plan and french companies can offer quality technology and so for us going to be interest are many not only wrong materials which remain essential including a nuclear sector in which we can cooperate more deeply. well if talking about. the good sides of the modernization and present inventive has criticised the investment climate in russia do you see improvement well here with the poor guy calls he obvious where 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 medvedev invited me to 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 sayers at the st petersburg forum the

road map was clarified 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 today we are developing cooperation on power generation on the sides 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 for a.d.'s for airbus in your quotes 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 because all he 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 her. a priore and we

have i have to say that in western europe not only in france 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. i think their image of russia is based on the past from fifteen or twenty years ago they do not come to russia often and often doesn't russia communicate actually quite little to us on 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 big groups or think about the new or a small and medium sized companies in russia and in france many are already cooperate i would 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 be it in transport water or electricity distribution in aeronautics in health at the laboratories level in high tech and by the way you have school which is a big success many companies e.d.s. all stillman's wants an awful but also american german and many others are present so we can help russia on technology transfers in many areas but also this year we'll be calling to north caucasus to actually evaluate its potential investment in north caucasus. alpine tourism expertize figure in your approach we. are he yes and i believe that russia took a very good decision which is the want to try to stabilize and ensure better security in this area through economic development and both presidents president made the idea of president sarkozy in deauville on the sides of the g eight made a joint declaration on this yet with. russia chose parents as a main supplier not exclusive but main to join us. ski resorts and develop the area

coastline this is a huge project led by mr billow president of north caucasus resorts we're taking a visit with me and i believe that the best on tours development will prove to have been the right to create jobs give people hope that as well you increase security which also comes through economic development we are going to take part in this event your security is the first time you will because north caucasus. yes for me this will be my first time in the north caucuses and i am very excited to have the chance to discover which is wonderful i've seen photos the french team accompanying me already knows that area is a wonderful place and i think you can develop a tourist in the center of europe which will be very attractive to the whole world but how long do you think it actually could turn. tourism because right now it's not the safest place to be or tourists to go. 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 not safe. and the conviction of your government and 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 still taking a chance it's the right decision to develop this area so that is what needs to be done what i want to be vestment are we talking about. the dog this is a huge project over many years more than fifteen billion dollars will be invested french companies and others will have the opportunity to take part investors and of course the russian government invest a lot in infrastructure which our companies can complement with i'm thinking about paul mccarthy who built steel if other french companies will be present we're going to invest it but it will also be necessary to attract capital from all over the world this is a very big project when i talk a little bit about what are the concerns for the here in france because it's so

closely tied to spain and italy they're actually sliding now into the territory. i believe put ever they say today the euro is not threatened it is facing difficulties but as we speak here about cooperation and about a future economic zone with free movement of people and capital between russia and western europe 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 will he really think here a russian economic zone could save the euro we look. yes i believe that today europe which is a political economic entity needs a much bigger economic space to be globally competitive think about the fact that the american continent is brought together at the nuff to a level that the asian countries are brought together at the a.c.m. level we do not 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. vance's in some sectors but not all you have here high 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. 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 it. this is a big first in st petersburg in the presence of president made dative we signed for

them. this is the first time france undertook such a technology transfer and sold such important military equipment and in the same way by the way cooperation will be in two directions i saw you as prime minister vladimir putin came to paris we took delivery of test models of the better your two hundred the firefighting plane which is now under trial in the west of france and we're looking at buying more so our cooperation in sensitive areas to be strong as an example shows that the political climate is healthy there are no more clouds today between france and russia and contacts between the two presidents are excellent also with the prime minister i believe that we have to seize the opportunity presented by this political climate because it is very good and this is an opportunity to consolidate the gains we have made so quickly because you'll 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 you think moscow has never had

a status of international financial center. of all human i am convinced of mosque. as financial health plans that we receive most of all ocean who is responsible for the moscow financial helpline in paris he met french stock market regulatory authorities on the a.c.p. on regulating banks and insurance companies to follow the example of what is being done so as to be in line with global norms and standards our idea is that moscow located halfway between hong kong and york has a central role to play we have here a big country for all materials moscow could be the global financial hope for all material trade tomorrow you are global leaders in oil gas look at big groups like you sell what else nickel i mean you're a global leaders in the energy sector so let's go has a role to play and moreover for our financial hubs we can find synergies in the derivatives area in many things so we were convinced that the rouble will stay strong and moscow must become a major international financial hub and with you have

a lot of things yet to do at the legal level legal security regulation which you are doing it at the moment and the only thing to do is to help you not give you less of these by the need to sort of the aftermath thank you very much. yes thank you. wealthy british style holds a spot on the telephone. market why not come to find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into cars a report on our.

