markets. want to know what's really happening to the global economy with a much stronger or a no holds barred look at the global financial headlines to cause a report. within the top news and commentary from around the world this is our team live from moscow glad to have you with us. the world's longest subsidy pipeline is set to start pumping russian gas to warm up western europe without relying on transit countries president to get of it is in germany ready to flick the switch to receive supplies later on tuesday and. it is a race for the rescue funds in greece with the prime minister and the leader of the opposition scrambling to form a government with enough power to resolve the crisis the euro zone's given that

could be weeks to sort out making a necessary concept. and as israel threatens a strike on iran and on top of a recent ground invasion of lebanon and gaza its young people are increasingly turning their backs on the army as many have told i.t.v. their country is now too severe for them to enter the service. and ahead of nordstrom's at first deliveries we talked to a man who was behind the ambitious project from the start he is a former german chancellor gerhard schroeder who's now chairman of north stream he tells us why the fuel route is so important all around. gerhard schroder was charles love germany from nineteen ninety eight to two thousand and five he's now chairman of the board at nordstrom's russia's new gas pipeline under the baltic sea and europe is to further why should the e.u. increase its dependence on gazprom its good name i know i end up in

a crowd with one son we're not talking about russia's dependence we're talking about cooperation between russia on the one side and the european union on the other in the energy sector theme of your screen is viewed as a priority project both by russia and the because it's been part of europe's energy networks since two thousand and six recognized by the european parliament and the e.u. council of energy ministers which was and former patient problem meant. that the energy minister to nordstrom pipelines have already been laid what top of the third one will be added and what will be its capacity we haven't yet that we currently have at least two pipelines with a total capacity of fifty five billion cubic meters would be a question of whether a third or even further pipeline will be living that should be answered by european stock holders as you know we have gazprom on the long side and holland's just sunni front is g.d.s. suez and iran and vs if we just have one another if investors decide to build

a third and fourth pipeline privately financed mind you we're not talking about stink finalization via any could be done i don't know whether they will make such a decision as it was not part of my work of. process once all russian energy companies not the problem to be allowed to export gas to europe what are the implications of that for gazprom and europe escape their new. regulator evolution is not the issue which the e.u. germany and the rest of the nations need gas to sensibly reform that energy policy russia on the other hand has to sell gas to keep it budget in order so there's a. co-dependency which is a good thing for g.e. how to be happy to see european companies invest into russia and european markets open up to russian companies it's a good free market economy is good for the marketer what do you think of the recently new grades on gazprom and its partners in europe a think about your p.r. guys i think europeans need gas gas has many use it with

a political uncertainty in north africa it's good to have a stable partner that you can rely on and russia is one of you you know better than anyone else for instance that written recently switched from export to engel europe needs a gas supply to maintain a stable mix of energy sources and it's climatic conditions require them to get in it's no way to get outside and also russia's gas and therefore i think opening the market up to goshen companies would be a wiser more of what's a shorter name so if we do some e.u. officials oppose russia whatever it does get us is fordable with most known i guess it is so we have to admit that i very well i hope we will get over it it's understandable that these european union needs russia geopolitically but the reverse is also true it's not a question but with the time has come to start cooperating and stop looking back at ideological differences yet again. thank you as for the could russia switch supply ethe to china if brussels keeps up its hostility was that it's

a known as it puts your legal minds of wishes in a situation where it could ship gas to china and all of asia and europe i hope russia never has to make a choice of the russian government is evidently pro european agoura cannot keep pushing russia away it hurts russians pride and we have to keep in mind that while russia has the alternative of shipping to asia europe has no such alternative with that and europe's geopolitical position will only improve if it manages to enter a tightly harbor ship with russia and at the same time grant all u.s. session to turkey that would be a sound strategy and into the future of the rest is yesterday's debate unless i'm going to be but haven't guessed that if russia does decide to go east could that mean the shortfall for europe and i guess vickers and if you know that no not happened russia was an exceptionally reliable supplier during soviet times so no one has to worry about that john king would say again that europe whole market is incredibly important for russia to keep its budget balance among other things.

