why not. find out what's really happening to the global economy with mike's cancer or a no holds barred look at the global financial headlines kaiser report. this is r.t. the main stories that we're covering for you now this hour united nations observers reporter sharp rise in revelers attacks on syrian forces mentors in chief instead of possible armed incursion regardless of the u.n. backing. russian opposition activists gear up for another mass rally in moscow after a similar to last month led to clashes for the protests trend on the way. and israel begins implementing its plan to expel more than fifty thousand dollars you can refugees what's seen as a racist purging policy deepens and self-styled oasis of democracy. every now and

economist who predicted the two thousand and eight o'clock wolf financial crisis nouriel roubini gives us his forecast of 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 or that the leverage of the private sector households vang's financial institutions corporates now as a result of the response of their krises discuss the memos bailing out banks and others over their massive surge in public that and that sits and now there is

a risk of conferees as opposed to individuals are bangs going badly confiscating selling 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 or two to be leveraging it means the span of 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 in happiness so we are still 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 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 year and i would say that is at least

a probability did they greece exit the euro zone thinking about actually even if they like not in june a new government there's another try to get a forum that it cannot mix issues becoming so sustainable that they will exit. and i would say that it could be good good for them as long as the exit is all the only . means of that there were massive the ratio a shown that acts were a common upright believe there are still a good old historic still a ballance of who could 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 billy meltdown and the contagion of the rest of the eurozone is mol this life is done niggas see it that way and it's fine on sundays all of the early probably 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 then contagion with iran on the banks he made early in spain then they lose market and then they eventually have to restructure the diet's any been 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 model 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 aside bumpiness in fiscal condition about 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 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 that is integration 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 some view is the other 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 problems because of lack of fiscal discipline or fiscal 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 is of 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

better by excesses in the public sector of several of them where they binocular by excesses in the private sector because of poor regulations provision of the bank as is the creator of a real estate than a. that and i cried bob 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 part 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 how i don't think they'll be a fiscal cries in the u.s. even if the deficit and that are large arising in part because u.s. can print money to finance is that this is something the europeans have long as unwilling to rule because of the u.s. dollars in the currency so therefore in the matter of china and the rest of the emerging market is financing the largest his current account deficits no

consequence should be complacent over time if the u.s. were not to deal with his own fiscal problem because not 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 election next year or whether it's going to be a president starting a plan that leads to fiscal discipline a fiscal consolidation to be part of what the us has to do you know to avoid the risk of something bad happening he was. later in the us than other contraries but you could also have been us eventually but you expect the us 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 i've been to the us dollar that the tween us fiscal

and current take on that say the reality is for now there is not that area because the us dollar that's why people are still in this limbo on the second question in the last year of the year was. close at one fifteen i'll go to one twenty five i would say you know they would all just go in financial problem that it's a bag of breakout that the u.s. should weaken and there's likely to weaken the only thing that would maybe stop that we can as of 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 this guy doing in that motel is a show restoring girl that. 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 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 strong growth economies the world of being an emerging markets until recently the brics but that always sold some other rising power as you know turkey or indonesia you know or mexico's not just the brics and what concerns 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 in brazil in part of this because europe and the us sort of slowing down if not constructing but in part is because many of these companies and their way from market oriented that of foreign wars a mile below growth of these about it for you as a state that much of an intervention economy too much role of the state owned banks then 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. don't say that what about russia specific role because recently you said the russia correct me if i'm wrong that russia's 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 you 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 briggs the pony's you know russia's potential growth to date based on their statements by the deputy governor of your central bank is the three and a half percent of the time i mean the until recently were growing eight nine percent now they're slowing down so you have a con three were you have low potential girl that where there is you know not as

much mock of those three reform you have aging of opal ation there is a certain amount of lack of transparency that is such that amount of corruption. tendencies in the political system that is institutional weaknesses of course that also is things 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've got a regime which is not pugilists affair but then having a strong economists thought in policy framework means that even it wouldn't times are bad then shocks would call from the rest of the global economy you're going to be able to back that up sort of those chalks rather than and cutting into a severe financial crisis and that's the lesson thank you thank you very much mr a

pleasure being with you today. wealthy british style the sun comes out on the tide of. the. market why not come to find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report. download the official antti application to go on the phone on pod touch from the. jaunty life on the go.

video on demand on t.v.'s mine gold costs and says feeds now in the palm of your. question on the dot com. more news today violence is once again flared up the phone these are the images the world has been seeing from the streets of canada. china corporations are today. if you. couldn't take three years for charges. three. three. three.

three braun video for your media project freed video dog r t dot com. united nations observers report a sharp rise in regular tax on syrian forces as nato chief into the possible persian regardless of un backing. russian opposition activists scare up for another mass rally in moscow after a similar last month led to clashes with a protest trend on the wane. and israel begins implementing its plan to expel more than fifty thousand african refugees and what seen as a race is purging policy deepens self-styled the racists of democracy. latest from the sporting world now the union and the king of play strikes again doesn't the in paris he certainly did i tell you what kerry why have a tournaments at all just give the title to ralph let's start yeah let's see about

what weeks of amassing a riot he is once again seven times incredible stuff more not coming up in just a sec. thanks for joining us this is more than a plenty ahead including three stories in three. important position nothing victory in their opening euro two thousand and twelve group much russia prepare for game two against co-host poland on choose the evening. logic monday over rafael nadal beats beyond borders record of six french open titles with victory over world number one novak djokovic in their reign delayed five. then there was wall moscow plays host to the first unified because cushion karate european championships in over two decades. every team of the european football championships have not played their first game group days turn in the spotlight

