back here with r t here are the top stories top u.n. officials calling the security council to pressure the syrian government while saying the armed opposition is stepping up its attacks which must end this as another massacre pulls the country closer to civil war with u.n. observers still on able to verify the details of the atrocity. the tournaments kicks off laden with scalars several european governments boycott the championships and say they are concerned about for human rights records and race discrimination at club level and host when any brain will not attend the games in protest. residence and a small irish town go back to their old currency to save businesses from collapse

as more people fear the euro is only heading down the drain that's amid reports spain will need at least forty billion euros in bailout money to boost its crisis banks. the next u.s. economist and politician mark broad tells our team just what seems to be going wrong in europe. mark weisbrot thank you for joining us on r.t. i want to start with a g. twenty promise to boost the i.m.f. lending resources with over four hundred thirty billion dollars. yet the i.m.f. steering committee said that these new resources will not be used for a particular reason do you think this is their response to the concerns that this money will be used to bailout the eurozone i think it's clear the reason they're

asking for a new resources for europe they would have enough if it was for the other countries it's only europe or the big money i mean the deaths of spain and italy are enormous and that's what they're worried about even if it were only portugal and ireland and greece. they wouldn't really be that worried it's really spain and italy that's what the money is for and. talk to the contrary is just talk the rest of europe is also contributing to this but they're there pledged one hundred fifty billion dollars their approach is fundamentally wrong i mean they don't have to do this they can do what the federal reserve did in the united states our federal reserve has created over two trillion dollars since two thousand and eight they could have the ability they can do that to they have a central bank they can create euro zone and they can do what the fed did here they can lower the interest rates and even guarantee a certain interest rate in the spanish italian bonds and that would put an end to

this threat of a severe crisis so do you think your guard said that the highest risk is yet another crisis in europe do you think that's coming that's exactly right there aren't any big risks to the global economy other than what the europeans are doing to themselves and that's really what it is it's a self-inflicted. the recession that they're in right now if the recession continues to deepen and more importantly if these governments do what they're being instructed to do by the european authorities that would be the european central bank the european commission and the i.m.f. if they actually tighten their budgets further cut spending further they're going to go deeper into recession and then we don't know what happens that's what christine lagarde is worried about in spain which is the big trouble spot right now because investors are selling their bonds and driving up the interest rate on the

ten year bonds to dangerous levels that's the real fear right now i mean that's what happened in portugal and ireland and greece right the interest rates get to a certain level they can't borrow sustainably on private markets anymore then they have to go to the european authorities for money and then then there's maybe debt restructuring bank losses all the things that happen with greece but on a much bigger scale that's what they're really worried about i don't think that's necessarily going to happen but the problem is that the authorities the european authorities are pushing in that and they're actually spain is supposed to cut make spending cuts of this year of about. budget tightening of about two point six percent of g.d.p. so that's big that will definitely they've got twenty five percent unemployment already forty five percent youth unemployment the economy is shrinking and here the authorities are doing the opposite of what almost any other governments in the world would do we didn't do that here ok we would never do that here you know our

political system wouldn't allow it but because the spanish don't have control over their over the european authorities they're being forced to do something that is really worsening their economy so what they're out there and the alternative well depends there's two ways of looking all serve one is if the european authorities co-operate and in that case it's your. alternative is very easy the e.c. beat came actually just by the spanish bonds and push the interest rate down to a reasonable level so that it doesn't explode so their debt doesn't explode and they can keep it there and they don't have to spend very much to do that either and they can create the money so there's no burden on the european taxpayer that's the easy solution no if they won't do that and they insist on making spain worse then spain really has to consider leaving the euro that's the only alternative for them you think the european countries are not cooperating no there are there are

