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the powerful credit ratings agencies get a low score from germany and once their influence curve after they put portugal of risk of a second bailout. facing up to europe sinking feeling the new i.m.f. chief sets out her stall bust the media's eyes remain six of her predecessors sleaze scandal. u.s. findings into last year's fatal gaza aid flotilla raid or do what israel refuses to apologize to turkey for killing nine of its citizens on board. and the lethal light show increasing numbers of laser hooligans are endangering air passengers in russia by blinding pilots as they land.

this is he coming to live from moscow one pm here she welcome to the program germany's finance minister wants to curb the power of the dominant credit rating agencies their verdicts can make or break economies most recently causing a euro plunge after downgrading portugal's debt to junk germany is at the heart of propping up failing nations but is now questioning whether the bailouts are legal for some economists the current strategy is just maintaining the pain. the fact now looks like the political will need a second bailout some point in the future and that it could default puts it in the same sort of financial problem sector as greece and it could have a same sort of financial market response as a greek default we have to remember that the greek public have 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 can't really mitigate for that. there's still the whole problem of political unrest in the central countries such as germany where

there is the outrage against the bailouts not just to greece but to countries such as. 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 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 it to 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 point us in selves in the long term so they will need some form of debt relief in some form or 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 next year so the eventual restructuring the eventual write downs 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 euro zone's weaker economies should quit the currency online r.t. here is a very different solution. it's the best solution that germany would call for you all economists michael ross explains why the big boys should bow out it's an arty dot com along with more insight and opinion on europe's financial woes. the cash strapped e.u. is giving christine legarde much to think about in her first days in charge of the i.m.f. she told reporters that she's picking up the baton from her predecessor to deal was a problems and reforms that began under stross khan's watch but she's christine says there is still more interest in muckraking then 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.

engine grease. or 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 u.s. as well high unemployment sits atop a mountain of problems like the housing crisis 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 it's not the sexiest of news stories but still the inaugural press conference 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

herself and more to do with the reason why she's here. and what lessons do you think ought to be drawn from the way the u.s. legal system handled this case we could be any reforms in the human real life 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 but back to the i.m.f. or lagarde will take over then yes you have a couple of issues what worries you the most law 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 all income countries the 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. later in the day the kaiser report takes on the euro countries who are selling the family silver to stan float. 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 up income producing assets they're basically the they're tollbooths right it's not capital things that has nothing to do with capitalism capitalism and 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. made us actions in libya are cynical and costing human lives that's how russian foreign minister put it in an interview was russian state television alex find out what else he said here oliver joins us live from moscow pierrot interesting timing is next with. do in washington next week so what else has he said. well

sort of kill of over so she didn't say anything that he hasn't said before when it comes to the international intervention in the situation in libya however this time what he did do was use more emotive language if it was he referred to the going situation as cynical and also brought up the fund the bombing campaign in libya is currently. campaigns went on in some parts of the former yugoslavia. natures bombing libya longer that it was bombing yugoslavia several years ago and there is no end in sight it's obvious that politics is a cynical matter we hear from the western capitals that the bombing should go on until gadhafi backs off but the human cost of these political statements is very high. now foreign minister lavrov wasn't done just talking about libya also

brought up relations with the united kingdom saying that when it came to visa free travel within the bridge between russia and the united kingdom that the lead for. several years ago wasn't a deciding factor no alexander litvinenko a security officer from the pro-forma security office and russia was killed in the n.t. thousand and six. in britain no he said that although some of his british partners may think that this was a a deciding factor in far as the russian side goes this wasn't anything to do with us when it came to these a free travel between the two countries and in what was essentially a triple header from the foreign minister he also brought up the fact that if a united states has proposed missile shield missile shield in eastern europe if russia was to be involved in the us then russia wouldn't be against it so three

