in the slums of. extradition to the bottom of your. eyes is over curbing its catastrophic debt am ballooning bail out budget as other countries once eager to join the blog have second thoughts. about how to stop a global crisis happening again major business and political leaders have this cost just that every international canonic forum which has read the same bed is for. syria faces third round of e.u. sanctions have had more deadly anti-government crackdowns which saw more than a dozen dead and thousands rage nationwide.

you know if you live from moscow i'm marina josh you welcome to the program every war that's how greece's latest finance minister sums up the job ahead of him he's been tasked with security and other multibillion euro bailout the criteria for which means slapping outright hostile greek public was more scared of cuts and some countries like turkey which once harbored dreams of even membership are beginning to rethink their plans. 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 going up out of the euro right now took on the street 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 so we don't really come. to push people are using the year as an investment or earn money here is a more reliable and. people don't want to save their money in the euro. universe and euros you get more than a euro is also stronger than dollars having said that i don't want to risk investing. but academics analyzing public opinion have found a common logic and decisions about the euro people polled don't care about wider economics but about their own personal finance its. economy is actually the on the court in fact that makes euro skeptic or euro fire the public opinion analysts are 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 have many or turks 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 it sound others economic disasters have meant appeals for bailouts this makes it difficult for national governments to you friend. possibly pouring more money into the coffers of responsible or inefficient it's with increasing tension in the economic mismanagement some for seed big problems ahead economy corp. based on

a single currency 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 it's not in europe you know 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 spiral the countries which stuck to their own currencies are breathing a sigh of relief and that's so you're from germany which is always been the chief proponent of the euro. you're. not be you're willowby much much more. so than the right thing. says no way we can avoid it

before it will have to be done. with european community everybody together if the greeks leave. that is like you know it's wrong their mind major major break into the system but it's. entirely canonical you know. like an economist i think is true suppressed solution because. once you know your volume and once you can do that once you're the only two you can retain your competitiveness of the international market this after all is the example for attention which broke or wanted to with the us dollar as they could. and in just a few minutes the highly qualified people destined for a lower quality lie china's boom produces more university graduates than it can

cope with turning out thousands of virtually worthless degrees every year. in st petersburg leading business and political figure this happens thrashing out how best to avoid another fatal economic meltdown the last sashing of economic forum has taken place in the city which has also been getting major firms to take a fresh look at investing in russia has been there for us. of course the main topic at a session on caldwell financing with european officials there are going to be the girl prices lower cost me aside from the two officials finless presidents face prime minister post stated that it's not a hero crisis that the separate countries in the eurozone are having crises and they kind of outlined that because about the euro crisis the currency being weeks is really as they see it the currency is very strong back could of course be two baited from the president of kazakhstan and president medvedev we heard a little less optimistic things of how 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 present is that if 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 on the next day you have rain and that's how really experts in these officials are looking at the economy and optimistic that eventually they will somehow get out of it the main challenge though that you are of the european union i should say and russia and countries like kazakhstan 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 if he did is going to run for reelection here is what. we should do them 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 run for him as president and if you run. for reelection it 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 of the work force a plan to build a somewhat like us to a compound lee institute just outside moscow it's well underway 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 working side 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 saying it has worked and more from the scene that is bergen our of business bolden in about fifteen minutes time and in the next hour a special edition of artes on the money work peter labelle talks to people at the form about what lies ahead for business in russia. and on the way here in our team to get a facelift in the frost. this russian orthodox church has wandered far from its home. and coming up on r t we explore the world southern russian orthodox church. the latest show of defiance against syria's president that has seen at least another sixteen people killed as thousands of people protested in major cities urging him to go but use lining up

a third round of sanctions likely to target companies dealing here is economy meanwhile the united states has discussed u.n. action in the region with russia and moscow has condemned 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 of lighter action. the e.u. 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 went in libya where one step leads to another step there climbing the escalation letter they have a very sort of selective concern for the lives of protesters and democracy movements are movements that call themselves democracy movements you take a rain they're there condoning the crackdown and 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 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 watchers have been telling r.t. 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 to 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 out 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 what we are seeing there are really for freedom and democracy. if you like played a more consistent role in foreign policy has and that is also a new sort of intervention. which is based purely on this desire for stability is to be counterproductive. so the count as barack obama gets sued for going into libya without asking congress we asked people in new york whether the war's worth it. to waste the money in the lives of young people did you think there's maybe another reason for doing it of course the reason all. this and other takes on america's military motivations is gathered by the residence in a few minutes. mary may have and we as lee watched china's surging growth but it

has proven to be flawed in at least one area the rapid expansion of universities means cities are now wash with former students and on the employment scrap or forced into menial jobs and the morton reports on the rise of china's gradual ghettos. disappointed global slowdown china's economy is booming and its cities are expanding as a seemingly unstoppable pace as people look to leave the pool. 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 are 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 ant 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 answer but the suffering for my parents and sister went through a lot of hardship to see if the money if it bit 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 go. part of the problem is that there are simply too many university graduates now entering the system and nine hundred ninety eight 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

