germany gives the go ahead for a hugely inflated euro zone bell out of fog as it guarantees billions to prop up its currency colleagues the different feeling hail in the streets of greece where the people that pay testing saying we'll start seeing that is the government putting in place to try and secure that cash is simply too high a price to pay. and you could have a finder's continue to pound the colonel's hometown with extra nato bombardments causing frightened residents to flee their homes are destroyed. and china's heavenly ascends its ambitious orbiting lab heads for the stars as part of

beijing's space station aspiration. that's eleven pm in moscow this is archie coming to you live from nice and now i want our top story german lawmakers have agreed to massively increase the size and power of the euro zone spell out fund meaning berlin will guarantee a one point two hundred and eleven billion euros worth of loans greece is watching this very closely as it tries to convince the e.u. and i.m.f. to release more emergency cash but the greek public saying girls focused on facing more cuts and tax hikes sara firth is in athens. the patients is running out amongst the people here in greece take your bell and leave that was the message from the protesters here today than outside the finance ministry the organizations a lot of people who are being made on employees to the government's austerity

measures one of the limitations that they've put in place to try and secure that bailout cash the eight billion is going to be decided on later next month you can see the ban is that the ban on the finance ministry itself saying we won't like the people here i feeling that the measures that have been put in place are simply stifling that and that realistically that is too high a price to pay say it is to see a different reaction to the positivity we still after that positive day in germany it was certainly a positive step that chancellor merkel managed to secure the majority of that that are seen as taking decisive action but there are questions really eva how much impact that money is going to have the currently the greek that stands at around three hundred forty billion year ice and the generally very taking to extend the size and power of the bailout fund that would now stand at four hundred forty

billion euros away the two hundred billion would be called cheated by jemmy's who would be the single biggest contributor to that fund we know that's caused us and discontent among the german public right now would have been a cash playing for not yet because there are still countries that have to fight and that it takes seventeen countries and as he said the way that that's being received here amongst the public is with some skepticism they says a lot of people are saying that they visa here is a leader is a part of the problem of this whole year as a financial crisis and so they're asking how they can be the solution and also there's a lot of mistrust here because the people here's someone telling me today that this isn't a case of things getting worse month by month or week by week even. day by day things here are getting worse for the people but tomorrow we're going see the deadline for it we see people outside the finance ministry. planning the titles that they've

been given they say not only do they not want to take this they simply can't pay they take half the money anymore a lot of disappointment in the government we saw the protests in clashes break out between the riot police and the protesters on tuesday after the failed the property tax was caused say that the incessantly a lot of discontent still in months if people stick with the next round of money to be decided on next month and with the ballot but being extended what people here is that is you know really should they will not cash they feel that the measures being taken or to hostage is poisoning the patients they speak and they don't know whether this bailout funds going to be medicine into the country or whether taking that money is going to be drinking from the poison chalice. but now brigand you go to a satirist. sociology i should say professor from the university and our fans thank you for joining us this hour how hard is it for citizens and families to make ends

meet under the weight of all that's happening. bric society is furthering a continuing source of disaster we are hearing about yours there are the most of every week new tax hikes new the christmas in public sector and of the same time there has been a. great unemployment i mean we are. very severe recession greek economy contracted the spirit of the second thought that. it's minus seven point three percent and there's no end in sight for this. vicious circle of what's thirty three even more days. and we can see no light at the end of the tunnel for this thing the first time after many decades greek families the algerian brick fahmi is facing severe economic difficulty and

all forms of social solidarity especially into doing a ration of something to the we've seen in family are running out. not filled their children and young couples are facing great program of people especially if we have that private beds are also facing very very big difficulties. for example of these people which are moral are not going to pay for this extra tax i'm not just going to do it out of a protest out of but also because many of them come north actually afford the sum of money at the same time your politicians are scrambling to keep greece from to faulting is this the right thing to do in your opinion. i think that the big question facing us today is not whether we are going to default but how we are going to default i mean all the measures taking by this throwing up by the european union the is to be on the i.m.f. leads one way or the other to some sort of the full some sort of moneths default

but the business world is going to be accompanied by the newest even cancer are still in the midst of some sort of social mobility is on the other hand i think because our society as a country we have the times to default on our own our own terms which means immediate stop of the payments of the death immediate exit of greece from the euro zone from the euro and the radically different polizzi of nationalization of banks capital controls and redistribution of income total is the lower taxes there is no other way to go out of this situation except not to default or now or in our own terms if greece doesn't get more bailout cash and it says if it does it can finally pay its way out of this mess do you think that's a sound long term solution. no for example we had this summit meeting

