on r.t. struggling to save the euro e.u. leaders through brussels to hammer out measures to tackle the greek crisis what many say were the debt the epidemic spreading it's the very future of the single currency it's a state right now. peter on the eve troubles don't a terrorist state from wanting to join a surgeon prepares to extradite a war crime fugitive habits to the hague in its latest attempt to become a member of the plot. and investigations into the u.k. phone hacking scandal intensify with even more political figures coming under scrutiny and public betting on who the case might bring down next. also as washington is running out of time to resolve its debt and deficit issue

russia's concerns are increasing as it holds a lot of the international reserves the us gone by not once but even functions of. hello it's nine pm here in moscow you're watching r t with me kevin oh in this first team leaders have gathered in brussels for an emergency summit on how to come up with a promised cash for a second greek bailout but the epidemic is spreading with italy and spain now showing the first symptoms of serious debt a sense of impending doom fills the air as as he's done a bushel reports. the single currency will be good within two years warn analysts within the european that. there's a really very serious threat in. the euro disintegrate

politicians in richer states have been voters refuse to foot the bill but i don't think i've ever met any body in the united kingdom in london my constituency that actually wants to contribute to the continued existence of the hero because i think it's a stupid idea to start with and it's just chucking money down the drain pulling the plug on those states could trigger a chain reaction. greece believe investors can avoid quitting the euro. that in turn will support the exit of portugal even italy and spain. ireland portugal everybody said ok the bug is going to start there over the last couple of weeks we saw that also. spain over germany italy with germany started to go all europe's top banks hold billions of euro greek in portuguese did if those

countries go bust they could lose that money. we might see scenarios like a bank run that means that people will run to the bank in order to withdraw their deposits because they believe that the bank might not be able to pay them the euro's facing an existential crisis admits german chancellor angela merkel that's raising tensions across the globe. poland three times those at the moment the most visible the most obvious is clearly the eurozone problems but on the other side of the atlantic you have the u.s. economy well the recession but showing some very weak economic figures and suffering as well. e.u. leaders could work for the single currency here at the summit if again they fail to do a deal to halt the spreading your of exposed to the public plan it will take over denying them control don't you see brussels. it's makes good opinion now on the e.u.

emergency so to speak so financial writer peter bell paints a very good evening thank you being on r.t. international as the leaders then hold the emergency summit all eyes on the franco german rescue deal for grace but does not suggest only two countries there making the decisions for all seventeen nations in the eurozone. this is a political agreement on this is a political situation and the two biggest are simply france and germany to be honest i think the other fifteen are going to be greatly relieved if france and germany have genuinely sorted out their differences france didn't want the banks involved germany did various compromises have been made and that's going to be for the strength of all seventeen same question as last time though when this first bailout happened with all this talk of a second bailout for greece is it is it wise to throw good money after bad so a country which now has got a history of borrowing more than it can pay back well it's not wise but there is no

alternative or at least the alternative is even worse because if greece does not get more money and this time remember under much more specific conditions. very much more controlled by those who are lending the money if they don't get that money then in fact suddenly they will not be able to pay back and if they don't pay about bond holders who have now been draggin would be losing their money probably greek banks would be shorting people would be taking their money out of greece greeks even would be taking the money out of banks in europe and certainly gets at germany or simply hoarding it under the bed it would be a total meltdown that is really to nobody's advantage it is there is leagues are for posing from the says the private investors will participate in the second rescue package for greece but you know with so much at stake i guess they didn't have any choice it's all hands on deck isn't it right now. well certainly they have no choice again because the alternatives are so absolutely dreadful germany made it a condition official in some form or other be some private bondholder participation

of course the banks didn't like that they much preferred it when they could lend to anybody and they liked with a certain they'd get all their money back however ridiculous the learning was well they are going to have to pay a certain price this time around however the rating agencies became important turned what seems to be shaping up now is that the european central bank and the and the other institutions are going to say well even if the rating agencies american rating agencies say this is a default or selective default we in turn will back those baldwins and in the sense replace the guaranteed that the rating agencies are from like sort of before peter is such a mess is now i mean since the debt crisis started we have which is the single successful example of a bailout putting a definitive end to the troubles in the country cigs more countries a big dragged into it why is it all bowing so wrong. well

