they just like the g twenty but as alexie cauldron tells r.t. countries it should be wary of the dangerous ripple effect of weakening their currencies to save themselves. i mean now wait for the point where the power is money better to talk about what is the flow. and we find. that. thank you for finding time to speak with us what real economic results does russia want to see after the summit. the first of all the world has entered a new stage of fighting the crisis while most countries already show an economic growth it is still very unstable. and we must be very careful about discontinuing economy support measures that demand still needs to be supported with so there's

this continuation of anti christ as measures will be a prolonged process whatever the less we're looking for ways to create private demand but we expect private demand to break through different methods are being used including selective support of central banks and others it is very hard to find the best solution but joint efforts by countries have been fruitful so we hope that the whole world is not going to fold back to new problems it's. probably the saudi government but the us just poured six hundred billion dollars into their economy do you think america is exporting its crisis abroad. if. you don't wish to we shouldn't put it this harshly now i think. at the first station the federal reserve took the brunt of the crisis as you see it in other countries by creating sufficient demand. at that stage the fed played the decisive role as did the european central bank. those two institutions played the critical

role that asked for this stage discretion must be used well taken action on the world market i wouldn't call it a crisis expert right away although this money can have a very different effect on different countries no doubt it will help the usa and the usa will remain the driver of the global economy however with that easy money flowing into developing markets may boost asset prices so some countries may experience certain difficulties and i wouldn't say that such measures are go into drove a soul into another crisis. thank you. so much for that. let's talk about china they control their currency raising production and exports germany is also a leader of exports do you think one could call this economic egoism. if you well speaking of china it really is pursuing a somewhat different economic policy and now it is notorious for its lack of

flexibility we say that within common coordinated efforts the exchange rates must be more flexible this is what we must aspire to i can say though that we must move towards this as fast as possible if china devaluates its currency now the world may not benefit from it that much the world isn't go into and as much as china is going to lose china is also a driver of growth these days so i think the flexible rate policy should be implemented gradually. today i detect certain minor displays of i go to isn't on the part of some states before. the u.s. criticizes china for devaluing the want but are practically doing the same thing with the dollar russia has reacted i think we can say calmly to this is this because russia doesn't want to tell other countries what to do is that the reason. you see at the moment russia isn't bothered much by these problems we're not

suffering much from this policy now although in the middle and long term perspective we do hope that china adopt some more flexible policy today neither the policy of the us not the policy of china can hurt us much which is why i would take a moderate position and always see compromises and common consensus within the g twenty we occasionally act as an intermediary both within break and the g twenty in the search for consensus with russia says it has one of its roles as well with the spirit of the government right now. but there's still a lot of talk of the currency war intensifying in that case will russia get involved and will it have a choice. a problem or with a bust in those problems can get worse such a possibility exists and it is widely discussed today if some countries keep trying to tame competitive advantages by all to fish only keeping their currencies low

this may lead to other protective measures being used so it is tariff regulation and export bans we will see a wave of protectionism. so we need to find a path that we will all be able to follow without seriously infringing on the balance of interests of all countries we should not please some countries at the expense of others this is why we think we should be considering ways of increasing flexibility of exchange rates. there have been propositions here to determine exchange rates according to the current balance of payments and to impose maximum limits on the balance of payments well we haven't been able to implement that policy at this summit instructions have been given to finance ministries to consider these measures before the next summit the decision has been made to work on this matter and to hone that mechanism although the measures themselves were not simply meant to that this and that second responsibility nomic policy which shouldn't lead to currency wars like this one must provide limitations on budget

deficit and foreign debt like the maastricht treaty now we need to develop similar criteria for the world economy which is something we discussed two years ago during the crisis most likely today we will agree on the roadmap the schedule of developing such regulations those are just first steps which will eventually lead to a situation when there will be no imbalances that have to be corrected by way of currency wars. second we should limit currency wars themselves with those limitations on the balances of surplus payments. these measures are under way now but most likely they will be ready by the next summit of the will to live from seven. but two years ago leaders also proposed to fight protectionism and in fact it got worse. there that he would well we agreed in toronto but we would all refrain from any additional protectionist measures as far as i know there has been little protectionist

activity since toronto what you are talking about must have occurred before toronto when some countries were taking measures to save themselves. right now countries refrain from protectionism although we all realize that some extreme measures are needed to make sure such protectionist barriers to not appear again thank you but a year to follow. them during a meeting of the finance ministers ahead of the g. twenty the bric countries strengthen their role in the i.m.f. what does that mean for russia what we're going. to suggest we must always cooled an untold position with the bric countries on the other hand brics position including that in the i.m.f. will grow much stronger after the quarter of distribution that is to be approved by leaders at this summit absolute proof bric countries will get into the top ten biggest time of shareholders russia will be the ninth india the eighth brazil the

tenth and china the third biggest shareholder. that means that our share in our contribution in iraq to citizens will grow to just under fifteen percent which is close to a booking stake which is usually fifteen percent or so russia's role in the i.m.f. decision making has definitely grown bigger. than our system of the. president rather the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. and you would i think there is no coming back to the gold standard in today's world it isn't possible to peg any currency to gold or any other metal or resource whatsoever this is obsolete now. what we're discussing now is just the opposite how to make those exchange rates more flexible

