seeing from the streets of canada. today. calls for foreign intervention in syria grow in some western and arab countries leading to fears that the houla massacre might be used as a pretext for military action but says china has warned against meddling in the conflict it would unleash even more bloodshed ignore. all the headlines from r.t. this afternoon despite expectations syria would also dominate the russian e.u. summit in st petersburg it was russia's own affairs that were in the spotlight that one covered thing once again on the imprisonment of. the dem uprooted reiterated that there was no political interference in the case. and thousands of canadian students returned to the streets to protest against the rising cost of education

two days after talks with. the issue broke that the protesters also say they fear their countries copying the u.s. system has landed young americans in huge dent up next we meet talk to an american economist nobel laureate eric mascot to find out what he thinks is on the rise and for the troubled world economy. mascon apple our it in economics it's great to have you with us today it's a pleasure so let's start with greece and the latest news we know that chrissy's public finance is practically paralyzed three cows that pensions and salaries won't be paid in june and then you have people and companies transferring their assets

out of the country how much worse can actually the cash crunch get will they even be able to get to the seventeenth of june election we don't know the answer to that since since the election is. in the near future i suspect that they they can and hobble through to the election but things could deteriorate and get even worse and in the meantime i see the the greek situation as a tragedy because so much of what has happened could have been prevented if europe were truly an integrated unity if the same steps had been taken on the fiscal side that is the public spending and tax side as were taken ten years ago on the monetary side so that they were they were they were it would be true. fiscal

integration true centralization of fiscal policy. they are. public debt problems that we see in greece that we also see in spain and italy and number of other countries would have automatically have been solved by by virtue of having a centralized europe according to me reports three billion in cash was withdrawn from greek banks. since last election in may and that's nearly two percent of all the cash greek band backs banks hold how sustainable is that well it was clearly such transfers that can't can't go on indefinitely without there being. a banking collapse but that's that's again a failure of. of europe look at what happened in the united states

a few years ago during the financial crisis the federal government stepped in and bailed the banks out and partially nationalize them. europe could have taken similar steps and greece and and did not do so spanish banks sprays bankia has requested the biggest spill out in spanish banking history and have the spanish banks all soak up the already sure spain has had. some real problems too. and. while they have whether or not nearly. as serious trouble. as greece it's. it's bad the austerity program there has has only made things worse but just how much financial power.

to national and the e.u. authorities have to support spain in countries that are in similar situation like italy for example if they wanted. to exercise more power at the level of the of the union they could do it there are lots of things that could be done to ease the fiscal problem and spain and portugal one good idea which has been proposed which i hope will be adopted at some point as the idea of a euro bonds to translates private debts and. or of national debts and so the european objects some fund managers are openly right now dumping the hero assets and it's no surprise that it's running really logans dollar. but is dollar a safe bet at this point i mean america itself has a huge gap and its government up six its g.d.p.

the dollar has always been a safe haven at times of economic uncertainty and i think it will continue to be a safe haven for for many years to come yes there is a. a debt problem in the u.s. in the sense that the debt to g.d.p. ratio is higher than it normally is that it's. if you extrapolate going for the current situation going forward. it looks as though the jet g.d.p. . debt to g.d.p. ratio will actually. continue to increase but in fact. the seriousness of this problem has been exaggerated so you don't look at it as a crisis i look at it as as a problem but as a fixable problem and not

a problem that has to be solved immediately by any means like i think a much more important problem in the united states is to get the economy back to normal form that are still running out of something like eight percent which is too high the first priority should be getting the economy back to normal and then to worry about. about solving the long term debt problem we talk about the ratings agencies i mean how much have they contribute to worsening the crisis because from what i understand and i may be wrong these are independent entities they have owners they trade stock markets why are they allowed to have so much power over the global economy i don't know that they do have so much power anymore i think that they did play a role several years ago this whole sequence of events started in the united states with what was called the subprime mortgage crisis and the rating agencies played

a role and making the subprime mortgage problem worse by overstating the the safety of investing in subprime mortgages by now. i think we've learned to take what these rating agencies say with with less seriousness than was true. which isn't to say that they have no effect but i but i don't think that they have nearly the. power that they had a few years ago pretty thing they have contributed to worsening the crisis a little sure a little bit for example last summer. you'll remember that there was a somewhat artificial debt ceiling crisis in the u.s.

