to tighten their belts as well opposition parties welcomed the ruling but said merkel had made the crisis worse delays and a lack of vision that advisor patrick young believes there's little to celebrate just yet. ultimately this is actually i think what we would call a pyrrhic victory it's an empty victory for mrs merkel yes the be allowed can go ahead but like all good court judgments read the small print and what has happened today is that in fact the german court which has clearly been very very much split on the issue has come out with an announcement we're still scarring through the small print but what we read so far suggests to us that they're going to request that the german parliament and most importantly of all the german budget committee has a grid deal more say on what goes on in the whole issue on a larger basis what we're looking at today is the fact that yes bailouts can go ahead but at the same time it's still a very very quietly picture of quickly we know that the german people are deeply

unhappy about what's going on and they don't see there being any benefit in suddenly giving a credit card another bottle of vodka to a drying drunken man in a department store and that's what we've got here it's going to still be a terrible result once the market has had a bit of a relief rally which is going on as we speak what's happening is greece is essential to being so all hide vying to end slavery by the way that the euro debt mechanism is working a farce for greece it's a farce for the greece people and it's a total complete and utter disaster for the euro but greece should be allowed to go free and it must make its own decisions its own sovereign decisions that have greece doesn't leave the cancer is spreading and as we know it reached it italy last month periods already were rooting around the place in spain and it hit portugal it hit ireland so far does the disease google for it finally kills the patient i think the question is it's not a question of how much work is there to get greece side of the euro actually are

much chances are that the euro is going to survive with greece still in it and the answer is really numb. further south there is clear frustration among the spanish with thousands rallying in protest at their government's fresh a sturdy measures italy's forty five billion euro package welcomed by the e.u. includes new tax hikes and raising the retirement age for women in spain or the demonstrations came ahead of a crucial senate vote on amending the constitution to limit national debt the union said rights groups say the death cap would decimate the welfare system and hurt the most vulnerable. now a new front in the global currency war has opened up after switzerland surprise international markets by devaluing its currency by almost ten percent in just fifteen minutes the swiss franc has been rising steadily for over a year as panicked investors look for a safe place to weather the storms in the troubled u.s. and european economies all this rise calls the price of everyday items such as food

and clothing to shoot up making it cheaper for a swiss citizen to drive to germany for their shopping or the country's central bank says that by packing the swiss franc to the turbulent euro it will protect the inflation but german economic analyst michael ross believes it's no more than a capitulation to brussels. last ten percent of its savings the swiss franc devaluated ten percent that means that everything will be ten percent more expensive in the future what we saw in switzerland is nothing than a coup a coup of concern to bring of switzerland and a coup means that people and politicians are not being asked if they want it or not if you ask a civilian if he wants to join the euro then he would clearly vote for no but. even more what we saw in switzerland with the central bank was a total unconditional. to brussels and to the euro zone and in the

end of the day the euro will be also introduced in switzerland this is my view so all you can really speak about a coup which happened. much more still to come this hour including getting brace for a brain storm. join me and use the now i have a third annual global policy forum. leaders experts and analysts discuss the world's most pressing issues. and with colonel gadhafi now surrounded by the rebels later r.t. looks at how libya might become a breeding ground for extremists and face an even bigger civil war. now way a powerful explosion struck the indian capital new delhi leaving a ten people dead and at least sixty five injured a pakistani terrorist group has reportedly said it carried out the blasts well archy's joins us live now from the capital there priya out well what's been

confirmed with regard to the details of the blast. so so far the home minister is actually saying that the and i am the national investigation agency has received an e-mail from hoochie or the hard all jihad is swami which is a group that's actually outlawed here in india they have bases in bangladesh and in pockets apparently in the e-mail to the and i the group it said that they want to repeal the conviction of a man who is actually on death row right now who was allegedly responsible for bombings in the indian parliament back in two thousand and one and obviously this is all very interesting timing of the indian prime minister manmohan singh happens to be in bangladesh today and obviously condemned the attack saying that the indian people have to stand united against these sort of terror attacks and obviously this is all happening a very close to the anniversary of nine eleven here to shed

