we give the european central bank dollars, they give us euros. on their recognizance, they take the dollars and lend them for shorter periods, not three years, less than three months, to european banks, thereby relieving them of their dollar funding problems. they pay interest and so we don't lose anything. but it helps relieve the funding tens

but there were of european banks that used dollars, that needed dollar funding as opposed to euro funding. thundi both because they held dollar they made dollar loans,upport t which is often done in dollars and they needed dollars. the pe provide dollars so what we did was what we called a swap where we gave the european central bank dollars they gave us euros. they took the $s we gave them and lent them to european banks taking off the dollar funding pressure and easing $funding pressures around the world. so those swaps which are still in existence now because of the recent issues in europe were an important example in october oft before, right as the crisis was intensifying, the federal reserve and i think five other central banks all announced interest rate cuts on the same day. so we coordinated even our monetary policy. about you, so we did our best to coordinate. there were some areas where like working on multinational firms where you know, a lot more preparation was needed, and we are still working on those things cooperatively today. noah? >> i was, my name's noah whittier. on t

us hold? hypothetically, if the euro were to fall to half, they would have to give us twice as many euros. is that within their grasp or -- >> that's entirely in the jurisdiction of the ecb. i have no doubt whatsoever that they would honor their obligation. >> that's the underpinning of your confidence that these swaps are, in fact, extremely safe? >> yes, sir. >> and i appreciate that. i think the american people have to understand that the swaps we're talking about today are not the swaps we were talking about in the aig era. one more question that i know the answer to, but i want to make sure the american people hear. secretary geithner, the ranking member addressed it toward you. he talked about the huge amount of debt built up in this country in mortgages. and may have noticed that the word principle reduction comes out in every question. he's very good about it. very disciplined. isn't it true that in europe, in fact, their loans are recourse and in the u.s., almost uniquely within the world, ours are nonrecourse? meaning they can't walk away from their loan until they've exhausted a

that will be a good thing and makes everybody feel good about the euro then if we actually have to use it the euro could lose some of its value. >> if you have to use it it means spain or italy is having real problems. those are big bond markets and big countries. so that would be a problem. >> next up on the "halftime report," is the real estate market losing its spring? we're talking about -- we're taking the luxury market with christopher anand senior managing director of the tavistock group. [ tom ] we invented the turbine business right here in schenectady. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your lights. [ brad ] at ge we build turbines that power the world. they go into power plants which take some form of energy, harness it, and turn it into more efficient electricity. [ ron ] when i was a kid i wanted to work with my hands, that was my thing. i really enjoy building turbines. it's nice to know that what you're building is gonna do something for the world. when people think of ge, they typically don't think about beer. a l

off on holiday at some point we've got the ruble as you can see it's losing against both the euro and save us dollars park a change of fortune for the euros bounce back. against the us dollar it was losing for a few days not teach you a sin at the moment the math i'll have more faith and found now it's time but all right thanks very much katie we'll check back with you next hour well president medvedev has ordered a review of the sentence that was handed down to jailed former oil tycoon mikhail khodorkovsky the prosecutor general is in charge and due to report his findings april first how to post new serving consecutive prison terms on tax and fraud charges or he's a marine a poster of his latest. it's really come as a surprise that this was somebody we did say that he was considering a pardon because i didn't go see it but he admitted his guilt and he would do that if he won the presidential elections we also know that this comes after a meeting presently think it had with the leaders of our largest search and largely oppositional political parties here in russia and this is just a temporary

well the us with the euro trying to twelve football championship has not even begun in ukraine but this game of pensioner is already in high spirits here you. don't want to believe this this summer storm and it's her last real chance to earn some money since in the us is that our pensions are next to nothing our days are numbered and we want to see them off in style and earn a little money but that's why i will lead to ruin their flats of football fans will start at fifty dollars a night depending on who stays here but the price could go higher. so if you design and lack of necessary amenities like air conditioning but the matter is being fairly reasonable about the price she would charge for it but the greed of many other private landlords could prove costly for ukraine if you prefer to travel in comfort like renting this morally designed and fully equipped one be prepared to pay a fortune to put across a nukes this is an elite apartment in central kiev and it's christ in between five and ten thousand dollars a month but we will raise prices at least three fold for the euro two thousan

