back there whether it's yours or mine are of the top stories of the week twelve survivors of monday siberian plane crash are in a stable condition it's now thought likely the failure to spray the aircraft with antifreeze causative fall to earth thirty one people including all the burning were killed. time's running out for the latest peace plan for syria where the u.n. pressing the governments and opposition to lay down weapons both sides of the conflict are expected to cease fire by services or face further measures from the u.n. security council. to keep our players in egypt log has as

a muslim brotherhood and the ruling military council in the words their prime candidates for next month's presidential vote sunday is the deadline for nominations with several hopefuls already guard from running and the short list of names due next week. fast moscow slams the sentencing of victor a bullet and vows to bring the alleged russian arms to your home after u.s. war gave him twenty five years for conspiring to kill americans the judges said there would be no evidence against bush if not for the west sting operation that entrap him. up next the unhealthy makes of euro crisis bailouts and stared form a hat of the european central bank weighs in on the state of the world's economy. well today we're joined by john called 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 october last year thanks very much sam especially for joining us today. in the 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 that your successor meyer draggy of the e.c.b. said that the worst of the euro crisis is over this is the worst really over you know i was alluding to the. buy or don't understand you know 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 crises the african craziness we had the transformation of of all the socialist part of the world in the market economy. new i would

say very powerful economies and we are not observing anything in your advanced economy since also the advanced economy themselves have to adapt their financial sector started with the you know the financial turbulence while those and so forth all saw their all in fiscal policies i really troy's that it is a global crises of the advance they couldn't meet and of course the your period had their holding a difficult year they have to work on the old governance is going to be governance well in 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 out work to do because. what you have to try to obtain is from all countries we keep presently including those who are in great difficulty to demonstrate that they have fiscal policies only going to be

policies in general could put it in policies that are sustainable in the long run in the medium and long run but that is true for the your but it's also true for the other big kind of business of the advanced countries i think it's really now we're demanding a new move of the investors observe those savers the world over to our poor 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 u.s. for example its debt now stands at fifteen trillion overall u.s. debt is fifty seven trillion and the debt ceiling may or may be raised again it's widely expected it will by the end of the year if not earlier is this going to send another problem around the global economy and is this sustainable first of all i hope very much the new all other advanced economy we send signals that would be

destabilizing i am very confident that we will not experience again back on the ceiling here for the borrowing so of of the united states of america i think that the experience has demonstrated that it was not good but all that being said i think that all countries. it is again a new feature of the global economy all countries including the advanced they're going to be have to demonstrate that they have pregnancies and they have fiscal policies that are sustainable in the medium run otherwise they will not in spite of it's so in a way the you with the problems are the a.p. center of the larger quabbin which is you. characterizing all the advanced economy in my all understanding of the situation this is maybe a basic question but it's now being raised right now ever since the crisis seemed

to lucian seem so far can't go ahead united has as is seen by leaders about the euro with greece possibly having its own currency back just to fix its problem i think that for a new country the first best is of course by far the have you know the year just not where an adjustment is needed in an orderly fashion and the solution which has been found by the european or greece is by far of course the first best the they could have a profoundly trudged up do you think this is the end of greece one thing bailouts i mean do you first see even more biotic or just continue as the cycle begins we will see what happens but it's clear that the commitment which has been taken by decay 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 all this seems to be 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 all advance they could let me in my own understanding of the principle mission of our planet also in all it's going to is of the democracies of the planet we have can do the job. this is no time for complacency nobody should be complacent but it's true for all of us without any exception in. ok let's look at a stair to measures portugal italy greece and spain some say they spend to much rather see 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 economy to correct their project

particularly as regards of their fiscal policies when you have had ten and see spain more than you were on all the world all billion a time limit whatever you do in whatever continent you are in whatever category of country you are you have to correct you cannot continue internally to spend all the new world this is true for the country as well as for individuals evade me or for firms so again i trust that there is no healing contradiction between what is called austerity which i would call that sound policies you know but because what is called austerity very often these only that instead of spending much more than you were on and you spend more then you are a look at this spending. so how could you call that austerity if you are back to

sound policies then you import confidence and by improving confidence you give a chance to growth and job creation i think it is it is the reality and of course it depends on the situation even country has not lost any confidence as always behave properly there is no problem for that country of course if as policymakers 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 this all this policy making into me as you know all those school trainees that we are run in a very prudent way that we are not spending more than what they. we're earning the we're not distributing revenue. and so forth and also trees have jobs and the their unemployment is diminishing and diminishing and diminishing even in the

time of a terrible crime what to do with those that don't like spain i mean when you did not behave properly i'm not speaking of any particular country i'm not speaking only of europe i'm speaking of the. and 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 your wise policy is probably 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 infuriated everybody to give and to get back is something which is as well as human nature is concerned extra who only difficult then there's a lot of problems and it is more as what we have that the reason why we have to prevent bad policies and monitor policies permanently in order to avoid