a little bit more light on what's going on here in india is saying from the institute for conflict management so i just tell me a little bit more about this group a lot of people are saying that they actually have links to al qaeda what can you tell me you know who. is the. chief or the some day mosul that. he was reportedly killed but still you're not sure whether or not so who has links with different though and if we go by this in these. almost a good national security advisor not on this board that some indians. and since this had happened just two days. to the nine eleven attacks we can say that this attack has something to do with the old sort. again but since we have in the last seven or eight that actually have not produced any conclusion we cannot see

that this rich group would. have been. and we might be to a conclusion at oakey this but people are group was there what we cannot release to apply now now this but because our group was there and so obviously there you know india is no stranger to sort of terror attacks we saw the blasts that happened just last month and then obviously the. management really i think we have lost our connection there that was our r.t. correspondent reporting from new delhi about the blasted front of the high court there well in a few minutes report from what might become disunited kingdom wells increasingly wants to go its own way after centuries of english rule well r.t. looks at whether it's driven by economics or emotions. now live in rebel say they've trapped colonel gadhafi and are ready to take him dead or alive the former leader was tracked down after loyalists convoys left for

a neighboring country of niger the rebels are believed to have located gadhafi with high tech equipment teligent well they now control most of the country after a helping hand from western nations but it's in stark contrast to how america and britain operated in libya in recent years before the to get off the campaign the cia and my six were allegedly sending terrorist suspects to libya for interrogation and torture that's according to documents on earth in libya which have sparked outrage daniel bushell reports the site suggests the violence isn't over yet and the real chaos may be yet to come. behold me one of africa's most experienced just but from the libyan capital he says. has turned into a ghost town. there is no administration there is no there is no it's called 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 weapon stores have been raided every man with kalashnikovs if the tribes fight for their independence to come sure will answer and never ends in a civil war with brutal urban guerrilla warfare lists argued that even rebel leaders don't know where therefore it is a from. rebel hands mom with jelly a was a launch to find islamist sleeper cells had joint history clear sense if a vast parallel structure of competence has appeared we have no idea who is in charge of them they tell us hopes of a reliable replacement for more by gadhafi appear to be fading libya's rebels remain deeply divided all 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 and from two new zealand ordered to qualify but no tunisian women got abortion rights twenty years before women in

belgium under the last regime divorced women good benefits revived arab sunni just movements are trying to reverse that. before the war leaders from barack obama to nicolas sarkozy and silvio berlusconi shook and even kissed gadhafi the rebels got red carpet treatment in paris but the west will also change tack warning experts if libya doesn't go for them as planned 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 for europe they warned us that we don't know what we are creating in libya it will be a free haven of extremist groups which are just on the southern border of europe poirot's from failed somalia made their coast a no go. frighteningly some diplomats now think libya is heading in the same direction but what they will do sure that it is mediterranean will not be a safe city there will be

a part of us and there will be all bloat to control the mediterranean to make it safe i don't think french economy can support that western intervention in libya has brought large numbers of new forces to the fall experts fear the west itself may come to regret their emergence daniel bushell r.t. brussels. and staying with the region's troubles russia and france are calling for more dialogue between the syrian government and its opposition to try and be addressed and there's also warning there there should be no repeat of what happened in libya that's a during a meeting between the french and russian foreign ministers lark is this could all follow their talks. well surely there is a number of differences in the approaches an understanding is of some international issues between russia and france but to the two countries do call each other a long term strategic partners and they are on common ground when it comes to a great amount of international and global problems now i'm talking about syria

moscow and prayers are in full understanding that the situation with their to repeat what happened with libya and it's absolutely vital that the opposition in syria has a dialogue with the authorities and we are convinced that it is imperative to do the job that we start talks with and this is actually what a syrian leadership calls for do you think this is it is six truly dangerous to prompt certain forces in syria to boycott these talks and neither russia nor france wants to see this happen this is this would be extremely dangerous see every. party in syria should stop producing silence in which a proposed resolution to this effect will we encourage the government to carry out the reforms it has launched and the opposition should not use

provocations and reject invitations to dialogue with people why it comes to the different approaches on syria between russia and france france calls for tough sanctions on the syrian authorities or while russia stands for peaceful dialogue but anyway the syrian situation is still to be discussed later in september at the . general assembly meeting in new york. it's no secret that russia has been criticizing fuselier the military operation conducted by nato and this was a point of. misunderstandings and different approaches between russia and the west but now. moscow are saying that they're ready to cooperate to work together to bring back peace into libya to help every store of the country its economy its more and of course is also going to be discussed at the u.n.

