twenty summit and i'm meeting of the i.m.f. board of governors and we have called in european partners to take all necessary measures i think this is just what will happen because they come do it at the same time if the debt crisis does spread it does not affect us too much at least directly because our banks do not hold any of the greek debt french and german banks on the other hand will suffer greatly because they will have columns on their homes that would not be cleared this will cause problems with him these banks problems with these fines credit some overall problems on these markets because banks are after all the leading players on this in turn may affect growth and this could have circumstance of the facts on us but i would like to stress that we will respond just like during the latest crisis but this time the crisis will have a much smaller of fact. just recently there were a kid it debates in the media about the possibility that the world's leading the emerging economies the brics nations that is brazil russia india china

twenty summit another meeting of the i.m.f. board of governors and we have called the new or here partners to take all necessary measures i think this is just what will happen because they come do exactly the same time if the debt crisis do spread it does not affect just too much of these directly you because are trying to do not hold any of the greek parents the french german and some of the hunt will suffer greatly because they will help homes on their homes some would not be cleared this will cause problems with these parents problems these parents created some overall problems on these markets because banks are after all the leading players on this and trying new rules and this kind of circumstance and effects on us and i would like to stress that we will respond just like during the latest crisis but this time the crisis will have a much smaller effect but it can reduce your vision is simple just recently there were a kid debate in the media about the possibility that the world's leading the emerging economies the breaks nations

nonetheless these risks remain we've discussed those here at the g twenty summit another meeting of the i.m.f. board of governors and we have called on european partners to take all necessary measures i think this is just what will happen because the come due it's the same time if the debt crisis do spread it does not affect us too much of these directly because our banks do not hold any of the return of french and german banks on the other hand will suffer greatly because they will have gone on their hands and would not be cleared this will cause problems within these pints problems with these clients had some overall problems on these markets because banks are after all the leading players on this and tron may affect an old underscored of circumstance in france and. i want to stress that we will respond just like during the latest crisis but this time the crisis will have a much smaller fact. because recently there were heated debates are in the media about the possibility that the world's leading emerging economies the brics nations that is brazil russia india china and south africa could throw a

because here at the g twenty summit and i think meeting of the i.m.f. board of governors i have called a new word here heartless to take all necessary measures i think this is just what will happen because they come and do it at the same time if the debt crisis does spread it does not affect us too much or at least directly you're because i'm trying to do not hold any of the greek debt or french or german banks some of the hunt will suffer retreat because they will comes on their homes a limited period which will cause problems with these clients problems with these plants having some overall problems on these markets because banks are after all the leading players on this internal growth and this could have a circumstance an effect on us but i would like to stress that we will respond just like during the latest crisis but this time the crisis will have a much smaller effect but should we do should instead just recently there were a key to debates in the media about the possibility that the world's leading the emerging economies the brics nations that is bra

board. and formal i.m.f. head chief dominique strauss coward column has helped meeting with the french writer who accuses him attempted rape took place in a paris police station which is common practice to test whether a case should go to court just on but no claims the politician attacks on she was interviewed interviewing him on in two thousand and three strauss kahn does not is the charges and plans to counter-sue first lander. well on the way the israelis trying to convince their compatriots onto a path of peace from the inside but first let's check what's the latest at the business desk with marine. hello and welcome to business here on art scene of russia so the heavy blow in the last hours of financial markets herbalists last week the countries in the seas lost over ten percent make a rush of the worst performer among emerging markets but does this recently this present an opportunity for bargain hunters well on the sequence of. capital believes it does but invest the now would be risky. taking into co

the kaiser board whether the i.m.f. causes more wreckage than rescue and also the use plans to cut the big banks thousand songs. this is the kaiser report you know people talk about zombies stocking the globe in fact one exists and his chair izing america. next i feel you're talking about dick cheney of course and he says he's a good walking symbol of what happens when one continues to look forward and never looking back when justice is never delivered when criminals are allowed to stock the earth and we see that with the banking sector but he's a good example of what happens with the political and war crimes sector so let's turn to a little clip of him in the past few weeks this is him on n.b.c. promoting his book people call it torture you think it should still be a tool. secret prisons yes wiretapping well it was great for you say it is one of the things you were proudest of and you would do it again and i heard eight it was controversial it's time it was the right thing to do dick cheney is a pox on our soul he hasn

i.m.f. and the world and the european central bank so the loans are not pay a will and need to be restructured and that's the problem is being boarded consistently avoided and the whole crisis is coming out because the european central bank and i.m.f. and the national governments involved will not face the real problem in deal with the real problem and the real problem is that letting people just default on it and letting the banks and the investors pay the price they don't need to default they can restructure them reduce them to some level that they can pay and then the european central bank can decide what is the impact on the banks lent the money and then what kind of a do they have to do they need to be given loans to see them through the write down period that would be the way to proceed all right i don't know if we're going to speed up or we'll wait and see what comes out of this meeting i appreciate you for being on the show that with all kind robert calling us also former reagan administration official and us going to do it for now from one of stories we covered go to our teeth dot com slash usa and you can check out our you

i.m.f. leads one way or the other to some sort of the full some sort of moneths default but this this board is going to be accompanied by even concer austerity measures some sort of so somebody for example we had this summit meeting on july twenty first and there was all of this new bailout package that was on their way. come september and the block of it starts from the part of the european union concerning their last payments previews bailout package it's bailout been accompanied by. terrorism is there's the demand for a complete state assets and then again more austerity more recession. station of the productive capacity of this country i mean this is a vicious circle something this must stop i think that's a society as a country we have that sound to be felt on our own our own terms which means immediate thoughts of payment for the debt immediate exit of greece from the euro zone from the euro. member you can find latest updates and developments on in greece and the euro crisis just moments after they happen on our twitter stream twitter dot dot com slash r t underscore calm. for furthe