me is he he took me. to. see. some. sleep. too much brighter than if you knew about songs from phones to.

start on t.v. don't come. easy leaders there in brussels for a crunch summit aimed at hammering out measures to tackle the greek crisis but many say with the debt epidemic spreading and threatening biggest economies like you can in spain is the very future of the simple car and see the state. meanwhile the use trouble just tearing esp i ring states from wanting to join and serbia provides extradited for the crime peter said to the hague arresting gotten hot it was the conditions have now fulfilled hoping to close it becoming a member of the law. and investigations into the u.k.'s phone hacking scandal intensify with even more political figures coming under scrutiny and public betting on the case by bringing down next experts say it threatens the careers of major

executives including rupert murdoch himself but also the political future of prime minister david coming. out with a news bulletin in full in just around fifteen minutes time from now but let's get at updates sporting news from cage's gold the latest twist in the in the tiger woods saga for us. hello welcome to the latest sports update this says a night and here's a taste of what's coming up getting back to you steve says he's wasted. years after being sacked by former world number one tiger woods. while back home possible starting with a nice golf signs a deal with former five key to the n.b.a. lockout is over. and here we preview russia's cliff diving supremos.

repairs to take on the sport's best in the next world series stage in italy. the first to golfer steve williams says the last two years he spent alongside tiger woods have been a waste of time the world's most famous caddie was hitting back at the out of sorts former world number one after being sacked as his staunch sidekick woods claimed thirteen out of these fourteen majors with williams carrying the bag for him but the troubled american gold star still announced the sacking on his website saying it was time for change despite the super successful partnership spanning twelve years women's assisted australian adam scott at the recent u.s. and british opens and wants to carry on doing that all remembering good evokes mixed feelings for the new zealand whose lot they're working relationship while it lasted but regrets the way they're passing given the fact that the last eighteen months has been a particularly difficult time gave a target over three workers through a scare into a new coach. you know the last three months the been very difficult for him through

thick and been incredibly loyal. and remember in praise of the two years more or. now in basketball there's been a very welcome return for timothy myles gold as the huge russia center has come back to play for his former side king he while waiting for the n.b.a. lockout to end in america must cover signed a deal with the club he left just last year to move to the north american league he was traded to the denver nuggets after spending his basis is nothing. like the first look as he enters a history threatening the next season his towering figure would be looking toward the russian gas mask obvious to meet his and sixteen centimeters high and coming back to the moscow region club would be a fine present for the twenty fifth birthday but he marked last week. the possibility of him. i'm happy to be back at him because it's here where i began it's my home or rather a home from home with my parents please be the main one but i don't think my

experience from overseas will be much help because all the guys play for the club experience themselves so i don't think anyone will crave my advice since i myself still have a lot to learn so i'll just do everything i can on the court and that's the way i'm planning to share my knowledge. football now in the russian premier league regimes this weekend after a month long summer break though one postponement she's taking place this thursday evening as league leaders to sky will kick off a new boys folder in around forty minutes and muscovite side have an early chance to increase their lead to seven points ahead of nearest rivals and champions a nice to victory in there's not that a however to scout efforts might be hounded as their squad is to page by injuries to thomas and that's this month gonzalez they will be sure to call a company twelve out of sixteen and four points about the relegation zone. and may want to bring argentina paraguayan all straight to their first proper america final since one thousand nine hundred seventy nine after they beat venezuela five three on penalties in mendoza but as well i had the woodwork three times but it finished

mill mill after extra time after the first of these three efforts and shortly before the interval i was under whatever sorties come off the course. of the. silent on the cycle you're still with us. and the well was the way to get up to ninety minutes of noble time so extra time for that as well of pushing forward right from the start with john paul that while the other shot deflected off onto the ground the post oh and then two minutes later they hit the woodwork yet again this time for a free kick. my guess not even taking more of these cards while they went to lose a match up to santana was shown this second yellow card but despite being the player of venezuela it failed to find a winning goal and the match went to penalties that had to say i see you say not so this should be easy say by. that is that i made no mistake that's empowered by specifics but take the powers by through the final that one single day was playing

time and i faced in europe why in the final what is a race on sunday. i read. look we can be criticised because we haven't won but this isn't about whether the opponent played better or not it's about the results of that however we did it we are in the final also have to have some merit than in a penalty shootout which have a keeper who is in great form and we have players who take good penalties and we also had a lot of luck with the good and us where there's been a resigning successful off the bench has true hero wayne rooney and his munched united team mates as they pummeled the seattle sounders seven under ross american so it all started with a my following goal for the english champions they only managed to find an ass in the first off the bus to the very start of the high profile visit and they say there are just goals the second half substitute the retina story wasn't twenty one minutes before imagine two one go the first seven minutes was the way to stuff them a bit and do you think they would stand up to say that the open house was fixed was

