well. technology innovation all the developments around russia we've got the future harbored. hello again this is the headline it's. all talk no action they merry go round of euro zone meetings to offer a crisis solutions that says take the name off the list of states willing to embrace the single currency despite finally having qualifiers to drive. the u.s. a step to be ratcheting up its threats against iran in a bid to delay a possible israel is trying to gain the country washington could be on the brochure for declared seven red lines of attack iran's nuclear program. financial times

have people in canada and french speaking call back increasingly opting for independence people are said to go to the polls to choose their government with this separate and gaining ground. on to the global economy showing little final growth we asked the president to russia's second largest bond about what he sees ahead for global finance it. and requesting president of rated their bank rush a second largest bank it's really great to have you with us are today gotten so you've had it in before the last ten years and you've been there in two thousand and eight and you so everything when the financial crisis broke out now the global economy at this point is really not much better off i mean you have the eurozone crisis unemployment in the united

states is still really high and when china is really had it for a hard landing if you compare things today to four years ago how bad are they i think we have to accept that the word volatility has become part of our life. of course the world economy he's passing the period of the cycle and we expect that the next two or three years it will be quite difficult for the global economy and would not be very easy for the russian ones for example this year are. we seeing that the global economy will not grow for more than two to half percent so because our growth is slowing down but we don't expect any problems like we experienced or in two thousand and eight and the world economy exposed to so on so on so you're not expecting any heartlessly we're all nor the second wave of the crisis i think there will be quite

a long period of recovery which will be more than me the one you just mentioned the problems we should be resolved one of the e.c.u. of course is the crisis in europe and there's still a lot to be done and still not very clear how these courses will be resolved but at the end of the day everyone expected any sharp decline in the quantum or you just mentioned to you. crisis which is really sharp at this point are you concerned about a possible impact on your business because of that well deserved list of course there's no direct exposure of the russian banking sector to all european banking or financial sector but our concern of course is that eve the european recession we lead happening already here too we could demand for our export goods such as what we see in the metal. and in the future if it can lead to the drop in oil prices that will affect our clients and through the us the russian banking sector

will be affected as well i want to focus a little bit about the recession fears that you've mentioned spain's banking system obviously being the biggest problem at this point because you have all the depositors pulling out their money out of the banks and everyone's fearing that something really bad is going to happen do you think something like lehman story could repeat itself or even worse because american that injected a lot of money unconditionally to their banking system europeans aren't ready to do that but i think this was a good lesson for everybody and i think. no one wants to. be this experience because lehman's lehman's collapse to a chain reaction all around the world and particularly america so i think european union will try very best to protect the spiritual banking sector but of course you quite right i mean the if we take europe that is one problem after another we

have a problem in spain portugal in you need to not only in greece so by resolving one problem we will have to face another one immediately and that's why i think the crisis in europe will be quite the collected and of course it will it will require even more political will on part of the leading european governments in order to resolve it so what is it like growth. versus hysterically what do you think is the bear well this year will will produce a negative growth and of course storage is another problem because it will not help to resolve the question of growth and the two situations so i think we should be reasonable approach to authority plans but we still on the other hand have a very high budget deficit were around three percent g.d.p. on part of the european countries so i think there will be a moderate approach there will be definitely. much more severe discipline on spending in south europe but on the other hand i think the government. support

for the money still will be required in order to get in she reasonable growth and positive growth hopefully in europe next year what's going to happen to hear a let's say in one year's time in your opinion my personal opinion and my analysts that. these are the dollar for example you are a little bit of a currency on the other. is to believe that will be enough political will on part of the you know if you were to keep all countries within the european within the monetary union or within the eurozone and the greece who breeze over the other day you mentioned recently that this was frank was to say first currency to get their money out why is that well you saw the well there's a number of reasons for the tightening up or the. other currencies and there's been four months of. the track record of frank over the last few years.

