three. feet. really sick or find a way out of its debt crisis the divine message from the prime minister who's in germany for top level talks and convincing credits is a kind of a fall. but here now things parliament are expected to prevent another tax hike so great is that correct think that's despite growing public anger. the un security council has the submit the palestinian statehood bid for recognition despite its objections from israel and the u.s. which has vowed to veto the move. last the u.k. struggles tree a new jobs a bit

a stark rise non-employment it emerges that nine out of ten positions are being taken by immigrants. and in business russian markets continue to climb in up to his freshman despite the sharp departure of finance minister ali secluded on monday join me for a poor group of boards and. a very warm welcome to you this is a lie from moscow the greek prime minister says he's confident his country will emerge from its debt crisis ahead of talks with germany's chancellor even counting the budget deficit comes as lawmakers in athens are expected to approve an unpopular property tax finance minister says the country will receive the next batch of bailout loans in time to avoid a potentially disastrous default all correspondence is following developments for

us from athens. what you're hearing from the great pride in a situation passenger speaking to members of the chair of an industry in berlin is this a very positive rhetoric he thinks this country can escape the crisis is still the line from the usa leaders is that there's no question if we exiting from the usa and head to hold still not being stationed about publicly here in athens in a month it's that the opinion really depicts quite significantly only pieces of being a little bit skeptical about that kind of speech because we've been here before and we see the same things being said and yet the country still once again at the brink of a deep deep financial crisis may be on the ground here we think some creative writing now seems that the college they think today all this stuff is nothing else there is a measure this designed to try and convince the years they need to sequester is

making the right moves that people who say this isn't really a matter anymore of whether or not they want to pay it in full say to him that it's not a case of that is that they simply can't kid of the first time to seeing people below the poverty line being tax and they said that simply unacceptable is a very different topic lights was being said privately now privately for the last year and a half a lot of people have been saying that to the polls has always been inevitable is just the fact that here is a leaders who simply know. what it was. a lot of people saying that years later simply aren't going to accept greece exiting the year because if it was that said that anyone could lead and that really would mean the end of the year i think moves to get that now a lot of people saying about this control default really ideally we should be able to this their way not dictated by the usa leaders that we've had is that what was expected from a lot of people is the usa needs to have a choice not the rational way or the irrational way and alison told me. the

rational way would be to attack this problem have everything to be honest about what's going on and have control to focus there's also be a rational way and a lot of people sadly think that's quite possibly what we're going to see now which is more more talks more discussions and in the end will very painful most people simply are working. more on the situation in greece talk live. in chief of business magazine and author of the book the end of the euro members joining us here on r.t. more measures are now being discussed today to avert greece's the folds including. the country's debt but are they likely to be enough and are they realistic. well whether they already all mistake or not that's the big question because the other countries of the eurozone would have to assume they're there to directly or indirectly but whatever way one looks at it is you know

a lot of trouble the economy is now contracting at something like eight percent on an annual basis unemployment is officially at sixteen percent but certainly in real life much higher it's impossible to control your budget and the situation in that kind of economic at the crime so there will have to be done something in the coming days and weeks or as a picture if you just chilled already indicated there will be major major turmoil in greek society now the big fear within the e.u. is that a contagion they get when they want the situation in greece to have a domino effect on the rest of the year as a but just how would you say this if you're a she is now there states. well let's perhaps first focus once more on greece one of the problems with the greek situation is that if one would default today or if one would or try to organize

a default of greece today the major problem is that all the greek banks would immediately be bankrupt so you would have to recapitalize the greek banks immediately in order to have and i don't hesitate to use this word a total destruction of the greek economy obviously the greek government can do that so you need the european stabilization fund up and running to do the recapitalization of greek banks and that is why all the fever is sort of where there is so much favor to get the july twenty one. conclusions are the european summit agreed upon in all the european parliament because it's only then they can have the european stubble ization fund operational and only then. you can or do an organized default of greece because only then you can recapitalize the greek banks now with respect to your other question the other countries of course page and is imminent i mean the situation in portugal in ireland is well known or to go is i

think in a worse shape than ireland but of course the big question we can speak of the future of the euro zone is what will happen to spain and italy because here the amounts are much higher and the need to intervene is that much more huge is we can expect a result gorgo that we're really then in a totally other ball game a ball game in which for example germany would certainly be very doubtful to go it all the way well let's talk about italy and spain the so-called too big to fail countries the i.m.f. so when he said that it's not able to help them out so should the crisis get worse what is the best solution for the rest of the year as a to make sure that the greek scenario is repeated elsewhere. well the only solution to all these problems and the future of the eurozone is that takes them are you are dragging in the future president of european central bank as

