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

worldwide news a live from moscow's city center this is r.t. research showing germany's finance minister wants to curb the power of the dominant credit rating agencies that can make or break economies most recently causing a euro stock plunge after downgrading portugal's debt to junk germany is at the heart of propping up failing nations but it's now questioning whether the bailouts are legal some economists the current interest in 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 sector as greece and it could have same sort of financial market response as

a greek people we have to remember the big republican been putting up with this with 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 really mitigate for that. they're still the pope probably will put one rest in the central countries such as germany where there's the outrage against the bailouts not just to greece but to countries such as. 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 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 the inevitable default they do 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 promise themselves in the long term so they will need some form of debt relief and some for restructuring so it's better to get through this sooner rather than later as all only increase in terms of 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 downs which need to be taken just get larger not to mention as we've already spoken about the political costs of continuing these bailouts and the austerity measures all our financial commentators have long suggested that the euro zone's weak economies should quit the currency online r.t. here is a very different situation. it's a better solution if germany would withdraw from the economist michael brass explains why the big boys should bow out so r.t. dot com along with more insight and opinion on europe's financial workers. the cash strapped e.u. is giving chris. god much to think about in her first days in charge of the i.m.f. she told reporters that she's are picking up the baton from her predecessor to deal with the problems and reforms that began under strauss khan's watch but not easy christine has our says there's still more interest in it muckraking than money

matters i 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. 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 there's actually a good news story but still the inaugural press conference for the new managing director of the i.m.f. there garner quite a bit of media attention most likely it had left to do with christine lagarde so more to do with the reason why she's here. campbell what lessons do you think or to be drawn from the way the u.s. legal system and though the stratus time case we could be any reforms in the human rights and human resources policies here you play in any changes in the white 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. 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 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's suffering the most are expecting aid from the i.m.f. has been presented at times as the only option as i stared the 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 this hope first ability in an unstable world in washington christine for south r.t. and a lot of us are here and i'll tell you the kaiser report takes on the euro countries who are selling the family silver to stay afloat. for 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 they're tollbooths right it's not capital things that has nothing to do with capitalism capitalism in the 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.

eight minutes past the hour here in moscow nato's actions in libya are cynical costing human lives that's how russia's foreign minister put it and in an interview with russian state television let's find out what our sokoloff have to say he's put on has more details from the heart of the russian capital. supporters who are trained here in the russian capital city below floor of the russian foreign minister has been. poor ing scorn over what he sees as a cynical. developments a cynical developments in the ongoing military campaign in libya and the ongoing situation there now he made reference to the the fact that it's the bombing campaign in libya is currently by nato has currently gone on longer then the bombing campaign against by the same organization against certain parts of the former yugoslavia. nato is 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. i miss the laughter of went on to talk about the relationship between russia and the united kingdom now in recent times we have seen that relationship souring the proposed visa free regime between the two states could be put in jeopardy due to some reports coming out of the united kingdom that suggest that the the investigation into the death of former russian security officer aleksandr litvinenko was going to be a major stumbling block now so he went on to say that as far as his negotiations as far as his talks with downing street went the alexander litvinenko question wasn't a major issue as far as it came to the visa regime between russia and the united

kingdom i wasn't just there where he ended he also went on in what was essentially a triple header for the foreign minister to talk about the proposed nato anti-missile defense shield to build eastern europe no risk to love rove said there should be consulted on this and involved in. the creation of this anti-missile defense shield based in eastern europe and it would do great great tunes to get rid of a cold war atmosphere in the air. are right that a lot still ahead for you this hour here on r t why seeing the light could be deadly for air travelers pilots of a passenger airliner arriving from is to board work that's sold by possible green lights aimed at the aircraft by someone on the ground lucky if nothing was wrong but it's b.s. it's only a matter of time before at that accident occurs. plus

how to use a close up to reach the seniors or siberia that's one of the region's oldest cities helps its lonely elderly citizens. a french ship bound for gaza with a has been stopped an increase it comes as the u.n. is due to report on an israeli raid of a previous photo in may last year that was when nine turkish activists died after commandos stormed the 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 israeli and turkish citizens have been meeting around the clock in new york to try and reach some kind of formula that is acceptable to both sides at the heart of the just speech is its symbols insistence that tel aviv apologize for its role in the

