the grounding period. that george weston pushed coromandel you can a little closure civility to go. round this is the kernel was neutral as a retreat. of pressure tanks of poor europe hours of economic turmoil as the german and french leaders hope to show people the power is in a chronic over a possible credit rating cuts. all eyes are on the mosque a skies of the world from u.s. aviation achieve a taxi up alongside premier pilots with a stunning show that is max twenty of the. major oil spill off the coast of scotland the energy giant shell in the first government are accused of a slippery steps up to keeping quiet. and india's body bizarre a gruesome all good trade is proving that need is blindside surveys in the poverty

stricken people sacrifice their health to survive. a very warm welcome see this is our seed line from the french and german leaders a juicy meat in paris to have another go at stocking the using debt crisis from spreading all the worry is that it could be in spain maybe next in line to bail wall france is also going to keep its credit score from being downgraded these are no pressure reports from brussels with a magic pill that supposed to spread the euro across the european union is something called euro bonds that in effect could transfer northern european stability to the southern states it would create a single. bomb that people could blow and the suppose it would begin to call them investors. so there is

a united front and the strongest states. in solidarity with the we can southern periphery countries like greece portugal spain and italy now germany for all of these reasons doesn't want to discuss it particularly at the moment it doesn't want to lose its harder reputation as a reliable. signing up to this and it has actually said the euro bond will play no role in the talks today. there's a big surprise because growing numbers the thing that euro bonds is the only way to save the euro and how influential investors like george soros a portugal and greece should leave the euro and eurobonds or the only way out even germany is already being sucked into this crisis its growth the growth of its economy skidded to a halt just north point one percent in the second three months of this year which suggests that the euro cross is even bringing down europe because the economy let's

get some more insight from paris now a political science professor yellin joins me live many thanks for being with us here at our now back in july but this hour cause the chancellor merkel was working out a debt deal ahead of the euro summit but now they're doing it again are these two alone in deciding the fate of the seventeen year as a nation. unconditionally in france and germany considered. they were the leaders in europe but you must also take into account considerations in france for the presidential election basically that german chancellor has already said she was not willing to talk about you're a bunch so the meeting in large part p.r. for the presidential elections in france if you don't discuss you're a sore solidarity within europe it's not a crucial meeting. it's just you know. what all or somebody. right bud if you don't tackle the issue that stiglitz story

and sorrows mentioned solidarity within europe the meeting itself is a bit one puts and merkel said only expect too much from it which means basically will to say and i think this is they are there. a large part of it is p.r. initiated by the french president right a while there you spake there and they about what's happening in france picking at germany now they we had some worrying news there when the economy almost stalled in the second quarter of this year if not a sign that the year resigns or driving forces now seriously under economic threats well i think great now are german authorities but not all german economists resisting what is obvious there needs to be solidarity within the same. monetary union if you don't have a kind of compensating mechanism it cannot work and german history spiritedly pens

of course only to their efficient economic machine but also on the health of its customers and its customers are mostly in europe it's all the customers of german products in europe collapse then germany itself collapse so the idea that you know having euro bonds showing such solidarity would be bad for germany is totally wrong this is what you know people like stiglitz are saying need sound so obvious germany which is very efficient and is now the only real economic and political leader in europe has to become aware that it's christo to in large fire also depends upon the prosperity of others and therefore not helping others the way germany itself was helped by the marshall plan and by the us after the second world war in the end we've had for germany that for the e.u. and stimulus even went so far as to suggest that germany itself should leave the euro. what is this from is not saying that euro bonds would be bad for journo

no no not bad it would be a good idea though would be a good idea so you think there it might go for that because germany has repeatedly been forced across previously announcer red lines to save the money in and now it is under heavy pressure on the assyrian of the zero one so do you think that in well ahead of this well there's a possibility because ray are merkel has a domestic problem to some of her supporters only among conservatives and the so-called liberals don't want her to accept euro bonds but some german bankers are economists are suggesting that germany in germany should accept euro bonds because it's good for germany itself so there's a political problem because that is perception we held the greeks we have the portuguese and we pay for them little easy they don't do anything with pay for them but if you look at the economic situation it's far more complex and yes germany has

shifted in the us and it's not impossible but under the pressure of tax germany would have to change again because i don't think the you know once the euro collapsed and if it doesn't want the euro to collapse then there must be some form of compensation there is something which is incredible you know in the us there's only one currency for all the states whatever the economic results of the states and these results vary from state to state in europe there's one common currency but different budget policies and so on there is something which is chaotic and has existed and on that. door source for example predicting that the sharing of eurozone bonds could damage the financial discipline if you like within the club as whatever woad actually feel the motivation to deal with the debt themselves well actually and they correct what you just said you know yesterday it is in june dish you go and i went back. darcus so you and i actually george soros is thought you

