he's available in the movie the joint the hotel rooms the movie that's the case we go to the grand imperial truly to talk to us to push coromandel. socialist or to sit down to go and. read this in the kennel was toto as a treat. is really holds crisis talks with the e.u. over its mounting debt problems sparking concerns it could be on the path to greece stalled by. supporters and opponents of hosni mubarak clashed fatally outside according caro where the deposed an ailing president of egypt faces trial. the charges of conspiring in killings of almost eight hundred fifty people something that categorically denied the cookie of the target from the would be kept a catholic unit. also reporting this our divisions in the u.n. security council western countries pressed for an outright condemnation of the

syrian government for violence russia says that could damage the road to peace and calls for more. international news in comment this is r.t. live in moscow just on a.p.m. in the russian capital good to have you with us this beleaguered europe is caught in stormy seas once again as italy has held crisis talks with the e.u. over its surging borrowing costs and countries have reached their highest level since the euro was adopted prime minister silvio berlusconi has stopped short of asking for a bailout well let's get more now from europe correspondent daniel bushell and daniel addressing the italian parliament prime minister berlusconi he tried to reassure the troubled markets but just how serious is the situation right now.

already by going he is being now and he waited till the markets were closed to show you how to read it while he was barry's the beach could make the market with them cause them to go out without sharply they believed there would be a market arrival he built a thing at the moment and tried to reassure people over its leaves for their problems is that even tempered called the mafia he added i have been able to deal with your field strength and i recently went through them so that was trapped at the show they were capable of going through another crisis and that they saw it he added you want to save a life and reduce it's really big and he didn't call for a payout of that sympathy here across of the many next steps although the crisis talks today that were held between italy and euro zone find that she showed those human the yield of the tiny and bull has reached record levels in europe history even in

a war as well and they have the proper sewage method to get them to pursue the sewin bread and the anything above pick a bed is because of a novel and a sleep over at the expense of the moment fame is a lost cause crime is that the cerro that have counselled it call a day and return back with christ in madrid and italy national day of course it's much bigger than its g.d.p. it could make a product which calls for one eva of the troubles of people here and say here in italy the economy is just too big to play oh another would be much bigger than the greek island of corsica could again up in fact the third big bust of germany and france in the euro zone and it will be even if it does once a bailout italy is just because both of you. got your greece's second rescue package less than two weeks ago and while that failed to give investors enough reassurance what more is being done to limit the damage. well you're right it's really good policy very savage spending cuts the austerity measures and when the

intelligence they've been willing to accept it that's the trouble with greece as well and people are calling it a national strike me as trying to reassure and say that so the situation is all right both you know the markets are really good ones who decide that we've heard one of the world's biggest lenders but we can buy that slashing its exposure to italian government bit as one of the some of the concerts not just greece i wouldn't want to call it a really business say we don't have confidence in your ability to slash your unsustainable it's level and could be you know you're honest if they say i'll fix this we will continue on the. rest of showing closer credit really and the interesting thing is that it's really here it's again twenty three verging on its way out because greece went down they went to a zero zero to kill a great investment and the treasury is currently over twenty of asia trying to get

those bonds growing economies some boy italian forms now a huge you know world grocer has described the market as of course but the concern this now ok daniel thanks very much indeed for that daniel bushell live there in the process well for more on the way italy's economy may be heading when i'll talk to the kind of economics journalist daniel knowles he's from the u.k. he's online the telegraph thanks very much indeed daniel for joining us well as we just heard still there but it's going to be hasn't asked for a bailout so far but italian bond yields of surge what about six percent now that's just a bit lower than the levels that sent greece to alison ireland and portugal very close so how imminent do you think is a rescue package for italy now. well it's looking a lot more imminent than it ever did it's quite complex i mean it's really is not quite like greece it's not people don't necessarily think that it's really isn't so

