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tv   [untitled]    April 8, 2012 6:30am-7:00am EDT

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for the top stories of today and of the week this is the weekly on r t how the syrian government says it will not pull its military from city without written guarantees from armed rebels that they want to move strangely enough the words. survivors of monday's a siberian plane crash are in a stable condition it's not likely the failure to spray the aircraft with antifreeze course it's a false world i thought he won including all the crew were killed in. the keep our players in egypt locked heads as the muslim brotherhood in the ruling military
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council indorse their prime candidates for next month's presidential vote by sunday is the deadline for nominations with several hopefuls already bought from running on the short list of names next week. plus moscow slams the sentencing of victor involves to bringing 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 bruce it's not for the u.s. sting operation but in trying to. point out. unhealthy mix of the euro crisis bailouts and austerity the former head of the european central bank. now weighs in on the state of the world's economy this is art. well today we're joined by example t. shea and he's the chairman of the group of thirty a panel of
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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 leaving the post in october last year thanks very much to mr xi for joining us today. 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 maya draggy of e.c.b. said the worst of the euro crisis is over is the worst really over there i was alluding to the fact that in my order still you know what happened happened in seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had good crazies the african craziness we had the prince formation of of all the socialist
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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 have only advanced economy themselves have to adapt their founder for sector and started with the euro the financial turbulence lehman brothers and so forth and also all of the old fiscal policies i really trust that it is a global crises of you advance they couldn't meet and of course the your beard have they all had a difficulty and they have to work on the old governance economy governance well terms of the euro crisis system restore are we out of the woods at this point i think that we know that it is hard 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 economy policies
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injury or competitive policies that are sustainable in the long run in the medium and long run but there is proof for the your piano but it thought so too for the other big problem because of the advanced countries i think it's really now we're demanding a new move of the investors observers savers the world over to our poor good ways 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 have 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 they couldn't we send signals that would be destabilizing i
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am very confident that we will not experience again. on the ceiling or for the borrowing some of of the united states of america and i think that the experience has demonstrated that it was not good but all that being said i think that all countries. again oh new feature of the global economy all countries including your votes they're going to be have to demonstrate that they have strategies and they have fiscal policies that are sustainable in the media brugge otherwise they will not inspire confidence so in a way the. problems are the center of a larger problem which is you. characterizing all the 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 seemed
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solution seem so far can you recall whether united has as is seen by leaders without the euro with greece possibly having its own currency back just to fix its problem i think that for any country the first best is of course by far to have the you're just not where 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 portfolio approach that if you think this is the end of greece wanting bailouts i mean you first see even more be a lot of just continue was a cycle again and we will see what happens but it's clear that there's a commitment which has been taken by the greek government. sensitivities as you know because there is a 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 hope of the european or the sinister be the right and appropriate way to proceed now of course. in that particular country as we're in and here we are 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 be is of the planet and democracy are going to lead we have to do the job then this is no time for complacency nobody should be complacent but it's true for all of those without any exception in your pretty ok let's look at the steerage 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 go for it it's an issue for all advanced economy to correct their project
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early particularly as regards of their fiscal policies when you have had turn and see to spend more than you were on all the. time whatever you do whatever continent you are in whatever category of country you are you have to correct and you cannot continue eternally to spend all the new world and this is true for country as well as for individuals who probably or for firms so again like post that there is no here contradiction between what is called austerity which i would call that sound policies you know but because what is called austerity very often is only that instead of spending much more than you were you spend only northern you were and it is through spending you were so how could you call that austerity if you are back to sound policies then you are in
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poor governance 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 if a country has not lost any confidence has always behaved properly there is no problem for that company of course but 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 i haven't had a job for two years what is what is all this policymaking mean to me as you know those countries that we'll 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 raiser bolland lee and so forth those countries have jobs and the their own
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employment is diminishing and diminishing and they're inching even in the time of a terrible crime not to do with those that don't like spain with me when you did not behave properly i'm not speaking of any particular country but forget i'm not speaking only of your problem 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 weiss policies permanently then nobody is complaining but if you give a lot of money to anybody and then you tell them no 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 well as human nature is concerned it's all the difficulties and clears a lot of problems and it is more as what we have and the reason why we have to prevent bad policies and monitor policies permanently in order to avoid
