in india oh she's available in the movie the joys the hotel rooms the home of villas the gateway hotel the grand imperial truly the charge was the bush girl until you can a letter to the close richard good to see don't need to go and. read this in the kennel was her job as used to retreat. the headlines on r.t. and italy begins crisis talks with the e.u. over its mounting debt problems sparking concerns it could be on the path to a greece style belt out. supporters and opponents of hosni mubarak clashed fatally outside the court in cairo where that opposed to an ailing president of egypt faces trial and he may be charged with conspiring in killing their own on him if you keep on pumping and you categorically unite behind the upcoming look at the moment the maliki government committed. divisions in the un security council western countries

press for an outright condemnation of the syrian government for violence as russia says that could damage or the road to peace and calls for more but it's. own business rasa markets and sir louis in straight after they do was worse answers the longest losing streak in almost three years more holding cells are not in business in science and that's. live from the heart of moscow this is artsy welcome to the program a new storm is brewing in a beleaguered europe as italy enters crisis talks with the e.u. over its surging borrowing costs the country's vaunted yields have reached the highest levels since the year i was adopted spain is facing the same problem as traders rush to rid themselves of risky investments and our europe correspondent

daniel bushell has more. people and politicians here in brussels are very angry and very worried because they're feeling they've been lied to yet again i mean after the greek bailout they were told never again by e.u. leaders then of course came portugal and ireland then a second greek bailout and now it's really is in crisis talks has been in crisis talks today in luxembourg with john called. finance chief and they've been talking about something called yields we're going to be hearing a lot about that in future because over six percent are considered unsustainable that means the amount of money that it's only has to offer a percentage return it has to offer to investors to get them to invest yields on italian ten year national bonds have gone over six percent to six point two spain's been a six point three percent spain obviously another big concern the prime minister of a hundred separate terror has cancelled his holiday return and deal with the crisis in spain it's easy enough that it will fall higher than its gross domestic product

so that's another thing that people are saying can't go on the trouble is italy's economy is much bigger than portugal greece and ireland put together so even if the e.u. wanted to bail them out there's a real question what question whether it could do its a nice parliament last month post huge spending cuts but the trouble is that it seems the italian people on going through they said that they're going to plan a national strike if the government goes through with its cuts now an interesting thing is silvio berlusconi the prime minister of italy has put back his speech on the issue until the markets close today now that could be a sign that he has something to say which could shock the markets once again europe is turning to move the markets for a way out jump will do you consider we will continue mediation in called off those we've literally the trouble is that investors are voting with their feet and they really are the ones who destroyed one of the world's biggest bank has slashed its

exposure. really significantly as well as to the other troubles of greece ireland and portugal so investors are really saying that they don't have confidence in the words of e.u. leaders that those countries can deal with the problems and the e.u. chief. has described market treatment as a cause for big concern. parties down in question reporting right now where many analysts believe a spike in bond yields shows that the sovereign debt crisis is a long way from being under control economics journalist patrick young says an italian bailout will be disastrous for the entire eurozone. the european union's be a light fund is on the verge of running out of money as soon as one of those major economies such a spinner italy defaults and every day the market is saying it is terrified of the debt that has been built up in the system and it's appalled by the fact that nobody in the euro zone wants to actually lead a side of this problem particularly asks for a bailout there simply isn't going to be enough money there in order to manage the

payers at the same time we've got a problem because banks in france and germany well they're very much split the big banks are finding ways to try and reduce their risk and reduce their profile of death and these lesser quality nations the big banks are moving very quickly to get out of this debt i think the problem is that they're using quite sophisticated derivative instruments often in order to reduce their holdings and the problem is those instruments aren't necessarily available to smaller banks in the sea and big countries like france and germany so we actually have a problem because when mrs merkel or mr sarkozy looks at the problem tonight they've got a situation where the big banks may be able to say whew i'm ok i've got i've had this problem but actually the smaller banks are the ones who are going to be left holding the baby actually italian hard holds by a huge amount of italian government bonds and that's always been a very steady business but at the same time somewhere along the line you need to sell some of your bond issues to overseas investors and if

a bond i don't buy and basically says we don't want to hold italian government bonds there are lots of other foreign investors are going to say gosh i could be on to something we don't want to buy those bonds either and the problem for italy is it has a lot of refunding coming up in the course of the next six months in other words it needs to sell a lot of deaths and no one in the euro zone wants to cure the problem they simply want to throw effectively aspirin to cure an appendicitis and night everyone is gradually getting the appendicitis throughout the euro zone and unfortunately the way to cure appendicitis is actually surgery. but across the ocean though the world's largest economy has been rescued from the brink of collapse iraq obama signed a bill to raise america's boring limit with just ten hours rather to spare before the country was jus to default after months of political wrangling democrats and republicans hammered out a last minute compromise which finally cleared both houses of congress to come up

