living. thing. one thing everyone does agree on is the mess the eurozone is in whereas turkey's economy grew nine percent last year and over ten percent in the first quarter of this year europe especially southern europe has come to the point of catastrophe because of excessive borrowing greece has so far been the worst hit it sound others economic disasters have meant appeals for bailouts this makes it difficult for national governments to defend. be pouring more money into the coffers of irresponsible or inefficient members within creasing tension in the economic mismanagement some for see 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 for

some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seemed like a good idea but with all the riches here it's not in europe no longer seems like such a profitable move tom barton r.t. istanbul turkey then while the he struggles to pull its members out of a destructive default spiral the countries which stuck to their own currencies are breathing a sigh of relief. from germany which has always been the chief proponent of the you rick. those european nations that are not the you're well no but former. the right thing whether it be 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. as that is like you know like stronger minded

you know major league of weight into the system but if you want to be truly economic you know. it seems like an economist i think is trust the best solution because. once you know you really love and once you can do that once your value you can retain 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 that's the beauty of the us that could in a few minutes behind one of find people that don't follow quality line china's boom produces more university graduates than it can cope with churning out thousands of virtually worthless degrees every year. how to avoid enough economic meltdown that's been the latest topic for discussion at the international economic forum in st peter's by the gathering of wrapped up on saturday where it also dealt

with the horizons for investment in russia and how to keep developing countries more clout in the international monetary fund and while bank and he said now it is at the farm. full force the main topic at a session on global financing with european officials there's 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 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 peter's for one day but on the first day of the form you have beautiful sunshine on the next day you have rain and that's how really 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 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 medvedev 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 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 madrid gives me a platform 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 spoke about what's the plan to build someone like silicone 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 spoke about working side by side with them to make sure that this project moves and develops the sickly as possible so it's a great venue for the movers and shakers as we call them to really get together with these officials and in a very informal matter proves that the way they think that it should be done. and

will from st petersburg now business bulletin in about fifteen minutes on the way how to get a facelift in the frost. this russian orthodox church has wandered far from its home on john thomas the go and coming up on r.t. we explore the world the southern most russian orthodox church. the syrian regime has apparently started an operation to prevent people from fleeing violence in the country troops bonded by tongues have swept into a town very close to the turkish border to stem the flow of refugees to tackle human rights activists say the action will prevent food and water reaching some two thousand displaced people meanwhile be lining up the thread round of sanctions like you to tanya companies would see when dealing with 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 sharrow says that any armed intervention would be counterproductive. all that torkel for exporting democracy. and all that sort of reaching 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 and syria which in my view is completely unjustified it's not necessarily going to turn into a fundamentalist islamic state or anything like what we are seeing there are really for freedom and democracy and. could have been if you like played a more consistent role in foreign policy hasn't done but is also a new sort of intervention there with. which is based purely on this desire for stability is to be counterproductive. to come out of barack

obama get sued for going into media without asking congress wealthy people in new york whether he was. a waste of money the lives of young people do you think this is maybe another reason that we're doing the reason only. takes on america's military motivations have gathered by the president if you. are. china's economy with double digit digit growth has been the envy of many but a rapid expansion of the universe as it is in the country means santa cities are now awash with too many quiet chits looking for t.v. jobs and remote and story. 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 that 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 tribes and there are thought to be more than one hundred thousand living in beijing alone in june chine is one such aunt who 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 aunts that are suffering or forcing my parents and sister went through a lot of hardship to see of the money that put me through university i studied hard

and did part time jobs to support myself you know the all i can find is unskilled part time work so i really feel like i'm letting them dying off. 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. on the one hand surely as 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 who cannot do think for themselves who is 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 and remorse and r.t. beijing. and we are online all the time at r.t. dot com here with a wealth of stories and b.d. is to discover it so let's take a look. at moving heaven across to have this chat show where all things revving up in central russia to bring their life to even the most isolated. and an american tycoon says there's always room in there and makes in all that effects kind of politician if. if

. tinnies is ready to host a round table talks between colonel gadhafi and opposition rebels the quenton special envoy. to gallup says negotiations will only happen on the island of aruba if russia and african union mediate between both sides according to him again the rebels see russia as a key partner in seeing the possible talks hundreds have died by its nato airstrikes and violence between khadafi forces and rebels in recent months nato has also expressed regret after accidentally targeting opposition forces in the oil city of brega which has seen fierce fighting casualty details are being given the nato campaign has also come under pressure in washington what president obama has been accusing of breaking have been accused of breaking american by asking congress for permission to extend u.s. military involvement the white house says it doesn't news approval. so u.s.

