can you. parisian. here in moscow this is. says the u.n. must immediately call for all sides in the syrian conflict to stop the violence and start talking to pete kamal tomasky condemned the recent e.u. sanctions which threaten to hug the people more than the regime. libyan rebels prepare to a time of colonel gadhafi is lost as a stronghold with the town of bani walid. it's in the casey the surrender of the ousted leader is remaining supporters break down. and israel gives its security forces permission to fire a palestinian protesters in the west i kind of syrians are planning

a march in the area in support of the bid for statehood out the u.n. later this month. of economic climate it's not only bright for the u.s. and the e.u. but there might be better times ahead for developing economies next we sit down with one of india's losing economists to find out how emerging markets are responding to the challenges of turbulent times. the asson p. downgrade of the united states' economy has raised many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty sixteen so how is all of this going to affect the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this is mr monti exciting

ahluwalia i want to ask you is the second wave of the global financial crisis upon us i think what will happen is markets would disrupt. growth prospects for the carbon in the u.s. and europe but i don't see this is going back to progeny and so where do we go from here who's going to fix what's going on in the world right now the world needs to. get together to work out what's the transition what's a reasonable transition in a world in which there will be more than one currency and where the traditional reserve currency of the movement is in the country which doesn't have a very well balanced macroeconomics attrition and is various times in india do you think that perhaps there could be a shift in the world order and that india could be somehow gaining

from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will go relatively slowly europe may grow a little bit faster going to prom the us has traditionally been viewed as a very dynamic economy is likely to grow faster than europe but the growth rate in these economies will be much less and the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic politicking place one is to asia. and another way of looking at it is really the rising rate of emerging market countries but i think you're thinking of a world in which there would be a large number of relatively equal economic groupings and you want to global system that can accommodate that it can't be

a global system which is run only by saying well look this is the center of pollen everybody else must adjust and it's been said that europe has dominated the air national monetary times and your opinion is that part of the problem or at the solution i do think that the dominance of the industrialized countries of these two institutions has to change remember that as long as europe and the united states are together. they account for almost half the votes in the army or from the world bank so even if you made a voting system they would be able to get their candidates in providing the elaborate with each other but you don't want to system where it's assumed that one organization will be run by one country and the other will always have your opinion and how do you think all of that has a pact at the euro and personally i think the world is going through some very

important structural changes and if europe is showing signs of strain i think it's appropriate that the fund should do what is necessary but it's also appropriate that europe should bear a very large part of the burden and the costs and that's what's happening with the i.m.f. is working collaboratively with the european central bank so on the whole i think stability is very important for all of us and so far what they've done i think is the right thing but looking ahead as new sets of problems arise and it is always an issue that the fund must be not dominated by the concerns of any one part of the world which should be should be seen to be reflecting global interests and do you personally think that the euro is going to survive the creation of a single currency for europe was a pretty major and a bold and ambitious step i think is generally recognize that if you want to have

a single currency it needs to be backed by a single fiscal authority now since euro zone is different countries they obviously don't have a single fiscal authority but to back a single currency they must have a very shared understanding of who's going to pay the bills if a problem arises that will become a substitute for the single player i don't think that's been sufficiently clear i think in the first flush of. a good feeling about the euro. there was an assumption that there are lot of benefits that come to european countries from having the same currency but not enough appreciation that there are costs and i think that's now if it so it's a challenge for europe how they're going to handle this in future i do feel that they need to be if you like bailed out right now because i don't think it's in anybody's interest to see a major financial collapse about moving ahead how do you stop the same problem

arising ten years from now it is very important for europe to have very clear rules of behavior how are they going to deal with fiscal crises. i mean what's going to be the rule of the european central bank in bailing out governments as opposed to the role of the i.m.f. so i think these are issues that the global community will have to look at and i want to ask you about china obviously china is the number one u.s. cat holder i believe they have around three trillion dollars that us that in your opinion can they make the right decision and. it is true that the chinese have a very large holding to some extent if the chinese wanted to retain. parity with the dollar which was part of their strategy and they would end up holding dollar debt because if they didn't hold dollars there then essentially the dollar would depreciate. the renminbi would have appreciated so to some extent the chinese holding dollar that is the other side of acquiring running surpluses but

