wealthy british style. free. market. can 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. debt

crisis and a fresh round of bailouts in europe cost a shadow over the future of the eurozone forcing a rethinking nations who have been desperate to join up. and the final day of the international economic forum here in st petersburg is well under way join me and he said now wait for more details in just a moment. the e.u. plans a third set of tougher sanctions against syria some experts warn it could pave the way for libya style intervention. a bleak future for chinese college graduates an increase in university leavers forces millions without jobs and to live with the tribes.

international news and comment from moscow this is r.t. the top story that greece is a new financed. minister is getting down to work by describing his job as a real war he needs to convince angry greeks to face fresh austerity cuts to secure more bailouts of billions from europe but for countries like turkey who have been trying to become part of the e.u. for years the financial woes are slowly weakening their resolve to join up as artist tom barton reports. if you talked about turkey in the e.u. ten years ago turkey's hopes of joining would have been inseparable from joining the euro not anymore turkey's attitude in short can be summed up very simply. part of the you're right now took on the streets seem to have

a wide range of opinions on the euro but their countries doorstep europe's economy is worse now turkey says improving turkey is improving in all fields but europe is going backwards say we don't need them. to fish people are using the euro as an investment to earn money here is a more reliable and turkish money people don't want to save their money in the euro . few invest in euros you get more than euros also stronger than dollars having said that i don't want to risk investing. but academics analyzing public opinion have found a common logic in decisions about the euro people polled don't care about wider economics but about their own personal finances so much economy is actually. important factors that make euro skeptic or euro file the public opinion analysts a keen to point out that further economic integration into europe doesn't just mean money and that people shouldn't only think about their pocketbook economics they

have to take into account the freedom of movement of labor the freedom of service you know service these are all integrated any other so it's not only change of money or turks living. thing. one thing everyone does agree on is the mess the eurozone is in whereas turkey's economy grew nine percent last year and over ten percent in the first quarter of this year europe especially southern europe has come to the point of catastrophe because of excessive borrowing greece has so far been the worst hit it sound others economic disasters have meant appeals for bailouts this makes it difficult for national governments to. personally pouring more money into the coffers of irresponsible or inefficient members within creasing tension in need you or economic mismanagement some forsee

big problems ahead because army corp. based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain an independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe what once seemed like a good idea but with all the riches here and not in europe no longer seems like such a profitable move tom barton r.t. istanbul turkey. where the euro zone's debt burden shows little sign of abating e.u. members that decided to stick to their own national currencies are breathing a sigh of relief as if you know yourself enough a editor of a german newspaper did zite. european nations not the your. there's the right thing. there's no way we can avoid

a default it will have to be done. with the european community everybody together if the greeks leave. that is like you know it's stronger mind. read your way into the system but if you want to be cool the economic you know. the things like an economist i think is true suppressed solution because. once you know your drivel you are once you once your value you can retain your competitiveness of the international market does that after all it was the example of argentina which broke out of the monetary union with the u.s. dollar as the be. one of a coming the crisis in the usa will be discussed in some pieces but as international format does its last day presidents dmitri medvedev is there and the

spanish prime minister and the finnish president let's get some more life and knowing who's there and the stock it's going to be an easy sell today that you know what's in store. busy indeed wants to sessions planned for this final day as well as high level bilateral meetings. and the sessions go from internet privacy to global food security from really such a wide range of issues being covered to what is called an economic forum but it really is global forum when you when you get down to a look at the real issues being discussed how the most high level meeting today will be of course the final session there the panel consists of president medvedev along with his counterparts the president of kazakhstan and the spanish and finnish leaders and they are the focus is going to be managing fault lines and. future crises of course a lot of talk these days about the euro crisis and the main challenge there is how to not let the euro crisis hamper trade between the e.u.