were bought and he says if greece and portugal look you're the eurozone you can go on be there in cordon bleu. in italy cannot but. like so many other basically soros is a capitalist is in favor of europe and he feels their journey should you believe what it's doing it's breaking a large rewards. some sort of financial sort of. reasons but germany is the main player and if something really significant just did happen surely it would have to move i think my parents look around. there many thanks for your thoughts. now later this hour a look at how the debt is fueling a new gold rush across the atlantic and there's no end in sight for the troubles with the u.s. dollar some say it's time to stop the printing press and return the precious metal

. germany's dax is down two point three percent dragging with other financial markets as investors sell stocks on worries about the health of europe's largest economy in germany as g.d.p. figures came in lower than expected more on that in fifteen minutes time on business r.t. . now the aviation world high fliers have arrived at an international airfield in the moscow region as this is international air show takes off next twenty seven promises cutting edge technology for both civilian travelers and air forces will talk gun pilots will put through their paces with some spectacular aerobatics test our theory is out there on the square field or for r.t. so good to see you out there enjoying the glorious weather you're having that what's anticipated for this year's max. well this is the tenth a map shows getting busier actually of right now of course we're expecting

a lot of new technology innovations new models to be displayed here we have the latest commercial planes in the market right now i don't know if you can see behind me but it's a boeing dreamliner as well as the airbus a three eighty as well as so boya super chess all those people being been visiting those big planes trying to see what it looks like inside also on the defense side of a very big build up towards the unveiling of the u.s. one thousand and fifteen this is a fifth generation of military fighter and a fifth generation we're talking about more efficient faster and also better stealth capabilities and the only one of its kind of the market right now is the f. twenty two raptor which we lost the u.s. air force so the t fifty is going to be the market as of the other option as as you will a competitor to the f. twenty two and this is an important ground because this is where they will make their first public appearance i mean has had its maiden flight in january of two

thousand and ten but now it's going to be shown to the public to see what its capabilities are so who are the manufacturers expecting about one thousand jets to be produced over forty here period now this is also important for russia because it's the first russian made military aircraft made this is in the last twenty years and last two decades this is really the first so a lot of anticipation and build up towards that again so we're really eager to see what can it can do up in the sky and speaking of what can be done in the sky i mean we have we're waiting for the aerobatics team certainly what we're looking forward to are those death defying stunts we have the italian air force the french air force as well as the americans and of course the russians a couple of very well known teams here the russian knights and the swift and based on what we've seen that they've done in the past so we can be sure to see something very impressive will my colleague. went along with them tag along to see what it's like in their practice session let's hope. airfield

stands for two of the most famous aerobatic teams in the world even address there is no margin for error. chances for the russians knights and the swiss to practice their new program ahead of them my performance. the trademark nine plane of two very different aircraft delight them exhibit formation with. their own from below the jets in perfect sync but as the pilots touch down tempers run high. everybody cares we're all in the mood to work we all want to put on a great show. these qualities don't think of themselves and trainers they're serving officers the flying elite hand-picked from the entire russian air force technology develops. a new was being abandoned in favor long range missiles and

advanced trade. these demonstrations of piloting prowess just becoming a side show. i don't think so at all the real war electronics can often be jammed so we go back to who sees whom and how they can respond to the situation our skills will never become obsolete enough to go again practicing for hours perfecting the skills only a handful in the world capable of old fashioned dog fights might not be as big a part of combat as they once were but here they're keeping alive. have see. if you. also changed to r.t. as will be out there max twenty eleven asho throughout the week will have first class flight action as well as keeping you in touch with the movers and shakers in the aviation hope that.