a bailout doesn't solve fundamental problems and you don't have you don't have a contagion financial meltdown unless you have something fundamentally wrong with your economy or with the way your country is governed and that very clearly is the case with greece now turning around very bad governance and i country particularly when you've got people on the street demonstration and very understandably demonstrating because it isn't necessarily the ordinary greeks who have been of their taxes and thereby increasing with deficit in that situation it really has got to be more hands on track and you have simply got sold on war you don't expect to solve the problem completely but there is talk of a so-called marshall fund whatever that would mean exactly in the case of greece and of making sure that the greek economy doesn't slow down because that has been part of the problem it's not just a financial problem i list greece has a growth economic growth it will not be in

a position to repay its debts let alone to run its government and its public services and so there has got to be some recognition that will sterrett a yes but not at the cost of strengthening the greek economy and that does seem to be coming from people now peter in ten seconds your prognosis for the euro will be around in two years. yes i think it will be around but we don't. but still work for lunch and writer peter perl thank you for your thoughts could have your expertise in a program thank you. well the cracks don't seem to be frightening off those still keen to join it we report later about that this hour. with the east coast struggling to keep its head above water there is still some time to be getting ready to get on board was gonna take it's a climbing on the titanic it started thinking. investigations into the phone how can coast is rocking the united kingdom are growing by the day with ever more questions being asked of key figures in political

media and police circles and as the scandal intensifies his impact threatens careers across the board next artie's lauren that reports on how the case continues to haunt not just rupert murdoch but the u.k. prime minister david cameron as well. but i was humbled. i'm enjoying this so. some major pins in the news hacking scandal may be well played but at the moment they're still standing despite pull off to school threatening to smash them out of the game. in the brain british prime minister david cameron that murdoch's chiefs of global news empire news corp also implicated the police accused of taking where will the next strike come in the phone hacking scandal and who led up the biggest turkey. there's been a large amount of fingers and just a lot of heads in the sand. and he's now in a real fight in

a real really bad situation he could well be looking at some serious consequences for himself at the very least still around him fancy a flutter on the much of the century betting shops have slashed the odds on cameron being the first m.p. to pull over hacking. and we've seen cameron over the last few weeks fall from the hundreds who want to be the next cabinet member to leave to fall to one year state just slightly crept up again to fight one today as a result of his statements in the house where we thought he gave quite a good performance the murdoch's may of george bull's coming from every direction from m.p.'s but it was someone not even in the game who hit the eighty year old kingpin right in the face with a party despite profuse apologies to victims of his own newspaper's unethical behavior he has no intention of stepping down. and the best person to keep is.

what's less clear is whether david cameron remains the best person to lead britain out of this crisis of confidence it's cameron's arch rival ed miliband who believes he's got the skittle shaking. and he's eyeing up a spare that will see the whole dot com much. so that the country now the leadership we need why why doesn't he do more why doesn't he do more than give us our apology and provide the full apology now for hiring mr colson and bringing him into the heart of downing street. commentators say the pin spotted machine has placed the prime minister on a firmer footing following wednesday's game in the house of commons but the match is still far from won you know. he is damaged before he was going to go and there's a very intense one cameron because none of that sort of damage. can the government

actually stop him this scandals forced resignations all round top executives at news corp and the u.k.'s two most senior police officers many are asking if the prime minister will be next to find himself lying face down in the gully. david cameron's promised a full some apology if it turns out and he calls and was lying to him about his involvement in phone hacking but some say that won't be enough when this is over and we're a long way from that it's far from clear who can survive the frame still to come and remain standing at the top of the media the police and the government. who. you are not see london. those sagar those communications director of the american owned geo free press as opposed to me said we've only seen the tip of the iceberg as he sees it the crisis

. there's been a very cozy relationship between media and government throughout western democracies it's no less true in the united states than it is in the u.k. . and what we've what we've seen is is sort of a laying bare of that relationship in a way that that everybody suspected but now we now we can see that it's that it's that our suspicions are proven true the only surprise would be if there weren't more surprises and there is suspicion that something similar or to a lesser or greater extent has been happening in the united states if in fact it is found that the allegations that news corp properties were looking for looking to hack the telephones of nine eleven families victims or victims' families that is going to be a storm the likes of which you've never seen in the u.s. but all the stories passionate debate on our website form of many of the stories rules for discussion as well of course you want to join in please do it's about say dot com while you're online with us check out these two with a livery with

