summary for another update in about fifty minutes from now the meantime the russian president will be at the g twenty summit taking place this week in france and artie's sophie shevardnadze has been speaking to his aide arkady the vote to vote on what russia is planning to achieve there and that interviews coming up next here on r.t. . i've got to go to college thank you very much for being with us today so the global economy is in a pretty bad shape and especially the eurozone regardless the last e.u. summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly. issues related to the possibility here or for supporting sustainable growth will be in the center of the discussion which

confirms the last time and. more technical nature real more way from the tensions that you just can't ask for example last year's g twenty summit was worth something that one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summit suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption any of this been implemented. conducted assignments so it's cheaper and cheaper from time to time and money being spent in a more efficient way than before secondly. the important to understand the while during this time it's more specific decisions are being made. accordingly tional

for policies conducted by national governments are important result this kind before direct dialogue and. we could face much more difficult consequence of the financial turmoil to happen. a thousand take but what are you guys deciding on this summits and g. twenty that you can't decide of the phone when leaders look to the ice or for each other final outcome is much more efficient in your phone conversations are too formal for those kinds of decisions especially given the differences. in the traditions of use of various nations let's take united states and china phone conversations remote help they need to talk to each other directly to reach some kind of compromise where bush like in your opinion what would you say so far

has been the biggest achievement concrete achievement of g. twenty in europe are i would say that. just trying to play a portion crawl for the decision. making process so cumbersome in europe now that if you are mistaken one could argue with it's a good decision or a bad decision will be sufficient not to dissolve the crisis in europe but the result of the twenty year pressure would be not easy but we're still like left with faced with fundamental problems in the global economy with the u.s. debt the eurozone crisis or the euro crisis we still had the lack of global financial oversight what do this factor leave us with i mean are we headed for a recession or a second round of recession there is a commitment from all different countries to cut budget deficits where budget deficits are high and we expect to all countries to follow suit to implement

or to commit us. to do. this will help to achieve the degree of fiscal consolidation needed to call the markets and. start so the new cycle of growth second three was clear and this. thing of the. stronger financial oversight of needed some progress in the creation of new banking standards our position is that the pace of the force is sufficient we should not go too fast since if you reduce tougher to greater standards for financial institutions now this bill her for a negative impact on growth so i see or have good chances to prevent another recession where does russia stand in all of this class russia is interested in global stability and this is why the russian president is participating in trying to sense he makes his contribution here stance we're just trying to

position russia. for him called the commitments we made before. that you still read him or that one of the lowest levels of the way the recover from the recession hurt them to solve and to solve and have four percent growth this year or just. according to all international benchmarks we are in a good position but what i'm interested in is. the really bad shape of the united states economy the really bad shape of the european crisis is it going to affect us or any global on terminus a similar effect russia if it's clear the question is whether the service will be a war more there and second whether russia is prepared to face the challenges that we do have for the source we do have a strong storm lasted us markets we do believe that we will not face the same kind

of crisis that we're at themselves and but do you agree for instance with president obama when he calls for the whole world to stand united by the u.s. economy it's a bit of a selfish call it is a selfish call. clear the mr critical considerations same time our us economy is to the biggest economy and. negative he went right. to affect the global economy from. the negative way. but i would. reassert by things that we should all support the trouble. with time a curious should do its own work as well to reduce budget deficit and debt also at the open rift between sarkozy and cameron confirms one more time how divided the european nations really are are the decisions that are taking at that have been taken at the e.u. summit enough to prevent this spread of the euro zone crisis let's hope that the

european decisions are sufficient to prevent the spread of the crisis our amounts of money you know tarp would be. but. the effect is conditional on not what national grounds. it's a second step especially the greek government people in spain portable parliament or some other countries with qantas need to continue to undertake mirrors to stimulation public francis into banks as well but if you like that the time has come where when russia is actually in a position to advise its former mentors to be real that you have. sufficiently good results to. advice if the advice is requested and also to contribute to the stability.

or financial resources we. need in the european package why the international mind that forms this white become all sort of money that could be used in different way otherwise are we ready to lend financial support. to the european union like china for instance we were not requested to provide any direct financial support that would do it but we will participate why the international monetary fund if we are requested to provide direct financial support we'll consider this and we'll consider the most efficient ways to do so what about the bric countries a lot of people look up to them as like the last drop of hope what should they do to maintain global financial stability all greek contra's. on trying to provide for highest growth rates possible consequences in achieving quite growth rates the key words are global financial stability chinese

doing what brazil doing russia. thinks very important for global economy right now and the share of brics countries quite big in the global g.d.p. . in the direction of the gross become for school due to the higher risks in the global economy occupy wall street i know that you guys are used to having protests wherever you go whether it's people who are against globalization or environmentalists but occupy wall street have promised this time to two states protesting can do you think maybe after all these people have a point i mean introducing one person tax or financial transactions and currency trade that's actually enough money to finance most social and environmental that is in the world i think that people who. go to the streets to send