us. at the moment if we move on to the current says we'll see how the euro dollar is getting on and it's still high over there has indeed dropped for the ruble it's hard it's us. against the euro at this hour really look at the russian markets as i mentioned earlier to have a draw to now this is a seventh day of losses as you can see just on the screen and the my stakes are indeed down this hour and this is the biggest losing streak in its seven months and that is largely because of oil and rattles are declining because of manufacturing acting in europe and china if we get on to the stocks recently gas problems just get into the red they're planning to drive millions of tons of liquefied gas from a new field offshore and it is for a.o.l. as well is that because financials are managing to hold on to their gains is still up. many grafters it will be possible. cut the stakes in the us in that bank but i think it's going to take about four years' time because of all the legal. that they have to. legalize they said now we've also got. still holding on to right now i'm going to talk about the f

the dollar as a reserve as much as they used to, and there are rumors, well, if iraq wanted to use the eurod china wants to use something else, and that is a beg deal because that would play havoc if more and more left the dollar as the reserve, our problem would be worse, the price of fuel and oil would go up higher in terms of dollars. so, no matter --. >>neil: but the dollar thing, you are so smart you are going to least me in your wake, but the problem with the dollar, it is indicative of the problem in washington, to control our finances and spending more than we have and we have become this global currency laughingstock, and the only thing saving us is that there are greater laughing stops so by comparison we lock better but if washington doesn't get its act together and get the spending under control doesn't this mean assuming we did not change what we peg to the dollar, oil or gas will get a lot more expense and inflation will be more of a problem. >>guest: absolutely, that is the case and that is what i have been warning. and people do not understand, really, if the oil prices and

euro. stay with us here on r.t. still ahead this hour homeless and hollywood. i think america's run around. the cap and say whoa whoa we're having cleaned up beyond backyard right here on skid row you've got the largest mall most popular in america you know where to go the city of angels homeless community growing rather government couldn't turn a blind eye or in a few minutes. but first political prisoner is a term associated with the darkest chapter in soviet history when millions were locked up in forced labor camps known as grew up in a bid to make sure the horrors of the past are never forgotten the russians converted one of the remaining gulag camps into a museum or he's peter auer visited the site and spoke with one of its former residents hidden away in the ural mountains hundreds of kilometers from the nearest city is perm thirty six where the soviet government sent its dissidents now though it's a museum dedicated to making sure that's part of twentieth century history is never forgotten. people wanted to understand the causes of those reprisals name

this if you could come to this point and then i think then the germany would pull out of the euro stay with us here an arche still ahead this hour homeless in hollywood. i think america's run around playing captain saber hole would have been cleaned up the own backyard right here on skid row you know if you've got the largest mall most popular in america right. you know where to go is the city of angels almost immediately growing while the government appears to turn a blind eye or in a few minutes. but first political prisoners a term associated with a dark chapter in soviet history when millions were locked up and forced labor camps known as gulags and a bid to make the horrors of the pet make sure the horrors of the past aren't forgotten russia's converted one of the remaining gulag camps into a museum or he's peter oliver visited the site and spoke with one of the former inmates. hidden away in the ural mountains hundreds of kilometers from the nearest city is perm thirty six where the soviet government sent its dissidents now though it's a museum dedicated to making sure that part of twent

