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tv   [untitled]    April 8, 2012 12:30am-1:00am EDT

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we'll. check knology innovation all the developments from the round russia we've got the future coverage. of the backyard where there is here is a look at the latest news on the main stories of the week twelve survivors of a seven year in plane crash are in stable condition and it's now thought likely the failure to spray the aircraft with antifreeze cause it to fall to earth thirty one people including all the crew were killed. time's running out for the latest peace plan for syria with pressing the government and opposition to lay down weapons both sides of the conflict are expected to cease fire by thursday or face further measures from the one spirit council. plus moscow slams the sentencing of
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victor bullock and valves to bring the alleged russian arms dealer home after us toward gave him twenty five years for conspiring to kill americans judge so there will be no evidence against food if not for us sting operation tracked him. up next here in our team the unhealthy mix of euro crisis bailouts and hysterically the former head of the european central bank john clark rache weighs in on the state of the world's economy. 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 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 like mr xi for joining us today it's
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a pleasure 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 meyer driving 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 fact that in my all understanding you go what happens happened in all seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had a little later craziest the african craziness we had the principal nation of of all the socialist part of the world in the market economy. i would say very powerful economies and we are not observing in the thing in the advanced economies since also the advanced economy themselves have to adapt their
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funding for sector and it started with the you know the federal turbulence while those and so forth and also all the old 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 their own governance is going to be governance well terms of the euro crisis mr gorst over are we out of the woods at this point i think that we know that it is out of work to do because. what you have to do a 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 policies that are sustainable in the long run in the medium and long run but that is true for the your bill but he thought for the other big kind of b.s.
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of the advanced countries i think it's really now we're demanding a new move of the investors of service savers the world over to our poor good including your 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 all other advanced tickling me 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
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countries. it is again a new feature of the global economy all countries including the advanced they're going to be 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 their problems are the center of the 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 being raised right now ever since the crisis seemed to lucian seem so far can europe go ahead united as seen by leaders without the euro with greece possibly having its own currency back just to fix its problems i think
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that for any country the first best is of course by far they have you just not where an adjustment is needed you know an orderly fashion and the solution which has been found by the european on greece is by far of course the world's best they could have a powerful approach that you think this is the end of greece one thing bailouts i mean you first see even more be allowed to just continue was a cycle again we will see what happens but it's clear 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 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 country as well as in the and here
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we are 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 it's going to because of the. democracies of the planet we have to do the job there is this is no time for complacency nobody should be complacent but it's true for all of those with. ok let's look at a stair to measures portugal italy greece and spain some say they spend too much others say a staircase going to kill them. well who's right where is the balance here how do they move forward it's an issue for all advanced economy to correct their project early particularly as regards of their fiscal policies when you have had can and see spend more than you are on all the. time and whatever you do whatever continent you are in whatever category of country you are you have to
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correct and you cannot continue internally to spend all the new europe this is true for the country as well as for individuals if i may offer firms so again a toast that there is no he in contradiction between what is called austerity which i would call back to sound policies you know but because where the school austerity very often is only that instead of spending much more than we were on only more all then you were and what these through spending a year there were so how can 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 a reality and of course it depends on the situation even called free has not lost
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any confidence as always behave properly there is no problem for that country of course and as policymakers economists as the financial markets investors as they pull together thinking about confidence and balancing steady and growth what if you walk down the street and someone comes up to you and says mr cliche i haven't had a job for ten years what is what does all this policy making mean to me as you know those school freeze that we are run in a very prudent way and that we are not spending more than more than what the. we are earning we are not distributing revenue raiser bollen plea and so forth also 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 i mean when you did not behave properly i'm not speaking of any particular country but forget i'm not
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speaking only of your partner 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 run a wise policy is permanently then nobody's 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 infuriated anybody to give and to get back is something which is as far as human nature is concerned explore all the different years 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 this very difficult situation about brics now do you think they can deliver what is needed for the global economy to move out of the phase that is in
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now where the brits are precisely those. going brilliantly over the past years creating a new set of extraordinary boiling. years 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 rowing at all or practically not and so you know the. i have to be the best or i'll they're all very rapid development so it's a very nice you know you eat 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 you could be a decisive out of the global economy they are part of the global governance and number of the g twenty there is no such thing as
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a small group of advanced economy running the global economy. now the bricks are playing playing a decisive role in this handling of the global economy but i would say they have their own problem and again a really close though that we all have to be very careful with 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 do you think that should all be slashed. this is particular you know in all all democracies the level of or i mean the aeration not only in the baking sector. but in general they could see that in the us are considered 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 easily.
