sides of the modernization and present inventive has criticized the investment climate in russia do you see improvement mosher with the obvious he that he i see huge progress myself i've been working with russia for many years and i believe we are wrong when seeking to teach lessons to russia today russia is twenty and the progress to date has been huge and president the data than vladimir putin have done huge work we see it the changes are profound to put it simply on our side we are not always very aware of that firstly you need to be russian which is not common and secondly you need to come more often to russia so we also need to open our minds there is still much to do however your leaders the president and your prime minister saying at the st petersburg forum the road map was clarified or that the investment climate is much better today look at the business flow between us the big french troops are present for example vinci who are doing the motorway link between moscow and st petersburg for today we are developing cooperation on power

generation on the side of the st petersburg summit we signed with e.d.f. to equip and i would say to provide electricity to the city of tomsk we build parts or a.t.'s for airbus in the records can siberia so there are multiple areas of cooperation the cooperation between france and russia does work. but i still want to ask you if someone like you doesn't come to russia every fifteen days just the business community in general outside of russia do they still have the old stereotypes of russia. if you speak with the presidents of big french groups present in russia they are very happy to be here and they want to develop their business those who are not here yet often house a priority and we have i have to say that in western europe they are not only in france will be a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress achieved is not reflected in media. why why is. media portrayed as very biased in the west russian

media. their image of russia is based on the past fifteen or twenty years ago they do not come to russia often and often doesn't russia communicate actually quite little to us and what internal changes are taking place we have to deal with outdated ideas and perceptions which are wrong and this i believe is an important subject this is a blocking point we often speak about. think about the new were small and medium sized companies in russia and in france many are already cooperation we could do much more in this area. how will the french business that you bring to russia help diversify the economy. today you are in the middle of a modernization drive in russia in transport water or electricity distribution in aeronautics in health at the. high tech and by the way you have school which is a big success with many companies. and often but also american german and many others are present so we can help technology transfers in many areas. but also

this you will be calling to north caucasus to actually validate its potential investment in north caucasus. alpine tourism tourism expertize figure in your approach we. see yes i believe that russia took a very good decision which is they want to try to stabilize and ensure better security in this area through economic development and both presidents. and presidents are closing the door on the size of the joint declaration on the c.c.'s with. russia chose pants as a main supplier not exclusive but may have to try to establish resorts and develop the area coast like with this is a huge project led by mr beloved president of north caucasus resorts. a visit with me and i believe that the best interest development of the been the right to really give people hope that as well you increase security which also comes to economic

development we are going to take part in the. security this is the first time you will become north caucasus. for me this will be my first time in the north caucasus and i am very excited to have the chance to discover which is wonderful i've seen photos the french team accompanying me already know that area is a wonderful place and i think you can develop a tourist over the center of europe which will be very attractive to the whole world but how long do you think it actually could turn into tourism paradise because right now it's not the safest place to. b. or for two reasons tourists to go i mean of course at expel your you know the french have experience we developed in croatia remember turkey at the very beginning when we were developing tourism in turkey the area was. under conviction of your government on your president to say that we are going to develop this area to create jobs for the young of course to ensure security the government provides guarantees for up to seventy percent of investment but it's taking

a chance to me to build the right decision to develop this area so that is what needs to be done what i want to be investment are we talking about. this is a huge project over many years more than fifteen billion dollars will be invested companies and others will have the opportunity to take part in investors even of course the russian government advice a lot in infrastructure which our companies can complement but i'm thinking about paul mccarthy who built this and other french companies will be presidents are going to invest but it will also be necessary to attract capital from all over the world this is a very big project i want to talk a little bit about. what are the concerns for the year in france because it's so closely tied to spain and italy they're actually sliding now into the bailout territory. i believe whatever they say today the euro is not thrilled with it it is facing difficulties but as we speak here about cooperation and about

a future economic zone with free movement of people and capital here between russia and western europe that this will be a breathing space for the european union and for the euro an additional economic area and so a strengthening of the euro go home for you all you really think here a russian economic zone could save the euro. yes i believe that today europe which is a political economic entity these are much bigger economic space to be globally competitive think about the fact that the american continent is brought together at the level that the asian countries are brought together at the a.c.m. level we do not. we have a big area on the european continent but however so many things link us in history in culture and today our economic complementarity is strong on one hand there are all materials a huge area on the other hand a trade capacity advances in some sectors but not all you have here like technologies demand for more money we have a common interest and common interest to be defended in the world and i believe that today this can only strengthen the eurozone notwithstanding the rise of china

who for you is a great partner but also a great competitor concerning the mediterranean the instability is going to continue for some time the exception to democracy for these countries will be much longer than we want to admit and our partners across the atlantic are also competitors so the idea of expansion is both an opportunity and an obligation for russia and for western europe for our countries. to be talking about commonalities russia and france have always competed for defense and military contracts and now we're purchasing french helicopter carriers what do you think of that did you know this is a big first in st petersburg in the presence of president deby to resign for the miss throne this is the first time such a technology transfer and sold such important military equipment and in the same way by the way will be in two directions i saw you as prime minister vladimir putin came to harris to meet to live real test models of the better your two hundred.