key statements from the foreign minister right there. all right peter thanks very much for bringing us this update that all are there. still have for us our why seeing the light could be deadly for air travelers. an. ally now arriving from work dazzled by paul paul green light that they are prompted by someone on the ground lucky nothing but wrong but you did some damage from the time before that accident occurs. plus artes close have teamed meets the seniors of siberia one of the region's oldest cities helps and slowly elderly citizens. a friendship bound for gaza with aid has been stopped in crete it comes as the un is due to report on the raid on a previous humanitarian flotilla by israeli troops in may last year when nine turkish activists died after commandos stormed their vessel the incident continues

to drive a wedge between israel and turkey are now 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 as 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 dispute is istanbul's insistence that tel aviv apologize for its role in events 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 report today tuesday and this has been an impetus for both the israelis and turks to try and on out their differences for reconsideration because most people do understand that if the report is issued with all three consideration

it will be much harder for the reconsideration to be made at a later date now it is also widely understood that the report is likely to uphold israel's legal right to impose a naval blockade on gaza but at the same time it is likely to charge these raids 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. are reporting there our news is updated around the clock at r.t. dot com let's look at some of the other features you'll find there now. detained for clapping their hands police while they clamp down in a struggle to stifle peaceful protests in bellerose plus. the best crackers in the world can do this in sixty minutes fortunately i need something to do in sixty seconds your journey just. wifes imitating art in mexico where police discover that mexican drug lords are kidnapping computer hackers to help them one

their banks make sure you take the legal route to our website and gathered. tales that are to dot com. airliners are at their 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 a laser shown into the cockpit this year dazzling pilots just when they need all their concentration reports on the police hunt for the whole gas behind the potentially lethal lasers. already in the clear proof that the does a laser in the eye can be a major distraction for food bill or christian ranald it's meant and. the consequences could be catastrophic if someone is stalled get it while flying an aircraft with hundreds of passengers on board and 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. one the pilots of a passenger ally in a riving from istanbul were done as old by popple green light aimed at the aircraft by someone on the ground just minutes later and not that. lucky nothing what's wrong but yet it's only a matter of time before that that accident occurs to me we were going to during landing just a hundred meters above the ground when we were only a kilometer away from the runway as a result we were in danger of losing control the crew was dazzled in the catastrophe could have happened. in the worst case scenario pilots can land automatically but not whole aircraft in london or to pilot and even if they do those in the cold feet need to remain in control and be able to see. the effect of a laser beam on

a pilot can be compared to that of lightning it blinds you. potentially lethal laser guns imported from china can be bought in russia for as little as 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 for this offense though some are shining a spotlight on the police calling for more action the question was in court of everyone's waiting for new laws there's no excuse for police and action out of 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 by other means would be classed as terrorism public concern in russia is

rising about the potentially equally serious risk from laser lots and their high tech hooliganism it's in a grouch over fourteen skin. cells take a look at some other stories from around the world and police have stormed a cannon garden in southern alasia workbag armed with a machete held thirty children and teachers captive that of the hostages were injured in the seven hour seed which ended when security forces subdue the man his motives are not yet known. train has had a boss on a railway crossing in northern india killing at least thirty five people the bus was on its way from a wedding party with about eighty on board when its absolute broke a man's crossing most of the other passengers have been injured train pushed it more than five hundred metres before coming to a halt. south korea will host the twenty eighteen a winter olympics the city of chung beat its two european rivals munich germany and

annecy in france it's third time lucky for south korea which previously bid to host the games in two thousand and ten and twenty words more on this in our sports board him then drew next hour. next in russia close up we take you to the gateway to siberia. we are in their career gone region which lies south of the my old mountains and is dissected by the renowned trance iberian railway 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 siberia's oldest cities and one of which is developing a new life for its senior citizens as a convoy has been discovered. according to the last census people of retirement age

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 gloomiest loneliest and in economic terms the least secure 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 decrease the budgetary burden associated with providing for the elderly population and on the other hand give senior citizens the love and care that they need 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 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 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 least they would accept me in a retirement home yet her faith to get trained she could never have expected when i . xander 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 we were really longing to how grandmother in the house for advice accompany another depression around this family's part of the senior adoption program pioneered and began region six years ago the local authorities say it's a win win for all involved senior citizens receiving family care and they're

dotting 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 valuable. if you place a sunni or a citizen in a nursing home it costs the local budget between four hundred and five hundred dollars per month but they live with family this is down to about one hundred dollars per person the economic effect 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 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 associated with shame and stigma and it seems that the idea of living with strangers is not the easiest sell either.

