it's. agonizes over countless tropic deserts and a looming brother bailout budget people in cherokee the ones who harbor dreams of joining the blog i think you need to refrain poor poor why. meanwhile the same thing is the audience our economic forum has been discussing how to avoid another global economic meltdown and encouraging major funds to take a fresh look i've been new horizons for investors in russia. one hundred bring you to the end of that i've done talk to the most southerly brush it looks church building the place to give you the streets back.

and a very warm welcome from all of the team also this is i see with music thanks for joining its economic time all in the eurozone is tearing up turkey from joining the european union again in paul's suggest that the country wants so keen to join is having second thoughts with its own economy booming while the e.u. uses impale it's gotten explains why tech is gone cold on the idea. if you talked about turkey in the e.u. ten years ago turkey's hopes of joining would have been inseparable from joining the euro but not anymore turkey's attitude in short can be summed up very simply very glad you're not part of the year right now turks on the street seem to have a wide range of opinions on the euro but their country's doorstep europe's economy

is worse now turkey says improving turkey is improving in all fields but europe is going backwards so we don't really come. to fish people are using the year as an investment or earn money here is a more reliable and piggish people don't want to save their money in the year. if you invest in your rose you get more than he was also stronger than dollars having said that i don't want to risk investing. but academics analyzing public opinion have found a common logic in decisions about the euro people polled don't care about wider economics but about their own personal finance its. economy is actually beyond the. fact that. you're a skeptic or you're a fire the public opinion analysts are 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 labor the freedom of service you know service these are all integrated in.

it's not only you know exchange of money or turks 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. and others economic disasters have meant appeals for bailouts this makes it difficult for national governments to you friend. possibly pouring more money into the coffers of irresponsible or inefficient members within creasing tension in the economic mismanagement some forsee big problems ahead because i mean corporation. based

on a single currency in europe. is. going to be history in the future meaning that turkey will likely remain independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seemed like a good idea but with all the riches here it's not so in europe you know longer seems like such a profitable move some bason r.t. istanbul turkey. and while the u.s. struggles to pull its members out of a destructive default spiral the country is what stuck to their own currencies are breathing a sigh of relief and that's a view from germany which has always been a chief proponent of. those european nations that are not the will. go there the right thing. to 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 it's wrong their mind. we just wait until this is some sort of. tripoli canonical you know because both of these things like an economist i think is trying to suppress solution because. once you know you. really love and once you can do that once you've done all you you can regain your competitiveness of the international market this i would call it was the example of projects you know which broke out of the monetary union with the u.s. dollar as the. in a few minutes this hour the highly qualified people destined for a low quality life china produces more university graduates than it had a prior period churning out thousands of the actually worthless degrees every year

. how to avoid economic meltdown that's been the latest topic for discussion to be international economic forum think because barack the gathering of rock sap on sunday right also dealt with the horizons for investment in russia and how to give developing countries more clout in the international monetary fund and of all bank and he said now i want to perform. of course the main topic at a session on cultural financing with european officials there is going to be the girl crisis but what has to be aside from the two officials in the president's face prime minister post stated that it's not a euro crisis that the separate countries in the eurozone are having crises and they kind of outlined that because about the euro crisis of the currency being weak it's really as they see it the currency is very strong that could of course be too faded from the president was that sound and president medvedev we heard a little less optimistic things about our bureau saying that it could be expected

that when so many different states get together and share one car and see that eventually they're going to run into problems overall how fifty seven the session went pretty optimistically resumes that if 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 our really experts in these officials are looking at the economy and optimistic that eventually they will somehow get out of that the main challenge though they hear of the european union i should say and russia and countries like kazakhstan are facing is not to allow the euro crisis to affect their trade and that's really what was the focus at this final session it has to be said as well though that the final question actually from the moderator wasn't in fact about money it was the question that was really on everyone's mind and would it come up before the end of the forum and that of course is whether or not president makes a difference going to run for reelection here is what he. should do but when i

