twelve thirty am in moscow these iraqi headlines the u.n. backed peace plan for syria on iraq's days ahead of a ceasefire deadline syrian rebels have refused the regime's demands for guarantees they'll lay down arms before damascus would hold its own troops. all of egypt's presidential hopefuls have submitted their applications at the first round of voting next month and several candidates hoping to fill the shoes of husni mubarak was ousted more than a year old. and moscow vows to secure the return of victor boot saying the case is

politically motivated this after u.s. judge sentenced the russian businessman to twenty five years behind bars for conspiring to kill americans. next we asked the former head of the european central bank john klein tree shea how crisis hit europe may escape the vicious cycle of cuts and ballots. well today we're joined by a. 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 a polder last year thanks very much i'm especially for joining us today because of 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 but your successor maya tribe gave 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 the buy your don't understand you go what happens happened in or seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had little america crazy is the african craziness we had the prince formation of of all the socialist part of the world in the market economy. knew i would say a very powerful economies and we are not observing in the thing in your advanced economy since also the advanced economy themselves have to adapt their standard for a sector and it started with the you know the turbulence while those and so forth all saw the old fiscal policies i really tries that it is

a global crises of you advance they could have me and of course the have the old difficulty and have to work on their old governance economy 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 that it is hard work to do because. what you have to prove clean is from 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 to the school for the your peers but it thaws for the other big release of the advance countries i think it's really now we're demanding a new move of the investors of service savers the world over to our use

including the 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 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 well first of all i hope very much the new order of the birds they couldn't we send signals that would be destabilizing i am very confident that we will not experience again. on the ceiling 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 your votes 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. problems are the the center of a 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 is seen by leaders without the euro and 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 the have you or the you're just not well i just know it is needed in an orderly fashion and the solution which has been found by the european greece

is by far of course the world's 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 not just continue as a cycle begins 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 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 with as well as in europe as a whole as well as in all advanced they could have me and even by your own understanding of the principle mission of our planet also in all it's going to be is of the planet and democracies of the planet we have to do the job. this is no

time for complacency nobody should be complacent but it's true for all of those with the exception. 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 things 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 we gods and their fiscal policies and when you have had turn and see spend more than you were on all the. time or whatever you do in whatever continent you are in whatever category of country you are i have to correct it you cannot continue internally to spend more than you are on this is true for a country as well as for individuals who failed me or for firms so again

a cost that there is no healing contradiction between what is called austerity which i would call that to sound policies you know but because what is called austerity very often is only that instead of spending much more than you were on and you spend all the new or a look at this spending a year there 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 for growth and job creation i think it is it is a 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 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 cliché i haven't had a job for ten years what is what does all this policymaking mean to me as you know those countries that we are run in very prudent way and that we are not spending more that more than what the. we are earning we are not distributing revenues are bottom clean and so forth. have jobs the there and of climate 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 mean 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. 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'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 well as human nature and screen crn explore all the different then there's a lot of room 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 is a very difficult situation that of our brics 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 where we are going brilliantly over the past years 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 as i said we are not growing at all or practically not and so no the. have to be the best or are they all very rapid development so it's a very nice you know you eat you can cope with her you are going very very fast how do you manage that and they are now part of the global economy of the decisive art 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 of the global economy. now the brits are playing blame your decisive role in this handling of the global economy but i would say they have the old problem again

a really first though that we all have to be very careful question about you no longer head of the e.c.b. but you're in 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 there should all be slashed. this is. you know in all our democracies the this level of where i mean duration not only in the banking sector. but in general but i could see that in the us i could see that in the u.k. you can see that in europe who are for certain everywhere in the world so we have to reflect on that because they are valuable resources and you know democracies which are not easily. if they may you know by by some. sectors. i think this has to be

transmitted progressively of course we are in market economies of course not any good news that can function but it is very very important that all component of the society i understand that our democracies their values and these values have to be respected so should the it not be such lesser compensations review i think one should go off were a better understanding by the interested persons themselves and the interest of the sector and again i don't mention exclusively the car for sector that they are behaviors that shocking in the perspective of fellow citizens will be mostly as a whole this is again what is called a mobile all right thank you very much it was a thank you. lose

. wealthy british sun sign releases sometimes writers.

