already happening in greece and unfortunately when you have to watch private in public died it takes a long time up to a decade to do the leveraging means to sterilise to save more to reduce that over time and that implies the economic growth high unemployment rate and some degree of social and political instability and happiness so we are able 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 the 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 year and i would say that is at least they probably rated the greece exit the euro zone thing about actually even if they like not in june a new government has another tried to go to form

a very comic situation becoming so sustainable that they will exit and i would say that it could be good good for them as long as bags it is all the only. means of that there are mosques in the shown that actually called upright believe that it's for a good old historic so a ballance of who is going to be damaged the banks damage the savings of people in the banks and that's why they need more funding to make sure that he's not these old billy meltdown and the contagion of the rest of the eurozone is mol this so it does not make a see it that way and it's fine on sundays or 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 it 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 and in the thirty's well there is so pretty. a risk that the situation

could become these 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 diets and again that's not sufficient in a few years down the line they also i guess of the eurozone in which case the eurozone you know all 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 and serious and all of 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 europeans get their act together and wanted to be a number of years of of risk over a side issue and all of bumpiness in fiscal condition are right and surely you have more integration more of a fiscal union and more of a banking union that without 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 it has been garaged more integration and there's no choice because these integration with imply 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 let me get so view is that you know the europeans have to stick together to have their own weight in global. and i'll make an 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 what 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 a lack of fiscal discipline or fiscal reckless that is that applies really the only only degrees c. has a reason to lie than cheat that that is a fifteen percent of g.d.p. and the deficit blow up and then that led to the fiscal crises but actually in that in spain in the island was the private sector that led to the problems of having to bail out the banks large that is the crater 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 bad by excesses in the public sector at 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 an opposite 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 and that large arising in part because u.s. can print money to finance is that this is something the european central bank is unwilling to rule because of the u.s. dollars in the currency sold before in the manner of the rest of the larger market is financing the largest. current account deficits now no conflict which should be complacent over time if the u.s. were not to deal with his own fiscal problems. it is not going to do extend local

even as eventually you could have a fiscal train wreck or a sudden stop of copy dollars and that financial tomorrow could happen the united states that or for whatever is the result of the election next year or whether it's going to be a president starting a plan that leads to a fiscal discipline of disco 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 it could also have been us eventually but 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 and that means with the us dollar the tween us fiscal and current take on that say by the realities for now there is not. going to

through the us dollar that's why people are still in this limbo on the second question you had last year the euro was close at one fifteen our growth to one point five zero so you know they are all just telling financial problem that it's a bag. that the euro should weaken likely to weaken the only thing that would maybe stop that we can as of the eurozone. the u.s. economy come so weak that then the dollar weakens and the fed in pretty small me and then weakens the dollar or that finally the european get their act together the fund the ground plan that leads to a banking union fiscal doing in that motel is a show restoring gurlitt. and other things that the restore hope that the eurozone is going to stay together in which case the util could start to rally again are among of the main downside risks to the global economy you mention of course a very slow economic recovery where do you see the new tigers among. and what is

the present role of brics nations this strong growth economies the world of being an emerging markets until recently mowed the brakes by that i was 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 city in russia you see it in brazil in part of this because europe and the us sort of slowing down if not constructing but in part these because many of these countries and their way from market oriented that of foreign wars a mile below the world these are better for us a state that much government intervention economy too much role it's the state owned banks thing all the enterprise is too much for a faction is too much resource nationalism and over time that's a negative because of a slowdown potential growth is going to lead to lower the long run we can only grow so more of the brakes are actually going in the wrong that actually in the next few

years that's a risk that we have to consider 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 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 you're present in this side then not the kind the g eight summit because he said he was busy creating his own cabinet that was a bit of a strange thing to do with like a snob you know in the case of the breaks the point is you know russia's potential growth today based on their statements by that but the going to be our central bank is three and a half percent. time i mean the until recently were growing eight nine percent and now they're slowing down so you have a con three we have low potential girl that where there is that you know not as much market oriented there was three or four of you have. aging of hopewell nation

there is a certain amount of lack of transparency that has some of that amount of core option. tendencies in the pentagon says that is institutional weakness as of course that also is thank general or a source says 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 got their ways and so the lesson is you know open up the trade to investment to convert the flows of course i've got i go with a regime which is not pugilists affair but then having a strong to call him and his thought on policy framework means that even a wooden times are bad then shocks would call from the rest of the global economy you're going to be able to back that up sold was chalk's rather than and getting into a severe financial crisis at the end that's the lesson thank you thank you very much mr a pleasure being reviewed that.

