bailout now you have christine legarde though on the other hand in latin america going trying to sell support for helping the eurozone debt crisis so that could be one idea that is kind of being thrown around to see if that will stick then there are others that euro bonds some say that the e.c.b. is going to have to print money that that's there's no way of avoiding that if they euro zone is going to stick together there are those that say they need more europe there are those that say that we need less let's talk about through those points you made first of all christine legarde it's so interesting touring around latin america the i.m.f. of course just feared and you know in latin america because it used to be when the i.m.f. came to town trouble was ahead would be called force a d.c. christine legarde in peru getting ready to talk to countries like brazil it is such a role reversal and so interesting. but what about this notion that you talk about the euro bond as a proposed solution this is something that the german chancellor angela merkel says no way no how no time germany pretty

visits moscow to search for financial support to help prop up prices into quantities russia's christine legarde first stop on a mission of the world's up and coming financial. caught the a.b.c. of super rich russians and legal loggerheads in london the spotlight turns on shady business dealings in the past billions of dollars at stake exactly eleven thirty one.

in the world and the third largest bond market meanwhile stopping in china i am after actor christine legarde warren the international actors don't get their act together the world risks plunging into a downward spiral of financial instability so what are we supposed to make of this up but here discuss with me is edward harrison founder of credit. and thanks so much for being here tonight. i mean just just doing gloom all the way around basically every little thing that i read there so what do you think is going to happen if as i mentioned here if you look at the fact these ten year bonds are above seven percent you look at what happened with ireland with portugal and greece is italy have to ask for a bailout at this point or have to you know risk default can't you build the. largest economy third largest bond market in the world and so the other countries are large enough to be able to build them so they have to make degree the only were they can make agree basically by having someone there to sustain them and. they can figure out a permanent solution and the only entity that can do that is

fund visits moscow in search of financial support to help prop up crisis hit economies russia's christine legarde first stop on a mission to the world's up and coming financial. move it should betters off ski courts the a.b.c. of the super rich russians and legal loggerheads in london as the spotlight turns on shady business dealings of the past with billions of dollars at stake. here this next story action from the world of sport this monday night. if your company is sport today plenty head over the next ten minutes or so including the following. all the charts reaming russian football champions needs and petersburg and this year's regular season in first place. rave in the baltimore sun up near neighbors pittsburgh for a game winning streak in the n.f.l. . take your pick the first phase of the longest ever football season in russia is now see all the strikes which fund the net in the final week of option three sure. is a nice and petersburg finish the russian premier league regular season on top of the pile. drawing a result which proved good enough in game week thirty the visitors securing the

visits moscow in search of support for its struggles to prop up crisis hit economies russia is christine legarde first stop on the mission for the world's up and coming trip. but it's also court a.v.c. of the super rich russians that the legal logger heads to london as a lighter shown on the shady business dealings of the past the billions of dollars at stake. and now one r t why it's commonplace in los angeles when you call an ambulance with a fire crew given your first day our special report card store is. well it's a part of our more theoretical burns a bright orange yellow i mean everything in the mediterranean everything i've read everything and i think we're ok i wasn't a part of farming has been this not down there on the way are you are you with her now are called is it. ok is she content with. a man. that i made right now i. thought it may. be getting. a commercial or solo album eleanor brown oh as we're on the first film i am also looking older say it all but the airplane i mean yes historic step take a little bit longer than the drama duke remember that there was a cadre of picked up

visits moscow in search of support as it struggles to prop up prices that economies russia is christine legarde first stop of a mission to the world coming from national problems. court the a.b.c. of the super rich russians at legal loggerheads in london has a life to show on the shady business dealings of the past with billions of dollars at stake. the human spirit of all the latest in sports and now the serious stuff begins in the russian premier league it certainly does test normally twenty years november is the time the champions happen in russian football but this year we're going to discover why it justice. if your company is sport today plenty ahead over the next ten minutes or so including the following. top of the charts reaming russian football champions meets in petersburg and this year's regular season in first place. even the swoop baltimore snopt near neighbors pittsburgh for game winning streak in the n.f.l. . take your pick the first phase of the longest ever football season in russia is now see all the strikes which fund the nets in the final week of option three sure. is a nic