recently called the big quantum leap forward they can go immediately to words a highly integrated political union where you have as it is always the case in the political you wouldn't where you really have a legal decision making that goes for all the countries involved in. the eurozone area but of course. the way things politics are going now in all the different countries that's of calls of father morgana it's impossible to imagine at the moment that the eurozone countries would go for a total political union as is required to come to orderly solution of the problems that are on the table at the moment well if greece does eventually default or even leaves the year as a what if anything that would have on the future the single currency. well if we only look at greece i think like i already said more than once on this television

channel it would be a very good thing for greece to leave the eurozone and since greece is only a very small part of the eurozone one can do the kind of exit like the greek exit in an orderly way if it is done this orderly it would mean chaos within the entire eurozone i think and i'm fully convinced that an exit of the of greece from the euro zone is from a technically monetary point of view perfectly doable it only takes a little bit of coolness to do it and it would solve a lot you to a large extent greece problem still because the problem with greece at the moment is that the country is really it's impossible for the country to escape from the recession or really i would even say depression or. if the circumstances in which it is to be it needs more exports and more. than enough to regain

some economic growth it cannot find growth without a major devaluation of the currency which in this case would mean that greece leaves the euro zone ok you have over the world editor in chief of trends magazine live from brussels many thanks for those thoughts. but we'd also like to hear your opinion on the crisis in greece so log on to our website r.t. dot com to take part in our latest poll today we're asking what do you think we. are discussing behind the scenes so far the most popular response is a rather tongue in cheek one a lynching from angry voters well always of course everything that discussing whether greece should exit the euro zone and some of you believe they might be talking about how to manage and control the folds and how far the bailouts can stretch to get involved head along to r.t. dot com and cast your vote well on the way here on our c arming an ally or setting off a time bomb explosive revelations claim it the u.s.

role in weapons to israel it could be used to start a new all in the middle east. a u.n. security council has decided to postpone further discussions around the palestinian bid for full membership until wednesday this as washington refuses to back down on a promise to block the move in support of its ally israel but as i reported the palestinians could still gain an elevated status the world. what the palestinians would need would be nine out of fifteen of the security council members to support this application no vetoes but us president barack obama did state last week when he was addressing the general assembly that the only way there could be an independent palestinian state is through through direct negotiations and and peace talks between the israelis and the palestinians washington said it would cast a veto if it had to but let's remember that u.s.

credibility and influence in the middle east is at stake here u.s. president barack obama has been seen supporting the so-called arab spring that to metion is the libyans the egyptians and so for the u.s. to cast a veto now i guess the aspirations of the palestinians would be as some critics have said hypocritical the palestinians do have another option and that would be to take a vote before the general assembly where they do have the majority of support that would only raise palestine's status at the u.n. to observer state a nonmember observer state but they would be able to file lawsuits at the international criminal court and participate in many forums but at this point it is stuck within the security council with washington pressing very hard for the palestinians to back down and not put them in a position to castigate a palestinian envoy riad monsoor addressed the media following day one of security

council consultations here's a bit of what he had to say we all know in the security council this is this is an exercise in which there will be among this pressure. so the number of countries and members of the security council but we trust that we have money for the ins and the consul and the relationship between us and the old friends is assaulted the relationship and of my own the pose. they are supportive of justice for the palestinian. president mahmoud abbas said he would return to negotiations only only if israel haunts its settlement construction and since that has not happened and since this statement made by the quartet did not include that then the president of palestine said that there's no point in talking so while the international community is trying to come together right now

to get both sides back to the negotiation table it seems that the palestinians are really driven and determined as the u.s. continues to stand by israel washington's now coming under fire for new revelations of his dealings with the country it's going to the white house supplied dozens of bunker buster bombs to tell of the weapons best suited for destroying underground nuclear facilities in iran want to deal with it so by the poems during the bush administration two thousand and five founded over concerns israel could pass the technology on to china claims that now most of the weapons were secretly really shortly after two thousand and nine observers fear the move could lead to a new war. it seems that there is very few limits that the united states is willing to cross in order to support israel at any cost you how could almost wonder how it is that the tail wags the dog in this respect israel is a tiny nation the size of new jersey and it has no oil wealth it has barely

