he's available in the movie going to join t.v. shows a movie that's the case where you go to the grand imperial college the coast west coast coromandel you can the search will close which i don't need to go. to the said the colonel was such a treat. america's biggest creditor she sounds it morphs into a person the global economy at risk by not reaching agreement debts in check. the bank is eurozone dream turned sour as the comes to dealing with the currency crisis of the mullings the problem is that disparity as an event. was talking clues both the polish crew and the russian air traffic controllers where response from the late ted nugent he's plane crash in western russia.

very warm welcome to you this is live from moscow with me unless it's a country which holds more u.s. debt than any other has his out of the failure of congress to be alone for its debt ceiling china says the political deadlock in washington threatens the entire global economy say fall republicans and democrats have delayed a vote say they're limiting what the country owes and they haven't agreed on objects they have until tuesday to avoid a potentially devastating default earlier in the week u.s. secretary of state hillary clinton was in beijing to reassure asian leaders that america will not fall back on its debt payments but some experts say both china and americans could suffer because there's so much it stick. there's definitely going to be a lot of nervousness all around the world and china has reason to be nervous not

necessarily because they're going to miss an interest payment but just because they have so much invested economically with the united states and we're making ourselves look like fools and they're wondering what kind of partner economically they have and whether they should be holding so many dollar assets so it's not a matter of they're going to miss an interest payment it's more difficult long term . your medium term d.c. is really going to see the reality of the situation again these sort of scenarios the notion that that china would just drop the dollar. they could just offer something like that is entirely n.y.p.d. reality is the world today still does not have a right to the dollar despite. this guys have been here in the last decade we've seen what's happening at the moment but he's not president here because there is no currency that was there is no better market right now the rest of that market and so i don't see that happening are really going to see any drastic change my take on

this is that once an agreement is reached in the future we're going to transfer china will continue buying us that in the united states will continue issues to china now over time and the wrong welcome for such a change the batteries decline and this is not going to happen overnight and i don't think the fear is going to is going to affect the international consumers that much what it's going to affect is the average american and in a pretty in a pretty tough but i think. well page which is dot com we're all asking what will be the outcome of the american debt ceiling debate although no one of the you it's a valid card will be raising believe there's no doubt about one hundred seventy percent say the result will be crowned so the crash of a globalized economy and eight percent of you think it's going to create a u.s. default with no permanent harm. and in europe smaller countries like the republicans to vacuum fill their economies being crushed under the weight of

the euro currency crisis with bailouts for years a member states needing to be paid for nations like the back you are feeling the pinch as the surface reports critics that say the rules have changed if you're a membership failing to live up to its promises. they say that charity starts at home well some back here made you want to the poorest countries but with pressure from the e.u. to participate in a second bailout then money could soon be going to greece. i'll tell you what joining the euro zone brought responsibilities but not benefits in fact slovakian pensions a significantly lower in days increase people here is hey michel to tell us they barely cover their food costs with the money they receive they have to now. you. have to reform our. health care system never enough money.

back in two thousand and nine when slovakia joined the year easily it was such high hopes it was also kind of prestige to be the first one among hungary and probably. for the one from france or europe to be you know in israel club back the year easing it seems isn't all it was cracked up to be as rejoined you're of the wrong there was. saying that one country. just this one country in may two thousand and the rules changed dramatically days left as of a year a game may well now be breathing a sigh of relief if the neighboring norm here is a mclean chief of felton benefits slayback shop a subpoena heading to bear checkout to escape the year a we come just across the border from the packets of the czech republic where the superstore outlet doing a booming business more and more people make the regular journey to do their shopping because the prices here would be much cheaper if people are now shopping

outside the country evacuees retail revenues have fallen dramatically in the high prices mean the tourism industries have been hit hard she certainly not the results hopeful women. those joined but every club has its leaders what they say apparently gays even if they're the ones you got you into trouble in the first place used to be created. all the countries in the euro zone are. as good as german bonds so all these. make it possible for greek. so much money back in may be called tribute inc this time it's not many of days at first so eager to join the euro gang healing they're now simply being pushed around . i think sit back in. front has been warned by the international monetary fund that it needs more cards to avoid becoming the next victim of the debt crisis the

i.m.f. says the country's credit rating could be at risk of austerity measures aren't taken economics all the patrick young believes paris developed these problems long ago. the problem is that these aren't things that have just happened suddenly i mean the french budget deficit has been in a deficit the french budget since one thousand nine hundred seventy four i mean leaves are things that have been going on for thirty or forty years it's absolutely ludicrous and truthfully governments need to stop spending and they need to be very realistic avoid their budgets there are fundamentals huge problems going all the way through the euro zone and we don't have any leaders who are willing to give us a sustainable solution this is typical of contagion we've been talking about it for weeks we have you know when you get some degree of illness and it goes through the body ultimately you have to decide when to undertake it and the truth is we should have amputated greece from the euro zone long ago we've got the situation of all