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to be put in this very difficult situation that about brics now the 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 we are going brilliantly over the past years creating a new set of export only boiling economies and i think that the for some of them of course but he 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 master of the old very rapid development so it's a very nice you know you eat you to cope with her you are going very very fast as
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to how to manage that and they are now we're part of the global community a decisive part of the global economy they are part of the global governance a member of the g. twenty there is no such thing as a small group of advanced economy or running of the global economy. now the brits are playing playing a decisive role in this handling of the global economy but i would say they have the old problem again they really close though that we all have to be very careful it says question about you no longer head of the e.c.b. but during times of crisis to show solidarity with the people now are a lot are paying attention to the high compensation for bankers a time of crisis do you think that should all be slashed. in all all democracies with the level of media ration not only in the banking
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sector. but in general i don't could see that in the us i could see that in the u.k. we can see that. in your crew of course and everywhere in the world so we have to reflect on that because there are value you know democracies which are not easy. they made by you by some. sectors and i think that 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 compensations be reviewed the un should goof who are better understanding by
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the interest of the persons themselves and the interest of the sector and again i don't mention exclusively the car for sector that there are behaviors that are shocking in the perspective of your a lot of fellow citizens as a whole and this is again what is for the moment all right thank you very much it was a thank you. the
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headlines on the syrian government says it will not pull its military from the cities without written guarantees from rebels that they won't move straight enough to. the survivors of monday's siberian plane crash are in a stable condition it's now thought likely that failure to spray the aircraft with antifreeze caused it to crash thirty one including all the crew were killed. we keep our players in egypt a lot of heads of the muslim brotherhood in the ruling military council and their prime candidates for next month's presidential vote sunday is the deadline for nominations several hopefuls are already barred from running in the short list of
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names due next week. plus moscow slams the sentencing of vaster bringing the alleged russian arms dealer home this coming after u.s. court gave him twenty five years for conspiring to kill americans the judge said they would be no evidence against if not for the u.s. sting operation but in trial. and then he goes to unions world of sports i know it's a huge day of action lying ahead on the greens it's certainly it's the last day all of the first golfing nature of the year the masters rory. the so much more not just a sec. this is sports and a plenty ahead including the stories in brief. double digits you need to move
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eleven points clear at the top of the russian premier league with a second successive championship not looking all but in. georgia on their mind peter hanson produces a brilliant third right to take the lead at the masters but three time winner there are phil mickelson such just one stroke. by a long pole in a small school is the final event of the season the champions race for the second straight year. we're going to court for that in a moment but football first word now looks as if the russian premier league title it won't be moving from some petersburg for another year holders and able to post an eleven point lead of the summit's following victory at lock on motif on saturday evening it was the hosts know who should have open the scoring in moscow right after the half hour mark good chance humble in the area allowing you boy or man public chunk of the step up but the former top instructor could not find a way to. have. snead taking full advantage of that missed opportunity in the
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second half run sure getting seventy five minutes in despite the best efforts of thrust her luck on the line one of the final scores the champions now are closing 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 and g. the first half all serious kavis easy runs have a goal of the way they were breaking through at will but always with the end result . here headed by your cough and some your edge so began to carve some chances of their own in the second half but no no one has to be the final score with saskia left to wonder whether this was the game that saw their title hopes on rubble for good this season. rubini sure the points following a one one draw in some way the law school side just missing the chance to second temporarily at least displays them at missing move which opening for the host in the ten minutes with
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a quite supplying chip however nelson fall days with then level knowledge after sixty seven minutes with this header he now must stay third in the table reaping six. relegation playoffs. despite zahari zero coughs sending off just before the hour mark this i thought merkel disadvantage the hosts would take the lead thanks to an own goal from alexander gets on sixty nine minutes one nil the final score and perm both sides they see it from the props and from. the government chelsea kept the pressure up for a champions league spot after claiming a late win over weight in the premier league and suffered a one firing home in the ninetieth minute for a dramatic victory the blues not two points adrift of fourth seeded are still in manchester city on sunday meanwhile third place spurs were unable to break on a disciplined sunderland side or a wins for film and west brom while liverpool halted a three game losing streak drawing at home. the longer the game when
