cause a report on our. culture is that so much knowledge about the feelings of wanting to give a real will is china and it can or as the world undergoes massive economic and geopolitical shifts and as the world changes will china take on a greater. italians. feel the growing concern that the u.s. third largest economy could become the latest. that. palestine is expected to push for a vote on its un statehood though even if it loses the bids opponents to justify their decision which it believes could be dictated by the united states. and western corporations that descend upon the oil rich in libya seeking to skim the cream off the riches left following nato's. and in business the

russian of course has tended to be. battled with minority shareholders in this russian oil things that. were in business in twenty minutes. past seven o'clock here on a friday night in moscow this is our team with me rory sushant are the tremors of the euro crisis have been echoing loudly inside italy's government senator push through the country's a cautious austerity package to date and the nation's president has promised that once the law is passed prime minister silvio berlusconi will resign but his possible successor being a former e.u. commissioner now let's cross live to our correspondent in rome sara first for more on whether this vote will actually reverse italy's or fortunes or misfortunes what have you but. given the severity of these austerity measures being passed is it at all surprising that it appears to have gone through so so easily. absolutely not

this is exactly what a lot of the people a lot of the m.p.'s we've been speaking to the last couple of days was saying was going to happen they want to send a very clear message to the markets to the international community that they can take decisive action now and a very critical moment in its lead history now we saw that they believe least a hundred and fifty six states to twelve and it's expected that similar things going to happen in the final approval will be given in the lower house and not of course with the pave the way prime minister berlusconi to step aside to do once they pass and at that point it's thought that the italian president will try to appoint a new has and the some sort of technocratic government forms that it's going to happen very quickly from what we've been hearing is that the emphasis really head now is on decisive action and the front runner that's emerged recently is

a man named mary a month he had to for me. and he's not just amongst politicians here but amongst eurozone leaders as well he's got very close links with brussels he's cool to be the man he can lead the way we this crisis situation now finds itself. in. some analysts already saying that it's a former commissioner mario monti ok. when i saw a report of an elitist group of brussels but as you say a moment ago of course a world promised soon as you're mentioning will be a new man of the helm but some might argue this is ultimately the same as replacing the captain of the titanic did you think a new leadership is enough to avert disaster. very hard to say at this point what we definitely know what the general feeling is here in the country is that by no means is the need government going to be a quick fix to all the problems but it is essential at this moment the some form of action is taken to stand strong message next week to try and stem

a lot of that uncertainty and mistrust and the political guidance here in the country that we've seen from the markets and from the international community and as he said mary muncie is a favorite the italian president making quite a clever chesney when he points him is that it's a life that's made him a much more appealing candidate for the m.p.'s much more politically viable to take the top spot i do we've also seen the top spot in greece taken by former e.c.b. official you've now got mary monti possibly carrying out state the top spot for me . there is definitely concern amongst the public in these countries that what you're seeing now is an extension of process in the selfish you really that is what's happening again the m.p.'s that we're speaking to was saying that this technocratic government now is really good it is pushing through these harsh measures just getting them off the ground because they've been long promised and have failed to materialize and that's really what's needed to be seen now from the years and leaders and of course its leader the entire usa is huge right now looking

extremely uncertain but the public very concerned about the loss of supremacy about whether the new government again to be acting in their country's interests here in italy is still to this very harsh reforms that not only have to be passed but they don't have to be influence say is one thing to put in place these euro kratz who are going to a peace process at a quite another to gain up public support to be seen in the past in both italy and countries like greece a loss of public support can really have a very significant impact in d.c. by no means is this league game to be out of the words when a new government is formed it's expected to happen as early as saturday they're not out of the woods yet there's still a long way to go they can start with a very critical point in the future and there's a lot that needs to be done we've been taking a close look at least economy. the italian brand has always seemed to be going strong. the line the best business

press is. it's a passion it's a country that economy wise is least its thing is best but of course. the recently it's least seen its economy stagnating has now become the latest country to be dragged into the center of the eurozone crisis is only has a strong economy and is a liquid has. been starved better than it is now italy could now face a similar fate these countries having to speak of agency parallels despite being one of the year is its largest economy we're not greece we are 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's spending nobody's spending in all or all of europe consumers are not spending they are saving they're scared to death of what's going to happen meeting your isn't a miles to be that tough reforms in the last part was made with do you think growth in the country so you difficult hopes are now pinned underneath government being able to bring about positive change. we have had so many years of leadership that was not credible outside and very divisive inside i don't think it's only an apparent problem i think there's quite some support for saying that mr berlusconi was not able to deliver what he promised i think there might be a transfer somebody else. that's not going to be enough. we need support from europe otherwise everybody on its own and that's the scariest part of the situation and it's the right now the u.a.e. think face its biggest challenge yet it's unclear whether they like details of the