a signal to the government's point and. the point is that all things that the government should be doing should be related to the people's needs. one example in russia is the creation of international financial. the mosque or some people believe that the just that your brain creates and. it is known for banks and other financial institutions to florida but did not. build our financial center in such a way that people real. financial center rose and wall street should be our financial center in such a way that it will help people to get. good services cheaper services. to her for a more convenient life in general. as far as a tax and financial transaction is concerned i think current congress can decide on

their own with introduce such a tax or not we believe that russia would go for. enough taxes for all kinds of taxes and those stocks are sufficient to finance. all social programs if collected properly and used properly so we don't need to know other tax. in russia we believe that this tax will hurt the economy but in some other countries so be and believe that this kind of trust might be useful why not are going to wear shoes g twenty shared by an aide to the russian president thank you very much thank you. for sure is that so much. more strategic so does

the rest of the world to meet your success we hold the first election of the arab spring with it islamic party. a very warm welcome to you this is your news today protesters on the. streets they are. lee's intensely to try to get the status of the human experiment is exploding with. business rap music or to expose the military trying to make sense of global economy and it's all came things as financial tips. to maintain our confidence in markets and. wants to be seen trade imbalances recession look even the nation's close to collapsing in such close places. to fail switchblade banks again feel like think is

the us crashing seven and smashed the ceiling. in the closet and the i.m.f. spokespeople just programs increase the total economy. we'll. bring you the latest in science and technology from the realm plus. we've got the future covered. top story is this. breaking news on r t a jury in new york convicts russian businessman vic to trying to sell weapons to colombian terrorists and the sentence

will be announced later and he faces anything from twenty five years to life in jail from results of the investigation into september's plane crash that killed a russian hockey team named pilot error is the cause and speak of traces of a strong sedative in the co-pilot's blood. which will blow wounded by a verdict the high court in london rules that we can expand the should be tried in sweden over controversial sex crime allegations. reporting this hour sense of disillusionment dominates of protests ahead of the g. twenty summit in cannes as world leaders gather to contain the global financial mayhem and the greek announcement of a referendum on the euro zone's rescue deal has only fueled the flames. now you're updated for this hour but not with the sports news so now let's turn to dimitri next on r.t. . hello

they're welcome to do sports. it's very good to have a company again this is coming up in the program. search for a second straight picture of a turkish side tribes sport in champions league group b. . plus take a step closer to the knockout stages following an era when pregnant outfits shocked or donetsk. than czech tennis stars the chances of beating russia in this weekend's fed cup final. are gunning to claim the second group b. victory in the champions league on wednesday night the men have travelled to turkish side jobs and sport when they beat three nil in the russian capital last month the men of the moment say didn't they are now to double in that match and therefore in striker has since bagged two consecutive had tricked domestically and

jobs of both seats or four points in group b. two behind inter milan. in the other game in the group this evening leaders. and zero three talents have been in terrible form in their domestic league with five defeats in one games but will look to get their second weigh in in two weeks over the french one zero victory last time out will be desperately seeking for their first win in the champions league campaign. much the city boss roberto mancini has offered to strike a car is a way back into the side ahead of city's champs league clash with villa raul mansion is said to have is just needs to apologize to him and the players for recent events in munich the striker is said to have refused to come out and play against biron in september. plateful citizens thirteen group behind by and and one behind because as i said all the being in the life

everyone may mistake as important to say apologize in every situation and this is the crucial wards is easy was. now also real madrid are the only team in the competition and yet can see their girl in group and their win against leone in france tonight would say about through to the next round just amarin is men fancying their chances having bits in their old for. two weeks ago. so it. will be on will certainly come out in full attack mode they'll be motivated and i expect them to be the more aggressive side it's not necessarily a do or die murchu early on but they'll be better placed in the group good when they're always motivated against us so we have to be careful as we can expect a physical encounter. in the meantime known footballers understand they still have a chance to finish second in the group their current level on points with dutch

outfit i outs mission tonight looks almost impossible even if they intend to share points with the spanish giants but even if they lose they could hope that direct travels would misfire in the clash with. the damaged if. we don't approach a match to go into loose for new especially when we lost the first encounter but the scoreline then everyone could see the trio were very much in form before the match and said we are very balanced side with strong attack and defense perhaps were not in the form of state of mind as in our previous meeting so we'll see what happens out. russian champ boosted their chances of qualifying for the knockout stages a narrow one zero victory against shakhtar donetsk in st petersburg last night keeps them in second place in group g. belgium defender nicolas lambert's with their only goal there at the end of the first half is in its second victory of the campaign and their points behind the

