back here with our team here is a mind of the top stories of the week twelve survivors of monday's siberian frank crash are in a stable condition south thought likely that failure to spray the aircraft landed for his cause it to fall to earth and thirty one people including all the crew were killed. time's running out for the latest peace 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 my security council. plus moscow slams the sentencing of victor

a bullet and the valves for bringing the alleged russian arms to your home after u.s. court gave him twenty five years for conspiring to kill americans the judge and said there will be no evidence against both it's not for the arresting operation that entraps happen. next the unhealthy and makes the viewer crisis bailouts and hysterical the former head of the european central bank john clark trisha weighs in on the state of the world's economy. well today we're joined by three shay he's the chairman of a 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 october of last year thanks very much to mr xi 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 there i was alluding to the. what happens happened in all seven we have now all structural adaptation of the advanced economy you know over the last thirty five years we had really crazy yes we can craziness we had the constellation of of all the socialist part of the world in the market economy we. knew were i would say very powerful economies and we were not observing anything in your advanced economy since also the advance they could live with themselves have to adapt their financial sector

and it started with the you know the financial turbulence lehman brothers and so forth and also all of the old fiscal policies i cross that it is global crises of the advance they couldn't meet and of course the your beard have a hole in it if we can clear left of 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 it is out of work because. what you have to to obtain is from all countries the capacity including those who are in great difficulty to demonstrate that they have fiscal policies and eagerly policies in general competitive policies that are sustainable in the long run and to be given no ground but there are these for the your period i think thought so too for the other big economies of the advanced countries i think it's really now all

demanding a new move of the investors' observer savers the world over to our good ways including the advanced economy to demonstrate that they are sustainable in the medium and long 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 probably 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 but because they couldn't we send signals that would be destabilizing i am very confident that we will not experience again. on the ceiling here for the borrowing some of of the united states of america i think that the experience as they mostly it was not good but all that being said i think that

all countries. it is a good new feature of the globally could be all countries including you advance ticket and we have to demonstrate that they have strategies and they have fiscal policies that are sustainable in the medium broad otherwise they will not inspire confidence so in a way the you with problems are the a.p. center of a larger problem which is you. characterizing all 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 that solution seems so far can't 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

for any country the first best is of course by far to have the year just load when adjustment is needed in an orderly fashion and the solution which has been found by the european greece he's by far of course the first best the they could have a fully kludge that do you think this is the end of greece wanting bailouts and in the first see even more be a lot it will just continue as 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 too to agree on the help of the international community as a whole and the help of the european or the assume mr 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 it. is of the planet a democracy of locally we have can 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 but you. can let's look at the astaire to measures portugal italy greece and spain some say they spend too much other state sterrett is going to kill them. well who's right where is the balance here how do they move forward it's an issue for all perverts the economy to correct their project early particularly as we gods of their fiscal policies when you have had town and see to spend more than you. or world or a long period of time in whatever you do whatever continent you are in whatever

category of country you are i have to correct and you cannot continue eternally to spend more than you are and this is true for our country as well as of individuals if a very awful for us so again i post that there is no healing contradiction between what is called austerity which i would call that true sound policies you know what because what is called us there it is very often is only that instead of spending much more than you were you spend more although you were a little it is through spending a year there which you heard so how can you call that austerity if you are back to sound policies then you improve 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 culturally has not lost any confidence as always

behave properly there is no problem for that country of course but for as policymakers as economists as the financial markets investors as they pull together thinking about confidence and balancing steady and growth what if you walk down the street and someone comes up to you and says mr cliche i haven't had a job for two years what is what is all of 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 what they were earning and we are not distributing revenue raiser bolland lee and so forth 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 when you did not behave properly i'm not speaking of any particular country but forget i'm not speaking only of your problem speaking of the o.t.

i would hope then at a certain moment you have to correct and it is true that it's always difficult it's much more advisable who rode why spoil the seas permanently then nobody is complaining but if you give a lot of money to anybody and then you tell the man 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 explored really difficult and clears a lot of problems and it is more as what we have had 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 breaks 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 brits are precisely those whom have we are going brilliantly

over the past year those are creating a new set of extraordinary bodying good economies 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. although practically not and so no they have to be to master of their old very rapid development so it's a very nice you know you eat you to cope with her you're 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 running the global economy. well the brits are

playing playing a decisive role in this handling of the global economy but i would say they have the all important. again a really close though that we all have to be very careful with question about you no longer have that during times of crisis to show solidarity with the people now other a lot are paying attention to the high compensation for bankers a time of crisis do you think that should all be slashed. that. this is. you know in all of their more courses this level of where i mean the aeration not only in the breaking sector. but in general they could see that in the us i could see that in the u.k. we can see that. in europe too of course and everywhere in the world so we have to reflect on that because our value was you know democracies which are not easy.

