tv [untitled] April 2, 2012 2:30pm-3:00pm EDT
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well. it's technology innovation all the least of melanin still around russia we've got the future coverage. we've had with the city just joins a very well not a lot here in moscow top stories about plane crash in russia in siberia kills thirty one on board after the aircraft went down just minutes following takeoff people survived the accident possibly thanks to the attempted emergency landing a technical failure or a buildup 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 start implementing
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a ceasefire from april the tenth that's the friends of syria group reportedly on the probable position part is criticized by russia for undermining you went back to peace efforts. and the much anticipated reform registration for political parties in russia a controversial response from the position leaders fear the legislation prompted by mass protests will result in too many factions bidding for power. with the summary of those stories for in about fifteen minutes from now meantime the unhealthy makes of the euro crisis bailouts and austerity the former head of the european central bank. weighs in on the state of the world's economy in our exclusive interview. well today we're joined by example 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
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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 to mr trichet 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 meyer draggy of the e.c.b. said that the worst of the euro crisis is over is the worst really over i was alluding to in my all understanding you know what happened happened in all seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had. 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
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we were not observing anything in your advanced economy since also have only advanced economies themselves have to adapt their founder for sector started with the you know the financial turbulence. and so forth and also all the all the fiscal policies i really trust that it is a global crisis of the advanced they could have me and of course the your period have they hold a difficulty and they have to work on the old governance economy governance well in terms of the euro crisis is the worst over are we out of the woods separates point i think that we know it is hard work to do because. what you have to do obtain 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
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long run but that is true for the your period but he thought so too for the other big economies of the advanced countries i think it's really now demanding a new move of the investors' observers savers the world over to our good ways including the advanced economy 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 this sustainable well first of all i hope very much the new other advance they could and we send signals that would be destabilizing i am very confident that we will not experience again. on the
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ceiling or for the boring sort of of the united states of america i think that the experience as demonstrated by it was not good but all that being said i think that all countries. it is again a new feature of the globe where you could have all countries including you advance they're going to be have to give mostly they have strategies and they have fiscal policies that are sustainable in the bigger brugge otherwise they will not inspire confidence so in a way the you with the problems are the center of the larger problem which is you. characterizing all the advanced economy in my all of the studying of the situation this is maybe a basic question but it's being raised right now ever since the crisis it seemed that solutions seem so far canada or go ahead united as is seen by leaders without
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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 they have a lot of the year just not where adjustment is needed in an orderly fashion and the solution which has been found by the european greece is by far of course the first best that they could have a portfolio approach that if you think this is the end of greece wanting bailouts i mean do you first see even more be allotted or just continue as a cycle again we will see what happens but it's clear that the commitment which has been 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
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community as a whole and the help of the european 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 with 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 is of the political aisle democracies of the planet where have to do the job then this is no time for complacency and nobody should be complacent but it's true for all of those with the exception. ok let's look at a stair to measures portugal italy greece and spain some say they spend too much others say sturton is going to kill them. well who's right where is the balance here how do they go forward it's an issue for all the diverse economy to correct their project only particularly as regards some of their fiscal policies when you
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have had turn and see to spend more than you were on all world a long period of time 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 and this is true for country as well as for individuals if a very awful for us so again a toast that there is no healing contradiction between what is called austerity which i would call back sound policies but because what is called austerity very often is only that instead of spending much more there you were you spend only northern you were a look at this spending what you were so how could you call that austerity if you are back to sound policies then you import confidence and by improving confidence
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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 if a call tree has not lost any confidence has always been here property there is no problem for that company of course but for as policymakers as economists as the financial markets investors as they pull together thinking about confidence and balancing austerity 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 ten years what is what is all this policy making into me as you know those countries that we are run in very prudent way and that we are not spending more that more than what the. we are earning we are not distributing revenue as a ball in cleveland so for those countries have jobs and the their own employment is diminishing and diminishing and they're inching even in the time of
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a terrible crash what do we do with those that don't like spain and i mean well you did not behave properly i'm not speaking of any particular country that forget i'm not speaking only of europe i'm speaking of the entire world then at the certain moment you have to correct and it is true that it's always difficult it's much more advisable to run your wife's policies permanently then nobody is complaining but if you give a lot of money to anybody and then you tell them oh 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 it's only difficult then clears a lot of problems and it is more as what we have the reason why we have to prevent bad policies and monitor all policies permanently in order to avoid to be put in
