the powerful credit ratings agencies get a low score from germany and once they are influenced curb our fairly put portugal with risk of a second bailout. facing up to europe's sinking feeling the new i.m.f. he sets out her stall but to me his eyes remain fixed are free to satirise least scannell. the us findings into last year's fatal dollars a fertility rate are due but israel refuses to apologize to turkey for killing nine of its citizens on board. and the lethal live show increasing numbers of laser whole again are endangering air passengers in russia lining pilots as

a land. watching r.t. live from moscow with me arena joshie 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 afterwards downgrading portugal's debt to junk germany's out the heart of propping up failing nations but is now questioning whether the bailouts are legal or some economists the current strategy is just maintaining the pain. now looks like 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 you have to remember that the greek public and 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 coralie mitigate for that. there's still the hope probably of this one rests in the central countries such as germany where there's the outrage against the bailouts not just to greece but to countries such as which will and this political unrest seems to keep growing and will keep growing with a second bailout portugal the alternative is there will be a deal for in these countries the moment the real e.u. approach just seems to be delay 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 themself for short amount of time for a year or two but ultimately these countries are insolvent and they will not be able to finance and selves in the long term so they will need some form of debt relief and some for their restructuring so it's better to get through this sooner rather than later as a lonely increase in terms of both political costs and economic force. in all these countries is yet to peak and will continue increasing over the next three years so

the eventual restructuring the eventual write downs if you need to be taken 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 long said yesterday the euro zone's we should quit the current online r.t. here is a very different solution. it's a better solution if germany would withdraw from the. economist michael ross explains why the big boys should bow out. along with more insight and opinion on europe's financial world's. the camera strapped easy use good. 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 have began under strauss kahn's watch christine rizal says there is still more interest in muckraking than money matters. from violence on the streets of the middle east. to protests in north africa to

europe. or 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 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 at 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 actually

a fifth news story by fill the inaugural combine for the new managing director of the i.m.f. then garner quite a bit of media attention most likely it had less to do with christine lagarde so more to do with the reason why she's here. what lessons do you think are to be drawn from the way the u.s. legal system handled this transcon case we could be any reforms in the human rights and human resources policies here do you plan any changes in them 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 but back to the i.m.f. were look are will take over when you 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 a whether you look at emerging markets or 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 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 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. . but about twenty minutes 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 the tollbooths it's not capital things that has nothing to do with the apples and couples of the first competition if you're not allowed to compete because the state was orchestrating takeovers from foreign banks of your assets that's called an occupation. diplomats from russia and france have reportedly clashed over the league in crisis

in a closed door meeting of the un security council and stop moscow lambasted the french decision to arm the and take it off the rebels in violation of the un resolution or he's going to she can takes a look at the detail. but you know there was a discussion and russia says such actions violate the arms embargo that was imposed on the un 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 libyan 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 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 it is a forceful regime change many say nato is actions that were meant to stop a message or 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 apart from the fact that he very clearly breaches the arms embargo that was imposed on the one their radical elements among among those radicals while and there are likely to show 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 hold 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 stayed. and so many lives that has for their country apart. also have for you this hour a wind seeing the light could be deadly for air travelers pilots over to pull a passenger allied arriving from istanbul were dazzled by paul green lights aimed at the aircraft by someone on the ground lucky if nothing was wrong but he adds it's only a matter of time before that accident occurs. plus artes close of the meets this year offsides you years of siberia as one of the region's oldest cities helps its lonely elderly citizens. the un is due to report on the gaza aid flotilla raid by israeli troops in may last year nine activists died when commandos stormed a turkish ship delivering humanitarian supplies to blockade palestinians schedule

