tv [untitled] September 26, 2010 12:30pm-1:00pm EDT
see the week's top stories now fever pitch tensions at the u.n. general assembly of the spill as the iranian president the u.s. offensive rhetoric once again. fall so oil and gas resources beneath the take ice he sell competition over the region from seeing countries to seek a compromise in the bronx in countable. shifting the far right to fears that not just them is a misnomer rowlings following
a string of successes to immigration political policies in europe. more emmett's talks to professor william hung a current believes the greek bailout isn't legal. i'm in berlin with professor vilhelm hankel who is one of a group of currency experts who filed a suit with the constitutional court in germany against the greek bailout professor hackles that's very much for talking to r.t. now tell me about the complaint that you've launched with the caught so your whole idea. is illegal because. you would be in community. is completely forbidden for a very simple reason 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 do you will never be in trouble. because it requires all you want to use cases are possible face. maybe it really. this is a real fear. is flowing in. you. having a very. inflated and this is a reason we started this complaint treaty must be fulfilled. so you maintain that under the terms of that a bailout is actually illegal what outcome do you hope for if secord is sharing.
in german participation on since all the action. be stopped and i think we are coming back to. stability probably. freighting over a. maybe greek is forced to opt out and why not because the country is not very happy to see. the weak country trying to assume the 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 in saying if countries like greece and spain and possibly italy were forced to pull out. too soon or a possible one get smaller but a harder monetary union not sixteen or seventeen members but only was
ten or eight but countries. follows that all of this would be an option. the whole experiment of. union in my view which was not the union but concubinage sixteen sixteen countries shared one cover which is a nonsense political as well as an economic. experiment bilby stopped the whole go to come back to national currency so germany to it's a gorgeous 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 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 by seeing given this surplus stores in town that we've grown to appreciate something that is shaping our currency is not to damage but it is a real one to troubled 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 or. happen. at the moment all countries have problems with your because your give him credit which is not worthwhile for source countries in a year or so on all accomplished even big deficit countries countries with high
inflation rate. capability to get credit this is the reason three guns are ours ours are all over inflated. so after such an experiment every country become very. stable. we can. get in excess of. interest every week. has been appreciated and diminish made. exports to other places but more prosperity in the home markets so each country of see you and will fight against this national crisis because 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 a high inflationary intervention of say your central european central bank which is the beginning of inflation period for your and inflation for you means a weak if not. junk currency which is intolerable. so is the thousand years of monetary story all countries running it that it's like our it's now. source of deficits and so it's crisis why are monetary. revalidation and people other racial problem exchange for them 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 shot a short period of. let's see. into. problems a very long time stability for you what about the consequences of a year a collapse outside the usa 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 for a ten or so and then. turmoil in the markets so markets need. items so you need. the prospect of collapsing up or you'll make sickies would be a moment of turmoil but only. markets can complete the
stable currency is stable interest rate and come back to the normality. of something. but important was much more important for the markets. of economy and economies need. to perform. and. see. if. real a real positive effect on the economies involved into your soul countries keep on joining the eurozone on the first of january estonia will become and then what's the effect on the union of having nice more diverse economies being part of the problems. 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 use a chance for stability before they had to formalized you or you when we had an informal monetary union in your pounce a dutch mark there was no contract with no property. or luxembourg but a sure exchange rate between all sorts of. stable stable not five by the ancients and complex but because the markets fit together we had a very dense intel a sion between economies and we knew we had people from different countries so our monetary union is good flecked instability inside it's a countries if you have to count with stabilities you have
a defacto union and so it's forced the artificial. base of so your 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 date so all if our constitutional court will decide to have a quick sand i think and germany has to stop his participation in two years or 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 forecasts that lead into because when we started so your all is the same go up my nose one thing is
this week's a top story ends a fever pitch tensions at the u.n. general assembly but it is the reigning president loans the u.s. offensive pressure once again. boston oil and gas resources beneath it all to ice needs help competition over the region problems in countries to seek a compromise in the boxing capital. shifting far right is that some of them is almost vines following a string of successes sponsored immigration physical policies in direct. next google the nation's sports with that's how the.