to defame a euro by by some. sectors and 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 respect to should. not be slashed those should compensations be reviewed but i think one should goof who are better understanding by the interested persons themselves and the interest in the sector and again i don't mention exclusively to her or sector that there are behaviors that shocking in the perspective of your fellow citizens democracy as

a whole and this is again what is fundamental all right thank you very much it was a thank you. wealthy british soil. is the time to let her go. to. market why not. find out what's really happening to the global economy with much stronger or a no holds barred look at the global financial headlines tune in to congress report on our.

latest news on the main stories of three twelve survivors of monday siberian plane crash are in stable condition it's now thought likely that failure to spray the aircraft with outside friends causes a fall to earth thirty one people including all the people were killed. time's running out for the latest peace plan for syria was a u.n. pressing the government and opposition to lay down weapons both sides of the conflict are expected to cease fire by service the or face further measures from the u.n. security council. plus moscow slams the sansing a victor book and vals to bring the alleged russian arms dealer home after a u.s. court gave him twenty five years for conspiring to kill americans the judge said

there would be no evidence against bill it's not for the u.s. sting operation that entrap him. now it seems having the world sports year is here with us good morning to you don't morning and it looks as if st petersburg football fans will be holding a bragging rights for another season it certainly doesn't tell you what with a double figure with just half a dozen games to go is a neat looks pretty good you can't break out the bubbly just yet but it's close more that coming up in just a set. good job your company plenty head on sports way including. double digits it meets with eleven points clear at the top of the russian premier league with the second successive championship now all but in the five. georgia on their mind peter huntsman produces a brilliant third trying to take

a lead at the masters but really time champion will mickelson sits just one stroke playing. high off long bonus not school holds the final event of the season that champions race for the second six weeks. coming up a football first where not looks as if the russian premier league title will be staying in some petersburg for another year as anita able to boast on the eleven point lead at the summit following victory at loch motif on saturday it was the host who had the opportunity to open the scoring in moscow right saw for the how far marc. humble in the area allowing you boy i'm on public change it's a stamp ball but the former tottenham striker could not find a way past the gist of my life they have to be taking full advantage about missed opportunity or i'm unsure netting seventy five minutes in despite the best efforts of progress on the line one know the final score is the champions close in on title

number three. second place discussed the top in their quest to keep the pressure up in the leaders of the army men feeling to break the deadlock at home against bruce ivins on g. the first time off all see before on g.b. spearheaded by you to jerk off on some began to carve open some chances of their own in the second but it was to be the final score which left to wonder whether this was the game that saw their title hopes unravel. being sure of the points following a one one draw the last two sides just missing the chance to move second temporarily at least based on that missing move each opening for the hosts in the template with a brilliant chip however nelson fall days would then level matters after sixty seven minutes with this had our genome a stay third ruby six. and in the relegation play offs on car managed to overcome the rust off despite sorry sir

comes sending off just before the hour mark despite her disadvantage because it takes the lead functional from alexander gets on sixty nine minutes one no the final straw for him side stay safe from the drop. over in england chelsea kept the pressure up for a champions league spot by claiming a late win over a weekend in the premier league on saturday while not firing on the night his mates from some would say on the off side position but the birth of the matteo and co would be trouble too much played out the blues are two points adrift of fourth seeded arsenal who are away to manchester city on sunday before about third place were unable to break out of discipline sunderland side there were wins for full on west brom while liverpool hold to death three game losing streak drawing at home to austin for. the longer the game when the storm to be sure the more determined to go to get on. with their group and the thing more.

