you know most of the week's top stories of fever pitch tensions at the u.n. general assembly and the spin is the iranian president riles the u.s. with offensive rhetoric once again. vall store oil and gas results is beneath the ice he's helped competition over the region problems in culture you can see a compromise in the russian capital. and shifting far i fear is that nationalism is on the rise following a string of successes and see immigration political policies in europe.

next season or emmett's to professor william hung a currency experts you can use the greek bailout is an eagle. 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 with the cult so your whole idea. is illegal because of. your 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 it's a spade you have to do you'll never be in trouble. because it requires only one let's face it our popular face. maybe it's clear from. this is a real fear. is in. very very deep. inflated and so there's 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 sharing. in german participation. be stopped

and i think we are coming back to. stability probably the richest are fading away. maybe greek is forced to opt out and why not because the country is not very happy to see the week currently going through its two week 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 because sixteen or seventeen members but only was ten or eight but. rich can

follow suit 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 share one cover which is a nonsense political as well as an economic so if sis experimenting will be stopped the whole go to come back to national currency so germany to it's a dutch 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 would have performed during the financial crisis i think in case our congress are coming back to national currency and germany smart send they would have a clear cut split in your between countries depreciating. appreciating and germany

by seeing it given by surpluses in terms of current we've grown to appreciating something that is shaping our currency is not to 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 which 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. it's a moment all countries have problems with your because you will 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 reagan's hours are all

over. so after such an experiment every country becomes very. stable. so you can. get back to the truth every week. there has been appreciated and diminish made. exports to our places but again more prosperity in the home markets so each country of c. union will fight against this national crisis his national means and overcomes the kaiser's so it's a much better concept to master financial and to 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 you or and inflation for you means weak if not. junk a currency which is intolerable. so since see two thousand years of monetary story all countries running interpreters like ours now could source. says why are monetary. revalidation and people other racial problem exchange a moment in order to overcome the crisis and the need to see. if i am optimistic after. opting out of the deficit countries former union operating down the union we will get after a short 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 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 for a ten or so and then. in the markets so markets need. items so you need. the prospect of collapsing upper europe makes a case would be a moment of turmoil but only send markets can complete its people currency is stable interest rate. come back to the normality

of something. but important was much more important so the markets. in this of economies and economies need stable currency in order to perform. the kind. of. real real positive effect on the economies involved into your source countries keep on joining the euro zone 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 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 as

a contrary smaller union it's a more cynical way to it's a chance for stability before we had super formalized you or you when we had an informal monetary union and you will bounce a dutch mark there was no contract with no property. or luxembourg but we should see exchange rates between all source countries. staple stable not by by insurance and complex but because the markets fit together we have to very. into the lation between the economies and we need to hit people from different countries so a 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 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 and what kind of a time scale do you think we're looking at for potentially collapsing was 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 send i think and germany has to stop his participation in two years or union sends a day this is a five. but nobody knows. it's coming in reality so i'm quite sure. we have for cost the president because. your all is the same go up my nose one thing so your video. signal.

saying put it to. the front because it's. not me it's but. he could not make a strong political officials and i'm sure we. have. your will but i cannot see i cannot think if he was a precise date professor thank you very much. here. we. cover.

brighton. song from stupid. stunts on t.v. dot com. wealthy british style stock. markets . can find out what's really happening to the global economy for a no holds barred look at the global financial headline news to report on r.t. . more news today. flared up. these are the images the world has been seeing from the streets of canada. showing corporations are only day.

this week's top stories page tensions in. the u.s. for the fences once again. tough competition a. compromise in the. shifting . sand. on the way now with. the russian.

leaders but the team to win. just. you're with sports today here on twenty four r.t. i'm you know these are headlines keeping in contention c.s.k. moscow dominated f.c. tom to consolidate third place in the premier league with the season now into its final third. top gear fernando alonso produces a textbook race from pole to win the singapore grand prix and move up to second in the driver standings. as you wear the boston red sox don arch rivals the new york yankees for the second time in as many nights. more not coming up but. be overwhelming favorites to be crying russian football champions this year but

c.s.k. moscow certainly have not given up the chase the army men easing two or three when away to f.c. tom on sunday no waiting around for this one with less than a minute on the clock wagner love picks up the ball and finds the net exquisitely the man with the blue hair will be played a big part in number two as well love taking the defender out of the equation before taking off sea doo doo who knocks on for two no forty minutes the second half was won we assessed the traffic as well but the muscovites didn't have the ball pass the time line again until the death nest them on sweeping up the remnants three mail the final score get set thirty eight points behind leaders and heat with exactly a third of the season left to play. because cross city rivals the exact opposite look on the day the blue and white schooling die in three

millet home to spark tech now chick. got the ball rolling just after the high. mark . messi goal then made it to nil at the beginning of the second period again in the right place and he claimed his hump trick late on the twenty two year old proving the king of the six yard box but really the defense must take the lion's share of blame for this one three mill in the capital fourth and well in contention for european football next season. somewhat of a shock in the days final match up of rock bottom getting back to winning after three straight defeats the men from the beers edging. home. would be a minute header from big international. severe rim in the last but their fourth win of the year should at least restore some confidence. to.