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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 phase it is in now where the brics are precisely those who have wilco going brilliantly over the past years are creating a new set of extraordinary buoying the economy is 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. i have to be the best or of the i would very rapid development so it's a very nice you know each you to cope with her you are going very very fast as to how to manage that and they are now part of the globally commuter decisive part of
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the global economy they are part of the global governance and a member of the g twenty there is no such thing as a small group of advanced economy running of the global economy. now the brits are really playing a decisive role in this handling of the global economy but i would say they have their own problem and again they really that we all have to be very careful with question about you know longer ahead of you but during times of crisis to show solidarity with the people now are a lot are paying attention to the high compensation for bankers at time of crisis do you think that should all be slashed. that. this is. you in all of democracies the leverage over or administration not only in the banking sector. but in general they could see that in the us i can see that in the
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u.k. you can see that in your tool for so and everywhere in the world so we have to reflect on that because there are valuable resource and you know democracies which are not easy in the. studio they made by by some. sectors and i think that this has to be transmitted progressive 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 democracy is their values and these values have to be respected so should it not be slashed compensations we've reviewed i think one should group who are better understanding by the interest of persons themselves and the interest of the sector
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this is r t come july from the russian capital the location of our developing story this hour the story scraper to become the tallest in europe is zero four no injuries have been reported so far and for the. artes to try to tell us what can you see from where you are. while at the moment will we see that one of the towers right here if you see on your screen on my left is actually on fire now it started off as just black smoke which ask elated to what it is right now due to the
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high winds that we're experiencing right now now emergency services have been trying to get to this location there's been traffic problems as even getting has been a bit of a problem but the so-called we know that he just emergency services this year as well as x x emergency services from helicopters trying to get water from the muster river jackie trying to extinguish and that's that fire that's going on authorities tell us that they do want to control the fire because the building is still under construction so it's very important that they control the fire at the lower. meant particularly because of the winds that we spirit see now like as you said in the beginning that it is the one of the towers that's a place to make up to five hundred sixty meter tower one of the tallest skyscraper in the world when it's completed and it has so far caught fire we don't know what actually what was the reason behind the fire is what we do know that he could be a heating system that could have gone wrong we're still waiting for more
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information from the area at the moment is actually called on to ask you regular people as well as media as emergency services are just trying to get in there to try to take control of their building at the moment bill good morning thanks very much indeed for that live update from course we'll keep you up to date with that story when i return with our full update with a woman news in fifteen minutes from now in the meantime sports news with kate is next. hello welcome to the final mondays for round up all your top stories. top dog advanced united and to go five points clear at the top of the english premier league with a victory at struggling but. while the big three treble hunting by an unique victory against marsay as the german giants take a cheerleader to the second leg of their champions league quarter final. advantage
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out of god the hawks dismantled so with a single goal to take it to our lead in their best of seven series in the playoffs semifinals of the k h l. let's kick off with four core and manchester united could go five points clear at the top of the english premier league if they win a lot on this monday night the red devils are looking to capitalize on second place manchester city's streets preview always sunderland on saturday the rovers who are false forgotten stand united treats you in the reverse picture that's old trafford on new year's eve and are aiming for a surprise double over the defending champions kick off in about ten minutes time. while on sunday emmanuel out of i was late gray's tell tottenham move level on points with third place arsenal after a three one win it just forms a spurs also have a goal difference of just one behind the north london rivals newcastle want to know it's time to ten the liverpool prophecies say scored in each half before gretzky broke up a rain it was sent off in the dying minutes the winner moves the magpies level on
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points with a chelsea as they are in the european football coach little league defeat was their sixth in seven games which season eight and sixteen points off the champions league spot. these last ten games you said well it's really touching distance that you wrote it's going to go free and free at last june so seven to go you go to someone's really really good choice. and hopefully we get enough points to get us into europe trying to make carbon some sort of problems that we have of the yourselves like i'm not really really what it claimed it was a famous woman. with a big tree or limbs and. but to see them. would you believe mr ocean believe that if we do that the moon or a bill which really. means on ukraine couldn't score he got under a dick under this summer's european championships after he sustained concussion and
