markets. find out what's really happening to the global economy for a no holds barred look at the global financial headlines to cause a report. police fired tear gas demonstrators in africa the nation is brought to a standstill with thousands of civil servants walking off their jobs in protest at a new social contract. the riot police i'm afraid is still out it's. all the latest details in just a few minutes. russia and china pull off the un resolution against syria saying the european draft was great on confrontation and of course the. unions joined the thousands of cross the u.s. voicing their anger at corporate money and its influence on the government at

a time of soaring unemployment. a very warm welcome to you this is the line from moscow with me. police of fired tear gas and protesters gathered outside the greek parliament building and the country has ground to a hold with workers walking out of jobs in a twenty four hour public sector strike and they're all furious at the government's policy of austerity cuts all flights in and out of the greek airports are grounded and hospitals for the meantime are relying on a bare bones in motion see stuff. live in athens for us under. police have started to climb down in the demonstrations that we've been talking for the past few hours are you and i've seen a thousand dispersed with tear gas what are you seeing now. well the name if you

can see the streets behind me outside the parliament building has more or less included have made to the protesters there in the central square he's still got a standoff between the protesters that are remaining there and the police i'm not sure how much of that you can see but the police have moved down onto the main or in the surrounding that square as well and the people there just facing them at the moment quite a tense situation still after we saw the situation escalating earlier when police did fire they take gas on these protesters that was after the team a labor unions in the country had led thousands of protesters on to the streets as you said protesting against your state's images here in the country now in the past couple of weeks leading up to this we've had a lot of announcements from the government that has only added fuel to the fire that is the anger here amongst the public we heard last week that there was an extra property tax that got passed and we saw some sparking of this thing clashes happening on tuesday night last week after that we did it in some additional taxes

the announcement that there's going to be thirty thousand job losses people and possibilities in their job after a year all of this has really added to the tensions here and that's been gearing up and as we said we saw that really boiling a very early on today so when it comes to the issue of eurozone bailout certainly greece has been on the receiving end of quite a few over two thousand and eleven we know for the few days ago the report was that greece will go bankrupt and i'm default on its loans then the greek authorities say you know no we can last one more month till november as a result the next tranche of eight billion euros was delayed how likely is it that could actually be received a billion euro because there are some people that are saying the more the bailouts or the slower the growth in groups. well absolutely the analysts i've spoken to here have been talking about a vicious circle that you know more and more money being thrown at the country that it's simply can't pay back in the measures that the government implementing to try

and please the international lenders we had a choice audit team here these measures simply i'm realistic really that the measures to plug that deficit be able to be reached and that sort of tax base solution has come under very heavy criticism that's certainly what a lot of the people who turn out on the street and they stand about because they've already had their salaries cut there's been a lot of job losses and with these extra taxes they simply can't afford to pay it's not that they're even protesting it anymore they don't have the money to eat lenders and e.u. as they need is certainly coming on the quickest is that we saw the greek prime minister just happen to visiting france in germany last week trying convince the public that they were also unhappy is just this growing unhappiness really throughout the year is a about the escalation of the situation and you know a lot of people have been pointing out that the prime minister of greece needs to be convincing these people and as we've seen today from the pictures in the images they're not convinced or to say something really at some point is going to have to

change and concerning what we're seeing at the moment to the usa is that this is spreading from that suffering to quite as the government spreading to the banks now we've heard that italy has been downgraded by b.d.'s saying that they've lost faith in the usa governments i mean that's exactly the sentiment of the people as well people we don't have to face now that the leaders against big wigs come up with some serious action to pull them out of this crisis now is really the question is will this square in public anger are we going to see this financial crisis needing it's a very serious economic recession is not just going to affect race and having seen the scene here today but the rest of the eurozone as well and so i want to match it with today's a national strike and it's only going to worsen the situation with a lack of taxes going to the gulf. thank you. i don't so bring in thomas tigers and from s.c.b. merchant of buying more details on this i thank you for joining us on the program today greeks have once again if you have taken to the streets protest leaders are

actually saying that the cuts. slowing the growth are not putting the country back on track in any truth to this. yes i think one of the sad things about this is said there's much more than an inch of truth to it most historical experience suggests that fiscal policy and i mean minister for recession is a pretty futile exercise and i don't think that it's actually going to help raiding the deficit to do more of that but of course we have to keep in mind that this is not just run for the benefit of the greek situation there's also a signaling effect here to show other countries that it has it because if you don't mind your your economics well. the head of the i.m.f. your program has come out to say july second about the greece should be revived because of slow reforms do you think i think it will actually get more bailout cash and frankly what's the point. where i think they hear your last comment here was was right to their prime there is no real point in keeping on with this bailout