involvement in the middle east conflict has drawn harsh criticism in america from some quarters in a country where you get more out of military campaigns far from home and our residents reporter in new york laurie how often it has been on the streets asking people to have. 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 he has to be one no 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. none at all no oil interests no economic interests no no i don't know what do we want to accomplish that. just the

safety of the people to which the money and the lives of the young people you know who do you think there's maybe another reason we're doing it one reason only zero or whatever the 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. 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 are 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 that 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 it it's not going to stop anytime soon. a so-called liberal tree of death has been destroyed in a special operation russia's north caucasus republic of dagestan and around a dozen powerful homemade bombs were discovered in the underground compound that

was hit in the forest officials say they read the raid prevent attacks across the republic and have saved many lives or the bones have been destroyed a number of cell phones were also found which could have been used to trigger explosion gracious. after a terror suspect was arrested in the same area. also in the news tonight seven people including a fourteen year old girl have died in terror in clashes in northern lebanon links to the unrest in syria lebanese sunni muslims who strongly opposed syrian president assad clashed with members of the other white minority who support him as he shares their religion the violence followed the latest demonstrations against the damascus regime across the border lebanese troops have been deployed in the city of tripoli to prevent more clashes. and people have been killed in a suicide attack on a police station in central kabul three insurgents dressed in military uniforms

stormed the building near the presidential palace with one blowing himself while the others opened fire on the offices the taliban says it was responsible so tight follows the disclosure by afghan president hamid karzai that the u.s. was in secret talks with the militant group hoping to and a decade of conflict following the american led invasion. work on decontaminating. fukushima nuclear plant has been halted after radiation surged well about safe levels also the water inside the damaged vicinity could spread further contamination into the environment so i mean while you on atomic energy agency report has criticized japan for failing to good essential safety measures in place in the wake of the disaster. at least eight move people have been killed by lightning strikes and floods as heavy rains continue to batter the south of china over one hundred seventy already dead or missing after

some of the worst rains in half a century flooding has already forced nearly seven hundred thousand people from their homes the disaster has been raised to the highest level as the rains are expected to continue. just. by plane has plunged into every boat while performing as michele in poland killing the pilot the man who was the only person on board was an award winning arab batiks x. and commercial airline pilot as organizers say it's to early to say what caused the plane to crash. the coldest continent on earth and turned to look like parts of russian winter and that's nothing to do with the snow and ice but because it's also home to a russian orthodox church and about every likely as far away a place as one would expect and thomas reports from downtown are. perched atop a picturesque 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. the world this is important so far this is the only antarctic station that has a russian orthodox church. in fact the trinity church is the southernmost russian orthodox church on the planet and getting it here was not an easy operation. 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 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 blowing so that the water is not just coming through the cracks but also we can climb up words to leak inside. now to. the 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 billings house and 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 lucky in love and. 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 promised atlanta that i would 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. are one of only two couples to have been married here at trinity making very marriage a part of antarctic history in antarctica sean thomas. and more trial of the head this next half hour to take a trip around the capital and if you minutes when we explore a picturesque ring road that's definitely an eye opener but transit in st peter's got before that with all that thing happening at the international economic forum. 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. 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 as i've said europe's largest city as a major financial hub not just a regional one we talk more about this with. 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. will be for that actually here in the forum as well as the like of his people to structure the legal system. in the russia i think i

guess is what he's supposed to make sure that there is season s. . he gaze in this business is to do business and also the one thing was the government soldiers 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 that i could to solve problems in that sense russia is very unique we were truly no present some noises of the sort of. mutual funds which would provide the mystic up to support equity markets and to provide liquidity for the and i think that's a very specific domestic problem go forward to set up to chris 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 just 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 spanish prime minister is up at taro 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 among them the countries will jointly build new trains and they are working to develop oil and gas here in russia so that's new business and investment coming into the country always

a good thing for the leadership here russia and spain aiming to boost trade to about ten billion dollars a year or so a lot of big business coming out of out of the st petersburg international economic forum on day three of the gathering and that's the business news here on our t.v. stay with us headlines up next.

one stream cascading from mom slopes of you is miss moments in. this beauty brings death and a speed of more than two hundred kilometers per. step along. more news today violence is once again flared up. and these are the images the world has been seeing from the streets of canada. china corporations rule the day.

hello again this is coming to you live from the headlines of. the e.u. agonizes over curbing is catastrophic does and ballooning. as other countries once you get to join the blog have second thoughts. meanwhile this same debate is about economic. forum has been discussing how to avoid another global economic meltdown and encouraging major promise to take a fresh food at the new horizons for investors in russia. under the beacon for tentative peace and leave their skin easy office and not end when you put talks between colonel gadhafi and opposition rebels in the kremlin

a special envoy to media says however that's a mediation role for russia on the african union is when he gave stations to proceed. right now and north. next as modern andrus explores arguably one of the most picturesque roads you'll find. hello and welcome to the moscow outsell in the program this week i'll be exploring the capitals. approximately sixteen kilometers. it was a recently created in the face of hundreds as a tree lined boulevard to a place the city's outer wall today is undeniably the heartbeat of the russian

capital. right next to the moscow river at the famous public outdoor space. the golden ring consists of seventeen individually named streets and squares. it's not the same circular layout as the moscow metro the mistake many people commonly make the brown line actually overlaps it in several areas and features metro stations outside the facility also known as the cell to a console in russian no visit to the russian capital and celtic golden ring road to a starting point a cool keep the outdoor amusement park was named after the writer maxine gorky. bluefins in one hundred twenty eight in covering an area of three hundred acres along the river the outer space is currently undergoing a major renovation it's the perfect place to relax in the city and the perfect place to start out. moving anticlockwise around the ring with possibly sky and head towards. the station where you can catch the express train to the airport

looking cycling.