not only in the banking sector but but in general i don't quite see that in the us i can see that in the u.k. we can see that. in your of course and everywhere in the world so we have to reflect on that because there are value you know democracies which are not easily. if they may go by by some. sectors but i think this has to be transmitted progressively of course we are
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a market economy is of course marketing good news after function but it is very very important that all component of the society understand that our democracy is their values and these values have to be respected so should the it not be sasha's should compensations we've reviewed it rightly and should go off a better understanding by the interested persons themselves and the interests and sector and again i don't mention exclusively the car for sector that there are behaviors that are shocking in the perspective of our fellow citizens as a whole and this is again where this fundamental all right thank you very much it was a thank you.
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chin execution dates and believe me oh just a one to chile execution date is enough for anybody to go through my life and. you know more than fifty percent of the people who are actually in texas are not. like you know you've been known to afterwards write. this especially you know we execute our convicted capital murder we have the highest execution rate in america we're not afraid to do it we do it well this becomes a point we don't becomes. part of a new home. our get a letter your dad is due to be executed next week then as it is scary moment for you to know you can do this here want to be appearing at the in a manner of me saying that states time can go. forward. and i would lead them
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into the to the death chamber. count straight kill them after they were dating. the headlines on r t a passenger plane goes down in russia's western siberia killing thirty one people frantic a rescue operation pulling a dozen survivors out of the wreckage. a group of nations backing regime change in syria believed to have put the rebels on the payroll scrapping fears the syrian people are being ignored over questions about their future. party fever permeates russia's opposition movements the government prepares to loosen up registration for new and not so new political factions. bajor now with the latest world of sport for
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you after a weekend where do you now moscow show on the football pitch and on the ice those details coming up. welcome to the spot where there is plenty to get through and here is a taste of what is coming up on the double denominate moscow rivals locking might see fit to keep alive their dream of european football. even our my psyche team are just one win away from making the current cup final after beating scarf three one. and miami right djokovic trains the sony ericsson title for a third time with a straight sets win over the very. first anonymous showcase still in has praised his team's fighting spirit after their two know when i was city rivals locker it was only their second win in nine games and alexander corkery in open the scoring
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just before half time the points were wrapped up to at the end when alexander simmons of went down in the box and down with similar beach scored from the spot so the two no victory seized in our occupy the last europa league spot in the table me although they are only three points off a champions league place. in the legal rubin who got a narrow one. and gee this is their first win in five games not much between the sides but it was the home side who struck first just after half time with amy martin say winning the battle against christopher sam better head while angie went all out for an equaliser in the latter stages health. and in the bottom half of the table and car remain unbeaten the share a two no win for them over terry and they have the opposition go people soft and kerry if to thank for the fit again because the elevator will try to claim it to be a setting goalie should have done much better. probably could have done much worse
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to be honest but he might feel to you he should have done something a bit more for this. martin you had an egg headed into his own net past the stranded keeper say to. the modern english premier league tottenham and now level on points for third place arsenal after a three one win over swanzy on sunday night late brace from emmanuel alibi or securing spurs the victory at white hart lane and in the other game you can still beat ten man liverpool keeper pepe reina were sent off from the c.c. got the goals to bring newcastle level on points with fifth place chelsea and i poyet magpies boss alan pardew now believes european football next season is a real possibility. his left nursing his six defeat in seven games. these last ten games we said will it's really touching distance that europa league let's give it a go and we want free and free at last said so if seven to go we go to swim the
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really really good show and. hopefully we get enough points to get some to europe. some sort of problems that we have. to give us your spirit when we really want to play and it was a change from. the dictionary or meant. to them . you believe in a serial somebody with a and if we do the level of it of maturity. well the leaders manchester united have the chance to go five points clear of manchester city this evening the red devils travel to blackburn who only act in the relegation zone on goal difference. this catch up with what has been happening and i talk is k h l playoffs where they're now in the moscow is just one victory away from reaching the guarin cup finals after taking a three zero series lead over scarse and i'm watching their latest win. flicked. score some petersburg would have high hopes coming into this season's playoffs and
