tv [untitled] June 12, 2012 4:30am-5:00am EDT
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that's how the main headlines now united nations observers report a sharp rise in the rebel attacks on syrian forces as nato chief entered a possible. regardless of un backing. russian opposition activists gear up for another mass rally in moscow live pictures here after a similar demo last month led to clashes protests trend now underway. and israel begins implementing its plan to expel more than fifty thousand african refugees it's not seen as
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a racist purging policy deepens. democracy. when next every now and economist who predicted the two thousand and eight global financial crisis the real rubini 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 light at 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 on corporates now as a result of the response of their krises discuss the memos of bailing out banks and
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others over the massive surge in public that and that sits and now there is a risk of conferees as opposed to individuals or bangs going belly up qantas having 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 that means this plan elias to save more to reduce that over time and that implies a more economical high unemployment rate and some degree of social and political instability at hand happiness so we are still 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 we've asked 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
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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 elect not in june a new government there's another try to get a forum in that it can all 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 all the only. means of then there were mass in the ocean a shown that acts for a common upright believe that it's for a good old historic set of 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 really metal down and the contagion of the rest of the eurozone is mall there so if it's 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
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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 disorderly 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 any band that's not sufficient in a few years down the line they also i guess in 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 study nation if you and other the pressure of interest 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 europeans get their act together and while being number of years
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of of rediscover a sideshow and all of 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 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 about some people say they have no choice and every time there's been a cries in europe there's been a gradual of a 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
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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 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 problems because of lack of fiscal discipline or fiske of recklessness that applies really that 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 crises 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 the greater the fiscal problem was
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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've been actually 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 no i don't think they'll be a fiscal cries in the u.s. 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 that you have so long as i'm willing to rule because of the u.s. dollars in the currency so therefore in the manner of the rest of the larger market
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these financing the largest prescribed and current account deficits now no conflict which should be complacent over time if the u.s. were not to deal with his own fiscal problem because not going to do extend local might even 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 or whether it's going to be a president starting a plan that leads to fiscal discipline of 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 u.s. than other contraries but he 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
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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 by the realities for now there is not. the us dollar that's why people are still in this limbo on the second question 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. that the girl 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 mani and then weakens the dollar or that finally the european get their act together the find the ground leads to a banking union fiscal doing and that mattel has a show restoring girl it. and other things that a store of hope that they eurozone is going to stay together in which case you
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could start to unravel a game or a 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 is the world of being an emerging markets until recently the brics but that always sold some other rising power as you know turkey in the knees you know or mexico's not just the brics 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 the 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 bit of foreign wars a mile below growth of these about it for you as a state that so much government intervention economy too much role of state owned
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banks then all the enterprises so much protection is too much resource nationalism and over that's a negative because it's going to slow down potential gold it's going to lead to lower the long run we can only grow so more than about the brakes actually going in the wrong that actually in the next few years that's a risk that we have to. and 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 in the g eight you know all your prize in this 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 with like a snob you know in the case of the brig's 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 recently were growing eight nine percent now
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they're slowing down so you have a county were you have low potential girl that where there is you know not as much market oriented those thoughts on a forum you have aging of opal ation there is a certain amount of lack of transparency that is such that amount of corruption. and tendencies in the political system that is institutional weaknesses of course that also is things you know or a source is good skilled labor force is allowed to con three good 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 do 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 call from the rest of the global economy you're going to
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be able to back that up sort of those shocks 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. well. technology innovation. developments. i'm sure old guard you got a story are out about this crazy lady with a convertible that honk for every time she. was on death row for nineteen years. that. has
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these people less than human it is necessary to punish crime and everything we do to punish crime is unpleasant. but it needs to be done nobody wants to be linked to the nazis but the historical antecedents of the american death penalty today come in large part from the nazis and the sad part is state of texas gets their way and they execute him and i won't be allowed to touch him until after he's dead he's my only time i leave the house. and he keeps telling me they can't hear me in there because it's all cinderblock and concrete. every time i go. i won't be there i will now knowing my.
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united nations observers reports a sharp rise in rebel attacks on syrian forces as nato zone chief in such a possible. regardless of u.n. backing. russian opposition activists scare up for another mass rally in moscow after a similar month led to clashes the protest trend now on the way. and israel begins implementing its plan to expel more than fifty thousand african refugees and what's seen as a racist purging policy deepens the self-styled away system democracy. but next it's the sports update with you that. i gather that elephant some predicting football games now surely not yeah i think they're better than some analysts as
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well and yet euro two thousand and twelve the elephant polish told us who's going to win tonight between russia and poland so it's very up for r.t. more in the carry very short. very welcome to sport today here in twenty four hours r.t. i mean these are headlines. in pole position after victory in the opening euro twenty twelve group much russia for game two against cool host poland later on tuesday. logic rafael nadal beats be on borg's record of six french open titles with victory over were number one. in a rain delayed final. then there was while moscow plays host to the first unified.