so it's on to a very good stand still so it's frankly is a quite reliable. instrument but i'm not saying i mean i still believe that of course if we talk about currencies the dollar and euro will continue to be the major reserve currency. the world with a potential. opportunity for chinese yuan to become another one and i think we would the possibility or russian ruble to become a. regional currency for settlement and maybe even those of currency for possibly two union territories that was going to my next question actually but we've been hearing about the possibility of russia becoming a regional currency for quite awhile now maybe five or six years. what exactly needs to be done for that and what time limits are we talking about things happening to stand that's already in the heart of the way these channeled through

through through the ruble mechanism very simple things i mean the both exporters and import of should except of these that they're eager to trade in rubles and for these i think ruble should show a good track record of being a stable car and so predictable currency and i think what's the big is doing now to providing a more flexible exchange rate frugal is a good thing and provide more for flexibility on the other hand there's more but the beauty for the rouble we talk about the united states a little bit people still look at it and expect for a to contribute greatly to the global economy forgetting that it really still suffering from enormous national debt ante employment is really high at this point in regards to global economy is to us economic performance part of a problem or a solution at the moment it's none of this in the. u.s. economy's developing. better than you were for example with some of the growth this

year on the other hand doesn't provide any and for you for for growth like china no matter that the slowdown is of job growth to provide me with this for the global growth so merica of course has its own problems and the major one is a great budget deficit partly. based on their growing medical care expenditures. but what is for me seems for sure that america will not contribute war to rescue the european economy you've just mentioned china slowing down a little bit also along with china some key economies that kept the global economy expanding like germany and brazil they're also slowing down so where will the much needed growth come from at this point still from from emerging markets having this year the growth of the merged market area will be four times higher than the ones world so it's still there i think that that's the main area and that's for example

we should be where we focus on for the next five years for example now you of course to be t.v. also chair of the asia pacific economic cooperation c.e.o. summit and the member countries that are going to zation accounting for over more than a health actually of the global g.d.p. but how is the app i get it especially the upcoming pack in russia going to help find new global resources for new global growth because if you compare it for example last year i guess there were some deal signed you know company and government government members but hasn't really changed anything on a global scale it's a process i mean the it doesn't help or doesn't happen overnight it's a process you need to work on those specific things and the one of the keys you for meetings liberalization of trades and investment in the region and of course this is a region with a very different level of countries with countries with

a very different level of development for example and different structures of the economy but still as i mentioned before i mean that's one of the fastest growing region from becoming a point of view we have china we have are. going to mean. states and russia by the way which is also. in the future is one of the leading member of the apec region and for russia i think it's absolutely vital to put our focus on the asian side because we will always be looking for europe and we have a very tight relationship in economy with europe to take into account what will be discussed before i think for russia it's vital that we will focus on our forums there's a huge potentials in the resources in their genes in global cooperation the neighboring countries like china south korea japan and others we can bring

investments which can growth for russia so i think for us meeting is extremely is to me important let's look at a little bit russian economy because up to one hundred billion dollars are expected to outflow out of russia i mean i know that investors could be uncertain about the russian investing climate before the elections but it's already been three months what's going on the money still going out well i think partly that is the general concern. on the global markets investment investors today not investing very much they prefer to sit on carriage and wait and see because it's top of the interview with the word well it eludes here i think you would for a recent period of economic rules on the other hand i think we know all too well the problems which exist in russia from the point of view of. investment climate but. domestic i think we just have to focus.

on this if you would take for example far east as a good opportunity for bringing a lot of investment but the we need a really clear cut to government course there's nothing in the russian legislation on the order investment climate which can prevent us from doing this. and that we definitely number one task for us he's to change the nature of our economy to make it a focus on investment growth rather than resources growth because again we can talk about the prosperous a little economy but we always come to the conclusion that if you will price for your alls will go below ninety five dollars per barrel russian economy will be in trouble and so is the main and major risk for russia's economy a lot of the rise and yes the oil prices still remain the major reason for for the russian economy today and the question had

a fit to be frank thank you very much race interview thank you. wealthy british style the sun and some time to go to the money. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. mission. to critique a free free in-store charge is free. range and free. three

stooges free. gold free blog song and video for your media project a free media oh god our teton tom. brady his agent i made a flounce a negative outlook on the block with a possible downgrade looming while the merry go round of the euro zone meetings they listened to point to some notion as fast as gareth about state of. the grass is said to be a rock string bass threats against iran in a bid to delay a possible israeli strike against the country. itself financial times have people in canada from french speaking or backing christine a call to inform them that people that stepped out of the whole stitchers that got into with the separate said. get ready for some smashing sports news with true.

