hello are you watching our two from moscow at the top stories this afternoon more bloodshed outside damascus while rebels in the regime escalate violence in serious key northern city of aleppo. the u.n. vote which slowly pressures the regime in the fight. thousands of israelis gear up to march across television demanding social justice from the government they keep cutting it all but splashing out to score political points prime minister netanyahu has popularity dropping massively as people's outrage grows. and forty five people are reported injured in bahrain as police fired tear gas and stun grenades at protesters demanding political reforms while a leaked video allegedly shows government mercenaries driving cars and demonstrate

. spain's give the strongest indication yet that it might finally need to lean on europe's bailout fund next that noble economics laureate edward prescott explains what he thinks has gone so wrong in the region and what needs to be done then to put it right so. noble economics laureate. america will have a joint collapse much bigger than in two thousand and eight mr prescott let's start with. the water if you have. four children and give more credit cards. but tell me that they have to behave responsibly and one of them does. what. it's not. there's going to be problems and that we have to sort of cut out that it's

analogous to the subprime mortgages which made it was not beneficial to either side but the government wanted to foster home ownership in pretty much set of a bad system the problem for the germans and the french to somebody they should not run to. and somebody who should not be borrowing them was not as should not have the borrowing should have been people monitoring the market should let their corporation in the usa have some big ones and they've got many of bankrupt and the old people vote. people want a place to say so the french and german governments. said lend to the banks in the banks or do them do with all this money and they said well you lend. greece. i think there's a good chance of the paulding i do not think that will be an economically.

major event. the disruption will be very short but you know some of the states in the united states one bank one in eight hundred forty the federal government did not bail out the states. and there is not a major disruption in real output and employment they may go by in the fall and stay in the euro zone but the euro may just completely. collapse and not the advantages to having it seem very symbolic it's true that it's convenient for the poorest women who for tween the states and but countries that did not enter euro. have done as well or better. than those that. did it didn't seem to be a big. positive benefit to. the members the ones that

didn't join you know are sweden. denmark and the united kingdom one of the reasons why the euro has failed so just retired such a young age they're just not. and make promises to the citizens which you can honor that's bad in the question will get upset with. promises of. western europe has no choice except to reform and they have started to reform. the swedes effectively cut their tax rates they've privatizers saving system along the lines. of australia and this is an effect of tax reduction the about that the europeans are working has gone up a little but they've raised the retirement age. at

a little bit slower phasing some of this in there's very little discussion of how you actually leave the euro as the economist are you saying it's could you could you lay out the steps to issue some of your own currency. there will be debt determined in europe and now well in the euro's to people in other countries and they'll be a lot of legal actions. to settle there one of the countries to fall i suspect the greek businesses. garden's the money a lot of it out of greece and in europe or. more stable countries was using this crisis to grab more powers from national governments how does that make things even worse dangerous centralization. chinaman. and from. thousand to thirteen hundred it was the richest

country the most advanced they had gone to. much better than europe and they were by far the leader but then they under the main dynasty they had centralized and then they started preserving the status quo. the provinces lost power they organized the sensor that was the oppressive were an institution set up to criticize the government within the government which is an unusual arrangement that worked coming down so you got rid of that and then technologically aggression said it there few people from the other end of the euro asia landmass came and humbled that great empire was the us economy doomed to fail and what will happen they haven't got rid of the too big to. fail problem. they get real big people know who lend to these. financial institutions know that they will be bailed

out. or expected and therefore the institution can borrow at a lower rate so they get the these institutions and the banks to be other groups of people that have this operate this this is a prize called the bank i get scared with the washington new york connection sort of government likes to sketch favors out to certain people and then get big contributions there will be some bankruptcy be some major intervention by the fed. to avoid. i think the calm bank run systemic risk work everybody wants get their money out they come close to having that problem now in greece but it may be the rational thing to do how would this collapse compare to two thousand and eight subprime crash i don't think the two thousand and eight was that big not as big as the savings and loan crisis there are these the federal savings and loan

deposit insurance corporation going bankrupt in the government have to step in and take the assets of these companies and the positives. in and sold these assets and make it was not their problem was eight percent of g.n.p. eight percent of current g.n.p. is a big number it's the trillion dollars that's over from here and then they sold that off they were got six percent of g.n.p. back in the taxpayers made up the other two percent there was some hidden tax that the tax increases. at that time no bailing out the big banks of hidden ways. that we always have when you get there's should be a good separation between the state doing its job and the various agencies the fed should be independent statistical collection agency should be independent and i would say the finance and business sector should be. separated so america hasn't

