tv [untitled] September 26, 2010 12:30am-1:00am EDT
welcome back you're watching r t here is a look at the top stories of the week tensions ab the u.n. general assembly reached fever pitch as a rainy and president mahmoud ahmadinejad's briles u.s. officials with noisy rhetoric many protested his attendance and president obama called his remarks offensive. how the recent success of anti immigration political parties and europe is turning hands raising fears of growing nationalism across the continent. as arctic ice melts the struggle for access to the region's vast resources heats up prompting russia to call for more
cooperation for that reason the arctic nations gather in moscow this week and in town to avoid clashes. out and start his lore amma talks to professor william han kill a currency expert who believes the greek bailout is illegal. i'm in berlin with professor vilhelm cole who is one of a group of currency experts who filed a suit with the constitutional court in germany against the greek bailout professor michael that's very much for talking to r.t. now tell me about the complaint that you know with the colt. is illegal because. it will be a community. of this complete. for a very simple. a country which can count to be bailed out will not
follow the financial model. so all know it's a precondition for a stable you're. having now is a spade you have to feel so you'll never be in trouble. because all of that effort to reap is only one piece next cases are possible phase . maybe it's really fun so this is a real fear now it's going in. very very weak. inflated and this is the reason we started this complaint. must be fulfilled and not so you maintain that under the terms of that a bailout actually called what outcome do you hope for if secord is sharing.
in german participation on action. be stopped and i think we are coming back to. stability policy which is now fading away and maybe greek is forced to opt out and why not because the country starts very happy to see you all week can't we can't do is to weak economy cannot share. monetary crap having hard towards for stability and hard currency and what effect do you foresee for the rest of the year if countries like greece and spain and possibly italy were forced to pull out. too soon or possibly one that is smaller but harder monetary union not sixteen or seventeen members
but only with ten or eight but countries. which can follow suit all of this would be an option. to your whole experiment of. union in my view which was not a union but in which sixteen sixteen countries shared one currency which is a nonsense and political as well as in economic terms so if this experimenting will be stopped there would go to come back to a national currency so germany to its advantage mark and why not the torch mark there wasn't a particularly strong currency was it in there in the ten or twenty years leading up to the euro how do you think they do it would have performed during the financial crisis i think in case our countries are coming back to national currency and germany it was dark smart send we would have
a clear cut split in your between countries depreciating and appreciating and germany i think given the surpluses and current account we've grown to appreciating that the shaping of currency is not the damage but it is a real one to travel the country you get more real goods for your money so we would have a higher welfare lower interest rate and better performance in the whole economy bitch we had before your point if the euro did collapse and the year is broke apart surely there would be a period of huge instability in countries like germany and throughout the year i say. we would happen. at the moment all countries have problems with your because the euro give him credit which is not worthwhile for source countries in new york or so on all countries even big deficit
countries countries with high inflation rate. capability to get credit this is the reason they're ours ours are over inflated. so after such an experiment every country become very. cool people from different can run. their lives you come and see getting back to the truth ready for the creek proper going to. be appreciate and diminish maybe export surpluses but again more prosperity in the home markets so each country of see you and will fight against this national crisis first national means and overcomes a crisis so it's a much better concept to master financial and real economic crisis some economists say that europe will emerge from this crisis in better shape than
it ever was before what do you say to that it's a moment your whole is subsidized currency so it is a v. currency but it is subsidized by high inflationary intervention of say your european central bank which is the beginning of inflation period for your and inflation for you means weak if not. junk currency which is intolerable so since thousand years of monetary story all countries running interpreted like ours now could source. why our monetary. revalidation and people other asians are from an exchange. in order to overcome a crisis and we need to since. i am optimistic after. opting out of
the deficit countries former union operating down the union we will get after a short a short period of. let's see. problems a very long time stability for you what about the consequences of a year a collapse outside the euro zone i'm thinking about its effect on the world financial markets some say that it will be cataclysmic much like the collapse of lehman brothers was what do you think i think the better off for a ten or so and then. in the markets so markets need. items so you need. a prospect or there is a collapsing upper europe that makes it would be a moment of turmoil but only. markets can calculate is
stable currency is stable interest rate. coming back to the normality of something. but important is much more important so markets. of economies and economies need. to perform. and. see clips. of. real a real positive effect on the economies involved into your storm countries keep on joining the euro zone on the first of january estonia will become a member what's the effect on the union of having these more diverse economies being part of the problem. look monetary union we have lessons from history can function only a limited period if you have no tomorrow on the external markets and it can
function only among countries having to seem stable conditions so i would say is a contrary smaller union it's a more cynical way to it's a chance for stability before they have to formalized you or you when we had an informal monetary union in your bounce a dutch mark there was no contract with no compromise. or luxembourg but as you may sure see exchange rates between all source countries where stable stable not buy buy insurance and complex but because the markets fit together we have to very dense into the relation between economies and we had people from different in all sorts of countries so our monetary union is good flecked instability inside it's
a countries if you have to count with the abilities you have for the factory union and so it's forced the artificial. base of so your we have no common base of stability in the union we have been very weak base for the union and this is now becoming many fist what kind of a time scale we're looking at for potentially collapsing to is very hard to say because economists like me can calculate trends but not dates so if our constitutional court will decide to have a quick sand i think and germany has to stop his participation in the union sends a day this is what i have. but nobody knows when. it's coming in reality so i am quite sure. we have forecast the
president because when we started so you're all the same corp by no one was forecasting zoo your video not stable cannot. send politicians thought to be funny economists. saying it's but. economic laws are strong political vicious and so far i'm sure we will. have to see. collapse of your but i cannot see i cannot give you the precise date for the sample thank you very much pleasure.
