why from moscow this is kevin and he and i would all top stories for you president dmitri medvedev says the publication of the results of sunday's elections could be spun while a further investigation takes place meanwhile russia's prime minister calls from all over the opposition but warned foreign powers against meddling in the country's political affairs it's. nato isn't taking russia's concerns over european missile defense into account and isn't ready to seriously work together on the shield those strong words come from russia's foreign minister sergei lavrov after

a nato pressured me taking brussels. and european leaders arrive for a key summit in brussels as they race against time to save the single currency germany in france a pushing for a new e.u. treaty used by the nations in a close knit union with its own taxes and fine. indeed the financial fallout from the euro crisis tends to ignore borders to with a squeeze felt far beyond europe next on r.t. we get expert insight into what's likely to be a slow drawn to recovery. today i'm talking to. the managing partner of fusion asset management based in london we are talking as ratings agencies increasingly look at downgrading the debt rating for the entire c. of the year and say 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 would put us in game because. if you see a whole economy develop here when you're watching them down so many projects in change from twenty five percent to ten percent of the same time financial sector a good move from five percent to ten percent did you do 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 use 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 a concern that 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. the integrate that it wants to be in the political process of 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 well 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 there playing. if you look at the situation if you look at it and. then france has a real at least score for losing people that people are eating and therefore putting it to these. facilities which effectively was created to solve a financial problem it's definitely 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 you accommodated booting thirty forty years of that expansion and uncontrollable spending if you like. three months or so of course you. have a bit of work from so it's happening in next two months and very publicly and politically because the real problem in his own country how much economic logic is

that in 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 the time of cheap credit then. the issue of control was not sort. of smaller or smaller call up or for deal. with a stronger economy and stronger currency so. it's probably a question of going to stay in the euro. because if you talk about the italian one. hundred billion the very board three hundred billion of government. but also two hundred applause billion of it one of our financial institutions then we have four hundred fifty billion or five hundred billion of you pose it's on the balance sheets and if rules out of utah and visibly geishas are all in euros so you

why when you do structure for the banking system one thing system will bring recession and recovery 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 this but it also really mediately that it is similar effects in the european companies 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 an increase in the required capital then that is obviously all question of easy money control. of conflict of interests

and they all different angles of the question. in terms of how banks are a great advance definitely better regulated but of africa and you need to look at profitability of banks forty percent of income of banks coming from interest related activities which are services which is basically investment banking so now if you start pushing the relation on the degree to incredibly obvious things trying to split investment money from the corporate side clearly a lot of seen that just regionally in the structure will disappear so just cutting into the we'll kill that part of services which will drive down effect ability of bombs if you. do increase capability then that will drive across that ability of banks even longer then you start to really what's happening it's a very calm but if industry so what banks did wake up to the bonuses because i agreed with governments because bonuses but they immediately increase is to banks so now when people say you'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 work force. which means it's not going to be supportive from a business in principle you'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 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 is i think around four hundred fifty percent of g.d.p. so the need that and those from states also of the most publicly known issues that

is also hidden that which is coming from pension liabilities we don't talk about it but actually it's a huge amount which sits as a liability for corporates and seats as a liability on councils and so on there is no easy way we all consume to board is that we need to pay back so that different ways to pay back but neither of them are going to be pleasant and the wonderful and so forth people call financial regulation which means it's a negative real interest rates so inflation nominal interest rates are low it's cop on interest rates government borrowing from a couple of clients pension funds if you have to invest in highly rated and highly rated as your government then you need to give money 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 government and banks closer to goodish and grow closer and in this sense 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 that we don't think so every stage in 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 areas which were not affected so 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 politicians put in a system of effectively. dealing with a sentence which was supposed to. the whole financial 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 their watch. yeah i think keynes said that some point of the. beauty contest so it's not that you were his but got and it's maybe some other currency even of the new europe and it's a question of comparison clearly depends on the you but his profile in terms of all us of course we do believe it fixed income of us and the thing about unity is it's very difficult to bet on the goal because it's the mix between the facts. and the metal so it's difficult to predict but gold particularly well and that is in the years more for the cage and as an investment and absolutely don't start the g.s. it's unlikely that you going to produce as much of it as it was before fueled by easy money. really absolutely done strategies is what people and

pension funds who are. low yield environment and for that we can learn from japan is so japanese are in this situation for ten plus years so if you look at the proportion of pension funds in japan i like eating. here it's three percent five percent there it's up to thirty percent because when the government was not going to make the money. probably not going to make money so we need to war for something more. longer term. but the. performance of a. kid thank you very much. i feel like.

it's all designed to keep you close in your own small world as a prison. you know you leave somebody in there for a couple hours like that in a stress positions. 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 the current 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 the baghdad. johnny poor little body sort of for just a rock n roll band it was fitting for the job we were doing.

wealthy british style sun. life.