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a strong leader the more determined we were to go. we are going to go on the thing because you have more. little messy continues to state his case as the greatest footballer of all time the barcelona star netting a brace against reality. that is quite incredibly sixty goals in all competitions this season the twenty four year old now on the fast track. all time mark of sixty seven gold messi coming to the rescue with a game tired one apiece late in the first half even had to wait four minutes from time to get his second which came from the penalty spot or so winning four one overall the world player of the year needs seven goals now to beat the single season record set by brian unit during the one hundred seventy two seventy six. per just golfer phil mickelson has found so one shot behind leader peter hansen with just a run to go at the masters left he clearly on the right track at the year's opening
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major the americans claim the green jacket the last three times he was part of a leading puck heading into day for the forty one year old didn't part of single birdie in the front nine but find his rhythm after the but this eagle on thirteenth preceded birdies on the tenth on twelve volts. hansen meanwhile did one better playing in only his second masters ever the thirty four year old also shining primarily on the nine four birdies in the last five and the lead line under louis oosthuizen six third the twenty ten british open winner overcoming a perv bogeys the car to three under sixty nine for the day but all eyes are not man left. but this is a really fun day and. it gives 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 march to have to go out tomorrow and do i still to play some great coffee on a tough golf course with some template placements but having that opportunity to be
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in the final group here at the masters on sunday it's a great feeling of professional golf. poll on orlando's center dwight 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 stump on good indeed to be fired took a backseat to the much except purple formants in a win over the sixers on saturday howard denied those recent allegations are no doubt was hoping he and his teammates could do their talking on the court in philadelphia glyn davis the perfect psychic to delight superman notching twenty three points twelve rebounds big baby as he's known coming fairly easily to forty five forty in the third with this the fall of his recruits meanwhile registered his ninth game with at least twenty points on his many redefines tying his personal best from the two thousand and eight zero nine season the magic eventually starting their five game losing streak with an eighty eight eighty two to three. let's talk tennis where lucie safarova will populated with string a williams in the final of the family circle cup later today both players dominant
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in their semifinals with two thousand and eight champion williams brushing aside some not astute or williams loss to be a strain on last year's u.s. open final but this encounter was a different story the younger of the williams sisters starting off in blistering for taking the first set six one she would go on to avenge her sister venus who was ousted by stu's or in the quarterfinals of the tournament by wrapping up the second set by the same score williams calling it one of her best ever performances afterwards taking care of business in less than an hour. her upcoming opponent so far if it was even more dominant against polonia herzog the czech star not giving the slovenian inch taking the first step to loath so far to fighting off all three of her dogs gain points successfully resulting in a rare double bagel a victory six loafs six love the upcoming final should prove it tougher test williams has beaten so far for all four times the preposition.
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finally biathlon fans in moscow got a rare treat this weekend when some of the sport's top names descended on the russian capital to take part in the season ending champions race richard bump or fate reports. for two thousand and eleven two thousand and twelve biafran season has been a strange one for the russians number successes but also a number set bangs told of a plaintive podium finishes drinkable cup season pulis said about the world championships and recalling the best way to manage to claim a paltry true bronze medals poser that was all put in the past was top stars from russia the rest of the world took part in a race of champions which brought to a close religious campaign. the first was the women's my starts of short most of the world's best competes. for a grammy out of frustration world championships she managed to train for the silver medals but whether she was to go one better in moscow she claimed top spot on the
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podium turned her season on a high note and i make nice easy they're here in the pen but i have no idea so i may be that way but i believe that it's ok. bush is over sights of a good 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 to perform in the russian capital which is a bit tense and it's great to have this race in moscow it's fantastic for the fans and also to help balance the sport and make it more popular it's rare to have a grandson and hopefully it'll get more children to take up the security i mean on the men's race but everyone has their eyes almost all the ajnabee on. the norwegian who's arguably the greatest ever by our fleet 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 golds of the latest world championship.
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however the six time a limpid gold medalist was unable to make an impact in moscow first place the entry went in your coat pocket selenium brushes i'm trying to pull in came home in seconds neil helga stinson 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 a shot really well and that was very important for me i managed to ski well i'm overall i'm more than satisfying and finishing in second was a bonus. amazing to be battling to the big cities because something is good for the future. of the russians this event was more about putting on a show for the spectators rather than worrying about podium finishes as the competitors can now have a well deserved break for the new season starts later in the year. but one finds in moscow been given a real treat is often in with some of the biggest names in the sport certainly the
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russian capital was event brings a close to the two files eleven two thousand and twelve season the campaign has had mixed results for the russians in all competitions both sides look good soldier lympics less than two years away. we don't see. is all your sport for whether it's next year or twenty four hour r.t. . filmmaker. and. the. director's cut of a real life. prison on charges. if
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. you.

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