came on monday with england and france kicking off proceedings k. partridge talks us through just 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 they had a manager you don't need being in charge for forty days and missing a place to play is two things pending wayne rooney and i were up against long last team beaten in twenty one matches and the french had the best of the first half an hour but then he plans to open the scoring a free kick from steven gerrard on the right on side journey unless one knows about biology or running water or anyone else while the french could swiftly have equalized a free kick that was conceded by alex up a table in the eighteen year old every time for england was posted by sammy and as when he found ality are but he could only head straight up joe hart his reflexes say to sure go but nine minutes after england to open 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 the french were on top of the end of the first half and for most of the second and attempts to go there were times where johan could buy and also karim benzema but one wanted stayed roy hodgson unbeaten in three games or on loan twenty two. co-hosts ukraine also getting their campaign underway in kiev on the day on the as a successful are taking a brace from thirty five year old under a shift change securing his side a two one win over sweden after a slot on the bottom of it showed open the scoring seven minutes after the break. a remarkable turnaround both on and off the pitch the ukraine side had been suffering from a bite of food poisoning last week but manager blocking his charges showed few ill effects during one of the games of the tournament to take leaving fans throughout the country appearing 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. next meet france on friday while. into concert with the. russians football fans meanwhile are hoping for a double celebration later tonight with dick ethical and company taking on poland made russia day holiday festivities back home richard on port fate who's in warsaw has more on the group a clash. it's going to be a huge night for russia on tuesday as they take on poland where a victory will be good enough to send them fruit to the knockout stages but once again will have a full strength score choose from those were no injuries you'll be looking for his team to continue perform at solving the czech republic for one last time out. we've only played one game so we'll have to wait and see what happens in the next to match it was important for us to set the tone and when the opening clenched but that's all in the plan we're now focused on security all nine points by the end of

the group stages. for russia will be looking to build on their excellent performance against the czech republic where at times they really were irresistible form especially attacking triumvirate and. alexander casual call of close as well as finally managed to find his form again after a difficult start of your ass small really really was out of form but he was incredibly impressive against the czechs and is really key to russia's hopes at this tournament but he can be in top form and trying to terrorize opposition defenses has been some talk of perhaps alexander of dropping to the subsidies bench after mr whole host of chances against the czechs but my opinion had actually decent game he was just a bit unlucky not to find a back of an item number of the number david chances would have gone in so to be honest i concede to come back out staying with the same side already a lot depends on it russia can play a pace and i think the poles are going to find it very difficult. under a very strong team who have home advantage however we're confident that we can make things difficult for them so we know that if one of our players isn't playing well

someone else has to step forward and gave the nobility when. poland her training behind me it's really among. swing game or at least get a draw on tuesday against the russians are going to keep her hopes alive of making the knockout stages bounce because they could only manage a draw with greece in their opening game as well as the poles are actually very impressive in first twenty minutes is because briggs a whole host of problems but unfortunately just one able to keep balance rhythm and fluid football going for the rest of a match and really now we're on a lot of pressure against group favorites to try and at least get a result for russia they're going to have plenty of attacking tench of them selves trying to polish head coach was more than aware of. russia are clearly the favorites in the group and we have a very solid experienced team with plenty of firepower we haven't lost to them since nine hundred ninety six and coming up with a proper tactics for the match should hopefully help us continue that streak too much russia short of face an incredibly hostile atmosphere here when the match does

kick off with around fifty five thousand polish fans cheering on their team but it is important to russians put back the back of a mind and really concentrating on getting a victory that will put them through to the knockout stages played r.t. wausau. game where the new manager of russian premier league side spartak moscow has been meeting the media for the first time as boss of the red and white spaniard united emery for placing very carbon at the helm of the country's most successful side the forty year old signing a two year contract after coaching a league for the past four seasons and the new man has been outlining his vision for the fourth coming season i speed up. there's a real good teams in rushers searchers are commodities and. at least to compete with rushers the best club in the neat i believe there were three needed to start challenging them at the top of the table. that brings us to tennis where rafael

nadal has become the first man in history to win seven french open titles the spine you're seeing off were number one novak djokovic in a final. which rolled over an extra day because of rain the dull held a two sets to one lead over night from sunday when play resumed serve job which was op of break in the fourth the clay court came however quickly wiped out done advantage 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 new york at native. 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 winter and matters even if it is the first second. thoughts thanks me very happy very happy the way that i bled today and i'm just happy to be in this position to be playing finals are on gross you know i could easily. have lost the

match you know in fourth round or 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 this morning disappointed about this loss in moscow this weekend became a mecca for practitioners of the kyle cushion form of currency the russian capital playing host to the european championships which itself was the first unified event in the discipline for more than twenty years the most popular form of karate is strongly rooted in russia thanks to the country's former natural resources minister yuri yeth currently a presidential aides on the fifth done karate master you have helped create a. world union in october last year these european finals stretching for be only continent however with fighters from japan africa central asia and the middle east all on show. had grown to twenty five years we've seen

numerous to move the world is what is really special however because it's the first event uniting various schools of cuckoos into the day to be turned over to go to town to where you are marine one hundred ninety four additionally karate is currently on the short list to get into the olympic games so this must be united with achievement already. are less finished with football to remember paul the psychic octopus where he managed to predict correctly all of germany seven results up the twenty ten world cup and his successor has now arrived meets the elephant she lives a crock of zoo on her chosen method of prediction is a forty one melons to be exact on monday she picked the only one in front of the pole and flag poles as we heard earlier take on russia tonight but russian fans perhaps shouldn't fret too much thirty three year old sister got her first prediction wrong when she gobbled up the melon which suggested poland would be greece on the opening day the only true. church hope for russia yet

that is all your sport fell back in just under two hours time with more. it is to get the maximum political impact. the material is what helps keep them honest we. want to put. something else. secret. to building

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