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go and. read this and the colonel was toto treat. it really holds crisis talks with. sparking concerns it could be on the. supporters and opponents of a clash. with the deposed president of egypt faces trial. he may feel the charges of conspiring killing almost eight hundred fifty people something that categorically denied trying to be accountable for more detail think of the candidate. divisions in the un security council western countries press for nation of the syrian government. russia says that could damage the road to peace. and this process promised us a some plants are getting better what the government considering to give up its

entire stake in many major companies will have more on that and twenty minutes. international news and comment this is r.t. live in moscow just turned ten pm in the russian capital good to have you with us this hour beleaguered europe is caught in stormy seas once again as italy has held crisis talks with the e.u. ever its surging boring costs the country's bond yields of reach their highest levels since the year it was adopted and prime minister silvio berlusconi has stalled. short of asking for a bailout but let's get more now from this from our europe correspondent daniel bushell and he's joining us now live in brussels prime minister berlusconi tried to reassure the troubled markets but just how serious is the situation right now there

. well don't panic is what prime minister silvio berlusconi told the parliament but that's exactly what the markets are doing he said that he had italy's debt under control and that he was putting in spending cuts to make sure that the economy was viable but the news came out the bank one of the world's biggest lenders has slashed its exposed not just to italy but to the other troubled states of greece ireland and portugal which really sends out the signals because it's the business who decide at the end of the day not the politicians and investors are saying they really don't trust the word of the national politicians who say they've got their house in order so it to me has been in crisis talks today with junk load your guy who represents the finance minister is here for the euros and because the mediation will continue to take place in calm but really the mole keeps the saying the opposite and because of course people promised all through the greek bailout that there would be no more then italy comes along which of course in the meantime we've

had paul to go on and on a second greek bailout the people here in brussels are also being you know you were promised that there will be no more and yet there's another another taking place so there are real fears here that there was a domino effect and the yields on italian have reached over six percent which is considered the threshold. that spain in the same. over six percent and the prime minister there is up in terror has canceled his holiday to deal with the crisis in spain the trouble is greece going on a relatively small economies italy's is bigger than all three put together so even if the e.u. does want to bail them out the question is can they afford to. greece's second rescue package daniel less than two weeks ago failed to give investors enough reassurance was more is being done to limit the damage now. italy's parliament did pass these pretty savage spending cuts just last month but all the signs although the italians won't take them they're talking of national

strikes they're talking of refusing to accept pretty much the same as we saw with greece which saw all these horrible violent protests on the streets that were really fearing a repeat of the horrible scenes that we saw in athens e.u. chief was a moment barroso has said that the market treatment is a cause for deep concern because markets have reacted negatively to that news and once again we see europe is turning to the emerging markets for risk you. which the european investors seem not willing to boy the head of italy's treasury is on a tour of asia and he's trying to find support for italy's bonds there so it's really a case of the emerging markets once again coming in to bail out the struggling economies of europe daniel thanks a lot for that update live from brussels correspondent daniel bushell there well meanwhile across the ocean the world's largest economy has been saved from the brink of collapse as barack obama signed an eleventh hour bill to raise america's

borrowing limit economists continue to sound the alarm over dangers still facing both the u.s. and world economies as it's feared washington's efforts to cut spending could just slow down already sluggish growth. reports many say that the u.s. is used to dishing out advice 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 economy the u.s. just had to swallow this bitter pill but many still a doubt it will how the patient's 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 debt 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 tree for nearly broke economic theories but can americans take their own advice now to deal with their own economic crisis very impressive live within your means the same advice they gave us without knowing our economic and social reality in any. big deal you russian guy had it 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 four figure inflation in russia's history the us is sark into now and has the communist economy was in collapse but there was nothing to replace it with. the support of the situation was disastrous for debt was over one hundred billion dollars in gold in foreign currency reserves well listen fifty million which effectively means new.

