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 do for. me pouring more money into the coffers of responsible 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 independent trader for some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe but one seems like

a good idea but with all the riches here it's not in europe no longer seems like such a profitable move tom barton r.t. istanbul turkey. and while they use trying to pull its members out of a destructive default spiral the countries which talk to their own currencies are breathing a sigh of relief for the year from germany which has always been the chief proponent of the. those european nations that are not the your will no be much firmer much more because there's the right thing whether they're trying to your there's no way we can avoid a default it will have to be done. with by the european community everybody together if the greeks leave. as that is like you know it's stronger mind you know major league of weight into the system but if you want to be truly economic you know you cannot become both these things like an economist i think is

trying to suppress 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 as the be. the his house he and in a few minutes be highly qualified people death didn't follow quality of life china is being produces more university graduates and it can't cope with. churning out thousands of actually worth of degrees every day. how to avoid another economic meltdown that's been the latest topic for discussion at the international economic forum in st because that the gathering wrapped up on saturday night also dealt with the horizon for investment in russia and how to keep developing countries more clout in the international monetary fund and world bank

and he said now it was at the fore. 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 finland's 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 back 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 of the session went pretty optimistically president medvedev for taking 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 and 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 it the main challenge though that you are of the european union i should say and russia and countries like cause accent 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 would say david 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 i will come out and say it but this forum is not the best place for that one thing you can be sure of is that i would be able to avoid making that statement i will have to tell the people of russia and anyone else who's interested about my decision so secret that president medvedev

may want for him as president and if you run. 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 local 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 saying it is the business bulletin in about fifteen minutes time. on the way

how to get at lived in the frost. this russian orthodox church has wandered far from its home on song thomas and hard to go and coming up on our tour 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 beyond my tongue's have swept into town very close to the texas border to stem the flow of refugees to taking human rights activists say the action will prevent food and water reaching some two thousand displaced people meanwhile the use lining up the said round of sanctions likely to target companies with syrian dealings was discussed possible pressure on damascus said the united nations with russia but also says it won't back any resolution that may bring military action and middle east expert says that any intervention would

be counterproductive. all that the local for exporting democracy. and all that sort of preaching the rest of the world i find is highly inconsistent and is hypocritical and in the case of syria in particular i think the u.s. is caught between wanting to be out but at the 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 that what we are seeing there are really for freedom and democracy and. why. if you like play the more consistent role in foreign policy hasn't done but is also a new sort of intervention. which is based purely on this desire for stability is bound to be counterproductive. to. get sued for going into

libya without asking congress we asked people whether it was. a way to. go lives of young people you know do you think there's maybe another reason that we're doing it the reason all of you are or is it. that the takes an american military motivation has gathered by the resident in a few minutes. china's economy with double digit growth has been the envy of many but a rapid expansion of universities in the country means cities are now awash with too many graduates looking for too few jobs and remoter story. despite the global slowdown china's economy is booming and cities are expanding at a seemingly unstoppable pace as people look to leave the poor rule 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 how. many are arriving to find their degrees of furch lee 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 ants that are suffering or forcing my appearance and sister went through a lot of hardship to save the money that put me through university i studied hard and did part time jobs to support myself you know though all i can find is unskilled part time work so i really feel like i'm letting them in dying. part of

the problem is that there are simply too many university graduates now entering the system in one thousand nine hundred eighty two when the government began to seriously look at expanding higher education chinese universities that were producing eight hundred thirty thousand graduates a year in two thousand and ten that number was six million and it's still growing. at that on the one hand china's universities are already in a weak state we need them weaker with an over rapid expansion so the education received by many of today's graduates has been very poor on the other we have a whole generation who are used to having everything going for them you cannot do 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 id cards for outsiders without

a stable job however with the number of graduates entering the workforce to continue rising there seems little hope in sight for china's own tribe's. beijing. and we are online all the time at r.t. dot com with a wealth of stories and videos for you to discover that have a. movie house and across our face charges we all there's a reading out in front on russia to bring to life to even the most isolated wash. and an american porn tycoon there's always room for wiener and makes an offer to the sex scandal. ready to host a round table talks between colonel gadhafi and opposition rebels the kremlin

special envoy only barely hailed gallup says negotiations will only happen on the island of russia and the african union mediator between both sides according to the rebel theory russia as a key partner in overseeing the possible talks hundreds have died in both nato airstrikes 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 i think he is fighting no casualty details have been given the nato campaign has also come under pressure in washington where president obama has been accused of breaking american nor by not asking congress for permission to extend u.s. military involvement the white house says it doesn't need approval. he has involvement in the middle east conflict has drawn harsh criticism in america from some quarters in a country where we have had more long drawn out military campaigns far from home and our resident reporter a new yorker who are often it has been on the streets asking people that.