with a deal to increase the u.s. debt ceiling by almost two and a half trillion dollars is viewed as less than perfect by both parties republicans pushed for less government spending while democrats wanted to keep social programs and have the richest americans pay more in tax but despite a last ditch agreement credit giant moody's has slapped a us with a negative economic forecast standards and cause could still downgrade is aaa rating and there are things that you can report so many say that the u.s. is used to dishing out advice to others and maybe less accustomed to helping itself . congress has now approved a compromise to reduce the deficit and avert a default but would have devastated our car the u.s. just had to swallow these bitter pill that many student it will help the patients recovery but will instead prove to be a poisoned chalice our economy is not growing at all in fact unemployment remains very high foreclosures remain very high no recovery is taking place and are we on

a suicide mission we may be gesturing you know the kind of deal with there at the same time make it impossible for the government to play any role to save the economy in the economy is going down rapidly at some point shortly after the collapse of the soviet union russia became an american laborde treat for nearly world economic theories but can't americans take their own advice now to deal with their own economic crisis we live within your means the same advice they gave was without knowing our economic and social realities and we. need to be russian to how did russia central bank in the immediate post soviet period the year he took up the chop in one thousand nine hundred ninety two so the worst for figure inflation in russia's history the us the sarra tkinter nand of the communist economy was in collapse and there was nothing to replace it with. so brooks this situation was

disastrous for and it was over a hundred billion dollars in gold in foreign currency reserves was in fifty million which effectively means nil more people still are fullness of god than governments remember holland america's advice so called shock therapy was a plant the markets might have got the therapy but the people got the shock to shelves and must pull their cities as one politician said from a mortgage to a communist economy is easier it's like trying to turn your poor room into fish soup but to do the opposite is much harder it's like trying to revive the good fish it took more than russia a decade to revive it's a quarry and return to economic growth transforming the country's fortunes after the disaster of the nine hundred ninety s. but were the us knowledge a patient in dire need it could all make. we'll soon see them they thought it was good enough for both going to get russia will be paid for america it's in the

backyard. so it is not our time it is part of the hour here in the russian capital and with arts here the chips are also president hosni mubarak is on trial for corruption and ordering the killing of some eight hundred forty people during february's uprisings it's a charge that could incur the death penalty outside the courtroom in a car in the capital where mubarak supporters clashed with his opponents and one person was killed fifteen were injured as each side hold rocks and bottles at each other of these talks on a boycott is following developments for us there and kyra. well the charge for starting over the courtroom ruled that the trial of our children feel august fifth is primarily due to health reasons i feel you could practice remain at military hospital but on college your. first concern he's right in that he is in the. people. got back.

from. my. trial i feel its conclusion. that we're putting in our. suffering from. iraq people per se. that your entire belief that all these wars so worth while nothing more than cost the life. of the child for example far from satisfying that that place nine also. sat in charge of it because many of the general got out. of the fast money. i don't. come from i think political allies

that helped him to remain in power for so long now if a child was surrounded by very happy secure in their face about five thousand police and seven riot police. here at the tribes the clashes become essentially a feature of the day here in cairo. as far as i was. all wrong there are a lot of acceptation that touch the shroud. because. may help me. rather than head first that's not me. that is what you. heard me i mean how many people heard this my colleague mary and how important this quaint cairo is now one of the most famous in the world many around the globe even

those with little knowledge of arabic know its name the phrase means liberation well the rather than of january put this part of the globe on the map but apart from that what else did it bring the people of egypt. this man has been running his own place in his for thirty five years it used to bring him enough money to send his son to study to canada and take his large family abroad one see. it with the economic devastation caused by and rastan political uncertainty muhammad's enterprise has been badly affected now he can barely of food to feed his children he says the wind of change may have brought freedom to egypt but it's brought a survival strong in its wake. but you know i love the revolution when it happened i welcomed it but look at the time we call life at the end of the tunnel we see it's not getting better we have nothing to eat just don't tell me about democracy for hungry people it just doesn't matter. the plight of

poverty fuel the revolution your growth has dropped from five to just one percent some thirteen million people live below the breadline unemployment has hit twelve percent. egypt's revolution was regarded as the most successful arab spring chapter in took eighteen days to end one of the world's longest dictatorships the five months on there is little satisfaction and dictator free egypt is far from the best place to lead. the. really heartless would now be about as much better than a day. with a lot of loot and back as a very sad that is our people are indeed tired even those who back the changes they see a man is from the revolution youth caliche and he tries to remain optimistic because

