otoh the points pushers and the wood prints are to be split in the photo in touch with the hotel intellectual of the future a good poet international good to cheap every green loafer killed in. the powerful credit ratings agencies get a low score from germany and once the early influence occurred after it could forge a good risk of a second bailout. they see up to europe sinking feeling the new i.m.f. chief sets out her stall but the media's eyes remain fixed on her predecessor sleaze scandal. an arctic expansion as russia plans to ask you when to redraw borders at the energy rich north pole waits for other countries like mine to. and the u.n. findings into last year's fail gaza aid flotilla radar do but israel refuses to apologize to turkey for killing nine of its citizens on board.

the russian capital you're watching aren't even marina joshing 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 stock plunge after downgrading portugal's death to jog 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 the pain. the for now look so good portugal will need a second bailout some point in the future and that it could fall puts it in the same sort of financial problem sector 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 great for that. there's still the hope probably of this one rest in the central countries such as germany where there's the outrage against the bailouts not just degrees but 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 delay the inevitable default if you allow the countries to fund themselves for short amount of time for a year or two but ultimately these countries are insolvent and they will not be able to finance themselves in the long term so they will need some form of debt relief in some form restructuring so it's better to get to this sooner rather than later as the only increase in terms of both political costs and economic growth. in all these countries is yet to peak and will continue increasing over the next year

so the eventual restructuring the eventual write downs that you need to be taken to just get larger not to mention as you've already spoken about the political costs of continuing these bailouts and the austerity measures. financial commentators have large suggested that the euro zone's weaker economies should quit the currency online r t v here is a very different story. it's a best solution if germany would withdraw from the euro. it. explains why the big boys should bow out it's hard to go along with war inside europe's financial markets. ok. strapped a use 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 stross khan's watch parties christine says there's still more interest and muckraking than money matters.

from violent 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. where unemployment hovers at about sixteen percent and the debt crisis has sparked anger all of this anger stemming from poverty and failed economic policies in the u.s. 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 at 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 if not there's actually a good news story but still you know the world bank with you managing director of the i.m.f. there garner quite a bit of media attention most likely it had left to deal with christine lagarde so more to do with the reason why she's here. and what lessons do you think could be drawn from the way the u.s. legal system to handle this transfer case we could be any reforms in the human rights and human resources policies here you play in any changes and in light of the controversy over this is 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 but banks of the i.m.f. were look guard will take over the u.s. you have a couple of issues what will resume the most low 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 a low income countries the issue of employment. is a critical one the one hundred eighty seven nation organization has already led 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 is a series of 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 to go in an unstable world in washington christine frees out our team. that's our the kaiser report takes on the euro countries who are selling the family silver to stay afloat. in 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 the toll booths it's not capital things that has nothing to do with couples and couples are going 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. diplomats from russia and france have reportedly clashed over the libyan crisis and

a closed door meeting of the un security council it's thought moscow lambasted the french decision to arm and take it off the rebels in violation of the un resolution artie's garnished account takes a look at detail. but you know there was a discussion and russia says such actions violate the arms embargo that was imposed on libya 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 levy and civilians undermining the goal of the operation speaking of 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 with 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 it is 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 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's several aspects that analysts point out in france is this this patch apart from the fact that he very clearly breaches the arms embargo that was imposed on the one their radical elements among among those rebels while 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 goose the rebellion but many libyans now say the last thing they want is a boost to the civil war that has. can so many lives that has torn their country apart. still have for you this hour why single life could be deadly for air travelers passenger planes come under increasing attack from laser hooligans or a blinding pilots with powerful beams of light as the land. plus artes closer key meets the seniors' of siberia as one of the region's oldest cities helps its lonely elderly citizens. discussions over who owns the territory surrounding the north pole are coming to a point with russia planning to ask the un to look at arctic borders and grab the request forward by two years as for other countries i up getting access to the arctic's natural riches are discovering as our 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 sixteen days gathering evidence which could see russia significantly expand its territory. this evidence will show that russia should be expanded by one point two million. percent of the country's area at the moment russia's arctic area of responsibility is a sector stretching from the coal opinion to the bering strait but it's what lies beneath the eyes 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 for russia and that's basically twenty two thirds. of resources production is what this means. 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 the global warming could leave the region ice free in less than twenty years russia originally planned to file its claim with the united nations by twenty fourteen moving the deadline up to here is is a clear cut sigh the race is on and it's time to flex some arctic muscle. artsy moscow. discover more of our special reports on the arctic on our newly launched sister channel our t.v. it's available on t.v. and online where breathtaking pictures an analysis of the icy waters of the arctic seas the web addresses are t.v. dot com. leo i was due to report of the gaza