general assembly later in september. now some of the world's finest minds are in central russia right now with how best to solve the desperate situations in libya and syria among their priorities is a third global policy form of the golden ring a city of. artie's and he said is there for us. to become know for attracting top intellectuals and policy foremost what have we heard so far. well really the discussions are focusing on multiculturalism but we've had a lot of sessions today on security in fact and like you said the issues there are of course what's happening in syria and libya especially but but the arab uprising if you will really the focus of a lot of those sessions we had some pretty strong words from the russian president's envoy to africa gayle of talking about libya there he spoke about how he doesn't believe all of the mistakes that we've learned from all of the mistakes

of iraq and afghanistan and that patients really need to prevail as opposed to any kind of pressure to enforce a european style democracy in a country which he believes libya is not quite ready to do he also expressed concerns about the fact that if something does happen to gadhafi that the civil war could spiral spiral out of control and get. and worse and also a lot lately not from him or hearing but we have been hearing a lot of issues about hops in their interest rebel finding that could prevail if things keep going the way they are and to talk more about the situation in libya syria and what's happening in the middle east north africa joining me. professor of political science at yale university thank you very much for being with us i'd like to thank you and with. with libya in fact we had nicola margelov saying that he feels like mistakes haven't been learnt from in terms of iraq and afghanistan what do you think your future holds for libya and how can the country get out of the

situation that it's in well i think it's i think his comments are right on the mark i think that the most apt comparison this with afghanistan because you're really dealing with something much different than the so-called arab spring is that you are center news here and you tipped and to a lesser extent in iran you're really dealing with a civil war which is by no means over time even if gadhafi is defeated. or killed or changed i think he's left the country now that doesn't mean the civil war would end either most of the leaders of the opposition were members of gadhafi is government until. a few months ago. they have any history of promoting democracy and i don't see any particular reason to think that they'll start now so i do think it's much more like i've got a stand i understand the. impulse maybe to learn too many lessons from iraq.

they don't want to remove the regimes pariah tricks and supporters which is what they did in iraq and then there was nobody to run the country. but there may simply be no basis for democracy in libya in the foreseeable future and does that mean that we're looking at. another iraq another after another ten year war perhaps we're not we don't know where nato do not have soldiers in libya so i think it's more like. it's more like afghanistan surely than iraq but i suspect that. the europeans will not want to put soldiers in there precisely because it's an ongoing civil war right fessor political science from you know university and school of law thank you very much. and we will be here over the next few days really as analysts leaders and experts discuss the world's most pressing

issues and back to you. all right thanks very much there and he said now reporting from the global policy forum. all right national identity is a powerful emotion but when you've been a small part of a big country for the best part of a millennium you can feel a little help back take wales a tiny british principality but now wants the same taste of freedom as their celtic cousins in scotland artist or emmitt reports and why the people of the valleys are vowing to get a bigger voice. 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 plied comrie which means the party of wales has always argued the country could be better off without the u.k. and it seems increasing numbers are starting to see their point of view our economy . with the interest and priorities of the south east of england to the fore an

independent will be able to chart a different course based on our needs and priorities wales is a long way from declaring independence but it's no longer just a pipe dream and people here voted overwhelmingly earlier this year in favor of handing the welsh assembly full lawmaking powers that was considered a turning point in welsh nationhood and plights couldn't read 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 plied comrie that marks the turning of the tide for a unified u.k. . i believe they're beginning to to use the word independence in in a welsh context which they say they wouldn't of jennifer use and as activity valid

sizing the people in where's it going to seem that when 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. 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. to see really patriotic i think of more patriotic thing that we have a lot of people say that we shouldn't forget just seem to be better here at the moment that you can get free prescriptions. education seems to be a bit better. says it's going to build on that support providing not just emotional reasons why wales should be independent but concrete economic reasons too and it says wales does have resources particularly land and sea green energy if the scots vote for independence wales might not be far behind. here's a look at more of this hour's main world news now the trial of egyptian president hosni mubarak has again resumed this sign after it was adjourned because fighting