consider it a trooper to tell you whether i will do it or not i will come out and say yes 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 i'm the anyone else who's interested in my decision so secret that president medvedev may want for our presidents and if you're wrong. the real action will certainly be modernization that's what he's hoping this forum with and this is the best place to really work you tell on projects like spoke over the plans to build a somewhat like silicone valley institute just outside moscow it's owner way of development a lot of c.e.o.'s of 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 both of i work you signed 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 manner present the way they think that it should be done. and move from saying because that in our business bulletin in about ten minutes and on the way how to get to live to the frost. this russian orthodox church has wandered far from its whole month on promise or three go and coming up on our three we explore the world the southern most the russian orthodox church. the syrian regime has apparently started an operation to prevent people from fleeing violence in the country troops punished by turns have swept into a town very close to the tankers or border to stem the flow of refugees to taki human minds activists say the action will prevent food and water reaching some tips aus and displaced people meanwhile the user lining up a third round of sanctions likely to target companies with syrian dealings the us

and discussed possible pressure on damascus at the united nations with russia but most could see her as one by any resolution that may bring military action need leasebacks that college child rose says that all me any armed intervention would be counterproductive. although it's local for 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 us is caught between wanting to be at the 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. could have been if you like played a more consistent role in foreign policy hasn't but is also

a new sort of intervention there with. which is based purely on this desire for stability is to be counterproductive. as bronchodilator good feed for growing into libya without asking congress we asked people in new york whether it was worth it. to wait some. of the lives of young people you know did you think this is maybe another reason that we're doing it was the reason all the oil that. this and other takes on america's military motivations has gathered by the president and if you. china's economy with double digit growth has been the enemy of rapid expansion of universities in the country means some cities are now i watch with too many graduates. new jobs and remote and it's going.

despite the global slowdown china's economy is booming and that cities are expanding at a seemingly unstoppable pace as people look to leave the pool 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. arriving to find their degrees are virtually 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 ends that

are suffering or forcing my parents and sister went through a lot of hardship to see if the money if it put me through university i studied hard and did part time jobs to support myself and i thought 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 were producing eight hundred thirty thousand graduates a year and two thousand and ten number was six million and it's still growing a lot that on the one hand chinese universities are already in a weak state we lead in 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 and tribal areas the government is now looking to take action measures being discussed include limiting residence permits to skilled professionals and introducing electronic id cards for outsiders without a stable job however with the number of graduates entering the workforce set to continue rising there seems little hope insights for china's own tribes and remorse and r.t. beijing. and we are online all the time at r.t. dot com where the wealth of stories and media is to be to discover if they can. moving house and of course it's a chat show where there is a reading out unfair to russia to bring to light even the most isolated lashing. out in american foreign tycoons says there's always room for wiener and makes him not fair to facts kind of potential.

for if if. if. he'd. tunisia is ready to host a round table talks between colonel gadhafi and opposition rebels the kremlin special envoy and he says negotiations will only happen on the island of russia and the african union mediator between both sides according to a bet if the rebels see russia as a key partner in overseeing the possible talks hundreds have died and both need to ask trikes and violence between gadhafi forces and rebels in recent months nato has also expressed regret after accidentally targeting opposition forces in the oil city of brega which has been seen fierce fighting casualty details have been given to nato campaign has also come under pressure in washington where president obama has been accused of breaking american law by not asking congress for permission to

extend u.s. military involvement the white house says it doesn't need. while the u.s. employment in the middle east conflict has drawn harsh criticism in america from some quarters in a country where area of yet more long drawn out military campaigns far from home and our resident reporter in new york newark often is has been on the streets asking people that use. we're number one in the world and we give 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 of the one better be. the americans as being some kind of. world police you know even about. yes you don't think there's any altieri motives. none at all no oil interests no economic interests

no i don't know what do we want to accomplish that. just the safety of the choice of money and in the lives of young people did you think there's maybe another reason for doing it of course one reason only zero or whatever reason i don't think it's logical out of the 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. the media 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 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 laboratory of death has been destroyed in

