joyce the photos the. way hoto the grand imperial tried to toss west coast coromandel. the socialist hotel said don't need to go and. read this in the kennel was her child retreat. top stories of the week on our t.v. financial crown stripped a last minute deal with that crisis couldn't save the u.s. from a show credit downgrade. and that rounded up wall street's worst week in over two years and with its debt problems in europe also a crisis point the markets a brace for monday mayhem. egypt's toppled president goes on trial on charges of mass murder and corruption the people feel the revolutionary regime is replaced it's a little better. than neighboring israel hundreds of thousands of people take to the streets and then present it as a nationwide rally commanding the government maybe living costs lower.

hello this is r.t. watching the weekly roundup of the top stories of the past seven days is make having zero in it's now eleven pm moscow time now first last friday the financial world was shaken after the u.s. was stripped of its top tier aaa credit rating by standard and poor's agency for the first time since one thousand nine hundred seventeen then its rating has been downgraded now to a double a plus with a negative outlook biters officials are on the defensive saying there's a two trillion dollar calculation mistake s. and p. admits it but nonetheless it's taken its decision saying the huge budget deficit is still a cause for major concern all this despite the last minute debt deal that narrowly rescued the country from default economists most proud of all told us the stock markets are set to go crazy on monday. i do think it's sunday night local time here

in new york or monday morning for egypt when the markets open ceilinged australia and then could be there are very very few speech or we're going to see some of the dislocation that we have all here because we kind of hit it. this disaster over the last month or two. which is actually mentioned in the press release it's complicated by the complete dysfunction of the us congress is the other shock wave into a global economy and global financial markets spent the last week for them down a flight experience so i think we're in a very sensitive year and while there's no good time to be downgraded the timing of this s. and p. downgrade of the u.s. from aaa. could not be worse america's ratings cut has made a stern response internationally china is demanding independent supervision over u.s. dollar operations and is calling for a new stable reserve currency singapore based investment although jim rogers told us that anxiety is justified to all the asians already know that america's got

problems all of us are already moving out of u.s. government bonds we never got out of the first global recession unemployment in america is still higher than it was in two thousand and eight and merica it you take in the considered big things that they guaranteed they printed huge amounts of money you know the world has gotten worse the world hasn't gotten better but it should the u.s. will default that's why people are moving away from u.s. government bonds because everybody knows the u.s. is in serious trouble and the debt situation is getting worse and worse not better and better the long lasting political bickering over the u.s. debt ceiling followed by the last minute deal was widely seen as another factor undermining trust in the american economy is going to porton i explained. help us avoid default debt ceiling nation default and this crisis time's running out the entire world is watching it's been a public spectacle filled with the bickering grandstanding and lack of compromise i

devise a debate over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's so-called sound economy damage been done no matter what happens now everybody thinks the united states isn't so secure it isn't so safe even if the craziness subsides it seems to have gotten real close and who knows whether next month next year this war will walk again since the underlying causes economic problems are getting worse in this country point five trillion dollars of america's darling is owed by foreign countries experts say washington's mismanagement may cause investors to abandon the devalued dollar and their partnership with america it's like being married to someone so many years they were dirt you well know little why do how much can i put up with this relationship the us has been. the only

game and with the internet making noises chinese making noises were you know we're alone now in our ability to be a repository for financing in the world the result could spark a replay of the two thousand and eight of the nomic meltdown except this time last not wall street would be responsible it's like the batteries worn out the spark plugs don't work the tires are flat all of this and so what we're trying to do is say we've got a little bit of money in the bank let's pay that down but we're not doing anything to fix the economy and so we're putting ourselves in a bigger and bigger hole not just because of the debt but really because we're not creating any way to get out of that instead of a u.s. president repeatedly asked americans over the past week to join the campaign. to borrow and spend more make a phone call center e-mail tweet keep the pressure on washington and we can get past this while the eyes of the world's have been following the heated saga playing

