the bob stories on our t.v. europe's leaders declare they've finally got a debt solution probably get more money into greece telling banks to write off half of what they're owed by the collapsing country. while at the epicenter of the crisis it's back to basics as cash back wreaks rebirth to partnering for goods reach a startling realization that it's really bad that bad. demilitarizing libya from top to toe be you weren't sick instead of grounding nato warplanes the country's new leader of the side or how to deal with a population that's an opportunity. and arrests in new york as the wall street protesters and counter rock police recessed just as campaigner show solidarity with over one activist fell victim to earlier crackdown.

to suffer five pm here in the russian capital this is r.t. now european banks have agreed to write off fifty percent of the vote to them by greece it was decided during an emergency summit in brussels were e.u. leaders made what many believe was the final time to save the euro zone the settlement was reportedly a close run thing with the bank lobby holding out until german chancellor angela merkel and letting greece defaults the e.u. also promises to lower altitudes another one hundred billion euros while the ballooning bailout fund is in line to expand to a trillion euros now the task is to put it all into action and you're about to over develop two runs two of belgium's leading business magazines believes what's been achieved it simply lacks any sort of punch. it's just buying time this is really not the bazooka everybody has been asking for i would describe it as a water pistol this of course prevents for the moment that we really get caught kind of thing escalation of the greek and up level which is now growing in the

direction of hundred and eighty percent of g.d.p. but you cannot call this a structural resolution to the difference in greek problems they are a little bit of the really bite the bullet here because if you look at it closely there is only one solution for greece and the truth have been put on the table already several months ago that is for greece to leave the euro zone but that is a decision everybody's afraid of and what has for example not been discussed now which is very much on the mind of several of the european leaders and that there is a huge problem brewing important because this country is doing now and agreed the greek growth quite the rapidly now so if one does the action today on greece one immediately has to put a similar kind of action into operation which is to go oh you're supposed bigger bailout possible need some foreign cash to talk it out ahead of the funds now to travel to china to try and attract some backing the economists there say the e.u.

is trying to get others to do what it should have sorted out its. there are plenty . of hero in who's going to pay because you're talking about one trillion europe and this is a lot of money. right now doesn't have money we are talking about leveraging the european financial stability fund and to the other countries like china. india even brazil. or your peers. if you don't have money. to raise the money or. already something well china i think the really big a token amount of. your peers ability fun but it will mean for him for playing a leading role because this is this is what do you korean leadership have. all even if that you use at a crisis plan pace off help will still take

a while to filter it out of the ground in greece but those living through straight times are finding their own ways to make it as artists our first reports. they see that time is money for a country where cash is now in short supply kind is taking on a whole different value than quick change want to services and sometimes they give a painting lessons for free but they take your gun for free also somebody else is there time banks just one of the growing number of service swapping alternatives that are providing people in greece another way to cope with the tough economic conditions services can include anything from language classes to babysitting all having kids' meals it's a huge huge everything we do without money like looking after people are made by ourselves for a country in crisis buildings issue unity can free to extremely high prices that are wealthy it creates fear it bites people from public sector workers to from

private sector workers to. divides richer workers to poor workers immigrant workers from home work is not a terrible thing. for the party networks in a great way of bringing together large groups of people and probably the slogan here in greece now is no one's alone in the crisis is asians are arranging swap shops to exchange clothes one town increases even started its own party currency we still have the memory of. agricultural society in greece where people used to do things together like they would do the olive tree of my family this week and then next week with the olive trees of your family member next week of the other neighbor so they would exchange services and the like that nicky gives me and her friend alexandra he's also a member of the time lesson one of the free services she provides and in exchange alexandra helps out with the gardening so the time is repaid it's an amazing way.

