the economy is worse now turkey's is improving turkey is improving in all fields but europe is going backwards so we don't need them. people are using the euro is an investment to earn money here is a more reliable and turkish money because 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 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 you know exchange of money or turks the turkish new 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 send others economic disasters have meant appeals for bailouts this makes it difficult for national governments to defend. personally pouring more money into the coffers of irresponsible or inefficient members within creasing tension in the 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 one seems like a good idea but with all the riches here not in europe you no longer seems like such a profitable move tom barton r.t. istanbul turkey. while the e.u. struggles to pull its members out of a destructive default birol the countries which are stuck to their own currencies are breathing a sigh of relief and that's a view from germany which has always been the chief proponent of the euro. those european nations that are not the your will no be much firmer much more. to the right thing whether they join me or there's no way we can avoid a default it will have to be done orderly fashion that is what is it and by the

european community everybody together if the greeks leave. that is like you know it's wrong their minor. league of weight into the system but if you want to be completely economic you know. it seems like an economist i think is trying to suppress solution because. once you know you have a devalue and once you can do that once you develop you you can retain your competitiveness on the international market does that after all it was the example of argentina average broke out of the monetary union with the us dollar and the beauty of the us that could and in a few minutes the highly qualified people destined for a low quality life. china's boom produces more university graduates than it can cope with churning out thousands of virtually worthless degrees every year.

in st petersburg leading business and political figures have been thrashing out how best to avoid another fatal economic meltdown the last session of economic forum staking place in the city which has also been getting major firms to take a fresh look at investing in russia and he said he has been there for us. of course the main topic at a session on global financing with european officials there is going to be the euro crisis a lot has to be aside from the two officials finland's presidents face prime minister both stated that it's not a euro crisis that the separate countries in the eurozone are having crises and they kind of outlined that the talk about the euro crisis for the currency being weak is really as they see it the currency is very strong back could of course be debated from the president of kazakhstan and president medvedev we heard a little less optimistic things about the euro saying that it could be expected

that when so many different states get together and share one currency that eventually they're going to run into problems overall it has to be said at the session went pretty optimistically president medvedev pointing out that the economy is a lot like the weather here in st petersburg one day but on the first day of the form you have beautiful sunshine and on the next day you have rain and that's how it really acts for us and these officials are looking at the economy and optimistic that eventually they will somehow get out of that the main challenge though that you are of the european union i should say and russia and countries like calls accent are facing is not to allow the euro crisis to affect their trade and that's really what was the focus at this final session it has to be said as well though that the final question actually from the moderator wasn't in fact about money it was the question that was really on everyone's mind and would it come up before the end of the forum and that of course is whether or not president medvedev is going to run for reelection here is what. we should. but when i consider it

appropriate to tell you whether i will do it or not i will come out and say yes this forum is not the best place for that one thing you can be sure of is that i would be able to avoid making that statement i will have to tell the people of russia and anyone else who's interested about my decision so secret that president medvedev may want for him as president and if you're wrong. reelection will certainly be modernization that's what he opened this forum with and this is the best place to really work in detail on projects like school about what's the plan to build someone like because silicone valley institute just outside moscow it's well under way in terms of development a lot of c.e.o.'s and figures here for the three day summit in st petersburg from silicon valley we had eric schmidt from google and they're actually meeting with all of the officials from the scope of my work you signed by side with them to make sure that this project moves and develops the sickly as possible so it's

a great venue for the movers and shakers as we call them to really get together with these officials and in a very informal matter proves that the way they think that it should be done. and he's now reporting there from st petersburg and more from saying that his birth for him in our a business bulletin at about fifteen minutes time but later today a special edition of our tease on the money where peter lavelle talks to people at the forum about what lies ahead for business in russia. and on the way here in our team how to get a facelift in the frost. this russian orthodox church has wandered far from its home on sean thomas in the go and coming up on r t we explore the world's southern most russian orthodox church. played a show of defiance against syria's president assad has seen at least another sixteen people killed as thousands of people protested in major cities urging him to go that you is lining up a third round of sanctions against syria's

