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debt crisis and a fresh round of bailout see europe casts a shadow over the future of the eurozone forcing a rethink in nations who had been desperate to join up. the final day of the international economic forum here is well underway joining me now i want to tell. you plans of tougher sanctions against syria some experts warn it could pave the way for a libya style intervention. and bleak future for chinese college graduates as an increase in university leavers forces millions without jobs into night for the tribes.

keeping you updated on world news twenty four hours a day this is r.t. greece is a new finance 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 bailout 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 there is off to join up as artie's 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 euro right now took on the street seem to have a wide range of opinions on the euro but their country's doorstep europe's economy

is worse now turkey says improving turkey is improving in all fields but europe is going backwards so 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 mining people don't want to save their money in the euro. a 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. economy is actually beyond the 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 exchange of money or turks living. 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 defend. constantly pouring more money into the coffers of irresponsible or inefficient members within creasing tension in the you are economic mismanagement some for c. big problems ahead economy corporation. based on

a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one 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 well as the euro zone's debt burden shows little sign of abating you members that decided to stick to their own national currencies are breathing a sigh of relief as if you have yourself your thing editor of german newspaper. those european nations that are not there your be much stronger. because there's the right thing. to your there's no way we can avoid a default it will have to be done. with by the european community everybody

together if the greeks leave. that is like you know a lot stronger mind. read your weight into this is certain but if you want to be truly cool the economic you know. things like an economist i think us trust the best solution because. once you know you drill you and once you can underwrite once your value you can retain your competitiveness on the international market this after all it was the example of argentina which broke out of the monetary union with the u.s. dollar and the beauty. they have a coming the crisis in the usa will be discussed in st petersburg as the international economic forum and since its last day present benefits there and will meet the spanish prime minister and the finnish president and he said no way has.

lots of sessions planned for this final day as well as high level by lateral meetings. 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 a global forum when you when you get down to it look at the real issues being discussed the most high level meeting today will be of course the final session there the panel consists of president meant to do along with his counterparts the presidents of conflicts and the spanish and finnish leaders and they are the focus is going to be managing fault lines and avoiding 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 fry says temper trade between the e.u. and countries like russia and kazakhstan and how they're also going to be speaking about the difference between the way emerging markets like the brics countries in the u.s. and the eurozone have of 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 session 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 there's also a session on the situation in the fall season how to a lock investment potential there so a lot of different issues being covered here in st petersburg on this final day they said well that. business but it's in the bout fifteen minutes time well so today a special edition of all a tease on the money in the ballot talks to people for about what lies ahead for business in russia that's coming your way in just about twenty minutes. at least sixteen more people have been killed in syria protests. the e.u.

is planning a third round of sanctions against the regime of president assad over its deadly crackdown on demonstrations but antiwar activist becker says the sanctions are only the first step towards a wider intervention. the if it adopts these 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 when libya where one step leads to another step there climbing the escalation ladder they have a very sort of selective concern for the lives of protesters and democracy movements or movements that call themselves democracy movements take bahrain their own in 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. france and the u.k. for regime change and i think they see this growing protest movement in the

possible slippage of the country in the direction of civil war as an opportunity to overthrow what has been considered to be independent government in syria the middle east expert and blogger told r.t. that america's policies in the region have shown its priority to be do political 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 and 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 really for freedom and democracy and. why. it could have been

if you like played a more consistent role in foreign policy hasn't done. also any sort of intervention there. which is based purely on this desire for stability is to be kinder counterproductive. amid fears of a looming u.s. military intervention in syria has been asking people misuse of what they think their ongoing. you know there was an arab spring maybe that america will have its own spring. see a wide range of opinions in the resident which is coming your way later this hour also ahead of. this russian orthodox church have wandered far from it. and coming up on our q we explore the world rather than the russian orthodox church or. china is a double digit growth rate during the financial crisis has been the envy of the world and yet many chinese are still not reaping the rewards of the economic boom i

