the global financial headlines. is a report on our. moment of truth for italy the sounds rushes to vote on a necessary plan to clear the way for a new government but many say the debt reduction measures are too late to fix one of the news largest economies. bombing for billions the lucrative contracts nato countries expect to reconstruct levy a spark new questions over the real motives for military strikes. and the eye of ukraine's political storm the nation's mood johns' oddly as local outbreaks of unrest in the country threaten a return to the bad old days of national turmoil.

eleven am in the russian capital you're watching r.t. i'm marina josh and welcome to the program italy is rushing through a painful austerity cuts to avert the worst case scenario in the third largest economy a vote in the senate is expected on friday approval by both houses of parliament will finally and the air of silvio berlusconi who promised to resign as soon as new was are passed but as our team sara for of reports manny in italy doubt the new government will bring relief to the struggling country. the italian brand has always seemed to be going strong. to lead the best business. it's in fashion it's a country that economy wise is used to putting its best foot forward. but recently

it's least seen its economy stagnating has now become the latest country to be dragged into the center of the eurozone crisis is only has a strong economy and is a liquid has. been far better than it is now it's lee could now face a similar fate these countries having to seek emergency parallels just by being one of the year isn't largest economy we're not greece we're not greece because we have a lot of savings we are not greece because we have been very prudent in this recession we haven't done britain deficits in this recession might not be greece but with that soaring pouring costs just how did italy and in this situation right now nobody's spending nobody's spending in all or all of europe consumers are not spending they are saving they're scared to death of what's going to happen meeting here isn't the most three pieces that tough reforms still

a large part of was made with putin growth in the country so you difficult now piniella need government being able to bring about positive change we have had too many years of leadership that was not credible outside and very divisive inside i don't think it's only an italian problem or interest quite strong support for saying that mr berlusconi was not able to deliver what he promised i think there might be a transfer somebody else. that's not going to be enough. we need support from europe otherwise everybody on its own and that's the scariest part of the situation and it's the right now the usa in face its biggest challenge yet it's unclear whether days like details of a peaceful and culturally united europe can survive the failure to adapt and to find decisive leadership at this point and these ideals could be left in ruins.

and greece is already welcoming a new prime minister the former vice president of the european central bank look as papa down us will be sworn in on friday and it brings to land days of political wrangling in athens as main parties struggle to come to an agreement the new coalition government will have to vote for more stary measures to release and now there portion of an e.u. bailout other wise greece wants it will go bankrupt within weeks political analyst peter air believes the true nature of the deepening crisis is being hidden from public view. i think we have to turn the clock back to the original collapse of the world economy because this was no accident it was a very well planned exercised by the new world order who have the ability to close down any company or any country at will and as we know ireland became a victim portugal and greece and apparently spain and italy likely to follow it

really doesn't matter who's in power there are people who are controlling this situation the banks are involved you sometimes get unsecured loans and of course the politicians themselves remember that they can take out any country financially or militarily that they want to take out bases this is a master plan of what i call the new world order their priorities are one to secure the world's natural resources the second is to control the markets for those resources and thirdly to control the gateways the sea lanes and the pipeline routes when you have control of this you basically have got the the world in the palm of your hand controls the finances of the world controls the world and this is what we're looking at here. and dan burton is taking its toll in sports in the birthplace of the olympic games. greece is in

dire straits at the moment you see it's a worsening economy but sports are really helping the people called despite the departure of five top of medic talent said to compete for other nations watch our special report from athens in the upcoming sports bulletin and little bit over half an hour from now. now with the debt crisis apparently here to stay world leaders have agreed they need to work faster to save the global economy so hard he spoke to the director general of the world trade organization has colony and says russia has a long awaited membership in the hero will help the revival well the economy is not in good shape but one of the ways to exit this situation which i recognize we discussed that thus we can the g twenty and he's not good one of the ways to move out of this crisis is to open more trade fight against protectionism and the fact that russia joins the visit very moment is also

a symbol of the value of these monthly the true system of rules in that it had its economy growing including time which are different too like the ones we are in in the world economy. and europeans are also saying if their eyes on china as a source of cash to bail them out and beijing's role in saving struggling western economies is something people available bates with his guests on crosstown coming up in the last half an hour. chinese have been very hesitant because they see that the europeans just can't get their house in order they've created such a mess of their economies are no where near is cutting them strategic as china does and we've got to be clear that finding our moral hazard in keeping us having badly either in europe or the united states is not in china's long term best interest it's only going to see the west continue to harm itself are we really in the

