views about the political aisle think fail out in a person entered case in this particular instance for greece is that the private sector has also been covered by this bailout which is about one hundred nine billion euros of blood still is does this leaves a lot of other countries in trouble we're already used to hearing about the so-called big c. countries being in in being an economic woes and that of course is girl arland greece spain and now it's looking at some major issues as far as their economy is concerned by now also the heavy drivers of the european economy the frat france and germany are also finding themselves in sort of hot water because. just recently in the i.m.f. has said that france has somewhat been too optimistic about the valuation of its prognosis and actually may not be as well off the french authorities have hoped

to have hoped the country to be so that leaves germany and germany is already bearing the brunt of basically pulling the entire european economic structure out of the sinking hole that is that it's finding itself in a recently and just recently german foreign minister i'm sorry just recently that for a german finance minister sent an open letter to the parliament encouraging them not to be in any hurry to approve the bailout plan for greece because the country's essentially being stuck with cleaning up the mess after the economic upheaval that is running through the eurozone right now and of course this is coming right when the voices of discontent among the eurozone criticsm on the euro skeptics are growing louder and louder in fact there is saying that the euro. zone critics are saying that while initially the eurozone was created with the hope of pulling up the weaker economies quite the opposite is happening that week. condoms are going

down and they're dragging down the stronger economies with them so this latest forecast from moody's is actually not good news but on the on quite in the opposite very bad news for the eurozone and for the euro as well i k i d m any thoughts about having a good life for us from the droid's. well the euro crisis is drowning out some of the smaller play as anger and disappointment in slovakia as one of the poorest countries this pressure to chip in to bail out its troubled neighborhoods. let's call so the u.s. now with the clock ticks towards tuesday squabbling lawmaking so-called agree on how to stop america's massive debt from falling off a cliff and into default and not getting china angry america's biggest lender things washington's being dangerously irresponsible investment i'm melissa peter schiff says we could see china double the dollar as its main reserve currency we

can't afford bad relations with china beijing holds the cards you know we're dancing to the tune that they play the real problem for china is that there's no way that america can pay back the money that the chinese of already loaned us politically is just not going to happen is specially when interest rates rise i'm surprised it's taken the chinese so long to figure out that they've been throwing a lot of good money after bad i don't think we're going to default i think we're going to inflate which is just as bad but you know we're going to raise the debt ceiling the problem is the debt not the ceiling this sooner the chinese start stop enabling this phony economy that we have the sooner we as americans can begin to repair the damage and what's going to happen is where the dollar collapses americans are going to see a big reduction in our standards of living. would you give us know what you think. at all t dot com right now just a hall for the view if we can bring up that graph. about half of you are convinced

that there is no choice america has to agree on raising the debt ceiling thirty nine percent. circle procrastination will send everyone else's economy into freefall and the remaining seven percent as you can see there say that time is running out the fault is on america's doorstep why don't you tell us how you think it will pan out head to r.t. dot com romney's analysis and to give us your veins. potence investigation into the presidential plane crash. here says the tragedy was caused by its crew but it has also been blamed russia for the catastrophe which killed dozens of the polish political elite and i was here to ask you has more on this from. well certainly the main highlight of this press conference by the country's interior minister and the commission which was investigating the smolensk tragedy which killed most of the just political leader was that war so openly admitted that

the crew of the presidential plane is mainly to blame for what happened in april on april tenth two thousand and ten saying that the crew both had very low qualification to operate in such heavy and difficult weather conditions as it was on that day in nearby the city of smolensk and also did a serious of underwrites actions that led to this crash also there were many new details which in some way differ from the report published by the interstate aviation commission earlier this year the report which made by the russian investigators in namely that investigators believe that the airfield in smolensk was very hard to land to land especially in. in those difficult weather conditions and also there were some misleading information for the not serious but still misleading from the air traffic controllers on the ground in smolensk at the same time one of the members of the commission said in his report that

