the italian approved his harshest new austerity law hoping to stand the growing consensus that the euro zone's third largest economy is falling to the ravages of the euro crisis. palestine is expected to push for a vote on its statehood even if it loses the opponents to justify their decision believes will be dictated by the united states. and western corporations and. the rich seeking to skim the cream off the rich are left following nato's bombing campaigns. and also in business as russia of course has tended.

with minority shareholders in its russian. more intense minutes. just after five pm on friday here in moscow this is arts here with me roll recent the tremors of the euro crisis the halls of italy's government. to push through the country's harshest austerity package to date the nation's president has promised once the law is passed prime minister silvio berlusconi will resign with the possible successor being a former e.u. commissioner. sara furthur ports italy's problems go far beyond a lackluster leadership. italian brand has always seemed to be going strong. the best business

press a. theater in fashion it's a country that economy wide is used to putting its best foot forward. recently its least seen its economy stagnating has now become the latest country to be dragged into the center of the eurozone crisis. only has a strong economy and does. being sorry better than it is now it's likud now face a similar fate these countries having to seek of agency belarus despite being one of the year is its 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 and this recession might not be greece but with a mammoth 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 here is going to most to be. tough reforms to the last part was made with putin close in the country so you difficult. government being able to bring about positive change we have had too many years of leadership that was not credible outside and very divisive insights i don't think it's only. pride. for mr berlusconi was not able to deliver what he promised i think there might be a transfer somebody else. going to be you know. we need support from europe otherwise everybody on its own and that's the scariest part of the situation in italy right now the u.a.e. think base its biggest challenge yet it's unclear whether days like gales of a peaceful and culturally united europe can survive the failure to adapt and to

find a five leadership at this point and those ideals could be in ruins. are a great. and there where the fate of the eurozone or perhaps even the e.u. now squarely in the hands of italy and greece but let's get some more opinion on where this is all heading lochlyn director of studies at a parasitic who have democracy and cooperation joining me now live to discuss the latest chapter in the euro crisis so good to see you today so certainly a time of change or this past week or so are the greek prime minister pap and drove giving up his post to former president of vice president of the european central bank premiership looks set to go to form a new commission it is a possible john that we're finally seeing the right people take the right jobs. absolutely not these people who are in power in greece and surely to our in italy have never been elected these are men who made their entire careers through garnering appointments in cases like the european commission or the european

central bank and they have no democratic mandate at all and precisely what is so frightening about what is happening as the european union and the euro enter its death agonies because that's what i think it is is the way in which the european union really is showing and i say this without any eight hundred it's true nature as a dictatorship after all it is europe which has effectively commanded these two prime ministers to leave office and really had to leave office that moment he suggested a referendum on the debt package and berlusconi had to leave office the moment he said that italians had become poor under the euro so we're seeing really a very ugly development in europe where people are being put in power because they serve the interests of the demands of the european union not because they have gone at any and electoral support in their own countries or indeed you're playing on the issues of democracy in the principles of democracy but with the greek prime minister passenger oh giving up his post to the former v.p.

of the european central bank only stepping aside for a former e.u. commissioner but who better to deal with the euro crisis any suggestions well i think the best suggestion. was the one made and drew the former group proudly now former greek prime minister he suggested that this monumental austerity package and the associated debt program a referendum that was a very intelligent thing it was perhaps the most intelligent thing he'd done in his premiership cotterell if you're asking a country to make major sacrifices that is to say sakit sakit large numbers of civil servants people taking pay cuts haitian is becoming poorer and surely you need to legitimated through a public debate and winning of her referendum andree office you thought he would win the referent but when you when you say when you say you can give it up for public debate i mean why should the greeks and italians actually be given a choice here and aren't in the ones who who elected their governments in the first place ultimately responsible for the crisis. they aren't that good of course the

governments are responsible for the crisis but there is a co responsible element and that is the euro itself and the greeks and the italians as a national factor as people did not vote for the euro itself i'm not saying that they are against it as a nation but the fact is that the euro was never subjected to a referendum in those countries but the point is that. in situations of crisis like this it surely makes sense to have the maximum amount of democratic legitimacy instead of which the european union has showed that it is afraid particularly optimistic but it was terrifying when the creeps to the refrigerator and as i say with skinny he never proposed a referendum but he said he said. that europe at the time is become poorer under the euro in other words he implied albeit in a very attenuated way that is really could live without europe and that was anathema it was as soon as he pronounced those words that his political career was ended by the people who control europe in process where indeed anywhere as you were

saying when he did make that announcement for a referendum he was out so if we summons i can wear the e.u. leaders are having their summit there and as a many suggest he was and has basically given the right while that was a bad idea for the referendum you need to be retiring right now and yet are the people there were for once perhaps going to be given a voice now it's near impossible to argue that the project has failed they live in living standards in the bloc often touted as being the envy of the world and yet perhaps you will just see it all dismantled because of financial irresponsibility in a peripheral state. i'm absolutely convinced that the euro project is at an end i can't see when it's going to break down but it isn't an end yes there's been financial irresponsibility in greece and italy but the situation has been made worse well catastrophic i don't membership of the euro if they had not been members of the euro currency of greece the currencies of greece initially would have to throw you. and they will be able to sort out their problems on their own

