hello and welcome to our parents got your top stories. movies slops a negative outlook on the block with a possible downgrade looming on the merry go round of eurozone meetings fails to offer up crisis solutions that's as bulgaria snobs the single currency. tough financial times have people any time of those french speaking quebec increasingly opting for independence people are set to go to the polls to choose their government with the separatists gaining ground. in the us is said to be

ratcheting up its threats against iran in a bid to delay it also goal is reduced trying to get the country washington could be under pressure from israel to declare certain red lines over to long street near program. but the global economy showing little sign of growth we ask of the president of russia's second largest bank about what he sees ahead for global finances. and requesting president a very to their bank precious second largest bank it's really great to have you with us there today after so you've had it made to be for 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 even 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 the word volatility has become part of our life. of course the world economy. passing the preview of the cycle and we expect that when there's 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. we seeing the global economy will not grow for more than two to half percent so because of a growth of slowing down but we don't expect any problems like we experienced or in two thousand and eight and the world economy stupid to solve and so on so you're not expecting any heartlessly we're no nor the second wave of the crisis i think

there will be quite a long period of recovery which will be more than we do one just mentioned the problems that we should resolve one of the issue of course is the crisis in europe and there's still a lot of truth to not very clear how these courses will be resolved but at the end of the day everyone expected any sharp decline in the quantum in what 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. because there's no due to exposure of the russian banking sector to all european banking or financial sector but our concern of course is that the european recession will leaves happening already here too we could demand for our export goods such as what we've seen though metal. in the future if it can lead to the drop of oil prices that will affect our clients

and through the us the russian making sector will be affected as a world 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 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. a good lesson for everybody and i think. no one wants to. be this experience because lehman lehman's collapse to a chain reaction all the world the world and particularly america so i think european union will try very best to protect the spiritual banking sector but of course quite right i mean the if we take europe. one problem after another we have

a problem in spain portugal and we 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 protected and of course it will it will require even more political will on part of the leading european governments the old resort 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 to the two situations so i think it should be reasonable approach to authority plans but we still on the other hand have a very high budget deficit will around three hundred it be on part of the south rubin country so i think there will be a moderate approach there will be definitely. much more severe discipline on

spending in south from europe but on the other hand i think the government. support for the money still will be required in order to produce to get in she reasonable growth and positive growth hopefully and 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 the my analysts that. these are the dollar for example you are a little bit of a currency on the other. is to believe there will be enough political will on part of the you know if you were to keep all countries within the european monetary union or within the eurozone and the greece who breeze over the end of the you mentioned recently that this was frank wants to say first currency to get their money out why is that 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. track record frank over the last few years or so into a very big 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. in the world with a potential. opportunity for chinese yuan to become another one i think with the possibility or russian ruble to become a. regional currency for settlements and maybe even the reserve currency for possibly two million territory that was going to be my next question actually but we've been hearing about the possibility of russia becoming a regional currency for quite a long out maybe five or six years. what exactly needs to be done for that and what time limits are we talking about things happening to extend it's already in the

heart of the trade is a channel through through through the ruble mechanism very simple thing i mean the both exporters and importer should accept these that they're easy to trade in the roubles for the ruble should show a good track record of being a stable car and so predictable currency and i think what the sobig is doing now to providing a more flexible exchange rate frugal is a good thing and provide more flexibility on the other hand there's more of the beauty for the ruble if 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 still u.s. 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 are 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 china the rules do provide good meeting because 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 me seems for sure that america will not contribute war to rescue the european economy you've just mentioned china is slowing down a little bit also along with china some key commies 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 i think this year the growth of the merged market area will be four times higher than the once

world so it's still there i think the main area and that's for example b. to be where we focus on for the next five years for example now you have course to be to be 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 house actually of the global g.d.p. but how is the app and it is specially 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 with but hasn't really changed anything on a global scale it's a process i mean the doesn't help over doesn't happen overnight it's it's a process you need to work on those specific things and the one of the key issue for meetings at the liberalization of trades and investment in the region and of

course this is a region with a very different level of countries with the countries of the different level of development for example and different structures of equal to me but still as i mentioned before i mean that's one of the fastest growing region becoming a point of view we have china we have are. going to need. states and russia by the way which is also. the future is all one of the leading member of the region and for russia i think it's absolutely vital to focus on the asian site because we'll all be looking for europe and we have a very tight relationship in economy with europe but taking into account what we 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 global cooperation the neighboring countries

like china south korea japan and others we can bring investments which can be in growth for russia so i think for us meeting is extremely is to me let's look at a little bit russian economy because up to one hundred billion dollars are expected to out for 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. on the global markets investment investors today not investing very much they prefer to see them cash and wait and see because the start of the interview with the word relativity you would for a recent period of economic groups 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 or 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 what we call in the me to make it. focus on investment growth rather than resources growth because again we can talk about the prospects of the economy but we always come to the conclusion that if you will price for your all's will go below ninety five dollars per barrel russian economy will be in trouble and so is the main and major risk russia's economy a lot of the oil prices still remain the major risk for the russian economy today

and the question had a fit to be frank thank you very much for a century you think. wealthy british style. like the. market why not. find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines kaiser reports on a. secret laboratory. was to build its most sophisticated robots which doesn't. do anything.

