welcome back you with art you live from moscow with me research a recap now with the week's top stories now the guessing game is over president bush and prime minister putin could swap jobs after the two thousand and twelve presidential election both pledging to continue the path of modernization and economic stability if they were. palestine's statehood bid euphoria degenerate into clashes crowds in the west bank find themselves battling heavily armed israeli riot squads. and europe's top financial figures plan for an

inevitable greek default that's according to a leaked report that follows sliding markets and spreading fears of a double dip recession. kind of those are just a few of the week so top stories here on are staying on the subject of the economy he spoke to russia's finance minister aleksey kudrin and discussed the country's plans for whether in future financial stocks. and always say the best economies are about to plunge into another recession the debt crisis in europe is threatening to involve more countries it's not clear how the u.s. is going to pay off their gigantic their analysts give a pretty grim picture of what's coming to find out how russia plans to deal with these developments in the world economy i'm joined by russia's finance minister i would stick with you thank you very much for joining me out of city and editor hello prime minister where the reporter said russia has sustained the head of the crisis and that in fact the level of unemployment in russia now is lower than it

had been before the crisis we know very well they deserve credit for actually being able to withstand that very severe financial crisis from several years ago we are talking about the stabilization fund that if you develop it and other measures but here we see a new wave of problems in the world economy probably another global crisis around the corner. cannot wash or withstand it using the same methods or do the methods have to change. so that the new wave has not yet called a crisis there are some of the stations of a crisis a harbinger however most economists are inclined to think there will not be a new recession but slower rates of development for a lengthy period of several years or perhaps even decades this will certainly have an impact on russia as demand for all goods and metals will be less at the same time we are expecting higher growth rates in russia as western experts predict too growth rate of about three to four percent is not that bad i'm really not expecting

a fall in the economy like it was in two thousand and nine hundred he literally fell by five point nine percent. there is a more pessimistic scenario most analysts tend to think there won't be a second wave of some just. under these conditions we still have to remain vigilant and must be ready and of the worst and i. you know to apply the same methods we still have considerable reserves although smaller but as a whole and off like we needed last time. and this does not last too long we'll be able to resolve the problem and get out of the crisis should be longer than necessary we have to adjust our policy so far all has not been barred. we have a lexus coming up in russia said we're going to stay in the government if we forums are carried out what we're talking about and what we fourth plan we expect if we would it would be that because the next prime minister. that was going to i'd like

to say my future is not yet known i said i was ready to work in any capacity it helps to molding reforms also can be quite different i'm not only in government concerning reforms it's first and foremost about restructuring ranging from the pension system privatization expanding competition in our economy regulating the tariffs on liberalization of quite a number of industries where the state still prevails and price regulation the reform of housing and communal services has not yet been completed the sector affects literally every citizen and then has much to be done yet it's also about giving more independent power to the regions to finance that sector needs more transparency instability as well as more monitoring of private deposits. such reforms need to be carried out pension reform as i mentioned is a priority in some cases we spend too much of public money without proper effect and health care and education where higher standards are required and the money

spent should be properly commensurate with the policy expected we may not always do this properly all these sectors it's all more benefits you get better education and medical treatment providing better services as a result of such reforms consequently it's necessary to need for such new services does not mean more taxes should be proper a balance. let's talk about the debt crisis that advanced economy space now russia keeps a big part of its our savings in foreign lands but nevertheless russia has reportedly cut in half its investment in the u.s. treasury bonds are there concerns that the u.s. might i now have got out of that. you know we've checked disinformation that appeared in the press and that's not complete and accurate it's displaced on the questioning of several market players as of now we are not decreasing our exposure to u.s. security is around forty five percent of all reserves are kept in those obligations

u.s. bombs at the moment are the most secure in the markets and we're not afraid to invest in them yes their prices may fluctuate but there are no big risks in investing in u.s. debt there are enough of those papers on the markets they have hierarchically pretty and we are sure of the capability of the us to pay for its obligations in years to come so we're not worried i think if the u.s. government take steps to consolidate its borders and cut spending then it stability would rise and we would have no concerns over the reliability of dollar assets so of course we are waiting on the u.s. government to take such steps so they could raise taxes or cut spending but over the years we would like to see the u.s. deficit shrink over several years because of the debt crisis in europe is threatening italy spain portugal and you think europe will be able to withstand a severe financial crisis without letting the eurozone collapse and in what way

