eight thirty pm in moscow easy to r.t. headlines the un back peace plan for syria on the rocks and days ahead of the ceasefire deadline syrian rebels have refused the regime's demands for guarantees they'll lay down arms before damascus recalls its own troops. all of egypt's presidential hopefuls have submitted their applications out of the first round of voting next month several candidates hoping to fill the shoes of hosni mubarak was ousted more than a year ago. and the week's other main news moscow vows to secure the return of

victor boot saying his case is politically motivated this after u.s. judge sentenced the russian businessman to twenty five years for bars for conspiring to kill americans. up next we asked the former head of the european central bank john cloud tree shea how crisis hit europe can escape the vicious circle of cuts and bailouts stay with us. well today we're joined by a truck load see shay 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 leaving the post in october last year thanks very much i missed much in shape for joining us today because of it 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 maya draggy of the e.c.b.

said that the worst of the euro crisis is over is the worst really over i was alluding to the. buy your going to go what happened happened. over and we have now. structural adaptation of the advanced economy you know over the last thirty five years we had to let you know later crazy the african craziness we had the transformation 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 your advanced economy since all save the advanced economy themselves have to adapt their founder for sector started with the you know the financial turbulence. and so forth all saw they are

all fiscal policies i really across that if these crazies of the advance they could have me and of course the your appeared to have their hold a difficult cleared after work on their own 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 we know it is out work a deal because. what you have to come a pin 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 a big human morality but that these true for the your people i think thoughtful for the other big kind of b.s. of the advanced countries i think it's really now demanding a new move of the investors observers savers the world over to other people or is

improving your advanced economy to demonstrate that they are sustainable in the medium and long 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 other advanced economy 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 there was trying to do it was not good but all that being said i think that all countries. it is again oh new feature of the

global economy all countries including you advance because we have to be able to trade that they have strategies and they have it's called policies that are sustainable in the medium run otherwise they will not inspire confidence so in a way the. problems are the a.p. 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 illusion seems so far can we go ahead united as is seen by leaders without the euro with greece possibly having its own currency back just to fix its problems i think that for any country the first best is of course by far to have you on the you're just not when adjustment is needed in an orderly fashion and

the solution which has been found in. the european on greece is by far of course the world's best they could have a perfectly trudge that you think this is the end of greece wanting bailouts i mean do you first see even more bailouts which is continuous cycle again we will see what happens but it's clear that the commitment which has been taken by the greek government and. sensitivities as you know because the reason there has been a national union to two or three on that the help of the international community as a whole and the hope of the european or the sinister me 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 in all advanced economy and i did my own understanding of the transformation of our planet also in all it's going to be is of the predator and

democracies of the planet we have to do the job. this is no time for complacency and nobody should be complacent but it's true for all of us we don't. let's look at a stair to measures portugal italy greece and spain some say they spend too much others say a stare it is 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 correct but they are clearly particularly as regards of their fiscal policies when you have had ten and see spain more than you or i'm all world or a long period of time whatever you do whatever continent you are in whatever category of country you are and i have to correct it you cannot continue internally to spend more than you were this is true for the country as well as for individuals

evade me or for firms so again a cost that there is no healing contradiction between what is called austerity which i would call back to sound policies you know where because what is called austerity very often is only that instead of spending much more although you were you spend only little or no although you were a look at this through spending your idea there which you were 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 a 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 country of course but for as policymakers as economies as the financial markets investors as they pull together thinking about confidence and

balancing serry and growth what if you walk down the street and someone comes up to you and says mr x. and share i haven't had a job for twenty years what is what is all this policy making into neat as you know those called freeze that will run in a very prudent way that we are not spending more than more than what the. we are earning we are not distributing revenue is abundantly and so for those countries have jobs 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 explain why we you did not behave properly i'm not speaking of any particular country but forget i'm not speaking only of your part i'm speaking of the old plywood 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 wife's policies permanently then

nobody is 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 can surely get anybody. to give and get back is something which is as well as human nature is concerned explore all of the difficult then clears a lot of problems and it is more as what we have had good 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 brakes now do you 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 who have well who are going brilliantly over the past year goes creating a new set of extraordinary year buoying you totally and i

think that they 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 as i said we are not growing at all or practically not and so you know the. have to be the best or are there all very rapid developments so it's a very nice you know each you to cope with oh you are going very very fast how to manage that and there are no part of the global economy of the decisive part of the global equally 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. now the brits are clearly playing a decisive role in this handling of the global economy but i would say they have

the old problem again a really a purse though that we all have to be very careful with the question about you no longer have the simple events 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. this is. the issue in all of the work receives the level of remuneration not only in the banking sector but but in general they could see that so in the us i could see that in the u.k. we can see that. in your 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. all sectors and i

think that this has to be transmitted progressively of course we are in market economies of course market economies after 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 slashdot's should compensations review the un should get off better understanding by the interested persons themselves and the interest sector and again i don't mention exclusively the car or sector that they are behavior is that shocking in the perspective of europe of fellow citizens democracy as a whole and this is again where these fundamental right thank you very much it was a thank you.

the official the kaisha you on the phone pulled touch from the still. life on the go. video on demand on she's mine gold coast's. or a sense feeds now in the palm of your. machine on the come.

you win back east plan for syria on the rocks and days ahead of a cease fire dead like syrian rebels have refused the regime's demands for guarantees they lay down arms before damascus recalls its own troops. all of egypt's presidential hopefuls have submitted their applications ahead of the first round of the vote next month several candidates hoping to fill the shoes of hosni mubarak who was ousted more than a year ago. at another news shaping the week was to secure the return of victor boot saying his case is politically motivated this after u.s. judge sentences the russian businessman for twenty five years behind bars for conspiring to kill american. paul up next with sports stay with us here on r.t.

