the country's debt crisis the forty five billion euro package welcomed by the e.u. includes among other things new tax hikes and raising the retirement age for women a number of violent scuffles though between demonstrators and police were reported underlining the social tensions in a country struggling to avert financial collapse as finance and finance expert fabio damascene tells r.t. italy's troubles aren't going unnoticed elsewhere in the euro zone i think there is no solution you have for us of all to decouple from the financial markets and secondly you have to tax rich people if you want to bring the whole sum a lot of going on like this won't work there from the putting it will use not greece you know greece through prisms of g.d.p. but it will be the biggest economy in the euro zone it would certainly be a huge blow the current crisis of the euro zone is an offspring of the economic crisis which has been called by the financial markets by the banks and currently what the government is trying to do is they try to limit the majority of the people

paid the bill of the crisis and this is not working you can drum an economy against a majority of the population and we solve the consequences in greece and so i believe even germany and france will have a few problems in the near future. protests have also swept across spain ahead of a crucial vote by a senate on amending the country's constitution to limit national debt as follows the parliament bowing to e.u. pressure and adopting the initiative last week but unions and rights groups say the debt cap could decimate the country's welfare system and hurt the most vulnerable writer and journalist miguel and so morato believes it's the market that should be made responsible for spain's current predicament and not its people the markets are not rational and they are driven usually by fear sometimes by greed and they just think they feel that the spain could be like greece or like ireland or like portugal because the fertile country within the euro so so they tend to lump

together countries that are very different but they resemble each other because they are part of that very free and i think that's the that's the real recently sets the psychological perception and then again it's true that that's grossing spain konami growth not very good so that in the long will be a problem for that we don't have that problem now but we may have it in the future that is true with financial turmoil raging across europe poles are going for the worst hit economies to abandon the euro and return to their old national currencies but german economic analysts michelmore osce tells r t that the only solution to the crisis is if the strong economies leave the euro zone. there is another solution that the weak countries exit the strong country has to exit if germany for it for example pulls out of the euro the whole problem would be solved means that we will have then a stronger currency germany can live with it the others then will have

a devaluated council this is exactly what they need it means also that the debts that they have will be devaluated this is that what they mean and this is what they mean and so this situation is why some of us are not the weak ones have to pull out but the germans have to put out. one country that hasn't been struck yet by the crisis switzerland has stunned the currency markets its central bank has devalued the swiss franc by pegging it to the embattled euro an effort to stop deflation protect exports and promote tourism us economist paul craig roberts tells r.t. that by doing this switzerland has deprived the world of the last safe haven currency. which the swiss try and eliminate it as a safe haven because the government's not going to at least go the only safe haven where the two reserve currencies themselves are in question here of the two main reserve charts in the euro both earlier in the situation where the world is losing

. and so nobody has come in and the reserve churns what happens to then a monetary system. if people state people keep looking for safe haven goals that we have to continue to run. and green is has only itself to blame for its economic troubles according to roll involved political economist and university of mannheim in germany full interview coming your way in the next hour about here's a preview. lisa is through the last of all because the previous greek government has been very spendthrift has accumulated very large deficits even before the financial crisis greece has to be a. member state of the eurozone the chance most frequently violated its stability and growth pact so they really console you that they are the victims of

the financial crisis. that text very poor beasts of germans very upset about greece much more about who's on the board portugal and. europe's economic woes also being felt in the u.k. driving some of its parts to crave for more control over their finances there's a strong sense of national identity in wales which is help fuel calls for it to achieve independence following similar calls further north in scotland as are his lawyer and it reports the debate continues to rage over whether welsh ambitions are driven by economic sense or emotion cry so we come very welcome to wales part of the u.k. and a proud nation with its own language and customs and the latest voice to call for independence applied comrie which means the party of wales has always had the country could be better off without the u.k.

and it seems increasing numbers is starting to see that point of view i would economy has been run from london with the interest and priorities of the south east of england to the full and independent wheels of course would be able to chart a different course based on our needs and priorities wales is a long way from declaring independence. it's no longer just a pipe dream and people here voted overwhelmingly earlier this year in favor of handing the welsh assembly full law making powers that was considered a turning point in welsh nationhood and plights comrie the party of wales have undoubtedly taken heart from the surprise victory of the scottish national party that victory in may gave the s.n.p. an outright majority in the scottish parliament which has many powers devolved from westminster the party's promise to hold a scotland wide referendum on whether to declare independence according to plod comrie that marks the turning of the tide for a unified u.k.