mature provincial libraries in northern germany are being closed because the money isn't there because it's being used to fund people in the mediterranean i think german voters are going to get very angry about that very very soon and i actually think the political will is not there amongst the people to endlessly keep bailing out their saw their neighbors it's going to be a huge problem because ultimately the contagion is going to hit and i really do believe that after last week's events unfortunately we only enjoyed closer to the idea of a total euro meltdown. come on the program dangerous connection libyan rebels are moving along to kill hours after his alleged ties to get down in his racing pool. we take a look at the israeli braces taking inspiration from the arab spring but a warring the netanyahu government. i was thought about its investigation

is partly blamed russia for the polish presidential plane crash near smolensk last year but concluded the main responsibility lies with the polish crew picks out in western russia killed president lech kaczynski and polish political elite well the findings suggest the plane's crew made mistakes during the landing approach the pilot also apparently ignored warnings to the crews not a case which are not fluent in russian report all thinking committed russian air traffic control isn't properly inform the crew about harsh weather conditions and that the airport wasn't ready to provide a full day. of flight missions from dark that's inside of the us weather conditions calls for the seamless corp's of two bodies one being the plain truth of the second being will be there are traffic controllers in that case in smaller and smaller and they prove the suffered only failures of corporations would bring all that strong magic results of

a lever on the thirtieth of april everybody was using all the instruments because there was no visibility and neither was it on the altitudes of one hundred nor to fifty meters more dramatically over the commands of the traffic controller you are on you know the parts of your engine cause dramatically iranians because the crew thought is that they are still on the right track but this is why when for size the importance of trading. reason was all to hear the results of the polish probe into the presidential campaign crash this report which basically publishes the results of the investigation held by the polish side has been very long and dissipated in poland it took almost a year to compile it and took more than a month to actually translate the report into russian and english country's

interior minister has already hinted that the report would be very painful for poland to come to terms with but still this is the result of the polish and best a geisha and well after the plane crash on april the tenth twenty or twenty ten which killed most of the country's political elite ninety six people including the presidential. when russia started the investigation making it clear that it was the crew of the presidential airplane which is to blame for the tragic plane crash along with the weather conditions along with a poor qualification of the flight crew poland and some parties in the nationalist parties including the party of the brother of the former president also were accusing mascotte holding back facts and concealing information and scolding the investigation so these parties demanded that war so should hold its very own investigation at some point of time even prime minister to school is known to be in very warm ties with moscow he was also criticizing russia for the way it was

handling the investigation but still we understand that after the investigation by paul and started russia was also taking part in assisting the polish investigators providing all the needed documents and now this report is due to put paid to all the speculation as to whether a russian air traffic controllers were to blame for this crash the press conference which announces the results of this investigation this report is happening now as we speak and certainly we'll be bringing you all the details as the press conference comes to an end and we'll be updating our viewers with all the latest information. david lim and he's the operations and think the editor of flight global like i think the reason the investigation continues is because polian we think devastated by the tragedy the investigation that followed was was almost painfully thorough. i think the russian investigators knowing how tragic this event was and how highly politically charged it was they

went out of their way to explain the reasons for. the facts that they found but they were on usually they used in an unusually large number of words to describe really fairly simple things. i think anticipating that the truth was going to turn out to be very unpalatable which of course it was i can't really see why this investigation is continuing the accident was a simple one it's a type of accident that followed a mistake of a type which is up and countless times before in aviation history. i think the only reason why it's happening is because this was such a human tragedy such a political tragedy for the polish people that they they they've been they've been

given the truth and the truth is unbearable they can't take it now i don't think that the polish investigators think they can pin the blame on anybody else but i do think that they are looking to pin some of the blame on somebody else. well for more on but do log on to our website ology dot com where you can find out more about the russia led investigation into the polish plane tragedy also lined up for you right now discover what the f.b.i. and the region that must have some space on because these big important. founders the tree has for forty degrees celsius in moscow we see how people throughout the city are dealing with the heat.

