your company today this is. italy is rushing through painful austerity cuts two of the worst case scenario with a vote in the senate expected on friday approval by both houses of parliament will finally end the era of silvio berlusconi who promised to resign as soon as new laws are passed. reports e.u. regulations that forced its third largest economy right to the brink. the italian brand. it's a country that. recently. meeting is now become the latest country to be dragged into the center of the euro crisis.

italy has a strong economy and. it is now italy could now face a similar fate these countries having to seek emergency 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 boring 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 here is a. tough reforms it's been a large part of was made with getting 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. i mean there's quite. a mr berlusconi was not able to deliver what he promised. would be a transfer of year old. 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 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. in the meantime a 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 brings to it 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 it. otherwise greece warns it will go bankrupt within its political analyst peter believes the true nature of the deepening crisis is being hidden from the public. 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 now greece and apparently spain and italy are 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 this is a master plan of what i call the new world order their priorities are one to secure the world's natural resources their 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've basically 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 while there's a lot of despair among the austerity hit greeks one thing it might actually help people take their minds off that. crisis or not so that people will always demand their entertainments and the greek a football team with servants why and help boost the morale of the entire nation in their very dramatic against russia and we all know how dashing that the greek fans

can be you can watch the entire build up in our sports bulletin coming your way next. now with the debt crisis apparently here to stay world leaders have agreed they need to work faster to save the global economy so we spoke to the director general of the world trade organization pascal lamy he says russia's long awaited membership in the 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 in cannes 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 multi that rule system of rules in

that it had economy growing including time which are difficult like the ones we are in in the world economy. and often 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 actually something that people will be debating with as guests on cross talk coming your way here on out see in now less than half an hour. 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 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 we really and the posting issue given all the problems we have to just talk talk down to china and

say what we decide to score what and what we think is good and what you would do is . nearly ten minutes past the hour now here in moscow nato may have ended its operations in libya but the western presence is far from over with the big companies now replacing the warplanes of the countries that bombed the oil rich country are now getting lucrative contracts to rebuild it laura smith now 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 you 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 puts 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 way. they would give over to. the u.k. department for trade and investment already has staff on the ground in libya ready to welcome british companies. warded contracts wanting to get in on the action shell and b.p. shares ruiz on the news they were talking to the transitional government and generic firms and mark macdonald also reportedly keen but 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 p.r.

for them not to be involved in any form of public discussion of why they're doing what they're doing 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 the humanitarian goals no longer need to be touted wall suddenly makes great business sense nor a smith party london you're going to hear live from the heart of moscow are still to come for you this hour i will prob launch into a martian moon destination or just hit the ground i would have a chance of saving rushing. into a planetary mission after it was hit with serious technical problems. to join us for our russia close up team or continue to explore people on the black sea coast to devote their life to saving animals from exploitation in the tourism business

that's coming your way shortly. the rule of the orange coalition was a time of political fireworks in ukraine protests and clashes on the streets were marched by brawls inside the parliament so when it last year moderate centrist a victory which was elected to power people were hoping for calm but as are the reports the legacy might not be so easy to overcome. it all started with this man viktor yushchenko 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. there's 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 do so every year because it's fun to watch when the temperature rises in politics but for society it's bad because there's a limit to all this wildness to which society is mad with you shouldn't we surely reach this goal mission of. many now say it was the mass of you should get scared and see which helped which sweep to power and many felt his arrival would become a breath of fresh air centralizing the power instead of the economy were big his 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 units in fourteen months and the yellow 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 machine code to land such a big sentence seven years behind bars. i want to point out

that the year one thousand nine hundred thirty seven has returned to ukraine this verdict and the repression of the people we will have to be strong today i'm appealing to all the people of goodwill to all the patriots of ukraine defend ukraine from the whole family terry and regime and the lack of liberties from the lies and injustice. while the so-called join of arc of ukrainian politics will stime traveling inside. the courtroom 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 part attacking the police with blunt weapons growing social unrest scared the country's president when the. lure unfortunately agencies tell me that people are buying firearms and they are planning attacks on state police nationwide people have

completely lost their shine conspiracy theories and public protests of late have created enough scandal for any media to be swamped with work and the chief editor of one of ukraine's leading news websites believes it could get even worse. the first year human condition power was to come because people expected a better life after the wild years you should escape and she was filled with madness but at least that choosing was open and predictable that now we don't know what to expect tomorrow and anything like a possible devaluation of our currency can explode the country experts say ukraine may again quiet down for a while but with the euro twenty twelve football championship and a crucial parliamentary election looming the temperature of scandal will most certainly be rising again come next year next year a chef city r.t. reporting from kiev in ukraine. past the hour here in moscow and i forget you can always a log on to our website for more stories of some of the items are waiting for you right now and

