you're watching aussie weekly review the headline is. the u.n. box response for syria is and jeopardy just days ahead of the ceasefire deadline opposition rebels have refused the regime's demands for guarantees for damascus pulls out his troops. and. also are trying to ensure presidential hopefuls are have now hunted a complication for the race to take up the seat left by hosni mubarak was ousted over a year ago the muslim brotherhood the most powerful political group has fielded

a country that despite previous pledges not to do so triggering fears of pushing the country on a strict islamic. pass most who calls the case a victim of abuse politically motivated and promised to bring village to russian arms dealer home that's up to you us court sentenced the businessman to twenty five years old as my arithmetic of americans is that. up next we asked sean trish a former head of the european central bank our crisis hit europe might escape the vicious cycle of cuts and i doubts. well today we're joined by example 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 so mr fischer for joining us today. in 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 the worst of the euro crisis is over is the worst really over there i was alluding to the fact that your lender still 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 little america crazy is the african craziness we had the formation of of all the socialist part of the world in the market economy and new i would say very powerful economies and we are not observing anything in the advanced economy since all seven of the advanced economy themselves have to adapt their final four sector

and it started with the you know the financial turbulence lehman brothers and so forth and also all the all the fiscal policies i really trust that it is a global crisis of you advance they could have me and of course the your beard have they all in a difficulty and have to work on the old governance and going to be governance well terms of the euro crisis is this the worst over are we out of the woods separates point i think that we know that it is hard work to do because. what you have to to obtain 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 the medium and long run but that is true for the your beard but he thought for the other big kind of meetings of the various 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 at least including the advanced economy to demonstrate that they are sustainable in the medium and long speaking of advanced economies and sustainability the u.s. for example it's 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 but they couldn't we say in the signals that would be destabilizing i am very confident that we will not experience again. on the ceiling for the borrowing some of the 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 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 center of the larger problem which is you. characterizing all the votes they could only 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 it seemed that solutions seem so far can't ignore or 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 the have you will be you're just not where adjustment is needed in an orderly fashion and the solution which has been found by the european on greece is by far of course the first best they could have a portfolio approach that you think this is the end of greece one thing bailout and when you first see even more be a lot it will just continue was a 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 to agree on that the help of the international community as a whole in the hope of your gear and all this seems to me the right and appropriate way to proceed now of course. in that particular place as well as in the year where we are as well as in europe as

a whole as well as in all advanced economy in 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 telly and 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 print you can 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 move forward it's an issue for all the votes they could need to correct their project of any particularly as regards of their fiscal policies when you have had town and see to spend more than you or i'm all over the whole period of time and whatever you do whatever continent you are in whatever category of country you are

you have to correct you cannot continue eternally to spend all the new world this is true for the country as well as for individuals if i may offer for those so again like post that there is no real contradiction between what is called austerity which i would call back to sound policies you know but because what is cool austerity very often is only that instead of spending much more although you were you spend northern you were a look at this through spending ireland where you were so how can 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 evil tree has not lost any confidence has always

behaved properly there is no problem for that country of course and as policymakers economists as the financial markets investors as they pull together thinking about confidence and balancing steady and growth what if you want down the street and someone comes up to you and says mr cliche i haven't had a job for ten years what is what is all this policymaking mean to me as you know those cold freeze that we all run in a very prudent way and that we are not spending more that more than we were. we are earning we are not distributing revenue is abundantly and so for us also trees have jobs and the there and employment is diminishing and diminishing and diminishing even in the time of a terrible crime not 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 not speaking only of your i'm speaking of your entire work 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 a wise policy is 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 far as human nature is concerned. in the difficult and clears a lot of problems and it is more as what we have that there is and why we have to prevent bad policies and monitor policies permanently in order to avoid to be put in this very difficult situation where 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 brits are precisely those who have we are going brilliantly over the

past years creating a new set of extraordinarily boiling economies and i think that the for some of them of course the had also problems in the past i'm speaking of russia speaking of brazil. and there had been a long period where india and china as i said we are not growing at all or probably not and so no the. have to be the better of the old very rapid development so it's a very nice you know you eat you to cope with oh you are going very very fast how to manage that and they are now 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 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 their own problems again they really close though that we all can be very careful with question about you know 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. this is. you know in all all democracies with this level of regulation not only in the banking sector. but in general they could see that in the us i can 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 easily.

