thanks for joining our team and how. parents are out here with your headlines syrian rebels claim they carried out an attack that killed several of the regime's top proust's but the former inner circle bodyguard named the culprit but he forces of condemnation are being drowned out by a stronger western calls for more action against assad. his role points the finger of blame at iran over an attack on its citizens or at least six tourists are killed in a blast in the bulgarian city of borgata no group has yet claimed responsibility for the bomb they. tend to test of chancellor merkel's authority the german

parliament is set to vote on whether to funnel her to spain's beleaguered banks but although lawmakers are widely expected to back her she's still asked to face down a rebellion within her ruling coalition. next up we hear from economics professor will him hankel who explains why he thinks the euro is driving europe into a financial abyss. here is skepticism is in fashion these days but are today's guest was against europe's common currency before it even came into being professor william hanka a prominent german economist is joining us now on r.t. thank you very much for your time sir you were among those who launched a legal action against the euro all those years ago you must feel vindicated now i think an economist like me is like a doctor a social a doctor he feeds was sponsible for the health of the society and says is the

reason why i want like a good fossil is wanting his child. the child has to look to the traffic on the street and my job is to warm up to consequences of see you or not see governments are sinking so very very. complicated because your is not a nation like united states and all the a nation can have a national currency but as long as you will be is not a nation and vince that will never be a nation it cannot have a common currency economic disparities notwithstanding do you think the euro was a good idea at least in the theoretical sense not currency behind the idea of to your is the wrong idea namely said we can form united states of you or

your. with a currency. if we want to hear if united states of you or if we need a political union we need to come in constitution we need common referenda of sioux people we need what we do not have in your op a common come in people come in their most united states is a nation but you will be is not a nation your visit diversity of nations and diversity of states and any state is responsible for the valve of its own citizens of its own people and therefore it cannot be bought together a common currency and the sponsibility of the states for their own people you make a point that the stereotype program said damaging not only for europe's financial health but also for its democratic institutions could you elaborate on that look

democracy begins at all begins in russia begins in germany begins in italy and spain they have a national parliaments and this is the highest servitude. and if there's a common currency is taking. decisions in terms of money in terms of budget it's a violation of democracy. it was. historical mission to bring democracy in the world and now and i am very certain about now. is destroying democracy now how big of a role does culture play in fiscal affairs was it an important factor in the euro being not asked successful as initially and visit my personal view from the very beginning and is in order to have

a common currency in interact economic terms you need an optimal currency area but europe is not an optimal currency. and since introduction of the euro or behave no unified interest rates a unified foreign exchange rate among you will be in economies but. greek you are it's not equal to a job and your common interest rate for spain let's say and there's a greek is. a long interest rate because case or spins it was so it must be higher in case of there's a lens or germany must be law so it's a complete mismanagement even in monetary financial terms what we have now in your mess western europe has long been held as an example of well functioning capitalist system and now we are talking about socializing huge debt how do you square free

market principles and bail out proposals this isn't very interesting point to the your idea the common market started as a very liberal maybe a no liberal project of freedom freedom freedom free vestments and free twenty eight. and now says liberal project is becoming a very socialistic. porter like say former soviet union common currency means there is no competition between currencies. common debts means says no no responsibility for your own debts so this is not a liberal project so you were his changed see whole i journaled t. of p. in integration from a liberal concept into a socialistic one which is quite interesting so in russia for instance is also

a listing idea faded away but in new hope its coming under the auspices of so your crisis but i think we will have the same destiny as them soviet union there's also a list of concept cannot survive what kind of actions european leaders could take to prevent the sort of collapse if we were to go back for every nation for france for germany as a lens into the spin to national currencies so what we would have two advantages first of all we could serve every nation could could serve its local car as the local means then we have this developed nation of currency this on the interest of a to visit on budget of the policies and secondly we could from a european unity not a base of a common common currency but of. the union of.

