public opinion has 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 me 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 woman service these are all integrated any other so it's not only you know exchange of money or turks the turkish new living. thing you're all 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 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 to 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 and not in europe you no longer seems like such a profitable move tom barton 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 breathing a sigh of relief and that's a view from germany too which is always been the chief proponent of the euro. those european nations that are not the your will no be much stronger much more grim because there's the right thing why they didn't join the world 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 you know media reach your weight into this is them but if you want to be truly economic you know you're going to be things like an economist i think is trying to suppress solution because. once you know you you

devalue and once you can do that 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 that's the beauty of the us that in a few minutes not of the program we report of a highly qualified people destined for a low quality life science and produced more university graduates and can cope with churning out thousands of actually worthless degree every year as we find out in just a bit. thanks that 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 economic forms taken place in the city which has been getting major firms to take a fresh look at investing in russia parties 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 is going to be the euro crisis but what has to be aside from the two officials finland 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 because about the euro crisis of the currency being weak it's really as they see it the currency is very strong back could of course be too fated from the president of kazakhstan and president medvedev we've 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 of 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 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 cosmic center 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 and. when i consider it appropriate to tell you whether i will do it or not i will come out and say it 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. to relax 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 spoke about what the plan to build someone like silicone valley institute just down five months ago is 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. 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 launching moves and develops 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 because that's the way they think it should be done. and this is now important for us because from st petersburg and you know business post in about fifteen minutes for you also on the way tonight how to get a face lift in the frost. this russian orthodox church has wandered far from its home i'm sean thomas in and arctica and coming up on r t we explore

the world the southern most russian orthodox church. rather more news for you the latest show of defiance against syria's president assad is seen at least of the sixteen people killed as thousands of people protested in major cities edging him to go the was lining up 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 brought back and told us that sanctions are really the first step towards a y. direction. 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. when 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 are movements that call themselves democracy movements you take their their their condoning the crackdown on peaceful protesters i think what's really happening is that syria syria has been targeted by the united states and also in principally by by france and the u.k. for regime change and i think they see this growing protest movement and the possible slippage of the country in the direction of civil war as an opportunity to overthrow what has been considered to be an independent government in syria but the swatches been telling you that the u.s. might talk of public protection concerns but actually it's got its eyes on a very different. all the talk of exporting democracy and all that sort of preaching 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 that what we are seeing there are really for freedom and democracy and. while he could have been if you like played a more consistent role in foreign policy hasn't done that but is also a new sort of intervention there were doing which is based purely on this desire for stability is bound to be counterproductive you're watching r t with me kevin now and still to come as barack obama gets sued for going into libya without asking congress we asked people in new york whether the war worth. to wait a minute the lives of young people did you think this is maybe another then that

we're doing it one reason only all. this other takes 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 are now washed with former students on the employment scrap heap or forced to join menial jobs henry morton reports now on the rise of china as graduate. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave their poor rural backgrounds behind in search of the chinese economic miracle and one of the largest groups of people currently moving into china's cities are university graduates like those from this campus in downtown beijing however many are arriving to find their

degrees of furtively worthless and the streets are paved with anything but gold these graduates often end up living in the most basic and squalid of conditions and forced to do menial jobs sociologists have dubbed them the ant tribes and there are thought to be more than one hundred thousand living in beijing alone in june chine is one such ant he shares a twenty square meter room with five other graduates in a former workers dormitory in the north of beijing washing and toilet facilities are shared and there is nowhere for them to cook but it's not just the ants that are suffering for my appearance 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 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 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 that number was six million and it's still growing. at that for that 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 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 henry

morton r.t. beijing. we're online all the time with our team dog come with a wealth of stories and videos for you to discover taking a look there right now moving have been across this church on wheels you heard me right is revving up in central russia to bring the light to be the most isolated worshippers story got online if you did i get more clicks and. an american porn tycoon who says there's always room for winner and makes an offer to the sex sting scandal politician but a more about that want to online for us tonight. cheers he is off for one of its islands as a venue for possible talks between the libyan opposition and embattled leader colonel gadhafi but any negotiations will only go ahead if they're overseen by the

african union and russia according to the kremlin special envoy to the area he says the rebels see russia as a crucial partner in mediating the conflict while growing ever more skeptical of western involvement president obama's actions in libya have earned him a lawsuit at home too he's being accused of violating the constitution leaving politicians saying he's breached the time limits of military action of the board without permission from congress party's roving reporter the residents 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 the house sure the world we can still do it even the. best we 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 better be as we think about. the americans as being some kind of. world police you know even get out

your ass 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 in the lives of young people you know who do you think this is maybe another reason that we're doing it of course one reason only oh well 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. may be 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 us 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 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 that it's not going to stop anytime soon.

