the powerful credit ratings agencies get a low score from germany and once they are influenced curbed after they've put portugal at risk of a second bailout. facing up to europe's sinking feeling the new i.m.f. chief sets out her stall but the media's eyes remain fixed on her predecessors sleaze scandal. the un's findings into last year's fatal gaza aid flotilla rate are due but israel refuses to apologize to turkey for killing nine of its citizens onboard. families alive show increasing numbers of laser go against our endangering air passengers in russia by blinding pilots as the land.

this is r t live from moscow with josh 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 debts to junk germany is at the heart of prodding our failing nations but is now questioning whether the bailouts are legal for some economists the current strategy is just maintaining their pain. school 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 a 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 whole problem of political unrest in the central countries such as germany where there's the outrage against the bailouts not just degrees 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 trying to protect their banks and delay the inevitable default if you allow the countries to fund themself for short amount of time a year or two but ultimately these countries are insolvent and they will not be able to promise them selves in the long term so they will need some for really been some for 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 costs. in all these countries is yet to peak and will continue increasing every year so the eventual

restructuring the eventual write down which need to be taken will 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 eurozone is weaker economies should quit the currency what here is a very different solution. it's a better solution if germany withdraw from the. economist michael ross explains why the big boys should. actually go along with more insight into europe's financial world's. a cash strapped e.u. is giving christine legarde my. to think about in her first days in charge of the i.m.f. she told reporters that she's picking out the baton from her predecessor to deal with the problems and reform stad began under strauss kahn's watch but actually as christine presides has there's still more interest in muckraking than money matters . from violence on the streets of the middle east.

to protests in north africa to europe. portugal's credit rating has been deemed junk. and in greece. for 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 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 it's not the sexiest of news stories but still the inaugural press

conference for the new managing director of the i am out there garnered quite a bit of media attention most likely it had left to do with christine lagarde or so and more to do with the reason why she's here. campbell what lessons do you think ought to be drawn from the way the u.s. legal system to handle the strauss kahn case we don't see 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 that case now starting to crumble after it turned out the maid had credibility problems and banks 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 at advanced economies or 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 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 frees out our team later in the day the kaiser reports 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 things that has nothing to do with capitalism 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 at 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 is going to she can take 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 b.b. and the weapons supplies also breached the un mandate that was given to establish a no fly zone and protect the league and 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 but by all means alone they say will not bring it desirable and to the conflict which is ousting gadhafi 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

right 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 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 will solve 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 rebels while in their own likely to for mercy for their opponents and those arms of life 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 arab league to boost the rebellion but many libyans now say the last thing they want is a boost to the civil war that has stayed. so many lies ahead for their country apart. so have for this hour of wine seen the light could be deadly for air travelers. pilots of an. ally and a riving for. good as old by polypill green lights aimed at their profit by someone on the ground not to be nothing but but b.s. at some of them out front it's not me or at that accidents occur it's. plus artes closer to meets the seniors i'll say barry as one of the region's oldest cities helps its lonely elderly citizens. a friendship bound for gaza with aid has been stopped in crete it comes as the un is due to report on a raid on a previous humanitarian flotilla by israeli troops in may last year nine turkish

activists died after commandos stormed their vessel incident continues to drive a wedge between israel and turkey 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 beauty is it stumbles insistence that tel aviv apologize for its role in events 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 iron out the differences for reconsideration because

most people do understand that if the report is issued with the consideration 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 challenge the israelis with using excessive force that is what 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. callously are reporting there and our news is updated around the clock and let's take a look at some of the other features you find are now. detained for clapping their hands police violently clamp down in a struggle to stifle peaceful protest in bell rooms across. the trekkers in the world producing sixty minutes on fortunately i have something to do and since the search feature films. by imitating art in mexico where police discovered that

mexican drug lords are happy you are hackers to help them run their banks and sure you have tags legal route to our website and the details are to the. airliners are add 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 shown into the cockpit this year dazzling pilots just when they need all their concentration that's when and which of reports on the police hunt for the whole against behind a potentially lethal lasers. i already have become clear proof of the dazzle of a laser in the eye can be a major distraction so fugal or question are now different and. the consequences could be catastrophic if someone is targeted while flying an aircraft with hundreds of passengers on board and blinding khaled's 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 port when the pilot sought to pull of passengers allied to writing from istanbul were besought by possible green light that the aircraft by someone on the ground just minutes later and not that brought . up to think what's wrong but yet it's only a matter of time before that little 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 a catastrophe could have happened. in the worst case scenario pilots can land automatically but not fool as in london or to pilot and even if they do those in the co-feature 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 or 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 advance those some are shining a spotlight on the police calling for more action the question was and 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 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 risk from laser lots and they're high tech and as it's in a grouch over right. now is take a look at some other stories from around the world police have stormed a kind of garden in southern malaysia were man armed with a machete held thirty children and teachers captive now of the hostages were injured in a seven hour seed which ended when security forces subdue the man is motives are not yet known. a train has hit a boston a railway crossing in northern india killing at least thirty five people the bus was on its way from wedding party with about eighty on board when its actual grow began man crossing most of the other passengers had been injured the train posted more than five hundred metres before coming to a halt. south korea will host the twenty eighteen winter olympics the city.