sensational latest. quarter to want to remember they talked to progress in its remaining fixtures will see them. to find a way trip to portugal. in other news three top pakistani cricketers are facing possible jail sentences after being convicted of fixing mohammad asif seen here and former captain solomon bots were found guilty at a court in london another bowler nineteen year old mohammad and they admit the charges before the trial began in return for money all three plot to deliberately bowl no balls at certain times during a test match against england at lord's last summer they will be sentenced by a charge to morrow and could face seven years' imprisonment this so-called sport fixing scam was exposed by a british tabloid newspaper and the international cricket council says it hopes the verdicts will deter others from corruption. of course we know did the job's is yet

to determine the approved sinden who each of the deeply is so i do not comment further in that regard but i do hope that this is seen as the. individual who might who would it would ease of to do engage in good objectivity with no support. but switch to tennis now and this weekend's fed cup final between russia and the czech republic the czechs are led by wimbledon champ and better fit of has also just won the double championships but despite that they still consider themselves to be the underdogs for the tie in moscow where russia haven't lost for eight years richard vanpool flew talked with the czechs double star. it's definitely a great gift and i think all the players which are nominated very happy that they will play here will try their best to maybe make it impossible possible i mean we

have a great playoffs we have really good singles players and i mean also our strong as well and so we're looking forward to it so we want all push to make everything in the world would weaken to. be fantastic for everybody for the commentary and. looking forward to it how much better be going to the czech republic about the fed cup talk oh i can i can imagine as going it's crazy for sure but i can't really tell because i wasn't there for a long time now but that's what i can read and i mean everybody is excited and preparing everything for the trip here and i hope we all get prepared we will have a good week for sure. but treatable. but you think you'll be going into. two

thousand and three i do think so we are the underdogs but i said that we have a strong team so. we bring. hopefully we have a nice game. because a lot of times in the team but do you think it's ministering do you think it will to never give up i mean what is biggest strength. oh i think the team you know the spirit of the team it's it's really nice is a boss years. we had really great relations. yeah i mean. if we play and the team i mean that's all what it. really supporting each other pretty well and. that everybody's making. point. despite a disappointing run of results russia's first formula one move it will at least and

this season on a high note the. driver becomes the first eastern european to compete in the twenty eleven rates of champions in germany and joins a star studded field that comprises three f one champions including the current one red bull sebastian vettel. and jenson button are also expected to compete there the race will take place and for the third and fourth of december is currently a knife in f one drivers championship after coming third in the opening melbourne grand prix. fresh from claiming golf's biggest prize of two million dollars rory mcilroy wants to continue his winning ways in shanghai the in-form northern irishman needs more prize money to try and catch top ranked luke donald in the race to dubai donal pulled out of the champions event in china opting to stay round his wife diane who is about to give birth to their second child and his absence opens the door for world number three market open champ at the invitation of shanghai and

masters last week but that event was not sanctioned bought in a major in money did not count and michael row looks to cut the gap onto an old lead seen by almost two million dollars in the european money list has already secured the top earners title on the p.g.a. but michael roy. has enough events to deny the englishman and historic catch up. the most important thing for me at the minute is just to concentrate on my goals and make that the primary focus which it always has been. you know that i've got a good one coming up to the end of the season of you this is a big week you're looking forward to playing with in the world cup and then on you know hong kong in dubai look forward to it again to try and you know to come into looks lead so. this is concentrated on unfinished and finishing this year off really well. let's finish on a california beach where legend kelly slater is just

a whisker away from my record eleventh world title the thirty nine year old american progress for one more heat in san francisco it's the penultimate stop on the eleventh leg well to. claim to victory on monday to all but retain his crown the pressure's on hand to shop east title defense certainly knows how to deal with it. you know tend for whatever reason they're oppressive number of people you know it's two digits it's you know it signifies something there and. you know. it's it's fine not to have. it or whatever but there's no i don't really know i mean i hear people say that to me every day so i don't know what it's like for other people's perspectives but to me it seems like every stock you're about to meet. well that's all from a sports desk now whether it's next thanks for watching us goodbye.

well. you believe in science and technology from. the future covered.

in some petersburg he's available in hotels for a story an. ambassador. to kowtow to triple a sotto a tricycle toto golden. gate. in a sea of qantas if you visit. a new york jury convicts russian businessmen big to boot trying to sell weapons to

colombian terrorists but he'll have to wait until february to see if he faces a life sentence as our breaking news this hour on r.t. . other news this hour a sense of disillusionment dominates the protests ahead of the g. twenty summit in cannes as world leaders gather to contain the global financial mayhem and the greek announcement of a referendum on the euro zone's rescue deal is only fueled the flames. wiki leaks julian now songs kids that his appeal against extradition has been rejected so he comes out on to the steps of the high court to criticise the european arrest warrants. international news and comment live from moscow with you twenty four hours a day in first breaking news this hour russian businessman vic to boot has been found guilty of illegally trafficking arms to tell.