hello there thanks for watching and these are the headlines big deals any sign brazil striker hold and belgium midfielder axle of itself for one hundred million dollars. plus russia's new football chief nick i tell speak makes cleaning up the games image a priority for the country hosting twenty eighteen world cup. and home harrowing three new williams powers into the u.s. open quarter finals with that dropping a single game the better a a memory or so progress. but first big spendings an eight of sign brazil striker hold an belgian midfielder axel vits all for fifteen million dollars twenty six year old hold was signed from porto while that still has twenty three came from portuguese rivals ben free agent been given a five year contract by the simply just book club and have been brought in with a week left in the russian transfer window then he wanted to bolster their squad

for this year's champions league where they have been drawn with ac milan and elect in the group stage the russian champions are backed by energy giant gazprom and have also been linked to the fourteen million dollars bid for manchester united's nani. dinar moscow defender has been elected president of the russian football union the fifty six year old defeated premier league chief so you pretty bad came in a close run off in the presidential vote told sequel oversea fabio capello's first competitive matches as russia coach the national side you to host northern ireland on friday before travelling to israel four days later for their world first world cup qualifiers while russia themselves are preparing to stage the next showpiece tournament in twenty eighteen but you've been portrayed as more. the man you see because if you come up to two thousand and eighteen world cup. what i mean for madonna moscow defender has a big task ahead of him with

a number of problems needing tackling within the game in russia so just who it is i'm trying to improve the development of youth football in the country and the media first of all i will be looking to get a team of people together who want to improve russian football for the better there are people who can help the game move forwards we need to improve the image of football in russia and i'm not interested in having people around me who are not interested in trying to achieve this in. was the express decisis if. only predicted but russia would win the two thousand and eighteen world cup however following their poor performance of the recent european championships it seems faces a far fetched statements for just under six years to go to the tournament and the emphasis will be on developing new football especially in the regions to try to ensure russia have a shot of winning football's biggest prize. i will be looking at all age groups

within russian football and we'll have a chat with the coaches to see if they're going in the right direction there will be a lot of emphasis on trying to improve the youth teams who represent russia at international level even today we need to start thinking about the team who will represent us at our home world cup in twenty eight team win. i don't think it's an excellent position to try and tap into the undoubted talent of lies within russia he was the president of a professional football league which covers the first and second divisions for a number of years and he also understands but to try and develop the game in the regions where it's often little money is of the upmost importance which it will put up with i have a wealth of experience working within russian football and i completely understand that i have a tough job ahead of me i'll be trying to get a team who want to see things improve together and i'm sure that this will have a positive impact the main thing is to work together you know. full speed is by and

large a popular appointments he has a reputation of getting things done in the right way but he certainly isn't afraid of making the right decision even if it's upset servers however the fifty six year old will certainly have a big task on his hands of the next few years as football in russia continues to develop richard pombo awfully dancey moscow another football news there is growing speculation about the future of christianity are now their reality with their star man refused to celebrate his two goals during reales three in a win over granada at the weekend and says it was because he's upset with people at the club. or maybe it's because i'm a little upset that's the only reason when i don't celebrate goals is because i'm not happy people here at the club they know why i have nothing further to say. to them is new striker dimitar berbatov has criticised his former manchester united boss alex ferguson the world gary international said he was unhappy with how he was