run the day. but one to. their second win since july probably the best striker in the russian league this year ukrainian alexander ally of netting the real womens first in the. ok let's talk english football now and of hasn't been the best of days for. alex ferguson to take full advantage of chelsea slip off earlier in the weekend. needing to come from behind twice to salvage a point against both and when that would have seen the reds move to within a point to chelsea to themselves their first points of the season against man city . aston villa up to fifty two one win over wolves newcastle stoke couldn't be separated after ninety minutes. was a dramatic night on the formula one track with fernando alonso holding off

sebastian vettel to clinch is fourth the winner of the year in singapore the twice former champion are just eleven points behind leader. webber in the overall scheme of things that spawn you're making the most odd of his pool position on the night street circuit red bull sebastian vettel pushed him the whole way with teammate mark webber managing to survive a collision which not lewis hamilton out of the race seven time champion michael schumacher also putting nick heidfeld in a spin on the rain of a certain things heating up for heikki kovalainen the fins lotus clearly in need of a cool down at the end of it although it was along the edge vessel by just two minutes of a second with webber in third for racism in this. now the clash billed as the game of the weekend in the kontinental hockey league have a distinctly individual flavor to it on saturday denise putting his name in lights . off guard for their third straight win the visitors were the first to get on the

scoreboard just three minutes in what i'm on getting on with the lead. responded five minutes later the old converting on the breakaway i'm there was plenty more to come from the youngster midway through the second the young forward does it all himself with the hosts on top. of completing his first career huck trick with an empty netter to see the album cards late in the game three one in the final stewards now a sitting pretty. russia's female busta ball team are through to the second group stage of the world championships in the czech republic softer they reported their third consecutive win over argentina this time seventy seven fifty nine the final score thus finishing top of group d. to prove into the next stage the united states spain on reading champions or st are the other on the fitted squads. that put the bad a wall full record out of the finals they have lost in the decider of the previous

three championships all right that brings us on to the diamond where boston may have won two big bottles but the war. or for the post season is just heating up the red sox beating arch rivals the new york yankees for the second straight night on the road boston though still not guaranteed a wildcard playoff spot a sunny day in the bronx with the sox seeking to overcome the gloom of their recent struggles david ortiz enjoying good form at the top of the third inning boston a three zero lead big papi striking again in the fifth collecting his ninetieth r.b.i. of the season and helping the visitors to a four nothing lead the yankees going on to lose it seven three but they do have a chance at redemption on sunday the red sox will most likely need to win six of their next eight to secure that wildcard spot. right that brings us on to golf where it was a night of firsts in parlous with rookie john pari lifting the vivendi cup title for his maiden european true when the twenty three year old danish man holding his

nerve like a veteran of the gulf to join with force corey following up a birdie on the seventh hole with another one on the tenth putting himself in solid contention for the win put for a par enough to clinch the title in the it didn't break the heart of finishing seventeen on the car for the event you hunted for as was the long sweet and second place while this composite on half way steve is very good example and was in a five way tie for third ok let's head over to germany where a pair of kenyans overcame dump conditions to outlast the field at the berlin martha. patrick mcewan a tad smarter in a stride than compacted geoffrey mutai on the day the twenty five year old can bring the forty two kilometer distance and two hours five minutes and eight seconds

just fifteen seconds off the pace if you've been kook rounded off the podium workers pump operates we're on the mark in the women's portion of the race a bird who can betty as you nash kelly their top two their weight japanese moto in third let's finish by heading on to the mutts were sunday so the finale of the world with mick gymnastics held here in moscow russia have been dominating proceedings all week long didn't alter too much on day six constantly but top off went along for us. it's the first time russia has hosted the biggest two into north korean gymnastics so the pressure was high as the country is the clear trend setter in the sport but you know what the law is being done to make this who are even more vocal here we don't need sticks around the world it's easy to work with a ration a real pleasure many a full coach is what could be ruled to increase the level to next six worldwide

nevertheless we should continue the progress of the sport and we have a project for development. but pressure not the house swept all around them the proverbial nerves of steel very much in evidence with a tally of eight gold five and one bronze medal russia absolutely dominated the thirty eighth world championships the russians have always set the bar high for their challengers and on this occasion no nation came close to emulate ing them again a kind of an approved way she's simply the best overshadowing the field would have flo is routines the twenty year old gymnast adding three gold and a silver to him medal cabinet however the olympic champion can be fully satisfied with the result as last year come i won five gold medals and sensationally this a year in one thousand didn't reach the final of the ribbon a band that on i went to the to meet the one who long with the to conduct coolish more than ready to challenge to any of gania for a slice of her employer. competition is thus rife for

a place on the national team and that can only be good ahead of the olympic games in london in two years time russia climbed atop the podium in all but a single group final losing to reigning champions italy in one of the three deciders. we're very very pleased with their performance and their results i don't think we could even dream of getting a higher score it's extremely hard to compete with the russian team so i think we did very well. looking back over the six days of the world championships the inaugural games held in russia where in all this success for the host it all by as well for record holder at london two thousand and twelve consigning but out of our team. is your sport for this hour i'll see you soon but they stick around the world whether it's coming your way and just to take.

every month we give you the future we hope you understand. and want to bring the best in science and technology from across russia and around the world. join us for technology update on our g.

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