in fact. you're a skeptic or you're of the public opinion analysts 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 a. moment of labor the freedom of service you know service these are all integrated any other so it's not only change of money or turks living. one thing everyone does agree on is the mess the eurozone is in whereas turkey's economy grew nine percent last year and over ten percent in the first quarter of this year europe especially southern europe has come to the point of catastrophe because of excessive borrowing greece has so far been the worst hit send others economic disasters have meant appeals for bailouts this makes it difficult for national governments to you friend. personally pouring more money into the coffers

of irresponsible or inefficient members within creasing tension in the economic mismanagement some forsee big problems ahead economy 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 but one seems like a good idea but with all the riches here and not in europe no longer seems like such a profitable move tom barton r.t. istanbul turkey. so while the e.u. struggles of pull its members out of a destructive default spiral other countries which stuck to their own currencies are breathing a sigh of relief and that's indeed a view from germany too that's always been the chief proponent of the euro. those

european nations that are not be your be much stronger. because there's the right thing whether they're trying to your there's no way we can avoid a default it will have to be done. with by the european community everybody together if the greeks leave. that is like you know a lot stronger mind. read your weight into the system but if you want to be truly konami you know. things like an economist i think that's true the best solution because. once you know your devalue and once you can once your value you can regain your competitiveness on the international market does that after all it was the example of argentina which broke out of the monetary union with the u.s.

dollar if the. if you minutes of the program the highly qualified people destined for a low quality life china's boom the spittoons more university graduates than it can cope with churning out thousands of virtually worthless degrees every year as we report on the program that's ahead then but next. in the same petersburg leading business some political figures have been thrashing out how best to avoid another fatal economic meltdown the last session of the economic forum's taken place in a city that's also been getting major firms to try to take a fresh look at investing here in russia he's innocent reports. of course the main topic at a session on global financing with european officials there is going to be the euro crisis what has to be aside from the two officials of 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 because about the euro crisis of the currency being weak

it's really as they see it the currency is very strong that could of course be too faded 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 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 you to feel sunshine on the next day you have rain and that's how i really acts for us in these officials are looking at the economy and optimistic that eventually they will somehow get out of it the main challenge though that europe the european union i should say and russia and countries like conflicts and 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 has going to run for reelection here is what he said. but i wouldn't put it 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 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 spoke about what the plan to build someone like silicone valley institute just five months ago it's well underway and development a lot of c.e.o.'s who think you're 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 signed by fine with them to make sure that this project moves and develops the free 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 this in our bring us up to the identity because wolfensohn petersburg in a four two in our business bullets in about fifteen minutes time tonight also on the way how to get a face lift in the frost. this russian orthodox church has wandered far from its home on john thomas. and coming up on r t we explore the world the southern most russian orthodox church. to bring up there was more news before the latest show of defiance against syria's president assad say that least of the sixteen people killed as thousands of people protested in major cities are going to

go the e.u. is learning of a third round of sanctions too likely to target companies dealing in syria's economy meanwhile the united states has discussed u.n. action in the region with russia which says it will not support any u.n. resolution that may result in intervention moscow condemns the violence calling on both sides when gauging talks of the war activists baucus says that sanctions are only the first step towards a y. direction. the if it adopts these new sanctions the third wave of sanctions there incrementally ask relating the u.s. and western european intervention into syria i think there. we're going down the road as we 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 protesters 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 middle east watches have been telling us that the u.s. might talk of public protection concerns but actually the sort of 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. why it could have been if you like played a more consistent role in foreign policy hasn't done but also any sort of intervention there with. which is based purely on this desire for stability is bound to be counterproductive ahead in the program as barack obama gets sued for going into libya without asking congress we asked people in new york whether they think the was worth it. to waste their money and the lives of young people do you think this is maybe another reason that we're doing it the reason all of. this another takes on america's military motivations as gathered by the president in just a few minutes time here on r.t. . many may have enviously watched china's surging growth but it's proven to

be flawed at least one area the rapid expansion of universities mean cities and wash with former students on the employment scrap people forced into menial jobs henry morton reports on the rise of china as a graduate ghetto. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave the pool room 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 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 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 or forcing my parents and sister went through a lot of hardship to save the money that put me through university i studied hard and did part time jobs to support myself you know though all i can find is unskilled part time work so i really feel like i'm letting them in dying. 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.

at that if we're on the one hand chinese universities are already in a weak state we need them weaker with an over rapid expansion so the education received by many of today's graduates has been very poor on the other we have a whole generation who are used to having everything going for them you cannot do it think 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 i.d. cards for outsiders without a stable job however with the number of graduates entering the workforce set to continue rising there seems little hope in sight for china's and tribes and remorse and r.t. beijing. of course online all the time without the dot com with a wealth of stories and videos for you to discover there the chance to have your say about what you see on this channel there right now moving ahead when across the earth take