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only students very made by you by some. sectors but i think this has to be transmitted progressively of course we are in market economies of course market economies have to function but it is very very important that all component of the society understand that our democracy is their values and these values have to be respected so should it not. slash compensations we've reviewed i think one should goof who are better understanding by the interested person is going to thirds and the interests of the sector and again i don't want to mention exclusively the car for sector that there are behavior that shocking in the perspective of our fellow citizens
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as a whole and this is again where these for mobile all right thank you very much you're with us thank you. dear mom i'm sorry that i had to do this i've been in so much pain in the past year that i can't take it anymore the stomach and chest pains have been getting worse and no doctor has been able to help me please know that i'll finally be at peace and with no more pain i wish i could have had a wife with it was a bit always pictured her being my wife and mother to my kids i love you all see you all in heaven when your time comes i'm going to meet jesus christ. thousands of u.s. troops in iraq received one of these drugs a drug called lariam and it may have prevented many soldiers from getting sick the
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question tonight is whether or not soldiers were adequately warned about it's where side effects serious life changing side effects. latest news and the main stories of the week twelve survivors of a siberian plane crash are in stable condition it's now sad likely the failure to spray the aircraft and their friends cause it to fall to earth thirty one people including all the crew were killed. time's running out for the latest his plan for syria with iran pressing the government and opposition to lay down weapons both sides of the conflict are expected to cease fire by thursday or face further measures from the u.n. security council. plus moscow slams the sansing victor brute and vows to bring the alleged russian arms dealer home after u.s. court gave him twenty five years for conspiring to kill americans. the judge said
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there would be no evidence against board if not for the resting operation that entrap him. elsewhere the top stories of the week it's now time to take a look at the latest sports news. hello while coming to the sports headlines here on our say is what's coming up. michael charge sending close in on their second successive russian premier league crown after a one zero win a locomotive. on top of the world england retain their status as the best test cricket team on the planet to draw in next three match series intra lanka. biathlon moscow holds the final event of the season but champions race for the second successive year. but starting with russian football and then it simply
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continued their march towards the premier league title luciano spotlight is managed well one nil win is a locomotive on saturday were an issue of course for the games only go with fifteen minutes to go but it was the hosts who had the opportunity to open the scoring just after the half hour handball in the books by thomas was punished by the referee but not by roman pavlyuchenko whose penalty was expertly saved by russia have split the side then made them pay in the seventy five minutes after a corner cake found should a call of one nil the final score as any close in on their second successive start . meanwhile the nominee being shared the points off to a one one draw with a moscow side missing the chance to at least temporarily second best down miss him a bit open to the highest in the tenth minute after receiving a pinpoint pass and delightfully sending the ball over the keeper however nelson valdes levelled matters of the sixty seven minutes with this had
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a promise they were being asked six. elsewhere in the relegation playoffs and managed to overcome rostov despite being down to ten men after the holidays said i called saw a second yellow card just be fooled. our mark despite the numerical disadvantage ten minutes later the host took the only time to learn golf from alexander gets can one know how it finished in neither side in the relegation play off places. well sir moscow now trailing resenting quite a level in points after they were held to a goal of school in the days late game by crusading. now cricket in england remain the number one test team in the world after drawing near two match series in sri lanka they leveled the score on saturday thanks to an eight when in colombo sri lanka resumed today four on two hundred eighteen for six weeding england by thirty three runs for figures of six for one hundred six spin bowler
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graeme swann differ the hosts into the prize we could have kept him higher jayawardene edged i was the cook went on sixty four bit early and then promoted the hosts were all out for two hundred seventy eight seven tourists a modest total of ninety four for victory and despite losing captain andrew strauss for dark and jonathan trott for five the target was reached thanks in part to a forty nine not out from under north of forty two from kevin pietersen who hit the winning runs one still to the i.c.c. world rankings. now from france in moscow got a rare treat this weekend and some of the sport's top names descended on the russian capital to take part in the season ending champions race which had been poorly reports. which requires eleventh two thousand and twelve by the season has been a strange one russian numbers france is also number set by. a pretty good
