fights against the crisis it reacts very late. and on the other hand once the government. what to do. they go roaming the snow doing their job properly because they'll get in the know to obama who want people to wake up otherwise we'll just become slaves to the system who want to be treated as humans and they believe they can make a difference. 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 say they want their dignity preserved but whether their calls will be heard is a whole another issue even those who are to madrid. greece has had its credit rating cut again meaning it's now hovering just above

a level that would constitute a default attempts by the government the era to solve the financial crisis saw thousands take to the streets some turning to violence and financial analyst max geyser agrees with the protesters who feel the latest one hundred nine billion euro bailout will only plunge the eurozone deeper into trouble. it increases the amount of debt it increases the amount of debt in the eurozone it is crease of the amount of debt in greece so this is a plan cooked up by bankers to repackage recent. release debt that's what they do and it crowds out the real economy so if 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 up the banks there but not bailing out the workers or the people who

are on the ground so to speak that bailing 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 to debt servitude and of the you asked the republican senate democrats failed to strike a deal to resolve the nation's debt ceiling crisis over the weekend but secretary of state hillary clinton who is in hong kong during a tour of asia says she has no doubt an agreement will be reached before next week's deadline economic alice martin had a case says the u.s. is so deep in debt that america's global influence is being undermined. so united states is essentially bankrupt in any case if they increase the debt ceiling actually as the chinese rating agency dugong has been saying even if they find an agreement and they increase the debt ceiling well it's going to be as

a result more dead so the u.s. has thirteen point five trillion of debt and that's just the nominal national debt but it's not even the fiscal devan crude analogy unfunded liability is really a looking at two hundred trillion us dollar of it's absolutely beyond control and all dramatically piers that the united states will be facing a sovereign debt crisis and we suggest that the investor should stay out of that region and look for a look for gold silver commodities to help protect against what's going to come there's a lot of talk always in the rest of our the dangers of china china's military growing and how much of a risk this poses to asia and the rest of the world but if you're looking at how much the united states is spending on military versus china it's totally disproportionate the u.s. is spending a lot more the only difference is the u.s. is doing that is borrowed money and they can't afford it so we have to end song 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. well as our cross to our business desk to find out how the crisis in the u.s. might affect the bond market is me hi there so what kind of reaction are we seeing so far well you can see there's a real negative reaction the asian markets are indeed dropping but within one percent european markets have just opened just a bit marginally within the half a percent what we are seeing is investors interests shifting towards commodities such as gold for example which is setting new record highs every day pretty much over the past two weeks it's now it's sixteen hundred fifteen dollars petroleum and silver is also very high so we've talked to many analysts over the past couple of weeks talking about the situation and they do not really believe that a deal could be firmly sealed before the deadline for august second so it's not much of a surprise it's an ongoing story and just need to see what happens next absolutely

and sells interesting to see how the tram progress is during the day so we'll hear more from you in your business update shortly with r.t. . to other stories now the man charged with carrying out friday's twenty tacon norway is due to make his first appearance of court to explain his actions thirty two year old anders behring breivik has admitted it responsibility for a bomb attack in the capital and a massacre at a youth camp however he's 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 and the spread of islam the bobbin as low tar the building is connected to norway's governing labor party and the youth camp on the toyland was also run by it other than a regional all you faces up to twenty one years in jail for the atrocities british himself described as a gruesome but necessary investigative journalist tony gosling told our team the

case highlights and new brand of terrorism. and us but if it. was some kind of. teutonic knights from medieval times because he's echoing the kind of crusader attitude that it's a very strange version of christianity that he. is he says he's a christian i don't 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 brand of terrorism much more seriously and particularly worrying is that he was a freemason and but even as declared that he was a freemason 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 that 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 his name was i would have thought that from the arrest point that's where the investigation would have started from margaret gergen wreath of partners in chicago says the attack is likely to force norwegians to reconsider immigration policy. i think what this did is it really highlighted the integrated i don't want to call it a problem i want to call it the you know immigrant reality these huge influx of immigrants coming into norway and you're oddly you know most of the bottle and most of the norwegians probably didn't know that i'll post twenty five percent immigrate

but we're riding a they know a lot more of those statistics now i think you're going to you know people saying well gosh this guy was a creative lunatic but we have another pretty serious problem too the prime minister you know specifically in the labor party generally did a great job you know comforting the nation those twenty four hours were haptic they were you know terrifying they did a great job comforting the nation here's the issue with people hearing more a great word what the labor party is going to have to do in norway is you know they didn't think that the extent concern to people who are nervous about the immigrant population you know collazo some of the more extreme groups you know least extreme views if that makes sense and adopt them into their own platform and say look you know the average joe q. boater we understand you're concerned about this issue but we think norway had it a great interaction here is why so instead of managing and you know governing through fear they have to adopt some of those you know who are sort of jingle with