we're number one in the world are we going usa house to show the world we can still do it even though the economy is not the best we can have we can still do it why is that so important to be number one has to be the house would be one number one better be as we think about. the americans as being some kind of. world police. even get out through a stick yes you don't think there's any altieri motive. none at all no oil interest no economic interest 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 that we're doing it of course and 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. and 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 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. so-called laboratory of death has been destroyed in a special operation in russia's north caucasus republic of dagestan and around a dozen. homemade bombs were discovered in the underground compound that was hit in the forest officials say the raid preventive terror acts across the republic and her saved many lives all 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 terror suspect was arrested in the same area. also in the news this hour seven people including a fourteen year old girl have died in sectarian clashes in northern lebanon brings to the unrest in syria lebanese sunni muslims was told we approached syrian president assad clashed with members of the other white minority who support him as he shares their region 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 clutch. i've been told an associate attack on a police station in central kabul three soldiers dressed in military uniforms stormers the building in the presidential palace with one blowing himself up with others while others opened fire on offices that have been and says they target been rather says it was responsible that top follows the disclosure by our then 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. appeased eight new people have been killed by lightning strikes and floods as heavy rains continue to bow to 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 force nearly seven hundred thousand people from the disaster that has been raised to the highest level as the rains are expected to continue. and appeals court and 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 is serving twenty six years after she and her italian ex-boyfriend were convicted of murder and affectionate assault. along with a month from the ivory coast rue de de de soto by prison inmates including achieve a child killer said that date told them. had nothing to do with a. murdered woman say the evidence from serious criminals is baseless.

that stunned by the blade has plunged into a revolt while the filming at a national in poland killing the pilot the man who was the only person on board was an award winning arab outtakes expert and commercial airline pilot so i should organizers say it's too early to say what caused the plane to crash. the coldest continent on earth antarctic i 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 thomas reports now from downtown and. perched atop a picture ask a rocky hill overlooking the sea so it's a typical and a tiny russian orthodox church so this scene looks like it could be taken right out of a siberian picture book think again. at the work 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. though 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 february 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 it can climb up which to leak inside. now trinity church has become a sort of and article landmark even becoming somewhat of a tourist destination for v.i.p.'s and diplomats. no matter who visits this church they always say it's beautiful it's a remarkable church made out of wood in a russian architectural tradition. more than just a popular tourist destination the building at. george island is a gem of the russian orthodox church and it's a fully functioning facility even performing rare matrimonial honors for those. i came here for a long stay sixteen months and i had no idea that there. 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. or inside line 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. trends a bit of all that thing happening at the international economic for. that's right these are the days when the sun doesn't set on russia's northern cop at all but it is going down on russia's on the st petersburg international economic forum or president dmitry medvedev capped off the entire event with a address during a panel discussion that he shared with the presidents of finland the prime minister of spain and the president of kazakhstan where they discuss the challenges facing the global economy the russian president called on all countries to jointly handle

challenges facing the global financial system and he said united efforts and policy will help pull countries out of the deadlock and the doldrums that are facing the global financial system he said a key priority for russia in this case is to integrate more with other countries in the global economy and foster better cooperation with all of them and part of that a keystone of all that he believes is the establishment of moscow europe's largest city as a major financial hub for the global financial system europe is looking toward is looking toward this he believes and he believes that moscow is uniquely positioned to provide that service he's proposed in this case to expand moscow's borders currently seeking to move the jobs of large institutions out towards the outskirts of the city and bring those outskirts of the city not currently incorporated as part of the city system in order to free up space in the city center and downtown for new business to go when there are more private business to bring more capital

and to free up congested space in the congested downtown order to bring more economic growth to moscow and really establish what is as i've said europe's largest city as a major financial hub not just a regional one we talk more about this with. from 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 before that actually here in the forum as well as the like is the infrastructure the legal system. in the russia i think in essence what he's supposed to make sure that there is season this. gaze and this business is to do business and also one thing the government souls this i think it will become much of a financial center. but jack are now off 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 it's such a tremendous lack of the mystic capital for the financial markets being got a quid to sell bonds and in that sense russia is very unique we virtually no present some noises to the sort of patient and mutual funds which would provide them a stickup hope to support the equity market there to provide liquidity for the and i think that's a very specific domestic problem go forward to set up the press you know the provide the background 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 about it to some seven billion

dollars worth of work that was accomplished here among the deals 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 zapatero 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.

bright. from things to question. for stocks on t.v. don't come.

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you're watching on t.v. coming to your line from also a quick check of the headlines. they have catastrophic downtown to ballooning as other countries are once eager to join the blog second fields. meanwhile these st petersburg international economic forum has been discussing how to avoid another global economic meltdown and encouraging major fans to take a fresh look at the new horizons the best is a rush. to beat him for the tentative piece in. the office and nine and then you put tolls between kind of a dot and opposition rebels it's also called for russia and african union to act as a mediator is the crimmins envoys touring the region in an effort to broker peace.

there is the headlines up next it sounds special report focuses on people who risked their lives in mountain regions to study out a launches. the cole open in chile are in russia's north home to the q.b. need massive mountain range this is the cold and windy bolshoi's would pass the snow here between one and a half and four meters deep avalanche safety specialists are probing the snow structure on one of the slopes. the top layer of snow drifts on a slope is unstable and skiers could trigger an avalanche shift attention those of you who are keen to scull mountain peaks please be careful. some avalanches a wet others a dry it all depends on the snows composition the speed of avalanches varies

between seventy and four hundred kilometers an hour man can do nothing in the face of tons of snow rushing down to such a velocity. and yet people do live in the mountains they study avalanches to be able to protect themselves from each year skiers and snowboarders tempt fate by taking to the mountain slopes. in this weather station in the q.b. massive is situations close to the town of one hundred fifty kilometers north of the arctic circle it is one of the instruments of the avalanche safety service it records dozens of readings several times a day snow and ground temperatures wind direction solar activity and precipitation all those factors affect the snow and its structure.