. thank you mark welcome to the world of sport here is what we've got coming up title chasing zooming to move eleven points clear at the top of the russian from nearly as they close in on a second successive championship. super serena the younger of the williams sisters brushes aside u.s. open champion sound stosur in straight sets to reach the final of the family circle cup. and the blades of glory will recap the conference finals in the k h l playoffs as of in god and in our last contest but the garden cup final. but starting with the russian football on spartak moscow who have moved up to third place in the premier league table now so after being think about internal at the

luzhniki stadium an early goal from emmanuel and the nikkei in the seventh minute and out a strike with half an hour to play secure the points for gallery coppins man there now just one point behind second place says khan moscow in the battle for champions league football next season three more early on sunday in the relegation group that's a question of claim a three one win over second quarter i'm told. the opening goal coming right on the stroke of half time pavel going to share it with an equal to the home side had the visitors started the day second quarter of the relegation group but in the sixty eighth minute they had the chance to level one and turn cause of was fouled in the box alexei read called make no mistake from twelve yards to make it one one soon after that the home side were had one small outs are not allowed say please and pass a visit from an hour while it is near post and the run was. at the school beyond any doubt after eighty two minutes finishing from close range when leaves tom

cutter drift in the drop zone eight points from. the play off places. me more spartan no chick head copes you have has resigned he been in charge it's only june last year his contract with the trouble expired at the end of the season but he's decided to walk away early now to rock bottom of the relegation group and saying destined for demotion to worship shared is in temperature for the remaining five games of the season. meanwhile on saturday's innings in principle a giant step towards retaining their title. these men extended their lead to the top to eleven points with a one no when i looked motif over it was the host so you could have schooled first however roman pavlyuchenko penalty was well say twelve which is nullify as after half an hour then he took full advantage of that missed opportunity in the second half or non-issue because of netting seventy five minutes in despite the best efforts of tara spurlock on the line so one nil the final score is the champions

title number three. second place they are slicked up in their quest to keep the pressure on the leaders though the army men failing to break the deadlock at home to crystal it's angie the first half also this hazy run typical of the way they were breaking through well but always with no end result spearheaded by eurasia than samuel eto began to carson chances of their own in the second nil nil was the final school left with a lot to do there to prevent them from winning the title. meanwhile dinamo in ruby shared the points following the one one draw the moscow side does missing the chance to win second temporarily at least based on missive it shaping for the hosts in the tenth minute with a brilliant chip however nelson valdes would then level matters after sixty seven minutes with this header and i'm a good thought to be six. meanwhile over in england manchester

united have opened up a healthy eight point lead over title rivals manchester city after eternal well over key p.r. at old trafford the visitors were down to ten men after fifteen minutes when shown very controversially saurez for a foul on ashley young in the thoughts were there appeared to be limited contact and united food was offside going really converted the resulting penalty for paul scholes added a second of the half time in while with just moments to play at the emirates stadium still go. always between arsenal and second place manchester city. and orlando magic center dwight howard has been in the n.b.a. spotlight for all the wrong reasons lately but the rumors that he has asked the team coach stan run gundy to be fired took a back seat to the magic super eighty eight eighty two win over the philadelphia seventy six is on saturday howard tonight those recent allegations and no doubt was hoping he and his teammates could do the talking on the court glen davis the perfect sidekick to howard not in twenty three points and twelve rebounds big baby

as he's known cutting phillies lead to forty five forty in the first with this past get the foul howard meanwhile registered his night with at least twenty points and as many rebounds equally his personal best from three seasons ago the magic eventually snapping a five game losing streak with an eighty eight eighty two victory. now to tennis where lucie safarova will battle it out with serena williams in the final of the family circle cup with both players were dominant in the semifinal encounters with two thousand and eight champion williams brushing aside samantha stosur williams lost to the australian in last year's us open final this encounter was a different story the younger of the williams sisters starting off in blistering form taking six one would go on to avenge her sister venus who was ousted by stosur in the quarterfinals by wrapping up the second set by the same school i really am schooling all of her best ever performances afterwards taking care of business in

less than an hour. coming opponents suffer over was even more dominant against paloma has called the czech star not giving the slovenian an inch taken percepts a love for over a fighting off all three of her songs and gain points successfully resulting in a red double bagel victory six love six love the upcoming final go through a tougher test williams has beaten suffered over a full times they had previously played. meanwhile defending champion spain have breezed into the semifinals of the davis cup for the comprehensive school one victory over austria in the last for their host the usa of the joyousness forces with a ritual for its tsonga so few of their progress at the expense of frogs the czech republic face nastily is minus argentina in the other semifinal. now finding that brings us to the k h l i swear to my moscow proved to be the best in the west well

of and god were crowned champions of beasts they now meet in the garden cup finals which begin on friday but let's remind you how exactly they got. lead live live.

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little. or. little. well that's all the school for now but just before we go on to tell you that also had just taken the lead against manchester city make a lot with a goal three minutes from time at the emirates stadium that's our only sport for now i'll have more for you in a little under two hours. filmmaker

. and. the. director's cuts of real life in prison on parties. own globe will all be. wealthy british scientists are. not on the. markets financed scandals find out what's really happening to the global economy for a no holds barred look at the global financial headlines to name two crimes a report on our key.

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