the school or church is free. to choose three. three stooges free. and free books. and free media. petrol panic grips the head of a possible ten can drive a strike and. consider a. push. just as a. protest against. the general strike comes

a day before the government is expected to announce more painful. than the chairman of the world's largest commodities trading company and he's. heading next in our special if you're next. simon morey chairman of the multinational corporation glencore also the former french foreign missionary it's great to have you with us here in moscow sir thank you so you spent most of your business career in china are you one of those who see the china as the center of the world's economic future no i don't think i do but i think at the moment china on

a comparison basis is certainly doing better than everyone else so but whether that's going to lead the world forever or have a i don't think so i don't think that we have this for the go ahead or a chinese sentry not so why this phobia of china china's coming it's going to swallow us all because on a comparison basis compared to china for example when i first read there were nine hundred seventy when they had absolutely nothing of course it's very different china is a manufacturing company today and benefiting from manufacturing and if you look back in history in one thousand nine hundred ninety eight hundred ten of the probably the brits the english were the most prosperous nation in the world certainly per capita all on the back of manufacturing so the industrial revolution on the back of coal nine hundred england was two percent of the world's population producing forty percent of the world's trade think about that america also grew

hugely on the back of manufacturing so manufacturing is what really leads to prosperity and the western world has swung away from manufacturing into service industries and that is as also they have huge dollars of inflation. over the years i'm talking about europe and america chinese china is going through its industrial revolution equivalent doing fantastically well but also feeling the beginnings of inflation the growing cost base and base and over the next twenty years we may well see the chinese manufacturing moves offshore places like cambodia vietnam and maybe i'm sorry that's a psych is it that simple is that he's a former cheap labor hard work is it's all about cheap labor are you something more the hard work that you put in that people that they talk about asian values of hard

work those are exactly the same better victorian values the same in the u.k. everybody used to work much harder in a way than they do today people of sixteen years old will work i'm less fifteen years of working in the coal mines today everything is much softer and human rights and entitlement on the benefits and so on china doesn't have those which makes me wonder is that a good thing or not i don't actually think it's a good thing and i think it is in monetary terms it is amazingly successful so china is growing at eight percent per annum a lot of the figure is seven hop a percent brown and the rest of the world isn't really doing a good tour by comparison so yes they have huge monetary success on the surface but underneath they have lots and lots of problems do you believe in the theory china is getting older faster and getting richer. i don't know that i have

good that phrase that they're getting older rather than the rich or their problem is also that when you talk about rich you have also the big divide the house and they have not china are reported to have three hundred fifty thousand million has recorded a one hundred fifteen billion has that drove the precise. but they have seven hundred million people who live in the rural areas central parts of china who live on four dollars a day so they're not all getting richer. they are not better off than they were forty years ago there is no question about that that the wealth has spread over everybody is ok in the sense that they are better off than they were but still big difference is still a long way to go twenty million people polled a plea a year move from very rural areas of china into the urban areas looking for jobs

every year let me china's gotta find two hundred million jobs over the next ten years that's pretty big task china's coal space is wising the china is now starting things like minimum wage you have discontent in china many villages there are riots and people on strike but we don't see that if those towns all got up on the same day. and rebelled china would have big problems so for china of the most important thing for the party is stability keeping this place stable and it's very tough and they could do it because the communist party is very very tough do you think europe is up to the challenge should he rypien working harder. yeah i think that yes i would like to see less of this sort of benefit and. we live in europe in the west where. i may

jump in title meant people come out of university with my job i'm entitled to join i'm entitled to this i'm entitled to benefits i've just arrived in england where all my benefits i think we have gone a little bit soft yes but is there a way of turning this whole thing back. probably not i think but the politicians in england are trying to bring in what they call austerity measures you see what's happening in greece whether whether people will take accept this or whether they will rebel you have seen in greece a rebel you have seen in england in november we had students rioting in the streets mashing windows robbing shops and someone so will we have rebellions and so i think we probably will. there's going to be resistance to this is two years and what it will be here is don't survive as one whole and i think there's a good chance that someone on the southern countries greece

maybe italy maybe maybe spain portugal may withdraw from the euro. the euro benefit the german nation more than anybody else because if we didn't have the euro we would have a glitch mark and we would have the lira italian lira deutsche mark would be here a little it would be here so it would be one say disbands for three four hour is what do you think you take probably the three for so if you're a good germany we'll have unemployment at twenty percent so they need to keep the euro going you have to remember that the european community as a collective is solvent. it is so good but the money is all in germany and not in the other places so whether they can keep it as a whole is going to be tough and it's particularly tough for the germans because the germans understand that they need the euro otherwise they're going to get

unemployment but the man in the street in germany sees his taxpayers' money going to these guys in greece who he thinks are very spoiled they don't pay tax they all get up in the morning or whatever they do actually they were pretty hot in greece but they don't pay their taxes so he resents that and that is politically very tough for the german politicians to sell that they have done it at the moment greece as being bailed out to the tune of three billion dollars three hundred billion dollars it's interesting those numbers you have to remember the biggest default ever in history first was russia which was seventy nine billion dollars after that was. shortly after that eighty two billion dollars you put that eighty two billion dollars as a country the biggest before we have ever seen today the greek debt is five

