bailout fever in the e.u. continues as leaders thrash out a second billion dollar lifeline for greece even as the block arms itself against attacks by the u.s. credit rating agencies. in the light of europe's economic woes more serbs are questioning whether the country should join the e.u. those concerns haven't stopped serbia fulfilling its plan conditions towards e.u. membership. as news corp chiefs try to weather a major media storm critics say there's no surprise the scandal erupted in a society where privacy has been it's really devalued.

around the world around the clock you're watching r.t. or forced into action by the teaching economies of italy and spain even leaders and private investors have agreed on a second bailout wealth around two hundred twenty billion dollars to prop up greece is unraveling the economy in an unprecedented show of solidarity to save the ailing europe heads of states and soon a greater plethora of new laws to protect the union from u.s. credit rating agencies but he's the new bush reports from brussels. greece needs a second bailout and leads what's being called the euro zone's first ever default the deal involves athens pouring more cash yet more money it has to pay back the agreement also requires private investors to swallow some losses something be

likely to resist e.u. leaders also call on them to pump new funds into the country it's unclear how willing will be for that after such a kick in the teeth above all the experts are warning this is just a sticking plaster over the euro's wu's which will tackle the real problem the vols bits of southern euro zone states greece have been rioting on the streets refusing to accept the e.u. savage cuts including lower benefits and salary freezes portugal's prime minister was forced to resign when the country's parliament blocked his austerity proposals italy paused to painful spending cuts just last week but italians already planned a national strike to paralyze the country and its economy is not bigger than greece is in the middle of it all the euro's richest member germany reportedly doesn't want to help chancellor merkel facing an election battle at home has claimed many things incorrectly but spaniards the greeks don't work hard enough i think they

must save themselves french president nicolas sarkozy is quoted as saying german egoism is criminal and that germany quote lacked solidarity with the euro very much a political project driven by e.u. leaders the sides of the euro zone two powerhouses germany and france in conflict is unlikely to calm investors who fear for the future of the single currency. boa sweeping measures negotiating body make it clear that block is committed to saving you at any cost and economic journalist patrick young says it's tempering q preaching the inherent flaws of us and finances. ultimately a lot more money has been thrown at the greek economy in the hope that that can stop the contagion but really a lot of it just looks like hype and i'm very very concerned that we haven't actually find a cure we've just got another sticking plaster what really the european union are trying to do here is they're trying to strong the globe but slowing the money

that's flowing out of the greek economy it can has been kicked down the road could be interest contingent still leaking to other countries such as ireland portugal even italy and spain are there and therefore we don't have a cure what we've seen so far unfortunately looks like hollow words hold words do not inspire confidence in markets and that has got to be some degree of a problem for the euro in the longer term. as the world watches and whether a second bailout will finally turn he can only fortunes around china and maybe using it is not to boost its image in europe that's according to professor joseph chain from the city university of hong kong. asia is quite concerned with the impact of it right on the health of the european economy and. the world economy people you need. most rational you can understand that you need all for all you need tough measures and this requires political will and

a willingness to sacrifice on the part of all parties concerned certainly germany and france are under a lot of pressure where the french and germans are willing to foot the bill of the european union countries in economic difficulties is a serious matter of concern to weaknesses of your role and to some extent the weakness is that the u.s. dollar is see as opportunities for china because of the substantial falling seems reserved. and to invest. some debts from the european union in the first place to demonstrate is support for european union to cultivate good will and to demonstrate. as a responsible stakeholder internationally. while there are still to come on the program a skeletons in the terms closet ideologues turns

a blind eye on edge human rights violations to the rebels expert opinion coming up soon. and the operation to bring the something gary surface of the group to start its final stage. these international chairman james murdoch has been accused of trying to mislead british m.p.'s by saying he was unaware of the true extent of phone hacking by reporters this testimony was silenced by two former executives who say no to cause them to three years ago but the illegal practice went beyond just run. as the scandal continues to grow critics believe the issue is just the tip of the iceberg in a society that values the privacy of the people. this comes as the scandal over phone hacking by the murdoch media empire rages on public and political theory has mainly focused on ruthless tabloids out of control prepare to invade people's

