joy be the children's the i love you that's the gateway for the brand imperial college it's always was the coromandel you can a letter to chose the future civility to go clear read this in the kernel was her job as just a retreat. show of indignation spaniards unite in anger over their government's failure to deal with data mass unemployment as thousands rally on the streets of their injury. as the u.s. struggles to strike a political deal over its own debt crisis hillary clinton and tam syria sure the creditor nations of asia that america won't default. the mastermind behind the worst peacetime massacre in all these histories to appear in court to explain why there are doubts when terror attacks that claimed over ninety lines. plus germany makes a one eighty turn in stance on nato intervention in libya and proves

a hundred million euro loan to the rebels. this is r.t. coming to you live from moscow ten am in the russian capital on marina joshing thousands of protesters are packing out central madrid angry at the economic woes engulfing spain demonstrators from all across the country have been marching for weeks to demand quick action to deal with the country's debt a mass unemployment rate of those who was in madrid to hear what the protesters now known as indignance have to say. the cash in spain is going mainly down the drain at least that's the opinion of thousands of people who've rallied across the country working we're going to poll in the footsteps of latin american countries like parrot by mexico the government is controlled by the european bank and i have

never met c o i don't care about the people. so the people decided it's time to voice their concerns loud and clear before the lose more than just the shirt off their back spain has one of the highest unemployment rates in the eurozone so while the european leaders have been occasionally meeting and comfortable quarters to talk about the future of the euro and the european union itself people in the country have been demonstrating on an almost weekly basis demanding the government shape up stop talking and do something about the situation this is not just about higher wages and better pension plans with more than forty percent of young people in spain unemployed simply getting a job is a priority for those gathered in the trades central square the big part of the responsibilities from the government. because the government first of all did not create the conditions at the beginning of the crisis to fight against the crisis it

reacts very late. and on the other hand once the government about what to do. with government it's not doing their job properly because that would be in the obama people to wake up otherwise we'll just become slaves to the system and want to be treated as humans and they believe they can make a difference imo the government has to change things because they don't have a choice. with greece in shambles and neighboring portugal trashed by the rating agencies spain is facing not just a financial but a deepening. social crisis members of the so-called indignant marches see they want their dignity preserved but whether their calls will be heard is a whole nother issue it is. greece's attempts to solve its financial crisis also saw thousands take to the streets some turned to violence and

financial analyst max kaiser agrees with the protesters who feel the latest one hundred nine billion euro bailout with we're only plunged the euro zone deeper into trouble it increases the amount of debt an increase of the amount of bed in the eurozone it is crease of the amount of debt increase so this is a plan cooked up by bankers to repackage research. that's what they do and it crowds out the real economy so they think that this is going to help the economy grow their way to a position of paying off this debt or paying the interest on the debt that's not going to happen because by giving bankers more dead to control the productive part of the economy you are eliminating that part of the economy's ability to pay off this debt so the banking cancer is just becoming worse in the eurozone and worse in greece running out the banks they're not bailing out the workers or the people who

are on the ground so to speak that railing out european banks they're bailing out wall street banks they're bailing out other banks and so doing they're increasing the debt load so it's making the situation much worse and they're crowding out any ability for the workers in greece to generate enough income to pay off this debt this is consigning the population debt servitude. next guys are there and in the u.s. the republicans and the democrats fail to strike a deal to resolve the nation's debt ceiling crisis over the weekend but secretary of state hillary clinton who's in hong kong during a tour of asia says she has no doubt an agreement will be reached before next week's deadline well let's discuss this with economic analyst mark hacking who is in. misrata thank you very much for being here with us in the program so how realistic is this then for the republicans and democrats to to make a deal by the end of next week. but. friend you're speaking it doesn't matter

whatsoever because the united states is essentially bankrupt in any case if they increase their debt ceiling actually as the chinese rating agency dugong has been saying even if they find an agreement on an increase the debt ceiling is going to be as a result more so the u.s. has thirteen point five trillion off there and the nomination but it's not even to fiscal given clued in all of the unfunded liability is there the united states government actually keeps of the books and if you include this figure we're looking at two hundred trillion u.s. dollars of it's absolutely beyond control or alternately it appears that the united states will be facing a sovereign debt crisis very much along the lines of the so-called. periphery of it all sort of the other european sort of supposedly stronger countries will be expected major major debt crisis from the major western countries. suggests that