people to reformists of the van government remember how in america's advice circle shock therapy was a fly on the markets might have gotten the therapy but the people got the shock to shelves and must prove. as one politician said to move from a markets to a communist economy is easier it's low. trying to turn your query into fish soup but to do the opposite is much harder it's like trying to revive the dead fish into coordinate 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 with the us now the patient in dire need it could all make surgery will soon see the maps and they thought it was good enough for both dog will be feat for america it's in the direction of art. egypt's ousted president hosni mubarak is on trial in colorado for corruption and

ordering the killing of some eight hundred forty people during the february uprisings a charge that could incur the death penalty now inside the courtroom mubarak's supporters clashed with his opponents one person was killed and a further fifteen were injured as each side hold rocks and bottles at the other all these are kind of following developments for us. while the judge presiding over the courtroom ruled that the trial of course the park will be a joint field office space being primarily due to health reasons i feel he is expected to remain at a military hospital overseen by and i'm college if he's. concerned the defense side insists that he is in the red people this is a bad man actually prevents him from. buying as bad a trial as phillips complaisant if. he were slipping in and out of consciousness that's separate from. some pretty.

high risk people protesting out i think back in january and i believe that all these reports are more out that nothing more than just a theatrical wife. and child back to our house that flying that that place nicely also. that is in charge of many of the generals that out. so i saw myself. on it and made i don't buy my. compromise the political alliances that helped him to remain in power for so long now and the child was surrounded by a very happy security operation about five thousand absolutely and that's dr kelly's. here at the tribe the clashes become essentially

a feature of the day here in cairo. as far as. i'm. sure it's all wrong there are a lot of aspects. to this trial. chris. many helping the revolution were thankfully the people. that were because they knew they had to catch that urge me on to me how many people were disillusioned that i call it very pronounced 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 means liberation well the revolution of january put this part of the globe on the map but apart from that what i'll state is bring the people of egypt. this man has been running his own business for thirty five years it used to

bring him enough money to send his son to study to canada and take his large family a blow to one see him but with the economic to the station caused by and rest and political uncertainty muhammad'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 way. you know i love the revolution when it happened i welcomed it that looked at the time like a light 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 and took eighteen days to end one of the world's longest dictatorships but five months on there is little satisfaction and dictator free egypt is far from the best place to live in a free of the people. and. the people now. know much better than that they. would be a better solution. as they are very sad. people are indeed tired even those who back the changes this young man is from the revolution. he tries to remain optimistic and he says sounds a lot like south conviction that i get on the other side we've been living under mubarak for many many years too many i'd say that it's great what we did but we do need to be more patient and this is difficult we have a lot of programs but we do need to wait for

a little longer. recentre need demonstrations in the square shows that this time the system has been pushed to the limit and its trade tests versus patience in the battle to save egypt from crumbling for the grief an optional r t. check on our website www dot com for more stories news and video in addition to what you see here on screen here's a sample of what's lined up for you right now should you log on sign and voice as many countries are now gripped by anti-government protests but in israel demonstrators are hungry not just for economic reform but also for international media attention. and pop goes the president find out why the georgian leader hopes his love of music might strike a chord in the hearts of his people those stories and plenty of others in our dot com. there's no sign of violence letting up in syria the crackdown on protests continues as government tanks reportedly move into central farmer the

opposition stronghold more than one hundred people are said to have been killed over the past few days meanwhile the u.n. still struggles to agree on action to address the crisis. is in new york. they're working towards a presidential statement and for that all fifteen members need to agree on all the text that is written in this statement what we know that they have agreed on is calling for an end to all the violence but there is there is a divide between whether or not the draft the presidential to include violence against security forces the west western countries and the us do not consider there to be violence against security forces they believe that the the civilians in syria that were demonstrating have been have been assaulted and there's been a crackdown against them but there are other members of the security council that see the circumstance of bit differently which brings us to the story and why it's

taking so long but we do know the international community is working to try to reach a consensus to put a statement out for syria to listen to now the russian ambassador to the united nations vitaly churkin did address the media saying it's no secret that the u.s. and western countries think that the mask is is to blame for the violence that's been taking place in syria for more than four months and by just putting pressure on syria possibly this problem would go away but russia and other security council members don't see this circumstance so black and white and that the task of the security council is to push both sides towards dialogue and for the circumstance to and in a more peaceful manner we're concerned about the violence and this collision of the gauntlet and saying that under these circumstances the security council could and should send bowser to signal in favor of political accommodation and ending the violence some of the positions. in terms of leaning on one side which is