they may go by by some. sectors but 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 reduce standard that in our democracy is their values and these values have to be respected so should the impression not be slashed compensations we've reviewed the un should go off we were very clear understanding by the interested persons themselves and the interests of the sector and again i don't mention exclusively the car or sector that there are behaviors that shocking in the perspective of europe of fellow citizens of the democracy as

a whole and this is a pin where these fundamental alright thank you very much it was a thank you. i'm issuing. a grinch a sugar free store charge free. range amongst free. three stooges free. mold free blog just sold in video for your media project and a free meal gone to r t don't talk. is easy. to.

be an easy. oh. to headline a saucy big one box response a series of jeopardy just days ahead of the ceasefire deadline opposition rebels have refused their regimes demands hold guarantees before dusk just pulls out a street from about twenty egyptian presidential hopefuls now hundreds of other but of the patients for the race to take up this seat left by hosni mubarak was ousted over a year ago and the muslim brotherhood the most powerful political group has fielded a candidate despite previous thread just not to do so triggering fears of the country on the street as a lot of. also calls the case of exhibits police clear most razors and vows to

bring damage to russian arms dealer that some say u.s. court centers the business model trying to buy is all conspiring to kill them or. only trying to sound exploit the latest sporting action. hello welcome to the world of sport here is where we go coming up. moving on up moscow if we could ballot true male to move up to third place in the russian for emulate and i'll just one point behind second place sasco in the race for champions league football. no pain for spain the defending champions ease into the semifinals of the davis cup with a comfortable for one victory over austria they now face the usa in the last four. blades of glory we recap the conference finals in the playoffs as alan card until

now moscow is prepared to contest it darren cup final. starting with russian football and spot have moved up to third place in the premier league table that's after being in command to nearly the luzhniki stadium on sunday a long range strike from the manual and many 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 valery calkins men are now just one point behind second place says carr moscow in the battle for champions league football next season. on sunday in the relegation drink pepsi crossman a three one win over second vote and so on pavel go to share putting the home side had 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 their hands on cards or was fouled in the box alexei record making no mistake from trial the odds to make it one one soon after the home side had once more not allowed say beaten path vasic from a narrow angle it isn't. post and ramos. put the school beyond any doubt after eighty two minutes finishing from close range the win leaves tom cut adrift in the drop zone eight points from the playoff places. meanwhile spots are now chick head coach. has resigned he's 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 broken seemed destined for the motion team no should share was in temporary charge for the remaining five games of the season. meanwhile on saturday's innocent pieces giant step towards retaining their title of . his 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. as

penalty was well say private modifier after half an hour then he took full advantage of the missed opportunity in the second half promotion because letting seventy five minutes in despite the best efforts of terrorists pull out of the line say one nil the final score is the champions closing 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 angie the first off their skull this hazy run typical of the way they were breaking through will through ways with no way result angie though spearheaded by eurasia and samuel eto began to carson chances of their own in the second period but nearly always the final score with says carr left with a lot to do to prevent the neat from winning the title. meanwhile over in england manchester united have opened up a healthy eight point lead over title rivals manchester city after eternal win over

q.p.r. at old trafford wayne rooney penalty on the second half full scholes strike were enough to say of ten months you have shown very sense of after just fifteen minutes meanwhile united's main rivals for the title manchester city last hours know a mikel arteta goal with three minutes to play enough to move the gun is up to see if you know a 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 the average for their new a victory over melts in the reverse singles would be enough to see his side progress but not so nobody's way around the clay court and the one time french open semifinalist had to break points in the early game however he couldn't convert either of them until there went on to play during set seven five from that point onwards it was much more plain sailing for the world number five as 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. who are they now face in the usa in the final four days 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 to 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 v croatia by the same school i

. now finally that brings us to the k h l i swear i do not know moscow proved to be the best in the west where i've been badly crowned champions at least they now mate in the garden cup finals which begin on friday police first remind you exactly how they got here. live

. live live live

. live .

live live . live. live . well that's all the sport for now plenty more lights a whole twenty four hour i'll say it.

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 doctors 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 elizabeth 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 it's where side effects serious life changing side effects.

all. wealthy british.

markets. into the global economy in the. lead. player.