tv [untitled] June 17, 2012 8:30pm-9:00pm EDT
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brighton if you knew about songs from plans to parachute these. cruise stunts on t.v. dot com. broadcasting live from our studios in central moscow this is our team let's take a look at your top headlines. greek conservatives propose a pro bailout government as they claim a narrow victory with almost thirty percent of both leaving the main left wing rivals behind which could mean a coalition between new democracy and its allies or the socialist party and. polls have closed on the final day of egypt's presidential election runoff with he is a list of candidates declaring himself in the lead meanwhile the ruling generals are effectively give themselves lawmaking powers rising the fears of the old
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establishment still in charge. of the syrian turmoil takes another turn the other services are coming very much in the view to an escalation of the violence that is the head of the motherboard's demands that both sides of the conflict allow the evacuation of civilians from combat so. next of the effects of the global economic crisis are still being felt right across the world and our team now meets the person who predicted it all. 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 morphed into thousand and six was a problem of too much that the leverage of the private sector households bangs
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financial institutions of corporate now as a result of the response of the 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 or to reduce that over time and that implies a more economical high unemployment rate and some degree of social and probably because of the instability in 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
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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 there is at least a probability did they greece exit the euro zone thinking about actually even if they like not i'm doing a new government is going to try to reform them very comic 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 shown that actually called local believe that a store of good old historic ballance of the b. damage the banks damage the savings of people in the banks and that's why they need more funding to make sure that raising all these old believe and the contagion of the rest of the eurozone is mol there so if they can see it that way and it's fine i said these are all of the early probably. it's
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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 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 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 exude the eurozone in which case the eurozone you know all breaks up and you could have a significant european and a global financial turmoil and then you could end up like japan with a long term study nation if you and other the pressure of interest and all these
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things happening at the same time maybe out of the low probability by the saudis who have to conserve ourselves there's a chance that they get their act together and while the being 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 one proposition 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 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 these integration with
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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 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 problems because of lack of fiscal discipline or fiscal reckless those that applies really the only only to greece yes there is a lie then that there is a fifteen percent of g.d.p. . deficit blow up and then that led to the fiscal crises but actually in spain in
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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 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 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 of a real estate than 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 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 u.s. even if the deficit than that of a large arising in part because u.s.
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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 part of the say so of the four of them and try and the rest of emerging market is 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 they are going to do extend local even as eventually you could have a fiscal train wreck or a sudden stop of copy and then financial to a model could happen the united states that are poor or whatever is the result of the election next here or 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 order to avoid the risk of something bad happening you guys have been later in the wires that 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
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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 happiness with the u.s. dollar tween the u.s. 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 that one fifteen i'll go to one twenty five you know the old fiscal and financial problem that it's a little bit break out today that the euro should weaken and is likely to weaken the only thing that could maybe stop that we can as the eurozone is either the u.s. economy come so weak that 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 they find the ground leads to a banking union doing and that mattel has
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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 could. gain were among the main downside risks to the global economy you mention of course a very slow economic recovery where do you see the new tiger and what is the present role of brics nations this throng growth economy as the world will be in emerging markets until recently the brics but that always sold some of the rising power as you know of turkey or indonesia you know because 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 city and 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 move their wait. to get
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a form of towards them all the old growth companies about it for two as a state that he's too much government about should 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 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 brakes 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 your prize and then this side then not to attend 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 you know in the case of the brics the point is you know russia's potential
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growth to date based on the statements by the that with the comment of your central bank is three and a half percent of the time i mean the until recently were growing eight nine percent now they're slowing down so you have a contrary you have low potential girl that where there is you know not as much market oriented there was three. aging of population there is a certain amount of lack of transparency that is the amount of corruption. in the cities in the police 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 a regime which is not pugilists affair but then having
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a strong economists thought all policy framework means that even it wouldn't times are bad then shocks would call from the rest of the globe what i call a me going to be able to back that up sort of the stocks rather than and putting into a superior financial crisis i think that's the lesson thank you thank you very much mr a leisure being reviewed. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture.
