so levin i am in moscow i am not treasurer good to have you with us here on r t our top story kicked into action by a market panic unseen since the financial crash of two thousand and eight the german government scramble to approve a massive expansion of the use them urgency bailout fund new measures mean personally guarantees an astronomic contribution of two hundred eleven billion euros most analysts though agree that more must be done to prevent a highly anticipated greek default from shattering the euro zone even negotiators also return to athens to restart talks on future bailout payments the government's last chance to evade a collapse later this month as artists are a fourth reports about the fuel for the greek government's well lentulus austerity engine may be running out. greece has been the pace the child of the year. with germany to expand the belo the country looks that's to get that much needed cash injection with the help come with some conditions and here in greece the people say that the price being made to pay it simply too high spending that.

is deadline day for the first to be hit with the greek government special tax is one of the measures they kiss in place to try to secure the next tranche of money the country needs to avoid bankruptcy the extra tax which is thought to deduct about another three percent from people. supposed to help plug some of the massive deficit in the budget more than a year is salary cuts and rises in living costs people have already at breaking point in the last two years. eric says from the opposition movement entitled we wait to pay he tells me how the expanded rapidly in recent months as more and more people hit that financial wall before. to protest against the no unjust situation

no there are thousands and dozens of people who will quickly because. people's desperation has become increasingly evident on the streets of greece the violence is repeatedly play can out between riot place and protest as she's a nice even more clashes parliament again fated in yet another austerity measure in the fall of any property tax very aware organizing all of this. to put greece on. just for political reasons. greece and critics do not need the i.m.f. many people in greece now question just here it is the thing control unfortunately today very a leaders in your resume are the bankers. bunkers being shareholders are being. called again and again and again

are the. taxpayers in the eurozone despite germany having dated positively to expand the size and power of the year pin panned out to fund already critics are questioning whether that will be enough insights now turn to the many challenges usain still faces the problem who will move from greece and will start touching crowther european countries then the german banks to the end for sure. about the. euro being you know. will be affected if the problem will not stop you will find a solution not just for greece but for all the european union countries with pos measures failing to have the. political leaders continue to struggle to convince the public the future of the eurozone still hangs in the balance but these protests

. continue many people have the greece's economy now at risk of having not only a financial but a democratic deficit as well sir. outside the parliament building in athens. the e.u. may be hurling billions that are things to prop up its economy and create the appearance of stability but the greek crisis has now grown too big to be contained according to penny out a satirical sociology professor in athens. i think that the 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 e.c.b. and the 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 hans or austerity measures or some sort of social barbarism for example we had this summit meeting on july

twenty first and there was all this hope that the new bailout package was on the way. come september and the blackmail starts from the part of the european union concerning the last payment of the previews bailout package its bailout been accompanied by extremists terrorism is theirs and the demand for a complete fillets of state assets and then again more austerity more recession and the devastation of the of the productive capacity of this country i mean this is a vicious circle something this must stop i think that as 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. latest updates.

twitter stream that's at twitter dot com r t underscore. egyptians are bracing themselves for more protests on friday hoping it will attract millions of people dissatisfied with the way the. mubarak public anger as. a political party. has more from cairo. this was we knew that change had come to egypt

a new chapter of freedom and democracy don't judge a book by its cover when reading post mubarak egypt it's between the lines where you'll find the new chapter hasn't been published ended or slightly revised we still have the supreme council of the on pour so those are all orders i cannot say that they have been. in any sense getting this country towards democracy barak may be gone but his policies are not the hosni mubarak's case is ongoing at this tribe you know new figures from human rights watch claims more civilians have been forced to face military trial for the last six months some twelve thousand during the entire thirty year rule of mubarak average civilians are giving five to you know seven years in prison a lot of torture has occurred since skaf has come into power. actor