therefore we're not talking about the conduct here or codependency vertigo for that we've heard plans to lay an electricity route alongside the nord stream project could germany and europe in your opinion be interested in importing electricity from russia advise any funds i can click i have heard about such plans i have long since been rumors about it but so far the talk has been detached from reality i doubt the plans will ever be realized but ultimately it's up to the pipelines owners not the chairman of the stockholders committee when a sale would occur because progress in shipping liquefied natural gas. makes europe less dependent on pipelines can that affect this product when describing it does it . i don't think it would have a negative effect on the project as europe's liquefied gas market is quite limited to move there's nowhere to sell it in germany poland has a developing market import is that it's in no way a danger for us that's not the reason i'm criticizing the nikkei ssion the there

are alternative sources the low spot prices on gas their g.p.s. spot deals can be of no more gain the long term supply agreements in the short run think they do not offer stability i mean first think of the plague of a problem in the wake of the fukushima disaster germany is closing all its nuclear power plants do you support that and how will it change your minnie's energy mix tragic we've been going to. consider this me and my team with the people who would literally negotiated that deal with our energy suppliers we had agreed to make a sensible exit out of nuclear strategy that was followed by a short period when the federal government thought our agreement should be overturned and they've since gone the other way and started supporting what i had negotiated with this does not mean bridge technologies like nuclear energy cannot be used until energy efficiency is sufficiently developed we need gas as an interim energy source for the sake of energy security that's the reason we need to buy gas from new york from other cultures but primarily from russia of. and the reason we

need to build the gas power stations and more so. with this crisis mr sarkozy says no euro no europe surely europe worth of oil without the euro so and that's i know i know from our listeners a quote from a successor in office likes to go to of course europe is going to have problems if the euro has problems but there's one thing you can be sure of and if the euro is going to survive as a common currency then even it theoretically things turn out differently which i find very improbable you think we will still have a united europe which is very plain or programmable you would chance a lot when greece cooked its books to join the euro should you have stopped pathans from joining the single currency robin if there's on the is it worth your while i do not think that was our situation of the european commission its employees that had to conduct the inspections they had let us know that we could take the responsibility for greece's e.u. a session on ourselves and it was

a purely preparatory mission conducted by the european commission and the national governments if we had made the decision to take in we could not claim without having firm proof that the information we got then was diplomatically speaking not entirely correct very much keep in mind that the european parliament voted in favor of greece's membership almost unanimously including the conservatives who are now trying to distance themselves from that decision sometimes in politics you don't want to believe things that he wants condoned or actually happening of us one of the. other the commission was wrong or the handling of greece has been wrong since it ended which which is that it's not their currency in the view the upgrade of it's pointless to talk about how things were in the past we're talking about the future you can go i hope we manage to keep greece in the euro zone i think that's a help of the new greek government would have to be nonpartizan uninfluenced by debate provoked by right wing power that song from the i hope the package of aid agreements that european leaders have agreed on is implement techer if that's the.

ok so then i think we can start taking care of stabilizing the market with a great deal of help from greece and. there is one point i would like to make that the country should not be broken down not only does greece nina budget discipline which is of course trivial but what greece needs mostly are investments that this would be good to see wealthy greek citizens who are currently investing abroad if pay taxes in their own country instead of looking for investment opportunities or so on was a good i know what we're doubling or is there a red line beyond which german so they we're not going to bail out southern europe anymore or the germany have a historic bit europe has from it and they're getting about i'm not against discussing a red line the problem is that if you start to talk about a red line then you'd eventually have to correctly him and he's interested both politically and economically in a functioning europe but that economic interest is easily explainable in that forty percent of our export goes to the european union and beyond it if those countries