brings the golfer phil mickelson has fun and self one shot behind leader peter hanson with just a run to go after the masters lefty clearly on the right track up the years opening major he's claimed the green jacket the last three times he was part of a leading their forty one year old didn't cart a single birdie on the front nine but he found his rhythm after that this eagle on the thirteenth followed up by birdies in the ten. sweet home singing while did one better playing in only his second masters ever the thirty four year old also shining primarily on the buckeye. strike. i say isn't so it's third the twenty ten british open winner overcoming a tour of bogeys to cart a three under sixty nine for the day but all eyes are now that. this is a really fun day and. it gave me it gives me an opportunity to make something

special happen tomorrow. is as great in its final round as this was it just makes it possible to have something really special to mark stuff to go out tomorrow give myself to play some great coffee on a tough go off course with some some pretty tough emplacements but having that opportunity to deal in the final group here at the masters on sunday see gray's feeling of professional golf. this time did very well in south boston paul orlando center tonight howard has been in the n.b.a. spotlight for all the wrong reasons lately but the swirling rumors of a big man asked for his coach stan van gundy to be fired took a backseat to the much extra per performance in the win over the sixers ensemble today howard denied those recent allegations prove it was hoping he and his teammates could do their talking on the court in philadelphia glen davis the perfect sidekick to white superman notching twenty three points and twelve rebounds big baby as he's known coming phillies later forty five forty in the third but this past get on the foul howard meanwhile registered his ninth game with at least

twenty points on as many rebinds tying his personal best from the two thousand and eight zero nine season the magic eventually snapping their five game losing streak with an eighty eight eighty two victory. cricket were england's for me in the number one test team in the world after drawing their two much series intra lanka under stress and team levelling matters and suffered a thanks to an eight win in colombo sri lanka resume day four on two hundred fifty for six leading and pi thirty three runs but figures of six for one hundred sixteen spin bowler green swan did for the host who took the prize wicket of captain mahela jayawardene who edged to alister could win six before the tale ending from the straw large for two hundred seventy eight that set the tourists a modest total of ninety four for a victory and despite losing captain stars for a duck in front for five the target was reached thanks in part to a forty nine not out from food on

a knock of forty two from kevin pietersen and hit the winning runs the one one draw just means they can still top the i.c.c. world. and finally biathlon fans in moscow got a rare treat this weekend when some of the sport's top names to send on the russian capital to take part in the season ending champions race richard from port fate watch the auction for a. two thousand and eleven two thousand and twelve biafran season has been a strange one for the russians number successes but also a number of setbacks told of a plaintive podium finishes during the full cup season pulis said about the world championships and recalling the better way to manage to claim a paltry two bronze medals however that was all put in the past the top stars from russia and the rest of the world took part in the race of champions which brought to a close religious campaign. the first was the women's my starts to shore most of the world's best competes but he was

a grammy and frustration world championships she managed to claim for the silver medals however she was to go one better in moscow she claimed top spot on the podium then her season on the high notes and i make a nice easy i'm very white guy and i have no idea so i like the template and i believe that it's ok. pushes all the sights of ok the home crowd something to cheer about she managed to come home in second place in the thirty four year old says it's always nice for her and her teammates perform in the russian capital letters of attention it is great to have this race in moscow it's fantastic for the fans and also to help develop the sport and make it more popular it's written on the grass and oscar and hopefully it'll get more children to take up the score he. meanwhile of the men's race the man everyone had bare eyes on was all the ajnabee on. the norwegian who's arguably the greatest ever by our fleet is

still going strong at the age of thirty eight and he showed he's still a force to reckon with as he picked up two goals of the latest world championships however the six time a limpid gold medalist was unable to make an impact in moscow as first place eventually went in your coat pocket sorvino brushes i'm trying to pull in came home in seconds. completed the podium lineup with just a list of which is you know it was great to have so much support from the fans i thought i shot really well and that was very important for me i managed to ski well and overall i'm more than satisfied and finishing in second was a bonus. amazing to be well into the big cities because of the good for the future. of the russians a businessman was more about putting on a show for the spectators robin warning about podium finishes as the competitors can now have a well deserved break before the new season starts later in the year. but when fans

in moscow been given a real treat is often in with some of the biggest names in a sport sending on the russian capital was event brings a close to two thousand and twelve season campaign results for the russians in all competitions signs look good soldier linda it's less than two years away. we don't see moscow that's how your sport looks at this hour i'll be back in just under two hours time with more but stay with our team whether it's next. film maker. and. the. director's cuts of real life in prison on smarties zero. zero zero. 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 life 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 question tonight is whether or not soldiers were adequately warned about its rare side effects serious life changing side effects.

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