from fans to impression. on startup t.v. dot com. live from r t h q in central moscow it's scary though and here with our top stories thank you for being with us headlining them from our schools full foreign intervention in syria growing in some western and arab countries leading to fears the houla massacre might be used as a pretext for military action that says china has warned against meddling in the conflict said he would unleash even more bloodshed an all out war. despite the expectation that syria would also dominate the russian reuse somebody in some petersburg it was russia's own affairs that are in the spotlight end of the day when commenting once again on the imprisonment of former old tycoon mikhail khodorkovsky but in

a putin reiterated 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 call back authorities on the issue broke down the protesters also say they feel their country's copying the u.s. system has landed young americans deep in debt. up next we'll talk to american economist and nobel laureate eric mascon to find out what he thinks is on the horizon for the troubled world economy. mascon aapl are it in the comics it's great to have you with us sir today it's a pleasure so i'll start with greece and the latest news we know that christie'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 through centralization of fiscal policy. they are. public debt problems that we see in greece that we also see in spain 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 cash greek band backs banks hold how sustainable is that well it would 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 some other steps and greece and and did not do so spanish banks 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 want to. exercise more power on 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 euro bonds to translates private debts and. or 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 i i think a much more important problem in the united states is to get the economy back to normal form of the 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 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 the u.s. debts from purple a two to double i. that didn't do the crisis any favor that there were there were there were some temporary turbulence as a result of that i don't think in the long run. if 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 crisis of the 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 in 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 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 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 aren't 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

that greece will leave the theatre and that i don't i can't say that with you know who has confidence but. the signs seem to be pointing in that direction right my skin thank you very much for this interview my pleasure. well. it's technology innovations all the developments from around russia we've done for the future coverage. of the.

sigrid lumber tour. was able to build a most sophisticated. fortunately doesn't sound anything.

to teach creation why it should care about humans and. this is why you should care only. the top stories some coals for foreign intervention in syria grow in some western and arab countries leading to fail. might be used as a pretext for military action. and has warned against meddling in the conflicts you would unleash even more bloodshed and war. despite expectations syria would also dominate the russia or e.u. summit in some papers but it was russia's own affairs the in the spotlight when commenting once again on the imprisonment of former. policeman richer a tip of there was no political interference in the case. of canadian students return to the streets to protest against the rising cost of education two days

after talks with quebec authorities on the issue broke the protesters also say they fear their countries copying the us system has landed young americans deep in debt . this is now well sport. thank you kevin well commit to the sports headlines here is what's coming up the one i'm doing lee rush is a sole representative in the french open maria sharapova looks to become place in the last eight of the competition against cloud as a couple of. out over the rough tiger woods and the worst three tournament run of his career with a stunning win at the memorial. riverrun moscow plays host to the latest stage of the canoe world cup which also acts as an important prep tournament for russia's london two thousand and twelve olympic hopefuls. but let's start on the clay courts

of the french open where russia's only remaining representative maria sharapova has just dropped tough set of the tournament the second seed is taking on unseeded clar as a couple of the czech republic things went to form in the first set but her opponent has just won a second set tie break to take it into a decider although sharapova is up of break in the third set the defending champion li na was up against jaroslav a shift over of kazakhstan also into a deciding set in that one a real turn up for the book is leading for love in the final set so the defending champions league in all could be on her way out of the competition before the quarter final stage later in champion patrick a bit of a place americans were about to let chan go in at the ever stone is up against our own children of the netherlands. well in the men's draw french enjoy wilford song completed his fourth round match with stanislav valenka the home favorite book in