. meaning that they're not going to any national resources like gold. they came to look to ride and it is possible. how much of a chance is there that we could see countries the world's economic powers switched to a multi-currency reserve. store by me to go but is a i think in future as the economy globalized as the need to create a certain basket of world currencies is going to rise it's going to be many years before we get there though look at what we did we will get it thank you very much for your time. this is just a parliament building in. that. sixty five

years ago. it was the final target of the last major offensive from the man army. scout became the symbol on the fall of the financial system. and the victory were nazi germany. the follow. on r.g.p. . holidaymakers wouldn't dare to swim so deep. the tourist would be scared of such cold water. and would never die if nothing was in the arms or. they are not tourists they are researchers. and fillmore's on land than in deep water.

for years. camille's are comfortable shuttle bus will teach you to the spot. just a few hours observing virgin forest and scary to scurry mirrors in your direction. on the moon. crater. scorching soil and toward there are included. a photo with the wilds of the lunar rover for free. moments when the world has changed forever. thousands passed to nothingness. thousands wounded.

first. hand doomed to suffer to the end of the land. it was the first but probably not the last military uses of this weapon. many more will be come. children calm and get on in the future. of a failed state this is not a provocation but a warning of. a forty eight and he said several you sure disapprove victory speech so they have no idea about the hardships to face.

they wanted this is. too nice to. bring in the army to use the is the most precious thing in the world. use of self-sacrifice and heroism with those who understand it fully but you have to live a. real life stories from world war two. to nineteen forty five dot com. the headlines here on r t g twenty leaders put their money on the table agreeing not to use currencies as a weapon to protect themselves while throwing up trouble for other countries the sole summit on friday the world's richest economies pledged to work together to avoid conti conflict trade imbalances. betrayed by the boss

a russian newspaper says it's on mosques the man who it claims sold out the agents expelled from the u.s. this summer president medvedev says the revelations are no surprise and that he was aware of the source of. israel's accusing palestinian charities of fueling the conflict in the region and supporting terrorism claims the activists say a groundless several charities have been forced underground. revoked it's. time now for the sports with you know. if your company bases ports today i'm going to mail the us are heading. to the door less than a month after russia signs a deal goes to its first ever the no one race the country set to have its own

growth on. attack aggression basketball coach bruce hears new mix loyal scenes overseeing his club side could be the law school teaching you. begin japan but also in russia after moscow was awarded the world cup for twenty eleven the first time the finals will be held its home country. russian motor sport fans can afford themselves another smile today the country will now have its own team after signing terms with existing squad virgin racing now the squad will be known as motor c.e.o. or virgin racing after russia's an old girl super car manufacturer of bought a stake in richard branson's company the new partnership will be headed by russian top gear presenter on racing driver himself. it comes just weeks after russia got

the nod to post its first f one race in sochi and twenty four teams the scene near the city will welcome the world for the winter olympic games for no one currently has just a single russian driver tell you patrol for speculation is not a right but the v. borg rocket will switch teams tomorrow to see it. ok that brings us to more pressing matters in formula one where the twenty ten season will not know its champion until the very last day for man in all ken rahn victorious in abu dhabi on sunday ferrari's fernando alonso is the bookies favorites with the leader closely followed by the red bull jew of mark webber and sebastian vettel to thaw and then it went on lewis hamilton is in with a shot as well though he seems to have already switched his attention to the off season. but winter. the things that they do but. last year i went to the mountains a little bit sensitive to the absolute rubbish and so when i did my training out there for the whole two months and it was the best friend enough that it my whole

life so i plan to do the same thing it's high altitude training so of course country skiing. hiking up the mountain and i hope this year might be up to snuff what down but he's got a big risk before that of course let's move to basketball where him he hopes of making a second straight euro league top sixteen appearance suffered a knock on thursday the russian i fed racking up last two for this season against mccabe tell it they've thought here spend corrupt stop the action. it for me to face and the big bang david came back to russia time as a coach of the tel aviv side and then merican stress how special it came as a big. boy . to rush. off to the side in these games as we showed no mercy to him

garryowen the visitors gave in a new space and showed decent percentage was struggling and finished that first down by eleven points. but in the third quarter the home side managed to hold the course of the game the game creative in the tag and sounded to me three pointers seizures. site forward and they tied the game in the final quarter and the slab by cushier them one point eight seconds to go because he failed to score in the next attack and the driving seat but. the. bombs in makati banished the us i. had possession of the game in one second of time but committed the same mistake again even in the first ration for him kick.