private lives and even the dad to get the story but some say in this day and age the whole concept of privacy is falling apart and in the us more rapidly than elsewhere every time you tap on your cell we're click on google or use your meal service everybody's sort of just clicks through that you agree to our terms and conditions well those terms and conditions are very very heavily weighted against you and your privacy interests and we see you breaches of privacy happening. all across america all across the world really in every sector surveillances randoms really this is all a microcosm of biggest surveille are all which is the state there's little americans can do with the state having sweeping access to their private information access that followed the nine eleven terrorist attacks under a new law known as the patriot act hassani law his privacy was taken away from him

in two thousand and two when he was the exchange by the f.b.i. for absolutely no reason he says and scrutinized for months without charge he's response for nine years he has voluntarily documented nearly every waking hour of his life on the web he has subsequently even turned it into a form of art see all the toilets that i've used so you know that over here for example you know that on sunday november twenty fourth of two thousand and seven i use this term and i went grocery shopping at safeway over there over seventy they got gas over here he posts copies of every david carr transaction so you can see what he bought where and when a g.p.s. device in his pocket reports his realtime physical location on a map and this is the shot he took on his way to our studio which was immediately out loaded on his web site as. john says he's extraordinary abandonment of his own privacy stems from the ignorance of the authorities in the fear they decided well that guy looks

a little different so he must be arab and if he's arab then he must have explosives everyone knows that that's a logical operation we we realize how ridiculous that logic sounds but when your country when your own country takes that on as the basis for a national policy. ignorance as the basis of national policy is a pretty scary situation. and that's how i got caught up for ha son piracy has become a rally of the past and he says he's not surprised that journalists or anyone else really would use the same surveillance tactics as the state in that sense it might be of no surprise that the chief architect of the patriot act the lawyer who put it together happens to be one of murdoch's hands used for board directors you served as assistant attorney general in the bush administration and was described by some as the purveyor of the most sweeping curtailment of freedom in the u.s. says the mccarthy era at a time when corporations and the government can easily hack into people's private

lives it doesn't come as a surprise when for example social networks give your personal information and companies or when other industries leave on breaching people's privacy in the u.s. it's so widespread and people have gotten so used to it that rupert murdoch seems to be part of the system rather than some special bill and with corporation has been undertaking some unique all lawful practices because here in america they're not so unique i'm going to check our reporting from washington our team. and the. people of el grills his crosstalk guests the consequences the phone hacking scandal is one thing that it has a taste for. we're going to make murdoch and his news corp of violator of the foreign corrupt practices act which has criminal and civil penalties and basically doesn't allow u.s. corporations to bribe foreign officials if york is bribing foreign officials as is

really a case they're talking about a hundred hundred thousand dollars or one hundred thousand dollars worth of bribes to the london police if that happened while the law and the f.c.c. should look at it and say that the twenty four stations you own they cover forty percent of united states he should not be allowed license of the news corp's licenses should be revoked i don't ask. having to define what he means by bribe a little more carefully because that sounds slightly as though he's overstating it what some of rupert murdoch's british newspapers have been accused of doing is paying the police the story for stories giving them tips in return for tip offs and i think that is absolutely in demick within any tabloid newspaper culture it's actually any country in the world. that serbia is extraditing its last war crimes suspect i judge who should fulfill the final

condition needed to open membership talks with the e.u. pervert's some experts in the process of joining the e.u. was never ending saga in the light of a bad economic situation in some european states many serbs a doubt that the country needs to join a bloc party as perth is in the great. the last of the war crime suspects wanted by the un is heading for the hate it's seen by many as the last obstacle to serbia now gaining the membership it's some a skeptical that brussels. tastes once again the government keeps. its fulfilling new demands are coming from brussels where people are not feeling any benefits from it they're actually feeling that things are becoming worse as a result. support for you is dropping so there is a wrong if you have. the voting the voters or the government that stands and we