think it was the millions of graduates entering the workforce each year they are becoming part of a phenomenon called and tribes anymore to expats. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave the pool rule backgrounds behind in search of the chinese economic miracle and one of the largest groups of people currently moving into china cities are university graduates like those from this campus in downtown beijing however many are arriving to find their degrees of virtually worthless and 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 tribes and there are thought to be more than one hundred thousand living in beijing alone in june chin

is. one such and 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 put me through university 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 die on. 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. at that on the one hand chinese universities are already in

a weak state we need them weaker with an over rapid expansion so the education received by many of today's graduates has been very poor on the other we have a whole generation who are used to having everything done for them you cannot do anything for themselves he's going to give people like this work. with reports of rioting taking place in some tribal areas that 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. so where is he more if you are on that story and all the news we're covering available you've got so far logs of opinion and you tube video clips like this one forgettable way to celebrate university graduation that tip from russian

students the seat is soft when you put your textbooks inside the base to try this at. disneyland for adults the world's largest museum of god so. it's open twenty four seven all the details of. u.s. involvement in the campaign in libya has just one day left before a ninety day limit on military action without congress' approval runs out lawmakers are demanding president obama complies with the constitution so he's writing reporter the resident hit 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 are we going to show the world what we can still do it. best we can we can still do it why is that so important to be number one has to be to be one number one better be. the americans that is being. policed you know you think about. yes you don't think there's any all teary emotive . no oil interest no economic no i don't know what do we want to accomplish that. just the safety of the waste of money and the lives of young people. do you think there's maybe another reason that we're doing it one reason only. i don't think it's logical i don't think it makes any sense great thing 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 are people in the u.s. standing up against their government thank you hey bring our troops home i'd like to think that one day that will happen you know there was an arab spring maybe 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 anytime there . are some other news from around the world for you this hour south korean soldiers have fired at a passenger jet after mistaking it for a north korean military plane and supported a shot at an asiana airlines plane which had one hundred passengers on board the aircraft was undamaged and it's the latest incident highlighting the ongoing tension on the border between the two koreas. attempts to decontaminate water at japan's fukushima nuclear plant have been halted after radiation levels soared

above safety limits it's for the water inside the earthquake and tsunami damage facility could spread further radiation to the surrounding environment meanwhile an international atomic agency reporters criticize japan for failing to implement essential safety principles of the disaster. libya's prime minister says his government has held talks with the rebels something they. also accuse nato of escalating violence in the country i mean fresh air raids it's a five explosions in tripoli thousands of code gadhafi supporters have staged a rally in the capital believed to be one since the neutral position began. we. continue our journey to the coldest continent on earth antarctica you imagine that dealing with the fierce climate of the little time religion but artie's sean thomas discovered that isn't the case during a visit to the planet's southernmost russian orthodox church. perched atop

a picture ask a rocky hill overlooking the sea so it's a typical end of tiny russian orthodox church though this scene looks like it could be taken right out of a siberian picture book think again. this is important so far this is the only antarctic station that has a russian orthodox church. in fact the trinity church is the southernmost russian orthodox church on the planet and getting it here was not an easy operation. in two thousand and two they built the temple from the cedar tree in altai 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 february 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 they face extreme challenges as well. because the conditions in

antarctica are unusual with strong winds we need to hold back the power of the wind with strong tight walls and special chang's sometimes the rain here comes out as horizontally with the wind blowing so that the water is not just coming through the cracks but also it can climb up which to leak inside. now trinity church has become a sort of and arctic a 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 gem of the russian orthodox church and it's a fully functioning facility even performing rare matrimonial honors for those. of michelle lunde. 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. are one of only two couples to have been married here at trinity making very 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 delegation is secondary but i like this church very much it is very comfortable and you feel very special here the russian tradition in the entire ticket goes back to the very discovery of the tongue and according to the russian orthodoxy it is only fitting that there is an official testament to that history. this church just by its presence speaks volumes for every person not just russian