a lead we need to take a game and we just gave it away. we had a game. and it's on the especially. on. the combat. next on the. meanwhile said it was a well deserved week three for his side first of all let's be arms for two quarters we were dominant we dominated the game the third quarter we had a bad quarter and they had a good quarter and for the first three minutes before i would say probably sixty seventy percent of the game we were the better to seventy eight to seventy six was the final score there for a hugely disappointing loss and they will just hope they'll be able to put it behind him soon but you missed it. ok let's stay on the hardwood

a little longer where the golden state warriors were unable to withstand the stampede in chicago on thursday night the bowls running rampant in a thirty point victory their second win in a three game home for chicago setting the pace early on against the weary warriors who've been having a hard time of late keeping up the temple after flying from new york for back to back rule games the whole dang chipping in twenty six points for the home squad. rules also working up a sweat this part of a twenty two point average for the windy city street but some visitors gasping for breath all game long with the bones never letting up the pressure and they supply them with uncomfortable when one hundred twenty to ninety how it ended up. elsewhere one of the preseason favorites the miami heat have yet to begin scorching top level competition last year's finalists boston getting the better of the star studded lineup of the bron james chris bosh and wayne wade for the second time this season miami's record stands at five wins four losses reeling champions los angeles

meanwhile lost their first game and nine going into the denver nuggets. ok let's move to football where the latest big name to join the north american major league soccer ranks his first public outing with his new team beckon mikuru europeans and telling us consultant to f.c. tronto the current canadian champions. soccer in one way is a very simple game you know it's not very complicated to understand putting the pieces together for a club and obviously for a successful club in the future time to reach the playoffs and i mean to win the m.l.s. cup and reaching their goals is a is a big possible so you have to put together a lot of pieces in the big in this possible in order to to make things work. ok let's move to spain where valencia gone up by securing the first kings cup of the new decade in some style last che may have been up against fourth division

opponents but a seven one i get win is substantial in anyone's book. though lowly did briefly spoil the party moment to go see the subtle giving the visitors to be just a minute same one way traffic would soon ensued however the seven time champion snuck in home for three goals from two i think the first spell this is school second marking the midfielder as a definite one to watch number four from fake cooley a superb finish as well leaving plenty of times through. the wall beazer meanwhile rolling right along in the world of rugby a strictly a continually a living up to their status off second favorites for the twenty eleven world cup they face any hints on saturday seeking to maintain their perfect record with four games to go on a year ending european tour the home of english rugby that is of course twickenham seemingly a trying growing for the host recently including four of their own for the much as

they should be venue he also went on to be extremely and said in sydney last june. on the other hand how to repeat the likes of new zealand's wheels on danish champions leicester with ease in their current continental run despite the aussies welcoming back hooper stephen moore for the contrary to troubled teens believes a tough eighty minutes lies ahead. of their lead to be a great performance. because english will bring a big performance. last question good rugby didn't give life like they had come looking for a man of my crushed by those who don't. want that. for a tad. finally moscow usman handed the prestige of hosting the first ever. could a world cup side of japan the coup celebrated with a demonstration of the relatively new martial arts kudo is a mismatch of various techniques with the main elements comprising of boxing. it

first appeared a separate style in one thousand nine hundred one quickly gaining worldwide popularity russia's especially adopted the sport as its own and in fact dominated the last world championships winning all seven cool medals on offer of next year's world cup will be key to his first major event outside its native land of japan tournament the restless water and to clean up but once again. one of the reasons we managed to win the right to stage this tournament is i would try him for the world championships the great sounds he pick on chance tomorrow is very impressive mio progress he used old advantages of three areas martial arts and created and the russian fighter was too cold base from kuta and developed to a little into a more expansive martial art. is one of the things to do is very popular in russia because it is more realistic aggressive and spectacular on one hand almost all the punches and kicks are allowed and on the other hand it is safe because of the equipment and of course we want to be included in the program of the olympic games

. and that is our time up once again i'll see you soon to stick around or the weather's coming up in just a tick. wealthy british style holds. on to the guys. markets why not scandals. find out what's really happening to the global economy in these kinds of reports on our culture is that so much i'm afraid we're going to need to get a lot of people a very up look at what makes a person powerful and influential maybe it is a combination of numerous factors and forbes magazine sixty most powerful.

in some petersburg she's available in hotels a story an. ambassador in a small school to kowtow to triple a soto a tricycle toto golden. gate. and see how this is even if. the g twenty leaders put their money on the table agreeing not to use currencies as weapons to protect themselves while throwing up trouble for other countries also. an intelligence officer gone to the other side. uncovered after decades of secret work find out the latest spy ring saga in our program.

fueling the conflict in the region supporting terrorism and revokes that permits forcing them underground. recover slightly have to. preparations for any aid request. from that and other stories. worldwide news around the clock. the world's richest economies have agreed to try and prevent currency was so as not to stifle the much needed a global economic recovery but experts say it's more of a ceasefire than a solution as tensions simmer between the u.s. major exporters such as china and germany and he said no way.