and again this is archie and these are the week's top stories to present to that about as the speculation about russia's stock drawn by proposing prime minister vladimir putin to run for office and the trying to twelve elections that if in turn promises to continue his modernization of gender as prime minister if he successfully leaves the united russia party to victory in parliamentary elections in december. he lets you know and beautiful statehood is launched with the united nations welcomed with standing ovations at the general assembly in new york violent clashes with israeli forces at the border it was designed. also finished priest is

speaking out against the chechen terrorist website finds himself defrocked and just raised with his client ignored by the mainstream media. on a greek default is inevitable and do you top officials know it leaked reports reveal the recession could go even deeper than the edge and. staying on the subject of the economy also he spoke to russia's finance minister i would say could try and 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 debt 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 syria. hello 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 the word and it had been before the crisis we know very well they deserve credit for russia actually being able to withstand a very severe financial crisis from several years ago we are talking about the stabilization 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. so that the new wave is not just called a crisis there are some of the stations of a crisis or a harbinger or however most economists think there will not be a new recession but still rates of development for a lengthy period of several years or perhaps even decades this will certainly have an impact on the market for all goods. 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. real not expecting a fall in the economy like it was in two thousand and nine and the g.d.p. literally fell by five point nine percent. there is a more pessimistic scenario. to think i won't be a second wave of such a scheme. under these conditions we still have to remain vigilant and must be ready in case of the worst and i. to apply the same methods we still have considerable reserves although smaller but as a whole and not like we needed last time. if this is 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 on has not been barred. we have elections coming up in russia and said we're going to stay in the government if we forums are carried out what are you talking about and what we for and when we

expect it with me with it it becomes the next prime minister. it was because i'd like to say my future is not yet known i said i was ready to work in any capacity if it helps promoting reforms 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 and so on and 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 communal so it was 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 of an answer sector needs more transparency instability as well as more monitoring of private deposits. such reforms need to be carried outs 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 in all these sectors that show more benefits 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 and should be proper balance. let's talk about the debt crisis that advanced that highly space that russia keeps a big part of it our savings pour in bonds but nevertheless russia has reportedly cut in half if there were betterment in the u.s. treasury bonds are there concerns that it's like an ounce of pot odds that. you know we've checked has information that appeared in the press and that's not

complete and accurate. 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 our reserves are kept in those obligations u.s. bonds at the moment are the most secure in the markets and we're not afraid to invest in them and yes their prices may fluctuate but there are normally crist's in investing in us that there are enough of those papers on the markets they have high market liquidity and we are assured of the capability of the u.s. to pay for its obligations in years to come so we are not worried i think of the u.s. government take steps to consolidate its or didn't cut spending and instability would arise 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 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 the severe financial crisis without letting the eurozone collapse and in what way could a pencil gallop thought of europe back to russia. years. pm powers have enough resources to save greece and so we are hoping they will show the will to do that and by god stop the spread of this contagion nonetheless these risks remain we've discussed those here at the g twenty summits and i need some of the i.m.f. board of governors i 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 to spread it is not a factor is 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 corns on their hands and would not be periods this will cause

problems within these banks problems with these kinds of credit some overall problems on these markets because banks are after all the leading players and this in turn may have strict rules understood of circumstance of the threats and. i would like to stress that we will respond just like during the latest crisis but this time the crisis we have are not small in fact. just recently there were heated debates are in the media about the possibility that the world's leading the 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 not russia or already has forty five percent of its reserves in euro denominated assets can it actually afford buying more of europe's debt bonds with commercials that's all it serves and slowly growing we are buying something in addition all the. well in this case

we're not going to buy bonds of risky country it's mostly we're going to invest in the bonds of the european union the european financial stability facility for 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 mechanism will allow us to mobilize all of the sources we are ready to participate basically it's an announcement of our investment instruments and it's quite secure we are 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 seemed last month of our finances. i was listening to robert there weeks speech recently the head of the bank and he was he was talking about how the world must change especially about the hypocrisy in the attitude of the hollies towards emerging

economies and this is how we put it i want to read this figure is said when countries with large 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 homage to a free trade and hold back the bella ping countries with barriers what are they really say do 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 led to the kind of the crisis that the best economy is based now that threatens to affect everyone else. the way western countries are vital has become somewhat 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 development pattern. this does not let them emerge from crisis and their consumption is not substantiated with