a comic and imposing them on companies meanwhile the united states has discussed an action in the region with russia moscow has condemn the violence calling on both sides to engage in talks and says it will not support any u.n. resolution that may result in intervention but anti-war activists brian becker says that sanctions are only the first step towards a wider action. the if it adopts these new sanctions the third wave of sanctions they're incrementally escalating 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 they're climbing the escalation letter they have a very sort of selective concern for the lives of protesters and democracy movements or movements that call themselves democracy movements you take a reign there they're there 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 principle a 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 the middle east watchers have been telling our team that the u.s. may talk of public protection concerns but actually has its eyes on a different prize. 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. could have been if you like played a more consistent role in foreign policy hasn't done. also any sort of intervention there were doing which is based purely on this desire for stability is bound to be counterproductive. still to come as barack obama gets sued for going into libya without asking congress we asked people in new york whether the war is worth it. a waste of money the lives of the young people you know did you think there's maybe another reason that we're doing it one reason only oil well reason this and other takes on america's military motivations as gathered by the residents if you met. well many many have and we asli watched china's surging growth but it has proven to be flawed in at least one area

a rapid expansion of universities means cities are now a wash of former students on employment or forced into media jobs henry morton reports on the rise of china's graduate ghettos. 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 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 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 tribes and there are thought to be more than one hundred thousand living in beijing alone in june chine 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. my parents and sister went through a lot of hardship to save the money of me through university i studied hard and did part time jobs to support myself you know the all i can find is unskilled part time work so i really feel like i'm letting them in. 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 that were producing eight hundred thirty thousand graduates a year in two thousand and ten but number was six million and it's still growing but. 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 on the other we have a whole generation who are used to having everything going 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 the government is now looking to take action measures being discussed include limiting residence 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 own tribes and remorse and r.t. beijing you missed something on air we can always watch it there are two dot com we've got loads lined out to bring you their core and by dint of our four year old boy who wins a lawsuit against a circus for not putting on a shell a promise. an american porn tycoon says there's always room for winner

and mason operative a sexting scandal politician. if . if. american lawmakers are suing barack obama for violating the constitution by going too far in libya they say he's breached the time limit for mobilizing the military abroad without asking permission from congress roving reporter the resident took to new york sidewalks to hear what people here think of sending more troops into more countries problems. we're number one in the world that we can us the house to show the world we can still do it even though you're going to be the best we can have we can still do it

why is that so important to be number one has to be he has to be one of the one better be as we think about. the americans as being some kind of the world police you know you think about touristic yes you don't think there's any altieri motive no none at all no oil interests no economic interests no 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 this is maybe another reason that we're doing it of course 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 don't think

that one day that will happen you know there was an arab spring maybe the america will have its own spring no matter how you feel about the imperialism of the united states the bottom line is let's face it it's not going to stop anytime soon. a so-called laboratory of death has been destroyed in a special operation in russia's north caucasus republic of darkest. around a dozen powerful homemade bombs were discovered in the forest today area officials say the raid preventive terror acts across the republic and as saved many lives saw the bombs have been destroyed and number of cell phones were also found which could have been used to trigger explosions the operation came about after a terrorist suspect was arrested in the same area. let's now take a look at. some other stories from around the world sectarian clashes in northern lebanon have killed seven people including a fourteen year old the government deployed army troops in the city of tripoli to

prevent the violence from escalating between sunni and al we muslims it was a result of protest against the rule of president asad in neighboring syria lebanese sunni are strongly against the regime there while the alawite minority support assad who belongs to other denomination. work on decontaminating water to japan's fukushima nuclear plant has been holed after a surge well above safe levels authorities are anxious that the water inside the damaged facility could spread further radiation into the environment meanwhile a u.n. atomic energy agency report has criticised japan for failing to put essential safety measures in place in the wake of the disaster. and more than half a million people have fled to areas ravaged by severe floods in the young to river valley in central and southern china the military as been mobilized to help rescue efforts and the disaster alert has been raised to the highest level the heavy rains

and flooding have already left one hundred five dead and sixty five missing with the downpours expected to continue for several days. when it comes to devout religious worship the russian orthodox church will go to the ends of the earth for its faithful flock sean thomas reports on the same side to the south pole. perched atop a picture ask a rocky hill overlooking the sea so it's a typical and a tiny russian orthodox church so this scene looks like it could be taken right out of a siberian picture book think again. at the words 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 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 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 so that the water is not is coming through the cracks but also it can climb up for it 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 boudin a russian architectural tradition. more than just

a popular tourist destination the building at. george island is a russian orthodox church and it's a fully functioning facility even performing rare matrimonial honors for those. missions and. i came here for a long stay sixteen months and i had no idea that the. it 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 at the end of it 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. in scotland or one of only two couples to have get married here at trinity making very marriage a part of antarctic history in antarctica sean thomas. well now let's get down to business and join matter as i said the same as our international economic form.