not actually appreciating against the tide and see if you're running a surplus which now you know that that period gave the word a lot of stability a lot of growth the chinese benefited i guess whether they made the right choice or not depends on going to be now addressed in a soft landing method rather than in a highly destructive manner and it's in everybody's interests including the chinese of course their job. should be a soft landing do you think the dollars and i survive as well or is there a currency as a major currency absolutely i mean look the united states is going to remain. the dominant country globally it won't be as overwhelmingly dominant as it used to be or the suddenly remain the largest economy certainly for another ten years the fact that the us has free movements in and out of capital will still make it the trendsetter rather than the trying these economies the real issue is in future

would people be willing to hold all their reserves in dollars and as general rule if you've got four major currencies it doesn't actually make said store all your serves in one province so i think the in the past there's always been the assumption that other countries may address but the u.s. currency become the sort of the standard of stability that i don't think can remain true once you get a lot of other countries which have moralist similar size as the u.s. and in your ideal world who shared. the global economy i think there is a lot of consensus around the world that the fund is the international institution that should be looking at these things and if there are governance problems or inadequacies. known representation in adequate amount of the newly

emerging countries and those should be corrected and we should actually use this as the forum and obviously you know there is a reshaping of the world economy actually if that's happening it probably can also find a mental political shift as well what do you extract from our point of view that the rise of a number of emerging market countries will create a much more balanced sense of the world economy amongst countries that were earlier seen to be dominant. might create a greater awareness that you know they can't unilaterally decide the future of the world and certainly countries that earlier felt that they were not part of the political decision making now feeling part of the political decision making i mean democratize ation of the globe truth have positive effects because it will make these countries behave in a more responsible manner and there's been a lot of talk about rating agencies being unaccountable despite their political

influence where you make these agencies more accountable if you could one of the fundamental areas of conflict are reaching agencies rate companies that pay them to rate them so you can generally assume better promptly that pays a rating agency to rate it as hoping to get a good rating so there's a there's an element of conflict of interest if you're getting your money. from the people to whom you're giving a rating. i don't find an easy way of solving this problem but i think transparency transparency and how the ratings are down. the track record is the only really that you're going to be able to solve the problem and the last question i want to ask is you know a lot of people are saying that investors are going to perhaps invest more in these emerging markets if they start to look away from u.s. treasury bonds i mean what's complaining commissions short term predictions for india in relation to everything that's going on right now the big message coming

out of how the global economy is moving is the industrialised countries are going to grow more more slowly whereas the emerging market countries are going to grow faster india's been growing for the last five years that about eight point two percent anybody who's investing and looking around the world if they find one market is growing and you know somewhere between eight and a half or nine percent another market is going to grow two and a half percent i mean it would be very well advised. to invest in the markets that are growing so we expect on a medium term basis that there would be it already is and will remain preferred destination for foreign investment people look at their global portfolio traditionally they've invested too much money in the industrialized world not having i'm dissipating what the consequences of globalization are good so over time i think they should be rebalancing a little more towards the emerging markets and within that i think india would be

a very good bet all it'll certainly be interesting to see how i could buy a lot if i want to thank you so much for taking the time to talk to me thank you. for the. we've got. the biggest issues get a human voice face to face with the news makers.

it. critique free. free. free free. free. free. free blog videos for your media projects and free video games are cheap. in some places but is available in grocery chilled europe grand hotel emerald marco polo club small circles photo electric gold circus or told us really a ski cringe in their skin. this is really good scheme would go to

a chance to look at eco scum. so it's a. process says the u.n. must immediately call for all sides of the syrian conflict to stop. talking came to moscow condemned the recent sanctions which threatened the people more than the regime. libyan rebels prepared to attack one of panel gives out these and does it stronghold the town of bani walid the efforts to make a seat the surrender of the ousted leader is remaining supports his breakdown. and israel gives its security forces permission to fire at palestinian protesters and the west bank palestinians are planning a march in the area in support of the big stated out and un later this month. next

