science technology innovation all the developments around russia we've got this huge earth covered. welcome back you're watching r t let's take a look at the top stories of the week as well as the latest news people of greece had to the polls for the second time in two months to decide the country's future with their choice impacting the entire eurozone they're left with two options to side with the steering or to revolt against it the move which could ultimately spell greece's exit from the euro. you know the nation's peace plan for syria is near collapse as observers say it's getting too risky for them to continue their mission and minutes play violence this as moscow denies u.s. claims that a russian military cargo ship is on its way to syria with weapons and troops. and an agent activist say the revolutions in jeopardy and are boycotting the ongoing

presidential poll after the military claimed all branches of power for itself as long as it's facing off against mubarak's last prime minister with critics saying the other man's a champion of change. and it's our teacher hats to the person who predicted the global economy crisis the consequences of which are still being felt across the world. 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 all we middle in the beginning or maybe there's like the end of the tunnel the crisis morphed into thousand and six was a problem of too much leverage of the private sector households bangs financial institutions corporate now as a result of the response to their cries is this called theme of those bailing out

banks and other is where the massive surge in public that and that sits and now there is a risk of contraries as opposed to individuals are bangs going belly up qantas having solvent risk and the faltering as already happened in greece and unfortunately when you have to watch private in public that it takes a long time up to a decade or two to be leveraging that means to supplant elias to save more to reduce that over time and that implies that more economical high unemployment rate and some degree of social and political instability and happiness so we are able to i would say. you know these economic growth if not outright the recession the eurozone that is called the followed by government is going to stay with us for a number of years if you gave a percentage of the 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 that is at least they probably rated the 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 form a very comic situations becoming so sustainable that they will exit. and i would say that it could be good for them as long as the exit is all of the only. means that then there are mosques in the nation on that x. ray called local could be that a store a good old historic set of ballance of course they'll be damaged the banks damaged the savings of people in their banks and that's why they need more funding to make sure that payson all these old believe and the contagion of the rest of the eurozone is mall there so if they could see it that way and it's fine i said these are all of the early probably it's a manageable look on the bags do you think in the worst case scenario when greece

for example exits the years and we see defaulting on its debt other countries in the peripheral europe also doing the same following its example do you think we might be going back to the so-called economic dark ages that we've seen for more than a decade in europe in the thirty's well there is certainly a risk that the situation could become these 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 there was market and then they eventually have to restructure the and that's not separation 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 totem all and then you could end up like japan with long terms like a nation if another depression. all these things happening at the same time maybe out of the low probability but there's

a risk we have to conserve our selves there's a chance that the europeans get their act together and while the being number of years of. fiscal condition are right and surely you have more integration more of a fiscal union and more of a bank you know that what is asian eventually probably you're doing and so instead of these integration process leads to great that. integration and eventually more stability for europe in the global economy do you think that's actually possible because europeans basically do not see much of a perspective of a political union because you know greeks and say swedes do not align themselves together they think of themselves as separate nations some people are skeptical some people say they have no choice and every time there's been a cries in europe there's been a gradual bit more integration there's no choice because that is 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 a major it so view is 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 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 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 that there is a fifteen percent of g.d.p. . deficit blow up and then that led to the fiscal crises that are actually in the in spain in the island was the private sector that the venture led to the problems of having to bail out the banks large their physical rate their 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 prevented by excesses in the public sector of 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 realize they then. 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. 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 for us is that this is something the european central bank is unwilling to do because the u.s.

dollar still is of currency so therefore in the mind of china and the rest of emerging market these financing the large us. current account deficits. they could should be complacent over time if the u.s. were not to deal with his own fiscal problem because a lot of the lyrics then local even as eventually you could have a fiscal train wreck or a sudden stop of copy and then financial tomorrow could happen the united states that are for whatever is the result of the election next theater whether it's going to be a president starting a plan that leads to fiscal discipline or fiscal consolidation to be part of the what the u.s. has to do you know to avoid the risk of something bad happening you guys you know better later in the us than other companies but it could also have been us eventually would 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 right about now there is a generalized. happens where the u.s. dollar 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 in the last year of the euro. close at one fifty now close to one twenty five you know the old skull and financial problem that it's a bag that over break out suggests that the us should weaken and is likely to weaken the only thing that could maybe be stopped that we can as of the eurozone is either the us economy come so weak 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 fight in the ground leads to a banking union doing and that i'm told is a show restoring girl that. and other things that are stored hope that the eurozone