out between u.s. politicians the main problem not going away is america's debt and the growing realisation that elected officials may never be capable of agreeing on how to solve it. r.t. new york. new york based transvaal cosa general selenski told me that despite the last ditch attempt to salvage a dent strategy the new great depression really be underway the american economy as well as much of the global economy is heading into the greatest depression the united states can't deliver on its wars that losers wars where the iraq afghanistan the war on drugs the war with libya they're losers the government did everything that they touch why would any thinking this old look at the republicans and the democrats the inept and the incompetence to come up with a program that's going to salvage the nation investments having confidence looking

to the same people that caused the problem to resolve it that's called insanity. european markets are also braced for monday morning off they took a hammering last week even central bank officials are holding emergency talks on how to prevent italy from becoming the next victim of the debt crisis all that saw for the german government reportedly admitted that the new rescue fund won't be able to save it to lead the euro zone's third biggest economy if it doesn't leave health this week europe and america's debt difficulties triggered panic a markets that saw the worst clone since two thousand and eight economic journalist patrick young told me the e.u. needs to change its crisis approach and media. let's try and understand both sides of the numbers here the italian government oh one point it trillion euros now that means nothing to anybody but that is bigger than the total government debt of arland four to build and greece put together before the end of

this year it only needs to sell dorn's debt which is equivalent to the whole of the greek government bond market in other words all of the greek debt but we've been talking about for weeks and weeks and weeks as being huge arises italy is huge and it is just too big to manage it in any way be rescued in the way that other economies have so far being bailed i by the e.u. and what the euro zone needs to do is completely rethink the approach that they currently have which i'd actually a completely new approach some time by september october or maybe november we are in severe danger that the euro zone is going to collapse in time economic analyst michael ross told us was not the euro debt that triggered the market panic but the political wrangling in washington. i tell you one thing this is not a normal crisis and this was not the normal crash that we had this week. it was the

beginning of the end what this deal is that has three got all these problems the illness is called debt all western nations are over debt they lose their credibility and what happens when they lose their credibility then banks are going bankrupt and i tell you another thing only in a short time all banks all of the most important banks worldwide in the western world will be taken over by government by the governments and another thing it's not the discussion about the euro and the debts and euro this is of course a problematic issue it was the discussion about the debt ceiling in united states that triggered this mess. economist michael ross talking to us there and watching r t live from moscow with me kevin and still to come in the program new political upheaval with a few trade as police surround the tent city has been set up by supporters of detained former prime minister to shank it the thread all of the security forces

lurks in the background are reporters of there we've got the latest for you and also to come in the program to a look at how s.s. much is commemorating the dead of bringing nazi ideas back to life in modern day stone. next the almost sixty people have reportedly been killed across syria as the government continues its military crackdown on protesters there over forty of those facilities fatalities are said to be in the city of. twelve of them and in the homes province this is just the latest of many violent responses to the unrest that began in march earlier this week government forces stormed the city of hama killing up to twenty four human rights activists say that overall more than one and a half thousand people died just before the latest wave of violence the country's foreign minister promised a free and fair general election at the end of modern history lecture of from oxford professor mark o'mara told me there's a lot going on backstage in syria right now. we turn to syria has peaceful

demonstrators against the good patient. but in practice all the weapons out. of iraq aren't the sort of small groups who are. in the early years of occupation they are friends of. their workers are on the ground so we have also. going on behind the rhetoric of both sides who. represents. a real danger is that we could scale civil war in syria. first mark almost big of a bit earlier on wall russia's president to meet with valid says if syrian leader bashar al assad fails to stop the violence and carry out reforms his fate could be a green one. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments but after u.k.

violent orders to destroy the opposition the syrian president gave no such orders unfortunately a lot of people are dying in syria this is our biggest concern in my private conversation with the president of syria and in the private letters i sent him i discussed the same ideals reforms need to be carried out you should establish peace with your position establish peace in the country and create a morgan state if he fails to do that i'm going to send future awaits and at the end of the day we'll have to make a decision so we're watching the situation it is changing our guidelines are to go with what you're looking at there is probably extensive interview with the meter maid belive gave to r t as well as to the echo must be radio station and the georgian t.v. channel pic if you'd like to watch the extended version it's on air again here in the next hour. well the revolution is over but few in egypt say their lives are any easier these days even considering the former president's finally on trial charged with killing and corruption wasn't barack denied those charges against him at the

