a very warm welcome to you this is r.t. live from moscow with me research a police of fired tear gas and protesters gathered outside the greek parliament building 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 emergency stuff. live in athens for us and sarah hi police have started to climb down in the demonstrators that we've been talking for the past few hours you and i have seen a thousand dispersed with tear gas what are you seeing now. well at the moment as you can see the streets behind me outside the parliament building have more or less been cleared of most of the protesters but in the central square you 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 into the main or

in the surrounding that square as well and the people there just facing them at the moment again 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 in labor unions in the country had led thousands of protesters on to the streets as he said protesting against your stereo image is 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 have 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 at the same clashes happening on tuesday night last week after that we need it in some additional taxes the announcement that there's going to be thirty thousand job losses people put on reserve and possibilities in that 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 bailouts are

certainly greece has been on the receiving end of quite a few over two thousand and eleven we know for a few days ago the report was that greece will go bankrupt in mid october and default on its loans then the greek authorities say you know no we can last one more month till november but as a result the next tranche of eight billion euros was delayed how likely is the that could actually be received the eight billion euro because there are some people who are saying the more the bailouts of the slower the growth in greece. well absolutely the analysts i've spoken to here have been talking about a vicious circle you know more and more money being thrown at the country that simply can't pay back in the measures that the government implementing to try and please the international lenders we had the choice audit team here these measures simply unrealistic we needed the measures to close that deficit be able to be reached and that sort of tax based solution has come under very heavy criticism

that's certainly what a lot of the people who turn out on the street are most angry about because they've already had their salaries cut and 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 they're so easy lenders and e.u. is a need is certainly coming under criticism we saw the greek prime minister george patton join a visiting france and 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 seeing today from the pictures in the images they're not convinced the tools say something really at some point is going to have to change and concerning what we're seeing at the moment of the year is a is that this is spreading from that so far in debt crisis is the government spreading to the banks now we've heard that italy has been downgraded by midis saying that they've lost faith in the eurozone governments i mean that is exactly

the sentiment of the people as well people who really don't have the faith now that the leaders are going to be able to come up with some serious action to pull them out of this crisis now really the question is with this growing public anger are we going to see this financial crisis moving into a very serious economic recession is not just going to affect ways and having scenes that you see here today but the rest of the eurozone as well and so i want to mention without today's a national strike oh it's only going to worsen the situation with a lack of taxes going to the government. thank you. now let's bring in thomas tiger's in from s.c.b. buying more details on this thank you for joining us on the program today greeks have once again as you heard from sarah taken to the streets protest leaders actually saying that the cuts. slowing the growth are not putting the country back on track and 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 tightening fiscal policy in a me in the midst of a 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 done for the benefit of the deficit situation this also is signaling a fake here to show other countries that it has a big cost if you don't mind europe you cannot mix well. all the head of the i.m.f. your program has to come out of say the july second a bout of a greece should be revised because of slow reforms do you think i things will actually get more bailout cash and frankly what's the point. well i think your last comment here was was right to the point 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 the delay that we heard about earlier is a very significant event it's a chair said there won't be any more bailout payments to greece by then we need

another four or five weeks before the defensive preparations for for a big greek default can be in place so i mean i actually would look at that as a as a step forward because the bailouts were obviously not working everybody knew that at the end of it there still be a 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 about mean for greece and what would that mean for the eurozone. 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 quite dearly but i think that they said what would be the reason why this is going to happen right now but in four or five weeks they said they're now frantic preparations under way to close to the defenses to make money available for bailing out banks and ring fencing the healthy

a column and said europe when this actually happens so when we live problem i could see with the solution is that every single interest i've made over the past year or two they all seem to believe that after the pail out there would be a default anyway so i mean that's just throwing your money down a black hole but i'm not doing that and start dealing with reality instead as you say the bailouts just do not work now the latest news out of italy is that country's credit score has been slashed by ratings giant moody's i mean it's citing a loss of confidence in your government so how how scared should other eurozone countries be if indeed italy starts to tumble. well that depends on how the situation evolves in italy there's no reason why you should be scared of a rating agency as such they're not that 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 our the countries in

