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tv   [untitled]    November 12, 2010 4:00pm-4:30pm EST

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result on the world's most pressing issue the leaders did propose to continue to work together but very little headway on those so-called currency wars that great divide between east and west in this battle over the box. the world at war the weapon currency. the fallout trade imbalance the world's paying i mean the world is paying the price for the asset bubbles that are being blown throughout the emerging markets and this high stakes battle for global exchanges it's china versus the u.s. on the western front the fed pumping six hundred billion bucks into the american economy the valuing the dollar while slamming china for not readily revaluing its you want on the eastern front the chinese position is well you're differentiating the dollar wise you can we really value the removal be the chinese currency which the u.s. keeps on insisting on so it's really a standoff one that smacks of double standards it's absolutely true that the united
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states of late has made don't mess to clean self-serving policy that was shortsighted and that did not consider the rest of the world and this set up the sole summit but despite global outrage with u.s. fiscal policy they got more of a high level silent treatment than any kind of fight right now it's the world against the united states and in terms of an agreement to deal with the currency war nun's going to happen there is no interest coming from china or germany the two other key players to solve this problem not interested or protecting interest. and that was before the session even started obama might have guessed there would be no compromising china wasn't budging and germany an export giant defends its right not to surrender its strength by spending more abroad to appease u.s. calls to help economic recovery much of europe seems to be sitting back and watching how this. it will all play out i think they are trying to be defensive and
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that's a weak position right now russia sees itself as a mediator and hopes multi-currency reserves over place currency wars should. i believe that the threat of a currency war breaking out will significantly decrease following today's summit we have reasons to be more optimistic about the future the group of twenty did agree to develop early warning indicators to prevent economic turmoil and gradually move on currency the question now is not enough to prevent this cast class from getting out of control. now reporting there well we've been getting reaction to the outcome of the g twenty for you let's hear first of all from political analyst dr victoria put over i spoke earlier on she's from the moscow state university of international relations she told me the result of this summit was too predictable they couldn't of it now say anything different than that because there's already is quite a huge. exile eighty in the world regarding what's happening in europe and they
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know the only and no regard to build. real real currency war so if they didn't come up to the any agreement on the g twenty seven it didn't say that it would have made it really a real blow for the investors and for their markets so they had to smooth with this but i'm not sure if all the substantial disagreements i actually rolled ruled out any of the good follow it's. the us want to use the g twenty to push china further but i will explain its actions instead that's what leading global currency analyst . told. the u.s. was really looking for the g. twenty to be a forum to continue to pressure china and to have you know more unified front against china and asian currencies current account surplus countries. from from the
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rest of the world and what it actually ended up turning into was that the u.s. had to go in there and do the tables were turned that the u.s. actually had to explain its own behavior to a whole host of countries and the chinese i think were pretty adept at turning this around and there were a lot of other countries who didn't mind actually turning the tables a little bit on the us and saying ok well why don't you guys explain what you're doing with with the fed before your country before you start kind of throwing stones at us and russia's finance minister agrees that china should become more flexible in its monetary policy but says the changes should be rushed and we've got the legs he could interview for you in full in about twenty minutes times also online and on the dot com but here's a quick taste of what he had to say. good kid well speaking of china it really is pursuing a somewhat different economic policy now is not all is for its lack of flexibility we say that we're in common korda noted efforts to exchange rates must be more flexible this is what we must aspire to i can say though that we must move towards
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this as fast as possible if china devaluates as currency now the world may not benefit from it that much of the world isn't going to in as much as chinese go into those of china is also a driver of growth these days so i think a flexible rate policy should be implemented gradually. next in our russian newspapers revealed the ten russian agents expelled by the us this summer were betrayed by their own boss president medvedev says the revelations are no surprise and that he was aware of the events all along as r.t. to corpus going off explains now the journalist behind the story said the media hype also drew attention away from the real top spy summer spy story between the u.s. and russia just a few months after dropping out of headlines around the world the biggest spies between moscow and washington since the cold war iraq is back in the drama of this whole situation is that the agents were turned in by their boss. he's been named as
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colonel suitable for allegedly headed the american department of russia's foreign intelligence service neither his first name or photograph have been found to journalists from the mosque or beast community people who have held their own investigation clean he is behind blowing his colleagues cover in the united states . everyone we spoke to agreed that this was the biggest failure in the history of a foreign intelligence service some of the agents worked undercover for decades in all were given away just like all cell. very findings have been confirmed by the president on friday dmitry medvedev said he knew who the traitor was from the thursday of the scandal it was june when american authorities announced the captured ten people suspected of being russian secret agents all were found guilty by a u.s. court and deported in exchange for four men serving time in russia themselves convicted of being foreign spies it was never going to stay out of the news for
