it construction but it's the people in the obama administration talking about how much they care about the women of afghanistan it's not true they don't care about the women of afghanistan. they are now thank you for joining our team with a quick recap of your headlines people of greece headed to the polls for the second time in two months to decide at the country's future with their choice impacting the entire eurozone they are left with two options to side with austerity or to revolt against it but 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 amid the escalating

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 in egypt activists say the revolutions in jeopardy and are boycotting the ongoing presidential poll after the military claimed all branches of power for itself and as long as it is facing off against mubarak's last prime minister critics saying neither man's a champion of change. next r.t. talks to the person who predicted the global economic 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 are we in the middle in the

beginning or maybe there's light at the end of the tunnel and the krises more of in two thousand and six was a problem of too much that the leverage of the private sector households bangs financial institutions on corporate now as a result of the response of their krises discuss the memos bailing out banks and others over their massive surge in public that and that sits and now there is a risk of contraries as opposed to in the be the world's or bangs going belly up qantas having solvent risk in the fold thing as already happening 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 a more economic growth high unemployment rate and some degree of social and political instability and happiness so we are able to i would say.

you know this economic growth if not outright the recession the eurozone that is call of a followed by government is going to stay with us for a number of years if you gave a percentage of a chance of greece exiting the euro zone how much would that be and would it be good for greece to come out of the years and i would say that you know by next year and i would say there is at least a probability did they greece exit the euro zone thinking about actually even if they like not in june a new government is going to try to reform them very comic situations 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 of the only. means of then the. shown that actually called local believe that a store brought us to excel ballance who could be damaged the banks damage the savings of people in the banks and that's why they need more funding to make sure

that payson all these old believe and the contagion of the rest of the eurozone is mol this so it is that they can see it that way and it's finance and these are all of the really 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 the 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 dog cages 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 they made early in spain then they lose market and then they eventually have to restructure the senate and that's not sufficient in a few years down the line they also ags of the eurozone in which case the eurozone

you know breaks up and you could have a significant european and a global you know financial turmoil and then you could end up. with a long term strike a nation if you hold another the pressure on interest and all of these things happening at the same time maybe out of the low probability but there's a risk we have to conserve ourselves there's a chance that the europeans get their act together and while the number of years of . fiscal condition about and surely you have more integration more of a fiscal deal you know more of a bank you know that will probably zation eventually probably you're doing and so instead of these integration you could have a process leads to great that. integration and eventually more stability for europe in the global economy do you think that's actually possible because europeans basically do not see much of a perspective of a political union because you know greeks and say swedes they do not align

themselves together they do they think of themselves as separate nations some people are skeptical some people say they have no choice and every time there's been a cries in europe 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 they're just a midget so who 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 problem is because of lack of fiscal discipline or fiscal reckless that is that applies really the only only to greece yes it's

a reason to lie than cheat that this is a fifteen percent of g.d.p. and the deficit blew up and then that led to the fiscal crisis but actually 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 physic 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 bank of says that a creator they realize they are. and i cried bob 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 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 would 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 do because the u.s. dollar still has a currency so the four of them and china that i thought emerging market is financing the largest. 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 what the u.s. has to do you know to avoid the risk of something bad happening he was. later in

the white house than other contraries but it 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 right about now there is a generalized. happens with 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 it's close to one twenty five you know the overall fiscal and financial problems that it's that all break out suggests that the euro should weaken and is likely to weaken the only thing that could maybe stop that we can as of the eurozone is either the u.s.

economy come so weak then the dollar weakens and the fed pretty small me and then weakens the dollar or that finally the european get their act together they find 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 the euro. again are among the main downside risks to the global economy you mention of course very slow economic recovery where do you see the new tigers and and what is the present role of brics nations this throng 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 of turkey or indonesia 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 iraq 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 these companies are moved away from market oriented that of foreign wars of all the low growth companies but out of her two as a state that he's too much government intervention they call on me too much for all of the state owned banks so they know the enterprise is too much protection is too much resource not sure what it is and over it 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 all be grown up mordred about the brakes 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 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 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 with like a snob you know in the case of the breaks the point is you know russia's potential growth to date based on their 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're 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 of you have aging of population there is a certain amount of lack of transparency that is that amount of corruption. and the seas in the party got 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've got i've got a regime which is not pugilists affair but then having as strong a column in this 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 was chalk's rather than and cutting into a superior financial crisis i think that's the lesson thank you thank you very much mr a pleasure being with you. well for the future of science technology innovation all the list of elements from around russia we've got the huge earth covered. emission