currencies where before foreign exchange rate union before. we had in european monetary egremont. common. policy in terms of foreign exchange rates but not internally in. terms of interest rates and i think we have to come back to the time before nine hundred ninety nine where we had foreign exchange rate unions instead of money unions you just mentioned their return to national currencies and the latest poll i've seen shows that the number of germans who are in favor of reintroducing the door to mark is steadily on the increase the majority of germans are also strongly against the idea of euro bonds but german authorities keep pushing the your agenda and bailout proposals who do you think should have the final say on this

issue is the people or the power its article call it. what is the learning capacity of governments. i fear not as early as students learn at school but long long monetary story shows the one lesson is no substitute for own currencies listed foreign exchange rates if you have own currencies and realistically change rates then you have a very unpalatable pleasure for to any government to make serious policy so the fear of developing nation brings the government back to the high pass of serious policy and those think this is a lesson we have to learn. i was a long time more than forty years professor of economics so i started if i calculated quietly seventy seventy is ball monetary union and past

now we are confronted with seventy one so it's the old piece was new to us but this is allusion of the seventy's before was. come back to own currency make see why the value of his currencies are right interest rates zero at foreign exchange rate and your exported strengths and this will be solution in the beginning of the twentieth century germany had some of the highest inflation rates in many historians agree that it was one of the factors that brought hitler into power if you are indeed collapse s. what kind of social and political implications it could have for europe and the rest of the world love r.c. . consequence of a social crisis so we had to avoid any of this in order to do to fight against a company because of

a dictator like hitler or us us now countries and south of your makes the same experience so they had to avoid a social crisis and the real problem we see your is see your is changing from a monetary crisis into a social crisis and in order to avoid to social crisis resources political implications we had to stop so you will have to come to a national regime in democratic terms in economic terms. in monetary terms and then we can make combined and united you all as association of independent nations and i fight for says you because this would be open for us non. you nations like switzerland or even like a national in such open. you'll be in society his

own currency of his own democracy is all in the nation's. new false vote economy namely a sawed off alliance of nation a you will be an alliance of nation so this is my hope for the future thank you very much for your time.

pool started here. for going global. cooling. choose your place. to.

make your statement. spread the word. british. market. really happening to the global economy. any glimpse something else hears you some other part of it and realized everything you thought you knew you don't know i'm sorry welcome to the big picture.

the syrian rebels claim they carried out an attack that killed several of the regimes top brass with a former n.r. circled bodyguard name the culprit but voices of condemnation are being drowned out stronger western calls for more action against a song from. israel points the finger of blame at iran over an attack on its citizens after at least six taurus build any blocks in the bulgarian city of forgotten no group has yet claimed responsibility for the bombing. and attacks of chancellor merkel's authority the german parliament is set to vote on whether to funnel cash to spain's beleaguered banks but although lawmakers are widely expected to back her she's still tough to face down

a rebellion within the ruling coalition. up next it's all the latest sports with paul. thanks very much kyra and welcome along with to the world of sports here is what's coming up. on the top of the world england and south africa prepared to begin their three match test series knowing the world's number one ranking is at stake. on his way to a rapid rise to fame jeremy lin leaves the new york knicks and signed the houston rockets and a deal worth twenty five million dollars. in time russia looks to continue its dominance in synchronized swimming with the london olympics now just over a week away. but first in cricket the top two test teams in the world begin their

three match series later on thursday england home south africa at the oval now and defeat would see the tourists leapfrog them into the number one spot in the world rankings a draw however would be good enough to keep andrew strauss his man at top of the pile and he'll be hoping his bowling attack can help inflict south africa's first series defeat on foreign soil in six years the contest pits arguably the world's two best bowling line ups against one another the tourists are spearheaded by the world's top run ball in dale steyn while england can call upon the formidable jimmy anderson and south africa's captain graeme smith believes these are the best attacks in international cricket. i think it's a fair system and the records of what the the to bali attacks have achieved. but you know we move forward and. we hoping that they can carry on with that lift off in the past and there's new new highs for them to create hopefully you know are not armed certainly very excited about i think it will be

a good gauge for us is where we are actually the rankings say we're number one but we've got to go out there and prove that now now in basketball n.b.a. phenomena in germany jeremy lin is expected to be unveiled as a houston rockets player later on thursday this after the new york knicks failed to march a three year twenty five million dollars offer for the point guard lane a passed a medical in houston ahead of completing the switch he shot to fame last season despite making only twenty five starts for the next after making his debut in december lin sanity swept across america and his native taiwan the new york franchise were keen to keep hold of their star man but automatically fail to match the rockets of his poor man figures were beginning to drop before his season was prematurely ended by an operation on his knee but the knicks fans believe they'll be better off with or without the twenty three year old. i can't make that call because i mean he came out of nowhere is it somebody coming out of the ivy league