treated during his last season and old trafford he only played in twelve matches and says he wasn't given a proper chance to prove himself. before she was going to start i did try to fight force and it didn't work when i got my goals in march as when i was a starter there's nothing to be ashamed of i became a premier league champion twice top scorer in the league in general with united at the top of the game in the end i said my goodbyes with everyone who deserved it i'm going to go on with my wife in a different way it's just a completely normal thing to do. in tennis top seed roger federer and andy murray are through to the quarter finals of the u.s. open federer got a walkover after american mardy fish with three citing health reasons the world number one will face the czech thomas burdick's next after he thrashed nicolas almagro and also into the last stages three seed andy murray the british canadiens we lost to ryan each in straight sets to set up a showdown with matt in chile aeration easily beating martin there to reach the quarter finals himself so the big names progressing in the men's draw but there was

an upset in the women's two you see they can get advance crashing out it's easier berta vinci she beat the pole six one six four pace fellow italian and you need her back in the quarter finals however you can depend on three williams at the moment she looks unstoppable and be checked and appear i'll have a cover with that the last of the single game in fact the american is only dropped twelve games in her four matches at flushing meadows this year although she begs to differ about the fall. out is it on the grass started out strong in the tournament today getting more comfortable with the court comfortable with the condition. getting back to more of my game which is good you know i like to you know i like to play better during second week so hopefully i can do that. facing williams in the quarter finals will be former world number one and the serb also pretty convincing she got a six love six four victory over dan and put on cover from bulgaria this match

lasted just seventy seven minutes. news the world's top ranked golfer rory mcilroy has won the bank championship with a blistering final round in boston his latest triumph comes three weeks after winning the p.g.a. championship and saw him overturn a three shot deficit on the final day to win by a single straight from south africa's losers through isn't mcelroy carded a sixty seven and had an electrifying start with three birdies on the first four holes and took the out right lead on the fifth when you susan here drove his ball into a hazard however the south african did manage to keep it close right up until the eighteenth and that meant mcelroy needed to sink this to be sure a victory but it was agonizingly sure. the biting stuff and then he had to pray and missed this birdie effort to avoid a playoff which he did handing the northern irishman the title and top spot in the fed ex cup standings and that guarantees marco roy's shot at a ten million dollar bonus at the top championship later this month. that he

couldn't finish it off but i liked what i got there and so you know very happy third victory of the year and you know great to get a victory in these playoffs and you know sets me up in a great position going into the next two weeks and finally russia have won two more goals at the paralympics roger banneker got one in archery in timor two chin off one in the table tennis to put the team fourth in the medals table there are other six days of competition to go but already they are being hailed as the best yet on many levels with more on that his roman cost the rest. this massive international sporting events always attract armies of spectators and hence the world media the second part of the summer games however the paralympics have been less popular with viewers at home to say the least but that's before the london twenty twelve organizers managed to raise that bar and further bolster interest in this year's games the paralympic games has been growing ever since one nine hundred sixty the

beijing games are supposedly the best yet we've been working for seven years with a lot of it's not just an i.p.c. effort as many partners involved in delivering hopefully the most successful paralympic games ever there's been great activation by all the sponsors as well every single sponsor of the games has done a pounding pygame specific campaign attention from the whole media for the russian paralympic athletes is largely unnoticed and only slightly once every two years when the time comes for either summer or winter games so interest in team rush up from the foreign media certainly comes as a surprise for the country's delegates and we've spent two weeks now and i can tell you that we have never come across such an explosion of attention from different media and many of the athletes just don't quite know how to x. in this situation on the other hand it's vital for paralympic sport the more people hear about success the more athletes may want to join us at the moment it will

probably be hard to find someone who will doubt that the level of competition at the paralympics sometimes exceeds that of the able bodied olympics starting with the opening ceremony of london's athletic spectacle has proved that such high profile events are interesting not only to sports lovers but sponsors and the world press as well never before have the paralympics reach such a wide audience with the london games already setting several more explicit as the record breaking ticket sales it looks like that's once it's well events will be the most watched in history with the coverage extending to over one hundred countries on calls for of artsy ones and. tracks. from on sunday all fairness time for me to go to the well i'm back into.

there clouds childhood was overshadowed by this tragedy. they still feel the fear they faced. and remember every second of this nightmare. it will remain in their memories and hearts forever. the town of anderson so. innocent victims. of little angels.