will probably continue for an official government poll just out shows support for eighty membership among serves at its lowest ever fifty three percent to pay for it down from seventy percent eight years u.k. it's nice surprise the increase portugal italy and many more econ keys are now struggling for the people here no longer believe that the game to be the answer to all their problems all show. are so. many have relatives abroad and. besides. there. could not be successful. this is a disillusionment insert the egg the government apparent willingness to bend they the pack was to easy to mons serbia will get in return for years against nothing

whatsoever i mean serbian serbia has got many many more hoops to jump over before he can get anywhere close to a new membership so what could be next on the ease list well another major sticking point is to be serbia is failure to recognize breakaway cost of a belgrade that will never. happen despite many member states pushing for exactly that president that it. is moral and legal obligations have now been. the song remains the same as words. i mean it hasn't trains to has a chance is the largest that has interests of hundreds of the rest of your on had it certainly most certainly it will have a major obstacle in its race to even be sure there were it seems to be so be it so is it is possible to move the e.u. now he does so all the right. where on there around the clock you

can always find more stories on our website called some of what we provided for you that day russia is pumping up its military might literally inflatable tanks and jets complete with. actions being used to food potential enemies. or something like breathtaking pictures of russian cossacks before any credible stuff. got to that in full on our website. if. you. feel better than good. are sort of a troll back in the dark a part of our long. list goes back to

a time when people would write down their forces in the wild and pick up these huge it's important to mention the sheriff for the prosecution of the company may. feel . when they go out there is tough when. you have to hope that nothing bad. yes. we're chasing killers thank you gotta keep that in mind though there's a two million dollar bill please the rest if we're not superheroes we can be killed too you know they shoot me in the head i'm going to die. but you had run you know never go back to hide anything else wealthy british style. that's not on. the. market

why not. come to. find out what's really happening to the global economy with mike's conjure the no holds barred look at the global financial headlines tune in to cause a report on our. minds in russia would be soon much brighter if you move about song from feinstein crashing. through stunts on t.v. dot com. specialists have started raising the sunken passenger ship belgariad from the bottom of the volga river russia's central reported. it went down in minutes just two weeks ago drowning a hundred fourteen people a complex operation involves partially refloating the vessel pumping out water

before turning it off one thing let's hope the efforts of thawing fifteen bodies still missing after the tragedy the plan is whether the pendent them and difficult area with experienced technical problems. a mass grave of alleged progress off the soldiers has been discovered in a rebel controlled. there in libya according to a british newspaper the location was swiftly after the discovery suggesting an attempt to cover up the killings the bodies were reportedly mutilated to the recent concerns of human rights abuses gobbles such crimes are being swept under the carpet supported venters was in region. spokesman for the british civilians peace in libya. i think really fundamentally there's been a problem the way nato the nato nations and their media have related to these so-called rebels i mean these rebels have been conducting mass lynchings offer off of black people throughout the first several weeks and months of this crisis and i

raised this directly in press press conferences and the answer was what silence it was uncovered in the media before because this does not fit the narrative since the nine hundred ninety nine nato aggression against yugoslavia which was we are conducting these wars not for geopolitical control and domination of monopolization of mineral wealth but for humanitarian reasons so how can it fit the narrative of these rebels which nato and the nato countries are supporting lynching black people who are conducting all the atrocities they accuse him of gadhafi side of conducting but actually the rebels are conducting these things so it doesn't fit the narrative . without some other top stories from around the world this hour computer hackers reportedly cracked his internet security system accessed with data a group calling themselves none of us posted tweet fall into restricted committees to contain information allowances operations in the balkans is that the breach is

in response to the recent arrest of twenty one people use of cyber hacking. bonus and sympathetic. and it's found. and there's already a taps the websites of major companies and government agencies. people affected by last year's earthquake and tsunami in chile have clashed with police in your forty's are going to build devastated areas to the protestors living in temporary camps shelters since the powerful tsunami swept away their homes where they claim the government's reconstruction efforts are too slow about their new houses are built police responded to them astray sheds a tear gas canisters attempted to block a major highway. and the heat wave gripping the u.s. has reached the east of the country. for the healthier boston and other cities

