now ira mostly this is all seem new president to me their method that is already investigation into sunday's parliamentary election is needed but the rallies that followed are a sign of democracy columns as russia's foreign minister called for dialogue with the opposition to warn foreign powers against meddling in the country's political facts. and terrorism taking russia's concerns over european missile defense into account and isn't ready to seriously work together on the shield the strong words

of a foreign minister sergei lavrov follow and nato russia meeting in brussels. and euro d. day leaders raise against time to save the single currency by gathering states under the processes on they going to lose the power to govern themselves germany and for all submission for new e.u. treaties to bind the nations into a place that fiscal union that is in taxes and penalties. now the financial fallout from the euro crisis tends to ignore borders with the squeeze felt far beyond europe next expert insight into what's likely to be a slow drawn out recovery. today i'm talking to cuba who's the managing partner of fusion asset management based in london we are talking as racing's agent seems increasingly look at downgrading the debt rating but the entire c.

of the year is a including financially healthy countries like germany mr lecky thanks for talking to us today now this is a crucial time for the old europe is pushing for more fiscal unity and meanwhile the u.k. is backing away from it what's the solution do you think i think for the united kingdom with interesting game because. if you see a whole economy develop here when a functioning window on so many change from twenty five percent to ten percent of the same time financial sector a good move from five percent to ten percent g.d.p. so now we're on a vehicle footing so it's not only about europe but it's about overall contamination of financial system and clearly its financial system as london as a financial center this is a very important for united kingdom and for that are two sides of the game one is political and economic and another is financial infrastructure one and should politics really come into what is essentially an economic decision absolutely

politics should go you know what what is going to move this in because politics is the concern that if the explosion of economics really. european union was a part of. a larger political project which took almost fifty years since the second world war and this unification. fiscal unification which people talking now is just the last or latest step in the overall process therefore every country needs to decide how closely integrated it wants to be political but also some of the lines of united kingdom so far was actually very reasonable if you see what happened in the europe recently and how much united kingdom would be affected what was done so far was extremely little but what about this kind of forcing of the issue i mean you say that fiscal union is the natural result of political union but isn't it the case now that the political union and the fiscal union is kind of

breaking up and people like merkel and sarkozy are trying to force it back together this is true to some extent. but at the same time we need to remember germany. and then there will be they are playing. if you look at the situation if you look at when and. when france has that we'll at least call for losing people that people are eating and therefore putting a. fair facility which effectively was created to solve a financial problem it's definitely a different game for germany and for france and timing wise is different as well because for germany medical see that there's a model for really of this sort of problems which work can relate to doing thirty forty years of that expounds from an uncontrollable spending if you like to sort of three months or so of course you. have it all works and so it's happening in next

two months and very publicly and politically because the real problem isn't something how much economic logic is that throwing everything at preserving the there is economic logic. but the question here is. is it the same europe same country is which were accepted for political reasons and at that time or for cheap credit then the issue of control was not so. or it's better to have smaller or smaller kolob or for real euro countries with a stronger economy and stronger currency so. it's probably less so the question is going to stay in the euro. because if you talk about italy italy and one. hundred billion of very bored three hundred billion of government. but also two hundred plus billion of it one of our financial institutions them because of four

hundred fifty billion or five hundred billion of deposits on the streets and if you kill you because of the futile and visibly gave all the euros so you why when you do structure all it will for the banking system one thing system will bring recession in the country but also in the whole euro because then you have one point seven trillion the euro or four call them formal or which will immediately the chain of events across not only italy where inflation unemployment is highlighted but it also will be media that is similar effects in the european countries so losing greece and moving into these two different games let's move on and talk more generally about the financial crisis people are blaming the bankers they're still doing it's what you hear most often on the news when people talk about the financial crisis do you think it had any effect on the way that bank has operates definitely because of the fact. we can talk about the effect because there are

several that is that if. there is increase in the required capital then that is obviously all the question of easy money control. of conflict of interests and they all different angles of the question. in terms of how banks are related banks definitely better late than never and you need to look at profitability of one forty percent of income of banks coming from non interest related activities which are services which is basically investment banking so now if you start pushing relational and the regulator incredibly this things trying to split investment banks from corporate side clearly a lot of seen that jesus originally in the structure will disappear so just cutting integrating will kill that part of services which will drive down the ability of months if you have to increase cable television then that will drive it but if it ability of banks in the long then you start to relate in bonuses what's happening it's a very calm but if industry so what banks did they cut the bonuses big way greaves

governments because bonuses but they immediately increase is to banks so now when people say your we're not getting my bones are you actually getting to them which means that fixed costs in banks increased enormously so now we need to cut people that's why twenty twenty five percent of workforce. which means it's not going to be supportive for the bond business in place we're supposed to generate more revenues not cut costs and say where are we now in terms of getting out of financial trouble it's a very long process. if we. see post-war that was watered down and how it was deal to visit. them plus years it's twenty years it's a very slow process that is a huge amount of the. united kingdom is probably. the country in terms of total public and state that which is now i think around four hundred fifty percent

