if you. move from phones to. these crews don't talk t.v. don't come. and live from our studios in central moscow this is our team. with nearly all of the votes counted conservatives oppose a bailout government for coming down on the problem of parliament who like to see what runs behind this could mean a coalition between the new democracy and its allies in the socialist party. the polls have closed on the final day of egypt's presidential election runoff with as one of the candidates kerry himself in the lead meanwhile the june general subject of forgive themselves and lawmaking powers raising fears that the old establishment

is still in charge. and the syrian turmoil takes another turn with you on the server suspending their mission that's going to look five months ahead of the monitors of crema demands that both sides of the conflict allow the evacuation of civilians from combat zones. but next the effects of the global economic crisis are still being felt right across the world and 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 more into thousand and six was a problem of too much leverage of the private sector households bangs financial

institution and some 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 individuals are 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 probably because of the instability and happiness so we are. i would say. you know this economic growth if not outright that a session the eurozone there 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 it surely even if they like not in june a new government is going to try to reform and 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 there were massive shown that acts were called local believe that or store good old historic sell ballance of course they'll be damaged 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 mall there so if they can see it that way and it's fine and sunnies 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 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 leave iran on the banks they need the early in spain then there was 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 you know 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

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 about and surely you have more integration more of a fiscal union and more of a banking union that will proposition eventually probably you're doing it 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 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 some 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 problems because of lack of fiscal discipline or fiske of reckless that is that applies to be the really 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 but actually in spain in the island was the private sector that led to the problems of having to bail out

the banks large their fears of the crater 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 of several of them where the binocular by excesses in the private sector because of poor regulations provision of the bank of sister the character of a real estate 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 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 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 is something the european central bank is

unwilling to do because the u.s. dollar still letters of currency so the four of them 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 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 here or whether it's going to be a president starting a plan that leads to a fiscal discipline of 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 better later in the wires that other companies 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 happiness with the u.s. dollar tween the u.s. is going to take on that say by the realities for now there is not. 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 been over a breakout that the u.s. should weaken and is likely to weaken the only thing that could maybe be stopped that we cannot solve the eurozone is either the us economy come so weak then the dollar weakens and the fed pretty small and then weakens the dollar or that finally the european get their act together that fund the ground leads to a bank. doing in that motel is

a show restoring girl. and the other thing is that the restore hope that they eurozone is going to stay together in which case you. 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 strong growth economy as the world will be in 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 there is now a slowdown of growth you see it in china see iran 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 way. to get

a form of towards them all the low 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 enterprise is 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 in this side the not to attend the g. eight summit because you said he was busy creating his own cabinet that was a bit of a strange thing to do with like a snob but 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 until recently were growing eight nine percent now they are slowing down so you have a county wherever 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 the amount of corruption. in the cities 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

a strong economists thought on 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 you're going to be able to back that up sort of those shocks rather than and cutting into a severe financial crisis and that's the lesson thank you thank you very much mr leisure being reviewed. wealthy british style. that's not on that list. of. markets finance scandals find out what's really happening to the global economy with max kaiser for a no holds barred look at the global financial headlines tune into kaiser report on

. the news that sigrid laboratory to mccurry was able to build a new world most sophisticated robots which all unfortunately doesn't give a darn about anything tim's mission to teach the creation why it should care about humans and work this is why you should care watch only on the dot com.

with nearly all votes counted greek conservatives propose a pro bailout of government after coming out on top of the problem in three elections leaving the main left wing arrivals behind this could mean a coalition between a new democracy and its allies in the socialist party. polls have closed on the final day of egypt's presidential election run off with me is the most candidate comparing himself in to lead meanwhile the ruling generals effectively give themselves more making powers raising fears that the old establishment is still in charge. and the syrian turmoil takes another turn away from un observers and spending 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 of civilians

from combat zones. or those for you next hour and right now though paul is here with the latest in sports news. hello welcome along to the sports headlines here it was coming up. to russia's rebuilding process begins as they arrived back in moscow following their surprise oh yes it from euro two thousand and twelve. making a racket david nalbandian is disqualified from the queen's club final offer a kick in frustration raise 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 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 only for michael cross delhi to level the laws but in this drive with ten minutes to play secured the way in the black in the last man now thanks. 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 a need for another four years may crash out of euro two thousand and twelve after

a surprise defeat to greece they managed to beat the russians by a goal to nil that will seoul has been a strange colman for russia which started so well with one victory against the czech republic in a role sold by the show's makes them hopeful playing free flowing football which really cool the chicks off guard and off of my game russia retire which is wonderful for it's perhaps when they stole a men's things would jump or to get progressively worse fate played out i'm ok performance against poland full of a 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 did the fail to scroll all the exam the kids are called hired a full team shall show the whole told them and but yet fail to get even one on saw gets quite a few of the big name plays really failed to turn off against the greeks in a final much andrea shaaban all for a bright opening was very quiet ballroom one sure all cut was excellently handled by the greek the fans so the win now for the russian side well they'll have to find

a new head coach travel so 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 badly to get science is being touted as a possible successor and of course he'll know the serious car plays in a side specially alan's a go if not a fantastic coleman scoring three goals and he will really be behold chroma this the russian side but russia came into told him it was the oldest team out of all the sixty nations competing and of a 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 from 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 a starting spot in the russian national team because the cats policy was says stick with the old guard is so good sitting so well and help the russians gets beside me finals and also in switzerland four years ago but with so many of the players around for thirty years old there really is a need for new blood time so i figure 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 are wanted to there was so much excitement after the game with the czech republic but unfortunately they just couldn't play to the same level of a very data modeling 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 in the one set of checks 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 remained 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 to his post. a mistake an apology. to 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 record or maybe you scream or maybe you something that so 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 outs to go never look back gradually increasing his advantage in the final few laps 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 top the current standings in the same order. with me. and wonderful. fortunately for us. i got.

my pace so it's wonderful we are making. 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 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 however the real drama came in our six when anthony davidson 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

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 change their reports. the memorial 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 fixture here inns 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 short 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 topple 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 and 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 hang up their boots it's the stars of the future that are beginning to catch the eye. of 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 meters 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 solely 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 now all those plenty more later here in r.t. whether it's next. world . science technology innovation all the latest developments from around russia we've got the future covered.