we did twenty four hours a day this is r t live in moscow top stories this a plane crash in russia's western siberia kills thirty one on board after the aircraft went down just minutes following take people survive the accident possibly thanks to be protected emergency landing technical failure will build up of ice on the french italian made aircraft among the main courses being investigated. the international envoy to syria tells the un security council damascus has agreed to an april tenth deadline to stop the violence that's as the friends of syria group

that reportedly decided to fund opposition fighters is criticised by russia for undermining un backed peace efforts. in the much anticipated reform loosening up registration for political parties in russia a controversial response position leaders fear the legislation prompted by massive protests into many factions bidding for power. but up next as i promised a little earlier the unhealthy makes of the euro crisis bailouts and austerity the former head of the european central bank joint for trisha weighs in on the state of the world's economy. well today we're joined by a truck load see 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 leading the post in a poll last year thanks very much i'm essentially for joining us today it's a pleasure to 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 mario draghi of the e.c.b. said that the worst of the euro crisis is over is the worst really over i was alluding to the good in my order sturdy you go what happens happened. over and we have now. structural issue of the advanced economy you know over the last thirty five years we had really crazies the african crazies we had the transformation of of all the socialist part of the world in the market economy. new world i would say very powerful economies and we are not observing in the thing in your advanced economy since all seven of the

advance they could live with themselves have to adapt their final four sector gets started with the you know the fall for turbulence. and so forth and also all of the award fiscal policies i really across that it is a global crises of the advance they could have me and of course the your beard have they all had a different theory they 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 our work to do because. what you have to come appear in is form all countries capacity including those who are in great difficulty who get most when they have fiscal policies and legally policies in general but pretty policies that are sustainable in the long run in the bigger will not grow but that is true for the your peers i think thought for the other big

beings 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 all countries including your vertical need to demonstrate that they are sustainable in the medium and long run 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 the sustainable but first of all i hope very much that the new other advanced economy will same 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 as there was treated it was not good but all that being said i think that all countries. it is again oh new feature of the global economy all countries including your vertical that we have today must read that they have strategies and they have is called policies that are sustainable in the medium run otherwise they will not inspire confidence so in a way the. problems are the eighty center of the larger problem which is you. characterizing all the advanced economy in my all an astounding 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 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 to have you know all the you just want when adjustment is needed in an orderly fashion and the solution which has been filed by the european greece is by far of course the world's best they could have a powerful tribes that you think this is the end of greece wanting bailouts i mean do you first see even more bailouts of what is continuous cycle again we will see what happens but it's clear that there's a commitment which has been taken by the greek government. sensitivities as you know because there is a very there has been national union to agree on that and the help of the international community as a whole and the help of the your parent or this seems to me 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 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 of the predator and democracies of the planet where i have computer job. this is no time for complacency and nobody should be complacent but it's true for all of those without any exception. ok let's look at a stereotype measures portugal italy greece and spain some say they stand to much either say a staircase 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 only particularly as we gods and their fiscal policies and when you have had ten and see to spend more than you. all the. time or whatever you

do whatever continent you are in whatever category of country you are and i have to correct you cannot continue eternally to spend more than you were on this is true for the country as well as for individuals you may or for forms so again a post that there is no he left a contradiction between what is called austerity which i would call back to sound policies you know what because what is called austerity very often is only that instead of spending much more than you were you spend more well then you are and look at this through spending your idea that what you heard so how could you call that austerity if you are bad and you 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 and if a country has not lost any confidence as always behave properly there is no problem for that country of course but for as sponsor makers as economies 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 says mr cliche i haven't had a job for two years what is what does all this policymaking mean to 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. we are earning we are not distributing revenue. and so forth those countries have jobs and the their own employment is diminishing and they're initiating and diminishing even in the time of a terrible crime what do we do with those that don't like spain with me 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 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 run your wise policy is permanently 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 to give and get back is something which is as far as human nature is concerned explore all the different then clears a lot of road and it is more as what we have now the reason why we have to prevent bad policies and monitor policies permanently in order to avoid to be put in this very difficult situation that 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 who have we are going brilliantly over the past years are creating a new set of extraordinarily boiling economies and i think that they feel 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 their would very rapid development so it's a very nice you know 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 economy 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 or running of the global economy. now 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 personal that we all have to be very careful with question about you no longer have the facts 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 all democracies the level of revenue ration not only in the banking sector but in general i could see that in the us it could 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 were made by you by some. sectors. i think that this has to be transmitted progressively of course we are a market economy is of course welcome news after function but it is very very important that all component of the society are standard that our democracy is their values and these values have to be respected so should it not be slashes should compensations move us the un should groove better understanding by the interested persons themselves and the interest of sector and again i don't to mention exclusively the far shore sector that there are behaviors

