in india because he's available in the movie the joint the hotel rooms the home of villas the gateway hotel the brand imperial trilogy the taj was the bush coromandel that's a little closer to sedona to go and. read this and the colonel was hoto as a retreat. isn't he holds crisis talks of the e.u. over its mounting debt problems sparking concerns it could be on the path to greece stalled by an adult. supporters and opponents of hosni mubarak clashed basically outside according to the post and eighty president of egypt faces trial. if they face the charges of conspiring in the killing of one hundred eight people on that categorically night got up out of pocket for months now think of the. divisions in the un security council western countries press for an outright condemnation of the

syrian government for violence russia says that it could damage the road to peace and calls for more than an. international news and comment this is r.t. live in moscow just turned eleven pm in the russian capital beleaguered europe is caught in still me sees once again as italy has held crisis talks with the e.u. average surging boring costs the country's bond yields have reached their highs level since the euro was adopted however prime minister silvio berlusconi has stopped short of asking for a bailout and our europe correspondent daniel bushell has more. oh the panic is what prime minister silvio berlusconi told the parliament but that's exactly what the markets are doing he said that he had that under control and that he was putting in spending cuts to make sure that the economy was there 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's only has been crossed. with don't hold your guy who represents the finance ministers here for the euros and because the mediation will continue to take place in calm but really i'm ok saying the opposite because of course people were promised off of 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 the second greek bailout the people here in brussels are also being you know we were promised that there will be no more and yet is another another taking place on the roof that there was a domino effect and the yields on italian have reached over six percent which is

considered the british long haul sustainable that spain in the same. six percent and the prime minister there is up in terror has counseled his holiday to do with the crisis in spain the trouble is greece boom on the bullets and the school economy it's in these days because the new free put together so even if the e.u. hit those moments of bail them out the question is can they afford to italy's parliament. pretty savage spending cuts just last month but all the signs all that the italians won't take them they're talking of national strikes they're talking of refusing to accept pretty much the same snorri as we saw with greece which saw all these horrible violent protests on the street so we really thiering repeat. of the horrible scenes that we saw in athens and once again we see europe is turning to the emerging markets the rescue. which the european investors seem not willing to buy so it's really

a case of the emerging markets once again coming in to bail out the struggling economies of europe correspondent daniel bushell there and market analysts fear the spike in bond yields is a clear signal that the sovereign debt crisis is a long way from being under control and earlier i spoke to roll he's an economist with the independent think tank open europe based in london he believes that bailing out isn't it would prove an impossible feat for the eurozone if you look at the size of the euro zone financial stability facility it's tops out four hundred forty billion the current debt market for its year alone is one point six trillion euros so even if they try to use the funds supply up some italian bonds or provide some for cautionary lines of credit new new additional measures that were agreed on the second greek bailout it's not clear how much difference they would really make given the size of the italian economy and the size of the bond market once the bond market turns against the italian economy which it looks to be at the moment and the costs keep spiraling out of control it's only

a matter of time until they become unsustainable really unfortunate we have a race to the bottom here spain does have very large korean costs as well and a large amount of refinancing coming up over the next year. increasing slightly quicker than italy also has bigger internal problems in terms of the repast real estate market and very poor economic growth as well so there are more problems really in the spanish economy itself and then you could see the italian economy states but again it does look to have a bit more political stability at the moment although with the upcoming elections that adds another layer of uncertainty so both those countries the future isn't looking great at least in the in the near term. across the ocean there the world's largest economy has been rescued from the brink of collapse barack obama signed the bill to raise america's boring 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 i both parties many republicans pushed for less government spending while democrats wanted to keep social programs and have the richest americans pay more in tax despite the last ditch agreement credit john moody's has slapped the u.s. with a negative economic forecast was standard and poor's could still downgrade its triple a rating that is you can't really control reports many say that the u.s. is used to dishing out advice to others who may be less accustomed to helping itself. congress has now approved a compromise to reduce the deficit and avert a default the would have devastated our car the u.s. just had to swallow the bitter pill that many students 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 that at the same time make it impossible for the government to play any role to save the economy in the economy there is going down rapidly at some point shortly after the collapse of the soviet union russia became an american laborde treat 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 reality were we 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 nan's of the communist economy was in collapse and there was nothing to replace it with. so the situation was

disastrous before he did it was over a hundred billion dollars in gold in foreign currency reserves was in a fifty million which effectively means nil bork he would sooner fullness of that than governments remember how in america's advice so-called shock therapy was a client the markets might have got the therapy but the people got the shock and to shelves and mass ball there was enough go there as one politician sit from a markets into a communist economy it is easier it's like 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 it took more than russia a decade to revive its a quarry and return to economic growth transforming the country's fortunes after the disaster of the nine hundred ninety s. but we're going yes now the patients in dire need of economics theory will soon see the maps and they thought it was good enough. for america it could

actually part of scale. egypt's ousted president hosni mubarak is on trial in karo for corruption and ordering the killing of some eight hundred forty people during the federally uprisings a charge that could incur the death penalty outside the courtroom of art supporters clashed with his opponents one person was killed a father fifteen were injured as each side holder rocks and bottles at the other but he's excited workers following the developments for us there. well the judge presiding over the courtroom ruled that the trial of the part of jordan feels all past based is primarily due to health reasons i feel sad to see that practice remain at a military hospital all foreseen by and i'm colleges. concerned the defense side in this that's been the. people that actually.

