the be. nice about see the e.u. agonizes over curbing its catastrophic debt and ballooning budget as other countries once they get to join the clock have second thoughts. about how to stop a global crisis happening again major business and political leaders and discuss just that with the international economic forum that's just wrapped up in some places. and syria faces a third round of e.u. sanctions amid poll deadly anti government crackdowns which sold more than a dozen dead and allison is great nation one.

very good evening from art see my name's kevin owen it's nine pm here in moscow and our top story tonight a real war that so greece's latest finance minister sums up the job ahead of him he's been tasked with securing another multibillion euro bailout a criteria for which i mean slapping and outright hostile greek public with more start to see cuts in some countries like turkey which once harbored dreams of e.u. membership beginning to rethink their plans to. 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 or not anymore turkey's attitude in short can be summed up very simply very glad going to part of the euro turks on the streets seemed 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 dumb. 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. but few invest and euros you get more than lever and euros also stronger than dollars having said that i don't want to risk investing. what 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 me you know an important fact that bad make euro skeptic or a euro fire the public opinion analysts a keen to point out that further economic integration into europe doesn't just mean money and that people should only think about their pocketbook economics they have what they can think of freedom of labor the freedom of service you know service

these are all integrated in others so it's not only fans of many or turks near living near an adopting rural 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. simply pouring more money into the coffers of irresponsible or inefficient members with increasing tension in the movie economic mismanagement some for seed 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 but one seems like a good idea but with all the riches here it's not in europe longer seems like such a profitable move on r.t. istanbul turkey so while the e.u. struggles of pull its members out of a destructive default spiral the country's rich stuck to their own currencies are grieving a sigh of relief firm that's a view from germany too which has always been the chief proponent of the euro. those european nations that are not be your willow be much stronger much more. because they did the right thing troubadour there's no way we can avoid 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 break into the system but if you want to tripoli economically you know. we think like an economist i think a stress test solution because. once you know you. really and once you can look once you go look you can retain your competitive only international market this is after all as the example of projection which broke out of the monetary union with the u.s. dollar and. in a few minutes now out of the program a report of a highly qualified people tested for a low quality life by who produced what university graduates can cope with chilling out thousands of them but actually worthless to the grain every year as we find out

in just a bit tonight. thanks though it's a petersburg leading business and political figures have been thrashing out how best to avoid another fatal economic meltdown the last session of the economic forum taking place in the city which has been getting major firms to take a fresh look at investing here in russia i teach in this and now it's been there for us. of course the main topic at a session on global financing with european officials there's going to be the euro crisis a lot has to be aside from the two officials finless presidents face prime minister post stated that it's not a euro crisis that the separate countries in the eurozone are having crises and they kind of outlined that because about the euro crisis of the currency being weak this is really as they see it the currency is very strong back could of course be too 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 has to be said of the session went pretty optimistically president is ready for taking 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 i really experts in these officials are looking at the economy and optimistic that eventually they will somehow get out of that the main challenge though they hear 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 made stated is going to run for reelection here is what he said. but when i consider it appropriate to

tell you whether i will do it or not i will come out and say it but 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 then he will announce who's interested my decision but so secret that president medvedev may want for him as president and if you run. the real action 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 which of course the plan to build as someone like to a compound lee institute just outside moscow it's well underway in terms of development a lot of c.e.o.'s of figures here for the three day summit in st petersburg from silicon valley be had eric schmidt. and they're actually meeting with all of the officials from the scope of my working side by side with them to make sort of this project moves and develop the simply 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 manner proof that the way they think it should be done. and it's now important for us because from st petersburg indeed our business post in about fifteen minutes for you also underway tonight how to get a face lift in the frost. this russian orthodox church has wandered far from its home i'm sean found in antarctica and coming up on r.t. we explore the world the southernmost the russian orthodox church. from your more news for you the latest shoulder finds against syria's president assad is seen at least another sixteen people killed as thousands of people protested in major cities are urging him to go the learning of a third round of sanctions now too likely to target companies dealing in syria's economy meanwhile the united states has discussed u.n. action in the region with russia also has condemned the violence calling on both sides to gauge and talks but says it will not support any u.n. resolution that may result in intervention and the war activists brian becker told

us that sanctions are really the first step towards a y. direction. the e.u. if 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 in. 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 protestors and democracy movements or movements they call themselves. take bahrain they're 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 lead 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. but you swatches been telling you that the u.s. may talk of public protection concerns but actually it's got its eyes on a very different price 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 islamist state or anything like 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 has and that is also

a new sort of intervention there with. which is based purely on this desire for stability is bound to be counterproductive you watching our see with me still to come as barack obama gets sued for going into libya without asking congress we asked people in new york for the. awaits the money and have it go live that of the young people did you think this is maybe now they would be even that were doing it was the reason all the oh and where is this another take on america's military motivations as gathered by the president in just a few minutes time. many may have enviously watched china's surging growth but it's proven to be flawed in at least one area the rapid expansion of universities main cities and i wash with the students on the employment scrappy or forced to join menial jobs such as henry morton reports now on the rise of china's graduate ghettos. despite the global