he says sounds a lot like south conviction that a good number of us like we've been living under mubarak for many many years too many i'd say but it's great what we did but we do need to be more patient and this is difficult we have a lot of problems right now but we do need to wait for a little longer. recentre need to mistreat sions in kashmir square show that there's twice as many has been pushed to the limit and it's trade tests versus patience and the battle to save egypt's from crown unfair they are a financial r.t. cairo. well it depends are slowly losing hope that they'll see the benefits of their own revolution william angle who has written extensively on egypt's uprising says the people fell prey to a game of simple politics. there has been no revolution in egypt i said so and in our t.v. interview in late january i believe that exactly that would be the outcome because this was incited from the outside it was designed to get rid of mubarak who was

a thorn in the side of the obama middle east policy and put the same people in there with it with a different face at the top a lot has changed and it's largely unfortunately changed for the worse the economy as you noted has plunged since the events of january. the tourism is not going to be bombed back anytime soon but even even still there was a rather healthy growth curve in the last several years even of all over iraq was still in power and that that has dramatically changed for the worse this never was about democracy in the first place a lot of youth were brought onto the streets under the illusion that it was but it never was and the military command was sitting in the pentagon all these events were unfolding getting coaching from the joint chiefs of staff in the u.s. and now you have the muslim brotherhood position to become the leading political party in the in the elections when they're held. that doesn't bode well at all for egypt this is a country with that diverse secular tradition and the economic

situation is getting worse so i don't think young people have more democracy i think perhaps they have even less. i know that it was a william and dar author an expert on egypt and the middle east we spoke to him just a bit earlier here on our team still plenty more for you to come this hour here on our seeing clearing up border stress as nato increases its presence along the northern front here between kosovo and serbia explore the possibility of even further escalation is an ethnic tension. there is no sign of violence letting up in syria the crackdown on protests continues as government tanks reportedly move into central how much the opposition stronghold more than one hundred people are said to have been killed over the past few days meanwhile the u.n. is locked in debate over what action to take on the crisis. as details from new york . there is a divide among security council members on where the condemnation of law is the us

and its western allies believe there should be a direct condemnation against the syrian government and the syrian president for the crackdown against anti-government protesters that have been taking place since mid march yet other countries like russia china india brazil and others believe that there should be on a much more balanced approach that whatever words are used in any text that is put forth by the security council should not exacerbate an already sensitive circumstance in syria now russia has said in the past that it opposes on balanced measures such as saying sions that it create an even bigger problem and the russian ambassador to the united nations vitaly churkin has said that the resolution dealing with libya he believes was dealt with very frivolously and the security council can't help but keep that in mind when contemplating what the security

council can and cannot do when it comes to the situation in syria we're concerned about the out of some of these collision of the conflict and we think that the circumstances the security council could and should the those that have signaled in favor of political accommodation and violence some of their positions. in terms of leaving on one side which is detrimental to the objective picture. of the russian delegation chaired by some other members of the security council do everything possible in order to. pull away from the brink of a civil war with syria is finding itself russia and many other security council members believe that the text of any draft resolution or presidential statement should be aimed at changing things on the ground in syria to send a strong. signal to the violence and move things forward peaceful now we do know

the security council members book continue discussing this matter and what is clear is that the international community is trying to reach some type of consensus to help end the violence that's been taking place in syria for more than four months. reporting you can also catch up the latest developments unfolding in syria by doing so online and on t.v. dot com get a firsthand account from our reporter sharing her take on a vents directly from the heart of the protest torn region. also take me to your leader wouldn't alien lands in russia this monument to extraterrestrial visitors is unveiled in an area famed amongst us profound sky high numbers of reported sightings all that and so much more on this you don't. know who sent hundreds of extra troops to cause a vote as the violence escalates on the northern border with. reinforcements will

bolster alliance forces already patrolling the area border clashes between cause of those special forces and ethnic one police officer killed peacekeeping forces fired on tensions were raised last week because of a police seized two crossing checkpoints to enforce a trade ban on imports from serbia this was in response to build rates existing embargo on cause of and goods in place since the unilateral declaration of independence in two thousand and eight go to a serbian canadian film director i think that whatever concessions are agreed it will just be making that. they would not be sending troops into kosovo if they didn't estimate that the situation could explode into a larger conflict and considering that the international community has an interest in solving the so-called north kosovo issue it would not be unreasonable to suggest that they are trying to sort of fix this issue as fast as possible and i strongly believe that if force is necessary to do what they have planned they will use it

