it's eleven pm in moscow this is our two coming to you live from nice and now with 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 whopping two hundred and eleven billion euros worth of loans well 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 patience is running out amongst the people here in greece take your bat 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 unemployed to the government's austerity measures one of the implementations 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 so

you can see the ban is that the ban on the finance ministry itself saying we want life the people here a feeling that the measures that the put in place are simply stifling them and that realistically that is too high a price to pay so it is certainly a different reaction to the positivity we saw after that positive vote 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 not currently the greek debt stands at around three hundred forty billion a year and the germany very taking to extend the size and power of the bailout fund that would now stand at four hundred forty billion euros which of the two hundred billion would be called cheated by germany who ready the single biggest contributor to that fund we know that's caused us and discontent among the german public i know when i've been

a crash is playing for not yet because there are still countries that have to fight and i take seventeen countries and as he said the way that that's being received here amongst the public is with some skepticism they said a lot of people are saying that they've either you're using leaders as a part of the problem or this whole year is a financial crisis and so they're asking how they can be the solution and also there's a lot of mistrust head because the people here's someone telling me today that this isn't a case of things getting worse month by month whole week by week even. day by day things here getting worse for the people but tomorrow we're going to see the deadline but we see people outside the finance ministry. banning the taxes that they've been given they say not only do they not want to pay this they simply can't pay they day to have the money anymore a lot of disappointment in the government we sold the protests and clashes break out between the riot police and the protesters on cheese day after the filth the

property tax was promised say that the incessantly a lot of discontent still among the people say with the next round of money to be decided on next month and with the telephone being extended what people here is that is that nobody should they will not cash they feel that the measures being taken at too harsh that is poisoning the patient's age speak and they don't know whether this bailout funds going to be met a scene out of the country or whether taking that money is going to be drinking from the poison chalice. well it's now bryggen and you know just sort recess. sociology i should say professor from the university of the energy and in our hands 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. we're grik society is freezing continuing source of disaster we are hearing about your story the measures

everywhere new tax hikes new decreases in public sector pay one of the same time there has been. great that unemployment i mean we're in a very severe recession greek economy contracted this during the second quarter of the thought that it's minus seven point three percent and there is no end in sight for this crisis a. vicious circle of course third thing and even more do. and underneath we can see no light at the end of the tunnel for this thing a first time after many decades greek families they are very great family is facing severe economic difficulty and all forms of social solidarity especially into dinner ration of solidarity we've seen it family are running out. not to kill their children and young couples are facing great problems people especially of course

who have that private are also facing very very big difficulties and for example hold this paper what the moral are not going to pay for this extra time i'm not just going to do it out of a protest out of but also because many of them can not actually afford this 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 unbe i.m.f. lead one way or the other to some sort of default some sort of moneths default but this default is going to be accompanied by newest even house or austerity mr some sort of so symbolic but it is on the other hand i think that does a society as

a country we have the times to default on our own our own terms which means immediate stop of payments to the debts immediate exit of greece from the euro zone from the euro and of radically different fully see all of nationalization of banks capital controls and the redistribution of income told the lower taxes there's no other way oh out of this situation except but the default now or in our own terms if greece does get more bailout cash and it says if it does it can finally pay its way out of this mass 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 this hope that the new bailout package was on their way. come september and the blackmail starts from the part of the european union concerning the last payment of the previews bailout package so if

there's a future for a country more and more bailouts its bailout been a company and by extremists there at them is there's the demand for a complete state assets and then again more austerity more recession. devastation of the productive capacity of this country i mean this is a vicious circle something. it's must cope it cannot go on forever and i think that it's not just you know some sort of monetarism simply from the part of the european union or some sort of you know that's a i mean liberal look there's a i think though there is also another agenda i think they won't some sort of great internal social devaluation. in order for it to be turned into a simpler berth no holds barred every investor. but this is not

not a future for a god or for its people for whatever offensive against the lift. but i got this sorceress to live with us on the line from athens sociology professor from the university of p.s.g. and thank you very much for your analysis. anti gadhafi fighters have taken control of the airport in the fugitive colonel's hometown of sirte the last stronghold of his loyalists well 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 blaming nato for only adding to their problems antiwar 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 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 for the domination and control of the oil of libya at a time of enormous and growing economic crisis in europe and in the u.s. 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.