following the reports that the plane initially hit a tree which led to the destruction of the plane in just two seconds time after that he said that it was not the tree which was too long it was that the plane was in the wrong place and this is the direct responsibility of the flight crew. needing aviation analyst david limon told r.t. that poland is trying to put some of the blame on russia because the truth is just too hard to accept the accident was a simple one type of accident that followed a mistake of a type which has happened countless times before in aviation history this was such a human tragedy such a political tragedy for the polish people that. they've been they've been given the truth and the truth is on bearable 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 the details of the tragedy including the first hundred from witnesses are all available for you at all t. dot com anytime you want and here's what else we got online a huge long coal mining crane kill seventy nine miners still thought to be trapped underground we report on that on line plots. so good to know russia's naysay envoy tells all t. his concerns over the american missile defense program a near of his exclusive interview is in full.

the crowds are back in cairo's tahrir square five months after the ousting of president mubarak thousands of people of their emotions one of the largest demonstrations since the uprising well journalist. michael is in cairo and he could if you shed some light on this for us just back on the many thoughts of being with us one of the people demanding than now. well that's an interesting point because the there was the protests planned for today was originally billed as the day of unity and it was a sign that liberal and islamist forces were going to come together to continue their push for basic democratic rights and into things and the sort of. role of the military playing politics since the bar fell but there's been a bit of a split the unity hasn't really held and was an agreement according to leaders of

some secular movement that today would not be that would not be coals for a tree much of a religious basis but down in the square i was just down in it before i came here. is a huge number of. muslim brotherhood members but it's definitely the most just let me talk to square has been. in the time that i've been here and they there's many chance of. islamic identity and the sort of islamic nature of egypt which has caused some friction with the. secular forces who are down there that normally doesn't you know forces dominate into they're the ones who run the been running a sit in there for a month since the clashes that happened at the end of june but today because they have mounted by the islamists and seem to be there seems to be a little bit of friction in the no violence the rest are not going to talk more about those divisions that you would need to win the general mood of the people at

the moment we all five months off to the ravening should all people feeling disillusioned back. i think there's some sense of disillusionment but i don't think people haven't forgotten what huge achievement was to bring down this to bring down the president mubarak and there's still definitely a sense of optimism although now it's mixed with a lot of anxiety the. in the sense that the liberal the liberal secular forces are worried about is islamist takeover of the revolution all of the army sort of hijacking and then. suppressing the revolution and democracy not coming as a result of either of those some of the. more islamic sect is a society of that it's going to be holding too much western influence in sort of social level because i mean it's a period of of immense uncertainty him as just about the last people perhaps frustrated that not that much of that change the current transitional government

that we have is actually el capitan rather was actually hoffman in the barents era people will say happy way to see this transformation of government that was expects him on it certainly hasn't been a star or as fast as people want to there's been no you're right the new cabinet has members of the former n.d.p. and people who are in the bar appointees but what's most at the moment the cabinet doesn't really have that much talent the real power rests with the supreme council of the forces which is headed by field marshal to tonally who was you know a twenty year ally and close friend of barak he's the guy that you know general petraeus for example america would come and make when he was when he was in egypt as. it's not just a matter of who's in charge in terms of freedom of speech is not yet really being enacted there is a plug hole there's more than one boat in jail for criticizing the military.

fortunately we just seem to have lost connection there with our guest that was austin machall speaking to also from cairo a journalist and blogger speaking to us about the crowd for the now back on cairo's tahrir square. a similar show of on rest in neighboring israel public squares and now a sea of demonstrators camping out calling for social justice as prime minister netanyahu to go bigger protests planned for saturday will palestinian israeli journalist as bruce says the similarities with egypt are clear. two thirds of the poor in israel are working poor people who are working every day people who have a great jobs and still are not able to go above the poverty level so that's a reason that people are coming out of the street if you look at how the protesters started it's almost identical to how it started in egypt and internees and other places started 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 israel students people who feel that they have no future people who feel who can't afford living here and it and i was realizing that this is not the way to go forward and he's trying to figure out ways to deal with it because the government could definitely fall its role and these are ground and i think he is in danger especially that the process there is a growing while israel has been under building in tel aviv and haifa and all these major cities and israel is all have been overbuilding in the west bank focus of the israeli government at the moment is more sustaining the occupation and more sustaining the settlements rather than caring for the majority of the population who actually oppose that alliance and oppose occupation and israel proper so that the problem here though is the still many israelis have not been able to make that connection and the more and the sooner israelis make that connection realize that the accusations affect their daily life effects that the pennies that the