insisting on these budget cuts i mean this is the worst this is just pouring gasoline on the fire the fact that they are contributing to the i.m.f. the fact that they're trying to be a lot of countries in the euro zone like we see they did in greece that doesn't show call for a second and the fact that they're trying to help spain right now well that kind of help i really wouldn't wish on my worst enemy because they're sure they're putting together this fund but they're attaching conditions to all the lending and it's the conditions that are driving europe further into recession and increasing the risk that you get a full blown financial crisis like you had you know after lehman brothers collapsed no you that risk has gone down since last december when it was really high and that's because the european central bank started loaning of a lot of money it was over a trillion dollars they pumped into the private banking system and the private being system used some of that to buy the european bonds but that's not enough they

have to really make sure that those interest rates on spanish and italian bonds because those are the ones that are too big to fail you know their debt is five times the size of the other countries ok though they have to guarantee that that interest rate doesn't keep rising because that's what sets off the padding once spain's interest rates reach a certain. will they're not going to be able to borrow on private markets and what's upsetting the whole financial situation right now is that some investors think they're already close to the level or at the level know what about the breaks power. those rising powers versus the voting rights act that i am now and that whole debate that took place in the spring meetings these institutions have been controlled by the united states since. you know nine hundred forty six really and it hasn't changed much at all and you know some people think the europeans

control the i.m.f. because they get to a point a european but that's not true the u.s. decides what you know they have a veto over what european heads the i.m.f. and they still have the dominant voice in the i.m.f. and europe is the junior partner now that's changed a little bit in recent years because now six more than sixty percent of the i.m.f. loans are in europe and so the u.s. treasury department will defer to europe for matters that are focused on europe but in the rest of the world in all the developing world where the u.s. still where the i.m.f. still makes loans it's the u.s. decided so they control both really of the mess in the world bank which is two out of the three international institutions that have any power the third one is the is the security council and there they have the veto as well so this is this is the world after world war two and the global governance is not changed that's one of

the reasons they created the g twenty but it's still the g. seven making all the solutions because and mainly the g one you know here in washington because that's who has power in these institutions of international governance that actually have power you don't see that changing. not only when it comes to voting rights but the policies of these international. organizations are talking about the i.m.f. and the world bank there is change it's slow change it's definitely slow the bigger changes are taking place outside of them so in other words the i.m.f. doesn't have a fraction of the power that it had even in two thousand and seven ok in other words the developing countries or two thousand and three i would say ok by two thousand seven it already lost most of its power in developing countries that was one of the biggest changes in the whole international financial system and the media didn't really pay a lot of attention to it but you know the united states exercised influence through

the i.m.f. but no you see the middle income countries don't borrow from the i.m.f. anymore you know russia the asian middle income countries the ones that got burned by the i.m.f. in the asian financial crisis they all got out of they got away from the i.m.f. fast they couldn't ever going back same is true for almost all of latin america in so that's was changing the world is changing very rapidly just these institutions are not changing rapidly they're changing very very slowly so you don't you don't see the brakes. becoming a fully fledged negotiating bloc from what we so you know coming out of spring meetings well they are. but they're not negotiating very hard because first of all of a i mean from their own interest they should really contribute to funds going to europe these countries are a lot poorer than europe they all have a fraction of the income that europe has so for them to bail out europe makes no

sense at all i mean you're can bail itself this is the richest economic region in the world practically and they have a central bank and they can take care of this themselves the united states took care of itself why can't the europeans and we can talk about the economy without talking about the oil prices tensions in the air pollution what do you think that's happening you know the oil. have been following in the last couple of months and i think that's because primarily reduce tensions you see the united states finally. looking towards negotiations with iran and instead of just being the war drums you know and it was the war drums that really drove up the price of oil probably more than anything i mean it's not the whole story some of the weakening in oil prices is due to some investors. worries about the global economy and the crisis in europe so as the crisis in europe gets worse and the possibility of another well europe is

already in recession but the possibility of that recession leading to. further slowdown of the world economy you know that could lower oil prices as well but my guess is that most of what you've seen most recently has been the increase prospects for a possible. peaceful resolution of the conflict between the united states and iran it was really the united states drive towards war which is where we were going and still are really in my opinion i mean they're still headed in that direction but not at the same speed that they were just a few months ago. with