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long the story instantly made headlines and especially since the russian president's first official trip to the u.s. had just come to an end it's not credible to back off russia to the united states just a few days before the meeting that if the visit and according to some reports are few months before that he was offered a promotion at work which could have seen him subjected to a lie detector test that some believe is why he rejected the job offer instead he turned the other way may turning in his associates the media quickly found its favorite and on the group of deported agents young rich and beautiful on a chapman was deemed the russian james bond girl but did see flashes draw focus away from the real super agent in the group me coalition court was still in the shadows just as he had been for the past four decades. that is true this is an amazing story it doesn't only have a trainer but a true hero as well who to absolute opposites i'm talking about with some coffee
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and he's fantastic story. he left the soviet union in the one nine hundred sixty s. first to spin then to south america working as a photographer he eventually married and moved to the us changing his name to one it said he continues we denied being a russian agent and two presented secret documents that he then revealed his true identity but intelligence experts seeing naming and shaming russian operatives was probably not the prime target. was probably us agent for a long time him self and i'm sure this whole story was instigated by the american secret service the two presidents are working to restart relations and some people are obviously against the timing of the scandal was picked perfectly it puts another name in the frame for the russian intelligence service that still trying to establish how a massive decades long secret operation could fall port so easily seemingly at the
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hands of one man igor is going off the moscow just a few minutes tonight the girls who a snatch from the street and forced into marriage stealing a bride is a nation custom in russia chechen republic will tell you what the authorities are doing now to try to stamp out right now. first. human rights activists working with palestinians say they're under pressure from israel which claims their stoking the conflict there the interior ministry stopped issuing permits to many forcing them to work illegally his policy has been meeting activists who say the accusations are groundless and that israel regards any palestinian supporter as an enemy. they're the visitors israel doesn't want activists from around the world who come here to photograph and protest palestinian suffering will most of the n.g.o.s only bring more fuel to the conflict make it much more harder to solve the conflict
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bring more hate to the conflict and they have huge he kidnapped the human right which is why from the beginning of the year the israeli ministry of interior started with drawing work permits from international n.g.o.s oxfam save the children and medicine some pontiff have all been affected everybody who voices approach to the end view anybody who supports justice propels the ends and palestinian refugee is is an enemy of israel and says pro quo a terrorist i simply don't buy don't think there's evidence that someone in tears say they have no choice but to do their work illegally emily's origins are palestinian but she can't live here because she can't get a visa for while she managed to evade the israeli authorities by leaving and returning every three months and lying to them that she lived in jerusalem but they
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eventually cautioned on and have given her one month to get out the more visas you have in your passport the harder it gets. getting from initially it was more being overwhelmed and really understanding you know which border steers how to speak you know how to talk to the soldiers what to say what not to say n.g.o.s monitor is an israeli organization that tracks non-governmental organizations working in the area its staff won't speak on camera but they haven't shied away from writing on the net this website appears are several charities working in the west bank and gaza of having links with terrorist organizations here it says that the palestinian children's welfare fund owns a hate who. web site dedicated to the glorification of jihad and the denunciation of israel there has been no evidence whatsoever and no cases that anyone's heard of a people in n.g.o.s committing any kind of violence the palestinian for instance on stones in the grenades i'm on i.d.f.
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soldiers and who is helping them you see a blonde girl from switzerland though i don't know where eighty more mixed been in gaza for six months and plans to state six small he's a volunteer with the international solidarity movement which israel claims has terrorist links they therefore won't let him cross into the west bank he's a human rights groups that are credible throughout the world and yet they are being stopped from entering many times in the un report richard falk was stopped from entering so this stretches up to the united nations for many n.g.o.s the challenge remains how to draw attention to the work they do without getting kicked out of the country many israelis continue to question the work they doing in the first place. r.t. israel. men who kidnapped girls off the street and force them into marriage now face jail in russia's republic of chechnya it's been seen as a tradition among some muslim communities of the north caucasus but religious leaders and officials say it's deeply wrong and must be stopped. over reports next
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on the practice that tearing families apart. it is the moment of families torn apart bride kidnapping which here remains a ritual rather than an outrage the man simply chooses the woman he wants and forcibly takes her but the kidnapping of one young girl called him on one terribly wrong magazine i knew she went shopping good back. loans we had it good outside and saw her being kidnapped yes she was shouting we saw it all. the good lebron his accomplice grabbed him on jumped into a car and sped away but a short way down the road they crashed into a big truck with. a young girl. when they were driving here they crashed in the old. school so there was an awful tragedy the car was just a piece of metal you couldn't tell what car it was. some say could lend brights runs and occasional blood religious leaders and churches strongly disapprove and no
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laws have been brought in to curb the practice. of their will to go to the corner chechens never had such as this is. every friday i say during the. scene. and those who committed will be punished during this life and on the judgement day. the girls who've been kidnapped rarely bring this matter to a courtroom as such case may be considered it is crazed by it all but they never forget about it result no one saw the experience forty years ago she left the shop and was heading home when it happened the news that we're taking me away and i didn't even know who was kidnapping me it was several men in the car and i knew no one only on the second or third day did i find out who i was telling people. reason remembers the day she spanned not knowing what was coming next lost and
