kevin owen it's now one am moscow time and on friday the financial world was shaken when the u.s. was stripped of its top triple a credit rating by standard and poor's for the first time since one thousand nine hundred seventeen and rating was downgraded to double a plus with a negative outlook white house officials have been on the defensive about that saying there's a two trillion dollar calculation mistake s. and p. admitted that but it's sticking with the decision on the last saying the huge budget deficit is still a cause for major consent on all this despite the last minute debt deal that narrowly rescued the country from to fold dr rodriguez trembly from the university of montreal told me the u.s. government's hands a tight now over the economy. it shows a lack of confidence in the u.s. government we are in there within an economy stormy to you no way and it seems that the. other economists are saying the u.s. government is it's a bit like a ship without a captain in

a storm this is not very nice very good and it doesn't look very good for the next two years because the election is on me in two thousand and twelve and then at the end the u.s. government is deadlock and cannot do any very serious policy decisions to counteract the economy downturn and that danger is that the u.s. economy can turn into an economy depression and that's what politicians american politicians should be trying to avoid are trying to ward an economy depression where china is a bit of prisoner of the united states you know the other main credit to the united states with more than a trillion and a half. dollars in u.s. dollars that the old. hold in their reserves what's the fear what china fears that the fed the american central bank with primo money will buy more treasury bonds and that. the u.s. dollar that will depreciate investment in the u.s.

and they would be. be paid back with monkey money that's why they are afraid down the road and they may try to draw from investing in the u.s. and buy more gold for example the reason why well it is going up so fast because countries like china and india are buying gold instead of buying u.s. dollars. the long lasting political bickering over the u.s. debt ceiling followed by that last minute deal is also widely seen as another factor undermining trust in the american economy. 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 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 he damage 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 won't 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. will be in for a long time the only game in jail but the european community is making noises chinese making noises were you know we're not 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 not just because of the debt but really because we're not creating any way to get out of the debt instead of the u.s. 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. and those european markets also braced for monday morning after they took a hammering late last week the e.u. central bank officials are holding emergency talks on whether to buy a tally and spanish government bonds to try to calm the markets that's after the german government reportedly admitted that the e.u. rescue fund won't be able to save its only the euro zone's third biggest economy if it does need help this week europe it america's debt difficulties to get panic on the markets the sort of worst plunge since two thousand and eight you know a journalist patrick young told me the e.u. needs to change its crisis approach mediately could do that 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 our land for two golds and greece put together before the end of

this year it will lead needs to sell bourne's debt 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 illusion races italy is huge and it is just too big to manage to 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. coming up in the program as well tonight new political upheaval grips ukraine as police surround the tent city has been set up by supporters of detained former prime minister tomasz and the threat of security forces lurking in the background all the time as we

report and also to a look at how the s.s. marches commemorating the dead bringing nazi ideas by. back to life in modern day stone again. almost sixty people have reportedly been killed across syria as the government continues its military crackdown on protesters over forty of those fatalities is said to be in the city of dia and twelve in homs province this is just the latest of many violent responses to the unrest which began in march early this week government forces stormed the city of hama killing twenty full 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 the general election at the end of the year modern history lecturer from oxford professor mark coleman says it's there's a lot going on backstage in syria right now. who turned to peaceful demonstrators against a good patient. trying to shit but in practice or weapons have been screaming some

of iraq aren't you the sort who sold groups who were hostile to americans in their early years all. their friends old girl mark you don't like us not because he'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 how a very large scale civil war in syria the. president to be preventive says if syrian leader bashar al assad fails to stop the violence and carry out reforms his fate could be a grim 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 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 grizzling and some need to be carried out but frankly you should establish your position establish peace in the country and create a multi-state if he fails to do that then a sad future awaits all of you and at the end of the day you'll have to make a decision we are watching the situation it is changing because there are guidelines are too. or you looking out there is just part of an extensive interview dimitri medvedev gave to us at our table as well as the radio station and georgian t.v. channel pick if you'd like to see the extended version of that interview coming up next hour here on out. or the revolutions over but few in egypt say their lives are any easier these days even considering the former president is finally on trial charged with killing and corruption hosni mubarak denied those charges indeed 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 and mass killing of a six months after mubarak was toppled the post-revolutionary chaos makes many egyptians yearn 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 it bring the people of egypt i 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 behold one seeing between the economic devastation caused by and rest and political uncertainty mohammed's enterprise has been badly fractured now he can barely a food to feed his children he says the wind of change may have brought freedom to

egypt it is brought a survival strong in its wake. you know i like the revolution when it happened i welcomed it that looked at the time like a light at the end of the time that 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 and five months on there is little satisfaction and dictator free egypt is far from the best place to be. free of the people. and.

the people now talking about well much better than that they. would be a better solution and this in fact as their very. people are indeed tired even those who back the changers. this young man is from the revolution is youth caliche and he tries to remain optimistic and he says sounds a lot like south conviction that if they keep 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 programs but we do need to wait for a little longer. recentre need to mistreat sions in the square shoot at this time he says he's been pushed to the limit and it's trade tests versus patience in the battle to save egypt from crumbling for the duration option or r.t. kyra. and life really get worse for the egyptian people because they fell prey to

a political game says f. mily mandela who'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 mobarak 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 position to become the leading political party in

the in the elections when they're held. that doesn't bode well at all for the just so i don't think young people have more democracy i think perhaps even less. and in neighboring israel more than a quarter of a million people took to the streets on saturday night to vent their anger at the high cost of living in an affordable housing prices the israeli prime minister binyamin netanyahu has responded to the new financial sponsible for examining the reduction of taxes and improving access to social services the move hasn't stopped calls for an egyptian style revolution though with one area tell of the evil the tally of corner and is fall asleep report for r t next protest is a concern that the still not getting your message across. tens of thousands on the streets of israel angry 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 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 younger 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 the 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 as 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 or so 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 others angry for nine days she's been camping to. make ends meet as a university student in. 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 in the streets has been cornered by some of the people and optimism perhaps that can bring down the government in the way the neighbors in top of his school. bus was the cameras they were nonstop they.

