the powerful credit ratings agencies get a low score from germany if once they are influence curb after of a foot portugal at risk of a second bailout. facing out to europe sinking feeling the new i.m.f. chief sets out her stall but the media's eyes remain fixed on her precessing sleaze scandal. and arctic expansion as russia plans to ask the un to redraw borders have the energy rich in the north pole but for other countries laid claim to it. and the un's findings into last year's fatal gaza aid flotilla raid are due but israel refuses to apologize to turkey for killing nine of its citizens on board.

and is eighty on the russian capital you're watching r t with me wearing a joshie welcome to the program germany's finance minister wants to curb the power of the dominant credit rating agencies their verdicts can make or break economies most recently causing a euro stop plunge after downgrading portugal's debt to junk germany is at the heart of propping up failing nations but is now questioning whether the bailouts are legal for some economists the current strategy is just maintaining their pain. now looks like portugal will need a second bailed out at some point in the future and that it could default put it in the same sort of financial problem sector as greece and it could have same similar financial market response as the greek people so obviously there are similarities

but we do have to assess these countries on their independent characteristics the alternative is there will be a deep will in these countries at the moment the real approach just seems to be to lay it for as long as possible it's as if germany and france are dictating this and they are trying to protect their banks and delay the inevitable default so the banks will be able to withstand the shock when it does come over that is far from assured we've seen the rise of the euro and tea parties particularly in the with the true friends and with upcoming elections in germany and other countries it's likely we'll see similar results in these countries people growing very tired of underwriting with bailouts for these other countries. in all these countries and yet the people will continue increasing over the next year so the eventual restructuring eventually write down what you need to be taken or just get larger not to mention as we've already spoken about the political costs of continuing these bailouts and the austerity measures financial commentators have long

suggested that the euro zone's weaker economies which the currency online are t. here is a very different solution. it's a better solution if germany would withdraw from. it can as michael ross explains why the big boys to bow out exactly the time along with more insight on europe's financial woes. and cash strapped is giving christine legarde much to think about in her first days in charge of the i.m.f. she told reporters that she's picking up at a time from her previous answer a good deal where the problems and reforms that began under times watch christine freeze out says there's still more interest in muckraking than money matters. i from violence on the streets of the middle east coast. to protests in north africa to europe. or portugal's credit rating has been deemed junk.

and in greece the owner unemployment hovers at about sixteen percent and the debt crisis has sparked anger nearly all of this anger stemming from poverty and failed economic policies in the us as well high unemployment sits atop a mountain of problems like housing prices and slow financial growth. this is the world christine legarde inherits as she begins her new post as managing director of the international monetary fund and her first formal meeting with the press at the i.m.f. headquarters in washington she seemed optimistic in her hopes the international monetary fund is here to serve and to provide services to its hundred and eighty seven members it's not that the offensive news story by fill in on world com are unfitted you managing director of the i am there garner quite a bit of media attention most likely it had less to do with christine lagarde

herself and more to do with the reason why she's here. campbell what lessons do you think or to be drawn from the way the u.s. legal system handled distrust time case we could be any reforms in the human relay and human resources policies here you play in any changes and in light of the controversy over mr strauss kahn the controversy of course with dominique strauss kahn accused of raping a hotel maid in new york and that case now starting to crumble after it turned out the maid had credibility problems by bank of the i.m.f. were low guard will take over let me ask you about a couple of issues what worries you the most guarded her best to stay on message we cannot be only driven by the hope to reduce fiscal deficits and organize fiscal consolidation in a big way whether you look up advanced economies or whether you look at emerging

markets or low income countries the issue of employment. it is a critical one the one hundred eighty seven nation organization has already lent one hundred sixty billion dollars to cash strapped nations many of which have little hope for paying it back. so the real questions are manifested here on the streets of some of the nation suffering the most are expecting aid from the i.m.f. has been presented at times as the only option as austerity measures are now being put into place the questions too are in the dollar and how its value may or may not change under her watch for managing the debt crisis around the world will fall of the top of her agenda as the rest of the world watches with hope first ability in an unstable world in washington christine for south r.t. . well later today the kaiser report takes on the euro countries who are selling

the family silver to stay afloat. we're seeing the introduction of neo feudalism into europe as we've said all along sells. everything must go in great fire sale these nations are giving out income producing assets they're basically their tollbooths it's not capitalism exact has nothing to do with the apples and couples of the first competition if you're not allowed to compete because the state is orchestrating takeovers from foreign banks of your assets that's called an occupation. then when asked from russia and france have reportedly clashed over the libyan crisis at a closed door meeting of the un security council it's thought moscow lambasted the french decision to arm the answer get out the rebels in violation of the u.n. resolution or he's going to stick on takes