doesn't clown around when it comes to the supreme council or skaf he has taken part in protests since day one and still has scars from being detained because the books are much worse he said very long they told people they had to stick at home me for months after that i was shot for the study of pizza with a baton ahead least only because i'm well known and now not allowed to leave the country for thirty years according to know if i have to seek asylum but all stay and fight for freedom like mubarak skaf gets the support it needs to rule egypt from brawn to the aid that we get from the us that one point five billion a year the easier to seize from from the usa and most of it entirely goes to the to the supreme court to the to the army you know the scout and while the westboro. history books will change for the better the arab spring is

a massive opportunity to spread peace prosperity democracy egypt since our left reading the writing on the wall in many areas it's a bit same as before going to fare from in some areas is getting more worse and he's now a r t congress. with freedom and democracy still allusive in egypt the future for libya is also clouded in uncertainty. there will be a new government that will not necessarily be more democratic or more humane but will be an ally or i would say in fact a proxy. coming out later this hour while libya's interim government struggles for full control of the country skepticism surrounding the benefit most from the revolution starts to creep in. and the shadow of an eminent u.s. veto clout of the palestinian bid for statehood at the u.n. security council as i guess vote looks all but certain. but first the standoff

continues in northern kosovo with local serbs reinforcing their barricades and nato calling in more troops to the area tense relations between serbia and kosovo plunged to new depths tuesday after nato forces tried to dismantle barricades causing file in clashes with serbs the roadblocks were set up in july when kosovo authorities tried to seize checkpoints to enforce a unilateral trade embargo artie's alexei or chefs he has more. now i'm standing beside one of the manmade barricades one of the manmade checkpoints created by the . destined to come out of both the k four and the cost of police forces from the serbian part of the village as you can see it is pretty calm now here with people sitting by the fire waiting for something to happen being on guard every minute but there are certain indications that the tension is mounting in here in this region with both the course it was reinforcing their checkpoints these piles of sand they put here to block the road look quite fresh and we also have information that from

the local from the local people here reporting that the nato forces are pulling additional troops to this site almost every day now this comes just less than forty eight hours after simmering tensions here lots of clashes between the and the k. four forces at the border checkpoint the border between kosovo and the serbian mainland and those clashes as far as when to stand a lot more than eleven people being taken to hospitals there are certain deal of controversy surrounding this incident with nato pointing finger at the consulate service for provoking this incident at the same time saying that it had to use rubber bullets against the attackers and gas grenades as well at the same time we have information from the local hospitals and from different medical sources around the region that all the people who were injured in these clashes were delivered to hospitals carrying gunshot wounds but here last since july when the cost of

a police force decided to put up checkpoints in order to enforce some kind of training bargo to cut off the course of the serbs from the trade posts in the serbian mainland and the local civil service reacted by saying the barricades the manmade barricades around the border and certainly the clashes have been happening here ever since this situation has. pretty much word belgrade which has come up with a very stern response to the events happening here at the border. post the latest events in the north of serbia show two facts first that prishtina is about to set up customs around what they think is the independent state of kosovo on the other hand they show that there are international unions and a whole number of states to deprive you of such intentions of prishtina so we are facing a situation here when international forces deployed in kosovo in fact serve the needs of instead of maintaining a neutral position this is why serbia is against it the events here of course also

cause very loud international reaction with the russian foreign ministry expressing its deep concerns over what is happening here saying that it may be may seem to be a very little dispute but in fact it could destabilize the situation in the region which is already been subjected to a great deal of stress and it's already a melting pot. artie's alexei are reporting from kosovo will stay with us here on r t there is plenty more coming your way and you can always find much more on r t dot com here's what's a click away right now. if you missed the frankfurt motor show no worries just hold it head on over to moscow where government officials have managed to blow more than one hundred fifty million dollars on luxury cars. at a police officer was attacked by a muslim man in brussels after he demanded the man's wife remove her veil full story on that r t dot com.