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all was going well beyond england but was until the end their western conference finals series which did i am which has turned out to be a nightmare for the team from russia's second city as we lost both their matches at home however the visitors will get off to a decent stance they will take the lead midway through the second period as they manage to win a faceoff and acknowledge zone. center an unstoppable shot which we don't xander it is near post however the normal was soon level in his muscle you'll find that he traditionally have steered a far post blue line and finished coolly to restore parity scan weren't helping their cause by giving away far too many penalty minutes for them so i didn't need the extra man advantage to go to one up with seven minutes left and birds who have no banks excellent pass time retail and you see in the twenty four year old took apart from the blue line for beating your cup stepanek. under normal would wrap up
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a furry deserve free one victory just minutes later and he said in this time time provided on the powerplay position was saved because home team got a call for us on how to score and put the results beyond any doubt they were going everyone understood that it would be a very important match especially playing at home and so on plan we were able to put in a great performance and get this vital victory right to deny mcgrath of a place in the finals and choose the. do you manage to win game four however great players on thinking that far ahead of the moments just. thinking about going in the cup finals at the moment we're preparing to go just like we have been doing in the previous matches in this series. there's been a fairy tale series so far from it's all starts in petersburg no only victory will do almost first of april they want to keep their hopes alive of recording made in gharyan cup title. three dancey moscow. and the action continues on monday
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where the ace in conference final regimes in on this calvin garden track top tied at one of pace in that series. tennis novak djokovic has won the mining masters for a time the world number one beating andy murray in straight sets six one seven six three hadn't played for four days are coves into these matches i did look a little rusty in the third set djokovic pairing an ace to take it six one the second set was a bit better for mary he was finding for. now he had the help of the net in this point but the so long into fourth tie break which he eventually won joke of each defending his miami title and without losing a single set all tournament and he's delighted to have got his second title a big year after winning the strain i. took was. turning in their. group and try to you know practice
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a lot of be myself what is this tournament which is extremely important. i wanted to do well i haven't thought this. played my best tennis when i need it and also celebrating the rushes murray kurylenko and many a patrol over who won the women's doubles title. after winning a deciding tie break the russians are the first all country team to win a title since nine hundred ninety one when americans mary j. fernandez and. garrison captured the. first major of the year begins later this week and hunter mahan will be the highest ranked american after victory an open for the masters he said to move up to four from the world rankings are his one stroke victory at the redstone golf club started the final day two shots behind south african louis and seen here but despite moments like this he did fade with a three over par seventy five. is my hand closest rival moving to within
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a short of a lead after making this on the thought. however the swede couldn't over all my own who hit a one under par seventy one missed magic chip keeping his nose in front on the sixteenth. and his par on the last hole. victory his second on the p.g.a. tour this season following his success at the match play championship in february. so. it's. feels great and there's a new winner on the european tour denmark's thought beyond all the sin playing victory at the sicilian open and he's only twenty two and had to hold off a light late charge from england's chris wood who had a course record sixty four but the day is near the post the sixty nine and that was enough for a one shot victory on fifteen under. and another news maker have been in has been
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disqualified from the rally of portugal the thin had won the event but officials have now claimed his car breached regulations and it means french and sebastian know that it is restored at the top of the overall drivers' championship. he came second in portugal has been upgraded to race winner and also means twenty one year old russian give getting navi caught has been given second place his first ever spot. we will end it with basketball because india. n.b.a. the best and the west met the best in the east and it was oklahoma city thunder who came out on top in a jew with the chicago bulls ninety two seventy eight the final score and nuff to secure a playoff spot but elsewhere danny granger was the star of hoofs in a dramatic hundred four point two one hundred two win over the indiana pacers will pick up the action in the third quarter chandler parsons the three point basket to extend who stands least sixty three fifty seven later in the third boykins races to
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the basket and company come to be makes a layup there with two seconds to spare the rockets lead by ten points at the end of the third but in the fourth indiana found strength to come back then he granger hit three pointers to catch that run both teams traded free throws to level the contest at ninety three and that forced the game to overtime granger the scoring again blocked passes last seconds three point attempts to give the victory to indiana and that game drops east into the west and they are now on the verge of losing a playoff spot. so that's all the sport for moment play will be here through the rest of the day to keep you updated. so. is.
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culture is that so much a moment x. there is a money losing streak in a lot of people at the hour in need of social networking such as facebook you tube and twitter is undeniable but are these media themselves becoming the.
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