russia is christine legarde first stop on a mission to the world's up and coming. and album which port a.b.c. of the super rich russian said legal walker heads to london as a lie to shown on the shady business dealings of the past billions of dollars at stake. and next we talk to a former british government minister who shares his view on the origin of europe's debt crisis or he says that the european union membership is suffocating its members that's in our interview next. i'm joined by lord has a former cabinet minister in both margaret sanchez and john major's governments and he's just become the most high profile defected from david cameron's conservative party joining you keep the u.k. independence party thanks for speaking to r.t. . a member of the tory party although i don't live why jump ship now well it's been a long process. i think the simple summation is this. every government. that we have had with the exception of margaret. has a central day allowed itself to be bamboozled by the civil service. to avoid being having a serious discussion would be. abou

russia is christine legarde first stop on a mission to the world's up and coming the natural. course. of the super rich russians at legal loggerheads as allied to shown on the shady business dealings of the past a billion dollars at stake. and now when our team why it's commonplace in los angeles when you call an ambulance to end up with a fire crew giving you first state a special report is next. for . there's. a part of. her on the way are you are you with her now. ok is she conscious. and. let me warn you that there's a bit longer. than. that. i am wearing i cannot family for you. want to. hear. it is not. god let's do everything we can to help b.m.s. thirteen standards. today is the parade thoughts christmas parade ten o'clock or so goes till about well thirty three engine six five and rescue two six by. three for the good of you guys that know you got. the better going on. i know you got it all right but it may take you so much to me and when you are not right and i'm going right you don't even know what i'm going to. there are aware of. this merger of the amateur radio o

visits moscow in search of support as it struggles to prop up prices if economies russia is christine legarde first stop on a mission to the world's up and coming financial power. and other mortgage lenders off ski course the a.b.c. of the super rich russian is it legal loggerheads in london as a light is shown on the shady business dealings of the past with billions of dollars at stake. next to talk for former british government minister who shares his views about the origins of europe's debt crisis right now he says in the european union is suffocating its members. i'm joined by lord hesketh a former cabinet minister in both margaret thatcher's and all majors governments and he's just become the most high profile defector from david cameron's conservative party joining you keep the u.k. independence party note hesketh thanks thing to r.t. you've been a member of the tory party although i don't live why jump ship now well it's been a long process and i think the simple summation is this. every government. that we have had with the exception of margaret satcher has essentially. allowed itself

abuse it's got to be the financial records of the century how come they don't push you out as christine legarde bend their country yet to let you know the good news that the i.m.f. is there to help you know we haven't seen christine and i stand yes but we have an i.m.f. with the managing director speaking not this conference and no power no she said that the i.m.f. had indeed united and how its strengthening the welfare system which is of course looked across lie we have basically we only have to run out of we will health care and education or since the mere prior to the oneness of eighteen years of the independence party but we are we have accepted this oh if i asked them we don't even have property stop hospitals and all the hospitals now are so they've been slashed so badly that the. we've been getting letters from all of them parliamentarians announcement just basically saying the thing can't cut any more unless you know we will have health hazards and open the same applies to the educational system and of course you should leave the people that can't defend themselves and have the most dif

obvious it's got to be the financial rapist of a century icon that will push you out of those christine legarde bend your country yet to let you know the good news that the i am up is there to help you know we don't seem to miss being in iceland yet but we have and i am at the managing director you speaking at this conference and our panel sees so that the i.m.f. had indeed united and how it's strengthening the welfare system which is of course look at first why we have basic. we already have rather we will health care and education a since the i don't want to see anything new in the president's party but we are we have accepted this oh we don't even have property stop hospitals and all the hospitals now are so they've been slashed so proudly you know we've been getting noticed from all of the parliamentarians now as then he's basically saying that they can't be more unless you know we will have health hazards and operate the same price for you have to go sometimes them and usually people that can't think i'm going to sell us and have the most difficult time in that sort of austerity measures s