people who i believe are beginning to to use the word independence in in a welsh context which they say they wouldn't have done if you use our last debate develops i think the people in where's it going to see that they're to scotland becomes independent the next logical step is for we're just becoming dependent to of course separatism is nothing new to the british isles and the thousands of victims of the troubles in northern ireland are testament to how high feelings can run both in the present day and for centuries past while national sentiment may not be a new phenomenon the reasons for it have changed over the years and in these current turbulent economic times money talks scotland has oil and gas but while wales was a proud coal producing nation its mines are now closed and it's got some of the highest unemployment levels in the u.k. because of that the older generation is reserved when it comes to independence but

young people are filled with national fervor for them independence is less about money and more about nationhood and identity wales needs to be independent because it is a great country and we do we do and i like joining because we really patriotic i think we. more patriotic than english that means we have a lot of people that we shouldn't forget just seem to be that say here at the moment that you can get free prescriptions. education seems to be a bit much to. me says it's going to build on that support providing not just emotional reasons why whales should be independent but concrete economic reasons too and it says wales does have resources particularly land and sea food green energy if the scots vote for independence wales might not be far behind. ten minutes after the hour here on our t.v.

stay with us plenty headed your way. this is an attempt to psychologically brainwash the serbian people that they deserve what they get and what they get is going to be very bad bosnian serb army general surgeons to twenty seven years behind bars props to question the hague tribunal but. david petraeus former military commander in iraq and afghanistan now serving as america's top spy or as one expert puts it a perfect figure to make up for the values of u.s. intelligence is coming your way later this hour. first though the security chief of the ousted libyan leader colonel moammar gadhafi has fled the country and is now our neighboring new share according to officials gadhafi wasn't said to be part of the convoy that crossed the border on tuesday and burkina faso denied claims that it was ready to provide asylum this comes as rebels now control most of the country but as are his daniel bushell reports all signs suggest it's not over for the violence in libya as the real chaos may be yet to come. to the home of his song is

one of africa's most experienced diplomats just broke from the libyan capital he says needs who has turned it into a ghost town there is no police. there is no administration there is no there is no schools law and order has been replaced by a more crew of rebels some fear that the various groups who've emerged might soon stop fighting each other what's your weapon stores have been raided every man's armed with kalashnikovs if the tribes fight for their independence the country will enter a never ending civil war with brutal urban guerrilla warfare and lists argue that even rebel leaders don't know where their fighters of from. rebel heads mom would journey or was alarmed to find islamist sleeper cells had joined history fanciful a vast parallel structure of competence has appeared we have no idea who is in charge of them. as hopes of a reliable replacement for more of my gadhafi appeared to be fading libya's rebels

remain deeply divided while the chaos from nato bombing appears to be spreading beyond the country's borders in the turmoil there are fears that religious extremists could be using libya as a base to further their aims in north africa if i'm to new zealand or a good while of a delusion women got abortion rights twenty years before women in belgium under the last regime divorced women good benefits revived arab religious movements are trying to reverse that. before the war leaders from barack obama to nicolas sarkozy and silvio berlusconi a shock and even a kiss. the rebels got the great corporate treatment in paris but the west will also change tack war next but if libya doesn't go for them as planned with some saying the enemy in the so-called war on terror is no one winning side. the president. when it finds its arm in al qaeda need to go turn on the rebels.

according to this man who's just returned from war torn tripoli the message from some locals there is that the conflict may have created a frankenstein's monster. the for europe they warned us that we don't know what we are creating in libya it will be a free haven of all extremist groups which are just on the southern border of europe pull routes from food somalia made big coastal. fruits and diplomats know think libya is heading in the direction but what do you have that it is been detained in will not be safe there will be part it and there will be will bloat to call into the limited to fit in to make it safe i do think flinch economy can support that with the new intervention in libya has loads numbers of new fools the fool experts fear the sylph may come to regret they remove. the new bush will see brussels r. g.'s website continues following the fate of almost twenty ukrainian citizens who

remain in custody in libya as the rebels suspect them of being pro the snipers earlier the russian embassy was able to negotiate the release of two russians any ukrainian couple they say the group are oil engineers and cooks who have nothing to do with the military check out r.t. dot com for the full story. activists in syria say government forces have used armored vehicles in the besieged city of homs is the u.n. is calling for more pressure to be put on president assad but professor edmund ghareeb an expert in international relations says the sanctions won't necessarily bring down the regime but they will make ordinary people suffer. in any case what happened whatever happens the sanctions are clearly a blunt instrument that does not discriminate between the regime and the people and what may end up happening is that the people who probably are going to pay a price and the regime especially if we take