to be put in these very difficult situation of our breaks now are 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 where her going brilliantly over the past year owes creating a new set of extraordinary boiling economies and i think that the for some of them of course had also problems in the past i'm speaking of russia speaking of brazil. there had been a long period where india and china said we're not growing at all or practically not and so you know the. have to be the better of they're all very rapid developments so it's a very nice you know ease you to cope with though you're going very very fast how

to manage that and they are now part of that nobody could be a decisive part of the global economy they are part of the global governance and member of the g. twenty there is no such thing as a small group of advanced economy running the global economy. no the 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 a person though that we all have to be very careful question about you no longer have the same events during times of crisis to show solidarity with the people now other a lot are paying attention to the high compensation for bankers a time of crisis you think that should all be slashed i would say that. this is a particular issue you know in all all democracies this level of where administration not only in the banking sector. but in general i don't quite see

that in the us i can see that in the u.k. you can see that. in your course 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. they made by by some. sectors but i think that this has to be transmitted progressively of course we are in market economies of course ok goodness 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 the it where should it not be sasha's should compensations review i think it should go off were very clear understanding by the interested persons themselves and the

imprisoned sector and again i don't want to mention exclusively for sector that there are behaviors that shocking in the perspective of europe of photo citizens democracy as a whole and this is again what is fundamental all right thank you very much it was a thank you.

the. latest news on the main stories of the week twelve survivors of monday's syrian plane crash are in a stable condition it's now thought likely the failure to spray the aircraft landing for use 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 un pressing the government and the 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. to keep our players in egypt log hands as the muslim brotherhood and the ruling military council endorse their prime candidates for a next month's presidential vote sunday is the deadline for nominations with

several hopefuls already barred from running and the sort list of names didn't sleep. last moscow slams the sentencing of take their boat and bows 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 both of them if not for the u.s. state operation that entrap him. my years here with the latest courts. and we're down to the business out of matters at the masters we certainly are with foster approaching the final day of the first gulf major of the season tell you what it is tight up the top more knocking up in just a sec. thanks for joining us plenty ahead in this edition of sports today including the stories in brief. double digits in each move eleven points clear at the top of the russian

premier league with a second successive championship looking all but in the box. georgia on their minds peter hunt's images a brilliant third runs to the lead at the masters but three time winner phil mickelson sits just a stroke behind. the long boat a small school holds the final event of the season that champions race for the second street. to get to grips with that in a few moments but first we're. the russian premier league title will not be moving from st petersburg for another year holders in a signal to post an eleven point lead at the summit following victory at loch motif on sunday it was the hosts though who should have opened the scoring in moscow right after the half hour mark to nosh to the challenge on ball in the area allowing new boy were among public chank to step up but the former tottenham striker could not find a way past the just last month

a failure to meet taking full advantage of the missed opportunity in the seconds off for a month shirokov netting seventy five minutes in despite the best efforts of thrust her luck on the line so we'll know the final score is the champions close in on title number three. second place in their quest to keep the pressure up on the leaders of the army men feeling to break the deadlock at home to do savings on g. the first of all c.i.s. got this easy run sceptical of the way they were breaking through at will but always with results and spearheaded by you reach your cough and so began to cough open some shell. this is all for their own in the second but no less to be the final score with c.s.k. left to wonder whether this was the game that saw their title hopes on rival. the well it's normal routine sure the phones holding a one one draw the most of the side thus missing the chance to meet second time for

east face them this movie will be with us ten minutes from ship. that's involved is within level number jumped or sixty seven minutes with a header to tell us the third six. relegation play offs on promise to overcome the rust off the spy sorry circle single just before the hour mark the spy thought the miracle this about as the host would take the lead functional golf in the exam with doubts and sixty nine minutes one nil the final score in perm and so. i over in england chelsea kept the pressure up for a champions league place after claiming a late win over weekend in the premier league on sunday one month firing home the minute for dramatic victory please not two points adrift of fourth seeded arsenal were away so much a city on sunday while thursday spurs were unable to break on a disciplined some inside their wins for phone on west brom by liverpool halted

a three game losing streak drawing at home just in time. and the longer the game went the story in a more detail and we were to go go go. go go go on the think there's a more. lino messy meanwhile continues to state his case as the greatest footballer of all time the barcelona star netting a brace against reales oregon. but sixty goals in all competitions now this season the twenty four year old now on the fast track to beat gerd miller's all time mark of sixty seven the argentinian coming to the rescue with a game surprisingly tight one apiece late in the first half in form alexis sanchez the provider in the thirty ninth minute messy under way four minutes from time to get a second which came from the penalty spot for so winning four one overall messi needs just seven goals to beat the single season record set by byron munich legend during

