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tv   [untitled]    June 12, 2012 6:30am-7:00am EDT

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this is r t from moscow it's kevin owen with the headline update here russian opposition activists launch another mass rally in moscow today with a reported twenty thousand people taking part but a high nationalist turnout sparking fears the demo may not run as peacefully as intended with people across the story all afternoon for you also united nations observers report a sharp rise in rebel attacks on syrian forces as nato zone chief hints at a possible armed incursion regardless of u.n. backing. that israel begins implementing its plan to expel more than fifty thousand african refugees as what see there's
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a racist purging policy deepens in the self-styled oasis of democracy. next a renowned economist who predicted the two thousand and eight global financial crisis speaks to us no real roubini gives his forecast of what we can expect next whether europe can weather the storm. mr beattie 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 krises morphed into thousand and six was a problem of too much red 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 bailing out banks and
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other is 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 badly qantas having selling risk in the fall as already happening in greece and unfortunately when you have to watch privately in public died he takes a long time to do the leveraging. 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. 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
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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 they're probably related they greece exit the euro zone thing about actually even if they like not in june a new government has another tried to get a forum that it cannot 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 ratio a shown that actually called upright believe that is still a good old historic sell 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 billee meltdown and the contagion of the rest of the eurozone is mol this so if it's done they could see it that way and it's finance and these are all of the really 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 this or that in the eurozone like it is all of the early default an exit by. contagion we've arrived. on the banks they made early in spain then they lose market and then they eventually have to restructure the diet's and again 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 breaks up and you could have a significant european and a global you know financial totem all and then you could end up like japan with long terms like a nation if you hold and other the pressure and serious 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
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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 will probably zation eventually probably your doing and so instead of these integration you have a process leads to greater 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 bit more integration and there's no choice because the disintegration would imply massive economic and financial damage and even in germany i alone in a world economy without
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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. 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 problems because of a lack of fiscal discipline or fiske of recklessness that applies really the only only to greece yes a reason to 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 fizzes they created the fiscal problem was all the fiscal problem the first place. so you know you cannot generalize there
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are different types of crisis within the eurozone not all of them were necessarily better by excesses in the public sector at several of them where the binocular by excesses in the private sector because of poor regulations provision of the bankers is that a creator they real estate than an asset 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 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 nano i don't think there will be a fiscal cries in the us 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 the european central bank is unwilling to rule because of the u.s. dollars in the currency sold for in the manner of china and the rest of the larger
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market these financing the largest. current account deficits now no consequence should be complacent over time if the u.s. were not to deal with his own fiscal problem because not going to do extend the competitiveness eventually you could have a fiscal train wreck or a sudden stop of copy dollars and then financial tomorrow could happen the united. it's 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 or 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 you 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 and that means with the u.s. dollar that the twin u.s. is going to kind of take on that say by the realities for now there is not that. kind of through the us dollar that's why people are still in this limbo on the second question you had last year the euro was close at one fifteen our growth to one twenty five i would say you know they are all just telling financial problems that it's a bag of breakout that the euro 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 u.s. 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 that fund the ground plan that leads to a banking union fiscal 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
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again are 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 their strong growth economies the world of being an emerging markets until recently the brakes but that i was sold. some other rising power as you know turkey or in the knees you know or mexico's not just the breaks 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 city in russia you see it in india you see the in brazil in part of this because europe and the us sort of slowing down if not constructing but in part these because many of these come there is a move away from market oriented that of foreign wars a mile below growth of these about a for us a state of them so much government intervention economy too much role of the state
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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 we 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'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 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 that 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 today based on the statements by that with the governor of your central bank is the three and a half percent. time i mean the recently were growing eight nine percent now
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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 thought sort of forum you have aging of opal ation there is a certain amount of lack of transparency that has some of that amount of corruption . and tendencies. and the pentagon says them that is institutional weaknesses because that also is thank you know 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 import that old and that success is conditional on moving away from state got their ways and so the lesson is you know open up the trade to investment to convert the flows of course i do with a regime which is not pugilists affair but then having a strong economy as thawing policy framework means that even a wooden times are bad then shocks would call from the rest of the global economy
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you cannot be able to back that up sold was shocks rather than and cutting into a c b a a financial crisis i think that's the lesson thank you thank you very much mr a pleasure being reviewed that.
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well with. science technology innovation all the latest developments from around russia we've got the future covered. stories today on r t the russian opposition activists launch another mass rally in moscow is happening right now in fact with a reported twenty thousand people taking part but a high nationalist turnout sparking fears the demo may not what is peacefully is intended totally across the story more on it so throughout the coming hours. united nations observers report a sharp rise in rebel attacks on syrian forces as nato chief in said a possible armed incursion regardless of un backing. but israel begins implementing its plan to expel more than fifty thousand african refugees as what seen as a racist purge in policy deepens in the self-styled oasis of democracy. more stories more like rally as well r.t.