wolf the president next week so-called 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 that was hidden 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 came a return. suspect was arrested in the same area. also the news tonight sectarian clashes in northern lebanon have killed seven including a fourteen year old the government deployed army troops in the city of tripoli to prevent the violence from escalating between sunni and alawite muslims they clashed over protests over the rule of president assad in neighboring syria lebanese sunni a strongly against the regime there while the alawite minority who support assad

who belongs to their denomination. work on contaminated water at japan's fukushima nuclear plants been halted after radiation surged well above safe levels authorities are anxious now that the water inside the damage facility could spread further radiation into the environment meantime this is the u.n. atomic energy agency reports criticized japan for failing to put essential safety measures in place in the wake of the disaster. big trouble in china more than half a million people of fled after areas ravaged by severe floods in the young sea river valley in central and southern china you see the pictures there the military has been mobilized to help rescue efforts in the disaster alerts been raised to the very highest level they have the rains and flooding already left one hundred five people dead sixty five are missing. expected to continue for several days here. when 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 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. though in two thousand and two they built the temple from the cedar tree and the church was built and it sat there for a while until the end of two thousand and three they numbered all the parts every beam was disassembled and they transported it to kaliningrad from there it was shipped all the way here to antarctica since feb fifteenth two thousand and four

the church has been officially up and running with the orthodox church providing a staff of two specially trained monks each year but given the extreme climate in which they operate 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 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 station on george island is a russian orthodox church and it's a fully functioning facility even performing rare matrimonial honors for those.

missions and when. 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. in scotland or one of only two couples to have get married here trinity making their marriage a part of antarctic history in antarctica shawn thomas. i was sweeping away russia's snowy stereotype in a few minutes to make a beeline for the beach all this channel but to the summer sunshine and some people first an art scene business next with trust.

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 new business to go when there are more private business to bring more capital and to free up congested space in the congested downtown 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. from the 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 challenges. was we've heard that actually here in the forum as well

as the lack of his infrastructure the legal system. in the russia i think in a sense what needs to be down there is to make sure that there was season ace. to gays in this business is to do business in moscow one thing was the government souls' 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 domestic capital in russia 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 it's such a tremendous lack of domestic capital for the for the financial markets being got a quick useful bonds and in that sense right she's very unique we virtually no

presence of noises from the sort of patient and mutual farms which would provide the mystic couple to support the equity market and to provide liquidity for and i think that's a very specific domestic problem to go forward yourself to address you know the provide the background 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 cited about it 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 in spain. working on contracts that were worth some eight hundred million euros when they put pen to paper 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 the out of the st petersburg international economic forum on day three of the gathering and that's the business news here on r t stay with us headlines up next.

he's. wealthy british. in some. markets why not. find out what's really happening to the global economy cause a report on. saturday

night. with a top story update. as other countries. have second thoughts. but how to stop a global crisis happening again major business and political leaders to discuss just that the international economic forum. and syria faces a third round of you sanctions with more. than a dozen dead and. why. the dutch the snowy stereotype that most people apply to russia next as we meet the bikini clad bathers of the black sea resort.

if you're taking the first trip to russia you'll probably be more inclined to pack a fur coat rather than a bucket and spade but if you have down south to the chrism of the region you'll find long sandy beaches and hundreds of kilometers of beautiful coastline literally millions of people flock here for their holidays every year proof that while russia may be famous for its snow and skiing there's plenty of sun sand and see here as well. local say that this is the longest developed of buying that's in europe fourteen kilometers of it and in the middle is this lady a white bra it was supposed to represent the hopes dreams and beauty of the beach. and it's a stunning place the results of frame by the background of the cool cajun mountains and on a sunny day the seascapes can rival anything you might find in the greek islands

and if you want to see the area in its full glory you just have to jump in.