and this led to a downgrading of u.s. debts from aaa to double why. that didn't do the crisis any favor that there were there with there were some temporary turbulence as a result of that i don't think in the long run. it did. serious damage but it was a but it was not. it was certainly not a positive step can i ask you something if let's say two three maybe four years ago someone would have sat that you were already facing at crisis of this scale probably people would laugh in your face like no of course not do you think do you think scholars missed something or is it just that the world economy the model of the world economy is running low and it's out of battery and just unable to deliver

growth now i actually i don't think this crisis was missed i mean. the financial crisis of way nine was was something of a surprise to many economists but the problem with europe were not at all miss that there were many economists very many prominent economists who pointed out at the founding of the monetary union the beginning of the last decade that there was a serious asymmetry between the way monetary policy and fiscal policy were being handled that monetary policy was centralized at the european central bank that fiscal policy was not centralized that in the long run this asymmetry was not sustainable so. it was not a big surprise wedding when the problems. of the problems that this asymmetry generated actually. came to reality

a couple of years ago leaving the euro doesn't really come with a guidebook but you're really good at game theory how does that actually happen how does a country leave a carrot currency. how does that happen they'll have to adopt they'll have to either go back to the drachma or adopt the dollar or adopt some other currency these things have happened before countries have changed currency and it's usually a somewhat bumpy process it's very rarely a smooth transition and it's not expected to be smooth in this case especially with volatile people like in greece right but but it can happen how rough can you get relief that happens it could be very bad for for greece like well like civil war revolution well. again you're asking me to make political

predictions it could get very much worse economically. i mean. greece could go on. into a long term depression unemployment could grow to astronomical heights it's already very high but it could it could certainly get higher. things are by no means currently as bad as they as they could get more do you think chris will be in one year's time from now this is a question which we don't know the answer to because it it depends so much on on politics i think at this point given what has happened it's more likely than not the greece will leave the theater and. i don't i can't say that with enormous

confidence but. the signs seem to be pointing in that direction right my skin thank you very much for this interview my pleasure. i had a family i lived in a failing nice community wasn't rich it was an upscale it was just like you know archie bunker society ok then they started showing up what happened was my company decided i could get cheap labor and they got rid of us actually do it is there. was legally blind legally we have to get up every morning we have to go to work and you know we have to pay our bills and we have to do it and that's just the american dream and if you want the american dream you have to go by the last like figure here's one of the major trails into the united states. i watch and they run run

down my property and something about this noise the ball the ball the net cockroaches from coming over the wire is protecting the country i'm the kind of guy who doesn't mind goodness pants dirty so i come out here you know we're all immigrants as well that we all here are some somewhere else.

headlines from r.t. calls for foreign intervention in syria grow in some western and arab countries leaving your fears the houla massacre might be used as a pretext for military action such as child as war against meddling in the conflict would unleash even more bloodshed and. despite expectations syria would also dominate the russian reuse summit in st petersburg it was russia's own affairs that were in the spotlight earlier when commenting once again on the imprisonment of former all tycoon mikhail khodorkovsky in retreat or that there was no political interference in the case. and thousands of canadian students returned to the streets to protest against the rising cost of education two days after talks with quebec authorities about the issue broke down the plasters also said they fear

their countries copying the u.s. system this landed young americans in debt. this is r.t. now world sport. thank you very much kevin welcome to the sports headlines here and i'll tell you this is what's coming up i want to know me russia's sole representative in the french open maria sharapova looks a bit hard place in the last stage of the competition against czech cloud as. out of the rough tiger woods and three run toward men to his career best stunning win of the morrill. river ron in moscow plays host to the latest stage of the new world cup which also acts as an important prep tournament for russia's london twenty twelve olympic hopeful. but let's start on the clay courts of the french open where russia's only remaining representative maria sharapova is in last

sixteen auction in paris the second seeded long cool looking to book a place in the quarterfinals greats unseeded. of the czech republic i can tell you she was totally fool to walk in the set later another check attributes of the wimbledon champion plays american bravado. defending champion li na takes on jaroslava. he's up against our own children of the netherlands. in the men's game home favorite john wilford song is through to the last eight he saw off stanislav in five sets and now faces novak djokovic in the quarters spaniard nicolas almagro beat out of it in straight sets while his compound for the enjoyed an equally as comfortable victory over moss i would propose no this is a relative walk in the park this one for the clay court specialist the spaniard sent his compatriot packing in three sets six three six two six love next up in the last eight is either andy murray just great. or they meet in their last sixteen

clash a little later on when martin del potro. we just beat in check thomas power outage in four sets but march was also postponed because of rain last night while world number two were defending champion rafael nadal plays one of monaco argentina. now to football where russia have a right to their base camp in poland ahead of the opening euro twenty twelve march with the czech republic on friday manager to carve a cart who oversaw a three no win against italy in a friendly last week stating before departure the victory means his men enter the tournament in good spirits. the results are always important but. the cultural holo is saying that. the most important thing is that you can see the team make improvements. that it was important for us to see if we did. but i would give the same answer if we lost the game because it's