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download the official antti application to go on the phone on pod touch from the still. one life on the go. video on demand parties in line broadcasts and already says feeds now in the palm of your. question on the dot com. welcome to the. science technology innovation all the list of elements from around russia we've gone to the future or covered. mission three couldn't take three. three. three. three. three. three blown to mediocre for your media project

a free media party dot com. united nations observers witness an intensification of prevalent attacks across syria as nato chief instead of possible. with or without un backing. russian opposition activists scare up for another mass rally in moscow. last month led to the clashes protester and now on the way. and israel begins implementing its plan to expel more than fifty thousand can refugees it's not seen as a racist policy self-styled democracy. let's have the sports news with the union russians who want to take center stage again tonight at the u.n. they certainly it's a big ask but shouldn't rush it be to poland in warsaw tonight they're pretty much into the quarter finals more of that kerry in just a sec. thanks

for joining us this is sports and 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 choose the evening. monday rafael nadal beats you on board record of six french open titles and 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 a partridge talks us through what happened. france won england won and is known as

even from the european heavyweights in the first match in group d. following one came into the stone of the only world cup winners never to have won the euros and on the roy hodgson they had a manager who don't need being in charge for forty days not missing a face to play as he suspended wayne rooney and they were up against a long lost team there and beaten in twenty one matches and the french had 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 generally unless one is about quality are or for england one in their last while the french could swiftly have equalized a free kick that was conceded by alex up a table in the eighteen year old ten percent for england was posted by sun and nasri he found ality are but he could only head straight up joe hart his reflexes say to sure go but nine minutes after england today france did equalise some great work on the edge of the box by patrice evra front we're very glad nancy cup us and the path was on the french were on top of the end of the first half and for most of

the second and attempts to go the returns by year one could buy it and also karim benzema bought one one and stayed roy hodgson unbeaten in three games go on loan maybe twenty to. partridge being here for co-hosts ukraine also getting their campaign underway on the day and it 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 each other open seven minutes after the break a remarkable turnaround both old and off the pitch the korean side had been suffering from a bunch 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 now seeing ukraine in the driving seat to secure one of the two automatic qualifying spots from group d. the next meet france on friday evening between. thing at euro two thousand and

twelve and russia are gearing up for their second group a game against co-host poland on tuesday night our correspondent richard dunne portrayed is travelling with dick advocaat squad. well this is russia's training base just outside of warsaw in the lovely small town of vic where they'll be preparing for the euro two thousand and twelve championships of a training session was open the first fifteen minutes before it was closed to the press and this is what went on a lot twenty three players are out of a pitch training for a game against poland which comes up on tuesday was a great spirit in the camp especially after before one victory against the czech republic but the russians really were in fantastic form good thing is the who realized of those one one game we start now calls version of poland i don't see any . 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 or surely the 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 really been waiting for this much more than anything else and also the poles they looked very good going forward against the greeks and caused 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 really disappointing or for very little movement going forward and really did happen outside of got a look at it especially for the dortmund trio who could pose russia quite a few problems expected very tough match against howland because they're playing it they 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 warren i failed 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. all in all things are going very very well for the russians so far following about opening day when confidence of a camp is sky high has been a really relaxed mood in the camp the times i've been in poland even before violence where i'm very moscow and they'll be looking to try and keep moving the best possible shape for victory against poland on tuesday and the warsaw national stadium which of onboard fleet r.t. vick 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 of that red white spaniard unite emery replacing valerie parv and at 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. order there is a real good teams in rushers such as commodities and. main goalies to compete with russia's best club in the prem a little elite i believe got everything needed to start challenging 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 dull held a two sets to one lead over night from sunday although one play resumed serve which was a break in the fourth click or king the delaware were quickly why i thought advantage and went on to wrap up the win six four six three two six seven five there are three 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 today but my guy said yes. that's after for me the important thing is winterland matters even if it is the first second third or seventh. 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 are on gross you know i could easily. have have lost 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. in this morning disappointed about this loss. moscow this weekend became a historic location for practitioners of the cairo cushion form of karate the european championships taking place in the capital where the first unified event in

the discipline for more than twenty years occurred the most popular form of karate strongly rooted in russia thanks to the country's former not sure resources minister your eat currently a presidential aides and a fifth done karate master help create a world of union in a towbar 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 i get to. twenty five years we've seen numerous to me but 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 towns who are younger and nine hundred ninety four additionally karate is currently on the short list to get into the limpid games. must be united to achieve that goal really. in europe now i finally back to

football to help to remember paul the psychic octopus well he managed to get results of the twenty ten football world cup in south africa and we now can meet the psychic elephant sister lives a crack of the honest poland's outer to octopus paul eason 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 threw. who's to say she will be wrong again but we're not coming off in two hours time but now it's the weather here in twenty four hour arts.

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

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united nations observers witness a sharp rise of rebel attacks across syria as nato chief into the possible armed incursion with or without un backing. russian opposition activists gear up for another mass rally in moscow after a similar demo last month led to clashes with protests trend on the way. israel begins implementing its plan to expel more than fifty thousand african refugees as what's seen as a racist policy deepens in the self-styled ways of democracy. and convenience costs year confidentiality to days during the song show what r.t. is pouring evidence of prying into your privacy on the night.

live from moscow you're watching r t the syrian rebels increasingly coordinated attacks on the government forces and i start led governments and the response is being closely watched by the united nations secretary-general ban ki-moon personally voiced his concern as u.n. observers reported intensified rebel activity. as the latest now from within syria the opposition activists have been accusing the syrian army of shelling the residential areas in the town something the government denies since the beginning of the uprising here in syria last march they've been insisting on shelling on targeting only the places where terrorists and militant groups are based we've also been receiving the feed from homes that shows explosions and shelling so you can see and hear them but again it's very hard to verify who is targeting who.