this is r.t. live from moscow with me kevin no internet you watching the weekly our roundup of weeks top stories and first top job intrigue president the bedroom promised of quoted could swap jobs offer the twenty twelve presidential election in that town and continue to write. about sions running highs palestinian bid for statehood at the u.n. you standing ovations in new york with clashes supporters in the west bank. the finnish priests speaking out against the chechen terrorist website find themselves if properly disgraced please please ignore by the mainstream media. and

greek to false inevitable pop officials now it's leaked reports reveal the recession could go even deeper than first. and staying on the subject of the economy next party spoke to russia's finance minister alexey could really 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 gigantic get analysts give a pretty grim picture of what's coming to find out how russia plans to deal with these developments in the wall the congo i'm joined by russia's finance minister. thank you very much for joining me and sitting in richard. the prime minister where the reporter said russia has sustained the head of the crisis and that in fact the level of unemployment in russia it 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 developed and other measures but here we see a new wave of problems in the war the economy probably another global crisis around the corner. cannot russia withstand it using the same methods nor do the methods have to change the way we. should a new wave is not yet called a crisis there are some of frustrations of a crisis a harbinger however most economists on trying 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's demand for all goods. at the same time we are expecting higher growth rates in russia as western experts predict too well growth rate of about three to four percent is not. a real not expecting

a fall in the economy like it was in two thousand and nine hundred g.d.p. literally fell by five point nine percent. there is a market has a mistake but most analysts tend to think i won't be a second wave of such a scale under these conditions we still have to remain vigilant and must be ready and use of the worst scenario to apply the same methods we still have considerable reserves a little smaller but as a whole and off we need lost 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 has not been barred. we have elections coming up in russia and with said we're going to stay the government if we forms i carried out what are you talking about and what we're for and when we expect it with with it a bit of the next prime minister. of good luck to say my future is not yet known

i said i was ready to work in any capacity of helps promoting 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 communal services has not yet been completed the sector affects literally every citizen and there is much 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 deposits such reforms need to be hurried out pension reform as i mentioned as a priority and 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 the quality expected we may not always

do this properly old sectors that saw more benefits better education and medical treatment are 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 balance. let's talk about the debt crisis that it bears that harlem is space now russia keeps a big part of it are saving. lives but nevertheless russia has reportedly cut in half if the u.s. went in the u.s. treasury bonds are there concerns that it's like and now it's got all of that. you know we've checked there's 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. security is around forty five percent of all reserves are kept in those obligations

us bonds of the normans are the most a cure and the markets and we're not afraid to invest in them or 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 high market liquidity and we are assured of the capability of the us to pay for its obligations in years to come so we're not worried i think of the u.s. government take steps to consolidate its budget and cut spending and its stability would rise and we would have no concerns over the reliability of dollars. 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. the debt crisis in europe is threatening italy spain portugal biggest think europe will be able to withstand a severe financial crisis without letting the eurozone collapse and in what way

could a careful balance of your effect russia. years of. european powers have enough resources to save grief so you're hoping they will show the will to do the arts and by that stop the spread of this contagion on the last these risks remain we've discussed those here at the g. twenty summits and i missing of the i.m.f. board of governors and we have called on european 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 do 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 gone on their hands and would not be cleared this will cause problems within these kinds of problems with these fines credit some overall problems on these markets because banks are after all the leading players on this in turn may affect growth and this kind of circumstance

will affect some us 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 fact. just recently there were heated debates in the media about the possibility that the world's leading the merging economies the brics nations that is brazil russia india china and south africa could throw a lifeline to europe by possibly buying their debt bods russia or already has forty five percent of its reserves in euro dominated assets and it actually afford buying more of europe's debt bonds which go to assure. all observers are slowly growing we're buying something in a deal. all the time pl 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 there formally called common support to the

counties 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 results as we are ready to participate basically it's an announcement of our investment instruments and it's quite secure we're also ready to provide additional resources for the i.m.f. and through the i.m.f. help in 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 it's investment of our finances. i was listening to robert zoellick speech recently the head of the world bank and he was he was talking about how the world must change especially about the hypocrisy in the attitude of the collie's towards emerging economies and this is how it put it i want to read this figure is said when countries with large scale deficits preach let's call this

a plan for the poor countries what are they really saying here what i say not what i do when countries pay home which to free trade and hold back the ball up in countries with barriers but 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 and must change do you think that is the approach that lead to the country to the crises that advanced economies face there that threatens to affect everyone else. the way western countries are vital has become somewhat outdated as huge consumption and 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 developing. apart from this does not let them emerge from crisis and their consumption is not substantiated with really canonic results because 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 yet predict will be economic point of view if this printing of money and supporting artificial demand will help kick start the engine of the western economy so far this has not yet happened after all what the federal reserve system must on now we can see the situation has become worse but those measures have not been a not 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 this one just can't 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 prices you said the expected prices for sixty dollars a barrel in three to four years from now able withstand such a down in world prices it was true news and. we expect those four

will certainly cause a decrease in our economic growth down to nearly zero or below zero but in terms of the broader 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 for your. time q. . this was a city. of about one hundred ninety thousand people and we had eighty five thousand people working for general motors. or job that depended on general motors.