. that's the interest rates that have been used it's only could be expected to repay its debts i want to happen it's it's it's relatively thin trade i think and. this sort of paranoia sets in and they're pushing these bubbles up with it and that means a great amount of debt the city has to service. yes it would need some sort of bailout well that's what's worrying is now here you can see something that's what's worrying is the size of italy's debt it's really quite significant when you compare it to the only debt ridden country so could actually afford to bail it out . well that is that is the issue i don't think that the i think you know even if you as a whole possibly could i don't think politically that would be possible in terms of the german taxpayer the germans happily so you look at the sort of average german in the street and lots. they weren't keen on bailing out greece and certainly not

doing anything of bailing out. so i think you know it's going to be i don't think that angela merkel's coalitions with the political capability to do that so talking to you actually more likely sorry i don't just talk talking of germany i must mention this article you just written here on the on the on line that you telegraph your saying that germany could actually or should leave the euro in order to solve this crisis i mean that but what impact would that have on the eurozone and indeed the e.u. that's a bit of a drastic measure. but it's pretty drastic i think the problem is in the long run it's just impossible to have an economy like it's a limb economy like germany and the same monetary system it's a vice and it's a wall creates inflation in germany so. it's very difficult for countries that if that system leaves to leave there's no sort of good system about to happen but over it would take several years i think but actually it's possible it would be possible

for germany to leave the euro potentially in a way that would destroy everything in quite the sense that it's only leaving the euro. there's something to be said for that right you know it's an interesting point now italy's finances they may be very shaky of course but the political situation that doesn't really inspire much confidence either does it but how does it actually got itself in this financial mess why is in so much debt. the. it's having government has had it's really sorry the country has had ten years at least of just incredibly slow growth sort of you know with the rest of europe was going through the heart is that it's it was sort of barely managing the sadness it's got it's very hard just to finish high unemployment also totally spent a huge amount of money for example understand italian politicians themselves plenty of cells twice the amount of the european average joe they've been spending. has these very very deeply ingrained sort of structural problems that goes because the

low growth because it has such low growth rates hasn't had the growth you know tax revenues it hasn't had a growth in. receipts and all the while the sort of bets kept going because it hasn't happened. so it's a reason tragically political economical thought all the way through all right. danielle i'm sorry we are out of time we're going to lose our link soon to london so thanks so much for sharing your thoughts and comments journalist daniel and also in the u.k. is online telegraph thanks a lot and apologies for the sound quality there at times thank you daniel. well across the ocean though the world's largest economy has been rescued from the brink of collapse barack obama signed a bill to raise america's foreign limit with just ten hours to spare before the country was due to default after months of political wrangling democrats and republicans hammered out a last minute compromise which finally cleared both houses of congress however the 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 many

republicans push for less government spending while democrats want to keep social programs and have the richest americans pay more in tax despite the last ditch agreement credit giant moody's has slapped the u.s. with a negative economic forecast last standard and poor's could still downgrade its triple a rating in its artistic catarina good job reports many say that the u.s. is used to dishing out a virus to others but maybe less accustomed to helping itself. congress has now approved a compromise to reduce the deficit and avert a default that would have devastated our car the u.s. just had to swallow this bitter pill that many students it will how 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 economy is going down rapidly. some point shortly after the collapse of the soviet union russia became an american laborde tree for nearly broke economic theories but can americans take their own advice now to deal with their own economic crisis. live within your means the same advice they gave us without knowing our economic and social realities in. the to the russian guy how did russia central bank in the immediate post soviet period the year he took up the job in one thousand nine hundred ninety two so the worst poor figure inflation in russia's history the us is sarky into nantes of the communist economy was in collapse but there was nothing to replace it with. so the situation was disastrous for you

did was over a hundred billion dollars in gold in foreign currency reserves well listen fifty million which effectively means nil bork even so reform is something than governments remember how in america's advice so-called shock therapy was applied to the markets might have got the therapy but the people got the shock and to shelves and must prove it was in as one politician said for you to you from a mortgage to a communist economy it is easier it's like trying to turn your into fish soup but you do the opposite is much harder it's like trying to revive the dead fish it took more than russia a decade to revive it's a quarry and return to economic growth transforming to countries full chance after the disaster of the nine hundred ninety s. but where do you are now the patients in dire need it could onyx. see the marks and they thought it was good enough soviet russia or america if they didn't argue of