a difference in the lions. zero owners pledge to spend five weeks with this family of big cats hopefully we'll get a fingers crossed he will end up as the lunch he said to be the midwife find out more about that online and passions and fashion run high in some places but dozens of glamorous contestants putting on their high heels for one hundred meter sprint to find out what prize the bills are chasing. so b. is expecting progress and it's pretty to join the e.u. after the arrest of war crimes suspect go to and how to teach that had been a key hurdle indeed on the road membership that still needed clearing up how did may be extradited to the hague on saturday sara first reports from the serbian capital belgrade. last week of an unsparing much to the west the public opinion actually does this quite significantly now the last time i was in belgrade at the

end of last year i spoke to the deputy prime minister here and i asked him why there's still such a government drive this membership and he said that they really feel this as a chance the serbian people to have a normal life well the people here in serbia only have to look at what's happening right now in greece in spain in italy to see quite clearly e.u. membership is not going to be the answer to all our country's problems now add to that that they're also a very disillusioned with the government's policies and the way that they've handled this whole partnership and dealings with the e.u. they feel the serbia is being made to jump through hoops and it was there for filling all these demands that are put on and by the this being very little in return. what it usually gets would have nothing whatsoever. got many many more hoops to. jump over before you can get anywhere close to member ship the

e.u. is always linked thirty years in the ship with the full cooperation with the hague and we've already heard from president peres that he feels that they have the the moral and legal obligations to the hague so it's going to be very interesting out speed with this latest directive had it whether or not the e.u. is going to school not just with words but with action starts it seems that with the arrest serbia really has called brussels. so what are serbia's chances joining the gun of issues from the story corps project he's on the line with us now live from a bunch of country with us no good hearted she's been arrested and the serbian president says he's now the you in the eyes to see if brussels will keep its promise the big question is when it. of course it's all know it never was a list of demands will grow president is throwing people to the wolves like now

one by one in the hope that this all facilitates serbia's and free reign to the european union which for him and his destitute and in court with the garden means a new source of funding after the fire sale of serbia's economy for western financial interests. that human sacrifices made so far about whether iraq had no results whatsoever so he can go ahead so if you think it's that gloomy the outcome why did why did he do this was it to boost his standing at home with elections coming that. well yes i'm sure the adage is just delusional enough but think so but he or she will clean needs to be found reality memo because first in spite of the full serbia's media by western interests the serbian people are no longer as ignorant of the world as their rulers and their rulers own

servers but it's a big old show that about sixty percent of the serbs are opposed to call about joining the e.u. many have relatives abroad and are getting the picture or in the light of their own the promised land we saw it's who they are seeing dreams and there are some indications could not be successfully concealed or spun by even the those killed for propagandists. committing acts with a duck elation are opposed in the delusional hope of placating the right offering them something that they are not to see or speak about anyway all right if you are a clever political breed with your name stephen they fish a line from for a start it is that these arrests a war crime figure tends to be made to further moves towards reconciliation what's the real picture. well the real picture is that this is political mumbo jumbo and

even prison. probably will take it serious or there can be no reconciliation in the balkans. from haitian with. all that in the recent cold and nondiscriminatory punishment for all the culprits present system. is that. it's not meet those conditions. or publishes. impunity. from other. religions and serves. if you work at the reconciliation and you talk about the un court there in hopes to complete its mandate by twenty fourteen well the remaining trials now speed up do you think. you are right it was alluding to yes there have already been some indications that they are planning to speed up. some. and there has been

some talk of throwing. the issue but they haven't come up with the really important question is what position russia in the security council. people. issue comes up. and it will point out. why only hold me for that mistake it is. actually mine but. also. in the services for a project thanks your expert views on the program thank you my pleasure thank you all right elsewhere around the world tonight we bring up to date on three top world news stories the u.s. has announced it will send aid to famine hits mali but all. clear for sure that deliveries won't be ended as they pass through is missed religion controlled areas

the us declared a state of famine in southern somalia where nearly four million people are in danger of starvation and go overstating droughts caused the crisis said to be the worst to hit the region in decades its estimate of the stricken country needs one and a half billion u.s. dollars in aid now. for all the kenyans have been given legal permission to sue the british government over alleged atrocities committed during colonial times the claimants allege they were systematically abused in special camps set up to cross them out no rebellion against british rule the foreign office says it should not be held responsible for the actions of the colonial administration. atlantis through or through the very last landing after almost a fortnight in orbit the touchdown brings to an end thirty years now of the american space shuttle program but lance this is the last shuttle to be retired it's been put on display at the kennedy space center many future missions by u.s. astronauts to the i assess will rely entirely on help from russia. sometimes you

