through a painful austerity cuts to avert the worst case scenario with a vote in the senate expected on friday approval by both houses of parliament will finally and the arabs who promised to resign as soon as new laws are passed but as our reports some say it's. third largest economy to the brink. the italian brand has always seemed to be going strong. business. it's a country that economy is getting its forward. recently its least seen its economy stagnating become the latest country to be dragged into the center of the eurozone crisis. italy has a strong economy and could have. been sar better than it is now

it's lee could now face a similar fate these countries having to see convergence see parallels 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 a mammoth that soaring borrowing costs just how did italy and in this situation right now nobody is spending 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 you is a. tough reforms to the last part was made with putin growth in the country so you difficult hopes are now pinned on a new 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 i mean there's quiet. for saying that mr berlusconi was not able to deliver what he promised i think there might be a transfer or somebody else will do. it 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. biggest challenge yet it's unclear whether they like details of the peaceful and culturally united europe can survive that they had to adapt and leadership at this point and they could be 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 princeton and 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 austerity measures to release another portion

of an e.u. bailout otherwise greece warns it will go bankrupt within weeks political analyst peter ere 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 who have the ability to close down any company or any country at will and as we know ireland became the victim portugal and greece and apparently spain and italy are likely to follow it really doesn't matter who's in power there are people controlling this situation the banks are involved and sometimes unsecured and of course the politicians themselves remember that they can take out any country financially or militarily that they want to take out this is

a master plan of what i call the new world order their priorities to secure all 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 world in the palm of your hand whoever controls the finances of the world controls the world and this is what we're looking at here. and while there is a lot of despair among those staring ahead greeks one thing my how people take their minds off the debt burden. while crisis or not the people will always demand their entertainments and the greek a football team will certainly try and help boost the morale of the entire nation in their friendly match against russia and we all know how the passion of the greek fans can be what they inspire builds up in our sports bulletin which is coming your way in the new little less than half an hour from now. where the debt crisis is

apparently here to stay world leaders have agreed they need to work faster to save the global economy spoke to the director general of the world trade organization plus column e. and he says russia's long awaited membership in w t o will help their revival well the economy is not in good shape but one of the ways to exit this situation which i recognize and we discussed about 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 that this very moment is also a symbol of the value of this through a system of rules in that it had its economy growing including. which are difficult like the ones we are in in the world economy. europeans are

also setting 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 about debates with his guest coming up later today. the chinese have been very hesitant because they see that the europeans just can't get their house in order we've created such a. mess of their economies are nowhere near is cutting them strategic as china does and we've got to be clear that funding 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 procession given all the problems we have to talk top down to china and say what we decide this court and what we think is good and what you would do is. nato may have and its operations in libya by the western presence is far from over

with big companies replacing the warplanes the countries the bombed the oil rich country are now getting a 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. country. and i expect. 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 in a transitional council told the french way on. a would give thirty five.

the u.k. department for trade and investment already has star on the ground in libya ready to welcome british companies. warded contracts wanting to get in on the action shell and b.p. shares roos on the news they were talking to the transitional government and generic firms and more mcdonald's are 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 for them not to. public discussion of why that's. so for all the conflict in libya it 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 nor a smith forty london. still to come for us our will approach launched a martian moon reach its destination or hit the ground it will gather the chances of saving russia's ambitious interplanetary mission after it was hit with serious technical problems. also join our world our close up team as they explore how people on the black sea coast devote their lives to saving ambles from exploitation in the tourism business. the rule of the orange coalition was a time of political fireworks in ukraine protests in the streets were matched by brawls inside parliament so that last year a moderate centrist victory on a cause which was elected to power people were hoping for calm but as our visa likes here chefs to reports the legacy might not be easy to overcome. history

appears to be repeating itself in ukraine 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 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. 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 braise the delusion every year so it's fun to watch when the temperature rises in politics but for society it's

managed there's a limit to all this wildness to which society goes mad 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 swept to power and many felt his arrival would become a breath of fresh air centralizing the power instead of the economy were big. 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 units in fourteen months of his 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 stunning time is when there oppressions returns to ukraine with this but i'm appealing to all the patriots of ukraine defend ukraine from an authoritarian regime. the

so-called joint of our. time traveling inside the courtroom for see these supporters clashed with police. vigilance of the chernobyl clear up stormed the parliament demanding a raise to their ridiculously low pensions they demolished everything in their part attacking the police with blunt weapons growing social unrest scared the country's president when the. agencies tell me the people. and the. people have completely. experts say ukraine may again quiet down for a while with the. championship and parliamentary election the temperature of scandal will most certainly be rising again next year.

