top aaa credit rating by standard and poor's agency for the first time since one thousand nine hundred seventeen then its rating is being downgraded now to a double a plus with a negative outlook white house officials are on the defensive saying there's a two trillion dollar calculation mistake s. and p. admitted thousands but nonetheless it's sticking with its decision saying the huge budget deficit is still a cause for major concern all this despite the last minute debt deal that not only rescued the country from default economist told us to stop markets is set to go crazy on monday. i do think that sunday night local time here in new york or monday morning for egypt when the markets open in new zealand australia and then quickly thereafter in northeast asia we're going to see some of the dislocation that we have all feared because we kind of headed into this disaster over the last month or two complicated which is actually mentioned in the press release complicated by the complete dysfunction of the u.s. congress we're going to see another shock wave it into

a global economy and global financial markets that spent the last week fall and got a flight of stairs so i think we're in a very sensitive irony here and while there's no good time to be downgraded the timing of this s. and p. downgrade of the u.s. from aaa to double a plus could not be worse america's ratings cut has had a stern response internationally china is demanding independence supervision over u.s. dollar operations and is calling for a new stable reserve currency singapore based investor north of jim rogers told us that anxiety is justified. 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 america if you take in the consider the things that they guaranteed they printed huge amounts of money you know the world has gotten worse or hasn't gotten better but vision of the u.s.

will default that's why people are moving away from u.s. government bonds because everybody knows that the u.s. is in serious trouble and the debt situation is getting worse and worse not better better and. the long lasting political bickering of the u.s. debt ceiling followed by that last minute deal was widely seen as another factor undermining trust in the american economy is more important explains. 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 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 the damage has been done no matter what happens now everybody really 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 the

next month next year this war and blow up again since the underlying causes economic problems are getting worse in this country your point five trillion dollars of america's borrowing 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 deciding you have to so many years they were jerks you want to know what or why do how much can i put up with this relationship the u.s. has been for a long time the only game in jail but the european community is 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 economic meltdown except this time washington 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 notches. because of the dad but really because we're not creating any way to get around that that instead of us president repeatedly asked americans over the past week to join the campaign to borrow and spend more make a phone call send an 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 marina port niall r.t. new york. new york banks transvaal cosa joe solent he told me that despite the last ditch attempt to salvage a dent strategy the new great depression mild right to be on the way 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 it loses wars where there are iraq afghanistan the war on drugs to war with libya they're losers the government did everything that they touch why would any thinking his dulled 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 investors 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 after they took a hammering last week e.u. 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 e.u. rescue fund won't be able to save it to leave the euro zone's third biggest economy

if it does need health this week europe and america's debt difficulties triggered panic a markets that saw the worst 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 the size of the numbers here the italian government owes one point eight trillion euros now that means nothing to anybody but that is bigger than the total government debt of arland portugal and greece put together before the end of this year it will be needs to sell bourne's debts which is equivalent to the whole of the greek government bond market in other words all of the greek debt that we've been talking about for weeks and weeks and weeks is being interviewed arises italy is huge and it is just too big to manage who in any way be rescued in the way

that other economies have so far being bailed out by the e.u. what the euro zone needs to do is completely rethink the approach that they currently have without actually a completely new approach some time by september or 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 is 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 is dealers that has three get all these problems the illness is called dead all western nations 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 debt in europe is this is of course a problematic issue it was the discussion about the debt ceiling in united states that triggered of this mess. economist michael ross talking to us there you're watching r t live from moscow with me and still to come in the program new political upheaval with ukraine as police surround the tent city that's been set up by supporters of detained former prime minister to shank in the thread all of the security forces lurks in the background our reporters are there we've got the latest for you and also to come in the program to a look at how s.s. marches 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 derail zoo and twelve of them have been 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 of a half thousand people have 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 a from oxford professor mark almond told me there's a lot going on backstage in syria right now. who turned to syria tears peaceful demonstrators against a good patient. care if you ship but in practice or weapons have been screaming some of iraq aren't you the sort of small groups who are hostile to the americans in the early years or. they are friends or girl. because who's a friend so we have also. to. intrigue going on behind the rhetoric of

folks who know about democracy or who represents the people and so on and i think the real danger is that we could see here a very large scale civil war in syria. first magowan speak to a bit earlier on will russia's president dmitry medvedev 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 like gadhafi gave violent orders to destroy the opposition the syrian president gave no such orders but 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 new state if he fails to do that then

a sad future awaits and at the end of the day we'll have to make a decision we are watching the situation it is changing our guidelines are to. what you're looking at there is part of the extensive interview that dmitri medvedev gave to r.t. as well as to the echo muscovy radio station and the georgian t.v. channel pick if you'd like to watch the extended version it's on air again here in the next hour. when 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 them about eric denied those charges against him at the opening of his hearing into accusations of ordering the killing of protesters if he's convicted mubarak 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 a mass killing however six months after mubarak was toppled the post-revolutionary chaos makes many egyptians for what went before his maria for national reports