investors should stay out of the region and look for a lot for sort of a commodity is taught to hedge or protect against what's going on but we'll talk about europe a little bit later in more detail but let's now focus on u.s. china relations well the clinton is now entering asia and china is the largest foreign holder of u.s. debt and is particularly concerned is clinton's appeal to china and others not to lose face an american economic model enough at the state in your opinion. well of course that's a challenge for china and i think. the exports are obviously is a reason why china has been keeping supports the u.s. dollar and has it has been keeping buying u.s. treasuries and they're doing the same as the euro zone they have tried to support of the latest euros and debt crisis by. stating that i would support a euro zone periphery countries they have been buying that but all too many i think even they're trying is the government has

a better understanding than most western leaders where this thing is heading and if you ask me i think they're simply buying time to develop their own consumer market and then that's ready i think. probably give us a for a lot of our sovereign nation of bankruptcy of the united states or the western countries but it's well and it will clearly be for everybody and even china has got their own difficulties to give there's a lot of talk about the local government debt in china we would like to say. if you include the if you're looking at the government in china plus the local government debt we're told a figure still smaller than what the rest them countries are having to deal with laos and china's economy and fiscal position is quite strong actually that in the first half of this year their tax increase tax revenue increase of thirty percent of the things they're actually cried in and quite a strong position to labor good for and that's why we say well it's asia especially china is a better place to look at safer place to look at or. invest render store here

really hits in the western countries well especially so china's economic growth over the past few years has been a matter of concern for many in the west and the united states is no exception so if china continues to develop as it does now is it likely to surpass the us economically any time soon. yeah absolutely the i.m.f. has predicted that the u.s. economy in real economic output terms of the united states the world number one in two thousand and sixteen. and then you have other independent observers other things. foreign based in new york actually said the china would be us maybe as soon as next year and if you're looking at severe physical production and also the commodity consumption in china in many regards china is already number one so we would say well there may already be actually number one right now or very

very close to it and then if you are looking at the undervaluation of the renminbi on a purchasing power base is there a twenty three percent undervaluation it maybe even more so our currency wise economy rise you would say is a relatively easy choice of where you want to be in of course that doesn't really help their economies in the west but but we always look at things from an investor's perspective and they're clearly the risk in the investor and sovereign in the major countries are still vastly underestimated you think they're going to happen to spain italy then also catching on to france which have huge exposure to its early spain and greece. this will also get on to say you're paying us eventually saw again you say the risk of a sovereign debt crisis and the rest is vastly underestimated in the risks in asia generally and in china generally all the estimates for mr hannigan let's not talk about. china relationship especially in the view of what news had.

the defense cuts across europe and us economic woes will diminish needles global role and leave china as the world's policeman would you agree with that. so would you say that again in terms of pollution on terms of. their relations between nato and china now i'd like to focus on that inland especially line of light. and respond and sad that defense cuts across europe and u.s. economic well he's expressing concern that that will diminish needin schoolgirl role and leave china as a policeman do you agree with this. obviously i mean there's a lot of talk always in the rest of the dangers of china military growing and how much of a risk this poses to asia and the rest of the go but if you're looking at how much the united states is spending on military affairs the strain it's totally

disproportionately us are spending a lot more the only difference is the us is doing there is god money and they can't afford it so they have to and so on hopefully hopefully quite so on if they don't have an agreement is there and they have massively and spending some but generally yes i think i would see this as something quite positive if china's role on this in this area is growing for counterbalance some of the nato and the u.s. influence certainly what we have seen so far even as everybody criticizing china constantly for human rights but if you're just looking at the plain facts who has been attacking more third countries clearly it's europe and the united states who are meddling in a lot of other countries is far more serious consequences so far so yes china's a global influence it's growing massively and we would think that actually something positive. all right martin have a good thank you very much indeed it going analysts talking to us from hong kong there thank you. to other news now the man charged with carrying out friday's

twin attack in norway is due to make his first appearance in court to explain his actions thirty two year old outers behring breivik as admitted responsibility for a bomb attack in the capital and a massacre at a youth camp however he has denied any criminal guilt for the terror that claimed at least ninety three lives critics said he wanted to start a revolution to defeat liberal immigration policies have the spread of a song a bomb and also targeted buildings connected to norway's governing labor party and the youth camp on the toil island was also run by other norwegian law he faces up to twenty one years in jail for the atrocities himself described as gruesome but necessary investigative journalist tony gosling told her t.v. the case highlights a new brand of terrorism. anders breivik thought he was some kind of teutonic knight from medieval times because he's echoing the kind of crusader attitude and it's a very strange version of christianity that he is he's he says he's