and countries like russia and kazakhstan they're also going to be speaking about the difference between the way emerging markets like the brics countries and then the u.s. and the eurozone how about looking at the global market and the financial systems very different views on that and how then in the future do we deal with the global economy so that's some of the questions that we'll be looking at in that section but i want to point out that in some of the other sessions which may seem less high level there's no less important discussions taking place i was that a session about sport of course russia is hosting three of the world's biggest sporting events within the next decade that of course is unprecedented a lot of challenges there so that's important result was that on the situation in the caucuses and how to investment potential there so a lot of different issues being covered here in st petersburg on this final day. they said no way to report to learn from south africa for them. plenty more in our

business bulletin and about fifteen minutes time on that and they did today a special edition of our tease on the money with the valid talks to people that sent petersburg or about what lies ahead for business in russia. at least sixteen more people have been killed in syria as well as protests that continue the e.u. is planning a third round of sanctions against the regime of president assad of its deadly crackdown on demonstrations the antiwar activist brownback says the sanctions are the the first step towards a wider intervention. the. new sanctions the third wave of sanctions there incrementally ask a lady in the u.s. and western european intervention into syria i think that we're going down the road as we libya where one step leads to another step there climbing the school. they have a very sort of selective concern for the lives of protestors and democracy movements or movements that call themselves democracy movements you take their their their

condoning the crackdown on peaceful protesters i think what's really happening is that syria syria has been targeted by the united states and also in principally by by france and the u.k. for regime change and i think they see this growing protest movement and the possible slippage of the country in the direction of civil war as an opportunity to overthrow what has been considered to be an independent government in syria. middle east expert and blogger told r.t. that america's policies in the region have shown its priority to be geopolitical interests rather than the interests of the public. all the talk of exporting democracy and all that sort of preaching the rest of the world i find is highly inconsistent and it's hypocritical and in the case of syria in particular i think the u.s. is caught between wanting to be active but at same time mortified by what the

alternative would be in syria which in my view is completely unjustified it's not necessarily going to turn into a fundamentalist islamic state or anything like that what we are seeing there are real inspiration for freedom and democracy and. why. if you like play the more consistent role in foreign policy hasn't done. also any sort of intervention there we're doing now which is based purely on this desire for stability is bound to be counterproductive. but amid fears of a looming u.s. military intervention in syria marty has been asking people. what they think about america's ongoing notes. you know there was an arab spring maybe america will have its own spring summer a wide range of opinions in the resident which is coming your way there to sound also ahead. this russian orthodox church had wandered far from it oh my i'm.

coming up on. the world mode right now what about. china's double digit growth rates during the financial crisis has been the envy of the world and yet many chinese are still not of reaping the rewards of the economic boom i think it's the billions of graduates entering the workforce each year and they're becoming part of a phenomenon called tribes and explains. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave their poor rural backgrounds behind in search of the chinese economic miracle and one of the largest groups of people currently moving into china's cities are university graduates like those from this campus in downtown beijing however many are arriving to find their degrees of furtively worthless and that the streets are paved with anything but

gold these graduates often end up living in the most basic and squalid of conditions and forced to do menial jobs sociologists have dubbed them the ant tribes and there are thought to be more than one hundred thousand living in beijing alone in june chine is one such ant he shares a twenty square meter room with five other graduates in a former workers dormitory in the north of beijing washing and toilet facilities are shared and there is nowhere for them to cook but it's not just the ants that are suffering or forcing my parents and sister went through a lot of hardship to save the money that me through university which i studied hard and did part time jobs to support myself you know though all i can find is unskilled part time work so i really feel like i'm letting them in dying. part of the problem is that there are simply too many university graduates now entering the system in one thousand nine hundred eighty two when the government began to

seriously look at expanding higher education chinese universities were producing eight hundred thirty thousand graduates a year in two thousand and ten but number was six million and it's still growing. on the one hand chinese universities were already in a weak state we made them weaker with an over rapid expansion so the education received by many of today's graduates has been very poor it's really on the other we have a whole generation who are used to having everything going for them you cannot do it think for themselves he's going to give people like this work. with reports of rioting taking place in some tribal areas the government is now looking to take action measures being discussed include limiting residents permits to skilled professionals and introducing electronic id cards for outsiders without a stable job however with the number of graduates entering the workforce set to continue rising there seems little hope in sight for china's and tribes and remorse