times bigger than that and five hundred billion right next door is italy's that five times bigger than greece two point five trillion dollars ok you put that sort of thing in the context of the eighty two billion you realize what we've got in europe we have never seen anything like it is huge so whether europe is how europe is going to pay back this debt the only way they can do it is to grow and they are growing one percent not even so it's going to take on a long long time in the meantime do they go into deflation. well they go into inflation the americans are terrified of deflation because they remember nineteen twenties soup kitchens people lining up in the street to get that super lunchtime greats of broth and so on steinbeck books and so on the germans are terrified of inflation because the one of the public eye just twenty nine fifty million dollar

trucks for a loaf of bread so when you understand what the inflation bill is this is inflation ok this is a one hundred little really that's a pretty a dollar note of one hundred trillion dollars that is inflation that is a zimbabwean dollar and that buys you probably in the bond way i don't know it was a coca-cola or something that is inflation so the germ of the thought of that when i was a boy we all had a million notes which were worth nothing and so you got a completely different attitude from europe and america in the western world on how this should all be approached ok but the question is so alongside went zero americans are also have a brain that it how do they do to maintain their higher living standards i don't know but they do maintain their living standards but they want to of course they do

everybody wants to america are in debt to the true american government as in the depth of the fifteen trillion dollars that the american government that's not the whole of america whole of america debt is probably forty trillion dollars but they have huge problems and housing policy prices go up the prices people being ejected out of their houses they even have in america they have tent villages where people living in tents you haven't seen them but they have america and it's beginning to come back a bit but they have on the employment of say eight point four percent. down from nine point four percent down to eight point three percent so they are very pleased that unemployment has gone by but if you look at those numbers a little bit more carefully you will see that between the ages of about twenty two and thirty five or fifty seven that figure eight point three between those ages

young people twenty two and thirty seven it's near a twenty percent unemployment. huge problems that will reduce. ability to spend consumer spending moving again so i don't think they are continuing to live and spend as they used to and two thousand and eight when we have a patent on the back of a massive massive credit boom people fear that we would have a double dip and here we are right on the edge of it thank you very much so it's great to have you with us today i care what what.

if . if.

you want to talk to. us here the street still keeps secrets of the times revealed versions of the soviet files on oxys. top stories this hour here in r.t. federal pilot grips the u.k. out of a possible driver strike and with fuel costs escalating london paris and washington consider releasing all reserves to push prices. while scary news it's all positions of foreign military intervention in syria as a divided arab league debate style to end violence. and also reporting the tens of thousands of them on justice across spain as workers protest against cuts and labor reforms with the general strike comes a day before the government is expected to announce more painful austerity measures . of you've got to with more developments more news for you in fifteen years from

now in the meantime units here with the latest action from the world of sport. could have your company this is sports we have plenty head over the next ten minutes or so including the stories and great. hardwood hopes build up a deficit in their euro league basketball quarterfinal with c.s.k. moscow after a victory against. but then there were eight the quarter final stage of football's europa league gets going in a few hours with manchester united's conquerors out let me build by looking like the team to beat. pedal to the floor or teach us exclusively to russia's first ever formula one driver of the telly petrol but his start the new campaign on his hopes for the future. we get going with basketball were assessed in moscow have suffered

defeat for only the second time in this season's year only the army men though still leading a quarter final series with bill heading into friday's game four ruled on by a capacity ten thousand fans the past side knew it would need an emanation from the competition side holding a precarious forty seven forty lead at half time health in particular by the outstanding mark obama at shit was close this puzzle this though top score for bill by with twenty points while our in jackson thirteen chris to choose game high twenty two points for the visiting russian simply not enough held on for a night before eighty one victory all the play for now in game four tomorrow. over in the n.b.a. meanwhile toronto have ended there are two game losing streak at the expense of denver and canada neither side in the respective conference playoff place is heading in she became so uptight for a was expected and that's what occurred eighty five piece something end of the

third period but it was the home side who came out on top andrea bargnani trying to . top it man with twenty six points hundred five ninety six the finals. brings us to football where this year's european giant killers are preparing for their next test in the europa league let it build who shot manchester united in the last sixteen gearing up to who shall in the opening leg of the competitions quarterfinals the spaniards have been hard in europe but inconsistent domestically sliding down to eleven place in the league shortly after beating united five three in our group gets on the constant shelter manager of stephen's thus admitting he's not certain just so good as opponents really are however he can come in classy and huntelaar he's the europa league top scorer with nine goals well let it moment or marcelo. to go all out by not resting any top players for saturday's clash with barcelona. but also polish or even an old german final is still

