you can the letter tell me to say don't need to go. read this in the kennel was her job as a retreat. countries bidding for hosting rights of the world cup twenty eight thousand and twenty twenty two are making their final push with russia as one of the favorites what we should be doing is saying to our friends and we will help you come out of the euro and get back to having euro currency fresh protests sweeping across europe against the need to balance a failing economy with italy among the next at risk following the fates of greens and our. president medvedev have called on the leading players and you're here in person side stereotypes of the past and work together say a few times the ability. and in business knowledge to be prosperous latest tenting acquisition will make your arse even their growth the largest energy company in russia more in twenty minutes.

or welcome to you live from our headquarters here in central moscow if you're watching our team with me and he said no way it's six pm here in the russian capital four pm in zurich where the fight for the right to host football's world cup has entered its final stage candidate countries are making their last presentations russia's bid for the twenty eight hundred torne are meant to said to be one of the strongest but it's faces stiff competition from western europe tusshar sileo is covering the events from the season media center. now a big names have been arriving here in zurich and the media had their stakeout in front of hotels where the the important people are staying now as you know the actual voting for and who will win the hosting rice of the world cup twenty eight thousand and twenty twenty two will take place tomorrow but presentations have already started now russia will make there's a tomorrow their final clash to fifty five judges but before we get into that let's

have a little bit of a back out and have a look at russia's bid twenty eighteen we believe this banner at russia's latest international friendly described how france felt about russia getting the world cup but does the country with a rich football tradition stand a chance of becoming hosts. the dutch coach of the national team certainly hopes so even though his home country is among the big. we need the world to. put the infrastructure. because the majority of the. many experts agree with that notion believing that russia lags behind its rivals in terms of infrastructure but that is about to change according to those behind moscow's bid this is the denominator stadium moscow's oldest this is where history's greatest football goalkeeper russian spent his glittering career

the game's legend did not live to see his home ground being transformed it is now under construction to become an ultra morden stadium. all in all russia plans to build sixteen stadiums for the world cup games a graphic presentation shows clearly that all grounds will be high tech the head of russia's bidding committee says even if it loses the right to host the cup it has won in other ways to look at. every promise that we have made to the sea is being fulfilled right now as we speak. we do have a lot of things to build. it's no secret and we have already started that even regardless of the first choice out of sixteen stadiums will be built regardless of the outcome of the december second footballers playing both in russia and abroad are relishing the prospect of playing on world class pitches but they say russia

needs the world cup to both revive its one strong football traditions and to open the country to the rest of the footballing world. i won't be playing at that cup anyway but i think it will be the biggest victory for my country if it gets that. brings. it's a huge. success you know and something like that is a huge thing and i'm for the people. experts say thursday's voting in zurich will be completely unpredictable the british press however believes that russia's bid and the joint one of spain portugal are favored to win the russian delegation hopes it will be able to impress the fee for executive committee just as russia's team did in guatemala to win the winter games for sochi. russia. reporting from moscow well as we've heard there's still a lot of work out to be done in russia but officials behind the russian bid are not

looking at this as a disadvantage in fact they see this as an advantage a potential for growth and development to support as well as a fetus legacy. behind could be a massive now joining me to talk a little bit more about this is our sports presenter andrew farmer now adjure russia is pulling out the big guns that was the latest from the camp site the big guns but the big news at the moment is that prime minister putin will not be coming to europe he says he does not want to put unfair pressure on the faith the executive committee which will vote tomorrow another logic behind it is that mr putin was largely credited with bringing the winter olympics in sochi twenty fourteen to russia heated up in guatemala. see you then gave the vote to russia but this time around he says he wants russia to win the debate on its i marries and therefore he does not want to be seen to be putting or leaning on the decision makers but big names will be here the vice prime minister ego she of all of the big presentation also coming later today is the russia captain. as well as the chelsea

iron dome on upper i'm over each speaking about scandals how the two officials have been suspended by fifo will remain suspended now this could possibly be good for russia could net it could do does mean twenty two members will vote tomorrow the winning bid will need twelve but it does leave a possible situation where there could be two teams left on the eleventh sage if that happens the face of president sepp blatter would have the casting vice and he's been making some good noises about russia over recent weeks so who knows if russia has left in that final round of voting and he's tied with another beating nation it could well go to russia all right well russia will be making the final presentation tomorrow they will be resenting of course the technical side of their pitch but as well as a pulling a few hearts rates up is that because for all sides of russia now russia will be the last one presenting it who knows this could also work to russia's advantage.

