this is r t the headlines the united nations observers witness a mass intensification of rebel attacks across syria as their own chief into the possible armed incursion with or without un backing. russian opposition activists scare up for another mass rally in moscow after a similar deborah last month led to clashes in the protests trendline on the way. israel begins implementing its plan to expel more than fifty thousand african refugees it's what's seen as a racist purging policy deepened in the self-styled away sense of democracy. when

next i mean around economists who predicted the two thousand and eight global financial crisis real routine gives us his forecast what we can expect next and whether europe can weather the storm. mr b. thank you very much for your time in two thousand and six you predicted that there would be a deep economic crisis and six years later we're still in it now did you expect it to last so long that it would be so deep and where are we in the middle in the beginning or maybe there's like the end of the tunnel and the crisis morphed into thousand and six was a problem of too much that the leverage of the private sector households bangs financial institutions corporates now as a result of the response of their krises discuss the memos bailing out banks and other is over their massive surge in public that and that sits and now there is a risk of conferees as opposed to in the be the world's or bangs going belly up

qantas having solvent risk in the fall as already happening in greece and unfortunately when you have to watch privately in public died it takes a long time up to a decade to do the leveraging it means to spend less save more to reduce that over time and that implies a more economical high unemployment rate and some degree of social and political instability and happiness so we are still to i would say. you know this slow economic growth if not outright the recession the eurozone that is called the faults by governments is going to stay with us for a number of years if you gave a percentage of a chance of greece exiting the euro zone how much would that be and would it be good for greece to come out of the years and i would say that you know by next theater i would say there is at least

a probability did they greece exit the euro zone thinking about actually even if they elect not in june a new government there's another try to get a forum that it cannot mix issues are coming so sustainable that they will exit. and i would say that it could be good good for them as long as the exit is orderly . and means that then there are mosques in the ratio a shown that acts for a common upright believe that a store or a good old historic set of ballance of course will be damaged the banks damaged the savings of people in the banks and that's why they need more funding to make sure that he's not these old really metal down and the contagion of the rest of the eurozone is mol this life is done they can see it that way and it's finance and he's all of the early probably it's a it's a manageable look on the bags do you think in the worst case scenario when greece for example exits the years and we see defaulting on its debt other countries in the peripheral europe also doing the same following its example do you think we might be going back to the so-called economic dark ages that we've seen for more

than a decade in europe in the thirty's well there is certainly a risk that the situation could become this or that in the eurozone like at these all of the early default an exit by. contagion with iran on the banks he made early in spain then they lose market and then they eventually have to restructure the any band that's not sufficient in a few years down the line they also ags of the eurozone in which case the eurozone you know breaks up and you could have a significant european and a global you know financial turmoil and then you could end up like japan with long terms like a nation if you hold and other the pressure of interest and now all these things happening at the same time maybe as the low probability but there's a risk we have to conserve ourselves there's a chance that they get a peons get their act together and while the being number of years of of rediscover a lot of bumpiness in fiscal condition about and surely you have more integration

more of a fiscal union and more of a banking union that went from his asian eventually probably you're doing your own soul instead of these integration you have a process leads to great that. integration and eventually more stability for europe in the global economy do you think that's actually possible because europeans basically do not see much of a perspective of a political union because you know greeks and say swedes they do not align themselves together they do they think of themselves as separate nations some people are skeptical some people say they have no choice and every time there's been a cries in europe there's been a gradual bit more integration and there's no choice because the disintegration with imply massive economic and financial damage and even in germany i alone in a world economy without a rising power like china or india. or existing superpower like us could be economic and i just like the midget so the way is the you know the europeans have