his place in the last day with a five set six four seven six three six three six six four win his reward in the last eight a clash with world number one novak djokovic. well former u.s. open champion upon martin del potro was all. so through to the quarterfinals he be checked almost but it in a battle of the big service he came through in four sets seven six one six six three seven five yards in time now makes roger federer. meanwhile spawning progress to the expense of compared to marcel granollers a comfortable straight sets win six three six two six love the next up in the last eight is either andy murray ryszard gasket. well they go head to head a little later on elsewhere spaniard nicolas almagro beats out of it in straight sets a world number two under-funding champion rafael nadal plays one of monaco or argentina . now to golf way 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's record of seventy three p.g.a. tour wins in the process tiger also doing it on the course nicklaus in fact designed the american started by raising a four shot deficit making the second of his three strength on the six. go with this birdie on the sixteenth as the thirty six year old hit a perfect effort from the rough on the par three hole target eventually seeing off lawrie sabatini and andress will narrow by two shots nicklaus himself on hand to congratulate the winner words a fourteen time major winner now aiming to reach nicklaus his market. could potentially edge closer in a fortnight's time when the u.s. open to south. america today i really did i miss a shot today and that was some good stuff i needed it 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 you guys better get a couple mistakes but it's so easy to do you know sixteen spying so. and i got away with one there and it was a big swing. now and such intent has joined the growing list of athletes moving from the world of sport 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 moving legend in his home country had been widely considered it a political crater and surprised many with his nomination from the ruling congress party last month the batsman says he won't leave the crease yet though and wants to make sports related issues his area of expertise the two thousand and eleven world cup winner has played in one hundred eighty eight tests since debuting on the global scene back in one thousand nine hundred ninety s.

. now there are no clear favorites in the n.b.a. playoffs with both the west and an eastern conference finals series all square after four games the boston celtics on sunday time their best of seven contest with miami following overtime rajon rondo notching fifteen points and fifteen assists as he scored what proved to be the crucial final three points of the extra session in miami that i now enjoy home court advantage with game five taking place on tuesday in south beach. i don't want to be too aggressive because a lot of area for office but. you know you might see mazen is not a one man show it's not a two man show we have. put a band ho and we look for each other so. i don't feel like i have to force anything just try to run a car. which will carry him and how they deliver. meanwhile in the west going five between the thunder takes place on monday that series is also

perfectly poised to two after four games with both sides having one home matches in the best of seven series oklahoma one game for one hundred nine one hundred three to level the series which now moves to san antonio. now to the water and moscow this weekend played host to the final stage of the canoe sprint world cup but there was even more at stake than global bragging rights as our ten gregorian six planes . fact kurlansky arrow in canoe in canal is no stranger to hosting major events and there is one of the olympic then use in the nineteen eighty summer games in moscow it was here that athletes from the soviet union in german democratic republic reigned supreme clinching for gold c.p.s. . thirty two years old has undergone a major innovation and was used to host the third and final stage of this year's screen world cup it's been 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 his sectional hand they were thing else around so two years from now watch i mention. it's great to have her welcome lanterns here is one 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 but this offense can add in team leader adam dunn cool withered and is guaranteed in the olympic sport already but he found the motivation to see all of their position in the kayak one thousand meters final i'm very excited and honored to represent my country again one of the more to london looking forward to being with you know her strong european team a small but strong team and in my third olympics representing canada so much out of

the russian olympic sport will be named at the end of june after the domestic championships and it will be a tough choice for the team's coaches as the country will compete in eleven of the twelve disciplines yury poster day and alexandra de chandra have been lead in competitors for russia in recent months when goals are the most the world cup stage in case the. but even they see room for improvement group pretty regularly such as regular we were first place in the duesberg first here in moscow and it's obviously very good but there are still some negatives to be eliminated from the four minutes think among them we're going to do that if you get there with our team trees medical staff and the race. in their limb pickier 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 rowing is no exception that's when the time comes the

sports best will be doing the lake hoping to create their own little bit of history . artsy mosco. and finally that brings us to martial arts where the fight night showdown returns to the russian capital for the seventh time on thursday top of the bell will see one of russia's best heavyweight prospects for three minutes off facing american ninety sanchez the twenty nine year old is the vastly more experienced of the two competitors he's won thirteen of his nineteen fights in his competed on the world's biggest stage m.m.a. emotions such as u.f.c. and palatable his russian opponent however is the three time world somebody the strength is all b.s. with four of his seven professional wins by way of submission. here is my message to eddie do not relax stay focused i have a lot to offer in the ring i'm looking forward to despite this and i would like to

wish every the best of luck but it's a safe bet i will produce many surprises for him as we pour stuff would be the standing the striking he says he's ready for anywhere so we'll see love surprises. so i hope to surprise he's a star on his feet so we'll see we'll see what happens i think that's a lot of talk what's a fire comes i'll. try to throw. well that is all from the world of sport i'll have more in a little under two hours time to join me then for. the . blind rush is going to be soon much brighter if you knew all about song from feinstein pression so. please friends totty dot com. wealthy british style. is not on the

title. market why not come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. the

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