detrimental to the objective picture. to. the russian do we get. 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 the draft presidential statement that i have seen also calls for the respect of human rights for there to be a national investigation into all the violence and for those responsible for the violence to be held accountable all fifteen members need to agree on this text for it to be adopted and then announced and that's what we're standing by to see if that will happen. report talking to me to learn of the new york will to talk more on the situation in syria i'm not joined by political analyst about it darrius nasm roy he's actually joining us there in libya thanks so much for being with us here on a to our to you know where the international pressure mounting on syria each day is

there a danger that we could be heading for a repeat of libyan events or all the situations in the two countries very different . situation isn't very similar both events in libya and syria have been orchestrated by the same people one of them is an organization including the national endowment for democracy in fact that people who started. these problems and destabilize and destabilisation of syria are the same people who started in libya and actually have meetings in cairo in early february when in libya my own spoke out the people who were part of this so-called transitional council in opposition in libya met with the same people who are starting the problems in syria they all met in cairo and bernard henry louis b.h.l. of france was there and met with him in cairo in february when all this broke out there at the exact same modus operandi crime are being used in syria and libya so

because let me quickly ask you about events so you're saying that this uprising isn't by the a genuine uprising by the people of syria people who appear to be losing their lives over there calls for a change in the regime. well people have died i don't deny this people died and yet two but i'm saying that the numbers and the facts are being cook we are looking the same human rights organizations human rights organizations that we know very little about are being quoted about these numbers in both libya and syria are they having a monopoly in the media someone should ask who are the people behind you to minority rights organizations there is political motivation between what they're saying in syria and in libya syria and libya are the exact same cases in regards to the media for you being used against trees and for example lamont of france said one point six one point something million people gathered in two cities in syria

those cities don't even have a combined population it could mean that they're not their example which is a young man in syria was killed he's being used as a symbol as a martyr as it is in arabic but this young man's family says it wasn't the syrian government kill them nobody is talking about the atrocities and the weapons going into syria being used against the syrian military no i'm not saying it's ok i'm sorry go to that let me just ask you quickly about the events happening there the former egyptian president mubarak and his declining is stands all allies in bed before a judge tell me what could this sharing mean to leaders of other countries that are so far survived through the the arab spring. people believe this could be a message interpreted as. typical behavior of the united states britain france and several other countries in western europe where they where they don't use their former allies sadam hussein is an example the taliban are examples

this is what this is once you're trying to once you label it expire and go get rid of you for their own interests their interests supercede or higher to higher interest or higher importance to them than any of their allies in the arab world or i should just briefly if we already i'm tom going to very busy program quickly want to ask you about the fact that russia is calling for a dialogue to sort out the problem there in syria do you really think that donald could be the way forward would a sad sit down and talk to opposition groups. been doing this since he became president syria he's been trying to push for reforms he's not the sole man controlling syria there's other parties involved but the syrians have been in dialogue this is this is something that we know it is news reports that go back years about this what i have to say is a lot of the people involved in the dialogues disingenuous and it's the same case

in libya in fact a lot of the people in the transitional council were the people in libya who were part of these dialogues and if you look at the records in the human rights organizations in the case they belong to they talk about regime change in libya and this starts all the way goes all the way to the one nine hundred ninety s. so it's the same thing in syria now i'm not against any democratic movement in syria but i have to let you know that a lot of these parties like the muslim brotherhood here they're not for democracy and ideological minorities so when the media says people represent all of libyan society that is absolutely false very interesting and we have to say as always muddy doris nelson rose from the center for research on globalization joining us live at the moment there in tripoli in libya thanks. well back to our top story now financial troubles pile up in both the euro zone where more bailouts look to be on the cards and across the ocean in the u.s. the world's largest economy has been saved from the brink by a last minute congress compromise to raise the country's debt limit for more let's