a strategic position and yet it's telling the soul of the world's sole remaining superpower what to do and it is there's only one bunker busters a five thousand pound bomb that is only used in order to penetrate deep deep fortified positions iran does keep its use is said to keep its nuclear research facilities deep underground and the only way to really access them would be using exactly that sort of weapon so. it's not speculation to ask where they're going ron would be interested in you care about this transaction this is very much an escalation of the conflict between israel and iran. the u.k. has been trying hard to originate the spending cuts of course and growing numbers of people out of whack now it's a merge the war few job vacancies of iraq are enormous clues that the to immigrants who are taking ninety percent of all new professions are things i have

a better. jaymes amongst the growing ranks of unemployed he's been trying to find a job in social housing since many competitions fear that for the six agencies now working for each job so you just find that you know looks like is about they will get short of it as the salaries are slightly less maybe going to go to college and maybe those parts on unemployment snow it eight percent the highest for fifteen years but no matter how hard jamie tries the odds are stacked against him job centers like this one helped fill one hundred eighty thousand new vacancies in the last twelve months but only eight percent of those once a british workers with foreign nationals more successful in the job market nine times out of ten reversing that trend was a key election pledge of a new government promising to slash immigration but a year on it's only increased migration was nearly a quarter of a million last year up to twenty percent on two thousand and nine and britain

second biggest annual total ever way off the government's five figure target i think we're probably over promising given the restrictions that they face it didn't make sense to promise to bring the number down to an arbitrary level we'd actually been having a more honest debate about the limits on what they could do the government claims its target can be mitt by capping normally you immigration but that ignores how mostly coming from within the e.u. the restrictions don't apply entry numbers of eastern europeans rose by eight times in the last year alone as they continue to cash in on the open borders are likely going to have a measure of better now that target might come close. unlikely to meet it for measures are necessary for others the problem lies at home pretty patel's an m.p. in from an immigrant family herself she knows what it take. to succeed here it says

most don't go back to thirty forty years ago and you've seen immigrants come to this country what they want to do is they want to work hard and get on in life they really do their families think about eccentric set traps you know new days gone past or you have a tremendous british work ethic in this country we really did i think with respect to be lost on us was it was easy to see that at the job center where most i'm it will migrant workers the problem is that a lot of the basic they've got used to not doing the minimum wage jobs and low paid work so they need to be forced into taking these jobs the government claims it's now doing just that it says we are reforming the welfare system to ensure that we in the benefit dependency which is trapped so many people and finally ensure work pays but it was the long term unemployed can be forced to look for jobs there's no guarantee they'll get them coming back to the immigration problem is the government

simply can't keep quite a bit. london and me they revered it has again a hit out at the former finance minister and the president confirmed his intention to increase russia's military budget but a source of friction between the two men who got in criticising the plan they said he wouldn't serve in government if it was headed by medvedev commonsense or him sachs on monday of the house a story. well the reactions that are coming out coming from the the political elite at the moment after get of issued this ultimatum to couldn't to say get on board all gets out couldn't said he would consult with prime minister vladimir putin now we're hearing today from dmitri. person that consultation never happened so they didn't talk to decide his future presidential aide. says that as soon as they could in when president made get it he made his position

untenable and the only option for him was to slip off and disappear and go eventually he was dismissed now one of the biggest names that we're hearing from is the chairman of the state duma. also a senior member of united russia the leading party here he says that this sparked yesterday this dispute over could in saying he wouldn't work in a government headed by just the tip of an iceberg as many other things going on in the background however he wouldn't say he wouldn't elaborate on what those other things were so this certainly seems that we we haven't heard the full story yet of what's going on between alexey couldn't. stay with us here on r.t. business report just a little later on we'll be looking at who could be the potential successor to the finance minister who was dismissed after eleven years in the job. former ukrainian prime minister yulia timoshenko will return to court on tuesday all for

a two week break in the hearings she's accused of a piece of power to bastille's with russia in two thousand and nine claims she denies the case and join an angry response from supporting the protests intense outside the courts and going on for months now from clear his. after a two week break the trial of futenma shanker ukraine's former prime minister is due to resume in kiev and many say that the court hearings are entering their final stage with debates in court to take place within the next several weeks some say that our units are sankoh by still get a prison sentence of up to seven years for the economic crimes she is being accused of but most of the experts think that she will most likely get a suspended sentence of five years and that will automatically take her out of the presidential race in twenty fifteen and that the parliamentary complaint due to be held in autumn next year i'll like to remind two of you was that huge mistake was