crossed. the line and adding trial i feel its conclusion. was slipping in and out as that. fact. that. irish people are tapping out i think back in january in fact believe that all of these reports are more help nothing more than just the actress the wife the child for example satisfying the belief that the late night i'll see. that is the charge of it there because many generals that out of this one has told. the testimonies. i don't promise. compromise the political alliances that remain in power for so long now of the

child was surrounded by a very security operation about five thousand and seven riot police. here at the side clashes on ice for the future here in cairo. and the chance of the fire. was. all wrong there are a lot of expectations that these trials. because. many. of the revolution were thankfully the people. that if you were big and you had to catch that burgeoning economy over to slaves and i call it a very international airport. 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 religion of january put this part of the globe on

the map but apart from that what als did is really the people of egypt. this man has been running his own pieces 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 mohammad'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. but 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 but 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 it's 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 he twelve percent. egypt's revolution was regarded as the most successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships and five months on there is little satisfaction and dictator free egypt is far from the best place to be and one of the people getting ready. and we are getting ready. for the people now are talking about mubarak as well much better than a day after day about evolution and its impact and they're very sad that is out people are indeed tired even those who backed the changes this young man is from the revolution youth caliche and he tries to remain optimistic and he says sounds a lot like south conviction that he felt like we've been living under mubarak for

many many years too many i'd say but it's great what you 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 she's in the square show the best tries this has been pushed to the limit and it's protests versus patients and the battle to save egypt's from crumbling further grief and optional r.t. . for more on the barracks trial and the situation in egypt will not talk to you here you know he's the editor in chief of the newspaper in karachi thanks very much indeed for joining us now all the people saying real justice for this trial or could the interim military government just be using the trial to appease public anger over the perception that so little has changed since his fall. well i don't believe i don't believe about

i believe that a lot of a lot of i have to have been done during the lot during the last five or six months . including the former president stepping down on their feet weary a lot of so i i'm not one of those people who believe that all these things or all these procedures. for the sake of calming down the people in the public. know what we're witnessing in egypt not on the body of the region. radical changes which are going to shape the future. not on leave you to both but the whole of the region so if you say a lot has been done and there have been radical changes why is it that we've seen protests in the streets recently vociferously angry protests in the. when you

say i agree protesters what do you mean by those protesters you mean the protesters that have taken to the streets on. july eighth or. what are those protesters still the recent protests we've seen suggesting that there hasn't been has not changed as egyptian people want and it's been clearly a glitch in the media the recent the recent protests. actually we have taken to the streets to push the government to certain decisions to take certain decisions like running the trials in public. also to to push for a speedy trial for the president the trial which was underway actually so the protesters have taken to the streets recently to speed up the procedures not to to to push or. to push the government to such procedures to speed up

the implications of such procedures let's talk about the trial do you think this could be a message to other middle eastern leaders like gadhafi in a sad that this is what could be waiting for them in the future. well there is no play many messages actually this this trial is in the head of this was maybe maybe massive. but litany tried to clarify at the beginning that it's only thing i'm working those twenty messages are being delivered on with english and deliberately closed when when when we go ahead with the trial. former president we we don't mean anything we don't mean any implications to the neighboring arab countries but of course i mean those messages have been delivered on willingly. some of the bass ijaz so. it's kind of

warning for tomorrow's criminal criminals not to be bored today this is one of the passages which are being delivered by this trial the other masses is it's a crowd of supportive messages to the public's. which the public which has taken to the streets both in syria and libya and in yemen not to leave go to keep pushing because those people those tyrants beyond not gods and they are not even sunni gods be we could be toppled them be could be try. fortunately one of the other matches message is being delivered to those tyrants that i am afraid that such a trial might. push them to hang on to power more violently and to to act more violently but this is in advertently masses

that we cannot help but say. let's refer now to the recent events in egypt we know their own forces moved in to clear protests as recently from tahrir square something we touched on a little early. that sort of reaction from the military doesn't really suggest that the country is on the road to democracy and to free speech does it but you seem to say that much has been done and much has changed there in what way then if we're seeing these images in what way do you see the country improving since the fall of mubarak. well i can i can tell you that the country's moving in the right direction since barack has stepped down on certain respects on for instance on the on the as far as the freedom of expression is concerned yes there is limited freedom of expression which we are witnessing and experiencing

