and has been holes that if investors have seen their shares rally all know. however historically of the such deals we do see around the week over improvements before falling back again now we've had reaction from e.u. leaders today. of course has been criticised for really coming out and saying she wouldn't help greece and doing everything really to save face at home of course facing election battle where she's been criticised the germans will have to bail out greeks even seem to put pressure put further pressure on countries like greece by saying they have too much holiday time which really didn't go down very well in athens now she's come out and says it's quote historical duty to save greece she did that it was a significant step to help your support the euro and the euro is good for us the euro is parts of germany's economic success and without the euro is unthinkable really talking up this deal but as we've seen really there's not so much

a similar reaction from objective sources if you like and sit down you know european leaders confident that this will bring an end to the blogs debt crisis absolutely private investors are expected to play a key role in this bailout they're expected to spend to the tune of fifty billion euro as part of helping greece now private investors never liked having to lose their own cash just fishley when they've been almost as part of this deal the new funds for greece that we wait to see how private investors will react to this to this package. warning. that this really doesn't doesn't fill the essential problem which is the balls that euro zone states in around the mediterranean greeks of we've seen the rioting on the streets they're really refusing to accept the really tough. cuts would have been imposed on them by the

european union portugal prime minister as we know resigned after his all thirty proposals were turned down and italy which last week just a new all thirteen proposals is seeing threats of a national strike to paralyze the country and of course its musical memory is much bigger than greece's ok daniel many thanks daniel bushell there reporting for us from brussels. now the sweeping measures negotiated by the e.u. made it clear that block is committed to saving the euro at any cost but economic done this patrick young says it's only a temporary here patching over the inherent flaws of eurozone 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 staunch the blood that's flowing the money that's flowing out of the greek economy that can has been kicked down the road the danger of contagion 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 unholy 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 and as the world what is whether a second greece bailout will finally turn these economic fortunes around there's growing concern that not small may have to be done to stabilize the situation but that's according to italian tell us. but you will it's a necessary measure to use to at least stop for the more men it is obvious it was a rambling euro now in the following days and weeks we will see if other major it will follow the big floor and he's

a crisis dating is dead. lack of economic leadership there is no. need of brown yeah i'm afraid there are mosques some some stuff your prices must be made and we must be on top of her because many things can go wrong and in history many things that have gone wrong is not only not too packed expenditures are increased taxes but new policies they should spur growth are necessary if these policies don't come along and it will be a mass. well still to come on the program skeletons in they say his closet why the alliance tons of lines and edge violations by and exactly rebels it's about opinion coming up an. operation to bring the sunken the cruise ship gary to the

surface of the boulder event with a stand and says it's final stage. news international time and james murdoch has been accused of trying to mislead british m.p.'s off to say he was unaware of the true extent of phone hacking by reporters his testimony was challenged by two former executives who say murdoch was in full three years ago that illegal practice went beyond just won a rogue journalist some of the media mogul rupert murdoch however denies the accusation and made fresh schools to make his testimony the focus of a police investigation and as the scandal continues to grow critics believe the issue is just the tip of the iceberg and i see no longer falling as the previous sea of people. as the scandal over phone hacking by the murdoch's media empire rages on public and political fury has mainly focused on ruthless tabloids out of control prepared 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 u.s. more rapidly than elsewhere every time you tap on your cell or click on google or use your mail 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 we see breaches of privacy have been regimes all across america all across the world really in every sector surveyance is rampant but really this is all a microcosm of the biggest survey are all which is to stay. 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 asana law his privacy was taken away from him in two thousand and two when he was detained 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 sealed or listen 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've used this term and i went grocery shopping at safeway over there on october seventeenth i got gas over here he posts copies of every debit card transaction so you can see what he bought where and when a g.p.s. device in his pocket reports his real time physical location on a map and this is the shot he took on his way to our studio which was immediately uploaded on his website hasan says his extraordinary abandonment of his own privacy stems from the ignorance of the authorities but 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 the logic we're operating we we realize how ridiculous that logic sounds but when your country when your own country takes that on as the basis for national policy. ignorance as the basis of national policy is a pretty scary situation. and that's how i got caught up in it for ha son privacy 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 hand-picked news corps board directors 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. system across the 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 at

companies or when other industries leave bob breaching people by the seat in the u.s. it's so widespread and people have gotten so used to it that rupert murdoch seems to be perfect 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 r.t. . well in the new development consoled his policies russia's biggest out to all advertising company news out to all details on bass and business in about ten minutes time also on the bell grills his cross talk of the consequences of the phone hacking scandal and what it's having on both sides of the atlantic the full program coming up in twenty minutes time but here's a taste. for you know the u.k. would make murdoch and his news corp violator of the foreign corrupt practices act

which has criminal and civil penalties. basically doesn't allow u.s. corporations to bribe foreign officials if murdoch is bribing foreign officials as he is really a case or talk about a hundred hundred thousand dollars or one hundred thousand dollars worth of bribes to the london police. if that happened he broke the law and the f.c.c. should look at that and say that the twenty four stations he owns there cover forty percent of united states he should not be allowed license of a news corp's license it should be revoked i don't ask kevin to define what he means by brought up 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 the story is giving them tips in return for tip offs and i think that is absolutely demick within any tabloid newspaper culture in virtually every country in the world. now