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multiple facial fractures in saturday's two one hundred feet is a nice the thirty four year old is set to undergo surgery after being accidentally hit by striker alexander because our saving a shot early in the second half the keeper played oh no only to concede a penalty. ten minutes later for asking to be replaced ukraine will jointly host euro twenty twelve with poland and the readiness third choice goalkeeper alexander for doping ban for me was in a moscow coach that is still in praise his team's fighting spirit after they want to not look for motif in sunday's dalby the victory was only when i was sick and in nine games i was on the record open just before half time and the boys were confirmed late on xander so i made off went down in the box and says that this is a bitch school the penalty did i rise to falls just a point behind third place lock zero and only three of the champions league place. for me are being one one militant off who sings and he to leave for their opponents into six the victory was the home side's first in five games and after
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a tight first half because one side struck early in the second over from the martins winning the battle against christopher samba to head home and while angie went all out for an equaliser rubin held firm and stay in the hunt for a rape or the place he was on tuesday the focus returns to the champions league and reigning champions caseloads could be without playmaker shafi for the return leg of their quarter final against ac milan reports in spain famed the thirty two year old midfielder is hit by muscular problems the size played as a real nail drawer in last week's first leg of the sun sera so a score draw at the new county would put milan through to the last four. while in the other quarterfinal informed by new nick enjoy the comfort of two away goals going into. the home leg of their tie against marsay the german giants have won seven of their last games in all competitions but that coach who is all they came from to nail down to be german leaders received organ three two in the group stages and has promised to field
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a strong dislike up however made for the best in china steiger is suspended while though a looking to stay on course for red travel of titles registry points behind us here with six games to go in the bundesliga and face the same club in next month's cup final. growing existence as room for all from the results from the first leg is good but we haven't reached the next round yet just like we scored two must see they can score here so we have to sleep very focused we'll have to show the same quality as in the last game and over the last few weeks and then i'm sure we'll get into the next round. i snuck in now and i haven't got have aged a regular season where distracter one else is able to on a lead in their best of seven series in the playoffs i mean finals in the k h l god they were without a forward a bunch of anchor who was the postseason points leader but they didn't need him a seven kcal instructor soon after the first interval his goal of making all the difference in arms to give other guys the overall series lead that was frontline
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you're going to because in itself could have sent the game into overtime but his powerful last gasp effort to save i carry around the finish goaltender notching up his first post season shattered and we were on our sunday that i must go move to within one victory of reaching the finals after taking a three nil serious lead over scotland petersburg and watching when latest when three thousand port meet. scores of people would have high hopes coming into this season's playoffs and all was going well beyond him and butler's until the end to get western conference finals series with denominator which has turned out to be a nightmare for the team from russia's second city its very last group in matches at home however the visitors will get off to a decent stance. they would take the lead midway through the second period as they managed with a face off in the anomalous zone like he made harassing sent an unstoppable shot which we don't xander is near post however do normal was soon level in these muscle
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you'll find dimitri vishnevskaya the far post and the blue line are finished coolly to restore parity scanned one hoping to cause by giving away far too many penalty minutes for the home so i didn't need the extra man advantage to go to one arc would send minutes left inferred and have no bites excellent past time we feel uneasy in twenty four year old apart from the blue line before beating york of stephanie. under normal would run part of story deserve free one victory just minutes later and he said in this time turn provider on the power play as his shot was saved but constantine got a call from one hand 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 i'm glad we were able to put in a great performance and get this victory. 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. not even thinking about
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going in the good darren cup finals at the moment we're preparing for game just like we have been doing in the previous matches in this series. there's been a fairytale series so far from moscow bites last chance and petersburg know only victory will do on the first of april they want to keep their hopes alive a recording made in good current cup title richard d'arcy moscow. tennis now defending champion novak djokovic has won the miami masters title for a third time after the world number one beat andy murray in straight sets canary hadn't played for four days after walkovers into his matches getting some before against rafael nadal who struggle with a left knee injury. and the briton looked a little rusty in the first set which powering it an ace to take it six one well the second was much closer with murray finding form but the serbian hung on to force a tie breaker which he eventually won dockets defending his miami without dropping
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a single sets throughout the tournament and he was delighted to have clinched his second title of the year after winning the australian open in january. tough laws in india well served to turn him in the. group and try to you know practice a lot to be myself reduce this tournament which is really important. i want to do well i haven't dropped this. played my best tennis when i needed to finals ago hundreds of my hand will be the highest ranked american going into this week's masters the first major of the year after victory against an open the twenty nine year old moved up to fourth in the world thanks to the one shot when the start of the final leg to strides isn't seen here but despite moments like this the south african faded with a three over par seventy five corporatism both he emerged as my hands closest rival moving to within a shot of the lead after making this birdie on the fourth however the swede
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couldn't hold my hand if you hit a one under par seventy one is magic chip kept his nose in front on the sixteenth and he's on the last wrapped up victory it was his second room p.g.a. tour of the season following the success of the world match play championship in february. it's a chance to cherry tree american history and that's all the sports news i think. question is that so much about taxpayers' money madrid's it's nice because people have very have the power in much of social networking such as facebook you tube and twitter is undeniable but are these media themselves becoming the.
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