arab spring or european style discontent israel is the latest is seen of nationwide mass protests dozens of tent cities are appearing across the country as finals and take part in rallies to the moment government provide cheaper housing and lower the cost of living the biggest protests yet centers in tel aviv and the saturday night the demonstrations resemble the beginning of the revolution in egypt according to as example for a palestinian israeli journalist. two thirds of the poor in israel are working poor people who are working every day people who have a great chance and still are not able to go above the poverty level so that's a reason that people are coming out of the street despite a growth in g.d.p. it doesn't really translate on the ground the prices are incredibly high their israeli government has cut

a lot of the social services if you look at how the protests started it's almost identical to how it started in egypt and internees and other places through facebook somebody who made a post on facebook through social media that's how people organize or was organized completely in the beginning by the young people in this all students people who feel that they have no future people who feel who can't afford living here and i was realizing that this is not the way to go forward he's trying to figure out ways to deal with it because a government could definitely fold its role and these are ground and i think he is in danger especially that the protest is a growing while israel has been under building in tel aviv in haifa in all these major cities and israel is all have been overbuilding in the west bank for example fifteen percent according to the peace now report fifteen percent of israel public building budget had been going to building in the settlements in the west bank which only consists of four percent of israel population focus of the israeli government at the moment is more sustained occupation more sustaining the

settlements rather than caring for the majority of the population was actually to closer to one thousand oppose occupation and israel proper. well libyan rebels had three days of mourning after their commander and two of his aides were killed abdel fatah yunis was gunned down hours after rebel fortunate as well who should be arrested him over his family suspected ties to colonel gadhafi is regime units have been libya's foreign minister before he defected to the rebels and the beginning of the revolution the national transitional council blames the killing on get out the supporters and claims to have arrested the head of the response of all the consequences all for murder go to pendle how deep the commanders allege connections really ran well that's according to one of father's advice to america's antiterrorism caucus. the consequences of his killing could be either short ramification or vast ramifications if indeed he was only an

individual or even a high ranking official who had still relationships with the words of the gadhafi regime then his killing would be it would be the end of the. it's the other case is he and others inside the council the interim council of the bin ghazi power have been in opposition to another force a militia force it could be other little opponents it could be a militia of the jihadist or another tribe if the case is the problem then the concern is more serious in the west that there could be more clashes in the future or more tensions within the military camp at a time where the rebel seems to be on the offensive so we're going to wait and see the results of the investigations and most likely the nato command would want to be part of these investigations. and his commander in casa base is the alliance will keep a large military presence at the border with quell

a possible new outbreaks of violence or clashes erupted at one of the two disputed border crossings where about two hundred three five poems in fact night's mocassins paste it was in response to me by the takeover of things docking exports from the prickly they said to stop coming under fire in the process of the school and listening to all the pundits in belgrade feel they are being treated as an unwanted minority on land based is that right. trying to. force some unilateral moves in order to change the reality on the ground to change the reality as it was as it is under un resolution security council resolution twelve forty four course of always towards the session is through public so in other words the serbs who are down in course will still believe themselves to be part of serbia and they're acting in that capacity now the western states mostly

made those states that have recognized course war treating them as a minority but we must remember that the key to this situation of course was really in nato hands they control militarily the entire province so really whatever happens down there is under their control and it's something that they will tolerate or not tolerate and we must also remember with the burning of the border checkpoint we still don't know who actually did it these were masked men who really could have been any nationality we don't know whether they were serb albanian or french or even american we just still don't know that. let's check out some of the world headlines now in brief this hour and ellison's are again counting on tony a square with egypt five months after the regime of president hosni mubarak fell the demonstration has been organized by liberal politicians who want a set of agreed guidelines for a new constitution protesters also want an instant trial for their former leader

mubarak and his allies all of those who will appear before a car records next week. at least six people were killed when peacekeepers a good family are al qaeda linked militants and somalis dishy thailand's broke out in you need to have to supply aid to famine refugees one hundred somalis is limits regard starvation relief efforts as a threat there of course a reported two million somalis are not receiving food and water in militant controlled areas. the u.s. and north korean diplomats met for several hours in new york for the first time since two thousand and nine both sides expressed satisfaction after the talks describing them as serious and business like help get out the sphere but music which will continue on friday is aimed at reviving story the six party negotiations on the north's nuclear program tensions but escalating on the korean peninsula

since the sinking of the south korean navy vessel by the north in march last year. hundreds of demonstrators surrounded japan's embassy in seoul angry at the japanese government ban on its officials from flying with korean air the decision follows the south koreans lines test flights at the new air bass jet over the disputed land called rocks a few weeks ago protesters but japanese flags posters but it seems it's. ok that's the news for now it is business all the way debts which have. come to business news here on r t o in four days the u.s. government will run out of money the democrats and republicans are still arguing over how to cut the deficit and stalling on raising the debt ceiling or the markets believe washington will act in time to avert disaster but there's always a risk well joining me now to discuss just what might go wrong is louise cooper markets analyst a g c partners good to have you with us on the program i was here