you're watching the sports news an r.t.a. and here is our headlines. russian leaders they need show their mercy against the south who are in one of saturday's premier league highlights. in the cage challenge in a small so lives hatchery gives to number moscow a three want victory over visiting on guard. and in golf 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 can say it's at the top before sunday's action . so for both of us townsend it's relentless march to the second russian prime in a crowd in four years hit a new high on saturday the biggest backside not showing up the biggest win of the season at the expense of south zinny to receiving just reward for employing a normal out attack policy twenty five minutes into the game the on fire and
sounded good shuffle heading home an expert fashion their second came from the spots buffalo sauvage believes he was abandoned in the penalty area and so did the referees who shook his international danny did the rest of the thirty three minutes and just moments later two became three it's the doing the hard part lots of each with a tap in there. so it might have been forgiven for getting a little casual at this stage but think maybe temporary price slack defending from thomas about channelling may treat get a chance to go to have a story of one who was restored right after the break though good shot both claimed his second after this from was it was thought. have a double after the war and finished yet. that skeptical of hat trick was surely now has done enough to warrant a stop for russia against next month's world cup qualifier in dublin. the icing on the cake viola sunder i seen a six one the final score up morris. reigning champions
were being kept up the change though later in the day because on side that g. struggling along one nailed with four points between themselves and the needs of the leaders do hold a crucial two games in hand to tell and defend the salvatore book it was just signed from juneau office on twenty million dollars that he stood still in the case one will spoil the side. over in england chelsea have dropped the first points of the season manchester city winning the battle of the big spenders at a sloan's carlos tennis making a difference of minutes 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 so first appearances and little poles less than stellar stopped in the season and shows no sign of bolting the two will go against sunderland keeping them stranded in the boardroom paul full of the table moving to
france now where title holders olympic mall say moved up to fifth in the standings of three to one where no bustle schol the opening goal was an absolute for the visit this tie a tie vote probably had a cross on his mind but the ball having that's right i did find even that instead. and so must we can say it was the nigerian but looking up failed for in the open teammates of matthew dray it is too late with his reaction as moss a grandmotherly eighteen minutes into the match and fifteen minutes off the restart the hosts double delayed a lone for a win and loic remy has a war going solace with us the rest social pulled one back in the seventy fifth for a week without maurice the late but most say held on for the win a boost of confidence for them ahead of wednesday's champions league game at chelsea. this was something she enrique. the number one spot would be one the winner at the old retreat by yes scoring the winner from
a freaking knee on meanwhile remains stuck in the bottom would walk away from the first seven games and with those kind of results mode they may not be charged for very much longer. and that shift gears to formula one the way for not all loans was once again in the driving seat as he claimed his second straight poll for sunday's singapore grand prix that's why it's 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 bull sébastien patel will stop beside a loans on the greens with lewis hamilton behind that oath of enlistment to the third week 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. both out there and work similar in terms of up time i was in the car you
don't know what those are doing but i was quite happy with my lot. 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 so that was their main target for us. ok joe hockey now and now i'm also. on guard three want to help with that said straights when the visit is to get on the school board just three minutes into the game but i want you to be unconvincing on the rebound you'll believe the number responded five minutes later though denise mausam of converting all the breakaway for the equalizer. and there was more to come from him midway through the second period the young forward schools the second to put the hosts on top and he completed his fast korea had a tree 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 and that often securing this sad consecutive
victory of seventy seven fifty nine the final score that russia finish top of group d. standings and make it to the next round along with a second seeded czech republic in goal for a record setting final round the foreman said the tour championship could see phil mickelson overtake tiger woods as world number one later on sunday but the lefties to fall behind the leaders up to three days meaning woods is likely to retain his status at least for another couple of weeks. in the sixty eight on saturday mickelson is tied for ninth seven shots behind and states alone at the top of the shooting a walk around of seventy and they've done all that retief goosen dhawan shot back in second meeting both can still win prophetic scalp and it's tamil and though a bonus so cam fourth placed geoff ogilvy who trail spirit by three strokes. staying stateside for a classic rivalry all the baseball diamond with the red sox defeating their biggest
opponents new york a town to a drove victory made even sweet of boston with the yankees now out of the first place in the atlantic league east following the last new york pitcher and the teeth still showing plenty of rust in the second stopped after coming back from the disabled list jet blue. taking full advantage to hit a failure on the home of 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 sound a false slamming seventy so-so for six overall erodes commandable effort however in the game to the buy aleck loss to altitude for the rest of the team for ten to eight red sox victory. and finally russia continued to dominate their recent gymnastics world championships held here in moscow their streets a having the medal tables winning almost every gold on offer so far or the ball pool for that now takes a look at the daunting task facing other nations seeking to break their russian
domination. these world championships in moscow able to give the gymnasts a perfect bromance to see just how much they have to improve with the london olympics drawing ever closer however with the russians sweeping of almost every single gold available the future mitchell menace for their rivals that really think domestics 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 omma they could only finish in food in saturday's team a round event the first time they failed to win a gold so far has been talons took first place such a defeat as ran for the russians have won every olympic rhythmic gymnastics gold since ninety nine to see the russians dominance of the sport despite saturday's hit come is largely down to having the world's best coaches and a march pool of talent from which to pick from. i think such
a case and that they could be. a complete. put. to. try to. stop the fight. caught me up and take the house down rush from a former soviet union remained a powerhouse of rhythmic gymnastics with the rest of the world playing catch up more and more coaches from a former u.s.s.r. and i working abroad to help countries who've had little success in the past improve with italy managing to be the old conquering russians in the team or on competition there is hope for a number of nations where the london olympics lesson two years away. from hopefully don't see. that slate this is told for now stay tuned for a check on the wild weather.
hungry for the full story we've got it's. the biggest issues get a human voice face to face with the news makers. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are all. england and france tried to reason with hitler germany demands the land and gets its way they all trade a safety net for them so. the whole of europe isn't in war efforts to establish
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