of race series starts with a big government already us citizens. the euro zone's finance ministers are meeting later today in brussels to give their final approval to the release of international funds for greece the second one hundred thirty billion easy i.m.f. loan had been agreed enough so between nine eleven and athens only the final hurdle on its way to clinching the much needed bailout cash at the end of last week greece managed to talk private creditors into accepting a crucial bond swap deal to reduce its debt burden by more than one hundred billion you raised he loses the deal to this crisis claiming a solution to the crisis at last been found just hours later their optimism was shot of as to credit ratings agencies moody's and fitch declared greece to be different and william anderson associate professor from france but state university believes that the politicians are just burying their heads in the sand and willing to have thanks to this. this is a belief i'm going to whatever you settle with your creditor for less than what you or or have agre

the screws system is mostly used in the euro. is really no from the news he. is already making agreements with india and china to have exchanges there are currencies and for other systems or so. what would not be sold in europe would be sold elsewhere the issue of sunshine in iran is something that comes from the united states and europe following because there is no other way out for you and for that i mean they can increase this to try to facilitate the negotiating table but it will not magically change the course of action. will be taken in tehran anyway the chief of the international monetary fund believes that major vulnerabilities still remain in europe and that they could prevent the carnage from overcoming the financial crisis christine lagarde was speaking in china where she called the country a bright spot in an uncertain global economy and just as our silly records many analysts now point to beijing as the possible savior of europe. with china's three trillion plus dollars in foreign currency reserves it was only a matter of time before debt laden e

us. moving on or have a look at the currency rate see how that's going on as you can see the euro dollar is still high this hour one thirty two forty three about one of the ruble is set off it's trading for today and as you can see there it's hard hits us dollar against the euro at this hour. another nice see my six dollars yes has revealed the become one of the world's fifth biggest bourses also achieving its top ten i am ahead of schedule in an interview with the new bushell its president also confirmed the much will hold of initial public offering currently has been mixed but again it warns progress as an international financial center. we're not here for the company of the company we're planning to do very little. but basically we're within the children the key question is told we get them to do it for a little bit about the market go up when i think i think it depends on the cold hard work to develop the financial markets here we. have to develop for initial markets here. and we're going to be looking at about stock market old day today in the next hour i'm going to be showing you th

euro you can see that. because a weaker than anticipated german sells us going against the euro at the moment the ruble is we can get some greenback and i are against the year i. and move in on a russian initiative starts will soon have an easy way of getting financial support the russian venture company the artist my sex schools and high tech for us not o.s.'s we have a joint venture to trade shares of alice is high tech companies analysts say it will become a business in cuba. you base a book promising firms are willing to list on the boston market is. on a deadline is over for those interested in getting a piece of moscow's dormancy as if apple is and it turns out only vote company will supply it's not russian investment holding sumach yen is all that dough majed if i only can get a five billion dollars for the airports but no one seems to be willing to dish sounds that much monday. ok i'll be back with more market news in about fifty five minutes time to join me. as russia votes for president r.t. looks at the five running for the kremlin a top jobs picture and today to move money approaching a two time

that greece spain portugal and all these mediterranean countries could exist within the same euro zone used a country like germany was completely farcical from the start. we said it we predicted this it was impossible that a coup so the only way that this thing can move on is for probably the north the country with the form their own euro zone and for those who fall out altogether to go back home for their own good and. in southern europe if a euro dream is fast becoming a nightmare in spain there have been huge protests against austerity cuts and new labor laws which opponents say will make it easier for workers to be fired but in a country where unemployment rates are among europe's highest but the financial crisis isn't stopping new regulations from brussels as artie's syria reports. there's much ado about these feathered creatures. on january first of this year the european commission's welfare of laying hens directive that the use of battery cages like this and now requires at least seven hundred fifty square centimeters of cage per head. and. they took the mobile home to make it will