markets why not. find out what's really happening to the global economy in the cause report on our. un back peace plan of her syria on the rocks only days ahead of a ceasefire deadline syrian rebels refuse the regime's demands for guarantees they lay down arms before damascus to the polls and so on for. all of egypt's presidential hopefuls have submitted applications after the first round of the vote next month several candidates hoping to fill the shoes of hosni mubarak ousted from power more than a year ago. moscow vows to secure the return of victor boot saying the case is politically motivated this after u.s. judge sentences the russian businessman to twenty five years behind bars for conspiring to kill americans. with all the latest sports news stay with us.

well welcome to the world of sport here is what we've got coming up. moving on up spartak moscow if we could ban it true male to move up to third place in the russian for emulate canal just one point behind second place sasco in the race for champions league football. no pain for spain the defending champions easing the semifinals of the davis cup with a comfortable for one victory over austria they now face the usa in the last four. and blades of glory we recap the conference finals in the playoffs as alan god and the number of moscow prepared to contest it darren cup final. starting with russian football and spots are not sky have moved up to third place in the premier league

table that's after beating a band to nearly lose nicky stadium on sunday a long range strike from the manual m n e k open the scoring in the seventh minute after some t.v.'s defending from the visit is the lead was doubled with half an hour to play and simple toppin made it to nail despite the offside claims from the away team carpets and are now just one point behind second place says carr moscow in the path of the champions league football next season. on sunday in the relegation drink pepsi crassness a three one win over second bottom tone pot all go to share putting the home side ahead on the stroke of half time the visitors started a second bottom of the relegation group but in the sixty eighth minute they had the chance to level with a hands on cards or was fouled in the box alexei record making one mistake from twelve yards to make it one one soon after the home side were had once more time on

the lads a beaten path survives that from a narrow angle it isn't. closed and ramos. but the school beyond any doubt after eighty two minutes finishing from place range when leaves tom cut adrift in the drop zone eight points from the playoff places. meanwhile spots are now dick head coach sir guy tashi had has resigned he been in charge since only june last year his contract with the club expired at the end of the season but he's decided to walk away early now a rock bottom of the relegation great can seem destined for demotion team who should share his in temperatures for the remaining five games of the season. meanwhile on saturday's uneaten pieces giant step towards retaining that title we cherish collections men extended their lead to the top to eleven points with a one nil win a locomotive although it was the hosts who could have scored first however ramala probably changes penalty as well say which is not a fire after half an hour then he took full advantage of the missed opportunity in

the second half run i'm sure the core of netting seventy five minutes in despite the best efforts of tara spurlock on the line say one nil the final score is the champions close in on title number three. for second place this car slipped up in their quest to keep the pressure on the ladies the army men failing to break the deadlock at home to do so angie the first of all their skull this hazy run typical of the way they were breaking through will blue noise with no end result ranji though spearheaded by eurasia of the letter if you can think of some chances of their own in the second period the nil nil was the final straw with says carr left with a lot to do if they are to prevent the neat from winning the title. we well over in england manchester united have opened up a healthy eight point lead over title rivals manchester city after a two nil win over key p.r.l. trafford wayne rooney penalty under second half all scholes strike were enough to see our ten man who had shown very center of arthur just fifteen minutes meanwhile

united's main rivals for the title manchester city last know a mikel arteta goal with three minutes to play enough to move the gunners up to six now and points behind the leaders with six games to play. now in tennis defending champions spain are safely through to the semifinals of the davis cup after a comprehensive four one victory over russia's congress austria spain were leading it three one heading into the final day of action there for. a victory a video game melts in the reverse singles would be enough to see his side progress but notes and i was way around a clay court and the one time french open semifinalist had to break points in the early game or that he couldn't convert either of them and flair went on to play except seven five from that point onwards it was much more plain sailing for the world number five that his austrian opponent committed fifty eight unforced errors seven five six three six three the final score giving the host an unassailable

three one because our mudra later beat alexander prior to complete a full one victory for the reigning champions. well they now face the usa in the final four this after they won three two in france it was john isn't it victory over joe wilfred song which proved to be decisive his hard fought three six six seven seven five three six victory over the world number six ensured the usa reached the semi's for the first time in four years it was also france's first home defeat in the competition since two thousand and six. meanwhile the czech republic face last year's finals argentina in the other side. this after they comfortably came through their quarter final with serbia for one the visitors were without world number one novak djokovic meanwhile argentina be croatia by the same school i . now find that brings us to because i swear i do not know most go prove to be the best in the west well haven't garwood crowned champions of the east they now mate

in the garden cup finals which begin on friday but let's first remind you exactly how they got here. live

live. live

. live .

live . live. live live . well let's hold this ball for now plenty more lights ahead on twenty four hour or so.

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. wealthy british style. markets why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to the report.