desperate to erect a cash buffer against the worsening crisis all attention is turning to the east christine legarde following up her fund raising visit to russia with a trip to china to convince beijing to pour as fast cash reserves into her agency but economists warn that china's help along the calm on its own terms the initial object to you is really how china can work more closely was on math but of course china will also have their own conditions to reciprocate themselves but there are growing concerns in china over you know how the money is going to be spent and i think the government will have to gave the right answer to the chinese people because because it's their tax dollars the investment should be targeted more to the valuable assets to help the industries instead of writing a bland check to buy the bonds which is now rather sticky and there has not been the reasonable or for that a proper return or risk free package is being offered either by the individual country that is facing the problem all by the euro zone or the whole. and as europe stumble through a steepening debt crisis artie'

investment mechanisms instead president christine legarde world service customs to a shift of economic power looking nations will soon become main lenders. also ahead this hour where in india where disaster victims became drug company guinea pigs. for any tragedy killed thousands the survivors who thought they were getting medication would be tested on stand. on the lid is lifted on one of russia's richest men's will rise to wealth as regards the movie which is on the course to defend himself from fellow tycoon aris. afghanistan's raging drugs production is being blamed on soviet forces from three decades ago american research brought in statistics showing the opium industry soared since the us led invasion in two thousand and one. when she contributed in this trying to shift the blame. have you ever met scientific disinformation as hard drug propaganda campaign well here's the chance vandar brown from the brookings institution blamed the soviet army in afghanistan for deliberately eliminating the egg recall cheryl infrastructure in afghanistan as the main reason and impetus all their

is about to be the financial records of the century are gone that will push you out of those christine legarde bend your country yet to let you know the good news that the i.m.f. is there to help you no we don't seem close to being in iceland yet but we have and i am back with the managing director you speak cannot this conference in our power no see so that the i.m.f. had indeed been iceland how to strengthen the welfare system which is of course looked at first why we have basic. we only had rather we will health care and education since the proud to be anything new since the independence party but we are we have accepted school oh we don't even have not really stuck hospitals and all the hospitals now are so they've been slashed so badly that we've been hearing murders from all of them are materials nice and he's basically saying the thing kept happening more and that's you know we will have health precedence and harper the same applies to the educational system and worse usually the people that can't be found themselves have the most difficult time in that sort of austerity measures so eve

finally because it's been a long and long years of beating to add to his biggest economic club and christine legarde said today in moscow but russia actually sets a very good example as a bidding country by showing how it managed to reach agreements with hold the member states of these huge organization and that others could follow in its footsteps. as far as i'm f. itself russia is likely to fold or a lot before the revolt of these financial institutions and in particular the brics countries they want. the mantra should quotas but the i am a are. divided differently by january twenty four team they want to the system to be decentralized they want to know turn of the current state during these financially turbulent times and russia is of course in line with all the other brics countries will be both or will be pushing for further with this will be imo it was for him back in nineteen forty five and currently i have my commitments among total three hundred billion dollars in loans with portugal greece and ireland as the major four was all right thanks very much for that update r.t.c. company margaret

that to happen can you not before christmas and not at all why do you think why do you think christine legarde is in latin america trying to get more support for for your. sovereign countries in the debt crisis well you know all contingencies have to be played so they're working on all these different contingency plans the e.c. be the germans the french everyone is working on their own contingency plans and so if one plan fails and the have a backup plan based upon that and so even if we get this the sarkozy and merkel thing then perhaps over the longer term the i.m.f. could still get in there in some way shape or form if necessary so they just want to have that just just in the in the background in this area that you think is going to play out the e.c.b. is going to print money right or issue euro bonds well here's what i think is going to happen is that they're going to ireland portugal and greece they already have i.m.f. bailout so we're not going to do anything with the real countries that we care about now are italy and spain so we are going to get by a lot of agreement and a bunch of the

