own 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 over economic mismanagement some forsee 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 and not in europe you no longer seems like such a profitable move tom barton r.t. istanbul turkey. and while the use trying to pull its members out of a destructive default spiral the countries which stocks are that own currencies are breathing a sigh of relief and that's a view from germany which has always been the chief proponent of the you read. those european nations that are not the your remarks from or. 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 straw in their mind you know major league of weight into this is them but if you want to be truly

economic you know i think about things like an economist i think is trust the best solution because. once you know you devalue 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. result here and in a few minutes the highly qualified people destined for a low quality. china's boom produces more university graduates that it can cope with churning out thousands of virtually worthless degrees every year. how to avoid another economic meltdown that's been the latest topic for discussion of the international economic forum in st pete us about the gathering wrapped up on saturday but also dealt with the horizon split investment in russia and how to give

developing countries more clout in the international monetary fund and world buying and he says now it was at the former. of course 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 presidents 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 it 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 the session went pretty opportunistically president medvedev pointing out that the economy is a lot like the weather here in st petersburg one day but on the first day of the

form you have beautiful sunshine on the next day you have rain and that's how really acts for us and these officials are looking at the economy and optimistic that eventually they will somehow i get out of it the main challenge so that europe they 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 has 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 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'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 cocoa by working side by side with them to make sure that this project moves and develops the simply as possible so it's a great venue for the movers and shakers as we call them to really get together with these officials and in a very informal matter present the way they think that it should be done. and move from st petersburg business bulletin and about ten minutes time. on the way how to

get a facelift and the problems. this russian orthodox church has wandered far from its home on john thomas in the go and coming up on r.t. we explore the world southern most the russian orthodox church. the syrian regime has apparently started an operation to prevent people from relieve violence in the country troops advance by tongues have swept into town very close to the texas 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 used lining up the said round of sanctions like you to target companies with sebring dealings these rights have discussed possible pressure on damascus and the united nations with russia but most of the senate won't back any resolution that may bring military action and me least act sharrow says that any armed intervention would be counterproductive. all that the local for exporting democracy and all that

sort of preaching rest of the world. 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 out 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 states 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 done but also a new sort of intervention there were doing which is based purely on this desire for stability is bound to be counterproductive. and still to come as barack obama get. into a leader with the congress we ask people what they want. to waste their

money in the lives of young people you know do you think there's maybe another reason why we're doing it the reason all the reason that they found other takes on america's military motivation has gathered by the resident. china's economy with double digit growth has been the envy of many rabbit persion of the university and the country means it is there now awash with too many graduates looking for t.v. jobs henry morton. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave their poor rural backgrounds behind in search of the chinese economic miracle and one of the largest groups of people currently moving into china's cities are university graduates like those

from this campus in downtown beijing however many are arriving to find their degrees of furtively worthless and the streets are paved with anything but gold these graduates often end up living in the most basic and squalid of conditions and forced to do menial jobs sociologists have dubbed them the ant tribes and there are thought to be more than one hundred thousand living in beijing alone in june 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 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. that it were 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 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 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 so we are in line all the time as our team got home with a wealth of stories and videos here to discover left ankle. moving have caused this church when all of this is revving up in federal russia to bring the lie to even the most isolated worship. and an american point tycoon says there's always room for a winner and everything up at a sex scandal politician. few . if. any. tunisia is ready to host roundtable talks between colonel gadhafi and opposition rebels the kremlin special envoy in need them again but says negotiations will only

happen on the island if russia and the african union mediate between both sides according to mark gallo of the rebels see russia as a key partner of the seeing the possible talks hundreds have died in both nato airstrikes and violence between the forces and rebels in recent months nato has also expressed regret after accidentally targeting opposition forces in the oil city of bragg which has been fierce which has seen about that the us fighting casualty details have been given the nature campaign has also come under pressure in washington president obama has been accused of breaking an american law by not asking congress for permission to extend to u.s. military involvement the white house says it doesn't need approval. for u.s. involvement in the middle east conflict has a joint harsh criticism in america from some quarters in a country where we have yet more long drawn out military campaigns far from home and our resident reporter in new york daily how often it has been on the streets

asking people that he. we're number one in the world or we can us a house to show the world we can still do it even though you're going to be some of 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 did you think there's maybe another reason we're doing it of course 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 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 liberal has been destroyed in a special operation in russia's north caucuses republic of dagestan around a dozen powerful homemade bombs were discovered in the underground compound that was hidden in a forest official say the raid prevent attacks across the republic and has saved many lives or the bombs have been destroyed a number of cell phones were also found which could have been used to trigger explosions the operation came about after