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 knowing turkish citizens were killed while trying to break israel's blockade on gaza for the last few days this radio turkish citizens have a 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 dispute is its symbols insistence that tell of a college lies which really need veins but so far israel 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 tuesday and this has been an impetus to both the israelis and turks to try and on out the

differences for reconsideration because most people do understand that if the report is issued with on frequency ation it will be much harder for that we consideration to be made at a later date now it is also why the. understood that report is my key to uphold israel's in legal 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 president and open it up for food that such illegal claims. are reporting there and 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 are now. detained for clapping their hands police violently clamp down in the struggle to stifle peaceful protests and bellows plus. test cricketers in the world can do this in sixty minutes unfortunately i mean something bigger than sixty seconds you can just see life from attaining art a mass ago where police discover that mexican drug lords are kidnapping future

hackers to help them wander banks make sure you take the legal routes to our website and get the details. airliners are they are most vulnerable during 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 show into the cockpit this year dazzling pilots just when they need all they are concentration government reach of records on a police hunt for a whole against behind the potentially lethal lasers. they really have become clear proof that the does a laser in the i can be a major distraction to food christian or a knowledge of mt and east but the consequences could be catastrophic if someone is targeted while flying an aircraft with hundreds of passengers on board and blinding powerless by laser beams has become an increasing use is in russia over fifty

attacks registered since the beginning of the year. the latest incident was at this north port when the pilots of a tuple of passenger allied arriving from istanbul were dazzled by possible green lights aimed at the aircraft by someone on the ground just flayed and not a problem. but nothing but it's only a matter of time before that that little accident occurs 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 harmless can land automatically but not all 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 it blinds you. lethal laser guns imported from china can be bought in russia for as little as one 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 police advance though some are shining a spotlight on the police calling for more action the question was included everyone's waiting for 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 and this 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 lights and their high tech hooliganism it's been a grouch over fourteen months. now let's take a look at some other stories from around the world head train is head of boston a railway crossing in northern india killing at least thirty five people the bus was on its way from a wedding party about eighty on board when its axle broke out their man crossing most of the other passengers have been injured the train portion of more of five hundred metres before coming to hope. south korea will host the twenty eighteen winter olympics the city of. its two european rivals munich and germany and i assume france is third time lucky for south korea which previously they had to host the games in twenty ten and twenty four team have more on this in our sport boy in with andrew and next hour. next in russia close up we take you to the gateway to

siberia. we are and they're corgan region which lies south of the my ural 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 it a rich ever cultural heritage at its heart lies gorgon city one of seven areas all the cities and one which is developing a new life for its senior citizens as a cyborg has been discovered. she may be eighty nine but alexandria virginia doesn't have too many happy memories to dwell on a loveless childhood or work color of the 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 most people used to ask me why i worked so much they would so 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 you have her faith you could turn 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 it was just couldn't come to terms with it we were really longing grandma going to her house for advice or company an old crossing around the stanleys part of the senior adoption program pioneered in the ground region six years ago the local authorities say it's a win win for all involved senior citizens receiving family care and they're

adopting family getting benefit payments and 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 valuable. if you place a senior citizen and a nursing home it's cost 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 fact is obvious but the most important thing is that elderly people enjoy the comforts of 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 and other care has been seen as a responsibility of family members being placed in a nursing home is still associated with shame 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 or has no children or close relatives and she's deeply concerned her deteriorating health will be a burden for others. and like it 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 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 wars over terrorism natural disasters and crime and while in the west people are at the hands of a broad aging mainly because of the associated health problems here in russia aging is linked to poverty loss of dignity and loneliness but at least for these two

pensioners it's no longer the same old story call to discuss the plight of elderly people in russia and here in the car god region in particular riyadh now joined by popular come a glorified local brass that was spent years working with the local administration here you just came back from the united states where you spent two years fighting for your masters degree graduation thank you for your program such as i know in the industry or first listed living in the united states is there a well developed the sheer number of nursing homes i think more than thirty thousand to cross the united states speaks for that in russia there are just about fifty and one hundred nursing homes are all around the country and it's hard to understand there's also a big difference culturally and socially to how people approach the sort of subject rather differences fears you're perfectly right that you're not used to these