stick policies but also to present you know a more positive view of norway or ward. on the way here fighting the onslaught of a deadly drug crackdown on the substance known as crocodile could also affect innocent painkiller users in russia. germany's decided to weigh in on nato campaign in libya despite abstaining from a u.n. vote on military intervention back in march berlin says it's loaning one hundred million euro to the rebels or civilian and humanitarian purposes the germans initially opposed action by chancellor angela merkel has since expressed hope the nato mission succeeds berlin's also recognize the transitional national council as the legitimate government of libya alone comes as billions of dollars of colonel gadhafi assets remain frozen in offshore banks this by the coalition's pledge to give the money to the rebels german government consultant christopher personal thanks berlin has a vested interest in cashing in on the war. it is really

a big question what this money is being used for first of all who controls that then next has nato ever cared for the civilian population in libya i don't think so the group of countries bombing libya and using uranium 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 not enough because nato has used the security resolution as a you know free hand to do just anything they want in effect they're fighting on the side of the rebels they're fighting the libyan government nobody knows where nato will decide to you know protect some civil populations and then meanwhile it killed the government more than twenty billion dollars in freeze the assets this money is going to be used to help the rebels but of course that is in a way 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 the total oil imports of germany. and the tories a prison camp has been ruining lives and reputations for years many detainees went on to be released without charge after years of torment spoke to former detainee morocco nasa says he was a victim of sadistic torture methods all of the injuries coming your way shortly here in our. i saw many people got killed. so. i was one of those who survived those kind of closure on myself they used electroshocks because i will not sign papers. i was forced to agree that i may be a member of probably want to go and. i'm not even really i didn't know at the time what used to be when they asked me what i tried to tell you and i said i'm not

a member of them and they brought me papers forced me to sign i refused and. they forced me tried me to sign. another time the. water treatment it's normal on the water boarding another time they hang on chains i had chains on my hands and i was hanging on the ceiling there was pulling me on the ceiling with a chain and my feet used to be over the floor and i had no clothes on so i was hanging there for many days and then the interrogator came he pulled me back down and he's going to sign on out every time when i said no he just made it like this and they pulled him back up.

the. six. wealthy british style polls out on. the. market why not. find out what's really happening to the global economy with months conjure for a no holds barred look at the global financial headlines tune into cars a report on our. welcome to the

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the bodies of all the victims who died when a pleasure cruiser sank in 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 and will gary went down to minutes on the volga river with two hundred and one aboard seventy nine who were rescued the ship has been lifted from the river bed and told to shallow waters where the hall is to be drained to help investigators establish the cause of the tragedy the captains of two ships that sailed by the bulgaria face criminal charges for failing to offer help to people who have already been charged with violating safety regulations. now let's take a look at some of the stories from around the world syria has approved a law allowing the formation of political parties other than the ruling baath party opposition groups have been banned in the country since a nine hundred sixty three military coup but a four month national uprising calling for the president to step down put pressure on the government to reform the political system however the army continues its

operation to crush dissent against the regime detaining scores of people in the capital and its suburbs. 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 sea of juarez police say the also rescued a few dozen underage girls the city is known as the deadly. in a country with over three thousand murders committed there last year alone. pirates hijacked an italian diesel tanker with twenty three crewmembers on board in western africa the attack was carried out on sunday in the gulf of guinea off the name whose navy is pursuing the vessel most of the crew are from romania and the philippines with two italians incidence of the sky and are more common off the east coast of africa usually by somalia based pirates. the last suspect on the international war crimes tribunals list of one hundred sixty one fugitives is to

face the un court at the hague on monday was arrested last week in serbia after seven years on the run is accused of atrocities during the conflict between gratian and just live 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 deadly substance from next year painkillers will only be available by prescription. in the reports the new law could lead nine addicts to suffer instead. they call it crocodile because its users. leave before it falls virtually unknown ten years ago it's a mixture of perch old solvents phosphorous and most importantly cheap medicines containing the painkiller it's now become russia's second most popular drug the heroin to which the cheaper more easily available alternative injecting this lethal

cocktail uses flourish in months wouldn't three years have been the be using it for two months. never started. the government's come up with a simple solution. for now i can still buy coding containing drugs of the shelf but from next year onwards i'll need a prescription to do that statistics show that nearly half of russians use these drugs on a regular basis the vast majority of them for completely legitimate reasons so in their fight against drugs is the government going too far as it throwing the baby out with the bathwater. coding is sold over the counter in most western countries but its sales have doubled in russia in so i've 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 punishes innocent consumers. there is no efficient system in the country for issuing prescriptions so the people who will suffer for the ordinary pensioners and housewives who need those medicines. the drugs then in the moscow suburbs we came here to ask what the users themselves think about the new law. i don't believe it would 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 to use something else we will always have something to inject. either of their of nerve see moscow. more news updates and exclusive videos go to our website r.t. dot com here's what we have for you online today i see right in the cockpit of a plane to see how bright star is armed with lasers risk blinding the pilot and causing a disaster during landing. on light on this day twenty five years ago saw the