really canonic results as 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 on the economic point of view if there's 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 own 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 this on just how terms so be changed it's this pattern that led to the crisis as a matter of fact. while everyone knows that russia's economy very much dependent on oil prices they're said to expect it or prices to sixty dollars

a barrel in through april four years from now to be able to withstand such a barrel for oil prices and wish it was true news of what. we expect as fall will certainly cause a decrease in our economic growth down to near zero or below zero but in terms of the budget policy will 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. thank you. will go to the for the weapons grade plutonium is turned into

a vital new recent nuclear waste becomes a fuel friendly to the environment and energy outposts a muffin tins of the earth russian scientists lead the way in making these innovations a reality imagine a future free from fears of nuclear bunker lives the peaceful revolution it's homage energy phone technology obviously we've got the future covered. the. oceans would be soon which brightened if you knew about someone from finest

impressions. please for instance on t.v. don't come. closer is that so much we're going to make a lot of people a very unfair look at is it time to rethink capitalism as we know it today should the world still rely on markets to generate wealth when the rich only get richer and. wealthy british style. is not on balance. the. markets finance scant. wanna know what's really happening to the global economy is a report on our. mission. critical issue free in-store chargers three. three. three. two

three. zero three volunteers in videos for your media drug free meal gone to argy dog tom. president vet of the speculation about roger stone drum but posing prime minister vladimir putin to run for office in the trench club elections and that if instead promises to continue his modernization agenda as prime minister and his successor leaves the united russia party is a victory on introductions and dissent. a palestinian bid for statehood is launched with the united nations welcomed with standing ovations at the general assembly in new york but flood of clashes with israeli forces at the border in the west bank and also finished praised the speaking out against the chechen terrorists website finds himself a defrocked and just grazed with his light ignored by the mainstream media. and greek default is inevitable and do you top officials know it's true false revealed

a recession could go even deeper than sunday. as the headlines up next state sponsored news with kate. i don't think you can join me for the sports and the headlines. on the rise spartak moscow win or to a class and also go forth while the round i was still missed the chance to go second on the busy day in the russian premier league. while on the song in saying sebastian vettel wins the crash laden singapore grand prix to the brink of retaining his wealth championship title. as malls debutantes russia suffered their third straight defeat at the rugby world cup after losing sixty two twelve to ireland. the first of all well in spartak moscow have gone fourth in the table

after winning four to a closet are on an action packed sunday in the russian premier league summer signing emmanuel and many cup opened for the visitors in nigeria sky can not make her first class that i am going to let them go to go on the. school his third goal in this many games and just five minutes later our chance to get double the lead for spacek the former russian under twenty one forward was first to the rebound after a scrappy corner however it took the home side only a minute to pull a goal back initially but it's in his left caringly are not in the spotlight going last and finished in the plum but still in the first term of holland and field again it is a restored the red wants to go advantage for the americans deaf to cross through in spots like tributes him completed his brace across an adult blasting home a net footage shot soon after the restarts but that ray of hope seem dimmed for the hosts after the great recount battle where to the penalty in prices the second half

and for two in moscow sided finished. well elsewhere a thirtieth minute goal guy last seen a try or it was the difference as down to trust. edge to bottom side spotlight now take one mil the ivorian giant striker scoring from outside the box to give the visitors their sixth win seven games are now chick slips to their fourth consecutive defeat. and elsewhere in the rust off one one miller time caught in a bottom half clash the business had to remind you of a young off sent off after the teenage midfielder picked up a yellow card either side of the interval second round ball but not in front of them off immediately scored again for stuff that proved to be the winner. and mandela also fails to reclaim second sponsor after losing one nil in a rain drenched transcribing clear so that after the break twenty lanka opened for the home side after eleven minutes before letting the plan that's like a straight first off read for dinner.