don't forget you can always log on to our website for more stories and here's what's a line right now say by scare horror writer stephen king is raising money for the poor and to pay their heating bills in the winter. also. grabs the. russian designer under the hammer in a way you'll have to pay. russian space aspirants 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 the gulf explores the potential dangers. at the moment the theories around which probably a problem has 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 that 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 and arise if it turns out to be

a problem with the hardware the focus probe contains seven tons of highly toxic fuel because this fear was intended on sending it from earth to the moon or 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. us now took a look at some other stories from around the world a u.s. army soldier convicted of slaughtering three out against civilians for sport has been sentenced to life the jury has however decided that staff sergeant calvin gibbs will be eligible for parole after serving ten years in prison the twenty six year old was the highest ranking of five soldiers charged over the deaths of be an

armed man during patrols and khandahar province early last year. security cameras in the turkish city of santa have capture the dramatic moments when a five point seven magnitude earthquake struck on wednesday as the 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 hotels 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 you know russia close of series. today and it's back to the black sea coast and the people there doing their bit to

protect the planet from the art of resized going to rescuing wildlife discovered how the environment is being looked after. all you and 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 call ninas are not complete rubbish and they'd be totally right everything you see in her gallery is made from little margin emotions aside as we are covering our living space with litter need to have contributed to is good for me to use this waste creatively. a friend alexei provides 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 or 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 greatest harvest there for her i come to the seashore every day no matter what the weather or the time of year it's all the same to me or gratian inspiration conservation or but it's not just pieces of rubbish but got a second life one month old leon the hare 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'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 this is a to 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 say they've been treated as just a commodity. big cats like rameses off 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 in the wild but at least here they have some exercise a good diet and the veterinary care they so often need there is a lot in here the clerical workers try to do something to save the situation so do i try to save the earth from the savagery of people so we recall it's really. from plastic bottles to lion cubs saving the planet can come in many shapes and sorry. here on the black sea coast they might be rubbish to some but not to every.

tom blanton. kid comes there well we're turning now to the world of business karina's here with us in the studio. hello welcome to business update their south thanks for joining me rushes a long way to become a member of the world trade organization is nearly over barring a few technical issues that still need ironing out the world's largest economy outside the w.t. i will finally join the club but what changes will this bring. 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 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 judi's will be reduced the moment russia and says the double. 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. chief economist from deutsche bank russia u.s.

luckless of olive believes accession to the world trade organization will trigger a change in economic policy making in russia. one of the key changes will be queerer emphasis on the liberalization less than for. as the guiding principle of policy making and i think other a paradigm is going to be a change in the way russia pursues its foreign policy because previously say in the past ten years one of the instruments that russia used was preferences and terms of well what will prices i think now will be new paradigm will be free trade agreements across the globe whether in europe one asia but this is going to be possible only after russia becomes an equal player on the level of a level playing field together with other members of the w t o. and president very of says russia's economy is in a stable position compared to other g.

twenty nations he made a statement while visiting the far eastern sea of qatar. so. that on the economic situation in our country looks better than in many european countries despite recent difficulties we have managed to achieve fairly rapid growth this year it will reach the cent in europe and the us g.d.p. growth through zero to one percent this year we will also have the lowest inflation in the last twenty years around seven percent but i cannot say we are protected from danger but we need to cut our dependence on fluctuations in commodity prices and develop the industrial sector. we will pick and then which school. taking a look at the markets now at asia is mostly higher following a rebound for u.s. stocks japan's nikkei has reversed into black up trading lower in morning session hang sang is adding over half over press nearly a percent this hour. listed resources for arms on the rise with el nino corp china

climbing two percent european shares are trading flat to negative this friday morning. as ongoing eurozone concerns keep investors cautious. and here in moscow markets have reversed from earlier games that are trading in the red the out here as the wise acts of both losing over and percent now here's a look at some of the individual samples of them isaac's energy majors and banking stocks are lower oil giant rosneft is losing over one of a half percent the bag is shedding over a percent bucking the trend is falling that's all gaining momentum on high gold price was under rifkin from natural fall financial corp previews today. for the whole day fink will be mostly focused on the game in the news for middle you need to know if you were telling officials and scheduled to take some decisions on the budget. so use some savings results of today's college to plan the use if it is accepted we see so. was it see if most of us.

in terms of that. definitely more kids will regularly post. well here's heavyweight comic after about his moving into cars the company has agreed to launch a full cycle production with local cars from artists will take one year to design the plant and another two to build but in four years ninety thousand cost of fuel bowling from the new plant annually it's hoped they project will meet the growing demand for cheap cars in kazakhstan russia and central asia companies say the project will require a half a billion dollars of investment. that's all i have for you for now but stay with us for headline news with marina coming up like.

right to clean boost. squanders morning.

the largest economies. greece and portugal.