particularly italy and they only need bailouts from the european union because they don't have the option of devaluation they don't have the option of managing their own economic and monetary affairs and that is why i say that europe has caused these problems obviously the underlying debt issue is there and it's a very serious one but if they did not have the euro if it were not in this straight jacket of the euro then you would be able to sort out those problems on their own so it's the euro which has aggravated the situation not the euro which has prevented it all will all which all europe which will indeed help it one of the people that your reporter interviewed in rome said that we need help with europe no it's precisely europe that has got them into this situation. always a pleasure i thought of studies the institute of their marketing cooperation in paris thank you. with r.t. nato may have finished its bombing mission in libya but now there's a full scale western invasion energy corporations are queuing up to do business

with the new government which is rewarding the military victory for the lucrative oil and gas contracts parties lauriston efforts of power the harvest of war is being raped. it's just the 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 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 twelve thirty five was shown to. be. able to

work with. the u.k. department for trade and investment already has start on the ground in libya ready to welcome british companies. awarded 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 shearing firms arabs 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 you're 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 tapped his wall suddenly makes great business sense nor a smith forty london. stop i want to come here on the program on r.t. for example. syrian are thought to ring the alarm bells over an increased amount of weapons being smuggled into the country to boost extremist factions fighting the regime. and we delve deeper into the causes of a vicious circle in ukraine of political protests and brawls are a daily reality no matter who holds the reins of power. the un security council is expected to review palestine's if the un membership for the motion was filed up back in september so march much as his review for on the west bank there's siding both though may come as soon as next week. in our ways up palestine's chances. the palestinians have resigned themselves to the fact that it's unlikely they going to get the two thirds majority they need in the united

nations security council for the statehood bid what this means is that they will not become full members of the united nations and the united states will not be forced to exercise its veto rise there are eight countries amongst the security council who have indicated that they will vote in favor of the palestinian bird these include russia china india south africa brazil eleven and nigeria and gabon both to be british and the french have announced that they will abstain from the vote there they will abstain alongside portugal and bosnia while germany and colombia might either abstain or vote against it alongside the united states now this really leaves the palestinians with two options the one is that they can still next week demand that the security council vote on the statehood bid this will force those countries who are not supporting it to publicly justify their position and the palestinians michel ahead with us although they know they are not going to

get their admission into the security council the other option and this seems likely is that they still take the bird to the general assembly what this will give them is at graded observer status although they will not become full members of the international body this it seems a lot of pressure going on behind the scenes the palestinians have accused the united states of meddling and putting pressure on other countries not to support the state would would you just need to look at the united kingdom as one example and here the foreign secretary william hague has said that it is to quote him technical judgment why the u.k. is abstaining from the bird now the palestinians were relying on the british to support big bird and the foreign secretary has now been accused of being hypocritical and abdicating responsibility when you mention the unesco admission to the palestinians you need. the following that the united states canada and israel withdrew will stop giving funding to the bodies so much so they can use their has

had to suspend temporarily its activities now that kind of pressure comes while israel continues to build settlements in occupied east jerusalem and the occupied territories or so while the palestinians a short time ago had a lot of euphoria that the international community would that they bid for statehood this kind of pressure going on behind the scenes seems to be paying off. right there with you stay with us for the business news in about six minutes time for now though russia is calling on the syrian opposition to stop aligning itself with extremists gangs were there smuggling weapons into the country and only triggering more violence this comes amid an increase in a legal shipment of arms ammunition and military supplies from neighboring lebanon over the last few months a professor of international relations out of a mark almond says that syria falls victim to lebanese political games the people doing struggling maybe doing it for money because somebody is paying and i think

there's grounds for thinking that in lebanon for instance the explosive situation there is being made worse by the fact that actual politics the muslim factions mr hariri also backed saudis would. see the fall of the syrian regime because its rival and its supports its rivals has a lot of the christians in lebanon who don't wish to see a revolution in syria bring to power a sunny fundamentalist regime which likely austar to the religious minorities and so we are seen as a cynical people who do anything for money we're also seeing people who say the way to paris from the ground of a car. i was going to have you with us here and i said i just had you in just a few minutes. as the close up meets the king of rubbish instruments you can make a note out of almost anything that washes ashore.