that are shocking in the perspective of europe of fellow citizens as a whole and this is again where this problem over all right thank you very much it was a thank you. question is that so much of the taxpayers' money mentoring is a chemise even a lot of people are hearing the power and reach of social networking such as facebook you tube and twitter is undeniable but are these media themselves becoming . wealthy british style sign some time to.

market. why no one should really happening to the global economy with much stronger or a no holds barred look at the global financial headlines tune in to cause a report on our. top stories this hour naughtie a plane crash in russia's western siberia kills thirty one on board the aircraft went down just minutes following takeoff twelve people survived the accident possibly thanks to the attempted emergency landing technical failure or buildup of ice on the french italian made aircraft are among the main causes being investigated. the international envoy to syria tells the un security council damascus has agreed to pull the tenth deadline to stop violence that's as the friends of syria group before he decided to fund opposition fighters is criticised by russia and the mining u.n. concerts. and the much anticipated reform loosening up registration for political

parties here in russia a controversial response some opposition leaders fear the legislation prompted by mass protests will result in too many factions for power. or their stories with me in fifteen minutes from now in the meantime the sports news is next with kate. i don't want to be monday night school round up which will take part of the headlines. top dog at manchester united i aim to go five points clear at the top of the english premier league with victory at starting but. while the goal victory do not go for the way to nowhere as moscow rivals luck on the team to boost their dreams of european football. plus authorize i'm going to take a two one lead in the best of seven series against the playoffs of the k h l. and

miami strifes novak djokovic claims the sony ericsson title for a third time with a straight set when i look. for let's kick off this court all and manchester united could go five points clear at the top of the english premier league if they win it got burned this monday night well the red devils are looking to capitalize on second place manchester city's three three draw with sunderland on saturday the reverse true or false from bottom to stand united three two in the reverse if you are told that on new year's eve and are aiming for a surprise double good for something champions meanwhile on sunday emmanuel out of i was late and move level on points from third place arsenal after a three one win to find just one zings spurs also have a goal difference of just one behind the north london rivals while newcastle want to know at times you tend not lovable to seriously scored an h.r. already passed by raina was sent off in the dying minutes when moved them on paes level on points with fifth place chelsea playing european football little calls

live defeat with their six in seven games next season eight and sixteen points of a champions league spot. last thing that will it's charging decisions that you openly it's going to go free and free at last. seven to go we go to swim really really didn't show. and hopefully we get enough points to get some see your trading card and trace sort of the problems that we have of. sales right when we really wanted to play and it was a change when. he actually opens. to them. good to believe in which direction believe the little. bit which is really. in the meantime ukraine could miss goalkeeper andrei they come for this summer's european championships not that he sustained concussion and multiple facial fractures in saturday's two hind feet is

a nice the thirty four year old is set to undergo surgery after being accidentally hit by a strike alexander closure cough or saving a shot early in the second half the keeper played on only to concede a penalty to closure coughed ten minutes later before asking to be replaced ukraine will jointly host you at twenty twelve with poland and already this third choice goalkeeper alexander doping down. meanwhile deny moscow coach service still raised his team's fighting spirit they want to know that not much even sunday's dog the victory was only going on the second in line against alexander kerkorian open just before half time and the points were confirmed lights on when alexander so get off went down in the box and there's the mystery of each school the penalty to not rise to false just a point behind the place lock zero and only three of the champions league place. for me while rubin one one militant who sittings angie to lead from their opponents into six victory was the home side's first in five games and after a tight first half because one side struck in the second over tommy martins winning