of g.d.p. so that and some states it's most publicly known issues but it's also here than that which is coming from pension liabilities we don't talk about it but actually it's a huge amount which seats is a liability for corporates and seats as a liability on councils so there is no easy way we all can assume to board these did we need to take it back so there are different ways to pay back but neither of them are going to be pleasant and the one of the lines of force people call financial repression which means it's a negative real interest rates so inflation nominal interest rates are low it's a couple interest rates government born from captive plants to pension funds if you have to invest in highly rated and highly rated as your government then you need to give a minute to the government that then you have a. government effectively using this money to pay back that and then that will bring it closer relationship between the government and banks closer to good if and

grow closer to the site and in this sense to me to believe that you can pay for the four percent of that a year and then you take the number which you need to achieve divide by three four five percent that's the amount of years you need to get out it's not the one the year we not super positive for next year in terms of it's not going to be two thousand nine hundred percent we don't think so every stage of the financial crisis is bigger scale. considerably more difficult to get out because every time you put in more money. putting this money is. going down money does appear from the problem problematic. in the fact that so going into emerging markets increasing labor costs increasing inflation so making emerging markets less competitive therefore less able to pull develop pull developed markets from the from the crisis and more and more money. in the system very effectively.

killing the sentence which was supposed to. call financial recall the comic system out of the crisis that was sounds very painful at times like this where do you think people should be keeping their money and we talk about gold or a mix of currencies or what yeah i think that some point where the. beauty contest so it's not the euro is but it's maybe some other currency even aversive in europe and it's a question of comparison clearly depends on the your profile in terms of overall us of course we do believe that fixed income offers interesting about unity is it's very difficult to put on the gold because it's the mix between the facts. and the math on so it's difficult to predict but gold particularly well and in that it's in the years more for the cage and as an investment and absolutely don't start the g. it's unlikely that we keep going to produce as much of it as it was before fueled

by easy money. but really absolutely don't start the juice is what people. who are. lower yield environment and for that we can learn from japanese so japanese are in this situation for ten plus years so if you look at the proportion of pension funds in japan the like eating fosters here it's three percent five percent there it's up to thirty percent. because when the over government was not going to make the money. but it will be not going to make more money so we need the war for something more. longer term but then clearly that i am to extract it for the performance of a midwife or for kid aliant good thank you very much thank you.

steve. up. the box. it's all designed to keep you close in your own sky world as a prison. you know you leave somebody in there for a couple hours like that in a stress position. you have this fear of the unknown and this stress sort of building and. i've seen interrogations go on ten twelve hours they chose songs i remember from marilyn manson and metallica slayer the two songs would be angel of death and raining blood to kill the enemy going through war coming up here

into iraq coming into baghdad. charlie poole of the body sort of for which the rock n roll band was fitting for the job we were doing. down the official anti application to your i phone or i pod touch from the shops to . watch our life on the go. video on demand parties mind broadcasts and r.s.s. feeds now with the palm of your. question on the dot com.

to be soon which brightened if you move the song from phones to impression these. newsgroups don't totty die. to come. president to need to make their lives says up our investigation into sunday's parliamentary election is needed that the rallies that followed are a sign of democracy it comes as russia's prime minister coolth of dialogue with the opposition but will inform powell defense meddling in the companies it's going to. be so easy i'm taking russia's concerns over the european missile defense into account and isn't ready to seriously work together on the shield and strong words from our foreign minister said get out brawl following laser russians in brussels. and the euro d.-day leaders raising kids trying to save his currency by gathering

stakes of the brussels if they agreed to means the power to govern themselves germany on the problems of machine new treaties to bind the nations into place to its fiscal union with the same time says and penalty. next says all of the all the latest sports with dmitri. i know there's sports in our company again coming up in the ability to. make that double for the first time ever there will be two russian sides in the last sixteen of the champions league says come on joint only weighs in on. nothing but now i. think impossible as you are extending their winning streak to eight games in the competition. and cleared to play in england's final group game

if you are trying to get through do. so let's start with football where russia will have two teams in the knockout stages of the champions league for the first next spring to. their place on wednesday thanks to their victory at inter things were not looking too bright heading into the clash at the san siro. needed to beat the giants away plus there was one more condition needed for progress drawing in the other group the match between little and transport so the muscovites did that part in milan living late. with four minutes to go sealed the final result of two one in favor of. did the rights for the two sides failed to score finished in france so scott snatched the no sun like this sport had already qualified for the votes during the previous game week while the turks must be content with europe league now. start on

time we created plenty of chances on a regular basis our opponents had plenty of opportunities as well especially when diego believed to have to cross par with the game tied one one but we were able to execute superbly when it came to the set piece immediately following that episode and that gave us the win. much to united with most certainly and nice to forget for only the third time in seventeen years alex ferguson's charges failed to make a turn for the last sixteen of the champions league a two one loss to basel left in third place in group c. s. with opponents taking second and been finished on top following victory over pointless the lottery. when you read from your own nor do. you have a job to do. and. don't want to use real hard. evidence to story to give him. another manchester city was not to play in the

