and 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 that means the plan elias to save more to reduce that over time and that the lord with all the good old 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 recession in the eurozone that is call of 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 like not in june a new government is going to try to go to for

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 of the only. means of them there are mosques in the rich nation on that x. ray called upright believe there are still a good old historic still a ballance of who could 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 bully meltdown and the contagion of the rest of the eurozone is small there so it does not make us 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 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 diet's any band that's not sufficient 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 a long term stock nation if you hold and other the pressure and serious all these things happening at the same time maybe as the low probability by this very swift to conserve ourselves there's a chance that they europeans get their act together and while being number of years of of rediscover a sideshow an old bumpiness in fiscal condition about and surely you have more integration more of a fiscal union and more of a banking union that went for his asian eventually probably doing them so instead

of these integration you could 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 gradual over time 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 thought that midget so some view is that you know the europeans have to stick together to have their own the 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 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 lack of fiscal discipline or fiscal reckless that is that applies really the only only degrees c. has a reason to lie then cheat there then that that this is a fifteen percent of g.d.p. and their deficits blow up and then that led to the fiscal crisis but actually in that in spain in the island was the private sector that eventually led to the problems of having to bail out the banks large that fizzes that created 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 driven by excesses in the public sector at several of them where they've been occupied 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 no i don't think there would be a fiscal cries in the us even if the deficit and that large arising in probably goes u.s. can print money to finance is that this is something that you have some bankers unwilling to rule because of the u.s. dollars in the currency sold before in the manner of the rest of the emerging market is financing the largest. and current account deficits no consequence should be complacent over time if the us were not to do his own fiscal problem. if not of

the lyrics than 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 are for whatever is the result of the action next year whether it's going to be a president starting a plan that leads to fiscal discipline of his coke or sort of a show to be part of what the u.s. has to do you know to provide the risk of something bad happening he was you know would have been later in the u.s. than other contraries but he could also have been u.s. eventually but you expect the u.s. role in the dollars roll 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 waiting for the u.s. dollar the tween us fiscal and current take on that say by the realities for now there is not. going to the us dollar that's why people are still in this limbo on

the second question in the last year of the euro was close at one fifteen our growth two hundred twenty five i would say you know they are all still in financial problems it's a bag of breakout that the euro should weaken and these are likely to weaken the only thing that could maybe stop that we can solve the eurozone is either the us 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 you could start to rally again or 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 emerge. and what is the present

role of brics nations this strong growth economies the world of being an emerging markets until recently the brics by that i was sold some of the rising power as you know of turkey in than a job 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 you are sort of slowing down if not constructing but in part is because many of these companies and their way from market oriented go to foreign wars and well below the world these are better for you as a state that much of an intervention economy much role of the state on banks thing on enterprises so much protection is too much resource nationalism and over kind that's a negative because of a slowdown potential growth is going to lead to lower the long run you can only grow so more of the by the brakes 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 the not the time the g eight summit because he said he was busy creating his own cabinet that was a bit of a strange thing to do or like a snob you know in the case of the brakes the point is you know russia's potential growth to date based on the statements by the that with the government of your central bank is three and a half percent. try to maintain the recently were growing eight nine percent and now they're slowing down so you have a contrary you have low potential girl that where there is that you know not as much market oriented there was three reform you have aging. of hopewell nation

there is a certain amount of lack of transparency that as that amount of co-op shown. in the pentagon says that it is institutional weaknesses of course that also strength general or a source says a 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 this they've got their ways and so the lesson is you know open up the trade to investment 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 putting into a severe financial crisis something that's the lesson thank you thank you very much mr a pleasure being reviewed that.

wealthy british science done some time to. market why not. come to. find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines tune in to conjure reports on. the official t. up location of your ipod touch from the shops to. watch all the lights on the good. video on demand. the old cultist. and already says feet now in the palm of your.

question on the. morning news today. again flared up if these are the images the world has been seeing from the streets of canada. trying to corporations are relieved a. cool. mission. critical three times for chargers. arrangement three. three stooges free. and free blog video for your media project free media don carty 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 the protest trend on the wane. and israel begins implementing its time 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 he in paris he certainly did i tell you what kerry why have a tournaments at all just give the title after all feel a lot less stuff yeah let's see about your weeks of amassing a riot here is that once again seven times incredible stuff more not coming up in

just. thanks for joining us this is a plenty ahead including these stories and. important position nothing in their opening euro two thousand and twelve group march for game two against co-host poland on choose the evening. logic monday over rafael nadal borg's record of six french open titles with victory over world number one novak djokovic in the rain delayed five. then there was wall moscow plays host to the first unified because karate european championships in over two decades. every team at the european football championships 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 up. france won england won and is known as