the art of. egypt's ousted president hosni mubarak is on trial for corruption and ordering the killing of some eight hundred forty people during february uprisings a charge that could incur the death penalty outside the courtroom in the capital cairo mubarak's supporters clashed with his opponents one person was killed a further fifteen were injured as each side held rocks and bottles at each other parties are kind of workers following the developments for us. well the judge my starting over the courtroom role that the trial of the park will be i drew one feels all past fifteen primarily due to. the crisis remains at a military hospital overseen by an ecologist. or a different idea that's been in. people's. mind and. trial and still its conclusion. that we're slipping

in and out of that. fact. out of the. chatter. that all these reports are or how things were bad fast trix the wife and i the child passing. out of a flying leap that that flight nine also. didn't charge or. something structural that i. saw. on it and i don't. mind the political allies that remain in power for now the trial was surrounded by the very

security operation about five thousand and that right. here at this side the clashes. here in cairo. that's the part. of iraq there are a lot of expectations that trout. press. of the. rest actually believe. that if what you. heard me think about it over to my colleague mary international reporters 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 perfectly it means liberation well the revolution of january put this positive light on the map but apart from

that what i'll say it is really the people of egypt. this man has been running his own christmas 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 seeing it with the economics of a station caused by and rest and political uncertainty mahomet's enterprise has been badly affected now he can barely a 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. sad about it really like that but you know i loved the revolution when it happened i welcome that that looked at the time like a light at the end of the tunnel you 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 supplies of poverty fuel the revolution good growth has dropped from five to just

one percent some thirteen million people live below the breadline unemployment has he twelve percent. egypt's revolution was regarded as the major successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships but why months on there is little satisfaction and dictator free egypt is far from the best place to live and one of the people are getting very tired and they are getting ready hoppers of people now talking about well much better than a day is today about evolution and its impact as they are very sad that is out people are indeed tired even those who back the changes this young man is from the revolution youth caliche and he tries to remain optimistic and he says sounds not like south conviction that you cannot just like we've been living under mubarak for many many years too many i'd say but it's great will be to the 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 the square show that is twice and has been pushed to the limit and its protests versus patients and the battle to save egypt's from crumbling further rafe an option or r t cairo. where you can check out our website is hockey dot com for more stories news and video here's a sample of what's lined up for you right now the site of voices so many countries are now gripped by. antigovernment protests in israel demonstrate his fear that international media is paying little or no attention. was on the website at the moment pop goes the president's point out one of the usual hopes his love of music might strike a chord in the hearts of his people. there's no sign of violence letting up in syria the crackdown on protests continues as government tanks reportedly move

into central hama the opposition stronghold or than one hundred people are said to have been killed over the past few days meanwhile the u.n. is knocked in debate over what action to take on the crisis and artie's is in new york. there is a divide among security council members on where the condemnation lobbies the u.s. 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 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 sanctions that could 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 frivolous lee 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 wild sometimes collusion of the country and we think that under these circumstances the security council could and should the positive signal in favor of political accommodation and ending the violence some of the positions. in terms of one side which is detrimental to the objective picture. of the russian delegation shared by some other members of the security council to 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 peacefully now we do know the security council members will 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. now for some international news stories this is four people have been killed and thirteen others injured after western baghdad was struck by twin explosions officials say the bombs targeted a liquor store on the first one brought police and witnesses rushing to the seem to be caught by the second blast a few minutes later this comes after iraq's political leaders give the go ahead or gave the go ahead for talks aimed at keeping u.s.

