going belly up qantas having solid risk in the fall as already happening in greece and unfortunately when you have to watch privately in public that 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 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 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 i would say that you know by next theater i would say that is at least a probability did they greece exit the euro zone thinking about it surely even if

they like not in june a new government has another tried to get a forum 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 bags it is all the only. means of that every mosque in the nation that actually called upright believe that a store or a good old historic center of ballance of course would be damaged the banks damaged the savings of people in the banks and that's why they need more funding to make sure that it's not these old billy meltdown and the contagion of the rest of the eurozone is mol this life is not make you see it that way and it's fine and sunnies 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 euro zone 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 from. more

than a decade in europe in the thirty's well there is certainly a risk that the situation could become these or that in the eurozone like at these all of the early default an exit by then contagion will run on the banks he made early in spain then they lose market and then they eventually have to restructure the diets and been 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 a long term study nation if you and other the pressure on interest and now 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 one of the be a number of years of of rediscover a sideshow and all of bumpiness in fiscal condition are right and surely you have more integration more of a fiscal union more of

a banking union that would put his asian eventually probably doing and so instead of these integration you could have a process 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 but some people say they have no choice and every time there's been a cries in europe it has been a gradual bit more integration and there's no choice because the disintegration with imply economic and financial damage and even in germany i alone in the world economy without a rising power like china already in the. or existing superpower like us could be economic and i just made it so somebody who is the. 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 a lack of fiscal discipline or fiscal recklessness that applies really the only only degrees c. has a reason to lie then cheat there then that that is a fifteen percent of g.d.p. and they're 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 the greater 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 ocular 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 in the house but sent 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 us can print money from us is that this is something the european central bank is unwilling to rule because of the u.s. dollars in the currency so therefore in the manner of the rest of them or the market is financing the largest piece from current account deficits no country could should be complacent. over time if the u.s.

were not to deal with his own fiscal problem 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 that action next year 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 it would have been later in the u.s. than other contraries but it could also have been us eventually but you expect the u.s. role and 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. and that means with the u.s. dollar that the tween us is going to kind of take on that say by the realities for

now there is not that. kind of through the u.s. 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 were all just telling financial problem that it's a bag of breakout that the girl should we likely to leave the only thing that would maybe stop that we could have sold the euro zone easy you there the u.s. economy comes so weak that then the dollar weakens and the fed pretty small me and then weakens the dollar or that finally the european get their act together to find the ground plan that leads to a banking fiscal doing in that motel is a show restoring gurlitt. and other things that the restore hope that they eurozone is going to stay together in which case you could start to rally game right among the main downside risks to the global economy you mention of course very slow we could. mc 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 breaks but it always sold some of the rising power as you know turkey or in the nice 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 of this because many of these countries are moved away from market oriented that of foreign wars and all the local he's got it for us a state propaganda a much government intervention economy too much role it's the state owned banks thing 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 you 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's 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 your president aside the 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 brics the point is you know russia's potential growth to date based on the statements by that with the governor of your central bank is three and a half percent. trying. to do recently were growing eight nine percent now they're slowing down so you have a contrary you have low potential girl that where there is that you know. not as

much mock of those thoughts on a forum you have an aging of open nation there is a certain amount of lack of transparency that has some of that amount of core option. tendencies in the pentagon sees them not as institutional weaknesses of course that also is thank 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 coppin eyes and so that as sunny is you know open up the trade to investment to convert the flows of what i do 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 and shocks when called from the rest of the global economy you're going to be able to back that up sword was chalk's rather than and putting into a superior financial crisis at the end that's the lesson thank you thank you very much mr a pleasure being with you to the.

world. technology innovation all the developments around russia we've got the future covered. a.f. . and i'm sure old guard you've got a story around about that crazy lady with a convertible to. the bridge but there were times. i was on death row for nineteen years right there. he said dully like let me go the law. society has condemned these people as less than human it is necessary to punish crime everything we do to punish crime. nobody wants to be.

the american. i won't be there i will now my.