finance ministers from 17 countries that use the euro are meeting to try to hammer out more details ofut. top leader from the european central bank say the euro countries will probably suffer a very mild recession this year. >>> meanwhile, china's economy also showing cracks. the country's premier lowered china's target rate for economic growth and last month china had its biggest trade deficit in a decade -- $31.5 billion as imports swamped exports. here in the u.s., it is all about gasoline prices at the pump. now $3.80 a gallon nationwide up from $3.56 a gallon a year ago. and no surprise, ridership on mass transit is up 2.3% according to a new survey from the american public transportation association. 10.4 billion trips last year, the highest since 2008 when -- you guessed it -- we saw gasoline prices top $4 a gallon. stocks on the move today. defibrillator maker zoll medical maker jumping to $92.76 a share after its board agreed to a buyout offer from a japanese corporation. >> busy day. >> could be, absolutely. >>> well, it's already feeling like spring outside and now we are ge

euro. well stay with us here on are you still to come this hour homeless in hollywood. a big american run around. where they haven't cleaned up they own backyard right here on skid row you've got the largest city in america no more to go with the city of angels homeless community growing while the government could be turning a blind eye born a few minutes. but first political prisoners a term associated with a dark chapter in soviet history when millions were locked up in forced labor camps known as grew up in a bid to make sure the horrors of the past aren't forgotten russians converted one of the group logs into a museum or the peter of a visitor the site spoke with one of its former inmates hidden away in the ural mountains hundreds of kilometers from the nearest city is perm thirty six where the soviet government since its distance now though it's a museum dedicated to making sure that's part of twentieth century history is never forgotten. people wanted to understand the causes of those reprisals and name all the victims and pass the knowledge of what happened here

euros. protecting europe's weakest links from having to face skeptical investors directly. >> city walls were often used in the middle ages. you needed walls higher than they could scale the with. in this case, the financial markets have very long letters, and increasing the firepower by a few hundred billion euros is not enough. you'll need a threefold increase. the finance ministers do not have the sort of money. >> critics say some european nations have been living the high life without being able to pay their way, but once european leaders have signed the fiscal pact before them, they will have committed themselves to balanced budgets. analysts say that is equivalent to one size fits all. >> it is impossible to bring northern and southern europe. southern european countries have such a high level of debt, they will need decades to bring it to a manageable level. with that as high as it is, you cannot achieve much in the short term, so the fiscal that is of no consequence in the short term. >> despite the billions spent, there is still no guarantee it will not all just be money that politicians slowl

felipe bagus is here to help figure that out he's author of this book tragedy of the euro and he is here to tell us how the tragedy is impacting us today thanks for coming on to the show welcome back. and you are great to have on because you are a german economist you're sitting in spain you're at the heart of where this is all really going on so before i get to what precedent this sets for greece for other countries as i just mention we do know that the e.c.b. has been doing quite a lot so that the government and banks can have more time to figure out the situation in other countries as a result we've seen its balance sheet explode and we're often very critical of the fed's balance sheet on this show but i want to bring up the e.c.b. because it's actually increased very very much and it's expanded more than the feds has in the past three to four years how large is this to you. well it's very wrong . just. wish i was leverage and. it's liabilities that is the euro is actually bent over every bit as it is by loans to install its own governments and banks yeah and just to give our viewers a live in a

now, if we're talking about the euro as more of a vision for european integration, then we have a clear divide. the older generation, of course, because they're still used to the currencies, they haven't bought it yet. we haven't sold it to them yet. the younger generation who grew up with the euro, for them it's like -- it's self-evident that we should have the same currency. but have politicians and maybe to some extent the ecb failed to sell us the euro as a vision rather than as a currency that's pragmat pragmatic? >> no. maybe it's been too much a vision. i think that, you know, people in the end like visions, but when it comes to a crisis, the vision is maybe too far away. i think maybe the mistake was to think that once we get the euro, then the job is over and, you know, we're all rich and famous and that's not the way it works. once you get the euro, you may be facing tough times or you may need to become fronted with discipline in your behavior. and germany experienced this in 2002, 2003, 2004. now sparnin, italy are facing this. you cannot live in a common currency and have your nominal development, gdp and so forth totally out of line. i mea

