the powerful credit ratings agencies get a low score from germany and once the or influence curve out there they put portugal it's risk of a second bailout. facing up to europe's sinking feeling the new i am after he sets out her stall but the media's eyes remain fixed on her predecessor sleaze scandal. and the arctic expansion as russia plans to ask the un to redraw the borders have the energy reach north pole which for other countries lay claim to. and the un's findings into last year's fatal dollars eight which will radar do but israel refuses to apologize to turkey for killing nine of its citizens on board.

what you are going to live from moscow nine am here a marina fashion 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 eurostar plunge after downgrading portugal's death to jog germany is at the heart of propping up failing nations it is now questioning whether the bailouts are legal for some economists the current strategy is just maintaining the pain. now look so good portugal will need a second bailout some point in the future and that it could default puts it in the same sort of financial problem as greece and it could have the same sort of financial market response as a greek default but you have to remember that the greek public has been putting up

with this for much longer than the portuguese public have so maybe a year down the line we might be seeing similar process in portugal in lisbon as we're seeing now in greece so we call him it's good for that. there's still the problem of this one rest in the central countries such as germany where there's the outrage against the bailouts not just to greece but to countries such as portugal and this political unrest seems to keep growing and will keep growing with a second bailout portugal the alternative is there will be a default in these countries at the moment the real e.u. approach just seems to be to lay it for as long as possible it looks as if germany and france are dictating this and they are trying to protect their banks and to lay the n.f.l. default they do allow the countries to from themselves for a short amount of time a year or two but ultimately these countries are insolvent and they will not be able to promise themselves in the long term so they will need some form of debt relief in some form of debt restructuring so it's better to get through this sooner rather than later as all only increase in terms of both political costs and economic growth. in all these countries is yet to peak and will continue increasing

every year so the eventual restructuring the eventual write down need to be taken 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 should play to the currency part minority here is a very different. it's a better solution if germany would withdraw from the euro. because michael ross explains why the big boys should. it's archita along with more insight and opinion on your financial goals. ashcraft a news 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 the baton from her predecessor to deal with the problems and reforms that began under strauss kahn's watch but as he's christine preside out says there's still more interest in

a muckraking than money matters. from violence on the streets of the middle east. to protests in north africa to europe. for portugal's credit rating has been deemed junk. and in greece. unemployment hovers at about sixteen percent and the debt crisis has sparked anger uli 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 a housing crisis 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 in 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 if not the sexiest of news stories fill the inaugural press conference for the new managing director of the i.m.f. there garner quite a bit of media attention most likely it had less to do with christine lagarde or so and more to do with the reason why she's here. and what lessons do you think or to be drawn from the way the u.s. legal system to handle this current case will be any reforms in the human relay and human resources policies here do you plan any changes and in light of the controversy over. the controversy of course with dominique strauss kahn accused of raping a hotel maid in new york that case now starting to crumble after it turned out the maid had credibility problems of banks or the i.m.f. or lagarde 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 at advanced economies or whether you look at emerging markets or low income countries issue of employment. 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 accepting 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 at

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. and later today the kaiser report takes on the euro countries who are selling the family silver to stay afloat. we are seeing the introduction of neo feudalism into europe as we've said all along cells cells everything must go in great fire sale these nations are giving out income producing assets they're basically their tollbooths it's not capital that has nothing to do with couples and purpose of in 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.

diplomat from russia and france have reportedly clashed over the lead in crisis at a closed door meeting of the un security council it's thought moscow lambasted the french decision to arm the and take it off the rebels in violation of the un resolution has done is to count takes a look at details. but you know there was a discussion in russia says such actions violate the arms embargo that was imposed on b.b. and the weapons supplies also breach 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 libyan civilians undermining the goal of the operation speaking of course 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 kadafi 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 all means alone they say will not bring it desirable and to the conflict which

is ousting khadafi so there needs to be action on the ground that 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 that is a 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 france 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 is this dispatcher far from the fact that he very clearly breaches the arms embargo that was imposed on the one there are radical elements among among those rebels as well and there are likely to for mercy for their opponents and those arms supplies most certainly inflame the situation even more and the way it was done 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 it's 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 to the civil war that has the. and so many lives that has for their country apart. also have for you this hour a why seeing the wide could be deadly for air travelers passenger planes come under increasing attack probably hooligans who are whining pilots with powerful beams of light as the land. lot closer to meet the seniors have said here is one of the region's oldest cities helps and it's a lonely elderly citizens. discussions over who owns the territory surrounding the north pole are coming to a point was russia planning to ask the un to look at are to borders its broader request forward by two years as for other countries i am getting access to the