to stick together to have their own weight in global economic and even political affairs many books including yours have been written as to the reasons behind the housing market collapse in the united states what about in europe would you put the most blame on and how much is brussels to blame for what's happening right now so you know sometimes people tend to say the eurozone problem is because of lack of fiscal discipline or fiske of recklessness that applies really the only only to greece yes there is a lie then cheat there then that there is a fifteen percent of g.d.p. and the deficit blow up and then that led to the fiscal crisis but actually in that in spain in the island was the private sector that the venture led to the problems of having to bail out the banks large that physic rate that the fiscal problem was all the fiscal problem the first place. so you know you cannot generalize there are different types of crisis within the eurozone not all of them were necessarily

better by excesses in the public sector of several of them where the binocular by excesses in the private sector because of poor regulations provision of the bank of says that a creator of a real estate than a. and a credit bubble what about the main economic power in the united states you said that economic growth would slow down next year to one one and a half percent do you think that also apart from slowing economic growth the united states runs the risk of seeing pretty much the same what's going on in the euro zone right now for not no i don't think there will be a fiscal cries in the us even if the deficit than that of a large arising in part because u.s. can print money to finance is that this is something the europeans have long as i'm willing to rule because the u.s. dollars in the presidency so far in the manner of china and the rest of the emerging market is financing the largest prescribed and current account deficits

now no country could should be complacent over time if the u.s. were not to deal with his own fiscal problem because a lot of the lyrics then local given as eventually you could have a fiscal train wreck or a sudden stop of copy dollars and then financial tomorrow could happen the united states that or for whatever is the result of the action next year or whether it's going to be a president starting a plan that leads to a fiscal discipline a fiscal consolidation to be part of what the u.s. has to do you know to avoid the risk of something bad happening he was you know would have been later in the us than other contraries but you could also have been us eventually do you expect the u.s. role in the dollar as role as a reserve currency to to continue as it is right now to maintain its positions and what is your take on the euro dollar rate because last year we asked you the same question and you said that you would not bet your money on the euro and you are right about now there is a generalized happiness way with the u.s.

dollar that the tween us fiscal and current take on that say the reality is for now there is not the. kind of the us dollar that's why people are still in this limbo on the second question in the last year of the euro. close at one fifteen i'll go to one twenty five i would say you know they would all just fill in financial problems that it's a bag of breakout that the u.s. should weaken and there's likely to weaken the only thing that could maybe be stopped that we can have sold the eurozone is either the us economy come so weak that then the dollar weakens and the fed prints money and then weakens the dollar or that finally the european get their act together the find the ground that leads to a banking union fiscal doing and that mattel has a show restoring girl that. and other things that restore hope that they eurozone is going to stay together in which case you could start to rally again all right among of the main downside risks to the global economy you mention of course very

slow economic recovery where do you see the new tigers mudge and what is the present role of brics nations this strong growth economy as the world of being an emerging markets until recently the brics but that always sold some other rising power as you know turkey or in the knees you know or mexico's not just the brics and what concern is about the briggs and other emerging market is in all of them for the federal reserve and there's now a slowdown of growth you see it in china see iraq you see it in india in brazil in part of this because europe and the us sort of slowing down if not constructing but in part of this because many of these companies and their way from market oriented that of foreign wars a mile below growth of these are better for you as a state that much government intervention economy much role of the state owned banks than all the enterprises so much protection is too much resource nationalism

and over that's a negative because of a slowdown potential gold is going to lead to lower the long run we can only grow so mordred about the brakes are actually going in the wrong that actually in the next few years that's a risk that we have to. can say that what about russia specific role because recently you said the russia correct me if i'm wrong that russia should not be considered as one of the brics nations and the will never be included into the g eight if it continues with its with its basically protectionist policy what you know on the g eight you know your prize in the side the not the time the g eight summit because he said he was busy creating his own cabinet there was a bit of a strange thing to do like a snob you know in the case of the breaks the point is you know russia's potential growth to date based on the statements by the deputy governor of your central bank is the three and a half percent of the time in india until recently were growing eight nine percent now they're slowing down so you have a contrary you have low potential girl that where there is you know not as much