a look at what happened in iraq or what happened with cuba. experiment is a very good example of this where some of the harshest sanctions ever imposed on any country in history were imposed on iraq and despite that. did not succeed in bringing the regime down and they have affected the. iraqi public which was hurt severely as a result of the sanctions so this is. i think is going to raise a lot of questions especially some of them political economic and some of course are more. the news already imposed sanctions on oil imports from syria on our website we're asking you what is the true aim of this so far fourteen percent think that president assad is the target seven percent say the real aim is to woo liberal voters in the e.u. countries almost a third argue the e.u. wants to please the u.s. and around of all who have taken part say the sanctions hit ordinary syrians to

provoke more protests. and have your say. so to a russian city of jaroslav all turning into a global think tank this week with a third global policy forum inviting some of the best minds to come up with solutions to some of the world's most pressing problems this year it's multiculturalism among the main talking points a concept that's recently received severe blows in europe global security traditionally on the table with debate on syria and libya and the question of of to keep the region safe after nato withdraws from afghanistan or he's a nice in a way isn't jaroslav and she joins us live with more aloni so so so major security issues being hashed out in the forum but is there any consensus or there are some divisions to. well there's going to be some intense debate here at this first day of the global policy forum where like you said security is going to top part of the agenda a lot of working sessions on that today and of course what is going to be debated

most likely it's fair to say is the situation in libya and in syria and the arab spring in general those uprisings how to deal with the aftermath of that and the debate on those issues first off in syria is about sanctions the west thinks that sanctions need to be intensified russia sees very differently on that issue they don't think that's the loosen that mostly the syrian people will just suffer if sanctions are imposed and when it comes to libya what the debate expected to be there partly is what we heard a little bit earlier in the program from our correspondent daniel bushnell about the situation after gadhafi are we going to see. find all the fighting between rebels are they going to split and start fighting each other and also there's not much consensus on how nato dealt with the situation in terms of upholding the un resolution it began of course as a humanitarian resolution a lot of critics say that it became much more than a humanitarian humanitarian mission like we're seeing now obviously so that's two

of the main issues what also is going to be brought up is the role of the sea as cio which is the collective security treaty organization it's an alliance of security alliance and in this part of the world where russia armenia and some other former soviet states including tajikistan and uzbekistan who are close of course to afghanistan are involved and there's ideas to reform and why did it make that organization bigger it's not going to be discussed here today and the focus there is going to be in fact of course afghanistan and how to deal with security in the region after u.s. and nato forces withdraw as planned in twenty fourteen. the other big topic on the table is the problem of multiethnic society. absolutely it's a big issue especially what we're seeing recently in europe throughout the spring and summer a lot of unrest on the streets of not only the british capital but other european

cities you have the euro crisis which is also playing into that and it's most outspoken critics of the multicultural the failure there of the system is that it's just not working that something else needs to be done that immigration laws need to be tightened while. people who supported are very clear about the idea that europe is a place where people should be able to cause we have this war going on in libya people trying to get in from tunisia and egypt and so that's going to be a debate here as well and the main theme of this third annual global policy forum is in fact the modern state and social diversity and of course in that in that realm that means multiculturalism so that's one of the big topics here a lot of debate like i said on all of the issues and really dearest wobble at least russia hopes is going to become a very big part of the political world it's going to become somewhat of a political davos here and you're a squabble and each year more and more experts are coming to this small town not

very far from moscow to like you said discuss some of the world's most pressing issues and you'll be there throughout the day to cover it for a new so no way live in jaroslav. or she will be bringing you the full picture of what's going on a euro solve a lot of the global policy forum throughout the day and a niece who will be giving us updates each hour so stay with us for that. the defense team for former yugoslav army army general mom shiloh parris it says they'll appeal the verdict of the hague tribunal this after the military leader was said to twenty seven years in prison for war crimes paris it was convicted of abetting atrocities during the balkans war in the ninety's including the massacre of about eight thousand muslims in srebrenica he is one of several ethnic serbs military officials on trial at the hague but balkans political expert marco gossage believes the west wants serbians to feel guilty for the whole yugoslav war well we know how those trials are going to go because the script for those trials have been written in advance but i think we need to look actually take

a look at the real picture here of what pettish was accused of doing because he was accused in effect of crossing. illegally declared borders borders that had been declared by the theists by the diktats of western governments particularly germany running the e.c. at the time and subsequently by the us of a these these governments declared that yugoslavia on board of no longer exist and would be replaced by borders smaller of the secessionists so this was at the expense of yugoslavia's largest people and i think there is an effort on the part of western governments to persuade the serbian public that in some way they are guilty absolutely for everything that they feel they deserve to be treated worse than the rest of the world that they should be punished that they should be imprisoned that their territory should be carved away from them this is an attempt to psychologically brainwash the serbian people that they deserve what they get and what they get is going to be very bad sadly i don't see too much opposition to this policy on the part of the serbian government which