a look at details. but you know there was a discussion and russia says such actions violate the arms embargo that was imposed on b.b. and the weapons supplies also breached the un mandate that was given to establish a no fly zone and protect the libyan civilians the u.n. authorization was given in the middle of march and since then nato bombings have killed scores of league and civilians undermining the goal of the operation speaking those goals western powers have their logic of understanding the goals of the operation they say in order to protect the civilians they need to get rid of gadhafi in order to get rid of gadhafi they need to weaken his strongholds which means intense bombing of the country and that's what the forces are now actively engaged in but by no means alone they say will not bring it desirable and to the conflict which is al stink about the so there needs to be action on the ground but the u.n. resolution explicitly says no foreign troops on the ground in any form and that's why they arm the rebels according to france for example but critics say that logical change takes us very far from the initial goal stated in the u.n.

resolution which was to stop the massacre and nowhere in that resolution they did say of forceful regime change many say nato is actions that were meant to stop a massacre have brought about a lot of destruction not to mention that it's a direct and now a long lasting involvement in a civil war for as was the first to acknowledge weapons supplies to the rebels in libya we're talking about rocket launchers assault rifles machine guns and anti-tank missiles there are several aspects that analysts point out in france in this dispatch apart from the fact that he very clearly breaches the arms embargo that was imposed on the one their radical elements among among those revenues was wild and there are unlikely to for mercy for their opponents and those arms supplies most certainly inflame the situation even more and the way it was done in the weapons were parachuted from planes who knows who got ahold of them it could be kids it could be criminals but it seems nobody cares as long as the the rebellion and that's the phrase used by the french as the reasoning behind the airlift to boost the rebellion but many libyans now say the last thing they want is a boost to the civil war that has paid. so many lives that has for their country

apart. reporting there i still have for you this hour here in our why seeing the light could be deadly for air travelers such as passenger planes come under increasing attack from laser rule against or blinding pilots with powerful beams of light as the land plus. trackers in the world can do this in sixty minutes fortunately it's something to do in sixty seconds if you're just. catching and was computer hackers as mexican drug lords kidnapped. discussions over who owns the territory surrounding the north pole are coming to a point with russia planning to ask the u.n. to look at our borders has brought their request forward by two years as four other countries are up getting access to the arctic's natural riches our discussion is

our explains what the russians all about. striking gold in the cold yet another russian scientific expedition is making its way to the arctic ocean. will spend sixty days gathering evidence that could see russia significantly expand its territory. this show that russia should be expanded by one point two million. of its ten percent area at the moment russia's arctic area of responsibility is a sector stretching from the call up in insular to the bering strait but it's what lies beneath the ice that's the big prize here if russia can prove that the ocean floor is part of its continental shelf they will be getting much more than just new territory according to estimates the arctic seabed holds nineteen billion barrels of oil a vast treasure trove even though russia. that's basically. energy resources production is what. this untapped reserves of natural resources is

tempting to all states with arctic territory russia norway denmark the united states and canada are all staking claims and all five are locked in a tight race to gather evidence in support as some scientists warn that global warming could leave the region ice free in less than twenty years russia originally plans to file its claim with the united nations by twenty fourteen moving the deadline up by two hears is a clear cut sign the race is on and it's time to flex some arctic muscle. are to scrap. this cover more of our special reports on the arctic in our new oil launched sister channel r.t. . it's available on line a world press taking pictures and analysis of icy waters in the arctic sea as the web addresses are. dot com.

reported last on. asked mays gaza aid flotilla raid by israeli troops nine activists died when commandos stormed turkish ship delivering humanitarian supplies to blockade of palestinians scheduled release comes as more aid vessels try and reach the arab territory but last year's incident continues to drive a wedge between israel and turkey as policy or explains. today thursday is the deadline that the united nations gave itself to submit a report into last may's patella incident in which nine turkish citizens were killed while trying to break israel's blockade on gaza for the last few days is radiant turkish citizens have been eating around the clock in new york to try and reach some kind of formula that is acceptable to both sides at the heart of the just speech is it stumbles insistence that tel aviv apologize for its role in the bins it's a point israel has refused to do this offering instate with grateful the loss of life now the head of the commission jeffrey palmer has said regardless of whether or not both sides are able to reach some kind of quiet mutual agreement he is