opening of a hearing in two accusations of aldridge killing of protesters if he's convicted of a barrett could face the death penalty the eighty three year old was in a hospital bed when he appeared alongside his two sons and top aides who were also accused of corruption of mass killing over the six months after mubarak was toppled the post-revolutionary chaos makes many egyptians yearn for what went before his maria for national records this quaint cairo is now one of the most famous in the world and many around the globe even those with little knowledge of arabic know its name perfectly means liberation well the revolution of january put this part of the globe on the map but apart from that what else did read the people of egypt. this man has been running his own business for thirty fine. is it used to bring him enough money to send his son to started to canada and take his large family a blow in one seeing it with the economics of

a station caused by and rest and political uncertainty comments in the price has been badly affected now he can value of food to feed his children he says the wind of change may have brought freedom to egypt and its brought as a vital stone 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 the market for hungry people it just doesn't matter since the plight of poverty fuel the revolution your growth has dropped from five to just one percent some thirty million people live below the breadline unemployment has hit twelve percent. egypt's revolution was regarded as the nation's successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships five months on there is little satisfaction and

dictator free egypt is far from the best place to live and we have the people getting very tired and they are getting ready hoppers but the people now are talking about as much then a day is today about a lot and and they're 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 and he says sounds a lot like south conviction but i think you know let's say 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 the square show the best choices and has been pushed to the limit and it's trade test versus patience and

the battle to save egypt from crown and found a very fine option or r.t. kyra. my life only get worse for the egyptian people because they fell prey for political gain says f william and he's written extensively about egypt's uprising. there has been no revolution in egypt i said so in an r.t. interview in late january believe 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 plunged since the events of january the tourism is not going to be bombed back any time soon but even still there was a rather healthy growth curve in the last several years even while move rock 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 and now you have the muslim brotherhood positioned to become the leading political party in the in the elections when they're held. that doesn't bode bode well at all for the just so i don't think young people have more democracy i think perhaps even less and there are scenes reminiscent of egypt in neighboring israel as well where more than a quarter of a million people took to the streets on saturday night in the latest show of discontent with the government itself the three weeks of protests over the soaring cost of living with activists demanding the prime minister steps down but he made himself responded with probably change for israel's economy and he set up a special candle to deal with the crisis not as a stop calls for an egypt style revolution with one telling street label to tell your question or thought its policy or find that testers are concerned it's taken this much pressure just to get any kind of reaction.

tens of thousands on the streets of israel angry today and protesting for change but is anyone listening when it comes to a lot of the foreign media want to see more of an action movie and. very violent it's been very hard and been violent and also been very positive. well into week three the largest demonstration in israel in over a decade and how did a.b.c. c.b.s. and n.b.c. cover it they didn't a young a woman set up a tent while the editors of france twenty four b.b.c. and sky coughed up just a few meager seconds perhaps not even that interesting. back you know back in the studios ok it was a protest well what exactly is a protest a social protest for the revolution it's not the same kind of story that they used to know it's not as big and dramatic as some of the bigger revolutions happening

around the middle east and i'm here because russia isn't surprised by the worldwide lack of media interest he's worked in the israeli press for decades reporting from media both foreign and local there is a box that the international media has put israel in and the israeli palestinian conflict also israeli lebanese and syrian conflict and anything that doesn't fit into that. immediate type of of news item which is unfortunate that just makes hundred reyes and others angry for nine days she's been camping here furious that she can't make ends meet as a university student it makes me feel sad that when egypt decided to stand up and say we've had enough and eleven and they decided to say we've had enough the media was all over there i haven't seen anyone from c.n.n. or fox news or any other big news channel here and it's really sad we also deserve a chance to be heard out. this street has been down some poor corner by some of the

people here an optimism perhaps the paint suits and bring down the government in the way the neighbors in turkey it's a railroad they bust was the term was they were rolling nonstop yeah they pretty absent policy out at sea. well of course we're keeping a close eye on developments in israel on our web page twenty four seventh's. home site updated for you there as well you've got links to our twitter feeds administrates not worldwide correspondents are the latest news updates they see around them lots of r.t.m. to school plenty of information from us too on facebook just search for our team used to get there you can find out all about our top stories ready and waiting for you can also join the discussion on the stories you see it's always with a. not forget he's a rapidly expanding extensive channel on you choose a five hundred million hits there are of course some programs available when you want to see them since wrote to us you can explore new from russia around the