troops in the country on a training mission. japan has passed a law to help tokyo electric power pay compensation with the victims of the fukushima nuclear disaster crisis forced almost eighty thousand people to move from around the crippled plant with fisheries and tourist industries in the area also here the government is expected to pitch in and initial twenty six billion dollars in special bonds but eventually cost could be far more for. hundreds of troops are being deployed in the city of karachi in attempts to went on going violence that has killed almost sixty people in five days of course a quarter pound scattered in pakistan's largest city some riddled with bullets and showing signs of torture these p. believe around two hundred people were killed in the city last month alone and much of the fighting has been blamed on supporters of the country's main political parties. and in australia a police have freed a young woman trapped in a own home with a bomb reportedly attached to her neck he called the police from

a house on the wealthy neighborhood in sydney a bomb squad worked for nearly ten hours to remove the device is gone is told to remain calm to avoid an explosion and some reports suggest that it may have been an attempt to hold the teenage girl to ransom. back with a recap of today's main stories we are short in about seven it's now in the meantime the latest from the world of business with marina. hello and welcome to business here artsy now russia is set to launch the most promising some program since the one nine hundred ninety s. the government and some focus so a number of major state companies and for more details on the joint bars in support of the school nor how are you going to hear our business going on what can you tell us who are these companies. well it is really safe to say that this is the largest

privatization plan since the ninety's they're talking about some huge companies like russia second largest bank d.t.b. or electricity. electricity burgos production company in parallel or should you need to put your board so called for a large freight company all of them are going to be privatized in the next several years the government ones only to leave the so-called golden share which would enable it to veto some of the decisions often you all are but also on this list and probably one of the most interesting assets to be privatized is russia's biggest still oil company deal leader in the petroleum industry it's actively developing and exploring oil fields in most regions of russia it's also one of the biggest public companies because fifteen percent of your shares are floating on the market clearly seventy five percent of its shares belong to the stage but it plans to

reduce in the next sixty years so all of this falls under this huge privatization all round or forward by a president and his school is to be privatized all the lord stayed. there for twenty seventeen. balsams the present rate a resident of his worse thank you very much you're right i was aware of this going off reports and on the premises of program thank you. now let's take a look at the markets oil prices continue to fall this hour investors read about signs of a slowing u.s. economy may fold surf you will demand in the world's biggest clue consume the nation futures dropped as much as one percent on wednesday and that's after the unexpected fall of us consumer spending. gold is edging as concerns that the u.s. economy is faltering all boosts the demand for safe haven the yellow metal is adding a dollar sixty this hour overall silver is up ninety one sites and set

a look at the u.s. markets told us our trade in bear there is still valid but are you now making a comeback and that's the spy it's a better than anticipated reports on labor this is the ninth session in a row it's in the red making that the longest losing streak and nearly three years . european stock markets are closed now and they ended lower only feels so short wilson is in the u.s. and asia among the worst performers were society in general which dropped six point six percent after reporting a thirty one percent drop in second quarter net profits all the banks are mostly lower as well that's except for standard chartered which rose two point two percent in london after the lender reported its twenty percent rise in its first half profits. and here in moscow markets close a very negative territory tracking losses in europe and asia both the arts yes and the my sex also over three percent let's take a look at some individual moves only my sex and energy rangers were among the main

losers wait why a lower crude price gas boom went down almost four percent banking stocks were also down with losing three and a half percent but bucking the trend of us politics gold adding point six percent on stronger precious metals and i look at scots are probably to be counted so says the russian market plummets there is an obvious correction after recent highs. the russian market the military it is probably three. it through the strength through will and they will price has been stronger than that external markets where well europe was gradually for an apartment fields were climbing and again this isn't falling russia was holding up really well and was is was just a few days ago trading near the money price for the russian indices so it's quite obvious that the correction was looming and obviously the names most affected by those that held up most of the correction to name a few it's there is the steel stocks warren over there. that's all the business news this hour is only for another all day then about fifteen minutes time in the

meantime the headlines with the help.

to move. to. the book. wealthy british style it's sometimes it's right on. the. market why not. find out what's really happening to the global economy because we forge on our. mission. creep.