i approach. the future flights. largely. to the max. the energy giant shell says the oil spill in the north sea has been drastically reduced but ecologists when it could take twenty years to clean up its after the anglo dutch company was forced to admit that more than two hundred tonnes of crude oil leaked into the north sea it's said to be the worst spill in prettiest waters in more than a decade and began last wednesday but it was only acknowledged by shell two days in a row. adam ramsay from the u.k. based people and planet student organization think shell and the government to help

yes it will industry coverups yes. i think the people who used to dealing with shell wouldn't be surprised at all about the lack of communication it's worth remembering that it was only a few days ago that they admitted after years of lawyers in cover up their role in the enormous spills across nigeria so i think we certainly don't know for sure how bad it is but we do know this is a serious spill we know for certain it is the worst spill in this country in order to do i've seen very little coverage of this at all and i'm saddened to say that i'm not at all surprised little coverage has been of this although as i said it's the biggest in ten years but it's important to remember that u.k. government under scottish government imposed got long histories of being hand in hand and in the pockets of the oil industry in this country and so if your government to the only other potential monitors of this you have to keep it quiet in the shell peculiarly not talking about it it's not surprising that the media been covering it again and again not surprising that very sad as you say

a major incident really not reported in the u.k. press. of the british oil industry's track record is still inertial he states even though this oil spill is far less than the catastrophe in the gulf of mexico which happened back in april twenty ten eleven people were killed in that disaster and almost five million barrels of oil spewed into the ocean after the house procedure and coverage of that devastation is online or r.t. dot com. in india not everyone's benefiting from the boom with some people tragically selling their own body parts to survive and the illegal three destroyed because donors are hard to come by it's pretty sure it has been discovering. cala a room again is alone in her tiny empty apartment in china like many indians who struggle to make ends meet kala is constantly in debt despite selling pretty much everything she has including her own kidney i'm not. going to group her he told

me that i could sell my kidney i agreed because i was in a bad situation and my children were small we did not even have any food to eat when the two thousand and four tsunami hit the coast of south asia kala was one of hundreds of thousands of people who lost everything in order to get back on her feet she got along that she was leader unable to repay. we had a lot of debt i had to borrow money to buy the fishing boat the people i borrowed money from started asking me for money they said they will come home and embarrass us if we didn't pay the money just for it and vulnerable tsunami survivors soon became the perfect targets for the illegal organ trade in india it's become known as the bread market every year one hundred thousand indians need organ replacements a demand that drives an illegal supply with some organs even being sold to a small percentage of just spirit transplant tourists and ninety ninety four the

indian government has a law meant to regulate organ donation in this country each recipient was supposed to get an organ from a donor who was in some way known said even though each transplant was supposed to be approved by a committee of doctors it's almost impossible for anyone to stop money transactions from happening under the table in general when a recipient finds out that he or she needs organ to they normally approach friends or family for a match when those options are exhausted rogue doctors or hospital staff can introduce the recipient to a broker usually a former illegal donor too who can scout nearby poor neighborhoods for someone who is willing to see. well there kidney can go under the knife but there are measures in force law like your news from alternate routes of this got it sort of there's a lot. though doctors also go on a blind eye to this happening to transplants from the joiner to the recipient take

place in the hospital simultaneously to donor ends up making a little over a thousand dollars while the brokers can profit almost double that. but i went to the group crew he said he will give me fifty thousand rupees for my kidney it was supposed to be much more but the broker cheated us to donors also frequently are robbed of their health well before i used to run around and work a lot but now i can do as much work as they used to i find it difficult even to leave the court or whatever i can go to work i have severe pain in my abdomen and my chest. and while horror stories of the right market are exchanged among locals those with no options left are forced to take extreme measures sacrificing their health just to stay alive preassure either archie chennai india. and more from a prison size into india on our website by lining up more news and analysis at r.t. dot com to his what's the very best firsthand account from

a few survivors of the massacre on norway's of toil either of those two teenagers from russia how they tried to stop under that it's run page also. the soviets and military secrets of a chinese dragon why ukraine is seeking to sell china planes tanks and their defense systems more on that and all the other stories we're covering i've asked you to call. now with america's debt strain and its distressed on a more and more impasse is the turning to the shiny stuff gold prices right now industry and lescott carter told r.t. that the pressure precious metal will continue while the u.s. struggles to get its house in order for objective was to make the dollar stable for

the world we did not achieve that and as a result what you're seeing because of the boom bust cycle inflation devaluing the currency you're seeing a move back to the gold standard even though that's not official you see gold increasing in value you see individuals sovereign nations and central banks purchasing gold as a way to hedge against the dollar with the dollar as the world's reserve currency there has to be some sort of consistency to its value day to day it can't be worth less tomorrow than it is today otherwise the means of which we measure goods and services is subject to the whims of the federal reserve of the u.s. and i think the world is is skeptical of that so whether we have a gold standard or not if governments don't figure out how to spend or live within their means you're going to continue to see gold take the lion's share of the increase or the appreciation and you're going to see the our currency is like the dollar decline in value. well america's worries have already angered the largest

