now seven o'clock here on a friday night in moscow this is art with me. now the tremors over euro crisis have been echoing loudly inside italy's government spurring it sent to push through the country so. the package to date other nations president has promised that once the law is passed prime minister silvio berlusconi will resign with his possible successor being a former e.u. commissioner now let's cross live talk correspondent in rome sara first for more on whether this vote will actually reverse italy's or fortunes or misfortunes what have you. given the severity of these austerity measures being passed is it at all surprising that it appears to have gone through so easily. 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 at a very critical moment in history but now we saw that they possibly to be easily today a hundred and fifty six to twelve and it's expected that similar things to happen in the final approval will be given in the lower house and not of course with them pave the way prime minister berlusconi to step aside as he. had been passed 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 will be formed not going to happen very quickly from what we've been hearing as he said the emphasis really head now is on decisive action and the front runner that's emerged recently is a man named mary a moment see he's the former economic and he's not just amongst politicians but amongst you is a need is well he's got very close links. with brussels he still to be the man he

can lead the way we quite situation now find out. in india there have been some analysts already saying that the former e.u. commissioner monti could be a bit of a cracker and i'm certainly part of an elitist group in brussels but as you were saying moments ago of course i will promise there soon as you're mentioning will be a new man at the helm but some might argue this is ultimately the same as replacing the captain of the titanic do 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 new government going to be a quick fix to all the problems but it is essential at this moment that some form of action is taken to send a 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 monti is a favorite we saw the italian president making quite

a clever chesney when he appointed him the standard to the life now that's made him a much more appealing candidate for the m.p.'s much more politically viable to take that top spot and we've also seen the top spot in greece taken by former e.c.b. official you've now got mary monti possibly getting up to take the top spot for me e.u. commissioner there is definitely concern amongst the public in these countries that what you're seeing now is an extension of brussels in the sense that she will really that is what's happening again the m.p.'s that we're speaking to are saying that this technocratic government now is really good it just 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 eurozone leaders and of course not just italy but the entire usa and future right now looking extremely uncertain but the public very concerned about the losses the greatest say about whether the new governments are going to be acting in

their country's interests here in italy we still got those very harsh reforms that not only have to be passed but they don't have to be influence a is one thing to put in place these euro kratz who are going to apiece brussels at the quite another to gain up public support and we've seen in the past in both italy and countries like greece that a loss of public support can really have a very significant impact in d.c. by no means it's league game to be out of the words if and when that new government is formed it's expected to happen as early as saturday then not. out of the woods yet there's still a long way to go they funds us at a very critical point in the future and there's a lot that needs to be done we've been taking a closer look at these economies. thank. the italian brand has always seemed to be going strong. and divest is an express a. theater in fashion it's a country that economy wise is used to putting is best foot forward. to recently

its least seen its economy stagnating has now become the latest country to be dragged into the center of the eurozone crisis. italy has a strong economy and could have. been sorry better than it is now italy could now face a similar fate these countries having to seek emergency care laos 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'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

here is a. tougher forms it's been a large part of what's 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 an italian problem i mean 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. 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.a.e. thing faces 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 to find decisive leadership at this point and they say deals could be left in ruins. he.

just within the last hour the new greek prime minister lucas papademos has been sworn in as the head of a unity government by the make up of his new cabinet was also announced on state television television off the ceremony the former banker and european central bank vice presidents immediate task will be to implement yet more austerity measures in return to continue to e.u. bailout plans the public reaction in greece has been mixed however with many decrying the loss of yet more sovereignty to the you john mcclane the director of studies at the institute of democracy and cooperation believes brussels has a scaped much of the blame for the blocs the crisis. these people who have taken power in greece and shortly to take hour in italy have never been elected these are men who have made their entire careers through garnering important appointments 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 now after 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 drew had to leave office the moment he suggested a referendum on the debt package and berlusconi had to leave office the moment he said that italians would become poor 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 co responsible element and that is the euro itself 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 am absolutely convinced that the euro project is at an end i can't say when it's going to break down but it is at an end yes there's been financial irresponsibility in greece and

italy but the situation has been made worse well catastrophic by their membership of the euro. with europe's debt burden growing of a harder for the block to shoulder all eyes now turning to the east in the hope that china will commit his vos castors cash reserves to save the e.u. but so far it's reluctance has been all too obvious the reasons why one of the themes being discussed in today's cross talk coming your way now in about twenty minutes time here on say. 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 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

policy 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. now eleven minutes past the hour here in moscow 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 with lucrative oil and gas contracts laura smith now looks at how the harvest of war is being raped. first british bombs tourists apart now british companies will get paid to put it back together libya is open for business and u.k. firms are being encouraged to join the gold rush the relatively wealthy country with oil reserves and i expect that there will be opportunities for british.

companies to get involved in the reconstruction of libya philip hammond is urging c.e.o.'s and sales directors to pack their suitcases and head to the north african country the u.k.'s bill for its part in the nato intervention in libya is estimated at just under five hundred million dollars but according to the u.k. department of trade and investment the value of contracts to rebuild libya in areas ranging from electricity and water supplies to health care and education could amount to put some 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 national transitional council told the french way. they would give over thirty five it was shown to. the u.k. department for trade and investment already has staff on the ground in libya ready to welcome british companies. awarded contracts wanting to get in on the action shell and b.p. shares roos 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. to solve 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 the humanitarian goals no longer need to be touted wall suddenly makes great business sense nor is smith r.t. 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 syrian authorities are ringing the alarm bells over an increased amount of weapons being smuggled into the country to boost extremist factions fighting the regime. i know we delve deeper in the causes of a vicious circle in ukraine where political protests on brawls are a daily reality and about who holds the reins of power.