a christian and i think he is maybe the same kind of strange version of christianity that bush and blair have been coming up with over the last ten years or so so i think that this is actually the tip of an iceberg is actually quite a lot of this neo nazi activity out there and now i think the antiterrorist or thought is right across the world we're going to have to take this spread of terrorism much more seriously and particularly worrying is that he was a freemason and as brave as declared he was a freemason and i would imagine that the norwegian police are now going to be talking to other all the other members of any masonic lodges that he was in because this seems to be the place where this kind of fake christian rather nasty racist ideology was cooked up i would also add that it was interesting the police said they never come across him before the norwegian police but i wonder very much i wonder if the secret service in norway has been watching him because it was very strange that when he was first arrested on friday the police actually called out

his name to him now it was very i would be amazed if they would have actually known as they first approached him what he was i would have thought that from the arrest point that's where the investigation would have started from. and on the way here in r.t. fighting the onslaught of a deadly drug by the court on the substance known as crocodile could also affect innocent painkiller users in russia. germany has decided to weigh in on campaign in libya despite abstaining from a u.n. vote on military intervention back in march berlin says it's loaning one hundred million euros to the rebels for civilian and humanitarian purposes but germans initially opposed action in libya but chancellor angela merkel has since expressed hope the nato mission succeeds berlin's also recognized the transitional transnet transitional national council as a legitimate government of libya for non-cancer as billions of dollars of how good

are things since remain frozen after our banks despite the coalition's pledge to give the money to the rebels john government consultant christoffersen thinks berlin has a vested interest in cashing in on the war. it is really a big question of what this money is being used for first of all who controls that then has nato ever cared for the civilian population in libya i don't think so a group of countries bombing libya and using you really are weapons that of course is a group of countries not caring for the civilian population abstaining just being neutral in this case of course was look enough because nato has used the security resolution. freehand to do just anything they want in effect they are fighting on the side of the rebels they're fighting the libyan government nobody knows where nato will do so to you know protect some civil populations and then kill the government more than twenty billion dollars in freezed this money is going to be

used to. help the rebels but of course that is totally illegal you can't just take money away from from governments and give it to rebels germany wants a piece of the cake to be. to be clear germany wants to maintain its fifteen percent of the libyan oil as a percentage of people to oil imports of germany. and the tories going tom a bay prison camp has been ruining lives reputations for years many detainees went on to be released without charge after years of torment are spoke the former detainee morocco nasa says he was a victim of sadistic torture methods and for interviews coming up in around fifteen minutes time. i saw many people got killed on the torture in kandahar so. i was one of those who survived those kind of closure on myself they used electroshocks because i will not sign. it i was forced to agree

that i'm the member. and i was not even really i didn't know at the time. used to be when they asked me what i tried and tried it on i said i'm not a member of them and they brought me if it was possible to sign i refused and that's why. they forced me to write me to sign make you sign by electoral election results another time the force of what the fleet minutes long on the water boarding another time they hang on since i had chains on my hands and i was hanging on the ceiling and i was pulling. on the ceiling with the chain and you know to my feet used to be over the floor and i had no clothes on so i was a murderer for many days when the interviewer came he pulled me back. and. i'm going to sign or not every time when i said no he just made like this. people in

the cup. the bodies of all the victims who died when a pleasure cruiser saying can russia's tatarstan republic two weeks ago have been recovered one hundred twenty two people perished in the country's worst water disaster in decades the bulgaria went down in minutes on the volga river with two hundred one aboard seventy nine were rescued the ship has been lifted from the river bed and told to shallow waters were the hall is to be drained to help investigators establish the cause of the tragedy the boat's owner is under investigation and two people have already been charged with violating safety regulations now let's take a look at some other stories from around the world mexican authorities have arrested more than one thousand people in a crackdown on human trafficking and sexual exploitation the arrests were made throughout the weekend in a mexican northern city of saddam to lars police say they also rescued a few dozen underage girls the city is known as the deadliest in the country with

over three thousand murders committed there last year alone. the new york hotel maid who accused former i.m.f. chief dominique strauss kahn of attempting to rape her has spoken out for the first time thirty two year old enough to reveal her identity and details of the alleged attack saying she wanted to go to jail she gave a magazine interview as authorities consider whether to drop charges of a doubt over her credibility charles kind of nice seven counts of sexual offenses and that has been released from house arrest. my roadside jag an italian diesel turned girl with twenty three crewmembers on board in western africa the attack was carried out on sunday in the gulf of guinea off than in its navy is pursuing the vessel most of the crew are from romania the philippines with two italians incidents of the sky are more common off the east coast of africa usually by somalia pirates. last suspect on the international war crimes tribunals

