well from moscow you're watching the weekly artie's news review of the week on our top stories top job intrigue president would better have been prime minister putin could swap jobs of the twenty twelve presidential election pledging that tandem will continue to work for russia. emotions running high as palestinians bid for statehood at the u.n. with a standing ovation in new york the clashes of the border in the west bank. a finish priest speaking out against the chechen terrorists website finds himself in disgrace with his plight ignored by the mainstream media. and greek default is

inevitable and top officials know it leaked reports reveal the recession could go even deeper than first the. mistake with the subject of the economy next to r.t. spoke to russia's finance minister. discuss the country's plans for weathering future financial storms. and always say advanced 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 drag 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. thank you very much for joining me on cd and you take. the prime minister vladimir putin 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 that we deserve credit for russia actually being able to withstand a very severe financial crisis from several years ago we're talking about the stabilization fund that if you develop into other measures but here we see a new wave of problems in the world economy probably another global crisis around the corner. cannot. using the same methods or do the methods have to change. so the new wave is not just called a crisis there are some other stations of a crisis a harbinger or however most economists around trying to think there will not be a new recession but similar rates of development for a lengthy period of several years or perhaps even decades this will certainly have an impact on russia's demand for all goods. at the same time we're expecting higher growth rates and as western experts predict two growth rates of growth three to four percent is not. a real not expecting

a fall in the economy like it was in two thousand and nine when the g.d.p. literally fell by five point nine percent. there is an all pessimistic scenario with all but most analysts tend to think i won't be a second wave of such a scheme. these conditions we still have to remain vigilant and must be ready and of the worst honor. 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. if this does not last too long we'll be able to resolve the problem and get out of the crisis should have been longer than necessary we have to adjust our policy so far all is not been. we have elections coming up in said we're going to stay in the government if we forums are carried out what were you talking about and what we fourth when we expect it will maybe where the becomes the next prime minister. that was good i'd like to say my future is not yet known i said i was ready to work in any capacity if it helps

promote the reforms are quite different are 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 community services has not yet been completed a sector affects literally every citizen and then is not to be done yet it's also about giving more independent power to the regions the financial sector needs more transparency in stability as well as more monitoring of private to posits. 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 in health care and education where higher standards are required and the money spent should be probably commensurate with a policy expected we may not always do this properly all these sectors and so more

benefits be a better education a medical treatment or providing better services as a result of such reforms consequently it's necessary that the need for such new services does not mean more taxes should be proper a balance. let's talk about the debt crisis that it bears economists face now russia keeps a big part of its savings bonds but nevertheless russia has reportedly cut in half if they're recommending the u.s. treasury bonds are there concerns that the u.s. mike and nails that. you know we've checked this information that appeared in the press that's not complete and accurate it was based on the questioning of several market players as of now we are not decreasing our exposure to u.s. securities around forty five percent of all reserves are kept and those obligations

you have spawns at the moment are the most secure in the markets and we're not afraid from the rest of the. u.s. their prices may fluctuate but there are normally risks in investing in u.s. debt or enough of those papers on the markets they have high market liquidity and they are sure of the capability of the u.s. 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 budget and cut spending and instability 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 can 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 is threatening italy spain portugal do you think europe will be able to withstand a severe financial crisis without letting the eurozone collapse and in what way

could a careful dell thought of europe back to russia. years of. european powers have enough resources to save greece and so we are hoping they will shoulder will to do that and by that stop the spread of this contagion on the last these risks remain we've just. that is here at the g. twenty summit another meeting of the i.m.f. board of governors on have called on you are they and partners to take all necessary measures i think this is just what will happen because they come do it at the same time that the debt crisis to spread it does not affect us too much at least directly because our banks do not hold any of the greek debt french and german banks on the other hand will suffer greatly because they will have qualms on their homes that would not be cleared this will cause problems within these banks problems with these winds credits and overall problems on these markets because banks are after all the leading players on this in turn may affect growth and this

could have circumstance and effects on us but i would like to stress that we will respond just like during the latest crisis but this time the crisis will have a much smaller effect of missions just recently there were heated debates in the media about the possibility that the world's leading the emerging economies the brics nations that is brazil russia india china south africa could throw a lifeline to europe by possibly buying their debt by russia or already has forty five percent of its reserves in euro denominated assets can it actually afford buying more of europe's. would go to. the 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 comment support to the ground tease for the euro zone and in this case

we're not taking the risk on the bar 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 a non-argument 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. help of supporting those countries so we can provide resources through the multilateral instruments the i.m.f. or the european financial stability facility it's profitable for us and soon first one of our finances. i was listening to robert zoellick says recently the head of the water bank and he was there was talking about how the world must change especially about the park with the attitude that it is the colonies towards emerging economies and this is how it put it i want to break this to you is said when countries with large physical deficits preach let's call this a plan for the poor countries what are they really saying or what i say not what i