that's right these are the days when the sun doesn't set on russia's northern cop at all but it is going down on russia's on the st petersburg international economic forum or president dmitry medvedev capped off the entire event with a address during a panel discussion that he shared with the presidents of finland the prime minister of spain and the president of kazakhstan where they discussed the challenges facing the global economy the russian president called on all countries to jointly handle challenges facing the global financial system and he said united efforts and policy will help pull countries out of the deadlock and the doldrums that are facing the global financial system he said a key priority for russia in this case is to integrate more with other countries in the global economy and foster better cooperation with all of them and part of that a keystone of all that he believes is the establishment of moscow europe's largest

city as a major financial hub for the global financial system europe is looking toward is looking toward those he believes and he believes that moscow is uniquely positioned to provide that service he's proposed in this case to expand moscow's borders currently seeking to move the jobs of large institutions out towards the outskirts of the city and bring those outskirts of the city not currently incorporated as part of the city system in order to free up space in the city center and downtown for a new business to go when there are more private business to bring more capital and to free up congested space in the congested downtown in order to bring more economic growth to moscow and really establish what is as i had said europe's largest city as a major financial hub not just a regional one we'll talk more about this with stand from v t v capital who believes that it is a key thing to create

a good environment for international work in the city center of moscow. i believe one of the main child. which is. what we've heard actually here in the forum as well is the lack of his people structure the legal system. in the russia i think the innocence of these stupid is to make sure that there is season ace of. the gays in this business is to do business in moscow one thing was the government souls this thing school will become much of a financial center. but jack are not from elbrus capital management believes it's also important to boost domestic capital in russia so i would like to immediately points to. one weakness of the russian financial system which has to be addressed and it's very unique looking. from a global perspective no other major economy in the world such a tremendous lack of the domestic capital flows of financial markets being got

a quid to sell bonds and in that sense russia is very unique we virtually no present some noises to the sort of patient and mutual funds which would provide them a stick up to support the equity market and to provide liquidity for the and i think that's a very specific domestic problems of the authorities have to address you know the provide. for success with creating a financial sense for this meeting often being called russia's answer to davos the st petersburg international economic forum of course had a lot of big business that went along with it a part of that fifty contracts having been signed amounting to some seven billion dollars worth of work that was accomplished here among the deals phillips signed a memorandum of agreement with the russian atomic agency to establish an ecosystem for nuclear medical research here in the country so that's an important point also as i had mentioned the spanish prime minister is up at taro in st petersburg for our work on the conference and russia and spain working on contracts that were

worth some eight hundred million euros when they put pen to paper here in st petersburg. the countries will jointly build new trains and they are working to develop oil and gas here in russia so that's new business and investment coming into the country always a good thing for the leadership here russia and spain aiming to boost trade to about ten billion dollars a year or so a lot of big business coming out of out of the st petersburg international economic forum on day three of the gathering and that's the business news here on our t.v. stay with us headlines up next.

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more than a month. in one of the most extreme environments on the planet this is antarctica and people have to be aware that they're far away from civilization sean paul is discovers front makes antarctica so special and attractive for many the wildlife in antarctica is a both and a fragile. expedition to the bottom of the earth. for. in india oh geez availability in

the movie going to join the hotel rooms a movie that's the gateway her to the ground in period truly torturous to. you can a letter to mr hutto say don't need to go and. read this and the colonel was hoto as used to retreat. welcome back you're watching our t.v. these are the top stories that you agonize over curbing its catastrophic debt and ballooning bail out budget as other countries and once eager to join the blog have second thoughts. about how to stop a global crisis happening again major business and political leaders have discussed just that at the international comic forum which has wrapped up in st petersburg. syria faces a third round of e.u. sanctions amid more deadly anti-government crackdowns which saw more than

a dozen dead and thousands rage nationwide. and all round view of moscow next as martin andrews explores arguably one of the most picturesque ring roads you'll find. hello and welcome to the must go out show on the program this week i'll be exploring the capitals daughter bring approximately sixteen columbus is in succumbs friends it was recently created in the early days of hundreds as a tree line but evolved to replace the city's outer wall today it's undeniably the heartbeat of the russian council i'm

a salsa theorised makes of the most of the famous public outdoors.