list of one hundred sixty one future this is to face the un core of the hagar monday goran hardage was arrested last week in serbia after seven years on the run he's accused of atrocities during the card between gratian and his life in the early ninety's ranging from murder to religious persecution. cheapness and availability have turned a highly toxic code base drug known as crocodile into russia's second heroin in an attempt to stamp out the use of the delhi substance from next year painkillers will only be available by prescription drugs or to live reports the new law could lead not addicts to suffer instead. you eat more they call it a crocodile because its uses. before it falls off virtually unknown ten years ago it's a mixture of patrol solvents phosphorous and most importantly cheap medicines complaining of pain killers it's now become russia's second most popular drug. which the

cheaper and more easily available and it's of injecting this lethal cocktail a use flourish in months most i wouldn't three years i've only been using it for two months i wish i never started to clean it the government's come up with a simple solution. for now i can still buy coding containing drugs off the shelf but from next year on words i'll need a prescription to do that so clearly russians use these drugs on a regular basis the bottom authority of. reasons so against drugs is the government going too far as i'm throwing the baby out with the bathwater coding is sold over the counter in most western countries with its sales of double than russia in five years and many say this is not a coincidence i think it was a mistake to start selling coding without a prescription in the first place by making it the most easily available opiate it

spawned this problem yet expert opinion has been divided some believe that this doesn't do enough to tackle the social cause of addiction and innocent consumers. there is no efficient system or country for issuing prescriptions so the people who will suffer are the ordinary pensioners and housewives who need those medicines. and the drugs then and in moscow suburbs we came here to ask what the users themselves think of the new law. i don't believe it will change anything those who want to take drugs will take drugs we will buy them from the right pharmacies and if we don't get them we use something else who always have something to inject. eagar of the world no zero see. the war news and updates videos you can always go to our website or com and here's what we have for you in line today r.t. right in the cockpit of

a plane to see how pranksters armed with lasers risk blinding a pilot and causing a disaster during landing. and also online on this day twenty five years ago some good astronauts had linus' of a scare became the first woman to walk in space more than three and a half hours outside the ship. time now for business and date with dmitri. thanks marina alone welcome to business is in the second largest city had its own has renegotiated the pricing of its long term gas contracts with russia entirely

and company says it might be able to save up to two hundred eighty million dollars this year on the believe the agreement could have a wider impact from other european operators many of them are seeking to renegotiate long term gas contracts with supplies from russia and algeria. rogers resuming vegetable imports from hungary in the past few weeks russia's consumer watchdog has also lifted restrictions on eight other e.u. nations including france belgium and the netherlands the ban on the verge was imposed early in june after a deadly outbreak of ebola in germany. u.s. lawmakers are racing against the clock to forge a deficit reduction deal the agreement would clear the way for congress to raise the fourteen point three trillion dollar debt ceiling if politicians talks are stored in the u.s. may suffer a damaging defaults but this could spur demand for u.s. bonds as the chief economist that is burbank explains but only a high probability went as

a result of the default in the increase in the demand for states treasuries because you is treasuries. in the alliances market are low risk that sue if you increase their risk says it's great you basically increase the risk in the overall system it was the means to to shannon's which are requiring by law do increase the number or low risk for us it's in the dark color. so the markets now an oil is declining for the first time in five days that's on concerns a failure to reach a deal on raising the u.s. debt ceiling may cause the biggest consumer of crude oil to default light sweet is therefore losing eighty two cents per barrel brant is just below one hundred eighteen dollars per barrel. gold prices on the contrary have surged to record highs as investors are seeking safe haven assets and in their jitters on global

exchanges called is that almost six hundred fifteen dollars per ounce silver forty dollars spiffy lives sounds across asia stocks are falling as investors fear the impasse in the u.s. that talks will prompt a dramatic sell off from global exchange with the nikkei and the hang down point eight percent at this hour in soucie is almost two percent in the red and to you it is dropping one point two percent in hong kong china is one of the biggest losers on the decline in crude. take a look at the first opening picture in no rush of monday the arts yes has kicked off with a dip off point seven percent on the back of negative asian markets and a drop in the very price to my six will start trading in around two and a half minutes on friday all majors were among the banking stocks under selling pressure and ahead of the new trading. metropole gives some names for investors to park their cash. having seen strong commodity prices i don't expect that to change

in the near future. i think gas from now. is a very interesting name i mean it's following the correction in the past two weeks and with their oil prices back to where they had been i think gas promising even to run without a name when we alike short charmin made d.t.b. i think this is a very separate year right now and it has had a run up full in their government funds really or given to the bank of moscow and but i think it's going to continue it's still trades at about twenty five percent below zero banks and that's it from the business team for now we will be back next hour with an update you can always look i'm so upset with.

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