exercise and i think over the past one or two months that's become clear to the euro system and the i.m.f. as well so i think that it may lay that we heard earlier is a very significant day when he said there won't be any more paid out payments to greece by that we need another four or five weeks before the defensive preparations for the creek to fall can be in place so i mean i actually would look at that as a as a step forward because they pale hours were obviously not working everybody knew that at the end of it they had still be in default doing the right thing and paying for the consequences instead of pretending it's obviously not a bad thing in my view so you're saying that a greek default would actually be a step forward that would be a good thing but what would i mean for greece and what would that mean for the euro zone. well obviously if it happens in an uncontrolled way it could be a very destructive event if there are no defensive preparations made in the in advance then that could cost the bank system other problem and cried dearly but i

think that that is what would be the reason why this is going to happen not right now but in four or five weeks he said then our friends take care of preparations under way to post of the defense is to make money available for bailing out banks and ring fencing the healthier column and save europe when this actually happens so when we live problem i could see with the bailout solution is set every single interest rate over the past year or two they all seem to believe that after the bailout there would be a default anyway so i mean that's just throwing your money down a black hole but i'm not through that and start dealing with reality instead so as you say the bailouts just do not work now the latest news out of italy is that that country's credit score has been slashed by ratings giant moody's i mean it's citing a loss of confidence in your own government so how how scared should other eurozone countries be if indeed italy starts to tumble. well that depends on how or how the situation evolves and it's really there's no reason why it should be

scared off a rating agency as such they're not bad dangerous animals but if it turns out that italy will go down this same vicious cycle of deflation that we saw in greece portugal and ireland then obviously this is something that all the conferees in europe should be scared of then they will just be the next in line but that's exactly why i think that line will be drawn in the sand now and that they will be a lender of last resort every level for its elite they won't be left at the mercy of the markets. and from a s.e.p. much in banking anything. thank you. you with r.t. now russia and china have vetoed a u.n. security council resolution on syria and the european back to draft called on to massacres to end its crackdown on protesters or face quote targeted measures that moscow and beijing say they're concerned it could pave the way for a libya style military intervention. reports from new york. russian ambassador to the united nations vitaly churkin said the draft was too one sided he

described the resolution as a confrontational approach taken by the european delegation and against the peaceful settlement to the crisis now this draft resolution was proposed by france with the support of portugal the u.k. and germany but the one part of the text that many countries seem to disagree with was that that called for syria to comply with the resolution within thirty days and it if it had not complied then the council would quote consider its options including unspecified quote measures and many council members including china russia brazil south africa interpreted these vague terms as leaving the door open to sanctions now of course russia's one is one of many countries that has

been opposed to international sanctions against syria ambassador churkin says moscow believes the violence should be stopped through internal reforms and political dialogue not external sanctions or military intervention such as the case of libya you bring you see what you wrote the draft resolution which was not to be was released on an entirely different philosophy the philosophy of confrontation we cannot agree with its one sided accusations against damascus we believe the threat of implementing sanctions against the syrian government is unacceptable this approach contradicts the principle of peaceful settlement a crisis based on common serious national going. to brazil india south africa and lebannon abstained from voting on the resolution but it was the united states that voiced. stream disappointment that the security council did not

alternately adopt the resolution moving forward russia and china said that they will be working on a resolution to gather that they say will be more balanced in the case of syria but now we do know that some council members long said not only the syrian government condemned for the violence but also a condemnation i guess all the anti-government protesters that may have been inflaming the violence that has been breaking out over the course of six months but that is a measure that the europeans did not want included in this resolution. reporting from new york by russia and china follows three months of heated debate over the disagreement of a security council but moscow is convinced that its action is justified let's hear more on this now more he's going to go through the standing by live here in moscow as there is russia's use of its veto a rare occurrence. it's indeed it's

a rare case that russia has used its power of veto since nine hundred eighty four it's been seven times only that russia turned to its last resort if you will and in case of syria russia felt it was necessary to veto that resolution to stall a scenario in yet another arab state similar to what happened in libya option the u.n. mandate to protect civilians the resolution on t.v. it was passed in march with russia abstaining from the vote but there monday it was quickly picked up by nato which sided with anti gadhafi forces called being dumped toppled and russia believes that in case the u.n. mandate was misused and this is why it has not to let that happen again. if russia and china have vetoed this resolution of what is it of course already is actually want to see for the crisis in syria. well just as china russia as well