united nations observers reports a sharp rise in rebel attacks on syrian forces as nature's own chief in such a possible prompting coersion regardless of the u.n. backing. russian opposition activists scare up for another mass rally in moscow after a similar month led to clashes the protest trend down 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 self-styled away system democracy. but next it's the sports update with. i gather that elephant some predicting football games now surely not yet i think a better than some analysts as well as 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 apt for r.t. more not carry very short. very welcome to sport today here in twenty four hour r.t. i'm you know these are headlines. in pole position nothing victory in the opening euro twenty twelve group much russia for game two against cool poland later on choose a. logic monday rafael nadal beats you on board record of six french open titles with victory over were number one. in a rain delayed final. then there was wall moscow plays host to the first unified. karate european championships in over two decades. every team the european football championships played their first game group d's turn in the spotlight came on

monday with england 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 d. wellington came into this town 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 missing a place to play as he suspended wayne rooney and they were up against a long lost team around between twenty one matches and the french had the best in the first half an hour but then open the scoring a free kick from steven gerrard on the right hand side journey and left it on the right is about values we are running for england won the last while the french could swiftly have equalized a free kick that was conceded by alex up a table in the eighteen year old a present for england was posted by sammy and nasri he found allergy araa but he could only head straight joe hockey's respects and say to sure go but nine minutes after england today been france did equalise some great work on the edge of the box by patrice evra front we're very glad nancy to come buses and keep watch 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 to buy it and also karim benzema bought one one and stayed roy hodgson unbeaten streak games are on loan maybe 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 to all the way over sweden after start on the brim of a child open 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 most. charges showed few ill effects during one of the games of the treatment leaving fans throughout the country daring to dream. this is the very pleasant picture there are seeing ukraine in the driving seat to secure warmth of the true mike false teeth the next meets fronts on friday

with the business taking on sweet. russian football fans meanwhile are hoping for a double celebration later tonight with dick advocates taking on poland amid russia day festivities back home rich of on port fleet 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 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 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 two matches it was important for us to set the tone and win 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 close as well as

finally managed to find his form again after a difficult start of year and are small when he 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 try and terrorize opposition defenses has been some talk of perhaps alexander occasional dropping to the subsidy spend after mr whole host of chances against the czechs in my opinion had actually a decent game he was just a bit unlucky not to find a back of a net on another of the davids chances would have gone in so to balance i concede to come back out 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 things difficult for them so we know that if one of our players isn't playing well someone else has to step up their game to the nobility. of the poland who are

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 the life of making the knockout stages fans 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. band's rhythm and fluid football going for the rest of a 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 and the fact the polish head coach is more than aware of. russia are 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 if that's 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 that the

russians put back the back of the mind and really concentrating on getting a victory that will put them through to the knockout stages. hearty wausau. 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 you know i am replacing flurry coffin at the helm of the country's most successful side forty year old signing a cheer contract after coaching a league aside for the past four seasons on the new man has been outlining his aims 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 premier league delete i believe everything needed to start challenging them at the top of the table with a job ahead for him let's talk tennis for roughly a lead 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 metal held the two sets to one lead over night from sunday although one play resume 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 a 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 that is even if it is the first second. that's what's makes 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 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 very 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 crime in the world a strongly rooted in russia thanks to the country's former natural resources minister. currently a presidential aide and a fifth down a karate master no less helped create a cushion world going in in october last year these european final all stretched far beyond the continents with fighters from japan africa central asia and the middle east all on show. it was. twenty five years 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. or additionally karate is currently on the show is to get into the limpid games. must be united to achieve that goal when. you 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 to meet the elephants. 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 shit tonight but russian fans prop shouldn't fret too much thirty three year old sick of her first prediction wrong when she called up the melon which suggests that poland would be greece on the opening day but the only. well i have to find out if she's right in a few hours time. in two hours time with. well

. it's technology innovation all the developments around russia we've got the future covered.

sigrid laboratory to mccurdy was able to build a new its most sophisticated robot which all unfortunately 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. comfort is the least you have. your money is the last you need if you travel this way. language is common. do you see. the. emotions are intense. and experience priceless.

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russian opposition activists launch another mass rally in moscow after a similar demo last month led to clashes with protests on the way. to nations observers before the sharp rise in rebel attacks on syrian forces as nato chief possible persian. backing. israel begins implementing its plan to expel more than fifty thousand dollars you can refugees is what seen as a racist purging policy deepens the self-styled democracy. confidentiality today's show on our t.v. is worrying evidence of prying into your privacy online.

your with carrie johnson a very warm welcome team now russia's opposition is getting back into protest mode with a march through central moscow now getting under way a similar rally in may descended into violent clashes with dozens of police officers injured and criminal cases filed against those who started the trouble with. greaves for more on this. we're at the starting point what's happening where you are. still seeing people in large numbers. starting point for the demonstration now there's definitely in the thousands. twenty thousand have to bear in mind here does tend to be some discrepancy between the claims of activists and the claims of authority when it comes to numbers at demonstrations. in the past normal less doesn't seem like they've reached that fifty thousand has been officially sanctioned for this demonstration just.