is going to stay together in which case you are. again all right among the main downside risks to the global economy you mention of course a very slow economic recovery where do you see the new tigers and what is the present role of brics nations strong growth economies the world of being an emerging markets until recently the brics but that i was sold some of the rising. turkey in the asia 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 there is now a slowdown of growth you see it in china see iran you see it in brazil in part of this because europe and you are sort of slowing down if not constructing but in part these because many of the their way. to form the floors of all the low growth companies about it for two as

a state that he's too much government intervention they call on me too much for all of the state owned banks then all the enterprises too much protection is too much resource nationalism and over time 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 at the top of the brics are actually going in the wrong that actually in the next few years that's a risk that we have to. say that 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 it 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 your prize in this side the not the time the g eight summit because you said he was busy creating his own cabinet there was a bit of a strange thing to do or like a snob you know in the case of the briggs the point is you know russia's potential growth to date based on the statements by the deputy governor of your central bank

is three and a half percent of the time i mean the recently were growing eight nine percent now they are slowing down so. you have a low potential girl that where there is you know not as much market oriented there was three or four m. you have aging of population there is a certain amount of lack of transparency that is that amount of corruption. in the seas 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 three could they play an important role in the global economy by the thing that the important role and that success is conditional on moving away from state cop delays and so the lesson is you know open up the trade to investment flows of course i'd go with a regime which is not pugilists affair but then having a strong economist thought on policy very much brains that even it wouldn't times

are bad then shocks would call from the rest of the global economy you're going to be able to back that up sort of the stocks rather than and heading into a severe financial crisis and that's the lesson thank you thank you very much mr leisure being reviewed. an. eleven. month. to. six years. and.

six. hasn't been seen on t.v. . it is to get the maximum political. true is worth hopes journalism we. we want to present. something real.

people of greece have to the polls for the second time in two months to decide the country's future and what their choice impact in the entire eurozone they are left with two options to side with the stereo or to revolt against it the move which could ultimately spell greece's exit from the euro. the united nations' peace plan for syria is near collapse as observers say it's getting too risky for them to continue their mission and in escalating violence this has moscow denies u.s. claims that a russian military cargo ship is on its way to syria with weapons and troops. and an egyptian activist say they're revolutions in jeopardy and are boycotting the ongoing presidential poll after the military claimed all branches of power for itself as long as it is facing off against mubarak's last prime minister with critics saying neither man's a champion. of time in sports now and enters got the latest from your twenty twelve

and beyond. hello there welcome to the sports these are the headlines right for us here who crash out of the european championships after one more defeat to greece to reach the quarter finals against all the. while the czechs also made the quarter finals after a one zero win over poland. and class on grass world number three roger federer a big russian recall youzhny to reach the final of the cherry. but first russia out of the european championships they failed to qualify for the quarter finals after losing one nil against greece in warsaw that scoreline enough to send the russians home after the czech republic beat poland one nil in the are they going to secure

top spot in group a watching the russian heart break with richard. russian service has been solved in championships offer an incentive to play against greece the greeks have one thing that they want to do not just offended numbers and trying to rush on the counter-attack i mean play a big game plan work around certain sure each on the sort of half time stage in the russian defense a liar and an onus for you run a mile if they haven't been shot from the back of an attempt to get the greeks but they need russia hundred played by me but they didn't play well and even they just were unable to create anything in attack to be honest i'm not one major major problems the longer game went on russian made for cement for the greek defensive players as i am certain of the fun times that they gave russian no to spain one so whatever i'm saying you really have to get credit for greeks the way they played they were able to hold on to the tourney and russian and go i was of atonement for the czech republic they were able to be potent by goal so nil really really

depressing things really for the russian play that some have started so well but unfortunately they are based on them and are complaining. because of a result cameo again why. she said there russia's fate if they could be saved by the czech republic to poland one nil to claim top spot in the year the chick with the gold in that game and joining them in the quarter finals are greece who against all the odds progressed to the next round they finished second they started the day bottom of the table while russia worked but it's them who progress russia. germany have said they'll have to be careful against denmark on sunday despite needing only a draw to finish top of group a the germans held their final final training session in live on saturday deciding not to hold it. in order to preserve the pitch there lukas podolski is set on his hundredth cap for his country and the germans want to

make sure the occasion also marks their passage to the last eight but despite topping the table they could still go out of the competition defeat by more than one goal against the danes and thanked me for portugal over the netherlands would send them home early but those computers are two months and i have a feeling the team recognise immediately that we haven't qualified yet if you look at the different possibilities you find out that it can happen quite quickly that we could still go out and have to be careful against denmark despite the fact that we played very dominant until now and we beat the teams that were the hardest opponents on paper holland and do what you can. what germany are one of the hot favorites at this year's european championships but they haven't enjoyed an entirely happy camp by munich start only cruz has told newspapers he's not satisfied with being a substitute and has only played a total of twelve minutes in the eighteen games against the portugal against portugal and the netherlands but general manager all of