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dot com now where that's got up to speed with the sport unions here at quarter to three moscow time of course we just watch just under eight hours now from russia's football is taking center stage again tonight that's right there's a quarter final spot out tonight but it's a big one it's against poland in warsaw for. twenty twelve more not kevin in just the same car. if you're with us this is for today plenty heading polluting the stories increase. in pole position after victory in their opening euro two thousand and twelve group much russia prepare for game two against co-host poland on choose the evening. magic monday rafael nadal borg's record of six french open titles with victory over world number one novak djokovic chinnery until a final. then there was one more school plays host to the first unified
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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 partridge talks us through what happened. france one thing going on 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 under roy hodgson they had a manager lead only been in charge for forty days and missing a face to play is the suspended wayne rooney and they were up against a long lost team beaten in twenty one matches and the french have the best in 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 unless one knows about the military are running for england won their lot 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 sammy and
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as he found allergy our body could only head straight joe hart his reflexes say to sure go but nine minutes after england today in 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 there were times where your mind could buy and also karim benzema but one wanted stayed roy hodgson unbeaten streak games are on loan they did twenty two. co-hosts ukraine also getting their complaint under way in kiev on the day was a successful adding a brace from thirty five year old under a shift change this securing his side at two on win over sweden after him of it should open the scoring seven minutes after the break. or mark will turn round both on and off the pitch for the ukrainian side who had been suffering from a bite of food poisoning last week but. charges showed few ill effects during one of the games of tournaments to date leaving fans throughout the country daring to
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dream. and this is the very pleasant picture of their no seeing ukraine in the driving seat to secure one of the two automatic qualifying spots from group d. the next day france on friday with england taking on sweden. russian football fans meanwhile are hoping for a double celebration later tonight with dick advocaat side taking on poland amid russia day festivities back home richard from 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 for you 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 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
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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 at arsenal 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 occasional dropping to the subsidies penshoppe to mr for host of chances against the czechs but my opinion had actually decent game he was just on a bit unlucky not to find a back of an arsenal number of david chances would have gone in so to be honest i can see him to come back out staying with the same side and really a lot depends on if 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. of 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 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. dance rhythm and fluid football going for the rest of a march 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 street too
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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's important that the russians put back to the back of the mind and really concentrating on getting a victory that will put them through to the knockout stages. darty wausau richard looking very smart moving 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 ferrari karpen of the helm of the country's most successful side the forty year old signing a two year contract after coaching a league a side glance here for the past four seasons on the new man has been outlining his aims for the coming season. order there's a real good teams in rushers searchers. and. main goal is to compete with russia's best club in the neat i believe they were three needed to start
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challenging them at the top of the table. let's switch codes to tennis where rafael nadal has become the first man in history to win seven french open titles the spaniard seeing off world number one novak djokovic in a final which rolled over an extra day because of rain but del held a two sets to one lead over night from sunday although when play resumes for a job which was up a break in the fourth the click or king or whatever quickly wiped out that advantage and went on to wrap up the win six four six three two six said. games to five the victory described as a very emotional one but a new york 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. 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
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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 how will be and i am but in this moment disappointed about this loss moscow this weekend became a mecca for practitioners of the kyle cushion form of karate 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 cruddy across the globe is strongly rooted in russia thanks to the country's former natural resources minister yuri currently a presidential aide and a fifth karate master trim you have helped create a world you know last year the european finals reaching far beyond the continent this time outs with fighters from japan africa central asia and the middle east all on shall. get
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a new puter as he started karate for twenty five years we've seen numerous to what it's really special how it is it's the first event uniting various schools of cocoa shoes into the death of its owner it's a big mess to talk to a young marine one hundred ninety four additionally karate is currently on the short list to get into the olympic games so this must all be united with the vocal when. there is no more california dreaming for the los angeles kings the ice hockey side trying to n.h.l. . panes for the first ever time dorle suitors charge is doing the business in style in game six to win for two overall a six one hummer of the new jersey devils on monday raising nineteen years of painful memories nineteen ninety three the last time they had reached the finals losing to montreal the kings are stunning goaltender jonathan quick afterwards lifted the console my trophy playoff m.v.p. . and finally back to football now you may remember paul the psychic octopus he
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managed to predict correctly all of germany seven results of the twenty ten world cup well his successor has arrived. the elephant lives i kruk of zeus on her chosen method of prediction is there for you on melons to be exact on monday she picked the one in front of the pole and flood the poles as we heard earlier take on russia tonight but russian fans props shouldn't fret too much thirty three year old sister got her first diction wrong when she gullible dropped the melon which suggested poland would be greece on the opening day the only. thing you know and let's hope she's wrong tonight as well the love is all your sport the weather is next here in twenty four hour. well. science technology innovation all the latest developments from
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around russia we've got those huge you're covered.
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