so good to have you with us here in. the headlines and live pictures for you now where the u.n. security council has voted on a draft resolution on syria that. could pave the way for intervention is an outcome strongly opposed by russia again these are live pictures right now of the u.n. security council meeting in new york now as i was saying russia has vetoed another western backed resolution at the u.n. security council but syria with the new sanctions could at the end of the day pave the way for military intervention again live pictures right here already stepping up to a veto in. china have both vetoed this u.n.

resolution against syria. the b.b.c. has by a court order preventing it from airing a documentary about. lawyers for the broadcaster and now considering an appeal. to decide whether to one hundred. putting her reputation on the line by trying to convince m.p.'s to back the controversial. sit down with economics professor wilhelm explains why he thinks the euro is driving europe into a financial. 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 hankel

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 fields will sponsor for the society and this 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 common 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 responsibility 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 we 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. your 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 das 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. in order to have a common currency in interact economic terms you need an optimal currency area but europe is not an optimal currency area and since introduction of the you or behave no unified interest rates 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 lens or greek is. a long interest rate because in case of spain's it

was three it must be higher in case of theirs alone so 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 is a very interesting point to the your idea the common market started as a very liberal with maybe a no liberal project of freedom freedom freedom free vestments and free trade. and no. this liberal project is becoming a very socialistic. project like say a former soviet union common currency means there is no competition between

currencies. come and debts means says no no responsibility for your own debts so this is not a liberal project so there you were has changed so your whole i journaled t. of of your peon integration from a liberal concept into a stick one which is quite interesting so in russia for instance listing idea faded away but in new hope its coming. is the auspicious of so your crisis but i think we would have seen the same destiny as them serve it you in the in the social list a 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 islands it is spain two zero zero zero 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've developed nation of currency his own interest rate to visit on budget of the policies and secondly we could from a european unity not a piece of a common common currency but often. the union of. currencies where before foreign exchange rate union before. we had an european monetary agreement. common. policy in terms of foreign exchange rates but not internally in terms of interest. it's 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 dorchin 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 those issues the people or the power it's article call it. what is 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 lulu sticky change rates then you have a very unpalatable pleasure for to any government to make serious policy so the

fear of developing nation blinks 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 into the us when it's zero at foreign exchange rate and you exported things and says he would 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 have to avoid any a social crisis in order to do to fight against a company because of a dictator like hitler or us us now the countries and south of your makes the same experience so they had to avoid a social crisis and the real problem you see you all is to 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 had to come to a national regime in the market to 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 other non. you nations like switzerland or even like a national in such open. your peon society his own currency of his own democracy his own nations we could form a new force in the vatican army namely a sort of alliance of nations the european alliance of nations so this is my hope for the future thank you very much for your time. wealthy british style.

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cultures of resistance on our team. breaking news here want to see on live pictures for you as well russia and china have vetoed another western backed resolution at the u.n. security council which threatened syria with new sanctions and could have pave the way for military intervention there were eleven in favor of russia and china against south africa and pakistan abstaining from the vote again these are live pictures for you here from new york it is the third time the u.s. and its allies have failed to push. through the cuts. the german parliament is set to decide whether to hand over some one hundred billion euros in rescue cash to spain's. putting her reputation on the line by trying to convince. the.

b.b.c.'s gagged by a court order to get from airing a documentary about last summer's riots that engulfed england lawyers for the broadcast are now considering an appeal. and now his union with the sports. good to have you with us this is sports today plenty head over the next ten minutes losing all the. top of the charts adam scott secures the day one lead at the british open the third major of the golfing year. on his way through a rapid rise to fame germy linley's the new york knicks and signed for a houston in dealing with twenty five million dollars. medal hopes we continue our buildup to that cost approaching olympic games by taking a look team rushes up live exports. but we begin with golf where the third oldest

major of the season the british open has wrapped up its opening day and lancashire and it's on the street leading the way currently scotties never won a major them on the counter after carving a six sixty four hold on his heels lower zach johnson and scott paul are either purchased a shot behind on five under par while bubba watson this season's masters champion stormed up the leaderboard lead on to take a share of fourth spot some two shots. to football where russia's sport minister doesn't seem to be to move the moon concerning the country's first choice candidate for national team manager but telling would go saying juice in the arena rather than front runner fabio capello would have been the ideal appointment telling the country see it hold up the portuguese is the best manager in the world it's unfortunate that the forty nine year old is staying at real madrid the official did you ever praise capello's experience saying that the sixty six year old has old the

tools to make significant progress with russia forward russia top money guus hiddink also giving his note of approval to the italian. russia were good with words for a very good very experienced coach and i think around him there will be very experienced the russian goat you should give a lot of information to him. but if you look at these c.v. then it's one of the most successful coach is ever in the world of the world in the last decade. while mohamed bin hammam mom has been patching up his reputation in the world of football the former fee for a presidential candidate seeing his lifetime football overturned by winning on appeal in a vote buying case the sixty three rule run against eventually reelected sept blonder last year when he was accused of trying to illegally bolster his campaign the qatari native was promptly banned for life from taking part in any football