but u.n. security council is expected to review palestine's bid for u.n. membership in new york the motion was filed in september too much euphoria in the west bank the deciding vote may come as soon as next week. palestine's 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 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 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 levanon nigeria and gabon both the british and the french have announced that they will abstain from the vote 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 might go ahead with this although they know that they're not going to get that 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 upgraded 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 statehood but 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 this bid now the palestinians were relying on the british to support their bid and the foreign secretary has now been accused of being hypocritical and abdicating responsibility when you mention the e.u. nasco 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 miska 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 so certainly while the palestinians a short time ago had a lot of euphoria that the international community would back the bid for statehood this kind of pressure going on behind the scenes seems to be paying off. reporting right there now russia is calling on the syrian opposition to stop aligning itself

with extremist goings which are smuggling weapons into the country and only triggering more violence or this comes amid an increase in illegal shipments of arms ammunition and military supplies from neighboring lebanon or just over the last few months a professor of international relations or that of a mark and says that syria who often falls victim to lebanese political games. the people doing smugly may be doing it for money but of course somebody is paid and i think there is ground thinking that in lebanon for instance the explosive situation there is being made worse by the fact that one faction of politics the sunni muslim factions prime minister hariri also backed by the saudis which is ranchers see the fall of the syrian regime because it's its rival and it supports its rivals has a law on the christians in lebanon who don't wish to see a resolution in syria bring to power a sunny fundamentalist regime which will likely be hostile to the religious minorities and so we are seeing there are cynical people who do anything for money

we're also seeing people who say the way to paris with the barrel of a gun. just out on in twenty minutes past the hour here in moscow the former ukrainian prime minister yulia tymoshenko now faces new criminal charges this time that of 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 or in two thousand and nine many countries condemned the case against him a shanker saying it was politicized. the reports it seems that in ukraine history is bound to repeat itself. it all started with this man viktor yushchenko fist fights in parliament 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 fun at all the major political players. there is times are extremely fun for the media the regime used the media it is a drug this is science but if you do so you have to raise the do see every year which is fun to watch when the temp. you're rises in politics but for society it's bad because there's a limit to all this wildness after which society goes mad with we surely breaches go. 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 victims of its first priorities when he became president of ukraine for more than a year it had been relatively quiet here but the case of former prime minister units in 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 minister shocked many hardly anyone expected to go to land such a big sentence seven years behind bars. 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 whole forty tarion regime from the lack of liberties from the lies and injustice. while the so-called joint of arc of ukrainian politics was 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 prague attacking the police with blunt weapons growing social unrest scared the

country's president when you can work around you want to lure enforcement 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 ukraine's leading news websites believes it could get even worse. the first year of 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 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 two world 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 kiev ukraine. right in just a few minutes here on r.t. if you are with the business but for now it's time for the international world update for you rescuers have resumed their attempt to reach twenty four miners who were trapped underground following a blast in an illegal chinese coal mine on thursday the explosion which killed twenty workers was reportedly caused by a gas leak ventilators have been installed now to prevent another possible blast china is a large cold producer that has one of the world's deadliest records for miners. five more bodies have been pulled from the rubble in eastern turkey following thursday's earthquake brings 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. thanks warrior that's right time to delve into the world of business and russia's entry to 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 checks and vatican amendment is suspended every year with russia but it still formally remains on the statutes. basically us 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

that do are very likely to see a repeal of tax and vat it following russia's deputy accession. and president dmitri medvedev says russia's economy is in a stable position compared to other g. twenty nations he made the statement while visiting the far eastern city of kabul out of. supports that on the economic situation in our country looks better than many european countries disappoint recent difficulties we have managed to achieve fairly rapid g.d.p. growth this year it will reach four to four hundred percent while in europe and the us g.d.p. growth will range from zero to one percent this year we will also have the lowest inflation in the last twenty years of around seven percent but i cannot say we are protected from danger we need to cut our dependence on fluctuations in commodity prices and develop the industrial sector. of the markets now your stocks are rallying in the early traders american consumer confidence topped estimates and it

is approval of debt reduction plans eased concern about europe's debt crisis. on stocks are rising across europe after the italian senate approved and austerity package raising optimism that the euro area second most indebted country will contain the debt crisis. but here in moscow the markets were mixed at the close the r.t.s. was flat to positive and the most of the last point three percent as some look at some of the individual share moves in the mice it's energy majors and banking stocks well what well john paul paul dropped almost three percent well good to be shed one percent bucking the trend was full of mecham gaining momentum on higher gold price. the russian court has handed all major b.p. a win in its legal battle with minority shareholders and its russian oil. the court for chapter two claims for around sixteen the 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.'s russian partners and tame k.b.p.s. on the grounds it breached their shareholders agreement the minority shareholders say they will appeal the fart. and finally of russia's heavyweight comic the aft of us is moving into kazakhstan the company has agreed to launch a full cycle production with local call farms. take one year to design the plant and another to build but in four years ninety thousand cars should be rolling from the new plant it is hoped the project will meet the growing demand for cheap cars and kazakhstan russia and central asia the companies say the will acquire half a billion dollars of investment. so we have time for no jordan in about fifteen minutes time for another business update all get more store a small website archibald com slash business.

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now seven thirty on a friday night here in moscow you with the headlines now by the italian senate approved his harshest new austerity lorgat hoping to stem a 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 his un statehood now even if it loses it once the bids opponents to justify the decision i would you believe will be dictated by the united states. and western corporations that descend upon oil rich libya seeking to skim the cream off the riches left following the nato bombing. all right so my colleague bill dog is here in half an hour's time.