to. the world of sports community it seemed ever gotten in now let's talk let's have this it was not pat's and the last week of the usa was there yet plenty of matches this sunday we're going to look at most of them the more important ones anyway but it was off the court how it's not the real fun began especially at rockfield we're going to look at why that was in just a sec. great to have you with us this monday afternoon in the center of moscow this is where today i mean these are headlines. silver lining russia finished second in the medal tayo of the world. and chips are being a brace of goals on sunday's final day. eyes on the ball russia's highest ranked tennis career bureaucrats valery over qualifies for the quarter finals of the u.s. open last year's finalist in new york aiming for

a first ever grand slam cross. man behind the headlines here. in the early cough offers his boss to r.t. on how the sport of ice hockey is really. interesting stuff that's coming out soon but let's get going with our clinics where the world championships have wrapped up russia claiming two more goals in the closing day to consolidate their best ever finish in the overall standings maria. upsetting the odds by beating world champion south african custer semenya in the women's from readers the russian clocking a time of one minute fifty five point eight seven seconds so many are forced to settle for silver half a second behind with kenny and jonathan kept cool sexy taking. take these years i have an incredible feeling inside me i can't find any words to express them i'm not tired though my result was fantastic i have three more competitions this season but i won the most important one the world championships.

tatiana sinko also sought the podium in the women's hummer through her mark of seventy seven meters thirteen centimeters beating very high dollar of germany by more than a metre chinese junk when jude completing the podium for us. so that is that for a new. over two years on till moscow who's the fourteenth i doubly world athletics championships in august twenty third teams the united states topping this year's offense with twelve goals twenty five medals in total russia are next three goals behind that is their best ever performance while kenya will be happy with their seven chocolate finishes which puts them third. tennis in the us open our viewer is going to be over is set to face her kryptonite some of their stories are in the quarter finals the second seed beating sabine lisicki the set up the clash while still held off another russian maria curling so

a real model of efficiency with sixteen winners just eleven on forced errors the sticky struggling too much pace losing the first set six to a similar story in the second which is from the over losing of the six two six three when she meets those are who's in the russian in seven of their nine it's. ok in the men's side all things russian involvement is over either can it's in the last a full going down to miller in run three defending champion rafael nadal meanwhile had an eventful day at flushing meadows a tough two hour forty minutes encounter in the searing midday heat seeing the world number two take care of david nalbandian seven six six one seven five how it ended up that's all night through to the fourth stage where he meets luxembourg for a place in the last eight. the new york sun though taking its toll on the towel in the interview room afterwards journalists watching on as the twenty five year old grabbed his leg under the table with cramps slowly stretching out before collapsing

on the floor and the dulles stating afterwards it was cool it's really hot just look at the pain incurred in front of the cameras instead of in the changing room. a much more straightforward afternoon for a fellow title hopeful andy murray the scot burley putting a foot wrong in the six. one six four six two win over feliciano lopez plus in the last sixteen for american wildcard donal young it's. just a football rusher gearing up to take a massive step towards euro twenty twelve qualification and choose date the group leaders take on the second seed the republic of ireland in let's go to the caps charges should enter the time high spirits having beaten the irish three in dublin in october victory fast becoming critical for both sides with sort of under media also still very much in the running for the ukraine on pullen finals places the hosts fully fits want to choose from although midfielder igor

a nice soft is through suspension. russia are yet to lose a game after four group stage writings of the twenty levon european possible championships in lithuania eighty nine seventy seven when overall kariya sending a strong message to their upcoming opponents slovakia another undefeated team who will no doubt will david plotz charges for group d. supremacy russia's undercurrent helping himself to twenty five point five three points for steals against resilience bulgarians go and be a big man timofey moscow off fifteen points but blocks confessed he saving most of his tactical trump cards for the slovenians this plus should make for exciting viewing spain serbia and france the other nations yet to lose so far. denmark's most successful goal for is on a roll after taking the european masters title thomas bjorn winning his second straight tournament a while carving a final round of sixty two to muster the lowest total of his euro career an amazing

