people. talking about how much they care about the women of afghanistan it's true they don't care about the women of afghanistan. proposed a. victory almost thirty percent of the vote leaving the main rivals behind this could mean a coalition between democracy and its allies the. syrian . regime and the rebels this is the syrian opposition leader has repeated calls for military intervention in the country. the presidential election runoff

post revolution future the choice is between. prime minister with. represent the people. of the global economic crisis is still being felt across the world and also the person who predicted it. 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 leverage of the private sector households bangs financial institutions on corporates now as a result of their response or their cries is this called theme of those 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 standardize 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 slow 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 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 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 and that it can all make situations becoming 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 that then there are massive depreciation on that x. ray called believe that or 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 isn't 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 and 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 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 he made early in spain then they lose market and then they eventually have to restructure the and that's not sufficient in a few years down the line they also i guess that 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 you and other the pressure of interest and now 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 deal you know more of a banking union that without his asian eventually probably you're doing your own soul 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 made it so you 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 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 fiske of reckless that is that applies to be the only only to greece yes a reason to lie than cheat that this is a fifteen percent of g.d.p. . deficit blow up and then that led to the fiscal crises but actually in that spain in the island was the private sector that the venture led to the problems of having to bail out the banks large their fears of the creator 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 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 says that the creator they realize they then a. and a credit bubble what about the main economic power in the united states you said that economic growth would slow down next year to one one 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. 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 from us is that this is something the european central bank is unwilling to do because the u.s.

dollar still has a currency so therefore in the mind of that i thought emerging market is financing the large us. and current account deficits. 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 action 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 to us you know will happen later in the us 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 where the u.s. dollar tween us is going to kind of 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 fifteen i'll go to one twenty five you know the overall fiscal and financial problem that it's called aggregate that all the breakout 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 mattel has a show restoring girl that. and other things that are stored hope that they

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 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 brics but that i was sold some of the rising power as you know of 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 and there's 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 condos are move their way. to form the floors of all the low growth companies about

a further two as they 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 not sure what it is and over that's a negative because of a slowdown potential gold is going to lead to lower the long run we cannot 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 the will never be included into the g eight if it continues with its with its basically protectionist policy what you know in the g eight you know all your prize in this side the not the time the g eight summit because he said he was busy creating his own cabinet there was a bit of a strange thing to do with like a snob but you know in the case of the briggs 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 are slowing down so you have a low potential girl that where there is you know not as much market go again to those three. you have aging of hope. there is a certain amount of lack of transparency that is sort of the amount of corruption there are some of. the cities 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 they import old 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 the regime which is not pugilists affair but then having a strong to call him and his 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 a pleasure being with you that. feel. the land limitlessly.

well from the front it's technology innovation all the midst of elements from around russia we've got the few jerks covered.

with. top stories this hour on r.t. creek conservatives propose a government as they claim a narrow victory it's thirty percent of the vote leaving the main left wing rivals behind this could mean a coalition between new democracy and its allies the socialist party. u.n. observer suspend the syrian mission due to increasing violence as both the regime and the rebels fight on this is the syrian opposition leader has repeated calls for military intervention in the country. of close on the final day of the presidential election runoff for egypt post revolution future the choice is between an islamist and mubarak's last prime minister with critics saying neither will represent the people. with

a news team with more on those stories and fifteen minutes from now in the meantime paul is next with the sport. hello welcome along to the sports headlines here is what's coming up. russia's rebuilding process begins as they arrive back in moscow following their surprise only exit from euro two thousand and twelve. making a racket david nalbandian is disqualified from the queen's club final offer a kick in frustration rings a line judge with a cut to his leg. and crash course anthony davidson walks away from this collision in the long twenty four hour race as the dominate with a one two three on the podium. but let's start with euro two thousand and twelve where germany and portugal have booked their place in the quarterfinals meaning the

netherlands and denmark knocked out in the group stage a brace from christiane i rebelled oh how portugal come from behind against the dutch after rafael van der vaart to put van marwijk men ahead in the. it's the first time since nine hundred eighty the dutch are failed to reach the knockout stages portugal will play the czech republic in the last. game or germany are the only team with a one hundred percent record after a two one win over denmark lukas podolski put on the head only for michael cross delhi to level but a lot has been destroyed with ten minutes to play secured the way in the blocking last man now thanks greeks. well russia already out of course the kind of accounts man suffered a surprise one nil defeat to greece on saturday all correspondence which of important analyzes where it all went wrong. russia's interest of european championships aided for another four years may crash out of euro two thousand and twelve after a surprise defeat to greece who managed to beat the russians by

a goal to nil it will seoul has been a strange colman for russia which started so well before one victory against the czech republic in the role solved by the show's make simple poll playing free flowing football which really cool the chicks off guard and off of our game russia retire which is when the favorites perhaps when they stole the men's things would jump or to get progressively worse fate played out i'm ok performance against poland the full the greek catastrophe which showed russia crushed out of a tournament. goal where does the blame i was like it is greece for instance i had twenty five shots at goal but good to fail to scole colleagues on the cancer called hide a fourteen shall share the hole to women but yet failed to get even one on saw gates quite a few of the big name players really failed to turn off against the greeks in a final match andrea shaaban offer a bright opening was very quiet called on one cheryl cook was excellently handled by the greek the fans so we're now for the russian side although have to find

