this is all she's weekly review on days or top stories. told children trigger and the president made a very fun prime minister preaching good song gentle mother between twelve presidential election pledging that tondo will continue to work for. the emotions running high as palestinians bid for statehood adding rand would standing ovations in new york but clashes at the would let in the west. also finish priest is speaking out against the chechen terrorists and website finds himself the front town disgraced with his plight ignored by the mainstream media.

three to four days inevitable andi's top officials now it's leaked reports reveal the recession could go even the gym for about it. and stay on the subject of the economy he spoke to russia's finest minutes studies say could ring to discuss the country's plans for weathering future financial storms. and always say advance the commies are about to plunge into another recession the debt crisis in europe is threatening to a lot more countries it's not clear how the u.s. is going to pay off their gigantic bed and was 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 think we do thank you very much for joining me on a sailing into which i know the prime minister was and said russia has sustained the head of the crisis and 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 there and other measures but here we see a new wave of problems in the world economy probably another global crisis around the corner cannot russia withstand it using the same methods or do the methods have to change the way. the new wave is not yet called a crisis there are some manifestations of a crisis john however most economists are 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're expecting higher growth rates in russia as western experts predict to. rate of about three to four

percent is not. and we're 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 a more pessimistic scenario though but not found lists tend to think there won't be a second wave of such a scale under these conditions we still have to remain vigilant and must be ready in case of the worst scenario to apply the same methods we still have considerable reserves although smaller but as a whole and of 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 it be longer than necessary we have to adjust our policy so far all is not being barred. when we have elections coming up in russia and said we're going to stay in the government if we forums are carried out what we're talking about and what we formed and we expect if needed a way to get out of 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 of a helps promoting reforms quite different are not only and government concerning reforms it's first and foremost about restructuring ranging from the pension system privatization expanding competition in our economy regulating the tariffs and 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 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 and stability as well as more monitoring of private deposits. such reforms need to be hurried out pension reform as i mentioned is a priority and 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 quality expected we may not always do this properly all these sectors such all more benefits get better education and medical treatment avoiding better services as a result of such reforms consequently it's necessary that the need for such new services does not mean more taxes there should be a proper balance. let's talk about the debt crisis that advanced economy space now russia keeps a big part of our savings in foreign bonds but nevertheless russia has well pointedly cut in half its investment in the u.s. treasury bonds there are concerns that that's right and they'll give up all of that . is you know we've checked has information that appeared in the press that's not complete and accurate risk based on the question of several market players as of now we are not decreasing our exposure to u.s. security it's around forty five percent of all observers are kept in gaza

obligations u.s. bonds 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 us that there are enough of those papers on the markets they have high market liquidity and we 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 of the u.s. government take steps to consolidate its budget and cut spending then its 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 can raise taxes or cut spending but over the years we would like to see the u.s. deficit shrink over several years. most of the debt crisis in europe is threatening italy spain portugal do you think europe will be able to withstand the severe financial crisis without letting the eurozone collapse and in

what way could a pencil belfour all over europe factor russia. european powers have enough resources to save brits so we are hoping they will show the will to do that and i bought stock the spread of this contagion nonetheless these risks remain we've discussed those here at the g twenty summit another meeting 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 the come due it's the same time if the debt crisis do spread it does not affect us too much of these directly because our banks do not hold any of the return of 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 pints problems with these clients had some overall problems on these markets because banks are after all the leading players on this and tron may affect an old underscored of circumstance in

france and. i want to stress that we will respond just like during the latest crisis but this time the crisis will have a much smaller fact. because recently there were heated debates are in the media about the possibility that the world's leading emerging economies the brics nations that is brazil russia india china and south africa could throw a lifeline to europe by possibly buying their debt lots russia already has forty five percent of its reserves in euro dominated assets can it actually afford buying more of europe's debt gods. or deserves and slowly growing we are buying something. in addition all the time 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 the current tease for the euro zone and in this case we are not taking the risk on the bar countries because we invest in the euro zone countries as a whole mechanism will allow us to mobilize all resources we are ready to participate recently 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. open supporting those countries so we can provide resources to not enough real instruments the i.m.f. from the european financial stability facility it's profitable for us it's impressment of our finances. i was listening to robert there weeks speech with the head of the world bank and he was he was talking about how the world must change especially about the park was in the attitude of it is the colonies towards emerging economies and this is how it put it i want to break this figure he said when countries with large scale deficits preach let's call this