of receiving finally by giving. because many greeks struggle with wage cuts tax increases and with unemployment in the country illegally high there's been a huge interest in the time banks and networks this places in aladdin's cave of arts and materials it's no wonder really that this idea of swapping kids and services has proven so popular hurting so the time when economic situation is extremely uncertain. these past networks won't solve greece's financial problems they do provide a massive amount of support the participants it's not a response to. a crisis in the sense that it's going to overturn the guard but it's giving support and comfort to both like to. terrible economic policies

both by the troika it's giving people support to feel that they can be something with the tough economic times leaving many greeks feeling worthless there is real value in projects like the time bank with the greek government drowning in debt these creative solutions are offering any support but encouragement to the people here which at a time of deep recession proofing priceless commodities. i see athens. and there is a day here on our team stacy taking aim at the greek people over how much responsibility they should take for the easy life left of their countries predicaments or here's what's ahead for you a fifteen thirty g.m.t. . is greece a failed state and i want to answer that from riot granny in this image here you see right granny what i think she's saying no greece is not

a failed state it's an occupied state because they're not asking this question about iceland are they now because iceland stood up to the bankers whereas greece is still being subjugated by the tyranny of the bankers and there's granny here you see throwing rocks the police she's a good emblem for what the store for them and the politicians agree says the things heat up in greece hopefully the banks in greece will completely collapse and this will be the only saving grace for greek sovereignty. and freeing the skies above libya by lifting the no fly zone and putting an end to nato is process is on the cards at the u.n. security council today it's to vote on a draft resolution to wind out the military campaign despite calls from libya's new leaders to extend the mission until the end of the year also russia is proposing a plan aimed at making it off the iraq military stockpile secure to prevent libyan

weapons illegally disappearing abroad but to getting a handle on what's there is proving impossible for the n t c which is failing to deal with the reforms already circulating artes of the somali reports. the war is over but the weapons are fully loaded. human rights watch has expressed grave concern about leftover are in libya their number one fear warehouse is going to hold ground to air missiles which could in the wrong hands take down passenger aircraft it's through mates or our nato allies in the region which these weapons have been flooding in libya and also libya is quite a world armed country anyway the population has. has quite a lot of light weapons in his possession and those like my pins are becoming a heavy burden on the national transitional council now relying on an army of former rebels for security we try to control the benz i'm not sure if

there's somebody who has worked and we asked him if he has supporters a friend or just are not. checkpoints have been set up across tripoli to check that those tarion weapons are proper documentation and those who do have the paperwork are being called on by the national transition committee to return their arms the question now is what if they don't and what does that mean up for pulse gadhafi of libya and its stability and now as you can see it's being secured here everything's under control and the only word things that we will make some we can is a how to give weapons but we see something very different i asked this head commander what the plan is to disarm the population. i swear i don't know if you. see.

that. and a makeshift arms collection center that covers one neighborhood in the capital we are shown this. these are the weapons people brought to me today not many walk down one block in tripoli and you'll see twice as many firearms. do you know how many weapons there are in libya i think just like after we have incentives yeah i think everybody have. some think the fun of arms in the country could spell disaster ahead in the vacuum after gadhafi and post revolt chaos as groups fight out vicious battle for power. what you have now and. libya is schools of armed factions who have no respect for each other and who have no respect for nato actually either they've opportunistically used nato to achieve some aims and nato has been foolish enough to go along with this so i think what

we're going to see now is the intensification of the civil war between increasingly the factions which have overthrown good because off the regime with many libyans not get ready to say a farewell to arms the n.t.s.c. which could only be gadhafi with nato how is now asking the alliance to continue its mission a vivid indication of just how unstable the country is and he's now a r t tripoli or asia times correspondent thinks the country's outlook is bleak and sees comparisons between what happened with events in iraq. at the end of two thousand and four is. over two thousand and eleven what the marines did which was to destroy in order to say that the t.n.c. had need to be to see what kind of benefit you can do when people are saying oh he's going to the fusion massacre in benghazi need to end it here and see the civil

war in libya it's already are they will never set up a government because they're militias fighting against militias so what i predict is plunder of libyan resources you need to really libya as a kind of protectorate but with governor hamid karzai. in. tripoli and civil war all over the place. well north america's maneuvers in the arab world are on our website the u.s. military machine may be out of iran but there will still be spooks in the shadows report of why the cia is staying behind it's all of our dot com now. and it conquering the cold russia unveils an eighty billion dollars plan to build the first sever city with an artificial climate in the arctic discover more at r.t. online. a fresh clashes broke out in new york during an anti wall street

march followed by arrests several hundred people marched in support of activists in oakland california who suffered a riot police crackdown earlier are these really important i reports now from new york. at least five hundred activists of occupy wall street were walking through a lower manhattan cash to show their solidarity with the protesters from oakland california has to zach now since group was walking through manhattan and there were helicopters flying overhead we saw riot police out. and listerine police officers and. the group around there were some it seems police officers arresting some hot tickets and at some point taking them down to the ground this is six weeks and to remove an end his whirlwind are larger and louder not just in new york city but across the entire country in the past day or so we have seen