arctic's natural bridges. explains what the rush is 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 square kilometers ten percent of the area at the moment russia's arctic area of responsibility is a sector stretching from the call opinion 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 it 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 if the russian movement that's basically. the russians

energy resources production is what this means for this untapped reserves of natural resources it's tempting to all states with our kids territory russia norway denmark the united states and canada. claims and all five are locked in a race to gather evidence in support as some scientists warn that global warming could leave that 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 to hears is a clear cut side the race is on and it's time to put some arctic muscle. art. on this cover more of our special reports on the arctic on our newly launched sister channel arts and it's available online with breathtaking pictures and analysis of the icy waters of the arctic sea where the grass is r t v dot art from the dot com. or as due to report on last may's gaza aid

flotilla raid by israeli troops nine activists. died when commandos stormed a turkish ship delivering humanitarian supplies to blockade of palestinians the 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 polls leader 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 this radiant turkish citizens have been meeting 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 its temple's insistence that tel aviv apologize which will in advance but so far israel has refused to do those offering instate we're grateful for 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 with force today tuesday and this has been an impetus for both the israelis and turks to try and on up a differences for we consideration because most people do understand that if the report is issued with off we consideration it will be much harder for me consideration to be made at a later date now it is also widely understood that the report is likely to uphold israel's illegal were right to impose a naval blockade on gaza but at the same time it is likely to charge the israelis with using excessive force now israel has so far indicated that it is prepared to pay compensation but as long as this doesn't create a precedent and open it up for food that such illegal claims i was me reporting there and our news is updated around the clock thirty dot com let's look at some of the of the tourist finder now. detained for clapping their hands police violently clamp down in the struggle to stifle peaceful protest in bell brings us.

crackers from the world financial system and it should fortunately i get some good success or if you're just. life imitating art of mass ago where police discover that next second drug lords are kidnapping computer hackers out of one their bags probably make sure you take the legal route to our web site and get these. saturday dot com. airliners are add their most vulnerable during a takeoff and landing and now there is an increasing threat from the ground from a beam of light more than fifty planes in russia have had laser shown into the cockpit this year dazzling piles just when they need all their concentration. reports on the police or the whole again behind a potentially lethal lasers. there it becomes clear proof of the desolate a laser in the eye can be a major distraction for football or

a question of the knowledge and. the consequences could be catastrophic if someone is targeted while flying an aircraft with hundreds of passengers on board blinding colors by laser beams has become an increasing musa's in russia over fifty attacks registered since the beginning of the year. the latest incident was that the small force on the pilots of a passenger allied arriving from istanbul were dazzled by possible green light aimed at the aircraft by someone on the ground where plates and now that problem. but nothing was wrong but to be at it's only a matter of time before at that late accident occurs to me we were going to during landing just one 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

a catastrophe could have happened. in the worst case scenario parlous can land automatically but not all at fault can land on autopilot and even if they do those in the cockpit 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 a blind you. potentially lethal laser guns imported from china can be bought in russia for as little as a hundred dollars firing a laser beam as far as five kilometers they can burn through paper and even plastic . in the u.s. sales of such devices are banned russian legislators are also considering outlawing them and toughening punishment for this offense bill some are shining a spotlight on the police calling for more action precautions and everyone's waiting for a new laws those noise cues from police and action on the ground 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 the suspect still under investigation attempting to down a plane but other means would be classed as terrorism public concern in russia is rising about the potentially equally serious risk from laser allots and their high tech hooliganism it's been a great show for our team. that's in russia close that we take it to the gay way to siberia. and we are in the core guard region which lies south of the mighty ural mountains and is a sector by the renowned tranter beery railway its lush landscape has made it