europe should be really scared about then they would 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 available for italy they won't be left at the mercy of the markets. from a merchant banking anythings thank you. hugh with russia and china have vetoed a u.n. security council resolution on syria the european back to draft called on damascus to end its crackdown on protesters or face quote targeted measures but 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 if it if not complied then the council would quote consider its options including unspecified quote measures 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 put in you see what you broke with the draft resolution which was not supposed to do was based 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 of the crisis based on a common serious national guard. 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 hold to mentally 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 now we do know that some council members wanted not only the syrian government

condemned for the violence but also a condemnation against 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 one of the vetoed by russia and china follows three months of heated debate in the big apple the disagreement has split the security council but moscow is convinced that its action is justified let's get more on this not more these are going to go through the standing by live here in moscow so it's 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 ninety maybe were 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 stop

a scenario in yet another arab state similar to what happened in libya with the u.n. mandate to protect civilians the resolution on libya was passed in march with russia abstaining from the vote but there monday it was quickly picked up by nato which sided with and to gadhafi forces helping them to topple the tunnel and russia believes that in case of libya the u.n. mandate was misused and this is why it has vowed not to let that happen again. if russia and china have vetoed this resolution of what is of the moscow authorities actually want to see for the crisis in syria. justice china russia as well the told me the only two permanent members of the un security council who are actively trying to negotiate a peaceful solution to the crisis in libya russia in particular has hosted representatives of both president bashar al assad and members of the opposition

trying to notch them into the dialogue and russia things that when you have two sides when you have two armed sides in a conflict what you need to do is to bring them both under the same tent while the whole issue of this resolution on the syria came up and estimated over two thousand five hundred protesters have been killed in violent crackdowns on anti assad forces since march this year official damascus claims that it's only fighting subuh torre's 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 bulk phone footage which we're not showing. that these are indeed to and to get to and to president assad protest as they do not look like the demonstrators only call

on the president to step down so it rushes saying that it is a conflict where it's all because that violence has been carried out on both sides so if you only support one armed side in that conflict you are sending out biased message to one side in these case 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 saying that also these civilians are being killed by assad's regime according to divide those civilians were very well indeed i do closely you know i'm sure if he's going to go try to thank you. now russia and china may see eye to eye in the un but security issues at home causing concern still ahead for you this hour here on r.t. across the border. russia's defense secrets are safe for another day after special forces capture an alleged chinese spy details on anti air weapon systems.

and a top military commander says u.s. troops will endure an extended stay in afghanistan the mission calls for a long approach. you with are to live from moscow now in the united states the occupy wall street movement is gaining support on a 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 reports they are determined to be heard. we don't want that not anticipating more pain where it's not raining more grabs and i think people are taking instead. more than a thousand 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 and. 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 referred to the people he was so afraid of as the great peace and the great peace as a way people of all walks of life had turned out for this mass demonstration 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 scenario 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. despite dozens of arrests demonstrators intent to show that democracy does not end at the ballot box families have also been marching in denver and san francisco demanding radical change from wahoo to olympia to all my ha to orlando according to the occupy together website protests are being organize. in more than one hundred cities point that the place standing behind are worth a revelation i believe their time and that i think that not i did that well it is not good news you know that doesn't work despite mainstream media down plain and even ridiculing 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 that were just you know you know the bad apples that see humanity humanity's got to think some of 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 across in the beginning bigger it looks like the spreading throughout the country and you know they had a arab spring and you know hopefully we have with us in los angeles ramon galindo r.t. . it is coming to you live from moscow now russia's federal security service has revealed it's been holding a suspected chinese spy the man identified as it. faces charges of attempted espionage and trying to obtain information on russia's weapons you go to prison office details. authorities say that this is

a chinese man who worked 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 the federal security service says no case over two or more school board actually it's reported that he was arrested just around a year ago but it's not only know that the case has been passed over for this 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 sort of to produce them all and so. their production here in russia has been recently fully suspended with the more modern. four hundred and five hundred air defense systems taking place. while he