slowdown china's economy is booming and its 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 cities are university graduates like those from this campus in downtown beijing however many are arriving to find their degrees are virtually worthless 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 appearance and sister went through a lot of hardship to see if the money that put me through university i studied hard and did part time jobs to support myself now though all i can find is unskilled part time work so i really feel like i'm letting them down. part of the problem is that there are simply too many university graduates now entering the system in one thousand nine hundred eighty 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 that is for one the one hand chinese universities were already in a weak state we need in weaker within the 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 and cannot do

it for themselves he's going to give people like this work. with reports of rising 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 sector continue rising there seems little hope insights for china's and tribes and remorse and r.t. beijing we're online all the time with our team gold card with a wealth of stories and videos free to discover taking a look there right now moving heaven across this church of wales you heard me right is revving up in central russia to bring them like to me the most isolated worshippers story got online if i can logically and. an american pawn tycho's says there's always room for a winner and makes an offer to the sex things and bald politician more about that

want to live for us tonight. if changed. if if. if. cheers he is offered one of its islands as a venue for possible talks between the libyan opposition leader colonel gadhafi but any negotiations will only go ahead if there are overseen by the african union and russia according to the kremlin special envoy to the area he says the rebel see russia as a crucial partner mediate in the conflict while growing ever more skeptical of western involvement and president obama's actions in libya have earned him a lawsuit at home till he's being accused of violating the constitution leading politicians say he's breached the time limit for military action abroad without permission from congress that is roving reporter the residence 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 that we can us your house sure the world we can still do it even though you're going to be some of the best you can have we can still do it why is that so important to be number one has to be the house to be one of the one going to be as we think about. americans as being some kind of. world police you know even if they're true yes you don't think there's any algerian 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 waste their 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 the reason all your reason i don't think it's logical arabic 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. may be our priorities are 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 and let's face it it's not going to stop anytime soon. president next week so call the burra trade desperate destroyed in a special operation in russia's north caucasus republic of dagestan around a dozen powerful homemade bombs were discovered in the underground compound there were said in a forest official say the raid prevented terror attacks across the republican have saved many lives all the bombs have been destroyed a number of cell phones were also found which they say could have been used to

trigger explosions the operation tenner. terror suspect was arrested in the same area. also the news tonight six syrian clashes in northern lebanon have killed seven including a fourteen year old government deployed army troops in the city of tripoli to prevent the violence from escalating between sunni and alawite muslims it clashed over protests over the rule of president assad it may bring syria lebanese sunni strongly against the regime there while the alawite minority who support assad who belong to their denomination. work on contaminated water at japan's fukushima nuclear plants be halted after radiation surged well above safe levels authorities are i'm sure that the water inside the damage facility could spread further radiation into the environment meantime this is the u.n. atomic energy agency report criticized japan for failing to put essential safety measures in place in the wake of the disaster an. example in china more than half a million people of fled after the areas ravaged by severe floods in the gang scene

river valley and central and southern china you see the pictures there the militaries be mobilized to help rescue efforts in the disaster lose been raised to the very highest level the heavy rains and flooding already left one hundred five people dead sixty five are missing. expected to continue for several days here. but it comes to devout religious worship the russian orthodox church will go to the ends of the earth for its faithful flock next thomas reports on the saintly side of the south pole. perched atop a picturesque a rocky hill overlooking the sea so it's a typical in a tiny russian orthodox church though 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 was not an easy operation. if they don't go all 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 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 months 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 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 it can climb up which 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. i own is a gem of a russian orthodox church and it's a fully functioning for thirty or even performing rare matrimonial honors for those . plans i came here for a long stay sixteen months and i had no idea that there was. church and russia i was not a frequent visitor to church but here somehow i started to be before i left russia i promise to grant 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 and destroy each. one or one of only two couples to have been married to

trinity making their marriage a part of antarctic history you know article sean thomas. obviously the way it rushes snowy stereotype and a few minutes to her make a beeline for the beach this channel but to the summer sunshine and some first an obscene president's next with president. that's right these are the days when the sun doesn't set on russia's northern copyable but it is going down on russia's on the st petersburg international economic forum or president 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 a 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 as he believes that he believes that moscow is uniquely positioned to provide that service and 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 new business to go when there are more private business very more capital

a different 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 talk more about this with us and i suppose from the t.v. capital who believes that it is a key think you 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 as the lack of his people structure their legal system. in russia i think a nicer this place to put down is to make sure that they receive is a nice. big azan is for businesses to do business in moscow one thing was the government souls' this i think most school will become much of a financial center. but jack are enough 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 financial system which has to be addressed and it's very unique looking. from a global perspective no other major economy in the world it's such a tremendous lack of for the mystic goes for the foot of financial market being that i could see simple problems in that sense right she's very unique we virtually no president some noises the sort of patience and mutual funds which would provide the mystique of hope to support the equity market and to provide liquidity for the i think that's a very specific domestic problem the go forward to stuff the dress you know the provide the background for successfully creating a financial sector 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 out of just 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 spanish prime minister zapatero 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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