government spending the money the government spending in the west bank verses and i think you will see a real revolution in israel. well libyan rebels have declared three days of mourning after their military commander and two of his aides were killed and all thirty eunice was gunned down hours after rebel forces reportedly arrested him and his family with suspected ties to colonel gadhafi regime you know is that libya's foreign minister before he defected from the beginning of the revolution the national transitional council claims the killing all down the supporters and claims to have arrested the head of the group responsible the consequences of the murder will depend on how deep the commander's alleged connections really round that's according to one of the visor to america's antiterrorism he called us the consequences of his killing could be either short ramification or vaster mitigations if indeed he was only an individual or even a high ranking official who had still relationships with the gadhafi regime then

his killing will be it will be the end of the sort. if it's the other case that 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 two opponents it could be the islamist 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. more world news in brief to this hour and a memorial service is taking place in that a week since the mouse ok i only read of the bombing in the region capital seventy

six people died in the atrocities the man who's confessed to both the massacre and bombing is being questioned for a second time by police investigators that think on does but having acted alone saying there's no evidence he's part of an anti muslim militant network. clashes have erupted with knowledge and tina is convinced telling of it hundreds of school shows for michael cultural lands three people have been killed and dozens injured in the violence it's sort of scores of homeless and unemployed people rolled in eyes by a group that resent argentina's job that's. returning to our top story now the bailout burden affects not only the riches but also the poorest members of the eurozone slovakia's economy has never been too strong but it risks being crushed under the weight of the current crisis these are first reports now on whether it's your own membership is failing to live up to its promises. they say that charity starts at home while some vacuum may be one of the poorest countries but with

pressure from the e.u. to participate in the second bailout their 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 than days in greece people here at this hey michel to tell us they barely cover their food costs with the money they receive we have to now. deal with homelessness we have to reform our pension system our health care system this is not never enough money. that back in two thousand and nine when slovakia joined the here is a it was such high hopes it was also kind of prestige to be the first one america hungary and changed her public policy or if people read about for the one from central europe to be you know in the zero club that the year isn't it seems isn't

all it was cracked up to be as we joined euro zone there was a lisbon treaty that was saying that that's of one country liability just this one country in may two thousand turned the rules changed dramatically days left out of the year a gang may well now be breathing a sigh of relief the fact neighboring not only here is in countries have felt the benefits slave actual police have been heading to their check out in a bid to escape the year a week come just across the border from the back yard to the czech republic where these super store outlets doing a building business more and more people make the regular journey to do their shopping because the prices here is simply much cheaper with people now shopping outside the country vacuums retail revenues have fallen dramatically in the high prices mean the tourism industries have been hit hard to certainly not the results hopeful when they feel. has joined but every club has its leaders and what they say

apparently gays even if they're the ones who got you into trouble in the first place use to be created. or the countries in europe on our. home were generous the greek bonds are as good as german bonds so. make it possible for agreed to all the world so much money so like in maybe contributing this time it's left many of those at first so eager to join the year a gang healing they're now simply being pushed around their affairs. a friend to come in with maybe running the show at the i.m.f. but that's not giving france a stern warning about being next to debt firing line financial writer young paris developed its problems long ago the problem is look 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 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 amputate it and the truth is we should have amputated greece from the euro zone long ago we've got the situation at the moment where 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 solve their nevers 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 inch closer to the idea of a total euro meltdown. ok it's called sport in just over twenty minutes time in news the former world number one tiger woods plans to return to golf all to an injury hit the next day kareena has all the nation's defense for.