but even for foreigners the presence of a church a means a ghostly presence in antarctica. a presence that they hope will last for generations to come in antarctica sean thomas to. the back to make up our headlines in a few minutes it's time for the business news and coverage of the senate petersburg economic forum in the trash. that's right in a city where the sun isn't setting this is the our business coverage from the st petersburg international economic forum day three the final day of the four i mean here it's all going to be wrapped up by president dmitry medvedev giving a speech at the end of the meeting and of course is going to be meeting on the sidelines with some other. heads of state including president definit finland holland and the spanish prime minister jose rodriguez zapatero also in attendance

today i.o.c. president jacques rogge he was going to be taking part in a discussion on the north caucasus and there are expected to be the signing of several important deals between russian and foreign companies here of course spring growth and innovation in russia a recurring theme throughout this conference and so that's something that's expected for a lots of chances to put pen to paper on some important deals here at the forum panels today there are many and these some of the highlights include integrated cooperation in the defense industry sustainability of the asian economic engine and renewable energy also along with the themes of modernization going on here at the conference and of course there's the keynote have a lot is going to be wrapping all of it up talking about voiding future crises and that panel is going to be including president medvedev of president hollande and

prime minister zapatero and the president of kazakhstan there salt on this hour by now we've talked with many people throughout the day and we're going to be speaking with many more here in lots of different perspectives from all the v.i.p.'s leaders in business and in government here at the forum. we spoke with the finance minister russian finance minister alexei kruger and who gave us his projections about well before that he talked about a meeting with president medvedev where he was focusing on turning moscow into an international financial hub and the finance minister gave his perspective about the projections of future growth in the global economy. chip with money printing large budget deficits all this has so far sustain the markets but it will be over one day well group that isn't very stable or significant we've heard that there could be some slowed. growth both in u.s. and e.u. as well as in china as the market's been

a bit overheated showing up in its government to set the goal of constraining group somewhat this means that we wouldn't see any kind of global boom you shoot them. now it also mentioned a lot of the deals that had been signed here at the conference at the off forum and there's a lot of work that needs to be done and there's a lot of partnerships that are being formed one recent partnership according to the c.e.o. of the and group. is a partnership that they signed with the chinese ex-im bank to develop eastern siberia something he says is going to spur a lot of growth in that part of the country. college an irishman called iron ore mining and we saw a place project is a prime isaiah all for sun and sounds like that's the we'll be produced in those projects into china we see our agreements up to five billion dollars project finance is only a beginning eventually you'll have a little need to invest between twenty to twenty five billion dollars so next fifteen to twenty years to develop the infrastructure in that region to allow the

development of the trojan to reach the same the same develop in stone this is one can see in similar fossils world such as canada. and in more news on deals that are being signed the international finance group created it was going to create a joint fund with the russian government in order to help banking here is something that should also help spur on growth according to the international finance group c.e.o. lars tunnel. our partners this rushing up and putting up fifty million dollars it's the the who is putting out two hundred fifty and i see a ton of people here that we hope that will get investors from outside of russia in the end is to provide better services to the client some of these banks and that means that you need to have the fear. banks in the good transparent banks and you need to have banks all around the country and also in the regions that are really

on the surface today we know that that that the private banks here lots of them are not very strong at the same time the government is raising the capital requirements on them so they need to the strength. that probably be a positive they should. and that's the view for an hour from st petersburg stay with us throughout the day here on our t.v. business for a very very where we'll be bringing you much more about all the deals that are being cited more perspectives from the newsmakers here at the st petersburg international economic for.

seventy six hours of intense fighting. six thousand dead at a beach front battlefield several kilometers long. and now there is only one person who cares. you see we are surrounded by garbage everywhere but also there are. on this beach which of course is a very most appropriate city signification a symbol of everything that's wrong with our goddamn government allowing not only garbage but to accumulate where so many guys died. a new battle is going on. will the history be protected. return

to terra what julian cooper story on our t.v. . white stream cascading from mountain slopes the view is miss morosely. but this beauty brings deaths at a speed of more than four hundred kilometers from. stepping down of a launch. of a failed state this is not approach ishan would warm up. before it and you should just step over it is sure to support your trieste because they have no idea about the hardships to face. one it's the says it is all of them two minutes and for any army the life of abuse the other is the most precious thing in the world.