and r.t. beijing. well as more on that story and all the news we're covering always available that r.t. dot com so long pinion and usual video clips this one forgettable way to celebrate investor graduation to play for russian students the suit is soft when you put your textbooks inside the base and. committed to try this at home. and disneyland for adults the world's largest museum and rotted art opened its doors in moscow it's open twenty four seven with details of art and dock. fifty. five. u.s. involvement in nato campaign in libya has just one day left before a ninety day limit on military action without congress' approval runs out well

makers are demanding president obama complies with the constitution so he's roving reporter the resident in the streets of new york to find out what people there think of the growing u.s. military presence around the world. we're number one in the world that we can you show the world we can still do it even the. best we can we can do it why is that so important to be number one has to be to be one number one better be as we think about. the americans as being some kind of. world police you know you think about your ethic yes you don't think there's any altieri motive. no oil interest no economic interest no i don't know what do we want to accomplish that. just the safety of the people to which the money and the lives of the young people you know did you think

there's maybe another reason that we're doing it and one reason only zero or whatever the reason i don't think it's logical i don't think it makes any sense but i think there's a big disconnect between what people in government are thinking and what they think we want and what we're letting them know that we once. had maybe our priorities just aren't the same so you have all these countries in the middle east where the people are standing up against their government why aren't people in the u.s. standing up against their government saying hey bring our troops home i'd like to think that one day that will happen you know there was an arab spring maybe that america will have its own spring no matter how you feel about the imperialism of the united states the bottom line and let's face it it's not going to stop anytime soon. that's all the news from around the well this hour south korean soldiers have died of a passenger jet off the mistaking it for both crew and military plane it's reported they show asiana airlines plane which is one hundred passengers on board the

aircraft was damaged though it's the latest incident highlighting on getting tension on the border between the two koreas. libya's prime minister says his government has. talks with the rebels something they say he also accused nato of escalating violence in the country and made fresh air raids we saw reports of explosions in tripoli as a colonel gadhafi supporters have stalled right in the capital believed to be one of the biggest since the military operation began. attempts to decontaminate water at japan's fukushima nuclear plant have been stopped after radiation levels sort of above say two minutes it's fear the water inside the earthquake and tsunami ravaged city could spread further radiation to the surrounding environment and the last few hours alone the fukushima region has been hit by two strong tremors. now we continue our journey to the coldest continent on earth antarctica and imagine

that dealing with a fierce climate that leaves little time for religion nazis discovered that isn't the case during a visit to the southernmost russian orthodox church on the planet. perched atop a picturesque a rocky hill overlooking the sea so it's a typical empty tiny russian orthodox church so this scene looks like it could be taken right out of a siberian picture book think again. the word this is important so far this is the only antarctic station that has a russian orthodox church. the trinity church is the southernmost russian orthodox church on the planet and getting it here was not an easy operation duties though in two thousand and two they built the temple from the cedar tree and the church was built and it sat there for a while until the end of two thousand and three they numbered all the parts every beam was disassembled and they transported it to kaliningrad from there it was shipped all the way here to antarctica since feb fifteenth two thousand and four

the church has been officially up and running with the orthodox church providing a staff of two specially trained monks each year but given the extreme climate in which they operate let's face it stream challenges as well. because the conditions in antarctica are unusual with strong winds we need to hold back the power of the wind with such strong tight walls and special chang's sometimes the rain here comes out as horizontally with the wind so that the water is not is coming through the cracks but also it can climb up to leak inside. now trinity church has become a sort of antarctica landmark even becoming somewhat of a tourist destination for v.i.p.'s and diplomats. no matter who visits this church they always say it's beautiful it's a remarkable church made out of wood in a russian architectural tradition. more than just a popular tourist destination the building station on king george island is a russian orthodox church and it's