on july twenty first and there was all of this quote that the new bailout package was on their way. come september. the blackmail starts from the part of the european union concerning the last payments of the previous bailout markets so easy is the future for a country more and more bailouts its bailout be not company and by extremists there are the mayors there's the demand for a complete state's assets and then again more risk there is a more recession and i think i'll give a statement of the live productive capacity of this country i mean this is a vicious circle something. it's much slower it cannot go on forever and i think it's not just you know some sort of monitoring from simply from the part of the european union or some sort of you know the thing i mean would be but i look there's a i think of that there is also another agenda i think very worn some sort of

grades internal social devaluation of great society in order for it to be. no holds barred. every investor. this is not the future for accounting for its people for whatever floats the game so live. by with us on the line from athens sociology professor from the university of history and thank you very much for your analysis. and i guess a few finders have taken control of the airport in the future of colonels hometown of syria the last stronghold of his loyalists but reinforcements have been called in ahead of a fresh assault in the face of stiff resistance civilians continue to flee the violence in the besieged city claiming nato for only adding to their problems and the war activist sara flounders told me earlier that nato mission in libya has nothing to do with protecting civilians. from the very first day this has never

been about protecting civilians it has been overwhelmingly a war on civilians nato is responsible for now into the seventh month of bombing more than thirty thousand sorties more than ten thousand actual bombing locations i again and again and again it has been the civilians and the civilian infrastructure that has been targeted sirte is now without water without food without medical supplies without operating hospitals it is nato this is a nato war where the the so-called rebels are an exhilarating force said has been and capable of even taking any ground on their own that is not already pulverized destroyed by nato bombardment this is this is a completely nato war to the domination and control of the oil of libya at

a time of enormous and growing economic crisis in europe and in the us and they want to lay hold of this it's an effort to destroy the resistance movement in libya and that has continued under the most horowitz conditions. but for you in just a few minutes here in our teeth the u.s. veto shadow still looms over palestine's bid for statehood but the palestinians have made some progress on their way through the security council corridors will discuss the hurdles still to overcome with a senior member of fatah. and nato reportedly uses live rounds and border skirmishes between kosovo and apnic served in the balkans the kremlin is concerned nato is taking sides are to report certainly from belgrade. oh china's turn to stake a claim to the stars as it launches its first orbiting laboratory nicknamed

heavenly palace the unmanned facility will be presence in orbit and it will also test the waters ahead of china's plans for its own space station by the end of the decade but let's talk now to dr patrick fuller who's from capitol science connections which specializes in bringing scientists and investors together thank you for joining us it's a big step for china's space program just briefly outline what heavenly palace is and what it's going to do. well it's a great name isn't it heavenly palace but i think for most of us we would find it all that in the heavens we wouldn't find it much of a palace it's around about ten meters long it's around about three meters in diameter so it's not large it's a container essentially with a little bit of a life support system inside to enable astronauts to survive in there for perhaps as much as a few weeks and it's very much the first step in china's plans to

establish a presence with the space station in orbit it's very simple at the moment this. drum is going to be there for at least two years and china's intention at the moment is to send up a manned spacecraft later this year which will dock with it and showed that the really is a capability for a sophisticated space program but trying to can put in place china's space program of course is new but it has thirty years of russian america's experience to learn from how soon do you think it might be able to catch up to the big space powers. well that's right i mean at the moment i've seen a comparison with the us space prowess in let's say the one nine hundred sixty s. or something like that but i think of course there are great advantages to being third in terms of what you're able to learn from what other people have done and i think china has the determination and probably the flair the technical ability to

catch up with the u.s. and with russia very very quickly indeed and certainly if they can demonstrate the ability as they seem to want to do to put a space station in orbit by the end of the decade then that will certainly be a very very strong indicator of how much technical progress china has been able to make very much talk about china's involvement in the international space station which of course was prevented from joining by the u.s. do you think china's ambitious and money might three attitudes change here. well as a really interesting one to speculate about isn't it because we've seen the u.s. space program winding down in the last few months the last shuttle flight the u.s. is saying that they're not intending at least as far as nasa is concerned to put another. bring in another manned launch vehicle until i think it's two thousand and