plane which is now under trial in the west and we're looking at buying more so our cooperation in sensitive areas to be drawn as an example shows that the political climate is healthy there are no more clouds today between france and russia the contacts between the two presidents are excellent also with the prime minister i believe that we have to seize the opportunity presented like this political climate because it is very good and this is an opportunity to consolidate the gains we have made so quickly. see you're someone who knows moscow very well. because you come here very often we like to think that moscow is like the new york of eastern here to think moscow has can never have a status of international financial center when. i am convinced of moscow's financial hold on the question that we received mr ball little shit who is responsible for the moscow financial help line powers he met french not the end of regulatory authorities on the. banks to be sure that what he saw fail to follow the

example. doesn't have to be in light of global norms and standards our idea is not moscow that located halfway between homecoming and york that's a central role to play when we have european cultural materials moscow could be the global financial hopefully more material try tomorrow you are global leaders in oil and gas look at the group but it will be on your global leaders in the energy sector has a role to play. for our financial hubs we can find synergies in the derivatives area and in many things and so we were convinced that the ruble will stay strong in moscow must become a major international financial hub you have a lot of things yet to do at the legal level legal security regulation which you are doing is an element and the only thing to do is to help you give you the need to sort of think you're a match for this interview thank you. the

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even need there is a baker in brussels on how to fund continuing bailouts. spain future and. the media mogul and that's cool time to come on the huge public scrutiny. be able to survive the fall out of the. remaining. war crimes suspect on is now awaiting extradition to the hague. to the membership. joins us now with the final. american have been revealed as this year's tournament is full of surprises kerry as

an unlikely pair have made it to the deciding stage of latin american. more on that in just a moment. very warm welcome from the sports. headlines. for the course. of the weekend. for the w.b. a boxing clash between russia and heavyweight. few who are. preparing for the next world

series. that will get some of those stories in the moments that will start in china where russia. has to find yet more room. in her hand luggage after claiming goal number three at the world aquatic championships the russian has been a force of nature in shanghai repping up her third synchronized swimming title on wednesday in the free solo routine earlier in the week he could secure some spots in the solo technical and technical events at the oriental sports center this result the smolensk native's thirteenth world championship gold era record spain. and china is. taking the other podium spots. now the other medal for russia bronze the silence of the coffin the kilometer open water swim speedo yes he's won gold for greece while it's almost lurch of germany won the silver medal. so football now where a year ago i have booked their place in the final of the cup america following a zero win over peru in the opening last four clash of this year's tournaments the

year of winds dominating the first half but just couldn't break the deadlock it wasn't until early in the second period when they seize the initiative lewis water is the man breaking the deadlock and if the third minute five minutes after that the same player claims his grace through faith. liverpool man doing what he does best one on one finishing and soon it was how it ended. it will now play paraguayan in the final of the comp america in the other semi the pair of venezuela made it says this stage for the very first time in history. now the ninety minutes and the goal is to extra time also. showed more consistency in a penalty shoot out scoring five attempts. boxing

. heavyweight contenders have put pen to paper as they seek to claim the recently vacated belts. and russian alexander prevent to go head to head on august twenty seventh in germany it will be two thousand and four olympics gold medalist first title fights the thirty one year old is undefeated in twenty one professional ballots the curse needs to be right at home at the airport venue having sixteen times in germany already had that. place back in two thousand and seven beating another russian nikolai lots of the studies a year old later failed to defend the crown of injury and was forced to relinquish . ownership of a fortnight ago as a basis for years before he did it again. it was a case of revenge for a ball son hagan and stage seventeen all that soared to france the sky team

cyclists taking that went on wednesday after being over taking the line a day earlier than the region securing his second win of the season's event leading home a breakaway group in the one hundred seventy ninth longer long nouns and stage in maryland missed out yesterday after a world champion. finished by a wheel with a full forty seconds his winning margin this time around dutchman bok malema and sad pieces are a france second and third on the day another frenchman it's almost a very clear and the eighth day in yellow but that seeded twenty seven seconds that has made libelous. bernie ecclestone is being investigated by german prosecutors after the sale of formula one in two thousand and six the sports president is alleged to have bribed a banker for forty four million dollars to buy his stake the germans say that acol stoner received forty one million dollars worth of bank commissions in return but the main man in formula one says he expects to be cleared off any one of the court