peaceful and culturally united europe can survive the failure to adapt and find decisive leadership at this point and they deals could be in really. the right. just within the last hour the new greek prime minister lucas papademos has been sworn in as the head of a unity government but the make up of his new cabinet was also announced on state television television ceremony the former banker and european central bank vice president's immediate task will be to implement yet more austerity measures in return for continued plans the public reaction in greece has been mixed however with many decrying the loss of yet more sovereignty to the e.u. . the director of studies at the paris institute of democracy and cooperation believes brussels has escaped much of the blame for the blocks that crisis. these people who have taken power in greece and surely to our initially have never been

elected these are men who have made their entire careers through garnering important appointment in places 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 in not that as the european union and the euro enters 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 exaggeration 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 the moment he suggested a referendum on the debt package and bosque only had to leave office the moment he said that italians would become poorer under the euro so we're seeing really a very ugly development of course the governments are responsible for the crisis but there is a code responsible element and that is the euro itself 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 i'm absolutely convinced that the euro project is at an end i can see when it's going to break down but it is a sin and yes there's been financial irresponsibility in greece initially but the situation has been made worse well catastrophic i had a membership of the euro and with europe's debt burden growing ever harder for the lock to shoulder all eyes now turning to the east in the hope that china will come here the path catherine cash reserve to save the e.u. but so far it's reluctance has been all too obvious the reasons why are one of the themes being discussed in today's cross talk coming your way now in about twenty minutes time hereabouts. chinese have been very hesitant because they see that the europeans just can't get their house in order they've created such a mess of their economies are nowhere near is cutting and 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 side there it's. want to see the west continue to harm itself are we really in the position given all the problems we have talked top down to china and say what we've decided this quarter and what we think is good and what you would do is. now eleven minutes past the hour here in moscow they 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 with lucrative oil and gas contracts how to use laura smith looks at how the harvest of war is being raped. first british poms tourists apart now british companies 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 put 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 the national transitional council told the french. they would give. 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 firm shell and b.p. shares roos on the news they were talking to the transitional government and

generic terms and mark macdonald also reportedly keen the latter refused to put up spokesmen 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 to be involved in any form of public discussion of why that's what that's going around the world. so far the conflict in libya looks like an excellent investment hoth a billion dollars to oust a dictator with a return of three hundred billion in business contracts when it's all over now that humanitarian goals no longer need to be touted wall suddenly makes great business sense you're a smith forty london just only a quarter past the hour here in moscow plenty more still to come on the program for example armed to the teeth cereal already has a ring of the alarm bells over an increased amount of weapons being smuggled in the

country to boost extremist factions fighting the regime. and we delve deeper in the causes of a virtuous circle in ukraine where political protests done brawls are a daily reality and about who holds the reins of power. the un security council is expected to review palestine's bid for un membership in new york motions filed in september too much euphoria in the west bank and other deciding vote may come as soon as next week. i wake up palestine chances. 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 but what they will not become full members of the united nations and the united states will not be forced to exercise its veto rights there are eight countries amongst the security council who have indicated that they will vote in favor of the palestinian bid these include russia china india south africa brazil

eleven and nigeria and gabon both the british and the french have announced that they will abstain from the vote there they will abstain alongside portugal and bosnia while the 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 my go ahead with us although they know that they not going to get their admission into the security council the other option and that seems likely is that they still take the bird to the general assembly what this will give them is upgraded observer status or though 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 statehood good 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 good now the palestinians were lying on the british to support the bird and the foreign secretary has now been accused of being hypocritical and abdicating responsibility when you mention the u. nestico admission to the palestinians in need. the following that the united states canada and israel withdrew will stop giving funding to the body so much so that you mr 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 the bid for statehood

this kind of pressure going on behind the scenes seems to be paying off. paula salut reporting now russia is calling on the syrian opposition to stop aligning itself with extremist going which of smuggling weapons into the country and only triggering more violence now this comes amid an increase in illegal shipments of arms ammunition and military supplies from neighboring lebanon just over the last few months. of international relations or that of a mark of syria who often falls victim to lebanese political games. the people doing smuggling may be doing it for money because somebody is paid and i think there is a ground in pune that in lebanon tricksters the explosive situation there is being made worse by the fact that one faction of politics the silly muslim factions prime minister hariri also backed by the saudis which is trashed see the fall of the syrian regime because its its rival and its supports its rivals has alarmed the

christians in lebanon who don't wish to see a resolution in syria bring her a sunny fundamentalist regime which will likely be hostile 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 for the barrel of a car. is not only twenty minutes past the hour here in moscow a former ukrainian prime minister yulia tymoshenko now faces a new criminal charges by this time that her tax avoidance it relates to when she was leading one of the country's biggest energy corporations back in the one nine hundred ninety s. now just last month she was sentenced to seven years behind bars for exceeding her powers while signing gas contracts with russia her in two thousand and nine many countries condemned the case against him a shanker saying it was politicized that i.c.r.c. reports it seems that in ukraine history is bound to repeat itself. it all started with this man before you fist fights in parliament in our street protests