seventeen so is it possible that china could come into the international space station program or is this an indication that china sees an opportunity to establish an independent presence in space and then perhaps invite other partners on board so really interesting question it's as much political as scientific the answer that question right dr patrick fuller from capitol science can solve think thank you very much for your analysis. there in other news the wheels are turning out the u.n. security council as the palestinian. statehood bid faces a vote at the group's admissions committee on friday it needs at least nine of the fifteen members to approve it joining the international body but the threat of an american veto still hangs in the air president obama insists negotiations between israel and the palestinians are the only way to reach sovereignty in the meantime israel has further antagonize most of the chordal community by authorizing more

settlers homes into eastern roussillon. i mean while the european parliament has thrown its voice behind the palestinian sovereignty dr saying statehood bid is legitimate however even lawmakers believe palestinian statehood should result from negotiations during the current u.n. general assembly session let's get more on this from dr mohamad chatah joins us live from ramallah he is a senior member of fatah central committee thank you for being with us this hour do you believe the e.u. saying your u.n. creative's the tournament will help swing the security council's vote your way. of course is very important. because. you're going to come through actually members of the security council and i think it's an important message for us the representative of the european people seeing glau done to clear out of the move to the united nation is very legitimate and we hold that this will have

a look at some form the voting by the european governments and but of people a lot of what we know from britain but you think israel and the u.s. will hear that loud and clear words of support for palestine. well i think very straight is there here to be very clearly as well as the americans they are here in the general assembly president obama is in has received seven standing ovations it was very emotional moment at the general assembly people gave him a standing ovation it was a very important. body as well as china they were very very supporting obama or move and we received messages of support from with the russian federation and i think the international community in africa latin america. all of them stated very clearly that they are supporting the small because simply this moves comes at a time when there is a very serious impasse and

a peace process and we have seen today that netanyahu the prime minister of israel has really given a slap on the face for the proposal that has been put forward by the pier in which we called for the resumption of talks between the two sides israel has declared. that it's going to construct the one thousand one hundred settlement units in jerusalem and this is actually a total erosion of the international effort to really bring back the two sides to the negotiating table so yes i think the international community and israel and the united states they hear it very clearly what the international community wants they want end of accumulation freeze of seven months resumption of talk of talks on very clear terms of reference in a healthy environment for peace right but no one is rushing to the negotiating table on all sides by. well. the resumption

of talks have totally unfortunately field because the americans have asked us and the israelis to start proximity talks which we did direct talks which we did in direct talks which we did and they sailors have decided to end the freeze of settlements and what they're called the moratorium on this issue has totally bush the whole talks into total collapse obviously what israel wants today is maintaining the status quo as it is good day in which people believe that there is some sort of beast on the region but on the other hand israel is the only creating fait accomplis on the ground this is a situation in which president obama has called it unsustainable which is really unsustainable but unfortunately i mean even by companies that has said that the jewish settlements in the palestinian territories are an obstacle to peace they are not legitimate and so on we ask them today the european union the united states

israel is announcing the settlements and what are you going to do about it so i think this is the question for the entitlement community there israel is every every day violating peace agreements by evaluating international legitimacy evaluating all resolutions that it is really united nation the question is what is it that their international community is doing about it we hope that the international community does not continue to deal with israel as a spoiled kid of the of washington and this of european capitals all right well certainly all eyes on the u.n. as palestine drives for a spit on state hi dr mohamed thing your member of fatah central committee thank you for your time this. kosovo remains on a knife edge after nato reinforced its presence of the northern border with serbia anger boiled over on tuesday at the troubled track points when a dozen people were hurt in clashes as nato trying to dismantle the serb barricades

alexy are said ski is in belgrade. for now this simmering tension has calmed down from about two days ago and when stand at the situation still remains very tense and potentially very much explosive as we understand the serbs are reinforcing their checkpoints their manmade checkpoints and the key for nato troops are pulling more soldiers to the front line to the place where the borderline were placed with where the clashes have been happening for the past several months now on tuesday night another clash happened at the checkpoint at the course of a border with the border between kosovo and serbia and there's still a great deal of controversy surrounding this incident because of the sides are playing a blame game and nobody knows who to blame for these attack while nato troops are saying that there was war the course of the serbs who provoked the attack at the