actually two thousand and eight bank and credit issues. and one theme i believe was sixty we did not have a credit card they had to pass some special legislation and that and then the water and then over time they become quite large. you can get about six or ten of the introductory offers that very low interest rates and people just pull them over some of the wheels that was financed way as long as the price of real say was going up these people do great. but things can't keep going up and that'll. how much. to blame for the mess the world economy is in on not sure why even we even need banks with enough fractional reserve why we need institutions borrow from one group of people in very short term demand and lend a little bit longer. or much longer. working on the problem

of financial reform the us is going to have a financial crisis in the not too distant future the dodd frank bill was poorly designed but i want to be ready when the next crisis comes with a good system i've been fostering people to work on this problem of designing a better financial system that doesn't have this risk when they get too big to fail that's interest and who ends up subsidizing them taxpayers. well for the future to science technology innovation and all the news developments from around russia we've got the future covered. i'm

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shooting. on the. street all of whom live here. in forty acres and nineteen ninety three and decided it would be a great place to find the belle the home and retire. there she is. we call it our new neighbor neighbor seven. we have seventy acres here and i can convince them that they need to drill somewhere besides two hundred feet from our house. the needs of our growing economy also means expanding our domestic production of oil and natural gas which are vital fuel

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headlines from r.t. tonight more bloodshed outside damascus while rebels in the regime escalate violence in serious key northern city of aleppo that's as moscow slams the un's vote which slowly pressures the regime on the fighting. thousands of israelis gear up to march across television demanding social justice from the government to keep cutting at home but splashing out to score political points prime minister netanyahu is popularity is dropping massively as people's outrage grows. and forty five people are reported injured in bahrain as police fired tear gas and stun grenades at protesters demanding political reforms video allegedly shows government mercenaries driving cars and demonstrated. now some of the support poles here.

hello and welcome along with two the sports headlines hey is what we've got for you blow it away maria sharapova wins an olympic silver medal for russia in the women's singles tennis however gold goes to serena williams in a totally one sided final at wimbledon. strong pollution or merits hopes of retaining his four hundred meter and then picked over as he suffers a recurrence of base hundred injury during his heat in london. on the saints and sinners endings in pieces maintaining that perfect start of the season with an impressive three one away win over fellow title hopefuls moscow. but starting at the london olympics where russia's maria sharapova has won silver in the women's singles tennis however she was comprehensively beaten six six one by

a totally dominant serena williams in the final a display of sheer power and athleticism were simply too much pressure up over who had no answer to the world and champion the match lasted just sixty three minutes as the american at the olympic title to her fourteen grand slam victories she's now the only female in history to have won all four grand slams and then in pick singles and doubles titles. meanwhile there was also disappointment for sure up of as compared to your maria kirilenko she lost her bronze medal match with fellow russian victoria azarenka the australian open champion just two strong winning six three six four innings in russia finished the women's singles with just a silver having won gold silver and bronze in praising four years ago. meanwhile the world record holder you saying bolt was not at his imperious best as he qualified for the one hundred meters men's semifinals the defending champion

clocking a by his standards sluggish time of ten point zero nine seconds american ryan bailey sending out a signal of intent after running the fastest ever time in an olympic heat he came through in a blistering nine point eight eight seconds the fast track in east london allowing his compatriot justin gatlin to also run sub ten seconds and nine point nine seven all the way in chambers he was only competing for great britain after a ruling from the court of arbitration for sport overturned i'd be. also qualified for sunday sunday's running ten point zero. win while the men's reigning four hundred meter champion list sure merits title defense is over the american pulled up injured in this heat with a recurrence of one hundred twenty six year old suffered a similar problem in the diamond league meeting in monaco three weeks before the game but even i quote. countless hours of treatment were unable to prevent the problem from flaring up once again. staying

with the four hundred meters an oscar pistorius has created history he's become the first amputee to compete in the olympic games the south african reached the semifinals after clocking a time of forty five point four four seconds to finish second in his hate the four time paralympic champion no doubt boyd by marriage withdrawal on the day swells his family with pride. to. an equal. when you. you vote for him to be as big as emotional for you. to. question. their pride. for russia did are drawn into that tally in badminton may know his low over. the keno beating their canadian counterparts two sets to love to secure third place in the women's doubles the joy of a medal not tempered by the fact it's