because it's been a long and lonely years of beating to add to this biggest economic club and christine legarde said today in moscow that russia actually sets a very good example as a bidding country by showing how it managed to reach agreements with old the member states of these huge organization and that others could follow in its steps well as for i.m.f. itself russia is likely to follow there are a lot before the reform of these financial institutions and in particular the brics countries they want. the man pushing quotas of the i.m.f. are. divided differently by january twenty four team they want to the system to be decentralized they want to know time to be current see during these financially drove you in times and rushes of course in line with all the other brics countries will be further will be pushing for further with this will be i'm up was for him back in nineteen forty five and currently i.m.f. commitments amount told most three hundred billion dollars in loans with portugal greece and ireland as the major war was all right thanks very much for that update r.t.c. got that you kno

expended is expected rather by the end of the week the head of the international monetary fund christine legarde says however that the exception won't necessarily benefit economically. there are you know clearly economy benefits to be hard i'm not sure the deluge in the case of russia because you are essentially exporting a lot of room materials a lot of oil a lot of us and importing. you know manufactured goods and believe that you roughly. rough average tariff is in the range of about twelve percent so i'm not sure that you get there is going to be a massive gain as a result of turning w two although there might be some you know on some lines of products there might be be gains. so for now we will be back in all fifty five minutes on with an update so kevin is next with headlines to stay with us. from los angeles to chicago to birmingham twenty trauma centers have closed since two thousand severe problem is not enough in-patient beds not enough urgency department beds and not enough nurses to man those deaths to take care of all the people who are the only real health care system that we have

chief christine legarde in latin america this week not doing what the i.m.f. usually does and latin america which has now imposing austerity measures now this time she's asking countries like brazil for example for help. i'm wondering if you i mean this is seems to me like a total role reversal but do you think this is one of the strategies you said the i.m.f. doesn't have the money probably doesn't is this what's going on here well i think actually it is soon to be time that does seem to be you know behind the scenes trying to get the brics to invest in europe but i think it's a scandal and the reason is that fundamentally. you know the bric countries are many much poorer than european countries sure on the surface they seem broke but the problem is not enough money in europe the problem is a bad structure the problem is the fact that countries don't have control over their own currencies the problem is that the e.c.b. doesn't perform as much of a role as it could so it's actually kind of outrageous i think of these poor countries bailing out these richer cou

search to shore up cash with the chief warning we face a lost decade because of europe steps well christine legarde swallowing up her fund raising visit to russia with a trip to china where she's expected to beijing's backing for the european bailout economists there are say china is ready to give a helping hand but on its own terms. the initial objective is really how all china work more closely was on math to beef up the. finance capacity of my math and in the meantime to all for the justifiable position for china both in terms of the membership and also the possible be as a denominating car in say a b. han the special drawing rights channel still want to express was that through this meaning positive attitude and sincerity china will lend a hand but of course china will also have their own conditions to reciprocate themselves but there has been growing concern in china over you know how the money is going to be spent i think the government will have to gave the right answer to the chinese people because because it's their tax dollars the investment should be targeted more to the valuable assets

crisis deepens the international monetary fund is reaching for the kremlin for help i met chief christine legarde has been in moscow for talks with president dmitri new video on how russian cash could help save the crisis hit euro zone next stop is beijing but artie's a company has all the details on her moscow visit. during these financially turbulent times russia can all for the i am a fan the european union what it now needs most money russia paid the last portion of its stuff to the international monetary fund in two thousand and five and seems that it has been contributing to the organization providing financial support to countries which experienced serious financial and economic difficulties or even risk default as it is now the case with grace recent developments in this european country and the euro crisis in general. to come over at the g. twenty summit in cannes last week where the leaders agreed to bolster the role of the i.m.f. and the financial institutions to save the euro and eurozone and one of the hopes for the euros coming from the monitoring economies from the so-called brics