market oriented there was three reform you have aging of population there is a certain amount of lack of transparency that has some of that amount of corruption and there are some. tendencies in the police got system that is institutional weaknesses of course that also is thank you know all resources good skilled labor force is allowed to con three could they play an important role in the global economy by the thing that the important role and that success is conditional on moving away from state cop delays and so the lesson is you know open up the trade to investment to cover the flows of course i've got i go with a regime which is not pugilists affair but then having a strong economists thought and policy framework means that even it wouldn't times are bad then shocks would calm from the rest of the global economy you're going to be able to back that up sort of the stocks rather than and cutting into a severe financial crisis and then that's the lesson thank you thank you very much

mr a pleasure being with you today. there hasn't been a thing good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism on us we. we want to present. something else.

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old free broadcast clothing videos for your media project a free media party dot com. united nations observers witness an intensification of rebel attacks across syria as nato chief instead of possible. with or without u.n. backing. russian opposition activists scare up for another mass rally in moscow after similar. lots of clashes protester and now on the way. and israel begins implementing its plan to expel more than fifty thousand can refugees as what's seen as a racist purging policy deepens the self-styled places of democracy. let's have a sports news with you know russians who want to take center stage again tonight that you can certainly it's a big ask but should rush it be to poland in warsaw tonight they're pretty much

into the quarter finals more of that carry in just a sec. thanks for joining us this is sports a plenty ahead including the euro two thousand and twelve auction right now. in pole position after a victory in their opening european championships group much russia perfect game against poland on tuesday evening. magic monday rafael nadal beat the on board record of six french open titles with victory over world number one novak djokovic in a rain delay final. then there was one history is made a small school plays host to the first ever unified. european championship. every team euro twenty twelve played their first game group d's turn in the

spotlight on monday with england and france kicking off proceedings k. partridge talks us through what happened. france one england won and is on is even from the european heavyweights from the first match in group the following one came into this tournament the only world cup winners never to have won the euros and on the right had some had a manager who don't have been in charge for forty days now missing a face to play as he thinks the spending wayne rooney and i were up against long last team beaten in twenty one matches and the french have the best in the first half an hour but then influenced open the scoring a free kick from steven gerrard on the right hand side journey and left it on the right is about quality arranmore for england one delegate while the french could swiftly have equalized a free kick that was conceded by alex outplayed chamberlain the eighteen year old every time for england was posted by sammy and i was very he found allergy are but he could only had straightened out hearts his reflexes say to sure go but nine minutes after england france did equalize some great work on the edge of the box by

patrice evra from where very nasty to come punches and he was run the french were on top of the end of the first half and for most of the second hand with ten minutes to go there were times where you're hunted by and also karim benzema but one one stayed roy hodgson unbeaten in three games or on loan even twenty two. partridge here co-hosts ukraine also getting their campaign underway on the day i was a successful are being a brace from thirty five rule i'm going to shift change this recurring his side a chew on win over sweden of the slots on every game of h. how to open seven minutes after the break a remarkable turnaround both on and off the pitch the korean side had been suffering from a bite of food poisoning last week but. georgia showed you ill effects during one of the games of the tournament to date leaving fans throughout the country daring to dream. this is the very pleasant picture they're not seeing ukraine in the driving seat to secure warm of the two off the mark qualifying spots from group the

next me front on friday things meant if it's one. thing at euro twenty two over russia gearing up for their second group a game against co-host poland on tuesday night our correspondent richard brown portrayed is travelling with dick advocaat squad. well this is russia's training base just outside of warsaw in the lovely small town of silly old vic where they'll be preparing for the euro two thousand and twelve championships well the training session was open the first fifteen minutes before it was closed to the press and this is what went on a lot when the free players are out we're out of a pitch training for the game against poland which comes up on tuesday was a great spirit in the camp especially after four one victory against the czech republic where the russians really were in fantastic form good thing is there the who realized as one one game we start now. i don't see any. players with the ideas for the. game so there goes bowling different game different