you're with r t coming up for you later in the program self watch a christmas present for the f.b.i. . entrapment is not illegal entrapment is getting someone to do something that they wouldn't normally do the arrest of an alleged terror suspect sparks criticism of anti terror tactics in the u.s. as agents themselves help him on the attack. also coming up for you missile defense for europe must be addressed and u.s. officials said watch what they say will reveal details of my dear putin's interview with american t.v. veteran larry king. but first another eurozone country another threat of an imminent battle out italy is the third largest economy that uses the euro and there are now fears it may start plunging in the same direction as greece and ireland with the euro failing the amount of money it costs rome to lend to debt ridden countries is rising dramatically spain portugal and belgium are also at risk of

being called into the crisis doubt about the future of the single currency and the e.u. itself have been intensified by fresh protests sweeping across europe people angry at facing savage cuts to pay for it all european parliament member night of raj says countries are trapped and find the eurozone and should get out to save their continent. if spain went down remember that the debt they've got is about seven times the size of them so we'd be talking there about three hundred fifty billion euros in italy bigger still so you get to a point where there is no more bailout money where the euro with its current form would cease to exist i don't know whether that will happen in the next few weeks but it remains a real possibility yes ok but in fairness the european commission president said on sunday that the eurozone isn't to blame for greece and all the problems in the wellings would have been much worse without the year i was in there's some truth in that there is not a single piece of evidence for those claims by the road. so all that room point

whatsoever listen when arlen joined the euro there were people like me saying there was no benefit for the country as most of their overseas trade was denominated in sterling or dollars anyway and that to join the euro they would have to have artificially low interest rates and for the first seven or eight years of their membership of the euro irish rates were three to four percent lower than they would have been had the irish kept the point what that meant was that the property boom became the most massive speculative bubble and that's why the bust is as bad as it is a now. finds herself in the euro where euro zone interest rates are going to head up over the next couple of years at the very moment that they're trapped inside a deflationary downward spiral or whether you're over the course of justice into their foreign may i mean look at the case of britain then as in an e.u. member signed up to take the benefits of european harmony isn't it right that they treat pain when times are hard you can't have your cake and eat it while any. well

let's examine what these benefits are show way i've been here for eleven years as an m.e.p. and i'm still struggling to find them because if what we're talking about is free trade is the ability of companies to buy and sell goods from our next door neighbor in countries look the swiss do that without being you members but all we do that without being e.u. members so if what the united kingdom wants is free trade she can have that without being part of a club that makes three thousand new rules for us every year and cost us a membership fee of nearly fifty million pounds a day and the seven billion pounds that the british government has said it will guarantee for the irish frankly is money poured down the drain what we should be doing is saying to our friends in ireland we will help you come out of the euro and get back to having your own currency otherwise frankly we're wasting this money despite all the troubles for example the stonier is looking to join the euro by two thousand and eleven i should say why would the zone accept new members and all this

struggle. because this is an empire mr gross said i think two years ago he said that the european union was the first ever nonmilitary empire and what empires try to do is expand so they'll have it into the euro they'll try and make join the european union next year of the year after they think that all the while they're expanding people will say well it must be going well it will take their attention away from what's going on with him sadly it's too late all the opinion polls show that in germany in greece in britain and ireland and right across the european union increasingly the publics of europe are holding the political class that have done this to them in increasing contempt let me be their night and ron speaking to my colleague terry dance and we have quite an in-depth enter interview for you who wants whoever's in on our to dot com or log on to our tom. meanwhile anger at the u.k. government's deficit cutting measures continues to rise thousands have marched

through london streets on another day of nationwide action in protest against plans to raise university tuition fees to previous demonstrations spilled over into violence stephen davis from the institute of economic affairs says the government is facing the consequences of a flawed policy. what is going on at the moment is that there's a huge series of unexploded bombs of bad debts in various countries which is being passed around a rather gruesome game of pass the parcel from one sort of taxpayers to another it was passed on to the irish times per its proved too much for them and is now effectively being passed on to the european taxpayers including the british ones what is needed is a mechanism for the orderly winding up of insolvent banks and financial institutions and that's what we don't spike two years in which we could have worked one out lots on the eurozone crisis and many more stories on our website of course that are to dot com here's what else you can find online right now out of the trade

our special guy gives you the perks and pitfalls of buying food in moscow's markets and the rules of successful bargaining. and over ninety years after firing the shot which sparked the bolsa big revolution the legendary cruiser aurora is officially decommissioned and its crew disbanded all the details that are team dot com. they're going ization for security and cooperation in europe is losing its influence and needs to be modernized are the words of russia's president dmitry medvedev who's been visiting the calls like capital of austin law as it hosts the first summit of the thirsty six member group in a decade russia also wants to reboot relations with the group which suffered after the country withdrew from the european conventional arms treaty three years ago