bins but so far israel has refused to do this offering instate with grateful 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 death of course today thursday and this has been an impetus for both the israelis and turks to try and find out the differences for reconsideration because most people do understand that if the report is issued with all three conciliation it will be much harder for there to be consideration to be made and in may two days now it is also widely on. student report is likely to uphold israel's illegal weight to impose a naval blockade on gaza but at the same time it is likely to charge the israelis with using excessive force that is what has so far indicates you bet 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. parties are said reporting that well our news here and also yours are updated around the clock at

r.t. dot com let's look at some of the other features you'll find there right now and you train for clapping of hands police a volunteer come down in a struggle to stifle peaceful protests in the roofs plus the. best crackers in the world can do this in sixty minutes from fortunately i need something to do in sixty seconds because your lives imitating art in mexico by police discover that mexican drug lords are kidnapping computer hackers to help them plunder of bribes and make sure you take the legal route to our website will be tough waiting for you at our time dot com. airliners are most vulnerable during takeoff and landing and now there's an increasing threat from the ground with a beam of light more than fifty planes in russia have had lasers shown into the cockpit this year doesn't pilots just when they need all their concentration parties are going to grow a matter of reports on the police hunt for the hooligans behind the potentially lethal lasers i really have become clear proof that the downs

a laser in the i can be a major distraction for food dollar question right now and. the consequences could be catastrophic if someone is targeted while flying an aircraft with hundreds of passengers on board and blinding hundreds by laser beams has become an increasing uses in russia over fifty attacks registered since the beginning of the year. the latest incident was that. was when the pie. tupolev ally in a riving from istanbul were dazzled by possible green lights aimed at the aircraft by someone on the ground just minutes later and not a problem. but the topic was wrong but yet it's only a matter of time before 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 a 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 cockpits need to remain in control and be able to see. the effect of a laser beam on a pilot can be compared to that of lightning a blind you potentially lethal laser guns imported from china can be bought in russia for as little as a hundred dollars firing a laser beam as far as five kilometers they can burn through paper and even plastic . in the u.s. sales of such devices are banned russian legislators are also considering outlawing them and toughening punishment for this of fans though some are shining a spotlight on the police calling for more action the question of 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 sorts foods 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 and russia's rising about the potentially equally serious risk from laser allots and their high tech hooliganism it's been a grouch over our team. now just after quarter past the hour here in moscow if aliens ever visit us they may just blend in by being similar to us two arms two legs and the same skin tone so says a leading russian astronomer in the next hour here on out see. if there is a joke we have the fact that extra terrestrials are not contacting us proves that

they exist and they're smart in my opinion life and intelligence should exist elsewhere tool should be highly human like because fundamentals i would personally like including the fundamental laws of the pollution but of living organisms should look into. it with r.t. let's look at some other world news for you in brief this hour police of stormed a kindergarten in southern malaysia where a man armed with a machete held thirty children and teachers captive none of the hostages were injured in the seven hour siege which ended when security forces reportedly shot tear gas and in order to subdue him he's now in custody but it's motives are not yet understood. a train has had a bus on a railway crossing in northern india killing at least thirty five people and the bus was on its way from a wedding party with about eighty on board when his absolute broke with the other man a crossing most of the other passengers have been injured the train pushed it more

than five hundred meters before coming to a halt. will host thirty thousand and eighteen a winter olympics. beat its two european rivals munich in germany and i see in france it's third time lucky for south korea which previously bid to host the games in two thousand and ten and two thousand and fourteen i will have more about in our sports bulletin next. well the next in russia close up here on r.t. we take you to the gateway into siberia. this time we're in the could have gotten a region which i live south of the mighty ural mountains there's a bisected by the renowned trans-siberian railway it's a lush landscape has made it a prime spot for russia's food basket given your favorite cultural change at its

heart lies a caribbean city one of siberia's oldest systems and one which is developing a new life for its senior citizens. because of infighting. according to the last census people of retirement age that's there's a 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 gloomy long years and in economic terms the list 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 alexandra ivana 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 work so much they would say you don't have kids but i do need money and i would respond if i had kids they'd help me when i'm old but 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 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 hug grand marquis house for advice company and old prussian around this family's