related activity on a national international level but a mom's initial appeal was rejected by both the court of arbitration for sport eventually overturn the ban officials in switzerland stressing that they lack sufficient evidence to uphold the ruling. staying with football liverpool have laid out there are terms for parting with striker undie carle thirty one point four million dollars the asking price for the twenty three year old the club though spent almost fifty five million to acquire him from you cassel last year liverpool paying the third highest paid by club to acquire the england international new ledger brendan rodgers against a loan scenario but said he'll consider any quote worthwhile offer and quote carl has struggled on field only reached his top form towards the end of the season as liverpool finished eighth in the premier league a new boss and tong clearly looking for a fresh start after the club's worst league result in some eighteen years. moving

to ice hockey were last year's continental hockey league. have treated one finnish coach for another this offseason the hawks parting ways are most imminent placing him with composure and petrie. mati kind in forty five year old taking over of power high school which lost just two post-season contests on route to the garden cup finals last year and the hawks though coming up just short in the ensuing nail biting seven game finals series so they'll be plenty of pressure on the former finn the national team assistant coach to go one better this time around the team headed into their first pre-season training camp next week. and basketball n.b.a. started germy lin is expected to be unveiled as a houston rockets clear a little later on thursday for the new york knicks feel too much a three year twenty five million dollar offer for the point guard lynn passing a medical in houston ahead of completing the switch the twenty three year old shot to fame last season despite making only twenty five starts for the next after

making his debut in december lin some of the swept across america of his native taiwan the new york franchise were keen to keep hold of their star man but ultimately feel to much the rockets offer. to boxing where former w.p.a. like to welterweight champion amir khan says he's confident he can rediscover his best form after suffering his second straight defeat at the weekend the twenty five rule losing a unification world title fight to danny garcia but as a quick return to the ring possibly as early as december but the future could be without his renowned trainer freddie roach i don't really i mean at the moment at the moment i'm afraid. to let it down my team and we know exactly what's going up and. like that things can change. when we sit down with a team and begin to pull a few names to me and we're going to make it through the. next week or two. meanwhile calm has been honored by the u.s. olympic boxing squad the team have been using his gloves community gym in bolton to

train ahead of the games which begin next week team usa showing their gratitude by hunting over to the twenty five year old one of their suits and so forth and still remember list enough and in two thousand and four. to form a one where seven time former world champion michael schumacher is seeking to win his home german grand prix this weekend the forty three year old has yet to reach the checkered flag ahead of the field since coming out of retirement two years ago although he secured a place on the podium at the recent european grand prix for c.b.s. meanwhile are looking for their first win on home soil since one manuel fangio one afternoon bring ring in one nine hundred fifty four to marcus is he on the team are getting closer to that elusive victory. does is it does i hope soon but it's what drives me on and would of course has given me great pleasure as we have already shown this year we're capable and i hope will be able to win a race hopefully in hockenheim it will be

a great challenge show to stand on the podium as one of the burst is no two on realistic it would be a great result for us. not finally with the olympics just over a week away now let's continue our look at those russians best place to bring home some silverware up lyrics has long provided a stream of success for both the u.s. are russia they came so just how is the current crop shaping up michael kravchenko attempts to answer that question. with forty seven sets of medals on offer from athletics disciplines at the london olympics it's no wonder russia is counting on the athletics team for success they'll be heading to london with one hundred nine strong team three more than in beijing four years ago and they'll be accompanied by forty nine coaches and staff thinking with chances today explain to you the teeth of chances and approximately six and go for. this especially in the wins

so to new moon says remembrance rising star because it will also be heading to london after some truly surprising results early in the air and despite being modest to remain is as excited as anyone heading to their first olympics minister but and of course i'm thinking about it i'm also still very young and my opponents will all be so mature and experienced but i'll be trying my best but i think many eyes will be on the four by one hundred meter and four by four hundred meter relay races russia managed to win gold and silver respectively in these two events back in two thousand and eight and despite the added pressure some are still just happy to be a part of the bus and at the it's a celebration for any athlete to be a part of history a part of the olympics and to return from that with a medal well that's probably what not just any athlete would wish for but any person but well see. the clerics president was however keen to point out that there were other events russia would have a good chance and very strong ones like for before college made his race we have

stronger and stronger winds and. chemistry and destroying you can good chances in jumping events especially. hopes will lie mainly on recently crowned russian high jump champion irina garvey of she didn't want to jinx itself prior to the games but a sparkle was in our eyes and i'm not saying anything is a secret secret but you are expecting a breakthrough risk. games. well i'm really really hoping for one yes so the mood within team rushes athletics team is upbeat and with a shiny new kit to perform in will be sure to dazzle the crowds at the biggest sporting event in the world microphone go on t. v is all your sports flow whether it's next year and twenty four hour r.t. .

world. science technology innovation all the list of elements from around russia we've got the future covered. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm targeting welcome to the big picture.

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