a terrorist. suspect was arrested in the same area. seven people including a fourteen year old girl have died in sick terry in clashes in northern lebanon links to the unrest in syria lebanese sunni muslims who strongly oppose syrian president assad and clashed with members all day on a wide minority who support him as they really turn 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. people have been killed in a suicide attack on a police station in central kabul three insurgents dressed in military uniforms stormed the building at the presidential palace with one blowing himself up while the others opened fire on offices they tunnel but says it was responsible that time follows the disclosure by afghan 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. least eight more 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 wasatch range that hop a century has a ready force nearly seven hundred thousand people from that the disaster that has been razed to the highest level as the grains expected to continue. an appeal court in italy has heard claims from five convicted prisoners that american amanda knox and her boyfriend did not kill a british student four years ago knox seven twenty six years after she and her attend an ex-boyfriend were convicted of murder and sexually assaulting meredith along with a month from the ivory coast rudy. my prison inmates including a child killer said that they told them knox and her partner had nothing to do with the killing however but lawyers for the murdered woman say the f.

. one theorist criminals with baseless. astounding biplane has plunged into everywhere while performing at a national in poland killing the pilot the man was only was the only person on board it was an award winning arab batiks act that and commercial airline pilot organized a save to early to say what caused the plane to crash. the coldest continent on earth antarctica and they look like part of russian winter that's nothing to do with this now and eyes because it's also home to a russian orthodox church and about as unlikely and far away a place as one would expect john thomas reports now from downtown and. perched atop a picturesque a rocky hill overlooking the sea so it's a typical end of tiny a 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 was not an easy operation. in two thousand and two they built the temple from the cedar tree and i'll tie the church was built and it sat there for a while until the end of two thousand and three they numbered all the parts every beam was disassembled and they transported it to kaliningrad from there it was shipped all the way here to antarctica since feb fifteenth two thousand and four the church has been officially up and running with the orthodox church providing a staff of two specially trained monks each year but given the extreme climate in which they operate they face extreme challenges as well. because the conditions in antarctica are unusual with strong winds we need to hold back the power of the wind with such strong tight walls and special chang's sometimes the rain here comes out as horizontally with the wind blowing so that the water is not is coming through

the crowd. but also we 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 billings 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 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. 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. and more travels ahead this next two so take a trip around the capital in a few minutes when we explore a picturesque rain road that's definitely an eye opener but i'm not trying to say that the same pit is that before that with all that's been happening at the international economic or. 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 those he believes and he believes that moscow is uniquely positioned to provide that service he's proposed in this case to expand moscow's borders currently seeking to move the jobs of large institutions out towards the outskirts of the city and bring those outskirts of the city not currently incorporated as

part of the city system in order to free up space in the city center and downtown for new business to go when there are more private business to bring more capital and to free up congested space in the congested downtown order to bring more economic growth to moscow and really establish what is as i'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. 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 is the infrastructure the legal system. in the russia i think a nice is what he's supposed to make sure that there is a nice. big a's in 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 market being got a quick useful policy and in that sense russia is very unique we were truly no present was always to the sort of. neutral forms which would provide them a stick up to support the equity markets and to provide liquidity for the and i think that's a very specific the mystic problem the go forward to stuff the threats you know the provide for success for the creating a financial center of 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 amounted 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 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 our t.v. stay with us headlines up next. we'll be. bringing you the latest in science and technology from the realms of

russia. we've got the future covered. one stream cascading from on the slopes to you is miss moments. but this beauty brings deaths and a speed of more than two hundred kilometers per. step along. wealthy british sign of the sun it's not time to time the time. marget why not. find out what's really happening to the global economy cause a report on. this

is see the headline. as other countries and once he get to join the broken record folds turned. into one of the st petersburg international economic forum has been discussing how to avoid another global economic meltdown and encouraging major consultation of the new horizons of investor from iraq. to be tentative peace in the media as to need an island venue for talks between kind of opposition rebels it's also called for russian and they offer as mediators of the kremlin's envoys touring the region in efforts to broker peace. right now i know randi of moscow next as los

angeles explodes on hugely one of the most picturesque roads you'll find. hello and welcome to the moscow out in the program this week i'll be exploring the capitals. approximately sixteen kilometers. it was recently created in the hundreds as a tree lined boulevard to replace the city's outer wall today it's undeniably the heart beats of the russian capital. right next to the moscow river at the famous public outdoor space hog. the golden ring consists of seventeen individually

named streets and squares. it's not the same circular layout as the moscow metro a 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 visitor to the russian capital the famous and chaotic golden ring road but it's all starting points. down to 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 our tour. moving anticlockwise around the ring. and head towards. the station where you can catch the express train to the airport king cycling or driving around the garden you'll see it's a cultural mishmash of apartment blocks shops and restaurants.