that decision came after the us announced its missile defense plans in europe also at the summit president medvedev has once again cost his initiative to create a pan-european security treaty but. the new treaty we have proposed would be aimed at guaranteeing common security for europe i think everyone who supports it is unusual it's been discussed for two and a half years maybe the stereotypes of the past is still strong and this initiative is ahead of its time but its turn will inevitably come as. well russia is looking to build greater stability across europe and especially near its borders that's according to victor newsom a political analyst from moscow's institute of strategic assessment says such conditions are important for the country's modernization but russia is not seeking any kind of confrontation of course believe. where some call it salted just goes where sybil it is for any kind of various forms but what russia wants it's

a very secure environment just personally on its border because we need it for the good if they show up and i think the russian diplomacy was the way back to you. personally in the last year of putting forward very interesting the very innovative also the so you dropped three d. on european security including. well russian prime ear of legendary putin has also been discussing the country's security policy in an interview with american t.v. host larry king he says moscow wants to become an equal partner in new plans for european missile defense otherwise it would force russia to increase its nuclear arsenal to defend its borders now when asked about the latest wave of wiki leaks putin said it was no catastrophe because it was such a poorly kept secret however he did lash out at the assessment of his relations with president medvedev saying the comparison to batman and robin was arrogant and

ethical who does interview airs wednesday evening in the u.s. and who's likely to be the last statesman to appear on larry king live before the veteran t.v. star retires. let's take a look now at some world news in brief for you this hour tensions on the korean so what continue to rise after the south announced plans for more artillery firing drills because right after south korea wrapped up a joint military exercises with the u.s. the north has condemned the copper a sion and said that any attacks directed towards it won't go on answered major powers in the region including russia china and japan are planning emergency talks to confront the crisis. a funeral procession has been held for the ukrainian nuclear scientists much sherry ari who was killed on monday when i was held up photos of the murdered academic and transferred slogans against the u.s. and israel they believe was behind it protesters say that by killing the scientist

the wrongs enemies are trying to halt the country's nuclear projects sorry or it was killed by a bomb which had been attached to his car by a motorcyclist. it's been held as a coup for u.s. national security the capture of a terror suspect accused of planning to set off a ball at an annual christmas tree lighting ceremony but as our news on this does your church in the reports many believe it's a case of entrapment which agents with agents rather having groomed the nineteen year old small the american for the crime. this winter season the f.b.i. celebrates the reason the arrest of a potential terrorist but a little something is wrong with this picture over the eighteen months they cultivated him the alleged plot or as a teenager the bomb he planted a fake and the f.b.i. allegedly went to pilate at him into committing a crime entrapment is not illegal entrapment is getting someone to do something that they would normally do the guy named mohammed had his e-mails tracked by

authorities while they waited for the right time to get him to act against u.s. national security or the f.b.i. as dave said with him every step of the way because he started to say he was fifteen years old for years x. amount of money and efforts from the f.b.i. later the sting mission comes to a close the nineteen year old is accused of plotting to blow up a christmas tree in portland oregon the language used against him in f.b.i. records is all too familiar to the sensitive american and even though the device was. here spreads like bacteria the threat was very very real. media images were quick to portray what could have and would have happened had the bomb been real. becoming yet again not a watchdog but an echoing voice of authorities along this terrorism stuff i think is kind of embarrassing for most of the media the way the f.b.i. has official word on whatever is just taken as the truth but the obvious truth to

some is what's not addressed at all when it comes to national security and terrorism it just sort of stops all conversation it's chilling conversation you immediately assume i want to be protected the f.b.i. will protect me and and therefore whatever it says is true when often it isn't the case dubbed the christmas tree plot or is far from the first to bring to light the practice of entrapment in the u.s. convincing pursuing and tricking. the eventually accused has become systematic according to some and they can come after you and they can manufacture crimes against you and they can make up a whole case and put you through the whole thing and eventually if they can persuade a jury that this manufactured case is valid you can go to jail for a very long time and with the case being built against muhammad not just by officials but by the media too what if a catastrophic event at this christmas tree lighting the destiny of the u.s. citizen turned water with a little help from the f.b.i.

seems clear to the problem is that you know in court cases people juries believe the f.b.i. they are the f.b.i. they've been you know we've been indoctrinated to believe that the f.b.i. can do no wrong of course there are many many cases where the f.b.i. has done a lot of wrong the rule of law enforcement is to catch the bad guys so that the good guys feel see for good when criminals are not just caught by officials but also created the ideal national security becomes just as made up as the means of reaching. this issue going to. we're not going to start right here on our team but stay with us the latest from the world of business your way. for the full story we've got it for. the biggest issues get a human voice face to face with the news makers.