a plane for the poor countries what are they really saying do what i say not what i do when countries pay homage to free trade and hold back without ripping countries with barriers what are they really saying the 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. was doing western countries are vital has become so not outdated has 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. well upon part from this does not let them emerge from crisis and their consumption is not substantiated with real economic results as consumption is piling 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 cure predict from the economic point of view of this printing of money and supporting an artificial demand would help kick start the engine of the western economy so far this is not yet happened after all what the federal reserve system has done now we can see the situation has become worse as those measures have not been enough 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 based 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 world prices you said the expected or price this. is sixty dollars a barrel in three or four years from now to be able to withstand such

a barrel oil prices and it was. usually 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 and should. thank you very much. thank you. for sure is that so much of a very good. maybe about a player yeah but there is a time for me capitalism as we know it today should the world still rely on markets to generate wealth when the rich only get richer.

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cultures and streets now in the palm of your. lead help the ministry get urgent need to get it from prime minister krishna good small job center the pointed out presidential election pledging that that will continue. to lead the motions of running high and understandably paid something the last twelve start with funding evasion in the uk market at the moment i'm less violence from also finished brief speaking out against the chechen terrorists website hyphen self-control and disgrace to explain and know that i. am going to hold a national land a top officials minute and eight points are going to make sessions about even deeper than. the headlines up next eight sports news or killed.

and i thank you for joining me for this course of the headlines on the rise spartak moscow with four to a class about to go forth while the low wall still missed the chance of a second on a busy day in the russian premier league. while on the song in saying sebastian got paul wins the crash later singapore grand prix moved to the brink of retaining his well championship title. as moles davy jones russia suffered a third straight defeat at the rugby world cup popularity sixty two twelve two islanders. with first of all in spots at moscow have gone fourth in the table after winning four two a closet are on an action packed sunday in the russian premier league summit

signing emmanuel and many cup opened for the visitors in nigeria strike not make this about gold from the god of. the school his third gold in this many games and just five minutes later from super double delayed to sparta the former russian under twenty one forward the spurs to the rebound after scrapping corner however it took the home side only a minute to pull a goal back it in tributes was left caringly unmarked in the spotlight go last and finished in the form but still in the first term of ireland's infielder bang it is a restored the right wants to go advantage of the americans death to cross three one spots like tributes him completed his brace across no doubt blasting him a left footed shot soon after the restarts but it's that ray of hope we seem did for the hosts after the meat recount battle but in the penalty in place through the second half and forty in moscow somebody finished. elsewhere

a thirtieth minute goal by last seen a try or it was the difference as done a trust. edge to bottom side spotlight now take one mil the ivorian giant striker scoring from that side because if the visitors their sixth win seven games. slips to their fourth consecutive defeat. and elsewhere one one millet i'm caught in a bottom half crash but this does have the mind you know young off sent off after the teenage midfielder picked up a yellow card either side of the interval second round ball but kept in very much a down off immediately scored to give the stuff what proved to be the winner. fernandez also fails to reclaim second spot after losing one nil in a rain drenched and transporting clear set of the day want to link up opened for the home side after eleven minutes before the plant like a straight first half read for dinner.

like a mighty good stretch their unbeaten run under a new coach goes a coup serotta fourteen games despite being held one one time to reveal in spanish midfielder both us up with that netted his first goal in the russian top flight luckily in front seven minutes after the break but judge on levels right through the second half. while i saw things in each made sure they stayed two points clear at the top with a comprehensive for a win and a tone that defies eliminated only four minutes to open and twenty minutes later the chip off of me gets to know the repercussions his past. lives and because of golf made it three no 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 china sweaty side of his hotel in the champions league on wednesday. well this girl also had a confidence boost step ahead of their showdown and two into milan after beating