are hit by a crisis then so is germany secondly one of the lessons we learned in the past and our prospects for the future dictates that germany is not strong enough geopolitically to play a significant role in a game where the u.s. is one superpower and an asian leader and like in this case china is the other new european state is in the i'm only a united europe can take on a role like that if that's why germany is interested in a night in the us that is not just because of the pastors for the sake of our citizens future of it's a comfort to a lot of people to small question many germans many thought people many friends are angry at having to pay. or they roll that's enough for it see and i can understand that but i have to explain it very consistently to the current generation of political leaders clearly it's within our own interest to maintain stability in other countries as germany is a nation that relies hugely on x. here if markets around us crumble it harms us we have to explain it to. people the

new generation the prospects for a long lasting peace allies in europe. when you serve the german chancellor there was no question of receiving financial aid from china or russia directly or indirectly through the i.m.f. do you regret that happening potentially and what would be the implication i think it does and if i do not think we should feel bad about other nations getting stronger be they russians chinese brazilians south africans or indians it should not concern us because these countries offer us a more opportunity to export our products as they develop but that's only the case if we stayed better stay more innovative when we fulfill our agenda of twenty eight hour and sort out our social policies in germany is the only country that understood back in two thousand and three different aging countries to maintain prosperity it must provide for change think about i wonder if the rest of the e.u. states having understood this a decade later i'll manage to take the action needed to maintain prosperity right

on the other hand we have an understanding that an aging society with a decreasing number of people who are a lawyer has problems of that sort of behavior we started taking care of our problems in time for the rest will regret it if forced to take on a harder mission this goes for everyone not just the sound of all bus this prepare for when you can afford it and very good health road or several of the board for the nordstrom gas pipeline think it has become a healthy. the close up team has been to the region where technological breakthroughs save human lives. now are chico's to the sea. where unusual ways to protect nature. are farming pioneers

place local cuisine to the highest pitch. but where future developments depends on the way. russia's black sea coast should close up on our key. easiest leaching discoveries buzy. communicate with the want to. test yourself and become free. nature can give you an aussie.

peace soon which brightened if you move the song from phones to try to shoot these . stunts on t.v. dot com. the world's longest subsidy pipeline is set to start pumping russian gas to warm up western europe without relying on transit countries president be out of his in germany ready to flick the switch to receive supplies later on tuesday and. it is a race so for the rescue funds in greece with the prime minister and of the leader of the opposition scrambling to form a government with enough power to resolve the crisis the euro zone's given them fifteen weeks to sort out making the necessary cuts. and as it is real threatens a strike on iran on the top of recent ground invasions of lebanon and gaza its young people are increasingly turning their backs on the army and have told r.t. their country is now too severe for them to enter service. mourners in fifteen

minutes time next though it's a sports update with dmitri. hello there this is the sports ten r.t. thanks for joining us it's our first let's take a quick look at what's making the sporting headlines around the world. their first international tournament under their new head coach seem to lobby. for the first stage of the euro hop it's a big part of. developing young skills anyway in the country russia's top world rhythmic genesis's their remote region to find tomorrow's talents. and goals go on the face of the longest ever russian football season is over see all the strikes which found the net in the final week. we start with said news that

former waltz heavyweight boxing champion joe frazier has died the legend was diagnosed with liver cancer just last month he passed away at home in philadelphia surrounded by his family and ninety six to four olympic gold medalists who was also included in the international boxing hall of fame known as smoking jockey became the first man to beat mohammad ali it was in one nine hundred seventy one in what was called the fright of the century to freeze their voice sixty seven years old. right. so this is not european i saw nations for certain alternate for stage continental tournament which starts in finland this weekend the euro hockey is widely considered as a preparation stage for russia finland sweden and the czech republic ahead of the world championships team russia were thought from impressive last season after failing to reach their world championship finals results and your man of the house