position given all the problems we have talked top down to china and say what we decide this quarter and what we think this good and what you would do is. nato may have ended its operations in libya by the western presence is far from over it was big companies replacing the warplanes the countries that have gone to oil rich country are now getting lucrative contracts to rebuild it laura smith adds up the profits of war. first british bombs tourists apart now british companies will get paid to put it back together libya is open for business and u.k. firms are being encouraged to join the gold rush the relatively wealthy country with oil reserves and i expect there will be opportunities for british.

companies to get involved in the reconstruction of libya philip hammond is urging c.e.o.'s and sales directors to pack their suitcases and heads to the north african country the u.k.'s bill for its part in the nato intervention in libya is estimated at just under five hundred million dollars but according to the u.k. department of trade and investment the value of contracts to rebuild libya in areas ranging from electricity and water supplies to health care and education could amount to upwards of three hundred billion dollars over the next ten years and the british government will make sure it takes a leading role in that just as it did in the war and that's raising more questions about the u.k.'s motives in playing such a big role in the recent conflict john hillery of war on want says it has shades of post-war iraq when companies from countries involved in the allied invasion were awarded the best gigs.

journalist john pilger says there was evidence of battering before nato even got involved. transitional council told the french. they would give over thirty five it was shown to. be. true. but u.k. department for trade and investment already has staff on the ground in libya ready to welcome british companies. awarded contracts wanting to get in on the action or oil firm shell and b.p. shares rose on the news they were talking to the transitional government and arab and mark macdonald also reportedly keen both the latter refused to put up a spokesman when asked preferring instead to send basic statements which critics say is a new tactic to avoid defending their ethics it's better off without. any

form of public discussion of why they're doing what they're going around the world . so far the conflict in libya looks like an excellent investment hoth a billion dollars to oust a dictator with a return of three hundred billion in business contracts when it's all over now that humanitarian goals no longer need to be touted wall suddenly makes great business sense you're a smith forty london. still to come for you this hour well a probe launched to the martian moon reach its destination or it hit the ground you look at the chances of saving russia's ambitious interplanetary mission after it was hit with serious technical problems. plus join our russia close of team as they explore how people on a black sea coast devote their lives to save the animals from exploited in the tourism business. some high level u.k.

government officials believe israel could launch a strike against iran within two months according to reports in a british paper and names intelligence sources in london also claim the attack on iran's alleged nuclear facilities could be carried out with american logistical support in an apparent response to the allegations the u.n. had gone ki-moon called for a diplomatic solution to the iranian issue and the u.s. to and she warned of a regional fallout from any possible strike instead urging tougher sanctions russia and china have repeatedly rejected both options counterproductive tensions around into ra's nuclear program was read night and by a recent u.n. atomic watchdog report suggesting iran might be working on a nuclear bomb is watching developments from tel aviv. according to british intelligence chiefs israel will launch a strike against iran to stop it from developing nuclear weapons as soon as

christmas according to sources in the british government if not christmas then the beginning of next year with these sources saying that israeli military action is to be expected sooner rather than later and that it will be action that will be supported just to keep by the united states not in recent weeks we did hear from the british defense ministry they confirmed that they have contingency plans in place should be u.k. decided to support military action against iran here in israel prior to the publication on tuesday of the report by the international atomic energy agency the israeli defense minister ehud barak warned of a possible is radius strike he said that all options are on the table we have had it was sponsored by iran's supreme leader the ayatollah ali mani who has warned both the united states and israel that if they strike iran they must expect a tough hamas response on terror around the arabian president mahmoud ahmadinejad's responding to that i eighty

a report he slammed that report and he said that iran would not step back one iota from developing its nuclear program and he said that the report was relying on basis u.s. claims that you rand is building a nuclear bomb. often more analysis on the story visit our website or find out on a various social networks out there on the internet. but. the. russian space experts are battling to fix a technical failure on board an interplanetary station that was heading to the