. thank you so it was on the roof that one man even said was to say i know now that if you. everything to forty minutes going forward all around the case came home from the control center basketball lara one of those three second home go off when flying in from the penalty spot to the for now i was ready to she said to take over the fence the spanish giants cannot stop there something only american told the jays a ring has been humbled thank you texans l.a. galaxy for one last week. now over to one of my spectacular sports on the planet cliff diving in terms of the ongoing well serious competition the sport is just eleven years old but russia already has a man in every sense of the psalmist two thousand and six while champion. and robert went to meet him. this amazing spectacle is called cleve daubing and there are only

a few dozen people in this world of gov the skills to do it at a professional level in 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 cleeve 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 garry hound and the sport's most decorated after the presently injured are on the duke in his sights on 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. what cleave divers do is simply amazing but they are just humans diving from

a high don't pull with twenty seven metres despite their outstanding ability and experience is always a life threatening situation and fear is certainly not in their. and concept of them although the ways to fight it differ about. where 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 dive champion dimitri sauted they taught me great technique helping me to try a number of new high dives in the sport and none standup is one of them suits in this trademark it's one of the most breathtaking yet difficult things to do in the sport kilmeny doing with his original invention it blind entry into the water with some cleave diving events which by thousands of spectators concentration and focus

is a must before executing high dud all those suits and good claims the audience don't disturb him it's all there for 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 various native is currently thief in the overall standings the next up world series twenty eleven he's mulches zenith on the twenty fourth of july last year the telly and sun so suits him to produce one of his best performances ever and claim the stage when you would bet against him doing it again robert virginia on the party. final from one extreme water sports tour all the different one the russian are quite championships have taken place in moscow which brought together competitors from all walks of sporting life the ones of course can recall it's. fun in the sun was just around the corner for capital dwellers but

other aquaduct enthusiastic to travel from as far away as what divorce talk to take part plenty of disciplines contested but the spectators made their viewership. boys by flocking to the apple bike freestyle event. pound for pound best in the discipline yvonne put tynan was noticeably absent mean the battle for top spot was blown wide open and an unlikely contestant from a completely different sport emerged at the end of the hard fought outing 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. him but i would say i gave it about seventy percent of what i'm capable of i lost some rhythm while trying to perform complex tricks so i know i can do better. however our hero of the day strongly believes the overall level of the sport is on par with a global standard. competitive fully capable of winning the

world championships i would say it. is currently the best in russia plenty of multisport athletes had a chance to showcase their versatility alexandre is another one of those well rounded participants who may have had one of his last aqua 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. looking to quit us have just become russian champion of a time previously. in the snowmobile cross right and now it's time for me to start racing bikes. so i quite a good devil's put their skills on display all the amazing feats are clearly far from their complete resume in the sporting world gorski r t. and. i think.

in india old geezer made ability to move the joint be able to be on the violence the gateway to the grand imperial truly the george west coast coromandel you can oh

well so till. it's a don't need to go. run this in the kernel was her job as to retreat. struggling to save the euro e.u. leaders are in brussels the hammer out measures to tackle the greek crisis while many say with the debt epidemic spreading is the very future of the civil currency that the state. meanwhile the e.u. travels dating to tire aspiring straight from wanting to join a serbia prepared to extradite war crime fugitive had it to the hague in its latest attempt to become a member of the flock. and investigations into the u.k.'s phone hacking scandal intensify we do even more political figures coming under scrutiny and public pressing on here the case might bring down. as europe is coming to terms with

a new bailout for greece in oil prices on the rise of russian markets go a rocket boost by the end of the trading session with my skating one point six percent obvious one point eight percent more about twenty minutes on business of. welcome g. this is the line from moscow e.u. leaders have gathered in brussels for an emergency summit on how to come up with the promise cash for a second greek bailout but the epidemic is spreading with italy and spain now showing the first symptoms of serious debt a sense of impending doom that fills the air. the single currency will be good within two years warn analysts within the european crisis there's a really very serious threat in. europe disintegrate politicians in the richest states at their voters refuse to foot the bill well i

don't think i've ever met any body in the united kingdom in london mark in stitches he actually wants to contribute to the continued existence of the hero because i think it's a stupid idea to start with and it's just chucking money down the drain yet pulling the plug on those states could trigger a chain reaction. greece believe investors could no longer avoid quitting the euro. that in turn will spork the exit of portugal even italy and spain. ireland the board everybody said the bug is going to stop there over the last couple of weeks we saw that also. spain over germany italy with germany started to go all europe's top banks hold billions of euro in greek.