not talk to economics journalist jeff madrick he's joining us live there in the states now silvio berlusconi says that italy has solid economic foundations but if the troubles do persist and if it does ask for a bailout could the eurozone survive that. well i think the eurozone is going to survive i think their problem is they haven't chosen to recognize the facts early and big is an old formula for dealing with crises they've been late and small i think they will catch up to the crisis i think these nations do need bailouts restructuring of their debt private bondholders private investors will have to take some of the hit it too i think the euro zone is fundamentally strong and i do do i think the euro zone will last i do it's extraordinary to hear that because so many people say that the eurozone the euro is

doomed and you clearly disagree with that but it still seems unsustainable doesn't it to just to carol you know the name you actually. well you know we've thrown money at bad money since the beginning of the financial markets that goes back a long way in the u.s. actually it works the u.s. is not a bad example tarp work to stop our tarp worked to stop the immediate meltdown of the markets the bailouts worked they were very far from perfect i was critical of them because they should have demanded much more of that is the obama stimulus work. did start to rise it's risen more rapidly than it has in europe because europe has been slow to react to the problems of europe on the other hand hasn't suffered the unemployment problems the u.s. has but it is within the means of these nations to deal there is some myth in the world that the america is poor that europe is poor that we're overwhelmed by

demands we are not poor. and today's we do have fundamental capacity to keep growing i'm not known as an optimist but i do believe the problem is a serious political one that europe doesn't want to face it's not an economic inevitability so you agree with president obama spokesman actually discounting speculation that the economy is heading back into recession then the states where you are despite this debt deal reached in washington. no no. no no i did not say that we recovered but we are now faltering again i believe exactly the opposite the only good news that's come from this package is they've kicked the can down the road there will be a drawing to a commission of congress to decide for their one point five trillion dollars in cuts but by then congress may have had to face reality the american economy is

now one week we did recover so it is now a week it needs stimulus gathers and we're not facing that fact that the weakness of the economy is now becoming apparent already the stock market immediately almost immediately went down when the agreement came through or not and i think even these congressmen who have their head so deeply in the sand you wonder whether any part of their body sticking out at the moment so deeply in the sand even they will begin to understand how bad the economic how dangerous this let me say how thin the ice is on mixed metaphors but when you think about also that so much time is the political wrangling that obviously the focusing on this massive debt in the states it really has done a lot to put off investors has it not in the near future in the u.s. surely as you're saying the economy needs stimulus how is it going to get stimulus when investors probably going to turn against the dollar and run away from america

. i think it's a serious problem i think obama the president has to step up and start saying we are not going to create jobs again until we start spending investing in infrastructure even have outright job creation programs by the federal government the real crisis in america the real reason the democrats lost in two thousand and ten is because they did not face the jobs crisis they fell for the line of a mythology that america's problem was government spending manifested in its deficits that was not the problem it is not what's scaring america it's you know we've had no job creation in the decade of the two thousand wages have actually come down since the start of this recovery or risen very small very small amount an unprecedented situation the job machine in the u.s. is broken and obama if he paid attention to that and that alone on the economy might get somewhere at the moment his prospects for reelection i'd say are fifty

fifty maybe slightly better than fifty fifty really interesting here where you have to say jeff madrick thanks so much for your time joining us live there in new york jeff madrick that thank you. well let's stay with the world of business now and get the latest here in moscow with marina. hello and welcome to business here on r t russia is set to launch its most ambitious presidential program since the ninety's the government aims to for itself for two major state companies spites twenty seventeen and arses are going to school brings us all the latest. it really is save just saying that this is a deal or just privatization one in russia since the ninety's they were talking about some really huge companies like russia second largest bank e.g. b. or electricity generator produce. airport in moscow and saw from florida

a large freight company all of them are going to be privatized in the next two years the government only plans to leave the so-called golden share which will enable it to you know some of the decisions of the new holders you know probably one of the most interesting of all this list to be privatized is going to last year to russia's largest oil company the leader in the petroleum industry actively explores and develops in most regions of russia it's also one of the biggest public companies since fifteen percent of it shares are all are floating all of the market currently seventy five percent i would share is belongs to the state but the government wants to reduce this figure as soon as by twenty fourteen they want to see the state control fifty percent plus one share of course you have to and that will be after the first stake is sold it is expected that that should bring around thirty billion dollars.