aid flotilla raid by israeli troops in. maine last year nine activists died when commandos stormed a 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 baster was clear now sprains. 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 waiting in 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 dispute is its temples insistence that tel aviv apologize for its role in the bins but so far as well has refused to do this offering instate with great 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 report today thursday and this has been an impetus for both the israelis and turks to try and iron out their differences for reconsideration because most people do understand that if the report is issued with off equal city ation it will be much harder for 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 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 are in use is a dated around the clock at r.t. dot com let's look at some of the other features you'll find there right now. detained for clapping their hands police violently clamp down in a struggle to stifle peaceful protest in belarus plus. the best

workers in the world who did some sixty nine. fortunately i need something to do in sixty seconds you carry your. wife's imitating art in mexico where police discovered that mexican drug lords are kidnapping computer hackers to help the wonder of banks make sure you take the legal route to our website and gather details and if you don't. airliners are at their most vulnerable during takeoff and landing and now there is an increasing spread from the ground from a beam of light more than fifty planes in russia have had laser show into the cockpit this year dazzling pilots just when they need all the or concentration because you were a child reports in the police hunt for the whole against behind a potentially lethal lasers. immediately clear proof that the downs a laser in the eye can be a major distraction or question or knowledge it meant and used of the consequences could be catastrophic if someone is targeted while flying an aircraft with hundreds

of passengers on board 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 this was when the pilots to pull of passenger allied arriving from istanbul were dazzled by paul full green light aimed at the aircraft by someone on the ground just flayed and not a problem. but nothing wrong but it's only a matter of time before 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 have happened. in the worst case scenario pilots can land automatically but not full aircraft 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 his offense 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 ground 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 a 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 been a grouch over our team. or less and russia close out we take you to the gateway to siberia. we are in the corgan region which lies south of the my eighty year old mountains and is distracted by the renowned trans-siberian railway its lush landscape has made it a prime spot for russia's food basket giving a rich every cultural heritage and its hard life morgan city one of siberia's all

the cities and one of which is developing a new life for its senior citizens as of son a boy has been discovering. she may be eighty nine but alexandria vonna doesn't have too many happy memories to dwell on a loveless childhood a work colored youth a hard working adult life at twenty 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. 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 you have her faith you could turn she could never have expected when alexandra 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 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 we were really longing to how grandmother in the house for advice accompany an elder process around this family's part of the senior adoption program pioneered in that program the region six years ago the local authorities say it's a win win for all involved senior citizens receiving family care and they adopted family getting benefit payments in return. a hundred dollars a month may not seem like a lot but in remote russian villages where jobs are scarce any source of income is valuable. if you place a senior citizen in a nursing home it costs the local budget between four hundred and five hundred dollars per month but where they live with families is down to about one hundred dollars per person they cannot make a theft 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 passion 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 with still associated with shimon stigma and it seems that the idea of living with strangers is not b.z. are either. fanchon are joined believing that her mother the arrangement was it would be only for a year or so not to seventy two and has no children no close relatives and she's deeply concerned her deteriorating health will be a burden for others. a leg here we haven't heard a single fight but who am i 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 old and hopes her remaining time will be brief she