told me the only two prominent members of the un security council were actively trying to negotiate a peaceful solution to the crisis in washington t killer has hosted representatives of board president bashar al assad and members all the opposition trying to notch them into the dialogue and russia things that when you have two sides when you have to arm to sides in a complex what you need to do is to bring them both under the same tent oh but the whole issue all this resolution on the syria i came up our trip and estimated over two thousand five hundred protesters have been killed in violent crackdowns on ninety assad forces since march this year official damascus claims that it's only fighting subba tours who've been killing their security offices and hundreds however our t.v. also possesses a video which allegedly shows that those anti assad protesters are actually

carrying weapons and using those weapons fire and we cannot very fight these small but phone footage which we're not showing. that these are indeed to answer to and to present just tougher test as they do not look like the street is only calling the president to step down so what russia is saying about it is a conflict where it's all because the violence has been carried out on both sides so if you only support want hard side in that conflict your feeling is sending out biased message to one side in these cases to opposition forces a message of strong support which will only fuel more tension inside the country. but if you're showing just the human rights groups around the world are trying to all see the civilians are being killed by assad's regime according to divide both civilians were very well and be. sure how things progress over thank you.

well russia and china may see eye to eye in the un but security issues are homo causing concern still ahead for you this hour here on r.t. across the border espionage russia's air defense secrets are safe for another day after special forces capture an alleged chinese spy digging up details on anti air weapon systems. and a top military commander says u.s. troops well into your an extended stay in afghanistan the mission calls for a prolonged approach. you with are to live from moscow now in the united states the occupy wall street movement is gaining support and daily basis labor unions have also joined the chorus of disapproval all the way from l.a. to d.c. thousands upset with the state of the economy and the government's inability to turn things around protesting for a third week and as a run on a calendar reports they are determined to be heard. we don't like that

not just creating more pain we're not very more perhaps and i think people are taking us to. more than a cause and people in los angeles. chose to stand in solidarity with the occupy wall street movement. at city hall the very visible center of government in power. demonstrators worry that the one percent who control most of the nation's wealth have gained a stranglehold over the u.s. government alexander hamilton you know refer to the people he was so afraid of as the great peace in the great peace as a way people of all walks of life had turned out for this mass ministration here in los angeles now a lot of the protesters here say they've gotten their inspiration from the demonstrators in new york and in athens and others are inspired by the revolution of egypt now there's still much debate about whether this is part of that revenue scenary movement here in america but one thing that people can agree on is that

some drastic changes need to be made as to how this country runs from the east coast to the west coast and a growing number of places in between a collective anger is unifying people. in the windy city a group has been demonstrating outside the federal reserve bank in chicago for more than a week in boston a tent city in the heart of the financial district means occupiers can voice their discontent with corporate greed twenty four seven and. despite dozens of arrests demonstrators intent to show that democracy does not and that the ballot box families have also been marching in denver and san francisco demanding radical change from the law who to olympia to omaha to orlando according to the occupy together web site protests are being org. in more than one hundred cities when thirty by standing behind are worth

a revelation i believe that china got. them well it is recognizing that doesn't work despite mainstream media down plain and even really killing the movement supporters have faith the message will be understood you saw what happened in london they tried to make that out about a bunch of people who were just. you know bad apples that's humanity you know he's got them something is wrong already bruised by soaring unemployment poverty and foreclosures the middle class are now being told to tighten their belts leading many americans to finally find their voices but probably beginning bigger it looks like is spreading throughout the country and you know they had the arab spring and you know hopefully we have with us in los angeles. archie. yet he is coming to you live from moscow now russia's federal security service has revealed it's been holding

a suspected chinese spy now the man identified as it. faces charges of attempted espionage and trying to obtain information on russia's. if i stayed house. authorities say that this is a chinese man who works here in russia as a translator for official chinese delegations and now he's accused of trying to bribe his way into getting access to secret technical documentation on the ass of three hundred air defense systems these are all security service says no past is the case over to a more school board actually it's reported that he was arrested just around a year ago but it's not all we know that the case has been passed over to pour out the story into the media out the moment there's been no official reaction either from the chinese authorities or from the foreign ministry here in moscow but it's interesting that russia used to explore to be r.'s three hundred air defense

systems to china because she's actually certified to produce them all and so. their production here in russia has been recently fully suspended with the more modern and advanced sounds four hundred and five hundred air defense systems taking their place. right there he was reporting of course on the arrest of a suspected chinese spy in russia you can find more on that and all of the other stories of course r.t. dot com here are some of the other ones waiting for you online right now russia introduces chemical castration for pedophiles to counter the increasing number of sex crimes against under-age victims i read the whole story at r.t. dot com. and just plain silly one vides a spectacular show at a festival in australia flying straight into eight ferris wheel and a whole story online for more videos just visit our you tube channel.