like a mighty good stretch their unbeaten run under new coach jones a conservative fourteen games despite being held one long time to regain spanish midfielder. netted his first goal in the russian top flight but luckily in front seven minutes after the break but judge and levelled midway through the second half . while i saw things in each major of a stage two points clear at the top with a comprehensive four nil win from to turn it defies eliminated only thought minutes to open and twenty minutes later the chocolate made it to know the political question is was pass. an exam because your golf made it through email just before half time. and 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 chinese for leckie side composed in the champions league on

wednesday. well there's got also had a confidence booster ahead of their showdown with them too into milan after beating ten one vulgar three one seed open for the army men after just six minutes of all that money to equalize shortly afterwards through tripped up the bill off however they were reduced in numbers just after the interval when you know it again here for sent off for a second looking at a set of full advantage and so i go ever making it to one of the sixty eight minutes. after the show a bitch netted from the spot late on the three one the final school disco they went 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 after fifty eight minutes then rangers had on once try your sense up in stoppage time but they rested a point is done and luckily the three has a net that remain unbeaten in eight p.r.

and nights. in formula one red bull's sebastian vettel played his nineteenth career victory in an incident act singapore grand prix to move to the brink of retaining his world title well my town's lewis hamilton had to recover from a drive through people to finish fifth the britain was punished for running into fries the famous or it has since slammed hamilton for ruining his race and seven time world champion michael schumacher emerged unscathed after a spectacular crash. vessels 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 to finish second his goals not ferrari's fernando alonso is false the battle is now one hundred twenty four points ahead of button with only one hundred twenty five bailable this season he has finished second in every race except his native germany it is false. when

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 this type of figure there not only qualifying also in the race as the place was golden i'm very pleased and for the championship yeah looks like we have another chance at the next race. we're out of the rugby world cup and as expected russia have beaten by ireland the final score sixty two points to twelve eros area the irish week training top spot in corsi. reports russia were on the end of a rugby lesson from oil and and after about when it's enough to propel the r. issue back to the top of pool or russia they were their own worst enemies at 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 this you just get tired at some point and lose your focus which results in mistakes it's as simple as that. this much had been the first quickest

so ounce of rugby world cup i mean international stadium in the overall it was a sea of green with around half the crowd supporting the irish while and were on top going into the hard 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 our team is unduly simple peerage is scored on his desk debut are attacking strategy and the combinations we've been practicing for the game everything worked to two tries we scored proved that the team give their best substitutions came off including myself we managed to show that we can keep up with the peace but russia will 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 in 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 who. also held a ground at times and it yielded results including one tri bass drums we will coordinate it we held firm as one man but this is 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 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 it's a 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 about it'll be back to the training pitch as they prepare for their final months of the tournament against australia richard dancy router or new zealand. well that game was washed back in moscow by russia's sports minister telling the courier and the top official he'd preys on the bears and he says our source of inspiration back home when you buy your way here is

a team sport and we will always support those they strengthening the spirit and teach people to work as a team a great number of young men and women starts it plain sports that way i want to wish good luck to him on seeing as they conclude the tournament i watched the game with island today and they feel like alliance and 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 a future go well in the meantime argentina edged scotland thirteen twelve to go second behind england after nailbiter. sides were neck in neck and still got calls from a taxi and down parks but the scots trail six up the less than ten minutes ago but the argentinians had other ideas because then dies a mother seeing her with an amazing weight run crash a conversion buy for me because the pony was the pimas the one point lead parts

then missed what could have been a life saving drugs and that in twelve was how it stayed stuck then for now i have to beat england next saturday i have a chance of reaching the point of finals and robinson lives and that is a bit extra to. the spirit of the side you have put 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 and you've got to be able to finish. a side like argentina of because they're very good at staying in the game and suddenly they believe world stand they're going to go. and sunday's other games some other big thing if you twenty seven points to seventy a second inquiry behind south africa. finally attics and patrick macau of kenya has beaten the world record held by the great haile gebrselassie to retain the men's mars and in berlin the twenty six year old finished in a time of two hours three minutes and thirty eight seconds shaved twenty one

seconds off the record set by god was the last thing on the same course three years ago this time around the three eighteen legend has retired after thirty five kilometers on the fourteenth we're going to race chest pains. meanwhile running enthusiastic and doubted then i was here in moscow to promote healthy lifestyles by taking part in an i was at national last 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 the room in the park and the events can find a verse rate. and that's all sports news by fire.

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