issuing that report today piers day and this has been an impetus to both the israelis and church to try and on out the differences between simulation because most people do understand that if the report is issued with all of the conciliation it will be much harder will there be consideration to be made at a later date now it is also widely understood that the report is likely to uphold israel's illegal right to impose a naval blockade on gaza but at the same time it is likely to charge the israelis with using excessive force that is why hasn't indicated that it is prepared to pay compensation but as long as this doesn't create a place to go and open it up for food and such illegal claims post the reporting there our news is updated around the clock at r.t. dot com let's look at some of the other features you'll find there now. detained for clapping their hands police violently crackdown peaceful protests marking a pansy the capital of bel roads plus. for those who think the

future is for them to meet the russian scientists offering support for a lie but i certainly can see the for yourself the details are at our t.v. dot com. airliners are of their most vulnerable during takeoff and landing in. now there is an increasing threat from the ground from a beam of lights more than fifty planes in russia have had laser shell into the cockpit this year dazzling piles just when they need all their concentration that's going to reach all reports on the police on board who were gathered behind a potentially lethal lasers. very clear proof that the dazzle of a laser in the eye can be a major distraction before blur question ranald richmond and. the consequences could be catastrophic and someone a stronger well flying an aircraft with hundreds of passengers on board and

blinding pilots by laser beams has become an increasingly uses in russia over fifty attacks registered since the beginning of the year the latest incident was that the small. one the pilots of a tupolev process allied are writing from istanbul were best told by possible green light aimed at the aircraft by someone on the ground just minutes late and not that . lucky nothing at all but yet it's only a matter of time before that that accident occurs to me we were going to during landing just a hundred meters above the ground when we were only a kilometer away from the runway as a result we were in danger of losing control the crew was dazzled in the catastrophe could happen. in the worst case scenario pilots can land automatically but not full at all can learn on autopilot and even if they do those in the cold feet need to remain in control and be able to see. the effect of

a laser beam on a pilot can be compared to that of lightning it blinds you. potentially lethal laser guns imported from china can be bought in russia for as little as a hundred dollars firing a laser beam aspirants five kilometers they can burn through paper and even plastic in the us sales of such devices are banned russian legislators are also considering outlawing them and toughening punishment for this advance though some are shining a spotlight on the police calling for more action the question was in court everyone's waiting for a new laws but there's no excuse for police and action on the grounds of our current legislation is good enough is allows for the arrest and imprisonment of such fools for up to ten years in prison as of now there has been only one arrest in russia for intentionally targeting an aircraft with a laser with his suspect still under investigation attempting to down

a plane by other means would be classed as terrorism public concern in russia is rising about the potentially equally serious waste from laser lots and their high tech hooliganism it's in a grouch over our team. in. a mexican as powerful drugs barons are adding another weapon to their arsenal computer hackers have been kidnapping them to force them to break into bank systems leading computer anti-virus experts as it's increasingly giving criminals and easier right to stealing money in many cases a crime isn't buying used a toll in spite of. not less money of them to drugs and sell i struggle believe. the drug dealers will see that it's a really become profitable of fortune due to them to keep abuse in kidnapped so do criminals they will just keep following the same line. well mexico is also the

place to go if extra terrestrials are what you hope to see it's one of the countries were there are a growing number of suspected u.f.o. sightings they are are to talk to a leading russian astronomer who was involved in a two decade long project aimed at spotting a saucer. and like. a detected approximately one found some phenomenal results only two which remained the stains and the rest are either manmade or natural and some of them amazing you would not believe me if i told you about some of the things that were found and people didn't know such things could happen within their principle that's flew on for days or with a missile will want to buy parts of your passenger jet but. there is a joke we have the fact that extra terrestrials a not contacting us proves that they exist and that. next in russia close out will take you to the gateway to save area.

we are in the oregon region which lies south of the my you are all mountains and as to sector by the renowned trance a very young railway its lush landscape has made it a prime spot for russia's food basket giving it a rich agricultural heritage as hard line on city one of several areas oldest cities ad why don't which is developing a new life for its senior citizens as it sound boy has been discovering. according to the last census people of retirement age are at the pastor's growing demographic here in russia and while in the west old age is often seen as a time to indulge in your hobbies to travel spend more time with your loved ones here in russia retirement is often perceived as the. loneliest and in economic

terms the least secure a part of life well here in the region the local authorities have come up with some innovative ways to on the one hand decrease the budgetary burden as associated with providing for the elderly population and on the other had give senior citizens the love and here that they need here is our report. she may be eighty nine but alexandra van and doesn't have too many happy memories to dwell on a loveless childhood a work colored youth a hard working adult life when a five she married an older man and devoted her time to caring for him they do have children so she always knew eventually she'd be alone most people used to ask me why i work so much they would say you don't have kids why do you need money and i would respond if i had kids they'd help me when i'm old and since i don't have children i needed to work hard at these they would accept me in