didn't get that kind of attention or was he always been evaluated based on his ballplayer i don't really know and so the question is was he going to come back in the injury and do the same things again it makes no sense he started he would go and get over it he got his team and new york you know to sign yes feynman again trading began traded to the rockies. it's a terrible mistake well we've got a pretty big population here in new york a big mix made a big mistake not capitalizing. now to football in sweden zlatan abraham of the chassis and a three year deal with the big spending power reports claim the french club paid ac milan around twenty five million dollars for the thirty year old sweden's captain apparently taking home a reported seventeen million dollars a season after tax the transfer fee taking league and club spending to some one hundred thirty seven million dollars this summer an abraham of it is excited about where the club is heading. i come to

a dream team and the dream team will be continue to growing and i mean they will do everything to win and i want to be part of that this is the future and i want to be part of this future. now to boxing where former w b a light welterweight champion am a car and says he's confident he will return to form after suffering his second straight loss of the weekend the twenty five year old lost his unification world title fight to danny garcia but is eyeing a quick return to the ring possibly as early as december but his future could be without trainer freddie roach. i don't know yet i mean at the moment at the moment . to let it go my team and we know exactly what's going up and. like that things can change in. well when we sit down with a team and begin to for a few names to me and we're going to make it as asian in the next week or two.

now continue the countdown to the london olympics which begin next friday and r.t. continues its look at russia's medal hopefuls one sport in which the country has dominated in recent years is synchronised swimming michael craft chain co now reports on two athletes hoping to continue that success. russia's synchronized swimming team and do it have won all six possible gold medals in the last three olympic games in addition they've also contributed heavily to russia's overall gold medal tally in both the world and european aquatics championships but whether or not the challenges of drop the standards in recent times it's clear the current batch of russian athletes being trained hard. will really work a lot better one of the training facility mills this they're all shocked that we train daily for ten hours honing and polishing the routine is very difficult and to remember it is even harder. although it was removed in favor of the team

competition for the one nine hundred ninety six games the jewett is now considered to be the most prestigious event of all russia and us to see an honest to see a year mark over with the country at the last two lympics but a couple of new starlets in the form of natalee and said. have since emerged shining at recent world and european championships so. it's much tougher physically this time around because in the last olympics i only participated in the team competition and now i will also be performing in the duets competition it's a more individual event and it's of course very prestigious and because of that it's more than double the work the discipline requires great strength in jurors flexibility and of course precise timing as well as exceptional breath control when upside down underwater so training is tough and constant and lengthy the girls can train for literally half

a day in order to ensure they maintain the proper level of fitness. without a doubt the most difficult aspect is dealing with the physical demands we've got to do at repetitions in the morning and to team repetitions in the evening so it's quite difficult to keep yourself in shape mentally it's also tough yes the olympics are the gold. but you try not to think about that because it just becomes that much harder rushes synchronize to it. and. of course i have to spend a lot of time in the water but surprisingly spending a whole amount of the ten hour training sessions here in the gym practicing record graffiti. it's a long and at times lonely task with a rigid regime that leaves little room for anything else let alone free time but insist there's enough time for friends and family that if there is we have one free day a week so we try to get everything done then play go to the movies and read with friends i have a husband at home so i like spending time with him of course but this is part of

our work and i just have to get used to it and of course there wouldn't be much of a duets if the two girls couldn't get along with each other. natasha and i get along very well even beyond the training facility but it can be difficult especially when we come back after our day off and have to resume training when all we really want to do is share the latest gossip. feeling big shoes and expectations will be sky high when they dive in the olympic pool in london in august but it seems they're already well prepared to carry the torch in russia's bid to win gold for a fourth consecutive time michael of genco. moscow. now finally and gulf tiger woods says he would be interested in representing the usa when the sport returns to the name pics in twenty six days before the moment he's got the more pressing matter of the open which begins later on thursday the world

number four has won the event three times before but it makes this year's course at royal lytham incidents won't allow any room for error persistent rain has left the rough soggy underfoot and wind is also expected to make life difficult for the one hundred fifty six entries and woodward players will have to be on their game from the very first tee. it is different there's no doubt because we have to be precise rather gate. and hit a ball a specific number normally it's an iron hybrid drive off the first tee and you can hit it basically any distance you want and you're setting yourself up for the second shot but this is totally different and. psychologically it is different because you have to be on your game right away and you can't just you know hit a ball in a fairly any distance you want you have to have to the ball a precise number and that is different than we experience from you know week in week out. well that is all from the world of sport for now but i'll have more for

you in a little under two hours time here naughty join me then the world whether it's next . well. it's technology innovation all the latest developments around russia we've got the huge earth covered.

blind rush is going to be soon which brightened if you knew about someone from funds.