could a careful bell thought of euro factor russia. years of. european powers have enough resources to save greece and so we are hoping they will show the will to do that and by that start the spread of this contagion number last these risks remain we've. cause there is here the g twenty summits and at the meeting of the i.m.f. board of governors i have called in your opinion partners to take all necessary measures i think this is just what will happen because they can do it at the same time if the debt crisis does spread it does not affect us too much at least directly because our banks do not hold any of the greek debts french and german banks on the other hand will suffer greatly because they will have gone on their homes and would not appeared this will cause problems with him these banks problems with these bonds credits and overall problems on these markets because banks are after all the leading players on this in turn may affect rolf underscored of

circumstantial threats and loss but i would like to stress that we will respond just like during the latest crisis but this time the crisis will not on much smaller effect. just recently there were heated debates in the media about the possibility that the world's leading the working economies the brics nations that is brazil russia india china and south africa could throw a lifeline to europe by possibly buying their debt but russia already has forty five percent of its reserves in the euro denominated assets can it actually afford buying more of europe's bonds. or reserves are slowly growing we're buying something in addition all the time but in this case we're not going to buy bonds of risky countries mostly we're going to invest in the bonds of the european union the european financial stability facility therefore all

money could come and support to the grantees for the euro zone and in this case we're not taking the risk on the bad countries because we invest in the euro zone countries as a whole this mechanism will allow us to mobilize all resorts as we are ready to participate basically it's an enlargement of our investment instruments and it's quite secure we're also ready to provide. additional resources from the i.m.f. and through the i.m.f. open supporting those countries so we can provide resources through the multilateral instruments from the european financial stability facility it's profitable for us and see investment of our finances. i was listening to robert zoellick speech recently the head of what he was he was talking about how the world must change especially about the park with the attitude of it is the colonies towards emerging economies and this is how it put it i want to read this figure he said when countries with large physical deficits preach let's call it something for

the poor countries what are they really saying well what i say not what i do but countries pay homage to free trade and hold back of elop in countries with barriers what are they really say what i say not what i do they do what i say not what i do world will fracture after they get rid of the old ways and must change do you think that is the approach that led to the country to the crisis that because the economy is based there that threatens to affect everyone else. doing western countries are vital has become somewhat outdated as huge consumption and little investments and so even some voters crisis at this point most western countries are not ready to reduce their consumption and preserve the pre-crisis development passion this does not let them emerge from crisis and their consumption is not substantiated with really anomic results because consumption is calling them into debt so western countries have this issue and they're trying to resolve it by printing money which

only delays the solution we can't you know political economic wants of you if this printing of money and supporting an artificial demand will help kick start the engine of the western economy so far this is not yet happened after all what the federal reserve system must on now we can see the situation has become worse as those measures of not being. not yet and one can expect the printing of money will resume i repeat this model of economic development is not perfect and it's the emerging markets and china russia and even brazil as well as a number of other countries with gold and currency reserves that lend money it's not just the transfer be changed it's this pattern that led to the crisis as a matter of fact. well everyone knows that russia's economy is very much dependent on oil prices you said who expected or prices can grow to sixty dollars a barrel in three to four years from now to be able to withstand such

a barrel for oil prices it was three years and. we expect this fall will certainly cause a decrease in our economic growth down to nearly zero or below zero but in terms of a bunch of policy we'll be able to cope with this within a year after which we have to adjust the policy and reduce expenditure. as a whole however we are ready to provide stability for a year or two and fulfill all our duties. thank you very much what have. you. this was a silly. of about one hundred ninety thousand people we had eighty five thousand. working for general. depended on general.

general motors is if it's that relationship you it might be your neighbor or somebody you knew it's always bad our family run business myself i'm third generation my father was working there and you have a lot of three or four generation families that are there first let's understand that. this is a. in egypt. it is god ward a nation to work with. i think for a long time this notion in america that bigger was better was simply and on the street in fact in the twenty first century smarter better general motors simply became too large for their own good and so many brands that they couldn't even keep up with they just basically became a dinosaur. culturist it. was the.