the end of the boer war and the going away of the soviet union many people thought that nuclear weapons disappeared. the risk is not zero that something might be going off by mistake especially of nuclear weapons on hair trigger alert. of a different to use it as a threat all as an actual weapon you know if you keep spending a trillion dollars a year on weapons of venture you're going to blow everybody up you you know people are dying from these weapons but until we actually see it people don't wake up to nuclear weapons or build the new. that represents all of the firepower of the second world war and this second sound is the equivalent firepower of the world's nuclear arsenal today. i am. in full starting here for going

global and. it's killing my. laundry and. choose your please take your stuff and. to. make your statement. will do more. to plug the story. line. soon which will brighten if you only bounce from phones to

pressure. friends don't talk t.v. don't comb. top here and officials call on the security council to pressure the syrian government while saying armed opposition is stepping up its attacks which must and this is another massacre pulls the country closer to civil war was a un observer still unable to verify the details of the atrocity. residents in a small irish down go back to their old currency to save businesses from collapse as more people fear there was only netting down the drain and that's amid reports spain will need at least forty billion euros in bailout money to boost its crisis hit banks. euro twenty twelve full term and takes off label with scandals several european governments boycott the championships they say they are concerned about poor human rights records and raises ruination at club level in a host poland and ukraine will not attend the games and protest.

planned is here with us in the studio to bring us more on determined and as we know not long before feast a full book takes office up an outcome i can you are a no you a football fan. and we watching the game tonight has a lot of eyes will be on that one or that's rather to begin this evening in russia will start their campaign against the czech republic pretty tough one for them to say i've got the details in my. hello there welcome to the sports and these are the headlines on top of the world rachel rapido is the new number one after reaching the french open final for the first time. clocks in five hours time euro twenty twelve kicks off in poland with russia preparing for a tough opening test against the czech republic and catch me if you can the intake

champion you saying bolt wins a dramatic race in norway to throw down the gauntlet ahead of the newly london games. first marriage trap for has described regaining the war world number one spot i'm reaching the french open final is very special she didn't champion petrak a veto in straight sets to set up a showdown with italy star at ani needing just a one hour to wrap up a six three six three victory this the third straight time she was beaten this season and the win means she rather but for the frame victoria azarenka as the world number one on monday well this will be murray's eighteenth week at the summit after twice holding the top ranking before in two thousand and five and two thousand and eight the twenty five year old also stays on course for the only grand slam title that has eluded her so far. nice to know that it happened again for me. i was in

a position where a few years ago i didn't quite know if ever be here again on this stage playing professionally and not just at that but a level to get to number one in the world. and a first roland garros final for me so a very special day. rapper is just a step away from becoming only the sixth woman to complete a career grand grand slam if you will face the unheralded sarai in the final then the italian pulling off another surprise win in the last four as the world number twenty four overcame eleven aces by sam to stun the u.s. open champion three sets the big serving strain was guilty of forty eight unforced errors and lost seven five one six six three irani moving into her maiden major final and could become the second italian to go in a grand slam after francesca schiavone trying to paris two years ago. may have been for how i play because i think i make good games and there. is not

we saw one much more i have to think about that. while the men's semi finals get underway today defending champion rafael nadal takes on fellow spaniard david ferrer while world number one never act yok of each face is roger federer and just a few hours time russia kicked off their year a twenty twelve campaign against the czech republic and after some scares earlier in the week dick applecart does have a fully fit squad to choose from although warns tonight's game will be tough from poland is rich poor fleet the way it's almost over the counter captain is russia's side as day began the euro two thousand and twelve campaign here in ross love against the czech republic on friday poverty madrid preparing for almost three weeks now free from the marches which culminated in a fantastic free no victory against italy abacab billie's results give the team a lot of confidence is important not that important but again if you win three you