was reporting of course on the arrest of a suspected chinese spy in russia you can find more on that and all of 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 of pedophiles to the increasing number of sex crimes against underage victims read the whole story of dot com. and just plain silly one unlucky pilot provides a spectacular show at a festival in australia flying straight into a ferris wheel by the whole story online and 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 are. follow the expected ninety

thousand soldiers currently 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 yeah van dyke who is a written extensively about afghanistan says the us has a wide a 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 there are 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 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 the united

states is left. to american contractors to build barracks in various air bases around the country and shinned out in the in the west perhaps to watch the air flights over iran in mazar sharif in the north to 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 they have 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 wealth of. the

russian markets are struggling to make any gains on wednesday that's despite strong crude prices and growth in europe and the united states russia has taken a big hit during the latest market turmoil as investors pull their cash out of riskier locations but analysts say have a double dip recession is avoided emerging markets will outperform other global in the. 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 that once for now investors are simply wrapped up on the concern that we could get a catastrophe if we can avoid the catastrophe which now looks more likely then i think once we settle down we will see more money coming back to emerging markets faster than developed markets latest markets wists have many investors scratching

their heads over where to put their money just in and steve from merrill lynch suggest infrastructure projects still offer the prospect of some stability. when you look at a lot of infrastructure projects the attraction of them is they may be emerging markets but ultimately they are the gateway to global trade whether it's passenger traffic all freight traffic and i think a lot of investors see that as a little chilly i'm involved use of these projects so when we've probably ties paul companies they tend to be gateways to global trade and therefore best to say i've invested in domestic infrastructure but i'm also best are going to globalization and the opening of that market to new investors new companies overseas so it's an interesting way to play an emerging market but also the risk is by investing in a company that providing infrastructure to support both involved in export trade. going to the markets now start with commodities oil is in the black the first day in four after report the us gas gasoline stockpiles dropped 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. here's their painting picture for the u.s. markets actually they did open in positive territory they are however cautious ahead of the release of an index on the non-manufacturing in september the dow jones up just point one percent. in europe markets are also bouncing higher as investors disappointing data in the labor market in the services sector bank stocks are among the main advances pulling in late rally of course on wall street and the now open to positive territory u.s. markets among major lenders shares the bank are up five point four percent and people ribeyes up six point three percent interest. right around twenty minutes before the closing of the session the markets mixed the r.t.s. down point three percent of my six up by just a notch so you can look at some of the main movers on the my sex energy majors are

still showing a mixed dynamics gazprom down one point seven percent lukoil up by just point three percent despite a strong rebound improved banking stocks also not following in the footsteps of global counterparts burbank is 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 you miles ahead of the capital believes investors should hold out for a further correction before buying unfortunately what we have seen is that investor focus was completely on the european debt problem we didn't see any support to the market from positive macro data except for short term support and as far as russia are concerned it's definitely a son who chart flows and the rule of push on the market we do not feel it's

a good idea to turn to the market i don't feel we'll see the market bottom and not so bad to wait for some consolidation probably to miss some portion of profits on the way back down to. buy now and get some other terms of fifteen percent loss however again we all have to look at it at the european authorities have a solution of this problem because this is the major driver for you for global markets. business r.t. will be back around fifty minutes time when that they'll see that.

would you be so much brighter if you knew about song from fines to christians. who threw stones on t.v. don't come. wealthy british style it's time to. find. markets why not. find out what's really happening to the global economy in these kinds of reports on.

a whole past the hour here in the russian capital this is odd to hear your headlines now police fired tear gas at demonstrators in athens as the nation is brought to a standstill by a nationwide strike state services have been paralyzed after thousands of civil servants walked off their jobs in protest a new social austerity cuts. russia and china block solution against syria which european backing moscow says the targeting of damascus is based on confrontation and not a push from the. thousands across the u.s. to voice their corporate money and its influence on the. time of soaring unemployment labor unions have now joined the. group.