a somewhat we can torment of the four leading teams were suspended for the match fixing allegations. for russia's men's basketball team have guaranteeing top spot in green bay this after a tense victory over spain david plotz men were seventeen points behind after the first quarter to manage to find their way back into the game a three pointer from victor dong from timothy must go secured russia last minute seventy seven points to seventy four with. potentially one of the biggest stars of the games has arrived in london with question marks hanging over his fitness for my one hundred ten me to hold a world record holder usually one pulled out of a diamond league meeting three weeks ago with a back injury his coach says there are now concerns over a foot problem two thousand and four champions young missed the very games with a similar complaint. before our departure from germany you had an examination of his food by a german doctor who told us that the injuries are not

a big problem however he cannot tell us how serious the problem is i think we'll have some medical experts to have a chuckle used food at the olympic village also will try to adjust the situation through training so the next couple of days. now fans of the winter edition of the m.p. games can get a glimpse of things to come in twenty fourteen sochi park in the heart of london bringing together athletics anthea tricks to showcase what awaits spectators in russia in eighteen months time constantly to top off as more. while the summer games are at full throttle in great britain's capital russia and forgetting the next winter games at the black sea resort of sochi in two years' time and has build this sort you pork in the luxury neighborhood of london next to the famed royal albert hall in the pavilion visitors can get a taste of what the games will be like however probably the biggest attraction of the sochi port is a nice ring that hosts big tekoa figure skating shows where the olympic champions

taking part this event will surely become a must see venue at this summer games. russia's famous former figure skater who created the show that brings together sports and theater the play on the ice future six olympic and eighteen world champions and there are from all londoners to take into winter sports. the people who come to see our show we'll understand russian. russian heart. russian emotion. that's what leadership here for all the world really like. you feel olympic. emotions you know you're around you and this is great that we are here we're skating here and this is like small exerting exotic in the summer olympic games one

of the biggest ice events to be shown outside russia is surely to become a success in great britain and hopefully it can become a good chance for spectators to experience a piece of the we're a games in the middle of the summer consenting bought up of our t. . now away from the olympics into football where russian premier league champions and they send pages. dealt an early blow to title rivals sasco moscow they secured a three want to wait in the russian capital then he finished fifteen points ahead of sas car last season and have already clear daylight between themselves and the army men in this campaign this match was as good as over after just half an hour or so i say mark topping home when alexander curry cough drops on the ten minute mark three minutes later and it was to nail this time samak was brought down in the box allow encourage it off the charts to hit home his fourth goal in three top flight

matches so far this season. confusion in excess carports than allowed to see all the points on thirty two minutes. strike before half time was academic no more than a consolation three wins from three for the reigning champions now the two defeats on the spin for when it suits these men. meanwhile alarm you have secured their first winter time into the top flight landed in some style they thrashed nine man terry gross in five nailed the way aided by the dismissal of terry goalkeeper anton i'm a chunk of after just two minutes of first heartbreak from brazilian neko plus strikes from thomas prisca and i'm delighted in their cause in the house for the last time the visitors then had another man sent off before us and two full of completed the scoring in injury time. on friday more picked up their first points of this isn't just patching the last of three now we're going to get a sense car i'm seeing and any coming out this month more davie i knew

a result was paramount and thanks to you have gainey. they got off to a superb start after just ten minutes the last of the toss becoming even more difficult early on in the second period. to cough chinning into his own net after more diver effort on goal was parry by the goalkeeper then deep into stoppage time the home side wrapped up a comprehensive victory. in the man blasting. off the mark with the three no when they moved up to eleven frost of forty three. one point from three. unfunny christiane of an elder says he hasn't ruled out the possibility of playing in america the portuguese star is currently in the usa with the galactica is on a pre-season campaign on the twenty seven year old so he could follow in the footsteps of david beckham he swapped madrid for the m.l.s. . and i think. you know they do it the best i can i think is good but they can they can be better so. if i can help to be

a better soccer here i can help but i think it's good. grades they are in the good and the good way and the coming year it's a play one day. well that is all from the world of sport for now but there's plenty more later hay on the world weather is next.

old started here before going global and now it's cooling fire. again. choose your place take your stand. to. make your statement. split the way. she points to a long. secret laboratory. to build the world's most sophisticated robots which will unfortunately doesn't sound anything tim's mission to teach me. to care about humans and world.