her welcome to business the south thanks for joining me 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 the markets still believe washington will act in time to avert disaster but the nerves beginning to set in. well i think we're now getting to the stage where people are really going to be concerned that a deal may not be done a lot of economists constructed the analysts 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 the poor be until monday or tuesday but i just think it could turn very quickly i think you could get a run in confidence very quickly. and i take a look at the markets not first metal prices a mix however they are still high and mrs look for

a safe haven due to the uncertainty over the u.s. debt resolution after republicans cancel the vote on the deficit reduction plan turning to allow a new report from europe's biggest oil company rolled out shell time of low cost oil and gas is at an end its has finding resources will be more complex and require more money and investment but for today at least the market is down the problems in the us chip away at best a confidence but where it is currently trading at around ninety seven dollars per barrel while brand is a hundred and seventy dollars a barrel. and now looking at europe where moody's rating agency has put spain on review for a possible downgrade banking stocks are leading the fall which shares and dexie down over three percent and lloyds is three percent in the red. mobile operating vodafone rose three point seven percent afterwards us to invention a very songs that it would have difficult. and here in moscow the markets raise

thursday's game with the out his down over a percent the stock market players follow the global uncertainty over the u.s. debt resolution let's take a look at some individual moves on the my sex while majors are among the main losers in the week accrued after losing over two and a half percent of banking stocks are also under pressure with the bank of moscow point three percent company reported a two and a half billion dollar med loss last year bucking the trend though is generally into rubble and it's gaining almost four percent. biggest lenders bank is one step closer to acquiring folks back international the supervisory board of the european company has approved the sale to the banks which to greenland earlier this month but no details were provided analysts estimate the takeover at around seven hundred million dollars with spare bank planning to finalize it and the acquisition is aimed at helping the russian company expand its activity in the east

european market. and russian car died after the us has turned a profit for its french shareholder a no for the first time the can make about is to squeeze thirty seven million euros out of its affiliate in the first half a year that compares with a fifty six million euro loss at the same time a year ago. the whole rayno group reported a fifty six percent jump in first profit. and that's going to be passed seoul in the pubs for all those love us to run our energy minister sergei schmeichel explains why the government is doing to avert a repetition of the. growth of the for you with the new group there is no risk of a few a deficit in the country we are keeping the ninety percent duty on all product exports and to reward him we also setting up a reserve system of which will the refining industry we plan to reserve about two million tons of fuel mostly winter diesel which will help to secure the smooth

operation of transport and the market. so if another me and forty five minutes time .

to observe the beasts to. see. if. for the full story we've got it from. the biggest issues get a human voice face to face with the news makers.

this is all things credit rating faces a possible downgrade is the greek debt but in a few minutes still maintain stability. germany refuses to sign blank checks on a jump ball its. rival bosses in the u.s. continue to wrestling for the debt instead long has achieved a deadlock in the meanwhile washington's biggest lead to something as you can see it's patient it's. they've been given the truth and the truth is they are.

only reluctantly admitted his responsibility from last year's plane crash that killed the nation's president but the report released on friday still tries to shift some blades or upside. down in israel's tactic at school in the bush sawmill where they enjoy our sins of the uprising that's what egypt's angsty. coming up next to a good time in russia. hello

to you i welcome to st petersburg on this week's program i'll be exploring the various hotels and restaurants in the city with new venues opening every single week it's certainly an exciting time. growing the glorious summer weather and the late evening life in its one true part of town and on that night it's time for me to check into my hotel. depending on your budget the city offers a bus choice of her tells ranging from comfortable small hotels to five star. today and she can enter the bridge her towel when you arrive know that the hotel will take your passport and do your fish registration for you this is standard practice to do worry if they keep for a few hours. very popular with tourists and business people from all over the world provides excellent service wonderful furnishings and the most up to date communities. staying here will be.