broke out inside and outside the court there have been scuffles between mubarak's opponents and supporters on the street while inside police were forced to separate defense and prosecution lawyers the close trials he's charged with ordering the killing of hunters or protesters during the uprising earlier this year which ended his rule. twin suicide bombers targeting one of pakistan's top army officers have killed twenty three people including two children the officer himself was wounded but his wife was killed when the attackers struck his home and the taliban says it's behind. the bombings it's thought it was in revenge for the arrest of senior al qaeda suspects a few days ago. well that's all for this hour sports with kate later in the hour and hope still high for russia to qualify for the euro two thousand and twelve finals but for now let's get to the business news with yulia.

hello and a very warm welcome to the business update and all eyes of course on this dispute between russia and ukraine and russia is mounting says it aims to complete the reorganizational the country's gas monopoly naftogaz before the end of this year companies that a march will either conduct i.p.o.'s all be sold privately that will allow you to raise up to twelve billion dollars the country plans to invest the money into energy efficiency systems and its own gas production was to we all be lies not to cuts in order to renegotiate contracts with russia saying the existing prices are too high. most of all of the markets oil is back up that's ahead of an energy department report which is expected to show a decline in stockpiles ask top of the story is threatening production in the gulf of mexico also hope that obama's speech will provide a new catalyst for economic growth possible to the market. and european indices are

rallying after three days of losses mainly driven by global stocks are going to stop court has thrown out rule c. which aided blocking the country's participation in the eurozone bailout the case had been brought by a number of euro skeptics who argued the rescue package broke both germany and. this was provided to father lived to sentiment. and in russia the markets will strongly in the blood from the back of high oil prices and positive movement in asia let's have a look at some of the individual moves on the my six energy may just the main game is the meat strong occurrence. with gas from up to three percent meanwhile banking stocks also on the rise was more than three percent in the black and the full saw progress gaining full percent after posting strong first tough results the companies that profits rose two point six times to four hundred fifty million dollars. while with russia which is experiencing continued volatility this week

at its creatures as investors should stick with liquid stocks if we work to see some positive news flow in the next several days then the best bet for any investor for sure would be a liquid space their respective tical sector you want to look at because the liquid names have been beaten up most of all the steel sector has been completely destroyed with names such as severstal and l m k m k down thirty to forty five percent year to date and if we were to see this technical bounce in the back of obama's address on thursday as well as the e.c.b. decision making rate decision and general statement on thursday i think the best bet is to play the liquid names. russia's global competitiveness has fallen the country came six to sit in their latest world economic forum ranking which gives a guide to investment climate that's three places lower than in the pira support two years ago all of us say this is because russia is not dealing with the six and

trying to problems such as bureaucracy and corruption also case markets the market in market peers in the brics countries the top three sports were taken by its one saloon singapore and sweden and changed from last time. russia has a must to twenty six billion dollars budget surplus for the first eight months over here this is two to strong prices on low government spending fighters but a starlix a quitter and says this could lead to the country having a balanced budget by the end of the here shows. today we see a good budget profit forecast and if we fulfill it the deficit by the end of the year will be equal to zero however if we manage to lower our spendings or even see even better earnings we could even see a slight surplus but we're currently aiming for a balanced budget of three hundred seventy one billion dollars both in earning and spending. that's all we have time for norah join me for another business update in less than one hour's time more get more stories than analysis from

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the old free blank can call it video for your media projects a free media oh god r.t. dot com. for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. welcome back you're watching our team now here's

a recap of the main stories we're covering for you today germany's highest court rule. so the country's bailout billions for struggling nations are legal but warns angle of our cultural how to ask for mesh next time she wants to run to the rescue . a blast rocks india's capital ten people are dead dozens injured in the city's worst attack in nearly three years. moscow appeals to the global community not to repeat history's mistakes by leaving to libya and syria. but will focus on libya for the next few minutes as r.t. talks to a middle east affairs academic to get more insight into what's happening there that's up next. i'm joined by professor rowland from the university of. western germany and he's here to talk with us about the fate of the euro mr for.