you should hear the headlines a plane crash in russia is a western siberia killed thirty one after the aircraft went down just minutes following takeoff twelve did survive the accident possibly thanks to the attempted emergency landing technical failure on the french italian made after off looks to be the likely cause of the crash. the international envoy to syria kofi annan is due to report on the progress of his peace plan the friends of syria group that

reportedly decided to fund the opposition fighters criticized by russia for undermining peace efforts. on the much anticipated reform loosening up registration for political parties and of russia controversial response some opposition leaders fear the legislation prompted by mass protests that will result in too many factions fighting for power. brought up next here on r t the unhealthy mix of the euro crisis of bailouts and austerity the former head of the european central bank. weighs in on the state of the world's 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 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 so mr xi for joining us today. but 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 but 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 my all understanding go what happened happened in or seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had little america crises the african craziness we had the prince 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 anything in new advanced economy since all seven of the

advanced economies themselves have to adapt their final four sector and it started with the you know the financial turbulence lehman brothers and so forth and also all the award fiscal policies i really tries that it is a global crises of your advanced economy and of course the your period have their whole difficulty and have to work on the old governance economy governance well terms of the euro crisis is the worst over 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 do a play in 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 a big human on the run but there are these two for the your period but he thought

so too for the other big economies of the advanced countries i think it's really now we're demanding a new move of the investors observers savers the world over to our poor good at least including you. to demonstrate that they are sustainable in the medium and long run 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 that the new oil or advanced economy will say and signals that would be destabilizing i am very confident that we will not experience again. on the ceiling for the growing so of of the united states of america i think that

the experience has 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 kind of you have to demonstrate that 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 with your problems are the center of the larger problem which is you. characterizing all of the advanced economy in by all of the studying of the situation this is maybe a basic question but it's being raised right now ever since the crisis seemed to lucian seem so far can you are a go ahead united as seen by leaders without the euro with greece possibly having

its own currency back just to fix its problem i think for any country the first best is of course by far the have you know we're just not where an adjustment is needed in an orderly fashion and a loose allusion to each has been filed by the european on greece is by far of course the world's best they could have a profoundly approach that do you think this is the end of greece one thing bailouts i mean do you first see even more be a lot of just continue was a cycle again we will see what happens but it's clear that the 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 or this seems to be the right and appropriate way to proceed now of course. in that particular place as well as in the year we're

here as well as in europe as a whole as well as in all advanced economy and in my own understanding of the principal mission of our planet also in all it going to is of the planet but 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 in britain ok let's look at the stair to measures portugal italy greece and spain some say they spend too much others say a staircase going to kill them. well that's right where is the balance here how do they move forward it's an issue for all advanced economies to correct their project particularly as regards of their fiscal policies when you have had ten and see spain more than you. or world

a long period of time whatever you do in whatever continent you are in whatever category of country you are you have to correct that you cannot continue economically to spend more than you were and this is true for the country as well as for individuals or for firms so again a cost that there is no. contradiction between well at least called austerity which i would call back to sound policies. but because what is called austerity very often is only that instead of spending much more than you were and you spend more although you were a look at this through spending a year 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 it is the reality and of course

it depends on the situation even country has not lost any confidence as always behave properly there is no problem for that country of course if as policymakers as economists as the financial markets investors as they pull together thinking about confidence and balancing steady and growth what does he want down the street and someone comes up to you and says mr cliché i haven't had a job for ten years what is what is all this policy making into me as you know those conferees that we run in very prudent way that we are not spending more that more than what the. we are earning we are not distributing revenue abundantly and so for us all school 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 like with 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 entire 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 rhona wise policy is permanently then nobody's complaining but if you give a lot of money to anybody and then you tell them and i give you too much money you have to take it back then you insuring it anybody. to give and get back is something which is as well as human nature is concerned explore all the difficult and here's a lot of problems and it is more as what we have that the reason 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 where the brits are precisely those who are who we are going brilliantly over the past years are creating a new set of extraordinary bodying here economies and i think that the for some of them of course he had also problems in the past i'm speaking of russia speaking of brazil. and 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 they have to be the better of the old very rapid development so it's a very nice you know ease you to cope with her you are going very very fast how to manage that and they are now we're part of the globally commuter decisive part of the global economy they are part of the global governance and member of the g

