a very warm welcome to you this is artie live from moscow with me alice had this now after years of waiting around his which on its first nuclear power plant the country's atomic chief says the russian build share reactor will soon begin pumping electricity to a rainy and cities artie's the tahlia novack of the health the details. overrun didn't announce the exact date when the nuclear power plant was launched and they say it was because there is still a lot of testing to be done and how before it starts pumping air with certainty into iranian homes they're expecting it to happen within the next one to two months momi burning down. hopefully we will witness a large deliberation room for breach when the bush or plant is connected to the country's power grid even though iran didn't announce the exact date it came as no surprise russian companies or saddam that helped to build this nuclear power plant

was loading a fuel into make nuclear power plants began on the twenty sixth of october now the next step it will be the fuel that has been loaded it will be heating the water that will be generating steam that will be turning that european and then generating you know electricity and distilled is too soon to say that's a pushchair is now working as full capacity as there are a lot of testing that has to be done to have iran is currently under a un sanctions against its nuclear program and the last round of sanctions was imposed to this summer with threats that indeed iran might be creating a nuclear weapons who were sure is not the part of a new iran's nuclear program that is a big concern to the west that is a peaceful nuclear power plant and an international experts are saying that there's very little chance of proliferation also the russian companies will start them that helped operate that helps operate and help to build the nuclear power plant says that both russian and iranian experts are working under the supervision of international atomic energy experts and what's also very important is that marshall

will be supplying the nuclear power plant with its enriched uranium but also taking the nuclear waste out of the country in order to make sure that it's not used in any other way either other than the peaceful purposes. well let's now talk to reign in policy experts university of tehran the fall it is that he misses out in many of the joining us here now around says there's still some testing that needs to be done before people there actually sell my desk electricity from the plant itself so what's the importance of the announce which song today. i think it's a sign that the iranian government is going full force regard to its. nuclear program. apparently don't have any effect. this issue iran is basically continuing the process that asserted many years ago that

would surround get from russia's participation in this project. you know russian companies have around to build this plant and know the plant. they know that iran is not going to military use regard to this plant or for that matter it's nuclear program altogether and that is a sign that. iran is basically following a peaceful nuclear program and russia is physically on the ground to see that and to prove that so that helps you runs international standing showing that it doesn't have any. reason to go nuclear and it's going now you talk about a lot of things helping to improve iran's international standing by let's talk about the broader nuclear program here in particular part of it the dull schools concerned the wider international community but we do know that iran has finally

agreed to participate in the six party talks over its atomic campeche and that's the first time it's agreed to do so and months. is that is that a reaction to growing pressure it's it's feeling against it. based on what i see here based on the statements that government officials make here and based on the policy that we can observe here iran has been very much interested in negotiating this issue and i don't mean you know there is this possibility of a military attack and iran is not really interested in that so iran is very much interested in me go shooting the concerns and talking about the concerns. iran has been sort of willing to talk about these issues from the very beginning as far as we can tell from here. and that is basically continuing so what iran is saying is

that we are going to continue with our peaceful nuclear program and we're willing to sit down and talk to a party of concern about that and as you know international atomic energy agency came out with a report a few days ago basically saying that they have not found any diversion to military use based on the reports that inspectors have had so i think iran is what iran is doing is saying that look you can come and inspect our facilities and see for yourself that we are not using this for nuclear military purposes but despite your protestations they say it's all for peaceful purposes and this is also what we've heard before coming out of turn around the west still still point the finger asked around saying the all not transparent enough about what's going on what is it on ready to do you to repeat international fears that it could potentially still working to develop a nuclear weapon. you mentioned iran is

using russia's help that you got to its nuclear program iranian president mahmoud i did measure that many months ago that. some other western countries other western countries that are concerned about nuclear plans nuclear program should come physically to iran and participate in this program the same way russia is doing and that would be the best way to ensure that iran has nuclear program is not going toward military use by these companies these countries being in iran and helping different facilities and at the same time physically watching what's going on that was offered that the iranian president had the other side there were some governments the united states government did not really accept that we had this agreement and accord between iran and turkey and brazil basically trying to resolve this problem and that was not accepted by the united states it seems apparently the