the former ukrainian prime minister yulia tymoshenko faces new criminal charges this time of tax avoidance it relates to when she was leading one of the country's biggest energy corporations back in the nineteenth ninety's i just last month she was sentenced to seven years behind bars for exceeding her powers while signing gas contracts with russia in two thousand and nine thirty countries condemned the case against him a shocker saying it was politicized as all season aleksey are just now reports it seems that in ukraine history is bound to repeat itself. 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 they had lines the world's media had been having many sleepless nights reporting on the rollercoaster events in the country back then right there in journalist me that if we didn't publish

a book poking fun at all the major political players when the. times are extremely fun for the media with the regime used the media is a drug for society but if you do so we have to raise the debt to see every year because it's fun to watch when the temperature rises in politics but for society it's with there's a limit to all this wildness which society here is mad with you should we surely reach this goal which look at all the front many now say it was the mass of you should get scared and see which helps which sweeps of power and they 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 timoshenko fourteen months which is presidency propelled ukraine back into the global headlines the combination of her trial for exceeding her authority while prime minister shocked many hardly anyone expected to machine code to land such

a big sentance. seven years behind bars the first of them i want to point jantje the ca nineteen thirty seven s. we can't ukraine this verdict and the russian not exhibiting it but we'll have to be strong today and the feeling to all the people of goodwill to all the patriots of ukraine to defend ukraine a little boy terry and regime and the lack of liberties and the lies and injustice all most good while the so-called joy of arc of ukrainian politics was time travelling inside the courtroom perceiving supporters clashed with police outside. the. base later veterans of the chernobyl clear up stormed the parliament demanding a raise to their ridiculous you know pensions they demolished everything in their prague attacking the police with blunt weapons growing social unrest scared the country's president when you come across on your water. system we the 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 and nuff 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 when a coalition power was not come because people expected better life after the wild years that you should cause cadency was filled with madness but at least that eugene 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 trying to throw a football championship and a crucial parliamentary election looming the temperature of scandal will most certainly be rising again come next year. r.t. recalls and forgive me i pray. that r.t.

is coming to you live from a very snowy moscow it's good to have you with us today the russia closer to now continues its journey across the biggest country on earth and we are about to join them right now. and today is another chance to discover more of the black sea coast of the southern cross nadar region it's where people's love of nature is reflected in all walks of life saving animals who have become street photographers slaves to turning rubbish into art artists tongue reports. i have new need to find construction materials. now a bit of paint and i'll turn this model into something beautiful. some

critics might call nina's art complete rubbish and they'd be totally right everything you see in her gallery is made from little machine emotions that we are covering over a living space with litter i need to have contributed it was good for me to use this waste creatively. friend alexei provides some creative accompaniment also using rubbish as instruments of was 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 i just walk around listening to things and vote sound they can make you know connects her rubbish from the coastline to winter and spring storms in her greatest artist were present when i come to the seashore every day no matter what the weather or the time of year it's all the same to me gratian inspiration conservation but it's not just pieces of rubbish but

a second life one month old leon they're here i've just been rescued from captivity which i have to spend the rest of our lives here recovering of especial center winners 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 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 business difficult for me if we take said as bears who have finished their usual life it's not a secret that they could well be made into sausages many of the animals who received we just can't say they've been treated as just a commodity in a big caps like rameses lord 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 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 almost try to save the earth from the savagery of people so we recall it's really idiocy 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 level. tom watson r.t. . now at thirty five minutes past the hour here in the russian capital let's get the business on with your. oh and a very warm welcome for your business update a russian court has handed major b.p. a win in its legal battle with minority shareholders in its russian oil venture t. and. 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 wilson left and b.p. to explore the arctic for oil that deal was bought by the russian partners in taking on the grounds that breached their shareholders cream and minority shareholders say they will appeal the verdict. rogers center each of the world trade organization would obligate the united states to establish normal trade relations with moscow barack obama has called for a cold war era provision which restricts american businessmen from working with certain countries to be abolished the jackson family commandment is suspended every year with russia but it's still all remains on the statutes basically u.s. companies don't benefit from the expression of russia from the lower tariffs and the improved administrative procedures until the u.s.

congress repeals tax advantage so it creates a lot interest for appealing jackson verdict in the us but it's a matter for congress not the administration so obama can't promise it but i think there are two are very likely to see a repeal of jackson browne it following russia's deputy accession and president medvedev says that russia's economy is in a stable position compared to other g. twenty nations he made the statement while visiting the thought eastern city of about its. supports the national. 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 half percent 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 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 for the money for a quick check on the markets stocks are rising across europe after the talent sets approved an austerity package raising optimism that the euro area second most indebted country will contain the tax rises and here in moscow the markets have reversed from gains and are trading in the red the r.t.s. is flat to negative and the my sense is losing half a percent so have a look at some of the individual share moves on the right six energy movers and banking stocks are lower well giant look oil is dropping more than two and a half percent me to be is also about one percent in the red out paula metal is flat to positive mental on high because it's. ok that's it for me to date more business stories in about fifteen minutes time.

in two thousand and ten especially konami zone for industrial production was established in russia somalia region with a total area of six hundred sixty six as. its investors are granted exclusive tax and customs benefits which includes a five year exemption from property lands and transport taxes as well as an income tax reduction to fifteen point five percent. the special economic zone operates as a fleet customs own which enables manufacturers to market their products in russia free of information seems to some our region as he said is currently witnessing a suit.