a retirement home yet her faith you could train she could never have expected when alexander could no longer care for herself and was about to move into a nursing home a local family offering to adopt her overnight she received two grown up kids and a granddaughter who seem to need her just as much as she needed them my mother passed away who just couldn't come to terms with it we were really long grandmother in the house device company and now depression around this family's part of the senior adoption program pioneered the nicaraguan region six years ago the local authorities say it's a win win for all involved. senior citizens receiving family care and they're blocking family getting benefit payments in return. one hundred dollars a month may not seem like a lot but in remote russian villages where jobs are scarce any source of income is a valuable you're still not even place a senior citizen and

a nursing home it's costs the local budget between four hundred and five hundred dollars per month but where they live with homeless is down to about one hundred dollars per person that konami effect is obvious but the most important thing is that elderly people enjoy the conference of family life yet despite its apparent all round appeal the program is still small involving only around fifty passion and there is a cultural reason for it traditionally in russia elder care has been seen as a responsibility of family members being placed in a nursing home we still are still seated machine and stigma and it seems that the idea of living with strangers is not be easy it's out are either one dispassion or joint believing that her mother the arrangement was it would be only for a year or so not to seventy two and has no children or close relatives and she's deeply concerned her deteriorating health will be a burden for others yet i like it here we haven't heard

a single fight for them why should they care for me when they can barely move around i don't want to burden anyone while they're not doesn't feel there is a lot to celebrate about being all her hopes her remaining time will be brief she says at least now she has somebody to to talk. getting older is one of the biggest fears in the russian society on par with worse over terrorism natural disasters and crime and while in the west people are apprehensive about ageing mainly because of the associated health problems here in russia aging is linked to poverty a loss of dignity and wellness. but at least put these two pensioners it's not longer the same old story actually. called on the region. of raises up to date and the rates now let's see what's happening in the world of business you is here.

hello that's right time to delve into the world of business sound korean containers what do you to get even tougher on greenhouse gases what a thirty percent to plant in ten years it means europe some bishops to cut its missions or nuclear energy dependence open new opportunities for gas but johnson stern from the opposite is true for energy star is believes everything hangs on the price. i think that with the gas becomes more important europe will depend very poor be on how it is priced if it continues to be priced in the same way as we are and relative to oil but i think it will make some progress but not much because it will be too expensive and eventually renewable energy will be competitive with it before the other hand it is priced in terms of markets then supply and demand then i think you can have a much bigger share at least in the short to medium term up to twenty twenty. let's not have

a check on the markets oil prices barrels but losses investors always were leaders from the u.s. energy department to charles at the country's current stockpiles dropped two and a half million barrels last week and asian markets are mixed this hour the nikkei is down utilities other biggest decline this year that's after a pause that nuclear power plants which have been offline since march may not restart this summer meanwhile the fact saying it's higher banks of the talk in assyria about softer china lifted its benchmarks or pulls it and lending rates by one. or more schools of changes kick off around two hours from now they closed in the red and wednesday with the out just down point something percent of the losses so were mainly driven five banking and energy stocks. and gas promise consider merging it's was it generating business with another russian energy major i.e. ass holding it to create the joint company will become the country's biggest power producer with an estimated value of seven billion dollars. a market

watchers expect the correction to continue throughout the day. from troika dialog says investors will soon be back to russia strong fundamentals. maybe you will see the conclusion of this correction but i think it's the general picture for july off or at least for coming two or three weeks of july more or less fine so russian marker story looks really interesting july inflation was all you zero point two percent that's actually the best actual number in last ten years then budget deficit will be probably less than one percent the blood flow decreases dramatically so macro picture of russia looks like it's really world. russian or to make a gas curve has continued to put the financial crisis behind it it's increased sales twenty five percent year on v.m. first five knots of twenty a lot of the results have kept pace with the current growth the current saw in twenty two when it returns to profit boosting this news

in the premium to several folks talking cars and it's positive news you know it's lies you have reported us east of moscow c.e.o. but under some says it's part of a three road investment program. first we're very happy to have been picked up for conflict ready for it before during and year but requires all members much so clearly we're launching a new war program some of it is already thought were paid for and for working on the next generation goes up. that's the business now but with more business news and less than one on this time so stay with us not.

hungry for the full story we've got it first hand the biggest issues get the human voice face to face with the news makers. the close up team has been to the republic of north ascension where half of the area is occupied by nature preserve. this time are cheap goes to the region where men flock from all over the world to add a few centimeters to their self-confidence where young families are not hesitant about having a senior citizen in their family and where one man's utopia turns into a real village of the shining sun welcome to the cool gun region. russia.