and destruction of gas supplies to europe were common in his era as president and it kept ukraine firmly in the headlights the world's media had been having many sleepless nights reporting on the rollercoaster events in the country back then right there in journalist meeting if we didn't publish a book talking fun at all the major political players. there's times are extremely fun for the media the regime used the media is a drug this is science but if you do so you have to braise the do see every year which is fun to watch when the temp. you're rises in politics but for society it's bad which is the limit to all this wildness which society carries match with you should we surely breach this go mission of who should many now say it was the master of you should get scared and see which helps which sweeps of power and many felt his arrival would become a breath of fresh air centralizing power instead of lies in the economy were 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 the so-called fourteen months into your local which is presidency propelled ukraine back into the global headlines. the culmination of her trial for exceeding her authority while prime ministers shocked many hardly anyone expected to machine go to land such a big sentence seven years behind bars. of long i want to point out that the one thousand nine hundred thirty seven has returned to ukraine and this verdict and the repression of the people we all have to be strong today i'm appealing to all the people of goodwill to all the patriots of ukraine defend ukraine from the all for a tarion regime from the lack of liberty is from the lies and injustice. while the so-called joy of arc of ukrainian politics was time traveling inside the courtroom perceiving 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 path attacking the police with blunt weapons growing social unrest scared the country's president when you can work around you want to lure in bozeman agencies tell me that people are buying firearms and 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 your craze leading news websites believes it could get even worse. the first year human condition power was not on because people expected a better life after the wild years you should as cadency was filled with madness but at least that eugene was open and predictable but 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 a euro to a twelve football championship and a crucial parliamentary election looming the temperature of scandal will most certainly be rising again come next year. r.t. reporting from kia green. card in just a few minutes here on our t.v. it's usually with a business but an hour time for the international world update for you rescuers have resumed their attempt to reach twenty four by those who were trapped underground following a blast in an illegal chinese coal mine on earth day explosion which killed twenty workers was reportedly caused by a gas leak but ventilators have been installed now to prevent another possible blast china is a large cold producer has one of the world's deadliest records for minors. five more bodies have been pulled from the rubble in eastern turkey following thursday's great things the death toll to at least seventeen although that figure is expected to rise it's fear that there could still be

a number of people trapped in the ruins of a hotel which collapsed in the town of van the exact same region was hit by a much stronger quake about just what three weeks ago now which claimed some six hundred lives. so i want to stay updated on the world's economy with r.t. our business bulletin is next with you. bank story that's right time to delve into the world of business and russia's entry to the world trade organization would bubble again the united states to establish normal trade relations with moscow brought on the house calls for cold war era provision which restricts american businessmen from working with certain countries to be abolished so that some value commandment is suspended every year with russia not quite as still firmly remains on the statute. basically u.s. companies don't benefit from the governator accession of russia from the lower

tariffs and the improved ministry of procedures until the u.s. congress repeals tax advantage so it creates a lobbying interest for appealing jackson valley in the us but it's a matter for congress not the administration so obama can't promise it but i think that do are very likely to see a repeal of tax and panic following russia's deputy accession. and president dmitry medvedev says russia's economy is in a stable position compared to other g. twenty nations he made this statement while visiting the far eastern city of kabul . simple enough was the idea i'm not a weak economic situation and our country looks better than many european countries just point recently difficulties we have managed to achieve fairly rapid g.d.p. growth this year it will reach waterfall a half percent well 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 going into we need to cut our dependence on fluctuations in commodity prices and develop the industrial sector. in other markets now your stocks are rallying and our traders american consumer confidence topped estimates and even his approval of debt reduction plans eased concern about europe's debt crisis. on stocks are rising and what's europe after the taliban senate approved and of gerty package raising optimism that the euro area second most indebted country will contain the debt crisis. right here in moscow the markets were mixed up to close the r.t.s. was flat to positive the most of the last point three percent as some of the some of the individual share moves in the wires its energy majors and banking stocks will know what well jan. dropped almost a week percent welby to be shed one percent bucking the trend was all the mecham gaining momentum on higher gold price. but russian court has handed all major

b.p.a. a win in its legal battle with minority shareholders it is russian wealthy. quote for chapter two claims for around sixteen billion dollars minority shareholders say they suffered financial losses by being excluded from the strategic alliance between was left and b.p. to explore the arctic for oil that deal was blocked by b.p. his russian partners untamed k.b. on the grounds it breached their shareholder claimants the minority shareholders say they will appeal the project. and by live russia's heavyweight car maker after versus moving into cars of stun the company has agreed to launch full cycle production with local car firms it will take one year to design the plant and another to build but employ years ninety thousand cars should be rolling from the new plant annually its hopes the project will meet the growing demand for cheap cars and cars that stand russia and central asia and compensate the project will require half

a billion dollars of investment. so we have time for you know jordan in about thirty minutes time for another business update all kept more store a small group size arches off concession business. to.

the losers. to. see.