do when countries pay homage to free trade and hold back the vela ping 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 to the detriment of the old ways can and must change do you think that is the approach that lead to the country to the crisis that it bears that on its face there that threatens to affect everyone else. and we western countries are vital has become so modern treated as a huge consumption on little investments and savings have provoked this crisis at this point most western countries are not ready to reduce their consumption and preserve the pre-crisis development passion this does not left america from crisis on their consumption is not substantiated really canonical is all this consumption is pulling 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 predict

will be economic point of view if the 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 no we can see the situation has become worse with 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 golden currency reserves that lend money this on just trying to be changed it's this pattern that led to the crisis as a matter of fact. while everyone knows that russia's economy is very much dependent on oil prices and use a good spec it or prices will drop to sixty dollars a barrel in three to four years from now to be able to withstand such a down in oil prices it was. news and. we expect those fall

will certainly cause a decrease in our economic growth down to nearly zero or below zero but in terms of the budget 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 our duties which. thank you very much for your time. thank you. this is a city. of about one hundred ninety thousand people and we had thousand people working. for drought depended on.

general motors in relations you it might be your neighbor or somebody you knew it was kind of a family run business you know myself i'm third generation my father was working there and. three and four generation families and their first let's understand that is that this is a man doesn't know yet. then he said. it is gone what a. name to work with. i think for a long time this notion in america that bigger was better was simply an undisputed fact in the twenty first century smarter going to be better general motors simply became too large for their own good and so many brands the three couldn't even keep up with they just basically became a dinosaur. well

the future of the weapons grade plutonium is turned into a vital new recent nuclear waste becomes a few will see the environment and energy among the ends of the earth russian scientists lead the way in making these innovations a reality to future free for years of nuclear lives the peaceful revolution in the comic energy on technology. we've. covered. twenty years ago these are just countries. to see. where did it take the.

top stories are a few of the top job in trade. for the twenty twelve presidential election. continue to work for russia. also emotions running high as palestinians. standing ovations in new york clashes at the border in the west bank. a finnish priest speaking out against a chechen terrorist website throats and displays with his plight ignored by the mainstream media. and break the folds inevitable i. know it's late for ports deal the recession could go even deeper than first feared. this is

a see now sunday sport. hello to the latest corps updates this sunday evening and here's what's coming up. on the rise sports at moscow we thought so it was about to go fall down on moscow missed the chance to go second on a busy day in the russian premier league. while on the song in st sebastian vettel winds the sing the full blown record closer to retain his home in the world championship title. as knows the results russia suffered their third straight defeat of the rugby world cup after losing sixty two twelve to one and. the best football and spot at moscow have gone forth in the table after winning four to a class in the first of five matches in the russian premier league on sunday some alarming emmanuel in america opened for the visit is the nigeria striker not made

her first present goalkeeper got to go on the half hour mark. though this many games and that's just five minutes later on super doubles leave for a spot tax reform russia under twenty one for what this does to the rebound after a scrappy corner however it's the home side only a minutes to pull a goal back you can see bits in is left to glaringly are not sponsored government and finished aplomb but still in the first time following midfield that they may desire to restore the red wants to go advantage for him in this cross one spotlight tributes incompleted his brace the person they are blasting him left footed shot soon after the restart. but it's that ray of hope the same demand for the hosts retreat from both of those with a penalty midway through the second half or two to muster side it finished. but

elsewhere a thirtieth minute goal by last seen a try or made all the defenses down with less abuse put an edge bottom. side spotlight now to the ivorian giant striker scoring from outside the box if that is it is their sixth win in seven games chicks slip to their fourth consecutive defeat . where ten man rushed off one one in the town caught in a bottom half clash that is just how the one you know not sent off after the teenage midfielder picked up a yellow card by the side of the interval second for handball but kept in the round i got off immediately scorched you yourself what proved to be the winner. while commanded i must say fails to reclaim second spot after losing one of the struggling clears about south padre county lanka open for the hindsight off that minutes before letting it go down at picked up a straight as top red for dinner and was not going to construct their own beacon run under new coach jersey seventy fourteen games despite being held one wanted him to redeem. one saturday's and it's made sure they stage two points clear at the top

with a comprehensive for their women and to turn it to pfizer limited only four minutes to open and twenty minutes later i don't mind should i call from a get to know medical clichy to his boss. alexander courage and off make it three nil just before half time. in the second half the league's joint top scorer added another for his fifteenth goal of the season for nail a solid win for the try to split his side the first quarter in champions league home runs they. thought this guy also had a confidence booster ahead of their showdown into into milan after recent ten one vulgar three one seed you do reopen for the argument after just six minutes longer managed to equalise shortly afterwards through the bill off however they were reduced in numbers just after the end all went you know if you get your sent off after second yellow card to start a full advantage plans ago it make me to want to sixty eight minutes psyche shave