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 under roy hodgson they had a manager who don't been in charge for forty days and missing a face to play is sitting suspended wayne rooney and i were up against long last team around between twenty one matches and the french have 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 hand side journey in left on the right is about quality aren't yours for 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 they present for england was posted by some industry he found ality are but he could only head straight up joe hart his reflexes they sure go but nine minutes after england today france did equalise some great work on the edge of the box by patrice evra from where very nasty to come punches and keep what 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 a new side karim benzema but one one stayed roy hodgson unbeaten in three games are on loan they do twenty two. co-hosts ukraine also getting their campaign underway in kiev on the day on the was 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 bunch of food poisoning last week but blocking his charges showed few ill effects during one of the games of the tournament to date 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. russian 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 rich and poor fate who's in warsaw has more on the group a clash. is going to be a huge night for russia on tuesday as they take on poland for a victory would be good enough to send them for you to the knockout stages but once again to come back out will have a full strength score to 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 if . 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 clinch 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 casualty of.

chavez finally managed to find his form again after a difficult start of year asin already 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 terrorize opposition defenses has been some talk of perhaps alexander occasional dropping to the subsidies bench after mr for 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 terms of balance i can seem 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 up and gave the nobility. of poland her training behind me

it's really among. swing game or at least get a draw on tuesday against the russians a vegan to keep her hopes alive of making the knockout stages bounce because we 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 and the fact the polish head coach was more than aware of. russia 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 ninety nine to six and coming up with a proper tactics for the match should hopefully help us continue that street too much russia shoulder 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 the mind and really concentrating on

getting a victory that will put them through to the knockout stages played r.t. wausau. flow 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 you know 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 a new man has been outlining his vision for the forth coming season i speak. there are several good teams in rushers such as commodities and. main girlies to compete with russia's best club in the prem a little late i believe they 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 spaniard seeing off we're number one novak djokovic in

a final. which rolled over an extra day because of rain but del held a two sets to one lead over night from sunday when they resumed serve jockeys which was proper break in the fourth the clay court came however quickly wiped out the 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 today but my guy said yes. that's after for me the important thing is winter and batters even if it is the first second or so. that's what's 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 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 in this morning's disappointed about this loss in moscow this weekend became a mecca for practitioners of the caio 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 a fifth done karate master you have helped create a. world union in october last year these european finals stretching far be only constant however with fighters from japan africa central asia and the middle east all on show. you could push a new puter was excluded grow to twenty five years we've seen numerous to what it's going to special how it is it's the first event uniting various schools of cocoa

shoes into. to be turned over to go to town to wear your armor in one thousand nine hundred or so additionally karate is currently on the show is to get into the limpid games. must be united with. less finish 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 fruity one melons to be exact on monday she picked the only one in front of the poll in flying the poles as we heard earlier take on russia tonight but russian fans perhaps shouldn't fret too much thirty three year old citic on her first prediction wrong when she gobbled up the melon which suggested poland would beat greece on the opening day the only true. church hope for russia yet that is all your sport for will be back in just under two hours time with more.

to get the maximum political impact. the material is worth keep. something. secret laboratory. to build a new. mission

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which brightened if you move soon from plans to. start on t v dot com.

united nations observers report a sharp rise in rebel attacks on syrian forces as nato chief painted a possible incursion regardless of un backing. russian opposition activists scare up for another mass rally in moscow after a similar demo last month led to clashes with protests straightened out on the way . israel begins implementing its plan to expel more than fifty thousand dollars for the refugees so what's seen as a racist purging policy deepens in the self-styled the racists of democracy. convenience cost your confidentiality today's june the sun show on r t is worrying evidence of firms prying into your privacy online.

international news and comment your watching r t the syrian rebels increasingly coordinated attacks on government forces and suddenly the government's response is being closely watched by the united nations secretary general ban ki moon personally voiced his concern as human observers reported intensified rebel activity rufenacht has 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 video from homestead shows explosions and shelling so you can see and hear them but again it's very hard to verify who is targeting who we have been able to speak to the spokes person of the u.n. supervision.