a possibility for lindsey it's equally more than just beaten at home and eight european games but they hung one in their last seventeen away matches twenty ten winners at let me call madrid hunted over for company and after dropping munches to city out in the last sixteen sporting will interest big favorites against mentalist of ukraine. in tennis women's world and one victoria azarenka has lost for the first time this year the russian feeling true to the sony ericsson open semifinals following defeat to marion bartoli. the twenty six march winning streak since the turn of the year run which included her screen open victory in melbourne in january it was the best start made by any player on the women's tour since martina hingis in one thousand nine hundred seventy but frenchwoman portelli the woman in control this time i'd winning in st six six three six three. faces poland's i've missed your advance in the last four that's for the fifth seed soft returning venus

williams in streets at six four six one this week saw a one hundred thirty fourth ranked. millions returned to competitive tennis for the first time since the us open last september after illness. and in the men's draw on the murray has moved his place in the semifinals after a four six six three six four win over young q-tip sorry bitch it was the servo that fought back from a break down to take the opener before murray did likewise in the second probably seeing on the march in the final set. will be the next challenge the spaniard coming out the right side of a three set quarterfinal with france's joe wilfried tsonga the ten time grand slam winner pushed all the way by the french open despite looking until after two breaks in the opening five games alone the dollar for two in the second before brave fight back was ended in the final set six two five seven six games the for the final score i and

a fellow commissioner roger goodell has stated he understands fines for stray sions following the league's recent punishment of the new orleans saints coach sean payton was suspended this month for the whole of next season after the merge the team were paying their players bonuses to injure opponents i worked very closely obviously as we were giving the saints we heard or saw it first hand of the saints passion and their fans question and i think i clearly understand their frustration but i also want us to understand a thirty two teams and everybody is going to have to operate by the same rules. derek just sore is meanwhile it's going to get back into the ring as he appeals his indefinite ban from boxing the twenty eight year old has his fight license revoked two weeks ago following a series of incidents before and after his loss to the telly klitschko in february there's some bug when born briton caused

a huge stir when he slammed the elder to score brother at the weigh in in germany zurich then spot water into the face of the younger brother who was ringside supporting his sibling right before the fight the telly went on sick unanimous decision before another klitschko nemesis david haye he stormed into the post match press conference prompting a scuffle which is sure the brawl leftists who were briefly detained by local police who are still seeking to question a show as camp sees the boxer's interests were not properly represented when his license was taken away on march. and finally to formula one where it's been a mixed start to the season for russians the tally petroff they come from driver is his first season with this new team after losing his place but that the borg rocket is optimistic about the future as he explained in an exclusive chat with r.t. . i think it was not a bust of a foot from clear the first place with them when they finished but anyway i think

we sure were good results and. in malaysia finally finished and actually it was a mood to receive the stimulus it started from where and then i was given the i saw it was actually really excited it was quite the picture one because it will save a lot difficult whiling and you can see the look of parliament or. yeah actually i did my sim i think on this team and then discard so now it's like first of all we can achieve something we're going to seem a few months seven hundred pounds going to a guy or pleading for an hour to come to a job actually it was very easy you know everything would be fair on this team it was almost the same like it had been that i know of course the people with smaller team. about the set up wise and the board came along with actually the same way and there is then arranging for an awful cold war with this engine i think it was.

really easy for me. but it was the mother's old seymour see right now we've kind of twenty minutes have more spending power. to put a bit more you know if you construct computer virus trying to find information you know of course when i left. and i understood now it's not a team that's new to me so dear and the championship and. i will need to go for it with another group of people but i think you know on your mind it's what important to understand is before when you go into the and foremost then you need to fight with a number of different people but what is good you want. take marks away from this got into putting this go on with thought or at least somewhere you know to in some places and i hope i hope in future we can do this i mean psychologically abusive step. point me to that you will need to of course those who of course you can't afford with the force importing but to you say that you will. you will drive the

same car you will feel the same level as you will of the good living for that to actually i don't see the good stuff still but for the people for those words prudence i think it's even more give me some it's been because it's new team it's new. it's too late to change it it may be good i've been stole it that was it but anyway you'll only gain something he says will give a more plausible minus revive it in a moment currency. and something some of. you will progress the piece as he remembers leave you the district you know from your time and no one to the power of the of course you would know if it could be you called the paper. because you know when that is the soul of course you know you always want to lean in in the moment that think what they did or did and what we did together with

a team of finishing sixth in place and move in the laser and the we managed to finish that ace in the wood on seven in front of the holders i think this is in the moment marksman with them doing the different tim pleased with what. comes months past your sport this hour and weather is next year in twenty four hour party. so for assistance a new job the rates of. the raise of your chemo for example a surgery of its own expect. breast cancers more than sen's on child cancers fourteen times we forget the exact details bullish huge numbers

there's not nothing that you have ever found in any epidemiological study anywhere ever there is a way that brings victory. to its creator. he's not alone some are more severe than others we have something that is born without skulls without organs and sometimes with their legs totally twisted what it means death to those who it's pointed at banas. ernster those who choose this window. and the celebrates and they don't realize that stay looking at their own future cuts. and arms this is just. it's so sad. i have. leakage and i show you some extent how much i have leakers.