general motors is if it's not relations you it might be your neighbor or somebody you knew so it's kind of a family run business you know myself i'm third generation my father was working there and you have a lot of two three or four generation family there their first let's understand it is that this is a man doesn't work. then he should not. it is gone who are they made into work with. i think for a long time this notion in america that bigger is better was simply an on the street in fact in the twenty first century smarter didn't get better general motors simply became too large for their own good it's so many brands that they couldn't even keep up with they just basically became a dinosaur. which was. just.

twenty years ago in the largest country in the. history of. sleep one hundred children. began to journey. where did it take. wealthy british style. markets. happening to the global economy cause a report on. the official antioch location. called touch from the. on the go. video on demand exceeds my old costs and. with the palm of your.

questions. call. coaching oxys review the week of the top stories talk job entry get a nice present good credit from prime minister putin could swap jobs off the funny twelve presidential election pledging the time it will continue to work for russia . emotions running high as palestinians paid for statehood of the un with standing ovations in new york but clashes at the border in the west bank. to finish pretty speaking out against the chechen terrorist web site finds himself defrocked and describe a state with his plight ignored by the mainstream media. and greek default is inevitable the top officials know it leaks reports reveal the recession could go even deeper than first feared. sunday night sport.

and i thank you for joining me for this fourth of the headlines on the rise spartak moscow win or to a class girl to go forth while the long while still miss the chance to go second a busy day in the russian premier league. while on the song in saying sebastian vettel wins the crash late in the singapore grand prix to the brink of retaining his well championship title. as moles davidson's russia suffered their third straight defeat at the rugby world cup after losing sixty two twelve to ireland. the first of all and spartak moscow have gone fourth in the table after winning four two a closet are an action packed sunday in the russian premier league summer signing emmanuel and many cup win for the visitors in nigeria straw i can not make this

present our goal to get him god above on the home school his third goal in this many games and just five minutes later doubled the lead for spots out the former russian under twenty one forward the spurs to the rebound after a scrappy corner however it suits the home side only a minute to pull a goal back in she was left caringly on mount in the spotlight go mass and finished in the plum but still in the first term of holland and so there it is a restored the red wants to go advantage for the americans deft cross through in spots like tributes him completed his brace across no doubt blasting him a left footed shot soon after the restarts but slightly a fight seemed for the hosts after the need to come out of there to the penalty and play through the second half for two unless somebody finished. well elsewhere a thirtieth minute goal guy last seen a try or it was the difference as done by trustees. edge to bottom side spotlight

now to one mill the ivorian giant striker score in from outside the box to give the visitors their sixth win in seven games. slips to their fourth consecutive defeat. and elsewhere and then rushed off one one nella time caught in a bottom half clash the business had the mind young all young off sends off after the teenage midfielder picked up a yellow card either side of the interval second round ball captained by michael baume off immediately scored for stuff what proved to be the winner. and mandela also fails to reclaim second spot after losing one nil in a rain drenched match and startling clear threat of a great twenty lanka open to the home side after eleven minutes before that he claimed that like a straight first hole thread for dinner. like a mighty good stretch there i'm being run under a new coach here's a q. serotta fourteen games despite being held one one time to regain spanish midfielder

alberto's up with that netted his first goal in the russian top flight but luckily in front seven minutes after the break but judge on levels that raced through the second half. while i saw things in each major they stage two points clear at the top with a comprehensive formula when from to tone it defies eliminated only four minutes to open and twenty minutes later the chuckles made it to know you can quickly she says pass. the exam because your golf made it through you know just before half time. in second half the league's joint top scorer added another for his fifteenth goal of the season for now a solid win for the china sweaty side who has fought in the champions league on wednesday. well there's got also had a confidence booster ahead of their showdown at home to into milan after beating ten men volga three one seeded open for the army men after just six minutes of all