a look at this church on wheels you can write it's revving up in central russia to bring the light to even the most isolated worshippers of our top stories and i get a lot of clicks also an american porn tycoon saying there's always room for winner and makes an offer to the sexting scandal politician at r.t. dot com. in. two years he was offered 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 there 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 and president obama's actions in libya meantime of a lawsuit at home 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 party's roving reporter the resident 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 or we can us a 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 the house to be one no one better be as we think about. americans as being some kind. of world police you know you think about us dick yes you don't think there's any altieri motive. no oil interest no economic interest no no no no 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 did you think this is maybe another reason we're doing it one reason only 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. maybe our priorities just aren't the same so you have all these countries in the middle east where the people are standing up against their government why are people in the u.s. standing up against their government 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. the so-called liberal tree of deaths being destroyed in a special operation in russia's north caucasus republic of dagestan and around a dozen powerful homemade bombs were discovered in the underground compound it was

said in the forest that officials say the raid prevented terror attacks across the republic and it saved many lives all the bombs have been destroyed and a number of cell phones were also found which they say could have been used to trigger explosions were she came about after a terror suspect was arrested in the same area also making news this saturday night secretary. clashes in northern lebanon have killed seven including a fourteen year old girl the government deployed army troops in the city of tripoli to prevent violence from escalating between sunni and alawite muslims they'd clashed after protests over the rule of president assad in neighboring syria lebanese sunni are strongly against the regime there while the alawite minority support assad who belongs to their denomination. decontaminating water at japan's fukushima nuclear plants been halted after radiation surged well above safe levels authorities there are anxious now that the water inside the damage facility could spread further radiation into the environment this as a u.n.

atomic energy agency report criticized japan for failing to put essential safety measures in place in the wake of the disaster dramatic pictures coming up stung by play in this plunged into a river while performing at an air show in poland the only person on board was the pilot who was pulled from the water by rescuers and taken to hospital we don't know his condition tonight the air show organizers say it's too early to find the cause of the crash. when it comes to devout religious worship the russian orthodox church will go to the ends of the earth it seems for its faithful flock artie's sean thomas reports next on the st lee 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 just coming through the cracks but also it can climb up which to leak inside. now trinity church has become

a sort of and article 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 station on king george island is a gem of the russian orthodox church and it's a fully functioning facility even performing rare matrimonial honors for those. still playing. 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. one of only two couples to have get married here at

trinity making their marriage a part of antarctic history in antarctica sean thomas. we were similar best for their future to come up in a few moments not the significance of the new south stream gas pipelines in the spotlight now before the business update that with transit in the same pages but international economic forum next. 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 discuss 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 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 said to europe's largest city as a major financial hub not just a regional one we talk more about this with. 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. luckily for actually here in the forum as well is the lack of these people structure the legal system. in the russia i think i notice in this piece to put down is to make sure that there was seizing this. gaze and this business is to do business and also one thing the government souls this i think 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 for the. financial markets being got a quick useful policy in that sense right she's very unique we were true we know presidents always to the sort of. mutual farms which would provide them a stickup pool to support equity markets and to provide liquidity for and i think that's a very specific domestic problem the authorities have to press you know the provide . for success with creating a financial center to 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 to some seven billion

dollars worth of work that was accomplished here among the deals philip signed 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 the spanish prime minister is up at taro 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 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.

to a substantial degree and one form or another socialism has spread the shadow of human regimentation over most of the nations of europe and the shadow is encroaching upon our own liberty. the early twenty first century military bases the network of military bases all around the forms the empire that the united states is trying to build it's astonishing most americans have no idea there are more than a quarter of a million or more than two hundred fifty thousand u.s. troops stationed on these bases all around us. we don't have foreign bases in america we don't have any british base we don't have any korean base we don't have any french bases or you know we just all american bases in our bases are fine are the noises our noise of doesn't bother us at all because they're all bases but for

other people it's almost like a cancer here for these people since the end of world war two the spaces i've been . working here to provide a safe and secure environment for everybody. the questions they have thing else you get everything you needed. for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers. hello this is r t international from moscow but i'm scared that now and with our top stories for you tonight the e.u. is over curbing its catastrophic debt and ballooning budget as other countries once

they get to join the blog. i have second thoughts. but how to stop a global crisis happening again major business and political leaders have discussed just that at the international economic forum that wrapped up in st petersburg. and syria faces a third round of e.u. sanctions and with more deadly antigovernment crackdowns but seeing more than a dozen dead and thousands of nationwide. next getting russian gas where it's needed with no diversions spotlight speaks to the south stream pipeline boss about what that means for keeping you powered up. hello again and welcome to spotlight then to me cheryl on r.t. and i'll do another one today my guest is marcel grammer russia isn't the first thing hard into the south stream pipeline

a direct and independent gas shipping route to you but as the project is gaining momentum there's criticism in some quarters that south stream is uncomfortable then as no future one to do the project leaders have to say to that here's the c.e.o. of the south stream marcel primary joining us from st peter's world economic forum . after the gas row between russia and ukraine left europe freezing moscow decided to develop an independent route to secure its gas supplies south stream a belated along the bottom of the black sea and then on into europe but critics say this pipeline will make western europe even more dependent on moscow today every fourth household on the continent and russian gas. main stream and best against rome is working hard to prove that even a joke like mine. is

a crime or welcome to the show thank you very much for being.