josh welcome to the program italy is rushing through a painful austerity cuts to avert the worst case scenario in a third largest economy a vote in the senate is expected on friday approval by both houses of parliament will finally and the era of silvio berlusconi who promised to resign as soon as new laws are passed but as r.t.f. sarah further 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. the best business press is. it's in fashion it's a country that economy wise is used to its thing is best that food. recently its least seen its economy stagnating has now become the latest country to be dragged into the center of the eurozone crisis. italy has a strong economy and. it is now

italy could now face a similar fate these countries having to seek emergency despite 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 big 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. nobody 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 your isn't it most . tough reforms in the last part was made with getting growth in the country so you difficult hopes are now pinned underneath government being able to bring about positive change we have had too many years leadership that was not credible outside

and very divisive inside i don't think it's only an italian problem i mean there's quiet. for saying that mr berlusconi was not able to deliver what he promised. there might be a transfer somebody else. but that's not going to be enough we need support from europe otherwise everybody on its own and that's the scariest part with the situation in italy right now the u.s. is saying faces its biggest challenge yet it's unclear whether they'd like details of a peaceful and culturally united europe can survive the failure to adapt and to find decisive leadership at this point and they say deals could be left in ruins. and greece is already welcoming a new prime minister the former vice president of the european central bank lucas papademos will be sworn in on friday and it brings to an end 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 steria measures to release and now there portion of an e.u. bailout otherwise greece wanted 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 economy because this was no accident it was a very well planned exercise by the new world order 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 that are controlling this situation the banks are involved who sometimes give 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 they said this is a master plan of what i call the new world order their priorities are to secure the world's natural resources their second is to control the markets for those resources and thirdly to control the gateways to the sea lanes and the pipeline routes when you have control of this you've basically got the the world in the palm of your hand you have a control with the finances of the world controls the world and this is what we're looking at here. and the dam burden is taking its toll and sports in the birthplace of the olympic games. greece is in dire straits at the moment you'd say it's a worsening economy but sports are really helping the people cope despite the departure of five legs out and said to compete for other nations watch our special report from athens in the upcoming sports bulletin no

a 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 r.t. spoke to the director general of the world trade organization colony he says russia's long awaited membership in w t o will help the revival well the economy is not in good shape but one of the ways to exit this situation which i recognize and we discussed that the last week in the g twenty is 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 with this very moment is also a symbol. of the value of these true system of rules and in that it helps economy grow even including. which are difficult like the

ones we are in in the world economy now europeans are also saying in their eyes on china as a source of cash to bail them out and beijing's row in saving struggling western economies is something people avail debates when he's guests on crosstown coming up in less than 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 utter 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 behaving badly either in europe or the united states is not in china's long term best interest it's always want to see the west continue to harm itself are we really in the position given all the problems we have to talk top down to china and say what we decide to score what and what we think is good and what you would do is .

nato may have ended its operations in libya but the western presence is far from over it was big companies replacing the warplanes the countries that bombed the oil rich country are now getting lucrative contracts to rebuild it artie's 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 that 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 head 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 all 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 thirty five it was shown to. the 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 firms shell and b.p. shares rose on the news they were talking to the transitional government and firms 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 that around the world. so far the conflict in libya looks like an excellent investment half

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 russian close up team as they explore how people on a black sea coast devote their lives to saving animals from the exploitation and 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 the british paper the 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 ban ki moon called for a diplomatic solution to the iranian issue and the u.s. to fan she warned of a regional fallout from any possible strike instead urging tougher sanctions russia and china have repeatedly rejected both options as counterproductive tension surrounding terrans 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 makes do with these sources saying that israeli military action is to be expected soon a while other than later and that it will be action that will be supported in

a just to be 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 the u.k. decide to support military action against yemen is wrote pointed to the publication on tuesday of the report by the international. energy agency the israeli defense minister ehud barak warned iran all of a possible is ladies strike he said that all options are on the table we have had a response from iran's supreme leader the ayatollah i mean for mommy who has warned both the united states and israel that if they strike iran they must expect a tough response from tehran the radian president mahmoud ahmadinejad's responding to that i ate a report he slammed the report and he said that the rand would not step back one iota from developing its nuclear program he said that the report was a lying on basis u.s. claims that you rand is building

a nuclear bomb. while for more analysis on the story visit our website or find us on the various social networks out there on the internet. is. the. russian space experts are battling to fix a technical failure on board an interplanetary station that was heading to the martian moon phobos the aim of 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 goal argues peter all over

explore the potential dangers. at the moment the theories around which probably what problems caused the probe to be stuck in all that around the earth after its takeoff split into two camps whether it's a problem with the software of the probe 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 navigation system switches over towards the stars now they 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 that to the the probe it should be able to go about its mission just a few days late now the big problems come the rise 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 or mars and then back to earth one nasa expert is referred to the focus probe as the most toxic falling satellite ever so this is a problem that off course 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. don't forget you can always log on to our web site for more stories and here's what's it like right now save by scare its horrors rider stephen king is raising money for the poor and a very moving bills in winter also. don they are up for grabs the palm divas dress by a russian designer it goes under the hammer and away find out what you have to pay

to dress gaga style dot com. the rule of the orange coalition was a time of political fireworks and 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 late here chef he reports the legacy might not be easy to overcome. history appears to be repeating itself in ukraine on the left are the events of several years back on the right of just a few weeks ago but the two points in history united by people same belief that the government haven't been working in their favor. and for many it all started with