the danger is either collapse of the euro or collapse of the us dollar so on the other hand say in china the chinese government has been you know for a couple years now after several years of a parroting all their citizens think it's because silver to buy pickle gold you know you're running state sponsored commercials in the country to do so many asia has a history of thousands of years of our goal and silver as money so i think you know asia will protect i think the asian governments will protect its citizens more in that sense than to the western governments because really this whole ponzi scheme re max or saw global monetary system is really the western bankers bustard banking and initiated yeah it's interesting the dynamic within a year out of the dollar i was going on there people all assume that the year i was the weak weak link in the in the global currency outlook but course china is much more sympathetic to seeing a strong euro than they are the us dollar maybe get into that a little bit for us j.s. cam sure i think that's a great point max as i've always felt that it's you know

us markets there are close to figures on friday. was mainly led by gains in the financial and more than thirty stocks moving on now let's take a look at the x. change rates the euro is flat against the greenback when it comes to the ruble it's stronger against the us currency but losing against the euro now having said that the ruble is becoming more popular in emerging markets it's trading volumes at the chicago mercantile exchange are up forty six percent year on year in the first two months of two thousand and twelve but experts are saying that over dependency on oil may growth now let's since we're talking about all let's strike out what's happening there we're seeing that crude is currently trading in the red and that's despite expectations that economic reports show that the american economy is strengthening but we still see the main factor believe that concerns with tensions in iran may lead to military conflict and of course iran is a region where more than half of the world's world reserves and here in moscow it's now less than two hours ahead of the opening bell and what you seeing on the screen right now is the closing picture on a friday and what we s

that greece spain portugal and all these mediterranean countries could exist within the same euro zone used a country like germany was completely farcical from the start and we said it we predicted this it was impossible so the only way that this thing can move on is for probably the nordic countries to form their own euro zone and for the sort of countries to fall out altogether to go back into their own couldn't you know how easy is that how can you just pluck new currencies out of thin air is there there surely are barriers to to an exit mechanism on any they're always trapped within that it's unrealistic to think you can just suddenly create a new economy. well it happened before and we just got to look at what happened in czechoslovakia in what was the creation of the czech republic and slovakia you country code and so you support that they won't allow these countries to leave or not they will continue to if they will continue with more bailouts and wolfgang schauble german finance minister isn't talking about a second bailout he's already talking about a third bailout so this hundred

euro. so good to have you with us here on our team today and for you this hour homeless in hollywood. i think america has run around. but cap and they haven't cleaned up the own backyard. if you've got the largest mormons park in america but no where to go the city of angels the homeless community is growing i want to turn a blind eye i want that for you just a few. political prisoners a term associated with a dark chapter in soviet history when millions were locked up in forced labor camps known as gulags in a bit to make sure the horrors of the past are never forgotten russia has converted one of their remaining gulags into a museum that is pretty all of a visit of the side and spoke with one of the former inmates hidden away in the ural mountains hundreds of kilometers from the nearest city is turn thirty six where the soviet government sent its dissidents now though it's a museum dedicated to making sure that part of twentieth century history is never forgotten. people wanted to understand the causes of those reprisals name all the victims and cast the knowledge of what happened h

juan is the only one to tell us exactly how much he has one -- 100,000 euros. >> i bought a few thingsnot much. i am just living as i did before -- going to work, played football, going out on saturday. monday, it starts all over. everything stayed the same period that her husband is a builder. he lost his job three years ago when the property bubble burst, said the win came just in time, but the villages are keeping their feet on the ground. >> it really has not changed anything. we live the same lives and keep going to work as usual. >> but not everything is the same period a man comes to the village to sell bread, which won local banks is overpriced. the salesman replies, "you have a pile of money now. calm down." playing the situation down clearly does not work on everyone, but life here looks very ordinary. we discover one villager has treated himself to a brand new harley, he does not stick around to talk. the traditionally made money from agriculture. we need a sheep farmer. many young people will delay, seeing no future in farming, but he is now financially secure and does not