being accused of several economic crimes one of them is according to the prosecution is that she managed to strike unlawful gas deals with russia in two thousand and nine at the same time it is very interesting because moscow is adamant that those gas agreements were signed in full of words with the international legislation and thus they must be fulfilled until they have been revised to the court hearing so been going on since june certainly this is the loudest and the biggest court hearing now in ukraine supporters of judicial shanker and those against her are being stationed at the main street in cuba to try the street in front of the court building for several months now and they're still here with course expecting their presence to. to multiply within the next several weeks and tensions will most likely be rising. candidates have some of the top stories from around the world now this hour and libya's new leaders the three plans for reform rules with the use by the gadhafi regime to jail dissidents it comes as forces

continue the seizure of the examples home town well served out a sustained attack with hundreds of civilians forced to flee the civil war as claimed the lives of an estimated forty people. to suffer a trains collide. in the chinese city of shanghai injuring at least eighty passengers with summit she reports that in that number of over two hundred it out in june one of this is use new lines when one of the trains smashed into the back of another as a result of technical failures the accident similar to a train crash in july that killed forty people and shattered public confidence in the nation's high speed rail system. yemeni antigovernment activists and ballots were gold in the end following of president ali abdullah saleh a speech in which he failed to promise to step down over one hundred forty people and killed across the country in the past week and violent escalated the president

returned again and after medical treatment of. fifteen hundred people are believed to have died since conscience between us and government activists and security forces began. a powerful typhoon knesset slander into the philippines bringing with it monsoon rains and strong winds the toppled trees and flooded parts of the capital at least seven people have died including a baby fell into the swollen river government offices and schools were closed while dozens of domestic flights were canceled more than a hundred thousand people evacuated from the worst affected areas while heavy downpours are expected to continue for several days. because report is just ahead as well as a recap of the main headlines. this is an update with.

welcome to our business update this hour the russian markets may not have dropped on news of alex he quit resignation as finance minister but spirits certainly have cauldron is not just not in the financial community for his stewardship of the russian economy and lower from other banks says his departure raises the risk of budget overspend. the nice people from national markets also ruled opposing associated with the creationist position front and second with a very quiet budget approach ross says he has received nation on the moment of global financial crisis risk of recession is definitely good news in this special i think it's not a good news give the upcoming elections because i'm. always surprised that you know now we have to wait in municipal finance when the floor of the flexion will be more tension more pressure to increase social expunge be inclusive spanish come to france so overall i definitely have much more concern over there still bill told

the russian budget also for the coming years most of all do kevin to look at to keep didn't break even russia and watch and break even to oil prices that's a role that we you know i would say levels as the movement of the state already one hundred dollars per barrel so i would not always hear the we school for breaking a higher and higher is definitely increasing. let's take a look at the markets now here the figures for the run of the r.t.s. and the my six hour both are adding over two and a half percent let's have a look at some index or verse on them isaac's energy stocks on the rise amid stronger crude look oil is gaining almost two and a half percent among miners only metal is gaining for the first time say in four and four as precious metals are advancing in other sectors airflow is among them a gain is after that recorded twenty fold increase next profit for the first half of the year and put also says it's considering listing in dublin and new york markets in europe are posting strong gains as well the point c.

is two point six percent and the dax is three point seven percent higher this hour german can make a dime a rally prophesied after it was upgraded to outperform mutual by critics will say. turning to for its being supported by speculation the european central bank may alleviate the region sovereign debt crisis boosting growth fuel demand like wheat is currently trading at eighty two dollars a barrel brant is one hundred five dollars for backup. which is all major ross nasa is in talks with italy's any over the joint development of a project on the black sea that's according to the business daily commerce quoting sources close to the deal then use paper says the european company will get a third of the joint venture which is expected to be sealed by the end of the year in response was never wants to win a role in any projects in libya earlier the russian company discussed the possibility of working in the black sea with america chevron and exxon mobil. the

world's biggest train maker coca-cola is best three billion dollars into russia's economy by two thousand and sixteen that's as much as it's spent over the last twenty years speaking to our to the company's president can't explain whether. that's going to be investments in more production more distribution more marketing more branding more communication more support of our customers and where we have seen opportunity in russia we have made some i think this is the right movement unlike the done. so that those are complementary to our business existing business we feel that our portfolio is very rich and we will be focused on organic growth in the next few years. so i have to. stay with us with four headline.

wealthy british style it's times like this look. like the. market find.