a huge crackdown now in atlanta an occupy demonstration took place at least fifty activists were arrested there but it was an old linda california that these scenes many say looked like something of an urban wars still high the occupy activists into the streets there were at least three hundred fifty of them odd got into clashes with the police and the police fired tear gas and rubber bullets at the crowd trying to remove the optimist from a campground at beit stablished and weeks ago in front of city hall at least ninety seven protesters were arrested but we do know that there was one man shot with a sly river foliage and it was in a rocky the war veteran by the name of cycles and is a former marine to time because iraq war veteran and he is now in critical condition for once feel reportage kiba shot in the head by all police projectile

and right now he's in the hospital he was in one of the many iraq war veterans out we're peacefully participating in the occupy oakland march. so far there's not much a vigils or visuals or video that showed any of the protesters attacked attacking the police officers and the police. who california new york city and throughout the country have been criticized for using brutal force against these activists that are just trying to exercise their freedom of speach. well our correspondents in the u.s. are going to approach last send post saying what they see online you can check out our twitter feed for those meanwhile eyewitnesses in oakland have put for dish on the web showing the intensity of the police crackdown and looking at one of those videos that this is a video that hurried up i refer to her report showing how in iraq the war veteran was injured x. marine scott olsen is seen as lying on the ground and a group of protesters rushed to help him and that moment

a flash mob thrown by one of the policemen who earlier seemed to be deliberately aiming at the activists and let's watch the video one more time the other videos from the protests are available at parties you tube channel and it appears that the ability to make footage like this partly that's making a difference to the current protests so joshua holland editor of the independent these website alternatives. everybody has a cell phone there is millions and millions and millions of cell phone cameras that are just photographing all of this stuff it all ends up on you tube so i think without having a greater impact it might have when you know if you're going to have to excessive force by a police officer was in captured by c.b.s. nobody would ever see it the movement has shifted to the discourse in this country dramatically just a few months ago the national journal did a study that found that the mainstream media was focusing much more on the deficit

then on the unemployment crisis the foreclosure crisis student debt these issues have been thrust into this central to the center of our discourse but there's occupy wall street movement and that is that's already having a significant impact. and one more thing to caught in the crossfire well there is an app for that a new application for android powered phones called i'm getting arrested cells lawyers friends and family if you're being handcuffed you can check out all the details at our teeth dot com. russian investigators are brought new charges against a former police officer linked to the killing of journalists on up what it said to be a hard she could bottle has now been indicted with organizing the murder he and two other suspects were charged with a journalist's killing four years ago but work with it by a jury the verdict was later a knowledge of this case was reexamined but it was gunned down near her apartment block in moscow in two thousand and six investigators say her exposure of abuses

committed during the conflict in church now where the motive for the murder. now let's check what else is happening around the world the former arjan time evil spy bill as the object has been sentenced to life for crimes against humanity during the country's military dictatorship alfredo as is eleven others were convicted of organizing the disappearance torture and murder of dissidents during the five hundred seventy s. and eighty's all worked at a notorious naval academy which was one of the major torture facilities at the time with during what was called the dirty war. rain and snow are hampering the rescue efforts in eastern turkey to find more survivors from sunday's earthquake it's also adding to the suffering of thousands of homeless victims many of whom are still without shelter and waiting for basic aid the number killed is now over five hundred but many people are unaccounted for and believed trapped in buildings which crumbled when the quake struck. a huge cleanup is underway in northern italy

after a massive mudslide swept through towns killing at least nine people threshold outports triggered flooding that destroyed bridges and roads cut off parts of what is a popular tourist destination there are fears a robot might be hit by floods as well as it is on the way of the element the corruption is often regarded as the biggest threat to russian society the problem is it runs at all levels making it difficult to wipe out despite initiatives and clapped out as art is that it was covert reports the targets are often the low level fraudsters or the bigger fish go free cameron's hands are shaking he's a police investigator who's come across one of the most ostentatious films isn't the scene including this swimming pool adorned with rescues in the style of michelangelo what makes this raid so unusual is that the home doesn't belong to multi-billion but the one who had no one would we stayed school in moscow or.