starts at least now she has somebody to talk to. you know getting older is one of the biggest fears in the russian society and current worries over terrorism natural disasters and crime and while in the west people are perhaps a compound aging mainly because of the associated health problems here in russia aging is linked to poverty a loss of dignity and wellness but at least for these two pensioners it's not longer the same old story told to discuss the plight of elderly people in russia and here in the corrigan region in particular ran out joined by popular kamakura for local grass that has spent years working for the local administration here you just came back from the united states where you spent two years studying for a masters degree graduation if you let your. present knowledge be industry or for subsistence living in the united states is there a well developed the sheer number of nursing homes i think more than thirty

thousand across the united states speaks for that where is there in russia there are just about fifteen hundred nursing homes are all around the country and as far as i understand there's also a big difference culturally and socially to how people approach the sort of subject of the difference is. you're perfectly right that you're an artist who's assisted living is a kind of business and people you. as just another way to be independent during their old age so that they could not feel themselves as a burden to their families to their working kids so that they could be met them independent of the economic sense and that medical sense well here in. the russian federation is totally different because there is no business like assisted living and. institutions of this kind of hard to tell a story on the world war on the federal budget i'm not sure about it but it's just

that the culture culturally people are very weary of freed up finding themselves to school in these kinds of institutions because they do not want to be a burden to the government they do not be want to be with their families and so the feeling of loneliness while being while living in these institutions is some really something people are afraid of being very much free time and hodgins doubts all they have tried hard but please c.n.n. the most stories from the cook out region here are all artsy. kind of like a recording there well it brings us up to date for now and let's see what's happening in business you'll use here. let's try time to bring you all the latest from the world of business green we complain as we want to you to get even tougher on greenhouse gases and want to thirty percent cut in ten years it means europe some additions to cut its emissions

a nuclear energy dependence open new opportunities for gas but transistor on the opposite is true for energy star is believes everything hangs on the price. and with the gas becomes more important europe will depend very poor view on how it is priced if it continues to be priced in the same way as who we are and relative to that 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 if on the other hand it is priced in terms of markets with a supply and demand and i think you can have a much bigger share at least in the short to medium term up to twenty twenty. tough check the markets world bounce back from earlier losses and that says that shrinking stockpiles are signs of economic recovery in the u.s. light sweet is trading at around nine to seven dollars with barrel wild branches that one hundred fourteen dollars asian markets are down this hour the nikkei story

up this hour rather make a scratch still jews are the biggest decliners starts after a pause that nuclear power plants which have been offline since march may not restart the some of the well that scientists higher than saw the top game is here that started china lifted its benchmark because of and lending rates i watch for it . and in russia they are just opened higher the nicest clothes in the road on wednesday as you can see the figures are from well disclosure the losses were mainly driven by banking and entered stocks. and jasper is considering merging its electricity generating business with another russian energy major i.e.s. holding. if you create the joint company will become the country's biggest power producers that with an estimated value of at least seven billion dollars. on russian gas or to make a gas group was continuing to put the financial crisis behind it it's increased

sales twenty five percent year on year of the first five months of twenty eleven there was lots have kept pace with the growth the group saw in twenty ten when it returns to profit boosting this news is gathers agreement to assemble vote sargon cars at the plant is the no berth schloesser few hundred kilometers east of moscow gas c e o of ball under some says it's part of a three pronged investment program. first we are very happy to have been picked up for a concert by me for a drink before during and that requires of my basement so it can all be we want you knew what was program some of it is already on the door paid for for working on the next generation goes up. ok let's hear after there's some more business news unless someone else time say that's.

twenty years ago in large this country it's going to certain places. which have been trying to keep each began a journey. where did it take. the close up team as being to the republic of north of sichuan 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 blows up on r g. m spending a year in iraq is no true journalist i saw some ways to go in the u.s. contractors there's kind of wasting their time trying to get killed. i am. i thought all was going to be easy about five hundred miles a day which is me about twenty seven days in neutral into publicizing the influence .