u.s. may not be really interested in resolving this issue because they use this nuclear issue as a way of pressuring iran politically it's more of a political problem than a security problem and as long as there is no willingness from the other side to resolve this issue i don't think it's possible to solve it i think the delaying that iran will invest your child i'm afraid you're going to outlive that money think feel full. now over to switzerland where people are set to vote on whether immigrants who commit crimes should be automatically deported supporters of the move say foreign a friendly policies should be reversed locals bond in a country with a high proportion of immigrants many think the proposal ballasted in sunday's referendum is to punitive. reports. two years ago twenty two

year old life was brutally cut short we. know why son was at the carnival with his friend he was just standing and having a conversation with three young men came towards him and started beating him with their fists the eat him on the head beat him until he fell and then started kicking on the beat him to death for no reason no reason at all they did it just for fun. details then emerged the victim was swiss the attackers were from the balkans and immigration sentiment rose giving traction to a referendum proposal to make it mandatory for foreign criminals with heavy crimes such as murder and rape to be kicked out of the country just a year after voting in favor of a law banning the building of new minarets on mosques the swiss are set to return to the polls on sunday with another yes or no decision to make a lot of people should no longer be in switzerland because they don't deserve to be answered so some people i mean they get so much money and they are really hurting

our scrimmages i mean because no matter. you can't keep them all out we need immigrants period over a slew or member of the swiss people's party which initiated this referendum is adamant that the answer should be yes eighty percent of the prisoners in this race prisons are foreigners it's a very high every age you see our attitude in these foreigners we have a lot of foreigners into it. and who behave within the law who respect the law who look for themselves they are welcome here in other words out with a black sheep a sensitive statement to make in a country with more than a fifth of its population made up of immigrants one of the largest in europe wary of a backlash from the e.u. and the world this response released a counterproposal with amendments to the list of crimes and provisions stating that

deportations must fall within both swiss and international law still either version is seen by some as another anti immigration move adding on to what's been dubbed as a rising wave and immigration sentiment sweeping across the country and the whole of europe can you make a difference between drug dealer who was from nigeria or from russia from india or is a swiss is a drug dealer a drug dealer a better one so i don't make a difference between someone who is doing something wrong the law should not look whether he's white black or whatever what language you speak for the father of them jani the debate is a personal one he prefers not to divulge his vote but does say this those who come to switzerland if they don't become delinquent or violent then there will be no problem other one had the very idea of a proposed law targeting immigrants has raised accusations of racism and intolerance but could also be

a way of saying that even tolerance has its limits no matter the outcome of this referendum vote many european nations will continue to face such tough questions the answers to which may keep boiling down to a yes or a no just or so you r.t. zurich switzerland. but you can help today with all of the latest news on a website that's home he says a taste of what you'll find online few minutes. from my city names poll say they face dame discrimination in the three way near where the native language is out. people in the us is a far reach full of. three it started when they saw all this time zooming around the city streets but it was just a man go to the shops or find out. thousands of miles through the streets of dublin to protest ireland's hostile territory measures which include slashing jobs and increasing taxes workers have been calling

for the come to be directed. bank instead of it would marry people it's the first major rally since on and open negotiations for i.m.s. the bible package last week around nineteen billion euros is expected to be pumped up and called me financial trouble the spreading around the euro as they trickle in spain may be next in long term bailout german economist mark is kind of told r.t. the biggest economies won't be able to pay for other states. the german taxpayer is no longer willing and this is very very becoming very reluctant to bail out countries like greece. example of very bad governments and we are no longer willing as we can either to bail out ireland to fuel the ailing banking sector i think this is a general incentive this umbrella which the. heads of government have created under