the investigation moved to a court case to confiscate consenting becomes profiting it's not true heroes in the most group can get through. for expensive curse. the man on the run became this region in just eight is using clever schemes just in from the school its teachers parents and the state a recent study of every day corruption claims teachers doctors and traffic police officers are russia's worst bribe takers for the. low level corruption it's a bribe paid to settle everyday issues so it's also known as every day corruption big story money for traffic violations provide medical paperwork and in grade school grades making people pay through the nose people in russia say they're born with corruption and guys surrounded by. a bill for literally childhood from school age get used to the idea of breaking laws when they need to get some service and that is an extremely corrupt an attitude the only positive findings of the research

is a growing number of people who consciously reeses giving a bribe and a falling number of corrupt deals over the average bribe is almost twice as costly ideas a bill for him or when it used of corruption among his subordinates one of our former police forces said start with yourself and stop giving brights out of principle and start doing things legally it may be more difficult but it's worth a try your healthcare is the most corrupt sit down with bribes to die over one point two billion dollars last year the average medical bribe is relatively small and doctors and go to jail but said thing just thirty dollars. every day corruption is the result of the state's failure to fulfill its social obligations low salaries promote corruption but tackling this low level crime looks as if something is being done but corruption by the bigger fish goes on and checked experts say the everyday

corruption is just ten percent of the total the rest is initiated not by citizens or businessmen but by bureaucrats the internet is full of videos like this one it is also full of stories about teachers and doctors getting arrested and tried but when it comes to arresting officials and their grads it seems the statistics are less impressive very brisk over r.t. moscow. and spotlight in a few minutes we ask how israel is coping with the revolutions happening all around but for us it's a business update with dimitri. welcome to the program and the news just in russia is one inch away from joining the world trade organization georgia the only country which will today oppose russia's joining of the w c o has agreed to new proposals from swiss mediators in the negotiations now this comes after the e.u. pressured georgia threatening it would make an exception and push russia's moves

forward without georgia's consent and we have more details on this story as we get them. world's emerging economic powers say they will inject cash into the euro zone to stem the debt crisis contagion china has reportedly agreed to invest in the rescue fund russia's also involved a presidential aide of everybody called which says the country could contribute to rescue efforts through the i.m.f. meanwhile markets rebound globally up to europe's wide ranging deal to fight the sovereign debt crisis the secular those figures well is up from its biggest drop in more than a month there's also speculation u.s. economy is recovering investors are waiting for a report that may show the economy expanded at the fastest rate this year in the first quarter and according to berlin reports that two and a half percent g.d.p. growth light sweet is trading so ninety three dollars thirty eight cents brant is up two and a half dollars per barrel so look at the stock markets now the fourth seat is

adding almost three percent still the dax just an inch under five percent banks show particularly strong gains across europe of barclay's is adding two digit figures and the foot sea. and the deutsche bank is adding more than thirteen percent in frankfurt. russian stocks also very strong in the afternoon second session in a row of strong growth energy and banking stocks among the main gainers let's take a look at there among blue chips is burbank is adding more than three percent. pushed by stronger oil prices adding almost four percent and in other sectors retail at night and it is up around two point two percent after a quarter of percent increase in first quarter that profit that's under russian accounting standards douglas rolls from capital except expects the positive trend to continue and i buy this how to cash. i would be moving money into russian banks

you know. they're all trading in. the no one times next year. well was has probably also looks quite brilliant specially for falls through with the sense that it might double its dividend payout the year the stock is cheap in in any event you know and should benefit from the strong in a strong commodity prices russia's most popular search engine yand x. has increased its revenues by sixty five percent in the last quarter that's over one hundred sixty million dollars most of the money came from placed the advertisements on the sites and paid clicks yandex recently launched the services in turkey taking the company international for the first time shares in the company have dropped twenty five percent since listing in new york and may as yet back finds it hard to keep up with google however the company's c.e.o. maintains sort of progress is being made in all areas of his business according to

com score a recent research published this week by a number of such curious we don't know on the books and we know number four in the world. of the players. in the recent investment around or research star per call it was in the recent best fifteen reeling from us. were crossing the street in the company coming back somehow through the headlines with stay with us.

see. that's.