these days of. egypt also. be transparency. the whole country goes we have a saying once we had a say before the revolution every every country has a. body it's a mob you have it has a country now we are free of. that mafia so i believe the company is progressing on many levels on many respects. but of course we have to admit that like every revolution. every revolution has certain negative impacts on certain respects like the economy for instance but these things you know to go hand in hand was a revolution in egypt and the solution is not and will not be an exception but i

guess that the political reforms that the b b b revolution has managed to effect is the best guarantee to make a big comeback on any level yeah you know thank you so much for joining us contain your thoughts and life through congress from the isle harmonic you paper thank you for your time thank you you thank. well by the way you can check out our website at www dot com for more stories news and videos and you can watch that interview once again if you want here's a sample of what's lined up for you right now at the moment on the web site voices many countries are now gripped by anti-government protests but in israel the demonstrators are hungry not just for economic reform but also for international media attention. 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 available right now on our teeth dot com now 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 more than one hundred people are said to be killed over the past few days and meanwhile the un security council has condemned syrian attacks on civilians and human rights violations let's get more now from our team report now she's in new york my first what's the latest where you know it's come out of that u.n. security council meeting. that's right bill after three days of negotiations and talks behind closed doors a presidential statement has come out from the security council now this statement condemns all use of force against civilians in syria it goes on to also ask the secretary general of the united nations ban ki-moon to report back to the security council in seven days after implementing some of the suggestions that the

presidential statement makes and that is to refrain from all acts of violence as i mentioned to it here to international human rights laws to make sure that a national investigation is launched into the ongoing violence in syria that began in mid march and at this point we do know that the russian ambassador to the united nations batali churkin says that this is a signal. that all participants of violence in syria should stop immediately any acts of violence and come to the table for peaceful dialogue no presidential statement is not as forceful something like a resolution but it is still a signal from the international community calling out the syrian people the syrian government hoping that it would help are sure in some peace some peace and stop the ongoing violence we should also remember that lebanon nonpermanent member of the

security council did speak at the end of the meeting saying that whatever affects syria affects love iran and vice versa and that. part of it because of that because they are such close neighbors such close allies have such a close partnership that lebanon needs to disassociate itself from the presidential statement that was supported and right out in the security council so clearly not everyone is seeing this exactly the same but there is some kind of consensus to try to stop the ongoing violence that's taking place in syria without money from new york marino. time brings up today from i'll be back with the some of our main news stories in about five minutes from now in the meantime it's good business with. hello and welcome to disney's here on arts now the rush hour is such

a launch and small sum vicious privatization program since the one nine hundred ninety s. the government i'm still free to sell fourteen major state companies spites twenty seven seeing. this kind of brings us all the latest details it really is safe to say that this is a deal or just privatization one in russia since the ninety's they're talking about some really huge companies like russia second largest bank needs to be more electricity generator producer should he need to airport in moscow and saw from floor to watch great 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 know some of the decisions of the new holders you know probably one of the most interesting longest list to be privatized is going to last year russia's largest oil company the leader in the petroleum industry actively explores and develops in the most regions of russia it's also one of the biggest public

companies since fifteen percent of its shares are all that are floating all over the market seventy five percent of which shares longs 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 yes and you got will be after the first stake is sold it is expected that back should bring around thirty billion dollars into the state budget and it's also expected that the second stage should be twenty five to fifty percent more expensive so that would bring even more cash into the state budget all of this is part of this huge privatization one word by the president and it is. used to brighteyes a warship state assets by joint chiefs seventeen. let's take a look at the markets now oil prices continue to fall this hour investors but signs

of a slowing u.s. economy may falter fueled around in the world's biggest crude consideration. and gold is actually as concerns that the u.s. economy's faltering are boost in demand for safe haven the yellow metal is adding almost seven dollars per ounce while silver is our one dollar. and ball it's now trading on the u.s. markets today this hour they are mixed there was a better than anticipated report on labor abroad that didn't affect the markets that much and this has been the ninth session in the row skulks were down making up the longest losing streak in nearly three years but again we are seeing and this is sleep into positive territory now let's take a look at what happened here in russia moscow when markets closed in the negative territory tracking losses in europe and asia both the r.t.s. i know my sex lost over the science let's take a look at some individual movers on the my sex energy majors were among the main

losers swayed by lower crude prices gas from went down almost four percent ranking stocks were also down with needs to be losing three and a half percent bucking the trend was poly is gold adding point six percent on stronger precious metals and i look at scott so for me to be capital says the russian market plummeted in office correction after recent highs. the russian market the military probably through the strength of the ruble and the oil price has been stronger than the external markets where well europe was gradually falling apart both the yields were climbing and the indices were falling russia was holding 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 pressure was looming and i know this the names most affected by those that held up most of the correction and then with the steel stocks or know that there. and that's all for me this hour the headlines are lax the bell.

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