it's not only you know exchange of money or turks turkish mere living. thing here 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 the new 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 what once seemed 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 while the east ruggles to pull its members out of a destructive default spiral the country's stuck to their own currencies are breathing a sigh of relief and that's the view from germany too that's always been the chief proponent of the euro those european nations not the you're. the right thing. 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 called the economic you know. things like an economist i think a stress test solution because. once you know you 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 as the be. in a few minutes on r t the highly qualified people destined for a low quality life china's boom produces more university graduates and can cope with churning out thousands of virtually worthless degrees every year it's a story we reveal a bit later in the program. now that dissipate as their leading business and political figures have been thrashing out our best to avoid another fatal economic meltdown the economic forum wrapped up saturday in the city where it's also been

getting major firms to take a fresh look at investing here in russia our business in our reports. 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 that could of course be too faded from the president of kazakhstan and president medvedev we heard a little less optimistic things about the euro saying that it could be expected that when so many different states get together and share one currency that eventually they're going to run into problems overall it has to be said the session went pretty optimistically president medvedev pointing out that the economy is a lot like the weather here in st petersburg one day but on the first day of the

form you have beautiful sunshine and on the next day you have rain and that's how it really acts for us and these officials are looking at the economy and optimistic that eventually they will somehow get out of that the main challenge so that you are up 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 today david is going to run for reelection here is what. we should. but when i consider it appropriate to tell you whether i will do it or not i will come out and say 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. 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 up with the plan to build someone like silicon valley institute just outside moscow it's well underway in terms of development a lot of c.e.o.'s of yours 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 work you find by find with them to make sort. of moves and develop the body 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 it should be done. they're bringing us up to date of good will from some petersburg to an all business

bulletin in about fifteen minutes time and on the way as well how to get a facelift in the frost. this russian orthodox church has wandered far from its home i'm john thomas. and coming up on r t we explore the world the southern most russian orthodox. the syrian regime's apparently started an operation to prevent people from fleeing violence in the country troops backed by tanks have swept into a turn very close to the turkish border to stem the flow of refugees to human rights activists say the action will prevent food and water reaching some two thousand displaced people meanwhile the e.u. is letting up a third round of sanctions like to do target companies dealing with syria the u.s. has discussed possible pressure on damascus at the united nations with russia but moscow says it won't back any resolution that may bring military action middle east expert says that any armed intervention would be counterproductive. to a call for exporting democracy and all that sort of preaching rest of the world i

find is highly inconsistent and it's hypocritical. 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 islamic 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. also any sort of intervention there were doing which is based purely on this desire for stability is bound to be counterproductive coming up in our two years barack obama gets sued for going into libya without congress we asked people in new york whether they think

the was worth. a waste of money and the lives of young people did you think this is maybe another revenge that we're doing is the reason all the oil or is this another take his military motivations as gathered by the resident in a few minutes on this channel. but he 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 means that cities are now wash with former students on the employment scrap people forced into menial jobs henry morton reports on the rise of china's graduate ghettos. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave their pool rules 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 rising to find their degrees of virtually worthless in 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 or forcing my parents and sister went through a lot of hardship to save the money that picked 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 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. and that is 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 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. to a story again of a comment on it you can use online at r.t. dot com along with a wealth of other stories and videos for discover like these two moving heaven across earth this church or wheels that's what you're looking at is revving up in central russia to bring the light to even the most isolated worshippers. and an american porn tycho's there's always room for wiener and makes an offer to the sexting scandal politician. cheers 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 rebel see russia as a crucial partner mediating the conflict while growing ever more skeptical of western involvement president obama's actions in libya have earned him a lawsuit at home to 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 artie'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 that we can us it has to shore the world we can still do it in. the best we can have we can still do it why is that so important to be number one has to be he has to be one of the one better be as we think about. the americans as being some kind. of world police you know you think about

us dick 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 did you think this is maybe another reason that we're doing it one reason only. 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. had maybe our priorities just aren't the same so you have all these countries in the middle east where the people are standing up against their government why aren't people in the u.s. standing up against their government saying hey bring our troops home i don't think that one day that will happen you know there was an arab spring maybe the america will have its own spring no matter how you feel about the imperialism of the united states the bottom line and let's face it it's not going to stop anytime soon.

the so-called the poor tree of death has been destroyed in a special operation of russia's north caucasus republic of dagestan around a dozen powerful only bombs were discovered in the underground compound that was hidden in a forest officials say the raid prevented terror attacks across the republican who saved many lives or the bombs have been destroyed a number of cell phones were also found that could have been used to trigger explosions the operation came about the suspects arrested in the same area also the news tonight sectarian clashes in northern lebanon killed seven people including a fourteen year old the government deployed troops in the city of tripoli to. event of violence from escalating between sunni and alawite muslims they clashed after protests over the rule of president assad in neighboring syria lebanese strongly against the regime there while the other white minority supporters sad who belongs to their denomination. nine of the killed in a suicide attack on