which netted from the spot late on a three one the fine. it's one second. while i bring them we've got rangers are taking on aston villa in the premier league with both sides looking for a win that could put them above liverpool in yet another advantage is currently with vello who need one at loftus road thanks barry bannan fifty eight minutes stuck in the dying minutes that was not very much tonight is one hundred percent record came to an end after the league leaders were held to a one one draw at stoke they talk but only on goal difference rivals manchester city true level on points out to deal with and to have written chelsea stay further after a four one when i was one seat despite fernando torres strait scoring runs getting sent off on a day which saw for red cars in the top flight newcastle space fourth and unbeaten with a screen one win and ten one black tottenham based ten one we're going to want an arsenal move down to the relegation zone a real winner of the tournaments bolton little called meet goals to one restaurant

tree hill mill was for them. only one now rebels in battle claimed his nineteenth career victory in an incident packed singapore grand prix to move to the brink of retaining his world title the germans ninth's victory in fourteen races means he is just one point from the remaining five races to seal the title mathematically the only man who can beat him is jenson button and finished second ahead of red mark webber ferrari's fernando alonso of course it was time to recover from cries from penalty to finish this britain was punished for running into the obviously paymaster since one thousand race well that is now one hundred twenty four points ahead of button with only one hundred twenty five still available this season he has finished first or second in every race except his native germany where he just feels. that the rugby world cup and as expected in russia have been heavily ridden by ireland the final score was sixty two points to twelve a rotter row with the irish retraining top spot in full see as rich event profit

reports. rush over on the end of a rugby lesson from ireland and out about when it's enough to prevail be our issue back to the top of pool see what russia of a were of their own worst enemies at times as very alive the arash to run in some very simple tries especially in a five minute period just before the half time break we just like experience of big tournament like these you just get tired at some point and lose your focus which results in mistakes it's as simple as that. had been the first quickest sellouts of rugby world cup and the international stadium in the local rule was a sea of green with around half the crowd supporting the irish while and were on top going into the half time break but russia showed great enterprise of the ball in hand which has won them a lot of friends here in new zealand and they would run in as couple of second half tries which were very well work to prove to me and the simple clear which is scored on his desk debut are attacking strategy and the combinations we've been practicing for the game everything worked for two tries we scored prove that the team did

their best it's the substitutions came off including myself we managed to show that we can keep up with the peace but russia were undoubtedly outclassed by a very good irish side but there are a number of positives but they can take out of the game most notably in a scrum or this was an area where they were found wanting against italy but fast forward five days and they more than held their own it's a very very strong irish pack. the way we've played really surprised me he did pushes back in some of the scrums it was a held a ground at times and it yielded results including one try us graham's will called united we held firm as one man of us is still a massive learning curve for the russians but remember this is a bear's first ever world cup but they played some fantastic rugby with the ball in hand there are more but justifying their place with the best from around the globe i hope we're proving our class with each game we play it's all for us world cup after all and more experienced teams have lost by similar score to the one we did

today. and when you to the game but already shows some promise but russia's players will have a very well deserved break on monday after battling back to training pitch as they prepare for their final much of a tournament against australia. new zealand. well that game was watched back here in moscow by russia's sports minister of italy might call and the top official heaped praise on the best who he says are a source of inspiration back. by your story it is a team sport and we will always support the strength in the spirit and teach people to work as a team a great number of young men and women started playing sports that way i want to wish good luck to them on scene as they conclude that all of them and i watched the game with ireland today and the lions let me say again that they don't have much experience but on the whole they're very satisfied with the way to trained and played and i would like to wish russian rugby good luck and if you mission. well in

the meantime argentina edge scotland thirteen twelve to go second be hiding the group after a nail biting and actually moving to the side where neck and neck before the balls from brewery jackson down parks the scots twelve six up and less than ten minutes to go but the argentinians had other ideas with the stones eyes and see no with an amazing rate run last version i frequent the pony the puma's one point leaves hearts then missed what could have been a lifesaving drop goal and fifteen twelve is how it stayed stuck and now have to beat england next saturday to have a chance of reaching the quarter finals coach andy robinson knows things that the baxter with. the spirit of the side yeah i thought it was. a really good performance but it's about being able to finish change off and very you know in the best tournament. in the world you've got to be able to finish. a solid

cause and you know it could be very good at staying in the game and so they they do well stand my ground today. and in sunday's other game samoa beat fiji twenty seven points to seven a second in group d. behind south africa. funnies after six and patrick macau of kenya has beaten the world record held by the great haile gebrselassie to retain the band's marzan title in berlin and twenty six year old finished in a time with two hours three minutes and thirty eight seconds to shave twenty one seconds off the record set by god is the last week on the same course three years ago this time around as the ethiopian legend has to retire after thirty five kilometers of the forty two kilometer race to chest pains. all the while running enthusiastic and out of the numbers here in moscow to promote healthy lifestyles by taking part in a national cross-country event a sporting festival in the capital as part of a day of running across russia with children and adults alike taking

a run in the park and sports because of his outing with coach said around a million people joined the initiative on its tenth anniversary. and that's all the sports the news like them.

to the.