a special operation russians and of course is republic of dagestan around a dozen powerful homemade bombs were discovered in the underground compound that was hidden in a forest officials say the raid prevent attacks across the republic has saved many lives all the bones have been destroyed and i'm sure of cell phones were also found which could have been keys to trigger margins they were rationed. after a terror suspect was arrested in the same area. and also in the news tonight seven people including a fourteen year old girl have died in sectarian clashes in northern lebanon to the rest in syria they've been a sunni muslims that strongly opposed president assad clashed with members of the other white minority who support him as their religion yvonne has followed the latest demonstrations against the damascus regime across the border now that he's troops have been deployed in the city of tripoli to prevent more cannot choose.

nine people have been killed and it's so sad it's heart 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 officers they tired of and says it was responsible that follows the disclosure by our going president hamid karzai that the u.s. was in secret talks with the militant group hoping to end a decade of conflict following the american led invasion. work on decontaminating walls had japan's fukushima nuclear plant has been halted after radiation surged well about say levels of thought is that the water inside the damaged facility could spread further contamination into the environment meanwhile if you are an atomic energy agency report criticized japan for failing to put essential safety measures in place in the wake of the disaster. at least eight people have been killed by lightning strikes and lives as heavy rains continue to

batter the south of china over one hundred seventy are already died or missing after some of the worst of rains in harvest century flooding has already forced nearly seven hundred thousand people from that disaster and that has been raised to the highest level as the rains are expected to continue. its time to buy a plane has plunged into rebar while performing at asho in poland killing the pilot the man who was the only person on board was an award winning aerobatics expert and a commercial airline pilot airshow organizers say it's too early to say what caused the plane to crash. because this continent on earth antarctica will look like parts of russian winter that's nothing to do with the snow and ice but because it's also home to a russian orthodox church and about as unlikely as far away a place as one would expect trying thomas reports now from downtown and. perched atop a picture ask a rocky hill overlooking the scene it's

a typical any time the russian orthodox church though this scene looks like it could be taken right out of a siberian picture book think again. but the word 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. if they don't go through 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 water is not just coming through the cracks but also we comply mumford's to leak inside. and out 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 good in a russian architectural tradition. more than just a popular tourist destination the building at thousand. island is a gem of the russian orthodox church and it's a boy branch of infertility even performing rare matrimonial honors for those. well . 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. went to visit certain 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 don't have our wedding in this church. also insert one or one of only two couples to have get married here trinity making their marriage a part of antarctic history in antarctica seans on a spot of tea. and in a few moments the significance of the new south stream gas pipeline is in the spotlight but before that the business update with mattresses that i think it is about international economics or. that's right these are the days when the sun doesn't set on russia's northern copyable but it is going down on russia's on the st petersburg international economic forum or president to be true medvedev kept off the entire event with

a address during a panel discussion that he shared with the president of finland and 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 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 a 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. the t.v. capital who believes that it is a key thing. if you create a good environment for international work in the city center of moscow. i believe one of the main challenges. will be for that i should be here in the forum as well as the that is the structure of the legal system. in russia i think a nice and this piece of it is to make sure that there is easing this.

gaze this business is to do business also the one thing was the government souls this i think the school will become much of a financial center. but jack are now off from elbrus capital management believes it's also important to boost a message to capital in russia i would like to immediately points to. one weakness of the russian national 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 luck for the mystic capital of the of financial markets being of a quickie so they need that sense right she's very unique we were truly no present was always the sort of patient mutual funds which would provide the mystique of hope to support equity markets there to provide liquidity for the i think that's a very specific domestic problem to afford to sell food for as you know the provide

for successfully creating a financial service 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 to 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 eco system 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 our t.v. stay with us headlines up next. children plea war in the old piece of meat.

but in june nine hundred forty one these walls were the first barrier fell and as the troops on their way to moscow. sutter's arrests were dying one by one under siege the son. was. ok. in the last shelter an unnamed soldier left a few simple words farewell model i'm dying but i'm not so many. wealthy british style such. as.