to teach me the creation of why you should care about humans. this is why you should watch only on the dot com. ratings trying to say negative outlook on the. ground. euro zone meetings but also to offer a solution that's as a bulgarian snow as the single currency. tough financial crunch have people in canada's french speaking come back increasingly opting for independence people are set to go to the polls to choose their government with the separatists gaining ground. and the us is said to be ratcheting abbate strikes against iran in a bid to delay a possible israeli strike against the country washington could be under pressure from israel to declare

a certain red line insult for tat bombs and clear progress. in sports russians ods a need has sent shock waves through the world of football by signing two huge stars what the details of the rest of the sport here's sandra. hello there thanks for watching and here's a taste of what is coming up big deal with any sign brazil striker hold an belgian midfielder axel vit sold for one hundred million dollars. plus russia's new book or chief makes cleaning up the games a major priority for the country host the twenty eighteen world cup. and andy murray the new also linage to cruise into the u.s. open quarter finals with roger federer. but first big spendings anita have signed brazil's striker hold belgian midfielder axel vits off a fifteen million dollars twenty six year old hold was signed from port au well

that still has twenty three came from portuguese rivals benfica each have been given a five year contract by the same page as the club and have been brought in with a week left in the russian transfer window and he wanted to bolster their squad for this year's champions league where they have been drawn with ac milan and elect and malaga in the group stage the russian champions are finite by energy giant gazprom and the players are excited by the new arrivals. we're always looking to move forward and this is a prime example of our intentions it's great that they finally joined us it can be difficult to play in the russian premier league a lot of players have come here and even that had found it hard to adapt to your mother's growing speculation about the future of christiane are now though. their star man refused to celebrate his two goals during their three no win over granada at the weekend and told reporters it was because he was unhappy. or maybe it's

because i'm a little upset that's the only reason when i don't celebrate goals it's because i'm not happy people here at the club they know why i have nothing further to say. for me than our moscow defend their neck like steak has been elected as the president of the russian football union and has made improving the image of the game a priority before the country hosts the twenty eighteen world cup with more his riches ample flicked. this is the man who will oversee the development of russian football in the run up to the two thousand and eighteen world cup nicholai told me before midnight on moscow defender has a big task ahead of him with a number of problems needing tackling within the game in russia so just good news 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 that cause the express. boldly predicted that russia would win the two thousand and eighteen world cup however following their poor performance of the recent european championships it seems this is 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 russian have a shot of winning football's biggest prize. i will be looking at all age groups within russian football and will have a chance with the coaches to see if they are 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 as even today we need to start thinking about the team who will represent us at our home world cup in twenty eighteen we. all think is an excellent position to try and tap into the undoubted talent that 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 there is often little money is of the upmost importance which is the world 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. full speed is by and large of popular appointments he has a reputation of getting things done and in the right way he certainly isn't afraid of making the right decision even if it's upset solvers however 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 dancy moscow. now let's go to the tennis where top seed roger

federer and the merry are through to the quarter finals of the u.s. open federer progressing after mardy fish with three for health reasons while murray easily won his match against canadian last around each briton having a straightforward day on court winning this match six four six four six two in two hours and up next for the three cds man in chile actually correction easily beating martin in san to reach the last eight. games will be facing roger federer for a place in the semi to the czech who is the sixth the spain's because micro straight sets so the big names progressing in the men's draw but there was an upset in the women's to see they're going to get advanced go crashing out to its leader berta vinci she beat the pole six one six four placed by the italian italian angelica back in the quarter finals. however you can depend on serena williams at the moment she looks unstoppable check and they're all about to go over with that the loss of a single game in fact the american has only dropped twelve games in her four

matches at flushing meadows this year although begs to differ about her for. want to sit on the grass started out strong in the tournament will vote today getting more comfortable with the court and comfortable with the conditions. getting back to more of my game which is good you know i like to you know i like to play better during the second week so hopefully i can do that. facing williams in the quarter finals will be former world number one and evanovich the serb also pretty convincing she got a six love six four victory over that banner put on from belgariad this match lasting just seven percent of. the world's top ranked golfer rory mcilroy has won the deutsche 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 strike from south africa's new susan mcelroy carded

a sixty seven and had an electrifying start with three birdies in the first four holes and took the outright lead on the fifth when susan dropped drove his ball into has it here however the south african did manage to keep it close right up until the eighteenth meaning mcelroy he needed to sink this to be sure a victory but it was agonizingly sure i and he then had to pray with hooves and missed this effort to avoid a playoff which he did handing in northern irishman the title and top spot in the fed ex cup standings and that guarantees mcelroy a shot at the ten million dollar bonus at the top championship later this month i. couldn't finish it off that i would like to but 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 let's touch on ice hockey because the new k h l season gets underway today and the owner of raising the curtain goes

to the reigning champions the normal moscow who host of on guard this magical surname the law which is a tribute to the yaroslavl team killed in the crash last year the club will compete again in the country's top flight this season in the western conference. and finally russia are up to third in the medals table at the paralympics with another six days of competition to go but already they are being hailed as the best yet. many levels with its own culture earth. 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 apartment 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 a p.c.

effort as many partners involved in delivering hopefully the most successful paralympic games ever been great activation by all the sponsors as well every single sponsor of the games has done a parliament big game 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 countries that it gets. spent and i can tell you that we have never come across such an explosion of attention from different media and many athletes just don't quite know how to x. in this situation on the other hand it's vital for oh paralympics the more people hear about success that you 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 the record breaking ticket sales it looks like that's one of the events will be. the most watched in history with the coverage extending to over one hundred countries calls for of artsy ones and. it's. not as old school for the moment so we've got will. the world of the future science technology innovation all the latest developments

from around russia we've got the huge earth covered. in motion would be so much brighter if you move about song from phones to impressions. please for instance on t.v. dot com.

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