astronauts had became the first woman to walk in space spending more than three and a half hours outside the ship. time now for the business news with dmitri. and those who know more welcome to business it's only second largest utility had a son has renegotiated the pricing of its long term gas contracts with russia the italian company says it might be able to save up to two hundred eighty million dollars industry analysts believe the agreement could have a wife impact on other european operators many of them are seeking to renegotiate long term gas contracts with supplies from russia and algeria. russia is resuming

vegetable imports from italy and 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 e. coli like in germany. u.s. lawmakers are racing against the clock to forge a deficit reduction deal with the agreement would clear the way for congress to raise the fourteen point three trillion dollars debt ceiling if the politicians talk get stuck in the u.s. may suffer damaging defaults but this could actually spur them on for u.s. bonds as a chief economist burbank explains why i have a high probability went as a result of the default in their increase in the demand for its treasuries because you is treasuries is the largest market. low risk that sue if you increase close associates rate you basically

increase the risk of all in the overall system you all three many institutions which are requiring by law do increase the number of. us it's in the dark color. of the markets now will is declining for the first time in five that's on the concerns of you two to deal in raising. the u.s. debt ceiling may cause the biggest consumer of crude to the fault light sweet is down eighty two thousand some brand is just below one hundred eighteen dollars per barrel this hour gold prices have surged to record highs as investors are seeking safe haven. judaism global exchanges gold or straining at sixteen hundred sixteen dollars per ounce and silver more than forty and a half dollars per ounce. of the stock markets in asia where we're seeing stocks

fooling as investors fear the impasse in the u.s. debt talks will prompt a dramatic sell off on global exchanges where the nikkei and the hang sang are shouting over records of a percent this hour in tokyo sony is down around two percent a year which is dropping more than one smoove now to europe where moody's has cut its ratings on greece's foreign and local currency bond ratings by three notches again the markets have opened lower but they are just marginally low forty's down point one percent the dax the by even less enough let's move to russia and russia has recovered slightly basically there was a drop of one percent at the opening anticipating a drop in europe but since europe declined just marginally there is buying back on the russian market so we are seeing a rebound that's moved stocks oil stocks are down a decline in crude so our financials was burbank dropping one percent and let's

look at the two stocks bucking the trend ross telecom is much better than the market obviously the up almost two percent stock has potty training a lot of so in the past couple weeks ignoring market trends mainly pushed by anticipation that it how much of the company will be privatized polymaths always up to and after sent as the gold mine enjoys yet another record high price of gold. and as the new trading week kicks off mark rubenstein for measurable life he gives some names for investors to park their cash. we have been seeing strong commodity prices i don't expect that to change in the near future. i think gas from now. is a very interesting name in minutes for all of the correction in the past two weeks and with their oil prices back where they had been i think gas roman isn't even room to run without a name when we a like short charmin meter. i think this is a very it's not but you right now and it has had

a run up 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 it's been a bank kind of next on the the headlines with marina to stay with.

he used. to. say. before.

back here with r.t. here is a look at the top stories spent years in iran anger over their government's failure to deal with the country's economic woes as thousands rally on the streets of madrid spain has the highest unemployment rate in the eurozone with over twenty percent of the population out of work. and the u.s. is struggling to strike a political deal over its own debt crisis with a possible default looming next week hillary clinton has attempted tries to reassure asia's markets promising an agreement will be found. a mastermind behind the worst peacetime massacre in norway's history is to appear in court to explain

why he carried out a twin terror attack that claimed over ninety lives. has admitted responsibility saying his actions were not a crime but a call for change. in germany make so one eighty turn to the stand nato's intervention in libya and approves a hundred million euro loan to the rebels and take it off campus also in line for a multi-billion dollar cash injection from the international community if and when they hand over the levy leaders frozen assets. one town of obey continues to wreck lives despite president obama's pledge to shut the notorious prison many detainees released without charge or shed light on what goes on there spoke to one former prisoner. who says the u.s. hasn't issued even a simple apology for his years of torment his interview next. the united states held. them obey detention camp for five years before releasing him

without charge mr could that's have you ever been given an apology or an explanation by the americans. and they did not what's even i don't thing that they are going to apologise for anything you were arrested in pakistan in two thousand and one why were you there here in germany i saw the group it's called jamaat to be helping. young people who have problems with drugs or homeless people who has problems at all they always come from pakistan they have around the world eighty million members it's i thing the biggest group and they are nonpolitical and they are against war of course and they also hate and by taliban because they are against war but. when i went to pakistan i went.