league. of nations free cretaceous free in-store churches free. range movies three. three stooges free. old free born killers clothing videos for your media project and a free video down to our t.v. time something. police have surrounded a tent camp set up in ukraine's capital person porters of former prime minister yulia timoshenko was arrested on friday the protesters fear officers may storm the camps after the court trials taking place banned outside gatherings i think the lecture is yes he's got the latest from here. ukraine's former prime minister yulia timoshenko still remains in detention center in here following the decision by according to your tool placed under arrest for that i mean forbid him to leave the country. she was put behind bars as the judge just explained because of her bad

behavior during the trial now. he's being accused of several very high profile economic crimes including striking unlawful gas deals with russia back in two thousand and nine it's interesting because there has already been a comment coming from the russia's foreign ministry saying that. the old these deals signed in two thousand and nine were completely legitimate and were signed in full accordance with the two countries legislation and urged ukraine to hold a fair and transparent trial over the country's former prime minister yulia timoshenko they've also been very sharp remarks coming from europe in regards to the detention of you to the strength with many organizations in europe or the parliamentary assembly of europe the council of europe all criticizing this decision and urging the authorities in ukraine to release going to hold a fair and transparent trial on we understand that the protesters which are

picketing the detention center that's where i'm standing right now and the court building in downtown here are determined to stay there twenty four hours a day and when or stand that they are trying to garner more people asking people from all over the country to come to kiev and voice their their protest against the decision to place to rest. for you also a brief tonight over forty people have been arrested dozens most of them policemen injured and riots flared up in north london protesters attacked offices of the fatal shooting of the twenty nine year old man last week through petrol bombs at police on the torch buildings a bus and police patrol cars more than three hundred were involved in what began as of march to demand justice for the killing. israel supreme court has started hearing an appeal from the country's former president moshe katsav in march he was sentenced to seven years for raping an employee while he was a cabinet minister in one nine hundred ninety eight he was also convicted and sentenced for sex offenses against two other women during his presidency but

allowed to stay out of jail while he appealed for the presence to not do including his case today. veterans from nazi s.s. units in the stonier gathered to commemorate a battle with the soviet red army this last week it's the kind of meeting band across most of europe has the growth occasion of naziism but in a stone year it was a rival anti fascist rally that was prevented r.t. sarah firth reports notes on how pro nazi sentiment is feeding a new all true right wing movement. and he is staying in town to finish but in one thousand nine hundred forty four at the scene of this by i think it's nice to get soldiers yes. we have like the monuments commemorate save us soldiers that died in that fight left in the mud away in this town all save the scene gathering of. what . weisberg. is.

a former soldier. i want for him but it's something at the moment you don't think about later or think about the people. country and most of year at these kind of events a band. aid in a stain years a different story altogether. it's common in the story to call these people freedom fighters. on the same day this event. had given allegiance to hitler. they had never liberated. in fact in recent years the thirty's that made it increasingly difficult for the easy come to oppose the event this year once again members of the anti fascist movement were detained.

by the police because we were traveling in a stop questioning on the way in. i haven't. seen any kind of other opinions from their own opinion which is very very much supporting the. revival of the far right across europe has caused growing concern right parties a gaining ground in countries like australia finland and france savage sleuths are by far right extremists very thick in norway recently driven home just how dangerous these fees when they believe the safe are fails take decisive action to stop the nazi commemorations calder's bush's push for international legislation to condemn the glorification of wartime ashes and events like the one in a stadium make it clear in a clear the not all countries that. critics of this event gathering provides

a four and a dangerous fascist i did the government's failure to ban it seen at the very least as being morally and politically insensitive surf. looking ahead just a couple of minutes time we look at one of the most infamous figures in soviet history stalin's right hand man and the supervisor of the gulag prison camps from which many never returned as a subject of a special report coming up after a boy your summary of the week's top stories managed kevin i know we're back in just a couple of minutes time. the

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