libya's national transitional council says it won't form an interim government to the whole country's liberated and forces have already taken the airport in the fugitive colonel's hometown of sirte one of the last remaining could offing strongholds reinforcements have also been called in and ready for a fresh assault in the face of strong resistance and civilians continue fleeing the besieged city anti-war activist and director of the answer coalition brian back to nato may only be adding to the country's problems. clearly they're not protecting civilians when they're bombing cities that are considered to be procured offie when they're killing people not because they've done something wrong but because their own political beliefs are contrary to what nato wants in terms of the kind of government they want for libya so i think that they need to be brought to justice i

think though unless there's a very strong international movement for human rights in this instance i think it's unlikely they will be brought to court but the goal of the nato powers is to carry out regime change so that the khadafy government is gone once and for ever and that there will be a new government that will not necessarily be more democratic or more humane but will be an ally or i would say in fact a proxy a client perhaps a puppet of western powers in this country that has the largest oil reserves in all of africa the ninth largest oil reserves in the world i think that real goal of the nato powers is that take control over libya's vast resources which we know are a great treasure. palestinian bid for statehood has made a strong start at the u.n. security council with up to nine members the required number to pass the vote promising their support the bids already been forwarded to a special admissions committee for approval before

a vote observers say it's at this stage the us is most likely to attempt to stall the process in an effort to avoid having to veto it critics say such a move could be a big blow to the country's credibility as mediator among the international bodies endorsing the bid the european parliament which is called the palestinian quest for statehood a legitimate target meanwhile israel has provoked criticism from much of the world community after approving more settlements in occupied palestinian territory a senior official tells me that unconditional u.s. support and aid are a major factor in israel's behavior. it's very important what the you will 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 a business that the vote of the european people saying loud and clear out of this move to the united nation is very legitimate and we hope that this will reflect itself on the voting by the european governments and but of to

a lot of. france and britain the americans have. stopped. which we did the direct talks which we did the indicted 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. stephenville companies that has said that the jewish settlements in the butt is an obstacle to beas the art of not legitimate and so on we ask them today the european union the united states israel is announcing the southern months and what are you going to do about it so i think this is the question for the entitlement community there is. every day value lifting the months by evaluating international. legitimacy value lifting the resolutions that are lifted to united nations the question is what is it that then the national community is doing about it we hope that the international community

does not going to deal with this that i will as a spoiled kid be a washington some european cup with those. is putting i hopes on the u.n. security council was peter lavelle and cross ta guest but the organization is credibility into question full program coming up in ten minutes here's a preview. if you were to propose a hypothetical that tomorrow the united states of the united kingdom decide to go on a war and the united nations security council doesn't give that you know there's a russia or china or whoever vetoing that particular decision then they decide to step so the united nations and go to war regardless what can the united nations do in reality they can do absolutely nothing and that is where the problem is we were absolutely i agree with you entirely because if i don't know that i should like it . you know because i do think before we become made to reduce this to a debate about whether colonialism still persists in attitude or fact one should not neglect the other half the other three quarters of the united nations which is

doing humanitarian aid around the world where the united nations is the central organizing mechanism for the delivery of food aid for famine for post war conflict . blaggard the u.n. using the security council as the only face of the u.n. whatever one's view is that it's a real reductionism i. i . i. election fever is due to go up russia with december's parliamentary vote followed by a presidential runoff in march next year president medvedev who does not plan to compete for a second term outlined his view on what the election means for russia speaking with the country's major media outlets. it's up to the citizens to elect and those are just words it's the truth any politician can lose an election along with his or her

political party in our country's history as well as other countries that's what's happened more than once anything can happen there's no predetermination let the citizens decide who has more authority it's our people who decide our citizens are able to highlight the key points either by voting for a candidate or a party or by turning them down that's what democracy is about. you can watch the full interview with russian president dmitry medvedev later on today on our team. china's during to stake a claim to the stars of launches its first orbiting laboratory dubbed the heavenly powers the unmanned facility has successfully entered orbit the barge or stay in space for two years marking the first step in china's plans for its own space station twenty twenty four a science investment consultant thinks the country has a means to quickly catch up with russia 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 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 show that the really is a capability for a sophisticated space program but trying to complete in place 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 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. bring in another man 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 already is this an indication that china sea an opportunity to be. stop an independent presence in space and then perhaps invite other partners on board so really interesting question it's as much political a scientifically also a question take a look now at some other stories making headlines across the globe venezuelan president hugo chavez is denying rumors of a setback to his health he was referring to a report published new us newspaper claiming that he had been hospitalized again the president said he was taking steroids as he recovers from chemotherapy after finishing his final round of treatment in cuba last week. one hundred thousand students have clashed with police in the chilean capital