world going to the future or the weapons grade plutonium is turned into a vital new resource nuclear waste becomes a fuel friendly to the environment and energy outposts in light of the ends of the earth russian scientists lead the way in making these innovations a reality imagine a future free from fears of nuclear hochul it's the peaceful revolution it's hommage energy on technology update we've got the future covered. twenty years ago in largest country in. this race it.

must have been true. began in germany. where did it take. the week's top stories here on our t.v. the guessing game is over president might get their friend the prime minister first and could swap jobs after the two thousand and twelve presidential election of both pledging to continue the path of modernization and economic stability if indeed they went. palestine's un statehood bid euphoria generates clashes the crowds in the west bank find themselves battling heavily armed israeli riot squads. and europe's top financial figures plan for an inevitable greek default that's according to a leaked report that follows sliding markets and spreading fear is a double dip recession. ok cause in the week here on our andrew he's now here with

the latest action from the world of sports. hello there thanks for joining me and these are the headlines russia suffered another hefty defeated the rugby world cup is all and more luck play plus three scoring to make it four past ponza states all with the latest from the russian population. on battles on power in singapore the red bull driver closes in on another world title. now the rugby world cup as expected russia have been heavily beaten by ireland sixty two points to twelve the final score and rode through with the irish reclaiming top spot in paul c. i have a few flaws in our team and some speak of it and the conversion from the last call so russia reduced the deficit to forty three twelve midway through the second period all the while and to go on to make it sixty twelve so that the winner right

can turn the bass to death third consecutive defeat elsewhere argentina beat stop them thirteen points to twelve to take second spot in green bay behind england scotland now has the big being that on saturday to have a chance of making the quarter finals on samoa debate it fiji twenty seven points to seven to put them in second place in group day behind south africa put on saturday new zealand became the first thing to qualify for the quarter finals to convincing thirty seven seventeen when i was france to host going ahead through adam thompson there before cory jane ran in the second after a bursting run third to try from dark preview blocks ninety three by the right and in the second power that domination could see doubt that a second in life front responded with one of their own tries mixing normal skier intercepting the ball how do you plan to have the last laugh sonny bill williams going like that in the corner to complete the thirty seven seventeen when despite

the loss by the french can still reach the last night was the second place team. thank you tom get. up again on saturday stories and take full control of group bait scoring telling tries in that sixty seven three thrashing of remaining a mark whether it's the first ashton getting you back three times that. football in sunday's action in the russian probably has got under way with spot at moscow facing a tricky tight krasnodar although it's goalless with half time to fight much better winds across the dark would push their chances of finishing the regular season they've been ok spain's which will go on to fight for the league's hardcore and european places and immediately the other gang is also neil neil the twenty six by sycophants and spot on now to that later on the nama could retain second spot with the wind i have a second bottom side please to be asked of got a mighty face rubin has been to stretch their own basement to fourteen games since manager jessica's electric charge and in the other guys that i am caught welcome

rough stuff. like yesterday and it did well to pull off as they really needed only four minutes to open the school back in a match you can still see tom i twenty minutes later the only shooter called did make things off the past. with alexander because you can't make you three will just before half time for the last pair of the same time defend this in the second half see he added another goal for his fifteenth strike of the season it was a win for the chinese lefty side the face put their champions league behind stack. and serious god of confidence boosting win ahead of their champions league showdown with insead beaten time unfolded three one thing by scoring three army men barely on their shoulder managed to equalise a short yardage he shot the people off however they would bang to ten men men and i'll get a gauge here are sent off after a second yellow card into your skull to put it beyond the island as it boy is making it see one before signature bridgeboro from the sport so straight was the

final score and. she's got to go up to the second. but over in england manchester city have caught manchester united at the top of the premier league their united perfect start to the season comes to an end they can stay where they three one one and that meant they stay on top of the table but only on goal difference from man city. as it's until you know chelsea are three points behind after a four one win over swans and torres a hero and a villain for the blues scoring his second goal in as many games and then being sent off for a bad tackle you castle stay full with a win three one win over blackburn elsewhere liverpool three teams with that see one spirit one against wigan arsenal are actually the relegation sack that bring the old win against bolton west brom in full and played out a goldrush draw but it is manchester that rules the top of the lead and city boss nineteen is praising his plight. but he was difficult because a poor me would play very well. from the family for all the games. it