repairs to try a banker here hard. ecclestone currently retains a huge shareholding in motor sports it's all. over to one of the newest the most exciting sports on the planet cliff diving it's just eleven years old but russia has already got its man at the summit on the eve of the next stage of the world series of an artsy takes a closer look at one of the season's favorites the two thousand and six world champion out of john. roberts or the neon as the story. this amazing spectacle is called cleve dubbing and there are only a few dozen people in this world of gov the skills to do it at a professional level and one of the chosen ones is russian i don't see who was just twenty two when he won the two thousand and six world championships since then he's rested easy mung the clique dubbing elite finishing overall third last year in the

sport's most prestigious competition the red bull world series. the twenty seven year old entered this isn't as one of the favorites with the reigning champion gary hounds and the sport's most decorated affleck the presently injured around duke in his sights to the board like every true sportsman i always want to win although you should forget about that before the dive because your main goal is not to get injured but it's a competition and i always try to give it my all that was what clique divers do he simply mazie but they are just humans diving from a height twenty seven meters despite their outstanding ability and experience is always a life threatening situation and fear is certainly not an alien concept of them although the wasted flight it did. with ten to fifteen minutes to go the dive is the only thing in my mind but when i'm standing there on the edge of the platform

my head is empty i'm just out of this world no fear no thinking just me and the height i believe my trainers are the best in the world tatiana and cannot be stirred due to their trained two time olympic diver champion dimitri said they taught me great technique helping me to try a number of new high dives in the sport announced and done it's one of the solution to this trademark it's one of the most breathtaking yet difficult things to do the sports kill meeting with the school. you know inventions that blind entry into the water was simply diving events which might. consume gratian is a must before executing it. although sujan disclaims audience don't disturb it all. the more spectators the better it gives me additional motivation and drive it's great when you can hear the crowd cheer you on with three stages left to bring

just needed he's currently feet in. the next series twenty eleven. in the twenty fourth of july last year the tail in some soul searching to produce one of his best performances ever inflamed the stage when you would bet against me and. again. the party. the russian championships have wrapped up with only a select few able to say they. are like a fish in water bringing together from all walks of sporting life. reports. fun in the sun was just around the corner for capital dwellers but other aquaduct enthusiastic to travel from far away stock to take. plenty of disciplines contested but the spectators made their viewers choice by flocking to the apple by crease taliban. pound for pound best in the disciplined yvonne patani and was noticeably

absent mean the battle for top spot was. and an unlikely contestant from a completely different sport emerged at the end of the hard fought. twelve time windsurfing champion shot showing his prowess and like any true winner your show off saw plenty of room for improvement in what is a relatively new discipline for. trying to perform complex tricks. however our hero of the day strongly believes the overall level of the sport is on par with the global standard. competitive. championship. is currently the best in russia plenty of multisport athletes had a chance to showcase their versatility. as another one of those well rounded participants who may have had one of his last active bike outings he previously

raced in the runabout f three power boat class but initially made his mark in events where the water is of a much lower temperature. just become russian champion of the time previously when the snowmobile crossed writes and now it's time for me to start racing. so a quite a good sport their skills on display. in feats are clearly far from their complete resume in the sporting world vonzell gorski arche. i'll be back with all rob's eights in a couple of hours however our youtube channel sports news is available to you at any time the news headlines are coming up shortly thanks. mission. couldn't take three instruction just free to make

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sit down to go and. read this and the colonel was virtually a retreat. the leader has become in brussels on the how to funds continuing bailout says the debts epidemic now gripping italy and spain the strains in the euro and it's not. as a media mogul and political thyssen come under huge public scrutiny examining whether they'll be able to survive the fallout of the phone hacking scandal under store public trust. last remaining un indicted war crimes suspect or the hundreds is now awaiting his extradition to the hague been captured in serbia. hopes the move will bring the country closer to a new membership. and multibillion dollar lawsuit over

a bail deal but it's not hard says minority shareholders of. damages for the port directors will have more on that and business in twenty minutes. there they are watching r t we're broadcasting live from moscow welcome to the program even though it is have gathered in brussels for an emergency summit on how to come up with the cash promised for a second bailout to greece the heads of state are said to be considering a new bank tax to pay will that ins and stave off default italy and spain asho in the first symptoms of the credit epidemic there fresh tensions between the attendings squabbles have already broken out germany pessimistic about the summit grounds and quite solidarity resulting. in fighting this.

by a thread. the single currency will be good within two years warner lists would be european bourses there's a really very serious threat in. the euro disintegrate. the girls are blocked it's already too late to save the greek economy according to a majority of leading economists and experts pulled. greece is really going down the drain completely the depth is escalating the deficit is start talking out of control but i could give you the analogy but they were like somebody with a gambling problem or a drink problem would be great but not so it's a cultural thing so no we find ourselves with someone with a drinking problem but with a huge debt as well and the problem will only ever get worse until you actually confront reality.