tv [untitled] April 8, 2012 10:30pm-11:00pm EDT
10:30 pm
this is all she's a weekly welcome to the program the headlines. the botched response a series atrocity just days ahead of the ceasefire deadline opposition rebels have refused the regime demands guarantees before damascus for its troops. about twenty trim presidential hopefuls have now hundreds of applications for the race to take up this seat led by hosni mubarak who was ousted over a year ago the muslim brotherhood the most awful political group that's fielded a kind that despite the previous pledges pledges not to do so triggering fears of
10:31 pm
pushing the country on a strict islamic try. and moscow calls the case of bix to boost his promotion raise it and vows to bring the damaged russian arms dealer home that sound check if you are scored ascensions the businessman to transcribe is all conspiring to kill americans. next we asked the former head of the european central bank is franco true shea how criseyde hero might escape the cycle of cuts and bailouts. well today we're joined by. now 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 cover last year thanks very much i'm a search engine for joining us today it's
10:32 pm
a pleasure in first question would like to know you said at the federal reserve conference very recently that you think we're still in a crisis but your successor meyer draggy of the e.c.b. said that the worst of the euro crisis is over is the worst really over you know i was alluding to in my all understanding you can go what happened 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 crazies the african craziness we had the prince formation 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 new advanced economy since also have only advanced economy themselves have to adapt their final four
10:33 pm
sector and it started with the you know the financial turbulence while those and so forth all saw they are all fiscal policies i really trust that it is a global crisis of you advance they couldn't meet and of course the your period had their whole in a difficult period left to work on the old governance economy governance well terms of the euro crisis mr westover are we out of the woods at this point i think that we know that it is out of work to do because. what you have to do it clean is for all countries the capacity including those who are in great difficulty to demonstrate that they have fiscal policies only going to be policies in general competitive policies that are sustainable in the long run in a big run. these two for the your period but he thought so too for the other big millie's of the advanced countries i think it's really now we're demanding
10:34 pm
a new move of the investors observers savers the world over to our cool good at least 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 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 that the new other advanced taken in 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 as demonstrated that it was not good but all that being said i think
10:35 pm
that all countries. it is again a new feature of the booty call to be all countries including your votes they're going to be have to be able straight that they have strategies and they have fiscal policies that are sustainable in the medium broad otherwise they will not inspire confidence so in a way the you where the problems are the the center of the larger problem which is you. characterizing all the votes they could be in by all understanding of the situation this is maybe a basic question but it's being raised right now ever since the crisis seemed solution seems so far can europe go ahead united 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
10:36 pm
the have you over the year just adjustment is needed in an orderly fashion and the solution which has been filed by the european greece is by far of course the world's best they could have a profoundly approach that do you think this is the end of greece one thing bailouts i mean do you first see even more biotic not just continue was a cycle again we will see what happens but it's clear that the commitment which is being taken by the greek government. sensitivities as you know because there is a there has been national union to agree on that would be help of the international community as a whole and the help of the european or this seems to 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 they couldn't me and i didn't buy your own
10:37 pm
understanding of the transformation of our planet also in all it's going to because of the planet and democracies of the planet where have to do the job. this is no time for complacency nobody should be complacent but it's true for all of those without any 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 who's right where is the balance here how do they go for it it's an issue for all advance they could need to correct their project early particularly as regards of their fiscal policies when you have had plan and see to spend more than you were on all the. time and whatever you do in whatever continent you are in whatever category of country you are i have to
10:38 pm
correct you cannot continue eternally to spend or the new world this is true for country as well as for individuals if i may offer firms so again a post that there is no. contradiction between what is called austerity which i would call that true sound policies you know but because what is called austerity very often is only that instead of spending much more than you were on your own little or no new or a look at this through spending that which you heard 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 even culturally as not lost any confidence as always behave properly there is no problem for that company of course but of as policy
10:39 pm
makers 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 is all this policy making into 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 revenue. and so forth all school trees have jobs and the their own employment is diminishing and diminishing and diminishing even in the time of a terrible crime not to do with those that don't explain with me when you did not behave properly i'm not speaking of any particular corporate foregut i'm not speaking only of your i'm speaking of the entire work then at
10:40 pm
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's complaining but if you give a lot of money to anybody and then you tell a man i give you too much money you have to take it back then you insuring it anybody to give and get back is something which is as well as human nature is concerned explore all the difficult and clears 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 this very difficult situation 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 who have we are heard going brilliantly over
10:41 pm
the past year o's are creating a new set of extraordinary buoying year economies and i think that the for some of them of course he 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 practically not and so you know the. have to be the best or how they're all very rapid development so it's a very nice you know you ease you to cope with her you are going very very fast how do you manage that and they are now part of the global you can be 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 brakes are
10:42 pm
playing playing a decisive role in this handling of the global economy but i would say they have the problem again a really close there that we all have to be very careful with the question about you no longer head of the e.c.b. but 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 do you think there should all be slashed. this is. you know in all all democracies the level of revenue ration not only in the banking sector but book in general and they could see that in the u.s. equity that in the u.k. we can see that in your force and everywhere in the world so we have to reflect on that because there are value you know democracies which are not easy.