well for you in just a few minutes here in our to 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 after next served in the balkans the kremlin is concerned nato is taking sides are to report certainly from belgrade. well it's china's turn to stake a claim to the stars as it launches its first orbiting laboratory nicknamed heavenly palace the unmanned facility will boost beijing's 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 all bitting drum is going to be there for at least two years and china's intention at

the moment is to send up spacecraft later this year which will dock with it and show that the really is a capability for a sophisticated space program but trying to complete 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 u.s. 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 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 ambition and money might see attitudes change here. well so 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 nasser is concerned to put another. to bring in another and 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 we answer that question all right dr patrick fuller from capital science consulting thank you very much for your analysis. there in other news the wheels are turning at the u.n. security council as the palestinian say a 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 antagonized most of the korbel community by authorizing more settlers homes into eastern lucilla. and meanwhile the european parliament has thrown its voice behind the palestinian sovereignty drive saying statehood bid is

the gym it however even while makers believe palestinian statehood should result from negotiations during the current u.n. general assembly session let's get more on this from dr mark hyman who 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. bid is the judum it will help swing the security council's vote your way. why love course is very important what the it'll be saying because. you're going to come through to other members of the security council and i think it's an important message for us that are present at the vote of the european people of seeing blood on the clear out of this move to the united nation is very legitimate and we hold that this will reflect itself on the voting by the european governments and brought up to a lot of. france and britain but do you think israel and the us will hear that loud

and clear words of support for palestine. well i think they're israelis they're here a bit better clearly as well as the americans they hear a bit in the general assembly president obama's in has received seven standing ovations it was very emotional moment at the general assembly gave him a standing ovation it was a very important rush on top of everybody as well as china they were very very supporting go by our move and we received messages of support from the russian federation and i think the international community in africa latin america. have 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 the peace process and we have seen today that netanyahu the prime minister of israel has really given a slap on the face of the proposal that has been put forward by the water in which

we called for the resumption of talks between the two sides israel has declared of . that is going to construct a one thousand one hundred settlements 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 saw yes i think the international community and israel and the united states they hear it but it clearly what the international community wants they want end of a freeze of settlements resumption of talk of talks on very clear terms of reference in a healthy environment for peace right but no one's rushing to the negotiating table on both sides here why. well. the resumption of talks have totally and unfortunately field because the americans have asked us and the israelis to stop the proximity talks which we did the direct talks which we

did in direct talks which we did. and they 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 is a long day 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 is 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 the companies that has said that the jewish settlements in the but as you know that there is 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 seven months what are you going to do about it so i think this is the question for the entitlement community there israel is every day violating the months by evaluating international legitimacy violating all

resolutions that are related to united nation the question is what is it that the international community is doing about it we hope that the international community does not go into new to deal with israel as a spoiled kid of the of washington and some european capitals arrival certainly all eyes on the u.n. as palestine drives for its bit on statehood dr mohamad chatah thing your member of fatah central committee thank you for your time this evening. because of all remains on a knife as after nato reinforced its presence at the northern border with serbia anger boiled over on tuesday at the trouble checkpoints when a dozen people were hurt in clashes as nato trying to dismantle the barricades alexy ourselves is in belgrade. now this simmering tension has calmed down from about two days ago and stand at the situation still remains very tensed and