martian moon focus on a well the probe launched on wednesday was to get a better knowledge of how the universe evolved but there are fears the vehicle could crash back to earth having never reached its go argues peter all are exploring the potential dangers. at the moment the theories around which probably what problem has caused the probe to be stuck in all put around the earth after it's take off split into two camps whether it's a problem with the software of the pro or a problem with the hardware of the probe now it's a problem with the software that's something that potentially can be fixed now one theory that's been put forward is that it's a problem with the navigation system of the probe these type of probes when they're launched initially use the sun as their main focus point for navigation and then not navigation system switches over towards the stars now that some people believe that this probe has failed in switching from the sun to the stars and if they can

send a software patch and upload back to the probe it should be able to go about its mission just a few days late now the big problems come and arise if it turns out to be a problem with the hardware the focus probe contains seven tons of highly toxic fuel of course this feel was intended on sending it from earth to the moon and mars and then back to earth one nasa expert is referred to the phobias probe as the most toxic falling satellite ever so this is a problem that last cause most of the russian space agency are facing that they may have to come up with some kind of contingency plan to deal with a potentially toxic problem caused by the fuel that's on board this probe to make sure that it poses no threat to us here on earth. come from dad you can always log on to our website for more stories and here's what's on right right now saved by scare is horror of riders stephen king is raising money for the poor

a very heating bills in winter also. up for grabs the pot of the of his dress by a russian designer of goes under the hammer and away find out what you have to pay to dress up in august style at r c dot com. the rule of the orange coalition was a time of political fireworks in ukraine protests and clashes on the streets were matched by brawls inside parliament so when last year a moderate centrist victory on a car which was elected to power people were hoping for call but as our reports the legacy might not be easy to overcome history appears to be repeating

itself in ukraine the left of the events of several years back on the right of just a few weeks ago with the two points in history united by people say believe that the government haven't been working in their favor. and for many it all started with this man because you should fist fights in parliament mass street protests and destruction of gas supplies to europe were common in his era as president and it kept ukraine firmly in the headlines the world's media had been having many sleepless nights reporting on the rollercoaster events in the country back then writer and journalist meeting if we didn't publish a book poking fun at all the major political players. times are extremely fun for the media the regime used in media is a drug for society but if you do so you have to raise the dead to see every year the strands of watch when the temperature rises in politics but for society it's there's a limit to a list wildness of which the society carries manage with you should we surely reach

this goal of the mission of those many now say it was the message of you should get scared and see which helps which sweeps of power and many felt his arrival would become a breath of fresh air centralizing the power instead allies in the economy were big business first priorities when he became president of ukraine for more than a year it had been relatively quiet here but the case of former prime minister yulia tymoshenko fourteen months into yellow which is presidency propelled ukraine back into the global headlines. the culmination of her trial for exceeding her authority while the prime minister's shocked many hardly anyone expected to machine go to land such a big sentence seven years behind bars. i want to point out that stalinist time is where there are impressions returns to ukraine with this but i'm appealing to the will of the patriots of ukraine defense ukraine from an authoritarian regime while the so-called join of arc of ukrainian politics will stein traveling inside

the courtroom her seething supporters clashed with police outside. the. base later veterans of the chernobyl clear up stormed the parliament to margi a race to their ridiculously low pensions they demolished everything in their plot that's actually the police with blunt weapons growing social unrest scared the country's president when you look around you would. agencies tell me that people are buying firearms and planning attacks on state police nationwide people have completely lost their shine experts say ukraine may again quiet down for a while but with the euro trying to twelve football championship and the crucial parliamentary election looming the temperature of scandal will most certainly be rising again next year. party reporting from kiev in ukraine. take a look at some other stories from around the world and u.s.

army soldier convicted of slaughtering three afghan civilians for sport has been sentenced to life the jury has however decided that staff sergeant calvin gibbs well be eligible for parole after serving ten years in prison the twenty six year old was the highest ranking our five soldiers charged over the deaths of the on our band during patrols and kandahar province early last year. security cameras in the turkish city our van have captured the dramatic moments when a five point seven magnitude earthquake struck on one state as a tremor hit you can see the lights go dark and people running from buildings as gigantic clouds of smoke overtake the street at least ten people were killed when two hospitals collapsed two hotels rather collapsed so far twenty people have been pulled from the rubble alive same turkish province suffered through another a deadly earthquake last month that killed more than six hundred people.