know it was a little bit flat route but it gives a lot of confidence in the team and that's important but to morrow two different games a different opponent so. well the team effectively picks itself with nine of us starting spots pretty much already decided however two places up for grabs first of all in goal but it's really a straight fight between eager i can fair. mala farewell ask him if he's had a few injury problems over the last couple of days but looks to be good in good form as the approach is my favorite he's been fantastic form to z. needs and the thirty four year old certainly wouldn't do any harm if he was put in between the posts for a game against the czech republic whatever position which dick advocaat has to decide on is the right side of attack where really it's a straight fight between. a man of his mile of go if he's recovered from

a broken bone in his forwards and looked very impressive against me entirely and last week was one of these also impressed returns of a national side after a six year wilderness and he was in very good form in the early friendlies against uruguay and. all in all though the camp is in very good mood and dick advocaat says there won't be new nerves when the team play the czech republic. if you are among the people who your worked hard to do so for. and as you know we really enjoy what we are doing. a decent cyber know much for a great team of two thousand and four which managed to get to first semifinals of the euro two thousand and four championships in portugal where they possess players of a caliber of young and medved but nevertheless for a very workman like side and have style names such as thomas ries he'd ski. and

they have the potential certainly to cause rusher a few problems but again if the russians play to anything like their ability and they can reap capture of a form of a friendly win against italy is no reason they can't get their euro two thousand and twelve campaign off of a perfect stars rich of onboard fleet r.t. rosoff poland. well the czechs will have to make a late decision on the fitness of their striker. but are expected to start with playmaker thomas visit skeen midfield who had been sidelined with injury in the arsenal man is wary of russia's attacking threat. to the strongest part of the russian team in their attack they have three various tracks forwards they're all very experienced and at least point of their career will be a challenging we'll have to get through the group and then we will see optimistic and prepared for a big game much as it was before the czechs and russia kick off co-host poland will get the tournament underway against greece poland failed to get out of their group at the last european championships and we rely heavily on striker robert

lewandowsky his goals help with dortmund when the german league and cup double last season and ponied him to break down the greatest. of their defense and their entire team is very defensive they have a great defense in fact all the greeks are perfect in defense we could see that during the european championship in the orchard goal in two thousand and four so i'm sure for us it will have to be a great game. but it's not wrong because great have one of the tightest defenses in international football and use that to great effect to win the tournament back in two thousand and four they're not afraid to use the same tactics tactics again and so they hope to give their fans back home something to smile a back to to use the schools with america we're here to do something very concrete that's to give one hundred percent to enjoy our participation and to give joy to the people back in brief this is what we're thinking this is what we're interested in. and the n.b.a. eastern conference finals will go down to the wire in miami levelling the series

with boston at three a pace after a ninety eight seventy nine victory last night le bron james scoring forty five points for the hate and that victory forces a winner takes all game seven back in miami with the winner going on to meet oklahoma in the n.b.a. finals. to you to be aggressive to continue to play at a high level of hope is. very resource in these numbers whatever case may be of a goddamn play. game play as hard as i can. i don't really care what the stats could be you know i won't regret games i will lose or draw i'm going. with the mindset of always like i've had this whole season and now we see what happens and finally the fastest man on the same boat has once again proved he will be the man to catch at next month's london olympics is the jamaican stole the show at the latest diamond meeting in norway the world record holder is also known for

his habit of showing off before races in this time and to time a crime like entering the business stadium in a custom however the olympic champion was less than impressive out of the blocks for his hundred metre run compact a soft power led the way early on but bolts falling will push saudi twenty five year old just just by six hundred of a second to the clock nine point seven nine seconds or so early results are still a far cry from nine point four which is the plan for the london games and by the way that flower girl was a k. . and she showed that really that is all a sport that. well for the fun it's technology innovation all the latest developments from around russia we've got the huge earth covered.

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