ten years four hundred billion dollars and thousands of lost lives america's war in afghanistan seems to be no where near an end at this point and the top u.s. commander has now admitted that american troops will stay far longer than expected ninety thousand soldiers currently are deployed in the country and they're set to start withdrawing by two thousand and fourteen general john allen said the exact number of troops to remain is yet to be discussed with the afghan authorities but their role will be strictly an advisory one however year vandyke who has written extensively about afghanistan says the u.s. has a wider goal and it's not likely to leave anytime soon. there are many reasons why the united states and its allies but particular united states will stay in afghanistan and the first of all is that the war is getting worse or more i e.d.'s according to the un that is to say mines have gone off in the last few months and only four more u.s. soldiers and marines are dying there are more casualties civilian and military than

any time in the ten years since foreign forces have been in afghanistan and also the afghan national army and its police forces are not ready to take over you have a twenty four percent desertion rate in the afghan national army now and the united states is left. to american contractors to build. in various air bases around the country and shin bet in the in the west perhaps to watch for its air flights over iran in was a sharif in the north perhaps watch former soviet central asian republics in kandahar in the southeast perhaps watch pakistan the united states does not have any intention i do not believe to leave in the short term there are many who feel that to surround iran perhaps soft containment of china nato and its allies i don't think are ready to leave this very volatile region united states does not want

pakistan to try and make afghanistan a satellite it's a very complicated very dangerous area and i do think that u.s. forces will be there for a very long time. with the latest from the. story the russian markets are struggling to make any gains on wednesday about the spike stronger crude prices and growth in europe and the united states russia has taken a big hand during late. nights this pulled a cash out of risky locations but analysts say have a double dip recession is avoided and merging markets will outperform. emerging markets in general are much stronger fiscally they have much stronger growth that is expected in europe in the u.s. and corporations in emerging markets such as russia and elsewhere are also much stronger so you know i think it's for now investors are simply wrapped up on the

concerns that we could get a catastrophe if we can avoid it if asked if we now looks more likely than i think once we settle down we will see more money coming back to emerging markets faster than to develop markets. the latest markets will have many investors scratching their heads over where it's appropriate money just in and steve from merrill lynch they just infrastructure projects a lot from the prospect of some stability. when you look at a lot of infrastructure projects attraction of them is they may be emerging markets but ultimately they are the gateway to global trade whether it's passenger traffic the freight traffic around i think a lot of investors see that as a as an opportunity on the vultures of these projects so when we've probably all companies they tend to be great ways to to global trade and therefore best to say about investing in domestic infrastructure but most of us are going to globalization on the opening of that market to new investors new companies overseas so it's an interesting way to play an emerging market but also to do risk it by investing in a company providing infrastructure to support both in force and actual trade.

signal to the markets now start with commodities oil is in the blood the first four after report that u.s. gas gasoline those stockpiles top five million barrels last week futures are rising both for bread and light sweet bread desert over one hundred one dollars per barrel light sweet seventy seven and a half. here's the opening picture for the u.s. markets actually did open in positive territory they are however cautious ahead of the release of an index on non-manufacturing to the team in september the dow jones up just point one percent. in europe markets are also bouncing higher as investors disappointing dates on the labor market in the services sector bank stocks are among the main advances folding in late rally of course on wall street and the now open to close the territory u.s. markets among major lenders shares a boy should bank are up five point four percent and people ribeyes up six point

three percent entire. right around twenty minutes before the closing of the session the markets are mixed the r.t.s. down point three percent a nice buy just a notch so if you look at some of the main movers on the my sex energy majors are still showing a mix dynamics gazprom down one point seven percent lukoil up by just point three percent despite a strong rebound in fruit banking stocks also not following in the footsteps of the global counterparts for banks still down point eight percent. so russian equities are still easy they're shedding their value with the negative sentiment raining pretty much all of this week you're going to get your eyes of it off the capital believes investors should hold out for a further correction before buying unfortunately what we have seen is that investor for us was scant little on the european problem we didn't see any support of the

market from. positive smacker data except for short term support and as far as russia are concerned it's definitely a son who chart flows. really pushing the market we do not feel it's a good idea to transfer the market at until we see a market bottom in art so bad so it is better to wait for some consolidation probably to miss some portion of profits from the on the way back down to. buy now and get some other terms of fifteen percent loss however here we all have to look at it every european authorities said the solution of this problem because it's the major driver for you for global markets business i think will be back around fifty minutes time when that they'll see that.

the. man in russia would be so much brighter if you knew about sam from first impressions. meet for instance on t.v. don't come. wealthy british style.