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fishing season listen about the world championships and recording better. frame a paltry true bronze medal is. that this all could have caused us to trust russia and the rest of us. souls took part in a race to champion was also a close relations campaign. how close is the women's mass starts schol most of the world's best petes the more hybrid name of the strange world championships she managed crime free silver medals. how was she was to go one better moscow. top spot on the podium and her season on the high notes and make nice is a very. sad so i make that claim that it's ok. russia's all the sites of ok the home crowd something to cheer about she managed to come home in second place i'm a thirty three year old says she was nonstop and she made the film in the russian
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capital which is about tetanus is great so how this race in moscow is fantastic for the fans and also to help what was the spiritual. experience here on the grass and ask us and hopefully that'll get our children to see or hear. me more in the women's race that everyone had their eyes on was only i have gone by a norwegian who is arguably the greatest ever by a fleet still going strong at age thirty eight he should still hold reckon with pick up two golds in the latest championships however the six time a limpet gold medalist was unable to make an impact in moscow first place wintry when zero five senior. russia's i'm trying to call him came home and second neil held his friends and completed the podium line up with just the list of questions you know it was great to have so much support from the fans so i thought i shot really well and that was very important for me i managed to ski well and i've role
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i'm more than satisfied and finishing in second was a bonus. amazing to be well into the big cities because something is good for the future. of the part of the party for who goes to the russian. this visible is more about putting on a show for the spectators rather than worrying about finishes the competitors have a well deserved break for the new season starts later of a year. when fans are most have been given a real treat bizarre afternoon with the biggest names in the sport sending off the russian carrot so as event brings a close to the two thousand and twelve season they can claim a mixed results for the russians in all competitions designs look good soldier lympics less than two years away. we don't see. now it's ice hockey where this year for the first time kontinental hockey league ties are we heading to either the russian capital or siberia and south adam darby tractor on friday evening to set up
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a finals meeting with the now. the only side prevailing in the eastern conference finals against a team which had been on a fairytale run all season long the hawks looking the more complete squad throughout this particular set of games by taking the best of seven series one friday night was the icing on the cake for raw emotional men's men closing out a win on the road and on fellow scoring what would be the we're not towards the end of the first period silencing the home crowd to go in the finals last autumn i think the thirteenth. is over to the hardwood now where denver's one hundred five ninety nine home win over phoenix has ended the sun's three game winning streak the first quarter went to the visitors twenty nine twenty one for the nuggets turned the game on its head in the second and tied the knot to fifty two. hours after a low scored a game high thirty points including this to make it sixty four fifty six to denver nuggets our school their opponents in the periods by three points to secure
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a final result of one hundred five ninety nine with the win the nuggets moved to seventh place in the western conference and sit in the playoff places. now financing football once more on russia's second city side simply wanted to play. in the wake another point and then as they never seem to make it into the premier league the squad managed by former liverpool cunt alex miller the first british man in russian football causing the talk of france along to find out just why he settled in siberia. while on g. make the transfer headlines in the premier league see deer surprised everyone in the first division as former liverpool alex miller made history by becoming the first ever written in russian food but three time zones east of moscow sixty two year old girls who bore miller has kicked off an intriguing experiment taking charge in russia's third city of snow with severe storm pressure.
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challenge to the top level part this was a. challenge to trying to get to the top level whether they should whether. they're trying to take the team to the next version back. to former rangers defender and highbury and manager also ahead short spell spearheading japanese and swedish sides but has been known for spending nine years at liverpool assisting. and rafael benitez however in russia the scot will have to face more challenges than just the state whether i think. it is very difficult. very difficult and any less sleek and never realized. the travel. and the travel.
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where league leaders and defending champions say meet have enjoyed success under dick of a cut and. most boring manager escape struggle to bring results both in right. and in european tournament but miller is sure the trash in full will sweep could benefit by adapting to the new western for my. country. moving to a european city sees in the next. four or five years to even think russia. players in the champions league sabir are currently seventh in the second toy and have slim hopes of being promoted to the premier league this season however miller is optimistic about the chances of the most ag reno if it takes to glory and fortune nor was seduced back on the map of russian football is played by the both are cheap
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. well that's all the sport for now plenty more like their own twenty four hour. film making. and. director's cut of real life in prison on charges. today violence is once again flared up. these are the images. from the streets of canada. china operations are the day.
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on. a mission to free couldn't take should free clothes for churches free.

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