a look at why today is quite literally one in one hundred ten giving birth or getting married eleven a fact you need to know about the date eleven eleven eleven. and vanguard are up for grabs the pop diva was dressed by a russian designer goes under the how l.a. find out what you'll have to pay to dress up gaga style at all to dot com. with r.t. live from moscow now russian space experts are battling to fix a technical failure on board an interplanetary station that was heading to the martian moon of phobos the aim of the probe launched just on wednesday now was to get a better knowledge of how the universe evolved but there are fears that the vehicle could crash back to earth having never reached its goal of an hour explores 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 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 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 phobias 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. peter all of our reporting. stay with us here on r.t. time now for the world update some of the headlines from around the world for you this hour u.s. army soldier convicted of slaughtering three afghan civilians for sport has now been sentenced to life the jury has however decided that stuff 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 the

unarmed men during patrols in kandahar province early last year. security cameras in the turkish city of have captured the dramatic moments of a look right here where a five point seven magnitude earthquake struck on wednesday as the tremor here you can see there the lights go dark people running from the buildings gigantic clouds of smoke overtake the streets at least ten were killed when two hotels collapsed so far twenty eight have been pulled alive from the rubble of the same turkish province suffered through another deadly earthquake last month that killed more than six hundred. to. delve deeper into the world's biggest country russia close up series is coming your way right now.

and today it's back to the black sea coast and the people there doing their bit to protect the planet from the art of recycling rescuing wildlife tom bottom discovered how the environment is being looked after and he also took the time to make. friends. on here unless i have no need to find construction materials. now a bit of paint and i'll turn this bottle into something beautiful. some critics might call nina's are not complete rubbish and they'd be totally right everything you see in her gallery is made from little much 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. her friend alexei provides some creative accompaniment also using rubbish as instruments but was up when 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 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 ever has or i come to the seashore every day no matter whether weather or the time of year it's all the same to me we're gratian inspiration conservation but it's not just pieces of rubbish but get a second life one month old leon the hair has just been rescued from captivity but she'll have to spend the rest of her life here recovering of a 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 the third 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 cats like rameses lord arthur and homer 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 the at the park workers try to do something to save the situation so do i try to save the earth from the savagery of people so we are 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 blanton. could have you with us here on our to your life are a must go now time for corrina business owners. hello and welcome to business use to solidly korean american good to have you with me a russian court has had it all major b.p. a win in its legal battle with minority shareholders in its russian oil venture take a b.p. the court rejected two claims for around sixteen billion dollars minority shareholders say they suffered financial losses by being excluded from the strategic alliance between ralston have and b.p. to explore the arctic for oil the deal was blocked by b.p.'s russian partners b.p. on the grounds it breached the shareholder agreement and i don't have shareholders

say it will appeal the verdict. russia's long wait 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.c. oh will finally be in 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 judy's will be reduced the moment russia and says the double geo 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 end russia's one hundred forty million strong consumer market in addition to terror of cuts russia 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. here is lovers of all of the economists from daughter believes access into the world trade organization will trigger a change in economic policy making. one of the key changes will be. emphasis on liberalisation less state and for. as the guiding principle of

policy making and i think another 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 prices i think now the new paradigm will be free trade agreements across the globe whether in europe and asia but this is going to be possible only after russia becomes an equal player on the level a level playing field together with other members of the w t o. president meeting with various says russia's economy is in a stable position compared to other g. twenty nations and he made the state visit a far eastern city of. economic situation in our country looks better than in many european countries just point 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 through actuations in commodity prices and develop the industrial sector. because markets are rising across europe tracking down gains on wall street and asia starts in london a higher level of banks while banking while back top of the group up two point eight percent and lloyds banking group is to have to say that some resources start on the rise and while on high crude oil futures and precious metals on the downside though energy group. might have more to tell shipping one point eight and one percent respectively. here in moscow markets are very worst from earlier games that are trading in the red they are testing miles above was an over one at

a quarter of the sat here's a look at some of the individual sharon my sex energy majors in banking stocks are lower all giant bloke was dropping over three percent it is also over one percent in the red and bucking the trend is pulling metal that's gaining momentum on our call. well that's all we have for you this hour but don't forget you can always time all stories just log on to our website r.t. dot com slash business tax bill.

measures are too late to keep one of the e.u.'s largest economies from following in the footsteps of greece and portugal. the billions companies from countries that took part in the libyan campaign to cash in on reconstruction lucrative contracts in the pipeline and new questions over the real motives for the military strikes. russian space experts are struggling to fix technical problems on board a probe loan.