along the coast are taking precautionary measures temperatures in the affected areas have been holding up above eighty seven degrees celsius weeklong conditions have already resulted in at least twenty two deaths across the country. from the inhospitable weather states to the inviting that this is a day to day bring you a special report from one of the most picturesque of them out there is that night national park in russia's evils. discoveries b.g. . communicate with the. test yourself and become very. nature can give you. your up to date

with the main news stories about it such as the business world. and publishing companies a lot more access to overseas markets now we can start from small very well absolutely carol russian companies will now be able to list up to one hundred percent of their shares abroad compared to the previous twenty five percent so as you can see it's a significant change there and of course we'll be keeping an eye on this developing more on this later in the program before that the russia's economic growth is slowing despite a high oil price the anonymous ministry says the country's g.d.p. increased around three and a half percent in the second quarter compared to more than four percent of the beginning of the year however a look at the outlook for the second half is brighter. in the first half of this year the ministry of finance run a tight fiscal policy and the central bank started typing monetary policy in order to get inflation back under control and they've done it inflation peaked at nine point four percent tonight in its new fall and as the new harvest comes on the

market and in advance of the election fiscal policy is turning from being trying to run a surplus to being expansionary and running a deficit so i think that you'll see this fiscal stimulus on the back of the tightening labor market in the press news from construction agriculture push second half growth up strongly so i think that this is just the last. the last outcome of the central bank in ministry finances time. first off. let's take a look at the markets now crude is climbing for the fourth day as investors hope for growing demand amid optimism in europe and the u.s. will deal with the or death crises also the international energy agency says it won't expand a release of oil supplies and in asia shares are trading strongly and the black on reports about a new bailout for greece european leaders empowered to your four hundred billion euro rescue fund to buy debt across stressed euro nations can also help troubled

banks financials are among the best performers in asia tokyo technology sector is also supported by strong earnings reports of u.s. firms such as micro devices and san disk and hong kong energy firms are benefiting from higher crude than here in moscow the r.t.s. is joining the global rally by six will start trading in a few minutes. equities in russia have been largely affected by the turmoil in the e.u. and the us but rather nash capital says it's time investors look to stocks reflecting local trans. so far this year has really been the oil price it's been what's happening in europe what's happening in the us but you know what will drive russian stocks over the longer serve and that's how investors should think is what's actually happening in russia and you know reforms in the financial side the growth of russian pension reform this some of the reforms that have taken place in the

utility sector you know these prove provide an underpinning so the russian stocks that will last longer than you know the latest headline that comes out from bloomberg so i'm looking for stocks like sperry bank like the utility sector like some of the consumer names right now. put into that into that category as well you know stocks that reflects what is positive about rush limbaugh's changing in russia there's going to be volatility in all of those names but i mean what's happening elsewhere but over the longer you know i think you should invest into the russian story not into what may or may not happen in the senate in the u.s. or between euro zone governments in brussels. but companies are getting broader access to overseas markets federal service for financial markets has decided to allow them to list up to one hundred percent of the earth shares a broad placements were earlier limited to twenty five percent in order to spur demand for stocks on local markets however officials admit the limits failed to help instead the russian firms held placements through offshore structures as they

were seeking to raise more cash abroad all these ing will not for a way to strategic enterprises. but brings us up today here in the business desk and for more stories remember that you can always check out our website r t v dot com slash business see in an hour's time.

forty two thousand americans die each year from car accidents in the thousand.

seven hundred thousand people hurt and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us here part disease is even more devastating it shows over eight hundred seventy thousand americans every year. welcome to the. what needs to be splash in the world of heights. what turns events science into i ching products they don't understand trophies is going to be full of russian leaders to keep your betters and broads and their feet great through. sunlight on stocks on technology update here on. the future coverage. wealth of british style holds that's not on the title of.

the. market financed scandal find out what's really happening to the global economy for a no holds barred look at the global financial headlines tune in to cause a report on our team. if. any is easy. to. see.