that's a big question also what does this mean for everyone else as we could head towards what christine legarde just is warning today could be a lost decade for the global economy here to talk about all of this is former white house economic adviser doug campbell doug thanks for being on the show it's nice to see you so this is a yeah first question because just as recently as this summer you're helping to prepare the president of the united states is daily economic briefing. i know you have opinions over what should be in things that were taken out about if you were preparing and today what would you think was the most important thing for the credit of this country to be aware of as he's dealing with all of us. i i see this the problem in europe is first and foremost it's a crisis of growth so i would focus on two key numbers one is how much the european economy has grown over the past four years and over this time the economy has contract by two percent the second number i would focus on is the european central bank's key short term interest rate is now at one point two five percent so in sho

membership is expected by the end of the week but the head of the international monetary fund christine legarde says there. won't necessarily mean economic benefits there or you know clearly economy benefits to be heard i'm not sure that they are huge in the case of russia because you are essentially exporting a lot of raw materials a lot of oil a lot of carers and and importing. you know modified should goods and the lives that you roughly. of average tariff is in the range of about twelve percent so i'm not sure that you get there is going to be a massive gain as a result of turning w two although there might be some you know on some lines of products there might be immobile gains. the headlines are next on are going to stay with us. in canada and the us that it is legal for you to use a bubble bath on your baby that contains a known carcinogen something that causes cancer most of the shines of the most potent different they are sponsored by things but it and most of the guys they don't claim the conflict of interest today an average cancer drug prescription costs nearly one thousand six hund

solutions but as many critics say this has never happened in reality the height of the arm of the christine legarde sad today again that she supported the idea of reforming these national monetary funds and she also is great with the fact that quotas for the countries with a rapidly growing economies should be increased ok am i was filmed in nine hundred forty five and cut currently i'm of commitments amount almost three hundred billion dollars of funds and the the major war was at this point are greece portugal and ireland ok well thanks very much for bringing us up to date there are going to be no grouch over porting live from central moscow thanks. well it's so greece's debt that continues to drag everyone else down but it will soon have a new team to try and get out of its financial quagmire after leaders agreed to form a coalition but there's no room for beleaguered prime minister george papandreou and he's agreed to go and be replaced later on monday or getting the prime minister to go was key to securing the main opposition party's evolvement they've got just fifteen weeks to force through c

that this is maybe then testing the waters seeing what kind of reception this would get you see christine legarde in latin america i'm not going to go into the irony there asking for support for some kind of you know euro zone debt crisis solution you have people meeting in the white house today the european leaders we don't know if they talked about this but you know analysts have told me that it's kind of this meeting was to see what the u.s. would be on board with so obviously that has been denied does far but i think the reason this is really interesting is because a it's the i.m.f. bailing out europe if that happens in b. who takes on the risk of any kind of an i.m.f. loan everybody all of the countries so they're all the people that take on that risk you say you're not going to go into the irony but i think it's worth mentioning christine lagarde chief head of the i.m.f. is in latin america right yes talking to them asking them for help asking them to get on board latin america certainly not really ever having that role certainly in our lifetime that we can remember i think that important.

>> christine legard was in china, she tried to use scare tactics with china, saying, hey, we are goingnto a worldwide depression if you don't fork over some of this $3 trillion that you are sitting on. they used the same fear and guilt that sometimes work in america, has worked in europe. the world is on fire -- >> sean: do we want china in charge -- >> this is the opings right now that europe has and the options we have on this path. yes, you will have to take mon from shine anda, if you don't want to suck it up. if you can't accept this form of austerity, but ultimately, you will pay the price. have you borrowed and you have taxed the greatest citizens and taxed away the wealth, scwawpderred it all, greece, italy, spain, portugal. you must pay a heavy price. the longer you wait, the bigger the price. >> sean: not one u.s. taxpayer dollar -- >> some of it will be. >> sean: because of the imtf. >> and they are talking about special funds. believe me, we are going to put more mony into this than anybody wills,. >> sean: if we do, we are throwing good money after bad. it's like the car c