that greece spain portugal and all of these mediterranean countries could exist within the same euros old used a country like germany was completely facile from the start and reset it we predicted this it was impossible out of her way so the only way that this thing can move on is for probably the north or country for form their own euros all over the country to fall out altogether to go back home for their own currencies. in crisis that spain the euro dream is fast becoming a nightmare is madrid says it can't meet all stary targets set by the e.u. there's been huge protests against cuts new labor laws which opponents say will make it easier for workers to be fired in a country where unemployment rates are among europe's highest but a financial crisis isn't stopping more new regulations and red tape from brussels badly hitting some businesses as our correspondent cilia reports. there is much ado about the spread of creatures. and jan first of this year the european commission's welfare of laying hens directive that the use of battery cages like this and now requires at least seven hundred fift

idea that greece spain portugal and all these mediterranean countries can exist within the same euro zone used a country like germany was completely possible from the start. we said it really predicted this it was impossible it's a way the only way that this thing can move on is for probably the north a country form their own eurozone and for this little country to fall out altogether to go back on their own couldn't be i think what you will see is heaven forbid you might see a shift of the far right if they continue down this line because people are very unhappy in these not just on happy about the economic problems but also unhappy about open door immigration policies which seem to be promoted by the european union so i think you will probably see a euro skeptic right across northern europe in particular the boards in the european elections in two thousand and fourteen and i just don't know what's going to happen in this world in your p.c. because maybe in greece it's not beyond that maybe you will have the revolution because people are very very unhappy and the. voices have already started

euros. paul joins us next well the latest from the world of sports stay with us here on r.t. . thank you mark welcome to the sports headlines here's what's coming up. pace progress russia's maria sharapova reaches her fourth miami masters final after a grueling three set win over dame caroline wozniacki. playoff pressure trucks or take a one nil lead in the best of seven series against auburn god after winning game one to make a celt eastern conference finals. i'm goals google or we'll recap again with thirty six in the russian premier league as we show you all eighteen strikes. but first tennis and russia's maria sharapova has put her place in the final of this year's miami open but she did it the hard way after coming from a set down to beat caroline wozniacki four six six two six four in the semi final it was the russian who came through this grueling match which lasted more than two and a half hours and started brightly for the australian open final as she raced into a full one lead in the opening set only for her danish over the last five straight games to take it six for.

there's going to be resistance to this is to us and it will it will the euro zone survive as one whole empathy i think there's a good chance that some of the southern countries greece maybe actually maybe maybe spain portugal may withdraw from the euro. the euro benefits the german nation more than anybody else because if we didn't have the euro we would have a george mark and we would have the lira italian lira george moore it would be here the lira would be here so it would be one say disbands for three four hour is what do you think you take probably for so if the euro goes germany will have unemployment at twenty percent so they need to keep the euro going you have to remember that the european community as a collective is solvent. it is solvent but the money is all in germany not in the other places so whether they can keep it as a whole is going to be tough and it's particularly tough for the germans because the germans understand that they need the euro otherwise they're going to get unemployment of the man in the street in germany sees his taxpayers' money going to these guys i

the markets are moving on to currencies the euro is slightly lower against the us dollar and that's ahead of a meeting of you finance ministers and they will be discussing whether to increase the euro zone emergency intervention phone when it comes to the ruble it's losing against both major currencies but we'll have a better picture on that when the russian markets open which is in just under an hour's time now but what you soon right now is the closing picture on a thursday and what we see there is just it was a sea of red as well with the r.t.s. news and over it super sad and the markets have failed to reverse their long losing streak there was so it's not some optimism but that the last very long and this has put densmore chewed up in a very successful quarter for all the stock markets here at c.s. at seventeen percent since the beginning of the year overall for them i say that was seven percent and what was helping was gains on wall street as well as strong wealth twice is what analysts expect that we'll see a rise in twenty percent this year. now if we move on and we see that global