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greek conservatives are proposing a pro bailout of government as they claim a narrow victory with almost thirty percent of the vote leaving the main the lettering rivals behind the schoolroom a coalition between two democracies and its allies the socialist concept party. polls have closed on the final day of egypt's presidential election runoff with the islamist candidate declaring himself in the media want the ruling generals affectively give themselves law making powers raising fears that the old establishment are still in charge. and turmoil takes another turn if you want to reverse suspending their mission due to an escalation of violence that says the head of the monitors demands that both sides of the conflict allow the evacuation
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of civilians from combat so. paul is next with sports. hello welcome along with to the sports headlines here as well as 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 after a kick in frustration leads a line judge with a cut to his leg. 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
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netherlands and denmark knocked out in the group stage 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. name of germany all the any team with a one hundred percent record after a two one win over denmark lukas podolski put them ahead and for michael cross delhi to level the law has been destroyed with ten minutes to play secured the way in the blocking last night now thanks. well russia already out of course the kind of accounts man suffered a surprise one nil defeat to greece on saturday all correspond to which of important allies is where it all went wrong. russia's interest of european championships a needed for another four years may crash out of euro two thousand and twelve after a surprise defeat to greece you managed to beat the russians by
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a goal to nil that will seoul has been a strange goldman from russia which started so well before one victory against the czech republic in the role salt for the show's take so i'm hopeful playing free flowing football which really cool the chicks off guard and off of my game russia retire which is when the favorites perhaps when they stole a 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. lol where does the blame i fall i can squeeze for instance i had twenty five shots at goal but good to fail to scole all our eggs on the cancer called hide a protein shells to hold told them and 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 the win now for the russian side although have to find
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a new head coach transom off the deck of the card said that he'll stay down off the told him and finish is good though 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 and of course he'll know the serious car plays in the side specially alan's a go if not a fantastic coleman scoring for you goals and he will really be full chroma busy rushing side rush came into told him it was the oldest team out of over sixty nations competing kind of an extra 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 fun it's going to be a process of rebuilding for the russian national side as a lot of the old are gone and. some of maybe dropped some trying to bring in a younger generation of players but this is where perhaps russia's biggest problem lies there aren't many younger players knocking on the door ready to get
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a starting spot in the russian national team pick up the cats policy was says stick with the old guard sitting so well and help the russians get 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. how to really fantastic coleman's obviously massive disappointment russia heading home much earlier than they have wanted so you've ever so much exception after the game with the czech republic but unfortunately they just couldn't play to the same level of i did a mad opening game. 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
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a blow the world number three has suffered a surprise straight sets defeat to german tommy haas in the opening germany 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 and 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 comment by default. the title went to his post. and. to the guy didn't want to
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get it but sometimes you get angry sometimes. you cannot control that moment that many times happens to me maybe you threw a record or maybe you scream or maybe you something like that so many times happens but that kind of moment now in moto g.p. who 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 outs to go never looked back gradually increasing his advantage in the final few laps only held on to second spot with his honda losing more than three seconds to the winner of the australians teammate danica grosser completed the podium in the same trio topped the current standings in the same order. with me. a wonderful. fortunately for us. i got.
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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 long twenty four hour race audi dominated taking all three places on the podium the team were able 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 went to anthony davidson and spun into a barrier following a collision with ferrari's the parrot xeni davidson and got out of the car on a did and was taken to hospital tests revealed brakes to his vertebrate although he is expected to make a full recovery. and finally to athletics where there is no meant schema more
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meeting has concluded here in moscow the annual event is part of the i.w.a. after the world challenge calendar and attracts athletes from all over the world as michael craft changed her reports. scheme and 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 events held fifty kilometers outside the russian capital that's because it's held an a.f. 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
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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. 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 hopefully. 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
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competition so it's definitely drained my angie so it also fast your overall speed average which i've been working on during training. but as the older generation draw nearer to hang up their boots it's the stars of the future that are beginning to catch the eye of boys to give a beat 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 noted 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
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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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