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karate european championships in over two decades. every team at the european football championships have not played their first game group d's turn in the spotlight came on monday with england and france kicking off proceedings kate partridge talks us through what up. france one england won and is on is even from the european heavyweights from the first match in group the 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 you don't need being in charge for forty days not missing a place to play is feeling suspended wayne rooney and i were up against a long lost team here i'm beaten in twenty one matches and the french have the best in the first half an hour but then open the scoring a free kick from steven gerrard on the right hand side from jersey and left on the right is about biology arranmore for england won their lot while the french could swiftly have equalized a free kick that was conceded by alex off a table in the eighteen year old every time for england was posted by some industry he found ality are but he could only head straight out joe hart his reflexes saved
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a sure goal 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 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 it and also karim benzema but one wanted stayed roy hodgson unbeaten in three games there on loan beating twenty two. inch ukraine also getting their campaign underway in kiev on the day on it was a successful lawyer saying a brace from thirty five year old underage should change go cheering his side at the two always over sweden after start on abramovich had opened the scoring seven minutes after the break. a remarkable turnaround full so on and off the pitch the ukraine side had been suffering from a bite of food poisoning last week but. charges showed few ill effects during one of the games of the treatment leaving fans throughout the country daring to dream.
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this is the very pleasant picture there are seeing ukraine in the driving seat to secure warmth of the truth often called mike's false teeth the next meets fronts on friday with taking on sweet. russian football fans meanwhile are hoping for a double celebration later tonight with dick advocates taking on poland amid russia deficit things back home rich of on port fleet who's in warsaw 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 dick advocaat will have a full strength score to choose from those were no injuries you'll be looking for his team to continue the form of 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
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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 close as well as finally managed to find his form again after a difficult start of year and are 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 dropping to the subsidy spend half the mr whole host of chances against the czechs in my opinion had actually decent game he was just one bit unlucky not to find a back of an arsenal number of davids chances would have gone in so to be honest i concede to come back at staying with the same side and really 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
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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 a must win game or at least get a draw on tuesday against the russians are going to keep her alive making the knockout stages fans 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. band's rhythm and fluid football going for the rest of the match and really now we're under 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 potential themselves trying to polish head coach was more than aware of. russia clearly the favorites in the group and they 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 proper tactics for the match should hopefully help us continue that streak too much russia short of face an
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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 of the russians put that back of a mind and really concentrating on getting a victory that will put them through to the knockout stages. harty warsaw. well let's move to the club 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 unite emery replacing fillery carpet at the helm of the country's most successful side forty year old signing a two year contract after coaching a league aside for the past four seasons on the new man has been outlining his teams for the forthcoming season. there's a real good teams in rushers searches. and. main goal is to compete with russia's best club in the neat i believe everything needed to start challenging
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them at the top of the table with a job ahead for him let's talk tennis were feeling dollars 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 ruled over an extra day because of rain but i'll help the two sets to one lead over night from sunday although one play resumed which was opera break in the fourth the clear court king over quickly wiped out that advantage and went on to wrap up the win six four six three two six seven games to five the victory described as a very emotional one by the new york and native. sure the seventy's in both of them because the 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. 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
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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 moment i am disappointed about this loss. go this weekend became a mecca for practitioners of the coke cushion form of karate the russian capital playing host to the european championships which itself was the first unified event in the dispenser more than twenty years the most popular form of karate in the world this strongly rooted in russia thanks to the country's former natural resources minister. currently a presidential aide on a fifth down a karate master no less helped create a question world going in in october last year these european final streatch to far beyond the continents with fighters from japan africa central asia on the middle east all on show. if the new puter was studied karate for twenty five years
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we've seen numerous two but this one is special however because it's the first event uniting various schools of kuku should listen to the death of its parts of it must return to where you are and nine hundred ninety 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 are finally back to football you may remember paul the psychic octopus he managed to predict correctly all of germany's seven results at the twenty ten world cup finals well his successor has arrived meet the elephants she lives. her chosen method of prediction is a fruity one melons to be exact on monday she picked a honey do you want to front of the pole and fly the poles as we heard earlier take on tonight but russian fans props shouldn't fret too much thirty three year old city got her first production wrong when she got up the melon which suggests that
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secret laboratory in the kirby was able to build a news most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans in the world this is why you should care only on the dot com. the. comfort is the least you have. the money is the last that you need if you travel this way. language is
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