assisted living is a kind of business and people use it 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 moved. into town and didn't konami sense in the medical sense well here in. the russian federation is total with that because there is no business like the system of living. institutions of this kind are totally on the world or on the federal budget i'm not sure about it it's just. culture culturally people are very very afraid of finding themselves in these homes these kinds of institutions because they do not want to be a burden to the government even are they want to be with their families and so the feeling of loneliness while believe while living in these institutions is really

something that i think very much a great time watching that's all the happy part but please see any stories on the cook out region on our. reporting there and business is next we'll hear you. hello and welcome time for your business update europe some vision to cut carbon emissions could see gas get to be a more prominent role in energy production korean complained us what do you to get even tougher on greenhouse gases than want to thumb to set in ten years if that were to happen would be well placed. easier way of doing it is just switch from cold and to some extent oil towards gas so in general the gas will benefit from at least at least for this to carry gas will benefit from carbon reduction in the long but it will depend a little bit warmer weather we can establish the technology of carbon capture for

gas. that's how to check on the markets or oil bounced back from earlier losses as investors but shrinking stockpiles and signs of economic recovery in the us right we've been straining at rose ninety seven dollars a barrel while grant is that one hundred fourteen dollars a barrel. and markets in asia are mixed trucks not just seven day winning streak on thursday as futures just tumbled up and the government proposed trusts on nuclear reactors that sparked fears there restarts may be delayed by ten thousand line on the nikkei held boosting hopes for further games hong kong stocks advanced led by banks and speculation earnings will benefit from china's this isn't to raise interest rates. european indices are high on thursday recouping the previous sessions declined with investors encouraged by overnight gains on board street allergan asia and awaiting interest rate decisions in britain

and europe. and the russian markets opened higher tracking gains in the u.s. and asia investors here are hesitant to make a big move so if i'm interested patient a key economic data from europe let's not have a check on some of the individual show moves on the minds of its oil majors i gave it strong and crude with ross left off of one percent is also what's going news may see a record net profits in the first half will be year and quarter is among the main gainers it's up over two and a half percent this trial. gazprom is considering its electricity generating business with another russian energy major i.e. as holding it great that you. company will become the country's biggest power producer with an estimated value of the first seven billion dollars. news for the russian film industry outs to banks of course to help our true one of the country's largest conglomerates is the mass media have a way it's here and it's still was good i n g we'll see its filmmaking subsidiary

get millions of dollars right across or explain how this could improve precious film industry. in the movie world and money is king and in russia there's not much to go around when it comes to films but that's all about to change thanks to intellectual property. and together are providing for announcing facilities of around forty to forty three million dollars we are taking the film rights as collateral we do this because the market is developing very quickly we are in g. has a lot of experience with doing this it is us really europe everything this market will develop in the same way the majority of producers in russia are looking for government subsidies or to make deals with t.v. companies industry experts say this could change things around the only problem is not a lot of production companies own the copyrights of their films let's see the channels

do the fact russian world studios has such a big library it can use as collateral is unprecedented burden proposal with the beautiful producer should be interested in the audience voting for the films with money and to make that happen we need to make film production and industry but we have a turnover of capital it's a very shaky time for the russian film industry box office revenues are up but the domestic share is still in their own only six of the sixty nine movies produced locally last year made a profit the establishing a new venture the first in the rush of the gearing for everybody the. we will be completing the stimulus so these companies move over a mile or so to the system and most need to know this they disappeared a few feet from from we but i was the financial institutions with the you could go to all of these are parts of part of a bigger goal to revive russia's film industry to get international investors in

both their local productions and attract more funding also maybe a far cry from our word that seems to be going all out to get ensor national blockbusters like this one are wrong for their money we're not also about business our theme. that perhaps up the business bullets save more and it also times. the it will.

lose. in moscow all she's available in some areas grand hotel which colson royal marriage the ruler of renaissance cook young fun merry christmas and holiday in seclusion.