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people of greece head 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 all sturdy or to revolt against him and move which could ultimately spell greece's exit from the euro. the united nations peace plan for syria is near collapse observers say it's getting too risky for them to continue their mission amid escalating violence as moscow denies u.s. claims that a russian military cargo ship is on its way to syria with weapons and troops. and in egypt activists say the revolutions are in jeopardy and are boycotting the

ongoing presidential poll after the military claimed all branches of power for itself and as long as it is facing off against mubarak's last prime minister critics saying neither man's a champion of change. is next with you in an alley euro two thousand and twelve dream is over just like that for russia's footballers and we've had the good the bobbin the i'll be over the last two weeks for russian football last night very much a bad one we're going to have more in just a sec. thanks for joining us this is sports a plenty head over the next ten minutes sitting saluting all this. early and first his football team crush out of the european championships in the group stages following defeat to greece to themselves reach the quarter finals against all odds

. tied at the top green mcdowell and jim furyk share of the lead heading into the final day of golf see us open. magnificent seven roger federer prepares for his seven jury webber open final appearance up there donning russian mikhail youzhny in the last war. russia are always to of the european championships dick advocaat charges needing just a draw against greece to progress into the quarterfinals from group a last night but as richard from port fairy told us at mediately after the game that will stretch too far. brosh there are seven stars and twelve insurance in chip saltsman incentives that against greece are great for. one thing but they want to do nothing to the braindead numbers and try and get russia on the counter-attack they need plenty big game plan work around some who treat on the sort of time they breach in the russian debate and so are going. to show off from the market and get the greeks

to leave russia we've a bit in the way where we even just weren't able to create anything in the fact of the. major major problem the longer you went on the russian before she went forward equipment great defensive play was a one time thing to give russia not really want for whatever money you really have to get credit for greeks the way they played they were able to hold on for being training on russian won't go into the tournament for the czech republic they were able to beat poland by a goal so no. really really interesting scenes really for the russian plane part and started well but unfortunately. richard mentioned russia's fate was sealed by the czech republic could be poland one nil that came top spot in the crypt peter you're a chick with a goal and not one so the czechs and greece progress the two thousand and four champions go through after finishing second this spike starting the day bottom of

the table russia where a lot of difference ninety minutes can make. it while there's a month watering per group b. much as later on sunday the netherlands in particular in the spotlight they will run yet also on to be eliminated in the group stages of the european championships for the first time since one thousand nine hundred eighty eight partridge has more . holland his political table to sixty nine hundred ninety one ninety two qualifier. gets his priceless first and last international goal is the dutchman one male to go through to the finals this was the netherlands to date against poor . and on sunday but fanatic side have to score at least two goals more than that bogey side to stand any chance of reaching the knockout phase of euro two thousand and twelve. after finishing runners up at the world cup the dutch breezed into the service tournament as one of the favorites but a short one nil opening defeat to denmark being outplayed two one by old foes germany. have lost their first two games at the euros for the first time they now

face a do or die loss in the group of death and hope germany do them a favor by beating the danes. christan a row now though isn't portugal's only threat is everyone knows they have a lot of other good players their team is also well organized which is a huge advantage to the dutch one only one of the last ten meetings with portugal and failed to score in the last six while forty six shot so far in this tournament with a return of just one goal is a damning statistic with the necessary to go cushion in mind that might start with clash on huntelaar who scored twelve goals in qualifying and rafa of understand as the dutch go for broke the code of the show is that of the difference is that we're left with only one game and when it comes down to ninety minutes anything can happen meanwhile portugal are fully fit and historically blessed they're the only country in european championship history never to have crashed out in the group