our stuff we are going to come back. we'll have a rally we'll sell lots of beer will wrong wrong they will wear uniforms that will damage is down the black memo that but very little damning the white. and they are the key to our problem are already. wealthy british scientists hold some. markets. scandal find out what's really happening to the global economy for a no holds barred look at the global financial headlines tune in to cause
tensions of the u.n. general assembly reached fever pitch as iranian president mahmoud ahmadinejad riles u.s. officials with noisy rhetoric many protests at his attendance and president obama called his remarks offensive. the recent success of n.t. immigration political parties and europe is turning heads raising fears of growing nationalism across the continent. as arctic ice melts the struggle for access to regions vast resources heats up prompting russia to call for more cooperation for that reason our nations gathered in moscow this week in an attempt to avoid clashes . were the top stories of the week time now for sports update when they tell you don't go away.
you're watching the sport news an r.t.a. and here is our headlines. russian leaders they need show the most against durham in one of saturday's premier league highlights. in the cage challenge denise lives hatchery gives to numb a mosque away three want victory over a visiting of on guard. and engulfed tiger woods will retain his number one status barring a record setting performance from phil mickelson on the final day of the tour championship meanwhile it's jim fury so it's at the top before sunday's action. so we start with the bulls and it's relentless march to the second russian premier league ground in four years here to a new high on saturday the biggest big side belching of their biggest win of the season at the expense of. the nature saving just reward for employing it and all out attack problems say twenty five minutes into the match of the own fly out
example of the football having to go in expert fashion their second came from the spot duncan was of age believed he was up on the day in the penalty area and so did the referee so which of these international danny did the rest of that thirty three minutes and just moments later became three the triple doing the hard part a loss of each with a tap in their. city it may have been forgiven for getting a little casual at this stage but between the temporary price slab defending from a publisher but charmed retreat during a chance to put into match three one order was restored right after the break though could call for claiming his second after this from the off and the double act when finished yet that scripture falls patrick has surely now has done enough to warrant a start for russia against ireland in next month's world cup qualifier in dublin. the icing on the cake came via. a scene also six one the final score up north.