european cup next spring i there were betting the chinese men were denied entry into the knockout stages despite beating table toppers by minute nail they finished third joining their course town rivals in the you're awfully well not place secured this second qualifying place. a team that usually points all the teams who are to always. ninety nine percent made these group. or not they're not for acting that need to do the one point more than i was in their zeal to go through. and finally a good deal with the fastest ever the trick in the chambers make history three goals from tim baker in just seven minutes as being the french side record a blistering seven one victory away to the all the ups for the second qualifying place after the dutch were beaten by real madrid in the netherlands december in its charges made it six wins from as many games. last season or with the morals

a little bit of involved. sometimes very world another match not so good and it was moments we are much more much more stable people is much more confident. the team is much more compact. and we're going to do. now when warner is cleared to help england in their final group game it's your turn to twelve against co-hosts ukraine that's because his three match year for ben has been reduced to two remember the twenty six year old player received a red card for kicking major did of each in its draw with montenegro tobar ruiz lawyers apparently put a strong case together in the f.a. headquarters in switzerland that pill featured a letter from to the bitch himself asking his attackers ban to be reduced so really it will miss england's games against france and sweden. it seems to.

have forgotten how to lose the muscovites now on the feet eight games in the euro league after beating some group in the russian capital on wednesday night prior to the game under and then it kristie honored as the competition's players of them are thought of till the end of the respectively and the injured a k forty seven was german gordon pick up the slack for his side the american leading the way with a team high eighteen points showed his what was a world's of one yet another strong game with fourteen points total fall to place scoring in double figures to overcome the quote resistance. for an it's a seven seventy four victory. so under a career link awards i'm a spectator of the night but he's been an important part of impressive round so far this year with n.b.a. season due to get in the way later this month the former you to just forward his decision to make stay or go correspondent from one course or ask him that very

question. in one thousand nine hundred nine andrei kirilenko became not only the first russians of it takes in the first round of the n.b.a. draft but also the youngest european players to be selected in two thousand and one he joined the utah jazz and remained faithful to the salt lake team for a full san years before becoming a free agent and moving back to european powerhouse says calm moscow twenty eleven saw the revival of russia's red army club in a large part thanks to the experienced n.b.a. forward now following a successful spell at home kirilenko is uncertain if you want to go back to the n.b.a. part i'm definitely looking at the offer. when i signed a deal with. the. i'm going to be leaving remember him middle of the season but when it comes to this point you know it's always tough to leave the team in the middle of the season and you know we have

a great chemistry. and that's why makes it the way tougher to make a decision six time you really champion says khan mosco are now well on their way to their seventh continental title and i'm to take it angle has been instrumental in the current campaign and was even the most valuable player of the tournaments in october needless to say a k forty seven is a regular in the national squad where he helped the team on their way to becoming european champions in two thousand and seven these impressive performance earned the prestigious flag bearing on or at the two thousand and eight olympics in beijing as well as a visit to the kremlin ahead of the games and if russia finishes in that salt three at the wildcard tournament in july of next year kirilenko could go for a third attempt at a golden that medal last. shows a lot of promising. young guys and you know we play in the way better as a team young guys you know stuff you know

a few of those falls and taking way more responsibility right now so i'm looking forward to you know to see them next year with having a great season right now and you know being national team for the next new you know play of that qualification two thousand and five before the olympics and break it and go is very active when it comes to promoting the game of basketball especially in russia what thousands of kids turned up to witness him and another and they started white howard and an event in moscow last summer he stayed in one place for hours just signing autographs for anyone that asked becoming a true champion all the people in the process. r.t. moscow. well it's a on has won her first small cup and on home slopes the twenty ten olympic champion topping the super g. standards in colorado where the event moved due to lack of snow in the french alps for the sort of made it challenging course that taken

a lead. to rely on walkers home support leaves in nearby their colorado twenty seven year old taking the victory with souter second. and third one now with a massive one hundred thirty six point lead in the overall standings and also on top of the g eight table. very sad news now russian allied heavyweight boxer. has died after failing to overcome the consequences of his loss to a couple of earlier this week the twelve round bout for the w.b.c. asian boxing council title in your turn booed and it with a technical knockout in the seventh slipped into a coma right in the ring and was immediately taken to hospital where head surgery unfortunately it was enough to save the life of that russian fighter unless of

course was twenty seven. ok today no more sports news from around the globe in toys time here in r.t.e. stay with us. world. technology innovation all the development from around russia we've got the future covered. lead mission and free cretaceous and free transport charges free. range humans free risk free studio tied free. download free blog video for your media projects and free media. tom.

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it is beautiful to. see chief do you. feel. any. sense. that she. would be so much brighter if you about someone from fun.