well let's see if we come to work on monday morning in the u.s. still has not race a debt ceiling what sort of mess with there. i mean i find it quite interesting that this being to my opinion my opinion what a lot of complacency everybody in financial markets as i walk around the trading floor speak to economists and analysts that i used to work with colleagues and friends they all say do not worry a deal will be dark but i think we're now getting to the stage where people are really going to be concerned that a deal may not be done so today we see the front page of the financial times a lot of economists and strategist alice start to be quite vocal in their criticism of washington saying come on guys it's time to sort it out i think a lot of nervousness waiting for the last minute deal i think markets will give support be into monday or tuesday but i just think it could turn very quickly i think you could get

a run in confidence very quickly is speaking about the confidence of the markets how heavily is sentiment being dominated by sovereign debt in europe and the us i mean is it overshadowing some good corporate earnings figures we've been seeing. as far as investors are concerned yes we're interested in the earnings numbers yes you know vodafone today has returned over three billion dollars to shareholders here in the u.k. yes you had better figures yes we do talk about these things but really the big picture it's all about big picture it's all about not consideration it's all about the you know the euro zone's highly indebted periphery countries it's all about the crisis in the states and that is truly where investors are focusing their thoughts so it is dominated really at the moment by the macro situation you are expressing a lot of doubt earlier that you've been hearing well let's listen to be optimistic a little bit even if the u.s. does cobble together a deal is it is it like a band-aid solution where the problem revert when it has to raise the debt ceiling yet again well we seem to be having the follows kicking the can down the road here

in europe and maybe the americans are discovering the joy of practical game as well because obviously unlike really countries they have this mandated this legal limit to the amount of debt that the american government can take or doesn't exist in many other places around the world and and so it is just a short term solution then we will be coming back and we will be revisiting this and i think what is concerning now a lot of players even if we do get the short term fix is the damage it's going to do to the american economy which is in great shape anyway we're expecting first second quarter g.d.p. figures out in the next two hours actually interest time and i think the concern is the damage that this this huge uncertainty is doing both to consumer confidence in the states but also to business confidence as well i think the markets will look very closely at today's economic g.d.p. figures so what should be a pessimistic investor do it sees downgrades in defaults in the u.s. and europe where do assets go at this point. maybe you should hide under you will do very well i'm not sure it's a lot of you crazy world out there obviously you think gold is very strong you've

seen the swiss franc very strong you seem german boone's german government debts a lot of boys and german government that still. owe you could just put your money on the i mean to be honest where is now a days you know u.s. treasuries u.s. government debt was deemed safe that was supposed to be the ultimate risk free asset and i think many people would say that american debt is no longer the safest place to put your money i do know some people have actually done that ok let's quick look at russia now russia has an excellent budget position does that make it attractive investment in the current climate i think there's still some big serious questions about russia really in terms of the rule of law rule of business law deep seated corruption i mean a lot of color guards take their billions out of the country yes it benefits an awful lot from hi all prices we've had our prices for many years but i think this deep structural reform needs to happen to the russian economy before everyone starts piling their money in into russia evolve the u.s.

team ok thank you very much for analysis there louise cooper markets analyst said b g c partners thank you. well now let's take a look at the markets precious metal prices are still down this hour however they are still higher as investors look for a safe haven to be uncertainty over the u.s. that resolution that's after republicans council to vote on the deficit reduction plan. looking at oil prices also down the salaries of problems in the u.s. chip away at investor confidence light sweet is currently trading below ninety seven dollars per barrel while brant is up one hundred seventeen dollars per barrel . and it's not looking good in europe as well where moody's rating agency has put spain longer view for a possible downgrade banking stocks are leading the fall with shares of dextre down three point one and lloyds is three percent in the red mobile operate of vodafone rose three point seven percent after miss us a joint venture of arise and said it wouldn't pay a dividend. and here in moscow the markets raise thursday's games with the r.t.s.

down over a percent this our market players follow the global uncertainty over the u.s. debt wrestling. and looking at some individual games on the my sites oil majors are among the main losers of a weaker crude tough enough is losing almost two percent this hour and banking stocks are also water pressure back of moscow down point eight percent of the company reported a two and a half billion dollars now lost last year but bucking the trend is power generator into rao it's gaining almost four percent this hour. that's all for the business news you can always check online at r.t. dot com forward slash business for more. for headlines.

wealthy british style it's not time to practice my. heart to. heart. markets finance scandal. find out what's really happening to the global economy in the kinds of reports on our.