twenty there is no such thing as a small group of advanced economy running the global economy. no the bricks are playing playing a decisive role in this handling of the global economy but i would say they have the old problem again they really are that we all can be very careful with the question about you no longer have the same 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 you think that'll be slashed. this is particular you know in all all democracies the leverage over right when you're ration not only in the banking sector. but in general i don't could 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 you know democracies which are not easy. they made by you by some. sectors and i think that this has to be transmitted progressively of course we are in market economies of course not any good news have to function but it is very very important that all component of the society. that in our democracies their values and these values have to be respected so should it not be slashdot's for compensations we've reviewed the un should go off we're a better understanding by the interest of persons themselves and the interest of the sector and again i don't mention exclusively the four sector that they are

behavior as. shocking in the perspective of europe of fellow citizens of democracy as a whole and this is again where these fundamental all right thank you very much it was of this thank you.

the headlines on our t.v. a plane crash in russia's western siberia kills thirty one of the aircraft went down just minutes following takeoff twelve people did survive the accident possibly thanks to the attempted emergency landing technical failure on the french italian made aircraft looks to be the likely cause of the crash. the international envoy to syria. to report on the progress of the peace plan the friends of syria group the reportedly decided to fund. is it criticized by russia undermining u.n. back. the much anticipated reform of loosening up the registration for political

parties in russia controversial response some official leaders fear that legislation prompted by mass protests will result in too many factions bidding for power. with kate. thank you for joining me for the latest false choice. part time after they now are taking command of their semifinals against scott allen gold go head to head with a game that yes that's in the playoffs. while capital victory the nano go forth with a team in a way that lost their rivals not the mighty to boost their dreams of european football. and miami for life no longer which claims the sony ericsson title race third time with a straight set win over andy murray. oh thought well i was tennis to come but first

why sulky where i haven't gone without profit forward. as they take on regular season when a strike so in the playoffs won't have the most top top line goals and seven assists which is more than any other player so far this season but the track is sitting on the same no reasons why i have been on the rails well this best of seven series is even a poised one minute piece and he still goes after the areas for me while on sunday i'm also moved to within one victory of reaching the finals after taking a three nil series late as the skulls and petersburg times watching their latest win the switch from hopefully to. score some petersburg would have high hopes coming into this season's playoffs and always going well beyond him and that was until the end to get western conference finals series with the nominee which turned out to be a mind made up of the team from russia's second city its very last good play matches at home however the district will get on to

a decent stunt they will take the lead midway for a second period was very much wanted for you softened acknowledged by the made. sense unstoppable shots which we don't exonerate a young guy just near post code. denominator soon level he's muscle you'll find dimitri vishnevskaya the far post the blue line a finish clearly to restore parity strong one helping to caused by giving away far too many penalty minutes. inside didn't need the extra man advantage to go to one up and send in a second bird if no bites excellent pass time before your nice in twenty four year old apart from the blue line before beating up of seven eight. hundred number would run out of four reserve free one victory just minutes later and he's in this time chamber behind on the powerplay to shut the saved becomes and team got a call for it on how to score and put the result we are in need down there were no because when you lost 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 is vital victory much to deny mcgrath of a place in the finals and choose the if they managed to win game four however their players on thinking that far ahead of the moments just. we don't even thinking about playing in the garden cup finals at the moment so we're preparing the game just like we have been doing in the previous matches in this series. has been a fairytale series so far for muscovites all stars in petersburg no only victory will do all of it of april they want to keep their hopes alive a recording i made in the garden cup title richard three dancey moscow. moving on to football now and then i must go coach said ok so go house praised his team's fighting spirit after they went fourth retinal dela they went rivals off and not safe while the train was old honest second in the mind games that is on the cup

or in the us it is just before half time. and once again fenway sun will alexander sunyata went down in the box and says that the sum of each score from the penalty spot until they actually season am i rise to four. just a point behind me state just three of the champions league place. while meanwhile revealing one one now it's time to do sitting and g. to me program opponents into six victory was the home side first in five games and the titans taf that is one side struck early in the second obafemi martins winning the battle in spite of a son back to head home. and went all out for an equaliser that rubin health and stay in the hunt for the lights. and in the bottom half of the table hard remain unbeaten this year after winning two know at times it's iraq was a position pulled out and i have to cite the first goal of the game after fifty