ten one vulgar three one seed open for the army men after just six minutes by law that managed to equalise shortly afterwards through that b.b. last however they were reduced in numbers just after the interval i get a good you have sent off for a second looking to start at full advantage and as i go ever making it to one of the sixty eight minutes. heavy machine which netted from the spot late on the three one the final school disco they were in second. well over each of dunn's injury time goals gave queens park rangers a late one one draw at home to aston villa barry bannan house but the visitors ahead from the penalty spot after fifty eight minutes then rangers had thomas try your sent off in stoppage time but they rest in detroit has done and luckily through his own net that remain unbeaten in eight p.p.r. and nights. in formula one red bull sebastian vettel primed his nineteenth career victory in an incident packed singapore grand prix to move to the brink of

retaining his world title well one thousand lewis hamilton had to recover from a drive through penalty to finish fifth the britain was punished for running into flow is the paymaster it has since long townsend's ridden his race and seven time world champion michael schumacher emerged unscathed after a spectacular crash. vessel's 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 if jenson button who finished second has if it was mark webber ferrari's fernando alonso this false vettel is now one hundred twenty four points ahead of button with only one hundred twenty five still available this season he has finished second in every race except his native germany sports. who are in a comfortable position for most of the road. which is pretty handy around here because it's quite a big challenge to you know put the check the figure there not only qualifying also

in the race as a separate place was good and i'm very pleased and for the championship yeah it looks like we have another chance of the next breath. out of there at the world cup and as expected russia has been happy beaten by ireland the final score sixty two points to twelve the irish week claiming top spot in pool c. as much of them profit reports russia were on the end of a rugby lesson from ireland and after about when it's enough to propel the r. issue back to the top of pool see what russia they were their own worst enemies at times as they allowed the irish 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 slick these you just get tired at some point and lose your focus which results in mistakes it's as simple as that obvious much have been referred quickest silence of rugby world card i mean international stadium in the overall it was a sea of green but around hard the crowds all of the irish weiland were on todd

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 worked through. and very simple clear which is scored on his debut. taking 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 assure that we can keep up with the peace while russia will 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 the scrum of this was an area where they were found wanting against eataly but fast forward five days and a more than held their own gets a very very strong irish back. the way we've played really surprised me they did pushes back in some of the scrums you. also held are grounded times and it used results including one try to ask graham's will called united we 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 they played some fantastic rugby with a ball in hand or a war but just to find 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 a similar score to the one we did today and when you to the game but to really show some promise that russia's players will have a very well deserved break on monday and i thought i had little back to the training pitch as they prepare for their final much of a tournament against australia. meet r.t. router or new zealand. well that game was watched back in moscow by russia's sports minister telling up her fans the top official heaped praise on the best and he says our source of inspiration. for you by your forward is a team sport and we will always support that is the strength in the spirit and teach people to work as a team and

a great number of young men and women start to play in sports that way and i want to wish good luck too on seem as they conclude the tournament i watched the game with ireland today and they feel like lions let me say again that they don't have much experience but on the whole they're very satisfied with the way they trained and played and i would like to wish russian rugby good luck in the future go well in the meantime argentina edged scotland thirteen twelve to go second behind england they are a nail biter wellington sides were neck and neck muscle couples from the right taxes on down parts put the scots twelve six up the less than ten minutes ago but the argentinians have other ideas because size another singer with an amazing late run rush version i frequent the pony basically missed the one point lead but then missed what could have been a lifesaving drop there and twelve that's how it states auckland now have to beat

england next saturday at the trans reaching the quarter finals and robinson liars is a bit extra to. the spirit of the side ok i thought it was. a really good performance but it's about being able to finish change off and carry you know in the best tournament. in the world and you've got to be able to finish. a side like argentina off because they're very good at staying in the game and. they do world stand my ground today. and sunday's other game somehow a bit fiji twenty seven points to seventy second in quick behind south africa. finally after six and patrick macao of kenya has beaten the world record held by the great haile gebrselassie to retain the men's marzan title in berlin and twenty six year old finished in a time of two hours three minutes and thirty eight seconds shape twenty one seconds off the record set by that is the last thing on the same course three years ago

this time around the city open legend prince retired after thirty five kilometers off the fourteenth for the three to race and to chest pains. meanwhile running q.c.'s turned out of bed numbers here in moscow to promote healthy lifestyles i taking pass and i was at national last country event the sporting festival of 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 tenth anniversary. and that's all sports news i think. wealthy british style it's time to. go to. the. market.

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