this escalation of violence of course is not helping belgrade because. the people of serbia. see this as a provocation and it is making their sentiments against reaching a compromise. not not very favorable for tried your side so i think this is not definitely helping anybody whatever the both sides are urged to negotiate it is mostly for the reason to get the serbs to accept something rarely are albanians asked to make concessions to serbia and serbia has already made many things such as the so-called republic of course so they recognize their documents their i.d.'s their license plates so i think calling for the albanians to negotiations is another call for serbs to accept more things that are just leading to serbia recognizing kosovo. i know from problems here on earth to success is way up there in space have a look at your screen in just a moment here at this very moment are two russian cosmonauts on the international

space station making a six hour long. live pictures right here from the i seems a bit over overexposed a very bright pictures indeed but for the first time ever computerized space suits with a liquid crystal display that will give advice and instructions if anything goes wrong here here's a better picture of the ice that's extraordinary and extraterrestrial life action pictures right now on your screen i direct from the cold of awesomeness of space they will launch a micro satellite made entirely by russian students and today it will start broadcasting is in fifty different languages it's not going to fiftieth anniversary of your car in the first ever space flight and the looking rather you see here at the moment it's on the outside of the international space station here with the u.s. shuttle program now shutting down last month russia is now the only nation of them able to send people to the stars live pictures right here from space on r.t. . impressive stuff all right i'll be back with the headlines in just

a few minutes but first though it is the business news with a very. hello and welcome to business here i see now all of russia is considering the full price as a single one of its oil majors cross and that's why it's seventeen the government already plans to sell i third that the company even the controlling stake untouched so weeks ago rawson presently the image of the state will not rush the privatization off ross asked he outlined the decision that will be made right as he says it is considered necessary the move is part of russia sponsored privatized major state assets by twenty seven. so the central bank off south korea has twenty five tons of gold full blown points a billion dollars over the last two months that first purchase and thirteen years

bullish sentiment on gold markets across a margin they sense are taking the lead in the gold rush stock in the reserves and we're now joined by angus pappas head of sales at london pap so good thank you very much for joining us to sell us the share of gold in the reserves emerging nations is roughly ten percent and the public country sixty percent so why is that it's. one of the simple reason more than anything else is purely because that's historically how things have stood but what you what you all know seeing is emerging countries which have been in the past times particularly launch talks of gold ever since the. gold standard then did it was the western nations development is the richer nations he could draw a go it was a store of value and hold on trees whereas emerging countries and poor countries that they simply didn't really have the funds of the means to buy gold of course

emerging economies of become much richer and particularly china of kools which is drawing emerging markets growth there and in fact global great becoming much much richer and to diversify their assets obviously they have a great deal of exposure to u.s. treasuries but in order to diversify their is. into perhaps what is many consider as a safe place for your money gold is where they want to build. their assets and buy more of it as as a more permanent store of found the. now do you think this will be the main driver for gold rally on this or a limit for the price rise. well certainly it is the drive one of the drives there are many drivers that is causing gold to rally you can certainly one of which is the previous normal high gold was around just

a great hundred dollars an ounce and that was decades ago if you compare or on an inflationary basis i just that could days money then we're looking at high a normal high much greater number where we are at the moment where around some sixteen hundred sixty dollars per round at the moment but a lot of people say that could go much higher to two thousand even two and a half thousand possibly three thousand dollars per ounce and it's being driven by the concerns around but it also is being driven by the weakness of the u.s. dollar and also to a certain degree you the fact that many emerging economies are of course stocking up on gold all increasing the demand for gold in there is a fine around finite amount of gold available and if demand is increasing for it

and save all the price. there's a find out the amount of gold available but so what are the alternatives that. will bear on many alternatives is the simple answer because gold doesn't actually have any purpose other than glittering looking very nice and making jewelry and being a store of value because it doesn't have an industrial. unlike other precious metals such as silver so in that respect there aren't really any alternatives which is why you've seen gold. appreciate it great deal more in value than the other precious metals but from an asset class point of view the other precious metals in particular the industrial say silver platinum create them. these are all the i for before i will store was a front view because not only is that height the moment for the from an industrial point of view but will say from the fact that they can act as some sort of the if

someone says to you go. thank you very much those angle a scam go ahead all sells out along the capital group thank you very much for your insights. that's all the business for this hour join us for another all day it's about fifteen minutes from now next all the headlines. wealthy british style. sometimes. like the. markets why not. find out what's really happening to the global economy with much stronger the no holds barred look at the global finance.