its two european rivals moving in germany and i've seen friends it's third time lucky for south korea with reviews the bid to host the games in two thousand and ten and twenty fourteen we have more on this now sports world and with andrew nextel. all next in russia goes i will take you to the gateway to siberia. we are in the core gun region which lies south of the mighty euro mountains as a sector by the renowned trans-siberian railway it's a large landscape has made made it a prime spot russia's food basket giving it a rich every cultural heritage that is hard lives skorgen city one of several areas oldest cities and one which is developing a new wife for its senior citizens as a tomboy has been discovered. according to the last census people of retirement age

are 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. lowliest and in economic terms the listed here are a 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 it creates the budgetary burden associated with providing for the elderly population and on the other had senior citizens the love and care that they need she may be eighty nine but alexandra vonna doesn't have too many happy memories to dwell on a loveless childhood a work colored youth a hard working adult life and went to far as 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 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 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 offered 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 and we just couldn't come to terms with it we were really longing to hug grandma greenhouse her advice accompany another depression 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 involved senior citizens receiving family cure and their

doctoring 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 useless even who place a senior citizen and a nursing home is costs the local budget between four hundred and five hundred dollars per month but where they live with families is dancers' about one hundred dollars per person the economic effect is obvious but the most important thing is that elderly people enjoy the comforts of them live life yet despite its apparent all round appeal the program is still small involving only around fifty passion errors 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 easy are either

one dispassion or join galina and 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. yeah i like it here we haven't heard a single fight but when my for them why should they care for me when i can barely move around i don't want to burden anyone well why not doesn't feel there is a lot to celebrate about being all helps her remaining time will be brief she sounds at least now she has somebody to talk to. getting older is one of the biggest fears in the russian society with worries over terrorism natural disasters and crying 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 loss of dignity and wrongness. but at least for these two pensioners it's not

longer the same old story i sound like an artsy region. but the reasons are today here in r.t. and the business news is next with william. hello and welcome time to get the latest from the world of business russian energy giant gazprom was losing european consumers old girl has fought creation and significantly reduce gas imports from russia. to replace the gap with its own gas and alternative supplies turned on stern from the oxford institute for energy star those stories the company may lose even more if the price remains unchanged. what gazprom needs to decide is does it want to sell a smaller amount of gas at a high price or more gas a low price and the answer at the moment is he wants to hold the price relative to all and sell less cars and that's that's fine that's

a policy but that he's not going to get gas a more important role in europe in fact it's probably going to reduce gases for a year because i mean that is a that is a sovereign choice for russia and a commercial choice for gas probably what i would say is where does gazprom see its european market in fifteen twenty years time does it seem still selling the same amount of gas it does today and which case fine continue the way you go on the other hand if you want to sell more gas then i think you will have to adjust its pricing policy. let's have a look at the markets now world bounced back from their losses as investors that shrinking stockpiles the signs of economic recovery and if you asked lights which is not trading at around nine to seven dollars a barrel while france is that one hundred fourteen dollars. we went through europe european indices are high on the previous sessions to climb with investors encouraged by overnight gains on rule streets and in asia and awaiting interest

rate decisions and kryten and europe. and the russian markets are trading strongly in the black tracking gains in the u.s. and asia investors here presence making a big move so far and as a patient of keep going on with data from europe why not have a technique some of the individual share moves in the mice it's all majors gaining weight strong occurs with rosneft up almost two percent so their bond is not supported by news may see a record net profit in the first half of year and one is called is also the main game. shares are up one point eight percent best selling. gazprom was considering merging its electricity generating business with another russian energy major i.e.s. holding it's a great the joint company will become the country's biggest power producer with an estimated value of at least seven billion dollars. i'm brushing all to make a purpose continue to put the financial crisis behind it it's increased sales

twenty five percent year on here in the first five months of twenty eleven the results have kept pace with the growth the group saw in twenty ten when it's trying to profit boosting the snoozes agreement to assemble fourth spot in cars at its planted which lies a few hundred kilometers east of moscow c.e.o. who understands it's part of a three point investment but. first we're very happy to have been picked up the corporate body very painful for going to that requires an investment so i can only we are launching a new program some of it is already funded were paid for and good for working on the next generation goes up. good news for the russian film industry else to bias or create to help one of the country's largest conglomerates systemin is a must music heavyweights here and it still was and i n g will see its own make a subsidiary get millions of dollars going across or explains how this can provide film industry. in the movie world 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 things through intellectual property. together providing for an unseen facility of around forty two forty three million dollars we are taking the film rights as collateral we do this because the market is developing very quickly i mean she has a lot of experience with doing this in the us really europe everything this market will be available in the same way the maturity of producers in russia are looking for government subsidies 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 the t.v. channels through the fact russia world studios has such a big library it can use as collateral is unprecedented. with the digital producer

should be interested in all use voting for the films with money and to make their how can we need to make film production and industry to that we have a true capital. it's a very shaky time for the russian film industry box office revenues are up but the mystic share is going their own only six of the sixty nine movies traduce locally last year made a profit how do you separate part of a bigger goal to revive process in the street to get international investors in both the local productions and attract more funding from baby apart from hollywood i think is the big are all out to get international blockbusters like that's what i run for their money during a quarter of our business our theme. of time for knowledge journalists are on all sides more business stories of get more from our website our business.

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coming up. twenty years ago in the largest country. surveillance of. the. one hundred didn't commit to going to be going to church. where did it take to. just see. if. the big .