a new head coach travel so off that they count the cards have been he'll state down off to the told him and finish is who they'll turn to well it's not really all known at the moment so all the way to get science is being touted as a possible successor of goals we all know the serious car plays in the side specially allan's ago it had a funtastic coleman scoring three goals and he will really beautiful groom a busy rushing side rush came into told him it was the oldest team out of over sixty nations competing over next few months i think quite a few of these players will retire and it's left to see how many will be competing when the qualification campaign takes place to try and qualify for the world cup in brazil in two thousand and fourteen a very much from now it's going to be a process of rebuilding for the russian national side as a lot of the old are gone and. time some of may be dropped some trying to bring in a younger generation of players but this is where perhaps russia's biggest problem lies around but many younger players are knocking on the door ready to get

a starting spot in the russian national team pick up the cats policy was said stick with the old guard so conceding so well and help the russians get to the semifinals and also in switzerland four years ago but with so many of the players around for years old there really is a need for new blood time so i think a lot of those hopes will be resting of course on hours ago if they had a really fantastic coalmines obviously massive disappointment russia heading home much earlier than they have wanted so you've ever so much excitement after the game with the czech republic but unfortunately they just couldn't play to the same level of a very good amount opening game. but going home. richard pombo if we don't see warsaw . well russia's fate was sealed by the czech republic in the one nil to claim top spot in group a. with a goal of not one so the czechs and grace progressed to the quarter finals. now to tennis and roger federer his preparations ahead of wimbledon have been dealt

a blow the world number three has suffered a surprise straight sets defeat to german tommy haas in the opening germinate federer is a five time champion and went into the final as overwhelming favorite against the man competing at the tournament after being given a wild card entry for the former world number two now eighty seven in the rankings now when he took the first set on a tie break before wrapping up a seven six six four win in just over an hour and a half. meanwhile there was real drama queens i've been in to indulge in time that david nalbandian was a setup that is now in the final when in frustration he kicked an advertising hording injuring a line judge the umpire took the decision to disqualify the two thousand and two wimbledon finalist that meant by default. the title went to his croatian post. a mistake and apologize. to the guy who didn't want

to do that but sometimes you get angry sometimes. you cannot control that moment that many times happens to me maybe you threw a rocket or maybe you scream or maybe you something that many times happens that kind of moment now in moto g.p. renzo has won the british grand prix to extend his lead over closest rival casey stoner to twenty five points in the current standings the spaniard who started fourth on the grid overtook the reigning champion with nine laps to go i would never look back gradually increasing his advantage in the final few laps stone held on to second spot with his honda losing more than three seconds to the winner of the australians to make dan into drugs completed the podium in the same trio topped the current standings in the same order. with me. a wonderful fight. fortunately for us. i got

a little bit that bundle in my pace so it's wonderful we are making but. something now saw things a lot too that was off. now to motor sport of a different kind then there was a dramatic conclusion to the lamont twenty four hour race audi dominated taking all three places on the podium the same way to successfully defend the title they won twelve months ago their victory was a first for a hybrid powered car the second team lived up to their name and came in just behind their teammates while another audi car also came in third however the real drama came in our six when anthony davidson spun into a barrier following a collision with ferrari's p.s.u. seppi para xeni davidson got out of the car on a did and was taken to hospital tests revealed breaks to his vertebrate although he is expected to make a full recovery. and finally to athletics where these no meant schema more

meeting has concluded here in moscow the annual event is part of the idea of world challenge calendar and attracts athletes from all over the world as michael craft chain career reports. there's namond scheme in moral athletics competition held in moscow every year has attracted athletes from over fifty different countries but while competitors from all over the world attracted to an event held fifty kilometers outside the russian capital that's because it's held in a status since two thousand and is now also one of the associations world challenge meetings it's also a very old competition now it's interesting to note that this particular event was actually established over fifty years ago in honor of two soviet champions in long distance running and serafin it's namin ski now the event itself has been held in various locations but it's been a staple fix to here ins namin ski just outside of moscow ever since this rather

impressive meteoric stadium was built the competition features races over distances from one hundred meters to one thousand five hundred meters it also includes javelin throwing shock porch and other olympic events in the high jump recently crowned russian champion irina go to deliver couldn't better norway's tanya angus and nor could she top of her personal best of two point zero two meters but she was still full of praise about the event as a whole that was i think they've done a really good job organizing this event and the weather has been fantastic personally i didn't do so well today the bar wobbled and then fell but that aside i do really like this event olympic champion. participated in the one thousand five hundred meter distance run but failed to make the top three while olympic medal hopeful. says a hectic recent schedule has proven to be energy sapping. it's really a tough i mean i've been running all week culminating in participating in this

competition so it's definitely drained my and it also fast your overall speed average which i've been working on during training. but as the older generation draw nearer to hanging up their boots it's the stars of the future that are beginning to catch the eye that enough boys to cover beach both to claim first place in the one thousand five hundred meter race improving a whole seventeen seconds on her previous personal best and barely off the track she was already thinking about russia's national championships to be held at the end of june. i think the level of preparation will be very high for the russian championships everyone is getting ready for it the eight hundred metres race is very difficult and it's very popular in russia but of course i'm hoping i can land in the top three you know to secure a ticket to london but it will be tough i'm still very young and i will be facing many more experienced athletes it's an olympic year so you'd be forgiven for

thinking athletes would want to focus soley on those games without extra competitions that could distract or lead to injury but when sport is your passion the consensus among athletes is that of any person who wants success the more you try the bigger the chance you'll succeed mark of genco r.t. moscow region. that is all from the world of sports and now all those plenty more later here in r.t. whether it's next.

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