four minutes nicola i live it will claim it but you're certain people should have done rather much better and we want to feel the same about the second as well martin even like headed into his own net cost the standing goalie. the means to go to know was the finest school. in the english premier league top move level on points with third place arsenal after a three one win at home just one city they later praise from emmanuel adebayor on the security spares victory as they move to within one goal difference of playing north london rivals while newcastle want to know what it's time to ten one liverpool papiss cisse a sporting h.r. for keeper a rain over sent off the reds in the dying minutes will move them my five level on points with this place chelsea a lot in manager apology a chance to dream about european football next season political manager kenny dalglish was left nothing to six league defeat in seven games which sees a red states and sixteen points of the champions league spot. in the last ten games

we said well it's touching distance that you open label it's going to go free free at last sent the seventh you know we go to swans a really really good shape and. hopefully we get the points to get us into your trading carbon. thanks for the programs that we have to get ourselves by the way but we want to play it was a change from. the way they actually opens. the. group you believe in was jewish and believed and if. there were a bit of maturity. well meanwhile much tonight it could go five points clear at the top if they win a lot and this monday night the red devils put up little ice on second place to match the city's dramatic three three draw with sunderland on saturday while rosaries who are fourth from bottom stand united three two in the reverse picture

at all trafford was new year's eve. moving on to tennis and defending champion novak djokovic has won the miami masters title for a third time after the world number one andy murray in straight sets omari haven't played for four days arthur who is in two of his matches including a semi final against ruff on a dolphin struggling with a left knee injury and the briton looked a little rusty in the first set djokovic powering in an ace to take it six one the second one was much closer with murray finding his form but hung on to force the tiebreaker which he eventually won defending his miami crown without dropping a single set throughout the tournament and he was delighted to have changed his fucking title of the year and with the strain open in january. tough laws in india well sir richard in their. group tried to. write this a lot of the most of produce this tournament which is really important. i wanted to

do well i haven't dropped the so. played my best tennis when i needed it for me my russian fear of maria kirilenko and not at all about how one of the women's doubles title in miami they beat the italian pair of sorry irani who was the big sheet on the ceiling thank you slice of try break the russians are the first all country team to win a title since nineteen ninety one when americans marriage a phenomenas zina garrison captured the crowd. and hudson i have will be the highest ranked american going into this week's masters this. the first major of the year after victory at the houston open well the twenty nine year old moved up to fourth in the world i am still the one shot when they have started the final day two strokes behind loose postseason same here but despite moments like this the south african faded with a street over par seventy five. patterson emerged as my hands closest rival moving to within

a short of the lead after making this birdie on the fourth however the swede couldn't open all mayhem who hate page one hundred seventy one this magic chip on his nose in front on the sixteenth. and his part in the last wrapped up victory it was his second on the p.g.a. tour this season following his success at the world match play championship in february. so it's a chance to shine. and there's a new window on the european tour at denmark's i thought you are also only claiming victory this is silly and i mean he's only twenty two and in france to hold off a late charge for england's chris would he get a course record of sixty four that's the dane kept his nerve to post sixty nine and that was enough for a one shot victory on fifteen under. but a sports knowing you have been in awe of the course created history at the rally of

portugal by becoming the first russian to capture a podium place in the world championship the twenty one year old is also the youngest driver to finish in the top three not a god was actually quoted to second place vision or when heard was disqualified official saying the finns car breached regulations that means a time defending champion sebastian france is restored top of the overall drivers' championship while norwegian mats must work on something and has been upgraded to the race when the. and anita basketball where the oklahoma city thunder secured a playoff spot with a ninety two seventy eight victory over the chicago bulls while elsewhere danny granger led the indiana pacers to a dramatic one hundred forty one hundred into overtime win of the houston rockets while we pick up the action in the third quarter chandler parsons with a three pointer to extend these sixty three to fifty seven and later in the third

oh boykins race to the basket to super left with just two seconds left but the rockets lead by ten points at the end of the surge but in the fourth indiana found the strength to come back granger hitting a three pointer you can't run both teams traded free shots to free throws and three little contest and one hundred three ninety three and the game then went into overtime like granger was on you can get a box complots passes last comes three point two times if indiana go to three you still stick to eights in the west and they're on the verge of losing their playoff spot. and that's all the sports news but. the truth is that so much of it is limited to treat people as the power of social networking such as facebook you tube and twitter is undeniable but are these media themselves becoming.