that managed to equalise shortly afterwards through the bill off however they were reduced in numbers just after the interval you know it's a good year for sent off for a second looking at is that at full advantage as i go ever making it to one of the sixty eight minutes. of the shave each netted from the spot late on to three one the final school disco they were in second. while over each of dunn's injury time own goal gave queens park rangers a late one one draw at home to aston villa barry bannan house put the visitors ahead from the penalty spot on the fifty eight minutes then rangers had armin's try only sent out in stoppage time but they best in the point it's done and luckily through his own nets fans that remain unbeaten in eight p.p.r. a night. in formula one red bull sebastian vettel paint his nineteenth career victory in an incident singapore grand prix to move to the brink of retaining his world title well the town's lewis hamilton had to recover from

a drive through people see to finish fifth the britain was punished for running into flow is the paymaster it has since slammed hamilton for ruining his race and seven time world champion michael schumacher emerged unscathed after a spectacular crash. that's also night's victory in fourteen races means he needs just one point from the remaining five races to seal the title mathematically the only man who can beat him is jenson button he finished second had the bulls mark webber ferrari's fernando alonso was forced effort is now one hundred twenty four points ahead of but with only one hundred twenty five still available this season he has finished first and second in every race except his native germany this falls . were a comfortable position for most of the road. which is pretty handy around here because it's quite a big challenge to you know call the sector think they're not only qualifying also in the race as the place was given i'm very pleased and for the championship yeah

it looks like we have another chance at the next race. to the rugby world cup and as expected russia have. the final score was sixty two points to twelve in russia or the irish week training top spot in pool c. as much of our reports russia were on the end of a rugby lesson from ireland and after about when it's enough to provide all the irish back to the top of pool c. or russia of a world their own worst enemies are times as they allowed the arash to run in some very simple tries especially in a five minute period just before half time break we just like experience of big tournament's like these you just get tired at some point and lose your focus which results in mistakes it's as simple as that of this much had been the third quickest so i answered rather well card the international stadium in the old rule was a sea of green with around half a crowd supporting the arash while one on top going into the half time break but

russia showed great enterprise of the ball in hand which is 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 worked through but slowly our team moved and did the simple clear which is scored on his debut our attacking strategy and the combinations we've been practicing for the game everything worked for two tries we scored proved that the team did their best 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 say get out of the game most notably the scrum or this was an area where they were found wanting against italy but passport five days and they more than held their own it's a very very strong irish back. the way we played really surprised me he did pushes back in some of the scrums you. also held a ground at times and it yielded results including one try will called united held firm as one man of a still

a massive learning curve for the russians but remember this is the bear's first ever world cup but they played some fantastic rugby with the ball in hand there are more than justifying their place with the best from around the globe i hope we're proving our class with each game we play itself first world cup after all and more experienced teams have lost per similar score to the one we did today and when you to the game but to really show some promise players will have a very well deserved break on monday and after that it will be a back to training pitch as they prepare for their final match of the tournament against australia richard dancy router or new zealand. well that game was washed back in moscow by russia's sports minister told him not to go down to the top official preys on the bears and he says are a source of inspiration back home but when you buy your way it is a team sport and we will always support those they strengthen the spirit and teach people to work as a team a great number of young men and women stars are plain sports that way i want to

wish good luck on team as they conclude the tournament i watched the game with ireland today and they feel like alliance let me say again that they don't have much experience but on the whole they are very sense why what a way to trained and played and i would like to wish russian rugby good luck in a future. well in the meantime argentina edged scotland thirteen twelve to go second behind england in group they are a nail biter running to the side who are neck and neck this world cup goals from jackson and down parks put the scots twelve six up the less than ten minutes ago but the argentinians other ideas to stand size another singer with an amazing rate run rush a conversion live in the paper pony it came as a one point lead parts then missed what could have been a lifesaving drop and that in twelve was how it stayed stuck and now have to beat england next saturday have a chance reaching the quarter finals. robinson was that was

a bit extra to. the spirit of the side here i thought it was. a really good performance but it's about being able to finish change off and carry on the best to women. in the world and you've got to be able to finish. a side like argentina offers a very good at staying in the game and celebrate a world semi game today. and sunday's other game samoa beats the twenty seven points to seventy a second inquiry by south africa. finally after essex and patrick macao of kenya has beaten the world record held by the great highly got recently asked me to retain the men's marson sized in berlin the twenty six year old finished in a time of two hours three minutes and thirty eight seconds twenty one seconds off the record set by god was the last thing on the same course three years ago this time around the city open legend has retired after thirty five kilometers on the

fourth and for the it's a race chest pains. meanwhile running easy as turned out of bed numbers here in moscow to promote healthier lifestyles by taking part in an i was at national cross country event a sporting festival in the capital as part of a day of running across russia with an estimated one million adults and children taking a run in the park on the events and from others three. and that's all i can. m

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m. m m m . more news today violence is once again flared up. these are the images the horror.