a fully functioning facility even performing rare matrimonial honors for those. i came here for a long stay sixteen months and i had no idea that there was a church in russia i was not a frequent visitor to church but here somehow i started to be before i left russia i promise atlanta that i'll bring her here i was not sure how but i promised that i would whilst atlanta was still in russia i got the idea why not have our wedding in this church. one of only two couples to have get married here trinity making their marriage a part of antarctic history. it's a very good feeling but in reality you don't think that you belong to some exclusive circle because for me at least the most important thing is the marriage itself and the location is secondary but i like this church very much it is very comfortable and you feel very special here the russian tradition in antarctica goes

back to the very discovery of the time and according to the russian orthodoxy it is only fitting that there is an official testament to that history. so this church just by its presence speaks volumes for every person not just rushed. to foreigners the presence of the chukchi means a googly presence in antarctica. a presence that they hope will last for generations to come in antarctica sean thomas. with out the back with headlines about ten minutes to the first we go back to st petersburg and much the latest from the economic forum. that's right we're kicking off day three of the st petersburg international economic forum day two was marked by the landmark address from russian president dmitri medvedev talking about innovation and modernization in the russian economy

he said that integration with the global economy is definitely a priority for russia and that luring new investors in business is something that is going to help open up and modernize the russian economy there is a going to be a major move toward a free market economy he said in russia and away from the state capitalism which tends to stifle innovation rather he said the role of government should be to help foster and stimulate business in russia something he intends to implement in the country also help cut down on state regulation and cut down on corruption two things he says that are going to make concrete steps towards improving the business environment in the country and improving the perception of russia as a good place to do business we also heard major addresses from a google c.e.o. eric schmidt from bristol nano chief anatoli should buy and from russian telecom minister igor shake a lot of so there was a lot going on yesterday and even more to come today also

a running theme throughout the conference is the importance of the creation of a ten billion dollar state backed private equity fund in order to help lower business and innovation in russia and a thirty billion dollar asset sale program of the government. help in order to help privatized russian owned business and property and use that in order to help spur the russian economy on now we talk with a lot of people yesterday going to talk even more people today among the people you spoke with was stuart irvine c.e.o. of nestle russia he had some sweet news to share with r.t. saying they have the latest plans in the country and how much money they are injecting into the russian economy. we're investing still strongly in media and the new innovations we should bring to the market was good luck coming in the second half of the shooting of. the rules when they're still in the infrastructure in russia so we've just completed an investment into machine which we've now got because the factory the seven billion rubles we've just put in. the total

investment into mission is to ten billion rubles and this year we're also building a new factory as well this year alone will be looking at i you know health billion rubles or investments we're going to continue to do those kinds of things. now also we spoke with victor dimitri of chairman of the e.p. who said that. the country's new direct investment fund is something that should help it has definitely helped spur business and innovation in russia. their fear this is a great extent exaggerated. but the main problem is. understanding the leg of information one of the main issues for them. country is huge territorial wiese enormous potential of growth they should be guided that's the main reason for the fund to be set up to push the reset and responsibilities and to guide them in

regions in certain industries in particular projects. and from a government perspective moscow deputy bear andre sharon of says that it is important that government have a role in helping create a good environment. for business in russia. it's quite complicated tasks. which could be implemented only by many disciplines federal authorities most go authorities and professional community almost each. cd a program is devoted at least partly to ideas so for international financial center in the city transportation hospitality education medical aid any any on that aspect. and that's the latest so far from russia's northern capital but stick with us throughout the day here on r t for all the latest from the st petersburg

international economic forum. to a substantial degree and one form or another socialism has spread the shadow of human regimentation over most of the nations of the earth and the shadow is encroaching

upon the prince. of the early twenty first century military bases the network of military bases all around the former sleepy empire that the united states is trying to build that's astonishing most americans have no idea there are more than a quarter of a million more than two hundred fifty thousand u.s. troops stationed on these bases all around. we don't have foreign bases in america we don't have any british base we don't have any korean base we don't have any french bases or you know we just all american bases in our bases of there are the noises our norms are those bomb the us at all because they're all bases but for other people it's almost like a cancer here for these people. since the end of world war two the spaces i've been . working here to

provide a safe and secure environment for everybody. the .