a little with that for that to work on the one hand chinese universities are already in a weak state we lead in 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 areas the government is now looking to take action the 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 sets of continue rising there seems little hope insights for china's own tribes and remorse and r.t. beijing. missionizing live from moscow and if you miss something on air you can always watch it at your leisure arity dot com we've got loads lined up for you there for the life in a garden a four year old boy wins a lawsuit against

a circus for not putting on a show it promised. an american born tycoon says there is always room for a winner and makes an offer to the sexting scandal politician. if. he. american lawmakers are suing rock obama for violating the constitution by going too far in libya they say he has breached the time limit for mobilizing the military abroad without asking permission from congress arches roving reporter the residents took to new york sidewalks to hear what people there think of sending more troops into more countries problems. we're number one in the world and we give us the house to show the world we can still do it even though the economy is not the best we can have we can still do it

why is that so important to be number one has to be possibly one number one better think about. americans as being some kind of the world police you know you think about through a stick yes you don't think there's any altieri motive. no oil interests 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 for doing it of course the reason only your reason i don't think it's logical i don't think it makes any sense a 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. and maybe our priorities 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 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. a so-called lender torrie of death has been destroyed in a special operation in russia. north caucasus republic of dagestan around a dozen powerful homemade bombs were discovered in the underground compound that was hidden in a forest officials say the raid for a man of terror acts across the republican has saved many lives all the bombs have been destroyed a number of cell phones were also found which could out for explosions the operation came about after a terror 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 the poit army troops in the city of tripoli to prevent violence from escalating between sunni and the law well with muslims they clashed after a protest over the rule of president asad in neighboring syria lebanese a sunni are strongly against the regime there while the alawite minority support who belongs to the nomination. work on decontaminating water. nuclear plant has been holding after radiation surged well above safe levels of the worries 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 criticized your panel for failing to put social safety measures in place in the wake of the disaster. more than half a million people have fled areas ravaged by severe floods in the younes a river valley in central and southern china the military has been mobilized to

help rescue efforts and the disaster alert has been raised to the highest level they have the rains and flooding have already left one hundred five people dead and sixty five missing the downpour is 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 seine saintly side to the south pole. so. perched atop a picture ask a rocky hill overlooking the sea so it's a typical any time the russian orthodox church scene looks like it could be taken right out of a siberian picture book think again. that the world 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 operations. in

two thousand and two they took 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 and every beam was disassembled and they transported 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 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 just coming through the cracks but also we can climb up towards to leak inside. now trinity church has become a sort of and i get 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. island is a gem of the russian orthodox church and if there were a bunch of infertility even performing rare matrimonial honors for those lucky. michelle then. 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 that one 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 don't you have our wedding in this church. or one of only two couples to have been married here at trinity making their marriage a part of antarctic history in antarctica sean thomas.

well let's get down to business now and join me who is at the same pittsburgh international economic. that's right these are the days when the sun doesn't set on russia's northern calif at all but it is going down on a rush is 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 this he believes and he believes that moscow is uniquely positioned to provide that service he's proposed in this case to expand to 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 in 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've said europe's largest city as a major financial hub not just

a regional one we talk more about this with post from v t v capital who believes that it is a key thing. you create a good environment for international work in the city center of moscow. i believe one of the main challenges. was we've heard actually here in the forum as well as the lack of his infrastructure the legal system. in russia i think and i saw this piece of the dominoes to make sure that there is easing this. gaze and this business is to do business in the most important thing was the government sells this i think school will become much of a financial center. but jack are not from elbrus capital management believes it's also important to boost a message to capital in russia that would like to immediately points to. one weakness of the russian front actual 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 hope for the mystic out both for the field of financial market being of a quick useful was made in that sense right she's very unique we virtually no present some noise is the sort of mutual funds which would provide the mystique of proof to support it which is market is to provide liquidity for the i think that's a very specific domestic problem that go forward to sell food for as you know the provide the background for successfully creating a financial center of 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 cited amounted to some seven billion dollars worth of work that was accomplished here among the deals the website a memorandum of agreement with the russian atomic agency to establish an eco system for nuclear medical research here in the country so that's an important point also

as i had mentioned spanish prime minister zapatero in st petersburg for our work on the conference and russia in spain. working on contracts that were worth some eight hundred million euros when they put pen to paper right here in st petersburg among them 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.

one stream cascading from mountain slopes to beulah's midsomer runs. this beauty brings down at a speed of more than four hundred kilometers from. its step to the dhamma launch on

a large sheet. to 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 are far away from civilization sean thomas discovers what makes antarctica so special and instructive from nearly the wildlife in antarctica is the bows and franzl. extradition to the bottom of the earth on our team. fish. if. the mission free credit taishan free comes torture which.