a prime spot for russia's food basket giving it a rich agricultural heritage at its heart lies corgan city one of several areas oldest cities and one which is developing a new life for its senior citizens as example has been discovering. according to the last census people of retirement age are at the fastest 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 part of life well here in the core gone region the local authorities have come up with some innovative ways to on the one hand decrease the budgetary burden associated with providing for the elderly population and on the other hand give senior citizens the love and here that they need here is our report . she may be eighty nine but the xander avon

a man doesn't have too many happy memories to dwell on a loveless childhood a work colored youth a hard working adult life but when he fired 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 worked so much they would say you don't have kids or i do 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 least they would accept me in a retirement home yet her faith to get trained 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 offered to adopt her overnight she received two grown up kids and a granddaughter who seemed to need her just as much as she needed them my mother passed away and we just couldn't come to terms with it with

a really long grandmother in the house her advice her company and now the process around this family's part of the senior adoption program pioneered in that regard region six years ago the local authorities say it's a win win for all. and evolve is senior citizens receiving family care and their doctoring 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 usefulness before you place a senior citizen in a nursing home it costs the local budget between four hundred and five hundred dollars per month that's where they live with families is down to about one hundred dollars per person they cannot make a fact is obvious but the most important thing is that elderly people enjoy the comforts of family life yet despite its apparent all round appeal the program is still small involving only around fifty patching or is 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 was still associated with shimon stigma and it seems that the idea of living with strangers is not be easy are either one is fanchon 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. like it here we haven't heard a single fight for them why should they care for me when i can barely move around i don't want to burden anyone. not doesn't feel there is a lot to celebrate about being all that helps her remaining time will be brief she starts at least now she has somebody to to talk. you know getting older is one of the biggest fears in the russian society with worries over terrorism natural

disasters and crime while in the west people are apprehensive about ageing me because of the associated health problems here in russia is linked to poverty loss of dignity and wrongness. but at least for these two passion areas it's not longer this e-mailed story sound like an hour at sea called under region. and now down for the business news was your mistake that's. hello everyone welcome here to bring you all the latest on the world of for commerce and finance and some vision to cut carbon emissions. given a more prominent role in energy production green containers won't be used to get even tougher on greenhouse gases and want to thirty percent cut in ten years if that happens. gas will be well placed. easier ways to get these to switch

from coal and to some extent oil towards gas so in general class will benefit from at least at least for this to create gas will benefit from carbon reduction in the longer it will depend a little bit on whether we establish the technology of carbon capture for. a check on the markets now while prices bounced back from earlier losses investors away to release from your ass energy department which will show that the country's current stockpiles dropped two and a half million barrels last week and in asian markets this hour the nikkei is flat utilities are the biggest decline as. power plants which have been offline since march may not restart the summer in one hand saying is so high up on some of the top pins here about after china lifted its benchmark that and lending rates by a point. and moscow's exchanges kickoff around one hours time from now the close in

the road on wednesday because that you see on the screen of the good ones days closure and the losses were mainly driven by banking and engine stocks. gaspar was considering its electricity generating business with another russian energy major i.e.s. holding it to create the current company will become the country's biggest power producer with an estimated value of at least seven billion dollars. and market watchers expect the correction on the russian markets to continue throughout the day. from troika direct says investors will soon be back to russia strong fundamentals. and we will see the conclusion of these correction guides and i think it's the general picture for july or at least for coming two or three weeks of july more or less fine so russia marker story of the really interesting july inflation was all it is your point two percent that's actually the best actual number in the last ten years then budget deficit will be probably less than one percent of the

globe flow decreases dramatically so moch a picture of russia looks like it's from new world. russian automakers gas purpose continue to put the financial crisis behind it it's increased sales twenty five percent here only here in the first five months of twenty eleven results have kept pace with food growth the croup saw in twenty ten when it returns to profit got c.e.o. of the club so neutralization program helps recoup production lost prices. this is a board your business. had not come back to was this would have been very difficult sort of combination of course walter you have all your help those god was your we could have been there and it's going back to our customers with customers trust our products that wraps up the business building journey less than one last time from the business stories here on r t and more news from our website our business. if.

you. feel. the enemy. has. to do.

if. anything. download the official anti application show i phone the i pod touch from the i choose i'm still. lunch on cheap life on the go. video on demand copies mind bold colors and r.s.s.

feeds now in the palm of your. question on the calm. of twenty years ago the largest country in the world disintegrates into. what has been an issue. which began a journey. where did it take.