part of the senior government program pioneered in the program 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 of villages where jobs are secure any source of income is valuable. before 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 they live with families it's down to about a hundred dollars per person the economic effect is obvious but the most important thing is that elderly people enjoy the comforts of panel life yet despite its apparent all round appeal the program is still small involving only around fifty passionate and there's 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 associates machine and stigma and it seems that the idea of living with strangers is not the easiest sell either. one dispassion or joined believe that her mother the arrangement was it would be only for a year or so not to seventy two and has no children or close relatives and she's deeply concerned her deteriorating health will be a burden for others. like it here we haven't heard a single fight for them why should they care for me when i can barely move around i don't want to burden anyone. not doesn't feel there is a lot to celebrate about being all that helps her remaining time will be brief she sounds at least now she has somebody to talk to. getting older is one of the biggest fears in the russian society. over terrorism natural disasters and crime

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 wellness. but at least with these two pensioners it's no longer the same old story that's not breaker morant he called on the region. a recap of our top stories for me in just a few minutes i but now let's see what you know. from the world. ever warm welcome to the business program russian energy giant gazprom was losing european consumers or carrier has followed and significantly reduced gas impulse from russia country aims to replace the gap with its own gas and alternative supplies turned on stern from the institute for energy studies believes the company may lose even more if its price falls who 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 and sell less gas and that's just fine that's ok policy but then he's not going to get gas a more important role in europe in fact is probably going to reduce gas israel in your book i mean that is a bet is a sovereign choice for russia and a commercial choice for gazprom what i would say is where does gas producer it's european market in fifteen twenty years time does it seem so 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. russian gas giant gazprom will merge its electricity generating business with another russian energy major i.e. as holding by the year round joint company will become the country's biggest out

producer with an estimated value of about seven billion dollars the merged companies are also considering an initial public offering meanwhile the federal monopoly service calls the merger as unwelcome and hasn't yet made decisions we must. have a check on the markets world bounced back from earlier losses and asked as drinking stockpiles and signs of economic recovery in the u.s. writes we was trading at around one thousand seven dollars a barrel ralph branches that one hundred fourteen points. european indices are higher the bank of england has kept its interest rates unchanged as worries about the economy's recovery out with his son's out of both target inflation the no changes the little surprise the markets as you can see the focus now is on the e.c.b. which is to announce its interest rates decision about ten minutes. so investors globo it keeping an eye on the proposed music press conference for fresh clues as

to systemically of the month for. i will say of the original debt crisis this is especially felt years ago out russia where the markets are trading strong with apply pressure against in the us a shock. all right as good news for the russian film industry as two planes have agreed to help out one of the country's largest conglomerates stammers must needs a heavyweight here and it still was. oh so very get millions of dollars but of course rights claims how this could improve russia's industry. in the movie world that money is king and in russia there's not much to go around when it comes to film but that's all about to change intellectual property. is prevalent together and are providing you 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 our engine has

a lot of experience with doing business in the us many europe will very soon this market will develop in the same way the majority of producers in russia are looking for government subsidies or to make deals from t.v. companies industry experts say this could change things around the only problem is not a lot of production companies own the copyright to their films lity channels do the fact russian world studios has such a big library it can use as collateral is unprecedented. with the digital producer should be interested in the audience voted for the films with money and to make them happen we need to make film production and industry so that we have a true capital. it's a very shaky time for the russian film industry box office revenues are up but the mastic share is growing their own only six of the sixty nine movies traduce locally last year made a profit all these airports are part of

a big. gold silver thought process combing the streets to get international investors involved their local productions and attract more funding also may be a far cry from what it would but it seems to be call it all out to get international book also is like that's one are on for their money moving up costs are about business our team ok that's all the business that's all europe so this whole business news unless i'm wasan with my colleague current account.

wealthy british style. sometimes the tires on the. market. find out what's really happening to the global economy with much stronger no holds barred look at the global financial headlines tune into a report on our. mission. could you take three. or four charges three. major and three. three. three. three blanket.