serious change the brics group of nations aiming to break the spell of the dollar and euro is the main reserve currency used or his previous reader has been following the story she joins us live now from new delhi with all the latest. so how exactly are these foreign countries playing to waterboard a western economic model what's their driving range. that's right now well there's a lot going on here it's the fourth annual break summit leaders from brazil russia india china and south africa all just concluded their talks they also signed an agreement to give loans in their local currencies obviously this is a move to move away from the dollar and the euro there is a lot of talk here today about the traditional financial institutions like the i.m.f. the international monetary fund and the world bank which have traditionally been led by the last one of the things that talked the agenda today was. talking about a potential development bank between the brics countries that's something that's going to be further investigated and they'll discuss that again at the fifth annual break summit next year in south africa

two hundred fifty billion euros for the money has been used for bailout for portugal and ireland so putting it all together would make seven hundred fifty billion euros over germany is now willing to agree to this i'm just going to say they have. to do so and it's also as willing to increase its share its contribution to any of the funds that you will find us ministers this greece ahead of the summit to see if the condition is needed for it to get its one hundred thirty billion euro bailout the second one of its kind. reporting there is one nation planning to lend a helping hand to struggling economies later today on all three of the kaiser report . stories we discussed what lies behind the seemingly friendly gesture for a preview. the german government is prepared to send one hundred sixty financial experts to greece to help the country overhaul its tax collection well actually this is the british math of imperialism they would send people to help the poor indians they would send people in to missionize and help kenyans you know this is the method of colonization it's one method it's you d

dollar besides big euro for obvious reasons to use for trade and investment aiming to move that along and internationalize its currency china reportedly is planning to extend the loans to other brics nations other countries in the blog are planning to do the same with loans in their respective currencies we'll talk about what this all means let's get to today's capital account. so the group that spot deadline was today just about an hour and a half ago now purport preliminary reports greece clear the minimum threshold to get this deal done i've seen anywhere from seventy five percent to ninety four point five percent of private creditors signed on according to reports so far now this is yet another case though the solution isn't really a solution yeah forgive the debt in order to take on more debt to deal with the problem that is too much debt none the less these are the policies they continue to be deemed solutions by leaders and speaking of super mario better known as mario draghi president of the e.c.b. was defending another one of them today in a press conference saying that the e

euros. to moscow out next with martin and use this time focusing on art and art lovers in the russian capital stay with us. hello and welcome to the show on this week's moscow edition you take a look at the subjects of drawings or long. things and various schools galleries and shops the subject plays a large part in the cultural world of moscow and is a wonderful form of expression whether amateur or professional in whatever guys is adored by millions here. the case is next to the central house of autists opposite the store is called. toilets in english. has a wide range of high quality all supplies from painting materials to prince making equipment. the self members are experienced artists who can offer any custom is helpful advice. and it also is a not students or is it our show as well a kid next to a larger submission hall many customers after visiting his displays come here inspired by the paintings they've seen they want to try to create a painting of their wounds and revise them one good tools and materials to use and you know. there is also a framing center where you can give any imag

and world bank there i mean to break the spell of the dollar and euro is the main reserve currency used artie's korea srifa as more for media. today is the main day of the course and a great summit leaders from the world's top the merchants part of these personal russia india china and south africa are here in new delhi to discuss their strategic partnership together these five countries account for purity percent of the world's population right now they are expected to make up almost impossible to global treaty in the next eight years by twenty twenty many analysts are predicting that because of these countries rolling economies they're actually going to have more clout in the political realm is bluff now we're seeing many of these countries russia and china for example getting up to last year in front street on major issues that are going on in the world like syria russia and china recently with both sides that they value the u.n. secretary general a whole fiance plans for a cease fire in syria we're also seeing the issue of iran many works countries are standing up on that issue as w