this man viktor yushchenko fistfights in parliament now 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. there is times are extremely fun for the media the regime used the media is a drug for society but if you do so you have to raise the debt to see every year it was fun to watch when the temperature rises in politics but this is science. there's a limit to our list wildness enough to which society charismatic to be with you should we surely reach this goal. many now say it was the message of you should get scared and see which helped which sweeps of power and many felt his arrival would

become a breath of fresh air centralizing the power instead of the economy were victims of its 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 timoshenko fourteen months in which is presidency propelled ukraine back into the global headlines the culmination of her trial for exceeding her authority while prime minister shocked many hardly anyone expected to go to land such a big sentence seven years behind bars. i want to point out that stalinist times where there repressions returns to ukraine with this verdict i'm appealing to all the patrons of ukraine defend ukraine from an authoritarian regime why. the so-called joint of arc of ukrainian politics will stein traveling inside the court room her seething supporters clashed with police outside. days later veterans of the chernobyl clear up stormed the parliament demanding

a raise to their ridiculously low pensions they demolished everything in their prague attacking the police with blunt weapons growing social unrest scared the country's president when you look at him and you want to lure him agencies tell me that people are buying firearms and that he is 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 twenty twelve championship and a crucial parliamentary election looming the temperature of scandal will most certainly be rising again come next year. odyssey reporting from kiev in ukraine was to take a look at some other stories from around the world a 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 galvin well be eligible for parole after serving ten years in prison the twenty six year old was

the highest ranking are five soldiers charged over the deaths of the on our band during patrols in kandahar province early last year. security cameras in the turkish city of van have captured the dramatic moments when a five point seven magnitude earthquake struck on wednesday 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 the same turkish province suffered through another deadly earthquake last month that killed more than six hundred people. well time now to delve deeper into the world's biggest country and now russia close up series.

today it's back to the black sea coast and the people there are doing their bit to protect the planet from the art of recycling to rescuing wildlife artist on barton discovered how the environment is being looked after. on your new i have new need to find construction materials. now a bit of paint and i'll turn this bottle into something beautiful. some critics might cool mean a complete rubbish and they'd be true to me right everything you see in a gallery is made from lists the motions of we are covering over a living space litter need to have contributed to was good for me to use this week

creatively. her friend alexei provide some creative accompaniment also using rubbish as instruments was up when i started with just one barrel i was invited to a festival before i even had time to work on my instruments so i just experimented and just walk around listening to things and what sound they can make nina collects her rubbish from the coastline the winter and spring storms bring her home greatest harvest there for her i come to the seashore every day no matter whether weather or the time of year it's all the same to me recreation inspiration conservation but it's not just pieces of rubbish the got a second life one month old leon they're here has just been rescued from captivity but she'll have to spend the rest of her life here recovering at this special center where as nina rescues pieces of rubbish the staff at this park rescue far more vulnerable things most of these animals were formally kept by street

photographers who let people pose with them for money. they are kept on drugs so they remain tranquil have their teeth pulled out so they can't hurt people and starved so they remain small businesses that go with me 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 caps like rameses lord off at home or here make up most of the park residents there isn't the money to give them as much space as they would have in the wild but at least here they have some exercise a good diet and the veterinary care they so often need there is about the clerk workers try 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 lion cubs 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 everyone. tom barton marty oh i wish i was there well now take a look at what's happening in the world of business with karina. and her welcome to business update the south thanks for joining us has a long way to become a member of the world trade organization as they have it over barring a few technical issues that still need ironing health's the world's largest economy outside the i will finally be in the organization but what will 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 wanted 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 an import duty on agricultural goods dropped 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 judy's will be reduced the moment russia and says the double. another quarter of the cuts will come within three years with only poultry motorcars 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. the moment russians can without a stable position compared to other g. twenty nations that's according to present their death with visiting the far eastern city of. supports the. economic situation in our country looks better than many european countries disappoint recent difficulties we have managed to achieve fairly rapid g.d.p. growth this year it will reach four to four hundred percent while in europe and the us g.d.p. growth will range from zero to one percent this year we will also have the lowest inflation in the last twenty years of around seven percent but i cannot say we are protected from danger we need to cut our dependence on fluctuations in commodity prices and develop the industrial sector. economy with a look at the markets now stocks in asia are mostly higher following

a rebound for u.s. stocks japan's nikkei has reversed into black after trading lower oneself hang sang is adding over half of the santas our banking stocks in the late hong kong wasted resources are on the rise as well with our new york operation china climbing two percent. and here last the markets have reversed from earlier gains and are trading at the r.t.s. is losing a point seven percent of my sex chatting over half a percent now here's a look at some of the individual families on my side energy majors and banking stocks are all or all that was happening have a certain gas prong a setting a quarter sat spur bank is down after the first step but the trend is falling that whole that's getting a mental on cargo pants. so i have. to get you can always log on to our website r.t. that business and find last august.

mager with a look at the top stories in the senate rushes to vote through in a sturdy plan to clear the way for a new government one silvio berlusconi steps down but many say the debt reduction measures are too late to keep one of the ease largest economies from following the footsteps of greece and portugal. bombing for billions of companies from countries that are the only be in campaign look to cash in on the reconstruction lucrative contracts in the pipeline have sparked new questions over the real motives for military strikes. russian space x. birds are struggling to fix technical problems on board a probe along.