a police station in central kabul three insurgents dressed in military uniform stormed the building near the presidential palace with one blowing himself up while the others opened fire on offices the taliban says it was responsible and that attack follows the disclosure by afghan president hamid karzai that the u.s. was in secret talks with the militant group open when a decade of conflict after the american led invasion. were called you can be contaminating water at japan's fukushima nuclear plants been halted after radiation surged well above safe levels authorities are anxious that the water inside the damage facility could spread further radiation into the environment meanwhile the u.n. atomic energy agency report criticized your pan for failing to put essential safety measures in place in the wake of the disaster. bad weather in china at least eight more people have been killed by lightning strikes and floods as heavy rains continue to bow out of the south over one hundred seventy are already dead or missing after some of the worst rains in half a century flooding is already forced nearly seven hundred thousand people from

their homes the disaster alerts been raised to the highest level possible as the rains are expected to continue. a study by a plane has plunged into a river while performing at an air show in poland kills the pilot the man who was the only person on board was an award winning aerobatics expert in commercial airline pilot shore guys to say it's too early to say what caused the plane to crash. when it comes to devout religious worship the russian orthodox church will it seems go to the ends of the very earth for its faithful flock r.t. shaun thomas reports next than on the saintly side to the south pole. perched atop a picture ask a rocky hill overlooking the sea so it's a typical end of 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 here was not an easy operation. in two thousand and two they built the temple from the cedar tree and the church was built and it sat there for a while until the end of two thousand and three they numbered all the parts every beam was disassembled and they transported it to kaliningrad from there it was shipped all the way here to antarctica since feb fifteenth two thousand and four the church has been officially up and running with the orthodox church providing a staff of two specially trained monks each year but given the extreme climate in which they operate they face extreme challenges as well. because the conditions in antarctica are unusual with strong winds we need to hold back the power of the wind with strong tight walls and special chang's sometimes the rain here comes out as horizontally with the wind so that the water is not is coming through the cracks but also it can climb up puts 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 king george island is a russian orthodox church and it's a fully functioning facility even performing rare matrimonial honors for those. machines and when. i came here for a long stay sixteen months and i had no idea that there were. as 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. not inscribed line are one of only two couples to have been married

here at trinity making their marriage a part of antarctic history in antarctica sean thomas. as catch up with the transit i was in some pain is. 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 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 this he believes that 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 very more capital a differing opinion as a space in the congested downtown order to bring more economic growth to moscow and

really establish what is as i had 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. was referred to actually here in the forum as well as the like is it the structure of the legal system. in the russia i think i guess what he's supposed to make sure that there is season this. gaze this is this is the business one thing was the government sold so this i think it will become much of a financial sense. but jack are enough from elbrus capital management believes it's also important to boost domestic capital in russia so i would like to me do three points to. one weakness of the russian financial system which has to be addressed

and it's very unique looking. at global perspective no other major economy in the world such a tremendous lack of what that means to capital for the. financial market being got a clue to solve problems in that sense russia is very unique we were truly no president some noises of the sort of push mutual funds which would provide them a stick up for the support equity markets there to provide liquidity for and i think that's a very specific the mystic problem the go forward to say after the press you know the provide. for success for the craving for nationals. 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 of philips 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 spanish prime minister is up at taro in st petersburg for our work on the conference and in russia in spain. working on contracts that were worth some eight hundred million euros when they put pen to paper here in st petersburg all mung 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 our t.v. stay with us headlines up next. down

the official antti hopefully cation to on the phone the i pod touch from the choose ups to. watch on t.v. life on the go. video on demand. minefield costs and already says feeds now with the palm of your. question on the dot com.

so much brighter than. the sun from phones to christians. these firms starts on t.v. dot com. today children play war in the old case me. nine hundred forty one these walls were the first barriers and announce the troops on their way to moscow and. funders embrace those were done one by one under seize the salt. water. cooler. in the last shelter an unnamed soldier left a few simple words very well mother i'm dying but i'm not surrendering.

we'll. bring you the latest in science and technology from the realms of. the future coverage. wealthy british science.

market. find out what's really happening to the global economy with much stronger or a no holds barred look at the global financial headlines kaiser reports. internationally from moscow thanks for being with us our top stories now the e.u. agonizes over curbing its catastrophic debt and ballooning bailout budget as other countries want to see get to join the bloc have second thoughts. meanwhile are some papers but international economic forum has been discussing how to avoid another global economic meltdown and encourage major firms to take a fresh look at the new horizons for investors in russia. let me take it. around the most suddenly russian orthodox church built in

a place you'd least expect. time to dash the snow you stereotype that most people apply to russia and i was with meet the bikini clad bathers of the black sea results next. if you're taking your 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 krisna dollar 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. this is the longest developed embankments in europe fourteen kilometers of it and

in the middle is this lady a white bra it 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 caucasian 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 into a cable car. is the way through it. straight up. do you get a pretty good view on the way up here but i think i want to go just a little bit higher and also it's an excuse to visit there as well ok you can find the black seas equivalent of the london eye although admittedly this is a little more retro. going to the most technologically advanced roy this one safety

equipment.