holder of its debt china now vice president joe biden heading to beijing on a reassurance mission on wednesday perfect then are you an investment advisor in hong kong says washington's troubles are too big for asian partners and start worrying can i was extremely skeptical they must be very worried if i was the biggest holder of u.s. treasuries i'd be worried too because the u.s. is in a terrible situation and the budget deficit is out of control it's almost eight percent of g.d.p. the federal debt is now about ninety six percent of g.d.p. the politicians in washington don't have any will to get the house in order all they know is to prolong the problem to push the can down the road and as long as that is the case we are going to see severe pressure on the u.s. dollar the economy is in asia generally speaking are a lot healthier they are in the us or in europe and when mr bernanke in prince

money. says the value of the u.s. dollar devalues the dollar and makes commodity prices go up and that causes inflationary headaches in. my case the more international news this hour now and our friends at palace. have been forced to flee a un camp in the syrian port of attack here shelling by government troops the latest military assault aimed at reducing our protesters has claimed around thirty five since saturday nights of its report random gunfire raids and house to house arrest of violence twin city itself the gumboots it's help to crush the five month of the uprising against president. an australian man arrested in the u.s. attack on a sydney teenager in which a fake bomb was attacked and there. broke into the girl's family home and change the device for ten hours before a bomb how was she wasn't hurt and the devices. later found to contain no traces we

still think it was an extortion attempt even though initial reports for grants of land proved wrong. israeli airstrikes on gaza on tuesday morning have reportedly killed one and injured several people including a five year old boy his radio after all struck four different locations allegedly targeting hamas training bases officials claim militants were about to launch a mortar shell from one of the tel of eve also says the shelling was a response to rockets fired from gaza at beer sheva monday. says business is of the way now to be true. hello and welcome to the business a place on art scene as our channel reported earlier moscow's its national air show has a kicked off the organizers expect more than ten billion dollars worth of contracts to be signed over the next few days the first deals are already there russian

airline trans there are signed up to buy eight air bus jets with a catalog price of over seven hundred million dollars christopher buckley vice president of air bus outlines his hopes for the russian market. we're very optimistic and enthusiastic about the russian market we still see growth continuing a little bit over five percent to five point three percent per year which is higher than the world average so for us. to sell and. many more aircraft in the coming years. let's see if we can get probably like to be in. between forty and fifty percent of that overall market and even this year in two thousand and eleven we have new operators were very proud express. and sold a three twenty used to trans aero if we can continue with the current rate and say our sales here by five to ten percent a year. all right let's take

a look at the markets and european markets are coming under pressure this is as economic growth in the seventeen countries that use the euro sagged to a lackluster quarterly rate of just point two percent in the sake of water as germany's expansion slowed sharply to just point one percent the dax is down two point three percent this hour for. here in russia pretty much the same sentiment with the r.t.s. down a half one and a half percent my stakes almost two percent let's take a look at the snapshot of the market moves on the my sex gazprom along with other energy stocks is down one point eight percent this hour as well. this is all declining a look at them in just a second now gazprom has also reported an eighty six percent growth in the net profit for the first half was telling is bucking the trend it's up one point two percent after growing more than ten percent in the previous session one of the most volatile stocks last week and saw double digit. and as burbank is down one point

eight percent along with other financial stories. crude prices are down after seeing some overnight gains in the u.s. light sweet as a climbing more than one dollar on worries all over the states of the economic recovery global economic recovery as these. figures for g.d.p. growth come in. and precious metals are next calder's up or selling is back on the stock markets up one percent silver is down one percent this hour now in corporate news gazprom a significant part up its export forecast for the year that as the russian gas giant recorded a twenty one percent increase in exports volumes to non-serious countries in the second quarter italy and circle showed the biggest growth of demand returning to pre-crisis levels the one dark spot was germany castro's biggest customer in europe where consumption continues to decline. the russian share holders and taking their british counterparts back to the stock all moderation tribunal way are once

a final ruling on whether b.p. broke the shareholder agreements by trying to organize the arctic exploration and share swap deal with ross naps corporate lawyer and the girls blood is confident has a good case. and as long as they're all sniffing approaches b.p. b.p. should have told us never you should have approached close to. the federal sniff approaches me p. it's opened. the door for ten k. b.b.b. part of the deal was so they're going to approve the decor of the looks. headlines are next on our team without us to stay with us.

more news today violence is once again flared up. these are the images the world has been seeing from the streets of kenya that. giant corporations rule the day.