day seeing the forty year old turn up three deficit into a four shot victory a great approach on the fifteenth just part of a stunning nine on the run and if you are not fully intent on overcoming the obstacles with a twelfth european cycling site former world number one martin kaymer was next closest sixteen under overall but not even this eagle on the fifth was enough for the german. bjorn closing at the end with a birdie to secure the title his third of the year he also four blocks from three done in the final run to win the johnnie walker championship last. it's getting tighter at the top of the leaderboard the dutch above championship five people are chasing leader bubba watson with a run to the american had fewer bookies on the day but still led by one thanks in part to this birdie on the set the twenty eleven masters winner charles swartz all started with a share of the lead but last grind the south african are two strokes by adam scott showing great range here on a set off for a birdie on the team he is joined by jerry kelly brendon steele chez revie and

fellow australian jason day who are all one struck on ten. ok the princes to motor sport where jorge lorenzo is victory at the submarine and motor g.p. keeps the spaniard in contention for this year's title it is casey stoner whoever retains the overall lead despite finishing third on sunday lorenzo on his blue yamaha passing paul tudor stoner in the first turn the twenty four year old would hold on to transport for the remainder of the events finishing head off my feet down a bit to say i'm still no rain hit maisano track so lorenzo cut so much advantage to thirty five points five races to go in twenty eleven oregon the next stop on the move to g.p. circuits. and finally there have been films made even songs sung by the fabled professional sports agent who the majority of them preferred to let their clients do the talking that's why when your skinny mulk ins agent. said he'd speak

to us we jumped up a chance events of course he has the story. huge contracts global brand indorsements and thousands of screaming fans and ice hockey all stars of the world really do have it all but despite being phenomenally talented individuals they would have a hard time making such an impact on the biggest stage without someone pulling the strings behind the scenes you not caught and never expected to become a sports agent but now you call one of russia's trailblazers in the business he manages such mega stars as you get a molecule in sergei go in charge so there's a whole genome i became an agent by accident i lost my job in one thousand nine hundred nine and was struggling to make ends meet a friend of mine called me one day and said he got word from the new york rangers sports who can see it is pursuing me i didn't jump the gun and let those guys pursue my service he's eventually the company's representatives met with me and i took up the job. we shut off as well aware of the trials and tribulations his

clients the daily he himself had a twenty three year playing career in called spartak moscow after that. i've got some colleagues who never played and they think a hockey background is not necessary to do their job i tend to disagree as one must be able to evaluate an athlete's current level of performance and his potential that's what ultimately determines a player's price and while managing malkin going char and other big names would be the top entries of course resume no agent would want to miss a transcendent up and coming talent ready to blossom into a star push and i was as it was that i would say i represent between forty to fifty players in total including those born in one thousand nine hundred four and one thousand nine hundred five i tried to keep in touch with all my clients and go to their matches if possible obviously there's a conflict of interest frequently because i can't attend all my peers games and the

same time in. the competitive big money business can bring out the worst and so major. that's what some going as far as to steal the diamond in the rough that other set down. we shall call says he experienced those shady dealings first hand and believes a lack of sporting knowledge is driving his colleagues through underhanded tactics yes i can tell tells me about one inch and police simply told me he would take players from me once his current crop of stars retired this practice is widespread in russia while the united states for instance has a code of conduct which limits such action if an athlete is already represented by one inch and no other agents can recruit him. however we shall cause claims he knows a few american agents and find ways to cheat players out of their hard earned money so i mean that he says this is just because i've never heard of asians taking money from players in russia but it's happened in the states before i knew that on three kostitsyn was a victim of such a scam and they also tried to trick alexander ovechkin and that xander i don't love

but since parents are the ones who often choose their child's asians for the future they should make inquiries about a very. senior favorite athlete on the list of the richest people in their sport the cover of a new magazine or endorsing a product is the result of a good agency work but those men like cough also clearly have the ability to become great advisors to their clients while allowing the players to blossom in their respective. funds gorski r.t. . about the sport nothing from me for the tale or tell you saw the evidence here in just under two hours time with more l.c.s. said. culture is that so much of the taxpayers' money coming to him it will take. some of the rates during the great financial contraction millions lost their jobs and homes

but the rich only gotten richer should the rich pay more. i'm.