before. being transferred to the hague where he'll appear before the international crimes tribunal there will be. standing in the early ninety's due to start conflicts including the massacre of over two hundred civilians taken from a hospital in the city of. head of the traditional friday and now this is ailing mother belgrade now who cleared the way for the country's entry into the. disaster for us reports and also the sure they'll find safe haven within the plot. the last of the war crimes suspects wanted by the un is heading for the hague it's seen by many as the last obstacle to serbia now gaining membership. gets the call that brussels will move the goalposts once again the government keeps.

fulfilling new demands that are coming from brussels but people are not feeling any benefits from it there are actually feeling that things are becoming worse so as a result. support for you is dropping so there is a growing. evolving the borders and the government that stands and it will probably continue to be an official government poll just out shows support for eighty membership among serbs at its lowest ever it's no surprise that when portugal italy and many more countries are now struggling for the people here no longer believe that the e.u. is going to be the answer to all their problems all show. many have relatives abroad and. things are wide. besides. they're all patients.

but even. this is a disillusionment in serbia if the government's apparent willingness to bend over backwards to eat in mons so we could be next on the ease list well another major sticking point is thought to be serbia's failure to recognize breakaway costs of a belgrade val's that will never happen despite many member states pushing for exactly that president but it insists that serbia is moral and legal obligations have now been filled the song remains the same is led zeppelin's. i mean it hasn't trains that has a chance as to why the thrust of his interests and projects the rest the rest of the koran had it subtly monsour me it will have a major obstacle to serbia and it's great to even bishop there with its staying still a long way to good services it's kept is part of the deal with the e.u. now he does. odd thing about great. where are around the clock or you can

always find more stories on our website at home here's some of what we've prepared things they're showing. politicians in moscow be a messy business especially for. and women in high heels in that allows you to waltz dolls and russian made calls all in the name of the prime minister. in. a minute she minds it to me inflatable tanks jets complete with a missile. being used to fool potential enemy. rescue teams are raising the sunken that passenger ship will bury the boss but the

volga river in russia is that republic of the cruisers mast in control could already be seen about the surface it went down in minutes almost two weeks ago drowning one hundred fourteen people the complex operation involves partially refloating the vessel and pumping out water before telling it to a floating dock it's the athletes will find eight bodies still missing after the tragedy the plan is weather dependent difficult and earlier work experience technical problems. a mass grave of alleged probe daffy soldiers has been discovered in a rebel controlled area in libya according to a british newspaper the telegraph the location with swiftly will days after the discovery in suggesting an attempt to cover up the killings of a body and. later without its recent concert by rebels sometimes being swept under the conference nato course in the region. of space that the

russians civilians for peace in libya and. 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 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 one thousand nine hundred ninety nine nato aggression against yugoslavia which was we are conducting these wars not for geopolitical control and domination of mccloy's ational 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 or conducting all the atrocities they accuse in the gadhafi side of conducting but actually the rebels are conducting these things so it doesn't fit the narrative of. i think all the top stories were around the wall and.

purportedly crocked nato's internet security system and that access restricted data the group calling themselves anonymous posted a tweet to the far labeled nato restricted the document is believed to contain information on the alliances operations in the balkans it's still the regions in response to the recent arrests of twenty one people accused of cyber hacking you know most people just need to be sympathetic to wiki leaks and its founder julian the songs and is already at the websites of major companies and government agencies . forty one people have perished in the central chinese province of six passengers exuding the driver being treated to serious injuries the vehicle carrying flammable materials bust into flames while traveling on a local highway reports claim the boss was seriously overloaded carrying forty seven passengers the accident follows the death of twenty three people killed for

speeding truck rammed into a tourist bus in central china's new paper things last month. dozens of people have protested in front of the japanese embassy in south korea denouncing japan's claim all the doctor. demonstrators have been angered by taking its recent panel korean airlines and japanese law makers plans to visit the island in two weeks time the two countries at the disputed the sovereignty of the audience for many against the regions they case you may see any cool distance from japan and south korea. the heat wave gripping the us has reached the east of the country emergency officials in new york philadelphia boston all the cities along the coast are taking precautionary measure as temperatures in the affected areas have been holding up above ninety seven degrees celsius conditions of already resulted in at least twenty. two deaths across the country. coming up next hour the moscow team takes

you to russia's so-called city of brides proving the country's cultural life doesn't stop at the borders of the capital. of bolivar the city of brides roughly three hundred kilometers from moscow this year it celebrates its one hundred forty year anniversary and with that says a whole range of exciting cultural events were built but symbols to exhibitions it's not all happening in moscow. you know there's business use of the way now with thirteen. thanks very much al as well rupert murdoch's news corp has sold seventy nine percent stake in russia's biggest outdoor advertiser dora sells advertising on