phase and all those ten encounters with the dutch they won six even more worryingly for holland is the fact they're on the verge of losing three straight matches for the first time since one nine hundred ninety and the country that inflicted that sir defeat on them one will result in the european qualifier portugal but current coach palla bento is aware that historical success doesn't equate to future results . i wouldn't be here if i didn't think we can win we will use an attacking strategy for the entire ninety minutes as there is hardly another way for us to win everything will come down to the quality of our game and the execution order i think that the result will be favorable and then we can concentrate on the next stage and putting those prospects of progressing from group they are much brighter after their late three two win over denmark they only need to better the danes results to reach the last eight though some defensive frailties could be exposed by the dutch this could be counted if captain christiane iran now though

finally reproduces some of his scintillating domestic four despite scoring forty six legals for real madrid last season known as his ten attempts so far in this tournament and found the net the dutch media savaged the national side after the two one defeat to germany and no country has ever reached the knockout phase after european championships after losing the first two matches but as an england proved against sweden well besides can be beaten maybe the dutch can make that a double a partridge r.t. . meanwhile germany have said they'll have to be curfew against denmark on sunday this by needing only a draw to finish top of group b. the germans holding their final training sessions of all of yesterday while they atop the table currently they could still go out of the competition defeat by more than a goal against the danes and victory for portugal over the dutch would send them home early russia last night. many possible permutations in

group b. the easiest way to explain it really is that all four teams can still reach the quarterfinals though germany and portugal only need draws to see them through. let's play football behind the move to the greens where we look set for a nail biting end at the second major of the golfing season jim furyk sharing the lead following day three of the us open the olympic course in san francisco is regarded as one of the toughest test the sport has to offer. and for one of the overnight leaders and certainly lived up to the month of tiger woods a full six bogeys five shots off the lead who are the only players who actually make par with the leaders american figure rick who won the u.s. open nine years ago looking good here birdie on the seventeenth while another former champion northern irishman joel. recaptured some of his twenty eight ten for him to share the lead with on one under par show of the day though came courtesy of a man playing in his first ever major john peterson a hole in one on the thirteenth something tells me he would be remembering about

one for a while yet. great effort tennis for roger federer has reached his first final on grass this season the swiss rushing rushes mikail youzhny in straight sets at the cherry webber open to set up a showdown with the local tommy haas federer making this one looks simple taking the first set six games to one before winning a six four in the second for the match federer has not beaten usually in all thirteen of their meetings he'll enter his favorites in the decider. but there he will face a partisan crowd after a local man told me how his spot in the final german winning his semi against of course we were in straight sets of five sets. so the hemisphere rugby nations have demonstrated their superiority over their northern counterparts for a second straight week world champions new zealand getting the ball rolling in christ church the first match there since the twenty eleven earthquake the all blacks demolished ireland in the first of their three tests last weekend but the

visitors were certainly all for this time around taking in ten zero lead at one stage in the first half thanks to conor murray's try use even though they didn't lie down and got right back into it through the boot have done carter the kiwis would then take the lead for the first time shortly after the break are in smith going over forty three minutes and although you can't see too much there it was touch and go from then on in with the scores tied at nineteen nineteen a minute from time but then man of the match car. he showed up once again to break irish hearts his drop kick ensuring the weight loss to one for lent to register their first ever win over the all blacks twenty two nineteen the final. south africa meanwhile sealed the deal in their test series with. berths opening the scoring after a mix up in the english the springboks dominating the first tough going in at the bric twenty five ten up this tri from bismarck du plessis the second of three in the opening forty minutes right back in the second period though toby flood in

particular to the fore this is an crossing of the home side will hold on for thirty six twenty seven when the springboks the spinning and again in game two of their three match test. and even more thrilling finale in melbourne as is truly wales george north starting things off the visitors with a try just three minutes in rob poor no ever helped rally the wallabies with the home team going in at the break thirteen seven up the six nations champions that would lead twenty three twenty two with a minute to go punished for collapsing the scrum michael horace to step up on conferred a penalty for a twenty five twenty three finals. all the sport's paul scott is here with more in just under two hours time but the weather. so.

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