the battle against christopher somber. and went all out for equaliser rybin health and stay in one thousand eight hundred police place. you want to say the focus returns to the champions league and reigning champions barcelona could be without playmaker shabby for the return leg of their quarterfinal double header against ac milan reports in spain train the thirty two year old would feel that is hit by muscular problems well the side played out a meal they'll draw in last week's first leg at the sound zero so i score draw athan it can't just put me on internal thoughts while in the other quarter final in full by. really enjoy the comfort of two way goals going into the home leg of that i guess most like the german giants have won seven of their last games in all competitions but their coach who painkiller is going to have our say pain from to nail down to be german league leaders st two in the group stages and has promised to field his strongest line up our environment fielder bastian schweinsteiger the

suspended lion are looking to stay on course trouble of titles registry points behind the six games to go. and face the same flop in next month's cup final. abogado edged regular season when a stock to one mill to two on late in the last of seven series in the playoffs semifinals in the cold chill of a god were without work arounds heading for the postseason runs leader but i didn't need him as a felon in struck soon after the first use of all his goals i think all the defense and not just to get out and guard overall seriously was sunday and i was i moved in with one victory of reaching the finals after taking a three wheel series they said discussing petersburg and watching their latest research example to. score some petersburg would have high hopes coming into this season's playoffs and all was going well beyond the men but was until the end to the western conference finals series with denominator which has turned out to be

a mite map of the team from russia's second city its very last both a mattress at home however the districts will get off to a decent stant they will take the lead midway through the second period as they managed to win a faceoff and acknowledge zone. sense an unstoppable shot which we don't examine the yeomen good is near post where the denominator soon level he's not so you'll find dimitri vishnevskaya at the far post the blue line to finish clearly to restore parity a strong one helping their cause by giving away far too many penalty minutes to him so i didn't need it for my own advantage due to one up of seven minutes rectum heard he had no bites excellent pass time before your nice in a twenty four year old took a shot from the blueline a field beating up of seven eight. hundred number would run part of four reserve three one victory just minutes later and he said in this time trying to find it on the powerplay to shut the save the constantine got

a call from one hand to school and put results beyond any don't do with your mask everyone understood that it would be a very important much especially playing at home and so i'm glad we were able to put in. great performance and it was going to victory with a much to do none of them rattled a place in the finals and choose the three man i should win game. however very players i'm thinking that far ahead of the moments just a bit on pushing of course but we're not even thinking about playing 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 fairytale series so far from moscow it's all starts from petersburg no only big tribute to all of her grades they want to keep their hopes alive recalling a need in their current job title which a bumpy three dancey match. then on status now i am standing champion like that djokovic has won the miami masters title for a third time after the world number one andy nori in straight sets from ari hadn't

played for four days off the hook overs in two of his matches hitting a semi final i think rafael nadal was struggling with a left knee injury and the briton looked a little rusty in the first set which powering in a nice to take it six one while the second was much closer with murray finding his form the surgeon found armed to force a tie break which eventually won which defending his miami crown without dropping a single set so at the tournament and things delighted to have changed his second title as here after winning the australian open in january. tough laws in india well sir good turn in their. group and try to you know practice a lot of me myself for this this tournament which is extremely important. i want to do well i haven't dropped the set. played my best tennis when i needed it. moving on to golf now and hunt and i am will be the highest ranked american going into

this week's masters the first major of the year after victory at the who survived when he was twenty nine year old moved up to fourth in the world finds to the one shot when they have started the final day two strokes behind luiz seen here but despite moments like this the south african faded with a three over par seventy five. card patterson emerged as my hands closest rival moving to within a shot of the lead after making this birdie on the fourth however the swede couldn't overall may have hit a one under seventy one is magic chip kept his nose in front on the sixteenth and his part on 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. after a great. friendship. it's a chance to share. and there's also

a new window on the european tour denmark's story on olsen claiming victory at the sicilian open the twenty two year old held off a late charge for england's chris would it of course record of sixty four acts the young dame kept his nerve to post a round of sixty nine which was enough for a one shot victory on fifteen under. finally the motor sports and drive that you have been a noble cause has created history at the rally of portugal by becoming the first russian to capture a place on the podium of the world really traveling ship under twenty one year old is also the youngest ever driver to finish in the top three on the course the weight of some second place in the provisional government was disqualified official saying the fins car breached regulations of that judgment means a time defending champion sebastian is restored at the top of the overall drivers' championship norwegian cost burger king of southern portugal has been upgraded to place with one. and that's all the sport receiving and he will be back with you in

the morning but until then. old. technology innovation is development subtle rush we've got the future.

that's.