in some petersburg she's available in hotels a story an. ambassador. hotel. hotel patris boat hotel. and see if. you visit. we'll. bring you the latest in science and technology from around.

the future. hello time to get the latest from the world of business russia may postpone its first sale of the euro crisis has ruble bonds to tumble as investors avoid ass as they consider risky russia's also suffering slow economic growth and high inflation then other bric countries the sale of three billion dollars of ruble denominated bones could be delayed until twenty eleven. of the government may cut spending for twenty ten by around fifteen billion dollars to stabilize the budget deficit economic development minister says but the drop the spend in spending bill burton vestment spend funds will be held in the reserve fund to question any drop in oil prices. and to talk about these and other issues i'm joined by our global economist at h.s.b.c.

bank london ms sol thank you very much for joining us so the question market is currently undervalued compared to other bric countries why are we not seeing a significant capital inflow. thank you for having me on your show yes it is it is undervalued i guess as you've already mentioned just a just a few minutes seconds ago but of the problem was really that the growth outlook for russia is a little bit softer than for for some of the other emerging market countries this was relating to supply side sharks emanating from the drought and also there were fears that because of the inflationary pressures you would have seen monetary tightening going forward to there were these two factors that did come to play also you have to remember that russia is really a cyclical player in the world growth and you know there was expectations that global growth is going to be sluggish and so oil prices in particular will remain subdued i would not rise as whether these two factors have hurt russian growth expectations but that should change going forward. what's your view what should be

done to make more attractive to investors compared to other breaks. i think a lot is being done already and of course there. is just the membership that might go through which will really help boost russia's track to also over the longer term you know efforts are being made to build up on the infrastructure economic and legal infrastructure in the country also the efforts are being made to improve education and other such you know social economic indicators i think all of these factors together will add to the attractiveness of russia as we go along and indeed of course as the as the world trade recovers as you have stronger commodity prices coming through in particular or oil you will see the attractiveness of companies to rise. to seeing their margin markets will remain in favor given the euro crisis and the u.s. printing of money. or definitely yes i think there is as you said

a lot of money around the system right now there is a lot of liquidity and that liquidity is looking for yield and that needed is really available in emerging markets not just the yield but also you the structural story in emerging markets a lot is a lot more attractive than it is indeed markets we're expecting growth about the six percent over the next two years in emerging markets whereas the growth in developed markets is a lot slower around two percent or thereabouts so overall the pictures what is a lot more attractive for emerging markets and that story should sustain over the coming periods. of mobile economist at h.s.b.c. bank in london thank you very much for your analysis. we move on and russia will the australian dollar to international its international reserves they had all the country's central bank says this may happen within half a year dollars and your constituents more than forty percent of russia's reserves along with british pounds and japanese yen central bank has already invested in

a small amount of canadian dollars the reserves concerts consist of foreign currency gold and other assets. russia and the european union will sign a document on russia's accession to the world trade organization on december seventh in brussels that's according to deputy prime minister alex on the shock of in november russia signed an agreement which included timber along with pricing formulas for the goods and services russia which has been negotiating its entry into w t o for seventeen years hopes to become a member next year. and a quick look at the markets u.s. stocks jumped into december the strong gains as robust u.s. jobs take us and benefactress data from china and the u.k. helped investors look the cost best arkansas' in the euro. and european markets on the rise following a strong sessions most asian markets with banking and insurance rebounding from recent clients the footsie is up about two percent led by gains of around five

percent from world bank of scotland and lloyds banking group the german dax is up two point three percent with deutsche bank up to seven. hundred russian the why is that some of the r.t.s. up both up on the day most group chips a high of with gas from a look well both up over two percent in the my six. royal dutch shell and gas from plan to expend that papa she bound to explore lynn west in siberia and russia east along with just four ships in europe companies have not for revealed their specific plans they still work together on russia somehow an island off to moscow for shell to cede control of the project in two thousand and seven an unfavorable terms shell has twenty seven and a half percent stake in the second in courtship while downs from as fifty percent plus one share. government heights well let's hold you to this month by four and a half percent to over three hundred three dollars

a tonne usually on oil produced in east siberia will reach one hundred eight dollars per ton from the current one to eight point eight dollars per ton. ok that's all we have time for now but you can always get more stories from our website r.t. dot com slash business. for

six months russian capital was in a state of siege days and nights people lived in fear of occupation and were preparing for the desperate defense intense battles took a heavy toll among. them the summit army switched to the offensive but was the first sunni or defeat of the where most of the. battle for moscow monarchy. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers. in india ulti is available in the movie joyce b. hotels the elevators the gateway to the grand imperial should the top western coast corum.