demanding education reforms the protests now in their fifth month have shut down universities and some secondary school students and government leaders will continue talks toward a solution wednesday protesters to demand is that the government provide probably a public education. back with the headlines shortly but first kareena joins us with the business update stay with us. about them to business thanks for joining me this hour russia's economic policy will contain you more or less on the course set by alex a cauldron as speaking exclusively to business deputy finance minister sergei star trak explains the government's thinking in the wake of the shock sacking of his boss. butyl was amused if you look at a little bit of history you won't slow chief the first deputy prime minister. agrees with exponents mystic who'd written on the key issues he says that all those

parameters of the state budget for next year which would develop and will remain and that he would not let the ministry agree to any moral obligations. let's take a look at the markets now oil prices are heading up on expectations an expanded european bailout fund will support economic growth and demand for fuel like sweden is trading at eighty two dollars a barrel and brand as at one hundred and four dollars a barrel and shares in nature mostly lower on the final day of a reporter with best trading nervous trading nervously ahead of the developments on debt crisis meanwhile latest report on japanese industrial production will give some support to steel makers both nifong steel and cover steel are almost one percent hong kong's hang seng is down over two percent as the best to play catch up with the rest of the winter after a typhoon closed markets on thursday and on shows are long complained of traders with industrial commercial bank of china losing other five percent. european stocks

open lower at the foot sea is almost one percent down on the german dax as one point three percent in the red and here in russia stock markets decline as signs of global growth slowing outweigh advances in crude oil the country's biggest export are the r.t.s. lost over one and a half percent down one point two percent this hour let's take a look at some individual shelves of my six energy stocks and financials are under pressure would. be losing one percent bucking the trend is falling metal supported by stronger precious metals and douglas roll set world capital believes that investors should still take a look closer at the well and banking stocks for a good bet. will companies will rule the good but right now given the room mission have a double benefit from their margins from most of the group moved there or their export revenues are denominated in dollars which means that the should have an

exceptionally good quarter of this quarter the they're also i think quite cheap after the recent so off also will russian banks i think is something else is worth looking at you begin because there are other quite cheap they're trading you know very little multiples against against book they've been hit harder than most stocks in the recent so off and it's also something i would do look at specially if there's some resolution coming out of the e.u. ministers meeting early next week. russia stop such as an ganda ex has bought a ten percent stake in its american rival startup blekko the fifty million dollars deal is considered as another step in the company's for expansion is market entry coincides with reports the company continues to lose position and its home market to google. and it looks like moscow is improving its positions as a financial center at has climbed seven places in the rating of the world's most

influential senators by the british that again however despite the improvements it still languishing in sixty first position overall the rating is led by london new york. that you had about the way the quality of education human resources financial regulation at the level of corruption compiled it's legal. and that's a business update for this hour do join me in about forty five minutes from now for more here at the start.

we'll. move. to. sleep. see. see.

eleven thirty am in moscow yes you are the headline germany's parliament rushes through a drastic increase in the bailout funds powers as greece finds itself crushed under the weight of precedented austerity. serbs refused to dismantle their barricades on the on the us. kosovo border despite nato bringing more troops to the area. china rockets into space history as a launch as the country's first orbiting laboratory with plans for an even more ambitious project down the road its own space station. and debate is taking off up next as peter lavelle and guest discuss the credibility of the u.n. that's coming your way in crosstalk stay with us.