same time the nato troops are saying that they used rubber bullets and gas grenades and tear gas grenades against the attackers and while we have reports from medical services in the area that the injured were delivered to the hospital carrying gunshot wounds and so it is really hard to say what's true and what's false in all this story and who is so blamed for the tuesday's incident meanwhile there has been a very sharp response from belgrade releases events in the north of serbia show two facts first that it's about to set up customs around what they think is the independent state of course a bit on the other hand they show that there are international unions and a whole number of states that approve of such intentions and prishtina we are facing a situation here when international forces deployed in kosovo in fact suit the needs of prishtina instead of maintaining a neutral position this is why some abuse against it this has been happening ever

since july in fact every sense of the cost of the police set up roadblocks on the border with. through and third be enforcing a trade embargo preventing the sale of goods from the mainland through a view to the serbs living in the course of a definitely these areas now remains in high tension just as the whole region and the has been very sharp responses on the international level with in particular the russian foreign minister saying that this particular dispute this particular incident discouraged allies is the situation in the whole region and would lead to a very serious consequences. for in-depth coverage of all our stories and much more check out our website r.t. dot com here's what's on the line for you right now if there's any truth to the rumors of colonel gadhafi he's certainly earning his air miles at the moment with sightings in different countries on a daily basis he has its very own take on where the missing moammar might be hiding i don't mind for more. plus former ukrainian prime minister yulia timoshenko is

back in the dock after a two week break and she's clearly on the happier for it go to r t dot com find out why and don't forget to check out our youtube channel for some of the stories you might find anywhere else. but a little later a financial terrorist and shady deals as the kaiser report delves into the world of money and power after our business update with marina. hello and welcome to business here and i see a rush that's a bit heavy blow in the last sprouts of financial markets and last week the countries in the seas lost over ten percent which may force the worst performer among emerging markets but the space some weakness present an opportunity for bargain hunters well the sequence a pall of earth must go it's a cap so believe the us but invest in the. risky. taking into consideration

prices and lot of all this am is very attractive but the main point is that there is significant outflow of global money is supposed to hit the place right now according to the recent i am going to research paper around eight point two billion dollars from emerging europe and particularly russia is supposed to be getting off so there is a big opportunity for emerging markets being on the top level back now for big funds but unfortunately the more trying to be conservative and still be in cash and buying u.s. treasuries and rather than looking to your marriage market. in a second look at the markets now oil is higher trying to claw back from its biggest quarterly drop since two thousand and eight and that's with speculation that the next five european bailout thought bush was approved by german lawmakers they will support i put on a growth and real demand w t i instead of that around eighty two dollars

a barrel of all the front lines is that one hundred four dollars and one seconds. then they want us markets open higher after the news in germany and out of the expected economic reports in the country which show the initial jobless claims the climb to the lowest level since april pots both of them and the last legs have now a raised earlier gains and are traded in negative territory. the new york markets closed mixed with banks like commerce bank. and so citation are all gaining around gaining ground rather after what's the news from germany and the you want us let's take a look at the picture in russia markets and of the trade in session here on the high notes the arts yes gained over one of the half her sons while the my sex when up over it super science you look now at some individual sharp words on the my sex either john rangers game with almost three percent the company just received a five hundred million dollars credit. for operating purposes banking stocks were

no exception of it's a big game in about the same amount and that was after consolidating eighty percent of the shares of bank of moscow and bucking the trend was called either a spot scare after posting this a points in first half results the companies that profit more than halted soon ninety nine million dollars the rest are also across the pap it's all wraps up today straight for us. to be good pieces of news today one of them was the you know germany's problem in paris this expansion of the of the belmont fund which was expected to do both the positive nonetheless and later on what really got the market moving was good economic data coming out of the u.s. is better than expected the g.d.p. figures and the strong you know basically inflation was higher than expected which basically suggests that. the economy might be heating up. which are years is quite positive in this sort of context so rolling straight through the middle of

the market will and i are a piece of the bank of reserve you know two positive pieces of news shares of russia's top search engine yandex i've suffered the biggest fall senseless thing only last that there's a percent plunge sent the shares to dollars below the list price on the company's i.p.o. in may other let's say confidence has been knocked out as the company continues to lose position and its own markets google. plus other business news for now the headlines are next with a nice. it's. the. wealthy

british style. that's not on the type of. card. market why not come to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into cars a report on our cheap. twenty years ago in the largest country in. the surveys it. says. one hundred more. to teach began a journey. where did it take.