10:43 pm
they made by 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 in our democracy is there value in these values have to be respected so should the employer should not slash those for compensations we've reviewed i think one should goof who are better understanding by the interest of the persons themselves and the interest of the sector and again i don't mention exclusively the car or sector that there are behaviors that shocking in the perspective of your a lot of fellow citizens the motor city as a whole and this is again what is fundamental all right thank you very much it was
10:44 pm
a thank you. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule today. good also going to see a story and it seems so poorly sleep you think you understand it and then you glimpse something else here so you saw the part of it and realized everything you
10:45 pm
thought you knew you don't know i'm sorry welcome to the big picture. the full story is an aussie to the box of these plans the series in jeopardy because the days ahead of the season a deadline for the troubles from the fuse to regimes demands full guarantees the full ten months because some of these trades. about twenty two presidential hopefuls have now handed obligations for the race to take up this seat led by hosni mubarak was ousted over a year ago the muslim brotherhood the most powerful political group has still to come to that despite previous pledges not to do so triggering fears of leaping to see up to a strict islamic law. and moscow called the case a big surprise politically motivated violence to bring damage to russian arms
10:46 pm
dealer home that's now say the us court sentenced the business management to five years of conspiring to kill him. that's the headlines right now paul try it as we're going to sporting action. hello welcome to the world of sport here is where we go coming up. moving on up spartak moscow because banditry male to move up to third place in the russian premier league and i'll just one point behind second place says car 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 four one victory over astraea they now face the usa in the last full . on the blades of glory we recap the conference finals in the k
10:47 pm
h l playoffs as i have been guarded until now moscow prepared to contest the good car and cup final. starting with russian football and spot a moscow have moved up to third place in the premier league table that's after beating command two nil at the luzhniki stadium on sunday a long range strike from a manual and mini 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 as simple toppin made it to nail despite the offside claims from the away team. and i'll just one point behind second place says carr moscow in the path of the champions league football next season. on sunday in the relegation brink of secrecy a three one win over second brought until 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
10:48 pm
chance to level with a hands on kind of was fouled in the box alexei red card making a mistake from twelve yards to make it one one soon after the home side were had once more the lads a heating pad survives it from a narrow angle it isn't. post. the school beyond any doubt after eighty two minutes finishing from close range win means tom cut adrift in the drop zone eight points from the playoff places. meanwhile spot arnelle 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 belgica rock bottom of the relegation group and seemed destined for demotion team or should share was in temporary charge for the remaining five games of the season. we were all on saturday's in a. giant step towards retaining that title collect his men extended their lead to the top to eleven points with a one nil win
10:49 pm
a locomotive although it was the hosts who could have scored first however a room on public has penalty was well saved by a vicious modifier after half an hour then he took full advantage of the missed opportunity in the second half graeme i'm sure because of netting seventy five minutes and despite the best efforts of terrorists on the line say one of the final scores the champions close in on title number three. for second place says carr slipped up in their quest to keep the pressure on the ladies the army man a failing to break the deadlock at home to do slings and g. the first half skull this hazy run typical of the way they were breaking through will prove ways with no end result angie though spearheaded by eurasia and samuel eto began to carson chances of their own in the second period but no mail was the final score with says carr left with a lot to do if they are to prevent their meet 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
10:50 pm
q.p.r. old trafford wayne rooney penalty on the second half paul scholes strike were enough to see off ten man q.p.r. who had shown barycenter off after just fifteen minutes meanwhile united's main rivals for the title manchester city last hours no mikel arteta goal with three minutes to play enough to move the gun is out of the city now 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 to one heading into the final day of action therefore the average for a new a victory a video game else in the reverse singles would be enough to see his side progress but well tonight is way around a clay court and the one time french open semifinalist had to break points in the opening game however he couldn't convert either of them and for their went on to cry during set seven five from that point onwards it was not small plain sailing
10:51 pm
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 hosts an unassailable three one because late to beat alexander to complete a full one victory for the reigning champions. well they now face the usa in the final four days after they won three two in france it was john isn't it victory over jerry wilfred tsonga which proved to be decisive his heart for 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 to visit his world without world number one novak djokovic meanwhile argentina be croatia by the same
10:52 pm
10:55 pm
10:56 pm
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 of me 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
10:57 pm
35 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=647539995)