tv [untitled] September 26, 2010 10:30am-11:00am EDT
now. professor. who believes the greek bailout. 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 colt so your whole idea. is illegal because of the twenty four. community beitar is completely forbidden for a very simple reason a country which can count to be paid out will not follow. the money.
so all know it's a precondition for a stable you're. having now it's a spade you have to. be in. because that effort to replace all you want to use next cases are popular. maybe italy and. so this is a real fear. this boy in. revenue . inflated and this is the reason we started this complaint treaty must be fulfilled. so you maintain that under the terms of that a bailout actually what outcome do you hope for if secord is sharing. in german participation. 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 can't we can do is to the economy we 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. to suit your possible. get smaller but a harder monetary union not because sixteen or seventeen members but only was ten or eight but countries. rich
fellows do all of this would be an option. to your 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 in economic terms so if sis experimenting will be stopped the whole go to come back to national currency so germany to search my heart 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 of trying to start coming back to national currency and germany it was dark smart send they would have a clear cut split in your between countries depreciating. appreciating and germany
by saying we've given you the source and target we've grown to appreciate 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 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. it's a moment all countries have problems with your because the euro 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 so this is the reason reagan's hours are
all over. so after such an experiment every country could come back to speed. so you can. get access to the truth every week. has been appreciated and diminish made. exports to our places but more prosperity in the home markets so each country of c. union will fight against this national crisis business 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 recurrent c. but it is subsidized by a high inflationary intervention of so your central european central bank which is the beginning of inflation period for you or and inflation for you means weak if not. junk currency which is intolerable. so thousand years of monetary story all countries running it that it's like our it's now. source. why are monetary. relevation and people other racial problem exchange. the order to overcome a crisis and we need to see. if i'm optimistic after. opting out of the deficit countries former union or play can 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 and 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. to protect them collapsing up or you'll make sickies would be a moment of turmoil but only send markets can come for you to be stable currency is stable interest rate and come back to the normality.
of something. but important was much more important markets. to contemplate and economies need. to perform and. see clips. of. really the real positive effect on the economies involved into your country's keepon 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 use a chance for stability before we had to formalized you or you when we had an informal monetary union in your ballance a dutch mark was no contract with no proper. luxembourg but a sure exchange rate between all sorts of. staple stay but not by by the main shipments and complex but because the markets fit together we had to very . into the lake between the economies and we had people from different countries so our monetary union is conflicting stability 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 do you think we're looking at for potentially collapsing was very hard to say because economists like me can calculate trends but not date 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 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 your all is the same go up my nose one thing so your video not. sitting on the same politician sought to
you're watching the sports news an r.t.a. and here is our headlines. russian leaders they need show no mercy against the subform in one of seven days premier league highlights. in the cage challenge in a small saloons hatchery gives to another 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 crowded four years hit a new high on saturday the biggest backside not showing up the biggest win of the season and they expand solves. zinni to receiving just reward for employing a normal out attack policy twenty five minutes into the game the on fire and
sounded good shot for heading home an expert fashion their second came from the spot bunker was not it's believed he was founded 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 it soon became a story that shocked the doing the hard part was of which were the tapping there. so it might have been forgiven for getting a little casual of this stage but i think maybe temporary price slack defending from thomas what channel may treat gary chan got to go to the nats that's only one order was restored right after the break though good shot both claimed his second off this from was it was thought. have a double after weren't finished yet. but skeptical hat trick was surely not has done enough to warrant a stop for russia against next month's world cup qualifier in dublin. the icing on the cake came viola's sunder a scene
a six one the final score up morris. the reigning champions were being kept up the change though later in the day because on side benji struggling along one mill to put 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 and went to mandela's magic disco still in the case one will display the sign. over in england chelsea have told the first points of the season manchester city winning the battle of the big spenders and ace lance carlos tennis making a difference the minute before the alan ball city now sits second alongside manchester united and also the who themselves were shot by west brom by bills passed away to train one thousand so first appearances and little falls less than still a stop to 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 maul say moved up to fifth in the standings of three two one who weighed over us all sure the opening goal was an absolute dollar for the visit this tie a tie will probably have a cross on his mind but the ball have a that's right i did find even that ends them . and so must we can say why is the nigerian left back making up failed for in the open teammates of matthew dray it is too late with his reaction as small say grandmotherly eighteen minutes into the match and fifteen minutes off the restart the hosts double their lead a lone for a win and loic remy has a war lutrell gonzales with us the rest social pulled one back in the seventy fifth for a week without maurice the late but most a held on for the win a boost of confidence for them ahead of wednesday's champions league game at chelsea. and the south atlantic. change the number one spot would be one little room at the old retreat by yes boring the window from
a freaking me 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 fernando alonso is once again in the driving seat as he claimed his second straight poll for sunday 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 an engine a mapping problem slowing a little so down until the spaniard produced a blistering final round red bull sebastian patel will stop beside a loans on the grid with lewis hamilton behind that of a mushroom dotted 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. both out there and work similar in terms of up time because in the car you
don't know what those are doing but i was quite happy with my lab. i didn't know if he was enough to be a circle no fourth but i've seen we get what hundred percent of the crowd today and so that was their main factor for us. ok joe hockey now and now i'm also. on guard three want to help with 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 who believes the number is four hundred 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 in them to match it to seal guards fate awaits the. now russia's female basketball team is through to the second group stage of the world
championships in the czech republic that often securing this that consecutive victory over seven to 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 remaining woods is likely to retain his status at least for another couple of weeks. sixty eight on saturday rickles and is tied for ninth seven shots behind and states alone at the top of the shooting a walk around of seventy and the donald average person i want shot back in second reading both can still win without excuse up and it's damn million dollar bonus so cam fourth placed geoff ogilvy who trails 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 the boston with the young he's 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 stop after coming back from the disabled list. 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 false slamming sammy sosa for six overall a rhodes commandable effort however in the game to buy aleck was to al to inform the rest of the team for the 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 richer the poor feel it now takes a look at the daunting task facing other nations seeking to break the russian
domination. 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 would think of almost every single gold available the future mccomas for their rivals let's rethink 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 come on to they did and want to compete however maybe some chinks developing in the host nation zama 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 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 as large a time to have the world's best coaches and a large pool of talent from which to pick from. i think the trophy case and that
they could. take the capital putting to. do it right now to. try to. stop the fight. caught me up and take the house down russian a former soviet union remained a powerhouse of rhythmic gymnastics with the rest of the world playing catch up how the more and more coaches from the 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 beat the old conquering russians in the team all round competition there is hope for a number of nations with the london olympics less than two years away. from both a dotty moscow. that's late this is told for now stay tuned for a check on the wild weather.