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frightened she had no choice but to stay with her kidnapper chris youngest daughter was almost her age two months later resign or ran away but her life was changed forever it was. this really is the big tragedy because your life doesn't belong to you any longer you can't amend it if you were kidnapped at all even if you spent two or three days there and return home you're not considered a virgin you belong to someone else. but now trichoniscus and tough on the practice with the new laws. i think those laws for the global issue i think many families where girls are brought up to feel themselves most secure probably in love writing letters will face a prison sentence and have to be over certain southern dollars in fines to the girl's family even religious leaders for sinegal to marry her kidnapper all the funniest isn't all there appears to be a strong support goes into this now you have to see whether the old tradition has been ended only on paper or in reality to hide so artsy from crossly cover
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top news stories for your brief haiti's cholera outbreak no killed at least seven hundred twenty four the disease is spreading fast too in the haitian capital and heading towards southern regions the country's health minister says around eleven thousand people have been hospitalized since the u.n. expects the infection rate to rise. but a u.n. panel of experts is that north korea sold nuclear technology and other weapons to states including iran and syria. the report says one hundred million dollars worth of arms and other equipment have been shipped the sales go against you and impose sanctions on north korea to try. to get off that testing well it's. this is our two from moscow now as promised that interview with russia's finance minister alexey could read he says countries should be wary of the dangerous ripple effect of weakening their currencies to save themselves coming right up.
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i mean it's now a tall order to point to where the woman is money better to talk about russia's role in the global recovery and with financing her thank you for that. thank you for finding time to speak with us what real economic results does russia want to see after the summit. but if you're new to the fuel first of
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all the world has entered a new stage of fighting the crisis well most countries already showing economic growth it is still very unstable. you must be very careful about discontinuing economy support measures demand still needs to be supported so there's this continuation of on to crisis measures will be a prolonged process of the less we're looking for ways to create private demand but we expect private demand to break through with 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. will probably tell you that . the us just poured six hundred billion dollars into their economy do you think america is exporting its crisis abroad. you don't wish to
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we shouldn't put it this harshly now i think. at the first station the federal reserve took the brunt of the crisis as. saved 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 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 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
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talk about china they control their currency brazing production and exports germany is also a leader of exports do you think one could call this economic egoism. 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 going to 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 on the part of some states for. the u.s.
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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 seek 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 as one of its roles as well with the story of them still. but there's still a lot of talk of the currency war intensifying in that case will russia get
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involved and will it have a choice. 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 out officially keeping their currencies low this may lead to other protective measures being used so just 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
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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 and planted at this summit second are responsible economic policy which shouldn't lead to currency wars like this one must provide limitations on budget deficit and foreign debt like the master 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 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.
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but two years ago leaders also propose to fight protectionism and in fact it got worse. there that people would well we agreed in toronto probably would 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 come oh i told them that 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. to suggest we must always called
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in and told 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 the 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 all share in our contribution in iraq to citizens will grow to just under fifteen percent which is close to the book in stake which is usually fifteen percent or so russia's role in i.m.f. decision making has definitely grown bigger. in their 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
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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 with how to make those exchange rates more flexible meaning that they're not big to any natural resources like gold you could pick him to move forward and it is sort of comparable. how much of a chance is there that we could see countries the world's economic powers switched to a multi currency reserve. by me to go a bit is a i think in future as the economy globalized is the need to create a certain basket of world currencies he's going to rise it's going to be many years before we get there though look at what we're doing with the bit. thank you very
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much for your time. in. the. sixty's trying. to target. me from some from the army. became the symbol on the form of. victory over nazi germany. the. years of. some former prisoners. still a lot. as well as. those so many years of. summer hoping to find the same.
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longing for justice. those so many years of past. memory is still a month. as well. as. the headlines from. time. to protect themselves while throwing out. what economists like to translate into. betrayed by the boss the russian newspaper says it's the man who claims sold out to
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ten a chance of spelled from the us the president medvedev says the revelations are no surprise that he was aware of the song. and israel's accusing pro palestinian charities of fueling the conflict in the region and supporting terrorism claims which the activists say groundless several charities have been forced under the radar after israeli authorities revoked. thanks. programs continue coming up next our special report looks at the red army operation which freed viewer up bringing with it the fall of the nazis.

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