were of course if you're a regular viewer you'll know we've been keeping a very close eye on developments. on our website and also on the t.v. and i was talking about the website the other ways to follow what's going on you can follow our twitter feed you can get the. school also facebook. you can follow all top stories for you can also join in very important to me what you think the discussion about the program. i won't put mention too of a rapidly expanding on the extent on you tube five hundred million hits from you report programs are available exactly when you want to see describe to us that you can explore news from russia and around the world. are mission free cretaceous three. hundred free. arrangement free. three stooges free. food free

board. free video. right. police have surrounded tent camps set up in ukraine's capital by supporters of former prime minister yulia timoshenko was arrested on friday the protesters fear that office is now may storm the camps out of the court trials been taking place banned the gatherings outside. picks up the stories got the latest from kiev . ukraine's former prime minister yulia timoshenko still remains in detention in kenya following the decision by according to place on the arrest for that he would have 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 units and with many organizations in europe of 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 the pension center of 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 are asking people from all over the country to come to kiev and voice their their protest

against the decision to place the rest. also in news in brief tonight forty people been arrested and dozens most of them policemen have been injured after riots flared up in north london this weekend protest of the offices of the fatal shooting of a twenty nine year old man last week threw petrol bombs at the police and torched buildings a bus and police patrol cars more than three hundred were involved in what began as a march to demand justice for the killing. israel supreme court started hearing an appeal from the country's former president moshe katsav in march she was sentenced to seven years for raping an employee while he was a cabinet minister in one thousand nine hundred eighty 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 appeals the former president is denied any wrongdoing claiming this case is politically motivated. the

events of early august three years ago changed the map of the caucasus forever the five day war unleashed by georgia against its former republic of south of setia left the region devastated blocking any chance of reconciliation in the forseeable future that is within a question of a reports now from the remembrance ceremony for the victims of the conflict in the south a city in the capital. here in the central square of the capital city the morial services are under way this so many started as a loved one thirty pm that exactly the train when george opened fire over the says he throwing people out of their bad local so we talked to say that we never expected such a sudden attack and why not it's very difficult to answer this question because in any case who are always present poses suffering and pain. to become justified by any words the reasoning can bring back the lives of the innocent people and i think we should realize that such mistakes should not be repeated and we should put

maximum effort to avoid the suffering of children human life is very precious o'conner for being responsible when it comes to it we come kill people over territory. or any other regime we put our governments to use. the georgian aggression and the tough policy of sex really evoke my deepest resentment and i think we should all live in peace and try to find ways of communicating other. countries have common and to light candles and pray for those who died three years ago in the breeze conflict mania are listening to the rag the elements and they're looking at pictures there was taken if you ring the conflict and are being shown on why screens that are placed across the central square the atmosphere here is of course a very male wearing black and some women even have a picture of their dad relatives on their chests memorial services will continue in

different parts of the session on monday the war lasted full five days but hundreds were killed and many injured and the face of the city has changed three years was a new residential areas in new roads and hearts being open still locals say they are trying to restore their lives and memories of what happen here. still life in their hearts. first ruins from mt c.s.'s units houstonian gathered to commemorate a battle with the soviet red army this week it's the kind of meeting banned across most of europe was a glorification of that season but in a stone year it was a rival anti fascist rally that was prevented in the. first reports now on how pro nazi sentiment is feeding a new culture right wing movement. well here in the estonian town the cinema that in one thousand nine hundred forty four is a scene of fierce fighting between saviors soldiers and yes this. one here by the

monument to commemorate the saviors soldiers that died in that fight less than a mile away and this town's all save the scene of the gathering of veterans day in year and it's an event this game widespread criticism glorifying. the. association of former soldier. but it's something at the moment you don't think about later or think about the people. for. whom country and most of year at these kind of events a band. that in a stain year it's a different story altogether. it's common in the story of 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 what they had given allegiance to hitler to tell them

that they had never liberated estonia in fact in recent years see a stain you know thirty's that made it increasingly difficult to come to oppose the event this year once again members of the anti fascist movement we detained at the buddha pool days that by the police the car we were traveling in was stopped for questioning on the way in i was stopped and i was told. i have an entry to the country and of course any kind of other opinions from their own opinion which is very very much supporting the. revival of the far right across europe is caused growing concern right parties it gaining ground in countries like australia finland and france savage sluice are by far right extremists and this. brave way recently has driven home just how dangerous these views remain the 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 stone you're making glaringly clear the not all countries are on board critics of this event soggy 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 and politically insensitive surf. we've got a special poll few coming up very sure it's not only u.s. war in iraq and the role the bush administration played in it it's only in a couple of minutes in fact before but i'll be back with a recap of the week's top stories here on the weekly from ati moscow.

of the mood.

for the full story we've got it from. the biggest issues get the human voice face to face with the news makers.

this is the international for mosque we're watching our weekly a round of the top stories from the past seven days from us talking those headlines the u.s. credit rating is being downgraded for the first time since nineteen seventeen and that's despite the last minute debt ceiling deal that averted default. it all comes on top of wall street's worst performance in over two years and european debt troubles two suggesting a roller coaster rides likely to continue on just a few hours time. egypt's former president's on trial for mass killing in. a republic says the revolution is not over yet as the replacement regime is failing to meet. and just across the border in israel of reports of a million people have rallied against the government demanding better living conditions and say they're ready to do whatever it takes. special report on the u.s. invasion of iraq and the consequences for the country.