the reigning champions are being picked up to chase the later in the day the design side edgy struggling aligned you know one meal to put four points between themselves and zinni to the leaders do hold a crucial two games in hand italian defender salvatore but kitty was just signed from juneau offer some twenty million dollars mansion his first building there would be always one will the final score in the sign. over in england chelsea have dropped the points of the season manchester city winning the battle of the big spenders at eastlands carlos tempus making all the difference a minute before the hour mark sitting now said second alongside manchester united and also the who themselves were shocked by west brom by goals passed away victory in one thousand told first appearances and they were poles less than stellar stopped in the season shows no sign of bolting the two will go against sunderland keeping them stranded in the book all of the table. moving to france now where
title holders are in big mall say moved up to fifth in the standings after a two one where no social opening goal was an absolute stone up for the visitors keep up tie a tie will probably have a cross on his mind bob the ball had a better idea of finding the net instead and so nice we can say it twice the nigerian left back making field for in the open teammates. and matthew dry at least two way with his reaction as moss a grab the lead eighteen minutes in and fifteen minutes after the break the hosts doubled the lead a lone for a win and lloyd rayney has in for lunch again sollars who does the wrist social pulled one back in the seventy fifth through an equal maurice belabor marsay held on for the way in a boost of confidence for them ahead of wednesday's champions league game at chelsea. you know that's how the camera change the number one spot will be one male
big drag me on the tree why yes scoring the winner from a free kick we all meanwhile remain stuck in the bottom. just for just one win from seven games and with those kind of results most here may not being charged for very much longer. and that shift gears to formula one that way fernando alonso is once again in the driving seat as he claimed his second straight poll for sunday's singapore grand prix it's one state a nine year old achieving a remarkable turnaround after a slow start all the more you have a street circuit and engine a mapping problem slowing alone so down until the spaniard produced a blistering final round red bulls a boston battell will stop beside a loans on the greens with lewis hamilton behind that to the englishman delta to the third with a small momentums with the two time world champion though the spaniard putting himself in a great position to follow up his winning makes me a fortnight ago with another one on the singapore streets. both of my daughters
were really were both out there and weren't similar in terms of up time obviously because you don't know what those are doing but i was quite happy with my lap on i didn't know if it was enough to be a circle no fourth but i've seen we get one hundred percent out of the crowd today of so about. their main target for us. ok joe hockey now and now i'm also. on guard three want to help with straights when the visit is one of the last to get on the school board just three minutes into the game but i want you to be unconvincing on the rebound will that lead to number responded five minutes later gold in a small sum of convincing all the breakaway for the equalizer. and there was more to come from him midway through the second period the young forwards pools the second for the hosts on top and he completed his fast korea had three with an empty netter to guards fate late in the game. now russia's female
basketball team is through to the second group stage of the world championships in the czech republic that after hearing that that consecutive victory of argentina seventy seven fifty nine the final school that russia finish top of group d. standings and make it to the next round along with second seeded czech republic. engulf a record setting final round performance and the tour championship could see phil mickelson overtake tiger woods as world number one later on sunday but the left too far behind the leaders after three days of action many woods is likely to retain his status at least for another couple of weeks five posting his best round of sixty eight on saturday may call sunday's tied for ninth seven shots behind jan fury sits alone at the top of the shooting a of seventeen live donald and retief goosen are two shots behind in second meaning both can stay away in the fed ex cup and eights sammael and bonus so fourth placed ogilvie only trails by four shots. staying stateside for
a classic rivalry all the baseball diamond with the red sox defeating their biggest opponents new york eight ounce or eight road victory made even sweet of boston with the yankees now out of the first place in the atlantic league east following the loss new york but it sure and teach still showing plenty of rust in the second. altaf to coming back from the disabled list jeff lowe we are taking full advantage to have a full year on home and making it three zero to the sox early on their baseball is a game where records are especially coveted and alex rodriguez has got an historic home broad number six hundred and sounds of false slamming sammy sosa for six overall a rhodes commandable after a however negated by aleck loss to al to inform the rest of the team for a ten to eight red sox victory. and finally russia continue to dominate there with make gymnastics world championships held here in moscow they are streets ahead of
the medal tables a winning almost every gold on all four so far which involved fulfill it now takes a look at the facing all the nations seeking to beat break the russian domination of. these world championships in moscow able to give the gymnasts a perfect bromance to see just how much money have to improve with the london olympics drawing ever closer however with the russians sweeping of almost every single gold available the future looks almost for their rivals that rhythmic gymnastics has a long tradition in russia the country has a number of brilliant coaches while there is a lot of funding perhaps most importantly there are a number of girls who are much too they did and want to compete however maybe some chinks developing in the host nations arma they could only finish inferred in saturday's team iran defends the first time they failed to win a gold so far as battalions took first place such a defeat is rare for the russians have won every olympic rhythmic gymnastics gold since ninety nine to see the russians dominance of the sport despite saturday's he
come is largely down to having the world's best coaches and a large pool of talent from which to pick from. but i think much of that they go would be. a complete. putting but we do not. try to. stop it but the main part in taking out. russia in the former soviet union remained a powerhouse of rhythmic gymnastics with the rest of the world playing catch up however more and more coaches from a former u.s.s.r. now working abroad to help countries have had little success in the past improve with italy managing to beat the old conquering russians in the team all round competition there is hope for a number of nations with the london olympics lesson two years away. richmond hopefully dati moscow. that's late this is hold for now stay tuned for