opponent and. you can get the same result but it will be more difficult than the first one was surely to test against poland will be a completely different kettle of fish for the russians well first of all they'll have to deal with a very hostile crowd have really been waiting for this match more than anything else and also the poles they looked very good going forward against the greeks because the russians quite a few problems in that area and also we can't really play as badly as the czechs did i mean they were briley disappointing off with very little movement going forward and really dick advocaat side have got a look at it especially for the dortmund trio who could pose russia quite a few problems expect a very tough match against howland because they're playing the drew one one in their first game in that result wasn't enough for them as they do in point on tuesday they'll need a win so they'll be playing only for victory i think they got the count is likely to go over the same starting line up the played against the czech republic and that will include alexander cares a cough ok va he did miss seven chances very good chances but he did have

a number of good opportunities to score but then again he was very good in creating opportunities for the russian team of course he set up goal and on another day a lot of those efforts would have gone in and he would have had a much better better reputation after the game some of the main thing for us in that game was the. team warns i fail to call myself a happens but i don't care if a school or not as long as my team wins the final result is the most important of all in all things are going very very well for the russians so far following the opening day when confidence of a campaign sky high has been a really relaxed mood in the camp the time they've been in poland even before violence where i'm very moscow and they'll be looking to try and keep that mood in the best possible shape of a victory against poland choosy and the warsaw national stadium richard engel fleet r.t. vic poland. all right let's move to a club game now where the new manager of russian premier league side spartak moscow has been meeting the media for the first time as boss all that red and white

spaniard unite emery replacing valerie parv end of the helm of the country's most successful side the forty year old signing a two year contract after coaching the league a side glance here for the past four seasons on the new man has been outlining his sayings for the forthcoming. i speed up call i hold out there's a really good teams in rushers searchers. and. main goal is to compete with rushers the best club in the prem a little neat i believe got everything needed to start challenging them at the top of the table. brings us on to tennis where rafael nadal has become the first man in history to win seven french open titles the spaniard seeing off world number one novak djokovic in a final which rolled over an extra day because of bad weather but all held a two sets to one lead overnight from sunday of the one play resumes which was a break in the fourth click or king the delaware were quickly wife died the other frontage and went on to wrap up the win six four six three two six seven five the

victory described as a very emotional one by the i mean your connect. sure the seventy's in part of them because i am a player who has more to do but my guy said yes. that's after for me the important thing is window and matters even if it is the first second. touch woods thanks me very happy very happy the way that i bled today and i'm just happy to be in this position you know to be playing finals all wrong gross you know i could easily. have laws the match you know in fourth round or even an even more against stronger but i managed to come to the finals for the first time in my career i should be happy about it of course i will be and i am but in this moment i am disappointed about this loss. moscow this weekend became

a historic location for practitioners of that cairo cushion form of karate the european championships taking place in the capital where the first unified event in this plane for more than twenty years occurred the most popular form of a strongly rooted in russia thanks to the country's former natural resources minister yuri. currently a presidential aide and a fifth done karate master helped create a world of union in a cobra last year these european championships reaching far beyond the continent with fighters from japan africa central asia and the middle east all on show local world and european champs from twenty four countries showcasing their skill on technique in moscow and the ever has huge aspirations for the sport. it took. twenty five years we've seen numerous to go this one is special however because it's the first event uniting various schools of kuku should use into the death of its founder to must return to where you are in one thousand nine hundred

four additionally karate is currently on the short list to get into the limpid games so. must be united to achieve that goal when. you finally back to football to help you remember paul the psychic octopus well he managed to get results at the twenty ten football world cup in south africa and we now can meet sitter the psychic elephant sister lives a crack of the honest poland's answer to octopus paul meddling to protect the results of much as on monday she predicted that poland will beat russia in tonight's group a match the russian fans don't fret too much the thirty three year old only protection today was wrong saying the poles would beat greece on the opening day they grew. who's to say she will be wrong again more on that coming up in two hours time but now it's the weather here in twenty four hour art.

the. there hasn't been anything good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we. we want to present. something else.

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