was not easy for us to find a good solution and to find this peace. this game really difficult i fear we pushed . for ninety minutes. in the end. that would make players well later today queens park rangers will look to build on their recent good form against aston villa since the signing of a raft of new plays they've drawn at newcastle and got a three no when away wolves the other week solving their own fate in this season better bernie could have drawn four of their games is only one one. senator boxer middleweight title will be at stake this sunday night in the southern russian city of krasnodar and he whether wins it will be a russian boxer who will hold the champions belt in the end of the banyan has not. drawn more themis russians in professional boxing but currently no more successful

the country so. world title holder w b o little weekend iraq the thirty one year old has never tasted defeat in eighteen professional belts fourteen of those coming my way of looking out leaving you observers in doubt that the commute made it is one of the most dangerous punters in his class. in july last year you know faced another unbeaten fire the much heralded daniel jacobs but the american was how built with a speed round stoppage between propelling piro meeting by an english into the sport's elite and a sunday in the southern russian city of course not that they can dance and so well it's time to push the limits once more your all thinking and compared to the dangerous in that you know the russian thing will work in a certain moment for our country as it's the first time ever to russians will face

each other in a world title bout i'm sure both fos will do our best to produce high quality boxing so made the stronger man win you can't afford to miss this one it's going to be a war with. the flyers may have been born in the same year but it's more to push witnessed more ups and downs in the time the same peers based slugger knows what it's like to suffer defeat and learn from the pain he's from record includes two disappointing losses in twenty four fights but he's won five in a row to make it into the title belt against iraq mutiny miters a true sportsman and a very good boxer his stall has got the most experience in amateur boxing and is very skillful business week points too and i will expose them in the ring which you know he has got very fast hands and i like his from talk a lot he's also tough guy very physical plus he has good reflexes so his defensive

skills are pretty good not perfect but still good. eighteen pugilists have already broken too hard not to press you know to my grandson now is just to rise above those might be if you can attain a slice of this particular by transformation from bamiyan to the beast will be completed a bit but only on r.t. problem one sebastian vettel has taken another step towards defending his world championship title after claiming pole position for the singapore grand prix this is the eleventh time this season he will start of the front of the great and if he wins another results go his way he will be crowned world champion again red bull to make my bubble start second against him button and knew how to make up a normal claire and second row vettel admitting things could not have gone better so far. all in all a perfect session and i'm very happy especially around here it's a very fun track picture i mean it's very difficult so many corners such

a long up to get everything together. but i think we learned especially from you know the mistakes we've done last year in qualifying and kept cool and yeah. it's great you know we have both cars in the front row so let's see tomorrow it's a very very long. kind of golf store championship it is aaron baddeley one hundred million who share the lead with the rams left to play while world number one luke donald is three shots back but could still top the third next rankings to claim a ten million dollars bonus badly having the rub of the great early on this sign was inch perfect for him the ball landing straight into the cup for an eagle. he went on to think for birdies on the back nine to carve a six under sixty four and that gives the strain a share of the lead in my hand and he almost had a needle himself here on the eighth hole very accurate but just hits the paint had a pair of two shots clear of jason day and k.j.

choi while world number one luke donald. in the red top pay is three shots back but if he wins in atlanta he would also finish top of the fed ex rankings and that would do it in that ten million dollars bonus. so that is the sport for the moment will be here in the next two hours to keep that.

very first verses of the bible that all human beings are created but seldom it all came in god's image and it doesn't say just jews or god is. sixty seventy percent of what i did as a combat soldier not to buy territories was to do with the turds doing what we call making our presence so we go out should some bozo they hear

a knock on some doors from the other corner invade another house religion and nationalism not just judaism have been a part of the problem they've been part of what leads to. bloodshed if you want to bomb guys and kill. a thousand four hundred people in a month and you want to expect that this will have no effect they're going to feel you have to be either extremely naive or its terms to be not to hear of your religious jew calling another joe and not not in the way they really let him down. if he.