the one hundred seventy two seventy three season. you bet against him to get it to golf for phil mickelson has fun and self one shot by neither peter hanson was just around to go at the masters lefty clearly on the right track at the years hoping major playing the green jacket the last three times he was part of a leading pack the forty one year old didn't cart a single birdie on the front nine but find his rhythm off throughout this eagle on the thirteenth proceeded purdy's on the tenth and twelfth holes steve hansen meanwhile to one better playing in only his second masters ever the thirty four year old also shining primarily on the buck ninety four birdies in the last five in the league and nine under par while louis oosthuizen sits third the twenty ten british open winner overcoming a perv bogey to carve a three under sixty nine for the day but all eyes are on lefty. this is a really fun day and. it gives me it gives me an opportunity to make something

special happen tomorrow. is great and it's going around as this was it just makes it possible to have something really special to mark still to go out tomorrow do i still to place a great cough on a tough call force with some pretty tough placements but having that opportunity to be in the final group here at the masters on sunday it's a great feeling of professional golf. yeah big golf lies ahead let's talk basketball on our london center tried howard has been in the n.b.a. spotlight for all the wrong reasons lately but the swirling rumors that the big man asked for team coach stand van gundy to be fired took a backseat to the much except her performance in a win over the sixers on saturday howard denies those recent allegations and was hoping he and his teammates could do their talking on the court in philadelphia the perfect cycling white superman not sure twenty three points twelve rebounds big baby as he's known cutting phillies lead to forty five forty in the third but this past the. howard meanwhile registered his nineteen with these twenty points on his

many rebounds tying his personal best from the two thousand and eight zero nine season the magic eventually snapping a five game losing streak with an eighty eight eighty two victory. but it's not where lucie safarova will williams in the final of the family circle cup both players dominant in their semifinals with two thousand and eight champion williams brushing aside some of the studer williams loss to be a strain in last year's u.s. open final but this encounter was a different story the younger all of the williams sisters starting off in blistering form to the first set six. she would go on to avenge her sister venus who was ousted by stupor in the quarterfinals by wrapping up the second said by the sea score williams calling it one of her best ever performances afterwards this is . her upcoming opponents part of it was even more dominant against paloma herzog the czech star not giving the slovenian an inch taking the first step

to love so far of a fighting off all three of her dogs gain points excessively resulting in a rare double bagel victory six love six love the upcoming final vote should prove tougher test williams has beaten so far of all who are times they've played previously. and finally biathlon fans in moscow got a rare treat this weekend when some of the sport's top names the center on the russian capital to take part in the season ending champions race richer than port reports on. the two thousand level in two thousand and twelve biathlon season has been a strange one russian's numbers senses but also a number sent bangs of a friend to the podium finishes the season to listen about more championships and recording the better the damage claim a paltry true bronze medals pose and that was all put in the home last stop chas

russia and the rest of the world took part in the recent champions worlds with close relations campaign. the first was the women's my starts short most of the world's best beats the more favor me the straights more championships managed crime free silver medals. i was sure was to go one better in moscow. top spot on the podium ten per season on the high notes and make nice. under. the fan but i have no good so i'm making a blanket about the fact that it's ok. pushes all the sides of ok the home crowd something to cheer about she managed to come home and second place in the thirty three year old says she was nice to her and the team mates the form in the russian capital which is of attention it is great to have this race in moscow it's fantastic for france and also to how much of the sport was made more popular received. and hopefully that'll get children to the ceiling i mean

one of the men's race everyone have their eyes on was only i don't know. norwegian was on to be the greatest ever by our families still going strong a good game and he showed a ship of fools reckon we've picked up two golds in the latest championships. however the six time olympic gold medalist was unable to make an impact in moscow first place when she went to the park being here. russia's i'm conscious came in second will help his friends and completes the podium lineup with just a list of which is you know just it was great to have so much support from the fans so i thought for a shot really well and that was very important for me i managed to ski well overall i'm more than satisfied and finishing second was a bonus. amazing to bring back into the big cities because something is good for a future. for you to go to the russians is a bit more about putting on

a show for the spectators rob and warning about podium finishes the competitors can now have a well deserved great season starts legion again. five hundred times and also have been given a real treat this afternoon with some of the biggest names in a small descending on the russian capital brings a close to the two thousand and two thousand and twelve season can claim some mixed results for the russians in all competitions signs look good soldier lympics less than two years away. dancy moscow one good thing about the late winter here in moscow plenty of snow for events like another as your sport for our weather is next . filmmaker. and. the. director's cut it was a real life. prison on charges.

admission. couldn't take three months for churches.