market. has come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines. kaiser report. cites top stories from r.t. president to me to regret it says the publication of the results of sunday's elections could be postponed. takes place meanwhile russia's prime minister's call for dialogue with the opposition but warned foreign powers against meddling in the country's political affairs. european leaders arrive for a key summit in brussels as they race against time to save the single currency germany and france are pushing for mewing by the nations into a close knit union with its own taxes and find. a nato isn't taking russia's concerns of european missile defense into account it isn't ready to seriously work together on the shield the strong words from russia's foreign minister sergey

lavrov nato russia and possibles. that says an outspoken. hello there sport or not good for the company again coming up in the world. make that double for the first time ever there will be two russian sides in the last sixteen of the champions league could join us in the on wednesday night. nothing but net. perfect possibles euro lake extending their winning streak to eight games in the competition. clay to play in england final group game at the euro twenty twelve be a fairly deuces wayne rooney's three match ban to two. hundred of course with football where russia will have two teams in the knockout stages of the champions

league for the first ever next spring. and in their place on wednesday thanks to their victory at inter things were not looking too bright heading into that clash at the san siro it's a car needed to break the tail end giants away plus there was one more condition needed for progress in the other group a match between the tribes on sport so they must divide did their part in the last living at late but in every case had there with four minutes to go the final result of two one in favor of scott. and tribes on sportsmen while their rights for the. two sides failed to score a finished goalless in france so far snatched the most unlikely sport painter had already qualified for the play during the previous game week while that must be content with the europa league. beautiful start on time we created plenty of chances on a regular basis for 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 not episode a might be able to win. with most certainly a night to forget only that in seventeen years of exposure since charges fail to make it into the last sixteen of the champions league a two one loss to left them in third place in group c. their swiss opponents are taking second and then figure finish on top following victory over pointless also a little the lottery. when you read from whom you were no don't. you have a job to do. and. don't want to lose reality. remember those who story. another match well not to play in the european cup next spring roberto mancini's men were denied entry into the knockout stages despite taking table toppers by munich toenails to finish third

joining their cross-town rivals in the europa league while not secured their second qualifying place. a team that usually with them points all the team to always. ninety nine percent made this group. was not enough for in their neighborhoods or did one point more than eyes in their zeal to go through. and found a group within the fastest ever had trick in the champions league history three goals from the team big almost in seven minutes up in the french side record a blistering seven one victory awaited noms are group well they fought for that second qualifying place after the dutch were beaten by real madrid in the netherlands as a marine this chargers made it six wins from as many games. last season over to him was a little bit up and down sometimes very well another match not so good in these

moments we are much more much more stable people is much more confident. the team is much more compact. and we feel we are going to do and. then we want to this is. now in ruin is cleared to help england in their final group game at euro twenty twelve against ukraine that's because he's a three match with a band has been reduced to two remember the twenty six year old player received their red card for kicking that drug to do it in a tall draw with montenegro rooney's laws apparently put a strong case together in headquarters in switzerland at pale face a letter from him self asking his attackers went to where it is so real and it will miss england games against france and sweden. wayne will be available. for the final group game of the european championships against the ukraine so in

effect a too much suspension with one carried over a four year period for the national teams so we're very pleased with that today wayne's presence here was clearly important so i'd like to make special thanks to manchester united to david gill and to surat ferguson for releasing wayne to be present. staying with football where the twenty eleven club world cup is underway in japan in a live picture of the player france houseguest see where wrestle beat oakland city from new zealand by two girls to nothing the newly crowned japanese champ started the game confidently. precise short found the back of the net thirty seven minutes into the game doubled the lead then just three minutes later thanks to the quick break of such a crude or sizeable stick to the result stood until the final whistle meaning the home side now advances into the quarter finals where they'll face conflict path

champions league winners and want to re mexico i it seems to come most schools basketball team have forgotten how to lose the muscovites now undefeated for eight games in the euro league after beating soccer in the russian capital on wednesday night prior to the game undertaker lanka and then a british take on it as a competitions plays of the math for toby and of ember respectively and the injured take a four to seven watched gordon pick up the slack for his side the american leading the way with a team eighteen point three six showed his award was a well deserved one posting get another strong game with fourteen points a total of four test players scoring in double figures to overcome the codes resistance so how do on foreign aid to sell incentive for victory i so andrei kirilenko was a mess spectator on the night but he's been an important part of taste cause impressive run so far this year with n.b.a. season due to get underway later this month the former you to just forward as

a decision to make stay or go responded on one course or ask him that very question . in one thousand nine hundred nine and a kid a langkow became not only the first russians a bit picks 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 exam years before becoming a free agent and moving back to european powerhouse says khan moscow twenty eleven saw the revival of russia's red army club in a large part thanks to the experienced and be 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 to 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 yearly 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 evilest 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 black berry honor 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 tournaments in july of next year kirilenko could go for a third attempt at a golden dick medal a lot of shows a lot of promising. young guys and that you know we play in the way better as

a team young guys you know stuff you know fill out those roles 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 in national team for the next year you know playing 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 what howard and events 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. goals now be tension has taken a one stroke lead old poll or after the first round of the dubai world championship suite who has yet to win a tournament this season carded

a course record equalling eight under par sixty four on thursday after birding four holes in succession from the tenth for the bird is followed at the fifteenth and seventeenth holes but the spotlight to the tournament is the rivalry between monoliths lead the english men looked on and rory mcilroy the northern irish golfer sits in third place as it gets to claim the order of merit crown the u.s. open champ and must win this season ending tournament and hope that donald finishes outside top nine on the final leaderboard the englishman finished the day in twenty six position. i've given myself you a really good start to build on your list a lot of goals are to play so i'm going to have to play very well over the next three days to try and have a chance to win. the title and focus on. said news now russian light heavyweight boxer a month so michael has died after failing to overcome the consequences of his loss to sort of all of these tweak the twelve round bout for the w.b.c.

asian boxing council title is in the book ended with a technical knockout in the seventh round simak off slipped into common right in the ring and was immediately taken to hospital where surgery unfortunately it was enough to save the life of that russian boxer and once michael was twenty seven. well that's all from me for today see you tomorrow on r.t. good buy. mission free cretaceous and free transport charges free to make amends free. free. to try free. download free blog can plug in video for your media projects and free media harty

dot com you.