since the other dinner took over the reigns from the who secured russia's back to back world gold three years ago but if there's hope to leave russia all the way to the same trying to fourteen but that coming finnish stage of the year it will be base first real test as head coach of the national team or the next winter games a little over two years away believed in and will have plenty of time to come up with an ultimate approach to. the olympics are a very serious and interesting affair for me personally as a coach it's routine building i want to develop my roster here in russia using primarily key players the upcoming international tournaments including the world card should reveal their capabilities and then we can start thinking about it a little bit see. well boudinot decided to give you the chance at the opening stage in helsinki with his team loaded with promising talent federal victory there is always this court's primary objective so it's experienced at both ends of the rink

but the coach will rely so much ally forward that it's not a former n.h.l. that already has two world championship gold medals and his experience will be unbearable for getting the repeats up to speed. a lot of the longer your unknown group towns in the summer and one in the whole world will join in on. really good and. doing the be in the team not because they yawn d d i think the really. good this year and. it's not just it's not surprising at all. let me turn to the russian under twenty junior league side in the first flush of the trying to live in super serious the russians managed to find in a tight little strands of open the scoring seventeen minutes in wild dog taking in double rushes later midway through a game this is the canadians having had this many as four to do shots on target i

guess that is twelve there it brings men managed to keep the gold intact. because they wouldn't has ended the season on a low note as they rushed in question out of the fun. in paris has suffered a thirst round defeat by. the telling qualified to open a tiebreaker saying that the second set will go to try breakers well with a double fault and the win to separate. never much has been out of it us good book took place in the second round this place in our church of gracious and had to come from a said beat his opponent trish won the opening set six three but then the dust storm beckoned with second and third sets take them six to six three respectively. another first round winner was germany's forum a check radix decline of seven five six three the next face is not a feature of the united states who is trying to make it to the world two finals

seats eight in the rankings and is determined to make it to london i've never been in this business from before. you know from what i hear you know everything. everything there is if you work a world tour finals is pretty amazing. and i love to experience it for myself and not only for myself there's a lot of people behind me to put a lot of work in. you know are pretty emotionally and physically invested in our resorts friends and family and coaches and trainers and things like that so they're the ones i want to do for as well. russia has been taking all necessary steps to try and maintain its dominance in the world of rhythmic gymnastics even in the countries remote regions like the town of care of sketching a visit from the national team or press i thought to develop young talent now well underway i want to go as good as a story. here asking for eighteen hundred kilometers away from our scout but

a long journey didn't stop team russia from pain a visit the message being no talent across the basque country will be left on discovered with a remote mormon screeching in a brand new gymnastics school top class instructors are helping young talented blossom into transcendent performers on the biggest stage these students aged three to seven years old washington or as the current crop of rhythmic gymnasts on the show and the school's opening ceremony one of the sport's main figures in russia irina venier believes it's the most complete line up she's seen in a while and is that the cream of the crop of global rhythmic gymnastics are all gathered here we haven't even had about many people at the world championships and this time we brought our entire golden reside for gymnastics here of. gania connive always stood head and shoulders above the competition will be all round gold at three straight gymnastics world championships and at the beijing olympics the

twenty one year old really humble despite clearly be russia's main hope for london two thousand and twelve and beyond i think is great for up and coming out for me it's been fulfilling it will be used in preparation for the upcoming russian championships i didn't have such fancy facilities and that's when i started so i'm happy for these kids i have no plans prindle impacts yet because i'm still in the process of qualification the soviet union and russia have always been the world's mecca of religion last x. when sixty one world champion should medals over the entire course of history the russians have also one goal that individual and team advance during the past three olympics with everybody at the world gymnastics stronghold are aware that maintaining the title as the greatest in the world won't be easy come next summer. our team. it's official the callus later is eleven time a space surfing world champ and the thirty nine year old finally able to rightful

to claim the title after calculation error of build him trying to leaven where prematurely the american was initially annoyed to champion on november the second but also discovered that slater would have to win one locates to claim the crown and he did just that slater not able to enjoy the fruits of his labor over in california. and a half years pretty incredible defeat that occurred on the beach to courtney on it and with football the regular season in their russian premier league now wrapped up so let's take a look at all nineteen stripes that crossed the line in a game with thirty so it's goals for the time. lucky.

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