the menace of the president of the european central bank. is so large that everybody wants to be protected and the more it's raining cats and dogs the more they want to be protected and the portuguese. prime minister of finance minister pushed ireland to put themselves under the umbrella to be under the umbrella themselves as quickly as possible this is an inflation of claims to be bailout which will ruin of the eurozone sooner or later germany is economically nor the able to. bail out. the german taxpayer who has a word to say in all that is no longer willing to do saying something like that. well that was marcus an economics professor speaking to us from berlin while with aspirations to join georgia certainly seems to be matching union at least in one respect their country's foreign debt is increasing spreading fears it could soon go bankrupt i critics

a little of the bard why has that actually been spent on people's needs with huge amounts being poured into so-called about the projects r.t. sarah firth reports. anyone who's ever received a hefty credit card bill the pain of having to pay off what you well judy could face an eight hundred million dollars in interest payments by twenty thirty. two spiraling foreign debts mortgage. the level of debt has doubled over three years there is an international norm saying that if a country's external debt which is sixty percent of g.d.p. then the country is considered bankrupt we're currently at over the forty percent mark ga continues this it is entirely possible that we will find ourselves in that situation. external debt is now a major concern for the country and the government has come under heavy criticism for borrowing so extensively one of the main criticisms has been the government's

heavy investment in construction projects such as the freedom bridge which many people have said was completely unnecessary but it was built just a couple of hundred meters away from the bridge that withstood. with the foreign debt growing the country's economic potential needed to be growing to. that with wine one of its only strong export products and a lack of investment in areas that would generate money government will have no way of paying back what they. call this reversal we think it will be very difficult to cover such large payments from the state budget and the country may have to refinance the debt meaning it will have to take even more money for me to national organizations and partner countries. so just what have they been spending all that money on whether need bridge for starters which kashdan at an estimated six million dollars. then there's the presidential palaces snazzy new class day in which guess

is between twenty one. million dollars. and a number of other controversial projects including a glass monument and a raid which totaled two hundred nine million dollars. the glass buildings which were symbols dreamed up by president saakashvili to portray a new chance parents government and now seen as grimly ironic. to spend this money. this is really say this is really for. the city in carrying such large debts to the country has also done little to improve the conditions of the population. such. as. health expenditure so.

economists say this foreign debt is now one of the most serious problems facing the country the georgian government say they've used the money to rebuild the country and forge a bright future but for taxpayers that. carries a multi-million pound price tag that they'll be paying off for a long time to come so fast. in-depth analysis on what's happening to the world's finals is due stay with the sea president of the world bank will elect explain a crisis that countries should do to the bible home she can omit climate our exclusive interview is in the business bulletin in around ten minutes time. and now a look for some other stories making headlines around the world and that pyongyang

has accused career of using civilians as human shields in their confrontation earlier this week it comes just after xmas south korean military personnel clashed with police during a rally in to show their anger at the country's response to its confrontation with the north tension between the family is this one a high as the u.s. and the south prepare for a large scale military drills that began on sunday pyongyang has this new new warnings against the war games calling them on our part noble provocation. authorities in baghdad of arrested twelve militants in connection with last month's deadly siege the iraqi interior minister described the arrests as a blow to the al qaeda network insurgence took more than one hundred people hostage in the church and demanding the release of al qaeda prisoners the siege ended with more than fifty people dead including all the gunman. police in the u.s.

state of oregon have arrested a teenager over a plot to explode a car bomb the somali born american news a ledge target was a crowded christmas tree lighting ceremony in the city of portland he was detained after making a phone call which he believed would detonate the device the bomb was a fake supplied by the f.b.i. as part of a long time operation. the u.s. has briefed a number of foreign governments about the expected release of diplomatic files by the whistleblower web. site wiki leaks well they're thought to include private assessments of foreign leaders and could erode trust in the u.s. as a diplomatic partner the website says the amount published will be seven times greater than the pentagon's files on the iraq war was released in october well the white house that they're not sure what the leagues will contain but that they will put lives at risk so. they don't go away i'll be back with an update of our world

headlines at home past the hour right now bo a business update with kareena. hello and welcome to our weekend business program good to have you with us policies to stimulate growth are the best way to ensure the economic recovery doesn't falter according to the president of the world bank it's a view that appears shop at odds with the austerity measures being brought in across europe our correspondent paul caught up with robert zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalance seen aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot of focus is on infrastructure development where we saw with china in the

ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will mean dominance what you're going to have the role of . the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital and over time the question is how will they move to that issue so the currency issues i think reflects some of the lack of confidence in the nature of the overall economic recovery and again to put that on the right track i personally think the pro growth solutions are the most important do you believe the u.s. is actively devaluing its currency no i don't think it is now the currency may go down but i don't believe that's the government policy if the traditional developed economies in the west want to motion players to play

a more active role and here i'm thinking of the. shouldn't they have agreed to stay in the key financial institutions like the i.m.f. and. i think that's a natural course of development of this new system that we just talked about i mean so part of this is you're moving from a g seven g eight world to a g. twenty world which has those countries at the table another part is that over the past couple years we've been able to shift some of the voting shares so that developing in transition countries at the world bank now represent about forty seven point two percent of the vote we added another chair on our board. for sub-saharan africa just as important and that is the staffing so for the first time in the bank's history the level right below mine the three managing directors are all from developing countries our chief economist is from china so i think these are part of the evolution at the same time is developing countries play a larger role they also have to assume responsibilities and that's part of the

tension you see whether it be climate change trade growth currencies do you think you'll be the last american to lead the world bank first off. those are questions obviously for the shareholders to decide i'm just trying to do the best in my term second it was very interesting how you stated it if you open it up to broader process i hope you're not precluding but if you say i'm the last american that would preclude it but i think that's an important point because just from my own perspective you know while i've served the u.s. government at the state department treasury i personally believe the united states needs to engage in the international community to engage in multilateral institutions my worry is more sometimes the trends towards isolationism so i think it's healthy when the united states has a role in these institutions now their tradition she would never find us head of the secretary general of the u.n. other institutions are safe for regional authorities so this is what international politics will be about i do believe from my point of view i've tried to strengthen

the role of the emerging countries both in senior management and in terms of the voting power and equally important treating them as clients so the age of sort of trying to tell countries what to do is gone. and must stop closing the red on friday amid declines in equities in oil prices due to escalating tensions in korea that is beneath the cent lower in my eyes it's close down over a quarter of a percent most of the. game one point two percent on expectations that. three and a half percent stake in the gas giant would be sold to us to teach it can best. now the week has been volatile for the us and markets with investors concerned about the debt problems in europe from truck a dialogue explains what other reasons for the decline. it's thought it's with decent growth in international markets but on the tuesday we saw a sharp decline in all markets and actually that was driven by korean problems and

second the weakness of europe on concerns that island is experiencing serious problems and europe will have to help them with with the situation but then we saw the growth the own wednesday just before thanksgiving day in just a russian market full of this in general situation is changing that's for sure we saw someone to money entering russian markets and we saw that by is probably first time in many many months i would say industrial which is very very important just from looks very interesting i think the board decided to cut complex next year by ten percent which was taken by the market very positively and the market also expects that bloke of about three point five percent will be bought out by the colombine and that's also very positive for the market because problems were very well beat this week and that gives me kind of hope that said december will be stronger and i think the markets will be expecting the budget

expenditures growing in december and that's will cause the markets move further up at least it will give them a good very good support. and that's all robbed of all the weight but you can always lie most always on our website the t. dot com slash tests. wealthy british science holds a spot on the front. of the.

market. scandal find out what's really happening to the global economy for a no holds barred look at the global financial headlines to cause a report on our team. download the official ante up location. i pod touch from the top story. life on the go. video on demand all t's money gold comes an r.s.s. feeds now in the palm of your. question on the dot com.

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. ok this is our senior run has pressed the almost wigs for the nuclear energy plugs we got through that's all mike g.'s says the russian built the share we and so will soon begin pumping electricity into a rainy and. switzerland is set for referendum to define whether immigrants who commit serious crimes should be kicked out of the country and supporters on the prize will say it should be don't tend to protect the locals. until which is foreign debt spiraling on the president mikheil found his ratings war spreading fears the country could see go bankrupt critics say the money's being wasted instead of actually being spent on people's needs. to be more new.