time now to delve deeper into the world's biggest country and how russia close up series. today is back to the black sea coast and the people there are doing your bit to protect the planet from the art of recycling to rescuing wildlife artie's time garden discovered how the environment is being looked after. on here now have new need to find construction materials. now a bit of paint and they'll turn this bottle into something beautiful. some critics might call mean and complete rubbish and they'd be true to me right

everything you see in a gallery is made from little machine emotions that we are covering over a living space need to have contributed so it was good for me to use this week creatively. a friend alexei provided some creative accompaniment also using rubbish as instruments of wisdom i started with just one barrel when i was invited to a festival before i even had time to work on my instruments so i just experimented i just walk around listening to things what sound they can make nina collects her rubbish from the coastline the winter and spring storms bring her greatest harvest . i come to the seashore every day no matter what the weather or the time of year with all the fame to me all creation inspiration conservation but it's not just pieces of rubbish we've got a second life one month old leather here has just been rescued from captivity but

she had to spend the rest of her life here recovering a bit special center where as nina rescues pieces of rubbish the staff at this park rescue far more vulnerable things and most of these animals were formally kept by street photographers and let people pose with them for money they're kept on drugs so they remain tranquil have their teeth pulled out so they can't hurt people and starved so they remain small business if the government if we take circus bears who have finished their usual life it's not a secret that they could well be made into sausages many of the animals we receive we just can't save they've been treated as just a commodity. big cats like rameses mord are at home or here make up most of the parts residence there isn't the money to give them as much space as they would have and wild but at least here they have some exercise a good diet and the veteran recal they so often need. there is a hard worker is trying to do something to save the situation so do i try to save

the earth from the savagery of people so we're colleagues really. from plastic bottles to line clubs saving the planet can come in many shapes and sizes here on the black sea coast they might be rubbish to some but not to let through. tom bottom. i wish i was there well now i'll take a look at what's happening in the world of business with karina. oh welcome to the south thanks for joining us is a long way to becoming a member of the world trade organization is living over barring a few technical issues that still need ironing else the world's largest economy outside the southern tier will finally be the organization of all this change. explains. after almost two decades of trying many wonder if russia

really needs a w t o you could even say it's managed quite well without it realistically though it will have many benefits for foreign manufacturers wanting to sell their goods in russia let's have a quick look now on average import tariffs will be at seven point eight percent that's compared with the current ten percent break that down and you'll see the import judean agricultural goods drop from thirteen point two percent to ten point eight percent now import tariffs for already many fractured goods will also drop by almost a quarter to seven point three percent now about a third of all judi's will be reduced the moment russia says the global cio another quarter of the cuts will come within three years with only poultry motor cars helicopters and civil aircraft requiring longer this means it will be easier and cheaper for foreign companies and goods to enter russia's one hundred forty million

strong consumer market in addition to tear of cuts russia's also agree its removal limitations on foreign involvement in industries like telecommunications and insurance but most importantly accession to the double cio will ultimately give russia the much needed competition boost which could finally put an end to runaway inflation. knowledge as a country that is stable position compared to other g. twenty nations that are in some present meeting in vegas with visiting the far eastern city of. supports that idea are not weak economic situation in our country looks better than in many european countries just point recently difficulties we have managed to achieve fairly rapid g.d.p. growth this year it will reach a full hundred percent while in europe and the us g.d.p. growth rate through zero to one percent this year we will also have the lowest inflation in the last twenty years of around seven percent. say we are protected

from danger we need to cut our dependence on fluctuations in commodity prices and develop the industrial sector. economy i look at the markets now stocks in asia are mostly higher following a rebound for us starts to reverse into black after taking a lower one incessant hang sang is adding on behalf of the scientists our banking stocks in the late hong kong listed resources frowns on the whys as well were on the incorporation of china climbing to the side here lost the markets have reversed from earlier gains and are trading at the r.t.s. is losing point seven percent of my sex chatting over half a percent now here's a look at some of the individual families on my sex energy majors and banking stocks or work all that all staff does not have the signs of gastronomy setting a course for the sat. down after the first step bucking the trend telling that whole that's getting mentoring on hard go fast. so i have. to get you

can always log on to our website articles as business advice was star struck.