have to dig deep to reach for the stars they say but at least is the case in central russia region where beacher right fever spread in recent years artie's job the chance to catch a falling star. he don't believe in aliens said the time machine but they do spend most of their time looking for extraterrestrial matter it will take them billions of years back in time most meteorite hunters in russia do for profit but some still see it as their way off each hiking through the galaxy. this is the oldest matter you can hold in your hands there is a theory that meteorites are part of planets core just imagine this piece is about four and a half billion years old like the earth. this valley about three hundred kilometers east of moscow is their latest pitstop about ten thousand years ago the local fields to have a pounding from an ardent shower creating the most brutal meteorite ground in central russia is this covering two thousand was

a pure accident. if you get just with dog kids help with the draining after excavators left a local resident was passing by he noticed a rather strange broken picked up broccoli idly in his barn for two years until research program brought me to write some t.v. and sent it in for testing. within the next few years about three tonnes of meteorite material was discovered here somebody unlikely out of the nation he's on our staff he's the only dog in russia trying to hunt for rocks from other planets in many ways me to write hunting is a lot like gold digging you have to spend weeks in the wild hoping for a stroke of luck but in today's prices searching for these accidents or restaurants can be more profitable than even the good old gold fever marcion no lou when i meet her rights we are in high esteem and can cost two or even three times their weight

in gold the biggest findings usually gravitate to the united states and western europe where most me to write collectors at base and about russia got the law x. where the facts are terrestrial rocks ten percent of their value must be paid to this day still some delusion to try and dodge the need to write tax base for trial on hall was uncovered earlier this year at a moscow airport on its way illegally to the czech republic. for some their fallen stars but for others need to write an increasingly becoming a blazing hot new commodity for some work of art scene. hard on the heart of a special report coming up huge soon exploring how day to day foods can lead to dangerous maladies as well not be missed in a couple of minutes time and in time of danger with this one demetrius here with the business up there. hungry for the full sleep we've got it for us the biggest issues get the human voice face to face with the news

makers. would be so much brighter if you knew all about the song from silence to the pressure. starts on t.v. don't come. near to you watching business are the minority shareholders of preparing a lawsuit over b.p.'s failed bid to. ration their shareholders have won a russian court ruling ordering papers surrounding multibillion dollar deal to be

revealed this will allow them to evaluate the damages b.p. and ross nafs failed to strike the deal this spring as ten-k. b.p. shareholders claimed russian joint ventures should be the primary vehicle for exploration in the arctic. chain as a the board members nominated by b.p. didn't make it clear there was an opportunity for corporations which they should have done and as a result he didn't get to participate in this partnership and might have had losses . by the second leg of the markets would start with crude which has had a very volatile day in light sweet at the moment it's flirting with the one hundred dollars a barrel mark as hope improves about the fate of global economy and therefore global demand now why is that we'll take a look in just a second u.s. markets opened strongly that's after morgan stanley. the smaller than expected course of the last this is right financials for would provide yourself was up at

one point around six percent jobless claims however came out with a slight increase but a lot of the drive is coming from europe where the markets also ended in positive territory chancellor merkel and french president sarkozy agreed on a joint approach to greece's debt crisis ahead of today's eve summit and as i mentioned that in turn pushed oil prices higher and therefore russian markets had a very positive ending the first day straight up one point nine percent my six one point six percent also lower unemployment rates and accelerated retail sales in june helped let's take a look at some the main gate as and that's gazprom along with other energy shares again one point seven percent for examples but it was losing throughout most of the day but in the end joined the global financial rally up more than one percent because telecom managed to get a half a percent that's after gaining five and a half the previous session hears and grow the national. has been a really rocky market over the last the last few days as everybody is watching

what's happening in europe here can the eurozone governments find a longer term solution to this ongoing saga with the peripheral european countries in particular greece and today is the very first day today is that by the way eurozone countries are supposed to come up with some long term solution if they do but it's going to be respectful and you're going to see russia remember if they go there you know there is a potential disaster scenario i told my people very very nervous and uneasy not to see those traders actually the markets started off lower. and then there's a little enthusiasm for ferguson literally coming out of the european because the actions and therefore the markets rallied most of the day up next on capital of the headlines two states.

thing.