one dysfunction or joint goal in that her mother their 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. like it here we haven't heard a single fight but for them why should they care for me when they 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 that it helps her remaining time will be brief she says at least now she has somebody to talk to. getting older is one of the biggest fears in the russian society on par with worse over terrorism natural disasters and crime and while in the west people are perhaps of about ageing mainly because of the associated health problems here in russia aging is linked to poverty loss of dignity and war illness. but at least for these two pensioners it's no

longer the same old story. or it's called on the region and business is next with. that's right time for a business update a very warm welcome russian energy giant gazprom is losing european consumers area has followed creation and significantly reduced gas imports from russia the country aims to replace the gap with its own gas and alternative supplies turned on stern from that also it is a tutor for energy studies believes the company may lose even more if its price sponsor 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 at a low price and the answer at the moment is he wants to hold the price relative to all the oil and sell less gas and that's that's fine that's ok 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 were you could i mean that is a that is a sovereign choice for russia and a commercial choice for glass probably what i would say is where does gazprom see its european market in fifteen twenty years time doesn't see itself selling the same amount of gas as it does today in 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. by for a quick check on the markets but for all the losses as investors but shrinking stockpiles and signs of economic recovery in the u.s. the light sweet is trading at around ninety seven dollars a barrel while brand is set one hundred forty dollars a barrel and european news is the high on a record think the previous sessions declined with the investment kirsch by overnight gains on wall street and in asia and awaiting interest rate decisions in britain and europe. and the russian markets as trading strongly in the black

tracking gains in the u.s. and asia investors here are still has time to make a new big moves in into the patient of keeping all the data from europe let's now have a loop because some of the individual show moves on my successor may just caving in with strong occurred with two percent proprietor's also up supported by news that may see a record net profit in the year and generated company i would u.k. for use among the main game is that by news of you competing russian energy conglomerate being created from was considering marching itself this is generating business with another russian energy made. i.e. as holding if agreed the joint company will become the country's biggest pop producer with an estimated value of at least seven billion dollars rational to make a group was continuing to put the financial crisis behind it it's increased sales twenty five percent year on v.a. in the first five months of twenty eleven the results have kept pace with the core

of the group saw in two thousand and ten when it returns to profit c.e.o. four anderson says perhaps only utilization program helped recoup production of the crisis. this is a volume business if volume had not come back two hours this would have been very difficult so the combination of calls to call to avoid your help does and without was your we could up there been there and it's going back to our customers with customers trust our products. good news for the russian film industry as two banks were created to help out one of the country's largest conglomerates stemmons mass media heavyweight. and i n g will see its filmmaking subsidiary get millions of dollars more in a culture explains how this could impress russia's 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 thanks to intellectual property.

together. for announcing 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 we are in g. has a lot of experience with doing this to us and we europe this market will develop in the same way the maturity of producers in russia are looking for government subsidies or to make deals with t.v. companies in this tree experts say this could change things around the only problem is not a lot of production companies own the copyright to their films the t.v. channels do the fact russian world studios has such a big library it can use as collateral is unprecedented but with the producers should be interested in the audience voted for the films with money and to make that happen we need to make film production and industry so that 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 going down only six of the sixty nine movies produced locally last year made a profit all the separate part of a bigger goal to reply process film industry to get international investors involved their local productions and attract more funding russia may be a poor cry from hollywood but it seems to be going all out to give international blockbusters like best one ever run for their money marina call serve business r.t. . but for some of the business boys and i'll be back unless someone else time for more business stories here on r t so stay with us.

twenty years ago in the largest country in. the suitcases of. what had been trying. to teach began the journey. where did it take them. more news today violence is once again flared up. these are the images cold world has been seeing from the streets of canada. trying to corporations are on the day.