potentially very much explosive as we understand that serbs are reinforcing their checkpoints their manmade checkpoints and the k. four and nato troops are pulling more soldiers to the front line to the place where to the border line where where the clashes have been happening for the past several months now on tuesday night another clash happened at the checkpoint and at the course of a border the border between kosovo and serbia and this still a great deal of controversy surrounding this incident because the sides are playing a blame game and nobody knows whom to blame for this attack while nato troops are saying that there was war the course of a service 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 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 and all this story and who is to blame for the tuesday's incident meanwhile there has been a very sharp response from belgrade of course the latest events in the north of serbia to facts that prishtina is about to set up customs around what they think is the independent state of course on the other hand they show that there are international unions and a whole number of states to do prove of such intentions of prishtina we are facing a situation here when the international forces deployed in kosovo in fact serve the needs of pristina instead of maintaining a neutral position this is why serbia is against it this is been happening ever since july in fact every sense of the course of the police set up roadblocks on the border with. so and serbia thus enforcing a trade embargo preventing the sale of goods from the mainland serbia to the serbs

living in the kosovo definitely these areas now remains in just as the whole region and in has been very sharp responses on the international level with in particular the russian foreign ministry saying that this particular dispute this particular incident destabilize this the situation in the whole region and could lead to 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 colonel gadhafi is 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 and online 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 to find out why and don't forget to check out our you tube channel for some of the stories

you won't find you around. a little later 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 heavy blow in the last spouts of financial markets turbulence and last week the countries in the seas lost over ten percent which made russia the worst performer among emerging markets but does this face some weakness presents an opportunity for bargain hunters well the c.e.o. of a tap so believes that the us but in the best analysis those would be risky. taking into consideration prices and level this. is very attractive but the main point is that there is significant flow of money is supposed to hit the place right now according to the recent i.m.f.

research paper every eight point two billion dollars from emerging europe and particularly russia is supposed to be get all so there is a big opportunity for emerging market being on the top level for big funds but unfortunately the more trying to be conservative and still be in cash and bind us treasuries and rather than looking to emerging markets. 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 and the expanded european bailout fund which was approved by german lawmakers today will support economic growth and fuel demand w t i instead it got around eighty two dollars per barrel while the front lines is at one hundred four dollars and cents. then the u.s. markets open the whole year after the news in germany and other better than expected economic reports in the country which showed the initial jobless claims

the clients are the lowest level since april bots both of them. have now a raised earlier gains and are trading in negative territory. in europe markets closed mixed with banks like we have and so citation they're all gaming around gaining ground rather after what's the news from germany and they you want us let's take a look at the picture in russia markets end of the trade in session here on the high notes the arts yes gained over one of the half percent of all the my stocks were not over two percent and the look now at some individual share moves on the my socks other g. majors again with almost three percent book opening just received a five hundred million dollars of credit. for operating purposes banking stocks were no exception all 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 of us call wind out a spot scare after posting disappoints in first half results the companies that

profit more than halted soon ninety nine million dollars douglas are also what also happens all wraps up with a straight for us. well i mean the two big good pieces of news today one of them was the you know germany's problem in paris this expansion of the belmont fund which was expected to do both 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 to g.d.p. figures and strong you know basically inflation was higher than expected which basically suggests that. the economy might be heating up. which i guess is quite positive in this context so overall we expect. the market will and i are in a piece of the on the bank of these. two positive pieces of news. shares of russia's top search engine gand that have suffered the biggest fall since less than on last

that there's a percent plunge sent the shares two dollars below the less price so in the company's i.p.o. in may out of the say confidence has been knocked out as the company continues to lose position in its home markets google. plus all the business news for now the headlines are next within the. wealthy british style. is not on the tires.

market why not. come to. find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune into cars a report on r g. twenty years ago in the largest country. to certain places of. what had been trying. to teach began the journey. where did it take them.

to artsy live from moscow i mean it's now i have read headlines germany gives the go ahead for a hugely inflated hero. zone bailout fund to prop up its currency colleagues if this greece tries to convince the e.u. and i.m.f. to release more emergency cash. and to gadhafi fighters have taken full control of the airport in the colonel's hometown of syria meanwhile residents are fleeing the violence accusing nato of hitting their homes. and china heads for the have the launches that ambitious space lab the unmanned facility will test the waters ahead of the country's plans for its own space station. next razor sharp and ready to bite max and stacey take on the banking titan.