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 else did read the people of egypt. this man has been running his own business for thirty five. it used to bring him enough money to send his son to study to canada and take his large family abroad one see him but with the economic devastation caused by and rest and political uncertainty mahomet's into price 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. 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 supply just 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 major successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships the five months on there is little satisfaction and dictator free egypt is far from the best place to live in a free the people are getting ready. and. ready hoppers the people now hoping about mubarak as well much better than the day after day about evolution and this in fact as their 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 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 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 on the. recent tree need to the street scenes in the square shoot it this time he says he's been pushed to the limit and its trade tests versus patients in the battle to save egypt from crumbling through the reef an ocean or ati kyra. my life only get worse for the egyptian people because they fell prey to a political game says f. william endow he's written extensively about egypt's uprising there has been no revolution in egypt i said so and in our t.v. interview in late january i 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 mubarak was still in power and that is 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 position to become the leading political party in the in the elections when they're held. that doesn't bode well at all for he 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 there more than

a quarter of a million people took to the streets on saturday night in the late to show of discontent with the government after three weeks of protests over the soaring cost of living with activists demanding the prime minister steps down but he made himself responded with a promise of change for israel's economy and he set up a special panel to deal with the crisis but that doesn't stop calls for an egypt style revolution with one tel of the street level to turn the corner. or found that protesters are concerned it's taken this much pressure just to get any kind of reaction. tens of thousands on the streets of israel angry. and protesting for change but is anyone listening when it comes to throw a lot of the foreign media want to see more of an action movie and this hasn't been a very violent it's been very hasn't been violent at all it's 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 that they didn't a young a woman set up the 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 to. back you know back in the studios ok there's 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 and it's not as big and dramatic some of the bigger revolutions happening around the middle east and i mean 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 that is the israeli palestinian conflict also the israeli lebanese and syrian conflict and anything that doesn't kind of. the immediate time of. which is

unfortunate that just makes hundred and others angry for nine days she's been camping furious that she can't make ends meet as a university student. that would 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 that we also deserve a chance to be heard out in the street. corner by some of the people and optimism perhaps that can bring down the government in the way they maybe didn't tell his school. bus was the cameras they were nonstop. they pushed for the seat. well of course we're keeping a close eye on developments in israel on our web page twenty four seventh's. for

you there as well you've got links to our twitter feeds straight from our worldwide correspondents for the latest news they see around the. news you get there you can find out all about all top stories ready and waiting for you can also join the discussion on the stories you. know forgetting the rapidly expanding extensive channel on you tube we've got five hundred million hits there are some programs available when you want to see them since wrote to us you can explore news from russian. mission in. cretaceous three. three. three. three stooges free. food free board video for your media prog. free media. time.

police have surrounded tent camps set up in ukraine's capital supporters of former prime minister yulia tymoshenko who was arrested on friday the protesters fear officers may storm the south of the court trials taking place gatherings. who's got the latest from kiev. ukraine's former prime minister yulia tymoshenko still remains in detention in here following the decision by according to you have to placed under arrest before that i've been forbidden to leave the country now she was put behind bars as the judges 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 russian 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 with many organizations in europe at 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 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 the stand that they are trying to garner more people are asking people from all over the country to come to kiev and voice their their protest against the decision to a place to rest. for. also in brief tonight over forty

people have been arrested dozens most of them policemen in judo riots flared up in north london protesters attacked offices of the fatal shooting of the twenty nine year old man last week rioters threw petrol bombs at police and they torched buildings a bus and police patrol cars more than three hundred revolver 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 the former president's denied any wrongdoing claiming his case of a political entity. that runs from nazi s.s. units in the stone gathered to commemorate a battle with the soviet red army this last week it's the kind of meeting banned across most of europe was 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 next on how pro nazi sentiment is feeding a new all true right wing movement. well here in the is staying in town a cinema that a nine hundred forty four it's a scene of fighting between saviors soldiers yes. we're here by the monument to commemorate the saviors soldiers that died in that fight less than a mile away and this town's all say the scene of the gathering of veterans day near . an event this game widespread criticism glorifying. the. association of former soldier. in this form but it's something at the moment you don't think about later think about people. for. whom country and maced of year at these kind of events a band. that in a sting it's

a different story altogether. it's common in the stonier to call these people freedom fighters we hold all potence trollies on the same day they hold this event to remind them what they are and what they had given allegiance to hitler not to tell them that they had never liberated dystonia in fact in recent years the stain you know thirty made it increasingly difficult to come to oppose the event this year once again members of the anti fascist movement detained at the pool do that by the police because we were traveling in was stopped for questioning on the way in i was stopped and i was told that i have an entropy bishan to the country and. any kind of other opinions from their own opinion which is very very much for supporting the. revival of the far right across europe has caused growing concern right parties

a gaining ground in countries that austria finland and france savaged by far right extremists and this. brave way recently has driven home just how dangerous these views remain the leaders say far failed to take decisive action to stop nazi commemorations within its borders russia's push for international legislation to condemn the glorification of wartime. events like the one in a sting you're making glaringly clear the not all countries are on board critics of this event hoggy that the gathering provides a four and a dangerous new fascist i did the government's failure to ban it seen at the very least as being morally 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 my name's kevin i know we're back in just a couple of minutes time. the

of them gets. to to say . mission. critical three.

three. three. three. three. three. three.

despite. the troubles. president. just across the border in israel. takes. a look at the. prison system it's the subject of our special report next. the summer of one nine hundred fifty three soviet leader passed away one hundred days ago. classified instructions to every corner of the soviet union.