billboards public transport and other services in ninety russian cities the investor and management buyout deal is said to be worth three hundred fifty million u.s. dollars experts say the real value is the euro two hundred seventy million dollars due to company debt news corp has had at stake out for sale for five years after the company decided to pull out of the russian market the new owners say they plan an i.p.o. to recoup their investment. russia's economic growth is slowing despite high oil prices they cannot mix 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 at the beginning of the year however of the outlook for the second half is broader. in the first half of this year the ministry of finance ran 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 in may and it's there fooling with the new harvest comes on to the market and in advance of the election fiscal policy is no turning from being time to money in 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 and the better 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 of finance is tight first off policy. rushes dangling a tamping carrot in front of north korea enticing it to scrap its nuclear ambitions moscow new says gas promise preparing a plan to star gas deliveries of the country shuts its nuclear program the daily points out north korea would need ten billion cubic meters of gas annually and that the two countries may build a new pipeline however analysts say gazprom is no spare capacity at the moment and

such a deal could be concluded no sooner than twenty sixty. dollars take a look at the markets crude is climbing for a fourth day in a row as investors hope for growing demand amid optimism europe and the u.s. will deal was their debt crises also the international energy agency says it won't expand their release of oil supplies. european stocks are trading strongly in the black supported by the greek deal the new bailout should help cut the country's debt by six years of the e.u. empowered the year a four hundred billion euro rescue fund to buy debt of stress euro nations and that's intended to prevent the crisis from spreading over to other members he also made detailed provisions for a limiting the damaged. credit rating agencies declare a greek default. while here in moscow the markets are mixed the r.t.s. is in the black while the my six is stuck between gains and losses some stocks are

seeing profit taking as a trading week comes to an end. to look at some individual members of the buy six energy majors are benefiting from gains in oil price adding more than one percent norilsk nickel has slipped into the red despite posting a seventeen percent increase in net profit for last year while the same story was no attack earlier at a seven percent on reports french toto got a permission to buy twenty percent no tax project to develop gas in siberia and in mining sector of gold is edging lower as a group in sovereign debt problems have tamed investor appetite for gold related stocks. equities in russia have been largely affected by the turmoil in the e.u. and the us but brawn nash capital says it's time investors look to stocks reflecting local trans. what's been driving russia 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 term and that's how investors should think here's what's actually happening in russia and you know reforms in the financial sector the growth of pension funds some of the reforms that are taking place in the utility sector you know these provide an underpinning to russian stocks that will last longer than you know the latest headline that comes out on bloomberg so i'm looking for stocks like 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 depending on what's happening elsewhere but over the longer you know i think you should invest into into the russian story not into what may or may not happen in the senate in the u.s. or between you as our governments in brussels. russian companies are getting broader access to overseas markets the federal service for financial markets has decided to

allow them to list up to one hundred percent of their shares abroad the previous limit was just twenty five percent designed to spur local demand for stocks however officials admit the limits failed to help instead russian firms help placements using offshore vehicles when seeking to raise cash abroad phasing will nod for a way to strategic and crisis. well the tit for me for today my colleague which madame co will be here with you next hour was more updates but you can always check out what's happening on line r.t. dot com slash business by for now.

the issue is that so much of the taxpayers' money or maybe it was never real. gaming the campfire as the phone hacking scandal in the u.k. involves more victims and politicians will recover all eyes are on the future of. india oh she's a mate of the movie joint. that's the going rate for joe the brendan perry

truly told us to. say don't need to go and kill your brother said the colonel was virtually a retreat. it's all here and this is. the e.u. continues as he does rush hour a second billion dollars lifeline for greece even as the. against attacks by u.s. credit rating agencies it's. in line to europe's economic woes for fitting its final conditions towards even membership of the former croatian. heading to the criminal tribunals. and his duties corp. major media still critics say there's no surprise the scandal erupted out of spying on people's

privacy is being said didn't. we bring you more now on the phone hacking scandal and all debates across told people about gas about this as tim pads on both sides of the atlantic and the implications of the muddled media empire. and you can. follow and welcome the crosstalk i'm peter lavelle came in the murdoch empire as the phone hacking scandal in the u.k. engulfed more victims and politicians look for cover all eyes are on the future of news corp and its assets in the us and beyond has the murdoch family finally outfoxed itself. in. the cross-talk the implications of the phone hacking scandal i'm joined by kevin

zeese in baltimore he's a spokesperson and lawyer for the government accountability group protect our elections and author of an open letter to the f.b.i. and s.c.c. urging them to investigate murdoch's news corporation in the us in washington we have dave southdown and he is communications director for free press and in london we cross to toby young he's a journalist and author of how to lose friends and alienate people all right gentlemen cross talk rules and in fact that means you can jump in anytime you want kevin if i can go to you first because of your open letter here i took a look at some of the buttons laws and bylaws of the f.c.c. and they basically their job is to make sure how the airwaves are used and they have to ensure that they're used by people of quote good character who serve the public interest and speak with candor so does murdoch's television empire at least have any place in the united states today in light of what we.