a bit off the night such comments have unsettled the squad. does enjoy the most is the of them i think the most important thing is that this is not transferred to the team it will always be like this in the tournament we've played two games now and there will be unhappy comments from players that come up on the one hand you ask yourself is it really necessary. i'm quite happy that i'm satisfied that they're not thinking i'm happy to be here and just spend time it's important that the manager trusts them and that you always make sure to them that they are the chosen ones or. have a little look at growing a porsche to play the netherlands in the other game there on saturday there are many possible permutations here but the easiest thing to say at the moment is that all four teams can still reach the quarter finals and a draw for germany in portugal would be enough to send them free. health way sleep could be with their star striker mario balotelli for their last game against ireland on monday the manchester city forward injured his nature in training and is

being assessed ahead of their must win match against the irish meanwhile italy's coach scoffed at conspiracy theories surrounding the last games in group c. even if italy win on monday they would still be knocked out if spain incorporation played at a high scoring trough that result would sink those two sides both would progress to the last eight but cesar plan barely had this to say to the conspiracy theorists. the forty acres agree that i really have a hard time listening to these debates but the i really do you know that's not the way i see things your part we're talking about the champions of both world cup and euro the team which over the westin use energy in the whole world with their game and with their contagious enthusiasm everybody wants to copy this team in a way should be the thinking of the words you see with this kid we have a problem here we really do if we think we want to cheat. to prove his point spain of also stressed that only aim is to be a defender out be all laughed at suggestions there could be an agreement between

the sides and said his team wanted to finish on top of groups a. lot of was there to do is a result is a possible result just like one meal or any other what is clear is that we're going to win the game and as always italy will have to win their game and. creation alike will go out there will be no agreement that is stupid and each team will go to the field of weaning the game and not depending from others. meanwhile ireland have described their exit from the euro as heart breaking they're preparing to meet italy and it determined to avoid a three straight or three straight defeats at the tournament but it mitt there you are a dream has been well and truly shattered. it's a privilege a dream to go play in the championship there were. people in that regard it's just . so it. is more to.

do well you know we haven't. played against teams all right it's hard to accept. that our best at the moment is. elsewhere three for president sepp blatter says he has no doubts brazil will host a successful world cup in twenty six states the football chief is currently in europe why and gave their three manager of their national team to bart as an order of merit medal for his achievements in football but blatter also said that despite the construction and infrastructure problems brazil has faced it will be ready to host football's biggest told. brazil will organize an exception world cup it is a country that at the moment ranks number six as an economic power it cannot fails we are aware of some problems but we are in this together and as i've said we will continue working hand by hand this isn't far because in football we should not be used but the military tant is complete trust in the brazilian there been

a zation to prepare the world cup. elsewhere to take villanova has been officially unveiled at the new barcelona coach after signing a two year deal with the cattle and side the forty two year old steps up after assisting former pastor boss pep guardiola the pesty of the club to a staggering fourteen tight. out of the possible nineteen over the past four years before cardio recorded a day at the end of the season last month so villanova has a tall order to follow but he is not intimidated by the familiar. i'm not worried about any possible comparisons between the all in myself i will just try to do my job well and it will give you just as much time as i did when i was an assistant coach because i give my all you can before so i'm not worried about any comparisons. away from football and roger federer has reached his first final on grass this season he thrashed russia's mikhail youzhny in straight sets at the jerry webber open to set up

a showdown with tommy haas federer made this one look simple taking the first set six games to one and then having a little trouble in the second winning that six four for the match federer has now beaten usually in all thirteen of them made things. probably they face more resilience from the local favorite tommy haas the german winning his semi against philipp kohlschreiber in straight sets seven five seven six. motorsport hunder. has grabbed his first pole position he'll start at the front of the grid for sunday's british grand prix the spaniard fastest in qualifying on a rain swept silverstone track he was just over three seconds faster than american ben spies while defending champion casey stone was quickest jumping ship later you'll get it ends i will start from for trouble for nicky hayden he crashed out on the start and seven dollars to carry teammate valentino rossi also tumbled in similar circumstances but recovered to claim

a ten spot. when they went to make two more would do so nor do they make a little bit difficult because rain. i d n e i going to get good grief i just wait for two more race see what the war today would do whether we have just. so i do do do make a good decision i try to stay again he had a moral and a reminder of our top story russia have been knocked out of the european championships after losing one nil to cory saturday's the sport the weather his coming up next.

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