a little. russia first opponents are also now in poland the czech republic electing to take a seven hour train ride to their base and. finished second in qualifying behind defending champion spain and had to be montenegro in a playoff to book their place in the tournament the country has qualified for five european championships since the breakup of czechoslovakia with the best performance coming in one thousand nine hundred six when they lost to germany in the finals. now to golf where it's been a weekend to remember for tiger woods the former world number one winning the memorial tournament for the fifth time including jack nicklaus his record of seventy three p.g.a. tour wins in the process tiger also doing it on a course nicklaus in fact designed the american started by raising a four shot deficits making the second of his three straight. the six. on the sixteenth as the thirty six year old had a perfect but from the rough on the par three. time bench and seeing all through

the seventy's downdraft the man by two shots because of the cell phone had to congratulate the winner fourteen time major winner words now in two weeks because his mark of eighty i could potentially edge closer in a fortnight's time for the u.s. open title. and i had a good today i really did i didn't really miss a shot today and there was some good stuff i needed and you know the birdie you know three last four which which was nice the time i was three or four back at the time and needed a push and. i finished it off and you know the guys better going to couple mistakes but it's so easy to do you know sixteen's playing so. i got away with one there and it was a big swing. now cricket legend sachin tendulkar has joined the growing list of athletes moving from the world of sports to the world of politics. the first cricketer to score one hundred international century sworn in as

a member of india's upper house of parliament on monday the thirty nine year old is quite simply a living legend legend in his home country had been widely considered a political cricketer and surprised many with his nomination from the ruling congress party last month the batsman says he won't leave the crease yet and wants to make sports related issues his area of expertise in two thousand and eleven world cup winner has played in one hundred eighty eight tests since debuting on the global scene back in one nine hundred eighty nine. but now there were no clear favorites in the n.b.a. playoffs with both the western and eastern conference finals series all square after four games the boston celtics on sunday talking their best of seven contests with miami following an overtime victory rajon rondo knocking fifteen point down fifteen a sixth as he scored what proved to be the crucial final three points of the extra session bron james meanwhile scored twenty nine fouled out of the critical stage in overtime miami though can now enjoy home court advantage with game five taking

place on tuesday in south beach. i don't want to be too aggressive because i'm very for office affairs but. you know how to get mighty amazing you know is not a one man show it's not a two man show we have. put the banjo and we look for each other so. i don't feel like i had to force anything just try to run the car. which will. you know they deliver. meanwhile in the west game five between the spurs and the thunder takes place on monday that series is also perfectly poised to take off to full games with both sides having won their home matches in the best of seven series oklahoma won going for one hundred nine one hundred three to level the series which now moves to san antonio. now let's finish on the water and moscow this weekend played host to the final stage of the canoe sprint world cup there was even more stake than global bragging rights as gregorian six planes. it

was fact corrales kero in canoe in canal is no stranger to hosting major events and was one of the olympic venues in the nineteen eighties some a games in moscow it was here that athletes from the soviet union and german democratic republic reigned supreme clinching for gold c.p.s. . thirty two years on has undergone a major innovation and was used to host the third and final stage of the c.s. canoe sprint world cup it's being seen as a dress rehearsal for the world championships to be held here in two thousand and fourteen i think everyone has been very impressed by the quality of the facilities the finished this is exceptional bad and there were thing else around so two years from the world championship it's great to have her world cup matches here as all of these things. the twenty twelve world cup program is one state shorter than usual

due to the london olympics scheduled for the end of the summer so for many athletes this tournament was the last chance to find their best form ahead of the domestic championships which will ultimately determine all the olympic games participants can add in team leader adam van cool withered and is guaranteed in the olympic sport already but he found the motivation to seek all of their position in the kayak one thousand meters final i'm very excited and honored to represent my country and will want more to london looking forward to being with you know her strong opinion team a small but strong kenyan team and my third olympics representing canada so my side of the russian olympic squad will be named at the end of june after the domestic championships and it will be a tough choice for the team's coach just as the country will compete in eleven of the twelve disciplines yury post alexandra de chanda have been lead in competitors for russia in recent months when goals are the most the world cup stage in the case

. but even they see room for improvement who's working regularly such as we're here we were first police and duesberg now we are first here in moscow and it's obviously a very good but there are still some negatives to be eliminated from our performance like among them we're going to do that together with our team the great coaches medical staff and the rest of the global aids ahead of me in the olympic year the results of the world cup events are often under the shadow of the world's biggest competition it applies to a huge variety of sports in a row in is no exception that's when the time comes the sports best will be a dhoni lake hoping to create their own little bit of history. artsy moscow. while that is all the sport for now a lot more for you and a little under two hours time here on alternate weathers next.

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feel. it was. just simply. want to. see if. we thank you. he's we. meet the news today violence is once again flared up if these are the images the world has been.