really has a responsibility which it has not exercised to say that the description of the wall has been one sided biased and incorrect in about ten minutes another controversial figure of the bosnian serb military on trial in the hague is explored in our exile report. worldwide manhunt for him lasted for fifteen years. one minute war wasn't on the streets count. murder for the west. in. general and the serving. on our team. david petraeus the u.s. former military commander in iraq and afghanistan has now become america's top spy

he's taken over as director of the cia replacing leon panetta who was moved on to become defense secretary when former u.s. air force lieutenant colonel karen quiet koski believes petraeus will serve as washington's p.r. man to hide the community intelligence and the intelligence community's shortcomings. this is a smooth operator who has a great reputation in the media here in the united states so he's popular he's seen as on in. the congress like something and i think in many ways he is a. great agree cover for what the cia is continuing to do and what it will continue to do he has a way of making really bad things look good by his. experience in iraq and afghanistan he has made it look successful even when it's not been successful at all i mean he doesn't stand up to washington he just takes what they give him and kind of wraps it in new wrapping and it sells he's almost like an

advertising dream so the cia has a terribly bad reputation and has done terribly bad things and katie needs to increasingly become involved in military operations military style operations that is you know not constitutional it's not part of what the cia should be doing i expect the trace at the cia will be able to spin that. for media consumption as a good cia he will make it look good even though i don't think fundamentally will change anything he'll probably continue it exactly as it has been going i think the d.c. establishment will love what he does at the cia and you know we won't hear much you won't hear negative things like we really should i mean i think he is the perfect imperial cia director. is next with dmitri stay with us here on alt. morning and welcome to the business update on r.t.

moscow's largest construction company in tech around changed hands mid-cap landa been bank boards ninety five percent of the company from you in about today another wife of the former mayor of moscow burbank took the remaining five percent of the company's been valued at one point two billion dollars but given its debts the value of the deal could be about two hundred million but when it became the richest woman in russia with a three billion dollar fortune during her husband's stewardship of moscow. was fired last year by president medvedev over a lack of trust he often claimed his wife's business success had nothing to do with his running russia's biggest city. to look at the markets now will is up with nymex and brant both up around forty one cents per barrel forty one actually to be exact that's ahead of an energy department report which is expected to show a decline in stockpiles as tropical storm leaves threatening production the gulf of mexico and also hope that obama's speech will provide

a new cast of this we can only grow for supporting the. asian markets are rallying with the nikkei up more than two percent following a couple of negative sessions despite a drop in the us markets overnight drop in the end is helping japanese exporters was messed up more than three percent sony's up around three percent also. here in moscow trading will begin in half an hour the russian markets managed somewhat of a correction very minor though the r.t.s. up point one percent of my six half percent on tuesday. russian equities are continuing to feel the pressure from weak u.s. and e.u. data bloody good can of the committee believes the weary sentiment toward main during wednesday's trading. like you see today is continued volatility markets fundamentally the markets across russia quite sweet on the back of the external events with europe and united states however having said that we could see

a technical bounce and perhaps towards the end of this week today is a very important day with the german constitutional court ruling on the fact whether or not it's constitutional for germany to inject funding into the euro zone also to morrow we'll see a very important understand by obama on the current situation of the jobs in the united states and we could expect some positive surprises obama would announce a fiscal stimulus package which no one is currently pricing in the market the consensus is priced in only the monetary stimulus at this point a major overtone to goods retailer could be formed in russia that's according to the paper. is planning to merge it stores with rival m. video according to the newspaper this would create the country's largest seller of circular argument now the right is currently owned by the czech group who want to controlling interest in the merged company a new firm will account for most harmful russia's other products goods markets the

deal could be referred to the federal police service as a breach of the first of five percent share for market domination. and we will be back in around fifty minutes time with an update. he used to.

say. in the united kingdom she's available in the house bill and the forty one hotel the old waverly hotel they can sell such as the mill stone hotel some old country house today is the full moon tells the rim brant the crew made the choice to feel the moto the oil spill on the rubens hotel. nine thirty am in the russian capital easier r.t.

headlights anger at austerity plans spills onto the streets of italy and spain with their governments preparing to tighten belts even further to calm the markets and save the faltering euro meanwhile splitsville and you mark. it's by pegging it's for that used to be a monetary safe haven to the euro currency. a number of khadafi loyalists including his security chief flee libya for a neighboring me share with the whereabouts of the colonel himself still unknown this is concerns grow over what kind of regime could replace him. in the sun for russian city of jaroslava turns into a global think tank as the world policy forum gets started there multiculturalism and global security among the most pressing issues expected to be discussed at the meeting. up next we look at the controversial figure of rock comb a lot of former bosnian serb military leader on trial at the hague.